6th February , 2014

Share developments
in RICE
and allied sectors,
Promote the Concept of
Knowledge Economy
Dear Sir/Mada...
10000+ stakeholders of rice industry read & apply various ideas
and analysis written by the authors.
Be the part of Rice p...
 Oryza Afternoon Recap – Chicago Rough Rice Futures Continue to Slip, but Fail to Mark Fresh Low as
Firmer Grains Provide...
After a 3%
decline in 2013,
global rice trade
is expected to
rebound
to
around
38.6
million tons in
2014, up about
1.3 mil...
Iraq Purchases 100,000 Tons of Rice from Argentina, Uruguay
Feb 05, 2014

Iraq has purchased around 100,000 tons of rice, ...
uncertainties in supplies in the last two months. Labor cost, which increased during the Aman season (May –
December), is ...
data from 2012 and 2013 show, Cambodia’s rice exports in January are lower than the year’s average and
shipments typically...
lower, and corn is noted about 0.4% lower.U.S. stock index futures signaled a lower open on Wednesday, as
Wall Street cons...
Indonesia State Audit Board to Investigate Non-Specialty Vietnam Rice Imports
Feb 05, 2014

Indonesia's State Audit Board ...
Asia Rice Quotes Unchanged Today
Feb 05, 2014

Thailand and India rice sellers kept their quotes mostly unchanged today. V...
The Cabinet decision is likely to invite severe criticism as the country is grappling with the issue of rice
smuggling and...
driving the market in their favor. Technically the short term trend continues to call for lower prices, as
confirmed by th...
By the end of this year another five integrates mills will be commissioned and the country will be able to mill
1.2 millio...
Myanmar Ships 6,000 Ton Rice to Japan, Targets Higher Exports
Feb 05, 2014

Myanmar’s Agribusiness Public Corporation (MAP...
*Microsoft has named India - born, Satya Nadella, an executive in charge of the company's small, but growing
business of d...
prolonged recession. The Markit/ADACI Business Activity Index, which covers companies from cafes to
insurers, rose to 49.4...
Brazil parboiled 5% broken 590-600
Uruguay parboiled 5% broken
NQ
Long grain fragrant rice
Thailand Hommali 92%
945-955
Vi...
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Transcript of "6th february,2014 daily exclusive rice e newsletter by riceplus magazine"

  1. 1. 6th February , 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
  2. 2. 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…               Oryza U.S. Rough Rice Recap – Warehouse Receipts Canceled as Offers Continue to Increase Global Rice Trade to Recover 4% in 2014 to 38.6 Million Tons, IGC Says Iraq Purchases 100,000 Tons of Rice from Argentina, Uruguay Italy Considers New Bill for Rice Labeling Bangladesh Rice Farmers Concerned Over Increasing Production Costs Cambodia Ships 21,536 Tons of Rice in January 2014; Thailand Missing from the Destination Roster FAO Aromatic Rice Price Index Declines 1.5% Month-on-Month in January 2014 Oryza Overnight Recap – Chicago Rough Rice Futures Lower as Technical Outlook Remains Negative and as Bearish Grains Exert Downward Pressure Thailand Rice Farmers Want Extension of Debt-Moratorium, Demand Rice Clearance Sales Indonesia State Audit Board to Investigate Non-Specialty Vietnam Rice Imports Thailand Rice Pledging Scheme a Boon for Myanmar Rice Smugglers? Asia Rice Quotes Unchanged Today Philippines Government to Shift Focus from Rice Self-Sufficiency to High-Value Crops Laos Second Rice Crop behind Target 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.  Oryza Afternoon Recap – Chicago Rough Rice Futures Continue to Slip, but Fail to Mark Fresh Low as Firmer Grains Provide outside Support  Nigeria Government Rice Production Policy is Best Ever, Says Former Attorney General  Oryza Rice Currency Analysis for Today – Argentine Peso Up 1.4%  Myanmar Ships 6,000 Ton Rice to Japan, Targets Higher Exports  Oryza Quick Glance at World News  South Korea Tenders to Buy 78,334 Tons of Rice  Oryza Global Rice Quotes NEWS DETAILS: Oryza U.S. Rough Rice Recap – Warehouse Receipts Canceled as Offers Continue to Increase Feb 05, 2014 The U.S. cash market was mostly quiet today with sellers holding out for better prices, hoping that fresh demand to show up and drive prices higher, however most buyer remain reluctant to pay up. Meanwhile, the cost of loading out warehouse receipts for some buyers is currently less than most offers from farmers, and as a result, there were 8 warehouse receipts canceled overnight leaving only 187 on the exchange (17,017 tons). As of today, old crop offers could still be found around $15.55 fob farm (about $343 per ton) although most farmers are looking to net $16.11 per cwt fob farm (about $355 per ton) or higher. Bids from larger mills were unchanged today to around $14.85 per cwt (about $327 per ton) while bids for exporters could still be seen near $15.55 per cwt (about $343 per ton), both for February through March delivery, although smaller mills were still reported to be bidding as high as $16.00-$16.25 per cwt (about $359 per ton) for prompt delivery although no trades were reported. Tags: U.S. rice prices, U.S. rice market Global Rice Trade to Recover 4% in 2014 to 38.6 Million Tons, IGC Says Feb 05, 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
