29th December, 2014 Daily Exclusive ORYZA E-Newsletter by Riceplus Magazine

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Daily
December 29,2014
Exclusive ORYZA E-Newsletter
DAILYCompiled
EXCLUSIVE
ORYZA E-NEWSLETTER
& Edited by Riceplus Magazine
December 29, 2014

Vol 4 Issue XII
Riceplus Magazine wwww.ricepluss.com

mujahid.riceplus@gmail.com Cell: +92 321 369 2874
28
December 29,2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER

News Headlines
Indonesia Targets to Produce Over 80
Million Tons of Paddy Rice in 2015
Thai NACC and OAG to Gather More
Evidence in Rice Pledging Case
Oryza Overnight Recap - Chicago Rough
Rice Futures Slightly Higher on Light
Volume
Oryza Afternoon Recap - Chicago Rough
Rice Futures Push Slightly Higher Near
Session Close but Remain Lower on the
Shortened Week
Philippines Targets to Produce 20 Million
Tons of Paddy Rice in 2015; Up 6% from
2014
Vietnam's 2014 Rice Exports Estimated at
6.53 Million Tons; Down 1% from 2013
Global Rice Quotes
Asia Rice Quotes Unchanged Today
Myanmar's Illegal Rice Exports to China
Increase Despite Ban
About 42% of Taiwan's Rice Imports
Under 2014 U.S. CSQ Remains Untendered
New Detail

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December 29,2014
Indonesia Targets to Produce Over 80 Million

Tons of Paddy Rice in 2015
Dec 26, 2014
Indonesia needs to produce over 80 million tons (around 52.8 million tons, basis milled) of
paddy rice in 2015 to achieve food self-sufficiency target in the next three years, local sources
quoted the Agriculture Minister as saying.The Minister noted that he has set a target of over 80
million tons, or about 11 million tons higher than an estimated 70.6 million tons produced in
2014 to support the food self-sufficiency program initiated by the new President.
He noted that he expects all the major rice producing provinces to contribute to the increased
paddy rice production. He said an increase of 2 million tons each in the provinces of East Java
and West Java; 1.5 million tons in Central Java; and one million tons each in West Sumatra and
North Sumatra.The Minister said the government is planning to increase the allocation for
farming in the 2015 budget to around Rp20 trillion (around $1.6 billion) from the current Rp4.1
trillion (around $330 million) as part of efforts to achieve the food self-sufficiency target.
He noted that in order to increase production in the major rice producing provinces, the
government needs to address certain issues such as damaged irrigation channels, inefficient
distribution of fertilizer and seeds, farming tools and lack of agricultural extension. The Minister
noted that the President has already approve the Ministry's plan to repair damaged irrigation
system for 1 million hectares of rice fields next year.
The Minister also noted that the government would distribute 57,000 tons of fertilizer and seeds
for about five million hectares of rice fields across the country.The government has actually
targeted an increase of about 4% in the paddy rice production in 2015 to around 73.4 million tons
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December 29,2014
(around 48.44 million tons, basis milled) from an estimated 70.61 million tons (around 46.65
million tons, basis milled) in 2014, according to local sources.
USDA estimates Indonesia to produce around 36.5 million tons of rice, basis milled (around 57.4
million tons, basis paddy), and import around 1.3 million tons of rice in MY 2014-15 (January
2014 - December 2014. Consumption in 2015 is estimated at around 39.2 million tons.
Thai NACC and OAG to Gather More

Evidence in Rice Pledging Case
Dec 26, 2014
Thailand's National Anti-Corruption Commission (NACC) and the Office of the Attorney
General (OAG) have decided to gather further evidences in the controversial rice pledging
scheme before deciding over the prosecution of indicting the former Prime Minister (PM),
according to local sources.
The NACC initially refused to question more witnesses following OAG's ruling to gather more
evidences, regarding a government-to-government (G2G) deal with China, saying it's
investigative report is complete in all respects. However, in a joint meeting on December 25,
2014, both the NACC and OAG decided to gather more evidences against the former PM as well
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December 29,2014
as question two more witnesses in regarding the G2G deal.

