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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Dominican Republic rice crop smaller
Heavy rains in the main Dominican rice production areas in late May had a moderate affect on the principal Dominican rice crop, which is harvested in the May-June period. Although flooding was severe in some nonagricultural areas, with considerable loss of life, the main rice-producing region did not experience severe damage. Post estimates for 2004 production are being reduced by 25,000 metric tons to 280,000 to reflect the smaller harvested crop. Estimates for the 2005 crop are for no change in planted area and a return to a production level of 300,000 metric tons. Political considerations may have an impact on future rice production, since the rice industry will likely not receive as much support as it did under the President Hipólito Mejia, who lost his reelection bid in May 2004.

Consumption in 2004 has shown modest growth over the first half of the year, in spite of domestic price increases. Population growth, cross-border trade with Haiti, and higher demand from the tourist sector appear to be main reasons for the increase. Domestic consumer rice price increases, mainly due to the devaluation of the peso, will limit any larger increase of rice consumption. As a result, Post’s estimate for 2005 consumption remains at 335,000 tons.

The moderately lower rice crop in 2004, implied imports of 25,000 to 35,000 metric tons to meet normal market requirements. However, the presidential election held in the Dominican Republic on May 16, 2004, seems to have had an impact on rice imports. The typical period in which the Dominican Republic must import rice is during January-April, prior to the beginning of the main harvest in May. In order to ensure ample rice supplies leading up to the election, it appears that permits were granted for unusually large rice imports. These decisions were made well before the weather-related problems occurred in late May. Also, since domestic rice prices are roughly double international prices and imports were authorized without applying normal import duties of 20 percent, profits in excess of one hundred percent on the sale of the rice into the domestic market may well have influenced the levels imported. Imports for 2005 are expected to return to more market-driven levels of 35,000 metric tons.
MGR Archive 1.8.2004
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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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