13th april,2016 daily exclusive oryza rice e newsletter by riceplus magazine

www.ricepluss.com www.riceplusmagazine.blogspot.com [email protected]

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Daily Exclusive ORYZA

Rice E-Newsletter

April 13,2016 Vol 7,Issue IV


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Brazil Paddy Rice Index Unchanged From

Last Week

Apr 12, 2016

The Brazilian paddy rice index maintained by the Center for Advanced Studies on Applied

Economics (CEPEA) reached around 39.6 real per 50 kilograms as of April 8, 2016, unchanged

from last week.

In terms of USD, the index reached around $225.6 per ton on April 8, 2016, up around 3% from

around $219.2 per ton recorded a week ago.

Month-over-month, the index has increased around 2.7% from around 40.71 real per 50

kilograms recorded month ago. In terms of USD, the index increased around 1% during the

month.


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India Rice Stocks in Central Pool Stand at

26.811 Million Tons as of April 1, 2016; Down

13% from Last Year

Apr 12, 2016

India’s rice stocks in the central pool as of April 1, 2016 stood at around 26.811 million tons

(including a milled equivalent of about 9.925 million tons of paddy), down about 13.5% from

around 23.61 million tons recorded during the same period last year, according to data from the

Food Corporation of India (FCI).

Month-over-month, India's rice stocks in the central pool are down about 8% from around

29.234 million tons recorded on March 1, 2016. The current rice stocks are about double the

required strategic reserve norms of around 13.58 million tons for this time of the year, according

to the FCI.

Total food grain stocks (including rice and wheat) in the central pool stand at around 41.6

million tons as of April 1, 2016, up about 1% from last year's stock of around 41.143 million


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tons and down about 10% from last month's stock of around 46.233 million tons. Wheat stocks

stand at around 14.538 million tons, down about 16% from last year's stock of around 17.221

million tons and down about 14% from last month's stock of around 16.865 million tons.

Oryza CBOT Recap – Chicago Rough Rice Futures Close Lower

as USDA WASDE Fails to Provide Price Support

Apr 13, 2016

Chicago rough rice futures for May delivery settled 6 cents were cwt (about $1 per ton) lower at

$9.785 per cwt (about $216 per ton). The other grains finished the day higher; Soybeans closed

about 0.9% higher at $9.3625 per bushel; wheat finished about 1.2% higher at $4.5250 per

bushel, and corn finished the day about 1.6% higher at $3.6550 per bushel.

U.S. stocks traded higher Tuesday, with energy stocks leading as crude topped $41 a barrel, as

investors awaited the bulk of earnings due over the next few weeks. U.S. crude oil futures topped

their 200-day moving average in intraday trade for the first time since July 2014. WTI continued

to trade higher near $41.80 a barrel after earlier rising more than 3.5% to hit a fresh high for

2016. In economic news, March import prices showed a 0.2% rise from the prior month for the

first time in nine months, although the gain was well below the expected 1% rise. Export prices

were unchanged. U.S. small business confidence fell to a fresh two-year low in March at 92.6,

amid persistent worries about sales and profits, Reuters said, citing the National Federation of

Independent Business. The major economic data due in the next few days include retail sales and

inflation reports. European stocks were slightly higher in late-morning trade ET with banks

underperforming. Overnight, the Shanghai composite closed 0.3% lower, while the Nikkei 225

gained 1.1%.In afternoon trade, the Dow Jones industrial average added 156 points, or 0.89%, to

17,712. The S&P 500 rose 16 points, or 0.8%, to 2,058, with energy leading all 10 sectors

higher. The Nasdaq composite gained 25 points, or 0.5%, to 4,856. Gold is seen trading

unchanged, crude oil is seen trading about 4.5% higher, and the U.S. dollar is seen trading

slightly higher at about 2:15pm Chicago time.

Monday, there were 993 contracts traded, down from 1,605 contracts traded on Friday. Open

interest – the number of contracts outstanding – on Monday decreased by 125 contracts to

13,190.


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China to Release More Water from Mekong

River Dam to Reduce Drought Conditions

Down River

Apr 12, 2016

China plans to release more water from a damn in the southwestern province of Yunnan, The

Bangkok Post quotes China's Foreign Ministry as saying on Tuesday.

