Global Rice Quotes
June 26th, 2015
Long grain white rice - high quality
Thailand 100% B grade 375-385 ↔
Vietnam 5% broken 345-355 ↔
India 5% broken 385-395 ↔
Pakistan 5% broken 375-385 ↔
Myanmar 5% broken 415-425 ↔
Cambodia 5% broken NQ ↔
U.S. 4% broken 450-460 ↔
Uruguay 5% broken 565-575 ↔
Argentina 5% broken 555-565 ↔
Long grain white rice - low quality
Thailand 25% broken 345-355 ↔
Vietnam 25% broken 325-335 ↔
Pakistan 25% broken 335-345 ↓
Cambodia 25% broken NQ ↔
India 25% broken 350-360 ↔
U.S. 15% broken 440-450 ↔
Long grain parboiled rice
Thailand parboiled 100% stxd 365-375 ↔
Pakistan parboiled 5% broken stxd 395-405 ↔
India parboiled 5% broken stxd 365-375 ↔
U.S. parboiled 4% broken 555-565 ↔
Brazil parboiled 5% broken 570-580 ↔
Uruguay parboiled 5% broken NQ ↔
Long grain fragrant rice
Thailand Hommali 92% 815-825 ↔
Vietnam Jasmine 480-490 ↔
India basmati 2% broken NQ ↔
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Mails NQ ↔
Brokens
Thailand A1 Super 315-325 ↔
Vietnam 100% broken 310-320 ↔
Pakistan 100% broken stxd 285-305 ↔
Cambodia A1 Super NQ ↔
India 100% broken stxd 280-290 ↔
Egypt medium grain brokens NQ ↔
U.S. pet food 350-360 ↔
Brazil half grain NQ ↔
All prices USD per ton, FOB vessel, oryza.com
EU Basmati Rice Imports Decline Sharply During September 1, 2014 - June 18, 2015
Jun 25, 2015
Basmati rice imports by the European Union (EU) nations declined to around 223,549 tons during September 1, 2014 - June 18, 2015, down about 27% from around 305,469 tons imported during the same period last year.Netherlands remains the largest buyer of basmati rice with 45,783 tons (about 20% of total basmati imports during the stated period) followed by the U.K with 38,307 tons (about 17% of total basmati imports during the period). Basmati rice imports by the other EU nations during September 1, 2014 - June 18, 2-015 is as follows:
Belgium (37,126 tons; 16.6%); France (35,484 tons; 15.8%); Italy (25,385 tons; 11.3%) and Spain (24,813 tons; 11%).
While basmati rice imports by the Netherlands increased about 17% from around 39,249 tons last year, those by the U.K declined about 68% from around 121,429 tons last year.The EU imported around 119,894 tons of basmati rice from India and around 103,635 tons from Pakistan during the September 1, 2014 - June 18, 2015. The EU's basmati rice imports from India have been declining while those from Pakistan have been steadily increasing since the crop year 2012-13 (September - August).
Nigerian Central Bank Stops Dollar Access for Rice Importers as Reserves Drop
Jun 25, 2015
The Central Bank of Nigeria (CBN) has stopped the sale of U.S. dollars to importers of 40 items, including rice, cement, private jets, steel products, plastics and rubber, soap, cosmetics, furniture and Indian incense, as part of efforts to protect the foreign reserves, which have declined significantly, and to reduce pressure on the naira, according to Reuters.The CBN Governor told reporters that the policy has been initiated as the country was spending huge amount to import things such as rice that could be grown locally. He made it clear that the CBN would not support the importation of such items. However, “importers who may want to continue importing these goods would have to sort their foreign exchange from their own private sources," he said.
He reminded that vast amount of paddy produced locally is being wasted due to imports. He urged the rice producers to utilize large expands of arable lands to grow rice and thereby contribute to the development of the economy. He added that by importing rice they are helping other countries to prosper. He stressed that the local production would reduce poverty, unemployment and pressure on the reserve.However, analysts noted that move reflected the CBN's reluctance to devalue naira and it might risk shifting the dollar demand to the black market.Last week, the CBN officials met the Chief Executives and Treasurers from leading commercial banks in the country to discuss ways to make naira more liquid. The CBN was reportedly suggested to adopt a free-float regime or to increase interest rates on off-shore bonds to attract foreign buyers.
