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   

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World Rice Prices At 2-Year High On Low Global Stocks - FAO
Bangkok, A sharp fall in global rice stocks has pushed international rice prices to a two-year high, the Food and Agriculture Organization of the United Nations said in a statement Friday.
The FAO estimated in June that world rice inventories at the end of the marketing seasons in 2003 will total 122 million metric tons, the lowest level in more than two decades. Output reductions in China and India of 15 million and 12 million tons, respectively, are contributing factors, said the FAO.
The FAO said it sees a further 19 million-ton drop in inventories to 103 million tons.
An expected drop in production in China this season, an exceptionally low harvest in Australia and Indonesia's efforts to curb imports may result in lower closing rice inventories in the respective countries, the FAO said.
Fragrant rice prices rose to the highest levels since 1999, reflecting tightening supplies and the Thai government's procurement program, the FAO said.
Thai Hom Mali Rice, or jasmine fragrant rice, is being offered around $482-$500/ton, FOB, according to Thai exporters, with Thai 100% B grade rice being offered around $210/ton, FOB.
The lower-grade 25% broken rice in Pakistan, India, and Vietnam is being offered at $177/ton, $175/ton and $163/ton, respectively.
FAO estimates world rice trade in 2003 will total 27.1 million tons, around a million tons lower than last year's record high, reflecting smaller deliveries to some buying countries including the Philippines, Indonesia, Iran, Iraq, Ivory Coast and Nigeria. However, rice imports are anticipated to grow in Brazil, Mexico and Cuba.
Exports from India and Australia are expected to decline, while exports from Thailand, Myanmar, Pakistan, Vietnam and the U.S. are expected to increase, the FAO said.
The FAO said global rice output in 2003 is tentatively forecast at 396 million tons, or 592 million tons of paddy, 2% higher than last year's depressed level. However, the forecast is still tentative as the actual figure will depend largely on the timing of the Asian monsoon and the level of rainfall it brings. The monsoon plays an important role on global rice output, FAO said.
MGR Archive 8.7.2003
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Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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