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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U.S. rice jumps to record high on supply fears
(Reuters) - U.S. rice futures rose to a fresh all-time high on Wednesday on worries about supply shortages which have triggered political unrest and export restrictions designed to protect dwindling domestic stocks.

Chicago Board of Trade July rough rice futures hit a record high of $24.745 per hundredweight and stood 1.5 percent or 36 cents higher at $24.56 in early European trading.

Prices have risen about 68 percent since the start of 2008.

"Some of the main rice producing countries have imposed export curbs ... and this has combined with low global stocks to drive rice higher," said Kenji Kobayashi, a grains analyst at Kanetsu Asset Management in Tokyo.

"Rice has been hitting successive records. It's neared $25 and I think $30 is now on our horizon," Kobayashi said.

Trade bans have been put in place by India, the world's second largest rice exporter in 2007, and Vietnam, the third biggest, in the hopes of cooling domestic prices of the staple food. Thailand is the largest exporter. The export curbs have been criticised by the Asian Development Bank, which said Asian governments were over-reacting to surging food prices by resorting to market-distorting measures. The bullish mood was reinforced by news that Japan had failed to buy any rice at an import tender held on Tuesday either because prices were too high or there were too few participants, a trade source said.

Exporters also said Thai 5 percent broken grade white rice could rise more than 30 percent to $1,300 per tonne by May due to strong demand from the Philippines.
MGR Archive 25.4.2008
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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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