EU Exports 140,504 Tons of Rice in September 1, 2015 - April 12,
2016; Down 16% from Previous Year
Apr 20, 2016
According to the
latest export data issued by the European Union (EU) for the crop year 2015-16
(September 1, 2015 - August 31, 2016), the EU exported about 140,504 tons of
rice during the period September 1, 2015 - April 12, 2016, down about 16% from
around 167,040 tons exported during the same period last year.
Japonica rice exports
declined about 19% to around 117,146 tons in September 1, 2015 - April 12, 2016
period from around 144,340 tons during the same period last year. Indica rice
exports increased about 3% to around 23,358 tons during the said period from
around 22,700 tons last year.
Italy remained the
largest exporter in September 1, 2015 - April 12, 2016 period with around
74,534 tons followed by Spain (18,687 tons), Greece (17,443 tons), and Portugal
(10,287 tons). Other EU countries imported 19,553 tons.
During the week ended
April 12, 2016, the EU exported around 4,764 tons of rice, down about 23% from
around 6,188 tons exported during the week ended April 5, 2016.
Cambodia to Bid for Upcoming Philippines Rice Contract Despite Failing Many
Times in Past, Says CRF Official
Cambodia is preparing
to bid for the upcoming Philippines rice contract, but does not expect to win
due to the nation’s higher production and transportation costs compared to
neighbouring Thailand and Vietnam, according to the Khmer Times.
The Vice-President of
the Cambodia Rice Federation (CRF) told reporters that although Cambodia failed
many times, the country will try to show its presence. “If we don’t join, they
will not invite us next time when we are ready to compete – so we don’t
want to lose any market,” he said.
The National Food
Authority (NFA) of the Philippines is authorized to import 500,000 tons of rice
to ensure adequate stocks during the lean months (July - September). The
Philippines is likely to import the rice under government-to-government (G2G) contract
from Thailand, Vietnam or Cambodia, with whom it has rice import contracts.
However, the NFA has so far not announced the timing for the bids.
The CRF official has
expressed concern that high production and transportation costs for Cambodian
exporters are barring them from competing with their neighbours. He noted that
the CRF is working on reducing the transportation costs, which are currently
$60 per ton higher than those in Vietnam and Thailand. He also emphasized that
the rice export sector has not been receiving any subsidies from the government
for bidding for overseas contracts.
Currently, Cambodia 5%
white rice is quoted at around $450 per ton compared to around Thai 5% and
Vietnam 5% rice at around $380 and $370 per ton respectively.
In 2015, Vietnam won a
contract to supply 450,000 tons to the Philippines, while Thailand supplied
300,000 tons. Both countries sold their rice at $426.60 per ton, slightly
below the $426.83 per ton reference price set by the Philippines.
EU Imports 775,685 Tons of Rice in September 1, 2015 - April 12, 2016; Up
14% from Previous Year
According to the
latest data issued by the European Union (EU), rice imports by the EU nations
increased sharply since the beginning of the crop year 2015-16 (September 1,
2015 - August 31, 2016).
The EU imported about
775,685 tons of rice during the period September 1, 2015 - April 12, 2016, up
about 14% from around 677,837 tons imported during the same period last year.
Japonica rice imports
increased about 3% to around 59,111 tons in September 1, 2015 - April 12, 2016
period from around 57,218 tons during the same period last year. Indica rice
imports increased about 15% to around 716,574 tons during the said period from
around 620,619 tons last year.
The UK remained the
largest importer in September 1, 2015 - April 12, 2016 period with around
173,141 tons followed by France (129,612 tons), The Netherlands (89,612 tons),
Germany (60,652 tons), Poland (59,170 tons) and Italy (56,176 tons). Other EU
countries imported 207,322 tons.
During the week ended
April 12, 2016, the EU imported around 25,456 tons of rice, down about 14% from
around 29,670 tons imported during the week ended April 5, 2015.
The EU imported around
1.143 million tons of rice in the crop year 2014-15, up about 12.7% from around
1.013 million tons imported in the crop year 2013-14.
Italian
Paddy Rice Quotes Show Mixed Trends in Third Week of April 2016
Apr 20, 2016
Italian paddy rice
prices showed mixed trends in the third week of April 2016 after a long period
of slowing down with most of the quotes remaining unchanged from the week ended
April 12 , according to data from the Granaria Association of Milan. The Oryza
index of Italy's paddy rice prices declined to around 381 euro (around $432)
per ton as of April 19, 2016 from around 381 euro (around $436) per ton as of
April 12, 2016.
