10th October, 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

10
th
October, 2014

TOP Contents - Tailored for YOU
Latest News Headlines
FAO Forecasts 2015 Global Rice Trade at 40 Million Tons,
Slightly Up from Last Year
FAO Forecasts 2014-15 Global Rice Production at 496.4 Million
Tons; Slightly Down from Previous Year
Global Rice Quotes
Flood-hit Farmers Want Uniform Compensation in Punjab
Pakistan
Oct 09, 2014
Oryza U.S. Rough Rice Recap - Lifeless Market ahead of
WASDE Report despite Healthy Export Sales
India Government Procures 31.65 Million Tons of Rice as of
October 1, 2014 in KMS 2013-14
Pakistan Basmati Rice Export Prices Increase for Second
Consequent Month in September 2014
Philippines Customs Raises $3.6 Million from Smuggled Rice
Auctions
China Government Buys 4.19 Million Tons of Early Summer Rice
to Stabilize Prices
Thailand Rice Sellers Increase Some of Their Quotes Today;
India Rice Sellers Lower Some of Their Quotes
Thailand Exports 6.6 Million Tons of Rice in First Eight Months
of 2014; Up 59% from Last Year
Argentina Exports 405,048 Tons of Rice in First Seven Months of
2014; Up 29% from Previous Year
Oryza Overnight Recap - Chicago Rough Rice Futures Close
Slightly Lower, despite Strong Export Sales, as Traders Prepare for USDA S&D Update

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

FAO Forecasts 2015 Global Rice Trade at 40 Million
Tons, Slightly Up from Last Year
Oct 09, 2014

The UN's Food and Agriculture Organization (FAO) has forecasted 2015 global rice trade at around 40 million
tons, slightly up from an estimated 39.7 million tons in 2014. According to the FAO, the increase is meagre
because many countries are expected to compensate production shortfalls from their national reserves though
some of them still depend on imports.On the imports side, the FAO estimates African countries to increase rice
imports by 3% in 2015 and contribute majorly to global rice trade. They are expected to import around 14.4
million tons of rice accounting for about 36% of world's total rice imports. It expects Nigeria, Cote D'Ivoire,
Senegal, South Africa, Benin, Cameroon, Kenya, Mozambique and Guinea Bissau to import more rice in 2015
to meet steady increases in consumption and falls in production.
The FAO estimates the imports of Asian countries, including Bangladesh, Indonesia, Sri Lanka, Turkey and the
Philippines, to decline to around 18.5 million tons or rice in 2015, down about 1% from an estimated 20.35
million tons in 2014. It estimates China's imports to increase significantly due to continuing high domestic
prices. It also expects Iran, whose imports declined temporarily due to increase in tariffs on basmati rice from
22% to 40% in July 2014, to increase imports in 2015.
The UN agency expects Latin American and the Caribbean countries to import around 3.7 million tons of rice
in 2015, up about 1.7% from an estimated 3.64 million tons in 2014. It expects Haiti, Nicaragua, Panama,
Venezuela and Brazil to contribute to increase in rice imports next year due to expected fall in production.In
North America, the FAO forecasts the U.S. rice imports to decline in 2015. In Europe, it expects imports by the
European Union to remain steady and imports by Russia to decline.
On the exports side, the FAO expects all Asian
countries except India to increase exports in 2015.
It expects Thailand to reclaim its world's top
exporter status in 2014 and continue it in 2015 as
well. It also expects Cambodia, China, Myanmar,
Pakistan and Vietnam to increase exports
significantly. In other part of the world, the FAO
expects Argentina, Australia, Brazil, Guyana and


the U.S. are expected to increase exports. It however, expects exports of Uruguay to decline in 2015 due to its
high production costs.
Tags: Global rice trade, Global rice imports, Global rice exports
FAO Forecasts 2014-15 Global Rice Production at
496.4 Million Tons; Slightly Down from Previous
Year
Oct 09, 2014