  4. 4. After a 3% decline in 2013, global rice trade is expected to rebound to around 38.6 million tons in 2014, up about 1.3 million tons or 4% from the previous year’s 37.3 million tons, according to the Londonbased International Grains Council (IGC).IGC says global rice trade will receive a boost in 2014 due to higher shipments to Far East Asia (mainly China, Indonesia, the Philippines, South Korea, Bangladesh, Japan, and Malaysia). Rice exports to Far East Asia are forecast to increase around 15% y/y to about 11.5 million tons in 2014, up from around 11 million tons in the previous year. IGC says, China is expected to buy around 2.6 million tons in 2014 (up from 2.5 million in 2013) and double the prior five-year average of 1.3 million tons. Indonesia’s rice imports are forecast to increase by 500,000 tons or about 71% to around 1.2 million tons in 2014 mainly due to government efforts to build rice reserves. In the Philippines, rice imports are projected to reach around 1.6 million tons in 2014, up about 128% from around 700,000 tons of rice imports last year.Among exporters, India is likely to be the top rice exporter again in 2014, but shipments are expected to decline to around 9.3 million tons, down about 10% from an estimated 10.4 million tons in 2013 mainly due to the introduction of the National Food Security Act. Vietnam’s rice exports in 2014 are expected to recover to around 7.3 million tons in 2014, up about 9% from around 6.7 million tons in 2013. Thailand’s rice exports are expected to recover by more than 20% y/y in 2014 to around 8.2 million tons, compared to around 6.7 million tons in 2013. Pakistan’s rice exports are unlikely to change from 2013 levels of around 3.2 million tons, while U.S. rice exports are expected to increase by around 200,000 tons y/y to around 3.4 million tons, IGC says. Global rice production is expected to reach around 470 million tons in 2014, slightly more than the previous year’s 469.4 million tons, while global rice consumption in 2014 is forecast at 471.4 million tons, up about 1% from an estimated 467 million tons in 2013. Ending stocks in 2014 are expected to reach around 107.9 million tons, down about 1.5% from beginning stocks of around 109.5 million tons. Tags: Global rice trade, global rice production, International Grains Council (IGC) 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. Iraq Purchases 100,000 Tons of Rice from Argentina, Uruguay Feb 05, 2014 Iraq has purchased around 100,000 tons of rice, including about 70,000 tons of rice from Argentina and about 30,000 tons of rice from Uruguay. Italy Considers New Bill for Rice Labeling Feb 05, 2014 A new bill is under review for updating the labeling system for Italy’s rice. The bill could be approved by Italian Parliament within the month of February following a recent meeting in Milan, at Ente Nazionale Risi, the National agency for rice.Local sources say the existing bill needs to be updated since it dates back to 1958, but an agreement has not yet been reached within the Italian rice industry. The struggle, local sources say, rages between millers on one side, and seed breeders and one of the national agricultural associations that include also rice growers on the other. In the middle, two of the other agricultural unions, Cia and Coldiretti, are trying to reconcile the different positions. The old bill requires millers to label packaging with the selling name designated for each variety: these names are fixed by the Parliament. However, the list for labeling has not been updated regularly, and as a result, there are varieties being used on labels which are not even grown at this time. A draft of the bill proposes two different lists of names: 1) traditional varieties, consisting of about 8, including the most popular/familiar with customers, and 2) international rice names, such as long, round, medium, to be voluntarily accompanied by the name of the variety. Millers want to follow this path, but a part of the growers and seed breeders fear that this could reduce quality and destroy Italian tradition since they say the move away from the current system will reduce the need for certified seeds.A version of the bill, now suspended, has even been inserted in a draft of the Legge di stabilità, one of the most important economical bills of the Italian State, but is still being discussed. Tags: italy rice production, rice marketing Bangladesh Rice Farmers Concerned Over Increasing Production Costs Feb 05, 2014 Rice farmers in Bangladesh are worried their returns may shrink in this year due to rising production costs and higher supplies.Rice farmers in Bangladesh say they received an average of around Tk 1,450 (around $190) per ton against their investment of around Tk 1,500 (around $196) per ton in the last Boro (main crop, November May) season. This year, farmers fear returns could drop further due to high production costs which could push Boro crop production costs by at least 20-30% this year. According to the country's Department of Agriculture Extension (DAE), fertilizer costs have gone up around 25% from Tk 16,000 (around $200) per ton to about Tk 20,000 - Tk 22,000 (around $250 - $280) per