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   

 Main Page
 Home Page of This Title
 Medium Grain Rice Market
 Global Market News
 Grain News
 Pulses News
 Global Overview
 Importers Profile
 Exporters Profile
 What Is Rice
 History Of Rice
 Rice Harvest Seasons
 Rice Processing
 Rice Nutrition Facts
 Meals With Rice
 Restaurants
 INCO Terms
 Ports
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Rice
 Grain
 Agriculture
 Commodity Exchange
 Weather
 Other
 Info
 Editor
 Advertisement
 Technical
Search in news database
Thailand to sell rice in gov’t-to-gov’t deals
BANGKOK — Thailand, the world’s biggest rice exporter, plans to sell 950,000 tons of rice from its stocks through government-to-government deals by the end of 2009, the commerce minister yesterday said. "Our strategy is to drain rice out of the country in a bid to lift domestic prices during the harvesting season," Commerce Minister Porntiva Nakasai told reporters, referring to the year-end harvesting period. The Commerce Ministry planned to release another 1.77 million tons of rice in 2010, she said. The government is estimated to have in its stockpiles the equivalent of six million tons of milled rice, bought from farmers in rice intervention schemes. "We plan to negotiate with several countries, including the Philippines, Malaysia, Indonesia and Iran," Porntiva said. On Monday, the Philippines said it was in talks to buy at least 250,000 tons of rice from Thailand in a government-to-government deal. But Indonesia has said it was unlikely to import any rice next year. "We are more or less self-sufficient in terms of production. We haven’t had to import in the last two years. The forecast production for this year still looks good," Indonesian Trade Minister Mari Pangestu told Reuters over the weekend on the sidelines of an East Asian summit in Thailand. Thailand was expected to produce around 23.5 million tons of rice from its main crop, but around 5% of that may have been damaged by recent floods. The government had planned to end its rice-buying intervention in favour of a scheme under which it would subsidize farmers without buying grain itself. However, it has been forced to run both schemes in parallel in the face of farmers’ protests. Traders were not surprised by the plans to sell stocks through government deals, but they doubted this could be done without depressing prices. "I think the government has a very short period of time to sell 950,000 tons rice this year and that is bound to affect prices as the lot is quite big," Chookiat Ophaswongse, president of Thai Rice Exporters Association, told Reuters.
MGR Archive 28.10.2009
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
Password:
      Forgot your Password?
Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
Click for Details

Medium Grain Reports
Rice Market News
World Rice Markets and Trade
USDA Country Reports
Rice Market Monitor
Rice Outlook
Italian Paddy Supply
European Rice Weekly
EU Reports
Convert this amount:


Convert
  © 2002 All rights reserved. - Legal Notice