16th July, 2014 Daily Exclusive ORYZA E-Newsletter by Riceplus Magazine

Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.
com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874

16
th
July, 2014

TOP Contents - Tailored for YOU
Latest News Headlines
Thailand Plans to Stabilize 2014-15 Main Crop Rice Prices at $264
per Ton
Oryza Global Rice Quotes
Have You Tried Rice Bran Oil Shampoo, Lotion?
Oryza Overnight Recap Chicago Rough Rice Attempts Recovery
following Massive Selloff Yesterday
Vietnam Rice Experts Call for a Viable Value Chain to Ensure Fair
Prices to Farmers
Bangladesh Plans Short-Term Ban on Rice Bran Exports to India to
Encourage Local Edible Oil Production
Brazil Paddy Rice Index Decline Slightly From Last Week
Cambodia Rice Federation Vows to Reform Rice Market, but
Farmers Sceptical?
Philippines Mulls Replacing Direct Price Support to Rice Farmers
with Production Support
ORYZA International Currency Analysis
Fall of Rice, Rise of Wheat Consumption in India, Says Survey

News Detail..
Thailand Plans to Stabilize 2014-15 Main Crop Rice Prices at $264 per Ton
Jul 15, 2014

Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com

Oryza.com -
Thailand's military government is planning to stabilize prices of white rice from the 2014 main crop (April -
January) at around 8,500 baht per ton (around $264), according to Bloomberg.

Director General (DG) of Department of Internal Trade told reporters that the government would not buy rice
directly from farmers and they are instructing millers to buy rice from 2014-15 main crop harvest, which will
start coming from November 2014 and will continue till January 2015, at 100 - 200 baht (around $3 - $6) per
ton and store it in stockpiles for 3-6 months from November to July. He told that the government would provide
interest-free loans to millers who borrow money to buy and store rice. The DG also told that exporters should
maintain at least 500 tons of rice in stocks at all times. He stated that the government would not support prices
of jasmine rice. According to data from the FAO, the average wholesale prices of 5% broken white rice were at
around 11,174 baht (around $343 per ton) in May 2014, and those of 25% broken white rice were at around
10,200 baht (around $314) per ton.

Oryza Global Rice Quotes
July 15th, 2014
Long grain white rice - high quality
Thailand 100% B grade 435-445
Vietnam 5% broken 425-435
India 5% broken 435-445


Pakistan 5% broken 435-445
Cambodia 5% broken 440-450
U.S. 4% broken 550-560
Uruguay 5% broken 625-635
Argentina 5% broken 620-630

Long grain white rice - low quality
Thailand 25% broken NQ
Pakistan 25% broken 380-390
Cambodia 25% broken 410-420
India 25% broken 390-400
U.S. 15% broken 530-540

Long grain parboiled rice
Thailand parboiled 100% stxd 440-450
Pakistan parboiled 5% broken stxd 435-445
India parboiled 5% broken stxd 420-430
U.S. parboiled 4% broken 630-640
Brazil parboiled 5% broken NQ
Uruguay parboiled 5% broken NQ

Long grain fragrant rice


Thailand Hommali 92% 985-995
Vietnam Jasmine 585-595
India basmati 2% broken NQ
Pakistan basmati 2% broken NQ
Cambodia Phka Malis 845-855

Brokens
Thailand A1 Super NQ
Pakistan 100% broken stxd 335-345
Cambodia A1 Super 350-360
India 100% Broken stxd 315-325
Egypt medium grain brokens NQ
U.S. pet food 470-480
Brazil half grain NQ

Medium grain milled
U.S. Calrose 4% broken 1025-1035
Egypt medium grain 6% NQ
All prices USD per ton, FOB vessel, oryza.com

Have You Tried Rice Bran Oil Shampoo, Lotion?

Jul 15, 2014


Oryza.com -
Rice bran oil could soon feature in your vanity and first-aid case. Sherill Quintana,
a Laguna-based entrepreneur, has used rice bran oil's vitamins and nutrients into
beauty soaps, sun blocks, shampoos, lotions, scrubs and pain relief products.

Rice bran oil is extracted from the hard outer brown layer of rice after chaff (rice
husk). Popular as a cooking medium in Asian countries like Japan and China, it is
suitable for stir and deep frying as contains Vitamin E and A, Oryzanol. On the
health front, it is known to improve good cholesterol and relieve menopausal
women of hot flashes.

Oryza Overnight Recap Chicago Rough Rice Attempts Recovery following Massive
Selloff Yesterday

Jul 15, 2014
Oryza.com -
Chicago rough rice futures for Sep delivery are currently seen 5.5 cents per cwt (about $1 per ton) higher at
$12.950 per cwt (about $285 per ton) during the trading break in Chicago. The other grains are seen lower as
well this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.5% lower, wheat is
listed about 0.5% lower and corn is noted about 0.9% lower. U.S. stock index futures furthered their modest
advance on Tuesday after economic reports and ahead of U.S.

