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17th december,2015 daily exclusive oryza rice e newsletter by riceplus magazine
1. Daily Exclusive ORYZA Rice E-Newsletter
1
www.ricepluss.com www.riceplusmagazine.blogspot.com
December 17 ,2015
Vol 5,Issue XII
2. Daily Exclusive ORYZA Rice E-Newsletter
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Laos Plans to Export Over 10,000 Tons of
Rice to China Yearly
Dec 15, 2015
Laos, which officially exported its first batch of rice to China last week, is planning to increase
its rice exports to China to over 10,000 tons a year, according to Reuters.
The Lao's Savannkhet province received an order for 8,000 tons of rice from China recently. The
Governor of the Province told reporters that they are aiming to increase production to meet the
export demand.
He noted that the current export quota to China is only 8,000 tons but they are seeking to
enhance the quota due to the higher purchasing power of the Chinese. According they are
planning to increase the production of quality rice over the next few years.
The current rice export scheme is being run by the Lao-China cooperation project, which was
signed by the Chinese government and the provincial authorities to boost bilateral cooperation in
the field of agriculture.
Laos unofficially sells 300,000 to 400,000 tons of paddy rice to neighboring countries through
land borders every year.
The UN's FAO estimates Laos 2015 paddy rice production to increase about 3% y/y to around
3.4 million tons. The USDA estimates Laos to producer around 2.976 million tons of paddy rice
(around 1.875 million tons, basis milled) from around 958,000 hectares in 2015.
India Rice Export Earnings Decline Sharply
in First Seven Months of FY 2015-16
Dec 16, 2015
India's total rice export earnings have declined to around $3.57 billion in the first seven months
(April - October) of FY 2015-16, down about 20% from around $4.49 billion during the same
period in FY 2014-15, according to data from the Agricultural and Processed Food Products
Export Development Authority (APEDA).
India's total rice exports (basmati and non-basmati) in the first seven months of FY 2015-
16 have declined about 3% to around 6.2 million tons from around 6.39 million tons during the
same period in FY 2014-15.
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The decline in earnings is sharp compared to the decline in tonnage due to a significant decline
in average export prices, according to the APEDA. Average basmati rice export prices declined
by about 34% to around $910 per ton during the seven-month period from around $1,385 per ton
last year. On the other hand, average non-basmati rice prices declined about 12% to around $366
per ton in April-October 2015 period from around $415 per ton last year.
India exported around 2.39 million tons of basmati rice in April-October 2015 period, up about
26% from around 1.89 million tons exported during the same period last year. The sub-continent
exported around 3.82 million tons of non-basmati rice in the seven-month period, down about
15% from around 4.49 million tons last year. The decline in non-basmati rice exports can be
attributed to a stiff competition with Thailand, Vietnam and Pakistan.
Earnings from basmati rice exports have declined to around $2.17 billion in April-October 2015
period from around $2.62 billion during the same period last year. Earnings from non-basmati
rice exports have declined to around $1.4 billion in April-October 2015 period from around
$1.87 billion during the same period last year.
