9th December, 2014 Daily Exclusive ORYZA E-Newsletter by Riceplus Magazine

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Daily
December 09, 2014
Exclusive ORYZA E-Newsletter
DAILYCompiled
EXCLUSIVE
ORYZA E-NEWSLETTER
& Edited by Riceplus Magazine
December 09, 2014

Vol 4 Issue XII
Riceplus Magazine wwww.ricepluss.com

mujahid.riceplus@gmail.com Cell: +92 321 369 2874
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December 09, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
News Headlines
China Plans to Import More Rice in 2014
at Prevailing Low Prices
Oryza November 2014 Rice Market
Review
Global Rice Quotes
Vietnam Exports 599,948 Tons of Rice in
October 2014; Slightly Down m/m and Up
16% y/y
Thailand NACC Plans to Conclude Probe
into Alleged G2G Rice Deal This Month
Philippines Plans to Import 600,000 Tons
of Rice to Cover Damages from Typhoon
Hagupit
Vietnam Exports 5.84 Million Tons Rice
in First Eleven Months of 2014
Thailand Rice Sellers Lower Some of
Their Quotes Today; Pakistan, Vietnam
Rice Sellers Increase Some of Their
Quotes
Thailand Devises Strategy to Accelerate
Stockpiled Rice Sales; Plans to Auction
400,000 Tons of Rice This Month
News Detail
China Plans to Import More Rice in 2014 at

Prevailing Low Prices
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December 09, 2014
Dec 08, 2014
The Chinese government is planning to advantage of the

prevailing lower global rice prices by importing more rice at
the current lower prices, according to a post on the
government website. Extra imports would help in boosting
local rice stocks and supplies thereby ensuring food security
in the country, according to National Agricultural Officers.
The spokesman and Chief Economist at the Ministry of
Agriculture also attributed the likely increase in imports to
the declining global rice prices. However, he noted that the
government would not solely depend on imports to increase
rice stocks in the country. He added that imports would
complement local rice production.
According to data from China's Customs and General Administration, China imported around
1.65 million tons of rice in the first eight months of 2014, up about 4% from around 1.586
million tons imported during the same period last year. China imported around 72.49 million
tons of grains, including rice, in the first ten months of 2014, up about 19% from around 60.92
million tons imported last year. Rice imports constitute around 2.2% of the total grain imports by
China.
Global rice export prices in major rice exporting countries such as Thailand, India, and Vietnam
have been declining for the last couple of months due to stiff competition and increased supplies
from ongoing harvests.According to data from the UN's Food and Agricultural Organization
(FAO), In November 2014, average export prices of Thai 100% broken prices declined about
2.3% m/m to around $427 per ton; Thai 5% broken prices declined about 2.3% m/m to around
$418 per ton; Thai parboiled rice prices declined about 2.3% m/m to around $420 per ton; Thai
25% broken prices declined about 2.2% m/m to around $400 per ton and Thai fragrant prices
declined about 9% m/m to around $1,062 per ton. Thai A1 Super declined about 2% m/m to
around $338 per ton.
Export prices in Vietnam and India declined about 6% m/m and 2.4% m/m to around $379 per
ton and $362 per ton respectively.USDA estimates China to import around 3.9 million tons of
rice in MY 2014-15 (July - June), unchanged from last year.
Tags: China rice imports, global rice prices

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December 09, 2014
Oryza November 2014 Rice Market Review
Dec 08, 2014
The Oryza White Rice Index (WRI), a weighted average of global white rice export quotes,
ended the month of November at about $437 per ton, down about $19 per ton from a month ago
and down about $23 per ton from a year ago.In November, rice prices continued to decline in
most Asian origins, with particularly strong declines witnessed in Vietnam, generally reflecting a
slowdown in demand and the arrival of newly harvested crops on the market. In the Americas,
prices followed mixed trends across origins and market segments.
The International Grains Council (IGC) expects that global rice production will reach at about
475 million tons in 2014-15, down about 1 million tons from last year. Global carryover stocks
are expected to reach at about 102 million tons in 2014-15, down about 6 million tons from a
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December 09, 2014
year ago. Global rice trade is expected to reach at about 41 million tons in 2014 -15 up about 1
million tons from last year, the IGC said. The IGC also added that Thailand is anticipated to
reclaim its position as the worlds largest supplier.
Thailand
Thailand 5% broken rice ended the month of November at about $410 per ton, down about 2%
from a month ago and up about 4% from year ago.
The losses from the Thai rice pledging scheme have reached about 518 billion baht (about $15.8
billion), according to the Thai Finance Ministry. Separately, the Rice Policy and Management
Committee is considering a new on-farm pledging program for 2014-15 paddy main crop
fragrant and glutinous rice in efforts to limit downward pressure on prices during harvest,
according to the United States Department of Agriculture (USDA)s.
The Thai Commerce Ministry plans to strike a new G2G contract with China to export about 2
million tons of rice next year, according to local sources. Separately, Thailand hopes to revive
exports in Hong Kong by working with Thai exporters and Hong Kong importers and possibly
certifying Hom Mali rice, after losing a significant share of jasmine rice exports to Hong Kong
during the last three years. Hong Kong is one of main destinations for Thai fragrant rice (Hom
Mali rice), but Thailand's share in Hong Kong's rice market had declined to about 46% in 2013
from about 90% in 2008.
In the first nine months of 2014, Thailand rice exports increased about 15% from last year in
terms of tonnage, but declined in value. During January-September, Thailand exported about 7.6
million tons of rice.
The President of the Thai Rice Exporters Association (TREA) noted that paddy prices for 201415 crop are almost 50% lower than the prices offered by the previous government under the
controversial rice pledging scheme. He urged the government to intervene and push up paddy
prices. He noted that the government could encourage top rice exporters to buy at least 100,000
tons of rice from the current crop and expand their stocks. Meanwhile, The Thai government has
decided to increase lending budget of the Bank for Agriculture and Agricultural Cooperatives
(BAAC) to about 34.8 billion baht (about $1.06 billion) from the earlier 17.3 billion baht (about
$527 million) as part of measures to control price falls in the current harvest season, according to
Bloomberg.
Thailand's Rice Department has been awarded by the International Atomic Energy Agency
(IAEA) and the UN's Food and Agriculture Organization (FAO) for developing two rice varieties