ton due to 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. uncertainties in supplies in the last two months. Labor cost, which increased during the Aman season (May – December), is still high and the farmers are concerned about paying higher costs both during the plantation period and the harvesting period. Seeds costs stand at around Tk 360 per 10 kilograms (around $470 per ton), which is about 44% higher than last year’s price of Tk 250 per 10 kilograms (about $327 per ton), and farmers have to pay 30-40% more for the irrigation pumps owners.Meanwhile supplies are likely to increase this year. According to the DAE, the 2014 Boro production target stood at 18.9 million tons from an area of 4.8 million hectares, but the Boro transplantation is running much faster than usual. About 50% of the transplantation target of Boro paddy is complete so far this season when only 40% was covered during the same period last year. The DAE says that 420,000 hectares of seedbeds have been prepared against the target of 400,000 hectares.Bangladesh economists say the government should procure at least 1.5 million tons of rice in this season to ensure that farmers are not affected by low prices and high production costs. According to local sources, the government procured about 800,000 tons of Boro rice in 2013 against a target of around one million tons. Tags: Bangladesh rice production, Bangladesh rice prices, Bangladesh rice procurement Cambodia Ships 21,536 Tons of Rice in January 2014; Thailand Missing from the Destination Roster Cambodia shipped 21,536 tons of rice in January 2014, according to data from the Secretariat of One Window Service of Rice Export Formality (SOWS-REF). This is slightly behind last year’s average rice export shipment pace of about 31,000 tons per month when Cambodia shipped 378,856 tons of rice in all of 2013; however, as 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. data from 2012 and 2013 show, Cambodia’s rice exports in January are lower than the year’s average and shipments typically rise as the calendar year progresses. Nearly half of the rice shipped in January was Jasmine rice and the five biggest destinations were France, the Netherlands, Poland, Malaysia, and Gabon. Interestingly, Thailand did not make the list of top 32 destinations, suggesting export flows to Thailand have slowed amid news the Thai rice mortgage scheme will end at the end of February 2014. In 2013, Thailand was the sixth highest destination market for Cambodian rice, importing about 23,550 tons of rice via official channels, in addition to unknown amounts of rice and paddy via unofficial cross border channels. Tags: cambodian rice exports FAO Aromatic Rice Price Index Declines 1.5% Month-on-Month in January 2014 Feb 05, 2014 The FAO rice price sub-index for aromatic rice in January 2014 stood at 263 points, down 4 points or about 1.5% from 271 points in December 2013.According to the FAO, average export prices of Thailand fragrant rice stood at around $1,146 per ton in January 2014, down about 1.5% from around $1,163 per ton in December 2013. Average Pakistan basmati rice export price declined to $1,396 per ton in January 2014, down about 1% from $1,411 per ton in December 2013. The Indica high quality sub-index declined by 2 points to 212 in January 2014, down from 214 points in December 2013, and the Indica low quality sub-index declined to 198 points in January 2014, down about 4% from 206 points in December 2013. The Japonica sub-index remained at December 2013 level of 226 points.Average rice export price of Vietnam 5% rice in January 2014 stood at around $401 per ton, down 5.4% from $424 per ton in December 2013, while Thailand 5% rice prices declined by $2 to $449 per ton in January 2014,down from $451 per ton in December 2013. Thailand rice export prices for other varieties also declined in January 2014. Thailand Parboiled 100% rice export prices declined by $3 to $459 per ton in January 2014 from $466 in December 2013, and white 100% B Second grade rice export prices declined by $4 to $455 per ton in January 2014 from $459 in December 2013. India 25% export prices declined by about 2.4% to $373 per ton in January 2014 from $382 in December 2013.Overall rice price index in January 2014 stood at 223 points, down by 2 points from 235 points in December 2013. Tags: FAO Rice Price Index Oryza Overnight Recap – Chicago Rough Rice Futures Lower as Technical Outlook Remains Negative and as Bearish Grains Exert Downward Pressure Feb 05, 2014 Chicago rough rice futures for March delivery are currently paused 4.5 cents per cwt (about $1 per ton) lower at $15.315 per cwt (about $338 per ton) as of 8:00am Chicago time. The other grains are seen lower this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.2% lower, wheat was paused about 0.6% 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
