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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Supplies remain very tight with prospects of the upcoming crop looking downward as early rice is showing some significant blanking. On the other hand, growers are being forced to wait, store their rice, or sell at $4.50/cwt over type levels. Some talk overseas that several tenders may come in old crop but this is yet to be confirmed. Obviously old crop is going to be cheaper as new crop prices (with even tighter supplies for '06 medium grain and long grain looking dramatically short) point upwards. This is an obvious fact many players overseas likely see. Moving to USDA recent S&D numbers one has to wonder if the numbers are bad on purpose or there is some underlying push is causing them to put out poor data. As any grain trader can tell you about ridiculous data that was put out for the corn crop, you can simply no longer trust the accuracy or impartiality of the USDA supply and demand data. The medium/short grain estimate was increased by 3.3 million cwts for no apparent reason or explanation. The California medium/short grain crop is still estimated at 512,000 acres (long rain acres have to be taken out) with a yield of 77 cwts/acre (ie 77 * 512 or 39.4 million cwts) and with expectations from the South that 8 million cwts were grown (actually it has already reported as nearly completely sold) this would be only 47.4 million cwts. Since USDA cannot use new acres until certification is in, it points towards a big question mark. After this, USDA just works to make the data balance by decreasing import, increasing exports (which are still ridiculously low when the short long grain supplies, Korea's extra needs and the tight supplies in Australian/Egypt are taken into account) and then just takes down year end supplies.
MGR Archive 18.8.2006
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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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