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TOP Contents - Tailored for YOU Latest News Headlines

Chinese citizens arrested in two seed theft cases Rice mills in Karnataka to shut from tomorrow Free Trade Zones: FG Goes After Rice Smugglers Oryza Afternoon Recap Chicago Rough Rice Futures Recover to Finish Week Unchanged; Corn and Wheat Fall, Soybeans Advance Cambodia Hopes to Accelerate Niche Organic Rice Export Market Oryza White Rice Index Hovers Above $450 per Ton - Thailand Weathers Political Storm Oryza U.S. Rough Rice Recap Holiday Doldrums Silent U.S. Rice Market Thailand Struggles to Finish What It Started; Farmers Await Funds for Pledged Paddy Oryza Rice Currency Analysis for Today Mexico Peso Up 0.6% Oryza Afternoon Recap Chicago Rough Rice Futures Recover to Finish Week Unchanged; Corn and Wheat Fall, Soybeans Advance Oryza Quick Glance at World News Oryza Rice Currency Analysis for Today Mexico Peso Up 0.6%Iraq Rejects All Offers in Recent Tender for 30,000 Tons of Rice South Korea Purchases 33,300 Tons of Rice in Tenders Syria Tenders to Buy 50,000 Tons of Rice, Payment via Iran India Winter Rice Crop Planting Area Reaches 163,000 Hectares; Up 15% from Last Year Oryza Overnight Recap Chicago Rough Rice Futures Slightly Lower as Grains Remain Under Pressure Ahead of Final Trading Session of the Week Thailand, India Rice Sellers Lower Their Quotes Today; Vietnam rice sellers Increase Their Quotes
News Detail
Chinese citizens arrested in two seed theft cases

Published on: Dec 14, 2013
Two cases involving stolen seed by Chinese natives have been unveiled by federal prosecutors this week. One case consists of two scientists stealing and transferring seed from a Kansas research facility while the other in Iowa involved six men conspiring to steal patented seed corn from two Americas leading seed companies, DuPont Pioneer and Monsanto. It is unclear at this time if the two cases are related.Kansas.According to FBI, two agricultural scientists from Weiqiang Zhang, 47, Manhattan, Kansas, and Wengui Yan, 63, Stuttgart, Arkansas were charged with trying to steal samples of variety seed from a Kansas biopharmaceutical companys
research facilities. United States Attorney Barry Grisson said Zhang and Yan were charged with one count of conspiracy to steal trade secrets. A federal Arkansas Judge ruled on Dec. 13 for Yan to remain in custody while Zhang hearing is set for Tuesday, Dec. 17.An affidavit filed in court stated, U.S. Customs and Border Protection found stolen seeds in the luggage of group of visitors from China returning home on Aug. 7. During the Chinese delegations visit to U.S., stolen seeds were delivered to the members of the delegation.Zhang and Yan -both natives of China and living legally in the U.S. - arranged for the Chinese delegation to visit the U.S. During the visit Yan, who worked for the U.S. Dept. of agriculture (USDA) as rice geneticists at the Dale Bumpers National Rice Research Center, picked up the group and took them to the center.The court records indicated similar seeds were found at Zhangs residence in August. Zhang worked for the business, identified only as Company A in the legal records.If convicted, Zhang and Yan could face up to 10 years in federal prison and a fine of up to $250,000.Iowa.A full-scaled FBI investigation took place after an employee of DuPont Pioneer found a Chinese man kneeling in the companys research field appearing to be removing plants. The man escaped but the employee was able to retrieve the license plate. FBI said the car was rented to Mo Hailong.The yearlong investigation revealed Mo Hailong, director of the international business of the Beijing Dabeinong Technology Group Co., had been traveling the Midwest collecting samples from key research fields. This week the FBI arrested Mo Hailong and charged him with conspiracy to steal trade secrets.After tracking Mo Hailongs activities, FBI found he was not working alone. Filed court documents stated other unnamed conspirators were involved including employees of the U.S. seed companies. The thefts took place between Sept. 2011 and Oct. 2012.Pioneer and Monsanto are both cooperating with the investigation.
