Thursday, June 11, 2015

11th June (Thursday),2015 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

Argentina Exports 92,512 Tons of Rice in First Three Months of 2015; Down 25% from Previous Year

Jun 10, 2015
Argentina has exported around 92,512 tons in the first three months of 2015 (January - March) down about 25% from around 123,882 tons exported during the same period in 2014, according to data from the Ministry of Agriculture in Argentina.  In March 2015, Argentina exported around 37,589 tons of rice, down about 11% from around 42,161 tons in February 2015 and down about 26% from around 50,542 tons exported in March 2014.Argentina exported around 29,067 tons of rice to Cuba (about 77% of total March 2015 exports), around 3,354 tons of rice to Chile (about 9% of March 2015 exports), around 2,252 tons of rice to Bolivia (about 6% of March 2015 exports), and around 1,291 tons of rice to Brazil (about 3% of March 2015 exports) in March 2015. It exported the remaining 4% or around 1,625 tons of rice to Belgium (500 tons), Canada (259 tons), Denmark (61 tons), the U.S. (324 tons), Israel (92 tons), Nicaragua (360 tons) and Paraguay (29 tons) during the month.  
Global Rice Quotes

June 11th, 2015

Long grain white rice - high quality
Thailand 100% B grade   365-375                ↔
Vietnam 5% broken        350-360                ↔
India 5% broken               375-385                ↔
Pakistan 5% broken        380-390                ↓
Myanmar 5% broken      415-425                ↔
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      340-350                ↔
Vietnam 25% broken      330-340                ↔
Pakistan 25% broken      335-345                ↓
Cambodia 25% broken   410-420                ↔
India 25% broken             360-370                ↔
U.S. 15% broken               455-465                ↔

Long grain parboiled rice
Thailand parboiled 100% stxd     360-370                ↔
Pakistan parboiled 5% broken stxd          410-420                ↔
India parboiled 5% broken stxd                 355-365                ↔
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%   840-850                ↔
Vietnam Jasmine             475-485                ↔
India basmati 2% broken              NQ         ↔
Pakistan basmati 2% broken       NQ         ↔
Cambodia Phka Mails     820-830                ↔

Brokens
Thailand A1 Super            315-325                ↔
Vietnam 100% broken   315-325                ↔
Pakistan 100% broken stxd          295-305                ↔
Cambodia A1 Super        350-360                ↔
India 100% broken stxd                 280-290                ↔
Egypt medium grain brokens      NQ         ↔
U.S. pet food     365-375                ↔
Brazil half grain NQ         ↔
All prices USD per ton, FOB vessel, oryza.com

Description: Description: Description: http://oryza.com/sites/default/files/field/image/150610brazilconabstocks.jpgBrazil Rice Stocks Stand at 128,119 Tons in May 2015; Down 4% m/m and 77% y/y

Jun 10, 2015

Brazil rice stocks stood at around 128,119 tons in May 2015, down about 4% from around 134,126 tons in April 2015 and down about 77% from around 554,554 tons in May 2014, according to the country's national grain supplying agency Conab.According to Conab, rice stocks with the Selling Option Contract of Agricultural Products (OPCAO) have declined to around 75,732 tons, down about 7% from last month's level of around 81,570 tons and down about 78% from around 342,502 tons in May 2014. Rice stocks with Federal Government Acquisition (AGF) remained at last month's level of 52,213 tons and down about 75% from around 211,230 tons in May 2014. Rice stocks with farmers (Agricultural Familiar) stood at around 174 tons in May 2015, down 49% from around 343 tons in April 2015 and down about 79% from around 822 tons in May 2014.
In May 2015, Brazil’s National Grains Supply Company (Conab) has forecasted the country's 2014-15 paddy rice production at around 12.399 million tons (around 8.43 million tons, basis milled), up about 2% from around 12.121 million tons (around 8.24 million tons, basis milled) in 2013-14, and slightly up from its April forecast of around 12.397 million tons.

