Rice Price Weekly-201912
- Rice export prices declined 1-4 percent, particularly for fragrant and parboiled rice, due mainly to the weakening of the Thai baht. The Thai baht depreciated to 30.19 baht/U.S. $1.00 from the previous week’s exchange rate of 30.09 baht/U.S. $1.00. Additionally, farm-gate prices of paddy rice remain under downward pressure, while MY2019/20 main rice crop harvest is underway. Under the MY2019/20 Paddy Rice Price Guarantee Program, farmers who harvested main rice crop during December 1-7, 2019, will receive 2,454 baht per metric ton (U.S. $81/MT) for white paddy rice; 1,661 baht per metric ton (U.S. $55/MT) for Pathumthani fragrant paddy rice; 517 baht per metric ton (U.S. $17/MT) for Hom Mali fragrant paddy rice; and 405 baht per metric ton (U.S. $13/MT) for Provincial fragrant paddy rice as the market prices were lower than the guarantee prices (Table 2). This is the first time farmers who grow premium fragrant paddy rice (Hom Mali and Provincial fragrant rice) will receive compensation since the price guarantee program began on October 15, 2019.