14th April, 2014 Daily Global Rice E-Newsletter by Riceplus Magazine

14th April , 2014
TOP Contents - Tailored for YOU Latest News Headlines

PH rice imports to hit 1.2M tons in 2014 International Rice Congress (IRC) 2014 hosted in Bangkok When It Comes To Food, Do You Trust Science Or A Yogic Flying Instructor? Oryza Rice Currency Analysis for Today Pakistan Rupee Up 0.7% Oryza Afternoon Recap - Chicago Rough Rice Futures See Slight Gain but Finish the Week with a Loss Oryza Afternoon Recap - Chicago Rough Rice Futures See Slight Gain but Finish the Week with a Loss Asia Domestic Rice Prices Show Mixed Trends in March 2014, Says FAO Oryza White Rice Index - Vietnam, Pakistan Drag Index Lower Thailand Rice Farmer Incomes Drop Due to Drought, End of Rice Pledging Scheme Oryza Rice Currency Analysis for Today Pakistan Rupee Up 0.7% Oryza Afternoon Recap - Chicago Rough Rice Futures See Slight Gain but Finish the Week with a Loss Oryza Global Rice Quotes Oryza Overnight Recap - Chicago Rough Rice Futures Unchanged Overnight After Recovering from Initial Sell-off Nigeria Rice Sector Can Contribute $9 Billion Yearly to Country's GDP, Says Agriculture Minister USDA Post Expects Argentina Rice Production to Remain at 1.5 Million Tons in MY 2014-15
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Thailand, Vietnam Rice Sellers Increase Some of Their Quotes; Other Asia Rice Quotes Unchanged Today USDA Post Forecasts West Africa Rice Imports to Decline 6% in MY 2014-15 Thailand Rice Farmer Incomes Drop Due to Drought, End of Rice Pledging Scheme
News Detail PH rice imports to hit 1.2M tons in 2014

NFA sets import tender for 800,000 MT this month By Ronnel W. Domingo Philippine Daily Inquirer 4:28 am | Monday, April 14th, 2014 MANILA, PhilippinesA 71-percent jump in the volume of rice imports to the Philippines, totaling 1.2 million metric tons in 2014, is expected to be a key driver of a recovery as well as a new high for global traffic this year, according to the Food and Agriculture Organization (FAO).In its first rice forecast issued this year, the FAO predicted a 5.4-percent rise in the volume of cross-border trade to reach 39.3 million MT from the estimated 37.3 million MT in 2013.That is an increase of more than one million tons on the 38 million tons foreseen just four months agoa new high, FAO assistant director general Hiroyuki Konuma said in a statement.On top of that, global yearend inventory of milled rice is expected to grow for the ninth consecutive year to an estimated 180.5 million tons in 2013, 3.2 percent higher than the volume at the end of the previous year. Given expectations of an overall ample supply in major exporting countries, these harvests could exert additional pressure on export quotations, the report said.Against this backdrop, buying decisions will play an important role, it added. The government of the Philippines has already announced plans to conduct an import tender in April.The National Food Authority has called for tenders for a total of 800,000 MT, the biggest volume in a year so far during the Aquino administration.With some 400,000 MT having arrived as part of a previous tender that closed last December, the Philippines expects a total of at least 1.2 million MT in 2014.With only 700,000 MT brought in during 2013, Philippine imports are expected to balloon by at least 70 percent this year.Based on the FAO forecast, the Philippines would account for the eighth-largest import volume in 2014.China is expected to remain as the biggest rice importer, with shipments seen rising to 3.3 million MT from the estimated 2.7 million MT imported last year.
According to the FAO, the other big importers are Nigeria (2.8 million MT), Iran and Iraq (1.5 million MT each), Saudi Arabia and South Africa (1.4 million MT each), and Cote dIvoire (1.3 million). However, among the top importers, the Philippines showed the biggest yearly increase in inbound shipments.The UN agency noted that ample supply in exporting countries, due to large harvests adding to large inventories, were intensifying competition for markets.The FAOs latest Rice Market Monitor report point to a third consecutive season of subdued growth in global palay output, pencilled in at 0.8 percent over the 2013 estimate to reach 751 million tons this year.
Image:A 71-percent jump in the volume of rice imports to the Philippines, totaling 1.2 million metric tons in 2014, is expected to be a key driver of a recovery as well as a new high for global traffic this year, according to the Food and Agriculture Organization (FAO). Photo taken from agriculture-ph.com
International Rice Congress (IRC) 2014 hosted in Bangkok

Apr 13, 2014 Thailand is to play host to the International Rice Congress (IRC) 2014 in Bangkok during October 27-November 1.Minister of Agriculture and Cooperatives Yukol Limlaemthong said it was both an honor and a great opportunity for Thailand to have been chosen as the host of the 4th IRC this year.In conjunction with the International Rice Research Institute, the event will be organized under the title Rice for the World.The ministry has convened a meeting with relevant agencies, such as the Rice Department, the Thai Rice Foundation and research institutes, on the preparations for the rice congress.Mr Yukol revealed that a meeting of the Council for Partnership in Rice Research in Asia and the 29th International Rice Research Conference would be held as part of the IRC. Moreover, there will be exhibitions on rice research as well as related innovations and technologies.The minister stated that the upcoming congress was aimed at fostering networks among rice researchers at the international level to facilitate the exchange of knowledge concerning the cash crop. He was also confident that
the event would help promote the quality and uniqueness of Thai rice and further Thailands cooperation with neighboring countries in related fields.The IRC 2014 will be held at the Bangkok International Trade and Exhibition Center (BITEC) from October 27 to November 1.Approximately 1,500 participants, comprising researchers, academics, private entrepreneurs, exporters and importers, are expected.
When It Comes To Food, Do You Trust Science Or A Yogic Flying Instructor?

