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
Market Tone

Export prices are mixed as exporters are uncertain of the direction of the current exchange rate. After a 9-year high of 35 baht/US$, the Thai baht recently weakened to 35.5 baht/US$ following the Government’s stringent measures to control currency speculation. The Thai baht will likely depreciate to 36.0 baht/US$. However, most quotations are based on 35.0 – 35.5 baht/US$. Some exporters are hesitant to offer their quotations due to exchange rate uncertainty. Meanwhile, domestic prices fell less than one percent, particularly fragrant rice prices, as new supplies entered the market. In addition, regional authorities are encouraged to release old-crop intervention stocks, particularly fragrant rice stocks in the northeast. Last week, the Public Warehouse had conducted the tender of 47,000 tons of 2005/06 fragrant paddy stocks. Most participants were local millers who offered bidding prices at around 6,500 baht/ton (U.S. $183/MT), far below the 2005/06 intervention prices which were around 9,000 – 10,000 baht/ton (U.S. $254-282/MT) due to the lower quality of paddy.
MGR Archive 9.1.2007
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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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