The UN's Food and Agricultural Organization
(FAO) has forecasted 2014-15 global rice
production at around 496.4 million tons, slightly
down from an estimated 498.4 million tons in 2013-
14; and down about 1% from its last month's
forecast of around 500.4 million tons. The decline
is attributed to expected poor output from Asian
countries including India, Indonesia, Cambodia,
Republic of Korea, Nepal, Pakistan, the
Philippines, Sri Lanka and Thailand. The FAO
expects output in Vietnam to increase significantly,
while it expects slight increases in Bangladesh and
China.In Latin America and the Caribbean, the FAO expects output in Brazil, Guyana and Paraguay. It
however forecasts lower output in Bolivia due to heavy floods and in Colombia due to water shortages.In
Central America and the Caribbean, the FAO forecasts lower output in El Salvador, Guatemala, Nicaragua and
Panama. It however, expects output increases in Costa Rica, Cuba and Mexico.In Africa, the FAO expects
output to fall in Madagascar, Egypt, Benin, Chad, Guinea Bissau, Nigeria and Senegal, Burundi, Ethiopia and
Rwanda due to erratic rainfall. It however, expects increased output in Cote DIvoire, Ghana, Guinea, Mali,
Niger, Tanzania and Sierra Leone.
In Oceania, the FAO estimates output in Australia to fall significantly due to insufficient availability of water.
In North America, the FAO expects output in the U.S. to increase considerably despite ongoing drought in


California.In Europe, the FAO forecasts output of the European Union to remain stable while it forecasts the
output of Russia to increase.The FAO estimates 2014-15 global rice utilization at around 500 million tons, up
about 1.7% from an estimated 492 million tons in 2013-14 due to expected increase in global per capita rice
consumption to around 57.5 kilograms from around 57.4 kilograms in 2013-14.
The FAO estimates global rice inventories to decline in 2015 to around 177.7 million tons, down about 2%
from an estimated 181.3 million tons in 2014 as it expects many countries to withdraw from existing stocks in
the event of a lower production. It mainly expects stocks to decline in India, Indonesia, Myanmar, Sri Lanka
and Thailand. It however, expects inventories to increase in China, Bangladesh, Cambodia, Republic of Korea
and Vietnam. The FAO expects stocks to decline in Africa, Latin America and the Caribbean and the Oceania.

Tags: global rice production, Global rice utilization, Global rice stocks, Food and Agricultural Organization (FAO)
Global Rice Quotes
October 9th, 2014

Long grain white rice - high quality

Thailand 100% B grade 430-440
Vietnam 5% broken 435-445
India 5% broken 415-425
Pakistan 5% broken 405-415
Cambodia 5% broken 465-475
U.S. 4% broken 525-535
Uruguay 5% broken 595-605
Argentina 5% broken 595-605

Long grain white rice - low quality

Thailand 25% broken NQ
Pakistan 25% broken 355-365
Cambodia 25% broken 450-460
India 25% broken 370-380
U.S. 15% broken 510-520


Long grain parboiled rice

Thailand parboiled 100% stxd 420-430
Pakistan parboiled 5% broken stxd 425-435
India parboiled 5% broken stxd 410-420
U.S. parboiled 4% broken 600-610
Brazil parboiled 5% broken 595-605
Uruguay parboiled 5% broken NQ

Long grain fragrant rice
Thailand Hommali 92% 1010-1020
Vietnam Jasmine 580-590
India basmati 2% broken NQ
Pakistan basmati 2% broken NQ
Cambodia Phka Malis 880-890

Brokens
Thailand A1 Super NQ
Pakistan 100% broken stxd 320-330
Cambodia A1 Super 360-370
India 100% Broken stxd 320-330
Egypt medium grain brokens NQ
U.S. pet food 445-455
Brazil half grain NQ

All prices USD per ton, FOB vessel, oryza.com
Flood-hit Farmers Want Uniform Compensation in
Punjab Pakistan
Oct 09, 2014
In Punjab, Pakistan, the farmers impacted by recent floods have put forth a demand for the crop compensation
to be paid for all and do away with curtailing only on farmers with 10 acres. It is estimated that last month
floods adversely affected, according to government, about 2.3 million acres of orchards and crops in 3,055
villages in Punjab.On an average, the damage is estimated to be Rs 30,000 per acre (about $119 per hectare),
totaling to Rs 70 billion (about $694 million). The planned compensation for the farmers was assessed at Rs


