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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Drop in Canadian corn production
Canadian corn production for 2004/2005 is forecast to decline 13% to 8.4 MMT, as a result of decreased seeded acreage. Imports of corn, especially into eastern Canada are forecast to increase 14% from 2003/2004, as a result of large imports from the United States. Despite the decline in the overall production levels from last year, corn production and yields were stronger than expected as a result of the warm fall weather. The poor weather conditions during the summer months resulted in many processors and buyers purchasing corn from the United States, where the supply is large and prices are cheap, to ensure that their needs were met. Ontario corn producers are now faced with no market for their grain as imports of corn from the U.S. are expected to remain high; prices remain low, and feed wheat and feed barley from western Canada is flooding into Ontario, diminishing the need for corn as feed. As a result of the decrease in production, exports of corn are expected to decline by 4% from 2003/2004 export levels.

Production of corn in western Canada significantly declined this year as a result of the poor weather. In Manitoba, the corn crop was a virtual write-off. As a result, corn imports into Manitoba are forecast to increase in order to meet the needs of poultry and hog producers and other industries. Corn imports in Manitoba could reach 1 MMT in 2004/2005. On the other hand, large feed wheat and feed barley supplies domestically are moderating the need to import corn into Alberta.
MGR Archive 9.12.2004
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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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