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
 INCO Terms
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Commodity Exchange
Search in news database
Philippines milled rice update
Milled rice imports in MY01/02 have been pared down while upward adjustments were made to overall CY2002 imports as the majority of rice imports last year were actually delivered in the second semester of CY2002 or in MY02/03. Imports during the latter period reached close to a million tons (985 TMT), as the GRP braced for a recurrence of another El Nino weather disturbance expected in early 2003. Upward adjustments were made to overall CY2002 imports because of this. Rice imports from the United States represent the contracted volume under the FY01 P.L. 480 Title I Agreement (around 23 TMT) and the initial deliveries (around 8 TMT) of the estimated 22 TMT rice under the FY02 Sec. 416 (b) grant.

The import figures for both MY01/02 and CY2002 include an estimated 300 TMT and 200 TMT of illegally imported and smuggled rice imports, respectively. The entry of illegal rice imports is expected to continue for as long as local prices remain high relative to prices in neighboring countries. Unavailable data on smuggled volumes has made construction of the PSD Table extremely difficult. However, according to industry sources, the amount of smuggled rice is expected to decrease to about 200 TMT through MY03/04 as a result of adequate supply and increased efforts of the GRP to control and limit the illegal practice.

Rice production in MY02/03 was revised downwards consistent with estimates from the Bureau of Agricultural Statistics (BAS). The Philippine Department of Agriculture (DA) attributes the production decline to a smaller area planted as a result of a prolonged, but mild, El Nino dry spell in the first quarter of CY2003. The DA had earlier projected CY2003 paddy rice output to reach around 14.2 MMT, but subsequently adjusted this target to a more realistic 13.2 MMT. DA Secretary Luis P. Lorenzo, Jr., however, is optimistic that production during the year may still exceed the targeted level as output gains are expected in the remaining half of the year. His projection is predicated on a higher adoption of hybrid seed and favorable weather conditions.

MGR Archive 13.11.2003
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
      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:

  © 2002 All rights reserved. - Legal Notice