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11th december,2013 oryza news shared by riceplus magazine

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Daily Rice Global Rice E-Newsletter by Riceplus Magazine …

Daily Rice Global Rice E-Newsletter by Riceplus Magazine

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  • 1. 11th December , 2013 Chinese COLOR SORTER as low as Pak Rs 22 Lakh Only A Time Limited Offer Contact: Cell: 0300 414 3493 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
  • 2. Share developments in rice and allied sectors, Promote the Concept of Knowledge Economy Dear Sir/Madam, YOUR IDEA has a great worth---JUST share it through RICE PLUS 1000+ stakeholders of rice industry read & apply various ideas and analysis written by the authors. Be the part of Rice plus authors Visit www.ricepluss.com,www.publishpk.net Contact mujahid.riceplus@gmail.com riceplus@irp.edu.pk 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
  • 3. TOP Contents - Tailored for YOU Latest News Headlines… Rice - Food for the Body and Soul WTO Allows Developing Countries to Continue Food Security Programs Up to 2017 India Promotes Organic Rice Farming Oryza U.S. Rough Rice Recap – WASDE Report Leaves Market Little Changed Uncertainty over U.S. Farm Bill Keeps Rice Industry Hanging in the Balance Oryza Rice Currency Analysis for Today – Brazil Real Up 0.5% Oryza Afternoon Recap – Chicago Rough Rice Futures Show Little Reaction to Latest WASDE Update while Wheat Gets Hammered by Increased Carryout Vietnam Rice Prices High Due to Export Demand, FAO Says Vietnam Rice Prices High Due to Export Demand, FAO Says Philippines Rice Retail Prices Increase Ahead of Christmas Season Thailand Rice Mortgage Program to Continue Despite Dissolution of Parliament Oryza Overnight Recap – Chicago Rough Rice Futures Slightly Lower Overnight Ahead of USDA WASDE Update Due Out Today Brazilian Paddy Rice Index Increases 1% Last Week Vietnam, Pakistan Rice Sellers Lower Some of Their Quotes Today Oryza Quick Glance at World News Oryza Global Rice Quotes NEWS DETAILS: Rice - Food for the Body and Soul Dec 10, 2013 Rice is a simple grain, yet its impact on human kind profound - feeding billions of people over thousands of years, the foundation for ancient civilizations, and the backbone of daily life for many today. It’s no surprise that artists use rice paddies as both an inspiration and medium for artistic expression and exploration. Japanese 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
  • 4. artist Setsu Suzuki has created an art installation boasting hundreds of red poles adorned with bright yellow masks in the rice fields in Ubud, Bali. The poles are arranged in concentric circles and symmetrical lines, mimicking the flow of the wind through the fields. The installation is part of Suzuki’s ongoing Taue Project, and this is Suzuki’s seventh rice-field installation in as many years, with previous projects taking place in Bangladesh, India, and Japan.The rice fields provide an apt location for Suzuki’s exploration of the question ―What is sculpture?‖ This question has been driving his artwork for years, and he uses it as a starting point to probe the ―relationships between reality and art, art and the earth, and the earth and human beings,‖ according to artnewsviews.com. Over the last seven years, Suzuki has created thousands of these mask-topped poles, called rakan, each of which represents these relationships and the connections between people and rice.Suzuki is on a self-appointed mission to create original Japanese sculpture, artwork that is not heavily influenced by the West but instead illuminates a true connection. The rice fields are a perfect spot for Suzuki to develop this art. He calls the rice field ―a spiritual environment, one that is intimately connected to the body,‖ noting that ―for most Asians, the body is made from rice.‖ For Suzuki, art is all about the spiritual connection, and he works hard to make that clear in each project he does. The installation opened on November 18, a sacred day for Balinese Hindus because of the full moon, which cast an illuminating glow on the fields below.His next installation is scheduled for the Himalayan rice fields in Nepal and will give Suzuki a chance to physically connect with the Buddhist philosophy that he says guides his work. Tags: rice paddies, rice art, Taue Project, Setsu Suzuki 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