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December 09, 2014
- Gor Kor 6 and Gor Kor 15 - using nuclear energy, according to local sources.
The UNs Food and Agriculture Organization (FAO) forecasts Thailands 2014 rice exports will
reach about 9.6 million tons, up about 45% from last years levels.
Meanwhile, the Thai Finance Ministry plans to issue long-term bonds with three to ten years
term to maturity in efforts to cover losses of about 682 billion baht (about $21 billion) from the
rice pledging programs. Separately, the Thai government has issued bonds worth 50 billion baht
(about $1.5 billion) to financial institutions to help it pay back debts associated with the rice
pledging schemes introduced by various governments, according to local sources.
India
India 5% broken rice ended the month of November at about $395 per ton, down about 5% from
a month and a year ago.
India has exported about 3.16 million tons rice in the first four months of FY 2014-15 (April March), down about 10% from about 3.53 million tons exported during same time last year.
Meanwhile, the Food Corporation of India has procured about 9.2 million tons of rice as of
November 10 in KMS 2014-15 (Oct -Sep). Meanwhile, the Indian government is targeting to
procure about 30.05 million tons of rice during KMS 2014-15. Last year, the India government
procured about 31.86 million tons of rice against the targeted 34.29 million tons due to sluggish
arrivals from Andhra Pradesh and Odisha, where paddy production was badly affected by
cyclones and excess rainfall.
Separately, the U.S. and India have reached an agreement on India's rising food subsidies and
this development would allow India to support an important World Trade Organization
agreement aimed at trade facilitation, according to some sources.
Change in climatic conditions associated with uncertain and erratic rainfall, delayed monsoons,
agricultural droughts, excess rainfall and other extreme weather events such as floods in crop
growing seasons are likely to lower Indias rice production by about 6% over the next six years,
or by 2020, according to local sources.
Indias rice stocks in the central pool as of November 1, 2014 stood at about 18.24 million tons
(including a milled equivalent of about 6.65 million tons of paddy), down about 21% from last
year.
Vietnam
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December 09, 2014
Vietnam 5% broken rice ended the month of November at about $390 per ton down about 10%
from a month ago and down about 8% from a year ago.
The Vietnam Food Association has lowered the minimum export price (MEP) of 25% broken
rice to about $380 per ton, down about 7% from about $410 per ton due to declining demand,
according to Reuters. The new floor rate is applicable from November 25, 2014. The VFA
officials told local sources that the exporters are free to fix export prices for other grades of rice.
Vietnam exported about 5.549 million tons of rice in January 1 - November 20, 2014, down
about 10% from about 6.17 million tons of rice exported during January - November, 2013,
according to data from the Vietnam Food Association. Average rice export price so far in this
year stands at about $436 per ton (FOB), up about $5 per ton from same time last year.
The USDA has estimated Vietnam's MY 2013-14 (January 2014 - December 2014) rice exports
at about 6.5 million tons, down about 3% from about 6.7 million tons exported in MY 2012-13
due to expected strong competition from Thailand, India, Pakistan and emerging exporters such
as Cambodia and Myanmar. It estimates Vietnam's MY 2014-15 rice exports to increase to 6.7
million tons and Vietnam MY 2013-14 paddy rice production at about 45.058 million tons (about
28.16 million tons, basis milled), up about 2% from about 44.059 million tons (about 27.537
million tons, basis milled) produced in MY 2012-13. USDA estimates Vietnam MY 2014-15
paddy rice production to increase to about 45.19 million tons (about 28.24 million tons, basis
milled) due to expected higher yields from spring and autumn crops.
Meanwhile, some experts said Vietnam rice sector lacks enough infrastructural support for
research and development in post-harvest technologies and more investment in such research
areas can increase the value of Vietnamese rice in the international arena.
Separately, Vietnam's Ministry of Agriculture and Rural Development (MARD) will sign a new
contract with the Philippines-based International Rice Research Institute (IRRI) to work towards
redefining and reforming the existing rice strategy for the country, according to a news release
on the IRRI website.
Pakistan
Pakistan 5% broken rice ended the month of November at about $385 per ton, down about 4%
from a month ago and up about 1% from a year ago.
Pakistan exported about 289,884 tons of rice (including basmati and non-basmati) in October
2014, up about 31% from about 221,715 tons exported in September 2014, according to
provisional data from the Pakistan Bureau of Statistics (PBS). In terms of value, Pakistan's rice
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December 09, 2014
export earnings increased to about $154.7 million in October 2014, up about 16% from about
$132.9 million earned in September 2014. The National Space Agency of Pakistan has estimated
Pakistans milled rice production to decline about 19% to about 5.65 million tons (about 8.437
million tons, basis paddy) in FY 2014-15 (July - June) from about 6.98 million tons produced
last year as the floods in the month of August has damaged about 116,700 hectares of paddy
fields and over 217,000 tons of paddy rice.
Separately, the Economic Coordination Committee (ECC) of Pakistan's Cabinet approved a
subsidy package of about Rs.10 billion (about $98.3 million) to small scale rice farmers with
about 10 hectares of rice land, according to local sources. The ECC decided that basmati rice
farmers will be given a subsidy of about Rs.5, 000 per acre (about $123 per hectare). The
Committee also approved to extend power subsidy to rice farmers, under which they can avail
electricity at a special rate of Rs.10.35 (about $0.1) per unit until June 30, 2015.
Pakistan rice exporters are also seeking to increase rice export quota to China to about 750,000
tons annually from the current 500,000 tons, according to local sources.
Cambodia
Cambodia 5% broken rice ended the month of November at about $470 per ton, down about 2%
from a month ago and unchanged from a year ago.
Cambodia exported about 304,788 tons of rice in the first ten months of 2014, up about 3% from
about 295,154 tons exported during the same period in 2013, according to data from the
Secretariat of One Window Service for Rice export Formality (SOWS-REF). Cambodia exported
379,856 tons of rice in 2013. Separately fragrant rice from Cambodia and Thailand has received
the 'Best Rice' award for 2014 at the 6th World Rice Conference, according to local sources.
Cambodias fragrant rice has received the award for the third consecutive year.
The Cambodian government has recognized the need to explore new export markets for its rice
in order to achieve its export target of one million tons by next year, according to local sources.
Brazil
Brazil 5% broken rice ended the month of November at about $550 per ton, unchanged from a
month ago and down about 20% from a year ago.
Brazils National Grains Supply Company (Conab) has forecasted the country's 2014-15 paddy
rice production at about 12.51 million tons, up about 3% from about 12.162 million tons in 201314. Meanwhile, the USDA estimates Brazil MY 2014-15 (April March) paddy rice production
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December 09, 2014
at about 12.28 million tons (about 8.35 million tons, basis milled), slightly up from about 12.2
million tons (about 8.3 million tons, basis milled) in MY 2013-14. Separately, Brazil has
