Global Rice Quotes
July
27th, 2015
Long grain white rice - high quality
Thailand 100% B grade 380-390
↓
Vietnam 5% broken 345-355 ↔
India 5% broken 385-395
↔
Pakistan 5% broken 370-380 ↔
Myanmar 5% broken 400-410 ↔
Cambodia 5% broken 425-435
↔
U.S. 4% broken 470-480
↔
Uruguay 5% broken 535-545 ↔
Argentina 5% broken 530-540 ↔
Long grain white rice - low quality
Thailand 25% broken 350-360 ↓
Vietnam 25% broken 325-335 ↔
Pakistan 25% broken 330-340 ↔
Cambodia 25% broken 410-420
↔
India 25% broken 350-360
↔
U.S. 15% broken 445-455
↔
Long grain parboiled rice
Thailand parboiled 100% stxd 380-390
↓
Pakistan parboiled 5% broken stxd 415-425
↔
India parboiled 5% broken stxd 375-385
↔
U.S. parboiled 4% broken 555-565
↔
Brazil parboiled 5% broken 545-555
↔
Uruguay parboiled 5% broken NQ
↔
Long grain fragrant rice
Thailand Hommali 92% 865-875
↑
Vietnam Jasmine 485-495
↔
India basmati 2% broken NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Mails 835-845
↔
Brokens
Thailand A1 Super 320-320
↔
Vietnam 100% broken 310-320
↔
Pakistan 100% broken stxd 285-295
↔
Cambodia A1 Super 350-360 ↔
India 100% broken stxd 305-315
↔
Egypt medium grain brokens NQ
↔
U.S. pet food 325-335 ↔
Brazil half grain NQ ↔
All prices USD per ton, FOB vessel, oryza.com
Iran
Extends Deadline for Registration of Rice, Other Basic Commodities Importers
Jul 27, 2015
The government of Iran has
extended deadline for registration of rice, milling wheat, vegetable oil and
raw sugar importers until August 17 from August 6, Bloomberg quoted the Deputy
Managing Director for Foreign Trade at Iran's Governmental Trading
Corporation.
However, no decision has been
made about the volume of rice and other commodities to be imported, the
official told reporters.
Iran has temporarily banned rice
imports from November 2014 citing excess stocks as reason. Iran primarily
imports basmati rice from India and accounts for nearly 30% of India's total
basmati rice exports. The Middle East nation imported around 900,000 tons of
rice in 2014-15 compared to around 1.44 million tons in 2013-14.
Meanwhile, Pakistan, which was
once a major rice exporter to Iran in 2010-11, is planning to revive basmati
rice exports to Iran after the lifting of sanctions, the Acting Chairman of the
Rice Exporters Association (REAP) was quoted.
Pakistan, which exported about
3.72 million tons of rice in 2014-15 is planning to increase exports to 6
million tons after Iran's lifting of sanctions, he said.
Pakistan is expecting to produce
around 7 million tons of milled rice in 2015-16 compared to around 5.5 million
tons in 2014-15.
Cambodia
May Lose EU Market Share if EU-Vietnam Bilateral FTA Materializes, Say
Exporters
Jul 27, 2015
Cambodian rice exporters are
worried of losing market share in the European Union (EU) market if the
EU-Vietnam Bilateral Free Trade Agreement (EU-V BFTA) is finalized, according
to local sources.Under the proposed deal, EU is planning to import around
76,000 tons of rice, mostly husked and milled, from Vietnam at zero percent
duty.
The EU imports rice from Asian
least developed countries (LDCs) such as Cambodia and Myanmar at zero percent
duty under the Everything but Arms (EBA) policy. Currently, Cambodia accounts
for about 250,000 tons yearly or 22% of annual EU rice imports.
The President of a leading
exporting company told local sources that if the EU-V BFTA is finalized, it
would pose a great challenge to the Cambodian rice sector. He noted that
Cambodia will have to compete with Vietnam and will certainly lose a part of
the market share in the EU market to the neighboring country. “In the
short-term, it will limit growth in rice production and exports, as well as the
investment needed to improve the sector,” he was quoted as saying.
