5th November ,2015 Daily Exclusive ORYZA Rice E_Newsletter by Riceplus Magazine

8/20/2019 5th November ,2015 Daily Exclusive ORYZA Rice E_Newsletter by Riceplus Magazine

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Daily Exclusive ORYZA Rice E-Newsletter www.ricepluss.com,www.riceplusmagazine.blogspot.com

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Vietnam, Pakistan Rice Sellers Alter Some of

Their Quotes Today; Other Asian RiceExport Quotes Remain Unchanged

Nov 04, 2015

Vietnam rice sellers have lowered their quotes for jasmine rice by about $5 per ton to around$470 - $480 per ton today. Pakistan rice sellers increased their quotes for 5% broken rice byabout $5 per ton to around $310 - $320 per ton. Other Asian rice sellers kept their quotes

unchanged.

5% Broken Rice

Thailand 5% rice is indicated at around $355 - $365 per ton about $15 per ton discount onVietnam 5% rice shown at around $370 - $380 per ton. India 5% rice is indicated at around $345- $355 per ton, about $35 per ton premium on Pakistan 5% rice shown at around $310 - $320 perton.

25% Broken Rice

Thailand 25% rice is indicated at around $345 - $355 per ton, about $10 per ton discount onVietnam 25% rice shown at around $355- $365 per ton. India 25% rice is indicated at around$330 - $340 per ton, about $50 per ton premium on Pakistan 25% rice shown at around $280 -$290 per ton.

Parboiled Rice

Thailand parboiled rice is indicated at around $355 - $365 per ton. India parboiled rice isindicated at around $340 - $350 per ton, about $65 per ton discount to Pakistan parboiled ricelast shown at around $405 - $415 per ton.

100% Broken Rice

Thailand broken rice, A1 Super is indicated at around $320 - $330 per ton, about $10 per tondiscount 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 $10 per ton premium on Pakistan broken sortexed rice shown at around $275 - $285 per ton.




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Guyana May Soon Secure Rice Export Deal

with Mexico, Says PMO

Nov 04, 2015

Guyana is likely to secure a rice export contract with Mexico shortly, local sources quoted astatement from the Prime Minister's Office (PMO).The statement noted that the decision wastaken when the Prime Minister of Guyana met with the Mexico's Agriculture Minister during theOpen Governance Summit in Mexico City from October 27-29, 2015. It stated the Mexico'sAgriculture Minister assured Guyana that he would speed up the formalities related to thefinalizing of the deal. He also reportedly encourage private sector to enter into contracts withGuyanese millers.The government of Guyana has been seeking to enter new markets for its riceafter losing its valuable Venezuela market. Venezuela has denied to renew the oil-for-rice dealwith Guyana. The Mexico market has been one of the several markets being explored by the

government.

The statement noted that Guyana produced 359,960 tons of rice in the first six months of 2015,up about 15.3% from around 312,283 tons produced during the same period last year.Guyanaaims to produce about 618,000 tons of milled rice and export around 521,000 tons in 2015.Guyana has exported around 501,208 tons of rice in 2014, up about 27% from around 394,000tons exported in 2013, according to data from the Agriculture Ministry.

Indonesia Secures 500,000 Tons Rice Import

Deal from Thailand, Says Bulog OfficialNov 04, 2015

The government of Indonesia has secured a deal to import 500,000 tons of rice from Thailand,Reuters quoted the Bulog Procurement Director as saying."We agree on the volume - about500,000 tonnes - but haven't yet agreed on price, specification, and the shipment schedule," hetold reporters. He added that a contract would be signed soon and if rains don't resume in thecoming weeks, the government will import rice.Indonesia reportedly signed an agreement withVietnam to import up to 1.5 million tons of rice if needed.The Indonesian statistics agency haslowered its estimates for the country's 2015 paddy rice production to around 74.99 million tons,slightly below the estimated 75.55 million tons. It is understood that the current estimates do notaccount for the El Nino impact on the rice production. If the impact of El Nino is considered, it islikely that the production may be much below the estimates.