Below are farm gate
paddy quotes as of April 19, 2016:
Arborio-Volano prices
are quoted at around 752.5 euros (about $853.17) per ton, unchanged from the
previous week.
Balilla, Centauro and
similar paddies are out at 315 euros (about $357.14), unchanged from the
previous week ended April 12.
Lido, Crono, Flipper
and similar varieties are out 270 euros (about $306.12) unchanged from the
previous week.
Padano, Argo are out
at 332.5 euros (about $376.98) per ton, unchanged from the previous week.
Vialone Nano is quoted
430 euros (about $487.53) per ton, unchanged from the previous week.
Carnaroli and similar
varieties were quoted at around 692.5 euros (about $785.15) per ton, unchanged
from a week prior.
Thaibonnet and similar
varieties were quoted at around 290 euros (about $328.8) per ton, down from
around 295 euros (about $336.76) from a week prior.
Sant'Andrea is also
quoted at 290 euros (about $328.8) per ton, down from around 300 euros (about
$342.5) per ton from the previous week.
Luna Cl, Dardo and
similar varieties were quoted at at around 260 euros (about $294.78) per ton,
down from around 270 euros (about $308.22) per ton from the previous week.
Baldo is quoted at
around 300 euros (about $304.14) per ton, down from around 305 euros (about
$348.17) per ton from the previous week.
Roma is out at 345
euros (about $391.16) per ton, unchanged from the previous week.
Selenio is quoted at
around 400 euros (about $453.51) per ton, up from around 380 euros (about
$433.79) from a week prior.
Augusto is out at
around 320 euros (about $362.81) per ton, up from around 310 euros (about
$353.88) from the previous week.
Loto and Nembo are
quoted at around 295 euros (about $334.47) per ton, down from around 305 euros
(about $348.17) per ton from a week prior.
Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Rally as
U.S. Grain Prices Continue to Rocket Higher
Chicago rough rice
futures for May delivery settled 29 cents were cwt (about $6 per ton) higher at
$10.650 per cwt (about $235 per ton). The other grains finished the day sharply
higher as the rally in U.S. grain prices continues; Soybeans closed about 2.4%
higher at $10.1900 per bushel; wheat finished about 3.6% higher at $5.1225 per
bushel, and corn finished the day about 2.6% higher at $3.9975 per bushel.
U.S. stocks traded
mostly higher Wednesday, hovering near their highest levels of the year so far
amid earnings and stabilization in oil prices. WTI pared losses and turned
higher as oil prices found support from a late-morning Bloomberg report, citing
Iraq, that OPEC and other producers would possibly meet in Russia in May to
discuss an output freeze proposal. Bloomberg later reported that Russia said
there was no agreement on a meeting. Traders also attributed oil's gains to
volatility around the scheduled post-settle contract rollover and to the EIA's
mid-morning report that showed a lower-than-expected crude inventory build of
2.1 million barrels and a decline in U.S. production. In economic news,
existing home sales surged 5.1% to a seasonally adjusted annual rate of 5.33
million units in March. February's sales pace was revised slightly down to 5.07
million units from the previously reported 5.08 million units. Overseas,
European stocks closed about half a percent higher or more, with the STOXX
Europe 600 Banks index outperforming with gains of 2.2%. The index is still
more than 15% lower year-to-date but up 6.45% for the month so far. The Nikkei
225 closed almost 0.2% higher while most Asian stocks ended lower. The Shanghai
composite fell 2.3%, amid reports that China's central bank may not ease as
aggressively this year. In early afternoon trade, the Dow Jones industrial
average traded up 82 points, or 0.46%, to 18,136. The S&P 500 traded up 6
points, or 0.28%, to 2,106, with energy leading six sectors higher and
utilities the greatest decliner. The Nasdaq composite gained 16 points, or
0.33%, to 4,956. Gold is seen trading about 0.1% lower, crude oil is seen
trading about 3.3% higher, and the U.S. dollar is seen trading about 0.5%
higher at about 1:00pm Chicago time.
Tuesday, there were
1,501 contracts traded, down from 2,204 contracts traded on Monday. Open interest
– the number of contracts outstanding – on Tuesday decreased by 69 contracts to
12,029.
Oryza U.S. Rough Rice Recap - Offers Firm with Futures Rally while Bids
Hold Steady
The U.S. cash market
was firmer yet again today; however, there was little trading to report as
offers from farmers dried up while bids from buyers remained relatively
unchanged.
