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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High demand for rice exports boosts prices
High demand for rice exports boosts prices

The price of 5 per cent broken rice for export has jumped five per cent from early January, now costing between US$295 and 300 per tonne.

The increase has been blamed on a new contract for three Vietnamese exporters signed last Friday.

Exporters agreed to send 250,000 tonnes of rice to the National Logistic Agency of Indonesia (Bulog).

The Viet Nam Southern Food Corporation will supply 150,000 tonnes, priced between US$314.60 to $321.45 per tonne.

Tien Giang Food Company and Kien Giang Export and Import Company will fulfil the rest of the contract with 50,000 tonnes each at prices ranging from $313.60 to $314.26 per tonne.

To date, domestic rice producers have signed contracts to export 1.6 million tonnes of rice in all, according to the Viet Nam Food Association.

It estimates Viet Nam will export 4-4.5 million of tonnes of rice by the end of 2007.

The Ministry of Commerce said prices for rice in the southern provinces have increased slightly this year because of poor growing conditions.

Droughts and pest infestations plagued southern farmers who were unable to produce as much rice in their winter-spring crops as planned.

The high demand for rice in coastal provinces has also contributed to the higher price for southern produced rice.

Prices of rice in Thailand are also on the rise. Some industry experts said these prices will remain high due to the demand of international importers.

Last week, rice from Thailand cost $314 per tonne, with the price of fragrant surging to $533 per tonne thanks to China’s demand for the product.
MGR Archive 26.1.2007
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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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