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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Wheat production to decline in Canada
Total wheat production in Canada is forecast to decline 10% from 25.9 million metric tons (MMT) in 2004/2005 to 23.5 MMT in 2005/2006 as a result of a return to average yields and reduced seeded acreage. Overall seeded acreage is forecast to decline in 2005/2006 to 10.2 million hectares (ha) from 10.3 million ha in 2004/2005. Spring wheat seeded acreage is forecast to decline in western Canada, but increase in Ontario. Winter wheat seeded acreage is expected to decline in Ontario and western Canada. Beginning moisture levels on the Prairies are considered relatively normal in most areas, with only some areas in Saskatchewan and Alberta below normal levels. Increased input costs and low returns for the poor 2004 crop are impacting producers’ choice of crops to seed in the 2005/2006. Some are looking towards crops like oats and flax, which are currently providing a higher return to those producers who have grown either. Total supply of wheat is forecast to decline 2 percent from 2004/2005 levels to 31.5 MMT in 2005/2006, as the high carry-in stocks fail to offset the decrease in production.
Wheat imports for 2005/2006 are forecast to remain around 2.0 MMT, similar to 2003/2004 and 2004/2005 levels. Exports of wheat are forecast to increase roughly 5 percent from 15 MMT in 2004/2005 to 15.8 MMT in 2005/2006, as the return to more normal quality levels results in a larger portion of the 2005/2006 crop that will be either grade 1 and grade 2 quality wheat, as compared to 2004/2005 where the a majority of the crop was graded 3 or lower. This will most likely result in Canadian wheat returning to the premium markets, which in the past have purchased the higher quality Canadian wheat. The Canadian Wheat Board (CWB) will continue to seek out new markets for Canadian wheat, including efforts to increase exports to China.
Domestic use of wheat in 2005/2006 is forecast to decline as the large feed wheat supply from the 2004/2005 crop begins to diminish and livestock producers move back to more traditional feed crops of barley and corn. However, the slow decline in feed wheat stocks will maintain wheat feeding at an above average level. Carry-out stocks will remain higher than the 5 -year average of 7.4 MMT and are forecast to be 7.6 MMT in 2005/2006.

Canadian durum production is forecast to decline to 4.8 MMT in 2005/2006, due to the return to average yields and despite a 5.5 percent increase in seeded acreage. Supplies are forecast to increase by 10 percent to 7.4 MMT as the high carry-in stocks offset the decline in production, helping to maintain the higher than average supply levels. The forecast returns to average supplies of top-quality durum and reduced export competition from the European Union is expected to result in an increase of 16 percent in durum export levels in 2005/2006. Carry-out stocks will remain at higher than average levels of 2.9 MMT, as a result of the high carry-in stocks of poor quality durum from the 2004/2005 crop year and despite the increase in 2005/2006 durum export levels.
MGR Archive 28.4.2005
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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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