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) gained another 3.7 point (2.0 percent) in February to arrive at an average of 194 points. As in January, the increase was driven by higher basmati prices, which lifted the value of the Aromatica Index 11 percent month-on-month to a 22-month high of 187 points. The Lower Quality Indica Index also edged up by 1.4 percent, while quotations of Japonica and higher quality Indica rice remained largely unvaried.

 

·         Looking at the major origins, prospects of greater sales to the Islamic Republic of Iran continued to lend support to basmati quotations in both India and Pakistan. Non-fragrant prices also extended gains in India, as a stronger Rupee added to upward pressure exerted by an upbeat pace of Government procurement. In Viet Nam, mild support was provided by thin availabilities ahead of the winter-spring harvest, combined with disruptions caused by excess rains. Instead, export prices retreated in Thailand, where benchmark Thai 100%B white rice was quoted 2 percent below its January level at USD 384 per tonne. The weakness reflected generally slow demand and anticipation of increased availabilities following the resumption of Government stock releases in mid-February. In the Americas, prices were stable to higher in the major South American origins, where 2017 harvests are now ongoing, while limited buying interest kept quotations in the United States subdued and close to January levels.

 

·         According the FAO All Rice Price Index, international prices in the first two months of 2017 were 2.1 percent below their corresponding level in 2016. The weakness mirrored softer prices of higher quality Indica and Japonica supplies, while quotations of lower quality Indica rice and, especially, fragrant supplies have tended to firm.

 

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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 98 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-80
8
Tel. 39-06
-570 52202
e-mail:
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