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


28 August 2012

USDA GAIN: Thailand Weekly Rice Price - 28 August 2012USDA GAIN: Thailand Weekly Rice Price - 28 August 2012

TH2084 Domestic and export prices increased 2-7 percent due to tighter domestic supplies. The Government will conduct a tender next week for its rice stocks of 709,730 tons from MY2011/12 maincrop Paddy Pledging Program.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Domestic and export prices increased 2-7 percent due to tighter domestic supplies as exporters are fulfilling pending shipments of parboiled rice to South Africa and Benin, and white rice to Iraq. Also, weekly pledging continued to increase to 279,866 tons, up 14.8 percent from the week before last.

However, tight domestic supplies will likely ease next week as the Government decided to release its rice stocks of 709,730 tons from MY2011/12 main-crop Paddy Pledging Program. The tender will be conducted on August 28, 2012 for 499,069 tons of 100% B grade fragrant rice and 210,661 tons of 5% grade white rice. The release of white rice is conditional on exports. In addition, the tender will include its old-crop paddy stocks of 44,126 tons from MY2003/04 – MY2007/08, of which 21,852 tons are fragrant rice paddy, and 22,274 tons are 5% grade paddy white rice.

Presently, the Government is holding total intervention stocks of around 11 – 1 2 million tons, of which 1-2 million tons are old-crop rice. The MY2011/12 Paddy Pledging Program has pledged 6.8 million tons of main-crop paddy (4.5 million tons milled equivalent) (Table 2), and 10.4 million tons of offseason crop paddy (6.9 million tons milled equivalent) (Table 3).

Rice Export Update

Unofficial rice exports (excluding fragrant rice) for August 13-19, 2012 totaled 64,801 tons, down 20,075 tons from the previous week, and down 22,539 tons from the four-week moving average of 22,539 tons. Exports of white rice and parboiled rice during January1 – August 19, 2012 totaled 3,167,461 tons, down 49.9 percent from 6,316,948 tons in the previous year.

According to the Department of Foreign trade, Ministry of Commerce, total rice exports (including fragrant rice) during January 1 – August 14, 2012 amounted to 4,167,944 tons, down 45.9 percent from 7,705,574 tons in the previous year.

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