1st May, 2014 Daily Exclusive ORYZA E-Newsletter by Riceplus Magazine

1st May, 2014
TOP Contents - Tailored for YOU Latest News Headlines
Oryza Overnight Recap - Chicago Rough Rice Futures Lower Overnight as Negative Outside Markets Weigh on US Grains Vietnam Rice Sellers Increase Some Quotes; Pakistan Rice Quotes Mixed Today Farmer Group in Asia Urges Governments to Stop GM Rice Commercialization Rice under the Radar China and Myanmar Play Cat and Mouse with Drugs Smuggled in Bags of Rice President of the Gambia Reaffirms Rice Self-Sufficiency Plan, Import Ban by 2016, Despite Criticisms Oryza Afternoon Recap - Chicago Rough Rice Futures Settle Little Changed as Traders Anticipate Bullish Signals Rice Farming in Portugal Has Long History Oryza Rice Currency Analysis for Today Euro Rallies 0.4% Oryza Rice Currency Analysis for Today Euro Rallies 0.4% Oryza U.S. Rough Rice Recap - Little Trading as Price Ideas Differ featured Profile - Who's Who in Rice
News Detail
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
Oryza Overnight Recap - Chicago Rough Rice Futures Lower Overnight as Negative Outside Markets Weigh on US Grains
Apr 30, 2014
Chicago rough rice futures for Jul delivery are currently paused 2.5 cents per cwt (about $1 per ton) lower overnight at $15.515 per cwt (about $342 per ton) as of 8:00am Chicago time. The other grains are seen lower this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.4% lower, wheat was paused about 0.2% lower, and corn is noted about 0.7% lower. U.S. stock index futures edged mostly lower Wednesday, with investors cautious ahead of the Federal Reserve's news conference and after the first estimate of economic growth for the first three months of the year. The government estimates the U.S. economy grew 0.1 percent in the first quarter, versus a 1.2 percent estimate. In her 2 p.m. ET new conference, Fed Chair Janet Yellen is expected to announce a fourth cut to the central bank's bond-buying program, taking its monthly purchases to $45 billion. She is also likely to discuss the economic conditions under which the Fed might start raising short-term interest rates. Before the market open, a U.S. private sector report showed the economy created 220,000 jobs in April, beating a 200,000 estimate, according to the ADP. U.S. stock index futures are currently trading about 0.1% lower, gold is currently trading about 0.4% lower, crude oil is seen trading about 1.2% lower, and the U.S. dollar is currently trading about 0.3% lower at 8:00am Chicago time.
Tags: U.S. rice prices; U.S. rice market; Chicago rough rice futures
Vietnam Rice Sellers Increase Some Quotes; Pakistan Rice Quotes Mixed Today
Apr 30, 2014
Vietnam rice sellers increased their quotes for Jasmine rice by about $5 per ton to about $515 - $525 per ton today. Pakistan rice sellers increased their quotes for 5% broken rice by about $5 per ton to about $415 - $425 per ton and lowered their quotes for 100% broken rice by about $5 per ton to about $320 $330 per ton. Thailand and India rice sellers kept their quotes mostly unchanged. 5% Broken Rice Thai 5% rice (of new crop) is quoted around $370 - $380 per ton, about $15 per ton discount to Viet 5% rice shown around $385 - $395 per ton. Indian 5% rice is quoted around $415 - $425 per ton, on par with Pak 5% rice quoted around $415 - $425 per ton, up about $5 per ton from yesterday. 25% Broken Rice Thai 25% rice of the old crop is quoted about $340 - $350 per ton, about a $15 per ton discount to Viet 25% rice shown around $355 - $365 per ton.
Indian 25% rice is quoted around $370 - $380 per ton, about a $5 per ton premium over Pak 25% rice quoted around $365 - $375 per ton. Parboiled Rice Thai parboiled rice of the old crop is quoted around $410 - $420 per ton. Indian parboiled rice is quoted around $395 - $405 per ton, about $40 per ton discount to Pak parboiled rice quoted around $435 - $445 per ton. 100% Broken Rice Thai broken rice, A1 Super, of the old crop is quoted around $300 - $310 per ton, about a $35 per ton discount to Viet broken rice shown around $335 - $345 per ton. Indian broken sortexed rice is quoted around $295 - $305 per ton, about a $25 per ton discount to Pak broken sortexed rice quoted around $320 - $330 per ton, down about $5 per ton from yesterday.
Tags: asian rice quotes, Asia rice quotes, Global rice trade
Farmer Group in Asia Urges Governments to Stop GM Rice Commercialization

