Dear Subscriber,

We are pleased to send you the new issue of the FAO Rice Price Update.
_________________


*         The FAO All Rice Price Index (2002-04=100) averaged 225.1 points in October 2019, down 1.1 percent from its value a month earlier. The Index decline stemmed from easing fragrant quotations, reflecting slow demand for these varieties, but also expectations of a strong increase in Indian Basmati production. These factors translated into a 5.9 percent monthly slide of the Aromatic sub-index to 218.6 points. The Japonica sub-index also shed 1 point last month to reach 269.7 points, while the Indica sub-indices were either steady or mildly firmer.



*         In Asia, Indian and Thai prices of parboiled rice lost ground during October, as Nigeria's border closure continued and news emerged of Benin refraining from issuing transit or re-export declarations for parboiled rice destined for Nigeria. Quotations of white rice also eased in Thailand, pressured by poor buying interest, and in Pakistan due to harvest progress. The market undertone was firmer elsewhere. In India, tight availabilities kept non-parboiled values steady, seeing as the bulk of new crop arrivals were still to reach the market. Meanwhile, Vietnamese quotations rebounded by 7 percent, aided by the completion of the summer-autumn harvest and purchases from African buyers. In the case of 25% brokens, the upswing positioned Vietnamese offers just over those of Pakistan, against which they had traded at a discount since June. In the Americas, Indica prices were little varied, with regional orders, as well those of Iraq, contributing to the relative stability.



*         According to the Index, between January and October 2019, international rice prices were 1.0 percent below their level in the corresponding period of 2018, although price declines were confined to the Indica segment.
_________________
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]

########################################################################

To unsubscribe from the Rice-Market-L list, click the following link:
&*TICKET_URL(Rice-Market-L,SIGNOFF);