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United States Department of Agriculture
Foreign Agricultural Service
Circular Series
FG 1109
November 2009
Grain:  World Markets and Trade

RICE: WORLD MARKETS AND TRADE

PRICES:

Text Box:  

International:  Quotes for Thai 100B went up by $6 this month to $528 per ton, FOB, partly on the announcement that the government will purchase up to 2 million tons.  

Domestic Long Grain:  U.S. #2/4 long grain milled rice quotes remained at $511 per ton, FOB, this month.  Thai and U.S. prices had moved opposite of each other since the beginning of the year.  However, since the end of August, prices have remained comparable despite market developments and changing Thai policies.     

Domestic Medium Grain: California medium grain #1/4 quotes lost another $35 per ton this month to reach $790, FOB, as a large crop is coming off.  The price gap between U.S. #2/4 and U.S. #1/4 continues to narrow.   

SELECTED TRADE CHANGES  

  • Vietnam’s 2009 exports are raised 100,000 tons to 5.8 million based on the pace of registrations and exports. 
  • Afghanistan’s imports are raised 100,000 tons to 250,000 for 2009 and 2010.  The smaller 2009 crop necessitated purchases that are expected to continue into 2010. 
  • Bangladesh’s 2009 imports are slashed 325,000 tons to 175,000 on updated trade data.   
  • India’s imports are expected to reach 200,000 tons in 2009 and 2010 because of production losses caused by the below normal monsoon.
  • Nigeria’s 2009 imports are bumped 300,000 tons to 1.9 million on late-season shipments. 
  • Philippines’ imports are boosted 200,000 tons to a record 2.6 million for 2010 on typhoon-related damages to the rice crop.

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