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 eased
Market Tone

Export prices for most grades of rice were offered lower as domestic prices eased, particularly for white rice prices. Local rice traders and millers are reportedly releasing speculative stocks of white rice due to the concerns over the release of white rice intervention stocks of around 1.7 million tons by the military-led Council for Democratic Reform under Constitutional Monarchy (CDRM) who seized control of the Thai government and declared martial law on September 19, 2006. The CDRM is expected to maintain the rice price stabilization policy through the intervention program. Exporters are optimistic about a possible program revision to cushion the negative impact of high intervention pric es on Thai rice exports. The previous Government planned to push the intervention prices of new intervention program to 12,000 baht/ton (roughly U.S.$ 320/MT) for fragrant paddy, which was 2,000 baht/ton (roughly U.S.$ 53/MT) higher than the previous year’s program, regardless of the current high market prices of fragrant rice. Meanwhile, foreign buyers are reportedly hesitant to buy as they expect a delay in this year’s intervention program and, if so, new crops harvested by the end of next month could cause prices to decline further.
MGR Archive 27.9.2006
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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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