14th february,2014 daily exclusive oryza news by riceplus magazine
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Daily Rice Global Rice e-Newsletter shared by Riceplus Magazine ...

Daily Rice Global Rice e-Newsletter shared by Riceplus Magazine
Riceplus Magazine shares daily International RICE News for global Rice Community. We publish daily two newsletters namely Global Rice News & ORYZA EXCLUSIVE News for readers .You can share any development news with us for Global readers.
Dear all guests/Commentators/Researchers/Experts ,You are humbly requested to share One/Two pages write up with Riceplus Magazine .
For more information visit (www.ricepluss.com + http://publishpk.net/index.php/riceplus).
Share /contribute your rice and agriculture related research write up with Riceplus Magazine to riceplus@irp.edu.pk , mujahid.riceplus@gmail.com
For Advertisement & Specs mujahid.riceplus@gmail.com

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    14th february,2014 daily exclusive oryza news by riceplus magazine 14th february,2014 daily exclusive oryza news by riceplus magazine Document Transcript

    • 14th February , 2014 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 10000+ 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 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
    • TOP Contents - Tailored for YOU Latest News Headlines…  Agriculture Innovations Could Boost Global Rice Production by 43%, Reduce Food Prices by 50% by 2050, IFPRI Says  European Paddy Quotes Stable as Milled Rice Indications Advance  Oryza U.S. Rough Rice Recap – Bids From Larger Mills Continue to Firm but Garner Little Interest; Export Sales Strong, Yet Down From Last Week  Oryza Afternoon Recap – Chicago Rough Rice Futures Remain on the Offensive as Firm Export Sales Report Supports Market  Oryza Rice Currency Analysis for Today – Brazil Real Up 1.4%  Oryza Rice Currency Analysis for Today – Brazil Real Up 1.4%  Oryza Quick Glance at MDA Rice Crop Weather Update  Italy Paddy Sales Half Complete with Eight Months Left Until Next Harvest  Conab Increases Brazil 2013-14 Paddy Rice Production Forecast to 12.5 Million Tons  India Exports 7.9 Million Tons of Rice in April - December 2013; Up 5% Y-o-Y  Australia FY 2013-14 Paddy Rice Production Forecast at 907,000 Tons; Down 22% from Last Year  Oryza Overnight Recap – Chicago Rough Rice Futures Continue to Show Strength on Improve Technicals and Outside Support  Vietnam Rice Sellers Lower Most of Their Quotes; Pakistan Rice Sellers Increase Some Their Quotes  Philippines Rice Stocks Decline to 2.1 Million Tons in January 2014, Down 16% from Last Year  Thailand Government Rice Auctions Draw Good Response; 687,623 Tons of Rice Sold in Two Days  Corruption Killed Thailand Rice Pledging Scheme, Says Survey  Oryza Global Rice Quotes NEWS DETAILS: Agriculture Innovations Could Boost Global Rice Production by 43%, Reduce Food Prices by 50% by 2050, IFPRI 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
    • Feb 13, 2014 A study by the International Food Policy Research Institute (IFPRI) has found that new agricultural practices and technologies could increase global rice production by up to 43% and reduce food prices by nearly half by the year 2050.The IFPRI study is published in the book, "Food Security in a World of Natural Resource Scarcity: The Role of Agricultural Technologies," and examines 11 agricultural practices and technologies and how they could help farmers globally to improve the growth sustainability of the world's main staple crops rice, maize and wheat - in developing countries. The 11 agricultural innovations identified by IFPRI include: crop protection, drip irrigation, drought tolerance, heat tolerance, integrated soil fertility management, no-till farming, nutrient use efficiency, organic agriculture, precision agriculture, sprinkler irrigation, and water harvesting. For instance, the study says that nitrogen-use efficiency could increase rice crop yields by 22% and irrigation could increase crop yields by another 21% by 2050.IFPRI Director and lead author of the book says farmers in the developing world could adopt a combination of technologies according to their crop schedules and regional preferences to improve global rice production by 43%, maize production by 49% and wheat production by 45%. He however, adds that improvement in agricultural education would ensure better use of available technologies according to different regions and availability of