11th November ,2015 Daily Exclusive ORYZA Rice E_Newsletter by Riceplus Magazine

8/20/2019 11th November ,2015 Daily Exclusive ORYZA Rice E_Newsletter by Riceplus Magazine

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Daily Exclusive ORYZA Rice E-Newsletter www.ricepluss.com,www.riceplusmagazine.blogspot.com

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All Contents are published with written permission of ORYZA.com with thanks

November 11,20Vol 5,Issu

mailto:[email protected]:[email protected]:[email protected]


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Argentina Rice Exports Increase Sharply inFirst Six Months of 2015Nov 10, 2015

Argentina has exported around 432,568 tons of rice in the first six months of 2015 (January -June), up about 21% from around 358,598 tons exported during the same period in 2014,according to data from the Ministry of Agriculture in Argentina.

In June 2015, Argentina exported around 131,002 tons of rice, up about 19% from around109,775 tons in May 2015 and more than twice from around 61,648 tons exported in June 2014.

Argentina exported around 30,000 tons of rice to Iraq (about 23% of total June 2015 exports),

around 29,067 tons of rice to Cuba (about 22% of June 2015 exports), around 23,768 tons of riceto Chile (about 18% of June 2015 exports), around 20,593 tons of rice to Brazil (about 16% ofJune 2015 exports), around 10,739 tons of rice to Bolivia (about 8% of June 2015 exports) andaround 7,953 tons of rice to Senegal (about 6% of June 2015 exports) in June 2015.

It exported the remaining 7% or around 9,170 tons of rice to Belgium (857 tons), Canada (1,177tons), Denmark (260 tons), the U.S. (1,428 tons), Israel (184 tons), Nicaragua (360 tons),Paraguay (110 tons), Algeria (1,999 tons), Costa Rica (1,750 tons), Honduras (325 tons), Italy


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(162 tons), New Zealand (20 tons), Netherlands (65 tons), U.K. (45 tons), Germany (72 tons),and Ukraine (20 tons) during the month.

Government of Thailand Advises RiceFarmers to Grow Taro Instead of Rice toCope with Water ShortagesNov 10, 2015

The government of Thailand is advising the rice farmers in the Central provinces to grow taroinstead of rice in this season due to water shortages in the Chao Phraya River basin, according toXinhua.

An official from the Rice Department told local sources that farmers are being encouraged togrow taro, which will yield more income than rice. "Taro can bring up more income than rice.For instance, one ton of taro currently sells for an average of 25,000 baht (about 694 U.S.dollars), compared to the average price of only 6,500 baht (about 180 U.S. dollars) for a ton ofrice," he said.

Farmers are essentially advised to grow less water-consuming plants. The Rice Department isalso discouraging farmers from growing second and third crops to contain severe drought

problems. The Prime Minister recently noted that the current water problem has arisen due tofarmers growing more rice crops in a year, which are said to have demanded large volumes ofwater from major dams in the north. He reportedly instructed officials to restrict irrigation water

for extra crops in the central region since last year.

The extending drought conditions are likely to lower the Thai paddy rice production to around22.98 million tons in 2015-16, down about 30% from around 32.62 million tons last year

Italian Paddy Rice Prices Continue toIncrease in First Week of November 2015Nov 10, 2015


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Italian paddy rice prices, which were quite low in the last week of September last week and firstweek of October, have started increasing from the second week of October and are continuingthe pace. Prices of both Indica and Japonica varieties have increased during the week October 27- November 3, 2015. Harvesting of the 2015-15 rice land is complete and the data regarding theavailability of stocks will be released soon, according to the local sources.

Below are farm gate paddy quotes from the Milan grain exchange, as of November 3, 2015:

Arborio-Volano rice is quoted 650-675 euros (about $ 699-726) per ton, unchanged from a week prior; Balilla, Centauro and similar paddies are out at 330-350 euros (about $ 355-398) per ton,up from 315-335 euros (about $ 339-382) per ton of October 27.

Lido, Crono, Flipper and similar varieties are unchanged at 285-305 euros (about $ 306-328);

Padano, Argo is out at 385-430 euros (about $ 414-462) per ton, unchanged from a week prior.

Vialone Nano was quoted in the week of November 3; on October 27 it was out at 545-570 euros(about $ 586-613) per ton.


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Carnaroli is quoted 660-715 euros (about $ 710-769) per ton, up from 650-705 euros (about $695-759) of one week prior.

Thaibonnet and similar varieties are unchanged at 280-300 euros (about $ 301-322) per ton.

