FAO Forecasts Brazil 2014 Paddy
Rice Production at 12.16 Million Tons, Up 3% from Last Year
Nov 25, 2014
The UN's Food and Agriculture Organization (FAO) has estimated Brazil's
2014 paddy rice production at around 12.16 million tons (around 8.3 million
tons, basis milled), up about 3% from around 11.82 million tons (around 8
million tons, basis milled) produced in 2013 despite unfavorable weather
conditions (during cropping season) negatively impacting yields in some
rice-growing parts of the country.
Planting for 2014-15 main cropping season (October - May) has begun in the
Centre-South region and is underway. Planting in North/North-East regions will
commence in January when seasonal rains occur. Based on estimates of normal to
above-normal rains across most of the country between December 2014 to March
2015, FAO estimates positive outlook for 2015 rice crop.
Acording to data from the FAO, average wholesale paddy rice prices have
increased to around 691.14 real (around $282.56) per ton in October 2014, up
about 2.5% from around 674.47 real (around $289.22) per ton in September 2014
and down about 5% from around 725.81 real (around $331.73) per ton in October
2013. In October, prices were supported by strong export demand and
depreciation of local currency.
Brazil’s National Grains Supply Company (Conab) has forecasted the
country's 2014-15 paddy rice production at around 12.51 million tons, down
about 3% from around 12.162 million tons in 2013-14.USDA estimates Brazil to
produce around 12.206 million tons of paddy rice (around 8.3 million tons,
basis milled) and export around 900,000 tons in MY 2013-14 (January -
December). It estimates Brazil MY 2014-15 paddy rice production at around 12.23
million tons (around 8.35 million tons, basis milled).
Brazil exports about 11% of its milled rice production. Brazil has exported
around 985,907 tons of rice in January - October 2014 according to data
released by the Rice Institute of Rio Grande do Sul (IRGA).
Global
Rice Quotes
November 24th, 2014
Long grain
white rice - high quality
Thailand 100% B grade
420-430 ↔
Vietnam 5% broken 395-405 ↔
India 5% broken 395-405 ↓
Pakistan 5% broken 380-390 ↓
Cambodia 5% broken 455-465 ↔
U.S. 4% broken 540-550 ↔
Uruguay 5% broken 595-605 ↔
Argentina 5% broken 595-605 ↔
Long grain
white rice - low quality
Thailand 25% broken NQ ↔
Vietnam 25% broken 355-365 ↔
Pakistan 25% broken 335-345 ↓
Cambodia 25% broken NQ ↔
India 25% broken 360-370 ↓
U.S. 15% broken 510-520 ↔
Long grain
parboiled rice
Thailand parboiled
100% stxd 405-415 ↔
Pakistan parboiled 5%
broken stxd 420-430 ↓
India parboiled 5%
broken stxd 380-390 ↔
U.S. parboiled 4%
broken 580-590 ↔
Brazil parboiled 5%
broken 570-580 ↔
Uruguay parboiled 5%
broken NQ ↔
Long grain
fragrant rice
Thailand Hommali 92% 865-875 ↑
Vietnam Jasmine 530-540 ↔
India basmati 2%
broken NQ ↔
Pakistan basmati 2%
broken NQ ↔
Cambodia Phka Malis 835-845 ↔
Brokens
Thailand A1 Super 330-340 ↔
Vietnam 100% broken 320-330 ↔
Pakistan 100% broken
stxd 315-325 ↓
Cambodia A1 Super NQ ↔
India 100% Broken
stxd 305-315 ↓
Egypt medium grain
brokens NQ ↔
U.S. pet food 445-455 ↔
Brazil half grain NQ ↔
All
prices USD per ton, FOB vessel, oryza.com
FAO Forecasts Japan MY 2014-15
Rice Imports to Increase Slightly to 700,000 Tons
Nov
25, 2014
USDA estimates Japan MY 2014-15 (November- October) paddy rice production
to decline about 1.6% to around 10.577 million tons (around 7.7 million tons,
basis milled) from last year's 10.758 million tons (around 7.832 million tons,
basis milled). It estimated Japan to import around 700,000 tons, up about 9%
from around 640,000 tons last year.
India Exports 3.16 Million Tons
of Rice in First Four Months of FY 2014-15, Down 10% from Last Year
Nov 25, 2014
India exported around 3.16 million tons of rice (including basmati and
non-basmati) in the first four months of FY 2014-15 (April - March), down about
10% from around 3.53 million tons exported during the same period in FY
2013-14, according to provisional data released by the Agricultural and
Processed Food Products Export Development Authority (APEDA).
