17th january ,2014 daily exclusive oryza news by riceplus magazine

17th January , 2014

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TOP Contents - Tailored for YOU
Latest News Headlines…
 Thailand Bank for Agriculture and Agricultural Cooperatives (BAAC) Says Farmers to be Paid by End of
January, After Missing January 15 Target Deadline
 Thailand National Anti-Corruption Commission to Probe Rice Subsidy Scheme
 Thailand Exchange Plans Auction of Pledged Rice on January 22, Despite Political Rifts
 Oryza U.S. Rough Rice Recap – Price Ideas Unchanged, Despite Dismal Export Sales
 Oryza Rice Currency Analysis for Today – Argentine Peso Down Nearly 1%
 Italian Minister of Agriculture May be Forced from Office; Departure Could Impact Efforts to Limit
Duty-Free LDC Rice Imports
 Iraq Tenders to Buy 30,000 Tons of Rice
 Buyers Beware: Rice Companies Try to Trick Consumers with Low Quality Rice, Change Packing with
Markers
 Louisiana University's AgCenter Educates Rice Farmers through Clinics; US Farm Bill Uncertainty Poses
GreatestChallenge
 Coal Seam Gas Activities to Impact Rice Production in Eastern Australia; Rice Industry Demands Critical
Recognition
 U.S. Rice Export Sales Disappoint

Cell # 92 321 369 2874

 Vietnam, Pakistan Rice Sellers Increase Some of Their Quotes Today
 Oryza Shares Press Release - Arkansas Rice Council, Rice Farmers To Hold Annual Meeting Jan. 30 in
Stuttgart: Ducks Unlimited CEO Dale Hall to headline
 Oryza Global Rice Quotes
 Yingluck to be probed, ex-ministers charged on rice scheme

NEWS Detail…
Thailand Bank for Agriculture and Agricultural Cooperatives (BAAC) Says
Farmers to be Paid by End of January, After Missing January 15 Target Deadline
Jan 16, 2014

Thailand’s Bank for Agriculture and Agricultural Cooperatives (BAAC) now says farmers will be paid by the
end of January, a couple weeks later than the previous target deadline of January 15. The bank is scrabbling to
pay farmers for their pledged paddy and farmers are running out of patience protesting and trying to exercise
their rights by writing letters of demand to government offices.The BAAC says it will try to use state
enterprises’ funds to pay farmers. It was separately announced the BAAC conducted a successful debt auction,
borrowing the 32.58 billion baht (about $991 million) at 3.14% interest, but the term of the debt was not
reported.
Tags: Thailand Bank for Agriculture and Agricultural Cooperatives (BAAC), Thailand rice mortgage scheme

Thailand National Anti-Corruption Commission to Probe Rice Subsidy Scheme
Jan 16, 2014

Thailand's National Anti-Corruption Commission (NACC) will investigate the much debated rice subsidy
scheme brought in by the - now caretaker - government.The NACC made the announcement amidst protests
against the caretaker government and the caretaker Prime Minister Yingluck. The prime minister is facing
opposition from farmers and other rural voters who are angry over delay in payments; the government was
supposed to pay farmers by January 15 but is missing that deadline. The President of the Thai Rice Exporters
Association said the government has to pay approximately 170 billion baht (around $5.2 billion) to the
farmers.Critics say corruption is ripe in the scheme and has cost tax payers hundreds of billions of baht (tens of
billions of dollars). Since Yingluck is the nominal head of the National Rice Committee, she is likely to face
charges.The NACC may also investigate the role of the former Commerce Minister in the government-to-

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government deals. He was sacked by Yingluck in June 2013 for not being able to answer public concerns about
the deals.Locals are skeptical about the likelihood of those responsible actually being held accountable.

