1st April , 2014
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TOP Contents - Tailored for YOU Latest News Headlines…
EU Publishes Latest Rice Report, Showing Controversial EBA Import Stats Oryza U.S. Rough Rice Recap – USDA Reports Leave Market Unchanged Oryza Rice Currency Analysis for Today – Currencies Little Changed China Looks to Pakistan to Boost Rice Supplies Oryza Global Rice Quotes Oryza Afternoon Recap – Chicago Rough Rice Futures Close Higher as Traders React to USDA Reports India May Increase Support Price of Paddy Rice by 4% in 2014-15 Pakistan Targets 6.8 Million Tons of Rice Production in 2014-15 Thailand to Allow Inspection of Rice Before AFET Auction on April 9, 2014 India Celebrates Lunar New Year with Raw Mango Rice, Fried Brown Rice India, Southeast Asia Rice Production May Decline in 2014 Due to El Niño, Japan Weather Agency Says Vietnam Exports One Million Tons of Rice in January 1 - March 27, 2014 Thailand Exports 1.4 Million Tons of Rice in January – February 2014; Up 40% from Last year Oryza Overnight Recap – Chicago Rough Rice Futures Slightly Lower Ahead of USDA Report Thailand Rice Quotes Mixed Today; Vietnam, Pakistan Rice Sellers Increase Some of Their Quotes Thailand Rice Quotes Mixed Today; Vietnam, Pakistan Rice Sellers Increase Some of Their Quotes How Will Future Global Rice Needs be Met? The Answer May Surprise You
NEWS DETAILS: EU Publishes Latest Rice Report, Showing Controversial EBA Import Stats Mar 31, 2014
The EU recently published its latest monthly report on rice, including prices, trade statistics, and production and sales statistics. The report shows that while total EU rice imports have been stable since September 2012, the share of duty-free rice imports under the Everything But Arms (EBA) agreement made a steady increase since 2013.
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Oryza U.S. Rough Rice Recap – USDA Reports Leave Market Unchanged Mar 31, 2014
The U.S. cash market was mostly unchanged today despite the release of the USDA Rice Stocks Report which showed tightening supplies as well as the Prospective Planting Report which predicts next year’s acreage will increase substantially.The USDA estimated that as of March 1, 2014, rough rice stocks in all positions totaled 89.0 million cwts or about 4.04 million tons (including about 15.0 million cwts or about 0.68 million tons on farm), which was a decrease of 15% from the total on March 1, 2013. The USDA estimated that milled rice stocks in all positions totaled 5.84 million cwts or about 0.26 million tons, which was a decrease of 12% from last year.The USDA also estimated that the total U.S. rice acres for the 2014/2015 marketing year will reach 2,877,000, or a 16% increase from last year, with long grain acres projected at 2,227,000, up 25% from last year, and medium grain acres estimated at 624,000, down 6% from last year. s of today, old crop offers could still be found as low $15.55 per cwt fob farm (about $343 per ton) for nearby shipment although offers increase to around $16.11 per cwt fob farm (about $355 per ton) for May-June shipment.Bids from larger mills increased today to around $15.35 per cwt (about $338 per ton) for April delivery while bids for exporters could be found around $15.40-$15.65 per cwt (about $340-$345 per ton), for the same delivery period, however both of these bids remain unattractive to most sellers when smaller mills are reportedly paying between $16.00-$16.30 per cwt (about $353-$359 per ton) for prompt delivery. Tags: U.S. rice market, U.S. rice prices
Oryza Rice Currency Analysis for Today – Currencies Little Changed Mar 31, 2014
U.S. dollar index was down -0.11% from the open today, when it traded at 80.081 at the close. Euro was stronger +0.22% by the close, trading around 1.3782 by end of day, after trading between an intraday high of 1.3809 and low of 1.3725. Thai baht was stronger +0.23%, trading at 32.425 at the close of business. Indian rupee was unchanged at 59.8900. Brazilian real was weaker -0.21% at the close of trading today, trading at 2.2660 reais per dollar. Pakistan rupee was -0.10% weaker at 98.1850. Vietnamese dong was stronger +0.05% at 21098.
