Dear Subscriber,
We are pleased to send you the new issue of the FAO Rice Price Update:
Brief commentary:
ˇ In August 2014, the FAO All Rice Price Index (2002-2004=100) averaged 242 points, which compares with 238 points in July, marking the third month of uninterrupted rises. Prices advanced in all market segments except that of Japonica, where they remained stable. Prices of the lower quality Indica rice (defined as containing at least 20% brokens) showed most strength, rising by 3.4 percent from July, followed by aromatic rice, which gained 2.3 percent, and the higher quality Indica, with 1.5 percent.
ˇ The tendency for prices to firm was common to virtually all Asian origins, reflecting a shortening of supplies ahead of major harvests due in the last quarter of the year and brisk import demand. Failure by Thailand to release large volumes from government stocks starting in August, as originally announced, contributed to the market tightness and price strength. Prices were more subdued in the Americas, where they tended to recoil, although in absolute terms American rice remains substantially dearer than Asian rice.
For more information on prices, you may wish to consult the International Commodity Price Database http://www.fao.org/economic/est/statistical-data/est-cpd/en/, which gives access to weekly prices of major traded products, including the high quality Thai white rice 100% B and the 100 % broken rice Thai A1 Super, from 1989 onwards. Monthly international and domestic prices for rice and other selected commodities in 83 countries are available through the Food Price Data and Analysis Tool (http://www.fao.org/giews/pricetool/).
You might also be interested to visit the FAO World Food Situation portal, which provides monthly updates on the World Cereal Supply and Demand Situation and Outlook (http://www.fao.org/worldfoodsituation/en/).
Kind regards,
Concepción
Concepción Calpe
Senior Economist,
Secretary, Intergovernmental Group on Rice
Trade and Markets Division
Food and Agriculture Organization of the United Nations
Viale delle Terme di Caracalla, Rome, Italy
D-803
Tel. 39-06-570 54136
Fax 39-06-570 54495
e-mail: [log in to unmask]
To unsubscribe from the Rice-Market-L list, click the following link:
&*TICKET_URL(Rice-Market-L,SIGNOFF);