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 dropped sharply
Market Tone

Export prices for all grades of rice dropped sharply in line with domestic prices. White rice domestic prices were offered lower than the previous week and will likely continue the downward trend. The coming harvest of new crop is reportedly expected to force the Government to release record 2004/05-2005/06 white rice intervention stocks of over 3 million tons within the next few months in order to have space in warehouses. Also, the interim Cabinet is expected to start the 2006/07 intervention program on November 1, 2006. However, the intervention prices will likely remain at the same levels as in the previous year’s at 10,000 baht/ton (roughly U.S.$ 267/MT) for fragrant paddy and 7,100 baht/ton (roughly U.S.$ 189/MT) for white rice paddy instead of 2,000 baht/ton (roughly U.S.$ 53/MT) higher intervention prices as proposed by the previous Government. In addition, a sharp drop in white rice prices reflected low quality of paddy (high chalky contents) due to early harvest in current flood-affected areas in the north. However, most exporters expect that regional flooding will only have a marginal impact on crops.
MGR Archive 10.10.2006
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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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