1st December,2015 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

8/20/2019 1st December,2015 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

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Daily Exclusive ORYZA Rice E-Newsletter

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www.ricepluss.com www.riceplusmagazine.blogspot.com

December 01 ,2015

Vol 5,Issue


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Italian Paddy Rice Prices Remain Firm in Third Week

of November 2015

Nov 30, 2015

Italian paddy rice prices remained unchanged as of November 24, 2015 fromthose on November 17, 2015, according to local sources. Prices, which were

quite low in the last week of September and first week of October, have startedincreasing from the second week of October and have continued the pace till the

week ended November 17. Prices of Japonica reportedly increased to arelatively higher extent in the earlier weeks of this crop year (September 2015

– August 2016).

Below are farm gate paddy quotes from the Milan grain exchange, as ofNovember 24, 2015:

Arborio-Volano rice is quoted 650-675 euros (about $ 689-715) per ton;Balilla, Centauro and similar paddies are out at 335-365 euros (about $ 355-

387) per ton;Lido, Crono, Flipper and similar varieties are out at 300-320 euros (about $

318-339) per ton;Padano, Argo is out at 385-430 euros (about $ 408-456) per ton;


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Vialone Nano is quoted 590-630 euros (about $ 625-668) per ton;

Carnaroli is quoted 650-705 euros (about $ 689-747) per ton;Thaibonnet and similar varieties are quoted 285-305 euros (about $ 302-322)per ton;Sant'Andrea is quoted 390-420 euros (about $ 413-445) per ton;

Luna Cl, Dardo and similar varieties are out at 300-320 euros (about $318-339) per ton;Baldo is quoted 360-380 euros (about $ 381-403) per ton;Roma is quoted 400-430 euros (about $ 424-456) per ton;Selenio is quoted 335-385 euros (about $ 355-408) per ton;Augusto is out at 355-375 euros (about $ 376-397) per ton;Loto and Nembo are quoted 330-360 euros (about $ 349-381) per ton.

Milling Facility Aims for Undisrupted Rice Supply inUAE

Nov 30, 2015

A new rice milling facility worth 140 million dirham and with a storage capacity

of 50,000 tons is being planned by the Abu Dhabi-based agribusiness firm AlDhara Holding and India-based Kohinoor Foods to address supply concerns in

the United Arab Emirates (UAE), according to Reuters.Al Dahra is the government's strategic partner on food security matters. The

joint venture firm can handle all production processes including milling , storing,

packing and distribution.Since UAE imports all the rice needed for its consumption and nearly 85% of itsfood needs, setting up of such a modern facility is expected to ensure

continuous supply of rice and other food items within the UAE countries."Al Dahra Kohinoor facility will ensure the sustainable and undisrupted supply of

essential food commodities into the Emirate (Abu Dhabi) and we are eager tolaunch operations by the second quarter of 2016," said the Vice Chairman of AlDhara Holding in a statement.

The facility will reportedly be located in the Khalifa Industrial Zone Abu Dhabi(Kizad).

USDA estimates UAE to import about 460,000 tons of rice in 2015.

Japan Lowers 2016 Rice Production Target by 1% to

7.43 Million Tons

Dec 01, 2015


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Japan's Agriculture Ministry has lowered the country's rice production target in

2016 to around 7.43 million tons from last year's 7.51 million tons in line withthe falling consumption demand, according to local sources.The Ministry has accordingly, reduced individual targets for the country's 47prefectures, some officials were quoted as saying.

The government has been lowering the rice production target every year since2010. Currently, the government is encouraging farmers to lower production forhuman consumption and increase that for feed. Rice production for humanconsumption fell below the target in 2015, but domestic rice consumption alsodeclined significantly during the year, according to Ministry sources.Rice utilization for feed in the first eleven months of MY 2014-15 (October -September) reached around 1.068 million tons from around 732,893 tons in MY

2013-14, USDA Post reported in a recent report.

