12th april,2016 daily exclusive oryza rice e-newsletter by riceplus magazine

8/18/2019 12th April,2016 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

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1Daily Exclusive ORYZA

Rice E-Newsletter

April 11,2016

Vol 7,Issu


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2Brazil Rice Stocks Increase Slightly m/m to92,276 Tons in March 2016

Apr 11, 2016

Brazil rice stocks stood at around 92,276 tons in March 2016, slightly up from around 92,260tons in February 2016 and down about 31% from around 134,255 tons in March 2015, accordingto the country's national grain supplying agency Conab.

According to Conab, rice stocks with the Selling Option Contract of Agricultural Products(OPCAO) stood at around 51,879 tons in March 2016, unchanged from February 2016 and downabout 36% from around 81,570 tons in March 2015.

Rice stocks with the Federal Government Acquisition (AGF) stood at around tons, slightly upfrom around 40,397 tons in February 2016 and down about 23% from around 52,213 tons inMarch 2015.

Rice stocks with farmers (Agricultural Familiar) were nil and unchanged from February 2016and down from around 472 tons in March 2015.


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3Brazil 2015-16 Paddy Rice Production toDecline 10% y/y to 11.16 Million Tons on

Lower Acreage, Says ConabApr 11, 2016

In its April 2016 forecast for rice production, Brazil’s National Grains Supply Company (Conab)forecasts the country's 2015-16 paddy rice production at around 11.167 million tons, down about10% from an estimated 12.44 million tons in 2014-15. Conab's paddy production forecast is alsoslightly down from its March forecast of around 11.215 million tons.

Conab estimates Brazil's 2015-16 paddy rice acreage at around 2.023 million hectares, downabout 12% from around 2.3 million hectares in 2014-15, and slightly down from its Marchforecast of around 2.029 million hectares. Rice acreage in the key rice growing area Centro-Sulregion is forecast at around 1.466 million hectares, down about 6% from an estimated 1.556million hectares in 2014-15, and slightly down from the last month’s forecast of around 1.48million hectares. On the other hand, paddy rice acreage in the North/North east regions is


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4forecast at around 560,000 hectares, down about 24% from an estimated 38,200 hectares in2014-15, and down about 13% from the last month's forecast of around 1.469 hectares.Conab estimates the average rice yield in Brazil in 2015-16 at around 5.52 tons per hectare, upabout 2% from around 5.4 tons per hectare recorded in last year and slightly down from itsMarch forecast of around 5.53 tons per hectare.

Pakistan Rice Exporters Plan to Increase

Basmati Rice Exports to Iran by 20-30%

Apr 11, 2016

Pakistan rice exporters are planning to increase basmati rice exports to Iran by about 20-30%following the lifting of international sanctions, The News quoted industry sources.

The Rice Exporters Association of Pakistan (REAP) is likely to send a delegation to Iran laterthis month to seek more trade opportunities with the neighboring nation. The 26-memberdelegation comprising of trade traders will also discuss the issues related to the condition of goodmanufacturing practices certification with the Iranian authorities.

“We see rice exports to up 20 to 30 percent. The efforts are underway from both the sides to

resolve the issues,” the REAP Chairman was quoted. He noted that resolution of certain issueslike payment mechanisms would help Pakistan break the current monopoly of Indian aromaticrice in Iran. “We are eager to regain our lost share of basmati rice to India,” he added.

Pakistan rice exporters are reportedly waiting for the banks to accept letter of credits fromIranian buyers and the facility of discounting of bills drawn on Iranian buyers. The PakistanCentral Bank has earlier this year advised Pakistan banks to take needed measures forestablishing banking relationship with Iranian banks.

Pakistan reportedly exported around 2,234 tons of rice worth $1.32 billion to Iran in FY 2014-15(July-June). Iran imports more than $2 billion worth basmati rice annually.

The South Asian nation exported around 2.895 million tons of rice in the first eight months ofFY 2015-16 (July 2015 - February 2016), up about 3% from around 2.55 million tons exportedduring the same period in FY 2014-15, according to provisional data from the Pakistan Bureau ofStatistics (PBS).

Separately, the Union of Small and Medium Enterprises (UNISAME) has urged the Ministry ofCommerce to speed up the revival of the basmati rice industry. The UNISAME Presidentsuggested that the government should facilitate basmati rice trade with third world countries. Henoted that exporters should be encouraged to insure their transaction risk through the financing


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5trade with third world countries by insuring the transaction risk through export credit guaranteeinsurance.The Official also suggested that the government should reduce the withholding tax on riceexports and remove the export development surcharge. He also noted that a currency swap

agreement with Iran would boost basmati rice exports to Iran.

Italian Farmer Discovers Purple Rice from

Natural Hybridization

Apr 11, 2016

A young farmer in Vercelli area in Italy discovered a purple colour rice variety called "Violet Nori."

The birth of the variety was random and was from natural hybridization. The process almost tookten years, according to local sources.

The farmer noticed it in the field, and then decided to pick it up, select it and market it. The purple colour is due to the presence of anthocyanins.

The variety will be registered in the European Catalogue of varieties with the denomination of"Violet Nori."

Scientists Discuss Development of Hyper-Efficient High-Yielding Rice Variety

Apr 11, 2016

Scientists have gathered in Australian capital Canberra to discuss about research on developingmore efficient rice, according to Weekly Times.

Under a project funded by the Bill and Melinda Gates Foundation, a global scientific team has begun a six-year research program to develop more productive rice varieties by supercharging

them with genes from corn plants using genetic modification techniques to substantially increasetheir photosynthetic ability.

Scientists say photosynthesis rice plants normally exhibit C3 photosynthesis process, but photosynthesis process in C4 plants such as corn is more effective for increasing the yield evenin extreme weather conditions like drought.

http://oryza.com/25174/scientists-aim-develop-hyper-efficient-drought-resistant-rice-varietyhttp://oryza.com/25174/scientists-aim-develop-hyper-efficient-drought-resistant-rice-varietyhttp://oryza.com/25174/scientists-aim-develop-hyper-efficient-drought-resistant-rice-varietyhttp://oryza.com/25174/scientists-aim-develop-hyper-efficient-drought-resistant-rice-varietyhttp://oryza.com/25174/scientists-aim-develop-hyper-efficient-drought-resistant-rice-varietyhttp://oryza.com/25174/scientists-aim-develop-hyper-efficient-drought-resistant-rice-variety


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6According to a Professor at the ARC Centre for Excellence in Translational Photosynthesisdirector at Australian National University in Canberra, produce 50% more yield than rice withthe same amount of water, light, temperature and carbon dioxide in the air.

“The reason the C4 plants operate more efficiently than the C3 plants is because they have a

biochemical supercharger which concentrates atmospheric carbon dioxide in specialised cells ofthe leaves and this results in double the rate of photosynthesis. They use about half as muchnitrogen per carbon fix compared to our traditional crops, such as rice and wheat. They use lesswater and they can have up to fivefold higher growth than the C3 plants,” he said.

Scientists are now working to replicate the C4 process in a rice plant so that it will produce moreyields and have greater drought-resistance.

Global Rice Quotes

April 12th, 2016

Long grain white rice - high quality

Thailand 100% B grade 380-390 ↔

Vietnam 5% broken 365-375 ↔

India 5% broken 370-380 ↔

Pakistan 5% broken 345-355 ↔

Myanmar 5% broken 415-425 ↔

Cambodia 5% broken 450-460 ↔

U.S. 4% broken 430-440 ↔

Uruguay 5% broken 435-445 ↔

Argentina 5% broken 425-435 ↔

Long grain white rice - low quality

Thailand 25% broken 360-370 ↔

Vietnam 25% broken 350-360 ↓

Pakistan 25% broken 310-320 ↔

Cambodia 25% broken 430-440 ↔

India 25% broken 330-340 ↓


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7U.S. 15% broken (sacked) 470-480 ↔Long grain parboiled rice

