9th April , 2014
Chinese COLOR SORTER as low as Pak Rs 22 Lakh Only A Time Limited Offer Contact: Cell: 0300 414 3493
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TOP Contents - Tailored for YOU NEWS DETAILS: Oryza U.S. Rough Rice Recap – Bids, Offers Remain Far Apart; USDA Says 15% of Crop Planted Apr 08, 2014
As of today, old crop offers continue to be found as low as $15.55 per cwt fob farm (about $343 per ton) for nearby shipment however most farmers are asking for $16.11 per cwt fob farm (about $355 per ton) or higher.Bids from larger mills held steady today near $15.35 per cwt (about $348 per ton) for April-May delivery while bids for exporters were unchanged near $15.40-$15.65 per cwt (about $340-$345 per ton), for the same delivery period, and there are still reports of smaller mills bidding between $16.00-$16.30 per cwt (about $353-$359 per ton) for prompt delivery. In the meantime, the USDA estimates that as of April 6, 15% of the US rice crop had been planted which is 1% less than this time last year and 4% less than the previous 5-year average. As of now, the USDA estimates that farmers have planted at 7% of their rice crop in Arkansas, 0% in California, 55% in Louisiana, 6% in Mississippi, 2% in Missouri, and 39% in Texas. Tags: U.S. rice prices, U.S. rice market
I Can't Believe It's Not Butter! Rice Bran Oil Product Healthier Alternative to Margarine Apr 08, 2014
Scientists with the U.S. Department of Agriculture (USDA) have developed an extract made from rice bran oil that can be used as a partial replacement for margarine, butter, or shortening. The product is somewhat similar to a nut butter but has a unique texture. It mostly contains unrefined rice bran oil and rice bran’s natural wax, in addition to small amounts of vitamin E, plant sterols, and gammaoryzanol. Foodies, take heed: the product apparently tastes good! Early experiments at the USDA’s Agricultural Research Service (ARS) National Center for Agricultural Utilization Research in Peoria, Illinois involved using the extract instead of a portion of the butter in standard recipes for granola and for white bread. Taste testers reported no negative effects in the taste or texture of either food.It gets better. The rice bran oil product has several advantages to traditional margarine or shortening. This product has no trans fats, those pesky things that contribute to heart disease. The product is also shelf-stable, resisting the oxidization that sometimes turns things off.
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The rice bran oil in the product isn’t the only healthy component. The plant sterols in it have piqued the interest of researchers for their potential health properties; some researchers believe they can lower cholesterol and reduce heart disease. The gamma-oryzanol is effective in lowering LDL (“bad”) cholesterol, and some say it helps with symptoms of menopause, too.Obviously, rice bran oil isn’t new, and even turning it into a butter-like product isn’t new. In fact, the team is even using the traditional solvent for extracting edible oils, acetone. However, the method the USDA’s team of scientists is using is unique because it uses a very low temperature that chills the acetone and unrefined rice bran oil while the compounds for the new extract are separated from the oil. This technique apparently gives the “butter” a smooth texture and unique composition.Currently, India is the largest producer of rice bran oil, with China in second. India produces about 820,000 tons of rice bran oil per year, and they are posed to increase that number. The Executive Director of the Solvent Extractors’ Association of India said in February that India has the potential to produce 1,400,000 tons of rice bran oil per year but is only producing 900,000 tons per year. According to the Economic Times, consumption of rice bran oil has increased 25-30% per year for the last three years. With representatives of the rice bran oil industry from China, India, Thailand, Japan, and Vietnam recently forming the International Council of Rice Bran Oil (ICRBO) to further promote the consumption of it, it seems likely that this new product will attract some attention.With that kind of potential, someone might want to take ARS up on their offer: ARS is seeking collaborators to explore possible applications of the extract while they seek a patent for the extraction procedure. They hope to partner up with interested parties to create healthier versions of our favorite foods – that still taste good and have that same, comfortable texture. The study is described in a scientific article published in the European Journal of Lipid Science and Technology. Tags: Rice bran oil, margarine, Research, USDA, plant sterols, cholesterol
Oryza Rice Currency Analysis for Today – Brazil Real Rallies 0.7% Apr 08, 2014
U.S. dollar index was down -0.61% from the open today, when it traded at 79.744 at the close. Euro was stronger +0.39% by the close, trading around 1.3794 by end of day, after trading between an intraday high of 1.3812 and low of 1.3737. Thai baht was stronger +0.60%, trading at 32.266 at the close of business. Indian rupee was unchanged at 60.1250. Brazilian real was stronger +0.73% at the close of trading today, trading at 2.2031 reais per dollar. Pakistan rupee was +0.14% stronger at 98.0975. Vietnamese dong was unchanged at 21095.