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Mexican peso was stronger +0.12% today, when it traded at 13.0574 pesos per dollar by the close of business. Chinese yuan was weaker -0.07%, trading at 6.2171. Argentine peso was weaker -0.02% at 8.0029 pesos per dollar. Tags: foreign exchange rates
China Looks to Pakistan to Boost Rice Supplies Mar 31, 2014
China is looking to increase its rice imports from Pakistan. The Vice Chairman of the Guangdong Grain Association recently led a 16-member Chinese delegation to Pakistan to speak with the Vice President of Lahore Chamber of Commerce and Industry (LCCI), to explore the methodology and technology Pakistani rice growers use and to try to foster cooperation between the two nations.Citing statistics that show Guangdong has the highest GDP and largest population in China, the Vice Chairman also pointed out that Guangdong has the highest volume of international trade in the country, making it a prime counterparty to boost Pakistan’s rice exports to China. The Guangdong Grain Association hopes to increase trade volume with Pakistan by improving farming practices, educating producers about newer seed varieties, and collaborating research and development work. The Vice Chairman urged Pakistan to sign the Memorandum of Understanding in order to facilitate agricultural business development, technical innovation, ecological and resources sustainability, and agricultural education.Pakistan has good reason to cooperate with Guangdong. Pakistan’s Federal Committee on Agriculture (FCA) has set a target of 6.81 million tons of rice (basis milled) production in 2014-15, up from 6.4 million tons in 2013-14; an increase in production will free up more rice for export.China is a major destination for Pakistan's rice exports. Tags: China rice imports, Pakistan rice exports
Oryza Global Rice Quotes March 31st, 2014 Long grain white rice - high quality Thailand 100% B grade 395-405
↑
Vietnam 5% broken
↑
385-395
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India 5% broken
425-435
↔
Pakistan 5% broken
405-415
↔
Cambodia 5% broken
450-460
↔
U.S. 4% broken 580-590
↔
Uruguay 5% broken
620-630
↔
Argentina 5% broken
615-625
↔
Long grain white rice - low quality Thailand 25% broken
345-355
↔
Vietnam 25% broken
350-360
↔
Pakistan 25% broken
360-370
↑
Cambodia 25% broken 420-430
↔
India 25% broken
365-375
↔
U.S. 15% broken
555-565
↔
Long grain parboiled rice Thailand parboiled 100% stxd
405-415
Pakistan parboiled 5% broken stxd
↔
420-430
India parboiled 5% broken stxd 410-420
↔
U.S. parboiled 4% broken
660-670
↔
Brazil parboiled 5% broken
590-600
↔
Uruguay parboiled 5% broken
NQ
↔
↔
Long grain fragrant rice Thailand Hommali 92% 940-950
↔
Vietnam Jasmine
↔
495-505
India basmati 2% broken
1515 -1525
↔
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Pakistan basmati 2% broken
NQ
↔
885-895
↔
Thailand A1 Super
300-310
↓
Vietnam 100% broken
335-345
↔
Cambodia Phka Malis Brokens
Pakistan 100% broken stxd
335-345
350-360
↔
India 100% Broken stxd 305-315
↔
Egypt medium grain brokens
NQ
↔
U.S. pet food
↔
Cambodia A1 Super
470-480
Brazil half grain
345-355
↑
↔
Medium grain milled U.S. Calrose 4% broken 1070-1080 Egypt medium grain 6% NQ
↔
↔
All prices USD per ton, FOB vessel, oryza.com
Oryza Afternoon Recap – Chicago Rough Rice Futures Close Higher as Traders React to USDA Reports Mar 31, 2014
Chicago rough rice futures for May delivery settled 9 cents per cwt (about $2 per ton) higher at $15.600 per cwt (about $344 per ton). Rough rice futures showed impressive strength this morning ahead of the latest updates from the USDA. Upon the release of the reports the market pulled back slightly before closing the day with a nearly double digit gain. Today’s move provides a positive outlook for tomorrow’s trade direction and indicates that the market may be in for another leg higher as prices managed to break through resistance noted at $15.600 per cwt (about $344 per ton).
