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December 13, 2013,daily oryza news shared by riceplus magazine
December 13, 2013,daily oryza news shared by riceplus magazine
December 13, 2013,daily oryza news shared by riceplus magazine
December 13, 2013,daily oryza news shared by riceplus magazine
December 13, 2013,daily oryza news shared by riceplus magazine
December 13, 2013,daily oryza news shared by riceplus magazine
December 13, 2013,daily oryza news shared by riceplus magazine
December 13, 2013,daily oryza news shared by riceplus magazine
December 13, 2013,daily oryza news shared by riceplus magazine
December 13, 2013,daily oryza news shared by riceplus magazine
December 13, 2013,daily oryza news shared by riceplus magazine
December 13, 2013,daily oryza news shared by riceplus magazine
December 13, 2013,daily oryza news shared by riceplus magazine
December 13, 2013,daily oryza news shared by riceplus magazine
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December 13, 2013,daily oryza news shared by riceplus magazine

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December 13,2013 Daily ORYZA News …

December 13,2013 Daily ORYZA News
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  • 1. December 13, 2013 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 1000+ stakeholders of rice industry read & apply various ideas and analysis written by the authors. Be the part of Rice plus authors www.ricepluss.com,www.publishpk.net Contact 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
  • 2. TOP Contents - Tailored for YOU Oryza Quick Glance at World News Dec 12, 2013 Financial Times *Natural gas will overtake coal as a global energy source in the middle of the next decade, in part because of the environmental benefits it offers, according to ExxonMobil, the world’s largest oil and gas company. *The White House is considering Stanley Fischer for vice-chair of the U.S. Federal Reserve in a move that would add one of the world’s most respected economists to the central bank under new head Janet Yellen. *Ukraine’s pro-EU demonstrators intensified their standoff against President Viktor Yanukovich on Wednesday, streaming on to the capital’s main square by the thousands as their leaders contemplated entering into negotiations with the president. *John Kerry, U.S. secretary of state, will arrive in Israel on Thursday in his latest effort to push forward peace talks, now fixated on security arrangements for a future Palestinian state. *Peter Praet, an ECB executive board member has signaled it will try to force euro zone banks to hold capital against sovereign bonds, in an attempt to stop weak lenders using its cash to hoover up the debts of crisis-hit countries. *Jamie Dimon, chief executive of JPMorgan Chase, signaled the bank planned to pay penalties over allegations that it failed to notify U.S. authorities that it was worried Bernard Madoff was running a Ponzi scheme. *Lloyds Banking Group and Royal Bank of Scotland were hit with a combined £90 million of fines from regulators in the U.K. and U.S. on Wednesday as another round of past misdeeds came back to haunt Britain’s state-backed banks. *Gorgon, the world’s largest liquefied natural gas development, has slipped further behind schedule and over budget, admitted Chevron, the oil and gas company leading the Australian project. The plants expected cost, which was estimated at $37 billion when it was launched in 2009, was raised to $52 billion last year, and has now been increased again to $54 billion. 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
  • 3. *Exxon Mobil Corporation, the nation's largest energy producer, is calling for the U.S. to lift restrictions on exporting domestic oil that date back to the Arab oil embargo of 1973. The Irving, Texas, company's public support for crude exports comes as it forecasts decades of abundant supplies of petroleum in the U.S. and elsewhere as well as increasing global demand for oil, according to its annual energy outlook set to be released on Thursday. *U.S. House Republican leaders threw their weight behind a two-year budget deal, planning to bring it to a vote Thursday as opposition in both parties failed to gain enough traction to threaten passage. Meanwhile few lawmakers expressed enthusiasm for the narrowly focused agreement reached by House Budget Chairman Paul Ryan (R., Wis.) and his Senate counterpart, Budget Chairman Patty Murray (D., Wash.), to ease the effect of across-the-board spending cuts known as the sequester. *The U.S.'s top general warned that without an enduring presence of American troops, Afghanistan risks once again becoming a haven