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
 INCO Terms
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Commodity Exchange
Search in news database
Thai rice exports could hit this year
The Nation, May 28, 2004
Thailand has the capacity to reach 9.5 million tonnes of rice exports this year instead of the forecast 8.5 million tonnes, due to rival exporting countries suffering a shortage of stock because of bad weather, according to an international rice expert.

At the Thailand Rice Convention 2004 yesterday was said that the real capacity of Thailand's rice exports was estimated at more than 800,000 tonnes a month.

Thailand exported an average of 750,000 tonnes a month in the first three months of the year.

The swing in the rice market will help Thailand clear its stock and increase its export volume, Slayton said.

"Thailand is considered a centre of the rice trade. As long as government policy is stable and lets the market mechanism function, rice exports will reach 9.5 million tonnes this year," he said.

Rice exports from Thailand's major competitors such as India, Vietnam and Pakistan are expected to decrease 50 per cent this year, he said. Slayton said world rice production was down 3.7 million tonnes this year due to poor weather conditions, resulting in a price increase.

He said Bangladesh's production was down 800,000 tonnes, while China and Iraq were both down one million tonnes.

Thailand, however, had a healthy stockpile and was poised to see its exports soar.

Global rice consumption is expected to grow rapidly due to a population increase and economic growth, Slayton added.

For the main markets, Nigeria is expected to increase its imports to 3.5 million tonnes by 2010, from 1.2 million in 2000, while South Africa is expected to import 643,000 tonnes from the predicted 642,000 tonnes in 2005.

Saudi Arabia is expected to import 1.2 million tonnes by 2010, an increase from the predicted 960,000 tonnes in 2005.

Anthony Lam, the regional general manager of Golden Resources Development International Ltd, said China had been prompted to increase its rice exports due to low land cultivation and an increase in demand.
MGR Archive 28.5.2004
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
      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:

  © 2002 All rights reserved. - Legal Notice