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 slightly up
GAIN, September 4, 2004
Despite the seasonal slowdown in new order demand, export prices increased slightly in response to strengthening domestic prices, following the government’s upward revision of the intervention price for the upcoming major crop’s mortgage scheme (Nov. 1, 2004 – Feb 28, 2005) by another 300-700 Baht/ton (roughly U.S.$ 7-17/ton) on top of its recent announcement which was set at around 1,000 baht/ton (roughly U.S.$ 25/ton) higher than the previous year’s intervention prices. As a result, 100% grade white rice paddy prices will be 6,600 – 7,000 baht/ton (roughly U.S.$ 159-169/ton), as compared to 5,330 baht/ton (roughly U.S.$ 128/ton) in the previous year. Also, domestic demand for white rice paddy remained strong, as parboiled rice exporters continued to secure supply to cover the pending shipments to African countries, leading to a surge in current parboiled rice export prices.

As for the start of rice future trade on the Agricultural Futures Exchange of Thailand last week (Aug. 26), trade sources expected thin trade volume as long as the price risk is explicitly hedged through the government’s intervention prices. Also, the anticipated marginal price fluctuation does not seem to attract speculators, who are believed to be a key of the future market success.

Indicative Prices (Week Ending Aug. 30): F WR 100 B - $ 402.-, WR 100 B - $ 244.-, PB 5% - $ 256.- , WR 5% - $ 240.-, WR 10% - $ 236.-, WR 15% - $ 233.-, WR 25% - $ 229.-, WR 35% - $ 226.-, A 1 SUP - $ 213.-, A 1 SPEC - $ 211.-.

Unofficial exports (excluding fragrant rice) for Aug. 23-29, 2004 totaled 159,721 tons, up 33,491 tons from the previous week’s total and up 20,279 tons from the four-week moving average of 139,441 tons. Exports during Jan. 1 – Aug. 29, 2004 totaled 4,958,121 tons, compared with 3,179,660 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- Aug. 16, 2004, amounted to 5,975,107 tons, up 40 percent from 4,276,051 tons in the previous year.
MGR Archive 6.9.2004
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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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