Thursday, April 25, 2013

Global pepper prices to be steady till June - Rise in demand may slightly push the price up



Logo
Thursday, April 25, 2013 | 08:16 PM IST





The global pepper mart expects a steady market for the next couple of months, as supply is presently restricted to Vietnam, the world's largest producer and exporter.

Sources say there would be good demand from Europe, America and West Asia, as the price has dipped by $250 a tonne since January. The rise in demand might slightly push up the price.

This situation would change only after the Indonesian crop comes to the market, slated for July. There is no authentic report on the crop size there. A section of US importers hope for a further reduction in prices once Indonesia enters the market. They expect a steady crop there and expect prices to then fall by $200-300/tonne.

Harvesting in Vietnam is progressing well and the stock is likely to be 60,000-65,000 tonnes. The Vietnam Pepper Association says in the first quarter of this year, companies exported 39,000 tonnes, bringing in $261 million in revenue, up 27 per cent in volume and 23.6 per cent in value compared to the same period last year. Vietnam currently accounts for about 45 per cent market share in the global market.

According to information available, the crop from Brazil will be lower during the next season. The harvesting season begins there in September. So, the supply from Indonesia will determine price movements in the near term.

The crop from Karnataka has hit the local markets and the current offer rate is Rs 335-345/kg. Around 30,000 tonnes are expected from Karnataka in this season; it is the top producing state in India.

Tuesday, April 23, 2013

Pepper exports at record high - Vietnam


According to Do Ha Nam, chairman of the Vietnam Pepper Association, pepper exports in both volume and value increased by 23.5 percent and 20 percent in the first quarter of this year compared to the same period last year.

A farmer harvests pepper in Phu Quoc Island in the Mekong Delta province of Kien Giang (Photo: SGGP)
The country exported more than 38,300 tons of pepper, bringing in a turnover of US$254 million, which is a record in volume and value.
About 40 percent of harvested pepper crop this year was exported.
Recently, the domestic price has fallen by VND5,000 a kilogram but still stands high at VND115,000 a kilogram.
The Vietnam Pepper Association said that the world pepper price might remain at a high US$5,000-6,000 per ton in coming months.
Vietnam’s pepper accounts for 30 percent of the world output and 50 percent of volume traded in the world market.

http://brazil-trade-business.com/pepper_vietnam

Monday, April 22, 2013

Latest News at Entelliprise.com:

Argentine soy crop seen at 51.3 million MT, exports and crush to jump (04/18/2013)
Argentina's 2012/13 soybean crop is estimated at 51.3 million MT with 71% of the crop in good to excellent condition, said the Agriculture Ministry in its monthly report released today. The estimate re ...

Oilseeds Bulletin, April 18, 2013 - Entelliprise.com

Brazil's soybean harvest seen at 82.1 million MT, ABIOVE (04/18/2013)
Brazilian Vegetable Oil Industries Association (ABIOVE) announced its forecast of the nation's 2012/13 soybean crop at 82.1 million MT. The figure is close to the forecast of 81.94 million ...

Monster Crush - SUGAR BRAZIL


Sugaronline Friday Editorial - And...They're...Off!


More info: http://goo.gl/r5Mhb


Mills across Brazil are getting ready to fire up their boilers in preparation for the start of a monster crush that some estimates put at up to 11% higher than last year, indicating a potential reversal of fortunes after successive crops came in smaller due to under investment and poor weather conditions.

Lack of finance as a result of the global economic crisis mixed with aging ratoons made for a bad combination when paired with collapsing infrastructure and inefficient attempts at policy making that led investors and millers alike wondering what the government was really trying to achieve.
But with the 25% ethanol blend back on schedule and state-sponsored investments in replanting millions of hectares of cane over the past couple of years, Brazil appears ready to re-approach the market with everything it’s got. Just in time for a surplus that has prices already hovering near the break-even mark.
The Brazilian Agriculture Ministry's commodities forecaster Conab said in its first forecast for the season that it expects sugarcane production to rise 11% in 2013/14 to 653.809 million metric tonnes from 588.916 million tonnes in 2012/13. JOB Economia sees the centre-south rising to 590 million tonnes from 535 million in 2012/13 with sugar production at 36 million tonnes, up from 34 million tonnes last season.

