Global Rice Quotes
June 12th, 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 345-355 ↑
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
Italian Paddy Quotes Show Mixed Trends as on June 9, 2015
Jun 11, 2015
quotes
showed diverse trends as on June 9, 2015, with prices of Japonica varieties
increasing and Indica prices declining or remaining stable compared to
quotations on May 26, 2015. Since June 2 was a public holiday, no quotations
were available as on that date. Italy's paddy market is still buying Japonica
varieties from the 2014 crop (September - August). Nearly 90% of the 2014 crop
has been sold out and about 141,970 tons of the last year's crop are still
available.
Below are
the paddy quotations supplied by Milan Grain Exchange, farm gate quotes, as of
June 9, 2015:
Arborio-Volano
paddy was shown at 870-900 euros (about $ 982-1,016) per ton. In three
weeks the quotations increased 17%. On May 26 this variety were out at 790-820
euros (about $ 891-925) per ton.
Balilla,
Centauro and similar varieties paddy prices are firm at 415-430 euros (about $
468-485) per ton, unchanged from the prior weeks.
Lido, Crono,
Flipper and similar paddy varieties are shown at 325-340 euros (about $
366-383) per ton, unchanged from May 26.
Padano-Argo
was not quoted on May 26 since there is almost no more availability. Vialone
Nano grew to 810-860 euros (about $ 914-970) per ton, from 770-820 euros (about
$ 869-925) per ton of May 26.
Thaibonnet
and similar Indica varieties are out at 330-340 euros (about $ 372-383)
unchanged from the prior weeks.
Sant'Andrea
quoted 525-575 euros (about $ 592-649) per ton, unchanged from May 26.
Carnaroli
went up to 870-900 euros (about $ 982-1,016) per ton, from 790-820 euros (about
$ 891-925) per ton on May 26.
Baldo paddy
prices furtherly went down to 490-540 euros (about $ 553-609) per ton, from
510-560 euros (about $ 575-632) per ton on May 26.
Roma grew at
625-655 euros (about $ 705-739) per ton from 575-605 euros (about $ 649-683)
per ton on May 26.
Selenio was
shown at 405-430 euros (about $ 457-485), unchanged from the prior weeks.
Augusto went
slightly down to 345-360 euros (about $ 447-464) per ton, from 355-370 euros
(about $ 400-417) per ton on May 26.
Loto and
Nembo quoted as Augusto at 345-360 euros (about $ 447-464) per ton, down from
355-370 euros (about $ 400-417) per ton on May 26.
Luna Cl,
Dardo and similars quoted 320-340 euros (about $ 361-383) per ton, unchanged
from May 26.
Oryza Afternoon Recap - Chicago Rough Rice Futures
Dragged Down as Bearish Wheat S&D Report Sends Grain Complex Lower
Jun 11, 2015
Chicago
rough rice futures for Jul delivery settled 7.5 cents per cwt (about $2 per
ton) lower at $9.795 per cwt (about $216 per ton). Rough rice futures continued
lower as the market continues to pull back from overhead resistance and
continues within its sideways $9.500-$10.000 per cwt (about $209-$220 per ton)
trading range. The market outlook will remain neutral until either of these
levels is broken and a new trend confirmed. The other grains continued lower
once again led by a sharp decline in wheat prices; Soybeans closed about 15%
lower at $9.4000 per bushel; wheat finished about 1.8% lower at $5.0425 per
bushel, and corn finished the day about 0.2% lower at $3.5650 per bushel.
U.S. stocks traded slightly higher on
Thursday as investors cheered a good retail sales report while remaining
cautious following mixed news on the Greece debt talks. In mid-morning trade
the International Monetary Fund spokesman said there were "major
differences" with Greece on aid negotiations and that the IMF team has
left Brussels, where the talks were held, Reuters said. European stocks also
pared gains from earlier hopes of a Greece deal, with the DAX closing 0.6%
higher after earlier gaining 1.5%. The ATHEX Composite ended 8.16% higher.
