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 exporters are not expected to participate in the May 5 Philippines tender.
Market Tone

Exporters are more optimistic this week about the stabilization of domestic prices. Prices seem to be more stable as Thai exporters are unlikely to participate in the May 5 Philippines tender, which reportedly lined with conditions favoring Government-to-Government sales. Despite this, the Thai Government is unlikely to participate in the tender as intervention stocks are currently being held for domestic food security in the event rice prices become too high. Today, the Commerce Minister is planning to propose releasing a portion of the stocks domestically in 5-kilogram bags at prices 15-20 percent lower than current market prices. Despite reports of this announcement, skepticism remains as discussion of a domestic stock release has been mulled for over a month, and market forces appear to be alleviating pressure on domestic prices. Meanwhile, export prices for premium white rice declined slightly, and were offered at around $950 -1,100/MT, as compared to $1,300/MT in the previous week. Nevertheless, a sharp reduction in export prices is unlikely as exporters still have tight pending shipments lasting until June, including the deliveries of around 200,000 tons of white rice to the Philippines following the April 17 tender.
MGR Archive 4.5.2008
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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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