4,000 (about $40), which is limited to farmers owing 10 acres (about 4 hectares) or less.Some locals say this
policy based on land ownership is lopsided and inequitable.
They say that irrespective of acreage holding, all farmers should receive a reasonable amount as compensation
and the district administration should not have discriminate based on acreage. Adding that the benchmark of 11
acres (about 4.5 hectares) and above ownership of land is not sound policy and the compensation policies
should take into consideration all the segments of farmers and not just landholders with 10 or less
acreage.Because rice is a cost- and water-intensive crop, especially basmati rice that was destroyed in the large
swaths of Hafizabad, Gujranwala, Mandi Bahauddin, Narowal and other rice producing areas, some officials
have put forth a demand for compensation worth at least Rs 10,000 per acre (about $40 per hectare) for rice,
equivalent to one-third the average estimated damage.
Tags: Pakistan, Floods, crop loss, Basmati rice

Oryza U.S. Rough Rice Recap - Lifeless Market
ahead of WASDE Report despite Healthy Export
Sales
Oct 09, 2014
The U.S. cash market was lifeless today despite healthy export sales numbers although analysts note that they
were void of any surprises. Tomorrow we have our monthly USDA World Agriculture Supply and Demand
Estimate report which is expected to be a non-event for rice; however, the rice market will likely see some spill-
over influence from the other grains.As of today, offers decreased slightly to around $12.75-$13.00 per cwt fob
farm (about $281-$287 per ton) while bids could be found near $12.75-$13.00 per cwt (about $281-$287 per
ton) for October delivery; however. there were no trades to report.
In the meantime, today the USDA reported that cumulative net export sales for the week ending on October 2,
totaled 120,600 tons which was 80% higher than last week and considerably higher than the prior 4-week
average.Increases reported for the following destinations: 40,900 tons to unknown destinations, 30,000 tons to
Venezuela, 19,800 tons to Mexico, 11,000 tons to the Haiti, and 10,000 tons to South Korea.U.S. rice exporters
shipped 43,500 tons which was 48% higher than last week and 32% higher than the prior 4-week average. The


primary destinations included 43,000 tons to Mexico, 3,000 tons to South Korea, 2,100 tons to Canada, 1,100
tons to Colombia, and 1,100 tons to Jordan.
Tags: U.S. rice prices, U.S. rice markets
India Government Procures 31.65 Million Tons of
Rice as of October 1, 2014 in KMS 2013-14
Oct 09, 2014
The Food Corporation of India (FCI), the nodal agency for food grain procurement and distribution has
procured around 31.652 million tons of rice as of October 1, 2014 in KMS 2013-14 (October 2013 - September
2014), according to data by the Ministry of Consumer Affairs, Food & Public Distribution.According to local
sources, procurement by the government agencies Food Corporation of India (FCI) and State agencies in the


current KMS may fall short of the targeted 34.289 million tons (31.089 million tons of rice from the Kharif crop
and 3.2 million tons from the rabi crop) due to sluggish arrivals from Andhra Pradesh and Odisha, where paddy
production was badly affected by cyclones and excess rainfall.Punjab (8.11 million tons), Telangana (4.34
million tons), Chhattisgarh (4.29 million tons) and Andhra Pradesh (3.73 million tons) are the top contributors
to the central pool so far in KMS 2013-14.The Indian government is targeting to procure 30.05 million tons of
rice during the KMS 2014-15.
Tags: India rice procurement, Kharif Marketing Season (KMS)

Pakistan Basmati Rice Export Prices Increase for
Second Consequent Month in September 2014
Oct 09, 2014

Average Pakistan
basmati rice
export prices
increased for the
second
consequent month
in September
2014 after being
stable at around
$1,350 per ton
from April - July
2014.In
September 2014,
Pakistan's basmati
rice export prices
have increased to


