Brazil Rice Stocks Increase Slightly m/m to 92,276 Tons in March 2016
Apr 11, 2016
Brazil rice stocks stood at around 92,276 tons in March 2016, slightly up from around 92,260 tons in February 2016 and down about 31% from around 134,255 tons in March 2015, according to the country's national grain supplying agency Conab.
According to Conab, rice stocks with the Selling Option Contract of Agricultural Products (OPCAO) stood at around 51,879 tons in March 2016, unchanged from February 2016 and down about 36% from around 81,570 tons in March 2015.
Rice stocks with the Federal Government Acquisition (AGF) stood at around tons, slightly up from around 40,397 tons in February 2016 and down about 23% from around 52,213 tons in March 2015.
Rice stocks with farmers (Agricultural Familiar) were nil and unchanged from February 2016 and down from around 472 tons in March 2015.
Brazil 2015-16 Paddy Rice Production to Decline 10% y/y to 11.16 Million Tons on Lower Acreage, Says Conab
Apr 11, 2016
In its April 2016 forecast for rice production, Brazil’s National Grains Supply Company (Conab) forecasts the country's 2015-16 paddy rice production at around 11.167 million tons, down about 10% from an estimated 12.44 million tons in 2014-15. Conab's paddy production forecast is also slightly down from its March forecast of around 11.215 million tons.
Conab estimates Brazil's 2015-16 paddy rice acreage at around 2.023 million hectares, down about 12% from around 2.3 million hectares in 2014-15, and slightly down from its March forecast of around 2.029 million hectares. Rice acreage in the key rice growing area Centro-Sul region is forecast at around 1.466 million hectares, down about 6% from an estimated 1.556 million hectares in 2014-15, and slightly down from the last month’s forecast of around 1.48 million hectares. On the other hand, paddy rice acreage in the North/North east regions is forecast at around 560,000 hectares, down about 24% from an estimated 38,200 hectares in 2014-15, and down about 13% from the last month's forecast of around 1.469 hectares.
Conab estimates the average rice yield in Brazil in 2015-16 at around 5.52 tons per hectare, up about 2% from around 5.4 tons per hectare recorded in last year and slightly down from its March forecast of around 5.53 tons per hectare.
Pakistan Rice Exporters Plan to Increase Basmati Rice Exports to Iran by 20-30%
Apr 11, 2016
Pakistan rice exporters are planning to increase basmati rice exports to Iran by about 20-30% following the lifting of international sanctions, The News quoted industry sources.
The Rice Exporters Association of Pakistan (REAP) is likely to send a delegation to Iran later this month to seek more trade opportunities with the neighboring nation. The 26-member delegation comprising of trade traders will also discuss the issues related to the condition of good manufacturing practices certification with the Iranian authorities.
“We see rice exports to up 20 to 30 percent. The efforts are underway from both the sides to resolve the issues,” the REAP Chairman was quoted. He noted that resolution of certain issues like payment mechanisms would help Pakistan break the current monopoly of Indian aromatic rice in Iran. “We are eager to regain our lost share of basmati rice to India,” he added.
Pakistan rice exporters are reportedly waiting for the banks to accept letter of credits from Iranian buyers and the facility of discounting of bills drawn on Iranian buyers. The Pakistan Central Bank has earlier this year advised Pakistan banks to take needed measures for establishing banking relationship with Iranian banks.
Pakistan reportedly exported around 2,234 tons of rice worth $1.32 billion to Iran in FY 2014-15 (July-June). Iran imports more than $2 billion worth basmati rice annually.
The South Asian nation exported around 2.895 million tons of rice in the first eight months of FY 2015-16 (July 2015 - February 2016), up about 3% from around 2.55 million tons exported during the same period in FY 2014-15, according to provisional data from the Pakistan Bureau of Statistics (PBS).
Separately, the Union of Small and Medium Enterprises (UNISAME) has urged the Ministry of Commerce to speed up the revival of the basmati rice industry. The UNISAME President suggested that the government should facilitate basmati rice trade with third world countries. He noted that exporters should be encouraged to insure their transaction risk through the financing trade with third world countries by insuring the transaction risk through export credit guarantee insurance.
The Official also suggested that the government should reduce the withholding tax on rice exports and remove the export development surcharge. He also noted that a currency swap agreement with Iran would boost basmati rice exports to Iran.
