28th August , 2014
Chinese COLOR SORTER as low as Pak Rs 22 Lakh Only A Time Limited Offer Contact: Cell: 0300 414 3493
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
TOP Contents - Tailored for YOU Latest News Headlines… India Rice Sellers Lower Their Quotes Today; Other Asia Rice Quotes Unchanged China imports 1.32 Million Tons of Rice in First Six Months of 2014, Slightly Down from Last Year Oryza Afternoon Recap - Chicago Rough Rice Futures Forced Lower as Front Month Spread Activity Continues to Drive Price Direction Oryza Overnight Recap - Chicago Rough Rice Futures Seen Higher as Market Attempts to Recover Losses Sustained in Previous Session South Korea Buys 28,288 Tons of Non-Glutinous Rice in Tender SUPARCO Estimates Pakistan FY 2013-14 Milled Rice Production to Cross 7 Million Tons Paddy Rice Prices Firm in Italy Ahead of New Crop Harvest Philippines Rejects Bids in 500,000 Ton Rice Tender due to High Prices Rice Bucket Challenge Goes Global Oryza Global Rice Quotes
NEWS DETAILS:
India Rice Sellers Lower Their Quotes Today; Other Asia Rice Quotes Unchanged Aug 27, 2014
India rice sellers lowered their quotes for 5% broken rice and parboiled rice by about $5 per ton each to around $435 - $445 per ton and $425 - $435 per ton respectively today. Other Asia sellers kept their quotes unchanged . 5% Broken Rice Thailand 5% rice is quoted at around $440 - $450 per ton, about $5 per ton discount to Vietnam 5% rice quoted at around $445 - $455 per ton. India 5% rice is quoted at around $435 - $445 per ton, down about $5 per ton from yesterday and on par with Pakistan 5% rice quoted at around $435 - $445 per ton.
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25% Broken Rice Thailand 25% rice was last quoted at around $350 - $360 per ton, about $50 per ton discount to Vietnam 25% rice quoted at around $400 - $410 per ton. India 25% rice is quoted at around $390 - $400 per ton, on par with Pakistan 25% rice quoted at around $390 - $400 per ton. Parboiled Rice Thailand parboiled rice is quoted at around $440 - $450 per ton. India parboiled rice is quoted at around $425 $435 per ton, down about $5 per ton from yesterday and about $15 per ton discount to Pakistan parboiled rice quoted at around $440 - $450 per ton. 100% Broken Rice Thailand broken rice, A1 Super, was last quoted at around $310 - $320 per ton, about $30 per ton discount to Vietnam broken rice quoted at around $340 - $350 per ton. India broken sortexed rice is quoted at around $345 - $355 per ton, about $15 per ton premium on Pakistan broken sortexed rice quoted at around $330 - $340 per ton. Tags: Vietnam rice prices, India rice prices, pakistan rice prices, Thailand rice prices
China imports 1.32 Million Tons of Rice in First Six Months of 2014, Slightly Down from Last Year China has imported around 1.323 million tons of rice in the first six months of 2014 (January - June), slightly down from around 1.327 million tons imported during the same period last year, according to data from China Customs General Administration.In June 2014, China imported around 240,000 tons of rice, down about 11% from around 271,000 tons imported in May 2014, and up about 45% from around 165,110 tons imported in June 2013. USDA estimates China to import around 3.5 million tons of rice in 2014, up about 24% from around 3.144 tons imported in 2013.