exported about 985,907 tons of rice in January - October 2014 according to data released by the
Rice Institute of Rio Grande do Sul (IRGA).
The FAO has estimated Brazil's 2014 paddy rice production at about 12.16 million tons (about
8.3 million tons, basis milled), up about 3% from about 11.82 million tons (about 8 million tons,
basis milled) produced in 2013 despite unfavorable weather conditions (during cropping season)
negatively impacting yields in some rice-growing parts of the country.
Argentina
Five percent broken rice from Uruguay and Argentina ended the month of November at about
$600 per ton, unchanged from a month ago and down about 5% from a year ago.
The USDA estimates Argentina to export about 600,000 tons of milled rice in 2014, up about
12.5% from about 533,000 tons exported in 2013 and on par with official USDA estimates. It
forecasts Argentine exports to decline to about 580,000 tons in 2015 due to slight decline in
production in 2014. Meanwhile, the USDA has forecasted Argentina's MY 2013-14 (April 2014
- March 2015) paddy rice production at about 1.462 million tons (about 950,000 tons, basis
milled), down about 6% from about 1.56 million tons (about 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 about 1.5 million tons (about 975,000 tons, basis milled) in MY 201415.
Separately, Argentina has exported about 431,897 tons of rice in the first eight months of
(January August) 2014, up about 16% from about 370,831 tons exported during the same
period in 2013, according to data from the Ministry of Agriculture in Argentina.
U.S.
U.S.4% broken rice ended the month of November at about $545 per ton, unchanged from a
month ago, down about 8% from a year ago. CBOT rough rice future ended the month of
November at about $12.415 per cwt (about $274 per ton), up about 3% from a month ago and
down about 22% from a year ago.
The USDA has forecasted the 2014-15 U.S. all rice production at about 10.03 million tons, up
about 16.5% from an estimated 8.61 million tons in 2013-14, and slightly up from its last
month's forecasts of about 10.01 million tons due to an expected increase in the average all rice
yield in Arkansas, Missouri and Texas. According to the agency the U.S. all rice supply in 2014Riceplus Magazine wwww.ricepluss.com
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December 09, 2014
15 is forecast to increase about 10% y/y to about 12.42 million tons, while U.S. all rice total use
(including exports and domestic & residual use) is forecast to increase about 8% y/y to 10.57
million tons. The USDA estimates U.S. all rice exports to increase about 9% to about 4.63
million tons in 2014-15. U.S. all rice ending stocks during the year are estimated to increase 25%
y/y to about 1.86 million tons.
The USDA estimates the 2014-15 all rice average farm price to decline to about $313.05$335.10 per ton due to decline in the average farm prices of long grain rice to about $268.96$291.00 per ton. Average farm prices of combined medium- and short- grain rice at about
$418.87-$440.92 per ton.
Africa
The FAO has forecasted Madagascar's MY 2014-15 (April - March) at about 250,000 tons,
down about 55% from an estimated 540,000 tons in MY 2013-14. The government imported
substantially high amount of rice in 2013-14 due to significant fall in production in 2013.It
forecasts Madagascar 2014 rice production at about 4 million tons, up about 10% from about 3.6
million tons produced last year due to well distributed rains in the 2013-14 cropping season.
The FAO has forecasted Mali 2014 paddy rice production at about 2.3 million tons (about 1.55
million tons, basis milled), up about 4% from about 2.2 million tons in 2013 due to adequate
rains and favorable weather conditions.
Meanwhile, the FAO has forecasted Zambia 2014 paddy rice production at about 49,000 tons
(about 32,830 tons, basis milled), up about 9% from about 45,000 tons (about 30,150 tons, basis
milled) in 2013 due to adequate rains and government support through the Farmer Input Support
Program (FISP).
The FAO has estimated Mozambique's 2014 paddy rice production at about 343,000 tons (about
223,000 tons, basis milled), down about 2% from about 351,000 tons (about 228,000 tons, basis
milled) produced in 2013 due to rainfall deficits in some rice-growing parts of the country.
Mozambique is a net importer of rice and imports about 70% of its annual consumption needs.
Separately, rice traders in Gambia are opposing the President's decision to end rice imports from
January 2016 and are urging the government to review the decision, according to local sources.
Though most of them agreed that importing huge quantities of rice was not in the interest of the
economy, they said banning imports without ensuring self-sufficiency rice would also be
counterproductive for the country. However, the President has been reiterating that the
government would end rice imports from the stipulated date. Earlier this month, he told local
sources that the government is hopeful of achieving the task under the "Vision 2016 Rice SelfRiceplus Magazine wwww.ricepluss.com
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Sufficiency" agenda. However, critics say the deadline is unrealistic as the country needs to
increase its rice production by fivefold or more to reach the self-sufficiency target.
China
China and Myanmar are on the verge of striking a new agreement under which China will
primarily import about 1 million tons of rice from Myanmar next year at about $400 per ton as
well as legalize rice imports through northern borders of Myanmar, which are currently
considered illegal, according to local sources. Meanwhile, the Chinese customs authority has
threatened to seize rice imports through Myanmar's Muse border, according to the local sources.
They are going to seize any import that does not have proofs of rice being imported under
official quota or that doesn't have an import permit, said the General Secretary of the Myanmar
Rice Federation (MRF). In August this year, China had officially banned rice imports through
Myanmar's northern borders as the Chinese authorities have been treating these cross border
imports as illegal as there is no formal rice export agreement between China and Myanmar.
Leaders of South Korea and China concluded the Korea-China Free Trade Agreement (FTA)
after nearly two-and- half years at the Asia-Pacific Economic Cooperation (APEC) Summit in
Beijing in November, according to local sources. However, both the sides have excluded rice
from the FTA citing it as an important agricultural product, which needs protection. Separately,
China also signed a FTA with Australia, which also excludes agricultural products such as rice,
sugar, wheat and cotton. They are likely to be considered during a review in three years, said
local source.
Myanmar
Myanmar government is planning to buy surplus rice stocks of about 3 million bushels (about
61,200 tons) through the Myanmar Agribusiness Public Corporation (Mapco) from farmers (of
particularly Ayeyarwady region) to prevent price falls, according to local sources. Meanwhile,
rice prices in Myanmar have increased by about 40% between 2009-2013 leading to food
insecurity in the country as well as export un-competitiveness, according to the recent World
Bank report titled "Rice Price Volatility and Poverty Reduction. This enormous increase in rice
prices has impacted rice farmers' incomes and most of them are close to poverty income levels.
Separately, the Myanmar government has decided to provide $500 loan to each rice farmer for
helping them sustain crops in 2015, according to local sources.
Myanmar is planning to set up National Standardization Council to comply with the
Standardization Law passed this summer with a goal to standardize several products, including
rice, production technologies and services. A draft framework of the council is waiting for

