Italian Paddy Rice
Prices Remain Firm in Third Week of November 2015
Nov 30, 2015
Italian paddy rice
prices remained unchanged as of November 24, 2015 from those on November 17,
2015, according to local sources. Prices, which were quite low in the last week
of September and first week of October, have started increasing from the second
week of October and have continued the pace till the week ended November 17.
Prices of Japonica reportedly increased to a relatively higher extent in the
earlier weeks of this crop year (September 2015 – August 2016).
Below are farm gate
paddy quotes from the Milan grain exchange, as of November 24, 2015:
Arborio-Volano rice is
quoted 650-675 euros (about $ 689-715) per ton;
Balilla, Centauro and
similar paddies are out at 335-365 euros (about $ 355-387) per ton;
Lido, Crono, Flipper
and similar varieties are out at 300-320 euros (about $ 318-339) per ton;
Padano, Argo is out at
385-430 euros (about $ 408-456) per ton;
Vialone Nano is quoted
590-630 euros (about $ 625-668) per ton;
Carnaroli is quoted
650-705 euros (about $ 689-747) per ton;
Thaibonnet and similar
varieties are quoted 285-305 euros (about $ 302-322) per ton;
Sant'Andrea is quoted
390-420 euros (about $ 413-445) per ton;
Luna Cl, Dardo and
similar varieties are out at 300-320 euros (about $318-339 ) per ton;
Baldo is quoted
360-380 euros (about $ 381-403) per ton;
Roma is quoted 400-430
euros (about $ 424-456) per ton;
Selenio is quoted
335-385 euros (about $ 355-408) per ton;
Augusto is out at
355-375 euros (about $ 376-397) per ton;
Loto and Nembo are
quoted 330-360 euros (about $ 349-381) per ton.
Milling Facility
Aims for Undisrupted Rice Supply in UAE
Nov 30, 2015
A new rice milling
facility worth 140 million dirham and with a storage capacity of 50,000 tons is
being planned by the Abu Dhabi-based agribusiness firm Al Dhara Holding and
India-based Kohinoor Foods to address supply concerns in the United Arab
Emirates (UAE), according to Reuters.
Al Dahra is the
government's strategic partner on food security matters. The joint venture firm
can handle all production processes including milling , storing, packing and
distribution.
Since UAE imports all
the rice needed for its consumption and nearly 85% of its food needs, setting
up of such a modern facility is expected to ensure continuous supply of rice
and other food items within the UAE countries.
"Al Dahra
Kohinoor facility will ensure the sustainable and undisrupted supply of
essential food commodities into the Emirate (Abu Dhabi) and we are eager to
launch operations by the second quarter of 2016," said the Vice Chairman
of Al Dhara Holding in a statement.
The facility will
reportedly be located in the Khalifa Industrial Zone Abu Dhabi (Kizad).
USDA estimates UAE to
import about 460,000 tons of rice in 2015.
Japan Lowers 2016
Rice Production Target by 1% to 7.43 Million Tons
Dec 01, 2015
Japan's Agriculture
Ministry has lowered the country's rice production target in 2016 to around
7.43 million tons from last year's 7.51 million tons in line with the falling
consumption demand, according to local sources.
The Ministry has
accordingly, reduced individual targets for the country's 47 prefectures, some
officials were quoted as saying.
The government has
been lowering the rice production target every year since 2010. Currently, the
government is encouraging farmers to lower production for human consumption and
increase that for feed. Rice production for human consumption fell below the
target in 2015, but domestic rice consumption also declined significantly
during the year, according to Ministry sources.
Rice utilization for
feed in the first eleven months of MY 2014-15 (October - September) reached
around 1.068 million tons from around 732,893 tons in MY 2013-14, USDA Post
reported in a recent report.
India Average
Wholesale Rice Prices Increase in November 2015 on Concerns of Low Production
Dec 01, 2015
India average
wholesale rice prices which declined in October 2015 with the beginning of the
kharif (June - December) rice harvest, have increased in November on concerns
of lower output due to El Nino-induced below-average monsoon rains in many rice
growing areas.
