18 March 2016 daily exclusive oryza rice e-newsletter by riceplus magazine

Global Basmati Rice Market Analysis, Research, Growth, Trends and Industry Outlook 2016

The new report on QYResearchReports.com, titled ‘Global Basmati Rice Industry 2016 Market Research Report’, examines the global basmati rice market in detail. The report details data regarding the global market for basmati rice and the underlying industry for the period from 2010 to 2015. Furthermore, based on this accurate historical data, 2016 data for the basmati rice market is also supplied in the report.

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March 17, 2016 05:05 ET | Source: QY Research Reports

Albany, NY, March 17, 2016 (GLOBE NEWSWIRE) -- The report consists of primary and secondary research perused and dissected by experienced industry analysts, supplemented by expert opinions. This provides a detailed look into the insights to be obtained from the historical data regarding the market.
The report begins with an industry overview, consisting of definition and classification of basmati rice and its industry chain structure. Basmati rice, which is a long variety of rice, originated in the Indian subcontinent and has now become popular all over the world owing to its characteristic fragrance. The market for basmati rice thus has strong growth prospects in the coming years.
For more info, get a Sample PDF: http://www.qyresearchreports.com/sample/sample.php?rep_id=520767&type=E
The report includes analysis of the data regarding the global basmati rice industry in three tiers: first as the global level, then with the major broad regional markets highlighted, and then the most active national basmati rice markets described in detail.
The production and capacity of the basmati rice industry around the world is listed in the report’s examination of the global market. Production prices and their relation with the sales prices and profit margins in the global basmati rice industry are also examined in the market report. Supply and demand dynamics of the global basmati rice industry are also examined in the report, with the detailed study of the industry chain of the basmati rice market complementing the study of the economic factors in the report to present a detailed financial factsheet for established as well as new entrants in the global basmati rice market.
Asia, North America, and Europe are the three major regional segments of the global market for basmati rice. Asia leads the global basmati rice market, due to the traditional dominance of India and Pakistan in basmati rice production. The financial and production statistics for these three segments during the historical study period from 2010 to 2015 are provided in the report. Rounding off the geographical analysis of the global basmati rice industry is an overview of the Rest of the World market for basmati rice, which consists of major and rapidly evolving countries such as South Africa, Brazil, the GCC countries, Russia, and Argentina.
Browse Report description and TOC: http://www.qyresearchreports.com/report/global-basmati-rice-2016-market-research-report.htm
The national basmati rice markets in India, China, England, the U.S., and Thailand are examined in detail in the report, providing detailed data about the major basmati rice markets around the world.
The demand pattern and financial trends in the basmati rice industry are predicted for the period from 2016 to 2021. The report also profiles major players in the global basmati rice industry such as COFCO, Hamsons, Riviana, Charoen, Hai Rice, and Coocosun.
Related Report:

• China Basmati Rice Industry 2016 Market Research Report 

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Government of Mali Forecasts MY 2016-17 Paddy Rice Output to Increase 11% y/y to 2.7 Million Tons

Mar 17, 2016

The government of Mali forecasts MY 2016-17 (May - April) paddy rice output at around 2.712 million tons, up about 11% from around 2.451 million tons produced in 2015-16, Reuters quotes a government document.

Mali is reportedly planning to invest around 51 billion CFA francs (around $86.23 million) during the year to boost paddy rice production. Of this, about 37 billion CFA francs (around $62.56 million) will be used to purchase fertilizer and other inputs, as well as for improvements in irrigation facilities.

The government is expecting a surplus of around 484,617 in MY 2016-17. "The sale of this rice surplus could generate gross revenue of around 145.385 billion CFA francs (around $245.81 million) in favour of the producers," said the document.

Mali's paddy rice production in My 2015-16 fell short of the target by around 141,000 tons due to the late arrival of seasonal rains.

Mali is the second largest rice producing nation in Africa after Nigeria, and produces over 85% of the country’s domestic rice demand of about 1.65 million tons. USDA estimates Mali to produce 2.451 million tons or paddy (about 1.593 million tons, basis milled) in MY 2015-16 (October - September), up from last year's 2.168 million tons (around 1.409 million tons, basis milled). It estimates Mali to import 130,000 tons in 2016.

