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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Short Crops Reduce Argentine Grain Exports
Sharply lower corn and wheat production this year is expected to drop Argentine grain exports to a 7-year low. While last year record exports made it the world’s second largest grain exporter, this year it is expected to fall to fifth place. For corn, lower area and unfavorable growing conditions have curtailed production. This, coupled with robust domestic feed demand, has added upward pressure to prices. Recent FOB quotes (Up River) are at or above U.S. Gulf prices, which has not happened for about 3 years. While new crop sales remain slightly ahead of last year, the pace has slowed considerably in recent weeks.

For wheat, production fell this year as dryness at planting sharply reduced area (harvested area is currently estimated at a 10-year low). Smaller exportable supplies have already impacted sales, which are currently down 25 percent from this time last year. More dramatically, with stronger demand from neighboring Brazil, current sales to other markets are down two-thirds compared to this time last year.
MGR Archive 12.2.2006
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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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