1. 9/2/2020 1. FAO rice price indices
1/1
Source: FAO. N.B. - The FAO Rice Price Index is based on 21 rice export quota ons. "Quality" is defined by the percentage of broken kernels, with higher (lower) quality referring to rice with less (equal to or more) than 15 percent brokens. The Sub-index for Aroma c Rice
follows movements in prices of Basma and Fragrant rice.
The FAO All Rice Price Index (2014-16=100) averaged 113.2 points in August 2020,
up 2.7 percent from July and 8.7 percent above its value a year earlier. August’s
increase was driven by Indica and Aroma c prices, which drew support from seasonal
ghtness and African demand. Tight Thai availabili es were also behind a mild
increase in the Glu nous Index, while the Japonica Index remained essen ally
unvaried for the fi h straight month.
Among the major Asian exporters, Indica quota ons rose the most in Viet Nam,
surging 11-12 percent above July levels to their highest since December 2011. The
hike came in response to an up ck in domes c demand, which coincided with
dwindling early summer-autumn arrivals and the execu on of offshore sales
previously reached. Prices also rose in Thailand, on increasingly ghter availabili es
and concerns over water supplies for irriga on. In Pakistan, offers were steady to
mildly weaker, ahead of the launch of harves ng opera ons, while in India,
favourable Kharif crop prospects weighed on higher quality Indica values, also capping
increases in lower-grade prices promoted by African demand. In the Americas, gains
in Brazilian paddy prices accelerated in August. This li ed Brazilian export prices to
levels not seen since late 2016, further reviving interest in Argen nian and Uruguayan
supplies and promp ng officials to announce that they would consider suspending
import du es on non-Mercosur rice. Although the resul ng prospects of reduced
compe on with South American origins and an an cipated resump on of Iraqi sales,
encouraged sen ment in the United States of America, US N.2 4% subsided from the
near seven-year highs held through July, as the 2020 harvest got underway.
Rice-Network@fao.orgh p://www.fao.org/economic/est/publica ons/rice-publica ons/the-fao-rice-price-update/en/
SEPTEMBER 2020
FAO Rice Price Indices
2014-2016=100
50
100
150
1990 2000 2010
Aroma c Glu nous Indica Japonica
FAO ALL RICE PRICE INDEX
2014-2016=100
90
100
110
120
J F M A M J J A S O N D
2016 2017 2018 2019 2020
Series_Short
2015 2016 2017 2018 2019 . Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 . 2019 2020
FAO ALL RICE PRICE INDEX
Indica Index
Aroma c Index
Japonica Index
Glu nous Index
96.3
96.6
93.8
101.6
96.4
91.4
95.7
77.0
79.2
101.8
99.0
100.4
100.7
80.4
88.4
106.3
107.7
108.1
90.7
89.1
101.5
100.6
106.0
80.4
124.3
104.1
101.6
111.0
78.7
153.5
104.2
101.3
112.3
79.3
153.3
104.0
101.6
110.1
80.4
154.3
102.5
100.8
106.5
80.7
145.1
101.9
101.0
103.1
82.5
141.0
103.4
103.6
100.1
84.8
144.4
104.2
105.8
97.1
85.8
136.9
106.4
109.8
94.5
88.1
128.4
114.7
119.5
99.5
93.2
132.1
115.8
119.6
104.4
93.5
134.0
114.4
118.4
102.0
92.6
133.2
110.3
115.0
94.6
92.6
126.1
113.2
117.5
99.9
92.5
128.0
100.7
100.3
105.0
80.3
112.2
110.3
113.6
99.0
90.4
132.9
Jan.-Aug.
FAO RICE PRICE INDICES (2014-2016=100)
2. 9/2/2020 2. Export prices and FAO rice price indices
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Select market segment:
Aromatic
Indica: Higher Quality
Indica: Lower Quality
Japonica and Glutinous
Select date range:
01/01/1990 31/12/2020
FAO RICE PRICE UPDATE
Sources: Creed Rice Market Report, FAO, Livericeindex.com, Thai Department of Foreign Trade (DFT), Vie raders and other public sources. All quota ons are on a free on board (f.o.b.) basis, unless otherwise specified.
1/ Long grain white rice. 2/ White broken rice. 3/ California Calrose, free alongside ship (f.a.s.). 4/ Basma ordinary up to May 2011. Super kernel white basma 2% from June 2011 onwards. 5/ Phka Malis /Phka Rumduol. 6/ Hom Mali rice, grade A.