Myanmar Rice Prices Increase Sharply in February 2016 Due to Tighter Domestic Supplies, Says FAO

In a special report on Myanmar, the UN's Food and Agriculture Organization (FAO) says that Myanmar's average domestic rice prices increased about 37% in February 2016 due to tighter domestic supplies. The prices have actually declined during the harvest period between October and December 2015 after increasing sharply during August and September 2015 due to a strong depreciation of the Kyat, increasing exports and concerns of declining production due to floods.

The FAO reports that rice exports to China have increased significantly due to increasing Chinese demand as well as the ease with which rice can be transported to China. This also increased prices in Myanmar.

The UN agency estimates Myanmar's 2015 paddy production at around 27.5 million tons(including 22.81 million tons from the monsoon crop and around 4.678 million tons from the secondary crop) down about 3% from around 28.193 million tons in 2014. The decline in production is attributed to Cyclone Komen made landfall in Myanmar at the end of July 2015 causing extensive flooding to agricultural land, which remained submerged in some areas until September 2015. Once the water receded, a large portion of the flooded areas with paddy was replanted. Overall, the amount of irreversible damage was limited, says the FAO.

It estimates Myanmar's 2015 total rice area at around 7.052 million hectares, down from last year's 7.152 million hectares; and the average yield at around 3.9 tons per hectare, down from last year's 3.94 tons per hectare.

The FAO forecasts MY 2015-16 rice exports at around 1.55 million tons, down 4% from last year. Exports are expected to decline as the government may want to maintain consumption at normal levels following decline in production due to floods. However, the FAO expects larger volumes of rice are exported unofficially and due to the depreciation of the national currency, formal and informal exports to China are expected to remain steady.

USDA Post Forecasts Mexico MY 2015-16 Rice Imports to Slightly Decline y/y to 690,000 Tons

Mar 17, 2016

The USDA Post forecasts Mexico's MY 2015-16 (October - September) rice imports at around 690,000 tons, slightly down from around 698,000 tons last year, and down from USDA's official estimates of around 700,000 tons based on the import pace in the first four months of the marketing year. It forecasts Mexico's MY 2016-17 imports to increase to 750,000 tons.

The Post forecasts Mexico's MY 2015-16 paddy rice production at around 223,000 tons, down from around 261,000 tons last year, and up from USDA's official estimates of around 223,000 tons. It expects the planting area during the year at around 39,000 hectares, down from last year's 44,000 hectares, and up from USDA's official estimates of around 33,000 hectares. Production and planting area in MY 2016-17 are forecasted at around 240,000 tons and 42 hectares respectively.

Decline in production and planting area is attributed to  adverse weather conditions and the lack of planting different rice varieties than the usual “Philippine Miracle” variety traditionally planted in Mexico. Outbreak of a rice plague called "Sogata" is also one of the reasons for the decline in production. However, planting of more long-grain varieties, , efficient use of main and secondary canals for irrigation and drainage in rice arable areas, and electrification of irrigation systems for new rice areas are expected to increase production in MY 2016-17.

The Post forecasts Mexico's MY 2015-16 rice consumption to slightly decline from the previous year, but it forecasts consumption to increase next year due to an expected increase in population.

It forecasts MY 2015-16 and MY 2016-17 stocks at 123,000 tons and 156,000 tons respectively.

Oryza U.S. Rough Rice Recap - Prices Firm Slightly despite Worst Weekly Export Sales this Marketing Year

Mar 18, 2016

Analysts note that offers from buyers and resellers increased with the board today; however, most farmers insist that current prices are below their cost of production and they will need to stay on the sidelines until prices recover.
The USDA reported that cumulative net export sales for the week that ended on March 10 totaled 21,300 tons, a decrease of 85% from the previous week and 78% lower than the prior 4-week average.
Increases were reported for the following destinations:  9,800 tons to Mexico, 6,200 tons to Guatemala including 6,300 tons switched from unknown destinations and decreases of 100 tons, 4,800 tons to Panama, 2,400 tons to Canada, and 800 tons to Taiwan which was partially offset by reductions of 5,300 tons from unknown destinations.
U.S. rice exporters shipped 75,500 tons, an increase of 29% from than last week and 49% higher than the prior 4-week average.
Increases were reported for the following destinations: 32,500 tons to Mexico, 14,000 tons to Colombia, 6,600 tons to South Korea, 6,200 tons to Guatemala, and 5,400 tons to Panama.

