Page 1

3rd June, 2014

Chinese COLOR SORTER as low as Pak Rs 22 Lakh Only A Time Limited Offer Contact: Cell: 0300 414 3493

Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874


Share developments in RICE and allied sectors, Promote the Concept of Knowledge Economy Dear Sir/Madam,

YOUR IDEA has a great worth---JUST share it through RICE PLUS 10000+ stakeholders of rice industry read & apply various ideas and analysis written by the authors.

Be the part of Rice plus authors Visit: www.ricepluss.com,www.publishpk.net mujahid.riceplus@gmail.com riceplus@irp.edu.pk

Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874


TOP Contents - Tailored for YOU Latest News Headlines‌

o o o o o o o o

FAO Estimates Bhutan Rice Imports to Decline to 58,000 Tons in MY 2013-14, Down 9% from Last Year FAO Estimates South Korea 2014 Paddy Rice Production to Increase Slightly to 5.74 Million Tons Oryza Global Rice Quotes Myanmar Promotes Parboiled Rice for Local Consumption Vietnam to Discuss Change in Delivery Dates with Philippines FAO Estimates Nepal Rice Production to Decline to 4.8 Million Tons in 2014; Down 5% from Last Year Thailand, India, Pakistan Rice Sellers Increase Some of Their Quotes; Other Asia Rice Quotes Remain Unchanged Rice production at Dreketi mill

New Detail‌ FAO Estimates Bhutan Rice Imports to Decline to 58,000 Tons in MY 2013-14, Down 9% from Last Year Jun 03, 2014

The UN's Food and Agriculture Organization has estimated Bhutan's rice imports to decline to 58,000 tons in MY 2013-14 (July 2013 - June 2014), down about 9% from about 64,000 tons produced in MY 2012-13, due to increased production in 2013 and 2014.In its country brief on Bhutan, the FAO has estimated 2014 paddy rice production to increase to 90,000 tons, up about 2% from about 88,000 tons produced in 2013 due to an estimated increase in planted area for paddy.The planting for 2014 rice crop has started in early May and will continue till August. Tags: Bhutan Rice Production, Bhutan Rice Imports

FAO Estimates South Korea 2014 Paddy Rice Production to Increase Slightly to 5.74 Million Tons Jun 03, 2014

Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874


The UN's Food and Agriculture Organization (FAO) has estimated South Korea's 2014 paddy rice production to slightly increase to about 5.74 million tons over 5.72 million tons produced in 2013 assuming normal weather and about average yields.The planting for the 2014 rice crop has just started and will continue till the end of June 2014. The paddy rice acreage in country has been declining since 2000 as farmers have been shifting to more profitable crops, according to the FAO. The UN agency estimates South Korea's rice imports for MY 2013-14 (October 2013 - September 2014) at 450,000 tons. According to the USDA, South Korea’s rice imports in MY 2013-14 (November 2013 - October 2014) are estimated at around 410,000 tons, down about 20% from 510,000 tons imported in MY 2012-13. Milled rice production in 2013-14 is expected to reach around 4.2 million tons of rice in MY 2013-14 (around 5.6 million tons, basis paddy), up 6% from 4 million tons in MY 2012-13 (around 5.4 million tons, basis paddy) . It estimates South Korea to produce 4.15 million tons of milled rice (around 5.53 million tons, basis paddy) and import around 410,000 tons in MY 2014-15. Tags: South Korea rice production, South Korea rice imports

Oryza Global Rice Quotes June 2nd, 2014 Long grain white rice - high quality Thailand 100% B grade 390-400

