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1 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |
www.ricepluss.com & www.riceplus.blogspot.com
For Blog & daily Newsletter advertisement contact: [email protected]
June 25 ,2015
2 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |
www.ricepluss.com & www.riceplus.blogspot.com
For Blog & daily Newsletter advertisement contact: [email protected]
Global Rice Quotes
June 24th, 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 385-395 ↔
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 340-350 ↔
Cambodia 25% broken NQ ↔
India 25% broken 350-360 ↔
U.S. 15% broken 440-450 ↔
Long grain parboiled rice
3 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |
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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 ↔
4 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |
www.ricepluss.com & www.riceplus.blogspot.com
For Blog & daily Newsletter advertisement contact: [email protected]
All prices USD per ton, FOB vessel, oryza.com
Myanmar Exporters Struggle to Meet
European Rice Standards
Jun 24, 2015
-
5 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |
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Currently Myanmar exports milled rice to the European Union (EU) at zero percent duty under
the Everything But Arms (EBA) agreement, which was extended in 2012, and the EU has been
assisting the South east Asian nation to develop its rice sector and supply them quality rice.In
order to export to quality rice to the EU, the government of Myanmar needs to invest sufficiently
in expanding and upgrading domestic mills and other domestic infrastructure, according to a
World Bank report released last year.
The Secretary General of the Myanmar Rice Federation (MRF) told local sources that
Myanmar's rice lacks quality compared with some neighboring countries. “We need to think
about quantity and quality to promote exports. But quantity is tough to increase, so we should
look at improving quality and exporting Europe to receive a good price,” he was quoted as
saying.Experts have suggested that though Myanmar seeks to improve the quality of rice, certain
practical challenges have been arising in upgrading rice mills and improvement of quality checks
in line with international demands.
Recently, a delegation from the EU reportedly visited Myanmar seeking to purchase fragrant
rice. “If there is market interest, we will grow fragrant rice and export it to Europe,” said the
Vice Chair of the MRF.According to the MRF data, Myanmar exported around 100,000 tons of
rice to the EU in 2014 and the government is targeting to export 200,000 tons this year.The EU
statistics show that Myanmar's rice exports to the EU increased about 81% to around 144,552
tons during September 2014 - April 2015 from around 79,942 tons during the same period last
year.
Government of Togo Takes Measures to
Boost Rice Production
Jun 24, 2015
The government of the West African nation Togo has distributed 300 tons of improved rice seeds
to farmers as part of efforts to increase rice production in the country, Bloomberg quoted
the Agriculture Minister.The Togo government also provided 300 tons or improved corn seeds
to the farmers. It reportedly spent about 600 million CFA francs (around $1.023 million) on the
operation.
Togo is a net importer of rice and imports about half of its rice consumption needs annually.
USDA estimates Togo to produce about 95,000 tons of milled rice and import about 100,000
6 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |
www.ricepluss.com & www.riceplus.blogspot.com
For Blog & daily Newsletter advertisement contact: [email protected]
tons of rice in MY 2014-15 (October- September) to meet an annual consumption of about
195,000 tons.
Oryza Overnight Recap – Chicago Rough
Rice Futures Continue to Drift Sideways on
Lack of Fundamental News
Jun 24, 2015
Chicago rough rice futures for Jul delivery are currently seen trading 2.5 cent per cwt (about $1
per ton) lower at $9.810 per cwt (about $216 per ton) during early floor trading in Chicago. The
other grains are seen trading lower this morning; soybeans are currently seen trading about 0.2%
lower, wheat is listed about 0.7% lower and corn is currently noted about 0.4% lower.U.S. stocks
traded lower on Wednesday as discouraging developments in the Greece debt talks weighed on
investor sentiment, amid domestic data. A Greek government official said that Prime Minister
Alexis Tsipras had told associates that Greece's proposed measures had not been accepted by
creditors, Reuters reported on Wednesday. Prior to the news, recent reports had indicated
progress towards a resolution ahead of Greece's June 30 payment deadline to the International
Monetary Fund on June 30.
The Eurogroup meets in Brussels on the matter at 1 p.m. ET Wednesday. In U.S. economic
news, the final read on first-quarter gross domestic product (GDP) data showed a decline of
0.2%, in-line with expectations and above a previous estimate of a 0.7% contraction. The
improved read supports the improving trend in more recent economic reports that indicate
moderate growth in the second quarter. Better performance strengthens the Federal Reserve's
case for raising short-term interest rates as early as September. The Dow Jones Industrial
Average opened down 67 points, or 0.37%, at 18,077. The S&P 500 opened down 3 points, or
0.18%, at 2,120, with materials leading nine sectors lower and utilities the only gainer. The
Nasdaq opened down 10 points, or 0.20%, at 5,150. Gold is currently trading about 0.3% lower,
crude oil is seen trading about 0.3% higher, and the U.S. dollar is currently trading about 0.1%
lower at9:00am Chicago time.
