9th june (tuesday),2015 daily exclusive oryza rice e newsletter by riceplus magazine
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Riceplus Magazine shares daily International RICE News for global Rice Community. We publish daily two newsletters namely Global Rice News & ORYZA EXCLUSIVE News for readers .You can share any development news for readers. Share your rice and agriculture related research write up with Riceplus Magazine contact [email protected] , [email protected] For Advertisement & Specs [email protected]TRANSCRIPT
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June 9 ,2015
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Global Rice Quotes June 9th, 2015
Long grain white rice - high quality
Thailand 100% B grade 365-375 ↔
Vietnam 5% broken 350-360 ↔
India 5% broken 375-385 ↔
Pakistan 5% broken 390-400 ↓
Myanmar 5% broken 415-425 ↔
Cambodia 5% broken 430-440 ↔
U.S. 4% broken 465-475 ↔
Uruguay 5% broken 565-575 ↔
Argentina 5% broken 555-565 ↔
Long grain white rice - low quality
Thailand 25% broken 340-350 ↔
Vietnam 25% broken 330-340 ↔
Pakistan 25% broken 350-360 ↔
Cambodia 25% broken 410-420 ↔
India 25% broken 360-370 ↔
U.S. 15% broken 455-465 ↔
Long grain parboiled rice
Thailand parboiled 100% stxd 360-370 ↓
Pakistan parboiled 5% broken stxd 410-420 ↔
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India parboiled 5% broken stxd 355-365 ↔
U.S. parboiled 4% broken 555-565 ↔
Brazil parboiled 5% broken 570-580 ↔
Uruguay parboiled 5% broken NQ ↔
Long grain fragrant rice
Thailand Hommali 92% 840-850 ↔
Vietnam Jasmine 475-485 ↓
India basmati 2% broken NQ ↔
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Mails 820-830 ↔
Brokens
Thailand A1 Super 315-325 ↔
Vietnam 100% broken 315-325 ↔
Pakistan 100% broken stxd 295-305 ↔
Cambodia A1 Super 350-360 ↔
India 100% broken stxd 280-290 ↔
Egypt medium grain brokens NQ ↔
U.S. pet food 365-375 ↔
Brazil half grain NQ ↔
All prices USD per ton, FOB vessel, oryza.com
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Philippines Agriculture Ministry
Recommends Water-Saving Rice Cultivation
Methods Amid El Nino Fears
Jun 08, 2015
The Philippines Department of Agriculture (DA) is recommeding the use of water-saving rice
cultivation tehniques such as Alternate Wetting and Drying (AWD) and Aerobic cultivation
which can significantly reduce water usage for farmers amid fears of an impending El Nino,
according to the Philippines government website.
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In AWD, rice farmers can dry out their fields occasionally, but have to ensure that the water
content in the soil is sufficient enough for the rice crop to sustain. In this technique, farmers use a
plastic or bamboo pipe of 40 centimeters length and about 15 centimeters diameter with drilled
holes. The tube, which can be used to measure water content in the soil, is inserted into the
unflodded soil such that half of it is inside the soil and the other half is above the soil. Usually,
for rice crops to sustain, water level should not fall below 15 centimeters below the soil level. So
farmers can dry out the soil as long as the water level remains above 15 centimeters. They can
re-flood the soil if the water level falls below the required level.
Water usage in this method can be cut down by up to 30% without affecting the yields. The roots
also become resilient to adverse weather conditions with the use of this methods, according to
the International Rice Research Institute (IRRI). An Engineer at the Philippine Rice Research
institute noted that AWD also mitigates greenhouse gas emmissions significantly.
On the other hand, aerobic rice cultivation is aimed at increasing yields in dry soils with the use
of external inputs such as supplementary irrigation facilities and fertilizers. "Growing rice
aerobically saves water by eliminating continuous seepage and percolation, reducing evaporation
and eliminating wetland preparation," said the PhilRice Engineer.
The PSA expects paddy production in the first half of 2015 (January - June) at around 8.27
million tons, down about 1.32% from around 8.38 million tons last year. It expects harvest area
during the six-month period to decline to around 2.07 million hectares, own about 1.49% from
around 2.1 million hectares last year. It however says the yield during the January-June 2015
period may increase by about 0.17% to around 4 tons per hectare from around 3.99 tons per
hectare last year.
Oryza May 2015 Rice Market Review
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The Oryza White Rice Index (WRI), a weighted average of global white rice export quotes,
ended at about $406 per ton in May 2015, down about $2 per ton from a month ago and down
about $54 per ton from a year ago.In global market, with the exception of Pakistan, all the other
major origins witnessed a softening in rice prices in May. Thai rice export prices softened due to
a lackluster demand from importers and the announcement of large sales of rice from public
stocks through tenders in June and July. As competition for markets intensified, prices were also
down in India and Viet Nam, while a tightening of supplies along with steadfast demand from
Eastern Africa boosted non-basmati prices in Pakistan. Rice export quotes in the U.S. also
declined largely on slow export sales.
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As of end of May, global rice crop condition remains mixed. In India, harvest is complete and
end of season conditions are favorable for second season crop. In China, conditions are mostly
favorable however there is concern due to excessive wetness in the South China. In Thailand,
conditions remain poor for the dry season rice. Harvest is almost complete and production is
expected to be considerably less than last year, mainly due to insufficient water for cultivation
that resulted in reduced planted area and poor yield as well as due to pest damage and cold
weather. Field preparation for the wet season crop is underway. In Vietnam, in the north, the
winter-spring crop is in good condition. In the Southern Vietnam, harvest is almost complete for
the winter-spring crop. Conditions are fair despite some lack of precipitation and yields are
slightly down relative to the previous year. In the U.S. and Argentina, conditions are favorable.
In Brazil harvest is complete. Even though planted area was slightly reduced, production
increased relative to last year owing to increased yields. In Indonesia, conditions for the wet
season rice remain good. In the Philippines, planting of the wet season crop has begun. Harvest
has concluded for the dry season rice and conditions are slightly poor in the Philippines.
El Niño conditions continue to strengthen in the equatorial Pacific and there is a higher than 80%
chance they will persist through the end of 2015, according to reports by the Australian Bureau
of Meteorology, the International Research Institute for Climate and Society (IRI), and the U.S.
