9th January, 2014 Daily Exclusive Rice E-Newsletter by Riceplus Magazine

9th January , 2014
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Latest News Headlines
Oryza U.S. Rough Rice Recap Trading Slow as Market Participants Wait for Better Prices Red Yeast Rice Products in Taiwan Found to Have Too High of Levels of Cholesterol-Reducing Fungus India's Genetic Committee Holds First Meeting in Two Years; Nation Weighs GMO Crop Risks, Benefits India Punjab Millers Face Losses Due to Slow Government Procurement of Rice India Amends Basmati Rice GI Application to Include Central State Madhya Pradesh Thailand Rice Sellers Increase Some of Their Quotes Today; Other Asia Rice Quotes Unchanged Oryza Overnight Recap Chicago Rough Rice Futures Remain Under Pressure as Market Continues to Retrace Recent Gains Indonesia Unlikely to Import Rice in 2014 Thailand Off-Season Rice Production Forecast to Decline 21% to 8.47 Million Tons Oryza Overnight Recap Chicago Rough Rice Futures Remain Under Pressure, Market Retraces Recent Gains China Celebrates Buddhas Enlightenment with Rice Porridge Festival U.S. Rice Farmer Takes Case to State Supreme Court Oryza Quick Glance at World News Oryza Global Rice Quotes
NEWS DETAILS:
Oryza U.S. Rough Rice Recap Trading Slow as Market Participants Wait for Better Prices
jan 08, 2014
The U.S. cash market was silent today and buyers and sellers remain at odds on price. As of today, offers could still be found around $15.55-$16.66 per fob farm (about $343-$367 per ton), depending on where they are located in the U.S. mid-South, for January through March shipment.Bids from larger mills increased slightly to around $15.05 per cwt (about $332 per ton) while bids from exporters were unchanged near $15.15 per cwt (about $334 per ton), both for January through February delivery, although sellers remain uninterested in these bids.
Tags: U.S. rice market, U.S. rice prices
Red Yeast Rice Products in Taiwan Found to Have Too High of Levels of Cholesterol-Reducing Fungus
Jan 08, 2014
Several red yeast rice products in Taiwan have shown proof of high levels of contamination with mycotoxins, according to the nation's Food and Drug Administration.Mycotoxins are produced by fungus and are naturally occurring, so it is not too shocking that the toxin is found in red yeast rice, which is cultivated with a specific mold culture (monascus purpureus) to produce its bright red color. The levels of citrinin in the red yeast rice far exceeded the maximum allowable level of 5 ppm, with some samples testing positive for over 63 ppm.Red yeast rice has received lots of publicity for its rumored ability to lower cholesterol and triglycerides, although the safety of the product has come under scrutiny lately. The product is not regulated by the FDA in the U.S. unless it includes monacolin K, which acts as a statin (cholesterol-lowering drug).
Tags: cholesterol, red yeast rice, mycotoxins
India's Genetic Committee Holds First Meeting in Two Years; Nation Weighs GMO Crop Risks, Benefits
Jan 08, 2014
The Genetic Engineering Appraisal Committee (GEAC) in India will soon have its first meeting in nearly two years. Field trials in the country have largely been stalled during the committees hiatus, and currently cotton is the only genetically modified crop being grown at the commercial level in India.Over 50 applications are pending review by the committee, 35 of which are new applications (as opposed to revalidations). Eleven different agricultural crops are represented in those new applications and fifteen of those 35 new applications are for genetically modified rice.As in many countries, genetically modified crops are a contentious topic in India with some states opposing the field trials while the environment ministry supports research on GM crops.
Tags: GMO rice, GM Crops, Genetically Modified Agricultural Crops Genetic Engineering Appraisal Committee (GEAC), Environment Ministry Economy
India Punjab Millers Face Losses Due to Slow Government Procurement of Rice
Jan 08, 2014
Slow procurement of rice by the Indian government is adversely affecting quality of rice and causing financial losses to millers, according to local sources.Rice procurement by central and state government agencies in India stand at around 16.36 million tons so far in the marketing season 2013-14 (October September), which is down about 8% from around 17.78 million tons of rice procured during the same time in the previous year. It is estimated that total annual rice procurement is likely to reach only around 31-32 million tons in 2013-14, down about 6% from the target of around 34.5 million tons. According to local sources, government procurement is slow this year due to high open-market prices and delay in harvesting in some states of India.However, millers in Punjab say that low demand in eastern states and understaffing in the Food Corporation of India (FCI) are main reasons behind the slow procurement of rice from mills. Punjab contributes a large share of rice to the central pool for the public distribution system. About 3,000 small rice processing mills in Punjab process nonbasmati rice procured by the central and state government agencies meant for the PDS, and receive processing fees, and by-products of paddy like paddy husk and bran.However, slow procurement has cut down production capacity of the mills to almost half in Punjab this year. According to Tarsem Saini, president of the Rice Millers Association of Punjab, most mills have the capacity to process about 100,000 tons of rice per day, but government agencies are procuring only 50,000 tons per day which is forcing mills to operate at half their capacity. According to Saini, mills can complete processing of the entire stock of around 12.5 million tons in the state by February 28, 2014, but have to stretch it to August 2014. He says that this may lead to high moisture level in the grain and cause financial losses to millers. Delay in processing is also likely to increase power consumption and maintenance charges (by up to 50%), he says.Rice millers in Punjab are also concerned about the manual rice assessment method used by the FCI. The millers say that due to lack of correct government policies, rice processing has turned into an annual occupation from being a seasonal business.
