World Grain - February 2015 - (Page 72)

RICE QUARTERLY Rice News Roundup Vietnam's outlook for rice exports mediocre for 2015 HANOI, VIETNAM - The Vietnam Food Association (VFA) has scaled back its forecast for rice exports in 2015 given the lackluster numbers in 2014. For the year ended December 2014, Vietnam exported 6.316 million tonnes of rice, grossing $2.789 billion in revenue, down 5.47% from the previous year in volume and 3.59% in value. Rice exports were lethargic, ranking third among the world's largest exporters after Thailand (10.5 million tonnes) and India (10 million tonnes). Market analysts at the VFA attribute the slump to the sharp decline in demand for rice in the African markets, overproduction by Thailand and India along with lack of growth in Asian markets. rice transported from the Mekong Delta region to the northern region via Haiphong Port was substantially higher. The best estimates availVFA Secretary General Huynh Minh Hue said in addition to processing and consuming rice, enterprises have improved coordination with farmers and improved the quality and value of rice. The VFA has forecast the rice supply and demand for 2015 to remain unchanged from 2014, but the market will continue to face challenges with sustainability and a lot needs to be done to rev up the industry. VFA forecast that more than 7 million tonnes of rice will be exthe lowest level for the quarter for the past several years. will carry over and continue to negatively affect the market in 2015. Last year, exports of rice via the Chinese borders skyrocketed, helping clear stockpiles. However, the border trade is fraught with risks and does little to bring in the large foreign currencies. According to VFA statistics, rice exports on record through the Chinese border was roughly 650,000 tonnes, but the real volume of year, businesses have only signed contracts to ship around 500,000 tonnes of rice and they must export an additional 400,000 tonnes to meet the set plan. Currently, the domestic price is competitive as it is lower than or as same as other rice exporters at $380 per tonne for 5% broken rice. Myanmar's rice exports to China surge NAYPYIDAW, MYANMAR - Myanmar's rice exports to China through the Muse border crossing have swelled due to increased demand from China and fewer seizures by Chinese authorities, according to merchants from Muse. On average, about 4,500 tonnes of rice and 1,500 tonnes of broken rice are exported daily through Muse Trade Camp. More than year, said Chantha Oo, vice-chairperson of the Muse Paddy Wholesale Center. Myanmar urged China to buy at least 1 million tonnes of rice in 72 2015, and three Chinese companies have each agreed to buy 280,000 tonnes, according to the Myanmar Rice Federation. In order to export rice to China, Myanmar rice exporters need cer(CCIC) after inspections. The CCIC planned to open its Myanmar mar and China has increased, with the trade volume reaching a value of more than $1 billion, according to the Myanmar Commerce Ministry. February 2015 / World Grain /

Table of Contents for the Digital Edition of World Grain - February 2015

World Grain - February 2015
Table of Contents
From the Editor-in-chief - Easing embargo on Cuba a world gain
Calendar of Events
119th Annual IAOM Conference and Expo
News Review - NIBULON reports record grain, oil crop exports
Nidera building silo on Danube in Romania
Algeria’s cereal imports increase by $3.5 billion
ADM strengthens Unilever relationship
Cargill’s net earnings up 41%
Grain, biofuel shipments surge at Port of Prince Rupert
CHS reports 56% increase in first-quarter earnings
KSU names Grain Science and Industry Department head
Port of Paranaguá sets record for grain handling
Bullish economics may force grain prices lower
IGC forecasts world wheat production at 701 million tonnes
Carr’s Milling profit up on strong performance
Bay State Milling expanding in Arizona
AGRANA earnings drop 25%
Canada introduces act to modernize grain industry
Grain Market Review - Rice
Country Focus - Syria
Feature - Ethiopia Striving for Grain Surpluses
Feature - CWB Taken off Life Support
CWB's Asset List
Feature - Europe's Largest Port Keeps Growing
Deep History
Feature - Grain Experts Analyze Black Sea
Feature - Investment analysts guarded about 2015
Feature - Another year of advances
Rice Quarterly - Milling Properties of Commingled Rice
Vietnam’s outlook for rice exports mediocre for 2015
Myanmar’s rice exports to China surge
African countries focus on boosting rice production
Thai rice exports to dominate
Feature - U.K. Milling Industry checking for soy in flour
Feed Operations - Upgrade ideas for your feed mill
Feature - Comparing Major Soybean Exporters
Feature - The importance of Landscaping
Feature - Global feed tonnage increases
Supplier News
Product Showcase
World Grain Archive
Ad Index/Reader Information Form International Faxback Program

World Grain - February 2015