Government of India Procures 18.966 Million Tons of Rice as of January 1,
2016 in KMS 2015-16
Jan 07, 2016
The Food Corporation
of India (FCI), the nodal agency for food grain procurement and distribution has
procured around 18.966 million tons of rice as of January 1, 2016 in KMS
2015-16 (October 2015 - September 2016), according to data by the
Ministry of Consumer Affairs, Food & Public Distribution.
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.
Last week, Food
Ministry officials told reporters that the pace of procurement was higher than
expected due to a decline in prices of common variety of rice in various
markets across the country.
The government of
India is planning to procure around 30 million tons of rice in the KMS 2015-16.
India's New Trade Policy on Seed Quality Paddy, Husked Rice Affecting Nepal
Rice Mills, Say Government Officials
Jan 06, 2016
Officials from Nepal's
Ministry of Commerce and Ministry of Agricultural Development expressed concern
that India's
new policy of shifting exports of seed quality paddy rice and husked rice
to "restricted" category from "free" category has
significantly impacted the country's rice mills, according to Kathmandu Post.
Nepali traders told
reporters that due to the new policy allowed for export of only 200 tons of
paddy per month to Nepal, which is enough to fulfil only 10% of the requirement
of the mills. “Our paddy output can meet the requirement of rice mills for only
three months,” said the Vice-President of the Birgunj Chamber of Commerce and Industry.
“If the restriction is not lifted, it will affect a large number of rice mills
that depend on imports from India,” he added.
The official also
noted that the Indian policy coupled with a likely decline in the country's
paddy production by about 10% in 2015-16 would affect the domestic rice mills
severely.
In 2014-15, Nepal imported 338,512
tons of rice worth Rs.14.78 billion (around $140 million) and 345,618 tons of
paddy worth Rs.9.01 billion (around $85 million), according to teh government
statistics
India Winter Crop Rice Acreage Lags Behind Last Year as of January 1, 2016
Jan 06, 2016
India 2015-16
winter/rabi rice (November - May) planting area has reached around 1.477
million hectares as of January 1, 2016, down about 8% from around 1.605 million
hectares planted during the same period in 2014-15, according to a press
release by the Ministry of Agriculture.
The decline is due to
scanty rains and low moisture in some of the rice growing regions. The Director
of the Indian Meteorological Department reportedly stated that warmer easterly
winds in December and January due to the El Nino phenomenon also impacted rabi
rice sowing to some extent. Based on the pace of sowing so far, analysts are
expecting a decline in the rabi rice crop yield.
The total rabi rice
planting of all crops stood at around 54.11 million hectares as on January 1,
2015, down about 5% from last year's 56.76 million hectares.
In 2014-15, the rabi rice acreage
reached around 4 million hectares, down about 9% from around 4.488 million
hectares in 2013-14.
Vietnam, Pakistan Rice Sellers Lower Some of Their Quotes Today; Thailand
Rice Quotes Mixed
Jan 06, 2016
Thailand rice sellers
increased their quotes for 5% broken rice and 25% broken rice by about $5
per ton each to about $350-360 per ton and $340-$350 per ton, respectively,
and lowered their quotes for Hommali rice by about $5 per ton to about
$675-$685 per ton today. Vietnam rice sellers lowered their quotes for 25%
broken rice and 100% broken rice by about $5 per ton each to about $340-$350
per ton and $335-$345 per ton respectively. Pakistan rice sellers lowered their
quotes for 5% broken rice by about $5 per ton to about $330-$340 per ton. India
rice sellers kept their quotes unchanged today .
5% Broken Rice
Thailand 5% rice is
indicated at around $350 - $360 per ton about $5 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 $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
Indonesia Considers Rice Imports from India and Pakistan Amid Concerns of
Low Stocks
Jan 06, 2016
The government of
Indonesia is considering to import rice from India and Pakistan amid concerns
of low stocks following prolonged drought conditions, according to Jakarta
Post.
The Trade Minister
told local sources that the government is still negotiating imports with India and
Pakistan. He noted that the government is in the process of preparing a
Memorandum of Understanding (MoU) on rice imports with the government of
Pakistan. The state logistics agency Bulog is studying the technical details of
Pakistan's rice stocks, he said. “We are also proposing an MoU with India, as
it has for years been the world’s largest exporter of rice. They export between
US$3 billion and $4 billion worth of white rice a year,” he added.
Earlier this week, the
Coordinating Minister for Economic Affairs hinted at government's plans to
import 350,000 tons of rice in the first quarter of 2016 to enhance rice
stocks. We have calculated that we still have only 1.35 million tons of rice in
March. Normally, we have 1.5 million tons. To fulfil the shortage of rice,
we’re looking at signing MoUs with Myanmar and Pakistan,” he was quoted.
He however, said the
MoUs were a precaution measure in anticipation of reduced rice stocks and
higher prices. He also noted that the country is likely to experience food shortages
until March 2016 and the situation would improve in April when a rice harvest
is expected.
Indonesia imported one
million tons of rice from Thailand and Vietnam in the last quarter of 2015.
About 485,000 tons of rice has arrived in the country.
Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Give Back
Most of Yesterday's Gains as Oil Slides
Jan 07, 2016
Chicago rough rice
futures for Mar delivery settled 9.5 cents per cwt (about $2 per ton) lower at
$11.830 per cwt (about $261 per ton). The other grains finished the day higher;
Soybeans closed about 0.9% higher at $8.6475 per bushel; wheat finished about
0.3% higher at $4.6275 per bushel, and corn finished the day about 0.1% higher
at $3.5325 per bushel.
U.S. stocks held lower
in choppy trade Wednesday, pressured by continued concerns about global
economic growth, low oil prices and increased geopolitical tensions. Investors
also eyed the Fed December meeting minutes that indicated that for some
members, the decision to raise rates for the first time in nearly a decade was
a "close call." Adding to those concerns Wednesday was North Korea's
claim to have successfully tested a hydrogen bomb. In other economic news, the
U.S. Markit Services PMI for December was 54.3, below November's final print of
56.1. ISM non-manufacturing came in at 55.3, down from November's 55.9.
The Commerce
Department said on Wednesday new orders for manufactured goods slipped 0.2%
after a downwardly revised 1.3% gain in October, Reuters said. Earlier, the
December ADP report showed creation of 257,000 payrolls. In afternoon trade,
the Dow Jones industrial average declined 237 points, or 1.39%, to 16,920. The
S&P 500 fell 24 points, or 1.23%, to 1,992, with energy leading nine
sectors lower and utilities the only advancer. The Nasdaq composite fell 55
points, or 1.11%, to 4,836. Gold is seen trading about 1.3% higher, crude oil
is seen trading about 5.5% lower, and the U.S. dollar is seen trading about
0.1% lower at about 1:45pm Chicago time.
Tuesday, there were
627 contracts traded, down from 986 contracts traded on Monday. Open interest –
the number of contracts outstanding – on Tuesday decreased by 64 contracts to
13,412.
Thailand Hopes to Export 9 Million Tons of Rice in 2016
Jan 06, 2016
The government of
Thailand is hoping to export about 9 million tons of rice in 2016 against an
estimated 10 million tons in 2015, local sources quoted the Permanent Secretary
of the Commerce Ministry.
Thailand has signed a
memorandum of understanding (MoU) with China on December 3, 2015 to export one
million tons. The Commerce Minister then stated that the government would
shortly sign a deal with China to export another one million tons. The December
3 deal was part of a MoU signed in December 2014 between Thailand and China for
2 million tons of rice.
The official stated
that the government is targeting to sell at least 2 million tons of rice under
government-to-government (G2G) deals, particularly with China, Indonesia and
the Philippines. She noted that to facilitate more exports, the government is
considering providing soft loans for rice exporters who are keen on exploring
new markets.
The official also
reportedly noted that the government is keen on selling the remaining 13
million tons of stockpiled rice by mid-2017 and focus on creating sustainable
growth for rice production and marketing.
Thailand exported
around 7.81 million tons of rice in the first ten months of 2015, down about
11% from around 8.77 million tons exported during the same period last year,
according to data from Thai Rice Exporters Association (TREA).
Thailand Temporarily Suspends One Million Ton Rice Shipment to
Iran Over Saudi Crisis
Jan 06, 2016
Thailand has
temporarily suspended a one million ton rice shipment to Iran due to the
on-going diplomatic crisis between Iran and Saudi Arabia, Reuters quoted EFE
News.
Sources at the Thai
Foreign Trade Department told reporters that the Thai authorities will decide
over continuing sales to Iran in February after consulting with their
diplomatic outposts in both the countries.
The diplomatic crisis
between Iran and Saudi Arabia arose after the government of Saudi Arabia
executed the Shiite Cleric Nimr al-Nimr last weekend leading to a violent
protest by Iranian civilians on the Saudi Embassy in Tehran as well as on the
consulate in Mashhad. Following the protests, Saudi Arabia severed its
diplomatic ties with Iran.
Thailand is aiming to
export 9 million tons of rice in 2016.
Global Rice Quotes
January 6th, 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 330-340
↓
Myanmar 5% broken 410-420
↔
Cambodia 5% broken 425-435
↔
U.S. 4% broken 510-520
↔
Uruguay 5% broken 495-505
↔
Argentina 5% broken 490-500
↔
Long grain white rice - low quality
Thailand 25% broken 340-350
↑
Vietnam 25% broken 340-350
↓
Pakistan 25% broken 305-315
↔
Cambodia 25% broken 410-420
↔
India 25% broken 325-335
↔
U.S. 15% broken 485-495
↔
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% 675-685
↓
Vietnam Jasmine 445-455
↔
India basmati 2% broken NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Mails 745-755
↔
Brokens
Thailand A1 Super 315-325
↔
Vietnam 100% broken 335-345
↓
Pakistan 100% broken stxd 285-295
↔
Cambodia A1 Super 350-360
↔
India 100% broken stxd 265-275
↔
Egypt medium grain brokens NQ
↔
U.S. pet food 295-305 ↔
Brazil half grain NQ
↔
All prices USD per ton, FOB vessel, oryza.com
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