Sant'Andrea is quoted 370-400 euros (about $ 398-430) per ton, up from 350-380 euros (about $376-409) of October 27.

Luna Cl, Dardo and similar varieties are shown at 290-310 euros (about $ 312-333) per ton, upfrom 285-305 euros ($ 306-328) per ton of October 27.

Baldo is quoted 360-380 euros (about $ 387-409) per ton, unchanged from a week prior.

Roma was quoted 390-420 euros (about $ 419-452) per ton, up from 370-400 euros (about $398-430) per ton of October 27.

Selenio is quoted 330-370 euros (about $ 355-398) per ton, up from 315-355 euros (about $ 339-382) per ton of October 27.

Augusto is out at 355-375 euros (about $ 382-403) per ton, up from 330-350 euros (about $ 355-76) per ton of a week prior; Loto and Nembo are quoted 320-350 euros (about $ 344-376) perton, up from 295-325 euros (about 317-349) per ton of a week prior.

Brazil Rice Stocks Decline About 3% m/m to121,038 Tons in October 2015Nov 10, 2015

Brazil rice stocks stood at around 121,038 tons in October 2015, down about 3% from around124,777 tons in September 2015 and down about 76% from around 494,339 tons in October2014, according to the country's national grain supplying agency Conab.

According to Conab, rice stocks with the Selling Option Contract of Agricultural Products(OPCAO) stood at around 68,683 tons, down about 4% from around 72,558 tons in September2015 and down about 77% from around 299,621 tons in October 2014.

Rice stocks with the Federal Government Acquisition (AGF) stood at around 51,349 tons, downabout 2% from around 52,213 tons in September 2015 and down about 75% from around194,313 tons in October 2014.

Rice stocks with farmers (Agricultural Familiar) stood at around 6 tons in August 2015,unchanged from September 2015 and down about 99% from around 405 tons in October 2014.


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In September 2015, Brazil’s National Grains Supply Company (Conab) has forecasted thecountry's 2014-15 paddy rice production at around 12.449 million tons (around 8.6 million tons,

basis milled), up about 2.7% from around 12.121 million tons (around 8.24 million tons, basismilled) in 2013-14, and slightly up from its August estimate of around 12.342 million tons(around 8.51 million tons, basis milled).

USDA Estimates U.S. 2015-16 All RiceSupplies to Increase on Higher Production

Nov 10, 2015

In its November 2015 World Agricultural Demand and Supply Estimates (WASDE) report,USDA estimates the U.S. all rice supplies at around 12.01 million tons, u p from its last month’sforecast of 11.88 million tons and down from 12.56 million tons in 2014-15 due to expectedhigher production. The U.S. long-grain rice supply estimates are raised to 8.2 million tons, andthe U.S. short and medium grain rice supply estimates are raised to 3.72 million tons, from lastmonth.

USDA estimates U.S. 2015-16 U.S. all rice production (milled basis) at around 8.65 million tons,up from last month's estimate of 8.52 million tons due to a likely increase in yields to around8.35 tons per hectare. However, the production is expected to be lower than last year's estimated10.02 million tons. Long-grain rice production is estimated at around 6.01 million tons, down


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from last month's estimate of 5.91 million tons; and short- and medium- grain production isestimated at around 2.65 million tons, down from last month's estimate of 2.61 million tons.

USDA raised all rice domestic and residual use to around 5.67 million tons, down from lastmonth's estimates of around 5.67 million tons. Long-grain estimates are raised to 4.26 milliontons and combined medium- and short- grain estimates are raised to 1.5 million tons.

It estimates 2015-16 U.S. all rice exports at around 4.45 million tons, up from last month'sforecast of 4.4 million tons and down from last year's 4.76 million tons. Estimates for the U.S.long grain exports are raised to around 2.95 million tons from last month's estimate of 2.9million tons. However, no changes are made to the export estimates of the combined medium-and short- grain rice.

Average farm prices of all rice and long-grain rice are expected to decline to around $293.21 -$315.26 per ton and $253.53 - $275.70 per ton respectively, but those of combined medium- andshort- grain rice are expected to increase to around $388.00 - $410.00 per ton.

Oryza U.S. Rough Rice Recap – WeakerPrices Seen after WASDE Report SurprisesMarket with Increased Yields and GreaterGlobal Ending StocksNov 11, 2015

The U.S. cash market was weaker again today after the USDA World Agriculture Supply andDemand Estimate report showed that 2015/2016 global ending stocks increased 3% from the lastreport as consumption falls in China and India.

