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 Market Update
Market Tone

Export prices for all grades of rice continued to increase despite the Government’s October 29th tender of 270,980 tons of fragrant rice stocks. Of this tender, 200,880 tons were 2005/06 intervention stock with the balance coming from 2004/05 intervention stocks. Bidding prices were around 10,000 – 17,000 baht/ton (ex-warehouse), slightly below current market prices, due to quality concerns, particularly for 2004/05 intervention stocks. Meanwhile, foreign demand for Thai rice remains strong, especially from Asian countries, including Iran and Korea. Iran is expected to buy 200,000 tons of 100% B grade white rice for delivery by the end of this year. Currently, exporters are aggressively fulfilling outstanding contracts to Indonesia and the Philippines. In addition, some Thai exporters are running at full capacity and will only commit to sales for next year delivery. Most African buyers are reportedly still reluctant to place large orders due to current high quotations. African buyers with enough domestic supplies are reportedly waiting for Vietnamese rice which is expected to reach the market by early next year.
MGR Archive 4.11.2007
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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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