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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The actual market situation remains poorly understood by many in California. USDA finally changed the Medium Grain crop and supplies down to (or closer to) where we have told our clients. Australia situation is coming to in line with predictions. Market situation is following close to expectations. New crop production is one unknown, although few understand how much is needed. The pool markets have come out with their 2005/06 returns, which range from net $4.30-5.10/cwt over. The 05/06 cash market (including those that traded quietly at lower levels) averaged closer to the +$5.50/cwt over mark. This continues to back up data that normally (9 times out of 10) cash trading beats the pool returns. This is further enhanced by the fact that pool rice (including grower groups that work with marketers or actually give up all control to buyers) has a significant effect on the overall marketing complex/chemistry.
MGR Archive 24.1.2007
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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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