Top Banner
www.riceplusmagazine.blogspot.com & www.ricepluss.com For daily E-Newsletter & Blog Advertisement contact: [email protected] Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine News are published with permission of ORYZA.com Page 1 July 23 2015 Vol 5 ,Issue VII
15

23rd july (thursday),2015 daily exclusive oryza rice e newsletter by riceplus magazine

Jul 22, 2016

Download

Documents

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]
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Page 1: 23rd july (thursday),2015 daily exclusive oryza rice e newsletter by riceplus magazine

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

For daily E-Newsletter & Blog Advertisement contact: [email protected]

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

News are published with permission of ORYZA.com Page 1

July 23 2015 Vol 5 ,Issue VII

Page 2: 23rd july (thursday),2015 daily exclusive oryza rice e newsletter by riceplus magazine

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

For daily E-Newsletter & Blog Advertisement contact: [email protected]

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

News are published with permission of ORYZA.com Page 2

Thailand Plans to Sell 500,000 Tons of Rice in

Next Auction

Jul 22, 2015

The Thai Commerce

Ministry is planning to

auction around 500,000

tons of rice in the next

auction, according to

Reuters. This is the fifth

auction this year and

ninth after the military

government took over in

May 2014.The

Commerce Minister told

local sources that the

exact tender date would

be announced shortly

and bidders will go

through a qualification

process next week.

The government sold around 3.88 million of rice raising around 40 billion baht (around $1.15

billion) from the first eight auctions.The military government is still holding around 15.11

million tons of rice in its stockpiles. It is planning to auction around 1.29 million tons of spoilt

rice for industrial use by the end of this month.

The Commerce Ministry is expecting Thailand to export around 10 million tons of rice in 2015

despite a drought threatening to lower Thai rice production. However the Thai Rice Exporters

Association (TREA) is expecting Thailand to export only 9.5 million tons against its earlier

estimation of 10 million tons.

Page 3: 23rd july (thursday),2015 daily exclusive oryza rice e newsletter by riceplus magazine

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

For daily E-Newsletter & Blog Advertisement contact: [email protected]

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

News are published with permission of ORYZA.com Page 3

China Rice Imports Increase Sharply in First

Six Months of 2015

Jul 22, 2015

China has imported around 1.42 million tons of rice in the first six months of 2015 (January -

June), up about 7% from around 1.32 million tons imported during the same period last year,

according to data from China Customs General Administration.

Page 4: 23rd july (thursday),2015 daily exclusive oryza rice e newsletter by riceplus magazine

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

For daily E-Newsletter & Blog Advertisement contact: [email protected]

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

News are published with permission of ORYZA.com Page 4

In June 2015, China imported around 404,800 tons of rice, up about 16.5% from around 347,400

tons imported in May 2015, and up about 69% from around 24,000 tons imported in June 2014.

China has exported around 116,500 tons of rice in first six months of 2015, up about 45% from

around 80,346 tons exported during the same period last year, according to data from the China

Customs General Administration.

In June 2015, China exported around 35,300 tons of rice, up about 2.7 times from around 13,100

tons exported in May 2015 and over twice from around 16,545 tons exported in May 2014.

China imported about 2.563 million tons of rice and exported about 419,069 tons of rice and in

2014.

USDA estimates China to produce around 146 million tons of milled rice in MY 2015-16 (July -

June). It estimates China to import around 4.7 million tons and export around 400,000 tons of

rice in 2015.

India Removes Quantitative Restrictions on

Rice Bran Oil Exports; Allows Bulk Exports

Jul 22, 2015

The government of India has removed quantitative

restrictions on exports of rice bran oil and allowed for

its bulk exports, according to local sources.The

Cabinet Committee on Economic Affairs (CCEA) has

reportedly approved the proposal of the Commerce

Ministry to "allow unrestricted exports of rice bran

oil in bulk", and removed the quantitative restrictions

of 10,000 tonnes per annum on exports of organic

edible oils.The government has also not imposed any

restrictions in terms of minimum export price (MEP)

or consumer packs. The move is expected to help

small millers to realize better prices as local demand

for rice bran oil is still low.The Executive Director of

the Solvent Extractors Association has welcomed the

move. "This would help rice farmers as well as the

country in realising full potential in this segment.

