13th march,2015 daily exclusive oryza rice e newsletter by riceplus magazine

Daily Exclusive ORYZA Rice E-Newsletter
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1
Daily Exclusive ORYZA RiceNewsletter
Volume 5, Issue I
March 13, 2015

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2
Traces of Chinese Plastic Rice Found in India
Mar 12, 2015
Plastic rice made by mixing potatoes,
sweet potatoes and Chinese polymer is
similar to natural rice and can hardly be
differentiated by mere look. However,
when cooked, the rice remains hard and
soup made by it forms a plastic sheath,
which burns like plastics when
burned.How is this rice made? The
potatoes are first turned into the shape of
rice grains and industrial synthetic resins
are then added to the mix in order to get
the texture of rice.This type of plastic rice
is said to be causing gastritis and other stomach related diseases.Such type of rice packages have
been found to be selling in some parts of India's southern state Kerala, according to local
sources.
Consumers told local sources that such packages are undetectable as they are being mixed with
normal rice packs. It is understood that this type of rice is being imported from China or is being
bought online from Chinese and Singapore supermarkets.Experts noted that currently there's no
system to check imports of such rice into the country. But going forward, the Indian government
may have to put some procedures in place to avert the entry of such artificial and harmful
products into the country. India basically does not need to import rice given its huge production
potential.
Earlier, Chinese plastic rice as well as the locally produced Chinese rice have been criticized for
one being poisonous and the other being toxic after being contaminated with metals such as
cadmium.
Rice Bran Oil - The Healthy Oil for Healthy
Living
Mar 12, 2015

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Dieticians are of late recommending
rice bran oil for maintaining a healthy
heart and body. They say rice bran oil,
which is made from bran that is rich in
Vitamin E and antioxidants.An
important feature of rice bran oil is that
it has an ideal balance of
polyunsaturated fats (PUFA) and
monounsaturated fats (MUFA) and is
free of trans-fats. An equal proportion
of PUFA is MUFA is essential for oils
to maintain nutritive quality even at
high temperatures. It is for this reason
that foods cooked with rice bran at high
temperatures are seen to absorb less oil.
It therefore does not stick to food and tends to feel less oily on tongue.
Rice bran oil is known as heart-friendly oil as it contains the right amount of the oryzanol, which
is known to reduce cholesterol absorption and increase cholesterol elimination, says an India-
based Nutritionist & Weight-Management Expert. The American Heart Association and the
World Health Organization (WHO) are recommending rice bran oil as the best choice for
improving serum cholesterol levels.
Antioxidants present in the rice bran oil are known to boost the metabolic rate and help in weight
loss. Its antimutagenic properties are helpful in increasing immunity as well as preventing
cancer.Rice bran oil also contains suqalene, which is helpful in retaining softness of the skin. Its
anti-inflammatory properties are known to reduce the effects of menopause like hot flashes.
Pakistan May Miss Rice Export Target of 3.8
Million Tons in FY 2014-15 Due to Falling
Demand, Says REAP Chairman
Mar 12, 2015

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The Chairman of the Rice Exporters Association of Pakistan (REAP) has forecasted that the
country would not be able to meet its rice export target of around 3.8 million tons in FY 2014-15
(July - June) as demand from China and Malaysia has been falling, according to Bloomberg.The
REAP Chairman noted that Pakistan's rice exports may reach around 3.5 million tons in 2014-15,
of which 600,000 tons are expected to be basmati.
Currently Pakistan's 5% rice export prices
are quoted at around $355 per ton, much
lower than Thai 5% prices of around $400
per ton, Viet 5% prices of around $370 per
ton and India 5% prices of around $395
per ton. Yet, the demand has been thin
partly due to excessive stock offloading by
Thailand and re-entry of Myanmar into the
global rice market.Other top rice exporters
such as Thailand, Vietnam and India are
also facing lower export demand this year.
Pakistan has exported around 2.26 million tons of rice (around 313,540 tons of basmati and
around 1.95 million tons of non-basmati) in the first seven months of FY 2014-15 (July 2014 -
June 2015), up about 2% from around 2.22 million tons (around 336,290 tons of basmati and
around 1.88 million tons of non-basmati) exported during the same period in FY 2013-14.The
South Asian nation exported around 3.16 million tons of rice FY 2013-14, down about 7% from
around 3.4 million tons exported in 2012-13.
Thailand, Vietnam Rice Sellers Lower Their
Quotes; Pakistan Rice Sellers Increase Their
Quotes Today
Mar 12, 2015
Thailand rice sellers lowered their quotes for A1 super rice by about $5 per ton to around $320 -
$330 per ton and lowered their quotes for Hommali rice by about $15 per ton to around $895 -
$905 per ton today. Vietnam rice sellers lowered their quotes for 25% broken rice and 100%
broken rice by about $5 per ton each to around $340 - $350 per ton and $305 - $315 per ton
respectively and lowered their quotes for Jasmine rice by about $10 per ton to about $455 - $465
per ton today. Pakistan rice sellers increased their quotes for 5% broken rice and 25% broken

