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From:
Rice-Network <[log in to unmask]>
Reply To:
Rice Market Information Exchange <[log in to unmask]>
Date:
Thu, 2 May 2019 08:03:23 +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 222.2 points in April 2019, virtually unchanged from its value a month earlier. The most notable development in April concerned the Aromatic Index. It rose by 2.7 percent to an 8-month high of 217.2 points, buoyed by firming basmati quotations in the context of inflationary pressure in Pakistan and preparatory purchases ahead of Ramadan. The Lower and Higher Quality Indica Indices also strengthened by around one point, each. On the other hand, the Japonica Index subsided by 1.0 percent, following the retreat of Japan and the Republic of Korea from the market and a turn of weather that raised planting expectations in California.



*         April quotations of Indica rice tended to increase across much of Asia, except in India and Myanmar, where prices dipped on poor buying interest and pressure from offseason harvests. In Thailand, concerns over water supplies for irrigation lent support to export prices, whereas gains in Pakistan came in the wake of increases to fuel costs and sales to East Africa and China. With the end of the winter-spring harvest in sight, demand from Filipino buyers also prolonged the recovery of Vietnamese export values. In the Americas, long-grain prices edged down in the United States, amid disappointment over no US awards in an Iraqi tender, while they held steady in Uruguay. Instead, they strengthened in Brazil, underpinned by a resumption of sales to Iraq and Venezuela, and in Argentina, thanks to interest from regional buyers.


*         According to the Index, despite recent months' slight firmness, international rice prices between January and April 2019 were on average 2.2 percent below their level in the corresponding period of 2018.
_____________

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 90 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]>
[FAO_logo_Blue_2lines_en_firmaemail]



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