Vietnam Rice Exports Increase 43% y/y in January 1-28 2016
Feb 01, 2016
Vietnam exported about 314,706 million tons of rice in January 1-28, 2016, up about 43% from around 220,388 tons rice exported in January 2015, and about half of around 760,993 tons of rice exported in December 2015, according to data from the Vietnam Food Association (VFA).
The average export price so far in January stands at about $404.5 per ton, down about 10% per ton from a year ago and down about 1% per ton from a month ago.
In 2015, Vietnam exported around 6.568 million tons, up about 4% from about 6.33 million tons of rice exported in 2014
USDA Post Forecasts Mexico MY 2015-16 Paddy Rice Production to Decline on Low Acreage
Feb 01, 2016
The USDA Post forecasts Mexico's MY 2015-16 paddy rice production at around 195,000 tons, down from around 261,000 tons in MY 2014-15 and down from USDA's official estimates of around 197,000 tons due to an expected decline in paddy rice area.
The Post estimates the MY 2015-16 paddy acreage to decline to around 33,000 hectares, down from around 44,000 hectares in MY 2014-15 and down from USDA's official estimates of around 34,000 hectares due to the impact of adverse weather conditions on the rice producing region of Tabasco. Cold weather reportedly damaged about 1,000 hectares of 2015 spring/summer crop.
The USDA Post forecasts MY 2015-16 rice stocks to decline to around 113,000 tons, down from last year's 152,000 tons and USDA's official estimates of around 114,000 tons.
Government of India Procures 24.47 Million Tons of Rice as So Far in KMS 2015-16, Up 24% from Last Year
Feb 01, 2016
The Food Corporation of India (FCI), the nodal agency for food grain procurement and distribution has procured around 24.47 million tons of rice so far in KMS 2015-16 (October 2015 - September 2016), up about 24% from around 19.66 million tons last year, the Economic Times quoted Food Ministry sources.
Paddy procurement is reportedly completed in Punjab and Haryana, and is on-going in Uttar Pradesh, Chhattisgarh, Andhra Pradesh and Telangana.
Paddy procurement is said to have increased in this season despite a likely reduction in production following poor monsoons. Food Ministry sources noted that the procurement has increased this year due to a decline in prices of common variety of rice in most markets. A Senior Food Ministry official is predicting that if the current trend continues, the overall rice procurement this year could surpass last year's procurement level of 32 million tons.
The government of India is planning to procure around 30 million tons of rice in the KMS 2015-16.
Recently, Food Ministry sources noted that the government of India provided an additional funding of Rs.10,000 crore (around $1.5 billion) 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.
The government of India fixed the minimum support price (MSP) of common variety of paddy at around $1,410 per quintal (around $208 per ton) and that of Grade A paddy at $1,450 per quintal (around $214 per ton) for the 2015-16 kharif season.
The Agricultural Ministry has projected the 2015-16 kharif (June - December) paddy rice output at around 90.61 million tons, down from last year's 90.86 million tons due to 14% fall in monsoon rains.
USDA Post Forecasts Brazil MY 2014-15 Milled Rice Production to Decline Due to Heavy Rains, Floods in Main Growing Areas
Feb 01, 2016
The USDA Post forecasts Brazil MY 2014-15 (April 2015 - March 2016) milled rice production to decline to 8.4 million tons, down from USDA's official estimates of around 8.465 million tons due to heavy rains and flooding in the main rice growing region of Rio Grande do Sul. However, the production is estimated to be above 8.3 million tons in MY 2013-14.
Initial reports forecasts losses of up to 15% of the crop in the state, but favorable weather following the floods helped to reduce the anticipated losses to an estimated 4%, says the Post. It estimates 2015-16 milled rice production to decline to 8 million tons due to increased input costs, like irrigation and electricity in 2015.
The USDA Post estimates 2014-15 imports at 450,000 tons, on par with USDA official estimates. It estimates 2014-15 rice exports at 1 million tons, up 18% from the previous year on a strong dollar incentivizing exports, accordign to the Post.
The Post forecasts 2014-15 rice consumption to increase slightly to around 8 million tons, unchanged from USDA's official estimates.
