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USDA logo
United States Department of Agriculture
Foreign Agricultural Service
Circular Series
FG 1007
October 2007
Grain:  World Markets and Trade

RICE: WORLD MARKETS AND TRADE

PRICES:

International: Thai quotes are largely steady, up $2 from last month to $332 per ton, FOB. Nominal quotes out of Vietnam are at $320 per ton, FOB.

Domestic: U.S. #2/4 long grain milled rice quotes are up from last month to $456 per ton, FOB. The spread between comparable qualities of Thai and U.S. rice is $124 per ton compared to $120 per ton this time last year. California medium grain #1/4 prices are up from last month at $560 per ton, FOB.

TRADE CHANGES FOR 2008

Selected Exporters

  • United States is raised 200,000 to 3.3 million tons in anticipation of greater demand from major trading partners.

Selected Importers

  • Australia is raised 125,000 to a record 275,000 tons based on tight supplies and expectations of an extremely small harvest.

TRADE CHANGES FOR 2007

Selected Exporters

  • India is down 300,000 to 4.2 million tons due to the announced export ban.

  • Thailand is down 100,000 tons to 8.5 million tons due to logistical constraints at major shipping points.

  • Vietnam is down 100,000 tons to 4.6 million tons due to tight supplies and an export ban.

Selected Importers

  • China is down 100,000 to 600,000 tons as result of a slow import pace.

  • Cuba is down 100,000 tons to 600,000 tons based on pace to date.

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