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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Nigeria - Annual Wheat Report 2004
USDA, April 22, 2004
Exports of U.S. wheat to Nigeria in MY 2003/04 are estimated at 2.2 million tons, up from 1.9 MMT and 1.7 MMT in MY 2002 and MY 2003 respectively. U.S. wheat exports to Nigeria in MY2004/05 are forecast at 2.3 MMT. The growing importance of Nigeria as a destination for U.S. wheat is striking, with Nigeria maintaining its position as the leading export destination for U.S. hard red winter wheat and the fourth overall largest export market for U.S. wheat in MY2003/04. Available trade figures indicate that U.S. wheat accounts for more than 90 percent of Nigeria’s total wheat imports in MY2003/04. The rise in imports is fueled by rising consumption of bread, which is now a major staple among Nigerian consumers.

Nigeria’s domestic grain production in MY2004/05 is forecast to increase five percent. The forecast is based on the timely arrival of rains in the grain belt. Nigeria could have achieved a bumper grains crop in MY2003/04, if not for shortages of organic fertilizer and flooding of some rice and cornfields. The decision of the GON to apply the 25 percent subsidy on fertilizers, created scarcity conditions and resulted in higher product prices to growers. The retail price of a 50-kilogram bag of NPK increased to a record level of 4,000 Naira, up from an average of 2,000 Naira a year earlier. Utilization of fertilizer products is limited by its high cost, often resulting in low crop yield levels, especially for fertilizer-dependent crops such as corn and rice.
President Obasanjo is promoting increased food production in the country through a new initiative called the “National Special Program for Food Security.” The program focuses on innovative approaches to soil conservation and fertility improvement and water use for crop production, crop intensification and diversification to attain food security and alleviate poverty. The program aims at improving farmers’ productivity and income. Field visits to northern grain production zones revealed that farmers are responding favorable to the new initiative.
Exchange Rate: US$1 = 135 Naira
MGR Archive 23.4.2004
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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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