12th September , 2014
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TOP Contents - Tailored for YOU Latest News Headlines…
Iraq Invites International Tenders to Buy 30,000 Tons of Rice ABARES Forecasts Australia 2014-15 Paddy Rice Production at 894,000 Tons, Up 7% from Last Year Domestic Rice Prices in Asia Show Mixed Trends in August 2014, Says FAO Vietnam Exports 614,677 Tons of Rice in July 2014; Down 2% m/m and Up 4% y/y Oryza U.S. Rough Rice Recap - WASDE Leaves Market Little Changed; Export Sales Slide Oryza Afternoon Recap - Chicago Rough Rice Futures Turn Higher as USDA Revises Supply Projections Lower USDA WASDE Recap Oryza Weekly Rice Weather Recap Philippines Bid Offers Doorway into a New Market, Say Cambodia Rice Exporters Rice for the World - 3rd National Rice Research Conference Vietnam Rice Quotes Mixed Today; Other Asia Rice Quotes Unchanged Sri Lanka to Introduce Mobile Rice Supply System to Curb Hoarding and Price Hikes Rice Bucket Challenge's Emotional Connect Makes it a Success Oryza Global Rice Quotes Philippines Rice Stocks Reach 1.72 Million Tons as of August 1, 2014; Down 15% m/m and Down 7% y/y
NEWS DETAILS:
Iraq Invites International Tenders to Buy 30,000 Tons of Rice Sep 11, 2014
Iraq's Trade Ministry has invited international tenders to purchase 30,000 tons of rice from Uruguay, Argentina, Brazil, Vietnam, Thailand and the U.S., according to Bloomberg. The last date for submitting bids is September 22, 2014 and the bids would be valid till September 26, 2014. Tags: Iraq rice tenders, Iraq rice imports
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ABARES Forecasts Australia 2014-15 Paddy Rice Production at 894,000 Tons, Up 7% from Last Year Sep 11, 2014
Australia's paddy rice production in MY 2014-15 (April 2014 - March 2015) is estimated to increase to around 894,000 tons, up about 7% from an estimated 833,000 million tons in MY 2013-14, according to data from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES). The ABARES attributes the increase in paddy rice production to an increase in planting area during the marketing year. Paddy rice planting area is expected to increase to 91,000 hectares, up about 20% from an estimated 76,000 hectares in the previous year due to resumption of the supply of irrigation water to the rice growing regions. About 99% of paddy rice is produced in New South Wales. The ABARES estimates the paddy rice production in the region at around 890,000 tons from around 90,000 hectares of planted area. The region is expected to produce a yield of about 9.89 tons per hectare during the marketing year. USDA estimates Australian paddy rice production to decline to around 700,000 tons (around 504,000 tons of rice, basis milled) in MY 2014-15 (April - March), down about 15% from an estimated 825,000 tons of paddy rice (around 594,000 tons of rice, basis milled) produced last year. It estimates Australia to produce a yield of 10 tons per hectare during the marketing year. Tags: Australia paddy rice production, Australia paddy rice acreage, australia paddy yields
Domestic Rice Prices in Asia Show Mixed Trends in August 2014, Says FAO Sep 11, 2014
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Domestic rice prices in Asia have shown mixed trends in August 2014, according to the UN's Food and Agriculture Organization (FAO). While domestic prices in Myanmar and Cambodia declined sharply, prices increased in Indonesia, Bangladesh and Vietnam. Prices in India, China and the Philippines were relatively stable, says the FAO.