European officials said there was a "good chance" of a deal ahead of
the euro group meeting next week. Greece's Prime Minister, Alexis Tsipras, and
European Commission President Jean-Claude Juncker ended talks on the debt
negotiations without coming to a resolution. A European Union diplomat told
Reuters the discussion was a "last attempt" to reach a deal, while
Dow Jones reported that Juncker said in a statement that he held an
"important, friendly and constructive meeting" with Tsipras. Analysts
remained optimistic that Greece would come to a deal with its creditors. The
Dow Jones Industrial Average traded up 59 points, or 0.33%, at 18,060. The
S&P 500 traded up 4 points, or 0.22%, at 2,109, with telecommunications
leading eight sectors higher and energy the greatest laggard. The Nasdaq traded
up 3 points, or 0.07%, at 5,080. Gold is trading about 0.6% lower, crude oil is
seen trading about 1.2% lower, and the U.S. dollar is seen trading about 0.6%
higher at about 1:00pm Chicago time.
Wednesday,
there were 1,048 contracts traded, up from 948 contracts traded on Tuesday.
Open interest – the number of contracts outstanding – on Wednesday decreased by
2 contracts to 12,032.
High-Interest Loans Deter Rice Export Growth, Says
National Bank Official
Jun 11, 2015
High-interest
loans offered by banks have been reducing funding opportunities for rice
millers and are consequently deterring export growth in the country, according
to the Director-General (DG) of the National Bank of Cambodia.Addressing an
investment luncheon in Phnom Penh, the DG told local sources that this
inability of millers to raise finances is contributing to the exporters'
failure to meet the export goal of one million tons in 2015.
“A lot of our rice millers face
difficulties in getting loans from the banks because the banks ask the millers
to use their land as collateral,” she said. “But the millers say they don’t
have land to use as collateral because they just rent or lease it,” she added.She
also noted that millers need money to buy paddy from farmers, process it and to
buy rice milling equipment and for their maintenance, most of the times,
exporters delay payments to millers. Therefore, banks usually consider lending
to millers as a risky proposition.
Even the members of the Cambodia Rice Federation
(CRF) have been urging the government to take requisite measure to increase
loan availability options to millers as well as improve rice milling
infrastructure to ensure speedy deliveries to exporters.Cambodia exported about
243,025 tons of rice in the first five months of 2015 (January - May 2015), up
about 64% from about 148,262 tons rice exported in the same period last year
according to the Secretariat of One Window Service for Rice Export. Cambodia
has exported about 387,100 tons of rice in 2014.USDA estimates Cambodia to
export 1.2 million tons of rice (including official and unofficial exports to
Vietnam and Thailand through borders) in 2015, up about 9% from an estimated
1.1 million tons in 2014.
Oryza U.S. Rough Rice Recap - Prices Dip Slightly after
USDA Increases Old and New Crop Carry-over; Export Sales Continue to Struggle
Jun 11, 2015
The U.S. cash market was slightly weaker
today after the USDA increased their old crop ending stocks estimated by 0.5
million cwts (22,680 tons) and their new crop ending stocks estimate by 1.0
million cwts (45,359 tons) both on account of increased imports.Analysts
continue to stress that prices will likely remain depressed until there is a
significant increase in export demand however even at the levels we see today
exporters are still struggling to make sales, which has been evident in the
last weeks of USDA export sales figures.
The USDA reported that cumulative net
export sales for the week ending on June 4th, totaled 36,400 tons,
which was 7% higher than last week and 8% higher than the prior 4-week average.Increases
were reported for the following destinations including: 9,700 tons to Panama,
7,100 tons to Haiti, 6,000 tons to Haiti, 3,200 tons to Mexico, and 2,700 tons
to tons Canada.U.S. rice exporters shipped 102,700 tons, which was 80% higher
than last week and 56% higher than the prior 4-week average. The primary
destinations included: 34,100 tons to Colombia, 28,300 tons to Mexico, 17,600
tons to Haiti, 9,000 tons to Honduras, and 4,100 tons to Canada.
