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TOP Contents - Tailored for YOU Latest News Headlines…
PH palay output estimated to increase by 3.9% in H1 After Further Research, U.S. FDA Will Conduct a Risk Assessment of Arsenic in Rice Oryza Overnight Recap - Chicago Rough Rice Futures Quiet Overnight as Other Grains Turn Positive Oryza Global Rice Quotes Solution to Crimea Water Woes is Ditch Rice! Ghana Gets Dutch Support to Boost Rice Production Chinese Military Marching Towards Vietnam Border; Will Rice Exports to China Slow? Oryza Rice Currency Analysis for Today – Currencies Little Changed Oryza Afternoon Recap - Chicago Rough Rice Futures Remain Trapped Sideways as Tight U.S. Supplies are Balanced by Bulging Global Stocks Philippines Rice Prices Surge on Reduced Imports, Finds PIDS Study; Smuggling Remains Rampant Fermented Rice Prevents Wrinkles? Thailand Second Rice Crop Affected by Severe Drought Mexico May Import Brazil Paddy Rice Government of Thailand Proposes General Election on August 3. 2014; Thailand Army Declares Martial Law to Maintain Law and Order Brazil Paddy Rice Index Up from Last Week Vietnam Rice Sellers Lower Some of Their Quotes; Other Asia Rice Quotes Unchanged Today
News Detail…
PH palay output estimated to increase by 3.9% in H1 By Ronnel W. Domingo Philippine Daily Inquirer 12:06 am | Wednesday, May 21st, 2014
Local palay output is expected to grow by 3.9 percent to 8.31 million tons in the first semester this year despite the early effects of an anticipated dry spell, according to the Philippine Statistics Authority.The PSA attributes
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such forecast to expectations that total harvest area might expand by 2.8 percent to 2.1 million hectares, while yield per hectare might rise by 1 percent to 3.95 tons.In the first quarter alone, paddy rice production rose 3.3 percent to 4.31 million tons.For the second quarter, the PSA has pencilled in a 4.6-percent increase in output to reach 4 million tons, based on standing crop.Also this quarter, total harvest area is expected to continue expanding while yield is seen recovering. “The high price of palay encouraged more plantings thus, shifting from white corn to palay was noted in Ilocos Region, and motivated farmers particularly in Nueva Ecija to immediately plant after the first quarter harvests,” the PSA said in a report.The expected overall increase in yield was attributed to the availability of irrigation water and rainfall, more utilization of hybrid and certified seeds and other high yielding seed varieties and increased fertilizer application due to lower prices.Agriculture officials have reiterated that the effects of the expected occurrence of the El Niño phenomenon on crops may not be felt until the fourth quarter and would be reflected in the harvest of early 2015. On Monday, the Department of Agriculture announced that crops valued at a total of P823.29 million have so far been lost to the early effects of a looming El Niño phenomenon.Based on preliminary assessment by the DA’s field units, corn farms were most affected with P583.6 million worth of losses.These involved 28,105 hectares with foregone harvest equivalent to 45,729 metric tons of corn.Agriculture officials said the DA would provide affected farmers with seeds and other production inputs.The DA would also promote water-saving measures among rice farmers and, push for the adoption of “modern and innovative farming and fishery technologies” to mitigate the effects of the anticipated long dry spell.
Exclusive ORYZA NEWS After Further Research, U.S. FDA Will Conduct a Risk Assessment of Arsenic in Rice May 20, 2014
An analysis of the U.S. Food and Drug Administration (FDA) data of more than 1,300 samples of white rice by a private non-profit organization found that the parboiled rice variety has the highest levels of inorganic arsenic, with an average of 114 parts per billion (ppb), according to the Washington Post.The study of the FDA data also shows that instant rice has the lowest level of arsenic, with an average of 59 ppb. Of the other types of U.S. rice, the study showed that medium-grain rice from California has lower levels of inorganic arsenic than rice grown in other parts of the U.S.
