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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California farmers sell rice ahead of harvesting
CALIFORNIA: Rice farmers of California are indeed making hay while the sun shines. They have already sold their crops even though harvests are months away and they have just begun planting.

Rice farming which was not profitable in California due to lower prices, higher input costs had turned away many farmers to soybean and corn. For those who remained in rice farming, the new price rice has come as a boon.

It is aerial seeding season for rice farmers in California, which produces about 20% of the crop grown in the U.S, according to the website appeal-democrat.com.

California’s cooler weather produces mostly medium- and short-grain rice varieties, the moist, sticky kinds favored for sushi or risotto

With the surging global food grain prices, much of the medium-grain rice being planted between the Sutter Butte mountains and California’s Coastal Range has already being sold even though harvest still is months away.

The grains are traded on the California Rice Exchange. According to Pat Daddow, head of the California Rice they have sold an ungodly amount of rice, the price has nearly doubled - and this is the crop they’re just beginning to plant.

The greater demand and new foreign customers driving the global price hike have been a boon to U.S.farmers, who are welcoming the reprieve after years of shouldering high fuel and fertilizer costs andweak prices for their grain.

A host of factors from Myanmar cyclone, higher consumption in China and India and lower food grain stocks were attributed for the galloping prices in recent months.

Although rice -as in Middle Eastern pilaf, Asian rice bowls, or Latin American beans andrice - is a staple around the world, less than 8% of the global crop is traded internationally.

Most of it is eaten less than 60 miles from where it’s grown.That means that when some of the largest producers -among them India, Vietnam, China, and Brazil - curtail exports to protect prices at home, the international marketplace reels and prices for imported varieties soar, according to Nathan Childs, an economist with US Department of Agriculture (USDA).

The most expensive rice varieties - the ones known in thetrade as aromatics - can’t be grown in the U.S. But with imported types such as such as Thai jasmine and Indian basmati selling for $1,000 and $2,000 a ton, respectively, farmers here are still reaping profits.

Mississippi rice farmer Gary Fioranelli, Chairman of the U.S. Rice Producers Association, said rice prices had been so low since 2000 that the state’s farmers had started switching to corn and soybeans, reducing rice acreage from a peak of 250,000 acres to 190,000 this year. The recent lurch in prices might help some of the growers who have remained, he said.
MGR Archive 18.5.2008
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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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