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Find Follow-through Buying Interest as Some Market Participants See Bullish Turn in Market Direction

Mar 18, 2016

Chicago rough rice futures for May delivery settled 6 cents were cwt (about $1 per ton) higher at $10.545 per cwt (about $232 per ton). The other grains finished the day with mixed results; Soybeans closed about 0.4% higher at $8.9775 per bushel; wheat finished about 1.8% lower at $4.6250 per bushel, and corn finished the day about 0.1% higher at $3.6850 per bushel.

U.S. stocks traded higher Thursday, with industrial stocks leading as FedEx jumped more than 10% following a better-than-expected earnings report. A rise in oil also supported stocks, with U.S. crude oil futures briefly topping $40 a barrel for the first time since December. Energy was the third-best performer in the S&P 500 in midday trade. In economic news, leading indicators for February rose 0.1%. January's Job Openings and Labor Turnover Survey showed a separations rate of 3.4% versus a revised 3.6% in December, according to StreetAccount.

Weekly jobless claims came in at 265,000. The March Philly Fed index was 12.4 versus minus 2.8 for February. In afternoon trade, the Dow Jones industrial average traded up 154 points, or 0.9%, to 17,481. The S&P 500 traded up 13 points, or 0.67%, to 2,040, with materials leading nine sectors higher and health care the only decliner. The Nasdaq composite traded up 11 points, or 0.24%, to 4,775. Gold is seen trading about 2.8% higher, crude oil is seen trading about 3.6% higher, and the U.S. dollar is seen trading about 1.2% lower at about  1:00pm Chicago time.

Wednesday, there were 557 contracts traded, up from 288 contracts traded on Tuesday. Open interest – the number of contracts outstanding – on Wednesday decreased by 111 contracts to 12,384. 

Global Rice Quotes

March 18th, 2016

Long grain white rice - high quality

Thailand 100% B grade          380-390           ↔

Vietnam 5% broken    375-385           ↔

India 5% broken         365-375           ↔

Pakistan 5% broken    335-345           ↔

Myanmar 5% broken   420-430           ↔

Cambodia 5% broken             420-430           ↔

U.S. 4% broken           440-450           ↔

Uruguay 5% broken    445-455           ↔

Argentina 5% broken 435-445           ↔

Long grain white rice - low quality

Thailand 25% broken 355-365           ↔

Vietnam 25% broken 355-365           ↔

Pakistan 25% broken 305-315           ↔

Cambodia 25% broken           400-410           ↔

India 25% broken       335-345           ↔

U.S. 15% broken (sacked)      460-470           ↔

Long grain parboiled rice

Thailand parboiled 100% stxd            375-385           ↔

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%          670-680           ↔

Vietnam Jasmine         460-470           ↔

India basmati 2% broken        NQ      ↔

Pakistan basmati 2% broken   NQ      ↔

Cambodia Phka Mails             755-765           ↔

Brokens

Thailand A1 Super      335-345           ↔

Vietnam 100% broken            345-355           ↔

Pakistan 100% broken stxd    285-295           ↔

Cambodia A1 Super   345-355           ↔

India 100% broken stxd         265-275           ↔

Egypt medium grain brokens NQ      ↔

U.S. pet food 280-290           ↔

Brazil half grain          NQ      ↔

 

 

All prices USD per ton, FOB vessel, oryza.com

VFA Forecasts Vietnam to Export 1.3 Million Tons of Rice in First Quarter of 2016, Up 56% from Last Year

Mar 17, 2016

Vietnam's rice exports more than doubled to around 856,219 tons during the first two months of 2016 from around 425,980 tons exported during the same period last year. The General Secretary of the Vietnam Food Association (VFA) attributes this increase to the unexecuted orders from last year, according to Saigon News.

