10th January, 2014 Daily ORYZA Rice E-Newsletter by Riceplus Magazine

10th January, 2014
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TOP Contents - Tailored for YOU Latest News Headlines

Oryza U.S. Rough Rice Recap Trading Thin Ahead of WASDE Report Release; Export Sales Increase 5% from Previous Week Oryza Rice Currency Analysis for Today Currencies Little Changed Oryza Afternoon Recap Chicago Rough Rice Futures Tumble as Buying Interest Fades ahead of Tomorrows Key USDA S&D Update Thailand Government to Sell 150,000 tons of Rice Via Futures Exchange Thailand Exports 5.9 Million Tons of Rice in January November 2013 Philippines Customs to Publish Rice Import Data Every Month Thailand Agriculture Bank Rejects Use of Liquidity Surplus to Pay Rice Farmers Oryza Quick Glance at MDA Rice Crop Weather Update Oryza Overnight Recap Chicago Rough Rice Futures Seen Lower Overnight on Weak Volume Sri Lanka Rice Farmers to Hike Prices in March 2014 Thailand, India Rice Sellers Increase Some of Their Quotes; Vietnam Rice Sellers Lower Some of Their Quotes Oryza Quick Glance at World News Oryza Global Rice Quotes
NEWS DETAILS:
Oryza U.S. Rough Rice Recap Trading Thin Ahead of WASDE Report Release; Export Sales Increase 5% from Previous Week
Jan 09, 2014
The U.S. cash market was uneventful today ahead of the release of the USDAs World Agriculture Supply and Demand Estimate due out Friday morning at 11 a.m. CST. Most analysts expect the report to be a non-event however most wouldnt be surprised if the USDA decided to tweak some other estimates.As of today, offers held firm near $15.55-$16.66 per fob farm (about $343-$367 per ton), depending on where they are located in the U.S. mid-South, for January through March shipment. Bids from larger mills decreased to around $14.90 per cwt (about $328 per ton) while bids from exporters were unchanged near $15.15 per cwt (about $334 per ton), both for January through February delivery, although there are reports of smaller mills paying as much as $15.88 per cwt fob farm (about $350 per ton) for prompt shipment.In the meantime, today the USDA reported that cumulative net export sales for the week ending on January 2nd, totaled 91,900 tons, which was 5% higher than last week and 59 percent higher than the prior 4week average.Increases were reported for the following destinations including: 37,000 tons to Mexico, 35,000 tons to Canada, 13,500 tons to Taiwan, 8,300 tons to Nicaragua (including 8,000 tons switched from unknown destination), and 1,500 tons to Australia. U.S. rice exporters shipped 82,600 tons, which was 44% lower than the previous week but 4% higher than the prior 4-week average. The primary destinations included: 31,800 tons to Turkey, 24,500 tons to Japan, 10,400 tons to Mexico, 8,300 tons to Nicaragua, and 2,700 tons to Canada.
Tags: U.S. rice prices, U.S. rice market
Oryza Rice Currency Analysis for Today Currencies Little Changed

