Daily Exclusive ORYZA Rice E-Newsletter

December 04 ,2015
Vol 5,Issue XII

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www.riceplusmagazine.blogspot.com

Daily Exclusive ORYZA Rice E-Newsletter

FAO Global Rice Price Index Declines for

Fifteenth Consecutive Month
Dec 03, 2015

The FAO All Rice Price Index declined to around 196 points in November 2015, down about
1.5% from around 199 points in October 2015 significant falls in the Japonica and Aromatic rice
quotations during the month. The FAO index has been declining continuously since September
2014, and has reached the lowest level this month since January 2008. It declined about 15.8%
during the last one year.
According to the FAO, the Higher quality and Lower Quality Indica sub-indices increased by
about 0.5% and 1.7% respectively to around 180 points and 179 points. However, the Japonica
and Aromatic sub-indices declined about 2.5% and 5.1% to around 146 points and 245 points
respectively.
In January - November 2015, the FAO All Rice Price Index averaged 212 points, down about
10.3% from around 236 points during the same period last year. Sub-index for higher quality
Indica rice prices declined about 11.3% y/y and sub-index for lower quality Indica rice prices
declined about 9% y/y. Aromatic rice price sub-index declined about 31.9% y/y. However, subindex for Japonica rice prices increased about 0.5% y/y.

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According to the FAO, rice quotations in Thailand were stable to slightly higher except for the
Thai Hom Mali rice quotations, which dipped about 10% due to the arrival of new crop supplies.
Prices in India were stable and the Basmati rice quotations improved on expectation of new sales
to Iran. Quotations in Vietnam increased during the month due to increased demand from
Indonesia and the Philippines. Quotations in Pakistan also increased due to fresh demand from
Africa. Prices in the Americas declined while those in Brazil increased due to the real
appreciation against the USD, according to the FAO.
During November 2015, average rice export quotations (on fob basis) of Thai 100% broken rice,
Thai 5% rice, Thai 25% rice, and Thai A1 Super rice increased to around $380 per ton, $368 per
ton, $359 per ton and $329 per ton respectively. Average export prices of Thai parboiled rice and
Thai Fragrant rice declined to around $371 per ton and $886 per ton respectively.
Export prices of Vietnam 25% broken rice increased to around $345 per ton. Quotations of India
25% broken rice declined to around $310 per ton and those of and Pakistan 25% broken rice
increased to around $287 per ton. While U.S. 4% broken rice variety increased to around $500
per ton, U.S. California 4% rice declined to around $815 per ton. Uruguay 5% rice remained
unchanged at around $510 per ton.

Japan Buys and Sells 2,578 tons of Whole

Grain Rice and 1,258 Tons of Broken Rice in
3rd SBS Tender of FY 2015 Dec 03, 2015
Japan has bought and sold a total of around 2,578 tons of whole grain/brown rice of the U.S.,
Australia, Pakistan, Thailand and China origins; and around 1,258 tons of broken rice of the
U.S., Thailand, China and Myanmar origins, in the third SBS (Simultaneous Buy-Sell) tender of
FY 2015-16 (April - March), according to official sources. The tender was conducted on
November 18, 2015.
The tonnage and price details of different types of rice imported are as follows:
Whole grain rice:
Broken rice:
A tax equivalent to about 8% is applicable on all purchases and sales.
Under the SBS tender, Japan government buys rice of various origins from Japanese traders at
one price and then simultaneously sells the rice back to those same companies, at a higher price,
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for sale in the domestic market. Usually the difference between the buying price and selling price
is set by the government.

Japan Buys 39,839 Tons of Non-glutinous

Long-Grain Rice in Tender
Dec 03, 2015

Japan has purchased about 39,839 tons of non-glutinous rice from Thailand and the U.S. in
tender, according to official sources.Japan bought 24,000 tons of non-glutinous long-grain rice
from the U.S.; and about 15,839 tons of non- glutinous long-grain rice from Thailand. A total of
33 bidders (17 for long-grain U.S. rice and 16 for long-grain Thai rice) participated in bidding
that took place on November 27, 2015. Average price of the imported rice is around JPY 83,804
per ton (around $681 per ton) excluding tax and around JPY 90,508 per ton (around $735 per
ton) including tax.The results pertain to the seventh ordinary import tender issued by Japan in FY
2015-16 (April- March).

