25th June, 2014
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Latest News Headlines…
Oryza U.S. Rough Rice Recap - Cash Prices Slip as New Crop Approaches Complex Rice and Shrimp Ecology Holds Surprising Benefits for Farmers’ Health How Will Climate Change Affect World Rice Production and Trade? Oryza Rice Currency Analysis for Today – Currencies Little Changed Oryza Afternoon Recap - Chicago Rough Rice Futures Slump as Old Crop Buying Fails to Support New Crop Contracts 7 Smart Ways to Tackle the 'Foolish Seedling Disease' That's Killing Basmati Rice Rice Varieties with Lower Transpiration Rates More Tolerant of Drought, Illinois-Kyoto Researchers Discover Winning World Cup Recipes: Ivory Coast vs Greece Oryza Overnight Recap - Chicago Rough Rice Futures Mixed as July Continues to Add Premium to New Crop Futures Fuzzy Logic behind High Rice Yields Stumps Farmers Bangladesh Promotes Energy-Saving Green Parboiling Units Thailand OAE Estimates 2014-15 Paddy Rice Production to Slightly Increase to 38.8 Million Tons Over Last Year Despite 1% Decline in Planting Area Rwanda Increases Tariff on Rice Imports from Outside EAC Philippines Mulls Opening Rice Imports to Control Price Hikes Brazil Paddy Rice Index Unchanged From Last Week Vietnam Rice Sellers Lower Some of Their Quotes; Other Asia Rice Quotes Unchanged Today Oryza Global Rice Quotes
News Detail… Oryza U.S. Rough Rice Recap - Cash Prices Slip as New Crop Approaches Jun 24, 2014
As of today, old crop offers were unchanged near $15.75 per cwt fob farm (about $347 per ton) for July shipment although most sellers are still holding out for at least $16.11 per cwt fob farm (about $355 per ton) before the end of the marketing year.Bids from exporters held steady near $15.15 per cwt (about $334 per ton) for 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 although there were reports of rice trading around $15.50 per cwt (about $342 per ton) for prompt delivery.
Complex Rice and Shrimp Ecology Holds Surprising Benefits for Farmers’ Health Jun 24, 2014
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Saline water is a problem for rice farmers in coastal regions such as Bangladesh and West Africa as the salt reduces rice yields. The situation was so bad that the Senegalese government decided to build the Diama Dam near the mouth of the Senegal River. The immediate result was not only the blocking of sea water into the Senegal River Valley which is the country‟s rice belt, but it also created much needed electricity for one of the world‟s least developed countries.Clearly this must have been a win-win situation, but unfortunately it was not as it ended up severely deteriorating the health of the very people who were supposed to gain the most from the development project, the rice farmers and their families. A water-borne disease called schistosomiasis or biharzia affects 200 million people around the world and is second only to malaria as a parasitic disease in terms of its global economic impact. Senegal has one of the highest rates of schisto but interestingly the disease in the Senegal River Valley was uncommon before the construction of the Diama Dam. The dam saw the collapse of the local freshwater shrimp which used to be a regular catch for local fishermen. This is because the shrimp spawn their eggs in the saltier water at the mouth of the river, but the dam now blocked the shrimp‟s passage to the sea. What ecologists realized was that the collapse of the shrimp population led to an explosion in the water snail population as the shrimp were the snails‟ natural predator. The snails harbor the parasitic worms which then get released into the river, canals and rice fields where local people are then infected. A team of local and international researchers are now working to reintroduce the freshwater shrimp to the Senegal River Valley and there is a plan for the Diama Dam to be modified to allow the shrimp to pass through the dam so their breeding cycle is no longer interrupted. The researchers of the Project Crevette tested the effectiveness of controlling the infected water snails with shrimp and found the disease disappeared after a year of introducing the shrimp so there is great excitement that local farmers and their families can be protected once more by shrimp.
