4th September, 2014 Daily 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

4
th
September, 2014

Latest News Headlines
Brazil Paddy Rice Index Up Slightly from Last Week
IGC Forecasts 2014 Global Rice Trade at 40 Million Tons, Up
5% from Last Year
High Rice Prices to Continue Amid Short Supplies, Warns
Philippines DA
How Much Rice Should You Donate for the
#RiceBucketChallenge? More Years, More Rice
Oryza Global Rice Quotes
Oryza Overnight Recap - Chicago Rough Rice Futures Seen
Mixed as Other Grains Weigh on New Crop Futures
Oryza Afternoon Recap - Chicago Rough Rice Futures Remain
Under Pressure from Sliding Grain Prices
Vietnam, India rice Sellers Increase Some of Their Quotes Today;
Other Asia Rice Quotes Unchanged
South Korea Buys 9,090 Tons of Chinese Non-Glutinous Rice in
Tender; Passes on Tender for 10,000 Tons
Thai Attorney-General to Decide on Prosecution of Ex-Prime
Minister Tomorrow
Thailand to Sign New Rice MOU with Philippines
USDA Post Forecasts Thailand 2014 Rice Exports at 9.5 Million
Tons, Up 34% from Last Year

NEWS DETAILS:

Brazil Paddy Rice Index Up Slightly from Last Week
Sep 03, 2014

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

The Brazilian paddy rice index
maintained by CEPEA reached around
36.74 real per 50 kilograms as of
September 1, 2014, up about 0.7%
from around 36.49real per 50
kilograms recorded on August 25,
2014.In terms of USD per ton, the
index reached around $329 per ton on
September 1, 2014, up about 2.6%
from around $321 per ton recorded on
August 25, 2014.

Tags: Brazil paddy rice index, Brazil CEPEA rice price index.
IGC Forecasts 2014 Global Rice Trade at 40 Million
Tons, Up 5% from Last Year
Sep 03, 2014

The International Grains Council (IGC) has estimated 2014
global rice trade at around 40 million tons, up about 5% from
around 38 million tons in 2013 due to increased imports by
Far East Asian countries such as China, Indonesia and the
Philippines, as well as the African nations. On the imports
side, the IGC is forecasting China's imports to increase about
3% to 3.2 million tons, Indonesia's imports to more than
double to around 1.4 million tons and the Philippines imports
to nearly triple to around 2.1 million tons.

It is also forecasting total rice imports to sub-Saharan Africa at 14.1 million tons, almost unchanged from last year. On the
exports side, the IGC forecasts India's exports to decline 10% y/y to around 9.4 million tons and Thailand's exports to
increase 36% y/y to around 9 million tons.The IGC is forecasting 2015 global rice trade to cross 40 million tons with
increased purchases from China, Indonesia, the Philippines and the sub-Saharan African countries. It expects exporters


such as India and Vietnam to face stiff competition from Thailand in 2015, and also forecasts Thailand to reclaim its
world number one rice exporter status.The IGC estimates 2013-14 global rice production at around 476 million tons, up
about 1% from around 472 million tons in 2012-13 due to improved output in South Asia, South America and sub-
Saharan African countries. It is projecting 2014-15 global rice production to increase further to around 478 million tons
due to increased output from China, Brazil and the U.S.

However, it expects India's output to decline 3% to around 103 million tons due to delayed monsoons in June - September
2014.It expects 2013-14 global rice consumption to increase to around 476 million tons, up about 2% from around 469
million tons in 2012-13 due to expected increased consumption in Asian countries including India and China. It estimates
2014-15 global rice consumption to further increase to 482 million tons due to expected increase in demand from African
as well as North and Central American countries.The IGC expects 2013-14 world rice ending stocks to decline to around
109 million tons from around 110 million tons in the previous year.

It expects inventories of major rice exporters to decline slightly to around 39.4 million tons, down 1% from around 39.7
million tons last year mainly due to higher stock depletion in India and Thailand. The IGC estimates 2014-15 global
ending stocks to decline to around 105.4 million tons due to significant declines in India and Thailand. Ending stocks of
major exporters are expected to decline 13% y/y to around 34.5 million tons.
High Rice Prices to Continue Amid Short Supplies,
Warns Philippines DA


