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 were higher
Market Tone

Export prices for all grades of rice were higher in response to active demand for white rice and fragrant rice from Asian countries. Trade sources reported that Iran and Iraq buyers were aggressively sourcing Thai premium white rice, as they could not buy from Vietnam. Also, Thai fragrant rice exports to China are reportedly strong. However, exportable supplies of white rice and fragrant are tight because the Government still holds huge stocks of MY 2004/05 and MY 2005/06 crop. As of the end of the MY 2005/06 main crop intervention program on Feb. 28, 2006, the Government had bought a record 5.2 million tons of paddy, of which 2.6 million tons were fragrant rice and 2.5 million tons were white rice. In addition, the Government will begin the second crop intervention program, running Mar. 16, 2006 until Jul. 31, 2006. Second crop intervention prices are the same as those of the main crop, which are higher than the previous year’s levels by 400 baht/MT (roughly US$ 10/MT) for all grades of rice, as shown in the table below. Moreover, fluctuation of the Thai baht is still a major concern among Thai exporters. The current quotations are based on 38.6 baht/US$, as compared to around 39.1 baht/US$ in the previous week.
MGR Archive 8.3.2006
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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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