The NACC will question an accuser over the G2G deal and a researcher from the Thailand
Development Research Institute (TDRI).
The NACC Secretary-General said he was hopeful of the OAG to carry out the prosecution of
the former PM at the Supreme Court's Criminal Division for Holders of Political Offices after its
completion of interviewing the witnesses by the end of January 2015. He added that if OAG did
not take up the prosecution case, it would take the case to the Court individually.
The former PM is also facing charges of ignoring warnings against misdealing in the
controversial rice pledging scheme, which brought losses of over 500 billion baht (around $15.6
billion) to the exchequer.
Oryza Overnight Recap - Chicago Rough

Rice Futures Slightly Higher on Light
Volume
Dec 26, 2014
Chicago rough rice futures for Jan delivery were trading 2 cents per cwt (about $0.44 per ton)
higher at $12.145 per cwt (about $268 per ton) during early floor trading in Chicago. The other
grains are seen trading mostly higher: soybeans are currently seen 0.8% higher, wheat is listed
about 0.2% higher and corn is currently trading unchanged.
U.S. stocks rose in light volume on Friday as Wall Street reopened following the Christmas
holiday, with the Dow and S&P 500 at or near records. Around the globe, most major markets
were closed, with trading shuttered in cities including London, Paris, Milan, Hong Kong and
Toronto. Crude-oil futures for February delivery rose 21 cents, or 0.3%, to $56.05 a barrel as
fighting between government troops and Islamist militias in Libya fostered supply concerns.
Benchmark indexes were in position for a second week of gains. The Dow Jones Industrial
Average rose 45.26 points, or 0.3%, to 18,075.47. The S&P 500 gained 6.27 points, or 0.3%, to
2,088.15, with energy leading sector gains that extended to all 10 of its major industry groups.
The Nasdaq gained 18.43 points, or 0.4%, to 4,791.89. Gold is currently trading about 1.7%
higher, crude oil is seen trading slightly lower, and the U.S. dollar is currently trading about
0.2% higher at 8:40am Chicago time.

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December 29,2014
Oryza Afternoon Recap - Chicago Rough

Rice Futures Push Slightly Higher Near
Session Close but Remain Lower on the
Shortened Week
Dec 26, 2014
Chicago rough rice futures for Jan delivery settled 4 cents per cwt (about $1 per ton) higher at
$12.165 per cwt (about $268 per ton). Rough rice futures pushed slightly higher in the final
moments of trading as the market finished a shortened holiday week over 20 cents per cwt (about
$5 per ton) lower from their starting point of $12.370 per cwt (about $273 per ton) at which they
opened for Mondays session. Overall the market continues to trade in a sideways pattern and
will likely continue to do so through the coming weeks.
The other grains closed mostly higher today; Soybeans closed about 1.8% higher at $10.5400 per
bushel; wheat finished about 0.1% lower at $6.1075 per bushel, and corn finished the day about
1.7% higher at $4.1475 per bushel.U.S. stocks rose in light volume on Friday following the
Christmas holiday, with the Dow and S&P 500 at or near records. Around the globe, most major
markets were closed, with trading shuttered in cities including London, Paris, Milan, Hong Kong
and Toronto. Benchmark indexes were in position for a second week of gains. After rising 73
points to an intraday record, the Dow Jones Industrial Average was more recently up 42.38
points, or 0.2%, at 18,072.59.
The S&P 500 gained 8.04 points, or 0.4%, to 2,089.92, with utilities leading sector gains that
extended to all 10 of its major industry groups. The Nasdaq gained 28.01 points, or 0.6%, to
4,801.48. Gold is trading about 1.9% higher, crude oil is seen trading about 1.6% lower, and the
U.S. dollar is seen trading about 0.2% higher at about 1:00pm Chicago time.Wednesday, there
were 672 contracts traded, down from 1,064 contracts traded on Tuesday. Open interest the
number of contracts outstanding on Wednesday decreased by 304 contracts to 9,218.
Philippines Targets to Produce 20 Million

