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Australia Wheat Crop
Australian grain company AWB Ltd. (AWB.AU) is holding unchanged a production estimate for the new wheat crop in a range of 20 million to 22 million metric tons, Ryan McKinlay, a company spokesman, said Tuesday.

Harvesting of the crop is all but finished, he said, with only some late crops mostly in western areas of Victoria state still being stripped.

"Quality has been generally good," he told Dow Jones Newswires.

AWB operates a bulk wheat export monopoly from Australia.

With a domestic market of around 6 million tons, growers likely will have delivered between 14 million and 16 million tons to AWB for collective sales through its export pools.

McKinlay wouldn't disclose the exact figure, however.

AWB's production estimate is broadly in line with other recent forecasts, including an early January production estimate of 20.5 million tons by the U.S. Department of Agriculture's local attache.

The USDA Jan. 12 estimated new crop production in Australia at 21.5 million tons.

Actual output last crop year ended March 31, 2004, was a record 26.2 million tons, according to the USDA.
MGR Archive 26.1.2005
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Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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