Government of Thailand Expects 2016 Rice Exports at 9 Million Tons
Dec 21, 2015
The government of
Thailand is expecting 2016 rice exports to decline to around 9 million tons
from an estimated 10 million tons this year on low output due to El
Niño-induced drought conditions, according to Bloomberg.
The Permanent
Secretary for Commerce told reporters that they are expecting China and
Indonesia to account for major share of Thai rice exports.
She noted that the
rice output from the 2015-15 season is estimated at around 27 million tons,
including 22.9 million tons from the main crop and the remaining 4.1 million
from the dry season minor crop.
The official also
stated that the National Rice Policy has approves 204 million baht (around $5.7
million) to help support interest costs for millers. The government is
encouraging millers to store about 1.6 million tons of rice during December
2015 to March 2016 in order to control price falls.
Thailand exported
around 9.3 million tons so far this year, according to the official.
China Rice Imports Increase Sharply in First Eleven Months of 2015
Dec 21, 2015
China has imported
around 2.954 million tons of rice in the first eleven months of 2015 (January -
November), up about 32% from around 2.243 million tons imported during the same
period last year, according to data from China Customs General Administration.
In November 2015,
China imported around 317,700 tons of rice, down about 2% from around 322,600
tons imported in October 2015, and up about 38% from around 230,000 tons
imported in November 2014.
China has exported
around 257,900 tons of rice in first eleven months of 2015, down about 25% from
around 345,369 tons exported during the same period last year, according to
data from the China Customs General Administration.
In November 2015,
China exported around 28,500 tons of rice, up about 18% from around 24,200 tons
exported in October 2015 and down about 74% from around 108,815 tons exported
in November 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.
Vietnam Exports About 6 Million Tons of Rice in January 1 - December 17,
2015, Down 5% from Previous Year
Dec 21, 2015
Vietnam exported about
6.007 million tons of rice in January 1 - December 17, 2015, down about 5% from
about 6.33 million tons of rice exported in all the twelve 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 $410.56 per ton (FOB), down
about 7% per ton from about $441.38 per ton recorded during same last year.
According to the data
from the VFA, Vietnam exported about 200,053 tons of rice from December 1-17,
2015, down about 74% from about 771,312 tons of rice exported in November 2015,
and down about 58% from about 472,575 tons of rice exported in December 2014.
The average export price so far in October stands at about $370.26 per ton,
down about 2% per ton from a month ago and down about 22% from a year ago.
Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Fall as
Market Gets off to a Bearish Start for the Shortened Holiday Week
Dec 22, 2015
Chicago rough rice
futures for Jan delivery settled 13 cents per cwt (about $3 per ton) lower at
$10.950 per cwt (about $241 per ton). The other grains finished the day lower;
Soybeans closed about 0.1% lower at $8.9150 per bushel; wheat finished about
1.6% lower at $4.7900 per bushel, and corn finished the day about 0.7% lower at
$3.7200 per bushel.
U.S. stocks traded
mostly higher Monday, attempting to recover from a sharp sell-off last week, as
investors eyed low oil prices in a shortened trading week. U.S. equities tried
to kick off the shortened holiday week with gains. The U.S. stock market closes
early Thursday, Christmas Eve, and is shut on Friday for Christmas Day. No
other major economic data was due Monday, while third-quarter GDP is expected
Tuesday and personal income data is due Wednesday. In afternoon trade, the Dow
Jones industrial average traded up 77 points, or 0.45%, at 17,206. The S&P
500 traded up 10 points, or 0.52%, at 2,015, with health care leading nine
sectors higher and energy the only decliner. The Nasdaq composite gained 33
points, or 0.68%, at 4,956. Gold is seen trading about 1.3% higher, crude oil
is seen trading about 0.8% lower, and the U.S. dollar is seen trading about
0.3% lower at about 2:00pm Chicago time.
Friday, there were
1,394 contracts traded, down from 1,681 contracts traded on Thursday. Open
interest – the number of contracts outstanding – on Friday increased by 63
contracts to 15,729.
Pakistan Rice Export Earnings Decline Sharply in First Five Months of FY
2015-16 Despite Increase in Tonnage
Dec 21, 2015
Pakistan exported
around 1.58 million tons of rice (including 149,495 tons of basmati and 1.43 tons
of non-basmati) in the first five months of FY 2015-16 (July - November), up
about 20% from around 1.32 million tons (216,045 tons of basmati and 1.1
million 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 $649 million during the five months of FY 2015-16, down about 12% from
around $739 million earned last year. The decline is attributed to a sharp
decline in global rice prices as well as a slow demand.
In November 2015,
Pakistan exported around 547,286 tons of rice, up about 47% from around 372,630
tons exported in October 2015 and up about 19% from around 459,419 tons
exported in November 2014. In terms of value, Pakistan earned about $203.6
million in November 2015, up about 38% from around $147.5 million earned in
October 2015 and down about 8% from their year-ago levels of around $221.2
million.
Pakistan exported
around 34,600 tons of basmati rice in November 2015, up about 39% from around
24,945 tons exported in October 2015, and down about 27% from around 47,090
tons exported in November 2014. In terms of value, Pakistan's basmati rice
exports earned $31 million in November 2015, up about 19% from around $26
million earned in October 2015, and down about 33% from around $46 million
earned in November 2014.
