EU Rice Imports Increase Sharply in September 1, 2015 - January 5, 2016
Jan 11, 2016
According to the
latest data issued by the European Union (EU), rice imports by the EU increased
sharply since the beginning of the crop year 2015-16 (September 1, 2015 -
August 31, 2016).
The EU imported about
392,569 tons of rice during the period September 1, 2015 - January 5, 2016, up
about 31% from around 299,310 tons imported during the same period last year.
Japonica rice imports
increased about 14% to around 27,748 tons in September 1, 2015 - January 5,
2016 period from around 24,358 tons during the same period last year. Indica
rice imports increased about 33% to around 364,821 tons during the said period
from around 274,952 tons last year.
The UK remained the
largest importer in September 1, 2015 - January 5, 2016 period with around
97,775 tons followed by France (68,683 tons), Netherlands (43,151 tons), Poland
(28,153 tons), Italy (27,421 tons), Germany (27,019 tons), and Portugal (18,675
tons). Other EU countries imported 65,228 tons.
During the week ended
January 5, 2015, the EU imported around 13,028 tons of rice, down about 55%
from around 29,140 tons imported during the week ended December 15, 2015.
The EU imported around
1.143 million tons of rice in the crop year 2014-15, up about 12.7% from around
1.013 million tons imported in the crop year 2013-14.
Cambodia Exporters Lower Their Rice Quotes for China to Cope With Yuan
Depreciation
Jan 11, 2016
Cambodia exporters are
lowering their rice quotes to China to accommodate for yuan depreciation
against the U.S. dollar, according to Khmer Times.
The Vice-President of
the Cambodia Rice Federation (CRF) told reporters that Cambodian rice exporters
will need to adjust their prices to compete in the China market. “Thailand and
Myanmar lowered their rice prices and if we don’t follow suit we cannot sell
our product [in China],” he said.
“Fragrant rice was
priced at $740 per ton on average [in China] at the end of 2015, compared to
around $800 per ton early in the year and white rice is going for $430 per ton,
about $20 to $30 lower per ton,” he added.
Yuan depreciated by
about 2.3% to around 6.58 per dollar on January 10, 2016 from around 6.43 per
dollar on December 13, 2015.
Cambodia's rice
exports to China have been increasing over the past few years. Cambodia
exported around 116,639 tons of rice to China in 2015 accounting for about 22%
of the total rice exports during the year. The Deputy director of the General
Department of Agriculture noted that exports to China were a major factor in
the increase in the country's rice export last year. "This was due to
lobbying from the government to identify new markets and the close relationship
between the Cambodian and Chinese governments," he said.
Cambodia reportedly exported
around 538,396 tons of milled rice in 2015 (January - December), up about 39%
from around 387,061 tons exported during the same period last year.
Brazil Rice Stocks Decline About 3% m/m to 115,126 Tons in December 2015
Jan 11, 2016
Brazil rice stocks
stood at around 115,126 tons in December 2015, down about 3% from around
118,250 tons in November 2015 and down about 67% from around 351,860 tons in
December 2014, according to the country's national grain supplying agency
Conab.
According to Conab,
rice stocks with the Selling Option Contract of Agricultural Products (OPCAO)
stood at around 65,540 tons, down about 4.5% from around 68,658 tons in
November 2015 and down about 68% from around 202,861 tons in December 2014.
Rice stocks with the
Federal Government Acquisition (AGF) stood at around 49,586 tons, unchanged
from November 2015 and down about 67% from around 148,057 tons in December
2014.
Rice stocks with
farmers (Agricultural Familiar) were nil, compared to around 6 tons in November
2015 and down around 942 tons in December 2014.
Analysts Forecast Government of India to Procure Over 32 Million Tons of
Rice in KMS 2015-16
Jan 11, 2016
Based on the current
pace of rice procurement by the Food Corporation of India (FCI) and the
government agencies, analysts are forecasting that government's rice
procurement in KMS 2015-16 (October 2015 - September 2016) may exceed last
year's level of 32 million tons, according to the Press Trust of India.
The rice procurement
is expected to be high despite prospects of lower production due to deficient
monsoons. The FCI and the government agencies procured 20 million tons of rice
so far in the 2015-16 KMS, up about 31% from around 15.29 million tons last
year. The government targets to procure 30 million tons of rice this year.
"Despite the
Agriculture Ministry's first estimate of lower production, somehow rice
procurement has been higher so far in most states. If the current trend
continues, the overall rice procurement in 2015-16 would surpass last year's level,"
a senior Food Ministry official told reporters.
Punjab (9.349 million
tons), Haryana (2.854 million tons) and Chhattisgarh (2.311 million tons) are
the top contributors to the central pool so far in KMS 2015-16.
The government of
India fixed the minimum support price (MSP) of common variety of paddy at
around $1,410 per quintal (around $213 per ton) and that of Grade A paddy at
$1,450 per quintal (around $219 per ton) for the 2015-16 kharif season.
In its first estimate,
the Agriculture Ministry has projected a fall in kharif rice production to
90.61 million tons in the 2015-16 crop year (July-June) from 90.86 million tons
in the previous year due to 14% fall in monsoon rains.
Pakistan Basmati Rice Export Prices Increase in December 2105 After Declining
for Three Months
Jan 11, 2016
Pakistan basmati rice
export prices have increased in December 2015, after declining continuously for
three months from September 2015, according to the UN's Food and Agriculture
Organization (FAO).
In December 2015, Pakistan's
basmati rice export prices have increased by about 15% to around $716 per ton
from around $621 per ton in November 2015, and down about 19% from their
year-ago levels of around $885 per ton. In terms of local currency, average
Pakistan basmati rice prices in December 2015 increased about 18% to around PKR
74,464 per ton from around PKR 64,949 per ton in November 2015, and down about
16% from around PKR 88,350 per ton in December 2014.
