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
Brazil 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
Brazil 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.
In 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
Thailand'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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