Thailand Exchange Plans Auction of Pledged Rice on January 22, Despite Political
Rifts
Jan 16, 2014

The Agricultural Futures Exchange of Thailand (AFET) is planning a new round of rice auctions from
government stocks on January 22, 2014, despite ongoing political protests in Bangkok, according to the Thai
News Bureau.The auctions were originally scheduled for January 15 but were postponed.The AFET said that
the price offered by bidders from the last year's auction would be used as base for setting the default prices for
the January 22 auction. It also said that the offer would comprise of 110,000 tons of white rice with 5% water
content from silos in Saraburi, Lopburi and Phitsanulok , and 38,000 tons of second grade Jasmine fragrant rice
from Ubon Ratchathani and Nakhon Ratchasima barns.The exchange expects the bidding to be more interesting
as there are more varieties of rice in the coming auction as compared to the earlier auctions.
Tags: Thailand rice mortgage scheme, Thailand rice auctions, Agricultural Futures Exchange of Thailand

Oryza U.S. Rough Rice Recap – Price Ideas Unchanged, Despite Dismal Export Sales
Jan 16, 2014

The U.S. cash market was uneventful today with buyer and seller price ideas unchanged despite the fact the
USDA reported dismal export sales numbers.As of today, offers were firm near $15.55-$16.66 per fob farm
(about $343-$367 per ton), depending on where they are located in the U.S. mid-South, for January through
March shipment.Bids from larger mills and exporters could both be found around $15.15 per cwt (about $334$345 per ton), for January through March delivery, although there are still reports of smaller paying more than
$16.00 per cwt (about $353 per ton) for delivery before April.In the meantime, today the USDA reported that
cumulative net export sales for the week ending on January 9th, totaled 7,100 tons, a marketing year low, which
was 92% lower than last week and 91% lower than the prior 4-week average.Increases were reported for the
following destinations including: 1,900 tons to Mexico, 1,500 tons to Canada, 700 tons to Israel, 700 tons to
Hong Kong, and 400 tons to Singapore.U.S. rice exporters shipped 50,300 tons, which was 39% lower than the
previous week and 40% lower than the prior 4-week average. The primary destinations included: 24,800 tons to
Mexico, 7,300 tons to Haiti, 4,000 tons to Saudi Arabia, 3,100 tons to Jordan, and 2,700 tons to Taiwan.
Tags: U.S. rice prices, U.S. rice market

Oryza Rice Currency Analysis for Today – Argentine Peso Down Nearly 1%
Jan 16, 2014

Cell # 92 321 369 2874

U.S. dollar index was down -0.15% from the open today, when it traded at 80.909 at the close.
Euro was stronger +0.09% today by the close, trading around 1.3618 by end of day, after trading between an
intraday high of 1.3650 and low of 1.3583. The dollar slipped today even as jobless claims painted a very
optimistic picture of the U.S. economy.
Thai baht was stronger +0.26%, trading at 32.785 at the close of business.
Indian rupee was stronger +0.01% at 61.5425.
Brazilian real was -0.09% weaker than the open at today’s close, when it ended at 2.3614 reais per dollar.
Pakistan rupee was -0.06% weaker at 105.4900.
Vietnamese dong was -0.05% weaker, trading at 21100.
Mexican peso was -0.55% weaker today, when it traded at 13.2718 pesos per dollar by the close of business
today.
Chinese yuan was weaker -0.16%, trading at 6.0560.
Argentine peso was -0.96% weaker, trading at 6.7737 pesos per dollar.
Tags: foreign exchange rates

Italian Minister of Agriculture May be Forced from Office; Departure Could Impact
Efforts to Limit Duty-Free LDC Rice Imports
Jan 16, 2014

Italy’s Minister of Agriculture, Nunzia De Girolamo, may be forced to step down amid accusations she
improperly exerted influence over the choice of public healthcare managers in 2012.At an EU meeting back in
December 2013, De Girolamo represented the Italian rice industry – with support from Bulgaria, Greece, Spain,
France, and Portugal - in asking the EU to stop duty-free rice imports from LDC (Least Developed Countries)
due to increased alarm European rice producers were facing from rising duty-free rice imports from LDCs
under the Everything But Arms (EBA) agreement. With De Girolamo facing charges, her and the EU rice
industry’s efforts to restrict LDC duty-free rice imports to Europe may be delayed. Ente Nazionale Risi, Italy’s
National Rice Agency, reports that rice imports from LDCs Cambodia and Myanmar increased from 31,750
tons in 2009-10 to 129,299 tons in 2012-13, including 123,182 tons of from Cambodia and 3,952 tons from
Myanmar. Myanmar has only enjoyed LDC status since 2013 after resolving some EU issues with local labor
practices.
Tags: italian rice industry, EU rice imports, asia rice exports, Everything But Arms (EBA), LDC (Least Developed Countries)

