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@LiveRiceIndex

11 / 12 / 2017

#Brazil: Farmers in São Francisco are optimistic about #rice cultivation due to good irrigation levels (Pt.) https://t.co/HtDeJvdVvc

@LiveRiceIndex

11 / 12 / 2017

#India: A total of 83,089 MTS of #paddy has been procured in Krishna District so far this season https://t.co/e2aaxyrnV9

Cambodia export update

11 / 12 / 2017

Cambodia export update

Cambodian milled rice exports totalled 562,237 MTS between January – November 2017, a 17% year-on-year increase, according to local reports. China was the top buyer during this period,...

@LiveRiceIndex

11 / 12 / 2017

#India: Farmers in Odisha rush to harvest #paddy following recent rain https://t.co/yUhK3tTuMb

11 December 2017

11 / 12 / 2017

11 December 2017

Indian non-Basmati prices continue to be supported by cross-border demand from Bangladesh and PB 5% STX is assessed...

@LiveRiceIndex

11 / 12 / 2017

#Philippines president urges companies to import #Cambodian #rice https://t.co/jR2NGcbmma

Colombia update

11 / 12 / 2017

Colombia update

The FAO estimates that 2017 Colombian paddy production increased by 8% from last year to a record 2.88 million MTS, which is a 35.8% increase from the five-year average. The improvement in...

@LiveRiceIndex

11 / 12 / 2017

#Brazil: #Paddy planted area in Rio Grande reaches 1.06 million hectares, 98.5% of the region’s target (Pt.) https://t.co/QrQcS7KMlF

@LiveRiceIndex

11 / 12 / 2017

#Cambodian milled #rice exports totalled 562,237 MTS between January – November 2017, a 17% year-on-year increase https://t.co/DBN6RGMH8I

@LiveRiceIndex

11 / 12 / 2017

#Madagasacar: Price of imported #rice declines by MGA 70 per kg (US $20 PMT) in the local markets in Anosibe and An… https://t.co/8cu2X7o6CY

@LiveRiceIndex

11 / 12 / 2017

#India: The average field yield of 11,000ha of pest-infested Kharif #paddy crops in Karnataka is expected to fall b… https://t.co/9ZhUcCMLHf

@LiveRiceIndex

11 / 12 / 2017

#Indonesia: #Paddy production in Aceh Province is expected to exceed target and total 2.6 million MTS in 2017 https://t.co/Edml3NP3R7

Iraqi MoT's 4 December tender cancelled

11 / 12 / 2017

Iraqi MoT's 4 December tender cancelled

The LRI understands that the Iraqi Ministry of Trade has cancelled its 4 December global origin white rice tender. 

Taiwan makes tender awards

11 / 12 / 2017

Taiwan makes tender awards

Taiwan’s Council of Agriculture (CoA) awarded 7,000 MTS of U.S. medium/short grain brown rice in its 21 November tender and 11,834 MTS of U.S. medium/short grain rice in its 24 November...

South Korea announces new tender

11 / 12 / 2017

South Korea announces new tender

South Korea’s Agro-Fisheries and Food Trade Corporation (KAFFTC) has announced a new tender for a total of 17,886 MTS of non-glutinous brown medium grain, which will be held on 19 December....

Japan's MAFF announces new MA tender

11 / 12 / 2017

Japan's MAFF announces new MA tender

Japan’s Ministry of Agriculture, Forestry and Fisheries has announced a new Minimum Access tender for a total of 64,000 MTS to be held on 15 December. For more details, please see the table...

@LiveRiceIndex

08 / 12 / 2017

LRI Report Published! #Iraqi MoT receives offers in its 4 December global origin tender; #Japan’s MAFF announces SB… https://t.co/RyQmx8D1Xt

8 December 2017

08 / 12 / 2017

8 December 2017

Pakistani 5% WR is assessed down by US $3 PMT to US $370 PMT FOB based on bids and offers, with some exporters now...

South Korea update

08 / 12 / 2017

South Korea update

According to the USDA, Statistics Korea has revised its estimate for South Korea’s milled rice production in the 2017/18 marketing year (November – October) up to 3.97 million MTS due...

Thailand

08 / 12 / 2017

Thailand

Exporters reported extremely thin demand for most varieties of Thai rice but the covering of shipments to...

Vietnam

08 / 12 / 2017

Vietnam

The Vietnamese white rice market was quiet as demand remained slow. However, exporters anticipate an increase in...

Pakistan

08 / 12 / 2017

Pakistan

Pakistani 5% broken white rice closed the week assessed down to US $370 PMT FOB following a decrease in local prices,...

U.S.A.

08 / 12 / 2017

U.S.A.

The market in the South is waiting on updates from the Iraqi Ministry of Trade’s 4 December tender. ADM offered...

South America

08 / 12 / 2017

South America

Tiryaki offered Argentine rice in the Iraqi Ministry of Trade’s (MoT) 4 December tender at a price of US $575...

India

08 / 12 / 2017

India

There was a bullish undertone to the Indian non-Basmati market as supply of IR 64 paddy continued to tighten. A 0.51%...

Other Countries

08 / 12 / 2017

Other Countries

The Italian market remained quiet with little activity reported. There has been low demand for paddy as mills have...

Italy

08 / 12 / 2017

Italy

The Italian market remained quiet with little activity reported. There has been low demand for paddy as mills have...

