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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Philippine corn production
Philippine corn production is expected to reach record level in CY 2004 due to increased use of good quality corn seed and generally favorable growing weather conditions during the period. Higher yields and increased area planted are expected during the period, enhanced by higher-than-usual local corn prices. Around 28 percent of the country's total corn area used higher yielding seeds (hybrids and Bt corn) during the year, according to a local corn expert. Although the GRP is predicting the occurrence of another El Nino weather disturbance starting at the end of 2004, Post does not expect this to significantly affect MY04/05 corn production. Corn output in MY04/05 is expected to surpass its MY03/04 level.

Overall food grain consumption continued to grow in MY03/04 with both food corn and wheat flour consumption growing slightly. Recent and successive oil price hikes, however, have resulted in increased food prices which is expected to result in a slight contraction in overall food grain consumption the following year, MY04/05. While food corn consumption is likely to continue growing during the period, food wheat is expected to contract due to prevailing high wheat prices. More Filipinos are also likely to consume more rice to compensate.

Strong feed demand persisted in MY03/04 although there were some shifts in feed grain consumption patterns. Because of high wheat prices, feed millers used more local corn and less feed wheat.

Roughly a million ton of feed wheat is consumed annually by the Philippine feed consuming industries. Most feeds are consumed by the hogs sector, followed by the local poultry industry. The Philippine aquaculture sector comes third, but it has been expanding rapidly in recent years. While all three sectors have been growing recently, high feed grain prices, coupled with increasing food prices due to rising inflation, are likely to slow down feed consumption in MY04/05 compared to its previous year’s level. GRP analysts have already raised year-on-year inflation targets and predicted a slowdown of the domestic economy for 2004.
MGR Archive 22.12.2004
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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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