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NCPO opts to cost-cutting measures to replace rice pledging scheme Saturday, 21 June 2014 By NNT
BANGKOK, 19 June 2014 - The National Council for Peace and Order (NCPO) has asked for cooperation from vendors of agricultural factors to provide discounts to rice farmers, in an attempt to help the latter cut cost by at least 500 baht per rai. The measure has been devised to replace the now-abolished rice pledging program.The decision was reached during yesterday’s meeting of the NCPO, the Thai Rice Millers Association, the Thai Rice Exporters Association, the Thai Rice Farmers Association, related government units, and the Committee on formulation of measures to boost rice production and marketing. NCPO Deputy Head for Economic Affairs and chairman of the afore-mentioned committee, General Chatchai Sarigalya, said the meeting concluded that private operators would all join the mission to reduce rice production cost by at least 500 baht per rai. Currently farmers are spending approximately 4,000 baht per rai in their operation. To achieve the goal, vendors of fertilizers, pesticides, seeds, farming equipment and land owners have agreed to give discounts to rice farmers. At the same time, the Bank for Agriculture and Agricultural Cooperatives would provide low interest loans to rice farmers and would soon issue additional measures to take care of paddy prices.Chairman of the Thai Rice Farmers Association, Wichian Puanglamjiak, meanwhile, requested that the cost-cutting measures should be separated for farmers in irrigated areas and non-irrigated areas. He said farmers in non-irrigated zone usually have higher operating cost and, therefore, should not share the same benefit as the other group.Mr. Wichian also stated that the NCPO’s commitment to guarantee prices of paddy at 8,000-9,000 baht per ton is acceptable to farmers for the moment.
Soma Group and Thai Firm to Build Rice Mill BY KANG SOTHEAR | JUNE 21, 2014
Local conglomerate Soma Group on Friday signed a joint agreement with Thai company C.P. Intertrade (CPI) to construct a large-scale rice mill and refinery in Cambodia that is expected to produce six times more rice per hour than most large millers in the country, officials from both companies said.The $50 million project is
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expected to start operations sometime in the first quarter next year, and will be constructed on 30 hectares of land in Kompong Speu province, Soma Group CEO Sok Puthyvuth said at a news conference announcing the initiative. ―The majority of the investment funds are contributed by our partner for the purpose of increasing production and export of high quality rice to world markets as the global demand for it is very high,‖ he said.Mr. Puthyvuth, who is the son of Deputy Prime Minister Sok An, was recently elected as the president of the new Cambodian Rice Federation, which aims to link industry stakeholders and iron out the inefficiencies plaguing the sector.Once completed, the mill is expected to be able to process 400 to 600 tons of high-quality rice per day, or 62.5 tons per hour, Mr. Puthyvuth said. On average, most rice millers in Cambodia currently mill between about 3 to 10 tons of rice per hour. Mr. Puthyvuth explained that the Soma Group would contract with farmers and middlemen to offer the best prices that bring higher returns to the farmers. ―We will…offer them good prices that bring higher profits to them,‖ Mr. Puthyvuth said.Prasit Damrongchietanon, president of CPI, said the two companies would work to target more countries to export rice.―This joint venture represents a significant milestone for the Cambodian rice industry as CPI will bring its state-of-the-art expertise in rice milling and refining as well as ready market access to more than 100 countries in the world,‖ he said.Mr. Damrongchietanon said rice milling and refining machines costing between $15 million and $20 million will be imported from Japan and the U.S. for the project.The quantity of rice exported from Cambodia during the first five months of the year also increased by more than 1,400 tons compared to the same period in 2013, rising from 146,854 to 148,262 tons, according to the export figures from the Secretariat of the One Window Service for Rice Export Formality. Industry officials said the low increase of about 1 percent was because Thailand has offered its rice at cheaper prices than Cambodia. For example, long-grain low-quality white rice from Thailand is sold in international markets at about $355 per ton, while the same type of Cambodian rice is sold at $410 per ton.―Thailand released its high stockpile of low-quality rice at more attractive prices than Cambodia’s,‖ said Van David, secretarygeneral of the Cambodian Rice Federation and executive director of Boost Riche, an export company. sothear@cambodiadaily.com
