19th may,2015 daily exclusive oryza rice e newsletter by riceplus magazine

Daily Exclusive ORYZA Rice E-Newsletter 2015

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Daily Exclusive ORYZA Rice E-Newsletter

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May 19 ,2015 Vol 5,Issue V

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Three Controls Technology" Can Enhance

Rice Yields with Less Fertilizers, Says

GDRRI Researcher

May 18, 2015

Dr.Xuhua Zhong, crop physiologist at the Rice Research Institute of the Guangdong Academy of

Agricultural Sciences (GDRRI) says the "three controls technology (3CT)" can enhance rice

yields by about 10%, according to a news release in the International Rice Research Institute

(IRRI) website.He says 3Cs means controlling the amount of fertilizer, unproductive tillers, and

diseases and insects. He noted that by using 3CT, farmers can decrease their nitrogen fertilizer

and pesticide use by about 20%. He recommends the "4-2-3-1" principle, under which 40% of

nitrogen should be applied at the basal stage, 20% at mid-tillering stage, 30% at panicle initiation

and 10% at heading stage He says by applying fertilizer at different stages, rice plants are less

prone to diseases such as sheath blight and use of fertilizer can be reduced in every subsequent

stage. It helps farmers to save on the costs of fertilizer, pesticide and labor.



The 3CT is also important in China in the light of low and unstable yields, excessive use of

chemical fertilizers and pesticides, environment pollution, and low profits, says the President of

the GDRRI.The 3CT method was initially recommended by the Ministry of Agriculture of China

(MOA) in 2012 and since then the GDRRI has been working closely with the MOA to reduce the

use of fertilizers significantly. The President of the GDRRI noted that the institute has been

working closely with the IRRI to develop a low-carbon and high-yielding technology, which will

also reduce water use and greenhouse gas emissions.

El Nino May Reduce Global Crop Harvest by

0.8 - 4%, Finds Study

May 18, 2015

A new study published in the Nature Communications Journal last week finds that there is a

link between the El Nino Southern Oscillation and global food harvests of cereals such as rice,

wheat, corn and soybeans, according to Breitbart News.The study finds that El Nino years have



had a tendency for negative impacts on crop yields in 22 to 24% of crop growing regions in Asia.

It also finds that El Ninos have had a positive impact on crop yields in 30 to 36% of harvested

regions in North America.

The study estimates the global average negative impact on total crop harvests is between 0.8%

to 4% for rice, wheat, corn and soybeans.Last week, the U.S. National Oceanic and Atmospheric

Administration, Australia and Japan Weather Bureaus declared the onset of an El Nino this year.

El Nino pattern increases temperatures of Pacific Ocean leading to extreme weather conditions

such as droughts in Asia and Australia, and floods in Latin America affecting agricultural

output.Meanwhile, analysts are predicting that global food shortages may lead to substantial

increase in global food prices.

