EU Imports 442,433 Tons of Milled Rice from Non-EU Nations in September 1,
2014 - February 17, 2015; Up 2% from Last Year
Feb 25, 2015
Union
(EU) has imported around 442,433 tons of milled rice from non-EU nations in
September 1, 2014 - February 17, 2015, up about 2% from around 433,770 tons
imported during the same period last year, according to the EU data.The U.K
remained the biggest buyer of non-EU rice with 88,918 tons (accounting for
about 20% of EU's total imports from the non-EU nations during the September 1,
2014 - February 17, 2015 period). France imported 84,358 tons (19%),
Netherlands imported 63,138 tons (14%), Germany imported 36,188 tons (8%),
Poland imported 28,496 tons (6%), Belgium imported 23,876 tons (5%) and Italy
imported 21,022 tons (5%) during the said period.
The
EU milled Indica rice imports from non-EU nations increased slightly to around
238,155 tons during September 1, 2014 - February 17, 2015 from around 236,695
tons imported during the same period in 2013-14 crop year. Most of the milled
Indica rice was imported from the Asian Least Developed Countries (LDCs) such
as Cambodia and Myanmar under the Everything But Arms (EBA) agreement. The
EU imports of Japonica variety also increased slightly to around 41,741 tons
during the said period from around 41,104 tons imported last year.However, the
EU broken rice imports increased about 24% to around 187,250 tons in September
1, 2014 - February 17, 2015 from around 150,613 tons imported during the same
period in 2013-14.
Global
Rice Quotes
February 26th, 2015
Long grain white rice - high quality
Thailand 100% B grade 415-425
↔
Vietnam 5% broken 360-370 ↔
India 5% broken 390-400
↔
Pakistan 5% broken 335-345 ↔
Myanmar 5% broken 410-420 ↔
Cambodia 5% broken 425-435
↔
U.S. 4% broken 475-485
↓
Uruguay 5% broken NQ ↔
Argentina 5% broken NQ ↔
Long grain white rice - low quality
Thailand 25% broken 365-375 ↔
Vietnam 25% broken 335-345 ↔
Pakistan 25% broken 305-315 ↔
Cambodia 25% broken 410-420
↔
India 25% broken 355-365
↔
U.S. 15% broken 465-475
↓
Long grain parboiled rice
Thailand parboiled 100% stxd 405-415
↔
Pakistan parboiled 5% broken stxd 385-395
↔
India parboiled 5% broken stxd 385-395
↔
U.S. parboiled 4% broken 555-565
↔
Brazil parboiled 5% broken 570-580
↔
Uruguay parboiled 5% broken NQ
↔
Long grain fragrant rice
Thailand Hommali 92% 920-930
↔
Vietnam Jasmine 445-455
↔
India basmati 2% broken NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Mails 785-795
↔
Brokens
Thailand A1 Super 320-330
↔
Vietnam 100% broken 305-315
↔
Pakistan 100% broken stxd 275-285
↔
Cambodia A1 Super 345-355 ↔
India 100% broken stxd 280-290
↔
Egypt medium grain brokens NQ
↔
U.S. pet food 380-390 ↔
Brazil half grain NQ ↔
All prices USD per ton, FOB vessel, oryza.com
Indonesia President Begins Rice Distribution Operations
Feb 25, 2015
The Indonesian
President Joko Widodo has formally begun the operations for distributing Bulog
rice in the market in line with the government's decision to control price
hikes, according to local sources. The distribution operations were formally
launched at Bulog's Warehouse in North Jakarta.The government has planned to
distribute over 300,000 tons of rice across the country at about 7,400 per
kilogram (around $576 per ton).
The
Trade Minister was quoted as saying that the government would initially
distribute 1,600 tons of Bulog rice in Jakarta and its satellite towns of
Bogor, Depok, Tangerang and Bekasi (Jabodetabek).The President also
simultaneously launched the rice distribution operations under this year's Rice
for the Poor (Raskin) program at around 1,600 Rupiah per kilogram (around $125
per ton). The government will reportedly distribute 19,000 tons of rice through
the Raskin program by March this year. He noted that Bulog currently has
1.4 million tons of rice stocks and they would be sufficient until the arrival
of rice from the ongoing harvest in March and April. He added that stocks would
be sufficient despite a rise in demand.
