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Vol
5.Issue XIV
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September 21, 2015
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Daily Exclusive
ORYZA Rice E-Newsletter
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India 2015-16 Main Paddy Rice
Sowing Surges Despite Weak Monsoons
Sep 18, 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 37.266 million hectares as of September
18, 2015, slightly up from around 37.19 million hectares planted during the
same time last year, according to a press release by the Agriculture Ministry.
India received 15% below-average rainfall as of September 17, according to
the Indian Meteorological Department (IMD). The North-west, Central, Southern
and North-East regions received 21%, 18%, 13% and 8% below-average rains
respectively. However, the IMD expects most parts of the country to receive
normal to above-normal rain from September 19 to October 3, 2016.
The IMD forecast a 16% deficit in the rainfall during the second half
(August-September) of the monsoon season (June-September). 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).
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 102.19 million hectares as on
September 18, 2015, up about 1.59% from around 100.59 million hectares during
the same period last year, according to the Agriculture Ministry.
Indonesia May Face Shortage of
Subsidized Rice Stocks by Year End, Says Bulog Chief
Sep 18, 2015
Indonesia may face shortage of national stock of subsidized rice by the end
of this year due to the government's decision to distribute more rice to the
poor, local sources quoted the state logistics agency Chief as saying.
He told local sources that at the current pace, Bulog's stocks would reach
62,000 tons, while the agency needs about 1.5 to 2 million tons to meet the
consumption demand in the early next year before the harvest time. He noted
that the subsidized rice program, called beras sejahtera (prosperous rice), has
been extended by two months to restore purchasing power and confidence in the
economy on concerns of El Nino induced dry weather that is threatening to cut
rice production this year.
However, he did not mention anything about likely imports to maintain stocks.
The Bulog Chief noted that the government could also decide to procure more
rice from farmers or convert the existing premium rice into subsidized rice to
avert rice shortages. Indonesian government is keen on avoiding imports this
year and has not imported as rice so far in 2015.
The Agriculture Ministry is understood to maintain next year's rice
production target at this year's level. “The reason the target remains the same
is because this year we have experienced El Niño and that has severely affected
our rice production,” the Agriculture Minister was quoted.
USDA estimates Indonesia to produce around 36.3 million tons of rice, basis
milled (around 57.17 million tons, basis paddy), and import around 1.25 million
tons of rice in MY 2014-15 (October - September).
Global
Rice Quotes
September 18th, 2015
Long grain white rice - high quality
Thailand 100% B grade 350-360
↔
Vietnam 5% broken 325-335
↔
India 5% broken 355-355
↔
Pakistan 5% broken 310-320
↔
Myanmar 5% broken 415-425
↔
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 325-335
↔
Vietnam 25% broken 315-325
↔
Pakistan 25% broken 290-300
↔
Cambodia 25% broken 405-415
↔
India 25% broken 315-325
↔
U.S. 15% broken 500-510
↔
Long grain parboiled rice
Thailand parboiled 100% stxd 340-350 ↔
Pakistan parboiled 5% broken stxd 415-425 ↔
India parboiled 5% broken stxd 340-350 ↔
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 305-315
↔
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
Myanmar Rice Federation to issue
Export Licences for Up to 500 Tons
Sep 18, 2015
The Myanmar Rice Federation (MRF) is planning to issue export licences to
exporters for up to 500 tons of rice, according to local sources. The MRF has
called on companies to apply to the Ministry of Commerce for licences.
However, the MRF told local sources that it will grant licences for both
land and sea trade but would require interested companies to maintain a reserve
of 2% of exports for six months. The licences will reportedly valid for one
month. It also noted that it is holding discussions with the Commerce
Ministry on the same.
With about 34.8 million tons of rice in reserves and amid
expectations of a bumper harvest, the MRF expects exports to resume completely
by October. Dr Soe Tun, the MRF’s vice-chair, said: “A cargo ship can
carry 1,000 tonnes of rice. We might face difficulty loading rice onto a ship
if only 500 tonnes of rice is allowed.”
After the country's rice exports reached a record in 1.8 million tons in FY
2014-15 (April - March), the government expected to export around 2 million tons
in FY 2015-16. However, in the aftermath of floods and temporary suspension of
exports for more than a month, the exports are expected to be around 1.6
million tons.
U.S.-China Trade Protocol Still
Not Finalized, Says USA Rice Federation
Sep 18, 2015
The phytosanitary protocol between China and the U.S., which reportedly
establishes the phytosanitary or pest control rules necessary to allow U.S.
rice into China, is still not finalized, Bloomberg reported the USA Rice
Federation as saying.
The Federation has denied claims by the US Rice Producers Association early
this week that the U.S. and China will sign a phytosanitary protocol during the
week of September 21, 2015 when Chinese President Xi Jinping leads a delegation
on an official visit to the U.S.
Citing information from USDA Animal and Plant Health Inspection Service
(APHIS), the Federation noted that the phytosanitary protocol between the two
countries is still undergoing regulatory review in China.
It noted that the USDA APHIS is “working closely” with U.S. rice industry,
China’s Administration of Quality Supervision, Inspection and Quarantine “to
come to a bilateral agreement on the final set of protocols for exporting U.S.
milled rice to China.”
Thailand Rice Sellers Increase
Some of Their Quotes Today; Other Asia Rice Quotes Unchanged
Sep 18, 2015
Thailand rice sellers increased their quotes for 5% broken rice by about $5
per ton to around $340-$350 per ton today. Other Asia rice sellers kept their
quotes unchanged.
