Daily Exclusive ORYZA Rice E-Newsletter
April 14,2016 Vol 7,Issue III
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www.ricepluss.com
www.riceplusmagazine.blogspot.com
Daily Exclusive ORYZA Rice E-Newsletter Oryza U.S. Rough Rice Recap - Prices Firm a Day after USDA Cuts U.S. and Global Ending Stocks Apr 14, 2016
The U.S. cash market was firmer today following yesterday’s USDA WASDE report that estimated that long grain ending stocks decreased by 0.5 million cwt (about 22,689 tons) from last month while global ending stocks were also lowered by 0.3 million tons to 90.2 million tons. Analysts note that market participants are eagerly waiting for the results of the latest Iraqi tender as the results and the quantity purchased will likely give traders guidance as to where prices are headed in the near term.
Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Find Support from Broad Based Grain Rally Apr 14, 2016
Chicago rough rice futures for May delivery settled 10.5 cents were cwt (about $2 per ton) higher at $9.890 per cwt (about $218 per ton). The other grains finished the day sharply higher; Soybeans closed about 2.1% higher at $9.5575 per bushel; wheat finished about 1.9% higher at $4.6750 per bushel, and corn finished the day about 3.2% higher at $3.20 per bushel. U.S. stocks traded higher Wednesday, helped by gains in financial stocks following JPMorgan's earnings beat and a rally overseas after encouraging China trade data. European stocks rose more than 2.5%, with the STOXX Europe 600 Bank index surging more than 6%.In the first increase since June, China dollar-denominated exports rose 11.5% in March from the same period last year, recovering from a 25.4% drop in February. Imports fell a less-than-expected 7.6% in dollar-denominated terms and volumes of most major commodities, notably copper and iron ore, rose strongly, Reuters said. Asian stocks jumped, with the Nikkei 225 up 2.8%. The Hang Seng surged nearly 3.2% and the Shanghai composite gained 1.4%.In economic news, February business inventories declined 0.1%. Inventories in January were revised down to show a 0.1% drop instead of the previously reported 0.1% gain. In midday trade, the Dow Jones industrial average gained 148 points, or 0.84%, to 17,869. The S&P 500 added 15 points, or 0.75%, to 2,077, with financials leading seven sectors higher and telecommunications the greatest laggard. The Nasdaq composite added 55 points, or 1.14%, to 4,927. Gold is seen trading about 1% lower, crude oil is seen trading about 0.5% lower, and the U.S. dollar is seen trading about 0.8% higher at about 1:00pm Chicago time. Tuesday, there were 1,656 contracts traded, up from 993 contracts traded on Monday. Open interest – the number of contracts outstanding – on Tuesday decreased by 213 contracts to 12,977.
Global Rice Quotes April 14th, 2016 2
Daily Exclusive ORYZA Rice E-Newsletter Long grain white rice - high quality Thailand 100% B grade
380-390
Vietnam 5% broken 365-375
↔
India 5% broken
370-380
↔
Pakistan 5% broken
345-355
↔
Myanmar 5% broken 415-425
↔
Cambodia 5% broken 445-455
↔
U.S. 4% broken
430-440
↔
Uruguay 5% broken 435-445
↔
Argentina 5% broken 415-425
↔
↔
Long grain white rice - low quality Thailand 25% broken 360-370
↔
Vietnam 25% broken 350-360
↔
Pakistan 25% broken 310-320
↔
Cambodia 25% broken India 25% broken
425-435
325-335
U.S. 15% broken (sacked)
↔
↓
470-480
↔
Long grain parboiled rice Thailand parboiled 100% stxd
370-380
Pakistan parboiled 5% broken stxd
NQ
India parboiled 5% broken stxd
345-355
↔
480-490
↔
Brazil parboiled 5% broken 490-510
↔
Uruguay parboiled 5% broken
↔
U.S. parboiled 4% broken
NQ
↔
↔
Long grain fragrant rice 3
Daily Exclusive ORYZA Rice E-Newsletter Thailand Hommali 92% Vietnam Jasmine
670-680
440-450
↔
NQ
↔
Pakistan basmati 2% broken NQ
↔
India basmati 2% broken
Cambodia Phka Mails
↔
760-770
↔
Brokens Thailand A1 Super
330-340
↔
Vietnam 100% broken
340-350
↔
Pakistan 100% broken stxd
285-295
↔
Cambodia A1 Super 345-355 India 100% broken stxd
275-285
Egypt medium grain brokens NQ U.S. pet food 315-325
↔
Brazil half grain
↔
NQ
↔ ↔
↔
All prices USD per ton, FOB vessel, oryza.com
USDA Lowers Forecasts for U.S. 2015-16 All Rice Supplies on Lower Long-Grain Imports Apr 13, 2016
In its April 2016 World Agricultural Demand and Supply Estimates (WASDE) report, the USDA lowered the forecast for U.S. all rice supplies to around 11.99 million tons in 2015-16, from an estimated 12.56 million tons in 2014-15 and down from its previous estimates of around 12.02 million tons due to expected lower long-grain rice imports. It forecasts 2015-16 long-grain rice supplies at around 8.14 million tons, down from an estimated 9.03 million tons last year and down from its previous estimates of around 8.16 million tons.The USDA forecasts 2015-16 all rice imports at around 1.07 million tons, down from around 1.09 million tons last year and down from its previous estimates of around 1.09 million tons.
