EU Imports 496,804 Tons of Rice in September 1, 2015 - February 02, 2016;
Up 18% from Previous Year
Feb 10, 2016
According to the
latest data issued by the European Union (EU), rice imports by the EU increased
sharply since the beginning of the crop year 2015-16 (September 1, 2015 -
August 31, 2016).
The EU imported about
496,804 tons of rice during the period September 1, 2015 - February 02, 2016,
up about 18% from around 422,639 tons imported during the same period last
year.
Japonica rice imports
declined about 6% to around 36,092 tons in September 1, 2015 - February 02,
2016 period from around 38,304 tons during the same period last year. Indica
rice imports increased about 20% to around 460,712 tons during the said period
from around 384,335 tons last year.
The UK remained the
largest importer in September 1, 2015 - February 02, 2016 period with around
118,198 tons followed by France (86,807 tons), The Netherlands (57,261 tons),
Germany (37,654 tons), Poland (36,136 tons) and Italy (34,041 tons). Other EU
countries imported 126,707 tons.
During the week ended
February 02, 2016, the EU imported around 19,668 tons of rice, down about 24%
from around 26,035 tons imported during the week ended January 26, 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.
Global Rice Quotes
February 10th, 2016
Long grain white rice - high quality
Thailand 100% B grade 380-390
↔
Vietnam 5% broken 350-360
↔
India 5% broken 360-370
↔
Pakistan 5% broken 330-340
↔
Myanmar 5% broken 415-425
↔
Cambodia 5% broken 425-435
↔
U.S. 4% broken 460-470
↔
Uruguay 5% broken 440-450
↔
Argentina 5% broken 430-440
↔
Long grain white rice - low quality
Thailand 25% broken 355-365
↔
Vietnam 25% broken 340-350
↔
Pakistan 25% broken 310-320
↔
Cambodia 25% broken 405-415
↔
India 25% broken 325-335
↔
U.S. 15% broken 440-450
↔
Long grain parboiled rice
Thailand parboiled 100% stxd 370-380 ↔
Pakistan parboiled 5% broken stxd NQ ↔
India parboiled 5% broken stxd 350-360 ↔
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% 690-700
↔
Vietnam Jasmine 425-435
↔
India basmati 2% broken NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Mails 750-760
↔
Brokens
Thailand A1 Super 325-335
↔
Vietnam 100% broken 320-330
↔
Pakistan 100% broken stxd 280-290
↔
Cambodia A1 Super 345-355
↔
India 100% broken stxd 260-270
↔
Egypt medium grain brokens NQ
↔
U.S. pet food 280-290 ↔
Brazil half grain NQ
↔
All prices USD per ton, FOB vessel, oryza.com
Syria Issues Tender to Buy 8,113 Tons of White Long-Grain Rice
Feb 10, 2016
Syria's General
Foreign Trade Organization (GFTO) has issued a tender to purchase 8,113 tons of
white long-grain rice of third class, according to a notice dated February 8,
2016, on its website.
Rice is for delivery
in three tranches between May 15, 2016 to December 15, 2016. The schedule of
delivery is as below:
Offers should be
submitted to GFTO Secretariat by 3 p.m. Damascus time, February 23, 2016,
according to the notice. Tender closes on February 24, and the offers will be
valid for 60 days from closing date.
This is the
second tender issued by the GFTO this year. The GFTO issued a tender on January
17, 2016 to purchase 8,113 tons of long-grain white rice for delivery between
May 1, 2016 to December 15, 2016
Thailand's Parboiled Rice Exports Decline Sharply in 2015, Says USDA Post
Feb 10, 2016
The USDA Post reports
that Thailand's 2015 rice exports declined about 11% to around 9.8 million tons
from around 11 million tons in 2014 mainly due to a sharp decline in parboiled
rice exports.
The Post reports that
Thailand exported about 2.2 million tons of parboiled rice in 2015, down about
30% from around 3.14 million tons in 2014. The decline is attributed to a
sluggish demand from Nigeria, which the largest importer of Thai Parboiled
rice. Thai parboiled rice exports to Nigeria declined about 50% to around
600,000 tons in 2015. The Post reports that 2015 white rice exports also
declined about 3% to around 5.6 million tons.
The Post forecasts
Thailand's 2016 rice exports to further decline to around 8 million tons.
The USDA Post
forecasts Thailand's MY 2015-16 (January - December 2016) paddy rice production
at around 24 million tons, down from last year's 29.4 million tons and down
from USDA's official estimates of around 29.4 million tons due to a sharp
reduction in off-season rice acreage and production. The Post forecasts Thai MY
2015-15 off-season rice area at around 900,000 hectares, down about 52% from last
year due to limited water resources. It forecasts off-season paddy production
to decline to around 3.1 million tons, down about 57% from last year.