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Mexican peso was weaker -0.33% today, when it traded at 13.0515 pesos per dollar by the close of business. Chinese yuan was stronger +0.27%, trading at 6.1967. Argentine peso was weaker -0.01% at 8.0023 pesos per dollar. Tags: foreign exchange rates
Oryza Global Rice Quotes April 8th, 2014 Long grain white rice - high quality Thailand 100% B grade 395-405 Vietnam 5% broken 380-390 India 5% broken 425-435 Pakistan 5% broken 405-415 Cambodia 5% broken 450-460 U.S. 4% broken 580-590 ↔ Uruguay 5% broken 620-630 Argentina 5% broken 615-625 Long grain white rice - low quality Thailand 25% broken 345-355 Vietnam 25% broken 350-360 Pakistan 25% broken 365-375 Cambodia 25% broken 420-430 India 25% broken 370-380 U.S. 15% broken 555-565
↔ ↔ ↔ ↔ ↔ ↔ ↔ ↔ ↔ ↔ ↔ ↔ ↔
Long grain parboiled rice Thailand parboiled 100% stxd 415-425 ↔ Pakistan parboiled 5% broken stxd 420-430 India parboiled 5% broken stxd 410-420 ↔ U.S. parboiled 4% broken 660-670 ↔ Brazil parboiled 5% broken 590-600 ↔ Uruguay parboiled 5% broken NQ ↔ Long grain fragrant rice Thailand Hommali 92% 940-950 ↔ Vietnam Jasmine 485-495 ↔ India basmati 2% broken 1515 -1525 Pakistan basmati 2% broken NQ ↔ Cambodia Phka Malis 885-895 ↔ Brokens Thailand A1 Super
300-310
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Vietnam 100% broken 330-340 ↑ Pakistan 100% broken stxd 340-350 Cambodia A1 Super 350-360 ↔ India 100% Broken stxd 305-315 ↔ Egypt medium grain brokens NQ ↔ U.S. pet food 470-480 ↔ Brazil half grain 345-355 ↔ Medium grain milled U.S. Calrose 4% broken 1070-1080 Egypt medium grain 6% NQ ↔
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↔ All prices USD per ton, FOB vessel, oryza.com
EU-28 Rice Production Forecast to Decline in MY 2014-15 Apr 08, 2014
The USDA Post says that rice production in EU-28 is expected to decline in MY2014-15 (September – August) to around 1.9 million tons (basis milled), down about 1% from USDA official estimates of around 1.93 million
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tons, and down about 9% from an estimated 2.08 million tons produced in the previous year.Rice production is likely to be affected by lower acreage in MY 2014-15. The Post says that rice acreage in the EU is expected to decline to around 425,000 hectares in MY 2014-15, down about 3% from USDA official estimates of around 440,000 hectares and down about 6% from an estimated 454,000 hectares in the previous year.EU-28 rice consumption in MY 2014-15 is expected to reach around 3.2 million tons, down about 6% from an estimated 3.4 million tons in the previous year. However, imports are expected to increase to around 1.4 million tons in MY 2014-15, up about 4% from an estimated 1.35 million tons in the previous year.Rice exports by the EU-28 are estimated at around 185,000 tons in MY 2014-15. Ending rice stocks in MY 2014-15 in EU-28 are expected to increase to around one million tons, up about 13% from an estimated 884,000 tons in the previous year. Tags: EU rice production, EU rice imports, EU rice exports, EU-28, EU rice consumption
Australia Rice Industry Seeks Access to China’s 4 Million Ton Rice Import Market
Ricegrowers’ Association (RGA) of Australia says it is “extremely disappointed” at the exclusion of rice from the Japan trade agreement and the Free Trade Agreement (FTA) with South Korea, and has requested the government to ensure access to the growing rice import market in China.Australia’s access to the Chinese rice import market could more than compensate for loss of the South Korean and Japanese markets as Australia
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exports around 500,000 tons of rice annually which is about 12.5% of total annual rice imports by China, the world’s largest rice importer. China is expected to import around 4 million tons of rice in 2014-15 (up about 14% from the previous year), but the rice import ceiling fixed by the Chinese government is higher at 5.32 million tons for 2014. Unlike Japan and South Korea (where rice consumption is declining), China does not seek to restrict rice imports to protect local rice farmers because of growing rice consumption in the country. However, China usually imports rice based on global prices and sometimes based on political