Italian Farmer Discovers Purple Rice from Natural Hybridization
Apr 11, 2016
A young farmer in Vercelli area in Italy discovered a purple colour rice variety called "Violet Nori."
The birth of the variety was random and was from natural hybridization. The process almost took ten years, according to local sources.
The farmer noticed it in the field, and then decided to pick it up, select it and market it. The purple colour is due to the presence of anthocyanins.
The variety will be registered in the European Catalogue of varieties with the denomination of "Violet Nori."
Scientists Discuss Development of Hyper-Efficient High-Yielding Rice Variety
Apr 11, 2016
Scientists have gathered in Australian capital Canberra to discuss about research on developing more efficient rice, according to Weekly Times.
Under a project funded by the Bill and Melinda Gates Foundation, a global scientific team has begun a six-year research program to develop more productive rice varieties by supercharging them with genes from corn plants using genetic modification techniques to substantially increase their photosynthetic ability.
Scientists say photosynthesis rice plants normally exhibit C3 photosynthesis process, but photosynthesis process in C4 plants such as corn is more effective for increasing the yield even in extreme weather conditions like drought.
According to a Professor at the ARC Centre for Excellence in Translational Photosynthesis director at Australian National University in Canberra, produce 50% more yield than rice with the same amount of water, light, temperature and carbon dioxide in the air.
“The reason the C4 plants operate more efficiently than the C3 plants is because they have a biochemical supercharger which concentrates atmospheric carbon dioxide in specialised cells of the leaves and this results in double the rate of photosynthesis. They use about half as much nitrogen per carbon fix compared to our traditional crops, such as rice and wheat. They use less water and they can have up to fivefold higher growth than the C3 plants,” he said.
Scientists are now working to replicate the C4 process in a rice plant so that it will produce more yields and have greater drought-resistance.
Global Rice Quotes
April 12th, 2016
Long grain white rice - high quality
Thailand 100% B grade 380-390 ↔
Vietnam 5% broken 365-375 ↔
India 5% broken 370-380 ↔
Pakistan 5% broken 345-355 ↔
Myanmar 5% broken 415-425 ↔
Cambodia 5% broken 450-460 ↔
U.S. 4% broken 430-440 ↔
Uruguay 5% broken 435-445 ↔
Argentina 5% broken 425-435 ↔
Long grain white rice - low quality
Thailand 25% broken 360-370 ↔
Vietnam 25% broken 350-360 ↓
Pakistan 25% broken 310-320 ↔
Cambodia 25% broken 430-440 ↔
India 25% broken 330-340 ↓
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 345-355 ↔
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% 670-680 ↔
Vietnam Jasmine 440-450 ↓
India basmati 2% broken NQ ↔
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Mails 760-770 ↔
Brokens
Thailand A1 Super 330-340 ↔
Vietnam 100% broken 340-350 ↔
Pakistan 100% broken stxd 285-295 ↔
Cambodia A1 Super 345-355 ↔
India 100% broken stxd 275-285 ↔
Egypt medium grain brokens NQ ↔
U.S. pet food 315-325 ↔
Brazil half grain NQ ↔ All prices USD per ton, FOB vessel, oryza.com
Italy Releases List of Long A Paddy Varieties Grown Locally in 2015
Apr 11, 2016
The Ente Nazionale Risi, the National Agency for Rice, has released a list of long A paddy varieties grown in Italy in 2015, according to local sources.
About 60 varieties of Long A paddy varieties were grown in 2015. A total of 450,856 tons of Long A paddy was grown during the year.
The most productive ones were Volano (63,004 tons), Luna Cl (56,414 tons), Dardo (36,030 tons), Sant'Andrea (30,073 tons). On the other side, there were also some varieties such as Alba and Gigante with a very small productivity. Alba and Gigante totalled just 2 tons each last year.
The names of Italian long A varieties are: Aiace, Antares, Arborio, Archimede, Ariete, Augusto, Bacco, Barone Cl, Bertone, Cammeo, Caravaggio, Carnaroli, Carnise, Carnise precoce, Casanova, Catullo, Creso, Dardo, Elba, Ercole, Eurosis, Fedra, Fenice, Galileo, Generale, Gigante, Gloria, karnak, Keope, Kolorado, Lice, Loto, Luna Cl, Marisma, Meco, Nembo, Nemesi Cl, Neve, Onice, Opale, Pato, Poseidone, Presto, Proteo, Puma, Risrus, Roma, Rombo, Ronaldo, Sant'Andrea, Scirocco, teti, Ulisse, Unico (Cigno), Vasco, Volano.
