1st August, 2014
Daily Exclusive ORYZA E-Newsletter by Riceplus Magazine
Asia Rice Quotes Unchanged Today Jul 31, 2014
Asia rice sellers kept their quotes mostly unchanged today. Pakistan rice sellers are out today due to national holiday. 5% Broken Rice Thailand 5% rice (of new crop) is quoted at around $430 - $440 per ton, about $35 per ton discount to Vietnam 5% rice quoted at around $465 - $475 per ton. India 5% rice is quoted at around $435 - $445 per ton, on par with Pakistan 5% rice last quoted at around $435 - $445 per ton. 25% Broken Rice Thailand 25% rice (of the old crop) was last quoted at around $350 - $360 per ton, about $60 per ton discount to Vietnam 25% rice shown about $410 - $420 per ton. India 25% rice is quoted at around $390 - $400 per ton, about $15 per ton premium on Pakistan 25% rice last quoted at around $375 - $385 per ton. Parboiled Rice Thailand parboiled rice (of the old crop) is quoted at around $440 - $450 per ton. India parboiled rice is quoted at around $420 - $430 per ton, about $30 per ton discount to Pakistan parboiled rice last quoted at around $450 $460 per ton. 100% Broken Rice Thailand broken rice, A1 Super, (of the old crop) was last quoted at around $310 - $320 per ton, about $50 per ton discount to Vietnam broken rice quoted at around $360 - $370 per ton. India broken sortexed rice is quoted at around $315 - $325 per ton, about $10 per ton discount to Pakistan broken sortexed rice last quoted at around $325 - $335 per ton.
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Italian Bank Provides 'Green Credit' to Local Rice Farmers as Domestic Market Rallies against DutyFree EBA Imports Jul 31, 2014
On Tuesday, the Italian rice-growing sector spoke before the Agriculture Commission in the Italian Senate to provide the Commission with more information about the current situation for the Italian rice industry. Italy‟s National Agency for Rice, Ente Nazionale Risi, presented to the Commission the major problems the European rice sector faces from duty-free imports from Least Developed Countries (LDCs) such as Cambodia and Myanmar under the Everything But Arms (EBA) agreement. During September-December 2013, the EU imported about 84,000 tons of EBA rice. Unions of farmers and millers discussed the need to act immediately in order to limit damages to Italy‟s rice industry. The Commission confirmed its intention to support the domestic rice sector and to help the Agriculture Minister strengthen its competitiveness. Italian rice producers have been protesting against dutyfree imports from EBA countries for weeks now, even blocking the country‟s grain exchange for a week. One of the ways rice farmers in Italy are getting help is from a big Italian banking group which is offering a new financial product called credito verde, or “green credit.” This green credit provides money to rice farmers at a convenient rate so that they can pay shortly expiring expenses. In turn, they can stock their paddy instead of rushing to sell it as soon as possible, often at very low prices, just so they can make their payments. This program is active in the three most important rice-growing provinces: Novara, Vercelli, and Pavia. It‟s no surprise this bank stepped up to help rice farmers: Some of the bank‟s founders were actually a group of rice growers from Novara in 1871.
Multiple-Inlet Rice Irrigation – the New Flood Control Mantra for Rice Farmers Jul 31, 2014
Agronomist Dr. Joe Massey talks about his highly successful technique called „multiple inlet irrigation‟ technique and on why more and more farmers across the globe may find it suitable for the cultivation of their rice crop. Excerpts from an exclusive interview with Oryza.com
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Oryza: Water indeed is a precious commodity in most rice-growing countries across the world. I understand that adoption of multiple inlet irrigation has allowed producers to reduce 18% water consumption. What exactly in inlet irrigation helps such savings?