considerations. In the last two years, China has bought most of its rice from Vietnam, Pakistan and Thailand, mostly due to low prices.The RGA says it wants to sell high quality rice to a niche segment in China but adds that China does not buy any rice from Australia due to pending phyto-sanitary protocols. The RGA President says, “Australian rice technically already has access to the Chinese market under World Trade Organization rules but we have been waiting for protocols to be finalized for more than 6 years to actually gain access. This should now be completed as a matter of urgency.” However, it remains to be seen whether the Australian government will take note of RGA’s request. The RGA president says, “Last night’s announcement that the Government has signed an agreement with Japan which excludes rice is particularly disappointing. Even more disappointing is that the Australian Government seems unable or unwilling to even acknowledge rice in any statements about the agreement.” Tags: Australia rice exports, China rice imports, Ricegrowers’ Association (RGA), Japan Trade Agreement,
Brazil Paddy Rice Index Increases 2% in Last Week The Brazilian paddy rice index maintained by CEPEA stood at around 34.7 real per 50 kilograms as of April 7, 2014, up about 2% from around 33.98 real per 50 kilograms recorded a week earlier on March 31, 2014.In terms of USD per ton, the index stood at around $309 per ton on April 7, 2014, up about 3% from around $301 per ton seen on March 31, 2014. Tags: Brazil paddy rice index cepea
USDA Post Projects Taiwan MY 2013-14 Rice Imports at 136,000 Tons; Up 8% from CSQ Limit of 126,000 Tons Apr 08, 2014
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The USDA Post says that Taiwan is likely to import about 136,000 tons of rice in MY 2013-14 (January 2014 December 2014), about 8% over its CSQ limit of 126,000 tons under WTO rules. Data from Taiwan’s Council of Agriculture (COA) shows that rice production was 9% lower than the targeted 1.23 million tons in MY 201213.The USDA Post says that Taiwan rice production is expected to increase to about 1.13 million tons in MY 2013-14, up about 1% from an estimated 1.12 million tons produced in MY 2012-13. However, the MY 201314 rice production estimate is lower than Taiwan’s Council of Agriculture’s (COA) estimate of 1.16 million tons. According to the Post, rice production in MY 2014-15 is expected to be at 1.13 million tons. The planted area is estimated at 260,000 hectares in both MY 2013-14 and MY 2014-15, down about 3% from an estimated 269,000 hectares in MY 2012-13.The Post has retained its estimates for Taiwan rice consumption at MY 201213 level of 1.28 million tons in MY 2013-14 and MY 2014-15 due to slower growth in population. The annual per capita rice consumption has also declined to around 45 kilograms per person in 2011 due to dietary shifts to low-priced wheat products. The Post reports that the COA is planning to increase annual per capital rice consumption to 51 kg by the end of 2014 and reduce dependency on wheat imports (Taiwan’s wheat production is negligible).In MY 2012-13, Taiwan imported 110,000 tons of milled rice from the U.S., Vietnam, Thailand, Australia, Cambodia, Egypt and Myanmar. The USDA Post estimates Taiwan's imports in MY 2014-15 at 126,000 tons under CSQ allocations. Of this, the U.S. CSQ allocation is 56,000 tons. Under WTO rules, Taiwan has an import quota of 144,720 tons of brown rice (about 126,000 tons, basis milled) for MY 2013-14, of which 35% (50,652 tons) is allotted to private sector and the remaining 65% (94,068 tons) is meant for public sector imports.The Post estimates Taiwan's exports in MY 2014-15 to remain at MY2013-14 level of 11,000 tons. It reports that Taiwan exported
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11,000 tons in 2013, of which 8,000 was dedicated to humanitarian food aid. The average export freight on board sale price was $1,978 per ton for milled rice and $2,784 per ton for brown rice. Taiwan usually exports only top premium rice. Tags: Taiwan rice production, Taiwan rice consumption, Taiwan rice imports, Taiwan rice exports
Australia Paddy Rice Production Forecast to Decline 29% to 907,000 Tons in MY 2013-14 Apr 08, 2014