5% Broken Rice
Thailand 5% rice is indicated at around $340 - $350 per ton, up about $5
per ton from yesterday and about $15 per ton premium on Vietnam 5% rice shown
at around $325 - $335 per ton. India 5% rice is indicated at around $355 - $365
per ton, about $45 per ton premium on Pakistan 5% rice shown at around $310 -
$320 per ton.
25% Broken Rice
Thailand 25% rice was last shown at around $325 - $335 per ton, about $5
per ton premium on Vietnam 25% rice shown at around $320- $330 per ton. India
25% rice is indicated at around $315 - $325 per ton, about $25 per ton premium
on Pakistan 25% rice shown at around $290 - $300 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $340 - $350 per ton. India
parboiled rice is indicated at around $340- $350 per ton, about $75 per ton
discount to Pakistan parboiled rice last shown at around $415 - $425 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, was last indicated at around $305 - $315
per ton, at par with Vietnam 100% broken rice shown at around $305 - $315 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.
Online Marketing Tool to be
Launched for EU Farmers
Sep 18, 2015
A new online marketing tool called "Farm Inc" is to be launched
shortly to help European Union (EU) farmers to better market and brand their
products independently and thereby face global competitions in a better manner.
The project is supported and co-funded by the European Union (EU) and was
carried out by seven partner institutions, including universities, agricultural
associations, VET providers and consulting firms from five EU countries of
Belgium, Cyprus, Greece, Italy and Latvia. Copa-Cogeca, the federation of
European farmers unions and agri cooperatives, Italian Coldiretti and Latvian
Farmers Parliament have been involved in promoting the product.
They showcased during a series of roundtable discussions and info days
across Europe, in Belgium, Greece, Italy and Latvia in September. About 304
stakeholders, including farmers, representatives of farmer associations,
agricultural entrepreneurs, VET trainers and policy makers, participated in 21
pilot events in the targeted countries. While 46% of the participants rated the
material as "excellent", 47% rated as "very good" and 100%
said they would recommend this course to others.
The project involves a customized training tool and an interactive
e-book, which contains basic marketing principles for the agricultural sector as
well as practical experiences (case studies, field visits etc). The book is
divided into six modules - What is marketing?, A good marketing plan, Farmers
markets, Quality, The strength of a Rural Brand, Selling Abroad - and primarily
focuses on marketing, branding and internationalisation of agricultural
products.
“There is a great potential for regional and local products in the market,
but, there is a lack of marketing strategies to enable European agricultural
entrepreneurs to compete with the international network and structures of
multinational companies," said the Secretary-General of Copa-Cogeca.
Oryza Weekly: Prices Have Yet to
Respond to Forecasts for Strong El Nino
Sep 18, 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 $4 per ton from a week
ago, down about $6 per ton from a month ago and down about $83 per ton from a
year ago.
In its September 2015 Rice Outlook report, the USDA forecasts 2015-16
global rice production (milled basis) to be around 475.8 million tons, down
about 1% from last year due to an expected decline in average yields.
Southeast Asia, North Africa, and North America account for most of the
expected global rice production decline. In the same report, the USDA
forecasts 2015 global rice trade to be around 42.5 million tons, a decrease of
about 2% from 2014 but unchanged from last month’s forecast.
Thailand
Thailand 5% broken rice is today shown at about $345 per ton, unchanged
from a week ago, down about $20 per ton from a month ago and down about $90 per
ton from a year ago.
The Agriculture Minister may impose a ban on second crop planting in about
2.4 million hectares of rice land due to intense water shortages.
The Thai Office of Agricultural Economics estimates paddy rice production
for 2015-16 may plunge to its lowest level in 19 years due to the extending
drought conditions.
Thailand's Finance Ministry may demand damages up to 510 billion baht
(around $14.8 billion) incurred in the rice pledging scheme from the former
Prime Minister as well as the other accused Cabinet Ministers and officials
involved in the rice pledging scheme
Vietnam
Vietnam 5% broken rice is today shown at about $330 per ton, up about $5
per ton from a week ago, down about $15 per ton from month ago and down
about $115 per ton from a year ago.
Cambodia 5% broken rice is today shown at about $425 per ton, unchanged from a week
ago, down about $10 per ton from a month ago, and down about $45 per ton from a
year ago. Dam waters have flooded some rice paddy fields in Cambodia,
reigniting concerns over Mekong Region Hydropower Projects.
India
India 5% broken rice is today shown at about $360 per ton, down about $20
per ton from a week ago, down about $10 per ton from a month ago, and down
about $80 per ton from a year ago.
The government forecasts 2015-16 kharif (June-December) rice production at
around 90.6 million tons, down slightly from 2014-15.
Total rice planted area stood at around 37.266 million hectares as of September
18, 2015, slightly up from around 37.19 million hectares planted during the
same time last year, according to a press release by the Agriculture Ministry.
Rice traders and millers in Nepal are seeking government intervention to curb rice imports, especially rice
imports from India traveling through land borders.
Rice farmers in Bangladesh are facing lower prices and
higher supplies, as the country achieved a record 34.708 million tons
production in FY 2014-15.
Pakistan
Pakistan 5% broken rice is today shown at about $315 per ton, down about $5
per ton from a week ago, down about $20 per ton from a month ago and down about
$110 per ton from a year ago.
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