Dear Subscriber,
We are pleased to send you
the new issue of the FAO Rice Price Update.
____________________________________________________________________
Brief commentary of the month:
·
The FAO All Rice Price Index
(2002-04=100) averaged 190 points in September 2016, down 5.5 points (3 percent) from its August value. Last month’s decline was again driven by Indica quotations, with higher
quality Indica supplies witnessing the steepest month-on-month slide (-11 points, or -6 percent). The fall was in the order of 4 percent for the Lower Quality Indica Index, while fragrant prices were, on average, 2 percent lower. Japonica quotations tended
to hold firmer ground, finding some support in rekindling demand in the Far East.
·
Export quotations subsided in most of the major rice origins, amid efforts to attract buyers or free room for soon-to-be harvested crops. In Pakistan and the United States, where harvests
are already underway, new crop arrivals tended to amplify pressure exerted by a slow pace of sales. Prices also continued to dip in Thailand, with the interruption of government stock auctions announced midway through the month proving only temporary support.
Benchmark Thai 100% B was quoted at a September average of USD 399 per tonne, down 8 percent from August, with Thai parboiled supplies incurring a 10 percent monthly drop. After four months of steady advances, quotations also tended to lose steam in Argentina,
Brazil and Uruguay, reflecting a downturn in sales.
·
The FAO All Rice Price Index averaged 196 points in the first nine months of 2016, down 9 percent from its corresponding value in 2015, primarily due to weaker Japonica and Aromatic quotations.
_____________________________________________________________
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 97 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-807
Tel. 39-06-570 52202
e-mail: [log in to unmask]
