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- (-) June 2016
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Export prices for white rice remained unchanged as the public tender for 2.2 million metric tons of old-crop rice has not yet been finalized.
Export prices remained unchanged as traders are awaiting the new public tender for 2.2 million metric tons of government stocks.
Export prices declined around 1 percent as the government is expected to issue a public tender for 2.2 million metric tons on June 15, 2016.
Export prices remained steady as traders waited for the government to finalize the bids for the 1.2 million metric tons of rice announced in the public tender issued on May 19.
The start of the MY2016/17 main-crop rice crop planting season is delayed due to the lack of water. Tight domestic supplies put upward pressure on Thai rice exports.
This report lists certificates required by Thai government agencies for U.S. products exported to Thailand.
With a large tender for government stocks announced this week, export prices for most grades of rice declined marginally
Export prices for Thai rice further declined this week $5.00-9.00/ton across the board due mainly to inactive export demand and slightly depreciated Thai currency.
Export prices were steady due to quiet trading during the Luna New Year holidays. Also, traders are awaiting the Government stocks tender on February 16-17.
MY2015/16 rice production is further revised down due to lower-than-expected off-season rice planting caused by limited irrigation availability.
Export prices increased further due to current tight domestic market supplies and concern about drought.