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 continued to increase due mainly to the Thai baht strengthening to 32 baht/$, as compared to 32.3 in the previous week. Domestic prices were less variable this week. Also, exporters expect the Government to release intervention stocks for domestic and export markets. The Government is closely monitoring unusual speculative demand in the rice market and studying the cost and benefit of implementing measures on rice, including rice stock inspection and minimum export prices if domestic prices exceed the benchmark of 1,400 baht/bag (100 kg.) However, exporters do not expect the Government to implement measures, based on concerns over domestic shortage because a good second-crop harvest is expected to begin soon. Some exporters are offering quotes for low-grade white rice based on anticipated supplies of broken rice from the second-crop harvest. Export prices will likely remain high as many exporters must meet pending obligation once domestic supplies increase. Foreign demand for Thai white rice remains strong due to concerns over the cold-spell and possible rice crop damage in Vietnam. Parboiled rice prices increased significantly as exporters are aggressively filling pending shipments. Neworder demand remains strong as the Indian Government still bans non-basmati rice exports
MGR Archive 2.3.2008
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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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