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TOP Contents - Tailored for YOU
Latest News Headlines
Iran is Need of a Green Revolution
Oryza Global Rice Quotes
EU Reconsiders Expiry Dates on Rice in Efforts to Curb Food Waste
Oryza U.S. Rough Rice Recap - Price Ideas Still at Odds as Farmers Finish Planting
In Times of Drought Thailand Rice Farmers Can Benefit from Crop Rotation
Ten Million Farmers in South Asia and Africa Use Stress-Tolerant Rice Varieties, Claims IRRI
Thailand Finance Ministry Estimates Losses from Rice Pledging Scheme at $15 Billion
Italy Paddy Crop 80% Sold; Five Months until New Crop Harvest
Oryza Rice Currency Analysis for Today Brazil Real Rallies 0.4%
New Chairman of the Cambodia Rice Federation Viewed with Suspicion by Local Media; Agenda Will
Focus on Raising Rice Quality, Lower Borrowing Rates
Bangladesh Rice Imports Soar amid High Domestic Prices
Oryza Afternoon Recap - Chicago Rough Rice Futures Test Multi-Month Support as Bears Continue to
Narrow Old Crop/New Crop Spread
Thailand Agriculturists Association Urges Immediate Payment of Farmers and Paddy Rice Price
Support; Political Crisis at a Stalemate
Colombia Paddy, Rice Prices in May 2014 Decline from Last Month, Last Year
Oryza Overnight Recap - Chicago Rough Rice Futures Mixed Overnight as Pressure Begins to Mount
on July/September Spread
India Rice Sellers Increase Most of Their Quotes; Other Asia Rice Quotes Unchanged Today


News Detail
Iran is Need of a Green Revolution
May 21, 2014
Asian countries may dominate world rice markets but Iran is by far the most significant market for rice in West
and Central Asia. Iran is the regions largest consumer, producer and importer of rice. According to the USDA,
in 2012 Iran consumed over 3.3 million metric tons (MT) of rice while it produced just over 1.5 million MT and
imported 1.7 million MT. Iran therefore consumes more rice than countries including Nepal, Malaysia, and Sri
Lanka while its rice production dwarfs that of Afghanistan, Iran and Turkeys combined. In 2012, Iran was the
worlds third largest rice importer behind China and Nigeria and the worlds largest importer of Basmati rice.

The importance of the Iranian rice market to world rice market price fluctuations was felt during the 2008 rice
crisis as experts pointed to a severe drought affecting the Iranian rice crop as playing a significant role in
pushing international rice prices to unprecedented levels.
The presence of such a large rice sector in Iran is thanks to the countrys natural diversity. As one may expect
most of Iran is not suitable for rice cultivation due to insufficient water supply. It is the fertile regions north and
northeast of the countrys Capital which are located on the shores of the Caspian Sea. These three provinces;
Gilan, Mazandaran and Golestan make up 85 percent of Irans rice production. However, rice is consumed
throughout the country and is the third most important staple after wheat and barley.

Like many other rice consuming nations, the Iranian government aims for self-sufficiency in its major staples
including rice. This policy has strengthened due to the international trade sanctions the country faces. While the
trade sanctions do not include goods such as food, nonetheless rice trade is affected since some international
companies prefer not to do business in Iran in order not to jeopardize their business operations in US and EU
markets.There is therefore a major incentive to boost domestic rice production. The International Rice Research
Institute (IRRI) has been supporting Iranian rice research for over 35 years and since then average yields have
doubled. However, Irans rice sector faces major challenges including soil salinity, heat stress, soil erosion,
flooding and desertification. With a current rice import dependency of around 50 percent and rice Iranian
consumption projected to rise to 5 million MT by 2035, achieving self-sufficiency requires nothing less than an
Iranian green revolution for the rice sector which also addresses the fragility of its natural resources.

