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TOP Contents - Tailored for YOU Latest News Headlines…
Oryza U.S. Rough Rice Recap - Unchanged Market Despite Cancellation of Warehouse Receipts Oryza White Rice Index – Prices Fail to Rally Dispite Thailand Export Interruptions and Signs of Improved Import Demand Cut Water Costs, Reduce Nitrogen Loss, Reap Better, Through Multiple Inlet Farming, Advises MSU Oryza Afternoon Recap - Chicago Rough Rice Futures Close Higher as New Crop Futures Find Support Oryza Rice Currency Analysis for Today – Mexico Peso Up 0.4% Finally, an Affordable Rice Blast Solution Philippines to Import Additional 200,000 Tons of Rice from Vietnam to Ensure Supplies and Curb Price Hikes Oryza Overnight Recap - Chicago Rough Rice Futures Firm Overnight Following Steep Sell-off Yesterday; Traders Expect Another Volatile Trading Day as July Moves into Expiration India Average Wholesale Rice Prices Decline Slightly m/m in June 2014; Increase 7% y/y Vietnam Produces 20.83 Million Tons of Paddy from Winter-Spring Crop; Up 4% from Last Year Philippines Plans to Increase Rice Imports Under MAV Quota to 805,000 Tons following WTO Approval to Continue QRs on Rice Italy Seeks Other EU Members Support over Safeguard Clause for Imports from LDCs Vietnam Rice Quotes Increase for Fragrant Rice Today; Other Asia Rice Quotes Unchanged
News Detail… Oryza U.S. Rough Rice Recap - Unchanged Market Despite Cancellation of Warehouse Receipts Jun 27, 2014
The U.S. cash market was unchanged today as sellers continue to hold firm expecting new demand to lift the market higher. Given how much higher current were 8 warehouse receipts canceled overnight leaving 300 left on the exchange (27,300 tons).As of today, old crop offers could still be found around $15.75 per cwt fob farm (about $347 per ton) for July shipment although some sellers still have their sights set on $16.11 per cwt fob farm (about $355 per ton). Bids from exporters were unchanged near $15.15 per cwt (about $334 per ton) for July delivery while some smaller mills were still said to be paying around $16.00 per cwt (about $353 per ton) for the same delivery period; however, there were again reports of rice trading as low as $15.40 per cwt (about $340 per ton) for prompt delivery.
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Oryza White Rice Index – Prices Fail to Rally Dispite Thailand Export Interruptions and Signs of Improved Import Demand Jun 27, 2014
The Oryza White Rice Index, a weighted average of global white rice export quotes, ended this week at about $461 per ton, down about $2 per ton from a week ago, up about $4 per ton from a month ago and down about $13 per ton from a year ago.
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The European Union imported about 820,438 tons of milled rice during September 1, 2013-June 17, 2014, up about 17% from the same period last year, according to EU data. The United Kingdom was the largest importer among the EU countries. Thailand Thailand white rice quotes are not available this week as the military junta froze rice exports to check rice stocks. Thailand 5% broken rice was last shown at about $385 per ton. The Thai Rice Exporters Association is targeting 2014 rice exports of about 9 million tons; so far, Thailand has shipped about 3.8 million tons. According to the Office of Agricultural Economics (OAE), paddy rice production in the country is expected to reach about 38.8 million tons (about 26 million tons, basis milled) in crop year 2014-15 (January 2014December 2014). This is only slightly more than the estimated production in 2013-14, despite a 1% decline in planted area this year (due to rice-growing regions affected by drought). Earlier this week Thai court has sentenced a private exporter to a three-year jail term for failing to deliver a 20,000 ton government contract to Iran in 2007, according to Reuters. India India 5% broken rice is today shown at about $435 per ton, down about $5 per ton from a week ago, up about $5 per ton from a month ago and down about $10 per ton from a year ago. Planting for the kharif, or main, rice crop (June-December) in India has reached about 759,000 hectares as of June 20. This is about 54% less than the same time last year, according to the Indian Agriculture Ministry. According to the Agricultural and Processed Food Products Export Development Authority in India, the country exported 10.78 million tons of rice (basmati and non-basmati) in FY 2013-14 (April 1, 2013-March 31, 2014). This is about 6% more than in FY 2012-13. This week the Indian government increased the minimum support price (MSP) for paddy rice to about Rs. 1,360 per quintal ($226 per ton), an increase of about 3.8% from Rs. 1,310 per quintal (about $218 per ton), according to Reuters. The Indian state of Punjab, the largest producer of basmati rice in the country, will double acreage for basmati rice to one million hectares and decrease non-basmati acreage by 120,000 hectares over the next couple of years, according to local sources. The move is part of a crop diversification program aiming to prevent depletion of groundwater levels. Grain analyst Tejinder Narang, in an article in the Hindu Business Line, claims that the effectiveness of the government‘s decision to release about 5 million tons of rice from the Central Pool into the open market to control price hikes will depend on procurement and distribution agencies.