India produces one million tons of rice bran oil, but

Page 5: 23rd july (thursday),2015 daily exclusive oryza rice e newsletter by riceplus magazine

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

For daily E-Newsletter & Blog Advertisement contact: [email protected]

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

News are published with permission of ORYZA.com Page 5

we have capacity to reach 1.6 million tons," he was quoted as saying.

The rice bran oil exports will be registered and certified as "organic" by the Agricultural &

Processed Food Products Export Development Authority (APEDA).

India imports about 10 million tons of vegetable oil, mostly edible, annually. Edible oil exports

were banned since March 17, 2008, but the government has been allowing some exemptions

from time to time.Local sources noted that the move would attract more investments in "organic"

exports.

Separately, the government has allowed for the extension of 3% interest subvention scheme for

FY 2015-16 under which banks can provide a 3% interest subvention on short-term crop loans.

Currently, farmers get loans up to Rs.3 lakh at 7% interest per annum. The scheme allows banks

to provide an additional subvention of 3% to those who pay loans of time.The subvention

scheme will be applicable to farmers who repay their amounts within one year of disbursal and

will be restricted to loans up to Rs.3 lakh. The scheme will also be applicable for post-harvest

loans taken by small and marginal farmers against their negotiable warehouse receipts. All public

sector banks, private banks, cooperative banks, regional rural banks and National Bank for

Agriculture and Rural Development (NABARD) can implement the scheme.

Global Rice Quotes

July 22nd, 2015

Long grain white rice - high quality

Thailand 100% B grade 390-400 ↓

Vietnam 5% broken 345-355 ↔

India 5% broken 385-395 ↔

Pakistan 5% broken 370-380 ↔

Myanmar 5% broken 400-410 ↔

Cambodia 5% broken 425-435 ↔

U.S. 4% broken 470-480 ↔

Uruguay 5% broken 535-545 ↔

Argentina 5% broken 530-540 ↔

Page 6: 23rd july (thursday),2015 daily exclusive oryza rice e newsletter by riceplus magazine

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

For daily E-Newsletter & Blog Advertisement contact: [email protected]

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

News are published with permission of ORYZA.com Page 6

Long grain white rice - low quality

Thailand 25% broken 360-370 ↔

Vietnam 25% broken 325-335 ↔

Pakistan 25% broken 330-340 ↔

Cambodia 25% broken 410-420 ↔

India 25% broken 350-360 ↔

U.S. 15% broken 445-455 ↔

Long grain parboiled rice

Thailand parboiled 100% stxd 390-400 ↓

Pakistan parboiled 5% broken stxd 415-425 ↔

India parboiled 5% broken stxd 380-390 ↔

U.S. parboiled 4% broken 555-565 ↔

Brazil parboiled 5% broken 545-555 ↔

Uruguay parboiled 5% broken NQ ↔

Long grain fragrant rice

Thailand Hommali 92% 855-865 ↔

Vietnam Jasmine 485-495 ↔

India basmati 2% broken NQ ↔

Pakistan basmati 2% broken NQ ↔

Cambodia Phka Mails 835-845 ↔

Brokens

Thailand A1 Super 320-320 ↔

Vietnam 100% broken 315-325 ↔

Pakistan 100% broken stxd 285-295 ↔

Cambodia A1 Super 350-360 ↔

Page 7: 23rd july (thursday),2015 daily exclusive oryza rice e newsletter by riceplus magazine

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

For daily E-Newsletter & Blog Advertisement contact: [email protected]

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

News are published with permission of ORYZA.com Page 7

India 100% broken stxd 305-315 ↔

Egypt medium grain brokens NQ ↔

U.S. pet food 325-335 ↔

Brazil half grain NQ ↔

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

'Rice Board' Needed to Fix and Maintain

Rice Prices in Pakistan, Say Exporters

Jul 22, 2015

Pakistan rice exporters are reportedly expressing concern that the country's rice sector lacks a

specific forum that would fix, maintain and control rice prices in the country, according to local

sources.The Chairman of the Rice Exporters Association of Pakistan (REAP) noted that

Page 8: 23rd july (thursday),2015 daily exclusive oryza rice e newsletter by riceplus magazine

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

For daily E-Newsletter & Blog Advertisement contact: [email protected]

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

News are published with permission of ORYZA.com Page 8

exporters have been facing numerous problems in fixing prices for different qualities of rice. He

says rice growers usually do not disclose their cost of production and stocks due to which

exporters cannot come to a conclusion over prices. He also adds that growers complain of low

prices and high costs for whatever prices offered by exporters.

