Global
Rice Quotes
July 7th, 2015
Long grain white rice - high quality
Thailand 100% B grade 385-395
↑
Vietnam 5% broken 345-355
↔
India 5% broken 380-390
↔
Pakistan 5% broken 375-385
↔
Myanmar 5% broken 415-425
↔
Cambodia 5% broken 425-435
↔
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 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 440-450
↔
Long grain parboiled rice
Thailand parboiled 100% stxd 385-395 ↑
Pakistan parboiled 5% broken stxd 415-425 ↔
India parboiled 5% broken stxd 365-375 ↔
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 490-500
↑
India basmati 2% broken NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Mails 835-845
↔
Brokens
Thailand A1 Super 315-325
↔
Vietnam 100% broken 315-325
↑
Pakistan 100% broken stxd 285-295
↔
Cambodia A1 Super 350-360
↔
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
Italian Rice Sector May Not Benefit Much from New Agriculture Bill
Jul 07, 2015
A new bill from the
Italian Ministry of Agriculture is expected to help national agriculture and
reorganize domestic market but may be little useful to the rice sector, say
local sources.
The Italian rice
sector consists of several rice varieties and it cannot be considered as a
single product, according to a document by the Senator Stefano Candiani. In the
document, which was approved by the Italian Parliament, the Senator confirms
that in one year about 120 varieties of rice have been traded, for about 32,000
tons a week. He noted in the document that the government has to "consider
the peculiarities of Italian rice growing sector, preserving rules and
quotations modalities" to support domestic rice production, thus saving
still five grain exchanges.
Currently, rice is
traded in nine exchanges in Italy, including those in Vercelli, Mortara,
Novara, Pavia, Milan, Bologna, Verona and Mantua. However, it is expected that
the new Agriculture Bill will restrict to the first five.
The Bill is expected to
introduce for most of the national sectors a Unique National Commission (CUN),
which would fix a common price for commodities across the country through
telematic exchanges. But, this may not be possible for rice due to the presence
of a number of varieties
Brazil Paddy Rice Index Increases Slightly from Last Week
Jul 07, 2015
The
Brazilian paddy rice index maintained by CEPEA reached around 33.76 real per 50
kilograms as of July 7, 2015, up about 0.57% from around 33.57 real per 50
kilograms recorded on June 29, 2015.In terms of USD per ton, the index reached
around $215 per ton on June 22, 2015, up about 0.43% from around $214 per ton
recorded on June 29, 2015.
Chinese Researchers Identify Genes to Improve Rice Quality and Yield
Jul 07, 2015
Two groups of
Chinese researchers have identified a gene called LOC_Oso7g41200 that can be
altered to simultaneously improve the quality as well as yield of rice,
according to two studies published in the journal Nature Genetics.
One team of
researchers crossed two rice varieties, one a widely-grown but mediocre variety
and other a better variety but less abundant, to find a genetic variant
that could be altered to improve the quality of grains. They found that by
replacing the LOC_Oso7g41200 gene with a variant called GW7, the size of the
rice grains can be improved without impacting yield. Researchers noted that
grains became long and slender due to an increased cell division in the
longitudinal direction and decreased cell division in the transverse
direction. Manipulation of these two genes can simultaneously improve
rice yield and grain quality, they said.
Another team of
researchers found that when the same gene LOC_Oso7g41200 is supplemented by
another gene variant called GL7, the length of the grains as well as appearance
can be improved without sacrificing yield.
Rice genecists have
welcomed the research as it had been challenge for researchers to
simultaneously improve both quality and yield of rice grains.
The current research
is expected to ensure a steady supply of quality rice to meet the global
demand.
Oryza Afternoon Recap - Chicago Rough Rice Futures Continue to Show
Strength despite Negative Results for Other Grains
Jul 07, 2015
Chicago rough rice
futures for Sep delivery settled 8 cents per cwt (about $2 per ton) higher at
$10.895 per cwt (about $240 per ton). The other grains closed lower today;
Soybeans closed about 2.9% lower at $9.8575 per bushel; wheat finished about
1.7% lower at $5.8525 per bushel, and corn finished the day about 0.8% lower at
$4.2325 per bushel.