  8. 8. lower, and corn is noted about 0.4% lower.U.S. stock index futures signaled a lower open on Wednesday, as Wall Street considered the ADP employment report, which comes ahead of the government's nonfarm payrolls report, out on Friday. Automatic Data Processing published its January report on private sector employment, with 175,000 jobs created during the month. Economists polled by Reuters had forecast 180,000 jobs were created during the month, down from 238,000 in December. The ISM non-manufacturing index, which tracks monthly changes in the services sector, will be released at 10:00 a.m. Analysts surveyed by Reuters predict activity crept up to 53.5 in January, from 53.0. Any reading above 50 indicates expansion. After an exceptionally weak start to February, Wall Street closed higher on Tuesday helped by some encouraging earnings and a steadier tone in emerging market currencies. The uptick in the U.S. helped boost European and Asian shares early on Wednesday. U.S. stock index futures are currently trading about 0.2% lower, gold is currently trading about 1.2% higher, crude oil is seen trading about 0.8% higher, and the U.S. dollar is currently trading marginally lower at 8:00am Chicago time. Tags: chicago rough rice futures Thailand Rice Farmers Want Extension of Debt-Moratorium, Demand Rice Clearance Sales Feb 05, 2014 Thailand rice farmers have urged the Caretaker government to extend the debt-moratorium, which it offered in 2011 when the great flood hit all regions of the country, by another three years, according to a local daily.Chairman of the Thai Farmers Association said that he and co-leaders of rice grower's groups nationwide will submit a letter to the Caretaker government and the Bank of Agriculture and Agricultural Cooperatives (BAAC) requesting a further debt moratorium. An extended debt moratorium would offer alternative means of protecting farmers from further financial burdens, he added.Rice farmers are also demand that the government should sell rice from its stockpiles even at lower prices to generate money to pay them. Farmer groups protesting on highways say they know that the government does not have money to pay them and also has limited powers to raise further funds, but must protest to let the government understand that farmers do not have money to invest in the next crop. They also warned that if the stock pile of nearly 18 million tons of rice is not cleared, the prices for next crop would be seriously impacted. One of the farmer groups’ leader urged the BAAC to allow farmers to borrow against their pledging contracts as promised and said the BAAC could deduct their dues once the money is transferred.The caretaker government is planning to sell around 400,000 tons of different grades of rice in an auction this week at a median price based on the global rice price. The government sold around one million tons of rice in January 2014, of which around 860,000 tons were sold to private players who had export orders and another 110,000 tons were sold through the Agricultural Futures Exchange of Thailand. However, the recent cancellation of a contract to sell 1.2 million tons to China has dealt a blow to the Caretaker government plans to raise funds to pay farmers. Tags: Thailand rice mortgage program 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. Indonesia State Audit Board to Investigate Non-Specialty Vietnam Rice Imports Feb 05, 2014 Indonesia's State Audit Board (BPK) says it will investigate the controversial import of about 16,000 tons of non-specialty rice from Vietnam last year from all perspectives, according to local sources.The BPK audit team will investigate the matter from three angles - whether or not the 16,000 tons of rice were imported legally; whether or not the rice import led to state losses; and whether or not the regulations of the trade and agriculture ministries were correlated, according to a BPK member. Although the Trade Ministry stated that it issued the import permit based on a recommendation from the Agriculture Ministry, the BPK member says that the Agriculture Ministry denied issuing any such recommendation. Indonesia's Trade Minister, who resigned from his position on January 31 citing interest to take part in the Democratic Party presidential convention, said the issue of imports was politicized and he was ready to face BPK questioning. “There are many aspects in the rice importation case that are political, one of which was connected to my resignation as a trade minister,” he stated.The Trade Minister resigned last week, after the country's Chief Economic Minister ordered the Trade Ministry and the Agriculture Ministry to investigate the alleged abuse of rice import permits. The Chief Economic Minister clarified that only Bulog is permitted to import non-specialty rice and the government had never issued a permit for individuals to import rice. Since the Vietnamese rice complied with all standing procedures and rules, the Chief Economic Minister said the import permits could have been abused. The BPK may also investigate the case from this angle. Tags: Indonesia rice imports Thailand Rice Pledging Scheme a Boon for Myanmar Rice Smugglers? Feb 05, 2014 Thailand's rice pledging scheme has benefited smugglers from the neighboring Myanmar, according to local sources.The rice pledging scheme has proved very costly to Thailand's tax payers, but is attractive to the rice smugglers in Myanmar’s border town, Myawaddy. Smugglers there are taking advantage of the substantially higher grain prices in Thailand. According