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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Vietnam aims to take market share
Thai exporters are keeping a close watch on Vietnam's rice production amid concerns their Vietnamese counterparts could emerge as the world's leading supplier in the near future. Vietnam is projected to export 5 million tonnes of rice this year, about 2.5 million tonnes less than Thailand. However, with an expected rice production of 38 to 39 million tonnes - 15 to 18 per cent higher than last year's harvest - Vietnam is catching up quickly.

Hikes in the price of Thai rice last year pushed several customers including Iran, Uruguay, Syria and Nigeria to look to Vietnam thanks to the country's more competitive prices. Thai rice exporters expressed concerns that Vietnam would not only maintain a firm foothold in the global market but expand its market share by boosting exports to Japan, South Korea and Australia, all of which buy rice from Thailand.

The Vietnamese Ministry of Agriculture and Rural Development's new five-year development strategy aimed to maintain an annual yield of 36 million tonnes of rice with a minimum 4 million tonnes earmarked for export. To meet the target, the nation is investing in irrigation projects and storage facilities, and encouraging farmers to adopt more efficient production methods to increase crop yields.

However, the ministry identified inconsistent quality as the main impediment faced by Vietnamese exporters, resulting in prices US$15 to $20 per tonne lower than average prices on Thai exports.

Vietnam last year exported 5.2 million tonnes of rice at a value of $1.4 billion to more than 40 countries and territories in the Middle East, North America and Africa as well as the Philippines and Japan. Domestic rice exporters have now signed contracts to export more than 2 million tonnes of rice this year, according to the Ministry of Trade. The Vietnam Trade Institute forecast global rice supplies would increase in coming months, with the 2005/06 crop expected to yield about 411 million tonnes, up 8.3 per cent from the previous growing season.
MGR Archive 23.5.2006
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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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