U.S.
stocks pared earlier losses on Tuesday, with the S&P 500 briefly trading
back in positive territory after falling below its 200-day moving average, as
investors awaited developments in the Greece debt crisis. The S&P 500 fell
below that key level for its first time since October 20, joining the Dow Jones
industrial average in negative territory for the year. The blue chip index is
about 1% lower for the year and briefly traded positive after falling more than
200 points. Euro zone leaders held an emergency summit in Brussels to discuss
Greece.
The
European Union later said all 28 of its heads of state will convene to discuss
Greece's situation on Sunday. Greece will submit a new aid proposal to European
creditors "maybe" on Wednesday, euro zone officials said, with
Athens' European partners convening in Brussels for emergency talks. However,
the government's latest proposals differ only slightly from previous versions,
German media reported. In U.S. economic data, May international trade numbers
showed that the U.S. trade deficit widened, fueled by a drop in exports. The
Dow Jones Industrial Average traded down 103 points, or 0.58%, at 17,581. The
S&P 500 traded down 8 points, or 0.4%, at 2,060, with information
technology leading six sectors lower and utilities and consumer staples leading
advancers. The Nasdaq traded down 50 points, or 1%, at 4,941. Gold is trading
about 1.1% lower, crude oil is seen trading about 2.4% lower, and the U.S.
dollar is seen trading at about 0.6% higher at about 1:00pm Chicago time.
Monday, there were
2,154 contracts traded, up from 1,082 contracts traded on Thursday. Open
interest – the number of contracts outstanding – on Monday increased by 270
contracts to 9,520.
Italy Rice Expo Highlights Great Challenges Faced by Mankind, Says U.S.
Agriculture Secretary
Jul 07, 2015
The U.S. Secretary
of Agriculture Tom Vilsack who visited the Italy Rice Expo in Milan on July 4,
the U.S. Independence Day, said the Expo has been focusing on the great
challenges mankind must face: the right to food, to correct nutrition, the
problem of climate changes. That's why, it is important to be in this place, he
added.
He met the Italian
Agriculture Minister Maurizio Martina with the U.S. delegation. After the
official meeting the U.S. delegation were honored with an exhibition of dance
and music, a parade marching in Decumano, the central alley of Expo and a
concert by the Nasty Granny’s Blues Band.
Oryza Overnight Recap – Chicago Rough Rice Futures Maintain Upward Momentum
Despite Faltering Grain Prices Overnight
Jul 07, 2015
Chicago
rough rice futures for Sep delivery are currently seen paused 6.5 cents per cwt
(about $1 per ton) higher at $10.880 per cwt (about $240 per ton) ahead of
floor trading in Chicago. The other grains are seen trading lower this
morning; soybeans are currently seen trading about 0.4% lower, wheat is listed
about 1.6% lower and corn is currently noted about 1.7% lower.U.S. stock index
futures indicated a higher open on Tuesday, recovering some of the previous
day's decline as investors waited to see how the crisis in Greece unfolds.
May
international trade numbers showed that the U.S. trade deficit widened, fueled
by a drop in exports. JOLTs job openings data comes at 10 a.m., and May
consumer credit figures at 3 p.m. Wall Street shares closed
lower on Monday amid heightened fears of a Greek exit from the euro
zone after voters in the country rejected creditors' bailout terms in a
referendum on Sunday. Euro zone finance ministers meet later on
Tuesday to discuss the crisis. European shares also reversed to trade
trade lower in early trade, while in Asia, Japan's blue-chip Nikkei closed 1.3%
higher and volatility continued to mark trade in Chinese stocks. The benchmark
Shanghai Composite fell more than 1% amid doubts that steps taken by Beijing in
the past week would shore up battered stock markets. Gold is currently trading
about 0.7% lower, crude oil is seen trading about 0.9% lower, and the
U.S. dollar is currently trading about 0.8% higher at 8:15am Chicago time.
IFAD Receives Award for Promoting Food Security at Italy Rice Expo
Jul 07, 2015
The International
Fund for Agricultural Development (IFAD) has received an award for the
"best sustainable development practices for food security" at the
Italy Rice Expo in Milan.
IFAD has been
specially recognized for promoting the system of rice intensification (SRI) in
African countries and helping them attain food security.
