India
Average Wholesale Rice Prices Advance April 2015
May 05, 2015
India
average whole sale rice prices stand at Rs. 2,760 per ton in April 2015, up
slightly from Rs. 2,752 per ton in March 2015, and down about 8% from Rs. 3,016
per ton in April of last year.In USD terms, India average whole sale rice
prices stand at $436 per ton in April 2015, down about 2% from $445 per ton in
March 2015, and down about 12% from $498 per ton in April of last year.
The
government of India, in its second advance estimates for major crops, has
estimated India's rice production, basis milled, from rabi crop at around 15.02
million tons and around 88.02 million tons from kharif crop, according to a
statement from the Agriculture Ministry. It estimates total rice production for
2014-15 marketing year (October 2014 - September 2015) at around 103.04 million
tons, down about 3% from an estimated 106.65 million tons in 2013-14.
Brazil
Paddy Rice Index Declines from Last Week
May 05, 2015
The
Brazilian paddy rice index maintained by CEPEA reached around 35.58 real per 50
kilograms as of May 4, 2015, down about 0.56% from around 35.78 real per 50
kilograms recorded on April 27, 2015.In terms of USD per ton, the index reached
around $231.43 per ton on May 4, 2015, down about 5.5% from around $245 per ton
recorded on April 27, 2015.
Global
Rice Quotes
May 6th, 2015
Long grain white rice - high quality
Thailand 100% B grade 385-395
↔
Vietnam 5% broken 355-365
↔
India 5% broken 370-380
↔
Pakistan 5% broken 375-385
↔
Myanmar 5% broken 415-425
↔
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 350-360
↔
Vietnam 25% broken 335-345
↑
Pakistan 25% broken 330-340
↔
Cambodia 25% broken 410-420
↔
India 25% broken 345-355
↔
U.S. 15% broken 470-480
↔
Long grain parboiled rice
Thailand parboiled 100% stxd 375-385 ↓
Pakistan parboiled 5% broken stxd 390-400 ↑
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% 885-895
↔
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 310-320
↑
Pakistan 100% broken stxd 285-295
↔
Cambodia A1 Super 350-360
↔
India 100% broken stxd 270-280
↔
Egypt medium grain brokens NQ
↔
U.S. pet food 370-380
↔
Brazil half grain NQ ↔
All prices USD per ton, FOB vessel, oryza.com
Oryza Overnight Recap – Chicago Rough Rice Futures Lower Overnight as Both
Wheat and Corn Slip
May 05, 2015
Chicago
rough rice futures for Jul delivery are currently seen paused 1.5 cents per cwt
(about $0.33 per ton) lower at $10.090 per cwt (about $222 per ton) ahead of
floor trading in Chicago. The other grains are seen trading mixed: soybeans are
currently seen about 0.1% higher, wheat is listed about 0.9% lower and corn is
currently noted 0.9% lower.U.S. stock index futures indicated a lower open on
Tuesday amid of a raft of major economic data releases, which investors will
look to for signals on the timing of a rate hike.
European shares traded mixed, while Chinese shares
plummeted after the Reserve Bank of Australia cut interest rates for the second
time this year. In the United States, March trade figures showed that the trade
deficit was $51.4 billion, the largest since 2008 as imports surged. February's
figure was increased slightly to $35.9 billion from $35.4 billion. Analysts
expected the March trade deficit to widen to $42.5 billion. In other economic
news, April's non-manufacturing ISM comes at 10:00 a.m. ET, and the PMI
services index at 9:45 a.m.
The
rest of the week includes reports on jobs, with the ADP national employment
report; weekly jobless claims and finally the Labor Department's non-farm
payrolls report for April on Friday. European equities were mixed on Tuesday as
investors kept an eye on the ongoing Greece bailout drama and earnings from
banking giants HSBC and UBS. Gold is currently trading about 0.9% higher, crude
oil is seen trading about 3.1% higher, and the U.S. dollar is currently
trading about 0.2% higher at 8:30am Chicago time.
Oryza U.S. Rough Rice Recap - Cash Prices Slide amid Rumors the IGB
Canceled White Rice Tender
May 05, 2015
The U.S. cash market
was weaker today after it was rumored that the Iraqi Grain Board canceled their
latest tender failing to award sales to any origins.Analysts note that it will
be difficult for cash prices to stabilize or firm without a substantial
increase in export demand however with the absence of Iraq it does not appear
any will show up in May.
Oryza Afternoon Recap - Chicago Rough Rice Futures Fall Below $10.000 per
cwt as Rumors Circulate of another Round of Missed Export Business
May 05, 2015
Chicago
rough rice futures for Jul delivery settled 13 cents per cwt (about $3 per ton)
lower at $9.975 per cwt (about $220 per ton). Rough rice futures saw follow-through
selling today following yesterday’s bearish setup. Prices fell through and
closed below nearby psychological support noted at $10.000 per cwt (about $220
per ton) and will likely continue lower in the coming days. The other grains
closed mostly higher with only wheat continuing lower following losses
sustained yesterday; Soybeans closed about 0.9% higher at $9.8475 per bushel;
wheat finished about 1.3% lower at $4.6650 per bushel, and corn finished the
day about 0.7% higher at $3.6125 per bushel.
U.S.
stocks traded lower on Tuesday as investors eyed higher bond yields, mixed
domestic data and global headlines, including some renewed concerns on Greece.
The major averages struggled to hold above psychologically key levels. The Dow
Jones industrial average traded more than 110 points lower, holding below
18,000. The Nasdaq underperformed, falling more than 1% to below 5,000. In the
continuing Greek debt drama, stocks and bonds sold off in Athens on news the
International Monetary Fund may cut a funding lifeline to Greece unless its
European partners accept more debt write-downs. U.S. futures had signaled a
lower open as European shares were mostly lower and Chinese shares plummeted
after the Reserve Bank of Australia cut interest rates for the second time this
year.
The
Dow Jones Industrial Average traded down 98 points, or 0.55%, at 17,972. The
S&P 500 traded down 18 points, or 0.86%, at 2,096, with utilities leading
all ten sectors lower. The Nasdaq traded down 65 points, or 1.30%, at 4,951.
Gold is trading about 0.5% higher, crude oil is seen trading about 2.9% higher,
and the U.S. dollar is seen trading about 0.4% lower at about 1:00pm
Chicago time.Monday, there
were 714 contracts traded, down from 1,060 contracts traded on Friday. Open
interest – the number of contracts outstanding – on Monday decreased by 65
contracts to 10,709.
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6th May (Wednesday) ,2015 Daily Global
ORYZA E-Newsletter
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