15th april,2015 daily exclusive oryza rice e newsletter by riceplus magazine

Daily Exclusive ORYZA Rice E-Newsletter
www.ricepluss.com
1
Daily Exclusive ORYZA RiceNewsletter
Volume 5, Issue I
April 15, 2015

www.ricepluss.com
2
Global Rice Quotes
April 15th, 2015
Long grain white rice - high quality
Thailand 100% B grade 395-405 ↔
Vietnam 5% broken 360-370 ↔
India 5% broken 370-380 ↔
Pakistan 5% broken 375-385 ↔
Myanmar 5% broken 410-420 ↔
Cambodia 5% broken 435-445 ↔
U.S. 4% broken 480-490 ↔
Uruguay 5% broken 575-585 ↔
Argentina 5% broken 565-575 ↔
Long grain white rice - low quality
Thailand 25% broken 355-365 ↔
Vietnam 25% broken 335-345 ↓
Pakistan 25% broken 330-340 ↔
Cambodia 25% broken 410-420 ↔
India 25% broken 345-355 ↔
U.S. 15% broken 470-480 ↔
Long grain parboiled rice
Thailand parboiled 100% stxd 385-395 ↔
Pakistan parboiled 5% broken stxd 380-390 ↔
India parboiled 5% broken stxd 365-375 ↔
U.S. parboiled 4% broken 555-565 ↔
Brazil parboiled 5% broken 570-580 ↔
Uruguay parboiled 5% broken NQ ↔
Long grain fragrant rice
Thailand Hommali 92% 890-900 ↔
Vietnam Jasmine 475-485 ↔
India basmati 2% broken NQ ↔
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Mails 810-820 ↔
Brokens
Thailand A1 Super 320-330 ↔
Vietnam 100% broken 310-320 ↔
Pakistan 100% broken stxd 285-295 ↔
Cambodia A1 Super 345-355 ↔
India 100% broken stxd 275-285 ↔
Egypt medium grain brokens NQ ↔

www.ricepluss.com
3
U.S. pet food 370-380 ↔
Brazil half grain NQ ↔
All prices USD per ton, FOB vessel, oryza.com
Brazil Rice Stocks Decline Slightly in March
2015
Apr 14, 2015
Brazil rice stocks declined to around 134,255 tons in March 2015, slightly down from around
135,717 tons in February 2015 and down about 76% from around 558,690 tons in March 2014,
according to the country's national grain supplying agency Conab.According to Conab, rice
stocks with the Selling Option Contract of Agricultural Products (OPCAO) have declined to
around 81,570 tons in March 2015, slightly down from around 81,671 tons in February 2015 and
down about 76% from around 346,028 tons in March 2014. Rice stocks with Federal
Government Acquisition (AGF) declined to around 52,213 tons down about 2% from around
53,193 tons in February 2015 and down about 75% from around 218,470 tons in March 2014.

www.ricepluss.com
4
Rice stocks with farmers (Agricultural Familiar) stood at around 472 tons in March 2015, down
45% from around 853 tons in February 2015 and about 78% from around 2,192 tons in March
2014.
CONAB has forecasted the country's 2014-15 paddy rice production at around 12.152 million
tons (around 8.26 million tons, basis milled), slightly up from around 12.122 million tons
(around 8.24 million tons, basis milled) in 2013-14. USDA estimates Brazil MY 2014-15 (April
– March) paddy rice production at around 12.206 million tons (around 8.3 million tons, basis
milled), unchanged from MY 2013-14.
USDA Forecasts 2015 Global Rice Trade at
42.3 Million Tons, Down 1.4% from 2014
Apr 14, 2015
In its April Rice Outlook report, USDA has forecasted 2015 global rice trade at around 42.3
million tons, down about 1.6% from an estimated 43 million tons last year, and slightly down
from the previous month's forecast of around 42.5 million tons. USDA says the slight decline in
global trade in 2015 is mainly due to smaller exportable supplies in India, which are fully not
offset by expanded sales from Pakistan, Vietnam and the U.S.

