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 (2002-2004=100) averaged 230.6 points in April 2018, up 3.4 points (1.5 percent) from March and its highest level since November 2014. Indica prices led last month's advance, rising 4-5 percent above March levels on renewed Asian demand. By contrast, lackluster buying interest weighed on Basmati values, lowering the Aromatic Index by 2 percent month-on-month. April quotations of Japonica rice remained close to March values.
* Asian prices of Indica rice were heavily influenced by the return of Indonesia and the Philippines to the international market during April. In Pakistan, export values rose by 9 percent to 57-month highs following the conclusion of a 150 000 tonne sale to Indonesia's Bulog midway through the month. In Thailand and Viet Nam, support provided by previous large deals with Bulog was amplified by the launch of much-awaited G2G import tender by the Philippines on 27 April. Although the latter eventually closed with no awards, anticipation of sales to the Philippines lifted Indica prices in both countries 4-5 percent month-on-month. Sentiment tended to be less bullish in India, where price gains were capped by Rabi arrivals and a depreciating Rupee. In the Americas, export values held steady in Argentina and Uruguay, while supply tightness continued to underpin quotations in the United States. Prices also posted a 2 percent monthly upturn in Brazil, as support provided by multiple PEP and PEPRO auctions since February set in. The auctions, combined with a fast pace of sales since the start of the year, offset downward pressure stemming from a weaker Real and harvest progress.
* According to the Index, international prices in the first four months of the year were 17 percent above their levels in the corresponding period of 2017.
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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 88 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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