Asia Rice Quotes Unchanged Today
Aug
05, 2015
Asia rice sellers kept their quotes mostly unchanged today.
5% Broken Rice
Thailand 5% rice is indicated at around $365 - $375 per ton, about $30 per
ton premium on Vietnam 5% rice shown at around $335 - $345 per ton. India 5%
rice is indicated at around $385 - $395 per ton, about $40 per ton premium on
Pakistan 5% rice shown at around $345 - $355 per ton.
25% Broken Rice
Thailand 25% rice is shown at around $350 - $360 per ton, 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 $35 per ton premium on Pakistan 25%
rice shown at around $315 - $325 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $380 - $390 per ton. 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.
Bangladesh Develops New
Zinc-Enriched Rice Variety
Aug
05, 2015
The Bangladesh Rice Research Institute (BRRI) has developed a new
zinc-enriched rice variety BRRI Dhan72, which is also an early maturing and
high yielding variety, according to local sources.
BRRI Dhan72 is the second zinc-enriched Aman variety developed by the BRRI.
The first one, BRRI Dhan 62 was developed in August 2013 as the world's first
biologically fortified (bio-fortified) high-yielding zinc variety.
The National Seed Board released the new rice breed on July 12, 2015 and
the seeds will be made available for farmers for cultivation in the next Aman
season (June - November 2016).
Local sources noted that BRRI Dhan72 provides an yield of around 5.7 tons
per hectares compared to around 4.5 tons per hectare provided by its
predecessor BRRI Dhan62. They also noted that the newer variety is
nutritionally richer than BRRI Dhan62. It reportedly contains 22.8 milligram of
zinc per kilogram compared to around 19.8 milligram per kilogram of BRRI
Dhan62. The new variety also matures in 125 days.
Bio-fortification is a process used to increase nutritional value of crops,
and it can be done through conventional selective breeding or genetic
engineering. It is understood that the new rice variety has been bio-fortified
through conventional selective breeding.
The BRRI Director General told local sources that zinc is an important
nutrient and is vital for children's natural growth and immune system. He noted
that though it is found in a wide variety of fruits and vegetables, most of the
Bangladeshis cannot affor them. He therefore urged the government to encourage
to increase cultivation of the new rice variety. He added that of all Aman rice
varieties developed so far, BR11 is most popular among farmers. However, given
the benefits of BRRI Dhan72 over BR11, farmers must be encouraged to switch to
BRRI dhan72.
The research related to the development of BRRI Dhan72 has been funded by
the Bill and Melinda Gates Foundation.
USDA estimates Bangladesh to produce around 35 million tons of milled rice
(around 52.51 million tons, basis paddy) in MY 2015-16 (May - April), up about
1% from an estimated 34.5 million tons (around 51.76 million tons, basis paddy)
in MY 2014-15. It estimates Bangladesh to import around 1.1 million tons of
rice in 2015, up about 45% from an estimated 751,000 tons in 2014.
Global Rice Quotes
August
5th, 2015
Long grain white rice - high quality
Thailand
100% B grade 375-385 ↔
Vietnam
5% broken 335-345 ↔
India
5% broken 385-395 ↔
Pakistan
5% broken 345-355 ↔
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 315-325 ↔
Cambodia
25% broken 410-420 ↔
India
25% broken 350-360 ↔
U.S.
15% broken 445-455 ↔
Long grain parboiled rice
Thailand
parboiled 100% stxd 375-385 ↔
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% 860-870 ↔
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
Oryza Afternoon Recap - Chicago
Rough Rice Futures Trade Higher Supported by Rally in Grain Prices and Despite
Falling Crude
Aug
05, 2015
Chicago rough rice futures for Sep
delivery settled 8.5 cents per cwt (about $2 per ton) higher at $11.540 per cwt
(about $254 per ton). The other grains finished the day higher; Soybeans closed
about 1.2% higher at $9.5325 per bushel; wheat finished about 1.7% higher at
$5.0200 per bushel, and corn finished the day about 1.2% higher at $3.8325 per
bushel.
U.S. stocks traded in a range on
Wednesday as a renewed decline in oil and some disappointing earnings weighed
on investor sentiment, amid data and mixed comments from Fed speakers on the
timing of a rate hike. Stocks gave back early gains in midday trade as oil
reversed to trade more than 1% lower as investors remained concerned about
oversupply. Energy was one of two lagging sectors in the S&P 500. In
economic news, the ADP report came in at 185,000, below expectations for
215,000 private-sector payrolls.
The July trade report posted a
deficit of $43.84 billion. The Dow Jones Industrial Average traded down 19
points, or 0.11%, at 17,532. The S&P 500 traded up 5 points, or 0.26%, at
2,098, with information technology leading eight sectors higher and energy and
consumer discretionary the only laggards. Consumer staples hit an all-time
high. The Nasdaq traded up 33 points, or 0.65%, at 5,138. Gold is trading about
0.5% lower, crude oil is seen trading about 1.3% lower, and the U.S. dollar is
seen trading nearly unchagned at about 1:00pm Chicago time.