Pakistan Exporters Plan to Boost Rice Sales to Iran
Jun 11, 2015
Pakistan rice exporters are planning to
increase rice exports to Iran as part of efforts to meet the export target of
3.5 million tons this year, according to Reuters.Reuters quoted a
Pakistan-based rice analyst as saying that the production this year may reach
6.5 million tons but the export demand is waning due to declining rice prices.
Therefore lower exports are expected in 2015, he said.
"Iran can be good partner of Pakistani
rice and trade can be increased. But there are few difficulties of the
embargoes," he was quoted as saying. He noted that there already exists a
border trade between Pakistan and Iran for rice under which local merchants
usually export through borders. However, a nuclear deal would help all the
merchants to expand their business to Iran.Iran is currently trying to overcome
differences with the six super powers over the self-imposed June 30 deadline to
reach a deal over its disputed nuclear program.
The Middle East nation, which is the
largest buyer of basmati rice, imposed a temporary ban on rice imports in
November 2014 and still there is no clarity as to when it would end the ban.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.
ABARES Estimates Australia 2014-15 Paddy Rice Production
at 720,000 Tons, Down 11% from Last Year
Jun 11, 2015
Australia's paddy rice production in MY
2014-15 (April 2014 - March 2015) is estimated to decline to around 720,000
tons (around 517,680 tons, basis milled), down about 11% from an estimated
808,988 tons (around 582,471 tons, basis milled) in MY 2013-14, according to
data from the Australian Bureau of Agricultural and Resource Economics and
Sciences (ABARES).In its June crop outlook report, the ABARES attributes the
decline in paddy rice production to a 5% y/y decline in planting area to around
70,000 hectares reflecting reduced supplies of irrigation water in the main
rice producing region of New South Wales as well as a 7% y/y decline in average
yield to around 10.29 tons per hectare.
Total summer crop production is estimated
to have declined by 4% in 2014–15 to 3.8 million tonnes, due to decline in
production of cotton and rice. The area planted to summer crops declined by 9%
to around 1 million hectares.The weather report issued by the Bureau of
Meteorology (BOM) on 28 May 2015 suggests an average winter rainfall in the
cropping regions of Victoria and South Australia and above average rainfall in
the cropping regions of Western Australia. However, it is likely there will be
below average winter rainfall in the cropping regions in southern Queensland
and most of New South Wales.The BOM expects decreased winter spring rainfall
over southern and central Australia due to an impending El Nino weather pattern
in the Pacific Ocean.
Oryza Overnight Recap – Chicago Rough Rice Futures Remain
Under Pressure as Exports Continue to Lag
Jun 11, 2015
Chicago rough rice futures for Jul delivery
are currently seen trading 10.5 cents per cwt (about $2 per ton) lower at
$9.765 per cwt (about $215 per ton) during early floor trading in
Chicago. The other grains are seen trading lower; soybeans are currently
seen trading about 0.5% lower, wheat is listed about 1.7% lower and corn is
currently noted about even.U.S. stocks opened higher on Thursday as a good retail sales report and optimism
on Greece encouraged investors. Greece's Prime Minister, Alexis Tsipras, held
late-night talks with German and French leaders and agreed to step up talks
with international creditors in order to avert a debt default. Retail sales for
May showed an increase of 1.2%, with the ex-autos figure up 1%.
April retail sales were revised upward to
0.2% from flat. Weekly jobless claims totaled 279,000, slightly above
expectations. Investors also looked ahead to next week's U.S. Federal Reserve
meeting, which is not expected to change the consensus view for a September
rate hike. U.S. stocks bounced on
Wednesday, closing more than 1% higher amid some encouraging signs on
talks between Greece and its creditors on a cash-for-reform deal. The Dow Jones
Industrial Average opened up 60 points, or 0.33%, at 18,060. The S&P 500
opened up 7 points, or 0.32%, at 2,112, with utilities leading all 10 sectors
higher. The Nasdaq opened up 19 points, or 0.37%, at 5,095. Gold is currently
trading about 0.5% lower, crude oil is seen trading about 0.6% lower, and
the U.S. dollar is currently trading about 0.7% higher at8:45am Chicago time.