In value terms, India’s total rice exports have earned around Rs. 15,250
crore (around $2.55 billion) during April – July 2014, slightly down from
around Rs. 15,336 crore (around $2.69 billion) in the same period in FY
2013-14. In USD terms, value of rice exports declined by about 5% during April
– July 2013.
India's basmati rice exports have declined to around 1.22 million tons in
April - July 2014, down about 16% from about 1.45 million tons exported in the
same period in FY 2013-14. In value terms, basmati rice exports surged to about
Rs.10,363 crore (around $1.73 billion) during the first four months of FY
2014-15, slightly up from around Rs.10,294 crore (around $1.8 billion) earned
in the same period in FY 2013-14. In USD terms, India’s basmati rice exports
declined by 4% in April – July 2014.
India's basmati rice exports were primarily impacted due to Iran's stance
to revise revised the accepted level of arsenic content in basmati rice from
150 parts per billion (ppb) to 120 ppb in March this year. In September this
year, the Middle East nation also increased import duty on basmati rice from
22% to 45%. Iran is a major destination for India's basmati rice exports.
India’s non-basmati rice exports in April - July 2014 declined to around
1.945 million tons, down about 6% from around 2.08 million tons recorded in the
same period in FY 2013-14. In value terms, non-basmati rice exports earned
about Rs.4,887 crore (around $816 million), down about 3% from around Rs.5,043
crore (around $880 million) in the same period in FY 2013-14. In dollar terms,
non-basmati rice exports declined by 7% during the period.
Oryza U.S. Rough Rice Recap –
Prices Dip Slightly as Holiday Mode Sets In
Nov
25, 2014
The U.S. cash market was slightly weaker today falling in sympathy with a
softer futures market however there was very little of any consequence to
report as selling interest has come to a standstill ahead of the thanksgiving
holiday.Analysts insist that most farmers remain unimpressed with the bids that
they are seeing and would rather keep their rice in their bins and wait until
prices improve even if that does not happen until after the new year.
Tags: Rice Prices, rice news, U.S.
Oryza Overnight Recap - Chicago
Rough Rice Futures Remain under Pressure on Light Trade Volume Likely Due to
Shortened Holiday Week
Nov
25, 2014
Chicago rough rice futures for Jan
delivery are currently paused 11 cents per cwt (about $2 per ton) lower at
$12.335 per cwt (about $272 per ton) ahead of floor trading in Chicago. The
other grains are seen trading higher: soybeans are currently seen about 1.1%
higher, wheat is listed about 0.2% higher and corn is noted about 0.5%
higher. U.S. stock-index futures were higher on Tuesday after the second
reading of third-quarter GDP proved better than expected. The number came in at
3.9%, higher than the expected 3.5 percent quarter-on-quarter annualized
growth.
The day will also bring the
Conference Board's latest consumer confidence survey. In addition, the FHFA
house price index and Case-Shiller home price indices for September will be
released. Declining oil prices remain in focus, with Brent crude trading below
$80 a barrel. Traders are focusing on Thursday's meeting of the Organization of
the Petroleum Exporting Countries (OPEC), to see whether the consortium will
opt to cut production. U.S. stock-index futures are currently seen about 0.2%
higher. Gold is currently trading about 0.3% lower, crude oil is seen trading
about 0.2% higher, and the U.S. dollar is currently trading about 0.1%
higher at 8:10am Chicago time.
Oryza Afternoon Recap – Chicago
Rough Rice Futures Continue to Drift Lower on Reduced Trade Volume and Silent
Cash Market
Nov
25, 2014
Chicago rough rice futures for Jan
delivery settled 7.5 cents per cwt (about $2 per ton) lower at $12.370 per cwt
(about $273 per ton). Rough rice futures traded lower again today, as the
market continues to suffer from a lack of interest likely due to the shortened
holiday week. Little is expected in the way of trade volume over the rest of
the week, a fact that could trigger price swings in either direction but will
likely provide little in the way of technical or fundamental significance for
future trading direction.
The other grains rallied today; Soybeans
closed about 1.7% higher at $10.5100 per bushel; wheat finished about 1.7%
higher at $5.5150 per bushel, and corn finished the day about 1.8% higher at
$3.7425 per bushel.U.S. stocks rose on Tuesday, with the S&P 500 hitting
another peak, as data had the economy growing more than previously forecast in
the third quarter, mostly offsetting an unexpected drop in consumer confidence
in November. The energy sector weighed on the broad market, with oil prices on
the decline two days ahead of an OPEC meeting that has investors considering
prospects for the first reduction in production quotas since 2008.