  • 5. WTO Allows Developing Countries to Continue Food Security Programs Up to 2017 Dec 10, 2013 The 159 member countries of the World Trade Organization (WTO) have almost finalized the ―Bali Package‖ to reform global trade after last-minute negotiations ensured developing countries could continue various food programs and exporters agreed to reduce export subsidies in agriculture.The ―Bali Package‖ is considered as the first major agreement among WTO members since it was formed in 1995. The legally binding agreement aims to facilitate reforms to make global trade easier; faster and cheaper; provide clarity, efficiency and transparency; reduce bureaucracy and corruption, and use technological advances, the WTO says. The agreement also has provisions for transport of goods to landlocked countries seeking to trade through ports in neighboring countries. It is estimated that global economy would grow between $400 billion and $1 trillion because of the Bali Package which is likely to be adopted by July 31, 2014. However, the draft agreement was reached after negotiations over food subsidies in countries like India. The current WTO’s ―Amber Box‖ domestic support allows governments to support agriculture produce up to 10% of annual production but this kind of support is considered in WTO as trade distorting. Developing countries 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
  • 6. say that it is difficult to stay within the limit and want food support programs to be placed under a ―Green Box‖ without any food stockholding limits and not be considered as trade distorting.Under an interim solution proposed by WTO, members agreed to temporarily refrain from lodging a legal complaint if a developing country exceeded its Amber Box limits as a result of stockholding for food security. This proposal would protect developing countries for up to four years and is likely to be accepted by most developing countries including India. ―Work on finding a longer term solution would continue after the ministerial conference. Countries using these policies would provide up-to-date data and other information on what was involved, so that other countries could see what was happening,‖ WTO says. Tags: World Trade Organization (WTO), Bali Package India Promotes Organic Rice Farming Dec 10, 2013 Organic farming of rice and other food products is gaining popularity in India driven by demand in cities. According to the government, total area under organic farming was 42,000 hectares in 2004-05, which grew to around 1.08 million hectares in 2010, a growth of around 157% in six years.According to local sources, the organic food market is growing rapidly in Indian cities mainly due to health benefits. According to trade estimates, the Indian organic food industry is likely to grow to around $1.7 billion by 2017, up about 900% from around $190 million in 2011. Rice is the second largest crop (after cotton) under organic farming in India. Demand for organic rice is growing in most parts of India and exporters are increasingly adding organic rice to their product range.Nine states (of the total 28) have drafted organic farming policies and four states (Uttarakhand, Sikkim, Nagaland, Mizoram) plan to achieve 100% organic cultivation in the coming years. The government says it supports organic farming to prevent soil deterioration due to use of chemical fertilizers.The Indian government is providing cash subsidies and financial assistance to bio-fertilizer and bio-pesticide production companies to encourage organic farming in the country. The Minister of State for Agriculture and Food Processing Industries says that the government is providing Rs. 500 (about $8) per hectare to farmers to promote use of organic manure. The government also provides assistance of up to 25% and 33% of financial outlay up to a ceiling of Rs. 40 lakhs (about $65,650) and Rs. 60 lakhs (about $98,500) respectively for the establishment of bio-pesticides/bio-fertilizers production units and agro waste compost production units respectively. Tags: India organic rice farming 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
  • 7. Oryza U.S. Rough Rice Recap – WASDE Report Leaves Market Little Changed Dec 10, 2013 The U.S. cash market was little changed today after the USDA WASDE report showed only a slight reduction in their projected long grain ending stocks which was the result of a 1 million cwt decrease in long grain imports. Offers were could still be found today around $15.65-$16.66 per fob farm (about $345-$367 per ton), depending on where they are located in the U.S. mid-South, for December through January shipment.Bids from larger mills held steady near $15.00 per cwt (about $331 per ton) while bids from exporters were firm around $15.25 per cwt (about $336 per ton), both for December through January delivery, however there was no selling interest at these levels. Tags: U.S. rice market, U.S. rice prices Uncertainty over U.S. Farm Bill Keeps Rice Industry Hanging in the Balance Dec 10, 2013 The next U.S. Farm Bill remains up in the air and no resolution is expected before January. Depending on how the legislation shapes up will in turn affect which crops farmers will plant, including rice.The USA Rice Federation, along with the National Cotton Council and the Southern Peanut Farmers Federation have urged the federal government to find a new resolution rather than extend the current farm bill. Without the certainty of a new farm bill, farmers will be unable to forecast their business plan for the future, make long term investments, and secure