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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U.S. Corn Market Share Higher
World corn trade is expected to stagnate in 2005/06. Despite strong import growth in the Western Hemisphere, where falling domestic production necessitates higher imports in Mexico and Canada, and expanding feed use lifts imports in Brazil, demand in much of the rest of the world is expected to be weak.

In East Asia, rising meat imports in both Japan and Taiwan are suppressing feed demand, while abundant feed-quality wheat curbs demand for corn use in South Korea.

In Southeast Asia, there was a drastic drop in Indonesia’s feed consumption last year due to Avian Influenza, and recovery is likely to be slow. In the Middle East, competition from feed-quality wheat is constraining corn demand in Israel, while large government stocks and a record crop in Turkey reduce that country’s imports.

Amidst the overall stagnant global demand picture, however, there are changes in the export market. Diminished competition is expected from China and Brazil with lower exportable supplies. Argentina remains the world’s second largest exporter, but smaller crop prospects will also reduce its exportable supplies. U.S. market share is thus expected to increase 10 percentage points, with total exports reaching their highest level in 7 years.
MGR Archive 23.10.2005
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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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