10th March ,2016 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

Daily Exclusive ORYZA Rice E-Newsletter

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www.ricepluss.com www.riceplusmagazine.blogspot.com

March 10,2016 Vol 7,Issue III


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Brazil Exports 170,751 Tons of Rice in First

Two Months of 2016, Up 42% from Previous

Year

Mar 09, 2016

Brazil exported around 170,751 tons of rice in the first two months of 2016, up about 42% from

around 119,828 tons exported during the same period in 2015, according to data released by the

Rice Institute of Rio Grande do Sul (IRGA).

In February 2016, Brazil exported around 74,701 tons of rice, down about 22% from around

96,050 tons in January 2016 and up about 50% from around 49,915 tons exported in February

2015.

The U.S. remained the largest importer of Brazilian rice in February 2016 with around 34,726

tons, or about 46% of Brazil's total rice exports during the month. Switzerland accounted for

around 16,550 tons (about 22% of Brazil's total rice exports during the month); and Peru

accounted for around 5,882 tons (about 8% of Brazil's total rice exports during the month).

Bolivia (2,266 tons), Gambia (2,220 tons), Angola (2,195 tons), Belgium (1,614 tons), Benin

(1,471 tons), Chile (1,309 tons), The Netherlands (1,103 tons), and others (5,365) accounted for

the remaining 24% of Brazil's total rice exports in February 2016.

Iraq Passes On Tenders to Buy At least

30,000 Tons of Rice


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Iraq has passed on tenders to buy at least 30,000 tons of rice to be sourced from the U.S.,

Uruguay or Argentina, Reuters quoted European traders.

Argentina's quote for 30,000 tons at $468 per ton (c&f free out) was reportedly the lowest quote

received. Another offer from Argentina was quoted at $492 per ton (c&f free out) for 60,000

tons.

Two offers from the U.S. included $561 per ton (c&f free out) for 60,000 tons and $573.9 per ton

(c&f free out) for 100,000 tons.

Uruguay rice was offered at $4478 per ton for 30,000 tons.

Indian rice was also offered at $478 per ton (c&f free out) for 90,000 tons despite Indian origin

rice was not requested in the tender.

The rice was sought for delivery between March and April this year. Offers are valid till March

14, 2016.

Iraq also passed off the previous tender for 90,000 tons U.S. origin rice, which closed on

February 21, 2016, after submission of uninvited cheaper offers from Uruguay and Argentina.

Oryza U.S. Rough Rice Recap - Prices Fall

after USDA Increases Global Carryover; U.S.

Ending Stocks Unchanged Mar 10, 2016

The U.S. cash market was weaker today after the USDA left the U.S. long grain sheet unchanged

with 23.0 million cwt in ending stocks while increasing global ending carryover by 1.2 million

tons.

The USDA raised global production by 1.8 million tons on increased production in India which

was partly offset by a decrease in production in Indonesia while increasing global consumption

by 0.6 million tons.

Analysts note that on the surface this report appears bearish, however many believe that the

USDA’s domestic consumption figure is too low and their Indian production figure is too high.

Experts Call for Private-Public Partnerships

in African Rice R&D Mar 09, 2016

Experts have stressed the need for public and private sector institutions in Africa to join hands to

address rice research and production challenges in the continent, according to Sci Dev Net.

Speaking at the 2016 AfricaRice Science Week and Global Rice Science Partnership-Africa

Science Forum last month, the AfricaRice Deputy Director-General urged the African rice

farmers to increase production capacity as the demand for rice in Africa would increase to

around 38 million tons by 2040. To achieve this task, the role of private sector is very crucial, he

said. AfricaRice Director-General added that such partnerships should intensify advances in

scientific research to boost rice production in Africa.


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Other experts noted that the joint efforts and strengths of public-private sector partnerships of all

actors in the rice value chain could help boost production and enhance research on rice in Africa.

The conference was organized by AfriaRice, a member of the Consultative Group for

International Agricultural Research (CGIAR) Consortium to review the activities carries out by

rice teams in 2015, and was attended by 200 experts from 30 countries. In the conference, the

teams reportedly decided to disseminate scalable technologies for rice production and carry out

effective and efficient planning of rice research-for-development (R4D) activities in 2016.

