India
Rice Sellers Lower Some of Their Quotes Today; Other Asia Rice Quotes Unchanged
India rice sellers lowered their
quotes for 5% broken rice and 100% broken rice by about $5 per ton each to
around $365-$375 per ton and $260-$270 per ton respectively today. Other Asia
rice sellers kept their quotes unchanged today.
5% Broken Rice
Thailand 5% rice is indicated at
around $360 - $370 per ton, about $10 per ton discount to Vietnam 5% rice shown
at around $370 - $380 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 $350 - $360 per ton, on par with Vietnam 25% rice shown at around $350-
$360 per ton. India 25% rice is indicated at around $330 - $340 per ton, about
$25 per ton premium on Pakistan 25% rice shown at around $305 - $315 per ton.
Parboiled
Rice
Thailand parboiled rice is
indicated at around $365 - $375 per ton. India parboiled rice is indicated at
around $355 - $365 per ton, about $50 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, about $10 per ton discount to Vietnam
100% broken rice shown at around $335 - $345 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.
Tags:
Drought and Salt Water Intrusion
Damage More than 200,000 Tons of Rice in Vietnam, Says MARD
Mar 08, 2016
Vietnam's Ministry of Agriculture
and Rural Development (MARD) reports that the on-going drought and salt water
intrusion have damaged more than 200,000 tons of rice worth one trillion VND
(around $44.64 million), according to Radio Free Asia.
The MARD noted that salt water
intrusion appeared two months earlier than previous years due to lower water
levels in rivers. If the drought persists until June this year, the Ministry
expects about 500,000 hectares of rice crops to be at risk.
An expert from the Can Tho
University told reporters that drought and more upstream agricultural
development in Thailand, Cambodia and Vietnam are pushing up the saline levels
in rivers. Salinity in the Vam Co, Tien and Hau Rivers and other rivers in
Mekong Delta is reportedly higher than traditional levels.
Last month, the Deputy Prime
Minister announced 2.3 billion VND (around $103,132) aid for farmers in the Mekong
Delta region.
Meanwhile, exporters are worried
that a likely lower production due to drought an salinity may impact exports as
well. They say lack of water for irrigation has reduced the quality of
Vietnamese rice and its competitiveness against rice from other countries in
the region.
So far this year, Vietnamese rice
exporters have signed contracts to export more than 1 million tons. Vietnam
exported 856,219 tons of rice in first two months of 2016, up about 103% from
421,202 tons of rice exported during same period in last year, according to
data from the Vietnam Food Association (VFA).
In order to boost exports to
high-end markets, experts are stressing on the need to invest in improving rice
varieties, developing more large-scale fields, building trademarks, and
expanding trade promotion programs.
Global
Rice Quotes
March 9th, 2016
Long grain white rice - high quality
Thailand 100% B grade 370-380
↔
Vietnam 5% broken 365-375 ↓
India 5% broken 365-375
↔
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 350-360 ↔
Vietnam 25% broken 355-365 ↑
Pakistan 25% broken 305-315 ↔
Cambodia 25% broken 395-405
↔
India 25% broken 330-340
↔
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 355-365
↔
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% 660-670
↔
Vietnam Jasmine 450-460
↑
India basmati 2% broken NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Mails 755-765 ↔
Brokens
Thailand A1 Super 325-335
↔
Vietnam 100% broken 340-350
↑
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
Syria
Issues Tender to Buy 8,113 Tons of White Long-Grain Rice
Mar 08, 2016
Syria's General Foreign Trade
Organization (GFTO) has issued a tender to purchase 8,113 tons of white
long-grain rice of third class, according to a notice dated March 7, 2016, on
its website.
Rice is for delivery in three
tranches between June 15, 2016 to December 15, 2016. The schedule of delivery
is as below:
Offers should be submitted to GFTO
Secretariat by 3 p.m. Damascus time, March 22, 2016, according to the notice.
Tender closes on March 23, 2016 and the offers will be valid for 60 days from
closing date.