Crude erased initial Tuesday gains
after the head of Russia's state oil producer said a drop below $60 a barrel
would not mean Russia would have to ease its output. Crude-oil futures were
lately down $1.01, or 1.3%, at $74.77 a barrel on the New York Mercantile
Exchange. Already modestly higher, stock futures furthered their gains after
the Commerce Department reported gross domestic product climbed at a 3.9
percent annualized rate, up from an initial 3.5% estimate. Separately, a gauge
of home prices in 20 cities climbed at a reduced pace in September.
After fluctuating on either side of
neutral, the Dow Jones Industrial Average was up 24.53 points, or 0.1%, at
17,842.43. After setting another intraday record, the S&P 500 was lately up
1.01 point at 2,070.42, with industrials the best performing and energy hardest
hit among its 10 major sectors. The Nasdaq.added 3.15 points, or 0.1%, to
4,758.05. Gold is trading about 0.1% higher, crude oil is seen trading about 2%
lower, and the U.S. dollar is seen trading about 0.3% lower at about
1:00pm Chicago time.Monday, there were 413 contracts traded, up from 253
contracts traded on Friday. Open interest – the number of contracts outstanding
– on Monday deceased by 29 contracts to 9,654.
Tags: Rice Prices, global rice news
Vietnam, Pakistan Rice Quotes
Lower Today; Other Asia Rice Quotes Unchanged
Nov
25, 2014
Vietnam rice sellers lowered most of their quotes by about $5 per ton
today. Pakistan rice sellers lowered their quotes for broken rice by about $10
per ton. Other Asia rice sellers kept their quotes mostly unchanged today.
5% Broken Rice
Thailand 5% rice is quoted at around $405 - $415 per ton, about $15 per ton
premium on Vietnam 5% rice shown at around $390 - $400 per ton, down about $5
per ton from yesterday. India 5% rice is quoted at around $395 - $405 per ton,
about $15 per ton premium on Pakistan 5% rice quoted at around $380 - $390 per
ton.
25% Broken
Rice
Thailand 25% rice was last quoted at around $350 - $360 per ton, on par
with Vietnam 25% rice shown at around $350 - $360 per ton, down about $5 per
ton from yesterday. India 25% rice is quoted at around $360 - $370, about $25
per ton premium on Pakistan 25% rice quoted at around $335 - $345 per ton.
Parboiled Rice
Thailand parboiled rice is quoted at around $405 - $415 per ton. India
parboiled rice is quoted at around $380 - $390 per ton, about $40 per ton
discount to Pakistan parboiled rice quoted at around $420 - $430 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is quoted at around $330 - $340 per ton,
about $10 per ton premium on Vietnam 100% broken rice shown at around $320 -
$330 per ton. India's 100% broken rice is shown at around $305 - $315 per ton,
on par with Pakistan broken sortexed rice quoted at around $305 - $315 per ton,
down about $10 per ton from yesterday.
Three Resistant Genes, One
Recipient Rice Variety and Hundreds of Happy Farmers
Nov
25, 2014
Dr MR Vishnupriya, Senior Principal Scientist at
the Centre for Cellular and Molecular Biology, an international molecular
research centre in Hyderabad, south India, talks about how the ‘Improved Sambha
Masuri’ has managed to floor lakhs of Indian rice farmers and is continuing its
successful sprint. CCMB won the Council for Scientific and Industrial Research
(CSIR) award for innovations in rural development for its work on the 'Blight
Out' project which is fighting against bacterial blight in rice crop in 2014.
Oryza: How did the award-winning project of ‘improved
Sambha Masuri’ variety come through?
Dr Vishnupriya: The project titled ‘Blight Out’ began at the end of 1999 as a collaborative project between the Centre for Cellular and Molecular Biology (an international research firm) and Directorate of Rice Research, Hyderabad, south India. The Sambha Masuri was a popular rice variety in south India, but it was often infected by the deadly bacterial blight which has no solution after it attacks the plant. So it was our priority to work on something that is affecting lakhs of rice farmers in India and the world. At CCMB, chief scientist Dr Ramesh Sonti and I worked on it with encouragement from director Dr Mohan Rao.
