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November 19,2015
Vol 5,Issue XI

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Indonesia May Not Import Rice in 2016 if

Weather Improves, Says Vice-President
Nov 18, 2015

Indonesia may not need to import rice if weather improves, Bloomberg quoted the Indonesian
Vice-President as saying.Addressing the Asia-Pacific Economic Cooperation (APEC) forum in
Manila, the Vice-President noted that Indonesia had to import 1.5 million tons of rice, including
1 million tons from Vietnam and 500,000 tons from Thailand, this year due to El Nino-induced
drought conditions in the country.Rice imports this year have become a contentious issue as the
Indonesian President has aimed at achieving self-sufficiency in rice production and avoiding
imports. However, the country's rice production has been severely impacted due to prolonged
drought conditions leading to depletion of stocks and an increase in prices.
He told the forum that the imports would act as a buffer and protect prices from
increasing.However, weather bureaus have been warning that the El Nino weather phenomenon
may last till March 2016.

Oryza CBOT Rough Rice Futures Recap Chicago Rough Rice Futures Erase Previous
Day's Gains as Market Continues Back-andForth Action
Nov 19, 2015

Chicago rough rice futures for Jan delivery settled 22.5 cents per cwt (about $5 per ton) lower at
$11.840 per cwt (about $261 per ton). The other grains finished the day mostly lower; Soybeans
closed about 0.7% lower at $8.5775 per bushel; wheat finished about 0.4% lower at $4.8500 per
bushel, and corn finished the day about 0.1% higher at $3.6825 per bushel.
U.S. stocks traded higher on Wednesday as investors digested the release of the Federal
Reserve's October meeting minutes. The minutes showed that the central bank's most important
members believe a rates hike next month would be appropriate. On the data front, U.S. housing
starts for October fell 11%, while building permits rose 4.1%. Single-family building permits
rose 2.4% to their highest level since December 2007. European and Asian equities closed mixed
amid security concerns. The Dow Jones industrial average traded 172 points higher, or 0.98%, at

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17,661. The S&P 500 traded 21 points higher, or 1.11%, at 2,073, with health care leading all
sectors higher. The Nasdaq rose 64 points, or 1.3%, to 5,051. Gold is seen trading about 0.2%
higher, crude oil is seen trading about 0.3% higher, and the U.S. dollar is seen trading marginally
higher about 1:00pm Chicago time.
Tuesday, there were 829 contracts traded, up from 681 contracts traded on Monday. Open
interest the number of contracts outstanding on Tuesday decreased by 66 contracts to 12,435.

Thai Government Decision to Use Liability

Law in Rice Pledging Case is "Fair," Says
Deputy PM
Nov 18, 2015

The Deputy Prime Minister of Thailand has defended the government stance to employ the
liability law/administrative order to seek financial compensation from the accused in the rice
pledging case, including the former Prime Minister, as "fair" and straightforward, according to
local sources.
The Dy.PM was responding to calls by the former Prime Minister and other critics for the
government to opt to file a civil suit against the accused. He noted that the liability law, which
holds state officials to account for their decisions in office, has been around for the past 19 years
and has been used in a number of cases. "It is not a new legal mechanism created to treat any
particular party in an unfair manner," he said.
Explaining why the government chose the liability law option, he noted that taking action under
administrative law, and filing a civil suit have their own advantages and disadvantages. "The
committee pursuing liabilities against wrongdoers in the state sector is more familiar with the
liability law, having processed more than 5,000 such cases in the past years, so it went for this
option," he said.
He also noted that those affected by the government's decision to take action under the liability
law feel they are being treated unfairly, they can appeal in the Administrative Court. They can
also appeal to the Supreme Administrative Court, if they lose their fight in a lower
Administrative Court, he said.
He noted that "if the government doesn't address the losses incurred by the rice-pledging scandal,
it will be ultimately held responsible for the losses."
Meanwhile, responding to an open letter by the former PM on her Facebook saying "judicial
power" is being prioritised over the courts, earlier this week, the Thai Premier also noted that the
accused can appeal to the Administrative Court if they have enough evidence to prove the
government's decision is unfair.

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Thai Police Detain Convicted Rice Trader

Trying to Flee Country
Nov 18, 2015

The Thai police have detained a convicted rice trader, Wittayakorn Thongsean, at the
Suvarnabhoomi airport after getting information that he was fleeing to Laos, Reuters quoted
Bangkok Post.
In 2006, Wittayakorn, along with some associates, was found guilty of violating the Rice
Trading Act and deceiving farmers in Roi Et province into selling their rice to them. All the three
were sentenced to five years imprisonment. But were granted bail later.
The Police noted that the trio owned a rice export business, Wittaya Group International, and
they negotiated with farmers of an agricultural cooperative to buy 236 tons of rice for 4.3 million
baht (around $118,195). However, they paid about 970,000 baht (around $26,926) less than the
agreed price. Therefore, he
He reportedly missed a recent court appearance and the Roi Et Provincial Court issued an arrest
warrant on May 25.
Wittayakorn, however, denied of fleeing the country. He reportedly told police that he was going abroad
on a personal work.

Global Rice Quotes

November 19th, 2015
Long grain white rice - high quality
Thailand 100% B grade
360-370
Vietnam 5% broken 370-380

India 5% broken
345-355

Pakistan 5% broken 315-325

Myanmar 5% broken 405-415

Cambodia 5% broken 415-425

U.S. 4% broken
490-510

Uruguay 5% broken 535-545

Argentina 5% broken 530-540

Long grain white rice - low quality

Thailand 25% broken 345-355

Vietnam 25% broken 355-365

Pakistan 25% broken 290-300

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Cambodia 25% broken

400-410
India 25% broken
325-335

U.S. 15% broken

500-510

Long grain parboiled rice

Thailand parboiled 100% stxd
350-360
Pakistan parboiled 5% broken stxd 405-415
India parboiled 5% broken stxd
340-350
U.S. parboiled 4% broken
590-610

Brazil parboiled 5% broken 545-555

Uruguay parboiled 5% broken

NQ

Long grain fragrant rice

Thailand Hommali 92%
725-735
Vietnam Jasmine
450-460

India basmati 2% broken

NQ

Pakistan basmati 2% broken NQ

Cambodia Phka Mails

830-840

Brokens
Thailand A1 Super 325-335

Vietnam 100% broken

330-340

Pakistan 100% broken stxd 280-290

Cambodia A1 Super 355-365

India 100% broken stxd

285-295

Egypt medium grain brokens NQ

U.S. pet food 330-340

Brazil half grain

NQ

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

Oryza U.S. Rough Rice Recap - Prices

Weaken ahead Of Iraqi Grain Board Tender
Announcement
Nov 19, 2015

The U.S. cash market was weaker today ahead of the Iraqi Grain Boards tender award
announcement expected sometime tomorrow.Most analysts are skeptical that the U.S. will be
awarded given that there were 350,000 MT of long grain milled rice offered out of South
America at cheaper levels compared to the best offer from the U.S.However, others note that
with logistics sometimes being problematic in South America, the IGB may prefer to buy one or
some cargos from the U.S. despite the higher cost.

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Vietnam Rice Sellers Lower Some of Their

Quotes Today; Other Asian Quotes Remain
Unchanged
Nov 18, 2015

Vietnam rice sellers lowered their quotes for glutinous rice by about $5 per ton to around $455 $465 per ton today. Other rice quotes remain unchanged today.
5% Broken Rice
Thailand 5% rice is indicated at around $350 - $360 per ton about $20 per ton discount on
Vietnam 5% rice shown at around $370 - $380 per ton. India 5% rice is indicated at around $345
- $355 per ton, about $30 per ton premium on Pakistan 5% rice shown at around $315 - $325 per
ton.
25% Broken Rice
Thailand 25% rice is indicated at around $345 - $355 per ton, about $10 per ton discount on
Vietnam 25% rice shown at around $355- $365 per ton. India 25% rice is indicated at around
$325 - $335 per ton, about $40 per ton premium on Pakistan 25% rice shown at around $285 $295 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $350 - $360 per ton. India parboiled rice is
indicated at around $335 - $345 per ton, about $70 per ton discount to Pakistan parboiled rice
last shown at around $405 - $415 per ton.
100% Broken Rice
Thailand broken rice, A1 Super is indicated at around $325 - $335 per ton, about $5 per ton
discount to Vietnam 100% broken rice shown at around $330 - $340 per ton. India's 100%
broken rice is shown at around $285 - $295 per ton, about $5 per ton premium on Pakistan
broken sortexed rice shown at around $280 - $290 per ton.