The USDA Post says that Australia’s paddy rice production is likely to decline to around 907,000 tons (653,000 tons, basis milled) in MY 2013-14 (March 2014 – February 2015), down about 22% from around 1.17 million tons produced in the previous year mainly due to lower yields.The Post says that average rice yield in Australia stood at above average levels of around 10.23 tons per hectare in MY 2012-13, but it is likely to return to average yields of 8.98 tons per hectare in MY 2013-14. The Post estimates paddy rice production to further decline to 900,000 tons (648,000 tons, basis milled) in MY 2014-15 due to decline in rice area.The Post says that rice area in MY 2013-14 is likely to decline to around 101,000 hectares, down about 11% from around
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114,000 hectares in the previous year and further decline to 100,000 hectares in MY 2014-15 due to lack of winter rainfall across rice production areas and persistent water shortages in irrigation areas. The Post estimates Australia's milled rice imports to increase to 150,000 tons in MY 2013-14, up 7% from 140,000 tons in MY 2012-13. It estimates imports to remain at MY 2013-14 levels in MY 2014-15 as well. The Post expects Australia's MY 2013-14 milled rice exports to remain at MY 2012-13 level of 500,000 tons, but decline to 450,000 tons in MY 2014-15 due to decline in both production and consumption.The Post estimates consumption in MY 2013-14 to decline to 350,000 tons, down 12.5% from an estimated 400,000 tons in MY 2012-13, and further decline to 300,000 tons in MY 2014-15. Tags: Australia rice production, Australia rice consumption, Australia rice imports, Australia rice exports,
Oryza Overnight Recap – Chicago Rough Rice Futures Seen a touch Higher Following Yesterday’s Sell-off Apr 08, 2014
Chicago rough rice futures for May delivery are currently paused 2.5 cents per cwt (about $1 per ton) higher overnight at $15.615 per cwt (about $344 per ton) as of 8:00am Chicago time. The other grains are seen mixed this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.2% higher, wheat was paused about 0.3% lower, and corn is noted about 0.4% lower.U.S. stock index futures tilted higher on Tuesday following a three-session decline that had the S&P 500 erasing 2014 gains, as Wall Street looked to the start of first-quarter earnings reports. Global markets have been plagued by a loss of momentum over the last three days, led by high-profile U.S. technology stocks. On Wall Street on Monday, the Nasdaq fell 1.2%, in the technology-heavy index's biggest three-session drop since November 2011, while the Dow and S&P 500 posted their worst three-day losing streaks on Monday since Jan. 27, 2014. U.S. stock index futures are currently trading about 0.1% higher, gold is currently trading about 1.1% higher, crude oil is seen trading about 0.8% higher, and the U.S. dollar is currently trading about 0.5% lower at 8:00am Chicago time. Tags: chicago rough rice futures, Wall Street, Nasdaq, U.S. stock index futures
China Rice Imports Likely to Reach 4 Million Tons in MY 2014-15, Says USDA Post Apr 08, 2014
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The Post
USDA in Beijing estimates China rice imports to increase to around 4 million tons in MY 201415 (July June), up about 14% from an estimated 3.5 million tons in MY 201314 mainly due to continued high domestic prices.The Post says that government support prices are keeping domestic rice prices high in China when compared to neighboring countries such as Thailand, Vietnam and Pakistan. China usually increases its purchases of rice when global prices are low, as is the case this year due to low Thailand rice prices. Moreover, rice consumption in the country is growing faster than the production growth rate due to population growth and an increase in industrial consumption.According to the Post, China's rice production is likely to increase to around 143 million tons (basis milled) in MY 2014-15, up about 0.5% from an estimated 142.3 million tons in MY 201314. However, China's rice consumption is projected to increase to around 148 million tons in MY 2014-15, up about 1% from an estimated 146 million tons consumed in the previous year. The Post says that higher imports will help China maintain 45 million tons of rice stocks in MY 2014-15.
