27th December 2013 ORYZA NEWS by Riceplus Magazine

27th December , 2013
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TOP Contents - Tailored for YOU Latest News Headlines

Vietnam Rice Quotes Mixed Today; India, Pakistan Rice Sellers Lower Some of Their Quotes Thailand Hopes to Export 10 Million Tons of Rice in 2014 Oryza Rice Currency Analysis for Today India Rupee Down 0.6% Oryza Afternoon Recap Chicago Rough Rice Futures Pull-back from Nearby Technical Resistance as Trade Activity Remains Seasonally Slow Oryza Quick Glance at MDA Rice Crop Weather Update Bali Package on Foodgrain Stockpiling Against WTO Ideals, Claim Pakistan Rice Growers Vietnam Rice Quotes Mixed Today; India, Pakistan Rice Sellers Lower Some of Their Quotes Australia SunRice Increases Paddy Purchase Prices Iraq Tenders to Buy Minimum 30,000 Tons of Rice Oryza Overnight Recap Chicago Rough Rice Futures Prepare to Reopen Following Mid-Week Holiday Break Oryza Quick Glance at World News Oryza Global Rice Quotes
NEWS DETAILS:
Vietnam Rice Quotes Mixed Today; India, Pakistan Rice Sellers Lower Some of Their Quotes
Dec 26, 2013
Vietnam rice sellers lowered their quotes for 5% broken rice, 25% broken rice and 100% broken rice by about $5 per ton each to about $405 - $415 per ton, $380 $390 per ton and $360 - $370 per ton respectively, but increased their quotes for jasmine rice by about $5 per ton to about $610 - $620 per ton. India rice sellers lowered their quotes for 100% broken rice by about $5 per ton to about $300 - $310 per ton, while Pakistan rice sellers lowered their quotes for parboiled rice by about $10 per ton to about $415 - $425 per ton. Thailand rice sellers kept their quotes unchanged today. 5% Broken Rice
Thai 5% rice (of new crop) is quoted around $420 - $430 per ton, about a $15 per ton premium over Viet 5% rice shown around $405 - $415 per ton, down about $5 per ton from yesterday. Thai 5% rice of the old crop is shown around $370 - $380 per ton. Indian 5% rice is quoted around $410 - $420 per ton, about a $30 per ton premium over Pak 5% rice quoted around $380 - $390 per ton. 25% Broken Rice Thai 25% rice (of new crop) is quoted about $375 - $385 per ton, about a $5 per ton discount to Viet 25% rice shown around $380 - $390 per ton, down about $5 per ton from yesterday. Thai 25% rice of the old crop is shown around $345 - $355 per ton. Indian 25% rice is quoted about $370 - $380 per ton, about a $30 per ton premium over Pak 25% rice quoted around $340 - $350 per ton. Parboiled Rice Thai parboiled rice of the old crop is quoted around $440 - $450 per ton. Thai parboiled rice quotes of the new crop are unavailable today. Indian parboiled rice is quoted around $395 - $405 per ton, about a $20 per ton discount to Pak parboiled rice quoted around $415 - $425 per ton, down about $10 per ton from yesterday. 100% Broken Rice Thai broken rice, A1 Super, of the old crop is quoted around $295 - $305 per ton and about a $65 per ton discount to Viet broken rice shown around $360 - $370 per ton, down about $5 per ton from yesterday. Thai broken rice quotes of the new crop are unavailable today. Indian broken sortexed rice is quoted about $300 - $310 per ton, down about $5 per ton from yesterday and about a $15 per ton discount to Pak broken sortexed rice quoted around $315 - $325 per ton.
Tags: Asia rice quotes, India rice quotes, Thailand rice quotes, Pakistan rice quotes, Vietnam rice quotes
Thailand Hopes to Export 10 Million Tons of Rice in 2014