By Hank Campbell | April 13th 2014 06:00 AM | Professional forester and writer Norm Benson recently got a healthy dose of anti-science environmentalism, because he wrote an article endorsing a vitamin-enriched bowl of rice that, nonetheless, is protested by Greenpeace, Union of Concerned Scientists and everyone else who hates science more than they love children.Golden Rice defies every anti-science convention that left-wing activists throw in front of biology. It is not controlled by Monsanto or any other company, it cannot possibly express anything harmful in humans, and it can't have any effect on the environment. All it can do is save 18 million children from dying due to vitamin A deficiency and another 18 million from going blind. That's the number of kids that have been harmed while environmental groups have worked peasant hordes into a rage and gotten them to attack Golden Rice fields.Sputtering that evil biological tinkerers took a gene from corn and put it into rice and that turns it into Frankenfood just makes activists look dopey. They don't even know enough science to be wrong, they don't know any and don't want to know any. The critics of genetically modified food are a small cabal of crackpots like Jeffrey Smith, transcendental meditationist and yogic flyer, sprinkled with a few outlier scientists who should know better but intentionally misrepresent the technology to create cultural confusion.Expect them to put on their anti-science fte at the next American College of Nutrition Annual Conference, since the moderator is supplement guru Dallas L. Clouatre, who throws around terms like pleiotropy to sound science-y but also endorses known fraud and anti-GMO activist Gilles-Eric Seralini and makes his living selling alternative cures. As with the recent food conference in Ireland, the scientists invited will simply be stoic punching bags for the fear and doubt pandering of the falsely equivalent opposition.Benson rightly ridicules the "let them eat kale" mentality of progressive first world elites who raise money insisting poor people can buy organic food. He quotes Science 2.0 contributor Kevin Folta, who said, "It is easy to stand against a technology with a full belly and 20/20 vision."Indeed it is. If activists can do better science, do better science. If their plan will feed
the world, stop spending donations on new fundraising campaigns and help feed people.Not everyone is on board with the kookier American and ridiculously anti-science European fundraising techniques, which consist of demonizing anything the left wing distrusts, like food, medicine and energy. David Ritter of Greenpeace Australia-Pacific is apparently quite reasonable for an environmentalist. He says he is pro-vaccine and flouride in water, hesitant on nuclear power (in Greenpeace-speak, that means against) but says that GM crops are not an issue that Greenpeace Australia-Pacific is campaigning about now. With those beliefs, he'd be thrown out of the gang. Heck, he'd practically have to be a Republican in America.It's almost as if environmentalists in Australia are like American environmentalists were before 1960; sane, taking each issue on its own merits, and actually concerned more about the environment than endorsing social engineering positions to create a fundraising umbrella.Greenpeace long ago left normalcy behind, so tread cautiously, Mr. Ritter. One of their co-founders, Canadian ecologist Patrick Moore, said they are wrong on GMOs also and for that, they removed him from their history.
Oryza Rice Currency Analysis for Today Pakistan Rupee Up 0.7%

