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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Pakistan 2008/09 rice production is forecast at 5.6 MMT
MY 2008/09 rice production is forecast at 5.6 MMT, based on a marginal increase in area and expanded planting of improved rice varieties. In MY 2007/08, production is estimated as 5.5 MMT. Basmati production totaled 2.5 MMT and IRRI production totaled 3.0 MMT.

During MY07/08, production is almost at last year’s level despite outbreaks of bacterial leaf blight in Punjab and floods in Sindh. Water availability during the critical March-May period will depend on the amount of precipitation in the catchments areas. If a cut in water distribution during this period occurs, the effect would be more pronounced on IRRI rice acreage than Basmati. IRRI rice is generally grown in Sindh, relying largely on canal irrigation; while Basmati is grown in Punjab employing large-scale tube well irrigation. Based on the source of water input and current water availability, both types of rice are expected to be sown on time. Since 2000, the GOP discontinued setting a procurement price for paddy and milled rice and abandoned rice procurement through state trading enterprises.

Consumption

Rice is not a staple commodity in the Pakistani diet. Its consumption is increasing slowly as compared to wheat, mainly due to consumer preference patterns and an increase in rice prices. About 45 to 50 percent of the crop is destined for local consumption while the remainder is exported. Pakistanis, in general, prefer the higher priced basmati rice which is mainly consumed by the more affluent. IRRI and other varieties are largely consumed by the less affluent due to the price differential.

The GOP does not maintain official grade standards for rice. An estimated 150,000 MT of 40- 100 percent broken rice is used in poultry feed annually. However, due to this year’s higher rice prices and low domestic wheat prices, the normal utilization of broken rice in poultry feed has declined by almost 40 percent. Trade
MGR Archive 25.5.2008
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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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