May 06, 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
India Average Wholesale Rice Prices Advance April 2015
May 05, 2015
India average whole sale rice prices stand at Rs. 2,760 per ton in April 2015, up slightly from Rs. 2,752 per ton in March 2015, and down about 8% from Rs. 3,016 per ton in April of last year.In USD terms, India average whole sale rice prices stand at $436 per ton in April 2015, down about 2% from $445 per ton in March 2015, and down about 12% from $498 per ton in April of last year. The government of India, in its second advance estimates for major crops, has estimated India's rice production, basis milled, from rabi crop at around 15.02 million tons and around 88.02 million tons from kharif crop, according to a statement from the Agriculture Ministry. It 2
Daily Exclusive ORYZA Rice E-Newsletter www.ricepluss.com estimates total rice production for 2014-15 marketing year (October 2014 - September 2015) at around 103.04 million tons, down about 3% from an estimated 106.65 million tons in 2013-14.
Brazil Paddy Rice Index Declines from Last Week
May 05, 2015
The Brazilian paddy rice index maintained by CEPEA reached around 35.58 real per 50 kilograms as of May 4, 2015, down about 0.56% from around 35.78 real per 50 kilograms recorded on April 27, 2015.In terms of USD per ton, the index reached around $231.43 per ton on May 4, 2015, down about 5.5% from around $245 per ton recorded on April 27, 2015.
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Daily Exclusive ORYZA Rice E-Newsletter www.ricepluss.com
Global Rice Quotes May 6th, 2015 Long grain white rice - high quality Thailand 100% B grade 385-395
↔
Vietnam 5% broken
355-365
↔
India 5% broken
370-380
↔
Pakistan 5% broken
375-385
↔
Myanmar 5% broken
415-425
↔
Cambodia 5% broken
430-440
↔
U.S. 4% broken 480-490
↔
Uruguay 5% broken
565-575
↔
Argentina 5% broken
555-565
↔
Long grain white rice - low quality Thailand 25% broken
350-360
↔
Vietnam 25% broken
335-345
↑
Pakistan 25% broken
330-340
↔
Cambodia 25% broken 410-420
↔
India 25% broken
345-355
↔
U.S. 15% broken
470-480
↔
Long grain parboiled rice Thailand parboiled 100% stxd
375-385
Pakistan parboiled 5% broken stxd
↓
390-400
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Daily Exclusive ORYZA Rice E-Newsletter www.ricepluss.com 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% 885-895
↔
Vietnam Jasmine
↓
480-490
India basmati 2% broken
NQ
↔
Pakistan basmati 2% broken
NQ
↔
Cambodia Phka Mails
815-825
↔
315-325
↔
Brokens Thailand A1 Super
Vietnam 100% broken 310-320 Pakistan 100% broken stxd Cambodia A1 Super
↑
285-295
350-360
↔
India 100% broken stxd 270-280
↔
Egypt medium grain brokens
NQ
↔
U.S. pet food
↔
370-380
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 Overnight Recap – Chicago Rough Rice Futures Lower Overnight as Both Wheat and Corn Slip May 05, 2015
Chicago rough rice futures for Jul delivery are currently seen paused 1.5 cents per cwt (about $0.33 per ton) lower at $10.090 per cwt (about $222 per ton) ahead of floor trading in Chicago. The other grains are seen trading mixed: soybeans are currently seen about 0.1% higher, wheat is listed about 0.9% lower and corn is currently noted 0.9% lower.U.S. stock index futures indicated a lower open on Tuesday amid of a raft of major economic data releases, which investors will look to for signals on the timing of a rate hike. European shares traded mixed, while Chinese shares plummeted after the Reserve Bank of Australia cut interest rates for the second time this year. In the United States, March trade figures showed that the trade deficit was $51.4 billion, the largest since 2008 as imports surged. February's figure was increased slightly to $35.9 billion from $35.4 billion. Analysts expected the March trade deficit to widen to $42.5 billion. In other economic news, April's nonmanufacturing ISM comes at 10:00 a.m. ET, and the PMI services index at 9:45 a.m. The rest of the week includes reports on jobs, with the ADP national employment report; weekly jobless claims and finally the Labor Department's non-farm payrolls report for April on Friday. European equities were mixed on Tuesday as investors kept an eye on the ongoing Greece bailout drama and earnings from banking giants HSBC and UBS. Gold is currently trading about 0.9% higher, crude oil is seen trading about 3.1% higher, and the U.S. dollar is currently trading about 0.2% higher at 8:30am Chicago time.
Oryza U.S. Rough Rice Recap - Cash Prices Slide amid Rumors the IGB Canceled White Rice Tender May 05, 2015
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Daily Exclusive ORYZA Rice E-Newsletter www.ricepluss.com The U.S. cash market was weaker today after it was rumored that the Iraqi Grain Board canceled their latest tender failing to award sales to any origins.Analysts note that it will be difficult for cash prices to stabilize or firm without a substantial increase in export demand however with the absence of Iraq it does not appear any will show up in May.
Oryza Afternoon Recap - Chicago Rough Rice Futures Fall Below $10.000 per cwt as Rumors Circulate of another Round of Missed Export Business May 05, 2015
Chicago rough rice futures for Jul delivery settled 13 cents per cwt (about $3 per ton) lower at $9.975 per cwt (about $220 per ton). Rough rice futures saw follow-through selling today following yesterday’s bearish setup. Prices fell through and closed below nearby psychological support noted at $10.000 per cwt (about $220 per ton) and will likely continue lower in the coming days. The other grains closed mostly higher with only wheat continuing lower following losses sustained yesterday; Soybeans closed about 0.9% higher at $9.8475 per bushel; wheat finished about 1.3% lower at $4.6650 per bushel, and corn finished the day about 0.7% higher at $3.6125 per bushel. U.S. stocks traded lower on Tuesday as investors eyed higher bond yields, mixed domestic data and global headlines, including some renewed concerns on Greece. The major averages struggled to hold above psychologically key levels. The Dow Jones industrial average traded more than 110 points lower, holding below 18,000. The Nasdaq underperformed, falling more than 1% to below 5,000. In the continuing Greek debt drama, stocks and bonds sold off in Athens on news the International Monetary Fund may cut a funding lifeline to Greece unless its European partners accept more debt write-downs. U.S. futures had signaled a lower open as European shares were mostly lower and Chinese shares plummeted after the Reserve Bank of Australia cut interest rates for the second time this year. The Dow Jones Industrial Average traded down 98 points, or 0.55%, at 17,972. The S&P 500 traded down 18 points, or 0.86%, at 2,096, with utilities leading all ten sectors lower. The Nasdaq traded down 65 points, or 1.30%, at 4,951. Gold is trading about 0.5% higher, crude oil is seen trading about 2.9% higher, and the U.S. dollar is seen trading about 0.4% lower at about 1:00pm Chicago time.Monday, there were 714 contracts traded, down from 1,060 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday decreased by 65 contracts to 10,709.
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