capital, the organizations say. Since any extension would be temporary, making long-term investment difficult for producers. The Senate’s version of farmer protection isn’t actually that different from the House version. The Senate bill allows producers to choose between Agriculture Risk Coverage (ARC) and the Adverse Market Payments (AMP) program. ARC pays out based on a county’s revenue loss or an individual farm’s revenue loss, and AMP pays out when market prices drop below 55% of historical prices.The House bill allows producers to choose between Revenue Loss Coverage (RLC) and Price Loss Coverage (PLC). RLC pays out on losses on 15% to 25% of a county’s benchmark revenue, a number calculated based on historical yields and fixed or historical prices. PLC pays out when prices are below the reference price during the first five months of the crop year.One difference is whether more subsidies will go to revenue insurance programs (as the Senate favors) or yield insurance programs (as the House favors). While most farmers will likely purchase a combination of several different types of protection programs, rice farmers tend to favor yield insurance over revenue insurance, since rice prices are not as volatile as corn and soybean prices, which fluctuate based on a variety of economic and political factors such as energy prices and feed prices. With rice used mostly by consumers, and consumer demand doesn’t fluctuate as much as demand from feed animals (which vary in population size from year to year), it is unlikely that rice prices would drop significantly enough for revenue protection programs to pay out, and these revenue protection programs are 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
  • 8. more expensive for the farmer and the taxpayer both – about twice as expensive as yield protection programs, according to one source. The revenue protection plan is also more heavily subsidized. The Environmental Working Group gives the following example: a farmer gets yield protection insurance at the cost of $29 per acre and the federal government pays $14 of that, leaving the farmer to pay only $15. If the same farmer gets revenue protection insurance, which costs $56 per acre, the farmer will pay $29 and the government will pay $27. It’s not so much that rice farmers would be directly hurt by the Senate version of the bill; but rather, the House version seems to be more accurately tailored to their needs.Another problem concerning these groups is the trade relationship with Brazil. If new legislation is not passed, U.S. exporters fear that Brazil will make good on its threats regarding a trade dispute. This consequence may not affect rice to the extent that it will affect other crops, but it’s still worth watching closely to see how Brazil reacts.One thing the debates over the farm bill do seem to be accomplishing is dividing the agriculture industry. The sugar industry has already made efforts to separate itself from the current legislation, and some critics argue that the corn and soybean associations are dominating the lobby at the expense of smaller industries, like rice. This division is detrimental to all agricultural groups, and might be one of the most significant casualties of the drawn-out debates about the bill, according to industry experts.If the current bill isn’t extended and a new one isn’t approved soon, the farm bill will revert back to 1949 law which doesn’t support farmers with direct subsidies but does provide a minimum price. This means legislation could provide some very basic support for rice prices, and prices of other crops, but may discourage investment in agriculture including rice. Tags: U.S. Farm Bill, U.S. rice production, U.S. rice market, U.S. rice prices Oryza Rice Currency Analysis for Today – Brazil Real Up 0.5% Dec 10, 2013 U.S. dollar index was down -0.22% from the open today, when it traded at 79.960 at the close. Euro was stronger +0.18% today by the close, trading around 1.3763 by end of day, after trading between an intraday high of 1.3795 and low of 1.3734. The euro rallied today as finance ministers in Europe met to discuss a resolution to deal with failed banks on the continent. Thai baht was stronger +0.19%, trading at 32.070 at the close of business. Indian rupee was +0.16% stronger, trading at 61.0375. Brazilian real was +0.48% stronger than the open at today’s close, when it ended at 2.3067 reais per dollar. Pakistan rupee was +0.41% stronger at 107.7667. 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