National Oceanic and Atmospheric Administration.
The FAO forecasts global milled rice production in 2015-16 will increase about 1.3% from
2014-15 due to improved prospects for China and western African countries. The FAO
estimates 2015-16 global rice utilization will increase about 1.8% from 2014-15 with global
food consumption rising sufficiently to keep rice per capita food intake stable about 57.4 kg per
year. Global rice stocks will decrease about 4.5% from last year with much of the drawdown
concentrated in India and Thailand. The FAO estimates 2016 global rice trade to be about 42.5
million tons, up about 2.4% from 2015.
Thailand
Thailand 5% broken rice ended the month of May at about $370 per ton, down about 4% per ton
from a month ago and down about 3% per ton from a year ago.
Thai rice exports have increased for the second consecutive month in March 2015 after declining
by more than half in January 2015, according to data from Thai Rice Exporters Association
(TREA). Thailand has exported about 785,891 tons of rice in March 2015, up about 7% from
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about 732,151 tons exported in February 2015, and down about 2% from about 799,534 tons
exported in March 2014, according to TREA.
The FAO has forecasted Thailand's 2015 rice exports at a record 11.2 million tons, slightly up
from last year due to high levels of public stocks and government's intentions to clear more of
the existing rice stockpiles. The agency estimates Thailand's 2015 aggregate paddy rice
production at about 35 million tons (about 23.1 million tons, basis milled), slightly above the
reduced 2014 harvest of about 34.3 million tons (about 22.64 million tons, basis milled).
Meanwhile, the USDA post forecasts that Thailand will export about 11 million tons rice in 2015
and expect that Thailand rice export will accelerate in the second half of the year due to the sales
of the government stocks.
Thailand's Commerce Ministry is planning to reopen bidding for about one million tons of rice in
the middle of June, after suspending the auctions since the end of harvest season in March to
avert downward pressure on prices, according to local sources. The government conducted two
auctions this year selling about 496,243 tons of rice worth 7.85 billion baht (about $233 million)
in the first auction and about 780,000 tons worth an estimated 8 billion (about $238 million) in
the second auction. The Thai military government currently holds about 16 million tons of rice
accumulated from the rice pledging scheme introduced by the previous government. It had sold
about 1.88 million tons of rice from six auctions raising about 25.58 billion baht (about $785.2
million) since it seized power in May 2014. It also reportedly sold one million tons of rice under
government-to-government contracts. It aims to sell about 10 million tons of stockpiled rice this
year and about 7 million tons next year. Separately, Thailand government is also reportedly
negotiating with the governments of several countries, including Japan, to increase their rice
import quotas from Thailand. The Commerce Minister is confident that the country's exports
would reach 10 million tons this year. Meanwhile, Thailand is planning to increase the volume of
premium and high value-added/fancy rice exports, including those of Hom Mali rice, riceberry
and sungyod, to Japan, according to local sources.
Of the 16 million tons of stockpiled rice with the Thai government, nearly 11 million tons are
substandard, Thailand Commerce Permanent Secretary said. She also said that the government
is expecting to earn about 200 billion baht (about $5.97 billion) from selling the entire rice stocks
while the total cost associated with holding the stocks is about 600 billion baht (about $17.9
billion).
Separately, Thailand economic minister has agreed in the beginning of May 2015 to distribute
coupons or cards to rice farmers allowing them to claim a discount on the purchase of cultivation
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materials, including seed and fertilizer, according to the local media. He told to local media that
the discount method will be more effective than handing out cash subsidies to the farmers.
Thailand Prime Minister has called for high-standard rice mills in the country in order to ensure
top quality rice, according to local sources. He noted that fierce competition in the global rice
market also call for high-quality rice mills in the country.
India
India 5% broken rice ended the month of May at about $375 per ton, up about 1% per ton from a
month ago, and down about 13% per ton from a year ago. Average monthly wholesale rice
prices in India increased to about Rs.2,908.66 per quintal (about 4456 per ton) in May 2015, up
about 2% from about Rs.2,846.4 per quintal (about $450 per ton) in April 2015, and slightly
down from their year-ago levels of about Rs.2,916.24 per quintal (about $494 per ton).
The government of India, in its third advance estimates for major crops, has estimated India's
rice production for 2014-15 marketing year (October 2014 - September 2015) at about 102.54
million tons, down about 4% from an estimated 106.65 million tons in 2013-14, according to a
statement from the agriculture Ministry. According to government sources, India's total food
grain production, which includes Kharif (June - December) and Rabi (November - March) crops,
in 2014-15 is likely to reach about 251.12 million tons, down about 5% from last year's 265.57
million tons. Meanwhile, Indian rice exporters are expecting the country's basmati rice acreage in
2015-16 kharif season (June - December) to increase about 5% to about 2.2 million hectares
despite getting lower returns last year, according to local sources. The USDA estimates rice
production for the 2014-15 marketing year (October to September) to be 102.5 million tons,
down from 106.54 million tons the previous year. This decline in production is forecast to
reduce carryover stocks and exports. The USDA Post forecasts 2015-16 rice exports to decline to
8.5 million tons from 10.2 million tons in 2014-15.
Planting for India 2015-16 Kharif (main) rice crop (June - December) which began on May 8,
2015 is picking up fast and stands at about 308,000 hectares as of May 29, 2015; up about 21%
from about 254,000 hectares planted during the same period last year, according to preliminary
data released by the Indian Agriculture Ministry. A likely drought-inducing El Nino this year is
expected to lower production prospects this year.
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Separately, Iran is likely to lift the ban on rice imports from India after Ramzan in this July, local
sources quoted an official at India's Agricultural and Processed Foods Export Development
Authority (Apeda) as saying.
The Chennai-based Intellectual Property Appellate Board (IPAB) will reportedly hear the claims
of parties involved in the basmati geographical indications (GI) certification case for three days
starting from July 8, 2015, a move that could see legal protection granted to Indian basmati rice,
according to local sources.