USDA Post Forecasts Brazil MY 2014-15 Milled Rice Production to Decline Due to Heavy Rains, Floods in Main Growing Areas
Feb 01, 2016
The USDA Post forecasts Brazil MY 2014-15 (April 2015 - March 2016) milled rice production to decline to 8.4 million tons, down from USDA's official estimates of around 8.465 million tons due to heavy rains and flooding in the main rice growing region of Rio Grande do Sul. However, the production is estimated to be above 8.3 million tons in MY 2013-14.
Initial reports forecasts losses of up to 15% of the crop in the state, but favorable weather following the floods helped to reduce the anticipated losses to an estimated 4%, says the Post. It estimates 2015-16 milled rice production to decline to 8 million tons due to increased input costs, like irrigation and electricity in 2015.
The USDA Post estimates 2014-15 imports at 450,000 tons, on par with USDA official estimates. It estimates 2014-15 rice exports at 1 million tons, up 18% from the previous year on a strong dollar incentivizing exports, accordign to the Post.
The Post forecasts 2014-15 rice consumption to increase slightly to around 8 million tons, unchanged from USDA's official estimates.
Government of Thailand Decides to File Civil Suits Against Fifteen Private Companies and Individuals in Rice Case
Feb 01, 2016
The government of Thailand has decided to file civil suits to seek compensation from 15 private companies and individuals for their involvement in the rice pledging scheme, local sources quoted the Deputy Prime Minister.
The Deputy Prime Minister told local sources that the government took the decision as the statute of limitation of the cases will expire at the end of next month.
He noted that the concerned authorities are working on the cases and have discussed the issue with the Office of the Attorney-General (OAG).
Recently, the OAG sued seven individuals for reportedly colluding with the former Commerce Minister related to a government-to-government (G2G) deal between the Thai and Chinese governments.
The rice pledging scheme, introduced by the previous government is estimated to have caused losses to the extent of about 500 billion baht (around $14 billion) to the government.
Separately, the President of the Thai Agriculturists Association (TAA) has urged the government to provide soft loans to the extent of 100,000 baht (around $2,810) to farmers who joined the rice plantation integration project, which was launched by the government to help small farmers integrate their rice fields and lower production costs.
Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Tumble as Week Starts on Bearish Note; Crude Crashes over 6% on Negative Outlook for China
Feb 02, 2016
Chicago rough rice futures for Mar delivery settled 34.5 cents per cwt (about $8 per ton) lower at $11.05 per cwt (about $243 per ton). The other grains finished the day lower; Soybeans closed about 0.2% lower at $8.8075 per bushel; wheat finished about 0.8% lower at $4.7525 per bushel, and corn finished the day about 0.2% lower at $3.7125 per bushel.
U.S. stocks traded lower Monday, weighed by declines in oil prices and continued softness in manufacturing data. Stocks and Treasury yields held little changed from earlier levels amid comments from Federal Reserve Vice Chairman Stanley Fischer that if recent volatility in global asset markets leads to "a persistent tightening of financial conditions, they could signal a slowing in the global economy that could affect growth and inflation in the United States." Earlier, European Central Bank President Mario Draghi reiterated in a speech the central bank will review and reconsider its policy stance in March. The Bank of Japan surprised markets Friday by adopting a negative interest rate policy. Traders also attributed some of the recovery to beginning-of-month inflows and some optimism on consumer spending as some consumer stocks tried for gains.
The major economic report for the week is the January nonfarm payrolls report, due Friday. European stocks trimmed losses but held lower as oil's decline and China data weighed. Asian stocks closed mixed, with the Nikkei 225 nearly 2% higher but the Shanghai composite down more than 1.5% and the Hang Seng off about half a percent. In afternoon trade Monday, the Dow Jones industrial average declined 116 points, or 0.7%, to 16,349. The S&P 500 traded down 13 points, or 0.7%, to 1,926, with energy leading eight sectors lower and utilities the top gainer. The Nasdaq composite declined 28 points, or 0.6%, to 4,585. Gold is seen trading about 1% higher, crude oil is seen trading about 5.7% lower, and the U.S. dollar is seen trading about 0.5% lower at about 1:15pm Chicago time.
