18th december,2014 daily exclusive oryza rice e newsletter by riceplus magazine

December 18, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
Riceplus Magazine wwww.ricepluss.com
mujahid.riceplus@gmail.com Cell: +92 321 369 2874
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Daily Exclusive ORYZAE-Newsletter
Compiled & Edited by Riceplus Magazine
www.ricepluss.comm
December 18, 2014
Vol 4 Issue XI

December 18, 2014
28
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News Headlines…
News Details…
FAO Estimates Sierra Leone to Import 215,000
Tons of Rice in 2015; Slightly Up from 2014
 FAO Estimates Sierra Leone to Import 215,000 Tons
of Rice in 2015; Slightly Up from 2014
 FAO Estimates Guinea to Import 320,000 Tons of Rice
in 2015; Up 7% from 2014
 India Rice Sellers Lower Some of Their Quotes
Today; Pakistan Rice Sellers Increase Some of Their
Quotes
 Laos Targets Rice Exports to China
 Global Rice Quotes
 Nepal 2014-15 Paddy Rice Production Estimated at
4.78 Million Tons; Down 5% from Last Year
 Low Land Flooded Rice Ecosystems Act as Net
Carbon Sink, Finds Study
 Oryza Overnight Recap - Chicago Rough Rice Seen
Trading Higher as Market Looks to Recover from
Yesterday's Loss
 Oryza Afternoon Recap - Chicago Rough Rice Futures
Tick Higher as Headlines of Easing US-Cuba
Relations Provide Support to US Grains
 Depreciating Rupee Puts Downward Pressure on
Indian Rice Export Prices
 Laos Targets Rice Exports to China
 Oryza U.S. Rough Rice Recap - Prices Hold as Market
Waits for IGB Results
 Philippines Rice Stocks Stand at 2.95 Million Tons as
of November 1, 2014; Up 63% m/m and Up 21% y/y

December 18, 2014
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Dec 17, 2014
The UN's Food and Agriculture Organization (FAO) has estimated Guinea's 2015 rice, basis
milled, imports at around 215,000 tons, slightly from 2014. The expected increase in imports is
attributed to shortfalls in 2014 production levels.The FAO estimates Guinea's 2014 milled rice
production at around 770,000 tons (around 1.15 million tons, basis paddy), down about 8% from
around 831,600 tons (around 1.25 million tons, basis paddy) last year, despite favorable weather
conditions and timely rains due to the Ebola Virus Disease (EVD) outbreak, which has severely
affected the country since the beginning of this year. The government's measures to control the
outbreak of EVD led to shortfalls in labor and agricultural inputs leading to a decline in
production.
In Sierra Leone, rice is the most significant crop and accounts for about 85% of total cereal
production. Much of the decline in production has occurred due to border closures,
restrictions/ban of people movement, people fleeing the country and reluctance of labor to work
in groups.The FAO estimates that the country to have very little ending stocks in 2014 assuming
high domestic utilization given lower production.Average retail prices of both imported and local
rice have remained nearly stable from August this year due to increased supplies from local
production. However, prices in some EVD affected districts in Southern and Northern provinces
are found to be exceptionally high.
FAO Estimates Guinea to Import 320,000
Tons of Rice in 2015; Up 7% from 2014
Dec 17, 2014
The UN's Food and
Agriculture
Organization (FAO)
has estimated
Guinea's 2015 rice,
basis milled,
imports at around
320,000 tons, up
about 7% from
around 300,000 tons
in 2014. The
probable increase in

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imports is attributed to shortfalls in 2014 production levels.
The FAO estimates Guinea's 2014 milled rice production at around 1.315 million tons (around
1.976 million tons, basis paddy), down about 4% from around 1.368 million tons (around 2.075
million tons, basis paddy) last year, despite favorable weather conditions and timely rains due to
the Ebola Virus Disease (EVD) outbreak, which has severely affected the country since the
beginning of this year. The government's measures to control the outbreak of EVD led to
shortfalls in labour and agricultural inputs leading to a decline in production.In Guinea, rice is
the most significant crop and is grown in about 80% of agricultural land. Much of the decline in
production has occurred due to border closures, restrictions/ban of people movemnet, people
fleeing the country and reluctance of labor to work in groups.
The FAO estimates that the country to have very little ending stocks in 2014 assuming increased
domestic utilization.Average retail prices of both imported and local rice have remained nearly
stable from August this year due to increased supplies from local production despite border
closures with neighbouring Senegal, Liberia, Sierra Leone and Guinea-Bissau leading to
declined trade.
India Rice Sellers Lower Some of Their
Quotes Today; Pakistan Rice Sellers Increase
Some of Their Quotes
Dec 17, 2014
India rice sellers lowered their quotes for 5% broken rice by about $5 per ton to around $385 -
$395 per ton today. Pakistan rice sellers increased their quotes for 100% broken rice by about $5
per ton to around $300 - $310 per ton. Other Asia rice sellers kept their quotes mostly
unchanged.
5% Broken Rice
Thailand 5% rice is quoted at around $405 - $415 per ton, about $20 per ton premium on
Vietnam 5% rice shown at around $385 - $395 per ton. India 5% rice is quoted at around $385 -
$395 per ton, down about $5 per ton from yesterday and about $15 per ton premium on Pakistan
5% rice quoted at around $370 - $380 per ton.
25% Broken Rice

