Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine www.ricepluss.com
Daily Exclusive ORYZA Rice E-newsletter November 6, 2014 Today’s News Headlines… Farming Made Easy with ‘Rice Crop Manager’ Ghana Small Scale Rice Dealers Oppose Rice Import Ban Brazil Paddy Rice Index Increases Slightly from Last Week Global Rice Quotes India Invites Tenders to Import 20,000 Tons of Rice Oryza Overnight Recap - Chicago Rough Rice Futures Continue to Show Strength as Market Recovers from Long-term Lows Oryza Afternoon Recap - Chicago Rough Rice Futures Erase Early Gains to Close Slightly Lower as Market Faces Resistance at $12.500 per cwt USDA Post Forecasts Argentina 2014 Rice Exports at 600,000 Tons, Up 12.5% from Last Year Oryza U.S. Rough Rice Recap - Cash Prices Unchanged as Market Waits for News on Iraqi Business Thailand, Vietnam, Pakistan Rice Sellers Lower Some of Their Quotes Today; India Rice Quotes Unchanged Total Losses from Rice Pledging Scheme to Cross $30 Billion, Say TDRI Researchers Contact & Visit www.ricepluss.com mujahid.riceplus@gmail.com 7th Floor,Suite 11 Central Plaza New Garden Town Lahore-54600 Landline :92 3584 5551 For Advertisement Specs & Rates: Contact: mujahid.riceplus@gmail.com 92 321 3692874
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Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine
News Detail….
Farming Made Easy with ‘Rice Crop Manager’ Nov 05, 2014
The Philippine Rice Research Institute (PhilRice) is promoting an internet-based new software called 'Rice Crop Manager (RCM)' to aid rice farmers in rain fed and lowland rice areas, according to a news release on its website. The software basically helps farmers to select the right kind and amount of fertilizers for their rice fields. The news release noted that the PhilRice is distributing the software to farmers free of cost under the project, "Improving Livelihood and Overcoming Poverty in the Drought-Prone Lowlands in South and South-East Asia". The Leader of the Project noted that farmers can use the software freely but will need an internet connection to use it. They will need to answer some 20 questions, and based on the answers, the software will recommend specified solutions for their farms and help them increase their yields. Farmers can take the support of Agricultural Technologists (ATs) in their respective municipalities to get utmost benefitted from the software, says the news release. However, farmers' Information and Communication Technology (ICT) skills need to be enhanced to help them use the software effectively, said a Jr.Municipal Agriculturist.The project is also being implemented in Indonesia, Myanmar, Vietnam, Thailand and Cambodia, states the news release. Tags: Rice crop manager, right quantity of fertilizers, Philrice
Ghana Small Scale Rice Dealers Oppose Rice Import Ban Nov 05, 2014
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Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine
The Ghanaian government's proposal to ban rice imports in next four years facing opposition from many corners, according to local sources. The Ghana Grains Council (GGC) yesterday suggested the government to work towards increasing the capacity of rice production before imposing the ban.Today, the President of the Small Scale Rice Dealers Association of Ghana (SSRIDA) told local news sources that a ban on rice imports would lead to a huge shortfall in rice supplies in the country and subsequently lead to price hikes due to gaps between demand and supply. It will not help the economy in any way, he told. He noted that Ghana imports several other food items along with rice and so banning rice imports alone would not help the government achieve self-sufficiency in food. It has to ban imports of all food items if it is targeting self-sufficiency and food security.The SSRIDA President also stated that before banning rice imports, the government should ensure there are no gaps between demand and supply of rice and create employment opportunities in the rice sector to encourage increase in production. This would make transition to local production more smooth without significant surge in prices. Ghana's annual rice import bill stood at $306 million in 2013 and the government is therefore planning to increase rice production by about 20% per annum over the next four years to make the country self-sufficient in rice and subsequently ban rice imports. The move would ease pressure on the country's foreign exchange reserves, according to local sources. According to the USDA, Ghana’s rice production is estimated at about 332,000 tons (milled basis) in MY 2014-15 (October - September). The U.S. agency expects Ghana to import 620,000 tons of rice during the year to meet consumption needs of around one million tons of rice. Tags: Ghana rice imports, Ghana rice self-sufficiency