  • 9. Vietnamese dong was unchanged at 21120. Mexican peso was -0.04% weaker today, when it traded at 12.8612 pesos per dollar by the close of business today. Chinese yuan was +0.02% stronger at 6.0712. Argentine peso was -0.23% weaker at 6.2633 pesos per dollar. Tags: foreign exchange rates Oryza Afternoon Recap – Chicago Rough Rice Futures Show Little Reaction to Latest WASDE Update while Wheat Gets Hammered by Increased Carryout Dec 10, 2013 Chicago rough rice futures for January delivery settled 5 cents per cwt (about $1 per ton) higher at $15.560 per cwt (about $343 per ton). Rough rice futures mounted a last minute recovery to close slightly higher on the day. Trade volume was muted this morning ahead of the noon eastern release of the latest USDA S&D update, and prices were unchanged going into the release of the report. Today’s update was seen as a ―non-event‖ as the USDA made only minor changes to Supply which resulted in a slight reduction in carry-over. Traders showed little interest in today’s report which left today’s market action to be dominated by spread activity as shorts look to roll their positions forward. The other grains closed lower today; soybeans finished the day about 0.4% lower at $13.3825 per bushel; wheat finished about 1.8% lower at $6.3975 per bushel; and corn finished the day about 0.5% lower at $4.3600 per bushel.U.S. stocks fell on Tuesday, with the S&P 500 retreating from a record close, as investors considered the timing of reduced monetary stimulus from the Federal Reserve and monitored budget negotiations on Capitol Hill. The Dow Jones Industrial Average fell, with two-thirds of its 30 components in the red. The S&P 500 also slid, with consumer staples and utilities the worst performing of its 10 major sectors. After wavering between small gains and losses, the Nasdaq declined. The market offered muted reaction to data from the Labor Department's Bureau of Labor Statistics, which reported job openings in October rose to 3.93 million, up slightly from the month before. The report is said to be a favorite of Janet Yellen, nominated to chair the Fed when Ben Bernanke's term expires next month. The Fed will also be awaiting the results of budget negotiations, as lawmakers have until Friday to reach an agreement to reduce automatic spending cuts and halt a three-year streak of failed fiscal discussions. U.S. stock markets are currently trading down about 0.2%, gold is trading about 2.3% higher, crude oil is seen trading about 1% higher, and the U.S. dollar is seen trading about 0.3% lower at about 2:00pm Chicago time.Looking to the daily continuation chart of Chicago rough rice futures for January delivery, prices bounced off of nearby support noted yesterday at $15.500 per cwt (about $342 per ton) a level that holds both 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. psychological and technical importance. The 50-day moving average is currently noted at this level, a fact that likely provided support to today’s late session bounce. Traders are keeping a close eye on this level and indicate that a close below would trigger additional technical selling. On the other hand some market participants point to the markets inability to continue the recent trend of putting in place consecutively lower lows as an indication that the market could be in for a further bounce tomorrow. Today’s trading range is noted as $15.480-$15.585 per cwt (about $341-$344 per ton).Monday, there were 498 contracts traded, down from 843 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday decreased by 140 contracts to 8,478. USDA WASDE Recap • All rice imports are lowered 1 million cwt, equivalent to about 45,000 tons (all in long grain), to 21 million cwt (about 950,000 tons) based on U.S. Census Bureau data through Oct and expectations for the remainder of the marketing year. • U.S. 2013-14 beginning stocks and production are unchanged from a month ago. • U.S. 2013-14 rice total use is unchanged from last month—with domestic and residual use and exports forecast at 116 million cwt (about 5.3 million tons) and 100 million cwt (about 4.5 million tons), respectively. • All rice ending stocks at 30.2 million cwt (about 1.4 million tons) are down 3% from a month ago. • The 2013-14 long-grain rice season-average farm price range is projected at $14.80 to $15.80/cwt (about $326-348 per ton), up $0.30 per cwt (about $6.60 per ton) on each end of the range from last month. • Global total supplies of rice for 2013/14 are lowered more than the decrease in total use resulting in a drop in world ending stocks. • Global rice consumption for 2013/14 is forecast at a record 472.9 million tons, down 200,000 tons from last month due mostly to a decrease in India. •Global 2013/14 exports are increased due to an increase of 500,000 tons for Thailand, now forecast at 8.5 million tons. • World ending stocks for 2013/14 are projected at 104.3 million tons, down 2.2 million tons from last month, and a decrease of 2.3 million tons from the year earlier. Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market Vietnam Rice Prices High Due to Export Demand, FAO Says Dec 10, 2013 Domestic rice prices in most Asian countries declined in November 2013 due to the beginning of main season harvests, which caused the FAO All Rice Price Index to decline by one point to 223 points. However, Vietnam rice prices have increased in the month supported by strong export demand, according to the FAO.The ongoing harvest of the minor 10th Month crop in Vietnam has little impact on prices which strengthened in November 2013. FAO says that export commitment of 500,000 tons of 25% broken white rice to the Philippines, and sales to China supported prices. Moreover, Typhoon Wutip, which hit Vietnam on October 1, 2013, disrupted supplies and helped push prices higher, the FAO says. 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
