16th July , 2014
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TOP Contents - Tailored for YOU Latest News Headlines…
Thailand Plans to Stabilize 2014-15 Main Crop Rice Prices at $264 per Ton Oryza Global Rice Quotes Have You Tried Rice Bran Oil Shampoo, Lotion? Oryza Overnight Recap – Chicago Rough Rice Attempts Recovery following Massive Selloff Yesterday Vietnam Rice Experts Call for a Viable Value Chain to Ensure Fair Prices to Farmers Bangladesh Plans Short-Term Ban on Rice Bran Exports to India to Encourage Local Edible Oil Production Brazil Paddy Rice Index Decline Slightly From Last Week Cambodia Rice Federation Vows to Reform Rice Market, but Farmers Sceptical? Philippines Mulls Replacing Direct Price Support to Rice Farmers with Production Support ORYZA International Currency Analysis Brazil Paddy Rice Index Decline Slightly From Last Week Fall of Rice, Rise of Wheat Consumption in India, Says Survey
News Detail.. Thailand Plans to Stabilize 2014-15 Main Crop Rice Prices at $264 per Ton Jul 15, 2014
Oryza.com -
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Thailand's military government is planning to stabilize prices of white rice from the 2014 main crop (April January) at around 8,500 baht per ton (around $264), according to Bloomberg.
Director General (DG) of Department of Internal Trade told reporters that the government would not buy rice directly from farmers and they are instructing millers to buy rice from 2014-15 main crop harvest, which will start coming from November 2014 and will continue till January 2015, at 100 - 200 baht (around $3 - $6) per ton and store it in stockpiles for 3-6 months from November to July. He told that the government would provide interest-free loans to millers who borrow money to buy and store rice. The DG also told that exporters should maintain at least 500 tons of rice in stocks at all times. He stated that the government would not support prices of jasmine rice. According to data from the FAO, the average wholesale prices of 5% broken white rice were at around 11,174 baht (around $343 per ton) in May 2014, and those of 25% broken white rice were at around 10,200 baht (around $314) per ton.
Oryza Global Rice Quotes July 15th, 2014 Long grain white rice - high quality Thailand 100% B grade 435-445
↔
Vietnam 5% broken
425-435
↔
India 5% broken
435-445
↑
Pakistan 5% broken
435-445
↔
Cambodia 5% broken
440-450
↔
U.S. 4% broken 550-560
↔
Uruguay 5% broken
625-635
↔
Argentina 5% broken
620-630
↔
Long grain white rice - low quality Thailand 25% broken
NQ
↔
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Vietnam 25% broken
375-385
↔
Pakistan 25% broken
380-390
↔
Cambodia 25% broken 410-420
↔
India 25% broken
390-400
↔
U.S. 15% broken
530-540
↔
Long grain parboiled rice Thailand parboiled 100% stxd
440-450
Pakistan parboiled 5% broken stxd
↔
435-445
India parboiled 5% broken stxd 420-430
↑
U.S. parboiled 4% broken
630-640
↔
Brazil parboiled 5% broken
NQ
↔
Uruguay parboiled 5% broken
NQ
↔
↔
Long grain fragrant rice Thailand Hommali 92% 985-995
↔
Vietnam Jasmine
↔
585-595
India basmati 2% broken
NQ
↔
Pakistan basmati 2% broken
NQ
↔
Cambodia Phka Malis
845-855
↔
Brokens ↔
Thailand A1 Super
NQ
Vietnam 100% broken
340-350
↔
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Pakistan 100% broken stxd
335-345
350-360
↔
India 100% Broken stxd 315-325
↔
Egypt medium grain brokens
NQ
↔
U.S. pet food
↔
Cambodia A1 Super
470-480
Brazil half grain
NQ
↔
↔
Medium grain milled U.S. Calrose 4% broken 1025-1035 Egypt medium grain 6% NQ
↔
↔ All prices USD per ton, FOB vessel, oryza.com
Have You Tried Rice Bran Oil Shampoo, Lotion? Jul 15, 2014
Oryza.com Rice bran oil could soon feature in your vanity and first-aid case. Sherill Quintana, a Laguna-based entrepreneur, has used rice bran oil's vitamins and nutrients into beauty soaps, sun blocks, shampoos, lotions, scrubs and pain relief products. Rice bran oil is extracted from the hard outer brown layer of rice after chaff (rice husk). Popular as a cooking medium in Asian countries like Japan and China, it is suitable for stir and deep frying as contains Vitamin E and A, Oryzanol. On the health front, it is known to improve good cholesterol and relieve menopausal women of hot flashes.
