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RICE: WORLD MARKETS AND TRADE
PRICES:
International:
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
Selected Exporters
• Trade estimates are finalized based on year end data for India.
Selected Importers
• 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 |