RICE: WORLD MARKETS AND TRADE
International: Asian prices are slightly weaker this month. Thai prices dropped $3 from last month to $306 per ton, FOB, mainly due to currency fluctuations. Despite government efforts to bolster sagging export prices, Viet prices dropped $4 to $243 per ton, FOB.
Domestic: U.S. long grain prices strengthened $5, with #2/4 currently quoted at $373 per ton, FOB. This brings the price spread between Thai and U.S. rice to $67 per ton. Meanwhile, U.S. medium grain prices have slipped $40 to $475 per ton, FOB, as most of the business to East Asia has been completed (See PDF version for chart).
TRADE CHANGES IN 2006
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Last modified: Tuesday, April 11, 2006