4th march,2014 oryza news by riceplus magazine

4th March , 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

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

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…
o
o
o
o
o
o
o
o
o
o
o
o

Oryza U.S. Rough Rice Recap – Market Steady, Despite Drop In Futures; Iraq Issues New Tender
Oryza Rice Currency Analysis for Today – Political Uncertainty in Ukraine Spurs Flight to Safety
Cambodia Exports 48,573 Tons Rice So Far in This Year
Vietnam to Export 2.5 Million Tons of Rice to Indonesia, Philippines
Indonesia 2013 Paddy Rice Production Estimated at 71.29 Million Tons; Up 3% from Previous Year
Iraq Tenders to Buy Minimum 30,000 Tons of Rice
Government Increases Aman Rice Procurement Target by 33% to 400,000 Tons
Thailand Rice Mortgage Program Ends; Government Still Battling to Raise Funds to Pay Farmers
Egypt Reconsiders Rice Export Ban
Vietnam Exports 637,756 Tons of Rice in January 1 – February 28, 2014; Down 14% from Last Year
South Korea Plans to Liberalize Rice Imports in 2014
Oryza Global Rice Quotes

Cell # 92 321 369 2874

NEWS DETAILS:
Oryza U.S. Rough Rice Recap – Market Steady, Despite Drop In Futures; Iraq Issues
New Tender
Mar 03, 2014

As of today, old crop offers were seen steady near $15.55-$16.11 fob farm (about $343-$355 per ton)
depending on where they are located and how quickly they could ship. Meanwhile, there were 60 new receipt
registrations late on Friday which brought the total amount of receipts on the exchange to 340 (30,940
tons).Bids from larger mills decreased today to around $14.90 per cwt (about $328 per ton) while bids for
exporters could still be found around $15.55 per cwt (about $343 per ton), both for March delivery, although it
was reported that smaller mills were paying as much as $16.25 per cwt (about $358 per ton) for prompt
delivery.In the meantime, the Iraqi Grain Board issued another tender for at least 30,000 tons of rice of either
U.S., Uruguayan, Argentine, or Brazilian origin. Bids need to be submitted no later than March 16th and must
remain valid through March 20th.
Tags: U.S. rice prices, U.S. rice market

Oryza Rice Currency Analysis for Today – Political Uncertainty in Ukraine Spurs
Flight to Safety
Mar 03, 2014

U.S. dollar index was up +0.47% from the open today, when it traded at 80.067 at the close.
Euro was weaker -0.50% by the close, trading around 1.3733 by end of day, after trading between an intraday
high of 1.3793 and low of 1.3726.
Thai baht was stronger +0.08%, trading at 32.535 at the close of business.
Indian rupee was -0.46% weaker at 62.0425.
Brazilian real was unchanged at 2.3443 reais per dollar.
Pakistan rupee was -0.03% weaker at 104.9525.

Cell # 92 321 369 2874

Vietnamese dong was weaker -0.01% at 21103.
Mexican peso was weaker -0.65% today, when it traded at 13.3356 pesos per dollar by the close of business
today.
Chinese yuan was weaker -0.01%, trading at 6.1457.
Argentine peso was unchanged at 7.8715 pesos per dollar.
Tags: foreign exchange rates

Cambodia
Exports
48,573 Tons
Rice So Far in
This Year
Mar 03, 2014

Cambodia
exported
about
48,573 tons rice in
first two months of
calendar
year
2014, down about
2.5% from about
49,815 tons rice
exported
during
same time in last
year, according to
data from the
Secretariat of One
Window Service
of Rice Export
Formality (SOWSREF).Cambodia

Cell # 92 321 369 2874

rice exports in February 2014 reached at about 27,037 tons, up about 25.5% from previous month when
Cambodia exported about 21,536 tons rice and up about 12% from about 24,089 tons rice exported in February
2013. In February 2014, Cambodia exported mainly Jasmine rice (about 14,374 tons) and long grain white rice
(about 7,936 tons).Cambodia’s major rice export destinations so far this year include European nations,
Malaysia, and China.
Tags: Cambodia rice exports

Vietnam to Export 2.5 Million Tons of Rice to Indonesia, Philippines
Mar 03, 2014

