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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Thailand Weekly Rice Price Update
Market Tone

Domestic and export prices continued the downward trend due to quiet foreign demand. Despite declining exportable supplies of Vietnamese white rice, foreign buyers who normally return to Thai white rice reportedly are hesitant to buy as Thai white rice prices are still well over $100/MT higher. Traders report foreign buyers are sourcing rice hand to mouth while waiting for Vietnamese new-crop harvest to reach the market by next month. Parboiled rice prices continued to decline by three percent as shipments to African countries slowed with no new orders. In addition, there are rumors that the Thai government will release old-crop intervention stock of around 1.6 million tons next week. However, exporters remain doubtful of this rumor due to the current lack of inquiries for Thai white rice. The MY2008/09 intervention program will finish by the end of February. So far, the program has absorbed 5.5 million tons of paddy valued at 58 billion baht ($1.7 billion), of which 2.7 million tons are white rice paddy, and approximately 2.2 million tons are fragrant rice paddy. The remainder is glutinous and Pathumthani rice. The Government will discuss the MY2008/09 second crop intervention program during this week’s meeting of the National Rice Policy Committee. The Thai Farmer’s Association has proposed the program begin on March 15 and to finish by the end of September with intervention prices of 13,000 baht/ton ($371/MT) for white rice paddy. However, intervention price for MY2008/09 second crop will likely be set lower than current intervention prices of 12,000 baht/ton ($343/MT).
MGR Archive 1.3.2009
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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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