China Agrees to Import Rice from South Korea
Under Bilateral Deal
Nov 02, 2015
China has agreed to import rice from South Korea as
part of the on-going bilateral summit between the Premiers of the two
countries, according to local sources.The two countries have reportedly reached
an agreement on inspection rules regarding South Korea's rice.China has not
allowed rice imports from South Korea despite a number of attempts by the South
Korean government due to absence of a phytosanitary protocol between the two
countries.South Korea has been seeking to enter the Chinese rice
market for long. The deal is expected to a good move for South Korea, which is
of late struggling with increasing production and declining consumption
Thailand Rice Exports Decline Sharply in First
Nine Months of 2015
Nov 02, 2015
Thailand exported around
6.6 million tons of rice in the first nine months of 2015, down about 13% from
around 7.56 million tons exported during the same period last year, according
to data from Thai Rice Exporters Association (TREA). In value terms, Thailand
rice exports earned around $3.155 billion, down about 15% from around $3.73
billion earned during the same period last year.In September 2015, Thailand
exported around 720,554 tons of rice, up about 3% from around 696,919 tons
exported in August 2015, and down about 25% from around 960,042 tons exported
in September 2014. The increase can be attributed to an increased demand from
the Philippines and other importing nations. In value terms, Thailand’s rice
exports earned about $332.89 million from total rice exports during the month,
up about 2% from around $314.95 million earned in August 2015, and down about
17% from around $402.03 million earned in September 2014.
During the month, white
rice exports accounted for around 317,832 tons (about 44% of total September
2015 exports), Hom Mali rice exports accounted for about 104,068 tons (about
14% of total September exports), brokens accounted for 44,558 tons (about 6% of
total September 2015 exports), glutinous variety accounted for 7,569 tons
(about 1% of total September 2015 exports), parboiled rice accounted for about
241,985 tons (about 33% of total September 2015 exports) and husked/brown rice
accounted for about 4,541 tons (about 0.6% of total September 2015 exports).
Average export prices of all varieties of rice, except
the parboiled rice, increased during the month.The TREA estimate October
exports to reach 800,000 tons due to competitive prices.
Indonesia to Import 250,000 - 300,000 Tons of
Rice from Vietnam in November 2015
Nov 02, 2015
Indonesia's State
Logistics Agency Bulog has been authorized to receive about 250,000 - 300,000
tons of medium-quality rice from Vietnam this month, Investor Daily quoted the
Procurement Chief at the Bulog was quoted as saying.The government has been
planning to import rice if needed. It has reportedly secured rice import
contracts from four countries including Thailand and Vietnam.Meanwhile, the
Indonesian statistics agency is expecting the country's 2015 paddy rice
production at around 74.99 million tons, slightly below the estimated 75.55
million tons, according to Reuters. However, the agency noted that the current
estimates do not account for the El Nino impact on the rice production.The
country's paddy rice output reached around 70.85 million tons in 2014,
according to the Agricultural Ministry.
Iran May Issue New Basmati Rice Import Permits
Shortly, Say India Exporters
Nov 02, 2015
Indian
rice exporters are expecting Iran to issue fresh basmati rice import permits
from next month, local sources quoted the Executive Director of the All India
Rice Exporters Association (AIREA). “We have got indications from importers in
Iran that they may issue fresh licences from December or January," he said.Iran
imposed a temporary ban on rice imports in November 2014 citing
self-sufficiency in rice production and excess stocks as reasons. The
government of India has been pursuing the Iranian authorities to resume basmati
rice imports from India.
Iran
is the biggest buyer of India's basmati rice but following Iran's ban, India's
basmati rice exports have been impacted significantly. India's basmati rice
exports to Iran fell to around 930,000 tons in FY 2014-15 (April - March)
compared to around 1.44 million tons on FY 2013-14. In value terms, India's
basmati rice exports to Iran fell to around Rs.9,759 crore (around $1.5
billion) in FY 2014-15 from around 10,976 crore (around $1.68 billion) in FY
2013-14.
According
to data from the AIREA, India exported about 33,554 tons basmati rice worth
Rs.192 crore ($29 million) in August 2015, against 44,022 tons worth Rs.335
crore (around $51 million) in August 2014.Meanwhile, locally, basmati rice
farmers are feeling the impact of reduced demand. Domestic paddy prices have
fallen to around Rs.1,300 to Rs.1,800 per quintal (around $229 - $274 per ton)
from around Rs.3,000 per quintal (around $458 per ton). Exporters and traders
are reluctant to pay high prices for procuring basmati paddy due to low
demand.They are likely to stage protests against the state governments of
Punjab and Haryana for encouraging them to increase the production of
less-water consuming and high-yielding basmati rice varieties this year.
Thailand, Vietnam Rice Sellers Lower Some of
Their Quotes Today; Other Asian Rice Export Quotes Remain Unchanged
Nov 02, 2015
Thailand rice sellers have
lowered their quotes for fragrant A1 Super rice and parboiled rice varieties by
about $5 per ton to around $345 - $355 per ton and $355 - $365 per ton
respectively. They also lowered their quotes for Hom Mali rice by about $20 per
ton to around $790 - $810 per ton. Vietnam rice sellers have
lowered their quotes for glutinous rice by about $10 per ton to around $465 -
$475 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 $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 $355 -
$365 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
$320 - $330 per ton, about $15 per ton premium on 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
Thailand Rice Exports Decline Sharply in First
Nine Months of 2015
Nov 02, 2015
Thailand
exported around 6.6 million tons of rice in the first nine months of 2015, down
about 13% from around 7.56 million tons exported during the same period last
year, according to data from Thai Rice Exporters Association (TREA). In value
terms, Thailand rice exports earned around $3.155 billion, down about 15% from
around $3.73 billion earned during the same period last year.In September 2015,
Thailand exported around 720,554 tons of rice, up about 3% from around 696,919
tons exported in August 2015, and down about 25% from around 960,042 tons
exported in September 2014. The increase can be attributed to an increased
demand from the Philippines and other importing nations. In value terms,
Thailand’s rice exports earned about $332.89 million from total rice exports
during the month, up about 2% from around $314.95 million earned in August
2015, and down about 17% from around $402.03 million earned in September 2014.
During
the month, white rice exports accounted for around 317,832 tons (about 44% of
total September 2015 exports), Hom Mali rice exports accounted for about
104,068 tons (about 14% of total September exports), brokens accounted for
44,558 tons (about 6% of total September 2015 exports), glutinous variety
accounted for 7,569 tons (about 1% of total September 2015 exports), parboiled
rice accounted for about 241,985 tons (about 33% of total September 2015
exports) and husked/brown rice accounted for about 4,541 tons (about 0.6% of
total September 2015 exports). Average export prices of all varieties of
rice, except the parboiled rice, increased during the month.The TREA estimate
October exports to reach 800,000 tons due to competitive prices.
November 3rd, 2015
Long grain white rice - high quality
Thailand 100% B grade 365-375
↔
Vietnam 5% broken 370-380
↔
India 5% broken 345-355
↔
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 345-355
↔
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 355-365 ↔
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% 790-810
↔
Vietnam Jasmine 475-485
↔
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 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
contents are published with permission of oryza.com with thanks
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