The President has been keen on achieving self-sufficiency in rice production and avoid importsthis year. However, the extending dry conditions are reportedly prompting the government to




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import rice. Analysts have been predicting Indonesia to import around 1.6 million tons of ricethis year.Separately, the Agriculture Minister told local sources that the government is holding1.5 million tons of stocks and it will increase the rice stocks until the end of this year. Heasserted that the current stocks position is safe as the production is increasing.

India to Launch 'Climate Smart' Paddy

Variety Shortly

Nov 04, 2015

Scientists of the Central Rice Research Institute (CRRI) in India are developing a 'climate smart' paddy variety with multi-trait gene packaging, which is capable of withstanding both droughtand flood, according to local sources."This is a major breakthrough as scientists have been ableto agglomerate genes that are resilient to opposite extremes of climatic conditions as flood and

drought to design a single paddy variety that would not only absorb the stress but also give highyield in such conditions," said a senior scientist of the CRRI. “With the launching of the‘Climate Smart’ paddy, farmers in areas facing extreme climatic conditions would be benefited alot, added the CRRI Director.

The CRRI has reportedly nominated around six varieties of 'climate smart' paddy to the Centreand carrying out field trials in several states, encompassing different climatic and landconditions. The variety is likely to be released within two years, according to the CRRI.Recently,the government of India's eastern state Odisha has signed a Memorandum of Understanding(MoU) with the Philippine-based International Rice Research Institute (IRRI) to develop high-yield, stress tolerant paddy to overcome impact of climate change.

Higher Water Levels and Firm Prices Prompt

Turkey Rice Farmers to Increase Acreage in

MY 2015-16, Says USDA Post

Nov 04, 2015

USDA Post estimates Turkey's MY 2015-16 (September - August) rice production at around

500,000 tons (milled basis), up from last year's 460,000 tons and unchanged from USDA'sofficial estimates. The Post reports that the increase in production is mainly due to increasedacreage reflecting higher water levels in several dams as well as higher prices during the planting period.

Planting for the 2015-16 paddy crop completed in May and harvesting, which began in thesecond week of September, is also complete, says the Post. Paddy rice area in MY 2015-16increased by about 3% to around 98,000 hectares from last year's 95,000 hectares.




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The Post estimates Turkey's rice imports in MY 2015-16 at around 350,000 tons, up from anestimated 320,000 tons last year. It reports that Turkey imported around 317,536 tons of rice(including 250,945 tons of milled equivalent of paddy) in 2014.

USDA Post says that due to the macroeconomic concerns and the upcoming general election, traders are

unwilling to purchase newly harvested domestic rice. Farmers are expecting the government to announce

an intervention price. But the government may not announce a procurement price for paddy rice,

according to the Post. Currently, the Turkish Grain Board (TMO) has about 26,000 tons of paddy rice

and 7,000 tons of milled rice in its stock.




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Iran Has Not Officially Lifted Import Curbs

on Rice Imports, Says AIREA Official

Nov 04, 2015

The government of Iran has not officially lifted curbs on rice imports, the Executive Director ofthe All India Rice Exporters Association was quoted."We spoke to Iran embassy officials on thisissue, they said there is no such development," he said.Separately, the Director of BasmatiExport Development Foundation at the Agricultural and Processed Food Products ExportDevelopment Authority (APEDA) noted that the Iranian authorities have not officially bannedrice imports but only suspended fresh orders since October 2014 due to surplus stocks.

"At present, basmati rice is being exported against the permits issued prior to October 2014.There is no official communication from the Iran government that it has resumed fresh orders.

Our embassy is seized of the matter," he was quoted.

Iran is the largest buyer of Indian basmati rice and Indian exporters are looking forward for Iranto resume imports as it would enhance basmati rice exports as well as push up prices, which have been falling since the beginning of this year due to lower demand.

India has exported 300,000 tons of basmati rice to Iran in the first four months of (April-August)FY 2015-16 (April - March) against 370,000 tons during the same period in FY 2014-15,according to the APEDA data. India exported about 970,000 tons of rice in FY 2014-15 andaround 1.44 million tons of rice in FY 2013-14.

USDA estimates the annual rice consumption of rice of Iran at around 3.35 million tons. TheMiddle East nation produces around 1.75 million tons and imports the rest.

