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The Philippines National Food Authority (NFA) has called for tenders from Vietnam, Thailand
and Cambodia for the 250,000 tons import, according to Reuters. The bidding is set for June 5,
2015, according to a NFA spokesman.The NFA is seeking to import 25% broken well-milled
long-grain rice, with delivery expected between July and August, to replenish stocks during the
lean season (July - September) as well as prevent commercial rice price hikes.The NFA is
authorized to import another 250,000 tons of rice if the drought-inducing El Nino weather
condition intensifies.
Analysts say this year, the Philippines' total rice imports could cross about 2.1 million tons if the
government approves the terms of a new trade concession with the World Trade Organization
www.ricepluss.com & www.riceplusmagazine.blogspot.com
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Vietnam 5% broken
350-360
India 5% broken
370-380
Pakistan 5% broken
405-415
Myanmar 5% broken
420-430
Cambodia 5% broken
430-440
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Uruguay 5% broken
565-575
Argentina 5% broken
555-565
350-360
325-335
360-370
345-355
455-465
370-380
405-415
555-565
570-580
Vietnam Jasmine
470-480
NQ
NQ
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815-825
315-325
Brokens
Thailand A1 Super
300-310
350-360
NQ
365-375
Thailand rice sellers lowered their quotes for Hommali rice by about a $5 per ton to about $860 $870 per ton today. Vietnam rice sellers lowered their quotes for 25% broken rice and Jasmine
rice by about $5 per ton and $10 per ton to about $325 - $335 per ton and $470 $480 per ton,
respectively, today. India rice sellers increased their quotes for 100% broken rice by about a $5
per ton to about $275 - $285 per ton. Pakistan rice sellers kept their quotes unchanged today.
5% Broken Rice
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The Indonesian Trade Minister has ruled out rice imports until July this year as the rice supply
with the state logistics agency Bulog is sufficient to meet demand until then with an additional
7.1 million tons of rice expected from the ongoing harvest, according to local sources.He
however noted that the government would import rice if the supply is not sufficient to meet the
demand during the fasting month and the Idul Fitri festivities. He added that the Ministry is
calculating the quota and would issue import permits if needed.The Director General of
Domestic Trade at the Ministry told local sources that the domestic demand within the next two
months is expected to be only 5 million tons while farmers are expected to produce a total of 7.1
million tons of rice until July. She however noted that the government may decide to import if
the harvest fails for any reason.
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Earlier in May, the Chief Economics Minister told reporters that a decision on imports will be
taken at the end of May or early June.The government of Indonesia is keen on increasing 2015
paddy rice production by about 4% to around 73.4 million tons (around 48.44 million tons, basis
milled) from an estimated 70.61 million tons (around 46.65 million tons, basis milled) in 2014;
and avoid imports. Indonesia imported 425,000 tons of rice from Thailand and Vietnam in 2014.
However, some analysts have cautioned the government to consider rice imports in the light of
country's rice stocks. A professor at the Bogor Institute of Agriculture (IPB) noted that the
country's rice stocks have been declining over the past three years. They declined from 7.4
million tons in 2013 to 5.5 million tons early this year.USDA estimates Indonesia to produce
around 36.3 million tons of rice, basis milled (around 57.165 million tons, basis paddy) and
import around 1.25 million tons of rice in MY 2014-15 (January 2015 - December 2015).
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