24th january,2014 daily exclusive oryza news by riceplus magazine

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Daily Rice Global Rice e-Newsletter shared by Riceplus Magazine
Riceplus Magazine shares daily International RICE News for global Rice Community. We publish daily two newsletters namely Global Rice News & ORYZA EXCLUSIVE News for readers .You can share any development news with us for Global readers.
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24th january,2014 daily exclusive oryza news by riceplus magazine

  1. 1. 24th January , 2014 TOP Contents - Tailored for YOU Latest News Headlines…      Oryza U.S. Rough Rice Recap – Offers Continue to Firm, But Most Buyer’s Are Reluctant to Pay Higher Prices  Oryza Rice Currency Analysis for Today – Argentine Peso Falls Off Cliff, Down Nearly 12%  Oryza Afternoon Recap – Chicago Rough Rice Futures Come Under Pressure as Funds Look to Roll Positions Forward  Iraq Imports 1.3 Million Tons of Rice in 2013  India Forecast to Remain Top Rice Exporter in 2013-14, Despite Lower Production  Ghana Government Urged to Lift Ban on Rice Imports Via Borders  Conab Announces Brazil Paddy Rice Auction Results  China Imports 2.24 Million Tons of Rice in 2013; Down 5% from Previous Year  Oryza Overnight Recap – Chicago Rough Rice Futures Slightly Lower Overnight Despite Broad Based Recovery for Grain Complex  Asia Rice Quotes Unchanged Today Philippines DA Implements ‘Palayabangan: 10-5 Challenge’ to Curb Rice Smuggling Thailand National Rice Policy Committee Terminates Rice Mortgage Program Oryza Quick Glance at World News Oryza Global Rice Quotes 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. 2. NEWS DETAILS: Oryza U.S. Rough Rice Recap – Offers Continue to Firm, But Most Buyer’s Are Reluctant to Pay Higher Prices Jan 23, 2014 The U.S. cash market was mostly quiet today as offers from farmers remain much higher than what most buyers were willing to pay. Meanwhile, the cost of loading out warehouse receipts is currently less than most offers from farmers, and as a result, there were 12 warehouse receipts canceled overnight leaving only 195 on the exchange (17,745 tons). As of today, offers held steady 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 decreased slightly to around $14.95 per cwt (about $330 per ton) while bids for exporters could still be found around $15.50 per cwt (about $342 per ton), both for January through March delivery, although smaller mills are still reported to be paying between $16.00-$16.25 per cwt (about $353-$358 per ton) for delivery before April. Tags: U.S. rice prices, U.S. rice market Oryza Rice Currency Analysis for Today – Argentine Peso Falls Off Cliff, Down Nearly 12% Jan 23, 2014 U.S. dollar index was down -0.90% from the open today, when it traded at 80.440 at the close. Euro was stronger +1.06% today by the close, trading around 1.3694 by end of day, after trading between an intraday high of 1.3698 and low of 1.3530. Thai baht was stronger +0.06%, trading at 32.900 at the close of business. Indian rupee was weaker -0.18% at 61.9338. Brazilian real was -1.09% weaker than the open at today‟s close, when it ended at 2.3996 reais per dollar. 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. 3. Pakistan rupee was +0.06% stronger at 105.3475. Vietnamese dong was +0.02% stronger, trading at 21085. Mexican peso was -0.63% weaker today, when it traded at 13.3957 pesos per dollar by the close of business today. Chinese yuan was weaker -0.01%, trading at 6.0522. Argentine peso was -11.65% weaker, trading at 7.8825 pesos per dollar. Tags: foreign exchange rates Oryza Afternoon Recap – Chicago Rough Rice Futures Come Under Pressure as Funds Look to Roll Positions Forward Jan 23, 2014 Chicago rough rice futures for March delivery settled 7.5 cents per cwt (about $2 per ton) lower at $15.430 per cwt (about $340 per ton). Rough rice futures came under pressure from an uptick in bear spreading activity was met with only scaled down buying interest. According to traders the market continues to feel heavy and many fear that a fresh round of selling could overwhelm any underlying buying interest and push prices back toward multi-week lows near $15.200 per cwt (about $335 per ton). The other grains were finished the day mixed as soy products remain under pressure from improving conditions in South American growing regions while corn and wheat continue to recover from losses sustained over the past week; soybeans closed about 0.2% lower at $12.7700 per bushel; wheat finished about 1.6% higher at $5.7000 per bushel; and corn finished the day about 0.7% higher at $4.2900 per bushel. U.S. stocks declined sharply