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 (2002-2004=100) averaged 218.7 points in November 2017, up 1.1 percent from October and its highest level since March 2015. A combination of stronger buying
interest and currency movements caused November quotations to strengthen in all the major rice market segments, with the exception of the Aromatica market. In the latter, prices receded by 1.7 percent month-on-month, reflecting pressure exerted by new crop
arrivals in Pakistan and Thailand.
·
November quotations of Indica white rice were steady to firmer in Asia. In Thailand, benchmark 100% B white rice rose by 3 percent to USD 424 per tonne, underpinned by a stronger Baht and
the launch of Government programs encouraging the deferral of paddy sales for 2-6 months. Sentiment tended to be less firm in the parboiled market. Despite continued firm demand from South Asian buyers and stronger currencies, parboiled values steadied in
Thailand, while they fell in India following the arrival of freshly harvested supplies. In the Americas, Indica quotations were stable in the United States and Argentina, while they rose in Brazil and Uruguay, amid progressively thinning availabilities. Additional
support in Brazil stemmed from a stronger Real and in Uruguay by sales to the Near East.
·
According to the FAO All Rice Price Index, international rice prices in November 2017 were 18 percent above the nine-year lows touched in November 2016. Prices of all the major traded qualities
have recovered over the past twelve months, with particularly strong increases concerning fragrant rice (+37-51 percent) and medium-grain quotations in the United States (+42 percent). Gains have been more limited in the Indica market (+8-14 percent), especially
for lower quality supplies, mirroring lacklustre demand for lower quality Indica in Asia and ample availabilities of brokens in Thailand.
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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 89 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]

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