Joe Massey: Unlike conventional cascade flooding where irrigation water must completely fill each paddy before flowing into the next lower paddy, multiple-inlet rice irrigation (MIRI) uses plastic tubing to distribute irrigation water to all paddies simultaneously. The tubing is placed at ninety-degree angles to the levees and multiple gates (inlets) are installed in each paddy through which the water flows. By filling each paddy individually and simultaneously, MIRI gives the producer much greater control of the flood, helping to reduce over pumping and subsequent runoff from the field. Because MIRI allows a shallow flood to be re-established quickly across the entire field, producers can maintain a shallower flood depth so as to capture more rainfall. This, too, helps to increase rice irrigation efficiency in those regions fortunate to receive rainfall during the growing season. Oryza: MSU has been investigating the practice of intermittent flooding of rice for the last ten years with significant results. Can you share some of your statistics or data to drive the point home? Joe: A small, but growing number of rice producers have started to intentionally allow their rice flood to subside to mud in the upper portions of rice paddies. When these dry-down periods are carefully managed and timed, producers have reduced their water savings by an additional 32% over that of MIRI alone. These producers routinely apply less than 600 mm irrigation with excellent yields. This approach maximizes rainfall capture and minimizes losses associated with over-pumping. Ample well capacity, strict crop rotation, use of fungicides, and MIRI are considered key to the successful adaptation of intermittent rice flooding to commercial-scale fields in Mississippi. Oryza: Can the multiple inlet technique succeed in all kinds of soils, areas (low or high lying)? Do farmers need to install or buy any new equipment to till the soil or manage the water flow? Joe: As a general rule, MIRI works well on silt loam and clay soils common to rice production in the midSouth. Because it delivers water to all paddies simultaneously, problem areas (e.g., sandy soils that require more water) can be addressed by adding more gates, as needed. MIRI has been adapted for use in the hilly rice – growing regions of southern Brazil that are irrigated using gravity flow so it works on relatively flat to relatively sloped fields. A shallow furrow for the tubing to lay is the only soil-related activity that is required. In terms of equipment, a device is needed to place the tubing in the field because the rolls of tubing are heavy. This can be a tractor-mounted device that is purchased or something that the farmer makes in his own shop. We have educational tools and examples of tubing rollers for those interested in learning more about MIRI. Oryza: As someone who is into researching on new rice techniques, what do you think will be the next big thing in rice cultivation? Joe: Water will continue to be a key issue for rice production, as it will be for agriculture in general. New inbreds and/or hybrids may soon become available to our growers that require less water. To maximize the water-saving potential of these developments, an easy and efficient way to deliver smaller amounts of irrigation
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to the field will be required. This might create opportunities for overhead sprinkler-based systems. For the majority of rice acres in the mid-South, MIRI coupled with intermittent flooding appears to do a good job of delivering a shallow flood on commercial-size fields while also maximizing rainfall capture within individual paddies. Oryza: Producers have reported the top portion of paddy yielding more than the bottom portion due to difference to the deep water depth on the bottom portion of the paddy. Is there a danger to the plant as such as it top heavy. Do such plants bend and break when there is heavy breeze or a gale? What precautions can be taken to avoid this problem? Joe: In our experience when rice is intermittently flooded, rice becomes shorter. Thus in general, we have found that lodging is less of an issue when rice is intermittently flooded. Some research also suggests that nitrogen requirements may be less under intermittent flooding, so this might further help to alleviate lodging as well. There are still many questions regarding intermittent flooding. On the other hand, multiple-inlet rice irrigation would seem to be foundational to most foreseeable directions that rice production might take in the future.
Improved Rainfall and Planting Revive Hopes for India Paddy Rice Production Jul 31, 2014
Improved rainfall in most rice growing parts in India has revived hopes for India rice production, according to local sources. Local sources say continuous rains in Eastern and Central India have helped speedy paddy transplantation. The Director of the Central Rice Research Institute (CRRI) told local sources that paddy sowing has improved significantly in the states of Orissa, West Bengal, Chhattisgarh and Bihar. He added that if rains continue at this pace, the targeted area under paddy would be covered to a great extent. Sources at the Food Ministry noted that the losses occurred due to delay of monsoon could be well covered up by controlling post-harvest losses.With the monsoon situation improving Agriculture officials as well as experts are hoping that India's production in 2014-15 would be able to reach estimated output of around 106.29 million tons (according to the government's third advance estimate) in 2013-14. Yesterday, the Australian Bureau of Meteorology (ABM) predicted that chances of El Nino in 2014 have eased out and its impact on Indian monsoon has receded. However, it still maintains a 50% probability of an El Nino as the Pacific still continues to be warm.
