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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High Global Rice Price to Sustain in Medium Term: FAO
The retail prices of rice, which has gone up in many Asian countries recently, will sustain in the medium term due to increased fuel cost, fertilizers and transportation, the Food and Agriculture Organization of the United Nations (FAO) said here Tuesday.

In the first weeks of September, global rice price continued to firm, which will stretch into the coming months resulted from rising production and marketing costs, the FAO said in a press release.

In the short term, prices are reacting strongly to new developments regarding crops and government policies, such as the return of Indonesia as an important buyer, strong sales to Africa and a new contract for deliveries to Iraq.

As anticipated export contractions by Thailand and China could be compensated by increased shipments from Egypt, India and other countries, FAO has raised its forecast for global rice trade in 2005 to 27 million tons, one percent higher over last year's 26.7 million tons.

Meanwhile, rice deliveries are anticipated to grow in Bangladesh and the Philippines despite the strong rise in domestic prices. Likewise, imports by Cuba, the European Union (EU), Niger and Senegal are also expected to increase.

However, prospects for rice production seem much less buoyant this season, especially in the case of China and India, as well as Colombia, Cuba, the Republic of Korea, Laos, Nepal, Pakistan and Venezuela.

In general, Asia will reap larger crops although less marked than last anticipated. Africa will point to a four percent increase. In Latin American and the Caribbean, Brazil, Ecuador and Peru are set to harvest more crops, while Colombia, Cuba and Guyana may face contraction. The rice output in the European Union (EU) and the United States will also fall slightly, according to the FAO.
MGR Archive 2.10.2005
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Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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