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Growers get supply of ‘green rice’ seeds By Johanne Macob | Jun. 21, 2014 at 12:01am
STA. BARBARA, Pangasinan—Thousands of farmers in the province received on Thursday certified seeds including a climate-adapted variety to sustain Pangasinan’s lead in achieving food security.About 3,700 rice growers in 37 towns from district 1 to 5 were given their allocation under the sunsidized Accelerated Palay Seeds Production and Distribution (ACSPD) project apart from test farms for the ―green super rice‖ (GSR) in 16 pilot sites.Governor Amado Espino Jr. led the distribution of seeds at the Provincial Agriculture Office, Barangay Tebag East, Sta. Barbara joined by project partners composed of Department of Agriculture Regional Field Office 1, Abono Partylist, Bureau of Planting Industry-National Seed Quality Control Services, and the seed growers associations. ―This is not enough and we cannot subsidize millions of sacks of seeds. But, this is our way to tell you that we care for you and we are trying to do something,‖ he said.Responding to climate change, Pangasinan has pioneered the GSR on 90 hectares in coordination with the provincial research and experiment center in Sta. Barbara.Leonardo Balbalec, officer in charge of Department of Agriculture Regional Field Office 1, said the variety has been bred to resist drought and flooding especially in coastal areas where seawater has also reached the water table inland.―Seed allocation is continuous,‖ he said, adding that Ilocos Sur, Ilocos Norte, and La Union, have each allotted 20 hectares to grow GSR with a 110 to 113 days cropping cycle.According to Balbalec, seed production alongside commercial palay is underway in irrigated farms. The climate-adapted rice was developed through efforts of the International Rice Research Institute in Los Baños, Laguna and the Chinese Academy of Agricultural Sciences, Beijing along with farmers from 16 countries in Asia and Africa.According to Dalisay Moya, provincial agriculturalist, the certified palay seeds have been distributed to farmers at subsidized cost.
Ayutthaya considered the model rice cultivating province Date : 21 มิถุนายน 2557
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AYUTTHAYA, 21 June 2014 (NNT) – Ayutthaya Province is considered 1 of 5 model provinces for rice cultivation, and it is preparing to distribute seed to agriculturists nationwide. The Director of Phra Nakhon Si Ayutthaya Rice Research Center disclosed that researchers have been monitoring rice cultivation throughout the nation including in Chiang Rai, Buriram, Raychaburi, Nakhon Si Thammarat, and Ayutthaya. Ultimately Ayutthaya was selected as the rice cultivation model since Ayutthaya agriculturists are recognized as talented farmers in the first rank of rice production. The province is highly regarded for this ability and for its efforts in trying to develop the province as the source of rice seed to extend the prime product to provinces all over the country.
Exclusive ORYZA News Oryza U.S. Rough Rice Recap - Little Trading as Bids Continue to Drop Jun 20, 2014
As of today, old crop offers could still be found near $15.75 per cwt fob farm (about $347 per ton) for June-July shipment although most selling are hoping to net at least $16.11 per cwt fob farm (about $355 per ton) before the end of the marketing year.Bids from exporters decreased again today to around $15.15 per cwt (about $334 per ton) for June-July delivery while some smaller mills are still said to be bidding around $16.00 per cwt (about $353 per ton) for the same delivery period; however, no trades were reported.
Oryza Rice Currency Analysis for Today – Currencies Little Changed Jun 20, 2014
U.S. dollar index was up +0.07% from the open today, when it traded at 80.365 at the close. Euro was weaker -0.08% by the close, trading around 1.3597 by end of day, after trading between an intraday high of 1.3644 and low of 1.3584. Thai baht was stronger +0.02%, trading at 32.463 at the close of business. Indian rupee was weaker -0.17% at 60.1875. Brazilian real was weaker -0.14% at 2.2307 reais per dollar. Pakistan rupee was -0.01% weaker at 98.3347. Vietnamese dong was +0.03% stronger at 21310. Mexican peso was stronger +0.32% today, when it traded at 12.9825 pesos per dollar by the close of business. Chinese yuan was stronger +0.06% at 6.2255. Argentine peso was weaker -0.02% at 8.1303 pesos per dollar.
