Global Rice Quotes
April 28th, 2015
Long grain white rice - high quality
Thailand 100% B grade 395-405
↔
Vietnam 5% broken 355-365 ↔
India 5% broken 365-375
↓
Pakistan 5% broken 375-385
↔
Myanmar 5% broken 410-420 ↔
Cambodia 5% broken 430-440 ↔
U.S. 4% broken 480-490
↔
Uruguay 5% broken 565-575 ↔
Argentina 5% broken 555-565 ↔
Long grain white rice - low quality
Thailand 25% broken 355-365 ↔
Vietnam 25% broken 330-340 ↔
Pakistan 25% broken 330-340 ↔
Cambodia 25% broken 410-420
↔
India 25% broken 335-345
↓
U.S. 15% broken 470-480
↔
Long grain parboiled rice
Thailand parboiled 100% stxd 380-390
↔
Pakistan parboiled 5% broken stxd 385-395
↔
India parboiled 5% broken stxd 360-370
↓
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% 895-905
↔
Vietnam Jasmine 485-495
↔
India basmati 2% broken NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Mails 810-820 ↔
Brokens
Thailand A1 Super 320-330
↔
Vietnam 100% broken 310-320
↔
Pakistan 100% broken stxd 285-295
↔
Cambodia A1 Super 345-355 ↔
India 100% broken stxd 270-280
↓
Egypt medium grain brokens NQ
↔
U.S. pet food 370-380 ↔
Brazil half grain NQ
↔
All prices US D per ton, FOB vessel, oryza.com
India
Rice Sellers Lower Some of Their Quotes Today; Other Asian Rice Quotes
Unchanged
Apr 28, 2015
India rice sellers lowered their
quotes for 5% broken rice, 100% broken rice and parboiled rice by about $5 per
ton each to around $365 - $375 per ton, around $335 - $345 per ton, and around
$360 - $370 per ton respectively today; and 25% broken rice by about $10 per
ton to around $270 - $280 per ton. Vietnam rice sellers are out today on
account of a public holiday. Other Asian rice sellers kept their quotes
unchanged from yesterday.
5% Broken Rice
Thailand 5% rice is indicated at
around $380 - $390 per ton. India 5% rice is indicated at around $365 - $375
per ton, a $10 per ton discount to Pakistan 5% rice shown at around $375 - $385
per ton.
25% Broken Rice
Thailand 25% rice is shown at
around $355 - $365 per ton. India 25% rice is indicated at around $335 -
$345, about a $5 per ton premium on Pakistan 25% rice shown at around $330 -
$340 per ton.
Parboiled Rice
Thailand parboiled rice is
indicated at around $380 - $390 per ton. India parboiled rice is indicated at
around $360 - $370 per ton, about a $25 per ton discount to Pakistan parboiled
rice shown at around $385 - $395 per ton.
100% Broken Rice
Thailand broken rice, A1 Super,
is indicated at around $320 - $330 per ton. India's 100% broken rice is shown
at around $270 - $280 per ton, about a $15 per ton discount to Pakistan broken
sortexed rice shown at around $285 - $295 per ton.
Oryza
Overnight Recap – Chicago Rough Rice Futures Show Early Strength as Market
Tries to Build Near-Term Bottom
Apr 28, 2015
Chicago rough rice futures for
Jul delivery are currently seen 14.5 cent per cwt (about $3 per ton) higher at
$10.270 per cwt (about $226 per ton) during early floor trading in Chicago. The
other grains are seen trading with mixed results: soybeans are currently seen
about 0.7% higher, wheat is listed about 0.4% lower and corn is currently noted
0.1% lower.
U.S. stocks traded mostly higher
on Tuesday, as investors eyed strong Apple earnings and the beginning of the
Federal Reserve's two-day meeting. The Dow Jones industrial average held gains
while the S&P 500 and Nasdaq fluctuated around the flatline. The Fed
meeting gets underway Tuesday, with the conclusion and post-meeting statement
due Wednesday. A wave of disappointing domestic data since the previous FOMC
meeting has spurred economists to downgrade their outlooks for the U.S. economy
in 2015.
