21:48, 18.01.2007 — Новости
автор: OilWorld.Ru

DJ Asian Rice: Prices Unchanged Amid High Thai Prices (ENG)


MANILA (Dow Jones)--Asian physical rice prices were little changed Thursday
amid thin trade, with high Thai offers limiting fresh demand in the market,
exporters said.

  African buyers have started to make inquiries on parboiled varieties. Some of
them, however, have been put off by the high prices and are likely to buy
limited quantities, exporters said.

  "They think prices are too high, so they might try (making deals) again after
February," an exporter said.

  Despite the thin trade, Thai prices are likely to remain at lofty levels
until after February, when the government's price intervention program for
local paddy will end, exporters said.

  The price support program, which began Nov. 1, is meant to keep domestic
prices at high levels amid an influx of supply as farmers harvest the main
crop.

  "The government doesn't care...they will continue with the intervention
program even though the strong currency is already keeping us out of business,"
a second exporter said.

  Thai export prices have remained at high levels in recent months due to the
strong baht.

  Meanwhile, the Thai commerce ministry is expected to hold a tender in the
next two weeks for the supply of 200,000 metric tons of rice bound for Iran,
the second exporter said. The Thai government late last month signed a deal to
the grain to Iran.

  "The government doesn't have the capacity to handle reprocessing, repacking,
loading... so they might subcontract the deal to private exporters," the second
exporter said.

  Thai 100% grade B was offered Thursday at $321-$322/ton, FOB, Bangkok; 5%
broken was quoted at $315-$316/ton; parboiled 100% sortexed was offered at
$318-$320/ton. These prices were little changes from Wednesday.


  

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