SEPTEMBER 2020
Selected interna onal prices of rice and FAO rice price indices
Indica Index
2014-2016=100
0
50
100
150
200
250
1990 2000 2010 2020
Indica Index
Year-to-date (YTD):
Series
. Month Value . 1 month earlier . 1 year earlier . 2 years earlier . Period Value YTD compared to 1 year earlier
Argen na 5%
Brazil 5%
India 5%
India Parboiled 5%
Pakistan 5%
Thai 100% B White
Thai Parboiled 100%
Uruguay 5% 1/
U.S. #2, 4% 1/
Viet 5%
Aug-20
Aug-20
Aug-20
Aug-20
Aug-20
Aug-20
Aug-20
Aug-20
Aug-20
Aug-20
530.0
560.0
387.5
371.3
426.3
520.8
517.8
535.0
614.5
475.8
4.7%
12.7%
-2.1%
-2.3%
-1.1%
4.9%
2.2%
3.7%
-4.9%
11.4%
14.5%
17.2%
-4.1%
-1.9%
18.5%
17.2%
17.6%
11.5%
21.0%
41.6%
11.3%
14.5%
-4.8%
-5.1%
3.7%
22.1%
24.9%
8.5%
14.9%
22.6%
Jan.-Aug.
Jan.-Aug.
Jan.-Aug.
Jan.-Aug.
Jan.-Aug.
Jan.-Aug.
Jan.-Aug.
Jan.-Aug.
Jan.-Aug.
Jan.-Aug.
501.7
499.7
392.0
372.4
416.7
514.3
513.0
508.5
607.5
419.1
7.4%
3.9%
2.1%
-1.5%
16.3%
19.5%
20.4%
4.3%
22.6%
22.2%
Latest available quota on (USD/MT): Latest available quota on compared to:
Export prices of Higher Quality Indica rice
USD/MT
450
500
550
600
650
2019 2020
Argen na 5% Brazil 5% Uruguay 5% US #2/4%
Export prices of Higher Quality Indica rice
USD/MT
300
400
500
600
2019 2020
India 5% Pakistan 5% Thai 100% B Viet Nam 5%
3. 9/2/2020 3. Export prices
1/1
Selected interna onal prices of rice (USD/MT)
SEPTEMBER 2020
Series
2015 2016 2017 2018 2019 . Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 . 2019 2020
Argen na 5%
Brazil 5%
Cambodia Fragrant 5% 5/
India 100% 2/
India Pusa Basma
India 25%
India 5%
India Parboiled 5%
Pakistan Basma 4/
Pakistan 25%
Pakistan 5%
Thai 100% B White
Thai 25%
Thai A1 Super 2/
Thai Fragrant 6/
Thai Glu nous 10%
Thai Parboiled 100%
Uruguay 5% 1/
U.S. Medium Grain #1, 4% 3/
U.S. #2, 4% 1/
511.0
498.2
804.6
282.8
1151.0
337.4
366.2
367.5
849.5
318.2
348.1
395.5
372.7
326.6
1007.8
795.8
392.0
541.4
856.6
489.6
457.0
526.2
721.6
287.5
847.4
333.4
365.7
360.4
795.2
327.1
354.5
406.6
385.1
347.8
768.4
840.5
409.5
472.9
651.0
437.5
493.3
517.9
681.4
308.5
1239.9
361.4
398.7
396.1
1131.4
349.6
386.7
414.7
383.6
334.4
842.6
703.1
420.5
498.6
673.2
455.8
484.0
477.1
930.5
296.4
1282.8
373.9
406.9
397.8
1022.9
360.1
399.7
445.0
408.4
365.4
1166.8
706.7
431.3
496.6
887.5
531.0
470.4
482.3
902.8
306.3
1274.2
360.7
386.8
374.9
981.8
323.8
357.1
434.7
410.3
385.2
1211.9
1105.0
428.1
487.8
849.9
500.5
463.0
478.0
894.0
332.0
1350.0
365.0
404.0
378.4
1039.0
326.8
359.6
444.2
418.8
389.2
1247.8
1423.6
440.4
480.0
850.0
508.0
467.5
483.8
905.0
312.5
1350.0
363.0
400.3
372.5
1045.0
333.8
365.8
444.0
420.8
399.3
1298.0
1421.5
439.5
486.3
850.8
508.0
470.0
485.0
893.3
317.5
1350.0
363.0
400.0
368.3
988.8
323.5
354.3
440.3
418.0
398.0
1271.0
1404.0
430.3
485.0
845.0
509.0
480.0
482.0
839.2
320.0
1290.0
357.4
389.6
366.8
976.0
319.4
348.6
438.6
415.4
394.6
1208.4
1273.0
425.4
487.8
820.0
510.6
490.0
490.0
830.0
314.3
1250.0
355.0
380.0
366.5
942.5
319.5
349.8
449.0
423.3
394.0
1164.7
1219.7
434.0
492.5
815.0
515.0
490.0
495.0
825.0
305.4
1175.0
357.0
385.0
366.5
961.0
332.2
366.4
468.0
439.5
403.5
1155.5
1335.3
458.0
492.0
822.0
532.5
488.5
495.0
816.3
305.0
1087.5
358.8
385.0
375.0
987.5
341.0
376.8
466.8
441.8
413.8
1110.0
1241.0
457.3
490.0
840.0
557.5
487.5
478.3
826.3
286.8
1050.0
355.0
373.8
367.0
911.3
347.5
384.8
509.3
477.0
421.3
1083.5
1092.0
507.3
490.0
852.5
581.0
