Argentina Rice Exports Increase Sharply in First Six Months of 2015
Nov 10, 2015
Argentina has exported
around 432,568 tons of rice in the first six months of 2015 (January - June),
up about 21% from around 358,598 tons exported during the same period in 2014,
according to data from the Ministry of Agriculture in Argentina.
In June 2015,
Argentina exported around 131,002 tons of rice, up about 19% from around
109,775 tons in May 2015 and more than twice from around 61,648 tons exported
in June 2014.
Argentina exported
around 30,000 tons of rice to Iraq (about 23% of total June 2015 exports),
around 29,067 tons of rice to Cuba (about 22% of June 2015 exports), around
23,768 tons of rice to Chile (about 18% of June 2015 exports), around 20,593
tons of rice to Brazil (about 16% of June 2015 exports), around 10,739 tons of
rice to Bolivia (about 8% of June 2015 exports) and around 7,953 tons of rice
to Senegal (about 6% of June 2015 exports) in June 2015.
It exported the
remaining 7% or around 9,170 tons of rice to Belgium (857 tons), Canada (1,177
tons), Denmark (260 tons), the U.S. (1,428 tons), Israel (184 tons), Nicaragua
(360 tons), Paraguay (110 tons), Algeria (1,999 tons), Costa Rica (1,750 tons),
Honduras (325 tons), Italy (162 tons), New Zealand (20 tons), Netherlands (65
tons), U.K. (45 tons), Germany (72 tons), and Ukraine (20 tons) during the
month.
Government of Thailand Advises Rice Farmers to Grow Taro Instead of Rice to
Cope with Water Shortages
Nov 10, 2015
The government of
Thailand is advising the rice farmers in the Central provinces to grow taro
instead of rice in this season due to water shortages in the Chao Phraya River
basin, according to Xinhua.
An official from the
Rice Department told local sources that farmers are being encouraged to grow
taro, which will yield more income than rice. "Taro can bring up more
income than rice. For instance, one ton of taro currently sells for an average
of 25,000 baht (about 694 U.S. dollars), compared to the average price of only
6,500 baht (about 180 U.S. dollars) for a ton of rice," he said.
Farmers are
essentially advised to grow less water-consuming plants. The Rice Department is
also discouraging farmers from growing second and third crops to contain severe
drought problems. The Prime Minister recently noted that the current water
problem has arisen due to farmers growing more rice crops in a year, which are
said to have demanded large volumes of water from major dams in the north. He
reportedly instructed officials to restrict irrigation water for extra crops in
the central region since last year.
The
extending drought conditions are likely to lower the Thai paddy rice production
to around 22.98 million tons in 2015-16, down about 30% from around 32.62
million tons last year
Italian Paddy Rice Prices Continue to Increase in First Week of November
2015
Nov 10, 2015
Italian paddy rice
prices, which were quite low in the last week of September last week and first
week of October, have started increasing from the second week of October and
are continuing the pace. Prices of both Indica and Japonica varieties have
increased during the week October 27 - November 3, 2015. Harvesting of the
2015-15 rice land is complete and the data regarding the availability of stocks
will be released soon, according to the local sources.
Below are farm gate
paddy quotes from the Milan grain exchange, as of November 3, 2015:
Arborio-Volano rice is
quoted 650-675 euros (about $ 699-726) per ton, unchanged from a week prior;
Balilla, Centauro and similar paddies are out at 330-350 euros (about $ 355-398)
per ton, up from 315-335 euros (about $ 339-382) per ton of October 27.
Lido, Crono, Flipper
and similar varieties are unchanged at 285-305 euros (about $ 306-328);
Padano, Argo is out at
385-430 euros (about $ 414-462) per ton, unchanged from a week prior.
Vialone Nano was
quoted in the week of November 3; on October 27 it was out at 545-570 euros
(about $ 586-613) per ton.
Carnaroli is quoted
660-715 euros (about $ 710-769) per ton, up from 650-705 euros (about $
695-759) of one week prior.
Thaibonnet and similar
varieties are unchanged at 280-300 euros (about $ 301-322) per ton.
Sant'Andrea is quoted
370-400 euros (about $ 398-430) per ton, up from 350-380 euros (about $
376-409) of October 27.