www.ricepluss.com
5
On the exports side, USDA lowered its estimates for Egypt and Japan but increased its
projections for the U.S. On the imports side, USDA lowered its estimates for Indonesia, Mali,
Afghanistan, Saudi Arabia and Yemen. It however, raised its estimates for the EU and U.S.For
2014, USDA lowered export forecasts for Japan and Pakistan. USDA has lowered import
estimations for Brazil and Yemen.
Japan May Propose to Increase Tariff-Free
Rice Imports from U.S. to Conclude TPP
Talks
Apr 14, 2015
The government of Japan is likely to propose to the U.S. about increasing tariff-free rice imports
from the U.S. as part of efforts to push forward the Trans-Pacific Partnership (TPP) negotiations
that have been stalled due to a impasse between the U.S. and Japan over access to its farm
markets, including rice, wheat, barley, beef, pork, dairy products, sugar and starch, according to
the Bureau of National Affairs (BNA).
While the exact quantum of increase in the U.S. imports is not known, an Agricultural and
Resource Economics Professor at the University of Tokyo told BNA that Japan may propose to
increase tariff-free purchases from the U.S. by about 100,000 tons annually.Japan has been keen
on excluding rice from the TPP negotiations in order to protect local rice from foreign

www.ricepluss.com
6
competition. The Japanese government has been struggling to keep Japanese rice competitive
due to high production costs and declining consumption the country. Due to these reasons, Japan
has been reluctant to heed to the U.S.' requests to include rice in the TPP. The U.S. has been
urging Japan to include rice in TPP talks as Japan's stance to exclude rice from TPP would lower
demand for U.S. rice in the Japanese market.
However, in April 2014, the U.S. had agreed for Japan to keep rice out of TPP negotiations but
had sought increased tariff-free rice imports from the U.S. Japan seems to have agreed to the
U.S. requests to take forward the TPP talks. The Japanese Premier is likely to visit the U.S.
shortly as part of efforts to conclude the TPP talks.Currently, Japan imports about 770,000 tons
of rice under the annual minimum market access (MMA) quota as per the World Trade
Organization (WTO) obligations. The rice imports above the MMA quota carry a prohibitive
import tariff of around 778%.USDA estimates Japan to produce around 7.7 million tons of rice
and import around 700,000 tons of rice in MY 2014-15 (November - October) to meet annual
consumption needs of around 8.2 million tons.
USDA Post Estimates Venezuela to Import
500,000 Tons of Rice in MY 2015-16,
Unchanged from Last Year
Apr 14, 2015
USDA Post estimates Venezuela rice imports in MY 2015-16 (April - March) at around 500,000
tons, unchanged from MY 2014-15. The Post reports that due to Venezuelan price controls and
exchange rate disparities, unofficial cross border trade with Colombia has been increasing.
According to the Post, Venezuela exported around 200,000 tons of rice to Colombia in MY 2013
unofficially. The Post also expects Venezuela's rice imports from the U.S. to decline due to new
and renewed agreements with Guyana and Suriname.The Post reports that the Venezuelan rice
industry often faces higher production costs and low profits due to shortages of agrochemicals
fertilizers and planting seeds.
The Post estimates Venezuelan milled rice production to decline to around 375,000 tons in MY
2015-16, slightly down from around 380,000 tons in MY 2014-15 due to expected dry weather
conditions. The Post expects paddy rice acreage during the MY 2015-16 to remain at last year's
level of around 140,000 hectares due to government support in the form of increased subsidies

www.ricepluss.com
7
and higher farm-gate prices.USDA Post estimates Venezuela rice consumption to increase to
around 690,000 tons in MY 2015-16, slightly up from around 685,000 tons in MY 2014-15.
Consumption has been increasing for the last couple of years due to an increase in population
and sporadic shortages of other products.
Vietnam, India, Pakistan Rice Seller Increase
Some of Their Quotes Today; Thailand Rice
Quotes Unchanged
Apr 14, 2015
Vietnam rice sellers increased their quotes for Jasmine rice by about $5 per ton to around $475 -
$485 per ton today. India rice sellers increased their quotes for parboiled rice by about $5 per ton
to around $365 - $375 per ton. Pakistan rice sellers increased their quotes for 5% broken rice by
about $15 per ton to around $375 - $385 per ton. Thailand rice sellers are out today due to
national holiday.

