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About 30 million metric tons of rice annually is traded internationally - enough to supply about 800 million people with 100 grams daily throughout the year. This is a large scale business involving centralized facilities and sophisticated companies. And this business is concentrated in 10 countries which account for more than 90% of this global rice trade. .....
Sunday, November 27, 2011
Saturday, November 26, 2011
Thursday, November 24, 2011
U.S. Farmers Too Busy Enjoying Seasonal Fun to Sell Their Rice in a Panic, Ignoring Recent Market Decline – What’s Next?
U.S. Farmers Too Busy Enjoying Seasonal Fun to Sell Their Rice in a Panic, Ignoring Recent Market Decline – What’s Next? ...
want to know more, read on
Chicago rice futures traded up 24 cents per cwt (about $5 per ton) to close at $14.55 per cwt (about $321 per ton). Rice futures initially traded lower pressured a stronger dollar, weaker outside markets, and ample global supply concerns however futures rebounded late in the day as some in the market saw the market as a buying opportunity on ideas the market was oversold while others took the opportunity to square positions ahead of the U.S. Thanksgiving holiday....
want to know more, read on
Chicago rice futures traded up 24 cents per cwt (about $5 per ton) to close at $14.55 per cwt (about $321 per ton). Rice futures initially traded lower pressured a stronger dollar, weaker outside markets, and ample global supply concerns however futures rebounded late in the day as some in the market saw the market as a buying opportunity on ideas the market was oversold while others took the opportunity to square positions ahead of the U.S. Thanksgiving holiday....
Vietnam to Sell 300,000 Tons of Rice to Indonesia, Says VFA
Vietnam to Sell 300,000 Tons of Rice to Indonesia, Says VFA
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...............Vietnam will sell 300,000 tons of 15% broken rice to Indonesia for delivery between December 2011 and February 2012, according to the Vietnam Food Association. Vietnam has sold about 7.3 million tons of rice this year and has shipped about 6.5 million tons of rice as of November 17. By year-end, Vietnam is expected to have shipped about 7 million tons of rice for export, up from about 6.5 million tons last year. Vietnam’s average export price in November is around $554 per ton, up from around $437 per ton in January. ...
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...............Vietnam will sell 300,000 tons of 15% broken rice to Indonesia for delivery between December 2011 and February 2012, according to the Vietnam Food Association. Vietnam has sold about 7.3 million tons of rice this year and has shipped about 6.5 million tons of rice as of November 17. By year-end, Vietnam is expected to have shipped about 7 million tons of rice for export, up from about 6.5 million tons last year. Vietnam’s average export price in November is around $554 per ton, up from around $437 per ton in January. ...
Asian Rice Sellers Keep Quotes Unchanged
Asian Rice Sellers Keep Quotes Unchanged
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Thai 25% rice is indicated around $575 - $585 per ton, about a $70 per ton premium over Viet 25% rice quoted around $505 - $515 per ton. Indian 25% rice is shown around $385 - $395 per ton, about on par with Pak 25% rice indicated around $385 - $395 per ton.....
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Thai 25% rice is indicated around $575 - $585 per ton, about a $70 per ton premium over Viet 25% rice quoted around $505 - $515 per ton. Indian 25% rice is shown around $385 - $395 per ton, about on par with Pak 25% rice indicated around $385 - $395 per ton.....
Tuesday, November 15, 2011
Tuesday, November 01, 2011
Thailand may lose a quarter of its main rice crop in the nation's worst flooding in decades, the government estimates, which could boost prices of the staple and further squeeze shipments from the world's top exporter
The Rice prices may rise 3 year high - 18 % to $ 20/100 pounds on the Chicago Board of Trade
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