Global Rice Quotes
September 11th, 2015
Long grain white rice - high quality
Thailand 100% B grade 355-365
↔
Vietnam 5% broken 320-330
↔
India 5% broken 375-385
↑
Pakistan 5% broken 315-325
↔
Myanmar 5% broken 420-430
↔
Cambodia 5% broken 420-430
↔
U.S. 4% broken 530-540
↔
Uruguay 5% broken 535-545
↔
Argentina 5% broken 530-540
↔
Long grain white rice - low quality
Thailand 25% broken 330-340
↔
Vietnam 25% broken 315-325
↔
Pakistan 25% broken 290-300
↔
Cambodia 25% broken 405-415
↔
India 25% broken 340-350
↔
U.S. 15% broken 500-510
↔
Long grain parboiled rice
Thailand parboiled 100% stxd 345-355 ↓
Pakistan parboiled 5% broken stxd 415-425 ↔
India parboiled 5% broken stxd 360-370 ↑
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% 810-820
↔
Vietnam Jasmine 450-460
↔
India basmati 2% broken NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Mails 830-840
↔
Brokens
Thailand A1 Super 305-315
↔
Vietnam 100% broken 310-320
↔
Pakistan 100% broken stxd 275-285
↔
Cambodia A1 Super 355-365
↔
India 100% broken stxd 300-310
↔
Egypt medium grain brokens NQ
↔
U.S. pet food 335-345 ↔
Brazil half grain NQ
↔
All prices USD per ton, FOB vessel, oryza.com
Bangladesh Researchers Develop New Transgenic Saline-Tolerant Rice Varieties to Boost Production in Coastal Belt
Sep 11, 2015
A team of
Bangladeshi researchers led by Professor Zeba Islam Seraj of Dhaka University
developed four transgenic saline-tolerant rice varieties, which are capable of
producing 50% higher yield than the saline-tolerant varieties currently used,
according to Daily Star.
The researchers
infused a particular pea gene 'helicase' that contains into four high
yielding rice varieties (HYVs) BRRI Dhan-28, BRRI Dhan-29, BRRI Dhan-36 and
BRRI Dhan-47. They procured 'helicase' from the International Center for
Genetic Engineering and Biotechnology (ICGEB) and then using Agrobacterium as
carrier infused the salt-tolerance vigour into home-grown rice variety
Binnatoa. Then the researchers crossed the helicase-infused Binnatoa with the
four selected HYVs.
Agrobacterium is an
important material in genetic engineering as it is capable of transferring
organism's genetic information between itself and plants.
The team is
initially focussing on two transgenic varieties derived from BRRI Dhan-28 and
BRRI Dhan-47 as they are considered to have higher yield potential and higher
resistance to salinity. The team leader told local sources that the two rice
varieties would be put on confined trials inside BRRI's transgenic greenhouse
followed by field trials once they receive permission from the biosafety
regulators. She noted that the farmers can have the transgenic rice for
cultivations in two to three years, provided the trials are successful.
"There are
salinity level up to 15/16 decisiemens per metre in coastal regions but even if
we can cover 50% of the moderate salinity-prone farmland under transgenic rice,
the country's rice productivity would have a significant boost," she said.
The Agriculture
Minister noted that the new rice breeds that could withstand salinity would
support the government's policy of promoting Boro in the southern coastal
regions and rain-fed Aman and Aus in the northern regions.
Brazil Rice Stocks Decline Slightly to 124,777 Tons in August 2015
Sep 11, 2015
Brazil rice stocks
stood at around 124,777 tons in August 2015, slightly down from around 127,785
tons in July 2015 and down about 77% from around 538,747 tons in August 2014,
according to the country's national grain supplying agency Conab.
According to Conab,
rice stocks with the Selling Option Contract of Agricultural Products (OPCAO)
the Federal Government Acquisition (AGF) remained unchanged from last month's
level of 72,558 tons and 52,213 tons respectively. They were down about 78% and
about 75% respectively from their year-ago levels of 326,607 tons and 211,201
tons. Rice stocks with farmers (Agricultural Familiar) stood at around 6 tons
in August 2015, down 57% from around 14 tons in July 2015 and down about 99%
from around 939 tons in August 2014.
