Summary of international rice market

Introduction: 1 India: India continues to be a global rice trade center, exporting 13000 tons of rice to Nigeria again If the current advantage can be maintained, India will be able to export 4-4.5 million tons of rice this fiscal year Demand is so strong that logistics limits its supply Industry insiders claim that the government allows to change from 25% broken rice to 5% broken rice The separated 20% can be sold to the domestic market, providing power for exporters The potential for trade is great, but transport is hampered by a lack of infrastructure Although the price of rice in India is the cheapest and there are a lot of buyers in the market, there is a lack of processing equipment Traders have to wait for shipping, which limits trade That means shipping will be delayed, but there is a discount in Indian rice prices that will attract buyers to the market 2 Pakistan: the price of rice in Pakistan has remained stable, because there is almost no export supply Domestic demand and border trade with Afghanistan continue to boost markets Pakistan's price for 25% broken rice is US $157-159 / ton FOB, but most exporters are unable to offer for new contracts 3 Vietnam: rice trade in Vietnam was at a standstill last week because of high prices It is expected that more than 200 hybrid rice scientists, policy makers, seed producers and technical workers will attend the Fourth International Hybrid Rice Symposium in Vietnam The conference was held from 14 to 17 May The main topic of this conference is to speed up the adoption of Hybrid Rice by Asian farmers Hybrid rice can greatly increase the unit yield The International Rice Research Institute says hybrid rice provides an opportunity for exporters to invest Countries that currently use hybrid rice varieties, such as Vietnam and the Philippines, have allowed farmers to produce far more per unit area than conventional varieties Many international institutions, including the Asian Development Bank, the International Rice Research Institute, the food and Agriculture Organization of the United Nations and the Asia Pacific Seed Association, participated in the conference 4 Thailand: Thai exporters are facing a difficult time to find sources of goods, and many traders need to buy rice from state-owned stocks to compete with India India's low rice price and sufficient supply have hindered Thai rice exports, but Thai insiders are still optimistic that rice exports will reach 7 million tons this year And the government's intervention plan continues to keep prices high, and Thai traders believe that the current price is not competitive But many traders think Thailand's rice is better than India's, so many buyers will continue to buy Thai rice But traders need to get a stock of rice to provide to buyers Traders believe the high price is due to stable shipping, government interference in the plan and the strong Thai baht relative to the US dollar Traders say it is difficult to find a source of goods at the moment, and they expect prices to rise further as processing plants continue to stockpile Thailand's offer for rice with 100% crushing rate B is USD 209-211 / ton FOB DSV