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rice by about $5 per ton each to around $350 - $360 per ton and $315 - $325 per ton respectively
and increased their quotes for 100% broken rice by about $10 per ton to around $290 - $300 per
ton. India rice sellers kept their quotes mostly unchanged today.
5% Broken Rice
Thailand 5% rice is quoted at around $395 - $405 per ton, about $30 per ton premium on
Vietnam 5% rice shown at around $365 - $75 per ton. India 5% rice is quoted at around $390 -
$400 per ton, about $40 per ton premium on Pakistan 5% rice quoted at around $350 - $360 per
ton, up about $5 per ton from yesterday.
25% Broken Rice
Thailand 25% rice is quoted at around $370 - $380 per ton, about $30 per ton premium on
Vietnam 25% rice shown at around $340- $350 per ton, down about $5 per ton from yesterday.
India 25% rice is quoted at around $360 - $370, about $45 per ton premium on Pakistan 25% rice
quoted at around $315 - $325 per ton, up about $5 per ton from yesterday.
Parboiled Rice
Thailand parboiled rice is quoted at around $400 - $410 per ton. India parboiled rice is quoted at
around $380 - $390 per ton, about $15 per ton discount to Pakistan parboiled rice quoted at
around $395 - $405 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is quoted at around $320 - $330per ton, down about $5 per ton
from yesterday and about $15 per ton premium on Vietnam 100% broken rice shown at around
$305 - $315 per ton, down about $5 per ton from yesterday. India's 100% broken rice is shown at
around $275 - $285 per ton, about $15 per ton discount to Pakistan broken sortexed rice quoted
at around $290 - $300 per ton, up about $10 per ton from yesterday.
Oryza Overnight Recap – Chicago Rough
Rice Futures Slightly Lower Overnight as US
Dollar Continues to Surge
Mar 12, 2015

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Chicago rough rice futures for May delivery are currently listed 3.5 cents per cwt (about $1 per
ton) lower at $10.700 per cwt (about $236 per ton) ahead of early floor trading in Chicago. The
other grains are seen trading mixed this morning: soybeans are currently seen unchanged, wheat
is listed about 1.2% higher and corn is currently noted about 0.1% lower.U.S. stock index futures
indicated a higher open on Thursday, as investors mulled the impact of the strong U.S. dollar and
economic data. Retail sales for February fell 0.6%, missing expectations of a slight gain. Retail
sales excluding automobiles, gasoline, building materials and food services were unchanged after
a 0.1% decline in January.
The so-called core retail sales correspond most closely with the consumer spending component
of gross domestic product. The second straight month of weakness suggests a marked slowdown
in consumer spending in the first quarter after the fourth quarter's surge. Analysts were looking
at retail sales for a confirmation of consumer confidence that indicated a stronger economy on all
fronts, not just in employment numbers. Weekly jobless claims fell more than expected to
289,000, below the prior week's 320,000. Gold is currently trading about 0.6% higher, crude oil
is seen trading about 0.8% higher, and the U.S. dollar is currently trading about 0.8% lower at
8:00am Chicago time.
Oryza U.S. Rough Rice Recap - Unchanged
Market as Buyer/Seller Standoff Continues
Mar 12, 2015

