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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Brazil’s 2007 rice harvest began recently,
Production

Brazil’s 2007 rice harvest began recently, with approximately one-third of the crop already harvested. Yields in Rio Grande do Sul (more than half of Brazilian rice production) appear to be good. Rice is currently one of the least profitable crops in Brazil (more negative than any of the other grains). The last two years have been extremely difficult for rice producers, and it is estimated that 80 percent of the current crop is already committed to input suppliers and financial institutions for the repayment of debt. Because rice area in the south is relatively fixed, most expansion or contraction occurs in the Center-West, in part because producers will plant rice as a way to prepare the soil when switching area from pasture to field crops. Tight stocks towards the end of this year are expected to result in higher prices, motivating producers to plant slightly more rice (3.1 million ha). However, this expansion will be limited as producers in the Center-West will prefer to plant more profitable crops. As such, Post anticipates 2007/08 production will be 8 million mt. While this was considered to be a relatively good year for rice production, water availability will continue to be a significant concern.

Trade

Milled rice was 12 percent of rice exports in 2004 and 2005, but rose to 20 percent of exports in 2006. Approximately half of the broken rice is exported to Senegal. The milled rice that is now being exported is primarily going to Benin and Cuba. Despite tightening domestic supplies, Post expects 2006/07 exports of 125,000 mt (MY and TY) and 2007/08 exports of 100,000 mt as part of an effort to maintain a presence in these markets. Post anticipates Brazil will import 750,000 mt in 2006/07 (MY and TY) and 900,000 mt in the 2007/08 trade year as domestic supplies and stocks become tighter. Much of these imports are expected to be supplied by Uruguay and Argentina, with any residual coming from SE Asia.
MGR Archive 25.3.2007
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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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