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Rice prices in Myanmar and Cambodia declined during August 2014 due to sustained export demand. Thai domestic rice prices continued to increase in August despite the resumption of rice sales by the military government as the volume of rice sales was not in line with expectations. Domestic rice prices in Vietnam increased sharply during the month due to strong import demand from China, supported prices and increased output from the secondary 2014 summer-autumn crop harvest. Average prices of rice in Indonesia increased sharply in August due to lower than expected 2014 paddy ouput. Rice prices increased in Bangladesh increased during the month due to the ongoing government's procurement from 2014 main season crop. Rice prices in Sri Lanka increased sharply due to contraction in the 2014 paddy production. Retail prices of Japonica rice in China were relatively stable in August due to good supplies from the 2014 record production and increased import volumes. Average rice prices in the Philippines remained stable during the month while the government is awaiting imports to support its dwindling stock levels and rising prices. Rice prices in India also remained stable due to continuing government purchases and export demand. Rice export prices in Thailand, Vietnam, and Pakistan increased in August 2014, according to the FAO. Thai rice export prices took an uptrend after the military government suspended rice sales to conduct inspections of stocks in government warehouses. Export prices remained stable in India while they declined slightly in Uruguay. Tags: FAO, Domestic rice prices, Export rice prices
Vietnam Exports 614,677 Tons of Rice in July 2014; Down 2% m/m and Up 4% y/y Sep 11, 2014
Vietnam's rice exports in July 2014 stood at around 614,677 tons, down about 2% from around 628,322 tons exported in June 2014, and up about 4% from around 588,400 tons exported in July 2013, according to USDA. Asia accounted for around 474,021 tons (about 77% of total rice exports by Vietnam in July 2014), down about 10% from around 528,573 tons exported in June 2014, and up about 40% from around 338,503 tons exported in July 2013. Vietnam exported around 115,668 tons of rice to Africa in July 2014, almost 5 times of around 22,406 tons exported in June 2014, and down about 50% from around 230,726 tons exported in July 2013. Vietnam exported around 12,637 tons of rice to American destinations in July 2014, down about 80% from around 64,640 tons exported in June 2014, and up about 49% from around 8,475 tons exported in July 2013.
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Vietnam's exports to Europe and CIS countries accounted for around 10,289 tons in July 2014, down about 3% from around 10,607 tons exported in June 2014 and up about 2% from around 10,043 tons exported in July 2013. Vietnam's exports to Australia declined by about 2% to around 2,062 tons in July 2014 from around 2,096 tons
exported in June 2014 and increased by about 3 times from around 653 tons exported in July 2013. In terms of grade, 15% broken rice exports accounted for around 258,654 tons (or, about 42% of total exports in July 2014); 5% broken rice exports accounted for around 98,657 tons (or, about 16% of total July exports); Jasmine rice exports accounted for around 120,052 tons (or, about 20% of total July exports) ; 25% broken rice exports accounted for around 35,894 tons (or, about 6% of total exports in July 2014), glutinous rice exports accounted for around 43,559 tons (or, about 7% of total July exports); and 10%, 100% and other varieties accounted for around 57,861 tons (or, about 9% of total exports in June 2014). Tags: Vietnam rice exports, USDA, Vietnam rice exports to Asia, Vietnam rice exports to Africa, Vietnam rice exports to Europe
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Oryza U.S. Rough Rice Recap - WASDE Leaves Market Little Changed; Export Sales Slide Sep 11, 2014
The U.S. cash market was little changed today after the USDA’s release of the World Agriculture Supply and Demand Report which showed a 3.1 million cwts decrease in long grain beginning stocks as well as an 11.0 million cwts decrease in long grain production on account of decreased acres and field yields. The USDA also cut long grain domestic use and exports by 4.0 and 5.0 million cwts, respectively, which ultimately led to a 5.1 million cwt decrease in their 2014/2015 ending stocks projection. As of today, offers could be found around $12.85-$13.33 per cwt fob farm (about $283-$294 per ton) while bids were unchanged near $12.50-$12.75 per cwt (about $276-$281 per ton) for September-October delivery; however, most buyers and sellers have not been able to come together on price. In the meantime, today the USDA reported that cumulative net export sales for the week ending on September 4, totaled 32,000 tons which was 43% less than last week an 55% less than the prior 4-week average. Increases reported for the following destinations: 7,800 tons to Mexico, 7,000 tons to Ghana, 5,300 tons to Honduras including 2,000 tons switched from unknown destinations and decreases of 200 tons, 4,000 tons to Costa Rica, and 3,000 tons to Turkey while decreases of 2,000 tons were reported for unknown destinations. Net sales reductions of 3,300 tons were reported for 2015/2016 which resulted in a 200 ton increase for Mexico which was more than offset by decreases of 3,500 tons for Honduras. U.S. rice exporters shipped 19,700 tons which was 53% less than last week and from the prior 4-week average. The primary destinations included: 7,100 tons to Haiti, 4,300 tons to Honduras, 2,800 tons to Mexico, 1,800 tons to Jordan, and 1,300 tons to Canada. Tags: U.S. rice prices, U.S. rice market
Oryza Afternoon Recap - Chicago Rough Rice Futures Turn Higher as USDA Revises Supply Projections Lower Sep 11, 2014
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Chicago rough rice futures for Nov delivery settled 19 cents per cwt (about $4 per ton) higher at $12.520 per cwt (about $276 per ton). Rough rice futures turned higher today as the USDA adjusted supplies lower as a result of reduced acreage and yield when compared to last month’s report. Many trade insiders felt that these changes were necessary and actual expect further reductions going forward. Today’s gains are seen as a technically positive development for the market and could be further confirmation that the market has indeed put in a low and that a bullish reversal is underway. The other grains did not react as favorably to today’s USDA S&D update and finished the day sharply lower; soybeans closed about 1.2% lower at $9.8150 per bushel; wheat finished about 2% lower at $5.0300 per bushel, and corn finished the day about 1.4% lower at $3.4100 per bushel. U.S. stocks shaved losses on Thursday as oil regained some ground and investors weighed President Barack Obama's announcement of increased action against Islamic State militants. U.S. stock index futures had pointed to a weaker open on Wall Street after Obama announced on Wednesday evening new plans to fight Islamic State militants and jobless claims for the week came in higher than expected. Initial claims for state unemployment benefits increased 11,000 to a seasonally adjusted 315,000 for the week ended September 6, the highest level since June, the Labor Department said on Thursday. However, claims remained near pre-recession levels and did not indicate a significant change in labor market conditions. Chinese inflation data also caused concern that the world's second-largest economy was losing steam. Traders are also looking ahead to Friday's data, which includes retail sales and consumer sentiment. Next week, investors will turn their focus to the Federal Reserve meeting and other political events. The Dow Jones Industrial Average traded 28 points lower, or 0.16%, at 17,040.17. The S&P 500 fell 2 points, or 0.11%, to 1,993, with health care leading five decliners and utilities the greatest advancer. The Nasdaq was 9 points lower, or 0.20%, at 4,577. Gold is trading about 0.5% lower, crude oil is seen trading about 0.7% higher, and the U.S. dollar is seen trading a touch lower at about 1:00pm Chicago time. Wednesday, there were 673 contracts traded, up from 325 contracts traded on Tuesday. Open interest – the number of contracts outstanding – on Wednesday decreased by 70 contracts to 8,975.
USDA WASDE Recap U.S. 2014/15 rice supplies are lowered 11.5m cwt because of declines in both beginning stocks and production, while imports are unchanged from a month ago. U.S. rice production for 2014/15 is forecast at 218.3m cwt, down 10.5m from last month due both to a decrease in area harvested and yield. Harvested area is estimated at 2.91m acres, down 116,000 from last month. The average all rice yield is estimated at 7,501 lbs/acre, down 59 lbs/acre from last month. All rice beginning stocks for 2014/15 are lowered 0.9m cwt from last month to 31.8 (rough equivalent basis) based on USDA’s August Rice Stocks report. All rice 2014/15 domestic consumption and residual is lowered 3.0m cwt to 131.0m due mainly to lower supplies. Exports are forecast at 102.0m cwt, down 7m from last month.
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All rice ending stocks are lowered 1.5m cwt to 38.1m. The 2014/15 LG season-average farm price range is projected at $12.50-$13.50/cwt, up $0.50/cwt on both ends of the range from last month compared to $15.40/cwt for 2013/14. Projected global 2014/15 rice ending stocks are reduced slightly on lower supplies. Global beginning stocks are lowered slightly, due mostly to a reduction in Thailand. Global 2014/15 rice consumption is lowered a little from last month. Global 2014/15 ending stocks are projected at 105.1m tons, down 268,000 tons from last month, and a decline of 4.8m from the previous year. Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market
Oryza Weekly Rice Weather Recap Sep 11, 2014
Heavy rain is expected across Sichuan Basin, Shaanxi, Shanxi, eastern Hetao areas of Inner Mongolia, Henan and northern Hubei, in China on Thursday and Friday. In the Yangtze Valley, showers earlier this week boosted moisture supplies and benefited single-season and late-season rice there. Scattered rain is expected across Thailand on Thursday and Friday. Thereafter, heavy rain is expected in the North, the Northeast, the Central, the East and the South West Coast in Thailand from Saturday to Monday. Seasonably heavy showers last week boosted moisture supplies for rice across Thailand. Scattered showers are expected across northern Vietnam on Thursday and Friday. Across southern Vietnam, some rain showers are expecting on Friday. Moisture conditions were improving in Vietnam, and last week's rain aiding establishment of winter rice there. In India, heavy rain is expected in isolated places over Uttar Pradesh, Madhya Pradesh, Bihar, Maharashtra, West-Bengal and Odisha during the next three days. Last week’s rainfall favoured late-planted rice in Chhattisgarh, Jharkhand , West Bengal, and Orissa. Rainfall in Bihar, however, was unseasonably light, but moisture conditions remain adequate for rice development. Rain showers are expected in isolated places in Malakand, Hazara, Peshawar, Kohat, Rawalpindi, Gujranwala, Lahore, Sargodha, Mirpurkhas, Hyderabad, Karachi divisions, Islamabad, Kashmir and Gilgit-Baltistan, in Pakistan during the next two days. Light rain is likely to occur in many places over Chittagong, Rangpur & Sylhet divisions and one or two places over Rajshahi, Dhaka, Khulna & Barisal divisions in Bangladesh on Thursday and Friday. Scattered showers are expected across most of Indonesia through Friday.
