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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Thai Rice Situation
Market Tone

Despite the fluctuations in domestic prices of white rice, export prices of premium white rice changed insignificantly in response to the weakening of the Thai Baht to around 38.1 baht/U.S.$, compared to around 37.8 Baht/U.S.$ in the previous week. The fluctuations of white rice prices reflected speculative demand of local traders who are reportedly holding huge stocks of second-crop paddy. In addition, the Government is holding intervention stocks of paddy of around 6.3 million tons, including fragrant paddy of around 2.3 million tons, and white paddy rice of around 4 million tons, of which 3 million tons are main-crop paddy (MY 2005/06) and the balance is current second-crop paddy. The Government is planning to release rice from the intervention stocks through barter trade deals with the Chinese Government and the French Government worth around 17 billion baht (roughly U.S.$ 423 million). However, these deals have not been finalized. The negotiation will start when the Government approves these proposed deals. Exporters expect that the approval will take months during current political uncertainty and the Government will be unable to conclude deals unless private companies get involved in the transactions. As for fragrant rice, export prices continued to increase due to seasonal limited supplies of new-crop fragrant rice. Meanwhile, the recent Government’s release of fragrant rice stocks of 136,431 tons out of the total tender of 440,000 tons at the prices of around 15,000 – 17,000 baht/ton (roughly U.S.$ 395 – 447/MT) is mainly for domestic sales because there is no export markets for old crop fragrant rice (MY 2004/05).
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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