5th march ,2015 daily exclusive oryza rice e_newsletter by ricpelus magzazine

8/9/2019 5th March ,2015 Daily Exclusive ORYZA Rice E_Newsletter by Ricpelus Magzazine

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Daily Exclusive ORYZA Rice E-Newsletter

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Daily Exclusive ORYZA Rice Newsletter

Volume 5, Issue I

March 05, 2015


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Thailand to Support Namibia to Develop

Rice Sector

Mar 04, 2015

A delegation of Thai rice exporters led by Thailand's Ambassador to Namibia, who met with

Namibia's President have promised to assist the South West African nation to start and sustain

rice production, according to local sources.The Thai Ambassador to Namibia noted that

Thailand, with all its expertise in rice production, would support Namibia in adopting and using

all latest technologies in rice production.

The Namibian President also requested the Thai delegation to guide their farmers to grow quality

rice and help in the development of rice sector in the country.Namibia is not a traditional rice

producer but is keen on ramping up rice production considering the demand for the staple as well

as to address food insecurity issues. In 2009, the President initiated an ambitious project to kick


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off rice production using seeds of three rice varieties - Supa, Irga and Angola. Presently, under

this project, rice has been planted in about 222 hectares.

Namibia imports around 10,000 tons of rice annually to meet local consumption needs.

Vietnam Rice Sellers Lower Some of Their

Quotes Today; Other Asia Quotes Unchanged

Mar 04, 2015

Vietnam rice sellers lowered their quotes for Jasmine rice by about $5 per ton to around $455 -

$465 per ton today. Other Asia rice sellers kept their quotes mostly unchanged.

5% Broken Rice

Thailand 5% rice is quoted at around $405 - $415 per ton, about $35 per ton premium on

Vietnam 5% rice shown at around $370 - $380 per ton. India 5% rice is quoted at around $390 -

$400 per ton, about $45 per ton premium on Pakistan 5% rice quoted at around $345 - $355 per

ton.

25% Broken Rice

Thailand 25% rice is quoted at around $365 - $375 per ton, about $20 per ton premium onVietnam 25% rice shown at around $345- $355 per ton. India 25% rice is quoted at around $355

- $365, about $50 per ton premium on Pakistan 25% rice quoted at around $305 - $315 per ton.

Parboiled Rice

Thailand parboiled rice is quoted at around $400 - $410 per ton. India parboiled rice is quoted at

around $385 - $395 per ton, about $5 per ton discount to Pakistan parboiled rice quoted at around

$390 - $400 per ton.

100% Broken Rice

Thailand broken rice, A1 Super, is quoted at around $320 - $330 per ton, about $5 per ton

premium on Vietnam 100% broken rice shown at around $315 - $325 per ton. India's 100%

broken rice is shown at around $280 - $290 per ton, about $10 per ton discount to Pakistan

broken sortexed rice quoted at around $290 - $300 per ton.


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17.8 million tons of rice stocks, about 2.35 million tons are of good quality, about 14.4 million

tons are sub-standard, and about 694,000 tons are rotten and around 390,000 are missing.

Global Rice QuotesMarch 5th, 2015

Long grain white rice - high quality

Thailand 100% B grade 415-425 ↔

Vietnam 5% broken 370-380 ↔

India 5% broken 390-400 ↔

Pakistan 5% broken 345-355 ↔

Myanmar 5% broken 410-420 ↔

Cambodia 5% broken 425-435 ↔

U.S. 4% broken 480-490 ↔

Uruguay 5% broken NQ ↔

Argentina 5% broken NQ ↔

Long grain white rice - low quality

Thailand 25% broken 365-375 ↔


Pakistan 25% broken 305-315 ↔

Cambodia 25% broken 410-420 ↔

India 25% broken 355-365 ↔

U.S. 15% broken 470-480 ↔

Long grain parboiled rice


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Thailand parboiled 100% stxd 400-410 ↔

Pakistan parboiled 5% broken stxd 390-400 ↔

India parboiled 5% broken stxd 385-395 ↔

U.S. parboiled 4% broken 555-565 ↔

Brazil parboiled 5% broken 570-580 ↔

Uruguay parboiled 5% broken NQ ↔

Long grain fragrant rice

Thailand Hommali 92% 920-930 ↔

Vietnam Jasmine 455-465 ↔

India basmati 2% broken NQ ↔

Pakistan basmati 2% broken NQ ↔

Cambodia Phka Mails 785-795 ↔

Brokens

Thailand A1 Super 320-330 ↔


Pakistan 100% broken stxd 290-300 ↔

Cambodia A1 Super 345-355 ↔

India 100% broken stxd 280-290 ↔

Egypt medium grain brokens NQ ↔

U.S. pet food 380-390 ↔

Brazil half grain NQ ↔


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

Oryza Afternoon Recap - Chicago Rough

Rice Futures Rebound as Market Continues

Back -and-Forth Trading Pattern

Mar 04, 2015

Chicago rough rice futures for May delivery settled 10 cents per cwt (about $2 per ton) higher at