on Thursday, with the Dow extending losses into a third session, after measures of U.S. and Chinese manufacturing disappointed and as Wall Street considered quarterly reports. Asian stocks fell after a Chinese gauge fell to 49.6 from 50.5, weaker than expected. Conversely, a euro-area manufacturing index climbed to 53.9 from 52.7 in December. And, U.S. manufacturing growth slowed in January. After a 212point drop, the Dow Jones Industrial Average was lately off 208.5 points, or 1.3%, at 16,164.69, with 26 of its 30 components in the red. The S&P 500 declined 21.5 points, or 1.2%, to 1,823.33, with the financial sector hardest hit and telecommunications the sole sector rising. The Nasdaq lost 41.3 points, or 1%, to 4,201.64. Gold is trading about 2% higher, crude oil is seen trading about 1% higher, and the U.S. dollar is seen trading about 0.9% lower at about 1:00pm Chicago time.Turning to the daily continuation chart of Chicago rough rice futures for March delivery, the market broke lower once again today confirming the bearish implication of Tuesdays move. Prices have fallen back into technically negative territory as they closed below the 20-day moving average which was noted at $15.490 per cwt (about $341 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
  4. 4. Today‟s move to settle below Tuesday‟s close of $15.450 per cwt (about $341 per ton) is seen as confirmation that the market has moved into a short-term trend of lower prices. Although outright selling remains light, traders have noted an uptick in March/May spread activity which has exerted downward pressure on the nearby contract. Open interest remains at very depressed levels and an uptick in trade activity could see prices come under further pressure. Today‟s trading range is noted as $15.400-$15.495 per cwt (about $340-$342 per ton).Wednesday, there were 530 contracts traded, up from 236 contracts traded on Tuesday. Open interest – the number of contracts outstanding – on Wednesday increased by 114 contracts to 7,239. Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market Iraq Imports 1.3 Million Tons of Rice in 2013 Jan 23, 2014 Iraq imported around 1.3 million tons of rice in 2013, according to the Iraq grain board acting director general. The official told local sources that Iraq will continue to issue tenders to purchase rice in 2014.Rice production in Iraq is limited to below 200,000 tons and the country imports around 90 - 95% of its annual rice consumption of around 1.5 million tons, according to the USDA. Tags: Iraq rice imports India Forecast to Remain Top Rice Exporter in 2013-14, Despite Lower Production Jan 23, 2014 India is expected to be the world‟s largest rice exporter for the third consecutive year, with about 10 million tons of rice exports in 201314, according to the USDA.The US agency says that India‟s rice exports in 2013-14 are likely to account for around 25% of total global rice trade of around 40.2 million tons despite lower rice production this year. India‟s rice production in 2013-14 is expected to decline to around 103 million tons, down about 1% from about 104.4 million tons produced n the previous year, mainly due to the impact of adverse weather conditions, according to the USDA.The USDA says that India‟s rice exports are expected to decline to around 10 million tons in 2013-14, down about 5% from an estimated 10.5 million tons in 2012-13. Rice exports by other major rice exporting 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. 5. countries are also expected to revive this year. However, India will still be ahead of Thailand (with projected exports of 8.5 million tons) and Vietnam (with projected exports of 7.5 million tons) in terms of rice export quantity in 2013-14.According to local sources, India‟s rice exports have remained strong due to demand for basmati rice in the Middle East, the U.S., and Europe, and for non-basmati rice in Africa and Asian countries this year. Tags: India rice exports, Thailand rice exports, Vietnam rice exxports, Major rice exporters 2014 Ghana Government Urged to Lift Ban on Rice Imports Via Borders Jan 23, 2014 The Association of Ghana-Cote d'Ivoire Rice Importers and Sellers (GISA) have appealed to the Ghana government to lift the ban on rice imports from neighboring Cote d'Ivoire, according to local sources.The Ghana government banned rice imports from Cote d'Ivoire since the beginning of this year. However, GISA says that the ban would lead to unemployment in the region as many rice importers and workers would lose their jobs. GISA also claims that the ban would lead to lower rice supplies and is the main reason behind the increase of around 20% -25% in