Dear Subscriber,
We are pleased to send you the new issue of the FAO Rice Price Update.
____________________________________________________________________
·
The FAO All Rice Price Index (2002-04=100) averaged 202 points in May 2017, up 1.8 percent from April and breaching the 200 point mark for
the first time since October 2015. Price gains were witnessed in all the major rice market segments last month. However, the strength was most evident for Higher Quality Indica prices, which rose 4 percent month-on-month.
·
With the exception of South American suppliers, quotations strengthened in all the major rice origins in May. The steepest increase occurred in Thailand, where benchmark Thai 100%B white
rice reached a 9-month high of USD 430 per tonne. The 9 percent monthly leap coincided with the return of flood-affected Bangladesh into the market, at a time when suppliers were already busy fulfilling orders reached ahead of Ramadan. News of imminent purchases
by the Philippines tended to add to the bullish sentiment. The firmness affected most qualities of Thai rice, with the exception of fully broken supplies, influencing also market sentiment in alternate origins. This was especially the case of India, Pakistan
and Viet Nam, with prices in the latter finding further support in the renewal of a G2G accord to supply Bangladesh. Quotations also reached 8-month highs in the United States, as tight availabilities were exacerbated by concerns over the impact of extensive
floods on long-grain crops in southern states and of planting delays in Japonica-producing California.
·
This latest increase brought the January-May value of the FAO All Rice Price Index to 196 points, on par with its level in the corresponding period of 2016. Compared to the first five months
of 2016, average quotations of lower quality Indica and Aromatic rice were up by 2 and 32 percent, respectively. Instead, prices remained 4 and 9 percent below year-earlier levels in the higher quality Indica and Japonica segments.
_____________________________________________________________
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 93 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]

To unsubscribe from the Rice-Market-L list, click the following link:
&*TICKET_URL(Rice-Market-L,SIGNOFF);