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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Australian rice crop slashed by 90 percent
SYDNEY (AFP) - - Australia's rice crop will drop by 90 percent and cotton production will fall 58 percent this year as a result of water shortages in the south, the nation's commodities forecaster said Tuesday.

Above average rainfall in the northeast, however, meant the grain sorghum crop would increase by 80 percent to a record 2.45 million tonnes in 2007-08, The Australian Bureau of Agricultural and Resource Economics (ABARE) said.

"While recent floods... damaged some of central Queensland's grain sorghum crop, the increased yield potential in the southern Queensland grain sorghum growing regions will more than offset the losses," executive director Phillip Glyde said in ABARE's monthly Australian Crop Report for February.

Glyde said total summer crop production was forecast at more than 3 million tonnes, almost 40 percent higher than last year but well short of the 2000-01 record of 5.3 million tonnes.

A lack of irrigation water at the time of planting caused by Australia's long-running drought meant that only 2,000 hectares (4,942 acres) of rice and 63,000 hectares (155,680 acres) of cotton were planted last year, ABARE said.

Rice production in 2007-08 is forecast at 18,000 tonnes, about 90 percent lower than the 2006-07 harvest. Cotton lint and cottonseed production were forecast to fall 58 percent to 116,000 tonnes and 164,000 tonnes respectively.

ABARE said the 2007-08 winter cropping season was up 30 percent on the previous year's harvest which had been hard hit by the drought, but was still below average.

The bureau said total winter grains production was estimated at about 22.6 million tonnes in 2007-08, well down on the five-year average of 35 million.

"Wheat production is estimated at around 13 million tonnes, barley around 6 million tonnes and canola just over 1 million tonnes," Glyde said of the major winter grain crops.
MGR Archive 24.2.2008
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Russia Rapan $ 700
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USA Calrose #1 Paddy $480
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