Separately, In line with the recommendations by the high level committee for the Food
Corporation of India (FCI) restructuring, the government of India may not be able to impose the
uniform taxation on rice and wheat procurement in all states in the near term, local sources
quoted Food Ministry officials as saying. Currently, taxes on rice and wheat procurement differ
from state to state. According to official data, taxes on rice procurement is 14.5% in Punjab, it is
12.5% in Andhra Pradesh, 11.5% in Haryana and 4.7% in Madhya Pradesh.
India’s rice stocks in the central pool as of May 1, 2015 stood at about 22.23 million tons
(including a milled equivalent of about 7.968 million tons of paddy), down about 22% from
about 28.41 million tons recorded during the same period last year, according to data from the
Food Corporation of India (FCI).
Vietnam
Vietnam 5% broken rice ended the month of May at about $355 per ton, down about 1% per ton
from a month ago and down about $12 per ton from a year ago.
Vietnam has increased the floor price (minimum export price, MEP) of its lower quality (25%
broken) rice exports by about 3% to about $350 per ton from about $340 per ton. The new MEP
has been effective from June 1, 2015.
The Philippines National Food Authority (NFA) invited tenders from Vietnam and Thailand to
supply 250,000 ton of 25% broken long-grain white rice for delivery between July and August,
to replenish stocks during the lean season (July -September) as well as prevent commercial rice
price hikes. The tender is scheduled on June 5, 2015.
Vietnam's rice exports declined about 11.4% to about 2.4 million tons in the first five months of
2015 from about 2.7 million tons exported during the same period in 2014, according to the
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Ministry of Agriculture and Rural Development (MARD). Meanwhile, Vietnam rice exporters
have signed contracts to export 3.2 million tons of rice so far this year, the MARD said.
Vietnam exported about 2.081 million tons of rice in first five months of calendar year 2015,
down about 11% from about 2.34 million tons of rice exported during same time in last year,
according to data from the Vietnam Food Association (VFA). Separately, Vietnam's rice exports
to Africa, which declined about 58% y/y in 2014, are showing signs of recovery, according to the
Department of Africa, West Asia and South Asia Markets under the Ministry of Industry and
Trade (MOIT). According to the USDA data, Vietnam's rice exports to African countries
declined to about 772,537 tons in 2014 from about 1.83 million tons in 2013 due to a stiff
competition with Thailand and India. However, Vietnam's rice exports to Africa in the first three
months of 2015 stand at about 164,255 tons, a 95% increase from about 84,289 tons exported
during the same time last year.
The USDA has estimated Vietnam's MY 2014-15 (January 2015 - December 2015) rice exports
at about 6.7 million tons, up about 5.5% from an estimated 6.35 million tons exported in MY
2013-14 and unchanged from USDA's official estimates of about 6.7 million tons. The agency
estimates Vietnam MY 2014-15 paddy rice production at about 44.88 million tons (about 28.05
million tons, basis milled), down about 2% from an estimated 45.058 million tons (about 28.16
million tons, basis milled) produced in MY 2013-14 and slightly down about from USDA
official estimates of about 45.191 million tons (about 28.24 million tons, basis milled) due to the
adjustment of seasonal planted/harvested area.
Separately, the government of Vietnam has allotted an additional 481 billion VND (about $22
billion) in the state budget towards rice land development and protection, according to local
sources. The Prime Minister of Vietnam has also approved a national rice development plan
under which the government aims to increase competitiveness of Vietnamese rice globally and
promote it as a high-quality trademark by 2030, according to local sources.
Pakistan
Pakistan 5% broken rice ended at about $410 per ton in May 2015, up about 8% per ton from a
month ago and down about 11% per ton from a year ago.
Pakistan exported about 360,446 tons of rice (including basmati and non-basmati) in April 2015,
down about 24% from about 472,357 tons exported in March 2015, according to provisional data
from the Pakistan Bureau of Statistics (PBS). In terms of value, Pakistan's rice export earnings
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declined about 16% to about $180 million in April 2015 from about $215 million earned in
March 2015. Separately, Pakistan's Ministry of Commerce said that a decline in the average unit
price (AUP) of non-basmati rice, due to 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). The Secretary of a Pakistan rice farmers association has also expressed concern that last
year's low rice prices coupled with increasing power shortages may discourage farmers from
cultivating paddy in FY2015-16 (July - June).
Meanwhile, Pakistan's Federal Committee on Agriculture (FCA) is targeting to produce 7 million
tons, basis milled, (about 10.35 million tons, basis paddy) from an area of about 2.8 million
hectares in 2015.
The Ministry of National Food Security and Research of Pakistan has proposed to increase the
import duty on basmati rice from the existing 10% to about 30% in FY 2015-16 (July - June)
since import of basmati is expected to impact local production.
Cambodia
The FAO forecasted Cambodia's 2014-15 rice exports to increase about 15% y/y to about 1.15
million tons. The agency estimates Cambodia's total paddy rice production in 2015 at about 9.3
million tons (about 5.76 million tons, basis milled). Planting of the 2015 main (wet) season
paddy crop (June - February), which accounts for 80% of Cambodia's total paddy rice
production, is expected to start in June and continue till October. The FAO estimates output from
the 2015 main season rice crop at about 7.2 million tons, up about 1% from last year.
Meanwhile, Cambodia is hoping to increase its 2015-16 (May 2015 - April 2016) rice export
quota to China to about 200,000 tons from the current 100,000 tons, according to local sources.
Separately, the government of Cambodia is planning to increase checks on 'unethical' rice
tampering as part of efforts to ensure Cambodian rice, slated for export, is not mixed with rice
from neighboring countries, according to local sources.
The Philippines National Food Authority (NFA) has invited Cambodia along with Thailand and
Vietnam to participate in bidding for 250,000 tons rice tender that is scheduled for June 5 this
year. However, it is doubtful if Cambodia will take part in the tender, according to local sources.
The Philippines is seeking 25% broken well-milled long-grain rice for delivery between July and
August.
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Cambodian rice exporters are expressing concern that the country's rice exports to the European
Union (EU) under the Everything But Arms (EBA) agreement have been facing a stiff
competition from Myanmar, which also exports rice to the EU under the EBA agreement.
According to data from the European Commission (EC), Cambodia's rice exports to the EU in
the first eight months of the crop year 2014-15 (September - August) have declined about 1% to
about 165,940 tons from about 167,660 tons during the same period last year. On the other hand,
Myanmar's rice exports to the EU during the eight-month period increased about 81% to about
144,550 tons from about 79,940 tons last year.