www.ricepluss.com
8
5% Broken Rice
Thailand 5% rice was last indicated at around $385 - $395 per ton, about a $25 per ton premium
on Vietnam 5% rice shown at around $360 - $370 per ton. India 5% rice is indicated at around
$370 - $380 per ton, about a $5 per ton discount to Pakistan 5% rice shown at around $375 -
$385 per ton, up about $5 per ton from yesterday.
25% Broken Rice
Thailand 25% rice was last shown at around $355 - $365 per ton, about a $15 per ton premium
on Vietnam 25% rice shown at around $340- $350 per ton. India 25% rice is indicated at around
$345 - $355, about a $15 per ton premium on Pakistan 25% rice shown at around $330 - $340
per ton.
Parboiled Rice
Thailand parboiled rice was last indicated at around $385 - $395 per ton. India parboiled rice is
indicated at around $365 - $375 per ton, up about $5 per ton from yesterday and about a $15 per
ton discount to Pakistan parboiled rice shown at around $380 - $390 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, was last indicated at around $320 - $330 per ton, about a $10
per ton premium on Vietnam 100% broken rice shown at around $310 - $320 per ton. India's
100% broken rice is shown at around $275 - $285 per ton, about a $10 per ton discount to
Pakistan broken sortexed rice shown at around $285 - $295 per ton.
Oryza Overnight Recap – Chicago Rough
Rice Futures Unchanged, Market Looks for
Signs of Life Following Recent Decline
Apr 14, 2015
Chicago rough rice futures for May delivery are currently noted 1.5 unchanged at $10.105 per
cwt (about $223 per ton) ahead of floor trading in Chicago. The other grains are seen trading
mostly higher overnight: soybeans are currently seen about 0.8% higher, wheat is listed about
0.2% lower and corn is currently noted about 0.1% lower.U.S. stock index futures indicated a flat

www.ricepluss.com
9
to slightly lower open on Tuesday, as traders eyed major bank earnings and retail sale data.
Futures initially edged lower after moderate data.
Retail sales showed an increase of 0.9%, slightly below expectations of a 1.1% month-on-month
increase in overall spending. However, the figure was the first gain since late last year. The
Producer Price Index (PPI) showed an increase of 0.2% in March, in line with expectations and
breaking four consecutive months of declines. While overall S&P 500 earnings are expected to
be down by 2.9%, the profits of financial companies are expected to be 10.8% higher, according
to Thomson Reuters.
New York Federal Reserve President William Dudley will speak at 8:40 a.m. and Minneapolis
Fed President Narayana Kocherlakota will speak at 8 p.m. Meanwhile in Europe, shares were
lower in morning trade Tuesday, amid investor caution over a European Central Bank (ECB)
meeting this week and the official start of the first-quarter earnings season. Gold is currently
trading about 0.3% lower, crude oil is seen trading about 1.5% higher, and the U.S. dollar is
currently trading about 0.8% lower at 9:00am Chicago time.
Azolla as ‘Green’ Nitrogen Can Enhance Rice
Output
Apr 14, 2015
Azolla, a freshwater floating fern, that carries a nitrogen-fixing cynobacterium (BGA) Anabeana
Azollae, can be used in rice fields to increase the release of nitrogen into the soil more effectively
and thereby increase rice production by over 50%.For growing rice paddies, around 5% of the
nitrogen isolated by Azolla is readily available.
The rest 95% stays in the Azolla biomass till the plant death. During the plant decomposition, the
organic nitrogen is quickly mineralized and turns as ammonia, in turn, contributes as a bio-
fertilizer for the growing rice paddies.Azolla is capable of growing profusely in shallow water
system and produces large amount of biomass allowing for quicker growth. Within 3-4 days it
doubles its biomass and fixes 40 to 60 nitrogen kg/hectare and contributes in a range of rice
cultivation processes on the field such as nitrogen release into water, nitrogen incorporation into
soil, as an intercrop, among others.
The weeds are suppressed by the Azolla sheets in rice fields. Due to its floating nature, it does
not compete with rice for space or light. Compared with chemical nitrogen fertilizers, it has
positive implications on soil fertility through enhancing nitrogen, organic carbon, phosphorus,

www.ricepluss.com
10
potassium, organic matter and other nutrients.Not all rice farmers are aware of the potential of
this freshwater fern can do in a rice field for soil fertility and nitrogen supply. If extension and
agricultural officials in various countries can provide field-level demonstrations, education and
support activities, Azolla can play an important role in rice production without damaging the
environment and with least costs. A mother nursery is maintained close to the paddy field for
continuous supply during the cropping season.
Iraq Seeks to Purchase 30,000 Tons of Rice in
International Tenders
Apr 14, 2015
Iraq has invited international tenders to purchase about 30,000 tons of rice from Uruguay,
Argentina, Brazil, Vietnam, Cambodia, Pakistan, India, Thailand and the U.S., Bloomberg
quoted a statement from the Iraq's Trade Ministry.Last date for submitting bids is April 26, 2015
and offers remain valid till April 30, 2015.
Oryza U.S. Rough Rice Recap – Prices
Steady as Little Trades; Iraq Issues New
Tender
Apr 14, 2015
The U.S. cash market was seen steady today as most sellers hold out for higher prices while most
buyers remain hand to mouth expecting prices to continue to fall amid tepid demand.Meanwhile,
the Iraqi Grain Board issued a tender for at least 30,000 tons of long grain white rice of either
U.S., Uruguayan, Argentine, Brazilian, Vietnamese, Cambodian, Pakistani, Indian, or Thai
origin. Offers need to be submitted no later than April 26th
and must remain valid through April
30th
.
Oryza Afternoon Recap - Chicago Rough
Rice Futures Bounce Higher as Market Tests