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Vietnam Vietnam 5% broken rice is today shown at about $410 per ton, unchanged from a week ago, up about $5 per ton from a month ago and up about $40 per ton from a year ago. During the period January 1- June 19, Vietnam exported about 2.687 million tons of rice, according to the Vietnam Food Association (VFA). This is about 23% less than the 5.3 million tons exported January-June 2013. Average rice export prices stand at about $433 per ton (FOB), up about $2 per ton from the same time last year. During June 1-19, Vietnam exported about 351,655 tons of rice, about 50% less than in the full month of June 2013 and about 40% less than exports in May 2014. The Vietnam government has announced plans to develop the domestic rice market and expand trade promotion in order to increase Vietnamese rice exports, according to local sources. Pakistan Pakistan 5% broken rice is today shown at about $445 per ton, unchanged from a week ago, up about $15 per ton from a month ago and up about $20 per ton from a year ago. The United Nations Food and Agriculture Organization (FAO) estimates Pakistan will export about 3.3 million tons of rice in 2014. This is an increase of about 5% from 2013 and is expected due to increased production. The FAO estimates Pakistan‘s 2014 rice production to reach about 9.8 million tons, about 2% more than in 2013, due to good weather and adequate water. Brazil The Brazilian paddy rice index maintained by CEPEA reached 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. Brazil exported about 557,063 tons of rice in January-May 2014, an increase of about 35% from the same period last year, according to the Rice Institute of Rio Grande do Sul. Conab estimates Brazil will produce about 12.2 million tons of paddy in 2013-14, up about 4% from 2012-13‘s production. There are no quotes available for Brazil 5% broken rice, but 5% broken rice from Uruguay and Argentina is shown at about $625 per ton today, unchanged from a week, a month and a year ago.
U.S.
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U.S. 4% broken rice is today shown at about $575 per ton, down about $5 per ton from a week ago, down about $10 per ton from a month ago and down about $40 per ton from a year ago.
Old crop offers for paddy held steady this week at $15.75 per cwt fob farm (about $347 per ton) for July shipment, but most sellers continued to hold out for at least $16.11 per cwt fob farm (about $355 per ton). Bids from exporters were about $15.15 per cwt (about $334 per ton) all week and small mills hovered around $16.00 per cwt (about $353 per ton). There were a few reports of rice trading as low as $15.40 per cwt (about $340 per ton) for prompt delivery throughout the week. Chicago rough rice futures for September delivery dropped pretty steadily this week, opening at $13.750 per cwt (about $303 per ton) on Monday and closing at $13.460 per cwt (about $297 per ton) on Friday. Other Markets: Cambodia 5% broken rice is today shown at about $445 per ton, unchanged from a week ago, up about $5 per ton from a month ago. Bangladesh has extended the ongoing ban on non-fragrant rice exports to the fiscal year 2014-15 (July 1, 2014June 30, 2015) in order to ensure supplies and control price hikes in the local market, according to the Commerce Ministry. The Bangladesh Bank is urging rice milers to replace old parboiling units with new energy-saving ones through a project called ―Efficient Rice Husk Parboiling Programme‖ in efforts to promote green energy, according to local sources. The Bank plans to replace around 50,000 inefficient boilers in the country. The Philippines will be allowed to continue Quantitative Restrictions (QRs) on rice imports, according to the World Trade Organization Committee on Trade and Goods (WTO-CTG). The QRs expired in June 2012 and the country has been requesting an extension until 2017. Just days after the WTO-CTG announced approval, the Philippines government is now planning to open its rice import market in efforts to control prices. The country has since announced it will import another 250,000 tons of rice in 2014 to prevent shortages and control rising prices, according to local sources. During January-May 2014, China imported about 1.08 million tons of rice, about 7% less than during the same period last year, according to the China Customs Genearl Administration. In May, China imported about 271,000 tons of rice, about 16% less than in April but about 66% more than in May 2013.