This is the third tender issued by
the GFTO this year. The first two tenders were also for 8,113 tons of white
long-grain rice each.
Oryza February 2016 Rice Market Review
Mar 09, 2016
The Oryza White Rice Index (WRI), a
weighted average of global white rice export quotes, ended the month of
February at $382 per ton, down about $4 per ton from a month ago and down about
$37 per ton from a year ago.
Thailand
Thailand 5% broken rice quotes
ended the month of February at about $360 per ton, down about $10 per ton from
a month ago and down about $45 per ton from a year ago.
The government of Thailand has sold
about 397,639 tons of stockpiled rice in the two auctions this year. 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. The Thai
military government has reportedly sold about 5 million tons of stockpiled rice
worth $1.5 billion since it seized power in May 2014. Separately, the Thai
Commerce Ministry is considering opening the auctions of stockpiled rice to foreign
bidders as part of its efforts to sell at least 5 million tons of rice from the
stockpiles this year.
Meanwhile, the government set
Thailand’s 2016 rice export target at about 9.5 million tons, down about 5%
from about 10 million tons exported in 2015, due to the impact of extended
drought conditions on this year's production. The USDA Post reports that
Thailand's 2015 rice exports declined about 11% to about 9.8 million tons from
about 11 million tons in 2014 mainly due to a sharp decline in parboiled rice
exports. The Post forecasts Thailand's 2016 rice exports to further decline to
about 8 million tons.
The USDA Post forecasts Thailand's
MY 2015-16 (January - December 2016) paddy rice production at about 24 million
tons, down from last year's 29.4 million tons and down from USDA's official
estimates of about 29.4 million tons due to a sharp reduction in off-season
rice acreage and production. Separately, Thailand's 2015-16 secondary rice crop
(January - June) acreage declined by about half to about 800,000 hectares due
to extending drought conditions, Bloomberg quotes Minister for Agriculture and
Cooperatives. Water levels in the country's dams stood at about 3.2 billion
cubic meters as of February 15, 2016 compared to about 6.8 cubic meters on November
1, 2015. Authorities have been discouraging rice farmers planting
the secondary rice crop due to insufficient water supplies. The
Prime Minister of Thailand said that the government is planning a new water
resource management system based on the current water demand and supply
conditions, as well as crop planning.
Vietnam
Vietnam 5% broken rice quotes ended
the month of February at about $360 per ton, up about $5 per ton from a month
ago and down about $10 per ton from a year ago.
Vietnam exported 856,219 tons of
rice in first two months of 2016, about double the 421,202 tons of rice
exported during same period in last year, according to data from the Vietnam
Food Association (VFA). Separately, Vietnam's Ministry of Industry and
Trade (MOIT) has urged the trade counsellors and domestic rice exporting
companies to reduce their dependence on China and expand into other markets
including Europe, Japan, South Korea and the U.S.
Meanwhile, the Vietnam Free Trade
Agreement (FTA) has been formally released in January 2016. The whole text will
be in force after a legal verification as well as ratification by the Council
of the European Union and the European Parliament. According to the Agreement
text, the EU will completely remove duties on about 80,000 tons of rice imports
annually from Vietnam, including 20,000 tons of husked rice imports, 30,000
tons of milled rice and 30,000 tons of aromatic rice imports. However, for
other rice products, it will gradually remove tariffs over the next five years.
Experts have warned that increasing
salt water intrusion in Vietnam is likely to impact the nation's rice
production and exports significantly
Cambodia, Myanmar, & Laos
Cambodia 5% broken rice quotes ended the month of February at about $415
per ton, down about $15 per ton from a month ago, and down about $20 per ton
from a year ago. Cambodia exported about 95,945 tons of milled rice in the
first two months of 2016, up about 30% from about 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). Month-over-month, Cambodia's rice
exports in February 2016 increased about 18% from about 44,033 tons in January
2016. Year-over-year Cambodia's rice exports in February 2016 increased about
38% from about 37,676 tons in February 2015. Meanwhile, Cambodian rice
exporters have expressed concern that Cambodia lacks a comprehensive rice
export policy, which they say could aid in boosting production and exports.
