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Rice imports up for month, but down 10% for year
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| WASDE, April, 2005
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U.S. imports for 2004/05 are forecast at
14.0 million cwt, 0.5 million cwt above last
month, but down 10 percent from last year. The
pace of imports through the first half of the
marketing year was higher than expected, but
below last year's record pace. Long-grain
imports are raised, while combined medium- and
short-grain imports are lowered. All-rice
domestic and residual use is raised slightly
because of an increase in seed use. Exports are
raised 3 million cwt to 108 million cwt based on
a higher-than-expected export pace for combined
medium- and short-grain rice. Exports of
combined medium- and short-grain rice are
projected at a record 27 million cwt, up 3
million cwt from last month, while exports of
long-grain rice are projected at 81 million cwt,
unchanged from a month ago. Medium-grain
exports have been strong to markets in the
Middle East and Oceania due to competitive U.S.
prices and tight exportable supplies in
Australia. Exports of milled and brown rice are
projected at 78 million cwt (rough-rice basis),
3 million cwt above last month, while rough rice
exports are projected at 30 million cwt,
unchanged from last month. Ending stocks are
projected at 37.4 million cwt, 2.7 million cwt
below last month, but 58 percent above 2003/04.
The season-average price range is tightened by 5
cents on both ends of the range to $7.30 to
$7.50 per cwt, compared to $8.08 per cwt in
2003/04.
World production, imports, and ending stocks for
2004/05 are lowered slightly from a month ago,
while consumption is up a little. The decline
in global production is due to small changes for
a number of countries including Cuba, Pakistan,
Sri Lanka, and Turkey. These declines are
partially offset by small increases for Mexico,
Venezuela, and the Philippines. Imports are
lowered for Indonesia. Global 2004/05 ending
stocks are projected at 74.8 million tons, down
0.5 million tons from last month, 13 percent
below 2003/04, and the smallest stocks since
1983/84. Ending stocks are lowered for Egypt,
Indonesia, and Pakistan, but raised for the
Philippines, South Korea, and Venezuela.
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| MGR Archive 10.4.2005 |
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| Region |
Type |
Price |
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| Russia |
Rapan |
$ 700 |
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| USA |
Jupiter Rice |
$630 |
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| USA |
Calrose #1 |
$830 |
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| USA |
Calrose #1 Paddy |
$480 |
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| EU Prices |
Baldo |
€660 |
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