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AMIS Market Monitor

last release: Nov 2017

International Prices

Amid few fresh developments, Asian markets for white and parboiled grades were generally weaker during October, the IGC GOI rice sub-Index posting a net loss of about 1 percent. Export quotations in Thailand weakened slightly on slower buying interest, in part due to public holidays in Asia, including China, while values in India were also weaker. In contrast, broken rice markets in Vietnam exhibited a firmer tone as tightening old crop supplies and good underlying export interest underpinned. Elsewhere, US milled rice fob values eased marginally, but they were still significantly higher y/y, linked to the smallest domestic outturn in more than two decades.