Tags: India rice procurement
India Amends Basmati Rice GI Application to Include Central State Madhya Pradesh
Jan 08, 2014
India's Geographical Indications (GI) Registry has directed the Agricultural & Processed Food Products Export Development Authority (APEDA) to file an amended GI application to include the central Indian state Madhya Pradesh as a basmati growing area, a move that is likely to delay legal protection to basmati rice in India.In its first application, APEDA had sought to cover the northern states of Punjab, Haryana, Delhi, Himachal Pradesh, Uttarakhand, and parts of Uttar Pradesh and Jammu & Kashmir as basmati growing areas. However, the Madhya Pradesh state government, basmati rice farmers of the state, and some private traders wanted Madhya Pradesh to be included for GI recognition.
The applicants say Madhya Pradesh is located in the Indo-Gangetic plains and that in 2009 (when APEDA filed the application), the state produced about 450,000 tons of basmati (of which around 400,000 tons was exported). They add that non-inclusion of state will adversely affect the lives of farmers. A representative says, The geographical indication application remains imperfect if it fails to cover the act ual producing area. Not even a micron point space of actual cultivation area should be left uncovered."However, including Madhya Pradesh for GI registration is likely to delay GI protection for Indian basmati rice. According to local sources, APEDA has spent over Rs.7.6 crore (around $1.2 million) on litigations on basmati and there are still over 200 pending litigations in 50 jurisdictions worldwide.A GI label certifies the geographical origin of a product and confirms adherence to some production standards. It also prevents producers who aren't covered by the tag from using the same.India is the largest producer and exporter of basmati rice. Indias basmati rice exports are forecast to reach around 4 million tons in FY 2013-14 (April March), up about 12.5% from around 3.5 million tons in FY 2012-13.
Tags: india basmati rice, Geographical Indications (GI)
Thailand Rice Sellers Increase Some of Their Quotes Today; Other Asia Rice Quotes Unchanged
Jan 08, 2014
Thailand rice sellers increased their quotes for parboiled rice by about $10 per ton to about $445 - $455 per ton today. Other Asia rice sellers kept their quotes mostly unchanged. 5% Broken Rice Thai 5% rice (of new crop) is quoted around $415 - $425 per ton, about a $10 per ton premium over Viet 5% rice shown around $405 - $415 per ton. Thai 5% rice of the old crop is shown around $370 - $380 per ton. Indian 5% rice is quoted around $400 - $410 per ton, about a $15 per ton premium over Pak 5% rice quoted around $385 - $395 per ton. 25% Broken Rice Thai 25% rice (of new crop) is quoted about $375 - $385 per ton, about a $10 per ton discount to Viet 25% rice shown around $385 - $395 per ton. Thai 25% rice of the old crop is shown around $345 - $355 per ton. Indian 25% rice was last quoted about $370 - $380 per ton, about a $25 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 $445 - $455 per ton, up about $10 per ton from yesterday. Indian parboiled rice is quoted around $385 - $395 per ton, about a $35 per ton discount to Pak parboiled rice quoted around $420 - $430 per ton. 100% Broken Rice Thai broken rice, A1 Super, of the old crop is quoted around $300 - $310 per ton, about a $65 per ton discount to Viet broken rice shown around $365 - $375 per ton. Indian broken sortexed rice is quoted about $290 - $300 per ton, about a $25 per ton discount to Pak broken sortexed rice quoted around $315 - $325 per ton.
Tags: Asia rice quotes, India rice quotes, Pakistan rice quotes, Vietnam rice quotes, Thailand rice quotes
Oryza Overnight Recap Chicago Rough Rice Futures Remain Under Pressure as Market Continues to Retrace Recent Gains
Jan 08, 2014
Chicago rough rice futures for March delivery are currently paused 3 cents per cwt (about $0.33 per ton) lower at $15.450 per cwt (about $341 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 0.4% lower, wheat is noted about 0.2% higher, and corn is paused about 0.1% lower.U.S. stock index futures signaled a weak open on Wall Street on Wednesday, with investors reacting to the ADP payrolls report ahead of the Federal Reserve's latest policy minutes. The data, which comes ahead of Friday's nonfarm payrolls report for December, had the private sector creating 238,000 jobs in December. Analysts polled by Reuters had expected the ADP report to show that 200,000 private sector jobs were created in December, down slightly from November's 215,000. T he FOMC minutes will be published at 2 p.m. ET, and will be of particular interest given last month's longawaited announcement on tapering. Investors will want to know whether policymakers were unanimous in their decision to scale back asset purchases by $10 billion to $75 billion per month, and whether further tapering can be expected in February. In addition, the Fed will publish consumer credit data for November at 3 p.m. on Wednesday. It will purchase $1.0-1.5 billion of 22-30-year notes during the day and Treasury will sell $21 billion of re-opened 10-year notes. U.S. stock index futures are currently trading about 0.1% lower, gold is currently trading about 0.6% lower, crude oil is seen trading about 0.2% higher, and the U.S. dollar is currently trading about 0.2% higher at 8:00am Chicago time.
Tags: chicago rough rice futures
Indonesia Unlikely to Import Rice in 2014

