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


15 December 2014

USDA GAIN: Thailand Rice Price Update December 2014USDA GAIN: Thailand Rice Price Update December 2014


USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

TH4124 – Export prices declined 1 percent in anticipation of the sales of government rice stocks. The details of a new public tender for 400,000 metric tons will be announced on December 11, 2014.

Export prices of white rice declined around 1 percent from the previous week in anticipation of additional sales of government rice stocks. On December 8, 2014, the Rice Policy and Management Committee agreed with the Ministry of Commerce’s plan to issue a new public tender for approximately 400,000 metric tons of white and broken rice from the government stocks. The details of the tender will be announced on December 11, 2014. This is likely to be the last public tender for 2014. Including the expected tender, Thailand will have issued public tenders for a total of 4.8 million metric tons in 2014. Presently (as of December 8, 2014), average farm-gate prices of white rice paddy have declined to around 7,800 baht per metric tons ($236/MT), down approximately 5 percent from the same period last year. Also, current farm-gate fragrant rice prices (13,500 baht per metric tons ($409/MT)) are 6 percent lower than the previous year’s levels. The implementation of an on-farm pledging program last week helped stop further falling in fragrant rice prices this week.

Rice Export Update

Unofficial preliminary rice exports (excluding premium white and fragrant rice) for December 1-7, 2014 totaled 82,540 metric tons, down 31,407 metric tons from the previous week and down 20,718 metric tons from the four-week moving average of 103,258 metric tons (Table 2). Rice exports from January 1 – December 7, 2014, totaled 4,961,605 metric tons, up 61 percent from the same period last year.

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