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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Global wheat production
Global wheat production for 2007/08 is projected up 2.8 million tons this month reflecting higher output in Argentina, China, and Ethiopia, which more than offsets reductions in Australia and Brazil. Production for Argentina is raised 1.0 million tons on higher harvested area and improved yield prospects with a continuation of excellent growing season weather since mid- September. China production is increased 1.0 million tons reflecting recent government reports. Production for Ethiopia is raised 1.0 million tons on higher yields with good growing season weather. Australia production is cut 0.5 million tons as crop prospects continue to decline with drought persisting in key southeastern growing areas. Recent rains during harvest may also have adversely affected grain quality and yields. Brazil output is lowered 0.2 million tons based on an expected reduction in harvested area.

World imports for 2007/08 are lowered 0.4 million tons. Imports for India are lowered 1.0 million tons with smaller reductions for South Korea, Bangladesh, and Sri Lanka. Partly offsetting are increases for Morocco, Azerbaijan, Brazil, Uzbekistan, and the United States. Exports are nearly unchanged with Australia and EU-27 exports both reduced 0.5 million tons and Argentina raised 1.0 million tons.

World wheat consumption for 2007/08 is projected 1.3 million tons higher as increased production supports higher food use in some developing countries even as high prices and lower supplies elsewhere reduce world wheat feeding. Higher production in Ethiopia, Sudan, and Nigeria, is expected to increase food use in Sub-Saharan Africa. Wheat feeding, however, is lowered for Australia, Canada, EU-27, and South Korea. With higher world beginning stocks and increased production, world ending stocks are projected 2.8 million tons higher than last month. At 109.8 million tons, 2007/08 world ending stocks remain the lowest in 30 years.
MGR Archive 11.11.2007
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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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