How Will Climate Change Affect World Rice Production and Trade? Jun 24, 2014
It‟s important to remember that climate change scenario studies have a large degree of uncertainty, which is why most of the time these studies include several different scenarios using different assumptions. Having said that, climate change is expected to reduce world rice production even when considering new technology breakthroughs which help increase rice yields, according to a Japanese study. The study claims that rice losses wouldn‟t be higher than 10 percent even in the hardest hit countries, which might sound tolerable. However, this doesn‟t consider the huge growth in demand for rice; some studies suggesting demand will double by 2050.In Asia, the areas forecasted to be hit the hardest are the more temperate zones in western Japan and eastern China but also the southern part of the Indochina peninsula and the northern part of south Asia which is better known as South Asia‟s traditional rice belt. The scenarios extend to the year 2080, predicting that Nepal, Cambodia, China and Vietnam would see the biggest decreases in rice production. Another study by two Taiwanese and a US researcher which focused on
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the impact of rising sea levels on world rice production also claimed that Vietnam would be one of the hardest hit countries due to climate change, along with Bangladesh, Japan, Taiwan, Myanmar and Egypt. The study forecasted sea levels may rise by 1 to 5 meters and found that in the most extreme scenario, Vietnam, Egypt and Myanmar would have to switch from being net exporters to rice importers. All of this sounds very depressing, but unlike the Japanese study, this one argued that yield improvements due to the development of stress tolerant rice varieties in combination with more liberal trade policies by rice importing countries could offset the negative impact of climate change on international rice prices.
Oryza Rice Currency Analysis for Today – Currencies Little Changed Jun 24, 2014
U.S. dollar index was up +0.07% from the open today, when it traded at 80.327 at the close. Euro was weaker -0.03% by the close, trading around 1.3600 by end of day, after trading between an intraday high of 1.3628 and low of 1.3584. Thai baht was weaker -0.03%, trading at 32.450 at the close of business. Indian rupee was stronger +0.14% at 60.2062. Brazilian real was weaker -0.17% at 2.2248 reais per dollar. Pakistan rupee was +0.07% stronger at 98.6400. Vietnamese dong was -0.08% weaker at 21353. Mexican peso was weaker -0.22% today, when it traded at 13.0584 pesos per dollar by the close of business. Chinese yuan was weaker -0.07% at 6.2309. Argentine peso was weaker -0.01% at 8.1313 pesos per dollar
Oryza Afternoon Recap - Chicago Rough Rice Futures Slump as Old Crop Buying Fails to Support New Crop Contracts Jun 24, 2014
Chicago rough rice futures for Sep delivery settled 6.5 cents per cwt (about $1 per ton) lower at $13.695 per cwt (about $302 per ton). Rough rice futures closed lower as selling pressure continues to weigh on new crop future prices, while the nearby July contract continues to add premium to its price in an attempt to come in-line with prices noted in the cash market ahead of the delivery period. The other grains finished the day lower; soybeans closed about 0.8% lower at $14.1350 per bushel; wheat settled about 1.5% lower at $5.7100 per bushel, and corn finished the day about 0.3% lower at $4.4300 per bushel.U.S. stocks mostly fell, with the S&P 500 turning lower after rising to another record, as geopolitical concerns overshadowed better-than-expected reports on housing and consumer confidence. Syrian warplanes struck targets in western Iraq on Tuesday, killing at least 50 people, as Syria joined Iran in coming to the aid of the embattled Baghdad government, Dow Jones News Service reported.
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In Iraq, U.S. Secretary of State John Kerry urged Iraqi leaders to form a united front against insurgents now in control of portions of the second-largest oil producer in OPEC. After rising to within 9 points of its intraday record, the Dow Jones Industrial Average lately was down 79.38 points, or 0.5%, at 16,855.88. After rising to an intraday record of 1,968.18, the S&P 500 recently fell 5.70 points, or 0.3%, to 1,956.91, with energy falling the hardest and utilities faring best among its 10 major sectors. The Nasdaq rose 4.26 points, or 0.1%, to 4,372.94. New-home sales for May jumped to a six-year high in May, up 18.6% to a seasonally adjusted annual rate of 504,000 units. The number, better than the 440,000 forecast by economists, comes a day after a report that had existing-home sales rising more than expected last month. Also, the consumer confidence index for June came in at 85.2, beating estimates of 83. Gold is trading about 0.1% higher, crude oil is seen trading about 0.2% lower, and the U.S. dollar is seen trading about 0.1% higher at about 1:00pm Chicago time.Monday, there were 702 contracts traded, up from 646 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday decreased by 13 contracts to 9,199.
