Asian Rice Quotes Unchanged Today
Apr 30, 2015
Asian rice sellers kept their
quotes unchanged from yesterday. Vietnam rice sellers are out today on account
of a public holiday.
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 $340 - $350,
about a $10 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 Afternoon Recap - Chicago Rough Rice
Futures Pressured Lower by Softer Grain Prices
Apr 30, 2015
Chicago rough rice futures for
Jul delivery settled 13.5 cents per cwt (about $3 per ton) lower at $10.295 per
cwt (about $227 per ton). The other grains finished the day lower; Soybeans
closed about 1.2% lower at $9.7600 per bushel; wheat finished about 2% lower at
$4.7400 per bushel, and corn finished the day about 0.3% lower at $3.6250 per
bushel.U.S. stocks traded lower on Thursday on the last day of trade for the
month as investors weighed some weakness in the dollar and higher Treasury
yields.
The Nasdaq lagged behind the
major indices, weighed by tech and biotechs. The Dow Jones industrial average
traded about 100 points lower after the index briefly fell more than 140 points
in morning trade. Earlier, stocks briefly halved losses as investors found some
relief from news of progress towards a deal on Greece. An International
Monetary Fund spokesman said the fund does not expect the country to exit the
euro zone. Meanwhile, Greece's government signaled the biggest concessions so
far as crunch talks with lenders on a cash-for-reforms package started in
earnest, while trying to assure leftist supporters it had not abandoned its
anti-austerity principles.
The Athens stock exchange closed
up 3%, with most European equities ending mildly higher. Investors also
attempted to interpret Wednesday's Fed statement which removed all calendar
references on the timing of a rate hike. Officials have indicated a desire to
raise rates at some point this year, with the market now anticipating an
increase possibly in September. Weekly jobless claims came in at 262,000, a
15-year low. U.S. personal income was flat in March, and consumer spending up
just 0.3% when adjusted for inflation. The Dow Jones Industrial Average traded
down 111 points, or 0.63%, at 17,921.
The S&P 500 traded down 15
points, or 0.70%, at 2,092, with utilities leading all 10 sectors lower. The
Nasdaq traded down 59 points, or 1.17%, at 4,964. Gold is trading about 2.5%
lower, crude oil is seen trading about 1.4% higher, and the U.S. dollar is seen
trading about 0.2% lower at about 1:00pm Chicago time.Wednesday, there
were 3,037 contracts traded, up from 1,649 contracts traded on Tuesday. Open
interest – the number of contracts outstanding – on Wednesday increased by 50
contracts to 11,378.
Global Rice
Quotes
May 1st, 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 340-350
↔
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 275-285
↑
Egypt medium grain brokens NQ
↔
U.S. pet food 370-380 ↔
Brazil half grain NQ
↔
All prices USD per ton, FOB vessel, oryza.com
Nepal
Rice Planting May Suffer After Recent Earthquake
Apr 30, 2015
Nepal typically starts the
planting of its rice crop in May and June, but the 7.8 Mw earthquake means that
rice planting may be impacted. Rice is grown in low-laying areas away from the
most severe earthquake damage but could face delays as the nation recovers from
the earthquake.Nepal typically produces about 3 million tons of rice a year and
imports around an additional 350,000 tons, according to the USDA. FAO
reports that the “UN and partners have launched a $415 million emergency appeal
for Nepal to address the most urgent [food] needs.”Behind rice, wheat is the
nation’s second largest staple grain and the wheat harvest - typically lasting
from March to June – may be interrupted
Oryza Overnight Recap – Chicago Rough Rice
Futures Trade Lower Ahead of Open; Strong Weekly Export Results May Support
Prices
Apr 30, 2015
Chicago rough rice futures for
Jul delivery are currently seen 2.5 cents per cwt (about $1 per ton) lower at
$10.405 per cwt (about $229 per ton) ahead of floor trading in Chicago. The
other grains are seen trading higher: soybeans are currently seen about 0.5%
higher, wheat is listed about 0.8% higher and corn is currently noted 0.4%
higher.U.S. stock index futures indicated a lower open on Thursday as markets
digest major moves in the dollar and U.S. Treasurys, after the Federal Reserve
reaffirmed its data-dependent stance. The U.S dollar weakened further on
Thursday, after the euro spiked above $1.12 for the first time in two months on
Wednesday. Meanwhile U.S. Treasury yields continue to trade higher, with the
benchmark 10-year bond yielding 2.046% on Thursday.
