23rd January, 2014 Daily Exclusive Rice E-Newsletter by Riceplus Magazine

23rd January , 2014
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TOP Contents - Tailored for YOU Latest News Headlines

Pakistan Rice Sellers Lower Some of Their Quotes Today; Other Asia Rice Quotes Mostly Unchanged Philippines Government to Form Inter-Agency Team to Combat Rice Smuggling USDA Increases 2013-14 Global Rice Production Forecast to 471.1 Million Tons Cambodia Likely to Achieve One Million Tons Rice Export Target in 2015, Claims Minister Thailand Rice Farmers to Sue Caretaker Government Over Delayed Payments Oryza Overnight Recap Chicago Rough Rice Futures Silent Overnight Following Yesterdays Massive Sell-off in Beans Nigeria Targets 45% Increase in 2014 Dry Season Rice Crop Oryza Afternoon Recap Chicago Rough Rice Futures Erase a Portion of Yesterdays Losses as Market Returns to Technically Supportive Territory Oryza Rice Currency Analysis for Today Argentina Peso Down 1.1% Oryza U.S. Rough Rice Recap Despite Limited Trade Activity, Sellers Continue to Hold Out for Higher Prices Italian Paddy Prices Hold Firm on Domestic Demand Start Young: Ghana Tries to Develop a Taste for Domestic Rice, Starting with Schools A New Trend? Cambodia Exports Rice to South Korea Like 'White on Rice', or Rice for White? Oryza Global Rice Quotes
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Pakistan Rice Sellers Lower Some of Their Quotes Today; Other Asia Rice Quotes Mostly Unchanged
Jan 22, 2014
Pakistan rice sellers lowered their quotes for parboiled rice by about $10 per ton to around $400 - $410 per ton today. Other Asia rice sellers kept their quotes mostly unchanged. 5% Broken Rice Thai 5% rice (of new crop) is quoted around $435 - $445 per ton, about a $35 per ton premium over Viet 5% rice shown around $400 - $410 per ton. Thai 5% rice of the old crop is shown around $370 - $380 per ton. Indian 5% rice is quoted around $405 - $415 per ton, about a $15 per ton premium over Pak 5% rice quoted around $390 - $400 per ton. 25% Broken Rice Thai 25% rice (of new crop) is quoted about $390 - $400 per ton, about a $15 per ton premium over Viet 25% rice shown around $375 - $385 per ton. Thai 25% rice of the old crop is shown around $345 - $355 per ton. Indian 25% rice is quoted about $350 - $360 per ton, about a $5 per ton premium over Pak 25% rice quoted around $345 - $355 per ton. Parboiled Rice Thai parboiled rice of the old crop is quoted around $455 - $465 per ton. Indian parboiled rice is quoted around $395 - $405 per ton, about a $5 per ton discount to Pak parboiled rice quoted around $400 - $410 per ton, down about $10 per ton from yesterday. 100% Broken Rice Thai broken rice, A1 Super, of the old crop is quoted around $305 - $315 per ton, about a $50 per ton discount to Viet broken rice shown around $355 - $365 per ton. Indian broken sortexed rice is quoted about $295 - $305 per ton, about a $25 per ton discount to Pak broken sortexed rice quoted around $320 - $330 per ton.
Philippines Government to Form Inter-Agency Team to Combat Rice Smuggling

