Global Rice Quotes
August 26th, 2015
Long grain white rice - high quality
Thailand 100% B grade 370-380
↔
Vietnam 5% broken 325-335
↔
India 5% broken 360-370
↔
Pakistan 5% broken 325-335
↔
Myanmar 5% broken 405-415
↔
Cambodia 5% broken 425-435
↔
U.S. 4% broken 485-495
↔
Uruguay 5% broken 535-545
↔
Argentina 5% broken 530-540
↔
Long grain white rice - low quality
Thailand 25% broken 340-350
↔
Vietnam 25% broken 315-325
↔
Pakistan 25% broken 295-305
↔
Cambodia 25% broken 410-420
↔
India 25% broken 335-345
↔
U.S. 15% broken 460-470
↔
Long grain parboiled rice
Thailand parboiled 100% stxd 365-375 ↔
Pakistan parboiled 5% broken stxd 415-425 ↔
India parboiled 5% broken stxd 355-365 ↔
U.S. parboiled 4% broken 570-580
↔
Brazil parboiled 5% broken 545-555
↔
Uruguay parboiled 5% broken NQ
↔
Long grain fragrant rice
Thailand Hommali 92% 835-845
↔
Vietnam Jasmine 455-465
↔
India basmati 2% broken NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Mails 835-845
↔
Brokens
Thailand A1 Super 315-325
↔
Vietnam 100% broken 305-315
↔
Pakistan 100% broken stxd 280-290
↔
Cambodia A1 Super 350-360
↔
India 100% broken stxd 295-305
↔
Egypt medium grain brokens NQ
↔
U.S. pet food 335-345 ↔
Brazil half grain NQ
↔
All prices USD per ton, FOB vessel, oryza.com
Experts Urge Government of
Vietnam to Ease Rice Export Regulations
Aug
26, 2015
Experts have noted that several binding regulations for exporters have been
hindering Vietnamese rice exports, according to local sources.
Speaking at a workshop in Hanoi on August 25, the Deputy Director of the
National Agricultural Extension Center suggested the government to loosen the
existing rice export regulations to encourage exporters. He noted that Vietnam
government requires rice exporters to have large processing plants and
storehouses to qualify for exporting rice. However, Thailand allows even small
exporters to export rice, he added.
Other speakers also suggested the government to change the transfer of land
ownership Act as the current law does not have landowner retention limit. They
urged the government to include the landowner retention limit of 3 hectares to
help the small scale farmers.
They noted that though Vietnam exports over 6 million tons of rice
annually, exporters' and farmers' incomes have been low compared to their
counterparts in Thailand.
They also reiterated that since Vietnamese rice exporters are facing a
stiff competition with India, Pakistan and the U.S., easing of export
regulations could help boost Vietnamese rice exports.
Vietnam exported about 3.343 million tons of rice in January 1 - August 13,
2015, down about 22% from about 4.26 million tons of rice exported in first
eight months of 2014, according to data from the Vietnam Food Association
(VFA).
Bangladesh Rice Farmers Advised
to Preserve Indigenous Rice Varieties
Aug
26, 2015
Bangladesh rice farmers have been advised to preserve as well as increase
production of indigenous rice varieties such as 'Parija' through modern
technologies, according to local sources.
Speaking at a training session organized for farmers of Rangpur District,
experts advised the agricultural officers to disseminate the latest seed
technology among farmers and educate them on production, preservation and
management of Parija rice seeds.
The Chief Guest of the session suggested various means to preserve seeds of
Parija rice. She also note that expanding Parija rice farming does not require
additional irrigation as its plants grow well with the unused seasonal rain
waters between May and July of the year. The official added that farmers
would be largely benefited through producing and preserving Parija rice seeds
especially during price hikes.
Some farmers have already started cultivation of Parija rice in rotation
with other crops such as mustard, potato or mungbean.
Nepal 2015-16 Rice Planting Lags
Behind Last Year by 3% Due to Unfavorable Monsoons
Aug
26, 2015
Oryza.com
-
Planting for Nepal 2015-16 rice crop is lagging by 3% over last year due to
unfavorable monsoons , local sources quoted the Ministry of Agricultural
Development (MoAD).
According to data from the MoAD, rice planting area stood at around 1.487 million
hectares as of August 24, 2015, down 3% from around 1.533 million hectares
planted last year. The current acreage accounts for about 87% of the country's
total acreage.
Rice planting area in the High Hills region stood at around 61,620 hectares
(about 91% of the total acreage in the region), area in the Mid Hills region
stood at around 409,393 hectares (around 92% of total acreage in the region),
and area in the Tarai region stood at around 1.015 million hectares (about 86%
of the total acreage in the region).
Largest decline in acreage in the Tarai region, the rice bowl of Nepal, is
raising concerns of low rice production as well as food insecurity in the
country. Last year by this time, about
However, the MoAD officials have assured that they are planning to install
shallow tube wells in the five hard-hit districts of Tarai to speed up the
planting process. Normally planting operations are concluded by the end of
August.
The Spokesman of the MoAd told reporters that only 30% of the total
cultivation area is covered with irrigation facilities. Lack of adequate
irrigation facilities is the major challenge for Nepal's rice sector, he added.
Paddy contributes to 20% to the total agricultural production in Nepal and
about 7% of the country's GDP.
