Friday, February 12, 2016

12th February,2016 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

Global Rice Quotes

February 11th, 2016
Long grain white rice - high quality
Thailand 100% B grade
380-390
Vietnam 5% broken
350-360
India 5% broken
360-370
Pakistan 5% broken
330-340
Myanmar 5% broken
415-425
Cambodia 5% broken
425-435
U.S. 4% broken
460-470
Uruguay 5% broken
440-450
Argentina 5% broken
430-440

Long grain white rice - low quality
Thailand 25% broken
355-365
Vietnam 25% broken
340-350
Pakistan 25% broken
310-320
Cambodia 25% broken
405-415
India 25% broken
325-335
U.S. 15% broken (sacked)
440-450

Long grain parboiled rice
Thailand parboiled 100% stxd
370-380
Pakistan parboiled 5% broken stxd
NQ
India parboiled 5% broken stxd
350-360
U.S. parboiled 4% broken
480-490
Brazil parboiled 5% broken
520-530
Uruguay parboiled 5% broken
NQ

Long grain fragrant rice
Thailand Hommali 92%
690-700
Vietnam Jasmine
425-435
India basmati 2% broken
NQ
Pakistan basmati 2% broken
NQ
Cambodia Phka Mails
750-760

Brokens
Thailand A1 Super
325-335
Vietnam 100% broken
320-330
Pakistan 100% broken stxd
280-290
Cambodia A1 Super
345-355
India 100% broken stxd
260-270
Egypt medium grain brokens
NQ
U.S. pet food
280-290
Brazil half grain
NQ

Medium grain milled
U.S. Calrose 4% broken
785-795
Egypt medium grain 6%
NQ

All prices USD per ton, FOB vessel, oryza.com

India Should Popularize Black Rice Cultivation, Says Agricultural Scientist

Feb 11, 2016
An agricultural scientist has advised all the state governments in India to promote and popularize black rice cultivation, as it is full of therapeutic properties, according to The Hindu BusinessLine.
He says, black rice has anti-carcinogenic properties and is known to arrest the growth of cancer cells. It also has anti-inflammatory properties. Its anti-angiogenesic effects inhibit the formation of new blood vessels, which encourage tumour growth. Presence of anthocyanins in black rice specifically arrest growth of breast cancer cells, say researchers.
"Black rice contains more Vitamins B and E, niacin, calcium, magnesium, iron and zinc compared to white rice. It is rich in fibre and the grains have a nutty taste," says the scientist.
Black rice is mostly grown by organic methods, and its yields are much less compared to white rice. This could be one of the reasons for most of the farmers not opting for its cultivation. 
Currently, black rice is grown only in some parts of India's North-Eastern state Manipur. Recently, the government of the neighboring state Assam has decided to go in for massive cultivation of black rice as it would attract a premium price and has a great export potential.
He therefore, is urging other state governments to promote black rice cultivation. "A niche market can be established primarily for export purposes," he says.
"By providing infrastructure, market support and financial incentives, black rice can, indeed, be good bet for Indian rice producers and consumers, domestic as well as foreign," he adds.

Asia Rice Quotes Unchanged Today

Feb 11, 2016

Vietnam rice sellers are out today due to a holiday. Other Asia rice sellers kept their quotes unchanged today.                                
5% Broken Rice
Thailand 5% rice is indicated at around $370 - $380 per ton, about $20 per ton premium on Vietnam 5% rice last shown at around $350 - $360 per ton. India 5% rice is indicated at around $360 - $370 per ton, about $30 per ton premium on Pakistan 5% rice shown at around $330 - $340 per ton.
25% Broken Rice
Thailand 25% rice is indicated at around $355 - $365 per ton, about $15 per ton premium on Vietnam 25% rice last shown at around $340- $350 per ton. India 25% rice is indicated at around $325 - $335 per ton, about $15 per ton premium on Pakistan 25% rice shown at around $310 - $320 per ton.
Parboiled Rice           
Thailand parboiled rice is indicated at around $370 - $380 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 $325 - $335 per ton, about $5 per ton premium on Vietnam 100% broken rice last shown at around $320 - $330 per ton. India's 100% broken rice is shown at around $260 - $270 per ton, about $20 per ton discount to Pakistan broken sortexed rice shown at around $280 - $290 per ton.

