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 Government plans for the release of intervention stocks remain in the draft stage
Indicative Prices (Week Ending Nov. 13):
Thailand: Export (FOB) Prices for various grades of rice (USD/M.T.)
Exporter Observations Period Avg.
#1 #2 #3 #4 #5 #6 #7 CUR. PRV.
F WR 100 B 472 - 480 455 500 450 480 473 464
WR 100 B 303 - 296 296 305 295 298 299 294
PB 5% 300 - 292 299 307 301 293 299 293
WR 5% 295 - 291 291 298 291 293 293 289
WR 10% 286 - 282 285 295 287 288 287 284
WR 15% 283 - 277 280 292 278 283 282 278
WR 25% 262 - 274 277 275 261 278 271 269
WR 35% 259 - - 274 - 257 - 263 261
A 1 SUP 218 - 219 225 225 218 215 220 217
A 1 SPEC 216 - 217 223 223 - 213 218 216

Source: Average actual prices received from exporters, Exchange rate: 36.3 baht/U.S.$


Market Tone
Export prices were offered higher due mainly to the strengthening of the Thai baht to 36.3 baht/US$ VS. 36.5 baht/US$ in the previous week. This is an 8-year high for the baht.
Some quotations are based on 36.0 baht/US$ following the concerns over exchange rate fluctuation. In addition, domestic rice traders and millers reportedly offered higher domestic prices in anticipation of more enquiries from foreign buyers who face difficulties in sourcing Vietnamese rice. The Vietnamese government has reportedly imposed a ban on rice exports in order to ensure domestic supplies, as current crops are adversely affected by typhoons and pests. However, Thai domestic prices will temporarily increase as foreign buyers are still hesitant to purchase Thai rice under current high prices. Moreover, they expect prices to weaken following the Government’s plan to release intervention stocks of 3.1 million tons, of which 2.5 million tons are white rice and 0.6 million tons are fragrant rice.

The following are the reported rice exports (as is basis):
WEEK ENDING QUANTITY 4-WK AVG YEAR TO DATE YEAR AGO YEAR TO DATE AS % OF LAST YEAR
(MT) (MT) (TMT) (TMT) %
SEP 24 109,071 100,545 3,498 3,773 -7.3
OCT 1 86,993 101,319 3,585 3,882 -7.7
OCT 8 81,818 97,231 3,667 3,950 -7.4
OCT 15 98,876 94,189 3,766 4,031 -6.6
OCT 22 128,190 98,969 3,894 4,150 -6.2
OCT 29 110,512 104,849 4,005 4,263 -6.1
NOV 5 144,997 120,644 4,150 4,372 -5.1
NOV 12 92,573 119,068 4,242 4,431 -4.3


Unofficial exports (excluding fragrant rice) for Nov. 6-12, 2006 totaled 92,573 tons, down 52,424 tons from the previous week’s total, and down 26,495 tons from the four-week moving average of 119,068 tons. Exports during Jan. 1 – Nov. 12, 2006 totaled 4,242,174 tons, as compared with 4,431,370 tons in the previous year.
According to the Department of Foreign Trade, Ministry of Commerce, total rice exports (including fragrant rice) during Jan. 1 – Oct. 31, 2006, amounted to 6,118,207 tons, up slightly from 6,061,971 tons in the previous year.

Weekly Rice Sales
Private registered rice export sales for the period of Oct. 23-27, Oct. 30 – Nov. 3, and Nov. 6-10, 2006 are as follows:
Movement (MT) Oct. 23-27 Oct. 30 – Nov. 3 Nov. 6-10
weekly sales 240,028 62,009 58,660
4 week sum 554,655 534,669 514,023
4 week mov. avg. 138,664 133,667 128,506
Total weekly sales 4,990,826 5,052,835 5,111,495
MGR Archive 26.11.2006
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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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