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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US and Global Coarse grains outlook 2004/05
USDA, May 11, 2004
The outlook for 2004/05 is for increased feed-grain production, expanding domestic use and exports, lower ending stocks, and higher prices. The U.S. 2004/05 corn crop is projected at 10,425 million bushels, 3 percent above last year's record. The projection is based on Prospective Plantings, harvested-to-planted relationships for 1998-2003 (omitting 2002), and trend yields, adjusted for rapid planting progress. The larger corn crop is mostly offset by smaller projected carryin stocks, leaving total 2004/05 corn supplies marginally above this year's level.

Total use of corn in 2004/05 expands due to gains in domestic use and exports. Food, seed, and industrial use is expected to increase 125 million bushels largely due to increased use of corn to produce ethanol for fuel. Projected feed and residual use declines due to lower expected feed cattle and hog numbers and increased use of ethanol byproducts. U.S. corn exports are up 50 million bushels, largely because of less competition from China. With use exceeding production, 2004/05 ending stocks of corn are down 65 million bushels. The projected price range for corn is $2.55 to $2.95 for 2004/05, compared with $2.45 to $2.55 for 2003/04. Projected stocks of other feed grains are little changed.

The global coarse grain outlook for 2004/05 is for sharply higher production, but for use to exceed production and for stocks to decline again. Larger crops are expected in the EU-25, the United States, other Europe, Argentina, Ukraine, and several other countries. Although global coarse grain use is up 8 million tons (1 percent), global coarse grain imports are down just over 1 million tons. U.S. and Argentine corn exports are expected to expand while those of China and Brazil decline. Although China's historical corn stocks have been revised upwards (see page 35 for more information), the dramatic decline in those stocks in recent years is expected to continue in 2004/05. Primarily due to the decline in China's corn stocks, global coarse grain stocks are down nearly 18 million tons. However, stocks in the EU-25 are up 3 million tons, while the combined stocks of several major export competitors are up more than 1 million tons.
MGR Archive 13.5.2004
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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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