India Average Wholesale Rice Prices Increase in

November 2015 on Concerns of Low ProductionDec 01, 2015

India average wholesale rice prices which declined in October 2015 with thebeginning of the kharif (June - December) rice harvest, have increased in


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November on concerns of lower output due to El Nino-induced below-average

monsoon rains in many rice growing areas.Average monthly wholesale rice prices in India increased to around Rs.2,614.61per quintal in November 2015, up about 1% from around Rs.2,588.89 perquintal in October 2015, and down about 6% from their year-ago levels of

around Rs.2,779.28 per quintal.In terms of USD per ton, wholesale rice prices in India stand at around $396 perton (using current exchange rates) in November 2015, slightly down fromaround $399 per ton (using historical exchange rates) in October 2015, anddown about 12% from around $448 per ton (using historical exchange rates) inNovember 2014.Analysts are expecting India’s average prices to increase if India’s production is

dampened by intensifying El Nino weather pattern, which is likely to causedrought conditions in Asia. The government of India has forecasted the 2015-16

kharif (June - December) rice production at around 90.6 million tons, slightlydown from around 90.86 million tons in 2014-15.

Oryza CBOT Rough Rice Futures Recap - Chicago

Rough Rice Futures Give Up Early Gains to Close

Lower

Dec 01, 2015

Chicago rough rice futures for Jan delivery settled 5 cents per cwt (about $1 perton) higher at $11.905 per cwt (about $262 per ton). The other grains finishedthe day mostly higher; Soybeans closed about 0.9% higher at $8.8100 per

bushel; wheat finished about 0.7% lower at $4.7550 per bushel, and cornfinished the day about 1.4% higher at $3.7225 per bushel.U.S. stocks traded mostly lower Monday, the last day of trade for November, as

investors eyed retail results and readied for key data and central bankcomments later in the week. The major averages briefly attempted slight gains

before holding mostly below the flatline in afternoon trade. The major averagesare on track for monthly gains of about 0.3% or more, with the Nasdaq

composite the best performer. The November Chicago PMI came in at 48.7, incontraction territory and down from October's 56.2 print. The pending home

sales figure for October from the National Association of Realtors rose by just0.2%, ending two straight months of declines but far below expectations for a

1.0% rebound, Reuters said. In addition to Friday's key employment report,central banks will take center stage later in the week. On Thursday, theEuropean Central Bank is expected to expand its easing program and cut itsalready negative deposit rate. The International Monetary Fund announcedMonday it will include China's yuan, or renminbi, in an exclusive group of

currencies that make up the basket of the IMF's Special Drawing Rights (SDR).The change is set to take effect next October. European stocks closed mixed,

while Asian equities ended mostly lower. The Shanghai composite closed mildly


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higher after posting its worst day since August on Friday. In early afternoon

trade, the Dow Jones industrial average traded down 24 points, or 0.14%, to17,776. The S&P 500 traded down 3 points, or 0.15%, at 2,087, with energyleading six sectors higher and healthcare leading advancers. The Nasdaqcomposite traded down 19 points, or 0.39%, at 5,107. Gold is seen trading

about 1.2% higher, crude oil is seen trading nearly flat, and the U.S. dollar isseen trading about 0.1% higher at about 1:20pm Chicago time.Friday, there were 729 contracts traded, down from 1,063 contracts traded onWednesday. Open interest – the number of contracts outstanding – on Fridayincreased by 162 contracts to 12,544.

IGC Forecasts 2015-16 Global Rice Production to

Decline About 1% from Previous Year

Dec 01, 2015

In its November 2015 Grain Market Report (GMR), the International GrainsCouncil (IGC) forecasts 2015-16 global rice production at around 474 tons,down about 1% from record 478 million tons in 2014-15 as expected decline insome of the top producing countries, including India and Thailand, is only partlyoffset by improved harvest in other Asian countries.The IGC, however kept its forecasts unchanged from its previous estimate inOctober 2015.The IGC forecasts 2015-16 global rice trade at around 42 million tons,unchanged from the previous year's 42 million tons as well as its previous

estimate of around 42 million tons. The IGC forecasts global trade to reachrecord high in 206 due to increased imports by most of the Asian countries,including Indonesia and the Philippines, as part of efforts to maintain adequate

domestic supplies.The agency forecasts 2015 global rice consumption to increase about 1% toaround 486 million tons from an estimated 483 million tons last year andslightly up from its previous estimate of around 487 million tons.The IGC forecasts global rice ending stocks at around 94 million tons in2015-16, down about 12% from an estimated 107 million tons in 2014-15 andunchanged from its previous estimate. The IGC forecasts the ending stocks inmajor exporters like India and Thailand to decline significantly.