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Rwanda has increased its tariff on rice imported from outside the East African Community (EAC) to 45% from the current 30%, according to local sources. The increase is an effort to protect local farmers, but has received some criticism from people who say it will increase the cost of rice in the country because the EAC does not produce enough surplus rice to meet Rwanda‘s needs. The UN‘s FAO estimates that Venezuela‘s 2014 paddy rice production will reach 940,000 tons (about 639,000 tons, basis milled), as a result of good weather conditions and increased planting area. Iraq has issued a tender to purchase about 15,000 tons of basmati rice from India, according to Reuters. The tender is open until June 29 and offers must be valid until July 3. A separate tender for about 30,000 tons of rice from the U.S., Uruguay, Argentina, Brazil, or Vietnam closed on June 23 and the results are not yet known. Korea Agro-Fisheries in South Korea issued a tender to purchase about 60,369 tons of non-glutinous rice. Bids are due by July 7 and the rice must arrive between October 31 and December 31. The average price for all kinds of paddy rice in Spain remained unchanged from the previous week, but the average paddy price for the week of June 8 was 274 euros (about $373 per ton), well below the price in 2012 (310 euros or about $422) and in 2013 (293 euros or about $399).
Cut Water Costs, Reduce Nitrogen Loss, Reap Better, Through Multiple Inlet Farming, Advises MSU Jun 27, 2014
Applying multiple inlet and intermittent flooding techniques in rice farms has saved 30 percent costs on water, said the Mississippi State University (MSU) based on its findings of a four year study on two farm trials. MSU, which has also been examining intermittent flooding of rice for the last ten years, has also found that although intermittent flooding makes the paddy field reach a soupy state before being reflooded, it is only the top portion of the paddy which actually becomes soupy. It has been found that when rice producers used multiple inlet irrigation technique, it has resulted in a multitude of advantages including reduced water consumption, savings of 18 per cent of water cost over straight levee (stopbank or floodbank) production practices besides reduced nitrogen loss. When managed well, this method can result in the field flooding up evenly from top to bottom at the same time. On the other hand, excessive and erratic pumping, deep water levels could mean losses to the farm.
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Interestingly, it has been found that the top portion of paddy yields more than the bottom and farmers attribute the difference in yields to the deep water depth on the bottom portion of the paddy. In the 2010 growing season, it has been verified that the yield on the top portion of the paddy is more than 13.2 bushels per acre as compared to the bottom.
Oryza Afternoon Recap - Chicago Rough Rice Futures Close Higher as New Crop Futures Find Support Jun 27, 2014
Chicago rough rice futures for Sep delivery settled 9.5 cents per cwt (about $2 per ton) higher at $13.555 per cwt (about $299 per ton). The other grains finished the day with mixed results; soybeans closed about 1.3% lower at $12.2800 per bushel; wheat settled about 1.5% higher at $6.6500 per bushel, and corn finished the day about 0.9% higher at $4.4725 per bushel. U.S. stocks declined on Friday, with the Dow industrials and S&P 500 on track for weekly losses, after DuPont trimmed its earnings forecast, leading a retreat in the materials sector. Investors were little moved by a report that had consumer sentiment climbing in June, with the Thomson Reuters/University of Michigan's index on consumer sentiment rising to 82.5, up from 81.9 in May. The confidence report comes a day after weaker-thanexpected consumer spending prompted economists to cut their growth forecasts for the second quarter. The Dow Jones Industrial Average fell 65.76 points, or 0.4 percent, to 16,780.37. After erasing a four-point drop, the S&P 500 lately was off 5 points, or 0.3 percent, at 1,952.22, with materials falling the most and utilities the best performing of its 10 major industry sectors. The Nasdaq turned lower, lately down 2.06 points, or 0.1 percent, to 4,376.99. Gold is trading about 0.2% higher, crude oil is seen trading about 0.2% lower, and the U.S. dollar is seen trading 0.2% lower at about 1:00pm Chicago time.Thursday, there were 1,786 contracts traded, up from 614 contracts traded on Wednesday. Open interest – the number of contracts outstanding – on Thursday decreased by 467 contracts to 8,673.