  • 11. According to the FAO, wholesale prices of 25% broken rice in Vietnam stood at around VND 7,375 per kilogram (about $350 per ton) in November 2013, up about 3% from the previous month. However, rice prices are still about 10% below their levels a year earlier in November 2012, the FAO says. Tags: Vietnam rice prices Philippines Rice Retail Prices Increase Ahead of Christmas Season Dec 10, 2013 While prices of major food items remain under check in the aftermath of Typhoon Haiyan in the Philippines, rice prices have increased around 3% - 11% in the last week, according to the Bureau of Agricultural Statistics (BAS).―Basic food items like cooking oil, sugar, meat and poultry products were sold at old prices as supply amply filled market demand,‖ the BAS says. However, rice retail prices continue to increase. Average price of regular milled rice (RMR) in the metropolitan areas stand at around P36 per kilogram (about $818 per ton) this week, up about 3% from around P35 per kilogram (about $795 per ton) recorded in the previous week. Prices of special or fancy rice are up about 11% from P45 per kilogram (about $1,022 per ton) to about P50 per kilogram (about $1,136 per ton) in the same period. Prices of well milled and premium rice have not changed, according to the BAS.According to the Department of Agriculture (DA), Typhoon Haiyan hasn’t affected rice production significantly, and food donations and approved imports of around 500,000 tons are likely to improve rice supplies in the country soon. However, the government has not announced the government rice import tender results officially and it is doubtful whether rice imports will reach local retail markets before the Christmas season. Tags: Philippines rice prices Thailand Rice Mortgage Program to Continue Despite Dissolution of Parliament Dec 10, 2013 Thailand’s Election Commission has allowed the cabinet to continue the government rice mortgage program despite the dissolution of the Parliament yesterday. However, the official sources say that the second round of the rice mortgage program may be reviewed by the new cabinet in February 2014.The first round of the 201314 rice mortgage program (which began October 2013) will end in February 2014. The government is buying white paddy rice from farmers at 15,000 baht (about $467) per ton since October 1, 2013 and planned to buy white paddy rice at 13,000 baht (about $405) per ton in the second round.The Director-General of the Internal Trade Department says that the Bank for Agriculture and Agricultural Cooperatives (BAAC) will implement the program and delayed payments are likely to be made by mid- 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
  • 12. January.The Thai Prime Minister dissolved the Parliament yesterday due to massive protests against the government running up to several weeks. Elections are expected to take place on February 2, 2014. Read related Oryza story: Thailand Rice Mortgage Program Under Examination as Anti-Government Protests Peak Tags: Thailand rice mortgage program, Bank for Agriculture and Agricultural Cooperatives Oryza Overnight Recap – Chicago Rough Rice Futures Slightly Lower Overnight Ahead of USDA WASDE Update Due Out Today Dec 10, 2013 Chicago rough rice futures for January delivery are currently paused 2 cent per cwt (about $0.44 per ton) lower at $15.490 per cwt (about $341 per ton) as of 8:00am Chicago time. The other grains are seen mixed this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.1% lower, wheat is seen about 0.5% lower, and corn is paused about 0.5% lower.U.S. stock index futures pointed to a flat open on Tuesday, ahead of the publication of the JOLTS jobs openings report. The report from the Bureau of Labor Statistics looks at openings in October, and will be out at 10 a.m. ET. It has been highlighted by upcoming Federal Reserve Chairman Janet Yellen as an important supplement to the more traditional labor market indicators. The report follows last Friday's better-than-expected nonfarm payrolls number for November, which was nonetheless viewed as insufficiently strong to incite the Fed to start tapering its massive bond purchases before the New Year. U.S. small business optimism and wholesale inventories are the other major data releases due Tuesday, as well as the federal budget for November. Outside of the U.S., data released on Tuesday showed Chinese retail sales in November beat market estimates, while industrial output matched expectations. The data follows stronger-than-expected trade figures released at the weekend, and confirmed hopes that the world's second-largest economy can sustain its upward trend. U.S. stock index futures are currently trading about 0.3% lower, gold is currently trading about 2%higher, crude oil is seen trading about 1.2% higher, and the U.S. dollar is currently trading about 0.2% lower at 8:00am Chicago time. Tags: chicago rough rice futures 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
