Global Rice Quotes
May 19th, 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 395-405
↔
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 355-365
↔
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 405-415 ↔
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% 865-875
↔
Vietnam Jasmine 480-490
↔
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 300-310
↔
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
Asia Rice Quotes Unchanged Today
May
19, 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 $25 per ton
discount to Pakistan 5% rice shown at around $395 - $405 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, about a $10 per ton discount to
Pakistan 25% rice shown at around $355 - $365 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 $45 per ton
discount to Pakistan parboiled rice shown at around $405 - $415 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 $30 per ton discount to Pakistan broken sortexed rice shown at
around $300 - $310 per ton.
Government of Malaysia Planning
to Make Paddy Planting More Attractive for Youth, Says Minister
May
19, 2015
The government of Malaysia is
planning to make paddy planting more attractive, especially for youth, in terms
of ensuring higher income and returns, local sources quoted the Energy, Green
technology and Water Minister as saying.The Minister noted that recently young
farmers were not interested in rice farming due to lesser return associated
with it. He noted that the government is trying to help young farmers to
achieve higher yields and returns by assisting with new technologies, seedlings
and fertilizers. He noted that though cost of inputs have increased in recent
times, the government is trying to ensure that rice farmers get lucrative returns.He
also noted that these measures are important as the government is aiming for
total self-sufficiency in the country over the next few years. He also ensured
that the 11th Malaysia Plan will consist of new programs to redevelop paddy
fields and idle land as well as encourage more farmers to grow paddy.
Last week, the country's Agriculture
Minister announced that his Ministry would spend about RM2.2 billion (around
$615 million) this year to help rice farmers to improve output to about seven
tons per hectare from the current six tons per hectare in line with the
government's self-sufficiency target.Malaysia produces about 64% of rice needed
for annual consumption of about 2.8 million tons and imports the rest. The
Minister expressed that while 90,000 tons are imported officially, nearly one
million tons are imported unofficially into the country.USDA estimates Malaysia
to produce about 1.8 million tons of rice and import about one million tons of
rice in MY 2014-15 (January 2015 - December 2015).
Brazil Paddy Rice Index Declines
About 1% from Last Week
May
19, 2015
The Brazilian paddy rice index
maintained by CEPEA reached around 35.04 real per 50 kilograms as of May 18,
2015, down about 1% from around 35.36 real per 50 kilograms recorded on May 11,
2015.In terms of USD per ton, the index reached around $232.52 per ton on May
18, 2015, down about 2% from around $237.12 per ton recorded on May 11, 2015.
Nearly 11 Million Tons of
Stockpiled Rice Substandard, Says Thai Commerce Ministry
May
19, 2015
Of the 16 million tons of stockpiled
rice with the Thai government, nearly 11 million tons are substandard, local
sources quoted the Commerce Permanent Secretary as saying.The Secretary told
the local sources that the Rice Policy and Management Committee yesterday
agreed to sell about 2 million tons of stockpiled rice over the next two
months. She noted that the entire stock needs to be sold at the earliest as the
storage costs at about 30 million baht (around 895,496) per day. She also noted
that total loss associated with the substandard rice, including the storage
costs and lowering the selling price, would translate to around 400 billion
baht (around $12 billion).
She said the government is expecting
to earn about 200 billion baht (around $5.97 billion) from selling the entire
rice stocks while the total cost associated with holding the stocks is around
600 billion baht (around $17.9 billion).The government is keen on selling about
10 million tons of rice this year and about 7 million tons next year. However,
it has been delaying the third auction since March 20, 2015 in order to avoid
downward pressure on prices.It had sold about 1.88 million tons of rice from
six auctions raising around 25.58 billion baht (around $785.2 million) since it
seized power in May 2014. It also reportedly sold one million tons of rice
under government-to-government contracts.
