10th september,2015 daily exclusive oryza rice e newsletter by riceplus magazine

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Daily Exclusive ORYZA Rice E-Newsletter Contents are published with permission of ORYZA.com

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Vol 5.Issue XIII

10th September, 2015

Daily Exclusive ORYZA Rice E-Newsletter

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Global Rice Quotes

September 9th, 2015

Long grain white rice - high quality

Thailand 100% B grade 355-365 ↔

Vietnam 5% broken 320-330 ↔

India 5% broken 365-375 ↔

Pakistan 5% broken 315-325 ↔

Myanmar 5% broken 415-425 ↔

Cambodia 5% broken 420-430 ↔

U.S. 4% broken 530-540 ↔

Uruguay 5% broken 535-545 ↔

Argentina 5% broken 530-540 ↔

Long grain white rice - low quality

Thailand 25% broken 330-340 ↔


Pakistan 25% broken 290-300 ↔

Cambodia 25% broken 405-415 ↔

India 25% broken 340-350 ↑

U.S. 15% broken 500-510 ↔

Long grain parboiled rice

Thailand parboiled 100% stxd 350-360 ↔

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Pakistan parboiled 5% broken stxd 415-425 ↔

India parboiled 5% broken stxd 355-365 ↔

U.S. parboiled 4% broken 570-580 ↔

Brazil parboiled 5% broken 545-555 ↔

Uruguay parboiled 5% broken NQ ↔

Long grain fragrant rice

Thailand Hommali 92% 810-820 ↔

Vietnam Jasmine 450-460 ↔

India basmati 2% broken NQ ↔

Pakistan basmati 2% broken NQ ↔

Cambodia Phka Mails 830-840 ↔

Brokens

Thailand A1 Super 305-315 ↔


Pakistan 100% broken stxd 275-285 ↔

Cambodia A1 Super 355-365 ↔

India 100% broken stxd 300-310 ↔

Egypt medium grain brokens NQ ↔

U.S. pet food 335-345 ↔

Brazil half grain NQ ↔

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

Philippines Issues Tender to Import Another

750,000 Tons of Rice

Sep 09, 2015

The Philippines' National Food Authority (NFA) today issued a tender to import another 750,000

tons in addition to the 1.8 million tons already planned to be imported this year as part of efforts

to prepare for the intensifying El Nino, according to Reuters.

The NFA is seeking offers from the governments of Vietnam, Thailand and Cambodia for the

supply of 25% broken well-milled rice before September 17, 2015. The state grains agency is

seeking delivery of the first 250,000 tons of rice before the year end and the remaining 500,000

tons in the first quarter of 2016.

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The agency is keen on maintaining buffer stocks in anticipation of an intensifying El Nino,

which is likely to cut down rice production in the country. “There is no better option than being

prepared,” the NFA reportedly said in a statement. “Drought due to El Nino is predicted to

intensify beginning October and will last until May 2016,” it added.

The local weather bureau cautioned that the El Nino event could be as severe as the 1997-98

event, which reduced the Philippines' rice harvest by nearly 24%. It also cautioned that the

current event could be one of the strongest events since 1950.

Extra purchases by the Philippines are expected to increase rice export prices in Asia, which

have fallen in recent months.

U.S. Researcher Experiments with Rice

Growing in Wisconsin

Sep 09, 2015

U

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While, Arkansas, California, Texas, Mississippi and Louisiana are the main rice growing states

in the U.S., a Marquette University researcher proved that rice could be grown in Wisconsin state

in the U.S. Midwest region, according to www.wgbhnews.org.

The researcher Michael Schläppi successfully grew a Russian rice variety called 'Krasnodarsky

3352' in his lab and field. He fixed on the variety after stress-testing around 200 rice varieties

from various countries to know whether they would be suitable to the Wisconsin weather. He

tested them in various climatic conditions.

He began planting seedlings on the rooftop in April this year and a month later shifted the

germinated seedlings to a field in about one-third acre. Throughout the summer he observed that

the rice crop survived well and is now ready for harvest. He is expecting a yield of around 8,000

pounds per acre (9 tons per hectare).

With the success of the experiment, the researcher is planning to extend the experiment to one

acre land. The 'Krasnodarsky 3352' variety is made for Wisconsin, he told reporters.

