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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Pakistan wheat update
First, to increase wheat production, the government raised its MY 2004/05 official wheat procurement price to Rupees 8,750 per MT. This price represents a 17 percent increase over the MY 2003/04 price (Rupees 7,500 per MT) and the first such increase in the government rate in three years. The government’s action is expected greater production thru higher application of man- made inputs (i.e., inorganic fertilizers, herbicides, etc.,) which use has been on the decline in recent years due to rising costs for those inputs plus diesel and electricity. Additional acreage brought into production is expected to be nominal due to market competition for other cash crops and to the current planting situation. A just ending national strike at sugarc ane processing facilities caused late harvest of the sugar cane on lands normally double-cropped with wheat. Winter wheat should be in the ground by December 1, but with the late cane harvest this target date will be stretched for those who do not shift to alternative production.

Secondly, to increase wheat supply to dampen the market’s reaction to low stock availability, the government eliminated the import tariff for wheat (previously set at 25 percent). Press articles report the government expects upwards of 500,000 MT will need to be imported this year to stabilize prices and rebuild strategic stocks before the next crop harvest in April/May 2004.

Official exchange rate is Rupees 57.20 = US$1.00

MGR Archive 26.11.2003
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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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