Apr 11, 2014
U.S. dollar index was up +0.13% from the open today, when it traded at 79.490 at the close. Euro was weaker -0.03% by the close, trading around 1.3882 by end of day, after trading between an intraday high of 1.3906 and low of 1.3864. Thai baht was weaker -0.07%, trading at 32.295 at the close of business. Indian rupee was weaker -0.18% at 60.1763. Brazilian real was weaker -0.52% at the close of trading today, trading at 2.2184 reais per dollar. Pakistan rupee was +0.69% stronger at 96.550. Vietnamese dong was weaker -0.01% at 21097. Mexican peso was stronger +0.06% today, when it traded at 13.0547 pesos per dollar by the close of business. Chinese yuan was stronger +0.03%, trading at 6.2104. Argentine peso was weaker -0.01% at 8.0010 pesos per dollar.
Tags: foreign exchange rates, rice currencies, rice trade, Pakistan rupee
Oryza Afternoon Recap - Chicago Rough Rice Futures See Slight Gain but Finish the Week with a Loss
Apr 11, 2014
Chicago rough rice futures for May delivery settled 2 cents per cwt (about $0.44 per ton) higher at $15.655 per cwt (about $345 per ton). Rough rice futures finished the day slightly higher after a session of back-and-forth trading. Todays trade activity was once again dominated by action in the May/July spread as large traders continue to roll positions forward ahead of the delivery period. Although the market made a firm recovery over the past two trading sessions it was not enough to push the market to a gain for the week. This week prices fell from $15.720 per cwt (about $347 per ton) at the open for Mondays session, to todays close 6.5 cents per cwt (about $1 per ton) lower. The bulls were able to push prices beyond nearby technical resistance at $15.640 per cwt (about $345 per ton) provided by the 10-day moving average. Todays action provides a positive outlook for trading early next week, with the upper Bollinger band at $15.770 per cwt (about $348 per ton) acting as the current price objective. The other grains finished lower today; soybeans closed about 1.3% lower at $14.6300 per bushel; wheat finished about 0.3% lower at $6.6025 per bushel, and corn finished the day about 0.6% lower at $4.9850 per bushel. U.S. stocks declined sharply for a second session Friday, with the Dow Jones Industrial Average on track for its first weekly drop in four, after a major US bank posted disappointing earnings and clothing retailers reported a decline in sales. Friday's economic reports had the Labor Department reported U.S. producer prices rose the most in nine months in March as the cost of food and services climbed. Wall Street bypassed a report that had U.S. consumer sentiment rising in April to a nine-month high, with the Thomson Reuters/University of Michigan's preliminary April read on confidence coming in at 82.6 versus 80.0 in March. The Dow Jones Industrial Average was lately off 129.25 points, or 0.8%, to 16,040.97. After fluctuating between gains and losses, the S&P 500 declined 10.39 points, or 0.6%, to 1,822.69, with consumer discretionary hardest hit among its 10 major sectors. The Nasdaq shed 28.49 points, or 0.2%, to 4,025.61. Gold is trading about 0.2% lower, crude oil is seen trading about 0.6% higher, and the U.S. dollar is seen trading marginally higher at about 1:30pm Chicago time.Thursday, there were 841 contracts traded, down from 954 contracts traded on Wednesday. Open interest the number of contracts outstanding on Thursday decreased by 76 contracts to 8,933.
Tags: U.S. rice prices; U.S. rice market; Chicago rough rice futures
Asia Domestic Rice Prices Show Mixed Trends in March 2014, Says FAO
rice prices in Asia show mixed trends in March 2014, according to the UN's Food and Agricultural Organization (FAO). It says that prices increased in Myanmar, Philippines and Indonesia, while those in Thailand and
Domestic
Vietnam declined in March 2014. However, prices remained almost unchanged in Cambodia, China and Bangladesh.In Myanmar, wholesale prices of rice continued to increase in March, due to a reduced output of the 2013 main season and unfavorable prospects for the 2013-14 secondary season harvest. However a slowdown in exports, particularly to its largest destination China, due to the appreciation of the national currency prevented higher price increases, the FAO says.
In the Philippines, domestic prices reached record levels in March 2014 despite the ongoing 2013-14 secondary season harvest due to reduced cross-border imports. To stabilize prices, the government has announced the import of 800,000 tons of rice. Prices in Indonesia increased due to concerns about flood damage to the 2014 crop, says the FAO. According to the FAO, wholesale prices in Vietnam declined in March 2014 due to increased supplies from the ongoing 2013-14 main season winter-spring crop and weaker export demand. The one million ton stock procurement plan announced by the government failed to provide support to the prices as most of the enterprises were unwilling to purchase rice from farmers. Domestic prices in Thailand declined due to increased sales by the government and increased farmers' direct sales in the domestic market following the suspension of the paddy pledging scheme in February. The 2013-14 secondary season paddy crop harvest is also putting downward pressure on prices, says FAO. Prices in Cambodia remained stable due to adequate supplies from the 2013 main season crop and the onset of the 2013-14 secondary season harvest. Chinese rice prices remained stable due to strong demand and high minimum support prices (MSP). Prices in Bangladesh were also supported by government's procurement
program to procure 400,000 tons of rice from December 2013 to March 2014. Indian rice prices were stable due to sustained demand and large government purchases at high support prices, according to the FAO.Export prices in Asia were under much downward pressure due to heavy sales of rice from public stocks in Thailand. The benchmark Thai white 100%B declined by around 8% to $430 per ton in March 2014, the lowest since August 2010. Decline in Thai rice prices and increasing supplies put downward pressure on export prices in India and Vietnam as well. However, export prices in Pakistan are being supported by a strong currency. The FAO All Price Index Price was almost stable at 264 points in March 2014 as a small increase in the Japonica and lower quality Indica rice prices helped compensate for a significant drop in higher quality Indica rice.
Tags: Food and Agricultural Organization (FAO), global rice prices, Asia rice prices, Japonica rice prices, Indica rice prices
Oryza White Rice Index - Vietnam, Pakistan Drag Index Lower

