Professional Documents
Culture Documents
April 05,2016
Vol 7,Issue III
www.ricepluss.com
www.riceplusmagazine.blogspot.com
Italy has exported around 67,654 tons of milled rice in September 1, 2014 - March 29, 2015,
down about 18% from around 82,829 tons exported during the same period last year.
Turkey is the largest buyer of Italian rice during the period with 17,358 tons, followed by
Lebanon (10,780 tons), Switzerland (10,109 tons), Syria (4,454), Brazil (2,649 tons) and the U.S.
(4,833 tons).
Italy also exported rice to Jordan, Serbia, Bosnia-Herzegovina, Albania, Norway, Canada,
Australia, Kosovo and Russia.
Italy exported around 53,376 tons of Long-A variety, down about 16.5% from around 63,923
tons exported last year. Italy's round varieties exports declined about 47% to around 6,630 tons
from around 12,509 tons last year; and Italy's medium varieties exports declined about 20% to
around 2,155 tons from around 2,694 tons last year. However, export of Long B varieties
increased about 21% to around 5,493 tons during the period from around 4,540 tons last year.
Vietnam 5% broken
370-380
India 5% broken
370-380
Pakistan 5% broken
340-350
Myanmar 5% broken
415-425
Cambodia 5% broken
450-460
435-445
425-435
355-365
355-365
310-320
335-345
470-480
370-380
NQ
480-490
490-510
Vietnam Jasmine
465-475
NQ
NQ
760-770
330-340
Brokens
Thailand A1 Super
285-295
345-355
NQ
315-325
The tenth edition of the European Organic Congress has begun today in Amsterdam, the
Netherlands, according to a news release on the IFOAN EU website.
The Congress is organized by the IFOAM EU, whose core activity is to represent organic
interests in Europe.
The theme of this years Congress is transforming food and farming through organics. It will also
look at how organic and agro-ecological approaches can really lead future agri-food systems and
contribute to the development of EU policies that fundamentally address political, environmental
and societal challenges.
Together with diverse food and farming stakeholders, the congress will develop practical
strategies to develop organics in the long term and shape the EU market and policy
developments so critical to transforming food and farming in the short to medium-term.
Oryza CBOT Rough Rice Futures Recap Chicago Rough Rice Futures Begin the Week
Slightly Higher as Traders Continue to Weigh
Last Week's USDA Reports
Apr 05, 2016
Chicago rough rice futures for May delivery settled 4.5 cents were cwt (about $1 per ton) higher
at $9.800 per cwt (about $216 per ton). The other grains finished the day mostly lower; Soybeans
closed about 0.5% lower at $9.1350 per bushel; wheat finished about 0.2% lower at $4.7475 per
bushel, and corn finished the day about 0.1% higher at $3.5450 per bushel.
U.S. stocks traded in a range Monday, with health care stocks outperforming, as investors eyed
oil prices and the week's Fed speakers. The major averages mostly held a touch lower in
afternoon trade, with consumer discretionary, industrials and utilities among the greatest
decliners in the S&P 500. Federal Open Market Committee voting member Boston Fed President
Eric Rosengren said he believed it will likely be appropriate to resume the path of gradual
tightening sooner than is implied by financial market futures. He added the "U.S. has weathered
foreign shocks quite well" and that risks from abroad are easing. In economic news, factory
orders declined 1.7% in February. European stocks held off session highs.
In Asia, the Nikkei 225 closed 0.25% lower. Markets in mainland China and Hong Kong were
closed for a holiday. In afternoon trade, the Dow Jones industrial average declined 29 points, or
0.17%, to 17,763. The S&P 500 traded down 2 points, or 0.17%, to 2,069, with consumer
discretionary leading eight sectors lower, with health care and telecommunications the only
advancers. The Nasdaq composite declined 6 points, or 0.13%, to 4,908. Gold is seen trading
about 0.3% lower, crude oil is seen trading about 2.3% lower, and the U.S. dollar is seen trading
about 0.2% lower at about 1:15pm Chicago time.
Friday, there were 2,293 contracts traded, up from 2,902 contracts traded on Thursday. Open
interest the number of contracts outstanding on Friday increased by 132 contracts to 13,281.
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Thailand's Agriculture Ministry is expecting the water crisis due to drought is likely to ease over
the next few months as water levels in the country's dams would be sufficient until seasonal rains
begin in April and May, according to Bloomberg.
The Permanent Secretary of the Ministry told a seminar last week that dams that supply water to
the country's Central Plains hold about 2.4 billion cubic feet of water, les than half the volume a
year ago and far below the normal level of 10 billion cubic feet. He noted that the water level
would be enough to last until the end of July.