$10.725 per cwt (about $236 per ton). Rough rice futures recovered a good portion of

yesterday’s losses but were unable to close above yesterday’s opening price. The market

continues to trade in a sideways trading range with underlying support around $10.600 per cwt(about $234 per ton) and overhead resistance around $10.800 per cwt (about $238 per ton). For

the time being expectations are for price to remain trapped within this range, however a breakout

in either direction will likely signal the direction of future market direction.

The other grains finished closed lower to sharply lower, led by a decline in wheat; Soybeans

closed about 1.8% lower at $9.9400 per bushel; wheat finished about 2% lower at $4.9600 per

bushel, and corn finished the day about 0.4% lower at $3.8950 per bushel.U.S. stocks traded

lower on Wednesday as investors weighed a series of economic data ahead of Friday's

employment report that could shed light on the timing of an interest rate hike. The S&P 500

traded just under 2,100 as all sectors except health care declined.

The Dow Jones industrial average fell more than 150 points before recovering to trade about 100

points lower, with most blue chips lagging. The ADP private payrolls report showed a gain of

212,000 in February, below expectations and the slowest pace since August 2014. The January

private payrolls report was revised up to 250,000. The ADP data is considered a pre-indicator of

Friday's labor market report from the Bureau of Labor Statistics. The Federal Reserve should

wait until the first half of 2016 before raising interest rates, Chicago Fed President Charles Evans

said, citing low inflation. Two other Fed officials are also scheduled to speak on Wednesday.

The ISM non-manufacturing index posted 56.9 for February, above estimates of 56.5. The

Federal Reserve releases its Beige Book on the economy at 2 p.m.

The Dow Jones Industrial Average traded down 105 points, or 0.58%, to 18,097. The S&P 500

traded down 10 points, or 0.49%, to 2,097, with telecommunications the greatest laggard and

health care the only advancing sector. The Nasdaq traded down 12 points, or 0.25%, to 4,967.

Gold is trading about 0.3% lower, crude oil is seen trading about 0.7% higher, and the U.S.


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dollar is seen trading about 0.6% higher at about 1:00pm Chicago time.Tuesday, there were 799

contracts traded, up from 491 contracts traded on Monday. Open interest – the number of

contracts outstanding – on Tuesday decreased by 36 contracts to 9,092.

Oryza Overnight Recap – Chicago Rough

Rice Futures Trade Higher Despite Negative

Start to Neighboring Grains

Mar 04, 2015

Chicago rough rice futures for May delivery are currently listed 9.5 cents per cwt (about $2 per

ton) higher at $10.720 per cwt (about $236 per ton) during early floor trading in Chicago. Theother grains are seen trading lower this morning: soybeans are currently seen about 1.2% lower,

wheat is listed about 1.8% lower and corn is currently noted about 0.7% lower.U.S. stocks traded

lower on Wednesday as investors weighed a series of economic data ahead of Friday's

employment report that could shed light on the timing of an interest rate hike. The Dow Jones

industrial average fell 100 points soon after the open, while all ten sectors in the S&P 500

declined.

The ADP data is considered a pre-indicator of Friday's labor market report from the Bureau of

Labor Statistics. Stocks pulled back from records on Tuesday, with the Dow and S&P lower and

the Nasdaq below the psychologically important 5,000 level. Other economic reports are ISMnon-manufacturing data at 10 a.m., and the Federal Reserve's Beige Book on the economy at 2

p.m. The Dow Jones Industrial Average traded down 103 points, or 0.57%, to 18,094.13. The

S&P 500 traded down 12 points, or 0.60%, to 2,094, with materials leading declines across all

ten sectors. The Nasdaq traded down 33 points, or 0.67%, to 4,946. Gold is currently trading

unchanged, crude oil is seen trading about 0.5% higher, and the U.S. dollar is currently trading

about 0.4% higher at 9:00am Chicago time.