Global Rice Quotes
December 16th, 2015
Long grain white rice - high quality
Thailand 100% B grade 350-360 β
Vietnam 5% broken 370-380 β
India 5% broken 355-365 β
Pakistan 5% broken 330-340 β
Myanmar 5% broken 410-420 β
Cambodia 5% broken 425-435 β
U.S. 4% broken 480-490 β
Uruguay 5% broken 520-530 β
Argentina 5% broken 515-525 β
Long grain white rice - low quality
Thailand 25% broken 335-345 β
Vietnam 25% broken 355-365 β
Pakistan 25% broken 300-310 β
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Cambodia 25% broken 400-410 β
India 25% broken 330-340 β
U.S. 15% broken 500-510 β
Long grain parboiled rice
Thailand parboiled 100% stxd 345-355 β
Pakistan parboiled 5% broken stxd 405-415 β
India parboiled 5% broken stxd 350-360 β
U.S. parboiled 4% broken 500-510 β
Brazil parboiled 5% broken 545-555 β
Uruguay parboiled 5% broken NQ β
Long grain fragrant rice
Thailand Hommali 92% 690-700 β
Vietnam Jasmine 450-460 β
India basmati 2% broken NQ β
Pakistan basmati 2% broken NQ β
Cambodia Phka Mails 830-840 β
Brokens
Thailand A1 Super 320-330 β
Vietnam 100% broken 335-345 β
Pakistan 100% broken stxd 290-300 β
Cambodia A1 Super 355-365 β
India 100% broken stxd 285-295 β
Egypt medium grain brokens NQ β
U.S. pet food 280-290 β
Brazil half grain NQ β
All prices USD per ton, FOB vessel, oryza.com
5. Daily Exclusive ORYZA Rice E-Newsletter
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Asian Rice Quotes Mixed Today
Dec 16, 2015
Vietnam rice sellers have increased their quotes for 100% broken rice variety by about $5 per
ton to around $335 - $345 per ton today. India rice sellers increased their quotes for 25% broken
rice and 100% broken rice varieties by about $5 per ton each to around $330 - $340 per ton, $285
- $295 per ton respectively. Pakistan rice sellers lowered their quotes for 5% broken rice and
25% broken rice varieties by about $5 per ton each to around $330 - $340 per ton and $300 -
$310 per ton respectively. Other Asian rice sellers have kept their quotes unchanged today from
yesterday.
5% Broken Rice
Thailand 5% rice is indicated at around $340 - $350 per ton about $30 per ton discount on
Vietnam 5% rice shown at around $370 - $380 per ton. India 5% rice is indicated at around $355
- $365 per ton, about $25 per ton premium on Pakistan 5% rice shown at around $330 - $340 per
ton.
25% Broken Rice
Thailand 25% rice is indicated at around $335 - $345 per ton, about $20 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 $30 per ton premium on Pakistan 25% rice shown at around $300 -
$310 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $345 - $355 per ton. India parboiled rice is
indicated at around $350 - $360 per ton, about $55 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 $320 - $330 per ton, about $15 per ton
discount to Vietnam 100% broken rice shown at around $335 - $345 per ton. India's 100%
broken rice is shown at around $285 - $295 per ton, about $5 per ton discount to Pakistan broken
sortexed rice shown at around $290 - $300 per ton.
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Oryza U.S. Rough Rice Recap - Offers from
Resellers Inch Higher with the Futures
Market
Dec 17, 2015
The U.S. cash market was slightly firmer today with offers from resellers increasing with the
futures market; however, most farmers remain on the sidelines, waiting for prices to improve.
Analysts note that buyers and sellers remain about $0.50-$1.00 per cwt apart on price and they
do not expect that to change between now and the first of the year.
Oryza CBOT Rough Rice Futures Recap -
Chicago Rough Rice Futures Recover from
Early Loss; FOMC Raises Rates, Pressuring
US Grain Prices
Dec 17, 2015
Chicago rough rice futures for Jan delivery settled 5.5 cents per cwt (about $1 per ton) higher at
$10.955 per cwt (about $242 per ton). The other grains finished the day lower; Soybeans closed
about 0.5% lower at $8.6325 per bushel; wheat finished about 2.2% lower at $4.8350 per bushel,
and corn finished the day about 2% lower at $3.6975 per bushel.
U.S. stocks traded higher Wednesday, amid pressure from low oil prices, after the Federal
Reserve raised rates for the first time in nearly a decade. The U.S. central bank was widely
expected to raise the fed funds rate by a quarter point Wednesday, while emphasizing that the
pace of tightening will be gradual. The hike was the first since June 2006. In economic news,
housing starts rose 10.5% in November, while building permits rose 11%.
