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 ↔
Medium grain milled
U.S. Calrose 4% broken 845-855
↔
Egypt medium grain 6% NQ
↔
All prices USD per ton, FOB vessel, oryza.com
Thailand Continues to Enjoy Government Rice
Subsidies but Faces Uphill Battle on Export Price Competition, Suggests USDA
Post
May 06, 2015
The USDA
post forecasts that Thailand will export about 11 million tons rice in 2015 and
expects that Thailand rice export will accelerate in the second half of the
year due to the sales of the government stocks, according to a recent report.
The report projects parboiled rice exports, which account for around 30% of
total rice exports, will increase in coming the months due to higher demand
from Nigeria.
However,
the Post projects that, "Price competition between Thai and Vietnamese
rice will continue to put downward pressure on world rice prices.” In first
quarter of 2015, Thailand has exported about 2.1 million tons rice, according
to the USDA Post, down about 4% from the same period last year due to price
competition from Vietnam rice.Thailand government has sold about 1.3 million
metric tons of rice stocks, valued at 16 billion baht (about $499 million) in
first quarter of 2015. However total quantity was well below from planned about
3 million metric tons.
The
government has used a variety of measures to support rice farmers, including:
an On-Farm Pledging Scheme (albeit at lower prices than the previous rice
schemes under Yingluck which accumulated huge tonnage), the Income Support
Measure (distributed $192 per hectare to 3.6 million farmers, totaling $1.2
billion), the Off-farm Employment Assistant Program (designed to help farmers
affected by government imposed water restrictions, a Rice Insurance Program
(subsidizing insurance rates, protecting farmers from natural disasters), and
the Interest Subsidy Program (subsidizing borrowing rates for traders to hold
stocks).
Asia Rice Quotes Mixed Today
May 06, 2015
Thailand
rice sellers lowered their quotes for parboiled rice by about a $5 per ton to
about $375 - $385 per ton. Vietnam rice sellers increased their quotes for 25%
broken rice and 100% broken rice by about a $5 per ton and $10 per ton to about
$335 - $345 per ton and $310 - $320 per ton, respectively, and lowered their
quotes for Jasmine rice by about a $10 per ton to about $480 - $490 per ton
today. Pakistan rice sellers increased their quotes for Parboiled rice by about
a $5 per ton to about $390 - $400 per ton. India rice sellers kept their quotes
mostly unchanged today.
5% Broken Rice
Thailand 5% rice is indicated at around $375 -
$385 per ton about a $20 per ton premium on Vietnam 5% rice shown at
around $355 - $365 per ton.
India 5% rice is indicated at around $370 -
$380 per ton, about a $5 per ton discount to Pakistan 5% rice shown at around
$375 - $385 per ton.
25% Broken Rice
Thailand 25% rice is shown at around $350 - $360
per ton, about a $15 per ton premium on Vietnam 25% rice shown at around $335-
$345 per ton, up about a $5 per ton from yesterday.
India 25% rice is indicated at around $345 -
$355, about a $15 per ton premium on Pakistan 25% rice shown at around $330 -
$340 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around
$375 - $385 per ton, down about a $5 per ton from yesterday.
India parboiled rice is indicated at around
$360 - $370 per ton, about a $30 per ton discount to Pakistan parboiled rice
shown at around $390 - $400 per ton, up about a $5 per ton from yesterday.
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 $10 per ton from
yesterday.
India's 100% broken rice is shown at around
$270 - $280 per ton, about a $15 per ton discount to Pakistan
broken sortexed rice shown at around $285 - $295 per ton.
Oryza Overnight Recap – Chicago Rough Rice
Futures Slightly Lower Overnight as Technical Bearishness Continues to Mount
May 06, 2015
Chicago
rough rice futures for Jul delivery are currently seen paused 2.5 cents per cwt
(about $1 per ton) lower at $9.950 per cwt (about $219 per ton) ahead of floor
trading in Chicago. The other grains are seen trading mixed: soybeans are
currently seen about 0.1% lower, wheat is listed about 0.6% higher and corn is
currently noted 0.8% higher.U.S. stock index futures pointed to a firm open for
Wall Street shares Wednesday, following the previous day's sharp falls and
ahead of some key data releases as Treasury yields rose. The ADP Employment
Report showed 169,000 jobs were created in April, below expectations. The
report, which could foreshadow Friday's employment report, was expected to
record a modest rise in the rate of job creation to around 200,000 in April,
according to analysts.
Unit labor
costs for the first quarter rose 5% but productivity fell 1.9%, a touch more
than the expected 1.8% decline. The report is central to the Federal Reserve's
assessment of underlying price pressures. Other key events include a panel
discussion between Fed chief Janet Yellen and International Monetary Fund
Managing Director Christine Lagarde on monetary policy at 9:15 a.m. ET in
Washington. European equities were higher in morning trade on Wednesday as
investors reacted to a slew of earnings reports and new economic data.
U.S. stocks
closed about 1% lower on Tuesday as investors eyed higher bond yields, mixed
domestic data and renewed concerns over Greece. The tech-heavy Nasdaq
under-performed, falling about 1.5% to close below 5,000. Gold is currently
trading about 0.2% higher, crude oil is seen trading about 2.2% higher,
and the U.S. dollar is currently trading about 0.6% lower at 7:30am Chicago
time.
