Dear Subscriber,
We are pleased to send you the new issue of the FAO Rice Price Update.
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The FAO All Rice Price Index (2002-04=100) averaged 211 points in August 2017, fractionally (0.2 percent) above its value a month earlier. Price movements tended to be mixed across the various rice
market segments last month. Quotations of higher and lower quality Indica rice declined, while those of Japonica rice strengthened for the fourth successive month. In the Aromatica segment, although a slow pace of trade depressed basmati quotations, these
falls were largely offset by stronger prices of Thai fragrant rice.
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Slow offshore demand weighed on export quotations across much of Asia last month. This was especially the case in Thailand, where new crop arrivals added downward pressure, and in Pakistan following
efforts to liquidate stocks ahead of harvests. Prices also weakened in Viet Nam and India, although in the former partial support was lent by a July sale to the Philippines, while currency movements tended to limit falls in India. Thai Hom Mali rice proved
a notable exception to the falling tendency in Asia, posting a 12 percent monthly gain in August. The surge positioned the quality at a 22-month high, with the strength coming in response to seasonally tightness and strong sales to Chinese and Iranian buyers,
in particular. In the Americas, prices were stable in most South American origins, but they continued to increase in the United States, influenced by a smaller expected 2017 crop.
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According to the FAO All Rice Price Index, international rice prices in the first eight months of 2017 were 2 percent above their level in the corresponding period of 2016. The increase mirrored stronger
prices of aromatic and lower quality Indica rice.
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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 92 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]
