6th December , 2013

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TOP Contents - Tailored for YOU Latest News Headlines

Vietnam, India Rice Sellers Increase Their Quotes; Pakistan Rice Sellers Lower Their Quotes Australia to Shift Rice Acreage to Cotton, Says Local Equity Fund Oryza Quick Glance at World News Rice Alone Still Subject to Import Duties under Australia-Korea FTA Oryza Rice Currency Analysis for Today Brazil Real Rallies 1.4% New Fabric Made of Rice Straw Catches the Eye of a Prince Oryza Afternoon Recap Chicago Rough Rice Futures Settle Lower Oryza Overnight Recap Chicago Rough Rice Futures Seen Slightly Higher after Strong Export Sales Report Oryza Global Rice Quotes

NEWS DETAILS:
Vietnam, India Rice Sellers Increase Their Quotes; Pakistan Rice Sellers Lower Their Quotes
Dec 05, 2013

Vietnam rice sellers increased their quotes for 100% broken rice by about $5 per ton to about $375 - $385 per ton today. India rice sellers increased most of their quotes by about $5 per ton. Pakistan rice sellers lowered most of their quotes by about $5 - $15 per ton. Thailand rice sellers are out today due to public holiday. 5% Broken Rice Thai 5% rice was last quoted around $390 - $400 per ton, about a $40 per ton discount to Viet 5% rice shown around $430 - $440 per ton. Indian 5% rice is quoted around $415 - $425 per ton, up about $5 per ton from yesterday and about a $40 per ton premium over Pak 5% rice quoted around $375 - $385 per ton, down about $10 per ton from yesterday. 25% Broken Rice

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Thai 25% rice was last quoted about $370 - $380 per ton, about a $30 per ton discount to Viet 25% rice shown around $400 - $410 per ton. Indian 25% rice is quoted about $375 - $385 per ton, up about $5 per ton from yesterday and about a $40 per ton premium over Pak 25% rice quoted around $335 - $345 per ton, down about $15 per ton from yesterday. Parboiled Rice Thai parboiled rice was last quoted around $460 - $470 per ton. Indian parboiled rice is quoted around $395 - $405 per ton, up about $5 per ton from yesterday and about a $35 per ton discount to Pak parboiled rice last quoted around $430 - $440 per ton. 100% Broken Rice Thai broken rice, A1 Super, was last quoted around $335 - $345 per ton, about a $40 per ton discount to Viet broken rice shown around $375 - $385 per ton, up about $5 per ton from yesterday. Indian broken sortexed rice is quoted about $315 - $325 per ton, up about $5 per ton from yesterday and about a $10 per ton discount to Pak broken sortexed rice quoted around $325 - $335 per ton, down about $5 per ton from yesterday.
Tags: asian rice export quotes

Australia to Shift Rice Acreage to Cotton, Says Local Equity Fund

Dec 05, 2013

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Dwindling water supplies will push Australian farmers to switch from farming rice to farming cotton over the next decade, according to a local private equity fund, saying Cotton is moving further south, and the reason for that is water and the price of water. Australia is the 3rd biggest cotton exporter behind the U.S. and India, exporting about 4 million 480 lb bales of cotton each year. India exports about 7 million bales and the U.S. about 10 million bales each year. Australia is about the 11th biggest rice exporter, exporting about half a million tons of rice each year. However, it is a major rice exporter in the medium grain rice market. Australia exports about 85% of it's annual rice production, but production is volatile.The Australian Government Department of Agriculture says, "Rice growing is entirely dependent on water for irrigation being made available. When there is low or zero water availability, there is no rice grown. Rice can only be grown on approved soils and is regulated by the rice water use policies of the various irrigation corporations (Murrumbidgee Irrigation Limited, Murray Irrigation Limited and Coleambally Irrigation Cooperative Limited). The Australian rice industry leads the world in water use efficiency. From paddock to plate, Australian grown rice uses 50% less water than the global average. Water use per hectare continues to decline because of the industry's commitment to developing high yielding rice varieties that use less water, and the use of world's best management practices."
Tags: Australia rice production, Australia rice acreage, water scarcity

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Oryza Quick Glance at World News

Dec 05, 2013

Financial Times *Carl Icahn has dropped his demand for Apple to return an extra $150 billion of its cash pile to investors, after finding little support among fellow shareholders in the iPhone maker. *U.S. vice-president Joe Biden called on Chinese leaders to take steps to lower tensions in East Asia and criticized Chinas treatment of American journalists in a speech to members of the U.S. business community in Beijing. *Chief executives of big U.S. companies are warning that the country faces another year of sluggish growth, while expressing hope that a deal over the budget being discussed in Congress will kick-start the economic recovery. *U.S. companies created 215,000 new jobs last month on a seasonally adjusted basis, following an upwardly revised 184,000 rise in October, according to data from ADP, the private payrolls processor, on Wednesday. A run of strong economic data is raising expectations for U.S. jobs numbers due this Friday that will have a crucial influence on when the Federal Reserve chooses to slow its asset purchases from $85 billion a month. *Ukraines deputy prime minister late on Wednesday said his government was prepared to discuss snap elections to defuse an escalating stand-off with pro-European protesters, in the first sign of potential compromise in the countrys worst political crisis in nearly a decade. *Tension between Iran and Saudi Arabia over Tehrans plans to raise oil output spilled into the open on Wednesday as OPEC rolled over its production target in the belief a wall of supply will fail to materialize next year. *Brussels is considering a dramatic overhaul of EU asylum policy to allow people in conflict zones to apply for refugee status from outside Europe in an effort to prevent tragedies such as the drowning of hundreds of migrants off the Italian coast in October. *U.S. President Barack Obama called increasing inequality the defining issue of our time and said the decades-long trend was undermining economic growth and social and political cohesion in the U.S. Wall Street Journal*Thailand's King Bhumibol Adulyadej urged the country's people to remain united and work together for stability in a speech to mark his 86th birthday Thursday, as tensions simmered over the country's political future after a week of often-violent protests. *Six financial institutions, including Deutsche Bank, Socit Gnrale, Royal Bank of Scotland Group, J.P. Morgan Chase & Co. and Citigroup Inc, were fined 1.71 billion ($2.32 billion) by EU regulators Wednesday for colluding in an attempt to manipulate key benchmark interest rates, the EU's largest-ever penalty in a cartel case. *Moody's Investors Service on Wednesday raised its outlook on Spain's government bond rating to "stable" from "negative," citing progress in the country's economic and fiscal situation. Moody's maintained its Baa3 rating on Spain's government bond, which is the lowest investment-grade rating. *Congressional negotiators in U.S. are nearing a small-scale budget agreement, possibly by the end of this week, but minefields remain as they work to sort through differences on revenue and spending matters, several

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congressional aides and lobbyists said. *Jignesh Shah, once one of India's richest men, was little known outside of financial circles until this year, when his empire of electronic exchanges started to fall out of favor with regulators and investors. *A senior commander of the Shiite militant group Hezbollah, Hassan al-Laqees, was gunned down outside his home overnight in an assassination that appeared to be part of escalating sectarian violence spilling over into Lebanon from the Syrian civil war. *Iran wants U.S. companies such as Chevron Corporation and ConocoPhillips to develop its oil and gas fields, the country's oil minister said Wednesday, signaling the Islamic Republic's readiness to court American business interests amid a thaw in relations with the West. *The ECB is widely expected to keep interest rates unchanged at record lows following Thursday's monthly meeting of its rate-setting board, after surprising markets with a cut in its key lending rate to 0.25% last month. The euro-zone economy is still in need of stimulus, many analysts say, amid reports that the region's growth is still weak and lending to the private sector is falling at an accelerated pace. New York Times*Irans top diplomat, the diplomat, Foreign Minister Mohammad Javad Zarif, arrived in the UAE, having stopped in Kuwait, Qatar and Oman this week, with the goal of undoing years of regional tensions, not only sectarian but also the fruit of the confrontational approach of Irans former president, Mahmoud Ahmadinejad. *China Cinda Asset Management, one of the biggest bad banks set up by the Chinese government to absorb deadbeat loans from the rest of the financial system, raised about $2.5 billion in a Hong Kong share sale on Thursday, according to a person familiar with the deal. *U.S. President, Barack Obama, said he is not allowed to have Apple's smart phone, the iPhone, for "security reasons," though he still uses Apple's tablet computer, the iPad. Apple was one of several tech companies that may have allowed the National Security Agency (NSA) direct access to servers containing customer data, according to revelations by former NSA contractor Edward Snowden. The companies deny the allegation. *The U.N. official in charge of coordinating the disposal of Syrias chemical weapons arsenal provided new details on Wednesday about the plan to eliminate them, saying the most dangerous materials would be sealed by trained Syrians and sent overland to the countrys Mediterranean port of Latakia, where ships would take them to a second, unspecified foreign port. *International officials signaled new urgency on Wednesday for the U.S. and Afghanistan to reach an agreement on a long-term security deal, but officials suggested that there had been little movement on either side of the deadlock. *Qantas Airways said Thursday it will slash 1,000 jobs and suffer half-year losses of at least 250 million Australian dollars ($225 million), increasing the likelihood that regulators will throw the flag carrier a lifeline by easing restrictions on foreign ownership.

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Rice Alone Still Subject to Import Duties under Australia-Korea FTA

Dec 05, 2013

The results of negotiations surrounding the free trade agreement (FTA) between Korea and Australia have left Australian rice growers frustrated. Today the Australian government announced that the FTA agreement with Korea excludes rice. Thus, aside from rice Australian agricultural exports to Korea will be soon exempt from import tariffs under the FTA. In response, the Ricegrowers Association of Australia (RGA) has urged the Australian government to put more effort into developing rice trade relations with other Asian countries, especially China, says RGAs executive director. Currently, WTO rules provide for Australian rice to enter the Chinese market, but the finalization of regulations has been ongoing for the last six years.
Tags: Australia rice production, FTA, Korea rice imports, Rice Growers Association of Australia (RGA)

Oryza Rice Currency Analysis for Today Brazil Real Rallies 1.4%
Dec 05, 2013

U.S. dollar index was down -0.47% from the open today, when it traded at 80.237 at the close. Euro was stronger +0.59% today by the close, trading around 1.3674 by end of day, after trading between an intraday high of 1.3677 and low of 1.3543. The Euro rallied today as the ECB took no action to ease policy. Thai baht was stronger +0.06%, trading at 32.210 at the close of business. Indian rupee was +0.47% stronger, trading at 61.7650. Brazilian real was +1.41% stronger than the open at todays close, when it ended at 2.3567 reais per dollar. Pakistan rupee was unchanged at 108.5500. Vietnamese dong was -0.09% weaker, trading at 21140. Mexican peso was -0.22% weaker today, when it traded at 13.0716 pesos per dollar by the close of business today. Chinese yuan was -0.01% weaker at 6.0917. Argentine peso was -0.45% weaker at 6.2263 pesos per dollar.
Tags: foreign exchange rates

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New Fabric Made of Rice Straw Catches the Eye of a Prince

Dec 05, 2013

A new upholstery fabric made of wool and rice straw has been developed and will be in commercial production soon in New Zealand. The textile is about 70% wool and 30% rice straw and will serve the dual purpose of providing a new market for wool while also utilizing some of the massive amounts of rice straw China disposes of each year. Usually, China burns most of the 200 million tons of rice straw produced there annually, and the smoke and ash has contributed to Chinas pollution problems. The Chinese government has publicly announced a goal of reusing 75% of its rice straw waste within five years, and may be a step in the right direction.The New Zealand company developing the technology has patented the process that the upholstery fabric undergoes, but researchers in the U.S. working on similar products have found success by using a combination of enzymes and alkali to dissolve all the components of the rice straw except the rice fibers, which are then spun into fabrics. The material will be available worldwide and is expected to be especially popular in the U.S., where companies may use the upholstery in buildings for Leadership in Energy & Environmental Design (LEED) certification, thus securing a federal tax rebate, and in the UK, where Prince Charles is publicly supporting the product. The textile is expected to cost about the same as other woolblends but has the added benefit of high silica content from the rice straw, which makes the material anti-bacterial, more flame resistant, and more durable than most oilbased synthetic products currently available.
Tags: rice straw, rice fabric

Oryza Afternoon Recap Chicago Rough Rice Futures Settle Lower

Dec 05, 2013

Chicago rough rice futures for January delivery settled 25 cents per cwt (about $5.50 per ton) lower at $15.655 per cwt (about $345 per ton). Todays decline was the biggest in about a month and suggests resistance is very firm at $16.00 per cwt (about $353 per ton). Soybeans finished the day about 0.1% lower at $13.28 per bushel; wheat finished about 1.4% lower at $6.38 per bushel; and corn finished the day about 0.7% lower at $4.2275 per bushel.U.S. stock markets are currently trading down about 0.4%, gold is trading about 1.2% lower, crude

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oil is seen trading slightly higher, and the U.S. dollar is seen trading about 0.4% lower at about 4:00pm Chicago time.
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market

Oryza Overnight Recap Chicago Rough Rice Futures Seen Slightly Higher after Strong Export Sales Report
Dec 05, 2013

Chicago rough rice futures for January delivery are trading higher by about 4.5 cents (about $1 per ton) to about 15.950 per cwt (about $352per ton) as on 8:15am Chicago time. Rice was lifted by firm exports and sales. In the week ending November 28 U.S. rice exporters shipped 72,852 tons of rice and sold 117,827 tons, well above the previous week. The other grains are seen lower this morning: soybeans are currently trading lower by about 6.5 cent (about $1.4 per ton), wheat is trading lower by about 8 cents (about $2 per ton), and corn is trading higher by about 4 cents (about $1 per ton).U.S. stock futures fell after stronger-than-expected readings on the pace of U.S. economic growth and labor market underscored worries that the Federal Reserve could start to draw down its economic-stimulus efforts. Dow Jones Industrial Average futures are currently trading lower by about 0.21% to 15858, S&P 500 index futures are trading lower by about 0.24% to 1789 and NASDAQ composite futures are trading lower by about 0.08% to 4034. On economy side, U.S.'s initial jobless claims decreased by 23,000 to a seasonally adjusted 298,000 in the most recent week and GDP grew at a 3.6% seasonally adjusted annual rate from July through September. In non-agri commodities market, crude oil futures are currently trading higher by about 0.13 points and gold futures are trading lower by about 23.3 points. The U.S. dollar is currently trading higher against the euro and GBP while trading lower against the Japanese yen at about 8:30am Chicago time.
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market

Oryza Global Rice Quotes

December

5th, 2013

Long grain white rice - high quality Thailand 100% B grade 410-420 Vietnam 5% broken 430-440 India 5% broken 415-425 Pakistan 5% broken 375-385 Cambodia 5% broken 455-465 U.S. 4% broken 585-595 Uruguay 5% broken 625-635 Argentina 5% broken 625-635

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Long grain white rice - low quality Thailand 25% broken 370-380 Vietnam 25% broken 400-410 Pakistan 25% broken 335-345 Cambodia 25% broken 430-440 India 25% broken 375-385 U.S. 15% broken 565-575

Long grain parboiled rice Thailand parboiled 100% stxd 460-470 Pakistan parboiled 5% broken stxd 430-440 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% 995-1005 Vietnam Jasmine 615-625 India basmati 2% broken 1515 -1525 Pakistan basmati 2% broken NQ Cambodia Pkha Malis 905-915 Brokens Thailand A1 Super 335-345 Vietnam 100% broken 375-385 Pakistan 100% broken stxd 325-335 Cambodia A1 Super 375-385 India 100% Broken stxd 315-325 Egypt medium grain brokens NQ U.S. pet food 390-400 Brazil half grain 345-355 Medium grain milled U.S. Calrose 4% broken Egypt medium grain 6%

620-630 NQ

All prices USD per ton, FOB vessel, oryza.com Material published with permission of ORYZA.com

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