Oryza Rice Currency Analysis for Today – Mexico Peso Up 0.4% Jun 27, 2014
U.S. dollar index was down -0.22% from the open today, when it traded at 80.042 at the close. Euro was stronger +0.26% by the close, trading around 1.3647 by end of day, after trading between an intraday high of 1.3648 and low of 1.3610. Thai baht was stronger +0.07%, trading at 32.458 at the close of business. Indian rupee was stronger +0.10% at 60.0850. Brazilian real was weaker -0.12% at 2.1993 reais per dollar.
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Pakistan rupee was +0.01% stronger at 98.7500. Vietnamese dong was unchanged at 21330. Mexican peso was stronger +0.35% today, when it traded at 12.9716 pesos per dollar by the close of business. Chinese yuan was stronger +0.11% at 6.2181. Argentine peso was weaker -0.01% at 8.1326 pesos per dollar.
Finally, an Affordable Rice Blast Solution It may sound like a pipedream, but what if farmers could magically find a solution that can blast and blow off the rice blast fungus into smithereens? Well, Dr. Harsh P. Bais from the University of Delaware and his team may have found somethin g that could possibly change the face of rice production because each year, rice blast fungus destroys enough rice to feed more than 60 million people. The fungus is known to occur in 85 countries worldwide. The team has discovered a naturally-occurring microbe living right in the soil around rice plants — Pseudomonas chlororaphis EA105 that inhibits the devastating rice blast. Dr Harsh, please give us a backgrounder of this breakthrough research. I moved to the US from India nine years ago and have been associated with research on plant microbe interaction since then. In 2008, I started working with Dr Venkatesan Sunderashan on developmental action of microbes, especially in paddy and rice. Since 2008, we were funded to look into what is around a paddy root. We all know the
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microbe is there, but what we needed to know is what they actually do. We are trying to understand their job through sequencing. How specific are they? Are these specific set of microbes different from maize? We want to see if we can culture what we can find through sequencing. Is this rice-friendly microbe called Pseudomonas chlororaphis EA105 found in all soils? If not, can it be introduced into any soil? In our research, we have found that this particular microbe is associated only with rice root and in no other part. That its availability is so specific indicates that it also has a specific purpose and function. EA105 protects rice plants from rice blast, a global problem. Yes, it is possible to transfer this microbe onto other plants like wheat. The company (name withheld due to confidential clause) that is working on patenting this technology is planning to convert this microbe into a powder format which can be applied onto other plants for better results. The powder form can be introduced in the root or on leaf surfaces. One can expect this product to be out in the next two months (August or September 2014), if all goes well. What exactly did the laboratory experiments reveal? In Delaware, we cannot grow the rice plant in regular soil as it is not suitable. We cultivated it as a hydroponic ((a method of growing plants using mineral nutrient solutions in water, without soil) in a green house. However, we have conducted many experiments in paddy soil in California and made our observations based on collections of realistic soil. In the near future, farmers can buy the EA105 strain and introduce it in their farms to fight the rice blast fungi in wheat or other plants. What do you think is the best thing about the microbe that will make it a coveted solution to treat rice blast? The farming industry is yet to find an anti-fungicide that works consistently against rice blast as rice strains develop immunity towards synthetic or chemical products in no time. In this context, having a natural solution is bound to be effective and an economical solution. The amount of money spent on bactericides and fungicides will certainly come down if we can crack the problem of transferring this microbe to other plants. Though it is tough to compute how much of this microbe one would need for an acre of plant to fight the fungus, one thing is for sure – it is going to be much, much cheaper than using fungicides and bactericides etc. We will be doing field trials in India, Japan and Indonesia shortly where the rice blast is prevalent. We may not be able to conduct field trials in US because rice crop in US do not have this pathogen and it is not permissible to carry the rice blast into countries which do not have it. What’s next from the University of Delaware’s rice research team? We are working on a drought-tolerant variety. I am in India right now and I know it‘s a poor monsoon this year. At the college, we need to develop strains that can withstand drought and can tolerate lack of water. We are looking at probiotic for plants that make good microbes in plans sake for us. Where do developing countries like India stand when it comes to rice technology?
