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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China facing food shortage
For the first time in six years, Chinese grain harvests are falling short of demand and reviving the question: Will China be forced to rely on imports to feed itself?

Since late summer, wheat prices in the northeast have shot up by 32 percent; corn prices have doubled and rice prices are up by as much as 13 percent, according to official reports. Prices of edible oil, vegetables, meat and other food products have also jumped.

Grain harvests this year are estimated to have fallen for the fifth year in a row — hit by a double whammy of bad weather and cutbacks in acreage.

"They've got a problem with their stocks and the crunch is hitting now, partly because of the weather," says Rich Herzfelder, executive vice president of the China Food and Agricultural Services, a Shanghai-based consultancy.

Beijing was poised to sign agreements on importing American grain during Premier Wen Jiabao's visit to Washington next month — part of a buying spree to ease trade friction that has also included luxury cars and Boeing aircraft.

But a U.S. decision to limit Chinese textile exports is rankling trade relations, and China aborted a buying mission to the United States that was to seal deals on a range of U.S. farm products, including soybeans and cotton.

If China doesn't purchase U.S. grain, it would likely buy from Canada.

MGR Archive 22.11.2003
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Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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