SSRice Special - Weekly
This is our MONTHLY update on prices, though this report comes after two months
This is our first report on Malaysia and is one we hope to build as part of a broader focus on key Southeast Asian destination markets. So, it is a nice addition to earlier reports where we looked at the Philippines and Indonesia.
This report is a update on an earlier report in June, and considers the active Indonesia demand as a key demand element supporting global rice markets.
Looking at USDA data we have in Aug, comparing it to Apr 2024 data for the same, adding the ingredients of key events we see in the global rice trade, from weather, policy events, and how these interact to deliver the trading realities we have in markets is the focus of this report.
This week, we look at broken rice trades and this report takes a look at data we have for 2024, mostly up to May and Jun 2024.
This is our MONTHLY update on prices. We build on our last report to show that the bearish mood is out, prices seem to be drifting lower, circling around an Indian bottom range.
India rice exports remain a massive interest in world markets, especially since the elections are now complete.
This report will look at Thai Jan-May 2024 data which shows 4.06 MMT in rice exports, for a 17% or 596 TMT rise over the same period in 2023.
We take a deep dive into Viet Jan-May 2024 export data which we have updated. The highlights show a strong demand from Indonesia, Philippines and Malaysia to provide the backbone for a strong start to 2024 exports.
This is our MONTHLY update on prices, and after nearly two years of bullish tones, some bears are showing in the markets.
SSRice Market Summary - Weekly
India revealed a 10% duty for exports of parboiled rice on Friday (27 Sep), as the duty for white rice exports stood at zero, and this was followed by a removal of the export ban on white rice, on 28 Sep and a Minimum Export Price (MEP) of $490 PMT for white rice sales, and markets have been adapting to these changes since last weekend.
SSRice Prices Update
SSRice Videos
SS Rice News Convention 2024 provides an event focused on information and intelligence gathering blended with networking for two days of analysis, discussion, meeting opportunities in a mix of formal and informal settings to provide and ideal environment to gain from 2 or even 3 days of rice related activities in the idyllic environment in Danang, Vietnam. With presentation and panel session featuring our own analysis of markets, and key issues that markets will need to focus on as the 2023/24 trading year reveals itself, with the Thai, and Indian main crops, as well as key harvests we see in Pakistan, Myanmar and as rice production reaches a peak across Southeast Asia (including Indonesia, Philippines and Malaysia), to reveal the biggest harvests across global markets.
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