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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Australian Wheat Output, Export Vols To Fall
CANBERRA (Dow Jones)--Australia's new wheat crop output will fall to 19.7 million metric tons a year from actual output of 20.4 million tons in the last fiscal year ended June 30, the Australian Bureau of Agricultural and Resource Economics reiterated Monday.

The government forecasting and analytical agency issued the same forecasts for winter crops, including wheat, in its Crop Report published Sept. 6.

"The timing of spring rainfall will be critical in all states for the wheat crop to reach its current potential," said Abare, the government's chief commodities forecaster.

Harvest of winter crops will get underway next month in northern growing areas and end early in 2006 near the south coast.

Wheat exports this fiscal year are forecast at 15.56 million tons valued at A$3.54 billion compared with exports of 15.78 million tons valued at A$3.49 billion last fiscal year, it said in its quarterly Australian Commodities outlook publication.

Australia is a major global exporter of wheat.

Gross returns to Australian farmers from the new crop, based on AWB Ltd.'s (AWB.AU) benchmark export pool price for its collective sales, are projected to rise to A$205/ton from the new crop, from an estimated A$198/ton from the old crop, Abare said.

Abare forecast the price of the indicator U.S. hard red winter wheat, free on board, Gulf of Mexico, to average US$158/ton this fiscal year, up from US$154/ton in fiscal 2004-05, as global supplies fall a little and demand remains little changed.

For fiscal 2005-06, Abare projects world wheat output at 608 million tons, consumption at 613 million tons, closing inventories at 132 million tons and global trade at 107 million tons.

For the last fiscal year, it estimated wheat output at 623 million tons, consumption at 613 million tons, inventories at 137 million tons and trade at 108 million tons.
MGR Archive 20.9.2005
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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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