Australia Government to Fund Rice Projects in Eastern
Gangetic Plains
Jan 13, 2015
The Australian
government is working closely with the research scientists from Australia,
Bangladesh, India and Nepal towards improving rice productivity as well as
profitability of around 7,000 small scale farmers in the Eastern Gangetic
plains of Nepal, Bangladesh and India, according to local sources.It will
provide funds of about $6.7 million to implement the program over a period of
five years in eight districts - two districts of North-west Bangladesh, two
districts in East Nepal and two districts each in Indian states of Bihar and
West Bengal. Rice farmers in these districts will be particularly guided to use
water and other resources efficiently, adapting to climate change as well as
connecting with new markets.
The Australian Center for International Agricultural
Research (ACIAR) will manage the program with the support of Pakistan National
Agricultural Research Council (NARC), the Bangladesh Agricultural Research
Council (BARC), the Indian Council of Agricultural Research (ICAR), and
agricultural universities in India.According to the South Asia regional manager
of ACIAR, rice productivity in the Eastern Gangetic Plains has been low due to
poorly-developed markets, inadequate development of water resources, efficient
service networks and lack of sufficient agricultural knowledge. He noted that
the program will help farmers in the selected districts to adopt technologies
from Australia, Canada and Brazil by modifying them accordingly. The
program particularly aims to "identify different ways to optimise
Brazil Paddy Rice Index Increases Slightly from Last Week
Jan 13, 2015
The
Brazilian paddy rice index maintained by CEPEA reached around 38.08 real per 50
kilograms as of January 12, 2015, up about 0.40% from around 37.93 real per 50
kilograms recorded on January 5, 2015.In terms of USD per ton, the index
reached around $286.65 per ton on January 12, 2015, up about 2.4% from around
$280 per ton recorded on January 5, 2015.
Cambodia Hopes to Reduce Unofficial Exports with Rice
Bank
Jan 13, 2015
A major
quantity of Cambodian paddy/rice is exported to Vietnam and Thailand through
unofficial channels during the harvest season as the country lacks proper
storage facilities. Due to this, millers face severe shortages of paddy for
milling during lean months of April and May.In order to address this issue,
Cambodia Rice Bank (CRB) has been set up as Cambodia's first large-scale paddy
rice bank in August 2014 to ensure uninterrupted supplies to millers and
exporters. The Bank collected 20,000 tons of paddy and 7,000 tons of milled rice
worth $12 million in three months (October - December) of the harvest period,
according to local sources.
The Chairman
and CEO of the CRB told local sources that they are expecting to collect three
times more paddy and rice in the 2015-16 harvest season. He noted that the Bank
is primarily targeting to reduce the informal, over-the-border paddy rice sales
during the harvest season and is aiming to have adequate paddy for millers to
access during the lean season. The CRB was set up by private millers with
about $30 million investment to better manage market fluctuations in Cambodia's
rice industry. The Bank is equipped with sufficient number of silos, rice
dryers and storage sheds to carry out the purpose more effectively.
The Senior Advisor of the Cambodia Rice
Federation (CRF) noted that the private sector has been successful in starting
this project while the government had failed many times. However, he said since
the private sector has limited resources, he called on the government and
donors to offer support to them in further developing the Bank as well as the
country's rice sector. The Bank is also considering to introduce the concept of
"warehousing receipt," under which it can lend loans to farmers using
paddy stock as collateral.These measures along with effective irrigation
systems and support to farmers are expected to increase the competitiveness of
Cambodian rice in the global market and help the government to reach its export
target. Lower sales through borders is also expected to help increase the
foreign exchange income to the government.
Cambodia has exported about 387,100 tons of
rice in 2014, up about 2% from around 378,856 tons exported in 2013, according
to local sources. USDA estimates Cambodia to export 1.2 million tons of rice (including
official and unofficial exports to Vietnam and Thailand through borders) in
2015, up about 20% from around 1 million tons in 2014.
Maldives Tenders to Buy 9,000 Tons of Parboiled Rice
Jan 13, 2015
Maldives is
seeking to purchase 9,000 tons of parboiled rice in an international tender,
according to Reuters.European Traders were quoted as saying that tender offers
would be opened on February 8, 2015.They noted that the stated amount of rice
would be sourced optionally from India, Pakistan, Turkey, Singapore, Indonesia,
Malaysia, Thailand, the Philippines, United Arab Emirates, Australia, Canada,
Sri Lanka, United States, South America and Europe.