Rice mills in Karnataka to shut from tomorrow

Protest against governments move on levy procurement for Anna Bhagya scheme
Rice mills across the State will shut indefinitely from Monday in protest against the State Cabinets decision to procure 5 lakh tonnes of levy rice before March 31 next to meet the requirements of the Anna Bhagya scheme.Karnataka State Rice Millers Association working president N.R. Vishwaradhya told presspersons here on Saturday that the government used to procure an average of about 1.25 lakh tonnes of rice annually so far, and the sudden hike in quantum was flawed and unreasonable. Unscientific He said that while the government had fixed a temporary target of 5 lakh tonnes till March, the total quantum a year would work out to 13.5 lakh tonnes. The price fixed for procurement, Rs. 2,400 a quintal, was also unscientific, he claimed.
Erroneous assumption Association secretary N. Srinivas Rao argued that the quantum fixed was based on the erroneous assumption that Karnataka produces 54 lakh tonnes of rice a year, while the actual production was between 15 lakh tonnes and 20 lakh tonnes a year when there are two crops. This, in effect, means that we will have to run mills exclusively to provide levy rice to the government, he added. Mr. Rao said there were also flaws in calculating running costs, such as the quantum of electricity required. Unilateral decision Association treasurer Kogundi Bakkeshappa said the government had taken the decision on pricing and quantum unilaterally, ignoring the pleas of millers to hold consultations before arriving at a decision.We met the government 28 times in the last three months, but the government did not have the courtesy to even talk to us, he said.The association has put forward a set of six demands, which also includes relaxation in the stock limits set by the government for mills and exemption for Sona Masuri variety of rice from the levy regime. Keywords: Anna Bhagya scheme, Karnataka rice mills protest, Karnataka State Rice Millers Association, rice production in Karnataka
Free Trade Zones: FG Goes After Rice Smugglers

By: Isaac Aimurie, Kingsley Alu on December 16, 2013 - 4:46am
By: Isaac Aimurie, Kingsley Alu on December 16, 2013 - 4:46am
The federal government has disclosed that government officials who may have colluded with importers and their agents at the countrys Free Trade Zones in violating the rules guiding the facilities would face severe sanctions. Speaking at the 2013 workshop for journalists at the weekend in Abuja, Director- General of NEPZA, Mr. Oluwagbemiga Kuye, said the agency was looking into the allegation that some importers and their agents were using the free trade zones to import rice into the country without paying the 110 per cent duty on the product.
According to him, erring investors would face the right sanctions. He said the outcome of investigation carried out by the agency was yet to be made public, but assured that the agency would not allow the concept to suffer abuse. We will look at the gazette setting up TINAPA in Calabar to protect it from abuse.Recall that the Nigeria Customs Service alleged recently at a Senate public hearing that the nation was losing huge revenue through smuggled items like rice, brought into the country through free trade zones.Meanwhile, a new visa regime that would allow investors to obtain their visas at the point of entry has been put in place by the federal government.Minister of Industry, Trade and Investment, Mr Olusegun Aganga , who made this disclosure at the workshop said prospective investors could now go online, register, pay the fee and bring the document at the point of entry. The minister said the effort was to ease the stress and time it takes to secure visa to Nigeria by a prospective investor.He also disclosed that all Nigerian embassies now have a trade and investment desk, adding that arrangements have also been concluded by the federal government to set up eight regional trade and investment offices with the first one already in Beijing , China.The first one is in Beijing. The second one is going to be in Abu Dhabi, the third in Brazil, and the fourth in the United States. Their job is to answer the queries, provide information, make sure the people there know what we are doing in the country and make sure we are able to attract investments from those locations, he said.He further hinted that the federal government was at the moment, examining laws affecting investments in the country.We have an insolvency bill going to the National Assembly. We have anti-trust and consumer protection bills going to the National Assembly, which Im backing up with a policy so that we can start implementing even before parliament acts. So these are some of the initiatives we are doing to make sure that we have the right environment for investors, he added. He also said that the government was in the process of enacting a competition and consumer protection law that would enable businesses to operate more effectively in the Nigerian market place.According to him, this was to ensure that appropriate safeguards were put in place to protect investors and consumers.