Pakistan Basmati Rice Export Prices Decline 9% m/m in March 2016
Apr 11, 2016
Average Pakistan basmati rice export price has declined in March 2016, after increasing for three consecutive months, according to the UN's Food and Agriculture Organization (FAO).
In March 2016, average Pakistan's basmati rice export prices have declined by about 8.5% to around $681 per ton from around $745 per ton in February 2016, and down about 31% from their year-ago levels of around $985 per ton. In terms of local currency, average Pakistan basmati rice prices in March 2016 declined about 8% to around PKR 71,267 per ton from around PKR 77,110 per ton in February 2016, and down about 28% from around PKR 99,485 per ton in March 2015.
The average basmati rice exports declined about 24% to around $720 per ton in the first three months of 2016 from around $946 per ton during the same period last year.
Decline in prices can be attributed to a slowdown in demand.
Pakistan exported around 261,984 tons of basmati rice in the first eight months of FY 2015-16 (July 2015 - February 2016), down about from around 327,387 tons exported during the same period last year, according to provisional data from the Pakistan Bureau of Statistics (PBS).
Myanmar Hopes to Increase Rice Exports to 4 Million Tons by 2020
Apr 11, 2016
Myanmar is expecting to increase its rice exports to about 4 million tons by 2020 as more markets would be explored, according to Bernama citing China's Xinhua News Agency.
"We expect to export about two million tonnes for this fiscal year 2016-2017. Moreover, we expect the export to reach four million tonnes in 2020 if we can explore more markets," the Vice President of the Myanmar Rice Federation (MRF) was quoted.
As the MRF aims to seek new markets, he urged that newly appointed Agricultural Minister to sign
government-to-government agreements with foreign countries to boost rice exports.
He also noted that memorandum of understandings (MoUs) signed with China, Indonesia and the Philippines last year have expired and so he urged the ne Minister to amend these MoUs as well as sign a new MoU with Japan this year.
The Commerce Ministry data shows that Myanmar has exported about 1.037 million tons in the first eleven months of FY 2015-16, down about 17% from around 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.
Oryza U.S. Rough Rice Recap - Prices Slip as Traders Wait for IGB Results
Apr 12, 2016
The U.S. cash market was slightly weaker today with bids and offers falling with the futures market. Analysts note that market participants eagerly await the results of the latest Iraqi tender which will likely help determine U.S. prices in the near term.
The USDA estimates that as of April 10, 32% of the crop had been planted which was 9% ahead of this time last year and 6% ahead of the previous 5-year average. As of now, the USDA estimates that 33% of the rice crop in Arkansas had been planted compared to, 0% in California, 67% in Louisiana, 26% in Mississippi, 11% in Missouri, and 65% in Texas.
The USDA estimates that 12% of the crop has emerged which was 1% ahead of this time last year but 1% behind of the previous 5-year average. As of now, the USDA estimates that 3% of the rice crop in Arkansas has emerged compared to 0% in California, 47% in Louisiana, 3% in Mississippi, 0% in Missouri, and 44% in Texas
Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Start the Week out on a Negative Tone as Market Sees Double Digit Loss
Apr 12, 2016
Chicago rough rice futures for May delivery settled 10.5 cents were cwt (about $2 per ton) lower at $9.845 per cwt (about $217 per ton). The other grains finished the day with mixed results; Soybeans closed about 1.3% lower at $9.2825 per bushel; wheat finished about 2.8% lower at $4.4725 per bushel, and corn finished the day about 1.5% lower at $3.5675 per bushel.
U.S. stocks traded slightly higher Monday, helped by stabilization in oil prices and gains overseas, as investors awaited earnings season. Materials and financials led S&P 500 advancers while telecommunications and health care were among the greatest decliners. European stocks ended off session highs, while the STOXX Europe 600 Bank index outperformed. Fresh reports supported hopes the Italian government will soon form a plan to set up a state-backed fund that will buy bad loans held by the country's banks. The Shanghai composite jumped more than 1.6% amid some encouraging inflation data. No major U.S. data is due Monday. Retail sales and inflation data are expected later in the week. Asian stocks closed mixed overnight, with the Nikkei 225 falling 0.44% while the Shanghai composite gained more than 1.6%. In afternoon trade, the Dow Jones industrial average added 91 points, or 0.52%, to 17,668. The S&P 500 gained 8 points, or 0.4%, to 2,055, with materials leading six sectors higher and telecommunications the greatest decliner. The Nasdaq composite rose 23 points, or 0.25%, to 4,874. Gold is seen trading about 1.1% higher, crude oil is seen trading about 1% higher, and the U.S. dollar is seen trading about 0.2% lower at about 1:00pm Chicago time.
Friday, there were 1,605 contracts traded, up from 378 contracts traded on Thursday. Open interest – the number of contracts outstanding – on Friday increased by 124 contracts to 13,315.
Vietnam Rice Exports to African Destinations Decline Sharply in February 2016, Reports USDA Post
Apr 11, 2016
Vietnam has exported around 451,927 tons of rice in February 2016, up about 11% from around 508,153 tons exported in January 2015, and about 1.5 times from around 182,400 tons exported in February 2015, reports USDA Post based on data from the General Customs Office and the Vietnam Food Association (VFA). Vietnamese rice exports to African, American, European and Australian destinations declined sharply during the month.
Asia accounted for around 400,269 tons (about 88.5% of total rice exports by Vietnam in February 2016) during the month. Month-on-month, Vietnam's rice exports to Asian destinations increased about 24% from around 322,076 tons exported in January 2016. Year-on-year, they increased about 3.5 times from around 112,818 tons exported in February 2015.
Vietnam exported around 10,534 tons of rice to Africa (about 2.3% of total February 2016 exports) in February 2016, down about 88% from around 88,802 tons exported in January 2016, and down about 29% from around 14,798 tons exported in February 2015.
Vietnam exported around 33,123 tons of rice to American destinations (about 7.3% of January 2016 exports), down about 61% from around 84,732 tons exported in January 2016, and down about 2% from around 33,587 tons exported in February 2015.
Vietnam's exports to Australia (about 1.4% of February 2016 exports) declined about 33% to around 6,347 tons in February 2016 from around 9,464 tons exported in January 2016 and increased about 73% from around 3,659 tons exported in February 2015.
Vietnam's exports to Europe and CIS countries (about 0.3% of total February 2016 exports) accounted for around 1,654 tons in February 2016, down about 46% from around 3,079 tons exported in January 2016 and down about 91% from around 17,538 tons exported in February 2015.
In terms of grade, 5% broken rice exports accounted for around 97,586 tons (or, about 292% of total February 2016 exports); Jasmine rice exports accounted for around 48,434 tons (or, about 11% of total February 2016 exports); 15% broken rice exports accounted for around 186,134 tons (or, about 41% of total exports in February 2016); 25% broken rice exports accounted for around 70,055 tons (or, about 16% of total exports in February 2016); glutinous rice exports accounted for around 37,218 tons (or, about 8% of total February 2016 exports); and 10%, 100% and other varieties accounted for around 12,500 tons (or, about 3% of total exports in February 2016).
Thailand Rice Sellers Increase Some Their Quotes Today; Other Asia Rice Quotes Unchanged
Apr 11, 2016
Thailand rice sellers increased their quotes for 25% broken rice and Hommali rice by about $5 per ton each to around $360-$370 per ton and $670-$680 per ton respectively today. Other Asia rice sellers kept their quotes unchanged.
5% Broken Rice
Thailand 5% rice is indicated at around $370 - $380 per ton, about $5 per ton premium on Vietnam 5% rice shown at around $365 - $376 per ton. India 5% rice is indicated at around $370 - $380 per ton, about $25 per ton premium on Pakistan 5% rice shown at around $345 - $355 per ton.
25% Broken Rice
Thailand 25% rice is indicated at around $360 - $370 per ton, about $5 per ton premium on Vietnam 25% rice shown at around $355- $65 per ton. India 25% rice is indicated at around $335- $345 per ton, about $25 per ton premium on Pakistan 25% rice shown at around $310 - $320 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $370 - $380 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 $330 - $340 per ton, about $10 per ton discount to Vietnam 100% broken rice shown at around $340 - $350 per ton. India's 100% broken rice is shown at around $275 - $285 per ton, about $10 per ton discount to Pakistan broken sortexed rice shown at around $285 - $295 per ton.