Indian Researchers Develop New Drought Tolerant Rice
Varieties
Jan 13, 2015
Researchers
at the Central Rice Research Institute of India (CRRI) have developed four new
drought-resistant paddy varieties - Ankit, Sachala, Gopinath, Maudamani - and
another variety - Chakaakhi - that can sustain in less water conditions
suitable to grow in India's Eastern state Odisha, according to local sources.According
to the Chief Scientist at the CRRI told local sources that Ankit (CR
Paddy-101), Sachala (CR Paddy-203) and Gopinath are suited for high lands and
require less water and can be harvested in 110 days.
Ankit can yield about 4 tons per hectare in
normal conditions and about 2.8 tons per hectare under drought conditions.
Maudamani (CR-307) is more suited for irrigated lands and can yield up to 5
tons per hectare, according to him. All the four varieties are also
pest-tolerant and immune to certain diseases, according to the Chief Scientist.The
fifth variety Chakaakhi (CR-408) can also withstand flood conditions and pest
attacks apart from sustaining drought conditions. This a fatty and longer
variety and its harvest period is around 160-165 days. Since rice plants of
this variety has dark colored roots different from the color of grass that
grows around paddy, it is very easy for farmers to clean weeds and unwanted
grass from the fields. The variety is also suitable for preparation of watered
rice (Pakhala), according to the researchers.
In November 2014, the CRRI developed three
climate-resilient varieties. According to CRRI, it would take about two years
to make these varieties available to farmers. Odisha produces accounts
for about 7.5% of total India's rice production. The state produced about 7.6
million tons of rice in 2013-14, up about 3% from around 7.3 million tons in
2012-13, according to the Indian Ministry of Agriculture. India produced around
106.54 million tons (91.69 from kharif and 14.85 from rabi) of rice in 2013-14
(October – September), up about 1% from around 105.31 million tons in 2012-13.
Global Rice
Quotes
January
14th, 2015
Long
grain white rice - high quality
Thailand
100% B grade 415-425 ↔
Vietnam
5% broken 375-385 ↔
India
5% broken 390-400 ↔
Pakistan
5% broken 370-380 ↔
Cambodia
5% broken 450-460 ↔
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 345-355 ↔
Pakistan
25% broken 325-335 ↔
Cambodia
25% broken 430-440 ↔
India
25% broken 355-365 ↔
U.S.
15% broken 495-505 ↔
Long
grain parboiled rice
Thailand
parboiled 100% stxd 405-415 ↔
Pakistan
parboiled 5% broken stxd 400-410 ↔
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% 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 320-330 ↔
Vietnam
100% broken 325-335 ↔
Pakistan
100% broken stxd 290-300 ↔
Cambodia
A1 Super 355-365 ↔
India
100% broken stxd 295-305 ↓
Egypt
medium grain brokens NQ ↔
U.S.
pet food 405-415 ↔
Brazil
half grain NQ ↔
All prices USD per ton, FOB vessel, oryza.com
Oryza Overnight Recap - Chicago Rough Rice Futures
Lifeless as Traders Mull over Yesterday's USDA S&D Update
Jan 13, 2015
Chicago rough rice futures for Mar delivery
are currently trading 1.5 cents per cwt (about $0.33 per ton) lower at $11.445
per cwt (about $252 per ton) during early floor trading in Chicago. The other
grains are seen trading higher this morning: soybeans are currently seen 0.6%
higher, wheat is listed about 1% higher and corn is currently noted about 0.6%
higher.U.S. stocks rallied on Tuesday, with equities bouncing back after a
two-session drop, after aluminum-producer Alcoa kicked off the fourth-quarter
earnings season by beating estimates. With the fourth-quarter earnings season
started, investors are on the lookout for the effect of crude's decline on the
S&P 500's collective bottom line.
On
Tuesday, oil prices fell to near six-year lows as a major OPEC producer stuck
to the cartel's decision not to reduce output. Jumping as much as 281 points,
the Dow Jones Industrial Average was lately up 264.33 points, or 1.5%, at
17,905.17, lifting the blue-chip index back into positive terrain for the year.
