19th june (friday),2015 daily exclusive oryza rice e newsletter by riceplus magazine
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1 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |
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June 19 ,2015
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Nepal Plans to Launch Three-Year Paddy
Mission to Boost Production, Cut Down
Imports
Jun 19, 2015
The government of Nepal plans to launch the first paddy mission from the fiscal year 2015-16
(August 2015 – July 2016) to boost output and help the country become self-sufficient in rice
production, according to local sources.A three-year time frame has been set to implement the
mission in about 670,000 hectares in 13 Tarai districts. The total planned area will be divided
into five cluster areas—Jhapa, Sunsari and Morang; Bara, Sarlahi and Parsa; Rupandehi and
Kapilvastu; Dang, Banke and Bardia and Kailali Kanchanpur.
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The government aims to increase the average yield to around 3.43 tons per hectare in the first
year (i.e, 2015-16) from the current 3.17 tons, and further increase to 3.57 tons per hectare and
3.66 tons per hectare in the subsequent two years respectively. It also aims to increase the paddy
output from the current 4.78 million tons to around 4.94 million tons, 5.22 million tons and 5.4
million tons respectively in the three years.The Nepalese government is planning to reduce the
imports to around 277,000 tons in the first year, 96,000 in the second year and become self-
reliant in rice or be able to export about 10,000 tons of rice in the third year. Currently, Nepal
currently imports about 530,000 tons of rice annually.
It has allocated around Rs.100 million (around $983,478) for the three-year project, but the
actual requirement for the project has to be assessed, the Assistant Spokesperson of the Ministry
of Agricultural Development was quoted. He noted that the targets are not too ambitious and can
be achieved. He added that the government is also planning to launch ―chaite dhan‖ scheme
under which it would plant paddy from mid-March to mid-April, in areas where there are
irrigation facilities.
The official also noted that the government would support farmers by providing improved
varieties of paddy seeds and subsidies on farm machinery, irrigation and other tools in the
selected areas. It would also train farmers in these areas.The Agriculture Ministry estimates
Paddy production in 2014-15 to decline about 5.71% to around 4.78 million tons from around
5.04 million tons in 2013-14 due to a late monsoon and untimely rainfall.USDA estimates
Nepal’s MY 2014-15 (October 2014 – September 2015) paddy rice production to decline to
about 4.655 million tons (around 3.1 million tons, basis milled) from an estimated 5 million tons
(around 3.36 million tons, basis milled) in MY 2013-14. It estimates Nepal to import around
350,000 tons of rice in 2015.
Pakistan Rice Exports Continue to Decline
for Second Consecutive Month in May 2015
Jun 19, 2015
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Pakistan's total exports declined sharply in May 2015, continuing to decline for the second
consecutive month after increasing about 33% m/m in March 2015.Pakistan exported around
263,044 tons of rice (including basmati and non-basmati) in May 2015, down about 27% from
around 360,446 tons exported in April 2015, according to provisional data from the Pakistan
Bureau of Statistics (PBS). In terms of value, Pakistan's rice export earnings declined about 16%
to around $152 million in May 2015 from around $180 million earned in April 2015.Year-on-
year, Pakistan’s exports increased about 11% from around 236,843 tons exported in May 2014.
In terms of value, they declined about 7% from around $163 million in May 2014.
Pakistan exported around 30,944 tons of basmati rice in May 2015, down about 10% from
around 34,568 tons exported in April 2015, and down about 57% from around 72,573 tons
exported in May 2014. In terms of value, Pakistan's basmati rice exports earned $38.3 million in
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May 2015, down about 10% from around $42.5 million earned in April 2015, and down about
57% from around $88 million earned in May 2014.Pakistan exported around 232,100 tons of
non-basmati rice in May 2015, down about 29% from around 325,878 tons exported in May
2015 and up about 41% from around 164,270 tons in May 2014. In terms of value, Pakistan's
non-basmati rice exports earned $114 million in May 2015, down about 17% from around
$137.5 million earned in April 2015, and up about 53% from around $74.63 million earned in
May 2014.
Pakistan has exported around 3.71 million tons of rice (around 458,995 tons of basmati and
around 3.25 million tons of non-basmati) in the first eleven months of FY 2014-15 (July 2014 -
June 2015), up about 6% from around 3.49 million tons (around 613,655 tons of basmati and
around 2.88 million tons of non-basmati) exported during the same period in FY 2013-14. In
terms of value, Pakistan's exports earned around $1,902 million (around $487 million from
basmati and around $1,415 million from non-basmati) in July 2014 - May 2015, down about
5.5% from around $2,013 million (around $703 million from basmati and around $1,310 million
from non-basmati) earned during the same period in 2013-14.