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approval at the Ministry of Science and Technology.

Philippines
The Philippines is expected to continue to import huge quantities of rice in 2015 also as paddy
rice output in the first quarter of the year is estimated to decline due to a possible contraction in
acreage, according to Reuters. According to the Philippine Statistics Authority (PSA), paddy rice
output in the first quarter of 2105 is forecasted at about 4.28 million tons, down about 0.6% from
about 4.31 million tons recorded last year. Meanwhile, total paddy rice production in 2014 is
expected at about 18.88 million tons, up about 2.4% from about last year's 18.44 million tons,
but is lower by about 1% from the government's target of about 19.07 million tons.
The annual per capita consumption of rice in the Philippines has declined to about 116.5
kilograms in 2013, down about 3% from about 120 kilograms in 2006, according to the Food
Consumption and Nutrition report released by the Philippines Statistics Authority (PSA).
Meanwhile, rice production index, which measures the capacity of the Philippine agriculture
sector to produce food in proportion with the population growth, recorded an increase of about
7.5 percentage points in 2013 compared to that in 2006, according to the report.
The USDA estimates Philippines MY 2014-15 (July - June) paddy rice production at about
19.365 million tons (about 12.2 million tons, basis milled), up about 3% from an estimated
18.822 million tons (about 11.8 million tons, basis milled) in the previous year. It estimates
Philippines 2014-15 milled rice imports at about 1.6 million tons, up about 10% from last year.
Total rice stocks in the Philippines as of October 1, 2014 reached about 1.81 million tons, up
about 21% from about 1.49 million tons recorded in September 2014, and up about 2% from
about 1.77 million tons recorded during the same period last year, according to the Bureau of
Agricultural Statistics (BAS)
The Philippines is likely to import rice from Bangladesh, which has just begun exporting rice
after ensuring that the country has reached self-sufficiency in rice production, according to local
sources. The Philippines is also planning to initially import about 600,000 tons of rice to
replenish stocks and ensure adequate supply during the lean months (June - August) of 2015,
according to local sources.
Europe
The European Union (EU) has imported about 45,438 tons of rice, including milled and semimilled, from the Asian Everything But Arms (EBA) countries such as Cambodia and Myanmar,
up about 7% from about 42,465 tons imported during the same period last year, according to data
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from the Ente Nazionale Risi, the National Agency for Rice. Separately, the newly elected
Chairman of Copa-Cogeca (The united voice of farmers and their co-operatives in the European
Union Rice Working Party) has stressed that the European Union (EU) rice sector is facing
threats from increasing rice imports from Least Developed Countries (LDCs) such as Cambodia
and Myanmar under the Everything But Arms (EBA) agreement, according to a press release
posted on its website.
Other Markets
Taiwan has removed the longstanding eight-year ban on U.S. long grain rice imports and has
scheduled tender for importing about 3,000 tons of U.S. long grain brown rice for December 10,
2014, according to the USDA. Taiwan imposed ban on U.S. long grain rice imports in summer
2006 and has not heeded to requests by the U.S. several times. Meanwhile, Taiwan's Agriculture
and Food Agency (AFA) scheduled two tenders of 1,500 tons each on December 10. According
to the USDA, this is the first time Taiwan has issued tender for U.S. long grain after it opened its
rice market in January 2002.
The FAO has forecasted Sri Lanka's 2014 rice imports to increase about nine-fold to about
200,000 tons from about 22,900 tons in 2013 as the country's paddy rice production is expected
to be much lower than expected due to prolonged dry weather conditions. Meanwhile, The FAO
has forecasted Sri Lanka's total paddy production to decline to about 3.6 million tons in 2014
(about 2.4 million tons, basis milled), down about 22% from about 4.6 million tons (about 3.1
million tons, basis milled) produced in 2013.
Indonesia is targeting self-sufficiency in rice production and end rice imports within the next
two years, according to local sources. Meanwhile, Indonesian government is planning to
introduce an agricultural stimulus package to boost rice production in the country, according to
local sources. The government is targeting an increase of about 4% in the paddy rice production
in 2015 to about 73.4 million tons (about 48.44 million tons, basis milled) from an estimated
70.61 million tons (about 46.65 million tons, basis milled) in 2014, according to local sources.
Separately, the country's Central Statistics Agency (BPS) estimates 2014 paddy rice production
at about 70.61 million tons, down about 0.94% from an estimated 71.28 million tons in the
previous year. Indonesia's state-owned logistics agency Bulog is targeting to procure about 3.2
million tons of rice from local farmers in 2015, similar to this year's target, to maintain its
stockpiles, according to local sources. Rice procurement has been slow this year, according to
the Bulog President. Bulog procured about 2.4 million tons of rice from local farmers so far this
year against the targeted 3.2 million tons due to an expected decline in production.
The FAO has estimated 2014 Egypt paddy rice production at about 6 million tons (about 4.14
million tons, basis milled), down about 1.6% from about 6.1 million tons (about 4.2 million tons,
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December 09, 2014
basis milled) last year. It estimates the total cereal harvest, including rice, to slightly increase to
about 21.62 million tons from about 21.42 million tons last year. Last month, the government
had approved plans to allow rice exports in MY 2014-15 with certain conditions.
Australia's paddy rice production in MY 2014-15 (April 2014 - March 2015) is estimated to
increase to about 894,000 tons, up about 7% from an estimated 833,000 tons in MY 2013-14,
according to data from the Australian Bureau of Agricultural and Resource Economics and
Sciences (ABARES). The USDA estimates Australian paddy rice production to decline to about
700,000 tons (about 504,000 tons of rice, basis milled) in MY 2014-15 (April - March), down
about 15% from an estimated 833,000 tons of paddy rice (about 600,000 tons of rice, basis
milled) produced last year.
The Iraq government has decided to buy rice from local farmers at above-market prices during
the 2014-15 seasons to encourage farmers, according to Bloomberg. An email statement from the
Cabinet has been quoted as saying that the government will procure Jasmine rice at about
700,000 dinars (about $601.89) per ton and Anber variety at about 900,000 dinars about
$773.87) per ton.
The Bangladesh government is targeting to produce about 18.9 million tons of milled rice from
2014-15 Boro crop (January - May), under the fixed Boro Cultivation program, according to
official sources. Separately, Bangladesh produced about 34.449 million tons of rice, basis milled,
in FY 2013-14 (July - June), up about 2.7% from about 33.833 million tons produced in FY
2012-13, according to DAE data.
Bangladesh rice farmers are abandoning high-yielding hybrid rice varieties and are adopting old
traditional rice varieties, which are more resilient to climate changes such as floods and drought,
according to Reuters. According to the Director General of the Bangladesh Rice Research
Institute (BRRI), nearly 20% of rice fields in the southern part of the country are replaced with
indigenous rice varieties that can withstand drought, flooding and other stresses. Bangladesh has
signed a government-to-government (G2G) deal with Sri Lanka to export 50,000 tons of rice at
$450 per ton (CIF basis) for delivery by January 31, 2015, according to some sources.
South Korea's 2014 rice production reached about 4.24 million tons, slightly up from about 4.23
million tons in 2013 despite reduced rice acreage according to the country's Ministry of
Agriculture, Food and Rural Affairs. Recently, the South Korean government announced its
decision to open its rice import market from January 1, 2015. It has also indicated that it would
impose tariffs of about 513% on rice imports once liberalized.
Research and Scientific Development:

