Global Rice Quotes
May 29th, 2015
Long grain white rice - high quality
Thailand 100% B grade 375-385
↔
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 365-375 ↔
Pakistan parboiled 5% broken stxd 415-425 ↑
India parboiled 5% broken stxd 350-360 ↔
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% 845-855
↔
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 305-315
↔
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
Oryza Overnight Recap – Chicago
Rough Rice Futures Slightly Higher Overnight as Market Weighs Export Sales
Report
May
28, 2015
Chicago rough rice futures for Jul
delivery are currently seen paused 3 cents per cwt (about $1 per ton) higher at
$9.460 per cwt (about $209 per ton) during early floor trading in
Chicago. The other grains are seen trading mostly higher; soybeans are
currently seen about 0.3% higher, wheat is listed about 0.3% higher and corn is
currently noted about 0.4% higher.U.S. stock index futures traded lower on Thursday, as hopes faded that
a rescue-for-reforms deal for crisis-struck Greece was nearing.
In China, stocks plunged 6.5% on Thursday, with traders citing
the tightening of marginal lending rules as an explanation. European and U.S.
stocks rallied on Wednesday,
with the Nasdaq setting a new record high, after Greece said it had stated
crafting a "staff level agreement" with its international bailout
supervisors. However, European officials rebuked the claims on Thursday, saying there was some way to go before any
agreement could be drawn up and that they were surprised by the upbeat
sentiment from Greece. Gold is currently trading about 0.1% higher, crude oil
is seen trading about 0.9% lower, and the U.S. dollar is currently
trading about 0.1% higher at 8:30am Chicago
time
Italy Rice Fields Turn into Bird
Habitats!
May
28, 2015
Rice fields in Italy's Novara,
Vercelli and Biella provinces are home for thousands of bird species. The
regions are located in an area called "baraggia", where moorland and
grassland are mixed in a sort of “savanna” landscape, and rice is grown. Now
these areas are part of a natural regional park extending to about 3,980
hectares.An ornithologist Lucio Bordignon is conducting a study over the bird
species among these rice fields. He says thousands of herons, bitterns, stock
doves and many others have been found in the region's rice fields.He will
present the findings of his study on June 6 this year in Busonnengo, a place in
"baraggia".
Myanmar Cross Border Rice
Exports to China Decline Due to High Prices, Say Traders
May
28, 2015
Cross border rice exports from
Myanmar to China have remained sluggish since the Water Festival on April 19
this year due to relatively higher prices, according to local sources.Some
traders told local sources that an increase in local rice prices is also having
an impact on the export prices thereby leading to lower exports. They noted
that the price of ordinary rice increased about 1,500 kyats per 100 kilograms
(around $14 per ton) after the Water Festival and is currently trading at
around 18,000 kyats per 100 kilograms (around $164 per ton).Rice prices at the
border are also high, according to local sources. While ordinary rice prices
are ruling between 17,000 kyat - 18,500 kyat per 100 kilograms (around $155 -
$169 per ton), qualified rice prices are ruling between 28,000 kyat - 38,000
kyat per 100 kilograms (around $255 - $347 per ton). In fact they are around
500 kyat (around $4.5 per ton) higher than in other places.However, traders are
expecting the export prices to normalize after the inspecting group from China
will examine the rice slated for export between May 22 and June 1 this year
under the recently signed Memorandum of Understanding (MOU). The group will inspect
rice from 19 qualified companies and award export certificated, they said.According
to the UN's Food and Agriculture Organization (FAO), the domestic prices of
most commonly used Emata rice have been increasing since November 2014. Export
prices of Myanmar 5% rice currently stand at around $425 per ton.
Government of Cambodia to Check
'Unethical' Rice Tampering
May
28, 2015
Oryza Global Weather Outlook
May
28, 2015
Rain is expected across the Yangtze Valley and South China this week, which is likely maintain
favourable moisture for rice in those regions.
Rain is expected across South-western and North-western India, Central Pakistan, and Northern Bangladesh this week.
In Indonesia, rain is expected across
Northern Sumatra, Malay Peninsula, Northern Kalimantan, East Malaysia, and
Southern Sulawesi this week.
Rain showers are expected across Southern and Eastern Thailand, and Northern and Southern Vietnam this week.
In the Philippines, rain is expected across Luzon
this week. However, dryness will continue across South-eastern areas of the
Philippines, which will stress main season rice growth.
Rain is expected across Central and Southern portions of the Center-South Brazil this week, and also far
North-western portions of the Northeast Brazil. Rice harvesting has almost been
completed in Center-South Brazil.
A few light showers are expected across Southern Uruguay this week.
Rain showers are expected to continue across the U.S. this week.
