21st april,2016 daily exclusive oryza rice e newsletter by riceplus magazine

www.ricepluss.com www.riceplusmagazine.blogspot.com [email protected]

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Daily Exclusive ORYZA

Rice E-Newsletter

April 21,2016 Vol 7,Issue IV


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2 EU Exports 140,504 Tons of Rice in

September 1, 2015 - April 12, 2016; Down

16% from Previous Year Apr 20, 2016

According to the latest export data issued by the European Union (EU) for the crop year 2015-16

(September 1, 2015 - August 31, 2016), the EU exported about 140,504 tons of rice during the

period September 1, 2015 - April 12, 2016, down about 16% from around 167,040 tons exported

during the same period last year.

Japonica rice exports declined about 19% to around 117,146 tons in September 1, 2015 - April

12, 2016 period from around 144,340 tons during the same period last year. Indica rice exports

increased about 3% to around 23,358 tons during the said period from around 22,700 tons last

year.

Italy remained the largest exporter in September 1, 2015 - April 12, 2016 period with around

74,534 tons followed by Spain (18,687 tons), Greece (17,443 tons), and Portugal (10,287 tons).

Other EU countries imported 19,553 tons.


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During the week ended April 12, 2016, the EU exported around 4,764 tons of rice, down about

23% from around 6,188 tons exported during the week ended April 5, 2016.

Cambodia to Bid for Upcoming Philippines

Rice Contract Despite Failing Many Times in

Past, Says CRF Official

Cambodia is preparing to bid for the upcoming Philippines rice contract, but does not expect to

win due to the nation’s higher production and transportation costs compared to neighbouring

Thailand and Vietnam, according to the Khmer Times.

The Vice-President of the Cambodia Rice Federation (CRF) told reporters that although

Cambodia failed many times, the country will try to show its presence. “If we don’t join, they

will not invite us next time when we are ready to compete – so we don’t want to lose any

market,” he said.

The National Food Authority (NFA) of the Philippines is authorized to import 500,000 tons of

rice to ensure adequate stocks during the lean months (July - September). The Philippines is

likely to import the rice under government-to-government (G2G) contract from Thailand,

Vietnam or Cambodia, with whom it has rice import contracts. However, the NFA has so far not

announced the timing for the bids.

The CRF official has expressed concern that high production and transportation costs for

Cambodian exporters are barring them from competing with their neighbours. He noted that the

CRF is working on reducing the transportation costs, which are currently $60 per ton higher than

those in Vietnam and Thailand. He also emphasized that the rice export sector has not been

receiving any subsidies from the government for bidding for overseas contracts.

Currently, Cambodia 5% white rice is quoted at around $450 per ton compared to around Thai

5% and Vietnam 5% rice at around $380 and $370 per ton respectively.

In 2015, Vietnam won a contract to supply 450,000 tons to the Philippines, while Thailand

supplied 300,000 tons. Both countries sold their rice at $426.60 per ton, slightly below the

$426.83 per ton reference price set by the Philippines.

EU Imports 775,685 Tons of Rice in

September 1, 2015 - April 12, 2016; Up 14%

from Previous Year


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According to the latest data issued by the European Union (EU), rice imports by the EU nations

increased sharply since the beginning of the crop year 2015-16 (September 1, 2015 - August 31,

2016).

The EU imported about 775,685 tons of rice during the period September 1, 2015 - April 12,

2016, up about 14% from around 677,837 tons imported during the same period last year.

Japonica rice imports increased about 3% to around 59,111 tons in September 1, 2015 - April 12,

2016 period from around 57,218 tons during the same period last year. Indica rice imports

increased about 15% to around 716,574 tons during the said period from around 620,619 tons

last year.

The UK remained the largest importer in September 1, 2015 - April 12, 2016 period with around

173,141 tons followed by France (129,612 tons), The Netherlands (89,612 tons), Germany

(60,652 tons), Poland (59,170 tons) and Italy (56,176 tons). Other EU countries imported

207,322 tons.


