Government of Vietnam Allots Additional $22 Billion in State Budget for
Rice Land Development
May 14, 2015
The
government of Vietnam has allotted an additional 481 billion VND (around $22
billion) in the state budget towards rice land development and protection,
according to local sources.The funds have been allotted in order to protect
rice lands from urbanization, industrialization and infrastructure
construction. The government had also issued a decree on managing and using
rice fields efficiently.
The
newly allotted funds will be used to develop and protect rice fields in nine
main rice producing localities of the country - Bac Ninh province in the North,
Da Nang city, Thanh Hoa and Quang Ngai provinces in the Central region, and Tay
Ninh, Vinh Long, Dong Thap, Hau Giang and Kien Giang in the South.
According to data
from the Ministry of Agriculture and Rural Development (MARD), Vietnam's milled
rice production increased about 3% y/y in 2014 to about 28 million tons.Vietnam
exported about 1.555 million tons of rice in first four months of calendar year
2015, down about 11% from about 1.758 million tons of rice exported during same
time last year, according to data from the Vietnam Food Association (VFA).
Bangladesh Rice Import Duty May Prop Up Cross-Border Trade with India, Say
Analysts
May 14, 2015
Recently, Bangladesh
has been importing too much of rice from India despite a decent production in
the country due to relatively low prices in India. Private traders in the
country imported about 1.36 million tons of rice as of May 12, 2015 in the FY
2014-15 (July - June), about 3.6 times higher than 374,560 tons imported during
the whole of FY 2013-14, according to the Food Ministry. Absence of import
duties on rice has been slated as one of the main reasons for unusual increase
in imports.
The
situation had turned unfavorable to Bangladesh farmers and millers with huge
volumes of stocks left unsold. With the 2015 Boro harvesting around the corner,
the government was advised to impose duties on rice imports with immediate
effect to protect the local rice sector. The government imposed a 10% duty on
rice imports with effect from this May 12, 2015.However, the move has sent
jitters among the Indian rice farmers especially in the states of Bihar,
Jharkhand, Chhattisgarh, West Bengal, Odisha and Andhra Pradesh, which mainly
export non-aromatic parboiled rice to Bangladesh, local sources quoted
some analysts as saying. They noted that the move had led to a 20% drop in rice
prices in India.
One
of the grain market analysts predicted that the move may encourage cross-border
trade between the two nations through India's north-eastern states. He noted
that in order to compensate for the loss from the Bangladesh market, Indian
rice exporters should focus on increasing export volume to African nations such
as Nigeria, South Africa, Senegal and Ivory Coast, where there is huge demand
for 100% broken rice and parboiled rice.
Asia Rice Quotes Unchanged Today
May 14, 2015
Asia rice sellers
kept their quotes mostly unchanged today.
5% Broken Rice
Thailand 5% rice is
indicated at around $370 - $380 per ton, about a $20 per ton premium on Vietnam
5% rice shown at around $350 - $360 per ton. India 5% rice is indicated at
around $370 - $380 per ton, about a $20 per ton discount to Pakistan 5% rice
shown at around $390 - $400 per ton.
25% Broken Rice
Thailand 25% rice is
shown at around $350 - $360 per ton, about a $20 per ton premium on Vietnam 25%
rice shown at around $330- $340 per ton. India 25% rice is indicated at around
$345 - $355, on par with Pakistan 25% rice shown at around $345 - $355 per ton.
Parboiled Rice
Thailand parboiled
rice is indicated at around $370 - $380 per ton. India parboiled rice is
indicated at around $360 - $370 per ton, about a $30 per ton discount to
Pakistan parboiled rice shown at around $390 - $400 per ton.
100% Broken Rice
Thailand broken
rice, A1 Super, is indicated at around $315 - $325 per ton, about a $10 per ton
premium on Vietnam 100% broken rice shown at around $305 - $315 per ton.
India's 100% broken rice is shown at around $270 - $280 per ton, about a
$20 per ton discount to Pakistan broken sortexed rice shown at around
$290 - $300 per ton.
