Tuesday, February 09, 2016

14 January 2016 Daily ORYZA Rice E-Newsletter by Ricpelus Magazine

Presents Seminar on
Role of Media and Society in Building Innovative Pakistan – Science, Technology and Innovation
Date: 19th January, 2016 (Tuesday) Time: 10:30am-01.00pm
Venue: University of Management and Technology, Lahore
The aim of the SATHA Seminar is to highlight critically important but generally neglected area of Science, Technology and Innovation Policies and Practices in Pakistan. The seminar will bring attention of stakeholders towards the undeniable role of science, technology and innovation for the socio-economic development of the country and hence, will advocate promotion of research and innovation for the benefit of the industry and public at large.
Tentative Program
10:30am:     Registration – Seating - Recitation 
11:00am:     Welcome by President SATHA
11:10am:     Highlights of the PCST-IRP joint study on “Encouraging Problem Solving Research in Pakistan” by Dr. Tariq Bashir, PCST
The study was jointly conducted by PCST and IRP on how to encourage and promote need-based R&D and innovation in Pakistan. The data was collected from 350-400 experts of 150+ organizations of industry, academia and public sector through consultative workshops held allover Pakistan.
11:25am:   Competiveness of Rice Sector of Pakistan and Role of Research Institutions by Dr. Hamid Malik CEO, Induss Pak
11:40am:   Role of Media in Building Innovative Pakistan by Mr. Habib Akram Executive Editor, Dunya TV
11:55am:   Role of Media in Building Innovative Pakistan by Saleem Bokhari, Editor, The Nation 
12:10pm:  Role of Society in S&T –Akhuwat Triple Helix Model - Society, Academia and Govt. Collaboration by Dr. Amjad Saqib, Executive Director, Akhuwat
12:25pm:   Address by Guest of Honor- Dr. Anwar ul Hassan Gilani, Chairman, PCST
12:40pm:   Address by Chief Guest - Fahd Husain, Executive Director, Express News
12:55pm:   Note of Thanks by Mr. Rashid Khan, Assistant Professor, Media Dept., UMT  
01:00pm:   Closing


                   
               
Contact:      Anum Akmal, Program Coordinator, SATHA–ORIC, UMT, Lahore
Email: satha@irp.edu.pk  Ph. 042- 35212801 Ext: 3744
University of Management and Technology, Lahore
C II, Johar Town, Lahore-Pakistan

Wholesale Basmati Rice Prices in India Decline on Low Demand

Jan 13, 2016
Wholesale basmati rice prices have declined today due to sluggish demand from traders, according to the Press Trust of India (PTI).
On January 13, 2016, prices of Pusa 1121 declined to around Rs.4,250 - 4,900 per quintal (around $637 - $734 per ton) from previous quotes of around Rs.4,350 - 5,000 per quintal (around $652 - $749 per ton).
Prices of common basmati rice  declined to around Rs.5,300 - 5,400 per quintal (around $794 - $809 per ton) from the previous level of around Rs.5,400 - Rs.5,500 per quintal (around $810 - $825 per ton).
However, traders attributed the decline in wholesale basmati prices to subdued demand from retailers.
Global Rice Quotes
January 13th, 2016
Long grain white rice - high quality
Thailand 100% B grade   360-370                ↔
Vietnam 5% broken        350-360                ↔
India 5% broken               355-365                ↔
Pakistan 5% broken        330-340                ↔
Myanmar 5% broken      410-420                ↔
Cambodia 5% broken     425-435                ↔
U.S. 4% broken                 465-475                ↔
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             440-450                ↑
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

EU Rice Imports from Asian LDCs Increase Sharply in First Four Months of 2015-16

Jan 13, 2016
The European Union's (EU) rice imports from the Least Developed Countries (LDCs) of Asia such as Cambodia and Myanmar under the Everything But Arms (EBA) Agreement have reached around 116,697 tons in the first four months of the crop year 2015-16 (September - December 2015), up about 42% from around 82,477 tons imported during the same period last year, according to data from the European Commission (EC).
The EC data shows that imports from Cambodia (which account for about 84% of total imports from Asian LDCs in September – December 2015) increased about 44% to around 98,301 tons from around 68,364 tons during the same period last year. On the other hand, rice imports from Myanmar (which account for about 16% of total imports from Asian LDCs in the first four months of 2015) have increased about 35% to around 16,773 tons from around 12,429 tons during the same period last year.