He therefore stressed for setting up a 'Rice Board' is necessary to bring growers and exporters

together and fix prices as well as settle other related issues.A senior government officer in the

Ministry of National Food Security and Research also added that most decisions taken by the

government are difficult to implement because of lack of coordination between stakeholders.

Last month, the Pakistan Chambers of Commerce and Industry (FPCCI) urged the government to

set up a Rice Development Board to help promote different rice varieties as well as focus on

increasing rice exports.Separately, the government is planning to fix an export target $40 billion

worth of products, including rice, engineering products, leather and surgical instruments, in the

Strategic Trade Policy Framework (STPF) 2015-18, which is likely to be announced in August.

The government will reportedly fix a target of $30 billion exports in FY 2015-16 (July - June),

target of $35 billion exports in FY 2016-17 and a target of $40 billion exporters in FY 2017-18.

Oryza Afternoon Recap – Chicago Rough

Rice Futures Continue to Rally on their Own

as Grains Slip along with Crude

Jul 22, 2015

Chicago rough rice futures for Sep delivery settled 11.5 cents per cwt (about $3 per ton) higher at

$11.120 per cwt (about $245 per ton). The other grains finished the day lower; Soybeans closed

about 0.9% lower at $9.9525 per bushel; wheat finished about 1.5% lower at $5.1675 per bushel,

and corn finished the day about 1% lower at $4.1325 per bushel.U.S. stocks traded lower on

Wednesday as disappointing tech earnings weighted down on the three major indices. U.S.

stocks closed lower on Tuesday, with lackluster earnings from IBM and UTX sending the Dow

Jones down 1% and the Nasdaq off its recent records. The Nasdaq Composite briefly fell more

than 1% in the open before trimming losses to about 0.5% lower. The S&P and the Dow Jones

industrial average also flirted with trading positive in midmorning trade. Nevertheless, all three

major indexes fell back to around session lows in late-morning trade.

In economic news, U.S. home prices rose 0.4% in May from April, up from 5.7% a year ago,

FHFA said. Existing home sales rose 3.2% from the previous month in June, their highest levels

in over eight years. Overseas, Greece's parliament is due to vote on Wednesday on a second set

Page 9: 23rd july (thursday),2015 daily exclusive oryza rice e newsletter by riceplus magazine

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

For daily E-Newsletter & Blog Advertisement contact: [email protected]

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

News are published with permission of ORYZA.com Page 9

of reforms that lenders have demanded in exchange for further bailout funds. European stocks

ended Wednesday trading in the red. The Dow Jones Industrial Average traded down 78 points,

or 0.44%, at 17,839. The S&P 500 traded down 5 points, or 0.26%, at 2,113, with information

technology leading five decliners and financials the greatest advancer. The Nasdaq traded down

29 points, or 0.57%, at 5,178. Gold is trading about 1.1% lower, crude oil is seen trading about

3.2% lower, and the U.S. dollar is seen trading at about 0.3% higher at about 1:00pm Chicago

time.Tuesday, there were 520 contracts traded, up from 474 contracts traded on Monday. Open

interest – the number of contracts outstanding – on Tuesday increased by 35 contracts to 8,725.

Oryza Overnight Recap – Chicago Rough

Rice Futures Continue to Show Strength as

Market Looks to Test Resistance at $11.180

Jul 22, 2015

Chicago rough rice futures for Sep delivery are currently seen trading 7 cents per cwt (about $2

per ton) higher at $11.065 per cwt (about $244 per ton) during early floor trading in

Chicago. The other grains are seen trading lower this morning; soybeans are currently seen

trading about 0.6% lower, wheat is listed about 0.4% lower and corn is currently noted about

0.8% lower.U.S. stocks traded lower on Wednesday as key tech earnings disappointed most

investors. The Nasdaq Composite briefly fell more than 1% in the open before trading about

0.8% lower. Corporate reports before the open Wednesday were slightly more encouraging.

