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
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EU - Decline in Corn use
FAS-EU, May 21, 2004
EU-25 feed use of corn declined from 38.5 MMT in 02/03, to just 35.2 MMT in 03/04 following the drought ravaged crop in 03/04. With a good harvest expected in 2004, a reversion to a more typical feed use level of 40.2 MMT is predicted.

The poor French corn crop in 03/04 lead to lower feed use of corn in the Netherlands, replaced by rye, barley, tapioca and feed peas. Some imports are still expected from Hungary and Argentina during the remaining months of the 2003/04 MY. However, the feed industry is reporting to prefer to wait for the French new crop and its lower expected prices, so there is a certain reluctance to import during the last couple of months of the 03/04 marketing year.

In the Netherlands, the new biotech traceability and labelling Regulations are not expected to have any impact on the 1.2 MMT of Corn Gluten Feed imported each year.

Non feed corn consumption in Spain is stable. Around 800,000 MT of corn by products are used in the feed industry each year. The EU’s recent traceability and labelling Regulations concerning biotech production could impact on this trade from the US if varieties planted in the US are not approved in the EU, though trade sources indicate that they do not think this will be a problem in 2004/05. Spanish feed corn demand is expected to decline a little in 04/05 as wheat and barley are favoured in feed.

Overall Polish feed demand is expected to fall by around 1 MMT in 04/05. With lower feed demand and improved domestic supply of corn, import demand should fall substantially. It should be noted that there is a degree of trade off between rye and corn in Polish feed use, so their relative prices should help to indicate feed use levels over the course of MY 04/05.

In 03/04, the poor European availability of corn led to imports of 5 MMT from extra-EU sources, including 2.1 MMT to Spain, some paying the full EU import duty and over 700,000 MT of Brazilian corn to Italy.

MY 04/05 extra-EU imports of corn are predicted to decline to just 1.6 MMT due to a good domestic crop. This figure is also based on the Hungarian exportable surplus of 1.55 MMT being competitive on Spanish and Italian markets displacing extra-EU imports, particularly under scenarios with high prices of U.S. and Argentine corn.

In Germany 2003/04, total imports of corn are expected to end at around 1 MMT, with fewer exports than normal. In 04/05, forecasts are based on exports rising and import levels being reduced.
MGR Archive 22.5.2004
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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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