Brazil Exports 482,926 Tons of Rice in First Five Months of 2015

Jun 10, 2015
Description: Description: Description: http://oryza.com/sites/default/files/field/image/150610brazilriceexp.jpgBrazil has exported around 482,926 tons of rice in the first five months (January – May) of 2015, according to data released by the Rice Institute of Rio Grande do Sul (IRGA).In May 2015, Brazil exported around 171,567 tons of rice, about 3.5 times more than  48,980 tons exported in April 2015.Cuba remained the largest importer of Brazilian rice in May 2015 with around 85,294 tons, or about 50% of Brazil's total rice exports during the month. Sierra Leone accounted for around 28,235 tons (about 16% of Brazil's total exports during the month); Switzerland accounted for around 14,559 tons (about 8.5% of Brazil's total exports during the month); Gambia accounted for 11,765 tons (about 7% of Brazil's total exports during the month); and Peru accounted for around 8,566 tons (about 5% of Brazil's total exports during the month).Senegal (5,147 tons), Bolivia (1,812 tons), U.S.  (1,977 tons), Saudi Arabia (3,305 ton), Cape Verde (2,280 tons), Trinidad Tobago (1 ton), Costa Rica (368 tons), Chile (768 tons), Angola (1,215 tons), Panama (221 tons), Belgium (368 tons), Canada (73 tons), South Africa (74 tons) and others (5,549 tons) accounted for the remaining 13% of Brazil's total rice exports in May 2015.Brazil exported around 1.24 million tons of rice in 2014, up about 2.4% from around 1.209 million tons exported in 2013, according to data from IRGA.

India Rice Stocks in Central Pool Stand at 22.485 Million Tons as of June 1, 2015; Down 20% from Last Year

Jun 10, 2015
India’s rice stocks in the central pool as of June 1, 2015 stood at around 22.485 million tons (including a milled equivalent of about 9.234 million tons of paddy), down about 20% from around 28.03 million tons recorded during the same period last year, according to data from the Food Corporation of India (FCI).Month-over-month, India's rice stocks in the central pool are slightly up from around 22.23 million tons recorded on May 1, 2015. However, current rice stocks are about 84% more than the required buffer and strategic reserve norms of around 12.2 million tons for this time of the year, according to the FCI.

Total food grain stocks (including rice and wheat) in the central pool stand at around 63.02 million tons as of June 1, 2015, down about 11% from last year's stock of around 70.805 million tons and up about 11% from last month's stock of around 56.586 million tons. Wheat stocks stand at around 40.351 million tons, down about 3% from last year's stock of around 41.586 million tons and up about 18% from last month's stock of around 34.127 million tons.The government of India had revised the buffer norms for food grains, including rice, in the Central Pool in January this year. According to the new norms, buffer stocks for food grains to be maintained with the FCI at this part of the year is 21.04 million tons. Current norms are 21.2 million tons.

Oryza Afternoon Recap - Chicago Rough Rice Futures Dragged Down as Bearish Wheat S&D Report Sends Grain Complex Lower

Jun 10, 2015
rice futures for Jul delivery settled 11 cents per cwt (about $2 per ton) lower at $9.870 per cwt (about $218 per ton). The other grains closed lower as wheat dragged the complex lower in response to a bearish USDA S&D report; Soybeans closed about 0.2% lower at $9.4950 per bushel; wheat finished about 3.5% lower at $5.1350 per bushel, and corn finished the day about 2.1% lower at $3.5725 per bushel.U.S. stocks traded 1% higher on Wednesday in light volume as the rise in yields on signs of global economic growth encouraged investors, amid encouraging reports on Greece. The Dow Jones industrial average extended gains to trade 250 points higher as traders cheered a Bloomberg report that Germany is said to consider offering Greek Prime Minister Alexis Tsipras aid in return for committing to one economic reform, sources familiar with Germany's position told the news service.
In response, a government spokesman told Reuters that Germany will only accept a deal between Athens and its creditors if it has the approval of all three lending operations. Traders also noted short covering in Wednesday's broad-based stock rally, which sent the Dow as much as 280 points higher. In economic news, total weekly mortgage applications, showed an 8.4% jump on a seasonally adjusted basis as buyers rushed to get mortgages ahead of rising rates. The Dow Jones industrial average hasn't closed above the psychologically key level of 18,000 for the last four trading sessions. The S&P has held within a range between 2,070 and 2,130 since early May. The Dow Jones Industrial Average traded up 255 points, or 1.44%, at 18,019. The S&P 500 traded up 26 points, or 1.29%, at 2,106, with information technology leading all 10 sectors higher. The Nasdaq traded up 67 points, or 1.36%, at 5,081. Gold is trading about 0.7% higher, crude oil is seen trading about 1% higher, and the U.S. dollar is seen trading about 0.5% lower at about  1:00pm Chicago time.Tuesday, there were 948 contracts traded, up from 506 contracts traded on Monday. Open interest – the number of contracts outstanding – on Tuesday increased by 272 contracts to 12,034.