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Tags: China rice imports
Oryza Afternoon Recap - Chicago Rough Rice Futures Forced Lower as Front Month Spread Activity Continues to Drive Price Direction Aug 27, 2014
Chicago rough rice futures for Sep delivery settled 6 cent per cwt (about $1 per ton) lower at $12.795 per cwt (about $282 per ton). The other grains finished the day with mixed results; soybeans closed about 0.4% lower at $10.2375 per bushel; wheat finished about 1.1% higher at $5.4725 per bushel, and corn finished the day unchanged at $3.6500 per bushel. U.S. stocks wavered on Wednesday as Wall Street opted to catch its breath, a day after the S&P 500's first close above 2,000. Fluctuating between modest gains and declines, the Dow Jones Industrial Average was lately off 7.16 points at 17,099.54. The S&P 500 dropped 2.53 points, or 0.1%, to 1,997.49, with energy the worst performing of its 10 major sectors. The Nasdaq declined 6.42 points to 4,564.22. Gold is trading about 0.2%
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lower, crude oil is seen trading marginally lower, and the U.S. dollar is seen trading about 0.3% lower at about 1:00pm Chicago time. Tags: U.S. rice prices, U.S. rice market, chicago rough rice futures
Oryza Overnight Recap - Chicago Rough Rice Futures Seen Higher as Market Attempts to Recover Losses Sustained in Previous Session Aug 27, 2014
Chicago rough rice futures for Sep delivery are seen 5 cents per cwt (about $1 per ton) higher at $12.905 per cwt (about $285 per ton) during early floor trading in Chicago. The other grains are seen mostly higher this morning: soybeans are currently seen 0.4% higher, wheat is listed about 0.1% higher and corn is noted about 0.7% lower. U.S. stocks looked set to open higher on Wednesday, with stock-index futures in the black after the S&P 500 closed above 2,000 for the first time. Investors will be watching to see if the benchmark index can hold onto the 2,000 mark again on Wednesday. The Mortgage Bankers Association reported mortgage applications rose 2.8% last week from the week earlier. The Treasury is scheduled to auction $35 billion in 5-year notes and $13 billion in 2-year floating-rate notes. Geopolitical events remained in focus, with Israel and Gaza militants agreeing to a full open-ended ceasefire on Tuesday. However, there was no breakthrough in talks between Russia and Ukraine, although both sides agreed that there was an urgent need to de-escalate the conflict in eastern Ukraine. U.S. stock futures are currently trading about 0.1% higher, gold is currently trading about 0.1% higher, crude oil is seen trading about 0.1% higher, and the U.S. dollar is currently trading about 0.2% lower at 8:45am Chicago time. Tags: U.S. rice prices, U.S. rice market, chicago rough rice futures
South Korea Buys 28,288 Tons of Non-Glutinous Rice in Tender Aug 27, 2014
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South Korea's state run Agro-Fisheries & Food Trade Corporation (KAFTC) has purchased 28,288 tons of nonglutinous rice of Chinese and U.S. origins (japonica) for delivery between December 15-31, 2014, according to tender results announced on its website. The results are for tender that closed on August 25, 2014. The KAFTC will buy 12,725 tons of medium grain brown rice of Chinese origin at about $908.20 per ton, 11,112 tons of medium/short grain brown rice of U.S. origin at about $902.78 per ton and 4,451 tons of medium grain milled rice of U.S. origin at about $1,009.8 per ton. The KAFTC originally issued tenders to buy 47,378 tons of non-glutinous rice. Results for the remaining 19,090 tons - 10,000 tons of medium type milled rice, 6,980 tons of medium/short type milled rice and 2,110 tons of medium/short milled rice - are yet to be announced.
Tags: South Korea rice tenders, South Korea rice imports, South Korea Agro-Fisheries Corporation (KAFTC)
SUPARCO Estimates Pakistan FY 2013-14 Milled Rice Production to Cross 7 Million Tons Aug 27, 2014
The National Space Agency of Pakistan (SUPARCO) has estimated Pakistan FY 2013-14 (July - June) milled rice production to cross 7 million tons in its July crop report.
According to the report, planting of coarse rice for the FY 2014-15 kharif rice crop (May - December) was completed by early July and has reached heading or panicle formation stage. The basmati crop was under transplantation by end of July and will be completed by mid of August given uninterrupted irrigation facilities. Based on the data from the Rice Exporters Association of Pakistan (REAP), the Pakistani government earned around $846 million from basmati rice exports in FY 2013-14. SUPARCO estimates normal monsoon rains in all the rice growing areas of Punjab, KP, Sindh and Balochistan in July. In its June report, SUPARCO estimated Pakistan FY 2013-14 (July June) milled rice production at about 7.1 million tons from an
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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 631,900 tons from Balochistan province and about 130,000 tons from Khyber Pakhtunkhwa (KP) province. According to the Economic Survey of Pakistan for 2013-14 released by the Ministry of Finance in June 2014, rice accounted to about 0.7% of agricultural GDP. USDA estimates Pakistan to produce about 6.6 million tons of rice, basis milled, in MY 2013-14 (November 2013 - October 2014). It estimates Pakistan rice production to increase to about 6.7 million tons in MY 201415. Tags: Pakistan rice production, Pakistan Basmati Rice Production, Rice Exporters Association of Pakistan (REAP)
