Beruflich Dokumente
Kultur Dokumente
January 14,2016
Vol 6,Issue I
www.ricepluss.com
www.riceplusmagazine.blogspot.com
The aim of the SATHA Seminar is to highlight critically important but generally neglected area
of Science, Technology and Innovation Policies and Practices in Pakistan. The seminar will
bring attention of stakeholders towards the undeniable role of science, technology and innovation
for the socio-economic development of the country and hence, will advocate promotion of
research and innovation for the benefit of the industry and public at large.
Tentative Program
10:30am:
11:00am:
11:10am:
Contact:
Wholesale basmati rice prices have declined today due to sluggish demand from traders,
according to the Press Trust of India (PTI).
On January 13, 2016, prices of Pusa 1121 declined to around Rs.4,250 - 4,900 per quintal
(around $637 - $734 per ton) from previous quotes of around Rs.4,350 - 5,000 per quintal
(around $652 - $749 per ton).
Prices of common basmati rice declined to around Rs.5,300 - 5,400 per quintal (around $794 $809 per ton) from the previous level of around Rs.5,400 - Rs.5,500 per quintal (around $810 $825 per ton).
However, traders attributed the decline in wholesale basmati prices to subdued demand from
retailers.
Vietnam 5% broken
350-360
India 5% broken
355-365
Pakistan 5% broken
330-340
Myanmar 5% broken
410-420
Cambodia 5% broken
425-435
Uruguay 5% broken
495-505
Argentina 5% broken
490-500
340-350
340-350
305-315
325-335
485-495
355-365
405-415
500-510
520-530
Vietnam Jasmine
440-450
NQ
NQ
745-755
315-325
Brokens
Thailand A1 Super
285-295
350-360
NQ
295-305
The European Union's (EU) rice imports from the Least Developed Countries (LDCs) of Asia
such as Cambodia and Myanmar under the Everything But Arms (EBA) Agreement have
reached around 116,697 tons in the first four months of the crop year 2015-16 (September December 2015), up about 42% from around 82,477 tons imported during the same period last
year, according to data from the European Commission (EC).
The EC data shows that imports from Cambodia (which account for about 84% of total imports
from Asian LDCs in September December 2015) increased about 44% to around 98,301 tons
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Oryza CBOT Rough Rice Futures Recap Chicago Rough Rice Futures Tumble as
Market Digests Bearish USDA S&D Outlook;
Corn and Beans Follow through Buying
while Wheat Slips
Jan 14, 2016
Chicago rough rice futures for Mar delivery settled 41.5 cents per cwt (about $9 per ton) lower at
$11.300 per cwt (about $249 per ton). The other grains finished the day with mixed results;
Soybeans closed about 0.6% higher at $8.8000 per bushel; wheat finished about 0.7% lower at
$4.7800 per bushel, and corn finished the day about 0.4% higher at $3.5800 per bushel.
U.S. stocks traded lower Wednesday as low oil prices and consumer discretionary stocks
weighed. WTI crude oil futures tried to hold slightly higher near $30.50 a barrel after briefly
falling below the psychologically key $30 level Tuesday and hitting a fresh 12-year low. Brent
traded lower, also near $30.50 a barrel. China's crude oil imports hit a record high in December,
while copper imports were the second highest on record, according to customs data. Overall
Chinese exports and imports fell by less than expected in December, leaving a trade surplus of
over $60 billion for the month, the data showed. The economy likely had its weakest annual
growth in 25 years. China GDP data is expected next week. The Shanghai composite stock index
erased early gains to close 2.4% lower, while Asian markets mostly closed higher on
Wednesday. European stocks pared gains to end mixed. In midday trade, the Dow Jones
industrial average declined 96 points, or 0.59%, to 16,418. The S&P 500 fell 11 points, or
0.58%, to 1,927, with consumer discretionary leading eight sectors lower and utilities and
telecommunications the only gainers. The Nasdaq composite declined 46 points, or 0.98%, to
4,638. Gold is seen trading about 0.3% higher, crude oil is seen trading about 0.8% lower, and
the U.S. dollar is seen trading about 0.1% higher at about 1:00pm Chicago time.
Tuesday, there were 471 contracts traded, up from 355 contracts traded on Monday. Open
interest the number of contracts outstanding on Tuesday increased by 99 contracts to 13,469.
European paddy quotes showed no substantial movements during the week December 29, 2015 January 05, 2016, according to the European quotations supplied by the European Commission
(EC) on January 5, 2016. Official paddy quotes were not available in some countries.
Below are the European quotations supplied by the EC on January 5, 2016.
SPAIN - Japonica paddy slightly decreasing at 291 euros (about $ 315) per ton, down from 294
euros (about $ 319) per ton on December 29, 2015. Indica paddy was fixed at 256 euros (about $
277) per ton, slightly decreasing from 255 euros (about $ 276) per ton of the previous week.