Irans investment rates in agricultural research are relatively high compared to its neighbors and Tehran is now
the headquarters of the Regional Rice Research and Training Center for West and Central Asia (RRRTC-
WCA). There is also the prospect of Iran establishing a regional climate change research facility to study the
impact of climate change on rice production.The Iranian rice sector provides great challenges but also
opportunities. What is clear and which was demonstrated in the 2008 rice crisis is that the state of the Iranian
rice sector has knock-on effects for international rice markets.


Adam John
Tags: Iran rice production, green revolution
Oryza Global Rice Quotes

May 21st, 2014

Long grain white rice - high quality
Thailand 100% B grade 380-390
Vietnam 5% broken 400-410
India 5% broken 425-435
Pakistan 5% broken 420-430
Cambodia 5% broken 435-445
U.S. 4% broken 580-590
Uruguay 5% broken 625-635
Argentina 5% broken 620-630
Long grain white rice - low quality
Thailand 25% broken 340-350
Pakistan 25% broken 385-395
Cambodia 25% broken 405-415
India 25% broken 385-395
U.S. 15% broken 555-565
Long grain parboiled rice
Thailand parboiled 100% stxd 405-415
Pakistan parboiled 5% broken stxd 435-445
India parboiled 5% broken stxd 395-405
U.S. parboiled 4% broken 660-670
Brazil parboiled 5% broken NQ
Uruguay parboiled 5% broken NQ
Long grain fragrant rice
Thailand Hommali 92% 930-940
Vietnam Jasmine 525-535
India basmati 2% broken NQ
Pakistan basmati 2% broken NQ
Cambodia Phka Malis 855-865
Brokens
Thailand A1 Super 300-310
Pakistan 100% broken stxd 330-340
Cambodia A1 Super 350-360
India 100% Broken stxd 305-315


Egypt medium grain brokens NQ
U.S. pet food 470-480
Brazil half grain NQ
Medium grain milled
U.S. Calrose 4% broken 1070-1080
Egypt medium grain 6% NQ

All prices USD per ton, FOB vessel, oryza.com
EU Reconsiders Expiry Dates on Rice in Efforts to Curb Food Waste
May 21, 2014
The European Union is considering withdrawing the requirement for an expiry date, or best before
information, on some of its food packages. Currently, the only foods under consideration for policy revision are
dry foods, such as rice, noodles, hard cheeses, coffee, and so on foods that have expiration dates printed on
their commercial packaging, but that are typically consumable for longer periods of time. Often, the expiry
dates have more to do with the quality of the food than with the safety of the product, meaning eating these
foods after their expiry date wont make anyone sick.

The European Commission is reviewing the change in efforts to decrease the amount of food that is discarded
by households who erroneously believe the food to be bad (since thats what the packaging states). Its no
longer only an issue of food security or safety; its become an economic one, too. For example, each year,
every family in Italy throws away about 515 Euros (about $706) of food that has exceeded its expiry date. This
corresponds to about 89 million tons of wasted products on the whole continent. The Dutch agriculture minister
estimates that as much of 15% of EUs food waste is a result of expiry dates on packaging.Many European
ministers think a large amount of this food may be saved just by changing the date on the label, and theyve
been using this point in negotiations with the European Commission. Officials say this minor labeling change
may save 15 million tons of food per year from being thrown away prematurely.

Supporters argue that consumers are capable of evaluating the freshness of these foods themselves, based on
changes in color and smell.Skeptics of the changes include the Italian farmers association Coldiretti and the
British Department of Environment, Food, and Rural Affairs, both of who warn that more research and further
investigation is required before labels change. Nothing has been decided yet, and the discussion is likely far
from over. However, if the changes are made, white rice may begin remaining on the market shelves for a
longer time, creating larger stock availability. Over time, this may change sale conditions and consumers
habits.

Tags: food, European Commission, expiration date, expiry date, best by date, food waste, Coldiretti, Department of Environment Food and Rural
Affairs
Oryza U.S. Rough Rice Recap - Price Ideas Still at Odds as Farmers Finish Planting


May 21, 2014
The U.S. cash market was unchanged today as most farmers are still reluctant sellers as they wrap up their rice
planting and move on to planting beans while most buyers remain in hand to mouth mode anticipating a break
in prices.As of today, old crop offers could be found near $16.33 per cwt fob farm (about $360 per ton) for
May-June shipment although most sellers are hoping to net at least $16.66 per cwt fob farm (about $367 per
ton).

