29th July, 2014 Exclusive ORYZA E-Newsletter by Riceplus Magazine

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

29
th
July, 2014
Exclusive ORYZA E-Newsletter by Riceplus Magazine
Oryza Global Rice Quotes
July 28th, 2014
Long grain white rice - high quality
Thailand 100% B grade 445-455
Vietnam 5% broken 460-470
India 5% broken 435-445
Pakistan 5% broken 435-445
Cambodia 5% broken 450-460
U.S. 4% broken 550-560
Uruguay 5% broken 625-635
Argentina 5% broken 620-630

Long grain white rice - low quality
Thailand 25% broken NQ
Pakistan 25% broken 375-385
Cambodia 25% broken 425-435
India 25% broken 390-400
U.S. 15% broken 530-540
Long grain parboiled rice
Thailand parboiled 100% stxd 440-450
Pakistan parboiled 5% broken stxd 450-460
India parboiled 5% broken stxd 420-430
U.S. parboiled 4% broken 630-640
Brazil parboiled 5% broken NQ
Uruguay parboiled 5% broken NQ
Long grain fragrant rice
Thailand Hommali 92% 1000-1010
Vietnam Jasmine 615-625
India basmati 2% broken NQ
Pakistan basmati 2% broken NQ

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

Cambodia Phka Malis 835-845
Brokens
Thailand A1 Super NQ
Pakistan 100% broken stxd 325-335
Cambodia A1 Super 350-360
India 100% Broken stxd 315-325
Egypt medium grain brokens NQ
U.S. pet food 470-480
Brazil half grain NQ
Medium grain milled
U.S. Calrose 4% broken 1025-1035
Egypt medium grain 6% NQ
All prices USD per ton, FOB vessel, oryza.com

FAO Estimates India 2014 Paddy Rice Production at 157.5 Million Tons,
Down 1% from Last Year
Jul 28, 2014

The UN's Food and Agricultural Organization (FAO) has estimated India's 2014 aggregate paddy rice
production (including the ongoing 2014 main and the 2014-15 secondary seasons) at around 157.5 million tons


(around 105 million tons, basis milled), down about 1% from around 159.43 million tons (around 106.29
million tons, basis milled) produced in 2013 due to expected impact of El Nino on paddy rice
production. Planting for the 2014 main Kharif season paddy crop (mid-May - December), which was
significantly delayed due to below-average monsoon rains in main rice producing areas in June and early July,
is underway. According to official estimates, planting for Kharif rice has reached around 16.571 million
hectares of rice area as of July 25, 2014, down about 16% from around 19.638 million hectares planted during
the same time last year. According to the India Meteorological Department (IMD), the cumulative rainfall for
the country as a whole from the beginning of the monsoon season (June - September) has been around 25%
below the normal levels. The monsoon deficit had been about 45% until June ending. Resuming of monsoon
rains since mid-July over the main eastern and central crop-producing areas helped improve soil moisture and
permitted rice transplanting operations to pick up.India exported over 10 million tons of rice in 2013 due to a
bumper harvest in 2013 and large carryover stocks. However, this year's exports are likely to slump due to
expected decline in rice production.
The retail rice prices in June remained stable in most markets supported by the government's ongoing
procurement program. The government aims to procure around 34.5 million tons of rice by the end of 2013-14
marketing year (October - September). According to official sources, India average rice prices stood at around
Rs.2,898.6 per quintal (around $482 per ton) in June 2014, slightly down from around Rs.2,915 per quintal
(around $494 per ton) in May 2014 and up about 7% from around Rs.2,709 per quintal (around $446 per ton) in
June 2013.USDA estimates India 2014-15 (October - September) paddy rice production at around 156 million
tons (around 104 million tons, basis milled), down about 2% from an estimated 159.45 million tons (around
106.29 million tons, basis milled) in MY 2013-14. It estimates India to export around 10 million tons in 2014.

Sri Lanka to Import 50,000 Tons of Rice from India
Jul 28, 2014
Sri Lankan Cabinet has approved the recommendation of the Ministry of Internal Trade
(MoIT) to import around 50,000 tons of rice from India to make up for shortfalls from
production, according to local sources.Sri Lanka paddy production from both 2014 Yala
(April - September 2014) and 2013-14 Maha (September 2013 - April 2014) seasons is
likely to be severely affected by prolonged drought in the North Central and Eastern
Provinces.
According to a MoIT Spokesperson, the Ministry, the imports are also expected to help curb price hikes as well
as to fill shortages occurring from hoarding of stocks by some traders. He noted that the special commodity levy
imposed on rice, which was reduced in April this year to Rs.5 per kilogram to combat shortages in the market,
will continue till the end of this year to manage market prices.


