8th August, 2014
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TOP Contents - Tailored for YOU Latest News Headlines…
Oryza Global Weather Outlook Oryza Overnight Recap - Chicago Rough Rice Futures Find Support from Strong Export Sales Report and Cancellation of Majority of Remaining Warehouse Receipts Oryza Afternoon Recap - Chicago Rough Rice Futures Bounce as Exports Improve and as Warehouse Receipts Dwindle Sensors, Cameras, Tabs Team up to Increase Rice Production in Japan Oryza U.S. Rough Rice Recap - Market Unchanged as Harvest Picks up in S. LA and TX Thailand Rice Auction Brings High Demand but Low Bids Specific Bird Species can Befriend Rice Farmers, say IRRI Scientists Vietnam Rice Sellers Lower Some of Their Quotes; Other Asia Quotes Unchanged Today U.S. Authorities Spot Khapra Beetle Larvae in Pakistan Rice Will Tanzania Be Africa's Top Rice Producer and Exporter? Who's Topping the List for Highest Rice Yields in Sub-Saharan Africa? Got a Farm Problem? Click It, Send It and Resolve It Online through New App Oryza Rice Currency Analysis for Today – Brazil Real Plunges 1% Oryza Global Rice Quotes
News Detail…
Oryza Global Weather Outlook Aug 07, 2014
Most parts of Southwest China can expect rainfall in the next three days. Northeast China, north inner Mongolia and Northern Heilongjiang can expect a few showers on Friday. Heavy rain is expected in the upper North, the Northeast, the East and the Southwest Coast of Thailand today and tomorrow. Thereafter, light rain is expected over Thailand for the next three days. Such continuous rain is favourable for rice crop in Thailand, especially with improved moisture conditions there.
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Vietnam can expect scattered showers on Thursday and Friday. Summer rice in Vietnam benefited from improved rainfall that brought season-to-date totals close to those of last year. Heavy rainfall is expected at isolated places in India such as Himachal Pradesh, Uttarakhand, West Rajasthan, West Madhya Pradesh, Gujarat, South interior Karnataka and Kerala in the next three days. In Eastern India, heavy showers continued in rice growing areas of East Madhya Pradesh and Odisha, maintaining favourable moisture supplies. Most of Northern India has concerns over water supply replenishment for the upcoming Rabi season (second crop) as seasonal rainfall remained less than 75% of normal in many areas. Showers are expected at some places in Pakistan such as Sindh, Kashmir, Islamabad, Rawalpindi, Gujranwala and Lahore divisions, in upper KP, Sargodha, Faisalabad, Sahiwal, Bahawalpur divisions and Baluchistan in the next two days. Isolated heavy rainfall also expected in Mirpur Khas, Gujranwala and Rawalpindi divisions during the period. Light showers are likely to occur at many places over Dhaka, Rajshahi, Rangpur, Khulna, Barisal, Chittagong and Sylhet divisions in Bangladesh today and tomorrow. Showers are expected across Indonesia on Thursday and Friday. Heavy rainfall is possible in central Borneo. By August 3, 60% of this year’s rice crop was heading in the US. Arkansas rice farmers continued to scout for diseases and insects while applying fungicides. Overall, 71% of the rice crop was reported to be in good condition, unchanged from last week, but slightly better than the same time last year. Tags: India, Pakistan, Bangladesh, Thailand, Vietnam, China
Oryza Overnight Recap - Chicago Rough Rice Futures Find Support from Strong Export Sales Report and Cancellation of Majority of Remaining Warehouse Receipts Aug 07, 2014
Chicago rough rice futures for Sep delivery were noted 6 cents per cwt (about $1 per ton) higher at $12.685 per cwt (about $280 per ton) during early trading in Chicago. The other grains are seen lower this morning during early floor trading in Chicago: soybeans are currently seen about 0.4% lower, wheat is listed about 1.3% lower and corn is noted about 1.2% lower.
