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
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Asian exporters meet;the agenda is Stabilize prices
The Nation
At Nov meeting, five nations will be aiming to boost bargaining power
Trade ministers from five major rice-exporting countries will meet in Vietnam next month to prepare a reference price as a key element to stabilizing export prices and strengthening their bargaining power in the world market.
Ministers from Thailand, China, India, Pakistan and Vietnam - members of the Council for Rice Trade Cooperation pact - are scheduled to discuss and exchange information and prices on production at the meeting.
"We [five members] should have a standard export reference price for the world market, rather than relying on prices quoted by rice traders who are not producers," said Commerce Minister Adisai Bodharamik.
The five nations represent 75 |per cent of the global rice trade. Thailand is the world's biggest exporter, at more than 7 million tones a year, followed by Vietnam with 4 million.
According to the UN Food and Agriculture Organization, total trade averages between 25 and 26 million tonnes per year.
Adisai held a bilateral meeting with Vietnamese Minister for Trade Truong Dinh Tuyen yesterday on the progress of the cooperation pact. He noted that member countries had compiled enough production information to circulate a weekly or biweekly report to members.
At the meeting next month, members will exchange production information and forecasts for next year's harvest to support their export management efforts.
"What we are doing is trying to encourage our credibility in export markets," Adisai said.
Both Thailand and Vietnam also plan to arrange mobile cabinet meetings next February in Danang, Vietnam, and in Nakhon Panom.
Meanwhile, following separate bilateral talks with Russia yesterday, Adisai said Russia was keen to form a closer economic partnership with the Kingdom, which could lead to a free-trade agreement.
Both sides agreed to increase two-way trade to between US$1.5 billion and $2 billion (Bt60 billion-Bt80 billion) by next year, compared to the current level of $1 billion.
Private-sector representatives from the two countries signed an agreement to establish a Joint Business Council to bolster trade.
MGR Archive 22.10.2003
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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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