Cambodia Rice Exports Declined in September 2015 Due to High Prices, Say
Exporters
Oct 02, 2015
Cambodia's rice
exports declined to around 26,969 tons of milled rice during the month, down
about 10% from around 29,819 tons in August 2015; and about 24% from around
35,511 tons exported in September 2014. The fall in exports is mainly due
to high prices of Cambodian rice compared to the prices of Thai and Myanmar
rice, say exporters.
One of the leading
exporters told reporters that lower supplies due to below-average rains in the
beginning of this year also led to increase in both domestic and international
prices. He also noted that while Cambodia's jasmine rice exports increased to
around $880 per ton from around $750 per ton in the beginning of this year,
export prices of Thai jasmine rice declined to around $810 per ton from over
$900 per ton during the same period. However, exporters are expecting exports
to increase in the remaining three months of this year if rains continue and
supplies increase.
The Acting
Secretary-General of the Cambodia Rice Federation (CRF) told reporters that the
Agriculture Ministry is expecting the country's paddy output at around 9
million tons.
Cambodia has exported
around 369,105 tons of milled rice in the first nine months of 2015, up about
37% from around 269,370 tons exported during the same period last year. The
government of Cambodia aimed to increase rice exports to one million tons
(including official and unofficial exports to Thailand and Vietnam) in 2015 but
noted that it is unlikely to achieve the target due to inadequate milling
facilities and infrastructure as well as lack of access to funding.
USDA estimates
Cambodia to export 1.1 million tons of rice (including official and unofficial
exports to Vietnam and Thailand through borders) in 2015, up about 10% from an
estimated 1 million tons in 2014.
India 2015-16 Main Paddy Rice Slightly Ahead of Last Year Despite Poor
Monsoons
Oct 01, 2015
Total area planting to
India's 2015-16 Kharif (main) rice crop (June - December) is continuing to be
ahead of the last year despite weaker monsoon rains in the second half of the
monsoon season (August-September). Total rice planted area stood at around
37.59 million hectares as of October 1, 2015, slightly up from around 37.52
million hectares planted during the same time last year, according to a press
release by the Agriculture Ministry.
India received 14%
below-average rainfall as of September 30, according to the Indian
Meteorological Department (IMD). The North-west, Central, Southern and
North-East regions received 14%, 17%, 15% and 8% below-average rains
respectively. The IMD has been expecting most parts of the country to receive
normal to above normal rains between September 19 to October 3, 2016.
A likely
drought-inducing El Nino this year is expected to lower production prospects in
India this year. Extending drought conditions are already dampening production
prospects in Thailand, Indonesia and the Philippines. Rice prices in Asia are
expected to surge due to expected lower supplies.
The government of
India forecasts 2015-16 kharif (June - December) rice production at around 90.6
million tons, slightly down from around 90.86 million tons in 2014-15.
The total Kharif crop
sown area stands at 103.14 million hectares as on October 1, 2015, slightly up
from around 101.79 million hectares during the same period last year, according
to the Agriculture Ministry.
Paddy Procurement for KMS
2015-16 Begins in Indian State Punjab
Oct 02, 2015
Government agencies have begun paddy procurement for the
2015-16 Kharif marketing season (KMS) in the Indian state Punjab, according to
local sources.
The Reserve Bank of India (RBI) has reportedly released
Rs.18,972 crore (around $2.89 billion) for the purpose. The state's Food and
Civil Supplies Minister noted that the government is taking all possible
efforts to ensure hassle-free procurement and timely payments to farmers.
The Central government has directed the Punjab government to
procure basmati 1509 variety and the coarse variety at R.1,450 per quintal
(around $221 per ton).
Basmati 1509 variety, which received around Rs.4,000 per
quintal (around $609 per ton) last year is currently being sold at around Rs.
1,200-1,300 per quintal (around $183-$198 per ton) due to low export demand.
Exporters are complaining that demand for the variety is low due to higher
breakage content in the seeds.
The Punjab state government also re-imposed total taxes of
7% on the procurement of basmati paddy for private millers and traders to avoid
price manipulations. Punjab is one of the major rice-growing states in India
and accounts for about 11% of the country's total rice production.
The government of India is planning to procure around 30
million tons of rice in the KMS 2015-16.
Oryza U.S. Rough Rice Recap - Quiet Market as Buyers are Reluctant to Pay
Higher Prices
Oct 02, 2015
The U.S. cash market
was unchanged today with limited trading to report as most buyers have not been
keen to pay the prices farmers have been asking for. Analysts note that
the market will remain quiet until more demand shows up and convinces
buyers that prices are going higher or until farmers need to raise cash and are
forced to sell.
In the meantime, the
USDA reported that cumulative net export sales for the week that ended on
September 25th, totaled 70,500 tons, an increase of 19% from the
previous week and 5% higher than the prior 4-week average.
Increases were
reported for the following destinations including: 24,100 tons to Japan, 23,200
ton to Mexico, 11,500 tons to the Haiti, 5,900 tons to unknown destinations,
and 2,100 tons to Canada while decreased of 400 tons were reported for Taiwan.
U.S. rice exporters
shipped 42,200 tons, a decrease of 55% from the previous week and 60% lower
than the prior 4-week average. Increases were reported for the following
destinations including: 15,200 tons to Haiti, 12,000 tons to Japan, 3,100 tons
to Mexico, 2,900 tons to South Korea, and 2,400 tons to Canada.