7 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |
www.ricepluss.com & www.riceplus.blogspot.com
For Blog & daily Newsletter advertisement contact: [email protected]
Oryza U.S. Rough Rice Recap - Offers Jump
with Futures while Bids Hold Steady
Jun 24, 2015
The U.S. cash market was firmer today with offers increasing in tandem with the futures market while
bids remained at the same levels seen earlier in the week.Analysts note that despite the run up in the
futures today, buyers insist that there is not enough demand to justify paying the prices farmers are
willing to sell at.Analysts remain doubtful that tomorrow’s USDA exports sales report will show a
substantial increase from the previous three weeks sales figures, all of which were uninspiring .
Pakistan Rice Exporters Seek Special
Package from Government
Jun 24, 2015
8 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |
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Members of the Rice Exporters Rice Association of Pakistan (REAP) have urged the government
to provide a special package for the rice sector to help alleviate the problems of rice growers and
exporters, according to local sources.At a meeting in the Ministry of National Food Security and
Research on June 23, the REAP members put forth their demands to the government. In the light
of increasing rice surplus stocks, the exporters sought a subsidy on rice exports and removal of
withholding tax on loans taken by rice growers and exporters. They also demanded for
procurement of surplus stocks by the Pakistan Agriculture Storage and Services Corporation
(PASSCO) Limited.
Pakistan consistently produces around one million tons of basmati rice annually, but is unable to
export all the produced output due to a competition from India. Pakistan’s basmati rice exports
have declined to around 630,035 tons in 2014 from around 968,941 tons in 2012 and from
around one million tons in 2011. Local sources say the unsold stock is being accumulated as
stocks. Currently, Pakistan has around 600,000 tons of basmati stocks and traders are expecting
to add another 400,000 tons this year taking the stock level to about one million tons by the end
of this year.
Decline in global rice export prices also contributed to a fall in rice export earnings. While
export prices of Pakistan 5% rice declined about 12% to around $390 per ton from around $445
per ton last year, basmati rice export prices declined about 34% to around $895 per ton from
around $1,350 per ton last year.The South Asian nation produced a record 7 million tons of rice
in 2014-15 (July - June), up about 3% from last year due to an increased acreage under high-
yielding rice varieties and increased availability of irrigation water. However, local consumption
of rice is only 3 million tons and the remaining is for export.
Oryza Afternoon Recap - Chicago Rough
Rice Futures Rocket Past $10.000 on Last-
Minute Buying Frenzy; Wheat and Corn
Unable to Maintain Early Gains and Slip to a
Loss by the Close
Jun 24, 2015
9 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |
www.ricepluss.com & www.riceplus.blogspot.com
For Blog & daily Newsletter advertisement contact: [email protected]
Chicago rough rice futures for Sep delivery settled 29 cent per cwt (about $6 per ton) higher at
$10.125 per cwt (about $223 per ton). Rough rice futures shot higher in the closing moments of
trading today as aggressive buying pushed price beyond previous resistance just below $10.000
per cwt (about $220 per ton) which had held since mid-April. Traders will now watch for follow-
through buying and continue higher as a signal that the recent sideways trend has truly come to
an end and that a bullish move is underway. The other grains closed lower as afternoon selling
saw a day of back-and-forth trading slip into the red for all products of the complex; Soybeans
closed about 0.6% lower at $9.8175 per bushel; wheat finished about 0.7% lower at $5.1800 per
bushel, and corn finished the day about 0.3% lower at $3.6650 per bushel.U.S. stocks traded
lower on Wednesday as discouraging developments in the Greece debt talks weighed on investor
sentiment, amid domestic data. The Dow Jones industrial average traded about 150 points lower
in early afternoon trade.
The Dow transports fell more than 2% as railway stocks dragged all components lower. Euro
zone leaders struck a mostly negative tone in their remarks on the negotiations Wednesday.
European Union Vice President Valdis Dombrovskis said progress is being made but a long
night of talks is likely as many issues remain, Reuters reported. German Finance Minister
Wolfgang Schaeuble said he did not expect an agreement on Greece Wednesday. Speaking
before a meeting of European finance officials in Brussels, he added he didn't feel much had
changed on the Greece issue since Monday. In U.S. economic news, the final read on first-
quarter gross domestic product (GDP) data showed a decline of 0.2%, in-line with expectations
and above a previous estimate of a 0.7% contraction.
Encouragingly, consumer spending was revised up to 2.1% from the initial 1.8%.The improved
read supports the improving trend in more recent economic reports that indicate moderate growth
in the second quarter. Better performance strengthens the Federal Reserve's case for raising
short-term interest rates as early as September. The Dow Jones Industrial Average traded down
145 points, or 0.80%, at 17,998. The S&P 500 traded down 13 points, or 0.60%, at 2,111, with
materials leading all 10 sectors lower. The Nasdaq traded down 31 points, or 0.60%, at 5,129.
Gold is trading about 0.3% lower, crude oil is seen trading about 1.6% lower, and the U.S. dollar
is seen trading at about 0.2% lower at about 1:00pm Chicago time.Tuesday, there were 1,491
contracts traded, up from 1,167 contracts traded on Monday. Open interest – the number of
contracts outstanding – on Tuesday decreased by 284 contracts to 9,610.
