11th September , 2014
Chinese COLOR SORTER as low as Pak Rs 22 Lakh Only A Time Limited Offer Contact: Cell: 0300 414 3493
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
TOP Contents - Tailored for YOU Latest News Headlines…
IBGE Estimates Brazil 2014 Paddy Rice Production to Increase to 12.2 Million Tons; Up 4% from Last Year Cold Weather Delays Italian Rice Crop India Develops New Pest-Resistant and High-Yielding Basmati Rice Variety Oryza Overnight Recap - Chicago Rough Rice Futures Unchanged as Market Remains Dull ahead of Large Harvest Oryza Global Rice Quotes Malaysia Buys 200,000 Tons of Rice from Thailand Thai New Commerce Minister Prioritizes Rice Sector Reforms Researchers Find New Approach to Increase Rice Yields and Reduce Greenhouse Gases in China Oryza U.S. Rough Rice Recap - Prices Soften ahead of WASDE Pakistan Rice Production Set to Decline due to Floods; Prices May Surge Vietnam, Pakistan Rice increase Some of Their Quotes Today; Other Asia Rice Quotes Unchanged
NEWS DETAILS:
IBGE Estimates Brazil 2014 Paddy Rice Production to Increase to 12.2 Million Tons; Up 4% from Last Year Sep 10, 2014
The Brazilian Institute of Geography and Statistics (IBGE) has estimated Brazil's 2014 paddy rice production to increase to around 12.2 million tons, up about 4% from around 11.76 million tons produced in 2013, according to a press release on its website.In its August estimates, the IBGE expects the average yield in 2014 to reach around 5.172 tons per hectare, up about 3.4% from around 5 tons per hectares achieved in 2013. The Institute expects the area harvested under rice to reach around 2.36 million hectares in 2014. The Rio Grande do Sul is the largest paddy producing region in Brazil and accounts for about 67.8% of Brazil's total paddy rice production. The IBGE expects the region to achieve a yield of about 7.4 tons per hectare on an
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
area of around 1.11 million hectares.In August 2014, Brazil‟s National Grains Supply Company (Conab) has lowered its paddy rice production forecast for 2013-14 to around 12.2 million tons, up about 3% from about 11.82 million tons produced in 2012-13 and almost unchanged from its July forecast.USDA estimates Brazil's milled rice production at around 8.35 million tons in MY 2014-15 (April 2014 - March 2015), slightly up from around 8.3 million tons produced in MY 2013-14. Brazil's 2014-15 rice exports are estimated at around 900,000 tons, down about 5% from around 950,000 tons exported in 2013-14. Brazil's 2014-15 rice imports are estimated at last year's level of around 700,000 tons. Tags: Brazil rice production, Brazil rice acreage, Brazil paddy yield
Cold Weather Delays Italian Rice Crop Sep 10, 2014
An old saying goes, “When in August you can sleep, it is not a good rice year.” Following the cold weather of this crop year, Coldiretti Pavia, the most important farmers‟ union of Pavia province, forecasts a decrease of 10% in paddy production for this area, noting that in some cases, the percentage could reach as much as 1520%.In July and August, there were 20 days in which the minimum temperature dropped below the seasonal average of 19 degrees Celsius. This change in temperature has caused plant ripeness to slow down with many panicles not yet growing their grains. All of this will bring a delay in harvesting, which will likely be postponed until the end of September or the beginning of October. In the Lombardy area, Coldiretti says there has been a significant reduction in production with a loss of 200,000 tons from 2012. There are about 1,800 total farmers with 73,000 hectares in Pavia province, 11,500 hectares in Milan province, 1,000 hectares in Lodi province, and 900 hectares in Mantova province. The decrease is due to climate change and the substitution of rice with other commodities due to price trends. Tags: weather, climate, Climate change, Coldiretti, Italian paddy, italian rice production, Italian rice market, italian rice paddy
India Develops New Pest-Resistant and HighYielding Basmati Rice Variety Sep 10, 2014
Scientists at the Indian Agriculture Research Institute (IARI), part of the Indian Council of Agriculture Research (ICAR) under the Agriculture Ministry have developed a new pest-resistant and high-yielding basmati
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
rice variety, called 'Pusa 1609', according to local sources.Pusa 1609 is resistant to plant diseases like 'neck blast' and 'leaf blast', which usually impact the yield of basmati rice.
