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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Global and Foreign Wheat Balance Almost Unchanged This Month
World wheat production for 2009/10 is projected up just 0.4 million tons to 678.4 million this month, while global supplies stay practically unchanged, as a 0.3- million-ton decrease in beginning stocks almost offsets the production increase. The increase in production comes mainly from a 0.2-million-ton upward revision in Turkey, based on government sources and on private trade estimates and a 0.15- million-ton increase in Afghanistan, where final grain yields and production estimates were reassessed based on the results from improved correlation models for vegetative index data and crop yields. Small increases were also made for Pakistan, Israel, and Burma. A tiny reduction was made for Ecuador. In Argentina, the historical series for food use has been revised to reconcile with recently published mill-grind data. The country’s historical series for wheat area also has been updated to better reflect the ongoing process of a gradual conversion of pasturelands into cropland, and production numbers have been revised accordingly. The foreign wheat balance is virtually unchanged this month. Beginning stocks for 2009/10 declined 0.3 million tons. Stocks have been revised down for Pakistan, Egypt, and Argentina by a total of 1.0 million tons, and upward for Morocco, Algeria, Israel, Syria, and Uruguay by a total of 0.7 million tons.
Foreign wheat consumption is projected up 0.7 million tons to 615.9 million this month. Foreign feed and residual use is expected to be higher by 1.0 million tons, while food use is reduced 0.3 million. The main increases in wheat feed use are for Russia (up 1.0 million tons), where poultry production is rapidly expanding (12 percent growth in the current year) and Ukraine (up 0.5 million tons), where pork production is up by 16 percent on the previous year. Smaller increases in wheat consumption are projected for Nigeria, United Arab Emirates, and Vietnam (0.2 million tons each, reflecting higher imports), Afghanistan and Morocco (0.15 million tons each with higher beginning stocks in both and higher production in Afghanistan due to production and beginning stocks growth), as well as a small amount for Burma, Eritrea, and Tanzania. The biggest decrease in wheat consumption is for EU-27 (1.5 million tons), where both feed and food use are adjusted downward, reflecting EU-27 country-by-country revisions that corrected the aggregate overestimation in both feed and food use, and brings new estimates in line with the numbers maintained by European statistical agencies. Smaller downward adjustments are made for Algeria (food use down 0.15 million tons based on lower imports), as well as for Pakistan, Turkey, Argentina, and Israel. For Egypt, a review of domestic consumption estimates showed that the series understated feed and residual use while overstating food consumption, and resulted in shifting a 0.5 million tons of wheat from food to feed use, leaving total domestic consumption for 2009/10 practically unchanged.
Foreign wheat ending stocks for 2009/10 are projected up 0.4 million tons to 170 million tons this month, while global ending stocks are down 1 million tons to 195.82 million, due to a 1.4-million-ton stocks reduction in the United States.
Ending stocks are revised up 0.5 million tons each for Australia and Canada reflecting reduced wheat exports; for India stocks are up 0.25 million tons because of a combination of higher imports and reduced exports.
For Egypt and Moroccostocks are up 0.15 and 0.1 million tons respectively; smaller stock increases are made for Syria and Uruguay (0.05 million tons each), and Israel and Sri Lanka (0.02 million tons each).
The total increase of 1.65 million tons is partly offset by an ending stocks reduction in Russia and Ukraine by 0.5 million tons each reflecting higher wheat feeding, and in Pakistan by 0.2 million tons because of a 2008/09 0.5-million-ton downward production revision, which is partly offset by reduced 2009/10 exports and food use. There are also very small decreases this month in wheat ending stocks for Argentina and Ecuador.
MGR Archive 18.4.2010
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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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