Jan 09, 2014
U.S. dollar index was down -0.09% from the open today, when it traded at 80.953 at the close. Euro was stronger +0.21% today by the close, trading around 1.3604 by end of day, after trading between an intraday high of 1.3633 and low of 1.3549. Thai baht was stronger +0.12%, trading at 33.020 at the close of business. Indian rupee was almost unchanged, trading at 62.0775. Brazilian real was +0.26% stronger than the open at todays close, when it ended at 2.3906 reais per dollar. Pakistan rupee was -0.04% weaker at 105.5412. Vietnamese dong was stronger +0.02% at 21095. Mexican peso was +0.26% stronger today, when it traded at 13.1021 pesos per dollar by the close of business today.
Chinese yuan was weaker -0.07%, trading at 6.0554. Argentine peso was -0.34% weaker at 6.6264 pesos per dollar.
Tags: foreign exchange rates
Oryza Afternoon Recap Chicago Rough Rice Futures Tumble as Buying Interest Fades ahead of Tomorrows Key USDA S&D Update
Jan 09, 2014
Chicago rough rice futures for March delivery settled 14 cents per cwt (about $3 per ton) lower at $15.405 per cwt (about $340 per ton). Rough rice futures came under pressure once again today, as spread activity slowed and outright selling intensified ahead of tomorrows USDA S&D update. Industry experts do not expect any major changes for the numbers concerning rice, however volatility could easily spill over from neighboring grain pits and cause unexpected price swings. Overall it was a quiet day for the grain complex as traders made slight last minute adjustments to positions ahead of the reports. The other grains finished the day with mixed results; soybeans closed about 0.4% higher at $12.7375 per bushel; wheat finished about 0.8% lower at $5.8425 per bushel; and corn finished the day about 1.2% lower at $4.1200 per bushel. U.S. stocks posted mild losses Thursday as investors considered accelerated tapering by the Federal Reserve, a drop in jobless claims ahead of Friday's December payrolls report and corporate earnings. Improvements in the labor market have been cited as central to Fed policy decisions, with minutes from the central bank's December meeting released Wednesday afternoon included some members expressing the view that the "criterion of substantial improvement in the outlook for the labor market was likely to be met in the coming year." The Dow Jones Industrial Average fell. The S&P 500 held little changed, with telecommunications and materials the leading laggards and utilities and health care performing best of its 10 sectors. The Nasdaq remained in the red. U.S. stock markets are currently trading about 0.1% lower, gold is trading about 0.2% higher, crude oil is seen trading about 0.7% lower, and the U.S. dollar is seen trading marginally higher at about 2:00pm Chicago time. Turning to the daily continuation chart of Chicago rough rice futures for March delivery, the market prove below nearby support noted yesterday provided at the point of convergence of the 10-day and 20-day moving averages, noted at $15.440 per cwt (about $340 per ton) today. This move has returned prices to technically bearish territory and provides a negative forecast for tomorrows trade direction. Prices now appear prepared to test support provided by a longer-term low around $15.200 per cwt (about $335 per ton) a level that has not been tested since mid-December. Open interest continues to be noted at very low levels and daily trade activity remains subdued, both factors that could explain the recent price swings. Todays trading range is noted as $15.365-$15.540 per cwt (about $339-$343 per ton).Wednesday, there were 326 contracts traded, down from 669 contracts traded on Tuesday. Open interest the number of contracts outstanding on Wednesday increased by 54 contracts to 6,924.
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market
Thailand Government to Sell 150,000 tons of Rice Via Futures Exchange

Jan 09, 2014
The Thailand government is planning to sell around 150,000 tons of rice from the new crop (2013-14) through the Agriculture Futures Exchange of Thailand (AFET). Hommali fragrant rice and 5% broken white rice will be offered in the auctions. According to caretaker minister of commerce, the last date of submission of bids is January 15, 2014.
Tags: Thailand rice tender
Thailand Exports 5.9 Million Tons of Rice in January November 2013

Jan 09, 2014
Thailands rice exports during January November 2013 stand at around 5.9 million tons and worth about 121 billion baht (about $3.97 billion), according to the Thai Rice Exporters Association (TREA).Total rice exports in January November 2013 include around 2.4 million tons of white rice, about 1.3 million tons of Hommali rice, and about 1.4 million tons of parboiled rice. Considering the average monthly exports in January November 2013, Thailands total rice exports are expected to reach around 6.4 million tons in the full calendar year 2013, which is down about 24% from the targeted 8.5 million tons.In November 2013, Thailands rice exports declined to around 519,700 tons, down about 32% from around 762,196 tons of rice exported in the previous month. Sharp decline was seen in white rice exports which reached around 148,012 tons in November 2013, down about 52% compared to around 306,610 tons in October 2013. Exports of parboiled rice declined to around 146,367 tons in November 2013, down about 41% from about 248,724 tons exported in October 2013. However, exports of Hommali rice increased to around 150,738 tons in November 2013, up about 37% from around 110,120 tons exported in the previous month.White rice, Hommali rice and parboiled rice exports accounted for around 86% of total rice exports in November 2013.
Tags: Thailand rice exports 2013
Philippines Customs to Publish Rice Import Data Every Month