In August 2015,
Brazil’s National Grains Supply Company (Conab) has forecasted the country's
2014-15 paddy rice production at around 12.432 million tons (around 8.45
million tons, basis milled), up about 2.6% from around 12.121 million tons
(around 8.24 million tons, basis milled) in 2013-14, and slightly down from its
July forecast of around 12.499 million tons.
China May Sign Rice Import Agreement with U.S. Shortly
Sep 11, 2015
China has agreed to
open its rice import market to the U.S. rice and is likely to sign an agreement
with the U.S. government shortly, a move that would end more than a decade long
negotiations, according to Politico.
The China's General
Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) reportedly
informed the U.S. Department of Agriculture that it would sign a proposal that
establishes the phytosanitary or pest control rules necessary to allow U.S.
rice into China. Though the timing of the deal is still not clear, the U.S.
rice industry representatives are optimistic about the development.
"We're
confident that we're in the very final phase of all of this and it appears that
we'll have a signed protocol before the end of September," the President
of the U.S. Rice Producers Association was quoted. Sources say the deal would
be finalized during the Chinese Premier's visit to the U.S. later this month.
The USDA sent its
latest phytosanitary protocol to China last month but the U.S. rice sector was
not confident whether the Chinese government would accept the proposal. The
U.S. government has for a long time refused the Chinese demand to label the
shipments based in the varieties of rice included in the blends of grain. The
U.S. has been maintaining that a phytosanitary deal concerns about plant pest
and disease safeguards and not labelling issues. However, the USDA agreed to
inform the Chinese government about any kind of pests and beetles detected in
the U.S. mills.
China originally
agreed to import at least 2.7 million tons of U.S. rice when it joined the
World Trade Organization (WTO) in 2001. But several issues have been hindering
a deal between the two countries.
USDA forecasts China
to import about 4.4 million tons of rice in 2015-16, up about 10% from around 4
million tons in 2014-15.
Vietnam Rice Exports Decline 10% y/y to 3.818 Million Tons in First Eight Months of 2015
Sep 11, 2015
Vietnam exported
about 3.818 million tons of rice in first eight months of 2015, down about 10%
from about 4.26 million tons of rice exported during same time last year,
according to data from the Vietnam Food Association (VFA). The average rice
export price so far in this year stands at about $417 per ton (FOB), down about
3% per ton from about $431 per ton recorded during same last year.
In August, 2015,
Vietnam exported about 517,060 tons of rice, down about 18% from about 627,089
tons rice exported in August 2014, and down about 12% from about 589,323 tons
rice exported in July 2015. The average export price in August stands at about
$434 per ton, up about 1% per ton from a year ago and up about 8% per ton from
a month ago.
Large Undisposed Stocks Suppressing Prices in Pakistan, Says FAO-SUPARCO Report
Sep
11, 2015
In the August Crop Monitoring System Bulletin, the National Space Agency of
Pakistan (SUPARCO) and UN’s Food and Agriculture Organization (FAO) report that
this year's monsoon in Pakistan has been turbulent with ensuing floods in
Chitral and downstream Indus basin. Due to this around 48,300 hectares of paddy
fields have been inundated.
The report says the sowing of kharif rice crop has been completed.
Generally, the availability of fertilizers was satisfactory but irrigation
water supply was lower by about 7.96% over last year. It also says that lack of
proper marketing has led to increased stocks and lower prices last year. This
year's harvest that is expected during October/November is expected to further
depress prices leading to problems to farmers. The government is urged to take
remedial measure to address this issue. Export price of Pakistan 5% rice is
currently quoted at around $320 per ton, down about 26% from around $435 per
ton last year.
The Federal Committee on Agriculture (FCA) has reportedly 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 (around 10.051 million
tons, basis paddy) last year.
