Guyana May Finalize Rice Export Deal with Mexico Within Next Five Weeks,
Says Prime Minister
Dec 08, 2015
The government of
Guyana is hoping to finalize a rice export deal with Mexico within the next
five weeks, local sources quoted the Guyanese Prime Minister as saying.
Speaking to a public
gathering on Monday, the Prime Minister noted that the government is optimistic
that Mexico could replace Venezuela as a major purchaser of rice from Guyana.
He noted that the Mexican President has assured that the Mexico would evaluate
Guyana's proposal and would decide on imports shortly.
The Prime Minister
noted that prices from the Mexico deal may not be as high as those offered by
Venezuela, would help farmers.
He informed the
gathering that after losing the Venezuela market, Guyana has expanded into 38
new markets. He also reiterated that the government is working on finding newer
markets for Guyanese rice.
Guyana exported around
497,176 tons of rice in the first eleven months (January - November) of 2015,
up about 10% from around 451,422 tons exported during the same period last
year, according to the Guyana Rice Development Board (GRDB).Guyana exported
about 501,208 tons of rice in 2014, up about 27% from around 394,988 tons
exported in 2013.
Vietnam exports 5.807 Million Tons of Rice in First Eleven Months of 2015,
Down 1% from Previous Year
Dec 08, 2015
Vietnam exported
around 5.807 million tons of rice in the first eleven months of 2015 (January -
November), down about 1% 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 $408.30 per ton (FOB), down about 6.8% from about $438.27 per ton
recorded during same last year.
According to the data
from the VFA, Vietnam exported about 771,312 tons of rice in November 2015, up
about 12% from around 687,663 tons of rice exported in October 2015, and up
about 59% from about 484,513 tons rice exported in November 2014. The average
export price in November stands at around $377.57 per ton, down about 4% per
ton from a month ago and down about 19% from a year ago.
The increase in
exports can be attributed to a surge in demand from Indonesia and the
Philippines, which are expecting a lower output this year due to extending
drought conditions.
Thailand May Soon Sign New Rice Export Deal with China
Dec 08, 2015
The government of China
may sign a new deal with China to export another one million tons of rice,
Reuters quoted local sources.
The two governments
have last week signed rice and rubber deals as well as the Thai-Sino railway
development agreement. The Thai government signed a deal to export one million
tons of rice to China in 2016. The delivery would begin early next year. The
deal is reportedly part of a 2 million ton rice Memorandum of Understanding
(MoU) signed by the two governments in December 2014. The Thai government is
reportedly working on the type of rice and prices.
The government of
Thailand has to still deliver the remaining 100,000 tons of rice to China under
an earlier deal for 1 million ton signed under the Yingluck Shinawatra
government.
The Commerce Minister
told local sources the government is pursuing government-to-government
(G2G)rice deals with many countries, including Iran.
Thailand exported
around 744,449 tons of rice in the first ten months of 2015, up about 26% from
around 591,420 tons exported during the same period in 2014, according to data
from the Thai Rice Exporters Association (TREA). The South-East Asian nation
totally exported about 7.8 million tons of rice in the January-October 2015
period compared to around 8.77 million tons during the same period last year.
China 2015 Paddy Rice Output Increases Slightly y/y to 208.3
Million Tons, Says Statistics Bureau Dec 08, 2015
China's 2015 paddy
rice output increased to around 208.3 million tons, slightly up from around
206.4 million tons in 2014, Reuters quoted data from the Statistics Bureau.
The country's total
grain output increased by about 2.4% to around 621 million tons in 2015 from
around 606 million tons last year, according to the Bureau. The combined output
of grains including rice, corn and wheat reportedly increased about 2.7% y/y to
around 572 million tons.
The government of
China is grappling with increasing grain stocks and has recently proposed to
leave some land fallow in order to deal with reducing water resources and
reduce burden on excess grain stocks.
USDA estimates China
to produce around 207.86 million tons of paddy rice in MY 2015-16 (July - June)
compared to around 206.43 million tons in MY 2014-15. It estimates China to
import around 4.315 million tons of milled rice in 2014 and around 4.7 million
tons in 2016.
FAO Forecasts 2015 Mali Paddy Rice Production to Increase Sharply Due to
Favourable Weather Conditions
Dec 08, 2015
The UN's Food and
Agriculture Organization (FAO) forecasts Mali's 2015 paddy rice production at
around 2.451 million tons, up about 13% from around 2.167 million tons in 2014.
The increase in
production is attributed to a good rainfall conditions, increased planted area
and use of selected seeds.
Domestic rice prices have
remained stable or declined in major cities in November, 2015 due to increasing
supplies from the 2015 harvest. They are lower than their year-ago levels,
according to the FAO.
USDA estimates Mail to
produce 2.231 million tons or paddy (about 1.45 million tons, basis milled) in
MY 2015-16 (October - September), down from last year's 2.3 million tons
(around 1.495 million tons, basis milled). It estimates Mali to import 180,000
tons in 2015 and 200,000 tons of rice in 2016, up from 150,000 tons imported in
2014.
Thailand Rice Sellers Lower Some of Their Quotes Today; Other Asian Rice
Quotes Remain Unchanged
Dec 08, 2015
Thailand rice sellers
lowered their quotes for Hom Mali rice variety by about $5 per ton to around
$695 - $700 per ton today. Other Asian rice sellers have 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
$345 - $355 per ton, about $25 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 - $355 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, about $5 per ton discount
to Pakistan broken sortexed rice shown at around $285 - $295 per ton.
Global Rice Quotes
December 9th, 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 485-495
↔
Uruguay 5% broken 515-525
↔
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% 695-705
↔
Vietnam Jasmine 440-450
↔
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 285-295
↔
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
Wholesale Basmati Rice Prices in India Decline on High Supplies, Sluggish
Demand
Dec 08, 2015
Wholesale Indian
basmati rice prices are continuing to decline this month, partially reversing
the advance seen in late November, according to the Press Trust of India (PTI).
Exclusive News have been shared with written permission of
ORYZA.com with thanks
Prices of Pusa 1121
declined to around Rs.4,500 - 5,300 per quintal (around $676 - $796 per ton)
from around Rs.4,700 - 5,500 per quintal (around $706 - $826 per ton)
yesterday.
"Subdued demand
against adequate stocks on higher supplies from producing regions mainly kept
pressure on rice basmati prices," traders were quoted as saying.
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