492.5
483.8
905.0
283.3
371.3
396.3
998.8
396.5
444.8
582.3
537.3
441.5
1146.5
1111.3
572.8
513.0
926.3
636.3
509.0
490.0
904.0
297.0
384.6
410.0
376.0
1047.0
393.8
452.8
535.2
501.2
439.6
1133.2
1121.2
539.8
517.0
960.0
646.0
510.0
498.8
920.0
286.8
380.0
402.5
371.3
995.0
398.3
450.5
536.3
500.5
434.3
1127.3
1143.8
544.3
515.0
960.0
646.0
506.0
497.0
907.2
293.6
995.0
364.0
396.0
380.0
986.0
379.0
431.0
496.3
466.8
422.0
1049.0
1111.0
506.8
516.0
960.0
646.0
530.0
560.0
860.0
300.0
1175.0
367.5
387.5
371.3
980.0
380.5
426.3
520.8
486.3
424.5
1031.0
1137.5
517.8
535.0
946.3
614.5
Viet Glu nous 10%
Viet 25%
Viet 5%
Viet Fragrant 5%
474.2
334.2
352.6
471.6
501.1
331.6
347.3
446.5
461.1
351.2
372.1
522.8
467.9
390.9
411.8
538.8
532.6
323.2
340.2
464.9
599.4
317.4
336.0
484.2
599.0
303.8
316.3
473.8
628.5
324.5
337.5
474.8
638.8
323.6
340.8
476.4
638.0
323.8
343.5
468.3
567.6
331.0
345.8
425.2
563.0
341.8
362.0
417.3
599.3
378.8
403.8
463.0
629.5
420.0
446.8
529.0
644.4
425.0
455.8
508.2
611.8
410.0
435.8
471.8
550.8
406.4
427.0
481.8
548.8
455.8
475.8
521.0
467.2
480.9
920.8
301.5
1256.3
361.2
384.0
378.1
978.7
323.7
358.4
430.6
405.8
379.5
1200.0
992.7
426.1
487.7
858.4
495.4
501.7
499.7
870.5
294.7
1096.5
367.3
392.0
372.4
983.3
371.1
416.7
514.3
481.3
425.0
1104.5
1161.6
513.0
508.5
908.4
607.5
485.8
325.4
343.1
460.8
589.4
396.1
419.1
477.2
Jan.-Aug.
Sources: Creed Rice Market Report, Livericeindex.com, Thai Department of Foreign Trade (DFT), Vie raders and other public sources. All quota ons are on a free on board (f.o.b.) basis, unless otherwise specified. " " = unquoted.
1/ Long grain white rice. 2/ White broken rice. 3/ California Calrose, free alongside ship (f.a.s.). 4/ Basma ordinary up to May 2011. Super kernel white basma 2% from June 2011 onwards. 5/ Phka Malis /Phka Rumduol. 6/ Hom Mali rice, grade A.
For more informa on on prices, you can refer to the Food Price Monitoring and Analysis Tool (h p://www.fao.org/giews/pricetool/), which gives access to quota ons of major traded products, including the high quality Thai white rice 100% B and the 100% broken rice
Thai A1 Super, from 2000 onwards. The site also hosts domes c (retail or wholesale) prices for major food commodi es in mul ple countries.
FAO RICE PRICE UPDATE
4. 9/2/2020 About this bulletin
1/1
The FAO All Rice Price Index is based on 21 rice export quota ons. These quota ons are combined into four groups consis ng of Indica, Aroma c, Japonica and Glu nous rice varie es. Within each variety,
a simple average of the rela ve prices of appropriate quota ons is calculated; then the average rela ve prices of each of the four varie es are combined by weigh ng them with their (fixed) trade shares.
"Quality" is defined by the percentage of broken kernels, with higher (lower) quality referring to rice with less (equal to or more) than 15 percent brokens. The Sub-index for Aroma c rice follows
movements in prices of Basma and fragrant rice.
The FAO Rice Price Update provides monthly rice export prices from major origins and is released on a monthly basis. To subscribe to the FAO Rice Price Update and the FAO Rice Market Monitor, please
send an e-mail to RICE MARKET NETWORK with "subscribe" in the subject line.
Use of material subject to credit given to source:
FAO Rice Price Update
Trade and Markets Division
Food and Agriculture Organiza on of the United Na ons