Pakistan exported
around 512,686 tons of non-basmati rice in November 2015, up about 47% from around
347,685 tons exported in October 2015 and up about 24% from around 412,329 tons
in November 2014. In terms of value, Pakistan's non-basmati rice exports earned
$172 million in November 2015, up about 42% from around $121 million earned in
October 2015, and down about 2% from around $175 million earned in November
2014.
Vietnam Rice Sellers Lower Some of Their Quotes Today; Other Asian Rice
Quotes Remain Unchanged
Dec 21, 2015
Vietnam rice sellers lowered their quotes for jasmine rice variety
by about $15 per ton each to around $435 - $445 per ton today. Other Asian rice
sellers have kept their quotes unchanged today from
yesterday.
5% Broken Rice
Thailand 5% rice is
indicated at around $340 - $350 per ton about $25 per ton discount on Vietnam
5% rice shown at around $365 - $375 per ton. India 5% rice is indicated at
around $355 - $365 per ton, about $25 per ton premium on Pakistan 5% rice shown
at around $330 - $340 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 $25 per ton premium on Pakistan 25% rice
shown at around $300 - $310 per ton.
Parboiled
Rice
Thailand parboiled
rice is indicated at around $345 - $355 per ton. India parboiled rice is
indicated at around $350 - $360 per ton, about $55 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 discount
to Vietnam 100% broken rice shown at around $335 - $345 per ton. India's 100%
broken rice is shown at around $280 - $290 per ton, about $5 per ton discount
to Pakistan broken sortexed rice shown at around $285 - $295 per ton.
Global Rice Quotes
December 21st, 2015
Long grain white rice - high quality
Thailand 100% B grade 350-360
↔
Vietnam 5% broken 365-375
↔
India 5% broken 355-365
↔
Pakistan 5% broken 330-340
↔
Myanmar 5% broken 410-420
↔
Cambodia 5% broken 425-435
↔
U.S. 4% broken 475-485
↔
Uruguay 5% broken 505-515
↔
Argentina 5% broken 500-510
↔
Long grain white rice - low quality
Thailand 25% broken 335-345
↔
Vietnam 25% broken 355-365
↔
Pakistan 25% broken 300-310
↔
Cambodia 25% broken 400-410
↔
India 25% broken 325-335
↔
U.S. 15% broken 500-510
↔
Long grain parboiled rice
Thailand parboiled 100% stxd 345-355 ↔
Pakistan parboiled 5% broken stxd 405-415 ↔
India parboiled 5% broken stxd 350-360 ↔
U.S. parboiled 4% broken 500-510
↔
Brazil parboiled 5% broken 545-555
↔
Uruguay parboiled 5% broken NQ
↔
Long grain fragrant rice
Thailand Hommali 92% 685-695
↔
Vietnam Jasmine 435-445
↓
India basmati 2% broken NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Mails 830-840
↔
Brokens
Thailand A1 Super 320-330
↔
Vietnam 100% broken 335-345
↔
Pakistan 100% broken stxd 285-295
↔
Cambodia A1 Super 355-365
↔
India 100% broken stxd 280-290
↔
Egypt medium grain brokens NQ
↔
U.S. pet food 280-290 ↔
Brazil half grain NQ
↔
All prices USD per ton, FOB vessel, oryza.com
ABARES Estimates Australia 2015-16 Paddy Rice Production to Decline Sharply
on Low Acreage, Yields
Dec 21, 2015
In its December crop report,
the Australian Bureau of Agricultural and Resource Economics and Sciences
(ABARES) forecasts Australia's paddy rice production in MY 2015-16 (April 2015
- March 2016) to decline to around 305,000 tons (around 240,950 tons, basis
milled), down about 58% from an estimated 724,000 tons (around 570,380 tons,
basis milled) in MY 2014-15.
The ABARES attributes
the decline in paddy rice production to a 56% y/y decline in planting area to
around 31,000 hectares as well as a decline in average yield.
Total summer crop
production is forecast to decline by 4% y/y in 2015–16 to 3.87 million tons,
due to decline in production of all summer crops, including rice. The area
planted to summer crops in 2015-16 is expected to decline by 12% y/y to around
1.18 million hectares due to a relatively low irrigation water availability in
rice growing regions.
The start to the
2015–16 summer crop season is promising, according to the ABARES. Favourable
planting conditions in the major summer cropping regions of Queensland and northern
New South Wales were possible due to a widespread rainfall in late October and
early November. In its latest three-month rainfall outlook (December 2015 to
February 2016), issued on 19 November 2015, the Bureau of Meteorology (BoM)
forecasts the major rice-growing regions to receive above-average summer
rainfall.
The latest ENSO
Wrap-Up, released by the BoM on 10 November 2015, indicates that El Niño sea
surface temperatures are likely to peak before the end of the year and then
gradually ease in the first quarter of 2016. As a result, the BOM expects an
above average rainfall outlook in the short term.
Exclusive News have been shared with written permission of
ORYZA.com with thanks
No comments:
Post a Comment