India still practices old school cultivation. Her acceptability for new techniques and technology is poor when compared to her farming counterparts in the US and Europe. In the west, farmers do care about new technology and make attempts to see what they can try out in their farms. They don‘t hesitate to call or mail a researcher to
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find out what can be of use to them. India‘s new Prime Minister Narendra Modi rightly said about ensuring ‗lab to field‘ transfer of technology. The first step is to make agricultural universities and students in India to take up the job of spreading the word about research and help farmers comprehend and infuse new technology into their farms. They should reach out and try out new stuff. What do you think should be the current focus in rice research? I believe that across the world, we have truly maximised the soil‘s potential in rice yields. In other words, we are able to produce the maximum rice that we can, from an acre of land. Now, the focus should be on a) how to protect the rice we have produced b) how to grow it cheaper by decreasing the use of NPK (Nitrogen Phosphorous and Potassium) c) how to translate laboratory results onto the open fields and derive best results. With regards to rice, what can we expect in the second half of 2014? Perhaps something even better than the famed basmati rice! I am personally interested in exploring Indian indigenous rice varieties and try bioprospecting (Bioprospecting is the process of discovery and commercialization of new products based on biological resources) which have a lot of untapped potential. Researcher‘s bio: Dr. Harsh P. Bais has received his Ph.D from University of Mysore in 2002. He did his M.S in Biotechnology from BITS, Pilani, India. He has been Affiliated Faculty in Center for Environmental Genomics, University of Delaware in 2008. He was Assistant Professor in Department of Plant and Soil Sciences, University of Delaware. He completed his Postdoctoral fellowship in Colorado State University (2000-2005).
Philippines to Import Additional 200,000 Tons of Rice from Vietnam to Ensure Supplies and Curb Price Hikes Jun 27, 2014
The Philippines will import the additional 200,000 tons of rice from Vietnam increasing the total imports from Asia's second biggest exporter to one million tons, according to Bloomberg. The Southeast Asian nation has decided to import more rice in addition to the 800,000 tons already being imported from Vietnam to ensure supplies and curb price hikes. Yesterday the newly appointed National Food Authority (NFA) Administrator told local media sources that the NFA Council has approved for the import of new stocks and the officials are planning for their arrival between August and September this year. Of the 800,000 tons being imported from Vietnam, around 193,000 tons of rice have been delivered, and around 274,250 tons are scheduled to arrive in late June and the remaining 332,350 tons are expected by the end of August. The NFA has ensured to continue supply of subsidized rice at P32 per kilogram (around $727 per ton)
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and will not increase its price despite increases in market prices. Currently, domestic prices of regular milled rice stand at about P40 per kilogram (around $909 per ton), while those of well-milled rice is about P42 per kilogram (around $955 per ton). The government is also taking measures to prevent hoarding of rice by some market participants as well as pursuing the Bureau of Customs to release some amounts of seized smuggled rice to add to supplies by the NFA. 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)
Oryza Overnight Recap - Chicago Rough Rice Futures Firm Overnight Following Steep Sell-off Yesterday; Traders Expect Another Volatile Trading Day as July Moves into Expiration Jun 27, 2014