The UN's Food and Agricultural Organization (FAO) estimates Sri Lanka to produce around 2.65 million tons
of milled rice in 2014, down about 16% from around 3.14 million tons in 2013. It estimates Sri Lanka toUSDA
estimates Sri Lanka to produce around 2.8 million tons of rice, basis milled, in MY 2014-15 (October 2014 -
September 2015), down about 1.5% from an estimated 2.84 million tons the previous year. USDA estimates Sri
Lanka to import around 20,000 tons in both 2014 and 2015.
Homegrown GM Rice Found in Chinas Supermarkets
Jul 28, 2014
Three out of five bags of rice randomly picked at supermarkets in the central Chinese province of Wuhan in
Hubei were genetically modified (GM) rice. This comes as a shocker to China because the government had
never approved either the sale or cultivation of GM rice.This is the second time that Hubei recorded the
presence of GM rice. In May, environmental organization Greenpeace said it found four out of 15 samples of
rice on sale in Wuhan with GM materials. Greenpeace said that the three Bt63 samples was from Huazhong
Agricultural University.Farmers in the district admitted that Bt63, a GM rice variety known to be pest resistant,
offered farmers savings of about 200 yuan per mu (0.67 hectares) of land. Investigations revealed that the sale
of GM rice seeds are happening on the sly in the district. In the neighbouring village, it is available for 80 yuan
per kilogram, Chinas CCTV reported.In the 90s, seed companies could effortlessly acquire Bt63 as regulations
were lax. They can cultivate the crop and sell the seed to farmers as the samples are not tested for GM content.
Surprisingly, its not just in China but Chinese imports also reportedly have been found to contain GM seeds.
Now, the European Union insists on a certificate of approval before Chinese rice products are imported to the
continent. In China, All GMO rice is approved only for scientific research, not for commercial purposes.
Tags: Rice, rice news, China, GM, supermarket, Bt63

Over 92% of Italy 2013-14 Paddy Crop Sold as of July 22, 2014; Two
Months Until New Crop Harvest
Jul 28, 2014
Over 92%, or around 1.31 million tons of total Italian 2013-14 paddy crop is sold out as of July 22, 2014, down
about 12% from around 1.5 million tons sold during the same period last year. Around 119,840 tons of rice is
remaining from the 2013-14 crop and two months are remaining before the new harvest.While about 99.2% of
Long A variety is sold out, only 85.9% of Long B is sold. However, last year by this time, more of Long B
variety (about 94.6%) was sold out compared to Long A variety (about 89.4%).


In the week July 15 - 22, 2014, a total of 24,118 tons of paddy were sold, including about 6,242 tons of Long A
and about 12,947 tons of Long B. About 4,879 tons of round paddy was sold during the week. Nearly 93% or
346,740 tons of round paddy was sold since the beginning of crop year (September 1, 2013), down about 3%
from around 358,800 tons sold during the same period last year. About 50 tons of medium paddy was sold
during the week. Nearly 86.6% or 24,869 tons of medium paddy was sold since the beginning of crop year
(September 1, 2013), down about 34% from around 38,725 tons sold during the same period last year.
Around 9,000 tons of paddy (all varieties) from the 2012-13 crop year were available as beginning stocks for
the 2013-14 crop year. A total of around 1.45 million tons of paddy was available as beginning stocks in 2013-
14, down about 12% from around 1.65 million tons available last year.
Tags: Italy paddy rice crop, Long grain varieties, Round paddy

Oryza U.S. Rough Rice Recap - Old Crop Prices Increase Slightly as Supplies
Shrink; New Crop Prices Hold Steady at Steep Discount
Jul 28, 2014
As of today, old crop offers held steady around $15.25 per cwt fob farm (about $336 per ton) for August
shipment while others are looking for at least $16.00 per cwt fob farm (about $355 per ton) before the end of the
marketing year.Bids from exporters could still be seen around $14.25 per cwt (about $314 per ton) for August
delivery while some smaller mills are still said to be bidding around $16.00 per cwt (about $353 per ton) for the
same delivery period. However, there were reports of rice trading around $15.25 per cwt delivered (about $336
per ton).As for new crop, offers could be seen around $13.33 per cwt fob farm (about $294 per ton) while bids
were seen closer to $12.85-$13.25 per cwt (about $282-$292 per ton) for September-October shipment.
In the meantime, the USDA estimates that as of July 27, 42% of the U.S. rice crop had headed which was 8%
greater than this time last year but 2% less than the previous 5-year average. As of now, the USDA estimates
that 31% of the rice crop in Arkansas has headed compared to 20% in California, 86% in Louisiana, 58% in
Mississippi, 40% in Missouri, and 81% in Texas.The USDA also considers 71% of the U.S. crop to be in good-
to-excellent condition, which was unchanged from last week and 2% more than this time last year, compared to
63% in Arkansas, 80% in California, 80% in Louisiana, 86% in Mississippi, 65% in Missouri, and 54% in
Texas.
Tags: U.S. rice prices; U.S. rice market