Oryza Afternoon Recap - Chicago Rough
Rice Futures End Week on Bearish Note as
Negative Grains Exert Downward Pressure
Jun 19, 2015
Chicago rough rice futures for Jul delivery settled 9.5 cents per cwt (about $2 per ton) higher at
$9.720 per cwt (about $214 per ton). Rough rice futures erased yesterday’s gains and once again
moved lower, adding to losses sustained earlier in the week. The market remains range bound
and will technically remain so until either support at $9.400 per cwt (about $207 per ton) is
breached or resistance at $10.000 per cwt (about $220 per ton) is taken out. The other grains
finished the day mostly lower, with wheat being the only contract to manage to finish with a
slight gain; Soybeans closed about 0.6% lower at $9.7150 per bushel; wheat finished about 0.1%
higher at $4.8850 per bushel, and corn finished the day about 1.3% lower at $3.5325 per
bushel.U.S. stocks traded mildly lower on Friday following the Nasdaq's record close as
investors eyed developments in the Greece debt talks.
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At an emergency summit on Monday, euro zone officials are expected to discuss how to handle a
Greek default if no new Greek reform proposals arrive, Reuters reported. Athens has said
without further aid, it will be unable to make a 1.5 billion euro ($1.7 billion) debt payment to the
International Monetary Fund due on June 30. Meanwhile, large deposit outflows from Greece
have raised concerns that Athens may have to implement capital controls. The European Central
Bank expanded emergency funding for Greek banks as savers pulled out 1.2 billion euros in a
single day on Friday, bankers said in a Reuters report, but Prime Minister Alexis Tsipras insisted
the nation's future in the euro was secure. Friday also marks quarterly expirations, which will
likely add some volatility. The major averages remain on track for weekly gains of about 1% or
more. The Dow Jones Industrial Average traded down 57 points or 0.31%, at 18,058. The S&P
500 traded down 7 points, or 0.33%, at 2,114, with energy leading seven sectors lower and health
care leading advancers. The Nasdaq traded down 17 points, or 0.30%, at 5,119. Gold is trading
nearly flat, crude oil is seen trading about 2.1% lower, and the U.S. dollar is seen trading at about
even at about 1:00pm Chicago time.Thursday, there were 1,632 contracts traded, down from
2,137 contracts traded on Wednesday. Open interest – the number of contracts outstanding – on
Thursday decreased by 331 contracts to 10,453.
Government of Thailand Expects Domestic
Paddy Prices to Increase About 10% Due to
Drought
Jun 19, 2015
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The domestic prices of paddy are expected to increase by about 10% to 8,500 baht per ton
(around $253) due to lesser supplies from the main crop as well as potential impact of the El
Nino, Bloomberg quoted the Deputy Secretary General of the Office of Agricultural Economics
(OAE).The OAE is reportedly expecting the paddy output from the 2015 main crop (which
accounts for about 70% of the total output) may drop by 600,000 tons or about 2% to around
26.5 million tons, from around 27.1 million tons from last year. The government has been
instructing famers in 22 provinces of the Central region to delay planting until July for the main
rice crop due to lesser water levels in the reservoirs of the Cho Phraya river basin. It has decided
to cut water supplies to more than half of the rice land in the region.Of the 1.184 million hectares
of rice land in the region, about note that about 4 million rai (around 640,000 hectares) is
reportedly unaffected by the reduction in water supplies.
However, farmers in the affected regions are not happy with the government's instructions since
some of them had already invested in land preparation and other initial work. The Leader of the
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Farmers Association noted that since agriculture is livelihood for many of the farmers. He
demanded a compensation of about 3,000 baht per rai (around $557 per hectare) for farmers in
the affected 22 provinces, as well as a three-year debt moratorium including interest as farmers
will not be able to earn sufficiently if they are not allowed to grow crops.Some farmers are also
planning to go ahead with their plans and take a risk.USDA estimates Thailand to produce 28.4
million tons of paddy rice (around 18.75 million tons, milled basis) and export around 11 million
tons of rice in MY 2014-15 (January - December 2015).
