Myanmar Launches National
Strategic Plan to Increase Rice Acreage and Production
May 22, 2015
The government of Myanmar has
launched a national strategic plan to increase rice acreage and production
across the country, according to local sources.According to the plan, the
government is aiming to increase paddy rice acreage to around 7.7 million
hectares and increase yield to around 4.1 tons per hectare. It is aiming to
increase milled rice production to around 15.9 million tons and export around 6
million tons by 2030.Myanmar has exported around 1.7 million tons of rice in
the fiscal year 2014-15 (April - March), up about 40% from around 1.2 million
tons exported in 2013-14.
The Myanmar Rice Federation (MRF)
has expressed confidence that the country would export about 2 million tons of
rice in the fiscal year 2015-16 (April - March). The government is also keen on
increasing rice exports to around 3 million tons over the next few years and
has prioritized rice in its National Export Strategy (NES).
USDA estimates Myanmar to produce 19.688 million tons of paddy rice (around
12.6 million tons, milled basis) and export around 1.85 million tons of rice in
MY 2014-15 (January - December 2015). It estimates the area harvested under
paddy at 7 million hectares and yield at around 2.8 tons per hectare.
Vietnam Rice Sellers Increase
Some of Their Quotes Today; Other Asia Rice Quotes Unchanged
May 22, 2015
Vietnam rice sellers increased their quotes for 100% broken rice by about
$5 per ton to around $310 - $320 per ton today. Other Asia rice sellers kept
their quotes mostly unchanged.
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 $35 per ton
discount to Pakistan 5% rice shown at around $405 - $415 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 $15 per ton discount to
Pakistan 25% rice shown at around $360 - $370 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 $5 per ton premium on Vietnam 100% broken rice shown at around $310 -
$320 per ton, up about a $5 per ton from yesterday. India 100% broken rice is
shown at around $270 - $280 per ton, about a $35 per ton discount to
Pakistan broken sortexed rice shown at around $305 - $315 per ton.
India 2015-16 Kharif Rice Sowing Underway, 268,000 Hectares Planted as of
May 22, 2015
May 22, 2015
Planting for India 2015-16 Kharif
(main) rice crop (June - December) has begun and stands at around 268,000 hectares
as of May 22, 2015; up about 18% from around 228,000 hectares planted during
the same period last year, according to preliminary data released by the Indian
Agriculture Ministry.The government of India, in its third advance estimates
for major crops, has estimated India's rice production for 2014-15 marketing
year (October 2014 - September 2015) at around 102.54 million tons, down about
4% from an estimated 106.65 million tons in 2013-14, according to a statement
from the agriculture Ministry.
Oryza U.S. Rough Rice Recap -
Prices Hold despite Drop in Futures
May 22, 2015
The U.S. cash market held steady
today despite weakness in the futures market as sellers continue to hold out
for better prices despite burdensome stocks and limited demand.Analysts insist
that farmers are going to wait as long as they possibly can before selling at
the levels they are seeing trade as it is below their cost of production.
Weekly Recap: The Philippines
Set to Import More Rice Amid Fears of El Nino
May 22, 2015
The Oryza White Rice Index (WRI), a weighted average of global white rice
export quotes, ended the week at about $407 per ton, down about $1 per ton from
a week ago, down about $2 per ton from a month ago and down about $48 per ton
from a year ago.
The decline is mainly due to a decline in Pakistan Rice Prices.
Thailand
Thailand 5% broken rice is today shown at about $375 per ton, unchanged
from a week, down about $10 per ton from a month ago and up about $5 per
ton from a year ago.
The government of Thailand has decided to sell 2 million tons of rice from
government stockpiles over the next two months.
Former Prime Minister Yingluck Shinawatra has pleaded innocence in
corruption charges from the controversial rice pledging scheme.
The Thai Commerce Ministry claims that nearly 11 million tons of the 16
million tons of stockpiled rice are substandard.
The Prime Minister has called for high-standard rice
mills in the country in order to ensure top quality rice that can compete at
the global level. The Prime Minister has laid out specific strategies to
increase the competitiveness of Thai rice globally, including the restructuring
of rice production management.
India
India 5% broken rice is today shown at about $375 per ton, unchanged from a
week and a month ago, and down about $55 per ton from a year ago.
India's main season (Kharif) rice planting has reached at about 268,000
hectares as on March 22, 2015, up about 17.5% from same time in last year,
according to the data from India's Ministry of Agriculture.
Vietnam
Vietnam 5% broken rice is today shown at about $355 per ton, unchanged from
a week ago, down about $5 per ton from a month ago and down about $50 per ton
from a year ago.
During the period January 1 to May 14, Vietnam exported about 1.686 million
tons of rice. Average rice export price so far this year stands at around
$419 per ton (FOB), down about 3% per ton from the same period last year.
Rice farmers in the Mekong Delta have been urged to speed up summer-autumn
crop harvest in order to avoid losses from the drought and salinity intrusion.
Pakistan
Pakistan 5% broken rice is today shown at about $410 per ton, down about
$10 per ton from a week, up about $30 per ton from a month ago, and down about
$15 per ton from a year ago.