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The other grains finished the day higher as well; soybeans closed about 1.9% higher at $14.640 per bushel; wheat finished about 0.3% higher at $6.9725 per bushel, and corn finished the day about 2% higher at $5.0200 per bushel.U.S. stocks traded near session highs again on the final trading day of the quarter, with the Dow up triple digits, after Federal Reserve Chair Janet Yellen said there's still room for the central bank to help the economy. The Dow Jones Industrial Average traded up more than 100 points. The S&P 500 and the Nasdaq were also broadly higher. All key S&P sectors were in the black, lifted by techs and financials. Equities may see a boost from end-of-quarter "window dressing,'' when money managers adjust their positions to improve the look of their portfolios. Gold is trading about 0.7% lower, crude oil is seen trading about 0.3% lower, and the U.S. dollar is seen trading about 0.1% lower at about 1:00pm Chicago time. Tags: U.S. rice prices, U.S. rice market, chicago rough rice futures
India May Increase Support Price of Paddy Rice by 4% in 2014-15 Mar 31, 2014
India’s Commission on Agricultural Costs and Prices (CACP) may recommend the government to increase the minimum support price of common grade paddy to about Rs. 1,360 per quintal (about $227 per ton) for the crop year 2014-15 (July – June), which is up about 4% from around Rs. 1,310 per quintal (about $220 per ton),
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according to Bloomberg.The Indian government usually approves the recommendations of CACP. The MSP of rice has increased to around Rs. 1,310 per quintal (about $220) in 2013-14, up about 125% from Rs. 580 per quintal (about $140 per ton) in 2006-2007. According to local sources the average prices of rice in the domestic market have increased almost 100% in the same period. Tags: India minimum support price for rice
Pakistan Targets 6.8 Million Tons of Rice Production in 2014-15 Mar 31, 2014
Pakistan’s Federal Committee on Agriculture (FCA) has set a target of 6.81 million tons of rice (basis milled) production from an area of 2.78 million hectares in 2014-15, according to local sources.Of the 6.81 million tons rice production target, the Punjab province is expected to account for 3.5 million tons, Sindh for 2.6 million tons, Khyber Pakhtunkhwa for 100,000 tons and Balochistan for around 600,000 tons.Pakistan is among the
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world’s top five rice exporters. According to the USDA, Pakistan’s rice production in 2013-14 is estimated at around 6.4 million tons from a cultivated area of around 2.7 million hectares. Pakistan’s rice exports in 2013-14 are estimated at around 3.4 million tons.Local sources say that the Guangdong Grain sector in China is interested to increase rice imports from Pakistan and has offered training and technology support to rice farmers in Pakistan to improve production in Pakistan. Tags: Pakistan rice production, Pakistan rice area, Pakistan rice exports
Thailand to Allow Inspection of Rice Before AFET Auction on April 9, 2014 Mar 31, 2014
Thailand’s Deputy Commerce minister says that the government will allow prospective buyers to inspect the quality of rice before the next auction for nearly 200,000 tons of rice from government stocks is held on April 9, 2014.The minister says that bidders could inspect the rice during April 2-8, 2014. The auction on April 9, 2014 will comprise white rice and Hommali rice from government's warehouses in Buriram, Udon Ratchathani, Si Sa Ket, Suphanburi, Singburi and Chainat provinces. The minister says that the inspections will help build confidence among exporters. However, local sources say the move would allow buyers to fix prices for rice before auctions. According to the USDA, the government has sold some rice from its stockpile to traders at around 20-30% below market prices in previous auctions this year.The April 9, 2014 rice auction will be done through the Agricultural Futures Exchange of Thailand (AFET). According to official sources, the caretaker government has so far sold over 500,000 tons of rice through the AFET, and plans to sell more than one million tons of rice in June, 2014. The auctions are expected to generate around 10 billion baht (around $308 million) to make payments under the rice mortgage program that was discontinued in February 2014. Tags: Thailand rice exports, Thailand rice auctions
