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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Global rice production in 2004/05 is projected at 402.1 million tons
Global rice production in 2004/05 is projected at 402.1 million tons (milled basis), up almost 4 million tons from last month’s forecast and more than 3 percent larger than a year earlier.

However, production still remains below the 1999/2000 record of 408.7 million tons. Global consumption is projected at 411.2 million tons, down slightly from last month’s forecast and 2.5 million tons below the year-earlier record. Global ending stocks for 2004/05 are projected at 76.8 million tons, up 5 million tons from last month’s forecast but 11 percent below a year earlier. Ending stocks projections were raised this month for India, China, and Brazil. Global ending stocks are the lowest since 1983/84. At 18.7 percent, the stocks-to-use ratio is the lowest since 1981/82.

India—the world’s second largest rice producing country—accounts for the bulk of this month’s upward revision in the 2004/05 global production forecast. India’s production forecast was raised 3 million tons to 86 million based on information from the Government of India reporting a larger crop. Production forecasts were raised for four other countries this month. First, Brazil’s 2004/05 crop was raised 300,000 tons to 8.2 million based on larger area. Despite the upward revision, area and production in Brazil are down from a year earlier. Second, Vietnam’s production was raised 636,000 tons to a record 22.14 million based on both larger area and a higher yield. Vietnam’s 2003/04 production estimate was revised up this month as well. Expectations of a higher yield raised Uruguay’s 2004/05 production forecast 51,000 tons to 800,000. Finally, Senegal’s production forecast was increased 34,000 tons to 164,000 tons, a result of both larger plantings and a higher yield. India, Vietnam, and Uruguay export rice, while Brazil and Senegal import rice.

There were two relatively small 2004/05 crop reductions this month, both in Latin America. First, Panama’s 2004/05 production forecast was lowered 50,000 tons to 150,000 based on a much lower yield. Panama’s recently harvested crop was severely damaged by the spinky mite pest. USDA is closely monitoring the extent of the damage to Panama’s rice crop caused by the pest. And second, the Dominican Republic’s crop was lowered 5,000 tons to 275,000 due to smaller plantings. The country experienced severe storms in late 2004 that damaged the rice crop.

There were only two production revisions for 2003/04. First, Vietnam’s production estimate was increased 114,000 tons to 22.08 million tons based on larger plantings of the summer-autumn crop. And second, Russia’s crop estimate was lowered 7,000 tons to 293,000 tons based on a lower yield.
MGR Archive 13.2.2005
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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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