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United States
Department of
Agriculture |
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Foreign
Agricultural
Service |
Circular Series
FG 1010 |
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October 2010 |
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Grain: World Markets
and Trade
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RICE: WORLD MARKETS AND TRADE

PARBOILED MARKETThai parboiled
exports have been expanding for several years,
while white rice exports have dropped off since
2008. India’s export ban, relatively higher
U.S. prices, and insufficient quantities from
other suppliers have enabled Thailand to
dominate the global parboiled market. In just 3
years, Thailand’s share of global parboiled
exports jumped from one-third to 90 percent.
This contrasts with the white rice market, where
Thailand has lost market share to lower-priced
Vietnamese rice and has struggled to compete
with historically higher-priced U.S. rice. If
India lifts its export ban or cheaper suppliers
such as Pakistan increase parboiling capacity,
these dynamics could shift somewhat. For now,
however, Thailand seems to have found its niche.
PRICES
Thai 100B quotes, up $20 this month, have once
again converged with U.S. #2/4 quotes, which
surged $55 to reach $500 per ton, FOB. Whether
U.S. quotes will continue on par with Thai
quotes remains to be seen considering the
disconnect between Thai prices and current
market developments
TRADE CHANGES
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Indonesia’s imports are raised
200,000 tons to 700,000 for 2010 and 150,000
tons to 400,000 for 2011 as the government
is considering purchases from Thailand and
Vietnam.
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Guinea’s imports are dropped 130,000
tons to 200,000 for 2010 and 150,000 tons to
225,000 tons for 2011 on expanded production
and the slow pace of imports this year.
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