Saturday, March 26, 2016

March 4,2016 daily exclusive orza rice e-newsletter by riceplus magazine

Australian Researchers Launch Public Plant Proteins Database to Facilitate Crop Research



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, according to ABC Online.
Plant proteins help in breeding new crop varieties because they dictate whether the crops can cope with things like drought, rising temperatures and saline soils.
The Lead researcher of the database noted the resource would help scientists to learn more about how the proteins work. "With actually knowing which proteins you want to improve, increase or decrease or change you might be able to do a more targeted approach and you might be able to guide the breeding," she said.
"The protein location is a really important piece of information because proteins within the cells work together in units. So it's really important to know which units do which functions so that you can link them to other parts of the cell," she added.
The database contains information on the location of vital proteins in rice, wheat, maize and barley. The researchers are keen on adding information on a further seven crop varieties by the end of 2017.

Cambodia Exports 95,945 Tons of Rice in the First Two Months of 2016; Up 30% from Previous Year

Mar 03, 2016
Cambodia has exported around 95,945 tons of milled rice in the first two months of 2016, up about 30% from around 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-on-month, Cambodia's rice exports in February 2016 increased about 18% from around 44,033 tons in January 2016. Year-on-year Cambodia's rice exports in February 2016 increased about 38% from around 37,676 tons in February 2015.
The top three destinations during the month were China (13,437 tons), France (6,068 tons) and Poland (5,246 tons), according to the official data.
Cambodia has exported around 538,396 tons of milled rice in 2015 (January - December), up about 39% from around 387,061 tons exported during the same period last year. The government of Cambodia aimed to increase official rice exports to one million tons in 2015 but missed the target due to inadequate milling facilities and infrastructure as well as lack of access to funding.
USDA estimates Cambodia to export 800,000 tons of rice (including official and unofficial exports to Vietnam and Thailand through borders) in 2016, down about 27% from an estimated 1.1 million tons in 2015.

Index Increases Slightly m/m in February 2016

Mar 03, 2016
The FAO All Rice Price Index increased by two points or 1% to around 197 points in February 2016 from around 195 points in the previous month. Before that, the index declined continuously for fifteen months from September 2014 to November 2015.
According to the FAO, prices of the Lower quality Indica sub-index remained stable at 181 points, while those of the Higher Quality Indica sub-index increased by about 1 point or 0.5% to 180 points. The Japonica sub-index increased by 4 points or 1.5% to 244 points due to firm Egyptian quotations; and Aromatic sub-index declined by 1 point or 0.7% to 148 points.
In January - February 2016, the FAO All Rice Price Index averaged 196 points, down about 11% from around 221 points during the same period last year. Sub-index for higher quality Indica rice prices declined about 6.1% y/y and sub-index for lower quality Indica rice prices declined about 3.6% y/y. Aromatic rice price sub-index declined about 22.9% y/y, and the sub-index for Japonica rice prices declined by about 13% y/y.
According to the FAO, Thai rice prices moved up, on a stronger Baht and on expectations of new deals. Pakistan rice prices rose on increased sales to Africa. India rice prices on very subdued import demand and despite a strong pace of purchases by the government. Prices in Vietnam also declined ahead of the imminent harvest of the winter/spring crop. Prices in the U.S. Argentina, Uruguay and Brazil declined due to low demand.
During February 2015, average rice export quotations (on fob basis) of Thai 100% broken rice, Thai parboiled rice, Thai 5% rice, Thai 25% rice, Thai A1 Super rice and Thai Fragrant rice increased to around $389 per ton, $390 per ton, $384 per ton, $374 per ton, $339 per ton and $783 per ton respectively.
Export prices of Vietnam 25% broken rice declined to around $344 per ton. Quotations of India 25% broken rice declined to around $316 per ton and those of and Pakistan 25% broken rice increased to around $310 per ton. While U.S. 4% broken rice variety declined to around $466 per ton, U.S. California 4% rice declined to around $770 per ton. Uruguay 5% rice declined to around $470 per ton.

