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

com
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19
th
September , 2014





TOP Contents - Tailored for YOU
Latest News Headlines
NEWS DETAILS:
Asia Rice Quotes Unchanged Today
Bangladesh Cabinet Committee Approves 50,000 Tons of Rice
Exports to Sri Lanka
Oryza Global Rice Quotes
Exact Losses from Rice Pledging Scheme Can be Estimated Only
After Rice Sales, Says BAAC President
Thailand Considers New Panel to Address Rice Issues
Oryza Afternoon Recap - Chicago Rough Rice Futures Move Higher
Despite Unimpressive Export Sales and Bearish Grains
Oryza U.S. Rough Rice Recap - Little Trading amid Declining Exports
Oryza Overnight Recap - Chicago Rough Rice Futures Attempt to
Recover Following Steep Selloff Yesterday
India Government Procures 31.542 Million Tons of Rice as of
September 16, 2014 in KMS 2013-14
Oryza Weekly Global Rice Weather Recap
Revived Monsoons Raise Prospects for India Rice Production and
Exports
SUPARCO Estimates Pakistan FY 2014-15 Milled Rice Production to
Cross 7 Million Tons Due to Better Irrigation Facilites



News Detail




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Asia Rice Quotes Unchanged Today
Sep 18, 2014
Asia sellers kept their quotes mostly unchanged today.
5% Broken Rice
Thailand 5% rice is quoted at around $430 - $440 per ton, about $10 per ton discount to Vietnam 5% rice shown
at around $440 - $450 per ton. India 5% rice is quoted at around $435 - $445 per ton, about $15 per ton
premium on Pakistan 5% rice quoted at around $420 - $430 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 shown 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 $420 -
$430 per ton, about $20 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 $25 per ton discount to
Vietnam broken rice shown at around $335 - $345 per ton.
India broken sortexed rice is quoted at around $330 - $340 per ton, about $5 per ton premium on Pakistan
broken sortexed rice quoted at around $325 - $335 per ton.
Tags: Vietnam rice prices, India rice prices, pakistan rice prices, Thailand rice prices
Bangladesh Cabinet Committee Approves 50,000
Tons of Rice Exports to Sri Lanka



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Sep 18, 2014
The Cabinet Committee of Economic Affairs (CCEA) has approved the Bangladesh government's proposal to
export 50,000 tons of rice to Sri Lanka, according to local sources.The Finance Minister told local sources that
the price of the exports would be decided shortly after considering the international rice prices. He noted that
the country has adequate stocks and can accommodate the exports.The South Asian country normally exports
aromatic rice in small quantities. During the last two financial years (July - June), it exported aromatic rice
worth Tk77 crore (around $9.7 million), according to government data.The Bangladesh government currently
holds a stock of 1.1 million tons of rice, according to local sources.The government considered exports to Sri
Lanka, whose production is likely to be impacted by a severe drought, despite a continuing ban on non-fragrant
rice exports to help Sri Lanka with food security, said the Finance Minister.
Tags: Bangladesh rice exports, Bangladesh rice stocks, Sri Lanka rice imports
Oryza Global Rice Quotes
September 19th, 2014
Long grain white rice - high quality
Thailand 100% B grade 455-465
Vietnam 5% broken 440-450
India 5% broken 435-445
Pakistan 5% broken 420-430
Cambodia 5% broken 465-475
U.S. 4% broken 525-535
Uruguay 5% broken 610-620
Argentina 5% broken 610-620

Long grain white rice - low quality
Thailand 25% broken NQ
Vietnam 25% broken 400-410
Pakistan 25% broken 370-380
Cambodia 25% broken 450-460
India 25% broken 390-400
U.S. 15% broken 515-525
Long grain parboiled rice
Thailand parboiled 100% stxd 430-440
Pakistan parboiled 5% broken stxd 440-450
India parboiled 5% broken stxd 420-430



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U.S. parboiled 4% broken 600-610
Brazil parboiled 5% broken 595-605
Uruguay parboiled 5% broken NQ

Long grain fragrant rice
Thailand Hommali 92% 1065-1075
Vietnam Jasmine 585-595
India basmati 2% broken NQ
Pakistan basmati 2% broken NQ
Cambodia Phka Malis 880-890

Brokens
Thailand A1 Super NQ
Vietnam 100% broken 335-345
Pakistan 100% broken stxd 325-335
Cambodia A1 Super 360-370
India 100% Broken stxd 330-340
Egypt medium grain brokens NQ
U.S. pet food 460-470
Brazil half grain NQ

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

Exact Losses from Rice Pledging Scheme Can be
Estimated Only After Rice Sales, Says BAAC
President
Sep 18, 2014
In May this year, Thailand's Finance Ministry estimated the losses from
the rice pledging scheme at around 500 billion baht (around $15 billion)
and noted that they may rise further. But the President of the Bank of
Agriculture and Agricultural Cooperatives (BAAC) told media sources
that exact losses from the scheme can be figured out only after all the rice
stocks are sold out. He noted that losses can be estimated by comparing



