Rice Price - Weekly_Bangkok_Thailand

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY

USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT

POLICY

Date:

GAIN Re

port Number:

Approved By:

Prepared By:

Report High

lights:

TH 3008

–

Export prices increased around 1 percent due to concerns over the strengthening of the Thai

Baht.

Exportable supplies remain tight as current rice paddy pledges almost double.

Ponnarong Prasertsri

,

Agricultural Specialist

Re

y Santella, Agricultural Attaché

Weekly Rice Price Update

Rice Price

-

Weekly

Thailand

TH3008

1/15/2013

Required Report

-

public distribution

Post:

Author

Defined:

Market Tone

Table 1: Export Prices (FOB) for various grades of Thai rice (USD/MT), Week ending Jan 14, 2013

Quality

Exporter Observations

Period Average

#1

#2

#3

#4

#5

#6

#7

CUR.

PRV.

F WR 100

B

1,155

-

1,100

-

1,080

1,100

-

1,109

1,079

WR 100 B

595

-

580

-

575

560

580

578

571

PB 100%

590

-

580

575

580

574

PB 5%

585

-

575

-

570

575

569

WR 5%

580

-

570

-

565

550

570

567

561

WR 10%

-

545

-

545

540

WR 15%

-

540

-

540

535

WR 25%

-

535

-

535

530

WR 35%

-

A1 SUP

-

530

-

530

537

A1 SPEC

-

Exchange rate: 30.0 baht

/U.S.$

Source: Average actual prices received from exporters

Export prices increased around 1 percent due to the strengthening of the Thai Baht vis

-

à

-

vis the U.S.

dollar (29.9 baht/US compared to around 30.3 baht/US in the previous

week).

Despite steady domestic

prices, exporters increased their prices ($5

-

10/MT higher) to

minimize possible

foreign exchange losses

from the appreciation of the Thai Baht.

In addition, exportable supplies remain tight as rice paddy

pledges under the c

urrent MY2012/13 main

-

crop Paddy Pledging Program increased to an estimated 8.8

million metric tons (roughly 5.8 million metric tons milled equivalent) from October 1

–

January 10,

2013, which is almost double the amount the government received during the

same period last year.

Rice Export Update

Unofficial rice exports (excluding fragrant rice) for January 7

-

13, 2013 totaled 94,996 metric tons, up

41,556 metric tons from the previous week.

Exports of white rice and parboiled rice from January 1

–

13, 20

13 total

ed

148,435 metric tons, down 1.1 percent (150,089 metric tons) from last year.

Bangkok