8th April , 2014
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TOP Contents - Tailored for YOU Latest News Headlines…
Pakistan Rice Exporters See Opportunity in Re-Export of Indian Rice Oryza Global Rice Quotes European Paddy, Rice Quotes Trend Sideways Pakistan Basmati Rice Export Prices Increase in March 2014 Due to Stronger Currency Big-Time Eye Candy in Tiny Bento Boxes Oryza U.S. Rough Rice Recap – Market Muted as Decreasing Bids Generate Little Interest; Iraq Issues New Tender Oryza Rice Currency Analysis for Today – Currencies Little Changed Oryza Afternoon Recap – Chicago Rough Rice Futures Begin the Week on Negative Note as Market Reacts to Bearish Headlines Russia Rice Production Expected to Grow to 650,000 Tons in 2014, Says USDA Post Iraq Tenders to Buy Minimum 30,000 Tons of Rice; Thailand Allowed to Participate Vietnam Rice Sellers Lower Most of Their Quotes; Pakistan Rice Sellers Increase Some of Their Quotes Today USDA Post Forecasts Kazakhstan 2014 Rice Production to Increase to 334,700 Tons Oryza Overnight Recap – Chicago Rough Rice Futures Begin the Week on Negative Note Turkey Rice Imports May Decline 12% to 290,000 tons in MY 2014-15, Says USDA Post Thailand Exports 1.4 Million Tons of Rice in January – February 2014; Up 40% from Previous Year USDA Post Projects Myanmar Rice Production, Exports to Increase in 2015
NEWS DETAILS: Pakistan Rice Exporters See Opportunity in Re-Export of Indian Rice Apr 07, 2014
Pakistani rice exporters have requested for the immediate opening of the Wagah-Lahore border with India which they hope will help increase their rice exports by way of re-exporting Indian rice, according to local sources.Pakistan rice exporters want the government to impose countervailing duty on rice imports from India and to introduce a duty and tax remission for exports (DTRE) scheme to help Pakistani rice farmers and exporters withstand competition from their Indian counterparts. Pakistan's rice exporters say the government should impose countervailing duty on rice that is imported for local consumption to the extent of the difference of subsidized inputs available for Indian rice farmers. Subsidy on rice in India is a major concern for Pakistan rice farmers opposing the grant of most-favored nation (MFN) status to India under WTO rules.
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However, Pakistan rice exporters are also demanding a DTRE scheme with minimum 10% value addition to allow Pakistani exporters, who wish to import rice from India for re-export purpose, to avoid countervailing and other duties and help them remain price competitive in the international market. The DTRE scheme would help increase export volumes up to $3.5 billion (from the current $2 billion earned on rice exports). They suggested that the DTRE scheme should be applicable from January until September every year and should be suspended during the paddy harvesting season (October - December) to ensure that the local rice millers and exporters buy paddy from local farmers.The Rice Exporters Association of Pakistan (REAP) Chairman said that DTRE would help bring foreign investment, employment, capacity building, research and development, and agriculture developments in the country. Since the country's rice production is stagnated at about 6 million tons for the last three years, he stressed over the need for increasing supply within the country by way of increased production or through imports. He said imports from India could be increased through normalization of regional boundaries between Pakistan and India. The REAP Chairman added that this action would help prices of Pakistan basmati to match those of Indian prices and the country's rice sector would benefit on the whole as it would increase the volume of Pakistan's rice exports and thereby resulting in higher foreign exchange. Rice exporters say Pakistan should attain a levelplaying field with India in order to benefit from granting of the MFN status to the neighboring country.USDA estimates Pakistan to produce about 6.4 million tons of rice in the MY 2013-14, up about 10% from about 5.8 million tons produced in the MY 2012-13. Pakistan's rice exports are expected to decline by about 3% to about 3.4 million tons in 2013-14 from about 3.5 million tons in 2012-13. Domestic consumption in 2013-14 is estimated at 2.6 million tons. Tags: Pakistan rice exports, Pakistan rice production, India rice exports, Most Favored Nation, World Trade Organization (WTO)
Oryza Global Rice Quotes April 7th, 2014 Long grain white rice - high quality Thailand 100% B grade 395-405 Vietnam 5% broken 380-390 ↓ India 5% broken 425-435 ↔ Pakistan 5% broken 405-415 ↔ Cambodia 5% broken 450-460 ↔ U.S. 4% broken 580-590 ↔ Uruguay 5% broken 620-630 ↔ Argentina 5% broken 615-625 ↔ Long grain white rice - low quality Thailand 25% broken 345-355 ↔ Vietnam 25% broken 350-360 ↔ Pakistan 25% broken 365-375 ↑ Cambodia 25% broken 420-430