Global Rice Quotes
March 4th, 2016
Long grain white rice - high quality
Thailand 100% B grade           365-375           ↔
Vietnam 5% broken     360-370           ↑
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   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             330-340           ↔
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
Oryza U.S. Rough Rice Recap - Prices Hold Steady Even as Exports Jump
Mar 04, 2016
The U.S. cash market was seen unchanged today despite the USDA reporting stronger export sales than previous weeks.
Analysts note that new sales of paddy to Venezuela and Colombia are a welcome surprise to the market.  However, if prices are going to stabilize or rally there will need to be a significant increase in milled rice sales.
In the meantime, the USDA reported that cumulative net export sales for the week that ended on February 25 totaled 91,200 tons, an increase of 64% from the previous week and 53% higher than the prior 4-week average.
Increases were reported for the following destinations:  30,000 tons to Venezuela, 26,000 tons to Colombia, 12,100 tons to Japan, 10,600 tons to Costa Rica including 5,200 tons switched from unknown destinations, and 2,300 tons to El Salvador which was partially offset by a 900 ton reductions from an unknown destination.
U.S. rice exporters shipped 38,100 tons, a decrease of 45% from than last week and 22% lower than the prior 4-week average.
Increases were reported for the following destinations: 13,000 tons to Haiti, 5,200 tons to Costa Rica, 5,100 tons to South Korea, 3,700 tons to Mexico, 3,200 tons to Jordan, 2,800 tons to Taiwan,  and 1,900 tons to Canada.



FAO Forecasts 2015-16 Global Rice Production at 491.4 Million Tons; Slightly Down from Previous Year



In its March 2016 Cereal Supply and Demand Brief, the UN's Food and Agricultural Organization (FAO) forecasts 2015-16 global rice production at around 491.4 million tons, slightly down from an estimated 494.7 million tons in 2014-15, and slightly down from its last month's forecast of around 491.8 million tons. The FAO attributes the fall to lower production prospects in India, Iran, Bangladesh and Afghanistan.
The FAO estimates 2015-16 global rice utilization at around 498.3 million tons, up about 1.1% from an estimated 492.8 million tons in 2014-15 due to a 1.3% increase in food consumption. "Although the usage of rice in feeds remains relatively small, it is forecast to grow by over 3 percent in 2015/16, stimulated by the disposal of low quality supplies in China and Thailand and by the increasing availability of rice specifically grown for feed purposes in Japan," says the FAO.
The FAO estimates 2016 global rice stocks at around 167.2 million tons, down about 3% from an estimated 172.8 million tons in 2015, and up from its last month's forecast of around 166.6 million tons. The FAO expects the world stocks-to-use ratio down to a four-year low of 32.9%.
The FAO estimates 2016 global rice trade at around 45.3 million tons, up about 0.4% from an estimated 45.1 million tons last year, and slightly down from its last month's forecast of around 45.4 million tons. The FAO expects lesser purchases by the Philippines and Sri Lanka in 2016.

Mauritius Tenders to Buy Up to 6,000 Tons of White Rice

The Mauritius’ state purchasing agency has issued an international tender to purchase up to 6,000 tons of long-grain white rice from optional origins, Reuters quoted the European traders.
The tender deadline is March 15, 2016 with offers remaining valid until April 29, 2016. The rice is reportedly expected to be delivered between May 1, 2016 and August 31, 2016.

Rice Sellers Lower Some of Their Quotes Today; Other Asia Quotes Unchanged

Mar 03, 2016

Vietnam rice sellers lowered their quotes for 5% broken rice and 25% broken rice by about $5 per ton each to around $355-$365 per ton and $345-$355 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, about $5 per ton premium on Vietnam 5% rice shown at around $355 - $365 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, about $5 per ton premium on Vietnam 25% rice shown at around $345- $355 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.

Spanish Project Aims to Cut Greenhouse Gas Emissions in Rice Fields



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, according to local sources.
Flooded rice fields are responsible for about 5 to 20% of methane emissions. It is estimated that between 2005 and 2020 greenhouse gas emissions from rice growth could increase by 16%.
Usually methane production occurs in rice fields when these are flooded. The layer of water cuts off the oxygen supply to the soil and the organic matter it contains is left for the anaerobic bacteria (those that don´t need oxygen to grow) living in the soil to use. These bacteria breakdown the organic matter and produce methane. Thus, rice plants per se do not generate the methane, but they carry this gas from the soil where it is produced to the surface, and consequently to the atmosphere.
The LIFE+ Ebro-Admiclim project has initially selected 15 representative rice fields in the Ebro Delta and monitored greenhouse gases, soil, water, and agricultural and physical-chemical variables in these fields on a monthly basis. The results obtained by IRTA´s researchers revealed two seasonal periods for methane emissions, corresponding to the months of July-August and October, the highest emissions occurring in October. Then the researchers estimated the emissions for all the rice fields through this project. They noted that all the rice fields in the region produced some 10,500 tons of methane per year.
Going further, the researchers will try to understand the factors that greatly influence the methane production in the rice fields.
An IRTA researcher presented these results during the 12th Rice Technical Workshop held some days ago in the Ebro Delta.

