Pattabhi Agro Foods Pvt Ltd has launched its premium brand of rice labeled as 'LOHITHA' - The Delicious Rice. Read More

 
 
(Reuters) - Goldman Sachs Group Inc has filed for a slew of new exchange-traded funds, most of them alternative, another step by the Wall Street bank in its pursuit of the fast-growing, nearly $2 trillion U.S. ETF market.






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Mon, 15 Dec 2014   View More
SINGAPORE/HONG KONG (Reuters) - Standard Chartered has agreed to sell its Hong Kong-based consumer finance business to a consortium that includes Pepper Australia Pty Ltd and a Chinese group, in a deal estimated between $600 million to $700 million, two people with knowledge of the deal said.






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Tue, 16 Dec 2014   View More
SINGAPORE (Reuters) - Brent crude oil prices fell over $1 per barrel and below $60 for the first time since July 2009 in early European trading on Tuesday as Chinese factory activity slowed and stumbling emerging market currencies dented demand expectations.






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Tue, 16 Dec 2014   View More

Philippines\' Food Security Secretary said that the state agency, the National Food Authority (NFA), will import about 187,000 tons of rice under \'minimum access volume\' program via the private sector, according to the Bloomberg.Each importer will be allowed to import maximum of 5,000 tons of rice of any origin. Licensed importers of the NFA may apply to import rice from December 28, 2014 to January 31, 2015. Imported rice must be arrive on or before February 28, 2015.

Mon, 15 Dec 2014   View More
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The Oryza White Rice Index (WRI), a weighted average of global white rice export quotes, ended the week at about $436 per ton, down about $2 per ton from a week ago, down about $17 per ton from a month ago and down about $24 per ton from a year ago.

Thailand

Thailand 5% broken rice is today shown at about $405 per ton, down about $5 per ton from a week and a month ago, and up about $10 per ton from a year ago.

In the first ten months of 2014, Thailand has exported about 8.77 million tons of rice, about 62% more than the same period in 2013.

The government of Thailand plans to auction 400,000 tons of stockpiled rice on December 22, according to Bloomberg.

The Rice Policy and Management Committee, headed by the Thai Prime Minister, has approved the on-farm pledging program for 2014-15 paddy main-crop fragrant and glutinous rice, to limit downward pressure on prices during harvest.

India

India 5% broken rice is today shown at about $400 per ton, unchanged from a week ago, down about $15 per ton from a month and a year ago.

Rice stocks in the central pool are 21.57 million tons as of December 1, down about 23% from last year.

Scientists at the Bihar Agriculture University have developed a new drought-resistant rice variety known as “Sabour Ardhjal.”

Vietnam

Vietnam 5% broken rice is today shown at about $390 per ton, unchanged from a week ago, down about $45 per ton from a month ago and down about $35 per ton from a year ago.

Vietnam has exported about 599,948 tons of rice in October 2014, down slightly from September but up about 15% from October 2013.  During the first eleven months of 2014, the country has exported about 5.843 million tons of rice, down about 5% from the same time last year.  Average rice export price so far this year stands at about $439 per ton (FOB), up about 2% per ton from the same time last year.

Pakistan

Pakistan 5% broken rice today shown at about $375 per ton, down about $10 per ton from a week ago, down about $25 per ton from a month ago and down about $10 per ton from a year ago.

The Pakistan government needs to enhance investment in research in order to meet the current rice sector challenges, according to the President of the Pakistan Basmati Growers Association.  The rice sector there has stressed the importance of improving rice quality and modernizing harvesting and milling technology in the country.

Central & South America

Brazil 5% broken rice is today shown at about $550 per ton, unchanged from a week and a month ago and down about $135 per ton from a year ago.

Brazil has exported about 1.19 million tons of rice during January-November 2014, with about 17% of that going to Venezuela.  Conab estimates Brazil’s 2014-15 paddy rice production to be about 12.21 million tons, up slightly from last year.

Five percent broken rice from Uruguay and Argentina is today shown at about $600 per ton, unchanged from a week and a month ago and down about $30 per ton from a year ago.

Argentina has exported about 447,333 tons of rice in the first nine months of 2014, up about 9% from the same period last year.

The government in Mexico has decided to impose a 20% duty on Asian rice imports starting January 10, 2015.  This marks the first time in six years the Mexican government is imposing a duty on rice imports.

U.S.