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U.S. stocks gained on Thursday amid corporate earnings and positive data on the labor market, with investors also on alert for signs of escalation in the conflict in Ukraine. The Labor Department's tally of Americans filing for unemployment benefits last week declined by 14,000 to 289,000, and the four-week average fell to 293,500, the lowest since 2006. European shares were mixed after the European Central Bank held interest rates unchanged, as expected, with the decision coming after the ECB reduced its deposit rate below zero in June. Russia banned imports of many Western foods in retaliation for sanctions imposed against it for backing rebels in Ukraine. The Dow Jones Industrial Average climbed 57.67 points, or 0.4 percent, to 16,501.01. The S&P 500 rose 7.64 points, or 0.4 percent, to 1,927.88, with utilities leading sector gains that included all but one of its 10 major industry groups. The Nasdaq gained 17.36 points, or 0.3 percent, to 4,372.41. Gold is currently trading about 0.1% lower, crude oil is seen trading slightly higher, and the U.S. dollar is currently trading about 0.2% higher at 9:15am Chicago time. Tags: chicago rough rice futures, U.S. rice market, U.S. rice prices
Oryza Afternoon Recap - Chicago Rough Rice Futures Bounce as Exports Improve and as Warehouse Receipts Dwindle Aug 07, 2014
Chicago rough rice futures for Sep delivery settled 11 cents per cwt (about $2 per ton) lower at $12.735 per cwt (about $281 per ton). The other grains finished the day lower; soybeans closed about 0.2% lower at $10.7800 per bushel; wheat finished about 1.1% lower at $5.6150 per bushel, and corn finished the day about 0.8% lower at $3.7125 per bushel. U.S. stocks declined on Thursday as Wall Street echoed action in European markets while on alert for signs of escalation in the conflict in Ukraine. European shares fell amid media reports that had NATO Secretary General Anders Fogh Rasmussen urging Russia to "step back from the brink" by withdrawing troops and stopping its support of rebels in Eastern Ukraine. President Obama is reportedly weighing airstrikes against the Islamic State in Iraq and Syria, or ISIS, or airdrops of food and medicine to aid as many as 40,000 religious minorities in Iraq. The Labor Department's tally of Americans filing for unemployment benefits last week declined by 14,000 to 289,000, and the four-week average fell to 293,500, the lowest since 2006. The European Central Bank held interest rates unchanged, as expected, with the decision coming after the ECB reduced its deposit rate below zero in June. After a 61-point climb, the Dow Jones Industrial Average fell as much of 93 points, and was lately off 55.10 points, or 0.3 percent, to 16,389.24. The S&P 500 dropped 6.51 points, or 0.3 percent, to 1,913.73, with health care leading sector losses and utilities and industrials the sole gainers among the S&P's 10 main industry groups. The Nasdaq lost 5.69 points, or 0.1 percent, to 4,349.36. Gold is trading 0.3% higher, crude oil
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is seen trading about 0.2% higher, and the U.S. dollar is seen trading about 0.1% higher at about 1:00pm Chicago time. Wednesday, there were 668 contracts traded, down from 1,950 contracts traded on Tuesday. Open interest – the number of contracts outstanding – on Wednesday increased by 60 contracts to 9,913. Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market
Sensors, Cameras, Tabs Team up to Increase Rice Production in Japan Aug 07, 2014
Who said rice farms should only comprise paddy, an irrigation pump, a few farmers and some basic farming equipment? The farms in Yamaguchi Prefecture in Japan which produce the Yamada Nishiki type of rice used in making the Dassai brand of sake, go a step ahead to use sensors, tablets, PCs etc for data aggregation and analysis to ensure a consistently good yield. The high-end rice initiative is monitored by Asahi Shuzo, a sake brewery in Japan, and Japanese technology company MNC Fujitsu Limited. After the demand for the Yamada Nishiki rice exceeded its supply, Asahi Shuzo adopted the new software to enhance production to meet its new demands. In April 2014, the Agricultural Production Management SaaS of Fujitsu's AkisaiFood and Agriculture Cloud and multi-sensing networks was installed at farms in Yamaguchi to gather data and analyse farming activity, production costs etc. The information is expected to provide knowledge of cultivation to new producers. Every day, tablets, smart phones and other handheld devices record the type of activity along with the time and location. Auto sensors fitted in fields collect and record hourly data such as temperature, humidity, soil temperature and moisture etc. Every afternoon, a camera photographs the rate of growth. Once the crop is harvested in October, the data will be analysed to see how best to optimize nature, processes to adopt to ensure better yield, mistakes that occurred and other such factors. It also analyses information on the best usage of pesticides and fertilizers. Starting 2015, Asahi Shuzo hopes to support producers of Yamada Nishiki rice in achieving stable production.Japan, Rice Production, sensors, cameras, tablets
Oryza U.S. Rough Rice Recap - Market Unchanged as Harvest Picks up in S. LA and TX Aug 07, 2014