for international terrorism—undoing the achievements of the 12-year war. *Iran's recently appointed nonresident envoy to Britain will make his inaugural visit to London Thursday and Friday, the U.K. government said Wednesday. *The visit by Mohammad Hassan Habibollahzadeh, Iran's nonresident chargé d'affaires, marks the next step in efforts to mend diplomatic relations between the two nations that were broken when Britain's embassy in Tehran was overrun by protesters two years ago. *European lawmakers approved the appointment of Daniele Nouy as the euro zone's top banking supervisor on Wednesday, a new role charged with overseeing the biggest financial institutions in the currency bloc and leading a cleanup of the region's financial sector. *India's Supreme Court on Wednesday overturned a lower court's ruling that had decriminalized gay sex, a surprise setback for the gay-rights movement in this largely conservative country. *The balance of power in Pakistan is set to shift on Thursday as the assertive chief justice who ousted an elected prime minister retires after stormy eight-year tenure. The change in the judiciary is likely to bolster the elected government's authority over its two often more powerful rivals: the military and the courts. New York Times*An explosion struck within meters of the entrance to the U.S. embassy in the Afghan capital, Kabul, early on Thursday, police and witnesses said. *Former Thai Prime Minister Abhisit Vejjajiva has been formally charged with murder in connection with the 2010 deaths of protesters killed during a crackdown on anti-government demonstrators, amid weeks of renewed protests. 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. *A Seoul court rejected Samsung's claim that iPhone and iPad models violated three of its patents, another setback for the South Korean electronics giant in a global battle with Apple over rights to technologies that power smartphones and tablets. *An aircraft fleet owned by Google's founders and former CEO received improper discounts on jet fuel that saved the three billionaires up to $5.3 million dating back to depths of the Great Recession in 2009, according to a government report released Wednesday. *Europe, long a scapegoat for weak earnings at U.S. multinational companies, is now looking like a more dependable source of profits, and that could make some stocks that have lagged this year's rally more enticing to investors. *The number of people selecting health insurance plans in the federal and state marketplaces increased last month at a brisk pace, bringing the overall figure to nearly 365,000, the Obama administration said on Wednesday. The November number was more than double the one for October, but still well below the administration’s goal. Financial Times – *Natural gas will overtake coal as a global energy source in the middle of the next decade, in part because of the environmental benefits it offers, according to ExxonMobil, the world’s largest oil and gas company. *The White House is considering Stanley Fischer for vice-chair of the U.S. Federal Reserve in a move that would add one of the world’s most respected economists to the central bank under new head Janet Yellen. *Ukraine’s pro-EU demonstrators intensified their standoff against President Viktor Yanukovich on Wednesday, streaming on to the capital’s main square by the thousands as their leaders contemplated entering into negotiations with the president. *John Kerry, U.S. secretary of state, will arrive in Israel on Thursday in his latest effort to push forward peace talks, now fixated on security arrangements for a future Palestinian state. *Peter Praet, an ECB executive board member has signaled it will try to force euro zone banks to hold capital against sovereign bonds, in an attempt to stop weak lenders using its cash to hoover up the debts of crisis-hit countries. *Jamie Dimon, chief executive of JPMorgan Chase, signaled the bank planned to pay penalties over allegations that it failed to notify U.S. authorities that it was worried Bernard Madoff was running a Ponzi scheme. *Lloyds Banking Group and Royal Bank of Scotland were hit with a combined £90 million of fines from regulators in the U.K. and U.S. on Wednesday as another round of past misdeeds came back to haunt Britain’s state-backed banks. 