Indian Basmati Rice Exporters Struggle to

Cope with Oversupply and Lower Prices

Ahead of 2015 Harvest

Sep 09, 2015

Indian basmati rice exporters are concerned of oversupply of stocks from the kharif 2014 crop,

falling prices and lower demand ahead of the harvest of the kharif 2015 crop, which is likely to

begin from the end of September, according to local sources.

According to data from the Agricultural and Processed Food Products Exports Development

Authority (APEDA), export prices of basmati rice have declined to around $950-1,000 per ton

this year, down about 18% from around 1,220 per ton last year. The prices are said to have fallen

due to excess supplies.

Basmati rice farmers had increased acreage of basmati in 2014 kharif season to around 2.13

million hectares from around 1.8 million hectares in 2013 in anticipation of higher prices based

on higher returns received for the 2013 crop. They received as much as Rs. 4,000 per quintal

(around $600 per ton) in 2013-14 crop year (October - September). However, prices tumbled to

as low as Rs. 1,600-1,700 per quintal (around 4240 - $255 per ton) in the 2014-15 crop year

http://www.wgbhnews.org/

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partly due to a temporary ban imposed by Iran, which accounts for about 38% of India's basmati

rice exports. All these factors led to an oversupply of stocks.

Local sources say exporters are competing against themselves to clear stocks before the new

harvest arrives.

Meanwhile, Iran's removal of ban on Pakistani rice after the lifting of US sanctions is likely to

impact India's basmati rice exports. Though the volume of basmati and processing facilities in

Pakistan are limited, its increased participation in global market is expected to dent profits of

Indian rice exporters.

A senior official in APEDA told local sources that big brands are in a position to insulate

themselves from price corrections, but unorganized players are likely to be more affected. He

stressed on the importance of investing in branding in order to retain position in the international

market.

Third 'Ente Risi Open Day' to Demonstrate

Use of Drones in Precision Farming

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Sep 09, 2015

The Rice Research Center of the Ente Nazionale Risi, the National Agency for Rice, is

organizing the third Ente Risi Open Day in Castello d'Agogna (Pavia) on September 10, 2015.

The Ente Risi Day is divided into two parts. In the morning, a conference titled "A comparison

among international researchers for a competitive rice growing sector" will be held. Several

international and Italian researchers are expected to participate. In the afternoon there will be a

visit to the Ente Risi testing fields where a demonstration of the use of drones for precision

farming has been arranged. The National Research Council (CNR) researchers will also present

the Hermes (Satellite services for agriculture) project, which is supported by the European Union

and the Ente Risi.

The day aims at bringing together researchers from different countries. "The significance of this

day is to bring together researchers from different nationalities who bring to the attention of the

whole scientific chain the results related to common problems in a spirit of cooperation and

mutual synergy," says the Ente Nazionale Risi Commissioner.

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U.S. Dominates Turkey Rice Imports in First

Six Months of 2015 Sep 09, 2015

The U.S. has reportedly dominated Turkey rice imports during the first six months of 2015. Of

the 208,000 tons imported by Turkey, U.S. rice accounts fro about 71,500 tons or 34% of the

total rice imports during the period, according to USA Rice Federation.

The Turkish imports have increased despite increased acreage due to enhanced promotional

activities by the USA Rice Federation. The Federation laid stress on increased promotion during

the summer. It reached almost 2.4 million Turkish consumers through its articles and recipes

featuring U.S. grown rice. It also organized in-store promotions in the market, with 16

demonstrations at two hypermarkets. It could reach aboue 10,000 customers that way.

Turkey imports mostly medium grain rice.

India Rice Sellers Increase Some of Their

Quotes; Other Asia Rice Quotes Unchanged

Today Sep 09, 2015

India rice sellers increased their quotes for 25% broken rice by about $5 per ton to around $340-

$350 per ton today. Other Asia rice sellers kept their quotes mostly unchanged.

5% Broken Rice Thailand 5% rice is indicated at around $345 - $355 per ton, about $25 per ton premium on

Vietnam 5% rice shown at around $320 - $330 per ton. India 5% rice is indicated at around $365

- $375 per ton, about $50 per ton premium on Pakistan 5% rice shown at around $315 - $325 per

ton.

25% Broken Rice Thailand 25% rice is shown at around $330 - $340 per ton, about $15 per ton premium on

Vietnam 25% rice shown at around $315- $325 per ton. India 25% rice is indicated at around

$340 - $350 per ton, up about $5 per ton from yesterday and about $50 per ton premium on

Pakistan 25% rice shown at around $290 - $300 per ton.

