RICE: WORLD MARKETS AND TRADE
PRICES: See PDF version for charts
International: Export prices in Thailand remain high given the strength of the baht and buying interest from Middle East and Asian countries. There are no quotes out of Vietnam due to the export ban though there are reports that state owned exporting firms will be allowed to respond to tenders from Indonesia and the Philippines.
Domestic: U.S. #2/4 long grain milled rice quotes remain unchanged from last month at $434 per ton, FOB despite advances in late December. The spread between comparable qualities of Thai and U.S. rice is $113 per ton compared to $55 per ton this time last year. U.S. medium grain prices have retreated from last month’s highs of $575 per ton price to $565 per ton, FOB.
TRADE CHANGES FOR 2007
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Last modified: Friday, January 12, 2007