SSRice Special - Weekly

This report looks at Thai Jan-Sep 2024 data which shows 7.45 MMT in rice exports, for a 22% or 1.38 MMT rise in exports over the same period in 2023. 

Probably the most important rice export market, India has raised the stakes in global markets at the end of Sep

This, while being our MONTHLY update on prices, comes just as we receive news of Donald Trump’s election as the 47th President of the USA, a rare feat for a former President to be re-elected after his loss 4-years ago.

Vietnam’s story remains a success story with a record 7 MMT in rice export seen in data we have for Jan-Sep 2024, this is taking Vietnam to explore a new high rising 9% or 562 TMT more over the same period in 2023.

Pakistan remains a key element in 2023 and 2024 markets that has seen exports from key Asian origins rise to make up for India’s banned and restricted presence in markets. 

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.