U.S. 4% broken rice is today shown at about $545 per ton, unchanged from a week and a month ago, and down about $45 per ton from a year ago.

The USDA has forecasted U.S. MY 2014-15 rice exports at 4.67 million tons, up about 10% from last year.  The increase is mostly due to a 9% y/y increase in long-grain rice exports.

The U.S. cash market stayed quiet this week despite reports of increasing exports and a weaker futures market.  Farmers are still looking for $13.33 per cwt fob farm (about $294 per ton), but bids are at least $1.00 per cwt lower.

Chicago rough rice futures for January delivery were relatively range-bound this week, slipping slightly throughout the week before settling a little higher on Friday and closing at $12.285 per cwt (about $271 per ton).

Other Markets

Cambodia 5% broken rice is today shown at about $465 per ton, unchanged from a week ago, down about $5 per ton from a month ago and up about $5 per ton from a year ago.

Myanmar exported about 799,600 tons of rice in April-November of FY 2014-15, up about 75% from the same period last year.  The country plans to release its National Export Strategy in January.

Iran will resume rice imports in February 2015, according to global business consultant Mustapha Pakzad.

Typhoon Hagupit (Ruby), which reportedly damaged about 2,034 tons of paddy rice in the Philippines, may not impact the overall paddy rice output in the first quarter of 2015, according to the Philippines Agriculture Undersecretary.

The Agriculture Ministry of Fiji has signed a Memorandum of Understanding with the government in China to provide a boost to the government’s Rice Revitalization Program.

The USDA Post estimates that South Korea will import about 560,000 tons of rice in MY 2014-15 (November-October), more than doubling its imports from last year.

China plans to import more rice in 2014 due to current low prices, according to a post on the government’s website.

Mon, 15 Dec 2014   View More

Chicago rough rice futures for Jan delivery settled 8 cents per cwt (about $2 per ton) higher at $12.430 per cwt (about $274 per ton). Rough rice futures closed higher after getting off to a quiet start. The market continues to add to gains earned late last week, and appears to be attempting to chart out a bullish short-term trend. The other grains finished with mixed results today; Soybeans closed about 0.7% lower at $10.3950 per bushel; wheat finished about 2.1% higher at $6.1900 per bushel, and corn finished the day about 0.3% higher at $4.0850 per bushel.

U.S. stocks veered wildly on Monday, with the Dow Jones Industrial Average trading in a more than 300-point range on either side of neutral as investors monitored the price of oil. The Dow moved up and down more than 100 points during Monday\'s session, and event that last occurred a year and a half ago, on June 12, 2013. Equities offered muted reaction to a gauge of home-builder sentiment falling a point in December after a large jump last month. A Federal Reserve report had industrial production rebounding in November, after a Fed measure of manufacturing in the New York region dropped in December. Turning negative after a 122-point jump, the Dow Jones Industrial Average fell as much as 165 points, and was lately down 78.16 points, or 0.5%, to 17,202.67. The S&P 500 declined 9.60 points, or 0.5%, to 1,992.73, with utilities pacing losses and energy sector gains among its 10 major industry groups. The Nasdaq dropped 41.49 points, or 0.9%, to 4,612.11. Gold is trading about 1.2% lower, crude oil is seen trading about 2.8% lower, and the U.S. dollar is seen trading about 0.2% higher at about  1:00pm Chicago time.

Friday, there were 1,939 contracts traded, up from 1,547 contracts traded on Thursday. Open interest – the number of contracts outstanding – on Friday increased by 14 contracts to 10,445.

Mon, 15 Dec 2014   View More

Chicago rough rice futures for Jan delivery were trading 2 cents per cwt (about $0.44 per ton) lower at $12.330 per cwt (about $272 per ton) during early floor trading in Chicago. The other grains are seen trading mixed this morning: soybeans are currently seen 0.7% lower, wheat is listed about 1.5% higher and corn is noted about 0.2% higher.

U.S. stocks wavered on Monday, with Wall Street\'s bounce back losing steam as the price of oil fell. Equities offered muted reaction to a gauge of home-builder sentiment falling a point in December after a large jump last month. A Federal Reserve report had industrial production rebounding in November, after a Fed measure of manufacturing in the New York region dropped in December. Turning negative after a 122-point jump, the Dow Jones Industrial Average lately rose 23.92 points, or 0.2%, to 17,304.75. The S&P 500 gained 2.97 points, or 0.2%, to 2,005.30, with energy fronting gains and financials pacing losses among its 10 major sectors. The Nasdaq dropped 6.37 points, or 0.1%, to 4,647.23. Gold is currently trading about 0.6% lower, crude oil is seen trading about 1.6% lower,  and the U.S. dollar is currently trading about 0.3% higher at 8:40am Chicago time.