It’s the global surplus at the moment and its impact on prices that is the worry, however. This price band is going to be a major acrobatic act for Brazilian mills to try and balance. Thankfully earlier in the season, due to rains, the focus is typically on ethanol production rather than sugar. That will keep sugar prices stronger a little longer, as was demonstrated with Sao Paolo sugar prices last week that held steady rather than continued to fall.
A surplus market means there’s plenty of sugar available for anyone who needs it, something which has kept trade moving swiftly even during the inter-crop. Backlogs at the ports earlier this year that are only now beginning to ease up are demonstrative of that continued demand, the continued availability…and the opportunity for impending disaster come May or June when a bumper soybean and maize crop seeks to use the same ailing port infrastructure to export.

Analysts fear that prices for soybeans could drop sharply as the US crop comes online, which will in turn boost demand for exports and further congest the ports. Continued demand early in the year for sugar, mixed with a typical downing of tools by dockworkers just to add spice to the mix, meant backlogs that give a hint as to what could come further down the line.
But that’s exactly where ethanol comes in. If prices drop significantly due to increased sugar production and that is later met with potential port backlogs, then the mills can just back away from their sugar plans to focus on ethanol. That flexibility in their milling is built in to achieve this exact kind of balancing trick to mitigate their own price returns, and as long as ethanol demand remains healthy then they should be able to manipulate global sugar prices just fine.

Policies meant to avoid huge imports of maize ethanol from the US during the inter-crop season by requiring mills to keep ethanol supplies on hand appear to have done the trick. Ethanol prices have remained at reasonable levels while increased demand from raising the anhydrous blend rate back to 25% will also ensure domestic demand for ethanol.

What the Americans do might provide some interesting fireworks for the market, however. At the moment, Brazilian ethanol counts as an “advanced biofuel” getting premium prices along with premium market share thanks to an established quota under the Renewable Fuels Standard that carves out space for advanced biofuels. But the Renewable Fuels Association is trying to get the Environmental Protection Agency to wind down that figure, saying there won’t be enough supply from Brazil or from domestic biodiesel to fill the demand.
But if sugar prices start slipping any closer to the break-even point, the ethanol boys in Washington will have their heads spin at the speed with which the shift moves to ethanol. Already the sugar market is sensitive enough to react quickly to the port backlogs earlier this year, so there’s little doubt they’ll do what mills can do to make sure prices don’t go lower than they already are. And that answer is ethanol, so the US market had better remain open for it.

With the soybean and maize boom expected for May and June, clogging ports for sugar exports, the decision to make ethanol may be made for them in any case. Exports to the US and other markets would be guaranteed then with no need for policies changes elsewhere to compensate for Brazil’s inability to supply. Because if there’s anything that Brazil wants to prove right now, is its ability to supply and show that it remains the sugar and ethanol supreme leader.
The beginning of any season, be it spring or crush, starts off with optimism that this will be “the year.” There’s a lot of potential for Brazil to succeed this year, but there’s also plenty of chances for everything to nosedive and they’ll just end up with a snow-covered spring instead of one full of flowers and promise (figuratively speaking, of course).

Thursday, April 18, 2013

Vietnam exports pepper to 80 countries and territories

 
ASIA NEWS NETWORK
WE KNOW ASIA BETTER

http://www.asianewsnet.net/Market-heats-up-for-Vietnam-pepper-exports-45607.html

http://brazil-trade-business.com/pepper_vietnam

Publication Date : 18-04-2013

Vietnam, the world's largest pepper exporter, saw shipments of the spice increase by almost a quarter in the first three months, according to the Ministry of Industry and Trade.

The country shipped 39,000 tonnes of pepper worth US$261 million for a year-on-year increase of 27 per cent in volume and 23.6 per cent in value.

The average export price was down by 2.7 per cent to $6,644 per tonne.

The US remained the biggest buyer followed by Germany, Singapore, and United Arab Emirates.

Speaking at a meeting in Ho Chi Minh City last week, Tran Duc Tung, office manager of the Vietnam Pepper Association, said the International Pepper Community estimates global supply to fall this year because of unfavourable weather in pepper-producing countries.

