The tenders will consist of 755,572 tonnes of 5% grade white rice (food grade for domestic and export markets) and 255,796 tonnes of broken white rice (A1 Super grade for industrial uses), which are carry-over stocks from the market year 2012-13 and market year 2013-14 pledging programs, the FAS said. Presently, export prices of old-crop 5% grade white rice is at $332 per tonne, which is 10% cheaper than those of current-crop white rice.
Unofficial preliminary rice exports (excluding premium white and fragrant rice) for Aug. 15-21 totaled 78,411 tonnes, up 27,575 tonnes from the previous week and up 10,137 tonnes from the four-week moving average of 68,274 tonnes. Rice exports from Jan. 1–Aug. 21 totaled 2.241 million tonnes, down 13% from the same period last year, the FAS said.