Global Rice
Quotes
May 14th, 2015
Long grain white rice
- high quality
Thailand 100% B grade 380-390
↔
Vietnam 5% broken 350-360
↔
India 5% broken 370-380
↔
Pakistan 5% broken 390-400
↔
Myanmar 5% broken 415-425
↔
Cambodia 5% broken 430-440
↔
U.S. 4% broken 470-480
↓
Uruguay 5% broken 565-575
↔
Argentina 5% broken 555-565
↔
Long grain white rice
- low quality
Thailand 25% broken 350-360
↔
Vietnam 25% broken 330-340
↔
Pakistan 25% broken 345-355
↔
Cambodia 25% broken 410-420
↔
India 25% broken 345-355
↔
U.S. 15% broken 460-470
↓
Long grain parboiled
rice
Thailand parboiled 100% stxd 370-380 ↔
Pakistan parboiled 5% broken stxd 390-400 ↔
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% 875-885
↔
Vietnam Jasmine 490-500
↔
India basmati 2% broken NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Mails 815-825
↔
Brokens
Thailand A1 Super 315-325
↔
Vietnam 100% broken 305-315
↔
Pakistan 100% broken stxd 290-300
↔
Cambodia A1 Super 350-360
↔
India 100% broken stxd 270-280
↔
Egypt medium grain brokens NQ
↔
U.S. pet food 365-375
↓
Brazil half grain NQ ↔
All prices USD per ton, FOB vessel, oryza.com
China May Allow Market Access to Indian Non-Basmati Rice Soon, Say
Exporters
May 14, 2015
Indian
Rice Exporters have expressed confidence that China may grant market access to
Indian non-basmati rice shipments shortly during the Indian Prime Minister's
visit to Beijing this week, according to local sources.The Chinese authorities
have been blocking non-basmati shipments from India as adequate quality
protocols and phyto-sanitary norms have not be defined between the two
countries.
Indian
exporters say China currently imports rice from Pakistan, Vietnam and Thailand.
They noted that India has a potential to export up to one million tons of
non-basmati rice to China. One of the top exporters added that India can in
fact offer better quality, price and a wider variety to the Chinese customers.A
Commerce Ministry official told local sources that the Ministry had suggested
to the Chinese authorities to adopt the same protocol that exists for basmati
rice shipments for the non-basmati shipments also. The Ministry officials have
reportedly sent the requisite documents for establishing the quality protocol
to China's General Administration of Quality Supervision, Inspection and
Quarantine (AQSIQ). “The AQSIQ required certain documents to extend the
protocol existing for basmati rice to non-basmati, and we have already sent
them,” the official was quoted as saying.
According
to local sources, though China has agreed to import Indian basmati rice in
2012, so far not much progress is seen in the volume of direct shipments to
China due to lingering concerns about Indian basmati rice being infested with
'khapra beetle'. However, some basmati shipments are understood to be routed
through Hong Kong. The Chinese authorities are still in the process of
registering the Indian mills.
Increasing
rice exports to China has been on the agenda of the government as part of
efforts to contain increasing trade deficit with the neighboring country. In
January this year, an official from the Commerce Ministry noted that India's
trade deficit with China currently stands at around $32 billion and is expected
to cross $40 billion by the end of this fiscal year.
Oryza Global Weather Outlook
May 14, 2015
Rain is expected
across the Southern Yangtze Valley and South China this week.
Rain showers are
expected across Southern India
this week.
Rain is expected to
continue in Bangladesh this
week also.
In Indonesia, rain is expected across Sumatra, Malay Peninsula,
Kalimantan, East Malaysia, and Sulawesi this week, which will slow main crop
rice harvesting there.
A few showers are
expected in Northern Pakistan
this week.
Rain showers are
expected across North-eastern and Southern Thailand this week.
A few showers are
expected in Northern and far Southern Vietnam this week.
In the Philippines, a few showers are expected to favor Western Luzon and
South-eastern areas this week.
Light rain is
expected in Western portions of the Center-South Brazil with a few showers also expected in North-western and
South-eastern portions of the Northeast Brazil this week.
A few light showers
are expected in Northern Argentina this week.
In the U.S., abundant rain is expected cross the Delta and Coastal
Bend this week.
