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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Farm prices slump as fuel prices soar
Prices for key Australian farm exports are slumping as farmers battle with fuel prices of up to $1.30 a litre.

The latest National Farmers' Federation-Westpac rural commodity index showed falls during March in the prices of every major farm export except for cotton.

Wheat prices slipped 2.5 per cent, barley was down 4.1 per cent, canola dropped 3.9 per cent, sugar fell 3.0 per cent, beef tumbled 7.9 per cent and wool was off 4.1 per cent.

The federation's economics committee chairman, Charles Burke, said continued good crops in the northern hemisphere were weighing down on prices.

The stronger Australian dollar was also undermining prices which could not come at a worse time for most farmers.

"The cost of fuel is also a mounting concern, with diesel prices of up to $1.30 per litre in parts of regional Australia," Mr Burke said in a statement.

"Rain is desperately needed in the next four to six weeks for this year's winter crops, but these high fuel costs will also make the decision to plant this year even more difficult and expensive."

There has been a large fall in the prices of wheat, barley and canola over the past 12 months. Canola prices are down almost 30 per cent.

Only sugar (up 13 per cent) and beef (up 5.4 per cent) are in a better position than they were a year ago.

Westpac senior economist Justin Smirk said there were signs crude oil prices would ease in the second half of this year.

"Westpac believes this will not come soon enough for farmers who will have make tough decisions, weighing the current high price of diesel against a moderating outlook for grain prices and uncertain seasonal conditions," he said.
MGR Archive 8.5.2005
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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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