Professional Documents
Culture Documents
Volume 5, Issue I
Rice
www.ricepluss.com
E-Newsletter
Chief Editor:Hamlik
For Advertisement & Specs:
Mujahid Ali
mujahid.riceplus@gmail.com
Riceplus Magazine
www.ricepluss.com
Thailand rice sellers increased their quotes for Hommali rice by about $5 per ton to around $925
- $935 per ton today. Vietnam rice sellers lowered their quotes for 25% broken rice and 100%
broken rice by about $5 per ton each to around $330 - $340 per ton and around $305 - $315 per
ton respectively and increased their quotes for Jasmine rice by about $5 per ton to around $475 $485 per ton. Pakistan rice sellers lowered their quotes for 5% broken rice by about $5 per ton to
around $3
55 - $365 per ton. India rice quotes mostly unchanged today.
5% Broken Rice
Thailand 5% rice is quoted at around $405 - $415 per ton, about $45 per ton premium on
Vietnam 5% rice shown at around $360 - $370 per ton. India 5% rice is quoted at around $395 Page 1 of 9
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$405 per ton, about $40 per ton premium on Pakistan 5% rice quoted at around $355 - $365 per
ton, down about $5 per ton from yesterday.
25% Broken Rice
Thailand 25% rice is quoted at around $365 - $375 per ton, about $35 per ton premium on
Vietnam 25% rice shown at around $330- $340 per ton, down about $5 per ton from yesterday.
India 25% rice is quoted at around $360 - $370, about $40 per ton premium on Pakistan 25% rice
quoted at around $320 - $330 per ton.
Parboiled Rice
Thailand parboiled rice is quoted at around $410 - $420 per ton. India parboiled rice is quoted at
around $390 - $400 per ton, about $10 per ton discount to Pakistan parboiled rice quoted at
around $400 - $410 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is quoted at around $320 - $330 per ton, about $15 per ton
premium on Vietnam 100% broken rice shown at around $305 - $315 per ton, down about $5 per
ton from yesterday. India's 100% broken rice is shown at around $295 - $305 per ton, about $5
per ton premium on Pakistan broken sortexed rice quoted at around $290 - $300 per ton.
Vietnam 5% broken
360-370
India 5% broken
395-405
Pakistan 5% broken
355-365
Myanmar 5% broken
410-420
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Cambodia 5% broken
440-450
U.S. 4% broken
495-505
Uruguay 5% broken
NQ
Argentina 5% broken
NQ
365-375
330-340
320-330
360-370
485-495
410-420
400-410
550-560
570-580
925-935
475-485
NQ
NQ
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Cambodia Phka Mails 785-795
Brokens
320-330
Thailand A1 Super
290-300
350-360
295-305
NQ
405-415
NQ
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All the state governments were urged to use certified and quality seeds to increase the
productivity of rice and other cereals. They are also encouraged to be aware of the farmers' rights
and existing legislation to help them benefit from it.USDA estimates India's 2014-15 (October September) production at around 102 million tons, down about 4% from an estimated 106.54
million tons in 2013-14. It estimates Indias rice exports to decline about 16% y/y to around 8.7
million tons in MY 2014-15.
Chicago rough rice futures for Mar delivery are currently listed 2.5 cents per cwt (about $1 per
ton) higher at $10.990 per cwt (about $242 per ton) during early floor trading in Chicago. The
other grains are all seen lower: soybeans are currently seen about 0.6% lower, wheat is listed
about 1.8% lower and corn is currently noted about 0.9% lower.U.S. stocks climbed on
Wednesday, a day after the S&P 500 took its biggest hit in more than three weeks, as upbeat
earnings from companies including Apple boosted investor sentiment. On Wednesday afternoon,
the Federal Reserve concludes its first two-day policy session of 2015, with the central bank
expected to indicate that it remains on track to start raising interest rates later in the year.
The Dow Jones Industrial Average gained 43.70 points, or 0.2%, to 17,430.91. The S&P 500
added 8.58 points, or 0.4%, to 2,038.13, with technology the best performing sector and energy
the worst of its 10 major industry groups. The Nasdaq rose 40.05 points, or 0.9%, to 4,721.66.
On Tuesday, U.S. stocks dropped sharply as corporations reported earnings that disappointed and
orders for U.S. business equipment unexpectedly declined in December. Gold is currently
trading about 0.5% lower, crude oil is seen trading about 2.3% lower, and the U.S. dollar is
currently trading about 0.2% higher at 8:30am Chicago time.
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Chicago rough rice futures for Mar delivery settled 23.5 cents per cwt (about $5 per ton) lower at
$10.735 per cwt (about $237 per ton). Rough rice futures charted another leg lower as prices
collapsed during afternoon trading. The market has fallen to a fresh contract low as the buyers
who were noted yesterday were absent and the bears once again gained control of price direction.