The USDA Post reports
that Thailand's MY 2014-15 rice consumption declined about 3% to around 10.6
million tons (basis milled), due to lower-than- expected-demand for broken rice
in swine feed. Following tight domestic supplies of broken rice in the second
half of 2015 due to G2G contracts with China, Indonesia, and the Philippines,
led to higher prices of broken rice forcing swine farmers to shift to imported
feed wheat, which was 20-30% cheaper than broken rice. It forecasts MY 2015-16
rice consumption at around 11.5 million tons, unchanged from USDA's official
estimates. But, it estimates supplies of broken rice to remain tight in the
first half of 2016 as well.
Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Rally as
Questions Arise about Thai Production
Feb 11, 2016
Chicago rough rice
futures for Mar delivery settled 37 cents per cwt (about $8 per ton) higher at
$11.130 per cwt (about $245 per ton). The other grains finished the day mostly
lower; Soybeans closed about 0.1% lower at $8.6225 per bushel; wheat finished
about 0.8% higher at $4.6125 per bushel, and corn finished the day about 0.2%
higher at $3.6025 per bushel.
U.S. stocks traded
mostly higher on Wednesday as investors digested remarks from Fed Chair Janet
Yellen, as well another choppy trading in oil. Yellen delivered her remarks to
Congress at 10 a.m. ET, in which she notes that, if the U.S. economy were to
disappoint, the Fed would have to reconsider its rate hike path. Yellen
answered questions after delivering her remarks, saying "I don't think it
will be necessary to cut rates but like I said monetary policy is not on a
preset course." The Dow Jones industrial average traded 44 points higher,
or 0.29%. The S&P 500 rose 19 points, or 1.03%, to trade at 1,871, with
health care leading eight sectors higher and utilities and telecommunications
lagging. The Nasdaq gained 77 points, or 1.8%, to 4,345. Gold is seen trading
about 0.5% lower, crude oil is seen trading about 1.6% lower, and the U.S.
dollar is seen trading slightly higher at about 1:15pm Chicago time.
Tuesday, there were
1,249 contracts traded, up from 716 contracts traded on Monday. Open interest –
the number of contracts outstanding – on Tuesday increased by 5 contracts to
13,196.
Asia Rice Quotes Unchanged Today
Feb 10, 2016
Vietnam rice sellers
are out today on account of a holiday. Other Asia rice sellers kept their
quotes unchanged today.
5% Broken Rice
Thailand 5% rice is
indicated at around $370 - $380 per ton, about $20 per ton premium on Vietnam
5% rice last shown at around $350 - $360 per ton. India 5% rice is indicated at
around $360 - $370 per ton, about $30 per ton premium on Pakistan 5% rice shown
at around $330 - $340 per ton.
25% Broken
Rice
Thailand 25% rice is
indicated at around $355 - $365 per ton, about $15 per ton premium on Vietnam
25% rice last shown at around $340- $350 per ton. India 25% rice is indicated
at around $325 - $335 per ton, about $15 per ton premium on Pakistan 25% rice
shown at around $310 - $320 per ton.
Parboiled
Rice
Thailand parboiled
rice is indicated at around $370 - $380 per ton. India parboiled rice is
indicated at around $350 - $360 per ton, about $55 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 premium
on Vietnam 100% broken rice last shown at around $320 - $330 per ton. India's
100% broken rice is shown at around $260 - $270 per ton, about $20 per ton
discount to Pakistan broken sortexed rice shown at around $280 - $290 per ton.
Thai Committee Finds Former Premier Guilty in Rice Pledging Case
Feb 10, 2016
A Finance Ministry
fact-finding committee, chaired by a Deputy Permanent Secretary at the Prime
Minister's Office, found the former Prime Minister Yingluck Shinawatra guilty
of dereliction of duty in the rice pledging case, according to Bangkok Post.
The committee was set
up to study the role of the former PM in overseeing and monitoring her
government’s rice-pledging scheme as well as to decide the amount of
compensation to be sought from her, if found guilty.
The committee
reportedly found that the former PM was negligent in failing to stop corruption
and losses in the rice scheme. However, the committee has not revealed the
amount of compensation that will be sought from Ms.Yingluck. The Chair of the
committee noted that the report has been sent to the Prime Minister and the
Deputy Prime Minister, and once approved by them, it will be sent to another
committee chaired by the Comptroller-General to finalize the compensation that
the former PM and other offenders should pay.
He also noted that the
committee had used a fair approach to arrive at the actual loss incurred from
the scheme, and the approach is reportedly different from the one used by the
Finance Ministry sub-committee earlier. The approach excluded all the benefits
given to farmers, including interest rate on loans, as well as costs incurred
on state agencies for carrying out the scheme.
Another panel is
investigating the role of the former Commerce Minister and 20 other individuals
fake G2G rice sale deals. It is expected to submit a report on compensation to
sought from them.
