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USDA GAIN: Oilseeds, Cotton, Sugar, Grain and Feed


13 January 2014

USDA GAIN: Thailand Weekly Rice Price - 8 January 2014USDA GAIN: Thailand Weekly Rice Price - 8 January 2014

TH4001 – Export prices declined significantly from the previous week due mainly to the weakening of the Thai baht to 33 baht/US$.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Post:

Bangkok

Export prices declined significantly due to the weakening of the Thai baht, which is approximately at 33 Baht/U.S.$ as compared to 32.5 baht/US$ in the previous week. Meanwhile, the government has reportedly received approximately 9.9 million metric tons of rice paddy (6.5 million metric milled equivalent - Table 2) under the current MY2013/14 Rice Paddy Pledging Program. The pledges mainly consist of 5.5 million metric tons of white rice paddy (3.6 million metric tons milled equivalent), 3.9 million metric tons of fragrant rice paddy (2.6 million metric tons milled equivalent), and 0.5 million metric tons of glutinous rice paddy (0.3 million metric tons milled equivalent). However, the Bank for Agriculture and Agricultural Cooperatives reported that only approximately 10 percent of the farmers have received the loans under this program due to current limited financial resources.

Rice Export Update

Unofficial rice exports (excluding premium white rice and fragrant rice) for January 1-5, 2014 totaled 22,031 metric tons, down 43,835 metric tons from the previous week and down 41,847 metric tons from the four- week moving average of 63,878 metric tons (Table 3). Exports of white and parboiled rice from January 1 through December 31, 2013 totaled 3,351,293 metric tons, down 33 percent from 5,000,360 metric tons in the same period last year, mainly due to a reduction in parboiled rice exports.

Total rice exports (including premium white rice and fragrant rice) from January 1 through December 16, 2013 amounted to approximately 6.4 million metric tons, down 3.7 percent from the same period last year.

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