Dr Vishnupriya: The project titled ‘Blight Out’ began at the end of 1999 as a collaborative project between the Centre for Cellular and Molecular Biology (an international research firm) and Directorate of Rice Research, Hyderabad, south India. The Sambha Masuri was a popular rice variety in south India, but it was often infected by the deadly bacterial blight which has no solution after it attacks the plant. So it was our priority to work on something that is affecting lakhs of rice farmers in India and the world. At CCMB, chief scientist Dr Ramesh Sonti and I worked on it with encouragement from director Dr Mohan Rao.
Oryza: How did you go about achieving this?
Dr Vishnupriya: Our task was to drag three resistant genes through xa21 xa 13 and xa5 gene cassettes from the donor to the recipient while ensuring that the recipient retains its originality and the three resistant genes alone. We had to go backcrossing so that only the resistant genes were transferred into the final seed.
Dr Vishnupriya: Our task was to drag three resistant genes through xa21 xa 13 and xa5 gene cassettes from the donor to the recipient while ensuring that the recipient retains its originality and the three resistant genes alone. We had to go backcrossing so that only the resistant genes were transferred into the final seed.
Oryza: What is the main advantage of growing the improved
Sambha Masuri seed?
Dr Vishnupriya: First, it is bacterial blight resistant, it gives the farmer an early crop (by about ten days) and farmers can plant the same seed with every crop. Unlike in case of hybrids where farmers have to buy fresh set of seeds as the hybrid seeds lose their vigour and vitality with every passing generation, farmers can grow this variety by simply setting aside a few bags for seeding during the next season.
Dr Vishnupriya: First, it is bacterial blight resistant, it gives the farmer an early crop (by about ten days) and farmers can plant the same seed with every crop. Unlike in case of hybrids where farmers have to buy fresh set of seeds as the hybrid seeds lose their vigour and vitality with every passing generation, farmers can grow this variety by simply setting aside a few bags for seeding during the next season.
Oryza: What was the response of the farmers when they saw
the performance of the variety?
Dr Vishnupriya: In 2010, while a serious disease severely affected the rice plants of Nandyal town in south India, while a solo farmer who planted improved Sambha Masuri got a bumper yield. Later, the farmers also got to know about the millions of profits farmers in Gangavathi bagged after they planted this variety in 16,000 hectares. Now, the farmers are also asking us if we can find solutions to other diseases like for leaf streak, BHP, resistance to other diseases etc. We are working on that. We recently distributed 10 kg seed bags to a few hundreds farmers in October 2014 and hope to reach out to more farmers through Krishi Vignan Kendras (Indian grassroot agriculture research institutes) .
Dr Vishnupriya: In 2010, while a serious disease severely affected the rice plants of Nandyal town in south India, while a solo farmer who planted improved Sambha Masuri got a bumper yield. Later, the farmers also got to know about the millions of profits farmers in Gangavathi bagged after they planted this variety in 16,000 hectares. Now, the farmers are also asking us if we can find solutions to other diseases like for leaf streak, BHP, resistance to other diseases etc. We are working on that. We recently distributed 10 kg seed bags to a few hundreds farmers in October 2014 and hope to reach out to more farmers through Krishi Vignan Kendras (Indian grassroot agriculture research institutes) .
Oryza: What else do you foresee for improved Sambha
Masuri’s future?
Dr Vishnupriya: More and more Indian and global farmers cultivating it and keeping up the fight on against the bacterial blight despite it developing resistance or getting smarter.
Dr Vishnupriya: More and more Indian and global farmers cultivating it and keeping up the fight on against the bacterial blight despite it developing resistance or getting smarter.
Oryza: What else is CCMB working on now, for rice farmers
especially?
Dr Vishnupriya: I am working on a project with abiotic stress heat stroke.
Dr Vishnupriya: I am working on a project with abiotic stress heat stroke.
Oryza: Has any seed company come forward to produce the
seeds?
Dr Vishnupriya: We were not happy with the work a seed company which came forward to do it and neither were we happy with proposals from some others. So now we are planning to float a seed company with international collaboration by the beginning of 2015, hopefully.
Dr Vishnupriya: We were not happy with the work a seed company which came forward to do it and neither were we happy with proposals from some others. So now we are planning to float a seed company with international collaboration by the beginning of 2015, hopefully.
Oryza: What do you think fetched the coveted award for
the rice variety?”
Dr Vishnupriya: It is a socially relevant product, a technical product with a human face and has a global impact. Our director Dr Mohan Rao took the initiative to ensure that the research that typically is restricted to records and government submissions has reached lakhs of farmers who are benefitting from it.
