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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World rice consumption projected at record high for the month
No changes are made to the U.S. rice supply and use projections for 2005/06 and 2006/07, reported today’s World Agricultural Supply and Demand Estimates report. However, the season-average farm price range for 2005/06 is narrowed $0.05 per cwt on each end to $7.65 to $7.75 per cwt; and the season-average farm price for 2006/07 is unchanged at $9.00 to $9.50 per cwt.
Global 2006/07 rice production and consumption are increased from last month while ending stocks are lowered. Global 2006/07 rice production is projected at a record 417.5 million tons, up 0.5 million from last month. The increase in production is due primarily to larger crops projected for India (+1.0 million tons), Nepal, the Philippines, and Iran; which is partially offset by a reduction for China (-1.0 million tons).
World consumption is projected at a record 424.8 million tons, up 1.6 million tons from last month. Ending stocks are projected at 60 million tons, down nearly 2 million tons from last month. The 2005/06 production estimate for China is lowered 1 million tons to 126.4 million tons based on official data from the government of China.
MGR Archive 11.6.2006
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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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