Bids from most larger mills were still said to be around $15.05 per cwt (about $332 per ton) for May-June
delivery while bids for exporters were unchanged near $16.00 per cwt (about $353 per ton), for the same
delivery period, and there were reports of rice trading around $16.10 per cwt for prompt delivery (about $355
per ton).As for new crop, there is little to no trading to speak of as buyers and sellers are roughly $0.50-$1.00
per cwt apart (about $11-$22 per ton).
Tags: U.S. rice prices; U.S. rice market

In Times of Drought Thailand Rice Farmers Can Benefit from Crop Rotation

May 21, 2014
Switching from rice to less thirsty crops in times of drought makes both business and environmental
management sense.El Nino events are seen as a major factor affecting the volatility of international rice
markets. This is because much of world rice production is concentrated in Southeast Asia which is one of the
vulnerable regions to El Nino climate events. While it is generally believed that the 2008 rice crisis was due to a
large extent to the trade behavior of many large rice exporting and importing nations, the 1973 rice crisis was
driven by widespread drought affecting Thailand caused by El Nino. Thailand as well as its neighbors
including Malaysia has been hit by a severe drought this year which is expected to reduce many of Thailands
crop harvests including rice.

Access to irrigation has become limited which rice farmers depend on for their thirsty rice crops. This comes as
a major blow to many Thai rice farmers since many have already lost money from the governments paddy
pledging scheme.Fresh Plaza reported on an article in Thainews which discovered that some rice farmers in the
Chainat region of Thailand had responded to the drought by switching to growing green beans instead of rice.
Not only had the rice farmers discovered an income earning alternative but they were now effectively practicing
crop rotation.

Crop rotation has many benefits including controlling weeds but it also replenishes nutrients into the soil such
as nitrogen when nitrogen-fixing legumes like green beans are used in the crop rotation.Such responses by rice
farmers are important strategies for dealing with shocks. Government assistance in supporting farmers to
diversify their agricultural practices not only strengthens vulnerable farmers ability to adapt to climate change


but also, as in the example with the green beans, helps promote sustainable agriculture.

Ten Million Farmers in South Asia and Africa Use Stress-Tolerant Rice Varieties,
Claims IRRI
May 21, 2014
The Philippines-based International Rice Research Institute (IRRI) has claimed that the stress-tolerant rice
varieties, developed by them, are being used by around ten million farmers in South Asia and Africa in about
2.5 million hectares of rice land as part of the Stress-Tolerant Rice for Africa and South Asia (STRASA)
project, according to a press release by the IRRI. The STRASA project, led by the IRRI and funded by the Bill
& Melinda Gates Foundation, was started in 2007, and has completed two phases and is to begin the third phase
this week in New Delhi, India. Nearly 250 participants from South Asia and Africa, including the Agriculture
Ministers of India, Bangladesh and Nepal, are expected to attend the opening session of STRASA's third phase,
which will continue till 2019.

