Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

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Daily Exclusive ORYZA Rice E-newsletter

November 6, 2014
Todays News Headlines
Farming Made Easy with Rice Crop Manager
Ghana Small Scale Rice Dealers Oppose Rice
Import Ban
Brazil Paddy Rice Index Increases Slightly from
Last Week
Global Rice Quotes
India Invites Tenders to Import 20,000 Tons of Rice
Oryza Overnight Recap - Chicago Rough Rice
Futures Continue to Show Strength as Market
Recovers from Long-term Lows
Oryza Afternoon Recap - Chicago Rough Rice
Futures Erase Early Gains to Close Slightly Lower
as Market Faces Resistance at $12.500 per cwt
USDA Post Forecasts Argentina 2014 Rice Exports
at 600,000 Tons, Up 12.5% from Last Year
Oryza U.S. Rough Rice Recap - Cash Prices
Unchanged as Market Waits for News on Iraqi
Business
Thailand, Vietnam, Pakistan Rice Sellers Lower
Some of Their Quotes Today; India Rice Quotes
Unchanged
Total Losses from Rice Pledging Scheme to Cross
$30 Billion, Say TDRI Researchers
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News Detail.

Farming Made Easy with Rice Crop

Manager
Nov 05, 2014

The Philippine Rice Research Institute (PhilRice) is

promoting an internet-based new software called 'Rice Crop
Manager (RCM)' to aid rice farmers in rain fed and lowland
rice areas, according to a news release on its website. The
software basically helps farmers to select the right kind and
amount of fertilizers for their rice fields. The news release
noted that the PhilRice is distributing the software to farmers
free of cost under the project, "Improving Livelihood and
Overcoming Poverty in the Drought-Prone Lowlands in
South and South-East Asia".
The Leader of the Project noted that farmers can use the software freely but will need an internet
connection to use it. They will need to answer some 20 questions, and based on the answers, the
software will recommend specified solutions for their farms and help them increase their yields.
Farmers can take the support of Agricultural Technologists (ATs) in their respective
municipalities to get utmost benefitted from the software, says the news release.
However, farmers' Information and Communication Technology (ICT) skills need to be
enhanced to help them use the software effectively, said a Jr.Municipal Agriculturist.The project
is also being implemented in Indonesia, Myanmar, Vietnam, Thailand and Cambodia, states the
news release.
Tags: Rice crop manager, right quantity of fertilizers, Philrice

Ghana Small Scale Rice Dealers Oppose Rice

Import Ban
Nov 05, 2014

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The
Ghanaian
government's
proposal to ban rice imports in
next four years facing opposition
from many corners, according to
local sources. The Ghana Grains
Council
(GGC)
yesterday
suggested the government to work
towards increasing the capacity of
rice production before imposing
the ban.Today, the President of
the Small Scale Rice Dealers
Association of Ghana (SSRIDA)
told local news sources that a ban
on rice imports would lead to a huge shortfall in rice supplies in the country and subsequently
lead to price hikes due to gaps between demand and supply. It will not help the economy in any
way, he told.
He noted that Ghana imports several other food items along with rice and so banning rice
imports alone would not help the government achieve self-sufficiency in food. It has to ban
imports of all food items if it is targeting self-sufficiency and food security.The SSRIDA
President also stated that before banning rice imports, the government should ensure there are no
gaps between demand and supply of rice and create employment opportunities in the rice sector
to encourage increase in production. This would make transition to local production more
smooth without significant surge in prices.
Ghana's annual rice import bill stood at $306 million in 2013 and the government is therefore
planning to increase rice production by about 20% per annum over the next four years to make
the country self-sufficient in rice and subsequently ban rice imports. The move would ease
pressure on the country's foreign exchange reserves, according to local sources.
According to the USDA, Ghanas rice production is estimated at about 332,000 tons (milled
basis) in MY 2014-15 (October - September). The U.S. agency expects Ghana to import 620,000
tons of rice during the year to meet consumption needs of around one million tons of rice.
Tags: Ghana rice imports, Ghana rice self-sufficiency