Myanmar Confirms Adequate Domestic Rice
Stocks Amid Rising Prices
Jun 19, 2015
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The Myanmar Rice Federation (MRF) has confirmed today that the country has sufficient rice
stocks to meet the local demand and the rising rice prices are not because of shortage of stocks,
Xinhua News Agency quoted a semi-official media report.The MRF stated that the recent
increase in local rice prices is due to increased exports and appreciation of the U.S. dollar against
the kyat. It also ruled out market reports that rice prices would continue to increase till the
monsoon paddy harvest. It noted that domestic prices have peaked and are likely to reverse
shortly.
Despite increasing exports, about half of the rice produced last year is still in stocks as part of
strategic reserve to meet domestic consumption, the Federation quoted a regional farmers'
association as saying.Myanmar exported around 1.8 million tons of rice in MY 2014-15. Last
month, the Federation expressed confidence that the country would export about 2 million tons
of rice in the fiscal year 2015-16 (April - March) due to increasing demand from China, Africa
and Europe.
It noted that especially cross border rice exports to China, which slowed down between August
2014 to February 2015 due to lack of a proper trade agreement between the two countries have
reportedly resumed again following the signing of a Memorandum of Understanding (MOU)
between the MRF and China's COFCO to export 100,000 tons this year. Around 4,000 tons of
rice is reportedly being exported to China currently through borders every day.According to the
UN's Food and Agriculture Organization (FAO), the domestic prices of most commonly used
Emata rice have increased about 33% since November 2014. In June 2015, they are recorded at
around 446,010 kyat (around $400) per ton, up about 17% from their year ago levels.USDA
estimates Myanmar to export around 1.85 million tons of rice in 2015. Export prices of Myanmar
5% rice currently stand at around $420 per ton.
Oryza Weekly: Increased Demand from
Philippines, On El Niño Concerns, May Push
Up Global Rice Prices
Jun 19, 2015
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The Oryza White Rice Index (WRI), a weighted average of global white rice export quotes,
ended the week at about $398 per ton, down about $5 per ton from a week ago, down about $8
per ton from a month ago and down about $62 per ton from a year ago.
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The USDA forecasts 2015-16 global milled rice production to reach a record high of 481.7
million tons due to higher acreage (a record 161.8 million hectares). The USDA forecasts global
rice trade to decline in 2016 to about 42.4 million tons, down about 2% from 2015.
The National Food Authority Council of the Philippines has decided to import 100,000 tons of
25% long-grain white rice from Vietnam at a higher price than its reference prices of $408.14
after receiving higher bids twice in the June 16 G2G tender. The tender was originally planned
for 250,000 tons and the NFA imported 150,000 tons of rice from Vietnam under government-to-
government (G2G) tender.
The NFA has approved private traders to import up to 805,200 tons of 25% well-milled rice
under the WTO minimum access volume to maintain buffer stocks and avoid potential price
spikes amid fears of an impending El Nino weather pattern.
The agency is authorized to import another 250,000 tons if the El Nino weather pattern
intensifies.
A high demand from the Philippines is expected to push up the global rice prices, which have
been subdued since the beginning of this year due to increased supplies and lower demand.
Thailand
Thailand 5% broken rice is today shown at about $365 per ton, up about $5 per ton from a week
ago, down about $10 per ton from a month ago and down about $20 per ton from a year ago.
Thailand’s Public Warehouse Organization (PWO) has declared about 650,000 tons of rice as
rotten, which is not fit for human and animal consumption or for ethanol production. The rice
can, however, be used as fuel in electricity generation.
Domestic paddy prices are expected to increase by about 10% to 8,500 baht per ton (around
$253) due to reduced supplies from the main crop as well as potential impact of the El Nino,
Bloomberg quoted the Deputy Secretary General of the Office of Agricultural Economics (OAE)
as saying. The OAE is reportedly expecting the paddy output from the 2015 main crop (which
accounts for about 70% of the total output) to drop by 600,000 tons or about 2% to around 26.5
million tons, from around 27.1 million tons from last year. The government has been instructing
famers in 22 provinces of the Central region to delay planting until July for the main rice crop
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due to lesser water levels in the reservoirs of the Cho Phraya river basin. It has decided to cut
water supplies to more than half of the rice land in the region.
Thailand’s third auction for about 1.06 million tons of rice this year has attracted less interest
than the first two auctions.
India
India 5% broken rice is today shown at about $370 per ton, down about $10 per ton from a week
ago, down about $5 per ton from month ago, and down about $70 per ton from a year ago.
