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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Egypt to Resume Rice Exports
Egypt's Minister for Trade and Industry Rachid Mohamed Rachid has issued a statement announcing plans to end the 18-month ban on rice exports and introduce new export licences, which will be issued through a closed-envelope bidding process. This comes despite the fact that on 17 September the Ministry of Trade extended the export ban for one more year until October 2010 in a an effort to suppress domestic rice prices by keeping them well below world market prices and decreasing local production to conserve water. The cultivation of rice has been a key problem due to the need to divert large quantities of water from the river Nile to rice fields, the burning of old crops which produces a distinct black smog is also thought to have had a negative impact on the environment and has contributed to respiratory problems among the local population.

According to the Ministry statement issued last week, the decision comes after "much debate over issues pertaining to rice exports, the securing of supply for national demand either for Egyptian consumers or for the amounts needed for the national subsidy programme and the cost versus selling prices." Egypt, which is the world's fourth largest exporter of rice, normally produces about 4.6 million tonnes per year of white rice. It consumes about 3.2 million tonnes, leaving a surplus of about 1.4 million tonnes available for export.

Significance:The authorities have recently launched a set of initiatives designed to transform the country's agriculture sector by moving it away from rice towards greater corn and wheat production. Although the policy is officially termed an export ban, it actually consists of a substantial export tax and a requirement to deliver one tonne of rice to GASC (Government Authority for Supply of Commodities). Recent moves have squeezed rice farmers and exporters with rice production expected to be gradually phased out. The announcement should not be understood as a major U-turn on this policy, rather it should be seen as a temporary adjustment aimed at balancing out current needs. The decision was also made on the basis of the large stock currently available in Egypt from the previous year, which is around 500,000 million tonnes, in addition to the yields from this years' crop. Most observers expected Egypt's rice production to continue to decease in 2011/12.
MGR Archive 28.10.2009
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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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