Daily Exclusive ORYZA Rice E-Newsletter
December 09 ,2015 Vol 5,Issue XII
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Daily Exclusive ORYZA Rice E-Newsletter
Guyana May Finalize Rice Export Deal with Mexico Within Next Five Weeks, Says Prime Minister Dec 08, 2015
The government of Guyana is hoping to finalize a rice export deal with Mexico within the next five weeks, local sources quoted the Guyanese Prime Minister as saying. Speaking to a public gathering on Monday, the Prime Minister noted that the government is optimistic that Mexico could replace Venezuela as a major purchaser of rice from Guyana. He noted that the Mexican President has assured that the Mexico would evaluate Guyana's proposal and would decide on imports shortly. The Prime Minister noted that prices from the Mexico deal may not be as high as those offered by Venezuela, would help farmers. He informed the gathering that after losing the Venezuela market, Guyana has expanded into 38 new markets. He also reiterated that the government is working on finding newer markets for Guyanese rice. Guyana exported around 497,176 tons of rice in the first eleven months (January - November) of 2015, up about 10% from around 451,422 tons exported during the same period last year, according to the Guyana Rice Development Board (GRDB).Guyana exported about 501,208 tons of rice in 2014, up about 27% from around 394,988 tons exported in 2013.
Vietnam exports 5.807 Million Tons of Rice in First Eleven Months of 2015, Down 1% from Previous Year Dec 08, 2015
Vietnam exported around 5.807 million tons of rice in the first eleven months of 2015 (January November), down about 1% from about 5.858 million tons of rice exported in first eleven months of 2014, according to data from the Vietnam Food Association (VFA). The average rice export price so far in this year stands at about $408.30 per ton (FOB), down about 6.8% from about $438.27 per ton recorded during same last year.
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Daily Exclusive ORYZA Rice E-Newsletter
According to the data from the VFA, Vietnam exported about 771,312 tons of rice in November 2015, up about 12% from around 687,663 tons of rice exported in October 2015, and up about 59% from about 484,513 tons rice exported in November 2014. The average export price in November stands at around $377.57 per ton, down about 4% per ton from a month ago and down about 19% from a year ago. The increase in exports can be attributed to a surge in demand from Indonesia and the Philippines, which are expecting a lower output this year due to extending drought conditions.
Thailand May Soon Sign New Rice Export Deal with China Dec 08, 2015
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Daily Exclusive ORYZA Rice E-Newsletter
The government of China may sign a new deal with China to export another one million tons of rice, Reuters quoted local sources. The two governments have last week signed rice and rubber deals as well as the Thai-Sino railway development agreement. The Thai government signed a deal to export one million tons of rice to China in 2016. The delivery would begin early next year. The deal is reportedly part of a 2 million ton rice Memorandum of Understanding (MoU) signed by the two governments in December 2014. The Thai government is reportedly working on the type of rice and prices. The government of Thailand has to still deliver the remaining 100,000 tons of rice to China under an earlier deal for 1 million ton signed under the Yingluck Shinawatra government. The Commerce Minister told local sources the government is pursuing government-togovernment (G2G)rice deals with many countries, including Iran. Thailand exported around 744,449 tons of rice in the first ten months of 2015, up about 26% from around 591,420 tons exported during the same period in 2014, according to data from the Thai Rice Exporters Association (TREA). The South-East Asian nation totally exported about 7.8 million tons of rice in the January-October 2015 period compared to around 8.77 million tons during the same period last year.
China 2015 Paddy Rice Output Increases Slightly y/y to 208.3 Million Tons, Says Statistics Bureau Dec 08, 2015 China's 2015 paddy rice output increased to around 208.3 million tons, slightly up from around 206.4 million tons in 2014, Reuters quoted data from the Statistics Bureau. The country's total grain output increased by about 2.4% to around 621 million tons in 2015 from around 606 million tons last year, according to the Bureau. The combined output of grains including rice, corn and wheat reportedly increased about 2.7% y/y to around 572 million tons. The government of China is grappling with increasing grain stocks and has recently proposed to leave some land fallow in order to deal with reducing water resources and reduce burden on excess grain stocks. USDA estimates China to produce around 207.86 million tons of paddy rice in MY 2015-16 (July - June) compared to around 206.43 million tons in MY 2014-15. It estimates China to import around 4.315 million tons of milled rice in 2014 and around 4.7 million tons in 2016.
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Daily Exclusive ORYZA Rice E-Newsletter
FAO Forecasts 2015 Mali Paddy Rice Production to Increase Sharply Due to Favourable Weather Conditions Dec 08, 2015
The UN's Food and Agriculture Organization (FAO) forecasts Mali's 2015 paddy rice production at around 2.451 million tons, up about 13% from around 2.167 million tons in 2014. The increase in production is attributed to a good rainfall conditions, increased planted area and use of selected seeds.
