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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, 6 Feb 2020 09:01:25 +0000
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Dear Subscriber,

We are pleased to send you the new issue of the FAO Rice Price Update.

_________________


*                    After stabilizing at a value of 221.7 points in December 2019, the FAO All Rice Price Index (2002-04=100) edged up by 1.5 percent (3.2 points) during January 2020 to an average of 224.9 points. January quotations moved up in all the major rice market segments, but in particular in the higher quality Indica segment, whose index rose 2.8 percent over December levels to a 19-month high of 200.2 points.


*                    Even though buying interest remained generally subdued during January, export quotations firmed across much of Asia, sustained by easing harvest pressure and concerns over the lingering impact of erratic summer rains on some suppliers' production. This was especially the case in Thailand, where low water supplies for irrigation cast a shadow on offseason plantings,  raising January offers of Thai 100%B white rice to USD 468 per tonne, up 4 percent from December and their highest level since May 2018. Quotations also registered marked monthly gains in Pakistan, underpinned by higher transport costs and expectations of greater sales to China, following news of China agreeing to enlarge an import quota for Pakistani rice. The market undertone was also firm in the Americas, with tight availabilities and steady sales sustaining a fourth-successive monthly advance in prices of US N.2 4% long-grain rice, while raising values in Brazil to two-year highs.


*                    According to the Index, international rice prices in January 2020 were 0.7 percent above their level a year earlier, reflecting stronger Indica prices. This is even if, Indica quotations in the five major origins have moved in different directions when compared to their respective levels a year earlier, rising in the case of Thailand, Pakistan and the United States owing to production shortfalls and/or currency movements, while they declined in India and Viet Nam on 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 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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