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From:
Rice-Network <[log in to unmask]>
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Rice Market Information Exchange <[log in to unmask]>
Date:
Thu, 6 Apr 2017 08:08:39 +0000
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Dear Subscriber,

We are pleased to send you the new issue of the FAO Rice Price Update.
____________________________________________________________________

Brief commentary of the month:

*         The FAO All Rice Price index (2002-04=100) averaged 194 points in March 2017, barely changed from its February level. Prices of higher quality Indica rice were under the most downward pressure last month, shedding 1.2 percent of their value due to soft demand. This decline contrasted with continued gains in basmati quotations, which lifted the value of the Aromatic Index by an additional 2.6 percent month-on-month. Prices of lower quality Indica and Japonica rice were mostly steady.



*         March export quotations were little varied in Thailand and India, despite support provided by appreciating currencies in both countries. The relative stability mirrored a timid pace of sales, with the release of government stocks exerting further downward pressure on Thai prices. Thus, benchmark Thai 100% B white rice was quoted at USD 385 per tonne in March, fractionally above February levels. By contrast, Indica quotations took a downturn in Pakistan and the United States, as sales outside of regular markets proved limited. Harvest progress similarly weighed on quotations in the leading South American exporters, especially in Uruguay. In the basmati segment, price gains mostly concerned Pakistan, reflecting strong interest from Near Eastern buyers. Sales to regular Far Eastern outlets also sustained a modest advance in medium-grain quotations in the United States, while in Viet Nam prices continued to gather strength following delays in the winter-spring harvest.



*         According to the FAO All Rice Price Index, international prices in the first quarter of 2017 were 1.6 percent below their year-earlier levels. Among the five leading rice origins, the sharpest declines concerned quotations in the United States, followed by those of Thailand and Viet Nam. By contrast, export prices were stronger in India and Pakistan, especially for basmati supplies.
____________________________________________________________
For more information on prices, you can consult 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 98 countries.
You might also be interested to visit:
*      The FAO Rice Market Monitor (four issues per year): 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

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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