The USDA left their 2015/2016 long grain ending stocks figure unchanged from last month at21.8 million cwt (0.99 million tons) however there were a few changes made to the US longgrain balance sheet.

They increased their domestic use and export figures both by 1.0 million cwt (45,360 tons),which some in the industry had expected, however this was completely offset by a 2.0 million

cwt (90,719 tons) increase in production on account of greater yields, which almost no one hadexpected.

The USDA also decreased their average on farm price for long grain paddy from $12.80-$13.80 per cwt ($282-$304 per ton) back to $11.50-12.50 per cwt ($254-$276 per ton) which was whatthey had forecasted in their September report.


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Going into the report, the consensus was that the USDA would cut their yield forecast as well astheir end stocks figure and as a result this report surprised many in the industry.

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Continue toSlide as Bearish USDA S&D Report CausesU.S Grains to SelloffNov 11, 2015

Chicago rough rice futures for Jan delivery settled 17.5 cent per cwt (about $4 per ton) lower at$11.880 per cwt (about $262per ton). The other grains finished the day sharply lower as well, astraders reacted to a bearish USDA S&D report; Soybeans closed about 1.2% lower at $8.5550

per bushel; wheat finished about 2.2% lower at $4.9075 per bushel, and corn finished the dayabout 2.1% lower at $3.5550 per bushel.

U.S. stocks traded in a range Tuesday, pausing after Monday's roughly 1 percent decline, asinvestors continued to weigh the likelihood of a December rate hike. European stocks closedmixed. Asian equities ended mostly lower, with only Japan's Nikkei closing a touch higher.Overnight, data from China increased concerns of deflationary pressure and lack of domesticresponse to stimulus measures so far. The country's National Bureau of Statistics reported theOctober consumer price index rose a less-than-expected 1.3% from a year earlier, while the

producer price index fell 5.9% for its 44th straight month of decline. The major U.S. averagesfell about 1% Monday for their biggest decline in six weeks, as investors weighed the odds of aninterest rate hike by the Federal Reserve in December, as well as soft trade data from China. Ineconomic news, import prices declined a more-than-expected 0.5% in October, while export

prices fell 0.2%.Wholesale inventories rose 0.5% in September, the largest gain in 3 months. Inafternoon trade, the Dow Jones Industrial Average gained 2 points, or 0.01%, to 17,736. TheS&P 500 traded up 1 point, or 0.05%, to 2,079, with health care leading six sectors higher andmaterials the greatest laggard. The Nasdaq declined 17 points, or 0.34%, to 5,077. Gold is seentrading unchanged, crude oil is seen trading about 1.3% higher, and the U.S. dollar is seentrading about 0.2% higher about 1:05pm Chicago time.

Monday, there were 960 contracts traded, up from 357 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday increased by 101 contracts to 11,992.

Global Rice Quotes November 10th, 2015


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Long grain white rice - high qualityThailand 100% B grade 360-370 ↔Vietnam 5% broken 370-380 ↔India 5% broken 345-355 ↔Pakistan 5% broken 320-330 ↔Myanmar 5% broken 405-415 ↔Cambodia 5% broken 415-425 ↔U.S. 4% broken 490-510 ↔Uruguay 5% broken 535-545 ↔Argentina 5% broken 530-540 ↔

Long grain white rice - low qualityThailand 25% broken 345-355 ↔Vietnam 25% broken 355-365 ↔Pakistan 25% broken 290-300 ↔

Cambodia 25% broken 400-410 ↔India 25% broken 325-335 ↔U.S. 15% broken 500-510 ↔

Long grain parboiled riceThailand parboiled 100% stxd 350-360 ↔Pakistan parboiled 5% broken stxd 405-415 ↔India parboiled 5% broken stxd 340-350 ↔U.S. parboiled 4% broken 590-610 ↔Brazil parboiled 5% broken 545-555 ↔Uruguay parboiled 5% broken NQ ↔

Long grain fragrant riceThailand Hommali 92% 785-795 ↔Vietnam Jasmine 470-480 ↔India basmati 2% broken NQ ↔Pakistan basmati 2% broken NQ ↔Cambodia Phka Mails 830-840 ↔

BrokensThailand A1 Super 320-330 ↔Vietnam 100% broken 330-340 ↔

Pakistan 100% broken stxd 280-290 ↔Cambodia A1 Super 355-365 ↔India 100% broken stxd 285-295 ↔Egypt medium grain brokens NQ ↔U.S. pet food 330-340 ↔Brazil half grain NQ ↔

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

11th November ,2015 Daily Exclusive ORYZA Rice E_Newsletter by Riceplus Magazine

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