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The study also found increased levels of arsenic in rice beverages that are used as milk substitutes, saying that these should not be given to children below five years of age. The FDA also found arsenic in beer, which used rice as an ingredient. Of 65 samples tested, it found that 10 of them contained inorganic arsenic levels between the range 15 ppb to 26 ppb, while FDA prescribes an acceptable level of total arsenic at 10 ppb for federal drinking water.Based on its full data, FDA will shortly conduct a risk assessment to help manage possible risks associated with the consumption of rice and rice products, according to the FDA spokeswoman. Arsenic is found in rice and other agricultural products, including fruit juice, in various parts of the world but it’s impact on health is not entirely clear. Recent studies by the United Kingdom and India found that increased intake of rice with high amounts of arsenic could lead to degeneration of cells in the body. The FDA has so far not prescribed acceptable levels of arsenic in rice. Tags: Arsenic rice, arsenic, rice nutrition, rice health
Oryza Overnight Recap - Chicago Rough Rice Futures Quiet Overnight as Other Grains Turn Positive May 20, 2014
Chicago rough rice futures for Jul delivery were paused 1 cent per cwt (about $0.22 per ton) higher overnight at $15.370 per cwt (about $338 per ton) as of 8:00am Chicago time. The other grains are seen higher this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.4% higher, wheat was paused about 1% higher, and corn is noted about 0.4% higher. U.S. stock index futures moved between small gains and losses Tuesday, ahead of several retail first-quarter earnings reports. No major economic data is due on Tuesday. The New York Federal Reserve's Bill Dudley will discuss the economy during the U.S. trading session, as will Philadelphia Fed's Charles Plosser. In Asia, equity markets were mostly higher on Tuesday, but the mood was cautious amid developments in Thailand and as the Bank of Japan's two-day policy meeting commenced. In Europe, shares traded flat, with investor caution remaining about the possibility of policy action from the European Central Bank and upcoming European Parliament elections. U.S. stock index futures are currently trading about 0.1% lower, gold is currently trading about 0.4% lower, crude oil is seen trading about 0.1% higher, and the U.S. dollar is currently trading about 0.1% higher at 8:00am Chicago time. Tags: U.S. rice prices; U.S. rice market; Chicago rough rice futures
Oryza Global Rice Quotes May 20th, 2014 Long grain white rice - high quality Thailand 100% B grade 380-390 Vietnam 5% broken 400-410 ↓
↔
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India 5% broken Pakistan 5% broken Cambodia 5% broken U.S. 4% broken Uruguay 5% broken Argentina 5% broken
420-430 420-430 435-445 580-590 625-635 620-630
↔ ↔ ↔ ↔ ↔ ↔
Long grain white rice - low quality Thailand 25% broken 340-350 ↔ Vietnam 25% broken 360-370 ↔ Pakistan 25% broken 385-395 ↔ Cambodia 25% broken 405-415 India 25% broken 380-390 ↔ U.S. 15% broken 555-565 ↔
↔
Long grain parboiled rice Thailand parboiled 100% stxd 405-415 Pakistan parboiled 5% broken stxd 435-445 India parboiled 5% broken stxd 395-405 U.S. parboiled 4% broken 660-670 ↔ Brazil parboiled 5% broken NQ ↔ Uruguay parboiled 5% broken NQ ↔
↔ ↔ ↔
Long grain fragrant rice Thailand Hommali 92% 930-940 ↔ Vietnam Jasmine 525-535 ↔ India basmati 2% broken NQ ↔ Pakistan basmati 2% broken NQ ↔ Cambodia Phka Malis 855-865 ↔ Brokens Thailand A1 Super 300-310 ↔ Vietnam 100% broken 335-345 ↔ Pakistan 100% broken stxd 330-340 ↔ Cambodia A1 Super 350-360 ↔ India 100% Broken stxd 300-310 ↔ Egypt medium grain brokens NQ ↔ U.S. pet food 470-480 ↔ Brazil half grain NQ ↔ Medium grain milled U.S. Calrose 4% broken 1070-1080 ↔ Egypt medium grain 6% NQ ↔ All prices USD per ton, FOB vessel, oryza.com