Jan 09, 2014
Philippines Bureau of Customs (BoC) will publish a monthly list of almost every importation, including of rice, into the country to help improve transparency and accountability of agency's operations, according to the BoC's new commissioner John P. Sevilla.Leaders in the Philippines have alleged that some officials in the BoC are
abetting illegal rice imports into the country. The BoC claims that court injunctions and other strategies by mastermind David Tan prevent action against rice smuggling into the Philippines which costs the government millions of dollars in loss of revenue. However, local leaders say that these are just excuses used by the Customs to divert public attention from rice smuggling in to the country and David Tan is a fictitious character used as a ruse, according to local sources.The new BoC chief says that the agency is well-informed about the involvement of one "Mr.T or David Tan in the smuggling activities, but is unaware of his real identity.
Tags: Philippines rice imports, bureau of customs (BoC)
Thailand Agriculture Bank Rejects Use of Liquidity Surplus to Pay Rice Farmers
Jan 09, 2014
The Bank of Agriculture and Agricultural Cooperatives (BAAC) board has rejected a proposal by the caretaker Finance Minister that the government could use the banks surplus liquidity to pay rice farmers if needed.According to local sources, the BAACs surplus liquidity stands at around 180 billion baht (about $5.4 billion) which is more than double the norms. The BAAC deputy director had earlier said that the bank could offer 55 billion baht (about $1.6 billion) to fund the rice mortgage program. However, he said after the board meeting this week that it could be unlawful in the absence of a cabinet resolution. The board says that savings of bank customers should not be used to fund the rice mortgage program. The BAAC board decision has the support of the banks Labor Union which has threatened legal action against the bank if it allowed liquidity surplus to finance the rice mortgage program. The Union says that such a move could cause panic among customers of the bank and lead to bankruptcy.Thailand's Election Commission (EC) allowed the caretaker government to continue selling rice stocks. The caretaker commerce minister says the decision will allow the government to resume talks with the Chinese state-owned food conglomerate China National Cereals, Oils and Foodstuffs Corporation, which earlier was interested to buy one million tons of rice. Apart from this, the government has agreed to sell 1.2 million tons of 5% white rice to a Chinese state enterprise in Harbin. The minister also said that local private traders are interested to buy 500,000 tons of rice as well.However, the government is under pressure to fnd the rice mortgage program 2013-14. This week, the Finance minister of the caretaker government promised to clear delayed payments to farmers by January 15, 2014 following brief farmer protests. The government is issuing bonds in the debt market to raise funds worth around 75 billion baht (about $2.27 billion) to run the 2013-14 rice mortgage program (October September), but has raised only about half of amount so far.
Tags: Thailand rice mortgage program, Bank of Agriculture and Agricultural Cooperatives (BAAC)
Oryza Quick Glance at MDA Rice Crop Weather Update

