Nepal Plans to Launch Three-Year
Paddy Mission to Boost Production, Cut Down Imports
Jun 19, 2015
The government of Nepal plans to
launch the first paddy mission from the fiscal year 2015-16 (August 2015 – July
2016) to boost output and help the country become self-sufficient in rice
production, according to local sources.A three-year time frame has been set to
implement the mission in about 670,000 hectares in 13 Tarai districts. The
total planned area will be divided into five cluster areas—Jhapa, Sunsari and
Morang; Bara, Sarlahi and Parsa; Rupandehi and Kapilvastu; Dang, Banke and
Bardia and Kailali Kanchanpur.
The government aims to increase the
average yield to around 3.43 tons per hectare in the first year (i.e, 2015-16)
from the current 3.17 tons, and further increase to 3.57 tons per hectare and
3.66 tons per hectare in the subsequent two years respectively. It also aims to
increase the paddy output from the current 4.78 million tons to around 4.94
million tons, 5.22 million tons and 5.4 million tons respectively in the three
years.The Nepalese government is planning to reduce the imports to around
277,000 tons in the first year, 96,000 in the second year and become
self-reliant in rice or be able to export about 10,000 tons of rice in the
third year. Currently, Nepal currently imports about 530,000 tons of rice
annually.
It has allocated around Rs.100
million (around $983,478) for the three-year project, but the actual
requirement for the project has to be assessed, the Assistant Spokesperson of
the Ministry of Agricultural Development was quoted. He noted that the targets
are not too ambitious and can be achieved. He added that the government is also
planning to launch “chaite dhan” scheme under which it would plant paddy from
mid-March to mid-April, in areas where there are irrigation facilities.
The official also noted that the government would support farmers by
providing improved varieties of paddy seeds and subsidies on farm machinery,
irrigation and other tools in the selected areas. It would also train farmers
in these areas.The Agriculture Ministry estimates Paddy production in 2014-15
to decline about 5.71% to around 4.78 million tons from around 5.04 million
tons in 2013-14 due to a late monsoon and untimely rainfall.USDA estimates
Nepal’s MY 2014-15 (October 2014 – September 2015) paddy rice production to
decline to about 4.655 million tons (around 3.1 million tons, basis milled)
from an estimated 5 million tons (around 3.36 million tons, basis milled) in MY
2013-14. It estimates Nepal to import around 350,000 tons of rice in 2015.
Pakistan Rice Exports Continue
to Decline for Second Consecutive Month in May 2015
Jun 19, 2015
Pakistan's total exports declined
sharply in May 2015, continuing to decline for the second consecutive month
after increasing about 33% m/m in March 2015.Pakistan exported around 263,044
tons of rice (including basmati and non-basmati) in May 2015, down about 27%
from around 360,446 tons exported in April 2015, according to provisional data
from the Pakistan Bureau of Statistics (PBS). In terms of value, Pakistan's
rice export earnings declined about 16% to around $152 million in May 2015 from
around $180 million earned in April 2015.Year-on-year, Pakistan’s exports
increased about 11% from around 236,843 tons exported in May 2014. In terms of
value, they declined about 7% from around $163 million in May 2014.
Pakistan exported around 30,944 tons
of basmati rice in May 2015, down about 10% from around 34,568 tons exported in
April 2015, and down about 57% from around 72,573 tons exported in May 2014. In
terms of value, Pakistan's basmati rice exports earned $38.3 million in May
2015, down about 10% from around $42.5 million earned in April 2015, and down
about 57% from around $88 million earned in May 2014.Pakistan exported around
232,100 tons of non-basmati rice in May 2015, down about 29% from around
325,878 tons exported in May 2015 and up about 41% from around 164,270 tons in
May 2014. In terms of value, Pakistan's non-basmati rice exports earned $114
million in May 2015, down about 17% from around $137.5 million earned in April
2015, and up about 53% from around $74.63 million earned in May 2014.
Pakistan has exported around 3.71
million tons of rice (around 458,995 tons of basmati and around 3.25 million
tons of non-basmati) in the first eleven months of FY 2014-15 (July 2014 - June
2015), up about 6% from around 3.49 million tons (around 613,655 tons of
basmati and around 2.88 million tons of non-basmati) exported during the same
period in FY 2013-14. In terms of value, Pakistan's exports earned around
$1,902 million (around $487 million from basmati and around $1,415 million from
non-basmati) in July 2014 - May 2015, down about 5.5% from around $2,013
million (around $703 million from basmati and around $1,310 million from
non-basmati) earned during the same period in 2013-14.
