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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Sep wheat outlook
Projected U.S. 2006/07 ending stocks are lowered 11 million bushels from last month despite higher production and carryin reported in the Small Grains Summary and the Grain Stocks reports released September 29, 2006. Supplies increase 14 million bushels based on an 11-million-bushel increase in 2006 production and a 3-million-bushel increase in 2005/06 ending stocks.

Exports are increased 25 million bushels this month reflecting tighter world supplies. Soft red winter wheat exports are raised 20 million bushels and durum exports are raised 5 million bushels. The projected price range is raised 15 cents on both ends of the range to $4.10 to $4.60 per bushel, reflecting higher domestic and world prices resulting from reduced global production and supplies.

Global wheat production for 2006/07 is lowered 11.0 million tons this month to 585.1 million. Despite reductions in consumption and trade, global ending stocks decline 7.1 million tons to 119.3 million. This is down sharply from 147.2 million tons last year and the lowest stocks in 25 years. Production in Australia is lowered to 11.0 million tons, down 8.5 million from last month. Persistent drought and September heat, similar to 2002/03 in most of the major growing regions, have sharply reduced prospects for this year's crop. At this level, Australia's production would be only 0.9 million tons higher than in 2002/03 when record drought and heat devastated that crop. Production is also lowered in China, EU-25, and Brazil. Together, these reductions far outweigh a 0.4-million-ton increase in Canada. Exports for Australia are lowered 5.0 million tons from last month. Partly offsetting this reduction in world trade are increased exports for Canada, EU-25, Kazakhstan, and the United States. With tighter supplies, consumption is lowered 2.7 million tons and world exports are reduced 1.7 million tons.
MGR Archive 12.10.2006
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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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