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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, 3 Oct 2019 08:00:04 +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) average of 227.5 points in September 2019, virtually unchanged from its value a month earlier. September prices of higher quality Indica rice were slightly weaker (-0.5 percent) month-on-month, but a 0.5 percent increase in aromatic prices compensated for their decline. Quotations in the Lower Quality Indica and Japonica segments held steady.



*         With the exception of Pakistan, where an appreciating Rupee and seasonal tightness raised export prices, September quotations of Indica rice were steady to weaker across much of Asia. A soft undertone was most evident in Viet Nam, where quotations of 5% broken rice dipped by 6 percent to 12-year lows, influenced by a slowdown in sales and news that officials in the Philippines are contemplating imposing safeguard measure on rice imports. Lackluster demand also weighed on quotations in India, particularly in the parboiled segment, where Nigeria's partial closure of borders with Benin since late August added uncertainty. Sentiment was firmer in the Americas. In the United States, long-grain values remained close to the seven month-highs reached in August, underpinned by previous sales and deteriorated prospects for the ongoing 2019 harvest. Meanwhile, Iraqi purchases countered the effects of currency depreciations in the major South American exporters, sustaining a 1 percent uptick in offers by these origins.


*         According to the Index, international rice prices in September 2019 were 2.4 percent above their level a year earlier, largely reflecting supply constraints affecting Australia and the Indian and Thai fragrant segments. These have raised the Aromatic and Japonica sub-indices 9.8 and 4.3 percent over September 2018 levels, respectively, overshadowing a 2.5 percent decline in quotations of the most-widely traded Indica varieties driven by generally weak demand.


_____________

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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