last release: April 2017
Asian white and parboiled rice markets were marginally weaker m/m, the IGC GOI sub-Index easing by 1 percent on thin demand and advancing harvests in a number of countries. In Thailand, additional pressure stemmed from the government’s ongoing efforts to offload reserves, with around 1.3 million tonnes of food-quality supplies sold in a recent auction. Prices in India were supported by currency movements, although gains were capped by a reported slowdown in state procurement. Outside of Asia, US broken rice values continued to be weighed by ample stocks and lacklustre buying interest.