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Thailand 25% rice was last quoted at around $350 - $360 per ton, on par with Vietnam 25% rice
shown at around $350 - $360 per ton. India 25% rice is quoted at around $350 - $360, about $20
per ton premium on Pakistan 25% rice quoted at around $330 - $340 per ton.
Parboiled Rice
Thailand parboiled rice is quoted at around $405 - $415 per ton. India parboiled rice is quoted at
around $375 - $385 per ton, about $35 per ton discount to Pakistan parboiled rice quoted at
around $410 - $420 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is quoted at around $330 - $340 per ton, on par with Vietnam
100% broken rice shown at around $330 - $340 per ton. India's 100% broken rice is shown at
around $300 - $310 per ton, on par with Pakistan broken sortexed rice quoted at around $300 -
$310 per ton, up about $5 per ton from yesterday.
Laos Targets Rice Exports to China
Dec 17, 2014
Laos is considering rice exports to China
given the Chinese preference for sticky
rice, according to local sources.The
country's Vice-Minister of Agriculture
and Forestry told local sources that over
200 million people in China prefer sticky
rice and their increasing rice production
for export to China could be very
profitable and encouraging to the Laos
rice sector. He noted that the government
is planning to boost plantation of
aromatic rice while ensuring both quality
and quantity. The government will allocate farmland in 10 provinces across the country for the purpose,
he added.
The Vice-Minister was attending the eighth Ordinary Session of the National Assembly
Convention, scheduled between December 9-26, 2014, in Lao capital Vientiane.Laos is almost
self-sufficient in rice production and consumes almost all of the output domestically and imports
about 10,000 tons of rice annually to meet the consumption demand. This year, the South-East

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Asian nation is likely to be fully self-sufficient in rice production without the need for importing
rice, according to the UN's Food and Agricultural Organization (FAO).
Given abundant agricultural land and water sources, the government has been planning to boost
rice production by about 1 million tons and become net exporter of rice by 2015. In line with the
targets, the government is targeting a paddy yield of around 2.9 tons per hectare from around
720,000 hectares of paddy rice area in 2014, according to local sources. The government has
been seeking support from Vietnam and China to develop improved rice varieties, which are
adaptable to climate changes. It has also been encouraging domestic and foreign investment in
rice production to help farmers increase yield through access to technology and newer
production techniques.
USDA estimates Laos to produce around 1.55 million tons of milled rice (around 2.46 million
tons, basis paddy) in MY 2013-14 (January 2014 - December 2014) and import around 10,000
tons of rice to meet consumption needs of around 1.58 million tons.
Global Rice Quotes
December 17th, 2014
Long grain white rice - high quality
Thailand 100% B grade 420-430 ↔
Vietnam 5% broken 385-395 ↔
India 5% broken 385-395 ↓
Pakistan 5% broken 370-380 ↔
Cambodia 5% broken 460-470 ↔
U.S. 4% broken 540-550 ↔
Uruguay 5% broken 595-605 ↔
Argentina 5% broken 595-605 ↔

December 18, 2014
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Long grain white rice - low quality
Thailand 25% broken NQ ↔
Pakistan 25% broken 330-340 ↔
Cambodia 25% broken 435-445 ↔
India 25% broken 350-360 ↔
U.S. 15% broken 495-505 ↔
Long grain parboiled rice
Thailand parboiled 100% stxd 405-415 ↔
Pakistan parboiled 5% broken stxd 410-420 ↔
India parboiled 5% broken stxd 375-385 ↔
U.S. parboiled 4% broken 580-590 ↔
Brazil parboiled 5% broken 570-580 ↔
Uruguay parboiled 5% broken NQ ↔
Long grain fragrant rice
Thailand Hommali 92% 900-910 ↔
Vietnam Jasmine 515-525 ↔
India basmati 2% broken NQ ↔
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Mails 820-830 ↔
Brokens
Thailand A1 Super 330-340 ↔

