Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
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30th may,2014 daily exclusive oryza e newsletter by riceplus magazine

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30th may,2014 daily exclusive oryza e newsletter by riceplus magazine

  1. 1. 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 30th May, 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.
  2. 2. 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 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…  Rice industry caught in flux  Pakistan Rice Quotes Mixed Today; Other Asia Rice Quotes Unchanged  Oryza Overnight Recap - Chicago Rough Rice Futures Little Changed Overnight Following Two-Day Sell-off  Now, Cook Rice on Eco-friendly, Cost-effective Rice Husk Stove  India Average Wholesale Rice Prices Decline 4% m/m in May 2014; Increase 7% y/y  Argentina Exports 123,882 Tons Rice in January - March 2014; Up 9% from Previous Year  FAO Estimates Bangladesh 2014 Rice Imports to Nearly Triple to Record 400,000 Tons  FAO Estimates Thailand 2014 Rice Exports at 9 Million Tons, Up 36% from Last Year  Thai Rice Farmers Seek Alternative to Rice Pledging Scheme  Oryza Afternoon Recap - Chicago Rough Rice Futures Test and Confirm Nearby Support at $15.000  Use Paddy Rice Straw to Grow Mushrooms  Oryza U.S. Rough Rice Recap - Silent Market with Buyers Reluctant to "Pay Up"  Oryza Rice Currency Analysis for Today – Currencies Little Changed  Oryza Global Rice Quotes News Detail… Rice industry caught in flux Fri, 30 May 2014 Chan Muyhong The rice industry's quest for greater quality at lower cost reached a dead end yesterday at a conference in Phnom Penh, with exporters and farmers polarised on how to achieve greater returns for the industry.The workshop, titled "Improving Rice Value Chain and Enhancing Farmers’ Livelihoods", was attended by more than 70 farmer representatives, businesses and government officials. On one side exporters want farmers to provide a
  3. 3. 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 better-quality rice grain, but on the other, farmers cannot afford the premium to pay for the higher-quality seed.Hun Lak, president of rice exporter Mekong Oryaza Trade, urged farmers to be more selective when choosing their seeds to produce better-quality rice.“Good-quality rice can be sold at a higher price,” he said. “Quality rice can also help [rice exporters] to find markets easier and also help us to compete in the market. ”Fellow exporters and rice millers supported Lak’s view, including Vong Bunheng, president of Heng Heng Rice Miller, who said millers cannot continue to pay farmers for poor-quality rice.“Buyers only want the long and less chalky rice. Currently only 30 per cent of stock is salable as premium grade. Where can I sell the remaining 60 per cent?” he said.Kan Vesna, a farmers representative from Battambang province, rebutted the millers concerns, saying millers systematically reducing prices across the industry created little incentive for farmers to improve their crops.“Using quality seed and proper farming techniques means higher production costs, and if they are going to sell their paddy at the same price as other farmers, why should they do it?” he argued.Ly Eng, another farmers representative from Battambang, said a lack of funds to afford good seeds meant standards would remain the same. “Good selection seeds are expensive, and most of the farmers’ knowledge with farming technique is still very limited,” he said.Eng called on rice millers to lift their buying price.“When you give higher prices, farmers can use the money to improve their farming. Farmers will be able to cease practising outdated, traditional farming techniques,” he added.Hean Vanhorn, the deputy director for the General Department of Agriculture, said the farming community should come together and stock quality seed for future harvests.“It starts with a strong rice- farmer community. [The government] will be able to provide help to train farmers on farming techniques,” he said, adding that the government wouldn’t subsidise seed.“I have listened to the comments of the speakers here. They are all very good, but to answer our question on how to get farmers to use quality seed – after the discussion this morning, it is not still answered yet,” said farmers representative Eng at the close of the debate. Pakistan Rice Quotes Mixed Today; OtherAsia RiceQuotes Unchanged May 29, 2014 Pakistan rice sellers increased their quotes for 5% broken rice by about $30 per ton to around $455 - $465 per ton and lowered their quotes for 100% broken rice by about $5 per ton to around $425 - $435 per ton today. Other Asia rice sellers kept their quotes mostly unchanged. 5% Broken Rice Thai 5% rice (of new crop) is quoted at around $370 - $380 per ton, about $30 per ton lower that Viet 5% rice quoted at around $400 - $410 per ton. Indian 5% rice is quoted at around $425 - $435 per ton, about $30 per ton lower than Pak 5% rice quoted at around $455 - $465 per ton, up about $30 per ton from yesterday. 25% Broken Rice Thai 25% rice of the old crop is quoted at around $340 - $350 per ton, about $20 per ton lower than Viet 25% rice quoted at around $360 - $370 per ton.
