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 Food Ass. for increasing of rice prices
Indicative Price (Week ending April 14, 2006)

Vietnam Rice Export Prices (FOB basis) for various grades
Grade % Broken Period Averages
#1 #2 #3 #4 #5 #6 #7
Current Average Previous (Apr.07)
5 240 242 243 242 242 240 242 241.57 241.86
10 238 238 240 238 240 238 240 238.86 238.86
15 232 234 235 232 233 232 232 232.86 233.14
25 225 228 230 228 228 227 226 227.43 227.71


Export prices stayed at low levels in the past week due to a quiet export market. According to Saigon Giai Phong, a local news paper, the Vietnam Food Association, anticipating better prices, has again advised both farmers to stop selling rice as well as exporters to delay signing export contracts.

Local paddy prices are at VND2,050-2,200/kg, down VND50-150/kg compared with last week. The harvest is still going on and purchasing demand from local exporters is weak.

(Exchange rate was $1 to VND15,927 as of April 14, 2006. Up VND3 from 15,924 last week)

Exports
The following are reported rice exports (metric tons) from April 01 to April 07, 2006.
Week ending Quantity 4-WK Avg.
Year to date Year ago
Jan. 06 35,500 29,875 12,000 37,250
Jan. 13 92,500 48,750 104,500 63,000
Jan. 27 104,600 58,150 209,100 247,000
Feb. 03 102,000 83,650 301,000 N.A.
Feb. 10 35,500 83,650 336,500 285,000
Feb. 17 102,500 86,150 439,000 355,000
Feb. 24 67,000 76,750 506,000 434,400
Mar. 03 89,000 73,500 595,000 579,000
Mar. 10 92,000 87,625 687,000 627,000
Mar. 17 177,000 106,250 864,000 729,000
Mar. 24 202,000 140,000 1,066,000 852,000
Mar. 31 110,000 145,250 1,176,000 1,030,000
Apr. 07 70,000 139,750 1,246,000 1,108,000
According to another local news agency, Vneconomy, Vietnam and Thailand have agreed to cooperate in order to improve both countries export volumes and to stabilize rice prices on th international market. This includes Thailand supporting Vietnamese efforts to enhance Vietnam rice quality through improvement in post harvest management. Vneconomy also says that Vietnam projects exports of around 5 million metric tons in calendar year 2006.
MGR Archive 12.6.2006
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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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