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 Prices
Export prices remained high due to tight exportable supplies. The Government’s stock release of 283,000 tons should have only a marginal impact on market prices as it only represents 7 percent of remaining intervention stocks.

Market Tone

The market is quiet due to the long Chinese New Year holiday. However, export prices for all grades of rice remained high due to tight exportable supplies. Thai rice exporters expect the Government will release intervention stocks of 283,000 tons from last week’s tender, as bidding prices have reached market prices. The offer prices for 5% grade white rice reached U.S. $298/MT, ex-warehouse, compared to current market prices of around U.S. $315/MT, F.O.B. Meanwhile, bidding prices of 100% B grade fragrant rice were around U.S. $324-460/MT, lower than market prices, as the intervention stocks are low quality fragrant rice from 2004/05. This stock release is unlikely to depress market prices, as the quantity is not considered significant. The 283,000 tons being tendered is only 7 percent of the nearly 4.1 million tons total intervention stocks. Also, the February 28 Philippines’ tender to buy 580,000 tons of white rice will consist 550,000 tons at 15% grade white rice, with the rest at 25% grade white rice.
MGR Archive 25.2.2007
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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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