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
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Indonesian 2007 rice production
Production

The Indonesian overall rice situation is changing rapidly. The Indonesian Meteorology and Geophysics Agency predicts that the rainy season will end in March 2007, resulting in a limited harvest in March or April when normally 65 percent of rice is harvested. Indonesia is also predicted to end up losing one planting season due to the almost two-month delay to the first planting season this year. GOI will not meet its target to increase rice production by 2 million tons in 2007 by intensifying the use of hybrid seeds that demand adequate water and fertilizer, as well as planting in areas surrounding dams. FAS/Jakarta estimates rice production in 2007 will be down by 4.7 percent to 33.3 million tons, compared to 35 million tons in 2006.

Trade

Floods in early February 2007 that paralyzed ground transportation lines in Jakarta and West Java, combined with delayed harvest in several other rice producing areas in Java due to a delay in the rainy season, have boosted the price of medium quality rice by more than 13.3 percent within the two weeks since February 1, 2007. Price of medium quality rice at the wholesale level is quoted at Rp. 5,950/kg (US$ 656/ton) as of February 14. Bulog is providing large quantities of rice to wholesale, retail and end user distribution channels with their Market Operation (MO) in an effort to bring prices down to around Rp. 4,000/kg. People are now eager to buy MO rice that is sold at Rp. 3,700/kg (US$ 408/ton, at an exchange rate of Rp. 9,070/US$ 1) despite quality concerns.

Because of concerns over the increase in the inflation rate associated with rice price increases, as well as commitments to continue MO until the expected price level is reached, and to retain Bulog’s required rice safe stock level of 1 million tons, GOI is giving Bulog a license to import another 500,000 tons of 15 percent broken white rice. Bulog would prefer to use a G-to-G mechanism rather than Business to Business to accelerate the delivery of the imported rice. The imported rice is expected to enter Indonesian ports before the end of April 2007. As of February 12, 2007 Bulog has already distributed 158,000 tons of rice for MO and another 47,000 tons to flood victims in Jakarta.

FAS/Jakarta is increasing the 2007 rice import estimate for Indonesia to 2.2 million tons because of GOI efforts to cover the shortage in production by imports, an increase in the annual amount of specialty rice imports, and the current strong incentives for smuggling.
MGR Archive 21.2.2007
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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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