Noticias Generales
FAO Rice Price Update October 2017

 

The FAO All Rice Price Index (2002-04=100) averaged 213.1 points in September 2017, marginally changed from a revised estimate of 212.2 points for August 2017. The Aromatica Index posted the strongest increase last month (+2.7%), underpinned by rising Hom Mali prices in Thailand. An uptick in demand also sustained a 1.0 percent increase in higher quality Indica quotations, but the opposite was the case for lower quality Indica rice, which shed 1.4 percent of its August value. Japonica prices changed little month-on-month.

·         Price increases were most evident in the Thai fragrant market last month, where thinning availabilities lifted Hom Mali prices to a 29-month high of USD 1 064 per tonne. US long-grain quotations also registered notable gains, posting their sixth successive monthly advance in response to prospects of a much-diminished long-grain crop. Prices of higher-grade Indica rice made more modest inroads in India and Thailand, as currency depreciations towards the end of the month capped support provided by firm demand from Bangladesh and African buyers. Sentiment tended to be weaker elsewhere, with harvest pressure lowering prices in Pakistan for the third consecutive month, while few fresh deals weighed on Indica values in Viet Nam. Quotations also softened in Brazil, amid increased domestic paddy sales ahead of 2018 plantings.

·         These tendencies brought the January-September average of the FAO All Rice Price Index to 202.5 points, up 3 percent from its value in the corresponding period of 2016.

 

 

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