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AMIS Market Monitor

last release: Sep 2017

International Prices

Against the backdrop of declines at leading Asian origins, global white and parboiled export values eased during August, the IGC GOI rice sub-Index dropping by around 1 percent m/m. Despite reports of potential purchases by Bangladesh and the Philippines to boost reserves, generally slower buying interest weighed on sentiment in Thailand, resulting in the 5 percent broken grade slipping to a four-month low. In Viet Nam, too, prices retreated slightly, although tighter supplies ahead of the kharif crop harvest provided mild underpinning to quotations in India. By contrast, milled rice export prices in the US advanced sharply, linked to prospects for a heavy drop in 2017/18 output.