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Brazil Paddy Rice Index Increases Slightly

from Last Week
Nov 05, 2014

The Brazilian paddy rice

index
maintained
by
CEPEA reached around
36.9 real per 50 kilograms
as of November 3, 2014,
up about 0.22% from
around 36.79 real per 50
kilograms recorded on
October 27, 2014.In terms
of USD per ton, the index
reached around $293 per
ton on November 3, 2014,
up about 2.5% from
around $290 per ton
recorded on October 27,
2014
Tags: Brazil paddy rice index, Brazil CEPEA index

Global Rice Quotes

November 6th, 2014
Long grain white rice - high quality
Thailand 100% B grade 425-435
Vietnam 5% broken
430-440
India 5% broken
410-420
Pakistan 5% broken
395-405
Cambodia 5% broken 465-475
U.S. 4% broken
540-550
Uruguay 5% broken
595-605
Argentina 5% broken 595-605

Long grain white rice - low quality

Thailand 25% broken NQ

Vietnam 25% broken 395-405

Pakistan 25% broken 350-360

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Cambodia 25% broken NQ

India 25% broken

370-380
U.S. 15% broken
510-520

Long grain parboiled rice

Thailand parboiled 100% stxd 410-420

Pakistan parboiled 5% broken stxd

425-435
India parboiled 5% broken stxd 390-400

U.S. parboiled 4% broken

580-590

Brazil parboiled 5% broken

585-595

Uruguay parboiled 5% broken NQ

Long grain fragrant rice

Thailand Hommali 92%
865-875
Vietnam Jasmine
570-580

India basmati 2% broken

NQ

Pakistan basmati 2% broken

NQ

Cambodia Phka Malis 855-865

Brokens
Thailand A1 Super
330-340

Vietnam 100% broken 330-340

Pakistan 100% broken stxd

320-330
Cambodia A1 Super
NQ

India 100% Broken stxd

315-325
Egypt medium grain brokens NQ

U.S. pet food 445-455

Brazil half grain

NQ

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

India Invites Tenders to Import 20,000 Tons

of Rice
Nov 05, 2014

The State Trading Corporation of India (STCI) has today floated a tender inviting bids from
overseas sellers for importing 20,000 tons of 25% broken white rice for delivery at in the NorthEastern state of Manipur, according to a bid notice posted on its website.The STCI is seeking
delivery of rice in two tranches of 10,000 tons each between December 20, 2014 - February 28,
2015. According to the bid notice, minimum quantity to be offered is 2,500 tons and the bidders
are required to specify country of origin for the quantity to be supplied. Last date for submitting
bids is November 26, 2014.

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The State Trading Corporation (STCI) and Metals and Minerals Trading Corporation (MMTC)
invited tenders to import 10,000 tons each on September 9, 2014. They received one bid each but
were rejected due to high prices.India, the world's second largest rice producer and exporter, is
importing rice, despite having buffer stocks, due to the transportation disruptions to be caused by
proposed railway conversion works on the 220-kilometer Lumding (Assam)-Badarpur-Agartala
(Tripura) line. The line is said to connect the North-Eastern States Manipur and Mizoram to the
rest of the country.
Indias rice stocks in the central pool as of October 1, 2014 stood at around 18.24 million tons
(including a milled equivalent of about 6.65 million tons of paddy), down about 21% from
around 23.02 million tons recorded during the same time last year, according to the Food
Corporation of India (FCI). The stocks are about 55% more than the required buffer and
strategic reserve norms of around 11.8 million tons for this time of the year, according to the
FCI.
Tags: India rice imports, State Trading Corporation (STC), Food Corporation of India (FCI)

Oryza Overnight Recap - Chicago Rough

Rice Futures Continue to Show Strength as
Market Recovers from Long-term Lows
Nov 05, 2014