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Oryza Afternoon Recap - Chicago Rough Rice Futures Finish the Week Higher Despite Late Session Selloff; Grains Close Mixed as July Options Expire Jun 20, 2014
Chicago rough rice futures for Jul delivery settled 5.5 cents per cwt (about $1 per ton) lower at $14.635 per cwt (about $323 per ton). Rough rice futures finished the week on a negative tone despite spending the majority of the day’s session trading in positive territory. Although prices slipped over the past two trading sessions the market managed to log a gain on the week as prices moved from $14.510 per cwt (about $320 per ton) at the open of Monday’s session to today’s close 12.5 cents per cwt (about $3 per ton) higher. Today’s move seems to indicate that a near-term high was put in place yesterday at $14.900 per cwt (about $328 per ton) and that a bit of a retracement is underway. Today’s high of $14.750 per cwt (about $325 per ton) will act as resistance on Monday with secondary resistance noted at the previously mentioned near-term high. The other grains finished the day with mixed results; soybeans closed about 0.4% lower at $14.1575 per bushel; wheat settled about 1.4% lower at $5.8525 per bushel, and corn finished the day about 0.6% higher at $4.5325 per bushel.U.S. stocks mostly rose on Friday, with the Dow industrials and S&P 500 hitting records while extending a five-session climb that has both benchmarks on track for weekly gains. Rising above its June 10 record close and intraday record set June 9, the Dow Jones Industrial Average was recently up 42.25 points, or 0.3%, at 16,963.71. Furthering its record advance, the S&P 500 rose 3.70 points, or 0.2%, to 1,963.18, with health care and energy the best performing and technology and consumer discretionary the least among its 10 major sectors. After a dip into negative turf, the Nasdaq gained 2.44 points, or 0.1%, to 4,361.80. On Thursday, stocks were little changed, with the S&P 500 again finishing at a record high a day after Wall Street rallied on reassurances from the Federal Reserve that interest rates would remain low as the U.S. economy continues to recover. Gold is trading about 0.1% higher, crude oil is seen trading about 0.8% higher, and the U.S. dollar is seen trading about 0.1% higher at about 1:00pm Chicago time.Thursday, there were 970 contracts traded, down from 1,469 contracts traded on Wednesday. Open interest – the number of contracts outstanding – on Thursday decreased by 76 contracts to 9,352
Sierra Leone Farmers Embrace SRI Farming to Reduce Poverty Jun 20, 2014
...It may take me out of poverty... ...Now my wife and children can stay at home instead of coming to the farm with me... ...Children will have enough time to focus on academics... Many hopes of farmers in Sierra Leone in West Africa pinned indeed on System of Rice Intensification (SRI), an organic rice farming principle that uses less water, younger seedlings which are singly spaced with special tools.The system is being implemented as part of the West Africa Agricultural Productivity Program (WAAPP) in Sierra Leone.
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World Bank, which is associated with WAAPP, said the project which has put 1,056 hectares under cultivation so far has benefitted 18,724 people and 10,865 farmers have adopted the improved varieties suggested by the project. The project assumes significance especially because its target area, Kambia District in North Sierra Leone and nicknamed rice bowl of the country, is yet to produce yields that befit its potential and make Sierra Leone ditch its rice importer tag which it earned in 2011. Soon, 40 researchers are going to get their hands dirty to get hands-on training on new farming technology and move on fibre and wooden boats in the area to understand the practice. West Africa Agricultural Productivity Program Sierra Leone project, part of a third series of a first phase agricultural programs being implemented in the West African Sub- region, seeks to complement government’s effort to achieving food security through agricultural and is funded by the International Development Association through the World Bank with contributions from the host country. The project focuses on propagating new technologies by supporting research and capacity building
Winning World Cup Recipes: Italy vs Costa Rica Jun 20, 2014
What better way to celebrate the World Cup festivities from afar than with some regionally-themed rice dishes! For Friday’s challenge, Italian rice pie goes up against Costa Rican rice and beans in the opening match of the day.Both of these recipes defy categorization; they truly are ―anytime‖ dishes. The rice pie is sweet enough to be a dessert, but not so sweet that it can’t be served as an indulgent brunch or breakfast dish. Italians often serve it at Easter, but it tastes great anytime! Rice and beans are thought of as a side dish in a lot of countries, but Costa Ricans often have this recipe for breakfast – a great way to sneak in some protein for energy that lasts to lunchtime. And since Gallo Pinto translates to ―spotted rooster,‖ it just makes sense to start the morning off with some!