He noted that Cambodia needs to
improve its production capacity and logistical services to remain competitive.
Especially, farmers need to improve paddy production yield and quality, he
said. He also added that the government needs to support farmers and millers by
provide requisite financing facilities to boost stocks of paddy for export,
building adequate warehouse and dryer machines as well as help them reduce
storage and transportation costs.
However, some analysts say
Cambodia can focus more on fragrant rice exports to the EU in order to sustain
the tough competition from Vietnam.
A former senior advisor to
Cambodia Rice Federation noted that exports to the EU constitute about 60% of
Cambodia's rice exports and there is a need to diversify the export markets to
reduced dependence on the EU market. “Cambodia should also double efforts to
diversify to other Asian markets, like China and Malaysia, and Africa, which
remains a much untapped destination,” he said.
Ebola
Virus Continues to Wage Havoc on West Africa, Lowering Rice Production in
Sierra Leone
Jul 27, 2015
Sierra Leone is nearly done
planting its new rice crop, and while weather has been beneficial, the Ebola
virus’s toll on communities has curtailed farming activities, according to a
FAO GIEWS Country Brief.
In 2014, the Ebola outbreak is
estimated to have reduced the nation’s food crop by about 5% and milled rice
production alone – which accounts for 85% of cereal production - declined 8% to
an estimated 770,000 tons, according to FAO. This has set the country back in
reaching self-sufficiency in rice production and has resulted in higher
domestic rice prices and food security issues.
Italy
Milled Rice Exports Increase 3.8% y/y to 113,068 Tons in September 1, 2014 -
July 21, 2015
Jul 27, 2015
Italy has exported around 113,068
tons of milled rice in September 1, 2014 - July 21, 2015, up about 3.8% from
around 108,734 tons exported during the same period last year.
Turkey is the largest buyer of
Italian rice during the period with 36,106 tons, followed by Switzerland
(14,487 tons), Lebanon (12,245 tons), U.S. (9,352 tons) and Syria (6,994 tons).
Italy also exported rice to Jordan, Bosnia-Herzegovina, Serbia, Australia,
Kosovo, Brazil, Russia, Canada, Norway and Israel.
Italy exported around 86,361 tons
of Long-A variety, up about 23% from around 70,212 tons exported last year.
Italy's round varieties exports increased about 41% to around 15,659 tons from
around 11,106 tons last year; and Italy's medium varieties exports increased
about 49% to around 3,605 tons from around 2.419 tons last year. However,
export of Long B varieties declined about 54% to around 7,443 tons during the
period from around 16,180 tons last year.
Iraq
Still Considering Tender to Purchase At Least 30,000 Tons of Rice Due to High
Prices
Jul 27, 2015
Iraq is still considering its
tender to purchase at least 30,000 tons of rice in international tenders from
the U.S., Uruguay, Argentina, Thailand, Brazil and India, Reuters quoted
European traders. The tenders closed on June 15, 2015 with offers having to
remain valid till July 21, 2015.
India offered three bids of $470
per ton, $471 per ton and $472 per ton (c&f basis); U.S. offered a bid of
$582 per ton (c&f); Brazil offered a bid of $589 per ton (c&f), Uruguay
offered a bid at $605 per ton (c&f); Thailand offered a bid of $505 per
ton; and Argentina offered a bid of $602 per ton (c&f).
Uruguay and Argentina reportedly
offered bids for notably large tonnages of rice although they were not the
cheapest.
Thailand
Rice Quotes Mixed Today; Other Asia Rice Quotes Unchanged
Jul 27, 2015
Thailand rice sellers lowered
their quotes for 5% broken rice, 25% broken rice and parboiled rice by
about $5 per ton each to around $370-$380 per ton, $350-$360 per ton and
$380-$390 per ton, respectively, and increased their quotes for Hommali
rice by about $10 per ton to around $865-$875 per ton today. Other Asia
rice sellers kept their quotes mostly unchanged.
