12th February, 2014 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

12th February , 2014
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TOP Contents - Tailored for YOU Latest News Headlines

Iraq Buys 100,000 Tons of Rice from South America Iraq Tenders to Buy 30,000 Tons of Brazil Paddy Rice Index Declines Slightly in Last Week Oryza Overnight Recap Chicago Rough Rice Futures Little Changed Following Yesterdays Rally International Rice Prices Decline in January 2014; FAO Rice Price Index Down 1.6% USDA Increases U.S. MY 2013-14 Total Rice Export Forecast to 4.5 Million Tons; Still Down 7.4% from Last Year Vietnam Rice Sellers Increase Most of Their Quotes Today; Other Asia Rice Quotes Unchanged Oryza Global Rice Quotes Oryza Rice Currency Analysis for Today Brazil Real Up 0.4% COL-RICE Announces TRQ Tender Results Vietnam Exports 307,000 Tons of Rice in January 2014 Oryza Afternoon Recap Chicago Rough Rice Futures Fail to Maintain Morning Bullishness and Slip to Slight Losses by the Close Oryza U.S. Rough Rice Recap Market Stable Day After USDA Report Confirmed Tighter Ending Stocks; Iraq Issues Another Tender Golden Rice A Revolution Still Waiting to Happen Thailand Re-Elections Likely on April 27, 2014; Rice Mortgage Program Ends This Month China Denies Cancellation of 1.2 Million Tons Rice Import Deal with Thailand China Increases 2014 Paddy Rice Support Price by Up to 3.3%
NEWS DETAILS:
Iraq Buys 100,000 Tons of Rice from South America
In the tender on February 3, the Iraqi Grain Board purchased 100,000 tons of South American origin rice ranging from $704-713 per ton. The tender results disappointed U.S. rice exporters who had hoped to participate.
Tags: Iraq rice tender
Iraq Tenders to Buy 30,000 Tons of Rice

Feb 11, 2014
Iraq's Ministry of Trade announced they will seek to purchase 30,000 tons of long-grain rice from U.S., Uruguay, Argentina, or Brazil or medium-grain rice from Spain, U.S., or Australia. Bids are due February 23 and must remain valid until February 27.
Tags: Iraq rice tender
Brazil Paddy Rice Index Declines Slightly in Last Week

Feb 11, 2014
The Brazilian paddy rice index maintained by CEPEA declined to around 36.40 real per 50 kilograms on February 10, 2014, down about 0.4% from around 36.54 real per 50 kilograms recorded a week earlier on February 3, 2014. In terms of USD per ton, the index stood at around $304.2 per ton as of February 10, 2014, up about 0.3% from around $303.26 per ton as of February 3, 2014.
Tags: Brazil paddy rice index cepea
Chicago Rough Rice Futures Little Changed Following Yesterdays Rally

Feb 11, 2014
Chicago rough rice futures for March delivery are currently paused 1 cent per cwt (about $0.22 per ton) lower at $15.535 per cwt (about $342 per ton) as of 8:00am Chicago time. The other grains are seen mostly lower this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.8% lower, wheat was paused about 0.2% higher, and corn is noted about 0.3% lower.U.S. stock index futures reduced their gains on Tuesday as prepared testimony from Federal Reserve Chair Janet Yellen had Ben Bernanke's replacement stressing continuity in the central bank's approach to monetary policy. Prepared remarks from Yellen who took over from Ben Bernanke a little more than a week ago were released ahead of her formal semi-annual policy report, expected at 10 a.m. Eastern, and comes on the heel of two weak monthly jobs reports in a row and a spate of market volatility largely tied to uncertainty in emerging markets. Economic data due on Tuesday include wholesales sales and inventories for December at 3 p.m. U.S. stock index futures are currently trading about 0.1% higher, gold is currently trading about 0.4% higher, crude oil is seen trading about 0.3% higher, and the U.S. dollar is currently trading about 0.1% lower at 8:00am Chicago time.
Tags: chicago rough rice futures
International Rice Prices Decline in January 2014; FAO Rice Price Index Down 1.6%
Feb 11, 2014
International rice prices declined in January 2014 mainly due to weak import demand, according to the UNs Food and Agriculture Organization (FAO).The FAO Rice Price index in January 2014 declined 2 points or about 1.6% from previous month. The lower quality Indica subindex declined by 3.9% and the aromatic sub-index declined by 2.7%. The benchmark Thai white rice 100% B declined by $4 or almost 1% to around $455 per ton in January 2014.The FAO says that while the average rice export prices in Vietnam and India declined in January 2014, export prices in the U.S. and South America remained steady.Domestic rice prices in far eastern countries showed mixed trends in January 2014. Domestic rice prices in some major rice exporting countries such as Cambodia and Vietnam declined due to weaker export demand and higher 2013 main season harvests. However, those in India, Bangladesh, China, Myanmar, the Philippines, Indonesia and Myanmar increased due to localized crop damage and unfavorable weather conditions, the FAO says. Domestic rice prices in the urban areas of the Western Africa's Sahelian and coastal countries remained stable in January 2014 due to good harvest and declining international prices. Rice prices in Madagascar increased marginally month-on-month due to a weak harvest in 2013 as well as heavy rains, but import prices were stable due to declining international prices. The domestic January 2014 rice prices in the Caribbean country Haiti increased to high imported rice prices and the depreciation of the local currency with respect to the dollar.
Tags: FAO Rice Price Index, international rice prices January 2014
USDA Increases U.S. MY 2013-14 Total Rice Export Forecast to 4.5 Million Tons; Still Down 7.4% from Last Year
Feb 11, 2014
The USDA has increased the U.S. MY 2013-14 (June 2013 May 2014) all rice export forecast by about 45,360 tons or about 1% to around 4.5 million tons in its February World Agricultural Supply and Demand Estimates (WASDE). However, the U.S. all rice export forecast for MY 2013-14 is still down about 7.4% from around 4.86 million tons exported in the MY 2012-13. The USDA increased the forecast for the U.S. combined medium- and short-grain exports by 45,360 tons 3.1% to about 1.5 million tons, while it retained its forecast for long-grain exports at 3 million tons. The USDA also
increased its forecast for MY 2013-14 U.S. rough rice exports by about 45,360 tons or about 3% to 1.63 million tons, up about 5% from 1.55 million tons in MY 2012-13. The increase in forecast is due to higher-thanexpected exports of medium-grain rice to Turkey, the USDA says. However, the U.S. agency retained its forecast for brown and milled rice exports at 2.9 million tons, down about 12% from 3.3 million tons in the MY 2012-13.The USDA retained its forecast for the U.S. MY 2013-14 all rice consumption at 5.44 million tons, up about 1.5% from 5.36 million tons in MY 2012-13. The agency increased its forecast for long-grain domestic use to 4 million tons and lowered the combined medium- and short-grain domestic use to 1.4 million tons.The USDA lowered its forecast for the U.S. MY 2013-14 all rice ending stocks to 1.24 million tons, down 25% from 1.65 million tons in MY 2012-13. While the agency lowered its forecast for the long-grain stocks by 45,360 tons, or 3.5% to 739,363 tons, it retained its forecast for the combined medium-and short-grain stocks at 394,629 tons.The US agency increased its forecast for MY 2013-14 average milling yield by 0.75 percentage points to 71%, up 1% from 70% in MY 2012-13, due to more favorable U.S. crop conditions during the year. The average milling yield this year is likely to be the highest milling yield achieved since MY 2009-10.The USDA narrowed its forecast for MY 2013-14 all rice season-average price range to $346.12 - $359.35 per ton, 2.5% from $337.30 - $359.35 per ton in the MY 2012-13. The US agency narrowed its forecast for long-grain season-average price range to $332.89 - $346.12 per ton and the combined medium- and short-grain season-average price range to $379.19 - $392.42 per ton.The US agency increased its forecast for MY 2013-14 global rice production at 471.5 million tons, up 0.4% from 469.5 million tons in the MY 2012-13, with largest increases for Bangladesh and the U.S. While the U.S. production is expected to increase because of the higher yield, Bangladeshs rice production is expected to increase due to favorable weather conditions. However, the USDA lowered its forecast for MY 2013-14 world ending stocks to 105 million tons, down about 2% from 106.85 million tons in MY 2012-13.
Tags: U.S. Rice exports, World Agricultural Supply and Demand Estimates (WASDE
Vietnam Rice Sellers Increase Most of Their Quotes Today; Other Asia Rice Quotes Unchanged
Feb 11, 2014
Vietnam rice sellers increased their quotes for 5% broken rice, 25% broken rice and 100% broken rice by about $5 per ton each today. Other Asia rice sellers kept their quotes mostly unchanged. 5% Broken Rice Thai 5% rice (of new crop) is quoted around $435 - $445 per ton, about a $40 per ton premium over Viet 5% rice shown around $395 - $405 per ton, up about $5 per ton from yesterday. Indian 5% rice is quoted around $415 - $425 per ton, about a $25 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 $20 per ton premium over Viet 25% rice shown around $370 - $380 per ton, up about $5 per ton from yesterday.
Indian 25% rice is quoted about $360 - $370 per ton, about a $15 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 $450 - $460 per ton. Indian parboiled rice is quoted around $400 - $410 per ton, about $5 per ton discount to Pak parboiled rice quoted around $405 - $415 per ton. 100% Broken Rice Thai broken rice, A1 Super, of the old crop is quoted around $310 - $320 per ton, about a $45 per ton discount to Viet broken rice shown around $355 - $365 per ton, up a bout $5 per ton from yesterday.Indian broken sortexed rice is quoted about $300 - $310 per ton, about a $20 per ton discount to Pak broken sortexed rice quoted around $320 - $330 per ton.
Tags: Asia rice quotes, Thailand rice quotes, Pakistan rice quotes, Vietnam rice quotes, India rice quotes
Oryza Global Rice Quotes

February 11th, 2014 Long grain white rice - high quality Thailand 100% B grade 450-460 Vietnam 5% broken India 5% broken Pakistan 5% broken Cambodia 5% broken 395-405 415-425 390-400 450-460
U.S. 4% broken 575-585 Uruguay 5% broken Argentina 5% broken
625-635 625-635
Long grain white rice - low quality Thailand 25% broken Vietnam 25% broken Pakistan 25% broken 390-400 370-380 345-355
Cambodia 25% broken 420-430 India 25% broken U.S. 15% broken 360-370 550-560
Long grain parboiled rice Thailand parboiled 100% stxd 450-460
Pakistan parboiled 5% broken stxd
405-415
India parboiled 5% broken stxd 400-410 U.S. parboiled 4% broken Brazil parboiled 5% broken Uruguay parboiled 5% broken Long grain fragrant rice Thailand Hommali 92% 945-955 Vietnam Jasmine India basmati 2% broken Pakistan basmati 2% broken Cambodia Phka Malis Brokens Thailand A1 Super Vietnam 100% broken 310-320 355-365 535-545 660-670 590-600 NQ
1515 -1525 NQ
895-905
Pakistan 100% broken stxd Cambodia A1 Super
320-320
365-375
India 100% Broken stxd 300-310 Egypt medium grain brokens U.S. pet food 470-480 NQ
Brazil half grain Medium grain milled
345-355
U.S. Calrose 4% broken 620-630 Egypt medium grain 6% NQ
All prices USD per ton, FOB vessel, oryza.com
Oryza Rice Currency Analysis for Today Brazil Real Up 0.4%

Feb 11, 2014
U.S. dollar index was down -0.01% from the open today, when it traded at 80.637 at the close. Euro was weaker -0.05% by the close, trading around 1.3638 by end of day, after trading between an intraday high of 1.3683 and low of 1.3630. Thai baht was stronger +0.23%, trading at 32.739 at the close of business. Indian rupee was stronger +0.35% at 62.2188. Brazilian real was +0.40% stronger than the open at todays close, when it ended at 2.4004 reais per dollar. Pakistan rupee was +0.03% stronger at 105.3483. Vietnamese dong was unchanged at 21105. Mexican peso was +0.31% stronger today, when it traded at 13.2844 pesos per dollar by the close of business today. Chinese yuan was almost unchanged, trading at 6.0602. Argentine peso was +0.03% stronger, trading at 7.8065 pesos per dollar.
Tags: foreign exchange rates
COL-RICE Announces TRQ Tender Results

Feb 11, 2014
In the Colombian TRQ on February 3, Col-Rice awarded the full 60,412 tons they made available, with the lowest winning bid $121.22 per ton and the average winning bid $168.27 per ton. The majority of the tonnage will be bulk milled rice. This is the first of three auctions are scheduled this year: February 3, June 5 and October 16, 2014. Another auction may be held on November 1, 2014 if required.
Tags: COL-RICE U.S. rice exports
Vietnam Exports 307,000 Tons of Rice in January 2014

Feb 11, 2014
Vietnam exported 307,000 tons of rice in January 2014, down about 24% from the same period last year, according to the Vietnam Food Association (VFA). The exports were valued $127.5 million, down about 31% from January of last year, suggesting an average price of about $415 per ton. Most of the rice shipped in January was destined for the Philippines. Vietnam shipments to China and Africa slowed in January, according to the VFA.Vietnam expects to ship 300,000-350,000 tons of rice in February. Vietnam will need to ship an average of about 583,000 tons per month to reach a year-end target of about 7 million tons.
Tags: Vietnam rice exports
Oryza Afternoon Recap Chicago Rough Rice Futures Fail to Maintain Morning Bullishness and Slip to Slight Losses by the Close
Feb 11, 2014
Chicago rough rice futures for March delivery settled 1.5 cents per cwt (about $0.33 per ton) lower at $15.530 per cwt (about $342 per ton). Despite getting off to an impressive start, rough rice futures gave back all gains earned during an initial morning rally. In early trading the market shot up to a fresh multi-week high of $15.690 per cwt (about $346 per ton). Although prices finished lower on the day, the current short-term trend remains positive and todays action may simply be the result of the recent rally taking plac e at took quick of a pace. The previously mentioned point of nearby support at $15.530 per cwt (about $342 per ton) managed to maintain prices at the close. However, a breaking and close below this point could be seen as a technically negative signal and could indicate that a bit of a correction is in store. The other grains were mostly higher today; soybeans closed about
0.7% higher at $13.3475 per bushel; wheat finished about 0.9% higher at $5.9025 per bushel; and corn finished the day about 0.1% lower at $4.4150 per bushel.U.S. stocks surged on Tuesday, with the Dow Jones Industrial Average rising triple digits, as Federal Reserve Chair Janet Yellen reassured Wall Street that the Fed would continue the central bank's policy of providing monetary stimulus to bolster the economy. In her prepared remarks before the House Financial Services Committee, Yellen stressed continuity in monetary policy and said the recovery in the labor market is far from finished. After rising as much as 143 points, the Dow Jones Industrial Average was lately up 140.13 points, or 0.9%, to 15,941.92. Energy and materials led gains among the 10 major sectors on the S&P 500, which rose 13.67 points, or 0.8%, to 1,813.51, a level that had the index recouping more than half of the losses sustained as of Feb. 5 its recent low. The Nasdaq climbed 27.73 points, or 0.7%, to 4,175.91. Gold is trading about 1.2% higher, crude oil is seen trading slightly lower, and the U.S. dollar is seen trading nearly unchanged at about 1:00pm Chicago time.The Monday, there were 661 contracts traded, up from 565 contracts traded on Friday. Open interest the number of contracts outstanding on Monday increased by 164 contracts to 8,412.
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market
Oryza U.S. Rough Rice Recap Market Stable Day After USDA Report Confirmed Tighter Ending Stocks; Iraq Issues Another Tender
Feb 11, 2014
The U.S. cash market was seen stable after the USDA decreased their long grain ending stock estimate yesterday to 16.3 million cwt (about 739,356 tons).As of today, a few old crop offers could be found as low as $15.55 fob farm (about $343 per ton) although most farmers are asking for $16.11 per cwt fob farm (about $355 per ton) or higher.Bids from larger mills were unchanged today to around $15.00 per cwt (about $331 per ton) while bids for exporters were held steady near $15.55 per cwt (about $343 per ton), both for February through March delivery, although smaller mills were still bidding around $16.25 per cwt (about $358 per ton) delivered mill.In the meantime, the Iraqi Grain Board issued another tender for at least 30,000 tons of rice of either U.S., Uruguayan, Argentine, or Brazilian origin. Bids need to be submitted no later than February 23rd and must remain valid through February 27th.
Tags: U.S. rice prices, U.S. rice market
Golden Rice A Revolution Still Waiting to Happen

Feb 11, 2014
Golden Rice will certainly be accepted one day. We are only trying to put pressure so it w ill be accepted earlier than later. Each second of the day a child dies unnecessarily. These are the words of Dr. Patrick Moore, Canadian ecologist and former director of Greenpeace, who is leading a campaign to make Golden Rice acceptable in the EU and across the world.Whats surprising about Dr. Moores words are that these come almost fourteen years after Swiss scientists Dr. Ingo Potrykus and Dr. Peter Beyers Eureka moment when they
created a variety of rice containing beta-carotene, an invention that has the potential to greatly reduce Vitamin A deficiency in some of the poorest countries of the world. According to the World Health Organization (WHO), about 250 million pre-school children suffer from a vitamin A deficiency. About 2 million die each year from this deficiency. It is therefore more deadly than either malaria or HIV/AIDS, says the Allow Golden Rice Now! (www.allowgoldenricenow.org) project. The deficiency results in 250,000 and 500,000 irreversible cases of blindness annually, mainly in children, half of whom die within a year of becoming blind. Most of these people live in urban slums where poverty restricts their diet to a daily ration of rice.
This can change with the introduction of Golden rice, says Dr. Adrian C Dubock, Executive Secretary, Golden Rice Humanitarian Board and Project Manager Golden Rice (www.goldenrice.org). According to Dr. Dubock, vitamin A is essential for a fully functional human immune system, for eyesight, and other requirements. In children beta-carotene in Golden rice is converted to vitamin A the same as from beta-carotene in vitamin pills. About two beta-carotene molecules make one molecule of vitamin A, which means that around 40 grams per day of a dry Golden Rice variety can prevent death or blindness.There is a growing interest among governments in countries such as the Philippines, China, Bangladesh, Nigeria and India to allow trials and grow Golden Rice. Leading scientists across the world support trials and say that questions cant be answered without tests. However, trials of Golden rice face resistance across the world due to opposition from groups led by Greenpeace. Opponents have several concerns which we asked Dr. Patrick Moore. Q. Golden rice is unnatural and man-made, so it is like plastic that will harm my intestine and other parts. Dr. Patrick Moore: Golden Rice is as natural as any rice, all of which is made by human breeding of rice. In fact plastic will not harm your intestine if it is ground finely. (The Allow Golden Rice Now! project says, Genetic engineering (or genetic modification, often called GM, the products being genetically modified organisms, or GMOs) is an entirely organic procedure. In this sense it resembles conventional breeding (sexual reproduction) as it does not require chemicals or radiation to produce
changes in the DNA of the product. Genetic modification simply involves moving a small piece of organic DNA from one plant or animal to another. It is very precise in that the DNA that is moved is known to be responsible for expressing the desired trait in the species being modified...Conventional breeding is a slow and imprecise process. The vast majority of mutations are useless, detrimental, or even fatal. But on occasion a mutation occurs that improves some aspect of the plant's growth, productivity, resistance to disease, or other factors. It is very much a scattergun approach.) Q. Golden rice is unsafe because not enough tests have been carried out on humans.
Dr. Patrick Moore: Tests have been carried out on adults in the U.S. and on children in China. Both proved the beta carotene [in Golden rice] will be converted to vitamin-A in the body [significantly]. Q. Golden rice is being promoted by some seed companies which want to control global food security and have a monopoly in seeds. Dr. Patrick Moore: Golden Rice has no corporate control, it is a humanitarian project. No company has a monopoly in seeds. Any farmer can start a seed company, that is how seed companies begin. It is ridiculous to think that a seed company can get control of global food production by selling seeds to farmers who want the seeds. (The Allow Golden Rice Now! project says, In the name of free choice, activists have worked to deny farmers the choice by campaigning to make GM illegal. They were particularly successful with this approach in Europe, where incidences of mad-cow disease and chemical contamination have sensitized the public to food scares. European agriculture is shaped more by social policy than by economic necessity. Farmers are paid not to grow food, as there is a regional surplus. Those who do grow food receive large subsidies. So, European farmers do not have much incentive to improve their yields or profits.) Q. Golden rice will discourage food diversification because people eating Golden rice will think it is a complete food.
Dr. Patrick Moore: Golden Rice is a more complete food than normal rice. If these people with vitamin A deficiency could afford a balanced diet they would get it, but they only eat rice each day. With Golden Rice their nutrition will be better and they will not so easily go blind or die. Q. Golden rice will hurt rice exports because GM foods are banned in several countries including the EU, China, etc. and such countries usually dont buy any rice (GM or traditional) from countries that grow Golden rice for fear of contamination. Dr. Patrick Moore: Rice is not a major export crop. Most rice is eaten in the country where it is grown. So this will not be a problem. The idea of contamination is stupid because the only possible outcome would be more rice plants with beta carotene therefore better health.
Q. Golden rice is very expensive and takes a long time to cook. Dr. Patrick Moore: Golden rice will be the same price as normal rice. It will take the same time to cook (where did you get that idea which is so goofy?) Q. Golden rice tastes very turmeric-like. Dr. Patrick Moore: Not true, it tastes like rice. History proves that fears and orthodoxy have not made the world better, science has. The Golden Rice case also seems to reiterate this.
Tags: Golden rice, Vitamin A deficiency
Thailand Re-Elections Likely on April 27, 2014; Rice Mortgage Program Ends This Month
Feb 11, 2014
Thailands Election Commission says that re-elections may be held on April 27, 2014, which means that the rice mortgage program will end this month and may be discontinued until a new government is formed in late April 2014.The dissolution of the government in December 2013 has jeopardized the government rice mortgage program. Local sources say that farmers are unable to invest in the next crop due to delays in payments under the rice mortgage program. Some farmers have committed suicides due to mounting debts. Farmers are upset with delays and may begin protests against the government for discontinuing the rice mortgage program which pays farmers above market rates for their paddy. The caretaker government says that it has no powers to renew the rice mortgage program which expires at the end of February.Meanwhile, the cabinet approved the use of 712 million baht (around $22 million) from the central budget to help clear delayed payments to farmers. The Election Commission will review the plan tomorrow. The Commerce Ministry is also planning to appeal to the banks and financial institutions to reconsider providing bridge loans to the government to fund the rice mortgage program. The ministry says that the caretaker Finance Minister is prepared to sign on the bond documents to reassure banks and financial institutions that the loans do not breach the law.The Commerce Ministry is also planning to sell about 1.2 million tons of rice from its warehouses this week, but there are concerns about the quality of rice. The former Thai Rice Exporters Association (TREA) President says that the government should dispose of the old rice stocks in the domestic market instead of selling those to exporters as rice importers usually prefer rice from new harvest.
Tags: Thailand rice mortgage program
China Denies Cancellation of 1.2 Million Tons Rice Import Deal with Thailand
Feb 11, 2014
China has denied cancelling a deal to import around 1.2 million tons of rice from Thailand despite a probe on the deal by Thailands National Anti-Corruption Commission (NACC) and political uncertainty.Earlier this month, Thailand state media said that China had cancelled the rice import deal due to the NAAC probe. Some reports said that China canceled the deal because it wanted to renegotiate with the Thai government as Thai rice prices are expected to decline in the coming months. However, Chinese state enterprise Beidahuang, which signed the deal with Thailand, told local sources in China today that the contract continues and outside reports about cancellation of the deal to import rice from Thailand are untrue.The deal between Beidahuang and Thailand was signed on November 20, 2013, for delivery starting in December 2013. However, the delivery was delayed after the dissolution of Thailand Parliament on December 9, 2013.
Tags: China rice imports, Thailand rice exports
China Increases 2014 Paddy Rice Support Price by Up to 3.3%

Feb 11, 2014
China has increased the minimum state purchasing prices for paddy rice by 2.2% to 3.3% this year, according to local sources.Th e new paddy rice support price in 2014 for early indica rice is 2.70 yuan per kilogram, up about 2.3% from around 2.64 yuan per kilogram in the previous year. Paddy rice support price for mid-andlate indica rice is 2.76 yuan per kilogram, up about 2.2% from around 2.70 yuan per kilogram in the previous year, while government support price for
japonica rice is 3.10 yuan per kilogram, up about 3.3% from around 3.0 yuan per kilogram in the previous year, according to the National Development and Reform Commission (NDRC).In terms of USD per ton, support price for early indica rice of about $442 per ton (using current exchange rates) in 2014 is up about 5% from around $420 per ton (using historical exchange rates) in 2013. Support price for mid-and-late indica rice of about $452 per ton (using current exchange rates) is up about 5% from around $430 per ton (using historical exchange rates) in 2013, while support price for japonica rice of about $508 per ton (using current exchange rates) is up about 6% from around $478 per ton (using historical exchange rates) in 2013.The NDRC says that higher support prices will help increase rice production in the country. Recently, the government said in its first policy document of 2014 that self-sufficiency in rice remains an important goal and government support prices and subsidies in rice will continue.However, the USDA says that increase in support prices will result in high domestic prices which in turn will lead to higher rice imports. According to the USDA, rice imports by China stood at around 540,000 tons in 2010-11, but imports surged to around 3.1 million tons in 2012-13. Chinese government sources say that high rice imports are mainly due to low global rice prices.
Tags: China rice support prices
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12th February, 2014 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

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12th February , 2014

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

Iraq Tenders to Buy 30,000 Tons of Rice

Brazil Paddy Rice Index Declines Slightly in Last Week

Chicago Rough Rice Futures Little Changed Following Yesterdays Rally

Oryza Global Rice Quotes

U.S. 4% broken 575-585 Uruguay 5% broken Argentina 5% broken

Long grain parboiled rice Thailand parboiled 100% stxd 450-460

Pakistan parboiled 5% broken stxd

Pakistan 100% broken stxd Cambodia A1 Super

Brazil half grain Medium grain milled

U.S. Calrose 4% broken 620-630 Egypt medium grain 6% NQ

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

Oryza Rice Currency Analysis for Today Brazil Real Up 0.4%

COL-RICE Announces TRQ Tender Results

Vietnam Exports 307,000 Tons of Rice in January 2014

Golden Rice A Revolution Still Waiting to Happen

China Increases 2014 Paddy Rice Support Price by Up to 3.3%

For Advertising SPECS & RATES

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