Pakistan Targets to Produce 6.9 Million Tons of Milled
Rice in 2015-16, Says SUPARCO-FAO Report
Jun 11, 2015
In the May Crop Monitoring System Bulletin,
the National Space Agency of Pakistan (SUPARCO) and UN’s Food and Agriculture
Organization (FAO) reports that the Federal Committee on Agriculture (FCA) has
fixed the 2015- 16 (July - June) milled rice production target at around 6.9
million tons (around 10.21 million tons, basis paddy) from around 2.8 million
hectares. It is targeting an yield of around 2.434 tons per hectare in 2015-16.The
rice is majorly grown in Punjab, Sindh, KP and Balochistan provinces. Usually
rice nurseries are sown in May. While transplanting of the IRRI rice is carried
out during June-July, transplanting of basmati is carried out in July-August,
says the report.
Eaarlier, in March, the SUPARCO and FAO
have estimated Pakistan FY 2014-15 (July - June) paddy rice production to
decline about 19% to around 8.437 million tons (around 5.65 million tons, basis
milled) from around 10.04 million tons (around 6.72 million tons, basis milled)
produced last year. They have estimated FY 2014-15 paddy rice acreage at around
3.285 million hectares and yield at around 2.568 tons per hectare.The decline
is attributed to floods that hit the Punjab state in the month of August 2014
having damaged around 116,700 hectares of paddy fields. Over 217,000 tons of
paddy is said to be lost in the Punjab state. The government of Punjab
reportedly announced a compensation of Rs.16 billion (around $159 million) to
the flood-affected communities.USDA estimates Pakistan's MY 2014-15 (November -
October) milled rice production to increase about 3% to around 6.9 million tons
(around 10.35 million tons, basis paddy) from around 6.7 million tons (around
10.05 million tons, basis paddy) in MY 2013-14.
Pakistan Rice Sellers Lower Some of Their Quotes Today;
Other Asia Rice Quotes Unchanged
Jun 11, 2015
Pakistan
rice sellers lowered their quotes for 5% broken rice and 25% broken rice by
about $5 per ton and $15 per ton to around $380 - $390 per ton and $335-$345
per ton, respectively, 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 $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 $5 per ton discount to Pakistan
5% rice shown at around $380 - $390 per ton, down about $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 $25 per ton premium on Pakistan 25% rice shown at
around $335 - $345 per ton, down about a $15 per ton from yesterday.
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.
Philippines Lowers Forecasts for 2015 Second Quarter
Paddy Output
Jun 11, 2015
The Philippines Statistics Authority (PSA)
forecasts Philippines's 2015 second quarter (April - June) production to
decline by about 4.3% to around 3.898 million tons from last year's 4.073
million tons and about 0.1% from its April forecast of around 3.902 million
tons due to a decline in harvest area prompted by dry spell and insufficient
water supply as well as incidence of pests and diseases in some rice growing
areas.The PSA estimates the harvest area to decline to around 910,000 hectares
from around 920,000 hectares last year. It however estimates the yield to
increase to around 4.27 tons per hectare from around 4.25 tons per hectare.
Harvesting of the 2015 standing crop is in
about 630,000 hectares is complete, and planting is complete in about 124,000
hectares of the next crop, according to the PSA.
Last month, the PSA forecasted paddy
production in the first half of 2015 (January - June) at around 8.27 million
tons, down about 1.32% from around 8.38 million tons last year.The NFA has
decided to import 650,000 tons of rice (200,000 tons from Thailand and 450,000
tons from Vietnam) under government-to-government deals in 2015 to ensure
adequate stocks in the lean season (June – September). It is further planning
to import 805,200 tons of rice through private importers under the WTO minimum
access volume (MAV) rule.
It 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) in 2014 to replenish rice stocks and control price hikes.USDA
estimates Philippines MY 2014-15 (July - June) paddy rice production at around
19.365 million tons (around 12.2 million tons, basis milled), up about 3% from
around 18.822 million tons (around 11.86 million tons, basis milled) produced
in the previous year. It estimates the Philippines to import 1.7 million tons
of rice in 2015.
