24th april,2015 daily exclusive oryza rice e newsletter by riceplus magazine

Daily Exclusive ORYZA Rice E-Newsletter
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Daily Exclusive ORYZA RiceNewsletter
Volume 5, Issue I
April 24, 2015

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Global Rice Quotes
April 23rd, 2015
Long grain white rice - high quality
Thailand 100% B grade 395-405 ↔
Vietnam 5% broken 355-365 ↔
India 5% broken 370-380 ↔
Pakistan 5% broken 375-385 ↔
Myanmar 5% broken 410-420 ↔
Cambodia 5% broken 430-440 ↔
U.S. 4% broken 480-490 ↔
Uruguay 5% broken 565-575 ↔
Argentina 5% broken 555-565 ↔
Long grain white rice - low quality
Thailand 25% broken 355-365 ↔
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 380-390 ↔
Pakistan parboiled 5% broken stxd 380-390 ↔
India parboiled 5% broken stxd 365-375 ↔
U.S. parboiled 4% broken 555-565 ↔

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Brazil parboiled 5% broken 570-580 ↔
Uruguay parboiled 5% broken NQ ↔
Long grain fragrant rice
Thailand Hommali 92% 895-905 ↔
Vietnam Jasmine 485-495 ↔
India basmati 2% broken NQ ↔
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Mails 810-820 ↔
Brokens
Thailand A1 Super 320-330 ↔
Pakistan 100% broken stxd 285-295 ↔
Cambodia A1 Super 345-355 ↔
India 100% broken stxd 275-285 ↔
Egypt medium grain brokens NQ ↔
U.S. pet food 370-380 ↔
Brazil half grain NQ ↔
All prices USD per ton, FOB vessel, oryza.com
Government of Bangladesh to Provide $3.9
Million Financial Assistance to Rice Farmers
to Boost Aus Output
Apr 23, 2015

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The government of Bangladesh has decided to provide financial incentives of about Tk 30.21
crore (around $3.9 million) to around 210,000 rice farmers in 48 districts to help them increase
the output from the ongoing Aus cropping season (February - August), according to local
sources.The Agriculture Minister told local sources that farmers will be supported with seeds,
urea, muriate of potash (MoP) and diammonium of phosphate (DAP) over the next few days. She
note that around 180,000 farmers will receive seeds and fertilizer worth Tk 1,350 (around
$17.36) each for growing high-yielding varieties of Aus; 30,000 farmers will receive seeds and
fertilizer worth Tk 1,970 (around $25.33) for growing Nerica, a drought-tolerant hybrid rice
variety.
The Minister added that 21 districts noted that the initiative is expected to increase the 2015 Aus
output by about 70,000 tons compared to last year.She added that nearly 21 districts in northern,
central parts and Barind region as well as 12 Aus rice producing southern districts, which were
affected by the recent tornado and hail-storm are also being brought under the government's
financial assistance plan.

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Aus accounts for about 7% of Bangladesh's annual paddy production or around 2.4 million tons.
Bangladesh produced around 34.449 million tons of rice, basis milled, in FY 2013-14 (July -
June), up about 2.7% from around 33.833 million tons produced in FY 2012-13, according to the
Agriculture Ministry.USDA estimates Bangladesh’s MY 2014-15 (July 2014 – June 2015)
milled rice production to slightly increase to about 34.6 million tons from an estimated 34.39
million tons in MY 2013-14. It estimates Bangladesh to import 678,000 tons of rice in 2014 and
around 500,000 tons of rice in 2015.
Brunei Achieves Only 4% Rice-Sufficiency in
2014, Says Industries Ministry Official
Apr 23, 2015
Brunei had achieved only 4% self-sufficiency in rice production while the government had been
aiming for 60% rice-sufficiency by 2015, local sources quoted the Deputy Permanent Secretary
at the Ministry of Industry and Primary Resources (MIPR) as saying.Speaking at the third

