Philippines NFA Calls
Tenders for 250,000 Ton Rice Import on June 5, 2015
May
26, 2015
The Philippines National Food
Authority (NFA) has called for tenders from Vietnam, Thailand and Cambodia for
the 250,000 tons import, according to Reuters. The bidding is set for June 5,
2015, according to a NFA spokesman.The NFA is seeking to import 25% broken
well-milled long-grain rice, with delivery expected between July and August, to
replenish stocks during the lean season (July - September) as well as prevent
commercial rice price hikes.The NFA is authorized to import another 250,000
tons of rice if the drought-inducing El Nino weather condition
intensifies.
Analysts say this year, the
Philippines' total rice imports could cross about 2.1 million tons if the government
approves the terms of a new trade concession with the World Trade Organization
(WTO). As per the new concession, which was supposed to come into effect last
year, the Philippines can import 805,200 tons of rice under the WTO minimum
access volume (MAV), including 755,000 tons in the country-specific- quota
(CSQ) and 50,000 tons in the omnibus quota. Imports under MAV attract 35% duty
and imports over and above MAV attract 50% duty.Imports under the WTO MAV would
be in addition to the likely imports 1.3 million tons of rice under the
government-to-government (G2G) contracts to maintain buffer stocks.
The Philippines already imported
500,000 tons of rice from Vietnam and Thailand this year to curb price
increases and boost buffer stocks. Last year, the South-east Asian nation
imported more than 1.8 million tons of rice (including 1.5 million tons of 2014
imports and 300,000 tons of 2013 residual imports) to replenish rice stocks and
control price hikes.Meanwhile, the Agriculture Assistant Secretary for Field
Operations has expressed concern that increased imports could push down the
farm gate paddy prices in next harvest season affecting the farmers' incomes.
Therefore he suggested the NFA to buy more rice from farmers to stabilize
prices.USDA estimates the Philippines to produce around 12.2 million tons of
rice, basis milled, in MY 2014-15 (July - June) and import around 1.6 million
tons of rice in 2015. The UN Food and Agricutlure Organization (FAO)
estimates Philippines to import 1.8 million tons of rice in 2015.
Cambodia Lacks Adequate Capacity
to Supply Rice to Philippines, Say Exporters
May
26, 2015
The Philippines National Food
Authority (NFA) has invited Cambodia along with Thailand and Vietnam to
participate in bidding for 250,000 tons rice tender that is scheduled for June
5 this year. However, it is doubtful if Cambodia will take part in the tender,
according to local sources.The Philippines is seeking 25% broken well-milled
long-grain rice for delivery between July and August.
The Chairman of a well noted rice
exporting company in Cambodia told local sources that the government is
presently not ready to participate in the bidding process. He stated that the
country lacks adequate capacity to mill and supply to the Philippines as its
demand is huge in a short period.He added that several issues such as lack of
sufficient storage and milling facilities as well as high production costs and
transportation costs should be addressed before attempting to make competitive
bids in such tenders. In the present situation, the country would need at least
two more years to scale up its capacity.
Cambodia did not bid in the previous
import tender by the Philippines earlier this year. The Advisor to the Cambodia
Rice Federation (CRF) noted that Cambodia could supply to the Philippines if
the tenders were segregated into smaller orders tonnage wise. He however noted
that shipping directly to the to the Philippines ports was still a challenge.
Else they need to ship through the Vietnam ports.Cambodia exported around
201,183 tons of rice in the first four months of 2015, up about 67% from around
120,291 tons exported during the same period in 2014, according to data from
CRF. USDA estimates Cambodia to produce around 4.7 million tons of milled
rice and export around 1.1 million tons (including official exports and
unofficial exports to Vietnam and Thailand) in MY 2014-15 (January - December
2015).
Global Rice Quotes
May 26th, 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 405-415
↔
Myanmar 5% broken 420-430
↔
Cambodia 5% broken 430-440
↔
U.S. 4% broken 465-475
↔
Uruguay 5% broken 565-575
↔
Argentina 5% broken 555-565
↔
Long grain white rice - low quality
Thailand 25% broken 350-360
↔
Vietnam 25% broken 325-335
↓
Pakistan 25% broken 360-370
↔
Cambodia 25% broken 410-420
↔
India 25% broken 345-355
↔
U.S. 15% broken 455-465
↔
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% 860-870
↓
Vietnam Jasmine 470-480
↓
India basmati 2% broken NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Mails 815-825
↔
Brokens
Thailand A1 Super 315-325
↔
Vietnam 100% broken 310-320
↔
Pakistan 100% broken stxd 300-310
↔
Cambodia A1 Super 350-360
↔
India 100% broken stxd 275-285
↑
Egypt medium grain brokens NQ
↔
U.S. pet food 365-375 ↔
Brazil half grain NQ
↔
All prices USD per ton, FOB vessel, oryza.com
Thailand, Vietnam Rice Sellers
Lower Some of Their Quotes; India Rice Sellers Increase Some of Their Quotes
Today
May
26, 2015
Thailand rice sellers lowered their quotes for Hommali rice by about a $5
per ton to about $860 - $870 per ton today. Vietnam rice sellers lowered their
quotes for 25% broken rice and Jasmine rice by about $5 per ton and $10 per ton
to about $325 - $335 per ton and $470 – $480 per ton, respectively, today.
