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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Thailand export prices changed insignificantly,
Rice Market News
Despite continued pending shipment demand of white rice for Iran and Iraq and strong demand for parboiled rice from African countries, export prices changed insignificantly, as the weakening Thai Baht reportedly offset the current upward price pressure. At the moment, price quotes are based on around 41.20 Baht/U.S.$, as compared to the previous week’s average of 40.98 Baht/U.S.$. Trade sources reported that some exporters, particularly those who have no outstanding contracts, stayed away from the market, because of concerns over the current price volatility. Also, Thai rice exporters and millers are suspicious of the Commerce Minister’s policy on the paddy mortgage scheme, for which such high intervention prices will lead to market distortions. The new intervention prices for 100% grade white rice paddy in the second crop were reportedly adjusted to the record 5,900 Baht/ton (roughtly US$ 148/ton) during the extension period of mortgage scheme for second crop from Aug. 1 – Sep. 30, 2004. Meanwhile, the intervention prices for coming major crop’s mortgage scheme (Nov.1, 2004 – Feb. 28, 2005) will likely increase by about 1,000 Baht/ton (roughly US$ 25/ton). As for fragrant rice, export prices continued to decline, fueled by the weakening Thai Baht. Also, the Thai Commerce Ministry is reportedly scheduled to put around 160,000 tons of fragrant paddy (107,000 tons milled equivalent) up for auction on July 28, 2004. Most of rice were old crop in MY 2001/02 – MY 2002/03.
MGR Archive 3.8.2004
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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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