Iraq Extends Deadline to Buy At least 30,000 Tons of Rice Until September 14, 2015
Sep
11, 2015
The Iraq Trade Ministry has extended deadline to buy at least 30,000 tons
of rice in international tenders from the U.S., Uruguay, Argentina, Brazil and
India until September 14, 2015, according to Bloomberg.
The Ministry initially set September 6, 2015 as deadline to receive bids
with offers having to remain valid until September 10, 2015.
However, it did not make any purchases due to high prices. India offered
three bids of $537 per ton, $538 per ton and $539 per ton (c&f basis) for
50,000 tons of IR-64 grade rice; the U.S. offered a bid of $559 per ton
(c&f); Argentina offered a bid of $547 per ton (c&f), Uruguay offered a
bid at $549 per ton (c&f); and Brazil reportedly did not make any offer,
according to the European traders.
Oryza Afternoon Recap - Chicago Rough Rice Futures Rally as Bullish USDA S&D Report Sends US Grains Higher
Sep
11, 2015
Chicago rough rice futures for Nov delivery settled 16 cents per cwt (about
$4 per ton) higher at $12.830 per cwt (about $283 per ton). The other grains finished
the day higher after the release of a supportive USDA S&D report; Soybeans
closed about 0.1% higher at $8.7425 per bushel; wheat finished about 1.4%
higher at $4.8450 per bushel, and corn finished the day about 3.4% higher at
$3.8700 per bushel.
U.S. stocks traded in a range Friday, as investors eyed declines in oil
prices and remained uncertain ahead of the key Federal Reserve meeting next
week. The major averages held mostly lower in early afternoon trade, with only
the Dow Jones industrial average trying for slight gains. Investors are mixed
over whether the Federal Open Market Committee will raise rates at its meeting
next Wednesday and Thursday. In Europe, the pan-European STOXX 600 index closed
down about 1%, with investors also looking to next week's Fed decision. In
Asia, the Shanghai Composite Index closed 0.08% higher, while the Nikkei was
down 0.19%.In midday trade, the Dow Jones industrial average traded up 6
points, or 0.04%, at 16,337. The S&P 500 traded down 3 points, or 0.16%, at
1,949, with consumer discretionary leading five sectors higher and energy the
greatest laggard. The Nasdaq traded down 5 points, or 0.10%, at 4,791. Gold is
trading about 0.6% lower, crude oil is seen trading about 1.9% lower, and the
U.S. dollar is seen trading about 0.3% lower about 1:00pm Chicago time.
Thursday, there were 1,172 contracts traded, up from 1,229 contracts traded on Wednesday. Open interest – the number of contracts outstanding – on Thursday increased by 80 contracts to 10,070. India 2015-16 Main Paddy Rice Sowing Slightly Ahead of Last Year Despite El Nino Concerns
Sep
11, 2015
Total area planting to India's 2015-16 Kharif (main) rice crop (June -
December) is continuing to be ahead of the last year planting despite concerns
of weaker rains in the second half of the monsoon season (August-September).
Total rice planted area stood at around 36.841 million hectares as of September
11, 2015, slightly up from around 36.651 million hectares planted during the
same time last year, according to a press release by the Agriculture Ministry.
The Indian Meteorological Department (IMD) has forecast a 16% deficit in
the rainfall during the second half (August-September) of the monsoon season
(June-September). While August rainfall was estimated at 10% below normal, the
September is expected to witness a higher deficit. A likely drought-inducing El
Nino this year is expected to lower production prospects in India this year.
The IMD has forecasted the El Nino pattern to reach to moderate to a strong one
during the monsoon season (June – September).
The government of India estimates 2014-15 rice production to decline about
2% y/y to around 104.8 million tons due to below average rains during the
kharif main rice crop planting process (June - September 2014) in many key rice
growing areas and unseasonal rains and hailstorms during February and March
2015. If monsoons play a havoc this year also, production would decline for
second consecutive year leading to price hikes.
Global rice prices are expected to increase by 10-20% as El Nino is likely
to dampen production prospects in Asian countries, including India, Thailand,
Indonesia and the Philippines.
