Global Rice Quotes
June 30th, 2015
Long grain white rice - high quality
Thailand 100% B grade 375-385
↔
Vietnam 5% broken 350-360
↔
India 5% broken 385-395
↔
Pakistan 5% broken 375-385
↔
Myanmar 5% broken 415-425
↔
Cambodia 5% broken NQ
↔
U.S. 4% broken 450-460
↔
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 NQ
↔
India 25% broken 350-360
↔
U.S. 15% broken 440-450
↔
Long grain parboiled rice
Thailand parboiled 100% stxd 370-380 ↑
Pakistan parboiled 5% broken stxd 395-405 ↔
India parboiled 5% broken stxd 360-370 ↔
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% 825-835
↑
Vietnam Jasmine 475-485
↔
India basmati 2% broken NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Mails NQ
↔
Brokens
Thailand A1 Super 315-325
↔
Vietnam 100% broken 310-320
↔
Pakistan 100% broken stxd 290-300
↔
Cambodia A1 Super NQ
↔
India 100% broken stxd 280-290
↔
Egypt medium grain brokens NQ
↔
U.S. pet food 350-360
↔
Brazil half grain NQ ↔
All prices USD per ton, FOB vessel, oryza.com
FERM and AIREA Launch New Crop
Protection App Appryza
Jun
30, 2015
The Federation of European Rice
Millers (FERM), in close coordination with the All India Rice Exporters Association
(AIREA) have launched Appryza, a new web-based app (www.appryza.com) aimed at supporting EU-India
trade in rice.With rules on crop protection products not aligned worldwide,
meeting export market regulatory requirements can be challenging. Appryza
provides advice on which crop protection strategies to adopt to ensure safe,
sustainable Indian rice production for four major export markets: the EU, Iran,
Saudi Arabia and US. Its advice will be regularly updated to respond to any
rule changes in these markets. Regional agricultural universities will also be
closely involved in the management of Appryza so that the advice is tailored to
the local needs of rice farmers.
Appryza exploits the widespread use
of smart phones, says Henk Verschoor, who heads up the Federation’s technical
work: "Making use of modern technology, Appryza brings complex regulatory
information in a simple, user-friendly way to all of us in the rice chain, from
Indian farmers to EU importers. Within seconds, we can identify solutions for
the global market."
Appryza is the first outcome of a
new cross-industry dialogue involving Indian, Pakistani and EU rice operators,
initiated in London in October 2014, aimed at maintaining a rice supply that meets
global safety standards.Punjabi and Hindi versions of Appryza will shortly be
available, further facilitating the dissemination of information throughout the
supply chain. An extension of Appryza for Pakistan is currently under
development.FERM Secretary General, Chris Downes explains: "Given the
complexity of today's rules, we believe we must work increasingly closely with
partners around the world to guarantee safe, high-quality rice. A global
coordinated approach to this issue by both the rice sector and the
manufacturers of plant protection products is now essential to the future trade
of rice. Appryza is an important first step in meeting today's challenges
Iraq Passes On Tenders to
Purchase At Least 30,000 Tons of Rice Due to High Prices
Jun
30, 2015
Iraq has passed on tenders to
purchase at least 30,000 tons of rice in international tenders from the U.S.,
Uruguay, Argentina, Brazil and India, Reuters quoted European traders. The
tenders closed on June 28, 2015 with offers having to remain valid till July 2,
2015.While India offered a bid of $431.50 per ton (c&f basis), U.S. offered
a bid of $589.5 (c&f), Brazil offered a bid of $603 per ton (c&f),
Uruguay offered a bid at $632 per ton (c&f) and Argentina offered a bid of
$620.5 per ton (c&f).
Iraq reportedly did not buy rice
from any of the bidders due to high prices.Iraq also rejected all offers an
made no purchase in a tender on May 7, in which it sought to buy at least
30,000 tons.
Oryza Afternoon Recap - Chicago
Rough Rice Futures Rally on Support from Huge Rally in Grains as Market Reacts
to Crop Progress and Stock Reports
Jun
30, 2015
Chicago rough rice futures for Sep
delivery settled 37 cent per cwt (about $8 per ton) higher at $10.455 per cwt
(about $230 per ton). Rough rice futures reacted favorably to today’s crop
progress report. The grain markets overall were sharply higher as traders
weighed the recent impact of wet weather in key growing regions as well as
expected demand as outlined in a refreshed stocks report. Although all grains
were sharply higher, logging over 5% gains each, corn led the complex with a
huge 7%+ gain on the session; Soybeans closed about 5.8% higher at $10.3725 per
bushel; wheat finished about 5.5% higher at $6.1575 per bushel, and corn
finished the day about 7.3% higher at $4.3150 per bushel.