Domestic
rice prices have been surging since September 2014. According to data from the
UN's Food and Agricultural Organization (FAO), local rice prices currently
stand at around 9.78 million Rupiah (around $761) per ton, up about 10% from
around 8.93 million Rupiah (around $750) per ton in September 2014, and up
about 9% from their year ago levels.The government has ruled out any immediate
imports of rice ahead of the harvest season in March.
New Port Contract Brings Relief to California Rice Sector
Feb 25, 2015
Problems
between dock workers and terminal operators in the U.S. West Coast ports seems
to be over with the signing of a new contract signed by the dockworkers' union
and the terminal operators at 29 West Coast ports, including the Port of
Oakland, in the beginning of this week, according to local sources.It is
certainly a good news to the California rice exporters who have been bearing
huge losses due to delay in shipments as well as cargos piled up on docks
during the month-long slowdown. California's rice sector lost about half the
regular volume of exports in December and January, according to the President
and CEO of the California Rice Commission. "The haemorrhaging has stopped
and now we can start to get healthy again," he was quoted as saying. He
added that actual losses cannot be calculated until the existing backlog of
shipments are settled.
Nearly 80% of
the rice grown in California is medium-grain rice and is exported through the
port of West Sacramento and Oakland port to the countries in the south
Pacific.California is the second largest rice producing state in the U.S. after
Arkansas, and contributes to around 2 million tons of paddy rice annually or
about 25% of the total rice grown in the U.S. The state's rice sector employs
about 25,000 people and most of rice grown here is exported.California rice
sector had been impacted by drought last year. The state's paddy rice acreage
in 2014 had declined to around 420,000 hectares, down about 25% from around
525,000 hectares planted in 2013 due to prolonged dry conditions and water
shortages.
Lao PDR Plans to Strengthen Sanitary Measures to Boost Rice Exports
Feb 25, 2015
The
government of Lao Peoples Democratic Republic (PDR) is planning to strengthen
sanitary and phyto-sanitary measures as part of efforts to boost rice exports,
according to a notice on the government web portal.Laos is almost
self-sufficient in rice production and consumes almost all of the output
domestically. The South East Asian nation exports about 300,000 tons of rice
annually to Vietnam, Thailand and China.
But
the government is keen on boosting rice exports by increasing production.
It is planning to increase the paddy rice production by about 70% y/y to
around 4.2 million tons (around 2.65 million tons, basis milled) in 2015.In
line with its targets, the government is stepping up efforts to increase
awareness about sanitary and phyto-sanitary issues among the rice producers and
millers. The Ministry of Agriculture hosted a knowledge dissemination meeting
last week to apprise the exporters and producers the demands of various trade
partners over the sanitary and phyto-sanitary measures.The Vice Minister of
Agricultural and Forestry told rice stakeholders that the government has signed
agricultural and crop production agreements with Thailand, Vietnam and China,
and according to the agreements, Laos needs to follow the conditions of food
safety and plant sanitary measures.
He also noted
that the government has signed a rice export contract with China, which
includes an agreement on phyto-sanitary measures. He said China wants the
government to follow the standards of the WTO with regard to protocols of
bio-safety and Sanitary and Phyto-Sanitary measures (SPS Protocol). He added
that the agreement specifically focuses on the phytosanitary and pest
management measures required, the methods of processing, packaging, transport
and other important measures. Earlier, the Vice-Minister noted that there is
huge demand for Laos’ sticky rice among the Chinese. USDA estimates Laos
to produce around 1.55 million tons of milled rice (around 2.46 million tons,
basis paddy) in MY 2014-15 (January 2015 - December 2015) and import around
10,000 tons of rice to meet consumption needs of around 1.58 million tons.