Dec 26, 2013
Thailands rice exports may surge to around 8 - 10 million tons in 2014, the director- general of the Department of Foreign Trade told local sources today.The DFT DG says that rice exports by Thailand in 2013 are expected to decline to around 6.68 million tons, down about 16% from the targeted 8 8.5 million tons. However, interest in Thai rice is growing due to low prices and demand among rice importers is also likely to increase next year due to weather disturbances in 2013. The DG also says that Thailands rice exports may increase to around 8 10 million tons in 2014, with government-to-government deals accounting for around 60% of exports.Meanwhile, the Finance Ministry says that the government has sufficient funds to pay farmers under the rice mortgage program and delayed payments will be done by January 15, 2014. According to the ministry, the government will spend up to 90 billion baht (about $2.75 billion) to pay farmers in the 2013-14 rice mortgage program on January 15, 2014.
Tags: Thailand rice exports
Oryza Rice Currency Analysis for Today India Rupee Down 0.6%
Dec 26, 2013
U.S. dollar index was down -0.09% from the open today, when it traded at 80.487 at the close. Euro was stronger +0.10% today by the close, trading around 1.3694 by end of day, after trading between an intraday high of 1.3702 and low of 1.3664. Thai baht was weaker -0.18%, trading at 32.840 at the close of business. Indian rupee was -0.59% weaker, trading at 62.1637. Brazilian real was +0.16% stronger than the open at todays close, when it ended at 2.3536 reais per dollar. Pakistan rupee was -0.45% weaker at 105.5750. Vietnamese dong unchanged at 21095. Mexican peso was -0.29% weaker today, when it traded at 13.0663 pesos per dollar by the close of business today. Chinese yuan was -0.03% weaker at 6.0733. Argentine peso was -0.43% weaker at 6.4686 pesos per dollar.
Tags: foreign exchange rates
Oryza Afternoon Recap Chicago Rough Rice Futures Pull-back from Nearby Technical Resistance as Trade Activity Remains Seasonally Slow
Dec 26, 2013
Chicago rough rice futures for March delivery settled 5.5 cents per cwt (about $1 per ton) lower at $15.345 per cwt (about $338 per ton). Rough rice futures slipped slightly today as the market reopened following a midweek holiday break. Despite the reopening of trading in Chicago, futures and physical activity remains seasonally slow and is likely to remain so into the first few weeks of January. Technically prices bounced off of nearby resistance around $15.415 per cwt (about $340 per ton), provided by the 10-day moving average. This point will continue to come into play if the market attempts to move higher tomorrow. The other grains finished lower as well today; soybeans finished the day about 1.3% lower at $13.0525 per bushel; wheat finished about 0.1% lower at $6.0600 per bushel; and corn finished the day about 1.9% lower at $4.2625 per bushel.
U.S. stocks rose on Thursday, with Wall Street continuing its record-setting advance after data had fewer Americans than expected filing applications for jobless benefits last week, casting a positive light on the labor market. The Dow Jones Industrial Average climbed. The S&P 500 gained, with energy and consumer discretionary leading sector gains and utilities the weakest performer among its 10 major industry groups. The Nasdaq also rose, touching its highest level since Sept. 1, 2000. After briefly surpassing 3%, the yield on the 10year Treasury note was up 1 basis point at 2.99%. U.S. stock markets are currently trading about 0.7% higher, gold is trading about 0.6% higher, crude oil is seen trading about 0.3% higher, and the U.S. dollar is seen trading about 0.1% lower at about 2:00pm Chicago time. Tuesday, there were 490 contracts traded, up from 484 contracts traded on Monday. Open interest the number of contracts outstanding on Tuesday increased by 83 contracts to 7,243.
Tags: chicago rough rice futures; U.S. rice prices, U.S rice market
Oryza Quick Glance at MDA Rice Crop Weather Update