Tons of Paddy Rice in 2015; Up 6% from
2014
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December 29,2014
Dec 26, 2014
The Philippines Department of Agriculture (DA) is targeting to produce around 20 million tons
of paddy rice in 2015, up about 6% from an estimated 18.8 million tons in 2014, according to
local sources.The Agriculture Secretary was quoted as saying that they are planning to achieve
their target by expanding paddy rice acreage and increasing the yield per hectare to around 3.89
tons per hectare from an estimated 2.09 tons per hectare. He also noted that the government
would encourage farmers to increase hybrid seeds planting to ensure higher output. He added
that the government is planning to provide about 52,000 hectares of irrigated land to plant hybrid
rice seeds.
The Secretary told local sources that the government is also planning to increase the budget
allocation to its credit assistance program, Sikat Saka, to about P1 billion (around $22 million)
from next year from the current P400 million (around $8.9 million).The Philippines government
aimed to achieve self-sufficiency in rice production in 2013, but could achieve only 92% of the
self-sufficiency target due to a series of typhoons that hit the country. Now the government has
temporarily put off the rice self-sufficiency target and is planning to import sufficient rice to
ensure adequate stocks and control price hikes.
The South-East Asian nation has imported around 1.8 million tons of rice since the beginning of
2014 (including 1.5 million tons of this year's imports and 300,000 tons of last year's imports) to
replenish rice stocks and control price hikes. It has recently allowed the private sector to import
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December 29,2014
another 187,000 tons of rice under the minimum access volume (MAV) program.USDA
estimates Philippines MY 2014-15 (July - June) paddy rice production at around 19.365 million
tons (around 12.2 million tons, basis milled), up about 3% from around 18.822 million tons
(around 11.8 million tons, basis milled) produced in the previous year. It estimates Philippines
2014-15 milled rice exports at around 1.6 million tons, up about 10% from last year.
Vietnam's 2014 Rice Exports Estimated at

6.53 Million Tons; Down 1% from 2013
Dec 26, 2014
Vietnam's rice exports in 2014

are expected to reach around 6.53
million tons, down about 0.9%
from around 6.59 million tons in
2013 due to a stiff competition
from other exporting nations
such as Thailand and India,
according
to
Reuters.The
Agriculture Ministry was quoted
as saying in a monthly report that
total earnings from rice exports
are however expected to increase to around $3.05 billion in 2014, up about 4.2% from around
$2.93 billion earned in 2013.
The Ministry noted in the report that Vietnam's total paddy production in 2014 would reach
around 44.84 million tons (around 28 million tons, basis milled), up about 1.8% from around 44
million tons (around 27.5 million tons, basis milled) produced in 2013.Increase in the paddy rice
output is attributed to increase in yields despite a decline in paddy rice acreage by about 1.2% to
around 7.8 million hectares from around 7.89 million hectares in 2013. According to the
Ministry sources average yield increased by about 3% to around 5.83 tons per hectare from
around 5.66 tons per hectare in 2013.
Vietnam exported around 5.961 million tons of rice in January 1 - December 18, 2014, down
about 11% from about 6.71 million tons of rice exported in full year of 2013, according to data
from the Vietnam Food Association (VFA). Average rice export price so far in this year stands at
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December 29,2014
about $439 per ton (FOB), up about 2% per ton from same time last year.
USDA estimates Vietnam to produce around 28.16 million tons of rice, basis milled (around 45
million tons, basis paddy) and export around 6.5 million tons in MY 2013-14 (January 2014
December 2014) .
Global Rice Quotes

December 26th, 2014
Long grain white rice - high quality

Thailand 100% B grade 420-430
Vietnam 5% broken
385-395
India 5% broken
385-395
Pakistan 5% broken
370-380
Cambodia 5% broken
460-470
U.S. 4% broken
510-520
Uruguay 5% broken
595-605
Argentina 5% broken
595-605
Long grain white rice - low quality
Thailand 25% broken
NQ
Vietnam 25% broken
350-360
Pakistan 25% broken
330-340
Cambodia 25% broken 435-445
India 25% broken
350-360
U.S. 15% broken
495-505

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December 29,2014
Long grain parboiled rice

Thailand parboiled 100% stxd
405-415
Pakistan parboiled 5% broken stxd
395-405
India parboiled 5% broken stxd 375-385
U.S. parboiled 4% broken
580-590
Brazil parboiled 5% broken
570-580
Uruguay parboiled 5% broken NQ
Long grain fragrant rice

