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AMIS Market Monitor

last release: April 2018

International Prices

Against the backdrop of generally ample supplies and slower international demand, Asian rice export prices had a weaker tone in early March. However, markets staged a modest recovery in the second half of the month, led by Thailand, where renewed export demand and currency movements provided support. In Viet Nam, too, main (winter-spring) crop arrivals pressured, but this was countered by the solid underlying pace of shipments. Although white rice values in India were mostly steady amid few fresh developments, quotations in Pakistan moved significantly higher on strong buying interest from importers in Africa and Near East Asia ahead of Ramadan. Overall, the IGC GOI rice sub-Index was fractionally weaker m/m.