25th november,2014 daily exclusive oryza rice e-newsletter by riceplus magazine
TRANSCRIPT
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Daily Exclusive ORYZAE-NewsletterCompiled & Edited by Riceplus Magazine
www.ricep uss.c
November 25, 20
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News Headlines
News Detail
Vietnam Exports 5.55 Million Tons of Rice
During January 1 November 20, 2014
Vietnam Exports 5.55 Million Tons of Rice During
January 1
November 20, 2014
Oryza Afternoon Recap - Chicago Rough Rice
Futures Trade Lower as Bearish Grains Weigh on
the Market
Oryza U.S. Rough Rice Recap - Prices Hold Steady
on First Day of Short Week
Rice Price Volatility in Myanmar Can be Reduced
by Addressing Structural Causes, Says World Bank
Report
Asia Rice Quotes Mixed Today
UNISAME Calls for Efficient Planning and Diligent
Policies to Enhance Pakistan Rice Exports
TREA Seeks Government Intervention as Thai Hom
Mali Rice Prices Decline to One Year Low
Pakistan Rice Exporters Oppose Government Rice
Procurement Policy
Follow August 15 Deadline to Tackle Gall Midge
Infection in Rice Plants
Global Rice Quotes
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Nov 24, 2014
Vietnam exported around 5.549 million tons of rice in January 1 - November 20, 2014, down
about 10% from around 6.17 million tons of rice exported during January - November, 2013,according to data from the Vietnam Food Association (VFA). Average rice export price so far in
this year stands at around $436 per ton (FOB), up about $5 per ton from same time last year.
During November 1-20, 2014, Vietnam exported around 190,194 tons of rice, down about 54%
from around 410,423 tons rice exported in full month of November 2013, and down about 67%
from about 570,769 tons rice exported in full month of October 2014. Average export prices in
so far in November stands at around $439 per ton, down about 1% from a year ago, and down
about 6% per ton from a month ago.
Oryza Afternoon Recap -Chicago RoughRice Futures Trade Lower as Bearish Grains
Weigh on the Market
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Nov 24, 2014
Chicago rough rice futures for Jan delivery settled 15 cents per cwt (about $3 per ton) lower at
$12.445 per cwt (about $274 per ton). The other grains also closed lower today; Soybeans closed
about 0.5% lower at $10.3375 per bushel; wheat finished about 0.9% lower at $5.4225 perbushel, and corn finished the day about 1.4% lower at $3.6750 per bushel.U.S. stocks mostly
rose on Monday as investors drew cheer from central-bank action to boost the global economy
and from deal activity. Monday's economic data had the U.S. services sector expanding in
November at a slower rate than the prior month as growth in new business slowed.
Wavering on either side of neutral, the Dow Jones Industrial Average was lately down 12.98
points, or 0.1%, at 17,797.08. After coming less than 2 points from its intraday record hit Friday,
the S&P 500 was lately up 3.03 points, or 0.2%, at 2,066.53, with consumer discretionary and
technology leading gains and telecommunications and energy pacing losses among its 10 major
industry groups. The Nasdaq gained 28.20 points, or 0.6%, to 4,741.17. Gold is trading about0.1% lower, crude oil is seen trading about 0.7% lower, and the U.S. dollar is seen trading about
0.2% lower at about 1:00pm Chicago time.Friday, there were 283 contracts traded, down from
745 contracts traded on Thursday. Open interest the number of contracts outstanding on
Friday deceased by 100 contracts to 9,683.
Tags:chicago rough rice futures,U.S. rice prices,U.S. rice market
Oryza U.S. Rough Rice Recap -Prices Hold
Steady on First Day of Short WeekNov 24, 2014
The U.S. cash market was unchanged today as both buyers and sellers were unwilling to
compromise on price.
Analysts report that the bids and offers were roughly $0.25-$0.50 per cwt apart (about $6-$11
per ton).
Going forward, the markets focus will be on the latest Iraqi tender which will be awarded on
Friday, November 28, when the markets in the U.S. will be closed due to the Thanksgiving
holiday.
