13th August , 2014
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TOP Contents - Tailored for YOU Latest News Headlines…
China to Buy 100,000 Tons of Rice from Cambodia in Next Nine Months Asia Rice Quotes Unchanged Today Brazil Paddy Rice Index Up From Last Week Nearly 95% of Italian Paddy Rice Sold One Month before New Crop Harvest European Paddy, Rice Prices Stable as New Crop Approaches Oryza Global Rice Quotes Oryza Afternoon Recap - Chicago Rough Rice Futures Finish Little Changed as USDA WASDE Report Meets Expectations Oryza Rice Currency Analysis for Today – Currencies Little Changed Oryza Overnight Recap - Chicago Rough Rice Futures Trade Slightly Higher while Other Grains Seen Lower Oryza U.S. Rough Rice Recap - Prices Hold after WASDE Reports Slightly Higher US Production Oryza Shares Press Release: Food Security Summit on Agricultural and Nutrition Challenges and Solutions in Asia Pacific Poor Monsoon, Delayed Rice Crop, Inflation – Rough 2014 for India Rice Price to Shoot up from December in Thailand
News Detail..
China to Buy 100,000 Tons of Rice from Cambodia in Next Nine Months Aug 12, 2014
China has agreed to buy 100, 000 tons of Cambodia's rice under a Memorandum of Understanding (MoU) signed on August 12 in Beijing, China. Under this agreement, between China National Cereals, Oils and Foodstuffs Corporation (COFCO) and Green Trade, China will import rice in various phases between August 2014 and April 2015. China state-owned company Green Trade will oversee the supply.Specific breakdown in varieties and tonnage would be the second step forward, said the Ministers of
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Commerce of both the countries who stood as witnesses. China is the fifth biggest rice importer of Cambodian rice. Incidentally, Cambodia exported about 20, 000 tons to China in 2013 and prohibitive transportation costs is the reason for the reduction in imports.A lso, Cambodia could neither meet China’s demand for long grained rice nor compete with Vietnam in the pricing. Tags: China, Cambodia, Rice, rice news, import, export, MoU, COFCO, Green Trade
Asia Rice Quotes Unchanged Today Aug 12, 2014
Asia rice sellers kept their quotes mostly unchanged today. Thailand rice sellers are out today due to a national holiday. 5% Broken Rice Thailand 5% rice was last quoted about $445 - $455 per ton, about $5 per ton premium on Vietnam 5% rice shown about $440 - $450 per ton. India 5% rice is quoted about $435 - $445 per ton, about $10 per ton discount to Pakistan 5% rice quoted about $445 - $455 per ton. 25% Broken Rice Thailand 25% rice was last quoted about $350 - $360 per ton, about $55 per ton discount to Vietnam 25% rice shown about $405 - $415 per ton. India 25% rice is quoted about $390 - $400 per ton, about $5 per ton discount to Pakistan 25% rice quoted at about $395 - $405 per ton. Parboiled Rice Thailand parboiled rice was last quoted about $445 - $455 per ton. India parboiled rice is quoted about $425 - $435 per ton, about $25 per ton discount to Pakistan parboiled rice quoted about $450 - $460 per ton. 100% Broken Rice
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Thailand broken rice, A1 Super, was last quoted about $310 - $320 per ton, about a $25 per ton discount to Vietnam broken rice shown about $335 - $345 per ton. India broken sortexed rice is quoted about $340 - $350 per ton, about $15 per ton premium on Pakistan broken sortexed rice quoted about $325 - $335 per ton. Tags: Asia rice quotes, India rice quotes, Rice, Thailand rice quotes, Pakistan rice quotes, Vietnam rice quotes
Brazil Paddy Rice Index Up From Last Week Aug 12, 2014
The Brazilian paddy rice index maintained by CEPEA reached at about 36 real per 50 kilograms as of August 11, 2014, up about 0.4% from about 35.86 real per 50 kilograms recorded on August 4, 2014. In terms of USD per ton, the index reached at about $316 per ton on August 11, 2014, down about 0.5% from about $318 per ton recorded on August 4, 2014.