It's hoped that this additional water will help alleviate drought conditions in areas downriver,

inlcluding Thailand, Laos, Cambodia, and Vietnam.

Millions of citizens in these Southeast Asian countries have been affected and rice acreage and

yield have been under threat.

Global Rice Quotes

April 13th, 2016

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 425-435 ↔

Long grain white rice - low quality


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Thailand 25% broken 360-370 ↔


Pakistan 25% broken 310-320 ↔

Cambodia 25% broken 425-435 ↔

India 25% broken 330-340 ↔

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 ↔

U.S. parboiled 4% broken 480-490 ↔

Brazil parboiled 5% broken 490-510 ↔

Uruguay parboiled 5% broken NQ ↔

Long grain fragrant rice

Thailand Hommali 92% 670-680 ↔

Vietnam Jasmine 440-450 ↔

India basmati 2% broken NQ ↔

Pakistan basmati 2% broken NQ ↔

Cambodia Phka Mails 760-770 ↔

Brokens

Thailand A1 Super 330-340 ↔


Pakistan 100% broken stxd 285-295 ↔

Cambodia A1 Super 345-355 ↔

India 100% broken stxd 275-285 ↔


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Egypt medium grain brokens NQ ↔

U.S. pet food 315-325 ↔

Brazil half grain NQ ↔

All prices USD per ton, FOB vessel, oryza.com

Turkey Rice Acreage, Production to Decline

as Farmers Bemoan Prices, Says USDA Post

Report

Apr 12, 2016

USDA Post estimates Turkey’s rice planting will decrease to 96,000 hectares in the 2016/17

marketing year, resulting in an estimated production of 731,000 in the same marketing

year. Turkey’s what, corn, and barley production estimates also show expectations for a year-

over-year decline from the 2015/16 marketing year.

Turkey’s rice planting will start this month and finish by the end of May. The USDA Post says

weather conditions and dam water levels are favorable but the agency expects farmers to plant

about 2% less acreage in rice due to “decreased profitability and marketing issues.” The report

goes on to say that this is the second year farmers are dissatisfied with prices. Rice yields will be

determined by rainfall in late August through early September with harvest in September and

October.

The Government of Turkey supports rice farmers with a production premium; in 2015 that was

100 Turkish Lira (about $35 USD) per ton. The government also collects fees of 25 Turkish

Lira (about $8.75 USD) per hectare for permission to grow rice; these funds are for malaria

control and to distribute water fairly.

Vietnam, India Rice Sellers lower Some Their

Quotes Today; Other Asian Rice Quotes

Unchanged


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Apr 12, 2016

Vietnam rice sellers lowered their quotes for 25% broken rice and Jasmine rice by about $5 per

ton and $20 per ton to about $350-$360 per ton and $440-$450 per ton, respectively, today. India

rice sellers lowered their quotes for 25% broken rice by about $5 per ton to about $330-$340 per

ton. Thailand and Pakistan rice sellers kept their quotes unchanged.

5% Broken Rice

Thailand 5% rice is indicated at around $370 - $380 per ton, about $5 per ton premium on

Vietnam 5% rice shown at around $365 - $376 per ton. India 5% rice is indicated at around $370

- $380 per ton, about $25 per ton premium on Pakistan 5% rice shown at around $345 - $355 per

ton.

25% Broken Rice

Thailand 25% rice is indicated at around $360 - $370 per ton, about $10 per ton premium on

Vietnam 25% rice shown at around $350- $360 per ton. India 25% rice is indicated at around

$330- $340 per ton, about $20 per ton premium on Pakistan 25% rice shown at around $310 -

$320 per ton.

Parboiled Rice

Thailand parboiled rice is indicated at around $370 - $380 per ton. India parboiled rice is

indicated at around $345 - $355 per ton, about $60 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 $330 - $340 per ton, about $10 per ton

discount to Vietnam 100% broken rice shown at around $340 - $350 per ton. India's 100%

broken rice is shown at around $275 - $285 per ton, about $10 per ton discount to Pakistan

broken sortexed rice shown at around $285 - $295 per ton.