In January this year, the CBN governor told reporters that increasing imports of several items, including rice, were putting a downward pressure on the country's currency. He hinted about stopping foreign currency to support for the importation of rice and other commodities, which can be grown in Nigeria locally in order to reduce downward pressure on the Naira.The Nigerian currency depreciated by about 26% to around N196.4/USD from around N155.2/USD during in January 2014, according to data from the CBN.Nigeria has been a net importer of rice and imports over 50% of its annual rice consumption needs. USDA estimates the country to produce 2.83 million tons of milled rice in the MY 2014-15 (October 2014 - September 2014) and import about 4 million tons. The country's consumption needs during the year are estimated at around 6.4 million tons.
Thailand Drought Won't Impact Rice Supplies to Malaysia, Says Junior Minister
Jun 25, 2015
A likely reduction in the paddy output from the 2015 main rice crop in Thailand due to the ongoing drought will not affect shipments to Malaysia, local sources quoted the Agriculture and Agro-based Industry Deputy Minister.He noted that the Bernas had committed to a long-term deal with Thailand’s rice suppliers who must meet all the conditions agreed upon and Thailand government also gave assurance to uninterrupted rice supplies to Malaysia.“So far, there is no issue of supply problem,” he said adding that if supplies to Malaysia are impacted, the Ministry would seek support from the Padiberas Nasional Bhd (Bernas), which is expected to other sources from the ASEAN countries.
Malaysia produces about 64% of rice needed for annual consumption of about 2.8 million tons and imports about one million tons of rice annually. Thailand accounts for about 80% to 90% of them.USDA estimates Malaysia to produce about 1.8 million tons of milled rice and import about one million tons of rice in MY 2014-15 (January 2015 - December 2015).
Oryza Afternoon Recap - Chicago Rough Rice Futures Pull Back Slightly despite Rally in Grains and Impressive Export Sales
Jun 25, 2015
Chicago rough rice futures for Sep delivery settled 7.5 cent per cwt (about $2 per ton) lower at $10.325 per cwt (about $228 per ton). The other grains turned higher once again today; Soybeans closed about 1.9% higher at $10.0025 per bushel; wheat finished about 2.7% higher at $5.3200 per bushel, and corn finished the day about 2.7% higher at $3.7650 per bushel.U.S. stocks traded in a narrow range on Thursday, giving back most of their initial gains, as investors eyed ongoing negotiations between Greece and its creditors. Both the Dow Jones industrial average and the S&P 500 indexes briefly turned negative soon after the open, while the Nasdaq Composite remained mildly higher amid reports that the meeting between Greece and its creditors was halted "indefinitely.
" The Nasdaq Composite briefly dipped into negative territory in afternoon trade. The news comes a day after a Wednesday meeting between all parties ended without a resolution, pressuring U.S. stocks to close lower. The country's creditors rejected Athens' proposed plan to end its financial crisis before submitting counterproposals. Investors also watched U.S. economic data. Weekly jobless claims came in at 271,000, slightly below analysts’ expectations. U.S. consumer spending rose 0.9% for the month of May, its largest gain in nearly six years while personal income increased 0.5% last month. The Dow Jones Industrial Average traded 4 points lower, or 0.03%, at 17,961.
The S&P 500 traded up 0.56 points, or 0.03%, at 2,109, with telecommunications leading six sectors higher and energy the greatest decliner. The Nasdaq traded up 1.20 points, or 0.02%, at 5,123. Gold is trading about 0.1% lower, crude oil is seen trading about 0.9% lower, and the U.S. dollar is seen trading at about 0.1% lower at about 1:00pm Chicago time.Wednesday, there were 1,738 contracts traded, up from 1,491 contracts traded on Tuesday. Open interest – the number of contracts outstanding – on Wednesday increased by 206 contracts to 9,816.
Oryza Global Weather Outlook
Jun 25, 2015
In China, heavy rain is expected across south-eastern Yunnan, western and southern coast of Guangxi, southern Guangdong, northern Chongqing, eastern Hubei, central-northern Anhui, central-northern Jiangsu, southern Shandong and south-western Tibet from Thursday to Saturday.
Heavy rain is expected in some parts of Central, Eastern and Southern Thailand During June 25-29. Elsewhere light rain is expected during the period.
Scattered showers are expected across Vietnam on Thursday and Friday.
Heavy rain is expected in many parts India during the next three days.
Mainly hot weather is expected across most parts of Pakistan during today and tomorrow. However light rain is expected at few places of Kashmir and its hilly adjoining areas.