They noted that despite winning the world's best rice competition for three
consecutive years, the Cambodian rice industry continues to face challenges
such as access to finance, as well as inadequate irrigation, milling and
storage facilities. Cambodian rice exporters have also expressed concern that
Cambodian rice exports to the EU under the Everything But Arms (EBA) Agreement
would be impacted following the finalizing of the EU - Vietnam Free Trade
Agreement (FTA), under which the EU has agreed to scrap duties on about 80,000 tons
of Vietnamese rice annually. The EU reportedly accounts for about 40% of
Cambodia's total rice exports.
Myanmar 5% broken rice quotes ended the month of February at about $425
per ton, up about $5 per ton a month ago and up about $10 per ton from a year
ago. Myanmar's Ministry of Commerce is estimating the country's rice exports
will fall sharply in FY 2015-16 (April - March) based on the current pace of
exports. The Ministry data shows that Myanmar has so far in this fiscal year
exported about 1.037 million tons, down about 17% from about 1.255 million tons
exported during the same period last year. Myanmar exported 1.84 million tons
of rice in FY 2014-15, with China accounting for about 70% of the country's
exports. Meanwhile, officials from the Myanmar Rice Federation (MRF) urged the
government to consider securing reserve rice stocks this year amid concerns of
El Nino strengthening by the middle of this year. The MRF officials
reportedly suggested that the government purchase about 200,000 tons of rice
for reserves.
The government of Laos is
aiming to export one million tons of rice this year, local sources quoted the
Director of the Department of Planning and Cooperation under the Lao Ministry
of Agriculture and Forestry. In order to achieve the goal, the government
targets a production of about 4.2 million tons of paddy in the 2015-16 season,
according to the official.
India
India 5% broken rice quotes ended
the month of February at about $365 per ton, up about $5 per ton from a month
ago, and down about $30 per ton from a year ago.
The government of India forecasts
India's 2015-16 (July - June) milled rice output to decline about 2% to about
103.61 million tons from about 105.48 million tons in 2014-15. Meanwhile, the
USDA estimates India's MY 2015-16 rice production at about 100 million tons,
down from last year's 104.8 million tons and unchanged from USDA's official
estimates. The FAO forecasts India's 2015 paddy rice output to decline about 2%
to about 155.407 million tons from about 158.210 million tons in 2014 due to an
expected decline in secondary rabi rice crop (November - May).
The USDA forecasts India's exports
in MY 2015-16 (October - September) at about 8 million tons, down about 33%
from last year's 11.871 million tons and down from USDA's official estimates of
about 8.5 million tons. Meanwhile, the government of India is hoping to secure
a one million ton rice export deal with Indonesia, as the South East Asian
nation is likely to witness a fall in its rice production this year due to the
extending dry conditions. Separately, the Agricultural and Processed Food
Products Export Development Authority (APEDA) has made it mandatory for all
Indian rice mills/processing units exporting basmati rice to the U.S. to
register with India's plant quarantine organization, National Plant Protection
Organization (NPPO), to ensure quality rice exports to the U.S.
Paddy procurement by the Food
Corporation of India (FCI) and other government agencies in the 2015-16 kharif
marketing season (KMS) has reportedly reached about 28.412 million tons as on
March 02, 2016, up about 21% from about 23.42 million tons last year. The
government is targeting to procure about 30 million tons in KMS 2015-16.
An agricultural scientist has
advised all the state governments in India to promote and popularize black rice
cultivation, as it is full of therapeutic properties, according to The Hindu
BusinessLine. He says, black rice has anti-carcinogenic properties and is known
to arrest the growth of cancer cells. It also has anti-inflammatory properties.
Its anti-angiogenesic effects inhibit the formation of new blood vessels, which
encourage tumour growth. Presence of anthocyanins in black rice specifically
arrest growth of breast cancer cells, say researchers.