Milled Japonica rice quoted 587 euros (about $ 637) per ton, unchanged.
PORTUGAL - Portuguese paddy varieties received no quotations.
GREECE Greek paddy varieties received no quotations.
ROMANIA - Prices were fixed only on January 5: Japonica paddy was out at 320 euros (about
$ 347) per ton and Indica paddy at 327 euros (about $ 354) per ton. As for milled rice, no quotes
were indicated.
BULGARIA - Japonica paddy quotations are firm at 294 euros (about $ 319) per ton. Japonica
milled rice prices are unchanged at 872 euros (about $ 946) per ton.
FRANCE - No variety of milled rice was quoted on January 5, 2016; on December 29, 2015
round milled rice was out at 620 euros (about $ 672) per ton, Long A at 600 euros (about $ 651)
per ton, Long B at 610 euros (about $ 662) per ton.
The government of Cambodia should invest about $550 million the rice production and supply
chain to achieve the one million ton export target, local sources quoted an official from the
Cambodia Rice Federation (CRF).
The Food Corporation of India (FCI), the nodal agency for food grain procurement and
distribution has procured around 20.81 million tons of rice as of January 12, 2016 in KMS 201516 (October 2015 - September 2016), up about 32% from around 15.74 million tons last year, the
Economic Times quoted a news release by the Food Ministry.
Paddy procurement is said to have increased in this season despite the country receiving belowaverage monsoon rains in 2015 due to a decline in prices of common variety of rice in various
markets across the country.. The major increase in procurement of paddy has taken place in
Punjab, Haryana, Chhattisgarh, Andhra Pradesh, Odisha and Uttar Pradesh, according to the
news release.
Based on the current pace of procurement, analysts have forecasted that government's rice
procurement in KMS 2015-16 may exceed last year's level of 32 million tons. The government
of India is planning to procure around 30 million tons of rice in the KMS 2015-16.
Food Ministry sources noted that the government of India provided an additional funding of
Rs.10,000 crore to the FCI this month to ensure that it has sufficient funds to pay to the farmers
and the state government agencies for procurement of paddy.
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The U.S. cash market was materially weaker today, a day after the USDA increased their
2015/2016 long grain ending stocks estimate by 2.2 m cwt to 23.0 m cwt from last months
report.
Analysts note that many farmers were hopeful that this months report would be friendly to
prices however the large and somewhat questionable 6.0 m cwt reduction in domestic and
residual use shattered those hopes.
Meanwhile, high water levels on the Lower Mississippi River continues to hamper barge loading
operations and at least one a river closure was reported yesterday after a tow hit a bridge in
Vicksburg, MS, sinking some of the barges it was moving.
Re-Seeding of Paddy Acquired from NonSeeding Companies Not Allowed, Says Italian
Ministry
Jan 13, 2016
The Italian Ministry of Agriculture and Forestry (MIPAAF) has reportedly announced that paddy
acquired from non-seed breeding companies will not be allowed in Italy.
However, the MIPAAF has clarified that the paddy grown in one's own farm can be used for reseeding purposes.
The Ministry noted that the Ente Risi (ENR), the National Agency for Rice, must promptly
report any detected anomaly to the Central Inspectorate for the prevention of Fraud, which will
carry out controls during the marketing phase.
In its January 2016 World Agricultural Demand and Supply Estimates (WASDE) report, the
USDA raised estimates for the U.S. all rice supplies to around 12.02 million tons, up from its
last month's forecast of 11.97 million tons due to an expected increase in all rice production.
However, the supplies are estimated to be lower from last year's 12.56 million tons. While
supplies of long-grain rice are expected to be unchanged at last months 8.16 million tons,
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Vietnam rice sellers increased their quotes for Jasmine rice by about $15 per ton to about $440$450 per ton today. Other Asia rice sellers kept their quotes unchanged today.
5% Broken Rice
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The Office of the Attorney General (OAG) sued another seven individuals in the rice pledging
case, according to local sources.Newly accused are executive in rice mills who are reportedly
known to have colluded with the former Commerce Minister related to a government-togovernment (G2G) deal between the Thai and Chinese governments.Public prosecutors filed
their petition with the Supreme Court's Criminal Division for Political Office Holders against the
private-company executives, who are understood to have bought rice from government stock,
supposedly to be delivered to China, and sold in the Thai local markets.The OAG already filed
the charges against the 21 individuals, including the former Commerce Minister, based on the
advice of the National Anti-Corruption Commission (NACC). They were reportedly accused of
helping two Chinese companies, which were reportedly not authorized by the Chinese
government, to seal G2G contracts for about 1.2 million tons of rice with the Thai government
without participating in a bid. The 21 individuals are said to have violated the Criminal Code, the
Public Competitive Bidding Act and the Anti-Corruption Act. The Supreme Court is hearing the
evidences related to the case.
Exclusive News have been shared with written permission of ORYZA.com with thanks
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