8th July 2014 Daily Exclusive E-Newsletter by Riceplus Magazine

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TOP Contents - Tailored for YOU
Latest News Headlines

Oryza U.S. Rough Rice Recap - Softer Prices as New Crop Approaches; USDA Estimates 70% of Crop in Good-to-
Excellent Condition
Italian Rice-Growing Sector to Protest Duty-Free Rice Imports, Will Block Grain Exchanges
Oryza Shares - Opinion from Acting Secretary General of Cambodia Rice Federation
Oryza Rice Currency Analysis for Today India Rupee Down 0.5%
Italy Focuses on Role of Rice in Cultural Cuisine
Iraq Buys 87,500 tons of Basmati Rice from India in International Tender
India Main Rice Crop Planting Reaches 4.5 Million Hectares as of July 4, 2014; Down 35% from Last Year
Thailand Exports 3.82 Million Tons of Rice in January - May 2014; Up 52% from Last Year
FAO Global Rice Price Index Increases Slightly in June 2014
Experts Urge Philippines Government to Increase Rice Research Budget to Boost Production
Bangladesh Imports 374,560 Tons of Rice in FY 2013-14, Thirteen Times Higher than Last Year
FAO Estimates Malaysia 2014-15 Rice Imports at 1.1 Million Tons, Up 10% from Last Year
FAO Calls for Sustainable Hybrid Rice Development to Boost Production in Asia
Vietnam Exports Over 3 Million Tons Rice in January June 2014
India Rice Stocks in Central Pool Reach 25.41 Million Tons on July 1, 2014; Down 19% from Last Year
Vietnam, Pakistan Rice Sellers Increase Their Quotes Today; Other Asia Rice Quotes Unchanged

News Detail

Oryza U.S. Rough Rice Recap - Softer Prices as New Crop Approaches; USDA
Estimates 70% of Crop in Good-to-Excellent Condition


Jul 07, 2014
The U.S. cash market was weaker today as both seller and buyer price ideas continue to decrease as new crop
approaches. As of now, analysts expect that the first new crop rice in S. Louisiana will be available to ship
within a month.As of today, old crop offers decreased to around $15.55 per cwt fob farm (about $343 per ton)
for July shipment although some sellers are still holding out for about $16.11 per cwt fob farm (about $355 per
ton).Bids from exporters decreased to around $14.70 per cwt (about $324 per ton) for July delivery while some
smaller mills were said to be bidding around $15.90 per cwt (about $351 per ton) for the same delivery period
although there were reports of rice trading as low as $15.250 per cwt (about $340 per ton) for prompt delivery.

In the meantime, the USDA estimates that as of July 6th, 17% of the U.S. rice crop had headed which was 8%
greater than this time last year and 3% greater than the previous 5-year average. As of now, the USDA
estimates that 11% of the rice crop in Arkansas has headed compared to 6% in California, 57% in Louisiana,
4% in Mississippi, 5% in Missouri, and 20% in Texas.The USDA also considers 70% of the U.S. to be in good
to excellent condition, which was 1% greater than last week and 1% greater than this time last year, compared
to 62% in Arkansas, 80% in California, 80% in Louisiana, 82% in Mississippi, 65% in Missouri, and 53% in
Texas.

Italian Rice-Growing Sector to Protest Duty-Free Rice Imports, Will Block Grain
Exchanges

Jul 07, 2014
The Italian rice-growing sector is gearing up to protest the European Unions decision to import zero duty rice
from Cambodia.For a whole week, from Monday, July 14 until Friday, July 18, farmers represented by
Agrinsieme, rice millers by the Italian Association of Rice Industries (AIRI), small milling companies by
Confartigianato, and agricultural brokers will prevent rice quotations on the grain exchanges in Novara,
Vercelli, Pavia, Milan, and Mortara. The protestors will use tractors and banners to hinder economic activity
and ask the EU to apply the safeguard clause in order to stop zero duty imports from Cambodia.

We have had enough of words and intentions, said Paola Battioli of Agrinsieme North Eastern Piedmont, we
need facts. These events aim to inform public opinion of whats happening to the rice-growing sector and to the
economy of this area. This year, there were 218,000 hectares of rice grown in Italy, and 90% of it is
concentrated in the Vercelli, Novara, and Pavia provinces, where all the most important milling companies are
located too.The protestors will be in Novara on Monday, Vercelli and Pavia on Tuesday, Milan on Wednesday,
and Mortara on Friday.

Oryza Shares - Opinion from Acting Secretary General of Cambodia Rice
Federation


Jul 07, 2014
I taly expressing concern over Cambodian Rice I mports into EU

We heard repeatedly since last year some Southern European countries like Spain and Italy leading the pack
expressing concern over a sudden increase of Cambodian rice imports into EU that as claimed by them had
distorted the market thus creating unfair practice for those countries to export their rice to other European
buyers.Again recently Italy came back to the forefront making noise and pleading for EU to revoke EBA
scheme for Cambodia. The Italian concern has been so far picked up by the media but has yet to be officially
lodged with the EU in Brussels. It would be good for all parties including EU to have a clear perspective of
what transcended as facts.1.The general rice imports into EU have not increased that much as per official EU
statistics for full year 2013. Cambodian origin rice did see an increase but other origins like Thailand and others
for instance have also decreased thereby still balancing out and the market was far from being distorted as
claimed by some Southern European countries. , ad EU statistics confirm that . EU as a market has to import
rice annually since the balance between consumption and the local crops produced factually shown about 1
million tons or a bit more to be imported each year.2.

There are some varieties that cannot be grown in EU and one of them is Jasmine rice. I think that variety should
not be included in any complain that Cambodian rice is hurting the Italian rice growers and millers. The only
"jasmine type " variety grown in Italy does produce a very small crop of few hundred tons a year which is
negligible.3. The Managing Director (MD) of Ente Nazionale Risi, the National Agency for Rice (NAR), Italy,
has slammed the new Common Agricultural Policy (CAP) for European Union (EU) member states saying it is
not protecting Italian and other European rice farmers from global competition, according to local sources. The
ENR MD has noted that the intervention price, the price at which the European Commission (EC) buys rice
from farmers, set at 150 (around $205) per ton under the new CAP is very low and does not cover the
production costs, which are around 320- 330 (around $438 - $451) per ton.

As the EC initiates intervention between April 1 to July 31 of a marketing year (September 1 to August 31)
when need arises, he says the intervention price was not used appropriately since its introduction. Also the EC
has specified that it may increase the intervention price if the quality of rice procured is different from the
specified quality, but has not mentioned any cap for it.I can imagine that the resistance from Italian rice industry
against Cambodian (soon Myanmar rice) rice, can be supported by new EU policy towards farmers, i.e. CAP.
The CAP reform is changing the structure of EU support to the farmers, and in case of Italian rice farmers, that
means that they will have less funds per hectare compared to previous scheme. So that can also create the
tension against more competitive Cambodian Long Grain rice.

4. It would not be fair for the Italian rice industry to lobby against access of the competition to EU market,
when Italian rice farmers obtained heavy government subsidies by the hundreds of Euros per hectare via the EU
support in cash annually for keeping the production of paddy and rice fields in operation. These very Italian rice
farmers are lobbying against Cambodian rice, which is not subsidized in any way by the Cambodian
government through any yearly cash allowance to rice farmers neither did the Cambodian government subsidize
in any way the credit system to finance new crops, nor provided subsidies for the cost of agricultural machinery


and equipment. To their credit, the Cambodian government has only intervened to help bring down some
logistics and documentation cost to increase competitiveness for the local rice industry.

5. Italian farmers are complaining on one product that they cannot compete against Cambodia which is Long
Grain White Rice (and soon perhaps Parboiled, but still long grain rice). It is worth to notice that they were
quiet on other rice varieties that they have been selling successfully to EU markets and even exporting
overseas, namely Arborio, medium grain varieties, round grain varieties (in general Japonica type rice) . They
are being very quiet on this as Cambodia offered no competition threat in this sector of rice industry (while in
short perspective of 1-2-3 years, Myanmar will export more of japonica varieties to EU and then Italians will
surely raise concern again).

6. According to World Banks monitoring note on Cambodian Rice Industry carried out in 2013, Rice
production accounted for 15 percent of agricultural value added and paddy occupied 75 percent of the cultivated
land. Rice production, processing, and marketing were estimated to employ 3 million people, more than one-
fifth of the countrys population. In the last decade, half of the poverty incidences reduction has been driven by
the increase of rice production, higher rice prices, and higher farm wages. The poverty incidence was estimated
to have declined from 53.2 percent in 2004 to 20.5 percent in 2011. That is the essence of the EBA Scheme
granted by EU, eradicating poverty and improving farmers standard of living. EU granted the EBA benefits to
Cambodia for a free access to EU market. So far Cambodia is strictly adhering to the terms and conditions of
such agreement and is expecting EU to continue to reciprocate so long Cambodia is still within the LDC status.
VAN Vichet (David)
Acting Secretary General
CAMBODIA RICE FEDERATION
Oryza Rice Currency Analysis for Today India Rupee Down 0.5%

Jul 07, 2014
U.S. dollar index was down -0.05% from the open today, when it traded at 80.230 at the close.
Euro was stronger +0.09% by the close, trading around 1.3607 by end of day, after trading between an intraday high of
1.3609 and low of 1.3576.


Thai baht was weaker -0.14%, trading at 32.416 at the close of business.
Indian rupee was weaker -0.47% at 60.0150.
Brazilian real was weaker -0.43% at 2.2233 reais per dollar.
Pakistan rupee was -0.07% weaker at 98.7902.
Vietnamese dong was stronger +0.07% at 21275.
Mexican peso was weaker -0.29% today, when it traded at 13.0113 pesos per dollar by the close of business.
Chinese yuan was stronger +0.02% at 6.2035.
Argentine peso was weaker -0.03% at 8.1395 pesos per dollar.
Italy Focuses on Role of Rice in Cultural Cuisine
Jul 07, 2014
"Tell me what you eat, and I'll tell you who you are," wrote Jean Anthelme Brillat-Savarin in 1825. It's no
surprise that food is entwined with our culture: religious rules, traditional customs, and method of preparation
are just a few ways that culture affects food.The Accademia Italiana della Cucina (the Italian Academy of
Cuisine or AIC), an association whose goal is safeguarding the culture of the civilization of the table and
traditions of Italian cuisine as an expression of the entire nation, convened to address rice's role in Italian culture
recently. Specifically, they discussed the ways in which rice has cultural value for the country.Mario Tuccillo,
a delegate of the association, said, "Rice is culture. We have to underline the importance of this food; it
nourishes all fields of culture.

" He referred to the many aspects of the Italian rice-growing sector during a day dedicated to "the cuisine of
rice" in Villa Sant'Espedito, in Mortara, not far from Milan.The head of the Vercelli-based association Donne e
Riso (Women and Rice), Mrs. Natalia Bobba confirmed: "Rice has always been an ally in womanly cooking: in
the past centuries, in the countryside, it has been mixed with many other ingredients, sometimes of low
economic value, often residual." She spoke about offal, legumes, and pork remnants: in Italy, these ingredients
have produced some of the most popular dishes, such as risi e bisi (rice and peas), risotto coi fegatelli (rice with
chicken liver), and riso con le cotiche (soup with pork rind).But now the most important task for the Accademia
Italiana della Cucina is to present a strong request: "Catering and restaurants," affirmed Paolo Petroni, the
general secretary of AIC, "must understand that they have to propose rice plates worth the value of Italian
cuisine: there isn't any traditional or innovative cuisine, just a good one.
Iraq Buys 87,500 tons of Basmati Rice from India in International Tender
Jul 07, 2014


The Iraq Grain Board (IGB) has bought around 87,500 tons of basmati rice from India in an international tender
that closed on June 29, 2014, according to nformation from European traders, reports Reuters.

Reuters quoted traders as saying that of the 87,500 tons of basmati rice, IGB purchased 30,000 tons of creamy
parboiled grade at $1,595 per ton (cif basis), 30,000 tons of pusa creamy parboiled grade at $1,435 per ton (cif
basis), 20,000 tons of pure 11/21 grade at $1,593 per ton (cif basis) and 7,500 tons of pure pusa grade at $1,440
per ton (cif basis).Last week, the IGB issued another international tender to purchase a minimum of 30,000 tons
of rice sourced from Uruguay, Argentina, Brazil, Vietnam, Thailand and the U.S. The tender closed on July 6,
and the offers will be valid until July 10, 2014.

India Main Rice Crop Planting Reaches 4.5 Million Hectares as of July 4, 2014;
Down 35% from Last Year

Jul 07, 2014


Planting for kharif rice crop, or main rice crop (June December; harvesting begins in October) in India has
reached around 4.5 Million hectares of rice area as of July 4, 2014, down about 35% from about 6.9 million
hectares planted during the same time last year, according a statement released by the Indian Agriculture
Ministry.

Local sources say the kharif planting, which starts with the onset of southwest monsoon in June, has been slow
due to delayed monsoon. The Indian Meteorological Department has predicted a 70% of below-normal
monsoon (June - September) due to an imminent El Nino between July and August 2014. The World
Meteorological Organization (WMO) has predicted a 60% probability of El Nino strengthening between June
and August and a 75-80% probability between October-December 2014.

The Indian government approved for releasing additional 5 million tons of rice at Below Poverty Line
(BPL)/Above Poverty Line (APL) prices to ensure adequate supplies and contain inflation. The Agriculture
Ministry has advised state governments to be ready with contingency plans to minimize the effect of El Nino-
triggered low monsoons. It has also suggested some relief measures such as subsidies on seeds for re-sowing
and on diesel for irrigation to rice farmers.
Thailand Exports 3.82 Million Tons of Rice in January - May 2014; Up 52% from
Last Year


Thailand has exported around 3.82 million tons of rice in the first five months of 2014 (January - May), up
about 52% from around 2.51 million tons exported during the same period in 2013, according to data from Thai
Rice Exporters Association (TREA).White rice exports accounted for around 1.79 million tons (about 47% of
total rice exports in January - May 2014); Hom Mali rice exports accounted for around 552,279 tons (about
14% of total exports); Broken rice accounted for 473,870 tons (about 12% of total exports); Glutinous rice
accounted for around 70,732 tons (about 2% of total exports); Parboiled rice accounted for around 878,308 tons
(about 23% of total exports); and Husked rice accounted for around 62,725 tons (about 2% of total rice exports).

In terms of value, Thailand earned around 63,076 million baht from total rice exports in January - May 2014, up
about 19% from around 52,986 million baht during the same period last year. In terms of USD, Thailand earned
around $1,938 million (using historical exchange rate) during the first five months of 2014, up about 8% from
around $1,787 (using historical exchange rate) in the previous year.

Average price of white rice exports during the five-month period stood at around $391 per ton, down about 27%
from around $537 per ton last year. Average price of Thai Hom Mali rice exports in January-May 2014 stood at
around $1,044 per ton, down about 9% from around $1,152 per ton last year. Average price of broken rice
exports during the five-month period stood at around $377 per ton, down about 38% from around $606 per ton
last year. Average price of glutinous rice exports during the five-month period stood at around $856 per ton,
slightly down from around $860 per ton last year. Average price of parboiled rice exports in January- May
period stood at around $442 per ton, down about 21% from around $557 per ton last year. Average price of
husked rice exports during the five-month period stood at around $563 per ton, down about 46% from around
$1,052 per ton last year.
FAO Global Rice Price Index Increases Slightly in June 2014
The FAO All Rice Price Index increased by 1 point to about 236 points in June 2014, from about 235 points in May 2014
due to increases in all sub-indices - Japonica, Aromatic, Higher Quality Indica and Lower Quality Indica.Lower Quality


Indica sub-index showed highest increase among all sub-indices. It increased by about 3 points to around 202
points in June 2014, from around 199 points last month. Higher Quality Indica sub-index increased by about 2
points to around 209 points this month from around 207 points last month. Japonica and Aromatic sub-indices
each increased by about 1 point.

While Japonica increased to around 263 points, Aromatic sub-index increased to 265 points in June 2014.In
January - June 2014, the FAO All Rice Price Index averaged 235 points, down about 2 points from about 237
points during the same period in 2013. Sub index for higher quality Indica rice prices declined about 8% y/y,
sub index for lower quality Indica prices declined about 16% y/y. Aromatic rice price sub index declined by
about 2% y/y. However, sub index for Japonica rice prices increased by about 14% y/y. According to the FAO,
Thai rice prices (of all varieties except Thai fragrant variety) registered increases due to subdued rice sales in
June following the military government's decision to stop rice sales and review rice stocks.

Thai 100% broken prices increased about 3% m/m to around $419 per ton; Thai 5% broken prices increased
about 2% m/m to around $397 per ton; Thai 25% broken prices increased about 3% m/m to around $356 per
ton; Thai parboiled prices increased about 2% m/m to around $428 per ton and Thai A1 Super increased about
5% m/m to around $313 per ton. However, Thai fragrant prices declined about 1% to around $1,164 per
ton.Rice export prices in India, Pakistan and Vietnam increased and were stable in Americas, according to the
FAO.

Experts Urge Philippines Government to Increase Rice Research Budget to Boost
Production

Jul 07, 2014
Rice sector experts urged the Philippines government to increase budget on rice research and development
(R&D) on par with the R&D budgets of neighboring countries such as Thailand, Vietnam and Malaysia,
according to a press release on the website of the Philippines Institute of Rice Research (PhilRice).The book,
"Securing Rice, Reducing Poverty," authored by the National Economic and Development Authority (NEDA)
Chief and his team says R&D contributes to around 25% of yield growth in rice and highlights the need for
increasing R&D budget and research initiatives to address causes (for fall in rice production) such as weeds,
pests, and diseases.Citing data from the 2009 World Competitiveness Yearbook by the International Institute for
Management Development (IMD), the authors argue that the Philippines government allocated only 0.12% of
its Gross Domestic Product (GDP) on rice research in 2008, whereas Malaysia and Thailand allocated 0.64%
and 0.20% respectively during the same year.

Based on a 2013 report by the U.S. - based International Food Policy Research Institute (IFPRI) and the
Bangkok-based Asia-Pacific Association of Agricultural Research Institutions, the authors say the growth in
public spending on R&D in the Philippines has been relatively slow compared to Vietnam. The report shows
that while the Philippines spending on rice research increased by 3% to around $133 million in 2008 from


around $129 million in 1996, Vietnam's spending increased by nearly 4 times to around $86 million in 2008
from around $23 million in 1996. Citing data from the UN's Food and Agriculture Organization (FAO), the
authors say there is public spending on research directly impacts rice productivity (yield), adding that Vietnam's
yield increased by about 30% to around 4.89 tons per hectare in 2008 from around 3.77 tons per hectare in
1996.Earlier, PhilRice economists also noted that low investment in agricultural R&D slows down productivity
in a paper titled Investments in Research, Development, and Extension: Implications on TFP [Total Factor
Productivity].

Bangladesh Imports 374,560 Tons of Rice in FY 2013-14, Thirteen Times Higher
than Last Year

Jul 07, 2014
Bangladesh has imported around 374,560 tons of rice in the fiscal year 2013-14 (July 1, 2013 - June 30, 2014),
up about 13 times or 1,195% from around 28,930 tons imported in FY 2012-13, according to data released by
the Food Ministry.Of the total rice imports during the year, around 371,500 tons are imported by the private
sector and 3,060 tons are imported by the government. A Bangladesh Bank official told local media sources in
the second week of June that fall in global rice prices, simultaneous surge in domestic rice prices and
appreciation of the local currency against the dollar were the key drivers to increase in imports by the private
sector.

The government usually imports rice for open market sales (OMS) to low-income groups, but has not imported
significant quantity of rice in FY 2013-14 as production was suffice to meet the local demand. During FY 2013-
14, the Bangladesh government sold rice at around Tk 24 per kilogram (around $303 per ton) under OMS. Data
from the Food Planning and Monitoring Unit shows that the average wholesale prices of rice in Bangladesh
currently stand at around Tk 34 per kilogram (around $430 per ton) and average retail prices stand at around TK
35.5 per kilogram (around $449 per ton).

The government of Bangladesh has set a target of importing around 200,000 tons of rice in next fiscal year
(2014-15) to replenish falling stocks in the country, according to the Directorate of Food. The UNs Food and
Agriculture Organization (FAO) and USDA estimate Bangladesh to import 400,000 tons (including government
and private sector) in 2014.
FAO Estimates Malaysia 2014-15 Rice Imports at 1.1 Million Tons, Up 10% from Last Year

Jul 07, 2014
The UN's Food and Agriculture Organization has estimated Malaysia's 2014-15 (July 2014 - June 2015) at
around 1.1 million tons, up about 10% from around 1 million tons imported in 2013-14 despite an expected


increase in production in 2014.The FAO estimates Malaysia's 2014 paddy rice production to increase to record
2.7 million tons (around 1.755 million tons, basis milled), up about 3% from around 2.63 million tons produced
in 2013 due to higher yields from favorable weather conditions and continued government support to the sector,
including subsidies on agricultural inputs and machinery.

Harvesting of the 2014 paddy crop Sarawak (mid-August - mid-May) has been completed and planting of the
2015 paddy crop Sabah has just started and will continue until late September.USDA estimates Malaysia to
produce around 2.7 million tons of paddy rice (around 1.755 million tons, basis milled) and import around 1.1
million tons of milled rice in 2014. It expects Malaysia's paddy rice production to increase to around 2.77
million tons (around 1.8 million tons, basis milled) in 2015 but expects imports to remain at estimated 2014
levels

FAO Calls for Sustainable Hybrid Rice Development to Boost Production in Asia

Jul 07, 2014
The UN's Food and Agricultural Organization (FAO) has called for a sustainable hybrid rice (HR) development
in Asia as part of the objectives of the Regional Rice Strategy (RRS) for the Asia and the Pacific, according to a
press release on the FAO website.Speaking at the "Regional Expert Consultation on Hybrid Rice Development
in Asia" in Bangkok, the Assistant Director-General (ADG) and FAO Regional Representative for Asia and the
Pacific said HR technology is one of the many options considered by the RRS "to increase the productivity and
nutrition value of rice sustainability to meet the increasing global demand." He noted that given the constraints
such as shortage of water, land and labor, adverse effects of climate change, and environmental problems,
production in many rice-producing countries has been stagnating in recent years.High-yielding hybrid rice
varieties can provide substantial increase in rice production under these circumstances, said the FAO ADG.

He noted that China has been proactive to increase hybrid rice acreage in the country to around 17 million
hectares over the last 40 years and could attain around 30% higher yields on an average. However, he expressed
dissatisfaction that other Asian rice producing countries such as India, Vietnam, Indonesia, Bangladesh,
Philippines, Pakistan and Myanmar have been slow in adopting HR technology, adding that these countries
together account for only 4 million hectares of hybrid rice acreage.He stressed the need for increasing rice
production in many Asian countries for domestic consumption or for meeting export demands in the coming
years. He called for further HR development and adoption in Asia adding that Chinese rice researchers as well
as the Philippines-based International Rice Research Institute (IRRI) have been working on increasing HR seed
production and supply to enhance HR planting.

The FAO ADG also noted that the "Regional Expert Consultation on Hybrid Rice Development in Asia" aims
at gathering expertise and knowledge on HR issues across the region, identifying technical and strategic
options, and eventually formulating a "Sustainable Hybrid Rice Strategy" for further developing HR technology


and usage in Asia. He assured that the adoption of HR technology would benefit several smallholder farmers in
the region.

Vietnam Exports Over 3 Million Tons Rice in January June 2014
Vietnam exported about 3.003 million tons of rice in first half of the year 2014, down about 14% from about 3.5
million tons of rice exported during same time last year, according to data from the Vietnam Food Association
(VFA). Average rice export price so far in this year stands at about $432 per ton (FOB), up about $1 per ton
from about $431 per ton recorded during same time in last year.

In June 2014, Vietnam
exported about 671,174 tons
of rice, down about 4% from
about 698,199 tons rice
exported in full month of
June 2013, and up about
15% from about 585,536
tons rice exported in full
month of May 2014.
Average export prices so far
in June stands at about $423
per ton, up about $13 per ton
from a year ago, and down
about $2 per ton from a
month ago.

Vietnam's rice exports
during June, 2014 include:
306,828 tons of 15-20%
broken rice (about 46% of
total rice exports in June
2014); 151,160 tons of 3-
10% broken rice (about 23%
of total rice exports in June
2014); 101,988 tons of
Aromatic rice (about 15% of
total rice export in June
2014); and 50,304 tons Nep
or glutinous rice (about 7%
of total rice exports in June
2014).


Asia was the major rice exporting destination for Vietnam rice so far in June 2014, with about 527,678 tons or
about 79% of total rice exports. The Americas was the second largest destination, accounting for of about
73,751 tons of rice exports (equivalent to about 11% of total rice exports in June 2014). Vietnam also exported
52,393 tons of rice to the Africa, about 8,416 tons of rice to the Europe, about 6,753 tons of rice to the Middle
East, and about 2,183 tons of rice to Australia in June 2014.
India Rice Stocks in Central Pool Reach 25.41 Million Tons on July 1, 2014; Down
19% from Last Year

Indias rice stocks in the central pool as of July 1, 2014 reached at about 25.41 million tons (including a milled
equivalent of about 6.424 million tons of paddy), down about 19% from about 31.51 million tons recorded
during the same time last year, according to data from the Food Corporation of India (FCI).Month-over-month,


India's rice stocks in the central pool are down by about 9% from about 28.03 million tons recorded on June 1,
2014. However, current rice stocks are more than double the required buffer and strategic reserve norms of
about 11.8 million tons for this time of the year, according to the FCI.Total food grain stocks (including rice and
wheat) in the central pool stand at around 66.41 million tons as of July 1, 2014, down about 10% from last
year's stock and down about 6% from last month. Meanwhile, wheat stocks stand at about 39.801 million tons,
down about 6% from last year and down about 4% from a month ago.

Vietnam, Pakistan Rice Sellers Increase Their Quotes Today; Other Asia Rice
Quotes Unchanged
Vietnam rice sellers increased their quotes for Jasmine rice by about $5 per ton to about $575 - $585 per ton
today. Pakistan rice sellers increased their quotes for 5% broken rice, 25% broken rice and parboiled rice by
about $5 per ton each to about $435- $445 per ton, $380 - $390 per ton and $435 - $445 per ton respectively
today. Thailand and India rice sellers kept their quotes unchanged.

5% Broken Rice

Thai 5% rice (of new crop) is quoted at around $405 - $415 per ton, about $10 per ton lower than Viet 5% rice
(of new crop) quoted at around $415 - $425 per ton.
Indian 5% rice is quoted at around $430 - $440 per ton, about $5 per ton lower than Pak 5% rice quoted at
around $435 - $445 per ton, up about $5 per ton from Friday.

25% Broken Rice

Thai 25% rice (of the old crop) was last quoted at around $350 - $360 per ton, about $15 per ton lower than Viet
25% rice (of new crop) quoted at around $365 - $375 per ton. Indian 25% rice is quoted at around $390 - $400
per ton, about $10 per ton above Pak 25% quoted at around $380 - $390 per ton, up about $5 per ton from
Friday.
Parboiled Rice
Thai parboiled rice (of the old crop) is quoted at around $425 - $435 per ton. Indian parboiled rice is quoted at
around $410 - $420 per ton, about $25 per ton lower than Pak parboiled rice quoted at around $435 - $445 per
ton, up about $5 per ton from Friday.
100% Broken Rice
Thai broken rice, A1 Super, (of the old crop) was last quoted at around $310 - $320 per ton, about $20 per ton
lower than Viet broken rice (of new crop) quoted at around $330 - $340 per ton. Indian broken sortexed rice is
quoted at around $315 - $325 per ton, about $10 per ton lower than Pak broken sortexed rice quoted at around
$325 - $335 per ton.

8th July 2014 Daily Exclusive E-Newsletter by Riceplus Magazine

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8th July 2014 Daily Exclusive E-Newsletter by Riceplus Magazine

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Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.

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