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The U.S. cash market was unchanged today with little to no significant news to report that could
move the market in one direction or the other.Farmers are still holding out at these levels noting
that most of the bids they are receiving are at or below their cost of production while buyers
contend that they is no business to be had at the levels sellers hope to net.
In the meantime, the USDA reported that cumulative net export sales for the week ending on
March 5th
, totaled 82,500 tons, which was 19% higher than last week but 15% lower than the
prior 4-week average.
Increases were reported for the following destinations including: 22,100 tons to Mexico, 20,500
tons to Haiti, 11,100 tons to Costa Rica, 7,100 tons to Colombia, and 4,600 tons to
Guatemala.U.S. rice exporters shipped 53,100 tons, which was 59% higher than last week and
24% higher than the prior 4-week average. The primary destinations included: 35,600 tons to
Colombia, 4,300 tons to Saudi Arabia, 3,600 tons to Canada, 3,500 tons to Mexico, and 1,500
tons to Haiti.
Government of India Urged to Reconsider
Decision to End Levy Rice Procurement from
2015-16 KMS
Mar 12, 2015
The Chief Minister (CM) of the South
Indian state Telangana has urged the
government of India to reconsider its
decision to end the levy rice procurement
system starting from the 2015-16
(October - September) kharif marketing
season (KMS).In a letter to the Prime
Minister, the Telangana CM reportedly
requested to at least continue with the
25% cap on levy rice procurement for
safeguarding the interests of farmers. He
noted that the levy rice system was

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motivating millers to pay remunerative prices over and above the minimum support price (MSP)
to farmers to procure paddy.
The removal of the system may not encourage millers to pay remunerative prices, he noted. The
Telangana CM also noted that state governments usually pay only MSP and not remunerative
prices to farmers.Last month, the government of India has announced its decision to end the levy
rice system to ensure better prices to farmers. The government sources noted that there was no
proper supervision system and the millers were often not paying MSP to the farmers and were
selling the better-quality grain in the open market. Therefore the Food Ministry opined that the
actual purpose of levy rice system to bridge the capacity gap with government procurement
agencies is not being fulfilled.
Before that in August 2014, the government of India capped the levy rice procurement by state
governments from millers at 25% for the 2014-15 procurement season.Under the levy rice
procurement system, state governments procure a percentage of milled rice needed for their
public distribution (PDS) activities from millers, who purchase paddy from farmers, instead of
procuring paddy directly from farmers and getting it custom milled. Before capping the levy
percentage at 25%, percentage of levy rice procurement used to differ from state to state and
varied between 30-75% of procurement in respective states.The Indian government targets to
procure 30.05 million tons of rice during the 2014-15 Kharif Marketing Season (October 2014 -
September 2015), down about 12% from last year's target of around 34.3 million tons.
Oryza Afternoon Recap - Chicago Rough
Rice Futures Pull Back from Recent Highs as
Selling Pressure Spills over from Corn and
Beans; Wheat Continues to Rally on
Technical Buying
Mar 12, 2015
Chicago rough rice futures for May delivery settled 5.5 cents per cwt (about $1 per ton) lower at
$10.680 per cwt (about $235 per ton). After getting off to a strong start on what looked to be
follow-through buying, after yesterday’s double digit rally, rough rice futures gave back their
gains and ultimately slipped into negative territory by the end of the trading session. Today’s

