Rice: International Report up to December 5th

Panama has reported that production will be deficient and it will need to import grain in order to meet local demand.

Friday, December 5, 2014

Taken from Reportearroz.com:

This week prices remained stable in the face of weak demand from buyers.

In Thailand, large losses of rice stocks have changed the situation for rice. Therefore, the price has come down strongly in recent years. Aside from this, the government is providing subsidies to help farmers not to sell grain at such a low price, and they remain hopeful that in the absence of shipments in the international market, prices will rise.

Vietnam export prices fell last week with the aim of attracting certain buyers. But the situation is difficult because Vietnam's traditional markets have struck deals with other providers. The Philippines closed a sale with Bangladesh. Thailand is about to sign an agreement with China, government to government. However, Vietnam is waiting confidently for the end of the harvest, when rice sales will start.

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