Luna Cl, Dardo and
similar varieties are shown at 290-310 euros (about $ 312-333) per ton, up from
285-305 euros ($ 306-328) per ton of October 27.
Baldo is quoted
360-380 euros (about $ 387-409) per ton, unchanged from a week prior.
Roma was quoted 390-420 euros (about $ 419-452) per ton, up from 370-400 euros (about $ 398-430) per ton of October 27.
Roma was quoted 390-420 euros (about $ 419-452) per ton, up from 370-400 euros (about $ 398-430) per ton of October 27.
Selenio is quoted
330-370 euros (about $ 355-398) per ton, up from 315-355 euros (about $
339-382) per ton of October 27.
Augusto is out at 355-375
euros (about $ 382-403) per ton, up from 330-350 euros (about $ 355-76) per ton
of a week prior; Loto and Nembo are quoted 320-350 euros (about $ 344-376) per
ton, up from 295-325 euros (about 317-349) per ton of a week prior.
Brazil Rice Stocks Decline About 3% m/m to 121,038 Tons in October 2015
Nov 10, 2015
Brazil rice stocks
stood at around 121,038 tons in October 2015, down about 3% from around
124,777 tons in September 2015 and down about 76% from around 494,339
tons in October 2014, according to the country's national grain supplying
agency Conab.
According to Conab,
rice stocks with the Selling Option Contract of Agricultural Products (OPCAO)
stood at around 68,683 tons, down about 4% from around 72,558 tons in September
2015 and down about 77% from around 299,621 tons in October 2014.
Rice stocks with the
Federal Government Acquisition (AGF) stood at around 51,349 tons, down about 2%
from around 52,213 tons in September 2015 and down about 75% from around
194,313 tons in October 2014.
Rice stocks with
farmers (Agricultural Familiar) stood at around 6 tons in August 2015,
unchanged from September 2015 and down about 99% from around 405 tons in
October 2014.
In September 2015,
Brazil’s National Grains Supply Company (Conab) has forecasted the country's
2014-15 paddy rice production at around 12.449 million tons (around 8.6 million
tons, basis milled), up about 2.7% from around 12.121 million tons (around 8.24
million tons, basis milled) in 2013-14, and slightly up from its August
estimate of around 12.342 million tons (around 8.51 million tons, basis
milled).
USDA Estimates U.S. 2015-16 All Rice
Supplies to Increase on Higher Production
Nov
10, 2015
In
its November 2015 World Agricultural Demand and Supply Estimates (WASDE)
report, USDA estimates the U.S. all rice supplies at around 12.01 million tons,
up from its last month’s forecast of 11.88 million tons and down from 12.56
million tons in 2014-15 due to expected higher production. The U.S. long-grain
rice supply estimates are raised to 8.2 million tons, and the U.S. short and
medium grain rice supply estimates are raised to 3.72 million tons, from last
month.
USDA
estimates U.S. 2015-16 U.S. all rice production (milled basis) at around 8.65
million tons, up from last month's estimate of 8.52 million tons due to a
likely increase in yields to around 8.35 tons per hectare. However, the production
is expected to be lower than last year's estimated 10.02 million tons.
Long-grain rice production is estimated at around 6.01 million tons, down from
last month's estimate of 5.91 million tons; and short- and medium- grain
production is estimated at around 2.65 million tons, down from last month's
estimate of 2.61 million tons.
USDA
raised all rice domestic and residual use to around 5.67 million tons, down
from last month's estimates of around 5.67 million tons. Long-grain estimates
are raised to 4.26 million tons and combined medium- and short- grain estimates
are raised to 1.5 million tons.
It
estimates 2015-16 U.S. all rice exports at around 4.45 million tons, up from
last month's forecast of 4.4 million tons and down from last year's 4.76 million
tons. Estimates for the U.S. long grain exports are raised to around 2.95
million tons from last month's estimate of 2.9 million tons. However, no
changes are made to the export estimates of the combined medium- and short-
grain rice.
Average
farm prices of all rice and long-grain rice are expected to decline to around
$293.21 - $315.26 per ton and $253.53 - $275.70 per ton respectively, but those
of combined medium- and short- grain rice are expected to increase to around
$388.00 - $410.00 per ton.