In its November 2015 Rice Outlook report, USDA forecasts 2015-16 global riceproduction (milled basis) at around 473.5 million tons, down about 1% from lastyear due to an expected decline in acreage as well as decline in average yields,which are likely to be affected by adverse weather conditions. USDA forecasts2015 global rice trade at around 42.5 million tons, down about 800,000 tonsfrom an estimated 43.3 million tons in 2014, and almost unchanged from lastmonth's forecast of around 42.4 million tons.


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Italy Approves New Law on Agricultural Biodiversity;

More Rice Varieties to Get PDO, PGI Denominations

Dec 01, 2015

The Italian Parliament has approved the institution of a 'National System ofAgricultural Biodiversity and Food' on November 30, 2015, according to local

sources. It has also approved for the institution of a Protection Fund to supportthe actions of farmers.

According to the law, the Council for Agricultural Research and analysis of theagrarian economy (CREA) will intervene in the research activities related toagricultural biodiversity and food over the next three years to protect anddevelop the agricultural sector.Farmers unions have welcomed the decision. "The recognition of our typical and

traditional products related to agriculture Italian territory becomes a realinvestment in competitiveness," said the Italian Farmers Union Coldiretti.The decision is expected to protect the locally developed rice varieties. Italycurrently has 4,886 traditional foods developed in local regions, including 272food varieties are Protected Designation of Origin (PDO) and ProtectedGeographical Indications (PGI) specialties. Of these, Riso di Baraggia biellese evercellese PDO, Vialone Nano PGI, Riso delta del Po PGI are famous ricevarieties. The PDO and GPI denominations allow to certify high quality standardin rice farming and milling, thus permitting to get a higher final price.The new law allows rice produced in many other regions also get PDO and PGIdenominations.

Oryza U.S. Rough Rice Recap - Prices Seen Steady

Despite Less Than Stellar Export Sales

Dec 01, 2015

The U.S. cash market was seen mostly steady today despite than stellar export

sales.

The USDA reported that cumulative net export sales for the week that ended onNovember 19th, totaled 33,700 tons, a decrease of 23% from the previous weekand 51% lower than the prior 4-week average.

Increases were reported for the following destinations including: 13,700 ton toJapan, 7,200 tons to Costa Rica, 5,000 tons to Haiti, 3,600 tons to Hondurasincluding 2,600 tons switched from unknown destinations, 3,100 tons toCanada.


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U.S. rice exporters shipped 27,900 tons, a decrease of 75% from than last week

and 58% lower than the prior 4-week average. Increases were reported for thefollowing destinations including: 12,300 tons to Japan, 3,900 tons to Mexico,3,500 tons to Honduras, 3,200 tons to Canada, and 1,500 tons to South Korea.

Global Rice QuotesDecember 1st, 2015

Long grain white rice - high quality

Thailand 100% B grade 360-370 ↔

Vietnam 5% broken 370-380 ↔

India 5% broken 350-360 ↔

Pakistan 5% broken 320-330 ↑

Myanmar 5% broken 405-415 ↔

Cambodia 5% broken 415-425 ↔

U.S. 4% broken 485-495 ↔

Uruguay 5% broken 535-545 ↔

Argentina 5% broken 530-540 ↔

Long grain white rice - low quality

Thailand 25% broken 335-345 ↔


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 ↔


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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% 700-710 ↔

Vietnam Jasmine 435-445 ↓

India basmati 2% broken NQ ↔

Pakistan basmati 2% broken NQ ↔

Cambodia Phka Mails 830-840 ↔

Brokens

Thailand A1 Super 325-335 ↔


Pakistan 100% broken stxd 280-290 ↔

Cambodia A1 Super 355-365 ↔

India 100% broken stxd 280-290 ↔

Egypt medium grain brokens NQ ↔

U.S. pet food 330-340 ↔

Brazil half grain NQ ↔

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

Thai Rice Prices May Increase by 15% Next Year if

Drought Continues, Says TREA Official

Nov 30, 2015


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The Honorary President of the Thai Rice Exporters Association (TREA) is

expecting the Thai rice export prices, which are currently slightly below theVietnam prices, would increase by about 10-15% in the first quarter of 2016and another 10-15% in the second quarter if the dry spell continues, accordingto local sources.