Mon, 15 Dec 2014   View More

Thailand rice sellers increased their quotes for 5% broken rice and parboiled rice by about $5 per ton to about $405 - $415 per ton each today. Vietnam rice sellers lowered their quotes for Jasmine rice by about $10 per ton to about $515-$525 per ton today. Other Asia rice sellers kept their quotes mostly unchanged.

5% Broken Rice

Thailand 5% rice is quoted at around $405 - $415 per ton, up about $5 per ton from Friday and about $20 per ton premium on Vietnam 5% rice shown at around $385 - $395 per ton.

India 5% rice is quoted at around $395 - $405 per ton, about $25 per ton premium on Pakistan 5% rice quoted at around $370 - $380 per ton.

25% Broken Rice 

Thailand 25% rice was last quoted at around $350 - $360 per ton, on par with Vietnam 25% rice shown at around $350 - $360 per ton.

India 25% rice is quoted at around $360 - $370, about $30 per ton premium on Pakistan 25% rice quoted at around $330 - $340 per ton.

Parboiled Rice

Thailand parboiled rice is quoted at around $405 - $415 per ton, up about $5 per ton from Friday.

India parboiled rice is quoted at around $380 - $390 per ton, about $30 per ton discount to Pakistan parboiled rice quoted at around $410 - $420 per ton.

100% Broken Rice

Thailand broken rice, A1 Super, is quoted at around $330 - $340 per ton, on par with Vietnam 100% broken rice shown at around $330 - $340 per ton.

India\'s 100% broken rice is shown at around $300 - $310 per ton,  about $10 per ton premium on Pakistan broken sortexed rice quoted at around $290 - $300 per ton.

Mon, 15 Dec 2014   View More
BANGKOK (Reuters) - Business is booming at Charoen Pokphand Foods Pcl (CPF) , Thailand\'s biggest meat and animal feed producer, especially now it has won orders for chicken products from McDonald\'s Holding Co (Japan) after a food scare in China.






Mon, 18 Aug 2014   View More
Aug 15 (Reuters) - Electric carmaker Tesla Motors Inc TSLA.O said on Friday it had boosted warranty coverage on its Model S sedan, a week after an influential U.S. consumer magazine highlighted problems with the $70,000-plus vehicle.






Fri, 15 Aug 2014   View More
SHANGHAI/FRANKFURT (Reuters) - Germany\'s Mercedes-Benz has been found guilty of manipulating prices for after-sales services in China, the official Xinhua news agency reported, adding to pressure on foreign carmakers in the world\'s largest auto market.






Mon, 18 Aug 2014   View More
LONDON (Reuters) - European stocks rallied and prices of top-rated bonds fell on Monday as investors breathed easier over the crisis in Ukraine, which had appeared to escalate dangerously on Friday.






Mon, 18 Aug 2014   View More
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USDA Post has estimated Venezuela MY 2014-15 (April - March) to increase to around 530,000 tons, up about 2% from around 520,000 tons in MY 2013-14, due to expected decline in paddy rice production.

Mon, 18 Aug 2014   View More
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The UN\'s Food and Agricultural Organization (FAO) has forecasted Myanmar\'s MY 2014-15 (July - June) milled rice exports at around 560,000 tons, almost similar to last year\'s level. The FAO estimates total MY 2014-15 cereal exports, including rice, at around 1.2 million tons.

Mon, 18 Aug 2014   View More

Thailand rice sellers lowered their quotes for 5% broken rice by about $5 per ton to around $440 - $450 per ton and increased their quotes for Hommali rice by about $40 per ton to around $1,055 - $1,065 per ton today. Other Asia rice sellers kept their quotes mostly unchanged. 

Mon, 18 Aug 2014   View More
 
 

Our Mission

Pattabhi Agro Foods Pvt Ltd is engaged in Paddy purchases, processing, milling and grading of rice, and its bi-products. It Primarily concentrate on processing and trading of agri commodities. Each of this activity is being handled by us with up most care. We are one of the largest exporters of indian rice from South India.
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