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Rice-Network <[log in to unmask]>
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Rice Market Information Exchange <[log in to unmask]>
Date:
Thu, 5 Mar 2020 09:00:37 +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) rose by 1.4 percent during February 2020 to an average of 228.0 points. Higher and lower quality Indica prices drove the monthly increase, raising their respective indices by around 2 percent, each. The Japonica sub-index also edged up by 1.2 percent month-on-month, whilst the Aromatic sub-index changed little.



  *            Among the major Asian origins, Indica prices strengthened the most in Viet Nam. February quotations of Vietnamese 5% broken rice climbed 4.7 percent over January values to their highest level since December 2018. Strong demand from Malaysian and Filipino buyers spurred the increase, coming at a time of tight availabilities as the 2020 winter-spring harvest was just getting started. Interest from East African buyers also extended the upward streak of Pakistani offers into a third month, while a strong pace of local government procurement continued to underpin prices in India. In Thailand, a depreciating Baht and buyers’ switch to alternate suppliers exerted some downward pressure on prices, but expectations of a slump in offseason output provided little room for Thai quotations to weaken from the 20-month highs reached in January. Market sentiment also remained firm in the Americas, consistent with the generally poor outturn of 2019 crops in the continent. With attention turned to ongoing 2020 harvests in the major South American suppliers, currency depreciations kept February quotations in check in the sub-region. This is while continued interest from Central American buyers drove prices of US N.2 4% long-grain to their highest level since September 2014.



  *            According to the Index, international rice prices in the first two months of 2020 were 2.0 percent above their year-earlier levels, with the fragrant market standing out as the sole segment to have witnessed price declines relative to the first two months of 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 89 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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