Global Rice Quotes
Global Rice Quotes
June 3rd, 2015
|
Long grain white rice -
high quality
|
||
|
Thailand
100% B grade
|
375-385
|
↔
|
|
Vietnam
5% broken
|
350-360
|
↔
|
|
India
5% broken
|
375-385
|
↔
|
|
Pakistan
5% broken
|
385-395
|
↔
|
|
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
|
345-355
|
↔
|
|
Vietnam
25% broken
|
325-335
|
↔
|
|
Pakistan
25% broken
|
335-345
|
↔
|
|
Cambodia
25% broken
|
410-420
|
↔
|
|
India
25% broken
|
350-360
|
↔
|
|
U.S.
15% broken
|
455-465
|
↔
|
|
Long grain parboiled rice
|
||
|
Thailand
parboiled 100% stxd
|
365-375
|
↔
|
|
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%
|
845-855
|
↔
|
|
Vietnam
Jasmine
|
470-480
|
↔
|
|
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
|
305-315
|
↔
|
|
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
|
↔
|
|
Medium grain milled
|
||
|
U.S.
Calrose 4% broken
|
845-855
|
↔
|
|
Egypt
medium grain 6%
|
NQ
|
↔
|
All prices USD per ton,
FOB vessel, oryza.com
Myanmar Poses
Threat to Cambodian Rice Exports to European Union, Say Exporters
Jun
02, 2015
Cambodian rice exporters are expressing concern
that the country's rice exports to the European Union (EU) under the Everything
But Arms (EBA) agreement have been facing a stiff competition from Myanmar,
which also exports rice to the eU under the EBA agreement, according to local
sources. According to data from the European Commission (EC), Cambodia's
rice exports to the EU in the first eight months of the crop year 2014-15
(September - August) have declined about 1% to around 165,940 tons from around
167,660 tons during the same period last year.
On the other hand, Myanmar's rice exports to the
EU during the eight-month period increased about 81% to around 144,550 tons
from around 79,940 tons last year.Reacting to the EC data, some exporters noted
that Cambodia's rice exports to the EU may slow down due to a stiff competition
from Myanmar. The Vice-President of the Cambodia Rice Federation (CRF) told
local sources that the presence of Myanmar as a competitor cannot be ignored as
their rice cheaper than the Cambodian rice. He added that Cambodia should focus
more on fragrant rice exports to retain margins. “Myanmar and other major rice
exporters cannot produce fragrance rice as we do,” he said.Export prices of
Cambodia 5% broken rice currently stand at $435 per ton while those of Myanmar
5% broken rice stand at around $425 per ton.
The CRF Vice-President also noted that other
factor such as limited milling capacity and other infrastructural
inefficiencies also would have reduced Cambodia's rice exports to the
EU.Meanwhile, climate experts are expecting the impending El Nino over the next
two months to cause a severe drought in Cambodia affecting the country's 2015
rice production. A technical adviser with the Mekong River Commission noted
that satellite images suggest record drought conditions in Cambodia this year.
“A very large water deficit has already built up. This really is a very bad
time to start going into an even harsher drought event,” he said.
Last month, the UN's Food and Agriculture Organization (FAO) estimated
Cambodia's total paddy rice production in 2015 at around 9.3 million tons
(around 5.76 million tons, basis milled) assuming favorable weather
conditions.USDA estimates Cambodia MY 2014-15 (January 2015 - December 2015)
paddy rice production at around 7.344 million tons (around 4.7 million tons,
milled basis), slightly down from around 7.383 million tons (around 4.725
million tons, milled basis) in MY 2013-14. It estimates Cambodia to export
around 1.1 million tons of rice in 2015, up about 10% from an estimated 1
million tons in 2014.
Oryza Afternoon
Recap - Chicago Rough Rice Futures Continue to Move Higher as US Dollar
Weakness Provides Support to US Grain Prices; Wheat Sees Second Day of +3% Gain
Jun
02, 2015
Chicago rough rice futures for Jul delivery
settled 12.5 cents per cwt (about $3 per ton) higher at $9.775 per cwt (about
$215 per ton). The other grains finished the day sharply higher, led by a rally
in the wheat market; Soybeans closed about 1.6% higher at $9.4075 per bushel;
wheat finished about 3.8% higher at $5.1250 per bushel, and corn finished the
day about 1.9% higher at $3.5900 per bushel.U.S. stocks turned higher on
Tuesday, shaking off a decline in European equities, as investor optimism on
Greece increased. Stocks opened lower and recovered losses around noon following
the European close.