Apr 30, 2014
A Philippines-based farmer-scientist group, MASIPAG, along with its regional network, has called on governments to immediately halt all planned field testing and feed tests of the genetically modified (GM) rice Golden Rice. They say GMO rice will lead to a loss of genetic diversity, endanger farmers' rights, and cause detrimental environmental and health effects.Currently, GM rice is being field tested in the Philippines, Indonesia and Bangladesh, and the government of India has recently approved seed companies to carry out field trials of GM rice. While scientists and transgenic seed companies claim the GM rice Golden Rice, containing beta carotene, as a solution to combat Vitamin A deficiency, critics say there is no evidence that it will ensure safety to health and environment.Farmer groups in opposition to GM rice argue that the threats are unforeseen and unpredictable, and pose irreversible harm to agro ecosystems and human health, according to GRAIN, a small international non-profit for community-controlled and biodiversity-based food systems. A scientist from India noted that transgenes from the GM rice would cause genetic pollution of local rice varieties through cross pollination, with unknown ecological effects.The farmer groups claim that patents to GM rice are owned by private seed companies, which will eventually force farmers to pay for seed, instead of farmers being able to independently use rice seed harvested from a previously grown crop, which can reduce input costs.
Tags: Genetically modified (GM) rice, genetically modified organism (GMO), rice genetics
Rice under the Radar China and Myanmar Play Cat and Mouse with Drugs Smuggled in Bags of Rice
Apr 30, 2014
Myanmar rice exporters are considering removing branding showing the national origin of their rice, as they say Chinese authorities often find smuggled drugs and other contraband hidden in rice imports from Myanmar and seize the rice. Myanmar exports rice legally but the Chinese seize them whenever they want to catch illegal things, a rice trader from Muse, Myanmar told local Myanmar media. If we export the bags of rice with the brand name, the Chinese know instantly that it is being exported from Myanmar. If we dont label them they dont know where they come from so the bags are not seized. We have warned each other not to export bags with brand name, he added.Local sources say the Myanmar Ministry of Commerce is discussing with its Chinese counterparts to allow rice exports from Myanmar without hassles from local authorities. China is an important export destination for Myanmar rice exports. The USDA estimates Myanmar's rice exports in MY 2013-14 to grow to around 1.3 million tons, up about 12% from the previous year's level of around 1.16 tons. The country's milled rice production is estimated at 11.96 million tons in MY2013-14 against a consumption of around 10.5 million tons. The government is also in the process of finalizing a comprehensive rice policy including trade restrictions, taxes, export allowances and insurance policies.
President of the Gambia Reaffirms Rice Self-Sufficiency Plan, Import Ban by 2016, Despite Criticisms
The President of The Gambia has reaffirmed his government's stance to make the country self-sufficient in rice by 2016, despite criticisms from various corners. He has initiated a 21-day tour under the banner "Vision 2016 Rice Self-Sufficiency" to visit promising sites for rice cultivation in all the regions of the country. The government of The Gambia is planning to ban rice imports by 2016.The visits are helping the government to arrange for the necessary infrastructure to increase rice production and become self-sufficient in rice by 2016, say local sources. The high-power delegation with the President have been promoting the need for increasing rice production in the country and at the same time reduce dependency on imports, according to local sources. The Agriculture Minister, who is also part of the Presidents delegation, said the Gambian government is spending around D800 million (around $20 million) annually to import rice and saidthis huge expenditure could be reduced by increasing local rice production, while diverting the same funds towards other developmental projects. The Minister also stated that the government is taking measures to address the issue of an invasion of quelea birds, which have been causing severe loses to rice farmers. Quelea birds are referred to as the most hated bird in Africa and the feathered locust as super colonies can grow to millions of birds, making them a severe and constant threat to crops like rice, wheat, sorghum, barley, and millet. A flock of 2 million birds, not uncommon, can eat 20 tons of grain in a single day!The Gambia would need to increase its rice production by fivefold or more to meet current consumption needs. Currently, Gambia produces about 30,000 tons of rice and imports about 125,000 tons yearly to meet the consumption needs of around 165,000 tons.Analysts say the President's plan is very highly ambitious as there has been a cumulative 79% decline in rice production in the past six years. Analysts note that the plan is not realistic because of its inappropriate policies and improper application, adding that banning imports in 2016 without sufficient production may lead to scarcity of rice as well as increase its prices locally, or increase rice smuggling as in the case of Nigeria.
Tags: The Gambia rice production, The Gambia rice imports, quelea birds
Oryza Afternoon Recap - Chicago Rough Rice Futures Settle Little Changed as Traders Anticipate Bullish Signals
Apr 30, 2014
Chicago rough rice futures for Jul delivery settled 1.5 cents per cwt (about $0.33 per ton) higher at $15.555 per cwt (about $343 per ton). After trading to an over 10 cent per cwt (about $2 per ton) range rough rice futures finished the day little changed. An initial jump saw prices move to test nearby resistance noted in the $15.600 per cwt (about $344 per ton) area, before facing an uptick in selling pressure managed to momentarily drag the market below firm underlying technical and psychological support at $15.500 per cwt (about $342 per ton) level. Overall todays action provides a slightly positive outlook for tomorrows trade direction as the market did manage to log a higher high as well as a higher low, and some traders feel that todays move provid es a confirmation of yesterdays rally as a bullish signal. On a longer-term, multi-week, basis the market remains trapped in a wider $15.300-$15.700 per cwt (about $337-$346 per ton) trading range. The other grains finished the day with mixed results; soybeans closed about 0.3% lower at $15.1275 per bushel; wheat finished about 0.7% higher at $7.2150 per bushel, and corn finished the day about 0.5% lower at $5.1900 per bushel.U.S. stocks were mixed on Wednesday, with Dow and S&P 500 on track for April gains, as Wall Street reacted to the Federal Reserve's expected decision to cut another $10 billion from its monthly bond purchases. Equities had fluctuated ahead of the Fed move while weighing reports that had growth stalling in the first quarter and employers adding more workers than projected to their payrolls in April. Ahead of the open, stock futures offered a muted reaction to the government's estimate that the U.S.
economy grew 0.1% in the first quarter, versus a 1.2% estimate. Shifting near unchanged, the Dow Jones Industrial Average was lately up 18 points, or 0.1%, at 16,554.38. The S&P 500 also held little changed, up less than 2 points at 1,880.29, with materials faring the best and energy falling the most among its 10 major sectors. The Nasdaq declined 5.39 points, or 0.1%, to 4,098.15. Gold is trading about 0.2% lower, crude oil is seen trading about 1.7% lower, and the U.S. dollar is seen trading about 0.4% lower at about 1:00pm Chicago time.Tuesday, there were 1,132 contracts traded, down from 1,170 contracts traded on Monday. Open interest the number of contracts outstanding on Tuesday decreased by 72 contracts to 8,004.
Tags: U.S. rice prices; U.S. rice market; Chicago rough rice futures
Rice Farming in Portugal Has Long History

