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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Soybean exports for 2004/05 are increased
Soybean exports for 2004/05 are increased 35 million bushels to a record 1,080 million bushels this month reflecting reduced South American supplies and stronger-thanexpected exports to date, especially to China. U.S. soybean export commitments to China total 11.5 million tons (423 million bushels) through March. Soybean ending stocks for 2004/05 are projected at 375 million bushels, down 35 million bushels, but still the highest since 1986/87.

Price forecasts for soybeans, soybean oil, and soybean meal are all raised this month. The 2004/05 U.S. season-average soybean price range is projected at $5.25 to $5.55 per bushel compared with $5.05 to $5.45 per bushel last month. Soybean oil prices are forecast at 21.5 to 23.5 cents per pound, up 0.5 cent on both ends of the range. Soybean meal prices are forecast at $165 to $175 per short ton, up $5 on both ends of the range.

Global oilseed production for 2004/05 is projected at 382.8 million tons, down 3.7 million tons from last month, but still record large. Global soybean production is reduced 4.9 million tons to 219.2 million tons. The Brazil soybean crop is lowered 5 million tons to 54 million tons reflecting the effects of drought, especially in the southern producing areas. Despite sharp drought-related reductions in projected soybean output this year, the 2005 Brazilian soybean crop remains a record. Global rapeseed production is increased 1.7 million tons to a record 45.5 million tons. Rapeseed production is raised for both India and China. Other oilseed changes include higher cottonseed production for India and China and higher palm oil production for Malaysia.

Global oilseed ending stocks for 2004/05 are reduced 3.4 million tons to 59.0 million tons, primarily due to reductions for soybeans in South America. Global soybean stocks are projected at 52.6 million tons, 15.2 million tons above 2003/04. Stocks in Brazil, Argentina, and Paraguay combined are projected to increase 6.2 million tons from 2003/04, with most of the increase expected in Argentina. Global oilseed crush and trade are little changed this month.
MGR Archive 10.4.2005
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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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