RICE: WORLD MARKETS AND TRADE
International: Asian prices are mixed this month. Thai prices continued to strengthen (up $3 with quotes currently at $309 per ton, FOB) on an announcement of the dry season intervention scheme at the current price level, currency fluctuations and stronger demand for high quality varieties. Meanwhile, Viet prices are down $17 to $247 per ton, FOB, due to normal seasonal harvest pressure of the Winter-Spring crop and the unusually strong internal demand for cash.
Domestic: U.S. long grain prices remain unchanged, with #2/4 currently quoted at $368 per ton, FOB. This brings the price spread between Thai and U.S. rice to $59 per ton. Meanwhile, U.S. medium grain prices remain unchanged at $515 per ton, FOB. (See PDF version for chart).
TRADE CHANGES IN 2006
TRADE CHANGES IN 2005
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Last modified: Tuesday, April 11, 2006