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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Cross-border smuggling of rice into Nigeria has increased
The local press continues to report that the GON is promoting self-sufficiency in rice production and that rice imports will be banned in 2006. Post believes that a complete ban is unlikely as it could result in food crises because of the huge domestic supply shortfall. It is more likely that the GON will issue more licenses to investors in rice mills to import bran or paddy rice.

Already, the two firms approved by the GON to import bran rice, have commenced milling operations. The two companies have annual capacities to process 120,000 tons of bran rice each. Three other applications are pending and may be approved soon. Under the terms of the licenses, the companies are allowed to import 100,000 tons of bran rice each as a "raw material" over a period of one year. The licenses are renewable. Trade sources forecast imports of bran rice in MY2005 at 160,000 tons. Approved importers of bran rice are assessed a lower duty of 50 percent, compared to 100 percent for milled rice. Government sources indicate that the original intent was to allow imports of paddy rice at 20 percent duty. The GON opted for bran rice imports because of concerns about the environmental hazards of the husks. The GON favors local value addition to imports as part of the overall objective of increasing domestic milling capacities in anticipation of an increase in local rice production.

At present, all imports of bran rice are from Southeast Asia but importers have indicated interest in looking to the United States to secure their import supplies. U.S. suppliers are encouraged to collaborate with importers to take advantage of this emerging market opportunity.
MGR Archive 18.8.2005
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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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