3rd January,2014

Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@g...
Share developments in RICE
and allied sectors,
Promote the Concept of Knowledge
Economy
Dear Sir/Madam,

YOUR IDEA has a g...
TOP Contents - Tailored for YOU
Latest News Headlines…
 Oryza U.S. Rough Rice Recap – Very Quiet Market As Participants R...
where they are located in the U.S. mid-South and how quickly they could ship.
Bids from larger mills increased slightly to...
Oryza Afternoon Recap – Chicago Rough Rice Futures Rally as Shorts Pay-up to
Exit January Positions as Receipts Remain in ...
Cambodia Exports 378,856 Tons of Rice in 2013; Up 84% from Previous Year
Jan 02, 2014

Cambodia exported around 378,856 to...
Lower Prices Likely to Boost Thailand Rice Exports in 2014

Jan 02, 2014

Low rice prices and huge stocks of rice are expe...
especially in South Africa and Russia, which will boost exports.However, the Thai Rice Exporters Association
(TREA) says t...
India has exported around 9.6 million tons of rice in January – November 2013, up about 1% from around 9.5
million tons of...
Indian 25% rice is quoted about $370 - $380 per ton, about a $25 per ton premium over Pak 25% rice quoted
around $345 - $3...
India basmati 2% broken
1515 -1525
Pakistan basmati 2% broken
NQ
↔
Cambodia Phka Malis 910-920
↔
Brokens
Thailand A1 Super...
*India has cancelled a €560 million contract to buy high-end helicopters from AgustaWestland, a subsidiary of
Finmeccanica...
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3rd january,2013 daily global rice e newsletter by riceplus magazine

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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.
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Transcript of "3rd january,2013 daily global rice e newsletter by riceplus magazine"

  1. 1. 3rd January,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
  2. 2. Share developments in RICE and allied sectors, Promote the Concept of Knowledge Economy Dear Sir/Madam, YOUR IDEA has a great worth---JUST share it through RICE PLUS 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
  3. 3. TOP Contents - Tailored for YOU Latest News Headlines…  Oryza U.S. Rough Rice Recap – Very Quiet Market As Participants Return from Holiday  Oryza Rice Currency Analysis for Today – Emerging Market Curries, Euro Fall Against the Greenback  Oryza Afternoon Recap – Chicago Rough Rice Futures Rally as Shorts Pay-up to Exit January Positions as Receipts Remain in Short Supply  Cambodia Exports 378,856 Tons of Rice in 2013; Up 84% from Previous Year  Qatar Tenders to Buy 24,000 Tons of India Basmati Rice  Lower Prices Likely to Boost Thailand Rice Exports in 2014  Oryza Overnight Recap – Chicago Rough Rice Futures Prepare to Reopen Following Mid-Week New Year Holiday Break  India Exports 9.6 Million Tons of Rice in January – November 2013  Asia Rice Quotes Mixed Today  Oryza Global Rice Quotes  Oryza Quick Glance at World News NEWS DETAILS: Oryza U.S. Rough Rice Recap – Very Quiet Market As Participants Return from Holiday Jan 02, 2014 The U.S. cash market was very quiet today as buyers and sellers returned from the holiday to find that they were miles apart on price ideas. As of today, offers were unchanged near $15.55-$16.66 per fob farm (about $343-$367 per ton), depending 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
  4. 4. where they are located in the U.S. mid-South and how quickly they could ship. Bids from larger mills increased slightly to around $15.00 per cwt (about $331 per ton) while bids from exporters could still be found around $15.15 per cwt (about $334 per ton), both for January through February delivery, however there was no selling interest at these levels. In the meantime, weekly export sales were delayed until Friday morning due to the Wednesday holiday. Tags: U.S. rice prices, U.S. rice market Oryza Rice Currency Analysis for Today – Emerging Market Curries, Euro Fall Against the Greenback Jan 02, 2014 U.S. dollar index was up +0.65% from the open today, when it traded at 80.627 at the close. Euro was weaker -0.77% today by the close, trading around 1.3656 by end of day, after trading between an intraday high of 1.3775 and low of 1.3630. The euro fell on bets the recent rally is overdone. Thai baht was weaker -0.75%, trading at 32.970 at the close of business. Indian rupee was -0.58% weaker, trading at 62.2675. Brazilian real was -1.08% weaker than the open at today’s close, when it ended at 2.3878 reais per dollar. Pakistan rupee was -0.24% weaker at 105.5933. Vietnamese dong was weaker -0.02% at 21110. Mexican peso was -0.85% weaker today, when it traded at 13.1516 pesos per dollar by the close of business today. Chinese yuan was +0.07% stronger at 6.0508. Argentine peso was -0.38% weaker at 6.5445 pesos per dollar. Tags: foreign exchange rates 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. 