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IRRI to Conduct Live Online Discussion on GM Rice on November 5, 2013 Vietnam Rice Sellers Increase Most of Their Quotes; Other Asia Rice Quotes Unchanged Vietnam Exports 5.73 Million Tons of Rice in January – October 2013; Down 12% from Last Year Oryza U.S. Rough Rice Recap – Market Static as Harvest Nears End Typhoon Krosa Approaches Vietnam Vietnam Rice Sellers Increase Most of Their Quotes; Other Asia Rice Quotes Unchanged Sri Lanka Looks to Export 200,000 Tons of Surplus Rice Currency Swap With Iran May Boost Pakistan Rice Exports Oryza Global Rice Quotes
NEWS DETAILS: IRRI to Conduct Live Online Discussion on GM Rice on November 5, 2013 Nov 04, 2013
The Philippines-based International Rice Research Institute (IRRI) will conduct a live online debate on Genetically Modified rice (Golden Rice) on November 5, 2013.The “Let’s talk GM rice” program will be a part of the 7th International Rice Genetics Symposium (RG7) which will be held in Manila during 5 - 8 November,
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2013. “Everyone is welcome to please join the live stream of "Let's talk GM rice" that will commence at 12 noon (Manila time, +8GMT). Questions from online participants will be encouraged via #ricegenetics7 and to @RiceResearch on twitter,” IRRI says.Leading experts in rice genetics are expected to meet at the RG7 symposium which aims to discuss the importance of rice genetics and how it can help develop stress-tolerant rice and improve food security in the world. “Rice is an incredibly special crop providing more than half of the planet with food every day,” said Dr. Eero Nissilä, head of IRRI’s Plant Breeding, Genetics, and Biotechnology Division and convenor of RG7. Tags: International Rice Research Institute (IRRI), Golden rice, GM rice
Vietnam Rice Sellers Increase Most of Their Quotes; Other Asia Rice Quotes Unchanged Nov 04, 2013
Vietnam rice sellers lowered most of their quotes by around $5 per ton today, and increased their quotes for Jasmine rice by about $10 per ton. Other Asia rice quotes are mostly unchanged. 5% Broken Rice Thai 5% rice is quoted around $405 - $415 per ton, about a $10 per ton premium over Viet 5% rice shown around $395 - $405 per ton, up about $5 per ton from Friday. Indian 5% rice is quoted around $410 - $420 per ton, about a $40 per ton premium over Pak 5% rice quoted around $370 - $380 per ton. 25% Broken Rice Thai 25% rice is quoted about $390 - $400 per ton, about a $25 per ton premium over Viet 25% rice shown around $365 - $375 per ton, up about $5 per ton from Friday. Indian 25% rice is quoted about $365 - $375 per ton, about a $30 per ton premium over Pak 25% rice quoted around $335 - $345 per ton. Parboiled Rice Thai parboiled rice is quoted around $440 - $450 per ton. Indian parboiled rice is quoted around $385 - $395 per ton, about a $35 per ton discount to Pak parboiled rice quoted around $420 - $430 per ton. 100% Broken Rice Thai broken rice, A1 Super, is quoted around $370 - $380 per ton, about a $20 per ton premium over Viet broken rice shown around $350 - $360 per ton, up about $5 per ton from Friday. Indian broken sortexed rice is quoted about $310 - $320 per ton, about a $15 per ton discount to Pak broken sortexed rice quoted around $325 - $335 per ton. Tags: Asia rice quotes, India rice quotes, Pakistan rice quotes, Vietnam rice quotes, Thailand rice quotes
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Oryza U.S. Rough Rice Recap – Market Static as Harvest Nears End Nov 04, 2013
Offers can still be seen near $15.56-$16.66 per fob farm (about $343-$367 per ton), depending on where they are located in the U.S. mid-South, for November through December shipment.Bids from most larger mills increased slightly to around $14.45 per cwt (about $319 per ton )while bids from exporters were still said to be around $15.56 per cwt (about $343 per ton), both for November through December delivery, although it was reported that rice traded around $16.00 per cwt (about $353 per ton) for December shipment.In the meantime, the USDA estimated that as of November 3rd, 98% of the U.S. rice crop has been harvested, compared to 94% last week and 95% this week last year. As of now, 96% of the crop has been cut in Arkansas compared to 99% California, 100% Louisiana, 100% in Mississippi, 97% in Missouri, and 100% in Texas. Tags: U.S. rice prices, U.S. rice market, U.S. rice
Typhoon Krosa Approaches Vietnam Nov 04, 2013
Tropical storm Krosa is moving in a southwesterly direction from South China and is expected to make landfall far south of Hue, Vietnam on November 5, 2013, according to NASA.Krosa was a typhoon when it crossed South China and the Philippines in the last few days, but damage to crops is reportedly minimal. Krosa has weakened into a depression, but could cause heavy rainfall in Vietnam where rice crop harvesting is underway.The impact of Krosa will be watched closely by both rice exporters and importers. Any adverse impact on China’s rice production may alter world trade significantly because only 35-37 million tons of rice is traded annually in the world, equivalent to around 26% of China’s annual rice consumption. The Philippines is targeting self-sufficiency in rice this year, and lower production in Vietnam may push global rice prices higher, local sources say. Tags: Vietnam rice production
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Vietnam Exports 5.73 Million Tons of Rice in January – October 2013; Down 12% from Last Year
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Nov 04, 2013
Vietnam’s rice exports in January – October 2013 stand at around 5.73 million tons, down about 12% from around 6.5 million tons exported during the same period in 2012, according to the Vietnam Food Association (VFA).In terms of value, rice exports have earned Vietnam around $2.46 billion (FOB) in January – October 2013, down about 14% from around $2.87 billion earned during the same period last year.In October 2013, Vietnam exported about 537,066 tons of rice, up about 2% from around 526,561 tons of rice exported in the previous month, but down about 17% from around 647,197 tons exported in October 2012.The VFA is targeting around 7.2 million tons of rice exports in 2013. In 2012, Vietnam was the world’s second largest rice exporter with about 7.7 million tons of full year exports.According to the VFA, domestic paddy prices in the Mekong Delta for common stock have increased to around VND 5,300 - 5,400 per kilogram (about $247 - $252 per ton, using current exchange rates).Vietnamese 5% broken domestic rice prices stand at around VND 7,300-7,400 per kilogram (about $340 - $345 per ton, using current exchange rates),and 25% broken rice prices stand at around VND 7,000-7,100 per kilogram (about $326 - $331 per ton, using current exchange rates). Tags: Vietnam rice exports 2013
Sri Lanka Looks to Export 200,000 Tons of Surplus Rice Nov 04, 2013
After achieving self-sufficiency in rice last year, Sri Lanka is looking to export about 200,000 tons of surplus rice in the international market, according to the Chairman of the Paddy Marketing Board (PMB).The PMB chairman says that Sri Lankan farmers have increased rice acreage due to the end of the war and production has also increased due to fertilizer subsidies. However, the demand for Sri Lanka rice is low in the international market. To address this problem, the government has started a program in collaboration with several ministries, government institutions and the private sector to market Sri Lanka rice as eco-friendly rice, the PMB chairman adds. The move is expected to increase rice exports significantly in the coming years.According to the USDA Post projections made earlier this year, Sri Lanka’s rice production in MY 2013-14 (October – September) is expected to reach around 2.74 million tons against a consumption of around 2.70 million tons. The Post projects total rice stocks of around 493,000 tons in October 2013. However, exports are projected to remain at around 20,000 tons. The Post says, “Sri Lankan rice exports are limited by several factors, including a lack of grades and standards and low demand for indigenous Sri Lankan rice varieties.” Tags: Sri Lanka rice exports
Vietnam Rice Sellers Increase Most of Their Quotes; Other Asia Rice Quotes Unchanged
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Nov 04, 2013
