Nicaragua Develops New Drought-Resistant Rice Variety
Nov 23, 2015
The Nicaraguan Institute
of Agricultural Technology (INTA) has developed a new drought-resistant rice
variety, INTA-Posoltega, according to local sources.The new variety can yield
up to 8 tonsof paddy per parcel of land (11.4 tons per hectare) and matures in
120 days, according to an INTA's researcher.
The INTA-Posoltega
variety was reportedly introduced to small- and medium-sized rice producers in
the country's south-eastern city of Nueva Guinea, an agricultural region which
vulnerable to droughts and climate changes.
Nicaragua produces about
80% of the annual demand of over 350,000 tons. USDA estimates the South
American nation to produce about 290,000 tons of rice (basis, milled) in MY
2015-16 (October - September) and import about 70,000 tons to meet an annual
consumption demand of around 360,000 tons.
European Paddy, Rice Quotes Show
Slight Movements in Second Week of November 2015
Nov 23, 2015
European paddy quotes
showed slight movements during the week November 10-17, 2015, according to the
European quotations supplied by the European Union (EU) on November 17, 2015.
Paddy quotes were not available in some countries.SPAIN - Japonica paddy did
not move from 286 euros (about $304) per ton, unchanged. Indica paddy is firm
at 273 euros (about $290) per ton. Milled Japonica rice quoted 586 euros (about
$623) per ton on both weeks.
PORTUGAL - Portuguese
rice received no quotations on both weeks.
GREECE – Greek rice
received no quotations on both weeks as for medium and Indica varieties. Paddy
long varieties are out at 300 euros (about $319 per ton) on both weeks.
ROMANIA -
Japonica paddy prices were fixed at 353 euros (about $375) per ton, slightly up
from 352 euros (about $374) per ton on November 10. Indica paddy quotes were
fixed on November 17 at 312 euros (about $331) per ton, down from 320 euros
(about $340) per ton of the prior week. As for milled rice, on November 17,
Japonica quotes went up to 731 euros (about $777) per ton from 720 euros (about
$765) per ton on November 10. Indica milled rice was fixed at 684 euros (about
$727) on November 17, up from 662 euros (about $704) per ton of November 10.
BULGARIA - Japonica
paddy quotations were firm at 294 euros (about $312) per ton. Japonica milled
rice prices were unchanged at 872 euros (about $927) per ton.
FRANCE - Round milled
rice was out at 560 euros (about $595) per ton on both weeks, Long A at 590
euros (about $627) per ton on both weeks, Long B at 580 euros (about $616) per
ton, upo from 570 euros (about $606) per ton of November 10.
Iran to Temporarily Allow Rice Imports, Reports Local Media
Nov 23, 2015
Iran, which imposed a
ban on rice imports in October 2014 citing adequate stocks, has decided to
temporarily lift the ban on rice imports for three months starting December 3,
2015, local sources quoted a statement issued by the Agriculture Minister.
The Ministry will
reportedly allow customs officials to issue new import permits from December 4,
2015 - March 4, 2016, according to the statement. The ban will be reinstated
after the three-month period, according to the Ministry.
The decision is
understood to tackle the insufficient domestic stocks to meet the demand.
There were reports in
early November 2015 that Iran was lifting the ban on rice imports. However, the
Agriculture Ministry denied the reports. A few days later, it was reported that
Indian rice exporters were using the United Arab Emirates (UAE) route to export
rice to Iran in an effort to get around Iran's restrictive import permits to
India's basmati rice.
Iran imported around
433,000 tons of rice in the first seven months of FY 2015-16 (March - February)
on orders placed before the ban.
Iran is the largest
exporter of Indian basmati rice, accounting for more than a third of the
country's basmati rice exports. Indian exporters are looking forward for Iran
to resume imports as it would enhance basmati rice exports as well as push up
prices, which have been falling since the beginning of this year due to lower
demand.
India has exported
300,000 tons of basmati rice to Iran in the first four months of (April-August)
FY 2015-16 (April - March) against 370,000 tons during the same period in FY
2014-15, according to the APEDA data. India exported 935,567 tons in FY
2014-15, down about 35% from around 1.44 million tons in FY 2013-14.
Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Ease off
of Early Gains to Close in the Red; Wheat Rallies Over 1.5% on the Day
Nov 24, 2015
Chicago rough rice
futures for Jan delivery settled 2.5 cents per cwt (about $1 per ton) lower at
$12.105 per cwt (about $267 per ton). The other grains finished the day higher;
Soybeans closed about 0.8% higher at $8.6425 per bushel; wheat finished about
1.6% higher at $4.9775 per bushel, and corn finished the day about 0.9% higher
at $3.7300 per bushel.
U.S.
stocks traded in a range Monday as investors eyed fluctuations in oil prices
and looked ahead to economic reports in the shortened Thanksgiving holiday
week. European stocks ended lower, under some pressure from fluctuations in oil
prices and declines in copper, which hit its lowest level in more than 6 years.
U.S. stocks rose more than 3% last week, with the S&P 500 posting its best
week for the year so far, helped by gains in retail stocks and increasing
confidence in a December rate hike. Key economic reports for the week include
another read on third-quarter GDP Tuesday and the Fed's preferred gauge on
inflation, the price inflation measure for personal consumption expenditures,
Wednesday.
In
economic news Monday, the Chicago Fed National Activity Index was minus 0.04 in
October, up from minus 0.29 in September. Existing home sales showed a decline
of 3.4% in October. In early afternoon trade, the Dow Jones industrial average
gained 1 point, or 0.01%, to 17,824. The S&P 500 traded up 2 points, or
0.13%, to 2,091, with energy leading six sectors higher and utilities the
greatest laggard. The Nasdaq traded up 13 points, or 0.26%, to 5,117. Gold is
seen trading about 0.9% lower, crude oil is seen trading about 0.3% lower, and
the U.S. dollar is seen trading about 0.2% higher at about 1:45pm Chicago
time.
Friday, there were 348
contracts traded, down from 2,016 contracts traded on Thursday. Open interest –
the number of contracts outstanding – on Friday decreased by 176 contracts to
12,520.
China Rice Imports Increase Sharply in First Ten Months of 2015
Nov 23, 2015
China has imported
around 2.636 million tons of rice in the first ten months of 2015 (January -
December), up about 31% from around 2.013 million tons imported during the same
period last year, according to data from China Customs General Administration.
In October 2015, China
imported around 322,600 tons of rice, down about 10% from around 357,700 tons
imported in September 2015, and up about 79% from around 180,000 tons imported
in October 2014.
China has exported
around 229,400 tons of rice in first ten months of 2015, down about 3% from
around 236,555 tons exported during the same period last year, according to
data from the China Customs General Administration.
In October 2015, China
exported around 24,200 tons of rice, down about 62% from around 63,000 tons
exported in September 2015 and down about 58% from around 57,492 tons exported
in October 2014.
China imported about
2.563 million tons of rice and exported about 419,069 tons of rice in 2014.
USDA estimates China
to produce around 145.5 million tons of milled rice in MY 2015-16 (July -
June). It estimates China to import around 4.7 million tons and export around
400,000 tons of rice in 2015.
Thailand, Vietnam Rice Sellers Alter Some of Their Quotes Today; Other
Asian Rice Quotes Remain Unchanged Today
Nov 23, 2015
Thailand rice sellers
have increased their quotes for fragrant A1 super rice by about $5 per ton to
around $345 - $355 per ton today. Vietnam rice sellers lowered their quotes for
5% broken rice and jasmine rice varieties by about $5 per tons to around $365 -
$375 per ton and $445 - $455 per ton respectively. Other Asia rice sellers kept
their quotes unchanged from Friday.
5% Broken Rice
Thailand 5% rice is
indicated at around $350 - $360 per ton about $15 per ton discount on Vietnam
5% rice shown at around $365 - $375 per ton. India 5% rice is indicated at
around $345 - $355 per ton, about $30 per ton premium on Pakistan 5% rice shown
at around $315 - $325 per ton.
