12th January ,2016 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

7/23/2019 12th January ,2016 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

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Daily Exclusive ORYZA Rice E-Newsletter

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www.ricepluss.com www.riceplusmagazine.blogspot.com

January 12,2016

Vol 6,Iss


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EU Rice Imports Increase Sharply in

September 1, 2015 -January 5, 2016

Jan 11, 2016

According to the latest data issued by the European Union (EU), rice imports by the EUincreased sharply since the beginning of the crop year 2015-16 (September 1, 2015 - August 31,2016).

The EU imported about 392,569 tons of rice during the period September 1, 2015 - January 5,2016, up about 31% from around 299,310 tons imported during the same period last year.

Japonica rice imports increased about 14% to around 27,748 tons in September 1, 2015 - January5, 2016 period from around 24,358 tons during the same period last year. Indica rice importsincreased about 33% to around 364,821 tons during the said period from around 274,952 tons

last year.

The UK remained the largest importer in September 1, 2015 - January 5, 2016 period witharound 97,775 tons followed by France (68,683 tons), Netherlands (43,151 tons), Poland (28,153tons), Italy (27,421 tons), Germany (27,019 tons), and Portugal (18,675 tons). Other EUcountries imported 65,228 tons.


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During the week ended January 5, 2015, the EU imported around 13,028 tons of rice, downabout 55% from around 29,140 tons imported during the week ended December 15, 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.

Cambodia Exporters Lower Their Rice

Quotes for China to Cope With Yuan

Depreciation

Jan 11, 2016

Cambodia exporters are lowering their rice quotes to China to accommodate for yuan

depreciation against the U.S. dollar, according to Khmer Times.

The Vice-President of the Cambodia Rice Federation (CRF) told reporters that Cambodian riceexporters will need to adjust their prices to compete in the China market. Thailand andMyanmar lowered their rice prices and if we dont follow suit we cannot sell our product [inChina], he said.

Fragrant rice was priced at $740 per ton on average [in China] at the end of 2015, compared toaround $800 per ton early in the year and white rice is going for $430 per ton, about $20 to $30lower per ton, he added.

Yuan depreciated by about 2.3% to around 6.58 per dollar on January 10, 2016 from around 6.43per dollar on December 13, 2015.

Cambodia's rice exports to China have been increasing over the past few years. Cambodiaexported around 116,639 tons of rice to China in 2015 accounting for about 22% of the total riceexports during the year. The Deputy director of the General Department of Agriculture noted thatexports to China were a major factor in the increase in the country's rice export last year. "Thiswas due to lobbying from the government to identify new markets and the close relationshipbetween the Cambodian and Chinese governments," he said.

Cambodia reportedly exported around 538,396 tons of milled rice in 2015 (January - December),

up about 39% from around 387,061 tons exported during the same period last year.

Brazil Rice Stocks Decline About 3% m/m to

115,126 Tons in December 2015

Jan 11, 2016


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Brazil rice stocks stood at around 115,126 tons in December 2015, down about 3% from around118,250 tons in November 2015 and down about 67% from around 351,860 tons in December2014, 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 65,540 tons, down about 4.5% from around 68,658 tons in November2015 and down about 68% from around 202,861 tons in December 2014.

Rice stocks with the Federal Government Acquisition (AGF) stood at around 49,586 tons,unchanged from November 2015 and down about 67% from around 148,057 tons in December2014.

Rice stocks with farmers (Agricultural Familiar) were nil, compared to around 6 tons inNovember 2015 and down around 942 tons in December 2014.

Analysts Forecast Government of India to

Procure Over 32 Million Tons of Rice in KMS

2015-16

Jan 11, 2016


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Based on the current pace of rice procurement by the Food Corporation of India (FCI) and thegovernment agencies, analysts are forecasting that government's rice procurement in KMS 2015-16 (October 2015 - September 2016) may exceed last year's level of 32 million tons, according to

the Press Trust of India.

