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 rice Update
Market Tone,

Domestic and export prices surged to new highs due to lifting of capital control on Mar. 3, 2008. Exporters based their quotations on 31 baht/$, compared to 32 baht/$ in the previous week. Every 1 baht/$ strengthening will normally cause $25/MT higher in quotations. Many exporters would not quote prices due to the volatility of the baht. Also, domestic prices increase by around $20- 30/MT, up 6 percent from the previous week. Thai exporters who will participate in the Philippines tender next week (Mar. 11) are reportedly securing white rice supplies. They are expected to get a portion of the tender of 550,000 tons (450,000 tons for 25% grade white rice, 50,000 tons for 15% grade white rice, and 50,000 tons for 5% grade white rice for shipment between March - April this year), particularly for premium white rice, as Vietnamese rice supplies are also tight for the next few months in anticipation of possible rice crop damage. In addition, a sharp increase in domestic prices reflected aggressive speculative demand. The Government is reluctant to release intervention stocks as it argues that there is considerable paddy stock in private storage. Also, second crops in major growing areas in the central plain will be harvested gradually starting next week with anticipated total production of around 6.5 - 7.0 million tons of paddy, up slightly from the previous year following good weather conditions.
MGR Archive 9.3.2008
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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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