Cell # 92 321 369 2874

Iraq Tenders to Buy 30,000 Tons of Rice
Jan 16, 2014

Iraq has tendered to buy 30,000 tons of rice. Iraq is accepting bids for long-grain rice from the US, Uruguay,
Argentina, and Brazil and bids for medium-grain rice from Spain, the U.S., and Australia.Offers must be
submitted by February 2 and valid until February 6.
Tags: Iraq rice tender

Buyers Beware: Rice Companies Try to Trick Consumers with Low Quality Rice,
Change Packing with Markers
Jan 16, 2014

Taiwan’s Agriculture and Food Agency (AFA), an arm of the Council of Agriculture (COA) will inspect
packaged rice in Taiwan every month from this year after finding mislabeled rice on store shelves.Inspections
by the COA officials in the state brought to light that many rice bands are mislabeling low-cost rice as more
expensive rice, deceiving the consumers.Instead of decreasing the prices of downgraded packages, companies
are changing the names of the products on the labels, sometimes even with markers.
While some have pushed for the revocation of companies’ licenses, the Food Administration Act governs only
food labels and the quality of food products; it does not deal with pricing.However, some companies were fined
for mislabeling and told to revise their labels within 24 days, and the COA has also asked consumers to boycott
packages with unreasonable prices or doubtful labels. Trying to escape blame, the rice selling companies
demanded that the government pay more attention to rice that is sold in bulk, saying most of those products are
not well labeled and thus they claim they cannot identify the rice quality they are pricing and selling to
consumers. The AFA said it will randomly inspect 80-90 packages on a monthly basis starting this year.
Tags: buyers beware, rice quality, Taiwan rice sector

Louisiana University's AgCenter Educates Rice Farmers through Clinics; US Farm
Bill Uncertainty Poses GreatestChallenge
Jan 16, 2014

Louisiana State University's professors are assisting the rice farmers through rice clinics to get ready for the
coming 2014 rice season.With the Louisiana’s rice season less than two months away, the clinics are providing
the farmers with the latest farming practices and production alternatives. The farmers are also educated about
expected yield data on various rice varieties as well as optimal fertilization rates. The knowledge helps the
farmers to maximize net returns on their investments. The clinics also aim to keep the farmers well-informed

Cell # 92 321 369 2874

about the possible insect and plant disease problems and the methods to control them. They will also educate
the farmers regarding the US rice commodity market and the ways to benefit from it.
While farmers will face the usual challenges this year such as potential hurricanes, droughts and excessively
high temperatures, Steven Linscombe, the director of the University's Rice Research Station, says the delay of
proposed U.S. Farm Bill is a major challenge to farmers as they decide what crops to plant.
Tags: Louisiana State University, U.S. Farm Bill

Coal Seam Gas Activities to Impact Rice Production in Eastern Australia; Rice
Industry Demands Critical Recognition
Jan 16, 2014

The Ricegrowers’ Association of Australia has applied to the New South Wales (NSW) government to
recognize the rice sector as a 'critical industry cluster' (CIS). The association is seeking to protect the rice
producing land from negative effects of the Coal Seam Gas (CSG) activities in the area.The association has
reacted to an application by a private gas company to explore the NSW region for CSG reserves.
The rice growers association's executive director said they are not opposed to gas development in the area but
are concerned that CSG activities would impact rice production in the region.Although the government has
introduced Strategic Regional Land Use Policy (SRLUP) - a mechanism to protect strategic agricultural land
through an independent scientific assessment prior the development application stage - the farmers are keen on
getting CIS status for the rice sector. The government has recognized viticulture and the horse breeding and
training industries in the area as CISs.CSG is a natural gas found in coal deposits and it can be used for cooking
and heating as well as in industrial processes and electricity generation.The USDA estimates the milled rice
production in Australia at 680,000 tons in the year 2013-14 around 19% lower compared to 840,000 tons in
2012-13 due to a 12% decline in rice acreage to 100,000 hectares from last year's 114,000 hectares. Australia
will export 520,000 tons and import about 140,000 tons in 2013-14, according to USDA estimates.
Tags: Ricegrowers’ Association of Australia, Coal Seam Gas (CSG), Australia rice production, Strategic Regional Land Use Policy (SRLUP)

U.S. Rice Export Sales Disappoint
Jan 16, 2014

In the week ending January 9, US rice exporters sold 7,100 tons of rice from the 2013-14 crop, the USDA
reports. This is a marketing year low and down 92% from the previous week and down 91% from the prior 4week average. Increases were reported for Mexico (1,900 tons), Canada (1,500 tons), Israel (700 tons), Hong
Kong (700 tons), and Singapore (400 tons).

