THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY
Export prices declined 1-2 percent as supplies of new crop rice are gradually entering the market.
Ponnarong Prasertsri, Agricultural Specialist Paul Welcher, Agricultural Attaché
Weekly Rice Price Update
Rice Price - Weekly
Thailand
Post:
Market Tone
Export prices declined 1-2 percent from the previous week as supplies of new main crop rice are
gradually entering the market. Foreign buyers are reportedly delaying their purchase as prices are under downward pressure, particularly for fragrant rice. Farmgate prices for fragrant rice paddy declined significantly this week, partially reversing the large hike in prices that occurred between July to September 2017.
Rice Export Update
Unofficial and preliminary rice exports (excluding premium white and fragrant rice) for October 16-22, 2017, totaled 251,974 metric tons, up 75,870 metric tons from the previous week and up 51,765 metric tons from the four-week moving average of 200,209 metric tons (Table 2). Rice exports from January 1 – October 22, 2017, totaled 7,332,559 metric tons.
End of Report.