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Daily Exclusive ORYZA Rice E-Newsletter Domestic rice prices have remained stable or declined in major cities in November, 2015 due to increasing supplies from the 2015 harvest. They are lower than their year-ago levels, according to the FAO. USDA estimates Mail to produce 2.231 million tons or paddy (about 1.45 million tons, basis milled) in MY 2015-16 (October - September), down from last year's 2.3 million tons (around 1.495 million tons, basis milled). It estimates Mali to import 180,000 tons in 2015 and 200,000 tons of rice in 2016, up from 150,000 tons imported in 2014.
Thailand Rice Sellers Lower Some of Their Quotes Today; Other Asian Rice Quotes Remain Unchanged Dec 08, 2015
Thailand rice sellers lowered their quotes for Hom Mali rice variety by about $5 per ton to around $695 - $700 per ton today. Other Asian rice sellers have kept their quotes unchanged from yesterday. 5% Broken Rice Thailand 5% rice is indicated at around $350 - $360 per ton about $20 per ton discount on Vietnam 5% rice shown at around $370 - $380 per ton. India 5% rice is indicated at around $345 - $355 per ton, about $25 per ton premium on Pakistan 5% rice shown at around $320 - $330 per ton. 25% Broken Rice Thailand 25% rice is indicated at around $335 - $345 per ton, about $20 per ton discount on Vietnam 25% rice shown at around $355- $365 per ton. India 25% rice is indicated at around $320 - $330 per ton, about $25 per ton premium on Pakistan 25% rice shown at around $295 $305 per ton. Parboiled Rice Thailand parboiled rice is indicated at around $345 - $355 per ton. India parboiled rice is indicated at around $340 - $350 per ton, about $65 per ton discount to Pakistan parboiled rice last shown at around $405 - $415 per ton. 100% Broken Rice Thailand broken rice, A1 Super is indicated at around $325 - $335 per ton, about $5 per ton discount to Vietnam 100% broken rice shown at around $330 - $340 per ton. India's 100% 6
Daily Exclusive ORYZA Rice E-Newsletter broken rice is shown at around $280 - $290 per ton, about $5 per ton discount to Pakistan broken sortexed rice shown at around $285 - $295 per ton.
Global Rice Quotes December 9th, 2015 Long grain white rice - high quality Thailand 100% B grade 360-370 ↔ Vietnam 5% broken 370-380 ↔ India 5% broken 345-355 ↔ Pakistan 5% broken 320-330 ↔ Myanmar 5% broken 405-415 ↔ Cambodia 5% broken 415-425 ↔ U.S. 4% broken 485-495 ↔ Uruguay 5% broken 515-525 ↔ Argentina 5% broken 530-540 ↔ Long grain white rice - low quality Thailand 25% broken 335-345 ↔ Vietnam 25% broken 355-365 ↔ Pakistan 25% broken 295-305 ↔ Cambodia 25% broken 400-410 ↔ India 25% broken 320-330 ↔ U.S. 15% broken 515-525 ↔ Long grain parboiled rice Thailand parboiled 100% stxd 345-355 Pakistan parboiled 5% broken stxd 405-415 India parboiled 5% broken stxd 340-350 U.S. parboiled 4% broken 590-610 ↔ Brazil parboiled 5% broken 545-555 ↔ Uruguay parboiled 5% broken NQ ↔ Long grain fragrant rice Thailand Hommali 92% 695-705 ↔ Vietnam Jasmine 440-450 ↔ India basmati 2% broken NQ ↔ Pakistan basmati 2% broken NQ ↔ Cambodia Phka Mails 830-840 ↔ Brokens Thailand A1 Super 325-335 ↔ Vietnam 100% broken 330-340 ↔ Pakistan 100% broken stxd 285-295 ↔ Cambodia A1 Super 355-365 ↔ India 100% broken stxd 280-290 ↔ Egypt medium grain brokens NQ ↔
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Daily Exclusive ORYZA Rice E-Newsletter U.S. pet food 330-340 Brazil half grain NQ
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All prices USD per ton, FOB vessel, oryza.com
Wholesale Basmati Rice Prices in India Decline on High Supplies, Sluggish Demand Dec 08, 2015
Wholesale Indian basmati rice prices are continuing to decline this month, partially reversing the advance seen in late November, according to the Press Trust of India (PTI).Prices of common
basmati rice today declined to around Rs.6,100 - Rs.6,200 per quintal (around $916 - $931 per ton) today from around Rs.6,200 - 6,300 per quintal (around $931 - $946 per ton) yesterday.Prices of Pusa 1121 declined to around Rs.4,500 - 5,300 per quintal (around $676 $796 per ton) from around Rs.4,700 - 5,500 per quintal (around $706 - $826 per ton) yesterday."Subdued demand against adequate stocks on higher supplies from producing regions mainly kept pressure on rice basmati prices," traders were quoted as saying. 8 Exclusive News have been shared with written permission of ORYZA.com with thanks