around $1,450 per ton, up about 1.4% from around $1,430 per ton in August 2014, and up about 10% from
around $1,324 per ton in August 2013, according to the UN's Food and Agriculture Organization
(FAO).According to the FAO, Pakistani rice prices averaged around $1,376 per ton during January - September
2014, slightly up from around $1,374 per ton during the same period in 2013. However, in terms of local
currency, Pakistan's basmati rice prices increased to around PKR 147,900 per ton (using historical exchange
rates) in September 2014, up about 2% from around PKR 144,430 per ton in August 2014, and up about 7%
from about PKR 138,596 per ton in September 2013.
Tags: Pakistan basmati rice export prices
Philippines Customs Raises $3.6 Million from
Smuggled Rice Auctions
Oct 09, 2014
The Philippines Bureau of Customs (BOC) has raised around P161 million (around $3.6 million) from
auctioning of around 5,475 Tons of smuggled rice on October 7, 2014, according to a notice posted on the
website of the Philippines Department of Finance. The BOC auctioned off around 800 tons of glutinous rice at
about P49 per kilogram (around $1,093.6 per ton) and around 4,675 tons of white rice at about P26 per kilogram
(around $580 per ton). More auctions of smuggled rice are in offing. The BOC will auction around 1,800 tons
of rice on October 17. The BOC is expecting around P47 per kilogram (around 1,049 per ton) for the rice.
Tags: Philippines rice smuggling, Philippines Bureau of Customs (BOC)
China Government Buys 4.19 Million Tons of Early
Summer Rice to Stabilize Prices
Oct 09, 2014
China's state-owned Grain Reserve Corporation, Sinograin, has purchased around 4.19 million tons of 2014-15
early summer rice under the minimum grain purchase price arrangement, despite mounting inventories, to
stabilize market prices and protect farmers' interests, according to local sources.Sinograin drives the China
government's intervention schemes under minimum grain purchase price arrangements. Sinograin was quoted as
saying that it purchased rice in five southern provinces beginning July 22 this year and completed all purchases


of summer grain in September.The national company told local sources that it is making arrangements to sell
the existing grain stocks at all granaries to make room for new rice.
The government is also planning to build more granaries to accommodate more stocks as it step up efforts to
purchase more rice under its price intervention programs.Sinograin also purchased 25.35 million tons of wheat
since May 27 under the minimum grain purchase price arrangement.China's summer grain output, including rice
and wheat, reached 136.60 million tons this year, according to the National Bureau of Statistics. China's total
grain output last year stood at around 601.94 million tons.
Tags: China price intervention schemes, Sinograin
Thailand Rice Sellers Increase Some of Their Quotes
Today; India Rice Sellers Lower Some of Their
Quotes
Oct 09, 2014
Thailand rice sellers increased their quotes for 5% broken rice, parboiled rice and Hommali rice by about $5 -
$10 per ton today. India rice sellers lowered their quotes for parboiled rice by about $10 per ton. Vietnam and
Pakistan rice sellers kept their quotes unchanged.
5% Broken Rice
Thailand 5% rice is quoted at around $415 - $425 per ton, up about $5 per ton from yesterday and about $20 per
ton discount to Vietnam 5% rice quoted at around $435 - $445 per ton. India 5% rice is quoted at around $415 -
$425 per ton, about $10 per ton premium on Pakistan 5% rice quoted at around $405 - $415 per ton.
25% Broken Rice
Thailand 25% rice was last quoted at around $350 - $360 per ton, about $55 per ton discount to Vietnam 25%
rice shown at around $395 - $405 per ton. India 25% rice is quoted at around $370 - $380 per ton, down about
$5 per ton from yesterday and about $15 per ton premium on Pakistan 25% rice quoted at around $355 - $365
per ton.
Parboiled Rice


Thailand parboiled rice is quoted at around $420 - $430 per ton, up about $5 per ton from yesterday. India
parboiled rice is quoted at around $410 - $420 per ton, about $15 per ton discount to Pakistan parboiled rice
quoted at around $425 - $435 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, was last quoted at around $310 - $320 per ton, about $25 per ton discount to
Vietnam broken rice shown at around $335 - $345 per ton. India broken sortexed rice is quoted at around $320 -
$330 per ton, on par with Pakistan broken sortexed rice quoted at around $320 - $330 per ton.
Tags: Vietnam rice prices, India rice prices, pakistan rice prices, Thailand rice prices
Thailand Exports 6.6 Million Tons of Rice in First
Eight Months of 2014; Up 59% from Last Year
Oct 09, 2014

Thailand has exported around 6.6
million tons of rice in the first eight
months (January - August) of 2014,
up about 59% from around 4.14
million tons exported during the
same period in 2013, according to
data from Thai Rice Exporters
Association (TREA). Thailand has
earned about $3.27 billion from total
rice exports in January - August
2014, up about 14% from around
$2.88 billion earned during the same
period in 2013. In August 2014,
Thailand exported around 975,023
tons of rice, up about 3.5% from
around 941,691 tons exported in July
2014; and up about 86% from around