Oryza Overnight Recap – Chicago
Rough Rice Futures Seen Flat Overnight Despite Weakness in Neighboring Grain
Pits
May
19, 2015
Chicago rough rice futures for Jul
delivery are currently seen trading 2 cents per cwt (about $0.44 per ton)
higher at $9.815 per cwt (about $216 per ton) ahead of floor trading in
Chicago. The other grains are seen trading lower; soybeans are currently
seen about 0.4% lower, wheat is listed about 2.1% lower and corn is currently
noted about 1.2% lower.U.S. stock index futures indicated Wall Street would
follow European markets higher on
Tuesday, after finishing at record highs on Monday. April's housing starts totaled 1.135 million in
April, above the 1.020 million estimate.
The beat follows weak readings of
little above 900,000 in February and March. Bond yields extended gains after
the better-than-expected data, with the U.S. 10-year Treasury yield at
2.27%.European equities were sharply higher in morning trade on Tuesday, with investors
reacting to corporate earnings and focusing on comments by a member of the
European Central Bank. The euro fell to as low as $1.114 early in the day,
after starting the session at $1.131. The 10-year benchmark German Bund yield
briefly fell to 0.56% and the 10-year U.S. Treasury yield dipped below 2.20%.
Gold is currently trading about 1.1% lower, crude oil is seen trading about
1.9% lower, and the U.S. dollar is currently trading about 1.2% higher at 8:15am Chicago time.
Philippines Researcher Develops
Eco Friendly Rice Hull Processor
May
19, 2015
A researcher at the Philippine Rice
Research Institute (PhilRice) has developed the continuous rice hull (CtRH)
carbonizer which can process rice hull into biochar (commonly known as
charcoal) in an environmentally friendly manner and at a lesser cost, according
to the Philippines government website.The CtRH is a smokeless carbonizer that
converts rice hull into biochar, which can be used for cooking, baking,
sterilizing and heating brooding chicks. According to the researcher, while the
machine processes rice hull into biochar, it generates heat that is then
recovered in the carbonizer attachments, including a high-volume, cooker,
baking oven, sterilizer for mushroom fruiting bags, or heater for brooding
chicks. Heat thus generated can replace heat generated from conventional
sources such as LPG or electricity, he says.
Moreover, biochar produced from rice
hull can be used as organic fertilizer together with animal manure. This type
of organic fertilizer can resist degradation and traps carbon in soils
for hundreds of years thus reducing the impact of greenhouse gas emissions as
well as environmental pollution.The PhilRice is planning to commercialize the
CtRH carbonizer so that farmers can make an efficient use of rice hull produced
in their fields. Farmers generally burn rice hull in their fields leading to
environmental pollution. The Agricultural Secretary also urged stakeholders to
utilize these eco friendly and cost efficient technologies and benefit out of
them.
Oryza U.S. Rough Rice Recap -
Prices Mostly Unchanged as Futures Drop; Mexico and Canada Threaten Import
Tariffs
May
19, 2015
The U.S. cash market was relatively
unchanged again today despite weakness in the futures market as neither buyer
or seller could come off of their price ideas to make a trade.There were
reports today that Canada and Mexico are threatening to impose import tariffs
on U.S. rice if the U.S. requires retailers to label meat with where the animal
was born, raised, and slaughtered.Analysts note that the imposition of these
tariffs would crush the U.S. rice industry however most agree that there will
be a resolution to this dispute.
Pakistan Rupee Appreciation
Against Dollar, Euro Impacts Rice Exports in FY 2014-15, Says MOC
May
19, 2015
In a written reply to the
Parliament, Pakistan's Ministry of Commerce noted that a decline in the average
unit price (AUP) of non-basmati rice, appreciation of Pakistan rupee against
the U.S. dollar and the euro, increased cost of production and lack of adequate
research and development in the country have all contributed to a decline in
Pakistan's rice exports so far in the FY 2014-15 (July - June), according to
local sources.The Ministry stated that a decline in the AUP of non-basmati
rice, which account for about 70% of Pakistan's total rice exports, has reduced
the export value significantly so far this year.