Oryza Rice Currency Analysis for Today Currencies Little Changed


Jul 28, 2014
U.S. dollar index was weaker -0.03% from the open today, when it traded at 81.005 at the close.
Euro was stronger +0.02% by the close, trading around 1.3439 by end of day, after trading between an intraday
high of 1.3446 and low of 1.3428.
Thai baht was unchanged, trading at 31.810 at the close of business.
Indian rupee was -0.05% weaker at 60.1375.
Brazilian real was stronger +0.33% at 2.2224 reais per dollar.
Pakistan rupee was -0.04% weaker at 98.7850.
Vietnamese dong was unchanged at 21228.
Mexican peso was weaker -0.11% today, when it traded at 13.0019 pesos per dollar by the close of business.
Chinese yuan was stronger +0.07% at 6.1874.
Tags: foreign exchange rates, Rice currencies, Global rice trade

Oryza Afternoon Recap - Chicago Rough Rice Futures Close Slightly Lower
after Dull Trading Session
Jul 28, 2014
Chicago rough rice futures for Sep delivery settled 1.5 cents per cwt (about 33 cents per ton) lower at $12.925
per cwt (about $285 per ton). The other grains finished the day mostly higher; soybeans closed about 2.2%
higher at $11.0775 per bushel; wheat finished about 0.6% lower at $5.3475 per bushel, and corn finished the
day about 1.3% higher at $3.7675 per bushel.U.S. stocks turned higher on Monday as investors looked to
economic reports, earnings and the Federal Reserve's mid-week policy decision. Benchmark indexes were well
off session lows in afternoon trade. After an 82-point drop, the Dow Jones Industrial Average was more
recently up 38.77 points, or 0.2%, at 16,999.34. The S&P 500 advanced 2.79 points, or 0.1%, to 1,981.13, with
utilities faring best and industrials down the most among its 10 major sectors. The Nasdaq added 2.86 points, or
0.1%, to 4,452.43. The Fed's next policy move comes at the end of a two-day session on Wednesday, with the
central bank expected to cut its monthly asset purchases another $10 billion to $25 billion. Gold is trading
marginally higher, crude oil is seen trading about 0.1% lower, and the U.S. dollar is seen trading marginally


lower at about 1:00pm Chicago time.Friday, there were 637 contracts traded, up from 146 contracts traded on
Thursday. Open interest the number of contracts outstanding on Friday increased by 219 contracts to 8,630.
Tags: U.S. rice prices; U.S. rice market; Chicago rough rice futures
Vietnam Rice Sellers Increase Most of Their Quotes Today; Other
Asia Rice Quotes Unchanged
Jul 28, 2014
Vietnam rice sellers increased most of their quotes by about $5 - $10 per ton today. Other Asia rice sellers kept
their quotes unchanged today.
5% Broken Rice
Thailand 5% rice (of new crop) is quoted at around $430 - $440 per ton, about $20 per ton discount to Vietnam
5% rice quoted at around $460 - $470 per ton, up about $10 per ton from Friday. India 5% rice is quoted at
around $435 - $445 per ton, on par with Pakistan 5% rice quoted at around $435 - $445 per ton.
25% Broken Rice
Thailand 25% rice (of the old crop) was last quoted at around $350 - $360 per ton, about $50 per ton discount to
Vietnam 25% rice quoted at around $405 - $415 per ton, up about $5 per ton from Friday. India 25% rice is
quoted at around $390 - $400 per ton, about $15 per ton premium on Pakistan 25% quoted at around $375 -
$385 per ton.

arboiled Rice
Thailand parboiled rice (of the old crop) is quoted at around $440 - $450 per ton. India parboiled rice is quoted
at around $420 - $430 per ton, about $30 per ton discount to Pakistan parboiled rice quoted at around $450 -
$460 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, (of the old crop) was last quoted at around $310 - $320 per ton, about $35 per
ton discount to Vietnam broken rice quoted at around $355 - $365 per ton, up about $10 per ton from Friday.
India broken sortexed rice is quoted at around $315 - $325 per ton, about $10 per ton discount to Pakistan
broken sortexed rice quoted at around $325 - $335 per ton.