Thailand Hommali 92%
Vietnam Jasmine
890-900
525-535
India basmati 2% broken
NQ
Pakistan basmati 2% broken
NQ
Cambodia Phka Mails 805-815
Brokens
330-340
Vietnam 100% broken 330-340
Thailand A1 Super
Pakistan 100% broken stxd

Cambodia A1 Super
300-310
385-395
India 100% broken stxd
295-305
Egypt medium grain brokens
NQ
U.S. pet food
390-400
Brazil half grain
NQ

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10
December 29,2014
All prices USD per ton, FOB vessel, oryza.com
Asia Rice Quotes Unchanged Today

Dec 26, 2014
Asia rice sellers kept their quotes mostly unchanged today.

5% Broken Rice
Thailand 5% rice is quoted at around $405 - $415 per ton, about $20 per ton premium on
Vietnam 5% rice shown at around $385 - $395 per ton. India 5% rice is quoted at around $385 $395 per ton, about $15 per ton premium on Pakistan 5% rice quoted at around $370 - $380 per
ton.
25% Broken Rice
Thailand 25% rice was last quoted at around $350 - $360 per ton, on par with Vietnam 25% rice
shown at around $350 - $360 per ton. India 25% rice is quoted at around $350 - $360, about $20
per ton premium on Pakistan 25% rice quoted at around $330 - $340 per ton.
Parboiled Rice
Thailand parboiled rice is quoted at around $405 - $415 per ton. India parboiled rice is quoted at
around $375 - $385 per ton, about $20 per ton discount to Pakistan parboiled rice quoted at
around $395 - $405 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is quoted at around $330 - $340 per ton, on par with Vietnam
100% broken rice shown at around $330 - $340 per ton. India's 100% broken rice is shown at
around $295 - $305 per ton, about $5 per ton discount to Pakistan broken sortexed rice quoted at
around $300 - $310 per ton.
Myanmar's Illegal Rice Exports to China

Increase Despite Ban
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December 29,2014
Dec 26, 2014
Myanmar rice exports to China through its northern

borders have reached about 716,272 tons accounting
for nearly 78% of the total rice exports since the
beginning of this fiscal year, which began on April 1,
according to local sources. Total rice exports of the
country reached around 915,000 tons from April 1 December 15, 2014, up about 75% from around
522,857 tons exported during the same period last
year, according to the Ministry of Commerce. Sources
at the Ministry were quoted as saying that illegal rice exports to China through northern borders
have increased despite China officially banning rice imports through borders. Official rice
exports from the country constituted only 198,698 tons, according to the Ministry.
The Chairman of the Myanmar Rice Federation (MRF) noted that though rice exports through
the northern borders is considered to be legal from Myanmar's point of view, Chinese authorities
have been treating these cross border imports as illegal as there is no formal rice export
agreement between China and Myanmar. China, which had been demanding a phyto-sanitary
agreement with Myanmar, had officially banned rice imports through Myanmar's northern
borders in August this year.
Myanmar government has been negotiating with the Chinese authorities to chart a formal trade
agreement between the two countries. In November, on the sidelines of the ASEAN summit, the
Chinese Premier reportedly promised to import one million tons of rice from Myanmar in 2015
as well as legalize imports through borders. The MRF Chairman said a delegation would visit
China to carry out further negotiations with the Chinese authorities next month.
The Chairman of the Myanmar Farmers Association added that China Certification and
Inspection Group is planning to set up an office in Rangoon soon in order to monitor the quality
of Myanmar rice before exporting to China.
Myanmar exported record 1.33 million tons of rice in 2012-13, but exports dropped to around 1.2
million tons in MY 2013-14. The government is keen on increasing rice exports to around 3
million tons over the next few years and is planning to prioritize rice in its National Export
Strategy, which is likely to be released in January 2015. It is planning to explore newer markets
for its rice exports under the new strategy.
The South-East Asian nation expects to export over 1.5 million tons of rice this year. USDA
estimates Myanmar to produce 18.98 million tons of paddy rice (around 12.15 million tons,
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December 29,2014
milled basis) and export around 1.4 million tons of rice in MY 2014-15 (January - December
2015).
About 42% of Taiwan's Rice Imports Under

