31st august,2015 daily exclusive oryza rice e newsletter by riceplus magazine

Daily Exclusive ORYZA Rice E-Newsletter Page 1 of 8

August 31,2015

Vol 5.Issue XIII

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Daily Exclusive ORYZA Rice E-Newsletter Contents are published with permission of ORYZA.com

Page 2 of 8

Vietnam Exports About 3.49 Million Tons Rice January 1 – August 20, 2015 Aug 28, 2015

Vietnam exported about 3.492 million tons of rice in January 1 - August 20, 2015, down about 18% from about 4.26 million tons of rice exported in first eight months of 2014, according to data from the Vietnam Food Association (VFA). The average rice export price so far in this year stands at about $414 per ton (FOB), down about 4% per ton from about $431 per ton recorded during same last year.

During August 1-20, 2015, Vietnam exported about 191,304 tons of rice, down about 70% from about 627,089 tons rice exported in full month of August 2014, and down about 67% from about 589,323 tons rice exported in full month of July 2015. The average export price so far in August stands at about $423 per ton, down about 2% per ton from a year ago and up about 6% per ton from a month ago.

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Page 3 of 8

Oryza Weekly Recap: Rice Market Impatiently Waiting for El Nino Market Impact Aug 28, 2015

The Oryza White Rice Index (WRI), a weighted average of global white rice export quotes, ended the week at about $387 per ton, down about $2 per ton from a week ago, down about $16 per ton from a month ago and down about $89 per ton from a year ago.

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Page 4 of 8

Thailand Thailand 5% broken rice is today shown at about $360 per ton, unchanged from a week ago, down about $15 per ton from a month ago and down about $85 per ton from a year ago.

Vietnam Vietnam 5% broken rice is today shown at about $330 per ton, down about $5 per ton from a week ago, down about $20 per ton from month ago and down about $120 per ton from a year ago.

Vietnam’s rice exports to Africa increased about 52% y/y to around 525,896 tons in the first seven months of 2015.

Experts are urging the government to ease rice export regulations.

India India 5% broken rice is today shown at about $365 per ton, unchanged from a week ago, down about $25 per ton from a month ago, and down about $75 per ton from a year ago.

Rice plants in the Indian state of Punjab are showing signs of sheath blast in the ongoing kharif rice crop.

Experts say that choosing the right varieties can help sustain rice yields that may suffer due to El Nino. Delayed planting and unevenly distributed rains will likely hamper 2015-16 rice production, although the ongoing kharif rice acreage is ahead of last year as of August 21.

Pakistan Pakistan 5% broken rice is today shown at about $330 per ton, down about $5 per ton from a week ago, down about $45 per ton from a month ago and down about $110 per ton from a year ago.

Central & South America Brazil 5% broken rice is today shown at about $500 per ton, unchanged from a week and a month ago and down about $110 per ton from a year ago.

Five percent broken rice from Uruguay and Argentina is today shown at about $540 per ton, unchanged from a week and a month ago, and down about $75 per ton from a year ago.

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Page 5 of 8

The government of Guyana plans to implement a rice-marketing plan to improve productivity, reduce production costs, enhance operational efficiency in rice mills, and develop value-added products for export.

U.S. U.S. 4% broken rice is today shown at about $490 per ton, unchanged from a week ago, down about $15 per ton from a month ago and down about $50 per ton from a year ago.

Chicago rough rice futures for September delivery started the week higher before dropping midweek and then regaining strength to close at $11.475 per cwt (about $253 per ton) Friday, down slightly from its open at $11.650 per cwt (about $257 per ton) Monday morning.

Other Markets Iraq has invited international tenders to purchase about 30,000 tons of rice from the U.S., Uruguay, Argentina, Brazil, and India, and the last date for submitting bids is September 6.

The European Union imported a record 1.143 million tons of rice in the first eleven months of crop year 2014-15 (September-August), an increase of about 13% from the previous year.

The government of Liberia is inviting tenders from eligible and qualified Liberian owned businesses for the supply of Dry Ration (rice) during 2015-16. September 9 is the last date for submission of bids.

The Kuwait Fund for Arab Economic Development has signed an agreement with the government of Chad to provide about 4 million Kuwaiti Dinars (around $13.6 million) to help boost rice production in Chad.

The Philippines is aiming to produce about 20.09 million tons of paddy rice in 2016, an increase of about 6.5% from this year. However, the Philippines Food Secretary has declared that there is a need to import more rice in 2015.