resources. Tags: global rice production, International Food Policy Research Institute (IFPRI) European Paddy Quotes Stable as Milled Rice Indications Advance Feb 13, 2014 European paddy in the week January 31 - February 4 were mostly stable, apart from Romania where paddy rice quotations were slightly lower. Milled rice quotes in Europe advanced over the same week, according to data from the European Union. SPAIN - Japonica paddy remained firm at 268.75 euros (about $ 367) per ton, and Indica paddy quotes were stable around 260 euros (about $290) per ton. Milled Japonica rice quotes remained firm at 542.4 euros (about $ 742) per ton. PORTUGAL - Long A paddy quotations were fixed at 276 euros (about $ 377) per ton, down 8 euros (about $ 11) per ton on the week. Long B paddy quotes held around 260 euros (about $ 290) per ton. No quotations were available for milled rice. GREECE – Quotations were stable. Medium paddy was quoted 350 euros (about $ 478) per ton, Long paddy 450 euros (about $ 615) per ton and Indica paddy 240 euros (about $ 328) per ton. There were no quotations for milled rice. ROMANIA - Japonica paddy indications fell from 320.38 euros (about $ 438) per ton on January 31 to 287.07 euros (about $ 392) per ton on February 4, down 33.25 euros (about $ 45) per ton. Indica paddy quotes also declined, from 277.37 euros (about $ 378) per ton on January 31 to 275.79 euros (about $ 376) per ton on 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
    • February 4. As for milled rice, both Indica and Japonica quotes increased over the same period. Indica reached 773.73 euros per ton (about $ 1,057) on February 4, up 124 euros (about $ 169) per ton from 648.76 euros (about $ 886) per ton January 31. Japonica milled rice on February 4 was quoted 549.46 euros (about $ 751) per ton, up more than 39 euros (about $ 53) per ton from 510.85 euros (about $ 697) per ton January 31. Tags: european rice prices Oryza U.S. Rough Rice Recap – Bids From Larger Mills Continue to Firm but Garner Little Interest; Export Sales Strong, Yet Down From Last Week Feb 13, 2014 The U.S. cash market remains quiet despite increasing bids from larger mills as farmers continue to hold out for higher prices.As of today, old crop offers could still be seen as low as $15.55 fob farm (about $343 per ton) although most farmers are looking for $16.11 per cwt fob farm (about $355 per ton) or higher, depending on where they are located.Bids from larger mills increased today to around $15.20 per cwt (about $335 per ton) 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
    • while bids for exporters were unchanged near $15.55 per cwt (about $343 per ton), both for February through March delivery, although smaller mills were still bidding around $16.00-$16.25 per cwt (about $353-$358 per ton) delivered mill.In the meantime, today the USDA reported that cumulative net export sales for the week ending on February 6th, totaled 107,800 tons, which was 27% lower than last week but 64% higher than the prior 4-week average. Increases were reported for the following destinations including: 45,800 tons to Turkey, 30,200 tons to Mexico, 26,000 tons to Japan, 2,200 tons to Jordan, and 1,700 tons to Canada. There were also 1,000 tons sold to Jordan for the 2014/15 marketing year.U.S. rice exporters shipped 65,200 tons, which was 26% higher than the previous week and 4% higher than the prior 4-week average. The primary destinations included: 29,800 tons to Turkey, 19,500 tons to Mexico, 7,300 tons to Haiti, 2,400 tons to Canada, and 1,600 tons to Jordan. Tags: U.S. rice market, U.S. rice prices Oryza Afternoon Recap – Chicago Rough Rice Futures Remain on the Offensive as Firm Export Sales Report Supports Market Feb 13, 2014 Chicago rough rice futures for March delivery settled 8.5 cents per cwt (about $2 per ton) higher at $15.710 per cwt (about $346 per ton). Rough rice futures continue to shoot skyward, rallying to a 15 cent per cwt (about $3 per ton) gain shortly after the open of floor trading this morning. The market came within a few cents of testing key, long-term, resistance at $15.790 per cwt (about $348 per ton) provided by the 200-day moving average. However, the early surge in prices became too much for sellers to pass up and many trade insiders expect another drop in open interest in the morning confirming some profit taking on the part of recent longs. Technically the market appears to have become “top-heavy” as the recent rally has taken place at such speed