Thursday, February 25, 2016

6th january,2016 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

Sri Lanka Grants Duty Free Access to Pakistan Basmati Rice

Jan 05, 2016
Sri Lanka has granted duty free access to 102 products from Pakistan, including basmati rice, oranges and engineering goods, as part of a free trade agreement (FTA), according to Lanka Business Online.
The two countries have agreed to include services and investment chapters in the bilateral FTA, that was signed in 2005. They have reportedly agreed to offer preferential market access to each other’s' exports through tariff concessions.
The Premiers of the two countries finalized the extended bilateral FTA today in Colombo. They also signed 8 bilateral agreements in the fields of hydro power, cement, fishing and navel.
“This would enable our companies to form joint ventures for exports for third countries. Sri Lanka enjoys exceptional position of being the first country with which Pakistan entered into a FTA,” said the Pakistan Prime Minister.  “The present volume of trade does not reflect the true potential. We have agreed to re-liberate our efforts to realize the goal of achieving one billion dollars bilateral trade target at the earliest.” he added.
Italy's Piedmont Region to Tighten Controls on Organic Rice Growers
Jan 05, 2016
The administration of Italy's Piedmont region has decided to tighten controls on organic rice growing in order to prevent speculation against the consumers' confidence, according to local sources.
Organic rice in the European Union (EU) is generally grown according to specified practices, including the elimination of chemicals and the use of a crop rotation. Yields are low and prices are high for organic rice.
"We want farmers to continue to make organic rice, a real opportunities for them. We decided to tighten up controls to offer better guarantees, both for consumers and businesses in order. Those who try to be cunning must be punished: not it will be easier," the alderman for agriculture of Piedmont told local sources.
He noted that the tighter controls are needed because the organic rice farmers are found not to use all their farmland for organic rice. Nearly 90% of farmers use only part of their area for organic growing. Most of the organic rice farmers do not obtain resources from the Rural Development Plan and are controlled by private certification bodies, who determine whether the producers are meeting the organic standards. The region has decided to increase pressure on the private certification bodies to take a closer look at the organic rice growing practices, starting from sowing time. The analysis of samples will also include all active principles allowed in conventional farming.
The new standards will be prepared by the University of Turin. The monitoring bodies can start with the inspections in 2016, and are expected to give account to the Region.

Australian Weather Forecaster Predicts Chances of La Nina in Second Half of 2016

Jan 05, 2016

Australia's Bureau of Meteorology (ABM) has predicted that the current conditions of El Nino will return to neutral during the second quarter of 2016 with chances of La Nina occurrence in the second half of 2016, according to Bloomberg.
Most of the other El Nino-Southern Oscillation indicators also suggest that the current El Nino has peaked and will decline in the coming months.
La Nina is said to be an opposite phenomenon of El Nino and is often associated with a cooling in the equatorial Pacific Ocean. While El Nino brings droughts to Asia and South America, and heavy rains to the U.S., La Nina brings dry conditions to the U.S. and heavy rains to Australia and Indonesia. El Nino events are generally followed by La Nina events, according to the ABM. They are extreme phases of a naturally occurring cycle, according to the National Oceanic and Atmospheric Administration (NOAA) and both peak during the Northern hemisphere winter.
Analysts are predicting that a transition from a strong El Nino to a strong La Nina may lead to volatility in rice and other grains prices. Global rice prices were expected to increase due to likely lower production in the top rice producing countries, including India and Thailand. However, the effects of the current El Nino have not been properly factored by rice market due to lack of demand.

Experts Call for Curtailing $533 Million Annual Rice Wastage in Saudi Arabia

Jan 05, 2016

Experts noted that curtailing rice wastage of about 700,000 tons worth SR 2 billion (around $533 million) per year would help the economy significantly and keep rice prices in check, according to Arab News.
According to local sources, about 40% of the rice slated for domestic consumption is wasted because of banquets, celebrations and social occasions involving providing food for guests. Saudi Arabia is the largest rice consumer outside the East Asian countries with an annual consumption demand of about 1.4 million tons worth about SR 5 billion (around $1.3 billion). Saudi Arabia imports about 68% of its annual rice requirements.
Prices have been increasing due to increasing demand according to experts. In 2015, prices increased by about 5% to around 31 halala per kilogram (around 310 riyal or $82 per ton).
"Unscrupulous merchants, extravagant consumers, monopolization practices and alluding to a limited number of importers are the main reasons for such price hikes during past years," said the former Chairman of the Saudi Consumer Protection Association (CPA).
"It is a known economic fact that when demand is high, prices increase. The solution in this case is to rationalize consumption by raising awareness among people on the importance of saving and rationalizing in consumption,” said one of the country's leading economists.
Some youth organizations are striving to stop abundant food leftovers during social occasions.