Spanish quotations for both paddy and milled rice remained relatively stable during the week August 3 – August 9, compared to those in the week of July 27 – August 2.

Ongoing drought conditions in Indonesia are expected to reduce its 2015 paddy rice production by about 800,000 tons, down from an estimated 75.5 million tons. However, the government is optimistic that it will achieve surplus rice production in 2015, ruling out the need for imports.

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Planting for Nepal’s 2015-16 rice crop is lagging by 3% from last year due to unfavorable monsoons.

The USDA Post forecasts Myanmar 2015-16 rice exports to decline by about 250,000 tons as the government will take measures to replenish stocks in the areas affected by recent floods.

Starting September 1, Egypt plans to reinstate its ban on rice exports in order to fulfill domestic demand.

Thailand Rice Sellers Lower Some of Their Quotes Today; Other Asia Rice Quotes Unchanged Aug 28, 2015

Thailand rice sellers lowered their quotes for parboiled rice by about a $5 per ton to about $360$370 per ton today. Other Asia rice sellers kept their quotes mostly unchanged today.

5% Broken Rice Thailand 5% rice is indicated at around $360 - $370 per ton, about a $35 per ton premium on Vietnam 5% rice shown at around $325 - $335 per ton.

India 5% rice is indicated at around $360 - $370 per ton, about $35 per ton premium on Pakistan 5% rice shown at around $325 - $335 per ton.

25% Broken Rice Thailand 25% rice is shown at around $340 - $350 per ton, about a $30 per ton premium on Vietnam 25% rice shown at around $310- $320 per ton.

India 25% rice is indicated at around $335 - $345 per ton, about $40 per ton premium on Pakistan 25% rice shown at around $295 - $305 per ton.

Parboiled Rice Thailand parboiled rice is indicated at around $360 - $370 per ton, down about a $5 per ton from yesterday.

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Page 7 of 8

India parboiled rice is indicated at around $355- $365 per ton, about a 60 per ton discount to Pakistan parboiled rice was last shown at around $415 - $425 per ton.

100% Broken Rice Thailand broken rice, A1 Super, is indicated at around $315 - $325 per ton, about $10 per ton from premium on Vietnam 100% broken rice shown at around $305 - $315 per ton.

India's 100% broken rice is shown at around $295 - $305 per ton, about a $15 per ton premium on Pakistan broken sortexed rice shown at around $280 - $290 per ton.

Global Rice Quotes August 28th, 2015

Long grain white rice - high quality Thailand 100% B grade 370-380

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Vietnam 5% broken

325-335

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India 5% broken

360-370

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Pakistan 5% broken

325-335

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Myanmar 5% broken

405-415

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Cambodia 5% broken

425-435

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U.S. 4% broken 485-495

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Uruguay 5% broken

535-545

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Argentina 5% broken

530-540

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Long grain white rice - low quality Thailand 25% broken

340-350

↔

Vietnam 25% broken

310-320

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Pakistan 25% broken

295-305

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Cambodia 25% broken 410-420

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Daily Exclusive ORYZA Rice E-Newsletter Contents are published with permission of ORYZA.com

Page 8 of 8 India 25% broken

335-345

↔

U.S. 15% broken

460-470

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Long grain parboiled rice Thailand parboiled 100% stxd

360-370

Pakistan parboiled 5% broken stxd

↓

415-425

↔

India parboiled 5% broken stxd 355-365

↔

U.S. parboiled 4% broken

570-580

↔

Brazil parboiled 5% broken

545-555

↔

Uruguay parboiled 5% broken NQ

↔

Long grain fragrant rice Thailand Hommali 92% 835-845

↔

Vietnam Jasmine

↔

455-465

India basmati 2% broken

NQ

↔

Pakistan basmati 2% broken

NQ

↔

Cambodia Phka Mails

830-840

↔

315-325

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Vietnam 100% broken 305-315

↔

Brokens Thailand A1 Super

Pakistan 100% broken stxd Cambodia A1 Super

280-290

355-365

↔

India 100% broken stxd 295-305

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Egypt medium grain brokens

NQ

↔

U.S. pet food

↔

335-345

Brazil half grain NQ

↔

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All prices USD per ton, FOB vessel, oryza.com

Daily Exclusive ORYZA Rice E-Newsletter Contents are published with permission of ORYZA.com