Required Report - public distribution

**Date:** 8/31/2004

**GAIN Report Number:** E34053

E34053

**EU-25**

**Grain and Feed**

**EU Rice Weekly, Brussels, 31 August 2004**

**2004**

**Approved by:**

![](media/image1.wmf)Christine Strossman

U.S. Mission to the EU

**Prepared by:**

Peter Talks

**Report Highlights:**

This weekly report contains data on rice prices in the U.S., Thailand
and the EU. It also lists current import duties and export subsidies in
the EU. All information will be published as such in the USDA
publication \"Rice Market News\".

Includes PSD Changes: No

Includes Trade Matrix: No

Unscheduled Report

Brussels USEU \[BE2\]

\[E3\]

**Weekly rice report ‑ Brussels, August 31, 2004**

LOWEST OFFERING PRICES Basis C&F ARAG (unless otherwise stated)

Whole Long-Grain -- old crop prices for immediate delivery

  -------------------------------- ------------------- -------------------
                                   US\$/MT             US\$/100 LBS

  **UNITED STATES**                Bulk                Bulk

  2 Milled 4 pct \*                325.18              14.75

  2 Brown 4/73 pct                 328.49              14.90

  Medium Milled 2/4 \*             374.79              17.00

  1 Brown parb 4/88 \*\*           339.51              15.40
  -------------------------------- ------------------- -------------------

\* F.A.S. basis

\*\* While nominal price quotes are for 1 BROWN PARB 4/88, these quotes
in reality refer to rice that meets all U.S. No.1 requirements except
for one or two categories. Current and historical trade practice is for
rice shipped to the EU to be graded only as No.2 and to be further
processed upon arrival.

+-------------------------------+------------------+------------------+
|                               | US\$/MT          | US\$/100 LBS     |
+-------------------------------+------------------+------------------+
| **THAILAND**                  | Bulk - Rotterdam | ####### Bulk     |
+-------------------------------+------------------+------------------+
| Parb LZ 4-88%                 | 348              | 15.79            |
+-------------------------------+------------------+------------------+
| Loonzain 100% B               | 338              | 15.33            |
+-------------------------------+------------------+------------------+
| A1 Super                      | 303              | 13.74            |
+-------------------------------+------------------+------------------+
| Fragrant LZ Super             | 475              | 21.55            |
+-------------------------------+------------------+------------------+
| Fragrant LZ Supreme           | 460              | 20.87            |
+-------------------------------+------------------+------------------+

All Thai prices on a C&F basis

  ------------------------------- ------------ ------------ --------------
                                  EUR/MT       US\$/MT      US\$/100 LBS

  **EUROPEAN UNION**              Bulk         Bulk         Bulk

  Spain, Indica, Paddy            \-           \-           \-

  Spain, Indica, Milled           \-           \-           \-

  Italy, Thaibonnet, paddy        480          578          26.23

  Italy, Thaibonnet, milled       \-           \-           \-

  Italian Indica, 5%, milled      \-           \-           \-

  Italian Indica, 5% milled,      \-           \-           \-
  sortex, parboiled                                         
  ------------------------------- ------------ ------------ --------------

Prices on local markets (in Spain or Italy). Italian Indica prices:
basis - bulk, free on truck.

######  IMPORT LEVIES, from 8/26/2004

  --------------------------- ---------- ---------- ---------- ----------
                              EUR/MT     EUR/MT     US\$/MT    US\$/MT

                                         ACP        General    ACP

  Brown RG+MG Regul + Parb    264        88.06      318.04     106.09

  Brown LG Reg + PB LW ratio  264        88.06      318.04     106.09
  2\>3\*                                                       

  Brown LG Reg + PB LW ratio  219.19     72.38      264.06     87.20
  +=3\*\*                                                      

  Milled RG Regul + Parb + MG 416        133.21     501.16     160.48

  Milled LG Regul + Parb      416        133.21     501.16     160.48
  \*\*\*                                                       

  Brokens                     128        41.18      154.20     49.61
  --------------------------- ---------- ---------- ---------- ----------

\* CN codes 1006 20 15 and 1006 20 96

\*\* CN codes 1006 20 17 and 1006 20 98

\*\*\* CN codes 1006 30 27, 1006 30 48, 1006 3067, 1006 3098

  ------------------------------------------- ---------------------------
  EURO/US\$ rate                              1.2047

