Bangladesh Receives China Support
to Boost Rice Production
Dec 29, 2014
Bangladesh
will receive China’s support to boost rice production in the country under an
agricultural cooperation agreement, according to local sources.Under the
agreement, China has agreed to transfer the technology of its indigenous
high-yielding rice variety to Bangladesh and will also set up a rice research
center in Bangladesh.The decision was taken during the recent visit of the
Chinese Foreign Minister to Dhaka, according to local sources. The Bangladesh
Foreign Minister told local media sources that discussions with his Chinese
counterpart have been successful and would help Bangladesh in increasing food
production significantly. China agreeing to transfer technology of high-yield
rice is "a big development," he said.
The
China-Bangladesh collaboration also includes several other trade and bilateral
issues.Bangladesh produced around 34.36 million tons of rice in 2013-14, up
about 2% from around 33.76 million tons last year, according to data from
Bangladesh Bureau of Statistics (BBS). USDA estimates Bangladesh to produce
around 34.6 million tons of milled rice and import around 500,000 tons in MY
2014-15 (July – June).
Italian Rice Farmers Prefer Re-use of Self Produced Seeds Over Certified
Seeds
Dec 29, 2014
Italian rice
farmers are reportedly reducing the use of certified seeds for the last couple
of years, according to the data from Nazionale Risi, the National agency for
rice, the use of certified seeds in the crop year 2013-14 remained unchanged
from the previous year despite an increase in the rice acreage. The data also
shows that area for growing certified seeds in 2013-14 has declined by about
20% y/y due to reduction in the usage of certified seeds. Total area for seed
production (including certified seeds and self-produced seeds) in Italy during
the year stood at around 9,581 hectares. Italy produced 42,884 tons of seeds
and exported around 8.470 tons during 2013-14. The European country also
imported around 241 tons of rice seeds during the year.
Farmers
are understood to be preferring the re-use of self-produced seeds to reduce
production costs. However, analysts say though re-use of self-produced seeds
reduce production costs, they may affect the quality of paddy output as they
may need increased use of chemical fertilizers to reduce infections transmitted
through the seeds. They also noted that with the use of such seeds, it becomes
difficult to test for the absence of genetically modified (GM) contaminations.
Global
Rice Quotes
December 29th, 2014
Long grain white rice - high
quality
Thailand 100% B grade 420-430 ↔
Vietnam 5% broken 380-390 ↓
India 5% broken 385-395 ↔
Pakistan 5% broken 375-385 ↑
Cambodia 5% broken 460-470 ↔
U.S. 4% broken 510-520 ↔
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 335-345 ↑
Cambodia 25% broken 435-445 ↔
India 25% broken 350-360 ↔
U.S. 15% broken 495-505 ↔
Long grain parboiled rice
Thailand parboiled 100% stxd 405-415 ↔
Pakistan parboiled 5% broken
stxd 405-415 ↑
India parboiled 5% broken stxd 375-385 ↔
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% 895-905 ↑
Vietnam Jasmine 510-520 ↓
India basmati 2% broken NQ ↔
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Mails 805-815 ↔
Brokens
Thailand A1 Super 330-340 ↔
Vietnam 100% broken 330-340 ↔
Pakistan 100% broken stxd 300-310 ↔
Cambodia A1 Super 385-395 ↔
India 100% broken stxd 295-305 ↔
Egypt medium grain brokens NQ ↔
U.S. pet food 390-400 ↔
Brazil half grain NQ ↔
All prices USD per ton, FOB
vessel, oryza.com
Oryza Overnight Recap - Chicago Rough Rice Future Sharply Lower this
Morning as Buying Interest Disappears
Dec 29, 2014
Chicago
rough rice futures for Jan delivery were trading 33.5 cents per cwt (about $7
per ton) lower at $11.830 per cwt (about $261 per ton) during early floor
trading in Chicago. The other grains are seen trading mixed: soybeans are
currently seen 0.4% higher, wheat is listed unchanged and corn is currently
trading unchanged.U.S. stocks traded in a narrow range on Monday, amid some
pressure on European stocks from Greece's failure to elect a president in a
third round of elections. The Russell 2000 and the Dow Utility Average traded
at new highs, up 4.84% and 31% for the year, respectively.