The total Kharif crop sown area stands at 101.2 million hectares as on
September 11, 2015, up about 1.77% from around 99.44 million hectares during
the same period last year, according to the Agriculture Ministry.
Philippines Rice Stocks Continue to Decline for Third Consecutive Month
Sep
11, 2015
The Philippines rice stocks have declined for third consecutive month in
August 2015 after increasing in April and May, according to the Bureau of
Agricultural Statistics (BAS).
Total rice stocks in the Philippines as of August 1, 2015 stood at around
2.24 million tons, down about 13% from around 2.57 million tons recorded in
July 2015, and up about 30% from around 1.72 million tons recorded during the
same period last year.
According to the BAS, household stocks (which account for about 32.7% of
total rice stocks in the country) stood at around 730,000 tons as of August 1,
2015, up about 4% from year-ago levels of around 700,000 tons. Commercial
warehouse rice stocks (which account for about 31.9% of total stocks) have
reached around 720,000 tons as of August 1, 2015, up about 24% from their
year-ago levels of around 580,000 tons. The rice stocks with the National Food
Authority (NFA) (which account for 35.4% of total stocks) stood at around
790,000 tons, up about 80% from around 440,000 tons recorded in August 2014.
Month-on-month, household rice stocks are down about 23%, commercial
warehouse rice stocks are down about 14% and NFA rice stocks - in which about
91.5% are imported rice - are up about 2.5%, according to the BAS.
The BAS says that the Philippines' rice stocks as of August 1, 2015 are
enough to last for 66 days (household stocks are enough for 22 days, commercial
warehouses stocks are enough for 21 days and stocks with NFA are enough for 23
days).
Myanmar Decides to Resume Rice Exports, Says Commerce Minister
Sep
11, 2015
The government of Myanmar has decided to lift the temporary ban on exports,
which was imposed in early August to overcome food shortages and price hikes
following widespread flooding, and resume rice exports, local sources quoted
the Commerce Minister.
The Minister reportedly announced the decision to resume exports at the
annual meeting of the Union of Myanmar Federation of Chambers and Industry on
September 9.
He noted that the decision to resume exports has been taken after
evaluating the recovery from flood damage in growing areas. “Rice has been
re-planted in some areas and after we calculated the effect of the flooding, we
decided to re-open the market to exports,” he said.
The Vice Chairman of the Myanmar Rice Federation (MRF) noted that the
temporary suspension of exports would reduce the 2015-16 (April - March) rice
exports by over 400,000 tons. Prior to the flood crisis, the MRF had been
expecting the country to export about 2 million tons of rice in 2015-16, up
from about 1.8 million tons exported in 2014-15.
Oryza Overnight Recap – Chicago Rough Rice Futures Higher Overnight as Traders Brace for USDA S&D Update
Sep
11, 2015
Chicago rough rice futures for Nov delivery are currently paused 7 cents
per cwt (about $2 per ton) higher at $12.740 per cwt (about $281 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
0.3% higher, wheat is listed about 0.1% lower and corn is currently noted about
0.1% higher.
U.S. stock index futures indicated a
lower open on Friday with
traders cautious about next week's meeting of the U.S. Federal Reserve and wary
of any attempts by the market to rally. The Fed will meet on September 16 and 17, with the
timing of the U.S. central bank's first rate hike in nine years a continued
source of debate in the markets. In Europe, the pan-European STOXX 600 index
was down about 1%, with investors also looking to next week's decision.
In Asia, the Shanghai Composite
Index closed 0.08% higher, while the Nikkei was down 0.19%.Futures extended
losses slightly after the Producer Price Index (PPI) for August came in
unchanged, mildly beating expectations for a 0.1% decline. The core PPI was up
0.7% in the 12 months through August. The only other major economic data due is
consumer sentiment, scheduled for release at 10 a.m. Gold is currently trading about 0.4% lower,
crude oil is seen trading about 3.1% lower, and the U.S. dollar is currently trading
about 0.1% higher at 8:15am Chicago
time.