  ------------------------------------------- ---------------------------

Source: ECB, 30 August, 2004

REFERENCES PRICES used to calculate EU duties, 8/25/2004

  -------------------- ------------ ------------ ------------ ------------
                       **Indica                  **Japonica   
                       Rice**                    Rice**       

  EUR/MT               Husked       Milled       Husked       Milled

  ARAG cif price       332.24       228.24       271.85       341.87

  fob price                                      247.14       317.16

  Sea Freight                                    24.71        24.71
  -------------------- ------------ ------------ ------------ ------------

ARAG refers to the ports of Amsterdam, Rotterdam, Antwerp and Gent.

The Reference Prices given by the European Commission refer to the
following qualities of rice:

-   Indica Husked: US long grain 2/4/73 and/or US long grain parboiled
    1/4/88.

-   Indica Milled: Thai 100% B

-   Japonica Husked: US Gulf Medium Grain

-   Japonica Milled: US Gulf Medium Grain

All references prices are for ARAG cif loose.

The two latter references use US Gulf prices so the estimated shipping
costs are added.

Full details are set out in EC 1503/96.

EXPORT SUBSIDIES ON RICE effective 8/27/2004

The procedure laid down in article 7(4) of regulation (EC) No 1162/95
applies to licenses applied for under that regulation for quantities
according to the destinations:

RO1: 0 Mt

RO2 and RO3: 0 Mt.

021 and 023: 0 Mt.

064 and 066: 0 Mt.

A97: 0 Mt.

  ----------------------------------------------------- -------- ---------
                                                        EUR/MT   US\$/MT

  Brown RG+MG+LG Reg, RG+MG+LG Parb, to Switzerland,    0        0.00
  Liechtenstein, Livigno and Campione d'Italia (R01)             

  Semi-milled RG+MG+LG Reg, RG+MG+LG Parb to            0        0.00
  Switzerland, Liechtenstein, Livigno and Campione               
  d'Italia (R01)                                                 

  Milled RG+MG+LG Reg, RG+MG+LG Parb, to Switzerland,   0        0.00
  Liechtenstein, Livigno and Campione d'Italia (R01)             

  Milled RG+MG+LG Reg, RG+MG+LG Parb, to destinations   0        0.00
  R02 (see below)                                                

  Milled RG+MG+LG Reg, RG+MG+LG Parb, to destinations   0        0.00
  R03 (see below)                                                

  Milled RG+MG+LG Reg, RG+MG+LG Parb, to Destination    0        0.00
  064+066                                                        

  Milled RG+MG+LG Reg, RG+MG+LG Parb, to destinations   0        0.00
  mentioned in Art. 34 of amended Comm. Reg. 3665/87             
  (Supplies to international organization established            
  in the EU, supplies to armed forces etc.)                      
  (Destination A97)                                              
  ----------------------------------------------------- -------- ---------

[R01]{.underline}: Switzerland, Liechtenstein, communes of Livigno and
Campione d'Italia

[R02:]{.underline} Morocco, Algeria, Tunisia, Malta, Egypt, Israel,
Lebanon, Syria, Ex-Spanish Sahara, Cyprus, Jordan, Iraq, Iran, Yemen,
Kuwait, United Arab Emirates, Oman, Bahrain, Qatar, Saudi Arabia, West
Bank/Gaza Strip, Estonia, Latvia, Lithuania, Poland, Czech Republic,
Slovenia, Slovakia, Norway, Faeroe Island, Iceland, Russia, Belarus,
Bosnia and Herzegovina, Croatia, Yugoslavia, former Yugoslav Republic of
Macedonia, Albania, Romania, Bulgaria, Georgia, Armenia, Azerbaijan,
Moldova, Ukraine, Kazakhstan, Turkmenistan, Uzbekistan, Tajikistan,
Kyrgyzstan.

[R03:]{.underline} Colombia, Ecuador, Peru, Bolivia, Chile, Argentina,
Uruguay, Paraguay, Brazil, Venezuela, Canada, Mexico, Guatemala,
Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Cuba, Bermuda,
South Africa, Australia, New Zealand, Hong Kong SAR, A40, A11 except
Suriname, Guyana and Madagascar.