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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Vietnam’s total rice production
Vietnam’s total rice production for 2006 is estimated to remain unchanged from 2005 output levels, despite significant crop loss in key growing areas in the Mekong River Delta. Bumper harvests in the Red River Delta and Central Highlands helped offset losses, due to pest infestation, of over 860 MT. 2007 rice production is forecast to remain at the 2006 level due to unfavorable weather conditions. Rice exports are, nevertheless, expected to increase to 5 million tons in response to policies encouraging exports.

SITUATION AND OUTLOOK Vietnam’s total rice production for 2006 was 34,500 thousand metric tons, despite significant crop loss to pest infestation. Around 860 MT of rice or 15,000 hectares had to be destroyed due to leaf blight/leaf stunt disease. However, bumper crops in the northern provinces and central highlands helped offset the loss, leaving production levels unchanged from 2005. Vietnam’s Ministry of Trade lowered export targets for 2007 to 4.5-4.7 million tons in reaction to the losses in 2006. Post however, projects that exports will be as high as 5.0 million tons in 2007, in response to high world prices as well as Vietnam’s export promotion policies.

Vietnam’s 2006 corn imports surpassed expectations and set a new record of 660,000 MT in response to high demand from a thriving feed industry. Vietnam also imported 20,688 MT of U.S. corn for the first time. Post forecasts 2007 corn imports at 600,000 - 700,000 MT. Vietnam’s wheat imports also hit another record in MY 2005/2006 with imports of 1,200 thousand metric tons. Australia dominated the market with a 57% share of total imports. Brazil was a newcomer to the market with 103,000 MT of mostly feed or low-grade wheat. Early indications for MY 2006/2007 suggest that Australia’s severe drought will significantly impact its wheat exports to Vietnam. U.S. wheat imports stand to benefit from this, as indicated by export totals for January 2007 of 32,938 MT; more than twice the annual total of the previous market year.

Given continued rapid growth in the aquaculture sector and the high demand for feed, wheat imports should continue to climb steadily. Post forecasts 2007 wheat imports at 1,300 thousand metric tons.

Vietnam’s Ministry of Agriculture and Rural Development (MARD) has completed biosafety regulations for field trials of biotech crops. This should be signed into law by the end of April.

Biotech corn, soybeans and cotton are the three commodities slated for field trials, which should begin early this year. Work on the regulations for commercialization of biotech crops is ongoing, and FAS/Hanoi continues to provide technical assistance. U.S. biotech grain and seed exports stand to gain much from the success of these endeavors.
MGR Archive 11.4.2007
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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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