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| United States Department of Agriculture |
| Foreign Agricultural Service |
Circular Series
FG 0108 |
| January 2008 |
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Grain:
World Markets and Trade
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RICE: WORLD MARKETS AND TRADE
PRICES:
International:
Thai quotes are up $9 from last month to $372
per ton, FOB. Vietnam is not quoting prices
because of the export ban.
Domestic: U.S.
#2/4 long grain milled rice quotes are up from
last month to $527 per ton, FOB. The spread
between comparable qualities of Thai and U.S.
rice is $155 per ton compared to $118 per ton
this time last year. California medium grain
#1/4 prices are down $15 per ton from last month
to $600 per ton, FOB.
TRADE CHANGES FOR
2008
Selected Exporters
- China is cut 300,000 tons to 1.3
million as a result of restrictive export
policies.
- Pakistan is lowered 300,000 tons to
2.9 million due to logistical problems and
trade disruptions.
Selected Importers
- China is down 100,000 tons to
600,000 due to tighter fragrant supplies out
of Thailand.
- Cote d’Ivoire is lowered 100,000
tons to 650,000 based on reduced exports
from China.
- Cuba is dropped 100,000 tons to
600,000 due to tight supplies in Vietnam.
- Nigeria is lowered 100,000 tons to
1.6 million because of India’s continued
export ban.
TRADE CHANGES FOR
2007
exports are raised 100,000
tons to 9.5 million based on official
year-end data
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