to local sources, while the smugglers get about $520 for per ton for rice in Myawaddy, they get around $920 per ton in Thailand. Rice smugglers from Myawaddy reportedly bring loads of rice, which they describe as chicken feed, in boats through the Moei River that separates Myawaddy in Myanmar from the neighboring Thai town of Mae Sot. The smuggled rice is entering the Thailand town with the knowledge of Myanmar soldiers, sources say. Local Myanmar smugglers are not afraid of being caught and they give a share of their earnings to the army officials as bribe.It is estimated that nearly 750,000 tons of rice was smuggled into Thailand last year. Thailand authorities know about rice smuggling, but they say that rice smuggling cannot be monitored as only 59 officials are policing over almost 340 miles of the border. Tags: Thailand rice mortgage program, myanmar rice exports, Rice smuggling 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. Asia Rice Quotes Unchanged Today Feb 05, 2014 Thailand and India rice sellers kept their quotes mostly unchanged today. Vietnam and Pakistan rice sellers are out today due to a holiday. 5% Broken Rice Thai 5% rice (of new crop) is quoted around $435 - $445 per ton, about a $35 per ton premium over Viet 5% rice last shown around $400 - $410 per ton. Indian 5% rice is quoted around $410 - $420 per ton, about a $20 per ton premium over Pak 5% rice last quoted around $390 - $400 per ton. 25% Broken Rice Thai 25% rice (of new crop) is quoted about $390 - $400 per ton, about a $15 per ton premium over Viet 25% rice last shown around $375 - $385 per ton. Indian 25% rice is quoted about $355 - $365 per ton, about a $10 per ton premium over Pak 25% rice last quoted around $345 - $355 per ton. Parboiled Rice Thai parboiled rice of the old crop is quoted around $455 - $465 per ton. Indian parboiled rice is quoted around $395 - $405 per ton, about $10 per ton discount to Pak parboiled rice last quoted around $405 - $415 per ton. 100% Broken Rice Thai broken rice, A1 Super, of the old crop is quoted around $310 - $320 per ton, about a $45 per ton discount to Viet broken rice last shown around $355 - $365 per ton. Indian broken sortexed rice is quoted about $295 - $305 per ton, about a $25 per ton discount to Pak broken sortexed rice last quoted around $320 - $330 per ton. Tags: Asia rice quotes, Pakistan rice quotes, Thailand rice quotes, Vietnam rice quotes, India rice quotes Philippines Government to Shift Focus from Rice Self-Sufficiency to High-Value Crops Feb 05, 2014 The Philippines government is planning to shift its focus from rice self-sufficiency to encourage farmers to grow alternative, high-value crops, according to local sources.The Cabinet has taken the decision to increase productivity of the entire agricultural sector and there would be no singular focus to increase productivity of rice lands alone, according to the Communications Secretary. He says, “By itself, the rice self-sufficiency target is a worthy objective, but it cannot also by itself increase the productivity of the entire agricultural sector.” The Chairperson of the Senate Committee on Agriculture and Food supports the government's decision and says planting of alternative, high-value crops would boost agricultural production and eventually increase the income of farmers. 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. The Cabinet decision is likely to invite severe criticism as the country is grappling with the issue of rice smuggling and imports over one million tons of rice yearly. Already a farmers' group has cautioned the government that shifting the focus from rice self-sufficiency policy would lead to heavy rice importation and smuggling. Some opposition party members say a shift in the rice self-sufficiency policy would be counterproductive and would work towards restoring the National Food Administration’s (NFA) monopoly on the country's importation of rice.In response, the Communications Secretary clarified that the government was not abandoning the rice sufficiency policy but was only shifting the focus towards high-value crops. He also said that the government would set up courts for tax evasion and smuggling cases. Earlier this week, the Indonesian Agricultural Professor Dr. Sjarifudin Baharsjah urged the Philippines government to continue the rice-sufficiency policy but redefine it by considering the availability of natural resources and poverty levels in the country. The Philippines government missed its target of rice selfsufficiency by 3% in 2013 after typhoon Santi devastated Central Luzon during the harvest season last year.The USDA estimates rice production in the Philippines to reach around 11.64 million tons in the MY 2013-14, about 2% more than 11.43 million tons in the MY 2012-13. The USDA estimates the country to import about 1.2 million tons of rice in MY 2013-14, around 14% less than 1.4 million tons in the MY 2012-13. Tags: Philippines self sufficiency in rice, Shift to high value crops Laos Second Rice Crop behind Target Feb 05, 2014 Laos wrapped up its main (wet season) rice crop in December and in January planted its second (dry season) rice crop. However the current crop is behind schedule and acreage