Wholesale Basmati Rice Prices in India

Continue to Rise on High Demand, Tight

Supply


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Apr 12, 2016

Wholesale basmati rice prices in India's national capital increased today, due to high demand

against restricted supplies from producing regions, according to the Times of India.

On April 12, 2016, prices of Pusa 1121 increased to around Rs.4,500 - 5,500 per quintal (around

$678 - $828 per ton) from previous levels of around Rs.4,300 - 5,300 per quintal (around $651 -

$802 per ton).

Prices of common basmati increased to around Rs.5,800 - 5,900 per quintal (around $873 - $889

per ton) from previous levels of around Rs.5,600 - 5,700 per quintal (around $848 - $863 per

ton).

West Africa Rice Production Projected to

Increase, Reducing Imports, Says USDA Post

Report


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Apr 12, 2016

West African countries saw their combined rice production increase 17% y/y in the 2015/16

(October 2015 -September 2016) marketing year to about 5.978 million tons and will see a 7%

y/y increase in the 2016/17 marketing year to 6.425 million tons, according to a USDA Post

Report.


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The region's rice imports are expected to decline 1% y/y to 3.75 million tons in the 2016/17

marketing year from about 3.79 million tons in the 2015/16 marketing year.

Jordan Rice Imports to Increase Slightly,

Says USDA Post Report

Apr 12, 2016

Jordan’s rice imports for the 2016/17 marketing year are projected at 210,000 tons, according to

a recent USDA Post Report. That is up from 209,000 tons in 2015/16 according to the USDA

Post and 200,000 tons in 2015/16 according to the USDA.

Jordan imports and distributes rice through private channels and all rice imports are duty

free. Jordan does not produce rice domestically and consumers prefer medium grain rice for

dishes like the popular “mansef;” the USDA Post reports that average annual consumption is

about 24 kg per person and is likely to increase along with population growth. About 90% of

imported rice is the medium grain (camolino) variety. The U.S. market share is estimated to

remain at about 50%; historically the 50% U.S. market share is followed by about 25% from

India, and the remaining tonnage from Australia, Thailand, and Italy.


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12 This Year’s India Monsoon Rains Expected

to Exceed 50-Year Average

Apr 13, 2016

India should see above normal rainfall in the upcoming monsoon, according to the India

Meteorological Department (IMD). The monsoon accounts for 80% of the nation’s annual

rainfall, starts in June, and takes place over the growing season of the main season rice

crop. The IMD projects precipitation in this year’s monsoon rains will be 106% of the 50-year

average of 89 centimeters (about 35 inches). The healthy monsoon would be the first time since

2013 that precipitation is above the 50-year average and follows an El Nino weather

phenomenon that has cause drought across rice producing regions of Asia.

In 2015 monsoon rains were 14% below the 50-year average and in 2014 they were 12% below

the 50-year average. With El Nino waning, there is now a 50% chance of a La Nina weather

phenomenon developing, which could mean additional rains for Asia.

Oryza U.S. Rough Rice Recap –

Prices Hold Steady Even as Ending

Stocks Decline Apr 13, 2016

The U.S. cash market was mostly unchanged today after the USDA WASDE report estimated

that U.S. long grain ending stocks decreased by 0.5 million cwt (about 22,689 tons) from last

month to 22.5 million cwt (about 1.02 million tons) on account of decreased imports.

Besides that, the USDA left the U.S. balance sheet completely unchanged from last month

however they did decrease the average farm price for all grain types.

Long grain was reduced from $11.00-$11.60 per cwt to $10.80-$11.20 per cwt while California

medium grain and Southern medium grain were reduced from $18.50-$19.50 per cwt to $18.20-

$18.80 per cwt and $11.40-$12.00 per cwt to $11.20-$11.80 per cwt, respectively.

The USDA cut global production by 0.5 million tons, primarily due to reduced production in Brazil and

Pakistan, however this was partially offset by reduced domestic use projections, which ultimately

lowered ending stocks by 0.3 million ton to 90.2 million tons.

ORYZA News have been published with permission of ORYZA.com with thanks

Documents

13th april,2016 daily exclusive oryza rice e newsletter by riceplus magazine