Planting for India 2015-16 Kharif (main) rice crop (June - December) which began on May 8,
2015 is picking up fast and stands at around 833,000 hectares as of June 19, 2015; up about 1.6%
from around 820,000 hectares planted during the same period last year, and up about 77% from
last week’s 471,000 hectares, according to preliminary data released by the Indian Agriculture
Ministry.
According to Bloomberg, India received 11% above normal rainfall as on June 17, providing
required support to the kharif rice and other crop plantings.
The government of India approved a proposal to raise the minimum support price of paddy for
the 2015-16 kharif marketing season. The new price is about 3.6% higher, bringing it to about
$220 per ton.
Vietnam
Vietnam 5% broken rice is today shown at about $350 per ton, down about $5 per ton from a
week and a month ago and down about $50 per ton from a year ago.
In the period January 1-June 11, Vietnam exported about 2.123 million tons of rice, down about
29.6% from the first half of 2014. Average rice export price so far this year stands at around
$421 per ton (FOB), down about 2.3% per ton from the same time last year.
Pakistan
Pakistan 5% broken rice is today shown at about $380 per ton, down about $5 per ton from a
week ago, down about $20 per ton from a month ago and down about $65 per ton from a year
ago.
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Pakistan has exported around 3.71 million tons of rice (around 458,995 tons of basmati and
around 3.25 million tons of non-basmati) in the first eleven months of FY 2014-15 (July 2014 -
June 2015), up about 6% from around 3.49 million tons (around 613,655 tons of basmati and
around 2.88 million tons of non-basmati) exported during the same period in FY 2013-14.
The Rice Dealers Association in Pakistan is urging the government to revive the Rice Board in
order to address various problems faced by the country’s rice sector. The Federation of Pakistan
Chambers of Commerce and Industry (FPCCI) has also urged the government to set up a rice
development board, which can address all the issues related to the rice sector
The government of Pakistan is planning to enact a Geographical Indication Law (GI Law) to
bring international distinction to indigenous Pakistan products, including basmati rice.
Central & South America
Brazil 5% broken rice is today shown at about $550 per ton, unchanged from a week and a
month ago and down about $115 per ton from a year ago.
Brazil’s Conab has forecasted the country’s 2014-15 paddy rice production at around 12.544
million tons, up about 3.5% from 2013-14.
The Brazilian paddy rice index maintained by CEPEA reached around 33.71 real per 50
kilograms as of June 15, 2015, up about 1.6% from around 33.18 real per 50 kilograms recorded
on June 8, 2015.
In terms of USD per ton, the index reached around $217 per ton on June 15, 2015, up about 2%
from around $213 per ton recorded on June 8, 2015.
The government of Guyana is preparing for bilateral talks with the government of Venezuela to
extend the oil-for-rice PetroCaribe deal, which will expire this year. Under this deal, Venezuela
buys rice from Guyana and sells oil to Guyana.
Five percent broken rice from Uruguay and Argentina is today shown at about $565 per ton,
unchanged from a week and a month ago, and down about $60 per ton from a year ago.
U.S.
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U.S. 4% broken rice is today shown at about $455 per ton, down about $15 per ton from a week
ago, down about $20 per ton from a month ago and down about $125 per ton from a year ago.
Other Markets
The European Union is considering importing aromatic rice from Myanmar as the demand for
aromatic rice in the region is increasing.
The European Farmers’ Union COPA is opposing a mid-term review of the current EU Common
Agricultural Policy, which was approved in 2014 and is valid until 2020.
The Myanmar Rice Federation (MRF) has confirmed that the country has sufficient rice stocks
to meet the local demand and the rising rice prices are not because of shortage of stocks. The
recent increase in local rice prices is attributed to increased exports and appreciation of the U.S.
dollar against the kyat.
Iraq has invited international tenders to purchase about 30,000 tons of rice from the U.S.,
Uruguay, Argentina, Brazil, and India, with bids due June 28.
The government of Indonesia aims to procure 2 million tons of rice from local farmers during
the dry season (June-mid-December). It has issued a new regulation on basic commodities
prices, which allows the government to anticipate price hikes of certain commodities such as
rice, whose prices peak during the festive seasons
The government of China is taking steps to enhance its grain storage capacity to about 95% of
the total grain output by 2020 in order to ensure grain supply and safety.
North Korea is experiencing its worst drought conditions in a century and about 30% of its
paddy rice acreage has dried up as a result. Representatives from the UN's Food and Agricultural
Organization (FAO) who visited North Korea to assess the impact of a reported drought on the
country's crop production estimated the country's 2015 paddy production to decline about 12% to
around 2.3 million tons from around 2.6 million tons in 2014.