Both
indices have led market gains since the S&P 500 closed at a 1.5-month low
on Dec. 16. Oil prices edged higher on concerns about disruption to output from
Libya. U.S. stock index futures signaled a softer open on Monday, with stocks
in Europe trading lower after third-round elections in Greece failed to secure
a new president. Volumes are expected to be light after the Dow Jones
Industrial Average and the S&P 500 posted record gains last week. The Dow
advanced 1.4 percent in light volume on the week after consistent record
closes, but uncertainty in Europe weighed on stocks amid the political turmoil
in Greece. Gold is currently trading about 1.1% lower, crude oil is seen
trading about 0.6% higher, and the U.S. dollar is currently trading
slightly lower at 10:10am Chicago time.
Oryza Afternoon Recap - Chicago Rough Rice Futures Tumble as Iraq Passes on
US Rice in Latest Tender Announcement
Dec 29, 2014
Chicago
rough rice futures for Jan delivery settled 34.5 cents per cwt (about $8 per
ton) lower at $11.820 per cwt (about $268 per ton). Rough rice futures tumbled
on news that the Iraqi Grain Board has passed on US origin rice in its latest
tender awards, instead turning to Brazil and Argentina in its latest round of
buying. The US futures market immediately reacted to the negative news as
prices once again slipped below $12.000 per cwt (about $265 per ton). The other
grains closed mostly lower today; Soybeans closed about 0.5% lower at $10.4875
per bushel; wheat finished about 0.8% higher at $6.1550 per bushel, and corn
finished the day about 0.5% lower at $4.1275 per bushel.
U.S.
stocks traded slightly higher on Monday, shaking off declining oil prices and
earlier pressure from Greece's failure to elect a president. The Dow Jones
Industrial Average held to the smallest trading range of December. The Russell
2000 and the Dow Utility Average traded near new highs, up about 4.7% and 31%
for the year, respectively. Both indices have led market gains since the
S&P 500 closed at a 1.5-month low on Dec. 16. On the S&P 500, the
defensive utilities sector rose more than 1.20% to lead gains. After edging
higher on concerns about disruption to output from Libya, WTI Crude hit $53.32
a barrel, the lowest since 2009.
Low oil prices have hurt the energy-sensitive
region of Texas, according to December figures from the Dallas Manufacturing
Survey. The general business activity index fell to 4.1 from 10.5, the weakest
level since March. With many traders on vacation between the Christmas and New
Year's holidays, composite volume on the New York Stock Exchange was 1.3
billion in early afternoon trade. Earlier, stocks opened lower, following the
lead of U.S. stock index futures, amid some pressure on European stocks from
Greece's failure to elect a president in a third round of elections. Greek
stocks fell as much as 11% on the news, paving the way for a snap election on
January 25, 2015.
The result did not come as a surprise, with
many analysts saying prior to the vote that the Greek government needed a
"miracle" to avoid a general election. The Dow Jones Industrial
Average traded down 6 points, or 0.03%, to 18,047. The S&P 500 reversed
opening losses to trade up 2.5 points, or 0.11%, at 2,091, with utilities
leading gains in half of the sectors and telecommunications the greatest
laggard. The Nasdaq traded down 1.3 points, or 0.03%, to 4,805. Gold is trading
about 1.1% lower, crude oil is seen trading about 2.6% lower, and the U.S. dollar
is seen trading about 0.2% higher at about 1:00pm Chicago time.Friday,
there were 634 contracts traded, down from 672 contracts traded on Wednesday.
Open interest – the number of contracts outstanding – on Friday decreased by
218 contracts to 9,000.
