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 226.6 points in August 2019, up 1.1 percent from a revised value of 224.1 points for July 2019. Across the major market segments, the most pronounced price increase took place in the fragrant market during August, lifting the Aromatic sub-index by 3.8 percent month-on-month to its highest since October 2014.  Prices of higher and lower quality Indica rice also edged up by about 1 percent, each, while Japonica quotations levelled off.



*         Even though fresh demand remained limited during August, export quotations strengthened in most Asian origins and segments, reflecting thinning availabilities ahead of major crop harvests. In Thailand, the seasonal tightness was exacerbated by concerns over the impact of rainfall shortfalls on 2019 crops. Although the firmness affected most Thai qualities, it was especially evident in the Thai glutinous market, where August prices of 10% glutinous rice surged 34 percent over July levels to a high of USD 1 424 per tonne. A Rupee recovery also contributed to gains in Pakistan, as did efforts to fast-track deliveries to the Philippines in Viet Nam, given fears of potential import restrictions being applied in the Philippines during the country's harvest months. The undertone was also firmer in the United States' long-grain market even as the 2019 harvest got underway, with sentiment buoyed by previous sales to Iraq and other regular buyers. By contrast, quotations eased to four-month lows in all major South American origins, pressured by sluggish demand and currency movements.


*         Despite August's increase, according to the Index, international rice prices in the first eight months of 2019 were 2.1 percent below their value in the corresponding period of 2018.
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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-808
Tel. 39-06-570 52202
e-mail: [log in to unmask]<mailto:[log in to unmask]>
[FAO_logo_Blue_2lines_en_firmaemail]



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