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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DJ CBOT Rice Review: Ends lower as nearby spread trade featured
Chicago Board of Trade rice futures settled lower Monday and at or near their lows of the session in modest trading with nearby spread unwinding the feature, a floor broker said.

May rice fell 4 cents to $10.05 per hundredweight and July settled 9 cents lower at $10.39.

Trading activity was modest with the overall market weaker on July-May spread unwinding, the broker added. The spread continues to narrow after widening last week, with the spread trading at 32 cents premium July versus 41 cents last Thursday, a floor trader said.

RJ O'Brien sold July and bought May while Man Financial's commission house, thought to be acting for a fund, also sold July and bought May.

On daily technical charts, July settled below its major moving averages.

Trading activity was estimated at 600 pit trades, with more than 50% of the total spread related and 619 trades on E-CBOT. This compares to pit volume of 630 contracts and 942 contracts traded electronically Friday.

In other rice news, Thailand's Commerce Ministry has offered over 33,000 metric tons of white rice from the 2005-06 harvest for sale on the country's Agricultural Futures Exchange of Thailand for the first time in an effort to unload government stockpiles and spur trading on the exchange, a senior government official said Monday.

Iraq issued a tender for 30,000 metric tons of white rice Sunday, the Iraqi Grain Board said. The country usually tenders to buy small quantities of rice but actually buys more than the tendered quantities, a trader familiar with the board said.

Cash rice prices in Thailand were slightly lower Monday from two weeks ago as local supplies increase due to the ongoing harvest, exporters said.

On Monday, the U.S. Department of Agriculture is scheduled to release the weekly crop progress report for the week ending April 22 at 4 p.m. EDT (2000 GMT). Last week 30% of the crop had been planted, compared to the five-year average of 29%.
MGR Archive 26.4.2007
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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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