The boro paddy and rice (January-May) procurement drive in Bangladesh has not provided the
expected respite to farmers in terms of prices. The government is reportedly procuring milled
rice from millers rather than paddy from farmers. It has already procured around 313,000 tons of
milled rice from the millers. Due to this stance by the government, farmers are at a loss as they
are not receiving the government set price of $283 per ton, and are forced to sell to millers and
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traders at much lower prices. Traders and miller s on the other hand are not offering decent
prices to farmers as the market is flooded with low quality rice imports from India.
The government of Nepal has planned to launch the first paddy mission from the fiscal year
2015-16 (August 2015 – July 2016) to boost output and help the country become self-sufficient
in rice production and cut down imports.
The UN’s FAO estimates Madagascar’s 2015 paddy rice production will be below-average due
to erratic rainfall and dry conditions.
The UN’s FAO has agreed to support the rice sector in Zambia under its technical cooperation
program.
Government of Pakistan Urged to Set Up
Rice Development Board; May Enact GI Law
Soon
Jun 19, 2015
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The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the
government to set up a rice development board, which can address all the issues related to the
rice sector, according to local sources.In a letter to the Commerce Minister and the Food Security
and Research Minister, the FPCCI Senior Vice President noted that setting up a rice development
board would help promote different rice varieties as well as focus on increasing rice exports,
which have in the recent years stagnates due to lack of research and development. He
emphasized on the need for developing new rice varieties that provide higher yield at low costs
and are more acceptable in the global market. "Competitors had come up with such products due
to market-oriented and demand-driven research in consultation with all stakeholders," he
reportedly added.
Pakistan has exported around 3.45 million tons of rice (around 428,051 tons of basmati and
around 3.02 million tons of non-basmati) in the first ten months of FY 2014-15 (July 2014 - June
2015), up about 6% from around 3.25 million tons (around 601,273 tons of basmati and around
2.71 million tons of non-basmati) exported during the same period in FY 2013-14.Separately, the
Commerce Minister told local sources that the government is planning to enact a Geographical
Indication Law (GI Law) to bring international distinction to indigenous Pakistan products,
including basmati rice.
He noted that the Ministry of Commerce has been instructed to coordinate with the concerned
stakeholders of the intellectual property organisation Pakistan, ministry of national food security
and research, concerned provincial departments and private sector.The Minister added that the
government has been under pressure from the basmati growers and exporters to enact GI law as
it would help get a premium to Pakistan basmati rice. A GI law would also help Pakistan file
such applications in other countries to protects its products in those countries.Geographical
Indications associate certain product to a specific location, thus identifying its originality and
uniqueness. Such an indication to any product distinguishes it from the rest of same kind thus
bringing premium to its price.
Monsoon Rains Boost India 2015-16 Main
Paddy Rice Sowing
Jun 19, 2015
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Planting for India 2015-16 Kharif (main) rice crop (June - December) which began on May 8,
2015 is picking up fast and stands at around 833,000 hectares as of June 19, 2015; up about 1.6%
from around 820,000 hectares planted during the same period last year, and up about 77% from
last week’s 471,000 hectares, according to preliminary data released by the Indian Agriculture
Ministry.According to Bloomberg, India received 11% above normal rainfall as on June 17,
providing required support to the kharif rice and other crop plantings.
A likely drought-inducing El Nino this year is expected to lower production prospects this year.
In its second forecast for 2015, the India Meteorological Department (IMD) has lowered its
estimate for this year's monsoon rains to 88% of normal, from a previous estimate of 93% due to
reports of a strengthening El Nino. It is expecting rainfall to be 85% of the normal in the states of
Haryana, Punjab, Rajasthan and Uttar Pradesh. The IMD expects the El Nino pattern to reach to
moderate to a strong one during the monsoon season (June – September).The government of
India, in its third advance estimates for major crops, has estimated India's rice production for
2014-15 marketing year (October 2014 - September 2015) at around 102.54 million tons, down
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about 4% from an estimated 106.65 million tons in 2013-14, according to a statement from the
agriculture Ministry.The total Kharif crop sown area stands at 9.16 million hectares as on June
19, 2015, down about 7% from around 9.89 million hectares during the same period last year,
according to the Agriculture Ministry.
