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29th october,2015 daily exclusive oryza rice e newsletter by riceplus magazine
1. Page 1 of 5
Daily Exclusive ORYZA Rice E-Newsletter
Contents are published with permission of ORYZA.com
Vol 5.Issue XV
October 29, 2015
Daily Exclusive ORYZA Rice E-Newsletter
2. Page 2 of 5
Daily Exclusive ORYZA Rice E-Newsletter
Contents are published with permission of ORYZA.com
Guyana Explores New Markets for its Rice
after Losing Venezuela Deal
Oct 28, 2015
The government of Guyana is exploring newer markets after Venezuela decided to discontinue
the PetroCaribe deal with the neighboring nation, according to Guyana News Network.
The Agriculture Ministry is reportedly negotiating with the governments of Mexico, Haiti and
the Bahamas in this regard. The Subject Minister noted that Bahamas and Haiti have expressed
interest in buying Guyana rice. He noted that currently Guyana sells rice to nearly 50 countries
across the world.
The Minister stated that the government successfully secured an extended deal with Panama to
supply 7,200 tons per month. Under the earlier deal, Guyana was required to export 4,000 tons
per month to Panama.
Guyana aims to produce about 618,000 tons of milled rice and export around 521,000 tons in
2015. Guyana has exported around 501,208 tons of rice in 2014, up about 27% from around
394,000 tons exported in 2013, according to data from the Agriculture Ministry.
Oryza CBOT Rough Rice Futures Recap -
Chicago Rough Rice Futures Continue to
Tumble as Bearish Momentum Drags Prices
Lower
Oct 28, 2015
Chicago rough rice futures for Jan delivery settled 20 cents per cwt (about $4 per ton) lower at
$11.685 per cwt (about $258 per ton). The other grains finished the day in the red; Soybeans
closed about 0.9% lower at $8.8275 per bushel; wheat finished about 0.6% lower at $5.0600 per
bushel, and corn finished the day about 1.1% lower at $3.7600 per bushel.
U.S. stocks tried to hold slight gains after briefly turning lower in choppy trade Wednesday as
investors scrutinized the Fed statement for indications on the timing of a rate hike. The Federal
Reserve kept interest rates unchanged in its statement released at the conclusion of its two-day
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Daily Exclusive ORYZA Rice E-Newsletter
Contents are published with permission of ORYZA.com
meeting. The euro weakened against the dollar to trade below $1.10, with the yen at 120.96 yen
against the dollar. In a light day of economic reports, weekly mortgage applications fell 3.5% on
a seasonally adjusted basis. The U.S. advance September goods trade deficit was $58.63 billion.
European stocks closed higher, with the DAX and STOXX Europe 600 up more than 1%, helped
by the intraday recovery in oil prices. Asian stocks closed mostly lower as earlier declines in oil
weighed but Japan's Nikkei gained amid hopes of further stimulus from the central bank's
meeting later this week. The Dow Jones Industrial Average advanced 107 points, or 0.61%, to
17,689. The S&P 500 traded up 15 points, or 0.72%, at 2,080, with energy leading eight sectors
higher and consumer staples and utilities the only decliners. The Nasdaq traded up 39 points, or
0.77%, at 5,068. Gold is trading about 0.8% lower, crude oil is seen trading about 6% higher, and
the U.S. dollar is seen trading about 0.7% higher about 1:00pm Chicago time.
Tuesday, there were 3,190 contracts traded, up from 2,494 contracts traded on Monday. Open
interest β the number of contracts outstanding β on Tuesday decreased by 340 contracts to
12,747.
Thailand Rice Sellers Increase Some of Their
Quotes Today; Other Asian Quotes Remain
Unchanged
Oct 28, 2015
Thailand rice sellers have increased their quotes for glutinous rice variety by about $15 per ton to
around $675 - $685 per ton today. Other Asian rice sellers kept their quotes unchanged today.
5% Broken Rice
Thailand 5% rice is indicated at around $355 - $365 per ton about $15 per ton discount on
Vietnam 5% rice shown at around $370 - $380 per ton. India 5% rice is indicated at around $350
- $360 per ton, about $45 per ton premium on Pakistan 5% rice shown at around $305 - $315 per
ton.
25% Broken Rice
Thailand 25% rice is indicated at around $330 - $340 per ton, about $25 per ton discount on
Vietnam 25% rice shown at around $355- $365 per ton. India 25% rice is indicated at around
$330 - $340 per ton, about $50 per ton premium on Pakistan 25% rice shown at around $280 -
$290 per ton.
Parboiled Rice
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Daily Exclusive ORYZA Rice E-Newsletter
Contents are published with permission of ORYZA.com
Thailand parboiled rice is indicated at around $360 - $370 per ton. India parboiled rice is
indicated at around $340 - $350 per ton, about $65 per ton discount to Pakistan parboiled rice
last shown at around $405 - $415 per ton.
100% Broken Rice
Thailand broken rice, A1 Super is indicated at around $305 - $315 per ton, at par with Vietnam
100% broken rice shown at around $305 - $315 per ton. India's 100% broken rice is shown at
around $285 - $295 per ton, about $10 per ton premium on Pakistan broken sortexed rice shown
at around $275 - $285 per ton.
Global Rice Quotes
October 29th, 2015
Long grain white rice - high quality
Thailand 100% B grade 360-370 β
Vietnam 5% broken 370-380 β
India 5% broken 350-360 β
Pakistan 5% broken 305-315 β
Myanmar 5% broken 415-425 β
Cambodia 5% broken 415-425 β
U.S. 4% broken 490-510 β
Uruguay 5% broken 535-545 β
Argentina 5% broken 530-540 β
Long grain white rice - low quality
Thailand 25% broken 330-340 β
Vietnam 25% broken 355-365 β
Pakistan 25% broken 280-290 β
Cambodia 25% broken 400-410 β
India 25% broken 330-340 β
U.S. 15% broken 500-510 β
5. Page 5 of 5
Daily Exclusive ORYZA Rice E-Newsletter
Contents are published with permission of ORYZA.com
Long grain parboiled rice
Thailand parboiled 100% stxd 360-370 β
Pakistan parboiled 5% broken stxd 405-415 β
India parboiled 5% broken stxd 340-350 β
U.S. parboiled 4% broken 590-610 β
Brazil parboiled 5% broken 545-555 β
Uruguay parboiled 5% broken NQ β
Long grain fragrant rice
Thailand Hommali 92% 815-825 β
Vietnam Jasmine 475-485 β
India basmati 2% broken NQ β
Pakistan basmati 2% broken NQ β
Cambodia Phka Mails 830-840 β
Brokens
Thailand A1 Super 305-315 β
Vietnam 100% broken 305-315 β
Pakistan 100% broken stxd 275-285 β
Cambodia A1 Super 355-365 β
India 100% broken stxd 285-295 β
Egypt medium grain brokens NQ β
U.S. pet food 330-340 β
Brazil half grain NQ β
All prices USD per ton, FOB vessel, oryza.com