USDA GAIN: Oilseeds, Cotton, Sugar, Grain and Feed
04 August 2014
USDA GAIN: Thailand Weekly Rice Price - 29 July 2014
TH4066 – Export prices remained unchanged. The sales of rice stocks will likely resume next month.
Post:
Bangkok
Export prices remained unchanged from the previous week. The government reported that around 70 percent of the rice storage warehouses have been inspected so far. Around 80 percent of the government-owned rice (approximately 10 million metric tons) is in good condition, of which approximately 3 million metric tons are broken rice. The government plans to resume sales of its rice stocks next month after it completes the inspection of rice storage facilities.
As of July 27, 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 24, 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 pledged rice (7.6 million metric tons milled equivalent).
Rice Export Update
Unofficial rice exports (excluding premium white and fragrant rice) for July 21-27, 2014 totaled 109,536 metric tons, down 31,170 metric tons from the previous week and down 11,962 metric tons from the four-week moving average of 121,498 metric tons (Table 3). Rice exports from January 1 – July 27, 2014 totaled 2,758,665 metric tons, up 47 percent from the same period last year.
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