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 Update
Market Tone

Domestic and export prices increased by 4-10 percent from the previous week due to last week’s white rice sale of 200,000 tons to the Malaysian Government (TH8074). The sale led to a surge in domestic prices by around 1,000 – 1,500 baht/ton ($31-$47/MT). This contract, which was facilitated by the Thai Government, will be divided among Thai exporters who are members of the Rice Exporters Association and will be based on historical export performance. Prices are expected to fluctuate in the following weeks due to uncertainty over the government’s ability to replenish intervention stocks by sourcing paddy from the market at intervention prices of around 14,000 baht/ton ($438/MT) for white rice paddy. It is unlikely that the Public Warehouse Organization (PWO) of the Ministry of Commerce will be able to buy paddy from farmers (given available credit lines at 5% interest rate) due to the concern that the PWO committee might not have the necessary authority to buy paddy. The PWO may face losses from a possible contraction in market prices and growing debt burden with the Bank for Agricultural and Agricultural Cooperatives (BAAC) who provides the loan to PWO to run this buyback program.
MGR Archive 25.5.2008
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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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