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 changed insignificantly.
Market Tone

Export prices changed insignificantly. However, fragrant rice prices are expected to ease as the Government is reportedly planning to release intervention stocks in order to prepare their warehouses for the next crops’ intervention program. The Government also conducted bidding for its fragrant rice stocks of around 420,000 tons (300,000 tons from 2004/05 crops and 120,000 tons from 2005/06 crops) on Jun. 27, 2006. It is expected that the Government will likely release the 2004/05 fragrant rice stocks to President Agri Trading Co., Ltd. and 2005/06 stocks to Chiameng Co., Ltd. because they offered the highest bidding at around U.S.$ 460/MT. These exporters are reportedly expected to export this fragrant rice (100% B grade) at the prices of around U.S.$ 490-500/MT, close to current market prices, as their bidding prices did not include upgrading costs of around U.S.$ 30/MT. Meanwhile, white rice prices will likely remain high due to current tight exportable supplies, as exporters are aggressively fulfilling the pending shipments to Iran and Iraq.
MGR Archive 2.7.2006
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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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