rice prices since the implementation of the ban. According to a GISA representative, imported rice from Cote d'Ivoire is affordable and banning rice imports from Cote d'Ivoire would lead to starvation as government supplies may not reach the poor on time.The government had imposed a ban on imports through borders to stop smuggling of rice. Earlier this month, local reports said that the government had relaxed the ban for some months, but officials said that the ban is still in place.Rice consumption is increasing in Ghana, and imported rice is becoming popular partly due to high prices of local rice and low supplies. According to the USDA, Ghana produces about 300,000 tons of rice annually, against a consumption of around 925,000 tons. Ghana‟s rice imports in 2013-14 are estimated at around 575,000 tons. Tags: Ghana rice imports, Association of Ghana-Cote d'Ivoire Rice Importers and Sellers (GISA) Conab Announces Brazil Paddy Rice Auction Results Jan 23, 2014 Brazil's state agency, CONAB, offered about 91,725 tons of paddy from previous crop years, including 200809, in four different auctions on January 22, 2014 and sold about 66,362 tons (equivalent to about 72% of paddy offered). In the first auction, CONAB offered about 25,636 tons of paddy and sold about 22,897 tons at an average price of about 699 reals (about $297) per ton. In the second auction, CONAB offered about 3,395 tons of paddy and sold about 2,000 tons at an average price of about 680 reals (about $289) 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
  6. 6. In the third auction, CONAB offered about 42,379 tons of paddy and sold about 35,383 tons at an average price of about 676 reals (about $287) per ton. In the fourth auction, CONAB offered about 20,315 tons of paddy and sold about 6,082 tons at an average price of about 631 reals (about $268) per ton. Tags: Conab paddy rice auction China Imports 2.24 Million Tons of Rice in 2013; Down 5% from Previous Year Jan 23, 2014 China‟s Customs General Administration (CGA) says that China imported around 2.24 million tons of rice in the calendar year 2013, down about 5% from around 2.36 million tons in 2012 estimated by China National 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. 7. Grain and Oils Information Center (CNGOIC). According to the CGA, China also exported around 478,370 tons of rice in 2013.China‟s rice imports declined in the second half of 2013. According to CGA data, China imported around 927,500 tons in July – December 2013, compared to around 1.31 million tons of rice in January – June 2013. China imported most of the rice from Vietnam in 2013 and Chinese importers cancelled several contracts in July - August, 2013, due to higher rice prices in Vietnam, according to rice traders in Vietnam. In December 2013, China imported around 208,100 tons of rice, up about 15% from around 180,500 tons of rice imported in November 2013, but down about 3% from around 215,300 tons of rice imported in December 2012.However, China‟s rice imports in 2013 according to Customs data are down about 30% from USDA‟s projections of around 3.2 million tons of rice imports in 2013. This may be because China also imports significant quantities of rice from neighboring Myanmar in undocumented border trade.The USDA says that China‟s rice imports could increase to around 3.4 million tons in 2013-14. The U.S. agency estimates that China needs 146 million tons of rice for domestic consumption in 2013-14, up about 14% from around 144 million tons in 2012-13. However, the country‟s production is likely to fall by around 10.5% to 141.5 million tons in 2013-14 from 143 million tons in 2012-13 due to adverse weather conditions.However, CNGOIC says that China‟s rice imports in 2013 were mainly due to lower global rice prices and expects rice imports to remain at around 2.24 million tons in 2014. Tags: China rice imports, Customs General Administration (CGA), China National Grain and Oils Information Center (CNGOIC) ryza Overnight Recap – Chicago Rough Rice Futures Slightly Lower Overnight Despite Broad Based Recovery for Grain Complex Jan 23, 2014 Chicago rough rice futures for March delivery are currently paused 3.5 cents per cwt (about $1 per ton) lower at $15.470 per cwt (about $341 per ton) as of 8:00am Chicago time. The other grains are seen higher this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.4% higher, wheat was paused about 1.9% higher, and corn is noted about 0.5% higher.U.S. stock index futures signaled a weak open on Wall Street on Thursday, after data showed a slowdown in Chinese manufacturing this month. Chinese stocks closed lower after HSBC's flash PMI (Purchasing