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The U.S. cash market was unchanged today as buyers and sellers remain at odds on price as the harvest picks up in South Louisiana and Texas.As of today, offers were firm near $13.33 per cwt fob farm (about $294 per ton) while bids continue to be seen around $12.85-$13.25 per cwt (about $282-$292 per ton) for September-October delivery; however, that remains unattractive to most sellers. In the meantime, today the USDA reported a net sales reduction totaling 5,700 tons was reported for the 2013/2014 marketing year which ended on Thursday, July 31. Increases were reported for the following destinations: 11,300 tons to Colombia, 5,300 tons to Guatemala, 1,900 tons to Canada, 1,500 tons to Iraq, and 1,400 tons to Saudi Arabia, which were more than offset by decreases of 16,400 tons to Mexico, as well 8,700 tons and 2,300 tons to unknown destinations and El Salvador, respectively.A total of 138,000 tons in sales were outstanding on Thursday, July 31 and were carried over to 2014/2015. Net sales of 44,000 tons were reported for 2014/15, which began on Friday, August 1. U.S. rice exporters shipped 80,200 tons for 2013/2014 and the primary destinations included 31,500 tons to Iraq, 17,200 tons to Colombia, 9,400 tons to Honduras, 5,300 tons to Guatemala, and 4,800 tons to Costa Rica. Tags: U.S rice prices, U.S. rice market
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Thailand Rice Auction Brings High Demand but Low Bids Aug 07, 2014
Thailand's first rice tender after the military junta took over in May 2014 has attracted huge number of bidders today due to increasing demand and prices, reports Reuters. The Commerce Ministry put up around 167,000 tons of rice (all types) for sale and more than 40 rice exporters, millers and domestic traders participated in the auction, according to official sources. Exporters who participated in the bidding process told media sources that they bid at around $5-$15 per ton below market prices in view of high competition.The Commerce Ministry, which has been expecting a good response for the auction has so far not commented on the bidding. It is to submit the winning bids for approval by the National Council for peace and Order (NCPO) and announce the results next week. Export price of Thai 5% broken white rice currently stands at around $440 per ton, slightly below the Viet 5% rice at around $465 - $470 per ton.The Commerce Ministry is keen on selling around 200,000 to 500,000 tons of rice between August and September 2014. The NCPO is planning to sell around 500,000 tons a month and complete the sale of existing 18 million rice stocks over the next three years, according to local sources.The proceeds from rice auctions would be used to service debts under the paddy pledging scheme introduced by the previous government in October 2011. Losses from rice pledging scheme are estimated at around 500 billion baht (around $15.5 billion) by the Finance Ministry. The NCPO stopped rice sales to carry out nation-wide inspections in government warehouses. Tags: Thai rice auctions, Thai rice exports, Thai rice prices
Specific Bird Species can Befriend Rice Farmers, say IRRI Scientists Aug 07, 2014
Some specific bird species can be useful to farmers in rice fields, according to IRRI resident bird experts Richard Smedley and Clare Jones. They say rice fields can be used to create suitable habitats to certain wild bird species and can be used to reduce insect and snail populations in them.Based on experiments conducted in IRRI rice plots in the 2014 dry season. the two scientists have conducted a workshop on July 30, 2014 to train
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fellow researchers on identifying farmer-friendly bird species by presenting various survey methods used in ornithological surveys. The participants were made familiar with the man characteristics, unique behaviors, songs and sounds of most commonly spotted birds in rice fields.They said the new skills coupled with ecological engineering practices would help researchers to identify bird-species useful for rice farmers in combating insect and snails as well as create a suitable habitat for birds facilitating perching, nesting and foraging. Swallows and kingfishers were identified as most commonly seen birds attracted to the rice fields during experimental time. The two bird experts are planning to extend their experiments to wet season as well. Tags: IRRI, Farmer-friendly bird species, Swallows, Kingfishers
Vietnam Rice Sellers Lower Some of Their Quotes; Other Asia Quotes Unchanged Today Aug 07, 2014
Vietnam rice sellers lowered their quotes for 100% broken rice by about $5 per ton to around $360 - $370 per ton today. Other Aisa rice sellers kept their quotes mostly unchanged. 5% Broken Rice Thailand 5% rice is quoted at around $445 - $455 per ton, about $15 per ton discount to Vietnam 5% rice quoted at around $460 - $470 per ton. India 5% rice is quoted at around $435 - $445 per ton, about $10 per ton discount to Pakistan 5% rice quoted at around $445 - $455 per ton. 25% Broken Rice Thailand 25% rice was last quoted at around $350 - $360 per ton, about $60 per ton discount to Vietnam 25% rice quoted at around $410 - $420 per ton. India 25% rice is quoted at around $390 - $400 per ton, about $5 per ton discount to Pakistan 25% rice quoted at around $395 - $405 per ton. Parboiled Rice Thailand parboiled rice is quoted at around $445 - $455 per ton. India parboiled rice is quoted at around $425 $435 per ton, about $25 per ton discount to Pakistan parboiled rice quoted at around $450 - $460 per ton. 100% Broken Rice
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Thailand broken rice, A1 Super, was last quoted at around $310 - $320 per ton, about $50 per ton discount to Vietnam broken rice quoted at around $360 - $370 per ton, down about $5 per ton from yesterday. India broken sortexed rice is quoted at around $330 - $340 per ton, about $5 per ton premium on Pakistan broken sortexed rice quoted at around $325 - $335 per ton.