Average monthly
wholesale rice prices in India increased to around Rs.2,614.61 per quintal in
November 2015, up about 1% from around Rs.2,588.89 per quintal in October 2015,
and down about 6% from their year-ago levels of around Rs.2,779.28 per quintal.
In terms of USD per
ton, wholesale rice prices in India stand at around $396 per ton (using current
exchange rates) in November 2015, slightly down from around $399 per ton (using
historical exchange rates) in October 2015, and down about 12% from around $448
per ton (using historical exchange rates) in November 2014.
Analysts are expecting
India’s average prices to increase if India’s production is dampened by
intensifying El Nino weather pattern, which is likely to cause drought
conditions in Asia. The government of India has forecasted the 2015-16 kharif
(June - December) rice production at around 90.6 million tons, slightly down
from around 90.86 million tons in 2014-15.
Oryza CBOT Rough
Rice Futures Recap - Chicago Rough Rice Futures Give Up Early Gains to Close
Lower
Dec 01, 2015
Chicago rough rice
futures for Jan delivery settled 5 cents per cwt (about $1 per ton) higher at
$11.905 per cwt (about $262 per ton). The other grains finished the day mostly
higher; Soybeans closed about 0.9% higher at $8.8100 per bushel; wheat finished
about 0.7% lower at $4.7550 per bushel, and corn finished the day about 1.4%
higher at $3.7225 per bushel.
U.S. stocks traded
mostly lower Monday, the last day of trade for November, as investors eyed
retail results and readied for key data and central bank comments later in the
week. The major averages briefly attempted slight gains before holding mostly
below the flatline in afternoon trade. The major averages are on track for
monthly gains of about 0.3% or more, with the Nasdaq composite the best
performer. The November Chicago PMI came in at 48.7, in contraction territory
and down from October's 56.2 print. The pending home sales figure for
October from the National Association of Realtors rose by just 0.2%, ending two
straight months of declines but far below expectations for a 1.0% rebound,
Reuters said. In addition to Friday's key employment report, central banks will
take center stage later in the week. On Thursday, the European Central Bank is
expected to expand its easing program and cut its already negative deposit
rate. The International Monetary Fund announced Monday it will include China's
yuan, or renminbi, in an exclusive group of currencies that make up the basket
of the IMF's Special Drawing Rights (SDR). The change is set to take effect
next October. European stocks closed mixed, while Asian equities ended mostly
lower. The Shanghai composite closed mildly higher after posting its worst day
since August on Friday. In early afternoon trade, the Dow Jones industrial
average traded down 24 points, or 0.14%, to 17,776. The S&P 500 traded down
3 points, or 0.15%, at 2,087, with energy leading six sectors higher and
healthcare leading advancers. The Nasdaq composite traded down 19 points, or
0.39%, at 5,107. Gold is seen trading about 1.2% higher, crude oil is seen
trading nearly flat, and the U.S. dollar is seen trading about 0.1% higher at
about 1:20pm Chicago time.
Friday, there were 729
contracts traded, down from 1,063 contracts traded on Wednesday. Open interest
– the number of contracts outstanding – on Friday increased by 162 contracts to
12,544.
IGC Forecasts
2015-16 Global Rice Production to Decline About 1% from Previous Year
Dec 01, 2015
In its November 2015
Grain Market Report (GMR), the International Grains Council (IGC) forecasts
2015-16 global rice
production at around 474 tons, down about 1% from record 478
million tons in 2014-15 as expected decline in some of the top producing
countries, including India and Thailand, is only partly offset by improved
harvest in other Asian countries.
The IGC, however kept
its forecasts unchanged from its previous estimate in October 2015.
The IGC forecasts
2015-16 global rice
trade at around 42 million tons, unchanged from the previous
year's 42 million tons as well as its previous estimate of around 42 million
tons. The IGC forecasts global trade to reach record high in 206 due to
increased imports by most of the Asian countries, including Indonesia and the
Philippines, as part of efforts to maintain adequate domestic supplies.
The agency forecasts
2015 global rice
consumption to increase about 1% to around 486 million tons
from an estimated 483 million tons last year and slightly up from its previous
estimate of around 487 million tons.
