Noticias Generales
FAO Rice Price Update December 2017

 

The FAO All Rice Price Index (2002-2004=100) averaged 218.7 points in November 2017, up 1.1 percent from October and its highest level since March 2015. A combination of stronger buying interest and currency movements caused November quotations to strengthen in all the major rice market segments, with the exception of the Aromatica market. In the latter, prices receded by 1.7 percent month-on-month, reflecting pressure exerted by new crop arrivals in Pakistan and Thailand.

·         November quotations of Indica white rice were steady to firmer in Asia. In Thailand, benchmark 100% B white rice rose by 3 percent to USD 424 per tonne, underpinned by a stronger Baht and the launch of Government programs encouraging the deferral of paddy sales for 2-6 months. Sentiment tended to be less firm in the parboiled market. Despite continued firm demand from South Asian buyers and stronger currencies, parboiled values steadied in Thailand, while they fell in India following the arrival of freshly harvested supplies. In the Americas, Indica quotations were stable in the United States and Argentina, while they rose in Brazil and Uruguay, amid progressively thinning availabilities. Additional support in Brazil stemmed from a stronger Real and in Uruguay by sales to the Near East.

·         According to the FAO All Rice Price Index, international rice prices in November 2017 were 18 percent above the nine-year lows touched in November 2016. Prices of all the major traded qualities have recovered over the past twelve months, with particularly strong increases concerning fragrant rice (+37-51 percent) and medium-grain quotations in the United States (+42 percent). Gains have been more limited in the Indica market (+8-14 percent), especially for lower quality supplies, mirroring lacklustre demand for lower quality Indica in Asia and ample availabilities of brokens in Thailand.

 

 

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