Vietnam will export about 1.5 million tons of rice to the Philippines and another 1 million tons of rice to
Indonesia this year, according to local sources.Vietnam’s Trade Minister says that at least 4 million tons of rice
will be exported in government-to-government deals this year to help meet the 7 million tons rice export target
in 2014. Vietnam also supplies 400,000 tons of rice annually to Cuba.Vietnam rice exports stood at around 6.88
million tons in 2013. However, Vietnam rice exports faces higher competition this year due to the end of the
rice mortgage program in Thailand and the Thai government’s target to sell one million tons of rice per month
in 2014. The Vietnam Food Association (VFA) said earlier this year that lower rice export prices, particularly in
India and Thailand, may lead to reduced rice exports by Vietnam this year.
Tags: Vietnam rice exports

Indonesia 2013 Paddy Rice Production Estimated at 71.29 Million Tons; Up 3%
from Previous Year
Indonesia's
paddy
rice
production
increased
to
71.29 million
tons in 2013, up
around
3%
from
around
69.05 million
tons in 2012,
mainly due to
higher
rice
acreage
and
yields,
according to the

Cell # 92 321 369 2874

statistics office in Jakarta.Rice acreage in Indonesia stood at around 13.84 million hectares in 2013, up about
3% from around 13.45 million tons in 2012. Average rice yield increased to around 5.152 tons per hectare in
2013, up about 1.6% from around 5.136 tons per hectare in 2012, the statistics office says.Higher production
helped Indonesia reduce rice imports significantly last year. According to the USDA, rice imports by Indonesia
declined to around 650,000 tons in 2013, down about 67% from around 1.96 million tons in the previous year.
Tags: Indonesia rice production

Iraq Tenders to Buy Minimum 30,000 Tons of Rice
Mar 03, 2014

Iraq is seeking to purchase at least 30,000 tons of long-grain rice from the U.S., Uruguay, Argentina, or Brazil.
The last date for submission of applications is March 16, 22014 and offers must remain valid until March 20,
2014, according to trade sources.
Tags: Iraq rice tender

Government Increases Aman Rice Procurement Target by 33% to 400,000 Tons
Mar 03, 2014

The Bangladesh government has increased the Aman crop (May - December) rice procurement target between
December 1, 2013 and February 28, 2014 by 33% to 400,000 tons to replenish government rice reserves,
according to the Directorate General of Food.Originally the government had set a target of 200,000 tons, but
had revised the procurement target to 300,000 tons in the third week of February 2014. The Directorate General
says the government is procuring rice at Tk30,000 (around $380) per ton, up about 15% from last year's price of
Tk26,000 (around $329) per ton.
According to the Ministry of Food, the government has procured about 273,734 tons of rice as of February 27,
2014, while public rice stocks in Bangladesh stood at 776,200 tons as on February 20, 2014.The Directorate
General of Food also says that Bangladesh will not import rice in 2014 despite low prices in the international
market. Bangladesh Food Ministry data shows that most of the rice imports in the FY 2013-14 (July 2013 - June
2014) are by private traders, who have imported 295,730 tons of rice so far. Bangladesh imported around
18,100 tons during the same period in FY 2012-13, of which 80% was by the private sector. Bangladesh was the
world's fourth largest importer of rice in the FY 2011-12, importing 1.48 million tons of rice in the year,
according to the USDA. However, Bangladesh imported only 28,930 tons of rice in FY 2012-13.The
Bangladesh government is targeting rice production to reach around 35 million tons in FY 2013-14, up about
3% from around 34 million tons produced last year. According to the USDA, Bangladesh’s rice production is
estimated at around 34.59 million tons in MY 2013-14, against a consumption of around 34.6 million tons. Rice
imports are estimated at around 220,000 tons in MY 2013-14.
Tags: Bangladesh rice procurement

Cell # 92 321 369 2874

Thailand Rice Mortgage Program Ends; Government Still Battling to Raise Funds to
Pay Farmers
Mar 03, 2014