Managers' Index) came in at a six-month low of 49.6, down from last month's 50.5. In Europe, the World Economic Forum in Davos, Switzerland, continues on Thursday. Business leaders gathered at the forum on Wednesday appeared confident that both the U.S. and the global economy were recovering, but saw risks from rising income inequality and financial shocks. Thursday will be a key day for both quarterly earnings and macro data on Thursday. Weekly initial jobless claims will be out at 08:30 ET, following by existing home sales for December at 10:00. There will also be weekly natural gas and crude oil inventories. U.S. stock index futures are currently trading about 0.5% lower, gold is currently trading about 1.4% higher, crude oil is seen trading about 0.2% higher, and the U.S. dollar is currently trading about 0.7% lower at 8:00am Chicago time. Tags: chicago rough rice futures 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. 8. Asia Rice Quotes Unchanged Today Jan 23, 2014 Asia rice sellers kept their quotes mostly unchanged today. 5% Broken Rice Thai 5% rice (of new crop) is quoted around $435 - $445 per ton, about a $35 per ton premium over Viet 5% rice shown around $400 - $410 per ton. Thai 5% rice of the old crop is shown around $375 - $385 per ton. Indian 5% rice is quoted around $405 - $415 per ton, about a $15 per ton premium over Pak 5% rice quoted around $390 - $400 per ton. 25% Broken Rice Thai 25% rice (of new crop) is quoted about $390 - $400 per ton, about a $15 per ton premium over Viet 25% rice shown around $375 - $385 per ton. Indian 25% rice is quoted about $350 - $360 per ton, about a $5 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 $455 - $465 per ton. Indian parboiled rice is quoted around $395 - $405 per ton, about a $5 per ton discount to Pak parboiled rice quoted around $400 - $410 per ton. 100% Broken Rice 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 $25 per ton discount to Pak broken sortexed rice quoted around $320 - $330 per ton. Tags: Asia rice quotes, Thailand rice quotes, Vietnam rice quotes, India rice quotes, Pakistan rice quotes Philippines DA Implements ‘Palayabangan: 10-5 Challenge’ to Curb Rice Smuggling Jan 23, 2014 The Philippines Department of Agriculture (DA) is aiming to reduce paddy rice production costs to P5 (around $0.11) per kilogram and increase yield to around 10 tons per hectare under the “Palayabangan: 10-5 Challenge" project to curb smuggling of rice in to the Philippines.The DA Secretary says that the average rice yield in the Philippines currently stands at around 4 tons per hectare, and farmers spend around P11 - 12 (around $0.24 $0.26) for producing one kilogram of paddy rice. Philippines paddy rice production costs are much higher than in Thailand and Vietnam, he adds.The Agriculture Secretary says that the problem of rice smuggling in to the Philippines will reduce if the average yield increases to around 7 tons per hectare and production costs decline to about P7 (around $0.15 ) per kilogram of paddy rice. He adds that the DA wants Philippines rice production costs to be lowest in Asia. The DA has joined hands with the Philippine Rice Research Institute (Philrice) for implementation of the "Palayabangan: 10-5 Challenge" project. The program aims to encourage Filipino farmers to share their ideas 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
  9. 9. improve rice yield and reduce production costs. It also supports the Philippine government's Food Staples Sufficiency Program, says the Agriculture Secretary.The Agriculture Secretary also inaugurated the P32.2million (around $709,800) rice-processing center (RPC) in Ambalgan province to provide farmers with postharvest facilities. He said the RPC will benefit around 5,000 farmers and will cover nearly 10,000 hectares of rice farms.According to the USDA, milled rice production in the Philippines stands at around 11.6 million tons annually, against a consumption of around 12.9 million tons. Rice imports by the Philippines in 2013-14 are estimated at around 1.2 million tons, with almost half of it comprising undocumented imports. Tags: Philippines Rice Production, Philipines rice production costs, Philippines rice yield, Palayabangan: 10-5 Challenge Thailand National Rice Policy Committee Terminates Rice Mortgage Program Jan 23, 2014 Thailand's National Rice Policy Committee, headed by the caretaker Prime Minister, has decided not to extend the government rice mortgage program, which is due to expire at the end of February 2014, according to the Thai Public Broadcasting Service.The Caretaker Commerce Minister told local sources that the government cannot continue the program