Friday, there were 1,454 contracts traded, down from 935 contracts traded on Thursday. Open interest – the number of contracts outstanding – on Friday decreased by 522 contracts to 12,859.
Sri Lanka Increases Import Duty on Rice by 43% to $348 per Ton
Feb 01, 2016
The government of Sri Lanka has hiked the import duty on rice to around 50 rupees per kilogram (around $348 per ton) from around 35 rupees per kilogram (around $244 per ton) with effect from January 31, 2016, local sources quoted the Minister of Finance.
The government has reportedly hiked the duty on rice imports to ensure a fair price for rice in the market amid increasing paddy supplies in the market.
India May Soon Strike One Million Ton Rice Export Deal with Indonesia
Feb 01, 2016
The government of India is likely to strike a one million ton rice export deal worth Rs.3,000 crore (around $443 million) with Indonesia shortly, according to local sources.The Indian government will reportedly execute the export contract from the government stocks. The deal is the first major shipment from government stocks since 2003-04, when the government exported around 2.775 million tons of rice from the central pool. The government stopped exporting rice from the central pool since 2005-06.
Sources noted that though the Indonesian government sought for import of around 1.5 to 2 million tons, the Indian government agreed to export only one million tons.The Indian government is understood to sell rice at economic cost or procurement costs and freight, according to local sources. The economic cost of rice (of 2015-16 season) is Rs.32,580 (around $481) per ton for common variety and Rs.33,300 (around $492) per ton for higher grade, according to the Food Corporation of India (FCI) sources.
Indonesia's state logistics agency Bulog and India's public sector trading company Metals and Minerals Trading Corporation of India (MMTC) will reportedly execute the contract.
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) against the required buffer norms of around 7.61 million tons, according to the FCI.
Thailand Plans to Sell 500,000-600,000 Tons of Rice from Stockpiles in February 2016
Feb 01, 2016
The government of Thailand is planning to sell 500,000 to 600,000 tons of rice from stockpiles later this month; Reuters quoted the Commerce Ministry Permanent Secretary."The opening of the auction of 500,000 to 600,000 tonnes of rice will be divided in two lots," the official told reporters. "One lot would be Grade C for industrial use, including animal feed, and the second lot would be "good grade" rice for human consumption," she added.
The official said the interested parties can check the rice in warehouses after the Ministry announces the terms of reference. She assured that market prices of rice won't be affected due to the current auctions as paddy from the 2015-16 crop has already reached the market.The government currently holds about 13 million tons of rice in its stockpiles and it is reportedly planning to clear the stocks by the end of 2017.
Thailand Rice Sellers Increase Some of Their Quotes Today; Pakistan Rice Quotes Mixed
Feb 01, 2016
Thailand rice sellers increased their quotes for 5% broken rice, 25% broken rice and Hommali rice by about $5 per ton each to about $370-$380 per ton. $355-$365 per ton and $690-$700 per ton respectively today. Pakistan rice sellers increased their quotes for 25% broken rice by about $5 per ton to about $310-$320 per ton and lowered their quotes for 100% broken rice by about $5 per ton to about $285-$295 per ton. Other Asia rice sellers kept their quotes mostly 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 shown at around $350 - $360 per ton. India 5% rice is indicated at around $355 - $365 per ton, about $15 per ton premium on Pakistan 5% rice shown at around $340 - $350 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 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 $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 $320 - $330 per ton, on par with Vietnam 100% broken rice shown at around $320 - $330 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.
Update: Thailand to Auction 570,000 Tons of Stockpiled Rice on February 16 and 17, 2016
Feb 01, 2016
Thailand will sell 570,000 tons of stockpiled rice on February 16 and 17 for human consumption and industrial use, Reuters quoted the Commerce Permanent Secretary.She noted that: "the size of the first auction of "good rice" will be about 204,000 tons while the second lot will be about 360,000 tons."Warehouses storing the rice will be open for inspection from February 2 to 10, 2016, said the official.
