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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EU-25 grain supplies considerably higher
With a banner grain harvest of 285 MMT across the EU-25, domestic grain supplies are considerably higher than domestic feed and food requirements. This has lead to depressed prices on the EU market. However, with the Euro rising against the US Dollar, the export outlook for EU grains is not spectacular, particularly with the European Commission having only granted export subsidies for barley so far during MY 04/05.

Wheat production of 136.6 MMT will see higher feed use of wheat, rising 7 MMT to 54.7 MMT.
With exports set at 15.7 MMT, based on a weak dollar and no or only limited use of export subsidies by the European Commission, wheat stocks are forecast to double during MY 04/05 from 11.1 MMT to 22.2 MMT, with significant quantities ending up in EU intervention stores.
Should the European Commission decide to aggressively use export subsidies for wheat, or if the Euro reverses the trend of appreciating against the US Dollar, coupled with solid demand from key North African and Middle Eastern markets then the export figure would rise at the expense of stocks.

Despite a barley crop rising by 8 MMT to 62.1 MMT in MY 04/05, barley feed use is expected to decline by 2.5 MMT to 37.7 MMT due to the widespread availability of cheaply priced feed wheat. If only a very mediocre export figure of 2.4 MMT is realised, then barley stocks will also rise significantly from 5.3 MMT to 12.2 MMT.

Corn production also rebounded by almost 12 MMT to 52.2 MMT in MY 04/05, leading to a decline in EU corn imports to just 2.6 MMT and nearly 5 MMT additional corn being used as feed to give total feed use at 40.4 MMT.

Rye production has stabilised at a fraction under 10 MMT. The removal of rye from the list of grains that can be offered to EU intervention had already reduced rye production in Germany. However, Germany and Poland, the two key rye producing areas in the EU, farmers have only limited options to move away from planting rye.

Mixed grain output, including triticale, rose from 11.7 MMT in MY 03/04 to 15.7 MMT in MY 04/05. Used almost exclusively as feed, mixed grain provides an important component of EU feed grain demand.
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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