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 Rice Acreage report & World global rice production
WASDE, July 12, 2004
U.S. rice production in 2004/05 is projected at a record 223 million cwt, 2.5 percent above last month and 12 percent above 2003/04. Estimated harvested area of 3.32 million acres reported in the NASS Acreage report is 82,000 acres above last month, 321,000 acres above 2003/04 and the highest since 1999/2000. The projected yield for 2004/05 is unchanged at a record 6,721 pounds per acre. Long-grain rice production is projected at 164 million cwt, nearly 1 percent above last month and 10 percent above 2003/04. Combined medium- and short-grain rice production is projected at 59 million cwt, 7 percent above last month, nearly 18 percent above 2003/04, and the largest crop since 2000/01. Beginning stocks for 2004/05 are projected at 23.8 million cwt, nearly 9 percent above last month. Projected imports for 2004/05 are raised slightly to 15 million cwt.

On the use side, domestic and residual use and exports are increased from a month ago. Domestic and residual use is projected at 120.1 million cwt, about 2 percent above last month, and nearly 3.5 percent above 2003/04. Exports in 2004/05 are projected at 114 million cwt, nearly 3 percent above last month, and about 13 percent above the revised 2003/04 estimate. Milled and brown rice exports are projected at 77 million cwt (rough basis), nearly 6 percent above last month, while rough rice exports are projected at 37 million cwt, about 3 percent above 2003/04. Ending stocks are projected at 27.7 million cwt, nearly 12 percent above last month, and 16.5 percent above 2003/04. The season-average farm price range for 2004/05 is lowered $2.00 per cwt on each end to $6.25 to $6.75 per cwt compared to $7.45 per cwt for 2003/04. The lower price is based on expected weaker global prices and a narrowing of the price premium between U.S. and major competitors.

Projected global 2004/05 production and ending stocks are increased from a month ago, while imports, exports, and consumption are nearly unchanged. World production is projected at 405.2 million tons, 5.4 million tons above a month ago, and up 18.6 million tons from 2003/04. The increase in global production is primarily due to a larger crop projected for China.
China's 2004/05 rice crop is projected at 126.0 million tons, 4 percent above last month, 12 percent above 2003/04, and the largest crop since 2000/01. The increase is based in part on data from the Government of China that show a larger increase in area than projected a month ago. Global ending stocks in 2004/05 are projected at 70.9 million tons, nearly 6.0 million tons above last month, but 12.1 million tons below the revised 2003/04 estimate. Projected ending stocks are up primarily in China, Japan, and Thailand.

Note: The rice consumption and stocks series for Japan are revised from 1989/90 to 2004/05 based in part on official stocks information from the Government of Japan and further analysis. Additionally, the rice consumption and stocks series for Thailand are revised from 1999/2000 to 2004/05 based on information from the U.S. Agricultural Counselor in Bangkok and further analysis.
MGR Archive 13.7.2004
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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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