It therefore expects prices to increase internationally during the rest of the year, he said.

"The industry will find it hard to meet the export target of 120,000 tonnes this year."

Pepper output in southern and Central Highlands provinces is expected to fall by 20 per cent this year.

"The output will be around 90,000 tonnes, a year-on-year decline of 20,000 tonnes due to unfavourable weather, epidemic, and old and stunted trees," Tung said.

He called on the government to help farmers access cheap loans to improve their pepper plantations as well as hold on to their harvests stock to wait for higher price before selling.

To sustain growth the sector needs to focus more on developing brand names and invest more in technologies to diversify products and improve quality, he said.

Vietnam exports pepper to 80 countries and territories.

It has more than 50,000ha under the spice, mainly in the six provinces of Gia Lai, Dac Lac, Dac Nong, Binh Phuoc, Dong Nai, and Ba Ria-Vung Tau.

Pepper Offers Vietnam - Pepper recovers on buying interest

Vietnam was reportedly easier and offered V Asta at $6,500 (c&f) while Brazil B Asta was at $6,450-6,475 a tonne.

http://brazil-trade-business.com/pepper_vietnam

Pepper prices recovered on buying support on Wednesday. April opened at Rs 36,100 a quintal and May contract stood at Rs 35,295.
Short position holders, who were keeping the market low, were buying back. In fact, they were artificially creating high turnover, market sources told Business Line.
On the spot, 22 tonnes of fresh pepper arrived and that were all traded afloat at an average price of Rs 344 a kg.
Selling pressure continued to persist in Karnataka and low bulk density pepper was being moved out at low prices. Meanwhile, traders from Ernakulam district of Kerala were said to be buying heavily from Idukki for transporting by rail to upcountry markets, they said.
April contract on the NCDEX increased by Rs 65 to Rs 36,095. May contract went up by Rs 230 to Rs 35,225.
Total turnover decreased by 341 tonnes to 461 tonnes. Total open interest dropped by 64 tonnes to 1,359 tonnes.
Spot prices remained unchanged at Rs 34,400 (ungarbled) and Rs 35,900 (MG 1) a quintal.
Indian parity in the international market was at $6,850 (c&f) for prompt and April shipments, while May was at $6,725 (c&f). Vietnam was reportedly easier and offered V Asta at $6,500 (c&f) while Brazil B Asta was at $6,450-6,475 a tonne.

Tuesday, April 16, 2013

Brazil Trade Business Group: Pepper exports up from Vietnam

Brazil Trade Business Group: Pepper exports dive on production woes

http://brazil-trade-business.com/pepper_vietnam

Pepper exports dive on production woes

http://www.thehindubusinessline.com/industry-and-economy/agri-biz/pepper-exports-dive-on-production-woes/article4620520.ece

Indian pepper has lost its glory in the world market as the major supplier of the spice following continued decline in production due to various factors. Vietnam has taken over the top slot in the world production and supply for about a decade now.

Output, yield

Pepper production, which was at 64,000 tonnes from 2.16 lakh hectare in 2003 with an yield of 296.3 kg/hectare, has declined to 48,000 tonnes in 2011 from 1.84 lakh hectares and to 43,000 tonnes in 2012. In 1993, the country produced 50,760 tonnes from an area of 1,89,370 hectares with a productivity of 268 kg/hectare.

Dwindling exports

Fall in Indian exports of pepper could be attributed to the strong domestic demand estimated at somewhere between 40,000 and 45,000 tonnes a year and the resultant comparatively high domestic prices making the commodity often non-competitive in the world market, Kishor Shamji, a pioneer in the trade and former President, IPSTA, told Business Line.

Vietnam gains

Vietnam, which produced only 9,750 tonnes of pepper from 6,700 hectares in 1993, raised its area to 30,600 hectares and produced 89,180 tonnes with an yield of 2,914 kg/hectare in a decade in 2003. From there, it increased its production to 1,09,400 tonnes in 2011 from 45,100 hectares with a productivity of 2,425 kg/hectare.
In 2012, according to International Pepper Community (IPC) statistics, India was pushed down to third place in production.