Philippines Decides to Import 100,000 Tons
of Rice from Vietnam
Jun 18, 2015
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The National Food Authority (NFA) Council has decided to import 100,000 tons of 25% long-
grain white rice, part of June 5 tender to import 250,000 tons, from Vietnam at its revised offer
of $416.85 per ton, local sources quoted the Philippine News Agency.The NFA initially sought
to import 250,000 tons of rice in a government-to-government (G2G) tender on June 5 to
maintain adequate stocks during the lean season (July - September). It invited Thailand, Vietnam
and Cambodia with which it has import agreements. However, it imported only 150,000 tons
from Vietnam at $410 per ton from Vietnam.
It re-invited bids from the three governments for the remaining 100,000 tons on June 16. But all
the three bids were much higher than its reference price of $408.14 per ton. Therefore, they were
asked to revise the bids. While Thailand backed out, Vietnam's bid at $416 per ton and
Cambodia's bid at $455 were again higher than the reference price.The NFA referred the matter
to the NFA Council to decide whether it can import rice at the lowest bid, which is from
Vietnam.Now, the NFA imported all the 250,000 tons from Vietnam at an average price of
$412.81. The NFA Administrator noted that they want the rice to be delivered by July 1, that is
before the beginning of lean months.
The NFA is in a hurry to complete import arrangements as it is mandated to maintain a 30-day
buffer stock during the lean season. The NFA currently holds a buffer stock of 750,000 tons of
rice, which is expected to last only for 24 days.The Philippines imported 750,000 tons of rice
(550,000 tons from Vietnam and 200,000 tons from Thailand) so far this year. Earlier this week,
the NFA invited private traders to import up to 805,200 tons of rice under the WTO's minimum
access volume (MAV) quota at 35% tariff. It is also authorized to import another 250,000 tons if
the El Nino weather pattern intensifies. The decision on this additional volume will be decided
next month after assessing the impact of El Nino on the paddy production, according to the NFA
Deputy Administrator.Both FAO and USDA are estimating the Philippines to import 1.7 million
tons of rice in 2015.
'Star Wars' Stormtroopers Help Kids Plant
Rice
Jun 19, 2015
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Young school children in Japan witnessed a special treat when they recently began planting rice
for their rice paddy art projects: Imperial Stormtroopers from Star Wars were in attendance to
make sure everything went smoothly. Who knew Stormtroopers could be so helpful in the paddy
fields?
The event was a promotion for the new movie in the franchise, Star Wars: Episode VII The
Force Awakens, due out later this year.
Image source: Cinema Today
Thailand, Pakistan Rice Sellers Increase
Some of Their Quotes; Other Asia rice
Quotes Unchanged Today
Jun 19, 2015
21 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |
www.ricepluss.com & www.riceplus.blogspot.com
For Blog & daily Newsletter advertisement contact: mujahid.riceplus@gmail.com
Thailand rice sellers increased their quotes for 100% broken variety by about $5 per ton to
around $370-$380 per ton today. Pakistan rice sellers increased their quotes for 25% broken rice
and 100% broken rice by about $10 per ton and $5 per ton to around $345-$355 per ton and
$300-$310 per ton, respectively. Other Asia rice sellers kept their quotes mostly unchanged
today.
5% Broken Rice
Thailand 5% rice is indicated at around $350 - $360 per ton, about a $5 per ton premium on
Vietnam 5% rice shown at around $345 - $355 per ton. India 5% rice is indicated at around $365
- $375 per ton, about $15 per ton discount to Pakistan 5% rice shown at around $380 - $390 per
ton.
25% Broken Rice
Thailand 25% rice is shown at around $340 - $350 per ton, about a $15 per ton premium on
Vietnam 25% rice shown at around $325- $335 per ton. India 25% rice is indicated at around
$350 - $360, about $5 per ton premium on Pakistan 25% rice shown at around $345 - $355per
ton, up about a $10 per ton from yesterday.
Parboiled Rice
Thailand parboiled rice is indicated at around $360 - $370 per ton. India parboiled rice is
indicated at around $360 - $370 per ton, about a $40 per ton discount to Pakistan parboiled rice
shown at around $400 - $410 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is indicated at around $315 - $325 per ton, about $5 per ton
premium on Vietnam 100% broken rice shown at around $310 - $320 per ton. India's 100%
broken rice is shown at around $280 - $290 per ton, about a $20 per ton discount to Pakistan
broken sortexed rice shown at around $300 - $310 per ton, up about a $5 per ton from yesterday.
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