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RICE: WORLD MARKETS AND TRADE
PRICES: See PDF version for charts
International:
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
Selected Exporters
• Burma
is down 100,000 to 150,000 on the expectation of tighter exportable supply.
TRADE CHANGES FOR 2006
Selected Exporters
• China
is up 100,000 to 1.1 million based on strong export pace.
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Last modified: Sunday, March 17, 2013 |