The German
DAX came off lows in the close to end about 0.9% lower. In the United States,
stock gains remained muted. The Dow Jones industrial average traded about 30
points higher after falling more than 100 points soon after the open. The U.S.
dollar fell more than 1.5% against major world currencies. Earlier, the
greenback hit a 13-year high against the yen. Factory orders for April showed a
decline of 0.4%. March's figure was increased to 2.2% from 2.1%.Aside from
factory orders and vehicle sales, Tuesday is a quiet day for economic data
ahead of a slew of releases in the next few days leading up to Friday's key
monthly jobs report. The Dow Jones Industrial Average traded up 36 points, or
0.20%, at 18,076. The S&P 500 traded up 4 points, or 0.20%, at 2,115, with
energy leading seven sectors higher and utilities the greatest laggard. The
Nasdaq traded up 13 points, or 0.26%, at 5,096. Gold is trading about 0.5%
higher, crude oil is seen trading about 1.8% higher, and the U.S. dollar is
seen trading about 1.6% lower at about 12:45pm Chicago time.Monday, there
were 1,052 contracts traded, down from 1,284 contracts traded on Friday. Open
interest – the number of contracts outstanding – on Monday increased by 244
contracts to 12,187.
Oryza U.S. Rough
Rice Recap - Prices Firm although Trade Enthusiasm is Limited
Jun
02, 2015
The U.S. cash market was firmer again today with
both offers and bids increasing with the futures market however neither buyers
are sellers were enthusiastic about trading these levels today.Analysts contend
that most farmers will rice left to sell will wait until the very end before
they sell at the current market price however some analysts warn that that
could be bearish for prices going into harvest if all those still holding on
dump their rice to make room for new crop
India Cuts Monsoon Forecast as Rajan Links Rates to Rainfall
June
2, 2015 — 3:36 AM EDT Updated on June 2, 2015 — 7:50 AM
EDT
The monsoon
rainfall in India will be deficient for a second straight year as the emergence
of an El Nino event threatens weather worldwide, potentially hurting
agriculture output and accelerating food inflation.The rainfall may be 88
percent of a 50-year average of 89 centimeters (35 inches) between June and
September, less than the 93 percent predicted in April, Earth Sciences Minister
Harsh Vardhan told reporters in New Delhi on Tuesday. The forecast came less
than two hours after central bank Governor Raghuram Rajan cut interest rates
and said further action will hinge on the monsoon rains.
Below-normal showers may fan prices of everything
from rice to lentils and vegetables in Asia’s third-largest economy, where food
costs account for almost 50 percent of the consumer price index. Rajan flagged
deficient precipitation as the biggest risk to the economy as agriculture
accounts for about 15 percent of India’s gross domestic product.“The forecast
is a cause of concern for the economy as inflation may again go up and a lower
interest rate regime, which the industry has been expecting, may not be
possible,” Harish Galipelli, head of commodities and currencies at Inditrade
Derivatives & Commodities Ltd., said by phone from Hyderabad. “There will
be an upside in prices of pulses, oilseeds and vegetables.”
Inflation Target
Rajan has cut interest rates three times this year as consumer prices held
below his 6 percent target for an eighth straight month. Prices are likely to
fall until August and then start rising to about 6 percent by January 2016,
higher than projections made in April, Rajan said on Tuesday.A normal monsoon rainfall is critical to Prime Minister Narendra Modi’s plan to accelerate economic growth in a country where smartphone makers to gold jewelry retailers derive the bulk of their sales from 833 million people living in villages who depend on farming. The monsoon rainfall waters more than half of India’s farmland.
The monsoon forecast has a margin of error of plus or minus 4 percent, Vardhan said. Multiple factors including emergence of the El Nino weather conditions are seen lowering rainfall, he said. The rains have yet to arrive over India’s southern region, missing the normal onset date of June 1.
El Nino Threat
Australia declared
an El Nino last month, joining weather agencies from the U.S. and Japan.
Forecasters worldwide are seeking to map the probable impact of the pattern
that can bake Asia, bring wetter weather to South America and crimp the
frequency of Atlantic hurricanes.Rain in July, the wettest month of the monsoon season, is seen at 92 percent of the average between 1951 and 2000, while August may record only 90 percent, the India Meteorological Department said in a statement. The prediction has a margin of error of plus or minus 9 percent, the agency said.