Investors will be eyeing any
comments from the Fed for hints as to when it might hike interest rates. To be
sure, with no press conference on Wednesday, analysts do not expect major news
out of the U.S. central bank this week. The euro strengthened to above $1.09,
with hopes of progress on the Greece debt talks, Boockvar said. However, the
stronger currency put pressure on European stocks. The Dow Jones Industrial
Average opened up 32 points, or 0.18%, at 18,072.87. The S&P 500 opened up
2.9 points, or 0.05%, at 5,062. The Nasdaq opened up 3 points, or 0.06%. Gold
is currently trading about 0.1% lower, crude oil is seen trading about 0.2%
higher, and the U.S. dollar is currently trading about 0.3% lower at
9:30am Chicago time.
Bhutan
Plans to Adopt High Yielding, Short Duration Rice Varieties to Boost Production
Apr 28, 2015
Bhutan Agriculture Ministry is
planning to provide farmers with newer varieties of rice in order to boost rice
production in the country, according to local sources.The Research Development
Center (RDC) Bajo has found that two crops can be grown in the rice producing
regions of the south and mid-altitude regions. Therefore short-duration rice
varieties are understood to be more useful for rice grower in these regions.
The RDC Bhur has tested 12 varieties of rice last year for their adaptability,
maturity, yield potential and resistance to pests and diseases. However it
found only one variety that has a short maturity period and two other varieties
which have a potential to be harvested in a short period.
The Ministry of Agriculture is
planning to test some more varieties and is keen on releasing at least three to
four varieties of high-yielding and short-duration rice within the next few
years.
Bhutan's rice sector has been
facing several challenges such as lack of irrigation facilities and potential
wet land to carry out developmental activities and consequently cannot produce
adequate quantity of rice needed to meet the consumption demand. According to
study carried out by the RDC Bajo, Bhutan currently produces about 78,000 tons
of rice but needs to import about 21,000 tons annually.
The Department of Agriculture
(DoA) under the Ministry of Agriculture and Forests (MoAF) targets to produce
about 90,000 tons of rice by the end of eleventh five year plan (2013 - 2017).
It is encouraging farmers to adopt Kambja, an upland rice cultivation system,
as a means to increase production. The Ministry is also planning to bring more
wetland under rice cultivation by improving irrigation facilities.
Government
of India Promotes Climate Smart Rice Varieties to Boost Production and Farmers
Income
Apr 28, 2015
The government of India is
encouraging farmers to adopt climate-smart rice varieties to boost production
in drought and flood prone states, according to local sources.The Agriculture
Minister has urged the farmers in fifteen states to grow flood-tolerant rice
varieties and drought-tolerant rice varieties such as Swarna-Sub1. Speaking at
an event last week, the Minister noted that these varieties could bring a
second green revolution in Eastern India, which are more prone to climate
vagaries. He added that the government is keen on changing the face of farm
sector in India and improve lives of farmers.
The government has introduced
projects such as the National Food Security Mission (NFSM) and Bringing the
Green Revolution in Eastern India (BGREI) to boost rice production in India.The
government of the Eastern state Bihar has planted climate-smart rice varieties
in around 4,500 hectares of land over the last three years under the NFSM
project. It has also invested in large-scale seed production of flood-and
drought-resistant rice varieties and had distributed a large quantity of
Swarna-Sub1 and Sahbhagi dhan seeds last year. It is expecting the seeds to
produce more than 3,000 tons of climate-smart rice seeds this year.An
agronomist at the International Rice Research Institute (IRRI) added that these
climate -smart varieties will also help increase farmers' incomes also as they
can grow rice in previously unproductive areas.
The government of India, in its
second advance estimates for major crops, has estimated India's rice production
for 2014-15 marketing year (October 2014 - September 2015) at around 103.04
million tons, down about 3% from an estimated 106.65 million tons in 2013-14,
according to a statement from the Agriculture Ministry. It estimates around
88.02 million tons from kharif rice crop and around 15.02 million tons from
rabi rice crop.
Oryza
U.S. Rough Rice Recap – Prices Hold Steady Ahead of IGB Tender Results
Apr 28, 2015
The U.S. cash market was seen
mostly steady today with little trading ahead of the results of the latest
Iraqi Grain Board (IGB) tender.The IGB received offers of on April 26th
totaling 625,000 MT of white rice from seven different origins.Analysts note
that South American prices were higher than the offers from the U.S. however
Asian prices were considerably cheaper relative to the U.S.
Chinese
Agricultural Firm to Provide Support to the Gambia Rice Sector
Apr 28, 2015
A private Chinese agricultural
investment company has shown interest to invest in The Gambia's agriculture
sector, according to local sources.