Commodities also remain in focus, with gold extending losses to trade below $1,100 an ounce

and crude oil near $50 a barrel.

In economic news, U.S. home prices rose 0.4% in May from April, up from 5.7% a year ago,

FHFA said. Existing home sales rose 3.2% from the previous month in June. Overseas, Greece's

parliament is due to vote on Wednesday on a second set of reforms that lenders have demanded

in exchange for further bailout funds. The Dow Jones Industrial Average traded down 32 points,

or 0.18%, at 17,888. The S&P 500 traded down 5 points, or 0.23%, at 2,114, with information

technology leading five decliners and consumer discretionary the greatest advancer. The Nasdaq

traded down 44 points, or 0.83%, at 5,164. Gold is currently trading about 1.4% lower, crude oil

is seen trading about 1.7% lower, and the U.S. dollar is currently trading about 0.3% higher

at 9:15am Chicago time.

Sri Lanka Begins Three-Day Agricultural

Field Event to Educate Rice Farmers

Page 10: 23rd july (thursday),2015 daily exclusive oryza rice e newsletter by riceplus magazine

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

For daily E-Newsletter & Blog Advertisement contact: [email protected]

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

News are published with permission of ORYZA.com Page 10

Jul 22, 2015

Sri Lanka has begun a three-day agricultural field event "Rice Self-Sufficiency and Beyond" on

July 22 and will continue till July 24 at Batalegoda Rice Research and Development Institute,

according to the government official web portal.

The event aims at educating rice farmers regarding the recent developments in the country and

help them boost rice production. Farmers will be educated about the recently recommended

paddy varieties, anti-weeds campaigns and techniques, demonstrations on weed management,

traditional paddy varieties, the qualitative characters of traditional and upgraded paddy varieties,

manure application, combined herbicide control methods, the effects of using various types of

herbicides for weed management, various rice planting techniques, seed paddy clinic, wet/dry

irrigation, and production of various food items using rice etc.

Monsoon Rains Damage $415,455 Worth

Rice Crop in Philippines

Page 11: 23rd july (thursday),2015 daily exclusive oryza rice e newsletter by riceplus magazine

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

For daily E-Newsletter & Blog Advertisement contact: [email protected]

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

News are published with permission of ORYZA.com Page 11

Jul 22, 2015

The south-west monsoon rains have damaged around 18.8 million peso (around $415,455) worth

rice crop in the northern Luzon region of the Philippines, Bloomberg quoted the Office of Civil

Defence.The monsoon rains caused damage to around 30.7 million peso (around $678,429)

worth crops, including rice.

The Philippines paddy output in the first half of 2015 has reached around 8.3 million tons, down

about 1% from last year's 8.39 million tons and down about 2.4% from the targeted 8.5 million

tons, according to a preliminary report by the Department of Agriculture (DA).

The National Food Authority (NFA) already imported around 750,000 tons of rice from Vietnam

and Thailand and has approved private traders to import around 805,200 tons of rice under WTO

minimum access volume (MAV) country specific (CSQ) to maintain buffer stocks and curb price

hikes. It is further authorized to import another 250,000 tons if need arises.

Italy to Organize 105th Rice Seed Contest

Page 12: 23rd july (thursday),2015 daily exclusive oryza rice e newsletter by riceplus magazine

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

For daily E-Newsletter & Blog Advertisement contact: [email protected]

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

News are published with permission of ORYZA.com Page 12

Jul 22, 2015

Italy is preparing to organize the 105th rice seed contest for breeders, according to local sources.

The contest is promoted by the Ente Nazionale Risi, the National Agency for Rice, and the

Council for Research in Agriculture and the Agricultural Economic Analysis (CRA-SCS e CRA-

RIS).

Each participating breeder/company can apply for a maximum of three varieties. According to

the contest rules, the companies must cultivate each variety on an area of at least two hectares

and the final ranking will be decided after the analysis of a representative sample of the seed

product. Each of the following characteristics of the seed product will be studied: 1. the number

of red grains, 2. the degree of varietal purity, 3. the percentage of germination, and 4. the

magnitude of the diseases that can be transmitted them through the seeds.

A total of five different variety groups will be examined separately.

