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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Production Forecasts for 2004/05 Cut for Egypt, Indonesia, & Pakistan
Global rice production in 2004/05 is projected at 401.7 million tons (milled basis), down 340,000 tons from last month’s forecast but 3 percent larger than a year earlier. Production remains below the 1999/2000 record of 408.7 million tons. Global consumption is projected at 413.2 million tons, up fractionally from last month’s forecast and virtually unchanged from the yearearlier record. Global ending stocks for 2004/05 are projected at 74.8 million tons, about 460,000 tons below last month’s forecast and more than 13 percent below a year earlier. Egypt accounts for the bulk of the month-to-month reduction in global ending stocks. Global ending stocks are the lowest since 1983/84. At 18.1 percent, the stocks-to-use ratio is the lowest since 1981/82.

Egypt—a major exporter in the global medium/short grain market—accounts for the bulk of this month’s downward revision in 2004/05 global production. Egypt’s production forecast was reduced 295,000 tons to 3.93 million tons based on a lower yield. Despite the downward revision, the crop is the second highest on record. Indonesia’s production forecast was reduced 161,000 tons to 34.83 million tons based on smaller area. The crop is down fractionally from a year earlier. Indonesia’s production has been relatively stable over the past half-a-decade. Pakistan’s 2004/05 production forecast was lowered 80,000 tons to 4.92 million based on a weaker yield. Area was actually raised slightly. Pakistan is a major exporter, shipping regular long grain rice and its premium basmati (or fragrant) rice. Another year of severe drought is behind a 51,000-ton reduction in Cuba’s production to 114,000 tons. Cuba’s area forecast was sharply lowered. Smaller crop reductions were made this month for Sri Lanka, Turkey, Chile, Colombia, and Japan.
MGR Archive 12.4.2005
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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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