May 24, 2013
Oryza U.S. Rough Rice Recap – Cash Offers Increase as Rice Stocks Tighten; Bids Hold Steady
As of today, offers from farmers increased to around $16.25-$16.50 per cwt fob farm (about $358-$364 per ton) for 50 pounds of whole rice or better for May-June shipment while offers from resellers increased with the futures market to comparable levels.Bids...
May 24, 2013
Oryza Afternoon Recap – Chicago Rough Rice Futures Finish Week with Impressive Gain
Chicago rough rice futures for July delivery settled 16 cents per cwt (about $4 per ton) higher at $15.715 per cwt (about $346 per ton). Rough rice futures continued sharply higher again today, adding to gains earned over the previous two sessions. The market...
May 24, 2013
Oryza FX – Mexico Peso Down 1%
U.S. dollar index was down -0.24% from the open today, when it traded at 83.607 at the close.Euro was practically unchanged by the close, trading around 1.2935 by end of day.Thai baht closed the day -0.11% weaker, trading at 29.95 at the close of business...
May 24, 2013
India Rice Bran Oil Production Grows 32% in 2004-2013, But Industry Faces Challenges to Sustain Growth
India is one of the world’s largest consumers of edible vegetable oil, producing around 8.2 million tons and importing around 11 million tons annually to meet domestic demand. In this context, the growing popularity of rice bran oil in the country is a welcome...
May 24, 2013
Saudi Arabia 2012-13 Rice Imports Forecast at 1.3 Million Tons
Saudi Arabia’s rice imports are expected to reach above average levels of around 1.3 million tons in 2012-13 (July-June), according to a report by the UN’s Food and Agriculture Organization (FAO). It is estimated that Saudi Arabia imported around 1.2 million tons...
May 24, 2013
Thailand Rice Convention 2013 Will Showcase Thailand’s Rice Leadership, Says Commerce Minister
The 6th Thailand Rice Convention 2013 (TRC 2013) will help Thailand showcase its leadership in rice exports, the Commerce Minister told state media this week. He said, “TRC 2013 will convince the international community about Thailand’s readiness to be the rice...
May 24, 2013
Argentina Exports 66,575 Tons of Rice in January – February 2013; Down 20% from Last Year
Rice exports by Argentina in the first two month of 2013 stand at around 66,575 tons, down about 20% from around 83,269 tons exported during the same period in 2012, according to data from the Ministry of Agriculture. Rice exports by the South American country...
May 24, 2013
Philippines Holds Contests to Improve Rice Yield, Reduce Contraband Imports
Two contests have been announced in the Philippines in which rice farmers will be rewarded if they improve rice yields and reduce production costs. The first nationwide contest, announced by the Philippines Rice Research Institute (PhilRice), aims at reducing...
May 24, 2013
Thailand Rice Sellers Lower Hommali Rice Quotes Today
Thailand rice sellers lowered their quotes for Hommali rice by about $5 per ton to about $1,110 - $1,120 per ton today. Other Asia rice sellers kept their quotes unchanged.5% Broken RiceThai 5% rice is quoted around $520 - $530 per ton, about a $145 per ton...
May 24, 2013
EU Bans Three Neonicotinoid Pesticides; Asia Governments Remain Oblivious
The European Union has approved the ban on use of three pesticides of the neonicotinoid family (clothianidin, imidacloprid and thiametoxam) on fruit and cereal plants that attract bees to protect honey bees and their ability to pollinate. The ban will come into...
May 24, 2013
Oryza Overnight Recap – Chicago Rough Rice Futures Move Slightly Higher Overnight on Follow-through Buying After Prices Close Above 50-day Moving Average
Chicago rough rice futures for July delivery were paused 2 cents per cwt (about $0.44 per ton) higher at $15.575 per cwt (about $343 per ton) as of 8:15am Chicago time. The other grains are seen mostly lower during this morning break ahead of floor trading in...
May 24, 2013
Oryza Quick Glance at World News
Financial Times –*Procter & Gamble’s embattled chief executive Bob McDonald is stepping down and will be replaced by predecessor A.G. Lafley after a period of weak performance that disappointed investors.*The U.S. Federal Trade Commission has begun an...
May 23, 2013
Oryza Rice Recap - Toxic or Not, China Please Tell Us How Much Rice You Really Have!
With news of China’s toxic cadmium rice, ideas of increased demand from neighboring countries like Vietnam, Pakistan, Thailand, and India have been swirling. As Oryza discussed a couple of days ago, it’s possible that China’s loss could be Thailand’s gain if the...
May 23, 2013
Oryza U.S. Rough Rice Recap – Cash Offers Jump on Improving Long Grain Export Sales
The U.S. cash rice market was firmer today as buyer and seller price ideas increased on improving long grain exports. However seller price ideas jumped to levels that made owning futures more attractive than cash offers and as a result there was very little...
May 23, 2013
Oryza FX – Euro Up 0.6% as Investors Weigh Yesterday’s Comments from the U.S. Fed
U.S. dollar index was down -0.71% from the open today, when it traded at 83.75 at the close. The dollar was still reacting to yesterday’s ambiguous comments from the Federal Reserve on when the central bank might begin to stop its monetary easing policies....
May 23, 2013
Oryza Afternoon Recap – Chicago Rough Rice Futures Shoot Higher as Rice Supplies Dwindle
Chicago rough rice futures for July delivery settled 21.5 cents per cwt (about $5 per ton) higher at $15.555 per cwt (about $343 per ton). Rough rice futures rocketed higher today as commercial buyers returned to the market. As prices continued higher, ultimately...
May 23, 2013
Common International Organization to Promote Rice Bran Oil Globally
In the first Thailand conference rice bran oil held last week, producers of rice bran oil have agreed to establish an international organization that will be involved in the promotion of the oil and spread awareness of its health benefits.Rice bran oil is...
May 23, 2013
Philippines Customs Seizes Smuggled Rice from Vietnam, Singapore
The Philippines’ Bureau of Customs (BoC) has seized illegal shipments containing rice worth around P12 million (about $290,300) allegedly from Vietnam and Singapore. As in the past, the shipments were falsely declared as construction materials to avoid import...
May 23, 2013
Cadmium Concerns May Block Millions of Tons of Hunan Rice in China
Chinese food officials released new data yesterday to prove that only 5% of rice samples in the southern province of Guangdong contained harmful levels of cadmium (compared to around 44.4% in earlier tests) in an attempt to allay fear of consuming rice from Hunan...
May 23, 2013
Thailand Rice Quoted Lowest in Iraq Rice Tender
Thailand rice was once again quoted the lowest in the Iraq rice tender to purchase a minimum of 30,000 tons of rice which closed on May 19, 2013. According to trade sources, Thai rice was quoted the lowest at $545.59 per ton (c&f free out) for 120,000 tons....

