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 (2002-2004=100) averaged 230.4 points in May 2018, barely changed (+0.4 percent) from a revised estimate of 229.4 points for April 2018. The Lower and Higher
Quality Indica Indices edged up by 3 points each during May, following fresh purchases by Southeast Asian buyers. Conversely, lackluster demand for basmati rice caused the Aromatic Index to lose ground for the third successive month, while Japonica prices
held steady in May.
·
May quotations of Indica white rice strengthened across much of Asia, except in India and Thailand, where currency depreciations tended to cap increases. The price gains were spurred by
the launch of two tenders by the Philippines’ National Food Authority, along with renewed demand from Malaysia, at a time when various suppliers were busy concluding previous orders from Indonesia. The undertone was weaker in the parboiled segment, where in
the absence of substantial deals with African buyers, currency movements lowered Indian and Thai parboiled values. In the Americas, with fresh crop arrivals still a few months away, increasingly tighter availabilities continued to lend support to long-grain
prices in the United States. Sales to Iraq also underpinned quotations in Uruguay, while steadying those of Argentina, notwithstanding the weakness of the Argentinian Peso. Instead, May quotations of white rice took a downturn in Brazil, as exchange rate movements
eclipsed gains in local paddy prices sustained by production shortfalls and firm demand.
·
According to the FAO All Rice Price Index, international prices in the first five months of 2018 were 16.3 percent above their levels in the corresponding period of 2017.
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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 88 countries.
You may also be interested in:
·
The FAO Rice Market Monitor:
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 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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