Brazil Paddy Rice Index Increases Slightly from Previous Week
The Brazilian paddy
rice index maintained by the Center for Advanced Studies on Applied Economics
(CEPEA) reached around 39.7 real per 50 kilograms as of April 15, 2016, up
about 0.25% from about 39.6 real per 50 kilograms recorded a week ago.
In terms of USD, the
index reached around $227.3 per ton on April 15, 2016, up around 1% from around
$225.6 per ton recorded a week ago.
Month-on-month, the
index has decreased around 1% from around 39.99 real per 50 kilograms recorded
month ago. In terms of USD, the index increased around 7% during the month.
Thailand Rice Sellers Increase Their Quotes Today; Vietnam Rice Quotes
Mixed
Thailand rice sellers
increased their quotes for 5% broken rice, 25% broken rice and A1 super rice by
about $5 per ton each to around $380-$390 per ton, $365-$375 per ton and
$340-$350 per ton respectively today. Vietnam rice sellers increased their
quotes for Jasmine rice by about $20 per ton to around $460-$470 per ton and
lowered their quotes for 100% broken rice by about $5 per ton to around
$335-$345 per ton today. India Pakistan rice sellers kept their quotes
unchanged.
5% Broken Rice
Thailand 5% rice is
indicated at around $380 - $390 per ton, about $15 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 $365 - $375 per ton, about $15 per ton premium on Vietnam
25% rice shown at around $350- $360 per ton. India 25% rice is indicated at
around $325- $335 per ton, about $15 per ton premium on Pakistan 25% rice shown
at around $310 - $320 per ton.
Parboiled
Rice
Thailand parboiled
rice is indicated at around $380 - $390 per ton. India parboiled rice is
indicated at around $335 - $345 per ton, about $70 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 $340 - $350 per ton, about $5 per ton premium on Vietnam
100% broken rice shown at around $335 - $345 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 U.S. Rough Rice Recap – Prices Firm as Grains Rally
Apr 20, 2016
The U.S. cash market
was firmer today with offers from resellers increasing with the futures market
which got a lift from large gains in soybeans and wheat today as well as
support from a stronger Brazilian Real.
Analysts note that
with farmer’s planting their crop well ahead of last year and the prior 5 year
average it increases the likelihood that this year’s crop will be substantially
larger than last year however if the bean rally continues we could see some
marginal rice acreage shift to beans.
In the end, the market will need
greater export demand to move old crop to make room for a larger new crop
although a few more sales to Iraq or Venezuela could help relieve that
pressure.
Percentage of Defects in Grains Needed to Determine Quality of Rice Under
Italian Laws
Italian laws specify
that along with the values of overall yield and whole grains, the percentages
of different types of defects in the grains should be considered to determine
the quality and the value of each batch of paddy rice, according to local
sources.
Laws specify several
defects that should be considered. Also, the percentage of each defect must be
determined on the entire milled rice batch; then its percentage weight is
specified for each 100 grams. The laws also specify a maximum tolerance rate
for each defect.
The following defects
are listed under the Italian laws: red striated grains, natural deformities,
varietal impurities, damaged grains, not completely gelatinized grains and
pecked grains.
Local sources say
under Italian laws, determining the presence of varietal impurities is easier,
because the mixtures of different varieties were forbidden, and rice can only
be marketed with the name of the variety on the package.
Domestic Rice Prices Fall on Weak Chinese Demand
Apr 19, 2016
Vietnam domestic
prices, which increased earlier this month on higher demand from China and
concerns of drought cutting the output, have started to fall over the last two
weeks, reports Bloomberg citing local sources.
The price of IR50404
rice fell to around 6,700-6,800 dong per kilogram (around $304 - $308) from
around 7,200-7,300 dong per kilogram (around $327 - $331) two weeks ago. The
price of IR50404 paddy fell to around 4,500-4,600 dong per kilogram (around
$204 - $209) from around 5,000-6,000 dong per kilogram (around $227 - $272) two
weeks ago.
Traders say earlier
price increases have prompted Chinese companies to cut purchases again leading
to a fall in prices.
Rice Area in Vietnam's Mekong Delta Declined 16.7% Over Last One
Year, Show Satellite Reports
Apr 19, 2016
Reports by Europe’s
Sentinel-1A satellite have shown that rice area in Vietnam's Mekong River Delta
(MRD) has declined about 276,000 hectares or about 16.7% between mid-March 2015
and mid-March 2016 due to the impact of El Nino phenomenon, according to www.spacedaily.com quoting an official
from France's CESBIO institute.
According to the
official, rice fields at different growth stages have been mapped by
Sentinel-1A nearly every 12 days since October 2014 and rice area data between
mid-March 2015 and mid-March 2016 was compared to assess the impact of El Nino
on MRD.
Since the end of 2015,
dry conditions associated with El Nino have severely impacted South East Asia,
in particular in Vietnam's Mekong Delta. River water levels have reached their
lowest levels in last 90 years in many places, causing more severe and earlier
salt water intrusion than previous years.
The Sentinel-1 mission
is helping to map and monitor rice production. It carries an advanced radar
that can see through all weather conditions - essential in cloud-prone South
East Asia - and is highly sensitive to changes in waterlogged ground such as
rice paddies.
"The frequent
observations by Sentinel-1 over the main rice production areas and its free
access make the mission an indispensable asset for rice monitoring in the
region," said the official.
Sentinel-1 is a
two-satellite mission. The first satellite, Sentinel-1A, studies the rice areas
for every 12 . Its sister Sentinel-1B will be launched on 22 April, 2016
allowing for more frequent updates on rice.
Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures
Find Support from Broad Based Rally across U.S. Grain Prices
Apr 20, 2016
Chicago rough rice
futures for May delivery settled 10 cents were cwt (about $2 per ton) higher at
$10.360 per cwt (about $228 per ton). The other grains finished the day sharply
higher led by a continued rally in soy; Soybeans closed about 3.3% higher at
$9.9475 per bushel; wheat finished about 2.8% higher at $4.9425 per bushel, and
corn finished the day about 1.2% higher at $3.8950 per bushel.
U.S. stocks traded in
a range Tuesday, amid a rise in oil prices, as declines in tech stocks weighed
after major earnings reports. U.S. crude oil futures for May delivery held more
than 2.5% higher near $41 a barrel as of 12:47 p.m. ET. After the settle
Wednesday, the contract rolls to June, which was trading near $42.25 a barrel.
European stocks were more than 1% higher, with the German DAX outperforming
with gains of more than 2%. Germany's ZEW institute's latest Indicator of Economic
Sentiment rose for the second month in a row in April to 11.2 points. In
Asia, the Nikkei 225 rebounded with gains of more than 3.5%, while the Hang
Seng rose 1.3% and the Shanghai composite closed about 0.3% higher. In economic
news, housing starts fell a more-than-expected 8.8% in March to a seasonally
adjusted annual pace of 1.09 million units, the lowest level since October,
according to Reuters, citing the Commerce Department. Building permits dropped
7.7% to a 1.09 million-unit rate last month, the lowest level since March last
year. In midday trade, the Dow Jones industrial average declined 16 points, or
0.09%, to 17,987. The S&P 500 declined 2 points, or 0.12%, to 2,091, with
information technology leading five sectors lower and energy the top advancer.
The Nasdaq composite declined 43 points, or 0.88%, to 4,916. Gold is seen
trading about 1.6% higher, crude oil is seen trading about 2.7% higher, and the
U.S. dollar is seen trading about 0.6% lower at about 1:00pm Chicago
time.
Monday, there were
2,204 contracts traded, up from 2,203 contracts traded on Thursday. Open
interest – the number of contracts outstanding – on Monday decreased by 227
contracts to 12,098.
Vietnam Rice Exports Expected to Reach Eight
Year Low Due to Drought
Drought in
Vietnam is threatening the country's rice production in turn affecting its
ability to export rice to its traditional importers such as the Philippines.