ORYZA News have been published with permission of ORYZA.com with thanks
Apr 11, 2016
Brazil rice stocks stood at around 92,276 tons in March 2016, slightly up from around 92,260 tons in February 2016 and down about 31% from around 134,255 tons in March 2015, according to the country's national grain supplying agency Conab.
According to Conab, rice stocks with the Selling Option Contract of Agricultural Products (OPCAO) stood at around 51,879 tons in March 2016, unchanged from February 2016 and down about 36% from around 81,570 tons in March 2015.
Rice stocks with the Federal Government Acquisition (AGF) stood at around tons, slightly up from around 40,397 tons in February 2016 and down about 23% from around 52,213 tons in March 2015.
Rice stocks with farmers (Agricultural Familiar) were nil and unchanged from February 2016 and down from around 472 tons in March 2015.
Brazil 2015-16 Paddy Rice Production to Decline 10% y/y to 11.16 Million Tons on Lower Acreage, Says Conab
Apr 11, 2016
In its April 2016 forecast for rice production, Brazil’s National Grains Supply Company (Conab) forecasts the country's 2015-16 paddy rice production at around 11.167 million tons, down about 10% from an estimated 12.44 million tons in 2014-15. Conab's paddy production forecast is also slightly down from its March forecast of around 11.215 million tons.
Conab estimates Brazil's 2015-16 paddy rice acreage at around 2.023 million hectares, down about 12% from around 2.3 million hectares in 2014-15, and slightly down from its March forecast of around 2.029 million hectares. Rice acreage in the key rice growing area Centro-Sul region is forecast at around 1.466 million hectares, down about 6% from an estimated 1.556 million hectares in 2014-15, and slightly down from the last month’s forecast of around 1.48 million hectares. On the other hand, paddy rice acreage in the North/North east regions is forecast at around 560,000 hectares, down about 24% from an estimated 38,200 hectares in 2014-15, and down about 13% from the last month's forecast of around 1.469 hectares.
Conab estimates the average rice yield in Brazil in 2015-16 at around 5.52 tons per hectare, up about 2% from around 5.4 tons per hectare recorded in last year and slightly down from its March forecast of around 5.53 tons per hectare.
Pakistan Rice Exporters Plan to Increase Basmati Rice Exports to Iran by 20-30%
Apr 11, 2016
Pakistan rice exporters are planning to increase basmati rice exports to Iran by about 20-30% following the lifting of international sanctions, The News quoted industry sources.
The Rice Exporters Association of Pakistan (REAP) is likely to send a delegation to Iran later this month to seek more trade opportunities with the neighboring nation. The 26-member delegation comprising of trade traders will also discuss the issues related to the condition of good manufacturing practices certification with the Iranian authorities.
“We see rice exports to up 20 to 30 percent. The efforts are underway from both the sides to resolve the issues,” the REAP Chairman was quoted. He noted that resolution of certain issues like payment mechanisms would help Pakistan break the current monopoly of Indian aromatic rice in Iran. “We are eager to regain our lost share of basmati rice to India,” he added.
Pakistan rice exporters are reportedly waiting for the banks to accept letter of credits from Iranian buyers and the facility of discounting of bills drawn on Iranian buyers. The Pakistan Central Bank has earlier this year advised Pakistan banks to take needed measures for establishing banking relationship with Iranian banks.
Pakistan reportedly exported around 2,234 tons of rice worth $1.32 billion to Iran in FY 2014-15 (July-June). Iran imports more than $2 billion worth basmati rice annually.
The South Asian nation exported around 2.895 million tons of rice in the first eight months of FY 2015-16 (July 2015 - February 2016), up about 3% from around 2.55 million tons exported during the same period in FY 2014-15, according to provisional data from the Pakistan Bureau of Statistics (PBS).
Separately, the Union of Small and Medium Enterprises (UNISAME) has urged the Ministry of Commerce to speed up the revival of the basmati rice industry. The UNISAME President suggested that the government should facilitate basmati rice trade with third world countries. He noted that exporters should be encouraged to insure their transaction risk through the financing trade with third world countries by insuring the transaction risk through export credit guarantee insurance.
The Official also suggested that the government should reduce the withholding tax on rice exports and remove the export development surcharge. He also noted that a currency swap agreement with Iran would boost basmati rice exports to Iran.
