RICE: WORLD MARKETS AND TRADE
Asian prices are still showing a wide divergence between suppliers. In Thailand,
prices remain high, sustained by large exports to Iran and Iraq and from strong
buying interest in the Middle East. The appreciation of the Baht has also helped
boost prices. Thai 100B is currently quoted at $318 per ton, FOB, up $7 from
last month. Viet 5% is currently quoted at $261 per ton, FOB, up $9 from last
month. Prices in India are down slightly; 5% is currently quoted at $250 per
ton, FOB (See PDF for chart).
Domestic: U.S. prices increased this month with U.S. #2/4 long grain milled rice quoted at $379 per ton, FOB. The spread between comparable qualities of Thai and U.S. rice is $61 per ton. Prices for U.S. #1/4 medium grain milled rice from California are currently quoted at $475 per ton, FOB, unchanged from last month.
TRADE CHANGES IN 2005
• Trade estimates are finalized based on year end data for India.
• Trade estimates are finalized based on year end data for Bangladesh, Cote d’Ivoire, Nigeria, and Somalia.
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Last modified: Monday, June 12, 2006