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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Vietnam Rice Weekly Update
USDA, April 8, 2004
Prices went up at the start of the week and remained stable (high) during the rest of the week. The Vietnamese rice association has advised farmers that this would be a good time for selling their rice to get the best prices. The rice association is trying to boost confidence that significant local supplies remain available, mostly in farmer-held stocks. Other observers wonder if the local supplies are sufficient to fulfill all the export contracts, local market requirements, and supply the cross-border trade with China.

Vietnam rice export prices (FOB basis) for various grades
Grade % Broken Period Averages #1 #2 #3 #4 #5 #6 #7 Current Average Previous (Mar.26)
5 240 240 242 242 242 242 242 241.43 234.43
10 234 234 236 238 238 238 238 236.57 229.43
15 228 228 230 230 230 230 230 229.43 224.29
25 220 220 222 222 222 222 220 221.14 218.29

The following are reported rice exports from March 19-26, 2004

Week ending Quantity 4-WK Avg. Year to date Year ago
Mar. 05 68,200 53,687 269,300 445,000
Mar. 12 85,700 61,838 355,000 520,000
Mar. 19 84,000 68,500 439,000 618,000
Mar. 26 153,000 97,725 592,000 710,200

According to the Ministry of Agriculture and Rural Development (MARD), the quantity of Vietnam rice going via border trade to China is more than 200,000 mt during the first three months of 2004.

As of the end of March/early April, many ships are loading rice in Saigon Port. Post expects March (March 1-31) exports to reach nearly 600,000 mt (excluding China border trade), while the previously expected volume for March was only around 400,000 mt. All this activity is going to complete old contracts; no (significant) new sales have been reported.
MGR Archive 9.4.2004
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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