20th may(wednesday),2015 daily exclusive oryza rice e newsletter by riceplus magazine
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This document is a newsletter providing information on global rice market prices and conditions. It includes the following: - Quotes for prices of different types of rice from various countries. - Reports that Asian rice seller quotes were mostly unchanged and details on some price differences between countries. - News that the government of Malaysia is planning initiatives to make rice farming more attractive and lucrative for youth. - A report that the Brazilian paddy rice index declined about 1% from the previous week. - Details that nearly 11 million tons of Thailand's stockpiled rice is substandard and plans to sell it off.
20th may(wednesday),2015 daily exclusive oryza rice e newsletter by riceplus magazine
- 1. Daily Exclusive ORYZA Rice E-Newsletter 2015 www.ricepluss.com & www.riceplusmagazine.blogspot.com Page 1 For Advertisement in daily Newsletter & Blog & Website Contact: Mujahid Ali [email protected] Daily Exclusive ORYZA Rice E-Newsletter www.ricepluss.com www.riceplusmagazine.blogspot.com May 20 ,2015 Vol 5,Issue V
- 2. Daily Exclusive ORYZA Rice E-Newsletter 2015 www.ricepluss.com & www.riceplusmagazine.blogspot.com Page 2 Global Rice Quotes May 19th, 2015 Long grain white rice - high quality Thailand 100% B grade 380-390 ↔ Vietnam 5% broken 350-360 ↔ India 5% broken 370-380 ↔ Pakistan 5% broken 395-405 ↔ Myanmar 5% broken 415-425 ↔ Cambodia 5% broken 430-440 ↔ U.S. 4% broken 470-480 ↔ Uruguay 5% broken 565-575 ↔ Argentina 5% broken 555-565 ↔ Long grain white rice - low quality Thailand 25% broken 350-360 ↔ Vietnam 25% broken 330-340 ↔ Pakistan 25% broken 355-365 ↔ Cambodia 25% broken 410-420 ↔ India 25% broken 345-355 ↔ U.S. 15% broken 460-470 ↔ Long grain parboiled rice Thailand parboiled 100% stxd 370-380 ↔ Pakistan parboiled 5% broken stxd 405-415 ↔ India parboiled 5% broken stxd 360-370 ↔ U.S. parboiled 4% broken 555-565 ↔
- 3. Daily Exclusive ORYZA Rice E-Newsletter 2015 www.ricepluss.com & www.riceplusmagazine.blogspot.com Page 3 Brazil parboiled 5% broken 570-580 ↔ Uruguay parboiled 5% broken NQ ↔ Long grain fragrant rice Thailand Hommali 92% 865-875 ↔ Vietnam Jasmine 480-490 ↔ India basmati 2% broken NQ ↔ Pakistan basmati 2% broken NQ ↔ Cambodia Phka Mails 815-825 ↔ Brokens Thailand A1 Super 315-325 ↔ Vietnam 100% broken 305-315 ↔ Pakistan 100% broken stxd 300-310 ↔ Cambodia A1 Super 350-360 ↔ India 100% broken stxd 270-280 ↔ Egypt medium grain brokens NQ ↔ U.S. pet food 365-375 ↔ Brazil half grain NQ ↔ All prices USD per ton, FOB vessel, oryza.com Asia Rice Quotes Unchanged Today May 19, 2015 Asia rice sellers kept their quotes mostly unchanged today. 5% Broken Rice
- 4. Daily Exclusive ORYZA Rice E-Newsletter 2015 www.ricepluss.com & www.riceplusmagazine.blogspot.com Page 4 Thailand 5% rice is indicated at around $370 - $380 per ton, about a $20 per ton premium on Vietnam 5% rice shown at around $350 - $360 per ton. India 5% rice is indicated at around $370 - $380 per ton, about a $25 per ton discount to Pakistan 5% rice shown at around $395 - $405 per ton. 25% Broken Rice Thailand 25% rice is shown at around $350 - $360 per ton, about a $20 per ton premium on Vietnam 25% rice shown at around $330- $340 per ton. India 25% rice is indicated at around $345 - $355, about a $10 per ton discount to Pakistan 25% rice shown at around $355 - $365 per ton. Parboiled Rice Thailand parboiled rice is indicated at around $370 - $380 per ton. India parboiled rice is indicated at around $360 - $370 per ton, about