ABARES Estimates Australia 2015-16 Paddy Rice Production to Decline Sharply on Low Acreage

Feb 11, 2016
In its February 2016 crop report, the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) forecasts Australia's MY 2015-16 (April 2015 - March 2016) paddy rice production 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 from an estimated 71,000 hectares in MY 2014-15, reflecting a significant reduction in supply of irrigation water available to rice growers in the main rice growing region New South Wales.
The agency reports that planting of summer crops is mostly completed in most of Australia's major summer cropping regions. Total summer crop production is forecast to decline by 6% y/y in 2015–16 to 3.9 million tons, largely due to a decline in rice production. The area planted to summer crops in 2015-16 is expected to increase by 5% y/y to around 1.2 million hectares.
Widespread rainfall across cropping regions in Queensland and northern New South Wales in late January improved the outlook for dry land summer crops, says the ABARES. In its latest three-month rainfall outlook (February to April 2016), issued on 28 January 2016, the Bureau of Meteorology (BoM) forecasts that above-average rainfall is more likely in these regions. 
The BoM reports that though a strong El Niño persists, ocean temperatures in the tropical Pacific are showing a gradual cooling signal. Climate models suggest El Niño will weaken over the coming months, with a likely return to neutral conditions in the second quarter of 2016, it says.

El Nino to End by This Summer

Feb 11, 2016
The Japan Meteorological Agency forecasts the El Niño weather pattern is weakening and is likely to return to normal by 2016 summer, according to Reuters.
The agency said last month the El Niño weather phenomenon peaked in November and December 2015 and would return to normal by this summer.
The Australian weather Bureau also stated that ocean temperatures in the tropical Pacific are showing a gradual cooling signal. Climate models suggest El Niño will weaken over the coming months, with a likely return to neutral conditions in the second quarter of 2016, it said.
El Niño is often associated with droughts in Southeast Asia and Australia, and floods in South America. Past El Niños have reportedly impacted production of key foods such as rice, wheat and sugar.
The current El Niño is also understood to have a profound effect on the global rice production with world’s major rice producers India and Thailand likely to see a sharp fall in their output. Extending drought conditions in Indonesia and the Philippines in 2015 have prompted them to scale up their imports

Italy to Organize Seminar on Challenges Faced by Rice Producers

Feb 11, 2016
The Italian Farmers Union of Pavia (CIA), the cultural association Alma Terra Cisalpina, and the Research Center on the agricultural economy and Territory are jointly organizing a seminar titled "The rice production facing global market challenges" on February 12, 2016 at Rice research Center of Castello D'Agogna in Pavia, according to local sources.
Talking about the importance of the seminar, the organizers of the seminar noted: "The need to develop strategies that will enable the production world to cope with the increasing challenges imposed by the market and the awareness that the economic sustainability of companies, should also go through a different approach to business decisions, are now becoming daily discussion topics."
The General Manager of the Ente Nazionale Risi (ENR), the National Agency for Rice, will talk on  "The Italian rice production and trends in the international market." A University of Eastern Piedmont Professor will talk on "The rice sector in Piedmont and in Lombardy," and the President of the AIRI (Italian Rice Milling Association) will talk on "The processing industry: opportunities and strategies." 
 Togo 2015-16 Paddy Rice Output Declines 4.7% y/y to 140,952 Tons, Says Agriculture Official
Feb 11, 2016
Togo's 2015-16 paddy rice output has declined about 4.7% to around 140,952 tons from around 147,930 tons in 2014-15, Bloomberg quoted an official from the Agricultural Statistics Department.
Secretary-General of farmers’ union CTOP reportedly told reporters that the decline is attributed to low rains rainfall countrywide, including in the Zio region, where most of crop is grown.
USDA estimates Togo MY 2015-16 (October - September) paddy rice production at around 154,000 tons, up from last year's 146,000 tons. It estimates the country's rice imports to remain unchanged at last year's level of around 100,000 tons.