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Solution to Crimea Water Woes is Ditch Rice! Crimea should stop cultivating rice, soybeans and corn if it needs to improve its water supply, Russian Geographical Society’s researcher Sergei Golubchikov suggested at a recent meeting on water woes. Try vegetables, grapes and fruits, he added.Chairman of Crimea's State Council Vladimir Konstantinov also agrees that not cultivating certain crops would help the peninsula conserve water.About 80%of Crimea’s water comes from the North Crimean Canal which links the peninsular with the Dnieper River. Of this, more than two-thirds of water is used in farming. With the 60-year-old canal now in a crumbling state, there is a loss of 50% of supplied water which affects the country’s rich rice harvest.Although water works are under progress and incentives to farms that adopt drop irrigation systems are on offer, Crimea may not be able to restore an efficient water supply until around 2019. In the meantime, the peninsular country is told to bid goodbye to rice. Tags: Crimea rice production
Ghana Gets Dutch Support to Boost Rice Production The Dutch Ministry of Foreign Affairs and a non-profit international organization in Netherlands together with the World
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Food Program will help Ghana increase rice production under a two-year project called "Procurement Governance for Grown School Feeding Project", according to local sources.The project aims to help rice farmers in Ghana by providing access to quality seeds, farm mechanization services, and appropriate technology for rice harvesting as well as postharvest management. Around euro 540,000 (around $740,345) will be spent to cultivate around 4,400 hectares of land, and new and improved production techniques are expected to increase paddy yields by about two-and-half times to around 6.5 tons per hectare, according to the Manager of the project. He also noted that the project would help Ghana rice farmers to be able to earn around $400 million every year from rice production.
The Project Manager noted that improved production facilities and logistics can lessen the gap between local rice production and imports, as well as increase farmers' incomes.As Ghana's rice consumption is estimated to more than double to about 1.6 million tons from the current 700,000 tons over the next five years, increasing local rice production is imperative to reduce import bills. Ghana is a net importer of rice and depends on imports to meet around 62% of its consumption needs. The country spent about $306 million in 2013 on rice imports as it could produce only 46% of the required supply of around 717,361 tons, according to the Minister of Food and Agriculture. The government of Ghana planning to increase rice production by about 20% per annum over the next four years to make Ghana selfsufficient in rice. The Agriculture Minister says the government is targeting at least 13% surplus rice production by 2018. USDA estimates Ghana to produce about 352,000 tons rice and import around 600,000 tons in MY 2013-14 (October 2013 - September 2014) to meet a consumption demand of around 975,000 tons. Tags: Ghana rice production, Ghana rice imports
Chinese Military Marching Towards Vietnam Border; Will Rice Exports to China Slow? May 20, 2014
Chinese military troops are slowly, but steadily heading towards Vietnam's border suggesting that a conflict between the countries is imminent. The developments are in the wake of the anti-China protests in Vietnam after the China National Offshore Oil Corporation (CNOOC) started to set up an oil rig about 120 nautical miles away from Vietnam waters near the Paracel islands. China continued its attempts to capture the oil rig and has evacuated Chinese citizens living in Vietnam. while Vietnam authorities have tried to quiet protestors. There is concern that unrest over this issue could spill over into broader, national dissatisfaction with the Communist Vietnam government, giving the nation’s officials a reason to keep things calm. If Vietnam rice exports to China, a major destination for Vietnam rice exports (official and smuggled), are compromised there is concern this could severely weigh on Vietnam rice prices.