The rice procurement is expected to be high despite prospects of lower production due todeficient monsoons. The FCI and the government agencies procured 20 million tons of rice so farin the 2015-16 KMS, up about 31% from around 15.29 million tons last year. The governmenttargets to procure 30 million tons of rice this year.

"Despite the Agriculture Ministry's first estimate of lower production, somehow riceprocurement has been higher so far in most states. If the current trend continues, the overall riceprocurement in 2015-16 would surpass last year's level," a senior Food Ministry official toldreporters.

Punjab (9.349 million tons), Haryana (2.854 million tons) and Chhattisgarh (2.311 million tons)are the top contributors to the central pool so far in KMS 2015-16.

The government of India fixed the minimum support price (MSP) of common variety of paddy ataround $1,410 per quintal (around $213 per ton) and that of Grade A paddy at $1,450 per quintal(around $219 per ton) for the 2015-16 kharif season.

In its first estimate, the Agriculture Ministry has projected a fall in kharif rice production to90.61 million tons in the 2015-16 crop year (July-June) from 90.86 million tons in the previousyear due to 14% fall in monsoon rains.

Pakistan Basmati Rice Export Prices

Increase in December 2105 After Declining

for Three Months

Jan 11, 2016

Pakistan basmati rice export prices have increased in December 2015, after decliningcontinuously for three months from September 2015, according to the UN's Food andAgriculture Organization (FAO).

In December 2015, Pakistan's basmati rice export prices have increased by about 15% to around$716 per ton from around $621 per ton in November 2015, and down about 19% from their year-ago levels of around $885 per ton. In terms of local currency, average Pakistan basmati riceprices in December 2015 increased about 18% to around PKR 74,464 per ton from around PKR64,949 per ton in November 2015, and down about 16% from around PKR 88,350 per ton in


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December 2014.

Average Pakistan basmati rice prices stood at around $849 per ton in 2015 (January - December),down about 36% from around $1,324 per ton recorded during the same period last year.

The increase can be attributed to a new memorandum of understanding (MoU) signed betweenPakistan and Indonesia under which Pakistan will export one million tons of rice to Indonesiaover the next four year. The first tender to export 15,000 tons of rice, including 5,000 tons ofbasmati rice, has been reportedly finalized. Pakistan basmati rice exporters have been facing alow demand and high stocks for the last few months.

Pakistan exported 149,495 tons of basmati rice in the first five months of FY 2015-16 (July-June), down

about 31% from around 216,045 tons exported during the same period last year, according to the

Pakistan Bureau of Statistics


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Laos First Rice Shipment for China Clears

Quarantine Check

Jan 11, 2016

China has started importing from Laos and the first shipment of rice imports from the south-eastAsian nation have passed through inspection and quarantine procedures at South China'sShenzhen port, according to Xinhua Net.

According to the Shenzhen Entry-Exit Inspection and Quarantine Bureau, the first shipmentincluded 87.8 tons of rice worth $746 million.

Bureau officials noted that they have carried out both on-the-spot inspections and lab tests forpesticide residue and heavy metal pollutants on each batch of goods to ensure the quarantine

quality of the imports.

Laos is aiming to increase rice exports to China to over 10,000 tons a year

Philippines Rice Stocks Increase Sharply in

December 2015

Jan 11, 2016


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The Philippines rice stocks continued to increase for the third consecutive month in December2015 after declining for four months continuously, according to the Bureau of AgriculturalStatistics (BAS). The increase can be attributed to increasing imports.

Total rice stocks in the Philippines as of December 1, 2015 stood at around 3.44 million tons, up

about 11% from around 3.11 million tons recorded on November 1, 2015, and up about 13.5%from around 3.03 million tons recorded during the same period last year.

