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
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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
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