ORYZA NEWS
Oryza Afternoon Recap Chicago Rough Rice Futures Recover to Finish Week Unchanged; Corn and Wheat Fall, Soybeans Advance
Dec 13, 2013
Chicago rough rice futures for January delivery settled 8.5 cents per cwt (about $2 per ton) higher at $15.545 per cwt (about $343 per ton). Rough rice futures recovered following two consecutive sessions of losses to finish the week unchanged. Traders explain that this weeks action is typical of this time of year and expect trade volume to remain subdued during the coming weeks until after the New Year. One point of interest is the lack of warehouse receipts which will likely support the nearby contract until those interested in rolling positions forward ahead of the delivery period are able to do so. The other grains were mixed today; soybeans finished the day about 0.3% higher at $13.2750 per bushel; wheat finished about 0.8% lower at $6.2975 per bushel; and corn finished the day about 2% lower at $4.2550 per bushel.U.S. stocks stepped slightly higher on Friday, bouncing back after a three-session decline, as investors remained cautious before a Federal Reserve policy session next week. After wavering between slight rises and falls, the Dow Jones Industrial Average rose. The S&P 500 turned higher, with consumer discretionary the best performing and energy the worst among its 10 major sectors. The Nasdaq also gained, with the technologyheavy index on track for an 11th consecutive Friday gain, which would represent its longest Friday-win streak in more than three years. U.S. stock markets are currently trading about 0.3% higher, gold is trading about 0.7% higher, crude oil is seen trading about 0.8% lower, and the U.S. dollar is seen trading about 0.1% higher at about 2:00pm Chicago time.Turning to the daily continuation chart of Chicago rough rice futures for January delivery, as mentioned above todays recovery was enough to erase losses sustained earlier in the week and placed the market at unchanged on the week. Prices were seen at $15.545 per cwt (about $343 per ton) on Friday December 6, where they also finished today. Overall this weeks action provides little in the way of technical implications for coming trading sessions, however the market remains in negative territory and the current short-term bearish trend remains intact. Downward potential continues to be limited by support provided by the lower Bollinger band, which was noted at $15.400 per cwt (about $340 per ton) today. Todays sessions trading range is noted as $15.445-$15.595 per cwt (about $341-$344 per ton).Thursday, there were 571 contracts traded, up from 256 contracts traded on Wednesday. Open interest the number of contracts outstanding on Thursday decreased by 106 contracts to 7,639.
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market
Cambodia Hopes to Accelerate Niche Organic Rice Export Market
Dec 13, 2013
Cambodia is set to export organic certified rice from a private company for the first time. The private exporting company is partnering with the agricultural non-profit CEDAC (The Cambodian Center for Study and Development in Agriculture). CEDAC was started 15 years ago with the support of a French NGO and has been exporting organic Cambodian rice since 2009. The mission of CEDAC is to help small farming households earn good living conditions and strong mutual cooperation, with the right and power to determine their own destinies, as well as play an important role in supplying healthy food for the whole society. CEDAC exported 100 tons of organic rice in 2012 and is targeting 320 tons in 2013. Thats a small percentage of Cambodias total rice exports of over 300,000 tons so far this year, also a small percentage of global rice trade.