To start with, the company will
develop 1,000 hectares of rice land and will sign a memorandum of understanding
(MoU) with the government of The Gambia to that extent. It is keen on starting
the development activity by May this year.The firm will provide technological
support to enhance yields and post-harvesting methods as well as develop value
chain for rice and other value-added crops such as maize, fox tail millet and
vegetables.
The Chinese firm's involvement in
the country's rice sector is understood to support the President's Vision 2016
initiative. The Gambia, which currently imports over 70% of its annual rice
consumption needs, is striving to achieve self-sufficiency in rice production
in the next few years and cut down imports.USDA estimates The Gambia to produce
around 10,000 tons of rice, basis milled, and import around 140,000 tons in MY
2014-15 (October - September) to meet consumption needs of around 170,000 tons.
India
Exports Increase 8% y/y to 11.65 Million Tons in FY 2014-15, Says AIREA
Apr 28, 2015
India exported around 11.65
million tons of rice (including basmati and non-basmati) in the FY 2014-15
(April - March), up about 8% from around 10.78 million tons exported during the
same period in FY 2013-14, Bloomberg quoted All India Rice Exporters
Association (AIREA).India's basmati rice exports have increased slightly to
around 3.78 million tons in FY 2014-15 from around 3.76 million tons exported
during the same period in FY 2013-14. India's basmati rice exports were
primarily impacted due to Iran's ban on rice imports since November 2014. India
exported around 900,000 tons of rice to Iran in FY 2014-15, down about 36% from
around 1.4 million tons exported last year, according to the AIREA. Saudi
Arabia, UAE, Iraq, Kuwait remained the other top importers of Indian basmati
rice.India’s non-basmati rice exports increased to around 7.87 million tons, up
about 12% from around 7 million tons recorded in the same period in FY 2013-14.
African countries were the top importers of India's non-basmati rice.
Oryza
Afternoon Recap – Chicago Rough Rice Futures Rebound as Firmer Grains add
Support to Oversold Market
Apr 28, 2015
Chicago rough rice futures for
Jul delivery settled 11 cents per cwt (about $2 per ton) higher at $10.235 per
cwt (about $226 per ton). The other grains finished the day with gains; Soybeans
closed about 0.4% higher at $9.7725 per bushel; wheat finished about 0.6%
higher at $4.7625 per bushel, and corn finished the day about 0.1% higher at
$3.6100 per bushel.U.S. stocks traded higher on Tuesday, recovering morning
losses amid international news as investors eyed Apple earnings and the
beginning of the Federal Reserve's two-day meeting. The Federal Market Open
Committee began on Tuesday and will conclude with the release of a post-meeting
statement expected at 2 p.m. on Wednesday.
A wave of mostly disappointing
domestic data since the previous FOMC meeting has spurred economists to
downgrade their outlooks for the U.S. economy in 2015, particularly for the
first quarter. Signs of economic improvement in the subsequent quarters could still
support a rate hike this year. Tuesday's afternoon gains were muted as
investors remained on edge ahead of Wednesday's expected statement. The Dow
Jones industrial average held about 60 points higher after briefly falling more
than 100 points as the Iran headlines came out. The other major indices traded
mildly higher. The euro strengthened to above $1.09, with hopes of progress on
the Greece debt talks, Boockvar said.
However, the stronger currency
put pressure on European stocks, which closed lower. Greek Prime Minister,
Alexis Tsipras, said on Monday that he may resort to a referendum if lenders
insist on demands that the government deems unacceptable, Reuters reported. But
he added that he was confident of striking a deal to avoid such a scenario. The
Dow Jones Industrial Average traded up 62 points, or 0.34%, to 18,100. The
S&P 500 traded up 5 points, or 0.24%, at 2,114, with telecommunications
leading nine sectors higher and consumer discretionary the only laggard. The
Nasdaq traded up 5 points, or 0.10%, at 5,065. Gold is trading about 0.9%
higher, crude oil is seen trading about 0.4% lower, and the U.S. dollar is seen
trading about 0.7% lower at about 1:00pm Chicago time.Monday, there were
2,312 contracts traded, up from 1,615 contracts traded on Friday. Open interest
– the number of contracts outstanding – on Monday increased by 252 contracts to
11,529.
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