Meanwhile, climate experts are expecting the impending El Nino over the next two months to
cause a severe drought in Cambodia affecting the country's 2015 rice production.
Central & South America
Brazil 5% broken rice ended the month of May at about $550 per ton, unchanged from a month
ago and down about 17% per ton from a year ago.
Brazil’s National Grains Supply Company (Conab) has forecasted the country's 2014-15 paddy
rice production at about 12.399 million tons (about 8.43 million tons, basis milled), up about 2%
from about 12.121 million tons (about 8.24 million tons, basis milled) in 2013-14, and slightly
up from its March forecast of about 12.397 million tons. Meanwhile, Brazil rice stocks continued
to decline for the second consecutive month in April 2015, according to the Conab. Brazil rice
stocks stood at about 134,126 tons in April 2015, slightly down from about 134,255 tons in
March 2015 and down about 76% from about 559,033 tons in April 2014.
Five percent broken rice from Uruguay and Argentina at about $565 per ton in May 2015,
unchanged from a month ago, and down about 10% per ton from a year ago.
Argentina has exported about 42,161 tons of rice in February 2015, up about 88% from about
22,467 tons exported during the same period in 2014, according to data from the Ministry of
Agriculture in Argentina. Month-on-month, Argentina's rice exports increased over three fold
from about 12,762 tons exported in January 2015.
The FAO estimates 2015 paddy production in Cuba stand at about 632,000 tons (about 425,000
tons basis milled), nearly unchanged from 2014. This is below the USDA’s paddy production
estimate of about 700,000 tons (about 455,000 tons basis milled).
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U.S.
U.S. 4% broken rice ended the month of May at about $470 per ton, down about 3% per ton from
a month ago and down about 20% per ton from a year ago.
The USDA has forecasts U.S. 2015-16 all rice supplies to increase 3% y/y to about 12.99 million
tons and accordingly forecasts U.S. 2015-16 all rice ending stocks to increase about 11% y/y to
about 2.15 million tons. It estimates U.S. 2015-16 all rice production to decline slightly about
9.93 million tons. U.S. 2015-16 all rice exports are expected to increase about 3% y/y to about
4.9 million tons.
The U.S. southern states such as Arkansas and Louisiana, which typically grow long-grain rice,
are looking to increase medium-grain production, in which California tops, in order to
compensate for tighter supplies from the western state, according to AgAlert. While California
rice growers are forced to reduce their acreage this year due to water restrictions and drought.
Meanwhile, experts are suggesting some water saving technologies to California rice farmers,
which may be helpful to them in reducing the impact of drought on their rice crops to some
extent.
Africa
Rice production in 2014-15 for ten nations in West Africa (Burkina Faso, Cote d'Ivoire,
Gambia, Guinea-Conarkry, Mali, Mauritania, Niger, Senegal, and Togo) is expected to reach 5.1
million tons, up 4.3% from the previous year, the USDA said. However, imports are expected to
remain stable at about 3.6 million tons in 2014-15.
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,
the Secretary General of the EAC said. He 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 about 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.
China
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The USDA has estimated Chin's rice import in MY 2015-16 (July - June) at about 4.3 million
tons, unchanged from MY 2013-14, due to a slight increase in production. The Post reports that
Chinese preference for imported rice is increasing due to reports in response to reports of heavy
metals and high pesticide residues in some locally produced rice. The agency estimates China's
MY 2015-16 milled rice production at about 146.3 million tons, up about 1% from an estimated
144.5 million tons due to government's continued support to the rice sector as part of its food
security strategy. The USDA estimates China's MY 2015-16 rice exports to decline to about
350,000 tons, down about 12.5% from an estimated 400,000 tons in the previous year. It
estimates rice ending stocks to decline to about 46.35 million tons in MY 2015- 16 down about
1.6% from an estimated 47.1 million tons last year due to an estimated increase in consumption
by about 2% to about 151 million tons.
Philippines
The Philippines 2015 first quarter (January - March) paddy output has reached about 4.37
million tons, up about 1.41% from about 4.31 million tons during the same period in 2014,
according to a report released by the Philippine Statistics Authority (PSA).The PSA expects
paddy production in the first half of 2015 (January - June) at about 8.27 million tons, down about
1.32% from about 8.38 million tons last year. Meanwhile, the FAO forecasts Philippines 2015
paddy rice production at about 19.76 million tons (about 12.39 million tons, basis milled), up
about 4% from an estimated 19 million tons (about 11.91 million tons, basis milled). The agency
has forecasted the Philippines 2015 rice imports to remain at last year's level of about 1.8 million
tons reflecting the government's efforts to stabilize domestic rice prices and restore public stocks.
Separately, the Philippines is expected to reach the 20.08 million tons paddy (about 12.65
million tons, basis milled) production target by the end of 2015 despite fears of an impending El
Nino as the Department of Agriculture (DA) is planning for necessary interventions, the DA
Assistant Secretary for Field Operations said.
Separately, the National Food Authority (NFA) of Philippines will import 250,000 tons of rice to
boost buffer stocks during the lean season (July - September), according to Reuters. The NFA
has already called for tenders from Vietnam, Thailand and Cambodia for the 250,000 tons
import, according to Reuters. The bidding is set for June 5, 2015, according to a NFA
spokesman.
The DA in the Philippines is seeking to increase budget for the rice sector development to about
P11 billion (about $246 million) from next year from the current P6.6 billion (about $148
million), according to local sources.
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Myanmar
The FAO forecasts Myanmar rice exports at about 760,000 tons in 2014-15 (July - June), up
about 9% from about 697,248 tons in 2013-14. It estimates Myanmar's 2014-15 total cereal
exports at about 1.4 million tons. The agency estimates Myanmar's 2015 aggregate paddy
production at about 29.2 million tons (18.69 million tons, basis milled), up about 1% from about
28.9 million tons (18.5 million tons, basis milled) in 2014.