Chicago rough rice futures for Sep delivery were paused 4 cents per cwt (about $1 per ton) higher at $13.500 per cwt (about $298 per ton) during the trading break in Chicago. The other grains are seen mostly lower this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.3% lower, wheat is paused a touch higher and corn is noted about 0.3% lower. U.S. stock index futures pointed to a lower open on the last trading day of the week, as shares in Asia and Europe wobbled following weak U.S. data and hawkish Federal Reserve comments. Speaking in a televised interview on Thursday, St. Louis Fed President James Bullard suggested interest rates could rise sooner than expected, leading shares to end the day lower. Also weighing on sentiment was data showing that U.S. consumer spending rose less than expected in May, which led many economists to pare back growth forecasts for the second quarter. Friday will be a quiet day for data, with just the final reading of the University of Michigan's June sentiment survey due.US stock index futures are currently seen trading about 0.2% lower, gold is currently trading marginally higher, crude oil is seen trading about 0.3% higher, and the U.S. dollar is currently trading about 0.1% lower at 8:45am Chicago timeIndia Main Rice Crop Planting Reaches 2.2 Million Hectares as of June 27, 2014; Down 44% from Last Year -
Planting for kharif rice crop, or main rice crop (June – December; harvesting begins in October) in India has reached around 2.2 million hectares of rice area as of June 27, 2014, down about 44% from about 3.9 million
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hectares planted during the same time last year, according a statement released by the Indian Agriculture Ministry. Local sources say the kharif planting, which starts with the onset of southwest monsoon in June, has been slow due to delayed monsoon. The Indian Meteorological Department has predicted a 70% of belownormal monsoon (June - September) due to an imminent El Nino between July and August 2014. The World Meteorological Organization (WMO) has predicted a 60% probability of El Nino strengthening between June and August and a 75-80% probability between October-December 2014 The Agriculture Ministry has advised state governments to be ready with contingency plans to minimize the effect of El Nino-triggered low monsoons. It has also suggested some relief measures such as subsidies on seeds for re-sowing and on diesel for irrigation to rice farmers.
India Average Wholesale Rice Prices Decline Slightly m/m in June 2014; Increase 7% y/y Jun 2014
27,
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Average monthly wholesale rice prices in India declined to around Rs.2,898 per quintal in June 2014, slightly down from around Rs.2,915 per quintal in May 2014, and up about 7% from around Rs.2,709 per quintal in June 2013, according to official sources. In terms of USD per ton, wholesale rice prices in India stand at around $482 per ton (using current exchange rates) in June 2014, down about 2% from around $494 per ton (using historical exchange rates) in May 2014, and up about 8% from around $446 per ton (using historical exchange rates) in June 2013. The average wholesale rice price in January - June 2014 stands at around Rs.2,846 per quintal, up about 8% from around Rs.2,639 per quintal during the same period in 2013. However, in USD per ton terms, the average wholesale price in January - June 2014 stood at around $469 per ton (using historical exchange rates), down about 2% from around $477 per ton during the same period in 2013, partly due to weakening of the Indian rupee against the USD since the second half of 2013. - See more at: http://oryza.com/news/rice-news/indiaaverage-wholesale-rice-prices-decline-slightly-m/m-june-2014-increase-7-y/y#sthash.THNDow2t.dpufThis is the second consecutive month, average wholesale prices in India have declined. Average wholesale rice prices increased for four months since the beginning of this year due to concerns of declined supplies from the main rice crop (June - December 2013), which was affected by weather disturbances last year. India's second rice crop (November 2013 – April 2014) was also affected by unseasonal rains in early March 2014 in some parts of the country. The third advance production estimates released by the government of India in the second week of May led to a correction in prices, which is continuing. An imminent El Nino and consequent poor monsoons are expected to dent India production in the 2014-15 (October - September) crop year with the prices heading northwards.
