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Kultur Dokumente
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On-going drought conditions are expected to reduce Indonesia's 2015 paddy rice production by
about 800,000 tons, down from an estimated 75.5 million tons, according to Bloomberg.
The Director General of food crops at the Agriculture Ministry told reporters that about 350,000
hectares of rice fields have been affected due to drought. About 40,000 hectares of cultivated
areas
The country's statistics agency is estimating 2015 paddy rice output to reach around 75.55
million tons (around 47.6 million tons, basis milled) in 2015. The government is keen on
achieving self-sufficiency in rice production and stop imports over the next few years.
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USDA estimates Indonesia to produce around 36.3 million tons of rice, basis milled (around
57.17 million tons, basis paddy), and import around 1.25 million tons of rice in MY 2014-15
(October - September). Some analysts are forecasting imports to reach about 1.6 million tons.
The government of Indonesia has so not imported any rice in this year. In 2014, it imported
around 450,000 tons last year.
Vietnam 5% broken
325-335
India 5% broken
360-370
Pakistan 5% broken
325-335
Myanmar 5% broken
405-415
Cambodia 5% broken
425-435
Uruguay 5% broken
535-545
Argentina 5% broken
530-540
340-350
315-325
295-305
335-345
460-470
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Thailand parboiled 100% stxd
365-375
415-425
570-580
545-555
Vietnam Jasmine
455-465
NQ
NQ
835-845
315-325
Brokens
Thailand A1 Super
280-290
350-360
NQ
335-345
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Experts have noted that delayed planting and unevenly distributed rains across the country are
likely to hamper the 2015-16 rice production though the on-going kharif rice acreage is ahead of
last year as on August 21, 2015, according to local sources.
Total rice planted area stood at around 33.36 million hectares as of August 21, 2015, up about
4% from around 33.21 million hectares planted during the same time last year. However,
according to data from the Agriculture Ministry, planting has been lagging from normal acreage
(by this time of the year) in the states of Chhattisgarh, West Bengal and Odisha by around 5.6%,
19% and 27.5% respectively. Overall, the kharif rice planting area is lagging behind the normal
by about 14% from the normal area of around 38.83 million hectares.
Meanwhile, the Indian Meteorological Department (IMD) has forecast a 16% deficit in the
rainfall during the second half (August-September) of the monsoon season (June-September).
The weather bureau forecasts August to receive 10% deficit rainfall and a higher deficit in
September. The south-west monsoon is deficient by about 10% between June 1 and August 24
due to the El Nino pattern, according to the IMD.
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Absolute rainfall may look good but distribution and frequency is important since sufficient
water availability is important for paddy cultivation," the Director of the Central Rice Research
Institute (CRRI) told local sources. He stated that transplanting has been delayed in several
places due to uneven rains though there is no estimate of how much area has been sown late. He
noted that in such a situation, choosing right varieties could help sustain yields. Sowing is
expected to continue till September 1, 2015.
Experts are not expecting a significant production drop despite deficient rains in Andhra Pradesh,
Telangana and Karnataka as excessive rains and consequent increase in acreage may compensate
the shortfall.
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The Kuwait Fund for Arab Economic Development (KFAED) has signed an agreement with the
government of Chad to provide about 4 million Kuwaiti Dinars (around $13.6 million) to help
boost rice production in Chad, according to local sources.
The financial assistance from Kuwait will be specifically used to support the Rice Production
Development Project in the Plain of Chari-Logone by constructing about 10 water irrigation
schemes. The Project aims to help irrigate about 400 hectares of rice land in the Chari-Logone
and thereby help increase rice production, improve farmers' incomes as well as support the
government's food security strategy.
The loan from the KFAED will cover about 80.3% of the total cost of the project and the
remaining shall be borne by the government of Chad, according to local sources. The loan bears
an interest rate of 1.5% per annum and has to be repaid in 44 semi-annual instalments.
The KFAED had earlier provided four loans of around 12.3 million Kuwaiti Dinars (around
$41.82 million) to the Chad government to improve agriculture.
