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Daily December 10, 2014
Exclusive ORYZA E-Newsletter
DAILYCompiled EXCLUSIVE ORYZA E-NEWSLETTER & Edited by Riceplus Magazine
December 10, 2014 Vol 4 Issue XII
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December 10, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER News Headlines… Pakistan Rice Sector Urged to Adopt Modern Technologies to Avoid Losses Fiji Receives China Support to Boost Rice Production Tags: Fiji rice production, Fiji Rice Imports Global Rice Quotes Pakistan Rice Sellers Lower Most of Their Quotes Today; Other Asia Rice Quotes Unchanged Thai Government Approves On-Farm Pledging Program for 2014-15 Main Crop Fragrant and Glutinous Rice USDA Post Estimates South Korea Rice Imports to More Than Double to 560,000 Tons in MY 2014-15
News Detail… Pakistan Rice Sector Urged to Adopt Modern Technologies to Avoid Losses Dec 09, 2014
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December 10, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
Rice experts in Pakistan have stressed for improved rice quality and modern harvesting and milling technology in the country, according to local sources.Speaking at a national seminar on "Rice quality and head recovery affected by harvesting/threshing and milling practices,� the Secretary of Pakistan Agricultural Research Council (PARC) noted that Pakistan lacks special rice combine harvesters and most of the farmers have been using conventional wheat combine harvesters for rice harvesting leading to increased grain shattering, breakage losses and low head rice recovery. The National Agricultural Research Council (NARC) Director General added that introduction of new improved harvesting machines can increase the quality of rice as well as reduce postharvest losses. He noted that PARC has developed newer technologies and the PARC and NARC are working together to educate and train farmers to adopt those technologies and thereby increase the quality of rice production and minimize losses. Other speakers noted that poor crop conditions, traditional drying and storage practices are also leading to low head rice recovery. They added that paddy harvested by head feeding combines resulted in better head rice recovery.They suggested for introduction of new and improved rice varieties; introduction of latest head feeding combines; installation of rice kits on conventional wheat combines; introduction of modern threshers and mechanical dryers; and a legislation directing farmers to reduce moisture content. Tags: Pakistan rice sector, Pakistan rice production, harvesters, dryers
Fiji Receives China Support to Boost Rice Production Dec 09, 2014
Fiji's Agriculture Ministry has signed a Memorandum of Understanding (MoU) with the Chinese government to provide a boost to the government's Rice Revitalization Program, according to local sources.According to the MOU, the China Shandong International Economic and Technical Cooperation Group Limited (CSI) and the Yuan Longping High–Tech Agriculture Company Riceplus Magazine wwww.ricepluss.com mujahid.riceplus@gmail.com Cell: +92 321 369 2874 28
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December 10, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
Limited will provide technical support to the Fijian government and help it increase local rice production. Fiji's Agriculture Permanent Secretary told local sources that the MoU would help the government significantly reduce the annual import bill of around $40 million. He noted that most of the rice fields in Fiji fall under economic depressed zones, which are far from markets. “There is a need to develop those zones and convert them into production and commercial areas in order to increase our local rice production,” he added.The CSI Deputy Manager noted that they will introduce newer technology to farmers as well as train them to use it and boost rice production. He added that their aim is to increase the paddy per hectare yield from the current 2.5 tons to over 8 tons.The Chinese government has approved $10 million for the purpose and the project will commence from January 2015 through December 2016. The Fijian government has already identified some lands for implementing the project.Fiji is a net importer of rice and imports about 70% of its rice consumption needs of around 44,000 tons annually. Fiji imports rice majorly from Thailand and India. Tags: Fiji rice production, Fiji Rice Imports
Global Rice Quotes December 9th, 2014 Long grain white rice - high quality Thailand 100% B grade 415-425 Vietnam 5% broken 385-395 ↔ India 5% broken 395-405 ↔ Pakistan 5% broken 375-385 ↓ Cambodia 5% broken 460-470 ↔ U.S. 4% broken 540-550 ↔ Uruguay 5% broken 595-605 ↔ Argentina 5% broken 595-605 ↔
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Long grain white rice - low quality Thailand 25% broken NQ ↔ Vietnam 25% broken 355-365 ↔ Pakistan 25% broken 335-345 ↓ Cambodia 25% broken NQ ↔ Riceplus Magazine wwww.ricepluss.com mujahid.riceplus@gmail.com Cell: +92 321 369 2874 28
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December 10, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
India 25% broken U.S. 15% broken
355-365 515-525
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Long grain parboiled rice Thailand parboiled 100% stxd 400-410 Pakistan parboiled 5% broken stxd 410-420 India parboiled 5% broken stxd 380-390 U.S. parboiled 4% broken 580-590 ↔ Brazil parboiled 5% broken 570-580 ↔ Uruguay parboiled 5% broken NQ ↔ Long grain fragrant rice Thailand Hommali 92% 915-925 Vietnam Jasmine 525-535 ↔ India basmati 2% broken NQ ↔ Pakistan basmati 2% broken NQ ↔ Cambodia Phka Malis 825-835 Brokens Thailand A1 Super 330-340 ↔ Vietnam 100% broken 325-335 Pakistan 100% broken stxd 290-300 Cambodia A1 Super NQ ↔ India 100% Broken stxd 300-310 Egypt medium grain brokens NQ ↔ U.S. pet food 445-455 ↔ Brazil half grain NQ ↔
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All prices USD per ton, FOB vessel, oryza.com
Pakistan Rice Sellers Lower Most of Their Quotes Today; Other Asia Rice Quotes Unchanged Dec 09, 2014
Pakistan rice sellers lowered most of their quotes by about $5 - $10 per ton today. Other Asia rice sellers kept their quotes mostly unchanged.
