RICE MARKET NEWS
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by Eddy Rice
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Oryza Global Rice Prices
August 17, 2011
Long grain white rice
Thai 100% B 590 - 600 ↑
Viet 5% 555 - 565 ↑
Indian 5% NQ ↔
Paki 5% 495 - 505 ↔
US 4% 590 - 600 ↓
Uruguay 5% 570 - 580 ↑
Argentina5% 570 - 580 ↑
...read more
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by Eddy Rice
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The government will start its rice mortgage programme in November, Deputy Prime Minister and Commerce Minister Kittiratt Na-Ranong said on Wednesday.
Mr Kittiratt was speaking after arriving at the Ministry of Commerce this morning for his first day at work.
He told reporters at the ministry...read more
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by Eddy Rice
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New Delhi: More export of non-basmati rice may be allowed to prevent a storage crisis when summer crops start flooding the market by October.
The food ministry, whose recommendation is crucial to grain exports, is in favour of more non-basmati rice shipments, as the country is expecting a record...read more
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by Eddy Rice
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Yangon, Aug 16 (IANS) The Myanmar government has exempted commercial tax for exporters for six months to encourage export, Xinhua reported Monday.
The exemption will be effective from Aug 15, 2011 to Feb 14, 2012. The export items covered by the exemption are rice, beans pulses, maize, sesame,...read more
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by Eddy Rice
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Vietnam is expected to produce a record 41 million tons of rice paddy this year, up about 2.6% percent from last year. That equates to roughly 25 million tons of milled rice. Vietnam plans to export over 7 million tons of rice this year after exporting about 6.5 million tons last year and about 6...read more
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by Eddy Rice
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Cambodians, tired of discounting their rice to Thai and Vietnamese cross border traders, have signed a deal with the Chinese to ship 200,000 tons a year of Cambodian rice. Originating Cambodian rice at deeply discounted values and then pushing it out has been a good, profitable business for many...read more
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by Eddy Rice
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by Eddy Rice
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http://gain.fas.usda.gov/Recent%20GAIN%20Publications/Rice%20Price%20-%20Weekly_Bangkok_Thailand_8-9-2011.pdf http://gain.fas.usda.gov/Recent%20GAIN%20Publications/Rice%20Price%20-%20Weekly_Bangkok_Thailand_8-9-2011.pdf
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by Eddy Rice
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BANGKOK, Aug 15 — Thailand’s new government wants to implement within six months the policies promised during its election campaign such as a minimum wage of 300 baht (RM30) per day and a higher guaranteed farmgate price for rice, a deputy prime minister said today.
“Within six months, the Thai...read more
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by Eddy Rice
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A tumble in rice shipments from Thailand, the world's top exporter, may prove even deeper than the 20% signalled by updated official US forecasts, thanks to a controversial state hoarding programme.
The US Department of Agriculture, in its much-watched Wasde crop report on Thursday, cut by 2.0m...read more
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by Eddy Rice
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US rice futures finish higher on worries the USDA will tighten its outlook for domestic supplies in Thursday's highly anticipated crop report. Rice has come under stress in some areas from hot weather this summer and excessive rains in the spring. The risk for inventories to tighten looks high as...read more
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by Eddy Rice
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Since early August this year, rice prices in the Mekong Delta have touched record high levels since the last two decades.
Summer-autumn rice prices hit record high in 20 years (Photo: SGGP)
Traders are offering farmers in the delta region as high as VND6, 300-6,400 for a kilogram of...read more
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by Eddy Rice
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VietNamNet Bridge – For the first time in the last many years, the summer-autumn rice price does not decrease, even though it is now the highest harvesting season. The price keeps the upward trend, bringing more profits to farmers.
Vietnamese farmers now can sell rice well thanks...read more
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by Eddy Rice
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Rice
US rice futures slip as widespread selling of commodities and equities drag down the grain markets. The market succumbs to spillover pressure but avoids steep losses due to concerns about output. Traders are waiting for the USDA to update its global supply-and-demand estimates in a monthly...read more
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by Eddy Rice
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http://gain.fas.usda.gov/Recent%20GAIN%20Publications/Rice%20Price%20-%20Weekly_Bangkok_Thailand_8-2-2011.pdf
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by Eddy Rice
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By Pham Thai - The Saigon Times Daily
HCMC – Expectations of market rallies buoyed by the Pheu Thai party’s pledges to buy rice from farmers at much higher prices and a record rise in rice export contracts in July have led Vietnam prices to soar, delivering a surprise blow to exporters.
Ba...read more
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by Eddy Rice
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The Hoa Lu – Trapeang Sre border gate between Vietnam’s southern Binh Phuoc Province and Cambodia’s Trapeang Sre Province was opened to traffic yesterday, under the Road Transport Agreement between the two countries.
Bui Van Thach, deputy head of the provincial People’s Committee, said...read more
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by Eddy Rice
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by Eddy Rice
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The Bank for Agriculture and Agricultural Cooperatives budgets up to 100 billion baht to buy paddy rice under the mortgage scheme of the new government.
However, the state bank said the government could save a huge amount of money by buying only as much rice as needed to raise market...read more
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by Eddy Rice
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US rice futures finish slightly higher in a rebound from a 3-week low. Other grain markets, including corn and wheat, also shook off earlier losses as crude oil and equities recovered. The focus on external markets overshadowed planting data indicating output could rise in India. Its farm ministry...read more
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by Eddy Rice
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HCM CITY — Thai rice exporters are looking for alternative sources of supply in Viet Nam and Cambodia in case the new government makes prices too high for export.
The Thai Rice Exporters Association (TREA) has been crying foul about the newly-elected Pheu Thai's announced policy to allow farmers...read more
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by Eddy Rice
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Thai rice exporters are already looking for alternative supplies from Vietnam and Cambodia in case the new government makes the price too dear for export, which could halve volume to only 5 million tonnes next year for a revenue loss of 60-70 billion baht.
The Thai Rice Exporters Association...read more
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by Eddy Rice
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Many Thais revere Me Posop, the rice goddess who guards humankind and rewards good stewards of her grain. Me Posop has been kind to Thailand in recent decades.
While its neighbors Vietnam, Myanmar, Cambodia, and Laos struggled through war, Marxist-Leninism, and authoritarian rule, Thailand...read more
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by Eddy Rice
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Toyota Tsusho, the trading arm of Japan's Toyota Motor Corporation, has teamed up with Thailand's Huay Chuan Rice Co to cash in on Cambodia's growing rice industry.
according to mr. Chookiat from the Thai rice export : Cambodian market opening up
The alliance, which includes Malaysian...read more
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by Eddy Rice
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http://www.fao.org/economic/est/publications/rice-publications/rice-market-monitor-rmm/en/
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