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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Grain prices expected to rise in 2005-06
Business News, Mar 9, 2005
Australian grain farmers are likely to enjoy higher prices in 2005-06 compared with this financial year.

But in the medium term, prices are projected to fall in real terms. This is because of China's role in grain import and export markets, Russia's expansion as a producer and exporter, and continued rapid production growth in Brazil and Argentina.

These were the key features of the outlook for grains. The forecast was released last week at the Australian Bureau of Agricultural and Resource Economics (ABARE) Outlook Conference.

ABARE said world wheat consumption would ease in 2005-06, pushing down prices, but a larger decline in world production would offset this and raise prices.

The pool return for Australian premium white wheat would remain at about $200 a tonne, while feed barley prices would rise by 4 per cent to $165 and canola would rise 5.1 per cent to $368.

ABARE said that assuming normal rainfall, Australian grain production in 2005-06 would be 38 million tonnes.

Winter production is forecast to increase by 12 per cent to 34.8 million tonnes, with wheat rising 11 per cent to 22.6 million tonnes.

Canola output is expected to fall by 93,000 tonnes to 11.4 million tonnes as growers move out of canola to plant wheat and barley.

ABARE said Russia was becoming a small but important exporter of wheat and barley, mainly to the Middle East, where Russia has a freight advantage.

Increased exports from Russia could lead to world prices falling 2.8 per cent for wheat and 2.6 per cent for barley.

ABARE said Brazil and Argentina had tremendous potential to expand grains and soya bean production.
MGR Archive 9.3.2005
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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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