Oryza U.S. Rough Rice Recap - Prices Firm after USDA Cuts Production Forecast
Sep
11, 2015
The U.S. cash market continued its charge higher today after the USDA
released a friendly WASDE report for U.S. rice.
The USDA cut their old crop long grain ending stocks by 2.6 million cwt
(117,934 tons) pegging it at 26.5 million cwt (1.20 million tons). The USDA
also cut their 2015/2016 long grain production estimate by 17.5 million cwt
(793,787.59 tons) pegging it at 131.5 million cwt (5.96 million tons) on
account of decreased acreage and lower field yields.
The decreases in long grain production were partially offset by cutting
long grain domestic use by 6.0 million cwt (272,156 tons) and long grain
exports by 10.0 million cwt (453,593 tons). In the end, the USDA cut their
2015/2016 long grain ending stocks figure by 4.1 million cwt (185,973 tons)
pegging it at 23.0 million cwt (1.04 million tons). The USDA also increased
their average on farm price for long grain paddy from $11.50-12.50 per cwt
($254-$276 per ton) to $12.80-$13.80 per cwt ($282-$304 per ton).
In the meantime, the USDA reported that cumulative net export sales for the
week that ended on September 3rd, totaled 93,400 tons, an increase
of 41% from the previous week.
Increases were reported for the following destinations including: 30,000
tons to Venezuela, 25,600 ton to South Korea, 15,600 tons to Mexico, 12,000
tons to Japan, and 6,400 tons to El Salvador including 3,000 tons switched from
unknown destinations while decreases of 7,300 tons were reported for unknown
destinations.
U.S. rice exporters shipped 95,400 tons, a decrease of 39% from the
previous week, with the primary destinations including: 30,000 tons to
Venezuela, 27,900 tons to Panama, 13,500 tons to Mexico, 10,100 tons to Haiti,
and 4,400 tons to South Korea.
Oryza Weekly: Philippines Tender A Sliver of Hope for Global Rice Prices
Sep
11, 2015
The Oryza White Rice Index (WRI), a weighted average of global white rice
export quotes, ended the week at about $391 per ton, down about $1 per ton from
a week ago, down about $7 per ton from a month ago and down about $80 per ton
from a year ago.
Thailand
Thailand 5% broken rice is today shown at about $345 per ton, down about
$10 per ton from a week ago, down about $25 per ton from a month ago and down
about $85 per ton from a year ago.
Rice exports increased sharply in July 2015 after declining about 27% m/m
in June. Thailand has exported about 734,947 tons of rice in July, an
increase of about 7% from June but about 22% less than in July 2014.
The latest rice auction conducted by the Thai government received a
lukewarm response from traders.
Thailand’s National Rice Policy Committee has instructed authorities in 51
provinces to carry out inspections of about 13.5 million tons of rice stored in
1,800 warehouses around the country.
Vietnam
Vietnam 5% broken rice is today shown at about $325 per ton, down about $5
per ton from a week ago, down about $20 per ton from month ago and down
about $125 per ton from a year ago.
During the period January 1 – August 27, Vietnam exported about 3.626 million
tons of rice, a decrease of about 15% from the first eight months of 2014.
Vietnam’s rice exports to Africa declined sharply in July due to a decline
in export demand and stiff competition from India and Thailand. Vietnam
exported 70,819 tons of rice to Africa in July (about 12% of its total exports
that month).
The USDA Post has lowered its estimates for Vietnam’s 2015 rice exports to
6 million tons, a decrease of about 10% from USDA’s official estimate and a
decrease of about 5% from last year’s exports.
Cambodia 5% broken rice is today shown at about $425 per ton, down about $10 per
ton from a week and a month ago, and down about $45 per ton from a year ago. In
the first eight months of 2015, Cambodia has exported about 342,136 tons of
milled rice, an increase of about 46% from the same period last year.
Meanwhile, rice exporters in Cambodia have expressed concern that Cambodia may
not bid for the Philippines tender for 750,000 tons as they cannot compete with
Thailand and Vietnam exporters on price.
