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) averaged 185 points in November 2016, marginally below its October value of 186 points. The month’s small decline was the result of a 3.0 percent slide in
Aromatic quotations, reflecting the arrival of freshly harvested Thai Hom Mali rice into the market at considerably lower prices than those of old-crop supplies. Indica quotations were little varied month-to-month, while somewhat firmer buying interest supported
a mild (0.6 percent) recovery in the Japonica Index.
·
Rice export prices followed diverging trends across the major origins in November. A slow pace of sales and new crop arrivals continued to exert downward pressure on quotations in Thailand. Benchmark
Thai 100%B white rice was quoted at USD 369 per tonne, 1.5 percent below October levels and down 3.0 percent year-on-year. Declines came notwithstanding support provided by the Thai Government’s extension of the on-farm mortgaging scheme to main-crop Indica
and Pathumthani fragrant supplies, as well as sales to private sector buyers from the Philippines. Harvest pressure was similarly behind easing non-fragrant quotations in India, while subdued demand extended declines across the main South American origins.
Instead, Basmati prices rebounded in India in reaction to a lower anticipated fragrant harvest. Quotations also tended to regain ground in Pakistan amid a revival of sales, with output disruptions posed by unfavorable weather also driving partial recoveries
in Viet Nam.
·
According to the FAO All Rice Price Index, international rice prices in the first eleven months of the year were 8.3 percent below year-earlier levels, primarily reflecting weak Japonica and Aromatica
quotations.
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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]