  4. 4. 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 25% rice is quoted at around $385 - $395 per ton, on par with Pak 25% quoted at around $385 - $395 per ton. Parboiled Rice Thai parboiled rice of the old crop is quoted at around $410 - $420 per ton. Indian parboiled rice is quoted at around $400 - $410 per ton, about $35 per ton lower than Pak parboiled rice quoted at around $435 - $445 per ton. 100% Broken Rice Thai broken rice, A1 Super, of the old crop is quoted at around $305 - $315 per ton, about $30 per ton lower than Viet broken rice quoted at around $335 - $345 per ton. Indian broken sortexed rice is quoted at around $310 - $320 per ton, about $15 per ton lower than Pak broken sortexed rice quoted at around $325 - $335 per ton, down about $5 per ton from yesterday. Tags: 5% broken, 25% broken, parboiled rice, Sortexed rice Oryza Overnight Recap - Chicago Rough Rice Futures LittleChanged Overnight Following Two-Day Sell-off May 29, 2014 Chicago rough rice futures for Jul delivery were paused 0.5 cents per cwt (about $0.11 per ton) lower overnight at $15.045 per cwt (about $332 per ton) as of 8:00am Chicago time. The other grains are seen mostly 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 0.5% lower. U.S. stock index futures retrieved modest gains on Thursday after a second estimate had first-quarter growth contracting more than expected, but weekly jobless claims coming in better than hoped. The Commerce Department reported gross domestic product declined at a 1% annualized rate in the first quarter, with the drop larger than the 0.4% contraction estimated by analysts. Separate data on pending home sales in April is expected at 10 a.m. Eastern. Stocks ended a four-session rally on Wednesday, with investors skittish as the 10- year Treasury yield fell to 2.44%, its lowest closing level since last July. The move in U.S. yields followed falls in their German counterparts on news of an increase in Germany's unemployment. U.S. stock index futures are currently trading about 0.1% higher, gold is currently trading about 0.4% lower, crude oil is seen trading about 0.3% higher, and the U.S. dollar is currently trading about 0.1% lower at 8:00am Chicago time. Tags: U.S. rice prices; U.S. rice market; Chicago rough rice futures
  5. 5. 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 Now, CookRiceon Eco-friendly, Cost-effectiveRice Husk Stove May 29, 2014 Rice husk (hull) is one of the largest agricultural waste produced in the world. Now, Alexis T. Belonio, senior research fellow at Philippine Rice Research Institute, has realised that rice husks can not only be a good addition to fertilizers but also be used as a low-cost bio-fuel for cooking. He has designed a stove which could be of help to rice farmers who anyway have rice husk and want to spend less on cooking fuel.With fuel and energy prices hitting an all-time high, stringent rules against using wood as fuel, he designed the stove using rice husk which is available in abundance in his country. Belonio’s stove works like a normal stove, except that it is powered by burning rice hulls instead of the liquefied petroleum gas. It has a burner, a gasifier reactor, a char chamber, a fan and a switch. He derives inspiration from Rice husk stove technology introduced by the International Rice Research Institute (DA-IRRI) Program in 1986 to replace wood and charcoal for cooking. A single-burner stove costs around $45. A kilo of rice husks lasts for an hour. Using the stove costs only $0.06 per hour compared to $0.38 for an LPG stove.This stove, which has won National Winner for the Philippines of the Energy Globe Award 2014 besides several other awards, is now being marketed in rice-rich countries such as Sri Lanka, Vietnam, India and Cambodia. India Average WholesaleRice Prices Decline4% m/m in May 2014; Increase 7% y/y Average monthly wholesale rice prices in India declined to around Rs.2,872 per quintal in May 2014, down about 4% from around Rs.2,984 per quintal in April 2014, and up about 7% from around Rs.2,675 per quintal in May 2013, according to official sources. In