Bumper harvest in Vietnam and slow demand are putting pressure on Thai
rice prices: long grain 100% B is said to quote at 578 $/t whereas
parboiled stands at 555 $/t.
On the other hand, India is not supposed to lift export ban on non-Basmati
soon; however they are probably going to scrap the 200 $ export tax on
Basmati.
Monday 27 October 2008
Thursday 16 October 2008
Thailand to revise intervention plan
While prices for rice are down, as a result of abundant harvests and fears
of a global recession, Thai exporters are pressuring their government to
reduce the intervention price on the paddy market. This is currently set
at 14,000 Bath / t and could be lowered to about 12,000 the difference
being equal to 58 USD / t. This maneuver could lead to a fall in the Thai
rice of around 90 USD.
of a global recession, Thai exporters are pressuring their government to
reduce the intervention price on the paddy market. This is currently set
at 14,000 Bath / t and could be lowered to about 12,000 the difference
being equal to 58 USD / t. This maneuver could lead to a fall in the Thai
rice of around 90 USD.
Subscribe to:
Posts (Atom)