25% Broken
Rice
Thailand 25% rice is
indicated at around $335 - $345 per ton, about $20 per ton discount on Vietnam
25% rice shown at around $355- $365 per ton. India 25% rice is indicated at
around $325 - $335 per ton, about $35 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 $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 $325 - $335 per ton, about $5 per ton discount
to Vietnam 100% broken rice shown at around $330 - $340 per ton. India's 100%
broken rice is shown at around $285 - $295 per ton, about $5 per ton premium on
Pakistan broken sortexed rice shown at around $280 - $290 per ton.
Thailand 2015-16 Dry Season Paddy Rice Output to Decline Sharply on Lower
Acreage
Nov 23, 2015
Thailand's 2015-16 dry
season rice crop (November - April) output is expected to decline to around 4
million tons, down about 25% from around 5.3 million tons last year, due to El
Nino-induced drought conditions, Bloomberg quoted a statement by the Office of
the Agricultural Economics (OAE).
It estimates the
acreage for the on-going dry season crop at around 6.36 million rai (around
1.02 million hectares), down about 25% from around 8.48 million rai (around
1.36 million hectares) in the previous year.
The government agency
estimates the output from the 2015 main season rice crop (April - December) at
around 22.98 million tons, down about 30% from around 32.62 million tons last
year. Acreage for the main rice crop was at around 53 million rai (around 8.48
million hectares), down about 9% from around 58 million rai (around 9.32
million hectares) in the previous year.
The government is
expecting the drought conditions to continue in 2016 also. It is encouraging
farmers to switch to less water-consuming crops such as corn or beans.
It is also expecting
the domestic paddy rice prices to increase next year. It is expecting the
average price of paddy white rice paddy at around 7,782 baht (around $218) per
ton, according to the statement.
Pakistan Rice Exports Increase Sharply in First Four Months of FY 2015-16
Nov 23, 2015
Pakistan exported
around 1.03 million tons of rice (including 114,895 tons of basmati and 917,302
tons of non-basmati) in the first four months of FY 2015-16 (July - June), up
about 20% from around 859,683 tons (168,955 tons of basmati and 690,718 tons of
non-basmati) exported during the same period in FY 2014-15, according to
provisional data from the Pakistan Bureau of Statistics (PBS).
However, Pakistan's
rice exports declined in terms of value during the said period. Pakistan earned
around $446 million during the four months of FY 2015-16, down about 14% from
around $517 million earned last year. The decline is attributed to a sharp
decline in global rice prices as well as a slow demand.
In October 2015,
Pakistan exported around 372,630 tons of rice, up about 42% from around 263,368
tons exported in September 2015 and up about 29% from around 289,884 tons
exported in October 2014. In terms of value, Pakistan earned about $147.5
million in October 2015, up about 72% from around $85.6 million earned in
September 2015 and down about 5% from their year-ago levels of around $154.7
million.
Pakistan exported
around 24,945 tons of basmati rice in October 2015, down about 23% from around
32,410 tons exported in September 2015, and down about 47% from around 47,459
tons exported in October 2014. In terms of value, Pakistan's basmati rice
exports earned $26 million in October 2015 2015, down about 32% from around $38
million earned in September 2015, and down about 45% from around $47 million
earned in October 2014.
Pakistan exported
around 347,685 tons of non-basmati rice in October 2015, up about 51% from
around 230,958 tons exported in September 2015 and up about 43% from around
242,415 tons in October 2014. In terms of value, Pakistan's non-basmati rice
exports earned $121 million in October 2015, over two-and-half times from
around $48 million earned in September 2015, and up about 12% from around
$107.85 million earned in October 2014.
Global Rice Quotes
November 24th, 2015
Long grain white rice - high quality
Thailand 100% B grade 360-370
↔
Vietnam 5% broken 365-370
↔
India 5% broken 345-355
↔
Pakistan 5% broken 315-325
↔
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 335-345
↔
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% 705-715
↔
Vietnam Jasmine 445-455
↔
India basmati 2% broken NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Mails 830-840
↔
Brokens
Thailand A1 Super 325-335
↔
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
All news have been shared with permission of ORYZA.com with thanks.All News are exclusive
product of ORZA.com
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