Daily Exclusive ORYZA Rice E-Newsletter 2015

Daily Exclusive ORYZA Rice E-Newsletter 2015
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Contact: Mujahid Ali mujahid.riceplus@gmail.com
Daily Exclusive ORYZA Rice E-Newsletter
www.ricepluss.com
www.riceplusmagazine.blogspot.com
May 20 ,2015
Vol 5,Issue V

Global Rice Quotes
May 19th, 2015
Long grain white rice - high quality
Thailand 100% B grade 380-390 ↔
Vietnam 5% broken 350-360 ↔
India 5% broken 370-380 ↔
Pakistan 5% broken 395-405 ↔
Myanmar 5% broken 415-425 ↔
Cambodia 5% broken 430-440 ↔
U.S. 4% broken 470-480 ↔
Uruguay 5% broken 565-575 ↔
Argentina 5% broken 555-565 ↔
Long grain white rice - low quality
Thailand 25% broken 350-360 ↔
Pakistan 25% broken 355-365 ↔
Cambodia 25% broken 410-420 ↔
India 25% broken 345-355 ↔
U.S. 15% broken 460-470 ↔
Long grain parboiled rice
Thailand parboiled 100% stxd 370-380 ↔
Pakistan parboiled 5% broken stxd 405-415 ↔
India parboiled 5% broken stxd 360-370 ↔
U.S. parboiled 4% broken 555-565 ↔

Brazil parboiled 5% broken 570-580 ↔
Uruguay parboiled 5% broken NQ ↔
Long grain fragrant rice
Thailand Hommali 92% 865-875 ↔
Vietnam Jasmine 480-490 ↔
India basmati 2% broken NQ ↔
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Mails 815-825 ↔
Brokens
Thailand A1 Super 315-325 ↔
Pakistan 100% broken stxd 300-310 ↔
Cambodia A1 Super 350-360 ↔
India 100% broken stxd 270-280 ↔
Egypt medium grain brokens NQ ↔
U.S. pet food 365-375 ↔
Brazil half grain NQ ↔
All prices USD per ton, FOB vessel, oryza.com
Asia Rice Quotes Unchanged Today
May 19, 2015
Asia rice sellers kept their quotes mostly unchanged today.
5% Broken Rice

Thailand 5% rice is indicated at around $370 - $380 per ton, about a $20 per ton premium on
Vietnam 5% rice shown at around $350 - $360 per ton. India 5% rice is indicated at around $370
- $380 per ton, about a $25 per ton discount to Pakistan 5% rice shown at around $395 - $405 per
ton.
25% Broken Rice
Thailand 25% rice is shown at around $350 - $360 per ton, about a $20 per ton premium on
Vietnam 25% rice shown at around $330- $340 per ton. India 25% rice is indicated at around
$345 - $355, about a $10 per ton discount to Pakistan 25% rice shown at around $355 - $365 per
ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $370 - $380 per ton. India parboiled rice is
indicated at around $360 - $370 per ton, about a $45 per ton discount to Pakistan parboiled rice
shown at around $405 - $415 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is indicated at around $315 - $325 per ton, about a $10 per ton
premium on Vietnam 100% broken rice shown at around $305 - $315 per ton. India's 100%
broken rice is shown at around $270 - $280 per ton, about a $30 per ton discount to Pakistan
broken sortexed rice shown at around $300 - $310 per ton.
Government of Malaysia Planning to Make
Paddy Planting More Attractive for Youth,
Says Minister
May 19, 2015
The government of Malaysia is planning to make paddy planting more attractive, especially for
youth, in terms of ensuring higher income and returns, local sources quoted the Energy, Green
technology and Water Minister as saying.The Minister noted that recently young farmers were
not interested in rice farming due to lesser return associated with it. He noted that the
government is trying to help young farmers to achieve higher yields and returns by assisting with
new technologies, seedlings and fertilizers. He noted that though cost of inputs have increased in
recent times, the government is trying to ensure that rice farmers get lucrative returns.He also
noted that these measures are important as the government is aiming for total self-sufficiency in

the country over the next few years. He also ensured that the 11th Malaysia Plan will consist of
new programs to redevelop paddy fields and idle land as well as encourage more farmers to grow
paddy.
Last week, the country's Agriculture Minister announced that his Ministry would spend about
RM2.2 billion (around $615 million) this year to help rice farmers to improve output to about
seven tons per hectare from the current six tons per hectare in line with the government's self-
sufficiency target.Malaysia produces about 64% of rice needed for annual consumption of about
2.8 million tons and imports the rest. The Minister expressed that while 90,000 tons are imported
officially, nearly one million tons are imported unofficially into the country.USDA estimates
Malaysia to produce about 1.8 million tons of rice and import about one million tons of rice in
MY 2014-15 (January 2015 - December 2015).
Brazil Paddy Rice Index Declines About 1%
from Last Week
May 19, 2015