December 18, 2014
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Pakistan 100% broken stxd 300-310 ↑
Cambodia A1 Super 385-395 ↔
India 100% broken stxd 300-310 ↔
Egypt medium grain brokens NQ ↔
U.S. pet food 390-400 ↔
Brazil half grain NQ ↔
All prices USD per ton, FOB vessel, oryza.com
Nepal 2014-15 Paddy Rice Production
Estimated at 4.78 Million Tons; Down 5%
from Last Year
Dec 17, 2014
Nepal's 2014 paddy rice production is likely to decline about
5.1% to around 4.78 million tons from around 5 million tons last
year due to a late monsoon and untimely rainfall, sources from
the Ministry of Agricultural Development (MAD) were quoted
as saying.While unveiling a preliminary summer crop production
report, the MAD officials noted that rainfall during the paddy
transplantation period (June - September) was about 6% below
normal and transplantation in some regions of the eastern Tarai districts was left incomplete.
They also noted that per hectare paddy yields declined to around 2.43 tons from around 3.53 tons
last year.They said other factors such as widening of urban areas, land plotting from residential
development and natural disasters have contributed to fall in production. They noted that while
about 61,000 hectares of paddy land has been left uncultivated, about 23,900 hectares were
damaged by floods and landslides this year.
According to Nepal Rastra Bank's (NRB) statistics, Nepal's 2013-14 paddy output was at around
5.04 million tons, up about 12% from around 4.5 million tons in 2012-13 due to timely rains and
favorable weather conditions. The NRB statistics show that the south Asian nation imported rice
worth Rs.12.37 billion (around $121.45 million) in 2013-14, up about 46% from around Rs.8.47
billion (around $83.16 million) despite surplus rice stocks of around 800,000 tons from the

December 18, 2014
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previous fiscal due to rising disposable incomes and the Nepalese preference for better quality
quality rice. Nepal mostly imports 'masino' rice.
USDA estimates Nepal to produce around USDA estimates Nepal’s MY 2014-15 (October 2014
– September 2015) milled rice production to slightly increase to about 3.1 million tons (around
4.65 million tons, basis paddy) from an estimated 3.36 million tons (around 5.05 million tons,
basis paddy) in MY 2013-14. It estimates Nepal to import 300,000 tons of rice in 2014 and
around 350,000 tons of rice in 2015.
Low Land Flooded Rice Ecosystems Act as
Net Carbon Sink, Finds Study
Dec 17, 2014
A study by the India-based Central Rice
Research Institute (CRRI) under the Indian
Agriculture Ministry has found that the low land
flooded rice ecosystem, which is often viewed
as a source of methane emissions contributing to
global warming, can store carbon in soil and
behave a net carbon sink, according to local
sources. The study has found that rice
cultivation through flooded cultivation method
does not release carbon into the atmosphere.
The CRRI scientists have conducted the study with special focus on East Indian states, where
rice is mostly cultivated through the flooded cultivation method. They noted that flooded rice
ecosystems in the Eastern India have been acting a net carbon sink rather than contributing to
carbon emissions.
“Carbon inputs in rice field through photosynthesis, biomass and organic carbon added as
manure exceed output, making paddy cultivation in eastern regions as carbon sinks rather than
carbon emitters,” one of the scientists involved in the study was quoted as telling local
sources.East Indian states (Bihar, West Bengal, Jharkhand and Odisha) contribute to about 31%
of India's total rice production. They accounted for about 33 million tons of rice production in
2012-13, according to the Directorate of Economics and Statistics. India produced around 105
million tons of rice in 2012-13 and around 106 million tons of rice in 2013-14.
Oryza Overnight Recap - Chicago Rough

