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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Vietnam, Thailand to pioneer price stability model for global rice market
In an attempt to strengthen and stabilise the price of one of the major food staples in the international market, the world's leading rice exporters in Southeast Asia will join hands to develop a joint model on marketing cooperation.

Rachane Potjanasuntorn, director-general of the Foreign Trade Department said Karun Kittisataporn, permanent secretary for commerce, will attend a senior officials meeting in Vietnam in June.

The forum, Mr. Rachane said, is intended to result in a form of joint marketing cooperation which will be used as a pilot model for further cooperation among the world's top five rice exporters--Thailand, Vietnam, China, Pakistan and India.

Instead of competing with each other in the regular practice of price undercutting in the global rice trade, it is expected that the bilateral meeting will come up with new strategy to shore up the commodity price to a stabilised level and support joint cooperation in producing, selling, stockpiling and diminishing obstacles.

Under the planned joint marketing model, the two major rice exporters are eyeing the lucrative Middle East market, one of the world's major rice buyers, as a possible commercial target to penetrate for mutual benefits, according to Mr. Rachane.

Thailand, the world's top rice exporter, set a target to export 7.5 million tonnes of rice worth US$2.3 billion in 2006, up from 7.3 million tonnes last year. The average price is expected at US$318 per tonne, the senior official said.

Vietnam, the world's second-ranking rice exporter, aims to export 5 million tonnes of rice in the same period.

Meanwhile, according to Mr. Rachane, Vietnamese rice exporters are seeking expertise from their Thai counterparts to help upgrade their quality control system in hopes of fetching prices as high as those of the Thai mainstay in the future. (TNA)-E001
MGR Archive 16.4.2006
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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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