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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Export prices of non-fragrant rice continued to increase
Export prices of non-fragrant rice continued to increase considerably, following the ongoing shipment of white rice to fulfill the outstanding contracts for Iran and Iraq. Also, demand for Thai parboiled rice from African countries was reportedly strong due to limited exportable supplies of the major competitors, particularly India. Trade sources reported that domestic prices of parboiled rice also increased significantly in response to the tight supply situation of local paddy. Moreover, the Thai commerce ministry has recently extended the government intervention program for second crop from ending on July 31, 2004 to September 30, 2004. Also, the intervention price for 100% grade white rice paddy was announced to increase from 5,250 Baht/ton (roughly US$ 131/ton) to 5,900 Baht/ton (roughly US$ 148/ton). In addition, the authority has proposed to raise the intervention prices for MY 2004/05 major crop’s intervention program (Nov. 1, 2004 – Feb. 28, 2005) by about 1,000 baht/ton (roughly US$ 25/ton) from the previous year.

As for fragrant rice, export prices continued to decline due to the increasing supply of the relatively cheaper “Pathumthani 1” fragrant rice, for which the government policy remains uncertain in its classification. At present, it is not classified as Thai Homali rice or traditional fragrant rice. Moreover, regarding the government’s recent intention to release the stock of old crop fragrant rice (MY 2001/02 – MY 2002/03), trade sources expected downward pressure on domestic prices of fragrant rice.
MGR Archive 27.7.2004
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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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