U.S. stocks held mildly higher on
Tuesday, attempting recovery from the worst trading day of the year, as the
deadline for Greece repayment to the IMF approached. Greece faces a 1.5 billion
euro ($1.7 billion) payment due to the International Monetary Fund at midnight
CEST (6:00 p.m. ET) Tuesday. A euro zone official said in a Reuters report that
there's "no way" the Eurogroup will release funds for Greece to meet
the deadline tonight. The Dow and S&P both briefly turned negative in
midday trade amid reports that S&P downgraded four of Greece's banks to
"selective default." The indices struggled to hold slight gains.
Analysts also noted some positioning
as Tuesday marks the end of the second quarter and first half of the year.
Stocks had their worst day for the year so far on Monday, with the Nasdaq
plunging 2.4%, the Dow Jones industrial average closing below its 200-day
moving average and the S&P 500 barely above its 200-day moving average. The
major economic report expected for the week is the nonfarm payrolls report on
Thursday, which could shed light on the timing of a rate hike. Markets are
closed Friday for the July 4 holiday. The Dow Jones Industrial Average traded
up 61 points, or 0.35%, at 17,660. The index traded about 1% lower for the
year. The S&P 500 traded up 9 points, or 0.45%, at 2,066, with materials
leading eight sectors higher and utilities the greatest laggard. The Nasdaq
traded up 33 points, or 0.68%, at 4,991. Gold is trading about 0.6% lower, crude
oil is seen trading about 1.6% higher, and the U.S. dollar is seen trading at
about 0.7% higher at about 1:00pm Chicago time.Monday, there were 2,902
contracts traded, up from 2,198 contracts traded on Friday. Open interest – the
number of contracts outstanding – on Monday decreased by 54 contracts to 9,657.
Nepali Rice Farmers Need
Appropriate Technologies to Boost Yields, Says Expert
Jun
30, 2015
A Nepal-based rice expert opines
that in the light of declining arable land, changing climatic conditions, low
investment in rice research and increasing demand for rice in Nepal, there is a
need to boost rice yields by adopting appropriate technologies.In an
article published in www.ekantipur.com,
he says though Nepal has released about 107 rice varieties in the last 50
years, little has been done to improve the rice productivity in the country. In
this context, he suggests few scientific methods to select healthy seeds as
well as some modern farming methods to increase rice yields.
First and foremost, he says careful
seed selection is important for better productivity. Quoting a research
conducted by a Japanese scientist, he says seeds should be selected based on
their specific gravity. He states that healthy and uniform paddy seedlings can
be obtained by sowing well-developed seeds with specific gravity of at least
1.13 for non-glutinous varieties, and at least 1.10 for glutinous varieties.
Apart from this, he says uniform spacing, uniform spreading of
fertilizers and perfectly levelled nursery beds are also vital for proper
growth of seedlings. 
Since some of the rice diseases like
blast are seed-borne, he suggests that healthy seeds can be selected by pouring
rice seeds in a brine solution prepared be mixing 200 grams of common salt in a
litre of water. Healthy seeds settle at the bottom of the brine.The expert also
suggests Nepali farmers to adopt agronomic manipulation techniques like the
System of Rice Intensification (SRI), which involves a labour-intensive,
low-water, organic method in which younger seedlings are singly-spaced while
being planted. He says use of Plant Growth Regulators (also known as plant
hormones) can boost yield if applied properly. Similarly use of fertilizers
like nitrogen has proved to increase yields significantly, he says.He warns
that these proactive measures can ensure food security in the country in the
long term.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.
Malaysia May Consider More Rice Imports from Thailand Under Bilateral Trade
Agreement
Jun
30, 2015
Malaysia will increase rice imports from
Thailand as part of the increased bilateral trade between the two countries,
according to local sources.The two nations agreed to increase the target of
annual bilateral trade to $30 billion from the current $25 billion by 2018 at
the Thai-Malaysian Joint Trade Committee (JTC) meeting held in Bangkok last
weekend.As part of the agreement, Malaysia will also consider Thailand's
proposal of extending land transport facility, which would expedite rice
imports from Thailand.
