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   

 Main Page
 Home Page of This Title
 Medium Grain Rice Market
 Global Market News
 Grain News
 Pulses News
 Global Overview
 Importers Profile
 Exporters Profile
 What Is Rice
 History Of Rice
 Rice Harvest Seasons
 Rice Processing
 Rice Nutrition Facts
 Meals With Rice
 Restaurants
 INCO Terms
 Ports
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Rice
 Grain
 Agriculture
 Commodity Exchange
 Weather
 Other
 Info
 Editor
 Advertisement
 Technical
Search in news database
Vietnam,Thai Prices Steady;Strong Overseas Demand
DJ Asian Rice
BANGKOK (Dow Jones)--Asian physical rice prices were steady at high levels Thursday as global demand continued rising amid limited supply in Thailand and Vietnam, traders said.

In Thailand, strong demand on the local market from exporters who need to fulfill outstanding contracts have been supporting export prices.

"There have been many inquiries in the market, but buyers are waiting for prices to come down," one exporter said.

A second exporter said tight local supply due to recent heavy rains is also providing support.

"We expect prices to soften next month when there's more paddy available to millers," a second exporter said.

Thursday, Thai 100% grade B rice was offered unchanged at $333-$335 a metric ton, FOB Bangkok; 5% broken was offered flat at $324-$325/ton; parboiled 100% sortexed was offered around $330/ton versus $324-$333/ton.

In Vietnam, rice export prices are expected to rise in the coming weeks on higher demand even though the crop harvest will peak in July, traders and industry officials said.

"India does not have much 5% broken rice and Pakistan is also out of the market, so buyers are expected to come to Vietnam for the grain," a trader with a foreign firm in Ho Chi Minh City said.

Vietnam's winter-spring crop harvest provides the biggest volume of 5% broken rice for exports ended in April, while the summer-autumn crop mainly produces lower quality varieties such as 15% and 25% broken rice.

"Prices are going to firm up when this buying demand arrives," the trader added.

Weather and production factors, coupled with a 7% hike in gasoline prices early May, would keep rice prices firm next month despite the upcoming harvest peak, traders said.

Vietnam still has a large stock of rice that it sold to the Philippines earlier this year, but which hasn't been loaded after freight costs to Asian countries nearly doubled to $30 a ton the past two months, traders said.

Meanwhile, five vessels are loading 61,600 tons of rice this week at Saigon Port for Africa and the Philippines. Seven others have left with 94,000 tons for Iran, Africa and the Philippines.

Vietnam's 5% broken rice was offered steady Thursday at $305/ton, FOB Ho Chi Minh City, while its 10% broken grade was offered unchanged at $300/ton.
MGR Archive 10.6.2007
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
Password:
      Forgot your Password?
Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
Click for Details

Medium Grain Reports
Rice Market News
World Rice Markets and Trade
USDA Country Reports
Rice Market Monitor
Rice Outlook
Italian Paddy Supply
European Rice Weekly
EU Reports
Convert this amount:


Convert
  © 2002 All rights reserved. - Legal Notice