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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Egypt - Wheat Annual report
Total consumption of wheat in MY 2003/2004 is expected to reach 12,829,000 MT or 6.2 percent higher than the 2002/03 level. The price of unsubsidized breed in Egypt has been on the increase since September 2003 due to declining wheat imports by the private sector. The price of unsubsidized bread increased by about 25 percent since September 2003. Lack of foreign exchange availability for private sector importers and the continuing devaluation of the Egyptian pound in addition to high international prices for wheat have resulted nearly 100 percent private sector flour increase at the wholesale level. In reaction to price increases, for the first time in 12 years, in November 2003, the Ministry of Supply authorized the General Authority for Supply Commodities to import 120,000 metric tons of wheat per month.

Since July 2003 through February 8,2004, Egypt’s total wheat purchases are estimated at about 4 MMT, of which 77 percent was imported by the government and the rest was imported by the private sector. According to wheat traders, the private sector did not import any wheat during December 2003 and January 2004. Ministry of Supply (GASC) imports are expected to reach 6 MMT of wheat this year: 4.5 MMT of soft wheat for the production of 82 percent flour for the production of subsidized baladi bread and 1.5 MMT for the production of 72 percent flour for the production of fino bread. In addition, GASC plans to purchase 3 MMT of locally produced wheat.

In MY 2002/2003, per capita consumption of wheat was estimated at about 183 Kg compared to175 Kg consumed in 2001/2002, and this trend is expected to continue .
The government plans to spend LE 770 million this year to subsidize the price of Fino bread for school . As a result, most private sector mills are increasingly finding difficult to buy wheat. In fact, many private sector mills are now operating at only 20-30 percent of normal capacity and some of them have stopped operating.

Egypt’s total wheat imports are expected to increase slightly during this marketing year. With respect to imports, the U.S and Australia are expected to dominate the Egyptian market this year due to the absence of non-traditional suppliers this year. US wheat exports to Egypt are expected to increase substantially this year if the current trend continues. The U.S market share since the beginning of MY 2003/04 July through end of January) is estimated at 65.6 percent of Egypt’s total wheat imports and 81 percent of GASC imports. This is compared to 23.4 and 34 percent market share respectively during MY 2002/03. In an attempt to find ways to secure wheat for public sector mills, on November, 11, 2003, the government of Egypt and Syria clinched an agreement to import 200,000 MT of semi hard wheat at a reported price of $ 157 per MT/ FOB. Reportedly, 25,000 MT of Syrian wheat arrived in Egypt and, 75,000 MT is expected to arrive during March and April, 2004. GASC is currently negotiating with the Syrian government for another 200,000 MT of wheat at an undisclosed price.

Imports of wheat flour have become insignificant and are now limited to international donations including the 30,000 MT donated by the EU during this marketing year, and about 10,000 MT from the World Food Program. Customs duties for wheat and corn are 1 percent plus 2 percent other port charges.

The Government has a policy for GASC to maintain 4 6 months of strategic stock. However, due to limited storage capacity, the strategic stocks are now redefined to include wheat import purchases in the pipeline, usually in the range of three months of consumption needs. At the present time, total covered storage capacity for wheat is estimated at one MMT, including about 350,000MT in silos at three different ports, about 250,000 MT in inland silos and about 400,000 MT in open storage mostly in metropolitan areas. In addition to the government storage facilities, several private sector traders and mills currently have their own receiving and storage facilities, estimated to be about 500,000 MT.
MGR Archive 1.3.2004
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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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