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India 25% broken U.S. 15% broken
370-380 555-565
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Long grain parboiled rice Thailand parboiled 100% stxd 415-425 Pakistan parboiled 5% broken stxd 420-430 India parboiled 5% broken stxd 410-420 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% 940-950 Vietnam Jasmine 485-495 ↓ India basmati 2% broken 1515 -1525 Pakistan basmati 2% broken NQ ↔ Cambodia Phka Malis 885-895 ↔ Brokens Thailand A1 Super 300-310 ↔ Vietnam 100% broken 325-335 Pakistan 100% broken stxd 340-350 Cambodia A1 Super 350-360 ↔ India 100% Broken stxd 305-315 Egypt medium grain brokens NQ ↔ U.S. pet food 470-480 ↔ Brazil half grain 345-355 ↔
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↓ ↑ ↔
Medium grain milled U.S. Calrose 4% broken 1070-1080 ↔ Egypt medium grain 6% NQ ↔ All prices USD per ton, FOB vessel, oryza.com
European Paddy, Rice Quotes Trend Sideways Apr 07, 2014
European paddy quotes in the week March 25 - April 1 were mostly unchanged from the previous week, according to data from the European Union; only Romanian milled rice quotes, both Indica and Japonica, showed a relevant increase.SPAIN - Japonica paddy was unchanged at 282 euros (about $387) per ton, as it was
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two weeks ago. Indica received no quotations; the latest one was on February 11 for 260 euros (about $357) per ton. Milled Japonica rice quotes are firm at 544 euros (about $752) per ton, unchanged for six weeks. PORTUGAL - Long A paddy quotations were fixed at 280 euros (about $ 384) per ton, unchanged from a week prior. Long B paddy quotes have been holding around 260 euros (about $357) per ton for more than a month. No quotations are available for milled rice. GREECE – Quotations are stable. Medium grain paddy has increased 10 euros (about $13) per ton from two weeks ago, reaching 380 euros (about $522) per ton. Long grain paddy is stable at 450 euros (about $618) per ton and Indica paddy is quoted 250 euros (about $343) per ton, up 10 euros from two weeks ago. There are no quotations for milled rice. ROMANIA - Japonica paddy prices slightly decreased to 315 euros (about $432) per ton, down 13 euros (about $17) per ton from 328 euros (about $450) per ton on March 18; on March 25 it was shown at 316 euros per ton. Indica paddy quotes declined from 305 euros (about $ 421) per ton on March 11 to 282 euros (about $ 387) per ton on March 25, and then it increased again to 287 euros (about $394) per ton on April 1. As for milled rice, Japonica quotes went down and then up again, starting from 789 euros (about $1,084) per ton on March 18, reaching then 664 euros (about $ 912) per ton on March 25, and then increasing again to 737 euros (about $ 1,012) per ton on April 1. Indica milled rice followed this trend: on March 18 it was quoted 536 euros (about $736) per ton, it fell to 496 euros (about $681) per ton on March 25, and then it went up again to 517 euros (about $710) per ton on April 1. BULGARIA - Japonica paddy quotations remain firm at 276 euros (about $379) per ton. Japonica milled rice indications remained unchanged from a week prior, at 814 euros (about $1,118) per ton. FRANCE - Round milled rice keeps firm with quotes 470 euros (about $645) per ton, Long A advanced to 640 euros (about $879) per ton on March 25 starting from 620 euros (about $852) per ton on March 18, and didn't move on April 1. Meanwhile, Long B prices increased to 470 euros (about $645) per ton on 25 March, not moving again on April 1, starting from 450 euros (about $618) per ton on March 18. Tags: European paddy quotes, european rice prices, European price production, Romainian rice prices, Spanish rice prices
Pakistan Basmati Rice Export Prices Increase in March 2014 Due to Stronger Currency After declining for around three months, Pakistan’s average basmati rice export prices recovered (in terms of USD per ton) in March 2014 mainly due to the strengthening of the rupee against the USD.According to the UN’s Food and Agriculture Organization (FAO), average basmati rice export prices in Pakistan stood at around $1,362 per ton in March 2014, up about 1% from around $1,348 per ton seen in February 2014. Local sources say that the increase is mainly due to currency appreciation. The Pakistan rupee appreciated by about 7% last month from around Rs.104.3 per dollar on February 28, 2014 to around Rs.97.2 on March 14, 2014 due to high Foreign Direct Investment (FDI) in Pakistan.In terms of local currency, the average basmati rice export prices declined in March 2014 to around PKR 131,978 per ton, down about 6% from around PKR 140,731 per ton in February 2014.
