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From:
Rice-Network <[log in to unmask]>
Reply To:
Rice Market Information Exchange <[log in to unmask]>
Date:
Thu, 8 Sep 2016 10:00:38 +0200
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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) declined by 4.5 points (2.3 percent) in August to an average of 195 points, reversing all gains registered since May 2016. The fall was mostly imputable to easing long-grain quotations, as the High Quality Indica Index slid 4.0 percent below July levels, while the monthly decline was in the order of 3.1 percent for the Lower Quality Indica Index. Prices of Aromatica rice also softened by 3.0 percent, while the Japonica Index held steady at an average of 221 points.



* With the exception of South American origins, where quotations continued to firm on tight availabilities and sales to Brazil, prices in all other major origins tended to subside in August. In the absence of substantial demand from key buyers such as the Islamic Republic of Iran and Nigeria, a late August import tender for 250 000 tonnes by the Philippines failed to make a noticeable mark on prices. As a result, quotations continued to fall in Viet Nam, taking a downturn in India, Pakistan and Thailand as well. Benchmark Thai 100%B white rice slid 4.9 percent below July levels, with Thai parboiled prices incurring a steeper (11 percent) monthly drop, amid added pressure from increased paddy arrivals. Long-grain quotations also softened in the United States, notwithstanding extensive flooding problems in Southern producing states.



* According to the FAO All Rice Price Index, international rice prices in the first eight months of 2016 were 9 percent below year-earlier levels, with the steepest declines concerning Japonica and Aromatica varieties. In the Indica segment, a slight easing of prices of higher quality rice has stood against somewhat firmer lower quality Indica quotations, mirroring mainly stronger prices of fully broken 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 97 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-807
Tel. 39-06-570 52202
e-mail: [log in to unmask]<mailto:[log in to unmask]>

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