Kerala's scenario

The continuous fall in area and production in Kerala, which used to be the leader in pepper production in the country, is attributed to the drop in national pepper production.
According to the latest Economic Review of the State Government, “in Kerala, the area under pepper is estimated at 0.85 lakh hectares and production at 0.38 lakh tonnes during 2011-12. It is noted that the production has declined by 16.1 per cent in the respective period caused by erratic weather condition in growing regions and also on account of structural issues. Insect pest problem of erythrina(standard),weather viability, absence of alternate standards, poor productivity, fluctuating prices, etc. compounded the declining production”.

Global situation

The IPC has projected world pepper production for 2013 at 3,14,832 tonnes against 3,24,090 tonnes in 2012 and 3,17,750 tonnes in 2011.
According to this projection, India's position is at second slot in 2013. However, it would depend on the actual production in Indonesia.
Vietnam continues to hold the first position with 33.5 per cent share of world pepper production and where India contribute 16.1 per cent share with 2nd/3rd rank.

Monday, April 15, 2013

Deutsche Bank sees sugar a “compelling risk”

Sugaronline: Published: 04/09/2013, 4:18:49 PM

 

Deutsche Bank sees sugar a “compelling risk”


Deutsche Bank recommended investors buy into the "compelling" sugar market, which could offer gains of 25%, according to Agrimoney.
The bank joined the growth band of commentators, including Commerzbank and Phillip Futures, to caution over the gloom over raw sugar futures, which stood at 17.66 cents a pound at 07:00 New York time (12:00 UK time), within an ace of the two-year low of 17.47 cents a pound reached last week.
Expectations of sizeable production in Brazil, which is beginning its 2013-14 crushing season, may prove unfounded if weather delays the cane harvest, with the limited surplus of processing capacity limiting mills' ability to catch-up on losses later in the year.

"Any Brazilian production lost early on to rains will not be seen this crop year," Deutsche Bank said, estimating the country's cane harvest at 585m tonnes, well below some other estimates of a crop of 600m-tonnes plus.
Furthermore, the removal of the so-called Pis-Cofins tax this month "has the potential to increase [ethanol] economics, prompting producers to maximise[ethanol] production during July and August", rather than switching their cane processing towards making sugar.
"Moreover, the possibility of a gasoline price hike exists," which would enable higher ethanol values, and again tempt mills to turn more cane into biofuel rather than sweeteners.

"Despite the anticipated global surplus this year and next, we believe the risk-reward for sugar is compelling," the bank said, foreseeing prices as treading a range of 17-22 cents a pound, and recommending a purchase of front-month sugar futures.
The forecast factored in a breakeven cost of 18.40 cents a pound below which it becomes more attractive to produce hydrous ethanol than sugar, and 19.59 cents a pound for anhydrous ethanol.

Thursday, April 11, 2013

Price Update - VIETNAM B & W PEPPER


Pepper Outlook:
Looks like the Easter Holidays have heavily reduced the demand from Western countries. Demand from other regions has also flattened in the last couple of weeks. Market is easing a bit although most of the farmers could already sell some material from their first harvest and are now able to hold their position avoiding the market to decrease much.
Material is widely available, although most of buyers have just covered their needs for a short time ahead and they shall start to buy soon. Farmers might react to the new demand recovering the gap allowed in the last times.

Freights:
Only little adjustments from the Liners. Fares to Black Sea Ports have increased. Anyway validity goes by fortnightly updates and rates can increase for Second Half April. Please find our current price indications for your reference (in USD /Mt), 

FOB Ho Chi Minh, Vietnam

BLACK PEPPER
BP 400 g/l FAQ 5650
BP 450 g/l FAQ 5800
BP 480 g/l FAQ 5895
BP 490 g/l FAQ 5925
BP 500 g/l FAQ 5985
BP 550 g/l FAQ 6290
BP 500 g/l Recleaned 6290
BP 550 g/l ASTA 6599
BP 570 g/l ASTA (JUMBO) 6750

Black Pepper Skins …………………...…….   Please ask for Price    ………………...…...….
Black Pepper Dust …………………...…….   Please ask for Price    ………………...…...….