as it was already under pressure to fund the program and cannot put greater burden on the country‟s finances. The government is under pressure to clear delayed payments for purchase of paddy from farmers under the rice mortgage program. According to the Commerce Minister, the government has so far paid about 680 billion baht (around $20.6 billion) to farmers, but still has to pay another 700 billion baht (around $21.2 billion) for the rice pledged from the 2012-13 crop season (October – September). Under the first season of the current rice mortgage program 2013-14 (October – February), the government has already paid around 54.95 billion baht (around $1.7 billion) to farmers and needs an additional 180 billion baht (around $5.5 billion) to clear delayed payments, the minister says.Ending the populist rice mortgage program is likely to push Thai and global rice prices lower. While this could lead to a surge in Thailand‟s rice exports in 2014, exports from neighboring Vietnam and top exporter India could suffer as Thailand offloads an estimated 10-15 million tons of rice from the government stockpile into the global rice market.Meanwhile, Thailand's cabinet approved a revision of the government‟s public debt restructuring plan, which allows the government to borrow 143.24 billion baht (around $4.35 billion) to fund its rice-purchase program. The cabinet says that 130 billion baht (around $3.95 billion) of the amount borrowed would be used for payments for the main crop of the 2013-14, while the remaining 13.24 billion baht (around $401.8 million) would be used as revolving capital to tackle agricultural price slump.In another development, the government sold 148,940 tons of rice through the Agricultural Futures Exchange of Thailand (AFET) yesterday, according to local sources. Of the total, about 110,480 tons are 5% white rice from the 2012-13 season and 2013-14 new harvest, while 38,460 tons are 100% grade „B‟ Hommali rice from the 2013-14 harvest. This is the fourth time the government has sold rice through the AFET and the government has sold 110,000 tons of rice in the last three auctions, local sources say. 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. 10. Tags: Thailand rice mortgage program, Thailand rice exports, Thailand rice auctions Oryza Quick Glance at World News Jan 23, 2014 Financial Times – *Microsoft will allow foreign customers to have their personal data stored on servers outside the U.S., breaking ranks with other big technology groups that until now have shown a united front in response to the American surveillance scandal. *Australia has accused Edward Snowden of “unprecedented treachery” and defended Canberra‟s intelligence co-operation with Washington in the face of rising tensions with Indonesia over the U.S. whistleblower‟s spying allegations. *South Korea's economy grew by 3.9% in the last three months of 2013 from the same period of 2012, broadly in line with economists' forecasts. In a break from the trend of recent years, domestic demand's contribution to growth outstripped that of exports, the Bank of Korea said on Thursday. *Even as it seeks to regain access to international capital markets, Argentina imposed new restrictions on online shopping on Wednesday in its latest attempt to curb capital flight and prevent a possible balance-of-payments crisis. Anyone buying goods through international websites such as Amazon.com must now sign a declaration and produce it at a customs office, where the packages are collected. In addition, Argentines are only allowed to buy two international items annually, free of tax, up to a $25 total. Beyond that, they must pay a 50% tax. *Brussels has taken a step back from the ambitious environmental agenda that made the EU a global green leader with a new set of energy targets that emphasize the need for economic growth and industrial competitiveness. A keenly anticipated climate and energy blueprint unveiled on Wednesday requires member states to reduce their greenhouse gas emissions by 40% from 1990 levels by 2030, extending an existing goal to cut emissions 20% by 2020. *Santander Consumer USA, a provider of auto loans to subprime buyers, has raised $1.8 billion from an initial public offering amid a recovery in U.S. car sales and strong investor interest in high-yielding loans sold by consumer finance companies. *Spain took advantage of a powerful New Year rally in eurozone “periphery” debt markets to issue a blockbuster €10bn 10-year bond on Wednesday, after receiving orders worth almost four times as much. *U.S. Securities and Exchange Commission administrative trial Judge Cameron Eliot ruled late on Wednesday that four