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 Export prices were higher
Market Tone

Export prices for most grades of rice increased by U.S.$ 1-2/MT in response to the surge in domestic prices. White rice domestic prices continued to increase due to tighter white paddy rice supplies, following the current aggressive government intervention program. The millers who participated in the second-crop intervention program reportedly have more space to stockpile second-crop white paddy rice because they have recently been allowed to mill paddy stocks (2005/06 main crop) for delivery to government warehouses. In addition, the current second-crop paddy has a higher percentage of chalky kernels than normal due to unfavorable weather conditions, leading to additional cost to exporters, as chalky kernel content cannot exceed 6 percent (Thai Rice Export Standard). Meanwhile, foreign demand remained quiet due to current high Thai rice prices. Also, there is a rumor that Iranian buyers are renegotiating with Thai exporters to buy 100B% B grade white rice after they failed to source rice from Vietnam. Trade sources also reported that the Thai exporters are quoting prices of U.S.$ 330/MT for 100% B grade white rice to Iranian buyers, as compared to the U.S.$ 310-320/MT quotations on the previous negotiation three weeks ago.
MGR Archive 4.6.2006
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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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