Tags: Cambodia rice exports, organic rice
Oryza White Rice Index Hovers Above $450 per Ton - Thailand Weathers Political Storm
Dec 13, 2013
A report from the Unite d Natio ns Food & Agric ulture Organ izatio n (FAO) found that
grain prices including rice are heavily correlated to energy markets. Since a significant percentage (about 40%) of U.S. corn is used to make ethanol, an alternative to oil derived gasoline, corn and crude prices have naturally moved in tandem. Researchers say this ripples out to other grains including rice as farmers consider which crops to plant. If crude prices rise, demand and prices for ethanol, and corn will too. If corn prices rise, more corn and less rice will be planted, driving rice prices higher as well. When the U.S. Federal Reserve finally does taper its bond-buying and begins to raise interest rates, this should push the U.S. dollar higher and send crude oil lower, in turn putting bearish pressure on grain prices including rice. However, with global rice quotes depressed under massive Thai stocks for the last year and half, the global rice market may have bottomed out. Thailand While Thailand endures political upheaval and more proof the nations rice mortgage scheme is unsustainable, Thai rice quotes held steady this week. Thai 5% broken rice ended the week at around $395 per ton, unchanged from last week, down $10 per ton from a month ago, and down $150 per ton from a year ago. Domestic protests continue and farmers this week threaten to block roads if they arent paid for rice they have pledged under the nations mortgage scheme. Funds are running short due to disappointing rice sales and a disappointing bond auction which the government had hoped would raise money for the program. Meanwhile, the government confirmed the rice mortgage program will continue despite the dissolution of the Parliament, although it may be reviewed by the new cabinet when it ends in February 2014. Thailand also asked the Philippines to purchase more rice from them soon in order to reach the yearly quota of 100,000 tons. India India 5% broken rice ended the week around $410 per ton, down $10 per ton from a week ago, down $5 per ton from a month ago, and down $25 per ton from a year ago. Rice stocks in India as of December 1 are about 28.19 million tons, down about 8% from the same time last year, according to data from the Food Corporation of India. The planting of the winter rice crop is so far up 15% from last year, potentially partially making up for crop loss in the main season from storms. Qatar has tendered to buy 24,000 tons of basmati rice from India with a deadline of December 23. The Indian government is promoting organic farming with subsidies and financial assistance due to increased demand for organics locally. Vietnam
Vietnam 5% broken rice is today shown around $425 per ton, down $10 per ton from a week ago, up $25 per ton from a month ago, and up $20 per ton from a year ago. Vietnam rice quotes have slumped from their boost on the back of sales to the Philippines. With quotes above Thai origin white rice, Vietnam quotes have since backed down. Exports from January 1-December 5 are at about 6.2 million tons, down about 18% from the same period last year, according to the Vietnam Food Association. . Pakistan Pakistan 5% broken rice is today shown around $385 per ton, up $5 per ton from a week ago, up $5 per ton from a month ago, and down $45 per ton from a year ago. Pakistan rice exports have been hampered by container port strikes; most of the nations rice is exported via containers. Transporters such as truckers say their job is just to carry goods but they are being harassed by officials asking them for documentation they say they are not responsible for. Despite the logistical challenges prices are expected to remain firm since Pakistan is the cheapest origin. Brazil Brazil 5% broken rice ended the week around $685 per ton, unchanged from last week, and up $65 per ton from last month. According to Conab, paddy production for 2013-2014 is projected to be about 12.22 million tons, an increase of 4% from the previous year. In an effort to dampen domestic rice prices, Conab announced plans for two new auctions totaling over 70,000 tons of stocks on December 18. Argentina Argentina 5% broken rice ended the week around $630 per ton, unchanged from last week, and up $10 per ton from a month ago. Argentina provided the lowest offer in the recent Iraq tender, offering $725 per ton cif for 30,000 tons of rice; however Iraq rejected all tender offers. U.S. U.S. 4% broken rice is today shown around $590 per ton, unchanged from a week ago, down $5 per ton from a month ago, and down $5 per ton from a year ago. On Thursday, the U.S. House of Representatives passed an extension of the 2008 Farm Bill that will be in effect until January 31, 2014, preventing a regression to 1949 regulations as some feared. However, it is unlikely that the Senate will consider the extension because they hope to finalize the official bill in January.
Cambodia Cambodia 5% broken rice is shown around $460 per ton, unchanged from the previous week and the previous month. Philippines Rice prices have increased about 3-11% this week, according to the Bureau of Agricultural Statistics. The government continues to insist food supplies are sufficient. Other News Malaysia is considering privatizing Bernas, the nations main rice-buying company. Bangladesh rice mills sit quiet and empty while political blockade prevents transportation. The USDA increases projections for Colombia paddy production in MY 2012-2013 to 1.9 million tons, an increase of about 12% from previous estimates.