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. *Gorgon, the world’s largest liquefied natural gas development, has slipped further behind schedule and over budget, admitted Chevron, the oil and gas company leading the Australian project. The plants expected cost, which was estimated at $37 billion when it was launched in 2009, was raised to $52 billion last year, and has now been increased again to $54 billion. Wall Street Journal*Exxon Mobil Corporation, the nation's largest energy producer, is calling for the U.S. to lift restrictions on exporting domestic oil that date back to the Arab oil embargo of 1973. The Irving, Texas, company's public support for crude exports comes as it forecasts decades of abundant supplies of petroleum in the U.S. and elsewhere as well as increasing global demand for oil, according to its annual energy outlook set to be released on Thursday. *U.S. House Republican leaders threw their weight behind a two-year budget deal, planning to bring it to a vote Thursday as opposition in both parties failed to gain enough traction to threaten passage. Meanwhile few lawmakers expressed enthusiasm for the narrowly focused agreement reached by House Budget Chairman Paul Ryan (R., Wis.) and his Senate counterpart, Budget Chairman Patty Murray (D., Wash.), to ease the effect of across-the-board spending cuts known as the sequester. *The U.S.'s top general warned that without an enduring presence of American troops, Afghanistan risks once again becoming a haven for international terrorism—undoing the achievements of the 12-year war. *Iran's recently appointed nonresident envoy to Britain will make his inaugural visit to London Thursday and Friday, the U.K. government said Wednesday. *The visit by Mohammad Hassan Habibollahzadeh, Iran's nonresident chargé d'affaires, marks the next step in efforts to mend diplomatic relations between the two nations that were broken when Britain's embassy in Tehran was overrun by protesters two years ago. *European lawmakers approved the appointment of Daniele Nouy as the euro zone's top banking supervisor on Wednesday, a new role charged with overseeing the biggest financial institutions in the currency bloc and leading a cleanup of the region's financial sector. *India's Supreme Court on Wednesday overturned a lower court's ruling that had decriminalized gay sex, a surprise setback for the gay-rights movement in this largely conservative country. *The balance of power in Pakistan is set to shift on Thursday as the assertive chief justice who ousted an elected prime minister retires after stormy eight-year tenure. The change in the judiciary is likely to bolster the elected government's authority over its two often more powerful rivals: the military and the courts. New York Times- 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. *An explosion struck within meters of the entrance to the U.S. embassy in the Afghan capital, Kabul, early on Thursday, police and witnesses said. *Former Thai Prime Minister Abhisit Vejjajiva has been formally charged with murder in connection with the 2010 deaths of protesters killed during a crackdown on anti-government demonstrators, amid weeks of renewed protests. *A Seoul court rejected Samsung's claim that iPhone and iPad models violated three of its patents, another setback for the South Korean electronics giant in a global battle with Apple over rights to technologies that power smartphones and tablets. *An aircraft fleet owned by Google's founders and former CEO received improper discounts on jet fuel that saved the three billionaires up to $5.3 million dating back to depths of the Great Recession in 2009, according to a government report released Wednesday. *Europe, long a scapegoat for weak earnings at U.S. multinational companies, is now looking like a more dependable source of profits, and that could make some stocks that have lagged this year's rally more enticing to investors. *The number of people selecting health insurance plans in the federal and state marketplaces increased last month at a brisk pace, bringing the overall figure to nearly 365,000, the Obama administration said on Wednesday. The November number was more than double the one for October, but still well below the administration’s goal. Tags:Global News Oryza Overnight Recap – Chicago Rough Rice Futures Unchanged Overnight; Grains Noted Mostly Higher Ahead of Floor Open Dec 12, 2013 Chicago rough rice futures for January delivery are currently paused unchanged at $15.475 per cwt (about $341 per ton) as of 8:00am Chicago time. The other grains are mostly higher this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.1% higher, wheat is seen about 0.1% higher, and corn is paused about 0.1% lower. U.S. stock index futures pointed to a mildly higher open on Wall Street on Thursday, after economic reports had retail sales climbing last month. The Commerce Department reported U.S. retail sales rose 0.7 percent in November versus 0.6 percent the month