Asia Rice Quotes Unchanged Today
Asia rice sellers kept
their quotes unchanged Today.
5% Broken Rice
Thailand 5% rice is
indicated at around $365 - $375 per ton, about $15 per ton discount to Vietnam
5% rice shown at around $380 - $390 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, about $10 per ton discount to Vietnam
25% rice shown at around $365- $375 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 $370 - $380 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 $330 - $340 per ton, about $20 per ton discount
to Vietnam 100% broken rice shown at around $350 - $360 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.
Cambodian Foreign Minister Calls for
Malaysian Investments in Rice Milling Sector
Mar 29, 2016
Cambodia's Foreign
Minister has urged Malaysian businessmen to invest in the country's rice
milling sector as part of discussions with the Malaysian Ambassador to Cambodia
this week, according to Khmer Times.
“His excellency
[Foreign Minister] told the ambassador that Cambodian fields can produce four
million tons of rice to export. But Cambodia is facing the problem of lacking
rice mills to produce quality rice for exporting to foreign markets,” said the
Foreign Ministry spokesman.
He noted that
Malaysian investment in Cambodian sectors reached around $62 million in 2015,
up from around totalled $24 million in 2014.
Domestic rice millers
and exporters have been since long time urging the government to boost
investment in rice milling sector to enhance rice exports.
Cambodia exported
around 95,945 tons of milled rice in the first two months of 2016, up about 30%
from around 73,597 tons exported during the same period last year, according to
data from the Secretariat of One Window Service for Rice Export Formality
(SOWS-REF). Cambodia exported around 538,396 tons of milled rice in 2015
(January - December), up about 39% from around 387,061 tons exported during the
same period last year.
The government of
Cambodia aimed to increase official rice exports to one million tons in 2015
but missed the target due to inadequate milling facilities and infrastructure
as well as lack of access to funding.
Oryza U.S. Rough Rice Recap – Cash Prices Continue to Drop amid Weak Demand
Mar 30, 2016
The U.S. cash market
was weaker yet again today, falling with the futures market on continued soft
demand.
There were even reports of rice trading at the lowest levels seen this marketing despite limited farmer selling.
Analysts note that most farmers are preoccupied getting their crop planted and not interested in selling at the levels buyers are willing to pay today.
Going forward, all eyes will be on the USDA’s Rice Stocks and Prospective Planting Report that comes out on Thursday.
There were even reports of rice trading at the lowest levels seen this marketing despite limited farmer selling.
Analysts note that most farmers are preoccupied getting their crop planted and not interested in selling at the levels buyers are willing to pay today.
Going forward, all eyes will be on the USDA’s Rice Stocks and Prospective Planting Report that comes out on Thursday.
European Farmers Unions Call for Simplified Risk Management Tools Under EU
CAP
Mar 29, 2016
The European farmers unions
Copa and Cogeca have stressed on the need for protecting farmers against risks
such as higher market volatility, greater exposure to new animal and plant
diseases, as well as the impact of climate change.
The newly re-elected
Chairwoman of Copa and Cogeca Working Party said measures (such as insurance)
to help protect famers against these risks as well stabilize their incomes are
important.
“We need to intensify
work on risk management. It’s crucial to ensure a coherent approach with the
other working parties like cereals. We need to deepen innovation technology to
help develop the measures further," she said.
She aims to simplify
the risk management toolkit under the Common Agricultural Policy (CAP) Second
Pillar of Rural Development Policy. She also aims to cut red tape to ensure the
measures are more effective under the CAP simplification initiative.
The farmers unions
also stressed that such tools must complement the existing system of direct
payments and market management measures under the CAP.
Italy Urges European Commission to Apply Safeguard Clause to Zero Duty Rice
Imports
Mar 29, 2016
The Italian Minister
of Agriculture has submitted a document to the European Commission (EC) Rice
Committee urging it to apply duties to zero-duty EU rice imports from the Asian
Least Developed Countries (LDCs) through a safeguard clause to protect the
local rice sector, according to local sources. It says the EU rice "import
situation totally out of control."
According to the
document, the Ministry seeks to activate emergency measures to limit imports of
rice at zero duty. It states the aim is "to rebalance internal production
according to the real needs of the market. On this point Italy has already
required to restore normal duties through the activation of the safeguard
clause.”
The document states
that an increase in rice imports coupled with the slowdown in the volume of
Communitarian exports and low international prices, is creating surplus rice
supplies in the EU further leading to lower paddy market prices.
It also states that
total rice imports to EU, including those from the Asian LDCs under the
'Everything But Arms' agreement as well the other free trade agreements,
reached around 633,000 tons (milled equivalent) in the first six months of crop
year (cy) 2015-16 (September 2015 - February 2016), up about 112,000 tons
compared to the imports during the same period last year. It says the increase
in imports has already surpassed the EC's target increase of 97,000 tons for
the whole year.
