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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Brazil Grain Update
Despite June’s hard frosts in the southern state of Parana, Brazil is expected to have a record corn crop of 57.5 million metric tons (mt) this year (2007/08). Despite high international corn prices, area is expected to increase minimally in the coming year, with any expansion occurring in the “safrinha” (second) crop. In the last year, Brazil appears to have found its current equilibrium for area planted to particular crops, and no strong shifts between crops are expected. Even though international prices have increased significantly, so has the cost of production. The average cost of transportation has increased 50 percent in the last year, and according to some accounts, the cost of production has doubled, with the majority of this increase due to the rising price of fertilizers. In addition, strong environmental restrictions and the need for consistent environmental regulations and strong property rights further restrict such expansion.

Post has lowered its 2007/08 marketing year (March 2008/February 2009) export forecast to 9 million mt, primarily due to the current strong domestic demand which is diverting corn from export channels and resulting in some contracts being cancelled. Last year, the domestic poultry and pork producers were caught by surprise by the strong surge in corn exports, and now they are willing to pay the price to ensure they have the inputs they need. However, Brazil could export more if the international dema nd were to increase substantially.
MGR Archive 4.11.2008
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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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