Thursday, October 29, 2015

29th October,2015 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

Guyana Explores New Markets for its Rice after Losing Venezuela Deal

Oct 28, 2015

The government of Guyana is exploring newer markets after Venezuela decided to discontinue the PetroCaribe deal with the neighboring nation, according to Guyana News Network.
The Agriculture Ministry is reportedly negotiating with the governments of Mexico, Haiti and the Bahamas in this regard. The Subject Minister noted that Bahamas and Haiti have expressed interest in buying Guyana rice. He noted that currently Guyana sells rice to nearly 50 countries across the world.
The Minister stated that the government successfully secured an extended deal with Panama to supply 7,200 tons per month. Under the earlier deal, Guyana was required to export 4,000 tons per month to Panama.
Guyana aims to produce about 618,000 tons of milled rice and export around 521,000 tons in 2015. Guyana has exported around 501,208 tons of rice in 2014, up about 27% from around 394,000 tons exported in 2013, according to data from the Agriculture Ministry.

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Continue to Tumble as Bearish Momentum Drags Prices Lower

Oct 28, 2015
                                
Chicago rough rice futures for Jan delivery settled 20 cents per cwt (about $4 per ton) lower at $11.685 per cwt (about $258 per ton). The other grains finished the day in the red; Soybeans closed about 0.9% lower at $8.8275 per bushel; wheat finished about 0.6% lower at $5.0600 per bushel, and corn finished the day about 1.1% lower at $3.7600 per bushel.
U.S. stocks tried to hold slight gains after briefly turning lower in choppy trade Wednesday as investors scrutinized the Fed statement for indications on the timing of a rate hike. The Federal Reserve kept interest rates unchanged in its statement released at the conclusion of its two-day meeting. The euro weakened against the dollar to trade below $1.10, with the yen at 120.96 yen against the dollar. In a light day of economic reports, weekly mortgage applications fell 3.5% on a seasonally adjusted basis. The U.S. advance September goods trade deficit was $58.63 billion. European stocks closed higher, with the DAX and STOXX Europe 600 up more than 1%, helped by the intraday recovery in oil prices. Asian stocks closed mostly lower as earlier declines in oil weighed but Japan's Nikkei gained amid hopes of further stimulus from the central bank's meeting later this week. The Dow Jones Industrial Average advanced 107 points, or 0.61%, to 17,689. The S&P 500 traded up 15 points, or 0.72%, at 2,080, with energy leading eight sectors higher and consumer staples and utilities the only decliners. The Nasdaq traded up 39 points, or 0.77%, at 5,068. Gold is trading about 0.8% lower, crude oil is seen trading about 6% higher, and the U.S. dollar is seen trading about 0.7% higher about  1:00pm Chicago time.
Tuesday, there were 3,190 contracts traded, up from 2,494 contracts traded on Monday. Open interest – the number of contracts outstanding – on Tuesday decreased by 340 contracts to 12,747.

Thailand Rice Sellers Increase Some of Their Quotes Today; Other Asian Quotes Remain Unchanged

Oct 28, 2015

Thailand rice sellers have increased their quotes for glutinous rice variety by about $15 per ton to around $675 - $685 per ton today. Other Asian rice sellers kept their quotes unchanged today.
5% Broken Rice
Thailand 5% rice is indicated at around $355 - $365 per ton about $15 per ton discount on Vietnam 5% rice shown at around $370 - $380 per ton. India 5% rice is indicated at around $350 - $360 per ton, about $45 per ton premium on Pakistan 5% rice shown at around $305 - $315 per ton.
25% Broken Rice
Thailand 25% rice is indicated at around $330 - $340 per ton, about $25 per ton discount on Vietnam 25% rice shown at around $355- $365 per ton. India 25% rice is indicated at around $330 - $340 per ton, about $50 per ton premium on Pakistan 25% rice shown at around $280 - $290 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $360 - $370 per ton. India parboiled rice is indicated at around $340 - $350 per ton, about $65 per ton discount to Pakistan parboiled rice last shown at around $405 - $415 per ton.                            
100% Broken Rice
Thailand broken rice, A1 Super is 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 $285 - $295 per ton, about $10 per ton premium on Pakistan broken sortexed rice shown at around $275 - $285 per ton.
Global Rice Quotes
October 29th, 2015
Long grain white rice - high quality
Thailand 100% B grade           360-370           ↔
Vietnam 5% broken     370-380           ↔
India 5% broken          350-360           ↔
Pakistan 5% broken     305-315           ↔
Myanmar 5% broken   415-425           ↔
Cambodia 5% broken 415-425           ↔
U.S. 4% broken           490-510           ↔
Uruguay 5% broken    535-545           ↔
Argentina 5% broken   530-540           ↔
Long grain white rice - low quality
Thailand 25% broken 330-340           ↔
Vietnam 25% broken   355-365           ↔
Pakistan 25% broken   280-290           ↔
Cambodia 25% broken            400-410           ↔
India 25% broken        330-340           ↔
U.S. 15% broken         500-510           ↔

Long grain parboiled rice
Thailand parboiled 100% stxd             360-370           ↔
Pakistan parboiled 5% broken stxd      405-415           ↔
India parboiled 5% broken stxd           340-350           ↔
U.S. parboiled 4% broken       590-610           ↔
Brazil parboiled 5% broken     545-555           ↔
Uruguay parboiled 5% broken             NQ       ↔

Long grain fragrant rice
Thailand Hommali 92%           815-825           ↔
Vietnam Jasmine         475-485           ↔
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          285-295           ↔
Egypt medium grain brokens   NQ       ↔
U.S. pet food   330-340           ↔
Brazil half grain           NQ       ↔

All prices USD per ton, FOB vessel, oryza.com


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