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Tags:
Brazil, Paddy, Rice Index, current, rice news
Nearly 95% of Italian Paddy Rice Sold One Month before New Crop Harvest Aug 12, 2014
With about one month left before the next harvest, there are still 82,089 tons of paddy rice still available on the Italian market; starting from beginning availability of 1,447,783 of September 2013, 94.8% has been sold up to August 5 (equivalent to 1,373,067 tons). In the week between July 29 and August 5 paddy reached 18,471 tons, but many varieties are no longer available. For some highly requested varieties the sales have surpassed availability. In the case of ArborioVolano beginning availability was fixed at 78,799 tons, but up to now 83,669 have been sold. At the Milan grain exchange in Italy, farm gate paddy quotes as for August 5 are limited to only five varieties: Roma paddy rice is firm at 460-490 euros (about $ 614-655) per ton; Thaibonnet is slightly increasing, passing from 220-230 euros (about $ 294-307) per ton of July 29 to 230-240 euros (about $ 307-320) per ton of August 5; Valone Nano remains the best-seller, unchanged at 925-960 euros (about $ 1,236-1,283) per ton, while Selenio is not moving from 255-275 (about $ 340-367) per ton. Tags: italy paddy prices, italy paddy sales, italy rice production
European Paddy, Rice Prices Stable as New Crop Approaches Aug 12, 2014
BRUSSELS - European paddy quotes in the week July 29 and August 5 are mostly stable. There is some movement in Romania where prices are slightly increasing for paddy, and declining for milled rice.SPAIN Prices for paddy rice are slightly moving: Japonica varieties advanced slightly from 277 euro (about $ 370) per ton, to 278 (about $ 371) per ton. Japonica milled rice is stable at 542 euros (about $ 724) per ton. Indica quotations are slightly lower, falling from 270 euros (about $ 360) per ton July 29 to 267 euros (about $ 356) per ton of August 5. No quotations are available for milled Indica rice. PORTUGAL - No quotations are available both for paddy and milled rice.GREECE - Greek paddy quotations are stable: medium varieties remain firm at 400 euros (about $ 534) per ton; long varieties remain at around 450 euros (about $ 601) per ton and Indica from 240 euros (about $ 403) per ton.
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ROMANIA - Paddy Japonica rice quotations are increasing, starting from 302 euros (about $ 403) per ton of July 29 to 323 euros (about $ 431) per ton of August 5. There’s a similar trend for Indica paddy, up from 282 euro (about $ 376) per ton of July 29 to 305 euros (about $ 407) per ton of August 5. The trend reverses for milled rice; Japonica milled rice quotes declined from 866 euros (about $ 1,157) per ton of July 29 to 725 euros (about $ 969) per ton of August 5 while Indica milled rice quotes fell from 789 euros (about $ 1,054) per ton of July 29 to 621 euros (about $ 830) per ton of August 5. BULGARY - Japonica paddy remains firm at 276 euros (about $ 368) per ton, while Japonica milled is stable at 814 euros (about $1,088) per ton.