Jan 22, 2014
The Philippines government is planning to establish an inter-agency team to fight rice smuggling.The new team will include representatives from the Department of Justice (DOJ), the Department of Agriculture (DOA), the National Food Authority (NFA), and the Bureau of Customs (BOC), locals sources say. The National Bureau of Investigation (NBI) chief says that coordinated efforts of different departments will help curb rice smuggling into the Philippines. Reducing rice imports is one of the goals of the government but high production costs and import tariffs lead to entry of smuggled rice into the country. According to the BOC, the government loses a revenue of around P7 billion (around $154 million) annually due to rice smuggling. Recently, the BOC said that it has to release seized shipments as the importers and alleged smugglers are getting court injunctions as a part of a new strategy to get smuggled rice in to the country.
Tags: Philippines rice imports, Philippines rice smuggling
USDA Increases 2013-14 Global Rice Production Forecast to 471.1 Million Tons
Jan 22, 2014
The USDA has increased its forecast for 2013-14 global milled rice production to around 471.1 million tons, up about 500,000 tons from its December 2013 forecast of 470.6 million tons, and up about 72,757 tons from an estimated 471.02 million tons produced in 2012-13. The USDA says that much of the increase in rice production this year is due to larger cultivated area which is expected to reach a record 160.1 million hectares in 2013-14, up about 2% from around 157.4 million hectares in 2012-13. However, average global rice yield is expected to decline to around 4.39 tons per hectare, down about 1% from around 4.4 tons per hectare in 2012-13 because of adverse weather conditions in China and India, the world's two largest rice producing countries.The USDA increased its 2013-14 rice production forecast for Pakistan, the U.S. and Brazil. Pakistan's 2013-14 production forecast is up by around 400,000 tons to about 6.4 million tons due to better-than-expected monsoon rains and higher yields from the hybrid varieties. The USDA increased the U.S. 2013-14 crop estimate by 154,000 tons to about 6.05 million tons due to slightly higher area and yield. The agency also increased Brazil's 2013-14 rice production forecast by 100,000 tons to 8.3 million tons due to slightly larger area and an even higher record yield. The USDA also made small upward revisions to Spain and Kazakhstan 2013-14 rice production estimates.The USDA also increased its 2013-14 global consumption forecast to a record 473.1 million tons, up about 200,000 tons from its December 2013 forecast of 472.9 million tons, and up about 4.7 million tons or about 1% from an estimated 468.2 million tons in 2012-13. The USDA says that rice consumption in 2013-14 is expected to increase in Bangladesh, Brazil, Cambodia, China, Egypt, India, Indonesia and Vietnam, but decline in Japan and South Korea.The USDA increased its forecast for 2013-14 global ending stocks to 105.2 million tons, up 900,000 tons from its December 2013 forecast of 104.1 million tons, but down about 1.9 million tons from 2012-13 stocks of 107.1 million tons. The U.S. agency increased its 2013-14 global ending stocks forecast for Pakistan, the Philippines and Thailand, while it lowered its forecast for China, India, Indonesia, Vietnam and the U.S. The USDA projects Thailand will have highest rice stocks in 2013-14 and Vietnam to carry lowest stocks. The USDA slightly lowered the global stocks-to-use ratio for 2013-14 to 22.2%. The USDA says that global rice trade is likely to reach a record 40.2 million tons in calendar year 2014, up about 400,000 tons or about 1% from its December 2013 forecast of 39.8 million tons, and up about 1.9 million tons or about 5% from 38.3 million tons in 2013. The U.S. agency increased Pakistan's 2014 export forecast to 3.4 million tons, up about 400,000 tons or about 13% from its December forecast of 3 million tons based a larger crop. The USDA increased the Philippines 2014 rice import forecast to 1.4 million tons, up about 200,000 tons or about 16% from its December 2013 forecast of 1.2 million tons due to government plans to improve rice buffer stocks. The USDA projects Thailand's export prices for most rice varieties to continue to decline this year. Average prices of Thailand's high-quality regular-milled white rice have declined by about 4% over the last one month, while prices for medium- and lower-quality rice have declined by about 10% in the same period.
Tags: global rice production, USDA Rice outlook
Cambodia Likely to Achieve One Million Tons Rice Export Target in 2015, Claims Minister
Jan 22, 2014
Cambodia is close to achieving its goal of exporting one million tons of rice in 2015, according to the country's Minister of Commerce.Cambodia exported 378,856 tons of rice in 2013, 84% more than around 201,899 tons in 2012. Cambodias rice exports have grown steadily since 2010 when the government targeted exports of one million tons of milled rice by 2015. According to local sources, Cambodia exported around 105,000 tons of rice in 2010; about 202,000 tons of rice in 2011; and about 206,000 tons of rice in 2012. Cambodia exported around 378,856 tons of rice in 2013, up about 84% from the previous year.A government report states that nearly 84 companies in Cambodia export rice to about 16 countries. Cambodia exports mostly to the EU nations. According to the EU data, Cambodia exported around 195,544 tons of rice to the EU in Marketing Year (MY) 2012-13 (October - September), which is up about 79% from previous year. The EU's rice imports consist 16% of Cambodian rice. Cambodias Commerce Minister says that Cambodia rice is gaining popularity in export markets. The minister says that Cambodian fragrant rice, which was awarded the world's best rice for two consecutive years, is famous for its delicious flavor and has a good export market. The minister claims that Cambodia can produce about 9 million tons of paddy rice yearly, of which around 3 million tons of milled rice could be exported.However, the USDA estimates Cambodias MY 2013-14 rice production to reach around 4.9 million tons (milled basis), up about 6.5% from around 4.6 million tons in the MY 2012-13. Rice consumption in Cambodia is estimated at around 3.8 million tons, while Cambodias rice exports are expected to increase to around 1 million tons in MY 2013-14, up slightly from around 975,000 tons in MY 2012-13.
Tags: Cambodia rice exports
Thailand Rice Farmers to Sue Caretaker Government Over Delayed Payments