Tags: Oryza White Rice Index (WRI)
Oryza U.S. Rough Rice Recap Holiday Doldrums Silent U.S. Rice Market
Dec 13, 2013
The U.S. cash was dead silent today as holiday doldrums set in. Offers remain steady near $15.65-$16.66 per fob farm (about $345-$367 per ton), depending on where they are located in the U.S. mid-South and how quickly they could ship.Bids from larger mills increased slightly to around $15.00 per cwt (about $331 per ton) while bids from exporters were unchanged near $15.25 per cwt (about $336 per ton), both for December through January delivery, although some smaller mills are still reportedly bidding around $16.00 per cwt (about $353 per ton) or more for prompt delivery.
Tags: U.S. rice market, U.S. rice prices
Thailand Struggles to Finish What It Started; Farmers Await Funds for Pledged Paddy
Dec 13, 2013
Thailands Bank of Agriculture and Agriculture Cooperatives (BAAC) says 22 billion baht (about $686 million) is owed to farmers who have pledged their rice under the nations rice mortgage scheme. The 22 billion baht needed to pay farmers is expected to come from rice sales and money from the commerce ministry. Farmers have so far pledged rice worth about 90 billion baht (about $2.8 billion) for the current crop - equivalent to about 6 million tons of paddy - and are expected to pledge a total of 150 billion baht (about $4.7 billion) equivalent to about 11 million tons of paddy.
Tags: Thailand rice mortgage scheme
Oryza Rice Currency Analysis for Today Mexico Peso Up 0.6%

Dec 13, 2013
U.S. dollar index was up +0.02% from the open today, when it traded at 80.228 at the close. Euro was weaker -0.16% today by the close, trading around 1.3746 by end of day, after trading between an intraday high of 1.3769 and low of 1.3709. Speculation on a December Fed taper in bond purchases continues to drive the markets. Thai baht was stronger +0.27%, trading at 32.050 at the close of business. Indian rupee was -0.47% weaker, trading at 62.1250. Brazilian real was +0.15% stronger than the open at todays close, when it ended at 2.3301 reais per dollar. Pakistan rupee was +0.10% stronger at 107.1825. Vietnamese dong was weaker -0.02% at 21109. Mexican peso was +0.62% stronger today, when it traded at 12.8865 pesos per dollar by the close of business today. Chinese yuan was -0.01% weaker at 6.0717. Argentine peso was -0.15% weaker at 6.2896 pesos per dollar.
Tags: foreign exchange rates
Oryza Afternoon Recap Chicago Rough Rice Futures Recover to Finish Week Unchanged; Corn and Wheat Fall, Soybeans Advance
Dec 13, 2013
Chicago rough rice futures for January delivery settled 8.5 cents per cwt (about $2 per ton) higher at $15.545 per cwt (about $343 per ton). Rough rice futures recovered following two consecutive sessions of losses to finish the week unchanged. Traders explain that this weeks action is typical of this time of year and expect trade volume to remain subdued during the coming weeks until after the New Year. One point of interest is the lack of warehouse receipts which will likely support the nearby contract until those interested in rolling positions forward ahead of the delivery period are able to do so. The other grains were mixed today; soybeans finished the day about 0.3% higher at $13.2750 per bushel; wheat finished about 0.8% lower at $6.2975 per bushel; and corn finished the day about 2% lower at $4.2550 per bushel.U.S. stocks stepped slightly higher on Friday, bouncing back after a three-session decline, as investors remained cautious before a Federal Reserve policy session next week. After wavering between slight rises and falls, the Dow Jones Industrial Average rose. The S&P 500 turned higher, with consumer discretionary the best performing and energy the worst among its 10 major sectors. The Nasdaq also gained, with the technology-heavy index on track for an 11th consecutive Friday gain, which would represent its longest Friday-win streak in more than three years. U.S. stock markets are currently trading about 0.3% higher, gold is trading about 0.7% higher, crude oil is seen trading about 0.8% lower, and the U.S. dollar is seen trading about 0.1% higher at about 2:00pm Chicago time.Turning to the daily continuation chart of Chicago rough rice futures for January delivery, as mentioned above todays recovery was enough to erase losses sustained earlier in the week and placed the market at unchanged on the week. Prices were seen at $15.545 per cwt (about $343 per ton) on Friday December 6, where they also finished today. Overall this weeks action provides little in the way of technical implications for coming trading sessions, however the market remains in negative territory and the current short-term bearish trend remains intact. Downward potential continues to be limited by support provided by the lower Bollinger band, which was noted at $15.400 per cwt (about $340 per ton) today. Todays sessions trading range is noted as $15.445 -$15.595 per cwt (about $341-$344 per ton). Thursday, there were 571 contracts traded, up from 256 contracts traded on Wednesday. Open interest the number of contracts outstanding on Thursday decreased by 106 contracts to 7,639.