Costa Rican Gallo Pinto (Rice and Beans) What You Need: 1 tablespoon oil (coconut makes a nice addition; you can also use olive or vegetable) 1 small onion, chopped 3 cloves garlic, minced 2 cups cooked black beans (you can use canned, dried, or fresh) 10 sprigs of fresh cilantro, chopped (do not use dried here!) 1 bell pepper (color of your choice), diced 3 cups vegetable stock or broth (you can also use water, but the broth gives a nice flavor) 2 cups cooked rice ½ teaspoon salt (or to taste) What You Do: 1. Heat pan and add oil.
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2. Add onion and garlic and sauté a few minutes, until almost translucent. 3. Add beans, cilantro, peppers, and stock/broth and sauté until soft. 4. Once mixture is very hot, add the cooked rice, salt, and stock. 1. Continue cooking over medium heat until all the stock is absorbed. Then cook for another 2-3 minutes. 2. Top with fresh cilantro if desired, and serve with bread and eggs for a filling breakfast! Italian Rice Pie What You Need: • 1 deep dish pie crust, 9-10 inches (homemade or store-bought – your choice) • 1 1/3 cup cooked Arborio rice, cooled to room temperature • ¾ cup sugar • 2/3 cup ricotta cheese • 4 eggs • 1 pint half & half • 1 teaspoon vanilla • ½ teaspoon lemon juice • cinnamon What You Do: 1. Preheat oven to 450 degrees. 2. Beat together sugar and ricotta. 3. Add eggs one at a time and beat until mixed. 4. Add half & half, vanilla, lemon juice, and dash of cinnamon. Mix well. 5. Stir in the rice and combine. 6. Pour filling into crust and add a dash of cinnamon on top. 7. Bake at 450 degrees for 10 minutes, then lower the temperature to 350 degrees and bake an additional 50 minutes. Pie is finished when it is lightly browned on top and only slightly jiggly in center.
Oryza Overnight Recap - Chicago Rough Rice Futures Come under Pressure as Grains Turn Negative Jun 20, 2014
Chicago rough rice futures for Jul delivery are currently noted 1.5 cents per cwt (about $0.33 per ton) lower at $14.675 per cwt (about $324 per ton) as of 9:00am Chicago time. The other grains are seen lower this morning during early floor trading in Chicago: soybeans are currently seen about 0.8% lower, wheat is trading 0.6% lower, and corn is noted about 0.3% lower. U.S. stocks pushed modestly higher on Friday, with the S&P 500 extending a five-session climb that has the benchmark in uncharted territory and on track for weekly gains.
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After rising above its June 10 record close of 16,945.92, the Dow Jones Industrial Average rose 16.77 points, or 0.1%, to 16,938.23.
Furthering its record advance, the S&P 500 added nearly 2 points, or 0.1%, to 1,961.43, with energy the best performing and utilities the least among its 10 major sectors. The Nasdaq gained 2.39 points, or 0.1%, to 4,361.61. On Thursday, stocks were little changed, with the S&P 500 again finishing at a record high, a day after Wall Street rallied on reassurances from the Federal Reserve that interest rates would remain low as the U.S. economy continues to recover. Gold is currently trading about 0.1% higher, crude oil is seen trading about 0.4% higher, and the U.S. dollar is currently trading about 0.1% higher at 8:45am Chicago time.