Separately, the USDA estimates Myanmar's rice exports to increase about 10% to about 1.85
million tons in 2015 from an estimated 1.688 million tons in 2014, and about 16% from USDA's
official estimates of about 1.6 million tons. The agency estimates Myanmar's milled rice
production to increase about 5% to about 12.6 million tons in MY 2014-15 (January 2015 -
December 2015) from an estimated 11.957 million tons last year, and about 4% from USDA's
official estimates of about 12.15 million tons.
Meanwhile, the he Myanmar Rice Federation (MRF) has expressed confidence that the country
would export about 2 million tons of rice in the fiscal year 2015-16 (April - March) due to
increasing demand from China, Africa and Europe, according to local sources. Meanwhile,
Myanmar is likely to begin legal rice exports to China shortly, according to local sources. The
Myanmar Agribusiness Public Company Limited (MAPCO) has agreed to ship about 3,000 tons
of rice according to the recently signed Memorandum of Understanding (MOU) between the
Myanmar Rice Federation (MRF) and China's state-owned China National Cereals, Oils and
Foodstuffs Corporation (COFCO) to export 100,000 tons of rice this year, local sources quoted
the MRF.
The government of Myanmar has launched a national strategic plan to increase rice acreage and
production across the country, according to local sources. According to the plan, the government
is aiming to increase paddy rice acreage to about 7.7 million hectares and increase yield to about
4.1 tons per hectare. It is aiming to increase milled rice production to about 15.9 million tons and
export about 6 million tons by 2030.
Indonesia
The FAO estimates Indonesia to import about 900,000 tons of rice in 2015-16 (April - March),
down about 25% from about 1.2 million tons last year due to a favorable outlook for 2015
aggregate rice production. It estimates Indonesia's total cereal imports in 2015-16 at about 11.5
million tons, down about 3% from about 11.15 million tons last year. The FAO estimates
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Indonesia's 2015 aggregate paddy rice production at about 73 million tons (about 46.72 million
tons of rice, basis milled), up about 3% from an estimated 70.61 million tons (about 45.2 million
tons of rice, basis milled) in 2014.
Separately, the Indonesian Trade Minister has ruled out rice imports until July this year as the
rice supply with the state logistics agency Bulog is sufficient to meet demand until then with an
additional 7.1 million tons of rice expected from the ongoing harvest, according to local sources.
Indonesia's state logistics agency Bulog is aiming to procure 2.75 million tons of rice this year,
about 14% below the initially targeted 3.2 million tons, despite an increase in the government
purchase price (Harga pokok penjualan, HPP), according to local sources. Though the
government increased the HPP by about 10% to about Rp7,260 per kilogram (about $577 per
ton) from the existing Rp6,600 per kilogram (about $524 per ton) to encourage farmers to sell
their paddy to Bulog. However, the decision failed to have a positive effect on government rice
procurement. Recently, the State-owned Enterprises Minister slammed the Bulog for its slow and
inefficient procurement process during the ongoing harvest.
Bangladesh
The USDA has estimated Bangladesh to import about 600,000 tons of rice in MY 2015-16 (May
- April), down about 45% from an estimated 1.1 million tons imported in MY 2014-15. Imports
in 2014-15 (mostly by private sector) are said to have increased due to competitive Indian as well
as global rice prices. The agency has estimated Bangladesh's 2015-16 milled rice production at
about 34.8 million tons, slightly up from an estimated 34.5 million tons last year. It also reports
that the government of Bangladesh is planning to procure 100,000 of Boro paddy and milled rice
from May 1, 2015 to August 31, 2015.
Separately, the government of Bangladesh has imposed a duty of 10% on rice imports, with
effect from May 10, 2015, local sources quoted the Finance Minister. This decision is aimed at
ensuring fair price to rice farmers during the ongoing Boro crop season (January - May).
Meanwhile, Bangladesh rice farmers are expressing concern that the imposition of import duty of
10% on rice imports has increased Boro (January - May) paddy prices by about 20% since its
imposition last week but the increase has not benefited them apparently, according to local
sources. Paddy prices are said to have increased to about Tk 600 - Tk 650 per 40 kilograms
(about $193 - $209 per ton) from last week's Tk 500 - Tk 550 per 40 kilograms (about $161 -
$177 per ton). They say the government's decision will only benefit big millers who have
stocked enough paddy from the ongoing Boro harvest. Because the farmers had sold their output
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from the ongoing Boro harvest season even before the duty imposition and are now not left with
any stocks to take advantage of the increased prices.
The government of Bangladesh is also planning to increase Boro (January – May) rice
procurement quantity as part of efforts to increase selling prices, local sources quoted the
Agriculture Minister as saying following the meeting of the Food Planning Committee on
Thursday. The government has already started the procurement of one million tons of 2015 Boro
paddy and 100,000 tons of Boro rice from May 1, 2015. The procurement drive will continue till
August 31, 2015. It has fixed the procurement price for paddy at Tk 22 per kilogram (about $283
per ton) and that for rice at Tk 32 per kilogram (about $412 per ton).
Europe
The European Union's (EU) rice imports, including milled rice and semi-milled rice, from the
Least Developed Countries (LDCs) of Asia such as Cambodia and Myanmar under the
Everything But Arms (EBA) Agreement have reached about 204,512 tons in the first eight
months of the crop year 2014-15 (September 2014 - August 2015), up about 12% from about
182,600 tons imported during the same period last year, according to data from the European
Commission (EC).
Italian rice growers are urged to shift to dry seeding technique of rice transplantation in this crop
season due to fears of lower irrigation water this year due to dry weather conditions.
Other Markets
The USDA estimates Jordan's 2015 rice imports at about 196,000 tons, up about 30% from an
estimated 151,000 tons last year and down about 2% from USDA's official estimates of about
200,000 tons. Rice is a staple food in Jordan but the country does not produce any rice due to
water scarcity. The U.S. accounts for over half of Jordan's annual rice imports and the remaining
is filled by Thailand, India and Turkey. It estimates Jordan’s rice imports to decline to about
190,000 tons in 2016.
The FAO estimates Sri Lanka's 2015 rice imports at about 150,000 tons, down about 75% from
last year's high level. The agency has forecasted Sri Lanka's total paddy at about 4.1 million tons
in 2015 (about 2.7 million tons, basis milled), up about 21% from an estimated 3.4 million tons
(about 2.3 million tons, basis milled) in 2014.