7 Smart Ways to Tackle the 'Foolish Seedling Disease' That's Killing Basmati Rice Jun 24, 2014 Basmati rice, which thrives in north western zone of India, is prone to several diseases. News reports of residue of fungicides in basmati have also made the rice industry professional sit up and conduct a compelling discussion on proper management techniques. Among the prominent diseases is the foot rot or Bakanae disease, better known as foolish seedling disease).The affected plants become incapable of supporting their own weight, topple over and die, thus living up to its name of „foolish seedling disease‟. According to a research paper submitted by Ravindra Kumar, Anuja Gupta, VK Maheshwari and SS Atwal from the Indian Agricultural Research Institute, Karnal (India) and published in Krishi Sewa, an information hub for the Indian agricultural community, this disease is caused by a fungus Fusarium moniliforme. The disease can be seen both in seed and soil. The infected plants are a few inches taller than normal plants in the field. The affected seedlings, which sport thin, yellowish green leaves and have lesions on brown roots, tend to die at early tillering. In healthy plants, partially filled or empty grains can be seen at maturity. These seedlings sometimes die before or after transplanting.The researchers have come up with a series of guidelines for management of the disease. Among the guidelines are: -
Minimizing the occurrence of the disease using salt water to separate
infected seeds and then washing the seed three times -
Uprooting seedlings in nursery under water to avoid injury to roots.
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-
Avoiding early draining of the fields
-
Avoiding high application of nitrogenous fertilizers which makes the disease
grow -
Seed treatment using fungicides such as Thiram or carbendazim @ 2.5g/kg
seed or thiophanate-methyl–70 W.P. before sowing. -
Spraying Foliar with carbendazim @ 2.5g/ litre to gain control of this
disease in the field. -
Mixing 2.5 kg of Trichoderma viride in 60 kg of FYM and applying the
mixture in one hectare after seven days
Rice Varieties with Lower Transpiration Rates More Tolerant of Drought, IllinoisKyoto Researchers Discover Jun 24, 2014
So what factors actually promote photosynthesis in plants? Rice researchers at the University of Illinois are studying these interesting and game-changing aspects of rice at the first rice paddy test centre established in Illinois and at Kyoto University in Japan. The findings could promote new innovations in rice production. The researchers have begun planting both the plots simultaneously as part of the Realizing Increased Photosynthetic Efficiency (RIPE) project, a $25 million five-year project from the Bill & Melinda Gates Foundation to radically improve the productivity of staple food crops globally and achieve new innovations in rice production.RIPE Director Stephen Long, Endowed Professor of Plant Biology and Crop Sciences, lead researcher of RIPE at the University of Illinois, said that the experimental paddy is being used in trials of some new rice genetic materials that are also being tested in warmer climates, including the plot at Kyoto University. The Illinois rice plot contains several varieties of rice, including wild varieties and mutant lines, which have different photosynthetic characteristics that may increase yields under various conditions.Yu Tanaka, a visiting professor from Kyoto University and team leader of the study team said the feasibility experiment gave researchers a chance to grow the rice in a natural environment in Illinois. His preliminary research in growth chambers has revealed that some of the mutant rice varieties have a lower transpiration rate (similar to perspiration in people), which improves the crops' drought tolerance and helps conserve water in summer.
