Asian Rice Quotes Mixed Today
Dec 17, 2015
Vietnam rice sellers have increased their quotes for glutinous rice
variety by about $10 per ton to around $710 - $720 per ton today. India
rice sellers lowered their quotes for 25% broken rice and 100% broken rice
varieties by about $5 per ton each to around $325 - $330 per ton and $280 -
$290 per ton respectively. Pakistan rice sellers lowered their
quotes for 100% broken rice variety by about $5 per ton to around $285 - $295
per ton . Other Asian rice sellers have kept their quotes unchanged today from
yesterday.
5% Broken Rice
Thailand 5% rice is
indicated at around $340 - $350 per ton about $30 per ton discount on Vietnam
5% rice shown at around $370 - $380 per ton. India 5% rice is indicated at
around $355 - $365 per ton, about $25 per ton premium on Pakistan 5% rice shown
at around $330 - $340 per ton.
25% Broken
Rice
Thailand 25% rice is indicated
at around $335 - $345 per ton, about $20 per ton discount on Vietnam 25% rice
shown at around $355- $365 per ton. India 25% rice is indicated at around $325
- $335 per ton, about $25 per ton premium on Pakistan 25% rice shown at around
$300 - $310 per ton.
Parboiled
Rice
Thailand parboiled
rice is indicated at around $345 - $355 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 $320 - $330 per ton, about $15 per ton discount to Vietnam
100% broken rice shown at around $335 - $345 per ton. India's 100% broken rice is
shown at around $280 - $290 per ton, about $5 per ton discount to Pakistan
broken sortexed rice shown at around $285 - $295 per ton
Government of Turkey Announces 2015-16 Paddy Purchase Price
Dec 17, 2015
The government of
Turkey has announced the paddy purchasing price for 2015-16 at around TL 1,580
(around $534) per ton, according to local sources.
The Food, Agriculture
and Livestock Minister told reporters that the Turkish Grain Board (TMO) will
begin purchases of paddy from farmers from December 17, 2015. The Minister
noted that a premium of TL 100 (around $34) per ton over the determined price
would be paid to farmers who are registered with the farmer registration
system.
Harvesting of rice
began in September and prices have been falling since then according to
industry sources. Paddy prices dropped from around TL 1,800 in (around $608)
per ton in September to around TL 1,300 (around $439) per ton in December,
according to some industry sources. They noted that milled rice prices dropped from
TL 2,900 (around $980) per ton to around TL 2,500 (around $845) per ton during
the period.
Some industry experts
hailed the government intervention and noted that it will help farmers to sell
their stocks at a decent price. Following intervention, experts are expecting
the paddy prices to settle at levels TL 1,700 ($574)- TL 1,800 ($608) per ton
within the next few months.
“We hope the prices
neither go up nor down a lot. There has to be a balance in order to maintain
growers continue production. This would avoid imports. Growers would give up
production if they do not make money," an industry expert was quoted.
Harvesting ended on
November 7, 2015. Turkey reportedly produced record 920,000 tons of paddy this
year, up about 11% from around 830,000 tons in 2014.
Mali 2015-16 Paddy Rice Output Reaches 2.45 Million Tons, Up 13% from
Previous Year
Dec 17, 2015
Mali's 2015-16 paddy
rice production reached around 2.45 million tons (about 1.59 million tons,
basis milled), up about 13% from last year's 2.17 million tons (about 1.41
million tons, basis milled) but short of an initial forecast, Reuters quoted
government statistics.
Harvesting of the
2015-16 rice will almost finish this month, according to government sources.
However, the remaining harvesting is reportedly unlikely to add significantly
to the total paddy output.
"The increase
this year is generally explained by good rain, an increase in planted land, new
strains like 'Nerica', the use of more fertiliser especially with the help of
subsidies," the Head of the Rural Development Ministry's Statistics
Division.
Mali is the second
largest rice producing nation in Africa after Nigeria, and produces over 85% of
the country’s domestic rice demand of about 1.65 million tons.
