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   

 Main Page
 Home Page of This Title
 Medium Grain Rice Market
 Global Market News
 Grain News
 Pulses News
 Global Overview
 Importers Profile
 Exporters Profile
 What Is Rice
 History Of Rice
 Rice Harvest Seasons
 Rice Processing
 Rice Nutrition Facts
 Meals With Rice
 INCO Terms
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Commodity Exchange
Search in news database
Egypt Buys 295,000 Tons of Wheat
Egypt, one of the largest importers of wheat worldwide, agreed to buy 295,000 metric tons of the grain from France, Argentina and the U.S. The transaction consolidates Argentina as a main supplier of wheat to Africa.

France will supply 120,000 tons at $139 a ton, the General Authority for Supply Commodities said in a statement read at its offices in Cairo today, detailing the result of a tender for shipments to be delivered from Feb. 16 to Feb. 28. Prices are free on board, meaning that they do not include freight charges.

Egypt also will purchase from Argentina one cargo of 60,000 tons and another one of 55,000 tons, for undisclosed prices. One 60,000-ton shipment of U.S. soft white wheat will be bought for $142.47 a ton, the main state grain-purchasing authority said.

Argentina's wheat exports to the Mediterranean and Africa have increased at the expense the United States, as the South American nation is able to offer lower prices for the grain thanks to a harvest that is 11 percent bigger than last year, according the U.S. Department of Agriculture.

In the previous tender, on Dec. 30, Egypt bought Argentine wheat at an average price of $107.82, the Egyptian purchasing authority said at the time.

Even with near-record freight rates caused by high oil prices, ``Argentine wheat has still been quite attractive, especially in Egyptian tenders,'' said a U.S. Agriculture Department report on Dec. 10. Argentina was the seventh-largest wheat producer, and fourth-largest exporter, in 2004, it said.

Top Buyers Worldwide

Egypt is one of the five largest wheat buyers in the world, along with Brazil, Japan, China and Algeria, according to the London-based International Grains Council.

Egypt was the third largest buyer of U.S. wheat in the last marketing year, ended June 30, behind Nigeria and Mexico, according to the U.S. Department of Agriculture. Its imports from all origins totaled 6.87 million tons from July 2003 to June 2004, with 55 percent bought from the United States.

The U.S. remains the General Authority of Supply Commodities' top supplier of wheat so far this marketing year, followed by Argentina and then France, according to figures compiled from tender announcements in Cairo. Australia, Canada, Russia and Syria also sell wheat to Egypt.

Egypt plans to increase its storage capacity for wheat and other grains by 1.5 million tons to 3.5 million tons, to reduce losses in handling, increase food security and shield itself from price fluctuations, the state-owned Al-Ahram newspaper quoted Internal Trade Minister Hassan Ali Khedr as saying on Dec. 21.
MGR Archive 16.1.2005
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
      Forgot your Password?
Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
Click for Details

Medium Grain Reports
Rice Market News
World Rice Markets and Trade
USDA Country Reports
Rice Market Monitor
Rice Outlook
Italian Paddy Supply
European Rice Weekly
EU Reports
Convert this amount:

  © 2002 All rights reserved. - Legal Notice