The Philippines Department of Agriculture (DA) has warned that high rice prices would continue until the new harvest
begins to enter the market in October due to delay in government's procurement of additional supplies, according to local
sources.The National Food Authority (NFA) has cancelled the bidding for 500,000 tons of 25% broken white rice imports
as the bids were higher than expected. Due to this arrival of adequate quantities of rice is being delayed, said the
Agriculture Assistant Secretary. The NFA is yet to announce the mode of importation of the said 500,000 tons.He also
noted that paddy rice planting has been delayed in around 77,000 hectares of rain fed areas due to fears of El Nino.
Farmers have postponed their planting to July and harvest the same in October.
Due to this delay in planting, he noted that third-quarter harvest is expected at around 3 million tons, down about 10%
from around 3.3 million tons produced during the same period last year.Increased withdrawals from NFA warehouses to
ensure adequate supplies in the market has reduced government's rice stocks to 14 days, which much below the 30-day
threshold.All these factors have led to higher farm gate prices, he said. As of August 26, 2014, farm gate prices of paddy
stood at around P21.3 per kilogram (around $488 per ton), up about 17% from around P18.2 per kilogram (around $417
per ton) during the same period last year.
Domestic prices of regular and well-milled rice also increased sharply in July 2014 due to inadequate supplies and
concerns regarding domestic crop losses following typhoon Glenda.USDA estimates Philippines MY 2014-15 (July -
June) paddy rice production at around 19.37 million tons (around 12.2 million tons, basis milled), up about 3% from
around 18.75 million tons (around 11.8 million tons, basis milled) produced in the previous year. It estimates Philippines
2014-15 milled rice exports at around 1.6 million tons, up about 10% from last year.

Tags: Philippines rice prices, Philippines Department of Agriculture, Philippines Rice Production
How Much Rice Should You Donate for the
RiceBucketChallenge? More Years, More Rice
Sep 03, 2014
Growing old is inevitable. Growing up is optional, says Calvin in Calvin & Hobbes. Mughda Rane, a 25-year-old girl
from Mumbai in central India, has proven that one can grow old, donate as many kilograms of rice as one is old and still
make it sure they've had fun and grew up too.
Mughda donated 25 kg rice to several people in Mumbai to celebrate her birthday as part of the current Indian online rage
- the Rice Bucket Challenge.Check out Mughda in www.facebook.com/ricebucketchallenge and see how one can use rice
donation as a good deed on one's birthday as a great way to grow up responsibly. The Rice Bucket Challenge, as you all
know, is an initiative taken up by Orzya.com earlier this month.


Tags: rice bucket challenge, Oryza, Rice, how to, rice news, birthday
Oryza Global Rice Quotes

September 3rd, 2014


Long grain white rice - high quality

Thailand 100% B grade 440-450
Vietnam 5% broken 445-455
India 5% broken 440-450
Pakistan 5% broken 415-425
Cambodia 5% broken 465-475
U.S. 4% broken 535-545
Uruguay 5% broken 610-620
Argentina 5% broken 610-620

Long grain white rice - low quality
Thailand 25% broken NQ
Pakistan 25% broken 370-380
Cambodia 25% broken 450-460
India 25% broken 390-400
U.S. 15% broken 525-535

Long grain parboiled rice
Thailand parboiled 100% stxd 430-440
Pakistan parboiled 5% broken stxd 440-450
India parboiled 5% broken stxd 430-440
U.S. parboiled 4% broken 630-640
Brazil parboiled 5% broken 595-605
Uruguay parboiled 5% broken NQ

Long grain fragrant rice
Thailand Hommali 92% 1050-1060
Vietnam Jasmine 580-590
India basmati 2% broken NQ
Pakistan basmati 2% broken NQ
Cambodia Phka Malis 880-890

Brokens
Thailand A1 Super NQ
Pakistan 100% broken stxd 330-340
Cambodia A1 Super 360-370
India 100% Broken stxd 345-355
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

Oryza Overnight Recap - Chicago Rough Rice Futures
Seen Mixed as Other Grains Weigh on New Crop
Futures

Sep 03, 2014

Chicago rough rice futures for Nov delivery are seen 2 cents per cwt (about $0.44 per ton) higher at $12.630 per cwt
(about $278 per ton) ahead of floor trading in Chicago. The other grains are seen lower this morning: soybeans are
currently seen 0.5% lower, wheat is listed about 1.8% lower and corn is noted about 1% lower. U.S. stock index futures
and European indexes traded higher on Wednesday amid the possibility of a "cease-fire" between Russia and Ukraine.
Mutual understanding was achieved concerning the steps which will enable the establishment of peace," the Ukrainian
presidential press office said on Wednesday, following a telephone conversation between President Petro Poroshenko and
Russian premier, Vladimir Putin. However, the press office later toned down the statement after Russia denied the deal.

