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


09 January 2013

USDA GAIN: Thailand Weekly Rice Price Update - 8 January 2013USDA GAIN: Thailand Weekly Rice Price Update - 8 January 2013

TH 3002 – Domestic and export prices remained unchanged due to quiet trading. The current pledging program has received pledges of around 7.4 million tons of rice paddies, up significantly from the previous year.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Export Prices (FOB) for Various Grades of Thai Rice (USD/MT), Week Ending Jan 2, 2013

Exchange rate: 30.5 baht/U.S.$
Source: Average actual prices received from exporters

Domestic and export prices remained unchanged from the previous week due to quiet trading. The current MY2012/13 main-crop Paddy Pledging Program has preliminarily received pledges of around 7.4 million metric tons of rice paddies (roughly 4.9 million metric tons milled equivalent) from October 1 – December 27, 2012. This marks a tremendous increase, approximately 74 percent, during the same period last year. To date, the state-run Bank for Agriculture and Agricultural Cooperatives (BAAC) has provided loans worth approximately 100 billion baht ($3 billion) to farmers; half of which have been reportedly funded by the government rice stock sales.

Rice Export Update

Unofficial rice exports (excluding fragrant rice) for December 24-31, 2012 totaled 105,594 metric tons, up 5,261 metric tons from the previous week and up 21,227 metric tons from the four-week moving average of 84,368 metric tons. Exports of white and parboiled rice from January 1- December 31, 2012 totaled 5,005,310 metric tons, down 39.6 percent (8,290,503 metric tons) from last year. According to the Department of Foreign trade, Ministry of Commerce, total rice exports (including fragrant rice) from January 1 – November 30, 2012 amounted to 6,405,420 metric tons, down 36.5 percent (10,083,416 metric tons) from the same period last year.

January 2013

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