10 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |
www.ricepluss.com & www.riceplus.blogspot.com
For Blog & daily Newsletter advertisement contact: [email protected]
Philippines Weather Agency Expects Onset of
Rainy Season Soon
Jun 24, 2015
The Philippine Atmospheric, Geophysical and Astronomical Services Administration
(PAGASA) has announced on June 23 that it is expecting the onset of the rainy season within the
next few days, according to a news release on its website.It noted that in the coming days,
moderate to heavy rains are expected over most parts of Western Luzon and Western Visayas
due to the Low Pressure Area (Area) due to the southwest monsoon. However, it noted that
monsoon breaks or periods of no rain are expected during the rainy season. In the first week of
June, the PAGASA predicted a weak El Nino affecting the regualr monsoons.“Farmers should
11 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |
www.ricepluss.com & www.riceplus.blogspot.com
For Blog & daily Newsletter advertisement contact: [email protected]
plant early, they should start the land preparation right now,” the Agricultural Secretary was
quoted as saying.
Currently, the country's rice self-sufficiency is at 96-97%. In the second week of June, the
Philippines Statistics Authority (PSA) estimated Philippines's 2015 second quarter (April -
June) production to decline by about 4.3% to around 3.898 million tons from last year's
4.073 million tons due to a decline in harvest area prompted by dry spell and insufficient
water supply as well as incidence of pests and diseases in some rice growing areas
Government of Tanzania Urged to Settle Rice
Export Issue with EAC
Jun 24, 2015
12 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |
www.ricepluss.com & www.riceplus.blogspot.com
For Blog & daily Newsletter advertisement contact: [email protected]
The Chairman of the Rice Council of Tanzania (RCT) has urged the government to settle the rice
export issue with the East African Community (EAC), as Kenya and Uganda banned rice imports
from Tanzania for its rice shipments being mixed up with low quality Indian and Pakistani rice,
according to local sources.Speaking at a meeting on the challenges faced by the country's rice
sector, the official noted that most of the low quality rice from India, Pakistan, Thailand and
China is smuggled through porous borders. Such unofficial imports have not only denied
requisite tax revenue to the Tanzanian government but also spoilt the reputation of the Tanzanian
rice, he said.
He also reportedly emphasized that since importers of rice from these countries do not pay taxes,
they sell rice cheaply in the local market depriving requisite income to farmers, who incur heavy
costs to produce their rice. Also rice production in Tanzania is not subsidized unlike in most of
the Asian rice producing countries.The official reminded that in 2014, Tanzania produced over
700,000 tons of paddy but could not export anything to the EAC markets. Therefore, he urged
the Tanzania Revenue Authority (TRA) to ensure that low quality rice does not enter the
country's borders and also improve its collection particularly in porous borders.
The Executive Director of Agricultural non- state actors Forum (Ansaf) added that if the
government does not act promptly, apart from Tanzania further losing its reputation, its economy
might be impacted significantly due to loss of income for rice producers as well as export
revenues for the government.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).
Thailand to Auction One Million Tons of Rice
in July
Jun 24, 2015
The government of Thailand is planning to sell about
one million tons of rice in an open tender in early July as
part of its efforts to cut down its rice stocks accumulated
from the rice pledging scheme introduced by the
previous government in October 2011, according to
Reuters.The Deputy Director-General of the Commerce
Ministry's Foreign Trade Department told reporters that
the exact date of the tender would be decided on June 26
13 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |
www.ricepluss.com & www.riceplus.blogspot.com
For Blog & daily Newsletter advertisement contact: [email protected]
in a meeting.The upcoming rice auction is the fourth one this year and the eighth auction since
the military government took over in May 2014. The Commerce Ministry sold about 2.73 million
tons of rice in the first seven auctions since it took power, raising over $888 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.
Thailand Advises Farmers to Further Delay
Rice Planting Till August
Jun 24, 2015
The government of Thailand has requested
farmers in the Central region to further delay
rice planting till August from the earlier set July
as 22 of the 76 provinces are still fighting
drought conditions, according to Reuters.The
Minister of Natural Resources and Environment
told local sources that the government would
dig 500 new wells near the Chao Phraya River,
in addition to the 300 wells already in place, to
help store water along the river.The Irrigation
Department is planning to reduce water supply in the Chao Phraya basin due to exceptionally
low levels of water in the Chao Phraya reservoir, according to Bloomberg. Supply is expected to
decline by 5 million cubic feet per day to 28 million cubic feet per day. On June 12, it reduced
water supply to about 30-35 cubic feet per day from the earlier 62 million cubic feet per day. At
this pace the Department expects to use the available water till August 10, by when it expects
rains to resume.
About 850,000 rai of rice land (around 136,000 hectares) may be affected due to the additional
water cut. Initially around 3.44 million rai (about 550,400 hectares) of rice land was expected to
be unaffected by the cut in water supplies.A decline in production in Thailand is expected to
push up rice prices, which have declined significantly since the beginning of the year. Export
prices of Thai 5% rice are currently ruling at about $370 per ton compared to about $410 at the
beginning of the year.