Global Rice Quotes
February 11th, 2016
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Long grain white rice - high quality
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||
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Thailand
100% B grade
|
380-390
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↔
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Vietnam
5% broken
|
350-360
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↔
|
|
India
5% broken
|
360-370
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↔
|
|
Pakistan
5% broken
|
330-340
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↔
|
|
Myanmar
5% broken
|
415-425
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↔
|
|
Cambodia
5% broken
|
425-435
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↔
|
|
U.S.
4% broken
|
460-470
|
↔
|
|
Uruguay
5% broken
|
440-450
|
↔
|
|
Argentina
5% broken
|
430-440
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↔
|
|
Long grain white rice - low quality
|
||
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Thailand
25% broken
|
355-365
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↔
|
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Vietnam
25% broken
|
340-350
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↔
|
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Pakistan
25% broken
|
310-320
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↔
|
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Cambodia
25% broken
|
405-415
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↔
|
|
India
25% broken
|
325-335
|
↔
|
|
U.S.
15% broken (sacked)
|
440-450
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↔
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|
Long grain parboiled rice
|
||
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Thailand
parboiled 100% stxd
|
370-380
|
↔
|
|
Pakistan
parboiled 5% broken stxd
|
NQ
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↔
|
|
India
parboiled 5% broken stxd
|
350-360
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↔
|
|
U.S.
parboiled 4% broken
|
480-490
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↔
|
|
Brazil
parboiled 5% broken
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520-530
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↔
|
|
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
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↔
|
|
Brokens
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||
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Thailand
A1 Super
|
325-335
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↔
|
|
Vietnam
100% broken
|
320-330
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↔
|
|
Pakistan
100% broken stxd
|
280-290
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↔
|
|
Cambodia
A1 Super
|
345-355
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↔
|
|
India
100% broken stxd
|
260-270
|
↔
|
|
Egypt
medium grain brokens
|
NQ
|
↔
|
|
U.S.
pet food
|
280-290
|
↔
|
|
Brazil
half grain
|
NQ
|
↔
|
|
Medium grain milled
|
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.
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.
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