Northwest India, which includes cotton, rice and sugar cane growing states of Punjab, Haryana, Rajasthan and Uttar Pradesh, is forecast to get 85 percent of the average rainfall, the bureau said. While showers will be 90 percent of the average in central India, the main cotton and soybean regions, southern states of Karnataka, Kerala and Andhra Pradesh, the main producers of coffee, rice and rubber, may get 92 percent average precipitation, the bureau said.
Containing Prices
India, which gets more than 70 percent of its annual rainfall during the
monsoon season, will be able to contain price increases with better management
of its food economy and the slump in global commodity prices, Motilal Oswal,
chairman of Motilal Oswal Financial Services Ltd., said in an e-mailed
statement on Tuesday.Modi has taken short-term steps to control food prices during his first year in office. These include selling some of the nation’s wheat stocks on the open market, pushing states to let farmers sell fruits and vegetables directly to consumers, and capping growth of guaranteed prices for cereal crops.
“We expect food inflation by and large to remain better anchored unless the monsoon shortage turns out to be worse than current forecasts,” Siddhartha Sanyal and Rahul Bajoria, economists at Barclays Plc, said in a report e-mailed on Tuesday. “The government assures that it will remain active in managing food-stocks, if needed, to contain food inflation.”
There is no direct correlation between monsoon and El Ninos, according to data from the India Meteorological Department. Of the eight El Nino years since 1991, India recorded monsoon failures and drought situations only on two occasions, according to CRISIL Ltd.
The crops at most risk from a monsoon failure will be rice, cotton, soybeans and lentils. India’s food grain output including rice and wheat fell 5.3 percent to 251.1 million tons in 2014-15, when monsoon rainfall was 12 percent below average, according to the Farm Ministry.
South Korea Buys
10,000 Tons of Non-Glutinous Brown Rice from China in Tender
Jun
02, 2015
South Korea's state run Agro Fisheries & Food Trade Corporation (KAFTC) has
purchased 10,000 tons of non-glutinous brown rice of the Chinese origin for
delivery by October 15, 2015 at $860 per ton, according to a statement on its
website.KAFTC originally sought to purchase about 75,378 tons of non-glutinous rice via eight tenders for which the bidding took place on May 21, 2015. It announced results for 36,026 tons of non-glutinous brown rice via four tenders on May 27, 2015. It was supposed to announce the results for three tenders - 10,000 tons of non-glutinous short-grain brown rice, 9,000 tons 10,000 tons of non-glutinous medium-grain brown rice - after sample tests are complete, according to the website.
However, results of 29,352 tons of non-glutinous medium-grain brown rice via three tenders (19,352 tons of non-glutinous brown medium rice and 10,000 tons of non-glutinous milled medium grain rice) are not specified on the website.
Urbanization
Threatens Spectacular Cordillera Rice Terraces
Jun
02, 2015
Older generation rice farmers who cultivated rice
on these terraces protected their heritage by adopting organic farming methods
and avoiding pesticides and fertilizers. They showed a lot of care for limited
natural resources, according to the UNESCO.
However, the terraces are now dominated by
multi-storey concrete buidings, polluting diesel vehicles and other urbanized
farming methods. Indonesia earthworms, other worms and snails, which are fed to
crop as protein and are causing danger to the terraces, say local people. Some
terraces are collapsing, they say.Though locals as well as the provincial
authorities are keen on protecting the heritage of the rice terraces, they are
also wanting modern lifestyles. Remembering the good old days, some farmers say
life was getting simpler now with urbanization. They say selling their crop
output has become much easier now compared to earlier. Their children and grand
children are also getting better education facilities, they add.Conservation of
these terraces depends on the mindset of local people, say experts.
Government of
Guyana to Investigate into Administration of PetroCaribe Deal, Says National
Security Minister
Jun
02, 2015
The government of Guyana has begun investigating
into the administration of the PetroCaribe rice agreement, under which Guyana
imports oil from Venezuela and exports rice to the neighboring country, to find
any discrepancies or fraud, according to local sources.The National Security
Minister reportedly told in a televised program last weekend that there are
doubts over rampant fraud and corruption in transportation and shipping thereby
leading to higher shipping costs as well as high rice prices in the country.He
noted that investigation was going on and once it is complete, there is a scope
for prices of rice to come down.
