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
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
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