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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World Wheat Trade Boosts
World wheat trade is projected to reach 108 million tons in 2004/05, up by nearly 1 million this month. The largest increase in imports is for the EU-25, up 0.5 million tons to 5.5 million as purchases of high-quality bread wheat used for blending have been stronger than expected. Small increases in forecast imports for Georgia, Mozambique, Ghana, and Jamaica combine to boost world wheat trade a further 0.3 million tons this month.

World wheat trade is up nearly 3 million tons in 2004/05 compared with the previous year because China’s imports are expected to double, reaching 8 million tons. Imports by the rest of the world are forecast down slightly.

Data on export shipments and sales indicate that Argentina and the United States are the exporters benefiting most from the larger-than-expected world wheat trade. U.S. 2004/05 wheat exports are forecast up 0.5 million tons to 27 million (up 25 million bushels to 1.025 billion bushels for June-May). U.S. Census exports for July-December 2004, plus export inspections for January 2005, plus outstanding export sales at the end of January, total 21.7 million tons, down 3.8 million from the previous year. This month’s increased export forecast implies a 5.3-million-ton decline for the trade year, so sales in the remainder of the year are still expected to lag the previous year’s pace significantly. Argentina has shipped old-crop wheat during the first half of the July-June trade year at a faster pace than expected, tightening stocks. Moreover, recent sales of new-crop wheat have been robust, especially to markets other than Brazil. Exports from the new crop are expected to move relatively quickly, boosting 2004/05 July- June exports to 11.5 million tons, up 1 million this month. Partly offsetting the increase in Argentina’s exports is a 0.5-million-ton reduction in projected exports by Kazakhstan to only 3.5 million, the lowest in 6 years. The pace of wheat exports by Kazakhstan has been slow because of the large crops in most of the nearby countries. The same reasons supported a small reduction in forecast exports for Romania.

EU-25 wheat exports were unchanged this month even though the commission has begun to subsidize wheat exports through weekly restitutions. The initial level of restitutions was small, so it is uncertain how much effect the restitutions will have on wheat exports.
MGR Archive 20.2.2005
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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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