Tags: Vietnam rice prices, India rice prices, pakistan rice prices, Thailand rice prices
U.S. Authorities Spot Khapra Beetle Larvae in Pakistan Rice Aug 07, 2014
The U.S. Customs authorities have found dead larvae of Khapra beetle in a rice shipment from Pakistan, according to the Washington Post.U.S. Customs and Border Protection (CBP) told media sources on Wednesday that a 1,066-carton shipment containing around 20 tons of rice was found to be infested with Khapra beetle larvae and that the authorities issued an emergency action notice to the importing entity ordering the shipment to be destroyed or re-exported. Officials noted that the importer chose to re-export the 20 ton rice shipment."Khapra beetle is one of world’s most destructive insect pests of grains, cereals and stored foods and remains the only insect in which CBP takes regulatory action against even while in a dead state,� say CBP officials. This is not the first time Pakistani rice is found to be infested with Khapra beetle. In last August, the U.S. Customs officials have returned a rice shipment from Pakistan after finding traces of Khapra beetle in it. In July last year, Mexican authorities also banned rice shipments from Pakistan due to detection of Khapra beetle in some rice samples. Pakistan rice exporters have been urging the government to reconcile rice trade with Mexico. Tags: U.S. rice imports, Pakistan rice exports, Khapra beetle
Will Tanzania Be Africa's Top Rice Producer and Exporter? Aug 07, 2014
Rice production in Tanzania is booming but so is the country’s urban population. Tanzania will therefore be challenged to satisfy its domestic demand for rice, let alone to become a world exporter.
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Some voices from Tanzania’s rice sector foresee the country becoming a leading rice exporter in the not too distant future. Tanzania is already one of the largest producers of rice in Sub-Saharan Africa, and unlike the other big producers like Nigeria and Madagascar, Tanzania is operating very close to self sufficiency. In this sense, Tanzania looks like the most likely African candidate to become a significant rice exporter. However, rice is an important food staple in Tanzania. Like most East African countries, maize is the number one food staple, but this is expected to change. Tanzania’s population is growing at 2.7%. Its population tripled between 1967 and 2012. The capital – Dar es Salaam – is growing at 4.3%, making it the third fastest growing city in Africa. As with many African coastal cities, rice has is one of the preferred food staples. In order to feed this growing urban population, Tanzania may very well have to become the region’s largest rice producer if it doesn’t want to become dependent on international rice markets.Rice is already seen as a cash crop by Tanzanian farmers because of its high demand in urban regions of the country. The booming domestic urban markets therefore present a lucrative opportunity for Tanzanian rice farmers. If Sub-Saharan Africa does produce rice exporting countries in the future, it seems unlikely that one of them will be Tanzania.