In Bangladesh, light rain is likely to occur at most places over Rangpur, Rajshahi, Dhaka, Khulna, Barisal, Chittagong & Sylhet divisions with moderately heavy to very heavy falls at places over country.
In the U.S., rains are expected across central Plains on Thursday and Friday. A few showers are also expected in the Southeast U.S. on Thursday and Friday. Overall, 68 % of the rice was reported in good to excellent condition, down slightly from last week but equal to the same time last year.
Oryza U.S. Rough Rice Recap – Prices Hold Mostly Steady as Export Sales Support Market
Jun 25, 2015
The U.S. cash market was mostly unchanged today after yesterday’s considerable jump that was seen in the futures market as well as in the cash market.Analysts note that increases in export sales were helpful in supporting today’s prices however they insist we will need to see more numbers like today’s if this price increase can be sustainable.
Today the USDA reported that cumulative net export sales for the week ending on June 18, totaled 131,300 tons, which was considerably higher than last week and the prior 4-week average.
Increases were reported for the following destinations including: 64,300 tons to unknown destinations, 20,300 tons to Haiti, 17,500 tons to Mexico, and 8,500 tons to Jordan. Net sales of 3,000 tons for 2015/2016 were reported for unknown destinations.U.S. rice exporters shipped 68,100 tons, which was 27% higher than last week but 2% lower than the prior 4-week average. The primary destinations included: 12,000 tons to Japan, 11,300 tons to Mexico, 10,300 tons to Haiti, 10,200 tons to Panama, and 10,000 tons to Colombia
Philippines Hopes to Achieve Rice Sufficiency with NextGen Varieties
Jun 25, 2015
The Philippines Rice Research Institute (PhilRice) under the Department of Agriculture (DA) and the International Rice Research Institute (IRRI) are developing rice varieties that can withstand adverse weather conditions as well as are resistant to pests and diseases as part of a collaborative project called "Accelerating the development and adoption of next-generation (NextGen) rice varieties for major ecosystems in the Philippines", according to a news release in the PhilRice website.
The project, which is part of the government's Food Staples Sufficiency Program (FSSP), aims to increase yields by more than 5% compared to earlier varieties using marker-assisted breeding and selection, multi-location testing, increased breeder/foundation seed production and dissemination.Normally, it takes 6 years of breeding work, 3 years of testing and 2 years of commercial seed production before a new variety is distributed to farmers. But "the project aims to shorten the breeding time to produce new varieties faster and make them accessible to rice farmers,” a senior research fellow at the PhilRice was quoted as saying.
Multi-location trials are carried out in all major irrigated and rain fed rice-growing regions in the country under the supervision of DA-Regional Field Officers and state colleges and universities, according to the news release. On the other hand, adaption trials are carried out in farmer-partners’ fields to help farmers understand how the new varieties perform in their fields.As of 2014 the project has nominated 766 strains, including 206 PhilRice strains, 488 IRRI strains and 72 green super rice (GSR) varieties, for multi-location environment testing (MET). Also, more than 2,000 varieties were screened for submergence, 12,000 for salinity, and 80 varieties for drought in 2014.The Rice Technical Working Group (RTWG) approved 24 new inbreds and hybrids developed by the project.
Pulses, Oilseeds to Share Rice Funds Under BGREI Scheme in India
Jun 25, 2015
The government of India is considering to increase production of oilseeds and pulses in the eastern states of West Bengal, Odisha, Bihar, Jharkhand, Chhattisgarh, eastern UP and Assam, which are covered under the Bringing Green Revolution to Eastern India (BGREI) scheme, to reduce dependence on imports, according to the Economic Times.The government is reportedly planning to include pulses and oilseed in the BGREI scheme and fund their cultivation. Currently, only paddy and wheat are covered under the BGREI scheme.
The Director of the Central Rice Research Institute (CRRI) told reporters that the government may redistribute funds under the BGREI scheme for growing oilseeds and pulses. He noted that oilseed and pulses will be grown after the harvesting of paddy and wheat. "Not the entire area under paddy and wheat cultivation will be used for pulses and oilseeds cropping — a portion of it will be used," he was quoted as saying.The BGREI had helped to increase paddy production in India’s Eastern states to a great extent.