USDA Forecasts Higher All Rice
Beginning Stocks, Exports and Imports in MY 2015-16
Jun
11, 2015
Oryza.com
-
In its June World Agricultural Supply and Demand Estimates (WASDE) report,
the USDA has forecasted U.S. MY 2015-16 all rice beginning stocks to increase to around 2.06 million
tons, up about 43% from around 1.44 million tons last year and up about 6% from
its last month's forecasts of 1.95. It forecasts long-grain rice beginning
stocks to increase to around 1.3 million tons and combined medium and short
grain rice beginning stocks to increase to around 0.66 million tons.
USDA forecasts the 2015-16 U.S. all rice exports to increase to around 4.99 million
tons, up about 5% from last year's 4.76 million tons and up about 1.8% from
last month's forecast of around 4.9 million tons. U.S. long-grain exports are expected to increase to
around 3.45 million tons, up about 4% from last year's 3.31 million tons and
unchanged from last month's forecast of around 3.45 million tons. On the other
hand, U.S.
medium-and-short grain exports are expected to increase to around 1.54 million tons, up
about 6% from last year's 1.45 million tons and up about 6% from last month's
forecast of around 1.45 million tons as a large outstanding sales balance to
Northeast Asia in 2014-15 will likely be shipped in 2015-16.
the USDA has forecasted U.S. MY 2015-16 all rice imports to increase to around 1.13 million
tons, up about 4% from around 1.09 million tons last year and up about 1.18%
from its last month's forecasts of 1.11 million tons.
USDA increased its estimates for U.S. MY 2015-16 all rice ending stocks by about 2.3% to around 2.2
million tons from its last month's estimates of around 1.86 million tons. It
estimates U.S. all rice ending stocks to increase about 13% y/y in MY 2015-16.
USDA increased estimates for U.S. MY 2015-16 long-grain ending stocks by about 2.6% to around 1.59
million tons from last month's estimate of around 1.55 million tons. It
estimates U.S. long-grain rice ending stocks to increase about 25% y/y in MY
2015-16. However, USDA kept its estimates for U.S. MY 2015-16 combined medium & short-grain ending
stocks unchanged from last month's estimate of around 0.5 million tons. It
estimates U.S. combined medium & short-grain rice ending stocks to decline
about 12% y/y in MY 2015-16.
USDA estimates MY 2015-16 U.S. all rice farm prices to decline slightly to around
$271.00 - $293.21 per ton from last month's estimates of around $271.17 -
$293.21. It kept its estimates for long-grain rice farm prices and combined medium and short-grain farm
prices to remain at last month's level of $220.46 - $242.51 and $392.42 - $414.46
respectively.
The USDA has kept its forecasts for U.S. all rice production unchanged from last month.
Philippines Rice Stocks Increase
for Second Consecutive Month in May 2015
Jun
11, 2015
The Philippines rice stocks have
increased for second consecutive month in May 2015 after declining for three
consecutive months since January 2015, according to the Bureau of Agricultural
Statistics (BAS).Total rice stocks in the Philippines as of May 1, 2015 reached
around 3.17 million tons, up about 25% from around 2.54 million tons recorded
in April 2015, and up about 26% from around 2.52 million tons recorded during
the same period last year.
According to the BAS, household
stocks (which account for about 47% of total rice stocks in the country) have
reached around 1.49 million tons as of May 1, 2015, up about 12% from year-ago
levels of around 1.33 million tons. Commercial warehouse rice stocks (which
account for about 33.7% of total stocks) have reached around 1.07 million tons
as of May 1, 2015, up about 47% from their year-ago levels of around 730,000
tons. The rice stocks with the National Food Authority (NFA) (which account for
19.3% of total stocks) stood at around 610,000 tons, up about 30% from around
470,000 tons recorded in May 2014.Month-on-month, household rice stocks are up
about 18%, commercial warehouse rice stocks are up about 34% and NFA rice
stocks - in which about 96.2% are imported rice - are down about 24%, according
to the BAS.