According to data from the Pakistan
Bureau of Statistics (PBS), Pakistan's total rice exports, including basmati
and non-basmati, increased about 4% y/y to around 3.09 million tons in July
2014 - March 2015 from around 2.97 million tons last year. However, in terms of
value, Pakistan's exports declined about 6% y/y during the period to around
$1,569 million from around 1,667 million last year.According to the Ministry,
appreciation of Pakistan rupee against the USD during July 2014 and January
2015 also impacted the value of exports significantly. The average value of
Pakistan rupee against the dollar stood at around 100.3 during July 2014 -
March 2015 compared to around 103.62 during the same period last year. Due to
this, though the exports declined by only 6% in terms of dollar, they declined
by about 9% in terms of rupee.
Appreciation of Pakistan rupee
against the euro during July 2014 to January 2015 also affected the
competitiveness of Pakistan’s rice exports to the Euro zone.The Ministry also
noted that increased cost of production and lack of appropriate research in the
country are also affecting the competitiveness of Pakistan rice globally. It
stated that absence of development of new high yielding varieties of rice for
the last thirty years is a worrisome factor. It noted that India on the other
hand developed many basmati and non-basmati varieties during the last few
years. Due to this there are chances that traditional markets of Pakistan may
prefer Indian rice, it said. Also due to increased costs of production,
Pakistan farmers are not in a position to lower prices despite a global decline
in prices.It also reiterated that Pakistan has not been following any import
substitution policies under the multi-lateral trading arrangement of World
Trade Organization (WTO) as they erode competitiveness.
Tanzania Can Fulfil Rice Needs
of Entire Region But its Export Potential Unrecognized, Says EAC Secretary
General
May
19, 2015
Tanzania is capable of fulfilling
the rice needs of entire East African Community (EAC) region but the
government, rice growers and exporters do not recognize the country's export
potential, local sources quoted the Secretary General of the EAC as saying.The
official who was holding a consultative meeting with the business community
members in Dar es Salaam last week told local sources that rice is the second
most important and commercial crop in Tanzania after maize and is also a major
source of employment, income and food security. The nation tops the EAC region
in rice production with over one million tons annually.
He however says, Tanzania still has
a lot of underutilized production capacity and urged the private sector to
participate in rice production and make optimal use of the potential. He also
noted that the Tanzanian rice is specially recognized for its quality.The EAC
Secretary General also noted that the rice production in the country is
characterized by small and medium sized farmers with an average yield of 1.8
tons per hectares. He said while the potential rice area is estimated at around
2-3 million hectares, only 720,000 hectares is under use currently. The
government has been providing a number of large scale mechanized rice schemes
especially for export but are not properly utilized, he adds.
He reminded that Tanzania's rice
shipments had been banned in Kenya and Uganda for being mixed up with low
quality Pakistani rice. He warned the traders not to lose their reputation by
engaging in such unscrupulous acts. He said he would take up the matter with
relevant authorities and ensure the ban is lifted soon.USDA estimates Tanzania
to produce around 1.386 million tons of rice, basis milled, and export around
30,000 tons in MY 2014-15 (June 2014 - May 2015).
Thai Former Prime Minister
Pleads Innocence in Corruption Charges in Rice Pledging Scheme
May
19, 2015
Thailand’s former Prime Minister
Yingluck Shinawatra, who is facing charges of dereliction of duty in preventing
multi-billion dollar graft in running the controversial rice pledging scheme
introduced by her government in October 2011, has pleaded innocence in charges
filed against her in the Supreme Court on the first day of the trial, according
to Reuters.She has accused her enemies of purposefully creating charges against
her with an intention to handicap her powerful family.
The former PM has been granted 30
million baht ($900,000) bail on condition that she should not leave the country
during the trial period without written permission. The court scheduled the
next hearing for July 21, 2015.The Thai National Legislative Assembly (NLA)
impeached the former Prime Minister on January 23, 2015 and banned her from
active politics for next five years for encouraging corruption in the rice
pledging scheme introduced by her government in October 2011. If proved guilty
in the present case, she may have to face imprisonment for 10 years, according
to local sources.
Download/View
On-Line the above News in pdf format,just click the following link
No comments:
Post a Comment