Rwanda, Uganda Decide to Levy 75% Tax on Tanzania Rice Imports Mixed with Asian Rice, Says EAGC Official
Jun 25, 2015
The Country Program Manager of Eastern Africa Grain Council (EAGC) warned that Rwanda and Uganda have decided to levy a 75% tax on Tanzania rice imports mixed with cheap Asian rice, according to local sources.Speaking at a meeting on threats and challenges faced by Tanzania’s Rice Industry, he said: “Rwanda has warned Tanzanian businessmen that any businessman who exports rice that is mixed with other sample, will be required to pay 75 percent tariff.” It is understood that original Tanzanian rice not mixed with other countries' rice will be duty-free.He noted that the East African Community (EAC) has declared rice as a "sensitive product" set a 75% Common External Tariff (CET) in order to protect the local rice sector from cheap imports from Asian countries, governments of which subsidize rice production as well as provide various incentives to rice producers.
However, since Tanzania' rice prices are relatively high, the EAC has agreed for duty-free trade with the other EAC members. As some traders are resorting to tricks such as mixing cheap Asian rice with the Tanzanian rice and selling at a higher price and at zero percent duty, the EAC will not allow Tanzania rice imports at zero percent duty in any of the member countries, he specified. Also from Tanzania's point of view, he noted that such a high tariff would hurt the country's rice farmers and economy severely.
Tanzania is the largest rice producer in East Africa and according to the government data, the country's annual rice production almost doubled between 2001 and 2012 due to expanded cultivation. Currently, Tanzania's average annual rice production is about 1.35 million tons.USDA estimates Tanzania to produce around 1.386 million tons of rice, basis milled, and export around 30,000 tons in MY 2015-16 (June 2014 - May 2015).
Pakistan Rice Sellers Lower Some of Their Quotes; Other Asia Rice Quotes Unchanged Today
Jun 25, 2015
Pakistan rice sellers lowered their quotes for 5% broken rice by about $10 per ton to about $375-$385 per ton today. Other Asia rice sellers kept their quotes mostly unchanged today.
5% Broken Rice
Thailand 5% rice is indicated at around $365 - $375 per ton, about a $20 per ton premium on Vietnam 5% rice shown at around $345 - $355 per ton.
India 5% rice is indicated at around $385 - $395 per ton, about $10 per ton premium on Pakistan 5% rice shown at around $375 - $385 per ton, down about a $10 per ton from yesterday.
25% Broken Rice
Thailand 25% rice is shown at around $345 - $3505 per ton, about a $20 per ton premium on Vietnam 25% rice shown at around $325- $335 per ton. India 25% rice is indicated at around $350 - $360, about $10 per ton premium on Pakistan 25% rice shown at around $340 - $350 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $365 - $375 per ton. India parboiled rice is indicated at around $365 - $375 per ton, about a $30 per ton discount to Pakistan parboiled rice shown at around $395 - $405 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is indicated at around $315 - $325 per ton, about $5 per ton premium on Vietnam 100% broken rice shown at around $310 - $320 per ton. India's 100% broken rice is shown at around $280 - $290 per ton, about a $15 per ton discount to Pakistan broken sortexed rice shown at around $295 - $305 per ton.
South Korea Seeks to Buy 59,104 Tons of Non-Glutinous Brown Rice in International Tenders
Jun 25, 2015
South Korea's state run Agro Fisheries & Food Trade Corporation (KAFTC) is seeking to buy about 59,104 tons of non-glutinous rice in international tenders for delivery between October 15, 2015 and December 15, 2015, according to a statement on its website.
The tonnage and delivery dates of different varieties of rice sought by KAFTC is shown below:
Registration of tenders will close at 4.00 p.m on July 2, 2015. The electronic bidding will take place on July 3, 2015 between 10.00 – 11.00 A.M.
Thailand to Auction 1.4 Million Tons of Rice on July 7, 2015
Jun 25, 2015
Thailand's Commerce Ministry is planning to auction about 1.395 million tons of rice on July 7, 2015, local sources quoted the Foreign Trade Department (FTD).The auction is fourth one this year and the Director-General of the FTD told local sources that the government would put up both fragrant and white rice in different grades for sale in the upcoming auction.
The Department will reportedly announce auction criteria to potential bidders on July 3 and will bidder applications on July 6. It will announce the winning bidders on July 7.The Commerce Ministry sold about 2.94 million tons of rice in the first seven auctions since it took power, raising about 30.2 billion baht (around $894 million).The Thai military government currently holds over 16 million tons of rice in its warehouses and is planning to sell about 10 million tons this year about six million tons next year.