Tags:U.S. rice prices,U.S. rice market
http://c/tags/chicago-rough-rice-futureshttp://c/tags/chicago-rough-rice-futureshttp://c/tags/chicago-rough-rice-futureshttp://c/tags/us-rice-priceshttp://c/tags/us-rice-priceshttp://c/tags/us-rice-priceshttp://c/tags/us-rice-markethttp://c/tags/us-rice-markethttp://c/tags/us-rice-markethttp://c/tags/us-rice-priceshttp://c/tags/us-rice-priceshttp://c/tags/us-rice-priceshttp://c/tags/us-rice-markethttp://c/tags/us-rice-markethttp://c/tags/us-rice-markethttp://c/tags/us-rice-markethttp://c/tags/us-rice-priceshttp://c/tags/us-rice-markethttp://c/tags/us-rice-priceshttp://c/tags/chicago-rough-rice-futures -
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Rice Price Volatility in Myanmar Can be
Reduced by Addressing Structural Causes,
Says World Bank ReportNov 24, 2014
Rice prices in Myanmar
have increased by about 40% between
2009-2013 leading to food insecurity in
the country as well as export un-
competitiveness, according to the
recent World Bank report titled "Rice
Price Volatility and PovertyReduction. This enormous increase in
rice prices has impacted rice farmers'
incomes and most of them are close to
poverty income levels.
The authors of the report noted that rice price volatility in Myanmar is due to certain structural
changes and addressing these would reduce these volatilities. They say rice is grown in Myanmar
only in November and December and concentration of paddy production in just two months ofthe marketing year is prone to several climatic vagaries impacting production. Added to this,
existing conditions such as fragmented seed market, poor roads, inadequate communication,
unreliable market information, low export diversification, high storage costs and lack of post-
harvest facilities are also contributing to price volatilities.
They say spreading production evenly throughout the year could reduce impact of weather
vagaries and investment in modern rice mills and post-harvest facilities, communication facilities
as well as enhancing rice market value chain could stabilize prices in the long run. 'The World
Banks country director for Myanmar says, "There is a significant trade-off between lowering
price volatility with short-term measures and maintaining price competitiveness. Long-term
structural issues can be solved only through investments in agriculture and infrastructure,
improved business environment, and social safety nets. Open trade policy should be the one and
foremost policy goal for Myanmar.The report is the part of a series of reports produced by the
world Bank on Myanmars rice cultivation and industry.
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Tags:Myanmar rice sector,World Bank
Asia Rice Quotes Mixed Today
Nov 24, 2014
Thailand rice sellers increased their quotes for Hommali rice by about $15 per ton to around
$865 - $875 per ton today. India and Pakistan rice sellers lowered most of their quotes by about
$5 - $15 per ton today. Vietnam rice sellers kept their quotes mostly unchanged today.
5% Broken Rice
Thailand 5% rice is quoted at around $405 - $415 per ton, about $10 per ton premium on
Vietnam 5% rice shown at around $395 - $405 per ton. India 5% rice is quoted at around $395 -
$405 per ton, down about $15 per ton from Friday and about $15 per ton premium on Pakistan
5% rice quoted at around $380 - $390 per ton, down about $10 per ton from Friday.
25% Broken
Rice
Thailand 25% rice was last quoted at around $350 - $360 per ton, about $5 per ton discount to
Vietnam 25% rice shown at around $355 - $365 per ton.
India 25% rice is quoted at around $360 - $370, down about $10 per ton from Friday and about
$25 per ton premium on Pakistan 25% rice quoted at around $335 - $345 per ton, down about
$15 per ton from Friday.
Parboiled Rice
Thailand parboiled rice is quoted at around $405 - $415 per ton. India parboiled rice is quoted at
around $380 - $390 per ton, about $40 per ton discount to Pakistan parboiled rice quoted at
around $420 - $430 per ton, down about $5 per ton from Friday.