Nigeria's New Rice Policy Criticized for Creating $216 Million Losses to
Exchequer
Dec 29, 2014
Experts have
slammed Nigeria's new rice policy of granting waivers and concessions to
importers as part of efforts to bridge supply-gap of import-grade rice of
around 1.5 million tons in the country, according to local sources. In order to
encourage investment in the rice sector and support its rice self-sufficiency
plan, the Federal government has decided to provide duty waivers to existing
millers as well as new investors in the country. According to the new rice
policy, existing millers and investors have been receiving a preferential levy
of 20% and duty of 10% while other importers are required to pay a higher levy
of 60% and 10% duty to the government. Accordingly, the Federal Ministry of
Agriculture and Rural Development has been allocating rice import quotas to
various importers, millers and investors.
Experts
say this policy has some flaws. First, investors who do not have a strong base
in the country's rice sector have been applying for preferential import quotas.
They noted that of the 28 beneficiaries so far, only 16 have invested in mills
and the remaining 12 did not have investment in mills but have accounted for
higher imports than those who really have mills. They also noted that most of
the investors who got import allocations have been trading their quota, which
they got at 20% levy, to other stakeholders between 60 - 80% levy. They have
slammed the government for granting import quotas indiscriminately and creating
losses to the extent of N20 billion (around $108 million) to the exchequer.They
said the new policy of the government would encourage rice smuggling in the
country leading to another N20 billion (around $108 million) losses.
However,
the Agriculture Minister denied the experts' claims saying the Ministry has not
been granting import quotas indiscriminately and they have been following a
specific methodology to do so. He noted that that importers/millers/investors
applying for preferential import levy are required to submit a Domestic
Rice Production Plan (DRPP) to prove that they have been working towards
increasing rice production in the country.
Oryza U.S. Rough Rice Recap - Market Softens after IGB Passes on U.S. in
Favor of South American Origin
Dec 29, 2014
The U.S. cash market
was softer today, despite extremely limited buy/sell interest, after it was
announced that the Iraqi Grain Board overlooked U.S. origin rice in favor of
more expensive South American rice.It was reported that IGB purchased 40,000 MT
of Brazilian rice at $669 per MT CIF Liner Out Umm Qasr as well as 30,000 MT of
Argentine rice at $675 PMT CIF Free out where as the offer 75,000 MT at $624
PMT CIF Liner out and 30,000 MT at $647 CIF Free out.
With IGB passing on
the U.S. offer, analysts expect prices to remain subdued until the U.S. is able
to secure some more export business from either Iraq or Venezuela however at
the moment no one in the industry is holding their breath.
Italy Exports 632,930 Tons of Rice in 2013-14; Down 6% from Previous Year
Dec 29, 2014
Italy has
exported around 632,930 tons of rice, basis milled, in the crop year 2013-14
(September 1, 2013 - October 31, 2014), down about 6.3% from around 675,434
tons exported in the crop year 2012-13, according to data from the Ente
Nazionale Risi, the National agency for rice.Italy's rice exports to EU
countries during 2013-14 accounted for around 524,604 tons, down about 5.6%
from around 555,924 tons exported last year. Exports to non-producing EU
countries declined about 7.6% y/y.
Exports to non-rice producing countries
declined by about 1%. Among rice producing countries, exports to France
registered highest decline of about 11.1% y/y.Italy's rice exports to Non-EU
countries during the year accounted for around 108,326 tons, down about 9.4%
from around 119,510 tons exported during the previous year. While exports to
European non-EU countries increased about 17.3% y/y, those to Asia, including
Turkey and Syria, declined about 21.7% y/y. Exports to Africa, America and
Oceania also witnessed a downward trend.
Thailand, Pakistan Rice Quotes Up Today; Vietnam Rice Quotes Down
Dec 29, 2014
Thailand rice
sellers increased their quotes for Hommali rice by about $5 per ton to around
$895- $905 per ton today. Vietnam rice sellers lowered their quotes for 5%
broken rice and Jasmine rice by about $5 per ton and $15 per ton to around$380
- $390 per ton and around $510 - $520 per ton, respectively, today. Pakistan
rice sellers increased most of their quotes. India rice sellers kept
their quotes unchanged today.
5% Broken Rice
Thailand 5% rice is
quoted at around $405 - $415 per ton, about $25 per ton premium on Vietnam 5%
rice shown at around $380 - $390 per ton, down about $5 per ton from Friday. India
5% rice is quoted at around $385 - $395 per ton, about $10 per ton premium on
Pakistan 5% rice quoted at around $375 - $385 per ton, up about $5 per ton from
Friday.
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.
India 25% rice is
quoted at around $350 - $360, about $15 per ton premium on Pakistan 25% rice
quoted at around $335 - $345 per ton, up about $5 per ton from Friday.
Parboiled Rice
Thailand parboiled
rice is quoted at around $405 - $415 per ton.
India parboiled rice
is quoted at around $375 - $385 per ton, about $30 per ton discount to Pakistan
parboiled rice quoted at around $405 - $415 per ton, up about $10 per ton from
Friday.
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. India's 100% broken rice
is shown at around $295 - $305 per ton, about $5 per ton discount to
Pakistan broken sortexed rice quoted at around $300 - $310 per ton.
Vietnam Exports About 6.04 Million Tons Rice During January 1 – December
26, 2014
Dec 29, 2014
Vietnam exported
around 6.036 million tons of rice during January 1 - December 26, 2014, down
about 10% from around 6.71 million tons of rice exported in full year of 2013,
according to data from the Vietnam Food Association (VFA). Average rice export
price so far in this year stands at around $440 per ton (FOB), up about 1.6%
per ton from about $433 per ton recorded same time last year.
During December 1-
26, 2014, Vietnam exported around 195,747 tons of rice, down about 64% from
around 540,378 tons rice exported in full month of December 2013, and down
about 60% from around 484,513 tons rice exported in full month of November
2014. Average export prices in so far in December stand at around $478 per ton,
up about 5% from a year ago, and up about 3% per ton from a month ago.
Philippines Plans to Release New Heat-Tolerant Rice Varieties by 2017
Dec 29, 2014
The
Philippine Rice Research Institute (PhilRice) is developing new rice varieties
that can endure high temperatures and provide high yields, according to a news
release on its website.Normally, rice grows optimally between 20-35 degrees
centigrade and becomes sensitive to increasing temperatures especially during
the flowering stage and eventually, yields may be affected.
A
team of researchers from PhilRice have been developing new rice genotypes that
can tolerate and adapt to temperatures as high as 37-39 degrees centigrade
under irrigated lowland conditions. They identified N22 (Nagina 22 from India),
Dular (India), and Nipponbare (Japan) as donor parents and generated new high
temperature tolerant breeding varieties using conventional breeding and
molecular marker-assisted selection processes. The lead researcher of the
project noted that they established breeding nurseries in high temperature
regions under field conditions. They set the timing of planting such that the
flowering stage coincided with the highest temperature during the growing
season.
They
researchers identified twenty five new breeding lines which are tolerant to
high temperatures. These breeding lines will be evaluated for other traits and
depending on the results, they will be nominated to the National Cooperative
Test for Multi-Environment testing, said the lead researcher of the project.He
expressed confidence that a new heat-tolerant rice variety would be released in
2016-17. Developing rice varieties that can tolerate high temperatures is
important part in dealing with climate change in rice growing areas, he added.
Separately, the Philippines Department of Agriculture
(DA) is planning to incorporate climate smart technologies in its programs to
help local agriculture sector adapt to extreme weather conditions.The DA is
currently testing the adaptability of three varieties of Green Super Rice,
which is jointly developed by the International Rice Research Institute (IRRI)
and the PhilRice, for different climatic conditions. Green Super Rice is
developed by combining the superior traits of 250 rice varieties and hybrids for
tolerating extreme weather/growing conditions such as drought, floods and low
inputs, including zero pesticides and less fertilizers. The National Seed
Industry Council has to certify thper Rice for commercial use.
Get all above news in pdf format: just click the following link
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