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market
Oryza Quick Glance at World News

Dec 13, 2013
Financial Times *The European Banking Authority will on Friday issue a statement warning of the risk of violent fluctuat ions in electronic currencies value, the danger of digital wallets being hacked, and of the lack of legal protections for users.*A U.S. budget deal hailed as lifting the cloud of political dysfunction hanging over the worlds largest economy cleared the House of Representatives with overwhelming support on Thursday evening, as leaders of both parties quashed dissent within their ranks. The legislation was passed by a margin of 332 to 94 and will head to the Senate for a final vote next week. If it is approved by the upper chamber of Congress, it will be signed into law by Barack Obama, who supports the measure. *North Korea on Friday announced the execution of Jang Song Thaek, the uncle widely seen as Kim Jong Uns most powerful adviser, accusing him of plotting a coup against the young leader. *The U.S. has ratcheted up the pressure on Ukraines President Viktor Yanukovich as pro-EU demonstrators intensified their stand-off against him and opposition leaders contemplated entering into negotiations to end the crisis. *The Bank of Japan will keep its highly expansionary monetary policy in place until inflation hits and stabilizes at its 2% target, the central banks governor said on Thursday, adding it would take more easing measures if price rises flagged. *The U.S. Transportation Department joined in the high-pitched debate over the use of mobile phones during flights just after the U.S. Federal Communications Commission decided it would study the lifting of a 22-yearold ban. *Weak demand in emerging markets was more than a short-term blip and likely to have a broad impact on U.S. companies for some time, John Chambers, Cisco Systems chief executive, warned as he cut financial forecasts again on Thursday. *Germanys financial regulator has demanded documents from Deutsche Bank as part of an investigation into potential manipulation of gold and silver prices. The probe from the German watchdog comes as regulators around the world step up their scrutiny of benchmarks after the recent Libor interbank lending scandal led to hefty fines for banks. Wall Street Journal*Ireland's government has agreed to sell one of its largest energy companies to a group that includes the owner of British Gas, for as much 1.12 billion ($1.54 billion), the energy minister said Thursday, marking its largest privatization under the country's bailout. *The EU has asked for a one-month delay to submit proposals that would set the stage for free-trade talks with South American trade bloc Mercosur. *Japan is working to build regional support for a more-united front against China, appealing to Southeast Asian neighbors meeting for the first time since Beijing launched an air-defense zone that has strained ties across the region. *Russian President Vladimir Putin in his state-of-the-nation address on Thursday acknowledged that a downturn in the country's economy was based on internal factors, but insisted the government should not cut back on promised spending. *Google Inc.'s hopes of settling its high-profile antitrust case in the EU suffered a setback as rivals and consumer groups blasted its latest proposal for resolving the EU's competition concerns.
