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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CWB Announces 2006-07 Initial Payments By Grade
It's one busy time of year for our friends at the Canadian Wheat Board. Monday marks the end of another crop year and, the CWB has some news. The Canadian Wheat Board (CWB) today announced the 2006-07 initial payments for the various grades of wheat and barley. The payments are effective August 1, 2006 for deliveries into the 2006-07 pool accounts.

The initial payments, in dollars per tonne, for base grades in each pool account are listed below. Also listed in the below is the anticipated final pool return for farmers, based on the CWB's July 27, 2006 Pool Return Outlook. A complete listing of payments for all grades in dollars per tonne and dollars per bushel is posted on the CWB Web site (under "Farmer contracts and payments", "Farmer payments", "2006-07") at www.cwb.ca.

Initial payments represent the first portion of the returns farmers can expect from the sale of their grain over the entire pool year. The Government of Canada guarantees initial payments and therefore approves the level at which they are set.

During the crop year, the CWB regularly reviews the initial payments and recommends adjustment payments if market conditions and sales progress warrant. The entire payment that farmers can expect for their grain is reflected by the CWB's monthly Pool Return Outlook (PRO), which can be viewed at http://www.cwb.ca/db/contracts/pool_return/pro.nsf/WebPRIndex?OpenForm&CropYr=2006-07

Farmers may, alternatively, choose the CWB's Early Payment Option (EPO) as a payment method. The EPO, as with the other CWB Producer Payment Options, can be used as a cash-flow tool. It provides similar returns to the CWB pool accounts, less a discount. The EPO allows farmers to receive an additional payment, on top of the initial, within 10 business days of delivery. EPOs are available at values equal to 80, 90 and 100 per cent of the PRO.

Controlled by western Canadian farmers, the CWB is the largest wheat and barley marketer in the world. As one of Canada's biggest exporters, the Winnipeg-based organization sells grain to more than 70 countries and returns all sales revenue, less marketing costs, to Prairie farmers.
MGR Archive 1.8.2006
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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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