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 Rice Prices Little Changed; Farmers To Harvest New Crop
BANGKOK (Dow Jones)
Thai rice prices were little changed in the week to Monday as outstanding contracts kept local suppliers busy and farmers prepared to harvest a new crop, exporters said.

"We have outstanding shipments on hand for Iran and Iraq, so that's enough to keep prices little changed," one exporter said.

Some buyers are making inquiries but stayed on the sidelines because of high prices, exporters said.

"Buyers want to buy, but they think current prices are not attractive enough," said a second exporter.

Rice supply in Thailand is expected to improve from this month as farmers will be harvesting the second crop, which exporters hope will soften prices and spur buying in the market.

Exporters said some buyers could be waiting for prices of exportable rice to fall as farmers start their harvesting activities before making new deals.

Until the new crop arrives in the market, adjustments in export prices will be determined by the exchange rate, exporters added.

The Thai commerce ministry said that Thai rice exporters will sell 400,000 metric tons of rice to two major South African rice import companies by the end of this year.

The Thai rice companies - Nakorn Luang Rice and Asia Golden Road - will pool their rice stocks to meet the order.

Thailand's rice exports to South Africa in the first five months of 2007 reached 137,000 tons, with the majority of the shipment part of public and private sector stocks.

Africa is a key export market for Thai rice, purchasing almost 3 million tons a year.

Monday, Thai 100% grade B was offered $1 lower at $334/ton compared to $335/ton last week, FOB Bangkok, while 5% broken was offered steady at $327-$329/ton.

Parboiled 100% sortexed was offered at around $332-$333/ton, $2-$3 higher than last week.
MGR Archive 3.7.2007
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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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