Oryza Overnight Recap – Chicago Rough Rice Futures Little Changed ahead of USDA S&D Update

Jun 10, 2015
Chicago rough rice futures for Jul delivery are currently seen trading 0.5 cents per cwt (about $0.11 per ton) higher at $9.975 per cwt (about $220 per ton) during early floor trading in Chicago. The other grains are seen trading higher; soybeans are currently seen trading about 0.6% higher, wheat is listed about 0.7% higher and corn is currently noted about 0.3% higher.U.S. stock futures pointed to a slightly higher open for Wall Street shares on Wednesday, as focus once again turned to rising yields in government bond markets.
 The yield on the benchmark 10-year Treasury climbed to a new eight-month peak of around 2.47% in the European session, pulled higher as the German Bund yield pushed above the 1% psychological barrier. In morning London trade, stock futures for the Dow Jones industrial average, S&P 500 and Nasdaq all traded in positive territory. There is no significant economic data due this session.Total weekly mortgage application volume jumped 8.4% on a seasonally adjusted basis as buyers rushed to get mortgages ahead of rising rates.
U.S. stocks closed narrowly mixed on Tuesday as investors weighed a rise in U.S. bond yields following further signs of improvement in the jobs market that could encourage the Federal Reserve to raise rates sooner rather than later. Gold is currently trading about 1% higher, crude oil is seen trading about 2.4% higher,  and the U.S. dollar is currently trading about 0.6% lower at 8:30am Chicago time.

Oryza U.S. Rough Rice Recap - Market Shrugs off WASDE Report; Prices Hold Steady

Jun 10, 2015
The U.S. cash market was unchanged following today’s USDA WASDE report which was mostly a non-event, showing a slightly bearish outlook for U.S. long grain stocks and a more favorable outlook for global stocks.The USDA increased their old crop long grain ending stocks by 0.5 million cwts (22,680 tons) on account of increased long grain imports which in turn pegged ending stocks at 28.6 million cwts (1.30 million tons).As for new crop, the USDA left all of their production, usage, and export figures unchanged however they increased their long grain import figure by 0.5 million cwts (22,680 tons).
This is in turn put next year’s long grain ending stocks at 35.1 million cwts (1.59 million ton) or 6.5 million cwts (0.29 million tons) more than the 2014/2015 marketing year and 18.9 million cwts (0.86 million tons) more than the 2013/2014 marketing year. 

Pakistan Rice Sellers Lower Some of Their Quotes Today; Other Asia Rice Quotes Unchanged

