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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India, Asian free trade pact soon
NEW DELHI: In recognition of the need to expand economic cooperation in the region, a major “Framework Agreement’’ aimed at establishing a free trade pact between India and Asian nations is expected to be signed when Prime Minister Atal Bihari Vajpayee travels to Bali next week. Prime Minister Vajpayee is also expected to sign a bilateral agreement with Thailand, the other country which he will be visiting during his south Asian tour which begins from October 6. Much significance though, is being attached to the framework agreement with Asian, grounds for which had been laid by the Prime Minister last year when he proposed it at the first India-Asian summit in Phnom Penh. While addressing Harvard faculty members recently in the US, external affairs minister Yashwant Sinha confirmed that the agreement had been finalized with Asian and was to be inked in the Bali summit.

The framework agreement is expected to enable India compete with China, which has registered dramatic growth economically with Asian nations over the last few years. The unusual pace with which Asian too has responded to New Delhi’s offer is also being viewed as their own keenness to counter-balance China’s growing economic dominance in the region. India’s exports to Asian countries were under 5 billion dollars last year. The agreement identifies and proposes to deal with specific issues in key areas including goods, services and investment so that the FTA can be in place as early as possible.

Negotiations, though are expected on matters like concessions and flexibility. During the Bali visit, Mr Vajpayee will also be holding parleys with heads of states of Asian nations where he is expected to share common views on terrorism. Bali was much in the news after terrorists struck the picturesque island resort last year in October killing over 200 people.

In Thailand, where Mr Vajpayee will be holding talks with Thai Prime Minister Thaksin Shinawatra on enhancing bilateral economic ties, one of the issues that is expected to be taken up is the proposed highway linking the two countries through Myanmar. The project has been designed to provide the northeast with direct access to the southeast Asian region.
MGR Archive 7.10.2003
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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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