Pakistan
Pakistan 5% broken rice quotes
ended the month of February at about $340 per ton, down about $5 per ton from a
month and a year ago.
Pakistan exported about 2.445
million tons of rice (including 223,634 tons of basmati and 2.22 million tons
of non-basmati) in the first seven months of FY 2015-16 (July 2015 - January
2016), up about 11% from about 2.196 million tons (290,013 tons of basmati and
1.91 million tons of non-basmati) exported during the same period in FY
2014-15, according to provisional data from the Pakistan Bureau of Statistics
(PBS). Meanwhile, the Rice Exporters Association of Pakistan (REAP) has urged
the government to provide zero sales tax status to them as they are facing
severe liquidity crunch due to pending tax refund claims.
Separately, the State Bank of
Pakistan (SBP) has resumed banking ties with Iran allowing all commercial banks
and financial institutions in the country to restart business with their
Iranian counterparts.
The Variety Evaluation Committee
(VEC) under the Pakistan Agriculture Research Council (PARC) has selected 14
new rice hybrids for commercial cultivation in the country. The new varieties
are said to have yielded about 106 maunds per acre (about 10.6 tons per
hectare). It has advised the National Seed Council to push for their commercial
cultivation.
Bangladesh's Agriculture Ministry may import seeds of hybrid rice varieties
from India, the Daily Star quoted the Director General of the Ministry’s Seed
Wing. The Ministry is reportedly considering some popular rice varieties grown
in India, and imported by Bangladeshi farmers through border trade. Separately,
an agro processing, seed and crop solution company in Bangladesh has
collaborated with the Philippines-based International Rice Research Institute
(IRRI) to enhance varietal rice breeding in the country.
The government of Sri
Lanka, which has about 200,000 tons of surplus paddy rice, is
planning to export it to the Southern African nations, according to the Sunday
Times Sri Lanka. The government is also planning to clear the excess rice
stocks by distributing it among the recipients of its social welfare scheme
'Samurdhi.' The government of Sri Lanka is reportedly expecting paddy rice
output from the 2015-16 Maha crop (September - March) at about 2.93 million
tons, up about 7% from about 2.74 million tons last year.
The FAO estimates Bhutan's
MY 2015-16 (July - June) rice imports at about 70,000 tons. The agency
estimates Bhutan's 2015 paddy rice production to increase about 1% to about
78,000 tons from about 77,000 tons in 2014.
Philippines
The government of the Philippines
may not import rice for the lean season (July-September) this year due to
adequate stocks, the Manila Times reports. The country's Food Security
Committee (FSC) has reportedly deferred the plan to import about 400,000 tons
of rice for the lean season as the current rice inventories and the output from
the dry season are sufficient to cover the country's demand. Normally, the
government imports rice during lean months to ensure adequate stocks and to
curb price hikes.
Separately, a Senior Research
Fellow at the state-run Philippine Institute of Development Studies (PIDS) has
advised the government to consider imposing a 35% tariff on rice imports after
the WTO-imposed quantitative restrictions (QRs) on rice imports expire in July
2017, according to local sources.
The researcher noted that the
expiration of QRs would intensify competition among rice importers and foreign
suppliers leading to a fall in domestic prices and affecting the incomes of
local farmers and traders. The World Bank Lead Economist advised the government
of the Philippines to remove quantitative restrictions on rice imports and open
the rice import market to avoid unnecessary price increases and enhance the
efficiency of the rice sector.
The Philippines Department of
Agriculture (DA) is also targeting to cut the production cost of paddy rice by
about 22% to about P 8.50 per kilogram (about $178 per ton) from about P 11 per
kilogram (about $231) as part of its efforts to help farmers become more
competitive. Meanwhile, extending dry conditions due to the El Niño phenomenon
have damaged about 94,934 tons of rice worth P1.62 billion (about $24 million)
as of February 18, 2016 in the Philippines, Business Mirror quoted a report by
the Department of Agriculture (DA).
