March 05, 2015
Daily Exclusive ORYZA Rice E-Newsletter www.ricepluss.com
Volume 5, Issue I Daily Exclusive
ORYZA Rice Newsletter
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Daily Exclusive ORYZA Rice E-Newsletter www.ricepluss.com
Thailand to Support Namibia to Develop Rice Sector Mar 04, 2015
A delegation of Thai rice exporters led by Thailand's Ambassador to Namibia, who met with Namibia's President have promised to assist the South West African nation to start and sustain rice production, according to local sources.The Thai Ambassador to Namibia noted that Thailand, with all its expertise in rice production, would support Namibia in adopting and using all latest technologies in rice production. The Namibian President also requested the Thai delegation to guide their farmers to grow quality rice and help in the development of rice sector in the country.Namibia is not a traditional rice producer but is keen on ramping up rice production considering the demand for the staple as well as to address food insecurity issues. In 2009, the President initiated an ambitious project to kick
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Daily Exclusive ORYZA Rice E-Newsletter www.ricepluss.com off rice production using seeds of three rice varieties - Supa, Irga and Angola. Presently, under this project, rice has been planted in about 222 hectares. Namibia imports around 10,000 tons of rice annually to meet local consumption needs.
Vietnam Rice Sellers Lower Some of Their Quotes Today; Other Asia Quotes Unchanged Mar 04, 2015
Vietnam rice sellers lowered their quotes for Jasmine rice by about $5 per ton to around $455 $465 per ton today. Other Asia rice sellers kept their quotes mostly unchanged. 5% Broken Rice Thailand 5% rice is quoted at around $405 - $415 per ton, about $35 per ton premium on Vietnam 5% rice shown at around $370 - $380 per ton. India 5% rice is quoted at around $390 $400 per ton, about $45 per ton premium on Pakistan 5% rice quoted at around $345 - $355 per ton. 25% Broken Rice Thailand 25% rice is quoted at around $365 - $375 per ton, about $20 per ton premium on Vietnam 25% rice shown at around $345- $355 per ton. India 25% rice is quoted at around $355 - $365, about $50 per ton premium on Pakistan 25% rice quoted at around $305 - $315 per ton. Parboiled Rice Thailand parboiled rice is quoted at around $400 - $410 per ton. India parboiled rice is quoted at around $385 - $395 per ton, about $5 per ton discount to Pakistan parboiled rice quoted at around $390 - $400 per ton. 100% Broken Rice Thailand broken rice, A1 Super, is quoted at around $320 - $330 per ton, about $5 per ton premium on Vietnam 100% broken rice shown at around $315 - $325 per ton. India's 100% broken rice is shown at around $280 - $290 per ton, about $10 per ton discount to Pakistan broken sortexed rice quoted at around $290 - $300 per ton.
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Daily Exclusive ORYZA Rice E-Newsletter www.ricepluss.com
Thailand May Sell Poor-Quality Rice After August 2015, Says Foreign Trade Department
Mar 04, 2015
The Thai government may sell poor-quality rice after August 2015, Bloomberg quoted the Department of Foreign Trade as saying. Local and overseas buyers are keen on buying deteriorating quality rice, which is apparently not suitable for human consumption, for use in non-food sector, according to the Department.The Department reportedly made it clear that it is not planning to sell poor-quality rice immediately as being reported in local media. The Department also denied reports that it has been selling low-quality rice at low prices. The Foreign Trade Department urged the government to pursue legal cases against those involved in poor maintenance of stocks. According to a report released by the government, of the
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Daily Exclusive ORYZA Rice E-Newsletter www.ricepluss.com 17.8 million tons of rice stocks, about 2.35 million tons are of good quality, about 14.4 million tons are sub-standard, and about 694,000 tons are rotten and around 390,000 are missing.
