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

Domestic and export prices for all grades of rice surged due to tighter domestic supplies. Millers and exporters are facing difficulties in sourcing rice to fulfill outstanding contracts as they are reportedly oversold, particularly for parboiled rice. As a result, millers are aggressively buying white-rice paddy for deliveries. Domestic prices of white rice increased significantly by 3-5 percent. Also, domestic prices of fragrant rice increased by 8 percent over concern that acreage reductions in August have reduced available supplies. Some producers in the northeast reportedly shifted to more glutinous rice cultivation due to relatively higher prices. Meanwhile, foreign demand for Thai rice remains strong, particularly for parboiled rice due to tight exportable supplies of Indian rice. The Thai Government is expected to release intervention stocks of white rice for a rumored 500,000 tons. However, rice millers are reportedly pushing back on an intervention release over fear that a stock release will affect current high market prices. Despite the pushback from millers, prices will likely remain high until the end of first quarter 2008 when Vietnamese rice supplies come available.
MGR Archive 3.12.2007
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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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