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Tumble as Market Digests Bearish USDA S&D Outlook; Corn and Beans Follow through Buying while Wheat Slips

Jan 14, 2016
Chicago rough rice futures for Mar delivery settled 41.5 cents per cwt (about $9 per ton) lower at $11.300 per cwt (about $249 per ton). The other grains finished the day with mixed results; Soybeans closed about 0.6% higher at $8.8000 per bushel; wheat finished about 0.7% lower at $4.7800 per bushel, and corn finished the day about 0.4% higher at $3.5800 per bushel.
U.S. stocks traded lower Wednesday as low oil prices and consumer discretionary stocks weighed. WTI crude oil futures tried to hold slightly higher near $30.50 a barrel after briefly falling below the psychologically key $30 level Tuesday and hitting a fresh 12-year low. Brent traded lower, also near $30.50 a barrel. China's crude oil imports hit a record high in December, while copper imports were the second highest on record, according to customs data. Overall Chinese exports and imports fell by less than expected in December, leaving a trade surplus of over $60 billion for the month, the data showed. The economy likely had its weakest annual growth in 25 years. China GDP data is expected next week. The Shanghai composite stock index erased early gains to close 2.4% lower, while Asian markets mostly closed higher on Wednesday. European stocks pared gains to end mixed. In midday trade, the Dow Jones industrial average declined 96 points, or 0.59%, to 16,418. The S&P 500 fell 11 points, or 0.58%, to 1,927, with consumer discretionary leading eight sectors lower and utilities and telecommunications the only gainers. The Nasdaq composite declined 46 points, or 0.98%, to 4,638. Gold is seen trading about 0.3% higher, crude oil is seen trading about 0.8% lower, and the U.S. dollar is seen trading about 0.1% higher at about  1:00pm Chicago time.
Tuesday, there were 471 contracts traded, up from 355 contracts traded on Monday. Open interest – the number of contracts outstanding – on Tuesday increased by 99 contracts to 13,469.

European Paddy Quotes Remain Firm in First Week of January 2016

Jan 13, 2016

European paddy quotes showed no substantial movements during the week December 29, 2015 - January 05, 2016, according to the European quotations supplied by the European Commission (EC) on January 5, 2016. Official paddy quotes were not available in some countries.
Below are the European quotations supplied by the EC on January 5, 2016.

SPAIN - Japonica paddy slightly decreasing at 291 euros (about $ 315) per ton, down from 294 euros (about $ 319) per ton on December 29, 2015. Indica paddy was fixed at 256 euros (about $ 277) per ton, slightly decreasing from 255 euros (about $ 276) per ton of the previous week. Milled Japonica rice quoted 587 euros (about $ 637) per ton, unchanged.                                       
PORTUGAL - Portuguese paddy varieties received no quotations.   
GREECE – Greek paddy varieties received no quotations. 
ROMANIA -  Prices were fixed only on January 5: Japonica paddy was out at 320 euros  (about $ 347) per ton and Indica paddy at 327 euros (about $ 354) per ton. As for milled rice, no quotes were indicated.
BULGARIA - Japonica paddy quotations are firm at 294 euros (about $ 319) per ton. Japonica milled rice prices are unchanged at 872 euros (about $ 946) per ton.
FRANCE - No variety of milled rice was quoted on January 5, 2016; on December 29, 2015 round milled rice was out at 620 euros (about $ 672) per ton, Long A at 600 euros (about $ 651) per ton, Long B at 610 euros (about $ 662) per ton.