He told reporters that the government is expecting output from this year's maincrop to decline about 2% to 26 million tons, and that from the off-season todecline by over half to around 4 million tons. If the drought conditions continue,output from next year's main crop may be impacted as well, he said.The TREA is expecting the global rice production to decline by about 1%, hesaid. "The impact of the dry weather is expected to become clearer by themiddle of next year, particularly after Indonesia's harvest season in April, when

we will see how much Indonesia's rice production will fall," he noted.The TREA official noted that the major importers such as the Philippines,

Indonesia and Middle Eastern countries are concerned about their fallingoutputs and are forced to maintain reserve stocks to prevent price hikes locally.

Despite lower production, he noted that Thailand's rice exports are expected toreach around 9-10 million tons. The official also noted that the government stillhas rice stocks of around 13 million tons, of which around 7-8 million tons areof good quality and can be retained for domestic consumption and to maintainstate buffer stocks.Export quotes of benchmark Thai 100% B rice currently stand at around $365per ton compared to Viet 5% rice at around $375 per ton.

Thai Government Conducts First Rotten Rice Auction;

Two Local Firms Win Bid to Buy 37,413 Tons

Dec 01, 2015

Two private Thai firms won the bid to buy around 37,413 tons of stockpiledrotten rice worth 198 million baht (around $5.53 million) in the first auctionconducted by the government of Thailand today, according to local sources.The Commerce Ministry did not specify when the sale would be approved. "We'llhave to see how smoothly this auction goes and then we will see whether wewill hold the next one and when," said the Commerce Permanent Secretary.The government earlier told that it would sell about 2 million tons of rotten rice

from stockpiles, for industrial use, in quantities between 1,000 and 6,000 tons.Thailand holds about 13 million tons of rice stocks accumulated from theprevious government's rice pledging scheme, of which about 6 million tons are"below-standard or rotten" and are judged unfit for human consumption,according to a Commerce Ministry statement.The government of Thailand sold around 4.6 million tons of stockpiled riceraising around 49 billion baht (around $1.4 billion) in the ten auctionsconducted since it took over in May 2014.


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Vietnam, Pakistan Rice Sellers Alter Some of Their

Quotes Today; Other Asian Rice Quotes Remain

Unchanged

Dec 01, 2015

Vietnam rice sellers lowered their quotes for jasmine rice by about $10 per tonto around $435 - $445 per ton today. Pakistan rice sellers increased theirquotes for 5% and 25% broken rice varieties by about $5 per ton to around$320 - $330 per ton and $295 - $305 per ton respectively. Other Asian ricesellers kept their quotes unchanged from yesterday.

5% Broken Rice Thailand 5% rice is indicated at around $350 - $360 per ton about $20 per tondiscount on Vietnam 5% rice shown at around $370 - $380 per ton. India 5%rice is indicated at around $350 - $360 per ton, about $30 per ton premium onPakistan 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 perton discount on Vietnam 25% rice shown at around $355- $365 per ton. India25% rice is indicated at around $320 - $330 per ton, about $25 per tonpremium on Pakistan 25% rice shown at around $295 - $305 per ton.

Parboiled RiceThailand parboiled rice is indicated at around $345 - $350 per ton. Indiaparboiled rice is indicated at around $340 - $350 per ton, about $65 per tondiscount to Pakistan parboiled rice last shown at around $405 - $415 perton.

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% broken rice is shown at around $280 - $290 perton, on par with Pakistan broken sortexed rice shown at around $280 - $290

per ton.

Exclusive News have been shared with written permission of ORYZA.com with thanks

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1st December,2015 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine