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


07 October 2014

USDA GAIN: Thailand Weekly Rice Price Update - 7 October 2014USDA GAIN: Thailand Weekly Rice Price Update - 7 October 2014

TH4086 – Export prices declined around 1 percent due to the sales of government stocks. The result of the second public tender has been finalized and new tenders will be exclusively for exporters.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Export prices declined around 1 percent due to the sales of government stocks. The government sold 72,085 metric tons worth 909 million baht ($28 million) to thirteen exporters and millers in its second public tender (approximately 140,000 metric tons) issued on September 12, 2014. Also, on September 24, 2014 the government announced that it would issue closed tenders specifically for exporters who have purchase orders.

The tender will be for export only in order to avoid downward pressure on domestic prices as the new main-crop harvest will begin next month.

Rice Export Update

Unofficial preliminary rice exports (excluding premium white and fragrant rice) for September 22-28, 2014 totaled 105,469 metric tons, down 50,284 metric tons from the previous week and down 16,091 metric tons from the four-week moving average of 121,560 metric tons (Table 2). Rice exports from January 1 – September 28, 2014, totaled 3,841,208 metric tons, up 55 percent from the same period last year.

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