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| United States Department of Agriculture |
| Foreign Agricultural Service |
Circular Series
FG 0408 |
| April 2008 |
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Grain:
World Markets and Trade
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RICE: WORLD MARKETS AND TRADE
PRICES:
International:
Thai quotes jumped $356, or more than 70
percent, from last month to $855 FOB, as
exportable supplies remain tight and worldwide
concerns over food security drive up export
prices. Vietnam is not quoting prices due to an
export ban, which leaves Thailand and the United
States as virtually the only game in town.
Domestic:
U.S. #2/4 long grain milled rice quotes are
up from last month to $787 per ton, FOB. Thai
quotes are $68 above U.S. quotes compared to the
same time last year when Thai quotes were $93
below. California medium grain #1/4 prices are
up $125 per ton from last month to $750 per ton,
FOB.
TRADE CHANGES FOR
2008
Selected Exporters
- Burma is doubled to 400,000 tons as
high world prices draw more supplies onto
the market.
- Cambodia’s
exports are gutted by
300,000 tons to 150,000 due to an export
ban.
- China
is dropped 300,000 tons to 1.0
million with the imposition of export taxes
and concerns over food price inflation.
- Egypt, India
and Vietnam are
lowered due to export bans.
Selected Importers
The imports for
Brazil, Cambodia, China, Cuba, Ghana,
Mozambique, Nigeria, and
Vietnam are decreased because of high world
prices and tight supplies.
- Indonesia is lowered 500,000 tons to
1.1 million as increased domestic production
reduces the need for imports.
- Iraq is reduced 200,000 tons to
900,000 on account of the slow pace of
purchases.
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