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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In 2002, China imported over $10.5 billion worth of agricultural products
In 2002, China imported over $10.5 billion worth of agricultural products, of which roughly 25% was imported from the U.S. As incomes continue to rise, imports are also likely to continue. Processed and RTE foods continue to gain ground as wealthy urban consumers seek new ways to save time. Younger, more consumption-oriented Chinese are also starting to have more impact as they join the work force.

Despite the impact of SARS and the global economic downturn, China’s economy continues to grow at an estimated rate of 8%. Maintaining high growth rates continues to be the government’s top priority. This has been supported by high levels of foreign direct investment and continued growth in exports. Long term growth is likely to continue, particularly in 2005, when China will allow 100% foreign ownership of enterprises in China.

It should be noted that, while China has a large trade surplus with the United States, its overall balance of trade is only slightly positive; China runs deficits with some of its other trading partners, such as Japan. Concerns about the economy include the generally weak condition of China’s banking system, and the possible emergence of a real-estate bubble in key cities such as Shanghai.
MGR Archive 21.10.2003
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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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