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December 09, 2014
The Philippine Rice Research Institute is promoting an internet-based new software called 'Rice
Crop Manager (RCM)' to aid rice farmers in rain fed and lowland rice areas.
http://www.oryza.com/news/rice-news-asia-pacific/farming-made-easy-%E2%80%98rice-cropmanager%E2%80%99
Dr EA Siddiq, Senior Scientist, Acharya NG Ranga Agricultural University, Hyderabad, talks
about what Andhra Pradesh and its twin state Telangana in south India are doing to retain their
titles of being the rice bowls of India.
http://www.oryza.com/news/research-development/gene-sources-crop-gene-pools-can-impartnatural-tolerance-rice-breeds
http://www.oryza.com/news/research-development/strategy-meet-rice-demands-2050
Ranjitha Gurram, Research Associate (Plant Protection) at Acharya NG Ranga Agricultural
University, India, lists out the most notorious rice pests and solutions to tackle them effectively.
http://www.oryza.com/news/research-development/rising-against-rice-pest-family-one-one
Mr.Daniel Ocampo, Ecological Agriculture Campaigner for Greenpeace Southeast Asia says his
organization supports varied food items that can be sourced from ecological nature to address the
problem of Vitamin A Deficiency (VAD).
http://www.oryza.com/news/rice-news/breeding-gm-rice-will-contaminate-genetic-pool-non-gmrice
India has developed three new rice varieties - CR -204, CR -205 and CR -306 - which can
withstand extreme weather conditions of Odisha and yet provide higher yields.
http://www.oryza.com/news/rice-news-asia-pacific/flood-drought-resistant-rice-varietiesdeveloped-indian-eastern-state
November Tenders:
The State Trading Corporation of India issued a tender to buy about 20,000 tons of rice.
http://www.oryza.com/news/rice-news-asia-pacific/india-invites-tenders-import-20000-tons-rice
Iraq issued two different tenders to buy about minimum 30,000 tons of rice.