Global Rice Quotes

May 19th, 2015

Long grain white rice - high quality

Thailand 100% B grade 380-390 ↔

Vietnam 5% broken 350-360 ↔

India 5% broken 370-380 ↔

Pakistan 5% broken 395-405 ↔

Myanmar 5% broken 415-425 ↔

Cambodia 5% broken 430-440 ↔

U.S. 4% broken 470-480 ↔

Uruguay 5% broken 565-575 ↔

Argentina 5% broken 555-565 ↔

Long grain white rice - low quality

Thailand 25% broken 350-360 ↔


Pakistan 25% broken 355-365 ↔

Cambodia 25% broken 410-420 ↔

India 25% broken 345-355 ↔



U.S. 15% broken 460-470 ↔

Long grain parboiled rice

Thailand parboiled 100% stxd 370-380 ↔

Pakistan parboiled 5% broken stxd 405-415 ↔

India parboiled 5% broken stxd 360-370 ↔

U.S. parboiled 4% broken 555-565 ↔

Brazil parboiled 5% broken 570-580 ↔

Uruguay parboiled 5% broken NQ ↔

Long grain fragrant rice

Thailand Hommali 92% 865-875 ↔

Vietnam Jasmine 480-490 ↔

India basmati 2% broken NQ ↔

Pakistan basmati 2% broken NQ ↔

Cambodia Phka Mails 815-825 ↔

Brokens

Thailand A1 Super 315-325 ↔


Pakistan 100% broken stxd 300-310 ↔

Cambodia A1 Super 350-360 ↔

India 100% broken stxd 270-280 ↔

Egypt medium grain brokens NQ ↔

U.S. pet food 365-375 ↔

Brazil half grain NQ ↔

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



EU Imports from Asian LDCs Increase in

First Eight Months of 2014-15

May 18, 2015

The European Union's (EU) rice imports, including milled and semi-milled, from the Least Developed

Countries (LDCs) of Asia such as Cambodia and Myanmar under the Everything But Arms (EBA)

Agreement have reached around 204,512 tons in the first eight months of the crop year 2014-15

(September 2014 - August 2015), up about 12% from around 182,600 tons imported during the same

period last year, according to data from the European Commission (EC).The EC data shows that imports

from Cambodia (which account for about 76% of total imports from Asian LDCs in September 2014 –

April 2015) declined about 2% to around 155,501 tons from around 158,674 tons during the same period

last year. On the other hand, rice imports from Myanmar (which account for about 22% of total imports

from Asian LDCs in September 2014 – April 2015) have more than doubled to around 45,240 tons from

around 20,848 tons during the same period last year.



Under the EBA Agreement, the EU imports rice from the LDCs at zero-percent duty. It was

basically aimed to raise incomes and living standards of farmers in the LDCs. Rice imports

(milled equivalent) from the Asian LDCs mostly Cambodia and Myanmar) increased about forty

times to around 402,000 tons in MY 2013-14 from just 10,000 tons in MY 2008-09, according to

the new Chairman of Copa-Cogeca (The united voice of farmers and their co-operatives in the

European Union) Rice Working Party.

Italy, the EU’s main rice producer, has been expressing concern that the competitiveness of

Italian rice has been declining significantly due to an increase in imports from EBA countries.

The Italian government and the Ente Nazionale Risi (National Agency for Rice) have been

urging the EU to adopt a safeguard clause to curtail imports from EBA countries.Recently,

analysts are expressing concern that the basic purpose of the EBA clause is not being served as

the farmers in the LDCs such as Cambodia are not benefitting from it.

Government of Thailand Decides to Sell 2

Million Tons of Rice in Two Months

May 18, 2015

The government of Thailand has decided to sell 2 million tons of rice from the government



stockpiles over the next two months after the National Rice Policy Committee chaired by the

Prime Minister had approved for the release of the stocks into the market, according to local

sources.The government had delayed this year's third auction to avert downward pressure on rice

prices. It was reportedly evaluating markets to decide over the timing for reopening bidding for

its government stocks.The Commerce Ministry Secretary noted that the downward pressure on

prices would ease in the coming weeks as the second crop would reach the market shortly. She

added that the paddy prices are expected to stabilize at 8,200-8,500 baht (around $246 - $255)

per ton.

She expressed confidence that Thailand would export the targeted 10 million tons of rice in

2015. Thailand exported 3.3 million tons of rice between January and April 2015, down about

1.3% from around 3.8 million tons exported during the same period last year, according to the

TREA.The Thai military government currently holds about 16 million tons of rice and had sold

about 1.88 million tons of rice from six auctions raising around 25.58 billion baht (around $785.2

million) since it seized power in May 2014. It also reportedly sold one million tons of rice under

government-to-government contracts.Export prices of Thai 5% rice currently stands at around

$370 per ton, down about 10% from around $410 per ton in the beginning of this

year.Separately, the former Prime Minister is likely to enter a non-guilty plea at the Supreme

Court on May 19, 2015. The Supreme Court's Criminal Division for Holders of Political

Positions will hear the case against the former PM for alleged dereliction of duty and with abuse

of authority under Section 157 of the Criminal Code and Section 123/1 of the 1999 Counter

Corruption Act.

