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


10 September 2012

USDA GAIN: Thailand Weekly Rice Price - 10 September 2012USDA GAIN: Thailand Weekly Rice Price - 10 September 2012

TH2087 - The price of exported rice increased slightly due to the strengthening of the Thai baht to 31.1 baht/$. Meanwhile, domestic prices remained stable as traders and exporters held off making new inquiries due to the anticipation of the government tender expected on August 28, 2012.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Rice export prices increased slightly due to the strengthening of the Thai baht to 31.1 baht/$, compared to 31.4 baht/$ from the previous week. Meanwhile, domestic prices remained stable as traders and exporters held off making new inquiries due to the anticipation of the government tender expected on August 28. The government is expected to release rice stocks of 709,730 metric tons from the MY2011/12 main-crop Paddy Pledging Program; of which 499,069 metric tons are 100% B grade fragrant rice, and 210,661 metric tons are 5% grade white rice. A portion of the fragrant rice and all of the white rice are for export use only.

The Government tripled its weekly pledging to 836,999 metric tons of paddy last week. Presently, the MY2011/12 Paddy Pledging Program has pledged 18.1 million metric tons of paddy (11.9 million metric tons milled equivalent); of which 6.8 million metric tons are main-crop paddy (4.5 million metric tons milled equivalent) (Table 2), and 11.3 million metric tons are off-season crop paddy (7.4 million metric tons milled equivalent) (Table 3). Currently, the Government is holding total intervention stocks of around 12-13 million metric tons; of which 1-2 million metric tons are old-crop rice.

Rice Export Update

Unofficial rice exports (excluding fragrant rice) for August 20-26, 2012 totaled 77,361 metric tons, up 12,561 metric tons from the previous week, and down 1,817 metric tons from the four-week moving average of 79,179 metric tons. Exports of white rice and parboiled rice between January 1 - August 26, 2012 totaled 3,244,822 metric tons, down 49.9 percent (6,473,462 metric tons) from last year.

According to the Department of Foreign trade, Ministry of Commerce, total rice exports (including fragrant rice) between January 1 – August 17, 2012 amounted to 4,217,404 metric tons, down 45.9 percent (7,800,893 metric tons) from last year.

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