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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Turkey announced a new import regime for the 2004 marketing year for rice.
Imports of rice in the current marketing year (See TU 4029) are expected to be 150,000 MT milled equivalent to do the increase in domestic production. Thus, imports of the levels indicated above are not expected to be realized. Note: The maximum that can be imported under this regime is 300,000 MT milled equivalent. For example, if rough rice is imported, that quantity, multiplied by a factor of 0.75 will be deducted from the tariff contingent amount for milled rice.

This import regime is only available to rice producers and those who purchase rice from producers and producer associations (notably TMO) with confirmation made by documentation from TMO. The purpose of the regime is to increase domestic procurement of rice by the private sector while protecting producers from foreign competition. It is expected TMO will procure less rice under this regime. In an interesting twist, this import regime assigns TMO permission to import 50,000 MT of milled rice (not rough or paddy). This comes after TMO has spent the past year developing and implementing policies to restrict imports. TMO is likely assigning itself this quantity so that it will be able to act as a market stabilizer if prices rise in the near future. There is also the possibility that TMO will not import this rice.

As described in TU 4029, traders estimate that 50,000 to 130,000 MT of rice (as milled equivalent) is still in the warehouses. It is likely that traders will use the new import regime to clear these stocks beginning on November 1. TMO still has about 15,000 MT in stocks. Some local production estimates are as high as 650,000 MT. If production levels are this high, imports will be hard pressed to reach 150,000 MT.
MGR Archive 3.9.2004
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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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