The IGC forecasts global rice ending stocks
at around 94 million tons in 2015-16, down about 12% from an estimated 107
million tons in 2014-15 and unchanged from its previous estimate. The IGC
forecasts the ending stocks in major exporters like India and Thailand to
decline significantly.
In its November 2015
Rice Outlook report, USDA forecasts 2015-16 global rice production (milled
basis) at around 473.5 million tons, down about 1% from last year due to an
expected decline in acreage as well as decline in average yields, which are
likely to be affected by adverse weather conditions. USDA forecasts 2015 global
rice trade at around 42.5 million tons, down about 800,000 tons from an
estimated 43.3 million tons in 2014, and almost unchanged from last month's
forecast of around 42.4 million tons.
Italy Approves New
Law on Agricultural Biodiversity; More Rice Varieties to Get PDO, PGI
Denominations
Dec 01, 2015
The Italian Parliament
has approved the institution of a 'National System of Agricultural Biodiversity
and Food' on November 30, 2015, according to local sources. It has also
approved for the institution of a Protection Fund to support the actions of
farmers.
According to the law,
the Council for Agricultural Research and analysis of the agrarian economy
(CREA) will intervene in the research activities related to agricultural
biodiversity and food over the next three years to protect and develop the
agricultural sector.
Farmers unions have
welcomed the decision. "The recognition of our typical and traditional
products related to agriculture Italian territory becomes a real investment in
competitiveness," said the Italian Farmers Union Coldiretti.
The decision is
expected to protect the locally developed rice varieties. Italy currently has
4,886 traditional foods developed in local regions, including 272 food
varieties are Protected Designation of Origin (PDO) and Protected Geographical
Indications (PGI) specialties. Of these, Riso di Baraggia biellese e vercellese
PDO, Vialone Nano PGI, Riso delta del Po PGI are famous rice varieties. The PDO
and GPI denominations allow to certify high quality standard in rice farming
and milling, thus permitting to get a higher final price.
The new law allows
rice produced in many other regions also get PDO and PGI denominations.
Oryza U.S. Rough
Rice Recap - Prices Seen Steady Despite Less Than Stellar Export Sales
Dec 01, 2015
The U.S. cash market
was seen mostly steady today despite than stellar export sales.
The USDA reported
that cumulative net export sales for the week that ended on November 19th,
totaled 33,700 tons, a decrease of 23% from the previous week and 51% lower
than the prior 4-week average.
Increases were
reported for the following destinations including: 13,700 ton to Japan, 7,200
tons to Costa Rica, 5,000 tons to Haiti, 3,600 tons to Honduras including 2,600
tons switched from unknown destinations, 3,100 tons to Canada.
U.S. rice exporters
shipped 27,900 tons, a decrease of 75% from than last week and 58% lower than
the prior 4-week average. Increases were reported for the following
destinations including: 12,300 tons to Japan, 3,900 tons to Mexico, 3,500 tons
to Honduras, 3,200 tons to Canada, and 1,500 tons to South Korea.
Global Rice Quotes
December 1st, 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 320-330 ↑
Myanmar 5% broken 405-415 ↔
Cambodia 5% broken 415-425 ↔
U.S. 4% broken 485-495
↔
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 295-305 ↑
Cambodia 25% broken 400-410 ↔
India 25% broken 320-330 ↔
U.S. 15% broken 515-525 ↔
Long grain parboiled rice
Thailand parboiled 100% stxd 345-355 ↔
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% 700-710 ↔
Vietnam Jasmine 435-445 ↓
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 280-290 ↔
Egypt medium grain brokens NQ ↔
U.S. pet food 330-340
↔
Brazil half grain NQ ↔
All prices USD per ton, FOB vessel, oryza.com
Thai Rice Prices
May Increase by 15% Next Year if Drought Continues, Says TREA Official
Nov 30, 2015
The Honorary President
of the Thai Rice Exporters Association (TREA) is expecting the Thai rice export
prices, which are currently slightly below the Vietnam prices, would increase
by about 10-15% in the first quarter of 2016 and another 10-15% in the second
quarter if the dry spell continues, according to local sources.
