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
Senagal Rice Imports
First quarter 2007 rice imports totaled 238,226 MT, up 21percent compared to the previous quarter. Imports of all rice grades remain dominated by Thailand, although South American countries, namely Brazil, Uruguay and Argentina continue to increase their shipments to Senegal. There were no shipments from the U.S. during this quarter.

Executive Summary

Senegal’s overall rice imports in 2006 totaled nearly 797,000 tons. Thailand, Vietnam, India, Brazil and Uruguay were the leading export countries to Senegal. Imports from the United States were 3,102 tons of semi-milled rice, all through food aid monetization programs.

During the first quarter of 2007, Senegal’s rice imports totaled nearly 238,000 tons, up from 196,419 tons in the previous quarter. Imports decreased in March; down at about 41,000 tons from 113,352 tons in February. This is usually the case when the commercial stocks are high. However, these figures are lower than the average quarterly imports of nearly 200,000 tons over the last six quarters. Approximately, 95% of these imports were broken rice from Thailand, Brazil, Argentina and Uruguay. Only about 11,000 tons of semi-milled rice was imported from Thailand during this quarter, which confirms consumers’ preference for broken rice. Most of the demand for rice (about 175,000 tons a quarter) is still met by imports.

Senegal’s imports were affected by the political crisis in Thailand, the suspension of exports in Vietnam, and the flooding in Indonesia. The Marketing Regulation Agency reported that in mid-January, the regulation stocks were below its normal level and would not meet demand for the next two months. The higher prices in the international market reduced imports in the previous quarters. Consequently, the regulation stocks were reduced to less than 100,000 tons, which led to an increase in wholesale and retail prices. The Agency forecasts that the shipments in February would increase the regulation stock to 200,000 tons by March 15.

However, this decision did not translate into a decrease in price. Prices have increased 10 to 12 percent over the quarter.

Mrs. Oranuj Osatanada, Thailand Vice Minister of Commerce visited Senegal in March along with a few Thai rice companies to meet with Senegal’s Minister of Commerce and discuss rice trade between the two countries. This diplomatic move is reportedly related to the increasing imports from South American countries, namely Brazil, Uruguay and Argentina. Senegal imports 70% of its total rice imports from Thailand.

Exchange Rate: U.S. $1 = CFA franc 492 on June 11, 2007.
MGR Archive 21.6.2007
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