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 crop for medium & short grain rice
ERS, September 17, 2004
Total U.S. supplies of combined medium/short grain rice in 2004/05 are projected at 75.8 million cwt, up 2 percent from last month’s forecast and 15 percent larger than a year earlier. These are the largest supplies since 1983/84. This month, a big increase in the beginning stocks estimate more than offset a smaller crop projection. On an annual basis, a larger crop and bigger carryin more than offsets smaller imports.
At 12.4 million cwt, 2004/05 beginning stocks of medium/short grain rice are up 3.3 million cwt from last month’s forecast and 33 percent above a year earlier. The revised combined medium/short grain crop forecast of 59.2 million cwt is 18 percent larger than a year earlier. This year’s larger crop forecast is primarily due to a record California crop. Combined medium/short grain imports—projected at 4.25 million cwt—are down 26 percent from the 2003/04 revised record.
Total use of medium/short rice is projected at 61.1 million cwt, up 2 million from last month’s forecast and 14 percent higher than a year earlier. Projections for both exports and domestic use were raised this month. Exports are projected at a nearrecord 25 million cwt, up a million from last month’s forecast and 9 percent larger than a year earlier. The upward revision was based on larger U.S. supplies and a weaker 2004/05 crop in Australia—a major U.S. competitor.
Total domestic and residual use of medium/short grain rice is projected at 36.1 million cwt, up a million cwt from last month’s forecast and 18 percent larger than the year earlier revised level. Both increases are based on expectations of greater use of medium/short grain rice in processed foods and products in 2004/05. Ending stocks of medium/short grain rice are projected at 14.7 million cwt, down 2 percent from last month and 19 percent larger than a year earlier. The stocks-to-use ratio is projected at 24.1 percent, up a percentage point from a year earlier. The combination of much larger supplies, expectations of a large carryover, and a high stocks-to-use ratio are expected to lower medium/short grain prices substantially from this year.
MGR Archive 18.9.2004
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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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