Mekong Delta Rice Farmers Urged to Speed

Up Summer-Autumn Crop Harvest to Avoid

Losses from Drought and Salinity Intrusion

May 18, 2015



Nearly 400,000 hectares of agricultural land is understood to be affected by the ongoing drought

and salinity intrusion in Vietnam's Mekong River Delta, according to local sources.The salinity

in the early dry season in most of the Mekong Delta's provinces was about 1 - 10 g (0.1-1%)

higher than the same period last year. On the other hand acute drought is also severely impacting

the yields of the summer-autumn crop.Authorities are taking measures to protect rivers from salt

water intrusion by building culverts along the rivers and canals. They are also urging rice growes

to speed up harvesting process before the drought casts impact on the yields. Authorities are also

encouraging concerned departments to identify potential areas to be affected by drought and

salinity and prepare action plans to respond to crisis.According to USDA Post, 2015 summer

autumn crop is estimated to be planted in about 7.7 million tons and is expected to produce

around 15.95 million tons, basis paddy (around 9.98 million tons, basis milled).USDA estimates

Vietnam to produce around 28 million tons of rice, basis milled (around 44.88 million tons, basis

paddy) and export around 6.7 million tons in 2014-15 (January 2015 - December 2015).



Oryza Afternoon Recap - Chicago Rough

Rice Futures Shoot Higher Led by Strength

in Wheat and Corn

May 18, 2015

Chicago rough rice futures for Jul delivery settled 22 cents per cwt (about $5 per ton) higher at

$9.795 per cwt (about $216 per ton). The other grains finished the day higher, led by continued

strength in the wheat market as traders continue to weigh weather issues in the US and abroad;

Soybeans closed about 0.1% higher at $9.5750 per bushel; wheat finished about 2.1% higher at

$5.2175 per bushel, and corn finished the day about 0.7% higher at $3.6800 per bushel.U.S.

stocks traded higher on Monday after closing near highs last week, as investors awaited the bulk

of the week's housing data and mostly shook off earlier concerns about Greece's ability to pay

back its creditors.

The major indices held higher in afternoon trade after earlier fluctuating around the flat-line. The

Dow Jones industrial average mostly traded above its previous closing and intraday high of

18,288.63, while the S&P 500 topped its intraday high of 2,125.92. Speaking early Monday at

the Swedish capital, Chicago Fed President Charles Evans said the U.S. Federal Reserve could

look at a rate hike in June if the economy is strong enough, Reuters said. His speech argued for

rates to start rising in early 2016. Evans told reporters if the Federal Open Market Committee

had confidence that inflation was going to move up and that first quarter economic softness was

temporary, "you could imagine a case being made for a rate increase in June.

" Most of the second-quarter data reports have showed a slower-than-expected rebound from a

weak first quarter. The only data out Monday was the National Association of Home Builders'

survey, which showed builder confidence slipped two points in May, missing expectations of a

slight gain. Housing starts and existing home sales come out later in the week, along with the

Federal Open Market Committee's meeting minutes. In Europe, stocks closed higher amid

abating fears that Greece is on the verge of bankruptcy. Earlier, U.S. stocks opened mildly lower

as European equities dipped on news a Greece government spokesman said on Monday that

authorities will pay public-sector wages and pensions in May, but needs a deal with creditors by

the end of the month. The Dow Jones Industrial Average traded up 14 points, or 0.07%, at

18,286. The S&P 500 traded up 5 points, or 0.22%, at 2,127, with telecommunications leading

seven sectors higher and materials the greatest laggard.

The Nasdaq traded up 23 points, or 0.46%, at 5,071. Gold is trading about 0.1% higher, crude oil

is seen trading about 0.5% lower, and the U.S. dollar is seen trading about 0.9% higher at



about 1:00pm Chicago time.Friday, there were 491 contracts traded, up from 458 contracts

traded on Thursday. Open interest – the number of contracts outstanding – on Friday decreased

by 3 contracts to 11,206.