Federal Reserve Chair Janet Yellen's testimony before Congress. Separate economic reports had retail sales up
0.2 percent and import prices rising 0.1% in June. Third-quarter earnings were also in focus before the market
open, following better-than-expected numbers from Citigroup on Monday. Yahoo and Intel will report after
Wall Street closes. Gold is currently trading about 0.2% higher, crude oil is seen trading about 0.8% lower, and
the U.S. dollar is currently trading marginally higher at 8:45am Chicago time.

Vietnam Rice Experts Call for a Viable Value Chain to Ensure Fair Prices to
Farmers


Oryza.com
-
Experts say a proper rice value chain linking production, distribution and export channels is needed to ensure
fair prices to rice farmers, according to local sources.

Recently, rice price increases have been disproportionately high in urban areas of Mekong River Delta (MRD),
which contributes to more than 50% of Vietnam's rice output and exports, compared to rural areas and traders
and exporters are taking advantage of the situation, and the farmers are not benefited by the price increases.

Local sources say increased export orders from the Philippines, Malaysia, Africa and China have been putting
pressure on the domestic prices in the MRD. The government's rice stockpiling program also could hardly
provide correction to prices.

In certain urban areas of MRD, the prices of dry rice are ruling at around VND5,450 - VND5,550 per kilogram
(around $255 - $260 per ton), up about 4%-5% from early June, according to the Vietnam Food Association
(VFA). The long-grain varieties have increased to around VND5,650-VND5,750 (around $264 - $269 per ton),
up about 2% from early June. Husked rice prices increased to around VND7,000 per kilogram (around $328 per
ton), up about 4% from early June. The Head of the Institute of Policy and Strategy for Agriculture and Rural
Development said lack of connectivity between farmers, exporters and unfair competition among business is
causing such differentiated price increases/decreases.

According to the Food and Agriculture Organization (FAO), average prices of 25% broken rice in Vietnam are
at around VND7,320 per kilogram (around $340 per ton) in June 2014, down about 2% from May 2014 and up
about 6% from around VND6,925 per kilogram (around $330 per ton) in June 2013.


Vietnam exported about 3.182 million tons of rice during January 1 - July 10, 2014, down about 22% from
about 4.1 million tons of rice exported in first seven months of last year, according to data from the Vietnam
Food Association (VFA).
Bangladesh Plans Short-Term Ban on Rice Bran Exports to India to Encourage
Local Edible Oil Production
Jul 15, 2014
Bangladesh government is planning to impose a temporary ban on rice bran exports to India to encourage local
edible oil production in the country, according to local sources.Sources at the Export Promotion Bureau (EPB)
told local media that the they would impose the ban after getting a clarity over the domestic production of rice
bran, its exports as well as imports of non-oily rice bran from India annually. Bangladesh imports non-oil rice
bran from India in exchange for rice bran exports. It also imports huge quantities of edible rice bran oil for local
consumption.

he Head of the Institute of Policy and Strategy for Agriculture and Rural Development said lack of connectivity between
farmers, exporters and unfair competition among business is causing such differentiated price
increases/decreases.According to the Food and Agriculture Organization (FAO), average prices of 25% broken rice in
Vietnam are at around VND7,320 per kilogram (around $340 per ton) in June 2014, down about 2% from May 2014 and
up about 6% from around VND6,925 per kilogram (around $330 per ton) in June 2013. Vietnam exported about 3.182
million tons of rice during January 1 - July 10, 2014, down about 22% from about 4.1 million tons of rice exported in first
seven months of last year, according to data from the Vietnam Food Association (VFA).
Jul 15, 2014

The Brazilian paddy rice index
maintained by CEPEA reached at
about 36.03 real per 50 kilograms
as of July 14, 2014, down about
0.22% from about 36.11 real per
50 kilograms recorded on July 7,
2014.
In terms of USD per ton, the index
reached at about $326 per ton on
July 14, 2014, down about 0.29%
from about $327 per ton recorded
on July 7, 2014.


Cambodia Rice Federation Vows to Reform Rice Market, but Farmers Sceptical?

Jul 15, 2014
Oryza.com -
The newly formed Cambodia Rice Federation (CRF) has vowed to address all problems of rice farmers, and
work towards reforming the country's rice market as a whole, but farmers and traders are sceptical of CRF's
promises in view of the past experiences with previous rice federations and associations.

Cambodia's rice farmers are dwelling under poor yields, poor market structures, and most importantly low
prices. The CRF was formed this May combining around 84 rice companies and 3 rice associations involved in
collection, production and export separately to centralize all rice market operations under one roof.

