International: Thai quotes are up $8 from last month to $340 per ton, FOB. Vietnam is currently not making new sales due to an export ban.

Domestic: U.S. #2/4 long grain milled rice quotes are up from last month to $467 per ton, FOB. The spread between comparable qualities of Thai and U.S. rice is $127 per ton compared to $140 per ton this time last year. California medium grain #1/4 prices are up $40 per ton from last month to $600 per ton, FOB.

• India is lowered 700,000 to 3.4 million tons as the export ban is expected to continue.

• Vietnam is increased 300,000 to 5.0 million tons in expectation of a bumper crop and high world prices and the expectation of the lifting of the export ban as new supplies become available in early 2008.

• United States is raised 100,000 to 3.4 million tons in anticipation of greater demand from major trading partners.

• Bangladesh is increased 400,000 to 800,000 tons due to tight supplies.

• Brazil is lowered 100,000 to 800,000 tons.

• Iraq is lowered 200,000 to 1.1 million tons as high prices and shipping rates are expected to slow imports.

• China is down 100,000 to 1.3 million tons due to a slow export pace.

• India is lowered 200,000 to 4.0 million tons as a result of the October 9, 2007 export ban on higher priced non-basmati rice.

• Pakistan is down 100,000 tons to 3.0 million tons as a result of slow shipments.

• Afghanistan is lowered 100,000 to a record 150,000 tons due to the slow import pace.

• Iraq is down 100,000 to 700,000 tons based on pace to date.

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