Tags: Vietnam rice prices, India rice prices, Thailand rice prices, pakistan rice prices

Vietnam Exports 3.345 Million Tons of Rice in January 1 - July 22,
2014
Jul 28, 2014

Vietnam exported around 3.345 million tons of rice in January 1 - July 22, 2014, down about 18% from around
4.1 million tons of rice exported in first seven months of 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 around $429 per ton recorded during same time in last year.During January 1 July 22, 2014,
Vietnam exported about 355,543 tons of rice, down about 38% from about 576,398 tons rice exported in full
month of July 2013, and down about 47% from about 671,174 tons rice exported in full month of June 2014.
Average export prices so far in July stand at about $435 per ton, up about 5% per ton from a year ago, and up
about 3% per ton from a month ago.
Vietnam's rice exports during July 1-22, 2014 include: 151,621 tons of 15-20% broken rice (about 44% of total
rice exports in July 2014); 82,125 tons of 3-10% broken rice (about 24% of total rice exports in July 2014);
63,544 tons of Aromatic rice (about 18% of total rice export in July 2014); and 29,267 tons Nep or glutinous
rice (about 8% of total rice exports in July 2014).
Asia was the major rice exporting destination for Vietnam rice so far in July 2014, with about 267,151 tons or
about 76% of total rice exports. The Americas was the second largest destination, accounting for of about
43,247 tons of rice exports (equivalent to about 13% of total rice exports in July 2014). Vietnam also exported
22,695 tons of rice to the Africa, about 5,542 tons of rice to the Europe, about 4,560 tons of rice to the Middle
East, and about 1,348 tons of rice to Australia in July 2014.
European Union MY 2014-15 Milled Rice Production, Imports,
Exports to Decline y/y

European Union (EU) total milled rice production (Japonica and Indica) is expected to decline to around 1.738
million tons in the marketing/crop year (MY) 2014-15 (September 2014 - August 2015), down about 2% from
an estimated 1.77 million tons in MY 2013-14, according to the latest balance sheet published by the EU
Directorate General for Agriculture and Rural Development (EU-DGARD). The EU-DGARD estimates


production of Japonica rice to increase to around 1.148 million tons in MY 2014-15, up about 7% from an
estimated 1.077 million tons produced in the previous year.

However, the EU-DGARD estimates production
of Indica rice to decline to around 590,000 tons in
MY 2014-15, down about 15% from around
693,000 tons produced last year.The EU-DGARD
forecasts the total rice acreage in MY 2014-15 to
remain stable at last year's acreage of around
425,000 hectares.The agency forecasts EU milled
rice exports (to third countries) to decline to
around 160,000 tons in MY 2014-15, down about
36% from an estimated 250,000 tons in the
previous year. It forec asts EU milled rice imports


(from third countries) also to decline to around 970,000 tons, down about 3% from an estimated 1 million tons
last year.The EU-DGARD forecasts the EU ending stocks in MY 2014-15 to decline to around 390,000 tons,
down about 11% from an estimated 440,000 tons in the last year.

FAO Forecasts Venezuela Rice Imports to Increase in 2014
Jul 28, 2014

The UN's Food and Agriculture Organization (FAO) has
forecasted Venezuela to import more rice in MY 2014-15
(July - June) based on MY 2013-14 import data.
Venezuela's total cereal imports, including rice, increased to
around 4.7 million tons in the just-concluded MY 2013-14
(July - June), up about 23% from around 3.8 million tons in
MY 2012-13. The FAO has forecasted 2014 Venezuela paddy
rice production at around 940,000 tons, almost unchanged
from last year. Planting of the 2014 secondary rice crop
(February - November) is complete. But below-average rains
between April - mid-July in the main rice producing areas,
unfavorable vegetation conditions and insufficient
precipitation are expected to reduce yields of early-planted
crops.Consumer prices in Venezuela increased for the third
consecutive month in May. Consumer price index has been
increasing due to high demand for various food items
including rice. It reached around 834.9 points in May 2014, up
about 75% from around 477 points in May 2013. USDA
estimates Venezuela paddy rice production to increase to
around 575,000 tons (around 390,000, basis milled) in MY
2014-15 (April - March), up about 1% from an estimated 567
tons (around 385,000 tons, basis milled) in MY 2013-14 It also expects Venezuela rice imports to increase to
around 425,000 tons in 2015, up about 36% from an estimated 312,000 tons last year. USDA estimates
Venezuela rice exports to increase to around 150,000 tons in 2015, up about 50% from an estimated 100,000
tons last year.

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