Oryza CBOT Rough Rice Futures Recap Chicago Rough Rice Futures Continue to
Crater on Technical Weakness and Lack of
Demand while Other Grains Rally on Euro
Strength Following ECB Announcement
Dec 04, 2015

Chicago rough rice futures for Jan delivery settled 16 cents per cwt (about $4 per ton) lower at
$11.235 per cwt (about $248 per ton). The other grains finished the day sharply higher on euro
strength; Soybeans closed about 0.6% higher at $8.9750 per bushel; wheat finished about 2.5%
higher at $4.7875 per bushel, and corn finished the day about 1.8% higher at $3.7700 per bushel.
U.S. stocks traded lower Thursday as traders were worried the Fed would hike rates while the
economy is too weak.
Investors also weighed disappointment over the level of stimulus in the euro zone after the
European Central Bank's decision. The S&P 500 fell more than 1% afternoon trade, falling back
into negative territory for the year in intraday trade. Health care fell 2% to lead all 10 sectors
lower. Traders also said markets were still on edge over the latest news surrounding
Wednesday's shooting in San Bernardino, California. The motive in the killings was unclear.
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Futures dipped in pre-market trade after ECB President Mario Draghi said the central bank
would extended its asset purchase program to at least March 2017 but did not increase the
amount, falling short of expectations.
In economic news, ISM nonmanufacturing for November came in at 55.9, down from 59.1 in
October. U.S. factory orders rose 1.5% in October, beating expectations of 1.3%. Initial jobless
claims rose to 269,000. In midday trade, the Dow Jones industrial average declined 142 points,
or 0.81%, to 17,586. The S&P 500 traded down 18 points, or 0.88%, to 2,060, with energy
leading all 10 sectors lower. The Nasdaq composite traded down 53 points, or 1%, to 5,069.
Gold is seen trading about 0.8% higher, crude oil is seen trading about 3.4% higher, and the U.S.
dollar is seen trading about 2.1% lower at about 1:00pm Chicago time.Wednesday, there were
1,763 contracts traded, up from 1,591 contracts traded on Tuesday. Open interest the number
of contracts outstanding on Wednesday increased by 447 contracts to 13,427.

India Rice Sellers Lower Some of Their

Quotes Today; Other Asian Rice Quotes
Remain Unchanged
Dec 03, 2015

India rice sellers lowered their quotes for 5% broken rice variety by about $5 per ton to around
$345 - $355 per ton today. Other Asian rice sellers have kept their quotes unchanged from
yesterday.
5% Broken Rice
Thailand 5% rice is indicated at around $350 - $360 per ton about $20 per ton discount on
Vietnam 5% rice shown at around $370 - $380 per ton. India 5% rice is indicated at around $345
- $355 per ton, about $25 per ton premium on Pakistan 5% rice shown at around $320 - $330 per
ton.
25% Broken Rice
Thailand 25% rice is indicated at around $335 - $345 per ton, about $20 per ton discount on
Vietnam 25% rice shown at around $355- $365 per ton. India 25% rice is indicated at around
$320 - $330 per ton, about $25 per ton premium on Pakistan 25% rice shown at around $295 $305 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $345 - $355 per ton. India parboiled rice is
indicated at around $340 - $350 per ton, about $65 per ton discount to Pakistan parboiled rice
last shown at around $405 - $415 per ton.
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100% Broken Rice
Thailand broken rice, A1 Super is indicated at around $325 - $335 per ton, about $5 per ton
discount to Vietnam 100% broken rice shown at around $330 - $340 per ton. India's 100%
broken rice is shown at around $280 - $290 per ton, on par with Pakistan broken sortexed rice
shown at around $280 - $290 per ton.

Global Rice Quotes

December 4th, 2015
Long grain white rice - high quality
Thailand 100% B grade
360-370
Vietnam 5% broken 370-380

India 5% broken
345-355

Pakistan 5% broken 320-330

Myanmar 5% broken 405-415

Cambodia 5% broken 415-425

U.S. 4% broken
485-495

Uruguay 5% broken 515-525

Argentina 5% broken 530-540

Long grain white rice - low quality

Thailand 25% broken 335-345

Vietnam 25% broken 355-365

Pakistan 25% broken 295-305

Cambodia 25% broken

400-410
India 25% broken
320-330

U.S. 15% broken

515-525

Long grain parboiled rice

Thailand parboiled 100% stxd
345-355
Pakistan parboiled 5% broken stxd 405-415
India parboiled 5% broken stxd
340-350
U.S. parboiled 4% broken
590-610

Brazil parboiled 5% broken 545-555

Uruguay parboiled 5% broken

NQ

Long grain fragrant rice

Thailand Hommali 92%
700-710

Vietnam Jasmine
435-445

India basmati 2% broken

NQ

Pakistan basmati 2% broken NQ

Cambodia Phka Mails

830-840

Brokens
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Thailand A1 Super 325-335

Vietnam 100% broken

330-340
Pakistan 100% broken stxd 280-290
Cambodia A1 Super 355-365

India 100% broken stxd

280-290
Egypt medium grain brokens NQ

U.S. pet food 330-340

Brazil half grain

NQ

All prices USD per ton, FOB vessel, oryza.com

U.S. Long Grain Rice Finds Place in U.K.