SRI is an
agro-ecological methodology for increasing the productivity of irrigated rice
by altering the management of plants, soil, water and nutrients. It is based on
the cropping principles of significantly reducing plant population, improving
soil conditions and irrigation methods for root and plant development, and
improving plant establishment methods. It helps to substantially increase rice
production and reduces water consumption by an average of 40% and in some cases
as much as 85%. It is relatively cheaper technique compared to conventional
methods of rice cultivation in irrigated lands.
The SRI was first
started in Madagascar in 1983 by a French Jesuit Father Henri de Laulanié. He
encouraged Madagascar rice farmers to adopt SRI method to improve rice
production as well as their livelihoods. By 1990, he set up an NGO, the
Association Tefy Saina (which translated means: ‘to improve the mind’) to work
with farmers, other NGOs, and agricultural professionals. He encouraged farmers
to share the knowledge with other farmers and help them increase their
production and contribute to the national food security. The benefits of the
method also encouraged farmers in Rwanda and Burundi to adopt it.
Today, SRI is
practiced in about 50 countries and by nearly 5 million farmers worldwide.
Thailand Plans to Lend $1.6 Billion to Rice Farmers to Shift to Other Crops
Jul 07, 2015
The Bank for
Agriculture and Agricultural Cooperatives (BAAC) in Thailand is planning to
lend about 60 billion baht (around $1.6 billion) to rice farmers to encourage
them to shift to other crops, according to Bloomberg.
The BAAC will
propose the plan in a Board meeting on July 13, 2015, the Finance Minister was
quoted.
Half of the planned
lending amount will reportedly constitute short-term loans with an
interest rate of 4% per annum. The remaining half would constitute three-year
loans carrying an interest rate of 7% per annum.
The plan is expected
to reduce the total rice planting area in the country in the light of ongoing
drought conditions, lower rainfall and reducing water levels in reservoirs.
The government has
already advised farmers in the Central Region to delay rice planting till
August as it cut water supplies to more than half the rice area in the region
due to falling water levels in the Chao Phraya River Basin.
USDA Post Forecasts Pakistan MY 2014-15 Rice Exports to Increase 25% y/y to
4 Million Tons
Jul 07, 2015
USDA
Post estimates Pakistan MY 2014-15 (November 2014 - October 2015) rice exports
at around 4 million tons, up about 25% from last year and up about 5% from
USDA's official estimates of around 3.8 million tons, based on the pace of
exports in the first six months of the marketing year. It assumes an average
export pace of 250,000 tons per month.
Pakistan's
rice exports have reached about 2.5 million tons in the first six months of MY
2014-15. The Post reports that long grain exports have accounted for the bulk
of exports in the first six months. It also reports that stocks are adequate to
meet the export demand though usually export volumes tend to decline as harvest
approaches.The Post reports that the overall availability of water in the
country for kharif (summer) crops should be satisfactory though the
Meteorological Department has forecasted that the total amount of rainfall
during the upcoming monsoon season (July-September) will remain slightly below
normal due to above normal melt rate of glaciers.
Thailand, Vietnam, India Rice Sellers
Increase Some of Their Quotes Today; Pakistan Rice Quotes Unchanged
Jul 07, 2015
Thailand rice
sellers increased their quotes for 5% broken rice and parboiled rice by about
$5 per ton and $10 per ton to around $375-$385 per ton and $385-$395 per
ton, respectively, today. Vietnam rice sellers increased their quotes for 100%
broken rice and Jasmine rice by about $5 per ton each to around $315-$325 per
ton and $490-$500 per ton respectively. India rice sellers increased their
quotes for 100% broken rice by about $5 per ton to around $280-$290 per ton.
Pakistan rice sellers kept their quotes mostly unchanged
today.
5% Broken Rice
Thailand 5% rice is
indicated at around $375 - $385 per ton, up about a $5 per ton from yesterday
and about a $30 per ton premium on Vietnam 5% rice shown at around $345 -
$355 per ton. India 5% rice is indicated at around $380 - $390 per ton, about
$5 per ton premium on Pakistan 5% rice shown at around $375 - $385 per ton.
