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 decelerated as the Government announced plans to release more intervention stocks. In addition to the fragrant rice stock release discussed in last week’s report, the Government also held a tender of 642,366 tons of white rice from 2004/05 – 2005/06 intervention stocks. Of this tender, 370,137 tons were for export sales. The bidding prices were up to 9,720 baht/ton ($286/MT) for 2005/06 main-crop intervention stocks, reflecting strong foreign demand.

On November 1, The Government announced intervention prices for this year’s program, which began Nov. 1, 2007 and ends on Feb. 29, 2008. The intervention prices were set around 300 baht/ton ($9/MT) higher than last year. However, the program continues to be less aggressive as market prices remain more attractive following limited exportable supplies from competitors Vietnam and India. Thai rice exports reached a record 1.1 million tons exported in October, following the Indian rice export ban. In addition, Thai rice exporters expect monthly exports of around one million ton for the rest of the year as India and Vietnam maintain their rice export bans.
MGR Archive 11.11.2007
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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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