Cell # 92 321 369 2874

US rice exporters shipped 50,300 tons of rice, down 39% from the previous week and down 40% from the prior
4-week average. The primary destinations were Mexico (24,800 tons), Haiti (7,300 tons), Saudi Arabia (4,000
tons), Jordan (3,100 tons), and Taiwan (2,700 tons).
Tags: USDA rice export sales, US rice exports

Vietnam, Pakistan Rice Sellers Increase Some of Their Quotes Today
Jan 16, 2014

Vietnam rice sellers increased their quotes for 5% broken rice and 25% broken rice by about $5 per ton and $10
per ton respectively to about $400 - $410 per ton and $375 - $385 per ton respectively today. Pakistan rice
sellers increased their quotes for 5% broken rice and parboiled rice by about $5 per ton each to about $395 $405 per ton and $425 - $435 per ton respectively. Thailand and India rice sellers kept their quotes mostly
unchanged.
5% Broken Rice
Thai 5% rice (of new crop) is quoted around $440 - $450 per ton, about a $40 per ton premium over Viet 5%
rice shown around $400 - $410 per ton, up about $5 per ton from yesterday. Thai 5% rice of the old crop is
shown around $370 - $380 per ton.
Indian 5% rice is quoted around $405 - $415 per ton, about a $10 per ton premium over Pak 5% rice quoted
around $395 - $405 per ton, up about $5 per ton from yesterday.
25% Broken Rice
Thai 25% rice (of new crop) is quoted about $385 - $395 per ton, about a $10 per ton premium over Viet 25%
rice shown around $375 - $385 per ton, up about $10 per ton from yesterday. Thai 25% rice of the old crop is
shown around $345 - $355 per ton.
Indian 25% rice is quoted about $360 - $370 per ton, about a $15 per ton premium over Pak 25% rice quoted
around $345 - $355 per ton.
Parboiled Rice
Thai parboiled rice of the old crop is quoted around $450 - $460 per ton.
Indian parboiled rice is quoted around $395 - $405 per ton, about a $30 per ton discount to Pak parboiled rice
quoted around $425 - $435 per ton, up about $5 per ton from yesterday.
100% Broken Rice

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Thai broken rice, A1 Super, of the old crop is quoted around $305 - $315 per ton, about a $50 per ton discount
to Viet broken rice shown around $355 - $365 per ton.
Indian broken sortexed rice is quoted about $295 - $305 per ton, about a $20 per ton discount to Pak broken
sortexed rice quoted around $315 - $325 per ton.
Tags: asian rice quotes

Oryza Shares Press Release - Arkansas Rice Council, Rice Farmers To Hold Annual
Meeting Jan. 30 in Stuttgart: Ducks Unlimited CEO Dale Hall to headline
Jan 16, 2014

Little Rock, Ark. - The Arkansas Rice Council and Arkansas Rice Farmers will hold their annual meeting and
trade show Thursday, Jan. 30, in Stuttgart at the Grand Prairie Center beginning at 9:00 a.m. Ducks Unlimited
(DU) CEO Dale Hall will headline the event, which will focus on waterfowl conservation and rice
production."The Arkansas Rice Annual Meeting will provide insight into the U.S. rice industry's new
stewardship partnership with Ducks Unlimited," said Arkansas Rice Federation Executive Director Ben Noble.
"We are excited to work alongside a conservation group to preserve and expand the benefits that waterfowl, rice
fields and water contribute to society.
"In addition to Hall, USA Rice President and CEO Betsy Ward will provide an update on USA Rice activities,
share recent successes, and outline future efforts to further promote the industry. Steve "Wildman" Wilson with
the Arkansas Game and Fish Commission will serve as the master of ceremonies.Arkansas Rice Farmers will
also hold an election for their Board of Directors District 5 position, which includes the following counties:
Crawford, Franklin, Johnson, Logan, Pope, Yell, Conway, Perry, Saline, Pulaski, Faulkner, Lonoke, White,
Cleburne, Stone and Independence. Eligible voters must have rice acreage registered with the U.S. Department
of Agriculture Farm Service Agency (USDA FSA) in one of District 5's sixteen counties.The Arkansas Rice
Annual Meeting is sponsored in part by Ag-Pro Companies. An awards luncheon will follow the meeting for all
registered guests. Interested individuals may register online at www.arkansasricefarmers.org/registration2014or
call 501-375-1100.
Tags: Ducks Unlimited, Arkansas Rice Council, Arkansas Rice Farmers

