In the US, rice prices contracted slightly last month, although they were unchanged at the beginning of June. Exports in May amounted to 175 thousand tons, compared to 202 thousand tons in April. However, exports are 4% higher than the same period last year.
Focus on Haiti
Haiti is currently the largest customer for US rice, accounting for 20% of overseas sales, followed by Mexico, which now accounts for just 15% of rice exports, up from 25% in 2021. The benchmark price for 2/4 long grain rice has fallen to $729 per ton. From $734 in April. On the Chicago Board of Trade, rice futures prices fell significantly by 7.5% to $338 a ton from $365 in April.
Futures at $333
In early June, futures prices continued to decline, reaching $333 per ton. This monthly report was prepared by Patricio Méndez del Villar, researcher at the Center for International Cooperation in Agricultural Research for Development – Cirad in France (www.cirad.fr). The contents are available in four languages. The full report can only be downloaded from the website www.infoarroz.org.
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