that it broken above the upper Bollinger band which is commonly noted as a selling signal. It is not clear if today’s action is a signal of a reversal, or more likely a repeat of Tuesday’s action in which the market needs to rest and allow buyer’s to regain their confidence as cash fundamentals continue to support prices. The other grains were finished sharply higher, led to the upside by a rally in soy products; soybeans closed about 1.6% higher at $13.4425 per bushel; wheat finished about 1.5% higher at $5.9550 per bushel; and corn finished the day about 0.1% higher at $4.4050 per bushel.U.S. stocks turned higher on Thursday after economic reports had business inventories rising more than expected in December, while jobless claims rose last week and retail sales unexpectedly fell last month. The Labor Department reported applications for unemployment benefits climbed by 8,000 to 339,000, higher than the 300,000 projected by economists. Separately, the Commerce Department reported retail sales fell 0.4% last month from December, versus expectations they would be flat. After falling more than 80 points, the Dow Jones Industrial Average was lately up 21.42 points, or 0.1%, at 15,9485.36. The S&P 500 gained 3.38 points, or 0.1%, to 1,822.64. The Nasdaq also turned higher, lately climbing 17.68 points, or 0.2%, at 4,218.95. Gold is trading about 0.5% higher, crude oil is seen trading about 0.1% higher, and the U.S. dollar is seen trading about 0.5% lower at about 1:00pm 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
    • Chicago time.Wednesday, there were 886 contracts traded, down from 1,171 contracts traded on Tuesday. Open interest – the number of contracts outstanding – on Wednesday decreased by 118 contracts to 8,213. Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market Oryza Rice Currency Analysis for Today – Brazil Real Up 1.4% Feb 13, 2014 U.S. dollar index was down -0.45% from the open today, when it traded at 80.318 at the close. Euro was stronger +0.66% by the close, trading around 1.3683 by end of day, after trading between an intraday high of 1.3692 and low of 1.3585. Euro recovered today after yesterday’s decline. Thai baht was weaker -0.12%, trading at 32.570 at the close of business. Indian rupee was weaker -0.54% at 62.4425. Brazilian real was +1.36% stronger than the open at today’s close, when it ended at 2.3935 reais per dollar. Pakistan rupee was +0.28% stronger at 104.9275. Vietnamese dong was -0.01% weaker at 21108. Mexican peso was +0.48% stronger today, when it traded at 13.2607 pesos per dollar by the close of business today. Chinese yuan was weaker -0.02%, trading at 6.0639. Argentine peso was +0.13% stronger, trading at 7.7911 pesos per dollar. Tags: foreign exchange rates Oryza Rice Currency Analysis for Today – Brazil Real Up 1.4% Feb 13, 2014 U.S. dollar index was down -0.45% from the open today, when it traded at 80.318 at the close. Euro was stronger +0.66% by the close, trading around 1.3683 by end of day, after trading between an intraday high of 1.3692 and low of 1.3585. Euro recovered today after yesterday’s decline. Thai baht was weaker -0.12%, trading at 32.570 at the close of business. 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
    • Indian rupee was weaker -0.54% at 62.4425. Brazilian real was +1.36% stronger than the open at today’s close, when it ended at 2.3935 reais per dollar. Pakistan rupee was +0.28% stronger at 104.9275. Vietnamese dong was -0.01% weaker at 21108. Mexican peso was +0.48% stronger today, when it traded at 13.2607 pesos per dollar by the close of business today. Chinese yuan was weaker -0.02%, trading at 6.0639. Argentine peso was +0.13% stronger, trading at 7.7911 pesos per dollar. Tags: foreign exchange rates Oryza Quick Glance at MDA Rice Crop Weather Update Feb 13, 2014 Oryza shares some of MDA’s latest rice crop weather updates: Rainfall is expected in the Yangtze valley and Central and South China this week. Rice planting will begin in China next month. Snowfall with rain is expected in southwestern Japan this week. Rice planting will begin in May. Some rain showers are expected across the northern and eastern India this week, which will improve soil moisture for Rabi crop. Some rainfall is expected this week in Bangladesh. Rain showers are expected to increase across central Sumatra, Sulawesi and western Java in Indonesia this week. Some rainfall is expected in northern Vietnam this week, which will improve moisture condition for rice growth. Weather is expected to remain dry in Thailand this week. 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