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In U.S., Rice producers had harvested about 26% of the nation’s rice crop by September 7. Many Louisiana producers were approaching completion of the rice harvest, but muddy conditions and downed rice are making harvesting difficult. Overall, 74% of the U.S. rice crop was reported in good to excellent condition. Tags: weather, Rice weather, rice crop forecast, rice news
Philippines Bid Offers Doorway into a New Market, Say Cambodia Rice Exporters Sep 11, 2014
Cambodian rice exporters are concerned that they lack requisite expertise as well as infrastructure to meet the technical terms and conditions specified in the Philippines government's rice import bid, according to local sources.Following the rejection of all bids in the open tender to import 500,000 tons of 25% broken white rice on August 27, 2014, the National Food Authority (NFA) of the Philippines has decided to import the said volume or rice through a government-to-government deal. Accordingly, it sought price quotations from Thailand, Vietnam and Cambodia for the imports under consideration. However, the Cambodian rice exporters are worried that the technical terms and conditions specified by the Philippines government are very stringent and they cannot meet them appropriately. One exporter noted that the NFA bid order required the winning government to deliver a minimum of 200,000 tons of rice across 14 ports in the Philippines, adding that they don't have adequate production and logistics management to adhere to this specification. Another exporter noted that due to inadequate storage facilities, they may not be able to supply such huge amounts of rice to the Philippines within the stipulated time. The President of the Cambodia Rice Federation said they are prepared to quote for a part of the Philippines imports despite several challenges as it offers immense export opportunities going further. Cambodia exported around 177,928 tons of rice in January - June 2014, up about 1% from around 175,959 tons exported during the same period in 2013, according to the Secretariat One Window Service (SOWS-REF) under the Ministry of Trade. USDA estimates Cambodia to export around 1 million tons of rice in 2014, including both official and unofficial exports to Vietnam. Tags: Cambodia rice exports, Cambodia rice federation (CRF)
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Rice for the World - 3rd National Rice Research Conference Sep 11, 2014
Date: September 11 - 12, 2014 Venue: Miracle Grand Convention Hotel (Bangkok) The National Rice Research Conference is being held by the National Research Council of Thailand with cooperation of Thai Rice Foundation under Royal Patronage, Kasetsart University, Vocational Education Commission (VEC), Department of Rice, Bank for Agriculture and Agricultural Co-operatives, Agricultural Research Development Agency (ARDA), Thailand Research Fund (TRF), National Science and Technology Development Agency (NSTDA). The academic presentations are divided into 6 groups according to the national rice research strategy 20132017, as follows: 1. Improvement of rice varieties 2. The technological development of rice production 3. The development of management technologies after harvest and logistics. 4. The development for value-added creation and processing. 5. The development of economy, society and marketing of rice. 6. The development of systematic promotion and transfer of technology. For more information and registrations please visit: http://en.nrct.go.th/en/News/tabid/78/ctl/ArticleView/mid/388/articleId/...