The Brazilian paddy rice index maintained by CEPEA reached around 35.04 real per 50
kilograms as of May 18, 2015, down about 1% from around 35.36 real per 50 kilograms
recorded on May 11, 2015.In terms of USD per ton, the index reached around $232.52 per ton on
May 18, 2015, down about 2% from around $237.12 per ton recorded on May 11, 2015.
Nearly 11 Million Tons of Stockpiled Rice
Substandard, Says Thai Commerce Ministry
May 19, 2015
Of the 16 million tons of stockpiled rice with the Thai government, nearly 11 million tons are
substandard, local sources quoted the Commerce Permanent Secretary as saying.The Secretary
told the local sources that the Rice Policy and Management Committee yesterday agreed to sell
about 2 million tons of stockpiled rice over the next two months. She noted that the entire stock
needs to be sold at the earliest as the storage costs at about 30 million baht (around 895,496) per
day. She also noted that total loss associated with the substandard rice, including the storage
costs and lowering the selling price, would translate to around 400 billion baht (around $12
billion).

She said the government is expecting to earn about 200 billion baht (around $5.97 billion) from
selling the entire rice stocks while the total cost associated with holding the stocks is around 600
billion baht (around $17.9 billion).The government is keen on selling about 10 million tons of
rice this year and about 7 million tons next year. However, it has been delaying the third auction
since March 20, 2015 in order to avoid downward pressure on prices.It had sold about 1.88
million tons of rice from six auctions raising around 25.58 billion baht (around $785.2 million)
since it seized power in May 2014. It also reportedly sold one million tons of rice under
government-to-government contracts.
Oryza Overnight Recap – Chicago Rough
Rice Futures Seen Flat Overnight Despite
Weakness in Neighboring Grain Pits
May 19, 2015
Chicago rough rice futures for Jul delivery are currently seen trading 2 cents per cwt (about
$0.44 per ton) higher at $9.815 per cwt (about $216 per ton) ahead of floor trading in
Chicago. The other grains are seen trading lower; soybeans are currently seen about 0.4% lower,

wheat is listed about 2.1% lower and corn is currently noted about 1.2% lower.U.S. stock index
futures indicated Wall Street would follow European markets higher on Tuesday, after finishing
at record highs on Monday. April's housing starts totaled 1.135 million in April, above the 1.020
million estimate.
The beat follows weak readings of little above 900,000 in February and March. Bond yields
extended gains after the better-than-expected data, with the U.S. 10-year Treasury yield at
2.27%.European equities were sharply higher in morning trade on Tuesday, with investors
reacting to corporate earnings and focusing on comments by a member of the European Central
Bank. The euro fell to as low as $1.114 early in the day, after starting the session at $1.131. The
10-year benchmark German Bund yield briefly fell to 0.56% and the 10-year U.S. Treasury yield
dipped below 2.20%. Gold is currently trading about 1.1% lower, crude oil is seen trading about
1.9% lower, and the U.S. dollar is currently trading about 1.2% higher at 8:15am Chicago time.
Philippines Researcher Develops Eco
Friendly Rice Hull Processor
May 19, 2015

A researcher at the Philippine Rice Research Institute (PhilRice) has developed the continuous
rice hull (CtRH) carbonizer which can process rice hull into biochar (commonly known as
charcoal) in an environmentally friendly manner and at a lesser cost, according to the Philippines
government website.The CtRH is a smokeless carbonizer that converts rice hull into biochar,
which can be used for cooking, baking, sterilizing and heating brooding chicks. According to the
researcher, while the machine processes rice hull into biochar, it generates heat that is then
recovered in the carbonizer attachments, including a high-volume, cooker, baking oven, sterilizer
for mushroom fruiting bags, or heater for brooding chicks. Heat thus generated can replace heat
generated from conventional sources such as LPG or electricity, he says.
Moreover, biochar produced from rice hull can be used as organic fertilizer together with animal
manure. This type of organic fertilizer can resist degradation and traps carbon in soils for
hundreds of years thus reducing the impact of greenhouse gas emissions as well as
environmental pollution.The PhilRice is planning to commercialize the CtRH carbonizer so that
farmers can make an efficient use of rice hull produced in their fields. Farmers generally burn
rice hull in their fields leading to environmental pollution. The Agricultural Secretary also urged
stakeholders to utilize these eco friendly and cost efficient technologies and benefit out of them.
Oryza U.S. Rough Rice Recap - Prices Mostly
Unchanged as Futures Drop; Mexico and
Canada Threaten Import Tariffs
May 19, 2015
The U.S. cash market was relatively unchanged again today despite weakness in the futures
market as neither buyer or seller could come off of their price ideas to make a trade.There were
reports today that Canada and Mexico are threatening to impose import tariffs on U.S. rice if the
U.S. requires retailers to label meat with where the animal was born, raised, and
slaughtered.Analysts note that the imposition of these tariffs would crush the U.S. rice industry
however most agree that there will be a resolution to this dispute.
Pakistan Rupee Appreciation Against Dollar,
Euro Impacts Rice Exports in FY 2014-15,
Says MOC
May 19, 2015