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action is seen as bearish as the market tested points of overhead resistance at $10.750 and
$10.800 per cwt (about $237 and $238 per ton), provided by the 20-day moving average and the
upper boundary of the current trading range respectively, but was unable to maintain these levels
in late session trading.
The uptick in selling pressure late in the day seems to indicate that speculative shorts are
moving to protect their position in an effort to dampen the momentum of yesterday’s rally. The
other grains also closed lower for the most part, with wheat the only market managing to pull off
a higher close as the market continues to attempt to recover from historically low prices;
Soybeans closed about 0.2% lower at $9.9050 per bushel; wheat finished about 1.7% higher at
$5.0725 per bushel, and corn finished the day about 0.6% lower at $3.8850 per bushel.U.S.
stocks traded higher on Thursday as mixed economic data indicated to some investors that the
Federal Reserve will not raise interest rates as early as anticipated. The U.S. dollar fell about half
a percent, pausing its recent rally.
The euro edged higher to $1.06, up from 12-year lows hit on Wednesday. The Federal Reserve
said on Thursday that household net worth rose by $1.5 trillion in the fourth quarter of 2014 to a
record $83 trillion, with gains driven by real estate. U.S. business inventories were unchanged in
January and further declines in sales pushed the number of months it would take to clear shelves
to the highest since July 2009, which suggests a stock drawdown in the months ahead. Retail
sales for February fell 0.6%, missing expectations of a slight gain. Retail sales excluding
automobiles, gasoline, building materials and food services were unchanged after a 0.1% decline
in January. Weekly jobless claims fell more than expected to 289,000, below the prior week's
320,000.
The Dow Jones Industrial Average traded up 184 points, or 1.05%, at 17,820. The S&P 500
traded up 19 points, or 0.92%, at 2,059, with utilities leading gains as all sectors except energy
advanced. The Nasdaq traded up 27 points, or 0.55%, at 4,877. Gold is trading about 0.1%
higher, crude oil is seen trading about 1.4% lower, and the U.S. dollar is seen trading about 0.5%
lower at about 1:00pm Chicago time.Wednesday, there were 322 contracts traded, up from 245
contracts traded on Tuesday. Open interest – the number of contracts outstanding – on
Wednesday decreased by 5 contracts to 8,961.
Oryza Global Weather Outlook
Mar 12, 2015
Rain is expected across the Yangtze Valley, and central and eastern south China this week,
which will benefit early double crop rice as planting begins.

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Rain is expected across central and southern India this week.
Rain showers are expected across northern and western Pakistan this week.
A few showers are expected across central Thailand this week.
Light rain is expected in northern Vietnam and some parts in central Vietnam this week.
In Indonesia, rain is expected across western Malay Peninsula, Sumatra, Kalimantan, East
Malaysia, Sulawesi, and Java this week. Active rains in Kalimantan, central East Malaysia, Java,
and southern Sulawesi could slow early harvesting of the main crop.
A few showers are expected across south-eastern Philippines this week.
Rain is expected across central and north-western portions of the centre-South Brazil and north-
western portions of the Northeast Brazil this week.
Vietnam Exports About 421,202 Tons of Rice
in First Two Months of 2015
Mar 12, 2015

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Vietnam exported around 421,202 tons of rice in the first two months (January – February) of
2015, down about 34% from around 637,756 million tons of rice exported in in first two months
of 2014, according to data from the Vietnam Food Association (VFA). Average rice export price
so far in this year stands at about $452 per ton (FOB), up about 5% per ton from same time last
year.In Feb 2015, Vietnam exported about 200,814 tons of rice, down about 39% from about
330,501 tons rice exported in full month of February 2014, and down about 9% from about
220,388 tons rice exported in full month of January 2015. Average export prices in so far in
February stands at about $456 per ton, up about 2.5% from a year ago, and up about 2% per ton
from a month ago.
China Sells 1.2% of Late Harvest Rice from
Reserves
Mar 12, 2015
The government of China has sold around
15,268 tons or 1.2% of around 1.4 million
tons of late-harvest rice from reserves,
Bloomberg quoted a statement posted on
the National Grain and Oil Trade
Center.The government sold the rice at an
average price of around 2,710 yuan
(around $433) per ton.The government
usually procures rice from farmers at
prescribed prices to stabilize market prices
and protect farmers' interests. This year,
the government reportedly planned to build
more granaries to accommodate more stocks under its price intervention programs.
Government of India to Sell Excess Rice
Stocks in Open Market from April 1, 2015
Mar 12, 2015