5. Oryza Afternoon Recap – Chicago Rough Rice Futures Rally as Shorts Pay-up to Exit January Positions as Receipts Remain in Short Supply Jan 02, 2014 Chicago rough rice futures for March delivery settled 23.5 cents per cwt (about $5 per ton) higher at $15.510 per cwt (about $342 per ton). Rough rice futures rallied today, supported by an uptick in January/September spread activity that saw the nearby contract trade as high as a 50 cent per cwt (about $11 per ton) premium to the active March contract. We are likely witnessing the a last push by the remaining shorts who have decided to pay up rather than attempt to procure outstanding receipts which remain in strong hands. The other grains were lower today, led to the downside by a sharp drop in the soy complex; soybeans finished the day about 1.7% lower at $12.7000 per bushel; wheat finished about 1.4% lower at $5.9700 per bushel; and corn finished the day about 0.4% lower at $4.2050 per bushel. U.S. stocks fell sharply on Thursday, with Wall Street headed for its first negative start to a year in six, as a downgrade of Apple hit technology shares and another set of better-than-expected economic reports failed to move investors. The Dow Jones Industrial Average was lately at session lows. The S&P 500 declined, with technology the hardest hit of the index's 10 major industry sectors, all of which were in the red. The Nasdaq also lost ground. U.S. stock markets are currently trading about 0.8% lower, gold is trading about 1.8% higher, crude oil is seen trading about 2.9% lower, and the U.S. dollar is seen trading about 0.6% higher at about 2:00pm Chicago time. Looking to the daily continuation chart of Chicago rough rice futures for March delivery, the market broke out of its recent $15.200-$15.400 per cwt (about $335-$340 per ton) sideways trading range which had maintained price action over the previous two weeks. Today’s move higher has been attributed to a furry of spread activity with the January/March spread setting the tone. A look at open interest in the morning will likely show a large drop in the nearby contract. Technically today’s activity provides a positive outlook for tomorrow’s trade direction, as multiple layers of resistance were taken out on today’s rally. However; the market did close just above the 20-day moving average, noted at $15.500 per cwt (about $342 per ton), a level that will be closely monitored. Today’s trading range is noted as $15.275-$15.540 per cwt (about $337-$343 per ton). Tuesday, there were 284 contracts traded, up from 276 contracts traded on Monday. Open interest – the number of contracts outstanding – on Tuesday decreased by 6 contracts to 6,962. Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market 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. 6. Cambodia Exports 378,856 Tons of Rice in 2013; Up 84% from Previous Year Jan 02, 2014 Cambodia exported around 378,856 tons of rice in the calendar year 2013, up about 84% from around 205,717 tons exported in the previous year, according to official sources. Total rice exports in 2013 included around 156,770 tons of jasmine rice (41% of total rice exports) and about 194,003 tons of long grain rice (51% of total rice exports). Cambodia’s rice exports in December 2013 stand at around 46,847 tons of rice, the highest monthly volume in 2013 and up about 24% from around 37,855 tons in the previous month, and up about 36% from around 34,328 tons of rice exports in December 2012. Cambodia’s major rice export destinations in 2013 include European nations, Malaysia, Thailand, and China. Tags: Cambodia rice exports Qatar Tenders to Buy 24,000 Tons of India Basmati Rice Jan 02, 2014 Qatar is seeking to purchase 24,000 tons of 1121 Indian basmati rice in an international tender. According to the Tenders Committee, the last date of submission of applications is January 20, 2014. For further details please contact Tel: 44378192 /225 /143 /149 or visit: www.ctc.gov.qa Tags: Qatar rice tender, india basmati rice 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. 