Dr Vishnupriya: It is a socially relevant product, a technical product with a human face and has a global impact. Our director Dr Mohan Rao took the initiative to ensure that the research that typically is restricted to records and government submissions has reached lakhs of farmers who are benefitting from it.
Tags: Rice,
rice news, CCMB, resistant
genes, improved sambha
masuri, India, dr ramesh sonti, dr mohan rao, dr vishnupriya, how to. bligh resistant
Thailand Intensifies Measures to
Support Rice Prices; Doubles Lending Budget of BAAC
Nov
25, 2014
The Thai government has decided to
increase lending budget of the Bank for Agriculture and Agricultural
Cooperatives (BAAC) to around 34.8 billion baht (around $1.06 billion) from the
earlier 17.3 billion baht (around $527 million) as part of measures to control
price falls in the current harvest season, according to Bloomberg.The
government will encourage farmers to delay sales of about 2 million tons from
the upcoming harvest to boost rice prices. According to local sources, it is
keen on increasing the price of unmilled white rice to around 8,500 baht
(around $263) per ton, prices of unmilled jasmine rice to around 16,000 baht
(around $495) per ton, and prices of glutinous rice to around 13,000 baht
(around $401) per ton during the main crop harvest season.
The government will provide
low-interest loans to farmers to hold their harvest and refrain from selling. The
loans will be increased to 90% of the value of rice stored (without releasing
into market) from the current 80%. It will also pay about 1,000 baht (around
$77) per ton to farmers to ensure rice is kept in good conditions.The measures
are expected to prevent prices from falling as well as help increase incomes of
farmers.
Tags: Thai rice sector, Thai rice prices
Pakistan Exports 295,252 Tons of
Rice in First Two Months of FY 2014-15
Nov
25, 2014
The South Asian nation exported 91,216 tons of basmati rice worth 105.72
million during July - August 2014. The U.A.E. and the U.K. remained biggest
destinations for Pakistan's basmati rice in July - August 2014. The U.A.E.
accounted to about 19% of Pakistan's total basmati rice exports in the first
two months of FY 2014-15. Pakistan exported around 17,654 tons of basmati rice
worth $20.3 million to the U.A.E. in the referred period. The U.K. accounted to
about 11% of Pakistan's total basmati rice exports in the first two months of
FY 2014-15. Pakistan exported around 10,174 tons of basmati rice worth $11.6
million to the U.K. in the referred period.
Other important destinations for Pakistan’s basmati rice exports in July -
August 2014 included Oman (about 7,701 tons worth $10.5 million), Azerbaijan
(about 6,606 tons worth $3.3 million), KSA (about 6,578 tons worth $7.5
million), Qatar (about 4,802 tons worth $6.1 million), Australia (about 3,355
tons worth $4.2 million), U.S. (about 3,136 tons worth $4.7 million) and
Malaysia (about 2,534 tons worth $2.7 million).
Pakistan exported 204,036 tons of non-basmati rice worth 88.5 million
during July - August 2014. Kenya and Indonesia remained biggest destinations
for Pakistan's non-basmati rice in July - August 2014. Kenya accounted to about
29% of Pakistan's total non-basmati rice exports in the first two months of FY
2014-15. Pakistan exported around 58,952 tons of non-basmati rice worth $23.8
million to the Kenya in the stated period. Indonesia accounted to about 12% of
Pakistan's total non-basmati rice exports in the first two months of FY
2014-15. Pakistan exported around 24,500 tons of non-basmati rice worth $8.3
million to Indonesia in the stated period.
Other important destinations for Pakistan’s non-basmati rice exports in
July - August 2014 included Afghanistan (about 12,129 tons worth $3.7 million),
Tanzania (about 9,909 tons worth $4.2 million), KSA (about 8,100 tons worth $5.5
million), China (about 6,798 tons worth $4.6 million), Benin (about 6,541 tons
worth $2.4 million), U.A.E. (about 6,193 tons worth $5.3 million), Azerbaijan
(about 5,908 tons worth $1.8 million) and Iraq (about 5,283 tons worth $1.6
million).
In FY 2013-14, the U.A.E., the U.K., Yemen, Oman, KSA, Belgium, Azerbaijan,
Spain and the U.S. remained the top destinations for Pakistan's basmati rice.
Kenya, China, Madagascar, Tanzania, Benin, Mozambique, Malaysia, Ivory Coast,
KSA, Guinea and Mauritania remained top destinations for Pakistan's non-basmati
rice exports during the year.
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