Italian Farmer Discovers Purple Rice from Natural Hybridization
Apr 11, 2016
A young farmer in Vercelli area in Italy discovered a purple colour rice variety called "Violet Nori."
The birth of the variety was random and was from natural hybridization. The process almost took ten years, according to local sources.
The farmer noticed it in the field, and then decided to pick it up, select it and market it. The purple colour is due to the presence of anthocyanins.
The variety will be registered in the European Catalogue of varieties with the denomination of "Violet Nori."
Scientists Discuss Development of Hyper-Efficient High-Yielding Rice Variety
Apr 11, 2016
Scientists have gathered in Australian capital Canberra to discuss about research on developing more efficient rice, according to Weekly Times.
Under a project funded by the Bill and Melinda Gates Foundation, a global scientific team has begun a six-year research program to develop more productive rice varieties by supercharging them with genes from corn plants using genetic modification techniques to substantially increase their photosynthetic ability.
Scientists say photosynthesis rice plants normally exhibit C3 photosynthesis process, but photosynthesis process in C4 plants such as corn is more effective for increasing the yield even in extreme weather conditions like drought.
According to a Professor at the ARC Centre for Excellence in Translational Photosynthesis director at Australian National University in Canberra, produce 50% more yield than rice with the same amount of water, light, temperature and carbon dioxide in the air.
“The reason the C4 plants operate more efficiently than the C3 plants is because they have a biochemical supercharger which concentrates atmospheric carbon dioxide in specialised cells of the leaves and this results in double the rate of photosynthesis. They use about half as much nitrogen per carbon fix compared to our traditional crops, such as rice and wheat. They use less water and they can have up to fivefold higher growth than the C3 plants,” he said.
Scientists are now working to replicate the C4 process in a rice plant so that it will produce more yields and have greater drought-resistance.
Global Rice Quotes
April 12th, 2016
Long grain white rice - high quality
Thailand 100% B grade 380-390 ↔
Vietnam 5% broken 365-375 ↔
India 5% broken 370-380 ↔
Pakistan 5% broken 345-355 ↔
Myanmar 5% broken 415-425 ↔
Cambodia 5% broken 450-460 ↔
U.S. 4% broken 430-440 ↔
Uruguay 5% broken 435-445 ↔
Argentina 5% broken 425-435 ↔
Long grain white rice - low quality
Thailand 25% broken 360-370 ↔
Vietnam 25% broken 350-360 ↓
Pakistan 25% broken 310-320 ↔
Cambodia 25% broken 430-440 ↔
India 25% broken 330-340 ↓
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 345-355 ↔
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% 670-680 ↔
Vietnam Jasmine 440-450 ↓
India basmati 2% broken NQ ↔
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Mails 760-770 ↔
Brokens
Thailand A1 Super 330-340 ↔
Vietnam 100% broken 340-350 ↔
Pakistan 100% broken stxd 285-295 ↔
Cambodia A1 Super 345-355 ↔
India 100% broken stxd 275-285 ↔
Egypt medium grain brokens NQ ↔
U.S. pet food 315-325 ↔
Brazil half grain NQ ↔ All prices USD per ton, FOB vessel, oryza.com
Italy Releases List of Long A Paddy Varieties Grown Locally in 2015
Apr 11, 2016
The Ente Nazionale Risi, the National Agency for Rice, has released a list of long A paddy varieties grown in Italy in 2015, according to local sources.
About 60 varieties of Long A paddy varieties were grown in 2015. A total of 450,856 tons of Long A paddy was grown during the year.
The most productive ones were Volano (63,004 tons), Luna Cl (56,414 tons), Dardo (36,030 tons), Sant'Andrea (30,073 tons). On the other side, there were also some varieties such as Alba and Gigante with a very small productivity. Alba and Gigante totalled just 2 tons each last year.
The names of Italian long A varieties are: Aiace, Antares, Arborio, Archimede, Ariete, Augusto, Bacco, Barone Cl, Bertone, Cammeo, Caravaggio, Carnaroli, Carnise, Carnise precoce, Casanova, Catullo, Creso, Dardo, Elba, Ercole, Eurosis, Fedra, Fenice, Galileo, Generale, Gigante, Gloria, karnak, Keope, Kolorado, Lice, Loto, Luna Cl, Marisma, Meco, Nembo, Nemesi Cl, Neve, Onice, Opale, Pato, Poseidone, Presto, Proteo, Puma, Risrus, Roma, Rombo, Ronaldo, Sant'Andrea, Scirocco, teti, Ulisse, Unico (Cigno), Vasco, Volano.