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The government of India has
decided to sell excess rice stocks in
the open market from the new
fiscal year that begins on April 1,
2015, according to local
sources.The Food Corporation of
India (FCI) has been allowed to
offload excess rice stocks to the
extent of around 2 million tons to
bulk buyers such as millers and
traders. The stocks will be sold
through a weekly e-auction under
the open market sale scheme
(OMSS).According to the Food
Ministry sources, the FCI is planning to sell rice (Grade A quality) to private buyers and traders
at around Rs. 2,300 per quintal (around $368 per ton). The price level has been fixed after
considering the minimum support price (MSP) for procuring rice.
For the 2014-15 kharif marketing season (KMS), the government the MSP for common grade
paddy is at around Rs.1,310 per quintal (around $218 per ton) and the MSP for Grade 'A' paddy
is around Rs.1,345 per quintal (around $223 per ton).Sources pointed out that the minimum and
maximum auction quantity would be in the range of 50 - 3,500 tons. They also noted that the
state governments could also participate in the e-auction for OMSS.As of February 1, 2015,
India's rice stocks in the central pool stood at around 24.88 million tons (including a milled
equivalent of about 17.43 million tons of paddy). Current rice stocks are about 84% more than
the revised buffer and strategic reserve norms of around 13.5 million tons prescribed for this part
of the year.The FCI has been selling excess wheat stocks through OMSS to bulk buyers since
2009-10.
European Paddy, Rice Quotes Show Mixed
Trends
Mar 12, 2015
European paddy quotes in the weeks between February 24 and March 3 show some slight
movement, both for Indica and for Japonica varieties.Below are European paddy and rice
quotations supplied by European Union on March 3:

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SPAIN - Japonica paddy quotes decreased to 301 euros (about $ 317) per ton on March 3, from
302 euros (about $ 318) per ton on February 24. On March 3 Indica paddy was unchanged at 267
euros (about $ 281) per ton. Milled Japonica rice quoted at 567 euros (about $ 597) per ton on
March 3, from 561 euros (about $ 591) per ton on February 24.
PORTUGAL - Long A paddy indications increased to 325 euros (about $ 342) per ton on March
3, up from 314 euros (about $ 331) per ton on February 24. Meanwhile, Long B paddy did not
receive quotations on March 3 but was shown at 280 euros (about $ 295) per ton on February 24.
GREECE – No quotes have been available in the last two weeks for medium and Indica
varieties. Long grain paddy is quoted at 440 euros (about $ 463) per ton on both weeks.
ROMANIA - On March 3 Japonica paddy prices dipped lower to 359 euros (about $ 378) per
ton, from 395 euros (about $ 416) per ton on February 24. Indica paddy quotes softened to 306
euros (about $ 337) per ton on March 3 from 316 euros (about $ 322) per ton on February 24. As
for milled rice, Japonica quotes advanced to 850 euros (about $ 896) per ton on March 3 from
719 euros (about $ 758) per ton on February 24. Indica milled quotes advanced to 738 euros
(about $ 778) per ton on March 3, from 694 euros (about $ 731) per ton on February 24.
BULGARIA - Japonica paddy quotations remained firm at 276 euros (about $ 291) per ton as of
March 3. Japonica milled rice quotations were unchanged in the previous couple of weeks, at
814 euros (about $ 858) per ton.
FRANCE - Round milled rice was shown at 570 euros (about $ 601) per ton on March 3. Long A
indications advanced to 650 euros (about $ 685) per ton as of March 3. Long B was quoted at
550 euros (about $ 579) per ton on March 3. There were no quotations available for French.
Oryza Afternoon Recap - Chicago Rough
Rice Futures Pull Back from Recent Highs as
Selling Pressure Spills over from Corn and
Beans; Wheat Continues to Rally on
Technical Buying
Mar 12, 2015