Mortgage refinances rose 1% on rate fears. U.S. industrial production saw its sharpest decline in
more than three and a half years in November as utilities dropped sharply, a sign of weakness
that could moderate fourth-quarter growth. Industrial output slipped 0.6% after a downwardly
revised 0.4% dip in October, the Federal Reserve said in a Reuters report Wednesday, marking
the third straight month of declines. Capacity utilization was 77.0%.With about half an hour to
the Fed announcement, the Dow Jones industrial average traded up 34 points, or 0.2%, to 17,558.
The S&P 500 traded up 7 points, or 0.36%, at 2,050, with utilities leading seven advancers and
energy the greatest decliner. The Nasdaq composite rose 12 points, or 0.24%, to 5,007. Gold is
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seen trading about 0.7% higher, crude oil is seen trading about 4.8% lower, and the U.S. dollar is
seen trading slightly higher at about 1:00pm Chicago time.
Tuesday, there were 1,232 contracts traded, down from 2,072 contracts traded on Monday. Open
interest β the number of contracts outstanding β on Tuesday increased by 16 contracts to 15,297.
Thai Commerce Minister Expects 2015 Rice
Export Earnings to Fall Below Target
Dec 16, 2015
Thailand's Commerce Minister is expecting earnings from the 2015 rice exports to decline to
around $4.85 billion compared to the targeted $5.1 billion, Reuters quoted local sources.
The Minister, however, told reporters that the government is hopeful of achieving the 10 million
ton rice export target this year. She noted that the Ministry set a target of exporting 10 million
tons worth $5.1 billion, but is expecting the actual exports to reach 10 million tons, but of worth
$4.85 billion.
The fall in earnings can be attributed to a decline in export rice prices. Prices of Thai 100% B
rice fell about 16% to around $355 per ton compared to around $425 last year.
She noted that rice exports would face many challenges in 2016 due to "extending drought
conditions, anticipated low oil and commodity prices and weak purchasing power of importing
countries due to the global economic slowdown."
Owing to the expected challenges, the Ministry set an export target of 9 million tons worth $4.78
billion, she said. "The Thai government was pursuing new rice deals with many countries
including China, Indonesia, the Philippines, South Africa, Iraq and Iran. Next year it wants to
expand premium rice shipments into high-purchasing-power markets such as Hong Kong,
Singapore and Japan," she was quoted.
The Thai government is still facing the challenge of selling 13 million tons of stockpiled rice. It
aims to clear the stocks over the next two years.
Rice Stocks in Philippines Increase Sharply
in November 2015
Dec 16, 2015
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Rice stocks in the Philippines continued to increase for the second consecutive month in
November 2015 after declining for four months continuously, according to the Bureau of
Agricultural Statistics (BAS). The increase can be attributed to increasing imports.
Total rice stocks in the Philippines as of November 1, 2015 stood at around 3.11 million tons, up
about 41% from around 2.2 million tons recorded on October 1, 2015, and up about 5% from
around 2.95 million tons recorded during the same period last year.
According to the BAS, household stocks (which account for about 48.8% of total rice stocks in
the country) stood at around 1.52 million tons as of November 1, 2015, down about 6% from
year-ago levels of around 1.62 million tons. Commercial warehouse rice stocks (which account
for about 28.4% of total stocks) have reached around 880,000 tons as of November 1, 2015,
down about 2% from their year-ago levels of around 900,000 tons. The rice stocks with the
National Food Authority (NFA) (which account for 22.8% of total stocks) stood at around
710,000 tons, up about 65% from around 430,000 tons recorded in October 2014.
Month-on-month, household rice stocks are up about 95%, commercial warehouse rice stocks are
up about 31% and NFA rice stocks - in which about 88.3% are imported rice - are down about
5%, according to the BAS.
The BAS says that the Philippines' rice stocks as of November 1, 2015 are enough to last for 91
days (household and household stocks are enough for 44 days, commercial warehouses stocks
are enough for 26 days and stocks with NFA are enough for 21 days).
Exclusive News have been shared with written permission of ORYZA.com with thanks