18th december,2013 daily oryza rice e newsletter 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
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  • 1. 18TH December , 2013 Share developments in RICE and allied sectors, Promote the Concept of Knowledge Economy Dear Sir/Madam, 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. 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 TOP Contents - Tailored for YOU Latest News Headlines…         Thailand, Vietnam Rice Sellers Lower Their Quotes Today; Other Asia Rice Quotes Unchanged European Rice Producing Nations Bemoan Imports Thailand Should Burn Rotten Rice and Scrap Mortgage Scheme, Advises Thailand Development Research Institute Philippine Rice Farmers Receive First Emergency Seeds Following Typhoon, Says FAO Oryza Afternoon Recap – Chicago Rough Rice Futures Settle Lower as Prices Dip Below Nearby Technical Support Oryza U.S. Rough Rice Recap – Lack of Fresh Demand Keeps Buyers Sidelined, Despite Weaker Offers Oryza Quick Glance at World News Oryza Global Rice Quotes 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. NEWS DETAILS: Thailand, Vietnam Rice Sellers Lower Their Quotes Today; Other Asia Rice Quotes Unchanged Dec 17, 2013 Thailand rice sellers lowered their quotes for A1 super rice by about $5 per ton to about $305 - $315 per ton today. Vietnam rice sellers lowered most of their quotes by about $5 per ton. Other Asia rice sellers kept their quotes unchanged. 5% Broken Rice Thai 5% rice is quoted around $385 - $395 per ton, about a $30 per ton discount to Viet 5% rice shown around $415 - $425 per ton, down about $5 per ton from yesterday. Indian 5% rice is quoted around $405 - $415 per ton, about a $25 per ton premium over Pak 5% rice quoted around $380 - $390 per ton. 25% Broken Rice Thai 25% rice is quoted about $360 - $370 per ton, about a $30 per ton discount to Viet 25% rice shown around $390 - $400 per ton, down about $5 per ton from yesterday. Indian 25% rice is quoted about $370 - $380 per ton, about a $30 per ton premium over Pak 25% rice quoted around $340 - $350 per ton. Parboiled Rice Thai parboiled rice is quoted around $450 - $460 per ton. Indian parboiled rice is quoted around $395 - $405 per ton, about a $30 per ton discount to Pak parboiled rice quoted around $425 - $435 per ton. 100% Broken Rice Thai broken rice, A1 Super, is quoted around $305 - $315 per ton, down about $5 per ton from yesterday and about a $65 per ton discount to Viet broken rice shown around $370 - $380 per ton, down about $5 per ton from yesterday. Indian broken sortexed rice is quoted about $305 - $315 per ton, about a $20 per ton discount to Pak broken sortexed rice quoted around $325 - $335 per ton. Tags: Asia rice quotes, Thailand rice quotes, Vietnam rice quotes, India rice quotes, Pakistan rice quotes 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. European Rice Producing Nations Bemoan Imports Dec 17, 2013 Speaking at a meeting on Agriculture and Fisheries held by the Council of the European Union, December 16-17 in Brussels, the Italian delegation - supported by Bulgaria, Greece, Spain, France, and Portugal noted the EU rice sector is facing increased competition from rice imports, from Least Developed Countries (LDCs) and other countries with which the EU has trade agreements. Both Cambodia and Myanmar as LDCs and thus enjoy duty free exports to the EU. The Italian delegation said that EU rice area has been in decline; USDA data (above) seems to suggest a decline in very recent years but imports appear little changed. Tags: EU rice imports Thailand Should Burn Rotten Rice and Scrap Mortgage Scheme, Advises Thailand Development Research Institute Dec 17, 2013 The Thailand Development Research Institute (TDRI) has proposed that the new Thai government make law requiring millers to burn rotten rice, “in order to prevent corruption in the [rice mortgage] scheme,” according to the Thai National News Bureau. The TDRI also advised the new government should scrap the rice mortgage scheme, but do it gradually to avoid a plunge in rice prices. 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. Tags: Thailand rice mortgage scheme Philippine Rice Farmers Receive First Emergency Seeds Following Typhoon, Says FAO Dec 17, 2013 Philippine rice farmers received their first emergency seeds following the typhoon that hit November 8, as the nation’s second rice crop was being planted. The rice seed, along with corn seed, was delivered by FAO and the Philippines Department of Agriculture. If all goes well, the crop will be ready for harvest MarchApril.Farmers in the heaviest hit areas receive about 40 kilograms of seeds each along with 50 kilograms of fertilizer and some small irrigation pumps. The seeds provided are expected to make up for a significant amount of the acreage damaged by the typhoon. Tags: Philippines Rice Production, Typhoon Haiyan, FAO, Department of Agriculture Philippines Oryza Afternoon Recap – Chicago Rough Rice Futures Settle Lower as Prices Dip Below Nearby Technical Support Dec 17, 2013 Chicago rough rice futures for January delivery settled 6.5 cents per cwt (about $1 per ton) lower at $15.485 per cwt (about $341 per ton). Rough rice futures were lower today as firm spread activity in the morning gave away to an