*India's industrial output contracted for the first time in four months in October, dragged down by falling production in the country's mining and manufacturing industries. The index of industrial production in October fell a steeper-than-expected 1.8% from the same month a year earlier, data from the statistics ministry showed Thursday. Meanwhile, retail inflation, as measured by India's consumer-price index, accelerated to a higherthan-expected 11.24% in November from 10.17% in October, according to separate government data issued Thursday. *The French car makers Renault SA and PSA Peugeot Citron SA have taken initial steps toward resuming deliveries to Iran, previously one of their biggest markets. *North Korea said early Friday that the uncle of supreme leader Kim Jong Un, who was until recently the country's de facto No. 2 official, was executed for trying to overthrow the government. New York Times*Chemical weapons were used repeatedly in the Syria conflict this year, not only in a well-documented August 21 attack near Damascus but also in four other instances, including two subsequent attacks that targeted soldiers, the U.N. said in a report released Thursday. *Bank of America agreed on Thursday to pay the Securities and Exchange Commission a $131.8 million penalty to settle an investigation linked to the structuring and sale of two complex mortgage securities that its Merrill Lynch division sold to investors. *The Israeli government on Thursday shelved a plan to resettle tens of thousands of Bedouin citizens in the Negev desert that had drawn international condemnation, spawned street demonstrations across Israel, and in recent days lost the support of lawmakers from the governing coalition as well. *Microsoft Corp is considering Qualcomm Inc Chief Operating Officer Steve Mollenkopf as a candidate for its new chief executive officer, Bloomberg News reported on Thursday, as it reaches the final stages of a fourmonth search process. *American Airlines, fresh out of bankruptcy and newly merged with U.S. Airways, said Thursday that it would buy 90 new regional jets from Brazil's Embraer S.A. and Canada's Bombardier Inc. and use them to replace smaller, less fuel-efficient planes. *The Coca-Cola Company said Thursday that it would divide its North American business into two units, as part of its plan to return to a franchise model instead of ownership of bottlers. The company said the division would result in two operating units: Coca-Cola North America and Coca-Cola Refreshments.
Tags: Global News
Oryza Rice Currency Analysis for Today Mexico Peso Up 0.6%

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U.S. dollar index was up +0.02% from the open today, when it traded at 80.228 at the close. Euro was weaker -0.16% today by the close, trading around 1.3746 by end of day, after trading between an intraday high of 1.3769 and low of 1.3709. Speculation on a December Fed taper in bond purchases continues to drive the markets. Thai baht was stronger +0.27%, trading at 32.050 at the close of business. Indian rupee was -0.47% weaker, trading at 62.1250. Brazilian real was +0.15% stronger than the open at todays close, when it ended at 2.3301 reais per dollar. Pakistan rupee was +0.10% stronger at 107.1825. Vietnamese dong was weaker -0.02% at 21109. Mexican peso was +0.62% stronger today, when it traded at 12.8865 pesos per dollar by the close of business today. Chinese yuan was -0.01% weaker at 6.0717. Argentine peso was -0.15% weaker at 6.2896 pesos per dollar.
Tags: foreign exchange rates - See more at: http://oryza.com/news/oryza-rice-currency-analysis-today-%E2%80%93-mexico-peso-06#sthash.wR0YO2P2.dpuf
Iraq Rejects All Offers in Recent Tender for 30,000 Tons of Rice
Dec 13, 2013
The state grain board of Iraq rejected all offers made for its tender to buy 30,000 tons of rice. The tender closed on Sunday December 8, 2013.The lowest offer was $725 per ton cif for 30,000 tons of Argentina long grain rice.
Tags: tender, Iraq rice tender, Iraq rice imports
South Korea Purchases 33,300 Tons of Rice in Tenders

Dec 13, 2013
Sout h Kore a has purc hase d abou t 33,3 00 tons nonglutinous brown rice of long-grain variety in a tender issued on November 25, 2013. The last date for submission of application forms was December 9, 2013 and electronic bidding was held the next day. The shipment delivery is expected to be take place by March 31, 2014.In this tender, South Korea has purchased about 21,300 tons rice from the Thailand and remaining 12,000 tons from Vietnam, according to the state-run Korea Agro-Fisheries & Food Trade Corp.
Tags: Rice tender, South Korea rice imports, Thailand rice exports, Vietnam rice exports
Syria Tenders to Buy 50,000 Tons of Rice, Payment via Iran

Dec 13, 2013
Syrias state purchasing agency has tendered to buy 50,000 tons of rice; 150,000 tons of sugar; and 25,000 tons of flour, along with other foods. The tender will use a credit line from Iran and the deadline is December 17, 2013. "The tender says there must be a written declaration by the bidder to say they are fully briefed on the Iranian credit line agreement between Syria and Iran and that they accept all the contents of the terms and conditions of an Iranian credit for payment of the commodities," one European trader told Reuters.