Pakistan Basmati Rice Export Prices Decline 9% m/m in March 2016
Apr 11, 2016
Average Pakistan basmati rice export price has declined in March 2016, after increasing for three consecutive months, according to the UN's Food and Agriculture Organization (FAO).
In March 2016, average Pakistan's basmati rice export prices have declined by about 8.5% to around $681 per ton from around $745 per ton in February 2016, and down about 31% from their year-ago levels of around $985 per ton. In terms of local currency, average Pakistan basmati rice prices in March 2016 declined about 8% to around PKR 71,267 per ton from around PKR 77,110 per ton in February 2016, and down about 28% from around PKR 99,485 per ton in March 2015.
The average basmati rice exports declined about 24% to around $720 per ton in the first three months of 2016 from around $946 per ton during the same period last year.
Decline in prices can be attributed to a slowdown in demand.
Pakistan exported around 261,984 tons of basmati rice in the first eight months of FY 2015-16 (July 2015 - February 2016), down about from around 327,387 tons exported during the same period last year, according to provisional data from the Pakistan Bureau of Statistics (PBS).
Myanmar Hopes to Increase Rice Exports to 4 Million Tons by 2020
Apr 11, 2016
Myanmar is expecting to increase its rice exports to about 4 million tons by 2020 as more markets would be explored, according to Bernama citing China's Xinhua News Agency.
"We expect to export about two million tonnes for this fiscal year 2016-2017. Moreover, we expect the export to reach four million tonnes in 2020 if we can explore more markets," the Vice President of the Myanmar Rice Federation (MRF) was quoted.
As the MRF aims to seek new markets, he urged that newly appointed Agricultural Minister to sign
government-to-government agreements with foreign countries to boost rice exports.
He also noted that memorandum of understandings (MoUs) signed with China, Indonesia and the Philippines last year have expired and so he urged the ne Minister to amend these MoUs as well as sign a new MoU with Japan this year.
The Commerce Ministry data shows that Myanmar has exported about 1.037 million tons in the first eleven months of FY 2015-16, down about 17% from around 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.
Oryza U.S. Rough Rice Recap - Prices Slip as Traders Wait for IGB Results
Apr 12, 2016
The U.S. cash market was slightly weaker today with bids and offers falling with the futures market. Analysts note that market participants eagerly await the results of the latest Iraqi tender which will likely help determine U.S. prices in the near term.
The USDA estimates that as of April 10, 32% of the crop had been planted which was 9% ahead of this time last year and 6% ahead of the previous 5-year average. As of now, the USDA estimates that 33% of the rice crop in Arkansas had been planted compared to, 0% in California, 67% in Louisiana, 26% in Mississippi, 11% in Missouri, and 65% in Texas.
The USDA estimates that 12% of the crop has emerged which was 1% ahead of this time last year but 1% behind of the previous 5-year average. As of now, the USDA estimates that 3% of the rice crop in Arkansas has emerged compared to 0% in California, 47% in Louisiana, 3% in Mississippi, 0% in Missouri, and 44% in Texas
Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Start the Week out on a Negative Tone as Market Sees Double Digit Loss
Apr 12, 2016
Chicago rough rice futures for May delivery settled 10.5 cents were cwt (about $2 per ton) lower at $9.845 per cwt (about $217 per ton). The other grains finished the day with mixed results; Soybeans closed about 1.3% lower at $9.2825 per bushel; wheat finished about 2.8% lower at $4.4725 per bushel, and corn finished the day about 1.5% lower at $3.5675 per bushel.
U.S. stocks traded slightly higher Monday, helped by stabilization in oil prices and gains overseas, as investors awaited earnings season. Materials and financials led S&P 500 advancers while telecommunications and health care were among the greatest decliners. European stocks ended off session highs, while the STOXX Europe 600 Bank index outperformed. Fresh reports supported hopes the Italian government will soon form a plan to set up a state-backed fund that will buy bad loans held by the country's banks. The Shanghai composite jumped more than 1.6% amid some encouraging inflation data. No major U.S. data is due Monday. Retail sales and inflation data are expected later in the week. Asian stocks closed mixed overnight, with the Nikkei 225 falling 0.44% while the Shanghai composite gained more than 1.6%. In afternoon trade, the Dow Jones industrial average added 91 points, or 0.52%, to 17,668. The S&P 500 gained 8 points, or 0.4%, to 2,055, with materials leading six sectors higher and telecommunications the greatest decliner. The Nasdaq composite rose 23 points, or 0.25%, to 4,874. Gold is seen trading about 1.1% higher, crude oil is seen trading about 1% higher, and the U.S. dollar is seen trading about 0.2% lower at about 1:00pm Chicago time.