Chad's Minister of Planning and International Cooperation and the Deputy Director-General of
KFAED reportedly signed the loan agreement.
According to USDA, Chad produced about 114,000 tons of milled rice and imported around
30,000 tons in 2013-14 (October - Spetember) to meet a consumption demand of around 144,000
tons.
Chicago rough rice futures for Nov delivery settled 5.5 cents per cwt (about $1 per ton) lower at
$11.625 per cwt (about $256 per ton). The other grains finished the day with mixed results;
Soybeans closed about 0.4% higher at $8.7775 per bushel; wheat finished about 1.7% lower at
$4.9950 per bushel, and corn finished the day about 0.9% lower at $3.7700 per bushel.
U.S. stocks jumped about 1% or more on Tuesday, attempting a bounce after the Dow's worst
three-day point drop in history, as a recovery in oil prices and overnight easing in China helped
investor sentiment. The major averages more than halved losses after rebounding in morning
trade, with the Dow up only about 200 points after earlier gaining as much as 441 points. The
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S&P 500 also pared gains to dip in and out of correction territory. However, the gains fell short
of recouping Monday's more-than-3.5% plunge and the Dow remains on pace for its biggest
monthly percentage loss since February 2009 and the Nasdaq since 2008.
The S&P 500 is on track for its largest percentage loss since May 2010. U.S. stock index futures
extended gains after the Chinese central bank announced plans early in the morning ET to cut its
one year lending rate to 4.6%, which the People's Bank of China said was provide long-term
liquidity and help support the economy. Housing data out Tuesday missed expectations slightly
but continued to indicate strength in the market. New home sales figures for July came in at an
annual rate at 507,000. The Case-Shiller home price indices for June showing home prices rose
less than expected.
The Dow Jones Industrial Average traded up 345 points, or 2.18%, at 16,216. The S&P 500
traded up 43 points, or 2.25%, at 1,935, with information technology leading all 10 sectors
except utilities higher. Consumer discretionary and health care are the only sectors positive yearto-date. The Nasdaq traded up 150 points, or 3.32%, at 4,676. The iShares Nasdaq
Biotechnology ETF (IBB) gained more than 4 percent. Gold is trading about 1.2% lower, crude
oil is seen trading about 1.9% higher, and the U.S. dollar is seen trading about 1.2% higher
about 2:45pm Chicago time.
Monday, there were 2,612 contracts traded, up from 2,026 contracts traded on Friday. Open
interest the number of contracts outstanding on Monday decreased by 33 contracts to 10,794.
The Philippines is aiming to produce about 20.09 million tons of paddy rice in 2016, up about
6.5% from an estimated 18.86 million tons this year, according to Reuters.
The country is likely to miss its target of 20 million tons this year due to extended drought
conditions. The Philippine Statistics Agency (PSA) estimates the country's 2015 paddy output at
around 18.86 million tons, about 6% below the targeted 20.08 million tons and slightly down
from last year's output of 18.97 million tons.
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The Food Security Chief told reporters that the government is finalizing plans to buy an
additional 250,000 tons of rice before the end of this year. It is also reviewing the latest
production forecast for 2015 to assess the need to import more rice in case the El Nio
intensifies.
The Agriculture Secretary hinted at the need for importing rice in the beginning of 2016 to
ensure adequate stocks during the lean season (July - September).
The National Food Authority (NFA) has already imported 750,000 tons of rice (200,000 tons
from Thailand and 550,000 tons from Vietnam) under government-to-government deals to
ensure adequate stocks in the lean season (June September). It has also allowed the private
traders to import 805,200 tons of rice under the WTO minimum access volume (MAV) rule. The
NFA is still authorized to import another 250,000 tons in case of adverse weather conditions.
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Spanish quotations for both paddy and milled rice remained relatively stable during the week
August 3 - August 9, 2015 compared to those in the week July 27 - August 2, 2015, according to
data released by the Ministry of Agriculture.