India rice sellers increased their quotes for 100% broken rice by about a $5
per ton to about $275 - $285 per ton. Pakistan rice sellers kept their quotes
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 $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 $25 per
ton premium on Vietnam 25% rice shown at around $325- $335 per ton, down about
a $5 per ton from yesterday.
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.
India's 100% broken rice is shown at around $275 - $285 per ton, up
about a $5 per ton from yesterday and about a $30 per ton discount to
Pakistan broken sortexed rice shown at around $305 - $315 per ton.
Oryza U.S. Rough Rice Recap -
Prices Unchanged as Wet Weather Halts Planting; 66% of the Crop in
Good-to-Excellent Condition
May
26, 2015
The U.S. cash market was unchanged
today as demand remains tepid while sellers stay on the sidelines waiting until
prices improve or until they are forced to sell.Analysts contend that
the torrential wet weather that pounded the U.S. Mid-South this weekend
coupled with forecasts for more rain this week will likely prevent any
additional rice acreage to be planted, leading some to believe that the USDA’s
projected acreage figure is too high.In the meantime, the USDA estimates that
as of May 24, 93% of the US rice crop had been planted which is 1% behind this
time last year and 1% ahead of the previous 5-year average. As of now, the USDA
estimates that farmers have planted 92% of their rice crop in Arkansas, 98% in
California, 99% in Louisiana, 94% in Mississippi, 78% in Missouri, and 84% in
Texas.
The USDA estimates that 82% of the
crop has emerged which was 4% ahead of this time last year and 5% ahead of the
previous 5-year average. As of now, the USDA estimates that 83% of the rice
crop in Arkansas has emerged compared to 75% in California, 96% in
Louisiana, 82% in Mississippi, 70% in Missouri, and 81% in Texas.The USDA
estimates that 66% percent of the crop in good to excellent condition, which
was unchanged from last week and 1% behind this time last year. As of now, the
USDA estimates that 62% of the crop in Arkansas is in good to excellent
condition compared to 80% in California, 66% in Louisiana, 80% in
Mississippi, 45% in Missouri, and 52% in Texas.
Vietnam Approves National Rice
Development Plan
May
26, 2015
The Prime Minister of Vietnam has
approved a national rice development plan under which the government aims to
increase competitiveness of Vietnamese rice globally and promote it as a
high-quality trademark by 2030, according to local sources.Initially, the
government will frame a strategy to develop a national brand for Vietnamese
rice especially focussing on high-quality exports to the U.S., European Union
and Japan. By 2020, the government aims to promote Vietnamese rice under the
national brand to at least 20 potential export markets across the world. It
also aims to export rice labelled with the national trademark to 50 potential
markets by 2030.The government is planning to get the national brand
copyrighted and certified in Vietnam and the 50 potential markets to increase
the reach of its national brand globally. It is also planning to build and
protect regional rice brand names with in the country.
In order to achieve its plans, the
government will first focus on developing brand name for major rice products of
the Mekong River Delta region and encourage firms to register for brand
building and protection. It will also take steps to guide quality production
systems using quality control systems and applying advanced technology.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). It
exported 6.32 million tons of rice in 2014.USDA estimates Vietnam to produce
around 28 million tons of rice, basis milled (around 44.88 million tons, basis
paddy) and export around 6.7 million tons in 2014-15 (January 2015 - December
2015).
Indonesia Trade Minister Rules Out Rice Imports Until July 2015
May 26, 2015
The
Indonesian Trade Minister has ruled out rice imports until July this year as
the rice supply with the state logistics agency Bulog is sufficient to meet
demand until then with an additional 7.1 million tons of rice expected from the
ongoing harvest, according to local sources.He however noted that the
government would import rice if the supply is not sufficient to meet the demand
during the fasting month and the Idul Fitri festivities. He added that
the Ministry is calculating the quota and would issue import permits if
needed.The Director General of Domestic Trade at the Ministry told local
sources that the domestic demand within the next two months is expected to be
only 5 million tons while farmers are expected to produce a total of 7.1
million tons of rice until July. She however noted that the government may
decide to import if the harvest fails for any reason.
Earlier
in May, the Chief Economics Minister told reporters that a decision on imports
will be taken at the end of May or early June.The government of Indonesia is
keen on increasing 2015 paddy rice production by about 4% to around 73.4
million tons (around 48.44 million tons, basis milled) from an estimated 70.61
million tons (around 46.65 million tons, basis milled) in 2014; and avoid imports.
Indonesia imported 425,000 tons of rice from Thailand and Vietnam in 2014.
However,
some analysts have cautioned the government to consider rice imports in the
light of country's rice stocks. A professor at the Bogor Institute of
Agriculture (IPB) noted that the country's rice stocks have been declining over
the past three years. They declined from 7.4 million tons in 2013 to 5.5
million tons early this year.USDA estimates Indonesia to produce around 36.3
million tons of rice, basis milled (around 57.165 million tons, basis paddy)
and import around 1.25 million tons of rice in MY 2014-15 (January 2015 -
December 2015).
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