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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Turkey Wheat and Barley Update
This spring, rains have been favorable for grains in most parts of Turkey. As a result, projections for grain production have improved since our last Annual Report (TU5006). However, southern parts of the Central Anatolia Region (Konya and Karaman Provinces), which is part of the main grain producing area, and eastern Aegean Region (Afyon Province), still need rains. Rains until mid-June will be useful for improving the grain yields in these regions. The PSD production estimate for wheat was revised slightly upward as a result of expected yield increases. Even though more reliable estimates will be obtained after the harvest is completed, we estimate at this point that total wheat production will be slightly under the last year’s level. The quality of grains looks good this year. Sunni bug does not seem be a severe problem. The Prime Minister recently announced a premium for wheat. He stated that the GOT would pay a premium of TL 30,000 per kilogram (approx $22/ton) for wheat producers regardless of whether they sell their product to TMO or to millers and traders. The only requirements are that they should be registered farmers and that they register their sales at the commodity exchanges, if not selling to TMO. Prime Minister also announced that TMO would buy a maximum of 30,000 MT of wheat from each farmer. Payments for the first 10,000 MT will be made as cash at the delivery and for the remaining part one month later. The GOT is aiming to complete the registration of farmers, which started a few years ago with the direct payment system, with this premium system. The GOT will limit the quantity TMO buys from farmers for the first time in order to reduce the burden on TMO. The Prime Minister did not announce any procurement price, but stated that farmers may deposit their products at TMO silos and receive a voucher. As he also stated, farmers may use these vouchers at banks to receive loans. Farmers depositing their products at TMO silos is not totally new. However, receiving loans from banks with these vouchers will be new. With this system, the GOT is expecting that farmers will not sell all of their products right after the harvest, but will keep it at silos and sell it later to protect themselves from the lower prices of the harvest time. Turkish wheat exports were revised upward and imports were revised downward due to larger supply in MY 2004. Because of relatively high stocks, Turkey did not import duty-free wheat from the EU as per their bilateral agreements. The increase in exports is driven by wheat flour exports. The reasons for the increase in MY 2004 compared to the year before, in addition to the increase in supply, may be explained as follows: 1. The quality of wheat was better because the Sunni Bug damage was much smaller. 2. Demand for flour was larger, like the case of Iraq. 3. Flour millers learned how to develop the international markets for exports, like the case for Sri Lanka. 4. Transportation with containers created advantages conditions for Turkish millers versus the EU millers. This made Turkish millers more competitive in African markets. 5. While flour and pasta exporters were not allowed to import wheat against export receipts this year (as they have been allowed in the past), they were able to procure wheat from TMO at prices below TMO procurement prices against export receipts. While this wheat was not likely the same quality as imported wheat, the availability of low-priced TMO stocks for flour exporters gave them a confidence of a steady supply. Barley The growing conditions for barley are very similar to wheat as described above. Similar to wheat, barley production was also revised slightly upward as a result of expected yield increases in MY 2005. The MY 2004 production estimate for barley was revised slightly upward, because of higher yields.
MGR Archive 3.6.2005
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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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