Daily Exclusive

ORYZA Rice E-Newsletter

Daily Exclusive ORYZA Rice E-Newsletter 2015

www.ricepluss.com
www.riceplusmagazine.blogspot.com
May 27 ,2015
Vol 5,Issue V

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Contact: Mujahid Ali mujahid.riceplus@gmail.com

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Daily Exclusive ORYZA Rice E-Newsletter 2015

Philippines NFA Calls Tenders for 250,000

Ton Rice Import on June 5, 2015

May 26, 2015

The Philippines National Food Authority (NFA) has called for tenders from Vietnam, Thailand
and Cambodia for the 250,000 tons import, according to Reuters. The bidding is set for June 5,
2015, according to a NFA spokesman.The NFA is seeking to import 25% broken well-milled
long-grain rice, with delivery expected between July and August, to replenish stocks during the
lean season (July - September) as well as prevent commercial rice price hikes.The NFA is
authorized to import another 250,000 tons of rice if the drought-inducing El Nino weather
condition intensifies.
Analysts say this year, the Philippines' total rice imports could cross about 2.1 million tons if the
government approves the terms of a new trade concession with the World Trade Organization
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Daily Exclusive ORYZA Rice E-Newsletter 2015

(WTO). As per the new concession, which was supposed to come into effect last year, the
Philippines can import 805,200 tons of rice under the WTO minimum access volume (MAV),
including 755,000 tons in the country-specific- quota (CSQ) and 50,000 tons in the omnibus
quota. Imports under MAV attract 35% duty and imports over and above MAV attract 50%
duty.Imports under the WTO MAV would be in addition to the likely imports 1.3 million tons of
rice under the government-to-government (G2G) contracts to maintain buffer stocks.
The Philippines already imported 500,000 tons of rice from Vietnam and Thailand this year to
curb price increases and boost buffer stocks. Last year, the South-east Asian nation 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) to replenish rice stocks and control price hikes.Meanwhile, the
Agriculture Assistant Secretary for Field Operations has expressed concern that increased
imports could push down the farm gate paddy prices in next harvest season affecting the farmers'
incomes. Therefore he suggested the NFA to buy more rice from farmers to stabilize
prices.USDA estimates the Philippines to produce around 12.2 million tons of rice, basis milled,
in MY 2014-15 (July - June) and import around 1.6 million tons of rice in 2015. The UN Food
and Agricutlure Organization (FAO) estimates Philippines to import 1.8 million tons of rice in
2015.

Cambodia Lacks Adequate Capacity to

Supply Rice to Philippines, Say Exporters
May 26, 2015

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Daily Exclusive ORYZA Rice E-Newsletter 2015

The Philippines National Food Authority (NFA) has invited Cambodia along with Thailand and
Vietnam to participate in bidding for 250,000 tons rice tender that is scheduled for June 5 this
year. However, it is doubtful if Cambodia will take part in the tender, according to local
sources.The Philippines is seeking 25% broken well-milled long-grain rice for delivery between
July and August.
The Chairman of a well noted rice exporting company in Cambodia told local sources that the
government is presently not ready to participate in the bidding process. He stated that the country
lacks adequate capacity to mill and supply to the Philippines as its demand is huge in a short
period.He added that several issues such as lack of sufficient storage and milling facilities as well
as high production costs and transportation costs should be addressed before attempting to make
competitive bids in such tenders. In the present situation, the country would need at least two
more years to scale up its capacity.
Cambodia did not bid in the previous import tender by the Philippines earlier this year. The
Advisor to the Cambodia Rice Federation (CRF) noted that Cambodia could supply to the
Philippines if the tenders were segregated into smaller orders tonnage wise. He however noted
that shipping directly to the to the Philippines ports was still a challenge. Else they need to ship
through the Vietnam ports.Cambodia exported around 201,183 tons of rice in the first four
months of 2015, up about 67% from around 120,291 tons exported during the same period in
2014, according to data from CRF. USDA estimates Cambodia to produce around 4.7 million
tons of milled rice and export around 1.1 million tons (including official exports and unofficial
exports to Vietnam and Thailand) in MY 2014-15 (January - December 2015).

