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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Production Forecasts for 2006/07
Global rice production for 2006/07 is projected at a record 417.5 million tons (milled basis), up fractionally from last month’s forecast and 1 percent larger than a year earlier. Most of the year-to-year production increase is due to larger area. Global rice use in 2006/07 is projected at a record 424.8 million tons, up 1.6 million tons from last month and 1 percent larger than a year earlier. India and the Philippines account for the bulk of this month’s upward revision in the 2006/07 global rice use projection.

Global ending stocks for 2006/07 are projected at 60.0 million tons, 3 percent below last month’s forecast and 11 percent below a year earlier. These are the smallest ending stocks since 1982/83 and the sixth consecutive year of declining global ending stocks. China accounts for most of the 6-year decline. The stocks-to-use ratio is projected at 14.1 percent, slightly below last month’s ratio and down from 16.0 percent a year earlier. The 2006/07 stocks-to-use ratio is the lowest since 1974/75.

India accounts for the largest share of this month’s 1.6-million-ton increase in the 2006/07 global rice production forecast. India’s production was raised 1.0 million tons to a near-record 91 million based on a higher yield. There were five additional upward revisions this month. Nepal’s 2006/07 production forecast was raised 0.3 million tons to 2.8 million based on a higher yield. The Philippines’ production
MGR Archive 18.6.2006
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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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