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


21 May 2012

USDA GAIN: Thailand Weekly Rice Price - 21 May 2012USDA GAIN: Thailand Weekly Rice Price - 21 May 2012

TH2050 Domestic and export prices of white rice increased 2-4 percent due to tighter exportable supplies caused by the aggressive intervention program. The government intervention stocks increased to 10.8 million tons milled equivalent as total weekly pledging doubled to 0.9 million tons of paddy.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Domestic and export prices of white rice increased 2-4 percent due to tighter exportable supplies caused by the aggressive intervention program. The total weekly pledging doubled to 950,897 tons of paddy, as compared to 444,285 tons in the previous week (Table 3 (see full report)).

Consequently, the government intervention stocks increased to 10.8 million tons milled equivalent, of which 2.0 million tons are oldcrop intervention stocks, and 8.8 million tons are MY2011/12 crop. The MY2011/12 main-crop Paddy Pledging Program took delivery of a total of 6.8 million tons of paddy (4.5 million tons milled equivalent (Table 2 (see full report)).

The current off-season Paddy Pledging Program has absorbed 6.5 million tons of paddy (4.3 million tons milled equivalent) since it began on March 1 up to May 13. The Government expects that the program will eventually process around 8.0 million tons Bangkokof paddy (5.3 million tons milled equivalent), accounting for 72.0 percent of the total off-season production.

Rice Export Update

Unofficial rice exports (excluding fragrant rice) for May 7-13, 2012 totaled 121,062 tons, down 3,777 tons from the previous week, and down 1,629 tons from the four-week moving average of 122,690 tons.

Exports of white rice and parboiled rice during January1 – May 13, 2012 totaled 1,984,046 tons, down 48.6 percent from 3,684,888 tons in the previous year.

According to the Department of Foreign trade, Ministry of Commerce, total rice exports (including fragrant rice) during January 1 – May 10, 2012 amounted to 2,446,890 tons, down 43.6 percent from 4,335,518 tons in the previous year.

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