India Celebrates Lunar New Year with Raw Mango Rice, Fried Brown Rice Mar 31, 2014
People in several parts of southern India are celebrating the lunar New Year also called "Ugadi" in the state of Andhra Pradesh, "Yugadi" in Karnataka and "Gudi Padwa" in Maharashtra. People of Rajasthan celebrate the same day as their New Year and call it as "Thapna"; Sindhis celebrate as "Cheti Chand" and Manipuris celebrate as "Sajibu nongma panba". People in other Indian states also celebrate the festival in Tamil Nadu (Puthandu), Punjab (Baisakhi), Odisha (Pana Sankranti), Assam (Bihu), West Bengal (Naba Barsha ) and Himachal Pradesh (Seri Saja) according to the Solar Calendar and it usually falls around April 14 - 15 of every year.Rice is an important part of celebrations in several parts of India. In southern India, a delicacy with six ingredients - neem (Azadirachta indica) buds/flowers, jaggery and ripe banana, green chilli/pepper, salt, tamarind juice and raw mango signifying emotions of sadness, happiness, anger, fear, disgust and surprise - is prepared as a reminder that our life is a combination of these emotions. Scientifically, local sources say that the delicacy helps improve immunity against possible diseases due to
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upcoming summer season in the region.People in the southern states of Andhra Pradesh and Karnataka also prepare raw mango rice which is made with grated raw mango and cooked rice. Recipe for raw mango rice is simple and the dish is popular in southern India. Ingredients: 3 cups medium grain rice, cooked 1-2 cups green mango, grated 1-2 sliced green chilies 1-2 dried red chilies 1 tea spoon oil (preferably peanut oil) 2 table spoon cashew nuts 2 table spoon peanuts 1/4 tea spoon turmeric 1 table spoon Bengal Gram (Chana dal) 1/4 tea spoon fenugreek seeds 1 tea spoon mustard seeds 2 tea spoon split black gram (Urad Dal) 1/2-1 cup fresh coconut, grated - optional Salt to taste Curry leaves to garnish Method of preparation: The tangiest of mangoes are best suited for this dish. Take one cup of grated mango if it is very tangy or 2 cups if less. Soak the Chana Dal (Bengal Gram) in warm water for 20-30 minutes. Peel the mangoes and grate it to the required amount. In a hot pan, add the oil and then add mustard seeds along with red chilies and green chilies. Now add the lentils (Bengal gram after draining and Urad dal) along with fenugreek seeds. Add peanuts and cashews next. Roast these for 1-2 minutes in medium heat. Then add salt and turmeric and sautĂŠ it well. And last add the grated mango and turmeric. Mix it well. Mangoes need not be well cooked. Now, add the cooked rice and gently mix. In Karnataka, people usually use chopped mangoes instead of grated mango and grind it with coconut, green chilies and 1/2 tsp of mustard (use the remaining 1/2 for tempering) seeds into a paste. Water can be added if needed. The rest of the cooking process is same. Fried brown rice - Ingredients: 2 cups Rice (rinsed and soaked for 30 minutes) 2 onions (finely sliced) 4 tea spoon sugar 2 (5 cm) cinnamon sticks 6 cloves 1 tea spoon salt 4 table spoon melted ghee (cow milk fats) Method of preparation:
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Heat ghee in a pan and fry onions until brown. Add rice and fry until onions turn light golden in color. In the meanwhile, fry the sugar in a small pan until dark brown on medium heat. Add this to the rice mixture and mix until well blended. Add cinnamon sticks, cloves, salt, and 3½ cups water (in which the rice was soaked). Bring to a boil and reduce the heat. Cover and simmer until the rice is just tender and no water is left. Remove from the heat and move the pot back and forth and cover again. Serve warm after few minutes. Tags: Mango rice, Brown fried rice, Lunar new year