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During the week ended April 12, 2016, the EU imported around 25,456 tons of rice, down about

14% from around 29,670 tons imported during the week ended April 5, 2015.

The EU imported around 1.143 million tons of rice in the crop year 2014-15, up about 12.7%

from around 1.013 million tons imported in the crop year 2013-14.

Italian Paddy Rice Quotes Show Mixed Trends in Third Week of

April 2016

Apr 20, 2016

Italian paddy rice prices showed mixed trends in the third week of April 2016 after a long period

of slowing down with most of the quotes remaining unchanged from the week ended April 12 ,


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according to data from the Granaria Association of Milan. The Oryza index of Italy's paddy rice

prices declined to around 381 euro (around $432) per ton as of April 19, 2016 from around 381

euro (around $436) per ton as of April 12, 2016.

Below are farm gate paddy quotes as of April 19, 2016:

Arborio-Volano prices are quoted at around 752.5 euros (about $853.17) per ton, unchanged

from the previous week.

Balilla, Centauro and similar paddies are out at 315 euros (about $357.14), unchanged from the

previous week ended April 12.

Lido, Crono, Flipper and similar varieties are out 270 euros (about $306.12) unchanged from the

previous week.

Padano, Argo are out at 332.5 euros (about $376.98) per ton, unchanged from the previous week.

Vialone Nano is quoted 430 euros (about $487.53) per ton, unchanged from the previous week.

Carnaroli and similar varieties were quoted at around 692.5 euros (about $785.15) per ton,

unchanged from a week prior.

Thaibonnet and similar varieties were quoted at around 290 euros (about $328.8) per ton, down

from around 295 euros (about $336.76) from a week prior.

Sant'Andrea is also quoted at 290 euros (about $328.8) per ton, down from around 300 euros

(about $342.5) per ton from the previous week.

Luna Cl, Dardo and similar varieties were quoted at at around 260 euros (about $294.78) per ton,

down from around 270 euros (about $308.22) per ton from the previous week.

Baldo is quoted at around 300 euros (about $304.14) per ton, down from around 305 euros

(about $348.17) per ton from the previous week.

Roma is out at 345 euros (about $391.16) per ton, unchanged from the previous week.

Selenio is quoted at around 400 euros (about $453.51) per ton, up from around 380 euros (about

$433.79) from a week prior.

Augusto is out at around 320 euros (about $362.81) per ton, up from around 310 euros (about

$353.88) from the previous week.

Loto and Nembo are quoted at around 295 euros (about $334.47) per ton, down from around 305

euros (about $348.17) per ton from a week prior.


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7 Oryza CBOT Rough Rice Futures Recap -

Chicago Rough Rice Futures Rally as U.S.

Grain Prices Continue to Rocket Higher

Chicago rough rice futures for May delivery settled 29 cents were cwt (about $6 per ton) higher

at $10.650 per cwt (about $235 per ton). The other grains finished the day sharply higher as the

rally in U.S. grain prices continues; Soybeans closed about 2.4% higher at $10.1900 per bushel;

wheat finished about 3.6% higher at $5.1225 per bushel, and corn finished the day about 2.6%

higher at $3.9975 per bushel.

U.S. stocks traded mostly higher Wednesday, hovering near their highest levels of the year so far

amid earnings and stabilization in oil prices. WTI pared losses and turned higher as oil prices

found support from a late-morning Bloomberg report, citing Iraq, that OPEC and other producers

would possibly meet in Russia in May to discuss an output freeze proposal. Bloomberg later

reported that Russia said there was no agreement on a meeting. Traders also attributed oil's gains

to volatility around the scheduled post-settle contract rollover and to the EIA's mid-morning

report that showed a lower-than-expected crude inventory build of 2.1 million barrels and a

decline in U.S. production. In economic news, existing home sales surged 5.1% to a seasonally

adjusted annual rate of 5.33 million units in March. February's sales pace was revised slightly

down to 5.07 million units from the previously reported 5.08 million units. Overseas, European

stocks closed about half a percent higher or more, with the STOXX Europe 600 Banks index

outperforming with gains of 2.2%. The index is still more than 15% lower year-to-date but up