"There had been too many orders to handle last year, including some large government contracts with Indonesia and the Philippines," he was quoted. He noted that white rice exports almost increased five times from the same period last year. Exports of glutinous rice also surged due to high demand from China, and exports of fragrant rice continued to grow steadily due to increased demand from  China and Africa, he said.

He noted that the VFA is expecting Vietnam to export around 1.3 million tons of rice in the first quarter of 2016 as the number of unexecuted contracts is at around 1.4 million tons.

The official noted that stocks with exporters have fallen to 81,140 tons compared to around one million tons during the same time last year and so he is expecting them to buy more rice from farmers. Higher demand from exporters and an expectation of lower output from the winter-spring crop in the Mekong Delta is pushing up domestic prices, he said.

Last week, wholesale prices of IR50404 and OM 4900 rice varieties increased about VND 200-300 per kilogram (around $9 - $14 per ton) to around VND 6,700-6,800 per kilogram (around $305 - $309 per ton) and VND 7,600-8,000 per kilogram (around $346 - $364 per ton) respectively, according to local sources. Prices of IR50404 and OM 4900 paddy varieties also increased about VND 300-500 per kilogram (around $14-$23 per ton) to around VND 4,600-4,650 per kilogram (around $209 - $212 per ton) and VND 4,900-5,200 per kilogram (around $223 - $237 per ton) respectively.  Due to increasing prices, the VFA has decide not to purchase rice for temporary storage this year.

Export quotes of Vietnam rice have also increased over the last one week. Vietnam 5% and 25% broken rice exports have increased to around $380 per ton from around $370 per ton last week. Meanwhile, the MARD officials are expecting a stiff competition for Vietnam rice exports this year from India, Thailand and Pakistan.

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

Mar 17, 2016

Thailand rice sellers increased their quotes for 5% broken rice, parboiled rice, A1 super rice and Hommali rice by about $5 per ton each to around $370-$380 per ton, $375-$385 per ton, $335-$345 per ton and $670-$680 per ton respectively today . India rice sellers increased their quotes for 25% broken rice by about $5 per ton to around $335-$345 per ton. Other Asia rice sellers kept their quotes unchanged today.                      

5% Broken Rice

Thailand 5% rice is indicated at around $370 - $380 per ton, about $5 per ton discount to Vietnam 5% rice shown at around $375 - $385 per ton. India 5% rice is indicated at around $365 - $375 per ton, about $30 per ton premium on Pakistan 5% rice shown at around $335 - $345 per ton.

25% Broken Rice

Thailand 25% rice is indicated at around $355 - $365 per ton, on par with Vietnam 25% rice shown at around $355- $365 per ton. India 25% rice is indicated at around $335- $345 per ton, about $30 per ton premium on Pakistan 25% rice shown at around $305 - $315 per ton.

Parboiled Rice           

Thailand parboiled rice is indicated at around $375 - $385 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 $335 - $345 per ton, about $10 per ton discount to Vietnam 100% broken rice shown at around $345 - $355 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.

Italian Rice Research Center Arranges Guided Tours for Visitors on March 19-20, 2016

Mar 17, 2016

The Rice Research Center of Castello d'Agogna, managed by Ente Nazionale Risi (ENR), the National Agency for rice, will allow tour of the centre for visitors on March 19 and 20, 2016 on the occasion of the Italian Environmental Fund (FAI) Spring Days, according to local sources.

On Saturday 19, the center will allow visits from 2 pm to 5.30 pm; and on Sunday 20, from 10 am to 12.30 am and from 2 pm to 5.30 pm.

The visits will be guided by students of Professional high school "Ciro Pollini" and Scientific high school "Angelo Omodeo", both located in Mortara, assisted by the ENR staff. They will lead visitors through a guided tour that will highlight the research and experimentation carried out in the Center.

oryza news published with permission of ORYZA.All Credit goes to ORYZA.com