Oryza Afternoon Recap – Chicago Rough Rice Futures Recover from Early
Losses but off of Session Highs as Rallying Crude Weighs on Grain Prices
Feb 25, 2015
Chicago
rough rice futures for May delivery settled 6 cents per cwt (about $1 per ton)
higher at $10.770 per cwt (about $237 per ton). After falling overnight and
into the morning session rough rice futures made a big rally during mid-day
trading. However, the buying interest quickly subsided and prices drifted much
closer to the unchanged line during afternoon trading. Despite prices closing
off of the highs the fact that they did manage to hold out for a gain despite
bearishness in the other grains is seen as a positive sign for the market.
Traders will now focus on yesterday’s settlement price of $10.710 per cwt
(about $236 per ton) as a key signal of future trade direction.
A higher close tomorrow will complete an
outside up pattern and signal that the recent bearishness is indeed over and
that a recover is underway, likely triggering additional buying. On a move
higher traders will keep an eye on the recent high of $11.160 per cwt (about
$246 per ton) as a key point of resistance. The other grains finished lower but
off of session lows; soybeans closed about 0.8% lower at $10.1075 per bushel;
wheat finished about 1.3% lower at $4.9725 per bushel, and corn finished the
day about 0.5% lower at $3.8375 per bushel.U.S. stocks traded mostly higher on
Wednesday after closing at records on Tuesday, amid firming oil prices,
moderate housing data and no news out of Fed Chair Janet Yellen's second
congressional testimony.
Yellen's
remarks to the Senate on Tuesday were mostly dovish but added little weight on
either side to analyst expectations on the timing of an interest rate hike. The
Fed chair repeated the remarks on Wednesday in front of the House Financial
Services Committee. Stocks were little changed after morning housing data and
earnings. New U.S. single-family home sales in January fell a
less-than-expected 0.2% to 481,000 and supply rose to its highest level since
2010, hopeful signs for the sluggish housing market.
The
U.S. Energy Information Administration reported that weekly crude inventories
rose 8.4 million barrels, more than expected. The figures were in-line with
Tuesday's American Petroleum Institute report of 8.9 million barrels. The Dow
Jones Industrial Average traded up 14 points, or 0.08%, to 18,224. The S&P
500 traded up 0.56 points, or 0.03%, to 2,116, with consumer discretionary
leading four sectors higher and utilities the greatest laggard. The Nasdaq
gained 8 points, or 0.16%, to 4,976. Gold is trading about 0.4% higher, crude
oil is seen trading about 2% higher, and the U.S. dollar is seen trading about
0.2% lower at about 1:00pm Chicago time.Tuesday, there were 1,505
contracts traded, down from 1,053 contracts traded on Monday. Open interest –
the number of contracts outstanding – on Tuesday increased by 132 contracts to
9,180.
Myanmar Signs 100,000 Ton Rice Export Contract with China
Feb 26, 2015
The Myanmar
Rice Federation (MRF) has signed a contract with the China's state run China
National Cereals, Oils and Foodstuffs Corporation (COFCO) to export 100,000
tons of rice to China is separate monthly shipments in accordance with market
prices at the time of shipment, local sources quoted an official from the
(MRF) was quoted as saying. According to the Joint Secretary of the MRF, It has
been agreed to export rice in separate monthly shipments at the prevailing
prices at the time of shipment to ensure a fair trade for both parties. He also
noted that the Myanmar rice exporters do not have enough capacity to export all
100,000 tons of rice at one go. Officials from the MRF have been working to
sign this contract for last few months in order to legalize rice exports to
China.
Initially
nine companies were shortlisted to export rice to China but the number is
likely to go up as China sought increase in the number of exporters.According
to the agreement, rice exporters should get their rice inspected and accredited
with the China's General Administration of Quality Supervision, Inspection and
Quarantine (AQSIQ) and then seek approval from the China Certification and
Inspection Group before exporting rice to China.The MRF Joint Secretary noted
that they would begin exporting rice to China from April. He noted that the MRF
is taking all measures to meet the quality and variety standards in accordance
with China's specifications.