SUPARCO Estimates Pakistan FY 2013-14 Milled Rice Production at 7 Million Tons Jun 20, 2014 The National Space Agency of Pakistan (SUPARCO) has estimated Pakistan FY 2013-14 (July - June) milled rice production at about 7 million tons from an estimated area of about 2.879 million hectares and an estimated yield of about 2.5 tons per hectare.Highest production of about 3.73 million tons is expected from the Punjab province, followed by about 2.6 million tons from the Sindh province, about 631,000 tons from Balochistan province and about 130,000 tons from Khyber Pakhtunkhwa province.According to the latest crop report by SUPARCO, planting is in the nascent stage for the FY 2014-15 kharif rice crop (May - December). By the end of May, basmati rice nursery plantation is complete and field transplantation is expected to begin at the end of June or early July. Rainfall in some rice producing areas during May delayed sowing of rice crop. Increasing relative humidity in the coming months is expected to be beneficial to the rice crop.USDA estimates Pakistan to produce about 6.6 million tons of rice, basis milled, in MY 2013-14 (November 2013-14) at about 6.6 million tons. It estimates Pakistan rice production to increase to about 6.7 million tons in MY 2014-15.
Quality Seed Sector Vital for Nigeria to Achieve Rice Self-Sufficiency, Says JICA Chief
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Jun 20, 2014
The Japan International Cooperation Agency (JICA), which is assisting the Nigerian government to achieve self-sufficiency in rice production and banning rice imports by 2015, is currently focussing on providing access to quality rice seeds of improved rice varieties to Nigerian farmers, according to local sources.The JICA Chief Representative told local media sources that a good rice seed sector is important for Nigeria to achieve its target. He noted that the JICA will ensure availability of quality rice seeds and related data to Nigerian farmers, adding that the JICA has been spending nearly $2 million yearly to help the Nigerian government to increase rice production. The JICA, Growing Africa’s Agriculture (AGRA) and the New Partnership for Africa’s Development (NEPAD) have begun a pilot initiative to identify strategies to improve rice seed supply in Nigeria He also noted that the Japanese agency is collaborating with the Nigerian Ministry of Agriculture and Rural Development (MARD) and the National Cereals Research Institute (NCRI) to train Nigerians on rice processing and packaging. The JICA will also provide modern rice milling machines, rice pre-cleaners, rapid steam par boilers, de-stoners, probe moisture meters and bag sewing machines to help Nigerian rice farmers gain competitive advantage in rice production and processing. The Permanent Secretary of Nigeria's MARD noted that an enhanced rice seed sector would be very useful for Nigeria to meet its goal of increasing paddy rice production to about 13.27 million tons by 2018. Nigeria is expected to shortly pass the National Agricultural Seed Law (NASL), which will focus on upgrading of available seed testing laboratories to international standards, maintaining consistency in agricultural policies, increasing the annual budget of seeds, and ensuring timely release of budgetary provisions. USDA estimates Nigeria to produce about 2.8 million tons of rice, basis milled, and import about 3 million tons in MY 2013-14 (October - September) to meet a consumption demand of 6 million tons. However, USDA expects Nigeria's rice production to decline to about 2.55 million tons, and its imports to increase to 3.5 million tons in MY 2014-15 due to dry weather conditions. Consumption is expected to increase to about 6.1 million tons in MY 2014-15
Sri Lanka to Import 100,000 Tons of Rice to Ensure Supplies and Curb Price Hikes Jun 20, 2014
Sri Lanka government will import about 100,000 tons of rice to meet the requisite demand and curb price increases in the domestic market, according to a statement issued by the Ministry of Co-operatives and Internal Trade (MCIT), report local sources.This year's paddy production in Sri Lanka is likely to be affected by a significant decline in paddy planting area of the 2013-14 Maha crop (September - April), which contributes to over 60% of the country's annual paddy rice production, due to prolonged dry weather since the beginning of
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the crop season. The output from the 2014 secondary Yala rice crop (April - September 2014) is also expected to be low due to inadequate water supplies following dry weather earlier in the year. The MCIT noted that rice would be imported and distributed by the State-owned wholesale and retail grocery network Lanka Sathosa Limited and will be sold under the government control price. The Ministry said the government is keen on discouraging certain private rice millers who are resorting to hoarding rice in huge quantities to increase prices, by increasing rice supplies in the market.USDA estimates Sri Lanka to produce around 2.84 million tons of rice, basis milled and import around 20,000 tons in MY 2013-14 (October 2013 - September 2014). It expects Sri Lanka's production to decline by around 400,000 tons in MY 2014-15, but expects imports to be stable at 20,000 tons.The UN'S Food and Agricultural Organization (FAO) estimates Sri Lanka's 2014 milled rice production at about 2.65 million tons, down about 16% from around 3.14 million tons produced in 2013. According to data from the FAO, average retail price of white rice stood at around LKR 67,610 (around $520) per ton in May 2014, down about 3% from around LKR 67,610 (around $540) per ton in April 2014, and up about 14% from around LKR 59,480 (around $470) per ton in May 2013.