7. Lower Prices Likely to Boost Thailand Rice Exports in 2014 Jan 02, 2014 Low rice prices and huge stocks of rice are expected to help Thailand’s rice exports bounce back to over 8 million tons in 2014, the highest yearly export volume since the government started the rice mortgage program in October 2011.Thailand used to the world’s largest rice exporter with around 10.6 million tons of rice exports in 2010-11. However, artificially high prices due to government intervention led to a decline of around 35% to about 6.9 million tons in 2011-12. Rice exports are expected to reach around 7 million tons in 2012-13, but prices have declined sharply in recent months and are likely to remain at low levels in the coming months.According to Thai Rice Packers Association (TRPA), Thailand’s domestic white rice prices are expected to remain at last year’s levels due to over-supply. Local sources also say that competition may drive traders to offer significant discounts in 2014. The USDA projects Thailand’s rice exports will bounce to around 8.5 million tons in 2013-14 (up about 21% from the previous year), while the Department of Foreign Trade hopes that rice exports may surge to up to 10 million tons in 2013-14 due to growing demand in several countries. The Director-General of the Department of Foreign Trade says the department has developed new plans to boost sales to both old and new markets, 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. 8. especially in South Africa and Russia, which will boost exports.However, the Thai Rice Exporters Association (TREA) says that it would be difficult for Thailand to become the world’s largest rice exporter again. According to TREA, Thailand’s rice exports are expected to reach around 7.5 million tons in 2014, with the increase mainly attributed to demand in China and the Philippines. TREA says that India has sufficient stocks to remain the world’s largest rice exporter in 2014, while the less expensive Vietnamese rice has snatched Thailand’s market share in Hong Kong, Singapore and Malaysia in recent years. Tags: Thailand rice exports Oryza Overnight Recap – Chicago Rough Rice Futures Prepare to Reopen Following Mid-Week New Year Holiday Break Jan 02, 2014 Agricultural futures have been closed since Tuesday afternoon and are scheduled to reopen at 8:30am Chicago time this morning. U.S. stock index futures pointed to a slightly lower open on the first trading day of 2014 after data showed jobless claims falling for a second week in a row amid fears of slower growth in China, which weighed on Asian stocks. Stock futures remained modestly down after the government reported jobless claims slipped by 2,000 last week to a seasonally adjusted 339,000. At 10 a.m. Eastern, there will be the ISM (Institute of Supply Management) index, tracking changes in U.S. manufacturing in December, plus construction spending numbers for November. No U.S. companies of note are due to report earnings before Wall Street opens on Thursday. U.S. stocks closed 2013 at record highs, with the S&P 500 posting its largest annual jump in 16 years, and the benchmark Dow Jones Industrial Average its biggest gain in 18 years. The Nasdaq Composite posted its best year since 2009. US stock index futures are currently trading about 0.2% lower, gold is currently trading about 1.8% higher, crude oil is seen trading about 1% lower, and the U.S. dollar is currently trading about 0.6% higher at 8:00am Chicago time. Tags: chicago rough rice futures India Exports 9.6 Million Tons of Rice in January – November 2013 Jan 02, 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
  9. 9. India has exported around 9.6 million tons of rice in January – November 2013, up about 1% from around 9.5 million tons of rice exported during the same period in 2012, according to the USDA Post in New Delhi.The Post says that India’s basmati rice exports have slowed down since October 2013due to withdrawal of sanctions on Iran by the U.S. and some other countries. However, India’s PUSA 1121 basmati rice remains “very price competitive” compared to long grain rice of other origins and exports to Iran will resume soon, according to the Post.The Post also says that the Indian government may review its non-basmati rice export policy in 2014 if government procurement drops significantly or if domestic prices increase. As of December 24, 2013, the Indian government has procured about 14.3 million tons of rice from the current marketing season 2013-14 (October – September), down about 6% from around 15.1 million tons during the corresponding period in MY 2012-13. Untimely rains in October – November 2013 in eastern and southern states, and relatively strong open market prices have slowed down government procurement so far. The Post says that while procurement is expected to gather momentum in January 2014, total procurement in MY 2013-14 is expected to decline to around 32 