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
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Global rice trade to decline 8% in 2006
World rice trade is projected at 25.5 million tonne in calendar year 2006, an 8% drop from a year earlier, mainly due to weak exports by India, Vietnam and Pakistan among others and lower imports primarily by Philippines and sub-Saharan Africa.
The drop is also more than 8% lower than the 2002 record of 27.8 million tonne. A decline in imports by several major buyers primarily the Philippines, sub-Saharan Africa, Bangla-desh, Saudi Arabia, and Indonesia is the major factor pulling global rice trade down in 2006. These reductions are partially offset by increased imports by Brazil, Iraq, and South Korea.

On the export side, weaker shipments from India, Vietnam, Pakistan, China, and Egypt are projected to more than offset stronger shipments from Thailand, Argentina, Australia, and Uruguay.

India is quoting mostly export prices for its par-boiled rice and basmati rice, not its lower-quality coarse rice. She entered the 2005/06 market year with extremely tight supplies. With the harvest of its main-season kharif crop nearly over, the Government of India (GoI) will soon reassess its supply situation and set export prices.

According to preliminary official trade data, rice exports were 368,601 tonne (20,186 tonne basmati and 348,415 tonne non-basmati) in July, and 452,022 tonne (91,161 tonne basmati 360,861 tonne non-basmati) in August, taking January-August 2005 exports to around 3.8 million tonne. July and August exports were mainly to Nigeria, Mozambique, South Africa, African countries, Saudi Arabia, and the UAE.

Pakistan, which just harvested a near-record crop, is currently more competitive than India in the low-quality 25% broken coarse rice market. Similar to Thailand’s intervention purchase program for rough rice, the GoI purchases milled rice to support prices. In 2005, global rice trade is projected to have increased 2% to 27.7 million tonne, fractionally below the 2002 record. Expanded shipments from India, the US, Pakistan, Egypt, and Argentina are projected to more than offset a 2.9-million-tonne drop in Thailand’s exports and weaker shipments from China and Uruguay. Among the major importers, larger imports by the Philippines, Sub-Saharan Africa, Indonesia, Cuba, Iraq, and Turkey are projected to more than offset reduced imports by China, Brazil, Saudi Arabia, Sri Lanka, and the US.
MGR Archive 10.1.2006
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Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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