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   

 Main Page
 Home Page of This Title
 Medium Grain Rice Market
 Global Market News
 Grain News
 Pulses News
 Global Overview
 Importers Profile
 Exporters Profile
 What Is Rice
 History Of Rice
 Rice Harvest Seasons
 Rice Processing
 Rice Nutrition Facts
 Meals With Rice
 INCO Terms
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Commodity Exchange
Search in news database
Wheat prices soar after frost in Argentina
The market speculated over rumors there may have been significant losses in wheat production in Argentina, which suffered a strong frost in mid November. Soybeans also rose, reinforced by another purchase made by China.

The wheat contract with maturity in March 2008 ended Friday at 845.50 cents US, up 2.3% compared to November 21 (Wednesday). In the week which began the previous Friday Nov 16, prices rose 9.7%.

According to analysts, the market is evaluating the size of the loss, but there are rumors nearly half the crop was lost. . Benedito Oliveira, wheat analyst of AgRural, explained that the frost was very strong in the Province of Buenos Aires, where 60% of the production is concentrated. However, he pointed out, it did not affect all the areas, only some regions where the harvest was late. 'Most of the crop is ready to be harvested or entering this phase,' he said. According to estimates of the USDA, Argentine wheat production should be 15.5 million tons. The secretary of agriculture of Argentina forecasts 15.2 million tons. 'There are rumors that one million tons were lost,' the analyst said.
MGR Archive 28.11.2007
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
      Forgot your Password?
Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
Click for Details

Medium Grain Reports
Rice Market News
World Rice Markets and Trade
USDA Country Reports
Rice Market Monitor
Rice Outlook
Italian Paddy Supply
European Rice Weekly
EU Reports
Convert this amount:

  © 2002 All rights reserved. - Legal Notice