100% Broken Rice
Thailand broken rice, A1 Super, is quoted at around $330 - $340 per ton, about $10 per ton
premium on Vietnam 100% broken rice shown at around $320 - $330 per ton. India's 100%
broken rice is shown at around $305 - $315 per ton, down about $5 per ton from Friday and
about $10 per ton discount to Pakistan broken sortexed rice quoted at around $315 - $325 per
http://c/tags/myanmar-rice-sectorhttp://c/tags/myanmar-rice-sectorhttp://c/tags/myanmar-rice-sectorhttp://c/tags/world-bankhttp://c/tags/world-bankhttp://c/tags/world-bankhttp://c/tags/world-bankhttp://c/tags/myanmar-rice-sector -
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ton, down about $5 per ton from Friday.
Tags:Vietnam rice prices,Thailand rice prices,India rice prices,pakistan rice prices
UNISAME Calls for Efficient Planning and
Diligent Policies to Enhance Pakistan Rice
Exports
Nov 24, 2014
The Union of Small and Medium Enterprises
(UNISAME) has stressed the need for efficient and
advance planning as well diligent policies to increase
Pakistan rice exports as well as farmers' incomes,
according to a statement released by the organization.
The UNISAME appreciated the efforts of the Prime
Minister in providing subsidies to the basmati rice
farmers but said the Agriculture and Commerce
Ministries could have provided him with advance
information about the likely decline in demand andprices of basmati rice in the global market and provide
necessary and timely support to farmers. The President
of the UNISAME slammed both the ministries for lack
of foresight, coordination and integrated efforts to
overcome situations.
He noted that Pakistan's basmati rice exports face stiff competition from India and unless the
government takes some proactive measures, Pakistan may have eventually lose its markets to
India. He says Pakistan has failed to set up a payment policy with Iran, which is a very important
destination for Pakistan rice. Whereas India has a swap arrangement with Iran to buy oil and sellrice. Currently, Iran has suspended basmati rice imports citing adequate stocks as the reason. The
UNISAME President says in the current situation, India will be in a better situation once Iran
revives basmati rice imports.
The UNISAME President also noted that increased cost of production is another factor affecting
http://localhost/var/www/apps/conversion/tmp/scratch_2/tags/vietnam-rice-priceshttp://localhost/var/www/apps/conversion/tmp/scratch_2/tags/vietnam-rice-priceshttp://localhost/var/www/apps/conversion/tmp/scratch_2/tags/vietnam-rice-priceshttp://localhost/var/www/apps/conversion/tmp/scratch_2/tags/thailand-rice-priceshttp://localhost/var/www/apps/conversion/tmp/scratch_2/tags/thailand-rice-priceshttp://localhost/var/www/apps/conversion/tmp/scratch_2/tags/thailand-rice-priceshttp://localhost/var/www/apps/conversion/tmp/scratch_2/tags/india-rice-priceshttp://localhost/var/www/apps/conversion/tmp/scratch_2/tags/india-rice-priceshttp://localhost/var/www/apps/conversion/tmp/scratch_2/tags/india-rice-priceshttp://localhost/var/www/apps/conversion/tmp/scratch_2/tags/pakistan-rice-priceshttp://localhost/var/www/apps/conversion/tmp/scratch_2/tags/pakistan-rice-priceshttp://localhost/var/www/apps/conversion/tmp/scratch_2/tags/pakistan-rice-priceshttp://localhost/var/www/apps/conversion/tmp/scratch_2/tags/pakistan-rice-priceshttp://localhost/var/www/apps/conversion/tmp/scratch_2/tags/india-rice-priceshttp://localhost/var/www/apps/conversion/tmp/scratch_2/tags/thailand-rice-priceshttp://localhost/var/www/apps/conversion/tmp/scratch_2/tags/vietnam-rice-prices -
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the country's rice sector. Recently, export prices have plunged below production costs and the
famers are losing incomes.He also noted that several restrictions in Pakistan are depriving
Pakistan rice exporters in striking quick deals. For instance, Pakistan rice exporters have to get
their consignment approved by the Quality Review Committee (QRC) before shipping.
UNISAME had been for long seeking the closure of QPC, but it has not been closed so far. Indiadoes not have such pre-shipping restrictions, he adds. Due to these reasons, India is in a position
to offer relatively lower prices for overseas customers.
