Global
Rice Quotes
September 9th, 2015
Long grain white rice - high quality
Thailand 100% B grade 355-365
↔
Vietnam 5% broken 320-330
↔
India 5% broken 365-375
↔
Pakistan 5% broken 315-325
↔
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 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 350-360 ↔
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% 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
Philippines Issues Tender to Import Another 750,000 Tons of Rice
Sep 09, 2015
The Philippines'
National Food Authority (NFA) today issued a tender to import another 750,000
tons in addition to the 1.8 million tons already planned to be imported this
year as part of efforts to prepare for the intensifying El Nino, according to
Reuters.
The NFA is seeking
offers from the governments of Vietnam, Thailand and Cambodia for the supply of
25% broken well-milled rice before September 17, 2015. The state grains agency
is seeking delivery of the first 250,000 tons of rice before the year end and
the remaining 500,000 tons in the first quarter of 2016.
The agency is keen
on maintaining buffer stocks in anticipation of an intensifying El Nino, which
is likely to cut down rice production in the country. “There is no better
option than being prepared,” the NFA reportedly said in a statement. “Drought
due to El Nino is predicted to intensify beginning October and will last until
May 2016,” it added.
The local weather
bureau cautioned that the El Nino event could be as severe as the 1997-98
event, which reduced the Philippines' rice harvest by nearly 24%. It also
cautioned that the current event could be one of the strongest events since
1950.
Extra purchases by
the Philippines are expected to increase rice export prices in Asia, which have
fallen in recent months.
U.S. Researcher Experiments with Rice Growing in Wisconsin
Sep 09, 2015
U
While, Arkansas,
California, Texas, Mississippi and Louisiana are the main rice growing states
in the U.S., a Marquette University researcher proved that rice could be grown
in Wisconsin state in the U.S. Midwest region, according to www.wgbhnews.org.
The researcher
Michael Schläppi successfully grew a Russian rice variety called 'Krasnodarsky
3352' in his lab and field. He fixed on the variety after stress-testing around
200 rice varieties from various countries to know whether they would be
suitable to the Wisconsin weather. He tested them in various climatic
conditions.
He began planting
seedlings on the rooftop in April this year and a month later shifted the
germinated seedlings to a field in about one-third acre. Throughout the summer
he observed that the rice crop survived well and is now ready for harvest. He
is expecting a yield of around 8,000 pounds per acre (9 tons per hectare).
With the success of
the experiment, the researcher is planning to extend the experiment to one acre
land. The 'Krasnodarsky 3352' variety is made for Wisconsin, he told reporters.
Indian Basmati Rice Exporters Struggle to Cope with Oversupply and Lower
Prices Ahead of 2015 Harvest
Sep 09, 2015
Indian basmati rice
exporters are concerned of oversupply of stocks from the kharif 2014 crop,
falling prices and lower demand ahead of the harvest of the kharif 2015 crop,
which is likely to begin from the end of September, according to local sources.
According to data
from the Agricultural and Processed Food Products Exports Development Authority
(APEDA), export prices of basmati rice have declined to around $950-1,000 per
ton this year, down about 18% from around 1,220 per ton last year. The prices
are said to have fallen due to excess supplies.
Basmati rice farmers
had increased acreage of basmati in 2014 kharif season to around 2.13 million
hectares from around 1.8 million hectares in 2013 in anticipation of higher
prices based on higher returns received for the 2013 crop. They received as
much as Rs. 4,000 per quintal (around $600 per ton) in 2013-14 crop year
(October - September). However, prices tumbled to as low as Rs. 1,600-1,700 per
quintal (around 4240 - $255 per ton) in the 2014-15 crop year partly due to a
temporary ban imposed by Iran, which accounts for about 38% of India's basmati
rice exports. All these factors led to an oversupply of stocks.
Meanwhile, Iran's
removal of ban on Pakistani rice after the lifting of US sanctions is likely to
impact India's basmati rice exports. Though the volume of basmati and
processing facilities in Pakistan are limited, its increased participation in
global market is expected to dent profits of Indian rice exporters.
A senior official in
APEDA told local sources that big brands are in a position to insulate themselves
from price corrections, but unorganized players are likely to be more affected.
He stressed on the importance of investing in branding in order to retain
position in the international market.
Third 'Ente Risi Open Day' to Demonstrate Use of Drones in Precision
Farming
Sep 09, 2015
The Rice Research
Center of the Ente Nazionale Risi, the National Agency for Rice, is organizing
the third Ente Risi Open Day in Castello d'Agogna (Pavia) on September 10,
2015.
The Ente Risi Day is
divided into two parts. In the morning, a conference titled "A comparison
among international researchers for a competitive rice growing sector"
will be held. Several international and Italian researchers are expected to participate.
In the afternoon there will be a visit to the Ente Risi testing fields where a
demonstration of the use of drones for precision farming has been arranged. The
National Research Council (CNR) researchers will also present the Hermes
(Satellite services for agriculture) project, which is supported by the
European Union and the Ente Risi.
The day aims at
bringing together researchers from different countries. "The significance
of this day is to bring together researchers from different nationalities who
bring to the attention of the whole scientific chain the results related to
common problems in a spirit of cooperation and mutual synergy," says the
Ente Nazionale Risi Commissioner.