terms of USD per ton, wholesale rice prices in India stand at around $487 per ton (using current exchange rates) in May 2014, down about 1% from around $492 per ton (using historical exchange rates) in April 2014, and up about 1.2% from around $481 per ton (using historical exchange rates) in May 2013. The average wholesale rice price in January - May 2014 stands at around Rs.2,826 per quintal, up about 8% from around Rs.2,625 per quintal during the same period in 2013. However, in USD per ton terms, the average wholesale price in January - May 2014 stood at around $464 per ton (using historical exchange rates), down about 4% from around $484 per ton during the same period in 2013, partly due to weakening of the Indian rupee against the USD since the second half of 2013. Average wholesale rice prices in India have been increasing since the beginning of this year due to concerns of declined supplies from the main rice crop (June - December 2013), which was affected by weather disturbances last year. India's second rice crop (November 2013 – April 2014) was also affected by unseasonal rains in early March 2014 in some parts of the country. However, the third advance production estimates released by the government of India in the second week of May led to a correction in prices this month.
  6. 6. 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 According to the second advance estimates by the Directorate of Economics and Statistics under the Ministry of Agriculture, rice production in the current marketing year 2013-14 (October 2013 - September 2014) is projected at around 106.29 million tons, up about 1% from around 105.24 million tons in the previous year. However, El Nino could impact the upcoming main rice crop and potentially send prices much higher again.USDA estimates India to produce 105 million tons milled rice and export 10 million tons rice in MY 2013-14 (October 2013 - September 2014). Tags: India wholesale rice prices, India rice production, India rice exports
  7. 7. 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 Argentina Exports 123,882 Tons Rice in January - March 2014; Up 9% from Previous Year May 29, 2014 Argentina has exported around 123,882 tons rice in January - March 2014, up about 9% from around 114,054 tons exported during the same period in 2013, according to data from the Ministry of Agriculture in Argentina.Argentina exported about 50,542 tons rice in March 2014, up about 2.25 times over 22,467 tons exported in February 2014; and about 6% from about 47,479 tons exported in March 2013, helped by increased demand from Iraq and Sierra Leone.In March 2014, Argentina exported around 16,600 tons rice to Iraq (about 33% of total rice exports in March 2014), around 13,969 tons rice to Sierra Leone (about 28%), around 8,385 tons to Senegal (about 16%), around 5,181 to Bolivia (about 10%), around 3,206 tons to Brazil (about 6%) and around 1,834 tons to Chile (about 4%). Remaining 3% or 1,367 tons rice were exported to Canada, Costa Rica , Denmark, Italy, Germany and the U.S.USDA estimates Argentina's milled rice production at about one million tons in MY 2014-15 (April – March), against consumption of 440,000 tons. The USDA estimates Argentina to export around 600,000 tons of rice in MY 2014-15. Tags: Argentina rice exports
  8. 8. 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 FAO Estimates Bangladesh 2014 RiceImports to Nearly Triple to Record 400,000 Tons May 29, 2014 The UN's Food and Agriculture Organization (FAO) has estimated 2014 Bangladesh's rice imports to nearly triple to about 400,000 tons due to lower prices in international market. The FAO reports that most of the imports are by the private sector.The FAO estimates 2014 aggregate paddy rice production from the three seasons - Aus, Aman and Boro - at 52 million tons (around 34.84 million tons basis milled), slightly above an estimated 2013 paddy rice production of 51.5 million tons (around 34.5 million tons basis milled) due to increased planted area backed by favorable weather conditions, and government support to the rice sector, in the form of