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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Australia AWB Cuts Estimated Returns On Benchmark Wheat
CANBERRA (Dow Jones)--Australia's monopoly wheat exporter AWB Ltd. (AWB.AU) Monday cut its an estimate of returns from sales of its benchmark wheat type grown this crop year ending March 31, 2006, reflecting soft global prices for the cereal.

As a result, AWB estimates its benchmark new crop Australian Premium White type wheat of 10% protein will return a gross A$188 a metric ton (FOB), down A$3 from the previous review a week ago.

Estimates for most other grades of wheat were also cut by around the same amount.

AWB's new crop Australian Prime Hard grade of 13% protein is estimated to return A$225.50 a metric ton, down A$3.00/ton, while the estimated return for Australian premium Durum was held unchanged at A$234.50/ton.

Sarah Scales, general manager of AWB's international unit, said the pool prices reflected declining U.S. wheat futures, which have come under pressure from increased global output.

The revision followed increased production estimates issued by the U.S. Department of Agriculture for Australia, Canada and China, which saw U.S. March wheat futures hit new contract lows Friday, she said.

"Adding further pressure to the market is the general lack of positive global exports news and a strengthening Australian dollar," she added.

AWB sells wheat collectively on behalf of growers through a pooling system and attempts to estimate average returns from sales of all the wheat, which can take 18 months or more from harvest.

It deducts storage, handling, transportation and other costs before passing on returns to growers.

Stripping of new wheat crops usually finishes near the south coast around year end, though late plantings particularly in southeast Australia could push the end of this harvest into the new year.

The company exports most wheat it receives from growers, making it a major global supplier. It also trades in the domestic market.

AWB will next update its estimates of pool returns Dec. 19.
MGR Archive 13.12.2005
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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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