Information produced some countries rice consumption 2nd week of the month 5/2015
Information produced some countries rice consumption 2nd week of the month 5/2015
Thai 5% broken rice was 370-380 USD / ton, down 5 USD / ton over the past week and higher than the same variety Vietnam 20 USD / ton price currently 350-360 USD / ton. India 5% broken rice price now 370-380 USD / ton, higher than Pakistani rice 5 USD / ton price currently 375-385 USD / ton. Thai 25% broken out Price 350-360 USD / ton, higher than the same variety Vietnam 20 USD / ton price of 330- 340 USD / ton. India 25% broken rice price 345-355, Pakistan rice is higher than USD 15 / ton price currently 330-340 USD / tấn
1.Thai Lan
USDA forecast Thailand will export 11 million tonnes in 2015 and are expected to increase in the last 6 months by freeing government stockpile. Which would account for 30% parboiled rice by Nigeria in high demand. However, price competition between Thai rice and Vietnamese rice will continue to put pressure on world rice prices. In Q1 2015, Thailand exported 2.1 million tonnes, down 4% from the same period last year due to competition from Vietnam rice.
The Thai government has sold 1.3 million tons of rice reserves, worth 16 billion baht (499 million dollars) in the first quarter quarter / 2015. However the total number is lower than expected from 3 million tonnes.
The government has issued a series of policies to support rice farmers, including: commitment to support farmers rice prices (although lower than the previous Yingluck government), supporting farmers' incomes (Income Support Measure norm 192 USD / ha to 3.6 million farmers, with a budget of US $ 1.2 billion), the program supports non-agricultural employment (Off-farm Employment Assistant Program to help farmers in the lack of water), rice Insurance Program (support to farmers hit by natural calamities), and the program supports bank lending rates (business support for temporary storage buy rice).
Thailand Economy Ministry agreed distribute discount cards or coupons for rice farmers to buy items from as seed and fertilizer. This discount method is more effective than the form of cash benefits to farmers. Thailand's Prime Minister has instructed the Ministry of Agriculture and Cooperatives implement this program. The Thai government also plans to mobilize rice farmers switch to sugarcane in order to stabilize the price of rice. The government is also providing 1 million baht ($ 29,933) to support 3,000 rice farmers village with drought
2. Indonesia
Indonesia's rice stockpile enough 6-7 months. The Government is reviewing domestic rice production before deciding on rice imports, Bloomberg quoted the minister coordinating economic issues, said.
Indonesia's main rice crop harvested from March to June, and rice imports are expected to be determined in June or July.
3. India
USDA forecasts India can be drought reduced rice production, 4/2015 In November, India Meteorological Department (IMD) forecast in 2015 only 93% of rainfall compared with normal levels, with an error of 5%. The USDA forecast for rice production 2014/15 crop year (October / 2014-9 / 2015) was 102.50 million tons, 106.54 million tons lower than the previous season. Rice exports fell 2014/15 crop year to 8.5 million tonnes compared with 10.2 million tonnes of 2014/15 crop year
Indian rice wholesale price 436 USD / ton in May 4/2015, down 2% compared to 445 USD / ton month 3/2015, and decreased 12% compared to 498 USD / ton in March 4/2014.