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Oryza Rice Currency Analysis for Today – Currencies Little Changed May 20, 2014
U.S. dollar index was up +0.05% from the open today, when it traded at 80.036 at the close. Euro was weaker -0.06% by the close, trading around 1.3701 by end of day, after trading between an intraday high of 1.3714 and low of 1.3678. Thai baht was weaker -0.16%, trading at 32.540 at the close of business. Indian rupee was weaker -0.08% at 58.6400. Brazilian real was weaker -0.50% at the close of trading today, trading at 2.2181 reais per dollar. Pakistan rupee was -0.19% weaker at 98.7655. Vietnamese dong was weaker -0.11% at 21155. Mexican peso was weaker -0.19% today, when it traded at 12.9253 pesos per dollar by the close of business. Chinese yuan was weaker -0.01% at 6.2378. Argentine peso was weaker -0.07% at 8.0616 pesos per dollar. Tags: foreign exchange rates, rice currencies, Global rice trade
Oryza Afternoon Recap - Chicago Rough Rice Futures Remain Trapped Sideways as Tight U.S. Supplies are Balanced by Bulging Global Stocks May 20, 2014
Chicago rough rice futures for Jul delivery settled 2.5 cents per cwt (about $1 per ton) lower at $15.300 per cwt (about $337 per ton). The other grains finished the day lower; soybeans closed about 1% lower at $14.6975 per bushel; wheat about 0.6% lower at $6.7050 per bushel, and corn finished the day about 0.8% lower at $4.7350 per bushel.U.S. stocks fell sharply on Tuesday after a two-session rise, with the Fed's Bank of Philadelphia President Charles Plosser saying the central bank might have to raise rates sooner than some would expect. If the economy improves as forecast, the Fed's current taper pace may be too slow, Plosser said in prepared remarks.
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The Dow Jones Industrial Average lost 141.53 points, or 0.8 percent, to 16,370.33. The S&P 500 fell 13.83 points, or 0.7 percent, to 1,871.25, with industrials and telecommunications the poorest performing among its 10 major industry groups. The Nasdaq declined 34.10 points, or 0.8 percent, to 4,091.72. Gold is trading about 0.1% higher, crude oil is seen trading unchanged, and the U.S. dollar is seen trading about 0.1% higher at about 1:00pm Chicago time.Monday, there were 324 contracts traded, down from 415 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday increased by 48 contracts to 8,388. Tags:
U.S. rice prices; U.S. rice market; Chicago rough rice futures
Philippines Rice Prices Surge on Reduced Imports, Finds PIDS Study; Smuggling Remains Rampant May 20, 2014
A study by the Philippine Institute for Development Studies (PIDS) found that a decline in official rice imports led to surge in rice prices during 2013, not price manipulation by rice cartels. However, rice smuggling in the Philippines continues to run rampant thanks to the huge difference in global rice prices and local rice prices, and a reduction in official imports under the nation’s rice self-sufficiency efforts. While the Philippines tried to reduce imports in hopes of boosting local production, the result was smuggled rice imports and higher prices. PIDS researchers say the average domestic prices of milled rice increased to P34.16 per kilogram (around $764 per ton) in December 2013, up about 15% from about from P29.81 per kilogram (around $664 per ton) in January 2013 based on data from the Philippines Bureau of Agricultural Statistics (BAS). Over the same period, the Oryza White Rice Index fell about 5% from around $475 per ton fob in January 2013 to around $450 per ton in December 2013. The National Food Authority (NFA) imported only 205,700 tons in 2013, down about 76% from about 843,700 tons imported in 2012 due to the rice self-sufficiency program initiated by the government. The program aimed at 100% self-sufficiency in rice production in 2013.Reduced imports and natural calamities put further upward pressure on Philippines rice prices. Trade sources say unofficial imports reached around one million tons in 2013. The surge in prices and rampant smuggling led the government to reconsider its decision on reduction in rice imports in 2014. The NFA will be importing 800,000 tons of rice from Vietnam between May and August 2014 to maintain buffer stocks and control price hikes. However, Vietnam rice exporters are reluctant to fulfill the tender as Vietnam rice prices rose after the tender was announced. USDA estimates the Philippines to import around 2 million tons rice 2014, including unofficial imports, while the UN's Food and Agricultural Organization (FAO) estimates it to import around 1.2 million tons. Tags: Philippines rice imports, philippines rice self-sufficiency, Rice smuggling