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Brazil Paddy Rice Index Increases Slightly from Last Week Nov 05, 2014
The Brazilian paddy rice index maintained by CEPEA reached around 36.9 real per 50 kilograms as of November 3, 2014, up about 0.22% from around 36.79 real per 50 kilograms recorded on October 27, 2014.In terms of USD per ton, the index reached around $293 per ton on November 3, 2014, up about 2.5% from around $290 per ton recorded on October 27, 2014 Tags: Brazil paddy rice index, Brazil CEPEA index
Global Rice Quotes November 6th, 2014 Long grain white rice - high quality Thailand 100% B grade 425-435 Vietnam 5% broken 430-440 India 5% broken 410-420 Pakistan 5% broken 395-405 Cambodia 5% broken 465-475 U.S. 4% broken 540-550 Uruguay 5% broken 595-605 Argentina 5% broken 595-605
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Long grain white rice - low quality Thailand 25% broken NQ ↔ Vietnam 25% broken 395-405 Pakistan 25% broken 350-360
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Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine Cambodia 25% broken NQ ↔ India 25% broken 370-380 U.S. 15% broken 510-520
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Long grain parboiled rice Thailand parboiled 100% stxd 410-420 ↔ Pakistan parboiled 5% broken stxd 425-435 India parboiled 5% broken stxd 390-400 ↔ U.S. parboiled 4% broken 580-590 ↔ Brazil parboiled 5% broken 585-595 ↔ Uruguay parboiled 5% broken NQ ↔ Long grain fragrant rice Thailand Hommali 92% 865-875 Vietnam Jasmine 570-580 ↔ India basmati 2% broken NQ ↔ Pakistan basmati 2% broken NQ ↔ Cambodia Phka Malis 855-865 ↔ Brokens Thailand A1 Super 330-340 ↔ Vietnam 100% broken 330-340 ↔ Pakistan 100% broken stxd 320-330 Cambodia A1 Super NQ ↔ India 100% Broken stxd 315-325 Egypt medium grain brokens NQ ↔ U.S. pet food 445-455 ↔ Brazil half grain NQ ↔
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All prices USD per ton, FOB vessel, oryza.com
India Invites Tenders to Import 20,000 Tons of Rice Nov 05, 2014
The State Trading Corporation of India (STCI) has today floated a tender inviting bids from overseas sellers for importing 20,000 tons of 25% broken white rice for delivery at in the NorthEastern state of Manipur, according to a bid notice posted on its website.The STCI is seeking delivery of rice in two tranches of 10,000 tons each between December 20, 2014 - February 28, 2015. According to the bid notice, minimum quantity to be offered is 2,500 tons and the bidders are required to specify country of origin for the quantity to be supplied. Last date for submitting bids is November 26, 2014.
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Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine The State Trading Corporation (STCI) and Metals and Minerals Trading Corporation (MMTC) invited tenders to import 10,000 tons each on September 9, 2014. They received one bid each but were rejected due to high prices.India, the world's second largest rice producer and exporter, is importing rice, despite having buffer stocks, due to the transportation disruptions to be caused by proposed railway conversion works on the 220-kilometer Lumding (Assam)-Badarpur-Agartala (Tripura) line. The line is said to connect the North-Eastern States Manipur and Mizoram to the rest of the country. India’s rice stocks in the central pool as of October 1, 2014 stood at around 18.24 million tons (including a milled equivalent of about 6.65 million tons of paddy), down about 21% from around 23.02 million tons recorded during the same time last year, according to the Food Corporation of India (FCI). The stocks are about 55% more than the required buffer and strategic reserve norms of around 11.8 million tons for this time of the year, according to the FCI. Tags: India rice imports, State Trading Corporation (STC), Food Corporation of India (FCI)
Oryza Overnight Recap - Chicago Rough Rice Futures Continue to Show Strength as Market Recovers from Long-term Lows Nov 05, 2014