Jan 08, 2014
Indonesia will not require any rice imports in 2014, according to the country's Agriculture Minister.The minister says that the country's production of paddy rice is expected to increase to 76.57 million tons (about 42.5 million tons, basis milled) in 2014, up about 8% from around 70.87 million (about 39 million tons, basis milled) in 2013. Indonesia also has a buffer carry-over stock of 2 million tons at the end of 2013, the minister says.However the State Logistics Agency (Bulog) president director Sutarto Alimoeso said that country's import requirement can be known only after looking at the production capacity, which may drop owing to unfavorable climate conditions. So far, the national rice output is expected to increase because of favorable climate forecasts and efficient distribution of fertilizers and seeds to farmers, he added. Alimoeso said that the government has not imported rice in 2013 as the national output was sufficient to meet the demand. But some rice was imported by few private agencies, he noted.However, USDA estimates Indonesias rice import requirements to grow to around 1.5 million tons in 2014, up about 50% from around one million tons in 2013.
Tags: Indonesia rice imports
Thailand Off-Season Rice Production Forecast to Decline 21% to 8.47 Million Tons
Jan 08, 2014
Thailands off-season (January - June) rice production is expected to decline to around 8.47 million tons this year, down about 21% from the previous year, and the lowest in around seven years, according to the Office of Agricultural Economics (OAE).According to earlier projections of the Agriculture Ministry, the main season (May January) rice crop production is likely to reach around 28.4 million tons in 2013-14, which suggests total 2013-14 rice production may reach around 36.8 million tons which is down about 3.5% from previous year.The OAE says that the off-season rice crop is adversely affected this year due to droughts during the planting season. However, trade sources say that farmers have reduced rice plantings due to the changes in the government rice mortgage program for the off-season crop.Under new rules announced last year, the government continues to pay up to 15,000 baht (about $453) per ton of paddy rice for the main crop, but has lowered the purchase price of paddy rice from the off-season crop by around 13% to up to 13,000 baht (about $393) per ton.
Tags: Thailand rice production, Thailand rice mortgage program
Oryza Overnight Recap Chicago Rough Rice Futures Remain Under Pressure, Market Retraces Recent Gains
Jan 08, 2014
Chicago rough rice futures for March delivery are currently paused 3 cents per cwt (about $0.33 per ton) lower at $15.450 per cwt (about $341 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 0.4% lower, wheat is noted about 0.2% higher, and corn is paused about 0.1% lower. U.S. stock index futures signaled a weak open on Wall Street on Wednesday, with investors reacting to the ADP payrolls report ahead of the Federal Reserve's latest policy minutes. The data, which comes ahead of Friday's nonfarm payrolls report for December, had the private sector creating 238,000 jobs in December. Analysts polled by Reuters had expected the ADP report to show that 200,000 private sector jobs were created in December, down slightly from November's 215,000. The FOMC minutes will be published at 2 p.m. ET, and will be of particular interest given last month's long-awaited announcement on tapering. Investors will want to know whether policymakers were unanimous in their decision to scale back asset purchases by $10 billion to $75 billion per month, and whether further tapering can be expected in February. In addition, the Fed will publish consumer credit data for November at 3 p.m. on Wednesday. It will purchase $1.0-1.5 billion of 22-30year notes during the day and Treasury will sell $21 billion of re-opened 10-year notes. U.S. stock index futures are currently trading about 0.1% lower, gold is currently trading about 0.6% lower, crude oil is seen trading about 0.2% higher, and the U.S. dollar is currently trading about 0.2% higher at 8:00am Chicago time.
Tags: U.S. rice prices, U.S. rice market, chicago rough rice futures
China Celebrates Buddhas Enlightenment with Rice Porridge Festival