seed, fertilizer and fuel subsidies. On average, Aus, Aman and Boro seasons account for 7%, 38% and 55% respectively of annual paddy production. The UN agency reports that planting for 2014 Aus season rice crop, which accounts for 7% of annual paddy production, is almost complete and expects the season's output at 3.6 million tons (around 2.4 million tons basis milled), up about 3% from about 3.5 million tons produced last year. It also reports that paddy rice production from 2013-14 Boro crop, which accounts for about 55% of total annual paddy production, at record 28.5 million tons (around 19 million tons basis milled), slightly above bumper production in 2012. The FAO reports that domestic rice prices were stable in April and expects prices to decline in the coming months with increased supply from 2013-14 Boro crop harvests. According to data from Bangladesh's Ministry of Food, Bangladesh imported 374,560 tons of rice (371,500 tons by private sector and 3,060 tons by the government) as on May 27, 2014 during the 2013-14 fiscal year (July 2013 - June 2014). Bangladesh imported 28,930 tons (25,270 tons by private sector and 3,660 tons by the government) during the 2012-13 fiscal. USDA estimates MY 2013-14 (July 2013 - June 2014) Bangladesh paddy rice production at 51.89 million tons (around 34.59 million tons basis milled), up about 2% from around 50.74 million tons (around 33.82 million tons basis milled). It estimates MY 2014-15 paddy rice production to slightly increase to 52.2 million tons (around 34.8 million tons basis milled) over MY 2013-14. It estimates Bangladesh to import 400,000 tons of rice in MY 2013-14, up about 11.5 times from a mere 35,000 tons imported in MY 2012-13. However, it expects Bangladesh’s imports to decline by about 75% to 100,000 tons in MY 2014-15. Tags: Bangladesh rice production, Bangladesh rice imports FAO Estimates Thailand 2014 Rice Exports at 9 Million Tons, Up 36% from Last Year
  9. 9. 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 May 29, 2014 The UN's Food and Agriculture Organization (FAO) has estimated Thailand's rice exports to increase to 9 million tons in 2014 marketing year (January - December), up about 36% from about 6.62 million tons exported in 2013, and about 8% above the five-year average level of about 8.3 million tons.In its country brief on Thailand, the FAO noted that the recovery in exports is due to near-record production of the 2013-14 main season (October 2013 - February 2014) and high carry-over stocks. It stated that the exports continued at above-normal pace despite ongoing political instability in the country.The FAO estimates 2013 aggregate paddy rice production at record 38.2 million tons (around 25.2 million tons basis milled), up about 4% from about 36.6 million tons (around 24.2 million tons basis milled) produced in 2012. Harvesting of the 2013-14 secondary crop (February - June) is going on and the FAO estimates paddy production from this crop at 10.1 million tons (around 6.67 million tons basis milled), down 5% from about 10.6 million tons (around 7 million tons basis milled) produced last year, based on official estimates from Thai Agriculture Ministry.The UN agency estimates 2014 aggregate paddy rice production at 37.5 million tons (around 24.75 million tons basis milled) , down about 2% from an estimated 38.2 million tons (around 25.2 million tons basis milled) in 2013 due to expected decline in 2014-15 main season paddy planting area backed by lower domestic prices and high carryover stocks. It estimates 2014-15 main season paddy production at 28 million tons (around 18.5 million tons basis milled), down about 2% from about 28.6 million tons (around 18.9 million tons basis milled) produced last year. The FAO reports that planting of the 2014-15 main season paddy rice crop has begun and estimates total paddy rice acreage in this season at 10.3 million hectares, slightly below the last year's planted area.The FAO reports that domestic rice prices continued to decline in April 2014 due to excessive sales of government stocks coupled with supplies from the ongoing 