Malaysia produces about 64% of rice
needed for annual consumption of about 2.8 million tons and imports about one
million tons of rice annually. Thailand currently accounts for about 80% to 90%
of them.Thailand mainly exports rice, electronic equipment and automobile parts
to Malaysia and imports chemical products, crude oil and machinery from
Malaysia
Oryza Overnight Recap – Chicago
Rough Rice Futures Higher Ahead of Crop Conditions Report
Jun
30, 2015
Chicago rough rice futures for Sep
delivery are currently seen trading 3 cent per cwt (about $1 per ton) higher at
$10.115 per cwt (about $222 per ton) during early floor trading in
Chicago. The other grains are seen trading mixed this morning; soybeans
are currently seen trading about 0.4% lower, wheat is listed about 0.2% higher
and corn is currently noted about 0.2% higher.U.S. stocks traded higher on Tuesday, attempting to bounce
from the worst trading day of the year, as investors turned more optimistic on
the Greece crisis. The Dow Jones industrial average traded about 60 points higher
after initially adding more than 100 points in the open. Tuesday marks the end of the second quarter and first
half of the year.
Stocks had their worst day for the year so far on Monday, with the Nasdaq plunging
2.4%, the Dow Jones industrial average closing below its 200-day moving average
and the S&P 500 barely above its average. European stocks came off their
lows amid reports in the Greek media on Tuesday that Prime Minister Alexis Tsipras is
considering the latest aid proposals from the European Union. The Dow Jones
Industrial Average traded up 112 points, or 0.64%, at 17,706. The S&P 500
traded up 15 points, or 0.74%, at 2,072, with energy leading all nine sectors
higher and utilities the only laggard. The Nasdaq traded up 37 points, or
0.74%, at 4,995. Gold is currently trading about 0.9% lower, crude oil is seen
trading about 0.6% higher, and the U.S. dollar is currently trading about
0.3% higher at 9:00am Chicago
time.
Oryza U.S. Rough Rice Recap -
Prices Firm with Futures amid Bearish Stocks and Bullish Acreage Cuts
Jun
30, 2015
The U.S. cash market was firmer
today increasing in sympathy with a jump in futures market that was helped by a
strong rally in the grain complex.Analysts note that today’s USDA Rice Stocks
report still showed excessive stocks however that was mostly offset by a
bullish acreage report as wet conditions in the U.S. Mid-South prevented
farmers for getting their rice into the ground.
The USDA reported that long grain
stocks in all positions as of June 1st totaled 42,295,000 cwt or
10,673,000 cwts more than last year which amounts to a 25% increased while at
the same time the USDA cut their long grain projected harvest acres by 135,000
bringing the total to 2,057,000 acres or a 6% decrease from last year.
Pakistan Rice Exporters
Reiterate Need for Government Intervention to Improve Export Competitiveness
Jun
30, 2015
Pakistan rice growers and exporters
are seeking government intervention in the form of subsidies and incentives to
improve export competitiveness and improve their international market
competitiveness in light of falling global rice prices and lower export demand.
While export prices of Pakistan 5% rice declined about 15% to around $380 per
ton from around $445 per ton last year, basmati rice export prices declined
about 34% to around $895 per ton from around $1,350 per ton last year.
They noted that Pakistan rice sector
does not receive any government support while the governments of Thailand,
Vietnam and India offer several incentives and concessions to rice farmers and
exporters. In this situation, they have warned that Pakistan may lose out of
competition leading to declining exports and increasing stocks in the
country.Members of the Rice Exporters Association of Pakistan (REAP) expressed
concern that value wise, Pakistan rice exports have been stagnant since 2009-10
when they recorded highest $2.2 billion while the country's rice production
increased about 25% in the past 15 years.
They noted that most of their
markets for basmati rice are conquered by India leading to drastic price falls.
Similarly, for non-basmati rice, Pakistan has been losing share in its
traditional markets like China. Pakistan's rice exports to China have fallen
from 589,000 tons in 2012-13 to below 200,000 tons this year. They also noted
that Thailand, India and Vietnam rice exporters are able to sell their surplus
stocks due to various subsidies and concessions provided by their governments.
Therefore, the REAP President urged the government to provide loans to
needy rice exporters within the next three months, provide rice farmers with
seeds, pesticides, electricity, water, dryers and other equipment free of cost
in order to cut down the cost of production and enable exporters to compete in
international markets. He also stressed the government to direct the commercial
banks to waive off margin calls as prices have been continuously falling,
especially for basmati.Last week, the REAP members sought a subsidy on rice
exports and removal of withholding tax on loans taken by rice growers and
exporters especially in the light of increasing rice surplus stocks in the
country.