Center of Excellence Staff Participate in

Study Tour to Vocational AgricultureInstitutions in Ghana


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Mar 04, 2015

PRESS RELEASE: Monrovia, Liberia-In partnership with the Ministry of Education (MoE), the USAID Food

and Enterprise Development (FED) Program has developed Liberia’s first market-based, integrated

vocational training program in agriculture. USAID FED’s mandate is to develop the Booker Washington

Institute (BWI) and the Community Colleges in Nimba (NCCC), Grand Bassa (GBCC) and Lofa (LCCC)

counties into Centers of Excellence (CoE) in Vocational Agricultural Education. The MoE, with the

support of USAID FED, has developed a National Diploma in Agriculture (NDA), curriculum which will be

rolled out in March 2015.

The National Diploma for Agriculture (NDA) is an innovative, skills-focused two-year

Vocational Diploma that prepares high school graduates to move directly into agriculturalemployment in the formal sector or through entrepreneurship. Students will graduate with

marketable, in-demand skills that will give them expanded employment options tied to the

country’s growing agricultural market and industry needs. USAID FED’s supported Centers of

Excellence in Agriculture will lead the practical training program through campus base agri-

enterprises and practicum in related industries. The NDA is the country’s first TVET curriculum

that is harmonized with the ECOWAS (Economic Community of West African States)

vocational agriculture curriculum and represents an important step towards regional integration.

As Liberia rebuilds its agriculture sector, ensuring the agriculture programs and its instructors are

well equipped to teach and demonstrate best practices is paramount to revitalizing the sector.

USAID FED supported a study tour of key personnel of the Centers of Excellence from February

15-28, 2015 to vocational education institutions in Ghana . The purpose of the visit was for CoE

staff to share the experiences of /get insights from more advanced vocational agricultural

institutions on how to enhance program delivery and ensure sustainable operation of their

institutions as Centers of Excellence in Agricultural Vocational Education. In total fourteen

people participated in this trip, three from each CoE and two USAID FED staff members. The


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participants were instructors, agri-business staff and administrators of the institutions. Some of

the institutions that were visited were Kumasi Institute of Tropical Agriculture (KITA), Kwadaso

Agriculture College (KAC), Ministry of Food and Agriculture (MoFA), and the Animal Health

& Production College just to name a few.

Dr. Yar Gonway-Gono, President, Nimba County Community College in her presentation stated,

“We want to thank USAID FED for this opportunity to travel to Ghana. We will now be the

catalyst of change at our institutions with the new skills and ideas we have learned during our

study tour to Ghana. All aspects of the CoE’s will be further enhanced based upon our new

found knowledge especially in the areas of turning an institution into a profitable agribusiness

enterprise based upon the Ghanaian experience.”

“Now that the CoE staff have participated in their study tour to Ghana, they can bring back the

lessons learned from these Ghanaian institutions and further improve the NDA program at theirrespective institutions in Liberia. The NDA will improve overall capacity of future farmers; the

added bonus is that Liberian youth will also acquire agro-business skills, such as business plan

development, record keeping and financial management, needed to create a business,” says

USAID FED Chief of Party, Agnes Luz. “These skills play a key role in addressing not only the

immediate employment needs of graduates, but also the development and growth of the

agricultural and food production sectors of the country.”

“The lessons plans being utilized at the Ghanaian Agriculture Vocational schools were

comprehensive and modern. All of their laboratories used modern equipment and were

accessible for students. We will take these lessons learned and implement similar measures atour CoE’s to further enrich the NDA program and lab space for our students, sa id Jeremiah M.

Swinteh, Agricultural Instructor at Grand Basa Community College.USAID FED has provided

the CoE’s with computers and other ICT equipment, textbooks internet connectivity, training of

instructors, textbooks, and laboratory equipment to support the NDA rollout. USAID FED is

currently focusing on upgrading the library and laboratory facilities towards a conducive learning

environment for students enrolled in the NDA Program.

The USAID FED Program for Liberia aims to reduce hunger and promote food security for

Liberians by increasing agricultural productivity and profitability across food based value

chains, stimulating enterprise development and building the agriculture workforce. The program

is implemented in six counties: Bong, Nimba, Lofa, Grand Bassa, Margibi and

Montserrado.USAID FED is Africa’s largest project under President Barack Obama’s Feed the

Future Initiative, which promotes a move away from subsistence and increasing food security by

working with public and private bodies, including the Government of Liberia, the private sector,

local NGOs and other key stakeholders.

5th march ,2015 daily exclusive oryza rice e_newsletter by ricpelus magzazine

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