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14
Chicago rough rice futures for May delivery settled 5.5 cents per cwt (about $1 per ton) lower at
$10.680 per cwt (about $235 per ton). After getting off to a strong start on what looked to be
follow-through buying, after yesterday’s double digit rally, rough rice futures gave back their
gains and ultimately slipped into negative territory by the end of the trading session. Today’s
action is seen as bearish as the market tested points of overhead resistance at $10.750 and
$10.800 per cwt (about $237 and $238 per ton), provided by the 20-day moving average and the
upper boundary of the current trading range respectively, but was unable to maintain these levels
in late session trading.
The uptick in selling pressure late in the day seems to indicate that speculative shorts are moving
to protect their position in an effort to dampen the momentum of yesterday’s rally. The other
grains also closed lower for the most part, with wheat the only market managing to pull off a
higher close as the market continues to attempt to recover from historically low prices; Soybeans
closed about 0.2% lower at $9.9050 per bushel; wheat finished about 1.7% higher at $5.0725 per
bushel, and corn finished the day about 0.6% lower at $3.8850 per bushel.U.S. stocks traded
higher on Thursday as mixed economic data indicated to some investors that the Federal Reserve
will not raise interest rates as early as anticipated. The U.S. dollar fell about half a percent,
pausing its recent rally.
The euro edged higher to $1.06, up from 12-year lows hit on Wednesday. The Federal Reserve
said on Thursday that household net worth rose by $1.5 trillion in the fourth quarter of 2014 to a
record $83 trillion, with gains driven by real estate. U.S. business inventories were unchanged in
January and further declines in sales pushed the number of months it would take to clear shelves
to the highest since July 2009, which suggests a stock drawdown in the months ahead. Retail
sales for February fell 0.6%, missing expectations of a slight gain. Retail sales excluding
automobiles, gasoline, building materials and food services were unchanged after a 0.1% decline
in January. Weekly jobless claims fell more than expected to 289,000, below the prior week's
320,000.
The Dow Jones Industrial Average traded up 184 points, or 1.05%, at 17,820. The S&P 500
traded up 19 points, or 0.92%, at 2,059, with utilities leading gains as all sectors except energy
advanced. The Nasdaq traded up 27 points, or 0.55%, at 4,877. Gold is trading about 0.1%
higher, crude oil is seen trading about 1.4% lower, and the U.S. dollar is seen trading about 0.5%
lower at about 1:00pm Chicago time.Wednesday, there were 322 contracts traded, up from 245
contracts traded on Tuesday. Open interest – the number of contracts outstanding – on
Wednesday decreased by 5 contracts to 8,961.

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15
Global Rice Quotes
March 13th, 2015
Long grain white rice - high quality
Thailand 100% B grade 405-415 ↔
Vietnam 5% broken 365-375 ↔
India 5% broken 390-400 ↔
Pakistan 5% broken 350-360 ↔
Myanmar 5% broken 415-425 ↔
Cambodia 5% broken 425-435 ↔
U.S. 4% broken 480-490 ↔
Uruguay 5% broken 580-590 ↔
Argentina 5% broken 570-580 ↔
Long grain white rice - low quality
Thailand 25% broken 370-380 ↔
Pakistan 25% broken 315-325 ↔
Cambodia 25% broken 410-420 ↔
India 25% broken 360-370 ↔
U.S. 15% broken 470-480 ↔
Long grain parboiled rice
Thailand parboiled 100% stxd 400-410 ↔
Pakistan parboiled 5% broken stxd 395-405 ↔
India parboiled 5% broken stxd 380-390 ↔
U.S. parboiled 4% broken 555-565 ↔
Brazil parboiled 5% broken 570-580 ↔
Uruguay parboiled 5% broken NQ ↔
Long grain fragrant rice
Thailand Hommali 92% 895-905 ↔
Vietnam Jasmine 455-465 ↔
India basmati 2% broken NQ ↔
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Mails 790-800 ↔
Brokens
Thailand A1 Super 320-330 ↔
Pakistan 100% broken stxd 290-300 ↔
Cambodia A1 Super 345-355 ↔
India 100% broken stxd 275-285 ↔
Egypt medium grain brokens NQ ↔
U.S. pet food 380-390 ↔
Brazil half grain NQ ↔
All prices USD per ton, FOB vessel, oryza.com

13th march,2015 daily exclusive oryza rice e newsletter by riceplus magazine

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13th march,2015 daily exclusive oryza rice e newsletter by riceplus magazine