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Thai
Rice Export Prices
Export Prices
FOB Bangkok (as of August 2002)
|
Types of Rice
|
FOB Price
|
Types of Rice
|
FOB Price
|
| White
Fragrant Rice 100% Class A |
365 |
White
broken rice A1 super excellent |
175 |
| White
Fragrant Rice 100% Class B |
355 |
White
broken rice A1 super
|
152 |
| White
100% milled rice Class A |
222 |
White
broken rice A1 special
|
150 |
| White
100% milled rice Class B |
200 |
Cargo
rice 100% Class B |
190 |
| White
100% milled rice Class C |
195 |
Cargo
rice 5% |
175 |
| White
5% milled rice Super |
- |
Cargo
rice 10% |
170 |
| White
5% milled rice |
190 |
Cargo
rice 15% |
168 |
| White
10% milled rice |
187 |
Parboiled
rice 100% |
200 |
| White
15% milled rice |
185 |
Parboiled
rice 5% |
195 |
| White
25% milled rice super |
175 |
Parboiled
rice 10% |
190 |
| White
35% milled rice |
167 |
Parboiled
rice 15% |
180 |
| White
45% milled rice |
162 |
Parboiled
rice 25% |
170 |
| Broken
glutinous rice A1 special |
205 |
Parboiled
rice 35% |
165 |
| Glutinous
white rice 10% |
295 |
Broken
parboiled rice A1
|
160 |
Unit: US$/Metric Ton
Source: Rice Committee Board of Trade of Thailand (August 22,
2002)
Most rice prices in August 2002 have risen year-on-year. Factors
behind the price strengthening include the government’s
continuous effort for price intervention in the local market
and strong world demand. Prices of jasmine rice have skyrocketed,
with White Fragrant Rice 100% Class A and B currently trading
at $365 and $355 per ton, respectively, sharply up from $295
and $275 per ton in the same period last year. Stricter export
rules for jasmine rice put into use in late May this year have
contributed to substantial export growth of the rice as well
as the dramatic price hike. Also, the prices of white rice have
increased by approximately $20 a ton for every grade. White
100% milled rice Class B is selling at $200 per ton, higher
than $180 per ton last year, while White 25% milled rice super
is fetching $175 per ton, up from last year’s $155 per
ton.
In contrast, prices of parboiled rice in August have declined
by $15 per ton from the same month last year. Now, Parboiled
rice 100% and Parboiled rice 25% are trading at $200 and $170
per ton, respectively. The fall in parboiled rice prices could
result from tense competition from other exporting countries,
especially India, who offer relatively lower prices. Besides,
some importing countries in Africa seem saturated with the rice.
It should be noted that the price difference between Thai parboiled
rice and Indian parboiled rice is narrowing. Last year, the
prices of Thai parboiled rice were around $30-40 per ton higher
than those from India, but at present prices from both countries
are set to come close with the decline of Thai prices and strengthening
of Indian prices. The prices of Indian rice are poised to rise
in response to a policy change in August 2002, whereby sales
of subsidized rice to exporters will become more restricted.
However, parboiled rice from India is still about $20 per ton
cheaper than similar varieties from Thailand.
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