China
China imported about 287,200 tons
of rice in January 2016, about 2.3 times from about 122,400 tons imported
during the same period last year, according to data from China Customs General
Administration. Meanwhile, in January 2016, China exported about 22,200 tons of
rice, down about 20% from about 27,900 tons exported in December 2015 and up
about 15% from about 19,300 tons exported in January 2015.
Meanwhile, China is currently
facing rice storage problems due to the government's procurement policy at high
prices, according to experts, reports Caixin Online. Though the policy is very
attractive to farmers, they are now the victims as the state grain buying
agency Sinograin is not in a position to buy rice as all its warehouses are filled
up. While Sinograin's warehouses can hold up to 500,000 tons of rice annually,
it had to buy nearly 1.7 million tons of rice in 2013, 1.2 million tons in 2014
and 1.5 million tons in 2015.
Separately, the government of China
is planning to clear old rice and corn stocks and has asked local grains
administrations to recommend potential buyers of the stocks. Separately, China
is left with very few options to deal with its massive grain stockpiles, but
all outcomes are bad for global grain markets, a senior USDA official said.
The FAO forecasts china's MY
2015-16 (June - May) rice imports to decline about 6% y/y due to government's
efforts to limit informal imports. The agency forecasts China's 2015 paddy rice
output at about 208.25 million tons, up from about 206.507 million tons in 2014
due to favourable weather conditions.
Indonesia
The government of Indonesia is
targeting to produce about 76.22 million tons of paddy rice in 2016, up about
1.1% from an estimated 75.36 million tons in 2015, Reuters quoted the Director
General of Food Crops at the Agriculture Ministry. Separately, the Director of
procurement at the state logistics agency Bulog said that the country may not
import rice this year due to adequate stocks.
Meanwhile, the Indonesian
Agriculture Minister has highlighted the need to shorten the rice supply chain
in the country in order ensure fair prices to consumers as well as the farmers.
Latin America
Brazil’s National Grains Supply Company (Conab) forecasts Brazil's
2015-16 paddy rice production at about 11.5 million tons, down about 7.7% from
an estimated 12.44 million tons in 2014-15 due to a likely reduction in acreage
and yield. Conab's production forecast is also down about 1% from its
January forecast of about 11.63 million tons. Brazil rice stocks stood at about
110,388 tons in January 2016, down about 4% from about 115,126 tons in December
2015 and down over 50% from about 240,544 tons in January 2015, according to
Conab.
Brazil exported about 96,050 of
rice in January 2016, up about 37% from about 69,913 tons exported in January
2015, according to data released by the Rice Institute of Rio Grande do Sul
(IRGA).
Five percent broken rice from Uruguay
and Argentina
quotes ended the month of February at about $440 per ton, down about $30 per
ton from a month ago and down about $160 per ton from a year ago.
The USDA Post forecasts Argentina's
MY 2015-16 (December 2015 - November 2016) paddy rice production at about 1.262
million tons, down about 17% from an estimated 1.523 million tons in MY 2014-15,
and down from the USDA's official estimates of about 1.431 million tons. The
Post forecasts Argentina's 2016 rice exports to increase to about 520,000 tons
from an estimated 400,000 tons in 2015.
The USDA Post forecasts Peru's
MY 2016-17 (April - March) milled rice imports at about 220,000 tons, unchanged
from the previous year. USDA is yet to publish its official estimates. The Post
reports that Peru imported about 237,987 tons of rice in the calendar year (CY)
2015. The Post estimates that some 50,000 MT of paddy rice were unofficially
exported from Peru to Ecuador in CY 2015.
Bolivia's 2015 paddy rice production increased by about 25% to about
472,000 tons from about 378,000 tons in 2014, according to the FAO.
U.S.
U.S. 4% broken rice quotes ended
the month of February at about $460 per ton, down about $10 per ton from
a month ago and down about $20 per ton from a year ago.
The USDA lowered the U.S. all rice
paddy average farm prices to about $242.51-$255.73 per ton from its last
month's forecast of $279.98 - $302.03 per ton, based on reported prices to date
and expectations regarding prices for the remainder of the market year.
