RICE: WORLD MARKETS AND TRADE
Record Imports Expected in Senegal: In addition to its traditional demand from Thailand and India, Senegal is buying unusually large quantities of broken rice from non-traditional suppliers such as Brazil, Uruguay, and Argentina. Traders expect that some of the exports may be destined for reshipment to other countries, particularly Niger and Mali, where there are reported shortfalls due to locusts.
International: Asian rice prices have jumped over the last month. Price quotes for Thai 100B are up $5 at $293 per ton, FOB, supported by the announced intervention prices set to begin November 1. Overseas buyers remain withdrawn from the Thai market despite limited exportable supplies from other exporters. Viet price quotes for 5% are up $11 at $267 per ton, FOB, due to tight supplies, although there are currently no sales at these high levels. India 5% is up $6 at $258 per ton, FOB.
Domestic: U.S. prices increased by $8 over the month, with #2/4 currently quoted at $318 per ton, FOB. The medium grain market in California continues to strengthen. Current quotes for U.S. #1/4 sacked are $485 per ton, FOB (See PDF version for chart).
TRADE CHANGES IN 2006
TRADE CHANGES IN 2005
Note: Historical revisions have been made this month to select Sub-Saharan Africa countries.
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Last modified: Thursday, October 13, 2005