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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Rice ends up ahead of USDA reports
CBOT, March 2006
CBOT May rice finished 4 1/2 cents higher at $8.36, July settled 6 cents higher at $8.64, and November futures ended 7 cents higher at $9.02 per hundredweight.

Trade positioning ahead of the USDA's reports and the end of the month promoted a two-sided affair, with scale up commission house selling giving way to short covering measures, traders said.

The market encountered continued fund long liquidation from ABN Amro, with scale up farmer selling from RJ O'Brien applying modest pressure. The selling was offset by commercial buying from Man Financial, pit sources said.

Overall activity was relatively slow, with traders content to sit on the sidelines ahead of the USDA's reports. Analysts said traders are looking for a 10% to 12% reduction in smaller rice acres from 2005.

Otherwise, a commercial account at Man Financial was an active spreader, buying July and selling May at 27 1/2 cents. Speculative buying in the new crop November contract was noted as well, with Refco and RJ O'Brien featured.

Meanwhile, weekly export sales were deemed supportive. The U.S. Department of Agriculture reported Thursday morning that weekly rice exports were 78,700 metric tons, down 6% from last week's sales and 18% below the prior four-week average, according to data from the USDA. Shipments totaled 116,400 metric tons, a 4% increase from last week and 18% above the prior four-week average. The primary destination was Japan with 26,100 tons and the Philippines with 24,500 tons.

On tap for Friday, USDA is scheduled to release its prospective planting and quarterly grain stocks report at 8:30 a.m. EST (1330 GMT).

In overseas markets, Asian rice export prices were flat in Thailand and Vietnam Thursday, with the Vietnamese government's stockpiling of rice helping to shore up prices, despite harvesting of the main rice crop boosting rice supply there.

Vietnam's state-owned rice companies are allowed to buy rice from the market for stockpiling, as the government expects the purchases to help support prices, traders said.

In Thailand, prices were also steady amid thin demand, traders said. A strong baht helped prevent Thai rice export offers from falling despite some declines in prices in the domestic market in line with rising supply from harvesting of the second crop, traders added.
MGR Archive 3.4.2006
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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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