Thailand parboiled 100% stxd 370-380 ↔

Pakistan parboiled 5% broken stxd NQ ↔

India parboiled 5% broken stxd 345-355 ↔

U.S. parboiled 4% broken 480-490 ↔

Brazil parboiled 5% broken 490-510 ↔

Uruguay parboiled 5% broken NQ ↔

Long grain fragrant rice

Thailand Hommali 92% 670-680 ↔

Vietnam Jasmine 440-450 ↓

India basmati 2% broken NQ ↔

Pakistan basmati 2% broken NQ ↔

Cambodia Phka Mails 760-770 ↔

Brokens

Thailand A1 Super 330-340 ↔

Vietnam 100% broken 340-350 ↔

Pakistan 100% broken stxd 285-295 ↔

Cambodia A1 Super 345-355 ↔

India 100% broken stxd 275-285 ↔

Egypt medium grain brokens NQ ↔

U.S. pet food 315-325 ↔

Brazil half grain NQ ↔

All prices USD per ton, FOB vessel, oryza.com


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8Italy Releases List of Long A Paddy VarietiesGrown Locally in 2015

Apr 11, 2016

The Ente Nazionale Risi, the National Agency for Rice, has released a list of long A paddyvarieties grown in Italy in 2015, according to local sources.

About 60 varieties of Long A paddy varieties were grown in 2015. A total of 450,856 tons ofLong A paddy was grown during the year.

The most productive ones were Volano (63,004 tons), Luna Cl (56,414 tons), Dardo (36,030tons), Sant'Andrea (30,073 tons). On the other side, there were also some varieties such as Albaand Gigante with a very small productivity. Alba and Gigante totalled just 2 tons each last year.

The names of Italian long A varieties are: Aiace, Antares, Arborio, Archimede, Ariete, Augusto,Bacco, Barone Cl, Bertone, Cammeo, Caravaggio, Carnaroli, Carnise, Carnise precoce,Casanova, Catullo, Creso, Dardo, Elba, Ercole, Eurosis, Fedra, Fenice, Galileo, Generale,Gigante, Gloria, karnak, Keope, Kolorado, Lice, Loto, Luna Cl, Marisma, Meco, Nembo, Nemesi Cl, Neve, Onice, Opale, Pato, Poseidone, Presto, Proteo, Puma, Risrus, Roma, Rombo,Ronaldo, Sant'Andrea, Scirocco, teti, Ulisse, Unico (Cigno), Vasco, Volano.

Pakistan Basmati Rice Export Prices Decline

9% m/m in March 2016Apr 11, 2016

Average Pakistan basmati rice export price has declined in March 2016, after increasing for threeconsecutive months, according to the UN's Food and Agriculture Organization (FAO).

In March 2016, average Pakistan's basmati rice export prices have declined by about 8.5% toaround $681 per ton from around $745 per ton in February 2016, and down about 31% from theiryear-ago levels of around $985 per ton. In terms of local currency, average Pakistan basmati rice prices in March 2016 declined about 8% to around PKR 71,267 per ton from around PKR 77,110 per ton in February 2016, and down about 28% from around PKR 99,485 per ton in March 2015.

The average basmati rice exports declined about 24% to around $720 per ton in the first threemonths of 2016 from around $946 per ton during the same period last year.

Decline in prices can be attributed to a slowdown in demand.


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9

Pakistan exported around 261,984 tons of basmati rice in the first eight months of FY 2015-16(July 2015 - February 2016), down about from around 327,387 tons exported during the same period last year, according to provisional data from the Pakistan Bureau of Statistics (PBS).

Myanmar Hopes to Increase Rice Exports to

4 Million Tons by 2020

Apr 11, 2016

Myanmar is expecting to increase its rice exports to about 4 million tons by 2020 as moremarkets would be explored, according to Bernama citing China's Xinhua News Agency.

