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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Egypt’s wheat purchases
Egypt’s wheat purchases for MY 2003-04 (July-June) increased by approximately 18 percent compared with MY 2002-2003. Total Egyptian wheat contracts in MY 2003-04, both government and private sector are estimated at 6,873,312 MT. While imports by the Ministry of Supply (GASC) and Food Industries Holding Company (FIHC) increased by 34 percent and 4 percent, respectively private sector imports decreased by 13 percent. This dramatic increase in GASC demand is mainly due to a decision to import 120,000 MT of wheat per month for the production of unsubsidized flour used to make fino bread for school sandwiches.
These additional imports started in September 2003 when the price of unsubsidized bread increased to nearly 25 percent. The lack of foreign exchange availability for private sector importers and the continuing devaluation of the Egyptian pound resulted in a 100 percent increase in private sector flour at the wholesale level. High international prices for wheat also had an impact on the increase. In addition, in July 2004, the government imposed a five percent sales tax on unsubsidized bread, biscuits and crackers.
MGR Archive 16.7.2004
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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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