Friday, there were 1,605 contracts traded, up from 378 contracts traded on Thursday. Open interest – the number of contracts outstanding – on Friday increased by 124 contracts to 13,315.
Vietnam Rice Exports to African Destinations Decline Sharply in February 2016, Reports USDA Post
Apr 11, 2016
Vietnam has exported around 451,927 tons of rice in February 2016, up about 11% from around 508,153 tons exported in January 2015, and about 1.5 times from around 182,400 tons exported in February 2015, reports USDA Post based on data from the General Customs Office and the Vietnam Food Association (VFA). Vietnamese rice exports to African, American, European and Australian destinations declined sharply during the month.
Asia accounted for around 400,269 tons (about 88.5% of total rice exports by Vietnam in February 2016) during the month. Month-on-month, Vietnam's rice exports to Asian destinations increased about 24% from around 322,076 tons exported in January 2016. Year-on-year, they increased about 3.5 times from around 112,818 tons exported in February 2015.
Vietnam exported around 10,534 tons of rice to Africa (about 2.3% of total February 2016 exports) in February 2016, down about 88% from around 88,802 tons exported in January 2016, and down about 29% from around 14,798 tons exported in February 2015.
Vietnam exported around 33,123 tons of rice to American destinations (about 7.3% of January 2016 exports), down about 61% from around 84,732 tons exported in January 2016, and down about 2% from around 33,587 tons exported in February 2015.
Vietnam's exports to Australia (about 1.4% of February 2016 exports) declined about 33% to around 6,347 tons in February 2016 from around 9,464 tons exported in January 2016 and increased about 73% from around 3,659 tons exported in February 2015.
Vietnam's exports to Europe and CIS countries (about 0.3% of total February 2016 exports) accounted for around 1,654 tons in February 2016, down about 46% from around 3,079 tons exported in January 2016 and down about 91% from around 17,538 tons exported in February 2015.
In terms of grade, 5% broken rice exports accounted for around 97,586 tons (or, about 292% of total February 2016 exports); Jasmine rice exports accounted for around 48,434 tons (or, about 11% of total February 2016 exports); 15% broken rice exports accounted for around 186,134 tons (or, about 41% of total exports in February 2016); 25% broken rice exports accounted for around 70,055 tons (or, about 16% of total exports in February 2016); glutinous rice exports accounted for around 37,218 tons (or, about 8% of total February 2016 exports); and 10%, 100% and other varieties accounted for around 12,500 tons (or, about 3% of total exports in February 2016).
Thailand Rice Sellers Increase Some Their Quotes Today; Other Asia Rice Quotes Unchanged
Apr 11, 2016
Thailand rice sellers increased their quotes for 25% broken rice and Hommali rice by about $5 per ton each to around $360-$370 per ton and $670-$680 per ton respectively today. Other Asia rice sellers kept their quotes unchanged.
5% Broken Rice
Thailand 5% rice is indicated at around $370 - $380 per ton, about $5 per ton premium on Vietnam 5% rice shown at around $365 - $376 per ton. India 5% rice is indicated at around $370 - $380 per ton, about $25 per ton premium on Pakistan 5% rice shown at around $345 - $355 per ton.
25% Broken Rice
Thailand 25% rice is indicated at around $360 - $370 per ton, about $5 per ton premium on Vietnam 25% rice shown at around $355- $65 per ton. India 25% rice is indicated at around $335- $345 per ton, about $25 per ton premium on Pakistan 25% rice shown at around $310 - $320 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $370 - $380 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 $330 - $340 per ton, about $10 per ton discount to Vietnam 100% broken rice shown at around $340 - $350 per ton. India's 100% broken rice is shown at around $275 - $285 per ton, about $10 per ton discount to Pakistan broken sortexed rice shown at around $285 - $295 per ton.
ORYZA News have been published with permission of ORYZA.com with thanks
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