joint ventures – Ernst & Young Hua Ming, KPMG Huazhen, Deloitte Touche Tohmatsu, and PwC Zhong Tian – had violated the Sarbanes-Oxley Act, and said they should be barred from practicing in the US for six months. Wall Street Journal*China's initial manufacturing PMI slipped to 49.6 from December's 50.5, according to the measure released Thursday by lender HSBC Holdings and financial data provider Markit. A reading below 50 designates contraction compared with the previous month, while a reading above that shows growth. *Australian growers' collective CBH Group looks set to match its best-ever year for grain sales after Western Australia, the state where it mostly operates, posted a record harvest. CBH said it expected to generate $2.6 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. 11. billion Australian dollars ($2.3 billion) in grains sales in the 2014 fiscal year that ends September 30, equal to the figure in the 2012 financial year. CBH recorded grain sales of A$2 billion in fiscal 2013. *The IMF on Wednesday questioned South Korea's currency policy, telling Seoul that it should only intervene in exchange-rate markets to prevent volatility that might damage the economy. *The Bank of Japan stuck to its upbeat inflation and economic outlook on Wednesday, dashing expectations for imminent fresh policy easing. The bank decided unanimously to maintain its policy of increasing the monetary base at an annual pace of ¥60 trillion ($575 billion)-¥70 trillion in an effort to fight deflation. *Israel on Wednesday said it arrested three Palestinians that it alleged were part of al Qaeda-inspired group plotting a suicide bombing of the U.S. Embassy in Tel Aviv, along with other attacks in Israel and the West Bank. *China on Wednesday said it would reform the price that power-grid operators pay to hydropower plants for electricity to encourage investment in the industry. The price reform is likely to mean a rise in the prices paid to hydropower generators to help the country achieve its clean-energy targets. *Syria and the U.S. opened a long-awaited peace conference by clashing over the fate of President Bashar alAssad, exposing the depths of division and pessimism about any progress at the first talks in nearly three years of war. *Thai antigovernment protest leader Suthep Thaugsuban took to the streets Thursday, defying the declaration of a state of emergency and collecting more funds from thick lines of demonstrators gathering to press cash into his hands. New York Times*ECB President Mario Draghi cautioned Wednesday against undue optimism for the euro zone economy, saying there still were significant risks of setbacks to the recovery. *South Africa's hard-line Association of Mineworkers and Construction Union (AMCU) began a strike over pay in the platinum sector on Thursday, bringing mines that produce half the world's platinum to a standstill. *If work on the expansion of the Panama Canal is suspended, it could take up to five more years to finish, according to arbitrators helping to oversee the project that has been hit by a dispute over costs. *The U.S. Justice Department has accused United States Investigations Services (USIS), the private firm that also vetted Edward Snowden before he leaked documents about U.S. spying efforts, of bilking millions of dollars through improper background checks, a court filing showed. *Japan's economy is likely to take longer than the two-year official timeframe to reach the central bank's 2% inflation goal even though prices are rising steadily, an IMF official said on Thursday. *An American man has been charged after 5.7 million Australian dollars ($5 million) in cash was found in suitcases in a Sydney apartment. Police allege it is one of the biggest cash hauls of crime proceeds in Australian history. Tags: World news Oryza Global Rice Quotes January 23rd, 2014 Long grain white rice - high quality 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. 12. Thailand 100% B grade 445-455 Vietnam 5% broken 400-410 India 5% broken 405-415 Pakistan 5% broken 390-400 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 390-400 Vietnam 25% broken 375-385 Pakistan 25% broken 345-355 Cambodia 25% broken 425-435 India 25% broken 350-360 U.S. 15% broken 565-575 ↔ ↔ ↔ ↔ ↔ ↔ ↔ ↔ ↔ ↔ ↔ ↔ ↔ Long grain parboiled rice Thailand parboiled 100% stxd 455-465 ↔ Pakistan parboiled 5% broken stxd 400-410 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 555-565 ↔ 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 320-320 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 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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