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 Wheat Output May Increase 92%
May 6 (Bloomberg) -- Australia, the world's second-biggest wheat exporter before two years of drought ravaged crops, may almost double its harvest this year as higher prices and better weather encourage planting, National Australia Bank Ltd. said.

Production may rise 92 percent from a year earlier to 25.1 million metric tons, up from 23 million tons forecast in February, Frank Drum, the bank's agribusiness economist, said today by phone from Melbourne. The forecast is still less than the 26 million tons predicted in March by the Australian Bureau of Agricultural and Resource Economics.

Rainfall this year has helped the country to recover from its worst drought on record, improving the outlook for wheat exports that may boost global food supplies and slow inflation that has stoked social tension in some developing countries. Wheat prices in Chicago surged 67 percent in the past year.

``I don't think there's any doubt that the high current grain prices are having an effect on farmers' decisions on what they plant,'' Drum said. ``Particularly given how early it is in the season I am reluctant to go too much higher at the moment. That's not to say there isn't potential to see a crop higher than that 25 million tons.''

Australia produced 13.1 million tons of wheat last year after drought killed crops. The country's overseas shipments in the year ending June 30 may fall to 7.5 million tons, making it the sixth-biggest exporter, according to the U.S. Department of Agriculture. That compares with more than 16 million tons in 2005-06, when only the U.S. shipped more.
MGR Archive 11.5.2008
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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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