Vietnam rice sellers lowered most of their quotes by around $5 per ton today, and increased their quotes for Jasmine rice by about $10 per ton. Other Asia rice quotes are mostly unchanged. 5% Broken Rice Thai 5% rice is quoted around $405 - $415 per ton, about a $10 per ton premium over Viet 5% rice shown around $395 - $405 per ton, up about $5 per ton from Friday. Indian 5% rice is quoted around $410 - $420 per ton, about a $40 per ton premium over Pak 5% rice quoted around $370 - $380 per ton. 25% Broken Rice Thai 25% rice is quoted about $390 - $400 per ton, about a $25 per ton premium over Viet 25% rice shown around $365 - $375 per ton, up about $5 per ton from Friday. Indian 25% rice is quoted about $365 - $375 per ton, about a $30 per ton premium over Pak 25% rice quoted around $335 - $345 per ton. Parboiled Rice Thai parboiled rice is quoted around $440 - $450 per ton. Indian parboiled rice is quoted around $385 - $395 per ton, about a $35 per ton discount to Pak parboiled rice quoted around $420 - $430 per ton. 100% Broken Rice Thai broken rice, A1 Super, is quoted around $370 - $380 per ton, about a $20 per ton premium over Viet broken rice shown around $350 - $360 per ton, up about $5 per ton from Friday. Indian broken sortexed rice is quoted about $310 - $320 per ton, about a $15 per ton discount to Pak broken sortexed rice quoted around $325 - $335 per ton. Tags: Asia rice quotes, India rice quotes, Pakistan rice quotes, Vietnam rice quotes, Thailand rice quotes
Currency Swap With Iran May Boost Pakistan Rice Exports Nov 04, 2013
Pakistan rice traders hope that exports to Iran will improve with the soon to be implemented currency swap arrangement with Iran.The State Minister for Commerce & Privatization told the Rice Exporters Association of Pakistan (REAP) that the government is planning to sign a currency swap arrangement deal with Iran to improve rice exports which were adversely affected due to U.S. sanctions on Iran.According to local sources, the REAP chairman said that Banks in Pakistan have stopped opening letter of credits for exports to Iran, which has helped India's rice exports. Having a currency swap arrangement is a dire need to gain better access to Iran’s rice import market, he added. According to REAP, Iran imported about 43,045 tons of basmati rice from Pakistan in FY 2012-13 (July – June), down about 70% from around 139,739 tons in FY 2011-12. According to trade sources, Iran has imported around 1.268 million tons of rice during March to October 2013 valued at around $1.464 billion. Iran buys mostly fragrant basmati rice. Currently, India is the main supplier of rice for Iran.
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Tags: Pakistan rice exports 2013
Oryza Global Rice Quotes November 4th, 2013 Long grain white rice - high quality Thailand 100% B grade 415-425 Vietnam 5% broken 395-405 ↑ India 5% broken 410-420 ↔ Pakistan 5% broken 370-380 ↔ Cambodia 5% broken 445-455 ↔ U.S. 4% broken 595-605 ↔ Uruguay 5% broken 615-625 ↔ Argentina 5% broken 615-625 ↔ Long grain white rice - low quality Thailand 25% broken 390-400 ↔ Vietnam 25% broken 365-375 ↑ Pakistan 25% broken 335-345 ↔ Cambodia 25% broken 415-425 India 25% broken 365-375 ↔ U.S. 15% broken 575-585 ↔
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Long grain parboiled rice Thailand parboiled 100% stxd 440-450 Pakistan parboiled 5% broken stxd 420-430 India parboiled 5% broken stxd 385-395 U.S. parboiled 4% broken 660-670 ↔ Brazil parboiled 5% broken 590-600 ↔ Uruguay parboiled 5% broken NQ ↔ Long grain fragrant rice Thailand Hommali 92% 1075-1085 Vietnam Jasmine 565-575 ↑ India basmati 2% broken 1515 -1525 Pakistan basmati 2% broken NQ ↔ Cambodia Pkha Malis 920-930 ↔ Brokens Thailand A1 Super 370-380 ↔ Vietnam 100% broken 345-355
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Pakistan 100% broken stxd 325-335 Cambodia A1 Super 380-390 ↔ India 100% Broken stxd 310-320 Egypt medium grain brokens NQ ↔ U.S. pet food 370-380 ↔ Brazil half grain 345-355 ↔ Medium grain milled U.S. Calrose 4% broken Egypt medium grain 6%
620-630 NQ ↔
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↔ All prices USD per ton, FOB vessel, oryza.com
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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