Thailand's controversial rice pledging scheme ended on February 28, 201, and cannot be extended until at least
a new government is formed in the country, according to the Caretaker Commerce Minister.According to
unofficial reports from the Internal Trade Department, more than 11 million tons of paddy rice was pledged
under government's pledging program during October 1, 2013 to February 26, 2014. However, farmers are still
waiting for payments. The Election Commission (EC) has approved the government to use 712 million baht
(around $21.8 million) from the Central Budget to pay farmers.
Around 3,900 farmers in five provinces are to be paid in full over the next week, according to the local sources.
However, the EC has still not approved another 20 billion baht (around $613 million) from the Central Budget,
which is required to clear all payments.Thailand farmers now have to sell their paddy at market prices.
According to the Thai Rice Mills Association, the 100% white rice (with 15% humidity) is quoted at around
7,200-8,500 baht (around $221 - $260) per ton, almost half of the pledging price of 15,000 baht (around $460)
per ton.Meanwhile, the Bank of Agriculture and Agricultural Cooperatives (BAAC) President clarified that
forming a Rice Farmers' Fund is legal and does not violate the BAAC royal decree. However, the fund
represents only 20% of 20 billion baht (around $613 million) that has to be paid by the government to the
farmers.Separately, the Director General of the Department of Internal Trade is considering sale of 110,000 tons
of rice worth 1.3 to 1.4 billion baht (around $39.8 - 42.8 million) through the Agricultural Futures Exchange of
Thailand (AFET). The Department is also considering direct sale of 200,000 tons of government stock on
March 12, 2014.
Tags: Thailand rice mortgage program, Rice Farmers' Fund

Egypt Reconsiders Rice Export Ban
Mar 03, 2014

The Egyptian government may allow rice exports once again due to help revive the country’s economy,
according to the newly appointed Supplies Minister.The Supplies Minister told local sources that the
government may reverse its decision over the rice exports ban which was implemented by the previous Supplies
minister in November 2013. The new Supplies Minister says that there are demands for resumption of exports
to help Egyptian rice get access to new markets and to boost the country’s economy.The Egyptian government
suspended rice exports in November 2013 despite having an exportable rice surplus of 800,000 tons a year to
ensure supplies for its food subsidy program. According to the USDA, Egypt’s rice production in MY 2013-14
is estimated at around 4.85 million tons, against a consumption of around 4 million tons.
Tags: Egypt rice exports

Cell # 92 321 369 2874

Vietnam Exports 637,756 Tons of Rice in January 1 – February 28, 2014; Down 14%
from Last Year
Mar 03, 2014

Vietnam
exported about
637,756 tons
of rice during
January 1 –
February 28,
2014,
down
about
14%
from
about
744,279 tons
rice exported
during
the
same time in
last
year,
according to
the
Vietnam
Food
Association
(VFA).
Average
export price in
January 1 February 28,
2014 stands at
about $430 per
ton
(FOB),
which is down
about 3% from
about $444 per
ton recorded in
the
corresponding
period in 2013.
In February
2014, Vietnam

Cell # 92 321 369 2874

exported about 330,501 tons of rice, up about 8% from about 307,255 tons of rice exported in January 2014, but
down about 3% from February 2013, when Vietnam exported about 340,184 tons of rice. Average export price
in February 2014 stood at about $445 per ton, up about 7% from a month ago and up about 3% from year ago
levels.Vietnam's rice exports in February 2014 include: 163,711 tons of 25% broken rice (about 49.53% of total
rice exports in February 2014); 75,922 tons of aromatic rice (about 22.97% of total rice exports in February
2014); 30,474 tons of 15% broken rice (about 9.22% of total rice exports in February 2014) and 29,281 tons
5%-10% broken rice (about 8.86% of total rice exports in February 2014).
Asian countries were the major rice exporting destinations for Vietnam rice in February 2014, accounting for
about 285,539 tons or almost 86.4% of total rice exports. Africa was the second largest destination, accounting
for of about 26,250 tons of rice exports (equivalent to about 8% of total rice exports). Vietnam also exported
10,421 tons of rice to the Middle East, about 4,188 tons of rice to Europe, about 3,374 tons of rice to the
Americas, and about 729 tons of rice to Australia in February 2014, the VFA says.
Tags: Vietnam rice exports

