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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INTERVENTION STOCKS IN E.U. : Quantities offered as 09/04/2010

Wheat = 237 597 t (up)
Barley = 4 634 600 t (up)

SPAIN : Stocks in Spain's leading grain port have fallen in the past month, but few shipments are expected because demand for animal feed is slack and often met by domestic or French wheat, a port source said on Wednesday. The source estimated that stocks of wheat, the ingredient of choice in animal feed, stood at some 150,000 tonnes in Tarragona, down from 300,000 at the end of February. Just one cargo of 12,000 tonnes of British feed wheat was expected in April, and two shipments totalling some 25,000 tonnes of French barley. "There are signs this could improve in May," he said. "Every one is waiting for meat prices to pick up and for the European market to stabilise, and then for herd numbers to increase. This usually happens in April." Live pork prices on the Mercolleida agricultural exchange have fallen by 4.9 percent for the year to date, to 1.042 euros ($1.39) per kg. The latest Agriculture Ministry figures show the total weight of animals slaughtered in December 2009 fell by 7.7 percent from the same month in 2008. Clients were meanwhile withdrawing between 6,000 and 7,000 tonnes of grain a day from the northeastern port, the source said, down from 10,000-11,000 tonnes a day a year ago. For much of last year, Tarragona handled hefty shipments of feed wheat from Ukraine and other Black Sea countries, but supplies have dwindled so far this year. Dealers say a lack of cheap Black Sea wheat and falling stocks in port silos have helped feed wheat prices in Tarragona to recover from a 2010-low of 132 euros per tonne a month ago in Tarragona to 144 euros currently

WORLD: Bloomberg average analysts' estimate for world wheat ending stocks at 197.13 Mion tons, up from 196.77
USDA PROSPECTIVE PLANTING : U.S. wheat ending stocks for 2009/10 are projected 51 million bushels lower with higher expected domestic use and exports. Projected feed and residual use is raised 10 million bushels as the March 1 stocks indicated higher-than-expected disappearance during the December-February quarter. Seed use is projected 1 million bushels higher based on state level seedings as indicated by the March 31 Prospective Plantings report. Exports are projected up 40 million bushels based on the strong pace of grain, flour, and product shipments in recent weeks, current outstanding sales, and reduced export prospects for some key competitors. By-class export projections are raised for hard red winter, hard red spring, and durum wheat. The projected marketing-year average farm price range is narrowed 5 cents on both ends to $4.85 to $4.95 per bushel. Global wheat supplies for 2009/10 are nearly unchanged with a small production increase mostly offset by a decline in beginning stocks. Production is raised 0.2 million tons each for Afghanistan and Turkey. Argentina production and consumption are revised as recently available government mill grind data combined with exports indicate higher wheat usage in prior years than supportable by government production estimates.
Global wheat imports and exports for 2009/10 are both raised slightly as individual countries are adjusted based on the pace of sales and shipments. Imports are raised 0.5 million tons for Egypt, 0.3 million tons for Turkey, and 0.2 million tons each for Nigeria, the United Arab Emirates, and Vietnam. Imports are lowered 0.5 million tons for EU-27, 0.3 million tons for Algeria, and 0.2 million tons for Israel. Exports are raised 1.0 million tons for EU-27 and 0.6 million tons for Turkey. These increases, along with the 1.1-million-ton increase for the United States, are partly offset by 0.5-million-ton decreases each for Australia, Canada, and Russia. Exports are also lowered 0.2 million tons each for India and Pakistan. Global 2009/10 wheat consumption is raised 1.0 million tons with higher wheat feeding expected for Russia, Ukraine, and Egypt. Wheat feeding is lowered for EU-27. Wheat food use is also lowered for EU-27 and for Egypt. Global ending stocks are projected 1.0 million tons lower with the 1.4-million-ton reduction in U.S. stocks and 0.5-million-ton reductions for both Russia and Ukraine outweighing increases for Australia and Canada.

WEEKLY U.S. EXPORT SALES : USDA wheat weekly export sales for week ended April 08st Total 323 700 t
MGR Archive 11.4.2010
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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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