Vietnam Exports About 3.49 Million Tons Rice January 1 – August 20, 2015
Aug 28, 2015
Vietnam exported
about 3.492 million tons of rice in January 1 - August 20, 2015, down about 18%
from about 4.26 million tons of rice exported in first eight 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 August 1-20,
2015, Vietnam exported about 191,304 tons of rice, down about 70% from about
627,089 tons rice exported in full month of August 2014, and down about 67%
from about 589,323 tons rice exported in full month of July 2015. The average
export price so far in August stands at about $423 per ton, down about 2% per
ton from a year ago and up about 6% per ton from a month ago.
Oryza Weekly Recap: Rice Market Impatiently Waiting for El Nino Market
Impact
Aug 28, 2015
The Oryza White Rice
Index (WRI), a weighted average of global white rice export quotes, ended the
week at about $387 per ton, down about $2 per ton from a week ago, down about
$16 per ton from a month ago and down about $89 per ton from a year ago.
Thailand
Thailand 5% broken
rice is today shown at about $360 per ton, unchanged from a week ago, down
about $15 per ton from a month ago and down about $85 per ton from a year ago.
Vietnam
Vietnam 5% broken
rice is today shown at about $330 per ton, down about $5 per ton from a week
ago, down about $20 per ton from month ago and down about $120 per ton
from a year ago.
Vietnam’s rice
exports to Africa increased about 52% y/y to around 525,896 tons in the first
seven months of 2015.
Experts are urging
the government to ease rice export regulations.
India
India 5% broken rice
is today shown at about $365 per ton, unchanged from a week ago, down about $25
per ton from a month ago, and down about $75 per ton from a year ago.
Rice plants in the
Indian state of Punjab are showing signs of sheath blast in the ongoing kharif
rice crop.
Experts say that
choosing the right varieties can help sustain rice yields that may suffer due
to El Nino. Delayed planting and unevenly distributed rains will likely
hamper 2015-16 rice production, although the ongoing kharif rice acreage is
ahead of last year as of August 21.
Pakistan
Pakistan 5% broken
rice is today shown at about $330 per ton, down about $5 per ton from a week
ago, down about $45 per ton from a month ago and down about $110 per ton from a
year ago.
Central & South America
Brazil 5%
broken rice is today shown at about $500 per ton, unchanged from a week and a
month ago and down about $110 per ton from a year ago.
Five percent broken
rice from Uruguay and Argentina is today shown at about $540 per ton, unchanged from a
week and a month ago, and down about $75 per ton from a year ago.
The government of Guyana plans to implement a rice-marketing plan to improve
productivity, reduce production costs, enhance operational efficiency in rice
mills, and develop value-added products for export.
U.S.
U.S. 4% broken rice
is today shown at about $490 per ton, unchanged from a week ago, down about $15
per ton from a month ago and down about $50 per ton from a year ago.
Chicago rough rice
futures for September delivery started the week higher before dropping mid-week
and then regaining strength to close at $11.475 per cwt (about $253 per ton)
Friday, down slightly from its open at $11.650 per cwt (about $257 per ton)
Monday morning.
Other Markets
Iraq
has invited international tenders to purchase about 30,000 tons of rice from
the U.S., Uruguay, Argentina, Brazil, and India, and the last date for
submitting bids is September 6.
The European
Union imported a record 1.143 million tons
of rice in the first eleven months of crop year 2014-15 (September-August), an
increase of about 13% from the previous year.
The government of Liberia is inviting tenders from eligible and qualified Liberian
owned businesses for the supply of Dry Ration (rice) during 2015-16.
September 9 is the last date for submission of bids.
The Kuwait Fund for Arab Economic Development has signed an
agreement with the government of Chad to provide about 4 million Kuwaiti Dinars (around $13.6
million) to help boost rice production in Chad.
The Philippines is aiming to produce about 20.09 million tons of paddy
rice in 2016, an increase of about 6.5% from this year. However, the
Philippines Food Secretary has declared that there is a need to import more
rice in 2015.
Spanish
quotations for both paddy and milled rice remained relatively stable during the
week August 3 – August 9, compared to those in the week of July 27 – August 2.
Ongoing drought
conditions in Indonesia are
expected to reduce its 2015 paddy rice production by about 800,000 tons, down
from an estimated 75.5 million tons. However, the government is
optimistic that it will achieve surplus rice production in 2015, ruling out the
need for imports.
Planting for Nepal’s 2015-16 rice crop is lagging by 3% from last year due
to unfavorable monsoons.
The USDA Post
forecasts Myanmar 2015-16
rice exports to decline by about 250,000 tons as the government will take
measures to replenish stocks in the areas affected by recent floods.
Starting September
1, Egypt plans to reinstate
its ban on rice exports in order to fulfill domestic demand.
Thailand Rice Sellers Lower Some of Their Quotes Today; Other Asia Rice
Quotes Unchanged
Aug 28, 2015
Thailand rice
sellers lowered their quotes for parboiled rice by about a $5 per ton to
about $360-$370 per ton today. Other Asia rice sellers kept their quotes
mostly unchanged today.
5% Broken Rice
5% Broken Rice
Thailand 5% rice is
indicated at around $360 - $370 per ton, about a $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 a $30 per ton premium on Vietnam 25%
rice shown at around $310- $320 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 $360 - $370 per ton, down about a $5 per ton from
yesterday.
India parboiled rice
is indicated at around $355- $365 per ton, about a 60 per ton discount to
Pakistan parboiled rice was last shown at around $415 - $425 per ton.
100% Broken Rice
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 a $15 per ton premium
on Pakistan broken sortexed rice shown at around $280 - $290 per ton.
Global Rice Quotes
August 28th, 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 310-320 ↔
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 360-370 ↓
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 830-840 ↔
Brokens
Thailand A1 Super 315-325 ↔
Vietnam 100% broken 305-315 ↔
Pakistan 100% broken stxd 280-290 ↔
Cambodia A1 Super 355-365 ↔
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
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