Global Rice Quotes

May 26th, 2015

Long grain white rice - high quality

Thailand 100% B grade 380-390

Vietnam 5% broken

350-360

India 5% broken

370-380

Pakistan 5% broken

405-415

Myanmar 5% broken

420-430

Cambodia 5% broken

430-440

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Daily Exclusive ORYZA Rice E-Newsletter 2015

U.S. 4% broken 465-475

Uruguay 5% broken

565-575

Argentina 5% broken

555-565

Long grain white rice - low quality

Thailand 25% broken

350-360

Vietnam 25% broken

325-335

Pakistan 25% broken

360-370

Cambodia 25% broken 410-420

India 25% broken

345-355

U.S. 15% broken

455-465

Long grain parboiled rice

Thailand parboiled 100% stxd

370-380

Pakistan parboiled 5% broken stxd

405-415

India parboiled 5% broken stxd 360-370

U.S. parboiled 4% broken

555-565

Brazil parboiled 5% broken

570-580

Uruguay parboiled 5% broken NQ

Long grain fragrant rice

Thailand Hommali 92% 860-870

Vietnam Jasmine

470-480

India basmati 2% broken

NQ

Pakistan basmati 2% broken

NQ

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Daily Exclusive ORYZA Rice E-Newsletter 2015

Cambodia Phka Mails

815-825

315-325

Vietnam 100% broken 310-320

Brokens
Thailand A1 Super

Pakistan 100% broken stxd

Cambodia A1 Super

300-310

350-360

India 100% broken stxd 275-285

Egypt medium grain brokens

NQ

U.S. pet food

365-375

Brazil half grain NQ

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

Thailand, Vietnam Rice Sellers Lower Some

of Their Quotes; India Rice Sellers Increase
Some of Their Quotes Today
May 26, 2015

Thailand rice sellers lowered their quotes for Hommali rice by about a $5 per ton to about $860 $870 per ton today. Vietnam rice sellers lowered their quotes for 25% broken rice and Jasmine
rice by about $5 per ton and $10 per ton to about $325 - $335 per ton and $470 $480 per ton,
respectively, today. India rice sellers increased their quotes for 100% broken rice by about a $5
per ton to about $275 - $285 per ton. Pakistan rice sellers kept their quotes unchanged today.
5% Broken Rice

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Daily Exclusive ORYZA Rice E-Newsletter 2015

Thailand 5% rice is indicated at around $370 - $380 per ton, about a $20 per ton premium on
Vietnam 5% rice shown at around $350 - $360 per ton.
India 5% rice is indicated at around $370 - $380 per ton, about a $35 per ton discount to Pakistan
5% rice shown at around $405 - $415 per ton.
25% Broken Rice
Thailand 25% rice is shown at around $350 - $360 per ton, about a $25 per ton premium on
Vietnam 25% rice shown at around $325- $335 per ton, down about a $5 per ton from yesterday.
India 25% rice is indicated at around $345 - $355, about a $15 per ton discount to Pakistan 25%
rice shown at around $360 - $370 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $370 - $380 per ton.
India parboiled rice is indicated at around $360 - $370 per ton, about a $45 per ton discount to
Pakistan parboiled rice shown at around $405 - $415 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is indicated at around $315 - $325 per ton, about a $5 per ton
premium on Vietnam 100% broken rice shown at around $310 - $320 per ton.
India's 100% broken rice is shown at around $275 - $285 per ton, up about a $5 per ton from
yesterday and about a $30 per ton discount to Pakistan broken sortexed rice shown at around
$305 - $315 per ton.

Oryza U.S. Rough Rice Recap - Prices

Unchanged as Wet Weather Halts Planting;
66% of the Crop in Good-to-Excellent
Condition
May 26, 2015

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Daily Exclusive ORYZA Rice E-Newsletter 2015