June 26th, 2015
Long grain white rice - high quality
Thailand 100% B grade 375-385 ↔
Vietnam 5% broken 345-355 ↔
India 5% broken 385-395 ↔
Pakistan 5% broken 375-385 ↔
Myanmar 5% broken 415-425 ↔
Cambodia 5% broken NQ ↔
U.S. 4% broken 450-460 ↔
Uruguay 5% broken 565-575 ↔
Argentina 5% broken 555-565 ↔
Long grain white rice - low quality
Thailand 25% broken 345-355 ↔
Vietnam 25% broken 325-335 ↔
Pakistan 25% broken 335-345 ↓
Cambodia 25% broken NQ ↔
India 25% broken 350-360 ↔
U.S. 15% broken 440-450 ↔
Long grain parboiled rice
Thailand parboiled 100% stxd 365-375 ↔
Pakistan parboiled 5% broken stxd 395-405 ↔
India parboiled 5% broken stxd 365-375 ↔
U.S. parboiled 4% broken 555-565 ↔
Brazil parboiled 5% broken 570-580 ↔
Uruguay parboiled 5% broken NQ ↔
Long grain fragrant rice
Thailand Hommali 92% 815-825 ↔
Vietnam Jasmine 480-490 ↔
India basmati 2% broken NQ ↔
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Mails NQ ↔
Brokens
Thailand A1 Super 315-325 ↔
Vietnam 100% broken 310-320 ↔
Pakistan 100% broken stxd 285-305 ↔
Cambodia A1 Super NQ ↔
India 100% broken stxd 280-290 ↔
Egypt medium grain brokens NQ ↔
U.S. pet food 350-360 ↔
Brazil half grain NQ ↔
All prices USD per ton, FOB vessel, oryza.com
EU Basmati Rice Imports Decline Sharply During September 1, 2014 - June 18, 2015
Jun 25, 2015
Basmati rice imports by the European Union (EU) nations declined to around 223,549 tons during September 1, 2014 - June 18, 2015, down about 27% from around 305,469 tons imported during the same period last year.Netherlands remains the largest buyer of basmati rice with 45,783 tons (about 20% of total basmati imports during the stated period) followed by the U.K with 38,307 tons (about 17% of total basmati imports during the period). Basmati rice imports by the other EU nations during September 1, 2014 - June 18, 2-015 is as follows:
Belgium (37,126 tons; 16.6%); France (35,484 tons; 15.8%); Italy (25,385 tons; 11.3%) and Spain (24,813 tons; 11%).
While basmati rice imports by the Netherlands increased about 17% from around 39,249 tons last year, those by the U.K declined about 68% from around 121,429 tons last year.The EU imported around 119,894 tons of basmati rice from India and around 103,635 tons from Pakistan during the September 1, 2014 - June 18, 2015. The EU's basmati rice imports from India have been declining while those from Pakistan have been steadily increasing since the crop year 2012-13 (September - August).
Nigerian Central Bank Stops Dollar Access for Rice Importers as Reserves Drop
Jun 25, 2015
The Central Bank of Nigeria (CBN) has stopped the sale of U.S. dollars to importers of 40 items, including rice, cement, private jets, steel products, plastics and rubber, soap, cosmetics, furniture and Indian incense, as part of efforts to protect the foreign reserves, which have declined significantly, and to reduce pressure on the naira, according to Reuters.The CBN Governor told reporters that the policy has been initiated as the country was spending huge amount to import things such as rice that could be grown locally. He made it clear that the CBN would not support the importation of such items. However, “importers who may want to continue importing these goods would have to sort their foreign exchange from their own private sources," he said.
He reminded that vast amount of paddy produced locally is being wasted due to imports. He urged the rice producers to utilize large expands of arable lands to grow rice and thereby contribute to the development of the economy. He added that by importing rice they are helping other countries to prosper. He stressed that the local production would reduce poverty, unemployment and pressure on the reserve.However, analysts noted that move reflected the CBN's reluctance to devalue naira and it might risk shifting the dollar demand to the black market.Last week, the CBN officials met the Chief Executives and Treasurers from leading commercial banks in the country to discuss ways to make naira more liquid. The CBN was reportedly suggested to adopt a free-float regime or to increase interest rates on off-shore bonds to attract foreign buyers.
