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 221.7 points in March 2019, up 0.5 percent from a revised value of 220.6 points in February 2019. Prices of lower quality Indica and Japonica rice drove the Index increase, rising by around 1 percent each owing to currency movements or busy shipping schedules. The higher quality Indica and Aromatic indices held broadly steady during March.

 

·         The bearish undertone gripping Asian Indica markets in February abated last month, although the absence of substantial orders from buyers such as Bangladesh, China and Indonesia kept Asian March quotations in check, or even lowered them as was the case in Thailand. In India, a Rupee appreciation lifted March prices of Indica white rice to their highest levels since August 2018. Uncertainties regarding the renewal of the 5 percent duty credit scrip for Indian non-basmati exports beyond its 25 March expiration added to the firmness. State efforts encouraging greater local purchases of freshly harvested winter-spring rice also underpinned a partial recovery in Vietnamese offers, whereas sales to China and regular East African outlets lent support to Pakistani prices. Sentiment was less firm in the Americas. Long-grain quotations changed little in the United States, while values weakened in Argentina, Brazil and Uruguay on a combination of harvest pressure, currency depreciations and limited demand.

 

·         According to the Index, international rice prices in the first quarter of 2019 stood 2.4 percent below their levels in the corresponding period of 2018. Among the major qualities and origins, the steepest falls (ranging from -11 to -20 percent) have concerned Indica and fragrant values in Viet Nam and Pakistan, whereas prices of Thai Jasmine and fully broken rice have increased (by 4 to 5 percent).

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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 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-80
8
Tel. 39-06-570 52202

e-mail:
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