    • Rainfall will favor second crop harvest in the Philippines this week. Rain is expected to increase across the Northeast and Centre-South belt in Brazil this week Widespread rains are likely in Argentina and Uruguay this week. Rainfall is likely in U.S. this week. Rice plantings will begins in April For more complete weather information, contact: www.mdaus.com . Tags: weather, MDA Italy Paddy Sales Half Complete with Eight Months Left Until Next Harvest Feb 13, 2014 This week Italy’s rice market reached a turning point of sorts, almost half of the nation’s rice paddy has been sold. Paddy production in 2013-2014 was 1,447,783 tons (down 9% from 1,595,688 tons in 2012-2013); remaining paddy stocks amount to 731,876 tons while 715,907 tons of paddy (about 49%) has already been sold. That means that half of the paddy has been sold about 4 months out from the last harvest with 8 months until the next paddy harvest. Long A varieties, for the domestic market, still enjoy the highest demand: they represent almost half of the sales of the week from February 4-11, totally 12,361 tons. Long B paddy sales in the same week totaled about 7,184 tons and round grain varieties 5,893 tons. Medium varieties sales for the week were around 382 tons, most of which (367 tons) of Vialone Nano, for which quotes were firm. The balance as of February 11, 2014 shows that 43% of round grain, 54% of medium grain, 60% of Long A and 43% of Long B varieties have been sold. Last year at the same time, 780,592 tons were already sold, equivalent to 47% of production, and remaining supplies amounted to 865,511. Sales for round varieties reached 49%, medium 48%, long A 44% and Long B 52%. Tags: italy rice production 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
    • Conab Increases Brazil 2013-14 Paddy Rice Production Forecast to 12.5 Million Tons Feb 13, 2014 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
    • Brazil’s National Grains Supply Company (Conab) has increased its paddy rice production forecast for 2013-14 to around 12.51 million tons, up around 1% from its previous estimate of around 12.35 million tons, and up about 6% from an estimated 11.82 million tons produced in 2012-13.Conab says in its January 2014 estimates that rice acreage is likely to continue to decline in 2013-14, but overall rice production will increase mainly due to record high yields. Rice acreage is expected to decline to around 2.37 million hectares in 2013-14, down about 2% from previous estimates of around 2.43 million hectares, and down about 1% from around 2.4 million hectares in 2012-13. Rice acreage in the key rice growing Centro-Sul region is projected at 1.53 million hectares in 2013-14, down about 2% from previous estimates of around 1.56 million hectares, while rice acreage in the North and Northeast regions is expected to decline to about 840,000 hectares, down about 3% from previous estimates of around 870,000 hectares. However, average rice yield in Brazil in 2013-14 is projected at 5.27 tons per hectare, up about 4% from previous estimates of around 5.08 tons per hectare, and up about 7% from around 4.92 tons per hectare recorded in the previous year, according to Conab. Tags: Brazil rice production, Conab India Exports 7.9 Million Tons of Rice in April - December 2013; Up 5% Y-o-Y Feb 13, 2014 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
    • India’s total rice (basmati and non-basmati) exports in April - December of the fiscal year 2013-14 (April 2013 - March 2014) stand at around 7.9 million tons, up about 5% from around 7.5 million tons in the corresponding period in FY 2012-13, according to provisional data by the Agricultural and Processed Food Products Export Development Authority (APEDA).In terms of value, total rice exports in April - December FY 2013-14 earned about Rs. 335,437 crore (around $5.6 billion), up about 41% from around Rs. 238,225 crore (around $4,363 million) during the corresponding period in FY 2012-13. In terms of USD, exports grew by 28% in April December FY 2013-14.India's basmati rice exports in April - December FY 2013-14 have increased to about 2.74 million tons in April - December FY 2013-14, up about 13% from around 2.41 million tons during the same period in FY 2012-13. In terms of value, basmati rice exports earned about Rs.206,496 crore (around $3.46 billion) in April December