Professional Documents
Culture Documents
Rice E-Newsletter
April 18,2016
Vol 7,Issue IV
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Vietnam 5% broken
365-375
India 5% broken
370-380
Pakistan 5% broken
345-355
Myanmar 5% broken
415-425
Cambodia 5% broken
445-455
Uruguay 5% broken
435-445
Argentina 5% broken
415-425
360-370
350-360
310-320
325-335
470-480
370-380
NQ
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480-490
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490-510
Vietnam Jasmine
440-450
NQ
NQ
760-770
330-340
Brokens
Thailand A1 Super
285-295
345-355
NQ
315-325
An expected above-normal monsoon in 2016 is likely to boost rice production in the country, the
Economic Times quoted an official from the Indian Meteorological Department (IMD).
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The Deputy Director General Meteorology, at the IMD, told reporters that the country is likely to
get bumper production of rice, oilseeds and pulses, as well as set stage for excellent rabi
production. "The overall framework is very positive now. We can see a bumper production of
rice this year," he said.
Another senior meteorologist noted that rains during the kharif (June - December) sowing time
followed by rains that are spatially and temporally well distributed are good for Indian
agriculture.
The Agriculture Secretary also told reporters that based on the IMD forecast, the government is
expecting a good monsoon this year after two years of an El Nino-induced drought conditions.
"Weather inclemency has led a drop in food products and food grains, and therefore our strategy
this year is to ensure that we surpass the production figure of the previous year, he said.
Global weather agencies are also predicting the El Nino weather conditions are retreating and La
Nina conditions are likely to develop in early summer of the Northern Hemisphere. La Nina
conditions normally bring above-normal rains to India, according to IMD officials.
India Rice Sellers Lower Some of Their Quotes; Other Asian Rice Quotes
Unchanged Today
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Thailand parboiled rice was last indicated at around $370 - $380 per ton. India parboiled rice is
indicated at around $335 - $345 per ton, about $70 per ton discount to Pakistan parboiled rice
last shown at around $405 - $415 per ton.
100% Broken Rice
Thailand broken rice, A1 Super was last indicated at around $330 - $340 per ton, about $10 per
ton discount to Vietnam 100% broken rice shown at around $340 - $350 per ton. India's 100%
broken rice is shown at around $275 - $285 per ton, about $10 per ton discount to Pakistan
broken sortexed rice shown at around $285 - $295 per ton.
The USDA Post expects Ecuador trader to import around 50,000 tons of rice from the
neighboring country Peru informally in MY 2016-17 (April - March) as the government
promotes rice self-sufficiency and allows for imports officially only in case of weather induced
bad harvests. The depreciation of the Peruvian currency is one of the reasons encouraging
arbitrage border trade, says the Post.
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The Post says in rice imports in Ecuador require a cumbersome inter-agency approval process.
Based on information from local sources, the Post reports that rice imports from outside the
Andean Community (a customs union comprising the South American countries of Bolivia,
Colombia, Ecuador, and Peru) are subject to a combined 68% import tariff plus an additional
40% import surcharge/special safeguard. The government is understood to restrict imports to
address imbalances in the country's balance of payments. The Andean Price Band System
(ABPS) currently sets a floor price of $536 per ton and a ceiling of $610 per ton respectively for
exports and imports.
According to the Post, Ecuador exports rice to Colombia and Peru, occasionally depending on
the exchange rate value. However, Ecuador did not export any rice in MY 2015-16 reportedly
due to better domestic prices, says the Post. It expects the country not to export about 1,000 tons
of rice to neighboring countries in MY 2016-17 due to strong dollar. It expects official exports to
Colombia to be nil, though it expects Peruvian rice to be transhipped through Ecuador enroute to
Colombia.
The Post forecasts Ecuadors milled rice production in MY 2016-17 at around 660,000 tons,
down about 12% from an estimated 750,000 tons in MY 2015-16 due to a reduction in planted
area. Farmers have reportedly delayed plantings as a precaution against the 2015-16 El Nio
phenomenon. Lower prices also prompted a reduction in planting area, says the Post.
As the country is facing an economic slowdown, the Post expects domestic rice consumption to
decline by about 5% y/y to around 735,000 tons in MY 2015-16.
USDA Forecasts 2016 Global Rice Trade to Decline 2% y/y to 41.7 Million
Tons
Apr 15, 2016
In its April 2016 Rice Outlook report, the USDA forecasts 2016 global rice trade at around 41.7
million tons, down about 2% from an estimated 42.45 million tons in 2015, and almost
unchanged from last month's forecast.
Weaker shipments from Australia, India, Cambodia, and the U.S. will not be fully offset by
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increased shipments from Argentina, Pakistan, Thailand, and Uruguay, says the USDA. On the
import side, weaker purchases by Bangladesh, China, Cote dIvoire, the EU, Nigeria, and Sri
Lanka are not expected to be fully offset by larger purchases by Brazil, Indonesia, and Iran,
according to the USDA.
The USDA forecasts lower exports from Cambodia, India and China. It forecasts Pakistan's 2016
rice exports to decline to around 4.4 million tons due to smaller supplies resulting from likely
lower production. It expects India's 2016 rice exports to decline about 19% y/y to around 9
million tons. The USDA lowered export forecasts for Egypt's 2016 rice exports to 250,000 tons
based on a recent decision to ban exports starting this month.
On the 2016 import side, the USDA forecasts imports from Senegal and Turkey to decline about
1% and 22% to around 985,000 tons and 200,000 tons respectively. It forecasts imports from
Brazil increase over twice to around 800,000 tons due to lower domestic supplies.
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Meanwhile, Vietnam's paddy rice output is likely to drop by about 0.5% to around 28 million
tons this year due to dry weather and the government plans to reduce paddy acreage.
ORYZA News have been published with permission of ORYZA.com with thanks
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