"The new variety is developed with special resistance genes Piz5 and Pi54 to protect the plants from „neck blast‟ and „leaf blast‟ disease", the ICAR scientists were quoted as saying.The scientists also told local sources that the new variety is early maturing compared to older basmati rice varieties. Pusa 1609 has a maturity period of 120 days while older varieties need maturity period of about 130-140 days. The new variety is understood to yield around 6 tons per hectare compares to 4.5 tons per hectare yielded by the earlier basmati rice varieties. The Agriculture Ministry will reportedly release the new variety on a trial basis in western Uttar Pradesh, Uttarakhand, Punjab and some parts of Delhi region soon after reviewing reports from the ICAR. Scientists say Pusa 1609 would revolutionize basmati rice production in India.Officials at the Indian Agriculture Ministry have estimated basmati rice acreage in the 2014 kharif rice season (June - December) at around 3.5 million hectares, up about 40% from around 2.5 million hectares planted last year, according to local sources.India exported around 3.76 million tons of basmati rice in FY 2013-14 (April - March), up about 9% from around 3.46 million tons exported in FY 2012-13, according to data from the Agricultural and Processed Food Products Export Development Authority (APEDA). India exported a total of 10.78 million tons of rice (including basmati and non-basmati) in FY 2013-14, up about 6% from about 10.15 million tons exported last year. Tags: India basmati rice acreage, India basmati rice varieties, India basmati rice production, PUSA 1609, ICAR
Oryza Overnight Recap - Chicago Rough Rice Futures Unchanged as Market Remains Dull ahead of Large Harvest Sep 10, 2014
Chicago rough rice futures for Nov delivery are seen 0.5 cents per cwt (about $0.11 per ton) lower at $12.350 per cwt (about $272 per ton) during early floor trading in Chicago. The other grains are seen trading mostly higher this morning: soybeans are currently seen 0.3% higher, wheat is listed about 0.9% lower and corn is noted about 0.1% higher. U.S. stocks tallied slight losses on Wednesday, a day after the S&P 500's largest decline in a month, as investors pondered when the Federal Reserve would start hiking interest rates. Ahead of
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Wednesday's open, the Mortgage Bankers Association reported home-mortgage applications declined last week as interest rates rose. The Dow Jones Industrial Average fell 20.04 points, or 0.1%, to 16,993.83. The S&P 500 shed 2.26 points to 1,986.18. The Nasdaq declined almost 1 point to 4,551.57. Gold is currently trading marginally higher, crude oil is seen trading about 0.6% lower, and the U.S. dollar is currently trading about 0.1% higher at 8:45am Chicago time. Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market
Oryza Global Rice Quotes September 10th, 2014 Long grain white rice - high quality Thailand 100% B grade 440-450
↔
Vietnam 5% broken
450-460
↔
India 5% broken
435-445
↔
Pakistan 5% broken
430-440
↑
Cambodia 5% broken
465-475
↔
U.S. 4% broken
525-535
↓
Uruguay 5% broken
610-620
↔
Argentina 5% broken
610-620
↔
Long grain white rice - low quality ↔
Thailand 25% broken
NQ
Vietnam 25% broken
405-415
↔
Pakistan 25% broken
370-380
↔
Cambodia 25% broken 450-460
↔
India 25% broken
390-400
↔
U.S. 15% broken
515-525
↓
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Long grain parboiled rice Thailand parboiled 100% stxd
430-440
Pakistan parboiled 5% broken stxd
↔
440-450
India parboiled 5% broken stxd 420-430
↔
U.S. parboiled 4% broken
600-610
↓
Brazil parboiled 5% broken
595-605
↔
Uruguay parboiled 5% broken NQ
↔
↔
Long grain fragrant rice Thailand Hommali 92% Vietnam Jasmine
1050-1060 585-595
↑
India basmati 2% broken
NQ
↔
Pakistan basmati 2% broken
NQ
↔
Cambodia Phka Malis 880-890
↔
↔
Brokens Thailand A1 Super
NQ
↔
Vietnam 100% broken 340-350 Pakistan 100% broken stxd Cambodia A1 Super
↔
330-340
360-370
↔
India 100% Broken stxd
330-340
Egypt medium grain brokens
NQ
U.S. pet food
↓
460-470
Brazil half grain
NQ
↔
↔
↔
↔
Medium grain milled
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
U.S. Calrose 4% broken
1025-1035
Egypt medium grain 6%
NQ
↔
↔
