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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Thailand Export prices changed insignificantly
USDA, August 31, 2004
Export prices changed insignificantly as major buyers stayed away from the market due to the concern over high freight costs due to a shortfall of liners in the region. Trade sources reported that some shipments to African countries were pending, as buyers were reluctant with the continued increase in freight costs. However, some major exporters still have outstanding contracts for the shipment of parboiled rice until October, leading to aggressive domestic demand for white rice paddy. Also, trade sources expected new order demand for the amount of around 100,000 tons for the shipment during September – November from the coming Iraqi tender for 5% grade white rice by the end of this week. As a result, white rice prices remained high.

As for the upcoming first rice trade (5% grade white rice) on Thailand’s agricultural commodity future market on Aug. 26, 2004, trade sources expected trade volume will likely be thin, following the experience of rubber, the first commodity traded on this market. However, officials expect more traders will participate in this market, as compared to the one for rubber, due to the fact that the rice trade involves many traders, including farmers, millers, exporters, foreign buyers, and speculators. Moreover, Thai rice market is considered to be better than those in Vietnam and India, as foreign buyers can utilize alternative financial instruments available in the future market to hedge their risks that are not available in the competing markets.

Unofficial exports (excluding fragrant rice) for Aug. 16-22, 2004 totaled 126,229 tons, up 907 tons from the previous week’s total and down 20,493 tons from the four-week moving average of 146,722 tons. Exports during Jan. 1 – Aug. 22, 2004 totaled 4,798,400 tons, compared with 3,052,318 tons during the same period in 2003.

According to the Department of Foreign Trade, Ministry of Commerce, total rice exports (including fragrant rice) during Jan. 1- Jul. 31, 2004, amounted to 5,629,362 tons, up 43 percent from the same period in the previous year.
MGR Archive 1.9.2004
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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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