Weekly jobless claims came in at
262,000. U.S. personal income was flat in March, and consumer spending up just
0.3% when adjusted for inflation. The latest Chicago Purchasing Managers' Index
(PMI) survey is due at 9:45 a.m. ET, with a pick-up in the headline index
expected following the very weak readings of the previous two months. European
equities were mostly lower on Thursday, as investors reacted to earnings, as
well as the Federal Reserve's latest interest rate decision. Gold is currently
trading about 1.7% lower, crude oil is seen trading about 1% higher, and
the U.S. dollar is currently trading slightly lower at 9:30am Chicago time.
Oryza
U.S. Rough Rice Recap - Prices Slide after IGB Delays Tender Results
Apr 30, 2015
The U.S. cash market was slightly
weaker today after it was reported that the Iraqi Grain Board delayed
announcing any winners in their latest tender until Monday, May 4th.Analysts
note that the IGB was supposed to announce a winner today however in the past
when they delayed announcing it did not bode well for U.S. origin offers.In the
meantime, the USDA reported that cumulative net export sales for the week
ending on April 23rd, totaled 112,800 tons, which was 72% higher
than last week and considerably higher than the prior 4-week average.Increases
were reported for the following destinations including: 22,000 tons to Libya,
20,500 tons to Haiti, 17,000 tons to South Korea, 14,900 tons to Colombia, and
12,100 tons to Mexico.
U.S. rice exporters shipped
58,100 tons, which was 25% lower than last week and 18% lower than the prior
4-week average. The primary destinations included: 34,800 tons to Colombia,
10,000 tons to Haiti, 3,600 tons Mexico, 2,700 tons to Canada, and 1,700 tons
to Jordan.
Philippines
Ifugao Rice Terraces May Hold Surprising New Secret
Apr 30, 2015
The famed Ifugao Rice Terraces in
the Philippines have been assumed to be 2,000 years old, pre-dating
colonization by Spain. However, the director of the Ifugao Archeological
Project (IAP) says that recent remains suggest the terraces are only 300 or 400
years old. The IAP says the terraces may in fact be a response to
colonialization, when rice eating people from the lowlands moved to the mountains
to escape the Spanish and modified their rice production to adapt to the steep
highlands.The IAP will present its official findings from years of research
June 2015
Government
of Pakistan Fixes 2015 Milled Rice Production Target at 7 Million Tons
May 01, 2015
Pakistan's Federal Committee on
Agriculture (FCA) has set new production targets for this year's rice,
sugarcane and maize crops, according to local sources.For rice, the FCA has
fixed a target of 7 million tons, basis milled, (around 10.35 million tons,
basis paddy) from an area of around 2.8 million hectares. It aims to produce 68
million tons of sugarcane and 4.6 million tons of maize this year.
Speaking at a conference after
the FCA meeting, the Minister for National Food Security and Research told
local sources that the volume of irrigated water would be adequate in all area
except in some areas of Sindh. The Met Office also reported that water levels
in all reservoirs and expressed confidence that rainfall would be normal in all
parts of the country.The Minister noted that last year the availability of
certified seeds had increased during the Kharif sowing season. A representative
of the State Bank added that the allocation of institutional credit also
increased substantially last year.
USDA estimates Pakistan's MY 2014-15 (November - October) milled
rice production to increase about 3% to around 6.9 million tons (around 10.35
million tons, basis paddy) from around 6.7 million tons (around 10.05 million
tons, basis paddy) in MY 2013-14. However, the National Space Agency of
Pakistan (SUPARCO) and UN’s Food and Agriculture Organization (FAO have
estimated Pakistan FY 2014-15 (July - June) milled rice production to decline
about 19% to around 5.65 million tons (around 8.437 million tons, basis paddy)
from around 6.72 million tons (around 10.04 million tons, basis paddy) produced
last year.
Download/View On-Line the above News
in pdf format,just click the following link
1st May,2015 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus
Magazine
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