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
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Pakistani rice exporters eye Chinese market
BEIJING Oct 30 : Pakistan enjoys a rich potential to grab a reasonable share in the Chinese market for export of its quality rice, said a member of Pakistani delegation attending here an international business conference.

"We are working out a strategy to compete with rice exporters from Thailand and Vietnam, by presenting better quality long-grain rice on relatively less price," he said.

Pakistani rice exporters will be new comers in the Chinese market and they would need to work hard, he said adding "We are expecting genuine traders to come forward to take due advantage. China is the world’s biggest rice consumer and has resorted to imports in recent years to meet growing demand at home where grain prices have swayed widely."

Chinese analysts and industry officials attending the conference said although China might be importing rice in the next few years, it would mainly be for a few higher premium grades.

"The government will do everything possible to give incentives to farmers to grow more rice," said Ning Gaoning, Chairman of China National Cereals, Oils and Foodstuffs Corporation, known as COFCO, the country’s top grain trader. Officials and analysts said while China’s rice consumption is likely to rise in coming years, it might hit its peak in 2010. Although urban residents consume more rice and people in the north are increasingly shifting to rice from wheat, rural consumption of rice is declining as people in the countryside can now afford more vegetables or meat, they said.

They estimated China’s paddy consumption to be about 178.8 million tonnes by 2020, against expected output of 183 million, leaving China with an export surplus of 3.3 million tonnes. "China will be one of the major rice exporters in the world, with versatile varieties like Indica, Japonica, Parboiled rice," said Yang Hong, rice manager of State-owned company COFCO.

Pakistan’s rice exports might climb to 2.5 million tons in the 2005/2006 marketing year, with 150,000 tons sold for November and December shipment this week, a senior official from SGS Group. Anjum Varsy, director of operations for SGS in Pakistan told reporters the country was hoping to ship that amount, including 1 million tons of Basmati rice, before March. The recent deals were done at about $225 a ton, free-on-board.
MGR Archive 30.10.2005
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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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