RICE: WORLD MARKETS AND TRADE
International: Asian prices are still showing a wide divergence between suppliers. Export prices in Thailand remain high partly due to the strengthening of the baht; 100B is currently quoted at $321 per ton, FOB, up $1 from last month (See PDF version for chart).
With uncertainty surrounding the political situation, the Government is expected to raise the price for the new crops’ intervention program, starting in November 2006.
Viet 5% is currently quoted at $261 per ton, FOB, up $2 from last month. Prices remain strong due to large outstanding contracts and news of renewed buying interest from Indonesia. Indian prices are down; 5% is currently quoted at $250 per ton, FOB.
Domestic: U.S. #2/4 long grain milled rice is quoted at $390 per ton, FOB. The spread between comparable qualities of Thai and U.S. rice is $69 per ton compared to $7 per ton this time last year. Prices for U.S. remain unchanged from last month with #1/4 medium grain milled rice from California are currently quoted at $475 per ton, FOB.
TRADE CHANGES FOR 2007
TRADE CHANGES FOR 2006
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Last modified: Monday, August 14, 2006