The U.S. cash market was unchanged today as demand remains tepid while sellers stay on the
sidelines waiting until prices improve or until they are forced to sell.Analysts contend that
the torrential wet weather that pounded the U.S. Mid-South this weekend coupled with forecasts
for more rain this week will likely prevent any additional rice acreage to be planted, leading
some to believe that the USDAs projected acreage figure is too high.In the meantime, the
USDA estimates that as of May 24, 93% of the US rice crop had been planted which is 1%
behind this time last year and 1% ahead of the previous 5-year average. As of now, the USDA
estimates that farmers have planted 92% of their rice crop in Arkansas, 98% in California, 99%
in Louisiana, 94% in Mississippi, 78% in Missouri, and 84% in Texas.
The USDA estimates that 82% of the crop has emerged which was 4% ahead of this time last
year and 5% ahead of the previous 5-year average. As of now, the USDA estimates that 83% of
the rice crop in Arkansas has emerged compared to 75% in California, 96% in Louisiana, 82% in
Mississippi, 70% in Missouri, and 81% in Texas.The USDA estimates that 66% percent of the
crop in good to excellent condition, which was unchanged from last week and 1% behind this
time last year. As of now, the USDA estimates that 62% of the crop in Arkansas is in good to
excellent condition compared to 80% in California, 66% in Louisiana, 80% in Mississippi, 45%
in Missouri, and 52% in Texas.

Vietnam Approves National Rice

Development Plan
May 26, 2015

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Daily Exclusive ORYZA Rice E-Newsletter 2015

The Prime Minister of Vietnam has approved a national rice development plan under which the
government aims to increase competitiveness of Vietnamese rice globally and promote it as a
high-quality trademark by 2030, according to local sources.Initially, the government will frame a
strategy to develop a national brand for Vietnamese rice especially focussing on high-quality
exports to the U.S., European Union and Japan. By 2020, the government aims to promote
Vietnamese rice under the national brand to at least 20 potential export markets across the world.
It also aims to export rice labelled with the national trademark to 50 potential markets by
2030.The government is planning to get the national brand copyrighted and certified in Vietnam
and the 50 potential markets to increase the reach of its national brand globally. It is also
planning to build and protect regional rice brand names with in the country.
In order to achieve its plans, the government will first focus on developing brand name for major
rice products of the Mekong River Delta region and encourage firms to register for brand
building and protection. It will also take steps to guide quality production systems using quality
control systems and applying advanced technology.Vietnam exported about 1.555 million tons of
rice in first four months of calendar year 2015, down about 11% from about 1.758 million tons
of rice exported during same time last year, according to data from the Vietnam Food
Association (VFA). It exported 6.32 million tons of rice in 2014.USDA estimates Vietnam to
produce around 28 million tons of rice, basis milled (around 44.88 million tons, basis paddy) and
export around 6.7 million tons in 2014-15 (January 2015 - December 2015).

Indonesia Trade Minister Rules Out Rice

Imports Until July 2015
May 26, 2015

The Indonesian Trade Minister has ruled out rice imports until July this year as the rice supply
with the state logistics agency Bulog is sufficient to meet demand until then with an additional
7.1 million tons of rice expected from the ongoing harvest, according to local sources.He
however noted that the government would import rice if the supply is not sufficient to meet the
demand during the fasting month and the Idul Fitri festivities. He added that the Ministry is
calculating the quota and would issue import permits if needed.The Director General of
Domestic Trade at the Ministry told local sources that the domestic demand within the next two
months is expected to be only 5 million tons while farmers are expected to produce a total of 7.1
million tons of rice until July. She however noted that the government may decide to import if
the harvest fails for any reason.

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Daily Exclusive ORYZA Rice E-Newsletter 2015

Earlier in May, the Chief Economics Minister told reporters that a decision on imports will be
taken at the end of May or early June.The government of Indonesia is keen on increasing 2015
paddy rice production by about 4% to around 73.4 million tons (around 48.44 million tons, basis
milled) from an estimated 70.61 million tons (around 46.65 million tons, basis milled) in 2014;
and avoid imports. Indonesia imported 425,000 tons of rice from Thailand and Vietnam in 2014.
However, some analysts have cautioned the government to consider rice imports in the light of
country's rice stocks. A professor at the Bogor Institute of Agriculture (IPB) noted that the
country's rice stocks have been declining over the past three years. They declined from 7.4
million tons in 2013 to 5.5 million tons early this year.USDA estimates Indonesia to produce
around 36.3 million tons of rice, basis milled (around 57.165 million tons, basis paddy) and
import around 1.25 million tons of rice in MY 2014-15 (January 2015 - December 2015).

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