The UN's Food and
Agriculture Organization (FAO) forecasted Mali's 2015 2015 paddy rice
production at around 2.451 million tons, up about 13% from around 2.167 million
tons in 2014.
USDA estimates Mali to
produce 2.231 million tons or paddy (about 1.45 million tons, basis milled) in
MY 2015-16 (October - September), down from last year's 2.3 million tons
(around 1.495 million tons, basis milled). It estimates Mali to import 180,000
tons in 2015 and 200,000 tons of rice in 2016, up from 150,000 tons imported in
2014.
Global
Rice Quotes
December 17th, 2015
Long grain white rice - high quality
Thailand 100% B grade 350-360
↔
Vietnam 5% broken 370-380 ↔
India 5% broken 355-365
↔
Pakistan 5% broken 330-340 ↔
Myanmar 5% broken 410-420 ↔
Cambodia 5% broken 425-435
↔
U.S. 4% broken 480-490
↔
Uruguay 5% broken 520-530 ↔
Argentina 5% broken 515-525 ↔
Long grain white rice - low quality
Thailand 25% broken 335-345 ↔
Vietnam 25% broken 355-365 ↔
Pakistan 25% broken 300-310 ↔
Cambodia 25% broken 400-410
↔
India 25% broken 325-335
↓
U.S. 15% broken 500-510
↔
Long grain parboiled rice
Thailand parboiled 100% stxd 345-355
↔
Pakistan parboiled 5% broken stxd 405-415
↔
India parboiled 5% broken stxd 350-360
↔
U.S. parboiled 4% broken 500-510
↔
Brazil parboiled 5% broken 545-555
↔
Uruguay parboiled 5% broken NQ
↔
Long grain fragrant rice
Thailand Hommali 92% 690-700
↔
Vietnam Jasmine 450-460
↔
India basmati 2% broken NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Mails 830-840
↔
Brokens
Thailand A1 Super 320-330
↔
Vietnam 100% broken 335-345
↔
Pakistan 100% broken stxd 285-295
↓
Cambodia A1 Super 355-365 ↔
India 100% broken stxd 280-290
↓
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 CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Make Last
Minute Surge to Close Back above $11.000/cwt; Grains Trade Higher as Markets
Weigh FOMC Rate Height
Dec 18, 2015
Chicago
rough rice futures for Jan delivery settled 15.5 cents per cwt (about $3 per
ton) higher at $11.110 per cwt (about $245 per ton). The other grains finished
the day higher; Soybeans closed about 1.7% higher at $8.7775 per bushel; wheat
finished about 0.1% higher at $4.8400 per bushel, and corn finished the day
about 1.2% higher at $3.7425 per bushel.
U.S.
stocks held lower in choppy trade Thursday as investors eyed oil prices and economic
data, after the Federal Reserve on Wednesday made the widely expected move of
raising rates. Analysts also noted markets could see some volatility ahead of
options expiration Friday. In economic news, the Philly Fed index for December
was minus 5.9, the lowest of the year after a positive 1.9 print in November.
Leading indicators for November showed a 0.4% rise, with October unrevised, up
0.6%, according to StreetAccount.
Initial claims came in at 271,000. The U.S.
current account deficit in the third quarter increased 11.7% to $124.1 billion,
its highest level in nearly seven years, as a strong dollar weighed on exports
and the profits of multinational corporations, the Commerce Department said.
European stocks ended higher, off session highs, while Asian equities closed
higher with the Nikkei up more than 1.5%.In afternoon trade, the Dow Jones
industrial average traded down 135 points, or 0.77%, at 17,614. The S&P 500
traded down 18 points, or 0.9%, at 2,054, with energy leading nine sectors
lower and utilities trying for gains.
The
Nasdaq composite traded down 37 points, or 0.74%, at 5,033. Gold is seen
trading about 2.4% lower, crude oil is seen trading about 1.9% lower, and the
U.S. dollar is seen trading about 1.4% higher at about 1:00pm Chicago
time.Wednesday, there were 2,088 contracts traded, up from 1,232 contracts
traded on Tuesday. Open interest – the number of contracts outstanding – on
Wednesday increased by 338 contracts to 15,635.