Global Rice Quotes March 5th, 2015 Long grain white rice - high quality Thailand 100% B grade 415-425
↔
Vietnam 5% broken
370-380
↔
India 5% broken
390-400
↔
Pakistan 5% broken
345-355
↔
Myanmar 5% broken
410-420
↔
Cambodia 5% broken
425-435
↔
U.S. 4% broken 480-490
↔
Uruguay 5% broken
NQ
↔
Argentina 5% broken
NQ
↔
Long grain white rice - low quality Thailand 25% broken
365-375
↔
Vietnam 25% broken
345-355
↔
Pakistan 25% broken
305-315
↔
Cambodia 25% broken 410-420
↔
India 25% broken
355-365
↔
U.S. 15% broken
470-480
↔
Long grain parboiled rice 5
Daily Exclusive ORYZA Rice E-Newsletter www.ricepluss.com Thailand parboiled 100% stxd
400-410
Pakistan parboiled 5% broken stxd
↔
390-400
India parboiled 5% broken stxd 385-395
↔
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% 920-930
↔
Vietnam Jasmine
↔
455-465
India basmati 2% broken
NQ
↔
Pakistan basmati 2% broken
NQ
↔
Cambodia Phka Mails
785-795
↔
320-330
↔
Vietnam 100% broken 315-325
↔
Brokens Thailand A1 Super
Pakistan 100% broken stxd Cambodia A1 Super
290-300
345-355
↔
India 100% broken stxd 280-290
↔
Egypt medium grain brokens
NQ
↔
U.S. pet food
↔
380-390
Brazil half grain NQ
↔
↔
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Daily Exclusive ORYZA Rice E-Newsletter www.ricepluss.com All prices USD per ton, FOB vessel, oryza.com
Oryza Afternoon Recap - Chicago Rough Rice Futures Rebound as Market Continues Back-and-Forth Trading Pattern Mar 04, 2015
Chicago rough rice futures for May delivery settled 10 cents per cwt (about $2 per ton) higher at $10.725 per cwt (about $236 per ton). Rough rice futures recovered a good portion of yesterday’s losses but were unable to close above yesterday’s opening price. The market continues to trade in a sideways trading range with underlying support around $10.600 per cwt (about $234 per ton) and overhead resistance around $10.800 per cwt (about $238 per ton). For the time being expectations are for price to remain trapped within this range, however a breakout in either direction will likely signal the direction of future market direction. The other grains finished closed lower to sharply lower, led by a decline in wheat; Soybeans closed about 1.8% lower at $9.9400 per bushel; wheat finished about 2% lower at $4.9600 per bushel, and corn finished the day about 0.4% lower at $3.8950 per bushel.U.S. stocks traded lower on Wednesday as investors weighed a series of economic data ahead of Friday's employment report that could shed light on the timing of an interest rate hike. The S&P 500 traded just under 2,100 as all sectors except health care declined. The Dow Jones industrial average fell more than 150 points before recovering to trade about 100 points lower, with most blue chips lagging. The ADP private payrolls report showed a gain of 212,000 in February, below expectations and the slowest pace since August 2014. The January private payrolls report was revised up to 250,000. The ADP data is considered a pre-indicator of Friday's labor market report from the Bureau of Labor Statistics. The Federal Reserve should wait until the first half of 2016 before raising interest rates, Chicago Fed President Charles Evans said, citing low inflation. Two other Fed officials are also scheduled to speak on Wednesday. The ISM non-manufacturing index posted 56.9 for February, above estimates of 56.5. The Federal Reserve releases its Beige Book on the economy at 2 p.m. The Dow Jones Industrial Average traded down 105 points, or 0.58%, to 18,097. The S&P 500 traded down 10 points, or 0.49%, to 2,097, with telecommunications the greatest laggard and health care the only advancing sector. The Nasdaq traded down 12 points, or 0.25%, to 4,967. Gold is trading about 0.3% lower, crude oil is seen trading about 0.7% higher, and the U.S.
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Daily Exclusive ORYZA Rice E-Newsletter www.ricepluss.com dollar is seen trading about 0.6% higher at about 1:00pm Chicago time.Tuesday, there were 799 contracts traded, up from 491 contracts traded on Monday. Open interest – the number of contracts outstanding – on Tuesday decreased by 36 contracts to 9,092.
Oryza Overnight Recap – Chicago Rough Rice Futures Trade Higher Despite Negative Start to Neighboring Grains Mar 04, 2015
Chicago rough rice futures for May delivery are currently listed 9.5 cents per cwt (about $2 per ton) higher at $10.720 per cwt (about $236 per ton) during early floor trading in Chicago. The other grains are seen trading lower this morning: soybeans are currently seen about 1.2% lower, wheat is listed about 1.8% lower and corn is currently noted about 0.7% lower.U.S. stocks traded lower on Wednesday as investors weighed a series of economic data ahead of Friday's employment report that could shed light on the timing of an interest rate hike. The Dow Jones industrial average fell 100 points soon after the open, while all ten sectors in the S&P 500 declined. The ADP data is considered a pre-indicator of Friday's labor market report from the Bureau of Labor Statistics. Stocks pulled back from records on Tuesday, with the Dow and S&P lower and the Nasdaq below the psychologically important 5,000 level. Other economic reports are ISM non-manufacturing data at 10 a.m., and the Federal Reserve's Beige Book on the economy at 2 p.m. The Dow Jones Industrial Average traded down 103 points, or 0.57%, to 18,094.13. The S&P 500 traded down 12 points, or 0.60%, to 2,094, with materials leading declines across all ten sectors. The Nasdaq traded down 33 points, or 0.67%, to 4,946. Gold is currently trading unchanged, crude oil is seen trading about 0.5% higher, and the U.S. dollar is currently trading about 0.4% higher at 9:00am Chicago time.