USDA Lowers Forecast for U.S. 2015-16 All

Rice Exports Mar 09, 2016


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In its March 2016 World Agricultural Demand and Supply Estimates (WASDE) report, the

USDA lowered the forecast for U.S. all rice exports to around 4.54 million tons in 2015-16, from

an estimated 4.76 million tons in 2014-15 and down from its previous estimates of around 4.63

million tons due to reduced shipments of southern medium-grain rough rice, especially to

Turkey. The USDA forecasts 2015-16 medium-grain exports at around 1.41 million tons, down

from an estimated 1.45 million tons in 2014-15 and down from its previous estimates of around

1.5 million tons.

The USDA forecasts 2015-16 all rice use at around 10.02 million tons, down from around 10.61

million tons last year and down from its previous estimates of around 10.12 million tons. It

forecasts 2015-16 medium-grain use at around 2.9 million tons, up from an estimated 2.86

million tons in 2014-15 and down from its previous estimates of around 2.99 million tons.

The USDA forecasts 2015-16 all rice ending stocks at around 1.99 million tons, up from an

estimated 1.95 million tons last year and up from its previous estimates of around 1.9 million

tons. It forecasts 2015-16 medium-grain ending stocks at around 860,000 tons, up from an

estimated 570,000 tons in 2014-15 and up from its previous estimates of around 770,000 tons.

The USDA kept its forecasts for the U.S. long-grain exports, use and stocks unchanged at its

previous estimates of around 3.99 million tons, 3.13 million tons and 1.04 million tons

respectively.

The USDA lowered all rice average farm prices to around $273.37 - $291.00 per ton from its last

month's forecast of $275.57 - $293.21 per ton due to lower projected medium- and short-grain

prices. It lowered the U.S. combined medium- and short-grain rice average farm prices to around

$352.74 - $370.37 per ton from its last month's forecast of $354.94 - $372.57 per ton.

The USDA, however kept the U.S. all rice production and supply projections unchanged from

the previous month.

Bangladesh Domestic Rice Prices Increase

Temporarily on Higher Mill-Gate Prices, Say

Traders Mar 09, 2016

Bangladesh domestic rice prices have been increasing for the last few days in most of

Bangladesh's city markets following a hike in prices at the mill-gates, according to the Financial

Express.

Traders told reporters that prices of most rice varieties increase by Tk 1.0 - 4.0 per kilogram

(around $13 - $52 per ton) in Dhaka and other markets. Coarse rice prices are in the range of Tk

30 - 33 per kilogram (around $392 - $430 per ton).

Bangladesh Auto Major Husking Mill Owners Association secretary noted that t is a normal

market trend that rice prices fluctuate after completion of a harvesting season until the next

harvest. However, some traders are predicting that prices may fall again when the Boro (January

- May) harvest would begin next month.

According to the UN's Food and Agriculture Organization (FAO), wholesale and retail prices of

coarse rice declined in February due to higher supplies from the Aman crop (July - December).

The Department of Agriculture Extension (DAE) targets about 34.9 million tons of rice in FY

2015-16 (July - June) from three rice seasons - Aman, Aus and Boro. DAE officials noted that


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Aman and Aus (February - August) rice production remained almost static this FY due to flood

in the cultivation period. An official said the total production of Aman and Aus is likely to be

15.5 million tons. Bangladesh produced about 34.7 million tons of milled rice in FY 2014-15.

Last month, the government proposed to sell about 1.5 million tons of rice and wheat at reduced

prices in the open market in order to clear the stocks before the arrival of the newly harvest rice.

The government storage capacity for storage of food grains is 1.9 million tons. The government

aims to sell rice in OMS at around Tk 23-25 per kilogram (around $300 - $326 per ton).

Currently, the government rice stocks stand at around 1.065 million tons. However, the sale had

been slow. A renowned agricultural economist noted that availability of better quality rice in the

market at affordable prices has been refraining consumers from buying the OMS rice.

However, he noted that: "A little-bit hike in rice prices this month might benefit the Boro

farmers, who will begin harvest from next month."

Global Rice Quotes March 10th, 2016

Long grain white rice - high quality

Thailand 100% B grade 370-380 ↔

Vietnam 5% broken 365-375 ↔

India 5% broken 365-375 ↔

Pakistan 5% broken 335-345 ↔

Myanmar 5% broken 420-430 ↔

Cambodia 5% broken 410-420 ↔

U.S. 4% broken 440-450 ↓

Uruguay 5% broken 445-455 ↔


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Argentina 5% broken 435-445 ↔