"We expect to export about two million tonnes for this fiscal year 2016-2017. Moreover, weexpect the export to reach four million tonnes in 2020 if we can explore more markets," the VicePresident of the Myanmar Rice Federation (MRF) was quoted.

As the MRF aims to seek new markets, he urged that newly appointed Agricultural Minister tosign

government-to-government agreements with foreign countries to boost rice exports.


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10He also noted that memorandum of understandings (MoUs) signed with China, Indonesia and thePhilippines last year have expired and so he urged the ne Minister to amend these MoUs as wellas sign a new MoU with Japan this year.

The Commerce Ministry data shows that Myanmar has exported about 1.037 million tons in the

first eleven months of FY 2015-16, down about 17% from around 1.255 million tons exportedduring the same period last year. Myanmar exported 1.84 million tons of rice in FY 2014-15,with China accounting for about 70% of the country's exports.

Oryza U.S. Rough Rice Recap - Prices Slip as

Traders Wait for IGB Results

Apr 12, 2016

The U.S. cash market was slightly weaker today with bids and offers falling with the futuresmarket. Analysts note that market participants eagerly await the results of the latest Iraqi tenderwhich will likely help determine U.S. prices in the near term.

The USDA estimates that as of April 10, 32% of the crop had been planted which was 9% aheadof this time last year and 6% ahead of the previous 5-year average. As of now, the USDAestimates that 33% of the rice crop in Arkansas had been planted compared to, 0% in California,67% in Louisiana, 26% in Mississippi, 11% in Missouri, and 65% in Texas.

The USDA estimates that 12% of the crop has emerged which was 1% ahead of this time lastyear but 1% behind of the previous 5-year average. As of now, the USDA estimates that 3% ofthe rice crop in Arkansas has emerged compared to 0% in California, 47% in Louisiana, 3% inMississippi, 0% in Missouri, and 44% in Texas

Oryza CBOT Rough Rice Futures Recap -

Chicago Rough Rice Futures Start the Week

out on a Negative Tone as Market Sees

Double Digit Loss

Apr 12, 2016

Chicago rough rice futures for May delivery settled 10.5 cents were cwt (about $2 per ton) lowerat $9.845 per cwt (about $217 per ton). The other grains finished the day with mixed results;Soybeans closed about 1.3% lower at $9.2825 per bushel; wheat finished about 2.8% lower at$4.4725 per bushel, and corn finished the day about 1.5% lower at $3.5675 per bushel.


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11U.S. stocks traded slightly higher Monday, helped by stabilization in oil prices and gainsoverseas, as investors awaited earnings season. Materials and financials led S&P 500 advancerswhile telecommunications and health care were among the greatest decliners. European stocksended off session highs, while the STOXX Europe 600 Bank index outperformed. Fresh reportssupported hopes the Italian government will soon form a plan to set up a state-backed fund that

will buy bad loans held by the country's banks. The Shanghai composite jumped more than 1.6%amid some encouraging inflation data. No major U.S. data is due Monday. Retail sales andinflation data are expected later in the week. Asian stocks closed mixed overnight, with the Nikkei 225 falling 0.44% while the Shanghai composite gained more than 1.6%. In afternoontrade, the Dow Jones industrial average added 91 points, or 0.52%, to 17,668. The S&P 500gained 8 points, or 0.4%, to 2,055, with materials leading six sectors higher andtelecommunications the greatest decliner. The Nasdaq composite rose 23 points, or 0.25%, to4,874. Gold is seen trading about 1.1% higher, crude oil is seen trading about 1% higher, and theU.S. dollar is seen trading about 0.2% lower at about 1:00pm Chicago time.

Friday, there were 1,605 contracts traded, up from 378 contracts traded on Thursday. Open

interest – the number of contracts outstanding – on Friday increased by 124 contracts to 13,315.

