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2nd March,2015 Daily Exclusive ORYZA Rice E_Newsletter by Riceplus Magazine

Jun 01, 2018

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    Daily Exclusive ORYZA Rice  Newsletter

    Volume 5, Issue I

    March 02, 2015

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    Vietnam Exports About 356,012 Tons Rice

    During January 1 – February 25, 2015

    Feb 27, 2015

    Vietnam exported about 356,012 tons of rice in January 1 - February 25, 2015, down about 44%

    from about 637,756 million tons of rice exported in in first two months of 2014, according to

    data from the Vietnam Food Association (VFA). Average rice export price so far in this year

    stands at about $446 per ton (FOB), up about 3.7% per ton from same time last year.During

    February 1- 25, 2015, Vietnam exported about 135,623 tons of rice, down about 59% from about

    330,501 tons rice exported in full month of February 2014, and down about 38% from about

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    220,388 tons rice exported in full month of January 2015. Average export prices so far in

    February stand at about $441 per ton, down about 1% from a year ago, and down about 2% per

    ton from a month ago.

    Thailand Plans to Allocate $200 Million to

    Support Rice Farmers' Cooperatives

    Feb 27, 2015

    Thailand's Ministry of Agriculture and Cooperatives is planning to allocate about 6.5 billion baht

    (around $200 million) to support rice farmers' cooperatives to improve their business

    capabilities, according to local sources.The Ministry sources noted that the new fund would be

    used to support rice growers' cooperatives in 19 provinces and help them collect and process

    more paddy. The Agriculture Minister was quoted as saying that the Ministry aims to help rice

    growers' cooperative increase their individual paddy collection capabilities to around 948,000

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    tons by 2019, more than double of about 450,000 tons in 2014, and help them increase their rice

     processing capabilities by two-and-half times to around 134,000 tons during the same period.

    The Minister noted that last year, members of rice farmers' cooperatives across the country grew

    rice in about 4.16 million hectares of land accounting for about 48% of the total paddy acreage in

    the country. They contributed to about 11.3 million tons of paddy, about 39% of the national

    output.The current plan is understood to be part of the government’s  idea to improve the Thai

    rice sector and help it regain its lost charm in the international arena. Its "rice strategy" is aimed

    at improving production, marketing and quality of Thai rice with very less market intervention.

    Vietnam Rice Quotes Up; Other Asia Rice

    Quotes Unchanged Today

    Feb 27, 2015

    Vietnam rice sellers increased most of their quotes by about $5 - $15 per ton today. Other Asia

    rice sellers kept their quotes mostly unchanged. 

    5% Broken Rice 

    Thailand 5% rice is quoted at around $405 - $415 per ton, about $40 per ton premium on Vietnam 5% rice shown at around $365 - $375 per ton, up about $5 per ton from yesterday. India

    5% rice is quoted at around $390 - $400 per ton, about $55 per ton premium on Pakistan 5% rice

    quoted at around $335 - $345 per ton.

    25% Broken Rice

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

    Vietnam 25% rice shown at around $340- $350 per ton, up about $5per ton from yesterday. India

    25% rice is quoted at around $355 - $365, about $50 per ton premium on Pakistan 25% rice

    quoted at around $305 - $315 per ton.

    Parboiled Rice 

    Thailand parboiled rice is quoted at around $405 - $415 per ton. India parboiled rice is quoted at

    around $385 - $395 per ton, on par with Pakistan parboiled rice quoted at around $385 - $395 per

    ton.

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    100% Broken Rice 

    Thailand broken rice, A1 Super, is quoted at around $320 - $330 per ton, about $10 per ton

     premium on Vietnam 100% broken rice shown at around $310 - $320 per ton, up about $5 perton from yesterday. India's 100% broken rice is shown at around $280 - $290 per ton, about $5

     per ton premium on Pakistan broken sortexed rice quoted at around $275 - $285 per ton.

    TREA Official Foresees Poor Response for

    March 5 Auction

    Feb 27, 2015

    Thailand's upcoming auction for about one million tons of rice on March 5 is likely to receive a

     poor response amid greater supply and price competition, according to the Honorary President of

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    the Thai Rice Exporters Association (TREA).Local sources quoted him as saying that with

    Vietnamese rice prices ruling about 13% below the Thai rice prices, they are expecting most of

    the rice importers to adopt a wait and watch policy and thereby delay their purchases. Currently,

    export prices of Thai 5% rice stand at around $405 per ton compared to the Viet 5% rice quoted at around $360 per ton.

    He noted that the government may not be able to sell more than 400,000 tons of rice of about

    1,008,837 tons to be auctioned next week.According to the Director-General of the Foreign

    Trade Department, the government plans to auction about 762,700 tons of 5% white rice and

    about 246,137 tons of 10% white rice, 15% white rice, 25% white rice and 10% white glutinous

    rice. The auctions would be taking place at 124 state warehouses in 33 provinces and names of

    the qualified bidders are expected to be announced on next Friday.The government sold about

    500,000 tons of rice of the one million tons auctioned on January 29, 2015.The Thai government

    is poised to sell about 10 million tons of the stockpiled rice this year and about 7 million tons next year. This year's sales are understood to consist of premium-grade (60%) and sub-standard

    rice (40%).

    Weekly Recap: Oryza White Rice Index

    Dragged Lower amid Weaker Quotes in the

    U.S., India, and Pakistan

    Feb 27, 2015

    The Oryza White Rice Index (WRI), a weighted average of global white rice export quotes,

    ended the week at about $419 per ton, down about $1 per ton from a week ago, down about $4

     per ton from a month ago and down about $42 per ton from a year ago. 

    Thailand 

    Thailand 5% broken rice is today shown at about $405 per ton, unchanged from a week and a

    month ago and down about $25 per ton from a year ago.

    The government plans to auction one million tons of rice on March 6, but officials from the

    Thailand Exporters Association (TREA) are pessimistic about the upcoming auction, pointing

    out that lower prices in Vietnam are causing Thailand rice exporters to be cautious about buying

    more rice at uncompetitive levels. Currently, Vietnam rice is quoted around $30 less per ton than

    Thailand rice.

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    The Thai Finance Ministry estimates that total losses from rice subsidy schemes in the period

    2004-2014 are about 700 billion baht (about $21.5 billion).

    Thailand’s Ministry of Agriculture and Cooperatives plans to allocate about 6.5 billion baht

    (about $200 million) to support rice farmer’s cooperatives improve their business capabilities. 

    The Philippines will import 500,000 tons of rice from Thailand and Vietnam based on the

    results of a tender that closed on February 27.

    Vietnam 

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    Vietnam 5% broken rice is today shown at about $370 per ton, up about $10 per ton from a week

    ago, up about $5 per ton from a month ago and down about $30 per ton from a year ago.

    Vietnam exported about 356,012 tons of rice during the period January 1-February 25, a decreaseof about 44% from the first two months of 2014. The average rice export price so far this year is

    about $446 per ton, up about 3.7% from the same time last year.

    India 

    India 5% broken rice is today shown at about $395 per ton, unchanged from a week ago, down

    about $5 per ton from a month ago and down about $25 per ton from a year ago.

    Despite an increase in January (after two consecutive months of declining prices), average

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