Oryza CBOT Rough Rice Futures Recap -

Chicago Rough Rice Futures Resume Their

Rally as the Bulls Once Again Step Up to the

Plate; Wheat Moves Higher on Technical

Buying

Nov 05, 2015




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Chicago rough rice futures for Jan delivery settled 27 cents per cwt (about $6 per ton) higher at$12.445 per cwt (about $274 per ton). The other grains finished the day mostly higher led by asharp technical rally in wheat; Soybeans closed about 0.6% higher at $8.8400 per bushel; wheatfinished about 1.9% higher at $5.2625 per bushel, and corn finished the day unchanged at$3.8050 per bushel.

U.S. stocks traded in a range Wednesday, after a strong start to November, as investors lookedfor more clues on the timing of a rate hike from a slew of data and Fed speakers. Fed Chair JanetYellen said Wednesday morning a December rate hike is a "live possibility," depending on thedata. In prepared remarks for her testimony before the House Financial Services Committee on bank regulation and supervision, she said banks are much healthier but problems remain. In theafternoon, New York Fed President William Dudley is scheduled to give a news briefing onlooking beyond the macro economy. Economic data gave a mixed view on the services sector,which remains well in expansion territory.

The non-manufacturing ISM October report showed a rise to 59.1 from 56.9 the prior month.

However, Markit said its October PMI services index declined to 54.8 from 55.1 in September.With two days to Friday's nonfarm payrolls report, the ADP employment report showed privatecompanies added 182,000 jobs in October. In other economic news, weekly mortgageapplications fell 0.8% last week as interest rates rose. In midday trade, the Dow Jones IndustrialAverage fell 45 points, or 0.25%, to 17,873. The S&P 500 traded down 7 points, or 0.34%, to2,102, with energy leading eight sectors lower and utilities and information technology the onlyadvancers. The Nasdaq fell 10 points, or 0.19%, to 5,135. Gold is trading about 0.6% lower,crude oil is seen trading about 3.2% lower, and the U.S. dollar is seen trading about 0.9% higherabout 1:00pm Chicago time.Tuesday, there were 812 contracts traded, down from 1,321contracts traded on Monday. Open interest – the number of contracts outstanding – on Tuesdaydecreased by 146 contracts to 12,120.

Oryza U.S. Rough Rice Recap - Prices Firm

as Futures Rally; Farmers Continue to Wait

for Higher Prices

Nov 05, 2015

The U.S. cash market was firmer today as offers from resellers increased with the futures marketwhile most bids were unable to attract sellers.Analysts note that most farmers remainuninterested in the prices they are seeing and content to put their rice into storage, waiting untilafter the hunting season and the holidays before they market the rest of their crop.News thatGuyana had reached a deal with the Mexican government that would facilitate the sale of paddyto Mexico was mostly shrugged off by the market.






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Month-on-month, household rice stocks are up about 37%, commercial warehouse rice stocks areup about 16% and NFA rice stocks - in which about 91.8% are imported rice - are down about6%, according to the BAS.

The BAS says that the Philippines' rice stocks as of October 1, 2015 are enough to last for 65

days (household and household stocks are enough for 23 days, commercial warehouses stocksare enough for 20 days and stocks with NFA are enough for 22 days).

Global Rice Quotes

November 4th, 2015

Long grain white rice - high quality

Thailand 100% B grade 365-375 ↔

Vietnam 5% broken 370-380 ↔

India 5% broken 345-355 ↔

Pakistan 5% broken 310-320 ↑

Myanmar 5% broken 415-425 ↔

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 ↔


Pakistan 25% broken 280-290 ↔

Cambodia 25% broken 400-410 ↔

India 25% broken 330-340 ↔

U.S. 15% broken 500-510 ↔




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Long grain parboiled rice

Thailand parboiled 100% stxd 355-365 ↔

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% 790-810 ↔

Vietnam Jasmine 470-480 ↓

India basmati 2% broken NQ ↔

Pakistan basmati 2% broken NQ ↔

Cambodia Phka Mails 830-840 ↔

Brokens

Thailand A1 Super 320-330 ↔


Pakistan 100% broken stxd 275-285 ↔

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

Documents

5th November ,2015 Daily Exclusive ORYZA Rice E_Newsletter by Riceplus Magazine