Oryza U.S. Rough Rice Recap – Weaker Prices Seen after WASDE Report
Surprises Market with Increased Yields and Greater Global Ending Stocks
Nov 11, 2015
The U.S. cash market
was weaker again today after the USDA World Agriculture Supply and Demand Estimate
report showed that 2015/2016 global ending stocks increased 3% from the last
report as consumption falls in China and India.
The USDA left their
2015/2016 long grain ending stocks figure unchanged from last month at 21.8
million cwt (0.99 million tons) however there were a few changes made to the US
long grain balance sheet.
They increased their
domestic use and export figures both by 1.0 million cwt (45,360 tons), which
some in the industry had expected, however this was completely offset by a 2.0
million cwt (90,719 tons) increase in production on account of greater yields,
which almost no one had expected.
The USDA also
decreased their average on farm price for long grain paddy from $12.80-$13.80
per cwt ($282-$304 per ton) back to $11.50-12.50 per cwt ($254-$276 per ton)
which was what they had forecasted in their September report.
Going into the report,
the consensus was that the USDA would cut their yield forecast as well as their
end stocks figure and as a result this report surprised many in the industry.
Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Continue
to Slide as Bearish USDA S&D Report Causes U.S Grains to Selloff
Nov 11, 2015
Chicago rough rice futures
for Jan delivery settled 17.5 cent per cwt (about $4 per ton) lower at $11.880
per cwt (about $262per ton). The other grains finished the day sharply lower as
well, as traders reacted to a bearish USDA S&D report; Soybeans closed
about 1.2% lower at $8.5550 per bushel; wheat finished about 2.2% lower at
$4.9075 per bushel, and corn finished the day about 2.1% lower at $3.5550 per
bushel.
U.S. stocks traded in
a range Tuesday, pausing after Monday's roughly 1 percent decline, as investors
continued to weigh the likelihood of a December rate hike. European stocks
closed mixed. Asian equities ended mostly lower, with only Japan's Nikkei
closing a touch higher. Overnight, data from China increased concerns of
deflationary pressure and lack of domestic response to stimulus measures so
far. The country's National Bureau of Statistics reported the October consumer
price index rose a less-than-expected 1.3% from a year earlier, while the
producer price index fell 5.9% for its 44th straight month of decline. The
major U.S. averages fell about 1% Monday for their biggest decline in six
weeks, as investors weighed the odds of an interest rate hike by the Federal
Reserve in December, as well as soft trade data from China. In economic news,
import prices declined a more-than-expected 0.5% in October, while export
prices fell 0.2%.Wholesale inventories rose 0.5% in September, the largest gain
in 3 months. In afternoon trade, the Dow Jones Industrial Average gained 2
points, or 0.01%, to 17,736. The S&P 500 traded up 1 point, or 0.05%, to
2,079, with health care leading six sectors higher and materials the greatest
laggard. The Nasdaq declined 17 points, or 0.34%, to 5,077. Gold is seen
trading unchanged, crude oil is seen trading about 1.3% higher, and the U.S.
dollar is seen trading about 0.2% higher about 1:05pm Chicago time.
Monday, there were 960
contracts traded, up from 357 contracts traded on Friday. Open interest – the
number of contracts outstanding – on Monday increased by 101 contracts to
11,992.
Global Rice Quotes
November
10th, 2015
Long
grain white rice - high quality
Thailand
100% B grade 360-370 ↔
Vietnam
5% broken 370-380 ↔
India 5%
broken 345-355 ↔
Pakistan
5% broken 320-330 ↔
Myanmar
5% broken 405-415 ↔
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 345-355 ↔
Vietnam
25% broken 355-365 ↔
Pakistan
25% broken 290-300 ↔
Cambodia
25% broken 400-410 ↔
India 25%
broken 325-335 ↔
U.S. 15%
broken 500-510 ↔
Long
grain parboiled rice
Thailand
parboiled 100% stxd 350-360 ↔
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% 785-795 ↔
Vietnam
Jasmine 470-480 ↔
India
basmati 2% broken NQ ↔
Pakistan
basmati 2% broken NQ ↔
Cambodia
Phka Mails 830-840 ↔
Brokens
Thailand
A1 Super 320-330 ↔
Vietnam
100% broken 330-340 ↔
Pakistan
100% broken stxd 280-290 ↔
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
Contents are published with written permission of ORYZA.com with thanks.All credit goes to ORYZA.
No comments:
Post a Comment