Vietnam Rice Exports to African Destinations

Decline Sharply in February 2016, Reports

USDA Post

Apr 11, 2016


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12Vietnam has exported around 451,927 tons of rice in February 2016, up about 11% from around508,153 tons exported in January 2015, and about 1.5 times from around 182,400 tons exportedin February 2015, reports USDA Post based on data from the General Customs Office and the

Vietnam Food Association (VFA). Vietnamese rice exports to African, American, European andAustralian destinations declined sharply during the month.

Asia accounted for around 400,269 tons (about 88.5% of total rice exports by Vietnam inFebruary 2016) during the month. Month-on-month, Vietnam's rice exports to Asian destinationsincreased about 24% from around 322,076 tons exported in January 2016. Year-on-year, theyincreased about 3.5 times from around 112,818 tons exported in February 2015.

Vietnam exported around 10,534 tons of rice to Africa (about 2.3% of total February 2016exports) in February 2016, down about 88% from around 88,802 tons exported in January 2016,and down about 29% from around 14,798 tons exported in February 2015.

Vietnam exported around 33,123 tons of rice to American destinations (about 7.3% of January2016 exports), down about 61% from around 84,732 tons exported in January 2016, and downabout 2% from around 33,587 tons exported in February 2015.

Vietnam's exports to Australia (about 1.4% of February 2016 exports) declined about 33% toaround 6,347 tons in February 2016 from around 9,464 tons exported in January 2016 andincreased about 73% from around 3,659 tons exported in February 2015.

Vietnam's exports to Europe and CIS countries (about 0.3% of total February 2016 exports)accounted for around 1,654 tons in February 2016, down about 46% from around 3,079 tons

exported in January 2016 and down about 91% from around 17,538 tons exported in February2015.

In terms of grade, 5% broken rice exports accounted for around 97,586 tons (or, about 292% oftotal February 2016 exports); Jasmine rice exports accounted for around 48,434 tons (or, about11% of total February 2016 exports); 15% broken rice exports accounted for around 186,134tons (or, about 41% of total exports in February 2016); 25% broken rice exports accounted foraround 70,055 tons (or, about 16% of total exports in February 2016); glutinous rice exportsaccounted for around 37,218 tons (or, about 8% of total February 2016 exports); and 10%, 100%and other varieties accounted for around 12,500 tons (or, about 3% of total exports in February2016).


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13Thailand Rice Sellers Increase Some TheirQuotes Today; Other Asia Rice Quotes

UnchangedApr 11, 2016

Thailand rice sellers increased their quotes for 25% broken rice and Hommali rice by about $5 per ton each to around $360-$370 per ton and $670-$680 per ton respectively today. Other Asiarice sellers kept their quotes unchanged.

5% Broken Rice

Thailand 5% rice is indicated at around $370 - $380 per ton, about $5 per ton premium on

Vietnam 5% rice shown at around $365 - $376 per ton. India 5% rice is indicated at around $370- $380 per ton, about $25 per ton premium on Pakistan 5% rice shown at around $345 - $355 perton.

25% Broken Rice

Thailand 25% rice is indicated at around $360 - $370 per ton, about $5 per ton premium onVietnam 25% rice shown at around $355- $65 per ton. India 25% rice is indicated at around$335- $345 per ton, about $25 per ton premium on Pakistan 25% rice shown at around $310 -$320 per ton.

Parboiled Rice

Thailand parboiled rice is indicated at around $370 - $380 per ton. India parboiled rice isindicated at around $345 - $355 per ton, about $60 per ton discount to Pakistan parboiled ricelast shown at around $405 - $415 per ton.

100% Broken Rice

Thailand broken rice, A1 Super is indicated at around $330 - $340 per ton, about $10 per tondiscount to Vietnam 100% broken rice shown at around $340 - $350 per ton. India's 100% broken rice is shown at around $275 - $285 per ton, about $10 per ton discount to Pakistan broken sortexed rice shown at around $285 - $295 per ton.

ORYZA News have been published with permission of ORYZA.com with thanks

12th april,2016 daily exclusive oryza rice e-newsletter by riceplus magazine

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