Chicago rough rice futures for Jan delivery are currently noted 6 cents per cwt (about $1 per ton)
higher at $12.495 per cwt (about $275 per ton) during early morning floor trading in Chicago.
The other grains are seen trading lower: soybeans are currently seen about 0.4% lower, wheat is
listed about 0.8% lower and corn is noted about 0.5% lower.
U.S. stocks gained on Wednesday, a day after elections that had Republicans taking control of
the Senate, as expected and as a report on the jobs market came in better than anticipated.
Historically, midterm elections come along with healthy equity returns, as investors embrace the
certainty, at least in the short term, the results bring. Private employers added 230,000 jobs last
month, more than estimated and the largest gain since June, according to the ADP National
Employment report, which casts a positive light on the labor front two days before the payrolls
report. The Dow Jones Industrial Average opened about 0.6% higher, as did the S&P 500. The
Nasdaq rose about 0.7%. Gold is currently trading about 2.1% lower, crude oil is seen trading

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about 0.1% higher, and the U.S. dollar is currently trading about 0.5% higher at 9:00am Chicago
time.
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market

Oryza Afternoon Recap - Chicago Rough

Rice Futures Erase Early Gains to Close
Slightly Lower as Market Faces Resistance at
$12.500 per cwt
Nov 05, 2014

Chicago rough rice futures for Jan delivery settled 2 cents per cwt (about $0.44 per ton) lower at
$12.415 per cwt (about $274 per ton). Rough rice futures closed a tad lower after spending the
majority of morning trading in positive territory. The markets ability to chart a higher high as
well as higher low is seen as a positive sign; however the inability to hold the sessions high and
failure to break through overhead resistance noted at $12.500 per cwt (about $276 per ton) could
counteract this bullish implication and be seen as a reversal. Traders will keep a close eye on this
mentioned point of resistance as a signal for future price direction. The other grains closed with
mixed results today; Soybeans closed about 0.9% higher at $10.1925 per bushel; wheat finished
about 1.1% lower at $5.2575 per bushel, and corn finished the day about 1.6% higher at $3.7025
per bushel.
U.S. stocks mostly rose Wednesday, taking the Dow to another historical peak, a day elections
had Republicans taking control of the Senate and as a report on the jobs market came in better
than anticipated. Historically, midterm elections come along with healthy equity returns, as
investors embrace the certainty, at least in the short term, the results bring. The Dow Jones
Industrial Average rose 101 points to an intraday record, and was lately up 72.34 points, or 0.4%,
at 17,456.18. The S&P 500 added 8.08 points, or 0.4%, to 2,020.18, with utilities and energy
advancing the most and health care and telecommunications falling among its 10 major sectors.
Fluctuating between gains and losses, the Nasdaq was lately off 8.04 points, or 0.2%, at
4,615.60. Gold is trading about 1.8% lower, crude oil is seen trading about 2% higher, and the
U.S. dollar is seen trading about 0.5% higher at about 1:00pm Chicago time.
Tuesday, there were 752 contracts traded, up from 728 contracts traded on Monday. Open
interest the number of contracts outstanding on Tuesday increased by 10 contracts to 9,788.
Tags: U.S. rice prices, U.S. rice market, chicago rough rice futures

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USDA Post Forecasts Argentina 2014 Rice

Exports at 600,000 Tons, Up 12.5% from Last
Year

Nov 05, 2014

USDA Post estimates Argentina to export around 600,000 tons of milled rice in 2014, up about
12.5% from around 533,000 tons exported in 2013 and on par with official USDA estimates. It
forecasts Argentine exports to decline to around 580,000 tons in 2015 due to slight decline in
production in 2014.
The USDA Post has forecasted Argentina's MY 2013-14 (April 2014 - March 2015) paddy rice
production at around 1.462 million tons (around 950,000 tons, basis milled), down about 6%
from around 1.56 million tons (around 1.014 million tons, basis milled) in MY 2012-13 due to a
slight decline in planting area. It further estimates Argentine paddy production to increase to
around 1.5 million tons (around 975,000 tons, basis milled) in MY 2014-15.
The Post estimates Argentina's paddy planting area to decline to around 232,000 hectares in MY
2013-14, slightly down from around 233,000 hectares in MY 2012-13. It estimates Argentine
paddy planting area to further increase to around 236,000 hectares in MY 2014-15.Weather has
been so far favourable for paddy production and irrigation facilities are expected to be
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uninterrupted with most of the reservoirs having water to their full capacity, according to the
Post.
Tags: Argentina paddy rice production, Argentina rice exports, USDA Post rice

