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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Indonesia production UP
Continued excellent growing conditions have boosted prospects for rice output, which is now estimated at 54.3 million tons for 2004. With large carry-over stocks, expectations for another large crop, and continuation of the official policy to limit imports, the forecast for 2005 imports has been reduced to 1 million tons. Despite the recent increase in international prices, domestic prices remain remarkably stable, and import activity in contravention of the current ban remains minimal.

The margin between local prices and world prices continues to limit attempts to contravene the import ban. Due to this reduced economic incentive, combined with stricter controls on illegal trading, smuggling remains unattractive to would be importers. Despite it being Ramadan when demand traditionally rises, plus the phase of the marketing year when supplies are generally beginning to decline, domestic prices have remained stable through the end of October. While the government can review monthly and then decide to remove the import ban, given the plentiful stock situation and stable prices, the ban is expected to continue until December 31, 2004. The new Ministers of Trade and Agriculture have yet to stake positions on rice import policy. Nonetheless, it is expected that in 2005 the ban will initially be implemented as in 2004: in place from Feb. 2005 through June 2005. With large carry-in stocks, expectations for another relatively abundant crop, and continuation of the import ban, import prospects for 2005 have been reduced to 1 million tons.
MGR Archive 14.11.2004
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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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