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AMIS Market Monitor

last release: Feb 2018

International Prices

Against the backdrop of tightening supplies in leading exporters and stronger international demand, the IGC GOI rice sub-Index advanced by 3.3 percent in January, its third consecutive monthly increase. Gains were tied to firmer Asian markets, with offers in Viet Nam at around a three-year peak. Support stemmed from an unexpectedly large purchase by Indonesia, together with anticipated buying interest from other importers, including the Philippines and Bangladesh. With underpinning from a heavy fall in domestic output and lower stocks more than offsetting pressure from sluggish export interest, US milled rice values were at their highest since November 2014.