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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Record Foreign Wheat Production Increase in 2004/05
International News
Foreign wheat production is expected to reach 562 million tons in 2004/05, up 73 million from the previous year. According to the USDA data base going back to 1960, the previous largest increase in foreign wheat production was 68 million tons in 1978/79. In 2004/05 wheat production in Europe, from Russia through Spain, rebounded from the previous year’s cold winter and hot, dry, spring-summer, to enjoy generally favorable growing conditions. In some countries where production problems have occurred, such as Canada, quality suffered more than the quantity produced. While favorable prices and government policies boosted forecast foreign area 4.2 percent, the better weather helped increase average yields 10.5 percent.
This month harvest reports across several countries in the EU-25 contributed to boost forecast 2004/05 production 1.4 million tons to 136.7 million. The largest increases this month were for Poland and Germany. Despite the huge EU wheat crop, the Commission has not resorted to export restitutions to subsidize wheat exports as it has for barley. Intervention stocks are low after the previous year’s tight supplies, and program reforms have limited the amount of wheat being offered by producers into government intervention.
Significant export volume has moved without restitutions, but not enough to meet USDA’s previous forecast, which was reduced 0.5 million tons this month to 15.0 million. While projected EU-25 wheat use was increased 0.5 million tons to 116.8 million tons, ending stocks are up 1.4 million to 19.3 million.
Wheat production prospects in Argentina increased 1 million tons this month to reach 16 million. At the end of December harvest was over 80 percent complete, and good yields, especially in Buenos Aires Province, have boosted expected production. The additional production is expected to be exported, increasing projected exports 1 million tons. Argentina’s local marketing year (December- November) exports are forecast to reach 10 million tons, but the 2004/05 July-June international marketing year exports are expected to reach 10.5 million. Even though purchases by Brazil, Argentina’s largest wheat market, have been weaker this year because of a large crop in Brazil, that has been more than offset by aggressive sales to Mediterranean markets and to Asia.
MGR Archive 20.1.2005
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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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