Oryza Global Rice Quotes
January 16th, 2014
Long grain white rice - high quality
Thailand 100% B grade
450-460
Vietnam 5% broken 400-410
↑
India 5% broken
405-415
↔
Pakistan 5% broken 395-405
↑

↔

Cell # 92 321 369 2874

Cambodia 5% broken 450-460
↓
U.S. 4% broken
585-595
↔
Uruguay 5% broken 625-635
↔
Argentina 5% broken 625-635
↔
Long grain white rice - low quality
Thailand 25% broken 385-395
↔
Vietnam 25% broken 375-385
↑
Pakistan 25% broken 345-355
↔
Cambodia 25% broken
425-435
↓
India 25% broken
360-370
↔
U.S. 15% broken
565-575
↔
Long grain parboiled rice
Thailand parboiled 100% stxd
450-460
Pakistan parboiled 5% broken stxd 425-435
India parboiled 5% broken stxd
395-405
U.S. parboiled 4% broken
660-670
↔
Brazil parboiled 5% broken 590-600
↔
Uruguay parboiled 5% broken
NQ ↔
Long grain fragrant rice
Thailand Hommali 92%
945-955
↔
Vietnam Jasmine
560-570
↔
India basmati 2% broken
1515 -1525 ↔
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Malis 895-905
↓
Brokens
Thailand A1 Super
305-315
↔
Vietnam 100% broken
355-365
↔
Pakistan 100% broken stxd 315-325
↔
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
620-630
↔
Egypt medium grain 6%
NQ ↔

↔
↑
↔

All prices USD per ton, FOB vessel, oryza.com
Material published with permission of ORYZA

Cell # 92 321 369 2874

Yingluck to be probed, ex-ministers charged on rice scheme
Published: 16 Jan 2014 at 18.48
The anti-graft agency will investigate caretaker Prime Minister
Yingluck Shinawatra's role in the rice pledging scheme after
bringing formal charges of corruption against two of her cabinet
ministers. About 50 farmers in Buri Ram rally at the provincial
hall on Thursday to demand quick payment for their pledged
rice. The National Anti-Corruption Commission has found the
scheme plagued with corruption. (Photo by Surachai
Piraksa).The National Anti-Corruption Commission (NACC)
will check to see if she was negligent in her duties as chair of the
National Rice Policy Committee.Ms Yingluck failed or had no
intention to stop the alleged corruption and she could face criminal charges, said NACC member and
spokesman Visa Mahakhun, who chaired the inquiry panel into the issue.
Former commerce minister Boonsong Teriyapirom and ex-deputy commerce minister Poom Sarapol were
charged by the agency, together with 13 other persons including former director-general of the External Trade
Department Manas Sroypol who was involved in negotiations to sell rice to two Chinese state enterprises on
government-to-government contracts.The NACC has found no evidence that the two firms - Guangdong
Stationery & Sporting Goods Import & Export Corp, and Hainan Grain & Oil Industrial Trading Co - had been
authorised by the Chinese government to buy the rice under the government-to-government scheme. It also
found no evidence that the rice had been exported to China.
The NACC investigators excluded Ms Yingluck from its inquiry and concentrated on the persons directly
involving in attempts to sell the rice under the scheme.Anti-graft investigators spent more than one year before
reaching the conclusion by questioning more than 100 witnesses and reading more than 10,000 pages of
evidence.Mr Vicha said Ms Yingluck will be called on to defend the case and added that the NACC will try to
wrap up the probe on the caretaker prime minister as soon as possible.Mr Boonsong and Mr Poom and 13 other
persons will be summoned to listen to the charges.Democrat Party spokesman Chavanond Intarakomalyasut
urged stern action against those found guilty in the case as the scheme had severely damaged the country."We
would like to see the NACC make the right decision and see politicians who want to promote themselves at the
expense of the national image punished,'' he said.

For Advertisement: Mujahid Ali
mujahid.riceplus@gmail.com +92 321 369 2874

Cell # 92 321 369 2874

17th january ,2014 daily exclusive oryza news by riceplus magazine

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