USDA Post Estimates 2015-16 Malaysia Rice Imports to Increase 5% y/y to 1.05 Million Tons

Mar 03, 2016
USDA Post has estimated Malaysia's milled rice imports to increase to around 1.05 million tons in MY 2015-16 (January 2016 - December 2016), up about 5% from around one million tons in MY 2014-15 due to an expected slight increase in local demand. In 2015, Malaysia imported around one million tons of rice worth $515 million.The Post estimates Malaysia's MY 2015-16 domestic consumption to slightly increase to 2.85 million tons due to a growth in the immigrant labor population. In February 2016, the government had announced the possible recruitment of 1.5 million manual labor from Bangladesh to work in Malaysia.
The Post estimates Malaysia's MY 2015-16 milled rice production to remain stable at last yea's level of around 1.8 million tons due to the prevailing of dry weather conditions in 2015. The Post expects a decline in yield despite an increase in planting areas in East Malaysia. The government provides various incentives such as subsidized seeds, fertilizer and pesticides to encourage increase in paddy production. Currently, government's support price for paddy is around RM1,200 (around $331) per ton. Government provides support to only 15% broken rice variety.

Exclusive News have been shared with written permission of ORYZA.com with thanks

March 7,2016 daily exclusive orza rice e-newsletter by riceplus magazine

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

March 1,2016 daily exclusive orza rice e-newsletter by riceplus magazine

EU Rice Imports from Asian LDCs Increase Sharply y/y in First Six Months of 2015-16
Mar 07, 2016

The European Union's (EU) rice imports from the Least Developed Countries (LDCs) of Asia such as Cambodia and Myanmar under the Everything But Arms (EBA) Agreement have reached around 185,180 tons in the first six months of the crop year 2015-16 (September 2015 - February 2016), up about 42% from around 130,408 tons imported during the same period last year, according to data from the European Commission (EC).
The EC data shows that imports from Cambodia (which account for about 83% of total imports from Asian LDCs in September 2015 - February 2016) increased about 51% to around 154,020 tons from around 102,184 tons during the same period last year. Meanwhile, rice imports from Myanmar (which account for about 15% of total imports from Asian LDCs in the first six months of 2015-16) have increased about 12% to around 28,348 tons from around 25,350 tons during the same period last year.

China Seeks to Stabilize Grain Production, Prices and Reduce Imports by 2020


The government of China is planning to stabilize total grain, including rice, production and prices by 2020, and rely less on foreign imports, Daily News quoted the Agriculture Minister.
Addressing the annual legislature meeting in Beijing, the Minister noted that the country aims to improve mechanisms for grains pricing and enhance its stockpiling system. The government is reportedly expecting the total grains output to exceed 550 million tons in 2016.
Recently, the Chinese Premier prioritized increasing the agricultural production to ensure food security in the country. He has urged the local grain producing companies to take lead in developing genetically modified (GM) crops to boost gain production.
Meanwhile, analysts are criticizing the government's grain procurement policy at high prices for distorting grain markets in the country. The country is said to be facing severe grain storage problems owing to excessive buying by the government to maintain prices and protect the local grain markets in the country.
China imported around 287,200 tons of rice in the first month of 2016 (January), about 2.3 times from around 122,400 tons imported during the same period last year, according to data from China Customs General Administration. The East Asian nation imported about 3.35 million tons of rice in 2015, up about 31% from around 2.56 million tons imported in 2014. 
USDA estimates China to produce around 145.77 million tons of milled rice in MY 2015-16 (July - June). It estimates China to import around 4.7 million tons and export around 450,000 tons of rice in 2016.

Government of Laos Aims to Export One Million Tons of Rice in 2016


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. He reportedly noted that the target includes 40,000 tons of rice for reserve purposes and 60,000 tons for seeding purposes. The government is also keen on ensuring 2.1 million tons for domestic consumption during the year.
To boost paddy rice production, the government is encouraging local farmers to raise the area under wet rice cultivation to one million hectares and that of upland rice to 100,000 hectares.
The Laos government is keen on exploring new export markets after the country officially received order to export about 8,000 tons of rice to China this year.
According to the Ministry of Agriculture and Forestry, Laos unofficially sells 300,000 to 400,000 tons of paddy rice to neighboring countries through land borders every year.
The USDA estimates Laos to produce around 2.778 million tons of paddy rice (around 1.75 million tons, basis milled) from around 925,000 hectares in MY 2015-16 (January – December 2016).


