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 Export prices
Market Tone

Export prices and domestic prices continued to decline slightly with the market exceptionally quiet. Foreign buyers are hesitant due to expected lower export prices following an increase in domestic supplies from the second crop harvest and the government stock release. Also, the government intervention program for the second crop continues to be less aggressive with unattractive intervention prices.

The Government canceled the tender on March 26 to recruit private exporters to handle delivery for the Government-to-Government sales of 15% grade white rice to Indonesia and 100% B grade white rice to Iran (TH 7040) after receiving complaints from rice millers on participation requirements (proposed requirement to have a 3-year export history of 10,000 tons per year or more was reversed because of concerns from new exporters). The new tender was conducted on April 26, 2007 after addressing these complaints. However, there were few rice millers participating in the tenders, primarily due to the complexity of shipping premium rice to Iran.

The handling costs for white rice delivery to Indonesia were offered around 100 - 200 baht/ton (U.S. $3-6/MT) lower than the previous tender. Meanwhile, those for white rice delivery to Iran were offered around 500-600 baht/ton (U.S. $14-17/MT) lower. As a result, the Government will be able to save nearly 216 million baht (U.S. $6 million) in delivery costs, as compared to the previous tender.
MGR Archive 6.5.2007
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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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