The winners will get golden panicles, silver cups, certificates of excellence, quality marks

and special prizes are being offered by Basf Italy srl for Clearfield varieties.

Page 13: 23rd july (thursday),2015 daily exclusive oryza rice e newsletter by riceplus magazine

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

For daily E-Newsletter & Blog Advertisement contact: [email protected]

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

News are published with permission of ORYZA.com Page 13

Breeders/companies should send their application forms before September 30, 2015.

TREA Expects Drought to Push Up Domestic

and Export Rice Prices in Second Half of

2015

Jul 22, 2015

Page 14: 23rd july (thursday),2015 daily exclusive oryza rice e newsletter by riceplus magazine

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

For daily E-Newsletter & Blog Advertisement contact: [email protected]

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

News are published with permission of ORYZA.com Page 14

The Thai Rice Exporters Association (TREA) is expecting the ongoing drought conditions to

push up Thailand's domestic and export rice prices in the second half of 2015, according to local

sources. Yesterday, the association lowered its estimations for 2015 Thai rice exports to 9.5

million tons from earlier estimation of 10 million tons due to drought.

The President of the TREA noted that global rice prices, which have been falling for the last few

months, are likely to increase amid higher demand and lower supply in Thailand and other

countries. He said production is Thailand alone is expected to decline about 15-20% or about 2-3

million tons due to drought.

In Thailand, the TREA is expecting the domestic paddy prices to increase to around 9,000 baht

(around $260) per ton in the second half of this year from the current 8,500 baht (around $245)

per ton. The association is expecting the export prices of white rice to be over $400 per ton from

the current $390 per ton.

He however noted that that global factors such as financial crises in the EU nations and declining

oil prices are likely to impact global rice prices as they would impact purchasing power in some

rice importing nations.

The Honorary President of the TREA noted that baht's depreciation had stabilized the export

price of rice but expressed confidence that low production levels due to drought conditions

would drive back the domestic rice prices.

The association urged the government to manage rice stocks with high efficiency to ensure

minimum impact on market prices. It also noted that the government should focus more on

government-to-government (G2G) contracts with rice importing countries, promote jasmine rice

exports, stabilize baht and reduce trade obstacles with many countries.

In its July Rice Outlook report, USDA has forecasted 2015 global rice trade at around 43.7

million tons, slightly up from an estimated 43.4 million tons in 2014, and global rice production

to decline to around 476.28 million tons this year from around 478.18 million tons last year.

Thailand Rice Sellers Lower Some of Their

Quotes Today; Other Asia Quotes Unchanged

Jul 22, 2015

Thailand rice sellers lowered their quotes for 5% broken rice and Parboiled rice by about $5 per

ton each to around $380-$390 per ton and $390-$400 per ton respectively. Other Asia rice sellers

Page 15: 23rd july (thursday),2015 daily exclusive oryza rice e newsletter by riceplus magazine

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

For daily E-Newsletter & Blog Advertisement contact: [email protected]

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

News are published with permission of ORYZA.com Page 15

kept their quotes mostly

unchanged.

5% Broken Rice

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

yesterday and about $35 per ton premium on Vietnam 5% rice shown at around $345 - $355 per

ton. India 5% rice is indicated at around $385 - $395 per ton, about $15 per ton premium on

Pakistan 5% rice shown at around $370 - $380 per ton.

25% Broken Rice

Thailand 25% rice is shown at around $360 - $370 per ton, about $35 per ton premium on

Vietnam 25% rice shown at around $325- $335 per ton.

India 25% rice is indicated at around $350 - $360, about $20 per ton premium on Pakistan 25%

rice shown at around $330 - $340per ton.

Parboiled Rice

Thailand parboiled rice is indicated at around $390 - $400 per ton, down about $5 per ton from

yesterday. India parboiled rice is indicated at around $380- $390 per ton, about $35 per ton

discount to Pakistan parboiled rice was last shown at around $415 - $425 per

ton.

100% Broken Rice

Thailand broken rice, A1 Super, is indicated at around $320 - $330 per ton, about $5 per ton

from premium on Vietnam 100% broken rice shown at around $315 - $325 per ton. India's 100%

broken rice is shown at around $305 - $315 per ton, about $20 per ton premium on Pakistan

broken sortexed rice shown at around $285 - $295 per ton.