USDA Post Estimates China Rice Imports to
Remain Stable at 4.3 Million Tons in MY 2015-16
May 14, 2015
USDA
Post has estimated MY 2015-16 (July - June) rice imports at around 4.3 million
tons, unchanged from MY 2013-14, due to a slight increase in production. The
Post reports that Chinese preference for imported rice is increasing due to
reports in response to reports of heavy metals and high pesticideresidues in
some locally produced rice. The government is understood to closely monitor and
regulate rice imports as part of its food security strategy.The Post estimates
China's MY 2015-16 milled rice production at around 146.3 million tons, up
about 1% from an estimated 144.5 million tons due to government's continued
support to the rice sector as part of its food security strategy. The Post
estimates China's MY 2015-16 paddy rice acreage to remain unchanged from last
year's 30.3 million hectares.
The
Post estimates China's MY 2015-16 rice exports to decline to around 350,000
tons, down about 12.5% from an estimated 400,000 tons in the previous year.USDA
Post estimates rice ending stocks to decline to around 46.35 million tons in MY
2015- 16 down about 1.6% from an estimated 47.1 million tons last year due to
an estimated increase in consumption by about 2% to around 151 million tons.
The
Post reports that the government continued to purchase japonica and indica rice
at a specified floor price in major rice producing provinces in MY 2014-15 to
encourage production. The government will auction the rice thus purchased later
in the marketing year.
Thailand Rice Exports Increase for Second Consecutive Month in March 2015
May 14, 2015
Thai
rice exports have increased for the second consecutive month in March 2015
after declining by more than half in January 2015, according to data from Thai
Rice Exporters Association (TREA). Thailand has exported around 785,891 tons of
rice in March 2015, up about 7% from around 732,151 tons exported in February
2015, and down about 2% from around 799,534 tons exported in March 2014,
according to TREA.
In
value terms, Thailand’s rice exports earned about $384.9 million from total
rice exports in March 2015, up about 4% from around $369.58 million earned in
February 2015, and down about 4% from around $402.54 million earned in March
2014.
In March
2015, white rice exports accounted for around 392,760 tons (about 50% of total
March 2015 exports), Hom Mali rice exports accounted for about 120,211 tons
(about 15% of total March exports), brokens accounted for 98,754 tons (about
12.5% of total March 2015 exports), glutinous variety accounted for 12,659 tons
(about 1.6% of total March 2015 exports), parboiled rice accounted for about
157,057 tons (about 20% of total March 2015 exports) and husked/brown rice
accounted for about 4,450 tons (about 0.5% of total March 2015 exports).
Average
export prices of all varieties of rice except glutinous rice have declined
during the month. Average export prices of white rice witnessed the highest
decline of about 7% month-on-month in March 2015, while average export prices
of glutinous rice increased by about 1% month-on-month during the
month.Thailand exported around 2.128 million tons of rice in the first three
months of 2015, slightly down from around 2.205 million tons exported during
the same period last year. Thai government is keen on exporting over 10 million
tons of rice this year.
Oryza Overnight Recap – Chicago Rough Rice Futures Retrace Overnight as
Market Lacks Follow-through Buying Interest after Yesterday’s Afternoon
Recovery
May 14, 2015
Chicago
rough rice futures for Jul delivery are currently seen paused 6.5 cent per cwt
(about $1 per ton) lower at $9.380 per cwt (about $207 per ton) ahead of floor
trading in Chicago. The other grains are seen trading mixed overnight; soybeans
are currently seen about 0.1% lower, wheat is listed about 1.9% higher and corn
is currently noted 1.1% higher.U.S. stock index futures indicated a higher open
on Thursday, with investors eyeing weekly jobless claims data for direction,
after retail figures for April fell flat. The Dow futures continued to hold
gains of more than 100 points amid some steadying in bond yields and further
weakening in the dollar with the euro at $1.14 for the first time since
February. Weekly jobless claims came in at 264,000, a touch below last week's
reading and below expectations for a slight increase. The initial filings for
unemployment benefits per week remain near 15-year lows.