Separately, The Chicago Mercantile
Exchange (CME) is considering cutting trading hours for rice futures as well as
changing its delivery instrument from warehouse receipts to shipping
certificates.
Africa
The government of Rwanda
may stop importing rice by 2018 as part of its efforts to reduce the bulging
trade deficit, according to local sources. Rwanda imported about $37 million
worth rice in 2015 compared to about $31.1 million in 2014. The country 's
trade deficit stood at about $1,761.3 million in 2015. Higher deficit is
attributed to a fall in the country’s exports due to falling global prices.
The FAO estimates Tanzania's
MY 2015-16 (July-June) rice imports at about 100,000 tons.
It estimates Tanzania's 2015 paddy
rice production to decline about 7% to about 2.4 million tons from about 2.586
million tons in 2014. In Tanzania, rice is a Msimu/unimodal crop and is grown between
November – June every year.
Europe
The EU imported about 583,986 tons
of rice during the period September 1, 2015 - February 23, 2016, up about 18%
from about 493,787 tons imported during the same period last year.
Meanwhile, the European Union (EU)
total milled rice production (Japonica and Indica) is estimated at about 1.772
million tons in the marketing/crop year (MY) 2015-16 (September 2015 - August
2016), up about 8% from an estimated 1.637 million tons in MY 2014-15,
according to the latest balance sheet published by the EU Directorate General
for Agriculture and Rural Development (EU-DGARD).
Other Markets
The FAO forecasts Iran
to import about 1.2 million tons of rice in 2015-16 (April-March) despite an
increase in 2015 paddy rice production. The agency estimates Iran's 2015 paddy
rice production to increase by about 17% to about 2.7 million tons from about
2.3 million tons during the previous year.
The FAO forecasts South
Korea to import 440,000 tons of rice in 2016. The agency
estimates South Korea's 2015 paddy rice production at about 5.8 million tons,
up about 2% from about 5.638 million tons in 2014 due to favourable weather
conditions, which boosted yields to an all-time record of 7.2 tons per hectare.
Separately, the government of South Korea is planning to purchase about 157,000
tons of rice from local farmers next month as part of its efforts to stabilize
prices, Yonhap News quotes a ruling party lawmaker. It will reportedly spend
about 140 billion won (about $113.6 million) for the purpose. Meanwhile, the
government of South Korea is planning to sell old rice from its stocks to
animal feed industry as part of efforts to handle increasing rice inventory and
declining consumption as well as to reduce corn imports, Yonhap News quoted the
Agriculture Ministry.
The FAO forecasts Japan's
MY 2015-16 (April - March) rice imports at about 700,000 tons. The agency
forecasts Japan's 2015 paddy rice production at about 10.2 million tons, down
about 5% from 10.77 million tons in 2014 due to a reduction in the paddy area
reflecting a decline in prices. Separately, Japanese rice traders are expecting
the country to import more rice this year due to an increase in domestic
prices.
The USDA has estimated Malaysia's
milled rice imports to increase to about 1.05 million tons in MY 2015-16
(January 2016 - December 2016), up about 5% from about one million tons in MY
2014-15 due to an expected slight increase in local demand. In 2015, Malaysia
imported about one million tons of rice worth $515 million. The agency
estimates Malaysia's MY 2015-16 milled rice production to remain stable at last
year's level of about 1.8 million tons due to the prevailing of dry weather
conditions in 2015. Meanwhile, the FAO forecasts Malaysia's 2015 paddy rice
production at a record 2.7 million tons, up about 2% from about 2.645 million
tons in 2014 despite a slight contraction in paddy area due to favourable
weather conditions, increased yields and continued government support to the
rice sector.
The Australian Bureau of Agricultural
and Resource Economics and Sciences (ABARES) forecasts Australia's MY 2015-16
(April 2015 - March 2016) paddy rice production to decline to about 305,000
tons (about 240,950 tons, basis milled), down about 58% from an estimated
724,000 tons (about 570,380 tons, basis milled) in MY 2014-15.