European Commission Begins Consultation on CAP Greening Measures
Dec 17, 2015
The European
Commission (EC) has launched a consultation on greening measures under the
Common Agricultural Policy (CAP) on December 16, 2015 and will be open till
March 8, 2016.
The aim of the
consultation is to consider the views of professionals and other stakeholders
with in-depth knowledge and hands-on experience of greening and to help the EC
to review the greening measures. At the time of Reform, the EC agreed to review
the rules relating to the Ecological Focus Area after the first year of
application. The review will be focused on administrative burden,
simplification potential, level playing field and aspects of production
potential.
Farmers, Member
States' administrations, representative organisations and non-governmental
organisations at EU and national level, academics/researchers and interested
public are requested to fill an on line questionnaire to send the EC their
opinions on this matter.
The greening measures
pertain to the environmental sustainability and represent 30% of CAP direct
funding. In order to access this payment, farmers must comply with three
agricultural practices - crops diversification, permanent pasture, the presence
of ecological focus areas - in accordance with the size of their land.
In the case of rice, farms below
30 hectares are considered greening complying the crop is submerged for a part
significant of the year or of the cycle crop for more than 75% of total
surface; and farms above 30 hectares are considered greening complying only if
there are three different crops, and the first two must not exceed 95% of the
surface.
Conab Estimates Brazil 2015-16 Paddy Rice Production to Decline About 4%
y/y on Low Acreage
Dec 17, 2015
In
its December forecasts for rice production, Brazil’s National Grains Supply
Company (Conab) has estimates the country's 2015-16 paddy rice production at
around 11.921 million tons (around 8.2 million tons, basis milled), down about
4% from an estimated 12.436 million tons (around 8.6 million tons, basis
milled) in 2014-15 due to a likely reduction in acreage. However, Conab's
production forecast was above its November forecast of around 11.733 million
tons (around 8.1 million tons) due to an expected improvement in yields.
Conab
estimates Brazil's 2015-16 paddy rice acreage at around 2.207 million hectares,
slightly down from around 2.295 million hectares in 2014-15, and down from its
November forecast of around 2.289 million hectares.Most of the decline in
2015-16 acreage is expected in the key rice growing Centro-Sul region. Rice
acreage in the Centro-Sul region is estimated at around 1.488 million hectares,
down from around 1.557 million hectares in 2014-15, and down from around 1.55
million hectares in November 2015. On the other hand, paddy rice acreage in the
North/North east regions is projected at around 718,600 hectares, down from
around 738,200 hectares in 2014-15, and down from last month's forecast of
around 738,700 hectares.
Conab
estimates the average rice yield in Brazil in 2015-16 at around 5.402 tons per
hectare, down from around 5.42 tons per hectare recorded in the previous year,
and up from last month's forecast of 5.35 tons per hectare.USDA estimates
Brazil MY 2015-16 (April – March) paddy rice production at around 11.765
million tons (around 8 million tons, basis milled), down about 6% from an
estimated 12.5 million tons (around 8.5 million tons, basis milled) in MY
2014-15. It estimates Brazil’s 2015-16 paddy rice acreage to increase slightly
to around 2.3 million hectares from last year's 2.295 million hectares. USDA
estimates Brazil to export around one million tons of rice and import around 450,000
tons of rice in 2015.
Typhoon 'Melor' Damages 29,481 Tons of Paddy Rice Worth $5.42 Million in
Philippines, Says DA
Dec 17, 2015
The typhoon 'Melor'
(Nona) has damaged about 29,481 tons of Paddy worth P255.87 million (around
$5.42 million) in around 15,758 hectares, according to local sources.According
to the initial estimates by the Philippines Department of Agriculture (DA),
around 11,416 hectares of rice farms have a chance of recovery, while 4,342
hectares of land is beyond recovery. Rice farms in Region 5 (Bicol Region),
Camarines Sur and Albay have been particularly affected significantly.
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