Apr 11, 2014
The Oryza White Rice Index, a weighted average of global white rice export quotes, ended the week at $452 per ton, down about $1 per ton from a week ago, down about $3 per ton from a month ago and down about $33 per ton from a year ago. The FAO All Rice Price Index increased 0.4% m/m in March to reach 238 points, one
point higher than in February. Global milled rice production, according to the U.N.s Food and Agriculture Organization (FAO), may reach a record 500.7 million tons (about 751 million tons basis paddy) in 2014. Global rice trade is expected to increase to about 39.3 million tons, up about 1 million tons from FAOs previous forecast in November. According to the USDA Post, rice production in EU-28 is now expected to decline in MY 2014-15 (SeptemberAugust) to about 1.9 million tons (basis milled). This is about 1% lower than USDA official estimates and about 9% less than in MY 2013-14. Thailand Thailand 5% broken rice is today quoted at about $385 per ton, unchanged from a week ago, down about $30 per ton from a month ago, and down about $155 per ton from a year ago. Thailand exported about 1.4 million tons of rice in January and February this year, about 40% more than the same period in 2013, according to the Thai Rice Exporters Association (TREA). Rice farmers in Thailand are experiencing lower incomes due to ongoing drought and the discontinuation of the rice pledging scheme. Some farmers still havent been paid by the government for rice they pledged before the program ended and many farmers may not recover their production costs this year, which may result in selling their land to pay their debts. India India 5% broken rice ended the week at about $430 per ton, unchanged from a week ago, up about $5 per ton from a month ago, down about $10 per ton from a year ago. Rice stocks in the central pool were 30.25 million tons as of April 1, down about 15% from the same time last year, according to the Food Corporation of India (FCI). FAO predicts India will retain its place as the worlds largest rice exporter in 2013, even though exports there may decline due to reduced Iranian demand. Vietnam Vietnam 5% broken rice is today shown at about $385 per ton, down about $5 per ton from a week ago, up about $5 per ton from a month ago, and unchanged from a year ago. The Vietnamese governments rice procurement plan hasnt worked as hoped because enterprises arent purchasing enough rice from farmers, despite interest-free loans. Prices have dropped slightly as a result. Vietnams rice exports are also facing stiff competition from Thailand in the second quarter of 2014,
according to the Vietnam Food Association (VFA). Vietnam exported about 331,439 tons of rice in February, about 4% less than in February 2013, according to the USDA. About 91% of these exports were to other Asian countries this is about 16% more to Asian countries than Vietnam shipped in February 2013. Pakistan Pakistan 5% broken rice today shown at about $405 per ton, down about $5 per ton from a week ago, up about $5 per ton from a month ago and down about $20 per ton from a year ago. Pakistani rice exporters are hoping to increase sales by re-exporting Indian rice, according to local sources. They have asked for the opening of the Wagah-Lahore border with India. Pakistan exporters are struggling to stay competitive and many Pakistani rice farmers are disadvantaged due to Indias subsidy on rice and its status as a most-favored nation (MFN) under WTO rules. After a three-month steady decline, the average basmati rice export prices in Pakistan recovered (in terms of USD per ton) in March, reaching about $1,362 per ton. This recovery is mainly due to the strengthening of the rupee against the USD. Brazil Brazil 5% broken rice today quoted at about $665 per ton, unchanged from a week and a month ago. The Brazilian paddy rice index maintained by CEPEA stood at around 34.7 real per 50 kilograms as of April 7, 2014, up about 2% from around 33.98 real per 50 kilograms recorded a week earlier on March 31, 2014. In terms of USD per ton, the index stood at around $309 per ton on April 7, 2014, up about 3% from around $301 per ton seen on March 31, 2014. Argentinas milled rice production is expected to remain stable at 1.5 million tons in MY 2014-15 (AprilMarch), according to the USDA Post. Uruguay and Argentina 5% broken rice is today shown at about $625 per ton, unchanged from a week, a month and a year ago. U.S. U.S. 4% broken rice ended the week at about $585 per ton, unchanged from a week and a month ago, and down about $45 per ton from a year ago. The USDA expects U.S. rice exports to decline to about 4.4 million tons in MY 2013-14 (August-July), about 9% less than MY 2012-13, due to lower demand from some markets. They also expect U.S. total rice stocks to decline to about 1.24 million tons in MY 2013-14, about 25% lower than in MY 2012-13.
Chicago rough rice futures for May delivery dropped this week as the market reacted to bearish headlines and the USDA report, reaching a low of $15.505 per cwt (about $342 per ton) on Wednesday. Futures then began to recover and climbed until reaching $15.665 per cwt (about $345 per ton) on Friday. Other Markets: Cambodia 5% broken rice quotes today shown at about $455 per ton, down about $10 per ton from a week ago and down about $10 per ton from a month ago. The USDA Post expects Kazakhstans rice production to increase to 334,700 tons in 2014, only about 2,100 tons more than in 2013. Rice imports to Algeria have increased to about 119,085 tons in 2013, about 10% more than in 2012, according to the USDA Post. The USDA Post predicts that Turkeys rice imports will decline to about 290,000 tons in MY 2014-15 (September-August), about 12% less than the previous year, mostly due to weakening currency. Uncertainty surrounding local elections last month and Presidential Elections in August is also a factor. Myanmars rice production is expected to increase to about 1.31 million tons in 2015, about 1% higher than the estimate for 2014, due to higher production and strong global demand. Iraq is looking to purchase at least 30,000 tons of long grain, fragrant, and parboiled rice from the U.S., Uruguay, Argentina, Brazil, Thailand, and Vietnam, with applications due April 20 and delivery JulyAugust. This is the first time Iraq is including Thailand since they stopped purchasing rice from them eight months ago in 2013 over complaints of quality and weight. Rice production in Russia is expected to increase to about 650,000 tons (basis milled) in 2014, about 7% more than in 2013, according to the USDA Post. Rice stocks in the Philippines were about 1.78 million tons as of March 1, which is about 8% less than the same time last year, according to the Bureau of Agricultural Statistics (BAS). The USDA Post anticipates Chinas rice imports will increase to about 4 million tons in MY 2014-15 (JulyJune), up about 14% from the previous year, mostly due to high domestic prices and increased comsumption. Taiwan may import 136,000 tons of rice in MY 2013-14 (January 2014-December 2014), about 8% over its CSQ limit under WTO rules, according to the USDA Post. The USDA Post predicts that South Korea will import about 410,000 tons of rice in MY 2014-15 (NovemberOctober) under the Most Favored Nation (MFN) quota allocations as the country plans to liberalize the rice market by the end of the year.
The Indonesian government plans to reformulate rules for the importation of premium rice in efforts to prevent illegal rice imports, according to local sources. Spending on rice imports have increased twelve fold during the first eight months of FY 2013-14 (July 2013June 2014) in Bangladesh, compared to the same period in FY 2012-13. Rice production in Dominican Republic is expected to increase to about 542,000 tons (about 809,000 tons, basis paddy), in MY 2014-15 (July-June), according to the USDA Post. This is about 0.4% higher than the estimate for MY 2013-14. The USDA Post anticipates Australias rice paddy production to decline to about 907,000 tons in MY 2013-14 (March-February), about 22% less than the previous year. Lower yields are expected. Sri Lanka has removed all taxes on rice imports due to drought conditions this year, in efforts to improve supplies in the country. Contraband rice exports into Colombia from Venezuela have reached record highs in the last two years, according to the USDA Post. They estimate that these unofficial rice exports account for about 300,000 tons, or about 78% of total annual rice production for the country and rice farmers in Colombia are planning to protest against their losses this week. The USDA Post predicts that milled rice imports by West African countries (Cote dIvoire, Senegal, Mali, and Burkina Faso) will decline by 6% in MY 2014-15 (October-September), reaching 5.6 million tons, due to increased production.
Tags: global rice quotes, Oryza White Rice Index (WRI), weekly rice recap, Rice market, global rice market
Thailand Rice Farmer Incomes Drop Due to Drought, End of Rice Pledging Scheme
Apr 11, 2014
Thailand rice farmers are concerned about falling incomes due to ongoing drought and the discontinuation of the government rice pledging scheme in the end of February 2014.Local sources say that water levels in rivers
and reservoirs in central Thailand have reached their lowest levels, and rice fields are deprived of sufficient water supply. Rice farmers have to use pumps to irrigate their rice fields, which is increasing production costs and lowering yields.Local sources say that farmers are already facing losses because paddy purchase prices in the open market have declined to around $190 per ton compared to $457 per ton paid by the government under the rice pledging scheme which was discontinued in February 2014 due to political uncertainty. Rice farmers in Thailand say that they may fail to recover production costs this year if situation persists. Conditions are worse for those farmers still waiting to be paid by the government for the rice they pledged. Local sources say some farmers planning to sell their lands to repay their debts due to financial problems.Farmers' associations have urged the government to find a solution soon. However, local sources say that rice farmers are unlikely to get any help soon due to the ongoing political instability in the country.A study by the University of the Thai Chamber of Commerce (UTCC) shows that Thai farmers' have lowest incomes among the ASEAN countries. It says that production costs in Thailand are about 139% higher compared to Vietnam and 37% higher compared to Myanmar.
Tags: Thailand rice farmer income, Thailand rice production costs, Thailand rice mortgage program, Thailand paddy rice purchase prices, University of the Thai Chamber of Commerce (UTCC)
Oryza Rice Currency Analysis for Today Pakistan Rupee Up 0.7%

