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 1-4 percent due to larger available supplies during the peak harvest, particularly for new crop white and fragrant rice.
Ponnarong Prasertsri, Agricultural Specialist Paul Welcher, Agricultural Attaché
Weekly Rice Price Update
Rice Price - Weekly
Thailand
TH7151
11/14/2017
Post:
Author Defined: Market Tone
Export prices for premium white and fragrant rice declined 1-4 percent due to larger available supplies of main crop rice during the peak harvest. Traders expect that the harvest of the fragrant and white rice crops will be mostly complete by mid-December. The government has suspended the sales of the remaining government stocks of 0.7 – 0.8 million metric tons in an effort to prevent declining domestic prices during the peak harvest.
Rice Export Update
Unofficial and preliminary rice exports (excluding premium white and fragrant rice) for October 30 – November 5, 2017, totaled 190,599 metric tons, down 11,877 metric tons from the previous week and down 14,689 metric tons from the four-week moving average of 205,288 metric tons (Table 2). Rice exports from January 1 – November 5, 2017, totaled 7,725,634 metric tons.
End of Report.