5% Broken Rice
Thailand 5% rice is indicated at
around $370 - $380 per ton, down about $5 per ton from Friday and about
$25 per ton premium on Vietnam 5% rice shown at around $345 - $355 per
ton. India 5% rice is indicated at around $385 - $395 per ton, about $15
per ton premium on Pakistan 5% rice shown at around $370 - $380 per ton.
25% Broken Rice
Thailand 25% rice is shown at
around $350 - $360 per ton, down about $5 per ton from Friday and about
$25 per ton premium on Vietnam 25% rice shown at around $325- $335 per ton.
India 25% rice is indicated at around $350 - $360, about $20 per ton premium on
Pakistan 25% rice shown at around $330 - $340 per ton.
Parboiled Rice
Thailand parboiled rice is indicated
at around $380 - $390 per ton, down about $5 per ton from Friday. India
parboiled rice is indicated at around $375- $385 per ton, about $40 per ton
discount to Pakistan parboiled rice was last shown at around $415 - $425
per ton.
100% Broken Rice
Thailand broken rice, A1 Super,
is indicated at around $320 - $330 per ton, about $10 per ton from premium on
Vietnam 100% broken rice shown at around $310 - $320 per ton. India's 100%
broken rice is shown at around $305 - $315 per ton, about $20 per ton premium
on Pakistan broken sortexed rice shown at around $285 - $295 per ton.
Thailand
Postpones Auction for 1.29 Million Tons of Sub-Standard Rice to August 2015
Jul 27, 2015
The government of Thailand, which
planned to hold an auction to sell about 1.29 million tons of sub-standard rice
in early July has decided to postpone it to August to allow officials to
conduct the rice separation process thoroughly, according to local sources.
The Commerce Ministry officials,
academics, the National Farmers Council, surveyors, rice sellers and the
Thailand Development Research Institute (TDRI) are involved in separating low
quality rice from the good one meant for consumption as well as estimating the
cost of improving the grains for various purposes. They will also decide
whether to sell rice in smaller portions or as an entire silo.
Last week, the Commerce Ministry
officials said all private traders would be allowed to take part in the
auction.
The Minister assured the public
that rotten and fungal-contaminated rice will not be mixed with rice meant for
consumption and terms of each auctions will specify the industries targeted for
the auction and officials would be assigned to follow up the process and
delivery of the rice to respective destinations.
He also noted that the auction of
around 400,000 - 500,000 tons of good quality rice meant for consumption that
was planned in the last week of July would go ahead as scheduled.
Mexico
Rice Imports Projected to Rise in 2015/16 Marketing Year, Says USDA Post
Jul 27, 2015
Oryza
Afternoon Recap - Chicago Rough Rice Futures Dip Back below $11.000 per cwt on
Spillover Selling Pressure
Jul 27, 2015
Chicago rough rice futures for
Sep delivery settled 8.5 cent per cwt (about $2 per ton) lower at $10.960 per cwt
(about $242 per ton). The other grains finished the day sharply lower; Soybeans
closed about 3.3% lower at $9.3325 per bushel; wheat finished about 1.8% lower
at $5.0225 per bushel, and corn finished the day about 4.8% lower at $3.8325
per bushel.
U.S. stocks traded lower on
Monday as the continued decline in commodities and an overnight plunge in
Shanghai stocks pressured sentiment amid a lackluster earnings season. Stocks
struggled to remain above session lows. The S&P 500 briefly dipped below its
200-day moving average of 2,064.14 and attempted to hold above it. The energy
sector was one of the worst performers in the S&P 500 as oil extended
losses to trade below $48 a barrel. The Dow Jones industrial average fell more
than 150 points in the open as nearly all the blue chips declined. The Nasdaq
Composite declined more than 1%.Mainland Chinese stocks extended Friday's
losses, with the Shanghai Composite dropping nearly 8.5% for its largest
one-day loss since 2007. The Hang Seng closed about 3% lower.
The China Securities Regulatory
Commission said late Monday night that the local government will increase
purchases of stocks in an effort to keep the equity market up. Stocks around
the world closed lower on Friday as weak PMI data in China and the euro zone
increased global growth concerns. European stocks closed lower, with the DAX
off about 2.5% Monday. U.S. stock index futures gave up early gains to trade
lower, with Dow Jones industrial average futures down more than 100 points. The
Dow Jones Industrial Average traded down 136 points, or 0.78%, at 17,432. The
S&P 500 traded down 12 points, or 0.55%, at 2,068, with information
technology leading eight sectors lower and utilities and telecommunications the
only advancers. The Nasdaq traded down 47 points, or 0.92%, at 5,041. Gold is
trading about 0.9% higher, crude oil is seen trading about 1% lower, and the
U.S. dollar is seen trading at about 0.8% lower at about 1:15pm Chicago
time.
Friday, there were 510 contracts
traded, down from 528 contracts traded on Thursday. Open interest – the number
of contracts outstanding – on Friday decreased by 21 contracts to 8,602.
Vietnam
Exports About 2.926 Million Tons Rice During January 1 – July 23, 2015
Jul 27, 2015
Vietnam exported about 2.926
million tons of rice in January 1 - July 23, 2015, down about 19% from about
3.63 million tons of rice exported in first seven months of 2014, according to
data from the Vietnam Food Association (VFA). The average rice export price so
far in this year stands at about $414 per ton (FOB), down about 4% per ton from
about $431 per ton recorded during same last year.
During July 1-23, 2015, Vietnam
exported about 213,619 tons of rice, down about 65% from about 615,844 tons
rice exported in full month of July 2014, and down about 66% from about 632,010
tons rice exported in full month of June 2015. The average export price so far
in July stands at about $380 per ton, down about 12% per ton from a year ago
and down about 6.5% per ton from a month ago.
Pakistan
Exports Increase 6% y/y to 3.93 Million Tons in FY 2014-15
Jul 27, 2015
Pakistan exported around 3.93
million tons of rice in FY 2014-15 (July-June), up about 6% from around 3.72
million tons exported in FY 2013-14, according to preliminary data from the
Pakistan Bureau of Statistics (PBS).
In terms of value, Pakistan
earnings declined about 6% to around $2.035 billion in FY 2014-15 from around
$2.163 billion in FY 2013-14 due to a decline in global rice prices since the
beginning of this year.
Pakistan's basmati rice exports
declined sharply in FY 2014-15. Pakistan exported around 495,649 tons of
basmati rice during the fiscal year, down about 667,523 tons exported in the
last fiscal year. In terms of value, Pakistan's basmati rice exports earned
around $533 million, down about 31% from around $770 million last year.
Pakistan exported around 3.43
million tons of non-basmati rice in FY 2014-15, up about 26% from around 2.73
million tons exported last year. In terms of value, Pakistan's non-basmati rice
exports earned around $1.5 billion, up about 8% from around $1.39 billion last
year.
Myanmar
Prepares to Send First Legal Rice Export Shipment to China
Jul 27, 2015
The MAPCO has reportedly invited
companies to invest about one million kyat (around $9,043) each and MAPCO will
coordinate buying and selling rice with this investment.China is a major
destination for Myanmar rice, but most of the rice is exported to China through
Myanmar's northern borders. However, the Chinese authorities banned unofficial
exports through borders in August 2014 seeking a trade agreement between the
two countries. China is particular that the exported rice meets its quality and
health standards.Myanmar exported about 1.8 million tons of rice in FY 2014-15,
of which around 1.1 million tons were exported to China.
USDA estimates Myanmar to produce
20 million tons of paddy rice (around 12.8 million tons, milled basis) and
export around 2 million tons of rice in MY 2015-16 (January - December 2015).
Download/View
On-Line the above News in pdf format,just click the following link
No comments:
Post a Comment