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


19 August 2014

USDA GAIN: Thailand Weekly Rice Price - 13 August 2014USDA GAIN: Thailand Weekly Rice Price - 13 August 2014

TH4069 – Export prices increased 1 to 2 percent due to tight domestic supplies. The government has not finalized last week’s public tender.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Post:

Bangkok

Export prices increased 1 to 2 percent from the previous week due to tight domestic supplies. The military government still has not finalized the public tender that it issued last week on August 7, 2014. The tender consisted of 168,000 metric tons of government-owned rice stocks. Forty six millers and exporters participated in the tender. The bids (Table 2) were reportedly below current market prices. More specifically, bids were approximately 5 percent lower for fragrant rice, 10 percent for 5 percent grade white rice, and 6-15 percent for broken white rice.

Rice Export Update

Unofficial rice exports (excluding premium white and fragrant rice) for August 4-10, 2014 totaled 113,166 metric tons, down 15,921 metric tons from the previous week and down 9,958 metric tons from the four-week moving average of 123,123 metric tons (Table 3). Rice exports from January 1 – August 10, 2014, totaled 2,998,750 metric tons, up 51 percent from the same period last year.

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