million tons, down about 6% from previous year’s 34 million tons.India’s rice production in 2013-14 is forecast to reach around 103 million tons, down about 1% from around 104.4 million tons produced in the previous year. India’s rice exports in 2013-14 are projected to reach around 10 million tons, down about 8% compared to around 10.9 million tons in the previous year, according to the USDA. Tags: India rice exports Asia Rice Quotes Mixed Today Jan 02, 2014 Thailand rice sellers lowered their quotes for 5% broken rice, parboiled rice and Hommali rice by about $5 $10 per ton to about $415 - $425 per ton, $435 - $445 per ton and $955 - $965 per ton respectively today. India rice sellers lowered their quotes for parboiled rice by about $5 per ton to about $385 - $395 per ton and increased their quotes for 100% broken rice by about $5 per ton to about $295 - $305 per ton. Pakistan rice sellers increased their quotes for 25% broken rice by about $5 per ton to about $345 - $355 per ton. Vietnam rice sellers kept their quotes mostly unchanged today. 5% Broken Rice Thai 5% rice (of new crop) is quoted around $415 - $425 per ton, down about $5 per ton from yesterday and about a $10 per ton premium over Viet 5% rice shown around $405 - $415 per ton. Thai 5% rice of the old crop is shown around $370 - $380 per ton. Indian 5% rice is quoted around $405 - $415 per ton, about a $20 per ton premium over Pak 5% rice quoted around $385 - $395 per ton. 25% Broken Rice Thai 25% rice (of new crop) is quoted about $375 - $385 per ton, about a $5 per ton discount to Viet 25% rice shown around $380 - $390 per ton. Thai 25% rice of the old crop shown around $345 - $355 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
  10. 10. Indian 25% rice is quoted about $370 - $380 per ton, about a $25 per ton premium over Pak 25% rice quoted around $345 - $355 per ton, up about $5 per ton from yesterday. Parboiled Rice Thai parboiled rice of the old crop is quoted around $435 - $445 per ton, down about $5 per ton from yesterday. Indian parboiled rice is quoted around $385 - $395 per ton, down about $5 per ton from yesterday and about a $35 per ton discount to Pak parboiled rice quoted around $420 - $430 per ton. 100% Broken Rice Thai broken rice, A1 Super, of the old crop is quoted around $295 - $305 per ton and about a $65 per ton discount to Viet broken rice shown around $360 - $370 per ton. Indian broken sortexed rice is quoted about $295 - $305 per ton, up about $5 per ton from yesterday and about a $25 per ton discount to Pak broken sortexed rice quoted around $320 - $330 per ton. Tags: Asia rice quotes, India rice quotes, Thailand rice quotes, Vietnam rice quotes, Pakistan rice quotes Oryza Global Rice Quotes January 2nd, 2014 Long grain white rice - high quality Thailand 100% B grade 425-435 Vietnam 5% broken 405-415 India 5% broken 405-415 Pakistan 5% broken 385-395 Cambodia 5% broken 460-470 U.S. 4% broken 590-600 ↔ Uruguay 5% broken 625-635 Argentina 5% broken 625-635 Long grain white rice - low quality Thailand 25% broken 375-385 Vietnam 25% broken 380-390 Pakistan 25% broken 345-355 Cambodia 25% broken 435-445 India 25% broken 370-380 U.S. 15% broken 570-580 ↓ ↔ ↔ ↔ ↔ ↔ ↔ ↔ ↔ ↑ ↔ ↔ ↔ Long grain parboiled rice Thailand parboiled 100% stxd 435-445 ↓ Pakistan parboiled 5% broken stxd 420-430 India parboiled 5% broken stxd 385-395 ↓ 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% 955-965 Vietnam Jasmine 605-615 ↔ ↓ ↔ Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  11. 11. India basmati 2% broken 1515 -1525 Pakistan basmati 2% broken NQ ↔ Cambodia Phka Malis 910-920 ↔ Brokens Thailand A1 Super 295-305 ↔ Vietnam 100% broken 360-370 ↔ Pakistan 100% broken stxd 320-330 Cambodia A1 Super 375-385 ↔ India 100% Broken stxd 295-305 ↑ Egypt medium grain brokens NQ ↔ U.S. pet food 395-405 ↔ 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 Oryza Quick Glance at World News Jan 02, 2014 Financial Times – *China has agreed to provide Pakistan with a $6.5 billion loan to construct twin nuclear power stations in the southern port city of Karachi, the largest ever Chinese financing deal for a single project in the country. *Skype, the internet calls service owned by Microsoft, was hacked by cyber criminals claiming to be supporters of Syrian President Bashar al-Assad on New Year’s day, with anti-surveillance messages posted on its social media sites and blog. *Israel’s interior minister will on Thursday inaugurate a new neighborhood in a Jewish settlement in the Jordan Valley, in a gesture of defiance that will coincide with U.S. secretary of state John Kerry’s latest visit to