Vietnam 5% broken

400-410

India 5% broken

435-445

Pakistan 5% broken

445-455

Cambodia 5% broken

435-445

U.S. 4% broken 580-590

Uruguay 5% broken

625-635

Argentina 5% broken

620-630

Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874


Long grain white rice - low quality Thailand 25% broken

345-355

Vietnam 25% broken

360-370

Pakistan 25% broken

395-405

Cambodia 25% broken 405-415

India 25% broken

390-400

U.S. 15% broken

555-565

Long grain parboiled rice Thailand parboiled 100% stxd

415-425

Pakistan parboiled 5% broken stxd

435-445

India parboiled 5% broken stxd 405-415

U.S. parboiled 4% broken

660-670

Brazil parboiled 5% broken

NQ

Uruguay parboiled 5% broken

NQ

Long grain fragrant rice Thailand Hommali 92% 945-955

Vietnam Jasmine

525-535

India basmati 2% broken

NQ

Pakistan basmati 2% broken

NQ

Cambodia Phka Malis

860-870

Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874


Brokens Thailand A1 Super

308-318

Vietnam 100% broken

335-345

Pakistan 100% broken stxd

325-335

350-360

India 100% Broken stxd 310-320

Egypt medium grain brokens

NQ

U.S. pet food

Cambodia A1 Super

470-480

Brazil half grain

NQ

Medium grain milled U.S. Calrose 4% broken 1070-1080 Egypt medium grain 6% NQ

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

Myanmar Promotes Parboiled Rice for Local Consumption Jun 02, 2014

Myanmar is planning to replace white rice with parboiled rice for local consumption citing health and cost benefits of parboiled rice over white rice, according to local sources.The Ministry of Health and Myanmar Rice Millers Association (MRMA) have jointly started a campaign to promote the use of parboiled rice. The Secretary of MRMA noted that parboiled rice is more nutritious and contains vitamin C, adding that it is 15% cheaper than white rice. He says since parboiled rice is produced by steaming and drying before being crushed, it yields full nutrition unlike white rice, which has more broken rice content. Also, vitamin B1 content in white rice is reduced when rinsed, but not in parboiled rice, he adds.Already foreign demand for Myanmar's parboiled rice is increasing. According to the Myanmar Rice Industry Association (MRIA), Myanmar's

Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874


parboiled rice exports are likely to surge to 300,000 tons in the fiscal year 2014-15 (April - March), up almost nine times from a mere 30,000 tons in 2013-14. The government is keen on increasing market for parboiled rice locally as well.The government is increasing the capacity of parboiled rice in the country to 300,000 tons per annum, according to a Board Director of Myanmar Agribusiness Public Corporation (MAPC). He noted that the government has completed 90% of new parboiled mills' construction and expects to make them ready before the monsoon harvest. He noted that ten imported steam-rice machines from Japan, which can produce up to 1,800 tons of parboiled rice per day with proper electric supply, are being installed in these mills, adding that parboiled rice mills with smaller capacities of 50-ton and 100-ton per day are also being constructed. Myanmar's total rice exports in FY 2013-14 declined about 29% to one million tons from previous year because of reduced demand in China and political turmoil in Thailand, according to the MRIA Chairman. He however expects Myanmar to export up to 1.5 million tons of rice in FY 2014-15. USDA estimates Myanmar to produce 12.15 million tons rice in MY 2014-15 (January - December) and export 1.3 million tons in 2014. Tags: myanmar rice exports, parboiled rice

Vietnam to Discuss Change in Delivery Dates with Philippines Jun 02, 2014

Vietnam's state-owned export companies Northern Food Corporation (Vinafood 1) and Southern Food Corporation (Vinafood 2), which have contracts to combinedly supply 800,000 tons of rice to the Philippines (200,000 tons in each month) between May and August 2104, are planning to renegotiate a change in delivery dates with the National Food Authority (NFA) of the Philippines as most of the private rice exporters are reluctant to supply rice to join the Philippines rice export program, according to local sources. While VINAFOOD I has to supply 200,000 tons of rice, with 50,000 tons in each month between May and August at $439 per ton, VINAFOOD II has to supply 600,000 tons of rice, with 150,000 tons in each of the four months at $436.5 per ton, $437.75 per ton and $439.25 per ton of rice for three lots of 50,000 tons. Both the two state-owned export enterprises are finding it difficult to collect the requisite amount of rice to be shipped to the Philippines. Many exporters are opposing the Philippines contract saying the prices are too low to cover their expenses and the contract is attached with too many conditions. Local sources say the exporters would be fined to the extent of $3 per ton for every 1% of excessive broken rice and $30 per ton for more than 10%, adding that other fines have been specified for lapses and other wrong-doings. However, experts view that persuading the NFA over changing delivery dates is not an easy task. They are criticizing the VFA as well as VINAFOOD I and II for making a strategic mistake without analyzing the internal situation correctly. They say exporters are now waiting for the NFA's decision before signing new contracts.Meanwhile, domestic rice prices in Vietnam are continuing to dip as supplies from the summer-

Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874


autumn crop have increased in the Mekong River Delta, which accounts to more than 50% of Vietnam's rice production and more than 45% of Vietnam's rice exports. While most of the exporters bought paddy at VND 6.6 million (around $311) per ton two weeks back, prices fell to about VND 4.2 million ($198) per ton last week and to about VND 4 million ($189) per ton this week. Fluctuating prices are causing more worries to exporters, who feel have lost several dong in last two weeks. Farmers are equally worried of not being able to cover their production costs. The government’s one million-ton stock procurement program has hardly helped to provide support to falling prices.Vietnam exported about 2.061 million tons of rice during Jan 1 - May 22, 2014, down about 26% from about 2.8 million tons of rice exported during Jan-May, 2013, according to data from the Vietnam Food Association (VFA). Average rice export price so far in this year stands at about $436 per ton (FOB), down about 1% From about $439 per ton recorded during Jan- May, 2013. Tags: Vietnam rice exports, Vietnam Food Association

