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The government of Myanmar has launched a national strategic plan to increase rice acreage and
production across the country, according to local sources.According to the plan, the government
is aiming to increase paddy rice acreage to around 7.7 million hectares and increase yield to
around 4.1 tons per hectare. It is aiming to increase milled rice production to around 15.9 million
tons and export around 6 million tons by 2030.Myanmar has exported around 1.7 million tons of
rice in the fiscal year 2014-15 (April - March), up about 40% from around 1.2 million tons
exported in 2013-14.
The Myanmar Rice Federation (MRF) has expressed confidence that the country would export
about 2 million tons of rice in the fiscal year 2015-16 (April - March). The government is also
keen on increasing rice exports to around 3 million tons over the next few years and has
prioritized rice in its National Export Strategy (NES).
www.ricepluss.com & www.riceplusmagazine.blogspot.com
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Vietnam rice sellers increased their quotes for 100% broken rice by about $5 per ton to around
$310 - $320 per ton today. Other Asia rice sellers kept their quotes mostly unchanged.
5% Broken Rice
Thailand 5% rice is indicated at around $370 - $380 per ton, about a $20 per ton premium on
Vietnam 5% rice shown at around $350 - $360 per ton. India 5% rice is indicated at around $370
- $380 per ton, about a $35 per ton discount to Pakistan 5% rice shown at around $405 - $415 per
ton.
25% Broken Rice
Thailand 25% rice is shown at around $350 - $360 per ton, about a $20 per ton premium on
Vietnam 25% rice shown at around $330- $340 per ton. India 25% rice is indicated at around
$345 - $355, about a $15 per ton discount to Pakistan 25% rice shown at around $360 - $370 per
ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $370 - $380 per ton. India parboiled rice is
indicated at around $360 - $370 per ton, about a $45 per ton discount to Pakistan parboiled rice
shown at around $405 - $415 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is indicated at around $315 - $325 per ton, about a $5 per ton
premium on Vietnam 100% broken rice shown at around $310 - $320 per ton, up about a $5 per
www.ricepluss.com & www.riceplusmagazine.blogspot.com
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Planting for India 2015-16 Kharif (main) rice crop (June - December) has begun and stands at
around 268,000 hectares as of May 22, 2015; up about 18% from around 228,000 hectares
planted during the same period last year, according to preliminary data released by the Indian
Agriculture Ministry.The government of India, in its third advance estimates for major crops, has
estimated India's rice production for 2014-15 marketing year (October 2014 - September 2015)
www.ricepluss.com & www.riceplusmagazine.blogspot.com
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The U.S. cash market held steady today despite weakness in the futures market as sellers
continue to hold out for better prices despite burdensome stocks and limited demand.Analysts
insist that farmers are going to wait as long as they possibly can before selling at the levels they
are seeing trade as it is below their cost of production.
The Oryza White Rice Index (WRI), a weighted average of global white rice export quotes,
ended the week at about $407 per ton, down about $1 per ton from a week ago, down about $2
per ton from a month ago and down about $48 per ton from a year ago.
The decline is mainly due to a decline in Pakistan Rice Prices.
Thailand
Thailand 5% broken rice is today shown at about $375 per ton, unchanged from a week,
down about $10 per ton from a month ago and up about $5 per ton from a year ago.
The government of Thailand has decided to sell 2 million tons of rice from government
stockpiles over the next two months.
Former Prime Minister Yingluck Shinawatra has pleaded innocence in corruption charges from
the controversial rice pledging scheme.
The Thai Commerce Ministry claims that nearly 11 million tons of the 16 million tons of
stockpiled rice are substandard.
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The Prime Minister has called for high-standard rice mills in the country in order to ensure top
quality rice that can compete at the global level. The Prime Minister has laid out specific
strategies to increase the competitiveness of Thai rice globally, including the restructuring of rice
production management.
India
India 5% broken rice is today shown at about $375 per ton, unchanged from a week and a month
ago, and down about $55 per ton from a year ago.
India's main season (Kharif) rice planting has reached at about 268,000 hectares as on March 22,
2015, up about 17.5% from same time in last year, according to the data from India's Ministry of
Agriculture.
Vietnam
Vietnam 5% broken rice is today shown at about $355 per ton, unchanged from a week ago,
down about $5 per ton from a month ago and down about $50 per ton from a year ago.
www.ricepluss.com & www.riceplusmagazine.blogspot.com
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The UN's Food and Agricultural Organization (FAO) has forecasted the Philippines 2015 rice
imports to remain at last year's level of around 1.8 million tons reflecting the government's
efforts to stabilize domestic rice prices and restore public stocks. Also an impending droughtinducing El Nino weather pattern may also force the country to import more rice this year. El
Nino is feared to result in reduced yields due to below-average rainfall.
Though, reports from the main meteorological and oceanic institutions conformed the onset of a
weak to moderate El Nino event, uncertainty about the intensity still persists. However,
government support to the sector in the form expansion of irrigated area, improved seeds and
higher fertilizers is likely to maintain pace of production.The FAO forecasts Philippines 2015
paddy rice production at around 19.76 million tons (around 12.39 million tons, basis milled), up
about 4% from an estimated 19 million tons (around 11.91 million tons, basis milled). Planting
of the 2015 main season rice crop, accounting for about 55% of annual production, is currently
underway and will continue till mid-July. Lower-than average rainfall in early April has most
likely delayed planting operations.
www.ricepluss.com & www.riceplusmagazine.blogspot.com
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continued to decline in May 2015 for the eighth consecutive month after continuously increasing
since last October, due to increased supplies from the 2014 main season harvest.USDA estimates
the Philippines to import around 1.6 million tons of milled rice in 2015, up about 33% from an
estimated 1.2 million tons in 2014. USDA estimates the South-East Asian nation to produce
around 19.365 million tons of paddy (around 12.2 million tons, basis milled) in MY 2014-15
(July - June), up about 3% from an estimated 18.82 million tons (around 11.86 million tons, basis
milled) in MY 2013-14.
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