Dec 26, 2013
Oryza shares some of MDAs latest rice crop weather updates: Weather is expected to be dry in China this week. Snowfall is likely to continue in Central and northern Japan this week. Dry weather will favor rice harvest in Thailand and Vietnam this week. Rainfall may slow planting of new crop in Luzon region in the Philippines this week. Rainfall may disrupt second season harvest in some parts of Indonesia this week. Dry weather will favor harvest of main crop in India. Weather is expected to remain dry in Bangladesh and Pakistan this week. Weather will favor rice crop in West Africa this week. Rainfall will favor rice crop in northern and central areas of Brazil this week. Drier weather will reduce wetness concerns in the Delta region of the U.S. this week. For more complete weather information, contact: www.mdaus.com.
Tags: Weekly weather report for rice pdf: MDA Weather.pdf
Bali Package on Foodgrain Stockpiling Against WTO Ideals, Claim Pakistan Rice Growers
Dec 26, 2013
The recent WTO Bali Package is being hailed as a historic deal that respects the need of food grain stockpiling in developing countries such as India, but it has miffed other rice exporting countries which believe that allowing food subsidies in an unbridled manner will ultimately distort international rice trade.On December 10, 2013, Oryza reported that WTO in its ninth ministerial conference in Bali allowed developing nations to continue stockpiling rice and other food grains without limits in an interim solution until 2017 when the eleventh WTO ministerial conference is likely to take place. However, WTO announced some key additions on December 11, 2013. It said, developing nations can stockpile food grains only if it is a staple, and added that the interim solution will continue until a permanent one is not agreed upon by all members. It is expected that rice sector in countries such as Pakistan will be worst affected by these changes. According to Pakistans Basmati Growers Association (BGA), the Bali package goes contrary to WTO ideals and fails to protect other developing countries from the exports of subsidized staple crops like rice wheat and cereals of countries like India. The BGA chief Choudhry Hamid Malhi says that food subsidies were never on the agenda of WTO and the Agreement on Agriculture. The Doha Round emphasized on reducing production and export subsidies and not what Bali has approved, he says.Allowing the interim solution until a permanent one is agreed by all members effectively means that the interim arrangement could continue indefinitely. It could be a win-win situation for India at the cost of smaller economies whose farmers would be at a loss to compete and would be forced into poverty by a continuous onslaught of such cheap exports or production which also limits their chances of exporting these agriculture products to such countries, he adds. The BGA chief also says that allowing India to stockpile rice for its food security program will ultimately lead to lower global prices which will in turn harm rice farmers. He says, This is basical ly a non-basmati issue, but the flexibility will certainly push down prices as has the Thai mortgage scheme done, which buys paddy from Thai farmers at 40% higher prices and has flooded the lower end market (because Thai government could not export or sell at that higher price) where earlier on only India, Pakistan and Vietnam were selling in the range of $350 - $450 per ton.There is an ongoing discussion in WTO circles regarding the legality or binding nature of the Bali declaration which was not voted on by the members and was perceived to be agreed by all, the BGA chief says.
Tags: Pakistan rice sector, World Trade Organization (WTO), Bali Package
Vietnam Rice Quotes Mixed Today; India, Pakistan Rice Sellers Lower Some of Their Quotes
Dec 26, 2013
Vietnam rice sellers lowered their quotes for 5% broken rice, 25% broken rice and 100% broken rice by about $5 per ton each to about $405 - $415 per ton, $380 $390 per ton and $360 - $370 per ton respectively, but increased their quotes for jasmine rice by about $5 per ton to about $610 - $620 per ton. India rice sellers lowered their quotes for 100% broken rice by about $5 per ton to about $300 - $310 per ton, while Pakistan rice sellers lowered their quotes for parboiled rice by about $10 per ton to about $415 - $425 per ton. Thailand rice sellers kept their quotes unchanged today. 5% Broken Rice Thai 5% rice (of new crop) is quoted around $420 - $430 per ton, about a $15 per ton premium over Viet 5% rice shown around $405 - $415 per ton, down about $5 per ton from yesterday. Thai 5% rice of the old crop is shown around $370 - $380 per ton. Indian 5% rice is quoted around $410 - $420 per ton, about a $30 per ton premium over Pak 5% rice quoted around $380 - $390 per ton. 25% Broken Rice Thai 25% rice (of new crop) is quoted about $375 - $385 per ton, about a $5 per ton discount to Viet 25% rice shown around $380 - $390 per ton, down about $5 per ton from yesterday. Thai 25% rice of the old crop is shown around $345 - $355 per ton. Indian 25% rice is quoted about $370 - $380 per ton, about a $30 per ton premium over Pak 25% rice quoted around $340 - $350 per ton. Parboiled Rice Thai parboiled rice of the old crop is quoted around $440 - $450 per ton. Thai parboiled rice quotes of the new crop are unavailable today. Indian parboiled rice is quoted around $395 - $405 per ton, about a $20 per ton discount to Pak parboiled rice quoted around $415 - $425 per ton, down about $10 per ton from yesterday. 100% Broken Rice Thai broken rice, A1 Super, of the old crop is quoted around $295 - $305 per ton and about a $65 per ton discount to Viet broken rice shown around $360 - $370 per ton, down about $5 per ton from yesterday. Thai broken rice quotes of the new crop are unavailable today. Indian broken sortexed rice is quoted about $300 - $310 per ton, down about $5 per ton from yesterday and about a $15 per ton discount to Pak broken sortexed rice quoted around $315 - $325 per ton.
Tags: Asia rice quotes, India rice quotes, Thailand rice quotes, Pakistan rice quotes, Vietnam rice quotes
Australia SunRice Increases Paddy Purchase Prices

Dec 26, 2013
Australian rice industrys food company SunRice has increased the paddy purchase price of the 2013 crop by 20 Australian dollars (about $18) per ton, which means the indicative full year paddy price has now increased to around 280 Australian dollars (about $250) per ton, according to local sources. The Ricegrowers Association of Australia (RGA) says the move will result in a one-off supplementary payment of 15 Australian dollars (about $13) per ton for all rice varieties which is payable to growers
immediately. The RGA adds that the benefits of the companys strong performance in the first six months of the current financial year (April March) will flow into local communities and boost the 2014 rice crop. RGA President, Les Gordon, says, Growers are about half way through the season and approaching a critical time for the crop when it needs additional nutrients and precise water management. The supplementary payment will provide a welcome boost to growers cash flow for the start of 2014. He adds that other associated communities such as transport and fertilizer companies will also benefit from around 17 million Australian dollars (about $15 million) in supplementary paddy payments alone in the next few months. Australias paddy rice production is expected to reach around 1.16 million tons in 2012-13 (about 840,000 tons, milled basis) and forecast at around 944,000 tons (about 680,000 tons, basis milled) in 2013-14, according to the USDA. Australias 2012-13 rice exports are estimated at around 500,000 tons, while 2013-14 rice exports are projected to reach around 520,000 tons.
Tags: australia rice
Iraq Tenders to Buy Minimum 30,000 Tons of Rice

Dec 26, 2013
Iraq has issued an international tender to purchase a minimum of 30,000 tons of long-grain rice sourced from Thailand, the U.S., Argentina or Uruguay. The last date for submission of applications is January 13, 2014, and offers must remain valid until January 17, 2014. Read related Oryza story: Iraq Rejects All Offers in Recent Tender for 30,000 Tons of Rice
Tags: Iraq rice tender
Oryza Overnight Recap Chicago Rough Rice Futures Prepare to Reopen Following Mid-Week Holiday Break
Dec 26, 2013
Agricultural futures have been closed since Tuesday afternoon and are scheduled to reopen at 8:30am Chicago time this morning.U.S. stock index futures added to modest gains on Thursday after the government reported jobless claims fell more than expected last week, casting a favorable light on the labor market. The Labor Department reported claims fell by 42,000 to 338,000 last week. Economists had projected state unemployment benefits would total 345,000 for the week ended December 21, with claims for the prior week revised to show 1,000 more applications received than previously reported. The markets continue in Santa-rally mode, with major market indexes hitting highs.
The Dow industrials have been on a tear following the Federal Reserve's decision last week to cut back on its $85 billion a month bond-buying program. The Dow Jones Industrial Average rose 62.94 points, or 0.4 percent, on Tuesday to a record close of 16,357.55, while the S&P 500 also touched an all-time closing high, up 5.33 points, or 0.3 percent, to 1,833.32. U.S. stock index futures are currently trading about 0.2% higher, gold is currently trading about 0.5% lower, crude oil is seen trading about 0.2% higher, and the U.S. dollar is currently trading marginally lower at 8:00am Chicago time.
Tags: chicago rough rice futures
Oryza Quick Glance at World News

ec 26, 2013
Financial Times *South Sudans embattled government claimed a victory on Tuesday when President Salva Kiir said his splintered army had retaken a state capital that last week fell to rebels, in fighting that injured two UN peacekeepers, and reportedly drew Ugandan air support. *Rusal, the aluminum producer controlled by oligarch Oleg Deripaska, is taking the London Metal Exchange to court, claiming a crackdown on the metals warehousing industry is a breach of its human rights. The loss making Russian company confirmed that it had filed a judicial review in the U.K., demanding proposed rule changes by the LME are overturned. *Turkeys corruption crisis deepened after Prime Minister Tayyip Erdogan said he replaced ten cabinet ministers, half of his total roster, after three ministers resigned over a high-level graft inquiry on Wednesday. *Shinzo Abe has become the first Japanese prime minister to visit Yasukuni shrine in seven years, provoking anger in China where the controversial war memorial is reviled as a symbol of Japanese imperialism. Mr Abe worshipped at the shrine on Thursday to mark the first anniversary of his administration. *Kazakhstan has agreed to allow the wife and daughter of a prominent fugitive ex-banker and political activist, Mukhtar Ablyazov, to leave the country temporarily in response to intense pressure from Italy, which has admitted it wrongly deported them from Rome last May. *Israels military bombed targets across the Gaza strip on Tuesday afternoon, killing a three-year-old girl, as it retaliated for the fatal shooting of an Israeli civilian worker near the border, marking one of the biggest flareups of violence in the area since Israels last military conflict with Hamas in November 2012. *Russia has made the EU the target of its first WTO suit, claiming that Brussels has unfairly thwarted the ability of certain Russian chemical and manufacturing groups to break into the European market. *Taiwans Fair Trade Commission fined Apple $666,700 for restricting the prices charged by local telecom carriers for their iPhone contracts, the first time Apple has been fined for such practices. Wall Street Journal*U.S. and Japanese officials are putting a new focus on Okinawa, the hub of the American military presence in East Asia, pressuring reluctant local residents to approve by year's end a long-stalled plan to move a base for U.S. Marines. *China's food and drug watchdog is strengthening quality standards for domestic infant-formula makers in an effort to rebuild consumer trust in a lucrative yet scandal-plagued industry
*A federal judge has rejected BP argument that a multibillion-dollar settlement over the company's massive 2010 Gulf oil spill should not compensate businesses if they cannot directly trace their losses to the spill. *Russia will lend Belarus $2 billion in financial aid in 2014, Russian President Vladimir Putin said Wednesday, Russian news agencies reported. *The Taliban claimed responsibility for a rocket attack on the sprawling U.S. embassy compound in Kabul on Wednesday, an incident that caused no casualties. Wednesday's attack, which occurred at 6:40 a.m. local time, set off a duck-and-cover alarm that sent embassy personnel into hardened shelters in the heavily fortified embassy complex. *Chinese authorities this week discovered a narrow concrete tunnel built by smugglers intending to shuttle consumer goods from Hong Kong across the border to the mainland Chinese city of Shenzhen. *The struggling oil company of former Brazilian billionaire Eike Batista on Tuesday said it struck a deal with creditors to renegotiate the firm's heavy debts, which may be a step toward exiting from bankruptcy protection. *Wheat prices are trawling 19-month lows as rising global production is reducing demand for U.S. supplies of the grain. Prices have fallen about 13% in the past two months amid signs of healthy harvests in Canada and Australia. The U.S. Department of Agriculture expects world wheat output to rise 8.4% to 711.4 million metric tons in the marketing year that started June 1. New York Times*The Bank of Japan will likely hold off on expanding its monetary stimulus until at least late next year and may consider adopting a policy that directly targets bond yield levels in the future, a former central bank board member said. *The U.S. is quietly rushing dozens of Hellfire missiles and low-tech surveillance drones to Iraq to help government forces combat an explosion of violence by a Qaeda-backed insurgency that is gaining territory in both western Iraq and neighboring Syria. *Tens of thousands of troops fanned out across Bangladesh on Thursday in a bid to stem political violence ahead of next month's elections, which the opposition Bangladesh Nationalist Party (BNP) has boycotted. *China's economic growth is likely to come in at 7.6% this year, according to a cabinet report cited by the official Xinhua news agency, just above the government's target of 7.5% and slightly below last year's 7.7%. *Japan is preparing to unveil a set of recommendations for institutional investors designed to boost returns, transparency, and corporate governance, sources familiar with the situation said on Thursday. *A spate of violent Palestinian attacks on Israeli targets in recent weeks is raising concerns in Israel that it may be on the verge of a new type of Palestinian uprising.
Tags: World news
Oryza Global Rice Quotes

December 26th, 2013 Long grain white rice - high quality Thailand 100% B grade 430-440 Vietnam 5% broken 405-415 India 5% broken 410-420 Pakistan 5% broken 380-390
Cambodia 5% broken U.S. 4% broken Uruguay 5% broken Argentina 5% broken
460-470 590-600 625-635 625-635
Long grain white rice - low quality Thailand 25% broken 375-385 Vietnam 25% broken 380-390 Pakistan 25% broken 340-350 Cambodia 25% broken 435-445 India 25% broken 370-380 U.S. 15% broken 570-580 Long grain parboiled rice Thailand parboiled 100% stxd 440-450 Pakistan parboiled 5% broken stxd 415-425 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% 960-970 Vietnam Jasmine 610-620 India basmati 2% broken 1515 -1525 Pakistan basmati 2% broken NQ Cambodia Phka Malis 910-920 Brokens Thailand A1 Super 295-305 Vietnam 100% broken 360-370 Pakistan 100% broken stxd 315-325 Cambodia A1 Super 375-385 India 100% Broken stxd 300-310 Egypt medium grain brokens NQ U.S. pet food 395-405 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
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27th December 2013 ORYZA NEWS by Riceplus Magazine

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27th December , 2013

Chinese COLOR SORTER as low as

Be the part of Rice plus authors Visit: www.ricepluss.com,www.publishpk.net mujahid.riceplus@gmail.com riceplus@irp.edu.pk

TOP Contents - Tailored for YOU Latest News Headlines

Thailand Hopes to Export 10 Million Tons of Rice in 2014

Oryza Quick Glance at MDA Rice Crop Weather Update

Australia SunRice Increases Paddy Purchase Prices

Iraq Tenders to Buy Minimum 30,000 Tons of Rice

Oryza Quick Glance at World News

Oryza Global Rice Quotes

Cambodia 5% broken U.S. 4% broken Uruguay 5% broken Argentina 5% broken

460-470 590-600 625-635 625-635

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

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