before. A separate report had initial jobless claims rising 68,000 to 368,000 last week. Taper fears continue to weigh on global markets, with the possibility of an imminent budget deal in Washington seen as increasing the likelihood of the Federal Reserve starting to scale 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. back its bond-buying program this year. With this in mind, investors are looking ahead to the Federal Open Market Committee's (FOMC) last policy meeting of the year next week. U.S. stock index futures are currently trading about 0.1% higher, gold is currently trading about 1.7%lower, crude oil is seen trading about 0.7% higher, and the U.S. dollar is currently trading about 0.2% higher at 8:00am Chicago time. Tags:chicago rough rice futures, U.S. rice prices, U.S. rice market Oryza Quick Glance at MDA Rice Crop Weather Update Dec 12, 2013 Oryza shares some of MDA’s latest rice crop weather updates: Rain is expected to increase in south China and the southern Yangtze Valley this week. Rain is expected to increase in southeastern India this week due to tropical cyclone Madi; minor damages are expected from the cyclone. Widespread rain are expected across Indonesia this week, which will improve growth of main season rice but will slow harvesting a bit for second season rice. Rain is expected in north central Vietnam this week, which will improve moisture conditions for winter season rice. Some rain is expected across central and southern Thailand this week, which will delay harvest activity. Rain showers are expected to remain continue in southeastern Philippines this week, which will slow main season harvesting. Rains in northern areas of Brazil will continue to improve moisture for rice. Dry weather is expected across Argentina and Uruguay this week, but moisture is expected remain adequate to support rice growth. 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. For more complete weather information, contact: www.mdaus.com. Tags: Rice weather pdf: MDA Weather.pdf Asia Rice Quotes Unchanged Today Dec 12, 2013 Asia rice sellers kept their quotes mostly unchanged today. 5% Broken Rice Thai 5% rice is quoted around $390 - $400 per ton, about a $30 per ton discount to Viet 5% rice shown around $420 - $430 per ton. Indian 5% rice is quoted around $415 - $425 per ton, about a $35 per ton premium over Pak 5% rice quoted around $380 - $390 per ton. 25% Broken Rice Thai 25% rice is quoted about $365 - $375 per ton, and about a $30 per ton discount to Viet 25% rice shown around $395 - $405 per ton. Indian 25% rice is quoted about $375 - $385 per ton, about a $35 per ton premium over Pak 25% rice quoted around $340 - $350 per ton. Parboiled Rice Thai parboiled rice is quoted around $450 - $460 per ton. Indian parboiled rice is quoted around $405 - $415 per ton, about a $25 per ton discount to Pak parboiled rice quoted around $430 - $440 per ton. 100% Broken Rice Thai broken rice, A1 Super, is quoted around $330 - $340 per ton, about a $35 per ton discount to Viet broken rice shown around $365 - $375 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
  • 9. Indian broken sortexed rice is quoted about $315 - $325 per ton, about a $5 per ton discount to Pak broken sortexed rice quoted around $320 - $330 per ton. Tags: Thailand rice quotes, Vietnam rice quotes, Pakistan rice quotes, India rice quotes, Asia rice quotes Malaysians Debate Taking Rice-Buying Bernas Private Dec 12, 2013 A debate is heating up in Malaysia about whether or not the nation’s rice-buying state corporation, Bernas (Padiberas Nasional Berhad) should be privatized. A battle is raging between the eighth-wealthiest man in Malaysia - controversial figure - and the head of the Strategy Rafizis Justice Party (PKR). The head of the PKR says the move the take the company private will reduce transparency, reduce competition, and reduce accountability, and will thus result in Malaysians paying higher prices for rice, including imports. He says that when the nation’s sugar monopoly was privatized, prices rose considerably and the same will happen to rice. On the Bernas website, it says the company, ―currently controls 24% of the paddy market and 45% of the local rice demand.‖ The Malay Mail reports, ―After a privatization bid in March failed to get sufficient acceptance from Bernas’s minority shareholders, another attempt was made last month to turn it into a private company with a proposal to voluntarily remove it from Malaysia’s stock market.‖ Adding, ―On April 26, 2011, the government announced that Bernas’s exclusive contract of rice distribution will be extended for 10 years starting from January 11, 2011 to January 10, 2021.