December 18, 2014
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Rice Seen Trading Higher as Market Looks
to Recover from Yesterday's Loss
Dec 17, 2014
Chicago rough rice futures for Jan delivery were trading 7 cents per cwt (about $2 per ton)
higher at $12.150 per cwt (about $268 per ton) during early floor trading in Chicago. The other
grains are seen trading mixed: soybeans are currently seen 0.3% lower, wheat is listed about
0.7% higher and corn is currently trading unchanged.
U.S. stocks climbed on Wednesday, with the Dow and S&P 500 rising after a three-session drop,
as investors bet that the Federal Reserve would continue to support the economy while readying
for an interest-rate increase. The central bank ends a two-day meeting Wednesday afternoon,
with most expecting the Fed will drop the "considerable-time" language from its statement as it
prepares to start hiking rates in 2015. The consumer price index fell 0.3% in November, the
largest drop since 2008. The Dow Jones Industrial Average rose 94.12 points, or 0.5%, to
17,162.99. The S&P 500 added 12.38 points, or 0.7%, to 1,985.12, with energy pacing gains
among its 10 major sectors and industrials the sole laggard. The Nasdaq gained 24.89 points, or
0.6%, to 4,572.73. Gold is currently trading about 0.4% higher, crude oil is seen trading about
1.1% lower, and the U.S. dollar is currently trading about 0.2% higher at 8:40am Chicago time.
Oryza Afternoon Recap - Chicago Rough
Rice Futures Tick Higher as Headlines of
Easing US-Cuba Relations Provide Support
to US Grains
Dec 17, 2014
Chicago rough rice futures for Jan delivery settled 3.5 cents per cwt (about $1 per ton) lower at
$12.115 per cwt (about $267 per ton). Rough rice futures got off to a strong start during morning
trading, at one point gaining as much as 12.5 cents per cwt (about $3 per ton) before coming
under renewed selling pressure as the trading session wore on. Today’s move is seen as
technically bearish as the market faced firm selling and failed to continue higher as it traded near
overhead resistance at $12.210 per cwt (about $269 per ton), provided by the short-term 5-day
moving average. Today’s gains were likely attributed to outside support as the grain complex as

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a whole traded higher in response to news that US-Cuban trade relations may improve; Soybeans
closed about 0.3% higher at $10.2700 per bushel; wheat finished about 4.1% higher at $6.4850
per bushel, and corn finished the day about 0.6% higher at $4.0825 per bushel.
U.S. stocks climbed on Wednesday, after the Federal Reserve made its policy announcement.
Energy producers led Wall Street gains, and the price of oil turned higher. The cost of living
declined in November as energy prices fell, with the Labor Department's consumer price index
falling 0.3%, the largest drop since 2008. Low inflation gives the Fed more reign to take its time
in increasing rates. The core rate, which excludes food and energy, climbed at a slower pace than
last month. After a 182-point jump, the Dow Jones Industrial Average was lately up 149.41
points, or 0.9%, to 17,218.28. The S&P 500 added 21.58 points, or 1.1%, to 1,994.32, with
energy pacing gains among its 10 major sectors and industrials the sole laggard. The Nasdaq
gained 39.70 points, or 0.9%, to 4,587.54. Gold is trading about 0.4% lower, crude oil is seen
trading about 2.7% higher, and the U.S. dollar is seen trading about 0.4% higher at
about 1:00pm Chicago time.Tuesday, there were 2,514 contracts traded, up from 940 contracts
traded on Monday. Open interest – the number of contracts outstanding – on Tuesday decreased
by 201 contracts to 10,350.
Depreciating Rupee Puts Downward
Pressure on Indian Rice Export Prices
Dec 17, 2014
Indian rupee, which hit 13-month low to around Rs.63.53
against the U.S. dollar, due to declining crude oil prices, has
started putting downward pressure on Indian rice export
prices, according to local sources. Crude oil prices have fell
to around $55 per barrel (Texas Intermediate (WTI)
futures) on Tuesday.Experts are expecting Indian rupee to
cross Rs.64 levels in the coming weeks owing to global
factors and year-end profit bookings.
Paddy rice prices in India have been tumbling for the last couple of months due to increased
supplies from the ongoing kharif rice crop (June - December) harvest. On the other hand, stiff
competition between rice exporting countries such as Vietnam, Thailand and Pakistan coupled
with increased exportable surpluses in these countries have led to decline in export rice prices in
the last couple of months. According to the UN's Food and Agriculture Organization (FAO),
average export prices of India 25% broken rice declined about 2.4% in November 2014 to