Tuesday, there were 2,766 contracts traded, up from 1,100
contracts traded on Monday. Open interest – the number of contracts outstanding
– on Tuesday increased by 471 contracts to 9,418
Government of Thailand Expects
Fifth Rice Auction to Draw High Interest
Aug
05, 2015
The government of Thailand is expecting the upcoming and fifth rice auction
on August 11 would attract high interest from traders as the current demand for
white and jasmine rice are high during the harvest season, Bloomberg quoted the
Deputy Director General of the Foreign Trade Department (FTD).
The Commerce Ministry has offered to auction about 668,000 tons of
stockpiled rice, comprising 11 types of rice, on August 11.
The FTD official noted that prices may not be impacted due to the auction
as demand for Thai rice in high in the international markets amid concerns of a
low production in India due to a dry spell as well as floods in Myanmar.
However, resumption of rains in some areas have eased the drought problem and
prices may fall to some extent, she said.
Currently, export prices of Thai 5% rice are at around $365 per ton and
those of Thai jasmine rice are at around $865 per ton.
The government still has about 15.11 million tons of rice in its
stockpile.
Oryza Overnight Recap – Chicago
Rough Rice Futures Move Higher on Supportive Action in US Grain Markets
Aug
05, 2015
Chicago rough rice futures for Sep
delivery are currently seen trading 8 cents per cwt (about $2 per ton) higher
at $11.535 per cwt (about $254 per ton) during early floor trading in
Chicago. The other grains are seen trading higher this morning; soybeans
are currently seen trading about 1.1% higher, wheat is listed about 0.8% higher
and corn is currently noted about 0.7% higher.
U.S. stocks traded higher on Wednesday as investors
digested economic data and mixed comments from Fed speakers on the timing of a
rate hike. In economic news, the ADP report came in at 185,000, below
expectations for 215,000 private-sector payrolls. Earlier, futures fluctuated
ahead of the ADP payroll data, which is not seen as an exact preview for Friday's jobs report but it
can give directional hints, and the market watches it for any big surprises.
Meanwhile, economists forecast 223,000 nonfarm payrolls in the government's
employment report Friday,
and that is one of the final key pieces of data the Fed will review before it
September meeting.
Overnight, markets digested hawkish
comments from FOMC voting member and Atlanta Fed President Dennis Lockhart who
spoke to The Wall Street Journal. Lockhart said the economy is ready for an
increase in short term rates and it would have to deteriorate significantly for
it to persuade him not to move. The Dow Jones Industrial Average traded up 46
points, or 0.26%, at 17,595. The S&P 500 traded up 12 points, or 0.55%, at
2,104, with energy leading nine sectors higher and consumer discretionary the
only declining sector. The Nasdaq traded up 30 points, or 0.60%, at 5,136. Gold
is currently trading about 0.1% lower, crude oil is seen trading about 1.6%
higher, and the U.S. dollar is currently trading about 0.2% lower at 9:00am Chicago time.
South Korea Purchases 11,000
Tons of Non-Glutinous Rice in Tender
Aug
05, 2015
South Korea's state run Agro
Fisheries & Food Trade Corporation (KAFTC) has purchased 11,000 tons of
non-glutinous brewers milled rice of Vietnamese origin at around $384.40 per
ton for delivery by November 15, 2015, according to a statement on its website.
KAFTC originally sought to purchase about 41,000 tons of non-glutinous rice via five international tenders for which the bidding took place on July 31, 2015. The agency announced results for four tenders on the same day and announced results for the remaining 11,000 tons today after sample tests.
KAFTC originally sought to purchase about 41,000 tons of non-glutinous rice via five international tenders for which the bidding took place on July 31, 2015. The agency announced results for four tenders on the same day and announced results for the remaining 11,000 tons today after sample tests.
Kuwait to Provide $13.6 Million
Loan to Chad to Boost Rice Production
Aug
05, 2015
Kuwait will help support rice production in Chad with a loan of KD 4
million (around $13.6 million), according to local sources.
The Kuwait Fund for Arab Economic Development (KFAED) has signed a loan
agreement with the government of Chad to help fund rice production in
Chari-Logone perennial rice system. KFAED's Deputy Director and Chad's Minister
of Planning and International Cooperation signed the loan agreement.
The KFAED officials told in a press statement that the fund aims to provide
sustainable water sources to irrigate 400 acres (around 160 hectares), increase
farmers incomes as well as promote food security in the country.
According to USDA, Chad produces around 110,000 tons of milled rice and
imports around 30,000 tons to meet an annual consumption demand of around
144,000 tons.
Timely, Adequate Monsoon Rains
Expected to Reduce Rice Production Costs, Stabilize Prices in Pakistan
Aug
05, 2015
Experts also noted that the adequate monsoon rains are expected to
stabilize rice prices during the year.
In the July Crop Monitoring System
Bulletin, the National Space Agency of Pakistan (SUPARCO) and UN’s Food and
Agriculture Organization (FAO) report that the Federal Committee on Agriculture
(FCA) has fixed the 2015-16 (July - June) milled rice production target at
around 6.902 million tons (around 10.21 million tons, basis paddy) from around
2.836 million hectares. It is targeting an yield of around 2.434 tons per
hectare in 2015-16.USDA estimates Pakistan's MY 2014-15 (November - October)
milled rice production to increase about 3% to around 6.9 million tons (around
10.35 million tons, basis paddy) from around 6.7 million tons last year.
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