Rice Price

RICE PRICES AVERAGE
(US$/Ton Ex-Country of Origin)

Thai 100% Grade B
2004 - 244
2005 - 291
2006 - 311
2007 - 335
2008 - 695
2009
Jan - 611
Feb - 624
Mar - 637
Apr - 606
May -559

Thai Fragrant 100%
2004 - 443
2005 - 404
2006 - 470
2007 - 550
2008 - 914
2009
Jan - 876
Feb - 879
Mar - 880
Apr - 888
May -901

Thai A1 Super 100% Broken
2004 - 207
2005 - 219
2006 - 217
2007 - 275
2008 - 506
2009
Jan - 332
Feb - 333
Mar - 335
Apr - 341
May - 316


Although profit margins look attractive, rice importers must meet stringent Rice Stockpile Scheme (RSS) rule which require pre-commit minimum monthly stockpile of 50 tons.
On top of that, importers must keep twice the monthly stockpile in a government warehouse, any shortfall subjected to penalty.