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Winning World Cup Recipes: Ivory Coast vs Greece Jun 24, 2014
What better way to celebrate the World Cup festivities from afar than with some regionally-themed rice dishes! For Tuesday‟s game, Greek Spanakorizo faces off against Cote d‟Ivorian Arachide Ivorienne. In these recipes, rice really is the star of the dish. Both recipes can be used as a side dish for a large meal but can just as easily become the main attraction with a little tweaking – add some meat or tofu for a “rice bowl” meal that will have you dreaming about the coast – Ivory or Greek, either one! – while you watch the last games of group play.
Greek Spanakorizo (Spinach Rice) What You Need: 1/3 cup olive oil 2 onions, chopped 1 clove garlic, chopped 2 pounds fresh spinach, rinsed and chopped 8 ounces of canned tomato sauce 2 cups water 1 teaspoon dried dill (or 1 tablespoon fresh) 1 teaspoon dried parsley (or 1 tablespoon fresh) ½ cup uncooked white rice Salt and pepper to taste Lemon juice to taste Feta cheese (optional) What You Do: 1. Heat the olive oil in a large skillet. Sauté the onions and garlic until soft and translucent. 2. Add the spinach and stir while cooking for a few minutes. 3. Add the tomato sauce and the water and bring to a boil. 4. Add dill, parsley, salt and pepper, and any other desired spices. 5. Stir in rice, and reduce heat to low. 6. Simmer uncovered 20-25 minutes or until rice is tender, adding more water if necessary. 7. Top with lemon juice and feta cheese (optional). Cote d‟Ivorian Sauce d‟Arachide Ivorienne avec du Riz (Ivorian Peanut Sauce with Rice)
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Note: This dish is usually made with chicken cooked in, but we‟ve omitted that to make the dish more versatile. Feel free to use chicken or another meat (or meat substitute – tofu sounds delicious!). What You Need: • 1-2 cups red palm oil (you can find this at specialty African stores and it‟s really crucial to the recipe – preferably, get the kind with palm grain pulp in it, but if you can‟t find any red palm oil, use vegetable oil instead) •
1 onion, chopped (preferably white or yellow)
•
2 cloves garlic, minced
•
1 green pepper, chopped
•
1-2 pounds of tomatoes, seeded, chopped, and crushed
•
2-3 teaspoons dried shrimp (optional)
•
1-3 teaspoons cayenne, to taste
•
Salt, to taste
•
Ground black pepper, to taste
•
2-3 cups peanut butter (use raw, unsalted, if available)
• 2 bouillon cubes (traditionally, chicken flavor is used, but opt for vegetable and omit the dried shrimp above for a vegetarian-friendly dish) •
10-15 fresh habanero peppers, washed and de-stemmed
What You Do: 1.
Heat 1 cup red palm oil over medium-high heat in a large pot.
2.
Sauté onion and garlic until soft.
3.
Add green pepper, tomatoes, dried shrimp (if using), cayenne, salt, and pepper. Cook for 10 minutes.
4.
Separately, mix peanut butter with nearly twice as much hot water and mix to soften. Add to pot.
5.
Add bouillon cubes to pot and continue to cook at a heavy simmer.
6. Add habaneros to pot and continue to simmer, stirring frequently and scraping the sides and bottom of pot as needed.
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7.
Add more peanut butter and/or water and continue to simmer until the desired consistency is reached.
8.
Add salt, pepper, cayenne, and additional red palm oil to taste and cook for an additional 20-30 minutes.
9.
Remove habaneros and serve over long-grain white rice.