Oryza U.S. Rough Rice Recap - Prices Edge Higher as Trade Activities Picks up in the New Year

Jan 06, 2016
The U.S. cash market was slightly firmer today with uptick in trade activity as both buyers and sellers showed a willingness to come off of their price ideas to get something done.
Colombian authorities announced today that they will hold a Tariff Rate Quota auction for 65,972 tons of export licenses on February 1 for shipment no later than June 30.
This is Col-Rice’s first auction in 2016 and the licenses will allow the successful bidders to export U.S. rice duty-free to Colombia.

Indonesia May Import 350,000 Tons of Rice in First Quarter of 2016

Jan 05, 2016

The government of Indonesia is planning to import 350,000 tons of rice in the first quarter of 2016 to enhance stocks and curb price hikes, Jakarta Globe quoted the Coordinating Minister for Economic Affairs.
The Minister told reporters that the government is also planning to rely on sugar, soybean and cattle imports in the first three months of 2016 to maintain the inflation within its 3-5% target.
"Information from [the Meteorological, Climatology and Geophysics Agency] and the Agriculture Ministry showed that we will likely experience food shortage at the end of February and March," he was quoted. "The situation will return to normal in April, as we can expect [a rice] harvest," he added.
Indonesia already imported one million tons of rice from Thailand and Vietnam in the last quarter of 2015. About 485,000 tons of rice has arrived in the country.
Last week, the Trade Minister also hinted at additional rice imports in the first quarter of 2016 though he did not mention the volume.
Stocks with the country's state logistics agency Bulog currently stand at about one million tons. According to data from the UN's Food and Agricultural Organization (FAO), average domestic rice prices have reached a high of Rp 10,633 per kilogram (around $784 per ton) in December and the government is undertaking rice market operations in an effort to stabilize rice prices at around Rp 8,300 per kilogram ($612 per ton), price at which Bulog normally sells rice to the public.
The USDA estimates Indonesia to import 1.6 million tons of rice in 2016, up from an estimated 1.4 million tons in 2015. It estimates Indonesia's paddy rice production to increase to around 57.165 million tons in 2016, up from around 56.315 tons in 2015.
Global Rice Quotes
January 5th, 2016
Long grain white rice - high quality
Thailand 100% B grade   360-370                ↑
Vietnam 5% broken        355-365                ↔
India 5% broken               355-365                ↔
Pakistan 5% broken        335-345                ↔
Myanmar 5% broken      410-420                ↔
Cambodia 5% broken     425-435                ↔
U.S. 4% broken                 475-485                ↔
Uruguay 5% broken        510-520                ↔
Argentina 5% broken     505-515                ↔
Long grain white rice - low quality
Thailand 25% broken      335-345                ↔
Vietnam 25% broken      345-355                ↔
Pakistan 25% broken      305-315                ↔
Cambodia 25% broken   400-410                ↔
India 25% broken             325-335                ↔
U.S. 15% broken               500-510                ↔
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%   680-690                ↔
Vietnam Jasmine             445-455                ↔
India basmati 2% broken              NQ         ↔
Pakistan basmati 2% broken       NQ         ↔
Cambodia Phka Mails     830-840                ↔
Brokens
Thailand A1 Super            315-325                ↔
Vietnam 100% broken   340-350                ↔
Pakistan 100% broken stxd          285-295                ↔
Cambodia A1 Super        355-365                ↔
India 100% broken stxd                 265-275                ↔
Egypt medium grain brokens      NQ         ↔
U.S. pet food     290-300                ↔
Brazil half grain NQ         ↔
All prices USD per ton, FOB vessel, oryza.com

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Rally as Cash Market Sees Uptick in Buying Interest and Firmer Grains Add Support

Jan 06, 2016
Chicago rough rice futures for Mar delivery settled 15.5 cents per cwt (about $3 per ton) higher at $11.925 per cwt (about $263 per ton). The other grains finished the day higher; Soybeans closed about 0.2% higher at $8.5725 per bushel; wheat finished about 0.7% higher at $4.6125 per bushel, and corn finished the day about 0.4% higher at $3.5300 per bushel.
U.S. stocks traded in a range Tuesday, attempting to steady after a sharply lower start to the year, as a decline in oil prices weighed. The major U.S. averages fluctuated between gains and losses. The Dow transports attempted gains after earlier falling to hit a fresh 52-week low. European stocks ended higher, but off session highs. Earlier, Dow futures recovered a decline of more than 100 points to trade about 20 points lower ahead of the market open, with traders noting support from gains in European stocks. Overnight, the Shanghai composite swung in a 4% range before closing down about 0.3%. The blue-chip CSI300 closed nearly 0.3% higher. The Hang Seng fell more than half a percent, while the Nikkei 225 was off about 0.4%.
The People's Bank of China (PBOC) injected nearly $20 billion into money markets, its largest cash injection since September, Reuters reported, noting traders suspected the PBOC was using state banks to prop up the yuan at the same time. In afternoon trade, the Dow Jones industrial average declined 63 points, or 0.38%, to 17,084. The S&P 500 traded down 2 points, or 0.13%, to 2,010, with energy leading six sectors lower and telecommunications the greatest advancer. The Nasdaq composite fell 14 points, or 0.29%, to 4,888. Gold is seen trading about 0.3% higher, crude oil is seen trading about 2.4% lower, and the U.S. dollar is seen trading about 0.5% higher at about  2:30pm Chicago time.
Monday, there were 986 contracts traded, up from 797 contracts traded on Thursday. Open interest – the number of contracts outstanding – on Monday decreased by 325 contracts to 13,476.