UNISAME President Calls for Modernization of Pakistan Rice Sector to Cope with Growing Competition


The President of the Union of Small and Medium Enterprises (UNISAME) has urged the government of Pakistan to modernize the rice farming, milling, processing and marketing to enable the country's rice sector to meet the global challenges, according to local sources.
The official had called for a coordinated effort by the Ministries of Agriculture, Commerce, Industry, and Science and Technology for the upliftment of the rice sector. He noted that the rice sector is being neglected despite being the second largest foreign exchange earner. Dedicated efforts are required from grass root level to modernization of all the related activities.
The UNISAME President urged the Small and Medium Enterprises Development Authority (SMEDA) under the ministry of industries and the Pakistan Council of Scientific and Industrial Research (PCSIR) under the ministry of science and technology to join hands for modernization of the rice industry.
He also noted that the Rice Research Institute under the Agriculture Ministry should invest more in the development of new varieties to boost production. The Ministry of Commerce also needs to step up efforts to get geographical indication (GI) recognition to Pakistan’s basmati rice, he said.
The official also called the Trade Development Authority of Pakistan (TDAP) and Rice Exporters Association of Pakistan (REAP) to increase efforts to regain lost market shares in Iran, Gulf and the Middle East as well as find new markets for Pakistan's basmati rice.


Government of Philippines Advised to Consider 35% Tariff on Rice Imports after QRs End Next Year


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.
He also noted that the government should simultaneously consider a direct cash transfer program for farmers to promote competition as well as increase their standard of living. He stated that government should consider the direct cash transfers over and above the current support in the form of irrigation investments as well as subsidies for farm machinery, and farm inputs. "The government should continue to continue providing these traditional support programs as these have significant medium term and long term impact but direct payments to farmers would have immediate impact as it would provide an immediate safety net for local producers," he said.
The PIDS researcher, however, noted that the proposal would demand significant resources but is financially feasible and would directly address the problems faced by farmers once the protection renegotiated by the government with the WTO ends next year.
QRs apparently allow the government to import a stated amount of rice at lesser duty and imports over and above the quota attract higher duties. Last year, the WTO allowed the Philippines to extend the QRs until 2017. Under the new QR policy, the Philippines can import 805,200 tons of rice under the minimum access volume (MAV) of at 35% duty. Imports above the MAV will attract 50% duty.

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   445-455       ↑
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



Oryza U.S. Rough Rice Recap - Prices Firm Slightly with Futures; Everyone Waiting on Iraq Tender Results
Mar 08, 2016

The U.S. cash market was slightly firmer with offers from resellers increasing with the futures market while farmer sell interest was nearly non-existent today.
Analysts note that both buyers and sellers are sitting on the sidelines waiting to see the results of the latest Iraq tender which is supposed to be announced on March 14.
If the U.S. is able to secure a cargo or two of this business many market participants expect prices to stabilize or firm slightly.  However, if the U.S. is overlooked prices will likely continue their downward trajectory.

Vietnam Domestic Paddy, Rice Prices Increase on Higher Export Demand, Says MARD

Mar 07, 2016
Domestic paddy and rice prices in Vietnam are increasing due to increased exports to Indonesia and the Philippines, as well as higher orders from China, local sources quoted the Ministry of Agriculture and Rural Development (MARD).
Prices are also said to increase amid concerns of lower production due to severe saltwater intrusion and serious water shortages in rivers.
Paddy prices in An Giang and Vinh Long in the Mekong Delta region increased between 50 to 150 VND to around 4,550 VND per kilogram (around $204 per ton) and 4,650 VND per kilogram (around $208 per ton) respectively.
Harvesting of the winter-spring rice crop is on-going, and more than 200,000 tons of rice worth at least 1 trillion Vietnamese dong (around $44.64 million) is likely to be damaged by the salt water intrusion, according to the MARD officials.
Domestic prices of rice have been declining since November 2015, according to the data from the UN's Food and Agriculture Organization (FAO). The decline can be attributed to low export demand.
Vietnam 5% and 25% broken rice exports are quoted at around $375 per ton and $355 per ton respectively, on par with Thai quotes of around $375 per ton and $355 per ton. However, the MARD officials are expecting a stiff competition for Vietnam rice exports this year from India, Thailand and Pakistan.

