Global Rice Quotes
February 26th, 2016
Long grain white rice - high quality
Thailand 100% B grade 365-375
↔
Vietnam 5% broken 350-360
↔
India 5% broken 360-370
↔
Pakistan 5% broken 335-345
↔
Myanmar 5% broken 420-430
↔
Cambodia 5% broken 410-420
↔
U.S. 4% broken 455-465
↔
Uruguay 5% broken 445-455
↔
Argentina 5% broken 435-445
↔
Long grain white rice - low quality
Thailand 25% broken 345-355
↔
Vietnam 25% broken 340-350
↔
Pakistan 25% broken 305-315
↔
Cambodia 25% broken 395-405
↔
India 25% broken 325-335
↔
U.S. 15% broken (sacked) 440-450
↔
Long grain parboiled rice
Thailand parboiled 100% stxd 365-375 ↔
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% 665-675
↔
Vietnam Jasmine 415-425
↔
India basmati 2% broken NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Mails 760-770
↔
Brokens
Thailand A1 Super 325-335
↔
Vietnam 100% broken 325-335
↔
Pakistan 100% broken stxd 285-295
↔
Cambodia A1 Super 335-345
↔
India 100% broken stxd 260-270
↔
Egypt medium grain brokens NQ
↔
U.S. pet food 280-290
↔
Brazil half grain NQ
↔
All prices USD per ton, FOB vessel, oryza.com
March 7 the EU to Vote on Relicense of Glyphosate
Feb 26, 2016
European environmental
organizations, some scientistics, and organic farmers are seeking to stop the
use of glyphosate in European Union (EU) agriculture. The Italian
movement is using the hashtag #stopglifosato.
In early 2015, the
International Agency for Research on Cancer (IARC), the cancer-research arm of
the World Health Organization (WHO), announced that glyphosate, the world’s
most widely used herbicide, is probably carcinogenic to humans.
In November 2015, the
European Union’s food watchdog, the European Food Safety Authority (EFSA) ruled
that glyphosate was unlikely to be carcinogenic. Now the the
European Commission plans to grant a new 15-year lease to relicense glyphosate,
a move being fought by critics of the herbicide.
On March 7, EU national
representatives will vote on whether to relicense glyphosate
Thailand Rice Sellers Lower Some of Their Quotes Today; Other Asia Rice
Quotes Unchanged
Feb 25, 2016
Thailand rice sellers
lowered their quotes for Hommali rice by about $5 per ton to about
$665-$675 per ton today. Other Asia rice sellers kept their quotes unchanged
today.
5% Broken Rice
Thailand 5% rice is
indicated at around $355 - $365 per ton, about $5 per ton premium on Vietnam 5%
rice shown at around $350 - $360 per ton. India 5% rice is indicated at around
$360 - $370 per ton, about $25 per ton premium on Pakistan 5% rice shown at
around $335 - $345 per ton.
25% Broken
Rice
Thailand 25% rice is
indicated at around $345 - $355per ton, about $5per ton premium on 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 $365 - $375per 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, on par with Vietnam 100%
broken rice shown at around $325 - $335 per ton. India's 100% broken rice is
shown at around $260 - $270 per ton, about $25 per ton discount to Pakistan
broken sortexed rice shown at around $285 - $295 per ton.
Thailand Announces Long-Term Rice Strategy to Boost Consumption and Limit
Production
Feb 25, 2016
The government of
Thailand has announced a long term rice strategy, scheduled to being next year,
in hopes of increasing domestic rice consumption and limiting domestic rice
production, according to the Thai PBS.
The Prime Minister is
reported saying the nation’s average per capita rice consumption has fallen
from 190 kilograms per year to 106 kilograms over the last decade.
The plan is also
supposed to supply farmers with high-quality seeds and financing, in addition
to encouraging them to rotate crops for better soil health.
Indian Scientists to Develop Hearty Rice Variety Using Resistance of a Weed
with Historical Significance
Researchers at M S Swaminathan
Research Foundation (MSSRF), Chennai, India are trying to develop rice
varieties that can yield rice in drought conditions. After studying about 12
years, researchers have identified genes in Prosopis juliflora, a weed that can
thrive in adverse conditions like soil salinity and drought. Using the genetic
makeup of the weed, researcher can develop transgenic rice grains that can also
cope with salinity and drought.