The IRRI released 16 climate-smart rice varieties, which are tolerant to floods, drought, cold temperatures,
salinity and soils that contain too much of iron, in South Asia; and released 14 varieties in Sub-Saharan Africa,
according to the STRASA Project Leader. He noted that the STRASA project also trained nearly 74,000 rice
farmers in the two regions in good-quality seed production, adding that nearly 140,000 tons of climate-smart
seeds have been produced so far.The STRASA Project Leader says the IRRI is partnering with national
agriculture research agencies, government agencies, non-government organizations, and private sector rice
producing and marketing companies in different countries to ensure that these seeds are supplied to farmers on
time.
Thailand Finance Ministry Estimates Losses from Rice Pledging Scheme at $15
Billion
Thailand's Finance Ministry has estimated losses from the abandoned rice pledging scheme at around 500
billion baht (around $15 billion), since its inception, according to local sources. Thailands annual GDP is about
$365 billion.A source from the Finance Ministry told local media that a subcommittee headed by the Finance
Ministry's Inspector-General is overseeing the accounting aspects of the rice pledging scheme based on the
Federation of Accounting Professions and recent resolution of the National Rice Policy Committee (NRPC). He
noted that based on NRPC's resolution, the benchmark price for accounting used by the subcommittee is lower
of the actual pledging price or the price announced by the Foreign Trade Department.The source stated that the
estimates from the Finance Ministry are higher than the $466 billion baht (around $14.3 billion) estimated by
the Bank of Thailand.Farmers pledged rice from five crops beginning 2011-12 main crop (October 2011 -
February 2013) to 2013-14 main crop. The government paid 15,000 baht (around $460) per ton, 40-50% higher
than the market prices, to farmers under the pledging scheme. Since the dissolution of the government in
December 2013, the scheme began encountering problems with inadequate funds to make payments to farmers.
The scheme ended February 2014 after it was not renewed. The government still has to pay about 82 billion


baht (around $2.5 billion) to farmers, according the Ministry of Commerce. The Caretaker government is
rushing to sell stocks from its warehouses to raise funds and pay farmers.
Tags: Thailand rice mortgage scheme, thailand political uncertainty, Thailand rice exports
Italy Paddy Crop 80% Sold; Five Months until New Crop Harvest

Nearly 80% of total Italian paddy availability from the 2013-14 crop year has already been sold as of May 20.
Long A varieties remain the "best sellers as more than 86.5% have already been placed, while Long B is


68.5% sold. One year ago roles were inverted: Long A varieties were placed 71%, while Long B varieties were
78% placed. The difference between Long A and Long B varieties is even more clear if you compare all
varieties for domestic consumption: Padano-Argo, Vialone Nano, Sant'Andrea, Roma-Elba, Baldo, Arborio,
Volano and Carnaroli are all already 91.4% sold. In the week May 13-20, a total of 26,861 tons of Italian paddy
rice were exchanged: so total paddy tonnage sales stand at 1,121,159 tons.

Remaining stocks are 326,638 tons with about 5 months left before the next harvest. Last year at this time,
1,222,739 tons (74% of production) were sold, at a similar pace as this year.Farmers have already planted the
new crop and rice fields are flooded. Sales in the week May 13-20 include: 8,159 tons of Long A, and 8,566
tons of Long B. Prices are firm, and for the last few weeks there have been no relevant movement of quotations.
There were also 9,906 tons of round paddy rice sold in the last week, bringing year-to-date sales to 300,532 tons
(76% of total availability) from 394,480 tons available since September 2013. Last year at the same date sales
reached 296,342 tons, equivalent to 75.1% of beginning availability fixed at 393,375 tons. As for medium
paddy, in the latest week sales are minimal, at just 320 tons; there are only 6,487 tons still available on the
market, starting from beginning stocks of 28,715 tons, thus about 7.4% of this is sold.

Last year at this time sales were 31,949 tons for the year, 74.9% of total availability. Beginning stocks in
campaign 2012-2013 were much higher, starting from 42,596 tons. The best seller varieties remain Loto and
Ariete at 5,539 tons sold last week, followed by Arborio Volano with 1,249 tons, then Carnaroli with 559
tons. Total beginning paddy availability (including about 9,000 tons in carryover stocks) for 2013-14 amounted
to 1,447,783 tons, down from 1,646,103 tons in 2012-13.

Tags: italy paddy prices, italy paddy sales, italy paddy rice production, italy rice prices

Oryza Rice Currency Analysis for Today Brazil Real Rallies 0.4%
May 21, 2014
U.S. dollar index was up +0.03% from the open today, when it traded at 80.067 at the close.

Euro was weaker -0.12% by the close, trading around 1.3685 by end of day, after trading between an intraday
high of 1.3723 and low of 1.3635.

Thai baht was stronger +0.19%, trading at 32.468 at the close of business.

Indian rupee was weaker -0.24% at 58.7800.

Brazilian real was stronger +0.38% at the close of trading today, trading at 2.2076 reais per dollar.

