Oryza Weekly: Global Rice Market Mixed Amid Large Currency Moves
The Oryza White Rice Index (WRI), a weighted average of global white rice export quotes, ended the week at about $387 per ton, down $1 per ton from a week ago, up $2 per ton from a month ago and down $25 per ton from a year ago. Gloabl rice quotes ended...
1 day 13 hours ago
Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Recover Slightly as does Corn; Beans and Wheat Add to Gains Following Yesterday's USDA Report
Chicago rough rice futures for May delivery settled 9 cents were cwt (about $2 per ton) higher at $9.780 per cwt (about $215 per ton). The other grains finished the day higher; Soybeans closed about 0.8% higher at $9.1825 per bushel; wheat finished about...
1 day 20 hours ago
Philippine Police Open Fire on Rice Farmers' Protest, Killing One
Six thousand Philippine rice farmers blocked a main highway in the North Cotabato province and attacked police with sticks and stones, protesting the loss of their crops. Reuters reports that Philippine police opened fire on the protest, killing one...
1 day 23 hours ago
South Korea Buys 7,700 Tons of Thai Rice
South Korea's Agro-Fisheries & Food Trade Corp, the state's grain buying agency purchased 7,700 tons of Thai rice, according to Reuters. This was part of the tender to purchase 22,000 tons of rice.Reuters reports South Korea also bought 44,000 tons...
2 days 33 min ago
Asia Rice Quotes Unchanged Today
Asia rice sellers kept their quotes unchanged Today.5% Broken RiceThailand 5% rice is indicated at around $365 - $375 per ton, about $10 per ton discount to Vietnam 5% rice shown at around $375 - $385 per ton. India 5% rice is indicated at around $370...
2 days 5 hours ago
Oryza U.S. Rough Rice Recap - Prices Crash after USDA Estimates a 31% Increase in LG Acreage
The U.S. cash market was materially weaker today after the USDA’s prospective planting report pegged long grain acreage at 2,452,000 acres, an increase of 31% from last year.Analysts note that going into the report most market participants had expected...
2 days 15 hours ago
Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Tumble to New Low as USDA Surprises the Market with Bearish Report; Corn Collapses while Wheat Rallies
Chicago rough rice futures for May delivery settled 34 cents percwt (about $7 per ton) lower at $9.690 per cwt (about $214 per ton). The other grains finished the day with sharply different results; Soybeans closed about 0.2% higher at $9.1075 per...
2 days 19 hours ago
Egypt Will Ban Rice Exports from April 4, Says Trade Minister
Egypt will ban rice exports from April 4, says the nation's Trade Minister. In October 2015, Egypt had lifted the export ban, citing a surplus of supplies, but it imposed a 2,000 Egyptian pound ($255 USD) per ton tariff on rice exports.Locals blame the...
3 days 2 hours ago
Vietnam Rice Sellers Lower Some of Their Quotes Today; India Rice Sellers Increase Their Quotes
Vietnam rice sellers lowered their quotes for 5% broken rice by about $5 per ton to about $375-$385 per ton today. India rice sellers increased their quotes for 5% broken rice and 100% broken rice and parboiled rice by about $5 per ton each to about $370...
3 days 3 hours ago
Experts Call for Long Term Solutions to Address Vietnam Salinity Problem
Experts noted that the Vietnamese government should focus on long-term water reserve policies in order to address the increasing salt water intrusion into the coastal provinces, according to Vietnam News.On-going drought and increasing salinity has...
3 days 5 hours ago