  • 13. Brazilian Paddy Rice Index Increases 1% Last Week Dec 10, 2013 The Brazilian paddy rice index maintained by CEPEA increased last week, reaching around 35.55 real per 50 kilograms on December 9, 2013, up about 1% compared to around 35.09 real per 50 kilograms recorded on December 2, 2013. In terms of USD per ton, the index stood at around $305.4 per ton on December 9, 2013, up about 2% compared to around $299.4 per ton on December 2, 2013. Tags: Brazil CEPEA rice price index 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
  • 14. Vietnam, Pakistan Rice Sellers Lower Some of Their Quotes Today Dec 10, 2013 Vietnam rice sellers lowered some of their quotes by about $5 - $10 per ton today. Pakistan rice sellers lowered some of their quotes by about $5 per ton. Thailand and India rice sellers kept their quotes unchanged. 5% Broken Rice Thai 5% rice is quoted around $390 - $400 per ton, about a $30 per ton discount to Viet 5% rice shown around $420 - $430 per ton, down about $5 per ton from yesterday. Indian 5% rice is quoted around $415 - $425 per ton, about a $35 per ton premium over Pak 5% rice quoted around $380 - $390 per ton, down about $5 per ton from yesterday. 25% Broken Rice Thai 25% rice is quoted about $365 - $375 per ton, and about a $30 per ton discount to Viet 25% rice shown around $395 - $405 per ton, down about $5 per ton from yesterday. Indian 25% rice is quoted about $375 - $385 per ton, about a $35 per ton premium over Pak 25% rice quoted around $340 - $350 per ton, down about $5 per ton from yesterday. Parboiled Rice Thai parboiled rice is quoted around $455 - $465 per ton. Indian parboiled rice is quoted around $395 - $405 per ton, about a $35 per ton discount to Pak parboiled rice last quoted around $430 - $440 per ton. 100% Broken Rice Thai broken rice, A1 Super, is quoted around $330 - $340 per ton, about a $35 per ton discount to Viet broken rice shown around $365 - $375 per ton, down about $10 per ton from yesterday. Indian broken sortexed rice is quoted about $315 - $325 per ton, about a $5 per ton discount to Pak broken sortexed rice quoted around $320 - $330 per ton, down about $5 per ton from yesterday. Tags: Asia rice quotes, India rice quotes, Pakistan rice quotes, Thailand rice quotes, Vietnam rice quotes Oryza Quick Glance at World News Dec 10, 2013 Financial Times – *Foreign banks in China have warned that they will suffer severe ―collateral damage‖ from new rules aimed at limiting off-balance sheet lending by domestic banks. Beijing has drafted regulations to restrict interbank loans after financial institutions used them to circumvent government-imposed credit controls. *The U.S. government on Monday drew a line under one of the most complex rescues of the global financial crisis, when it announced it had sold the last of its stake in General Motors, the country’s biggest carmaker by sales. *The U.S. has reached an important milestone in its recovery from the financial crisis after the first rise in outstanding mortgage debt since the beginning of 2008. After reducing debt for 21 consecutive quarters, U.S. 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
  • 15. households increased their net mortgage liabilities at an annualized rate of 0.9% in the third quarter of 2013, according to new data from the U.S. Federal Reserve. *Europe is on the brink of a banking union deal that will bring a ―real revolution‖ to its financial system, France’s finance minister predicted, as he signaled differences with Germany on a system to fund failed banks were narrowing. *Nicolás Maduro, the Venezuelan president, has pledged to continue his ―economic offensive‖ against private business after the victory of his ruling PSUV in Sunday’s local elections strengthened his hand. However, despite his rhetoric, analysts said the result could give him enough political muscle to undertake less populist measures such as devaluation. *Vladimir Putin has dissolved state-run news agency RIA Novosti, ordering its assets to be handed over to a new international news service run by one of Russia’s most conservative TV pundits. *Portugal plans to raise funds in debt markets early in 2014 to meet funding requirements for the year, before building a financial cushion for after the country exits from its international bailout programme. *Iron ore rose $0.20 to $139.40 a tons after the Chinese government said it had imported a record 77.84 million tons in November, up nearly 18% on the same month a year ago. Iron ore, the main commodity used in steelmaking, is seen as a proxy for industrial activity and construction in China, which imports more than half of the world’s seaborne trade. Wall Street Journal*American