3rd december,2015 daily exclusive oryza rice e-newsletter by riceplus magazine

8/20/2019 3rd December,2015 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

http://slidepdf.com/reader/full/3rd-december2015-daily-exclusive-oryza-rice-e-newsletter-by-riceplus-magazine 1/7

Daily Exclusive ORYZA Rice E-Newsletter

1

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

December 03,2015

Vol 5,Issue




2

China to Sign Deal to Purchase One Million

Tons of White and Jasmine Rice from

ThailandDec 02, 2015

China and Thailand will reportedly sign deals to purchase one million tons of white and jasminerice, and 200,000 tons of rubber from Thailand, according to local sources. China will alsoreportedly sign a Memorandum of Understanding (MoU) with Thailand to build a 900-kilometerrailway line from the Thai-Lao border to Bangkok.

The Thai Commerce Minister told reporters that rice and rubber deals would be signed onDecember 3 or 4. She noted that the sales would be based on the current market prices, and the

deliveries are expected to finish by the end of next year.

The two sides are reportedly working out the details of the cost of the proposed railway projectand the loan details. China has estimated the project cost at around 468 billion (around $13 billion) and has offered to finance the project at 2.5% interest. However, Thailand is understoodto be estimating the project cost at around 369 billion (around $10.32 billion) and is seeking aloan at 2% interest.

Argentina Rice Exports More Than Double

in First Eight Months of 2015Dec 02, 2015

Argentina has exported around 899,299 tons of rice in the first eight months of 2015 (January -August), over twice more from around 431,897 tons exported during the same period in 2014,according to data from the Ministry of Agriculture in Argentina.

In August 2015, Argentina exported around 325,001 tons of rice, up about 2.3 times from around141,730 tons exported in July 2015 and 12 times more from around 26,849 tons exported inAugust 2014.

Argentina exported around 91,500 tons of rice to Iraq (about 28% of total August 2015 exports),around 59,497 tons of rice to Chile (about 18% of August 2015 exports), around 54,967 tons ofrice to Brazil (about 17% of August 2015 exports), around 58,133 tons of rice to Cuba (about18% of August 2015 exports), around 22,840 tons of rice to Bolivia (about 7% of August 2015exports) and around 15,906 tons of rice to Senegal (about 5% of August 2015 exports) in August2015.




3

It exported the remaining 7% or around 22,750 tons of rice to Belgium (2,125 tons), Canada(2,711 tons), Denmark (556 tons), the U.S. (3,931 tons), Israel (368 tons), Nicaragua (1,820tons), Paraguay (248 tons), Algeria (3,997 tons), Costa Rica (4,200 tons), Honduras (650 tons),Italy (323 tons), New Zealand (58 tons), Netherlands (130 tons), U.K. (90 tons), Germany (185tons), Peru (625 tons) and Ukraine (40 tons) during the month.

Asian Rice Quotes Remain Unchanged Today

Dec 02, 2015

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 onVietnam 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 on Pakistan 5% rice shown at around $320 - $330 perton.




4

25% Broken Rice

Thailand 25% rice is indicated at around $335 - $345 per ton, about $20 per ton discount onVietnam 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 isindicated at around $340 - $350 per ton, about $65 per ton discount to Pakistan parboiled ricelast 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% broken rice is shown at around $280 - $290 per ton, on par with Pakistan broken sortexed riceshown at around $280 - $290 per ton.

Oryza CBOT Rough Rice Futures Recap -

Chicago Rough Rice Futures Tumble to

Multi-Month Low as Demand Remains Slack

and as Crude Exerts Bearish Pressure on USGrains

Dec 03, 2015

Chicago rough rice futures for Jan delivery settled 32 cents per cwt (about $7 per ton) lower at$11.395 per cwt (about $251 per ton). The other grains finished the day with mixed results;Soybeans closed about 0.3% higher at $8.9225 per bushel; wheat finished about 0.9% lower at$4.6725 per bushel, and corn finished the day about 0.9% lower at $3.7025 per bushel.

U.S. stocks traded in a range Wednesday after a solid day of gains as investors eyed data and aspeech by Fed Chair Janet Yellen. Stocks continued to trade mixed, while the U.S. dollar indexspiked to hit its highest level since April 2003 after Yellen said in prepared remarks that the U.S.economy has come a long way, but the Fed's decision on rates could still be swayed by data before its December meeting. The Fed's beige book on the economy is due at 2 p.m. The U.S.dollar index traded near 100.1 after earlier touching a high of 100.51, topping the 100.39 highfrom March to briefly trade at levels not seen in more than 12 years.




5

The euro remained below $1.06, while the yen traded near 123.59 yen against the dollar as of12:41 p.m. The Federal Open Market Committee meets Dec. 15 to 16 and could raise short-terminterest rates for the first time in nearly a decade. Investors are also looking ahead to theEuropean Central Bank's decision on monetary policy due Thursday morning ET.