FAO Estimates Nepal Rice Production to Decline to 4.8 Million Tons in 2014; Down 5% from Last Year Jun 02, 2014

The UN's Food and Agriculture Organization (FAO) has estimated Nepal's paddy rice production to decline to 4.8 million tons (around 3.2 million tons, basis milled) in 2014, down about 5% from about 5 million tons (around 3.35 million tons, basis milled) produced in 2013, due to a decline in yields.The FAO reports that planting of the 2014 rice crop has just started and will continue till August. It estimates Nepal's rice imports will slightly increase to 450,000 in the 2013-14 marketing year (July 2013- June 2014) due to increased demand. The UN agency reports that retail prices of rice declined in March due to low export prices in India, the country's main supplier. Retail prices in Nepal declined to about Rs.41,000 (around $428) per ton in March 2014, down about 2% from about Rs.42,000 (around $438) per ton in February 2014. USDA estimates Nepal will produce 3.1 million tons of rice, basis milled (around 4.6 million tons, basis paddy) and import 350,000 tons in MY 2014-15 (January 2014 December 2014). Tags: Nepal rice production, Nepal rice imports

Thailand, India, Pakistan Rice Sellers Increase Some of Their Quotes; Other Asia Rice Quotes Remain Unchanged

Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874


Jun 02, 2014

Thailand rice sellers increased their quotes for Thai A1 Super quality rice by $3 per ton to $308-$318 per ton and Thai Hommali rice by $5 per ton to $945-$955 per ton. India rice sellers increased their quotes for 5% broken rice variety by $10 per ton to $435 - $445 per ton and 25% broken rice variety by $5 per ton to $390 $400 per ton, and long-grain parboiled 5% broken sortexed rice variety by $5 per ton to $405 - $415 per ton. Pakistan rice sellers decreased their quotes for 5% broken rice variety by $10 per ton to $445 - $455 per ton and increased their quotes for 25% broken rice variety by $10 per ton to $395 - $405 per ton. 5% Broken Rice Thai 5% rice (of new crop) is quoted around $375 - $385 per ton, up about $5 per ton from yesterday and about $25 per ton lower than Viet 5% rice shown around $400 - $410 per ton. Indian 5% rice is quoted around $435 $445 per ton, about $10 per ton lower than Pak 5% rice quoted around $445 - $455 per ton. 25% Broken Rice Thai 25% rice of the old crop is quoted about $345 - $355 per ton, up about $5 per ton from yesterday and about $15 per ton lower than Viet 25% rice shown around $360 - $370 per ton. Indian 25% rice is quoted around $390 - $400 per ton, $5 lower than Pak 25% quoted at around $395 - $405 per ton. Parboiled Rice Thai parboiled rice of the old crop is quoted around $415 - $425 per ton. Indian parboiled rice is quoted around $405 - $415 per ton, about $30 per ton lower than Pak parboiled rice quoted around $435 - $445 per ton. 100% Broken Rice Thai broken rice, A1 Super, of the old crop is quoted around $308 - $318 per ton, about a $30 per ton discount to Viet broken rice shown around $335 - $345 per ton. Indian broken sortexed rice is quoted around $310 $320 per ton, about a $15 per ton lower than Pak broken sortexed rice quoted around $325 - $335 per ton. Tags: Thailand rice prices, India rice prices, pakistan rice prices

Rice production at Dreketi mill By LUKE RAWALAI Tuesday, June 03, 2014 Update: 4:14PM THE Rewa Rice Mill in Dreketi, Macuata, on Vanua Levu produced 608 tonnes of paddy last year, 68 per cent of which was rice.Mill manager Ashrit Pratap said: Our cost of rice landing cost in Fiji is $1.11 a kilogram and the cost for imported rice depends upon the variety.The cheapest one in the supermarkets is $1.09 or $1.10, therefore, the landing cost must be $1 but we currently do not have the exact cost because we dont import rice.

Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874

3rd june,2014 daily exclusive oryza e newsletter by riceplus magazine  

Daily Rice Global Rice e-Newsletter shared by Riceplus Magazine Riceplus Magazine shares daily International RICE News for global Rice Co...

Read more
Read more
Similar to
Popular now
Just for you