Vietnam rice Quotes Mixed Today; Pakistan Rice Sellers
Lower Some of Their Quotes
Dec 10,
2014
Vietnam rice
sellers lowered their quotes for 25% broken rice by about $5 per ton to around
$350 - $360 per ton and increased their quotes for 100% broken rice by about $5
per ton to around $330 - $340 per ton today. Pakistan rice sellers
lowered their quotes for 5% broken rice and 25% broken rice by about $5
per ton to each to around $370 - $380 per ton and $330 - $340 per ton
respectively today. Other Asia rice sellers kept their quotes mostly unchanged.
5% Broken Rice
Thailand 5%
rice is quoted at around $400 - $410 per ton, about $15 per ton premium on
Vietnam 5% rice shown at around $385 - $395 per ton. India 5% rice is quoted at
around $395 - $405 per ton, about $25 per ton premium on Pakistan 5% rice
quoted at around $370 - $380 per ton, down about $5 per ton from yesterday.
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 $30 per ton premium on
Pakistan 25% rice quoted at around $330 - $340 per ton, down about $5 per ton
from yesterday.
Parboiled Rice
Thailand
parboiled rice is quoted at around $400 - $410 per ton. India parboiled rice is
quoted at around $380 - $390 per ton, about $30 per ton discount to Pakistan
parboiled rice quoted at around $410 - $420 per ton.
100% Broken Rice
Thailand
broken rice, A1 Super, is quoted at around $330 - $340 per ton, on par with
Vietnam 100% broken rice shown at around $330 - $340 per ton, up about $5 per
ton from yesterday. India's 100% broken rice is shown at around $300 - $310 per
ton, about $10 per ton premium on Pakistan broken sortexed rice quoted at
around $290 - $300 per ton.
Ghana Needs New Strategies to Boost Rice Production
Dec
10, 2014
He noted that farmers should be encouraged
to invest more in production inputs in order to achieve higher and quality
output. Farmers should be taught to view rice production as a business, he
added.Other speakers in the dialogue urged the government to ensure necessary
support to all the stakeholders in the rice value chain to help them produce
more rice. They expressed confidence that Ghanaian rice farmers are capable of
producing 40% more rice with adequate support from the government.
Ghana produces only 30% of its annual
consumption needs of around one million tons and imports the rest. Ghana's
annual rice import bill stood at $306 million in 2013 and it is planning to
increase rice production by about 20% per annum over the next four years to
make the country self-sufficient in rice and subsequently ban rice imports.According
to the USDA, Ghana’s rice production is estimated at about 330,000 tons (milled
basis) in MY 2014-15 (October - September). The U.S. agency expects Ghana to
import 620,000 tons of rice during the year to meet consumption needs of around
one million tons of rice.
Tags: ,
Ghana rice imports
Iran Will Resume Rice Imports in February 2015, Global
Business Consultant Mustapha Pakzad Tells Oryza in Exclusive Interview
Dec 10,
2014
Oryza:
Iran's ban of rice imports, though understood to be temporary, is unprecedented
according to many traders. What is your comment?
M.Pakzad: We have had a high volume of imports this
year already. The low exchange rates made available at the end of the previous
presidency encouraged an over-purchase of rice. This means we have imported
about 50% more than needed. The ban is due to the fact that the new government
wants to clear the over-stock. As you know rice cannot be stored for much
longer than one year. Any further import at this stage is likely to cause
unhealthy competition. The ban will, however, be lifted in February 2015.
Oryza: Iran,
which normally increases duties on rice imports during September-November every
year, has this time opted to ban rice imports citing adequacy of stocks.
However, traders say the move is unprecedented. What is your comment?
M.Pakzad: The high tariffs are imposed during harvest
periods. We do have adequate stocks, in fact an over-stock. The ban is meant to
reduce the over-stock. In fact rice importers are already negotiating with
exporters, including the Iranian Government Trading Company. This is because
the former believe and the latter actually know that early in 2015 the ban will
be lifted and rice imports resumed.
Oryza: There
are concerns that Iran may not revert the decision soon given the government's
commitment to use the existing rice stocks. Do you see any such possibility?
M.Pakzad: No. The ban will be lifted in
February 2015. Iran has around 2.2 million tons of rice consumption per year.
750,000 to 1 million tons are covered by internal production. This means Iran
will always need 1 to 1.2 million tons of rice to be imported.
Oryza: Also,
the Iranian government is understood to be advocating self-sufficiency in rice
production. Currently, Iran produces less than half of around 3.45 million tons
of rice consumption needs. In this backdrop, achieving rice self-sufficiency is
not an easy task. How do you think the Middle East nation can achieve this
herculean task?
M.Pakzad:
Self-sufficiency is unlikely to ever happen simply because Iran does not have
the water resources necessary for this. Some attempts have been made to produce
rice near Urumieh lake, but the government is trying to stop this because it is
draining the lake. So the geographical conditions in Iran will never permit
100% self-sufficiency in rice.
Oryza: Do
you think changes in rice consumption patterns have been influencing the rice
import decision?
M.Pakzad: No. We have an average 3 to 5% increase in
national demand per year.
Oryza:
Iran's basmati rice imports from India have been increasing significantly over
the last few years. In 2013-14 (April - March), they constituted nearly 85% of
Iran's total rice imports of about 1.7 million tons. Despite such a background,
Iran seemed to reduce rice imports from India in a phased manner since February
this year. Do you see any politically motivated reason behind this decision?
M.Pakzad: Not at all. There are two reasons for
this. First is over-purchase which has caused over-stock of rice. Iran normally
imports 1.2 million tons per year, last year it imported around 1.8 tons. The
over-purchase was encouraged by the particularly low currency rates last year.
Second reason is that the government is now asking for GMP health certificate
since it is concerned about the standards in which rice is warehoused in India.
We have had recent visits to Iran by delegations from Indian Ministry of
Commerce and other organizations asking the Iranian authorities for less strict
regulations regarding rice imports. Of course these strict measures have
actually benefited reputable Indian exporters since it is well known that they
uphold high health standards. So they have been the winners in all this.
Naturally import volumes have been affected by these tightened regulatory
oversights too.
Oryza: Do
you see any possibility of Iran shifting buying interest slowly to any other country
from India?
M.Pakzad: No, not with rice. The reason is that
Iranians like long grain (Basmati) rice. Only India has long grain rice. Of the
1.2 million tons of rice imported into Iran per year, only around 200 thousand
tons are second rate quality rice from for example Thailand. This type of rice
is used in places like the army. The vast majority of consumption is high grade
long grain rice, and it is only India that can provide this.
Oryza: Do
you think price differential between the imported rice and locally produced
rice could have prompted this decision? That means, is this a move to protect
local rice farming community?
M.Pakzad: No. The price of good quality Iranian rice
is almost twice that of Indian rice imported and there is therefore no real
competition.
Oryza: India
exports nearly 30% of its basmati rice exports to Iran and her over-dependence
on the Middle East nation is likely to cost her hugely this year. Do you see
the need for India to further diversify her overseas basmati rice sales?
M.Pakzad: The Indian rice production volume is 4.5
million tons per year. About 2 million tons goes to Saudi Arabia due to Hajj
causing higher consumption, 1.2 million tons comes to Iran and about 300
thousand tons goes to UAE and other places. It is therefore not easy for India
to shift exports to countries other than Iran. It would be better to aim at
satisfying government regulations and preserving the market.
Oryza: How
do you think Iran's decision would impact global rice prices and stocks
especially when Thailand and Pakistan are speeding up their trials to reinstate
exports to Iran?
M.Pakzad: Thailand has no long grain rice and it
therefore poses no threat to Indian rice exports to Iran. Pakistan rice is
almost same grade as Indian. However, the health concerns are even greater for
Pakistan rice as far as the Iranian authorities are concerned and there is
therefore no real threat posed by Pakistan to Indian rice exporters to Iran
either. Pakistan tend to only serve the rice import needs of counties in Iran
which are along its borders. We must also note that if the ban does continue,
Basmati 1121 rice price in India will be affected, but it is unlikely that
matters will ever get to this.
Oryza: Finally,
when do you think Iran would lift the ban?
M.Pakzad: The ban should be lifted around February
2015.
Myanmar Plans to Release National Rice Export Strategy in
January 2015
Dec 10,
2014
The government is keen on boosting foreign
exchange income to the country and accordingly plans to enhance marketing for
top export items like rice as well as provide financial support for production
and improvement of product quality. It is keen on developing the export sector
extensively within the next five years.
The General Secretary of the Myanmar Rice
Federation (MRF) expressed concern that rice farmers often encounter extreme
weather conditions, which lead to lower production. He noted that farmers
should be given enough support to withstand such odds and still increase
production.In September this year, the government noted that it will put rice on
the top of its new five-year export promotion strategy and will explore newer
markets for its rice exports under the new strategy.Myanmar exported record
1.33 million tons of rice in 2012-13, but exports dropped to 1 million tons in
MY 2013-14. The government targets to export over 1 million tons this year. The
government is planning to increase its rice exports to about 3 million tons
over the next five years.
USDA
estimates Myanmar to produce 18.63 million tons of paddy rice (around 12
million tons, milled basis) and export around 1.3 million tons of rice in MY
2013-14 (January - December 2014).
Oryza Afternoon Recap - Chicago Rough Rice
Futures Retrace Slightly as USDA S&D Fails to Excite Market and as Crude
Prices Continue to Tumble
Dec 10,
2014
Chicago rough rice futures for Jan delivery
settled 3 cents per cwt (about $1 per ton) lower at $12.260 per cwt (about $270
per ton). Rough rice futures slipped slightly today as softer grain prices and
steeply lower crude prices weighed on the market. Today’s USDA S&D provided
little in the way of surprises and is seen as already having been priced into
the market. Traders had hoped for some follow-through buying interest today,
following yesterday’s nearly 25 cent per cwt (about $6 per ton) rally, however
they were disappointed as trade activity was muted throughout the day.
The other grains closed lower as well
today; Soybeans closed about 1.6% lower at $10.3225 per bushel; wheat finished
about 0.7% lower at $5.8275 per bushel, and corn finished the day about 0.4%
lower at $3.9475 per bushel.U.S. stocks fell sharply on Wednesday, furthering
the week's losses, as the price of crude fell to a five-year low and the
Organization of Petroleum Exporting Countries cut its demand outlook for next
year. OPEC reduced its estimate for 2015 by roughly 300,000 barrels a day, with
the cartel saying the effect of the 40 percent drop in prices on supply and
demand is uncertain. After a 228-point drop, the Dow Jones Industrial Average
was recently off 206.92 points, or 1.2%, at 17,594.28.
The S&P 500 dropped 24.68 points, or
1.2%, to 2,035.14, with the energy sector hardest hit of all 10 of its major
industry groups in decline. The Nasdaq fell 59.33 points, or 1.3%, to 4,707.14.
Gold is trading about 0.2% lower, crude oil is seen trading about 4.9% lower,
and the U.S. dollar is seen trading about 0.4% lower at about 1:00pm
Chicago time. Tuesday, there were 1,085 contracts traded, up from 370 contracts
traded on Monday. Open interest – the number of contracts outstanding – on
Tuesday decreased by 172 contracts to 10,166.
Oryza Overnight Recap – Chicago Rough Rice
Futures Lower Overnight as Market Cools After Yesterday’s Rally
Dec 10,
2014
Chicago rough rice futures for Jan delivery
were trading 4.5 cents per cwt (about $1 per ton) lower overnight at $12.245
per cwt (about $270 per ton) during early floor trading in Chicago. The other
grains are seen mostly lower: soybeans are currently seen 0.1% lower, wheat is
listed about 1.1% lower and corn is noted about 0.7% lower.U.S. stock index
futures signaled a lower open on Wednesday ahead of the monthly Federal budget
and after recovering much of the losses from Tuesday’s session. Data in focus
on Wednesday includes the publication of the Federal budget statement for
November, expected at 2pm ET, and a 10-year U.S. Treasury Auction.
European shares were higher on Wednesday,
staging a small rebound after heavy selling in the previous session. However,
worries about Greece persisted due to uncertainty surrounding a parliamentary
vote to elect a new president later this month. The country’s main stock index
fell 3%, extending Monday’s losses. Greek bond yields also spiked to around
8.2%. OPEC’s monthly oil market report for December will also be published on
Wednesday. This will be of key interest to investors, as oil prices remain
under pressure, with Brent crude trading at around $65 per barrel. Gold is
currently trading about 0.2% lower, crude oil is seen trading about 2.4%
lower, and the U.S. dollar is currently trading about 0.1% lower at
8:10am Chicago time.
Typhoon Hagupit Not to Impact Philippines
National Paddy Rice Output
Dec 10,
2014
Typhoon Hagupit (Ruby) which reportedly
damaged about 52,034 tons of paddy rice worth P890.92 million (around $20
million), may not impact the overall paddy rice output in the first quarter of
2015, local sources quoted the Agriculture Undersecretary as saying.He noted
that the losses from 'Ruby' are about 1.21% of the 2015 first quarter target of
around 4.28 million tons. He added that these minimal losses will not
significantly impact the national paddy production target.The Philippine
Statistics Authority (PSA) estimates the country's paddy rice output in the
first quarter of 2015 to decline about 0.6% to around 4.28 million tons from
around 4.31 million tons last year.
It estimates paddy rice acreage to decline
about 2.5% to around 1.13 million hectares from around 1.16 million hectares
last year.The PSA estimates the Philippines 2014 paddy rice production at
around 18.88 million tons, up about 2.4% from around 18.44 million tons
produced in 2013 as yields are estimated to increase to around 3.98 tons per
hectare from last year's 3.89 tons per hectare. However, paddy rice planting
area is estimated to decline about 0.05% to around 4.75 million hectares from
around 4.74 hectares.USDA estimates Philippines MY 2014-15 (July - June)
paddy rice production at around 19.365 million tons (around 12.2 million tons,
basis milled), up about 3% from around 18.822 million tons (around 11.8 million
tons, basis milled) produced in the previous year. It estimates Philippines
2014-15 milled rice exports at around 1.6 million tons, up about 10% from last
year.
Oryza U.S. Rough Rice Recap - Silent Market
despite USDA WASDE Increasing Exports
Dec 10,
2014
The U.S. cash market was dead silent today
as holiday doldrums set in. Farmers are still hoping to net close to $13.33 per
cwt fob farm (about $294 per ton) however bids are seen over $1.00 per cwt
lower and which is receiving little to no selling interest.Meanwhile, cash
prices were little changed despite the fact that the USDA WASDE report showed a
1.0 million cwt (45,359 tons) increase in US long grain exports which was a
result of increasing exports to South America and the Middle East which in turn
decreased U.S. long grain ending stocks by the same amount putting their
2014/2015 carry over projection at 27.0 million cwts (1,224,701 tons).
Tags: U.S. rice prices, U.S. rice market
Quick, Macro Solutions to Micro Nutrient
Deficiency in Paddy
Dec 10,
2014
They are
called micro nutrients, but their deficiencies can cause mega and macro
problems in paddy farms. Zinc and Iron deficiencies can throw paddy out
of gear, indirectly, if not tackled on time. Dr Sandhya Rani, Program
Co-ordinator, and her team at Krishi Vignan Kendra at Darshi in south India
share information on why micro nutrients deficiency can affect the
farmers’ yield in a big way.
Oryza: How
‘mega’ is the micronutrient deficiency problem in paddy plants?
KVK team: Nearly 40 percent of the farms in rice-producing states in south India suffer from Zinc deficiency. Zinc is important for paddy as it aids in making of enzymes, secretion of growth hormones, amino acids, fatty acids, absorption of Nitrogen and Phosphorous. Zinc also plays a crucial role in the first one month of its planting and for photosynthesis.
KVK team: Nearly 40 percent of the farms in rice-producing states in south India suffer from Zinc deficiency. Zinc is important for paddy as it aids in making of enzymes, secretion of growth hormones, amino acids, fatty acids, absorption of Nitrogen and Phosphorous. Zinc also plays a crucial role in the first one month of its planting and for photosynthesis.
Oryza: What
are the first indications of Zinc deficiency in a paddy plant?
KVK team: Deficiency symptoms start showing from the second week to up to sixth of transplanting. The other symptoms include:
- Yellowing of leaves between the veins
- Leaves turn yellow in black soil
- Leaves display bronze colour in red soils
- Mature leaves display lesions in rust/red
colors
- Leaves turn dry, brittle
KVK team: Deficiency symptoms start showing from the second week to up to sixth of transplanting. The other symptoms include:
- Yellowing of leaves between the veins
- Leaves turn yellow in black soil
- Leaves display bronze colour in red soils
- Mature leaves display lesions in rust/red
colors
- Leaves turn dry, brittle
Oryza: What
should paddy farmers watch out for when treating Zinc deficiencies?
KVK team: Zinc deficiency is most prominent in saline and stagnant soils. They should also remember to never use Zinc Sulphate with Phosphorous. In case both have to be administered, they should give a gap of at least three days in between.
KVK team: Zinc deficiency is most prominent in saline and stagnant soils. They should also remember to never use Zinc Sulphate with Phosphorous. In case both have to be administered, they should give a gap of at least three days in between.
Oryza: What
are the latest solutions to address the deficiency?
KVK team: Use 20 kg Zinc Sulphate for one acre in the last phase of puddling in farms where paddy is grown once a year. It must be administered once every three years in the Rabi season in farms where rice is grown twice a year.
KVK team: Use 20 kg Zinc Sulphate for one acre in the last phase of puddling in farms where paddy is grown once a year. It must be administered once every three years in the Rabi season in farms where rice is grown twice a year.
Oryza: How
grave is Iron deficiency in paddy plants. What should be done to tackle this?
KVK team: Iron helps in production of chlorophyll, photosynthesis, Nitrogen absorption and stablization and in making of enzymes. The first signs show up in tender leaves and in the stunted growth of the plant. One can notice yellowing of leaves between the veins due to loss of chlorophyll. The symptoms are prominent in farms with high content of calcium, salinity when iron content is less than PPM. Farmers should use organic fertilizers of chemical fertilizers with Iron in it.
Oryza: What is the solution?
KVK team: Farmers need to administer 20 gm Green Vitriol (Iron Sulphate) in one litre of water or 3 gm Citric Acid crystals in 200 litres water solution and administer it thrice in a span of six days. Spraying 0.5 percent chelate solution thrice is also effective.
KVK team: Iron helps in production of chlorophyll, photosynthesis, Nitrogen absorption and stablization and in making of enzymes. The first signs show up in tender leaves and in the stunted growth of the plant. One can notice yellowing of leaves between the veins due to loss of chlorophyll. The symptoms are prominent in farms with high content of calcium, salinity when iron content is less than PPM. Farmers should use organic fertilizers of chemical fertilizers with Iron in it.
Oryza: What is the solution?
KVK team: Farmers need to administer 20 gm Green Vitriol (Iron Sulphate) in one litre of water or 3 gm Citric Acid crystals in 200 litres water solution and administer it thrice in a span of six days. Spraying 0.5 percent chelate solution thrice is also effective.
Tags: Rice,
rice news, micro nutrient deficiency,
zinc, Iron
Global Rice Quotes
December 10th, 2014
Long grain white rice - high quality
Thailand 100% B grade 415-425 ↔
Vietnam 5% broken 385-395 ↔
India 5% broken 395-405 ↔
Pakistan 5% broken 370-380 ↓
Cambodia 5% broken 460-470 ↔
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 350-360 ↓
Pakistan 25% broken 330-340 ↓
Cambodia 25% broken NQ ↔
India 25% broken 360-370 ↔
U.S. 15% broken 515-525 ↔
Long grain parboiled rice
Thailand parboiled 100% stxd 400-410 ↔
Pakistan parboiled 5% broken stxd 410-420 ↔
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% 915-925 ↔
Vietnam Jasmine 525-535 ↔
India basmati 2% broken NQ ↔
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Malis 825-835 ↔
Brokens
Thailand A1 Super 330-340 ↔
Vietnam 100% broken 330-340 ↑
Pakistan 100% broken stxd 290-300 ↔
Cambodia A1 Super NQ ↔
India 100% Broken stxd 300-310 ↔
Egypt medium grain brokens NQ ↔
U.S. pet food 445-455
↔
Brazil half grain NQ ↔
All prices USD per ton, FOB vessel, oryza.com
contents are published with permission of ORYZA.com
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