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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Nigeria: A Growing Market for Wheat and Rice
Since Nigeria produces virtually no wheat, imports are essential to satisfy growing demand. However, in the case of rice, imports are rising because expanding production and shrinking stocks are not able to meet rising consumption.

This year, Nigerian rice imports are on the rise despite increased production and a higher duty. First and second quarter imports were higher than usual as the trade correctly anticipated the late-March duty hike. The imposition of a higher duty has also resulted in substantial quantities of undocumented imports, particularly from neighboring Benin, which has a lower import duty. Thailand and India have been the major suppliers although the United States has exported about 7,000 tons to Nigeria, formerly a leading export market for U.S. parboiled rice

The government, as it struggles to promote self-sufficiency in rice, has reported that it may impose an import ban in January 2006. However, an outright ban is unlikely given Nigeria’s domestic grain shortage and the regional food crisis that it is attempting to address.

So far this year, Nigeria has superseded Japan as the top market for U.S. wheat. Although, in the past, it has consistently been the top market for Hard Red Winter wheat, there is now increased demand for soft and durum wheats. Total demand is booming due to favorable prices and greater milling capacity. Currently, wheat is far more price competitive than other grains and food products and it is charged a smaller duty than other grains. Additionally, with local corn prices soaring, there is even some wheat being fed. The United States has the lion’s share of this West African market.
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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