Apr 30, 2014
Portugal has the highest per capita consumption of rice in Europe: while the rest of the continent consumes about 4-5 kg (about 8.5-11 pounds) per year, Portuguese citizens consume about 16 kg (about 35 pounds) per year! According to the National Association of Rice Farmers (ANIA), in 2013 the country produced about 190,000 tons of paddy rice (about 130,000 tons milled equivalent), enough to cover only 60-70% of domestic consumption needs. Almost all of this about 100,000 tons is a typical Portuguese variety called Carolino. Carolino is a Japonica variety with small grains, making it cook in a quick 9-10 minutes. Some agencies are seeking its inclusion on the European register of protected designations of origin and protected geographical indications, like basmati rice and champagne.
Although Carolino is still the most popular variety in Portugal, domestic consumption of Indica varieties is growing as eating habits change.Rice growing in Portugal dates back to the Middle Ages: the Arabs brought it to the Iberian Peninsula at the time of its conquest in 711. It nearly disappeared when the country shifted back to Spanish dominion, but it survived. Rice was still being farmed in the area in the 14th century, but its consumption was mostly limited to wealthy social groups. Prior to the 20th century, most rice farming in Portugal was restricted to wetland areas, but after the establishment of a set of guidelines for land preparation and water management made farming easier in 1909, farming it became easier. Now, there are about 2,000 rice farmers in Portugal and in 2013 rice was planted on about 29,884 hectares. Today, Portugal represents about 6% of total European paddy output and has a volume of trade of about 60 million Euros (about $83 million). They still have to import about 110,000 tons of milled rice, and they also export about 20,000 tons.
Tags: farming, ANIA, Carolino, history
Oryza Rice Currency Analysis for Today Euro Rallies 0.4%

Apr 30, 2014
U.S. dollar index was down -0.39% from the open today, when it traded at 79.494 at the close. Euro was stronger +0.43% by the close, trading around 1.3871 by end of day, after trading between an intraday high of 1.3877 and low of 1.3775. U.S. Thai baht was weaker -0.32%, trading at 32.357 at the close of business. Indian rupee was stronger +0.15% at 60.3550. Brazilian real was stronger +0.30% at the close of trading today, trading at 2.2294 reais per dollar. Pakistan rupee was -0.12% weaker at 98.5650. Vietnamese dong was unchanged at 21083. Mexican peso was stronger +0.15% today, when it traded at 13.0828 pesos per dollar by the close of business. Chinese yuan was -0.03% weaker, trading at 6.2595. Argentine peso was weaker -0.01% at 8.0013 pesos per dollar.
Tags: foreign exchange ratesrice currencies, Global rice trade
Oryza Rice Currency Analysis for Today Euro Rallies 0.4%

