About 39% of Italy's 2015-16 Paddy Crop Sold as of December 29, 2015; Down
6% from Last Year
Jan 04, 2016
About 587,976 tons, or
about 38.9% of total Italian 2015-16 (September 2015 - August 2016) paddy crop
has been sold out as of December 29, 2015, down about 6% from around 625,642
tons sold during the same period last year, according to data from the Ente
Nazionale Risi, the National Agency for Rice.
Year-on-year, sales of
round varieties increased by about 5,428 tons to around 161,720 tons, sales of
medium varieties increased by about 2,344 tons to around 16,728, sales of Long
A varieties increased by about 16,171 tons to around 293,3018 tons and sales of
Long B varieties declined by about 61,609 tons to around 116,220 tons.
During the week
December 22-29, 2015, a total of around 293,308 tons of paddy were sold. The
week's sales included about 4,715 tons of Long A, about 1,627 tons of Long B,
about 3,194 tons of round paddy and 579 tons of medium paddy. Loto-Ariete, with
2,549 tons and Carnaroli, with 833 tons remained the best sold varieties during
the week.
A total of around
1.510 million tons of paddy (including carryover stocks), are available as
beginning stocks for 2015-16, up about 4% from around 1.45 million tons
available last year.
Global
Rice Quotes
January 5th, 2016
Long grain white rice - high quality
Thailand 100% B grade 360-370
↑
Vietnam 5% broken 355-365 ↔
India 5% broken 355-365
↔
Pakistan 5% broken 335-345 ↔
Myanmar 5% broken 410-420 ↔
Cambodia 5% broken 425-435
↔
U.S. 4% broken 475-485
↔
Uruguay 5% broken 510-520 ↔
Argentina 5% broken 505-515 ↔
Long grain white rice - low quality
Thailand 25% broken 335-345 ↔
Vietnam 25% broken 345-355 ↔
Pakistan 25% broken 305-315 ↔
Cambodia 25% broken 400-410
↔
India 25% broken 325-335
↔
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 345-355
↔
U.S. parboiled 4% broken 500-510
↔
Brazil parboiled 5% broken 520-530
↔
Uruguay parboiled 5% broken NQ
↔
Long grain fragrant rice
Thailand Hommali 92% 680-690
↔
Vietnam Jasmine 445-455
↔
India basmati 2% broken NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Mails 830-840
↔
Brokens
Thailand A1 Super 315-325
↔
Vietnam 100% broken 340-350
↔
Pakistan 100% broken stxd 285-295
↔
Cambodia A1 Super 355-365 ↔
India 100% broken stxd 265-275
↔
Egypt medium grain brokens NQ
↔
U.S. pet food 290-300 ↔
Brazil half grain NQ ↔
All prices USD per ton, FOB vessel, oryza.com
Wholesale Basmati Rice Prices in India Decline on Increased Stocks,
Sluggish Demand
Jan 04, 2016
Wholesale basmati rice
prices have declined last week due to sluggish demand from traders and
sufficient stocks, according to the Press Trust of India (PTI).
On January 2, 2016,
prices of Pusa 1121 declined to around Rs.4,000 - 4,700 per quintal (around
$605 - $711 per ton) from previous quotes of around Rs.4,100 - 4,700 per
quintal (around $620 - $711 per ton).
However, prices of
common basmati rice on the same day declined to around Rs.5,300 - 5,400 per
quintal (around $802 - $817 per ton) from the previous level of around Rs.5,400
- Rs.5,500 per quintal (around $817 - $832 per ton).
"Subdued demand
against sufficient stocks position led to the decline in rice basmati
prices," traders were quoted as saying.
FAO Forecasts Dominican Republic 2015 Paddy Rice Production to Remain at
Previous Year's Levels
Jan 04, 2016
The UN's Food and Agriculture
Organization (FAO) forecasts Dominican Republic's 2015 paddy rice production at
around 900,000 tons, almost unchanged at last year's level of around 899,000
tons mainly due to the good harvest from the 2014-15 main season crop (November
2014 - August 2015).
Despite the severe and
prolonged drought conditions since May, main rice producing areas relied on
adequate water reserves for irrigation, which benefitted crops, says the FAO.
Retail prices of first quality
rice increased slightly and retail prices of second quality rice increased
slightly in December 2015, according to the data from the FAO.
Government of Indonesia Urged to Fix Rice Purchase Price Based on Market
Prices
Jan 04, 2016
Indonesia's state
logistics agency Bulog has urged the government to fix its rice purchase price
(Harga pokok penjualan, HPP) in accordance with the prevailing market prices,
according to Antara News Agency.