6.45% for the month so far. The Nikkei 225 closed almost 0.2% higher while most Asian stocks

ended lower. The Shanghai composite fell 2.3%, amid reports that China's central bank may not

ease as aggressively this year. In early afternoon trade, the Dow Jones industrial average traded

up 82 points, or 0.46%, to 18,136. The S&P 500 traded up 6 points, or 0.28%, to 2,106, with

energy leading six sectors higher and utilities the greatest decliner. The Nasdaq composite gained

16 points, or 0.33%, to 4,956. Gold is seen trading about 0.1% lower, crude oil is seen trading

about 3.3% higher, and the U.S. dollar is seen trading about 0.5% higher at about 1:00pm

Chicago time.

Tuesday, there were 1,501 contracts traded, down from 2,204 contracts traded on Monday. Open

interest – the number of contracts outstanding – on Tuesday decreased by 69 contracts to

12,029.

Oryza U.S. Rough Rice Recap - Offers Firm

with Futures Rally while Bids Hold Steady


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The U.S. cash market was firmer yet again today; however, there was little trading to report as

offers from farmers dried up while bids from buyers remained relatively unchanged.

Analysts note that many farmer price ideas have now increased to the $5.00-$5.25 per bu fob

farm range (about $245-$257 per ton) which is not receiving much interest from buyers who

have interest closer to $4.50 per bu fob farm (about $220 per ton).

Analysts contend that without greater follow through demand it will be unlikely that buyers will

be able to justify paying the prices farmers are hoping to net.

Pakistan Rice Sellers Increase Some of Their

Quotes Today; Other Asia Rice Quotes

Unchanged

Pakistan rice sellers increased their quotes for 25% broken rice and 100% broken rice by about

$5 per ton each to around $315-$325 per ton and $290-$300 per ton respectively today. Other

Asia rice sellers kept their quotes unchanged.

5% Broken Rice

Thailand 5% rice is indicated at around $380 - $390 per ton, about $15 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 per

ton.

25% Broken Rice

Thailand 25% rice is indicated at around $365 - $375 per ton, about $15 per ton premium on

Vietnam 25% rice shown at around $350- $360 per ton. India 25% rice is indicated at around

$325- $335 per ton, about $10 per ton premium on Pakistan 25% rice shown at around $315 -

$325 per ton.

Parboiled Rice

Thailand parboiled rice is indicated at around $380 - $390 per ton. India parboiled rice is

indicated at around $335 - $345 per ton, about $70 per ton discount to Pakistan parboiled rice

last shown at around $405 - $415 per ton.

100% Broken Rice


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Thailand broken rice, A1 Super is indicated at around $340 - $350 per ton, about $5 per ton

premium on Vietnam 100% broken rice shown at around $335 - $345 per ton. India's 100%

broken rice is shown at around $275 - $285 per ton, about $15 per ton discount to Pakistan

broken sortexed rice shown at around $290 - $300 per ton.

Rains Delay Uruguay Rice Harvest by

Seventeen Days, Says Agriculture Minister

Heavy rains in Uruguay have delayed this year's rice harvest by 17 days, Bloomberg quoted the

Agriculture Minister.

Rice crop in Uruguay begins in mid-October and is harvest in April.

Uruguay is one of the world's top 10 rice exporters, according to USDA. It exports over 90% of

the rice produced.

USDA estimates Uruguay to produce about 930,000 tons of milled rice and export about 950,000

tons during the year.

Vietnam Outlines Measures to Cope with

Drought, Salt Water Intrusion

The Vietnamese Agriculture Minister has outlined measures to cope with severe drought and salt

water intrusion, and ensure food and fresh water for daily use, according to Vietnam Net.

Addressing the Central Steering Committee for Natural Calamities Preparedness and Control, he

said local authorities should closely watch and observe weather and saline intrusion

developments and water resources to adequately promote effective measures that would

minimise production losses and stabilise incomes.