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The Post says that the government continues to support farmers, and under the government's price support program, the minimum purchase price of early Indica paddy rice is expected to increase to 2,700 RMB (around $437) per ton in MY 2014-15, up about 2% from 2,640 RMB (around $427) per ton in MY 2013-14. The minimum purchase price of unmilled Japonica rice is expected to increase to 3,100 RMB (around $502) per ton in MY 2014-15, up about 3% from 3,000 RMB (around $486) per ton in MY 2013-14.The Chinese government plans to auction the rice purchased from farmers later in the market year. The Post says that japonica rice purchases under the government procurement program totaled 10 million tons in MY 2013-14. The government is offering a subsidy of 140 RMB (around $23) per ton for buyers in southern coastal provinces to purchase rice from the northeast.The Chinese government maintains fixed Tariff Rate Quotas (TRQs) for rice imports, but also allocates additional quotas if needed. Quota allocations are divided equally (50% each) between private and government enterprises. The tariff rate for imports within the TRQ is 1% and 65% for imports outside the TRQ. Tags: China rice imports, China rice production, China rice consumption, China rice support prices, China rice TRQ
Vietnam Rice Sellers Increase Some of Their Quotes; Other Asia rice Quotes Unchanged Today Apr 08, 2014
Vietnam rice sellers increased their quotes for 100% broken rice by about $5 per ton to about $330 - $340 per ton today. Other Asia rice sellers kept their quotes mostly unchanged. 5% Broken Rice Thai 5% rice (of new crop) is quoted around $380 - $390 per ton, on par with Viet 5% rice shown around $380 $390 per ton. Indian 5% rice is quoted around $425 - $435 per ton, about a $20 per ton premium over Pak 5% rice quoted around $405 - $415 per ton. 25% Broken Rice Thai 25% rice of the old crop is quoted about $345 - $355 per ton, about a $5 per ton discount to Viet 25% rice shown around $350 - $360 per ton. Indian 25% rice is quoted around $370 - $380 per ton, about a $5 per ton premium over Pak 25% rice quoted around $365 - $375 per ton. Parboiled Rice Thai parboiled rice of the old crop is quoted around $415 - $425 per ton. Indian parboiled rice is quoted around $410 - $420 per ton, about $10 per ton discount to Pak parboiled rice last quoted around $420 - $430 per ton. 100% Broken Rice Thai broken rice, A1 Super, of the old crop is quoted around $300 - $310 per ton, about a $30 per ton discount to Viet broken rice shown around $330 - $340 per ton, up about $5 per ton from yesterday. Indian broken sortexed rice is quoted around $305 - $315 per ton, about a $35 per ton discount to Pak broken sortexed rice quoted around $340 - $350 per ton. Tags: Asia rice quotes, Thailand rice quotes, Pakistan rice quotes, India rice quotes, Vietnam rice quotes
FAO Rice Price Index Increases Slightly in March 2014
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Apr 08, 2014
The FAO All Rice Price Index increased by about 0.4% in March 2014 to 238 points, one point more than 237 points in February 2014.The FAO says the increase is marginal because slightly stronger quotations of subindices Japonica, lower quality Indica and aromatic rice were compensated by a pronounced fall in the price of the higher quality Indica. The high quality Indica sub-index declined to 207 points in the month, down about 2% from 212 points in February 2014.The FAO adds that export prices in Asia are under downward pressure due to the suspension of the off-season round of the 2013-14 paddy pledging scheme and heavy rice sales by the Thailand government. The benchmark Thai white 100%B declined by around 8% to $430 per ton in March 2014, its lowest level since January 2008.Vietnam and India rice export prices also declined due to competition from