Apr 11, 2014
U.S. dollar index was up +0.13% from the open today, when it traded at 79.490 at the close. Euro was weaker -0.03% by the close, trading around 1.3882 by end of day, after trading between an intraday high of 1.3906 and low of 1.3864. Thai baht was weaker -0.07%, trading at 32.295 at the close of business. Indian rupee was weaker -0.18% at 60.1763. Brazilian real was weaker -0.52% at the close of trading today, trading at 2.2184 reais per dollar. Pakistan rupee was +0.69% stronger at 96.550. Vietnamese dong was weaker -0.01% at 21097. Mexican peso was stronger +0.06% today, when it traded at 13.0547 pesos per dollar by the close of business. Chinese yuan was stronger +0.03%, trading at 6.2104. Argentine peso was weaker -0.01% at 8.0010 pesos per dollar.
Tags: foreign exchange rates, rice currencies, rice trade, Pakistan rupee
Oryza Afternoon Recap - Chicago Rough Rice Futures See Slight Gain but Finish the Week with a Loss
Apr 11, 2014
Chicago rough rice futures for May delivery settled 2 cents per cwt (about $0.44 per ton) higher at $15.655 per cwt (about $345 per ton). Rough rice futures finished the day slightly higher after a session of back-and-forth trading. Todays trade activity was once again dominated by action in the May/July spread as large traders continue to roll positions forward ahead of the delivery period. Although the market made a firm recovery over the past two trading sessions it was not enough to push the market to a gain for the week. This week prices fell from $15.720 per cwt (about $347 per ton) at the open for Mondays session, to todays close 6.5 cents per cwt (about $1 per ton) lower. The bulls were able to push prices beyond nearby technical resistance at $15.640 per cwt (about $345 per ton) provided by the 10-day moving average. Todays action provides a positive outlook for trading early next week, with the upper Bollinger band at $15.770 per cwt (about $348 per ton) acting as the current price objective. The other grains finished lower today; soybeans closed about 1.3% lower at $14.6300 per bushel; wheat finished about 0.3% lower at $6.6025 per bushel, and corn finished the day about 0.6% lower at $4.9850 per bushel.U.S. stocks declined sharply for a second session Friday, with the Dow Jones Industrial Average on track for its first weekly drop in four, after a major US bank posted disappointing earnings and clothing retailers reported a decline in sales. Friday's economic reports had the Labor Department reported U.S. producer prices rose the most in nine months in March as the cost of food and services climbed. Wall Street bypassed a report that had U.S. consumer sentiment rising in April to a nine-month high, with the Thomson Reuters/University of Michigan's preliminary April read on confidence coming in at 82.6 versus 80.0 in March. The Dow Jones Industrial Average was lately off 129.25 points, or 0.8%, to 16,040.97. After fluctuating between gains and losses, the S&P 500 declined 10.39 points, or 0.6%, to 1,822.69, with consumer discretionary hardest hit among its 10 major sectors. The Nasdaq shed 28.49 points, or 0.2%, to 4,025.61. Gold is trading about 0.2% lower, crude oil is seen trading about 0.6% higher, and the U.S. dollar is seen trading marginally higher at about 1:30pm Chicago time.Thursday, there were 841 contracts traded, down from 954 contracts traded on Wednesday. Open interest the number of contracts outstanding on Thursday decreased by 76 contracts to 8,933.
Oryza Global Rice Quotes

April 14th, 2014
Long grain white rice - high quality Thailand 100% B grade 395-405 Vietnam 5% broken 380-390 India 5% broken 425-435 Pakistan 5% broken 400-410 Cambodia 5% broken 440-450 U.S. 4% broken 580-590 Uruguay 5% broken 620-630 Argentina 5% broken 615-625 Long grain white rice - low quality Thailand 25% broken 345-355 Vietnam 25% broken 345-355 Pakistan 25% broken 365-375 Cambodia 25% broken 410-420 India 25% broken 380-390 U.S. 15% broken 555-565
Long grain parboiled rice Thailand parboiled 100% stxd 425-435 Pakistan parboiled 5% broken stxd 425-435 India parboiled 5% broken stxd 410-420 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% 940-950 Vietnam Jasmine 480-490 India basmati 2% broken 1515 -1525 Pakistan basmati 2% broken NQ Cambodia Phka Malis 855-865 Brokens Thailand A1 Super 300-310 Vietnam 100% broken 325-335 Pakistan 100% broken stxd 330-340 Cambodia A1 Super 355-365 India 100% Broken stxd 305-315 Egypt medium grain brokens NQ U.S. pet food 470-480 Brazil half grain 345-355
Medium grain milled U.S. Calrose 4% broken Egypt medium grain 6%
1070-1080 NQ
All prices USD per ton, FOB vessel, oryza.com
Oryza Overnight Recap - Chicago Rough Rice Futures Unchanged Overnight After Recovering from Initial Sell-off
Apr 11, 2014
Chicago rough rice futures for May delivery are currently paused unchanged overnight at $15.635 per cwt (about $345 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 0.5% lower, wheat was paused about 0.7% lower, and corn is noted about 0.1% lower. U.S. stock index futures fell on Friday, after results from JPMorgan Chase and Wells Fargo kicked off bank earnings season for the first quarter and after the government reported U.S. producer prices jumped in March. In Washington D.C., the International Monetary Fund and World Bank spring meetings start on Friday. Speeches from a number of central bankers are scheduled, including European Central Bank President Mario Draghi. In addition, the preliminary reading of April's University of Michigan sentiment survey is out on Friday, along with March PPI (producer price index) data. U.S. stocks were pummeled on Thursday, in a selloff that started in the momentum namesfirst biotechs and then techs listed on the Nasdaq exchange. The biggest casualty was the Nasdaq itself, which saw its biggest one-day decline since November 2011. U.S. stock index futures are currently trading about 0.4% lower, gold is currently trading slightly lower, crude oil is seen trading about 0.1% lower, and the U.S. dollar is currently trading about 0.2% higher at 8:00am Chicago time.
Nigeria Rice Sector Can Contribute $9 Billion Yearly to Country's GDP, Says Agriculture Minister
Apr 11, 2014
Nigeria's rice sector is capable of contributing about $9 billion to the country's gross domestic product (GDP) once new investments on facilities for rice production and processing become fully operational, the agriculture minister told local sources.The minister says that Nigeria produced about 1.9 million tons of rice in the 2013 wet and dry seasons. He added that the rice sector has contributed about N320 billion (around $2 billion) to the nations GDP and has helped creating about 670,000 jobs locally. He is hopeful that the country's milled rice production would reach 2.9 million tons in 2014 and that Nigeria would soon become self-sufficient in rice production and a potential exporter of rice.
The minister says that the government has taken various initiatives boost rice production in the country. Rice farmers are encouraged to adopt high yielding varieties such as Faro 45 and 52, with yield capacities of 6 to 7 tons per hectare against traditional rice varieties which yield only 1.5 to 2 tons per hectare, he says.As part of the Growth Enhancement Support Scheme (GES) for the improvement of the rice value chain under the Agriculture transformation Agenda (ATA), the government is extending financial support to all stakeholders of the rice value chain, the minister says. Farmers are also provided with subsidized inputs and mechanization services through Agricultural Equipment Hiring Service (AEHE). He also says that the government is working towards building rice mills with larger capacities. According to the minister, prior to the launch of the ATA in 2011, only one integrated rice mill was in place but twelve large-scale integrated mills have been set up since then and another 60,000 ton capacity mill is expected to be ready by June 2014.Nigeria is planning to ban rice imports by 2015, but reaching self sufficiency in rice remains a challenge. According to the USDA, Nigeria is expected to produce about 2.8 million tons of rice in MY 2013-14 against a consumption of about 6 million tons.
Tags: Nigeria rice sector, Nigeria rice production, Nigeria rice consumption, nigeria rice imports, Nigeria Agriculture transformation Agenda (ATA)
USDA Post Expects Argentina Rice Production to Remain at 1.5 Million Tons in MY 2014-15
The USDA Post says that Argentina milled rice production is expected to remain at 1.5 million tons in MY 2014-15
(April March), unchanged from MY 2013-14 due to no significant changes in planted area.The Post estimates planted area in MY 2014-15 to remain at last year's level of 232,000 hectares and says that farmers' incomes may not change significantly because increasing production costs will offset gains due to high prices.Argentina's rice consumption is expected to increase to 410,000 tons in MY 2014-15, up from 405,000 tons in MY 2013-14. The Post says the demand for rice in Argentina is stable and does not change much with fluctuations in price.
The Post estimates Argentina's MY 2014-15 rice exports to reach around 600,000 tons, unchanged from last year as it expects no significant changes in production, domestic consumption and stocks from that of last year. Brazil, Iran and Iraq are main markets for Argentine rice. The Post says that Argentina is currently in the process of shipping 120,000 tons of rice for Iraq and expects more orders in future. Venezuela has also shown interest to buy rough rice from Argentina, says the USDA Post.The Post expects Argentinas rice ending stocks to decline to 170,000 tons in MY 2014-15, down 15% from 200,000 tons in MY 2013-14 due to a good export performance and stable consumption. The Post reports that the Argentina government does not provide production or processing subsidies for rice but levies a tax of 5-10% on rice exports.
Tags: Argentina rice production, Argentina rice consumption, Argentina rice exports, Argentina rice stocks, Argentina rice export destinations, Argentina rice area
Thailand, Vietnam Rice Sellers Increase Some of Their Quotes; Other Asia Rice Quotes Unchanged Today
Apr 11, 2014
Thailand rice sellers increased their quotes for parboiled rice by about $5 per ton to about $425 - $435 per ton today. Vietnam rice sellers increased their quotes for 100% broken rice and Jasmine rice by about $5 per ton and $10 per ton to about $330 - $340 per ton and $490 - $500 per ton respectively. India and Pakistan rice sellers kept their quotes mostly unchanged. 5% Broken Rice Thai 5% rice (of new crop) is quoted around $380 - $390 per ton, on par with Viet 5% rice shown around $380 $390 per ton. Indian 5% rice is quoted around $425 - $435 per ton, about a $25 per ton premium over Pak 5% rice quoted around $400 - $410 per ton. 25% Broken Rice Thai 25% rice of the old crop is quoted about $345 - $355 per ton, about a $5 per ton discount to Viet 25% rice shown around $350 - $360 per ton. Indian 25% rice is quoted around $380 - $390 per ton, about a $15 per ton premium over Pak 25% rice quoted around $365 - $375 per ton. Parboiled Rice Thai parboiled rice of the old crop is quoted around $425 - $435 per ton, up about $5 per ton from yesterday. Indian parboiled rice is quoted around $410 - $420 per ton, about $15 per ton discount to Pak parboiled rice quoted around $425 - $435 per ton. 100% Broken Rice
Thai broken rice, A1 Super, of the old crop is quoted around $300 - $310 per ton, about a $30 per ton discount to Viet broken rice shown around $330 - $340 per ton, up about $5 per ton from yesterday. Indian broken sortexed rice is quoted around $305 - $315 per ton, about a $25 per ton discount to Pak broken sortexed rice quoted around $330 - $340 per ton.
Tags: Asia rice quotes, Thailand rice quotes, India rice quotes, Pakistan rice quotes, Vietnam rice quotes
USDA Post Forecasts West Africa Rice Imports to Decline 6% in MY 2014-15

