Thailand Rice Exports Down During January 1 - February 5, 2017

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As per preliminary rice exports (excluding premium white and fragrant rice) for January 30 -February 5, 2017, totaled 116,857 metric tons, down 82,532 metric tons from the previous week, and down 33,187 metric tons from four-week moving average of 150,044 metric tons. Rice exports from January 1 -February 5, 2017, totaled 683,071 metric tons.

Export prices declined 1-2 % in anticipation of the upcoming sale of government rice stocks. The government plans to issue a public tender for all the remaining food-grade rice stocks of 2.9 million metric tons on February 16, 2017.This tender will consist of 1.9 million metric tons of fragrant rice (mostly Hom Mali rice), 0.9 million metric tons of white rice (mostly 5% grade white rice), and 0.1 million metric tons of glutinous rice. These food-grade rice stocks were mainly accumulated under the rice pledging program in MY2012/13 and MY2013/1.

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