USDA GAIN: Oilseeds, Cotton, Sugar, Grain and Feed
11 November 2013
USDA GAIN: Thailand Weekly Rice Price - 5 November 2013
TH3100 – Domestic and export prices declined approximately 1 to 2 percent due to additional sales of the government rice stocks. In addition, the government has begun to receive new pledges of white rice under its MY 2013/14 Main Crop Rice Pledging Program.
Post:
Thailand
Domestic and export prices declined approximately 1 to 2 percent due to sales of government rice stocks to large exporters. The exporters are reportedly fulfilling orders of an estimated 250,000 metric tons (mostly newly harvested white rice) by Iran. Supplies of new-crop white rice are coming into the market, particularly in the northern region where rice production is reportedly going well despite media reports of widespread flood damages. The government also reported that the current MY2013/14 Main Crop Rice Paddy Pledging Program, which began on October 1, 2013, has already received pledges of approximately 1 million metric tons of rice paddy (0.7 million metric tons milled equivalent), mostly white rice from the northern and the central plain regions. Pledges under the MY2013/14 program have been capped at 350,000 baht per farm household as compared to the unlimited pledges in the past.
Rice Export Update
Unofficial rice exports (excluding premium white rice and fragrant rice) for October 28 – November 3, 2013 totaled 42,697 metric tons, down 5,151 metric tons from the previous week, and down 10,433 metric tons from the four- week moving average of 53,130 metric tons (Table 2). Exports of white and parboiled rice from January 1 through November 3, 2013 totaled 2,776,999 metric tons, down 34 percent from 4,233,467 metric tons in the same period last year mainly due to a reduction in parboiled rice exports. Meanwhile, exports of white and fragrant rice increased approximately 10 percent from the same period last year due to the sales of the government’s rice stocks.
Total rice exports (including premium white rice and fragrant rice) from January 1 through September 30, 2013 amounted to approximately 4.6 million metric tons, down 8 percent from the same period last year.
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