Pakistan rupee was -0.07% weaker at 98.8308.


Vietnamese dong was unchanged at 21155.

Mexican peso was weaker -0.12% today, when it traded at 12.9254 pesos per dollar by the close of business.

Chinese yuan was stronger +0.06% at 6.2338.

Argentine peso was unchanged at 8.0612 pesos per dollar.

Tags: foreign exchange rates, rice currencies, global rice trading

New Chairman of the Cambodia Rice Federation Viewed with Suspicion by Local
Media; Agenda Will Focus on Raising Rice Quality, Lower Borrowing Rates

May 21, 2014
The newly-formed Cambodia Rice Federation (CRF), a body that aims to unite the rice sector under one
representative body in the country, just elected its first chairman and he happens to be the son of Cambodias
deputy prime minister. He is also the CEO of a business conglomerate that includes rice milling and
exporting.Some local media and the political opposition are viewing the appointment with suspicion, saying the
CRF should be run by someone who knows about the rice sector but does not have commercial interest in
it.However, who knows what the rice sector needs for development better than the people who's livilihoods
depend on its success? In otherwords, those that have a commerical interest and know first hand the challenges
the industry is facing.

Oryza spoke with local rice exporter who said the appointment of the new leader had nothing to do with
favoritism or his relationship to the nations deputy prime minister. The chairman was chosen based on his
experience with rice farming, processing, and export.
The chairmanship is decided based on a simple majority of the board and no individual can take independent
action. The chairmanship also has 2-year term limit. Looking to the future of Cambodias rice sector, the new
chairman of the CRF says his two most important challenges are Cambodias poor rice quality and insufficient
financing. His future plan of action is to raise $500 million and facilitate 7% loan interest for borrowers, instead
of the current 10%.

Tags: Cambodia rice exports, Cambodia rice production
Bangladesh Rice Imports Soar amid High Domestic Prices
May 21, 2014
Bangladesh's rice import value has increased to about $229.59 million during the first nine months of the fiscal
year 2013-14 (July 2013 - June 2014), up nearly fourteen times from about $15.81 million recorded during the


same period in FY 2012-13, according to a report released by the Bank of Bangladesh (BB).According to data
from Food Ministry, Bangladesh imported around 374,560 tons rice as of May 19, 2014, of which around
371,500 tons are imported by private sector and only 3,060 tons are imported by the government. Bangladesh
imported 28,930 tons rice in FY 2012-13 (25,270 tons by private sector and 3,660 tons by the government).

A BB official told local media sources that declining global rice prices, an increase in domestic prices and an
appreciation of Bangladeshi Taka against the U.S. dollar are main reason behind the surge in rice import
value.The BB report noted that the retail prices of coarse rice varieties in Bangladesh hovered between Tk 38 -
Tk 40 per kilogram (around $483 - $508 per ton), while the average international prices are at around $393 per
ton, encouraging rice imports.Based on the amount of Letters of Credits (LCs) opened, the BB official noted
that the rice import value is expected to increase further over the last three months of the fiscal year.

The BB data showed that the LCs opened for rice during the first nine months of FY 2013-14 increased to
$287.22 million, up about fourteen times from about $20 million LCs opened during the same period last
year.USDA estimates Bangladesh will produce around 34.59 million tons rice in MY 2013-14 (May 2013 -
April 2014), up about 2% from about 33.82 million tons produced in MY 2012-13. It estimates Bangladesh's
imports will increase to about 400,000 tons in 2014, nearly 12 times over 35,000 imported in 2013.

Tags: Bangladesh rice import value, Bangladesh rice imports

Oryza Afternoon Recap - Chicago Rough Rice Futures Test Multi-Month Support as
Bears Continue to Narrow Old Crop/New Crop Spread

May 21, 2014
Chicago rough rice futures for Jul delivery settled 3 cents per cwt (about $1 per ton) lower at $15.270 per cwt
(about $337 per ton). Rough rice futures came under follow-through selling pressure again today, as traders'
focus turns to the July/September spread. The bears once again drove the market lower, narrowing the spread by
another 5.5 cents per cwt (about $1 per ton) by the settlement of the days action. Technically this is seen as
further confirmation that the market has moved into a downward trend after failing to maintain a near-term high
last Friday at $15.500 per cwt (about $342 per ton).

The market came within 1 cent per cwt (about $0.22 per ton) of matching a multi-month low of $15.200 per cwt
(about $335 per ton), a level that would likely trigger additional technical selling and set up a move towards
firm psychological support noted at $15.000 per cwt (about $331 per ton). The other grains finished the day
mostly higher with only wheat moving to the downside; soybeans closed about 2.4% higher at $15.0525 per
bushel; wheat about 0.9% lower at $6.6425 per bushel, and corn finished the day about 0.2% higher at $4.7450


per bushel.U.S. stocks rose on Wednesday, bouncing back from the prior day's sharp fall, after minutes from the
Federal Reserve's last meeting had central bankers discussing ways to normalize interest rates.

The central bank last month trimmed its monthly asset buying to $45 billion, its fourth consecutive $10 billion
reduction. Fed officials also said the economy was picking up steam and the labor market improving. The Dow
Jones Industrial Average leaped 155 points, and was lately up 135.15 points, or 0.8 percent, to 16,509.46. The
S&P 500 added 11.74 points, or 0.6 percent, to 1,884.57, with energy pacing gains and utilities the sole laggard
among its 10 major industry groups. The Nasdaq climbed 25.53 points, or 0.6 percent, to 4,122.42. Gold is
trading about 0.5% lower, crude oil is seen trading about 1.7% higher, and the U.S. dollar is seen trading about
0.2% higher at about 1:00pm Chicago time.Tuesday, there were 218 contracts traded, down from 324 contracts
traded on Monday. Open interest the number of contracts outstanding on Tuesday increased by 70 contracts
to 8,458.

Tags: U.S. rice prices; U.S. rice market; Chicago rough rice futures

Thailand Agriculturists Association Urges Immediate Payment of Farmers and
Paddy Rice Price Support; Political Crisis at a Stalemate
May 21, 2014
The President of the Thai Agriculturists Association (TAA) said a new government should make remaining
payments to rice farmers, for pledged rice under the halted Rice Paddy Mortgage Program, and should offer
price support for new crop paddy rice.The TAA President made the comments after the Thai Army declared
Martial Law, sending signals of an interim Prime Minister and government being appointed to oversee electoral
reforms. He said the government should consider drafting a policy to regulate the price of 2014 off season
(January - May) paddy rice, irrespective of decision to continue the rice pledging scheme.

He noted that a paddy rice price below 11,000 baht (around $140) per ton would be unacceptable, as the
production costs are at around 9,000 baht (around $114) per ton, adding that farmers are facing severe losses by
selling in the market at around 5,000 - 6,000 baht (around $63 - $76) per ton.Its difficult to imagine how the
government of Thailand can support new crop paddy prices when it cant completely pay farmers for old
crop.Meanwhile, crisis talks between the government officials, anti-government protestors, the Election
Commission (EC), senate members, the army chief and pro-government activists ended in a stalemate, as each
group stuck to its own agenda. The caretaker government is still pushing to hold a general election on August 3.

However, holding an election may ignite more unrest and violence, and thus the EC says the army's opinion on
the matter must be taken into consideration. Thailands army chief stressed that the military had stepped in to
restore law and order and rebuild investor confidence, adding that troops would take action against any kind of
violence that erupted in the country. He emphasized that martial law would continue until peace is restored in
the country. Since November 2013, twenty eight people have been killed and around 700 injured in the anti-
government protests.


Tags: Thailand rice mortgage scheme, thailand political uncertainty, Thailand rice production, Thailand rice exports
Colombia Paddy, Rice Prices in May 2014 Decline from Last Month, Last Year
Average white rice prices in Colombia have declined to about 1.881 million pesos per ton as of May 2014,
down slightly from about 1.887 million pesos per ton in April 2014, and down about 5% from about 1.974
million pesos per ton in May 2013, according to data from FedeArroz. In terms of USD per ton, Colombia's
average white rice prices have declined to about $978 per ton as on May 2014, slightly down from about $979
per ton in April 2014, and down about 9% from about $1,076 per ton (using historical exchange rates) in May
2013.