The focus in the U.S. on Wednesday will be July factory orders, with August vehicle sales data also due to be released.
The former are expected to show record growth of more than 10% on the month, with durable goods orders already
known to have jumped by 22.6% in July, in part due to surging aircraft orders. Domestic vehicle sales for July appear on
track to have picked up further, and now stand at around pre-crisis levels. U.S. stocks mostly fell on Tuesday, but the S&P
500 held above 2,000 after hitting another intraday record. U.S. stock index futures are currently trading about 0.4%
higher, gold is currently trading about 0.2% higher, crude oil is seen trading about 1.3% higher, and the U.S. dollar is
currently trading about 0.1% lower at 8:45am Chicago time.
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market
Oryza Afternoon Recap - Chicago Rough Rice Futures Remain
Under Pressure from Sliding Grain Prices


Sep 03, 2014
Chicago rough rice futures for Nov delivery settled 8.5 cents per cwt (about $2 per ton) lower at $12.525 per cwt (about
$276 per ton). Rough rice futures remain under pressure as the market prepares for a large harvest and as outside markets
provide downward pressure. The other grains closed sharply lower today; soybeans closed about 1.2% lower at $10.2000
per bushel; wheat finished about 3.7% lower at $5.2350 per bushel, and corn finished the day about 3.2% lower at
$3.5200 per bushel.
U.S. stocks traded mixed on Wednesday amid economic data and announcements from central banks. The Fed released its
Beige Book, a monthly report on economic situations in each of the Fed's twelve districts, finding modest to moderate
expansion. The European Central Bank is scheduled to hold its monthly policy meeting on Thursday and may announce
the launch of a bond buying program. Earlier, stocks had opened positive on the possibility of a cease-fire between
Ukraine and Russia. Boosted by transports, July factory orders rose 10.5%, signifying a trend of stronger manufacturing.
The Dow Jones Industrial Average rose 42 points, or 0.25%, at 17,110. The S&P 500 traded flat near 2,003, with utilities
leading the seven advancing sectors and information technology hit by Apple's decline. The Nasdaq lost early gains to
trade 16 points lower, or 0.35%, at 4,582. Gold is trading about 0.5% higher, crude oil is seen trading about 3% higher,
and the U.S. dollar is seen trading about 0.1% lower at about 1:00pm Chicago time.
Tuesday, there were 573 contracts traded, down from 806 contracts traded on Friday. Open interest the number of
contracts outstanding on Tuesday increased by 59 contracts to 8,802.
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market

Vietnam, India rice Sellers Increase Some of Their
Quotes Today; Other Asia Rice Quotes Unchanged
Sep 03, 2014

Vietnam rice sellers increased their quotes for Jasmine rice by about $5 per ton to around $580 - $590 per ton today. India
rice sellers increased their quotes for 5% broken rice and parboiled rice by about $5 per ton each to around $440 - $450
per ton and around $430 - $440 per ton respectively. Other Asia sellers kept their quotes mostly unchanged today .
5% Broken Rice
Thailand 5% rice is quoted at around $425 - $435 per ton, about $20 per ton discount to Vietnam 5% rice quoted at
around $445 - $455 per ton. India 5% rice is quoted at around $440 - $450 per ton, up about $5 per ton from yesterday,
and about $25 per ton premium on Pakistan 5% rice quoted at around $415 - $425 per ton.


25% Broken Rice
Thailand 25% rice was last quoted at around $350 - $360 per ton, about $50 per ton discount to Vietnam 25% rice quoted
at around $400 - $410 per ton. India 25% rice is quoted at around $390 - $400 per ton, about $20 per ton premium on
Pakistan 25% rice quoted at around $370 - $380 per ton.
Parboiled Rice
Thailand parboiled rice is quoted at around $430 - $440 per ton. India parboiled rice is quoted at around $430 - $440 per
ton, up about $5 per ton from yesterday and about $10 per ton discount to Pakistan parboiled rice last quoted at around
$440 - $450 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, was last quoted at around $310 - $320 per ton, about $30 per ton discount to Vietnam
broken rice quoted at around $340 - $350 per ton. India broken sortexed rice is quoted at around $345 - $355 per ton,
about $15 per ton premium on Pakistan broken sortexed rice quoted at around $330 - $340 per ton.
Tags: Vietnam rice prices, India rice prices, Thailand rice prices, pakistan rice prices
South Korea Buys 9,090 Tons of Chinese Non-
Glutinous Rice in Tender; Passes on Tender for
10,000 Tons
Sep 03, 2014
South Korea's state run Agro-Fisheries & Food Trade Corporation (KAFTC) has purchased 9.090 tons of non-
glutinous rice of Chinese origin for delivery by December 31, 2014, according to a notice on its website.The
results are for tender that closed on August 25, 2014. The KAFTC will buy 6,980 tons of short/medium grain
milled rice at about $998 per ton and 2,110 tons of short/medium grain milled rice at about $997 per ton.The
KAFTC originally issued tenders to buy 47,378 tons of non-glutinous rice from China and the U.S. On August
27, KAFTC purchased 28,288 tons of non-glutinous rice of Chinese and the U.S. origins for delivery between
December 15-31, 2014.The Korean agency passed on tender for the remaining 10,000 tons of medium type
milled rice saying conditions were unmet.
Tags: South Korea rice tender, South Korea Agro-Fisheries Corporation (KAFTC), Non-glutinous rice, Milled Rice, brown rice


Thai Attorney-General to Decide on Prosecution of
Ex-Prime Minister Tomorrow
Sep 03, 2014

The Office of the Attorney-General (AG) in Thailand will have to decide by tomorrow whether to prosecute the
former Prime Minister Yingluck Shinawatra based on the existing evidences provided by the National Anti-
Corruption Commission (NACC) or seek more evidences from the NACC, according to local sources.
The former PM is facing charges of ignoring warnings against misdealing in the controversial rice pledging
scheme, which brought losses of about 500 billion baht (around $15.6 billion) to the exchequer.
A constitutional organic law related to holders of political positions mandated the AG to prosecute the accused
politician after receiving the case from the NACC within 30 days, said the Deputy Spokesperson of the Office
of the AG. She noted that the 30-day time frame ends tomorrow.
If the AG is satisfied with evidences and decides to continue with the Ex-PM's prosecution, the AG would
announce the same at a press conference, she told local sources. If he needs more evidences, he would forward
the case back to the NACC, she added.
A team of prosecutors have reportedly examined the case and have submitted their findings to the AG.
Tags: Thai rice pledging scheme, Yingluck Shinawatra, Office of the Attorney-General
Thailand to Sign New Rice MOU with Philippines
Sep 03, 2014

Thailand's Commerce Ministry will sign a new Memorandum of Understanding (MOU) with the Philippines
government committing to sell one million tons of rice annually to the Philippines from 2014-2016, according
to local sources.The National Council for Peace and Order (NCPO) authorized the Commerce Ministry to sign
the new MOU, which will allow Thailand to participate in all the rice auctions conducted by the Philippines as
well as under government-to-government (G2G) deals.In January - July 2014, Thailand sold around 126,866
tons of rice to the Philippines, almost 14 times of around 8,884 tons sold during the same period last year,
according to data from the TREA.


Thai Commerce Ministry is aiming to sell around 1.45 million tons of rice to the Philippines this year. It sold
120,000 tons and 767,000 tons respectively in 2012 and 2013.Thai exporters say the Philippines government
has shifted to buying rice from Vietnam for the last couple of years as the rice pledging scheme made Thai rice
less competitive. The scheme had set rice mortgage prices higher than market prices and effectively Thai export
price also shot up prompting many buyers to shift to cheaper rice from Vietnam or India. The President of the
Thai Rice Exporters Association (TREA) expects the new MOU to help them re-establish their lost market in
the Philippines. Thailand sold 5.62 million tons of rice in the first seven months of 2014, up about 55% from
around 3.63 million sold during the same period last year.Local sources say the NCPO has decided to extend the
existing MOU, which is due to expire by the end of 2015, by another year.
Tags: Thailand-Philippines Rice MOU, Thailand rice exports, Philippines rice imports
USDA Post Forecasts Thailand 2014 Rice Exports at
9.5 Million Tons, Up 34% from Last Year
Sep 03, 2014

USDA Post has forecasted Thailand's 2014 rice exports to increase to around 9.5 million tons, up about 34%
from around 6.7 million tons last year and up about 5.5% from USDA's official estimates of around 9 million
tons.The Post attributes the expected increase to competitive prices of Thai rice, which resulted from sales of


government stocks, as well as tight supplies of Vietnamese rice. The Thai government auctioned off nearly 4
million tons of rice in January - May 2014 before the military government took over on May 24, 2014.Thailand
sold around 5.6 million tons of rice in January - July 2014, up about 56% from around 3.6 million tons exported
in same period last year.

The Post expects the pace of exports to continue in the second of 2014 as well due to increased demand from
China, Indonesia and the Philippines as well as abundant supplies from the MY 2014-15 crop that will enter the
market from October.Prices of Thai 5% broken rice presently stand at around $430 per ton, close to Vietnamese
prices. They fell to around $395 per ton in May 2014 due to excessive sales by the Thai government, and
increased after the military government halted rice sales to carry out nationwide inspection of rice stocks.
The Post estimates Thailand's MY 2013-14 (January 2014 - December 2014) paddy rice production at around
31 million tons, slightly up from around 30.6 million tons produced last year.
Tags: Thailand rice exports, Thailand rice production, Thailand rice sales. Thailand rice prices

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+92 321 369 2874

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