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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Corn - US, Canada, Brazil Exports Lowered
World Corn Trade Update
Brazil burst onto the world corn export market 4 years ago and has stayed a significant exporter, but a drought-affected crop this year means that exportable supplies will fall to the lowest level in 5 years. Moreover, its rapidly expanding poultry sector will continue to absorb most domestic supplies, while production is slow to catch up with the steady growth in feed demand. Brazil's average yield is only one-third of that of the United States, and lags well behind those of Argentina and China. Unless production increases dramatically, i.e., at a faster pace than rising domestic demand, Brazil's days as a significant exporter may be numbered.


PRICES:
Domestic: February export bids for #2 yellow corn averaged over $94/MT, down $2 from January. February export bids for #2 yellow sorghum (Texas Gulf) averaged nearly $93/MT, up almost $3 from the previous month and $33 below year-ago prices. Sorghum's discount to corn of nearly $2 per ton in February was considerably smaller than that of the previous month.


TRADE CHANGES IN 2004/2005
Selected Exporters
- United States corn is cut by 1.5 million tons to 46.5 million because of more competition from Argentina and South Africa.
- Argentina corn is raised by 1.0 million tons to a record 13.5 million because of a record crop and a rapid sales pace.
- Brazil corn is down by 1.0 million tons to 2.0 million, the lowest in 5 years, as a result of tighter supplies and strong domestic demand.
- Canada corn is cut in half to 150,000 tons (and a similar reduction is made to United States corn imports) because of weak demand.
- South Africa corn is up by 500,000 tons to 1.5 million, the highest in 8 years, because of huge exportable supplies.
- Thailand corn is raised by 250,000 tons to 700,000 as weak domestic demand has allowed strong exports.
- Bulgaria barley is raised by 200,000 tons to 400,000 because of newly available trade data.
- Canada barley is dropped 200,000 tons to 1.5 million. Exports are suffering because of malting barley quality issues.
- Russia barley is cut again this month to the lowest level in 5 years (1.0 million tons) because of slow exports. However, Ukraine barley is raised again this month, this time by 300,000 tons to a record 3.8 million.
- Australia sorghum is up 100,000 tons to 600,000, the highest in 4 years, because of ample exportable supplies and strong early season shipments.

Selected Importers
- Turkey corn is lowered by 400,000 tons to 500,000, the lowest in 10 years, because of ample supplies of feed quality wheat and lowered demand from the poultry sector.
- Malaysia corn is raised by 200,000 tons to 2.4 million as feed demand has recovered faster than expected.
- Mexico corn is down by 300,000 tons to 5.5 million because of a record crop.
- EU-25 sorghum is doubled to 200,000 tons because of recent awards totaling over 150,000 tons of licenses at a reduced duty.
MGR Archive 20.3.2005
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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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