The S&P 500 rose 26.12, or 1.3%, to 2,054.38, with technology leading a
broad advance that included all 10 major industry groups. Also erasing its loss
for 2015, the Nasdaq gained 73.94 points, or 1.6%, to 4,738.65. Gold is
currently trading about 0.2% higher, crude oil is seen trading about 1.7%
lower, and the U.S. dollar is currently trading about 0.4% higher at
10:10am Chicago time.
Oryza Afternoon Recap - Chicago Rough Rice Futures Settle
Little Changed as Falling Crude Weighs on US Grain Prices
Jan 13, 2015
Chicago rough rice futures for Mar delivery
settled 1.5 cents per cwt (about $0.33 per ton) lower at $11.445 per cwt (about
$253 per ton). Rough rice futures closed slightly lower after spending the
majority of the morning trading steadily lower before turning to recover in
afternoon trading. Prices remain trapped in a sideways trading range between
support at $11.395 per cwt (about $251 per ton) and resistance around $11.750
per cwt (about $259 per ton).
A breakout below the previously mentioned
point of support would be viewed as a bearish development and likely trigger
additional technical selling. The other grains closed sharply lower today;
Soybeans closed about 1.2% lower at $10.0400 per bushel; wheat finished about
1.4% lower at $5.4800 per bushel, and corn finished the day about 4% lower at $3.8575
per bushel.U.S. stocks took a stiff detour lower on Tuesday, with a near
300-point rally on the Dow fading into a triple-digit decline amid falling
commodity prices and as Germany reportedly threw cold water on hopes that the
European Central Bank would take additional steps to bolster the region's
economy.
With the fourth-quarter earnings season
started, investors are on the lookout for the effect of crude's decline on the
S&P 500's collective bottom line, with oil prices on Tuesday falling to
near six-year lows as a major OPEC producer stuck to the cartel's decision not
to reduce output. Scaling back from a 282-point jump, the Dow Jones Industrial
Average was lately down 68.50 points, or 0.4%, at 17,572.34. The S&P 500
shed 10.09 points, or 0.5%, to 2,018.17, with materials and energy hardest hit
among its major sectors. The Nasdaq declined 11 points, or 0.2%, to 4,653.71.
Gold is trading about 0.1% higher, crude oil is seen trading about 0.7% lower,
and the U.S. dollar is seen trading about 0.4% higher at about 1:00pm
Chicago time.Monday, there were 413 contracts traded, up from 174 contracts
traded on Friday. Open interest – the number of contracts outstanding – on
Monday decreased by 319 contracts to 8,448.
Thailand Rice Sellers Lower Some of Their Quotes Today;
Other Asia Rice Quotes Unchanged Today
Jan 13, 2015
Thailand
rice sellers lowered their quotes for 100% B grade white rice by about $5
per ton to around $415 - $425 per ton today. 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 $30 per ton premium on
Vietnam 5% rice shown at around $375 - $385 per ton. India 5% rice is quoted at
around $390 - $400 per ton, about $20 per ton premium on Pakistan 5% rice
quoted at around $370 - $380 per ton.
25% Broken Rice
Thailand 25%
rice was last quoted at around $350 - $360 per ton, about $5 per ton premium on
Vietnam 25% rice shown at around $345 - $355 per ton. India 25% rice is
quoted at around $355 - $365, about $30 per ton premium on Pakistan 25% rice
quoted at around $325 - $335 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 $20 per ton discount to Pakistan
parboiled rice quoted at around $400 - $410 per ton.
100% Broken Rice
Thailand
broken rice, A1 Super, is quoted at around $320 - $330 per ton, about $5 per
ton discount to Vietnam 100% broken rice shown at around $325 - $335 per ton.
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.
Thailand Plans to Sell 10 Million Tons of Stockpiled Rice
in 2015
Jan 13, 2015
The Thai Commerce Ministry is
planning to sell around 10 million tons of stockpiled rice in 2015 and around 7
million tons in 2016, Reuters quoted the Permanent Secretary of the Ministry as
saying.The Secretary noted that the Ministry has planned to sell about 17.8
million tons of rice within the next two years. She noted that the Ministry
will announce details of tenders to sell around 1 million tons of rice between
January and March this year.
Last month, the Thai Prime Minister noted
that the government is planning to sell the rice stocks without impacting
prices.Thailand sold around 681,740 tons of rice in four tenders last year
after the military government took over on May 22, 2014; and the government has
struck government-to-government deals for about 570,000 tons last year, she
said.