Jan 08, 2014
Today, Wednesday January 8, marks the traditional Chinese holiday known as the Laba Rice Porridge Festival. The floating holiday was originally a celebration of the new harvest, but it was given a fixed day (the eighth day of the twelfth month of the lunar Chinese calendar) when its focus shifted to the commemoration of Buddhas enlightenment, after the spread of Buddhism during the first century. In its early form, the Laba Festival was an opportunity for people to celebrate their crops, make sacrifices to ancestors, show appreciation for a good harvest, and pray for future good fortune. As the festival became more Buddhist-centric charity became a bigger component of the holiday. Now, Buddhist monks cook massive amounts of laba porridge to provide to those who need it. The monks in one city prepared over 7.5 tons of porridge this year, according to BBC China.As with any traditional dish, there are numerous ways to make it and notable regional differences. Laba rice porridge usually contains glutinous rice, red beans, dried fruit, nuts, and meat, along with other optional ingredients. Traditionally, it should have eight ingredients, sometimes known as the eight treasures. Other common options include lotus seeds, taro, water chestnuts, or tofu. Porridge-cookers in northern China are likely to create a sweeter porridge almost a dessert by adding sugar, dates, lotus seeds, dried longan pulp, pine nuts, and other fruits and nuts. The porridge in southern China is likely to have salt added, along with soybeans, peanuts, water chestnuts, walnuts, and meat. The ingredients are cooked for hours, on high heat in the beginning and then reduced to a simmer for several hours. Once its cooked, the porridge is offered as a sacrifice to ancestors and shared amongst friends, family, and strangers. Make sure to leave a little porridge in your bowl leftovers forecast a good harvest the following year.
Tags: Buddhas Enlightenment, Laba Rice Porridge Festival, China rice production, rice porridge
U.S. Rice Farmer Takes Case to State Supreme Court

Jan 08, 2014
The Texas Supreme Court will hear a case to decide whether a rice farmer in East Texas can sue for trespassing if his land is damaged when industrial wastewater is injected 1.5 miles under the surface via a disposal well. He is concerned the wastewater will encroach on his farms property line. Locals say it will be interesting to see which ideal wins out: private property rights or support for developing industry.
Tags: texas rice farming
Oryza Quick Glance at World News

Jan 08, 2014
Financial Times
*Americas domestic energy revolution helped drive a decline in the U.S. trade deficit to its lowest level in four years, bolstering calls in Washington for the Obama administration to relax decades-old restrictions on the export of crude oil. The improvement in Americas monthly trade gap to $34.3 billion in November from $39.3 billion in October prompted some economists to increase fourth-quarter U.S. growth estimates, reinforcing confidence in the countrys economic recovery. *Much of North America was gripped by the coldest weather in decades as extreme conditions, caused by a polar vortex a pattern of winds that traps cold air spread east and south on Tuesday. The U.S. National Weather Service warned of dangerously cold Arctic air overtaking the eastern two-thirds of the country, with temperatures below freezing in most places from the central plains to the east coast and as far south as the gulf coast. *The U.S. Senate advanced legislation to restore federal jobless benefits for the long-term unemployed, in a surprise win for Democrats and President Barack Obama, who went on the offensive to push enough Republicans to accept the measure. *The Bundesbank has become the latest big central bank to warn about the risks of Bitcoin, amid rising concerns from regulatory authorities around the world as the virtual currency grows in popularity. *Facebook has bought Bangalore-based mobile technology company Little Eye Labs the U.S. companys first acquisition in India in a deal that highlights the growing interest among global technology groups in the countrys burgeoning start-up scene. *Yahoo has unveiled a suite of new advertising platforms as it battles to reverse the decline in its share of digital ad revenues. Speaking at the Consumer Electronics Show in Las Vegas, Marissa Mayer, chief executive, announced a range of new products from an improved smart TV platform to digital magazines. *Ford chief executive Alan Mulally has moved to scotch speculation that he might move to Microsoft, saying he had no plans to do anything other than serve Ford. *Sony is planning to launch an ambitious cloud TV service later this year in U.S., delivering live content over the internet to its TVs and PlayStations, as its new games consoles gain sales momentum over Microsofts rival Xbox One. Wall Street Journal*Germany's trade surplus was bigger than expected in November as exports rose and imports declined from October, official data showed Wednesday, highlighting the country's dependence on foreign demand. The trade surplus, adjusted for seasonal and calendar effects, swelled to 17.8 billion ($24.3 billion) in November from a revised 16.7 billion in October, the federal statistics office said. Economists polled by The Wall Street Journal had forecast an increase to 17.5 billion. *Thailand's anticorruption agency said Tuesday that it was considering sending a majority of the lawmakers in the lower house to an impeachment trial in the Senate, throwing the country's political outlook further into doubt. *The first batch of lethal chemicals from Syria's arms program was loaded onto a Danish ship, officials said Tuesday, with most of the chemicals set to be transferred to an American vessel to be neutralized. *Turkish Prime Minister Recep Tayyip Erdogan on Tuesday removed an additional 400 police officers from their posts, intensifying his fight against a corruption investigation that plunged his government into crisis in December. *U.K. house prices fell by 0.6% month-on-month in December, the first decline in nearly a year, according to the closely watched Halifax house price index.
*A type of debt that felled many companies during the financial crisis will continue to proliferate in Europe as investors hunt desperately for high yielding bonds, Moody's predicts. But the credit rating agency warned that the riskiness of payment-in-kind notes (or PIKs) would probably climb over the course of 2014 as increasingly weak companies took advantage of investor appetite for high risk, high returning debts. *The success of Ireland's 3.75 billion 10-year bond sale has nurtured optimism that Portugal may be able to escape its bailout program on time as well, after political wrangling looked to have killed that possibility last summer. *Robert Walters, the white-collar recruitment consultant, has said market conditions in Australia "remain challenging" and the stronger Aussie dollar has hurt its results there. New York Times*Consumer prices in the euro zone barely increased last month, raising fears of deflation and putting pressure on the ECB to take further action. Prices in the 17 EU member states that were using the euro in 2013 rose in December at an annual rate of only 0.8%, Eurostat, the EU statistical agency, reported on Tuesday in a first estimate that will be subject to revision in the weeks ahead. *India took aim Wednesday at the privileges enjoyed by American diplomats in New Delhi, warning that the U.S. must stop all "commercial activities" at a popular embassy club that includes a bar, a bowling alley, and other amenities. New Delhi also warned that embassy cars would not be immune to traffic violations. *China says it's beefing up its police powers in the disputed South China Sea and requiring foreign fishermen to ask Beijing's permission to operate within about two-thirds of the vast, strategic waterway. *Indian industrial output probably returned to modest growth in November after shrinking for the first time in four months in October, helped by better overseas demand, a Reuters poll showed. Industrial production in November was expected to grow 1.0% from a year earlier, after shrinking 1.8% in October, according to the median consensus of 20 economists. *Germany's population rose for a third consecutive year in 2013, boosted by the highest level of net migration in 20 years, the Federal Statistics Office said on Wednesday. *Chinese recycling tycoon Chen Guangbiao dialed back his ambitious plans to buy The New York Times Co just over a week after making his intentions public. "The level of difficulty is great," he said through a translator on Tuesday.
Tags: World news
Oryza Global Rice Quotes