In January this year, the CBN governor told reporters that increasing imports of several items, including rice, were putting a downward pressure on the country's currency. He hinted about stopping foreign currency to support for the importation of rice and other commodities, which can be grown in Nigeria locally in order to reduce downward pressure on the Naira.The Nigerian currency depreciated by about 26% to around N196.4/USD from around N155.2/USD during in January 2014, according to data from the CBN.Nigeria has been a net importer of rice and imports over 50% of its annual rice consumption needs. USDA estimates the country to produce 2.83 million tons of milled rice in the MY 2014-15 (October 2014 - September 2014) and import about 4 million tons. The country's consumption needs during the year are estimated at around 6.4 million tons.
Thailand Drought Won't Impact Rice Supplies to Malaysia, Says Junior Minister
Jun 25, 2015
A likely reduction in the paddy output from the 2015 main rice crop in Thailand due to the ongoing drought will not affect shipments to Malaysia, local sources quoted the Agriculture and Agro-based Industry Deputy Minister.He noted that the Bernas had committed to a long-term deal with Thailand’s rice suppliers who must meet all the conditions agreed upon and Thailand government also gave assurance to uninterrupted rice supplies to Malaysia.“So far, there is no issue of supply problem,” he said adding that if supplies to Malaysia are impacted, the Ministry would seek support from the Padiberas Nasional Bhd (Bernas), which is expected to other sources from the ASEAN countries.
Malaysia produces about 64% of rice needed for annual consumption of about 2.8 million tons and imports about one million tons of rice annually. Thailand accounts for about 80% to 90% of them.USDA estimates Malaysia to produce about 1.8 million tons of milled rice and import about one million tons of rice in MY 2014-15 (January 2015 - December 2015).
Oryza Afternoon Recap - Chicago Rough Rice Futures Pull Back Slightly despite Rally in Grains and Impressive Export Sales
Jun 25, 2015
Chicago rough rice futures for Sep delivery settled 7.5 cent per cwt (about $2 per ton) lower at $10.325 per cwt (about $228 per ton). The other grains turned higher once again today; Soybeans closed about 1.9% higher at $10.0025 per bushel; wheat finished about 2.7% higher at $5.3200 per bushel, and corn finished the day about 2.7% higher at $3.7650 per bushel.U.S. stocks traded in a narrow range on Thursday, giving back most of their initial gains, as investors eyed ongoing negotiations between Greece and its creditors. Both the Dow Jones industrial average and the S&P 500 indexes briefly turned negative soon after the open, while the Nasdaq Composite remained mildly higher amid reports that the meeting between Greece and its creditors was halted "indefinitely.
" The Nasdaq Composite briefly dipped into negative territory in afternoon trade. The news comes a day after a Wednesday meeting between all parties ended without a resolution, pressuring U.S. stocks to close lower. The country's creditors rejected Athens' proposed plan to end its financial crisis before submitting counterproposals. Investors also watched U.S. economic data. Weekly jobless claims came in at 271,000, slightly below analysts’ expectations. U.S. consumer spending rose 0.9% for the month of May, its largest gain in nearly six years while personal income increased 0.5% last month. The Dow Jones Industrial Average traded 4 points lower, or 0.03%, at 17,961.
The S&P 500 traded up 0.56 points, or 0.03%, at 2,109, with telecommunications leading six sectors higher and energy the greatest decliner. The Nasdaq traded up 1.20 points, or 0.02%, at 5,123. Gold is trading about 0.1% lower, crude oil is seen trading about 0.9% lower, and the U.S. dollar is seen trading at about 0.1% lower at about 1:00pm Chicago time.Wednesday, there were 1,738 contracts traded, up from 1,491 contracts traded on Tuesday. Open interest – the number of contracts outstanding – on Wednesday increased by 206 contracts to 9,816.
Oryza Global Weather Outlook
Jun 25, 2015
In China, heavy rain is expected across south-eastern Yunnan, western and southern coast of Guangxi, southern Guangdong, northern Chongqing, eastern Hubei, central-northern Anhui, central-northern Jiangsu, southern Shandong and south-western Tibet from Thursday to Saturday.
Heavy rain is expected in some parts of Central, Eastern and Southern Thailand During June 25-29. Elsewhere light rain is expected during the period.
Scattered showers are expected across Vietnam on Thursday and Friday.
Heavy rain is expected in many parts India during the next three days.
Mainly hot weather is expected across most parts of Pakistan during today and tomorrow. However light rain is expected at few places of Kashmir and its hilly adjoining areas.