According to the stock audit report
released by the government, of the 17.8 million tons of rice stocks, of which
2.35 million tons are of good quality, 14.4 million tons are sub-standard,
around 694,000 tons are rotten and around 390,000 are missing. The former Prime
Minister is facing impeachment hearing for her role in the management and
implementation of the controversial rice pledging scheme.Thailand exported
around 10.8 million tons of rice in 2014, up about 64% from around 6.6 million
tons in 2013.
Separately, the Ministries of Agriculture
and Commerce discussed on rice production adjustment considering the current
in-stock rice, exports, domestic consumption and rice market information,
according to local sources. They are planning to adjust rice production
structure so as to balance the demand and supply of rice by 2019. They will
present the outcome of their meeting to the National Rice Policy Committee
(NRPC).
Thailand To Sign MOU with Hong Kong to Export 100,000
Tons of Rice
Jan 13, 2015
Thai rice
exporters will sign a Memorandum of Understanding (MoU) with Hong Kong's rice
importers to export around 100,000 tons of rice to Hong Kong this year, in
presence of the Thai Commerce Minister in this week, according to the Thai News
Agency.The Thai Commerce Minister is reportedly visiting Hong Kong this week
from January 16 - 17 to promote Thai rice as well as discuss trade relations,
especially related to rice, with Hong Kong's Secretary for Commerce and
Economic Development. He will also meet the Chairs of Hong Kong's three rice
importers' associations.
Thai rice exporters will also sign a letter
of intent (LOI) on bilateral cooperation and trade with Hong Kong's rice
importers. Both the LOI and the MOU will signify a likely increase in market
share for Thai rice in Hong Kong, say Thai rice exporters.Hong Kong is one of
the main destinations for Thai Jasmine rice. However, Thailand's share in Hong
Kong's rice market declined to around 46% in 2013 from about 86% in 2008 due to
the increase in Thai rice prices following the introduction of rice pledging
scheme, under which the Thai government bought paddy from farmers at 50% above
market prices, in 2011.
Thailand has been keen on regaining its
share in Hong Kong Jasmine rice market since last year. Thailand exported
around 156,000 tons of Jasmine rice to Hong Kong in 2011, around 134,000 tons
in 2012 and around 142,000 tons in 2013.The Thai government is planning to sell
over 17 million tons of rice stocks as soon as possible without impacting
prices. Thailand exported around 10.8 million tons of rice in 2014, up about
64% from around 6.6 million tons in 2013, according to data from Thai Rice
Exporters Association (TREA).
Philippines Rice Stocks Stand at About 3 Million Tons as
of December 1, 2014; Up 3% m/m and Up 22% y/y
Jan 13, 2015
Total rice stocks in the Philippines as of December 1, 2014 reached around 3.03 million tons, up about 3% from around 2.95 million tons recorded in November 2014, and up about 22% from around 2.49 million tons recorded during the same period last year, according to the Bureau of Agricultural Statistics (BAS).
According to
the BAS, household stocks (which account for about 51.7% of total rice stocks
in the country) have reached around 1.57 million tons as of December 1, 2014,
up about 9% from year-ago levels of around 1.44 million tons. Commercial
warehouse rice stocks (which account for about 32.3% of total stocks) have
reached around 980,000 tons as of December 1, 2014, up about 29% from their
year-ago levels of around 760,000 tons. The rice stocks with the National Food
Authority (NFA) (which account for 16% of total stocks) stood at around 490,000
tons, up about 63% from around 300,000 tons recorded in December 2013.
Month-on-month,
household rice stocks are down about 3%, commercial warehouse rice stocks are
up about 9% and NFA rice stocks - in which about 96.5% are imported rice - are
up about 14%, according to the BAS.
The BAS says
that the Philippines' rice stocks as of December 1, 2014 are enough to last for
89 days (household stocks are enough for 46 days, commercial warehouses stocks
are enough for 29 days and stocks with NFA are enough for 14 days).
The NFA had
imported about 1.8 million tons of rice since the beginning of 2014 (including
1.5 million tons of this year's imports and 300,000 tons of last year's
imports) to replenish rice stocks and control price hikes. In December 2014, it
allowed the private sector to import another 187,000 tons of rice under the
minimum access volume (MAV) program.
You can Download the above Rice E_Newsletter in pdf format by clicking the following link:
No comments:
Post a Comment