January 8th, 2014 Long grain white rice - high quality Thailand 100% B grade 425-435 Vietnam 5% broken 405-415 India 5% broken 400-410 Pakistan 5% broken 385-395 Cambodia 5% broken 460-470 U.S. 4% broken 590-600
Uruguay 5% broken 625-635 Argentina 5% broken 625-635 Long grain white rice - low quality Thailand 25% broken 375-385 Vietnam 25% broken 385-395 Pakistan 25% broken 345-355 Cambodia 25% broken 430-440 India 25% broken 370-380 U.S. 15% broken 570-580 Long grain parboiled rice Thailand parboiled 100% stxd 445-455 Pakistan parboiled 5% broken stxd 420-430 India parboiled 5% broken stxd 385-395 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% 955-965 Vietnam Jasmine 605-615 India basmati 2% broken 1515 -1525 Pakistan basmati 2% broken NQ Cambodia Phka Malis 900-910 Brokens Thailand A1 Super 300-310 Vietnam 100% broken 365-375 Pakistan 100% broken stxd 315-325 Cambodia A1 Super 380-390 India 100% Broken stxd 290-300 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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9th January, 2014 Daily Exclusive Rice E-Newsletter by Riceplus Magazine

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9th January, 2014 Daily Exclusive Rice E-Newsletter by Riceplus Magazine

Hochgeladen von

Copyright:

Verfügbare Formate

9th January , 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

Indonesia Unlikely to Import Rice in 2014

China Celebrates Buddhas Enlightenment with Rice Porridge Festival

U.S. Rice Farmer Takes Case to State Supreme Court

Oryza Quick Glance at World News

Oryza Global Rice Quotes

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

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