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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World prices firm backed on strong demand
Inter Rice
In March, as previously forecasted, the world prices increased again, backed on Asian countries’ strong demand. By the end of the month, prices indicated some stagnation due to the arrival of new exportable supply to the market. Even so, the upward trend is expected to go on in the following months with larger world demand.

In Vietnam, prices also rose in the prevision of a strong demand of Asian countries. The Vietnamese exporters seem to give priority to sales towards Indonesia and Philippines, instead of other destinations. By the end of the month, prices had a pause with the arrival of the new Vietnamese harvest to the market. In March, the Viet 5% increased to $ 304/ton, against $ 296/ton in February. The Viet 25% upped to $ 284/ton, against $ 276 in February. In Mercosul, the 2007 production is likely to reduce by 10%, mainly in Brazil and Argentina. Rice production in Uruguay is expected to remain unchanged in relation to the year before. However,

the region’s exportable supplies are largely enough to meet Brazilian demand, 15% higher in 2007. In Africa, despite a 7% rice production growth in 2006/07, to 22 Mt against 20.5 Mt in the previous year, the imports are likely to increase by 5%, to 9.4 Mt in 2007
MGR Archive 8.4.2007
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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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