APEDA
RICE COMMODITY NEWS Wholesale
Basmati Rice Prices in India Continue to Fall on Sluggish Demand
Wholesale basmati rice prices in
the national capital are continuing to decline, owing to an adequate stocks
position against a low demand from retailers, according to the Press Trust of
India (PTI).
On March 4, 2016, prices of Pusa
1121 declined to around Rs.3,750 - 4,650 per quintal (around $558 - $692 per
ton) to from previous levels of around Rs.3,800 - 4,700 per quintal
(around $560 - $692 per ton).
Prices of common basmati declined
to around Rs.5,000 - 5,100 per quintal (around $744 - $759 per ton) from
previous levels of around Rs.5,100 - 5,200 per quintal (around $751 - $765 per
ton).
"Subdued demand from retailers
against adequate stocks position kept pressure on rice basmati," traders
were quoted as saying.
CBOT Rough Rice
Futures Recap - Chicago Rough Rice Futures Go Nowhere as Recent
Mar 05, 2016
Chicago rough rice futures for May
delivery settled unchanged at $10.505 per cwt (about $232 per ton). The other
grains finished the day higher; Soybeans closed about 1.7% higher at $8.7850
per bushel; wheat finished about 0.2% higher at $4.6075 per bushel, and corn
finished the day about 0.5% higher at $3.5825 per bushel.
U.S. stocks traded mostly higher
Friday as oil prices rose and the jobs report showed economic growth without
necessarily inducing the Fed to raise rates earlier. The major averages were on
pace for their first three-week win streak of 2016. The U.S. oil rig count
declined 8 to 392, according to Baker Hughes. U.S. crude oil futures traded
more than 3.5% higher near $35.80 a barrel as of 1:41 p.m. ET. The nonfarm
payrolls report released ahead of the open Friday showed creation 242,000 jobs
in February, topping expectations. The unemployment rate unchanged at 4.9%,
while labor force participation was 62.9%.A 0.1% monthly drop in average hourly
earnings lowered the year-on-year gain in earnings to 2.2%, Reuters said. With
Friday afternoon's gains, the Nasdaq composite traded within 10% of its 52-week
intraday high, out of correction territory on an intraday basis. The Dow Jones
industrial average and S&P 500 traded about 7 and 6%, respectively, below
their 52-week intraday highs, out of correction territory. In afternoon trade,
the Dow Jones industrial average gained 105 points, or 0.62%, to 17,048. The
S&P 500 traded up 14 points, or 0.71%, to 2,007, with materials leading all
10 sectors higher. The Nasdaq composite gained 33 points, or 0.71%, at 4,740.
Gold is seen trading about 0.4% higher, crude oil is seen trading about 3.6%
higher, and the U.S. dollar is seen trading about 0.2% lower at about
1:15pm Chicago time.
Thursday, there were 795 contracts
traded, up from 444 contracts traded on Wednesday. Open interest – the number
of contracts outstanding – on Thursday increased by 228 contracts to
11,893.
Bearish Move
Appears to be Coming to an End
Mar 05, 2016
Chicago rough rice futures for May delivery settled unchanged at
$10.505 per cwt (about $232 per ton). The other grains finished the day higher;
Soybeans closed about 1.7% higher at $8.7850 per bushel; wheat finished about
0.2% higher at $4.6075 per bushel, and corn finished the day about 0.5% higher
at $3.5825 per bushel.
U.S. stocks traded mostly higher Friday as oil prices rose and the
jobs report showed economic growth without necessarily inducing the Fed to
raise rates earlier. The major averages were on pace for their first three-week
win streak of 2016. The U.S. oil rig count declined 8 to 392, according to
Baker Hughes. U.S. crude oil futures traded more than 3.5% higher near $35.80 a
barrel as of 1:41 p.m. ET. The nonfarm payrolls report released ahead of the
open Friday showed creation 242,000 jobs in February, topping expectations. The
unemployment rate unchanged at 4.9%, while labor force participation was
62.9%.A 0.1% monthly drop in average hourly earnings lowered the year-on-year
gain in earnings to 2.2%, Reuters said. With Friday afternoon's gains, the
Nasdaq composite traded within 10% of its 52-week intraday high, out of
correction territory on an intraday basis.
The Dow Jones industrial average and S&P 500 traded about 7 and
6%, respectively, below their 52-week intraday highs, out of correction
territory. In afternoon trade, the Dow Jones industrial average gained 105
points, or 0.62%, to 17,048. The S&P 500 traded up 14 points, or 0.71%, to
2,007, with materials leading all 10 sectors higher. The Nasdaq composite
gained 33 points, or 0.71%, at 4,740. Gold is seen trading about 0.4% higher,
crude oil is seen trading about 3.6% higher, and the U.S. dollar is seen
trading about 0.2% lower at about 1:15pm
Chicago time.
Thursday, there were 795 contracts traded, up from 444 contracts
traded on Wednesday. Open interest – the number of contracts outstanding – on
Thursday increased by 228 contracts to 11,893.
