Dear Subscriber,
We are pleased to send you the new issue of the FAO Rice Price Update.
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* The FAO All Rice Price index (2002-04=100) has moved within a narrow range of 221-223 points since the onset of 2019. The Index averaged 222.0 points in May 2019, unchanged from a month earlier and confirming this general tendency. Across the major market segments, the most salient price movements took place in the fragrant market last month. Underpinned by consistent Near Eastern demand for basmati rice, the Aromatic sub-index inched up by another 0.9 percent to reach an 11-month high of 218.8 points. In contrast, the Higher Quality Indica and Japonica sub-indices shed close to one point each during May, while the Lower Quality Indica sub-index held mostly steady.
* May export quotations of Indica rice were steady to weaker across much of Asia. In Thailand and Pakistan, prices took a downturn, as a slow pace of sales offset support provided by currency movements in both countries. In India and Viet Nam, quotations of white rice proved more resilient, stabilising around April levels, although the firmness did not extend to India's parboiled market. May values of Indian IR36 5% parboiled rice dipped by 3.7 percent to USD 368 per tonne, as a slow pace of sales to West Africa was compounded by prospects of even lower shipments to Bangladesh following import duty hikes in that country. In the Americas, prices changed little in Argentina and Uruguay, while they strengthened in Brazil due to lower domestic sales of paddy. By contrast, US long-grain quotations eased to a year low, despite a late month boost provided by a deal with Iraq and concerns over planting delays or cuts triggered by overly wet conditions.
* According to the Index, international rice prices in the first five months of 2019 were 2.3 percent below their levels in the corresponding period of 2018.
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For more information on prices, you can refer to the Food Price Monitoring and Analysis Tool (http://www.fao.org/giews/pricetool/), which gives access to quotations of major traded products, including the high quality Thai white rice 100% B and the 100% broken rice Thai A1 Super, from 2000 onwards. The site also hosts domestic (retail or wholesale) prices for major food commodities in 89 countries.
You may also be interested in:
* The FAO Rice Market Monitor: http://www.fao.org/economic/RMM/
* The FAO World Food Situation portal, in particular the monthly update on the World Cereal Supply and Demand Situation and Outlook: http://www.fao.org/worldfoodsituation/en/
* The Monthly News Report on Grains: http://www.fao.org/economic/est/publications/grains-publications/monthly-news-report-on-grains-mnr/en/
* The Oilcrops Monthly Price and Policy Update (ten issues per year): http://www.fao.org/economic/est/publications/oilcrops-publications/oilcrops-monthly-price-and-policy-update/en/
* Meat and Meat Products - Price and trade update (four issues per year): http://www.fao.org/economic/est/est-commodities/meat/meat-and-meat-products-update/en/
* Milk and Milk products - Price and trade update (four issues per year): http://www.fao.org/economic/est/est-commodities/dairy/milk-and-milk-products/en/
Kind regards,
Shirley Mustafa
Economist
Trade and Markets Division
Food and Agriculture Organization of the United Nations
Viale delle Terme di Caracalla, Rome, Italy
D-808
Tel. 39-06-570 52202
e-mail: [log in to unmask]<mailto:[log in to unmask]>
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