Bulog's Procurement
Director told reporters that the agency had raised the matter with the
government because the HPP is being set below the prevailing market prices and
due to this they are not able to procure sufficient amounts of rice from the
farmers.
"The HPP should
later be set by the technical ministry based on the price condition in the
market. It should be set after passing through a series of calculation and
assessment and after considering data from the Central Bureau of Statistics
(BPS)," he was quoted.
He also noted that the
government should consider setting up of a basic price (HD) rate or the lowest
price rate at the farmers level. "This optimize the absorption of farmers
rice during the grand harvest season because Bulog would be able to purchase
rice at a price over the basic price rate," he said.
The Bulog official
also noted that the HD and the HPP must be part of a Presidential Instruction
Decree.
The Chairman of the
National Rice Farmers Association supported the proposal of the Bulog official.
"If the market wants to buy the rice at a price over the basic price rate,
it would be up to the farmers whether they will sell it to Bulog or to the
market. Both will not disadvantage them," he added.
Asia Rice Quotes Mixed Today
Jan 04, 2016
Thailand rice sellers
lowered their quotes for A1 super rice by about $5 per ton to about $315-$325
per ton today. Vietnam rice sellers lowered their quotes for 5% broken
rice by about $5 per ton to about $355-$365 per ton and increased their
quotes for 100% broken rice by about $5 per ton to about $340-$350 per
ton. Pakistan rice sellers increased their quotes for 5% broken rice and 25%
broken rice by about $5 per ton each to about $335-$345 per ton and $305-$315
per ton respectively. India rice sellers have kept their quotes unchanged
today .
5% Broken Rice
Thailand 5% rice is
indicated at around $345 - $355 per ton about $10 per ton discount on Vietnam
5% rice shown at around $355 - $365 per ton. India 5% rice is indicated at
around $355 - $365 per ton, about $20 per ton premium on Pakistan 5% rice shown
at around $335 - $345 per ton.
25% Broken
Rice
Thailand 25% rice is
indicated at around $335 - $345 per ton, about $10 per ton discount on Vietnam
25% rice shown at around $345- $355 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 $350 - $360 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 $25 per ton discount
to Vietnam 100% broken rice shown at around $340 - $350 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.
FAO Forecasts Maldives 2015-16 Rice Imports at 26,000 Tons, Up 3% from
Previous Year
Jan 04, 2016
The UN's Food and
Agriculture Organization (FAO) forecasts Maldives 2015-16 (January-December)
rice imports at around 26,000 tons, up about 3% from around 25,243 tons in
2014-15.
Maldives does not
produce rice and is entirely dependent on imports to meet the domestic demand.
The FAO forecasts the total cereal
imports of the country in 2015-16 at around 57,300 tons.
Further Extension of Quantitative Restrictions on Rice Imports will Prove
Costly for Government, Says Philippines Agri Minister
Jan 04, 2016
The Philippines
Agriculture Minister noted that quantitative restrictions (QRs) on rice imports
are currently needed to protect local farmers from cheap imports, but a further
extension of QRs is likely to prove costly for the government, according to
local sources.
The present government
had sought an extension of QRs on rice imports until 2017 to help local farmers
to compete with imported rice. In order to continue with the QR system, the
Philippines had to increase the minimum access volume (MAV) of rice to 805,200
tons (MT) per year, from the previous 350,000 tons. Rice imports under the MAV
are imposed a tariff of 40% and imports over and above MAV are imposed a tariff
of 50%.
The Minister noted
that currently the QR system is needed but a further extension in 2017 would
prove costly for the government. He noted that analysts are concerned that the
QR system is currently leading to high prices in the country due to lower
supplies from imports. “In my view, it is only a matter of time before we can
be competitive so instead of asking for another concession, let’s just use our
capacity to help the farmers become more competitive in palay production,"
he said.
Last year, the
Economic Planning Secretary also expressed concern on the QR system. “Although
the QR gives protection to our farmers, its overall cost on the economy has
been so high, especially among the poor because that has led to a double-digit
inflation for rice when overall inflation was only two percent to five percent,”
he said.
TPP Agreement May Not be Signed in 2016
Jan 04, 2016
The U.S. Presidential
elections, Congress objections and uncertainties on signing date are forming
major roadblocks for the signing of the Trans-Pacific Partnership (TPP)
agreement in 2016.