Oryza U.S. Rough Rice Recap - Cash Prices

Unchanged as Market Waits for News on
Iraqi Business
Nov 05, 2014

held steady around $12.00-$12.35 per cwt fob farm (about $265-$272 per ton) while bids were
unchanged near $12.00-$12.25 per cwt (about $265-$270 per ton) for November delivery
however there were no trades to report.
Tags: U.S. rice prices, U.S. rice market

Thailand, Vietnam, Pakistan Rice Sellers

Lower Some of Their Quotes Today; India
Rice Quotes Unchanged
Nov 05, 2014

Thailand rice sellers lowered their quotes for Hommali rice by about $45 per ton to around $865
- $875 per ton today. Vietnam rice sellers lowered their quotes for Jasmine rice by about $5 per
ton to around $570 - $580 per ton. Pakistan rice sellers lowered their quotes for 100% broken
rice by about $5 per ton to around $320 - $330 per ton. India rice sellers kept their quotes
unchanged.
5% Broken Rice
Thailand 5% rice is quoted at around $410 - $420 per ton, about $20 per ton discount to
Vietnam 5% rice shown at around $430 - $440 per ton. India 5% rice is quoted at around$410 $420 per ton, about $15 per ton premium on Pakistan 5% rice quoted at around $395 - $405 per
ton.
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25% Broken Rice
Thailand 25% rice was last quoted at around $350 - $360 per ton, about $45 per ton discount to
Vietnam 25% rice shown at around $395 - $405 per ton.
India 25% rice is quoted at around $370 - $380, about $20 per ton premium on Pakistan 25% rice
quoted at around $350 - $360 per ton.
Parboiled Rice
Thailand parboiled rice is quoted at around $410 - $420 per ton. India parboiled rice is quoted at
around $390 - $400 per ton, about $35 per ton discount to Pakistan parboiled rice quoted at
around $425 - $435 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is quoted at around $330 - $340 per ton, on par with Vietnam
100% broken rice shown at around $330 - $340 per ton. India's 100% broken rice is shown at
around $315 - $325 per ton, about $5 per ton discount to Pakistan broken sortexed rice quoted at
around $320 - $330 per ton, down about $5 per ton from yesterday.
Tags: Thailand rice prices, Vietnam rice prices, pakistan rice prices, India rice prices

Total Losses from Rice Pledging Scheme to

Cross $30 Billion, Say TDRI Researchers
Nov 05, 2014

The Thailand Development Research Institute (TDRI)

suggested the government to consider donating half of
the rice stocks to the UN's World Food Program
(WFP) to avoid storage costs, according to local
sources.Citing a research by the TDRI, the TDRI
researchers told local sources that it may take nearly
ten years to clear all the existing rice stocks and the
government may have to spend nearly 300 billion baht
(around $9 billion) for storing and safeguarding these
stocks. They noted that donating rice to the UN's WFP
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could help the government save on the storage costs significantly.
They also noted that already losses from the rice pledging scheme are likely to exceed around
660 billion baht (around $20 billion) considering the valuation of spoilt/degrading stocks as well.
If another 300 billion baht (around $9 billion) is added, total losses from the scheme may near
one trillion baht (around $30.5 billion), they said.
The researchers stated that corruption was prevalent at every stage, including auditing of the
stockpiles, government-to-government sales and confidential price offering on rice sales, in the
implementation of the scheme. They noted that the government could have lost nearly 109
billion baht (around $3.3 billion) due to corruption in rice sales and other misappropriations.
Since the government needs huge amount of public funds to clear these losses, they
recommended amendments in constitution and laws highlighting clearly the various sources of
funding for the government. They also suggested very minimal government interference in
setting farm prices for rice.
Last week, based on the stock inspection report, the Thai Prime Minister noted that the country
currently has 18 million tons of rice and of that only 10% are of standard quality, about 70%
were below-standard and about 20% were unfit for human consumption.
Tags: Thai rice stocks, Thai rice pledging scheme

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