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
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India forecasting production of oilseeds
Post revises the MY 2003 production estimates for soybean and rapeseed upwards to 6.8 million tons and 5.8 million tons, respectively. Increased oilseed availability is expected to lead to higher MY 2003 oil meal exports, estimated at 3.3 million tons, and decreased import demand for edible oils, estimated at 4.6 million tons.

Adequate rains during the critical growth stages in most crop growing regions are expected to lead to increased MY 2003 oilseeds production, estimated at 27.6 million tons. Increased sowing boosted by record prices in MY 2002, aided by the normal monsoon rains, is expected to lead to a record soybean crop estimate of 6.8 million tons. Rapeseed sowing areas is estimated at 6.6 million hectares, which is expected to lead to a higher MY 2003 rapeseed production estimated at 5.8 million tons. Despite increased production, current soybean prices in various major domestic markets range from $289 – 300/ton. Even though there were more imports of edible oils during MY 2003, rapeseed prices are still at a record high of $ 485 – 490/ton, compared with year ago prices of $375 – 385/ton, due to bullish world edible oil prices and increased export demand for rapeseed meal.

MGR Archive 6.11.2003
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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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