Exclusive News have been shared with written permission of ORYZA.com with thanks
Feb 01, 2016
Vietnam exported about 314,706 million tons of rice in January 1-28, 2016, up about 43% from around 220,388 tons rice exported in January 2015, and about half of around 760,993 tons of rice exported in December 2015, according to data from the Vietnam Food Association (VFA).
The average export price so far in January stands at about $404.5 per ton, down about 10% per ton from a year ago and down about 1% per ton from a month ago.
In 2015, Vietnam exported around 6.568 million tons, up about 4% from about 6.33 million tons of rice exported in 2014
USDA Post Forecasts Mexico MY 2015-16 Paddy Rice Production to Decline on Low Acreage
Feb 01, 2016
The USDA Post forecasts Mexico's MY 2015-16 paddy rice production at around 195,000 tons, down from around 261,000 tons in MY 2014-15 and down from USDA's official estimates of around 197,000 tons due to an expected decline in paddy rice area.
The Post estimates the MY 2015-16 paddy acreage to decline to around 33,000 hectares, down from around 44,000 hectares in MY 2014-15 and down from USDA's official estimates of around 34,000 hectares due to the impact of adverse weather conditions on the rice producing region of Tabasco. Cold weather reportedly damaged about 1,000 hectares of 2015 spring/summer crop.
The USDA Post forecasts MY 2015-16 rice stocks to decline to around 113,000 tons, down from last year's 152,000 tons and USDA's official estimates of around 114,000 tons.
Government of India Procures 24.47 Million Tons of Rice as So Far in KMS 2015-16, Up 24% from Last Year
Feb 01, 2016
The Food Corporation of India (FCI), the nodal agency for food grain procurement and distribution has procured around 24.47 million tons of rice so far in KMS 2015-16 (October 2015 - September 2016), up about 24% from around 19.66 million tons last year, the Economic Times quoted Food Ministry sources.
Paddy procurement is reportedly completed in Punjab and Haryana, and is on-going in Uttar Pradesh, Chhattisgarh, Andhra Pradesh and Telangana.
Paddy procurement is said to have increased in this season despite a likely reduction in production following poor monsoons. Food Ministry sources noted that the procurement has increased this year due to a decline in prices of common variety of rice in most markets. A Senior Food Ministry official is predicting that if the current trend continues, the overall rice procurement this year could surpass last year's procurement level of 32 million tons.
The government of India is planning to procure around 30 million tons of rice in the KMS 2015-16.
Recently, Food Ministry sources noted that the government of India provided an additional funding of Rs.10,000 crore (around $1.5 billion) 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.
The government of India fixed the minimum support price (MSP) of common variety of paddy at around $1,410 per quintal (around $208 per ton) and that of Grade A paddy at $1,450 per quintal (around $214 per ton) for the 2015-16 kharif season.
The Agricultural Ministry has projected the 2015-16 kharif (June - December) paddy rice output at around 90.61 million tons, down from last year's 90.86 million tons due to 14% fall in monsoon rains.
USDA Post Forecasts Brazil MY 2014-15 Milled Rice Production to Decline Due to Heavy Rains, Floods in Main Growing Areas
Feb 01, 2016
The USDA Post forecasts Brazil MY 2014-15 (April 2015 - March 2016) milled rice production to decline to 8.4 million tons, down from USDA's official estimates of around 8.465 million tons due to heavy rains and flooding in the main rice growing region of Rio Grande do Sul. However, the production is estimated to be above 8.3 million tons in MY 2013-14.
Initial reports forecasts losses of up to 15% of the crop in the state, but favorable weather following the floods helped to reduce the anticipated losses to an estimated 4%, says the Post. It estimates 2015-16 milled rice production to decline to 8 million tons due to increased input costs, like irrigation and electricity in 2015.
The USDA Post estimates 2014-15 imports at 450,000 tons, on par with USDA official estimates. It estimates 2014-15 rice exports at 1 million tons, up 18% from the previous year on a strong dollar incentivizing exports, accordign to the Post.
The Post forecasts 2014-15 rice consumption to increase slightly to around 8 million tons, unchanged from USDA's official estimates.