25% Broken Rice
Thailand 25% rice is
shown at around $350 - $360 per ton, about a $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 $385 - $395 per ton, up about a $10 per ton from
yesterday. India parboiled rice is indicated at around $365- $375per ton, about
a $50 per ton discount to Pakistan parboiled rice shown at around $415 - $425
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, up about a $5 per ton
from yesterday. India's 100% broken rice is shown at around $280 - $295 per
ton, up about a $5 per ton from yesterday and about a $5 per ton discount
to Pakistan broken sortexed rice shown at around $285 - $295 per ton.
Thailand Sells 1.148 Million Tons of Stockpiled Rice in Tender
Jul 07, 2015
The government of
Thailand sold about 1.148 million tons of stockpiled rice in the latest tender
on July 7, 2015 raising about 11.08 billion baht (around $327 million),
according to Reuters.
The Thai
military government auctioned about 1.39 million tons of rice in the tender.
This is the fourth tender in 2015 and eighth one since the military government
took over in May 2014. It sold a total of 3.88 million tons for around 40.90
billion baht ($1.2 billion) since it took over.The Commerce Ministry stated
that while 62 bidders were qualified for the latest tender, only 55 submitted
bids and 33 of them bid above the floor price."This tender had the highest
quantity of rice, both in terms of rice offered and sold," Reuters quoted
the Director-General of the Department of Foreign Trade under the Commerce
Ministry. The official noted that demand for rice was high as output from the
2015 main rice crop is expected to be severely impacted by ongoing drought
conditions.Thailand is experiencing drought conditions in 12 out of 76
provinces. The government has lowered its estimates for 2015 main rice crop
output by about 2.44 million tons or about 9% to around 24.135 million tons
from its previous estimate of around 26.576 million tons.
The Thai military
government currently holds over 16 million tons of rice in its warehouses and
is planning to sell about 10 million tons this year about six million tons next
year. It also is planning to sell about 5.89 million tons of spoilt rice to
industrial users in July.
Oryza U.S. Rough Rice Recap – Prices Firm in Sympathy with Stronger Futures
Jul 07, 2015
The U.S. cash market
was firmer today as seller prices ideas continue to increase in sympathy with a
stronger futures market and that even then the sell interest is extremely
limited.
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.
Pakistan Rice Exporters Oppose Proposed Closure of Agriculture Research Center
Jul 07, 2015
The Rice Exporters
Association of Pakistan (REAP) is opposing the proposed closure of the National
Agriculture Research Center (NARC), according to local sources.
A REAP release was
quoted as saying that the government has decided to close the NARC and use the
land for a proposed housing scheme.
The NARC is the
largest agricultural research center in the country with state-of-the-art
conventional and genome research facilities. The center has strong coordination
with provincial research institutes and has been providing strong support to
the country's agriculture. The center houses experimental fields, laboratories,
green houses, gene bank, library/documentation, auditorium, machinery and lab
equipment repair workshops, stores, hostels, cafeteria and audio visual
studios.
“Closing down the
centre will be detrimental for national agriculture, it will put back the
country many decades and affect not only our productivity but also exports,”
stated the REAP release.
The exporters urged
the Prime Minister to take a decision in view of the national interest and
importance of food security in the country.
They have been
criticizing the government for not encouraging novel rice research in the
country and new rice varieties have not been introduced in the country for a
very long time. Proposal to close the NARC in this situation may not be in the
interest of the country's rice sector.
Philippines
Floods Damage Rice Fields, Says Risk Agency
Jul
07, 2015
Floods in the La Union province
of the Philippines have affected nearly 11 coastal areas and several hectares
of rice land are reportedly submerged, Bloomberg quoted the Office of Civil
Defence Director.The floods are expected to lower paddy rice output and
accordingly more imports can be expected.
The National Food Authority (NFA)
has so far imported 750,000 tons of rice from Thailand (200,000 tons) and
Vietnam (550,000 tons) to maintain buffer stocks and curb price hikes. It is
authorized to import another 250,000 tons if El nino weather pattern
intensifies. The NFA council is likely to decide over the additional imports
this month. It also allowed private traders to import 805,200 tons of rice
under WTO's minimum access volume (MAV) quota at 35% tariff. 
In the second week of June, the Philippines
Statistics Authority (PSA) estimated 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 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.
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