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
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Egypt lets 15 firms export rice starting in January
CAIRO (Reuters) - Egypt has chosen 15 firms in an auction to export rice beginning in January, but the quantity exported in this batch will be limited to 13,950 tonnes, the Trade Ministry said in a statement.

Egypt said last month it would hold monthly tenders to grant rice export licences to traders, and would cap rice exports at 100,000 tonnes per month. An export tariff on rice would also be halved to 1,000 pounds, effective from December 1.

The trade ministry said rice export prices in the first tender ranged between 700 and 1,250 Egyptian pounds per tonne, and added that Egypt would continue to announce more auctions for new rice export licences.

"The rules governing rice exports are aimed at balancing the interests of farmers, millers and consumers, and at preserving appropriate prices for rice in local and international markets," a ministry statement said.

Egypt had earlier said it would set new rules for its export tender system, no longer stipulating that exporters must also supply rice to the state.

Egypt imposed an export ban in March last year to control the rising cost of basic commodities. The ministry has said the ban will remain in effect until October 2010.

However, a system created in February allowed exporters to sell their rice abroad if they delivered the same amount of rice to the state-owned General Authority for Supply Commodities (GASC) in tenders.

The new system is intended to put an end to an informal market for export licences that emerged under the old system when some traders who did not export sold the licences they obtained in domestic rice tenders to exporters.

Local prices had tumbled as a result, as traders bid low in state tenders so they could secure lucrative export licences to sell to others.

Trade Minister Rachid Mohamed Rachid has said the amount of rice exported would be reviewed each month, taking into account domestic supply and the needs of a national subsidy programme which covers 65 million citizens.
MGR Archive 20.11.2009
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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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