2014 U.S. CSQ Remains Untendered
Dec 26, 2014
Of the 38,634 tons to be imported under normal tenders,

Taiwan imported around 9,750 tons or about 12% of the
U.S. 2014 CSQ and has invited tenders for around
12,384 tons of U.S. long grain rice on December 25.
Tenders have to be invited for the remaining 16,230 tons
or 42% of the total 2014 U.S. CSQ, according to the
USDA Post.
According to the Post, as the year 2014 was coming

to an end, Taiwan issued five tenders for a total of about 22,100 tons of U.S. rice during the
week of December 8 - 13, 2014. Of this, tenders for only 5,600 tons were successfully awarded.
Tenders for 1,500 tons of U.S. origin long grain brown rice for delivery between May 1 - June
30, 2015 on December 11 and 18 failed due to no bidder participating in the bid. About 1,000
tons of rice were awarded on December 10 at NT$24,490 per ton ($784.66 per ton). Tender for
another 500 tons of rice on December 18 failed due to high prices. Of 9,000 tons of U.S. origin
medium/short grain brown rice tendered on December 11, only 2,000 tons were awarded at
NT$24,990 per ton ($800.96 per ton) for delivery between May 1-June 30, 2015. Tender for the
remaining 7,000 tons will be scheduled shortly on a global basis. Tenders for 1,500 tons of U.S.
origin medium/short grain brown rice for delivery between May 1 - June 30, 2015 failed because
of high prices. Of the 8,600 tons of U.S. origin medium/short grain brown rice tendered for
delivery between May 1 - June 30, 2015, around 2,600 tons were awarded to two bidders at
NT$26,095 per ton (around $836.83 per ton). Tender for remaining 6,000 tons is expected in
January 2015.
Recently, Taiwan has removed the longstanding eight-year ban on U.S. long grain rice
imports. Taiwan has to import around 64,634 tons of rice under 2014 U.S. country specific
quota (CSQ), of which around 38,634 tons of rice are to be imported in normal tenders and
around 26,000 tons of rice are to be imported in Simultaneous Buy Sell (SBS) tenders.

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13

29th December, 2014 Daily Exclusive ORYZA E-Newsletter by Riceplus Magazine

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www.ricepluss.

Exclusive ORYZA E-Newsletter

December 29, 2014

Riceplus Magazine wwww.ricepluss.com

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Riceplus Magazine wwww.ricepluss.com

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Indonesia Targets to Produce Over 80 Million

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Thai NACC and OAG to Gather More

Dec 26, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

as question two more witnesses in regarding the G2G deal.

Oryza Overnight Recap - Chicago Rough

Riceplus Magazine wwww.ricepluss.com

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Oryza Afternoon Recap - Chicago Rough

Philippines Targets to Produce 20 Million

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Dec 26, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Vietnam's 2014 Rice Exports Estimated at

Vietnam's rice exports in 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Global Rice Quotes

Long grain white rice - high quality

Long grain white rice - low quality

Thailand 25% broken

Vietnam 25% broken

Pakistan 25% broken

Cambodia 25% broken 435-445

India 25% broken

U.S. 15% broken

Riceplus Magazine wwww.ricepluss.com

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Long grain parboiled rice

Pakistan parboiled 5% broken stxd

India parboiled 5% broken stxd 375-385

U.S. parboiled 4% broken

Brazil parboiled 5% broken

Uruguay parboiled 5% broken NQ

Long grain fragrant rice

India basmati 2% broken

Pakistan basmati 2% broken

Cambodia Phka Mails 805-815

Vietnam 100% broken 330-340

Pakistan 100% broken stxd

India 100% broken stxd

Egypt medium grain brokens

U.S. pet food

Brazil half grain

Riceplus Magazine wwww.ricepluss.com

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

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

Asia Rice Quotes Unchanged Today

Asia rice sellers kept their quotes mostly unchanged today.

Myanmar's Illegal Rice Exports to China

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Dec 26, 2014

Myanmar rice exports to China through its northern

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

About 42% of Taiwan's Rice Imports Under

Of the 38,634 tons to be imported under normal tenders,