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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Calrose Medium Grain Market,
Farm Trade
It has been a week of one bullish piece of information followed by another, causing prices to quickly rebound to low to mid $5.00 cwt levels. The first being that California was certified as GMO-free last Wednesday by the Rice Research Station (actually samples were sent from foundation seed to approved labs). This perception of purity is causing a good number of long grain domestic and export customers to come to the California market. For example, the Philippines announced they will be taking medium grain for the Pl380 business as they want to insure that there is no chance of GMO LG rice entering into shipments. If this goes through, this will take away another 2 million cwts from the already tight balance sheet. All of this would force players in California to push a GMO free stance. Second, all downward pressure was taken off as all August rice was redeemed, through sales, grower redemptions or redemption programs offered by certain players. Third, the USDA announced in its Friday Stocks report that supplies as of August 1 were down by 2.5 million cwts from last year. This means that there will be even less material available to help out the situation with supplies at near record lows. Fourth, there was confirmations from the Australians (as we have been showing) that drought conditions are having an effect in their rice growing region. This could have vast effects if there is not a major change in weather. Lastly there was an announcement of a Japanese tender for old crop material to be done by the end of the coming week. With low supplies becoming transparent, it appears a wise move on their part. On a related note, several international buyers are now reported to be questioning indications (from some supplies) to wait until new crop as prices would be cheaper. Under present conditions, it is very likely that any early season purchases would be best as prices look to significantly climb throughout the coming year.
MGR Archive 10.9.2006
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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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