Based on the EU data,
the document also says the EU stock level in cy 2015-16 is likely to reach
585,000 tons as against 440,000 tons in cy 2014-15, 472,000 tons in cy
2013-2014 , 540,000 tons in cy 2012-13, 494,000 tons in cy 2011-12 and cy
471,000 tons in 2010-11.
FAO Forecasts China MY 2015-16 Rice Imports to Decline 6% y/y to 5.8
Million Tons
Mar 29, 2016
The UN's Food and
Agriculture Organization (FAO) forecasts China's MY 2015-16 (June - May) rice
imports (both official and unofficial) to decline about 6% y/y to around 5.8
million tons due to government's efforts to limit informal imports. The FAO
forecasts china's total cereal imports in the 2015-16 marketing year to fall by
9% y/y to 28 million tons from last year's exceptionally high level due to
record 2015 harvests and large stocks.
The FAO forecasts
China's 2015 paddy rice output at around 208.25 million tons, up from around
206.507 million tons in 2014 due to favourable weather conditions.
Retail prices of
Japonica rice were stable in February 2016 mainly due to adequate
availabilities from the 2015 record production, according to the FAO. However,
prices were below their year-ago levels.
Global Rice Quotes
March 30th, 2016
Long grain white rice - high quality
Thailand 100% B grade 375-385
↔
Vietnam 5% broken 380-390
↔
India 5% broken 365-375
↔
Pakistan 5% broken 340-350
↑
Myanmar 5% broken 415-425
↓
Cambodia 5% broken 420-430
↔
U.S. 4% broken 440-450
↔
Uruguay 5% broken 435-445
↔
Argentina 5% broken 425-435
↔
Long grain white rice - low quality
Thailand 25% broken 355-365
↔
Vietnam 25% broken 360-370
↓
Pakistan 25% broken 310-320
↑
Cambodia 25% broken 400-410
↔
India 25% broken 335-345
↔
U.S. 15% broken (sacked) 470-480
↔
Long grain parboiled rice
Thailand parboiled 100% stxd 370-380 ↔
Pakistan parboiled 5% broken stxd NQ ↔
India parboiled 5% broken stxd 350-360 ↔
U.S. parboiled 4% broken 480-490
↔
Brazil parboiled 5% broken 490-510
↔
Uruguay parboiled 5% broken NQ
↔
Long grain fragrant rice
Thailand Hommali 92% 665-675
↓
Vietnam Jasmine 470-480
↓
India basmati 2% broken NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Mails 755-765
↔
Brokens
Thailand A1 Super 330-340
↔
Vietnam 100% broken 350-360
↔
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 315-325 ↔
Brazil half grain NQ
↔
All prices USD per ton, FOB vessel, oryza.com
Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Continue
to Fall as Market Looks Ready to Test $10.000/cwt; U.S. Grain Prices Move
Higher as Traders Await Thursday's USDA Reports
Mar 29, 2016
Chicago rough rice
futures for May delivery settled 12.5 cents were cwt (about $3 per ton) lower
at $10.065 per cwt (about $222 per ton). The other grains finished the day
higher; Soybeans closed about 0.9% higher at $9.1700 per bushel; wheat finished
about 1% higher at $4.7575 per bushel, and corn finished the day about 0.7%
higher at $3.7300 per bushel.
U.S. stocks traded
higher Tuesday as investors digested afternoon remarks from Fed Chair Janet
Yellen. The Dow Jones industrial average briefly traded 100 points higher,
after dipping 101 points in morning trade. In a question-and-answer session
following her speech, Yellen said there are risks, but "not all to the
downside." According to prepared remarks, Yellen said that economic
readings are mixed and it is appropriate to proceed cautiously. At 12:20 p.m.
ET, Yellen was scheduled to speak on the "Economic Outlook and Monetary
Policy" at the Economic Club of New York. Investors will scrutinize her
comments for indications on the timing of the next rate hike. Recent
policymaker comments have learned more hawkish than what came out of the March
meeting, which was more dovish than many expected. Overseas, major European
indexes closed mostly higher.
Asian equities closed
mostly lower, with the Shanghai composite off more than 1% and the Nikkei 225
about 0.2% lower. The Hang Seng closed up 0.1%.In early afternoon trade, the
Dow Jones industrial average gained 42 points, or 0.24%, to 17,577. The S&P
500 traded up 8 points, or 0.38%, to 2,044, with information technology leading
eight sectors higher and energy and financials the only decliners. The Nasdaq
composite rose 49 points, or 1.02%, to 4,815. Gold is seen trading about 1.5%
higher, crude oil is seen trading about 2.7% lower, and the U.S. dollar is seen
trading about 0.8% lower at about 1:45pm Chicago time.
Monday, there were 170
contracts traded, down from 848 contracts traded on Thursday. Open interest –
the number of contracts outstanding – on Monday increased by 14 contracts to
12,525.