Thailand, but Pakistan prices were firm due to a stronger Pakistani rupee against the USD. Prices in the Americas also remained firm due to relatively tight supplies and due to recent tender awards by Iraq to Argentina and Uruguay, and by Japan to the U.S.According to the FAO, the All Rice Price Index averaged 234 points during January - March 2014, down about 1% from about 237 points recorded in the same period last year. Lower quality Indica prices declined by more than 17% and the higher quality Indica prices declined by 8%, but Japonica prices increased by 13% during the period, compared to the prices during January - March 2013. Tags: FAO Rice Price Index, Rice Prices, Thai rice prices, Food and Agriculture Organization (FAO)
Philippines March 2014 Rice Stocks Stand at 1.78 Million Tons in, Down 8% from Last Year 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
Total rice stocks in the Philippines stood at about 1.78 million tons as of March 1, 2014, which is down about 8% from about 1.94 million tons recorded during the same time last year, according to the Bureau of Agricultural Statistics (BAS).Rice stocks with the National Food Authority or NFA, including about 78% imported rice, stood at about 460,000 tons, down about 20% from last year, and the lowest level in the last five years for this time of the year. NFA rice stocks account for around 26% of total rice stocks in the Philippines as of March 1, 2014.
Rice stocks in commercial warehouses (which account for around 21% of total rice stocks) have also declined to around 380,000 tons on March 1, 2014, down about 26% from last year. However, rice in household stocks (which account for around 53% of total rice stocks) stood at about 950,000 tons on March 1, 2014, up about 12% from about 850,000 tons seen during the same time last year, according to the BAS.Month-onmonth, overall rice stocks in the Philippines have declined about 11% from about 2 million tons recorded in February 2014. Household rice stocks are down about 11%, commercial warehouse rice stocks are down about 21% from the previous month levels. However, NFA rice stocks are up about 0.2% in March 2014 from last month, according to the BAS. Total rice stocks in the Philippines as of March 1, 2014 are enough to last for 53 days (including household stocks for 28 days, commercial warehouses stocks for 11 days, and NFA stocks for 14 days), BAS says. Tags: Philippines rice stocks, Bureau of Agricultural Statistics (BAS), Philippines rice imports, National Food Authority or NFA
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India Rice Stocks in Central Pool Stand at 30.25 Million Tons; Down 15% from Last Year India’s rice stocks in the central pool as of April 1, 2014 stand at around 30.25 million tons (including a milled equivalent of around 15.3 million tons of paddy), which is down about 15% from about 35.5 million tons recorded during the same time last year, according to data from the Food Corporation of India (FCI).Month-overmonth, India's rice stocks in the central pool are down by about 3% from about 31.3 million tons recorded on March 1, 2014. However, current rice stocks are still more than double the required buffer and strategic reserve norms of around 14.2 million tons for this time of the year, according to the FCI. Government rice stocks are low compared to last year due to slower procurement by government agencies due to higher domestic prices.Total food grain stocks (including rice and wheat) in the central pool stand at around 49.2 million tons as of April 1, 2014, down about 18% from last year's stock and down about 7.5% from last month. Wheat stocks stand at about 17.8 million tons, down about 26% from last year and down about 14% from a month ago. Tags: India rice stocks, India food grain stocks, Food Corporation of India (FCI)
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