Who's Topping the List for Highest Rice Yields in Sub-Saharan Africa? Rwanda – highest rice yielding country in Sub-Saharan Africa in 2013 – produces over 5.5 tons of rough rice per hectare, followed by Niger (5 tons) and Kenya (4.6 tons).Rice production in Sub-Saharan Africa is characterized as low yielding because most rice on the continent is grown in rain-fed systems so a lack of water availability tends to limit rice yields. On top of this, a lack of other resources like fertilizers and quality seed are seen as explaining why rice yields are usually only between 1 and 1.5 tons per hectare. However, by looking at national yield statistics we can see that this may not be a good representation of African rice production anymore. For instance, over half of the sub-Saharan African countries are producing more than 1.5 tons per hectare on average. In fact, eight countries have a national average of 3 tons of rice per hectare. Interestingly, two of the three countries topping the list are East African countries. Rice tends to be a more important crop in West Africa. Another interesting point is that many of the countries in the very dry, arid Sahel region, like Niger, Mauritania, Sudan, Senegal and Mali actually have some of the highest yields and highest potential the increase yields because of their access to irrigation and the fact that they have so little rain they can control water inputs. Tags: Sub-Saharan Africa, rice yields, Adam John
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Got a Farm Problem? Click It, Send It and Resolve It Online through New App Aug 07, 2014
Farmers in India perhaps may no longer need to look to the sky or feel the earth if they sense there is something in their farm. All they have to do now is to click a photograph of whatever is bothering their farm, speak out the problem, use CropLense app to broadcast it across the farming sector and seek help from professionals directly across the globe.CropLense, from the India-based iConcept company, claims to resolve farmer’s crop issues, especially on popular crops like rice, wheat, cotton etc by providing an online forum where farmers or field officers can post their queries about any agricultural issues and can get experts' advice using the app. Students, agro professionals, professors and consultants are the other targeted users, to collectively share knowledge and help the farming community. Tags: Rice, rice news, app, farmers, problems, hyderabad, mobile, technology
Oryza Rice Currency Analysis for Today – Brazil Real Plunges 1% Aug 07, 2014
U.S. dollar index was stronger +0.07% from the open today, when it traded at 81.498 at the close. Euro was weaker -0.13% by the close, trading around 1.3366 by end of day, after trading between an intraday high of 1.3394 and low of 1.3337. Thai baht was -0.22% weaker, trading at 32.249 at the close of business. Indian rupee was stronger +0.45% at 61.2325. Brazilian real was weaker -1.01% at 2.2961 reais per dollar. Pakistan rupee was -0.06% weaker at 98.8500. Vietnamese dong was -0.02% weaker at 21220. Mexican peso was weaker -0.40% today, when it traded at 13.2886 pesos per dollar by the close of business. Chinese yuan was +0.04% stronger at 6.1609. Argentine peso was virtually unchanged at 8.2692 pesos per dollar.
Tags: foreign exchange rates, Rice currencies, Global rice trade
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Oryza Global Rice Quotes August 7th, 2014 Long grain white rice - high quality Thailand 100% B grade 460-470 ↔ Vietnam 5% broken 460-470 ↔ India 5% broken 435-445 ↔ Pakistan 5% broken 445-455 ↔ Cambodia 5% broken 450-460 ↔ U.S. 4% broken 550-560 ↔ Uruguay 5% broken 615-625 ↔ Argentina 5% broken 610-620 ↔ Long grain white rice - low quality Thailand 25% broken NQ ↔ Vietnam 25% broken 410-420 ↔ Pakistan 25% broken 395-405 ↔ Cambodia 25% broken 425-435 ↔ India 25% broken 390-400 ↔ U.S. 15% broken 530-540 ↔ Long grain parboiled rice Thailand parboiled 100% stxd 445-455 ↔ Pakistan parboiled 5% broken stxd 450-460 India parboiled 5% broken stxd 425-435 ↔ U.S. parboiled 4% broken 630-640 ↔ Brazil parboiled 5% broken NQ ↔ Uruguay parboiled 5% broken NQ ↔ Long grain fragrant rice Thailand Hommali 92% 1015-1025 ↔ Vietnam Jasmine 605-615 ↔ India basmati 2% broken NQ ↔ Pakistan basmati 2% broken NQ ↔ Cambodia Phka Malis 835-845 ↔ Brokens Thailand A1 Super NQ ↔ Vietnam 100% broken 360-370 ↓ Pakistan 100% broken stxd 325-335 ↔ Cambodia A1 Super 350-360 ↔ India 100% Broken stxd 330-340 ↔ Egypt medium grain brokens NQ ↔ U.S. pet food 470-480 ↔ Brazil half grain NQ ↔
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All prices USD per ton, FOB vessel, oryza.com
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