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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Asian market
The market remains rather quiet as the focus in Thailand and Vietnam is mostly on the newest Iraq tender, which closed last Monday. There has not been an official award yet, but we fully anticipate Asian rice will likely dominate this business. In the meantime, demand elsewhere (in particular West Africa) is quite thin, and prices mostly sideways. Thai 100% B is quoted at $455-465 per mt FOB Bangkok; 5% is $430-440, and parboil has firmed a little on the coat tails of some fresh Nigerian business. It is now quoted around $460. Two other areas that we are keeping a close watch on are Indonesia and The Philippines. Unfortunately, The Philippines have once again suffered crop losses due to inclement weather (El Nino), the most recent media report evidences about 400,000 mt. It seems as though there is a different report out each day....one day saying they will have import needs this summer as a result of the losses...countered the very next day by some government official refuting this by saying they have ample stocks. In short, we do not see the NFA repeating the same mistakes made back in the fourth quarter of 2009, and will likely remain absent the market for the foreseeable future. As far as Indonesia is concerned, we understand their crop has not been negatively beset by this mild El Nino season and have no nearby import intentions. Otherwise, the market is quiet and the undertone steady to slightly softer.

Rice Exports by Thailand, slipped in April, to a total of 575,092 metric tons.
Shipments to the USA in April totaled 32,044 metric tons, including 29,609 metric tons of fragrant rice and 2,435 metric tons of regular rice.
Largest exports in April in metric tons: Nigeria—56,290; Iraq—52,987; Philippines—48,691; South Africa—36,159; USA—32,044; Japan—27,598; Syria—27,291; China—25,187; Ivory Coast—24,779; Cameroon—19,519.
Thai rice export quotes have eased further down. Late quotes reported fob vessel per metric ton—Hom Mali (premium fragrant)—$1,095;
Pathumthani (standard fragrant)--$724; White Rice 100% grade B--$479; 5%--$448; 25%--$391; A1 super broken--$321; Parboiled 100%--464; White Glutinous 10%--$812.

MGR Archive 31.5.2010
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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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