The
producer price index for April fell 0.4%, with the core figure down 0.2%. The
report was expected to show a slight uptick. The monthly measure of input costs
is a secondary factor in determining the rate of change in prices, after the
consumer price index. The Federal Reserve will eye both the employment
situation and inflation for signs the economy is ready for an interest rate
hike. Consensus is for a rate hike in September or later in the year, but
central bank policymakers have not ruled out a June liftoff. In Europe,
European equities traded lower Thursday amid growing concerns for the health of
the U.S. economy. Gold is currently trading about 0.1% higher, crude oil is
seen trading about 0.1% lower, and the U.S. dollar is currently trading
about 0.4% lower at 8:15am Chicago time.
Conab Estimates Brazil 2014-15 Paddy Rice
Production at 12.399 Million Tons, Up 2% from Last Year
May 14, 2015
Brazil’s
National Grains Supply Company (Conab) has forecasted the country's 2014-15
paddy rice production at around 12.399 million tons (around 8.43 million tons,
basis milled), up about 2% from around 12.121 million tons (around 8.24 million
tons, basis milled) in 2013-14, and slightly up from its March forecast of
around 12.397 million tons.Conab has estimated Brazil's 2014-15 paddy rice
acreage at around 2.331 million hectares, down about 1.7% from around 2.373
million hectares in 2013-14. Paddy rice acreage in the key rice growing Centro-Sul
(Center-South) region is projected at 1.553 million hectares in 2014-15,
slightly down from around 1.565 million hectares in 2013-14. Rice acreage in
the North/Northeast regions is estimated at around 777,600 hectares, down 4%
from around 808,400 hectares in 2013-14.
Average
rice yield in Brazil in 2014-15 is projected at around 5.320 tons per hectare,
up about 4% from around 5.108 tons per hectare recorded in the previous
year.USDA estimates Brazil MY 2014-15 (April – March) paddy rice production at
around 12.206 million tons (around 8.3 million tons, basis milled), unchanged
from MY 2013-14. It estimates Brazil’s 2014-15 paddy rice acreage also to
remain at last year's level of around 2.4 million hectares. USDA
estimates Brazil to export around one million tons of rice and import around
790,000 tons of rice in 2015.
Oryza Afternoon Recap - Chicago Rough Rice Futures Rally as Dollar Weakness
and Outside Support Boost Price off of Near-term Low
May 14, 2015
rice
futures for Jul delivery settled 14.5 cents per cwt (about $3 per ton) higher
at $9.635 per cwt (about $212 per ton). The other grains finished the day with
mixed results; Soybeans closed slightly higher at $9.5700 per bushel; wheat
finished about 6.8% higher at $5.1425 per bushel, and corn finished the day
about 1.4% higher at $3.6100 per bushel.U.S. stocks traded more than 1% higher
on Thursday, bouncing from the prior day's muted trade, as investors watched
the dollar and calmer bond markets, amid mixed economic data.
The
U.S. dollar recovered slightly but held near recent lows, while the euro
briefly topped $1.14 for the first time since February. The U.S. 10-year
Treasury yield fell to 2.24%.Traders also noted some short covering ahead of
options expiration on Friday. Weekly jobless claims came in at 264,000, a touch
below last week's reading and below expectations for a slight increase. The
initial filings for unemployment benefits per week remain near 15-year lows.
The producer price index for April fell 0.4%, with the core figure down 0.2%,
missing expectations for a slight gain. The monthly measure of input costs is a
secondary factor in determining the rate of change in prices, after the
consumer price index.
The
Federal Reserve will eye both the employment situation and inflation for signs
the economy is ready for an interest rate hike. Consensus is for a rate hike in
September or later in the year, but central bank policymakers have not ruled
out a June liftoff. The Dow Jones Industrial Average traded up 182 points, or
1.01%, at 18,242. The S&P 500 traded up 20 points, or 0.98%, at 2,118, with
information technology leading all ten sectors higher. The Nasdaq traded up 62
points, or 1.24%, at 5,043. Gold is trading about 0.4% higher, crude oil is
seen trading about 1.5% lower, and the U.S. dollar is seen trading about 0.1%
lower at about 1:00pm Chicago time.Wednesday, there were 505 contracts
traded, down from 835 contracts traded on Tuesday. Open interest – the number
of contracts outstanding – on Wednesday increased by 66 contracts to 11,263.
Download/View On-Line the above News
in pdf format,just click the following link
No comments:
Post a Comment