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The FAO forecasts Laos 2015 paddy rice production at about 3.4 million tons (about 2.1 million
tons, basis milled), up about 3% from last year's average level of about 3.3 million tons (about 2
million tons, basis milled) last year. Laos is in fact aiming to increase rice production by about
one million tons and become an exporter of rice by 2015.
The FAO estimates Japan's 2015 aggregate paddy production at about 10.5 million tons (about
7.67 million tons, basis milled), down about 1% from about 10.6 million tons (about 7.74 million
tons, basis milled) in 2014 due to a slight decline in planting area. The agency estimates Japan's
2015-16 (April-March) rice imports at about 700,000 tons. It estimates total cereal imports
during the year at about 25.4 million tons, slightly down from about 25.52 million tons last year.
The FAO estimates South Korea to import 460,000 tons in the marketing year 2014-15 (October
- September). It estimates South Korea's total cereal rice imports in 2014-15 at about 14.1
million tons, down about 5% from about 14.84 million tons last year. The agency forecasts 2015
paddy rice (April - October) production at about 5.5 million tons (about 4.125 million tons, basis
milled), down about 3% from last year. Planting of the 2015 rice crop has begun and will
continue till the end of June.
The FAO estimates Malaysia 2014-15 (July - June) rice imports to increase to over 1.1 million
tons and increase to average level from last year's low level due to strong consumption demand
and the government's efforts to replenish stocks. In 2014, Malaysia's rice imports increased about
24% y/y from their below-average level in 2013. It estimates Malaysia's 2015 paddy rice
production at a record 2.6 million tons (about 1.69 million tons, basis milled), slightly above last
year's production of about 2.5 million tons (about 1.62 million tons, basis milled) due to
favorable weather conditions and continued government support to the rice sector, including
subsidies for agricultural inputs. Separately, the government of Malaysia is targeting to achieve
100% self-sufficiency in rice production by 2020, local sources quoted the country’s Minister of
Agriculture and Agro-Based Industry.
Research and Scientific Development:
Genome editing may allow scientists to improve rice crops, according to an article on phys.org.
http://oryza.com/22577/genome-editing-promising-new-frontier-rice-disease-resistance
The Rice Research Institute of the Guangdong Academy of Agricultural Sciences (GDRRI) said
the "three controls technology (3CT)" can enhance rice yields by about 10%.
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http://oryza.com/22685/three-controls-technology-can-enhance-rice-yields-less-fertilizers-says-
gdrri-researcher
A researcher at the Philippine Rice Research Institute (PhilRice) has developed the continuous
rice hull carbonizer which can process rice hull into biochar (commonly known as charcoal) in
an environmentally friendly manner and at a lesser cost.
http://oryza.com/22693/philippines-researcher-develops-eco-friendly-rice-hull-processor
May Tenders:
South Korea issued a tender to buy about 75,378 tons of rice and bought about 55,378 tons rice.
South Korea's has bought another 10,000 tons of non-glutinous brown rice from China.
http://oryza.com/22589/south-korea-buys-75378-tons-non-glutinous-rice-tender
http://oryza.com/22758/south-korea-buys-55378-tons-non-glutinous-brown-rice-us-and-china-
tender
http://oryza.com/22804/south-korea-buys-10000-tons-non-glutinous-brown-rice-china-tender
Iraq has not purchased any rice in international tender that closed on April 26, 2015 with offers
remaining valid till April 30, 2015.
http://oryza.com/22611/iraq-passes-tenders-purchase-least-30000-tons-rice
Indonesia Replaces Bulog Chief for Missing
Rice Procurement Target
Jun 08, 2015
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The government of Indonesia has replaced the state logistics agency Chief Lenny Sugihat, a
former banker, with the former Bank Rakyat Indonesia Director Djarot Kusumayakti, for not
being able to meet the government rice procurement target of about 3.2 million tons, Reuters
quoted the Deputy State-owned Enterprises Minister.
Last week, local sources reported that Bulog is aiming to procure 2.75 million tons of rice this
year, about 14% below the initially targeted 3.2 million tons. The procurement, which has been
slow since the beginning of the hervest season has not picked up despite an increase in the
government purchase price (Harga pokok penjualan, HPP), according to local sources.
The government increased the HPP by about 10% to around Rp 7,260 per kilogram (around $577
per ton) from the existing Rp 6,600 per kilogram (around $524 per ton) to encourage farmers to
sell their paddy to Bulog. However, the decision failed to have a positive effect on government
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rice procurement. Recently, the State-owned Enterprises Minister slammed the Bulog for its slow
and inefficient procurement process during the ongoing harvest.
The government has been aiming to achieve self-sufficiency in rice production and avoid imports
this year, and accordingly has been providing support to the sector. However, the government
sources told local sources that a decision on rice imports would be taken after Ramzan festive
season in July.
Average rice prices have been increasing since September 2014 and have reached record levels
in March 2015. However, since April, prices reversed direction due to the government
intervention as well as increased supplies from the 2015 main season rice crop. Currently, prices
stand at around 9.875 million Rupiah (around $751) per ton, down from around 10 million
Rupiah (around $770) per ton in April 2015.
USDA estimates Indonesia to produce around 36.65 million tons of rice, basis milled (around
57.717 million tons, basis paddy), and import around 1.1 million tons of rice in MY 2014-15
(October - September).
Cambodia Rice Exports Increase Sharply in
First Five Months of 2015
Jun 08, 2015
Cambodia exported about 243,025 tons of rice in the first five months of 2015 (January - May
2015), up about 64% from about 148,262 tons rice exported in the same period last year, local
sources quoted a report by the Secretariat of One Window Service for Rice Export.Cambodia
exported about 41,842 tons in May 2015, down about 19% from around 51,719 tons exported in
April 2015, and up about 50% from around 27,971 tons in May 2014.According to the report,
Cambodia exported rice to about 46 countries across the world, including to 25 European Union
(EU) member countries and two ASEAN members of Malaysia and Singapore. China remained
the top export destination for Cambodian rice with around 68,437 tons, says the report.Cambodia
aimed to reach an export target of one million tons by the end of 2015. However, the government
is concerned that the target may not be reached due to lack of sufficient milling and storage
facilities as well as financing options for exporters.