Oryza Afternoon Recap - Chicago
Rough Rice Futures End Week on Bearish Note as Negative Grains Exert Downward
Pressure
Jun 19, 2015
Chicago rough rice futures for Jul
delivery settled 9.5 cents per cwt (about $2 per ton) higher at $9.720 per cwt
(about $214 per ton). Rough rice futures erased yesterday’s gains and once
again moved lower, adding to losses sustained earlier in the week. The market
remains range bound and will technically remain so until either support at
$9.400 per cwt (about $207 per ton) is breached or resistance at $10.000 per
cwt (about $220 per ton) is taken out. The other grains finished the day mostly
lower, with wheat being the only contract to manage to finish with a slight
gain; Soybeans closed about 0.6% lower at $9.7150 per bushel; wheat finished
about 0.1% higher at $4.8850 per bushel, and corn finished the day about 1.3%
lower at $3.5325 per bushel.U.S. stocks traded mildly lower on Friday following
the Nasdaq's record close as investors eyed developments in the Greece debt
talks.
At an emergency summit on Monday,
euro zone officials are expected to discuss how to handle a Greek default if no
new Greek reform proposals arrive, Reuters reported. Athens has said without
further aid, it will be unable to make a 1.5 billion euro ($1.7 billion) debt
payment to the International Monetary Fund due on June 30. Meanwhile, large
deposit outflows from Greece have raised concerns that Athens may have to
implement capital controls. The European Central Bank expanded emergency
funding for Greek banks as savers pulled out 1.2 billion euros in a single day
on Friday, bankers said in a Reuters report, but Prime Minister Alexis Tsipras
insisted the nation's future in the euro was secure. Friday also marks
quarterly expirations, which will likely add some volatility. The major
averages remain on track for weekly gains of about 1% or more. The Dow Jones
Industrial Average traded down 57 points or 0.31%, at 18,058. The S&P 500
traded down 7 points, or 0.33%, at 2,114, with energy leading seven sectors
lower and health care leading advancers. The Nasdaq traded down 17 points, or
0.30%, at 5,119. Gold is trading nearly flat, crude oil is seen trading about
2.1% lower, and the U.S. dollar is seen trading at about even at about
1:00pm Chicago time.Thursday, there were 1,632 contracts traded, down from
2,137 contracts traded on Wednesday. Open interest – the number of contracts
outstanding – on Thursday decreased by 331 contracts to 10,453.
Government of Thailand Expects
Domestic Paddy Prices to Increase About 10% Due to Drought
Jun 19, 2015
The domestic prices of paddy are
expected to increase by about 10% to 8,500 baht per ton (around $253) due to
lesser supplies from the main crop as well as potential impact of the El Nino,
Bloomberg quoted the Deputy Secretary General of the Office of Agricultural
Economics (OAE).The OAE is reportedly expecting the paddy output from the 2015
main crop (which accounts for about 70% of the total output) may drop by
600,000 tons or about 2% to around 26.5 million tons, from around 27.1 million
tons from last year. The government has been instructing famers in 22 provinces
of the Central region to delay planting until July for the main rice crop due
to lesser water levels in the reservoirs of the Cho Phraya river basin. It has
decided to cut water supplies to more than half of the rice land in the region.Of
the 1.184 million hectares of rice land in the region, about note that about 4
million rai (around 640,000 hectares) is reportedly unaffected by the reduction
in water supplies.
However, farmers in the affected
regions are not happy with the government's instructions since some of them had
already invested in land preparation and other initial work. The Leader of the
Farmers Association noted that since agriculture is livelihood for many of the
farmers. He demanded a compensation of about 3,000 baht per rai (around $557
per hectare) for farmers in the affected 22 provinces, as well as a three-year
debt moratorium including interest as farmers will not be able to earn
sufficiently if they are not allowed to grow crops.Some farmers are also
planning to go ahead with their plans and take a risk.USDA estimates Thailand
to produce 28.4 million tons of paddy rice (around 18.75 million tons, milled
basis) and export around 11 million tons of rice in MY 2014-15 (January -
December 2015).
