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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Rice export bans 'fuelling shortages'
Governments banning the export of rice are fuelling soaring prices and exacerbating supply shortages, one of the world's biggest suppliers has warned.

Tilda, the largest supplier of basmati rice from India, said the bans imposed by some of the biggest rice producers - Vietnam, Egypt and Cambodia - were "distorting" the global market and would result in fewer farmers growing the staple.

The warning comes amid growing concern over the prices of rice, wheat and corn, which have more than doubled in the past year. Rice is now about $1,000 (£507) a tonne, compared with about $350/400 at the start of the year.

Food price rises have sparked riots and protests in countries ranging from Haiti and Cameroon to Egypt and South Korea. British shoppers have also been affected, with the average family having to pay an extra £800 a year for groceries.

R S Seshadri, director at Tilda's Indian operations, said yesterday: "Banning the export of rice produces a domino effect, increasing the pressure on demand from those remaining countries whose markets are still open and causing inflation in countries reliant on imports.

"The bans also prevent farmers from selling their products at the highest price possible on international markets. This has a detrimental effect in the long term because if farmers get lower prices they grow less rice."

Jonathan Calland, Tilda's head of external affairs, said that if the export bans remained there would be a third less rice available to trade on the market. He added that more basmati rice farmers were choosing to grow biofuel crops
MGR Archive 11.5.2008
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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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