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   

 Main Page
 Home Page of This Title
 Medium Grain Rice Market
 Global Market News
 Grain News
 Pulses News
 Global Overview
 Importers Profile
 Exporters Profile
 What Is Rice
 History Of Rice
 Rice Harvest Seasons
 Rice Processing
 Rice Nutrition Facts
 Meals With Rice
 Restaurants
 INCO Terms
 Ports
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Rice
 Grain
 Agriculture
 Commodity Exchange
 Weather
 Other
 Info
 Editor
 Advertisement
 Technical
Search in news database
World wheat estimatetion raises
The International Grains Council has raised its forecast of world wheat production in 2005-06 by 2 million tonnes to 610 million tonnes, but the larger output still would be 13 million short of last year’s record.

The Council, in its monthly Grain Market Report issued Thursday, said increases in the estimates for China, Canada, Russia, Kazakhstan and Australia outweigh reductions in the E.U., the U.S., Pakistan and Argentina. Poor weather in parts of the E.U. continued to cause crop quality concerns, while wet conditions earlier in the summer have resulted in fungal disease in part of the U.S. spring wheat crop, with associated raised mycotoxin levels.

The IGC made no change to the 2005-06 world wheat consumption forecast of 613 million tonnes, which therefore remains the same as last year.

World wheat trade is forecast at 108 million tonnes, 1 million less than last month’s projection and close to the revised estimate of about 108 million for 2004-05.

The biggest change in the trade outlook stems from a reduction in China’s forecast purchases. In the light of its improved crop outlook and subdued buying to date, total imports by China in 2005-06 are now put at only 4 million tonnes, 2 million less than the previous forecast and compared with 7 million in 2004-05.

With larger supplies, and competitive prices, wheat exports by Russia, Ukraine and Kazakhstan are expected to be well up from last year, the Council said. As a result, combined exports by the five major exporters may fall to 81 million tonnes, 3 million less than in 2004-05.

Because of smaller supplies in the U.S. and higher feed use in the E.U., the forecast of combined stocks in the five major exporters at the end of their respective 2005-06 seasons is reduced by 1 million tonnes from last month to 51 million, compared with 53 million in 2004-05.

Projected world wheat stocks at the end of 2005-06 are 134 million tonnes, 1 million up from July.
MGR Archive 28.8.2005
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
Password:
      Forgot your Password?
Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
Click for Details

Medium Grain Reports
Rice Market News
World Rice Markets and Trade
USDA Country Reports
Rice Market Monitor
Rice Outlook
Italian Paddy Supply
European Rice Weekly
EU Reports
Convert this amount:


Convert
  © 2002 All rights reserved. - Legal Notice