Jun 10, 2015
Pakistan rice sellers lowered their quotes for 5% broken rice by about a $5 per ton to around $385 - $395 per ton today. Other Asia rice sellers kept their quotes mostly unchanged.                                                          
5% Broken Rice
Thailand 5% rice is indicated at around $355 - $365 per ton, about a $5 per ton premium on Vietnam 5% rice  shown at around $350 - $360 per ton. India 5% rice is indicated at around $375 - $385 per ton, about a $15 per ton discount to Pakistan 5% rice shown at around $385 - $395 per ton, down about a $5 per ton from yesterday.
25% Broken Rice
Thailand 25% rice is shown at around $340 - $350 per ton, about a $10 per ton premium on Vietnam 25% rice shown at around $330- $340 per ton. India 25% rice is indicated at around $360 - $370, about $10 per ton premium on Pakistan 25% rice shown at around $350 - $360 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $360 - $370 per ton. India parboiled rice is indicated at around $355 - $365 per ton, about a $55 per ton discount to Pakistan parboiled rice shown at around $410 - $420 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is indicated at around $315 - $325 per ton, on par with Vietnam 100% broken rice shown at around $315 - $325 per ton. India's 100% broken rice is shown at around $280 - $290 per ton, about a $15 per ton discount to  Pakistan broken sortexed rice shown at around $295 - $305 per ton.

Thailand Rice Exports Decline Sharply in April 2015

Jun 10, 2015
Thai rice exports declined sharply in April 2015 after increasing continuously for three months since the beginning of this year, according to data from Thai Rice Exporters Association (TREA). Thailand has exported around 700,011 tons of rice in April 2015, down about 11% from around 785,891 tons exported in March 2015, and down about 5% from around 737,648 tons exported in April 2014, according to TREA. The decline is attributed to falling global rice prices. Earlier, a TREA official noted that importers are holding their demand with an expectation of further fall in prices.
Description: Description: Description: http://oryza.com/sites/default/files/field/image/150610thairiceexports.jpgIn value terms, Thailand’s rice exports earned about $340.10 million from total rice exports in April 2015, down about 12% from around $384.9 million earned in March 2015, and down about 4% from around $353.7 million earned in April 2014.In April 2015, white rice exports accounted for around 301,843 tons (about 43% of total April 2015 exports), Hom Mali rice exports accounted for about 113,640 tons (about 16% of total April exports), brokens accounted for 86,030 tons (about 12.3% of total April 2015 exports), glutinous variety accounted for 12,756 tons (about 1.8% of total April 2015 exports), parboiled rice accounted for about 178,351 tons (about 25% of total April 2015 exports) and husked/brown rice accounted for about 7,391 tons (about 0.1% of total April 2015 exports).  
Average export prices of all varieties of rice except parboiled and husked rice have declined during the month. Average export prices of white rice witnessed the highest decline of about 26% month-on-month in April 2015, while average export prices of husked rice increased by about 23% month-on-month during the month.Thailand exported around 2.83 million tons of rice in the first four months of 2015, down about 4% from around 2.94 million tons exported during the same period last year. Thai government is keen on exporting over 10 million tons of rice this year.

Thailand Plans to Sell Stockpiled Rice to Low Income People

Jun 10, 2015

Description: Description: Description: http://oryza.com/sites/default/files/field/image/150610thairice.jpgThailand's National Council for Peace and Order (NCPO) has decided to sell stockpiled rice at affordable prices to low-income earners as part of efforts to clear the deteriorating government rice stocks as soon as possible, local sources quoted the NCPO spokesman.The NCPO spokesman told local sources that the decision had been taken at a joint meeting between the NCPO and the Cabinet on June 9 and state agencies have been instructed to arrange for sale of low quality rice at community cooperative shops and military camps accordingly.He noted that the program would be discussed with the Ministry of Agriculture and Cooperative as well as the Ministry of Interior on June 12. He added that initially the Commerce Ministry would be instructed to select quality grain from the government warehouses and the Ministry of Agriculture and Cooperative would take charge of processing and packaging the rice. The Ministry of Interior would be responsible for selling the packaged rice.The NCPO decision follows the Commerce Ministry decision on June 8 to sell stockpiled rice directly to consumers in small packs.The government currently has 16-17 million tons of rice in stocks and is keen on selling about 10 million tons of rice this year and about 7 million tons next year. It sold about 1.28 million tons of rice raising 15.85 billion baht (around $471 million) in two auctions this year.The Ministry is preparing to auction 1.06 million tons of rice on June 15. 

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