Cambodia Needs to Invest About $550 Million in Rice Value Chain to Achieve One Million Ton Export Goal, Says CRF Official

Jan 13, 2016
The government of Cambodia should invest about $550 million the rice production and supply chain to achieve the one million ton export target, local sources quoted an official from the Cambodia Rice Federation (CRF).
The official noted that the CRF requires at least 2.5 million tons of paddy, including both fragrant and white types, to process one million tons of milled rice for exports. He also noted that advanced storage facilities are also required to achieve the goal.
He noted that earlier China had proposed to invest about $320 million to develop the country's rice milling sector, but new studies have found that the sector over $500 million for the purpose. He urged the government to facilitate loans for the development of the sector.
Other exporters added that funds are needed to build warehouses, rice silos, develop human resources and upgrade equipment for harvesting rice and transporting it to warehouses and ports. Such facilities are needed to ensure uninterrupted rice supplies for exports, they said. Some exporters opined that the development of the sector would also help the exporters to reduce prices in line with the global prices.
Cambodia's rice exports increased significantly in 2015 though the one million ton target could not be reached. Cambodia exported around 538,396 tons of milled rice in 2015 up about 39% from around 387,061 tons exported during the same period last year.

Government of India Procures 20.81 Million Tons of Rice as of January 12, 2016 in KMS 2015-16, Up 32% from Last Year

Jan 13, 2016

The Food Corporation of India (FCI), the nodal agency for food grain procurement and distribution has procured around 20.81 million tons of rice as of January 12, 2016 in KMS 2015-16 (October 2015 - September 2016), up about 32% from around 15.74 million tons last year, the Economic Times quoted a news release by the Food Ministry.
Paddy procurement is said to have increased in this season despite the country receiving below-average monsoon rains in 2015 due to a decline in prices of common variety of rice in various markets across the country.. The major increase in procurement of paddy has taken place in Punjab, Haryana, Chhattisgarh, Andhra Pradesh, Odisha and Uttar Pradesh, according to the news release.
Based on the current pace of procurement, analysts have forecasted that government's rice procurement in KMS 2015-16 may exceed last year's level of 32 million tons. The government of India is planning to procure around 30 million tons of rice in the KMS 2015-16.
Food Ministry sources noted that the government of India provided an additional funding of Rs.10,000 crore to the FCI this month to ensure that it has sufficient funds to pay to the farmers and the state government agencies for procurement of paddy.
India’s rice stocks in the central pool as of January 1, 2015 stood at around 26.025 million tons (including a milled equivalent of about 13.34 million tons of paddy), up about 14% from around 22.79 million tons recorded during the same period last year, according to FCI.

Oryza U.S. Rough Rice Recap - Steep Price Declines Seen a Day after Bearish USDA Report

Jan 14, 2016
The U.S. cash market was materially weaker today, a day after the USDA increased their 2015/2016 long grain ending stocks estimate by 2.2 m cwt to 23.0 m cwt from last month’s report.
Analysts note that many farmers were hopeful that this month’s report would be friendly to prices however the large and somewhat questionable 6.0 m cwt reduction in domestic and residual use shattered those hopes.
Meanwhile, high water levels on the Lower Mississippi River continues to hamper barge loading operations and at least one a river closure was reported yesterday after a tow hit a bridge in Vicksburg, MS, sinking some of the barges it was moving.

Re-Seeding of Paddy Acquired from Non-Seeding Companies Not Allowed, Says Italian Ministry

Jan 13, 2016
The Italian Ministry of Agriculture and Forestry (MIPAAF) has reportedly announced that paddy acquired from non-seed breeding companies will not be allowed in Italy.
However, the MIPAAF has clarified that the paddy grown in one's own farm can be used for re-seeding purposes.
The Ministry noted that the Ente Risi (ENR), the National Agency for Rice, must promptly report any detected anomaly to the Central Inspectorate for the prevention of Fraud, which will carry out controls during the marketing phase.
The issues related to the re-seeding of paddy will be discussed in a special technical meeting, which will be conducted in Ente Risi Research Center in Castello d'Agogna on February 4, 2016. The meeting will reportedly discuss the current themes of rice growing in Italy.