Tags: Syria rice imports, Iran, Rice imports
India Winter Rice Crop Planting Area Reaches 163,000 Hectares; Up 15% from Last Year
Dec 13, 2013
Planting area under Indias Rabi rice (winter) crop has reached about 163,000 hectares as of December 13, 2013, up about 15% from around 142,000 hectares recorded during the same time last year, according to the Ministry of Agriculture.Meanwhile, Indias total Rabi planting area (including rice and other grains) stands at around 50.698 million hectares, up about 6% from around 47.757 million hectares during this time last year.
Tags: India rice production
Oryza Overnight Recap Chicago Rough Rice Futures Slightly Lower as Grains Remain Under Pressure Ahead of Final Trading Session of the Week
Dec 13, 2013
Chicago rough rice futures for January delivery are currently paused 1 cent per cwt lower at $15.450 per cwt (about $341 per ton) as of 8:00am Chicago time. The other grains are seen lower this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.8% lower, wheat is seen about 0.6% lower, and corn is paused about 0.7% lower. U.S. stock index futures held mild gains on Friday, after a report showed inflation remained benign last month. The Labor Department reported producer prices fell for a third straight month in November, illustrating a lack of inflation that could be a factor in decisions by the Federal Reserve as it considers whether to start reducing its monthly bond purchases. Fears the Federal Reserve could start scaling back its massive bond-buying when it meets next week will continue to weigh on markets. The Dow fell to a five-week low on Thursday after upbeat retail sales data raised expectations of an imminent taper. Asian shares traded mixed early on Friday on tapering concerns, while European shares crept higher. U.S. stock index futures are currently trading about 0.2% higher, gold is currently trading about 0.7%higher, crude oil is seen trading about 0.8% lower, and the U.S. dollar is currently trading marginally lower at 8:00am Chicago time.
Tags: chicago rough rice futures, U.S. rice market, U.S. rice prices
Thailand, India Rice Sellers Lower Their Quotes Today; Vietnam rice sellers Increase Their Quotes
Dec 13, 2013
Thailand rice sellers lowered their quotes for A1 super by about $10 per ton to about $320 - $330 per ton today. Vietnam rice sellers increased their quotes for 25% broken rice and 100% broken rice by about $5 per ton and $10 per ton respectively to about $400 - $410 per ton and $375 - $385 per ton respectively. Indian rice sellers lowered most of their quotes by about $5 $10 per ton. Pakistan rice sellers remained their quotes unchanged today. 5% Broken Rice Thai 5% rice is quoted around $390 - $400 per ton, about a $30 per ton discount to Viet 5% rice shown around $420 - $430 per ton. Indian 5% rice is quoted around $405 - $415 per ton, down about $5 per ton from yesterday and about a $25 per ton premium over Pak 5% rice quoted around $380 - $390 per ton. 25% Broken Rice Thai 25% rice is quoted about $365 - $375 per ton, and about a $35 per ton discount to Viet 25% rice shown around $400 - $410 per ton, up about $5 per ton from yesterday.
Indian 25% rice is quoted about $370 - $380 per ton, down about $5 per ton from yesterday and about a $30 per ton premium over Pak 25% rice quoted around $340 - $350 per ton. Parboiled Rice Thai parboiled rice is quoted around $450 - $460 per ton. Indian parboiled rice is quoted around $395 - $405 per ton, down about 410 per ton from yesterday and about a $30 per ton discount to Pak parboiled rice quoted around $425 - $435 per ton. 100% Broken Rice Thai broken rice, A1 Super, is quoted around $320 - $330 per ton, down about $10 per ton from yesterday and about a $55 per ton discount to Viet broken rice shown around $375 - $385 per ton, up about $10 per ton from yesterday. Indian broken sortexed rice is quoted about $305 - $315 per ton, down about $10 per ton from yesterday and about a $15 per ton discount to Pak broken sortexed rice quoted around $320 - $330 per ton.
Tags: Thailand rice news, Vietnam rice news, India rice news, Pakistan rice news
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16th December, 2013 Daily GLOBAL & International Rice E-Newsletter Shared by Riceplus Magazine

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