Long grain white rice - low quality

Thailand 25% broken 350-360 ↔


Pakistan 25% broken 305-315 ↔

Cambodia 25% broken 395-405 ↔

India 25% broken 330-340 ↔

U.S. 15% broken (sacked) 440-450 ↔

Long grain parboiled rice

Thailand parboiled 100% stxd 365-375 ↔

Pakistan parboiled 5% broken stxd NQ ↔

India parboiled 5% broken stxd 355-365 ↔

U.S. parboiled 4% broken 480-490 ↔

Brazil parboiled 5% broken 520-530 ↔

Uruguay parboiled 5% broken NQ ↔

Long grain fragrant rice

Thailand Hommali 92% 660-670 ↔

Vietnam Jasmine 450-460 ↔

India basmati 2% broken NQ ↔

Pakistan basmati 2% broken NQ ↔

Cambodia Phka Mails 755-765 ↔

Brokens

Thailand A1 Super 330-340 ↑


Pakistan 100% broken stxd 285-295 ↔

Cambodia A1 Super 335-345 ↔

India 100% broken stxd 260-270 ↔

Egypt medium grain brokens NQ ↔

U.S. pet food 280-290 ↔

Brazil half grain NQ ↔

All prices USD per ton, FOB vessel, oryza.com

Indian Private Company Developing High-

Yielding Salinity-Tolerant Rice Mar 09, 2016

An Indian agri-biotech company is developing a high-yielding and salinity-tolerant rice variety

jointly with a U.S. based Biosciences company, according to the Press Trust of India (PTI).

The two companies announced in a statement this week that good progress is seen in the

development of the variety. According to the statement, two years of initial field trials using rice

varieties with the U.S. company's salinity-tolerant (ST) trait showed double-digit yield growth

under saline conditions, and no loss of yield under normal conditions.

Following the successful field trials, the Indian company is reportedly planning to advance these

lead ST rice lines into their trait introgression programme, and conduct further multi-location

field trials to validate trait performance. "We will now move forward to incorporate these rice


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lines into elite materials to bring commercial benefits for rice growers," said the Chief

Technology officer of the Indian company.

This particular ST trait has been applied to a wide variety of crops, including wheat, rice, cotton,

sugarcane and vegetables.

Salinity is the most challenging issue in rice cultivation across the world. It occurs when ground

water supplies are salinized due to seawater intrusion and mineral deposits. Such areas are

reportedly more prevalent in North America, India, China, Australia and other regions of Asia.

Oryza CBOT Rough Rice Futures Recap -

Chicago Rough Rice Futures Tumble as

USDA Leaves Data Nearly Unchanged and

Fails to Add Support Mar 10, 2016

Chicago rough rice futures for May delivery settled 15 cents were cwt (about $3/ton) lower at

$10.385 per cwt (about $229 per ton). The other grains finished the day with mixed results;

Soybeans closed about 0.1% higher at $8.8575 per bushel; wheat finished about 0.6% higher at

$4.6825 per bushel, and corn finished the day about 0.3% lower at $3.5950 per bushel.

U.S. stocks held mostly higher in choppy trade Wednesday as oil prices rose and investors

awaited the outcome of Thursday's European Central Bank meeting. ECB President Mario

Draghi is expected to announce more stimulative measures, with hopes of expansion of the asset

purchase program and a possible further cut to the already negative deposit rate. U.S. crude oil

futures held near $37.70 a barrel in afternoon trade. Earlier, WTI extended gains to trade more

than 4% higher above $38 a barrel after weekly crude oil inventories showed a rise of 3.9 million

barrels but a drop of 4.5 million barrels in gasoline inventories. Hopes of curbing production also

supported oil gains.

An Iraqi oil official told state newspaper Al-Sabah that OPEC and non-OPEC members would

meet in Moscow on March 20 to discuss an output freeze. However, Russian Energy Minister

Alexander Novak said Wednesday that no time or place had been agreed for such a meeting this

month, Reuters reported, citing the Russian TASS news agency. In economic news, weekly

mortgage application volume increased 0.2% on a seasonally adjusted basis, according to the

Mortgage Bankers Association. Wholesale inventories rose 0.3% in January, while sales declined

1.3%.European stocks came off session highs to end about half a percent higher. The STOXX

Europe 600 Banks index closed about a third of a percent higher.

Asian stocks closed mostly lower, with the Shanghai composite off about 1.3% and the Nikkei

225 0.8% lower. In afternoon trade, the Dow Jones industrial average gained 55 points, or

0.33%, to 17,019. The S&P 500 traded up 10 points, or 0.52%, to 1,989, with energy leading

eight sectors higher, with telecommunications and consumer discretionary as the only decliners.