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December 09, 2014
http://www.oryza.com/news/tenders/iraq-issues-international-tender-purchase-minimum-30000tons
http://www.oryza.com/news/tenders/iraq-issues-international-tender-purchase-minimum-30000tons-rice-0
Iraq bought about 15,000 tons rice in a tender.
http://www.oryza.com/news/tenders/iraq-buys-150000-tons-thai-and-us-rice-tender
Tags: oryza white rice index, rice news, Rice Prices, monthly rice market review
Global Rice Quotes

December 8th, 2014
Long grain white rice - high quality
Thailand 100% B grade 415-425
Vietnam 5% broken
385-395
India 5% broken
395-405
Pakistan 5% broken
380-390
Cambodia 5% broken
460-470
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
355-365
Pakistan 25% broken
340-350

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December 09, 2014
Cambodia 25% broken NQ
India 25% broken
355-365
U.S. 15% broken
515-525
Long grain parboiled rice

Thailand parboiled 100% stxd
400-410
Pakistan parboiled 5% broken stxd
420-430
India parboiled 5% broken stxd 380-390
U.S. parboiled 4% broken
580-590
Brazil parboiled 5% broken
570-580
Uruguay parboiled 5% broken NQ
Long grain fragrant rice

Thailand Hommali 92%
Vietnam Jasmine
915-925
525-535
India basmati 2% broken
NQ
Pakistan basmati 2% broken
NQ
Cambodia Phka Malis 825-835
Brokens
330-340
Vietnam 100% broken 325-335
Thailand A1 Super
Pakistan 100% broken stxd
300-310
Cambodia A1 Super
NQ
India 100% Broken stxd
300-310

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December 09, 2014
Egypt medium grain brokens
NQ
U.S. pet food
445-455
Brazil half grain
NQ
All prices USD per ton, FOB vessel, oryza.com
Vietnam Exports 599,948 Tons of Rice in

October 2014; Slightly Down m/m and Up
16% y/y
Dec 08, 2014
Vietnam has exported around 599,948 tons of rice in October 2014, slightly down from around
604,583 tons exported in September 2014, and up about 15% from around 517,263 tons exported
in October 2013, according to USDA. While share of Vietnam's rice exports to Asia increased
during the month, its share of exports to Africa, Europe, Americas and Australia declined.Asia
accounted for around 497,721 tons (about 83% of total rice exports by Vietnam in October
2014), up about 27% from around 391,077 tons exported in September 2014, and up about 56%
from around 319,910 tons exported in October 2013.
Vietnam exported around 54,985 tons of rice to Africa (about 9% of total rice exports by
Vietnam in October 2014), down about 38% from around 88,987 tons exported in September
2014, and down about 66% from around 159,823 tons exported in October 2013.Vietnam
exported around 31,669 tons of rice to American destinations (about 5% of total rice exports by
Vietnam in October 2014), down about 60% from around 79,075 tons exported in September
2014, and nearly three times higher than 10,955 tons exported in October 2013.
Vietnam's exports to Australia (about 1% of total rice exports by Vietnam in October 2014)
declined about 64% to around 8,688 tons from around 24,230 tons exported in September 2014
and increased about 22 times from around 403 tons exported in October 2013.Vietnam's exports
to Europe and CIS countries (about 1% of total rice exports by Vietnam in October 2014)
accounted for around 6,885 tons, down about 68% from around 21,214 tons exported in
September 2014 and down about 74% from around 26,172 tons exported in October 2013.