The UNISAME President had advised the Trade Development Authority of Pakistan (TDAP) to
conduct trade fairs in the Europe to promote Pakistan's basmati rice but the government has not
so far made successful attempts in this regard. On the other hand, Indian basmati brands have
been dominating several super markets.He noted that the government should take proactive and
long-term measures to increase exports and incomes of rice farmers instead of reacting to an
event.
Tags:Pakistan rice exports,Pakistan basmati rice exports
TREA Seeks Government Intervention as
Thai Hom Mali Rice Prices Decline to One
Year Low
Nov 24, 2014
Domestic prices of Thai premium Hom Mali rice
prices have declined to around 28,900 baht (around
$907.15) per ton in November this year, down
about 15% from around 33,235 baht (around
$1,043) per ton during the same time last year,
report local sources quoting data from the ThaiCommerce Ministry.
The export prices of Thai Grade B Hom Mali rice also declined about 18% year-on-year to one
year-low of around $863 per ton from around $1,053 per ton.The President of the Thai Rice
Exporters Association (TREA) noted that paddy prices for 2014-15 crop are almost 50% lower
than the prices offered by the previous government under the controversial rice pledging scheme.
http://c/tags/pakistan-rice-exportshttp://c/tags/pakistan-rice-exportshttp://c/tags/pakistan-rice-exportshttp://c/tags/pakistan-basmati-rice-exportshttp://c/tags/pakistan-basmati-rice-exportshttp://c/tags/pakistan-basmati-rice-exportshttp://c/tags/pakistan-basmati-rice-exportshttp://c/tags/pakistan-rice-exports -
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Currently, Hom Mali paddy is offered around 9,000 - 12,000 baht (around $274 - $365) per ton
from around 16,000 baht (around $487) per ton offered last year. Similarly, stick paddy is
offered around 7,000 - 8,000 baht (around $213 - $244) per ton compared to around 13,000 baht
(around $396) per ton last year.
He urged the government to intervene and push up paddy prices. He noted that the government
could encourage top rice exporters to buy at least 100,000 tons of rice from the current crop and
expand their stocks.Last month, the government asked exporters to delay sales of about 2 million
tons of rice to ensure that increased supplies from the upcoming harvest season do not put
downward pressure on prices. The government is expecting around 6 million tons of Hom Mali
rice from the current harvest.
The Commerce Minister told told local sources that the government will take certain measures to
stabilize the price of Thai Hom Mali rice at around 15,000 - 16,000 baht (around $457-$487) per
ton. The prescribed rate called the 'median rate' will be announced after approval from theNational Rice Policy Committee, he said. The Minister noted that millers and exporters should
buy Hom Mali rice from farmers at the 'median rate' and farmers are also educated about the
'median rate' so that they don't end up selling at a loss. He added that the duration of the 'median
price' will depend on global prices. However, such a median price had not been announced so
far.
Tags:Thailand rice Hom Mali rice prices,Thai rice Hom Mali rice export prices,All India Rice Exports
Association (TREA)
Pakistan Rice Exporters Oppose Government
Rice Procurement Policy
Nov 24, 2014
Pakistan rice exporters are opposing the rice procurement policy by the government saying it
would affect exports by the country as well as destabilize the private sector, which plays a vital
role in enhancing rice exports and earning foreign exchange to the country, according to localsources.The Chairman of the Rice Exporters Association of Pakistan (REAP) was quoted as
saying in a statement that the government's interference in the rice procurement activity to
guarantee high prices to farmers may lead to eventually losing traditional rice export markets.
He noted that when the government procures rice at high prices, it will not be ready to sell at
http://c/tags/thailand-rice-hom-mali-rice-priceshttp://c/tags/thailand-rice-hom-mali-rice-priceshttp://c/tags/thailand-rice-hom-mali-rice-priceshttp://c/tags/thai-rice-hom-mali-rice-export-priceshttp://c/tags/thai-rice-hom-mali-rice-export-priceshttp://c/tags/thai-rice-hom-mali-rice-export-priceshttp://c/tags/all-india-rice-exports-association-treahttp://c/tags/all-india-rice-exports-association-treahttp://c/tags/all-india-rice-exports-association-treahttp://c/tags/all-india-rice-exports-association-treahttp://c/tags/all-india-rice-exports-association-treahttp://c/tags/all-india-rice-exports-association-treahttp://c/tags/thai-rice-hom-mali-rice-export-priceshttp://c/tags/thailand-rice-hom-mali-rice-prices -
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lesser prices and may end up with huge stocks. He added that the government may have to
compromise later to get rid of the stocks.
