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AMIS Market Monitor

last release: July 2017

International Prices

Led by increases at Asian origins, particularly Viet Nam and Thailand, world white and parboiled rice markets posted further significant gains during June, pushing the IGC GOI sub-Index up by 7 percent, to its highest since November 2014. The positive tone was again underpinned by strong international demand, including big purchases by Bangladesh. Iraq also secured supplies from the US and Argentina, while the Philippines and Sri Lanka were expected to tender for large amounts in July. This more than offset any light pressure arising from the Thai government’s ongoing sales of state reserves, a large share of which were reportedly low-quality, food-grade stocks.