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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U.S. Rice Projection - Yield per Acre Declines
The U.S. Department of Agriculture’s (USDA) first survey-based forecast of the 2008/09 U.S. rice crop is 204.9 million cwt, nearly unchanged from last month’s projection, but up 7.4 million cwt from 2007/08, according to the USDA’s World Agricultural Supply and Demand (WASDE) report released today. Average yield is forecast at 7,116 pounds per acre, 5 pounds per acre less than last month and a decrease of 69 pounds per acre from last year’s record. Area harvested is unchanged from a month ago. Long-grain production is forecast at 154.1 million cwt, nearly unchanged from last month, while combined medium- and short-grain production is forecast at 50.8 million cwt, nearly the same as last month.
Imports for 2008/09 are projected at a record 24 million cwt, up 0.5 million from last month and the revised 2007/08 estimates. Long-grain imports are raised 1 million cwt, and combined medium- and short-grain imports are lowered 0.5 million cwt. Exports for 2008/09 are projected at 110 million cwt, up 3 million cwt from last month and an increase of 4 million cwt from revised 2007/08 estimates.
Exports of long-grain are up 3.5 million cwt from last month while exports of combined medium- and short-grain rice are down 0.5 million cwt. Combined milled- and brown-rice exports are raised 4 million cwt (rough equivalent basis) while rough rice exports are lowered 1 million. The increase in supplies, along with the carryover of record-large outstanding sales from 2007/08, will lead to larger exports in 2008/09. Projected domestic and residual use of rice for 2008/09 is unchanged from a month ago. Ending stocks are projected at 22.5 million cwt, 4 percent greater than last month, but 24 percent less than revised 2007/08 estimates. The season-average farm price range for all rice in 2008/09 is lowered $1.30 per cwt on each end to $15.00 to $16.00 per cwt, compared to a revised $12.60 per cwt for 2007/08. The lower U.S. price forecast results from some expected softening in global prices. The long-grain season-average farm price range for 2008/09 is projected at $14.30 to $15.30 per cwt compared to a revised $12.40 per cwt in 2007/08. The combined medium- and short-grain farm price range is projected at $18.00 to $19.00 per cwt, compared to a revised $13.50 per cwt in 2007/08. Projected global 2008/09 production, consumption and ending stocks are lowered from a month ago, while trade is nearly unchanged. World 2008/09 rice production is projected at a record 430.8 million tons, nearly 1 million tons less than last month, but 1.8 million more than the revised 2007/08 estimate. This month’s lower crop forecast is primarily due to reductions for Iran, Afghanistan and North Korea. Global 2008/09 ending stocks are projected at 80.7 million tons, 1.3 million less than last month, but 3.1 million more than the revised 2007/08 figure.
MGR Archive 13.8.2008
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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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