Oryza Overnight Recap - Chicago Rough Rice Futures Mixed as July Continues to Add Premium to New Crop Futures Jun 24, 2014 Chicago rough rice futures for Jul delivery are currently noted 12.5 cents per cwt (about $3 per ton) higher at $14.750 per cwt (about $325 per ton) as of 9:00am Chicago time. The other grains are seen lower this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.8% lower, wheat is trading 0.4% lower, and corn is noted about 0.4% lower. U.S. stock index futures were mostly lower on Tuesday, after data on home prices came in just above expectations. The Case-Shiller index of home prices up 10.8% in April from the year earlier, and 1.1% from the prior month. The data comes an hour ahead of a new-home sales number for May, and comes a day after a report that had existing-home sales rising more than expected last month. Speaking in New York on Tuesday, Philadelphia Federal Reserve Bank President Charles Plosser said the economy is nearing the central bank's targets more quickly than expected, and could have the Fed increasing interest rates sooner than anticipated. After two months of heavy fighting, separatist leaders in eastern Ukraine have agreed to a ceasefire with government forces until June 27. The truce runs parallel to a military ceasefire declared by Ukrainian President Petro Poroshenko last Friday, as part of a plan to end the insurgency. Back in the U.S., the Treasury will auction $30 billion in two-year bonds during the afternoon. Gold is currently trading about 0.2% higher, crude oil is seen trading slightly lower, and the U.S. dollar is currently trading a touch lower at 8:45am Chicago time.
Fuzzy Logic behind High Rice Yields Stumps Farmers Jun 24, 2014
The rice grain simply stumped farmers in West Jerilderie in New South Wales, Australia, this year as they were not able to poinpoint the reason for high rice yields in the recent hot season. This year, the farmers were pleseantly surprised to see crops yielding 2-3ton/hectares above target yields and that too through adopting normal managemanet practices. Farmers who grew 12.5tons/hectare or more attributed the good yields to the temperature and water management. Bankless channel layouts aided a good yield, they added. The group host had a bigger thanksgiving list which included a paddock, good weed control in the previous crop, water control, bankless channels etc for the yields. Although some farmers feared low water levels at the sensitive microspore stage could affect their yields, they were pleasantly surprised that even their yield was as good as the rest with better farm conditions. Meanwhile, drill sowers said 18-20 cm spacing was better than 25
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cm rows because the cold start prevented the tiller (hand operated or automatic tilling machine) works to take place on wider spacings.
Bangladesh Promotes Energy-Saving Green Parboiling Units Jun 24, 2014
The Bangladesh Bank (BB) is encouraging rice millers to replace their old parboiling units with new energysaving units through a project called 'Efficient Rice Husk Parboiling Programme' as part of its efforts to support 'green energies,' according to local sources. The BB is planning to replace around 50,000 inefficient boilers in the country.The BB has collaborated with the Ministry of Power, Energy and Mineral Resources (Power Division), commercial banks and German Society for International Cooperation (GIZ) to carry out the project, which is aimed at increasing the overall efficiency of rice mills by replacing inefficient and more energyconsuming parboilers with new energy-saving ones. Under the project, commercial banks will disburse loans to rice millers at interest rates below 10% for allowing them to replace their old parboiling units with new ones. Local sources say the Central Bank has already disbursed around Tk 2 billion (around $25.3 million) at an interest rate of 5% by May 2014 and its refinance scheme will continue till 2021.The project is part of the government's efforts to fight climate change. Additional secretary at the Power Division told local media sources that the new parboiling units are expected to provide about 50% of energy savings to rice mills by reducing the use of rice husk, which is used in heating water for processing rice, by more than 50 as well as reducing processing costs significantly. He also noted that the saved rice husk could be used for other purposes such as power distribution on other projects. The Sustainable Energy Development (SED) engineers at GIZ designed the new boilers. The Additional Secretary also noted that the government has allocated a fund of Tk 4 billion in the new budget for the FY 2014-15 (July - June) towards promotion of energy-efficiency and renewable energy, and would use part of this allocation for boiler replacement project.
Thailand OAE Estimates 2014-15 Paddy Rice Production to Slightly Increase to 38.8 Million Tons Over Last Year Despite 1% Decline in Planting Area Jun 24, 2014
Thailand paddy rice (with 15% moisture content) production is estimated to reach around 38.8 million tons (about 26 million tons, basis milled) in crop year 2014-15 (January 2014 - December 2014), slightly more than the estimated 38.79 million tons in 2013-14, despite a 1% decline in planted area this year, according to data from the Office of Agricultural Economics (OAE).The OAE, in its June 2014 estimates, says that the 2014 main-season crop (May - January) will account for about 28.58 million tons of paddy rice, while the 2014 offseason crop (January - June) will account for about 10.23 million tons of paddy rice this year.