In Bangladesh, light rain is likely to occur at most places over Rangpur, Rajshahi, Dhaka, Khulna, Barisal, Chittagong & Sylhet divisions with moderately heavy to very heavy falls at places over country.
In the U.S., rains are expected across central Plains on Thursday and Friday. A few showers are also expected in the Southeast U.S. on Thursday and Friday. Overall, 68 % of the rice was reported in good to excellent condition, down slightly from last week but equal to the same time last year.
Oryza U.S. Rough Rice Recap – Prices Hold Mostly Steady as Export Sales Support Market
Jun 25, 2015
The U.S. cash market was mostly unchanged today after yesterday’s considerable jump that was seen in the futures market as well as in the cash market.Analysts note that increases in export sales were helpful in supporting today’s prices however they insist we will need to see more numbers like today’s if this price increase can be sustainable.
Today the USDA reported that cumulative net export sales for the week ending on June 18, totaled 131,300 tons, which was considerably higher than last week and the prior 4-week average.
Increases were reported for the following destinations including: 64,300 tons to unknown destinations, 20,300 tons to Haiti, 17,500 tons to Mexico, and 8,500 tons to Jordan. Net sales of 3,000 tons for 2015/2016 were reported for unknown destinations.U.S. rice exporters shipped 68,100 tons, which was 27% higher than last week but 2% lower than the prior 4-week average. The primary destinations included: 12,000 tons to Japan, 11,300 tons to Mexico, 10,300 tons to Haiti, 10,200 tons to Panama, and 10,000 tons to Colombia
Philippines Hopes to Achieve Rice Sufficiency with NextGen Varieties
Jun 25, 2015
The Philippines Rice Research Institute (PhilRice) under the Department of Agriculture (DA) and the International Rice Research Institute (IRRI) are developing rice varieties that can withstand adverse weather conditions as well as are resistant to pests and diseases as part of a collaborative project called "Accelerating the development and adoption of next-generation (NextGen) rice varieties for major ecosystems in the Philippines", according to a news release in the PhilRice website.
The project, which is part of the government's Food Staples Sufficiency Program (FSSP), aims to increase yields by more than 5% compared to earlier varieties using marker-assisted breeding and selection, multi-location testing, increased breeder/foundation seed production and dissemination.Normally, it takes 6 years of breeding work, 3 years of testing and 2 years of commercial seed production before a new variety is distributed to farmers. But "the project aims to shorten the breeding time to produce new varieties faster and make them accessible to rice farmers,” a senior research fellow at the PhilRice was quoted as saying.
Multi-location trials are carried out in all major irrigated and rain fed rice-growing regions in the country under the supervision of DA-Regional Field Officers and state colleges and universities, according to the news release. On the other hand, adaption trials are carried out in farmer-partners’ fields to help farmers understand how the new varieties perform in their fields.As of 2014 the project has nominated 766 strains, including 206 PhilRice strains, 488 IRRI strains and 72 green super rice (GSR) varieties, for multi-location environment testing (MET). Also, more than 2,000 varieties were screened for submergence, 12,000 for salinity, and 80 varieties for drought in 2014.The Rice Technical Working Group (RTWG) approved 24 new inbreds and hybrids developed by the project.
Pulses, Oilseeds to Share Rice Funds Under BGREI Scheme in India
Jun 25, 2015
The government of India is considering to increase production of oilseeds and pulses in the eastern states of West Bengal, Odisha, Bihar, Jharkhand, Chhattisgarh, eastern UP and Assam, which are covered under the Bringing Green Revolution to Eastern India (BGREI) scheme, to reduce dependence on imports, according to the Economic Times.The government is reportedly planning to include pulses and oilseed in the BGREI scheme and fund their cultivation. Currently, only paddy and wheat are covered under the BGREI scheme.
The Director of the Central Rice Research Institute (CRRI) told reporters that the government may redistribute funds under the BGREI scheme for growing oilseeds and pulses. He noted that oilseed and pulses will be grown after the harvesting of paddy and wheat. "Not the entire area under paddy and wheat cultivation will be used for pulses and oilseeds cropping — a portion of it will be used," he was quoted as saying.The BGREI had helped to increase paddy production in India’s Eastern states to a great extent.