‖ Tags: bernas, Malaysia Rice Imports, Malayia rice production Oryza Rice Currency Analysis for Today – India Rupee Down 0.9% Dec 12, 2013 U.S. dollar index was up +0.37% from the open today, when it traded at 80.192 at the close. Euro was weaker -0.29% today by the close, trading around 1.3746 by end of day, after trading between an intraday high of 1.3803 and low of 1.3738. Speculation on a December Fed taper is driving the markets. Thai baht was weaker -0.12%, trading at 32.120 at the close of business. 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. Indian rupee was -0.93% weaker, trading at 61.8300. Brazilian real was +0.37% stronger than the open at today’s close, when it ended at 2.3337 reais per dollar. Pakistan rupee was +0.07% stronger at 107.2850. Vietnamese dong was stronger +0.05% at 21105. Mexican peso was +0.43% stronger today, when it traded at 12.9845 pesos per dollar by the close of business today. Chinese yuan was +0.01% stronger at 6.0714. Argentine peso was -0.05% weaker at 6.2800 pesos per dollar. Tags: foreign exchange rates Oryza Afternoon Recap – Chicago Rough Rice Futures Remain Under Pressure as Grains Selloff in Response to Unimpressive Export Sales Data Dec 12, 2013 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. Chicago rough rice futures for January delivery settled 1.5 cents per cwt (about $0.44 per ton) lower at $15.460 per cwt (about $341 per ton). Rough rice futures remain on the defensive slipping slightly again today on another day of reduced trade activity. Traders noted very little outright trading as the focus remains on the January/March spread as market participants continue to keep an eye on the lack of registered warehouse receipts. Market vets point out that it is very uncommon for there to be such a low number or receipts at this point in the year and feel that it confirms their suspicion that supplies remain historically tight. The other grains fell today led by losses in the soy complex; soybeans finished the day about 1.5% lower at $13.2375 per bushel; wheat finished about 1.1% lower at $6.3475 per bushel; and corn finished the day about 1.1% lower at $4.3425 per bushel. U.S. stocks mostly slid on Thursday, with the Dow Jones Industrial Average and S&P 500 extending losses into a third session, as investors considered the timing of any reductions in the Federal Reserve's monetary stimulus. After Wednesday's 129.59-point drop, the Dow Jones Industrial Average was again down triple digits. Consumer staples and technology were the hardest-hit and utilities were the sole sector in 10 to gain as the S&P 500 also declined. Erasing gains, the Nasdaq turned lower. U.S. stock markets are currently trading down about 0.6%, gold is trading about 2.5% lower, crude oil is seen trading about 0.3% higher, and the U.S. dollar is seen trading about 0.4% higher at about 2:00pm Chicago time. Looking to the daily continuation chart of Chicago rough rice futures for January delivery, the market continues to find support provided by the lower Bollinger band, noted today at $15.430 per cwt (about $340 per ton), but remains technically bearish. The faster moving 10-day moving average has fallen to cross below both the 20day and 100-day moving averages, confirming that the market has indeed moved into a short-term, multisession, bearish trend. Today’s action has maintained the recent trend of marking lower lows and in turn provides a negative forecast for tomorrow’s trade direction. Today’s trading range is noted as $15.435-$15.560 per cwt (about $340-$343 per ton).Wednesday, there were 256 contracts traded, down from 1,329 contracts traded on Tuesday. Open interest – the number of contracts outstanding – on Wednesday decreased by 55 contracts to 7,745. 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
  • 12. Bulog Officials Consider Party in Celebration of Rice Self-Sufficiency; However, Stocks-to-Use Ratio Hovers Near Historical Low Bulog, Indonesia’s state rice buying agency is celebrating no longer needing to import rice. Officials say they may throw a party to mark the achievement. However, while Indonesia’s rice imports have fallen in recent 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. years, the nation’s rice stocks-to-use ratio, is near historical lows according to the USDA. The USDA also estimates that Indonesia’s rice imports in 2013-14 will increase to 1.5 million tons from 1 million tons the previous year.Bulog says its goal is to keep ending stocks at around 2 million tons. The USDA estimates ending stocks at around 3 million tons in 2012-13 and 2.5 million tons in 2013-14, above Bulog's