Pakistan Basmati Rice Export Prices Increase for Second Consecutive Month in January 2016

Feb 11, 2016
Pakistan basmati rice export prices have increased for second consecutive month in January 2016, after declining continuously for three months from September 2015, according to the UN's Food and Agriculture Organization (FAO).
In January 2015, Pakistan's basmati rice export prices have increased by about 2.5% to around $734 per ton from around $761 per ton in December 2015, and down about 16% from their year-ago levels of around $876 per ton. In terms of local currency, average Pakistan basmati rice prices in January 2016 increased about 1.5% to around PKR 75,602 per ton from around PKR 74,464 per ton in December 2015, and down about 14% from around PKR 88,305 per ton in January 2015.
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 last month. Pakistan basmati rice exporters have been facing a low demand and high stocks for the last few months.
Pakistan exported around 2.05 million tons of rice in the first six months of FY 2015-16 (July - December), up about 15% from around 1.53 million tons exported during the same period in FY 2014-15, according to provisional data from the Pakistan Bureau of Statistics (PBS).

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Fall despite Uptick in Weekly Export Sales

Feb 12, 2016

Chicago rough rice futures for Mar delivery settled 11.5 cents per cwt (about $3 per ton) lower at $11.015 per cwt (about $243 per ton). The other grains finished the day with mixed results; Soybeans closed about 1.3% higher at $8.7350 per bushel; wheat finished about 0.7% lower at $4.5825 per bushel, and corn finished the day unchanged at $3.6025 per bushel.
U.S. stocks traded mostly higher on Wednesday as investors digested remarks from Fed Chair Janet Yellen, as well another choppy trading in oil. Yellen delivered her remarks to Congress at 10 a.m. ET, in which she notes that, if the U.S. economy were to disappoint, the Fed would have to reconsider its rate hike path. Yellen answered questions after delivering her remarks, saying "I don't think it will be necessary to cut rates but like I said monetary policy is not on a preset course." The Dow Jones industrial average traded 44 points higher, or 0.29%. The S&P 500 rose 19 points, or 1.03%, to trade at 1,871, with health care leading eight sectors higher and utilities and telecommunications lagging. The Nasdaq gained 77 points, or 1.8%, to 4,345. Gold is seen trading about 0.5% lower, crude oil is seen trading about 1.6% lower, and the U.S. dollar is seen trading slightly higher at about  1:15pm Chicago time.
Wednesday, there were 1,737 contracts traded, up from 1,249 contracts traded on Tuesday. Open interest – the number of contracts outstanding – on Wednesday increased by 602 contracts to 14,046. 

Oryza U.S. Rough Rice Recap - Prices Stabilize after Iraqi Tender Confirmed

Feb 12, 2016
The U.S. cash market was unchanged today after it was confirmed that Iraq will issue a tender for 90,000 tons of milled rice with the U.S. being the only origin included in the tender.
The USDA reported that cumulative net export sales for the week that ended on February 4 totaled 53,100 tons, an increase of 36% from the previous week and 45% higher than the prior 4-week average.
Increases were reported for the following destinations: 13,500 tons to Colombia, 13,100 tons to Japan, 11,000 tons to Mexico, 5,900 tons to Guatemala, including 700 tons switched from  El Salvador, and 5,000 tons to Canada, while reductions of 700 tons and 100 tons were reported for El Salvador and Costa Rica, respectively.
U.S. rice exporters shipped 49,200 tons, an increase of 24% from than last week but 1% lower than the prior 4-week average.
Increases were reported for the following destinations: 13,500 tons to Colombia, 13,200 tons to Japan, 5,900 tons to Guatemala, 4,700 tons to Honduras, and 3,900 tons to Mexico.

Iraq Seeks to Buy 90,000 Tons of U.S. Rice in Tender

Feb 11, 2016
Iraq is seeking to buy about 90,000 tons of U.S. rice in tender, Bloomberg quoted a statement from Iraq's Trade Ministry.
Deadline for submission of bid is reportedly February 21, 2016, and the offers will be valid till February 25, 2016.