Paddy Rice Prices Firm in Italy Ahead of New Crop Harvest Aug 27, 2014
As domestic paddy availability in Italy declines, the number of quoted varieties has dwindled and quotes remain firm. At Milan Grain Exchange, activity stopped for two weeks, from August 5 to August 26, when farm gate paddy quotes remained limited to five varieties: Roma paddy price is increasing from 460-490 euros (about $ 606-646) per ton of August 5 to 500-530 euros (about $ 659-699) per ton of August 26; Thaibonnet and similar firm at 230-240 euros (about $ 303-316) per ton, unchanged from August 5; Vialone Nano unchanged at 925960 euros (about $ 1,220-1,266) per ton, unchanged from August 5; while Balilla advanced from 250-260 euros (about $ 329-342) per ton of August 5 to 275-285 euros (about $ 362-375) per ton of August 26; also Selenio increased slightly from 255-275 euros (about $ 336-362) per ton of August 5 to 280-300 euros (about $ 369395) per ton of August 26. Tags: italy rice prices, italy rice crop
Philippines Rejects Bids in 500,000 Ton Rice Tender due to High Prices Aug 27, 2014
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The National Food Authority (NFA) of the Philippines has rejected bids for 500,000 tons of 25% broken white rice in today's tender due to high prices, according to Reuters.The government allocated around 10.27 billion pesos (around $234.5 million) towards the rice importation. Reuters reports that the NFA received bids between $460 to $496.75 per ton, while it set an undisclosed threshold of $456.6 per ton. "Based on the non-responsive bids, we can declare a failure of bidding," the head of the NFA bidding panel was quoted as saying to the group of four rice traders who participated in the bidding. The NFA spokesperson was quoted as saying that the agency would hold another tender following today's rejection of bids. The imports, which are slated to arrive between September and November, are expected to strengthen state stockpiles and curtail local retail rice pricehikes in the country.The country is likely to miss its production target of around 19.07 million tons this year by 2%, according to the Philippine Statistics Authority (PSA). With possible crop losses over the next four months, the government has authorized the NFA to import another 500,000 tons of rice in addition to already imported 800,000 tons and today's tender for 500,000 tons. Therefore, the Philippines is expected to import over 2 million tons of rice this year at zero-percent duty. Additionally, the private sector can import around 350,000 tons at 40% duty under WTO quota.USDA estimates the Philippines will import around 1.45 million tons of rice in 2014, including around 250,000 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. Tags: Philippines rice imports, Philippines rice tender, National Food Authority (NFA)
Rice Bucket Challenge Goes Global Aug 27, 2014
The rice bucket challenge (#ricebucketchallenge) encourages everyone to help those in need with a bucket of rice. The idea originated with Oryza's own Manju Latha Kalanidhi of Hyderabad, India. Media calls the rice bucket challenge, “India’s spin on the ice bucket challenge,” while Manju has most recently also partnered with www.Ravishly.com, a women’s news and entertainment site, that is working with Manju and Oryza to take the initiative global. Rice is a particularly excellent food item to share with those in need because it is easy to transport and store, but the spirit of the rice bucket challenge extends beyond rice, as Ravishly mentions: To expand upon this initiative, we're asking our own team, and their friends, and as many other people as possible through the power of Internet osmosis, to help fight hunger by doing two simple things:
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Oryza Global Rice Quotes 27th August, 2014 Long grain white rice - high quality Thailand 100% B grade 455-465
↔
Vietnam 5% broken
445-455
↔
India 5% broken
435-445
↓
Pakistan 5% broken
435-445
↔
Cambodia 5% broken
465-475
↔
U.S. 4% broken
535-545
↔
Uruguay 5% broken
610-620
↔
Argentina 5% broken
610-620
↔
Long grain white rice - low quality ↔
Thailand 25% broken
NQ
Vietnam 25% broken
400-410
↔
Pakistan 25% broken
390-400
↔
Cambodia 25% broken 450-460
↔
India 25% broken
390-400
↔
U.S. 15% broken
525-535
↔
Long grain parboiled rice Thailand parboiled 100% stxd
440-450
Pakistan parboiled 5% broken stxd
↔
440-450
↔
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India parboiled 5% broken stxd 425-435
↓
U.S. parboiled 4% broken
630-640
↔
Brazil parboiled 5% broken
595-605
↔
Uruguay parboiled 5% broken NQ
↔
Long grain fragrant rice Thailand Hommali 92% Vietnam Jasmine
1055-1065 580-590
↔
India basmati 2% broken
NQ
↔
Pakistan basmati 2% broken
NQ
↔
Cambodia Phka Malis 880-890
↔
↔
Brokens Thailand A1 Super
NQ
↔
Vietnam 100% broken 340-350 Pakistan 100% broken stxd Cambodia A1 Super
↔
330-340
360-370
↔
India 100% Broken stxd
345-355
Egypt medium grain brokens
NQ
U.S. pet food
↔
470-480
Brazil half grain
NQ
↔
↔
↔
↔
Medium grain milled U.S. Calrose 4% broken
1025-1035
Egypt medium grain 6%
NQ
↔
↔ All prices USD per ton, FOB vessel, oryza.com
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874