FAO
Estimates Cambodia Rice Exports to Increase Sharply in 2015
Sep
28, 2015
The UN's Food and Agricultural
Organization (FAO) estimates Cambodia's total rice exports (including official
and unofficial exports to Thailand and Vietnam) to reach about 1.2 million tons
in 2015, up about 6% from last year.
The FAO says the government's
strategy to boost official exports through targeting new markets is being
reflected in the high pace of shipments so far this year. Direct milled rice
exports between January and August 2015 have reached about 342,136 tonnes, up
about 50% from the same period in the previous year.
The UN agency estimates 2015 total
paddy rice production at around 9.18 million tons, down about 1.5% from around
9.324 million tons in 2014. Planting of the main (wet) season paddy crop began
in June and will continue till October. Below-average rains between May and
July reportedly delayed planting operations. Around 189,122 hectares have been
damaged due to dry weather conditions. However, normal rains from August helped
planting operations to pick up. The FAO estimates output from the main season
crop to decline about 3% y/y to 7 million tons in 2015 and output from the dry
season crop to compensate for the losses from main season crop.
Wholesale rice prices increased in
most of the markets in August due to increased export demand. Concerns about
damage to the 2015 main season crops due to prolonged dry weather also pushed
prices during the month. However, prices were below their year-ago levels,
according to the FAO.
Changes
to EU CAP Possible through Mid-Term Review, Says Former Italian Minister
Sep
28, 2015
Most of the stakeholders are
unhappy with the new Common Agricultural Policy (CAP) of the European Union
(EU) since it recommends a cut in the EU agricultural budget. While the
European Commission (EC) is planning to simplify the CAP at the end of this
year, the EU Parliament fears that a complete CAP reform would further cut down
the EU agricultural budget.
However, Italy's former Minister of
Agriculture noted that changes to the current CAP can are possible in the
mid-term review. Speaking at a workshop titled "Can the (new) CAP deliver
on sustainability?" in Milan, he noted that the new CAP is a hybrid policy
that runs the risk of displeasing all parties. He is also the former chairman
of the Parliament's Committee on Agriculture and Rural Development and current
coordinator of the S&D group in the committee.
He noted that the EC is
underestimating problems and is finding temporary solutions for structural
problems. For instance, he said an aid package worth €500 million for
supporting milk and meat sectors, though positive, does not solve the problem
completely. While the new CAP recommends direct cash payments per hectare to
farmers, the former Minister says there is a need for more risk management
instruments.
Other participants in the workshop
noted that the mid-term review should also focus on including certain measures
to support younger farmers. They noted that due to the absence of proper access
to land and credit, young people are showing interest to enter the farming
sector.
Responding to the speakers’ views,
the Press Officer of the EC noted that the Commission has approved the aid
package after considering the price volatility. He also noted that the new CAP
focuses on benefits to the younger generation. The Commission is further
evaluating new measures related to addressing the ageing sector, including
loans whose repayment would depend on price performance, he added.
The new CAP accounts for only 37.8%
of the EU's 2014-2020 budget compared to nearly 71% in 1984. It reportedly
places a greater emphasis on environmental measures, with up to 30% of the
funding granted to farmers who diversify production, rotate their land or
maintain permanent pastures.
Italian
Paddy Rice Acreage Increases About 3.5% in 2015-16 Crop Year
Sep
28, 2015
The Italian paddy rice acreage in
2015-16 (September - August) reached around 227,329 hectares, up about 3.5%
from around 219,532 hectares in the previous crop year, according to data
provided by Ente Nazionale Risi, the National Agency for Rice.
The Ente Nazionale Risi data shows
that the paddy rice growing area in Pavia, Vercelli and Novara reached around
80,127 hectares, 69,709 hectares and 33,001 hectares respectively.
The 2015-16 acreage for round
varieties increased about 8.1% y/y to around 56,946 hectares; the acreage for
medium varieties increased about 56.4% y/y to around 1,183 hectares; and
acreage for Long A varieties increased about 20.4% y/y to around 125,832
hectares. However, the acreage for Long B varieties declined by about 36.5% y/y
to around 35,080 hectares.
Global Rice Quotes
September 28th, 2015
Long grain white rice - high quality
Thailand 100% B grade 355-365
↑
Vietnam 5% broken 335-345 ↑
India 5% broken 355-355
↔
Pakistan 5% broken 310-320
↔
Myanmar 5% broken 415-425 ↔
Cambodia 5% broken 415-425
↔
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 320-330 ↔
Pakistan 25% broken 290-300 ↔
Cambodia 25% broken 400-410
↔
India 25% broken 315-325
↔
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 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 455-465
↑
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
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