Analysts note that
many farmer price ideas have now increased to the $5.00-$5.25 per bu fob farm
range (about $245-$257 per ton) which is not receiving much interest from
buyers who have interest closer to $4.50 per bu fob farm (about $220 per ton).
Analysts contend that
without greater follow through demand it will be unlikely that buyers will be
able to justify paying the prices farmers are hoping to net.
Pakistan Rice Sellers Increase Some of Their Quotes Today; Other Asia Rice
Quotes Unchanged
Pakistan rice sellers
increased their quotes for 25% broken rice and 100% broken rice by about $5 per
ton each to around $315-$325 per ton and $290-$300 per ton respectively today.
Other Asia 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 $10 per ton premium on Pakistan 25% rice shown
at around $315 - $325 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 $15 per ton discount
to Pakistan broken sortexed rice shown at around $290 - $300 per ton.
Rains Delay Uruguay Rice Harvest by Seventeen Days, Says Agriculture
Minister
Heavy rains in Uruguay
have delayed this year's rice harvest by 17 days, Bloomberg quoted the
Agriculture Minister.
Rice crop in Uruguay
begins in mid-October and is harvest in April.
Uruguay is one of the
world's top 10 rice exporters, according to USDA. It exports over 90% of the
rice produced.
USDA estimates Uruguay
to produce about 930,000 tons of milled rice and export about 950,000 tons
during the year.
Vietnam Outlines Measures to Cope with Drought, Salt Water Intrusion
The Vietnamese
Agriculture Minister has outlined measures to cope with severe drought and salt
water intrusion, and ensure food and fresh water for daily use, according to
Vietnam Net.
Addressing the Central
Steering Committee for Natural Calamities Preparedness and Control, he said
local authorities should closely watch and observe weather and saline intrusion
developments and water resources to adequately promote effective measures that
would minimise production losses and stabilise incomes.
The Agriculture
Minister also noted that his Ministry will direct relevant agencies to forecast
the impacts of saltwater encroachment in the Mekong Delta and evaluate water
resources at hydropower reservoirs and river basins and help farmers shift to
growing drought-resistant plants, especially for the 2016 summer-autumn crop.
The Ministry of
Natural Resources and Environment will reportedly closely supervise and issue
reports on drought and saline intrusion for specific areas and localities. The
Management agencies of hydropower reservoirs are ordered to supply fresh water
to drought-prone areas as a priority. The local authorities are asked to
cooperate with the Agriculture Ministry to help farmers adjust production
timetables to reduce losses from drought and salinity intrusion.
According to the
Central Steering Committee for Natural Calamities Preparedness and Control, the
drought has impacted nearly 70% of cultivation areas in the Central Highlands
and South Central region and saltwater has intruded as far as 90 kilometers
inland in the Mekong Delta, about 10-25 kilometers farther than usual. As of
April 13, 2016, drought and saltwater intrusion damaged over 232,000 hectares
of rice, 61,992 hectares of fruits, and 4,052 hectares of seafood. The total
economic loss has been estimated at over 5.1 trillion VND (around $229.5
million).
Thai Government Advises Farmers to Begin 2016 Main Rice Crop Planting from
Mid-July
Apr 20, 2016
The Thai Farm Ministry
has advised farmers to begin planting for the 2016 main rice crop from
mid-July, according to Bloomberg citing and statement from the Ministry.
The Ministry noted
that average showers are likely to start from third week of May, subside for
two weeks from the end of June to early July and return to normal after that.
It noted that more rainfall is likely between August and October.
Main rice crop in
Thailand usually begins in early May and is harvested by the end of January.
The Farm Minister also
expressed concern that water levels in key reservoirs are enough only for
consumption till July.
Global Rice
Quotes
April 20th, 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 315-325 ↑
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 290-300
↑
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
Thailand Plans to Sell 11.6 Million Tons of Stockpiled Rice by July 2016
The Thai Commerce
Ministry is planning to sell 11.6 million tons of stockpiled rice by July this
year, before the new crop arrives in the market, according to Bloomberg quoting
the Commerce Permanent Secretary.
The Ministry will
reportedly submit the plan to the National Rice Policy Committee (NRPC),
chaired by the Prime Minister, on April 25.
The Commerce Ministry
will offer mixed grades of rice from premium to poor quality in the auctions.
The government has planned to sell 2.4 million tons of poor-quality rice this
year to the industrial sector.
The military
government currently holds about 12 million tons of rice in its stockpiles.
The government is
targeting to export 9.5 million tons of rice this year.
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