Oryza Overnight Recap – Chicago Rough

Rice Futures Slightly Lower Overnight as

Market Weighs Meaning of Yesterday’s Rally

May 18, 2015

Chicago rough rice futures for Jul delivery are currently seen trading 15.5 cents per cwt (about

$3 per ton) higher at $9.730 per cwt (about $211 per ton) during early floor trading in

Chicago. The other grains are seen trading higher; soybeans are currently seen about 0.6%

higher, wheat is listed about 1.3% higher and corn is currently noted about 0.6% higher.U.S.

stocks traded in a narrow range on Monday after closing near highs last week, as investors

digested housing data and weighed renewed concerns about Greece's ability to pay back its

creditors.

The major indices fluctuated around the flat-line, attempting to hold slight gains. The Dow Jones

industrial average briefly traded above its previous closing and intraday high of 18,288.63. The

S&P traded above its closing high hit on Friday but held below its intraday high of 2,125.92. In

Europe, stocks turned to trade mostly lower on growing fears that Greece is on the verge of

bankruptcy. A government spokesman said on Monday that authorities will pay public-sector

wageNational officials in Athens also sent a letter to the International Monetary Fund that

showed Greece came close to defaulting on a 750 million euro ($860 million) repayment last

week, local newspaper Kathimerini and the Financial Times reported.

However, analysts noted that U.S. losses remained muted despite the renewed concerns about

Greece’s and pensions in May, but needs a deal with creditors by the end of the month. The Dow

Jones Industrial Average traded down 7 points, or 0.04%, at 18,265. The S&P 500 traded down 2

points, or 0.10%, at 2,120, with energy the greatest of six laggards and financials leading gainers.

The Nasdaq traded down 9 points, or 0.19%, at 5,038. Gold is currently trading about 0.2%

lower, crude oil is seen trading about 0.1% higher, and the U.S. dollar is currently trading about

0.9% higher at 8:15am Chicago time.

Vietnam Exports About 1.686 Million Tons of

Rice During January 1 – May 14, 2015



May 18, 2015

Vietnam exported about 1.686 million tons of rice in January 1 - May 14, 2015, down about 28% from

about 2.34 million tons of rice exported in first five months of 2014, according to data from the Vietnam

Food Association (VFA). Average rice export price so far in this year stands at around $419 per ton

(FOB), down about 3% per ton from around $433 per ton recorded during same last year.During May 1-

14, 2015, Vietnam exported around 130,782 tons of rice, down about 78% from around 585,536 tons of

rice exported in full month of May 2014, and down about 80% from around 650,507 tons rice exported in

full month of April 2015. Average export prices so far in May stands at around $422 per ton, up about 1%

per ton from a year ago, and up about 2% per ton from a month ago.



Oryza U.S. Rough Rice Recap - Prices Seen

Steady as Buyers Stay on Sideline; 66% of

Crop in Good-to-Excellent Condition

May 18, 2015

The U.S. cash market was unchanged today despite a firmer futures market as buy interest

remains limited and stocks remain ample.With persistent wet weather in the U.S. Mid-South over

the last week some analysts expect farmers to plant less acreage than the USDA had estimated in

last week’s WASDE report.In the meantime, the USDA estimates that as of May 17th

, 89% of the

US rice crop had been planted which is 4% ahead of this time last year and 7% ahead of the

previous 5-year average. As of now, the USDA estimates that farmers have planted at 89% of

their rice crop in Arkansas, 90% in California, 98% in Louisiana, 93% in Mississippi, 75% in

Missouri, and 79% in Texas.

The USDA estimates that 70% of the crop has emerged which was 3% ahead of this time last

year and 4% ahead of the previous 5-year average. As of now, the USDA estimates that 73% of

the rice crop in Arkansas has emerged compared to , 50% in California, 92% in Louisiana, 72%

in Mississippi, 53% in Missouri, and 75% in Texas.The USDA estimates that 66% percent of the

crop in good to excellent condition compared to 63% in Arkansas, 80% in California, 65% in

Louisiana, 79% in Mississippi, 45% in Missouri, and 52% in Texas.