India, Southeast Asia Rice Production May Decline in 2014 Due to El Niño, Japan Weather Agency Says Mar 31, 2014
International weather agencies continue to warn about the occurrence of El Niño, a weather phenomenon
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associated with warming of the Pacific Ocean. El Niño is often associated with poor rainfall in India and some key rice producing countries in India and with higher than normal rains in South America. In its latest monthly forecast, the Japan Agency for Marine-Earth Science and Technology (JAMSTEC) said that drier and warmer-than-normal condition in India and Southeast Asia in the boreal summer may adversely affect rice production this year. Dr. Takeshi Doi of JAMSTEC’s Climate Variation Predictability and Applicability Research Program says that there is a more than 50% chance that El Niño will start evolving in July this year, a crucial time for rice planting of the main crop in India and some other Asian countries.Dr. Takeshi Doi says that in the boreal summer, most parts of Europe, the Middle East, India, Southeast Asia and Mexico will be in a warmer-than-normal condition, whereas the U.S., Canada, and Far East (including Japan) will experience a colder-than-normal condition. However, he adds that there is a need for further research because predicting the impact of El Niño on the mid-latitudes is still challenging.However, the chief of the Indian Meteorological Department (IMD) says that the numerous reports and forecasts about the increasing possibility of a drought due to El Niño this year are rumors. The IMD director-general told local sources that some western countries are spreading rumors about lower rice production in India to manipulate the stock markets. He has asked traders not to heed to such reports and refrain from hoarding of grains. Tags: India rice production, India rice prices, Weather India monsoon, El Niño, JAMSTEC
Vietnam Exports One Million Tons of Rice in January 1 - March 27, 2014
Vietnam has exported about one million tons of rice in January 1 - March 27, 2014, which is down about 31%
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from about 1.45 million tons of rice exported in first quarter of 2013, according to data from the Vietnam Food Association (VFA). Average rice export price during January 1 - March 27, 2014 stands at about $434 per ton (FOB), down about 2% from about $442 per ton recorded in January – March 2013.During March 1 -27, 2014, Vietnam exported about 371,373 tons of rice, which is down about 47% from about 706,483 tons rice exported in the full month of March 2013, and up about 12% from about 330,501 tons rice exported in February 2014. Average export price so far this month stands at around $438 per ton, down about $1 per ton from a year ago, and down about $7 per ton from February 2014.Vietnam's rice exports in March 1-27, 2014 include: 115,561 tons of 15% broken rice (about 31% of total rice exports so far in March 2014); 114,528 tons of 4% - 10% broken rice (about 30% of total rice exports so far in March 2014); 83,193 tons of aromatic rice (about 22% of total rice export so far in March 2014), 32,701 tons of Nep or glutinous rice (about 9% of total rice exports so far in March 2014); and 14,800 tons of 25% broken rice (about 3.99% of total rice exports so far in March 2014).Asia is the major rice export destination for Vietnam rice so far in March 2014, accounting for about 259,532 tons or about 70% of total rice exports. The Americas is the second largest destination, accounting for of about 62,971 tons of rice exports (equivalent to about 17% of total rice exports so far in March). Vietnam also exported 35,746 tons of rice to Africa, about 8,169 tons of rice to Europe, about 4,557 tons of rice to the Middle East, and about 398 tons of rice to Australia so far in March 2014, according to VFA data. Tags: Vietnam rice exports, Vietnam Food Association (VFA)
Thailand Exports 1.4 Million Tons of Rice in January – February 2014; Up 40% from Last year Mar 31, 2014
