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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Rain Increases Optimism for Rebound in Australian Rice Output
(Bloomberg) -- SunRice, Australia's largest rice exporter, said recent rain in parts of the nation is fueling optimism for a rebound in production.

``We've had good rain trends, rain events up north and we are hopeful that come winter and spring we will see the impact of that'' in rice-growing regions in southern New South Wales state, Gary Helou, SunRice chief executive officer said today by phone from Sydney. Australia will sow its next rice crop from about September, for harvest starting April.

Australian farmers last year planted the smallest area to rice since the early 1920s as the nation's worst drought on record cut the amount of water available for irrigation. Rice prices more than doubled in a year to a record, as exporters curb shipments and importing nations struggle to secure supplies.

``If we had above-average rain, which is not unlikely in the coming winter and spring, things could improve dramatically,'' Helou said. Output will be about 18,000 metric tons in the 2007- 08 harvest ending this month, Helou said, down 89 percent from the 161,000 tons produced a year earlier. It was too soon to forecast the next rice crop, he said.

SunRice is the trading arm of Ricegrowers Limited, a grower- owned company that markets the grain.

Rice futures for July delivery rose as much as 48.5 cents, or 2.1 percent, to $24.185 per 100 pounds on the Chicago Board of Trade in after-hours electronic trading. The contract was at $23.865 at 1:21 p.m. Sydney time. Prices reached a record $24.67 on April 18.

Australia has produced a rice crop of more than 1 million tons once in the past six years as persistent dry weather cut output.

``We've had a rough ride the last five or six years so it's improbable that we'll have another repeat'' of this year's drought-affected crop, Helou said.
MGR Archive 25.4.2008
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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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