USDA Raises Estimates for U.S. 2015-16 All Rice Supplies on Higher Production

Jan 13, 2016
In its January 2016 World Agricultural Demand and Supply Estimates (WASDE) report, the USDA raised estimates for the U.S. all rice supplies to around 12.02 million tons, up from its last month's forecast of 11.97 million tons due to an expected increase in all rice production. However, the supplies are estimated to be lower from last year's 12.56 million tons. While supplies of long-grain rice are expected to be unchanged at last month’s 8.16 million tons, supplies of short- and medium-grain rice at around 3.76 million tons, up from last month's estimates of 3.72 million tons.
The USDA raised estimates for U.S. all rice production to around 8.72 million tons from its last month’s forecast of 8.65 million tons due to an expected increase in acreage and yields. While estimates for production of long-grain rice is raised to 6.03 million tons from last month's estimates of 6.01 million tons, estimates for production of short- and medium-grain rice are raised to around 2.69 million tons, up from last month's estimates of 2.65 million tons.
The USDA estimates for U.S. all rice acreage to increase to 1.032 million hectares, up from its last month's estimates of 1.028 million hectares. It estimates yield per hectare to increase to around 8.4 tons, up from last month's estimates of 8.35 tons.
The USDA lowered estimates for U.S. all rice imports to around 1.09 million tons, down from its last month’s forecast of 1.11 million tons based on slower pace to date.
The USDA lowered its estimates for 2015-16 U.S. all rice use to 5.49 million tons, down from last month's forecast of 5.76 million tons due to an expected decline in the estimates of long -grain use to 3.99 million tons from last month’s forecast of 4.26 million tons. The USDA raised its estimates for 2015-16 U.S. all rice exports to 4.63 million tons, up from last month's forecast of 4.45 million tons due to an expected increase in the exports of long -grain to 3.13 million tons from last month’s forecast of 2.95 million tons.
The USDA increased its estimates for 2015-16 U.S. all rice ending stocks to 1.9 million tons, up from last month's forecast of 1.76 million tons due to an expected increase in the estimates of both long -grain and short- and medium- ending stocks.
Average farm prices of all paddy rice, long-grain paddy rice and combined medium- and short- grain paddy rice are expected to decline to around $279.98 - $302.03 per ton, around $242.51 - $264.55 and $365.96 - $388 per ton respectively.

Vietnam Rice Sellers Increase Some of Their Quotes Today; Other Asia Rice Quotes Unchanged Today

Jan 13, 2016
Vietnam rice sellers increased their quotes for Jasmine rice by about $15 per ton to about $440-$450 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.

Thai OAG Sues Seven More Individuals in Rice Pledging Case

Jan 13, 2016
The Office of the Attorney General (OAG) sued another seven individuals in the rice pledging case, according to local sources.Newly accused are executive in rice mills who are reportedly known to have colluded with the former Commerce Minister related to a government-to-government (G2G) deal between the Thai and Chinese governments.Public prosecutors filed their petition with the Supreme Court's Criminal Division for Political Office Holders against the private-company executives, who are understood to have bought rice from government stock, supposedly to be delivered to China, and sold in the Thai local markets.The OAG already filed the charges against the 21 individuals, including the former Commerce Minister, based on the advice of the National Anti-Corruption Commission (NACC). They were reportedly accused of helping two Chinese companies, which were reportedly not authorized by the Chinese government, to seal G2G contracts for about 1.2 million tons of rice with the Thai government without participating in a bid. The 21 individuals are said to have violated the Criminal Code, the Public Competitive Bidding Act and the Anti-Corruption Act. The Supreme Court is hearing the evidences related to the case.

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