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Oryza Overnight Recap – Chicago Rough Rice Attempts Recovery following Massive Selloff Yesterday Jul 15, 2014
Oryza.com Chicago rough rice futures for Sep delivery are currently seen 5.5 cents per cwt (about $1 per ton) higher at $12.950 per cwt (about $285 per ton) during the trading break in Chicago. The other grains are seen lower as well this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.5% lower, wheat is listed about 0.5% lower and corn is noted about 0.9% lower. U.S. stock index futures furthered their modest advance on Tuesday after economic reports and ahead of U.S. Federal Reserve Chair Janet Yellen's testimony before Congress. Separate economic reports had retail sales up 0.2 percent and import prices rising 0.1% in June. Third-quarter earnings were also in focus before the market open, following better-than-expected numbers from Citigroup on Monday. Yahoo and Intel will report after Wall Street closes. Gold is currently trading about 0.2% higher, crude oil is seen trading about 0.8% lower, and the U.S. dollar is currently trading marginally higher at 8:45am Chicago time.
Vietnam Rice Experts Call for a Viable Value Chain to Ensure Fair Prices to Farmers
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Oryza.com Experts say a proper rice value chain linking production, distribution and export channels is needed to ensure fair prices to rice farmers, according to local sources. Recently, rice price increases have been disproportionately high in urban areas of Mekong River Delta (MRD), which contributes to more than 50% of Vietnam's rice output and exports, compared to rural areas and traders and exporters are taking advantage of the situation, and the farmers are not benefited by the price increases. Local sources say increased export orders from the Philippines, Malaysia, Africa and China have been putting pressure on the domestic prices in the MRD. The government's rice stockpiling program also could hardly provide correction to prices.
In certain urban areas of MRD, the prices of dry rice are ruling at around VND5,450 - VND5,550 per kilogram (around $255 - $260 per ton), up about 4%-5% from early June, according to the Vietnam Food Association (VFA). The long-grain varieties have increased to around VND5,650-VND5,750 (around $264 - $269 per ton), up about 2% from early June. Husked rice prices increased to around VND7,000 per kilogram (around $328 per ton), up about 4% from early June. The Head of the Institute of Policy and Strategy for Agriculture and Rural Development said lack of connectivity between farmers, exporters and unfair competition among business is causing such differentiated price increases/decreases.
According to the Food and Agriculture Organization (FAO), average prices of 25% broken rice in Vietnam are at around VND7,320 per kilogram (around $340 per ton) in June 2014, down about 2% from May 2014 and up about 6% from around VND6,925 per kilogram (around $330 per ton) in June 2013. Vietnam exported about 3.182 million tons of rice during January 1 - July 10, 2014, down about 22% from about 4.1 million tons of rice exported in first seven months of last year, according to data from the Vietnam Food Association (VFA).
Bangladesh Plans Short-Term Ban on Rice Bran Exports to India to Encourage Local Edible Oil Production Jul 15, 2014
Oryza.com Bangladesh government is planning to impose a temporary ban on rice bran exports to India to encourage local edible oil production in the country, according to local sources. Sources at the Export Promotion Bureau (EPB) told local media that the they would impose the ban after getting a clarity over the domestic production of rice bran, its exports as well as imports of non-oily rice bran
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from India annually. Bangladesh imports non-oil rice bran from India in exchange for rice bran exports. It also imports huge quantities of edible rice bran oil for local consumption. he Head of the Institute of Policy and Strategy for Agriculture and Rural Development said lack of connectivity between farmers, exporters and unfair competition among business is causing such differentiated price increases/decreases. According to the Food and Agriculture Organization (FAO), average prices of 25% broken rice in Vietnam are at around VND7,320 per kilogram (around $340 per ton) in June 2014, down about 2% from May 2014 and up about 6% from around VND6,925 per kilogram (around $330 per ton) in June 2013. Vietnam exported about 3.182 million tons of rice during January 1 - July 10, 2014, down about 22% from about 4.1 million tons of rice exported in first seven months of last year, according to data from the Vietnam Food Association (VFA).
Brazil Paddy Rice Index Decline Slightly From Last Week Jul 15, 2014
Oryza.com The Brazilian paddy rice index maintained by CEPEA reached at about 36.03 real per 50 kilograms as of July 14, 2014, down about 0.22% from about 36.11 real per 50 kilograms recorded on July 7, 2014. In terms of USD per ton, the index reached at about $326 per ton on July 14, 2014, down about 0.29% from about $327 per ton recorded on July 7, 2014.
Cambodia Rice Federation Vows to Reform Rice Market, but Farmers Sceptical?
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Jul 15, 2014
Oryza.com The newly formed Cambodia Rice Federation (CRF) has vowed to address all problems of rice farmers, and work towards reforming the country's rice market as a whole, but farmers and traders are sceptical of CRF's promises in view of the past experiences with previous rice federations and associations. Cambodia's rice farmers are dwelling under poor yields, poor market structures, and most importantly low prices. The CRF was formed this May combining around 84 rice companies and 3 rice associations involved in collection, production and export separately to centralize all rice market operations under one roof.
