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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California Rice Market
The market here is finally showing a little backbone as prices have steadied with a firm undertone...or perhaps we should describe that in a little different (and more accurate) way, by saying there is virtually no selling in the cash paddy market as the growers are completely distracted with planting and have price ideas $2-3 per cwt. above the buy side of the market...for the most part. Over the past few weeks, there has been light trading in the $9.00-9.50 per cwt. over loan range, but that has mostly dried up for the time being.
And, the growers are thinking $10 and above, whilst the offshore markets reflect more like $8. The net result is an inactive market with growers in the fields for the next few weeks, while the mills ship against old Japanese business, along with some destined for the “Med” and their usual domestic business.
We see the nearby undertone as firm account the aforementioned reasons, however, at the end of the day, there is still a considerable amount of paddy left in first hands. On the other hand, the mills have just enough to make their way throught business already on the books, but would have to go back into the market for any new business. The $64,000 question is: What price will that offshore business hypothetically reflect for paddy rice??

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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