South Korea Plans to Liberalize Rice Imports in 2014
Mar 03, 2014

South Korea is
likely to end its
20-year long rice
import quota and
liberalize
rice
imports in 2014,
according to the
country's
Agriculture
Minister.Currentl
y, South Korea
can import rice
equivalent
to
7.96%
of
country's
total
rice
consumption.
The World Trade
organization
(WTO)
agreement
on

Cell # 92 321 369 2874

current import quotas is scheduled to end this year and the South Korean government has to specify to the WTO
whether it will open the rice market to foreign rice by September 2014.The WTO agreement dates back to 1993
when South Korea was allowed to import 4% of its annual rice consumption. The agreement was extended
another 10 years in 2004 allowing the country to import 7.96% of annual rice consumption. However, the
Agriculture Minister says that the WTO is unlikely to allow further delay in opening its rice market. oreover,
delay in opening the rice market will not benefit South Korea. He says, "If we had switched to opening the rice
market with import tariffs 10 years ago, we would not have had to take on an additional 200,000 tons in import
quota.
”However, the Agriculture Minister says that if government decides to open the rice market, it would set the
import duties between 300% - 500% of import prices. He says that the government prefers higher tariffs, but the
decision over tariffs has to be ratified by the WTO. The Agriculture Minister says the final decision of the
government on the rice import policy will be announced by June 2014.Rice consumption is declining in South
Korea due to changing lifestyles, and the government is trying to reduce rice area to help maintain profits for
rice farmers. According to the USDA, South Korea’s rice imports in MY 2013-14 are estimated at around
410,000 tons, down about 20% from 510,000 tons imported in MY 2012-13. Rice production in 2013-14 is
expected to reach around 4.2 million tons of rice in MY 2013-14, up 6% from 4 million tons in MY 2012-13.
The country's annual rice consumption is estimated at about 4.5 million tons in MY 2013-14, down about 2.5%
from 4.6 million tons in MY 2012-13.
Tags: South Korea rice imports, World Trade Organization (WTO)

Oryza Global Rice Quotes
March 3rd, 2014
Long grain white rice - high quality
Thailand 100% B grade
440-450
Vietnam 5% broken 395-405
↔
India 5% broken
415-425
↔
Pakistan 5% broken 395-405
↔
Cambodia 5% broken 450-460
↔
U.S. 4% broken
575-585
↔
Uruguay 5% broken 625-635
↔
Argentina 5% broken 625-635
↔
Long grain white rice - low quality
Thailand 25% broken 350-360
↔
Vietnam 25% broken 370-380
↔
Pakistan 25% broken 350-360
↔
Cambodia 25% broken
420-430
India 25% broken
360-370
↔

↔

↔

Cell # 92 321 369 2874

U.S. 15% broken

550-560

↔

Long grain parboiled rice
Thailand parboiled 100% stxd
460-470
Pakistan parboiled 5% broken stxd 405-415
India parboiled 5% broken stxd
400-410
U.S. parboiled 4% broken
660-670
↔
Brazil parboiled 5% broken 590-600
↔
Uruguay parboiled 5% broken
NQ ↔
Long grain fragrant rice
Thailand Hommali 92%
955-965
Vietnam Jasmine
515-525
↔
India basmati 2% broken
1515 -1525
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Malis 885-895
↔
Brokens
Thailand A1 Super
310-320
↔
Vietnam 100% broken
355-365
Pakistan 100% broken stxd 320-320
Cambodia A1 Super 350-360
↔
India 100% Broken stxd
300-310
Egypt medium grain brokens NQ ↔
U.S. pet food 470-480
↔
Brazil half grain
345-355
↔

↔
↔
↔

↔
↔

↔
↔
↔

Medium grain milled
U.S. Calrose 4% broken
620-630
↔
Egypt medium grain 6%
NQ ↔
All prices USD per ton, FOB vessel, oryza.com

Advertising SPECS & RATES
Contact: Advertising Department
Mujahid Ali
mujahid.riceplus@gmail.com
+92 321 369 2874

Cell # 92 321 369 2874

4th march,2014 oryza news by riceplus magazine

Recommended

Recommended

More Related Content

Recently uploaded

Recently uploaded (20)

Featured

Featured (20)

4th march,2014 oryza news by riceplus magazine