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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Prices of Thai, Viet rice to drop
The prices of rice imported from Thailand and Vietnam are expected to drop soon following a 30% price slide in global rice markets.

Malaysia Dry Foodstuff Importer and Exporter Association president Datuk Chuah Poh Khiang told Nanyang Siang Pau the sales of imported rice were exceptionally sluggish ever since the 100% hike in prices several weeks ago.

He believed this was partly because consumers have switched to cheaper local rice or have stocked up on the item during the rush prior to the price hike.

He disclosed that the global rice markets have turned bearish with prices dropping some 30% lately.

He added that consumers' switch from imported rice to local varieties also resulted in the recent shortage of local rice, notably the Super local rice with 15% broken grains.

However, the supply will return to normal with an expected bumper harvest of local grains in the next two months, he said.

"I believe sales of imported rice will remain sluggish for some time to come unless the prices come down," he said.

State rice monopoly Bernas said yesterday the government should not enter bearish global rice markets now to stock up on supplies as large orders risk sustaining or boosting prices.
MGR Archive 25.6.2008
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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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