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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World maiz production in 2005 down for 45 MIO tonnes from last year
The forecast of world maize production in 2005 is reduced by 10 million tonnes to 661 million tonnes, down 45 million down from last year’s record.

Hot and dry conditions in the U.S. Corn Belt in the first half of August stressed crops, and subsequent rains may have come too late to restore yield prospects. The U.S. crop is now forecast at 265 million tonnes, 35 million less than in 2004, despite a slightly larger sown area.

Unfavorably dry conditions in southern Europe led to a further reduction in E.U. crop prospects, while in Argentina some farmers are likely to turn from maize to soybeans because of its lower costs and likely higher returns.

World maize consumption in 2005-06 is forecast at 665 million tonnes, down 3 million tonnes from the July projection and 8 million tonnes less than in 2004-05. Most of the change is in the U.S., where official figures suggest a reduction in feed use.

World maize trade in 2005-06 is projected at 77 million tonnes, down 1 million tonnes from the Council’s July forecast but 1 million tonnes more than last year, reflecting firm demand in most regions.

The reduction of 1 million tonnes from the previous trade forecast is attributable to Brazil, where a release of government stocks will help meet this year’s feed deficit. Recent outbreaks of avian influenza are affecting feed demand and maize imports in parts of Asia, including Indonesia.

World maize stocks at the end of 2005-06 are forecast at 124 million tonnes, 6 million less than in July and 3 million down from the end of 2004-05. U.S. stocks are now expected to fall to 51 million tonnes compared with an estimated 54 million at the end of 2004-05, but this is still twice the previous year’s level.
MGR Archive 28.8.2005
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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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