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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Turkey - Corn Report
USDA
Turkish corn production is expected to increase significantly in MY 2003. This is attributed primarily to an increase in planted area for the second crop corn in Cukurova. Additional corn area was previously planted with cotton. Due to large carryover stocks and increased production, corn imports are estimated to decline by 1 MMT in MY 2003. Along with the decrease in feed wheat availability and relatively cheaper price for corn, more corn is being used for livestock in MY 2003.

Turkey imported a record quantity (around 1.8 MMT) of corn in MY 2002 with most importers choosing to carryover stocks in expectation of increased Turkish corn import duties. Fortunately for importers, the GOT announced the increases a month before implementation. As a result, importers were able to import additional corn with the lower duty. Initially, the GOT raised the duty from 20 percent to 45 percent in September. The duty was raised again to 70 percent primarily because of the depreciation of the US dollar against the Turkish Lira. The lower dollar value reduced the cost of imported corn and as a result TMO could not sell its stocks. Parallel to the industry suggestion, TMO started to sell corn with five-month deferred payment system with zero rate of interest. However, the GOT raised the duty once again with the 2004 Import Regime to 80 percent effective January 1, 2004.
MGR Archive 12.2.2004
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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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