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December 09, 2014

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December 09, 2014
In terms of grade, 25% broken rice exports accounted for around 131,902 tons (or, about 22% of
total exports in October 2014); 15% broken rice exports accounted for around 116,066 tons (or,
about 19% of total exports in October 2014); 5% broken rice exports accounted for around
112,180 tons (or, about 19% of total October exports); glutinous rice exports accounted for
around 114,557 tons (or, about 19% of total October exports); Jasmine rice exports accounted for
around 74,471 tons (or, about 12% of total October exports); and 10%, 100% and other varieties
accounted for around 50,772 tons (or, about 8% of total exports in October 2014).
Tags: Vietnam rice exports, Vietnam rice exports to Asia, Vietnam rice exports to Africa, Vietnam rice exports
to Europe, Vietnam rice exports to Australia
Thailand NACC Plans to Conclude Probe

into Alleged G2G Rice Deal This Month
Dec 08, 2014
Thailand's National Anti-Corruption Commission (NACC)

is planning present the results of its investigation into the
alleged government-to-government (G2G) deal between
the previous government and the Chinese government in
the NACC general meeting scheduled this month, and
conclude the case, according to local sources. The NACC
Chairman told local sources that the investigation
committee has completed all the formalities relating to
gathering adequate evidences and questioning of
witnesses, including the former Commerce Minister
Boonsong Teriyapirom and his then-deputy Phum Sarapol.
He noted that the agency hopes to conclude the probe this
month and decide whether the accused Ministers are to be convicted or not.
The NACC accused that the former Ministers allegedly struck a G2G deal with the Chinese
government to sell rice pledged under the rice pledging scheme.The former Prime Minister (PM)
is also facing charges of ignoring warnings against misdealing in the controversial rice pledging
scheme, which brought losses of over 500 billion baht (around $15.6 billion) to the exchequer.

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December 09, 2014
Tags: Thai rice pledging case, National Anti Corruption Commission (NACC)
Philippines Plans to Import 600,000 Tons of

Rice to Cover Damages from Typhoon
Hagupit
Dec 07, 2014
The National Food Authority (NFA)

of the Philippines is planning to
import another 600,000 tons of rice
this year, to cover damages caused by
Typhoon Hagupit (Ruby), according
to Reuters.Initial rice crop losses from
the Typhoon are estimated at around
20,000 tons, worth around P312.87
million (around $7 milion). The
imports are to maintain buffer stocks
after the NFA was forced to release
stocks on an emergency basis to boost
stocks in areas expected to be hit by
the Typhoon. The agency is likely to release more stocks in the coming week, according to local
sources.
With this, the Philippines 2014 rice imports will be at around 2.4 million tons. The NFA
imported around 1.8 million tons of rice (including 1.5 million tons of this year's imports and
300,000 tons of last year's residual imports) so far this year to replenish rice stocks and control
price hikes. The NFA is still authorized to import another 500,000 tons of rice this year, if need
arises.
The NFA Administrator was quoted as saying that the NFA is seeking to increase volume of
imports under the standing order by another 100,000 tons and the recommendation will be
discussed at the NFA Council shortly.However, he noted that it was too early to release a
timetable for the new imports. He also denied to confirm whether the imports would be through
government-to-government contracts or through open tenders.

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December 09, 2014
Last week, the NFA Council and the Agriculture Secretary were reportedly planning to
recommend to the President the need to import around 600,000 tons of rice to replenish stocks
and ensure adequate supply during the lean months (June - August) of 2015 after the Philippine
Statistics Authority (PSA) lowered forecasts for paddy rice in the first quarter of 2105 by about
0.6% q/q to around 4.28 million tons. According to local sources, NFA was planning to issue
tenders for the 2015 rice imports in December 2014 or January 2015.Analysts are expecting that
impending huge demand from the Philippines may exert downward pressure on global rice
prices. Rice export prices in Asia have already gone down significantly in the past two months
due to increasing supplies from harvest season.
USDA estimates Philippines MY 2014-15 (July - June) paddy rice production at around 19.365
million tons (around 12.2 million tons, basis milled), up about 3% from an estimated 18.822
million tons (around 11.8 million tons, basis milled) in the previous year. It estimates Philippines
2014-15 milled rice imports at around 1.6 million tons, up about 10% from last year's 1.45
million tons.
Tags: Philippines rice imports, Typhoon Hagupit, National Food Authority (NFA)
Vietnam Exports 5.84 Million Tons Rice in

