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) extended its stable streak into a fourth successive month in June 2019, averaging 222.2 points. The stability mirrored a continued stall in prices of Higher
Quality Indica and Japonica rice. Fragrant quotations showed more strength amid continued basmati demand from Near Eastern buyers. This lifted the June value of the Aromatic sub-Index by 1.8 percent to a 15-month high of 223.1 points. Nevertheless, this gain
was compensated by a 1.4 percent retreat in the Lower Quality Indica sub-Index to 192.0 points, reflecting harvest pressure and lackluster buying interest in this segment.
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Although demand remained generally subdued in June across Asia, quotations of Indica rice followed mixed trends in the major origins. Prices strengthened in Thailand in tandem with a further appreciation
of the Thai Baht, while they steadied in India on the backdrop of a strong pace of public domestic procurement and a slow start to the monsoon rains. By contrast, quotations eased in Pakistan amid efforts to attract buyers, and slid by 7-8 percent in Viet
Nam as freshly harvested summer-autumn rice reached the market. June’s sharp fall positioned prices of Vietnamese 25% brokens at their lowest since December 2007 and at a USD 17-103 discount to those of competing origins. In the Americas, export values were
steady to weaker, influenced, in Brazil, by weak local demand, in Uruguay, by a slow pace of exports and, in the United States, by large inventories.
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According to the Index, international rice prices in the first semester of 2019 were 2.8 percent below their values in the corresponding period of 2018, mirroring declines in all the major market segments,
with the exception of the Japonica market.
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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:
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The FAO Rice Market Monitor:
http://www.fao.org/economic/RMM/
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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]