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Start the Week on Bullish Note as Rally in Crude Supports U.S. Grain Prices



Chicago rough rice futures for May delivery settled $0.195 cents were cwt (about $4/ton) higher at $10.700 per cwt (about $236 per ton). The other grains finished the day higher; Soybeans closed about 0.4% higher at $8.8175 per bushel; wheat finished about 0.4% higher at $4.6275 per bushel, and corn finished the day about 0.2% higher at $3.5900 per bushel.
U.S. stocks traded mostly lower Monday, after their first three-week rally of the year so far, as investors eyed oil prices and awaited indications on monetary policy around the world. Brent crude topped $40 a barrel for the first time in 2016, while WTI traded more than 5% higher above $37.50 a barrel. The major averages opened lower before trying to hold mildly higher in afternoon trade. The key event in the data-light week is the European Central Bank's Thursday meeting. The Federal Open Market Committee meets March 15 to 16. European stocks came off session lows in the close. Asian stocks closed mixed, with the Shanghai composite ending about 0.8% higher. Over the weekend, Chinese Premier Li Keqiang announced a 2016 target GDP growth range between 6.5% and 7%.In afternoon trade, the Dow Jones industrial average traded up 58 points, or 0.35%, at 17,065. The S&P 500 was flat, with energy leading six sectors higher and information technology the biggest laggard. The Nasdaq composite declined 16 points, or 0.36%, to 4,700. Gold is seen trading about 0.6% lower, crude oil is seen trading about 4.8% higher, and the U.S. dollar is seen trading about 0.2% lower at about  1:30pm Chicago time.
Friday, there were 352 contracts traded, down from 795 contracts traded on Thursday. Open interest – the number of contracts outstanding – on Friday decreased by 44 contracts to 11,849. 

Philippines Scientist Developing Eco-Friendly Mechanical Rice Pest Remover

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, according to GMA News.
Normally, pests are removed using a two-pronged method. First cooling with dry ice to reduce pest activity and then fumigating to kill the pests. However, the scientist says, the method is expensive for many farmers.
She says the newly developed MPReS device is more useful for farmers in rural areas where there are no proper storage facilities. She adds that the device works in a very simple manner.
"It tumbles the produce, shaking off pests that then fall through a sieve on the contraption's floor. Thus, pests are sifted out and the cleaned produce can be safely removed from the device," she says. Thus device can process up to 50 kilograms of rice at a time. It would take between 5 - 8 minutes for one round of spin, and the cleaned rice can be easily tilted into another sack by pushing up to tilt the compartment. The device also does not need electricity or expensive fuel, she says.
The scientist said: “The device must be affordable for farmers, easy to clean and operate, and durable so that it can be used for years.” The device is still in the planning stages and she is planning to release in the market soon.
She is planning to present the device in the  Young Agriprenuer Program, a global contest for young agricultural entrepreneurs.

Vietnam Rice Exports Double y/y in First Two Months of 2016

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). The average rice export price so far in this year stands at around$406 per ton (FOB), down about 10% per ton from around $452 per ton recorded during same last year.
In February, 2016, Vietnam exported 439,449 tons of rice, up about 119% from 200,814 tons rice exported in February 2015, and up about 5% from 416,770 tons rice exported in full month of January 2016. The average export price in February stands at around $405 per ton, down about 11% per ton from a year ago and down about 0.6% per ton from a month ago

Thailand, Vietnam, India Rice Sellers Increase Some of Their Quotes Today; Pakistan Rice Quotes Unchanged

Mar 07, 2016

Thailand rice sellers increased their quotes for high quality rice,  100% B grade, rice by about $5 per ton to around $370-$380 per ton. Vietnam rice sellers increased their quotes for 5% broken rice, 100% broken rice and Jasmine rice by about $10 per ton, $5 per ton and $15 per ton to around $370-$380 per ton,  $335-$345 per ton and $445-$455 per ton, respectively, today.  India rice sellers increased their  quotes for 5% broken rice by about $5 per ton to around $370-$380 per ton. Pakistan 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 $370 - $380 per ton, about $35 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 $265 - $275 per ton, about $20 per ton discount to Pakistan broken sortexed rice shown at around $285 - $295 per ton.





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