a $45 per ton discount to Pakistan parboiled rice shown at around $405 - $415 per ton. 100% Broken Rice Thailand broken rice, A1 Super, is indicated at around $315 - $325 per ton, about a $10 per ton premium on Vietnam 100% broken rice shown at around $305 - $315 per ton. India's 100% broken rice is shown at around $270 - $280 per ton, about a $30 per ton discount to Pakistan broken sortexed rice shown at around $300 - $310 per ton. Government of Malaysia Planning to Make Paddy Planting More Attractive for Youth, Says Minister May 19, 2015 The government of Malaysia is planning to make paddy planting more attractive, especially for youth, in terms of ensuring higher income and returns, local sources quoted the Energy, Green technology and Water Minister as saying.The Minister noted that recently young farmers were not interested in rice farming due to lesser return associated with it. He noted that the government is trying to help young farmers to achieve higher yields and returns by assisting with new technologies, seedlings and fertilizers. He noted that though cost of inputs have increased in recent times, the government is trying to ensure that rice farmers get lucrative returns.He also noted that these measures are important as the government is aiming for total self-sufficiency in
- 5. Daily Exclusive ORYZA Rice E-Newsletter 2015 www.ricepluss.com & www.riceplusmagazine.blogspot.com Page 5 the country over the next few years. He also ensured that the 11th Malaysia Plan will consist of new programs to redevelop paddy fields and idle land as well as encourage more farmers to grow paddy. Last week, the country's Agriculture Minister announced that his Ministry would spend about RM2.2 billion (around $615 million) this year to help rice farmers to improve output to about seven tons per hectare from the current six tons per hectare in line with the government's self- sufficiency target.Malaysia produces about 64% of rice needed for annual consumption of about 2.8 million tons and imports the rest. The Minister expressed that while 90,000 tons are imported officially, nearly one million tons are imported unofficially into the country.USDA estimates Malaysia to produce about 1.8 million tons of rice and import about one million tons of rice in MY 2014-15 (January 2015 - December 2015). Brazil Paddy Rice Index Declines About 1% from Last Week May 19, 2015
- 6. Daily Exclusive ORYZA Rice E-Newsletter 2015 www.ricepluss.com & www.riceplusmagazine.blogspot.com Page 6 The Brazilian paddy rice index maintained by CEPEA reached around 35.04 real per 50 kilograms as of May 18, 2015, down about 1% from around 35.36 real per 50 kilograms recorded on May 11, 2015.In terms of USD per ton, the index reached around $232.52 per ton on May 18, 2015, down about 2% from around $237.12 per ton recorded on May 11, 2015. Nearly 11 Million Tons of Stockpiled Rice Substandard, Says Thai Commerce Ministry May 19, 2015 Of the 16 million tons of stockpiled rice with the Thai government, nearly 11 million tons are substandard, local sources quoted the Commerce Permanent Secretary as saying.The Secretary told the local sources that the Rice Policy and Management Committee yesterday agreed to sell about 2 million tons of stockpiled rice over the next two months. She noted that the entire stock needs to be sold at the earliest as the storage costs at about 30 million baht (around 895,496) per day. She also noted that total loss associated with the substandard rice, including the storage costs and lowering the selling price, would translate to around 400 billion baht (around $12 billion).