He noted that the government is ensuring that supplies to domestic and industrial users won't be
affected. However, it will not be able to supply water to farmers until the wet season starts in
May. Farmers in the Central Plains mostly plant secondary rice crop, which is highly dependent
on irrigation. The government has encouraged rice farmers to switch from rice to other crops
needing less water. It has also provided them with funds to help offset production costs.
Drought damaged about 2.86 million rai (around 457,600 hectares) of agricultural land, mostly
rice plantations, between October 2015 and March 2016.
Last month, the Minister for Agriculture and Cooperatives noted that Thailand's 2015-16
secondary rice crop (January - June) acreage declined by about half to around 800,000 hectares
due to extending drought conditions. He noted that plans for the countrys 2015-16 main rice
crop (May - December) will be complete by around April 2016.
In a recent report, the USDA Post forecast Thailand's MY 2015-16 (January - December 2016)
paddy rice production at around 24 million tons, down from last year's 29.4 million tons. It
forecast Thai off-season paddy production to decline about 57% y/y to around 3.1 million tons.
The U.S. cash market was unchanged today with little to no trading to report.
Analysts note that many farmers are busy getting their crops in the ground waiting for prices to
improve; however, buyers insist that there is not enough demand to justify paying the levels
A report by a private Indian research agency forecasts revival of the country's basmati rice sector
in the second half of FY 2016-17 (April - March), according to the Press Trust of India.
Domestic basmati rice farmers and exporters have been facing excess supplies, lower demand
and lower prices during the last two financial years.
"The basmati rice industry faced headwinds - weak demand and oversupply in FY16. The current
scenario of excess supply and weak demand is expected to continue in the near term and
exporters are likely to continue facing financial stress in the near term. Any improvement in the
situation is likely only from the next basmati paddy harvest season in the second half of 2016-17
due to improvement in demand," said the report.
The report predicts that the supply of basmati paddy might witness some moderation as farmers
may shift away from basmati in the coming kharif season (July - December) due to nonremunerative prices in the last two seasons. It also predicts improvement of demand from Iran
following its removal of the ban on rice imports.
Regarding prices, the report noted that basmati paddy is vulnerable to cyclical price fluctuations.
Higher prices encourage higher basmati cultivation leading to higher supplies and lower prices.
Basmati paddy prices increase from around Rs.18,000 (around $273) per ton in 2011-12 to
around Rs.37,000 (around $560) per ton in 2013-14 due to a strong demand in the international
market. This encouraged farmers to increase basmati rice acreage significantly in 2014-15, but
prices reversed causing severe losses to farmers and exporters.
India exported around 3.07 million tons of basmati rice in April-December 2015 period, up about
19% from around 2.57 million tons exported during the same period last year. However, earnings
from basmati rice exports have declined about 19% to around $2.72 billion in nine-month period
from around $3.37 billion during the same period last year due to a sharp decline in prices.
Average basmati rice export prices declined by about 32.5% to around $885 per ton during the
nine-month period from around $1,312 per ton last year.
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Vietnam exported 1.426 million tons of rice in first three months of 2016 (January March), up
about 58% from 901,692 tons of rice exported during same period in last year, according to data
from the Vietnam Food Association (VFA). The average rice export price so far in this year
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The government of Thailand has shortlisted bids from fourteen companies for about 418,000 tons
of food- grade rice and bids from six companies for about 98,273 tons of industrial-grade rice in
the second auction of this year, Bloomberg quoted an e-mailed statement from the Department of
Foreign Trade.
The Thai government auctioned 418,000 tons of food-grade rice fit for human consumption on
March 30 and 223,000 tons of non-food grade rice on March 31, 2016.
Total bidding value of the rice auction on two days is about 4.64 billion baht (around $132.5
million), according to the statement. Rice Policy and Management Committee will reportedly
consider results and select the winning bidders.
The government reportedly sold 152,377 tons of rice worth 1.78 billion baht (around $50
million) in the first auction on February 16 for human consumption, lower than the targeted
204,000 tons. It sold around 245,262 tons of stockpiled rice worth 1.53 billion baht (around $43
million) for industrial use on February 17, as part of the first auction.
It is reportedly planning to sell about to sell more than 100,000 tons of food-grade rice in the
second half of April.
The government still holds about 12 million tons of rice in its stockpiles and is keen on selling
about 5 million tons this year.
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Domestic paddy prices in Vietnam's Mekong Delta are continuing to increase due strong demand
and likely short supplies, according to local sources.
Prices of IR50404 paddy in some provinces has reportedly increased to around VND 5,000 per
kilogram (around $225 per ton) from around VND 4,650 per kilogram (around $209 per ton)last
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