Cambodia to Leverage from Thai Expertise in Rice Milling and Refining Jun 20, 2014
Cambodia, which is keen on increasing its rice exports to about 1 million tons this year, has joined hands with Thailand to build a state-of-the art rice milling and refining factory with an estimated investment of about $50 million, according to Reuters. Private exporters from the two countries signed a joint-venture agreement to build a modern rice milling and refining factory in Cambodia. The factory will be operational by the first quarter of 2015 and will be capable of processing around 300,000 tons of rice annually, according to the Chairman of the Cambodian exporting group. He noted that Thai company's expertise in rice milling and refining would help Cambodia to produce best quality rice for international market. He added that joining hands with the Thai company would help Cambodia to expand their export markets to newer destinations. Cambodia exported 27,971 tons of rice in May 2014, down about 22% from about 35,967 tons sold in April 2014 and down about 1% from about 28,350 tons sold in May 2013, according to data from Ministry of Trade. Cambodia exported a total of 378,856 tons of rice in 2013, up about 84% from around 205,717 tons exported in 2012. USDA estimates Cambodia to produce around 4.9 million tons of rice and export around 1 million tons of rice, including official and unofficial exports, in 2014.
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Can Rice Farmers Use Drones for Fertilizer Management? Jun 20, 2014
Yes, say some agronomists in Italy. The results of trials of precision farming in about 160 hectares of rice fields in Italy show that Unmanned Ariel Vehicles, popularly known as "drones" can be used in managing fertilizers and chemicals in rice fields.Drones have proved useful in reducing costs of fertilizers and chemicals in the selected rice fields by about 15% or 6 tons less than the 41 tons used normally. The drones check for the requisite amount of fertilizers needed by plants by studying the composition of the soil. The drones, while flying above the fields, transmit information packages called "vigour sensors", which are then transferred to a computer. The computer decodes the data and reveals the correct amount of fertilizers/chemicals needed for the soil.This type of precision farming can be quite useful for farmers to decide the right amount of fertilizers needed by different types of crops in different types of soil. Thus they can reduce costs on fertilizers to a major extent, say Italian agronomists.Drones can also be useful in monitoring crop health, mapping fields, pest control and reducing input costs.
Vietnam Rice Sellers Increase Some of Their Quotes; Other Asia Quotes Unchanged Today Jun 20, 2014 Vietnam rice sellers increased their quotes for 5% broken rice by about $10 per ton to about $405 - $415 per ton today. Pakistan and India rice sellers kept their quotes mostly unchanged. Thailand rice quotes are not available today. 5% Broken Rice Thai 5% rice (of new crop) was last quoted at around $380 - $390 per ton, about $25 per ton lower than Viet 5% rice (of new crop) quoted at around $405 - $415 per ton, up about $10 per ton from yesterday. Indian 5% rice is quoted at around $435 - $445 per ton, about $5 per ton lower than Pak 5% rice quoted at around $440 - $450 per ton. 25% Broken Rice
Thai 25% rice (of the old crop) was last quoted at about $350 - $360 per ton, about $10 per ton lower than Viet 25% rice (of new crop) quoted at around $360 - $370 per ton. Indian 25% rice is quoted at around $390 - $400 per ton, about $5 per ton above Pak 25% quoted at around $385 - $395 per ton. Parboiled Rice
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Thai parboiled rice (of the old crop) was last quoted at around $420 - $430 per ton. Indian parboiled rice is quoted at around $405 - $415 per ton, about $30 per ton lower than Pak parboiled rice quoted at around $435 - $445 per ton. 100% Broken Rice Thai broken rice, A1 Super, (of the old crop) was last quoted at around $310 - $320 per ton, about $20 per ton lower than Viet broken rice (of new crop) quoted at around $330 - $340 per ton. Indian broken sortexed rice is quoted at around $315 - $325 per ton, about $10 per ton lower than Pak broken sortexed rice quoted at around $325 - $335 per ton.