India
India 5% broken rice is today shown at about $380 per ton, up about $10 per
ton from a week ago, down about $10 per ton from a month ago, and down about
$60 per ton from a year ago.
Total area planting to India's 2015-16 Kharif (main) rice crop (June -
December) in India stood at around 36.841 million hectares as of September 11,
2015, slightly up from around 36.651 million hectares planted during the same
time last year, according to a press release by the Agriculture Ministry.
The government plans to involve private players in 2015-16 rice procurement
operations for the 2015-16 kharif marketing season (October-September) in some
eastern states in order to improve efficiency in transportation, packaging, and
storage facilities.
Indian basmati rice exporters are concerned of oversupply of stocks from
the kharif 2014 crop, falling prices and lower demand head of the harvest of
the kharif 2015 crop.
Rice stocks in the central pool stood at about 16.313 million tons as of
September 1, a decrease of about 25% from the same period last year.
Pakistan
Pakistan 5% broken rice is today shown at about $320 per ton, unchanged
from a week ago, down about $25 per ton from a month ago and down about $115
per ton from a year ago.
Members of the Rice Exporters Association of Pakistan are urging the
government to speed up the rice-energy barter trade with Iran in order to help the deteriorating
rice sector.
In the August Crop Monitoring System Bulletin, the National Space Agency of
Pakistan (SUPARCO) and UN’s Food and Agriculture Organization (FAO) report that
this year's monsoon in Pakistan has been turbulent with ensuing floods in
Chitral and downstream Indus basin. Due to this around 48,300 hectares of paddy
fields have been inundated. They also report that lack of proper marketing has
led to increased stocks and lower prices last year.
Central & South America
Five per cent 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.
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. Brazil rice stocks
stood at around 124,777 tons in August 2015, slightly down from around 127,785
tons in July 2015 and down about 77% from around 538,747 tons in August 2014,
according to the country's national grain supplying agency Conab.
Official sources report that in the first eight months of 2015, Brazil has exported around 719,112 tons of
rice. In August, Brazil exported about 117,342 tons of rice, an increase
of about 70% from July.
U.S.
U.S. 4% broken rice is today shown at about $535 per ton, unchanged from a
week ago, up about $60 per ton from a month ago and up about $5 per ton
from a year ago.
The U.S. has reportedly dominated Turkey rice imports during the first six
months of 2015, with U.S. rice constituting 34% of total rice imports during
that period.
Higher night temperatures in the southern part of the U.S. coupled with
cloudy weather in other regions is likely to lower the U.S. 2015 rice
production by about 10-20% compared to last year, according to Bloomberg.
Other Markets
China has agreed to open its rice import market to the U.S. rice and is likely
to sign an agreement with the U.S. government shortly, a move that would end
more than a decade long negotiations and allow U.S. imports in its massive rice
import market.
European Union rice imports have increased to about 1.143 million tons
in crop year 2014-15 (September-August), an increase of about 12.7% from CY
2013-14, according to the European Commission.
Paddy rice acreage in Italy in 2015-16 (September-August) stands at around 227,329 hectares.
This is about 3.5% more than last crop year. Italy’s rice exports to non-EU
nations during the first week of 2015-16 crop year (September-August) are about
half what they were at this time last year, reaching only 1,195 tons.
The Philippines rice stocks have declined
for third consecutive month in August 2015 after increasing in April and May,
according to the Bureau of Agricultural Statistics (BAS). Total rice stocks in
the Philippines as of August 1, 2015 stood at around 2.24 million tons, down
about 13% from around 2.57 million tons recorded in July 2015, and up about 30%
from around 1.72 million tons recorded during the same period last year. The
National Food Authority of the Philippines will import an additional 750,000
tons of rice to boost stocks as a drought-inducing El Nino weather pattern is
expected to affect the country’s production.
The Iraq Trade Ministry has extended
deadline to buy at least 30,000 tons of rice in international tenders from the
U.S., Uruguay, Argentina, Brazil and India until September 14, 2015, according
to Bloomberg.