the region to push forward peace talks. *Fiat will pay $3.65 billion to acquire the 41.5% of Chrysler it does not already own, resolving one of the car industry’s biggest strategic issues. *Poland's controversial scheme stripping privately run pension funds of their holdings of government bonds has been signed by the country's president but also forwarded to the constitutional tribunal, which is expected to take up the issue of the legality of the government’s move by this spring. *David Cameron will claim on Thursday that the Help to Buy scheme is on track to support almost £1 billion of new lending, with more than 6,000 people taking advantage of the state-backed mortgages. *Facebook founder Mark Zuckerberg topped the list of U.S. philanthropists who opened their chequebooks to make big donations in 2013, with his gift of almost $1 billion to a Silicon Valley charity. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  12. 12. *India has cancelled a €560 million contract to buy high-end helicopters from AgustaWestland, a subsidiary of Finmeccanica, in move that underlines the unpredictability of one of the world’s biggest defense markets. Wall Street Journal*Russian President Vladimir Putin paid a predawn visit to Volgograd on Wednesday, meeting with survivors of twin suicide bombings that killed 34 people this week and promising beefed-up security around the country ahead of the Winter Olympic Games. *Apple Inc. said it never worked with the National Security Agency to create a back-door way for the organization to spy on iPhone users and it was unaware of any program to target its products. *U.S. Secretary of State John Kerry was set to begin a round of talks Thursday to push for a broad IsraeliPalestinian peace accord, though both sides were already rejecting a U.S. proposal for a security regime along the border with Jordan. *Indonesian police shot and killed six suspected terrorists in an all-night standoff amid New Year's celebrations near Jakarta, police said Wednesday. *Investors are giving Indian debt a pass, even as policy makers hope to have it included in a global governmentbond index. Global investors yanked a net $8 billion out of Indian debt in 2013, after adding money every year since 2006, according to figures from the Securities & Exchange Board of India. *Michael Schumacher's condition was "stable" Tuesday night and Wednesday morning after the seven-time Formula One race-car champion suffered life-threatening head injuries in a skiing accident in the French Alps, his publicist Sabine Kehm said. *The world economy's most-troubled region in recent years, Eurozone, is likely to grow at least a little in the coming year, extending a recovery that began last summer. However, the slow pace could become a trap. Expected growth of about 1% is too little to bring down mass joblessness, which is testing social and political cohesion in weaker countries, economist said. New York Times*China started levying a consumption tax on imported biodiesel and some types of kerosene from the start of the New Year, the customs office said, a move aimed at curbing imports of the fuels that have taken market share from state refiners. The government imposed a consumption tax of 0.8 yuan ($0.13) per liter on biodiesel, lamp kerosene and other kerosene grades, Chinese customs said on its website. *Irish's Investec Manufacturing Purchasing Managers' Index rose to 53.5 in December from 52.4 in November, moving further above the 50 line dividing growth from contraction and recording the second-highest reading in almost 18 months. *Thailand's largest petrochemical maker, PTT Global Chemical Pcl plans to invest $4.5 billion from 2014 to 2018, mostly on foreign expansion, its chief executive said on Thursday. *India's HSBC Manufacturing Purchasing Managers' Index (PMI), compiled by Markit, which gauges business activity in Indian factories but not its utilities, fell to 50.7 in December from 51.3 in the previous month. *Two members of Iran’s hard-line-dominated Parliament were added to a supervisory council responsible for monitoring the country’s nuclear negotiating team, Iranian news media reported Wednesday. The additions appeared to strengthen the influence of critics of the talks between Iran and world powers. *Ariel Sharon, the former prime minister of Israel who has been comatose for nearly eight years, edged closer to death on Wednesday evening, suffering from kidney failure. For advertisement Contact : mujahid.riceplus@gmail.com +92 321 369 2874 Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874

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