According to an article in Bloomberg, Vietnam's rice exports are expected to
fall about 10% y/y to below 6 million tons reaching an eight-year low.
The article quoted the
Head of the General Statistics Office (GSO) as saying that the rice output from
the Mekong Delta fell 6.2% y/y in the first quarter of the year.
While the Philippines
is planning to import 500,000 tons of rice to ensure adequate supplies during
the lean season, experts are expressing concern if Vietnam can cater to the
needs of its traditional buyers.
Output in four other
major rice producing countries , including Thailand, India, Pakistan and the
U.S., is also likely to decline this year due to drought. “People in Indonesia
and the Philippines will go hungry if the Thais and Vietnamese don’t produce
enough rice,” said the Director of the Southeast Asia Program at the Stimson
Center in Washington.
Water shortages in
reservoirs on the Mekong river in Southern Vietnam are likely to cutwater
supplies for irrigating crops by about 50% this year, according to a UN report.
Experts are expressing concern that dams built by China, Vietnam and Laos on
the river are depriving the Mekong Delta region of the critical sediments
needed to replenish soil. A study submitted to the Mekong River Commission
noted that eleven dams planned in Thailand, Laos and Cambodia could result in
fish and farming losses of $750 million in Vietnam and $450 million in
Cambodia.
Experts are suggesting
the Vietnam government, which relied heavily on rice production all these
years, to encourage farmers to shift to more profitable crops.
Decide on
Appropriate Time for 2016 Main Rice Crop Planting Next Week
The government of
Thailand will decide the appropriate time for this year's main rice crop
planting next week, according to Bangkok Post.The Permanent-Secretary of the
Agriculture and Cooperatives Ministry told reporters that he will meet with the
representatives from state agencies, including the Department of Royal
Irrigation, the Department of Water Resources and the Meteorological
Department, under his Ministry to discuss the appropriate timing for the first
rice crop planting. He noted that the Ministry would reveal the decision to the
farmers by the end of this month.
The meeting will
assess when farmers can return to planting in-season rice crops after
evaluating the water situation in the country and the weather forecast on the
rainy season. "We need that information to fix the right period for
farmers to begin their seasonal rice plantation. If we let them know in
advance, they will have more time to prepare themselves. We have no policy to
limit the scale of rice plantation during the rainy season," he said.
However, the official
noted that the Ministry has not yet come up with likely measures to assist
farmers if they suffer from losses as they are expecting enough water for paddy
fields during the rainy season. Around 58 million rai (around 9.28 million
hectares) of land will be planted with rice during the rainy season.
He noted that the
Ministry has decided to limit additional crops this year also, especially in
the Chao Phraya River basin, if there is not enough water for farming. He added
that the Ministry has decided on providing lucrative measures, including soft
loans and occupation training, for farmers to grow less water requiring crops.
Global Rice Quotes
April 19th, 2016
Long grain white rice - high
quality
Thailand 100% B grade 390-400 ↑
Vietnam 5% broken 365-375 ↔
India 5% broken 370-380 ↔
Pakistan 5% broken 345-355 ↔
Myanmar 5% broken 415-425 ↔
Cambodia 5% broken 445-455 ↔
U.S. 4% broken 430-440 ↔
Uruguay 5% broken 435-445 ↔
Argentina 5% broken 415-425 ↔
Long grain white rice - low
quality
Thailand 25% broken 365-375 ↑
Vietnam 25% broken 350-360 ↔
Pakistan 25% broken 310-320 ↔
Cambodia 25% broken 425-435 ↔
India 25% broken 325-335 ↔
U.S. 15% broken (sacked) 470-480 ↔
Long grain parboiled rice
Thailand parboiled 100% stxd 380-390 ↔
Pakistan parboiled 5% broken stxd NQ ↔
India parboiled 5% broken stxd 335-345 ↔
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 460-470 ↑
India basmati 2% broken NQ ↔
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Mails 760-770 ↔
Brokens
Thailand A1 Super 340-350 ↑
Vietnam 100% broken 335-345 ↓
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
ORYZA News have been published with permission of
ORYZA.com with thanks
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