The REAP Chairman reminded that the Pakistan
Agricultural Storage & Services Corporation (PASSCO)procured around 200,000 tons of rice at above-market
prices and could not sell those stocks even after six years.
Ultimately, the government had to incur losses to the
extent of Rs.24 billion (around $236 million). He also cited
the example of Thailand, which is currently facing losses
due to the rice pledging scheme implemented by the
previous government.He also noted that increased
government intervention in the rice sector may lead to loss
of huge foreign exchange as well as the credibility that the Pakistan exporters have earned all
these years. He therefore urged the government to allow private sector to play a significant rolein creating value to Pakistan's rice sector.
The REAP Chairman made these comments in the light of Pakistans rice sector facing several
problems due to increasing input prices, excessive load shedding and declining local prices. The
farmers have been demanding subsidies on seeds, fertilizers, land and electricity. Normally
governments intervene in such situations by offering to buy paddy from farmers at above-market
prices. Foreseeing such a move, the REAP Chairman cautioned the government not to procure
rice from farmers , rather he said the government may support the rice farmers and other
stakeholders through offering free seeds, free pesticides, free water, free fertiliser and free
electricity as well as through setting up adequate infrastructure and technology.
Tags:Pakistan rice sector,Pakistan rice exports,Pakistan rice farmers,Rice Exporters Association of Pakistan
(REAP)
Follow August 15 Deadline to Tackle Gall
Midge Infection in Rice Plants
Nov 24, 2014
In the concluding part of the two-part series on insects and pests that affect the rice
plant, Dr. N. Mallikharjuna Rao, Program Coordinator, Krishi Vigyan Kendra, Wyra,
Khammam District, talks about more deadly pests that infect the rice plant and the latest
management techniques available to tackle it.
http://c/tags/pakistan-rice-sectorhttp://c/tags/pakistan-rice-sectorhttp://c/tags/pakistan-rice-sectorhttp://c/tags/pakistan-rice-exportshttp://c/tags/pakistan-rice-exportshttp://c/tags/pakistan-rice-exportshttp://c/tags/pakistan-rice-farmershttp://c/tags/pakistan-rice-farmershttp://c/tags/pakistan-rice-farmershttp://c/tags/rice-exporters-association-pakistan-reaphttp://c/tags/rice-exporters-association-pakistan-reaphttp://c/tags/rice-exporters-association-pakistan-reaphttp://c/tags/rice-exporters-association-pakistan-reaphttp://c/tags/rice-exporters-association-pakistan-reaphttp://c/tags/rice-exporters-association-pakistan-reaphttp://c/tags/pakistan-rice-farmershttp://c/tags/pakistan-rice-exportshttp://c/tags/pakistan-rice-sector -
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Oryza: Gal l M idge is an equal ly notorious pest that af fects the ri ce plant. What are the
symptoms the farmer shoul d watch out f or?
Dr Mallikharjuna: The Gall midge (Orseolia oryza) adult is about the size of a mosquito, its
abdomen is bright red, while the males are darker in colour. It is a key pest of irrigated and
rainfed shallow lowland rice. It is endemic to many parts of India.
Damage symptoms:
- The maggots of this pest cause damage by feeding on the growing tips resulting in elongation
of the leaf sheath into a gall.
- The gall resembling an onion leaf, glistens in the field and hence called a "Silver shoot".
- The gall forming tiller does not bear a panicle.
- Early infestation results in profuse tillering of the plants, but most of these new tillers often
also become infested.
Oryza: What do you suggest towards management of the pest?
Dr Mallikharjuna: Early planting wherever possible is the best method of control. The crop
must complete tillering before August 15.
- If late planting is inevitable, gallmidge resistant varieties like
Surekha, Phalguna, Kavya, Polasa prabha, Siddi may be grown.