www.ricepluss.com
11
Support at $10.000; Corn and Beans Find
Support in Firmer Crude and Weaker Dollar
Apr 14, 2015
Chicago rough rice futures for May delivery settled 10.5 cents per cwt (about $2 per ton) higher
at $10.210 per cwt (about $225 per ton). The other grains finished the day mostly higher;
Soybeans closed about 1.2% higher at $9.6025 per bushel; wheat finished about 1.1% lower at
$4.9700 per bushel, and corn finished the day about 0.8% higher at $3.7350 per bushel.U.S.
stocks traded in a range on Tuesday as investors digested the first of the major earnings reports
and moderate economic data. The Dow Jones industrial average and S&P 500 recovered from
morning losses to hold higher as oil gains helped energy stocks.

www.ricepluss.com
12
Crude oil gained 3 percent after a forecasted decline in U.S. shale output and continued tensions
in Yemen. The energy sector rose more than 2% to lead gains in the S&P 500. Futures edged
lower after morning economic reports. Retail sales showed an increase of 0.9%, slightly below
expectations of a 1.1% month-on-month increase in overall spending. However, the figure was
the first gain since late last year. The Producer Price Index (PPI) showed an increase of 0.2% in
March, in line with expectations and breaking four consecutive months of declines. Business
inventories came slightly above estimates, up 0.3% in February. While overall S&P 500 earnings
are expected to be down by 2.9%, the profits of financial companies are expected to be 10.8%
higher, according to Thomson Reuters.
The Dow Jones Industrial Average traded up 83 points, or 0.46%, at 18,059. The S&P 500
traded up 4 points, or 0.19%, at 2,096, with energy leading eight sectors higher and information
technology and industrials the only laggards. The Nasdaq traded down 13 points, or 0.28%, at
4,974. Gold is trading about 0.5% lower, crude oil is seen trading about 3.1% higher, and the
U.S. dollar is seen trading about 0.8% lower at about 1:15pm Chicago time.Monday, there were
1,736 contracts traded, down from 2,362 contracts traded on Friday. Open interest – the number
of contracts outstanding – on Monday increased by 91 contracts to 11,516.
Philippines Rice Stocks Continue to Decline
for Third Consecutive Month
Apr 14, 2015
The Philippines rice stocks have continued to decline for the third consecutive month in March
2015, according to the Bureau of Agricultural Statistics (BAS). The Philippines rice stocks have
been declining since January 2015.Total rice stocks in the Philippines as of March 1, 2015
reached around 2.27 million tons, down about 3.4% from around 2.35 million tons recorded in
February 2015, and up about 27.5% from around 1.78 million tons recorded during the same
period last year.
According to the BAS, household stocks (which account for about 42.8% of total rice stocks in
the country) have reached around 970,000 tons as of March 1, 2015, up about 2% from year-ago
levels of around 950,000 tons. Commercial warehouse rice stocks (which account for about
32.9% of total stocks) have reached around 740,000 tons as of March 1, 2015, up about 95%
from their year-ago levels of around 380,000 tons. The rice stocks with the National Food
Authority (NFA) (which account for 24.3% of total stocks) stood at around 550,000 tons, up
about 20% from around 460,000 tons recorded in February 2014.
Month-on-month, household rice stocks are down about 8%, commercial warehouse rice stocks
are down about 4% and NFA rice stocks - in which about 96.2% are imported rice - are up about
4%, according to the BAS.The BAS says that the Philippines' rice stocks as of February 1, 2015