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The yield from the 2014 main crop is expected to increase to around 2.76 tons per hectare, up about 3% from around 2.69 tons per hectare in 2013. However, the yield from the 2014 second crop is expected to decline to around 4 tons per hectare, down about 4% from about 4.18 tons per hectare last year. Thailandâ€&#x;s total rice planted area is estimated to decline by about 1% to 12.88 million hectares in 2014 from 12.97 million hectares in 2013. Planted area under the main-season crop is estimated to decline to around 10.35 million hectares in 2014 from around 10.4 million hectares in 2013, while planted area under the off-season crop is estimated to decline to around 2.54 million hectares in 2014 from around 2.57 million hectares in 2013.The expected decline in rice planting area is mainly due to drought in some parts of Thailand's rice growing areas. The government agriculture zoning program is also underway, in which about 4.44 million hectares of rice area (or about 39% of the total rice area of around 11.34 million hectares) would be used to grow other cash crops, such as sugarcane, in 3-4 years. According to the USDA, Thailandâ€&#x;s paddy rice production is expected to reach around 31 million tons (about 20.5 million tons, basis milled) in MY 2013-14 (January 2014-December 2014), up about 1.5% from around 30.6 million tons of paddy (about 20.2 million tons, basis milled) in MY 2012-13. The USDA forecasts Thailand to export 9 million tons of rice in 2014, up about 34% from around 6.7 million tons in 2013. Thailand's paddy rice area is estimated to increase to 10.9 million hectares in MY 2013-14 from 10.84 million hectares in MY 2012-13.
Rwanda Increases Tariff on Rice Imports from Outside EAC Jun 24, 2014
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Rwanda has increased tariff on rice imported from outside the East African Community (EAC), of which Rwanda is a member, to 45% from the current 30% to protect local farmers, according to local sources.The move would help align the country's import duty structure with the other members of the EAC - Republics of Burundi, Uganda, Kenya and Tanzania - said the Finance Minister. He also noted that the move would also encourage local production adding that the East African nation has the potential and capacity to produce enough rice to meet the required demand. The Minister stated that the country spent around Rwf11 billion (around $15.9 million) on importing rice in 2012, but could reduce rice import bills to around Rwf8.4 billion (around $12 million) in 2013, as the production has been increasing since 2012. The country produced around 85,883 tons in 2012 and is expected to produce around 147,560 tons in 2014, according to the Minister. He however, expressed dissatisfaction that there is still a gap between supply and demand. He said the government is planning to become self-sufficient in rice by 2016.
However, retailers noted that the local price of rice in the country may increase by around Rwf100 per kilogram (around $145 per ton) from the current Rwf700 per kilogram (around $1,013 per ton) due to the increase in import tariff. They noted that imports from outside the EAC will have to continue as the other members of the EAC do not currently produce surplus rice to service Rwanda's demand needs. USDA estimates Rwanda to produce around 58,000 tons of rice and import around 40,000 tons in MY 2013-14 (May - April) to meet a consumption demand of around 98,000 tons
Philippines Mulls Opening Rice Imports to Control Price Hikes What a contradictory move? The Philippines government, which has been seeking extension for imposing quantitative restrictions on rice imports at the WTO for the last couple of years to protect its rice sector, is now planning to open its rice import market to control prices.The World Trade Organization Committee on Trade and Goods (WTO-CTG) has just
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approved the Philippines request for continuation of QRs till 2017, according to the Philippines Agriculture Secretary. Endorsement with the General Council is still pending.According to an article in the Bloomberg Businessweek,
The Philippines is considering easing rice-import curbs and adopting a free market mechanism allowing private traders to import as much rice as they want. The Economic Planning Secretary was quoted as saying that the government's policy of restricting imports, without adequate assurance of increase in production to meet the requisite demand, has led to a sharp increase in prices as well as rice smuggling in the country.He noted that the government will consider a proposal on the move next month adding that it may as well consider imposing high tariffs on rice imports to avert influx of cheap imported rice in the country. He said the government will take steps to protect farmers from cheap imports by providing access to higher-quality rice varieties as well as credit and improving the supply chain. According to data from the UN's Food and Agricultural Organization, average domestic prices of regular milled rice increased to around P37,020 (around $844) per ton in June 2014, up about 22% from around P30,340 (around $710) per ton in June 2013. Average domestic prices of well milled rice increased to around P39,860 (around $909) per ton in June 2014, up about 20% from around P33,180 (around $770) per ton in June 2013. The USDA estimates the Philippines will import around 2 million tons of rice in MY 2013-14 (July – June), including around 500,000 tons of unofficial rice imports, and the UN‟s Food and Agriculture Organization estimates the country to import around 1.2 million tons of rice in 2014 (January – December).