Myanmar Confirms Adequate
Domestic Rice Stocks Amid Rising Prices
Jun 19, 2015
The Myanmar Rice Federation (MRF)
has confirmed today that the country has sufficient rice stocks to meet the
local demand and the rising rice prices are not because of shortage of stocks,
Xinhua News Agency quoted a semi-official media report.The MRF stated that the
recent increase in local rice prices is due to increased exports and
appreciation of the U.S. dollar against the kyat. It also ruled out market
reports that rice prices would continue to increase till the monsoon paddy
harvest. It noted that domestic prices have peaked and are likely to reverse
shortly.
Despite increasing exports, about
half of the rice produced last year is still in stocks as part of strategic
reserve to meet domestic consumption, the Federation quoted a regional farmers'
association as saying.Myanmar exported around 1.8 million tons of rice in MY
2014-15. Last month, the Federation expressed confidence that the country would
export about 2 million tons of rice in the fiscal year 2015-16 (April - March)
due to increasing demand from China, Africa and Europe.
It noted that especially cross
border rice exports to China, which slowed down between August 2014 to February
2015 due to lack of a proper trade agreement between the two countries have
reportedly resumed again following the signing of a Memorandum of Understanding
(MOU) between the MRF and China's COFCO to export 100,000 tons this year.
Around 4,000 tons of rice is reportedly being exported to China currently
through borders every day.According to the UN's Food and Agriculture
Organization (FAO), the domestic prices of most commonly used Emata rice have
increased about 33% since November 2014. In June 2015, they are recorded at
around 446,010 kyat (around $400) per ton, up about 17% from their year ago
levels.USDA estimates Myanmar to export around 1.85 million tons of rice in
2015. Export prices of Myanmar 5% rice currently stand at around $420 per ton.
Oryza Weekly: Increased Demand
from Philippines, On El Niño Concerns, May Push Up Global Rice Prices
Jun 19, 2015
The Oryza White Rice Index (WRI), a weighted average of global white rice
export quotes, ended the week at about $398 per ton, down about $5 per ton from
a week ago, down about $8 per ton from a month ago and down about $62 per ton
from a year ago.
The USDA forecasts 2015-16 global milled rice production to reach a record
high of 481.7 million tons due to higher acreage (a record 161.8 million
hectares). The USDA forecasts global rice trade to decline in 2016 to
about 42.4 million tons, down about 2% from 2015.
The National Food Authority Council of the Philippines has decided to import 100,000 tons
of 25% long-grain white rice from Vietnam at a higher price than its reference
prices of $408.14 after receiving higher bids twice in the June 16 G2G tender.
The tender was originally planned for 250,000 tons and the NFA imported 150,000
tons of rice from Vietnam under government-to-government (G2G) tender.
The NFA has approved private traders to import up to 805,200 tons of 25%
well-milled rice under the WTO minimum access volume to maintain buffer stocks
and avoid potential price spikes amid fears of an impending El Nino weather
pattern.
The agency is authorized to import another 250,000 tons if the El Nino
weather pattern intensifies.
A high demand from the Philippines is expected to push up the global rice
prices, which have been subdued since the beginning of this year due to
increased supplies and lower demand.
Thailand
Thailand 5% broken rice is today shown at about $365 per ton, up about $5
per ton from a week ago, down about $10 per ton from a month ago and down about
$20 per ton from a year ago.
Thailand’s Public Warehouse Organization (PWO) has declared about 650,000
tons of rice as rotten, which is not fit for human and animal consumption or
for ethanol production. The rice can, however, be used as fuel in
electricity generation.
Domestic paddy prices are expected to increase by about 10% to 8,500 baht per
ton (around $253) due to reduced supplies from the main crop as well as
potential impact of the El Nino, Bloomberg quoted the Deputy Secretary General
of the Office of Agricultural Economics (OAE) as saying. The OAE is reportedly
expecting the paddy output from the 2015 main crop (which accounts for about
70% of the total output) to drop by 600,000 tons or about 2% to around 26.5
million tons, from around 27.1 million tons from last year. The government has
been instructing famers in 22 provinces of the Central region to delay planting
until July for the main rice crop due to lesser water levels in the reservoirs
of the Cho Phraya river basin. It has decided to cut water supplies to more
than half of the rice land in the region.
Thailand’s third auction for about 1.06 million tons of rice this year has
attracted less interest than the first two auctions.
India
India 5% broken rice is today shown at about $370 per ton, down about $10
per ton from a week ago, down about $5 per ton from month ago, and down about
$70 per ton from a year ago.
