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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China Production
The 2005 production forecast for mainland China remains at 181.9 million tonnes, which represents a 2 percent increase from 2004. The growth is relatively modest if compared with the 11 percent expansion recorded in the preceding year, especially if viewed against the backdrop of the government incentives granted over the season. These have taken the form of relatively favourable government procurement prices and direct payments, which for the whole grain sector were reported to have amounted to 13.2 billion Yuan (US$ 1.64 billion), distributed among 29 provinces, in addition to 5.5 billion Yuan (US$ 683 million) flowing to major grain producing counties. The positive effects of public support were eroded by falling market prices in 2005, affecting, in particular, Indica rice from the early crop. By contrast, rising domestic demand for quality rice sustained Japonica prices. Although the 2006 season will not begin until the first, early rice crop is planted in March, production in 2006 is prospected by FAO to rise to 185 million tonnes, up 1.7 percent from 2005. On 1 March, the Central Government announced the level of protective prices for 2006, which remain at the 2005 levels of Yuan 1400 per tonne (US$ 174.5 per tonne) for Indica rice from the early crop, Yuan 1440 per tonne (US$ 179.5 per tonne) for Indica rice from the intermediate and late crops and Yuan 1500 per tonne (US$ 186.9 per tonne) for Japonica rice. The maintenance of support price levels suggests the Government wishes to keep a supportive stance towards sector, especially in view of the dwindling size of domestic rice reserves. The central government decision, last December, to eliminate an historical agricultural tax on 1 January 2006, three years earlier than originally scheduled, was a further step to assist the agricultural sector, in an attempt to narrow the widening income disparity between rural and urban residents.
MGR Archive 9.4.2006
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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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