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May 24th, 2013

Oryza Global Rice Quotes

Long grain white rice - high quality
Thailand 100% B grade 530-540 ↔
Vietnam 5% broken 375-385 ↔
India 5% broken 440-450 ↔
Pakistan 5% broken 435-445 ↔
U.S. 4% broken 625-635 ↔
Uruguay 5% broken 620-630 ↔
Argentina 5% broken 620-630 ↔
Long grain white rice - low quality
Thailand 25% broken 505-515 ↔
Vietnam 25% broken 355-365 ↔
Pakistan 25% broken 380-390 ↔
India 25% broken 390-400 ↔
U.S. Calrose 4% broken 600-610 ↔
Long grain parboiled rice
Thailand parboiled 100% stxd 550-560 ↔
Pakistan 5% broken 445-455 ↔
India 5% broken 425-435 ↔
U.S. 4% broken 620-630 ↔
Brazil Parboiled 5% broken 605-615 ↔
Uruguay 5% broken NQ ↔
Long grain fragrant rice
Thailand Hommali 92% 1110-1120 ↓
Vietnam 5% broken 480-490 ↔
India basmati 2% broken 1515 -1525 ↔
Pakistan basmati 2% broken NQ ↔
Brokens
Thailand A1 Super 490-500 ↔
Vietnam 100% broken 340-350 ↔
Pakistan 100% broken stxd 340-350 ↔
India 100% Broken stxd 315-325 ↔
Egypt medium grain brokens NQ ↔
U.S. pet food 330-340 ↔
Brazil half grain 355-365 ↔
Medium grain milled
U.S. Calrose 4% broken 685-695 ↔
Egypt medium grain 6% NQ ↔

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