Planting for India 2015-16 Kharif (main) rice crop (June - December) which
began on May 8, 2015 is picking up fast and stands at around 833,000 hectares
as of June 19, 2015; up about 1.6% from around 820,000 hectares planted during
the same period last year, and up about 77% from last week’s 471,000 hectares,
according to preliminary data released by the Indian Agriculture Ministry.
According to Bloomberg, India received 11% above normal rainfall as on June
17, providing required support to the kharif rice and other crop plantings.
The government of India approved a proposal to raise the minimum support
price of paddy for the 2015-16 kharif marketing season. The new price is
about 3.6% higher, bringing it to about $220 per ton.
Vietnam
Vietnam 5% broken rice is today shown at about $350 per ton, down about $5
per ton from a week and a month ago and down about $50 per ton from a year ago.
In the period January 1-June 11, Vietnam exported about 2.123 million tons
of rice, down about 29.6% from the first half of 2014. Average rice
export price so far this year stands at around $421 per ton (FOB), down about
2.3% per ton from the same time last year.
Pakistan
Pakistan 5% broken rice is today shown at about $380 per ton, down about $5
per ton from a week ago, down about $20 per ton from a month ago and down about
$65 per ton from a year ago.
Pakistan has exported around 3.71 million tons of rice (around 458,995 tons
of basmati and around 3.25 million tons of non-basmati) in the first eleven
months of FY 2014-15 (July 2014 - June 2015), up about 6% from around 3.49
million tons (around 613,655 tons of basmati and around 2.88 million tons of
non-basmati) exported during the same period in FY 2013-14.
The Rice Dealers Association in Pakistan is urging the government to revive
the Rice Board in order to address various problems faced by the country’s rice
sector. The Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
has also urged the government to set up a rice development board, which can
address all the issues related to the rice sector
The government of Pakistan is planning to enact a Geographical Indication
Law (GI Law) to bring international distinction to indigenous Pakistan
products, including basmati rice.
Central & South America
Brazil 5% broken rice is today shown at about $550 per ton, unchanged from
a week and a month ago and down about $115 per ton from a year ago.
Brazil’s Conab has forecasted the country’s 2014-15 paddy rice production
at around 12.544 million tons, up about 3.5% from 2013-14.
The Brazilian paddy rice index maintained by CEPEA reached around 33.71
real per 50 kilograms as of June 15, 2015, up about 1.6% from around 33.18 real
per 50 kilograms recorded on June 8, 2015.
In terms of USD per ton, the index reached around $217 per ton on June 15,
2015, up about 2% from around $213 per ton recorded on June 8, 2015.
The government of Guyana is preparing for bilateral talks with the government of Venezuela to
extend the oil-for-rice PetroCaribe deal, which will expire this year.
Under this deal, Venezuela buys rice from Guyana and sells oil to Guyana.
Five percent broken rice from Uruguay and Argentina is today shown at about
$565 per ton, unchanged from a week and a month ago, and down about $60 per ton
from a year ago.
U.S.
U.S. 4% broken rice is today shown at about $455 per ton, down about $15
per ton from a week ago, down about $20 per ton from a month ago and down
about $125 per ton from a year ago.
Other Markets
The European
Union is considering importing aromatic rice from Myanmar as the demand for
aromatic rice in the region is increasing.
The European Farmers’ Union COPA is opposing a mid-term review of the
current EU Common Agricultural Policy, which was approved in 2014 and is valid
until 2020.
The Myanmar Rice Federation (MRF) has
confirmed that the country has sufficient rice stocks to meet the local demand
and the rising rice prices are not because of shortage of stocks. The recent
increase in local rice prices is attributed to increased exports and
appreciation of the U.S. dollar against the kyat.
Iraq has invited international tenders to purchase about 30,000 tons of rice
from the U.S., Uruguay, Argentina, Brazil, and India, with bids due June 28.
The government of Indonesia aims to procure 2 million tons of rice from local farmers during the dry
season (June-mid-December). It has issued a new regulation on basic commodities
prices, which allows the government to anticipate price hikes of certain
commodities such as rice, whose prices peak during the festive seasons
The government of China is taking steps to enhance its grain storage capacity to about 95% of the
total grain output by 2020 in order to ensure grain supply and safety.