522,955 tons exported in August 2013.
Of the total August sales, white rice accounted for around 344,179 tons (about 35% of total August exports),
Hom Mali rice accounted for about 95,166 tons (about 10% of total August exports), brokens accounted for
114,599 tons (about 12% of total August exports), glutinous variety accounted for 11,172 tons (about 1% of
total August exports), parboiled rice accounted for about 405,716 tons (about 42% of total August exports) and
husked/brown rice accounted for about 4,191 tons (about 0.4% of total August exports). Thailand's August
2014 exports earned around $468.16 million, up about 3% from around $453.09 million earned in July 2014;
and up about 32% from around $355.85 million earned in August 2013. In August 2014, average export prices
of white rice and broken increased while average prices of Hom Mali, glutinous, and husked (brown) varieties
declined over those in July 2014. However, average export prices of parboiled rice remained unchanged from
July 2014.
Tags:Thai rice exports, All India Rice Exports Association (TREA), White rice exports, Glutinous rice exports, Parboiled rice
exports, Broken rice exports, Husked rice exports
Argentina Exports 405,048 Tons of Rice in First
Seven Months of 2014; Up 29% from Previous Year
Oct 09, 2014
Argentina has exported
around 405,048 tons of
rice in the first seven
months of (January
July) 2014, up about
29% from around
313,509 tons exported
during the same period
in 2013, according to
data from the Ministry
of Agriculture in
Argentina. Argentina
exported around 46,450
tons of rice in July
2014, down about 25% from around 61,648 tons exported in June 2014; and down about 5% from around


48,843 tons exported in July 2013. In July 2014, Argentina exported around 37,100 tons of rice to Iraq (about
80% of total rice exports in July 2014), around 3,073 tons of rice to Bolivia (about 7% of July exports), around
2,968 tons of rice to Brazil (about 6% of July exports) and around 2,365 tons of rice to Chile (about 5% of July
exports). It exported the remaining 2% or around 944 tons of rice to Canada, Costa Rica, Denmark, Italy,
Netherlands, Turkey, Germany and the U.S. USDA estimates Argentina's milled rice production at about one
million tons in MY 2014-15 (April March), against consumption of around 440,000 tons. It estimates
Argentina to export around 600,000 tons of rice in MY 2014-15.
Oryza Overnight Recap - Chicago Rough Rice
Futures Close Slightly Lower, despite Strong Export
Sales, as Traders Prepare for USDA S&D Update
Chicago rough rice futures for Nov delivery settled 3 cent per cwt (about $1 per ton) lower at $12.595 per cwt
(about $277 per ton). Rough rice futures slipped today despite this mornings release of impressive export sales
data that showed weekly sales of 120,600 tons and weekly shipments of 43,500 tons, both of which were vast
improvements from last week and the previous 4-week averages. The markets failure to react was likely due to
traders awaiting the release of tomorrow USDA S&D update. The other grains fared better for the most part
today, with soy and corn trading higher, however wheat took a beating; Soybeans closed about 0.8% higher at
$9.4200 per bushel; wheat finished about 2.9% lower at $4.9325 per bushel, and corn finished the day about
0.4% higher at $3.4575 per bushel.U.S. stocks sank on Thursday, erasing gains that came with the previous
day's rally, as investors bypassed U.S. corporate earnings and economic reports to focus on global concerns,
including Europe's softening economy.
Ahead of Wall Street's start, data showed a 5.8% drop in German exports in August, adding to downbeat
numbers that had German industrial orders and output falling as well. Stocks furthered their losses after
European Central Bank President Mario Draghi said there are indications that the euro zone's economic growth
is slowing and that central bankers should strive to boost inflation. Separately, wholesale inventories rose 0.7%
in August, compared to expectations of a 0.3% gain. After a 334-point drop, the Dow Jones Industrial Average
was lately down 294.93 points, or 1.7%, to 16,699.29. The S&P 500 fell 33.84 points, or 1.7%, to 1,935.05,
with energy slammed the most and all 10 of its main industry groups in the red. The Nasdaq declined 73.22
points, or 1.7%, to 4,395.37. Gold is trading about 1.5% higher, crude oil is seen trading about 1.2% lower, and
the U.S. dollar is seen trading about 0.3% higher at about 1:30pm Chicago time.Wednesday, there were 1,440
contracts traded, up from 354 contracts traded on Tuesday. Open interest the number of contracts outstanding
on Wednesday increased by 401 contracts to 11,329.

Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market

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