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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Taiwan Rice Update
Targeted rice production remains just slightly above 1 million tons from a targeted production area of 258,000 hectares. The targets are designed to accommodate 144,720 mt (brown rice basis) of imported rice. This quantity of rice has been imported annually since Chinese Taipei joined the World Trade Organization in 2002. In 2002, rice imports did not significantly impact the local rice market because imports began late in the year. However, anticipation of rice imports pushed local rice retail market prices to a decade low of NT$29/kg in 2003. To put a floor under prices, COA increased its purchases of rice, referred to as “surplus purchases” or “import relief purchases” previously, to balance the market. In February 2004, rice retail market prices rose to NT$34/kg and have remained at this level. This price is higher than the average rice retail price at NT$32/kg in 2001, the year before Taiwan opened to rice imports.

Consumption

Estimated total domestic rice consumption for 2004 and 2005 has been reduced to 1.1 million tons, based on newly released per capita consumption of 48.70 kg in 2004. Domestic consumption is forecast to remain at that level in 2006. Market promotions are unlikely to increase total demand, but could shift rice significantly between varieties and origins.

Guaranteed Rice Purchase Prices

Two voluntary programs existed under which farmers can sell rice to Taiwan central authorities for pre-established prices: the guaranteed purchase program and guidance purchase program. Sales under these programs are limited to certain quantities per hectare. If a farmer were to sell the maximum per-hectare quantities allowable under these two programs, program sales would roughly equal half of production.
These two basic purchase programs have not changed fundamentally since 1993. However, in October 2003, Council of Agriculture (COA) allocated a NT$2 billion (approximately $600 million) from the Import Relief Measure funds to purchase additional paddy rice to stabilize the local rice market. The eligible amount of surplus purchase is set at 3,000 kg/ha for the spring crop and 2,360 kg/ha for the second crop. These were calculated on the five-year, 1998-2002, average production level minus the existing two basic purchases. The surplus purchases were triggered by declining paddy rice prices that slipped by 18 percent below the five-year average level of NT$15.6/kg. These lower prices were a result of Taiwan’s larger than expected rice harvest and implementation of Taiwan’s WTO commitment to import 144,720 tons of rice. The surplus purchases pushed up the paddy rice price to NT$16.2/kg on December 12, 2003, and the current paddy prices are NT$19.03/kg and NT$18.33/kg for Japonica and Indica rice, respectively. Taiwan plans to keep the surplus purchase mechanism in place along with the two basic purchase programs established long before Taiwan’s accession to the World Trade Organization. Farmers have been pressing to increase the import relief purchase price to NT$23/kg to their reflect production costs, but the request was refused because it would have likely pushed Taiwan’s AMS above WTO limits. Higher payments would have also created an incentive to increase production further, creating more downward pressure on the rice market while pushing up stocks levels and complicating plans to dispose of domestically produced rice.
MGR Archive 26.5.2006
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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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