Pinheads 1/1.5 mm 1340
Pinheads 1/2 mm 2215
Pinheads 1.5/2.5 mm 2755
Light Berries 200 g/l FAQ 4155
Light Berries 250 g/l FAQ 4970
Light Berries 300 g/l FAQ 5380
Light Berries 350 g/l FAQ 5610

WHITE PEPPER
WP 630 g/l DW 9170
WP 630 g/l DW No Chemicals 9370

White Skins …………………...…….   Please ask for Price    ………………...…...….


Additional Services:
  • Mixed Products Shipments: Available.
  • Bulk Packing: 25/40/50 kg PP Bags, 25/50/60 kg Jute Bags, 25 kg Kraft Paper Bags
  • Retail Packing: 10 kg Kraft Paper Bags, 0.5/1/5/10 kg Plastic Bags, in Cartons.
  • Bags can be printed according to Buyer’s needs.



Our Product Catalogue
Our News Blog Sign up
Our Weekly Product offers, Sign up

Tuesday, April 9, 2013

Oilseeds Entelliprise - Nibulon expects to export grains, soybeans to Cuba (04/08

Oilseeds Entelliprise


Brazil Trade Business Group: Egypt to grow sunflowerseed in Sudan, reduce imports - Latest News at Entelliprise.com:

Brazil Trade Business Group: Egypt to grow sunflowerseed in Sudan, reduce imports - Latest News at Entelliprise.com:

http://brazil-trade-business.com/sunflower_oil_argentina_-_ukraine%EF%BB%BF%EF%BB%BF

Egypt to grow sunflowerseed in Sudan, reduce imports - Latest News at Entelliprise.com:

Egypt is planning to use farmland in Sudan for sunflower production in a few months and gradually become self-sufficient in sunflower oil, reports Reuters. The country hopes to phase out im .

http://www.entelliprise.com/External/News_full.aspx?DocNumber=6126

Emergency cash sent to Cyprus to save animals threatened by starvation during financial crisis - PR Newswire - The Sacramento Bee

Emergency cash sent to Cyprus to save animals threatened by starvation during financial crisis - PR Newswire - The Sacramento Bee

Monday, April 8, 2013

Pepper exports at all-time high - Brazil Trade Business Group

BUSINESS
Monday, Apr 08, 2013, Posted at: 13:15(GMT+7)
Pepper exports at all-time high
Export price of pepper from Vietnam in the first three months of the year went up between US$6,690-6,700 per ton, the highest in the past few years, ensuring healthy profits for both exporters and farmers. According to Vietnam Pepper Association, in the first quarter of this year, firms exported more than 39,000 tons of pepper, bringing in about $261 million in revenue, up 27 percent in volume and 23.6 percent in value compared to the same period last year.
Vietnam currently accounts for about 40 percent of market share in the global pepper market.

http://www.saigon-gpdaily.com.vn/Business/2013/4/104587/

Sunday, April 7, 2013

Global pepper may slip in medium-term - Business Line

Global pepper may slip in medium-term - Business Line

★ SOYBEAN OIL FROM ARGENTINA - Brazil Trade Business Group

Dear Valued Customer, we hope this email finds you well..
Our recent offers from Argentina as a indication:
  • Crude Degummed Soybean oil - 1370 USD/MT FOB Rosario
  • Refined Soybean oil - 1430 USD/MT FOB Rosario 
  • 99% crude Soybean oil + 1% Palmister (other vegetable oils) - 1330 USD/MT FOB Rosario
  • Packing - flexi-tanks per 22 MT. Up to 1000 MT per month.
  • Able to offer CFR/CIF terms, please advsie your destination
  • More info: http://goo.gl/kFUJq

Our Product Catalogue
For our Product offers, please Sign up here.