Seaweed Extracts can Enhance Rice Growth by 30%, Find Philippines Scientists

Jan 05, 2016

Scientists from the Philippine Nuclear Research Institute (PNRI) have found that extracts from seaweeds can boost rice production as well protect rice plants from major pests when they are treated with slight gamma radiation, according to a study published in the January edition of the Radiation Physics and Chemistry journal.
A team of scientists led by the Chief of PNRI's chemistry research section showed that the carrageenan-derived polysaccharide, a carbohydrate, enhances rice growth when degraded through a “very small dose” of gamma radiation. They developed the carrageenan plant food supplementor (CPFS), which is derived from carrageenan extracted from red edible seaweeds.
The PNRI scientist told reporters that the chemical arrangement of carrageenan can provide more agricultural benefits. The long-chain carrageenan polymer can be broken down into shorter chain fragments known as oligomers, which can be easily absorbed by plants to help their growth and development and also improve their resistance to diseases.
“Using gamma radiation, we were able to cut up the polymer into oligomers without using chemicals or complicated and expensive processes,” she says. The CPFS is nor radioactive and is a clean and add  additive-free method that is safe, non-toxic, environment friendly and, most of all, effective, she adds. The scientist noted that the new technology can increase rice yields by at least 30%.
She also notes that rice plants treated with CPFS have produced longer rice stems and panicles compared to conventional crops. CPFS also induces resistance against major rice pests such as rice tungro virus and bacterial leaf blight, she told.
A scientist at the at the National Crop Protection Center and who headed the field trials in Bulacan noted that three bags of chemical fertiliser per hectare combined with 200 parts per million or 20 millilitres per litre of CPFS yielded higher rice grain weight of 450 grams per 10 hills (mound of soil that is planted with seeds). On the other hand, the conventional farmers’ practice of applying nine bags of chemical fertiliser per hectare yields a grain weight of only 275 grams per 10 hills. 

 

Philippines Plans to Import More Rice from Vietnam and Thailand in 2016, Says NFA Administrator

Jan 05, 2016

The National Food Authority (NFA) of Philippines is planning to import more rice from Vietnam and Thailand in 2016 to ensure rice sufficiency throughout the country this year, local sources quoted the NFA Administrator.
He told reporters that the agency is planning to import at least 50,000 tons of rice from Vietnam and Thailand to ensure enough rice stocks in times of calamity or disaster that may occur this year.
“See to it that we have enough rice in time of calamities that can immediately be dispatched to various disaster councils and local government units,” the NFA official was quoted.
Last month, the official noted that the NFA was planning to finalize the volume and timing of the additional rice imports of about 300,000 - 400,000 tons approved by the NFA Council and the Cabinet Task Force on El Nino.

The NFA already imported 500,000 tons from Vietnam and Thailand for the first quarter of 2016. The Philippines imported around 1.8 million tons of rice in 2015.
New imports may push up Thai and Vietnam rice export quotes which have eased during December 2015 due to lack of demand. Thai 5% and Vietnam 5% rice quotes have declined to around $355 per ton and $360 per ton respectively in the new year from around $355 per ton and $375 per ton in the beginning of December 2015.

 

 

Thailand Rice Sellers Increase Their Quotes Today; Other Asia Rice Quotes Unchanged

Jan 05, 2016
Thailand rice sellers increased their quotes for 100% high quality rice and parboiled rice by about $5 per ton each to about $360-370 per ton and $355-$365 per ton, respectively, today. Other Asia rice sellers have kept their quotes unchanged today .                                
5% Broken Rice
Thailand 5% rice is indicated at around $345 - $355 per ton about $10 per ton discount on Vietnam 5% rice shown at around $355 - $365 per ton. India 5% rice is indicated at around $355 - $365 per ton, about $20 per ton premium on Pakistan 5% rice shown at around $335 - $345 per ton.
25% Broken Rice
Thailand 25% rice is indicated at around $335 - $345 per ton, about $10 per ton discount on Vietnam 25% rice shown at around $345- $355 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 $25 per ton discount to Vietnam 100% broken rice shown at around $340 - $350 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.a


Exclusive News have been shared with written permission of ORYZA.com with thanks

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