The BAS says that the Philippines' rice stocks as of May 1, 2015 are enough
to last for 93 days (household stocks are enough for 44 days, commercial
warehouses stocks are enough for 31 days and stocks with NFA are enough for 18
days).The government is planning to ramp up imports to ensure adequate stocks
and avoid price hikes in the country. The National Food Authority
(NFA) has decided to import 650,000 tons of rice (200,000 tons from Thailand
and 450,000 tons from Vietnam) under government-to-government deals in 2015 to
ensure adequate stocks in the lean season (June – September). It is further
planning to import 805,200 tons of rice through private importers under the WTO
minimum access volume (MAV) rule. It 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) in 2014 to replenish rice stocks and control price hikes.
Thailand Supreme Court Grants
Bail to Former Commerce Minister in G2G Rice Case
Jun
11, 2015
Thailand's Supreme Court has granted
bail to the former Commerce Minister in the government-to-government (G2G) rice
sales case, according to local sources.The President of the Supreme Court’s
Criminal Division for Political Office-Holders, who supervises the case, told
local sources that the Court granted bail to the former Minister at 20 million
baht (around $593,190) and ordered him not to leave the country without its
permission. The former Minister reportedly placed a saving account as surety.
Some 21 individuals, including the
former Commerce Minister and the former Deputy Commerce Minister have been
indicted for their alleged corruption in government-to-government (G2G) rice
deals with two Chinese companies. The 21 individuals apparently helped two
Chinese companies, which were reportedly not authorized by the Chinese
government, to seal G2G contracts for about 1.2 million tons of rice with the
Thai government without participating in a bid.The individuals are said to have
violated the Criminal Code, the Public Competitive Bidding Act and the
Anti-Corruption Act. The first trial against the 21 individuals will commence
on June 29, 2015. If found guilty, the 21 individuals, including the former
Commerce Minister, may face life imprisonments as well as a fine of up to 35.2
billion baht (around $1.1 million).
Thai Irrigation Department
Advises Farmers to Delay 2015 In-Season Rice Planting Till July
Jun
11, 2015
Thailand's Royal Irrigation
Department (RID) has advised farmers to delay in-season/main season (April -
January) rice planting to due to persisting drought conditions and depleted
water reserves, according to local sources.The Director-General of the RID told
local sources that the announcement has been issued to rice farmers in the Chao
Phraya River Basin to limit their use of water on their farms as the rainfall
so far has been lower than the forecast. He also noted that decrease in water
input in reservoirs coupled with increase in output to offset the dry weather
conditions has led to a fast depletion of water sources.
He noted that a postponement of rice planting would help in averting a
severe shortage of water. The DG suggested that July would be more appropriate
to start rice planting as they expect rains to pick up by then.
Vietnam Rice Exports to Africa
Increase Significantly in First Five Months of 2015, Says MOIT
Jun
11, 2015
Vietnam's rice exports to Africa
have increase both in volume and value during the first five months of 2015
after getting stagnated for a few months in 2014 due to the spread of the Ebola
pandemic, according to a report by the Department of Africa, West Asia and
South Asia Markets under the Ministry of Industry and Trade (MOIT).Most of the
increase has been to the West African nations, according to the report.
According to data from the General Department of Customs, rice exports to
Algeria increased by about 32% in tonnage and 29% in value; rice exports to
Angola increased by about 49% in tonnage and 33% in value; rice exports to
Ivory Coast increased by about 14% in tonnage and 22% in value; and rice
exports to Ghana increased by about 15% in tonnage and 12% in value.
According to the USDA Post, Vietnam
exported 236,248 tons of rice to African destinations in during January - April
2015, up about 27% from around 186,068 tons exported during the same period in
2014.The report also shows that Vietnam's rice exports to West Asian countries
such as UAE, Saudi Arabia, Qatar, Jordan, and Syria also increased
considerably.Vietnam exported about 2.081 million tons of rice in first five
months of calendar year 2015, down about 11% from about 2.34 million tons of
rice exported during same time in last year, according to data from the Vietnam
Food Association (VFA).
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