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Tags: Pakistan basmati rice export prices, Food and Agriculture Organization (FAO)
Big-Time Eye Candy in Tiny Bento Boxes We eat with our eyes.�
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It’s a common phrase, often spouted by high-end chefs looking to justify the time-consuming, elaborate presentation of their fancy dishes. They point out that our mouth starts salivating as soon as we see the food. We can’t deny that even a boring old burger somehow tastes more delicious when served on fine china atop a tablecloth than when wrapped in plastic and peeking out of a paper bag. Research done in the late 1970s even suggests that our body absorbs more nutrients from food that we find more visually appealing! Perhaps that’s why bento boxes have become so popular lately. “Bento” is a traditionally Japanese cuisine referring to a single-portion “to-go” meal, often served in a box-like container for portability. While traditional bento can be traced back to the Kamakura Period (1185-1333) in Japan, contemporary bento emerged as a popular trend in the 1980s. People enjoying bento boxes invest in expensive wood or metal boxes, and it’s not uncommon for parents to spend a great deal of time crafting the food for their children’s box. In recent years, subgenres have emerged -- “kyaraben” or “character bento,” in which foods are decorated to look like popular characters from anime or video games; and “oekakiben” or “picture bento,” which features food decorated to look like animals, buildings, or flowers. You can buy generic bento boxes in convenience stores and airports in Japan and other parts of Asia, but the truly impressive creations are most often the result of artistic and diligent parents who prepare them for their children’s lunches. Today, there are even competitions for bento box art! So why not embrace the visual side of our appetite and encourage a little fun with our food? Try making these adorable cat donuts out of rice – I bet the adults will enjoy them as much as the kids! In this project, cooked rice was molded into donut shapes and colored with deco furi (a rice-coloring and seasoning used primarily for decoration) or dark soy sauce. You could also try turmeric or saffron for yellow kitties and beet juice for bright pink kitties! Total eye candy. http://www.bentomonsters.com/2014/04/cat-rice-donuts-bento.html More inspiration! Tags: bento boxes, bento monsters
Oryza U.S. Rough Rice Recap – Market Muted as Decreasing Bids Generate Little Interest; Iraq Issues New Tender Apr 07, 2014
The U.S. cash market was muted today as bids from smaller mills dropped with the futures market while most sellers continue to hold out for higher prices as stocks dwindle.As of today, old crop offers could still be found as low as $15.55 per cwt fob farm (about $343 per ton) for nearby shipment however most farmers are still looking to net at least $16.11 per cwt fob farm (about $355 per ton). Bids from larger mills decreased today to around $15.35 per cwt (about $348 per ton) for April-May delivery while bids for exporters were unchanged near $15.40-$15.65 per cwt (about $340-$345 per ton), for the same delivery period, however these bids remain unattractive to most seller’s when there are reports of smaller mills bidding between $16.00-$16.30 per cwt (about $353-$359 per ton) for prompt delivery.In the meantime, the
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Iraqi Grain Board issued another tender for at least 30,000 tons of long grain white rice of either U.S., Uruguayan, Argentine, or Brazilian origin. The tender is also seeking offers from Thailand and Vietnam for fragrant and parboiled rice. Offers need to be submitted no later than April 20 and must remain valid through April 24. Tags: U.S. rice prices, U.S. rice market
Oryza Rice Currency Analysis for Today – Currencies Little Changed Apr 07, 2014
U.S. dollar index was down -0.24% from the open today, when it traded at 80.229 at the close. Euro was stronger +0.27% by the close, trading around 1.3741 by end of day, after trading between an intraday high of 1.3749 and low of 1.3694. Thai baht was weaker -0.01%, trading at 32.473 at the close of business. Indian rupee was weaker -0.07% at 60.1250. Brazilian real was stronger +0.83% at the close of trading today, trading at 2.2172 reais per dollar. Pakistan rupee was -0.04% weaker at 98.2350. Vietnamese dong was weaker -0.01% at 21095. Mexican peso was stronger +0.07% today, when it traded at 12.9948 pesos per dollar by the close of business. Chinese yuan was weaker -0.02%, trading at 6.2134. Argentine peso was weaker -0.01% at 8.0019 pesos per dollar. Tags: foreign exchange rates
Oryza Afternoon Recap – Chicago Rough Rice Futures Begin the Week on Negative Note as Market Reacts to Bearish Headlines Apr 07, 2014
Chicago rough rice futures for May delivery settled 17 cents per cwt (about $4 per ton) lower at $15.590 per cwt (about $344 per ton). Rough rice future took on a negative tilt to begin the trading week as news headlines turned bearish for the US rice market on renewed competition for export markets. Technically the market remains in positive territory, above the 20-day moving average which is currently noted at $15.490 per cwt (about $341 per ton). However, many traders feel that Friday’s high water mark of $15.800 per cwt (about $348
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per ton) will act as a near-term high and likely limit any potential rally. It is widely expected that the market is in store for a pull-back, which could ultimately lead to prices moving to test support at the bottom of the current $15.200-$15.800 per cwt (about $335-$348 per ton) trading range. Nearby support is noted at $15.500 per cwt (about $342 per ton), a level that may come into play during tomorrow’s trading session. The other grains were mostly lower, with only wheat being able to close in the black today; soybeans closed about 0.6% lower at $14.6425 per bushel; wheat finished about 1% higher at $6.7625 per bushel, and corn finished the day about 0.5% lower at $4.9925 per bushel.U.S. stocks fell sharply on Monday as investors shed high-profile assets that fared well in 2013 in search of better values. The unofficial start of the quarterly earnings season begins after Tuesday's close. After hitting record highs late last week, the Dow Jones Industrial Average on Monday dropped as much as 159 points, and was lately off 149.28 points, or 0.9%, to 16,263.43. The S&P 500 shed 19.51 points, or 1%, to 1,845.58, with consumer discretionary and materials the worst performing and consumer staples and utilities faring best of its 10 major sectors. The Nasdaq fell 56.47 points, or 1.4%, to 4,071.25. Gold is trading about 0.5% lower, crude oil is seen trading about 1.1% lower, and the U.S. dollar is seen trading about 0.2% lower at about 1:00pm Chicago time. Friday, there were 716 contracts traded, up from 656 contracts traded on Thursday. Open interest – the number of contracts outstanding – on Friday increased by 196 contracts to 8,593. Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market
Russia Rice Production Expected to Grow to 650,000 Tons in 2014, Says USDA Post Apr 07, 2014
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Russia’s rice production is expected to grow to around 650,000 tons (basis milled) in the calendar year 2014, which is up about 7% from around 608,000 tons produced in 2013, according to the USDA Post in Moscow.The Post says that rice acreage in Russia is expected to remain almost unchanged from 2013 levels of around 185,000 hectares, but favorable weather conditions may help average rice yield in the country to increase to around 5.4 tons per hectare in 2014, up about 9% from around 4.9 tons per hectare in the previous year. Rice consumption and imports are likely to remain unchanged from 2013 levels of around 700,000 tons and 250,000 tons respectively. However, rice exports by Russia are expected to increase sharply to around 200,000 tons in 2014, up about 66% from around 120,000 tons in 2013, the Post says. Tags: Russia rice production, russia rice exports, Russia rice consumption, Russia rice imports
Iraq Tenders to Buy Minimum 30,000 Tons of Rice; Thailand Allowed to Participate Apr 07, 2014
Iraq is seeking to purchase at least 30,000 tons of long grain, fragrant and parboiled rice. The last date for submission of applications is April 20, 2014 and offers must remain valid until April 24, 2014. Delivery is expected in July - August 2014.Long grain rice is sought from the U.S., Uruguay, Argentina, or Brazil, while fragrant and parboiled rice are sought from Thailand and Vietnam.Iraq had stopped purchasing rice from Thailand in 2013 due to quality and weight concerns. However, Thailand’s director-general Department of Foreign Trade claimed recently that the problem is now resolved. Tags: Iraq rice tender, Iraq rice imports, Thailand rice exports, Long grain rice tender, Fragrant rice tender, Parboiled rice tender
Vietnam Rice Sellers Lower Most of Their Quotes; Pakistan Rice Sellers Increase Some of Their Quotes Today Apr 07, 2014
Vietnam rice sellers lowered their quotes for 5% broken rice, 100% broken rice and Jasmine rice by about $5 $10 per ton today. Pakistan rice sellers increased their quotes for 25% broken rice and 100% broken rice by about $5 per ton each to about $365 - $375 per ton and $340 - $350 per ton respectively today. Thailand rice sellers are out today due to holiday. India rice sellers kept their quotes mostly unchanged today. 5% Broken Rice Thai 5% rice (of new crop) was last quoted around $380 - $390 per ton, on par with Viet 5% rice shown around $380 - $390 per ton, down about $5 per ton from yesterday. Indian 5% rice is quoted around $425 - $435 per ton, about a $20 per ton premium over Pak 5% rice quoted around $405 - $415 per ton. 25% Broken Rice
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Thai 25% rice of the old crop was last quoted about $345 - $355 per ton, about a $5 per ton discount to Viet 25% rice shown around $350 - $360 per ton. Indian 25% rice is quoted around $370 - $380 per ton, about a $5 per ton premium over Pak 25% rice quoted around $365 - $375 per ton, up about $5 per ton from yesterday. Parboiled Rice Thai parboiled rice of the old crop was last quoted around $415 - $425 per ton. Indian parboiled rice is quoted around $410 - $420 per ton, about $10 per ton discount to Pak parboiled rice last quoted around $420 - $430 per ton. 100% Broken Rice Thai broken rice, A1 Super, of the old crop was last quoted around $300 - $310 per ton, about a $25 per ton discount to Viet broken rice shown around $325 - $335 per ton, down about $5 per ton from yesterday. Indian broken sortexed rice is quoted around $305 - $315 per ton, about a $35 per ton discount to Pak broken sortexed rice quoted around $340 - $350 per ton, up about $5 per ton from yesterday. Tags: Asia rice quotes, Thailand rice quotes, India rice quotes, Vietnam rice quotes, Pakistan rice quotes
USDA Post Forecasts Kazakhstan 2014 Rice Production to Increase to 334,700 Tons Apr 07, 2014
The USDA Post in Astana says that Kazakhstan's rice production is likely to increase to 334,700 tons in 2014, up by about 2,100 tons from 332,600 tons produced in 2013, according to the Ministry of Agriculture.The Post says that rice planted area in Kazakhstan is expected to decline in 2014, but higher yields will help overall production to increase this year. The Post estimates Kazakhstan's planted area for rice to decline to 85,700 hectares in 2014, down from 87,200 hectares in 2013. However, average rice yield is expected to increase to 3.91 tons per hectare in 2014, up about 3% from last year's yield of 3.81 tons per hectare. The USDA Post estimates government rice stocks in 2014 to increase to 121,000 tons, up about 4% from 116,000 tons in 2013.According to Kazakhstan's Master Plan, which sets out goals and projections for grain production, consumption, and trade to 2020, the government targets to produce about 21 million tons of grain, including rice, by 2020.The country's grain storage capacity is currently about 24 million tons.According to official USDA estimates, Kazakhstan produces around 224,000 tons of rice annually to meet the consumption needs of around 204,000 tons. The country imports around 20,000 tons and exports around 40,000 tons of rice. Tags: Kazakhstan rice production, Kazakhstan rice exports, Kazakhstan rice imports, Kazakhstan Master Plan 2020
Oryza Overnight Recap – Chicago Rough Rice Futures Begin the Week on Negative Note Apr 07, 2014
Chicago rough rice futures for May delivery are currently paused 8 cents per cwt (about $2 per ton) lower overnight at $15.680 per cwt (about $346 per ton) as of 8:00am Chicago time. The other grains are seen mixed this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.2% higher, wheat was paused about 1% higher, and corn is noted about 0.4% lower.U.S. stock index futures moved lower Monday,
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after stocks sold off in both Europe and Asia, led by the technology sector. The downturn on international bourses followed a 2.6% slump on the Nasdaq on Friday, its second-worst one-day loss of the year. The sell-off followed a marginally weaker-than-expected official employment report for March, which showed 192,000 jobs were created during the month. Monday will be a quiet day for both economic data and earnings. A speech by St Louis Federal Reserve President James Bullard on the economy and monetary policy may garner some market attention, although he is not a voting member of the Federal Open Market Committee (FOMC) this year or next. U.S. stock index futures are currently trading about 0.3% lower, gold is currently trading about 0.4% lower, crude oil is seen trading about 0.8% lower, and the U.S. dollar is currently trading about 0.1% lower at 8:00am Chicago time. Tags: chicago rough rice futures, U.S. stock index futures, Nasdaq, Federal Reserve President James Bullard
Turkey Rice Imports May Decline 12% to 290,000 tons in MY 2014-15, Says USDA Post Apr 07, 2014
The USDA Post says that Turkey's rice imports are likely to decline to around 290,000 tons in MY 2014-15 (September - August), down about 12% from an estimated 330,000 tons in MY 2013-14, mainly due to a weakening currency.The Post says that all commodity trade in Turkey is slow from the beginning of 2014 due to the depreciation of the Turkish Lira against other currencies. Local elections in March and Presidential Elections in August this year are also creating concerns about the business environment.The Post increased its estimates for Turkey's rice imports in MY 2013-14 to 330,000 tons, up 18% from official USDA estimates of 280,000 tons, due to drought conditions and high domestic prices.The Post finds that the grain trade in Turkey depends on keeping stocks until the end of price margins. Farmers have already sold their stocks and most grain stocks are now with the Turkish Grain Board (TMO) or traders. The Post estimates ending stocks in MY 2014-15 to decline to 200,000 tons, down about 11% from 224,000 tons in MY 2013-14.The Post estimates Turkey paddy rice production to decline to 740,000 tons in MY 2014-15, down about 1% from 746,000 tons in MY 2013-14. Rice planting area in MY 2014-15 is expected to increase due to higher returns.The Post estimates Turkey’s rice consumption in MY 2014-15 to remain at MY 2013-14 levels of 750,000 tons. It says that rice consumption in Turkey is price-sensitive and rice consumption has declined in the last four months because consumers have switched to wheat due to a sharp increase in rice prices. ccording to the Post, the average price of the popular Osmancik rice increased by around 75% from 2 TL per kilogram (around $944 per ton) in December 2013 to 3.5 TL (around $1,652 per ton) in March 2014. Tags: Turkey rice imports, Turkey rice production, Turkey rice prices, Osmancik
Thailand Exports 1.4 Million Tons of Rice in January – February 2014; Up 40% from Previous Year Apr 07, 2014
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Thailand has exported about 1.4 million tons of rice in the first two months of 2014, up about 40% from about one million tons of rice exported during the same period in 2013, according to data from Thai Rice Exporters Association (TREA).Thailand exported about 709,832 tons of rice in February 2014, up about 2% from about 696,558 tons of rice in January 2014 and up about 66% from about 427,109 tons in February 2013. Of the total rice exports in February 2014, white rice accounted for about 304,140 tons, Hommali rice accounted for about 108,563 tons, brokens accounted for 94,373 tons, glutinous rice accounted for 15,057 tons, parboiled rice accounted for about 178,057 tons and husked (brown) rice accounted for about 9,642 tons, TREA says. February 2014 exports earned about 12,234 billion baht, down about 1% from 12,372 billion baht in January 2014, and up about 30% from 9,432 billion baht in February 2013. In dollar terms, total rice exports in February 2014 earned around $378 million, up about 0.4% from $377 million in January 2013 and about 19% from about $317 million in February 2013.According to TREA, average price of white rice increased to about $405.23 per
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ton, up about 5%, from about $385.93 per ton in January 2013. Average price of Hommali rice increased to about $1,089.40 per ton, up about 3%, from about $1,059 per ton in January 2013. Average price of brokens declined to about $375.75 per ton, down about 9%, from about $410.14 per ton in January 2013. Average price of glutinous rice increased to about $878.68 per ton, up about 3%, from about $849.86 per ton in January 2013. Average price of parboiled rice increased to about $464.75 per ton, up about 2%, from about $456.17 per ton in January 2013. Average price of husked (brown) rice declined to about $570.66 per ton, down about 7%, from about $613.47 in January 2013. The Thailand government is has sold about one million tons of rice from its stockpiles in March 2014 and is planning to sell one million tons of rice and raise about 8 billion baht (around $247 million) every month. Current stocks in government warehouses are estimated at about 10 million tons, according to local sources. Tags: Thailand rice exports, Thailand rice production, Thailand rice stocks, Thailand Rice Exporters Association, Thailand rice export earnings
USDA Post Projects Myanmar Rice Production, Exports to Increase in 2015
Apr 07, 2014
The USDA Post says that Myanmar’s rice production is likely to increase to about 1.31 million tons in the calendar year 2015, up about 1% from an estimated 1.3 million tons exported in 2014 due to higher production
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and strong overseas demand.The Post estimates of Myanmar’s 2014 rice exports of around 1.3 million tons are up about 12% from an estimated 1.16 million tons in 2013. Exports are likely to increase this year due to higher demand and improvement in grain quality. The Post says that the Myanmar Agricultural Private Cooperation has won a rice tender to supply 60,000 tons of rice to Japan with delivery expected this year.Rice production is improving in Myanmar due to higher prices, favorable weather conditions, government support, infrastructure and improved seed supply. According to the Post, Myanmar's rice production is expected to increase to 12.16 million tons in 2015, up about 1% from an estimated 11.96 million tons in the previous year, helped by continued expansion in planting area. The government is constructing eight dams which would be completed in 2014 and the renovation of drainage canals in flood zones and deep water areas in the Ayeyarwaddy region is expected to increase the planting acreage for dry season rice next year. The USDA Post increased its estimates for Myanmar's 2014 rice production by 2% to 11.96 million tons from an estimated 11.72 million tons due to favorable weather conditions.The USDA Post estimates total milled rice consumption in Myanmar at 11 million tons for 2015, up about 5% from an estimated 10.5 million tons in 2014. The Post projects that a 2% rise in population is expected to boost per capita rice consumption to 180 kilograms per year and seed usage to 103 kilogram per hectare.The Government of Myanmar (GOM) is supporting farmers by way of infrastructure development, mechanization, technology assistance, etc. It is also providing financial support in the form of a Kyat (Ks) 40,000 (US$ 41) credit line per hectare to farmers through the government-owned Myanmar Agricultural Development Bank (MADB). However, the USDA Post says that Myanmar rice farmers still cannot compete with the farmers of Thailand and Vietnam because of labor shortages and increasing input costs. Tags: myanmar rice exports, myanmar rice production, Myanmar rice consumption, USDA
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