Thailand rice exports have surged to around 1.4 million tons in January 1 – February 28, 2014, up around 40% from the same period last year, the USDA says citing Thai Customs Department. At the current pace, Thailand’s total rice exports in 2014 could reach around 8.4 million tons, up about 27% from around 6.6 million tons exported in 2013. The USDA says that Thailand rice exports have increased this year due to sales of government’s rice stocks at low prices, sometimes 20-30% below market prices.Thailand is also planning to participate in a tender closing April 15, 2014 to supply 800,000 tons of rice to the Philippines. The Director General of the Department of Foreign Trade says that there is no need to sign a Memorandum of Agreement with the Philippines administration to participate in the tender and his department is awaiting the Commerce ministry’s approval to join the auction. Thailand’s Commerce Ministry says that Thailand has a good chance to win the Philippines tender. A ministry source says that Thailand's 25% rice is priced at around $350 per ton, which is lower than Vietnam’s $355 per ton and India’s $365 per ton. However, sources say that Vietnam may drop export prices soon to secure the deal.Last week, Iraq’s Grain Board said that it will allow Thailand to participate in rice import tenders, a move that is likely to boost Thailand rice exports this year. Iraq purchased around 845,000 tons of rice from Thailand in 2012, but stopped purchasing rice from Thailand in the second half of 2013 due to quality concerns. Tags: Thailand rice exports. Iraq rice imports, Philippines rice imports
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Oryza Overnight Recap – Chicago Rough Rice Futures Slightly Lower Ahead of USDA Report Mar 31, 2014
Chicago rough rice futures for May delivery are currently paused 2 cents per cwt lower overnight at $15.490 per cwt (about $341 per ton) as of 8:00am Chicago time. The other grains are seen lower this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.1% lower, wheat was paused about 0.9% lower, and corn is noted about 1.2% lower.U.S. stock index futures pointed to a higher open on Monday, ahead of a speech by Federal Reserve Chair Janet Yellen. Yellen is scheduled to speak in Chicago at 9:55 am ET with investors monitoring for comments on interest rates. During Yellen's first news conference following the FOMC rate decision, equities were hard hit after the new Fed Chair raised the possibility of an earlier-than-anticipated increase in rates. Futures were also buoyed amid hopes of stimulus in both the euro zone and China. Chinese state media reported that the Beijing was preparing measures to bolster the economy. However, gains to Chinese shares were pared by caution ahead of the publication of official manufacturing data on Tuesday. Still, Asian shares ended Monday's session mostly higher. U.S. stock index futures are currently trading about 0.6% higher, gold is currently trading about 0.2% lower, crude oil is seen trading about 0.1% lower, and the U.S. dollar is currently trading about 0.1% lower at 8:00am Chicago time. Tags: chicago rough rice futures
Thailand Rice Quotes Mixed Today; Vietnam, Pakistan Rice Sellers Increase Some of Their Quotes Mar 31, 2014
Thailand rice sellers increased their quotes for 5% broken rice by about $5 per ton to about $380 - $390 per ton and lowered their quotes for A1 super rice by about $5 per ton to about $300 - $310 per ton today. Vietnam rice sellers increased their quotes for 5% broken rice by about $5 per ton to about $385 - $395 per ton. Pakistan rice sellers increased their quotes for 25% broken rice and 100% broken rice by about $5 per ton each to about $360 – $370 per ton and $335 - $345 per ton. India rice sellers kept their quotes mostly unchanged today. 5% Broken Rice Thai 5% rice (of new crop) is quoted around $380 - $390 per ton, up about $5 per ton from Friday and about a $5 per ton discount to Viet 5% rice shown around $385 - $395 per ton, up about $5 per ton from Friday. Indian 5% rice is quoted around $425 - $435 per ton, about a $20 per ton premium over Pak 5% rice quoted around $405 - $415 per ton. 25% Broken Rice Thai 25% rice of the old crop is quoted about $345 - $355 per ton, about a $5 per ton discount to Viet 25% rice shown around $350 - $360 per ton.
