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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Korea Wheat and corn post increased
Based on sales contracts to date and trade indications, post has increased its estimate of MY 2004/05 feed wheat imports to 1.5 MMT; a 600,000 MT increase over MY 2003/04 feed wheat imports. Milling wheat imports are expected to remain stable in MY 2004/05 at 2.45 MMT. Accordingly, total MY 2004/05 wheat imports have been raised to 3.96 MMT in this report.

Feed wheat contracts from the Black Sea rebounded during the first half of the marketing year. Compared with the feed wheat tonnage under contract at this time last year, 2004/05 contract quantities have improved considerably.

Traders report that feed wheat offering prices available to the Korean market are relatively attractive compared to prices for corn. Feed wheat use in MY 2003/04 amounted to 0.94 MMT according to Korean government and industry reports. Imports of milling wheat are expected to continue to experience 2-3 percent annual growth. The estimate for MY 2003/04 wheat imports was increased to 3.3 MMT to account for higher than expected imports for instant noodle production. Imports of U.S. milling wheat accounted for 1.35 MMT (56 percent) of the total milling wheat imports in MY 2003/04.

Wheat flour export estimates in the following PS&D reflect data provided by the Korea Flour Millers Industry Association (KOFMIA).

In MY 2004/05, FAS/Seoul revised total corn consumption down to 8.5 MMT from the previous forecast of 9.3 MMT because 1) corn consumption for processing purposes is expected to decline to 2 MMT from the previously forecast 2.3 MMT due to the slow economy, and 2) the feed corn consumption forecast, which was originally placed at 7 MMT, has been lowered to 6.5 MMT due to an expected increase in feed wheat imports.

In MY 2004/05, the production of compound feed for poultry is expected to remain unchanged from MY 2003/04 at 3.8 MMT. Lack of growth of poultry compound feed production is due, once again, to the sluggish economy, and to disease outbreak problems. In MY 2003/04 poultry compound feed production fell 3 percent as compared with MY 2002/03 in most part because of an outbreak, in the first quarter of 2004, of Highly Pathogenic Avian Influenza (HPAI).
MGR Archive 26.11.2004
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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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