The farmers have been facing severe difficulties with traders and middlemen who mostly fix prices to farmers, and they don't see any benefit from growing rice. Analysts say Cambodian rice market is plagued by irregular market structures and poor yields, adding that in the absence of these issues, it could be in a competitive position with Thailand or Vietnam in terms of rice exports. While the CRF claims to resolve all problems of rice farmers by way of educating them about novel rice growing techniques as well as ensuring fair and right prices to them, many farmers are far from trusting the newly-formed body. Some millers and exporters who merged into the CRF are positive about the agency's capabilities and are hopeful of seeing a vibrant Cambodian rice sector shortly.
Cambodia exported around 177,928 tons of rice in first half of calendar year 2014, up about 1% from about 175,959 tons rice exported in the same period last year, according to data from the Secretariat of One Window Service of Rice Export Formality (SOWS-REF).
USDA estimates Cambodia to export around 1 million tons of rice in 2014, including both official and unofficial exports to Vietnam.
Philippines Mulls Replacing Direct Price Support to Rice Farmers with Production Support Jul 15, 2014
Oryza.com The Philippines government is planning to remove price support to rice farmers in the form of Procurement by the National Food Authority (NFA) and provide support to enhance paddy yield and lower the cost of production, according to local sources.
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Currently, the Philippines government provides price support to rice farmers through the National Food Authority (NFA), which buys paddy rice from rice farmers at reasonable prices to ensure minimum profits to them. However, the NFA's debts due to this procurement policy have been surging and are currently at around P160 billion (around $3.67 billion). Consequently, the fiscal burden on the government has been increasing due to subsidizing the NFA's debts. The Presidential Assistant for Food Security and Agricultural Modernization told local media sources that the government would remove the subsidies in a phased manner. He noted that the government is evaluating other means of increasing rice farmers' incomes apart from direct price support. He also stated that the NFA Council would review the NFA's rice subsidy program on July 16 and come up with its recommendations shortly. Currently, the NFA buys paddy from farmers at P17 per kilogram (around $390 per ton) from farmers, and spends another P1 per kilogram (around $23 per ton) drying and delivery to NFA warehouses. It sells wellmilled rice at P34 per kilogram (around $781 per ton) and regular-milled rice at P27 per kilogram (around $620 per ton).Separately, the Agriculture Secretary denied reports that the Philippines government is abandoning 2016 rice self-sufficiency target. He told local sources that the Department of Agriculture (DA) is targeting to achieve 100% rice sufficiency by 2015. Some local farmers' groups urged the government to pursue its own Food Staples Sufficiency Program (FSSP), which requires the NFA to increase paddy procurement from local farmers. ryza Rice Currency Analysis for Today – Brazil Real, Euro Decline 0.4% Jul 15, 2014
ORYZA International Currency Analysis U.S. dollar index was stronger +0.26% from the open today, when it traded at 80.403 at the close. Euro was weaker -0.38% by the close, trading around 1.3567 by end of day, after trading between an intraday high of 1.3628 and low of 1.3562. Thai baht was stronger +0.03%, trading at 32.128 at the close of business. Indian rupee was weaker -0.10% at 60.1350. Brazilian real was weaker -0.40% at 2.2211 reais per dollar. Pakistan rupee was +0.10% stronger at 98.6730. Vietnamese dong was weaker -0.05% at 21200. Mexican peso was weaker -0.04% today, when it traded at 12.9566 pesos per dollar by the close of business.
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Chinese yuan was weaker -0.03% at 6.2079. Argentine peso was stronger +0.01% at 8.1511 pesos per dollar.
Brazil Paddy Rice Index Decline Slightly From Last Week
The Brazilian paddy rice index maintained by CEPEA reached at about 36.03 real per 50 kilograms as of July 14, 2014, down about 0.22% from about 36.11 real per 50 kilograms recorded on July 7, 2014.In terms of USD per ton, the index reached at about $326 per ton on July 14, 2014, down about 0.29% from about $327 per ton recorded on July 7, 2014.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Fall of Rice, Rise of Wheat Consumption in India, Says Survey The 68th National Sample Survey conducted in 2011-12 and released in June 2014 throws up some important and interesting trends in rice and wheat consumption in India.
Here are the top points: The consumption of rice has fallen marginally in a seven-yearperiod and the consumption of wheat has risen similarly
Rural Indians eat more rice (6 kg a month) and wheat (4.3 kg a month) than urban Indians (4.5 kg rice and 4 kg wheat a month respectively)
Rice consumption is negligible in Rajasthan in western India, while eastern state Manipur’s staple is rice.
Bihar loves both rice and wheat equally
Rural Uttar Pradesh eats twice the rice (4 kg per person per month) as urban (2 kg), though they both eat same quantity of wheat (7 kg).
South, east and north-east loves rice while north and the west are wheat lovers.
A Jammu & Kashmir citizen eats 3.3 kg wheat per month and 8 kg rice. Kashmiris eat more rice than citizens of Jammu.
In Uttarakhand, they eat more wheat than rice, while it is the reverse in Himachal Pradesh
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