Oryza White Rice Index – Market Awaits Increased Import Demand from Indonesia, Philippines and Reduced Production in India from El Nino Jun 20, 2014
The Oryza White Rice Index, a weighted average of global white rice export quotes, ended this week at about $463 per ton, up about $1 per ton from a week ago, up about $9 per ton from a month ago and down about $19 per ton from a year ago. The USDA predicts that global milled rice production will reach a record 480.7 million tons in MY 2014-15, up
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slightly from MY 2013-14. Additionally, the USDA has estimated 2015 global milled rice trade to be a recordsetting 41.5 million tons, about 1.5% more than in 2014. It predicts the average global yield will be about 4.44 tons per hectare in MY 2014-15, also slightly up from last year. Global rice consumption in MY 2014-15 is expected to break records also, reaching 482.2 million tons, about 1% more than in MY 2013-14. Global ending stocks in MY 2014-15 are forecast to be about 110.7 million tons, according to the USDA. Thailand Thailand rice quotes have not been available this week as the military junta freezes rice exports and checks rice stocks. Thailand 5% broken rice was last shown at about $385 per ton. The Thai military government (the National Council of Peace and Order, or NCPO) has halted rice deliveries and is inspecting 1,800 warehouses after the Finance Ministry reported that 2.9 million tons of rice is missing from government stocks. The Commerce Ministry denies the rice is missing and claims it is en route from mills to warehouses. Meanwhile the Bank of Agriculture and Agricultural Cooperatives (BAAC) has completed all outstanding payments to rice farmers five days ahead of the scheduled date of June 22, according to Reuters. In addition, the military government (NCPO) has announced cultivation subsidy of about 3,125 baht (about $96) per hectare and soft loans to help rice farmers in 2014-15 crop season. Thailand’s six key agencies, including the Rice Department, the BAAC, the Thai Rice Foundation under Royal Patronage, the National Science Technology and Innovation Policy Office, the Agricultural Research Development Agency, and the National Science and Technology Development Agency (NSTDA), have identified lapses in the production of high-quality rice seeds in the country, initiating a major renovation of the country’s rice sector. The Thai Rice Exporters Association (TREA) is concerned that labor shortages and reduced rice supplies from state warehouses will prompt an increase in Thai rice export prices, according to Bloomberg. India India 5% broken rice is today quoted at about $440 per ton, unchanged from a week ago, up about $15 per ton from a month ago and down about $5 per ton from a year ago. The Food and Agriculture Organization (FAO) anticipates that India will remain the top exporter this year, and the All-India Rice Exporters Association attributes the country’s export success to three factors: top quality basmati rice; the world’s highest acreage of rice cultivation; and competitive pricing on non-basmati rice. The government will release about 5 million tons of rice from central reserves into the open markets in hopes of preventing rice price hikes on ideas of lower supplies because of deficient monsoon rains due to the El Nino weather phenomenon.
