USDA GAIN: Oilseeds, Cotton, Sugar, Grain and Feed
21 July 2014
USDA GAIN: Thailand Weekly Rice Price - 15 July 2014
TH4061 – Export prices increased 1 to 2 percent. The military government plans to resume the sale of rice stocks next month.
Post:
Bangkok
Export prices increased 1 to 2 percent from the previous week due to tighter supplies of white rice. The military government still has a hold on the movement of government-owned rice stocks while they continue inspections of rice storage facilities. The Ministry of Commerce reported that around half of the approximately 18 million metric tons of rice stocks have been inspected so far. Inspectors have found that approximately 20 percent of the rice stocks have quality problems. The military government plans to complete its inspections by the end of July.
As of July 13, 2014, the government reportedly received approximately 11.7 million metric tons of main-crop rice paddy (7.7 million metric milled equivalent – Table 2) under the MY2013/14 Main-Crop Rice Paddy Pledging Program at a cost of around 193 billion baht ($6 billion). As of July 9, 2014, the BAAC has reportedly paid approximately 192 billion baht ($5.9 billion) in loans to 1.5 million rice farmers for 11.6 million metric tons of pledges (7.6 million metric tons milled equivalent).
Rice Export Update
Unofficial rice exports (excluding premium white and fragrant rice) for July 7-13, 2014 totaled 119,732 metric tons, up 3,713 metric tons from the previous week and up 1,574 metric tons from the four- week moving average of 118,158 metric tons (Table 3). Rice exports from January 1 – July 13, 2014 totaled 2,508,424 metric tons, up 42 percent from the same period last year.
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