Center of Excellence Staff Participate in Study Tour to Vocational Agriculture Institutions in Ghana
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Daily Exclusive ORYZA Rice E-Newsletter www.ricepluss.com
Mar 04, 2015
PRESS RELEASE: Monrovia, Liberia-In partnership with the Ministry of Education (MoE), the USAID Food and Enterprise Development (FED) Program has developed Liberia’s first market-based, integrated vocational training program in agriculture. USAID FED’s mandate is to develop the Booker Washington Institute (BWI) and the Community Colleges in Nimba (NCCC), Grand Bassa (GBCC) and Lofa (LCCC) counties into Centers of Excellence (CoE) in Vocational Agricultural Education. The MoE, with the support of USAID FED, has developed a National Diploma in Agriculture (NDA), curriculum which will be rolled out in March 2015.
The National Diploma for Agriculture (NDA) is an innovative, skills-focused two-year Vocational Diploma that prepares high school graduates to move directly into agricultural employment in the formal sector or through entrepreneurship. Students will graduate with marketable, in-demand skills that will give them expanded employment options tied to the country’s growing agricultural market and industry needs. USAID FED’s supported Centers of Excellence in Agriculture will lead the practical training program through campus base agrienterprises and practicum in related industries. The NDA is the country’s first TVET curriculum that is harmonized with the ECOWAS (Economic Community of West African States) vocational agriculture curriculum and represents an important step towards regional integration. As Liberia rebuilds its agriculture sector, ensuring the agriculture programs and its instructors are well equipped to teach and demonstrate best practices is paramount to revitalizing the sector. USAID FED supported a study tour of key personnel of the Centers of Excellence from February 15-28, 2015 to vocational education institutions in Ghana . The purpose of the visit was for CoE staff to share the experiences of /get insights from more advanced vocational agricultural institutions on how to enhance program delivery and ensure sustainable operation of their institutions as Centers of Excellence in Agricultural Vocational Education. In total fourteen people participated in this trip, three from each CoE and two USAID FED staff members. The 9
Daily Exclusive ORYZA Rice E-Newsletter www.ricepluss.com participants were instructors, agri-business staff and administrators of the institutions. Some of the institutions that were visited were Kumasi Institute of Tropical Agriculture (KITA), Kwadaso Agriculture College (KAC), Ministry of Food and Agriculture (MoFA), and the Animal Health & Production College just to name a few. Dr. Yar Gonway-Gono, President, Nimba County Community College in her presentation stated, “We want to thank USAID FED for this opportunity to travel to Ghana. We will now be the catalyst of change at our institutions with the new skills and ideas we have learned during our study tour to Ghana. All aspects of the CoE’s will be further enhanced based upon our new found knowledge especially in the areas of turning an institution into a profitable agribusiness enterprise based upon the Ghanaian experience.” “Now that the CoE staff have participated in their study tour to Ghana, they can bring back the lessons learned from these Ghanaian institutions and further improve the NDA program at their respective institutions in Liberia. The NDA will improve overall capacity of future farmers; the added bonus is that Liberian youth will also acquire agro-business skills, such as business plan development, record keeping and financial management, needed to create a business,” says USAID FED Chief of Party, Agnes Luz. “These skills play a key role in addressing not only the immediate employment needs of graduates, but also the development and growth of the agricultural and food production sectors of the country.” “The lessons plans being utilized at the Ghanaian Agriculture Vocational schools were comprehensive and modern. All of their laboratories used modern equipment and were accessible for students. We will take these lessons learned and implement similar measures at our CoE’s to further enrich the NDA program and lab space for our students, said Jeremiah M. Swinteh, Agricultural Instructor at Grand Basa Community College.USAID FED has provided the CoE’s with computers and other ICT equipment, textbooks internet connectivity, training of instructors, textbooks, and laboratory equipment to support the NDA rollout. USAID FED is currently focusing on upgrading the library and laboratory facilities towards a conducive learning environment for students enrolled in the NDA Program. The USAID FED Program for Liberia aims to reduce hunger and promote food security for Liberians by increasing agricultural productivity and profitability across food based value chains, stimulating enterprise development and building the agriculture workforce. The program is implemented in six counties: Bong, Nimba, Lofa, Grand Bassa, Margibi and Montserrado.USAID FED is Africa’s largest project under President Barack Obama’s Feed the Future Initiative, which promotes a move away from subsistence and increasing food security by working with public and private bodies, including the Government of Liberia, the private sector, local NGOs and other key stakeholders.
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