and Israeli officials have begun lobbying Germany to make its overall policy on art restitution faster and more transparent—broadening the focus beyond the recent, high-profile case of 1,400 works found in a Munich apartment to include collections in German museums as well. *Ukraine's opposition rejected the government's call for talks to resolve the political crisis here, as police clashed with protesters and were accused of raiding the main opposition party's headquarters. *NASA's Curiosity rover has uncovered signs of an ancient freshwater lake on Mars that may have teamed with tiny organisms for tens of millions of years, far longer than scientists had imagined, new research suggests. *European finance ministers were closing in on a new system for winding down sick banks, in which the failure of a lender could be partly financed by banks from other countries, two European officials said Monday. *Britain's parliament postponed its scheduled business Monday to hold a session for lawmakers to pay tribute to Nelson Mandela, the first time the honor has been afforded to a leader of another country. *Israel, Jordan, and the Palestinian Authority signed a water-supply agreement to slake rising cross-border demand, a rare step toward economic integration despite persistent political rancor holding up progress on a Middle East peace accord. *North Korea's highest-profile leadership purge since Kim Jong Un took power is viewed by outside observers as a move to consolidate power that could trigger instability if it upsets the balance between the military and the ruling party. *Taiwan President Ma Ying-jeou – who has invested heavily in improving ties with China – is now dodging the flak fired in his direction since Beijing unveiled its ADIZ, which overlaps with similar zones of Japan, South Korea, and Taiwan. Already struggling with approval ratings of around 11%, Mr. Ma hardly needs this additional headache, particularly as his party eyes important elections later next year. New York Times- 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. *U.S. House and Senate negotiators reached final agreement Monday on a Pentagon policy bill that would strengthen protections for military victims of sexual assault and keep the prison at Guantánamo Bay, Cuba, open over President Obama’s strenuous objections, as Congress rushed to wrap up work for the year. *John Podesta, a former chief of staff to President Bill Clinton and a trusted Democratic operative, will join the White House staff as a senior counselor to President Barack Obama, two persons familiar with the move said late Monday. *U.S. Representative Alan Grayson, a Florida Democrat, lost about $18 million in a scheme involving a Reston, Virginia-based firm that loaned customers funds in exchange for securities posted as collateral, his office said on Monday. *An inspection team from the U.N. nuclear agency will visit Libya to assess the thousands of barrels of yellowcake uranium that reportedly are being stored at a former military site amid a ―precarious‖ security situation in the country, a U.N. official said Monday. *U.S. President Barack Obama has arrived in South Africa to pay tribute to Nelson Mandela, the iconic leader, and Nobel Peace Prize winner who died Thursday at age 95. *Britain should cultivate allies and use its clout to stop a tax on financial transactions in 11 EU countries from harming the City of London, a panel of U.K. lawmakers said. Tags: World news Oryza Global Rice Quotes December 10th, 2013 Long grain white rice - high quality Thailand 100% B grade 410-420 Vietnam 5% broken 420-430 ↓ India 5% broken 415-425 ↔ Pakistan 5% broken 380-390 ↓ Cambodia 5% broken 455-465 ↔ U.S. 4% broken 585-595 ↔ Uruguay 5% broken 625-635 ↔ Argentina 5% broken 625-635 ↔ ↔ Long grain white rice - low quality Thailand 25% broken 365-375 ↔ Vietnam 25% broken 395-405 ↓ Pakistan 25% broken 340-350 ↓ Cambodia 25% broken 430-440 India 25% broken 375-385 ↔ U.S. 15% broken 565-575 ↔ ↔ 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
  • 17. Long grain parboiled rice Thailand parboiled 100% stxd 455-465 Pakistan parboiled 5% broken stxd 435-445 India parboiled 5% broken stxd 395-405 U.S. parboiled 4% broken 660-670 ↔ Brazil parboiled 5% broken 590-600 ↔ Uruguay parboiled 5% broken NQ ↔ ↔ ↔ ↔ Long grain fragrant rice Thailand Hommali 92% 975-985 Vietnam Jasmine 615-625 ↔ India basmati 2% broken 1515 -1525 Pakistan basmati 2% broken NQ ↔ Cambodia Phka Malis 905-915 ↔ ↔ ↔ Brokens Thailand A1 Super 330-340 ↔ Vietnam 100% broken 365-375 Pakistan 100% broken stxd 320-330 Cambodia A1 Super 380-390 ↔ India 100% Broken stxd 315-325 Egypt medium grain brokens NQ ↔ U.S. pet food 390-400 ↔ Brazil half grain 345-355 ↔ ↓ ↓ ↔ Medium grain milled U.S. Calrose 4% broken 620-630 ↔ Egypt medium grain 6% NQ ↔ All prices USD per ton, FOB vessel, oryza.com For Advertising SPECS & RATES Contact: Advertising Department Mujahid Ali mujahid.riceplus@gmail.com +92 321 369 2874 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