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
The Government is expected to release old-crop intervention stocks of around 2.1 million tons for export next month in order to liquidate the old-crop stocks for the MY2008/09 main-crop intervention program budget. The stock will likely be released through a tender to the top five exporters. The Government will shorten the delivery period to within 90 days, as compared to 270 days in the past, in order to hasten the release process. In addition, the Government will be seeking government-to-government sales. Exporters have reportedly proposed a gradual release of intervention stocks of approximately 500,000 – 600,000 tons. However, the details of the stock release are still under consideration by the Intervention Stock Release Sub-Committee chaired by the Minister of Commerce, and the Intervention Stock Sales to the Agricultural Future Exchanges of Thailand Sub-Committee chaired by the Commerce Permanent Secretary. Thailand’s intervention stocks have increased to 4.8 million tons, of which 2.1 million tons are old-crop intervention stock, and 2.7 million tons are current MY 2007/08 second-crop intervention stocks. Of total intervention stocks, approximately 3.8 million tons are white rice, and 1.0 million tons are fragrant rice. All MY2007/08 second-crop intervention stocks are white rice. It is expected that bidding prices for old-crop intervention stocks will be at around $400- $450/MT, FOB for white rice, and $550-$600/MT for fragrant rice. Meanwhile current secondcrop intervention stocks will cost at least $700/MT, which at least $200/MT higher than Vietnamese rice.
MGR Archive 4.11.2008
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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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