2013-14 secondary season harvests. Average wholesale prices of 25% broken rice declined to about 10,879 baht (around $336 using historical exchange rate) per ton in March 2014, down about 28% from about 15,050 baht (around $505 using historical exchange rate) per ton in March 2013. Average wholesale prices of 5% broken rice declined to about 11,924 baht (around $368 using historical exchange rate) per ton in March 2014, down about 22% from about 15,350 baht (around $515 using historical exchange rate) per ton in March 2013. USDA estimates Thailand MY 2013-14 (January 2014 - December 2014) paddy rice production at about 31 million tons (around 20.5 million tons basis milled), up about 1.5% from about 30.6 million tons (around 20.2 million tons basis milled) from last year, and it expects paddy rice production in MY 2014-15 to remain at 2013-14 levels but expects 2014 exports to increase to 10 million tons, up about 10% from 9 million tons exported in 2013. Tags: Thailand rice production, Thailand rice exports Thai Rice Farmers SeekAlternative to Rice Pledging Scheme
  10. 10. 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 May 29, 2014 Thailand's rice farmers are seeking an alternative to the Rice Paddy Pledging Scheme introduced by the previous government, which was abandoned from February 28, 2014 due to lack of funds, according to local sources.The President of the Thai Rice Farmers' Association (TRFA) said rice farmers are very happy with the Military government's decision to prioritize payments to them as they could plan for the next crop as well as solve their immediate financial problems. The TRFA President also noted that though plights of many farmers have been resolved temporarily, rice farmers still need state support due to rising production costs. He noted that after the abandonment of the rice pledging scheme, farmers are forced to sell their produce at market prices of around 5,000 baht to 6,000 baht (around $153 - $183) per ton of paddy rice. The government paid 15,000 baht (around $458) per ton to common paddy and 16,000 (around $489) per ton to fragrant rice paddy under the scheme since its introduction in October 2011.While the Military government has not made clear its further plans for rice farmers, the TRFA President said military coup period could be an opportunity for the government to chart a new legislation that could better secure the future of farmers as well the country's rice sector.The general public have also hailed the military coup as a perfect solution to end the seven-month political impasse and corruption in the country, according to a report published by Reuters. Tags: Thailand rice exports, Thailand rice pledging scheme Oryza Afternoon Recap - Chicago Rough Rice Futures Test and Confirm Nearby Support at $15.000 May 29, 2014 Chicago rough rice futures for Jul delivery settled 2.5 cents per cwt (about $1 per ton) lower at $15.025 per cwt (about $331 per ton). The other grains finished the day with mixed results; soybeans closed about 0.1% higher at $14.9900 per bushel; wheat about 1% lower at $6.3250 per bushel, and corn finished the day about 0.6% lower at $4.6950 per bushel.U.S. stocks posted small gains on Thursday, after the S&P 500 rose to an all-time high, as Wall Street tracked falling Treasury yields while betting the U.S. economy would rebound from its first contraction in three years. The Commerce Department found gross domestic product declined at a 1% annualized rate in the first quarter. Analysts had estimated a 0.4% contraction. On Thursday, benchmark yields continued their decline, with the 10-year Treasury recently down 1 basis point at 2.438%, after falling as low as 2.3971, its lowest since June. After rising as much as 38 points and falling 12, the Dow Jones Industrial Average was lately ahead 10.73 points, or 0.1%, at 16,643.91. The S&P 500 hit an intraday record for a third straight session, and was lately up 4.38 points, or 0.2%, at 1,914.16, with consumer staples and materials faring best and utilities and telecommunications the leading laggards among its 10 major industry groups.