Vietnam Produces 20.83 Million Tons of Paddy from Winter-Spring Crop; Up 4% from Last Year Jun 27, 2014
Paddy output from Vietnam's 2013-14 winter-spring crop (November - May) has reached around 20.83 million tons (around 13 million tons, basis milled), up about 4% from around 20 million tons (around 12.5 million tons, basis milled) produced last year due to higher yields, according to Reuters. The average yield from this year's winter-spring crop increased to around 6.7 tons per hectare, up about 4% from around 6.4 tons per hectare last year; and the planted area increased slightly to around 3.12 million hectares from around 3.11 million hectares last year, according to the Ministry of Agriculture and Rural Development (MARD). The output from the winter-spring crop in the Mekong River Delta contributes to about 46% of Vietnam's total paddy production and supplies 90% of Vietnam's rice exports. A higher output in Vietnam coupled with increased demand from China, Philippines and Indonesia is expected to keep Asian rice prices stable, which have declined significantly during the last two months due to excessive rice sales by Thailand.- See more at:
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http://oryza.com/news/rice-news/vietnam-produces-2083-million-tons-paddy-winter-spring-crop-4-lastyear#sthash.f8lsNi86.dpufVietnam exported about 2.687 million tons of rice during January 1 – June 19, 2014, down about 23% from about 3.5 million tons of rice exported during January-June, 2013, according to data from the Vietnam Food Association (VFA). USDA has estimated production from the 2013-14 winter-spring crop at around 20.41 million tons (around 12.76 million tons, basis milled), up about 1% from around 20.25 million tons (around 12.66 million tons, basis milled) produced last year. USDA estimates Vietnam's total 2013-14 (January 2014- December 2014) paddy production at around 44.48 million tons (around 27.8 million tons, basis milled), up about 1% from around 44 million tons (around 27.5 million tons, basis milled) produced last year
Philippines Plans to Increase Rice Imports Under MAV Quota to 805,000 Tons following WTO Approval to Continue QRs on Rice Jun 27, 2014
The Philippines government has decided to increase rice imports under the Minimum Access Volume (MAV) quota to 805,000 tons from the existing 350,000 tons, following the World Trade Organization (WTO) approval to continue quantitative restrictions (QRs) on rice until June 2017, according to local sources. The Philippines' Chief Negotiator told local sources that rice imported that fall under the MAV quota would attract a tariff of 40% and those above the quota would attract a quota of 50% and would need a prior clearance from the National Food Authority (NFA). He also noted that tariff rate for rice imports from ASEAN member states would be reduced to 35%. Under the country specific quota, he noted that around 755,000 tons should be imported from Thailand and Vietnam, and balance could be imported from other countries. - See more at: http://oryza.com/news/rice-news/philippines-plans-increase-rice-imports-under-mav-quota-805000-tons-followingwto#sthash.Oq8wZx4u.dpuf
Though QRs on the Philippines rice imports expired in June 2012, the Southeast Asian nation sought extension for another five years until 2017, to help its rice sector become more competitive and achieve self-sufficiency in rice production. While China, India and Indonesia approved the Philippines' request for continuing implementation of the quotas in 2013, Australia, Canada, Thailand and the U.S. approved after several months of negotiations. 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).
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Italy Seeks Other EU Members Support over Safeguard Clause for Imports from LDCs Jun 27, 2014
Italy is seeking support of other European Union (EU) member states over implementing 'safeguard clause' for imports from Less Developed Countries (LDCs) such as Cambodia and Myanmar, according to local sources. Earlier this month, the Italian website www.risoitaliano.eu has reported Italy's intention to appeal to the EU to stop duty-free free rice imports from LDCs under the "Import Everything but Arms" clause. Italy, the main rice producing nation of the EU, is planning to submit a report to the EU citing the consequences of duty free imports on local production and the EU rice sector. It is also planning to propose to the EU to adopt a safeguard clause on duty-free rice imports from LDCs in order to protect competitiveness of the locally produced rice. Italy's Vice Minister of Agriculture told local sources that they are trying to seek support from other rice producing EU states such as Spain and Romania over the safeguard clause proposal to the EU. It is understood that the head of Ente Nazionale Risi, the National agency for rice, in Italy has suggested the government to garner more support before appealing to the EU.
Vietnam Rice Quotes Increase for Fragrant Rice Today; Other Asia Rice Quotes Unchanged Vietnam rice sellers increased their quotes for Jasmine rice by about $10 per ton to about $575 - $585 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 around $430 - $440 per ton, about $10 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 around $350 - $360 per ton, about $5 per ton lower than Viet 25% rice (of new crop) quoted at around $355 - $365 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 Thai parboiled rice (of the old crop) is quoted at around $425 - $435 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.
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