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Oryza Global Rice Quotes August 1st, 2014 Long grain white rice - high quality Thailand 100% B grade 445-455 ↔ Vietnam 5% broken 460-47=0 ↓ India 5% broken 435-445 ↔ Pakistan 5% broken 435-445 ↔ Cambodia 5% broken 450-460 ↔ 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 ↔ Vietnam 25% broken 405-415 ↓ Pakistan 25% broken 375-385 ↔ Cambodia 25% broken 425-435 ↔ India 25% broken 390-400 ↔ U.S. 15% broken 530-540 ↔ Long grain parboiled rice Thailand parboiled 100% stxd 440-450 ↔ 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% 1010-1020 ↔ Vietnam Jasmine 615-625 ↔ India basmati 2% broken NQ ↔ Pakistan basmati 2% broken NQ ↔ Cambodia Phka Malis 835-845 ↔ Brokens Thailand A1 Super NQ ↔ Vietnam 100% broken 360-370 ↔ Pakistan 100% broken stxd 325-335 ↔ Cambodia A1 Super 350-360 ↔ India 100% Broken stxd 330-340 ↑ Egypt medium grain brokens NQ ↔ U.S. pet food 470-480 ↔ 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
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Oryza Global Weekly Weather Outlook Jul 31, 2014
Heavy rain is expected in the North, Northeast and the East of Thailand from July 31 to August 2, 2014. Thereafter, heavy rain is expected in the Central, East and the Southwest Thailand between August 3-6,2014. Rice prospects appear good in Thailand, with adequate moisture supplies. Scattered showers are expected across Vietnam throughout Friday, benefitting the summer rice crop here. Heavy rainfall is expected in some Indian states such as, Chhattisgarh, Maharashtra, Gujarat, Karnataka, Madhya Pradesh, Rajasthan and Kerala for next three days, which will boost moisture supplies for rice. Isolated rain expected in some parts of Pakistan, such as Southeastern Sindh, Eastern parts of Balochistan, Punjab and Kashmir, in the next two days will benefit the local rice crop. Light rain is likely to occur at many places over Khulna, Barisal, Chittagong and Sylhet divisions and at a few places over Rajshahi, Rangpur and Dhaka divisions in Bangladesh between Friday and Saturday. It will help maintain the moisture supply for rice crop there.Showers are expected across Sumatra and northern Borneo in Indonesia on Thursday and Friday. Light rain is expected elsewhere across Indonesia today and tomorrow. Rain is expected to occur in Southwest China, some places in Yunnan, Northeast China and North China during the next five days. Due to rain shortfall, the lack of consistent moisture in the central Yangtze Valley threatens to reduce single-season rice prospects. Isolated showers are expected across the Midwest and East on U.S. on Thursday and Friday. By July 27, 42% of the U.S. rice crop was at heading stage. Rice harvest has begun in Louisiana, with many fields being drained in the last 2 weeks. Overall, 71% of the rice crop was reported as being in „good to excellent conditionâ€&#x;.
Oryza Overnight Recap - Chicago Rough Rice Futures Continue Back-and-Forth Trade Jul 31, 2014
Chicago rough rice futures for Sep delivery were noted 4 cents per cwt (about $1 per ton) higher at $13.010 per cwt (about $287 per ton) during early trading in Chicago. The other grains are seen lower this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.3% lower, wheat is listed about 0.2% lower and corn is noted about 0.5% lower.
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U.S. stock-index futures declined on Thursday, as investors reacted to weekly jobless claims and earnings, while fretting a larger-than-expected drop in European inflation. While weekly jobless claims came in slightly above expectations, the four-week moving average put a positive spin on the bigger picture. Already lower, futures fell further after the government reported 302,000 Americans filed for jobless benefits last week, with the number coming in just above the 301,000 estimate. Euro-zone inflation unexpectedly declined this month, highlighting the European Central Bank's worries that the region's economy is not healthy enough to support increased prices. US stock index futures are currently seen about 0.7% lower, gold is currently trading about 0.6% lower, crude oil is seen trading about 0.6% lower, and the U.S. dollar is currently trading about 0.1% higher at 9:30am Chicago time.