USDA Post Forecasts Brazil MY 2014-15 Milled Rice Production to Decline Due to Heavy Rains, Floods in Main Growing Areas
Feb 01, 2016
The USDA Post forecasts Brazil MY 2014-15 (April 2015 - March 2016) milled rice production to decline to 8.4 million tons, down from USDA's official estimates of around 8.465 million tons due to heavy rains and flooding in the main rice growing region of Rio Grande do Sul. However, the production is estimated to be above 8.3 million tons in MY 2013-14.
Initial reports forecasts losses of up to 15% of the crop in the state, but favorable weather following the floods helped to reduce the anticipated losses to an estimated 4%, says the Post. It estimates 2015-16 milled rice production to decline to 8 million tons due to increased input costs, like irrigation and electricity in 2015.
The USDA Post estimates 2014-15 imports at 450,000 tons, on par with USDA official estimates. It estimates 2014-15 rice exports at 1 million tons, up 18% from the previous year on a strong dollar incentivizing exports, accordign to the Post.
The Post forecasts 2014-15 rice consumption to increase slightly to around 8 million tons, unchanged from USDA's official estimates.
Government of Thailand Decides to File Civil Suits Against Fifteen Private Companies and Individuals in Rice Case
Feb 01, 2016
The government of Thailand has decided to file civil suits to seek compensation from 15 private companies and individuals for their involvement in the rice pledging scheme, local sources quoted the Deputy Prime Minister.
The Deputy Prime Minister told local sources that the government took the decision as the statute of limitation of the cases will expire at the end of next month.
He noted that the concerned authorities are working on the cases and have discussed the issue with the Office of the Attorney-General (OAG).
Recently, the OAG sued seven individuals for reportedly colluding with the former Commerce Minister related to a government-to-government (G2G) deal between the Thai and Chinese governments.
The rice pledging scheme, introduced by the previous government is estimated to have caused losses to the extent of about 500 billion baht (around $14 billion) to the government.
Separately, the President of the Thai Agriculturists Association (TAA) has urged the government to provide soft loans to the extent of 100,000 baht (around $2,810) to farmers who joined the rice plantation integration project, which was launched by the government to help small farmers integrate their rice fields and lower production costs.
Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Tumble as Week Starts on Bearish Note; Crude Crashes over 6% on Negative Outlook for China
Feb 02, 2016
Chicago rough rice futures for Mar delivery settled 34.5 cents per cwt (about $8 per ton) lower at $11.05 per cwt (about $243 per ton). The other grains finished the day lower; Soybeans closed about 0.2% lower at $8.8075 per bushel; wheat finished about 0.8% lower at $4.7525 per bushel, and corn finished the day about 0.2% lower at $3.7125 per bushel.
U.S. stocks traded lower Monday, weighed by declines in oil prices and continued softness in manufacturing data. Stocks and Treasury yields held little changed from earlier levels amid comments from Federal Reserve Vice Chairman Stanley Fischer that if recent volatility in global asset markets leads to "a persistent tightening of financial conditions, they could signal a slowing in the global economy that could affect growth and inflation in the United States." Earlier, European Central Bank President Mario Draghi reiterated in a speech the central bank will review and reconsider its policy stance in March. The Bank of Japan surprised markets Friday by adopting a negative interest rate policy. Traders also attributed some of the recovery to beginning-of-month inflows and some optimism on consumer spending as some consumer stocks tried for gains.
The major economic report for the week is the January nonfarm payrolls report, due Friday. European stocks trimmed losses but held lower as oil's decline and China data weighed. Asian stocks closed mixed, with the Nikkei 225 nearly 2% higher but the Shanghai composite down more than 1.5% and the Hang Seng off about half a percent. In afternoon trade Monday, the Dow Jones industrial average declined 116 points, or 0.7%, to 16,349. The S&P 500 traded down 13 points, or 0.7%, to 1,926, with energy leading eight sectors lower and utilities the top gainer. The Nasdaq composite declined 28 points, or 0.6%, to 4,585. Gold is seen trading about 1% higher, crude oil is seen trading about 5.7% lower, and the U.S. dollar is seen trading about 0.5% lower at about 1:15pm Chicago time.