Under the current PetroCaribe deal, Guyana will
supply about 210,000 tons of paddy and polished rice annually to Venezuela. The
deal has helped Guyana's rice industry develop significantly with increasing
production and exports. It has been providing higher prices compared to other
countries' offers. The deal also helped to achieve food security in the
Caribbean region.
Meanwhile the Guyana Rice Development Board
(GRDB) is trying to strike export deals with newer markets in Central America
and Africa apart from maintaining deals with existing markets.Guyana produced
around 633,000 tons of rice in 2014, up about 18% from around 535,212 tons from
2013; and exported around 501,208 tons of rice in 2014, up about 27% from
around 394,000 tons exported in 2013, according to the Agriculture Minister.
The Caribbean nation aims to produce about 618,000 tons of milled rice and
export around 521,000 tons in 2015.
Philippines
Agriculture Ministry Seeks Increased Budget for Rice Programs
Jun
02, 2015
The Department of Agriculture (DA) in the
Philippines is seeking to increase budget for the rice sector development to
around P11 billion (around $246 million) from next year from the current P6.6
billion (around $148 million) , according to local sources.The Department
reportedly aims to sustain growth momentum of the rice sector as well as
increase climate change adaptation and disaster-impact preparedness of the sector.
The DA Assistant Secretary for Field Operations
told local sources that increased budget will also help in achieving
self-sufficiency in rice production as well as increasing longer-term
investments in research and development and small-scale irrigation projects.The
current rice program focuses on increasing 2015 paddy rice production to around
20.09 million tons at a yield of 4.09 tons per hectare. However, the proposed
rice program from next year aims to increase the competitiveness of local rice
sector as well as the incomes of farmers. The Department is proposing to adopt
high-yield technology, high-quality seed assistance to adverse environments,
and disaster risk reduction and management for achieving the goals. It also
seeks to enhance training and irrigation network services to support farmers.
Meanwhile the National Food Authority (NFA) is
preparing for the onset of lean months from July to September. It is continuing
with paddy procurement from farmers and has procured around 1.593 million tons
of paddy as on May 26, over and above its procurement target of around 1.202
million tons. It noted that the selling prices of NFA rice will not be
increased in the near term.
The NFA has called for tenders from Thailand, Vietnam and Cambodia for
importing 250,000 tons of 25% broken well-milled long-grain rice on June 5. NFA
is authorized to import another 250,000 tons of rice if the drought-inducing El
Nino weather condition intensifies. The Philippines already imported 500,000 tons of rice from Vietnam and Thailand this year to curb price increases and boost buffer stocks. Last year, the South-east Asian nation imported more than 1.8 million tons of rice (including 1.5 million tons of 2014 imports and 300,000 tons of 2013 residual imports) to replenish rice stocks and control price hikes.
Oryza Overnight
Recap – Chicago Rough Rice Futures Little Changed Overnight Despite Robust
Showing in Neighboring Grain Pits as Dollar Strength Slows
Jun
02, 2015
Chicago rough rice futures for Jul delivery are
currently seen trading 0.5 cents per cwt (about $0.11 per ton) higher at $9.655
per cwt (about $213 per ton) ahead of floor trading in Chicago. The other
grains are seen trading higher; soybeans are currently seen trading about 1%
higher, wheat is listed about 1.4% higher and corn is currently noted about
0.7% higher.U.S. stock index 
futures pointed to a lower open on Tuesday
as investors awaited some minor data releases ahead of Friday's key jobs
report, amid continued concerns about Greece.
futures pointed to a lower open on Tuesday
as investors awaited some minor data releases ahead of Friday's key jobs
report, amid continued concerns about Greece.
Tuesday is a quiet day for U.S. data, with
factory orders for April at 10 a.m. ET and auto and truck sales for May, which
are released throughout the day. On Monday, mixed data reports kept stocks in a
trading range with the major indices closing mildly higher. April construction
spending hit a nearly 6-1/2-year high and ISM Manufacturing beat expectations.
However, consumer spending was flat month-over-month. Small-caps were under
pressure in pre-market trade after rising on Monday to support stock gains.
Also in focus is inflation data from the euro zone, which came in at 0.3% in
May. This was higher than the 0.2% forecast and will help waylay fears of a
deflationary spiral in the region. Gold is currently trading about 0.3% higher,
crude oil is seen trading about 0.9% higher, and the U.S. dollar is
currently trading about 1% lower at 8:15am Chicago time.
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