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 195 points in April 2016, hardly changed from its March value of 196 points. The one point decline was brought about by weaker Japonica prices, as quotations in both the Indica and fragrant rice segments tended to firm, supported by increases in the major Asian origins.

ˇ         There were few new rice deals in April, as leading buyers, such as the Indonesian BULOG or the Philippines NFA, remained glaringly absent from the market, while many African countries (not including Nigeria) were reported to hold large supplies. Nonetheless, there was a general strengthening of export quotations in Thailand, on concerns about the small size of the 2015 secondary crop, which lifted the Thai 100% B white benchmark price to USD 400.8 per tonne, 2.2 percent more than in March. Prices in most Asian origins also showed a tendency to increase: in Pakistan, on brisk demand; in Viet Nam, on concerns about the effects of the severe drought on  crops; and in India, on continuing government procurement purchases. In the Americas prices declined in the United States, on very limited new business, while an appreciation of local currencies against the US dollar sustained Argentina and Brazil’s rice quotations.

ˇ         According to the FAO All Rice Price Index, international rice prices have remained stable since October last year, with its April 2016 value still trailing 11 percent behind 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 95 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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