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 Rice Production
There were no revisions this month to the U.S. 2004/05 rough rice supply and use balance sheet. The U.S. rough rice crop remains estimated at a record 230.8 million hundredweight (cwt), up 16 percent from a year earlier. Total supplies remain projected at a record 268 million cwt, up 11 percent. At 23.7 million cwt, carryin was down 12 percent from 2003/04. Imports remain projected at 13.5 million cwt, down 13 percent. Total use of U.S. rice in 2004/05 remains projected at 228 million cwt, 4 percent larger than a year earlier and the second highest on record. Total domestic and residual use remains projected at a near-record 123 million cwt, an increase of 7 percent from 2003/04. Exports remain projected at 105 million cwt (rough equivalent of rough and milled exports), up 1 percent from a year earlier.

U.S. ending stocks of all rice for 2004/05 remain projected at 40.1 million cwt, 69 percent above a year earlier and the largest since 1986/87. The 2004/05 U.S. season-average farm price (SAFP) remains projected at $7.25-$7.55 per cwt, down from $8.08 in 2003/04.

Global rice production in 2004/05 is projected at 402 million tons (milled basis), down fractionally from last month’s forecast but 3 percent larger than a year earlier. Production forecasts were lowered for Thailand, Australia, and Malaysia, while raised for Brazil, the Philippines, and Peru. Global ending stocks for 2004/05 are projected at 75.2 million tons, 1.6 million tons below last month’s forecast and 13 percent below a year earlier.

Global rice trade for calendar year 2005 is projected at 25.4 million tons (milled basis), up 50,000 tons from last month's forecast but 4 percent below a year earlier. The U.S. export forecast was revised up while the Australian export forecast was lowered. Global rice trade for 2004 was raised 229,000 tons to 26.5 million. Imports were raised for Bangladesh, Brazil, and Sub-Saharan Africa. Export forecasts for 2004 were increased for India, Vietnam, and Egypt. Export prices for most grades of Thailand’s milled white rice have declined $2-$4 per ton since early February. Lack of new sales and the beginning of the dry season harvest account for the weaker prices. Thailand’s prices are currently not competitive with other Asian sources. Vietnam's prices dropped slightly during February as the harvest of its main winter-spring crop began. A 350,000-ton sale to the Philippines on March 1 has added some support to Vietnam’s prices. U.S. prices for long grain milled rice exports are down slightly from a month earlier and have dropped sharply since June. Price quotes for California medium grain milled rice for domestic sales are unchanged from a month earlier but are down $88 from early October.
MGR Archive 13.3.2005
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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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