Ukraine's 2016 rice output is expected to increase about 12% due to an
expected increase in acreage by about 23%, local sources quoted the Director of
the National Scientific Center "Institute of Agrarian Economics."
February Tenders:
Syria has issued a tender to
purchase 8,113 tons of white long-grain rice of third class.
South Korea issued a tender to buy
about 40,000 tons of non-glutinous rice in tenders for delivery between May 31,
2016 and June 30, 2016; and bought about 25,000 tons of rice of the U.S. and
Indian origins.
Iraq is seeking to buy about 30,000
tons of rice in tenders from the U.S., Uruguay and Argentina.
The Mauritius’ state purchasing
agency has issued an international tender to purchase up to 6,000 tons of
long-grain white rice.
Taiwan has completed the 2016 U.S.
rice Simultaneous Buy and Sell (SBS) tender of 35,600 tons at the first
scheduled held on February 18.
Research and Scientific
Development:
The President of India has
highlighted the need for more research in developing climate-resilient rice
varieties, which can withstand extreme weather conditions such as droughts,
floods and cyclones.
Researchers from the University of
Vertinary and Animal Sciences have found means to replace wheat bran with rice
husk in animal feed industry.
The USDA's Grain Inspection,
Packers and Stockyards Administration (GIPSA) is developing a new software
called "Rice Studio," which can be used along with consumer-grade
photo scanners, to grade rice by measuring the percentage of broken kernels in
milled rice quickly and accurately.
A group of scientists from twelve
universities in eight countries are working to develop a new hyper-efficient,
drought-resistant rice variety known as C4.
South Korea's Rural Development
Administration is planning to encourage local companies to produce medicines
and other health products using black rice as it contains one of the highest
levels of anthocyanin antioxidants, which act as anti-cancer agents.
Researchers from the Philippine
Rice Research Institute (PhilRice) have adapted the loop-mediated isothermal
amplification (LAMP) technique, which has been proven useful in detecting
viruses in animals and humans, to detect viruses in rice plants.
Indian scientists are trying to
develop rice varieties that can yield rice in drought conditions.
Researchers from the University of
Western Australia have launched a plant proteins database called Crop Proteins
with Annotated Locations (CropPAL) to help scientists to get more targeted
information on breeding new rice varieties.
The Life+Ebro-Admiclim project
carried out by the researchers at the Institute of Research & Technology
Food & Agriculture (IRTA) in Spain aims to reduce the emission of
greenhouse gases in rice fields.
A scientist from the University of
Philippines in Los Baños is developing a mechanical device called Mechanical
Postharvest Pest Removal System (MPReS) to easily remove pests from rice and
corn in an environment-friendly manner.
Cambodian Rice Federation Reiterates Need for
Government Intervention to Protect Local Farmers and Millers
Mar
08, 2016
Members of the Cambodian Rice
Federation (CRF) have written a letter to the Commerce Ministry to effectively
deal with the challenges faced by the local rice sector, according to the Khmer
Times.
The CRF letter follows a letter
from a group of millers and exporters called the Rice Industry Strategic Key
Solution (RISKS) to the Ministry. Last week, the group had written to the
Ministry urging it to act quickly on the issues faced by the country's rice
sector. They also warned in the letter that if the government does not take
immediate steps, most of the exporters and millers are likely to become
bankrupt very soon. The mainly highlighted on increasing imports from Vietnam
and lack of finance facilities to traders and exporters.
The letter by the Federation urged
the Ministry to act quickly on the above issues. According to the letter, the
CRF has identified short-, medium- and long-term solutions for the problems
faced by the rice sector.
In the short-term, the CRF has
asked the government to curb rice imports from Vietnam by mandating all rice
importers to have import licenses. In the medium- and long-term, the CRF stated
that the government should address problems of paddy storage facilities, high
interest rates on loans and high electricity costs for millers.
“It has a huge impact on Cambodian
farmers, consumers and rice millers. It is not too late to act now, but it will
be too late if the recommendations of the rice millers and exporters are not
taken into account and implemented soon,” said one of the top rice exporters.