  11. 11. 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 The Nasdaq gained 11.79 points, or 0.3%, to 4,236.87. Gold is trading about 0.3% lower, crude oil is seen trading about 0.9% higher, and the U.S. dollar is seen trading about 0.1% lower at about 1:00pm Chicago time.Wednesday, there were 1,367 contracts traded, down from 1,428 contracts traded on Tuesday. Open interest – the number of contracts outstanding – on Wednesday increased by 51 contracts to 8,157. Tags: U.S. rice prices; U.S. rice market; Chicago rough rice futures Use Paddy RiceStraw to Grow Mushrooms May 29, 2014 Harpreet Singh Sodhi from Punjab Agricultural University (PAU) in India has discovered that after every rice harvest, farmers can use leftover paddy straw to cultivate mushrooms. This helps the farmers monetarily as mushrooms are in great demand in India and curbs the health hazards of burning it, he says.He advices farmers to put mushroom seeds on the straw bundles and cultivate it the regular way. He has computed that about 1 kg of dry paddy or wheat straw can yield half kg of Calocybe Indica mushrooms in a month while 22 bundles of paddy yields 3 kg of Volvariella mushrooms in two weeks. Tags: rice straw, paddy rice straw, rice recycling Oryza U.S. Rough RiceRecap - Silent Market with Buyers Reluctant to "Pay Up" May 29, 2014 The U.S. cash market was silent today as buyers were reluctant to pay the numbers sellers were asking for.As of today, old crop offers could still be seen near at $16.33 per cwt fob farm (about $360 per ton) for June shipment; however, price ideas increase to around $16.66 per cwt fob farm (about $367 per ton) for July and August shipment.Bids from most larger mills were unchanged near $14.80 per cwt (about $326 per ton) for June delivery while bids for exporters could still be found around $16.00 per cwt (about $353 per ton), for the same delivery period; however, both received little interest as smaller mills are said to be paying around $16.00 per cwt fob farm (about $353 per ton).In the meantime, the USDA delayed their release of weekly export sales and shipment data until tomorrow due to the Memorial Day Holiday on Monday. Tags: U.S. rice prices; U.S. rice market Oryza Rice Currency Analysis for Today – Currencies LittleChanged May 29, 2014
  12. 12. 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 U.S. dollar index was down -0.10% from the open today, when it traded at 80.495 at the close. Euro was stronger +0.09% by the close, trading around 1.3603 by end of day, after trading between an intraday high of 1.3626 and low of 1.3586. Thai baht was weaker -0.34%, trading at 32.803 at the close of business. Indian rupee was weaker -0.18% at 59.0350. Brazilian real was stronger +0.36% at the close of trading today, trading at 2.2240 reais per dollar. Pakistan rupee was +0.03% stronger at 98.7130. Vietnamese dong was unchanged at 21165. Mexican peso was stronger +0.27% today, when it traded at 12.8394 pesos per dollar by the close of business. Chinese yuan was stronger +0.25% at 6.2397. Argentine peso was almost unchanged at 8.0745 pesos per dollar. Tags: foreign exchange rates, rice currencies, Global rice trade Oryza Global Rice Quotes May 29th, 2014 Long grain white rice - high quality Thailand 100% B grade 385-395 ↔ Vietnam 5% broken 400-410 ↔ India 5% broken 425-435 ↔ Pakistan 5% broken 455-465 ↑ Cambodia 5% broken 435-445 ↔ U.S. 4% broken 580-590 ↔
  13. 13. 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 Uruguay 5% broken 625-635 ↔ Argentina 5% broken 620-630 ↔ Long grain white rice - low quality Thailand 25% broken 340-350 ↔ Vietnam 25% broken 360-370 ↔ Pakistan 25% broken 385-395 ↔ Cambodia 25% broken 405-415 ↔ India 25% broken 385-395 ↔ U.S. 15% broken 555-565 ↔ Long grain parboiled rice Thailand parboiled 100% stxd 410-420 ↔ Pakistan parboiled 5% broken stxd 435-445 ↔ India parboiled 5% broken stxd 400-410 ↔ U.S. parboiled 4% broken 660-670 ↔ Brazil parboiled 5% broken NQ ↔ Uruguay parboiled 5% broken NQ ↔ Long grain fragrant rice Thailand Hommali 92% 930-940 ↔ Vietnam Jasmine 525-535 ↔ India basmati 2% broken NQ ↔ Pakistan basmati 2% broken NQ ↔ Cambodia Phka Malis 860-870 ↔ Brokens Thailand A1 Super 305-315 ↔
  14. 14. 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 100% broken 335-345 ↔ Pakistan 100% broken stxd 325-335 ↓ Cambodia A1 Super 350-360 ↔ India 100% Broken stxd 310-320 ↔ Egypt medium grain brokens NQ ↔ U.S. pet food 470-480 ↔ Brazil half grain NQ ↔ Medium grain milled U.S. Calrose 4% broken 1070-1080 ↔ 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

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