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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AWB eyes record wheat crop
Disgraced exporter AWB yesterday stepped up its campaign to keep its grip on Australia's wheat crop, warning it alone was capable of handling what could be a record harvest next summer as farmers bounce back from drought.

Chairman Brendan Stewart told its annual meeting some forecasters were predicting a crop of up to 27 million tonnes was about to be planted, nearly three times this summer's drought-hit harvest.

"There is only one Australian company that would have the capacity to run a national pool for such a crop," Mr Stewart said. AWB also released its first price forecast for the coming season yesterday - a historically high $245 to $255 a tonne, increasing the prospect of a big planting in coming months if there are good opening rains.

But AWB also warned it was not doing anything to try to lock in the price through hedging because of the uncertainty surrounding the wheat marketing system.

AWB shareholders, who have seen their share price halve in the past year, got further bad news when it also cautioned its net profit for the year to September 30 was likely to plunge 30 to 40 per cent to as little as $35 million.
MGR Archive 25.2.2007
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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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