Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
Australia Medium Grain Rice #1 $ N/A    Egypt 101 #2 $760    Egypt 178 #2 Rice $730    EU Prices Baldo €660    EU Prices LG-A Ariete 5% €550    EU Prices MG Lotto 5% €500    EU Prices RG Balilla 5% €500    Russia Rapan $ 700    USA Jupiter Paddy $375    USA Calrose #1 Paddy $480    USA Jupiter Rice $630    USA Calrose #1 $830   

 Main Page
 Home Page of This Title
 Medium Grain Rice Market
 Global Market News
 Grain News
 Pulses News
 Global Overview
 Importers Profile
 Exporters Profile
 What Is Rice
 History Of Rice
 Rice Harvest Seasons
 Rice Processing
 Rice Nutrition Facts
 Meals With Rice
 Restaurants
 INCO Terms
 Ports
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Rice
 Grain
 Agriculture
 Commodity Exchange
 Weather
 Other
 Info
 Editor
 Advertisement
 Technical
Search in news database
Vietnam rice prices ease
HANOI , Vietnam's rice export prices eased this week on a lack of fresh demand but business would revive next month at the peak of the crop harvest, traders said.
Traders and officials said on Wednesday a counter trade deal between Vietnam and Indonesia, expected to be signed next week in Hanoi, would help stabilise local prices while exporters were running out of large government deals.
"Foreign buyers are not in a rush to buy now, waiting until next month when prices will soften on more supply," said a trader in Ho Chi Minh City, adding that many deals were expected to be sealed in July.
Traders said over the past two weeks, only one European trader bought 34,000 tonnes of Vietnamese 25 percent broken rice for Africa in two deals at FOB prices of $ 159 and $ 160 a tonne.
"These prices have set the benchmark for the market as the deals are the only ones," another trader said, adding that some exporters have tried to offer at prices of $ 162-$ 164 a tonne for the same grade.
Offers for five percent broken rice also eased this week to $ 182-$ 184 a tonne, FOB Saigon Port, from $ 184-$ 186 last week.
Traders said Vietnam would run short of the high quality five-percent broken grade because the upcoming summer-autumn crop normally produces lower quality grain.
The Mekong Delta grows three rice crops per year. Harvesting of the highest yielding winter-spring crop ended in April.
Ten vessels are loading this week a total of 98,200 tonnes at Saigon Port for Iraq, Cuba, Iran, Africa, Malaysia and the Philippines. Eight other vessels have completed loading 102,000 tonnes for Africa, Iraq, Malaysia and the Philippines.
A senior official at the Vietnam Food Association (VFA), the industry body, told Reuters the counter trade deal, expected to be signed during the June 26-27 visit to Hanoi by the Indonesian president, would help stop the price decline and could even firm up local prices.
MGR Archive 20.6.2003
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
Password:
      Forgot your Password?
Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
Click for Details

Medium Grain Reports
Rice Market News
World Rice Markets and Trade
USDA Country Reports
Rice Market Monitor
Rice Outlook
Italian Paddy Supply
European Rice Weekly
EU Reports
Convert this amount:


Convert
  © 2002 All rights reserved. - Legal Notice