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December 10, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
5% Broken Rice Thailand 5% rice is quoted at around $400 - $410 per ton, about $15 per ton premium on Vietnam 5% rice shown at around $385 - $395 per ton. India 5% rice is quoted at around $395 $405 per ton, about $20 per ton premium on Pakistan 5% rice quoted at around $375 - $385 per ton, down about $5 per ton from yesterday. 25% Broken Rice Thailand 25% rice was last quoted at around $350 - $360 per ton, about $5 per ton discount to Vietnam 25% rice shown at around $355 - $365 per ton. India 25% rice is quoted at around $355 - $365, about $20 per ton premium on Pakistan 25% rice quoted at around $335 - $345 per ton, down about $5 per ton from yesterday. Parboiled Rice Thailand parboiled rice is quoted at around $400 - $410 per ton. India parboiled rice is quoted at around $380 - $390 per ton, about $30 per ton discount to Pakistan parboiled rice quoted at around $410 - $420 per ton, down about $10 per ton from yesterday. 100% Broken Rice Thailand broken rice, A1 Super, is quoted at around $330 - $340 per ton, about $5 per ton premium on Vietnam 100% broken rice shown at around $325 - $335 per ton. India's 100% broken rice is shown at around $300 - $310 per ton, about $10 per ton premium on Pakistan broken sortexed rice quoted at around $290 - $300 per ton, down about $10 per ton from yesterday. Tags: pakistan rice prices, India rice prices, Vietnam rice prices, Thailand rice prices
Thai Government Approves On-Farm Pledging Program for 2014-15 Main Crop Fragrant and Glutinous Rice Dec 09, 2014
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December 10, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
The Rice Policy and Management Committee, headed by the Thai Prime Minister, has approved the onfarm pledging program for 2014-15 (October 2014 - September 2015) paddy main-crop fragrant and glutinous rice on November 5, 2014, to limit downward pressure on prices during the harvest time, according to USDA Post.The program is called “Farmer Loans to Delay the Sales of Rice Paddy for MY2014/15 Main-Crop Fragrant and Glutinous Rice Paddy� and is open till February 2015. The government expects to collect around 2 million tons of rice paddy under the program due to high intervention prices.The government is planning to buy fragrant rice paddy at prices about 23% higher than market prices and glutinous rice paddy at prices about 41% higher than market prices and auction the collected rice in after February 2015 when the program ends. The government is expected to spend about 29 billion baht (around $921 million) on the program. The Bank of Agriculture and Agricultural Cooperatives (BAAC) will provide interest-free loans for farmers participating in the program.The program is in line with the government's plan to delay sale of around 2 million tons of rice to control price falls in the harvest season.The Post forecasts Thailand to export around 10.5 million tons of rice in 2014 and around 11 million tons in 2015. It expects Thai rice prices to remain competitive for the remaining period of 2014 due to large main-crop supplies of white and fragrant rice. Thailand exported around 1.2 million tons of rice in October 2014, up about 59% from around 754,717 tons exported during the same period last year, according to data from Thai Customs Department.USDA Post estimates Thailand 201415 paddy rice production at around 30.5 million tons (around 20.8 million tons, basis milled) from around 11.39 million hectares of rice area.
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December 10, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
USDA Post Estimates South Korea Rice Imports to More Than Double to 560,000 Tons in MY 2014-15 Dec 09, 2014
USDA Post has forecasted South Korea's rice imports to more than double to around 560,000 tons in MY 2014-15 (November - October) from an estimated 240,000 tons last year, and up about 37% from USDA's official estimates of around 410,000 tons.The South Korean government has decided to open its rice import market and impose tariffs of about 513% on imports over and above its minimum market access (MMA) quota of about 409,000 tons under WTO regulations. Imports under the MMA quota would attract a tariff of 5%. However, the move is opposed by farmers and civic groups saying the move would demean the local rice sector.The Post estimates South Korea's MY 2014-15 milled rice production at around 4.24 million tons, slightly up from an estimated 4.23 million tons last year; and about 1.4% up from USDA's official estimates of around 4.18 million tons due to continued favorable weather conditions until the completion of the harvest.However, South Korea's rice acreage is expected to decline about 2% to around 816,000 hectares in MY 2014-15 from an estimated 833,000 hectares last year due to conversion of some agricultural land to develop commercial complexes. Tags: South Korea rice imports, South Korea rice production
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