Todays move has confirmed the bearish signal noted yesterday as the market was unable to
maintain its placement above $11.000 per cwt (about $242 per ton), and adds further bearishness
to the forecast for coming sessions.
Trade participants are now calling for prices to test $10.500 per cwt (about $231 per ton) before
long, with many not eager to begin buying above the low $10.000 per cwt (about $220 per ton)
area. The other grains finished the day sharply lower; Soybeans closed about 0.4% lower at
$9.7025 per bushel; wheat finished about 2.7% lower at $5.0525 per bushel, and corn finished
the day about 2.1% lower at $3.7325 per bushel.U.S. stocks declined on Wednesday afternoon, a
day after the S&P 500 took its biggest hit in more than three weeks, as investors considered a
patient Federal Reserve and oil's fall overrode upbeat earnings from Apple.
The Federal Open Market Committee stuck to its vow to be "patient" on hiking interest rates and
raised its view of the economy and labor market, even as the central bank said it anticipates
inflation to fall further in the near term. On Wednesday afternoon, the Federal Reserve concludes
its first two-day policy session of 2015, saying the timing of rate hikes depends on economic
data. After rising 97 points and falling 84, the Dow Jones Industrial Average was lately off 62.95
points, or 0.4%, to 17,319.26. The S&P 500 fell 10.94 points, or 0.6%, to 2,016.61, with
technology the best performing and energy the worst of its 10 major industry groups.
The Nasdaq also wavered, lately down 12.71 points, or 0.3%, at 4,668.79. Gold is trading about
0.5% lower, crude oil is seen trading about 4.1% lower, and the U.S. dollar is seen trading about
0.7% higher at about 1:00pm Chicago time.Tuesday, there were 412 contracts traded, down
from 555 contracts traded on Monday. Open interest the number of contracts outstanding on
Tuesday decreased by 22 contracts to 9,048.
The U.S. cash market was materially weaker today falling in tandem with the futures market
ahead of the Iraqi Grain Board tender results expected tomorrow.Analysts note that the sell-off in
the futures market could be a signal that some market participants believe that Iraq with either
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pass on U.S. origin or cancel the tender all together.At the current cash values farmers are not
enthusiastic sellers however many are finding it difficult to get bids as buy interest remains very
limited, especially for export.
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Buffer stocks with the Philippines National Food Authority (NFA) are
enough for 12-13 days, below the required norm of 15 day-stock,
Bloomberg quoted the Food Secretary as saying.The NFA is likely to
decide on the volume and schedule of imports next week, according to the
NFA Administrator. He told local sources in December 2014 that the NFA
is still authorized to import 500,000 tons of rice. It is likely that the NFA
would exercise its authority and import 500,000 tons this year to serve as buffer stock during the lean
season (June - August). Yesterday, a source from the NFA hinted that the government may import rice
under Government-to-Government (G2G) deals.
The NFA imported more than 1.8 million tons of rice (including 1.5 million tons of 2014 imports
and 300,000 tons of 2013 residual imports) in 2014 to replenish rice stocks and control price
hikes. Of these, 187,000 tons were allowed to be imported by private traders at 35% duty under
the government's Minimum Access Volume (MAV) - Omnibus Rice Importation
programme.The Philippines Statistics Authority (PSA) estimates the country's paddy rice output
in the first six months (January - July) at around 8.55 million tons, up about 2.02% from around
8.38 million tons produced during the same period in 2014. It is estimating the Philippines'
paddy rice output in the first three months (January - March) of 2015 at around 4.59 million tons,
up about 6.62% from around 4.31 million tons during the same period last year.
USDA estimates the Philippines to import around 1.6 million tons of milled rice in 2015, up
about 10% from an estimated 1.45 million tons in 2014. USDA estimates the South-East Asian
nation to produce around 19.36 million tons of paddy (around 12.2 million tons, basis milled) in
MY 2014-15 (July - June), up about 3% from an estimated 18.82 million tons (around 11.86
million tons, basis milled) in MY 2013-14.
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Ongoing political turmoil and consecutive payment problems are said to hinder rice purchases by
a Libyan state grain buying agency through tenders, according to Reuters.The agency reportedly
tendered to buy about 25,000 tons of 5% broken rice packaged in 25 kilogram bags and 50,000
tons of milling wheat on January 14, 2015. However, due to payment problems, the agency could
not make any purchases so far, European traders were quoted as saying.It is understood to have
made payment to a trader through a bank in the neighboring country Tunisia, but since it did not
work out, it is again trying to make the payment through a local bank.Trials by two governments
trying to seek control of Libya four years after the toppling of the former leader Muammar
Gaddafi are severely affecting commercial activities in the country, according to local
sources.Libya does not produce rice and imports all the rice needed for domestic consumption.
USDA estimates Libya to import around 310,000 tons of rice in 2015, up about 3% from around
300,000 tons imported in 2014.