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Vietnam Vietnam 5% broken rice is today quoted at about $410 per ton, up about $5 per ton from a week and a month ago and up about $30 per ton from a year ago. During the period January 1-June 12, Vietnam exported about 2.605 million tons of rice, about 26% less than the same period in 2013, according to the Vietnam Food Association (VFA). The average rice export price so far is about $433 per ton (FOB), up about $2 per ton from last year. Vietnam has also secured a 200,000 tons rice export contract with Malaysia, according to Reuters. Pakistan Pakistan 5% broken rice is today shown at about $445 per ton, down about $5 per ton from a week ago, up about $20 per ton from a month ago and down about $15 per ton from a year ago. Pakistan’s milled rice production for FY 2013-14 (July-June) is estimated to reach about 7 million tons from an estimated area of about 2.879 million hectares, according to the National Space Agency of Pakistan (SUPARCO). Brazil The Brazilian paddy rice index maintained by CEPEA reached at about 36.49 real per 50 kilograms as of June 16, 2014, slightly down from about 36.74 real per 50 kilograms recorded on June 9, 2014. In terms of USD per ton, the index reached at about $327 per ton on June 16, 2014, down about 0.3% from about $328 per ton recorded on June 9, 2014. Five percent broken rice from Uruguay and Argentina is today quoted at about $625 per ton, unchanged from a week, a month and a year ago. U.S. U.S. 4% broken rice is today shown at about $580 per ton, unchanged from a week ago, down about $5 per ton from a month ago and down about $35 per ton from a year ago.Old rice crop offers for June-July shipment increased to $15.75 per cwt fob farm (about $347 per ton) this week and held steady there, although most traders are holding out for at least $16.11 per cwt fob farm (about $355 per ton). Bids from exporters varied throughout the week, settling down near $15.25 per cwt (about $336 per ton) late in the week. Small mills bid $16.00 per cwt (about $353 per ton) throughout the week, but no trades were reported.
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Chicago rough rice futures for July delivery recovered some earlier in the week, opening at $14.510 per cwt (about $320 per ton) Monday morning and reaching a high of $14.900 per cwt (about $328 per ton) on Thursday, before dipping back down to $14.665 per cwt (about $323 per ton) Friday.The U.S. International Trade Commission (USITC), an independent, nonpartisan, fact-finding federal agency, has launched an investigation to study the global competitiveness of the U.S. rice industry at the request of the U.S. Trade Representative, the House Committee on Ways and Means, according to a statement released by the agency. Other Markets: Taiwan will open a global tender for 1,000 tons of milled short-grain glutinous rice for delivery on November 10.Indonesia’s state logistics company, BULOG, will release medium quality rice from its buffer stocks in efforts to control prices ahead of the holy month of Ramadan, according to local sources. Separately, the UN’s FAO estimates Indonesia’s 2014 milled rice imports are around 1.1 million tons, about 60% more than last year. The National Food Authority (NFA) of the Philippines is expecting domestic rice prices to increase by about 5% (about $45 per ton) during the 2014 lean season (July-September), according to local sources. The NFA claims the increase will be temporary and prices will stabilize when harvest begins in September. The militant farmers’ group Kilusang Magbubukid ng Pilipinas (KMP) has opposed the price hike, according to local sources. The Philippines National Price Coordination Council (NPCC) responded by suggesting measures be taken to ensure adequate rice supplies without spikes in retail rice prices. Despite being a net importer of rice, the Philippines is securing a small, niche export market with the Cordillera heirloom premium rice grown in the rice terraces of the Cordilleras, a UNESCO World Heritage site. The country has already exported about 15 tons of the rice to the U.S. in 2014.In the first two months of the Iranian Calendar Year (CY) 2014-15 (March 21, 2014-March 20, 2015), Iran has imported about 196,600 tons of rice, about 39% less than the same period in CY 2013-14, according to the Islamic Republic of Iran Customs Administration.Guyana is currently struggling to export and store its rice supply. According to the Guyana Rice Producers Association (RPA), about 230,000 tons of rice are in warehouses and the Ministry of Agriculture expects another 250,000 tons to be harvested from the 2014 main crop (MayNovember). There is a shortage of storage facilities for both milled and paddy rice in the country.Cambodia 5% broken rice is today shown at about $440 per ton, up about $45 per ton from a week and a month ago. Cambodia’s rice exports are declining amid falling demand from import nations and deflated prices in Vietnam and Thailand, according to local sources.Sri Lanka will import about 100,000 tons of rice to prevent price increases in the domestic market and ensure adequate supply, according to the Ministry of Co-operatives and Internal Trade (MCIT).
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