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Fermented Rice Prevents Wrinkles? May 20, 2014
New beauty products are constantly touting the latest cutting-edge technology to improve women’s looks. A recent trend has seen the use of vegetable stem cells infiltrating a variety of anti-aging products, but the new frontier for beauty treatments includes a whole slew of agricultural products: fermented rice, soybeans, peas, and corn, for example.In this way, rice may become the ingredient of the future for anti-wrinkle creams. The rice is fermented through a biotech process involving the presence of lactic ferments. This can generate more biologically active substances in anti-wrinkle treatments while maintaining environmentally-friendly characteristics. The new products can be fermented in incubators.This process was described by Stefano Manfredini, professor of Pharmaceutical and Toxicological Chemistry at Ferrara University, during a recent conference about science and technology in Bologna, Italy. Tags: rice beauty products, beauty, Health, fermented rice
Thailand Second Rice Crop Affected by Severe Drought May 20, 2014
Thailand's 2013-14 second rice crop (January - July), which has almost reached harvesting stage, is severely affected by the ongoing drought conditions in the country, according to local media.While officials of Royal Rain Department (RRD)have conducted artificial rain making operation in the rice producing provinces of Nakhon Ratchasima, Buriram, Surin, Srisaket, Roi Et, Mahasarakham and Khon Kaen in the Northeastern region of Thailand, not much impact could be seen in water availability, say farmers. RRD officials said a total of 130 cloud seeding flights have been operated since last month and noted that the operation would continue till the end of May 2014.Farmers say water released from local reservoirs by provincial authorities was also insufficient and the rice plants have been withering in extreme heat.USDA Post estimates that production for the 2013-14 second crop may decline about 6% to 5.7 million tons from 6 million tons the previous year. However, the total year’s crop is estimated up about 1.5% from last year thanks to the 4% y/y increase in production in the main crop, harvested last autumn. The main crop production accounts for about 70% of production and rose to about 14.8 million tons in 2013-14, up from about 14.17 million tons in 2013-13. The outlook will now be on the 2014-15 main crop to be planted later this summer. Tags: Thailand rice production, Climate change, Thailand rice droughts, Drought
Mexico May Import Brazil Paddy Rice May 20, 2014
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Mexico's Secretary of Agriculture, livestock, Rural, Development, Fishing and Food (SAGARPA) has approved Mexico's importation of Brazil rice paddy in 2014. So far there have not been any Mexican imports of Brazil paddy. Currently, only the U.S. exports paddy rice to Mexico, where the paddy is milled for the domestic Mexican market. U.S. trade sources are reportedly disappointed with SAGARPA's decision as it is likely impact U.S. paddy rice exports to Mexico. According to data from Brazil's Bureau of Foreign Trade, Venezuela and Nicaragua are top export destinations for Brazil's paddy rice during the last three years. U.S. trade sources say Brazil's entry in Venezuela and Nicaragua significantly reduced the U.S. share in those markets. In Nicaragua, the U.S. share had dropped from 60-97% in 2010 to around 8% in 2013, while Brazil's share increased to about 90%. Already, the U.S. share in Mexico's total rice import market has declined to 89% in 2013 from about 100% in 2010, according to the USA Rice Federation. U.S. paddy rice exports to Mexico declined by about 29% in the first quarter of 2014, compared to same period in 2013. The U.S. milled rice exports also declined by about 12% year-over-year. U.S. trade sources and the USDA Post say Vietnamese and Uruguayan rice have been replacing the U.S. rice in Mexico for the last couple of years due to cheaper prices. However, the U.S trade sources say exporting rice from Brazil to Mexico is associated with some operational difficulties, given the distance between the two countries and weak infrastructure in Brazil. They say most of the ports are in the southern part of Brazil and all the rice that has to be shipped has to be brought to the ports via roadways, which are also not quite developed. Some of the price discrepancy is also likely to be temporary as ocean freight prices are currently