The Agriculture Minister also noted that his Ministry will direct relevant agencies to forecast the

impacts of saltwater encroachment in the Mekong Delta and evaluate water resources at

hydropower reservoirs and river basins and help farmers shift to growing drought-resistant

plants, especially for the 2016 summer-autumn crop.


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The Ministry of Natural Resources and Environment will reportedly closely supervise and issue

reports on drought and saline intrusion for specific areas and localities. The Management

agencies of hydropower reservoirs are ordered to supply fresh water to drought-prone areas as a

priority. The local authorities are asked to cooperate with the Agriculture Ministry to help

farmers adjust production timetables to reduce losses from drought and salinity intrusion.

According to the Central Steering Committee for Natural Calamities Preparedness and Control,

the drought has impacted nearly 70% of cultivation areas in the Central Highlands and South

Central region and saltwater has intruded as far as 90 kilometers inland in the Mekong Delta,

about 10-25 kilometers farther than usual. As of April 13, 2016, drought and saltwater intrusion

damaged over 232,000 hectares of rice, 61,992 hectares of fruits, and 4,052 hectares of seafood.

The total economic loss has been estimated at over 5.1 trillion VND (around $229.5 million).

Thai Government Advises Farmers to Begin

2016 Main Rice Crop Planting from Mid-

July

Apr 20, 2016

The Thai Farm Ministry has advised farmers to begin planting for the 2016 main rice crop from

mid-July, according to Bloomberg citing and statement from the Ministry.The Ministry noted

that average showers are likely to start from third week of May, subside for two weeks from the

end of June to early July and return to normal after that. It noted that more rainfall is likely

between August and October.Main rice crop in Thailand usually begins in early May and is

harvested by the end of January.The Farm Minister also expressed concern that water levels in

key reservoirs are enough only for consumption till July.

Thailand Plans to Sell 11.6 Million Tons of

Stockpiled Rice by July 2016

The Thai Commerce Ministry is planning to sell 11.6 million tons of stockpiled rice by July this

year, before the new crop arrives in the market, according to Bloomberg quoting the Commerce

Permanent Secretary.

The Ministry will reportedly submit the plan to the National Rice Policy Committee (NRPC),

chaired by the Prime Minister, on April 25.


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The Commerce Ministry will offer mixed grades of rice from premium to poor quality in the

auctions. The government has planned to sell 2.4 million tons of poor-quality rice this year to the

industrial sector.

The military government currently holds about 12 million tons of rice in its stockpiles.The

government is targeting to export 9.5 million tons of rice this year.

Global Rice Quotes

April 20th, 2016

Long grain white rice - high quality

Thailand 100% B grade 390-400 ↔

Vietnam 5% broken 365-375 ↔

India 5% broken 370-380 ↔

Pakistan 5% broken 345-355 ↔

Myanmar 5% broken 415-425 ↔

Cambodia 5% broken 445-455 ↔

U.S. 4% broken 430-440 ↔

Uruguay 5% broken 435-445 ↔

Argentina 5% broken 415-425 ↔

Long grain white rice - low quality

Thailand 25% broken 365-375 ↔


Pakistan 25% broken 315-325 ↑

Cambodia 25% broken 425-435 ↔

India 25% broken 325-335 ↔

U.S. 15% broken (sacked) 470-480 ↔

Long grain parboiled rice


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Thailand parboiled 100% stxd 380-390 ↔

Pakistan parboiled 5% broken stxd NQ ↔

India parboiled 5% broken stxd 335-345 ↔

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% 665-675 ↔

Vietnam Jasmine 460-470 ↔

India basmati 2% broken NQ ↔

Pakistan basmati 2% broken NQ ↔

Cambodia Phka Mails 760-770 ↔

Brokens

Thailand A1 Super 340-350 ↔


Pakistan 100% broken stxd 290-300 ↑

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

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

21st april,2016 daily exclusive oryza rice e newsletter by riceplus magazine

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