target. However, using USDA figures, the nation's stock-to-use ratio is only about 5%, well below the global stocks-to-use ratio of about 22%, and well below the nation's historical norms. Tags:Indonesia rice production, Indonesia rice imports, indonesia rice stocks Oryza Shares Press Release - ARPEC Hosting Visting Delegation of 20 People from Guangdong Foods Association December 14-15, 2013 Dec 12, 2013 After hosting on December 4, a Delegation of 24 firms from The Rice Merchants’ Association of Hong Kong in part of networking among rice professionals in the region, ARPEC is hosting on December 14-15, a Delegation of 20 firms from the Guangdong Foods Association of the People’s Republic of China in a continuing effort to boost rice exports to China.The Chinese Delegation arrives in Siemreap on December 13 for a one day sight seeing tour and proceeds to Battambang the following day. On Sunday December 15, ARPEC Chairman, Oknha Phou Puy, will host a working lunch for the Delegation in Battambang and ARPEC would host a dinner for the Delegation in the evening upon their return to Phnom Penh. Tags: press release, cambodia rice, ARPEC Oryza Shares Press Release - Cambodian Premium Jasmine Rice Evening Dec 12, 2013 Ever since the Royal Government of Cambodia affirmed its full support for the rice sector in 2010, we have seen rising FDI into this particular sector as well as a steady increase of our rice exports.We have also come a long way from the disastrous state of our rice sector after long years of unrest and now according to USDA statistics, Cambodia is the 2nd largest exporter of Premium Jasmine Rice in the world and the overall 5th largest rice exporter as well.Cambodia still has plenty of challenges ahead to improve the competitiveness of its rice sector and both the Government and the Private Sector are working closely in tandem for the betterment of the sector.Embracing the Public Private partnership concept, two Ministries and two Private Sector Institutions are collaborating closely to celebrate the Prize Award of World Best Rice for two consecutive years at the TRT events in Bali (2012) and in Hong Kong (2013). The Ministry of Commerce and the Ministry of Tourism take the occasion of a year end season to organize a dinner to promote Cambodian Premium Jasmine Rice. Both Ministers would gamely play the role of Cook 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
  • 14. wash, cook and serve rice to the Guests. The event is fully supported by ARPEC (Alliance of Rice Producers & Exporters of Cambodia) and the THALIAS Group and guests will have the chance to experience and taste MALIS Restaurant’s Signature Dishes using rice as major ingredient. The Ministry of Commerce took the lead to invite the Donors and Ambassadors from ASEAN, China, Japan, Korea, USA, and European countries while ARPEC and THALIAS invited the other distinguished guests for the Special Event scheduled for: Saturday 21st December 2013 MALIS Restaurant 18:30 hrs – 21:30 hrs Dress Code: Smart Casual Tags: press release, Cambodia rice exports Oryza U.S. Rough Rice Recap – Prices Hold Steady Despite Dismal Exports Dec 12, 2013 U.S. cash prices were seen steady today despite the USDA reporting dismal export sales figures. Some analysts contend that the weak numbers could in part be attributed to the Thanksgiving holiday and the USA Rice Outlook Conference while others contend that it was due to higher prices.As of today, offers continue to hold steady near $15.65-$16.66 per fob farm (about $345-$367 per ton), depending on where they are located in the U.S. mid-South and how quickly they could ship. Bids from larger mills were unchanged around $14.95 per cwt (about $330 per ton) while bids from exporters were could still be seen close to $15.25 per cwt (about $336 per ton), both for December through January delivery, although some smaller mills are reportedly bidding as much as $16.00 per cwt (about $353 per ton) for prompt delivery.In the meantime, today the USDA reported that cumulative net export sales for the week ending on December 5th, totaled 12,900 tons, a marketing year low, with increases reported for the following destinations including: 2,700 tons to Turkey, 2,600 tons to Mexico, 2,300 tons to Lebanon, 2,100 tons to Canada, and 800 tons to the United Kingdom.U.S. rice exporters shipped 63,600 tons with the primary destinations including: 22,700 tons to Mexico, 12,600 tons to Japan, and 12,400 tons to Costa Rica, 4,900 tons to Jordan, and 3,500 tons to Honduras. Tags: U.S. rice prices, U.S. rice market 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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