depressed below historic norms. The U.S. rice traders are keen on retaining their share in Mexican market by focusing on quality by developing newer varieties of rice, rebuilding brand loyalty as well as curbing unfair trade practices by other exporting nations. The U.S. wants to ensure that Asian countries such as India, Vietnam and Thailand do not violate World Trade Organization (WTO) rules pertaining to export subsidies in order to offer low prices to importing countries. According to data from Brazil's Bureau of Foreign Trade, Brazil exported about 918,000 tons rice in 2013, down about 20% from about 1.15 million tons exported in 2012. USDA estimates Brazil to produce 8.3 million tons of rice and export around 900,000 tons in MY 2013-14 (April 2013- March 2014). Tags: Mexico rice imports, Brazil rice exports, U.S. Rice exports
Government of Thailand Proposes General Election on August 3. 2014; Thailand Army Declares Martial Law to Maintain Law and Order May 20, 2014
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The government has proposed a new date for general election, August 3 2014, after the previous election date, July 20 2014, fell through due to disruptions in the government’s meeting with the Election Commission (EC) last Wednesday.The caretaker prime minister plans meet the EC over the matter tomorrow while EC is waiting to confirm the date with national security units.Meanwhile the Thailand Army Chief has declared Martial Law in the country effective from today in order to rescue law and order in the country, after 28 deaths associated with protests. This will mean the closure of some roads in the capital city Bangkok as well as army control of TV and radio stations. The caretaker government called the army's act as "half a coup d’état." Sources in the caretaker prime minister's Office said the government would meet tomorrow over this development. The army denied the move as a coup, citing a 1914 law allowing the military to interfere in times of crisis.The head of the Department of Foreign Trade (DFT) said the nation’s rice export won’t be disrupted and the DFT would continue with all rice trade negotiations, including selling around 800,000 tons rice to Malaysia.Thailand exported around 2.2 million tons rice during the first three months of 2014, up about 40% from about 1.57 million tons exported in 2013, according to data from Thai Rice Exporters Association (TREA). USDA estimates Thailand to export around 9 million tons rice in 2014, up about 34% from an estimated 6.72 million tons exported in 2013. Tags: Thailand rice exports, thialand political uncertainty, thailand marshal law
Brazil Paddy Rice Index Up from Last Week May 20, 2014
The Brazilian paddy rice index maintained by CEPEA reached at about 36.33 real per 50 kilograms as of May 19, 2014, up about 0.6% from about 36.11 real per 50 kilograms recorded on May 12, 2014.In terms
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of USD per ton, the index reached at about $329 per ton on May 19, 2014, up about 1% from about $326 per ton recorded on May 12, 2014. Tags: brazil paddy prices, Brazil CEPEA rice price index
Vietnam Rice Sellers Lower Some of Their Quotes; Other Asia Rice Quotes Unchanged Today May 20, 2014
Vietnam rice sellers lowered their quotes for 5% broken rice by about $5 per ton to about $400 - $410 per ton today. Other Asia rice sellers kept their quotes mostly unchanged. 5% Broken Rice Thai 5% rice (of new crop) is quoted around $365 - $375 per ton, about $35 per ton discount to Viet 5% rice shown around $400 - $410 per ton, down about $5 per ton from yesterday. Indian 5% rice is quoted around $420 - $430 per ton, on par with Pak 5% rice quoted around $420 - $430 per ton. 25% Broken Rice Thai 25% rice of the old crop is quoted about $340 - $350 per ton, about a $20 per ton discount to Viet 25% rice shown around $360 - $370 per ton. Indian 25% rice is quoted around $380 - $390 per ton, about $5per discount to Pak 25% quoted around $385 $395 per ton. Parboiled Rice Thai parboiled rice of the old crop is quoted around $405 - $415 per ton. Indian parboiled rice is quoted around $395 - $405 per ton, about $40 per ton discount to Pak parboiled rice quoted around $435 - $445 per ton. 100% Broken Rice Thai broken rice, A1 Super, of the old crop is quoted around $300 - $310 per ton, about a $35 per ton discount to Viet broken rice shown around $335 - $345 per ton. Indian broken sortexed rice is quoted around $300 - $310 per ton, about a $30 per ton discount to Pak broken sortexed rice quoted around $330 - $340 per ton.
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