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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Prices Steady On Strong Thai, Vietnam Local Demand
DJ Asian Rice
Asian physical rice export prices were unchanged Friday on steady demand in Thailand's and Vietnam's domestic markets, although foreign buyers continue to make themselves scarce, exporters said.

In Thailand, most buyers are absent as they are apparently waiting for prices to go down before making fresh deals.

A strong Thai baht, however, will continue to deter prices from falling substantially even though farmers are currently harvesting a major crop, exporters said.

Also, steady demand in the local market from exporters who have to fulfill outstanding orders is supporting Thai offers, one exporter said.

"Our hope is that Vietnam prices are also high and supply is quite tight; buyers don't have a lot of options at this point," the exporter said. Vietnam is Thailand's main competitor in the rice export trade.

Thai 100% grade B was offered unchanged Friday at $323-$324/ton, FOB, Bangkok, the 5% broken at $312-$316/ton while parboiled 100% sortexed was offered at $318-$322/ton.

In Vietnam, prices were also steady Friday, supported by strong domestic prices courtesy of high demand from exporters who have pending orders to fill.

According to one exporter, prices are likely to rise next month as fresh supply coming from the ongoing harvest of the main crop have already been committed for export.

"Current prices are high despite the harvest. We can expect prices to go up when farmers complete harvesting of the crop next month," the exporter said.

Vietnam's 5% broken was offered steady Friday at $300/ton, FOB, Ho Chi Minh City, the 25% broken was offered at $280-$285/ton.
MGR Archive 29.4.2007
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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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