The USDA Post estimates milled rice imports by West African countries - Cote dIvoire, Senegal, Mali and Burkina Faso - to decline by 6% in MY 2014-15 (October September) due to increased production. The Post forecasts West Africa's milled rice production to reach 5.6 million tons in MY 2014-15, up 10% from an estimated 5 million tons in MY 2013-14. The Post expects milled rice production of the selected West African
countries to increase to 5 million tons in MY 2013-14, up about 11% from 4.5 million tons in MY 2012-13 despite most of the countries being affected by a bad cropping season with delayed rains and prolonged dry spells.The Post estimates milled rice production in Burkina Faso to decline to 200,000 tons in MY 2013-14, down about 5% from 210,000 tons produced in MY 2012-13. The Post estimates MY 2013-14 milled rice production in Cote dIvoire to increase to 1.2 million tons, up 20% from about 1 million tons produced in MY 2012-13 due to the effective implementation of the Revised National Rice Strategy by the Government of Cote dIvoire (GOCI) to boost production.The Post expects MY 2013-14 milled rice production of Mali to increase to 1.4 million tons, up 14% from 1.2 million tons in MY 2012-13 due to an improvement of irrigated systems. However, the Post estimates MY 2013-14 milled rice production of Senegal to decline to 290,000 ton, down 9% from 320,000 tons produced in MY 2012-13 due to a late start of the rainy season. With such slow progress, the Post believes that it may be difficult for the Government of Senegal (GOS) to reach its self-sufficiency goal of one million tons milled rice by 2017.The Post estimates milled rice consumption in selected countries to increase to 8.8 million tons in MY 2014-15, up about 7% from an estimated 8.2 million tons in MY 2012-13. It also estimates consumption to increase by 7% to 8.2 million tons in MY 2013-14 from 7.7 million tons in MY 2012-13. The Post estimates MY 2013-14 rice consumption for Burkina Faso at 480,000 tons with a per capita consumption of 35 kilograms per person per year. It estimates Cote dIvoire consumption at 1.8 million tons with a per capita consumption of 71 kilograms per person per year. The Post estimates MY 2013-14 Mail per capita rice consumption at 76 kilograms per person per year. The Pose estimates Senegalese rice consumption at 1.4 million tons in MY 2013-14.The Post estimates milled rice imports of the selected West African countries for MY 2013-14 to remain stable compared to MY 2012-13. The Post estimates imports of Burkina Faso to increase to 280,000 tons in MY 2013-14, up 10% from last year. It estimates Cote dIvoire exports to decline by 13% to 1 million tons due to an increase in local rice production. The GOCI expects exports to decline by 30% over previous year as it aims to increase rice production to reduce imports and ensure food security. Cote dIvoire imports rice from Vietnam, Thailand and India. The Post estimates Malian rice imports to increase by 7% to 149,800 tons in MY 2013-14 due to a small rice production increase this year. The Post estimates Senegal rice imports in MY 2013-14 to increase by 10% to 1.1 million tons due to a reduction in local production during the year. Senegal mostly imports rice from India, Thailand and Brazil.The Post reports that Cote dIvoire is determined to achieve self-sufficiency in rice by producing 2 million tons of rice by 2020. The government is also planning to ensure food security and start exporting rice by 2016.
Tags: West Africa rice production, West Africa rice consumption, West Africa rice imports, Cote dIvoire, Senegal, Mali, Burkina Faso
Thailand Rice Farmer Incomes Drop Due to Drought, End of Rice Pledging Scheme
Thailand rice farmers are concerned about falling incomes due to ongoing drought and the discontinuation of the government rice pledging scheme in the end of February 2014.Local sources say that water levels in rivers and reservoirs in central Thailand have reached their lowest levels, and rice fields are deprived of sufficient water supply. Rice farmers have to use pumps to irrigate their rice fields, which is increasing production costs and lowering yields.
Local sources say that farmers are already facing losses because paddy purchase prices in the open market have declined to around $190 per ton compared to $457 per ton paid by the government under the rice pledging scheme which was discontinued in February 2014 due to political uncertainty.Rice farmers in Thailand say that they may fail to recover production costs this year if situation persists. Conditions are worse for those farmers still waiting to be paid by the government for the rice they pledged. Local sources say some farmers planning to sell their lands to repay their debts due to financial problems. Farmers' associations have urged the government to find a solution soon. However, local sources say that rice farmers are unlikely to get any help soon due to the ongoing political instability in the country.A study by the University of the Thai Chamber of Commerce (UTCC) shows that Thai farmers' have lowest incomes among the ASEAN countries. It says that production costs in Thailand are about 139% higher compared to Vietnam and 37% higher compared to Myanmar.
Tags: Thailand rice farmer income, Thailand rice production costs, Thailand rice mortgage program, Thailand paddy rice purchase prices, University of the Thai Chamber of Commerce (UTCC)
Advertising SPECS & RATES Contact: Advertising Department Mujahid Ali mujahid.riceplus@gmail.com +92 321 369 2874