Rwanda, Uganda Decide to Levy 75% Tax on Tanzania Rice Imports Mixed with Asian Rice, Says EAGC Official
Jun 25, 2015
The Country Program Manager of Eastern Africa Grain Council (EAGC) warned that Rwanda and Uganda have decided to levy a 75% tax on Tanzania rice imports mixed with cheap Asian rice, according to local sources.Speaking at a meeting on threats and challenges faced by Tanzania’s Rice Industry, he said: “Rwanda has warned Tanzanian businessmen that any businessman who exports rice that is mixed with other sample, will be required to pay 75 percent tariff.” It is understood that original Tanzanian rice not mixed with other countries' rice will be duty-free.He noted that the East African Community (EAC) has declared rice as a "sensitive product" set a 75% Common External Tariff (CET) in order to protect the local rice sector from cheap imports from Asian countries, governments of which subsidize rice production as well as provide various incentives to rice producers.
However, since Tanzania' rice prices are relatively high, the EAC has agreed for duty-free trade with the other EAC members. As some traders are resorting to tricks such as mixing cheap Asian rice with the Tanzanian rice and selling at a higher price and at zero percent duty, the EAC will not allow Tanzania rice imports at zero percent duty in any of the member countries, he specified. Also from Tanzania's point of view, he noted that such a high tariff would hurt the country's rice farmers and economy severely.
Tanzania is the largest rice producer in East Africa and according to the government data, the country's annual rice production almost doubled between 2001 and 2012 due to expanded cultivation. Currently, Tanzania's average annual rice production is about 1.35 million tons.USDA estimates Tanzania to produce around 1.386 million tons of rice, basis milled, and export around 30,000 tons in MY 2015-16 (June 2014 - May 2015).
Pakistan Rice Sellers Lower Some of Their Quotes; Other Asia Rice Quotes Unchanged Today
Jun 25, 2015
Pakistan rice sellers lowered their quotes for 5% broken rice by about $10 per ton to about $375-$385 per ton today. Other Asia rice sellers kept their quotes mostly unchanged today.
5% Broken Rice
Thailand 5% rice is indicated at around $365 - $375 per ton, about a $20 per ton premium on Vietnam 5% rice shown at around $345 - $355 per ton.
India 5% rice is indicated at around $385 - $395 per ton, about $10 per ton premium on Pakistan 5% rice shown at around $375 - $385 per ton, down about a $10 per ton from yesterday.
25% Broken Rice
Thailand 25% rice is shown at around $345 - $3505 per ton, about a $20 per ton premium on Vietnam 25% rice shown at around $325- $335 per ton. India 25% rice is indicated at around $350 - $360, about $10 per ton premium on Pakistan 25% rice shown at around $340 - $350 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $365 - $375 per ton. India parboiled rice is indicated at around $365 - $375 per ton, about a $30 per ton discount to Pakistan parboiled rice shown at around $395 - $405 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is indicated at around $315 - $325 per ton, about $5 per ton premium on Vietnam 100% broken rice shown at around $310 - $320 per ton. India's 100% broken rice is shown at around $280 - $290 per ton, about a $15 per ton discount to Pakistan broken sortexed rice shown at around $295 - $305 per ton.
South Korea Seeks to Buy 59,104 Tons of Non-Glutinous Brown Rice in International Tenders
Jun 25, 2015
South Korea's state run Agro Fisheries & Food Trade Corporation (KAFTC) is seeking to buy about 59,104 tons of non-glutinous rice in international tenders for delivery between October 15, 2015 and December 15, 2015, according to a statement on its website.
The tonnage and delivery dates of different varieties of rice sought by KAFTC is shown below:
Registration of tenders will close at 4.00 p.m on July 2, 2015. The electronic bidding will take place on July 3, 2015 between 10.00 – 11.00 A.M.
Thailand to Auction 1.4 Million Tons of Rice on July 7, 2015
Jun 25, 2015
Thailand's Commerce Ministry is planning to auction about 1.395 million tons of rice on July 7, 2015, local sources quoted the Foreign Trade Department (FTD).The auction is fourth one this year and the Director-General of the FTD told local sources that the government would put up both fragrant and white rice in different grades for sale in the upcoming auction.
The Department will reportedly announce auction criteria to potential bidders on July 3 and will bidder applications on July 6. It will announce the winning bidders on July 7.The Commerce Ministry sold about 2.94 million tons of rice in the first seven auctions since it took power, raising about 30.2 billion baht (around $894 million).The Thai military government currently holds over 16 million tons of rice in its warehouses and is planning to sell about 10 million tons this year about six million tons next year.
Download/View On-Line the above News
in pdf format,just click the following link