Looking forward to hearing from you, we remain.Sincerely, 

Marcellus G. van den Brom
Brazil Trade Business Group 



Fortaleza, Brazil
Brazil * USA * The Netherlands



★ COCOA Update Indonesia - Brazil Trade Business Group


Dear Valued Customer, we hope this email finds you well.Please find our updated prices for all of our Cocoa Products, as follows : 

FOB - INDONESIA
COCOA POWDER HIGH QUALITY GRADE FAT 10 - 12%
Made from Pure Cake
1. Natural Cocoa Powder US. 2747 /MT (BROWN)
2. Alkalized Cocoa Powder US. 2937 /MT (BROWN)
3. Alkalized Cocoa Powder US. 2997 /MT (DARK BROWN)
4. Alkalized Cocoa Powder US. 3047 /MT (DARK REDDISH BROWN)
5. Alkalized Cocoa Powder US. 3147 /MT (BLACKISH BROWN)

COCOA POWDER STANDARD QUALITY GRADE FAT 10 - 12%
Made from Flat Bean Mixing with Pure Cake
1.  Natural Cocoa Powder US. 2247 /MT (BROWN)
2.  Alkalized Cocoa Powder US. 2347 /MT (BROWN)
3.  Alkalized Cocoa Powder US. 2427 /MT (DARK BROWN)
4.  Alkalized Cocoa Powder US. 2547 /MT (DARK REDDISH BROWN)
5.  Alkalized Cocoa Powder US. 2627 /MT (BLACKISH BROWN)

COCOA POWDER LIGHTLY QUALITY GRADE FAT 10 - 12%
Made from Flat Bean Mixing with Cocoa Nibs
1.  Natural Cocoa Powder US. 1747 /MT (BROWN)
2.  Alkalized Cocoa Powder US. 1847 /MT (BROWN)
3.  Alkalized Cocoa Powder US. 1897 /MT (DARK BROWN)

COCOA POWDER LIGHTLY QUALITY GRADE FAT 4 - 9 %
Made from 100% Flat Bean
1.  Natural Cocoa Powder US. 1447 /MT (BROWN)
2.  Alkalized Cocoa Powder US. 1547 /MT (BROWN)
3.  Alkalized Cocoa Powder US. 1647 /MT (DARK BROWN)

UNDEODORIZED COCOA BUTTER NATURAL FFA 4-5% MAX
Cocoa Butter Natural Undeodorized US. 3197 /MT

UNDEODORIZED COCOA BUTTER NATURAL FFA 1.75% MAX
Cocoa Butter Natural Undeodorized with Ratio 1.77


Payment terms accepted as follows:
1. By Letter of Credit (L/C) with DOWN PAYMENT 40% upon signing Sales Contract.
2. By Telegraphic Transfer (T/T) with DOWN PAYMENT 50% after signing Sales Contract 50% of the BALANCE PAYMENT make after receive a copy of Bill of Lading by fax or scanning mail.
3. By 100% Confirmed Irrevocable L/C AT SIGHT from International First Class Bank.

Terms and Conditions apply:
  • Our order system is FIRST IN FIRST OUT SYSTEM.
  • Price offered valid until APRIL15th, 2013.
  • Delivery terms minimum 14-21days after receiving Down Payment (DP) or after we receive Letter of Credit (L/C).
  • Minimum order for cocoa powder is 17MT ( No Mixed Product ).
  • Total quantity for 20’ FCL is 17MT ( max ) while for 40’ FCL is 27MT ( max ) without pallets.
  • Net Weight is 25 kg with Kraft paper bag with inner plastics.

( Cocoa Butter ), able to provide 400 MT/month, but for now we can provide you 100MT/month. 
( Cocoa Powder ), able to provide 600 MT/month, but for now we can provide you 200MT/month.

More info: http://brazil-trade-business.com/cocoa_products_indonesia
Our Product Catalogue
For our Product offers, please Sign up here.
Looking forward to hearing from you, we remain.Sincerely, 

Marcellus G. van den Brom
Brazil Trade Business Group 



Fortaleza, Brazil
Direct + 55 (85) 3063.3036
Mobil  + 55 (85) 9675.4917
Skype : brazil-trade-business-group
BB Pin 
26D60CA8 
Web: 
brazil-trade-business-group
Brazil * USA * The Netherlands


A disclaimer is applicable to this email:
© 2013 All rights reserved. Brazil Trade Business Group is registered in the USA as Brazil Trade Business Group LLC,  113 Barksdale Professional Center Newark DE 19771, USA. The information contained in this e-mail is confidential and may be privileged. It may be read, copied and used only by the intended recipient. If you have received it in error, please contact the sender immediately by return e-mail; please delete in this case the e-mail and do not disclose its contents to any person. We, Brazil Trade Business Group LLC, don't accept liability for any errors, omissions, delays of receipt or viruses in the contents of this message which arise as a result of e-mail transmission.