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the prices at which the government purchased paddy from farmers and the prices at which it is sold.
He reminded that the then Yingluck Shinawatra government purchased paddy at about 60% above market
prices, but now the same paddy is fetching far below proces due to deterioration in quality as well as a
significant fall in market prices after the suspension of the scheme by the military government.
The scheme ran for about two and half years from October 2011 to February 2014 and the government had
borrowed nearly 750 billion baht (around $23 billion) from the BAAC to finance the scheme. He said the
military government's plans to repay the BAAC debt by setting aside some funds from the Central Budget as
well as from receipts of rice sales is not a very viable option as it would take nearly seven years to clear the
debt. Instead he said the government could plan other ways to clear he debt fast as that would reduce public
debt levels.
Thailand currently holds nearly 18 million tons of rice in warehouses and is planning to clear the stocks in about
three years.
Tags: Thai rice stocks, Thai rice sales, Thailand Bank for Agriculture and Agricultural Cooperatives (BAAC)
Thailand Considers New Panel to Address Rice
Issues
Sep 18, 2014

Thailand government is setting up a new panel consisting of representatives from the Commerce Ministry, rice
farmers and other stakeholders to address various issues of the country's rice sector, including low paddy prices
and rice sales, according to local sources.
The Inspector-General (IG) of the Commerce Ministry and the
Spokesman for the Commerce Minister told local sources that the five
farmer groups including Thai Farmers Association, the Thai
Agriculturists Association, the Thai Farmer Support Association, a
network of Thai farmers, and the Community Rice Center have agreed
that a panel is needed to sort out the problems of the Thai rice sector
more effectively.



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He noted that the panel would meet every two weeks starting next week, adding that the panel would initially
focus over increasing paddy prices, which currently stand at around 7,500 - 8,200 baht (around $232 - $254) per
ton and stabilizing them at about 8,500 baht (around $263) per ton.
The IG also noted that the panel would also focus on improving grain quality, cutting production costs and
increasing paddy yields.
Rice farmer groups reacted saying that such a panel is imperative to identify actual problems of farmers as well
as the rice sector and address them accurately. They again urged the authorities to closely monitor the prices,
which are expected to fall when the new harvest from the 2014-15 main crop (February - October) is expected
to arrive from November this year.
Earlier, the Thai Rice Exporters Association (TREA) suggested the military government to set up a Rice Board
to look into the issues of the Thai rice sector.
Tags: Thailand rice sector, Thailand rice production, Thailand rice prices
Oryza Afternoon Recap - Chicago Rough Rice
Futures Move Higher Despite Unimpressive Export
Sales and Bearish Grains
Sep 18, 2014
Chicago rough rice futures for Nov delivery settled 11 cents per cwt (about $2 per ton) higher at $12.620 per
cwt (about $278 per ton). Rough rice futures managed to close with double digit gains today, but closed a nickel
off of the session high, as the market maid an attempt to recover a good portion of the losses sustained during
yesterdays selloff. Traders see the markets ability to hold above yesterdays closing price as a positive
development, however the inability to chart a higher high is seen as a conflicting sign and therefore todays
action provides little indication of tomorrows trade direction. A lackluster export sales report and negativity in
the other grains likely limited rices upward potential; soybeans closed about 0.9% lower at $9.7150 per bushel;
wheat finished about 2.2% lower at $4.8850 per bushel, and corn finished the day about 1% lower at $3.3825
per bushel.
U.S. stocks rose on Thursday, with the S&P 500 and Dow industrials toppling records, as investors considered
mixed economic reports on jobs and the housing market and continued to relish the Federal Reserve's renewed



Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
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vow to keep benchmark rates low. Economic reports Thursday had the number of Americans filing for jobless
benefits dropping to a two-month low and separately, housing starts declined in August.
The Philadelphia Federal Reserve's index of factory activity in the mid-Atlantic region decelerated in
September, but its employment component rose to its highest level since the middle of 2011. Rising 106 points
to an intraday record, the Dow Jones Industrial Average was lately up 103.54 points, or 0.6%, at 17,260.39.
Also rising to an all-time high above 2,011, the S&P 500 recently rose 8.97 points, or 0.5 percent, to 2,010.54,
with financials and materials the best performing and utilities and energy the laggards among its 10 major
sectors. The Nasdaq gained 30.80 points, or 0.7%, to 4,593.99. Gold is trading about 0.8% lower, crude oil is
seen trading about 1.4% lower, and the U.S. dollar is seen trading nearly unchanged at about 1:00pm Chicago
time.
Wednesday, there were 465 contracts traded, up from 188 contracts traded on Tuesday. Open interest the
number of contracts outstanding on Wednesday increased by 42 contracts to 9,043.
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market
Oryza U.S. Rough Rice Recap - Little Trading amid
Declining Exports
Sep 18, 2014
The U.S. cash market was marginally weaker today amid declining export sales; however, buyers and sellers
still remain at odds on price.As of today, offers were slightly weaker and could be seen around $13.00-$13.33
per cwt fob farm (about $287-$294 per ton) while bids could still be found near $13.00-$13.40 per cwt (about
$281-$287 per ton) for September-October delivery however there were no trades to report.
In the meantime, today the USDA reported that cumulative net export sales for the week ending on September
11, totaled 30,7000 tons which was 4% less than last week and 37% less than the prior 4-week average.
Increases reported for the following destinations including: 7,900 tons to Mexico, 6,700 tons to Honduras, 4,700
tons ton unknown destinations, 3,000 tons to South Korea, and 2,600 tons to Haiti.
U.S. rice exporters shipped 13,500 tons which was 31% less than last week and 52% less than the prior 4-week
average. The primary destinations included: 3,600 tons to Mexico, 3,000 tons to Jordan, 3,000 tons to Canada,
1,400 tons to Saudi Arabia, and 500 tons to Taiwan.



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Tags: U.S. rice prices, U.S. rice market
Oryza Overnight Recap - Chicago Rough Rice
Futures Attempt to Recover Following Steep Selloff
Yesterday
Sep 18, 2014
Chicago rough rice futures for Nov delivery are seen 6 cents per cwt (about $1 per ton) higher at $12.570 per
cwt (about $277 per ton) during early floor trading in Chicago. The other grains are seen trading lower this
morning: soybeans are currently seen 0.8% lower, wheat is listed about 1.5% lower and corn is noted about
0.6% lower.
U.S. stocks rose on Thursday, with the Dow industrials knocking out another record, as investors considered
mixed economic reports on jobs and the housing market and continued to relish the Federal Reserve's renewed
vow to keep benchmark rates low. Economic reports Thursday had the number of Americans filing for jobless
benefits dropping to a two-month low and separately, housing starts declined in August. The Philadelphia
Federal Reserve's index of factory activity in the mid-Atlantic region decelerated in September, but its
employment component rose to its highest level since the middle of 2011. Rising 87 points to an intraday
record, the Dow Jones Industrial Average was lately up 79.86 points, or 0.5%, at 17,236.71. The S&P 500
advanced 8.01 points, or 0.4%, 2,009.58, with financials the best performing and utilities faring the worst
among its 10 major sectors. The Nasdaq gained 22.71 points, or 0.5%, to 4,584.90. Gold is currently trading
about 0.8% lower, crude oil is seen trading about 0.5% lower, and the U.S. dollar is currently trading a touch
lower at 10:00am Chicago time.
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market

India Government Procures 31.542 Million Tons of
Rice as of September 16, 2014 in KMS 2013-14
Sep 18, 2014



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The Food Corporation of India (FCI), the nodal agency for food grain procurement and distribution has
procured around 31.542 million tons of rice as of September 16, 2014 in KMS 2013-14 (October 2013 -
September 2014), according to data by the Ministry of Consumer Affairs, Food & Public Distribution.
Local sources say rice procurement by the government agencies Food Corporation of India (FCI) and State
agencies in the current KMS may fall short of the targeted 34.3 million tons (31.1 million tons of rice from the
Kharif crop and 3.2 million tons from the rabi crop) due to sluggish arrivals from Andhra Pradesh and Odisha,
where paddy production was badly affected by cyclones and excess rainfall.
Punjab (8.1 million tons), Telangana (4.3 million tons), Chhattisgarh (4.29 million tons) and Andhra Pradesh
(3.7 million tons) are the top contributors to the central pool so far in KMS 2013-14.The Indian government is
targeting to procure 30.05 million tons of rice during the KMS 2014-15.
Tags: India rice procurement, Kharif Marketing Season (KMS), Food Corporation of India (FCI)
Oryza Weekly Global Rice Weather Recap