The Ministry of Commerce has noted that a decline in the average unit price
of non-basmati rice, the appreciation of the Pakistan rupee against the U.S.
dollar and the euro, and an increased cost of production and lack of adequate
research and development in the country have contributed to a decline in
Pakistan’s rice exports so far in FY 2014-15 (July-June).
Pakistan’s total exports, including basmati and non-basmati, declined about
24% m/m in April after increasing in March. In April, Pakistan exported about
360,446 tons of rice.
Philippines
The Philippines President has reportedly approved the National Food
Authority (NFA) to import 250,000 tons of rice to boost buffer stocks during
the lean season (July - September) amid fears of an impending El Nino weather
pattern.
The FAO forecasts the Philippines 2015 rice imports to remain at last
year's level of around 1.8 million tons reflecting the government's efforts to
stabilize domestic rice prices and restore public stocks.
Cambodia
Cambodia is hoping to increase its 2015-16 (May 2015 - April 2016) rice
export quota to China to around 200,000 tons from the current 100,000 tons.
A team of Chinese trade delegation led by the Vice Minister of Commerce is
visiting Cambodia next week to discuss trade cooperation between the two
nations and the Commerce Ministry is likely discuss about increasing the rice
export quota with the visiting delegation.
Central & South America
5% broken rice from Uruguay and Argentina is today shown at about $565 per
ton, unchanged from a week and a month ago, and down about $60 per ton from a
year ago.
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.
U.S.
U.S. 4% broken rice is today shown at about $470 per ton, down about $5 per
ton from a week and a month ago, and down about $115 per ton from a year ago.
With the drought in California causing tighter rice supplies, U.S. southern
states such as Arkansas and Louisiana are looking to shift from growing
long-grain rice to medium-grain production.
Other Markets
The European Union’s rice imports from Least Developed Countries (LDCs) of
Asia under the Everything But Arms Agreement (EBA) have reached about 204,512
tons in the first eight months of the crop year 2014-15 (September-August), an
increase of about 12% from the same period last year.
Rice millers from Italy and Spain will meet with European
Commission officials to discuss increasing rice imports from LDCs.
A new study published in the Nature Communications Journal finds
that El Nino and its effects may reduce global crop harvest of rice and other
crops by 0.8 - 4%.
The Secretary General of the East African Community (EAC) claims that Tanzania is capable of fulfilling the rice
needs of the entire EAC region, but that the government, rice growers, and
exporters do not recognize the country’s export potential.
The government of Malaysia plans to make paddy planting more attractive, especially for youth, in
terms of ensuring higher income and returns.
The Myanmar Rice Federation expects
Myanmar to export 2 million tons of rice in FY 2015-16 (April-March), an
increase of about 18% from last year, due to increased demand from China,
Africa, and Europe. Under a National Strategic Plan, the government is aiming
to increase paddy rice acreage to around 7.7 million hectares and increase
yield to around 4.1 tons per hectare. It is aiming to increase milled rice
production to around 15.9 million tons and export around 6 million tons by
2030.
The UN’s Food and Agriculture Organization estimates Indonesia’s rice imports to decline about 25%
in 2015-16 due to a favorable outlook for 2015 aggregate rice production.
However, analysts say that the effects of the El Nino weather pattern may force
Indonesia to import more rice this
year.
Rice farmers in Bangladesh are concerned that the
imposition of a 10% import duty on rice imports has increased Boro
(January-May) paddy prices by about 20%, but it has not benefited the rice
farmers, according to local sources.
The UN’s FAO estimates South Korea will import 460,000 tons of rice in marketing year 2014-15
(October-September).
FAO Estimates Philippines to
Import 1.8 Million Tons of Rice in 2015 Amid El Nino Fears
May 22, 2015
The UN's Food and Agricultural
Organization (FAO) has forecasted the Philippines 2015 rice imports to remain
at last year's level of around 1.8 million tons reflecting the government's
efforts to stabilize domestic rice prices and restore public stocks. Also an
impending drought-inducing El Nino weather pattern may also force the country
to import more rice this year. El Nino is feared to result in reduced yields
due to below-average rainfall.
Though,
reports from the main meteorological and oceanic institutions conformed the
onset of a weak to moderate El Nino event, uncertainty about the intensity
still persists. However, government support to the sector in the form expansion
of irrigated area, improved seeds and higher fertilizers is likely to maintain
pace of production.The FAO forecasts Philippines 2015 paddy rice production at
around 19.76 million tons (around 12.39 million tons, basis milled), up about
4% from an estimated 19 million tons (around 11.91 million tons, basis milled).
Planting of the 2015 main season rice crop, accounting for about 55% of annual
production, is currently underway and will continue till mid-July. Lower-than average
rainfall in early April has most likely delayed planting operations.
According to the FAO, the average retail prices of
regular and well-milled rice varieties
continued to
decline in May 2015 for the eighth consecutive month after continuously increasing
since last October, due to increased supplies from the 2014 main season
harvest.USDA estimates the Philippines to import around 1.6 million tons of
milled rice in 2015, up about 33% from an estimated 1.2 million tons in 2014.
USDA estimates the South-East Asian nation to produce around 19.365 million
tons of paddy (around 12.2 million tons, basis milled) in MY 2014-15 (July -
June), up about 3% from an estimated 18.82 million tons (around 11.86 million
tons, basis milled) in MY 2013-14.
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