According to the BAS, household stocks (which account for about 47.8% of total rice stocks inthe country) stood at around 1.64 million tons as of December 1, 2015, up about 5% from year-ago levels of around 1.56 million tons. Commercial warehouse rice stocks (which account forabout 28.4% of total stocks) have reached around 980,000 tons as of December 1, 2015,unchanged from their year-ago levels. The rice stocks with the National Food Authority (NFA)(which account for 23.8% of total stocks) stood at around 820,000 tons, up about 67% fromaround 490,000 tons recorded in October 2014.

Month-on-month, household rice stocks are up about 8%, commercial warehouse rice stocks areup about 11% and NFA rice stocks - in which about 84.6% are imported rice - are up about 15%,according to the BAS.

The BAS says that the Philippines' rice stocks as of December 1, 2015 are enough to last for 100days (household and household stocks are enough for 47 days, commercial warehouses stocksare enough for 29 days and stocks with NFA are enough for 24 days).

Thailand to Encourage Rice Farmers to Cut

Paddy Rice Output to 25 Million TonsJan 11, 2016

The government of Thailand is taking requisite steps to encourage rice farmers to cut down thecountry's paddy rice production from the current 31-32 million tons to around 25 million tons,according to Reuters.

According to the Commerce Ministry Permanent Secretary, the government is to prepare acomprehensive plan regarding the new production targets in one month and submit it to the

National Rice Policy Committee.

"From now on, Thailand's rice production should comply with domestic and global demand eachyear," she said. "Once we have agreed to produce 25 million tonnes of paddy this year, relatedagencies including the Agriculture Ministry and Interior Ministry would have to work with riceexporters and farmers' associations on how to encourage farmers to manage their production asagreed," she added.


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Vietnam Exports About 6.6 Million Tons Rice

in 2015, Up 4% from Previous Year

Jan 11, 2016

Vietnam exported about 6.568 million tons of rice in calendar year 2015, up about 4% fromabout 6.33 million tons of rice exported in 2014, according to data from the Vietnam FoodAssociation (VFA). The average rice export price in this year stands at about $408 per ton(FOB), down about 7.5% per ton from about $441 per ton recorded in last year.

In December, 2015, Vietnam exported about 760,993 tons of rice, up about 61% from about472,575 tons rice exported in December 2014, and down about 1% from about 771,312 tons rice


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exported in November 2015. The average export price in December stands at about $407 per ton,down about 14% per ton from a year ago and up about 8% per ton from a month ago.

Vietnam Rice Sellers Lower Some of Their

Quotes Today; Other Asia Rice Quotes

Unchanged

Jan 11, 2016

Vietnam rice sellers lowered their quotes for Jasmine rice by about $20 per ton to about $425-$435 per ton today. Other Asia rice sellers kept their quotes unchanged today.

5% Broken Rice

Thailand 5% rice is indicated at around $350 - $360 per ton, on par with Vietnam 5% rice shownat around $350 - $360 per ton. India 5% rice is indicated at around $355 - $365 per ton, about$25 per ton premium on Pakistan 5% rice shown at around $330 - $340 per ton.

25% Broken Rice

Thailand 25% rice is indicated at around $340 - $350 per ton, on par with Vietnam 25% riceshown at around $340- $350 per ton. India 25% rice is indicated at around $325 - $335 per ton,about $20 per ton premium on Pakistan 25% rice shown at around $305 - $315 per ton.

Parboiled Rice

Thailand parboiled rice is indicated at around $355 - $365 per ton. India parboiled rice isindicated at around $345 - $355 per ton, about $60 per ton discount to Pakistan parboiled ricelast shown at around $405 - $415 per ton.

100% Broken Rice

Thailand broken rice, A1 Super is indicated at around $315 - $325 per ton, about $20 per tondiscount to Vietnam 100% broken rice shown at around $335 - $345 per ton. India's 100%broken rice is shown at around $265 - $275 per ton, about $20 per ton discount to Pakistanbroken sortexed rice shown at around $285 - $295 per ton.

Exclusive News have been shared with written permission of ORYZA.com with thanks

12th January ,2016 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

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