Tag "dossett on rice"
Rice Cash Market: India bids are staying very firm. Strong demand continues from East Africa, Sri Lanka and Madagascar. The Thailand market is quiet as they auction the ethanol-only, junk rice to the world market. Vietnam is converting the lower Mekong
The cash rice market remains quiet. We do continue to see large export sales of rough rice. We have averaged close to 100,000 tons per week for five weeks. Although this is very bullish, my cash merchant friends say that
USDA held a two-day Ag Outlook Forum in Arlington, Virginia, this week (February 23-24). At this conference they gave us a peek of the acreage shift that was widely anticipated. This should be a confirmed on the March 9 WASDE
USDA has published the monthly WASDE report. They failed again to subtract the 5MMT that Thailand has admitted is ethanol only. The USDA decreased milled sales by 2MMT because we have no sales to Iraq or Iran. Of course it
We learned this week that Iraq did not, in fact, award any contracts on the rice tender. One source said Thailand had the low bid and Iraq hopes that by retendering next week the bids will be even lower. The