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around $362 per ton from around $379 per ton in October 2014.
Weakening rupee is adding to the already declining export rice prices. Average prices of India
5% broken rice fell to around $385-$395 per ton (FOB) today, down about 2.5% from around
$400 per ton last week. Local sources say Indian exporters are forced to reduce prices in tune
with Thailand and Vietnam sellers. While Thailand is keen on selling its nearly 17 million tons
of rice stocks accumulated from the rice pledging scheme introduced by the previous
government, Vietnam is keen on exporting as much rice as possible from the recent harvest.
However, India's exports have been subdued for the past few months due to Iran's temporary ban
on rice imports. Iran is an important export market for India's basmati rice and accounts for about
30% of India's total basmati rice exports.
India exported around 5.926 million tons of rice (1.64 million tons of basmati and 3.64 million
tons of non-basmati) in the first six months (April - September 2014) of FY 2014-15, down
about 4% from around 5.51 million tons (1.94 million tons of basmati and 3.58 million tons of
non-basmati) exported during the same period last year, according to data from the Agricultural
& Processed Food Products Export Development Authority (APEDA)
Laos Targets Rice Exports to China
Dec 17, 2014
Laos is considering rice exports to China given the Chinese
preference for sticky rice, according to local sources.The country's
Vice-Minister of Agriculture and Forestry told local sources that
over 200 million people in China prefer sticky rice and their
increasing rice production for export to China could be very
profitable and encouraging to the Laos rice sector. He noted that
the government is planning to boost plantation of aromatic rice
while ensuring both quality and quantity. The government will
allocate farmland in 10 provinces across the country for the purpose, he added.
The Vice-Minister was attending the eighth Ordinary Session of the National Assembly
Convention, scheduled between December 9-26, 2014, in Lao capital Vientiane.Laos is almost
self-sufficient in rice production and consumes almost all of the output domestically and imports
about 10,000 tons of rice annually to meet the consumption demand. This year, the South-East
Asian nation is likely to be fully self-sufficient in rice production without the need for importing
rice, according to the UN's Food and Agricultural Organization (FAO).Given abundant
agricultural land and water sources, the government has been planning to boost rice production

December 18, 2014
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by about 1 million tons and become net exporter of rice by 2015.
In line with the targets, the government is targeting a paddy yield of around 2.9 tons per hectare
from around 720,000 hectares of paddy rice area in 2014, according to local sources. The
government has been seeking support from Vietnam and China to develop improved rice
varieties, which are adaptable to climate changes. It has also been encouraging domestic and
foreign investment in rice production to help farmers increase yield through access to technology
and newer production techniques.
USDA estimates Laos to produce around 1.55 million tons of milled rice (around 2.46 million
tons, basis paddy) in MY 2013-14 (January 2014 - December 2014) and import around 10,000
tons of rice to meet consumption needs of around 1.58 million tons.
Oryza U.S. Rough Rice Recap - Prices Hold
as Market Waits for IGB Results
Dec 17, 2014
The U.S. cash market was unchanged today with little to no trading occurring as many in the
industry are eagerly awaiting the results of the latest Iraqi tender which will be announced next
week and will likely determine the price direction for U.S. rice going into the new
year.Meanwhile, many in the industry were encouraged today after President Barack Obama
announced that the U.S. government is initiating talks to resume diplomatic relations with Cuba
and loosening trade and travel restrictions on the nation.
Cuba was once the largest market for U.S. rice and any increase in export demand is welcomed
by the industry; however, analysts note that U.S. rice would still need to compete with less
expensive rice from Asia.
Philippines Rice Stocks Stand at 2.95 Million
Tons as of November 1, 2014; Up 63% m/m
and Up 21%
Total rice stocks in the Philippines as of November 1, 2014 reached around 2.95 million tons, up
about 63% from around 1.81 million tons recorded in October 2014, and up about 21% from
around 1.77 million tons recorded during the same period last year, according to the Bureau of

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Agricultural Statistics (BAS).
According to the BAS,
household stocks (which
account for about 54.8% of
total rice stocks in the
country) have reached
around 1.62 million tons as
of November 1, 2014, up
about 12% from year-ago
levels of around 1.45
million tons. Commercial
warehouse rice stocks
(which account for about
30.6% of total stocks) have
reached around 900,000
tons as of November 1,
2014, up about 41% from
their year-ago levels of
around 640,000 tons. The
rice stocks with the National
Food Authority (NFA)
(which account for 14.6% of
total stocks) stood at around
430,000 tons, up about 23%
from around 350,000 tons
recorded in November 2013.
Month-on-month, household rice stocks are up about 95%, commercial warehouse rice stocks are
up about 73% and NFA rice stocks - in which about 96% are imported rice - are down about 4%,
according to the BAS.The BAS says that the Philippines' rice stocks as of November 1, 2014 are
enough to last for 87 days (household stocks are enough for 47 days, commercial warehouses
stocks are enough for 27 days and stocks with NFA are enough for 13 days).
The NFA had imported about 1.8 million tons of rice since the beginning of 2014 (including 1.5
million tons of this year's imports and 300,000 tons of last year's imports) to replenish rice stocks
and control price hikes. It has recently allowed the private sector to import another 187,000 tons
of rice under the minimum access volume (MAV) program.
Contents are published with permission of ORYZA.com

18th december,2014 daily exclusive oryza rice e newsletter by riceplus magazine

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18th december,2014 daily exclusive oryza rice e newsletter by riceplus magazine