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) averaged 222.8 points in November 2019, down 1.5 percent from October and a six-month low. Fragrant prices led the November Index decline, shedding a further 6.0 percent of their value. The fall came as freshly harvested Hom Mali entered the market and unease over sales prospects to Iran added to the downward pressure already exerted on Basmati quotations by a large anticipated crop. The lower quality Indica and Japonica sub-indices also declined by 1 percent, each, amid harvest pressure and efforts to attract fresh sales. On the other hand, the higher quality Indica sub-index staged a mild (0.6 percent) monthly advance.
* Sentiment was generally weak in Asian markets of Indica rice during November, as main-crop harvests gained momentum and demand remained persistently low. In India, a weaker Rupee also contributed to price falls, which were registered notwithstanding some harvest delays and a strong start to the state's public procurement campaign. The generally quiet trading environment prevailing during the month also provided little room for Thai and Vietnamese quotations to move up, although in Viet Nam signs of a revival in Filipino buying interest lent some support to prices, as did the strength of the Baht in Thailand, combined with concerns over the impact of poor weather on production. In the Americas, US long-grain prices were little varied, whilst those of Brazil edged down in tandem with currency movements. By contrast, quotations rose in Argentina, influenced by increases in fuel costs and more general inflationary pressure, and in Uruguay on tight availabilities.
* According to the Index, international rice prices in the first eleven months of 2019 were 0.6 percent below year-earlier levels, as declines in Indica quotations were partly offset by gains in Japonica and fragrant prices.
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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 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]>
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