FY 2013-14, up about 60% from around Rs.129,355 crore (around $2.37 billion). In terms of the USD, basmati rice exports grew by 46% in April - December FY 2013-14 compared to the previous year.India’s non-basmati rice exports stand at about 5.17 million tons in April - December FY 2013-14, up about 1% from around 5.09 million tons during the same period in FY 2012-13. In terms of value, non-basmati rice exports earned about Rs.128,940 crore (around $2.13 billion) in April December FY 2013-14, up about 18% from around Rs.108,871 crore (around $2 billion) in the same period in FY 2012-13. In terms of the USD, non-basmati rice exports have increased around 7% in April - December FY 2013-14 compared to the previous year.The President of the All India Rice Exporters Association (AIREA) says that India's total rice exports are likely to reach a record high this year to around 11 million tons, up about 8% from around 10.2 million tons exported in FY 2012-13. Basmati rice exports are expected to reach 4 million tons in FY 2013-14, up about 14% from 3.44 million tons in FY 2012-13, while non-basmati rice exports are likely to reach 7 million tons, up about 4% from 6.72 million tons exported in FY 2012-13, according to the AIREA President.The AIREA President says India’s basmati exports have increased sharply this year due to high demand in Iran, which is building its reserves. According to official sources, India exported about 1.18 million tons of basmati rice to Iran in April - December FY 2013-14. India’s basmati exports to Iran accounts for about 43% of India’s total basmati exports so far this year. Tags: India rice exports, India basmati rice exports, India non-basmati rice exports Australia FY 2013-14 Paddy Rice Production Forecast at 907,000 Tons; Down 22% from Last Year Feb 13, 2014 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
    • 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
    • Australia's paddy rice production is expected to decline by 22% to 907,000 tons in FY 2013-14 (April - March) due to unfavorable weather conditions during the summer crop season, according to the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES). The ABARES projects that planting area under rice in FY 2013-14 at around 101,000 hectares, down about 11% from around 114,000 hectares in FY 2012-13. ABARES also says that the average yield per hectare is likely to decline to around 8.98 tons per hectare, down about 12% from around 10.24 tons per hectare in FY 2012-13.According to the USDA, Australia’s paddy rice production is expected to reach around 944,000 tons (about 680,000 tons, basis milled) in MY 2013-14 (January – December 2014), down about 19% from around 1.16 million tons (about 840,000 tons, basis milled) in MY 2013-14. It estimates Australia’s domestic rice consumption at 350,000 tons of milled rice in MY 2013-14, down about 12.5% from around 400,000 tons in the previous year. The USDA expects the country to export around 520,000 tons of rice in MY 2013-14, up 4% from the previous year. Tags: Australia rice production, Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Oryza Overnight Recap – Chicago Rough Rice Futures Continue to Show Strength on Improve Technicals and Outside Support Feb 13, 2014 Chicago rough rice futures for March delivery are currently paused 1.5 cent per cwt (about $0.33 per ton) higher at $15.640 per cwt (about $345 per ton) as of 8:00am Chicago time. The other grains are seen slightly higher this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.4% higher, wheat was paused about 0.6% higher, and corn is noted about 0.2% higher.U.S. stock index futures signaled a sharply lower open on Thursday, as investors reacted to disappointing economic reports on the labor front and retail sales for January. The government reported retail sales fell 0.1 percent in January from December. Excluding autos, retail sales were flat. A separate report showed 339,000 Americans filed for jobless benefits last week, versus expectations for 330,000. Business inventories for December and natural gas inventories will be published at 10 a.m. and 10:30 a.m. respectively. The Treasury is due to sell 30-year bonds. U.S. stock index futures are currently trading about 0.6% lower, gold is currently trading marginally lower, crude oil is seen trading about 0.6% lower, and the U.S. dollar is currently trading about 0.5% lower at 8:00am Chicago time. Tags: chicago rough rice futures Vietnam Rice Sellers Lower Most of Their Quotes; Pakistan Rice Sellers Increase Some Their Quotes Feb 13, 2014 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
