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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South Korea's rice production is expected to dip
SEOUL, Oct 3 Asia Pulse - South Korea's rice production is expected to dip this year due to an overall decrease in farmland used to grow rice coupled with bad weather conditions over the summer months, government officials said Tuesday.

The National Agricultural Products Quality Management Service said the country's rice output may fall 2.6 per cent year-on-year to 4.64 million tons. Last year, the country harvested 4.76 million tons of rice.

The agency under the agriculture ministry said the size of rice paddies this year stood at 955,000 hectares, down 2.5 per cent from 980,000 hectares last year.

"In addition to the drop in farmland used to grow rice, the unseasonably long monsoon period and a decrease in chemical fertilizer may have contributed to the lower output," said Chung Seung, chief of the service that oversees quality control.

The official said farmers were discontinuing rice production in some cases because they wanted to switch to plants that promise greater profits, while the aging of farming communities around the country is another cause for the diminishing output. Many farming communities report an average age of 60 among their workforce, making it harder for them to grow rice.

He added that health-conscious consumers are compelling many farmers to reduce chemical fertilizer use that affects yields.

In addition, Chung predicted that because the size of rice left over from last year was relatively small, prices may not fall sharply as in 2005. Last year, rice prices fell around 13-14 per cent in some places.

The government's current rice reserve stands at around 1 million tons, while the private sector reported 84,960 tons stored in silos. The government reserve does not change much since it must be used for emergencies, but the size of the supplies held by the private sector was down 158,400 tons compared to last year.

"The size of rice held by the private sector raises the possibility that grain merchants will buy more this year, which could help sustain prices," Chung said.
MGR Archive 4.10.2006
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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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