RICE: WORLD MARKETS AND TRADE
PRICES: See PDF version for charts
Export prices in Thailand weaken under pressure from the Government’s lower
announced intervention prices and plans to sell off 3.7 million tons of
intervention stocks. Conversely, Viet 5% is currently quoted at $287 per ton,
FOB, up $16 due to tight supplies.
Domestic: U.S. #2/4 long grain milled rice is up slightly from last month at $434 per ton, FOB. The spread between comparable qualities of Thai and U.S. rice is $140 per ton compared to $33 per ton this time last year. The last time U.S. prices were at $434 was in June of 1998. The spread then was $102. U.S. medium grain prices remain unchanged with quotes at $525 per ton, FOB.
TRADE CHANGES FOR 2007
• Burma is down 100,000 to 150,000 on the expectation of tighter exportable supply.
TRADE CHANGES FOR 2006
• China is up 100,000 to 1.1 million based on strong export pace.
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Last modified: Sunday, March 17, 2013