uptick in outright selling interest which ultimately moved prices back below the 50-day moving average. Toda’s selling pressure was likely technically motivated as there is little in the way of physical transactions taking place to support the market, as is usual at this time of the year. The other grains were mostly higher today; soybeans finished the day about 0.7% higher at $13.4650 per bushel; wheat finished about 0.3% lower at $6.2075 per bushel; and corn finished the day about 0.8% higher at $4.2775 per bushel.U.S. stocks erased the bulk of Tuesday's losses to turn to near unchanged as Wall Street braces to hear whether the Federal Reserve will begin reducing its monthly asset purchases in 2013. After initial wavering, the Dow Jones Industrial Average slid. The S&P 500 fell, with health care and telecommunications the leading laggards and industrials and technology faring best among its 10 major sectors. The Nasdaq also lost ground. The S&P 500 rose on Monday, rebounding after a four-session decline, as investors fixated on whether ongoing signs that the economy is improving would convince the Fed to reduce its $85 billion in monthly bond purchases as early as Wednesday. Tuesday's economic reports had the Labor Department reporting core prices, excluding food and energy, rose 0.2% in November, with the inflation data coming as the Federal Open Market Committee starts a two-day session. U.S. stock markets are currently trading about 0.1% lower, gold is trading about 1.3% lower, crude oil is seen trading about 0.2% lower, and the U.S. dollar is seen trading about 0.1% lower at about 2:00pm Chicago time.Turning to the daily continuation chart of Chicago rough rice futures for January delivery, prices slipped further today as early morning support provided by January/March spread activity gave way to an uptick in outright selling interest in the second half of the session. Today’s move saw prices dip back below the 50-day moving average which was noted at $15.545 per cwt (about $343 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
  • 6. Technically the market remains in bearish territory and the negative slope of the faster 10-day and 20-day moving averages confirms the short term trend of lower prices. However, nearby support is noted at $15.435 per cwt (about $340 per ton) provided by the recent low put in place last Thursday and which has acted as the lower boundary of a multi-week sideways trading range. Today’s price range is noted as $15.480-$15.675 per cwt (about $341-$346 per ton).Monday, there were 2,477 contracts traded, up from 1,339 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday increased by 32 contracts to 7,559. Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market Oryza U.S. Rough Rice Recap – Lack of Fresh Demand Keeps Buyers Sidelined, Despite Weaker Offers Dec 17, 2013 The U.S. cash market was silent today as a lack of fresh demand kept buyers sidelined despite a slight decrease in offers for prompt shipment.As of today, offers decreased slightly to around $15.55-$16.66 per fob farm (about $343-$367 per ton), depending on where they are located in the U.S. mid-South and how quickly they could ship.Bids from larger mills could still be found near $15.00 per cwt (about $331 per ton) while bids from exporters were unchanged near $15.25 per cwt (about $336 per ton), both for December through January delivery, and despite reports of smaller mills bidding as much as $16.00 per cwt (about $353 per ton) for prompt delivery no trades were reported. Tags: U.S. rice prices, U.S. rice market Oryza Quick Glance at World News Dec 17, 2013 Financial Times – *The chief accountant for China National Petroleum Corp has been “summoned to assist in an investigation” into high-level corruption, according to Chinese news reports, in an apparent widening of a probe into Asia’s largest energy company. *Lawyers for BP attempted to mislead the appeals court hearing the company’s legal battle over compensation for the 2010 Deepwater Horizon disaster, lawyers representing claimants has alleged. *U.S. crude oil production will come close to its record highs in just three years time as the shale boom sends output soaring, according to the government’s EIA. The EIA said on Monday that it had revised sharply higher its estimates of future U.S. crude output to about 9.5 million barrels a day in 2016. *Mario Draghi heaped pressure on Europe’s finance ministers over banking union on Monday, saying the project risks becoming “very messy” unless the system is better funded and less bureaucratic. *Russia signaled on Monday that it was ready to offer loans to help bail out Ukraine’s struggling economy, as the two countries’ presidents prepared for talks. *GlaxoSmithKline is to scrap individual sales targets for its commercial staff as it seeks to repair its image and reform working practices in the wake of allegations in China that its staff paid officials up to $500 million in bribes. 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. *The National Security Agency’s surveillance methods have suffered a significant legal setback after a federal judge ruled on Monday that a programme that collects bulk phone records was likely to be unconstitutional. In an often-scathing ruling about the activities of the NSA, the court said the programme to collect the phone records of most Americans was based on “almost-Orwellian technology” and presented a clear breach of the Fourth Amendment protection against “unlawful search and seizure.” *JPMorgan Chase has put up for sale its Global Special Opportunities Group, an Asia-based principal investment business, for a valuation likely to be more than $1 billion. Wall Street Journal*U.S. Secretary of State John Kerry pledged Monday to boost trade and security ties with Vietnam while urging the Southeast Asian country to make more progress on human rights issues. *Australia's conservative government forecast a 47 billion Australian dollar (US$42.3 billion) budget shortfall this fiscal year, in its first economic update since winning elections three months ago. The budget shortfall, equal to 3% of national output, widened by more than 50% on Treasury's pre-election projection of A$30.1bn. *Singapore's key non-oil exports posted a surprise fall in November dragged down by weak demand from Europe and providing further evidence that the global recovery is not yet filtering through to Asia. Exports of goods made in Singapore fell 8.8% on-year in November after rising 2.8% in October, the trade promotion agency International Enterprise Singapore said Tuesday. *China scooped up more U.S. Treasury debt in October than any other foreign investor, a sign that the government shutdown and threat of default that month did not diminish the market's status as a global haven. China boosted its holdings by $10.7 billion in October to $1.3045 trillion, according to the latest monthly data released by the Treasury Department on Monday. *U.S. officials said they have communicated concerns to Russia that its deployment of nuclear-capable missiles in its Baltic Sea exclave of Kaliningrad would have a destabilizing effect on the region bordering Europe. *The Commodity Futures Trading Commission is moving to force overseas financial firms to comply with certain U.S. rules, according to an official familiar with the process, a move likely to stoke criticism the U.S. is bidding to become the de facto global financial regulator. *The EU gave a push to Israeli-Palestinian peace talks on Monday, pledging unprecedented aid to the two sides if they reach agreement on their final status. *German Chancellor Angela Merkel promised "solid financing, secure prosperity, and social security" as she signed on Monday the 185-page program her coalition government will seek to implement over the next four years. New York Times*U.S. President Obama will meet executives from leading technology companies like Google and Apple on Tuesday to discuss ways to improve the federal health care exchange website, the White House said. *Soldiers loyal to the former vice president of South Sudan tried to overthrow the government, President Salva Kiir said Monday, continuing the political tension that has hung over the fledgling country for months. *U.S. Secretary of State John Kerry is in the Philippines on Tuesday, seeking to modernize economic and political ties with one of America's oldest allies in South East Asia. Kerry's two-day visit takes him to the capital, Manila, for talks with government officials and the business community. *China's investment in Britain's 16 billion pound Hinkley Point project is its first foray into Europe's nuclear power market and a marker of its global ambitions, but its firms will depend on foreign partners if they are to fulfill them. 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. *Mexico President Enrique Pena Nieto said on Monday he would soon enact a sweeping overhaul of Mexico's ailing energy sector, which is aimed at boosting growth in Latin America's No. 2 economy. *USEC, the sole American company in the uranium enrichment business, said Monday that it would file for bankruptcy early next year, although it hopes to keep operating. Financial Times – *The chief accountant for China National Petroleum Corp has been “summoned to assist in an investigation” into high-level corruption, according to Chinese news reports, in an apparent widening of a probe into Asia’s largest energy company. *Lawyers for BP attempted to mislead the appeals court hearing the company’s legal battle over compensation for the 2010 Deepwater Horizon disaster, lawyers representing claimants has alleged. *U.S. crude oil production will come close to its record highs in just three years time as the shale boom sends output soaring, according to the government’s EIA. The EIA said on Monday that it had revised sharply higher its estimates of future U.S. crude output to about 9.5 million barrels a day in 2016. *Mario Draghi heaped pressure on Europe’s finance ministers over banking union on Monday, saying the project risks becoming “very messy” unless the system is better funded and less bureaucratic. *Russia signaled on Monday that it was ready to offer loans to help bail out Ukraine’s struggling economy, as the two countries’ presidents prepared for talks. *GlaxoSmithKline is to scrap individual sales targets for its commercial staff as it seeks to repair its image and reform working practices in the wake of allegations in China that its staff paid officials up to $500 million in bribes. *The National Security Agency’s