In a written reply to the Parliament, Pakistan's Ministry of Commerce noted that a decline in the
average unit price (AUP) of non-basmati rice, appreciation of Pakistan rupee against the U.S.
dollar and the euro, increased cost of production and lack of adequate research and development
in the country have all contributed to a decline in Pakistan's rice exports so far in the FY 2014-15
(July - June), according to local sources.The Ministry stated that a decline in the AUP of non-
basmati rice, which account for about 70% of Pakistan's total rice exports, has reduced the export
value significantly so far this year.
According to data from the Pakistan Bureau of Statistics (PBS), Pakistan's total rice exports,
including basmati and non-basmati, increased about 4% y/y to around 3.09 million tons in July
2014 - March 2015 from around 2.97 million tons last year. However, in terms of value,
Pakistan's exports declined about 6% y/y during the period to around $1,569 million from around
1,667 million last year.According to the Ministry, appreciation of Pakistan rupee against the
USD during July 2014 and January 2015 also impacted the value of exports significantly. The
average value of Pakistan rupee against the dollar stood at around 100.3 during July 2014 -
March 2015 compared to around 103.62 during the same period last year. Due to this, though the
exports declined by only 6% in terms of dollar, they declined by about 9% in terms of rupee.

Appreciation of Pakistan rupee against the euro during July 2014 to January 2015 also affected
the competitiveness of Pakistan’s rice exports to the Euro zone.The Ministry also noted that
increased cost of production and lack of appropriate research in the country are also affecting the
competitiveness of Pakistan rice globally. It stated that absence of development of new high
yielding varieties of rice for the last thirty years is a worrisome factor. It noted that India on the
other hand developed many basmati and non-basmati varieties during the last few years. Due to
this there are chances that traditional markets of Pakistan may prefer Indian rice, it said. Also due
to increased costs of production, Pakistan farmers are not in a position to lower prices despite a
global decline in prices.It also reiterated that Pakistan has not been following any import
substitution policies under the multi-lateral trading arrangement of World Trade Organization
(WTO) as they erode competitiveness.
Tanzania Can Fulfil Rice Needs of Entire
Region But its Export Potential
Unrecognized, Says EAC Secretary General
May 19, 2015

Tanzania is capable of fulfilling the rice needs of entire East African Community (EAC) region
but the government, rice growers and exporters do not recognize the country's export potential,
local sources quoted the Secretary General of the EAC as saying.The official who was holding a
consultative meeting with the business community members in Dar es Salaam last week told
local sources that rice is the second most important and commercial crop in Tanzania after maize
and is also a major source of employment, income and food security. The nation tops the EAC
region in rice production with over one million tons annually.
He however says, Tanzania still has a lot of underutilized production capacity and urged the
private sector to participate in rice production and make optimal use of the potential. He also
noted that the Tanzanian rice is specially recognized for its quality.The EAC Secretary General
also noted that the rice production in the country is characterized by small and medium sized
farmers with an average yield of 1.8 tons per hectares. He said while the potential rice area is
estimated at around 2-3 million hectares, only 720,000 hectares is under use currently. The
government has been providing a number of large scale mechanized rice schemes especially for
export but are not properly utilized, he adds.
He reminded that Tanzania's rice shipments had been banned in Kenya and Uganda for being
mixed up with low quality Pakistani rice. He warned the traders not to lose their reputation by
engaging in such unscrupulous acts. He said he would take up the matter with relevant
authorities and ensure the ban is lifted soon.USDA estimates Tanzania to produce around 1.386
million tons of rice, basis milled, and export around 30,000 tons in MY 2014-15 (June 2014 -
May 2015).
Thai Former Prime Minister Pleads
Innocence in Corruption Charges in Rice
Pledging Scheme
May 19, 2015
Thailand’s former Prime Minister Yingluck Shinawatra, who is facing charges of dereliction of
duty in preventing multi-billion dollar graft in running the controversial rice pledging scheme
introduced by her government in October 2011, has pleaded innocence in charges filed against
her in the Supreme Court on the first day of the trial, according to Reuters.She has accused her
enemies of purposefully creating charges against her with an intention to handicap her powerful
family.

The former PM has been granted 30 million baht ($900,000) bail on condition that she should
not leave the country during the trial period without written permission. The court scheduled the
next hearing for July 21, 2015.The Thai National Legislative Assembly (NLA) impeached the
former Prime Minister on January 23, 2015 and banned her from active politics for next five
years for encouraging corruption in the rice pledging scheme introduced by her government in
October 2011. If proved guilty in the present case, she may have to face imprisonment for 10
years, according to local sources.

Daily Exclusive ORYZA Rice E-Newsletter 2015

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