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:

*         The FAO All Rice Price Index (2002-04=100) shed another 3.9 points (2 percent) in October 2016 to arrive at an average of 186 points. Export prices faltered in all the major rice market segments last month, amid harvest pressure and lingering thin demand. The most pronounced reduction concerned Higher Quality Indica rice, with its Index down 3 percent month-on-month. Falls were in the order of 2 percent for both Japonica and Aromatica prices, while tight availabilities of brokens limited losses in the Lower Quality Indica segment to 1 percent.



*         Looking at the various origins, quotations in Thailand were under the most downward pressure in October.  Benchmark Thai 100%B slid by a further 6 percent to USD 375 per tonne, weighed by a slow pace of sales, a depreciating Baht and new crop arrivals. Despite some concerns over the quality of freshly harvested Indica rice, quotations in the United States also lost ground, mirroring a lack of substantive sales other than to regular outlets. Export prices also continued to recede in Pakistan and in the major South American suppliers. Instead, expectations of sales to the Philippines provided limited support to quotations in Viet Nam, with subdued buying interest also capping gains in India, where a thinning of supplies and ongoing government purchases had underpinned some price advances.



*         According the FAO All Rice Price Index, international prices in the first ten months of 2016 were 9 percent lower than their corresponding level in 2015, mostly mirroring weaker Aromatic and Japonica prices. Indica prices have proved somewhat more resilient, primarily reflecting firmer Thai and Pakistani quotations, especially for fully broken supplies.

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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 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-808
Tel. 39-06-570 52202
e-mail: [log in to unmask]<mailto:[log in to unmask]>

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