    • Vietnam rice sellers lowered most of their quotes by $5 - $10 per ton today. Pakistan rice sellers increased their quotes for 5% broken rice and 25% broken rice by about $5 per ton each. Thailand and India rice sellers kept their quotes mostly unchanged today. 5% Broken Rice Thai 5% rice (of new crop) is quoted around $435 - $445 per ton, about a $45 per ton premium over Viet 5% rice shown around $390 - $400 per ton, down about $5 per ton from yesterday. Indian 5% rice is quoted around $415 - $425 per ton, about a $20 per ton premium over Pak 5% rice quoted around $395 - $405 per ton, up about $5 per ton from yesterday. 25% Broken Rice Thai 25% rice (of new crop) is quoted about $390 - $400 per ton, about a $25 per ton premium over Viet 25% rice shown around $365 - $375 per ton, down about $5 per ton from yesterday. Indian 25% rice is quoted about $360 - $370 per ton, about a $10 per ton premium over Pak 25% rice quoted around $350 - $360 per ton, up about $5 per ton from yesterday. Parboiled Rice Thai parboiled rice of the old crop is quoted around $450 - $460 per ton. Indian parboiled rice is quoted around $400 - $410 per ton, about $5 per ton discount to Pak parboiled rice quoted around $405 - $415 per ton. 100% Broken Rice Thai broken rice, A1 Super, of the old crop is quoted around $310 - $320 per ton, about a $40 per ton discount to Viet broken rice shown around $350 - $360 per ton, down about $5 per ton from yesterday. Indian broken sortexed rice is quoted about $300 - $310 per ton, about a $20 per ton discount to Pak broken sortexed rice quoted around $320 - $330 per ton. Tags: Asia rice quotes, Thailand rice quotes, Pakistan rice quotes, India rice quotes, Vietnam rice quotes Philippines Rice Stocks Decline to 2.1 Million Tons in January 2014, Down 16% from Last Year Feb 13, 2014 Total rice stocks in the Philippines have declined to about 2.12 million tons on January 1, 2014, down about 16% from about 2.52 million tons recorded during the same time in last year, and down about 15% from around 24.9 million tons in the previous month, according to the Bureau of Agricultural Statistics (BAS).According to BAS, household stocks (which account for around 60% of total rice stocks) stood at about 1.27 million tons on January 1, 2014, down about 3% from about 1.31 million tons seen during the same time last year. Rice stocks with the National Food Authority (NFA) (which account for around 13% of total rice stocks), in which about 43.8% are imported rice, stood at about 270,000 tons, down about 54% from last year, and the lowest level in the last eight years for this time of the year, while rice stocks in commercial warehouses (which account for around 27% of total rice stocks) stood at around 580,000 tons on January 1, 2014, down about 6% from last year.Month-on-month, overall rice stocks in the Philippines have declined about 15% from December 2013. Household rice stocks are down about 12%, commercial warehouse stocks are down about 23% from the previous month levels and NFA rice stocks are down about 8% from last month, according to the BAS.Total 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
    • rice stocks in the Philippines as of January 1, 2014 are enough to last for 62 days (including household stocks for 37 days, commercial warehouses stocks for 17 days, and NFA stocks for 8 days), BAS says. Tags: Philippines rice stocks Thailand Government Rice Auctions Draw Good Response; 687,623 Tons of Rice Sold in Two Days Feb 13, 2014 The Thailand government, which is struggling to raise funds for its rice pledging scheme, has sold 687,623 tons of rice on Wednesday and Thursday.According to local sources, the government sold 220,000 tons of rice through the Agriculture and Agricultural Futures Exchange of Thailand (AFET) and another 467,623 tons of rice directly to traders in a tender. Seventeen bidders participated in the AFET's auction on Thursday, which included 167,000 tons of 5% white rice and 60,000 tons of Hommali grains. In the tender held on Wednesday, eighteen potential buyers submitted their bids to buy 467,623 tons from the government directly.The government put for sale on Wednesday rice stocks from the 2011-12 main crop, 2012 second crop and the first round of 2012-13 harvest season, meant for both export and domestic sales. The auctioned rice included about 100,361 tons of 