Brazil Paddy Rice Index Unchanged From Last Week Jun 24, 2014
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The Brazilian paddy rice index maintained by CEPEA reached at about 36.49 real per 50 kilograms as of June 23, 2014, unchanged from a week ago.In terms of USD per ton, the index reached at about $326.8 per ton on June 23, 2014, almost unchanged from about $327.1 per ton recorded a week ago.
Vietnam Rice Sellers Lower Some of Their Quotes; Other Asia Rice Quotes Unchanged Today Jun 24, 2014 Vietnam rice sellers lowered their quotes for Jasmine rice by about $10 per ton to about $555 - $565 per ton today. India and Pakistan rice sellers kept their quotes mostly unchanged. Thailand rice quotes for white rice 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. Indian 5% rice is quoted at about $430 - $440 per ton, down about $5 per ton from Friday and about $10 per ton lower than Pak 5% rice quoted at about $440 - $450 per ton. 25% Broken Rice Thai 25% rice (of the old crop) was last quoted at around $350 - $360 per ton, about $10 per ton lower than Viet 25% rice (of new crop) quoted at about $360 - $370 per ton. Indian 25% rice is quoted at around $390 - $400 per ton, about $5 per ton above Pak 25% quoted at about $385 - $395 per ton. Parboiled Rice Thai parboiled rice (of the old crop) is quoted at about $430 - $440 per ton. Indian parboiled rice is quoted at around $405 - $415 per ton, about $30 per ton lower than Pak parboiled rice quoted at about $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 about $330 - $340 per ton. Indian broken sortexed rice is quoted at about $315 - $325 per ton, about $10 per ton lower than Pak broken sortexed rice quoted at about $325 - $335 per ton.
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Oryza Global Rice Quotes June 25th, 2014 Long grain white rice - high quality Thailand 100% B grade
NQ
↔
Vietnam 5% broken
405-415
↔
India 5% broken
430-440
↔
Pakistan 5% broken
440-450
↔
Cambodia 5% broken 440-450
↔
U.S. 4% broken
575-585
↔
Uruguay 5% broken
625-635
↔
Argentina 5% broken 620-630
↔
Long grain white rice - low quality Thailand 25% broken NQ
↔
Vietnam 25% broken 360-370
↔
Pakistan 25% broken 385-395
↔
Cambodia 25% broken
410-420
India 25% broken
390-400
↔
U.S. 15% broken
550-560
↔
↔
Long grain parboiled rice Thailand parboiled 100% stxd
425-435
↔
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Pakistan parboiled 5% broken stxd
435-445
↔
India parboiled 5% broken stxd
405-415
↔
U.S. parboiled 4% broken
660-670
Brazil parboiled 5% broken
NQ
Uruguay parboiled 5% broken
↔
↔ NQ
↔
Long grain fragrant rice Thailand Hommali 92% Vietnam Jasmine
985-995
555-565
↔
NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Malis 845-855
↔
India basmati 2% broken
↔
Brokens Thailand A1 Super NQ ↔ Vietnam 100% broken 330-340 Pakistan 100% broken stxd 325-335 Cambodia A1 Super 350-360 ↔ India 100% Broken stxd 315-325 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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