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Daily Exclusive ORYZA Rice E-Newsletter The USDA forecasts 2015-16 all rice ending stocks at around 1.97 million tons, up from an estimated 1.95 million tons last year and down from its previous estimates of around 1.99 million
tons. It forecasts 2015-16 long-grain ending stocks at around 1.02 tons, down from an estimated 1.27 million tons in 2014-15 and down from its previous estimates of around 1.04 million tons.The USDA lowered all rice average farm prices to around $271.17 - $279.98 per ton from its last month's forecast of $273.537 - $291.00 per ton. It lowered the U.S. long-grain rice average farm prices to around $238.10 - $246.92 per ton from its last month's forecast of $242.5 - $255.73 per ton. It lowered the U.S. combined medium- and short-grain rice average farm 5
Daily Exclusive ORYZA Rice E-Newsletter prices to around $346.12 - $359.35 per ton from its last month's forecast of 352.74 - $370.37 per ton.The USDA, however kept the projections for U.S. all rice production and residual use unchanged from the previous month.
Italian Paddy Rice Quotes Remain Stable or Increase in First Week of April 2016 Apr 13, 2016
Italian paddy rice prices increased or remained stable in the first week of April 2016 after a long period of slowing down, according to local sources. The Oryza index of Italy's paddy rice prices increased to around 382 euro (around $435) per ton as of April 5, 2016 from around 379 euro (around $423) per ton as of March 29, 2016.Below are farm gate paddy quotes from the Milan grain exchange, as of April 5, 2016: Sole on April 5 is out 310-330 euros (about $ 353-376) per ton, unchanged from a week prior. Arborio-Volano prices are 740-765 euros (about $ 844-873) per ton, up from 695-720 euros (about $ 793-821) per ton of a week prior. Balilla, Centauro and similar paddies are out at 300-330 euros (about $ 342-376), unchanged from a week prior. 6
Daily Exclusive ORYZA Rice E-Newsletter Lido, Crono, Flipper and similar varieties are out 260-280 euros (about $ 296-319) unchanged from a week prior. Padano, Argo are out at 325-340 euros (about $ 370-388) per ton, unchanged from a week prior. Vialone Nano is quoted 410-450 euros (about $ 467-513) per ton, down from 430-470 euros (about $ 490-536) per ton of a week prior. Carnaroli and similar varieties went up to 645-700 euros (about $ 737-798) per ton, from 635690 euros (about $ 724-787) per ton of a week prior. Thaibonnet and similar varieties are quoted 285-305 euros (about $ 325-348) per ton, up from 280-300 euros (about $ 319-365) of a week prior. Sant'Andrea is quoted 280-320 euros (about $ 319-365) per ton, unchanged from a week prior Luna Cl, Dardo and similar varieties are out at 260-280 euros (about $ 296-319) per ton, unchanged from a week prior. Baldo is quoted 295-315 euros (about $ 336-359) per ton, unchanged from a week prior. Roma is out at 330-360 euros (about $ 376-410) per ton, unchanged from a week prior. Selenio is quoted 355-405 euros (about $ 405-462) per ton, up from 350-400 euros (about $ 399456) of a week prior. Augusto is out at 300-320 euros (about $ 342-365) per ton, unchanged from a week prior. Loto and Nembo are quoted 290-320 euros (about $ 330-365) per ton, unchanged from a week prior.
Wholesale Basmati Rice Prices in India Continue to Increase on Tighter Supplies Wholesale basmati rice prices in the national capital increased today, due to high demand against restricted supplies from producing regions, according to Business Standard citing the Press Trust of India.On April 13, 2016, prices of Pusa 1121 increased to around Rs.4,650 - 5,700 per quintal (around $701 - $860 per ton) from previous levels of around Rs.4,500 - 5,500 per quintal (around $678 - $828 per ton).Prices of common basmati increased to around Rs.5,900 - 6,000 per quintal (around $890 - $905 per ton) from previous levels of around Rs.5,800 - 5,900 per quintal (around $873 - $889 per ton). Apr 13, 2016
Exclusive News have been shared with written permission of ORYZA.com with thanks 7