North Korea is experiencing its worst drought conditions in a century and about 30% of
its paddy rice acreage has dried up as a result. Representatives from the UN's
Food and Agricultural Organization (FAO) who visited North Korea to assess the
impact of a reported drought on the country's crop production estimated the
country's 2015 paddy production to decline about 12% to around 2.3 million tons
from around 2.6 million tons in 2014.
The boro paddy and rice (January-May) procurement drive in Bangladesh has not provided the expected
respite to farmers in terms of prices. The government is reportedly
procuring milled rice from millers rather than paddy from farmers. It has
already procured around 313,000 tons of milled rice from the millers. Due to
this stance by the government, farmers are at a loss as they are not receiving
the government set price of $283 per ton, and are forced to sell to millers and
traders at much lower prices. Traders and miller s on the other hand are not
offering decent prices to farmers as the market is flooded with low quality
rice imports from India.
The government of Nepal has planned to launch the first paddy mission from the fiscal year 2015-16
(August 2015 – July 2016) to boost output and help the country become
self-sufficient in rice production and cut down imports.
The UN’s FAO estimates Madagascar’s 2015 paddy rice production will be below-average due to erratic rainfall
and dry conditions.
The UN’s FAO has agreed to support the rice sector in Zambia under its technical cooperation
program.
Government of Pakistan Urged to
Set Up Rice Development Board; May Enact GI Law Soon
Jun 19, 2015
The Federation of Pakistan Chambers
of Commerce and Industry (FPCCI) has urged the government to set up a rice
development board, which can address all the issues related to the rice sector,
according to local sources.In a letter to the Commerce Minister and the Food
Security and Research Minister, the FPCCI Senior Vice President noted that
setting up a rice development board would help promote different rice varieties
as well as focus on increasing rice exports, which have in the recent years
stagnates due to lack of research and development. He emphasized on the need
for developing new rice varieties that provide higher yield at low costs and
are more acceptable in the global market. "Competitors had come up with
such products due to market-oriented and demand-driven research in consultation
with all stakeholders," he reportedly added.
Pakistan has exported around 3.45
million tons of rice (around 428,051 tons of basmati and around 3.02 million
tons of non-basmati) in the first ten months of FY 2014-15 (July 2014 - June
2015), up about 6% from around 3.25 million tons (around 601,273 tons of
basmati and around 2.71 million tons of non-basmati) exported during the same
period in FY 2013-14.Separately, the Commerce Minister told local sources that
the government is planning to enact a Geographical Indication Law (GI Law) to
bring international distinction to indigenous Pakistan products, including
basmati rice.
He noted that the Ministry of
Commerce has been instructed to coordinate with the concerned stakeholders of
the intellectual property organisation Pakistan, ministry of national food
security and research, concerned provincial departments and private sector.The
Minister added that the government has been under pressure from the basmati
growers and exporters to enact GI law as it would help get a premium to
Pakistan basmati rice. A GI law would also help Pakistan file such applications
in other countries to protects its products in those countries.Geographical
Indications associate certain product to a specific location, thus identifying
its originality and uniqueness. Such an indication to any product distinguishes
it from the rest of same kind thus bringing premium to its price.
Monsoon Rains Boost India
2015-16 Main Paddy Rice Sowing
Jun 19, 2015
Planting for India 2015-16 Kharif
(main) rice crop (June - December) which began on May 8, 2015 is picking up
fast and stands at around 833,000 hectares as of June 19, 2015; up about 1.6%
from around 820,000 hectares planted during the same period last year, and up
about 77% from last week’s 471,000 hectares, according to preliminary data
released by the Indian Agriculture Ministry.According to Bloomberg, India
received 11% above normal rainfall as on June 17, providing required support to
the kharif rice and other crop plantings.
A likely drought-inducing El Nino
this year is expected to lower production prospects this year. In its second
forecast for 2015, the India Meteorological Department (IMD) has lowered its
estimate for this year's monsoon rains to 88% of normal, from a previous
estimate of 93% due to reports of a strengthening El Nino. It is expecting
rainfall to be 85% of the normal in the states of Haryana, Punjab, Rajasthan
and Uttar Pradesh. The IMD expects the El Nino pattern to reach to moderate to
a strong one during the monsoon season (June – September).The government of
India, in its third advance estimates for major crops, has estimated India's
rice production for 2014-15 marketing year (October 2014 - September 2015) at
around 102.54 million tons, down about 4% from an estimated 106.65 million tons
in 2013-14, according to a statement from the agriculture Ministry.The total
Kharif crop sown area stands at 9.16 million hectares as on June 19, 2015, down
about 7% from around 9.89 million hectares during the same period last year,
according to the Agriculture Ministry.