Prosopis juliflora is
native to south and central America and the Caribbean, grows fast and is
tolerant to arid conditions and saline soil. The plant was introduced to India
during the 1870s, by the British to meet firewood shortages but quickly took
over and adversely affected the biodiversity of parts of India, according to
the Times of India.
The research team at
MSSRF is also looking at other plants that show similar stress tolerance like
Avicennia marina, a halophytic (salt loving) plant and Chrysopogon zizanioides
(vetiver), a perennial grass.
Common Wholesale Basmati Rice Prices Advance, Catching up with an Increase
in Pusa 1121 Earlier This Week
Feb 25, 2016
Wholesale basmati rice
prices in the national capital are mixed today, according to data from the
Press Trust of India (PTI).
On February 25, 2016,
prices of Pusa 1121 held steady at Rs.4,100 - 5,000 per quintal (around $597 -
$728 per ton).
Prices of common
basmati increased, catching up with a previous rise in Pusa 1121 on February
23. Common basmati rice is quoted Rs. 100 higher to around Rs.5,400 -
5,500 per quintal (around $786 - $801 per ton).
Oryza U.S. Rough Rice Recap - Cash Prices Fall after IGB Fails to Award
Tender
Feb 26, 2016
The U.S. cash market
was seen materially weaker today after the Iraqi Grain Board failed to make any
awards on their latest tender.
Analysts note
that it is not uncommon for the IGB to request an extension on the validity of
the offers; however, many believe that they will cancel this tender and reissue
another tender in the coming weeks.
Many in the industry
believe that they will include South American origin on their next tender which
was excluded on this tender.
In the meantime, the
USDA reported that cumulative net export sales for the week that ended on
February 18th, totaled 55,800 tons, a decrease of 38% from the
previous week but 9% higher than the prior 4-week average.
Increases were
reported for the following destinations: 15,400 tons to Japan, 11,500
tons to Haiti, 9,500 tons to unknown destinations, 8,300 tons to Mexico,
and 4,000 tons to Canada which was partially offset by a 200 ton
reductions from Belgium.
U.S. rice exporters
shipped 68,500 tons, an increase of 80% from than last week and 62% higher than
the prior 4-week average.
Increases were
reported for the following destinations: 22,700 tons to Costa Rica, 18,000 tons
to Mexico, 14,000 tons to Haiti, 4,200 tons to Canada, and 2,800 tons to South
Korea.
Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Collapse
as Iraqis Cancel Latest Tender
Feb 26, 2016
Chicago rough rice
futures for Mar delivery settled 22.5 cents per cwt (about $5 per ton) lower at
$10.435 per cwt (about $230 per ton). The other grains finished the day with
mixed results; Soybeans closed about 0.8% lower at $8.6550 per bushel; wheat finished
about 0.6% higher at $4.5400 per bushel, and corn finished the day about 1.1%
lower at $3.6050 per bushel.
U.S. stocks traded
higher Thursday, following the prior day's massive intraday reversal, as low
oil prices continued to weigh. The major averages fluctuated between slight
gains and losses, after opening higher following a better-than-expected durable
goods report. Also weighing on sentiment was the overnight 6.4% plunge in the
Shanghai composite, while the Hang Seng lost nearly 1.6%. In contrast, Japan's
Nikkei 225 rose 1.4%.European stocks pared gains but held about 2% higher. The
STOXX Europe 600 Banks outperformed, briefly trading more than 4% higher but
still more than 30% below its 52-week intraday high. In afternoon trade, the
Dow Jones industrial average rose 131 points, or 0.8%, to 16,616. The S&P
500 rose 12 points, or 0.64%, to 1,942, with financials leading nince advancers
and energy the only decliner. The Nasdaq composite gained 15 points, or 0.33%,
to 4,557. Gold is seen trading about 0.2% lower, crude oil is seen trading
about 2.1% higher, and the U.S. dollar is seen trading about 0.1% lower at
about 1:15pm Chicago time.
Wednesday, there were
3,105 contracts traded, down from 3,959 contracts traded on Tuesday. Open
interest – the number of contracts outstanding – on Wednesday increased by 390
contracts to 12,773.
News have been shared with written permission of ORYZA.com with thanks.
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