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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Turkish corn production is forecast to increase
The corn harvest is continuing for first-crop corn in Turkey. The first-crop corn harvest is expected to be completed around mid-October, which is about the same time the harvest of the second-crop corn starts in Cukurova. Industry MY 2004 corn crop estimates vary from 2.6 MMT to 3.5 MMT. The primary reason for this large variation is last year’s estimate. Almost all sources based the new crop estimate on the previous year’s estimate. Some sources believe that last year’s official estimate (2.8 MMT) was too high. As the season developed and trade numbers became clear, many industry sources reduced their estimates. Most industry representatives now believe that MY 2003 corn production was around 2.5 MMT. This is the result of a similar reduction in the planting area. Post-estimated corn acreage and production for MY 2003 revised downward to 625,000 hectares and 2.5 MMT. In MY 2004, the planting area is estimated to increase by 12 percent over this revised estimate. The weather was also very favorable during the growing season, increasing yields as well. As a result, MY 2004 corn crop is forecast at 3 MMT on 700,000 hectares.

Total imports are estimated to decline to 500,000 MT in MY 2004 due to the increase in supply. The GOT assigned a 900,000 MT quota for corn imports with 25 percent import duty for the period of May through August 2004. About 90 percent of this quota was used and total imports are now estimated around 900,000 MT, including other imports from corn and product exporters who can import without paying any duty. As a result, PSD import data is also revised upward from 700,000 MT to 900,000 MT in MY 2003. The corn import duty is still 25 percent, however, there is no import quota available. It is expected that the GOT will increase the duty soon again.
MGR Archive 10.10.2004
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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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