Oryza Afternoon Recap - Chicago Rough Rice
Continue to Tumble as Market Lacks Buying Interest and Charts Remain Bearish;
Wheat Reverses Yesterday's Losses
May 06, 2015
Chicago
rough rice futures for Jul delivery settled 18 cents per cwt (about $4 per ton)
lower at $9.795 per cwt (about $216 per ton). Rough rice futures continued
lower as the market searches for levels that attract demand. Technically the
market remains bearish and there is little sign that the current downtrend is
nearing an end. The other grains finished the day with mixed results as soy
products slipped, while corn continued higher and wheat looked to erase losses
sustained yesterday; Soybeans closed about 0.2% lower at $9.8250 per bushel;
wheat finished about 2.7% higher at $4.7925 per bushel, and corn finished the
day about 1.5% higher at $3.6650 per bushel.
U.S.
stocks traded lower after a positive open on Wednesday as investors weighed
comments from the Fed Chair on valuation amid higher yields and energy prices.
In the afternoon, Atlanta Federal Reserve bank
president Dennis Lockhart said he is hopeful growth will pick up but needs more
evidence, particularly from consumer spending. Fed Chair Janet Yellen said on
Wednesday morning in a conversation with IMF Managing Director Christine
Lagarde that equity valuations are generally quite high. U.S. equities followed
European stocks lower on currency and bond market moves. The U.S. dollar traded
more than 1 percent lower against major world currencies, with the euro topping
$1.13 for the first time since the end of February.
Stocks
sold off on her remarks before briefly recovering to trade mildly lower. In
other economic news, the ADP Employment Report showed 169,000 jobs were created
in April, below expectations. The report, which could foreshadow Friday's
employment report, was expected to record a modest rise in the rate of job
creation to around 200,000 in April, according to analysts. The Dow Jones
Industrial Average traded down 115 points, or 0.64%, at 17,813. The S&P 500
traded down 11 points, or 0.51%, at 2,078, with utilities leading eight sectors
lower and materials and energy the only advancers.
The
Nasdaq traded down 28 points, or 0.56%, at 4,911. Gold is trading about 0.3%
lower, crude oil is seen trading about 0.5% higher, and the U.S. dollar is seen
trading about 1% lower at about 1:00pm Chicago time.Tuesday, there were
853 contracts traded, up from 714 contracts traded on Monday. Open interest –
the number of contracts outstanding – on Tuesday increased by 118 contracts to
10,827.
Thailand Rice Farmers to Receive Discount
Coupons to Buy Seed and Fertilizer
May
06, 2015
Thailand economic minister has agreed today to distribute
coupons or cards to rice farmers allowing them to claim a discount on the
purchase of cultivation materials, including seed and fertilizer, according to
the local media. He told to local media that the discount method will be more
effective than handing out cash subsidies to the farmers. Meanwhile, Thailand's
Prime Minister has ordered to the Ministry of Agriculture and Cooperatives to implement
this program.Thailand government is also planning to convince some rice farmers
to switch sugarcane crop in upcoming crop season to ensure good prices for
rice. The government is also offering 1 million baht (about $29,933) in aid to
each of about 3,000 sub-districts where rice growers have suffered from water
shortages.
Indian Monsoon May Disappoint, Reducing Rice
Production and Future Exports, Says USDA Post
May
06, 2015
Cuba’s main rice crop, which
accounts for about 60-70% of the nation’s rice production, is typically planted
between March and July and this year there are concerns that water supplies are
insufficient. In a GIEWS Country Brief, FAO reports that “Sowing
operations are already reported to have been hindered by limited supplies of
water in major reservoirs, particularly over the eastern-most provinces of the
country.”
FAO estimates 2015 paddy
production at 632,000 tons (about 425,000 tons basis milled), nearly unchanged
from 2014. This is below the USDA’s paddy production estimate of about
700,000 tons (about 455,000 tons basis milled).
Download/View
On-Line the above News in pdf format,just click the following link
7th May (May),2015 Daily Exclusive ORYZA RICE E-Newsletter
India’s upcoming monsoon season may suffer from insufficient
rains, potentially reducing crop production including rice, the USDA Post
reports in its May 2015 India Grain and Feed Update. Last month the Indian
Metrological Department (IMD) predicted the 2015 monsoon will be 93% of normal,
with a margin of error of 5%. The next forecast will be in June, the
start of the June-September monsoon season, which provides about 70% of the
nation’s annual rainfall. The 2014 was 12% below normal, affecting grain
production, so the concern is that another deficient monsoon could further
impact grain production.
The USDA estimates rice production for the 2014/15 marketing
year (October to September) to be 102.5 million tons, down from 106.54 million
tons the previous year. This decline in production is forecast to reduce
carryover stocks and exports. The USDA Post forecasts 2015/16 rice exports to
decline to 8.5 million tons from 10.2 million tons in 2014/15. India is
also expected to be a net importer of wheat this year as untimely rains in
March and April of this year damaged production.
Cuba
Rice Crop is Fac
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