Oryza Afternoon Recap - Chicago Rough Rice Futures Little Changed as Market Continues to Flirt with $13.000 Jul 31, 2014
Chicago rough rice futures for Sep delivery settled 1.5 cents per cwt (about $0.33 per ton) higher at $12.985 per cwt (about $286 per ton). The other grains finished the day mostly higher; soybeans closed about 0.1% higher at $10.8200 per bushel; wheat finished about 0.6% higher at $5.3025 per bushel, and corn finished the day about 1.2% lower at $3.6700 per bushel.U.S. stocks tumbled on Thursday, with benchmark indexes on track for their first monthly losses since January, as investors worried about Europe's economy, an Argentine default and a jump in U.S. labor costs prompted concerns about corporate margins. The Labor Department reported U.S. labor costs rose the most in more than five years in the second quarter, with the ECI climbing 0.7%, the biggest jump since the third quarter of 2008. Euro-zone inflation unexpectedly declined this month, highlighting the European Central Bank's worries that the region's economy is not healthy enough to support increased prices. Market strategists offered differing views on whether a Fed move towards a normalization in monetary policy in the earlier part of 2015 rather than the middle part of the year was a positive or negative for U.S. equities. At or near session lows, the Dow Jones Industrial Average was lately off 233.76 points, or 1.4%, at 16,646.80. The S&P 500 lost 30.21 points, or 1.5%, to 1,939.86, with technology leading declines that included all 10 of its main sectors. The Nasdaq shed 78.34 points, or 1.8%, to 4,384.56. Gold is trading 0.9% lower, crude oil is seen trading about 2.3% lower, and the U.S. dollar is seen trading slightly higher at about 1:00pm Chicago time.Wednesday, there were 929 contracts traded, up from 512 contracts traded on Tuesday. Open interest – the number of contracts outstanding – on Wednesday increased by 258 contracts to 9,025.
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Oryza Rice Currency Analysis for Today – Brazil Real Plunges Nearly 1% Jul 31, 2014
U.S. dollar index was stronger +0.03% from the open today, when it traded at 81.459 at the close. Euro was weaker -0.07% by the close, trading around 1.3388 by end of day, after trading between an intraday high of 1.3401 and low of 1.3372. Thai baht was -0.72% weaker, trading at 32.190 at the close of business. Indian rupee was weaker -0.83% at 60.5600. Brazilian real was weaker -0.96% at 2.2675 reais per dollar. Pakistan rupee was -0.03% weaker at 98.8050. Vietnamese dong was +0.06% stronger at 21218. Mexican peso was weaker -0.51% today, when it traded at 13.2210 pesos per dollar by the close of business. Chinese yuan was weaker -0.03% at 6.1738. Argentine peso was weaker -0.14% at 8.2115 pesos per dollar.
Oryza U.S. Rough Rice Recap - Bids Continue to Fall ahead of Bigger Crop Jul 31, 2014
As of today, old crop offers were few and far between. However, those that could be found ranged from $15.25$16.00 per cwt fob farm (about $336-$355 per ton) for August shipment.Meanwhile, bids from exporters decreased again today to around $13.75 per cwt (about $303 per ton) for August delivery while there are still reports of smaller mills bidding near $16.00 per cwt (about $353 per ton) for limited quantities.As for new crop, there is little-to-no trading with offers found around $13.33 per cwt fob farm (about $294 per ton) while bids are seen closer to $12.85-$13.25 per cwt (about $282-$292 per ton) for September-October shipment.In the meantime, today the USDA reported that cumulative net export sales for the week ending on July 24 totaled 19,100 tons, which was considerably higher than last week but 52% lower than the prior 4-week average. Increases were reported for the following destinations: 15,000 tons to Haiti; 2,000 tons to unknown destinations; 1,600 tons to Honduras; 800 tons to Canada; and 500 tons to Mexico; while decreases of 1,100 tons were reported for Guatemala as well as 500 tons for Jordan.Net sales of 41,100 tons for 2014/15 were reported. Increases were reported for the following destinations: 30,000 tons to Venezuela; 5,600 tons to Mexico; 1,800 tons to Honduras; 1,300 tons to El Salvador.U.S. rice exporters shipped 44,100 tons, which was 13% higher than the previous week but 8% lower than the prior 4-week average. The primary destinations
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included 26,500 tons to Mexico; 5,200 tons to El Salvador; 3,600 tons to Guatemala; 2,800 tons to Jordan; and 2,000 tons to Canada.
Reserve Bank of India Halts Rescheduling of Crop Loans in State of Andhra Pradesh Jul 31, 2014
The Reserve Bank of India (RBI) is hesitant to approve of rescheduling of crop loans requested by the state of Andhra Pradesh government because of fairly good yield of paddy in the state in MY 2013-14. The RBI wanted to clarify the state governmentâ€&#x;s report that mentioned 572 of 640 mandals (local administrative units) were affected by adversely by cycle and drought. However, according to the Directorate of Economics and Statistics, most mandals produced more than 50% of targeted paddy and the RBI wondered how state could achieve a record paddy yield against the background of drought and cyclones. Crop loans are pervasive in India and most political parties use crop loans as a major issue during elections to win farmersâ€&#x; votes. Crop loan is a short-term credit that is available from primary credit cooperative, a village society or from a commercial bank. In general, the duration of loan is for a year, except for sugarcane which is for 18 months. There are two conditions for crop loans: one third of gross value and cost of cultivation. For a farmer a crop loan is critical to increase and maintain crop production. With help of loans the modern inputs and new technologies are purchased and adoptedon the farms. The role of cooperative banks is also essential in the development and prosperity of agriculture. The RBI could reschedule crop loans only if the yield is below 50% of targeted paddy. As such, RBI has asked the state government to explain the inclusion of 572 mandals impacted by drought or cyclone. Earlier, RBI used to assess mandal-wise paddy production but now it is considering village-wise disbursement of crop loans by banks, including rural and cooperative banks, in Andhra Pradesh.
Rice Straw Assumes Strawlage Avatar to Turn Into Fodder Jul 31, 2014
This seems to be just what the doc ordered! Rice farmers who have been struggling to dispose of rather unwieldy rice straw have now found a way to sell it as cattle fodder for ranchers who are finding it tough to find inexpensive straw for their livestock in times of drought.UCCE researchers have found a way to convert straw from harvest into strawlage, a wet feed that is similar to alfalfa. The techniques of converting straw into affordable feed were taught at a workshop by UCCE.
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To do this, the straw is baled while itâ€&#x;s still moist while ensuring the moisture is retained (using propanoic acid or a urea and nitrate solution) until it is delivered to cattle. The quality of feed depends on factors such as variety of rice, nitrogen management etc.
U.S. Exports 2.96 Million Tons of Rice So Far in MY 2013-14, Down 11% from Last Year Jul 31, 2014
The U.S. has exported around 2.96 million tons of rice in MY 2013-14 (August - July) as of July 24, 2014, down about 11% from around 3.33 million tons exported during the same period in the previous year, according to USDA data.
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USDA estimates the U.S. to export around 3 million tons of rice in MY 2013-14, down about 12% from around 3.4 million tons exported in MY 2012-13.
Thailand Hastens Rice Sales Plans; First Auction Likely in Early August Jul 31, 2014
Thailand's Commerce Ministry is planning to hold first of a series of rice auctions - to sell around 200,000 to 500,000 tons of rice between August to September 2014 - in early August, according to local sources. The Ministry assured that the rice stocks in government warehouses is of good quality and can be exported as well. The Prime Minister's Office (PMO) also confirmed that the inspection of nationwide rice warehouses is almost complete and the report would be sent to the Rice Policy Committee shortly. All types of rice would be put up for auction and both local traders as well as exporters can participate in these auctions, according to local sources. The National Council for Peace and Order (NCPO) is keen on selling around 500,000 tons a month and complete the sale of existing 18 million rice stocks over the next three years, according to local sources. According to the Commerce Permanent Secretary, the Commerce Ministry is targeting to export around 3-4 million tons of rice by the end of this year to be able to meet its export target of around 9 million tons.The Ministry is reportedly planning to negotiate with China to purchase another one million tons of rice (from the new harvest that will start coming from October) under a government-to-government (G-2-G) deal from Thailand. China's COFCO had already agreed to buy one million tons of rice under a G-2-G deal in March this year, and around 100,000 tons are already shipped. The Ministry has to ship the remaining 900,000 tons. It will also negotiate with Malaysia to purchase around 700,000 tons of Thai rice. It is further keen on securing more G-2-G contracts from Indonesia, countries in Africa and Middle East and the Philippines. The Permanent Secretary said that the Ministry would temporarily slow down sales during the 2014-15 main crop harvest to control price falls. She noted that the government has provided a budget of around 315 million baht (around $9.86 million) to help rice millers and local traders to purchase paddy from farmers (between November - January) to prevent oversupply of rice in the market as well as price drops. The Bank for Agriculture and Agricultural Cooperatives (BAAC) is also planning to provide incentives of around 300,000 baht (around $9,390) for each farmer for delaying selling rice during the harvest season and stocking it in their barns.
