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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Long Grain rice - Analysis and Projections
The long grain market is featured by conflicting scenarios. The US old crop situation for long grain has to be considered as bullish-- old crop supply is near bottom in all regions and recently a steady stream of good sized export sales have been reported.
On the other hand the new crop outlook for long grain is on the bearish side—with a large domestic harvest in prospect-- and large export supplies in Thailand and Vietnam producing steadily declining world prices, making it difficult for US rice to break into the large Iraqi market and others outside the Western Hemisphere.
There has been the possibility that large buying by the Philippines and India would turn around the situation in Asia. The Philippines have made large rice purchases and are expected to make more—but they see large supplies in Asia and don’t see large buying competition from India and other sources—so they are deferring further buying until the fall.
As for India—after record drought in the summer, and record flooding during the harvest period—India was expected to be a large buyer this year. However, the Indian government opted to draw on reserve stocks and gamble that drought would not be repeated this year. So far the gamble seems to have paid off. Monsoon rains that provide water for the large summer rice crop have begun in southernmost India. If the monsoon holds up and moves northerly, India likely will have a large harvest. That is not a certainty but early signs point that way.
It should be noted that India has been suffering record heat this summer—with temperatures throughout the country running as high as 122 degrees F—and numerous heat related deaths. If that continues it could be a problem for India’s rice.
For US long grain—while negative factors dominate the market at present, the longer range outlook is not as bad as the futures market suggests. The demand outlook is good in the Western Hemisphere and that will take a bite out of effects of a large harvest. Also overall world demand is strong and eventually will push up the Asian market.

MGR Archive 16.6.2010
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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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