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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Brazilian Rice production UP
Post raised the area and production estimate for 2003/04 in accordance with CONAB final figures. Post also raised the production forecast for 2004/05 to 11.6 million tons, which is 1.2 million tons less than the previous year. Post forecasts production in Mato Grosso to fall by nearly half this year as producers opt to plant soybeans due to the rising cost of inputs. At the same time that input, particularly fertilizer, costs have been soaring, domestic prices have been falling due to the large domestic and Mercosul harvest last year. Many producers in all rice producing regions are frustrated over lack of liquidity for last year’s crop and may switch to soybeans, which offer the potential for greater profit margins next year and for which it is easy to obtain production financing. Another factor that should lead to reduced plantings in Mato Grosso is the state government’s action of raising the ICMS tax, which is a tax levied on rice exported out the state. The increase is meant to support rice producers in the state but the result has been less demand for rice from Mato Grosso by mills in neighboring states, which has impacted prices.
MGR Archive 6.10.2004
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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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