Philippines Decides to Import
100,000 Tons of Rice from Vietnam
Jun 18, 2015
The National Food Authority (NFA)
Council has decided to import 100,000 tons of 25% long-grain white rice, part
of June 5 tender to import 250,000 tons, from Vietnam at its revised offer of
$416.85 per ton, local sources quoted the Philippine News Agency.The NFA
initially sought to import 250,000 tons of rice in a government-to-government
(G2G) tender on June 5 to maintain adequate stocks during the lean season (July
- September). It invited Thailand, Vietnam and Cambodia with which it has
import agreements. However, it imported only 150,000 tons from Vietnam at $410
per ton from Vietnam.
It re-invited bids from the three
governments for the remaining 100,000 tons on June 16. But all the three bids
were much higher than its reference price of $408.14 per ton. Therefore, they
were asked to revise the bids. While Thailand backed out, Vietnam's bid at $416
per ton and Cambodia's bid at $455 were again higher than the reference price.The
NFA referred the matter to the NFA Council to decide whether it can import rice
at the lowest bid, which is from Vietnam.Now, the NFA imported all the 250,000
tons from Vietnam at an average price of $412.81. The NFA Administrator noted
that they want the rice to be delivered by July 1, that is before the beginning
of lean months.
The NFA is in a hurry to complete import arrangements as it is mandated to
maintain a 30-day buffer stock during the lean season. The NFA currently holds
a buffer stock of 750,000 tons of rice, which is expected to last only for 24
days.The Philippines imported 750,000 tons of rice (550,000 tons from Vietnam
and 200,000 tons from Thailand) so far this year. Earlier this week, the NFA
invited private traders to import up to 805,200 tons of rice under the WTO's
minimum access volume (MAV) quota at 35% tariff. It is also authorized to
import another 250,000 tons if the El Nino weather pattern intensifies. The
decision on this additional volume will be decided next month after assessing
the impact of El Nino on the paddy production, according to the NFA Deputy
Administrator.Both FAO and USDA are estimating the Philippines to import 1.7
million tons of rice in 2015.
'Star Wars' Stormtroopers Help
Kids Plant Rice
Jun 19, 2015
Young school children in Japan witnessed a special treat when they recently
began planting rice for their rice paddy art projects: Imperial Stormtroopers
from Star Wars were in attendance to make sure everything went
smoothly. Who knew Stormtroopers could be so helpful in the paddy
fields?
The event was a promotion for the new movie in the franchise, Star
Wars: Episode VII The Force Awakens, due out later this year.
Image source: Cinema Today
Thailand, Pakistan Rice Sellers
Increase Some of Their Quotes; Other Asia rice Quotes Unchanged Today
Jun 19, 2015
Thailand rice sellers increased their quotes for 100% broken variety by
about $5 per ton to around $370-$380 per ton today. Pakistan rice sellers
increased their quotes for 25% broken rice and 100% broken rice by about $10
per ton and $5 per ton to around $345-$355 per ton and $300-$310 per ton,
respectively. Other Asia rice sellers kept their quotes mostly unchanged
today.
5% Broken Rice
Thailand 5% rice is indicated at around $350 - $360 per ton, about a $5 per
ton premium on Vietnam 5% rice shown at around $345 - $355 per ton. India
5% rice is indicated at around $365 - $375 per ton, about $15 per ton
discount to Pakistan 5% rice shown at around $380 - $390 per ton.
25% Broken Rice
Thailand 25% rice is shown at around $340 - $350 per ton, about a $15 per
ton premium on Vietnam 25% rice shown at around $325- $335 per ton. India
25% rice is indicated at around $350 - $360, about $5 per ton premium on
Pakistan 25% rice shown at around $345 - $355per ton, up about a $10 per ton
from yesterday.
Parboiled Rice
Thailand parboiled rice is indicated at around $360 - $370 per ton. India
parboiled rice is indicated at around $360 - $370 per ton, about a $40 per ton
discount to Pakistan parboiled rice shown at around $400 - $410 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is indicated at around $315 - $325 per ton,
about $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 $280 - $290 per ton,
about a $20 per ton discount to Pakistan broken sortexed rice shown at
around $300 - $310 per ton, up about a $5 per ton from yesterday.
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