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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Wheat not competitive vis-a-vis rice
MY 2006/07 wheat production is forecast at 1.1 million tons from 600,000 hectares, assuming normal weather conditions. Current high domestic wheat prices (up 12 percent over the same period last year) should encourage increased planting. Wheat production in MY2005/06 is estimated at 1 million tons from 570,000 hectares. With expanding irrigation coverage, wheat cultivation is facing increased competition from other more remunerative irrigated crops like HYV Boro rice crop, potato, maize and winter vegetables. However, wheat is still a preferred option under non-irrigated, less-input conditions.

Higher prices vis-ŕ-vis rice and reduced availability lowered wheat consumption to 2.9 million tons in 2005/06, from 3.2 million tons in 2004/05. Assuming the present wheat/rice price ratio continues, MY 2006/07 wheat consumption is forecast at 3 million tons.

As the second staple cereal, wheat typically accounts for around 10 percent of the total foodgrain consumption in Bangladesh. Wheat consumption in rural areas (which accounts for 70 percent of the country’s population) is largely dependent on its availability under the government PFDS. However, consumption in urban areas is growing consistently, due to changing food habits and the growing HRI sector.

The average retail prices of white fine flour and "atta" (coarse flour) in December 2005 were Taka 24 ($0.36) and Taka 18 ($0.27) per kg, respectively, up 12 percent from last year’s level at this time.

Wheat imports in MY 2006/07 are forecast at 2 million tons (including 160,000 tons food aid and 100,000 tons public sector imports). Imports in 2005/06 are estimated at 1.8 million tons, down 10 percent from 2004/05 imports, due mainly to reduced availability from India. About 800,000 tons of wheat has reportedly arrived from July through December 2005, compared to 1.0 million tons during the corresponding period of 2004.

Due to lower domestic production and imports, wheat stocks with the government at the beginning of MY 2006/07 are projected at 93,000 tons. Domestic wheat procurement by the government in 2004/05 was only 2,000 tons (against a target of 50,000 tons), due to the lower support price vis-ŕ-vis the open market price. The government’s wheat procurement target for MY 2005/06 is 75,000 tons, which is unlikely to be achieved unless the procurement price is raised. Wheat stocks with traders and farmers, which are not included in the PS&D table, are estimated at around 66,000 tons in the beginning of 2006/07.
MGR Archive 16.2.2006
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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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