Apr 30, 2014
U.S. dollar index was down -0.39% from the open today, when it traded at 79.494 at the close. Euro was stronger +0.43% by the close, trading around 1.3871 by end of day, after trading between an intraday high of 1.3877 and low of 1.3775. U.S. Thai baht was weaker -0.32%, trading at 32.357 at the close of business. Indian rupee was stronger +0.15% at 60.3550. Brazilian real was stronger +0.30% at the close of trading today, trading at 2.2294 reais per dollar. Pakistan rupee was -0.12% weaker at 98.5650. Vietnamese dong was unchanged at 21083. Mexican peso was stronger +0.15% today, when it traded at 13.0828 pesos per dollar by the close of business. Chinese yuan was -0.03% weaker, trading at 6.2595. Argentine peso was weaker -0.01% at 8.0013 pesos per dollar.
Tags: foreign exchange ratesrice currencies, Global rice trade
Oryza U.S. Rough Rice Recap - Little Trading as Price Ideas Differ
Apr 30, 2014
The U.S. cash market was lifeless today with little to no trades occurring as buyers and sellers differ on price ideas. Meanwhile, there were 74 new rice receipts registered overnight as well as 23 cancellations, leaving the total number of warehouse receipts left on the market at 387 (35,217 tons). As of today, a few old crop offers could still be found as low as $15.55 per cwt fob farm (about $343 per ton) for nearby shipment; however, most farmers are holding out for at least $16.11 per cwt fob farm (about $355 per ton). Old crop bids from larger mills were unchanged today near $15.30 per cwt (about $337 per ton) for May delivery while bids for exporters were firm around $15.50 per cwt (about $342 per ton), for the same delivery period, both of which continued to generate zero interest.
Tags: U.S. rice prices; U.S. rice market
FeaturedProfile -Who'sWhoinRice
David Dawe Senior Economist with the Food and Agriculture Organization of the United Nations
David Dawe is a Senior Economist with the Food and Agriculture Organization of the United Nations and is currently based in Bangkok, Thailand. He has been conducting agricultural and food policy analysis and research for more than 20 years, and has edited several books on the Asian and world rice economies. David has spent much of his professional career resident in Southeast Asia, having worked for the Harvard Institute for International Development in Indonesia, the International Rice Research Institute in the Philippines and at FAOs regional office for Asia and the Pacific in Thailand (as well as several years at FAO headquarters in Rome). He has published research in the areas of trade and markets, domestic price policy, production and natural resources (fertilizer and water management, climate) and nutrition, and is an editor for the journal Global Food Security. His Ph.D. is from Harvard University in Economics.
Oryza Global Rice Quotes

May 1st, 2014
Long grain white rice - high quality Thailand 100% B grade 385-395 Vietnam 5% broken 385-395 India 5% broken 415-425 Pakistan 5% broken 415-425 Cambodia 5% broken 435-445 U.S. 4% broken 580-590 Uruguay 5% broken 620-630 Argentina 5% broken 615-625 Long grain white rice - low quality Thailand 25% broken 340-350 Vietnam 25% broken 355-365 Pakistan 25% broken 370-380
Cambodia 25% broken 410-420 India 25% broken 370-380 U.S. 15% broken 555-565
Long grain parboiled rice Thailand parboiled 100% stxd 410-420 Pakistan parboiled 5% broken stxd 435-445 India parboiled 5% broken stxd 395-405 U.S. parboiled 4% broken 660-670 Brazil parboiled 5% broken 590-600 Uruguay parboiled 5% broken NQ Long grain fragrant rice Thailand Hommali 92% 935-945 Vietnam Jasmine 515-525 India basmati 2% broken 1515 -1525 Pakistan basmati 2% broken NQ Cambodia Phka Malis 870-880 Brokens Thailand A1 Super 300-310 Vietnam 100% broken 335-345 Pakistan 100% broken stxd 320-330 Cambodia A1 Super 350-360 India 100% Broken stxd 295-305 Egypt medium grain brokens NQ U.S. pet food 470-480 Brazil half grain 345-355 Medium grain milled U.S. Calrose 4% broken Egypt medium grain 6%
1070-1080 NQ
All prices USD per ton, FOB vessel, oryza.com
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1st May, 2014 Daily Exclusive ORYZA E-Newsletter by Riceplus Magazine

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1st May, 2014 Daily Exclusive ORYZA E-Newsletter by Riceplus Magazine

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1st May, 2014

TOP Contents - Tailored for YOU Latest News Headlines

Farmer Group in Asia Urges Governments to Stop GM Rice Commercialization

Rice Farming in Portugal Has Long History

Oryza Rice Currency Analysis for Today Euro Rallies 0.4%

Oryza Rice Currency Analysis for Today Euro Rallies 0.4%

Tags: U.S. rice prices; U.S. rice market

Oryza Global Rice Quotes

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

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