Ahead of Friday's November jobs report, ADP data showed November private payrolls toppedexpectations at 217,000. Revised third-quarter productivity rose 2.2%, while unit labor costs rose1.8%.In afternoon trade, the Dow Jones industrial average declined 44 points, or 0.25%, to17,843. The S&P 500 traded down 8 points, or 0.4%, to 2,094, with energy leading nine sectorslower and information technology the only advancer. The Nasdaq composite traded up 6 points,or 0.12%, to 5,162. Gold is seen trading about 0.9% lower, crude oil is seen trading about 4.2%lower, and the U.S. dollar is seen trading about 0.3% higher at about 1:00pm Chicago time.

Tuesday, there were 1,591 contracts traded, down from 2,450 contracts traded on Monday. Open

interest – the number of contracts outstanding – on Tuesday increased by 311 contracts to

12,980.

South Korea Seeks to Buy 55,555 Tons of U.S.

Brown Rice in Tenders

Dec 02, 2015

South Korea Seeks to Buy 55,555 Tons of U.S. Brown Rice in Tenders

South Korea's state run Agro Fisheries & Food Trade Corporation (KAFTC) is seeking to buy

about 55,555 tons of U.S. brown rice in tenders for delivery between March 31, 2016 and April30, 2016, according to a statement on its website.

The details of the tonnage and volume of the rice sought:

Registration of tenders will close at 4.00 p.m on December 8, 2015. Electronic bidding will take place on December 9, 2015 between 10:00 and 11:30 a.m.

Oryza U.S. Rough Rice Recap - Softer Prices

Seem Amid Insufficient Export DemandDec 03, 2015

The U.S. cash market was materially weaker falling again with today’s selloff in the futuresmarket amid a lack of sufficient export demand.




6

Analysts note that drop in cash prices has done little to faze farmers who are still holding out forhigher prices as those who were planning on selling in 2015 have likely already done so.

Analysts do not expect tomorrow’s export sales to show any significant increase in demand.

India Rice Procurement Increases Sharply inFirst Two Months of KMS 2015-16 Despite

Likely Low Output, Say Food Ministry

Officials

Dec 02, 2015

Rice procurement, by the Food Corporation of India (FCI) and state government agencies, for thekharif marketing season (KMS) 2015-16 (October - September), which began on October 1,2015 has increased significantly in the first two months compared to last year, according to theFinancial Express.

The FCI and the government agencies together have procured around 14.06 million tons of riceas of December 1, 2015, up about 31% from around 10.7 million tons procured during the same period last year.

Procurement has been reasonably good despite a likely lower output this year due to below-

average monsoon rains, according to some Food Ministry officials. They attributed the higher procurement to a decline in prices of common variety of rice in various markets across thecountry. “The farmers prefer to sell their grain to agencies rather than giving it the private tradersin Punjab and Haryana,” they were quoted.

In Punjab, which contributes the highest volume of rice and wheat to the central pool, the FCIand the state agencies have procured around 9.3 million tons of rice (milled equivalent of paddy)so far, compared to around 7.7 million tons procured last year. Agencies have procured around2.8 million tons of rice (milled equivalent of paddy) in Haryana compared to around 2.3 milliontons last year. They reportedly procured 380,000 tons, 490,000 tons and 76,933 tons from UttarPradesh, Telangana and Kerala respectively. While procurement just began in Chhattisgarh, it is

yet to begin in the states of Odisha, West Bengal and Assam.

The government of India fixed the minimum support price (MSP) of common variety of paddy ataround $1,410 per quintal (around $213 per ton) and that of Grade A paddy at $1,450 per quintal(around $219 per ton) for the 2015-16 kharif season.




7

Based on the pace of procurement, the Food Ministry officials expressed confidence that thegovernment may surpass the target of 30 million tons for KMS 2015-16. The FCI andgovernment agencies procured 32 million tons of rice in KMS 2014-15.

Brazil Exports 979,215 Tons of Rice in FirstTen Months of 2015

Dec 02, 2015

Brazil has exported around 979,215 tons of rice in the first ten months (January – October) of2015, according to data released by the Rice Institute of Rio Grande do Sul (IRGA).In October2015, Brazil exported around 126,973 tons of rice, down about 5% from around 133,130 tonsexported in September 2015.Cuba remained the largest importer of Brazilian rice in October2015 with around 42,647 tons, or about 33% of Brazil's total rice exports during the month. Nicaragua accounted for around 20,809 tons (about 16% of Brazil's total exports during themonth); Sierra Leone accounted for around 17,185 tons (about 13.5% of Brazil's total exportsduring the month); and Peru accounted for 13,824 tons (about 11% of Brazil's total exports

during the month).Costa Rica (8,678 tons), Benin (4,346 tons), Bolivia (4,023 tons), SouthAfrica (2,830 tons), U.S. (3,250 tons), Trinidad Tobago (770 tons), Angola (2,019 tons), Chile(1,220 tons), Cape Verde (1,253 tons), Panama (510 tons), Holland (403 tons), Saudi Arabia(438 tons), and others (2,768 tons) accounted for the remaining 26.5% of Brazil's total riceexports in October 2015.

Brazil exported around 1.24 million tons of rice in 2014, up about 2.4% from around 1.209million tons exported in 2013, according to data from IRGA.

3rd december,2015 daily exclusive oryza rice e-newsletter by riceplus magazine

Documents