The Nasdaq composite rose 16 points, or 0.35%, to 4,665. Gold is seen trading about 0.5%

lower, crude oil is seen trading about 3.6% higher, and the U.S. dollar is seen trading about 0.2%


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lower at about 1:15pm Chicago time.Tuesday, there were 352 contracts traded, down from 677

contracts traded on Monday. Open interest – the number of contracts outstanding – on Tuesday

increased by 4 contracts to 11,923.

Vietnam Rice Exports Increase Slightly m/m

in January 2016, Reports USDA Post Mar 09, 2016

Vietnam has exported around 508,153 tons of rice in January 2016, slightly up from around

505,851 tons exported in December 2015, and up about 58% from around 320,750 tons exported

in January 2015, reports USDA Post based on data from the General Customs Office and the

Vietnam Food Association (VFA) .Asia accounted for around 322,076 tons (about 63% of total

rice exports by Vietnam in January 2016) during the month. Month-on-month, Vietnam's rice

exports to Asian destinations declined about 26% from around 435,780 tons exported in

December 2015.

Year-on-year, they increased about 2.4 times from around 132,097 tons exported in January

2015.Vietnam exported around 88,802 tons of rice to Africa (about 17% of total January 2016

exports) in January 2016, about 3.25 times from around 27,337 tons exported in December 2015,

and down about 23% from around 114,912 tons exported in January 2015.Vietnam exported

around 84,732 tons of rice to American destinations (about 17% of January 2016 exports), about

2.4 times more from around 34,770 tons exported in December 2015, and up about 35% from

around 62,625 tons exported in January 2015.


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Vietnam's exports to Australia (about 0.2% of January 2016 exports) increased about 3.76 times

to around 9,464 tons in January 2016 from around 2,513 tons exported in December 2015 and

increased about 6.6 times from around 1,429 tons exported in January 2015.Vietnam's exports to

Europe and CIS countries (about 0.6% of total January 2016 exports) accounted for around 3,079

tons in January 2016, down about 43% from around 5,451 tons exported in December 2015 and

down about 68% from around 9,687 tons exported in January 2015.In terms of grade, 5% broken

rice exports accounted for around 149,747 tons (or, about 29% of total January 2016 exports);

Jasmine rice exports accounted for around 117,208 tons (or, about 23% of total January 2016

exports); 15% broken rice exports accounted for around 129,414 tons (or, about 25% of total

exports in January 2016); 25% broken rice exports accounted for around 52,294 tons (or, about

10% of total exports in January 2016); glutinous rice exports accounted for around 46,386 tons

(or, about 9% of total January 2016 exports); and 10%, 100% and other varieties accounted for

around 13,104 tons (or, about 2.5% of total exports in January 2016).

Vietnam Rice Quotes Mixed Today; Other

Asia Rice Quotes Unchanged

Mar 09, 2016

Vietnam rice sellers lowered their quotes for 5% broken rice by about $5 per ton to around $365-

$375 per ton and increased their quotes for 25% broken rice, 100% broken rice and Jasmine rice

by about $5 per ton each to around $355-$365 per ton, $340-$350 per ton and $450-$460 per ton

respectively today. Other Asia rice sellers kept their quotes unchanged today.

5% Broken Rice Thailand 5% rice is indicated at around $360 - $370 per ton, about $5 per ton discount to

Vietnam 5% rice shown at around $365 - $375 per ton. India 5% rice is indicated at around $365

- $375 per ton, about $30 per ton premium on Pakistan 5% rice shown at around $335 - $345 per

ton.

25% Broken Rice Thailand 25% rice is indicated at around $350 - $360 per ton, about $5 per ton discount to

Vietnam 25% rice shown at around $355- $365 per ton. India 25% rice is indicated at around

$330 - $340 per ton, about $25 per ton premium on Pakistan 25% rice shown at around $305 -

$315 per ton.

Parboiled Rice Thailand parboiled rice is indicated at around $365 - $375 per ton. India parboiled rice is

indicated at around $355 - $365 per ton, about $50 per ton discount to Pakistan parboiled rice

last shown at around $405 - $415 per ton.

100% Broken Rice Thailand broken rice, A1 Super is indicated at around $325 - $335 per ton, about $15 per ton

discount to Vietnam 100% broken rice shown at around $340 - $350 per ton. India's 100%

broken rice is shown at around $260 - $270 per ton, about $25 per ton discount to Pakistan

broken sortexed rice shown at around $285 - $295 per ton. Exclusive News have been shared with written permission of ORYZA.com with thanks

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10th March ,2016 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine