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From:
Rice-Network <[log in to unmask]>
Reply To:
Rice Market Information Exchange <[log in to unmask]>
Date:
Wed, 5 Jul 2017 07:57:54 +0000
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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 (2002-04=100) rose for the seventh consecutive month in June 2017 to reach 209 points, up 7.3 points (4 percent) from its value a month earlier. Price increases were most pronounced in the long-grain segment last month, with brisk demand lifting the value of the Higher and Lower Quality Indica Indices by 12 points, each. Japonica prices also continued to regain ground, amid deteriorating crop prospects in California. Instead, the Aromatic Index eased by 1 percent month-on-month, as demand for Basmati rice tended to slow.



*         Export prices made further inroads in all the major Asian origins during June, as suppliers remained busy meeting the rush in orders placed by countries such as Iraq, Iran and Bangladesh in recent weeks. Expectations of additional purchases by the Philippines, Sri Lanka and Bangladesh tended to accentuate gains. It was only towards the latter part of the month that prices subsided somewhat, amid easing pressure to secure supplies and a lack of fresh interest. In the Americas, a sale to Iraq provided a further boost to long-grain quotations in the United States, which had already found support on continued concerns over flood-losses and a good pace of shipments. An upbeat pace of sales also underpinned quotations in Argentina and Uruguay, while prices took a downturn in Brazil, amid limited buying interest and currency movements.



*         According to the FAO All Rice Price Index, international prices in the first half of 2017 were on average 0.6 percent above their level in the first semester of 2016. The relative stability masks contrasting trends across the major origins, with quotations up in India and Pakistan, remaining steady to lower in Thailand and Viet Nam, but noticeably weak in the United States.
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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 91 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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