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Indian 25% rice is quoted around $365 - $375 per ton, about a $5 per ton premium over Pak 25% rice quoted around $360 - $370 per ton, up about $5 per ton from Friday. Parboiled Rice Thai parboiled rice of the old crop is quoted around $405 - $415 per ton. Indian parboiled rice is quoted around $410 - $420 per ton, about $10 per ton discount to Pak parboiled rice last quoted around $420 - $430 per ton. 100% Broken Rice Thai broken rice, A1 Super, of the old crop is quoted around $300 - $310 per ton, down about $5 per ton from Friday and about a $35 per ton discount to Viet broken rice shown around $335 - $345 per ton. Indian broken sortexed rice is quoted around $305 - $315 per ton, about a $30 per ton discount to Pak broken sortexed rice quoted around $335 - $345 per ton, up about $5 per ton from Friday. Tags: Asia rice quotes, Thailand rice quotes, Vietnam rice quotes, India rice quotes, Pakistan rice quotes
Thailand Rice Quotes Mixed Today; Vietnam, Pakistan Rice Sellers Increase Some of Their Quotes Mar 31, 2014
Thailand rice sellers increased their quotes for 5% broken rice by about $5 per ton to about $380 - $390 per ton and lowered their quotes for A1 super rice by about $5 per ton to about $300 - $310 per ton today. Vietnam rice sellers increased their quotes for 5% broken rice by about $5 per ton to about $385 - $395 per ton. Pakistan rice sellers increased their quotes for 25% broken rice and 100% broken rice by about $5 per ton each to about $360 – $370 per ton and $335 - $345 per ton. India rice sellers kept their quotes mostly unchanged today. 5% Broken Rice Thai 5% rice (of new crop) is quoted around $380 - $390 per ton, up about $5 per ton from Friday and about a $5 per ton discount to Viet 5% rice shown around $385 - $395 per ton, up about $5 per ton from Friday. Indian 5% rice is quoted around $425 - $435 per ton, about a $20 per ton premium over Pak 5% rice quoted around $405 - $415 per ton. 25% Broken Rice Thai 25% rice of the old crop is quoted about $345 - $355 per ton, about a $5 per ton discount to Viet 25% rice shown around $350 - $360 per ton. Indian 25% rice is quoted around $365 - $375 per ton, about a $5 per ton premium over Pak 25% rice quoted around $360 - $370 per ton, up about $5 per ton from Friday. Parboiled Rice Thai parboiled rice of the old crop is quoted around $405 - $415 per ton. Indian parboiled rice is quoted around $410 - $420 per ton, about $10 per ton discount to Pak parboiled rice last quoted around $420 - $430 per ton. 100% Broken Rice Thai broken rice, A1 Super, of the old crop is quoted around $300 - $310 per ton, down about $5 per ton from Friday and about a $35 per ton discount to Viet broken rice shown around $335 - $345 per ton. Indian broken sortexed rice is quoted around $305 - $315 per ton, about a $30 per ton discount to Pak broken sortexed rice quoted around $335 - $345 per ton, up about $5 per ton from Friday. Tags: Asia rice quotes, Thailand rice quotes, Vietnam rice quotes, India rice quotes, Pakistan rice quotes
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How Will Future Global Rice Needs be Met? The Answer May Surprise You Mar 31, 2014
By 2025, the world will need an additional 300 million tons of rice to meet demand, according to FAO estimates. (Production today is around 475 million tons). Meanwhile, the available rice acreage in major riceproducing nations, such as China and India, is shrinking as rice land is increasingly used for industry, roads, and other development infrastructures. With the outlook for rice acreage in China and India dim, and rice availability critical for political stability, two things are needed: higher paddy rice yields and increased rice acreage and production in areas with greater agricultural land availability, according to findings by Ram C. Chaudhary, a global rice genetics & breeding expert (http://oryza.com/biography/ram-c-chaudhary). Dr. Chaudhary points out that while increasing rice production by increasing yields is not exhausted after green revolution, the “second green revolution� will be harder. Thus, increasing rice production by bringing in additional rice acreage is a plausible solution. Land in South Asia and Southeast Asia is available only in few countries. This land also belongs to two major categories, environmentally sensitive swamps and marginal uplands. Major rice crop producing lands are mostly available in Africa and Latin America.Dr. Chaudhary will outline this thesis and his projections, benefiting from decades of studying and working in the global rice sector, in an upcoming report, downloadable on Oryza.com. Stay tuned! Tags: rice production in Africa, food crisis, Ram C. Chaudhary, rice genetics, rice breeding
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