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Vietnam Rice Quotes Mixed Today; Other Asia Rice Quotes Unchanged Sep 11, 2014
Vietnam rice sellers increased their quotes for Jasmine rice by about $5 per ton to around $590 - $600 per ton and lowered their quotes for 5% broken rice by about $5 per ton to around $445 - $455 per ton today. Other Asia sellers kept their quotes mostly unchanged. 5% Broken Rice Thailand 5% rice is quoted at around $425 - $435 per ton, about $20 per ton discount to Vietnam 5% rice shown at around $445 - $455 per ton, down about $5 per ton from yesterday. 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. 25% Broken Rice Thailand 25% rice was last quoted at around $350 - $360 per ton, about $55 per ton discount to Vietnam 25% rice shown 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. Tags: Vietnam rice prices, India rice prices, pakistan rice prices, Thailand rice prices
Sri Lanka to Introduce Mobile Rice Supply System to Curb Hoarding and Price Hikes 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
Sep 11, 2014
The Sri Lankan government has decided to introduce a mobile rice supply system to ensure uninterrupted supplies in the country as well as to curb hoarding and further spike in prices, according to local sources. The Minister of Internal Trade and Cooperatives told local sources that the system will be initiated within the next ten days. He noted that for the purpose, the government will distribute rice through the state-owned Lanka Sathosa trucks to every part of the country, adding that they are planning to sell rice at every junction in all towns and cities. The Minister stated that the system would allow the government to have control on the supplies as well as prices and this would protect farmers and the consumers. He noted that this kind of controlled selling is needed to prevent rice hoarding and further increase in prices. The country's Finance Secretary told media sources that government will import around 100,000 tons of rice this year as the country's paddy production is likely to decline about 17% to 3.32 million tons (around 2.26 million tons, basis milled) from around 4 million tons (around 2.72 million tons, basis milled) produced in 2013 due to ongoing drought. It is understood that the government has imported around 50,000 tons of rice from India and will import another 50,000 tons from Bangladesh. Proactively, the government had removed all taxes on rice imports in April this year to help improve supplies amid drought conditions. The UN's Food and Agricultural Organization (FAO) has estimated Sri Lanka's paddy rice production to decline to around 3.9 million tons (around 2.65 million tons, basis milled) in 2014, down about 16% from around 4.62 million tons (around 3.14 million tons , basis milled) produced in 2013. USDA estimates Sri Lanka to produce around 2.8 million tons of rice, basis milled (around 4.1 million tons, basis paddy) and import around 20,000 tons in MY 2014-15 (October 2014 - September 2015). Sri Lanka’s consumption needs are estimated at around 2.9 million tons of milled rice per year. Tags: Sri Lanka rice production, Sri Lanka rice imports, Sri Lanka rice prices
Rice Bucket Challenge's Emotional Connect Makes it a Success Sep 11, 2014
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Thousands of candles can be lit from a single candle and the life of the candle will not be shortened. Happiness never decreases by being shared. That's the spirit that is evident among those who have taken up the Rice Bucket Challenge. Take a look at what Sophie La Rêveuse said on the RBC page: Yesterday, the 31 kg collected last sunday has been distributed.Check out Mudita, a nonprofit association created in France in July 2014 to develop a local response to the needs of the Indian population in Mysore [a city in southern state of Karnataka].
Sophie's emotions towards rice donation. "Feel the joy of giving," reads her Facebook status message recently. She donated one kg each to 30 people and the smiles on the recipient's face was unbeatable. People across India and world seem to be connecting to Rice Bucket Challenge and that is reason for its super success. Tags: Rice, bucket challenge, ice bucket challenge, ALS, RBC, India, rice donation, rice news
Oryza Global Rice Quotes September 11th, 2014 Long grain white rice - high quality Thailand 100% B grade 440-450
↔
Vietnam 5% broken
445-455
↓
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
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↔
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
↔
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 590-600
↑
India basmati 2% broken
NQ
↔
Pakistan basmati 2% broken
NQ
↔
Cambodia Phka Malis 880-890
↔
↔
Brokens Thailand A1 Super
NQ
↔
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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 U.S. Calrose 4% broken
1025-1035
Egypt medium grain 6%
NQ
↔
↔
All prices USD per ton, FOB vessel, oryza.com
Philippines Rice Stocks Reach 1.72 Million Tons as of August 1, 2014; Down 15% m/m and Down 7% y/y Sep 11, 2014
Total rice stocks in the Philippines as of August 1, 2014 reached around 1.72 million tons, down about 15% from around 2.03 million tons recorded in July 2014, and down about 7.4% from around 1.86 million tons recorded during the same period last year, according to the Bureau of Agricultural Statistics (BAS).
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According to the BAS, household stocks (which account for about 40.7% of total rice stocks in the country) have reached around 700,000 tons as of August 1, 2014, up about 10% from their year-ago levels of around 640,000 tons. Commercial warehouse rice stocks (which account for about 33.6% of total stocks) have reached around 580,000 tons as of August 1, 2014, almost unchanged from last year. The rice stocks with the National Food Authority (NFA) (which account for 25.7% of total stocks) stood at about 440,000 tons, down about 31% from around 640,000 tons recorded in August 2013. Month-on-month, household rice stocks are down about 20%, NFA rice stocks - in which about 96% are imported rice - are down about 3% and commercial warehouse rice stocks are down about 16% from the previous month levels, according to the BAS. The BAS says that the Philippines' rice stocks as of August 1, 2014 are enough to last for 51 days (household stocks are enough for 21 days, commercial warehouses stocks are enough for 17 days and stocks with NFA are enough for 13 days). Tags: Philippines rice stocks, National Food Association (NFA), Bureau of Agricultural Statistics (BAS)
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