Browse Data and Analysis

Export prices of white and parboiled rice further declined by 1 to 2 percent while prices for fragrant rice continued to increase.

Export prices declined significantly by 5 to 10 percent as foreign buyers are waiting for new supplies of MY2017/18 off-season rice which will enter the market in the next couple of weeks.

Export prices of most grades of rice further declined 2 percent, except for fragrant rice prices which continued to increase due to tighter domestic supplies.

Post forecasts 2017/18 production at 112.5 million metric tons (mmt), Brazil’s second largest crop after the record set on the previous season.

2017/2018 corn production is forecast lower at 92 million metric tons (MMT), mainly due to reduced area for first- and second-crop corn and an expected return to normal yields.

Despite the further strengthening Thai baht, export prices of white rice declined 1 percent due to no new inquiries.