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   

 Main Page
 Home Page of This Title
 Medium Grain Rice Market
 Global Market News
 Grain News
 Pulses News
 Global Overview
 Importers Profile
 Exporters Profile
 What Is Rice
 History Of Rice
 Rice Harvest Seasons
 Rice Processing
 Rice Nutrition Facts
 Meals With Rice
 Restaurants
 INCO Terms
 Ports
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Rice
 Grain
 Agriculture
 Commodity Exchange
 Weather
 Other
 Info
 Editor
 Advertisement
 Technical
Search in news database
Grains Council cuts world wheat forecast
LONDON ,The International Grains Council (IGC) cut its estimate of world wheat output in 2003/04 by nine million tonnes to 573 million on Wednesday as continued dry weather across eastern Europe damaged crop prospects.
"The main reductions are for Russia, Ukraine and southeast Europe, where dry conditions threaten spring sown crops," the IGC said in a special report issued ahead of its annual conference in London this week.
The IGC cut its forecast for Ukrainian wheat production to 8.5 million tonnes, down from 11 million, and for Russia output was trimmed to 37 million tonnes from 39 million.
It said a shortage of rain in the western Prairies had resulted in a cut of one million tonnes in the wheat estimate for Canada to 24 million tonnes, but this would be offset by a rise in the US crop forecast, put at 59 million tonnes against a previous 58 million.
The US figure had been revised on the basis of very favourable reports from spring wheat and hard winter wheat areas, the report said.
China's wheat output was downgraded by one million tonnes to 88 million due to hot weather in parts of the north of the country, the IGC said.
But many of the world's major exporters would be producing much more wheat than last year, regardless of the latest revisions.
Canadian production in 2002/03, for example, was just 15.7 million tonnes and the US figure was 44 million tonnes.
Total world wheat output in 2002/03 was 566 million tonnes.
The IGC cut its world wheat consumption forecast to 597 million tonnes, two million below the May estimate, largely due to a fall in animal feed use.
It said a drop in feed use in Russia, Ukraine, the European Union and Australia would only be partly offset by a rise in US demand.
But because of the comparatively larger drop in production, world wheat ending stocks for 2003/04 were put at 133 million tonnes, down from a previous 140 million tonne estimate and a 2002/03 figure of 157 million tonnes.
The IGC said the biggest falls were in China (down 19 million tonnes) and the Commonwealth of Independent States.
Global wheat trade was expected to reach 101 million tonnes in 2003/04, a rise on the previous estimate of 99 million.
The IGC said the revision was due to an increase in milling wheat needs of Ukraine, and to a lesser extent Russia, after their poor harvests. However, this would be partly offset by a drop in North African requirements due to their bumper crops.
The IGC estimates for coarse grains were barely changed from the May figures with maize production pegged at 629.5 million tonnes against 628.8 million and barley output at 141.9 million tonnes against 142.4 million.
Maize output in 2002/03 was 597 million tonnes and barley 133 million.
MGR Archive 27.6.2003
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
Password:
      Forgot your Password?
Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
Click for Details

Medium Grain Reports
Rice Market News
World Rice Markets and Trade
USDA Country Reports
Rice Market Monitor
Rice Outlook
Italian Paddy Supply
European Rice Weekly
EU Reports
Convert this amount:


Convert
  © 2002 All rights reserved. - Legal Notice