First Eleven Months of 2014
Dec 08, 2014
Vietnam exported around 5.843 million tons of rice in first eleven months (January - November)
of 2014, down about 5% from around 6.17 million tons of rice exported during the same time
last year, according to data from the Vietnam Food Association (VFA). Average rice export price
so far in this year stands at about $439 per ton (FOB), up about 2% per ton from same time last
year.
In November 2014, Vietnam exported around 484,513 tons of rice, up about 18% from around
410,423 tons rice exported in November 2013, and down about 15% from around 570,769 tons
rice exported in October 2014. Average export price in November stands at around $465 per ton,
up about 5% from a year ago, and down about 1% per ton from a month ago.
Tags: Vietnam rice exports, Vietnam Food Association (VFA)

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December 09, 2014
Thailand Rice Sellers Lower Some of Their

Quotes Today; Pakistan, Vietnam Rice
Sellers Increase Some of Their Quotes
Dec 08, 2014
Thailand rice sellers lowered their quotes for 5% broken rice and parboiled rice by about $5 per
ton each to around $400 - $410 per ton each today. Vietnam rice sellers increased their quotes for
25% broken rice by about $5 per ton to around $355 - $365 per ton. Pakistan rice sellers
28
23
December 09, 2014
increased their quotes for 25% broken rice by about $5 per ton to around $340 - $350 per ton.
India rice sellers kept their quotes mostly unchanged.
5% Broken Rice
Thailand 5% rice is quoted at around $400 - $410 per ton, down about $5 per ton from Thursday
and about $15 per ton premium on Vietnam 5% rice shown at around $385 - $395 per ton. India
5% rice is quoted at around $395 - $405 per ton, about $15 per ton premium on Pakistan 5% rice
quoted at around $380 - $390 per ton.
25% Broken Rice
Thailand 25% rice was last quoted at around $350 - $360 per ton, about $5 per ton discount to
Vietnam 25% rice shown at around $355 - $365 per ton, up about $5 per ton from Friday. India
25% rice is quoted at around $355 - $365, about $15 per ton premium on Pakistan 25% rice
quoted at around $340 - $350 per ton, up about $5 per ton from Friday.
Parboiled Rice
Thailand parboiled rice is quoted at around $400 - $410 per ton, down about $5 per ton from
Thursday. India parboiled rice is quoted at around $380 - $390 per ton, about $40 per ton
discount to Pakistan parboiled rice quoted at around $420 - $430 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is quoted at around $330 - $340 per ton, about $5 per ton
premium on Vietnam 100% broken rice shown at around $325 - $335 per ton. India's 100%
broken rice is shown at around $300 - $310 per ton, on par with Pakistan broken sortexed rice
quoted at around $300 - $310 per ton.
Tags: Vietnam rice prices, India rice prices, Thailand rice prices, pakistan rice prices
Thailand Devises Strategy to Accelerate

Stockpiled Rice Sales; Plans to Auction
400,000 Tons of Rice This Month
Dec 08, 2014

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December 09, 2014
The Thailand government is planning to speed up the

stockpiled rice sales process, according to local sources.
The Commerce Ministry has reportedly submitted a rice
sales framework for 2015 to the National Rice Policy and
Management Committee (NRPMC). It is keen on selling
the entire stock of rice as early as possible as well as
increasing the efficiency of rice management. Under the
proposed framework, the Ministry is planning to set up a
pricing system based on the quality of the rice in
warehouses. Currently, there are 17 million tons of rice
government warehouses and of them around 14 million
are sub-standard, around 700,000 tons are rotten, and
around 200,000 tons are missing, according to the
Ministry sources. Around 2 million tons, or 10% of rice
stocks is of standard quality, according to the latest audit carried out by the military government.
The Ministry is planning to work with rice mill operators, exporters and farmers to discuss
suitable rice prices. Ministry sources told local media that it would on a priority basis classify the
rice in warehouses based on the type and quality. They noted that rice in various warehouses is
mixed up without proper classification. Proper classification would simply the sales process, said
the Deputy Commerce Minister.
The government is keen on selling as much rice as possible through the government-togovernment (G2G) deals, she added. The government already has received buying interests from
Hong Kong and Iraq, and negotiations are underway to increase sales to African and Middle East
nations.The Commerce Ministry is planning to sell around 400,000 tons of rice through auctions
before the end of this month, according to the Commerce Minister. Date of auction will be
decided on December 11, according to Reuters. The Minsitry also seeks to deliver around
900,000 to 1 million tons of rice by year-end under already signed G2G contracts.
The Ministry sold around 350,000 tons of rice in the first three auctions (after resuming sales in
August this year) raising around 3.48 billion baht ($105.2 million). The military government
halted sales of rice stocks to carry out an nationwide inspection of rice stocks in July this
year.Thailand exported around 8.77 million tons of rice in January - October 2014, up about 62%
from around 5.41 million tons exported during the same period last year. The government hopes
to export over 11 million tons of rice in 2014.
Tags: Thai rice stocks, Thai rice sales

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December 09, 2014

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China Plans to Import More Rice in 2014 at

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The Chinese government is planning to advantage of the

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approval at the Ministry of Science and Technology.

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Global Rice Quotes

Long grain white rice - low quality

Thailand 25% broken

Vietnam 25% broken

Pakistan 25% broken

Riceplus Magazine wwww.ricepluss.com

December 09, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Cambodia 25% broken NQ

India 25% broken

U.S. 15% broken

Long grain parboiled rice

Pakistan parboiled 5% broken stxd

India parboiled 5% broken stxd 380-390

U.S. parboiled 4% broken

Brazil parboiled 5% broken

Uruguay parboiled 5% broken NQ

Long grain fragrant rice