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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Bulgaria To Consider Importing Grain to Lower Surging Domestic Prices
Economy Minister Petar Dimitrov will propose to the cabinet that the country import grain in order to lower surging domestic prices resulting from unfavourable weather, the Bulgarian government said on Tuesday.

"The situation will be handled by imports of the needed amount at acceptable prices, including [imports] from non-European Union member states," it said in a statement.

A shortage of maize could be overcome through Hungary's intervention stores or through imports from Ukraine, the statement added.

Under the EU's intervention system, farmers can sell wheat, barley and maize to publicly funded stores for a fixed price. Bulgaria joined the EU in January.

Prices of wheat in the country have more than doubled on the year to some 400 levs ($281.5/204.8 euro) per tonne. A snowless winter followed by unusually dry spring weather damaged grain sowings in most of southeast Europe this year.

Bulgarian farmers have harvested 2.2 million tonnes this year, below expectations and significantly less than last year's harvest of 3.2 million tonnes of wheat. Some 150,000 tonnes of wheat are left from last year's harvest.

"This quantity is enough for keeping the grain balance of the country for food, fodder and seed," the government said.

Bulgaria traditionally exports significant quantities of wheat to the EU. But the drought-hit country had one of its smallest crops in decades in 2003. A meagre 2.0 million tonnes harvest prompted it to unlock 200,000 tonnes of wheat from the state reserves and import grain to avert a steep rise in politically sensitive bread prices.
MGR Archive 9.8.2007
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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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