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Sep 18, 2014
Heavy rain is expected across south-western and eastern Yunnan, central and northern Guizhou, eastern
Sichuan, most places of Chongqing, western Hubei, southern Anhui and northern Zhejiang in China during
Thursday to Saturday. Last week showers in the Yangtze Valley continued to boost moisture supplies lowered
from inconsistent seasonal rainfall, and aided late- and single-crop rice that was planted later in the season.
Scattered rain is expected across Thailand during the next four days.
Rain showers are expected to continue across Vietnam on Thursday and Friday. In Vietnam, below-average
rainfall aided summer rice harvesting in the south, while winter rice transplanting began in the north.
In India, heavy rain is expected in isolated places over Andhra Pradesh, Odisha, and West Bengal from
Thursday through Saturday. Weather is expected to remain dry elsewhere. Drier weather in northern India is
providing more favourable conditions for maturing rice.
Light rain is expected in isolated places in Malakand, Hazara, Rawalpindi divisions, Islamabad, Kashmir and
Gilgit-Baltistan in Pakistan today and tomorrow.
Light to moderate rain showers are likely to occur in many places over Dhaka, Khulna, Barisal, Chittagong,
Sylhet divisions, Rajshahi and Rangpur divisions in Bangladesh during the next two days. Heavy showers
through the month maintained good moisture supplies for summer (aman) rice in Bangladesh.
The U.S. rice producers harvested 36% of the nations rice crop by September 14, 3% ahead of last year,
according to the USDA. Rainfall in the Mississippi River Valley of Arkansas slowed the rice harvest there.
Overall, 74% of the rice crop was reported in good to excellent condition.
Tags: Rice weather, rice crop forecast

Revived Monsoons Raise Prospects for India Rice
Production and Exports
Sep 18, 2014



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India's rice production in the 2014 kharif season (June -
December) was expected to be suppressed due to late
arrival of rains in this monsoon season (June - September).
Farmers start planting for the main summer crop with the
arrival of monsoons in June. Due to delay in monsoon
rains, kharif rice planting too got delayed in many regions
further intensifying concerns about rice production in the
Asian subcontinent.However, arrival of rains since mid
July helped farmers speed up the planting process reviving
hopes for a better harvest.
Agricultural experts and farmers expressed optimism that the kharif planting, which has been so far lagging last
year's planting, is likely to surpass last year's leading to a higher output as well. Kharif rice output accounts for
nearly 86% of India's total rice production.The Executive Director (ED) of the All India Rice Exporters
Association (AIREA) told local sources that 2014-15 (October - September) would be higher than that in 2013-
14 without quantifying the increase. He stated that increase in basmati rice acreage by about 40% year-on-year
to around 3.5 million hectares in this kharif season would also contribute significantly to India's total rice
output.
The ED also noted that increased output may translate into higher exports in 2015, adding that it may also lead
to a correction in global rice export prices, which increased by about 12% in the last three months. Export prices
of benchmark Thai 5% rice increased to around $442 per ton in August from about $397 per ton in June 2014,
acoridng to the UN FAO. India rice prices have been stable at around $385 per ton.According to data from the
Agriculture Ministry, India's kharif rice planting around reached around 36.669 million hectares of rice area as
of September 12, 2014, down slightly from around 36.788 million hectares planted during the same time last
year.
India's production in 2013-14 is estimated at around 106.54 million tons (91.69 from kharif and 14.85 from
rabi), up about 1% from around 105.31 million tons in 2012-13. USDA estimates India's 2014-15 (October -
September) production at around 103 million tons, down about 3% from an estimated 106.54 million tons in
2013-14. It estimates 2015 India rice exports to decline to around 8.7 million tons, down about 13% from an
estimated 10 million tons this year.
Tags: , India kharif rice production, India rice exports, All India Rice Exporters Association (AIREA)




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SUPARCO Estimates Pakistan FY 2014-15 Milled
Rice Production to Cross 7 Million Tons Due to
Better Irrigation Facilites
Sep 18, 2014
The National Space Agency of Pakistan (SUPARCO) has estimated Pakistan FY 2014-15 (July - June) milled
rice production to cross 7 million tons assuming a normal crop condition in its August crop report.According to
the report, planting of coarse rice for the FY 2014-15 kharif rice crop (May - December) was completed by
early July and has reached heading or panicle formation stage. Coarse rice is mainly grown in the Sindh
province.According to data from SUPARCO, average yield of coarse rice in FY 2013-14 was at around 5 tons
per hectare and the average production cost was at around Rs.18,000 per acre (around $435 per hectare).
Based on the data from the Rice Exporters Association of Pakistan (REAP), the Pakistani government earned
over $1000 million from non-basmati rice exports in FY 2013-14. Pakistan's major destinations for non-basmati
rice exports are Kenya, China, Madagascar, Tanzania, Benin, Mozambique and Malaysia. It exports non-
basmati rice to nearly 100 countries across the globe.
According to SUPARCO, the cumulative monthly rainfall in August was below normal and temperatures were
relatively higher. However, water supply from irrigation head works was higher by about 34% higher compared
to last year's supply.USDA estimates Pakistan to produce about 6.6 million tons of rice, basis milled, in MY
2013-14 (November 2013 - October 2014). It estimates Pakistan rice production to increase to about 6.7 million
tons in MY 2014-15.
Tags: Pakistan rice production, Pakistan Space and Upper Atmosphere Research Commission (SUPARCO