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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Thai Export Prices Lower
Market Tone

Export prices for most grades of rice were offered lower by U.S.$ 2-3/MT due to the weakening of the Thai Baht to the six-month low at 40.2 baht/U.S.$. However, domestic prices of white rice remain steady at high levels in response to the government intervention program, which stockpiles white rice paddy of around 3.0 million tons. Domestic prices are not expected to surge from the current high levels, as foreign buyers still stay away from Thai rice which is much more expensive than Vietnamese rice. Also, trade sources reported that current favorable weather conditions will likely result in the better than expected second crop production. Meanwhile, fragrant rice prices will likely be under downward pressure because foreign buyer’s demand for traditional Thai fragrant rice, particularly from Asian countries, reportedly continued to shift to another Thai fragrant rice strain, Pathumthani fragrant rice, which is still cheaper by around U.S.$ 60-80/MT, as compared to around U.S.$ 100/MT during previous months.
MGR Archive 3.6.2005
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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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