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USDA Post Estimates Indonesia MY 2013-14 Rice Imports to More than Double to 1.4 Million Tons Jul 31, 2014
USDA Post has estimated Indonesia to import around 1.4 million tons of rice in MY 2013-14 (January 2014 December 2014), more than twice from around 650,000 tons imported in MY 2012-13 due to slower domestic procurement by the Indonesian National Logistics Agency (Bulog) and an expected decline in 2013-14 rice production.
As of July 2014, Bulog procured around 1.9 million tons of milled rice equivalent domestically, down about 37% from around 2.6 million tons procured during the same period in 2013. Bulog set a procurement target of around 3.85 million tons for 2014 but the current procurement is only about 49% of the set target. Bulog missed its 60% domestic procurement target in July due to lower supplies as well as uncompetitive government purchasing prices. Therefore, in order to maintain Bulog stocks at 2 million tons, Indonesia's Trade Minister ordered Bulog to import rice this year. According to official sources, Indonesia is reportedly importing 50,000 tons of rice from Vietnam to start with.
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Based on the forecasts by the Indonesian Statistics Agency (BPS), the Post estimates Indonesia's milled rice production at around 36 million tons in MY 2013-14, down about 1.5% from around 36.55 million tons produced in MY 2012-13 down about 4% from USDA's official estimates of around 37.35 million tons. Reduction in production is attributed to high rainfall and flooding in main rice growing area of Java in February as well as pest/disease incidents in this year. The Post estimates Indonesia's milled rice production to increase to around 37.7 million tons, and its imports to decline to 1 million tons in MY 2014-15. Based on population growth estimates, the Post forecasts Indonesian rice consumption to increase to around 38.5 tons in MY 2013-14, up about 1% from around 38.127 million tons in MY 2012-13 and slightly down from USDA's official estimates of around 38.65 million tons. It estimates Indonesian consumption to increase to around about 39.2 million tons in MY 2014-15.Local rice prices of wet paddy and rice are higher than the government purchasing price of due to delayed harvests. Currently, the farm gate price of wet paddy in West and Central Java ranges from Rp 3,500 - 4,000 per kilogram ($299 - $342 per ton) compared with Rp 4,000 4,500 per kilogram ($342 - $385 per ton) in the same period of MY 2012-13.
USDA Post Estimates Turkey MY 2013-14 Rice Imports to Increase 43% y/y, Exports to Decline 38% y/y USDA Post has estimated Turkey's rice imports to increase to around 330,000 tons in MY 2013-14 (September - August), up about 43% from around 230,000 tons imported in the previous year, to meet increasing local and export demand. Turkey imported around 281,000 tons of rice in the first nine months (September - June) of MY 2013-14. So far, the U.S. was the top exporter to Turkey with 114,000 tons followed by India with 50,000 tons. It estimates Turkey's imports to decline by about 9% to around 300,000 tons in MY 2014-15.It estimates Turkey's rice exports in MY 2013-14 to decline to around 20,000 tons, down about 38% from around 32,000 tons exported last year. It however, expects Turkey's exports to increase by about 50% to around 30,000 tons in MY 2014-15.
USDA Post estimates Turkey's milled rice production to increase to around 500,000 tons in MY 2013-14, up about 3.5% from around 483,000 tons exported in MY 2012-13. The increase is despite a decline in rice acreage to around 98,000 hectares, down about 1% from around 103,000 hectares in the previous year. Planting has been slow due to lack of water in some areas and floods in some other areas. The Post estimates Turkey's milled production to decline to around 480,000 tons in MY 2014-15 due to a further decline in rice area to around 95,000 hectares.The Post estimates Turkey's consumption to increase marginally to around 770,000 tons in MY 2013-14 from around 760,000 tons last year, and further increase to around 780,000 tons in MY 2014-15.
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