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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China raise expectations
According to unofficial local sources, China mainland is likely to gather a much higher production this year than previously anticipated, reflecting a more optimistic outlook for the intermediate and late rice crops. Based on the latest forecasts, the country could gather 185.1 million tonnes, 4 million tonnes more than formerly expected, and 15 percent (or 24 million tonnes) above last year. The increase from the 2003 season was prompted by the rise in market prices but also by the reintroduction of incentives to farmers, in the form of tax exemptions, minimum protective prices and, for the first time, of direct payments to grain growers. In addition, the land planted with improved rice varieties was boosted by the incorporation of special rice strains to the list of commodities benefiting from seed subsidies in 13 major grain-producing provincial areas. In November, however, the sector was reported suffering from insufficient rainfall in the Southern Provinces, especially of Guangdong and Guangxi, which may have impaired the development of the secondary late-season crops. So the production forecast could be subject to further revisions.

The outlook for global paddy production in 2004 has been revised upward by 3 million tonnes to 611 million tonnes, mainly on account of expectations of higher crops in China, the major world rice producing country, but also in Indonesia, the Philippines, the United States and Viet Nam. Improved prospects in those countries more than compensated for the scaling down of production forecasts in Cambodia, Japan, Peru and Thailand. Prospects also deteriorated in parts of Africa, where crops have been impaired by irregular and inadequate precipitation and by locust infestations. If confirmed at 611 million tones, world paddy production this season would be 27 million tonnes higher than in 2003 and close to the record achieved in 1999.


MGR Archive 26.12.2004
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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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