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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