Jan 22, 2014
Members of the Thai Rice Growers Association (TRGA) led by its president met the Lawyers' Council of Thailand yesterday to file civil and criminal charges against the caretaker government, the Bank for Agriculture and Agricultural Cooperatives (BAAC) and ministers, over delay in payments under the rice mortgage program 2013-14 (October September).Some rice farmers in Thailand say the government has not paid them since October 2013 and have threatened to join protesters if the government does not clear the payments with 7.5% interest, according to local sources.The government's attempts to raise funds through the BAAC reserves have failed as BAAC executives are against using the bank's funds to fund the rice mortgage program. However, the Election Commission has left it to the government to decide over its debt restructuring program, a decision which allows the government to raise a loan of 130 billion baht (around $3.95 million) to fund the rice mortgage program.The Thai government declared a state of emergency in Bangkok and nearby provinces for 60 days to control ongoing political unrest there. New elections are scheduled to be held on February 2, 2014.
Tags: Thailand rice mortgage program
Oryza Overnight Recap Chicago Rough Rice Futures Silent Overnight Following Yesterdays Massive Sell-off in Beans
Jan 22, 2014
Chicago rough rice futures for March delivery are currently paused 3 cents per cwt (about $1 per ton) higher at $15.480 per cwt (about $341 per ton) as of 8:00am Chicago time. The other grains are seen mixed this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.3% lower, wheat was paused unchanged, and corn is noted about 0.5% higher.U.S. stock index futures pointed to a flat open on Wall Street on Wednesday, ahead of another busy day for quarterly earnings. The day will be a light for economic indicators, with U.S. mortgage applications being the only major indicator to watch. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 4.7% to 404.1 in the week ended Jan. 17. In Europe, the world's political and economic leaders, including Treasury Secretary Jack Lew, have gathered for the World Economic Forum in Switzerland, which starts on Wednesday. More than 2,500 participants are attending the event, which is expected to focus on rising income disparity. U.S. stock index futures are currently trading about 0.1% higher, gold is currently trading about 0.1% lower, crude oil is seen trading about 0.8% higher, and the U.S. dollar is currently trading about 0.2% lower at 8:00am Chicago time.
Tags: chicago rough rice futures
Nigeria Targets 45% Increase in 2014 Dry Season Rice Crop

Jan 22, 2014
The Nigerian government is targeting to increase rice production in the 2014 dry season crop to around 1.6 million tons, up about 45% from around 1.1 million tons produced in the previous year.Dry season rice crop, which usually begins in November February, accounts for around 40 - 45% of total rice production of around 2.7 million tons in Nigeria. Government spending is increasing on dry season rice crop to help reduce rice imports which currently stands at around 3 million tons. Last year, the government announced N9 billion (about $57 million) to support dry season crop in the country, but has increased it by around 55% to N14 billion (about $89 million) this year. While funds will be used for increasing production of wheat and groundnut, most of the funds will be used to provide rice seedlings, subsidized fertilizers and other inputs to boost rice production in key rice growing states.The president says that government support for dry season crop in Nigeria should begin in October and not in January to help farmers prepare well for planting. He has also promised better market facilities for farmers to sell their rice. According to local sources, about 20 states are participating in dry season crop farming this year, up from around 10 states in 2013.However, it is a challenge for Nigeria to achieve the targeted 100%
self-sufficiency in rice in 2015. According to the USDA, Nigeria consumes about 6 million tons of rice annually, against a production of 2.7 million tons. Total imports in 2013-14 are estimated at around 3 million tons. The Nigerian government hopes that dry season crop production will increase significantly this year and is exploring possibilities to introduce more rice crops to help improve rice production.
Tags: Nigeria rice production
Oryza Afternoon Recap Chicago Rough Rice Futures Erase a Portion of Yesterdays Losses as Market Returns to Technically Supportive Territory
Jan 22, 2014
Chicago rough rice futures for March delivery settled 5.5 cents per cwt (about $1 per ton) higher at $15.505 per cwt (about $342 per ton). Rough rice futures recovered a portion of yesterdays losses and moved back above the closely watched 20-day moving average. Todays action has returned the market to technically positive territory and provides a more supportive outlook for the remainder of the weeks trade direction. However; a close below $15.450 per cwt (about $341 per ton) would be seen as a further bearish development. The negativity provided by the other grains was absent today as the complex finished the day mixed; soybeans closed about 0.1% lower at $12.7950 per bushel; wheat finished about 0.2% lower at $5.6125 per bushel; and corn finished the day about 0.3% higher at $4.2625 per bushel.U.S. stocks traded mixed on Wednesday as Wall Street appraised results from International Business Machines and others. The Dow Jones Industrial Average declined 26.81 points, or 0.2%, to 16,387.63. The S&P 500 rose almost 2 points, or 0.1%, to 1,845.71, with materials the weakest performer and energy the strongest of its 10 major sectors. The Nasdaq rose 18.20 points, or 0.4%, to 4,243.95. The dollar edged higher against the currencies of major U.S. trading partners. The 10-year Treasury note yield rose 2 basis points to 2.86%. Gold is trading about 0.2% lower, crude oil is seen trading about 1.9% higher, and the U.S. dollar is seen trading about 0.1% higher at about 2:00pm Chicago time.Tuesday, there were 236 contracts traded, down from 321 contracts traded on Friday. Open interest the number of contracts outstanding on Tuesday increased by 8 contracts to 7,125.
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market
Oryza Rice Currency Analysis for Today Argentina Peso Down 1.1%
Jan 22, 2014
U.S. dollar index was up +0.10% from the open today, when it traded at 81.181 at the close. Euro was weaker -0.09% today by the close, trading around 1.3549 by end of day, after trading between an intraday high of 1.3583 and low of 1.3535.
Thai baht was weaker -0.02%, trading at 32.922 at the close of business. Indian rupee was stronger +0.11% at 61.8250. Brazilian real was -0.54% weaker than the open at todays close, when it ended at 2.3733 reais per dollar. Pakistan rupee was +0.09% stronger at 105.4125. Vietnamese dong was +0.02% stronger, trading at 21090. Mexican peso was -0.32% weaker today, when it traded at 13.3148 pesos per dollar by the close of business today. Chinese yuan was weaker -0.02%, trading at 6.0515. Argentine peso was -1.15% weaker, trading at 6.9641 pesos per dollar.
Tags: foreign exchange rates
Oryza U.S. Rough Rice Recap Despite Limited Trade Activity, Sellers Continue to Hold Out for Higher Prices
Jan 22, 2014
The U.S. cash market remains firm despite limited trade activity as sellers hold out for higher prices as supplies tighten. Analysts contend that many buyers will likely have to pay up to get farmers to move their rice although most insist that there is very little demand at the level most farmers are asking for. As of today, offers could be found around $15.55-$16.66 per fob farm (about $343-$367 per ton), depending on where they are located in the U.S. mid-South, for January through March shipment.Bids from larger mills were still said to be around $15.00 per cwt (about $331 per ton) while bids for exporters increased to around $15.50 per cwt (about $342 per ton), both for January through March delivery, although there were still reports of smaller mills paying between $16.00-$16.25 per cwt (about $353-$358 per ton) for delivery before April.In other news, the USDA will delay the release of their weekly export sales data until Friday morning due to the MLK holiday on Monday.
Tags: U.S. rice prices, U.S. rice market
Italian Paddy Prices Hold Firm on Domestic Demand

Jan 22, 2014
The Italian paddy market is firm thanks only to the increase of Long A and medium paddy prices, demanded by the domestic market. Yesterday at the Milan commodities exchange the quotes of varieties Vialone Nano, Baldo e Roma increased 50 euros (about $67) per ton compared to the previous week, while Carnaroli increased 20 euros (about $27) per ton. Export varieties are still pressed by competition from Asian rice, according to local sources; thus, there was very little price movement for Long B and round rices; such varieties advanced only 5 euros (about $6) per ton up and quotes remain down compared to one week ago. For the current crop year, about 51% of Long A rice has been sold, while only about 37% of Long B and 37% of round rice has been sold. Below find farm gate paddy quotes from the Milan grain exchange, as of January 21: Arborio rice was quoted 605-625 euros (about $819-846) per ton, one week ago 575-595 euros (about $782809) per ton Balilla rice was quoted 250-260 euros (about $338-352) per ton, compared to 255-265 euros (about $346-360) per ton one week ago Lido and similar varieties were quoted 290-310 euros (about $ 392-419) per ton, compared to 290-310 euros (about $394-421) one week ago Padano/Argo received no quotations, one week ago 570 euros (about $775) per ton Vialone Nano was quoted 715-750 euros (about $968-1,016) per ton, one week ago 665-700 euros (about $904952) per ton Thai Bonnet and similar varieties were quoted 245-255 euros (about $332-345 ) per ton, no variations on one week ago Sant'Andrea was quoted 510-530 euros (about $690-717) per ton, one week ago 490-510 euros (about $666693) per ton Ariete and similar varieties were quoted 315-335 euros (about $426-453) per ton, no variations on one week ago Carnaroli was quoted 610-630 euros (about $826-853) per ton, one week ago 590-610 euros (about $802-829) per ton Baldo was quoted 555-575 euros (about $751-778) per ton, one week ago 505-525 euros (about $687-714) per ton Roma was quoted 555-575 euros (about $751-778) per ton, one week ago 505-525 euros (about $687-714) per
ton Selenio was quoted 260-280 euros (about $352-379) per ton, one week ago 265-285 euros (about $360-387) per ton
Tags: italian paddy quotes
Start Young: Ghana Tries to Develop a Taste for Domestic Rice, Starting with Schools
Jan 22, 2014
The Chief Executive of Ghanas Kwaebibirim District, Emmanuel Osae, is encouraging rice producers in the region to sell their grains directly to local schools under the School Feeding Programme. The area is making a big push to improve consumption of domestic rice. The region is also working to improve rice production. Several private milling companies have purchased de-stoning machines, and this has encouraged rice producers to promote their brands locally. Improving the quality of rice in Ghana is a concern of the national government, as well. While rice consumption among the urban class is increasing, they tend to prefer Thai and U.S. rice. Ghana is estimated to import about 575,000 tons in 2013-14, equivalent to over half of the nations annual consumption of about 900,000 tons.
Tags: Ghana rice production, Ghana rice imports
A New Trend? Cambodia Exports Rice to South Korea

Jan 22, 2014
A Cambodian rice exporter and South Korean corporation have signed an agreement to begin exporting Cambodian rice to South Korea, starting this month. The South Korean corporation reportedly paid $2m for nearly 5,000 tons of jasmine rice and the promise for future business. South Korea typically imports mostly Thai, U.S. and Chinese rice, and this shift, while not large, may indicate a growing trend. Cambodia exported nearly 379,000 tons of rice last year, according to government data. This is an increase of 84% from the previous year.
Tags: Cambodia rice exports, South Korea rice imports
Like 'White on Rice', or Rice for White?
Jan 22, 2014
Producers and suppliers of rice starch are pressuring customers to choose this natural additive over the artificial color titanium dioxide that is commonly used in products such as chewing gum, sugar coated candies, printing inks, toothpaste, plastics, papers, paint and more. Titanium dioxide gives these items their white appearance.Although by some estimates titanium dioxide accounts for as much as 70% of the total production volume of pigments worldwide, there has been some media publicity recently concerning its possible classification as a carcinogen. The International Agency for Research on Cancer has found no conclusive link but has classified it as a possibly carcinogen to humans. Others are concerned about its possible link to asthma and Crohns disease. While there is no scientific proof that the ingredient is dangerous to humans, rice starch might just be a more consumer-friendly ingredient than titanium dioxide. With more customers gravitating toward natural and organic products, its an optimal time for rice starch to market itself as a viable alternative to titanium dioxide. While rice starch will increase production costs compared to titanium dioxide, it also has some benefits. Rice starch granules are finer than most other starches which results in a finished coating that is smoother and more even, making it excellent for confectionary and food products.
Tags: Titanium dioxide, rice starch
Oryza Global Rice Quotes

January 22nd, 2014 Long grain white rice - high quality Thailand 100% B grade 445-455 Vietnam 5% broken 400-410 India 5% broken 405-415 Pakistan 5% broken 390-400 Cambodia 5% broken 450-460 U.S. 4% broken 585-595 Uruguay 5% broken 625-635 Argentina 5% broken 625-635 Long grain white rice - low quality Thailand 25% broken 390-400 Vietnam 25% broken 375-385 Pakistan 25% broken 345-355 Cambodia 25% broken 425-435 India 25% broken 350-360 U.S. 15% broken 565-575 Long grain parboiled rice
Thailand parboiled 100% stxd 455-465 Pakistan parboiled 5% broken stxd 400-410 India parboiled 5% broken stxd 395-405 U.S. parboiled 4% broken 660-670 Brazil parboiled 5% broken 590-600 Uruguay parboiled 5% broken NQ Long grain fragrant rice Thailand Hommali 92% 945-955 Vietnam Jasmine 555-565 India basmati 2% broken 1515 -1525 Pakistan basmati 2% broken NQ Cambodia Phka Malis 895-905 Brokens Thailand A1 Super 305-315 Vietnam 100% broken 355-365 Pakistan 100% broken stxd 320-320 Cambodia A1 Super 365-375 India 100% Broken stxd 295-305 Egypt medium grain brokens NQ U.S. pet food 470-480 Brazil half grain 345-355 Medium grain milled U.S. Calrose 4% broken 620-630 Egypt medium grain 6% NQ All prices USD per ton, FOB vessel, oryza.com
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23rd January, 2014 Daily Exclusive Rice E-Newsletter by Riceplus Magazine

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23rd January, 2014 Daily Exclusive Rice E-Newsletter by Riceplus Magazine

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23rd January , 2014

Chinese COLOR SORTER as low as

TOP Contents - Tailored for YOU Latest News Headlines

Philippines Government to Form Inter-Agency Team to Combat Rice Smuggling

Jan 22, 2014

Thailand Rice Farmers to Sue Caretaker Government Over Delayed Payments

Tags: Thailand rice mortgage program

Nigeria Targets 45% Increase in 2014 Dry Season Rice Crop

Italian Paddy Prices Hold Firm on Domestic Demand

A New Trend? Cambodia Exports Rice to South Korea

Like 'White on Rice', or Rice for White?

Jan 22, 2014

Oryza Global Rice Quotes

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