Friday, there were 1,454 contracts traded, down from 935 contracts traded on Thursday. Open interest – the number of contracts outstanding – on Friday decreased by 522 contracts to 12,859.
Sri Lanka Increases Import Duty on Rice by 43% to $348 per Ton
Feb 01, 2016
The government of Sri Lanka has hiked the import duty on rice to around 50 rupees per kilogram (around $348 per ton) from around 35 rupees per kilogram (around $244 per ton) with effect from January 31, 2016, local sources quoted the Minister of Finance.
The government has reportedly hiked the duty on rice imports to ensure a fair price for rice in the market amid increasing paddy supplies in the market.
India May Soon Strike One Million Ton Rice Export Deal with Indonesia
Feb 01, 2016
The government of India is likely to strike a one million ton rice export deal worth Rs.3,000 crore (around $443 million) with Indonesia shortly, according to local sources.The Indian government will reportedly execute the export contract from the government stocks. The deal is the first major shipment from government stocks since 2003-04, when the government exported around 2.775 million tons of rice from the central pool. The government stopped exporting rice from the central pool since 2005-06.
Sources noted that though the Indonesian government sought for import of around 1.5 to 2 million tons, the Indian government agreed to export only one million tons.The Indian government is understood to sell rice at economic cost or procurement costs and freight, according to local sources. The economic cost of rice (of 2015-16 season) is Rs.32,580 (around $481) per ton for common variety and Rs.33,300 (around $492) per ton for higher grade, according to the Food Corporation of India (FCI) sources.
Indonesia's state logistics agency Bulog and India's public sector trading company Metals and Minerals Trading Corporation of India (MMTC) will reportedly execute the contract.
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) against the required buffer norms of around 7.61 million tons, according to the FCI.
Thailand Plans to Sell 500,000-600,000 Tons of Rice from Stockpiles in February 2016
Feb 01, 2016
The government of Thailand is planning to sell 500,000 to 600,000 tons of rice from stockpiles later this month; Reuters quoted the Commerce Ministry Permanent Secretary."The opening of the auction of 500,000 to 600,000 tonnes of rice will be divided in two lots," the official told reporters. "One lot would be Grade C for industrial use, including animal feed, and the second lot would be "good grade" rice for human consumption," she added.
The official said the interested parties can check the rice in warehouses after the Ministry announces the terms of reference. She assured that market prices of rice won't be affected due to the current auctions as paddy from the 2015-16 crop has already reached the market.The government currently holds about 13 million tons of rice in its stockpiles and it is reportedly planning to clear the stocks by the end of 2017.
Thailand Rice Sellers Increase Some of Their Quotes Today; Pakistan Rice Quotes Mixed
Feb 01, 2016
Thailand rice sellers increased their quotes for 5% broken rice, 25% broken rice and Hommali rice by about $5 per ton each to about $370-$380 per ton. $355-$365 per ton and $690-$700 per ton respectively today. Pakistan rice sellers increased their quotes for 25% broken rice by about $5 per ton to about $310-$320 per ton and lowered their quotes for 100% broken rice by about $5 per ton to about $285-$295 per ton. Other Asia rice sellers kept their quotes mostly 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 shown at around $350 - $360 per ton. India 5% rice is indicated at around $355 - $365 per ton, about $15 per ton premium on Pakistan 5% rice shown at around $340 - $350 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 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 $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 $320 - $330 per ton, on par with Vietnam 100% broken rice shown at around $320 - $330 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.
Update: Thailand to Auction 570,000 Tons of Stockpiled Rice on February 16 and 17, 2016
Feb 01, 2016
Thailand will sell 570,000 tons of stockpiled rice on February 16 and 17 for human consumption and industrial use, Reuters quoted the Commerce Permanent Secretary.She noted that: "the size of the first auction of "good rice" will be about 204,000 tons while the second lot will be about 360,000 tons."Warehouses storing the rice will be open for inspection from February 2 to 10, 2016, said the official.
Exclusive News have been shared with written permission of ORYZA.com with thanks
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