While President Obama
is keen on signing the TPP in 2016, Congress has raised issues on provisions
relating to biologics, financial services and tobacco. The Senate Majority
Leader reportedly asked the President not to submit the TPP to Congress before
the November 2016 elections. Though the Obama administration is discussing with
Senate Finance Committee Chairman and House Ways & Means Committee
Republicans about their objections to TPP, it is still not clear how it would
address their objections.
Some analysts say the
U.S. may need to offer additional concessions to compensate TPP countries for
any potential changes, as the U.S. did when it renegotiated the U.S.-Korea free
trade agreement.
Meanwhile, Australia
has rejected the U.S. Republicans' suggestion to change the biologics
provisions. Japan has also expressed concern that the signing won't be possible
without a fixed date.
Some TPP countries are
preferring to sign the deal in New Zealand on February 4, 2016, just after the
expiry of the 90-day Congressional review period. Some of them are opining that
signing would be delayed until the Obama government addresses the objections of
the members of the Congress.
FAO Estimates Malaysia 2015-16 Rice Imports to Increase Despite Record
Production
Jan 04, 2016
The UN's Food and
Agriculture Organization (FAO) forecasts Malaysia's 2015-16 (July - June) rice
imports to increase despite an increase in the 2015 rice production due to an
expected increase in domestic demand.
The FAO forecasts
Malaysia's 2015 paddy rice production to increase to around 2.694 million tons,
up about 2% from around 2.645 million tons in 2014 due to increased yields,
favourable weather and continued government support to the rice sector,
including subsidies for agricultural inputs. It says the increase in production
more than offsets a slight contraction in area planted.
Planting of the 2016
paddy crop is almost complete. Most of the planting has been done between June
and September. Rainfall levels have been generally normal to near-normal
between June and mid-December over the main rice producing areas, according to
the FAO.
The FAO expects the
on-going El Nino-induced dry conditions to negatively impact the yield
potential of the 2016 paddy crop.
FAO Forecasts Brazil 2015 Paddy Rice Production to Increase 3% y/y on
Higher Acreage, Yields
Jan 04, 2016
The UN's Food and
Agriculture Organization (FAO) forecasts Brazil's 2015 paddy rice production at
around 12.44 million tons, up about 3% from around 12.122 million tons in 2014
due to an increase in acreage as well as yields.
Planting for the
2015-16) rice crop (December - August) will begin this month in the North/North
East regions. Planting is complete in the main rice growing region of area Rio
Grande do Sul. Planting operations in the Rio Grande do Sul region were
reportedly disrupted in October due to heavy rains. The acreage is likely to
decline in the state accordingly.
FAO's projections are
in contrast to the country's National Grains Supply Company (Conab)
projections. In December, Conab estimated the country's 2015-16 paddy rice
production at around 11.921 million tons (around 8.2 million tons, basis
milled), down about 4% from an estimated 12.436 million tons (around 8.6
million tons, basis milled) in 2014-15 due to a likely reduction in acreage.
USDA estimates Brazil
MY 2015-16 (April – March) paddy rice production at around 11.765 million tons
(around 8 million tons, basis milled), down about 6% from an estimated 12.5
million tons (around 8.5 million tons, basis milled) in MY 2014-15.
Oryza U.S. Rough Rice Recap - Prices Dip Marginally but Prices Still up
Sharply from December
Jan 05, 2016
The U.S. cash market
was marginally weaker today although the prices that were seen trading today
were roughly $0.50-$0.75 per cwt (about $11-$17 per ton) higher than the
numbers that were traded in December.Analysts note that many in the industry
are hopeful that new demand from Colombia, Venezuela, and Iraq will show up in
January; however, they note that there will likely be stiff competition in
these markets from South American Origins.
In the meantime, the
USDA reported that cumulative net export sales for the week that ended on
December 24th, totaled 72,800 tons, an increase of 73% from the
previous week and 38% higher than the prior 4-week average.Increases were
reported for the following destinations: 25,600 ton to Japan, 22,200 tons to
South Korea, 10,500 tons to Mexico, 7,200 tons to Guatemala that was switched
from unknown destinations, and 6,500 tons to El Salvador including 2,900 tons
switched from unknown destinations, while a reduction of 6,200 tons was
reported for unknown destinations.
U.S. rice exporters
shipped 34,000 tons, a decrease of 35 from than last week and 46% lower than
the prior 4-week average.Increases were reported for the following
destinations: 16,400 tons to Japan, 7,200 tons to Guatemala, 3,500 tons to El
Salvador, 2,100 tons to Taiwan, and 1,900 tons to Canada
Exclusive News have
been shared with written permission of ORYZA.com with thanks
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