After the compensation
order is released, the accused can challenge the order in an Administrative
Court within 30 days.
Impact of AEC on Cambodian Rice Exports Cannot be Seen Immediately, Says
Agricultural Official
Feb 10, 2016
Experts have noted
that effect of the ASEAN Economic Community (AEC), which came into effect at
the end of last year, on rice exports cannot be immediately seen, Khmer Times
quoted the Deputy Director of the General Department of Agriculture.
“Since the AEC has come
into effect for a month, we see nothing changing in terms of export of
agricultural products. We continue to wait and see,” he said.
The official told
reporters that the AEC may not be completely helpful for Cambodian rice
exporters to boost exports to the ASEAN Nations. He noted that the AEC calls
for removal of tariffs among the member nations. However, he said, the member
countries may impose other non-tariff barriers, such as hygiene/quality
standards, to control imports.
He, therefore, called
on the exporters to focus on increasing productivity as well as maintaining
quality and hygiene standards of all goods, including rice.
Speaking about the
country's rice exports to the ASEAN member countries in 2016, he said Malaysia
topped the list with 2,736 tons followed by Brunei with 1,974 tons and
Singapore with 418 tons. He noted that Brunei imported Cambodian rice for the
first time. He, however, said that the development may not be linked to the
AEC, but due to the government's efforts as well as political stability. He
also noted that the government is keen on exporting rice to the Philippines but
Cambodia has to compete with cheaper rice from Thailand and Vietnam.
The official noted
that increasing demand for rice in the ASEAN countries would certainly be a
positive factor for the exporters in the long run.
Brunei, Cambodia,
Indonesia, Laos, Malaysia, Myanmar, Singapore, Thailand, Vietnam and the
Philippines are the members of the ASEAN.
USDA Post Forecasts Argentina MY 2015-16 Paddy Rice Production to Decline
17% to 1.262 Million Tons on Low Acreage
Feb 10, 2016
The USDA Post
forecasts Argentina's MY 2015-16 (December 2015 - November 2016) paddy rice
production at around 1.262 million tons, down about 17% from an estimated 1.523
million tons in MY 2014-15, and down from the USDA's official estimates of
around 1.431 million tons.
The Post attributes
the decline to a fall in the paddy rice acreage following heavy rains in the
northern part of the country. The Post forecasts the country's MY 2015-16 paddy
rice acreage at around 202,000 hectares, down from last year's 228,000 hectares
and down from USDA's official estimates of around 215,000 hectares.
The Post forecasts
Argentina's 2016 rice exports to increase to around 520,000 tons from an
estimated 400,000 tons in 2015.
The USDA Post reports that in
December 2015, new government had eliminated export taxes on most of the
agricultural commodities including rice. Prior to elimination of export duties,
rice attracted an export tax of 5-10%. The government also removed currency
controls and eliminated the multiple exchange rate system. "These policy
changes will have a significant impact domestically and in international
markets as these changes will make Argentine agricultural commodities more
competitive and encourage an increase in export sales in the next few
months," said the Post in its earlier report
Fourteen New Hybrid Rice Varieties to Help Boost Pakistan Rice Production
Feb 10, 2016
The Variety Evaluation
Committee (VEC) under the Pakistan Agriculture Research Council (PARC) has
selected 14 new rice hybrids for commercial cultivation in the country,
according to local sources.
The VEC has reportedly
selected the 14 new hybrid rice varieties based on their high-yielding
capacity, good grain quality and resistance to pests. The new varieties are
said to have yielded about 106 maunds per acre (around 10.6 tons per hectare).
It has advised the National Seed Council to push for their commercial
cultivation.
About sixteen private
seed companies have reportedly presented about 29 rice hybrids to the VEC. But,
the VEC had selected only 14 of them. It had rejected the remaining 15
varieties due to poor paddy yield, BLB disease susceptibility and poor grain
quality.
The National
Coordinator (Cereal Systems) of the PARC complimented the private seed
companies for their initiation in rice research and development and for
coordinating with the government to help boost rice production in the country.
Pakistan rice
exporters have been urging the government to encourage more research in the
rice sector to boost production and exports.
Oryza U.S. Rough Rice Recap - Prices Jump on Iraqi Tender Rumors
Feb 11, 2016
The U.S. cash market
was substantially firmer today with offers from farmers and resellers
increasing with the futures market a day after the USDA WASDE report left the
U.S. balance sheet unchanged while decreasing their global supply forecast by 1
million tons.
Today’s price strength
could likely be attributed to unsubstantiated rumors that Iraq will issue a
tender shortly for 90,000 tons of milled rice with the U.S. being the only origin
included in the tender.
Analysts note that if
this is the case then it would be a much welcome shot in the arm for U.S.
producers and mills.
No comments:
Post a Comment