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
India’s imports are expected to reach
200,000 tons in 2009 and 2010 because of
production losses caused by the below normal
Nigeria’s 2009 imports are bumped
300,000 tons to 1.9 million on late-season
imports are boosted 200,000 tons to a record
2.6 million for 2010 on typhoon-related
damages to the rice crop.