Italian Rice Growers Urged to Shift to Dry

Seeding Technique Amid Fears of Water

Scarcity

May 18, 2015



Italian rice growers are urged to shift to dry seeding technique of rice transplantation in this crop

season due to fears of lower irrigation water this year due to dry weather conditions.Dry seeding

involves the sowing of rice seeds (without pre-germination) directly into a dry or moist field and

has several advantages associated with it. It is relatively cheaper though it needs more seeds

more tractor ploughing compared to traditional transplantation method. It mainly requires lesser

fertilizer as well as lesser water.

Authorities are planning to convince rice growers in major rice growing provinces to adopt dry

seeding technique as they fear that at the end of May there may not be enough water for all the

irrigation purposes. They are especially worried that planting of other crops such as corn may

also require increased quantities of water and consequently volume of water for rice may be

impacted significantly. They are of the view that an expanding dry seeded area may bring a

different balance in the use of water in the country in this rice growing season.Rice growers in

Pavia province and Novara province have already started adopting this technique extensively.

Vietnam Rice Sellers Lower Some of Their

Quotes; Pakistan Rice Quotes Mixed Today

May 18, 2015



Vietnam rice sellers lowered their quotes for Jasmine rice by about $10 per ton to around $480 -

$490 per ton today. Pakistan rice sellers lowered their quotes for 5% broken rice and parboiled

rice by about $20 per ton and $5 per ton respectively and increased their quotes for 25% broken

rice and 100% broken rice by about $5 each today. Other Asia rice sellers kept their quotes

mostly unchanged today.

5% Broken Rice

Thailand 5% rice is indicated at around $370 - $380 per ton, about a $20 per ton premium on

Vietnam 5% rice shown at around $350 - $360 per ton. India 5% rice is indicated at around $370

- $380 per ton, about a $25 per ton discount to Pakistan 5% rice shown at around $395 - $405 per

ton, down about a $20 per ton from Friday.

25% Broken Rice

Thailand 25% rice is shown at around $350 - $360 per ton, about a $20 per ton premium on

Vietnam 25% rice shown at around $330- $340 per ton.

India 25% rice is indicated at around $345 - $355, about a $10 per ton discount to Pakistan 25%

rice shown at around $355 - $365 per ton, up about a $5 per ton from Friday.

Parboiled Rice

Thailand parboiled rice is indicated at around $370 - $380 per ton. India parboiled rice is

indicated at around $360 - $370 per ton, about a $45 per ton discount to Pakistan parboiled rice

shown at around $405 - $415 per ton, down about a $5 per ton from Friday.

100% Broken Rice

Thailand 100% broken rice, A1 Super, is indicated at around $315 - $325 per ton, about a $10

per ton premium on Vietnam 100% broken rice shown at around $305 - $315 per ton. India's

100% broken rice is shown at around $270 - $280 per ton, about a $30 per ton discount

to Pakistan broken sortexed rice shown at around $300 - $310 per ton, up about a $5 per ton

from Friday.

Want to Have a Glimpse of Eighteenth

Century Rice Milling Equipment Still in

Working Condition?

May 18, 2015



Antica Riseria San Giovanni (Ancient Saint John rice mill) in Italy's Fontanetto Po showcases

the eighteenth century rice milling equipment including an ancient rice and husk separator, a

wooden mortar, an ancient grindstone, an ancient rice sifter, and ancient rice sewing machine,

ancient rice weighingstones and a turbine that was used to generate electricity to run the

mill.This mill was built in 1878 by rebuilding a mill that dated back to 1465. A visit to the mill

shows how water-force was used to run all the machines before the electricity was used for the

purpose. Even today the turbine "Francis", which derived power to run the rice machinery from

the waters of the Dora Baltea river, is in the working condition.

Other machinery such as the 18th century grindstone, which was used until 1970 to crumble and

recycle rice husk, is also still working.The mill is currently under the possession of an

association called "Macchine da riso" (Rice machinery), which collects, restores and exhibits the

ancient agricultural machinery. It also has a restoration workshop with a blacksmith and a

carpenter.The mill is in heart of Italy's rice growing region.

Documents

19th may,2015 daily exclusive oryza rice e newsletter by riceplus magazine