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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 Dec 2018 09:01:46 +0000
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Dear Subscriber,

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


*         The FAO All Rice Price Index (2002-04=100) averaged 213.8 points in November 2018, down 1.2 percent from a revised October level of 216.4 points and representing a 14-month low. Last month's decline was the result of a 1 percent fall in the Higher and Lower Quality Indica Indices and a 2.4 percent retreat in Japonica quotations. By contrast, the Aromatica Index rose by 1.3 percent, underpinned by expectations of reduced fragrant harvests in India and Thailand, along with a strengthening of the Indian Rupee.


*          With a few notable exceptions, November quotations of Indica rice were seasonally down across much of Asia. Prices faltered the most in Pakistan, sliding to 23-month lows, as new crop arrivals compounded on downward pressure exerted by lackluster demand and another Rupee depreciation. Thai quotations also took a downturn, amid improved supplies from new crop harvests and heightened competition for markets. Instead, public domestic purchases and currency movements sustained an uptick in Indian offers, despite a late month government decision extending a 5 percent duty credit scrip to non-basmati exports for four months. Expectations of sales to the Philippines also prolonged price gains in Viet Nam, even though an otherwise quiet market capped increases. In the Americas, Indica values held broadly steady in Argentina, the United States and Uruguay, while US medium-grain prices subsided for the fifth successive month, amid efforts to secure sales in the Far East. Quotations also softened in Brazil, pressured by subdued local demand and a weaker Real.



*          According to the Index, international prices in November 2018 were 2.2 percent below their level a year earlier. On an annual basis, however, January-November quotations remained 9.7 percent above their level in the corresponding period of 2017.


Since this will be the last bulletin we issue this year, we take this opportunity to wish you a joyful and prosperous 2019!

_________________
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 87 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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