All prices USD per ton, FOB vessel, oryza.com
Malaysia Buys 200,000 Tons of Rice from Thailand Sep 10, 2014
Malaysia's state grains buying agency Bernas has bought 200,000 tons of rice from Thai exporters via private deals for immediate delivery, according to Reuters.Thai exporters told local sources that Bernas has purchased rice from the latest 2014 off-season crop (January - July), harvested in July-August and maintained by private exporters.They also told that Bernas is planning to strike a government-to-government (G2G) deal with the Thai government to purchase another 200,000 tons, adding that Bernas representatives are likely to visit Bangkok over the next few weeks to discuss over the G2G deal. Malaysia is a traditional buyer of Thai rice but shifted to Vietnam over the past few years after the rice pledging scheme led to an illogical increase in Thai rice prices.Malaysia imports around one million tons of rice yearly. USDA estimates Malaysia to produce around 1.755 million tons and import around 1.1 million tons of rice in 2014 to meet a consumption demand of around 2.775 million tons.Thailand is keen on reclaiming its worldâ€&#x;s top exporter status this year after two years of suppression due to the controversial rice pledging scheme. According to data from the Thai Rice Exporters Association (TREA), Thailand exported around 5.62 million tons of rice in the first seven months of 2014, up about 55% from around 3.61 million tons exported during the same period in 2013. TREA estimates Thailand to export over 10 million tons of rice in 2014. Tags: Malaysia Rice Imports, Thai rice exporters
Thai New Commerce Minister Prioritizes Rice Sector Reforms Sep 10, 2014
Thailand's newly appointed Commerce Minister is keen on prioritizing rice sector reforms, including sale of 18 million rice stocks in government warehouses, driving up rice prices, reducing production costs and driving exports, according to local sources.The Minister told local sources decisions regarding rice sales should be taken carefully to avoid excessive fall in prices. He also noted that too much delay in rice sales would on the other hand lead to deterioration of quality and higher stock holding costs.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
The newly appointed Deputy Commerce Minister told local sources that the government would need the Thai Rice Exporters Association (TREA) support to frame strategies to promote Thai rice exports.The Commerce Minister and his Deputy are keen on expanding overall exports of the country, which shrank by about 0.42% in the first seven months of 2014, by at least 1.9% y/y. Tags: Thai rice exports, Thai rice sector, Thai rice prices, Thai rice stocks
Researchers Find New Approach to Increase Rice Yields and Reduce Greenhouse Gases in China Sep 10, 2014
A new study by Stanford Woods Institute Senior Fellow Peter Vitousek and his team at the China Agricultural University has found that rice cultivation methods in China could be designed in such a manner so as to improve yields while reducing environmental damages.The Integrated Soil-Crop System Management (ISSM) approach is aimed at increasing rice yields in tune with the growing population as well as reducing greenhouse gas (GHG) emissions from rice fields. The ISSM approach allows farmers to alter their decisions like crop selection, planting, sowing and nutrient management depending on the field's conditions. On field experiments using the ISSM approach between 2009 and 2012 showed that the approach required much less fertilizer and also used the fertilizer more efficiently by not wasting much of nitrogen and emitting significantly lower greenhouse gases.The researchers say Chinese rice farmers use maximum amount of fertilizer to increase rice yields, which has been leading to environmental damage by way of increasing GHG emissions. They say a prolonged overuse of fertilizers would ultimately lead to climate changes.They also noted that such an approach, which increases yield while contributing to lesser environmental damage is important for China, which is the world's largest populated country but has significantly higher levels of air and water pollution.This would help ensure food security in China and help it play a vital role in influencing global food markets, they added.China already spends billions of dollars annually to help financially under-developed countries, mostly in Africa, increase rice production as well as guide them with poverty alleviation programs. In this sense, adoption of ISSM may certainly go a long way in benefitting China. Tags: China rice production, Greenhouse gas emissions, Nitrogen efficiency, Fertilizer usage
