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Taiwan Rice SBS Tender Completed
Taiwan has completed the Simultaneous Buy-Sell portion of its public sector quota. The price at which the tender was filled indicates that the last 460 tons of SBS rice quota will likely be filled by rice from origins other than the U.S. This portion of the rice quota, originally allocated to Australian rice, was opened for global biding after three tender processes failed – mostly due to lack of participation. One importer successfully bid for all 460 tons at NT$9.518/kg.

SBS Tender

Taiwan completed the Simultaneous Buy-Sell (SBS) portion of its public sector quota on November 6, 2007. This portion of the rice quota, originally allocated to Australian rice, was opened for global biding after three tender processes failed – mostly due to lack of participation. One importer successfully bid for all 460 tons at NT$9.518/kg. The price at which the tender was filled indicates that the last 460 tons of SBS rice quota will likely be filled by rice from origins other than the U.S. Offered bidding prices for U.S. SBS rice quota have been below NT$4.6/kg this year. (Refer to TW7038) Exchange Rate is US$1 to NT$32.40.

Tender Details:

1.) The GF4-960-141 for 500 tons for Australian Rice

The tender failed on September 27th first tender due to insufficient participants. Although there was sole participant Taiwan was able to award 40 tons at the second tender at NT$5,010/kg. The rest 460 tons failed at the third tender and is opened for global quota.

2.) Taiwan retendered the GF4-960141-1 for 460 tons for global quota

There were total 5 bidders participating in the bidding. Only one was awarded for whole 460-ton at NT$9.518/kg. The offered bidding prices from other four bidders were ranged from NT$8.101/kg to NT$9,500/kg. Reportedly, the local fall rice crop has been significantly impacted by Typhoon Kora, which hit Taiwan last October. In addition to inflation in local food prices, farmers are now releasing their rice at higher price levels. This has encouraged rice importers to offer higher biding prices for rice import quota.

Normal Tender

The announced normal tender for 11,000 tons of U.S. medium or short brown rice and 10,000 tons of Australian medium or short brown rice for October 26 failed. The tender was rescheduled for November 13 for Technical bids and November 15 for price bid.

Tender Details:

1.) GF4-960-165 for 11,000 tons medium/short-USA There were three bidders participated in the bid. The tender failed due to the offered bidding price exceeded the preset ceiling price, with the lowest offered bid price at NT$ NT$19,988.5/mt or $615.78/mt. Exchange rate was $1 to NT$32.46

2.) GF4-960-165 for 10,000 tons medium/short-Australia There no bidders participated in the bid. As a result, the tender was rescheduled for the second bib.
MGR Archive 13.11.2007
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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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