FAO indicator drops 3.2% in March and puts rice world on alert

Published 2023년 4월 17일

Tridge summary

The UN's Food and Agriculture Organization's World Rice Price Index saw a 3.2% monthly decrease in March, but it remained 17.6% higher than the full-year 2022 average. This drop was largely due to a fall in export prices across all major markets, with Vietnam's harvest and calm market conditions contributing to a significant decrease in Japônica and Aromática prices. Indica rice prices also declined, with the market tone being weak in its main Asian origins. Additionally, efforts to stimulate demand in Pakistan have led to a reduction in export prices, while in the Americas, Indica quotations were mostly stable or slightly weaker, despite high inflation and increased transportation costs.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(By AgroDados/Planeta Arroz) The World Rice Price Index of the Food and Agriculture Organization of the United Nations (FAO) averaged 121.2 points in March 2023, which represented a drop of 3.2% compared to February, but still 17.6% above the full-year 2022 level. Export prices declined across all major market segments in March. According to their corresponding indices, Japônica and Aromática prices fell further, plummeting 7.7% and 4.6% from their February levels respectively, amid the progress of Vietnam's harvest and generally calm trading activities. For the Glutinous and Indica price sub-index (high and low quality), the monthly drops were around 3.1% and 2.4%, respectively. The market tone was generally weak in the main Asian origins of Indica rice during the month of March, according to FAO senior analyst Shirley Mustafa. Although quotations received some support at the end of the month with news of an imminent return of Indonesia to the international supply market, ...

Source: Planetaarroz