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 by 5.5 points (2.5 percent) in January 2018 to a 38-month high of 225.0 points. Prices increased in all the major rice market segments during January. However, gains were most evident in the higher and lower quality Indica markets, where strong Asian demand lifted prices by 3.9 and 5.0 percent, respectively.
* The year began on a strong note in the main Asian origins. In Thailand and Viet Nam, quotations of Indica rice jumped by up to 7 percent month-on-month, spurred by Indonesian purchases and, to a lesser extent, sales to Malaysia. Expectations that dwindling state inventories would encourage the Government of the Philippines to opt for rice imports added to the firm sentiment, as did a further appreciation of the Thai Baht relative to the US Dollar. Prices also moved up in India and Pakistan, with additional support in India stemming from ongoing Government procurement and large sales to Bangladesh. In the Americas, tight availabilities caused export quotations to inch up in the United States. By contrast, despite diverging currency movements and generally subdued prospects for soon to be harvested 2018 crops, quiet trading activity kept prices in the main South American suppliers stable or mildly lower, while ample carry-overs also weighed on sentiment in Brazil.
* According to the FAO All Rice Price Index, January rice quotations were 18.3 percent above their level a year earlier. Although the tendency for prices to strengthen was apparent across all the major origins and qualities, 50-60 percent year-on-year gains in Thai fragrant and US Japonica prices were particularly noteworthy.
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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 90 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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