may be lower than last year due to farmers planting alternative crops - watermelons, beans, eggplants, tomatoes, and chilies, according to the state-run newspaper Vientiane Times, in hope of higher returns compared to rice. Budget problems have left many irrigation systems in poor condition after destructive floods last year, according to local sources. The Ministry of Agriculture and Forestry in Laos reports farmers have only planted about 44,100 hectares of rice so far this season, down from a target of 126,000 hectares. Annual rice acreage in Laos is about 870,000 hectares, according to the USDA. Laos produced about 3.5 million tons of paddy in 2013, according to FAO; the USDA estimates Laos’s 2013 paddy production much lower at about 2.4 million tons in 2013. Tags: Laos rice production Oryza Afternoon Recap – Chicago Rough Rice Futures Continue to Slip, but Fail to Mark Fresh Low as Firmer Grains Provide outside Support Feb 05, 2014 Chicago rough rice futures for March delivery settled 4 cents per cwt (about $1 per ton) lower at $15.320 per cwt (about $338 per ton). Rough rice futures saw increased activity again today, with the bears ultimately 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. driving the market in their favor. Technically the short term trend continues to call for lower prices, as confirmed by the negative slope of the faster moving 20-day and 50-day moving averages. However, the market was unable to break below yesterday’s session low of $15.285 per cwt (about $337 per ton), a sign that a near-term low may have been put in place on Monday at $15.250 per cwt (about $336 per ton). A crossing below this level would be seen as a further bearish development and would indicate that prices should move to test multi-week lows near $15.200 per cwt (about $335 per ton). Today’s losses were also likely limited by a mostly firmer grain complex; soybeans closed about 0.2% higher at $13.1625 per bushel; wheat finished about 0.5% higher at $5.8750 per bushel; and corn finished the day about 0.3% higher at $4.4325 per bushel.U.S. stocks turned mixed on Wednesday as a better-than-expected report on the service sector helped neutralize data that had companies adding slightly fewer employees to their payrolls than anticipated in January. Private employers added 175,000 jobs in January, slightly below the gain of 180,000 estimated by analysts. December's increase in jobs was revised lower to 227,000 from an initial 238,000. The report comes two days before the government's nonfarm payroll report, a gauge that includes public and private-sector employment. The Institute for Supply Management's non-manufacturing index for January came in at 54.0, showing expansion at a more rapid rate in January. Erasing losses that had it down 104 points early on, the Dow Jones Industrial Average was lately mildly higher, up 0.1%. The S&P 500 was little changed, with telecommunications hardest hit and technology faring best among its 10 major sectors. The Nasdaq lost 0.3%. The Federal Reserve Bank of Philadelphia President said Wednesday he anticipates the U.S. economy will expand 3% this year as the unemployment rate declines to 6.2% by the end of 2014, justifying a faster tapering of the central bank's monthly asset purchases. Gold is trading about 0.5% higher, crude oil is seen trading about 0.2% higher, and the U.S. dollar is seen trading about 0.1% lower at about 1:00pm Chicago time.Tuesday, there were 606 contracts traded, down from 2,035 contracts traded on Monday. Open interest – the number of contracts outstanding – on Tuesday increased by 92 contracts to 8,121. Tags: U.S. rice prices, U.S. rice market, chicago rough rice futures Nigeria Government Rice Production Policy is Best Ever, Says Former Attorney General Feb 05, 2014 The Federal Government of Nigeria has the best rice production policy in the country's history, according to the former Minister of Justice and Attorney General of the Federation, Michael Aondoakaa.Aondoakaa, who is also the Secretary of the Rice Processors Association of Nigeria (RIPAN), says the successes recorded in the country's rice production sector are unprecedented. The government's policies are articulate and well-defined, and the government's Agricultural Transformation Agenda (ATA) helped increase the number of integrated mills in Nigeria from one to 15 through the Growth Enhancement Support (GES) scheme, he says. 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