Chicago rough rice futures for Jan delivery are currently noted 6 cents per cwt (about $1 per ton) higher at $12.495 per cwt (about $275 per ton) during early morning floor trading in Chicago. The other grains are seen trading lower: soybeans are currently seen about 0.4% lower, wheat is listed about 0.8% lower and corn is noted about 0.5% lower. U.S. stocks gained on Wednesday, a day after elections that had Republicans taking control of the Senate, as expected and as a report on the jobs market came in better than anticipated. Historically, midterm elections come along with healthy equity returns, as investors embrace the certainty, at least in the short term, the results bring. Private employers added 230,000 jobs last month, more than estimated and the largest gain since June, according to the ADP National Employment report, which casts a positive light on the labor front two days before the payrolls report. The Dow Jones Industrial Average opened about 0.6% higher, as did the S&P 500. The Nasdaq rose about 0.7%. Gold is currently trading about 2.1% lower, crude oil is seen trading
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Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine about 0.1% higher, and the U.S. dollar is currently trading about 0.5% higher at 9:00am Chicago time. Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market
Oryza Afternoon Recap - Chicago Rough Rice Futures Erase Early Gains to Close Slightly Lower as Market Faces Resistance at $12.500 per cwt Nov 05, 2014
Chicago rough rice futures for Jan delivery settled 2 cents per cwt (about $0.44 per ton) lower at $12.415 per cwt (about $274 per ton). Rough rice futures closed a tad lower after spending the majority of morning trading in positive territory. The markets ability to chart a higher high as well as higher low is seen as a positive sign; however the inability to hold the sessions high and failure to break through overhead resistance noted at $12.500 per cwt (about $276 per ton) could counteract this bullish implication and be seen as a reversal. Traders will keep a close eye on this mentioned point of resistance as a signal for future price direction. The other grains closed with mixed results today; Soybeans closed about 0.9% higher at $10.1925 per bushel; wheat finished about 1.1% lower at $5.2575 per bushel, and corn finished the day about 1.6% higher at $3.7025 per bushel. U.S. stocks mostly rose Wednesday, taking the Dow to another historical peak, a day elections had Republicans taking control of the Senate and as a report on the jobs market came in better than anticipated. Historically, midterm elections come along with healthy equity returns, as investors embrace the certainty, at least in the short term, the results bring. The Dow Jones Industrial Average rose 101 points to an intraday record, and was lately up 72.34 points, or 0.4%, at 17,456.18. The S&P 500 added 8.08 points, or 0.4%, to 2,020.18, with utilities and energy advancing the most and health care and telecommunications falling among its 10 major sectors. Fluctuating between gains and losses, the Nasdaq was lately off 8.04 points, or 0.2%, at 4,615.60. Gold is trading about 1.8% lower, crude oil is seen trading about 2% higher, and the U.S. dollar is seen trading about 0.5% higher at about 1:00pm Chicago time. Tuesday, there were 752 contracts traded, up from 728 contracts traded on Monday. Open interest – the number of contracts outstanding – on Tuesday increased by 10 contracts to 9,788. Tags: U.S. rice prices, U.S. rice market, chicago rough rice futures
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USDA Post Forecasts Argentina 2014 Rice Exports at 600,000 Tons, Up 12.5% from Last Year
Nov 05, 2014
USDA Post estimates Argentina to export around 600,000 tons of milled rice in 2014, up about 12.5% from around 533,000 tons exported in 2013 and on par with official USDA estimates. It forecasts Argentine exports to decline to around 580,000 tons in 2015 due to slight decline in production in 2014. The USDA Post has forecasted Argentina's MY 2013-14 (April 2014 - March 2015) paddy rice production at around 1.462 million tons (around 950,000 tons, basis milled), down about 6% from around 1.56 million tons (around 1.014 million tons, basis milled) in MY 2012-13 due to a slight decline in planting area. It further estimates Argentine paddy production to increase to around 1.5 million tons (around 975,000 tons, basis milled) in MY 2014-15. The Post estimates Argentina's paddy planting area to decline to around 232,000 hectares in MY 2013-14, slightly down from around 233,000 hectares in MY 2012-13. It estimates Argentine paddy planting area to further increase to around 236,000 hectares in MY 2014-15.Weather has been so far favourable for paddy production and irrigation facilities are expected to be Contact us for Advertisement & Specs: mujahid.riceplus@gmail.com +92 321 369 2847
Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine uninterrupted with most of the reservoirs having water to their full capacity, according to the Post. Tags: Argentina paddy rice production, Argentina rice exports, USDA Post rice
Oryza U.S. Rough Rice Recap - Cash Prices Unchanged as Market Waits for News on Iraqi Business Nov 05, 2014
held steady around $12.00-$12.35 per cwt fob farm (about $265-$272 per ton) while bids were unchanged near $12.00-$12.25 per cwt (about $265-$270 per ton) for November delivery however there were no trades to report. Tags: U.S. rice prices, U.S. rice market
Thailand, Vietnam, Pakistan Rice Sellers Lower Some of Their Quotes Today; India Rice Quotes Unchanged Nov 05, 2014
Thailand rice sellers lowered their quotes for Hommali rice by about $45 per ton to around $865 - $875 per ton today. Vietnam rice sellers lowered their quotes for Jasmine rice by about $5 per ton to around $570 - $580 per ton. Pakistan rice sellers lowered their quotes for 100% broken rice by about $5 per ton to around $320 - $330 per ton. India rice sellers kept their quotes unchanged. 5% Broken Rice Thailand 5% rice is quoted at around $410 - $420 per ton, about $20 per ton discount to Vietnam 5% rice shown at around $430 - $440 per ton. India 5% rice is quoted at around$410 $420 per ton, about $15 per ton premium on Pakistan 5% rice quoted at around $395 - $405 per ton. Contact us for Advertisement & Specs: mujahid.riceplus@gmail.com +92 321 369 2847
Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine 25% Broken Rice Thailand 25% rice was last quoted at around $350 - $360 per ton, about $45 per ton discount to Vietnam 25% rice shown at around $395 - $405 per ton. India 25% rice is quoted at around $370 - $380, about $20 per ton premium on Pakistan 25% rice quoted at around $350 - $360 per ton. Parboiled Rice Thailand parboiled rice is quoted at around $410 - $420 per ton. India parboiled rice is quoted at around $390 - $400 per ton, about $35 per ton discount to Pakistan parboiled rice quoted at around $425 - $435 per ton. 100% Broken Rice Thailand broken rice, A1 Super, is quoted at around $330 - $340 per ton, on par with Vietnam 100% broken rice shown at around $330 - $340 per ton. India's 100% broken rice is shown at around $315 - $325 per ton, about $5 per ton discount to Pakistan broken sortexed rice quoted at around $320 - $330 per ton, down about $5 per ton from yesterday. Tags: Thailand rice prices, Vietnam rice prices, pakistan rice prices, India rice prices
Total Losses from Rice Pledging Scheme to Cross $30 Billion, Say TDRI Researchers Nov 05, 2014
The Thailand Development Research Institute (TDRI) suggested the government to consider donating half of the rice stocks to the UN's World Food Program (WFP) to avoid storage costs, according to local sources.Citing a research by the TDRI, the TDRI researchers told local sources that it may take nearly ten years to clear all the existing rice stocks and the government may have to spend nearly 300 billion baht (around $9 billion) for storing and safeguarding these stocks. They noted that donating rice to the UN's WFP Contact us for Advertisement & Specs: mujahid.riceplus@gmail.com +92 321 369 2847
Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine could help the government save on the storage costs significantly. They also noted that already losses from the rice pledging scheme are likely to exceed around 660 billion baht (around $20 billion) considering the valuation of spoilt/degrading stocks as well. If another 300 billion baht (around $9 billion) is added, total losses from the scheme may near one trillion baht (around $30.5 billion), they said. The researchers stated that corruption was prevalent at every stage, including auditing of the stockpiles, government-to-government sales and confidential price offering on rice sales, in the implementation of the scheme. They noted that the government could have lost nearly 109 billion baht (around $3.3 billion) due to corruption in rice sales and other misappropriations. Since the government needs huge amount of public funds to clear these losses, they recommended amendments in constitution and laws highlighting clearly the various sources of funding for the government. They also suggested very minimal government interference in setting farm prices for rice. Last week, based on the stock inspection report, the Thai Prime Minister noted that the country currently has 18 million tons of rice and of that only 10% are of standard quality, about 70% were below-standard and about 20% were unfit for human consumption. Tags: Thai rice stocks, Thai rice pledging scheme
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