5% white rice (only for export), and Thai Hommali rice 100% Grade B, provincial fragrant rice, Pathum Thani fragrant rice, 10% white glutinous rice and broken rice for both domestic sales and exports.The Foreign Trade Department is likely to deliver the rice to the winners within a month and a half. According to local sources, the government earned about 14 billion baht (around $429 million) from rice sales since the start of this year and has earned over 170 billion baht (around $5.2 billion) since the rice-pledging program was implemented in October 2011. The government is expected to issue a new tender for another 500,000 tons of rice next week, according to local sources.Meanwhile, the Director of Public Warehouses Organization (PWO) clarified that the fire that erupted in a government-operated rice warehouse in Lobpuri province was due to an accident and not caused by arson, according to local sources. Tags: Thailand rice auctions 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
    • Corruption Killed Thailand Rice Pledging Scheme, Says Survey Feb 13, 2014 A nationwide survey by Thailand’s National Institute of Development Administration (NIDA) on "Farmers’ Perspectives on Rice Resolutions" among 1,250 sample respondents has found that the rice pledging scheme initiated by the Yingluck administration failed mainly due to corruption.In the survey, about one-third of the respondents said corruption was the main reason for the government's failure to pay for their rice. About 18% of respondents blamed money shortages due to losses in rice trading, around 18% blamed liquidity problems, about 15% said restrictions from financial institutions led to the failure of the scheme, while about 13% pointed out government's administrative failure and its irresponsibility as reasons.More than one-third of the respondents said the caretaker prime minister should be held responsible for the government's failure on overdue payments; about one-third said the cabinet should be responsible; about 17% said the Commerce Minister should be responsible; about 10% held anti-government People’s Democratic Reform Committee responsible; about 4% said the Bank of Agriculture and Agricultural Cooperatives (BAAC), Election Commission and the Agriculture Ministry should take responsibility, while 0.14% held the new government responsible. About 37% of the farmers in the survey urged the government to immediately sell rice from the state stockpiles to pay them, about 29% said government should borrow to pay them, 23% asked the government to resign, 4% demanded their rice back and another 4% demanded cooperation among all related agencies to assist farmers.Around 43% of the respondents want the rice pledging scheme to be suspended; 34% want the program to continue with paddy price adjusted in line with the global price; about 18% want the scheme to continue without any change, while 1% say that the scheme could be replaced with a rice guarantee program.The rice mortgage program was introduced in October 2011 to help improve farmer income in Thailand. It will expire this month mainly due to political instability and lack of funds. Tags: Thailand rice mortgage program Oryza Global Rice Quotes February 13th, 2014 Long grain white rice - high quality Thailand 100% B grade 450-460 Vietnam 5% broken 390-400 ↓ India 5% broken 415-425 ↔ Pakistan 5% broken 395-405 ↑ Cambodia 5% broken 450-460 ↔ U.S. 4% broken 575-585 ↔ Uruguay 5% broken 625-635 ↔ Argentina 5% broken 625-635 ↔ ↔ 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
    • Long grain white rice - low quality Thailand 25% broken 390-400 ↔ Vietnam 25% broken 365-375 ↓ Pakistan 25% broken 350-360 ↑ Cambodia 25% broken 420-430 India 25% broken 360-370 ↔ U.S. 15% broken 550-560 ↔ ↔ Long grain parboiled rice Thailand parboiled 100% stxd 450-460 Pakistan parboiled 5% broken stxd 405-415 India parboiled 5% broken stxd 400-410 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% 945-955 Vietnam Jasmine 525-535 ↓ India basmati 2% broken 1515 -1525 Pakistan basmati 2% broken NQ ↔ Cambodia Phka Malis 895-905 ↔ Brokens Thailand A1 Super 310-320 ↔ ↔ ↔ ↔ ↔ ↔ Vietnam 100% broken 350-360 ↓ Pakistan 100% broken stxd 320-320 Cambodia A1 Super 365-375 ↔ India 100% Broken stxd 300-310 ↔ Egypt medium grain brokens NQ ↔ U.S. pet food 470-480 ↔ 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 Contact For Advertisement mujahid.riceplus@gmail.com + 92 321 3692 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