Vietnam Rice
Sellers Increase Some of Their Quotes Today; Other Asia Quotes Unchanged
Mar 04, 2016
Vietnam rice sellers increased their quotes for 5% broken rice, 25%
broken rice and Jasmine rice by about $5 per ton each to around $360-$370 per
ton, $350-$360 per ton and $430-$440 per ton respectively. Other Asia rice
sellers kept their quotes unchanged today.
5% Broken Rice
Thailand 5% rice is indicated at around $360 - $370 per ton, on par
with Vietnam 5% rice shown at around $360 - $370 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 - $375per 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 $5 per ton discount to Vietnam 100% broken rice shown at around
$330 - $340 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.
Egypt Faces
Severe Rice Shortages Despite Adequate Production
Mar 04, 2016
Egypt is facing severe rice shortages despite an estimated one million
tons of rice surplus in the country as traders are holding back supplies in
expectation of higher prices, according to Reuters.
The Head of the Rice Committee of Egypt's Agricultural Export
Council told reporters that the country produced 3.75 million tons of rice in
2015 and carried over 700,000 tons of rice from 2014. After accounting for
consumption of 3.3 million tons, the country will have a surplus of more than
one million tons.
However, the government's failure to stockpile rice during the
harvest season has led to this situation, say experts. Currently, the
government is forced to increase prices to get rice from traders. The price
paid by the government has increased by about 50% in the past two months.
Expecting a surplus, the government has allowed the exports to
resume, but now traders are discouraging exports as well and are holding back
supplies in expectation of rising prices.
This situation has led to acute rice shortages in the country with
most of the underprivileged people not getting subsidized rice.
Experts are criticizing the Supplies Minister who refused to buy
any reserves during the harvest season saying government stocks were adequate
and the rice could be bought when needed.
The government is planning to take serious action on traders who
are resorting to hoarding, according to a government official.
Government of
India Engages Three Private Players in Food Grains Procurement for KMS 2015-16
Mar 04, 2016
The government of India has engaged three private players to
participate in the food grains procurement in the states of Uttar Pradesh,
Jharkhand and West Bengal for the KMS 2015-16 (October - September) season,
local sources quoted the Food Minister. Currently, the Food Corporation of
India (FCI) and the state agencies undertake procurement of food grains, which
are used for the public distribution system (PDS).
Based on the recommendations of high-level committee on the revamp
of the state-owned FCI, the government has decided to engage private players
for food grains procurement through competitive bidding process.
"These players have been engaged to expand the coverage of
minimum support price (MSP) operations to such identified clusters of
districts/parts of the district, where outreach of government agencies has been
weak and state governments have consented for FCI to engage the private
agencies to reach out to the paddy farmers for improvement," said the
Minister.
The Minister also noted that all necessary arrangements have been
made to monitor the private agencies. "The FCI will evaluate the
performance of private players and impose commensurate penalty on them for
their acts of omissions and commissions," he added.
All the three states have been reportedly divided into clusters and
are distributed between the three private players.
Based on the current procurement level, the government expects this
year's rice procurement to exceed the last year's level of 32 million tons.
Italian
Research Institute Develops Eco-Friendly System of Growing Rice
Mar 04, 2016
Italian research institute Arioli
Sas, based in Turin, has developed a new integrated technology system for
growing rice, according to the website http://www.terraevita.it/.
This system called 'mulching
technique' helps to reduce the use of chemical fertilizers.
It involves planting rice with a
pneumatic seed drill and application of degradable "eco-towels
mulching" on each side of the plant at 30-35 centimeters deep in the
ground using laying-towel machine. The towels are made of a special
"oxy-photo-degradable" polymer based on the 12 micron thick
polyethylene, with no terephthalates, in order to avoid accumulation in soils.
These towels decompose in the soil in 8-12 weeks and are limit the action of
oxygen and sunlight on the rice plants and prevent the growth of weeds near the
rice plants. Thus it eliminates the need for using chemical fertilizers.
However, this system is said to be
relatively costly and so not many farmers have not used it so far.
Vietnam
Rice Sellers Increase Some of Their Quotes Today; Other Asia Quotes Unchanged
Vietnam rice sellers increased
their quotes for 5% broken rice, 25% broken rice and Jasmine rice by about $5
per ton each to around $360-$370 per ton, $350-$360 per ton and $430-$440 per
ton respectively. Other Asia rice sellers kept their quotes unchanged today.
5% Broken Rice
Thailand 5% rice is indicated at
around $360 - $370 per ton, on par with Vietnam 5% rice shown at around $360 -
$370 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 - $375per 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 $5 per ton discount to Vietnam
100% broken rice shown at around $330 - $340 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.
Global
Rice Quotes
March 7th, 2016
Long grain white rice - high quality
Thailand 100% B grade 370-380
↑
Vietnam 5% broken 370-380 ↑
India 5% broken 370-380
↑
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 350-360 ↔
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 430-440
↔
India basmati 2% broken NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Mails 755-765 ↔
Brokens
Thailand A1 Super 325-335
↔
Vietnam 100% broken 335-345
↑
Pakistan 100% broken stxd 285-295
↔
Cambodia A1 Super 335-345 ↔
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
Exclusive News have been shared with written permission of
ORYZA.com with thanks
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