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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Brazil soybean production
Harvest losses caused the 2004/05 forecast of Brazil soybean production to be lowered again this month to 53.0 million metric tons from 54.0 million previously. Less than 4 percent of this crop remains to be harvested. The disappointing harvest and strengthening of the exchange rate to a 3-year high in Brazil has postponed farm sales of soybeans. Producers are waiting now to see if their prices can subsequently strengthen from a smaller U.S. harvest or an appreciation of the dollar before committing to more sales. As a result, only a slim increase in 2004/05 soybean exports to 20.25 million tons (from 19.8 million in 2003/04) may be achieved. By next October, soybean stocks in Brazil could remain just as tight as they were the previous year. That situation is expected to constrain domestic use as it creates difficulties for Brazilian processors in acquiring soybeans. A large share of the country’s crushing capacity is located in the southern states that were the most affected by drought. However, interstate shipments from the better off states in the Center-West are discouraged by the state taxes that are imposed on them in the South. Foreign buyers may eventually present sellers with better returns than can domestic users. A marginal increase in domestic soybean crushing to 29.6 million tons from 29.3 million in 2003/04 is forecast. Weak prospects for expanding outputs of soybean meal and soybean oil would also restrict their exports from doing any better than a year ago.
MGR Archive 15.5.2005
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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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