The farmers have been facing severe difficulties with traders and middlemen who mostly fix prices to farmers,
and they don't see any benefit from growing rice. Analysts say Cambodian rice market is plagued by irregular
market structures and poor yields, adding that in the absence of these issues, it could be in a competitive
position with Thailand or Vietnam in terms of rice exports. While the CRF claims to resolve all problems of rice
farmers by way of educating them about novel rice growing techniques as well as ensuring fair and right prices
to them, many farmers are far from trusting the newly-formed body. Some millers and exporters who merged
into the CRF are positive about the agency's capabilities and are hopeful of seeing a vibrant Cambodian rice
sector shortly.

Cambodia exported around 177,928 tons of rice in first half of calendar year 2014, up about 1% from about
175,959 tons rice exported in the same period last year, according to data from the Secretariat of One Window
Service of Rice Export Formality (SOWS-REF).

USDA estimates Cambodia to export around 1 million tons of rice in 2014, including both official and
unofficial exports to Vietnam.
Philippines Mulls Replacing Direct Price Support to Rice Farmers with Production
Support
Jul 15, 2014
Oryza.com -


The Philippines government is planning to remove price support to rice farmers in the form of Procurement by
the National Food Authority (NFA) and provide support to enhance paddy yield and lower the cost of
production, according to local sources.

Currently, the Philippines government provides price support to rice farmers through the National Food
Authority (NFA), which buys paddy rice from rice farmers at reasonable prices to ensure minimum profits to
them. However, the NFA's debts due to this procurement policy have been surging and are currently at around
P160 billion (around $3.67 billion). Consequently, the fiscal burden on the government has been increasing due
to subsidizing the NFA's debts.
The Presidential Assistant for Food Security and Agricultural Modernization told local media sources that the
government would remove the subsidies in a phased manner. He noted that the government is evaluating other
means of increasing rice farmers' incomes apart from direct price support. He also stated that the NFA Council
would review the NFA's rice subsidy program on July 16 and come up with its recommendations shortly.
Currently, the NFA buys paddy from farmers at P17 per kilogram (around $390 per ton) from farmers, and
spends another P1 per kilogram (around $23 per ton) drying and delivery to NFA warehouses. It sells well-
milled rice at P34 per kilogram (around $781 per ton) and regular-milled rice at P27 per kilogram (around $620
per ton).Separately, the Agriculture Secretary denied reports that the Philippines government is abandoning
2016 rice self-sufficiency target. He told local sources that the Department of Agriculture (DA) is targeting to
achieve 100% rice sufficiency by 2015. Some local farmers' groups urged the government to pursue its own
Food Staples Sufficiency Program (FSSP), which requires the NFA to increase paddy procurement from local
farmers. ryza Rice Currency Analysis for Today Brazil Real, Euro Decline 0.4%
Jul 15, 2014
ORYZA International Currency Analysis
U.S. dollar index was stronger +0.26% from the open today, when it traded at 80.403 at the close.
Euro was weaker -0.38% by the close, trading around 1.3567 by end of day, after trading between an intraday
high of 1.3628 and low of 1.3562.
Thai baht was stronger +0.03%, trading at 32.128 at the close of business.
Indian rupee was weaker -0.10% at 60.1350.
Brazilian real was weaker -0.40% at 2.2211 reais per dollar.
Pakistan rupee was +0.10% stronger at 98.6730.


Vietnamese dong was weaker -0.05% at 21200.
Mexican peso was weaker -0.04% today, when it traded at 12.9566 pesos per dollar by the close of business.
Chinese yuan was weaker -0.03% at 6.2079.
Argentine peso was stronger +0.01% at 8.1511 pesos per dollar.



The Brazilian paddy rice index maintained by CEPEA reached at about 36.03 real per 50 kilograms as of July 14,
2014, down about 0.22% from about 36.11 real per 50 kilograms recorded on July 7, 2014.In terms of USD per ton,
the index reached at about $326 per ton on July 14, 2014, down about 0.29% from about $327 per ton recorded on
July 7, 2014.
Fall of Rice, Rise of Wheat Consumption in India, Says Survey
The 68th National Sample Survey conducted in 2011-12 and released in June 2014 throws up some important and
interesting trends in rice and wheat consumption in India.

Here are the top points:
The consumption of rice has fallen marginally in a seven-year-
period and the consumption of wheat has risen similarly

Rural Indians eat more rice (6 kg a month) and wheat (4.3 kg a month)
than urban Indians (4.5 kg rice and 4 kg wheat a month respectively)

Rice consumption is negligible in Rajasthan in western India, while
eastern state Manipurs staple is rice.

Bihar loves both rice and wheat equally

Rural Uttar Pradesh eats twice the rice (4 kg per person per month) as
urban (2 kg), though they both eat same quantity of wheat (7 kg).
South, east and north-east loves rice while north and the west are
wheat lovers.
A Jammu & Kashmir citizen eats 3.3 kg wheat per month and 8 kg rice.
Kashmiris eat more rice than citizens of Jammu. In Uttarakhand, they eat
more wheat than rice, while it is the reverse in Himachal Pradesh

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