The data shows that Indica paddy in Badajoz grain exchange was firm at 280 euros (about $307)
per ton during the two weeks. Indica paddy in Sevilla grain exchange was also firm at 286 euros
(about $314) per ton on both weeks.
Japonica paddy in Badajoz grain exchange did not move from 290 euros (about $318) per ton
during these two weeks. Japonica paddy in Sevilla grain exchange was firm at 286 euros (about
$314) per ton on both weeks.
Milled rice in Tarragona was out at 580 euros (about $636) per ton during both the weeks. Milled
rice in Valencia also remained firm at 597 euros (about $655) per ton on both weeks.
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Chicago rough rice futures for Sep delivery are currently paused 1.5 cents per cwt (about $0.33
per ton) lower at $11.380 per cwt (about $251 per ton) ahead of floor trading in Chicago. The
other grains are seen trading higher ahead of early morning action; soybeans are currently seen
trading about 1.5% higher, wheat is listed about 1.3% higher and corn is currently noted about
1.4% higher.
U.S. stock index futures pointed to a sharply higher open on Tuesday, recovering from the
plunge seen in global stocks on Monday as mayhem in Chinese markets and interest rate fears
dominated markets. Dow futures briefly rose more than 600 points in premarket trading,
implying a 467 point bounce at the open and shrugging off deeper selling in China. Futures
extended gains after the Chinese central bank announced plans to cut its one year lending rate to
4.6%, which the People's Bank of China said was provide long-term liquidity and help support
the economy.
Equity markets in China fell further in the final hour of trading on Tuesday, with the Shanghai
Composite settling below the key 3,000 mark, to end the day down 7.6%.European equities
bucked the weakness seen in Asia, trading firmly in the green. The pan-European Stoxx 600
surged over 4%, with French, German and U.K. stocks all up between 3.5 and 4.5%. Basic
resources stocks were the key outperformer, shooting around 7% higher. On the data front, there
are a flurry of housing market indicators due Tuesday, with the Case-Shiller home price indices
for June showing home prices rose less than expected. Gold is currently trading about 0.2%
lower, crude oil is seen trading about 3.7% higher, and the U.S. dollar is currently trading about
0.8% higher at 8:15am Chicago time.
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Vietnam rice exports to Africa increased about 52% to around 525,896 tons in the first seven
months of 2015 from around 345,984 tons exported during the same time last year, local sources
quoted the Ministry of Industry and Trade.
Sources from the Ministry's Department of told local sources that Vietnam's rice exports to
Africa in the first seven months account for about 16% of total rice exports. Ghana, Ivory Coast,
South Africa and Algeria remained major buyers from Africa so far this year, according to the
Ministry sources. The increase in exports to African nations is attributed to lower prices of
Vietnam rice compared to those of Thailand and India.
Currently Vietnam 25% broken rice is quoted at around $320 per ton compared to Thai 25% and
India 25% at around $345 per ton and around $340 per ton respectively. On the other hand,
Vietnam 5% broken rice is quoted at around $330 per ton compared to Thai 25% and India 25%
at around $360 per ton and around $365 per ton respectively.
The sources also noted that Vietnam exported about 21,419 tons of rice worth $12 million to the
U.A.E. during January - July 2015, up about 375 from last year.
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Vietnam exported about 3.343 million tons of rice in January 1 - August 13, 2015, down about
22% from about 4.26 million tons of rice exported in first eight months of 2014, according to
data from the Vietnam Food Association (VFA). The average rice export price so far in this year
stands at about $414 per ton (FOB), down about 4% per ton from about $431 per ton recorded
during same last year.
Star chef, Anthony Boucherm and his friend Laurianne Fert d'Hoir have recently opened an
exclusive rice restaurant called 'Rice Trotters;' in Rue Du Colise, Paris, according to local
sources.
Four different dishes from all the world as well as risotto will be served everyday. The restaurant
is basically targeting various international tourists, according to local sources.