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meeting of the ASEAN Plus Three Emergency Rice Reserve (APTERR) Council, the official
noted that the government has intensified efforts to increase rice production, including incentive
schemes such as the buy-back programme, infrastructure development and the adoption of
advanced production technologies to boost yields and overall productivity.
She stated that the Department of Agriculture and Agrifood has been coordinating with several
public private entities to support agro-industrial research and development efforts such as
selective breeding, tissue culture and cross breeding. She also added that development of newer
varieties, including hybrid, was imperative to boost rice production in the country.In March this
year, the MIPR Minister apprised the Parliament that the country produced around 1,380 tons in
2014, up about 12% from 1,230 tons in 2013 and was far from achieving the 60% rice-
sufficiency target by 2015. He noted that the Ministry has identified certain problem areas, which
have to addressed to achieve a significant increase in rice production.
Brunei’s rice production has remained at around 1,000 tons since 2002, and the country imports
most of rice required for domestic consumption. In 2008, the Sultan of Brunei said that Brunei
Darussalam should not be dependent on other countries for its rice supply and should have their
own strategic plan to ensure food security.
The USDA estimates Brunei's milled rice production to remain at 1,000 tons in the MY 2014-15 (January -
December 2015), while rice consumption is estimated to decline about 33% to around 41,000 tons in MY
2014-15. USDA estimates the country to import around 40,000 tons in MY 2014-15, down about 33%
from last year's import of 60,000 tons.
India State of Assam Seeks GI Tag for Joha
Rice
Apr 23, 2015
Basmati rice dominates the aromatic rice market in South Asia and is enjoyed across the world.
However, another fragrant rice variety, Joha, grown in the Indian state of Assam is also
becoming a grain to reckon with in the aromatic arena. Joha is an aromatic rice that is cultivated
exclusively in Brahmaputra Valley of Assam state.
The Assam Agricultural University is seeking a geographical indication (GI) tag for Joha which
locals argue is equal or even superior in aroma to Basmati rice. Unlike Basmati rice which is
slender and long, Joha is short or medium grain rice.The annual production of Joha rice is limited
to around 30,000 tons sown on about 20,000 hectares. Limited supply and high production costs

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mean the rice trades at a premium. The hope is that a GI tag will protect the rice’s identity on the
global market and sustain its reputation for superior quality.
Oryza Afternoon Recap - Chicago Rough
Rice Futures Pullback despite Strong Export
Demand and Higher Crude Prices
Apr 23, 2015
Chicago rough rice futures for May delivery settled 9.5 cents per cwt (about $2 per ton) lower at
$10.060 per cwt (about $222 per ton). Rough rice futures retraced a portion of the gains earned
over the previous two trading sessions, but did manage to maintain support near $10.000 per cwt
(about $220 per ton). Although today’s action saw prices turn lower, the fact that prices charted
an inside day negates the significance of today’s move and should be seen of little importance to
technical traders. The other grains finished the day mostly higher with only corn slipping into
negative territory during afternoon trading; Soybeans closed about 0.8% higher at $9.800 per
bushel; wheat finished about 0.5% higher at $5.0125 per bushel, and corn finished the day about
0.5% lower at $3.7075 per bushel.
U.S. stocks traded near highs on Thursday as investors eyed a heavy day of earnings and some
economic data. The S&P 500 attempted to hold above its record close of 2,117.39 but below its
record intraday high of 2,119.59. The Nasdaq traded above its record close of 5,048.62 from
March 2000 as all the major indices turned higher around noon. The Dow Jones industrial
average was within 1% of its record close. Earlier, stocks traded mildly lower, following a
negative lead from index futures. The Federal Reserve meets next Tuesday and Wednesday but
will not hold a press conference.
The Dow Jones Industrial Average traded up 78 points, or 0.43%, at 18,116. The S&P 500 traded
up 10 points, or 0.47%, at 2,117, with telecommunications leading nine sectors higher and
consumer staples the only laggard. The Nasdaq traded up 24 points, or 0.47%, at 5,059. Gold is
trading about 0.6% higher, crude oil is seen trading about 3.5% higher, and the U.S. dollar is
seen trading about 0.8% lower at about 1:00pm Chicago time.Wednesday, there were 1,962
contracts traded, down from 3,633 contracts traded on Tuesday. Open interest – the number of
contracts outstanding – on Wednesday decreased by 8 contracts to 11,283.

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Oryza Global Weather Outlook
Apr 23, 2015
Rain is expected across South China and the Southern Yangtze Valley this week.
Rain showers are expected across Southern and Eastern India this week.
Scattered rain is expected across Bangladesh this week.
Rain is expected across most parts on Indonesia this week, which will slow main season rice
harvesting there.
Rain showers are expected across Thailand this week.
Rain is expected across Northern and far Southern Vietnam this week.
In the Philippines, a few light showers are expected across Northern Luzon and South-eastern
areas this week.
Rain is expected across Central and Northern portions of the Center-South Brazil this week,
which will slow rice harvesting there.
In the U.S., rain showers are expected across the Delta and Coastal Bend this week, which will
slow fieldwork and rice planting.
Syria Advances Tender Date to Buy 6,360
Tons of Rice
Apr 23, 2015
The Syrian state purchasing agency General Foreign Trade Organization (GFTO) has advanced
the deadline for an international tender seeking to buy about 6,360 tons of long-grain white rice
to May 4, 2015 from May 18, 2015, according to Reuters.
The GFTO seeks delivery of the rice by June 25, 2015.

