last release: March 2017
Asian white and parboiled rice prices were mixed in February, as the IGC GOI sub-Index advanced only fractionally. Quotations in India and Viet Nam posted gains on tight spot availabilities, together with increased sales to traditional buyers in Africa and Asia. Large government procurements lent additional support in India, as did a reduction in Iran’s import duty which boosted hopes for fresh sales. In Thailand, prices were weighed by main crop arrivals, lacklustre demand and government plans to offload state reserves. Outside of Asia, US broken rice values firmed marginally amid reluctant farmer selling, but with losses capped by ample availabilities and thin buying interest.