Parboiled Rice Thailand parboiled rice is indicated at around $350 - $360 per ton. India parboiled rice is

indicated at around $355- $365 per ton, about $60 per ton discount to Pakistan parboiled rice last

shown at around $415 - $425 per

ton.

100% Broken Rice Thailand broken rice, A1 Super, is indicated at around $305 - $315 per ton, about $5 per ton

from premium on Vietnam 100% broken rice shown at around $300 - $310 per ton. India's 100%

broken rice is shown at around $300 - $310 per ton, about $25 per ton premium on Pakistan

broken sortexed rice shown at around $275 - $285 per ton.

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Brazil Exports 719,112 Tons of Rice in First

Eight Months of 2015 Sep 09, 2015

Brazil has exported around 719,112 tons of rice in the first eight months (January – August) of

2015, according to data released by the Rice Institute of Rio Grande do Sul (IRGA).

In August 2015, Brazil exported around 117,342 tons of rice, up about 70% from around 68,979

tons exported in July 2015.

Senegal remained the largest importer of Brazilian rice in August 2015 with around 38,226 tons,

or about 32.5% of Brazil's total rice exports during the month. Nicaragua accounted for around

20,007 tons (about 17% of Brazil's total exports during the month); Switzerland accounted for

around 14,706 tons (about 12.5% of Brazil's total exports during the month); Gambia accounted

for 11,764 tons (about 10% of Brazil's total exports during the month); and Benin accounted for

around 8,456 (about 7% of Brazil's total exports during the month).

Costa Rica (5,351 tons), Peru (4,154 tons), South Africa (2,794 tons), U.S. (2,721 tons), Bolivia

(1,380 tons), Cape Verde (1,141 tons), Trinidad and Tobago (863 tons) Saudi Arabia (732 tons),

Chile (726 tons), S. VIC. And Grenadines (589 tons), Panama (588 tons), Angola (538 tons),

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Honduras (515 tons), Belgium (257 tons), Barbados (184 tons), Ant. Netherlands (110 tons) and

others (1,165 tons) accounted for the remaining 21% of Brazil's total rice exports in June 2015.

Brazil exported around 1.24 million tons of rice in 2014, up about 2.4% from around 1.209

million tons exported in 2013, according to data from IRGA.

Oryza Afternoon Recap - Chicago Rough

Rice Futures Find Follow-through Buying

Interest Following Yesterday's Technical

Breakout Sep 09, 2015

Chicago rough rice futures for Nov delivery settled 19 cents per cwt (about $4 per ton) higher at

$12.465 per cwt (about $275 per ton). The other grains finished the day mostly lower; Soybeans

closed about 0.8% lower at $8.7225 per bushel; wheat finished about 0.6% lower at $4.7225 per

bushel, and corn finished the day about 0.2% higher at $3.6900 per bushel.

U.S. stocks traded lower Wednesday, failing to extend a rally in global markets amid talk of

stimulus overseas. The major averages traded lower in early afternoon trade. Earlier, they gave

up their opening rally of about 1% to dip into negative territory. Traders also eyed the Job

Openings and Labor Turnover Survey (JOLTS) which showed the number of job openings was a

record 5.8 million, the U.S. Bureau of Labor Statistics said. The key nonfarm payrolls report

Friday reinforced expectations that labor conditions are strong enough to support a rate hike,

which could possibly come as soon as the Federal Reserve's meeting next week. Earlier, stocks

opened sharply higher following strong gains in markets overseas.

China's Ministry of Finance said the government will strengthen fiscal policy, boost

infrastructure spending and speed up reform of its tax system, adding to other steps to re-

energize sputtering growth. Japanese stocks also rallied on back of comments by Prime Minister

Shinzo Abe that the government aims to lower the corporate tax rate.

The Dow Jones Industrial Average traded up 27 points, or 0.17%, at 16,520. The S&P 500 traded

up 4 points, or 0.21%, at 1,973, with consumer discretionary leading six sectors higher and

utilities the greatest decliner. The Nasdaq traded up 16 points, or 0.34%, at 4,828. Gold is trading

about 1.3% lower, crude oil is seen trading about 2.8% lower, and the U.S. dollar is seen trading

about 0.2% higher about 1:15pm Chicago time.Tuesday, there were 587 contracts traded, up

from 207 contracts traded on Friday. Open interest – the number of contracts outstanding – on

Tuesday increased by 180 contracts to 9,872.

Documents

10th september,2015 daily exclusive oryza rice e newsletter by riceplus magazine