Colombia's average green paddy prices stood at around 913,600 pesos per ton as of May 2014, slightly down
from about 921,853 pesos per ton in April 2014, and down about 1% from about 923,714 pesos per ton in May
2013.In terms of USD per ton, Colombia's average green paddy rice prices declined to around $475 per ton as
of May 2014, slightly down from about $478 per ton in April 2014, and down about 5% from about $503 per
ton (using historical exchange rates) in May 2013.

Tags: colombia rice prices, colombia paddy rice prices, Colombia rice production


Oryza Overnight Recap - Chicago Rough Rice Futures Mixed Overnight as Pressure
Begins to Mount on July/September Spread
May 21, 2014

Chicago rough rice futures for Jul delivery were paused 5 cent per cwt (about $1 per ton) lower overnight at
$15.250 per cwt (about $336 per ton) as of 8:00am Chicago time. The other grains are seen higher this morning
ahead of floor trading in Chicago: soybeans are currently seen about 0.5% higher, wheat was paused about 0.1%
higher, and corn is noted about 0.1% higher. U.S. stock index futures signaled a higher open despite concerns
about weak U.S. earnings and uncertainty regarding global central bank action.

At 2 p.m. ET Wednesday, the minutes of the latest Federal Reserve Open Market Committee meeting will be
released, with investors eager to find more clues as to when the Fed might look to hike interest rates. These will
come after the Bank of England published minutes which showed some members had moved closer to voting
for a rate rise. U.S. stocks fell sharply on Tuesday after Philadelphia Fed President Charles Plosser said rate
hikes might come sooner than expected. U.S. stock index futures are currently trading about 0.3% higher, gold
is currently trading about 0.3% lower, crude oil is seen trading about 0.6% higher, and the U.S. dollar is
currently trading about 0.1% higher at 8:00am Chicago time.

Tags: U.S. rice prices; U.S. rice market; Chicago rough rice futures

India Rice Sellers Increase Most of Their Quotes; Other Asia Rice Quotes
Unchanged Today

May 21, 2014
India rice sellers increased their quotes for 5% broken, 25% broken rice and 100% broken rice by about $5 per
ton each to about $425 - $435 per ton, $385 - $395 per ton and $305 - $315 per ton respectively today. Other
Asia rice sellers kept their quotes mostly unchanged.

5% Broken Rice
Thai 5% rice (of new crop) is quoted around $365 - $375 per ton, about $35 per ton discount to Viet 5% rice
shown around $400 - $410 per ton.

Indian 5% rice is quoted around $425 - $435 per ton, up about $5 per ton from yesterday and about $5 per ton
premium on Pak 5% rice quoted around $420 - $430 per ton.


25% Broken Rice
Thai 25% rice of the old crop is quoted about $340 - $350 per ton, about a $20 per ton discount to Viet 25% rice
shown around $360 - $370 per ton.

Indian 25% rice is quoted around $385 - $395 per ton, up about $5 per ton from yesterday and on par with Pak
25% quoted around $385 - $395 per ton.

Parboiled Rice
Thai parboiled rice of the old crop is quoted around $405 - $415 per ton.

Indian parboiled rice is quoted around $395 - $405 per ton, about $40 per ton discount to Pak parboiled rice
quoted around $435 - $445 per ton.

100% Broken Rice
Thai broken rice, A1 Super, of the old crop is quoted around $300 - $310 per ton, about a $35 per ton discount
to Viet broken rice shown around $335 - $345 per ton.

Indian broken sortexed rice is quoted around $305 - $315 per ton, up about $5 per ton from yesterday and about
a $25 per ton discount to Pak broken sortexed rice quoted around $330 - $340 per ton.

Tags: Asia rice quotes, Asia rice prices, Global rice trade

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