Retail Outlets After a Decade
Dec 03, 2015
The U.S. parboiled long-grain rice brand Aunt Caroline is now available in the U.K. retail outlets
after a gap of nearly ten years, according to Stuttrart Daily Leader.U.K.'s leading rice importer
S&B Herba Foods has reportedly worked with the Walmart-owned ASDA supermarket chain in
the U.K. for placing the U.S. brand on its shelves. A specific size pack of 5 kilogram packs have
been developed to appeal to the consumers who prefer to eat rice as part of their daily diet. The
product is currently placed in about 60 ASDA outlets across the U.K., and plans are underway to
place it in all the 525 outlets in 2016.
"We are delighted to be selling U.S. parboiled long grain rice after such a long absence," said an
official from S&B Herba Foods. "It has taken a lot of time and effort to persuade retailers to see
the opportunities that high quality, consistent U.S. long grain rice offers," he added.He also noted
that the retail sales of the U.S. rice brand began this October and the response so far has been
good. He expressed hope that they can convince other retailers as well.The export price of the
U.S. parboiled long-grain rice is currently quoted at around $600 per ton.

Oryza U.S. Rough Rice Recap Prices

Continue to Plummet, Despite Uptick in
Export Sales
Dec 04, 2015

The U.S. cash market continued its plummet lower today despite exports sales recovering a bit
from last week and a weaker U.S. dollar.

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The USDA reported that cumulative net export sales for the week that ended on November 26th,
totaled 53,700 tons, an increase of 59% from the previous week and 11% higher than the prior 4week average.
Increases were reported for the following destinations including: 24,000 ton to Japan, 19,000
tons to Haiti, 5,000 tons to Guatemala, 2,000 tons to New Guinea, and 1,800 tons to Taiwan
while a reductions of 2,200 tons was reported for Colombia.
U.S. rice exporters shipped 54,300 tons, an increase of 95% from than last week but unchanged
from the prior 4-week average.
Increases were reported for the following destinations including: 13,200 tons to Mexico, 12,100
tons to Japan, 12,000 tons to Haiti, 9,300 tons to Colombia, and 2,100 tons to Canada.

Guyana Rice Exports Increase About 10%

y/y in First Eleven Months of 2015, Says
GRDB Official
Dec 03, 2015

Guyana has exported around 497,176 tons of rice in the first eleven months (January November) of 2015, up about 10% from around 451,422 tons exported during the same period
last year, local sources quoted the General Manager of the Guyana Rice Development Board
(GRDB).The GRDB official noted that the industry is optimistic that this year's rice exports will
cross last year's record export figure. Guyana exported about 501,208 tons of rice in 2014, up
about 27% from around 394,988 tons exported in 2013, according to the GRDB.
Meanwhile the country's 2015 rice production up to the end of November reached 681,517 tons,
up about 7% from around 635,235 tons produced in the whole year of 2014. The GRDB told
local sources that the government is under pressure to find new markets for rice given the
increase in production and the loss of the Venezuelan market. "The government is committed to
assisting the farmers to find markets, and is currently working to tie up the Mexico market," he
said.

Wholesale Basmati Rice Prices in India Fall

on High Supplies, Sluggish Demand
Dec 03, 2015

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Wholesale basmati rice prices in India's capital, which have been increasing since the beginning
of November, have declined this week on adequate stocks from higher supplies and sluggish
demand, according to the Press Trust of India (PTI).Prices of common basmati rice declined to
around Rs.6,200 - Rs.6,300 per quintal (around $933 - $948 per ton) today from around Rs.6,300
- 6,400 per quintal (around $948 - $963 per ton) yesterday.Prices of Pusa 1121 declined to
around Rs.4,700 - 5,500 per quintal (around $707 - $828 per ton) from around Rs.5,000 - 6,000
per quintal (around $753 - $903 per ton) yesterday.
"Sufficient stocks on the back of higher supplies from producing regions against slackened
demand from retailers mainly kept pressure on rice basmati prices," traders were quoted as
saying.
Exclusive News have been shared with written permission of ORYZA.com with thanks