The government of Indonesia will provide rice insurance subsidies to farmers for the 2015-16 rice
growing season (October-March).
The FAO All Rice Price Index declined to about 209 points in August 2015, a
decrease of about 0.9% from July.
The FAO estimates 2015 global milled rice production to increase about 0.7%
from 2014 to 500.6 million tons.
The FAO estimates North Korea’s 2015 paddy rice output to decline about 12.4% from last year to about
2.3 million tons.
The government of Myanmar has decided to lift the temporary ban on exports, which was imposed in
early August to overcome food shortages and price hikes following widespread
flooding, and resume rice exports, local sources quoted the Commerce Minister.
A team of Bangladeshi
researchers
led by Professor Zeba Islam Seraj of Dhaka University developed four transgenic
saline-tolerant rice varieties, which are capable of producing 50% higher yield
than the saline-tolerant varieties currently used, according to the Daily Star.
Temperature Fluctuations to Lower Prospects for U.S. 2015 Rice Production
Sep
11, 2015
Higher night temperatures in the southern part of the U.S. coupled with
cloudy weather in other regions is likely to lower the U.S. 2015 rice
production by about 10-20% compared to last year, according to Bloomberg.
While rice crops in Mississippi and Arkansas were impacted by hot night
temperatures in July, crops in Louisiana were impacted by cloudy skies during
the growing season. Nearly 35% the crop has been harvested across the five rice
growing states as of September 6. “We feel that the crop is going to be a
smaller crop,” said the President of the U.S. Rice Producers Association.
Experts are particularly concerned about the yields in Arkansas, the
largest rice producing state in the U.S. The President of the U.S. Rice
Producers Association noted that though the harvest activities are progressing
well in Arkansas, problems associated with temperature are still having effect
on the crop. On the other hand California, the second largest rice producing in
the U.S. is enduring an extended drought and lower water supplies. While
Arkansas produces long-grain rice, California produces medium grain and short
grain rice.
USDA estimates the U.S. 2015-16 (August - July) production to decline by
about 7.2% y/y to around 9.3 million tons. It estimates harvested area to
decline about 6.2% y/y to around 1.096 million hectares. The yield is likely to
be at record 8.66 tons per hectare, according to the USDA.
Domestic rice prices are said to have increased yield and quality concerns,
said a market analyst at VantageRM in Austin, Texas.
Thailand Rice Sellers Lower Some of Their Quotes; India Rice Sellers Increase Some of Their Quotes
Sep
11, 2015
Thailand rice sellers lowered their quotes for parboiled rice by about $5
per ton to around $345-$355 per ton today. India rice sellers increased their
quotes for 5% broken rice by about $10 per ton to around $375-$385 per ton and
increased their quotes for parboiled rice by about $5 per ton to around
$360-$370 per ton. Vietnam and Pakistan rice sellers kept their quotes mostly
unchanged today.
5% Broken Rice
Thailand 5% rice is indicated at around $340 - $350 per ton, about $20 per
ton premium on Vietnam 5% rice shown at around $320 - $330 per ton. India 5%
rice is indicated at around $375 - $385 per ton, up about $10 per ton from
yesterday and about $60 per ton premium on Pakistan 5% rice shown at around
$315 - $325 per ton.
25% Broken Rice
Thailand 25% rice is shown at around $330 - $340 per ton, about $15 per ton
premium on Vietnam 25% rice shown at around $315- $325 per ton. India 25% rice
is indicated at around $340 - $350 per ton, about $50 per ton premium on
Pakistan 25% rice shown at around $290 - $300 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $345 - $355 per ton, down
about $5 per ton from yesterday. India parboiled rice is indicated at around
$360- $370 per ton, up about $5 per ton from yesterday and about $55 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 $305 - $315 per ton,
about $5 per ton from premium on Vietnam 100% broken rice shown at around $300
- $310 per ton. India's 100% broken rice is shown at around $300 - $310 per
ton, about $25 per ton premium on Pakistan broken sortexed rice shown at around
$275 - $285 per ton.
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