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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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EU - revision of the regulation for intervention stocks?
Reported by Multigrain Europe, October, 15, 2004
The group of experts and EU Committee as this week priority were discussing the revision of the regulation of access to intervention stocks for cereals and the plan for free distribution for 2005.
With particular reference to this last one, Commission have review the previous Polish proposal in the light of the last available data based on the poverty in the different countries members of the EU.

The review was focused on a redistribution in favor of Poland from the aspect of the available financial budget and, in accordance to same availability of the stocks.

As far as rice is concern, they will have to exit from the participation supplies of approximately 133`000 tons of paddy – quantity required from the entire EU to be supplied the final ends of 8 beneficiary countries.
Italian part of the supply is 22`575 mt which will have to serve to re-supply their carry over stocks for future need and deliveries to Poland, Belgium and Malta.
Plan has been adopted on Wednesday afternoon and the decision will become operative by publishing in the Official Gazette.

Observing the EU market prices for Japonica varieties have positive reaction on the market, while for Indica varieties we are still missing sufficient market information on given quotes. Indica types of paddy rice quoting at EUR 130.- in Greece, while Commission is of opinion that those prices will go up in near future.

The imports in Community are in resumption as well as import for Basmati rice. First certificates for import of Basmati rice from Pakistan were just realized.

Greece, Italy and Spain are making pressure to Brussels to start with export policy. They are also requesting for clarifications on negotiations for export applications of the contingents.
This was specially requested by Spanish delegation, yet the Commission inform them that they are not in the position to revert to the matter since the negotiations are still in course and subject is still sensitive. However, it was specified that – it is not probable, applications to become retroactive.
Prevent market research for the prospective of the rice market and the problem inherent for the new Basmati import regime have not been tasted yet and there are missing information.
MGR Archive 17.10.2004
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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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