Currently
export prices of Myanmar 5% broken rice is quoted at around $415 per ton and
25% broken rice is quoted at around $325 per ton.Around 1.1 million tons of
rice have been exported in the first nine months of 2014-15, of which 800,000
tons comprise of exports to China through the borders. The Myanmar government
is targeting to export around 2.5 million tons of rice in FY 2015-16 (April -
March), up about 67% from an estimated 1.5 million tons in FY 2014-15.USDA
estimates Myanmar to produce 18.98 million tons of paddy rice (around 12.15
million tons, milled basis) and export around 1.4 million tons of rice in MY
2014-15 (January - December 2015).
Oryza U.S. Rough Rice Recap – Unchanged Market as Snowy Weather Hampers
Movement of Rice
Feb 25, 2015
The
U.S. cash market was unchanged today with little trading to report as most
buyer and seller price ideas are roughly $0.50-$1.00 per cwt (about $11-$22 per
ton).Icy and snowy weather continues to hamper movement of rice in the U.S.
mid-South causing a headache for some farmers, mills, and exporters however
forecasts are expected to improve by the weekend.Analysts note that farmers are
beginning to make preparations for next year’s crop however some believe that
rice is losing favor with farmers as the softer prices currently seen are at or
below their cost of production
Oryza Overnight Recap – Chicago Rough Rice Futures Sharply Lower Overnight
as Other Grains Turn Bearish
Feb 25, 2015
Chicago
rough rice futures for May delivery are currently listed 14 cents per cwt
(about $3 per ton) lower at $10.570 per cwt (about $233 per ton) ahead of floor
trading in Chicago. The other grains are seen trading lower this morning:
soybeans are currently seen about 0.4% lower, wheat is listed about 0.5% lower
and corn is currently noted about 0.3% lower.U.S. stock index futures signaled
a flat open on Wednesday as investors digested comments from Federal Reserve
Chair Janet Yellen's speech to Congress which hinted that the central bank was
not in a rush to hike interest rates.
Yellen
is set to continue her testimony on Wednesday in front of the House Financial
Services Committee, as new home sales figures for January are due, both at
10.00 a.m. ET. Mortgage applications to purchase a home rose 5% on a seasonally
adjusted basis for the week ending Feb. 20 from the previous week, according to
the Mortgage Bankers Association (MBA). Existing home sales for January
reported on Monday slumped to the lowest level in nine months amid a shortage
of properties in the market. Investors will also watch oil inventories at 10:30
a.m. ET from the U.S. Energy Information Administration for signals on supply
build-up. Gold is currently trading about 0.7% higher, crude oil is seen
trading about 0.3% higher, and the U.S. dollar is currently trading about
0.2% lower at 8:00am Chicago time.
Asia Rice Quotes Unchanged Today
Feb 25, 2015
Asia rice sellers
kept their quotes unchanged today.
5% Broken Rice
Thailand 5% rice is
quoted at around $405 - $415 per ton, about $50 per ton premium on Vietnam 5%
rice shown at around $355 - $365 per ton. India 5% rice is quoted at
around $390 - $400 per ton, about $55 per ton premium on Pakistan 5% rice
quoted at around $335 - $345 per ton.
25% Broken Rice
Thailand 25% rice is
quoted at around $365 - $375 per ton, about $40 per ton premium on Vietnam 25%
rice shown at around $325- $335 per ton. India 25% rice is quoted at
around $355 - $365, about $50 per ton premium on Pakistan 25% rice quoted at
around $305 - $315 per ton.
Parboiled Rice
Thailand parboiled
rice is quoted at around $405 - $415 per ton. India parboiled rice is
quoted at around $385 - $395 per ton, on par with Pakistan parboiled rice
quoted at around $385 - $395 per ton.
100% Broken Rice
Thailand broken
rice, A1 Super, is quoted at around $320 - $330 per ton, about $15 per ton
premium on Vietnam 100% broken rice shown at around $305 - $315 per
ton. India's 100% broken rice is shown at around $280 - $290 per
ton, about $5 per ton premium on Pakistan broken sortexed rice quoted at
around $275 - $285 per ton.
Download/View
On-Line the above News in pdf format,just click the following link
No comments:
Post a Comment