Archive for Project Development

CBOT Rice Review: Rough Rice Futures Lower Thursday

Nov 12, 2010 No Comments

U.S. rice futures extend losses on profit-taking, worries supplies may be bigger than expected. Futures close lower for second straight day as market participants book profits after market reached 11-month high Tuesday. CBOT Jan rice closes down 22 1/2c at $14.57 per hundredweight. Contract on Wed fell daily, …

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Philippines In Talks with Cambodia Over Rice Import

Nov 02, 2010 No Comments

Local media reports have quoted Angelito T. Banayo, administrator of the National Food Authority (NFA) as saying that Cambodia has has offered to sell rice to Manila but talks so far have only been exploratory and no deal has been reached. Mr. Banayo said the Philippines, the world’s biggest …

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Asian Cartel Confirms Rice Reserve System

Nov 02, 2010 No Comments

Leaders of the 10-member Association of Southeast Asian Nations, ASEAN, plus Japan, China and South Korea have formally agreed in principal to set up a permanent emergency rice reserve system among the 13 countries in a move to boost food security in the region. At the so-called ASEAN-plus-three summit, …

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Asian Demand To Push Global Prices: IGC Report

Nov 02, 2010 No Comments

According to a latest report released by the International Grains Council, IGC, Asian demand is likely push up global rice consumption next year but also added that there were ample supplies to fulfill all requirements. Global rice consumption is forecast to grow by 2% to 447 million MT in …

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CBOT Rice Review: Rough Rice Futures Lower Monday

Nov 02, 2010 No Comments

U.S. rice futures at the Chicago Board Of Trade, CBOT, tumbled for the third day, with some contracts settling down the daily, exchange-imposed limit of 50 cents. Market continues to retreat after closing at 11-month high Wed. CBOT Nov rice ends down 48 1/2c at $13.94 per cwt.  

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Guyana Hoping To Gain From Global Production Deficit

Nov 02, 2010 No Comments

Guyana's Ministry of Agriculture has expressed optimism that the recent increase in local rice production during the month of September coupled with various worldwide disasters affecting global rice production auger well for the Caribbean nation by creating prospects for improved prices for Guyanese rice. Guyana’s most recent issue of …

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CBOT Rice Review: Rough Rice Futures Unchanged Friday

Oct 18, 2010 No Comments

Rough rice futures at the Chicago Board Of Trade, CBOT, settled near unchanged Friday after surging to an eight-month high. CBOT Nov rice reaches $13.87 per cwt above Thursday's high of $13.60. Weekly US rice export sales of 57,300 tons, issued Fri, were up 11% from previous week …

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Vietnam Rues Early Export Contracts

Oct 18, 2010 No Comments

The Vietnam Food Association (VFA) has expressed disappointment over the timing of rice exports from Vietnam as the country sold most of the rice before, when the price was low loosing out approximately $420 million USD in the process. Vietnam Food Association, VFA's, statistics showed that in the period …

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Vietnam To Hike Export Floor Price

Oct 18, 2010 No Comments

Local media reports in Vietnam have quoted the Vietnam Food Association as saying that the country is likely to raise the export floor price for 25 percent broken rice to $445 PMT from the existing levels of $435 from Tuesday as supply tightens ahead of possible demand from the Philippines …

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Philippines Issues Typhoon Alert

Oct 18, 2010 No Comments

The government of Philippines has issued a typhoon warning along coastal and landslide-prone provinces in the north of its main island of Luzon as Typhoon Megi intensified and moved towards rice and corn production areas. According to media reports, Megi, a category 2 typhoon with winds of 105kph (65mph), …

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