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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Australian grain crop below projections
Australia’s 2004/05 wheat production is forecast at 20.5 MMT, down 1.0 MMT from Post’s previous forecast (see GAIN Report #AS4036, dated 10/26/04), and well under the record 2003/04 crop of 25 MMT. Barley production in 2004/05 is forecast at 6.5 MMT, down 500,000 MT from Post’s previous forecast (AS4036), and also well under last year’s record crop of 8.63 MMT. Lower expected wheat and barley production in 2004/05 is attributed to dry, hot weather that has reduced yield prospects.

Indications of significant quality downgrading due to weather is being reported from many of the key winter grain producing areas. Grain harvest is ongoing and will extend into the first of the new year.

Lower grain exports are forecast for wheat and barley in 2004/05, due to the reduced production expectations. Post forecasts wheat exports in 2004/05 (Oct-Sep) at 15.75 MMT, down three percent from the previous forecast and 12 percent lower than the revised export estimate for 2003/04. Barley exports in 2004/05 (Nov-Oct) are forecast at 3.3 MMT, down eight percent from the previous forecast and 45 percent lower than exports in 2003/04.

The outlook for Australia’s 2004/05 summer crop season is improved from last year. Notably, relatively favorable recent rainfall in northern New South Wales and southern Queensland has boosted production prospects for cotton and sorghum. Severe deficiencies of irrigation water are expected to sharply curtail output of rice, which is grown in more southern areas of New South Wales.

The outlook for Australia’s 2004/05 summer crop season is improved from last year. Notably, relatively favorable recent rainfall in northern New South Wales and southern Queensland has boosted production prospects for cotton and sorghum. Severe deficiencies of irrigation water are expected to sharply curtail output of rice, which is grown in more southern areas of New South Wales.
MGR Archive 15.12.2004
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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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