- 7. Daily Exclusive ORYZA Rice E-Newsletter 2015 www.ricepluss.com & www.riceplusmagazine.blogspot.com Page 7 She said the government is expecting to earn about 200 billion baht (around $5.97 billion) from selling the entire rice stocks while the total cost associated with holding the stocks is around 600 billion baht (around $17.9 billion).The government is keen on selling about 10 million tons of rice this year and about 7 million tons next year. However, it has been delaying the third auction since March 20, 2015 in order to avoid downward pressure on prices.It had sold about 1.88 million tons of rice from six auctions raising around 25.58 billion baht (around $785.2 million) since it seized power in May 2014. It also reportedly sold one million tons of rice under government-to-government contracts. Oryza Overnight Recap – Chicago Rough Rice Futures Seen Flat Overnight Despite Weakness in Neighboring Grain Pits May 19, 2015 Chicago rough rice futures for Jul delivery are currently seen trading 2 cents per cwt (about $0.44 per ton) higher at $9.815 per cwt (about $216 per ton) ahead of floor trading in Chicago. The other grains are seen trading lower; soybeans are currently seen about 0.4% lower,
- 8. Daily Exclusive ORYZA Rice E-Newsletter 2015 www.ricepluss.com & www.riceplusmagazine.blogspot.com Page 8 wheat is listed about 2.1% lower and corn is currently noted about 1.2% lower.U.S. stock index futures indicated Wall Street would follow European markets higher on Tuesday, after finishing at record highs on Monday. April's housing starts totaled 1.135 million in April, above the 1.020 million estimate. The beat follows weak readings of little above 900,000 in February and March. Bond yields extended gains after the better-than-expected data, with the U.S. 10-year Treasury yield at 2.27%.European equities were sharply higher in morning trade on Tuesday, with investors reacting to corporate earnings and focusing on comments by a member of the European Central Bank. The euro fell to as low as $1.114 early in the day, after starting the session at $1.131. The 10-year benchmark German Bund yield briefly fell to 0.56% and the 10-year U.S. Treasury yield dipped below 2.20%. Gold is currently trading about 1.1% lower, crude oil is seen trading about 1.9% lower, and the U.S. dollar is currently trading about 1.2% higher at 8:15am Chicago time. Philippines Researcher Develops Eco Friendly Rice Hull Processor May 19, 2015
- 9. Daily Exclusive ORYZA Rice E-Newsletter 2015 www.ricepluss.com & www.riceplusmagazine.blogspot.com Page 9 A researcher at the Philippine Rice Research Institute (PhilRice) has developed the continuous rice hull (CtRH) carbonizer which can process rice hull into biochar (commonly known as charcoal) in an environmentally friendly manner and at a lesser cost, according to the Philippines government website.The CtRH is a smokeless carbonizer that converts rice hull into biochar, which can be used for cooking, baking, sterilizing and heating brooding chicks. According to the researcher, while the machine processes rice hull into biochar, it generates heat that is then recovered in the carbonizer attachments, including a high-volume, cooker, baking oven, sterilizer for mushroom fruiting bags, or heater for brooding chicks. Heat thus generated can replace heat generated from conventional sources such as LPG or electricity, he says. Moreover, biochar produced from rice hull can be used as organic fertilizer together with animal manure. This type of organic fertilizer can resist degradation and traps carbon in soils for hundreds of years thus reducing the impact of greenhouse gas emissions as well as environmental pollution.The PhilRice is planning to commercialize the CtRH carbonizer so that farmers can make an efficient use of rice hull produced in their fields. Farmers generally burn rice hull in their fields leading to environmental pollution. The Agricultural Secretary also urged stakeholders to utilize these eco friendly and cost efficient technologies and benefit out of them. Oryza U.S. Rough Rice Recap - Prices Mostly Unchanged as Futures Drop; Mexico and Canada Threaten Import Tariffs May 19, 2015 The U.S. cash market was relatively unchanged again today despite weakness in the futures market as neither buyer or seller could come off of their price ideas to make a trade.There were reports today that Canada and Mexico are threatening to impose import tariffs on U.S. rice if the U.S. requires retailers to label meat with where the animal was born, raised, and slaughtered.Analysts note that the imposition of these tariffs would crush the U.S. rice industry however most agree that there will be a resolution to this dispute. Pakistan Rupee Appreciation Against Dollar, Euro Impacts Rice Exports in FY 2014-15, Says MOC May 19, 2015
- 10. Daily Exclusive ORYZA Rice E-Newsletter 2015 www.ricepluss.com & www.riceplusmagazine.blogspot.com Page 10 In a written reply to the Parliament, Pakistan's Ministry of Commerce noted that a decline in the average unit price (AUP) of non-basmati rice, appreciation of Pakistan rupee against the U.S. dollar and the euro, increased cost of production and lack of adequate research and development in the country have all contributed to a decline in Pakistan's rice exports so far in the FY 2014-15 (July - June), according to local sources.The Ministry stated that a decline in the AUP of non- basmati rice, which account for about 70% of Pakistan's total rice exports, has reduced the export value significantly so far this year. According to data from the Pakistan Bureau of Statistics (PBS), Pakistan's total rice exports, including basmati and non-basmati, increased about 4% y/y to around 3.09 million tons in July 2014 - March 2015 from around 2.97 million tons last year. However, in terms of value, Pakistan's exports declined about 6% y/y during the period to around $1,569 million from around 1,667 million last year.According to the Ministry, appreciation of Pakistan rupee against the USD during July 2014 and January 2015 also impacted the value of exports significantly. The average value of Pakistan rupee against the dollar stood at around 100.3 during July 2014 - March 2015 compared to around 103.62 during the same period last year. Due to this, though the exports declined by only 6% in terms of dollar, they declined by about 9% in terms of rupee.