The CRF President noted that the
federation is committed to working closely with the government, relevant
ministries and stakeholders to resolve the issues facing the rice sector.
Oryza CBOT Rough Rice Futures Recap - Chicago
Rough Rice Futures Fall as Traders Make Adjustments to Holdings ahead of USDA
S&D Report
Mar
09, 2016
Chicago rough rice futures for May
delivery settled $0.165 cents were cwt (about $4/ton) lower at $10.535 per cwt
(about $232 per ton). The other grains finished the day higher; Soybeans closed
about 0.3% higher at $8.8450 per bushel; wheat finished about 0.5% higher at
$4.6525 per bushel, and corn finished the day about 0.4% higher at $3.6050 per
bushel.
U.S. stocks held lower in choppy
trade Tuesday after weaker-than-expected Chinese trade data renewed concerns
about global growth. The major averages came well off session lows in midday
trade as gains in utilities, telecoms and consumer staples offset declines in
energy. China's exports fell 25.4% year-over-year in February, more than
expected and the largest since May 2009, according to Reuters. The trade
surplus was at $32.59 billion in February, versus analysts' expectations of a
$50.15 billion surplus. Analysts largely attributed the sharp drop in the data
to a slowdown in business activity around the early February Lunar New Year
holidays,
Reuters said. Exports for the first
two months of the year were still down 17.8% and imports off 16.7% from the
same period last year.
The data also showed China's February crude
oil imports jumped 20% on year to their highest ever on a daily basis, driven
by import quotas and stockpiling. In afternoon trade, the Dow Jones industrial
average declined 25 points, or 0.15%, to 17,048. The S&P 500 traded down 9
points, or 0.47%, at 1,992, with energy leading six sectors lower and consumer
staples leading advancers. The Nasdaq composite declined 17 points, or 0.38%,
to 4,681. Gold is seen trading about 0.1% lower, crude oil is seen trading
about 4.2% lower, and the U.S. dollar is seen trading about 0.1% higher at
about 2:30pm Chicago time.
Monday, there were 677 contracts
traded, up from 352 contracts traded on Friday. Open interest – the number of
contracts outstanding – on Monday increased by 70 contracts to 11,919.
Losses from Thai Rice Pledging Scheme Higher
Than Previous Estimates, Says Government Official
Mar
08, 2016
The Finance Ministry committee that
is looking into the accounts of the rice pledging scheme, introduced by the
previous government, has reported that the actual losses from the scheme are
higher than the earlier estimates of around 680 billion baht (around $19
billion), according to local sources.Following the second meeting with the
committee this year, the Permanent Secretary of Finance told reporters that the
losses have crossed the earlier estimated figure due to the deterioration of
the stockpiled rice and falling rice prices. He also noted that the losses may
be higher than the initial predictions if the interest rates and the rental
fees are also taken into account. He affirmed that no rice had gone missing from
the stockpiles.
The official, however, did not
reveal the details of the scheme's total losses and costs. The committee's
report is likely to be presented to the National Rice Policy Commission next
week.
It is likely that the committee's
report may be used as evidence as the former Prime Minister and former Commerce
Minister in the rice pledging case.
Oryza U.S. Rough Rice Recap - Prices Drop as
South American Tender Offers Come in Well under U.S. Origin
Mar
09, 2016
The U.S. cash market was weaker
today after offers for the latest Iraqi tender were announced showing that yet
again the U.S. was uncompetitive against South American origins.
Analysts note that the cheapest
offer from the U.S. was $93 per ton more expensive than the cheapest offers
from Argentina and $64 per ton more expensive than the cheapest offer from
Uruguay.Adding to today’s bearish sentiment was the news that Argentina sold
15,000 MT of 5% broken bulk white rice to Mexico at $450 per ton CFR Veracruz.
Mexico is the U.S.’s main export
market and analysts note if the U.S. loses substantial market share in that
country it could be devastating to U.S. prices.
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