surveillance methods have suffered a significant legal setback after a federal judge ruled on Monday that a programme that collects bulk phone records was likely to be unconstitutional. In an often-scathing ruling about the activities of the NSA, the court said the programme to collect the phone records of most Americans was based on “almost-Orwellian technology” and presented a clear breach of the Fourth Amendment protection against “unlawful search and seizure.” *JPMorgan Chase has put up for sale its Global Special Opportunities Group, an Asia-based principal investment business, for a valuation likely to be more than $1 billion. Wall Street Journal*U.S. Secretary of State John Kerry pledged Monday to boost trade and security ties with Vietnam while urging the Southeast Asian country to make more progress on human rights issues. *Australia's conservative government forecast a 47 billion Australian dollar (US$42.3 billion) budget shortfall this fiscal year, in its first economic update since winning elections three months ago. The budget shortfall, equal to 3% of national output, widened by more than 50% on Treasury's pre-election projection of A$30.1bn. *Singapore's key non-oil exports posted a surprise fall in November dragged down by weak demand from Europe and providing further evidence that the global recovery is not yet filtering through to Asia. Exports of goods made in Singapore fell 8.8% on-year in November after rising 2.8% in October, the trade promotion agency International Enterprise Singapore said Tuesday. *China scooped up more U.S. Treasury debt in October than any other foreign investor, a sign that the government shutdown and threat of default that month did not diminish the market's status as a global haven. China boosted its holdings by $10.7 billion in October to $1.3045 trillion, according to the latest monthly data released by the Treasury Department on Monday. 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. *U.S. officials said they have communicated concerns to Russia that its deployment of nuclear-capable missiles in its Baltic Sea exclave of Kaliningrad would have a destabilizing effect on the region bordering Europe. *The Commodity Futures Trading Commission is moving to force overseas financial firms to comply with certain U.S. rules, according to an official familiar with the process, a move likely to stoke criticism the U.S. is bidding to become the de facto global financial regulator. *The EU gave a push to Israeli-Palestinian peace talks on Monday, pledging unprecedented aid to the two sides if they reach agreement on their final status. *German Chancellor Angela Merkel promised "solid financing, secure prosperity, and social security" as she signed on Monday the 185-page program her coalition government will seek to implement over the next four years. New York Times*U.S. President Obama will meet executives from leading technology companies like Google and Apple on Tuesday to discuss ways to improve the federal health care exchange website, the White House said. *Soldiers loyal to the former vice president of South Sudan tried to overthrow the government, President Salva Kiir said Monday, continuing the political tension that has hung over the fledgling country for months. *U.S. Secretary of State John Kerry is in the Philippines on Tuesday, seeking to modernize economic and political ties with one of America's oldest allies in South East Asia. Kerry's two-day visit takes him to the capital, Manila, for talks with government officials and the business community. *China's investment in Britain's 16 billion pound Hinkley Point project is its first foray into Europe's nuclear power market and a marker of its global ambitions, but its firms will depend on foreign partners if they are to fulfill them. *Mexico President Enrique Pena Nieto said on Monday he would soon enact a sweeping overhaul of Mexico's ailing energy sector, which is aimed at boosting growth in Latin America's No. 2 economy. *USEC, the sole American company in the uranium enrichment business, said Monday that it would file for bankruptcy early next year, although it hopes to keep operating. Tags: World news Oryza Global Rice Quotes December 17th, 2013 Long grain white rice - high quality Thailand 100% B grade 395-405 Vietnam 5% broken 415-425 ↓ India 5% broken 405-415 ↔ Pakistan 5% broken 380-390 ↔ Cambodia 5% broken 455-465 ↔ U.S. 4% broken 585-595 ↔ Uruguay 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
  • 10. Argentina 5% broken 625-635 ↔ Long grain white rice - low quality Thailand 25% broken 360-370 ↔ Vietnam 25% broken 390-400 ↓ Pakistan 25% broken 340-350 ↔ Cambodia 25% broken 430-440 India 25% broken 370-380 ↔ U.S. 15% broken 565-575 ↔ ↔ Long grain parboiled rice Thailand parboiled 100% stxd 450-460 Pakistan parboiled 5% broken stxd 425-435 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% 965-975 ↔ Vietnam Jasmine 610-620 ↓ India basmati 2% broken 1515 -1525 ↔ Pakistan basmati 2% broken NQ ↔ Cambodia Phka Malis 905-915 ↔ Brokens Thailand A1 Super 305-315 ↓ Vietnam 100% broken 370-380 Pakistan 100% broken stxd 325-335 Cambodia A1 Super 380-390 ↔ India 100% Broken stxd 305-315 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 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