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's rice exports have started tapering off
Post estimates CY 2003 rice exports at 4.3 million tons, and forecasts CY 2004 exports at 2.5 million tons. Based on preliminary shipment data obtained from private sources, Post estimates Jan-Oct 2003 rice exports at 4.0 million tons, including trade over land to Bangladesh. With some additional small rice exports likely in November and December (mostly basmati), CY 2003 exports are estimated at 4.3 million tons, compared with 6.7 million tons in CY 2002. CY 2004 exports are forecast to decline sharply to 2.5 million tons, due to low government stocks.

After heavy shipments over the past several months, India’s rice exports are slowing with only three vessels now loading or waiting to load rice at Indian ports and almost no ships in the pipeline. Exports of non-basmati white rice from India are likely to cease next month, unless the government of India (GOI) resumes allocating rice for exports from its stocks at subsidized prices, which currently seems unlikely.

Taking into account a steep decline in rice stocks and infrastructure bottlenecks, the GOI decided to discontinue allocating rice for exports in August 2003. However, the GOI agreed to honor outstanding commitments totaling around 1 million tons to those exporters who had deposited money with the Food Corporation of India. This has now been mostly completed. Although the GOI officials are in discussions about resuming further grain export allocations next month, uncertainties remain regarding the modalities and pricing.

The GOI began subsidizing exports of rice following a large build up in stocks three years ago, resulting in serious storage problems. With rice stocks on September 1, 2003, dipping to a ten-year low of 7.1 million tons, and with wheat stocks also down sharply, there is no longer a storage problem. Hence, there are no domestic pressures for the GOI to export rice, particularly at highly subsidized prices.

MGR Archive 8.11.2003
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Russia Rapan $ 700
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USA Calrose #1 Paddy $480
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