RICE: WORLD MARKETS AND TRADE
PRICES: See PDF version for charts
International: Export prices in Thailand remained mostly steady last month. The 2006/07 program will begin in November; 100B is currently quoted at $318 per ton, FOB, down $3 from last month.
Viet 5% is currently quoted at $265 per ton, FOB, up $4 from last month, due to limited supplies. Indian prices are up; 5% is currently quoted at $263 per ton, FOB. Prices have steadily increased since last month because of limited supplies, heavy loadings, and to a limited extent the government’s price support program, though it does not take effect until later this fall.
Domestic: U.S. #2/4 long grain milled rice is quoted at $423 per ton, FOB. The spread between comparable qualities of Thai and U.S. rice is $105 per ton compared to $8 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 2006
TRADE CHANGES IN 2005
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Last modified: Wednesday, September 13, 2006