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Cambodia has exported about 387,100 tons of rice in 2014, up about 2% from around 378,856
tons exported in 2013USDA estimates Cambodia to export 1.2 million tons of rice (including
official and unofficial exports to Vietnam and Thailand through borders) in 2015, up about 9%
from an estimated 1.1 million tons in 2014.
Philippines May Consider Private Rice
Imports This Month After Failing to Strike
G2G Deals
Jun 08, 2015
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The government of the Philippines is likely to consider rice imports by the private sector under
the WTO minimum access volume (MAV) rule, after failing to secure government-to-
government (G2G) contracts for the requisite 250,000 tons of rice last week, according to local
sources. Usually, rice imports under the MAV quota are considered in the third quarter.The
National Food Authority (NFA) decided to buy 150,000 tons 25% broken long-grain white rice
from Vietnam for delivery between July and August, to replenish stocks during the lean season
(July - September) as well as prevent commercial rice price hikes.
After failing to secure contract for the remaining 100,000 tons, the NFA is reportedly
considering to import 805,200 tons of rice through private traders at 35% tariff under the WTO
MAV. Imports over and above this quota attract a tariff of 50%. According to the WTO MAV
rule, the Philippines has to import 755,000 tons from the Thailand and Vietnam suppliers in the
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country-specific-quota (CSQ). The remaining can be bought from other countries in the omnibus
quota.
“The private sector importation will come as the next importation activity. The government is
ahead in importing because we need to have the stocks before July 1 for the lean month period,”
local sources quoted the NFA Deputy Administrator as saying. “We will open it anytime this
month and may be the implementation would be July to October,” he added. For the remaining
100,000 tons of imports, for which the NFA failed to secure contract, the NFA Council may
consider placing them under MAV importation or conduct another G2G auction or open an
international tender to fill up its buffer stocks, the NFA Deputy Aministrator said. “It is the NFA
Council that decides on the mode of procurement. It depends since international tenders may
take a longer duration before delivery, while G2G is less than a month,” he said.
Earlier this year, the Philippines imported 300,000 tons of rice from Vietnam and 200,000 tons
from Thailand. The NFA is authorized to import another 350,000 tons of rice, including 100,000
tons not allocated in last week's tender and 250,000 tons more in case the El Nino pattern
intensifies impacting the harvest. Last year, the South-east Asian nation imported more than 1.8
million tons of rice (including 1.5 million tons of 2014 imports and 300,000 tons of 2013
residual imports) to replenish rice stocks and control price hikes.
The demand from the Philippines is expected to support continuously falling rice export prices in
Asia. Export prices of Thai 5% broken rice, Vietnam 5% broken rice and India 5% broken rice
currently stand at around $365 per ton, $355 per ton and $380 per ton respectively compared to
$410 per ton, $380 per ton and $390 per ton respectively at the beginning of the year.
Spanish Research Institute and UcDavis to
Launch Five-Day International Course on
Irrigation
Jun 08, 2015
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Spanish research institute IRTA and University of California Davis (UCDavis) will launch a
five-day international course on irrigation from October 5-9, 205 in Lleida of Spain, according to
a news release on the IRTA website.The course is aimed at addressing irrigation managers and
highly specialized irrigation management technicians about the achieving efficiency of plant
water use and maximizing water delivery to plants considering the conditions of soil, weather
and growing environment. It will also provide insights on dealing with the changing
environmental factors.Highly experienced international scientists with extensive careers in the
field of irrigation management, including Joaquim Bellvert, Jaume Casadesus, Joan Girona, Jordi
Marsal and Josep Rufat, from IRTA; Ted M. DeJong, Steve Grattan, Bruce D.Lampinen and Ken
A. Shackel, from UC Davis; and Elias Fereres, from University of Cordoba will share their views
and experiences with the course participants.
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The course will consists of five different types of lectures - short theoretical sessions of 30-45
minutes covering a total of 24 different topics; workshop exercises of 60 minutes each covering a
total of 6 different topics; demonstrative laboratory training sessions covering 5 different topics;
afternoon field trip; discussion sessions between the instructors and the students at the end of
each day.
More information can be found on www.irta.cat
Thailand Rice Sellers Lower Some of Their
Quotes; Vietnam Rice Sellers Increase Some
of Their Quotes
Jun 08, 2015
Thailand rice sellers lowered their quotes for 5% broken rice by about a $5 per ton to about $355
- $365 per ton today. Vietnam rice sellers increased their quotes for Jasmine rice and 100%
broken rice by about a $10 per ton and $5 per ton to about $480 - $490 per ton and $315 - $325
per ton, respectively. Other Asia rice sellers kept their quotes mostly unchanged.
5% Broken Rice
Thailand 5% rice is indicated at around $355 - $365 per ton, down about a $5 per ton from
Friday and about a $5 per ton premium on Vietnam 5% rice shown at around $350 - $360 per
ton.
India 5% rice is indicated at around $375 - $385 per ton, about a $20 per ton discount to Pakistan
5% rice shown at around $395 - $405 per ton.
25% Broken Rice
Thailand 25% rice is shown at around $340 - $350 per ton, about a $10 per ton premium on
Vietnam 25% rice shown at around $330- $340 per ton.
India 25% rice is indicated at around $360 - $370, about $10 per ton premium on Pakistan 25%
rice shown at around $350 - $360 per ton.
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Parboiled Rice
Thailand parboiled rice is indicated at around $365 - $375 per ton.
India parboiled rice is indicated at around $355 - $365 per ton, about a $55 per ton discount to
Pakistan parboiled rice shown at around $410 - $420 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is indicated at around $315 - $325 per ton, on par with Vietnam
100% broken rice shown at around $315 - $325 per ton, up about a $5 per ton from Friday.
India's 100% broken rice is shown at around $280 - $290 per ton, about a $15 per ton discount
to Pakistan broken sortexed rice shown at around $295 - $305 per ton.
Oryza U.S. Rough Rice Recap - Seller Price
Ideas Firm with Futures; Bids Lag Behind
Jun 08, 2015
The U.S. cash market was slightly firmer today with seller prices ideas firming with the futures
market however the trade was quiet as many farmers were busy in their fields planting soybeans.
