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Export prices of parboiled rice rise in India, Thailand, Vietnam
Release Time:
2022-09-25 21:26
Indian rice export prices rose to their highest since June 2021 on tight supplies and a stronger rupee. Parboiled rice with 5% breakage in India is being offered at $367-375/t, the highest level since June 24, 2021, up from $359-363/t a week ago. Exporters say processors are concentrating on producing finished white rice and parboiled rice supplies are very limited. A stronger rupee also supported rice prices. A stronger rupee usually reduces export profits for traders.
Thailand's 5% broken rice offers rose to their highest level since mid-July 2021 at $404-405/t, up from $390-402/t a week ago, as demand improved. The price of rice rose slightly as exporters increased rice purchases to fulfill contracts signed before the New Year, Bangkok-based traders said. According to data from the Ministry of Commerce of Thailand, Thailand exported 5.39 million tons of rice from January to November 2021, a year-on-year increase of 2.6%.
Vietnam's rice export price range has expanded. The price of 5% broken rice is 395-405 US dollars / ton, compared with 395-400 US dollars / ton a week ago. Traders said that domestic traders reduced their purchases because of slow rice sales. According to Vietnam Customs data, Vietnam's rice exports in 2021 will be 6.24 million tons, a year-on-year decrease of 0.2%. Rice exports in December were 490,000 tons, down 13.4% from the previous month.
Relevant Information
09-26
National Grain and Oil Information Center
State Grain and Oil Information Center reported on January 12: On January 11, soybean oil futures prices on the Dalian Commodity Exchange fell, with the main contract closing down 0.52% to 9,114 yuan/ton. The market price of first-class soybean oil in coastal areas is 9,740-10,080 yuan/ton, down 40-100 yuan/ton from the previous day. Among them, the quotation in North China is 9740-9760 yuan/ton, the quotation in East China is 9780-9970 yuan/ton, and the quotation in South China is 9950-10080 yuan/ton. Recently, the price of soybean oil fluctuated strongly, and downstream buyers were more active in purchasing, and the transaction was acceptable.
09-26
Thai rice export prices largely stable over the past month
Prices for most finished rice in Thailand have remained largely stable over the past month, according to the U.S. Department of Agriculture's January Rice Market Outlook report. The baht was slightly stronger, offsetting weaker demand during the holiday season.
09-26
The pattern of soaring grain prices in the first half of the year is still difficult to change
On January 17, data released by the National Bureau of Statistics showed that my country's total grain output last year was 682.85 million tons, an increase of 13.36 million tons or 2.0% over the previous year. In terms of varieties, the output of paddy was 212.84 million tons, an increase of 0.5%; the output of wheat was 136.95 million tons, an increase of 2.0%; the output of corn was 272.55 million tons, an increase of 4.6%; the output of soybean was 16.4 million tons, a decrease of 16.4%.
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