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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Eastern Europe Fills Void Left By Hungary In Global Corn Market
After consecutive bumper crops, East European corn producers have rapidly become important regional suppliers. It also doesn’t hurt that they are close to many Mediterranean markets and therefore hold a comparative freight and shipping advantage over larger, global, market suppliers, i.e., the United States and Argentina. However, the balance of corn trade shifted when Hungary and Slovakia joined the European Union. Rather than exporting 2.2-2.5 million tons of corn annually, their farmers have found it more profitable to sell surpluses to government (intervention) storage at a guaranteed price which has been higher than market or export prices. So, without internal transportation or export subsidies, intervention corn stocks in Hungary and Slovakia have soared to over 5 million tons, while exports to non-EU markets are down to a trickle. Other EU countries have increasingly turned to Eastern Europe, covering 40 percent of imported corn needs from there last year, compared to only 8 percent before Hungary’s accession to the EU.
MGR Archive 30.4.2006
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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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