Oryza Afternoon Recap - Chicago Rough Rice Futures Rebound, Supported by
Firmer Wheat and Corn; Soy Falls as Traders Digest Yesterday's Grain Stocks
Report
Oct 02, 2015
Chicago rough rice
futures for Nov delivery settled 10 cents per cwt (about $2 per ton) higher at
$13.300 per cwt (about $293 per ton). The other grains finished the day with
mixed results; Soybeans closed about 1.7% lower at $8.7725 per bushel; wheat finished
about 1.1% higher at $5.1825 per bushel, and corn finished the day about 0.3%
higher at $3.8875 per bushel.
U.S.
stocks traded mostly lower Thursday, the first day of trade for the fourth
quarter, as investors weighed declines in Apple and biotech stocks amid key
domestic economic reports. The major averages turned lower after a positive
open on the back of slight gains in the futures market. The monthly nonfarm
payrolls report is due Friday at 8:30 a.m., ET. The key economic report of the
day, the September ISM manufacturing index, fell to the lowest level since May
2013 at 50.2, a decline from August's 51.1 print. Other economic reports out
Thursday continued to show strength in the housing and auto sectors. August
construction spending rose to its highest level since 2008, driven by
residential projects. Initial jobless claims showed a slight increase to
277,000. The September U.S. Markit manufacturing PMI came in at 53.1.
In
Europe, the pan-European Stoxx 600 index turned lower despite rallies in Asia
and Wall Street overnight. In Asia, Japan's Nikkei finished 1.92% higher.
Chinese stock markets in both the mainland and Hong Kong were closed for the
National Day Holiday. On Wednesday, the Shanghai Composite index closed up
0.50%.In midday trade, the Dow Jones Industrial Average declined 189 points, or
1.16%, at 16,095. The S&P 500 fell 16.6 points, or 0.87%, at 1,903, with
utilities leading all 10 sectors lower. The Nasdaq declined 52 points, or
1.14%, at 4,567. Gold is trading about 0.2% lower, crude oil is seen trading
about 0.2% lower, and the U.S. dollar is seen trading about 0.2% lower
about 1:00pm Chicago time.
Wednesday, there were
2,174 contracts traded, up from 1,020 contracts traded on Tuesday. Open
interest – the number of contracts outstanding – on Wednesday decreased by 78
contracts to 11,512.
Global Rice Quotes
October 2nd, 2015
Long grain white rice - high quality
Thailand 100% B grade 365-375 ↔
Vietnam 5% broken 335-345 ↔
India 5% broken 355-355 ↔
Pakistan 5% broken 310-320 ↔
Myanmar 5% broken 410-420 ↔
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 285-295 ↔
Cambodia 25% broken 400-410 ↔
India 25% broken 315-325 ↔
U.S. 15% broken 500-510 ↔
Long grain parboiled rice
Thailand parboiled 100% stxd 355-365 ↔
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% 800-810 ↓
Vietnam Jasmine 470-480 ↔
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 330-340
↔
Brazil half grain NQ ↔
All
prices USD per ton, FOB vessel, oryza.com
Thailand Rice Sellers
Lower Some of Their Quotes Today; Other Asian Quotes Unchanged
Oct 02, 2015
Thailand rice sellers
lowered their quotes for Hom Mali rice variety by about $5 per ton to around
$800-$810 per ton; and lowerd their quotes for glutinous rice variety by about
$10 per ton to around $665-$675 per ton today. Other Asian rice sellers kept
their quotes unchanged.
5% Broken Rice
Thailand 5% rice is
indicated at around $355 - $365 per ton about $20 per ton premium on Vietnam 5%
rice shown at around $335 - $345 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
shown at around $330 - $340 per ton, about $10 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 $30 per ton premium on Pakistan 25% rice shown at
around $285 - $295 per ton.
Parboiled Rice
Thailand parboiled
rice is indicated at around $355 - $365 per ton. India parboiled rice is
indicated at around $340- $350 per ton, about $75 per ton discount to Pakistan
parboiled rice was last shown at around $415 - $425 per ton.
100% Broken
Rice
Thailand broken rice,
A1 Super, 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.
Thai Rice Farmers Advised to Avoid Dry-Season Rice Planting Due to Water
Shortages
Oct 02, 2015
Officials from the
Agriculture and Cooperatives Ministry advised rice farmers in the Chao Phraya
and Mae Klong River Basins to avoid planting for the dry-season rice as water
levels in the major dams in the two basins are at critical levels, according to
local sources.
The Ministry's
Permanent Secretary told local sources that water levels in the four dams -
Bhumibol, Sirikit, Kwai Noi and Pasak Jolasid - in the Chao Phraya
River Basin had only 3,006 million cubic metres as on October 1, 2015. He urged
farmers not to plant the dry-season rice crop and warned that the crops would
fail due to water shortages. He added that water in the four dams would be
sufficient for domestic consumption.
On the other hand, the
water level in the Srinagarindra Dam and the Vajiralongkorn Dam in the Mae
Klong River Basin was only 2,294 million cubic metres and 2,274 million cubic
metres respectively.
Agriculture Ministry
officials are urging farmers in the seven provinces in the basin to use water
wisely and encouraging them to cultivate crops that require less water.
However, farmers in
the Chao Phraya river basin are understood to have already planted dry-season
rice crop in around 500,000 rai (around 80,000 hectares) of the total 10.7
million rai (around 1.71 million hectares) of paddy acreage in the region.
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