- 11. Daily Exclusive ORYZA Rice E-Newsletter 2015 www.ricepluss.com & www.riceplusmagazine.blogspot.com Page 11 Appreciation of Pakistan rupee against the euro during July 2014 to January 2015 also affected the competitiveness of Pakistan’s rice exports to the Euro zone.The Ministry also noted that increased cost of production and lack of appropriate research in the country are also affecting the competitiveness of Pakistan rice globally. It stated that absence of development of new high yielding varieties of rice for the last thirty years is a worrisome factor. It noted that India on the other hand developed many basmati and non-basmati varieties during the last few years. Due to this there are chances that traditional markets of Pakistan may prefer Indian rice, it said. Also due to increased costs of production, Pakistan farmers are not in a position to lower prices despite a global decline in prices.It also reiterated that Pakistan has not been following any import substitution policies under the multi-lateral trading arrangement of World Trade Organization (WTO) as they erode competitiveness. Tanzania Can Fulfil Rice Needs of Entire Region But its Export Potential Unrecognized, Says EAC Secretary General May 19, 2015
- 12. Daily Exclusive ORYZA Rice E-Newsletter 2015 www.ricepluss.com & www.riceplusmagazine.blogspot.com Page 12 Tanzania is capable of fulfilling the rice needs of entire East African Community (EAC) region but the government, rice growers and exporters do not recognize the country's export potential, local sources quoted the Secretary General of the EAC as saying.The official who was holding a consultative meeting with the business community members in Dar es Salaam last week told local sources that rice is the second most important and commercial crop in Tanzania after maize and is also a major source of employment, income and food security. The nation tops the EAC region in rice production with over one million tons annually. He however says, Tanzania still has a lot of underutilized production capacity and urged the private sector to participate in rice production and make optimal use of the potential. He also noted that the Tanzanian rice is specially recognized for its quality.The EAC Secretary General also noted that the rice production in the country is characterized by small and medium sized farmers with an average yield of 1.8 tons per hectares. He said while the potential rice area is estimated at around 2-3 million hectares, only 720,000 hectares is under use currently. The government has been providing a number of large scale mechanized rice schemes especially for export but are not properly utilized, he adds. He reminded that Tanzania's rice shipments had been banned in Kenya and Uganda for being mixed up with low quality Pakistani rice. He warned the traders not to lose their reputation by engaging in such unscrupulous acts. He said he would take up the matter with relevant authorities and ensure the ban is lifted soon.USDA estimates Tanzania to produce around 1.386 million tons of rice, basis milled, and export around 30,000 tons in MY 2014-15 (June 2014 - May 2015). Thai Former Prime Minister Pleads Innocence in Corruption Charges in Rice Pledging Scheme May 19, 2015 Thailand’s former Prime Minister Yingluck Shinawatra, who is facing charges of dereliction of duty in preventing multi-billion dollar graft in running the controversial rice pledging scheme introduced by her government in October 2011, has pleaded innocence in charges filed against her in the Supreme Court on the first day of the trial, according to Reuters.She has accused her enemies of purposefully creating charges against her with an intention to handicap her powerful family.
- 13. Daily Exclusive ORYZA Rice E-Newsletter 2015 www.ricepluss.com & www.riceplusmagazine.blogspot.com Page 13 The former PM has been granted 30 million baht ($900,000) bail on condition that she should not leave the country during the trial period without written permission. The court scheduled the next hearing for July 21, 2015.The Thai National Legislative Assembly (NLA) impeached the former Prime Minister on January 23, 2015 and banned her from active politics for next five years for encouraging corruption in the rice pledging scheme introduced by her government in October 2011. If proved guilty in the present case, she may have to face imprisonment for 10 years, according to local sources.