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Asia Rice Quotes Unchanged Today
Apr 23, 2015
Asia rice sellers kept their quotes mostly unchanged today.
5% Broken Rice
Thailand 5% rice is indicated at around $380 - $390 per ton about a $25 per ton premium on
Vietnam 5% rice shown at around $355 - $365 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.
25% Broken Rice
Thailand 25% rice is shown at around $355 - $365 per ton, about a $25 per ton premium on
Vietnam 25% rice shown at around $330- $340 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 is indicated at around $380 - $390 per ton. India parboiled rice is
indicated at around $365 - $375 per ton, 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, is 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 Pullback Overnight, Despite
Support from Firmer Grains

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Apr 23, 2015
Chicago rough rice futures for May delivery are currently noted 5.5 cents per cwt (about $1 4per
ton) lower at $10.100 per cwt (about $223 per ton) ahead of floor trading in Chicago. The other
grains are seen trading higher: soybeans are currently seen about 0.5% higher, wheat is listed
about 0.7% higher and corn is currently noted 0.3% higher.U.S. stock index futures pointed to a
lower open Thursday, with Wall Street jittery ahead of earnings from some industrial heavy
weights and major tech firms.
Attention will also be on new home sales data for March, due at 10.00 a.m. ET, which looks
likely to register a marked drop of around 5% month-on-month, following a 7.8% month-on-
month jump in February that brought sales to a near-seven-year high of 539,000. Weekly jobless
claims showed an increase of 1,000 to 295,000. The April installments of the Kansas City Fed's
manufacturing index and manufacturing PMI are also due Thursday. Weakness in Europe could
also weigh, after fresh data showed that business activity growth in the euro zone slowed in
April, putting pressure on the region's stocks.
Greek Prime Minister Alexis Tsipras will meet German Chancellor Angela Merkel in Brussels
on Thursday, a day ahead of a crucial meeting of euro zone finance ministers in Latvia. Gold is
currently trading about 0.2% higher, crude oil is seen trading about 0.9% higher, and the U.S.
dollar is currently trading about 0.1% lower at 9:30am Chicago time.
Timor-Leste 2014-15 Rice Imports May
Double to Over 130,000 Tons, Says FAO
Apr 23, 2015
The UN's Food and Agricultural Organization (FAO) estimates Timor-Leste 2014-15 rice
imports to increase significantly as the country's 2014 rice imports have almost doubled to
around 130,000 tons due to reduced output in 2013 and strong domestic demand.It estimates
Timor-Leste 2014-15 cereal imports to increase to around 157,000 tons, up about 74% from
about 90,000 tons in 2013-14.
The FAO estimates Timor-Leste's 2015 paddy production at around 94,000 tons, up about 6%
from an estimated 89,000 tons in 2014 assuming normal weather forecast. Slight increase in
plantings, expected high yields and government support to the sector, including adequate
distribution of seeds and fertilizers, are expected to positively impact this year's production

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Thai NLA Begins Impeachment Hearing of
Former Commerce Minister in Rice Pledging
Case
Apr 23, 2015
Thailand's National Legislative Assembly (NLA) began hearing in the impeachment case against
the former Commerce Minister, former Deputy Commerce Minister and former Director-General
of the Department of Foreign Trade today, for their alleged corruption in government-to-
government (G2G) rice deals with two Chinese companies, according to local sources.
The National Anti-Corruption Commission (NACC) alleged that the three individuals allowed
two Chinese companies, which were reportedly not authorized by the Chinese government, to
seal G2G contracts for about 1.2 million tons of rice with the Thai government without
participating in a bid. The NACC reportedly found in its investigation that the deal never

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happened and the rice was sold locally to Thai companies at below market prices. It noted that
the three individuals violated the Criminal Code, the Public Competitive Bidding Act and the
Anti-Corruption Act.
The NACC reportedly testified before the NLA regarding the allegations against the three
individuals. The three accused are also supposed to deliver their defence testimony before the
NLA. The two sides are to deliver their closing statements on May 7, 2015; and the NLA will
vote on impeachment of the three individuals on May 8, 2015.
The NLA will set up a seven-member committee to raise questions for the three individuals to
answer as well set dates for the enquiry sessions.The Thai NLA impeached the former Prime
Minister on January 23, 2015 for encouraging corruption in the rice pledging scheme introduced
by her government in October 2011
Oryza U.S. Rough Rice Recap – Prices Seen
Steady Amid New Crop Planting
The U.S. cash market was mostly unchanged today despite weakness in the futures market as
farmers continue to plant their crops showing little to no interest in the prices they are seeing.In
the meantime, the USDA reported that cumulative net export sales for the week ending on April
16th
, totaled 65,600 tons, which was 91% higher than last week and 5% higher than the prior 4-
week average.Increases were reported for the following destinations including: 25,400 tons to
Mexico, 18,000 tons to Colombia, 14,500 tons to unknown destinations, 3,400 tons to Haiti, and
2,200 tons to Canada.U.S. rice exporters shipped 77,000 tons, which was 7% lower than last week but
8% higher than the prior 4-week average. The primary destinations included: 41,700 tons to Mexico,
12,000 tons to Japan, 9,300 tons Saudi Arabia, 6,500 tons to Colombia, and 3,200 tons to Jordan.

24th april,2015 daily exclusive oryza rice e newsletter by riceplus magazine

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24th april,2015 daily exclusive oryza rice e newsletter by riceplus magazine