FRANCE - No quotations are available for milled varieties on August 5. On July 29 round varieties reached 440 euros (about $ 588) per ton, Long A 550 euros (about $ 735) per ton, and Long B 400 euros (about $ 534) per ton. Tags: european rice prices, global rice news
Oryza Global Rice Quotes August 12th, 2014 Long grain white rice - high quality Thailand 100% B grade 460-470
↔
Vietnam 5% broken
440-450
↔
India 5% broken
435-445
↔
Pakistan 5% broken
445-455
↔
Cambodia 5% broken
470-480
↔
U.S. 4% broken
550-560
↔
Uruguay 5% broken
615-625
↔
Argentina 5% broken
610-620
↔
Long grain white rice - low quality Thailand 25% broken
NQ
↔
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Vietnam 25% broken
405-415
↔
Pakistan 25% broken
395-405
↔
Cambodia 25% broken 455-465
↔
India 25% broken
390-400
↔
U.S. 15% broken
530-540
↔
Long grain parboiled rice Thailand parboiled 100% stxd
445-455
Pakistan parboiled 5% broken stxd
↔
450-460
India parboiled 5% broken stxd 425-435
↔
U.S. parboiled 4% broken
630-640
↔
Brazil parboiled 5% broken
NQ
↔
Uruguay parboiled 5% broken NQ
↔
↔
Long grain fragrant rice Thailand Hommali 92% Vietnam Jasmine
1015-1025 595-605
↔
India basmati 2% broken
NQ
↔
Pakistan basmati 2% broken
NQ
↔
Cambodia Phka Malis 875-885
↔
↔
Brokens Thailand A1 Super
NQ
↔
Vietnam 100% broken 335-345 Pakistan 100% broken stxd Cambodia A1 Super
↔
325-335
365-375
↔
↔
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India 100% Broken stxd
340-350
Egypt medium grain brokens
NQ
U.S. pet food
↔
470-480
Brazil half grain
NQ
↔
↔
↔
All prices USD per ton, FOB vessel, oryza.com
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market
Oryza Rice Currency Analysis for Today – Currencies Little Changed Aug 12, 2014
U.S. dollar index was stronger +0.06% from the open today, when it traded at 81.514 at the close. Euro was weaker -0.13% by the close, trading around 1.3367 by end of day, after trading between an intraday high of 1.3386 and low of 1.3336. Thai baht was +0.02% stronger, trading at 32.084 at the close of business. Indian rupee was stronger +0.15% at 61.0900. Brazilian real was weaker -0.17% at 2.2794 reais per dollar. Pakistan rupee was +0.07% stronger at 99.1758. Vietnamese dong was +0.06% stronger at 21198. Mexican peso was stronger +0.27% today, when it traded at 13.1441 pesos per dollar by the close of business. Chinese yuan was -0.06% weaker at 6.1581. Argentine peso was stronger +0.01% at 8.2712 pesos per dollar. Tags: foreign exchange rates, Rice currencies, Global rice trade
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Oryza Overnight Recap - Chicago Rough Rice Futures Trade Slightly Higher while Other Grains Seen Lower Aug 12, 2014
Chicago rough rice futures for Sep delivery are trading 6 cents per cwt (about $1 per ton) higher at $12.685 per cwt (about $280 per ton) during early floor trading in Chicago. The other grains are seen lower this morning in Chicago: soybeans are currently seen 0.7% lower, wheat is listed about 1.6% lower and corn is noted about 1.8% lower. U.S. stocks traded flat after opening lower on Tuesday for the first day in three amid geopolitical concerns from developments in Ukraine and Russia. Earlier, stocks had edged up after the JOLTS job openings report showed a slight increase in May. Some analysts pointed to the effect of the sanctions on the European economy. Germany's ZEW report showed that investor morale dropped to its lowest since December 2012, sending the DAX as much as 0.70 percent lower. The Euro also declined against the dollar to nearly a nine-month low. On Tuesday, Reuters reported that Russia had sent a 280 truck convoy to Ukraine carrying humanitarian aid. NATO fears the aid may be a disguised bid to invade Ukraine, following its annexation of the country's Crimea region in March. Meanwhile, U.S. President Barack Obama said Iraq had made important strides towards rebuffing of militants, through the appointment of a new prime minister. He urged the formation of an "inclusive" government. In the minutes following the open, the Dow Jones Industrial Average fell more than 8 points, or 0.05 percent in the open, to 1,934.90. The S&P 500 fell 1 point, or 0.05%, to 1,935.90. Energy and health care were among the greatest laggards, with about half of the 10 sectors declining. The Nasdaq fell nearly 4 points, or 0.08%, to 4,398.01. Gold is currently trading about 0.5% higher, crude oil is seen trading about 0.6% lower, and the U.S. dollar is currently trading about 0.2% higher at 9:15am Chicago time. Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market