14th April, 2014 Daily Global Rice E-Newsletter by Riceplus Magazine

Hochgeladen von

Dokumentinformationen

Originaltitel

Copyright

Verfügbare Formate

Dieses Dokument teilen

Dokument teilen oder einbetten

Freigabeoptionen

Stufen Sie dieses Dokument als nützlich ein?

Sind diese Inhalte unangemessen?

Copyright:

Verfügbare Formate

14th April, 2014 Daily Global Rice E-Newsletter by Riceplus Magazine

Hochgeladen von

Copyright:

Verfügbare Formate

14th April , 2014

TOP Contents - Tailored for YOU Latest News Headlines

News Detail PH rice imports to hit 1.2M tons in 2014

International Rice Congress (IRC) 2014 hosted in Bangkok

When It Comes To Food, Do You Trust Science Or A Yogic Flying Instructor?

Oryza Rice Currency Analysis for Today Pakistan Rupee Up 0.7%

Oryza White Rice Index - Vietnam, Pakistan Drag Index Lower

Oryza Rice Currency Analysis for Today Pakistan Rupee Up 0.7%

Oryza Global Rice Quotes

Medium grain milled U.S. Calrose 4% broken Egypt medium grain 6%

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

USDA Post Forecasts West Africa Rice Imports to Decline 6% in MY 2014-15

Das könnte Ihnen auch gefallen