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 rainfalla
Oryza Afternoon Recap - Chicago
Rough Rice Futures Slip as U.S. Grain Prices are Dragged Lower by Global
Economic Concerns
Aug
26, 2015
Chicago rough rice futures for Nov delivery settled 2.5 cents per cwt
(about $1 per ton) lower at $11.600 per cwt (about $256 per ton). The other
grains finished the day lower, as they continued to be weighed down by
macroeconomic conditions; Soybeans closed about 1.5% lower at $8.6500 per
bushel; wheat finished about 1.1% lower at $4.9425 per bushel, and corn
finished the day about 1% lower at $3.7325 per bushel.
U.S. stocks jumped Wednesday, attempting for a second day to bounce from a
recent plunge, as investors eyed a solid durable-goods report and stimulus in
China. The major averages traded about 2% higher. The Dow Jones industrial
average held more than 300 points higher in early afternoon trade, after
spiking 433 points in the open. Stocks traded in a range throughout the day,
paring gains after European stocks closed lower and spiking on morning comments
from New York Federal Reserve President William Dudley. The Fed's Dudley said
in a question-and-answer session that a September rate hike looks "less
compelling.
" In prepared remarks, he said
the region is doing well, and said NYC job strength is linked to tech. Orders
for durable goods for July rose 2.2%, above the expected 0.1% rise, but down
from the 3.4% gain last month. The Shanghai composite closed down 1.3% after
fluctuating throughout the day. The Hang Seng also closed lower, while Japan's
Nikkei jumped 3.2%. European stocks closed lower but off sharp initial lows.
The Dow Jones industrial average traded up 293 points, or 1.9%, at 15,963. The
S&P 500 traded up 34 points, or 1.8%, at 1,902, with information technology
leading all 10 sectors higher. The Nasdaq traded up 89 points, or 1.97%, at
4,595. Gold is trading about 0.9% lower, crude oil is seen trading about 0.9%
lower, and the U.S. dollar is seen trading about 0.5% higher about 1:15pm
Chicago time.Tuesday, there were 3,287 contracts traded, up from 2,612
contracts traded on Monday. Open interest – the number of contracts outstanding
– on Tuesday increased by 33 contracts to 10,827.
Oryza Overnight Recap – Chicago
Rough Rice Futures Higher Overnight as Markets Continue to Turn to Outside
Markets for Directional Ques
Aug
26, 2015
Chicago rough rice futures for Nov delivery are currently paused 5.5 cents
per cwt (about $1 per ton) higher at $11.680 per cwt (about $257 per ton) ahead
of floor trading in Chicago. The other grains are seen trading mostly
higher ahead of early morning action; soybeans are currently seen trading about
0.1% lower, wheat is listed about 0.3% higher and corn is currently noted about
0.3% higher.
U.S. stock index futures pointed to
a sharply higher open on
Wednesday after a highly-volatile session for China's Shanghai
Composite, with investors left largely unimpressed by the stimulus measures
from the People's Bank of China. Futures extended gains, with the Dow
indicating a higher open, rising more than 350 points and implying a plus-450
point open after China's central bank said on Wednesday it had injected 140 billion yuan ($21.8
billion) into the interbank money market via short-term liquidity operations
(SLOs).
The Peoples' Bank of China fired a
double-barrelled easing shot on
Tuesday — lowering interest rates and the reserve requirement ratio
(RRR) by 25 basis points and 50 basis points respectively - but this was not
enough to reassure markets of slowing growth fears. Investors are finding it
difficult to know which direction to turn, with global indices flipping wildly
between gains and losses after brutal selling seen at the start of the week.
China's benchmark Shanghai Composite finished down 1.3% after fluctuating
throughout the day.Wednesday's markets
are expected to take their cue again from the action in China, but there will
also be plenty of speculation about the Fed and when it might raise rates. Gold
is currently trading about 1% lower, crude oil is seen trading about 0.9%
higher, and the U.S. dollar is currently trading about 0.4% higher at 8:15am Chicago time.
Asia Rice Quotes Unchanged Today
Aug
26, 2015
Asia rice sellers kept their quotes mostly unchanged today.
5% Broken Rice
Thailand 5% rice is indicated at around $360 - $370 per ton, about $35 per
ton premium on Vietnam 5% rice shown at around $325 - $335 per ton. India 5%
rice is indicated at around $360 - $370 per ton, about $35 per ton premium on
Pakistan 5% rice shown at around $325 - $335 per ton.
25% Broken Rice
Thailand 25% rice is shown at around $340 - $350 per ton, about $25 per ton
premium on Vietnam 25% rice shown at around $315- $325 per ton. India 25% rice
is indicated at around $335 - $345 per ton, about $40 per ton premium on
Pakistan 25% rice shown at around $295 - $305 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $365 - $375 per ton. India
parboiled rice is indicated at around $355- $365 per ton, about $60 per ton
discount to Pakistan parboiled rice last shown at around $415 - $425 per
ton.
100% Broken Rice
Thailand broken rice, A1 Super, is indicated at around $315 - $325 per ton,
about $10 per ton from premium on Vietnam 100% broken rice shown at around $305
- $315 per ton. India's 100% broken rice is shown at around $295 - $305 per
ton, about $15 per ton premium on Pakistan broken sortexed rice shown at around
$280 - $290 per ton.
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