www.ricepluss.com
13
are enough to last for 67 days (household stocks are enough for 29 days, commercial warehouses
stocks are enough for 22days and stocks with NFA are enough for 16 days).In its latest paddy
production estimates, the Philippines Statistics Authority (PSA) is estimating the Philippines to
produce around 8.55 million tons of paddy rice in the first half-part (January - June) of 2015, up
about 2.02% from around 8.38 million tons produced during the same period in 2014.
The NFA has decided to import 500,000 tons of rice (200,000 tons from Thailand and 300,000
tons from Vietnam) under government-to-government deals in 2015 to ensure adequate stocks in
the lean season (June – September). It imported more than 1.8 million tons of rice (including 1.5
million tons of 2014 imports and 300,000 tons of 2013 residual imports) in 2014 to replenish rice
stocks and control price hikes.USDA estimates Philippines MY 2014-15 (July - June) paddy rice
production at around 19.365 million tons (around 12.2 million tons, basis milled), up about 3%
from around 18.822 million tons (around 11.86 million tons, basis milled) produced in the
previous year.
USDA Forecasts 2014-15 Global Milled Rice
Production at 474.6 Million Tons, Slightly
Down from Previous Year
Apr 14, 2015
In its April Rice Outlook report, USDA has forecasted 2014-15 global milled rice production at
around 474.6 million tons, slightly down from an estimated 476.9 million tons in 2013-14, and
slightly down from its last month's estimates of around 474.9 million tons. Most of this year's
decline is due to expected decline in South Asia rice production, according to the U.S. agency.
USDA estimates East Asia to harvest record rice crop in 2014-15, while it forecasts a little
change in production levels of South America and Sub-Saharan Africa.
In the latest report, USDA lowered its forecasts for Vietnam 2014-15 production to around 20.05
million tons due to lower expected output from the winter and spring crop. It also lowered its
forecasts for Indonesia's 2014-15 production to around 36.3 million tons due to delay in planting
of the first crop, which is expected to cause further delay in planting for second and third crops.
USDA lowered its 2014-15 production forecasts for Colombia, Ecuador and Peru in South
America. In Africa, the U.S. agency lowered its forecasts for Guinea, Liberia, Ivory Coast and
Ghana. However, USDA says these downward revisions were partially offset by expected
production increases in Pakistan, Egypt and Mali.

www.ricepluss.com
14
USDA forecasts 2014-15 global rice acreage at around 159.6 million hectares, slightly down
from last year's 161.2 million hectares, and unchanged from its previous months' forecasts due to
an expected y/y decline in Indonesia, Vietnam and Sun-Saharan Africa rice acreage. It has
forecasted the average global yield at 4.44 tons per hectare (on rough rice basis), up slightly from
last year as well as last month's projections.
USDA lowered its estimates 2014-15 global rice consumption and residual use to around 483
million tons, up about 2.9 million tons from last year, and down about 600,000 tons from an
estimated 483.6 million tons last month. Major declines in consumption and residual use are
expected in Indonesia and the U.S.
The U.S. agency estimates 2014-15 global rice ending stocks at around 98.6 million tons, down
about 8% from an estimated 106.4 million tons last year and down about 900,000 tons from last

www.ricepluss.com
15
month's projection of about 99.5 million tons. USDA estimates lower ending stocks in India,
Indonesia and Thailand but higher stocks in the Philippines and the U.S. It estimates 2014-15
global stocks-to-use ratio at 22.2%, up from last year's 22.1%.
Conab Estimates Brazil 2014-15 Paddy Rice
Production at 12.397 Million Tons, Up 2%
from Last Year
Apr 14, 2015
Brazil’s National Grains Supply
Company (Conab) has forecasted the
country's 2014-15 paddy rice
production at around 12.397 million
tons (around 8.43 million tons, basis
milled), up about 2% from around
12.121 million tons (around 8.24
million tons, basis milled) in 2013-
14, and up 2% from its March
forecast of around 12.151 million
tons.
Conab has estimated Brazil's 2014-15 paddy rice acreage at around 2.344 million hectares, down
about 1.2% from around 2.373 million hectares in 2013-14. Paddy rice acreage in the key rice
growing Centro-Sul (Center-South) region is projected at 1.553 million hectares in 2014-15,
slightly down from around 1.565 million hectares in 2013-14. Rice acreage in the
North/Northeast regions is estimated at around 790,700 hectares, down 2% from around 808,400
hectares in 2013-14.
Average rice yield in Brazil in 2014-15 is projected at around 5.289 tons per hectare, up about
3.5% from around 5.108 tons per hectare recorded in the previous year.USDA estimates Brazil
MY 2014-15 (April – March) paddy rice production at around 12.206 million tons (around 8.3
million tons, basis milled), unchanged from MY 2013-14. It estimates Brazil’s 2014-15 paddy
rice acreage also to remain at last year's level of around 2.4 million hectares. USDA estimates
Brazil to export around one million tons of rice and import around 790,000 tons of rice in 2015.

15th april,2015 daily exclusive oryza rice e newsletter by riceplus magazine

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Viewers also liked

Viewers also liked (15)

Similar to 15th april,2015 daily exclusive oryza rice e newsletter by riceplus magazine

Similar to 15th april,2015 daily exclusive oryza rice e newsletter by riceplus magazine (13)

Recently uploaded

Recently uploaded (16)

15th april,2015 daily exclusive oryza rice e newsletter by riceplus magazine