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) averaged 197 points in February 2016, 1 point, or 0.8 percent, more than in January. The slight increase was mainly the result of a 1.5 percent rise in the Japonica price sub-index, lifted by firming Egyptian quotations. Prices in the other market segments were little changed, as the period coincided with a subdued purchasing thrust, as several Asian countries celebrated the Chinese New Year.

ˇ         Export quotations in Thailand generally moved up, on a stronger Baht, but also on expectations of new deals, in particular with Colombia, which, eventually, failed to materialize. These factors translated into a 3.8 percent month increase of the benchmark Thai 100%B white rice to USD 389 per tonne. Prices in Pakistan were also up, on on-going sales to Africa. By contrast, they tended to soften in India, especially for basmati varieties, on very subdued import demand and despite a strong pace of purchases by the government. Prices also kept weakening in Viet Nam. The lethargic world import demand also influenced negatively the market in the Americas, with export quotations moving down in the United States, but also in Argentina, Uruguay and Brazil.  

ˇ         According to the FAO All Rice Price Index, international rice prices in February 2016 were almost 11 percent lower than in February last year. The decline was strongest for Aromatic and Japonica rice varieties, which saw their corresponding sub-indices falling by 24.3 percent and 11.6 percent respectively. Indica rice prices also receded compared to last year, but less markedly.

 

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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 94 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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