Thailand, India Rice Sellers
Lower Some Quotes Today; Pakistan Rice Sellers Increase Some of Their Quotes
May
28, 2015
Thailand rice sellers lowered their quotes for 5% broken rice, Parboiled
rice and Hommali rice by about $5 per ton each to around $365 - $375 per ton,
$365 - $375 per ton and $845 - $855 per ton respectively, today. India rice
sellers lowered their quotes for parboiled rice by about $10 per ton to around
$350 - $360 per ton. Pakistan rice sellers increased their quotes for 100%
broken rice by about $5 per ton to around $305 - $315 per ton. Vietnam rice
sellers kept their quotes mostly unchanged today.
5% Broken Rice
Thailand 5% rice is indicated at around $365 - $375 per ton, down about a
$5 per ton from yesterday and about a $15 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. 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 $365 - $375 per ton, down
about a $5 per ton from yesterday. India parboiled rice is indicated at around $350
- $360 per ton, down about a $10 per ton from yesterday and about a $55 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, about a $30 per ton discount to Pakistan broken sortexed rice
shown at around $305 - $315 per ton, up about a $5 per ton from yesterday.
Oryza Afternoon Recap - Chicago
Rough Rice Futures Trade Higher on Support from Wheat and Corn
May
28, 2015
Chicago rough rice futures for Jul
delivery settled 8 cents per cwt (about $2 per ton) higher at $9.510 per cwt
(about $210 per ton). The other grains finished the day with mixed results;
Soybeans closed about 0.1% lower at $9.2600 per bushel; wheat finished about
0.2% higher at $4.8875 per bushel, and corn finished the day about 1.1% higher
at $3.5100 per bushel.U.S. stocks traded closed Thursday's trading session
lower as a lack of resolution on Greece debt talks and declining transports
weighed on investor sentiment.
The Dow transports resumed their decline,
falling 0.91%. U.S. stocks have alternated between losses and gains in the last
three trading days. Regarding Greece, IMF Managing Director Christine Lagare
told a German newspaper that a Greek exit from the euro zone was possible but
that this would probably not herald the end of the euro currency. On Wednesday,
both U.S. and European equities rallied after Greece said it had stated
crafting a "staff level agreement" with its international bailout
supervisors. However, European officials rebuked the claims on Thursday, saying
there was some way to go before any agreement could be drawn up and that they
were surprised by the upbeat sentiment from Greece.
The Dow Jones Industrial Average
closed down 36.87 points, or 0.20%, at 18,126.12. Thursday's session also
marked the fourth time in six sessions where blue chips closed down. The
S&P 500 closed down 2.68 points, or 0.13%, at 2,120.80, with industrials
and energy leading decliners and materials leading three advancers. The Nasdaq
closed down 8.62 points, or 0.17%, at 5,097.98. Gold is trading about 0.2%
higher, crude oil is seen trading about 0.9% higher, and the U.S. dollar is
seen trading about 0.4% lower at about 3:00pm Chicago time.
Wednesday, there were 681 contracts traded, up from 487 contracts traded on
Tuesday. Open interest – the number of contracts outstanding – on Wednesday
decreased by 12 contracts to 11,560.
Government of Indonesia Will
Import Rice as Last Resort, Says Agriculture Minister
May
28, 2015
The Indonesian Agriculture Minister
reiterated that there were enough rice and paddy stocks in the country and
would be sufficient till September this year, according to local sources.While
accompanying the President during visits to the rice growing regions in Manado,
North Sulawes, he told local sources that demand usually increases ahead of the
festive seasons Ramadhan and Idul Fitri. But he noted that the government would
import rice as a last resort if domestics stocks were insufficient. As of now, the
government is reviewing the production and stock situations and is likely to
take a decision on imports next month.The government is also ramping up its
rice procurement efforts as harvest season has arrived in most of the regions
and will peak in June. It has fixed the government purchasing price at about Rp
7,260 per kilogram (around $550 per ton). The Minister also noted that prices
have moderated in most of the regions. “There will be no limit on the amount of
rice we buy. We will buy their rice in any volume,” he was quoted as saying.According
to the UN’s Food and Agriculture Organization (FAO), the average rice prices in
the country have been increasing since September 2014 and have reached record
levels in March 2015. However, since April, prices reversed direction due to
the government intervention as well as increased supplies from the 2015 main
season rice crop. Currently, prices stand at around 9.875 million Rupiah
(around $751) per ton, down from around 10 million Rupiah (around $770) per ton
in April 2015.Meanwhile, the Agriculture Ministry is in the process of
minimizing the effects of a likely El Nino on the country's rice production
levels. The Agriculture Minister noted that the Ministry has set up a team
consisting of agricultural experts and those experienced in understanding the
impacts of El Nino to anticipate the effects of the event on rice production.USDA
estimates Indonesia to produce around 36.3 million tons of rice, basis milled
(around 57.17 million tons, basis paddy), and import around 1.25 million tons
of rice in MY 2014-15 (October - September).
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