  13. 13. By the end of this year another five integrates mills will be commissioned and the country will be able to mill 1.2 million tons of rice yearly, he adds.Aondoakaa’s comments come amid criticism of the government for its rice policy. The government is targeting self-sufficiency in rice production and to completely ban rice importation in 2015. However, farmers and other stakeholders in the rice industry want the government to postpone the import ban deadline from 2015 to 2109. They say that the country is not ready to produce sufficient rice to meet consumption requirements of Nigeria and a ban on imports would be counterproductive to the country's economy. Some of the government’s policies like hiking import duties to discourage rice imports were criticized as they led to rice smuggling through land borders. According to the USDA, Nigeria’s rice imports in the MY 2013-14 are estimated to reach around 3 million tons, up about 3.4% from about 2.9 million tons in the MY 2012-13. This is mainly because the projected increase in rice production in the MY 2013-14 falls short of consumption requirement. According to the USDA, Nigeria’s rice production in 2013-14 is expected to reach around 2.7 million tons, up about 12.5% from previous year's production of about 2.4 million tons. However, rice consumption in Nigeria is projected to increase to around 6 million tons in 2013-14, up about 11% from around 5.4 million tons in the previous year. Tags: Nigeria rice production. Nigeria rice imports Oryza Rice Currency Analysis for Today – Argentine Peso Up 1.4% Feb 05, 2014           U.S. dollar index was down -0.09% from the open today, when it traded at 81.043 at the close. Euro was stronger +0.11% today by the close, trading around 1.3533 by end of day, after trading between an intraday high of 1.3555 and low of 1.3499. Thai baht was weaker -0.04%, trading at 32.764 at the close of business. Indian rupee was weaker -0.07% at 62.5800. Brazilian real was +0.13% stronger than the open at today’s close, when it ended at 2.4024 reais per dollar. Pakistan rupee was -0.03% weaker at 105.4675. Vietnamese dong was unchanged at 21060. Mexican peso was +0.36% stronger today, when it traded at 13.2745 pesos per dollar by the close of business today. Chinese yuan was stronger +0.02%, trading at 6.0602. Argentine peso was +1.36% stronger, trading at 7.9000 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
  14. 14. Myanmar Ships 6,000 Ton Rice to Japan, Targets Higher Exports Feb 05, 2014 Myanmar’s Agribusiness Public Corporation (MAPCO) has announced that it will export 6,000 tons of rice to Japan in May. The rice has already been awarded in a tender and is the second shipment for Japan from Myanmar. Myanmar is trying to grow higher quality rice in efforts to export more to Japan, China, and Africa. They are also exporting rice to the EU due to favorable tariffs and regulations.Last year, MAPCO exported 5,000 tons of high-quality rice to Japan, and that was the first time Myanmar exported to Japan in 45 years. Tags: Myanmar’s Agribusiness Public Corporation (MAPCO) Oryza Quick Glance at World News Feb 05, 2014 Financial Times *The U.S. budget deficit will fall to 3% of economic output this year, close to the pre-crisis norm, the Congressional Budget Office said, though it dealt a blow to the White House on the economic impact of “Obamacare” by estimating that the health reform law would result in 2.5 million fewer jobs over the coming decade. *Morgan Stanley has been forced to restate its fourth-quarter earnings after agreeing a $1.3 billion settlement with a U.S. regulator over $11 billion in mortgage-backed securities it sold to Fannie Mae and Freddie Mac. *Standard & Poor’s has stripped Puerto Rico of its investment grade status, saying the debt-laden island is suffering from liquidity constraints because of its limited access to capital markets. S&P lowered the rating on Puerto Rico’s general obligations by one notch to BB+ from BBB-. *Russian billionaire Leonid Lebedev has filed a $2 billion lawsuit against Viktor Vekselberg and Len Blavatnik, alleging that he was a secret shareholder in an oil venture that became part of TNK-BP and later Rosneft through a $55 billion deal last year. *Indonesia’s GDP rose 5.78% in 2013, after a 6.23% increase in 2012, marking the slowest growth since 2009, the statistics bureau said on Wednesday, as the end of a commodities boom undermined exports and higher interest rates dragged on consumption. *Standard & Poor’s revealed on Tuesday it had been notified by Corte dei Conti that credit rating agencies may have acted illegally and opened themselves up to damages of €234 billion, in part by failing to consider Italy’s rich cultural history when downgrading the country. *India's service sector continued to slow for a seventh straight month in January, although it ticked up slightly from 46.7 in December to 48.3, throwing a spotlight on the difficulties facing the Reserve Bank of India. *Consumer prices in the Philippines are becoming more concerning each month. New data shows monthly CPI rose 0.7% in January, ahead of forecasts at half a percent. That pushes annual CPI to 4.2% - the highest rate since late 2011 and double the 2.1% pace in the summer. Wall Street Journal 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
