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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Bumper crop projected for 2004/05 U.S. Rice Market
ERS, November 30, 2004
U.S. rice supplies are projected to increase 10 percent in 2004/05 to a record 265.8 million hundredweight (cwt) (rough basis), as a record harvest more than offsets a smaller carryin and a decline in imports. Long grain supplies are projected at 187.5 million cwt, up 7 percent from a year earlier. Combined medium/short grain supplies are projected at 77.4 million cwt, an increase of 17 percent and the largest since 1983/84.

At 23.7 million cwt, beginning stocks of all rice are nearly 12 percent below a year earlier and the smallest since 1999/2000. Arkansas accounts for the bulk of the decline in beginning stocks in 2004/05. Imports are projected at 14.5 million cwt, 7 percent smaller than the year-earlier record. Medium/short grain accounts for all of the projected decline in 2004/05 U.S. rice imports.

The 2004/05 (August-July) U.S. rice crop is forecast at a record 227.65 million cwt (rough basis), up 14 percent from a year earlier, a result of both increased plantings and a record yield. At 3.36 million acres, rice plantings are up more than 11 percent from a year earlier and the largest since 1999/2000. The average yield is projected at 6,828 pounds per acre, up 3 percent from a year earlier and the fifth consecutive year of a record U.S. average field yield.
Production is projected to be larger in 2004/05 for all three classes of U.S. rice--long, medium, and short grain.

Rice acreage is projected larger in 2004/05 in all reporting U.S. rice growing States except Mississippi where area is virtually unchanged from a year earlier. Arkansas, California, and Louisiana account for the bulk of this year’s 11-percent increase in total rice harvested area, with California’s plantings one of the highest on record.
Strong prices at planting were behind the 2004 U.S. rice area expansion. Field yields are projected higher for all reporting States in 2004 except Louisiana and Texas, with record yields projected for Arkansas, Mississippi, and Missouri. Rice production is projected larger this year in all reported States, with record crops projected for Arkansas and California. These two States account for the bulk of the projected increase in U.S. rice production in 2004.

The 2004/05 U.S. season-average farm price (SAFP) is projected at $7.00 to $7.50 per cwt, compared with $7.49 a year earlier. The 2003/04 SAFP was up 67 percent from a year earlier and the highest since 1998/99. The price strength in 2003/04 was the result of a 9-percent decrease in U.S. supplies and slightly higher global trading prices. In 2004/05, downward price pressure from a bumper crop and record U.S. supplies will be somewhat offset by another year of stronger global trading prices. In 2004/05, the combination of tighter world rice supplies and higher prices for Thailand’s intervention purchases of rough rice from its growers are expected to push global trading prices higher than a year earlier.
MGR Archive 1.12.2004
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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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