Analysts note that although the futures market has been firming cash prices have not kept pace as
the demand has not warranted higher prices, as of yet.
In the meantime, the USDA estimates that as of June 7th
, 95% of the crop has emerged which
was 3% ahead of this time last year and 3% ahead of the previous 5-year average. As of now, the
USDA estimates that 96% of the rice crop in Arkansas has emerged compared to , 95% in
California, 99% in Louisiana, 91% in Mississippi, 86% in Missouri, and 83% in Texas.
The USDA estimates that 68% percent of the crop in good to excellent condition, which was
unchanged from last week and 1% behind this time last year. As of now, the USDA estimates
that 63% of the crop in Arkansas is in good to excellent condition compared to, 85% in
California, 71% in Louisiana, 77% in Mississippi, 52% in Missouri, and 51% in Texas.
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Oryza Afternoon Recap - Chicago Rough
Rice Futures Bounce Higher on Support
from Weaker US Dollar and Bullish Move in
Neighboring Grain Pits
Jun 08, 2015
Chicago rough rice futures for Jul delivery settled 14 cents per cwt (about $3 per ton) higher at
$9.945 per cwt (about $219 per ton). The other grains finished the day higher as well; Soybeans
closed about 0.7% higher at $9.4425 per bushel; wheat finished about 2.1% higher at $5.2800
per bushel, and corn finished the day about 1.3% higher at $3.6525 per bushel.U.S. stocks traded
mostly lower on Monday as investors eyed a calmer bond market and weighed greater
expectations of tightening following Friday's strong jobs report. The Dow transports, led by a
decline in airlines, traded nearly 2 percent lower on Monday after posting its first positive week
in four last Friday.
The Dow Jones industrial average continued to trade below the psychologically key level of
18,000, which it closed under on Thursday and Friday. On Friday, nonfarm payrolls for May
beat expectations with the addition of 280,000 jobs. Analysts also cheered a greater-than-forecast
8 cent increase in hourly wages and a 5.5% unemployment rate. Signs of continued strength in
the labor market strengthened the case for the Federal Reserve to begin raising short-term
interest rates in September. In the absence of major U.S. news and data releases on Monday,
traders also kept an eye on overseas developments. The Dow Jones Industrial Average traded
down 61 points, or 0.34%, at 17,788. The S&P 500 traded down 10 points, or 0.49%, at 2,082,
with information technology leading eight sectors lower and telecommunications and consumer
staples leading advancers. The Nasdaq traded down 46 points, or 0.91%, at 5,022. Gold is
trading about 0.5% higher, crude oil is seen trading about 1.7% lower, and the U.S. dollar is seen
trading about 0.9% lower at about 1:00pm Chicago time.Friday, there were 720 contracts traded,
up from 444 contracts traded on Thursday. Open interest – the number of contracts outstanding –
on Friday decreased by 124 contracts to 11,777.
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Former Minister Urges Pakistan
Government to Bail Out Sinking Rice Sector
Jun 08, 2015
The President of the Pakistan Businessmen and Intellectuals Forum (PBIF), who is also a former
Provincial Minister, has urged the Pakistan government to bail out the sinking rice sector, which
is facing losses due to higher production costs as well reduced export demand, according to local
sources.Together with the President of the Pakistan Rice Mills Association, he noted that the
country was losing its export share to India due to severe problems faced by the rice millers in
the country. Nearly 1,000 rice mills in the country had closed down in the last two years due to
power shortages and lack of financing, they said. Millers are not even in a position to repay bank
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loans, they added. Lack of export demand has also added to the rice millers' woes. Huge
quantities of rice are lying in the warehouses and millers have not been able sell them, they said.
The former Minister warned that the rice sector is very critical as it provides employment to
millions of people and its downfall may be disastrous to the economy. He noted that the policy
makers should pay requisite attention to the rice sector and the issues surrounding it. He
reminded that farmers are already losing interest in sowing rice for next year due to increasing
production costs, lack of research and government's lackluster attitude towards the rice
sector. USDA estimates Pakistan's MY 2015-16 (November - October) at around 6.9 million tons
(around 10.35 million tons, basis paddy). It estimates Pakistan to export around 3.8 million tons
of rice in 2015.
Government of Thailand to Allow Potential
Bidders to Inspect Stockpiled Rice Ahead of
Third Auction
Jun 08, 2015
Thailand's Ministry
of Commerce will
reportedly allow
potential bidders to
examine the
stockpiled rice
quality this week
ahead of the third
auction scheduled
on June 16,
according to local
sources. The
government rice
stocks are stored in
around 153
warehouses in
about 35 provinces.
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Interested bidders are required to submit an application form on June 15 and check whether they are
adhering to all the requirements sought by the Ministry. The names of all interested bidders will be sent
the the National Rice Policy Committee for further consideration, according to local sources.
The Ministry sources told local sources that the stock would be released into the market only
after ensuring that prices of new crop are not affected.
Export prices of Thai 5% rice currently stands at around $365 per ton, down about 11% from
around $410 per ton in the beginning of this year. Thailand exported around 2.8 million tons of
rice, including 2.02 million tons for government stocks, in the first four months of 2015, down
about 4% from last year.
Last week, the Ministry disclosed that of the total stockpiled rice of about 16 million tons, only 2
million are of standard quality, 14 million tons are below standard and around 690,000 tons are
spoilt.
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. It aims to sell about 10 million tons of stockpiled rice this year
and about 7 million tons next year
Vietnam Exports About 2.081 Million Tons of
Rice in First Five Months of 2015
Jun 08, 2015
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Vietnam exported about 2.081 million tons of rice in first five months of calendar year 2015,
down about 11% from about 2.34 million tons of rice exported during same time in last year,
according to data from the Vietnam Food Association (VFA). Average rice export price so far in
this year stands at about $420 per ton (FOB), down about 3% per ton from about $433 per ton
recorded during same last year.
In May 2015, Vietnam exported about 525,742 tons of rice, down about 19% from about
650,507 tons rice exported in April 2015, and down about 11% from about 585,536 tons rice
exported in May 2014. Average export prices in May 2015 stands at about $425 per ton, almost
unchanged from a year ago, and up about 3% per ton from a month ago.