Average Pakistan
basmati rice prices stood at around $849 per ton in 2015 (January - December),
down about 36% from around $1,324 per ton recorded during the same period last
year.
The increase can be
attributed to a new memorandum of understanding (MoU) signed between Pakistan
and Indonesia under which Pakistan will export one million tons of rice to
Indonesia over the next four year. The first tender to export 15,000 tons of
rice, including 5,000 tons of basmati rice, has been reportedly finalized.
Pakistan basmati rice exporters have been facing a low demand and high stocks
for the last few months.
Pakistan exported 149,495 tons
of basmati rice in the first five months of FY 2015-16 (July-June), down
about 31% from around 216,045 tons exported during the same period last year,
according to the Pakistan Bureau of Statistics
Laos’ First Rice Shipment for China Clears Quarantine Check
Jan 11, 2016
China has started
importing from Laos and the first shipment of rice imports from the south-east
Asian nation have passed through inspection and quarantine procedures at South
China's Shenzhen port, according to Xinhua Net.
According to the
Shenzhen Entry-Exit Inspection and Quarantine Bureau, the first shipment
included 87.8 tons of rice worth $746 million.
Bureau officials noted
that they have carried out both on-the-spot inspections and lab tests for
pesticide residue and heavy metal pollutants on each batch of goods to ensure
the quarantine quality of the imports.
Laos is aiming to
increase rice exports to China to over 10,000 tons a year
Philippines Rice Stocks Increase Sharply in December 2015
Jan 11, 2016
The Philippines rice
stocks continued to increase for the third consecutive month in December 2015
after declining for four months continuously, according to the Bureau of
Agricultural Statistics (BAS). The increase can be attributed to increasing
imports.
Total rice stocks in
the Philippines as of December 1, 2015 stood at around 3.44 million tons, up
about 11% from around 3.11 million tons recorded on November 1, 2015, and up
about 13.5% from around 3.03 million tons recorded during the same period last
year.
According to the BAS,
household stocks (which account for about 47.8% of total rice stocks in the
country) stood at around 1.64 million tons as of December 1, 2015, up about 5%
from year-ago levels of around 1.56 million tons. Commercial warehouse rice
stocks (which account for about 28.4% of total stocks) have reached around
980,000 tons as of December 1, 2015, unchanged from their year-ago levels. The
rice stocks with the National Food Authority (NFA) (which account for 23.8% of
total stocks) stood at around 820,000 tons, up about 67% from around 490,000
tons recorded in October 2014.
Month-on-month,
household rice stocks are up about 8%, commercial warehouse rice stocks are up
about 11% and NFA rice stocks - in which about 84.6% are imported rice - are up
about 15%, according to the BAS.
The BAS says that the
Philippines' rice stocks as of December 1, 2015 are enough to last for 100 days
(household and household stocks are enough for 47 days, commercial warehouses
stocks are enough for 29 days and stocks with NFA are enough for 24 days).
Vietnam Exports About 6.6 Million Tons Rice in 2015, Up 4% from Previous
Year
Jan 11, 2016
Vietnam exported about
6.568 million tons of rice in calendar year 2015, up about 4% from about 6.33
million tons of rice exported in 2014, according to data from the Vietnam Food
Association (VFA). The average rice export price in this year stands at about
$408 per ton (FOB), down about 7.5% per ton from about $441 per ton recorded in
last year.
In December, 2015,
Vietnam exported about 760,993 tons of rice, up about 61% from about 472,575
tons rice exported in December 2014, and down about 1% from about 771,312 tons
rice exported in November 2015. The average export price in December stands at
about $407 per ton, down about 14% per ton from a year ago and up about 8% per
ton from a month ago.
Thailand to Encourage Rice Farmers to Cut Paddy Rice Output to 25 Million
Tons
Jan 11, 2016
The government of
Thailand is taking requisite steps to encourage rice farmers to cut down the
country's paddy rice production from the current 31-32 million tons to around
25 million tons, according to Reuters.
According to the
Commerce Ministry Permanent Secretary, the government is to prepare a
comprehensive plan regarding the new production targets in one month and submit
it to the National Rice Policy Committee.
"From now on,
Thailand's rice production should comply with domestic and global demand each
year," she said. "Once we have agreed to produce 25 million tonnes of
paddy this year, related agencies including the Agriculture Ministry and
Interior Ministry would have to work with rice exporters and farmers'
associations on how to encourage farmers to manage their production as agreed,"
she added.
Vietnam Rice Sellers Lower Some of Their Quotes Today; Other Asia Rice
Quotes Unchanged
Jan 11, 2016
Vietnam rice sellers
lowered their quotes for Jasmine rice by about $20 per ton to about $425-$435
per ton today. Other Asia rice sellers kept their quotes unchanged
today.
5% Broken Rice
Thailand 5% rice is
indicated at around $350 - $360 per ton, on par with Vietnam 5% rice shown at
around $350 - $360 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 $340 - $350 per ton, on par with Vietnam 25% rice shown at
around $340- $350 per ton. India 25% rice is indicated at around $325 - $335 per
ton, about $20 per ton premium on Pakistan 25% rice shown at around $305 - $315
per ton.
Parboiled
Rice
Thailand parboiled
rice is indicated at around $355 - $365 per ton. India parboiled rice is
indicated at around $345 - $355 per ton, about $60 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 $315 - $325 per ton, about $20 per ton discount
to Vietnam 100% broken rice shown at around $335 - $345 per ton. India's 100%
broken rice is shown at around $265 - $275 per ton, about $20 per ton discount
to Pakistan broken sortexed rice shown at around $285 - $295 per ton.
No comments:
Post a Comment