He told reporters that
the government is expecting output from this year's main crop to decline about
2% to 26 million tons, and that from the off-season to decline by over half to
around 4 million tons. If the drought conditions continue, output from next
year's main crop may be impacted as well, he said.
The TREA is expecting
the global rice production to decline by about 1%, he said. "The impact of
the dry weather is expected to become clearer by the middle of next year,
particularly after Indonesia's harvest season in April, when we will see how
much Indonesia's rice production will fall," he noted.
The TREA official
noted that the major importers such as the Philippines, Indonesia and Middle
Eastern countries are concerned about their falling outputs and are forced to
maintain reserve stocks to prevent price hikes locally.
Despite lower
production, he noted that Thailand's rice exports are expected to reach around
9-10 million tons. The official also noted that the government still has rice
stocks of around 13 million tons, of which around 7-8 million tons are of good
quality and can be retained for domestic consumption and to maintain state
buffer stocks.
Export quotes of
benchmark Thai 100% B rice currently stand at around $365 per ton compared to
Viet 5% rice at around $375 per ton.
Thai Government
Conducts First Rotten Rice Auction; Two Local Firms Win Bid to Buy 37,413 Tons
Dec 01, 2015
Two private Thai firms
won the bid to buy around 37,413 tons of stockpiled rotten rice worth 198
million baht (around $5.53 million) in the first auction conducted by the
government of Thailand today, according to local sources.
The Commerce Ministry
did not specify when the sale would be approved. "We'll have to see how
smoothly this auction goes and then we will see whether we will hold the next
one and when," said the Commerce Permanent Secretary.
The government earlier
told that it would sell about 2 million tons of rotten rice from stockpiles,
for industrial use, in quantities between 1,000 and 6,000 tons.
Thailand holds about
13 million tons of rice stocks accumulated from the previous government's rice
pledging scheme, of which about 6 million tons are "below-standard or
rotten" and are judged unfit for human consumption, according to a
Commerce Ministry statement.
The government of
Thailand sold around 4.6 million tons of stockpiled rice raising around 49
billion baht (around $1.4 billion) in the ten auctions conducted since it took
over in May 2014.
Vietnam exports
5.372 Million Tons of Rice in January 1 - November 23, 2015, Down 8% from
Previous Year
Dec 01, 2015
Vietnam exported about
5.372 million tons of rice in January 1 - November 23, 2015, down about 8% from
about 5.858 million tons of rice exported in first eleven months of 2014,
according to data from the Vietnam Food Association (VFA). The average rice
export price so far in this year stands at about $409.72 per ton (FOB), down
about 6.5% per ton from about $438.27 per ton recorded during same last year.
According to the data
from the VFA, Vietnam exported about 334,521 tons of rice from November 1-23,
2015, down about 51% from about 687,663 tons of rice exported in October 2015,
and down about 31% from about 484,513 tons rice exported in November 2014. The
average export price so far in October stands at about $361.71 per ton, down
about 8% per ton from a month ago and down about 22% from a year ago.
Vietnam, Pakistan
Rice Sellers Alter Some of Their Quotes Today; Other Asian Rice Quotes Remain
Unchanged
Dec 01, 2015
Vietnam rice sellers
lowered their quotes for jasmine rice by about $10 per ton to around $435 -
$445 per ton today. Pakistan
rice sellers increased their quotes for 5% and 25% broken rice varieties by
about $5 per ton to around $320 - $330 per ton and $295 - $305 per ton
respectively. Other Asian rice sellers kept their quotes unchanged from
yesterday.
5% Broken Rice
Thailand 5% rice is
indicated at around $350 - $360 per ton about $20 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 $30 per ton premium on Pakistan 5% rice shown
at around $320 - $330 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 $320 - $330 per ton, about $25 per ton premium on Pakistan 25% rice
shown at around $295 - $305 per ton.
Parboiled
Rice
Thailand parboiled
rice is indicated at around $345 - $350 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 $280 - $290 per ton, on par with Pakistan broken
sortexed rice shown at around $280 - $290 per ton.
Exclusive News have
been shared with written permission of ORYZA.com with thanks
No comments:
Post a Comment