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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Korea is expected to increase rice imports
Korea is expected to continue to reduce rice area to mitigate the high level of ending stocks resulting from decreasing consumption and increasing rice imports under the recently negotiated enlarged Minimum Market Access (MMA) quota. Negotiated between Korea and nine WTO member countries, the MMA will be in effect from 2005 to 2014. Ten percent of total rice imports is to be sold as table rice in the consumer market beginning in 2005.

Rice is the only grain produced in quantities approaching domestic demand. Domestic production of corn and wheat are insignificant. Consequently, Korea will remain reliant on imports to meet food and feed grain requirements. Market prices will dictate the level of substitution among feed grains. Food safety concerns, mostly related to biotechnology, are instrumental in determining foreign suppliers of food grains. In contrast, price is the primary criteria in determining suppliers of feed grains. Faced with rice prices several times higher than world rice prices, Korean per capita consumption of rice will continue to decline as consumers shift dietary patterns. Government efforts to reduce rice production through rice area reduction programs will likely continue.
MGR Archive 3.4.2005
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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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