USDA Post Forecasts China MY 2015-16 Rice Stocks to Increase on Low Consumption

Feb 11, 2016
The USDA Post forecasts China's MY 2015-16 (July - June) ending stocks to increase to around 50.61 million tons, up about 6% from an estimates 47.66 million tons in MY 2014-15 and down from USDA's official estimates of around 47.68 million tons due to stagnating consumption. The government is planning to continue with the current rice subsidies and procurement policy. The Post forecasts that rice stocks will continue to grow if current policies are sustained.    
The government has been facing severe problems in selling its rice stocks due to poor quality as well as availability of competitively priced imported rice in the local market.
The Post has lowered its estimates for China's MY 2015-16 rice consumption by about 2.4 million tons to 147.6 million tons due to shifting consumer preferences, the economic slowdown, and lower feed use.
Meanwhile, the Post estimates China's MY 2015-16 rice imports at around 4.7 million tons, up from last year's 4.315 million tons and unchanged from USDA's official estimates. Chinese traders will continue to import rice as long as local rice prices are higher compared to the neighboring countries. They mostly import rice from Vietnam and Thailand due to their competitive prices and geographical proximity. For instance, the average price of indica paddy rice offered by State Grain silos in January averaged around $420 per ton, which is over $60 per ton compared to the price of imported milled rice from Vietnam. The Post reports that rice imports in November 2015 increased about 32% y/y due to high domestic prices.
The Post reports that the high government support prices offered by the government is also one of the reasons for high domestic prices.
The Post forecasts China's MY 2015-16 paddy rice production at around 209 million tons, up from last year's 206.51 million tons and up from USDA's official estimates of around 208.24 million tons due to an expected increase in paddy acreage, as soybean producers in the northeast have shifted to rice cultivation in search of higher returns.

Wholesale Basmati Rice Prices in India Rise on Increased Buying for Stockpiling

Feb 11, 2016
Wholesale basmati rice prices in the national capital have increased today on fresh buying for stockpiling, according to the Press Trust of India (PTI).
On February 11, 2016, prices of Pusa 1121 increased to around Rs.3,800 - 4,700 per quintal (around $561 - $693 per ton) from around Rs.3,700 - 4,600 per quintal (around $546 - $678 per ton) on February 9, 2016.
Prices of common basmati increased to around Rs.5,100 - 5,200 per quintal (around $752 - $767 per ton) from around Rs.4,900 - 5,000 per quintal (around $725 - $740 per ton) on February 9, 2016.
"Stockists buying against restricted supplies from producing regions mainly attributed to the rise in rice basmati prices," traders were quoted as saying.

Cambodian Rice Exporters Worry as EU-Vietnam FTA Comes into Force

Feb 11, 2016

Cambodian rice exporters have expressed concern that Cambodian rice exports to the EU under the Everything But Arms (EBA) Agreement would be impacted following the finalizing of the EU - Vietnam Free Trade Agreement (FTA), under which the EU has agreed to scrap duties on about 80,000 tons of Vietnamese rice annually, according to Khmer Times.
The President of the Cambodia Rice Federation (CRF) noted that the FTA could supress the growth of Cambodia's milled rice exports to the EU this year. “Of course, it definitely affects us because Vietnam also produces rice like us, while its production costs are lower… so competition will be tougher,” he said.
The EU reportedly accounts for around 40% of Cambodia's total rice exports. “It is the biggest market for us so it really requires us to think deeply about this issue,” he added. The official, however noted that Cambodia's organic, parboiled and fragrant rice exports will remain competitive, they are more concerned about the white rice exports.
He noted that the CRF has set up five working groups to help boost production capacity and increase global competitiveness. "The first working group focuses on reducing production costs and the second aims to increase yields from their current average of 2.8 tons to 3.2 tons per hectare (about half the average yield in Vietnam). The third working group focuses on improving irrigation systems, the forth on ensuring millers and exporters have enough capital to buy paddy during the harvest season, and the fifth on expanding rice silos and warehouses," he said.
Exclusive News have been shared with written permission of ORYZA.com with thanks

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