Oryza U.S. Rough Rice Recap - Prices Hold after WASDE Reports Slightly Higher US Production Aug 12, 2014
The U.S. cash market was unchanged today despite the USDA WASDE report showing a slight increase of 300,000 cwts (about 13,607 tons) in US long grain production on account of higher field yields which
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increased in the 2014/15 US long grain carry over by the same amount. The USDA also left their average farm price projection for long grain paddy unchanged from last month at $12.00-$13.00 per cwt (about $265-$287 per ton) fob farm, as was expected. As of today, offers could still be seen near $13.33 per cwt fob farm (about $294 per ton) while bids held steady around $12.85-$13.25 per cwt (about $282-$292 per ton) for September-October delivery; however, there was zero seller interest at these levels today.In the meantime, the USDA estimates that as of August 11, 71% of the U.S. rice crop had headed which was 3% greater than this time last year and 1% greater than the previous 5-year average. As of now, the USDA estimates that 65% of the rice crop in Arkansas has headed compared to 60% in California, 95% in Louisiana, 78% in Mississippi, 66% in Missouri, and 96% in Texas. The USDA also considers 73% of the U.S. to be in good to excellent condition, which was 2% better than last week and this time last year, compared to 65% in Arkansas, 85% in California, 81% in Louisiana, 86% in Mississippi, 67% in Missouri, and 54% in Texas. Tags: U.S. rice market, U.S. rice prices
Oryza U.S. Rough Rice Recap - Prices Hold after WASDE Reports Slightly Higher US Production Aug 12, 2014
The U.S. cash market was unchanged today despite the USDA WASDE report showing a slight increase of 300,000 cwts (about 13,607 tons) in US long grain production on account of higher field yields which increased in the 2014/15 US long grain carry over by the same amount. The USDA also left their average farm price projection for long grain paddy unchanged from last month at $12.00-$13.00 per cwt (about $265-$287 per ton) fob farm, as was expected. As of today, offers could still be seen near $13.33 per cwt fob farm (about $294 per ton) while bids held steady around $12.85-$13.25 per cwt (about $282-$292 per ton) for September-October delivery; however, there was zero seller interest at these levels today.In the meantime, the USDA estimates that as of August 11, 71% of the U.S. rice crop had headed which was 3% greater than this time last year and 1% greater than the previous 5-year average. As of now, the USDA estimates that 65% of the rice crop in Arkansas has headed compared to 60% in California, 95% in Louisiana, 78% in Mississippi, 66% in Missouri, and 96% in Texas. The USDA also considers 73% of the U.S. to be in good to excellent condition, which was 2% better than last week and this time last year, compared to 65% in Arkansas, 85% in California, 81% in Louisiana, 86% in Mississippi, 67% in Missouri, and 54% in Texas. Tags: U.S. rice market, U.S. rice prices
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Oryza Shares Press Release: Food Security Summit on Agricultural and Nutrition Challenges and Solutions in Asia Pacific Aug 12, 2014
- 08 August 2014: Government representatives, UN agencies, NGOs, development banks and private sector companies are gathering in October at the 2nd annual AIDF Food Security Summit to discuss the imminent food security crisis the Asia Pacific region is facing. As the world population edged to 7 billion – up from 2.5 billion in 1950 – it has had profound implications for development, with effects on sustainability, urbanisation, and access to health services and youth empowerment. Some of the implications of overpopulation include significant food and water shortages. Despite the economies of Asia and the Pacific far out-growing the average global economic expansion, over 700 million people in Asia and the Pacific still live in abject poverty (defined as living on less than $1.25 each day). Reasons for food insecurity are extremely wide ranging and include rising populations and increased consumerism, which will naturally turn out in an increasing demand for food. In particular, according to FAO, the global demand for food is expected to increase by 60% by 2050. The 2nd annual AIDF Food Security Summit: Asia 2014 is taking place in Jakarta on the 8th and 9th October 2014. Over 300 regional governments, NGOs, UN and intergovernmental agencies, investors, research institutes and private sector companies will gather to discuss important issues facing food security in agriculture and nutrition sectors.
