XXII Jornadas del Arroz Zaragoza (Spain) 9 th March 2016 EU RICE MARKET. Damien PLAN European Commission DG AGRI

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1 XXII Jornadas del Arroz Zaragoza (Spain) 9 th March 2016 EU RICE MARKET Damien PLAN European Commission DG AGRI

2 Contents 1. EU Rice - Overview 2. EU Rice Trade Imports/Exports 3. EU Rice Market 2015/16 situation

3 3.000 EU Rice Production < EU Rice Consumption : 1 Mio T deficit (at least) Production ('000 t milled eq.) Domestic Use ('000t t milled eq.) Production 1.7 Mio T Consumption 2.7 Mio T Imports 1 Mio T (milled eq) 3

4 EU Japonica Rice (short grain): Self-Sufficiency Production ('000 t milled eq.) Domestic Use ('000t t milled eq.) Production 1.2 Mio T Domestic Use 1 Mio T Exports 0.2 Mio T (milled eq) 4

5 EU Indica Rice (long grain): Import Dependence Production ('000 t milled eq.) Domestic Use ('000t t milled eq.) Production 0.5 Mio T Domestic Use 1.5 Mio T Imports 1 Mio T (milled eq) 5

6 Contents 1. EU Rice - Overview 2. EU Rice Trade Imports/Exports 3. EU Rice Market 2015/16 situation

7 Total Total EU Rice EU Rice Imports Imports Imports - Overview overview 2014/15 Record : Mio T milled eq., excl. broken (broken rice imports: tonnes) + 13% Japonica Indica broken ES 2014/15 Rice Imports EXTRA-EU: T (4.5% total EU)

8 Total EU Rice Imports - Origin 2014/15: Mio T milled eq., excl. broken Uruguay 2,4% United States 3,7% Guyana 5,9% Vietnam 2,0% Other 2,3% India 22,9% Myanmar 6,5% Pakistan 13,8% Cambodia 22,0% Thailand 18,5% 8

9 Total EU Rice Imports - Destination 2014/15: Mio T milled eq., excl. broken ES 4.5% CZ 2,3% SE 2,5% PT 4,5% Other 7,3% UK 23,6% IT 6,8% DE 8,0% FR 17,2% NL 11,4% BE 11,7% 9

10 in tonnes milled eq EBA Imports Overview 2014/15 Record : tonnes (+21%) incl tonnes milled rice eq. (+24%) and tonnes broken rice (+14%) paddy husked milled / semi-milled broken + 21% / / / / / /15 ES 2014/15 Rice Imports from EBA: T (4% total EU) 10

11 Total EU Rice Exports - Overview 2014/15 Record: T milled eq., excl. broken % Japonica Indica broken ES 2014/15 Rice Exports EXTRA-EU: T (15% total EU) 11

12 Total EU Rice Exports - Destination 2014/15 Record: T milled eq., excl. broken Israel 1% Saudi Arabia Bosnia Herzegovina 2% 2% Canada 2% Norway 2% Serbia 3% Syria 4% Others 11% Turkey 42% Jordan 4% United States 5% Albania 6% Lebanon 7% Switzerland 9% 12

13 Total EU Rice Exports - Origin 2014/15 Record: T milled eq., excl. broken UK 2% PT 7% FR 2% RO Others 4% 2% BG 8% IT 49% ELL 11% ES 15% 13

14 Contents 1. EU Rice - Overview 2. EU Rice Trade Imports/Exports 3. EU Rice Market 2015/16 situation

15 Area ('000 ha) EU Rice Area: + 5.5% increase in Japonica Indica Total / / / / / / /16 Total EU Rice Area 2015: ha (+ 5.5% vs 2014) First increase in 4 years Contrast between Japonica (+18%) and Indica (-15%) 15

16 EU Rice Area per MS Italy Spain Portugal Greece France Hungary Bulgaria Roumania 2011/ / / / /16 Two major MS for rice: Italy (50% of EU) and Spain (30% of EU) ES 2015 rice area: ha (+8% vs 2014) 16

17 EU Paddy Rice Production Japonica Indica Total / / / / / / / / / /16 Production 2015 : 3 Million tonnes paddy (+10.5%) First increase in 4 years 75% Japonica 25% Indica

18 2015 EU Rice Production / Member State : Spain 28% Portugal 6% Greece 9% France Hungary 3% <1% Bulgaria 2% Romania 2% Italy 50% Production 2015 : 3 Million tonnes paddy (1,7 Million tonnes in milled eq.) 75% Japonica 25% Indica 18

19 EU Total Rice Production 2015: % 2015 EU paddy rice production: tonnes (+10.5%) 2015 ES paddy rice production: tonnes of paddy (+5%) (28% EU total)

EU Japonica Rice Production 2015: + 24% 2015 EU Japonica paddy production : 2 262 000

20 EU Japonica Rice Production 2015: + 24% 2015 EU Japonica paddy production : tonnes (+24%) 2015 ES Japonica paddy production : tonnes (+10%) (21% EU total)

21 EU Indica Rice Production 2015: -16.5% 2015 EU Indica paddy production : tonnes (-16.5%) 2015 ES Indica paddy production : tonnes (- 1%) (47% EU total)

22 Spanish Paddy Rice Production Japonica Indica / / / / / / / / / / /16: tonnes of paddy (+5%) Japonica: tonnes (+ 10% vs 2014) 57% of ES total Indica: tonnes (- 1% vs 2014) 43% of ES total

23 /ton EU Rice Market Prices: recovery in IT Japonica ES Japonica ES Indica IT Indica sep-2013 dic-2013 mar-2014 jun-2014 sep-2014 dic-2014 mar-2015 jun-2015 sep-2015 dic-2015 mar-2016 Source: MS notifications

24 EURO/tonne EU Rice Market Prices: above average levels IT japonica IT Indica ES Japonica ES Indica 332 Feb IT Japonica 380 Feb ES Japonica Feb ES Indica 303 Feb IT Indica ' ' ' '

25 Conclusions EU Rice Market 2015: EU paddy prices recovery (tight supply/demand early 2015) Good year for EU rice production : high area + good yields; sharp contrast Japonica (+24%) Indica (-17%) Record year for EU rice trade (record imports of Indica, record exports of Japonica) EU Rice Market 2016: Supply: high (Japonica: high production, Indica: high imports) Demand: to be seen (in particular Japonica exports) Prices: still above average levels

26 Thank you for your attention More information at: Follow-up:

Rice market situation

Rice market situation DG AGRI C.5 Management Committee for the Common Organisation of Agricultural Markets / Rice 24/10/2013 World market mio t 700 600 500 400 300 200 100 - World rice balance sheet Trade