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 changed insignificantly
Market Tone

Export prices changed insignificantly as a slight weakening of the Thai baht offset a slight increase in domestic prices. Exporters are aggressively securing white rice, particularly for 100% grade and 5% grade, to fulfill outstanding shipments to Iran under the Government-to- Government deals. Meanwhile, the exchange rate weakened slightly to 33.7 baht/$U.S., as compared to last week’s average of 33.6 baht/$U.S. Export prices remain under upward pressure, despite the slight weakening of the Thai baht, as most exporters worry the baht will strengthen over the next few months. Also, new enquiries have been received from Iraq, Iran, and Africa. African buyers are reportedly more optimistic about current freight costs, which have been much higher than average for several months. Nevertheless, these new deals are unlikely to be concluded soon, particularly for large-volume contracts, due to ongoing exchange rate uncertainties and anticipation of increases in exportable supplies competitors, like Vietnam and India. However, trade sources report Vietnam may be limited by a lack of exportable supplies until the end of the year.
MGR Archive 13.8.2007
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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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