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Oryza U.S. Rough Rice Recap - Prices Soften ahead of WASDE Sep 10, 2014
The U.S. cash market was slightly weaker today ahead of the USDAâ€&#x;s release of the World Agriculture Supply and Demand Report tomorrow.Offers decreased slightly to around $12.85-$13.33 per cwt fob farm (about $283$294 per ton) while bids also decreased to around $12.50-$12.75 per cwt (about $276-$281 per ton) for September-October delivery; however, there were no trades reported. Tags: U.S. rice market, U.S. rice prices
Pakistan Rice Production Set to Decline due to Floods; Prices May Surge Sep 10, 2014
Pakistan's rice production is likely to be severely impacted by continuous rains and ensuing floods in the main rice growing region of Punjab, according to local sources.Floods have devastated several hectares of paddy rice fields, according to officials in the agriculture department. They told local sources that some millions of rupees worth paddy is likely to be destroyed. Rice farmers have expressed severe disappointment over the government's lacklustre attitude. They blamed the government for not attempting to build sufficient reservoirs and dams to store flood water.Experts are expecting the local rice prices to increase significantly following this devastation. Currently, average retail prices of basmati rice stand at around Rs.76,540 (around $770) per ton and those of non-basmati rice prices stand at around Rs.61,540 (around $620) per ton. Average retail prices of basmati rice have been stable since June 2013, and average retail prices of non-basmati rice are stable since May 2014.The National Space Agency of Pakistan (SUPARCO) estimates Pakistan FY 2013-14 (July - June) milled rice production to cross 7 million tons. USDA estimates Pakistan to produce about 6.6 million tons of rice, basis milled, in MY 2013-14 (November 2013 - October 2014). It estimates Pakistan rice production to increase to about 6.7 million tons in MY 2014-15.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Tags: Pakistan rice production, Pakistan floods, pakistan rice prices, Pakistan Space and Upper Atmosphere Research Commission (SUPARCO
Vietnam, Pakistan Rice increase Some of Their Quotes Today; Other Asia Rice Quotes Unchanged Sep 10, 2014
Vietnam rice sellers increased their quotes for Jasmine rice by about $5 per ton to around $585 - $595 per ton today. Pakistan rice sellers increased their quotes for 5% broken rice by about $10 per ton to around $430 $440 per ton. Other Asia sellers kept their quotes mostly unchanged. 5% Broken Rice Thailand 5% rice is quoted at around $425 - $435 per ton, about $25 per ton discount to Vietnam 5% rice quoted at around $450 - $460 per ton. India 5% rice is quoted at around $435 - $445 per ton, about $5 per ton premium on Pakistan 5% rice quoted at around $430 - $440 per ton, up about $10 per ton from yesterday. 25% Broken Rice Thailand 25% rice was last quoted at around $350 - $360 per ton, about $55 per ton discount to Vietnam 25% rice quoted at around $405 - $415 per ton. India 25% rice is quoted at around $390 - $400 per ton, about $20 per ton premium on Pakistan 25% rice quoted at around $370 - $380 per ton. Parboiled Rice Thailand parboiled rice is quoted at around $430 - $440 per ton. India parboiled rice is quoted at around $420 $430 per ton, about $20 per ton discount to Pakistan parboiled rice last quoted at around $440 - $450 per ton. 100% Broken Rice Thailand broken rice, A1 Super, was last quoted at around $310 - $320 per ton, about $30 per ton discount to Vietnam broken rice quoted at around $340 - $350 per ton. India broken sortexed rice is quoted at around $330 - $340 per ton, on par with Pakistan broken sortexed rice quoted at around $330 - $340 per ton.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874