USDA Post Forecasts Colombia MY 2016-17 Rice Imports to Decline 14% y/y on
Higher Production
Mar 29, 2016
The USDA Post
forecasts Colombia's MY 2016-17 (April - March) rice imports at around 320,000 tons,
slightly up from an estimated 300,000 tons last year due to an expected
increase in production.
The Post reports that
the U.S. market share could be challenged by new phytosanitary protocols for
MERCOSUR milled rice creating more sourcing options for importers. Usually,
Colombia imports more rice from neighboring countries. However, El Nino impacts
and trade limitations have resulted in lower imports from Ecuador and Peru.
Similarly, border issues with Venezuela have also reduced contraband rice flows
into Colombia. The table below shows Colombia rice imports by country in 2014
and 2015.
The USDA Post
forecasts Colombia's MY 2016-17 paddy rice production at around 2 million tons,
up from an estimates 1.985 million tons last year. Planting operations of the
first 2016 crop in February/early March were impacted by the El Nino weather
conditions. But the second 2016 crop may be benefited by the La Nina induced
rains.
The Colombian
Agriculture Minister’s “Planting Plan” (Plan Siembra) initiative aims to
increase the rice planting area by 100,000 hectares in 2016. access to
credit and technology and labor inputs, in addition to infrastructure
challenges with storage and milling capacity may pose challenges to the target.
The Post forecasts
Colombia's MY 2016-17 rice consumption to increase to 1.66 million tons from an
estimated 1.6 million tons last year due to a likely increase in population.
Thailand's Decision to Fully Fund High-Speed Rail Project not to Impact
Rice Deals with China, Says Minister
Mar 29, 2016
The Thai Commerce
Minister has assured that the rice and rubber deals with China won't be
affected due to a change in the investment pattern in the proposed Thai-Sino
high-speed rail project, according to Bangkok Post.
The Thai government
and the Chinese authorities signed a memorandum of understanding (MoU) in
December 2014 for one million tons of each of old and new grains as well as for
200,000 tons of rubber as part of the Thai-Sino high-speed rail plan.
Originally, a 845
kilometre route from Bangkok to Nong Khai and another from Kaeng Khoi in
Saraburi to Map Ta Phut in Rayong province were planned. But the government
changed the plan and decided to construct only the 250 kilometre Bangkok-Nakhon
Ratchasima section and wholly invest in the project without the need for China
to fund the project. Accordingly, it has decided to cut the size of big-ticket
infrastructure projects has been slashed to 1.5 trillion baht (around $42.5
billion) from 1.7 trillion baht (around $48.2 billion).
However, the
government of Thailand has reportedly decided to invest solely and fully fund
the proposed rail project but use the Chinese technology to build and operate
the system. He noted that the change in government's decision will not impact
the sales of 2 million tons of rice and 200,000 tons of rubber agreed earlier.
The Thai government
aims to sell over 2 million ton s of rice this year on a
government-to-government basis.
Vietnam Exporters Plan to Sell Rice to French Retail Group
Mar 29, 2016
Vietnam rice exporters
are planning to sell to France's second largest retail chain, according to http://lecourrier.vn.
Representatives of
about 27 Vietnamese rice producers and exporters met the import manager of the
group in Paris on March 24, 2016. He reportedly presented to Vietnamese
enterprises the types of agricultural quality standards required by his group.
He also explained about the rice import needs of the French market as well as
the European markets.
He noted that France
is one of the largest in Europe rice consumers with nearly 240,000 tonnes per
year. He advised Vietnamese enterprises to understand the habits and tastes of
French consumers, as well as issues related to the needs of the market, if they
want to export their products to France. He added that the Vietnamese fragrant
rice may have a market in France if quality is guaranteed.
Currently, France
imports mainly rice from India, Thailand and Cambodia, and also needs rice
flour. Vietnamese rice is not widespread in France, and Vietnamese producers
are keen on building their label on this market.
However,
representatives of Vietnamese companies expressed concern about the high tax
levied on Vietnamese rice, from 165 to 175 euros (around $185) per ton, in the
French market.
The Secretary General
of the Vietnam Food Association (VFA) added that Vietnam should pay special
attention to food hygiene and quality of its products to boost exports to
demanding markets. He expressed hope that the Vietnam - EU free trade agreement
(FTA) may help Vietnamese companies to gain market share in the French and
other EU markets.
Wholesale Basmati Rice Prices in India Rise on Increased Buying for
Stocking
Mar 29, 2016
Wholesale basmati rice
prices in the national capital increased today, owing to an increased buying
for stockpiling against restricted supplies from producing regions, according
to the Press Trust of India (PTI).
On March 29, 2016,
prices of Pusa 1121 increased to around Rs.4,250 - 5,200 per quintal (around
$637 - $779 per ton) from previous levels of around Rs.4,100 - 5,100 per
quintal (around $614 - $764 per ton).
Prices of common basmati increased
to around Rs.5,500 - 5,600 per quintal (around $824 - $839 per ton) from
previous levels of around Rs.5,300 - 5,400 per quintal (around $794 - $809 per
ton).
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