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The two day summit is expected to provoke robust debate and frank information sharing and will provide a platform for the formation of strategic partnerships and collaborations. The aim of the discussions is to lead to innovative solutions and best practice to tackle the problems surrounding food insecurity in Asia and the Pacific. Keynote speakers include: H.E. Dr. Harbrinderjit Singh Dillon, Special Envoy to the President of Indonesia for Poverty Alleviation, Anita Kendrick at World Bank, Katinka Weinberger, Director of CAPSA at UNESCAP, Dr. Klaus Kraemer, Director of Sight and Life, Prateek Gupta, Director at Helen Keller International, Dr. Gatot Irianto, Director General of Agriculture Infrastructure and Facility at the Ministry of Agriculture of Indonesia. In additional to well-known global experts this summit also offers unique regional insights from food security experts in Indonesia, including Dr. Suprayoga Hadi, Deputy Minister for the Development for Resources Development at the Ministry for the Development of Disadvantaged Regions in Indonesia, Dr. Minarto, President of the Indonesian Nutritionist Association, Dr Elvina Karyadi, Country Director for Indonesia’s Micronutrient Initiative and Dr. Ir. Pak Haryono, Director General of Indonesian Agency for Agriculture Research and Development. Commenting on the upcoming summit, project director Sonja Ruetzel said, “I call for all key industry stakeholders in Asia Pacific, including the private sector companies, to attend this important and timely event. Based on the discussions at last year’s AIDF Food Security summit and continuous research this event aims to take the debate a step further and really push for change and set a framework for action engaging all actors.” This year’s event is supported by a wide range of strategic partners including: FMC Agricultural Solutions, FrieslandCampina, Glanbia Nutritionals, Valmont - Valley Irrigation, Kubota Corporation, Inve Technologies and also influential supporting partners including AgroPages, CropLife Asia, AsianNGO, IRIN, Farming First, World Agroforestry Centre, Switch Asia, Oryza and many more. For more information and registrations visit http://food-security.aidforum.org. Tags: rice press release, rice news, Food Security summi
Poor Monsoon, Delayed Rice Crop, Inflation – Rough 2014 for India Aug 12, 2014
Tough times ahead for India, warned the country’s minister for Earth Sciences. Weakest monsoon in five years, poor agricultural output, delay in rice crop, an impending rise in cooking oil are some of his predictions for the year ahead.
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Minister Jitendra Singh told reporters in New Delhi recently that the poor monsoon - 90 percent of India received below normal rainfall in June - is likely to accelerate the inflation, which is currently the highest among Asian countries. Rains, he said, will be less than the 93 percent predicted in June. However, showers in August and September will be better at 95 percent of the average, Singh added. Rainfall in northwest India, the main rice and sugarcane growing areas, will be 76 percent of the average. In 2009, rainfall was just 22 percent below normal and that translated to reduction of food-grain output and doubling up of inflation from the previous year. Tags: Rice, ricenews, #monsoon, India, bad year, 2014
Rice Price to Shoot up from December in Thailand Aug 12, 2014
Thai rice eaters, be ready for a rice price hike in December. Under the National Council for Peace and Order (NCPO)’s order, the prices of five-kilogram bags of rice will remain between 80-130 baht per pack (about $500-800 per ton) only until November end and likely to rise by 5-10 baht per pack (about $32-62 per ton). The price stability is a result of the NCPO’s bid to keep the cost of living low for its citizens. According to the Thai Rice Packers Association, new rice in the market could fall short of demand leading to a price rise. A decrease in the production of off-season rice has also added to the price rise. On the flip side, the good news is that the price of Jasmine rice may decrease as there is adequate supply to meet the demand. Its price is higher than those of other countries and hence it’s not really the first choice for countries that seek to import aromatic rice. Tags: Rice, rice news, Price, Thailand, increase, december, ncpo, Jasmine rice
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