Cambodia

08 / 12 / 2017

Cambodia

Supply of white rice continued to tighten, with exporters waiting for the new crop to arrive on the market in the...

Myanmar

08 / 12 / 2017

Myanmar

There was a soft undertone to the Myanmar market as arrivals from the new crop harvest continued to gather pace....

Iraqi MoT tender update

08 / 12 / 2017

Iraqi MoT tender update

Contrary to initial reports in the market, the LRI can confirm that the Iraqi Ministry of Trade has not yet made any awards in its 4 December global origin white rice tender. Offers remain valid...

7 December 2017

07 / 12 / 2017

7 December 2017

Thai PB 100% STX is assessed down to US $407 PMT FOB as exporters are willing to accept lower bids to conclude...

KCCO makes awards in 5 December tender

07 / 12 / 2017

KCCO makes awards in 5 December tender

The Kansas City Commodity Office has awarded the full 7,780 MTS of U.S. rice in its 5 December domestic tender. Beaumont Rice Mills was awarded a total of 1,600 MTS of U.S. #2, 7% broken fortified...

AMIS releases Market Monitor update

07 / 12 / 2017

AMIS releases Market Monitor update

The Agricultural Market Information System (AMIS) has released its latest forecast for world supply and demand. AMIS has forecast 2017/18 global milled rice production at 500.8 million MTS, down by...

Parboiled: November 2017

06 / 12 / 2017

Parboiled: November 2017

Our Thai parboiled assessments fell earlier in the month as exporters concluded covering some shipments to Bangladesh and fresh demand was weak. However, delays to new crop arrivals, expectations...

Japonica: November 2017

06 / 12 / 2017

Japonica: November 2017

Both Calrose milled rice and paddy prices were supported by Japanese and South Korean tender sales and low levels of carryover stocks from the 2016/17 crop. Californian exporters were awarded a...

Fragrant: November 2017

06 / 12 / 2017

Fragrant: November 2017

Thai Hom Mali 100% Grade B closed the month assessed up to US $940 PMT FOB FCL amid concerns that production could be 11.3% lower than previously anticipated due to floods and following the...

Japan’s MAFF announces new SBS tender

06 / 12 / 2017

Japan’s MAFF announces new SBS tender

Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) has announced a Simultaneous-Buy-Sell tender for a total of 25,000 MTS to be held on 20 December. MAFF purchased 25,000 MTS in...

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Our aim is to provide accurate information and robust price assessments, which assist market participants in making sound business and trading decisions, whilst enabling the world’s rice markets to operate with greater transparency and efficiency. In doing so, we hope to equip rice market participants with the tools that they need to better manage their exposure to risk.

 

During the "2008 Rice Price Crisis", exceptionally high rice prices and extreme price volatility caught the attention of rice industry participants and policy?makers worldwide. As the scrutiny of commodity markets increases, transparency and integrity take on heightened importance as the LRI strives to enhance market confidence and efficiency.

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The LRI’s role is to observe and report on the world’s rice markets, whilst developing increasingly accurate methods for accessing and evaluating rice price information. To build confidence in the rice price assessment process, we aim to make our price assessments and methodology as transparent and robust as possible.

 

Transparency enables rice market participants to identify the true market value of a given rice variety and understand the market forces behind price movements.

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For the LRI, "price integrity" relates to logical processes when performing price discovery as well as procedures which build confidence in the resulting assessments. The assessment of high quality data, using structured and considered methodologies should ensure increased price integrity and market confidence.

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We follow a published methodology for each rice price assessment. These dynamic documents are subject to review and amended after thorough consultation with the trade. The LRI does not use any item of information in its rice price assessment process that is inconsistent with its methodology and quality guidelines.

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LRI Latest

In this week's report: Iraqi MoT receives offers in its 4 December global origin tender; Japan’s MAFF announces SBS tender for 25,000 MTS to be held on 20 December; CBOT Rough Rice Futures fell by US $0.28 per cwt (US $6.17 PMT) on Monday.

01.12.17: Iranian government re-imposes rice import ban; Bunge sells 30,000 MTS of U.S. long grain paddy to Venezuela; Turkish Grain Board makes purchases in 22 November tender.

24.11.17: Iranian government lifts annual import ban; Bangladeshi DGF plans to purchase 150,000 MTS of Indian PB and 150,000 MTS of Thai PB; Turkish Grain Board holds medium grain tender for 35,000 MTS.

17.11.17: Iraqi MoT purchases 90,000 MTS of U.S. long grain white rice; Japan’s MAFF awards 64,703 MTS in its 17 November MA tender; Rice stocks in the Philippines declined by 15.3% year-on-year to 1.94 million MTS as of 1 October.

10.11.17: South Korean govt. announces tender for 132,790 MTS to be held on 20 November; Cuba purchases 29,000 MTS of Brazilian 15% broken white rice; Bangladeshi 2017/18 milled production estimated at 33.1 million MTS, down by 4.1% from last year.

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Methodology

Thailand Fragrant
Thailand Glutinous
Thailand Parboiled
Thailand White
Myanmar Parboiled
Myanmar White
Pakistan Parboiled
Pakistan White
Pakistan Basmati
South America Parboiled
South America White
Vietnam Fragrant
Vietnam White
Cambodia Fragrant
Cambodia White
India Non-Basmati
Indian Basmati
USA Gulf Long Grain
USA Gulf Parboiled
USA California
Egypt
Italy White