Dear Subscriber,

 

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

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Brief commentary of the month:

ˇ         The FAO All Rice Price index (2002-04=100) shed another 2 points (0.7 percent) in August, hitting a value of 209 points. The drop reflected a 2 percent slide in the lower and higher quality Indica sub-indices, while those tracking Japonica and aromatic rice quotations remained steady. In the aromatic market segment, India and Pakistan’s basmati prices rebounded somewhat in August, compensating for a  continuing drop in Thailand, where the fragrant 100% B quotation fell below USD 1000 per tonne for the first time since May 2011

 

ˇ         Slow import demand and currency movements weighed on export quotations of the major suppliers. At USD 382 per tonne, the benchmark Thai 100%B white rice price was down by 5 percent in August,  reflecting both a softening of demand and the devaluation of the baht against the US dollar. Market weakness also impacted prices in other origins in Asia, particularly Pakistan and Viet Nam, and in South America, while prices held steadier in the United States and Australia. 

 

ˇ         According to the FAO All Rice Price Index, international rice prices averaged 8.7 percent lower over January-August 2015 compared with the corresponding period in 2014. The slide was steepest for aromatic rice prices, which were 30 percent cheaper year-on-year.

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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 92 countries.

You might also be interested to visit:

ˇ         Quarterly Rice Market Monitor: http://www.fao.org/economic/est/publications/rice-publications/rice-market-monitor-rmm/en/ 

ˇ         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/

ˇ         The Monthly News Report on Grains: http://www.fao.org/economic/est/publications/grains-publications/monthly-news-report-on-grains-mnr/en/

ˇ         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/

ˇ         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/

ˇ         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,

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:
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