Thailand Rice Sellers Increase
Some of Their Quotes Today; Vietnam Rice Sellers Lower Some of Their Quotes
Jun
30, 2015
Thailand rice sellers increased their quotes for parboiled rice by about $5
per ton to around $370-$380 per ton and increased their quotes for Hommali rice
by about $10 per ton to around $825-$835 per ton today. Vietnam rice sellers
lowered their quotes for 25% broken rice by about $5 per ton to around $325 -
$335 per ton. Other Asia rice sellers kept their quotes mostly unchanged
today.
5% Broken Rice
Thailand 5% rice is indicated at around $365 - $375 per ton, about a $15
per ton premium on Vietnam 5% rice shown at around $350 - $360 per ton.
India 5% rice is indicated at around $385 - $395 per ton, about $10 per ton
premium on Pakistan 5% rice shown at around $375 - $385 per ton.
25% Broken Rice
Thailand 25% rice is shown at around $345 - $350 per ton, about a $20 per
ton premium on Vietnam 25% rice shown at around $325- $335 per ton, down about
a $5 per ton from yesterday. India 25% rice is indicated at around $350 - $360,
about $15 per ton premium on Pakistan 25% rice shown at around $335 - $345 per
ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $370 - $380 per ton, up
about a $5 per ton from yesterday. India parboiled rice is indicated at around
$360 - $370 per ton, about a $35 per ton discount to Pakistan parboiled rice
shown at around $395 - $405 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 $10 per ton discount to Pakistan broken sortexed rice shown at
around $290 - $300 per ton.
U.S. Rice Growers Can Now Generate and Sell Carbon Credits Under State GHG
Trading Program
Jun
30, 2015
The California Air Resources Board
(CARB) has approved a new carbon offset protocol for methane-reducing rice
cultivation projects allowing rice growers to generate and sell
compliance-grade credits under the state's greenhouse gas emissions (GHG)
trading program, according to Bloomberg BNA.Six types of offset projects can
generate tradable credits under the new protocol. Each credit is equal to
a ton of carbon dioxide.
The Director of Agriculture
Greenhouse Gas Markets noted that the rice cultivation protocol is the first
crop-based carbon offset protocol, which allows to reduce GHG emissions without
sacrificing yields. “Rice growers can now generate additional sources of
revenue without sacrificing yields, and the conservation measures they implement
will reduce methane emissions and protect important wildlife habitat,” he
said.The rice cultivation protocol uses a de-nitrification decomposition model
to quantify greenhouse gas emissions and promotes practices that maintain
yields and still preserve the ecological benefits of rice farming.The protocol
is designed to be used in California and other key rice-growing states of
Arkansas, Louisiana, Mississippi, Missouri and Texas.CARB's protocols prescribe
the methodology needed for quantifying the GHG reduction benefits to projects.
Rice Council of Tanzania Urges
Government to Curb Illegal Entry of Pakistani Rice
Jun
30, 2015
The Rice Council of Tanzania (RCT)
is urging the government to curb illegal entry of Pakistani rice into the
country, which is encouraging some local traders to mix it with local rice and
export to other East African Countries (EAC) like Rwanda and Uganda as well as
depriving the government of taxes, according to local sources.The EAC has set a
Common External Tariff (CET) of 75%. But since Tanzania's rice prices are
relatively high, the EAC has agreed for duty-free trade with the other EAC members.
The Executive Director of the RCT
noted that they have been seeking requisite support from April this year, but
there has been no response from them so far. She noted that the RCT sent a
petition to the President's Office with signatures of about 11,000 smallholder
rice farmers apprising them of the situation and seeking justice. The Prime
Minister’s Office, Ministry of Agriculture Food Security and Cooperatives,
Ministry of Finance, Ministry of Industry and Trade and Ministry of East
African Cooperation were also sent a copy each, she said.The RCT also contacted
the Parliament seeking a meeting with lawmakers representing main rice
producing areas. But it did not receive any positice response from them so far.
There has been an uproar recently
that Tanzanian rice exporters have been exporting rice mixed with cheap
Pakistani rice to Rwanda and Uganda and those countries had banned rice imports
from Tanzania since last year. Recently, the Chairman of the RCT sought
government support in settling the rice export issue with the EAC and help
reinstate exports to those countries. He noted that Tanzania produced over
700,000 tons of paddy in 2014 but could not export anything to the EAC
markets.Last week, the Country Program Manager of Eastern Africa Grain Council
(EAGC) warned that Rwanda and Uganda have decided to levy a 75% tax on Tanzania
rice imports mixed with cheap Asian rice.
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