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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Ending rice stocks to be the smallest since 1982/83
Global rice production for 2005/06 is projected at a record 411.0 million tons (milled basis), up 1.3 million tons from last month’s forecast and 2 percent larger than a year earlier. Global rice use in 2005/06 is projected at a record 418.2 million tons, up fractionally from last month and about 1 percent above a year earlier.
Global ending stocks for 2005/06 are projected at 67.4 million tons, up 1.7 million tons from last month’s forecast but nearly 10 percent below a year earlier. Ending stocks would be the smallest since 1982/83. Indonesia and India account for the bulk of this month’s upward revision in global ending stocks. This is the fifth consecutive year of declining global ending stocks, with China accounting for most of the 5-year decline. The stocks-to-use ratio is projected at 16.1 percent, up slightly from 15.7 percent last month but down almost 2 percentage points from a year earlier and the lowest since 1974/75.

Production forecasts were raised this month for six countries. First, India’s 2005/06 crop forecast was increased 860,000 tons to 87.86 million tons based on a higher yield. Second, Indonesia’s production estimate was raised 459,000 tons to 34.96 million tons, also based on a higher yield.
Indonesia has produced bumper crops each year since 2003/04. Thailand’s 2005/06 production forecast was raised 100,000 tons to a near-record 18 million, based on a slightly higher yield.
Cambodia’s production was increased 110,000 tons to more than 2.83 million tons based on a higher yield. Production forecasts were raised slightly for Argentina and Venezuela.
These upward revisions were partially offset by five reductions. First, Sri Lanka’s 2005/06 production forecast was lowered 144,000 tons to 2.1 million tons—still the largest on record—based on a weaker yield.
Production is more than 6 percent larger than a year earlier. Second, Egypt’s 2005/06 crop estimate was lowered 70,000 tons to 4.13 million based on a weaker yield. Area was raised slightly.
Third, the Uzbekistan crop was lowered 23,000 tons to 112,000 tons based on a much weaker yield. A slightly smaller area estimate was behind a 19,000-ton reduction in Mexico’s 2005/06 crop estimate to 181,000 tons. Finally, Turkey’s production was lowered 6,000 tons to 360,000 tons, based on smaller plantings.
MGR Archive 18.4.2006
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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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