U.S. Dominates Turkey Rice Imports
in First Six Months of 2015
Sep 09, 2015
The
U.S. has reportedly dominated Turkey rice imports during the first six months
of 2015. Of the 208,000 tons imported by Turkey, U.S. rice accounts fro about
71,500 tons or 34% of the total rice imports during the period, according to
USA Rice Federation.
The
Turkish imports have increased despite increased acreage due to enhanced
promotional activities by the USA Rice Federation. The Federation laid stress
on increased promotion during the summer. It reached almost 2.4 million Turkish
consumers through its articles and recipes featuring U.S. grown rice. It also
organized in-store promotions in the market, with 16 demonstrations at two
hypermarkets. It could reach aboue 10,000 customers that way.
Turkey
imports mostly medium grain rice.
India Rice Sellers Increase Some
of Their Quotes; Other Asia Rice Quotes Unchanged Today
Sep 09, 2015
India
rice sellers increased their quotes for 25% broken rice by about $5 per ton to
around $340-$350 per ton today. Other Asia rice sellers kept their quotes
mostly unchanged.
5% Broken Rice
Thailand
5% rice is indicated at around $345 - $355 per ton, about $25 per ton premium
on Vietnam 5% rice shown at around $320 - $330 per ton. India 5% rice is
indicated at around $365 - $375 per ton, about $50 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, up about $5 per ton from yesterday and
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 $350 - $360 per ton. India parboiled rice
is indicated at around $355- $365 per ton, about $60 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.
Brazil Exports 719,112 Tons of
Rice in First Eight Months of 2015
Sep 09, 2015
Brazil
has exported around 719,112 tons of rice in the first eight months (January –
August) of 2015, according to data released by the Rice Institute of Rio Grande
do Sul (IRGA).
In
August 2015, Brazil exported around 117,342 tons of rice, up about 70% from
around 68,979 tons exported in July 2015.
Senegal
remained the largest importer of Brazilian rice in August 2015 with around
38,226 tons, or about 32.5% of Brazil's total rice exports during the month.
Nicaragua accounted for around 20,007 tons (about 17% of Brazil's total exports
during the month); Switzerland accounted for around 14,706 tons (about 12.5% of
Brazil's total exports during the month); Gambia accounted for 11,764 tons
(about 10% of Brazil's total exports during the month); and Benin accounted for
around 8,456 (about 7% of Brazil's total exports during the month).
Costa
Rica (5,351 tons), Peru (4,154 tons), South Africa (2,794 tons), U.S. (2,721
tons), Bolivia (1,380 tons), Cape Verde (1,141 tons), Trinidad and Tobago (863
tons) Saudi Arabia (732 tons), Chile (726 tons), S. VIC. And Grenadines (589
tons), Panama (588 tons), Angola (538 tons),
Honduras (515 tons), Belgium (257
tons), Barbados (184 tons), Ant. Netherlands (110 tons) and others (1,165 tons)
accounted for the remaining 21% of Brazil's total rice exports in June 2015.
Brazil
exported around 1.24 million tons of rice in 2014, up about 2.4% from around
1.209 million tons exported in 2013, according to data from IRGA.
Oryza Afternoon Recap - Chicago
Rough Rice Futures Find Follow-through Buying Interest Following Yesterday's
Technical Breakout
Sep 09, 2015
Chicago
rough rice futures for Nov delivery settled 19 cents per cwt (about $4 per ton)
higher at $12.465 per cwt (about $275 per ton). The other grains finished the
day mostly lower; Soybeans closed about 0.8% lower at $8.7225 per bushel; wheat
finished about 0.6% lower at $4.7225 per bushel, and corn finished the day
about 0.2% higher at $3.6900 per bushel.
U.S. stocks traded lower Wednesday, failing to extend a
rally in global markets amid talk of stimulus overseas. The major averages
traded lower in early afternoon trade. Earlier, they gave up their opening
rally of about 1% to dip into negative territory. Traders also eyed the Job
Openings and Labor Turnover Survey (JOLTS) which showed the number of job
openings was a record 5.8 million, the U.S. Bureau of Labor Statistics said.
The key nonfarm payrolls report Friday reinforced expectations that labor
conditions are strong enough to support a rate hike, which could possibly come
as soon as the Federal Reserve's meeting next week. Earlier, stocks opened
sharply higher following strong gains in markets overseas.
China's Ministry of Finance said the government will
strengthen fiscal policy, boost infrastructure spending and speed up reform of
its tax system, adding to other steps to re-energize sputtering growth.
Japanese stocks also rallied on back of comments by Prime Minister Shinzo Abe
that the government aims to lower the corporate tax rate.
The Dow Jones Industrial Average traded up 27 points, or
0.17%, at 16,520. The S&P 500 traded up 4 points, or 0.21%, at 1,973, with
consumer discretionary leading six sectors higher and utilities the greatest
decliner. The Nasdaq traded up 16 points, or 0.34%, at 4,828. Gold is trading
about 1.3% lower, crude oil is seen trading about 2.8% lower, and the U.S.
dollar is seen trading about 0.2% higher about 1:15pm Chicago
time.Tuesday, there were 587 contracts traded, up from 207 contracts traded on
Friday. Open interest – the number of contracts outstanding – on Tuesday
increased by 180 contracts to 9,872.
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