Tuesday, April 2, 2013

China and Brazil sign $30bn currency swap deal — RT Business

China and Brazil sign $30bn currency swap deal — RT Business

BRAZIL: Jank says too much policy uncertainty to invest in new Sugar mills - Sugar Online


Published: 03/27/2013, 1:19:03 PM


Brazilian sugarcane producers probably won't start construction on new sugar and ethanol mills until the government revises its pricing policy for gasoline, according to Bloomberg.
Ethanol producers have little control over the price consumers will pay for the renewable fuel at the pump because it competes with gasoline, the price of which is set by state- controlled oil company Petroleo Brasileiro SA (PETR4), said Marcos Jank, who presided over the trade group UNICA from 2007 to 2012.
Some ethanol producers are selling the fuel at a loss, he said in an interview today. Cane processors may invest as much as US$8.5 billion expanding existing plants through 2020 and won't undertake any new projects.
"Who's going to invest BRL1 billion (US$499 million) in a new mill when you don't know what the price of gasoline will be in five years?" Jank said.
A revised gasoline-pricing policy that's more transparent and includes tax incentives would spur as much as $30.5 billion in investments in 65 new plants and expansions of existing ones through 2020, he said. Brazil is the world's biggest ethanol producer after the U.S. and the largest sugar maker.
About 30% of the fuel consumed by Brazil's light- vehicle fleet this year will be ethanol, down from 55% in 2008, he said. That may drop to 15% in 2020 without any major policy changes.
The Ministry of Mines and Energy didn't immediately reply to a telephone call and e-mail from Bloomberg News seeking comment. Spokesmen for Raizen Energia SA and Sao Martinho SA, the biggest ethanol producers, didn't immediately reply to messages Wednesday.

Brazil Increased Soy Exports, but slowed Corn

Oilseeds Entelliprise

Monday, April 1, 2013

PAKISTAN RICE UPDATE

Please see below our best possible Price Update for your kind consideration.


Commodity: Pakistani Long Grain Irri-6 White Rice
Broken: 5% Sortexed and Silky
Packing:50 Kgs PP Bags
Price: USD 460/-Per M. Ton FOB Karachi, Pakistan.
Commodity: Pakistani Long Grain Irri-6 White Rice
Broken: 10% Sortexed and Silky
Packing:50 Kgs PP Bags
Price: USD 450/-Per M. Ton FOB Karachi, Pakistan.

Commodity: Pakistani Long Grain Irri-6 White Rice
Broken: 15% Sortexed and Silky
Packing:50 Kgs PP Bags
Price: USD 445/-Per M. Ton FOB Karachi, Pakistan.

Commodity: Pakistani Long Grain Irri-6 White Rice
Broken: 25% Sortexed and Silky
Packing:50 Kgs PP Bags
Price: USD 425/-Per M. Ton FOB Karachi, Pakistan.
Commodity: Pakistani Long Grain Irri-6 White Rice
Broken: 100% Sortexed and Silky
Packing:50 Kgs PP Bags
Price: USD 375/-Per M. Ton FOB Karachi, Pakistan.

Commodity: Pakistani Long Grain Irri-9 Parboiled Rice
Packing:50 Kgs PP Bags
Price: USD 745/-Per M. Ton FOB Karachi, Pakistan.

Commodity: Pakistani PK-386 White Rice
Packing:50 Kgs PP Bags
Price: USD 820/-Per M. Ton FOB Karachi, Pakistan.

Commodity: Pakistani Super Kernal Basmati Rice
Packing:50 Kgs PP Bags
Price: USD 1320/-Per M. Ton FOB Karachi, Pakistan.
Commodity: D98 Basmati Rice
Packing:50 Kgs PP Bags
Price: USD 1080/-Per M. Ton FOB Karachi, Pakistan.
Notes:
Above rates are based on FOB, Karachi-Pakistan.
Above rates are excluding SGS Inspection and Insurance.
Rates Validity on 06-April-2013
Our Product Catalogue
For our Product offers, please Sign up here.