Thailand
Grain and Feed
Weekly Rice Price Update
2008
Approved by:
Gary Meyer, Agricultural Counselor
U.S. Embassy
Prepared by:
Ponnarong Prasertsri, Agricultural Specialist, Maysa Kunasirirat, Agricultural Assistant
Report Highlights:
Export prices declined by 2-3 percent due to the government stock release and the weakening Thai baht. The retender of 1.4 million tons of the government stocks last week (November 28) attracted more participants than expected. The bidding prices were offered higher than the previous tender but still lower than market prices, particularly for 25% grade white rice. Quotations for the current crop were not offered at that low price due to high intervention prices under the current mortgage program.
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