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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Rice shortfall expected to worsen to 1.8M tons
The National Food Authority (NFA) raised its 2005 rice import requirement to 1.8 million tons from an earlier projection of 1.6 million as a rain shortfall in in the first half led farmers to delay planting.

The rice shortfall was also due to damage from four storms in November and December. It is the highest shortfall since 1998, when the country imported 2.1 million tons after the harvest suffered from severe weather. The country imported 985,000 tons in 2004.

Gregorio Tan, administrator of state-trading firm National Food Authority, said the government will hold a tender on July 20 to buy 185,000 tons of either 15-percent or 25-percent broken rice for August/September delivery for buffer stocks.

The rice should be sourced either from Australia, China, Pakistan, Thailand, Vietnam or the United States, he said. The Philippines set a budget of P3.32 billion for the importation, Tan said.

Last week, the government announced it would hold another tender on July 12 to buy 92,000 tons of rice. Another state trading firm was also given a quota to buy 15,000 tons of rice, Tan said.

The Philippines has so far bought 1.508 million tons of rice, the staple food of its more than 80 million population.

“We are importing more because we don't expect the main rice harvest to start in September. It will most likely start in October because of delayed planting,” Tan told Reuters.

Agriculture officials blamed the El Niño weather pattern for the lack of rain in the first half, which forced some farmers to delay planting.

Meteorologists, however, said the effect of El Niño has eased and the weather since May has been at near-normal levels.

The country's main rice harvest, which peaks in the fourth quarter, usually accounts for 40-45 percent of annual output of unmilled rice.

The Philippines aims to harvest 15.1 million tons of unmilled rice this year from 14.5 million in 2004.
MGR Archive 26.6.2005
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Russia Rapan $ 700
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USA Calrose #1 Paddy $480
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