US: Rice quotes continue to weaken on the СВОТ exchange

Published 2023년 2월 20일

Tridge summary

The article highlights the recent trends in the rice, oats, and canola markets over the week of February 10 to 17, as reported by KazakhZerno.kz. It notes a decrease in rice quotes on both the SWOT and ICE exchanges, with Thai rice hitting a nearly one-month low due to a weaker currency and low demand, while Indian rice prices remained high. Oat prices experienced a decline, driven by a 32.2% increase in production in Turkey and a large harvest in producing countries, leading to lower prices for American oats. Canadian rapeseed quotes also saw a decrease, following three weeks of growth. The article provides detailed figures for the price changes in each commodity and offers insights into the factors influencing their market dynamics.

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

Original content

During the period from February 10 to February 17, the situation with quotations of rice, oats and canola has changed on the SWOT and ICE exchanges. The quotes converged in unison and followed each other down, and the least lost in a week was rapeseed, and most of all - oats, writes KazakhZerno.kz. Rice became cheaper not only on the SWOT exchange. Thai also became cheaper, dropping to the lowest levels in more than one month on the back of a weakening national currency and weak demand. The Indian, on the other hand, held on to its highest levels in about two years, as there were buyers on it. In India, the price of 5% parboiled rice ranged from $395 to $402 per ton. In Thailand, the price of 5% broken rice ranged from $460 to $465 per ton, while last week it was still $480-$490 per ton. In Vietnam, rice was offered at the same price as a week ago - from $455 to $460 per ton. Turkey successfully increased its oat production by 32.2% to 365,000 tons. ...

Source: Kazakh-zerno