- If susceptible varieties are grown insecticidal treatment should be
given.
- Seven to ten days after sowing, apply Carbofuran 3G @ 16 Kg/ac
or Phorate 10 G @ 5 Kg/ac in a thin film of water or spray
monocrotophos @ 1.6 ml or chlorpyriphos 2ml/lt. of water twice at10 and 20 days after germination of seed.
- Apply carbofuran 3G @ 10Kg/acre or phorate 10 G @ 5 kg/acre,
at 15-20 days after planting if silver shoots are 5%.
Oryza: Rice thr ips is an equal ly annoying problem. What soluti ons do we have currently?
Dr Dr M allikharjuna: This pest, Stenchaetothrips biformis(Bagnall) occurs in rainfed rice and
most abundant during spells of dry weather. Both nymphs and adults suck the cell sap from
leaves.
Damage symptoms:
- Feeding of thrips causes yellowish streaks initially and the leaves curl longitudinally from the
margins inwards leading to sharply pointed leaf tips resembling that of needles, which finally
wither.
-In severely infested areas, the plants become lanky and present a sickly appearance.
- Infestation at panicle stage causes sterility.
Control measures:
-
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-Spray monocrotophos 1.6 ml or chlorpyriphos 2.5 ml/litre of water.
Rice hispa: The hispa,Dicladispa armigera(Oliver) is bluish balck in colour and has many
spines on its body. It is a minor pest earlier, presently it has attained key pest status in india.
Damage symptoms:- Grubs mine into the leaves and feed from within whereas adults feed by scraping the
chlorophyll content of leaves resulting in longitudinal white stripes.
- In severe epidemics, the leaves dry up gives burnt appearance.
Control measures:
-Clipping of leaf tips of rice seedlings at the time of transplantation.
- Spray profenophos @2ml or monocrotophos @1.6 ml or chlorpyriphos @ 2.5 ml/litre of water.
Oryza: Swarming caterpi l lar i s another pest that can cause severe damage especial ly in the
aftermath of a f lood. How should it be tackled?Dr Dr M allikharjuna: The swarming caterpillar, Spodoptera mauritiais an occasional pest. The
outbreaks occur immediately after floods, when the water recedes from the field.
Damage symptoms:
-Caterpillar feed voraciously on leaves by cutting off the leaf tips, leaf margins, leaf blade and
even the plants at base.
-The attacked paddy field gives a grazed appearance.
Control:
- Remove the weeds both in the field and on bunds
-Fill the paddy nursery with irrigation water to expose the larvae to predators like birds.
- Spray chlorpyriphos 2.5 ml or monocrotophos 1.6 ml/litre of water along with dichlorvos @1ml during evening hours.
Global Rice Quotes
November 24th, 2014
Long grain white rice - high quality
Thailand 100% B grade 420-430
Vietnam 5% broken 395-405 India 5% broken 395-405 Pakistan 5% broken 380-390 Cambodia 5% broken 455-465 U.S. 4% broken 540-550 Uruguay 5% broken 595-605 Argentina 5% broken 595-605
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Long grain white rice - low quality
Thailand 25% broken NQ Vietnam 25% broken 355-365
Pakistan 25% broken 335-345 Cambodia 25% broken NQ India 25% broken 360-370 U.S. 15% broken 510-520
Long grain parboiled rice
Thailand parboiled 100% stxd 405-415 Pakistan parboiled 5% broken stxd 420-430 India parboiled 5% broken stxd 380-390 U.S. parboiled 4% broken 580-590
Brazil parboiled 5% broken 570-580 Uruguay parboiled 5% broken NQ
Long grain fragrant rice
Thailand Hommali 92% 865-875 Vietnam Jasmine 530-540 India basmati 2% broken NQ Pakistan basmati 2% broken NQ Cambodia Phka Malis 835-845
Brokens
Thailand A1 Super 330-340 Vietnam 100% broken 320-330 Pakistan 100% broken stxd 315-325 Cambodia A1 Super NQ India 100% Broken stxd 305-315 Egypt medium grain brokens NQ U.S. pet food 445-455 Brazil half grain NQ
All prices USD per ton, FOB vessel, oryza.com