  15. 15. *Microsoft has named India - born, Satya Nadella, an executive in charge of the company's small, but growing business of delivering software and services over the Internet, as its new CEO. Company founder Bill Gates is leaving the chairman role for a new role as technology adviser. *The Lancet medical journal said in a study published Wednesday that a strain of the H10N8 avian flu had mutated and can now be carried by humans. The study followed findings by Chinese researchers that the H10N8 flu had been found in two people in recent months. *Thailand's embattled Prime Minister Yingluck Shinawatra on Tuesday confronted a legal challenge to nullify weekend elections, while a scrapped rice deal dealt a blow to her effort to maintain support from farmers. *Prospects for ending Ukraine's political crisis looked dim on Tuesday, as the president's allies and critics could not agree on moves toward creating a coalition government ahead of meetings with a top European official. *EU regulators Tuesday opened an in-depth probe into the restructuring plans of Cyprus's struggling national flag carrier, Cyprus Airways Public Ltd. The European Commission, the EU's executive, said it would look into whether an aid package of €102.9 million ($139.2 million) was in line with EU state aid rules and whether the plan would allow the airline to survive without continued state support. *The U.S. Treasury Department took a first step Tuesday to avoid breaching the government's debt ceiling once the suspension of the borrowing limit is lifted Friday. The Treasury said it would suspend sales of state and local government series securities as of Friday. The move does not increase headroom under the ceiling, but it stops the Treasury from amassing new public debt. *Edward Snowden, the former National Security Agency contractor who leaked information about the agency's surveillance program, targeted Booz Allen Hamilton Inc. for employment because of its access to national security contracts, a company vice chairman said Tuesday. *The two Koreas agreed on Wednesday to hold the first reunion of families separated by the Korean War in over three years later this month, potentially reviving the stalled humanitarian program. New York Times *Philippines President Benigno S. Aquino III called on Tuesday for nations around the world to do more to support the Philippines in resisting China’s assertive claims to the seas near his country, drawing a comparison to the West’s failure to support Czechoslovakia against Hitler’s demands for Czech land in 1938. *Business leaders have pledged more than $750 million as part of a White House initiative to strengthen access to technology for 99% of students within five years, President Obama announced on Tuesday. *Senior Sri Lankan government officials and military officers may bear criminal responsibility for war crimes and crimes against humanity committed during an offensive near the end of the island’s civil war, according to a new investigation that backs calls for an international inquiry into those events. *Four bombs struck near Baghdad's heavily fortified "Green Zone" and a busy square in the center of the capital on Wednesday, killing at least 13 people, security sources said. *India's parliament opened its last session before a general election on Wednesday only to adjourn after a few hours of rowdy debate over the creation of a new state, with the pressing issue of corruption pushed into the background. *Italy's service sector shrank for the third month running in January but was closer to growth than expected, a survey showed on Wednesday, suggesting the euro zone's third-largest economy may be turning around after a 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
  16. 16. prolonged recession. The Markit/ADACI Business Activity Index, which covers companies from cafes to insurers, rose to 49.4 from December's 47.9, leaving it just below the 50 mark separating growth from contraction. Tags: World news South Korea Tenders to Buy 78,334 Tons of Rice Feb 05, 2014 South Korea is seeking to purchase around 78,334 tons of non- glutinous rice in an international tender. The last date for submission of applications is February 20, 2014. Delivery of 57,222 tons of rice is expected by May 31, 2014, and the remaining 21,112 tons by June 30, 2014. Tags: South Korea rice tender Oryza Global Rice Quotes February 5th, 2014 Long grain white rice - high quality Thailand 100% B grade 450-460 Vietnam 5% broken 400-410 ↔ India 5% broken 410-420 ↔ Pakistan 5% broken 390-400 ↔ 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 390-400 ↔ Vietnam 25% broken 375-385 ↔ Pakistan 25% broken 345-355 ↔ Cambodia 25% broken 420-430 India 25% broken 355-365 ↔ U.S. 15% broken 550-560 ↓ ↔ ↔ Long grain parboiled rice Thailand parboiled 100% stxd 455-465 Pakistan parboiled 5% broken stxd 405-415 India parboiled 5% broken stxd 395-405 U.S. parboiled 4% broken 660-670 ↔ ↔ ↔ ↔ 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
  17. 17. Brazil parboiled 5% broken 590-600 Uruguay parboiled 5% broken NQ Long grain fragrant rice Thailand Hommali 92% 945-955 Vietnam Jasmine 555-565 ↔ India basmati 2% broken 1515 -1525 Pakistan basmati 2% broken NQ ↔ Cambodia Phka Malis 895-905 ↔ Brokens Thailand A1 Super 310-320 ↔ Vietnam 100% broken 355-365 Pakistan 100% broken stxd 320-320 Cambodia A1 Super 365-375 ↔ India 100% Broken stxd 295-305 Egypt medium grain brokens NQ ↔ U.S. pet food 470-480 ↔ Brazil half grain 345-355 ↔ Medium grain milled U.S. Calrose 4% broken Egypt medium grain 6% 620-630 NQ ↔ ↔ ↔ ↔ ↔ ↔ ↔ ↔ ↔ All prices USD per ton, FOB vessel, oryza.com Note:Contents are published with permission of ORYZA For Advertising SPECS & RATES Contact: Advertising Department Mujahid Ali 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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