Jan 09, 2014
Oryza shares some of MDAs latest rice crop weather updates: Rainfall may occur in parts of western South China this week. Snowfall is likely in central and northern Japan this week. Dry weather will favor rice harvest in Thailand and Vietnam this week; moisture supplies remain adequate for off- season crop in the two countries. Continued rainfall may disrupt second rice crop harvest in southeastern Philippines this week. Rainfall may disrupt harvest of second season rice crop in Java of Indonesia this week. Dry weather is expected to favor harvest in most parts of India this week. Rainfall could favor rice crop in northern Bangladesh this week. Weather is expected to remain dry in Pakistan this week. Some rainfall is expected in southern Nigeria this week. Rainfall will favor rice crop in south central and northwestern areas of Brazil this week. Rainfall will favor northern areas of Argentina and Uruguay this week. Rainfall is likely in the Delta region of the U.S. this week. For more complete weather information, contact: www.mdaus.com.
Tags: Weekly weather report for rice pdf: MDA Weather.pdf
Oryza Overnight Recap Chicago Rough Rice Futures Seen Lower Overnight on Weak Volume
Jan 09, 2014
Chicago rough rice futures for March delivery are currently paused 6 cents per cwt (about $1 per ton) lower at $15.485 per cwt (about $341 per ton) as of 8:00am Chicago time. The other grains are seen mixed this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.3% higher, wheat was paused at unchanged, and corn is noted about 0.5% lower.U.S. stock index futures pointed to a higher open on Thursday, after jobless claims came in just under expectations, with the data coming a day before Friday's all-important non-farm payrolls. Last week's claims came in at 330,000, just below the expectations of 340,000. Initial claims follow Wednesday's ADP private sector jobs data, which came in stronger than expected -- leading some economists to boost their expectations for Friday's non-farm payrolls. The Treasury will sell $13 billion of 30-
year bonds on Thursday, while the Federal Reserve will purchase $0.6-0.9 billion of 10-17-year Treasury notes. U.S. stock index futures are currently trading about 0.2% higher, gold is currently trading about 0.1% higher, crude oil is seen trading about 0.3% higher, and the U.S. dollar is currently trading about 0.1% higher at 8:00am Chicago time.
Tags: chicago rough rice futures
Sri Lanka Rice Farmers to Hike Prices in March 2014

Jan 09, 2014
Sri Lanka rice farmers are planning to increase paddy prices in March - April 2014 due to lower supplies and unavailability of quality fertilizers in the last few months.Farmers say that fertilizer prices have increased due to partial withdrawal of government subsidies, which is leading farmers to use less fertilizers and low quality fertilizers. Farmers say that rice yield is likely to drop this year and overall production in 2013-14 could drop by up to 25%.Farmers also accused the government of failing to keep its electoral promise of providing subsidized fertilizers. However, the agriculture minister says that the government plans to provide organic fertilizers instead of chemical fertilizers as a part of government policy and the switch is unlikely to result in lower yields.According to the USDA, Sri Lanka's milled rice production is forecast to reach around 3.05 million tons in MY 2013-14, up about 14% from around 2.67 million tons in MY 2012-2013. Sri Lankas rice exports are expected to remain at 20,000 tons in MY 2013-14.
Tags: Sri Lanka rice prices
Thailand, India Rice Sellers Increase Some of Their Quotes; Vietnam Rice Sellers Lower Some of Their Quotes
Jan 09, 2014
Thailand rice sellers increased their quotes for parboiled rice by about $5 per ton to about $450 - $460 per ton today. Vietnam rice sellers lowered their quotes for 25% broken rice and Jasmine rice by about $5 per ton each to about $380 - $390 per ton and $600 - $610 per ton respectively. India rice sellers increased their quotes for parboiled rice by about $5 per ton to about $390 - $400 per ton. Pakistan rice sellers kept their quotes unchanged. 5% Broken Rice Thai 5% rice (of new crop) is quoted around $415 - $425 per ton, about a $10 per ton premium over Viet 5% rice shown around $405 - $415 per ton. Thai 5% rice of the old crop is shown around $370 - $380 per ton. Indian 5% rice is quoted around $400 - $410 per ton, about a $15 per ton premium over Pak 5% rice quoted around $385 - $395 per ton.
25% Broken Rice Thai 25% rice (of new crop) is quoted about $375 - $385 per ton, about a $5 per ton discount to Viet 25% rice shown around $380 - $390 per ton, down about $5 per ton from yesterday. Thai 25% rice of the old crop is shown around $345 - $355 per ton. Indian 25% rice was last quoted about $370 - $380 per ton, about a $25 per ton premium over Pak 25% rice quoted around $345 - $355 per ton. Parboiled Rice Thai parboiled rice of the old crop is quoted around $450 - $460 per ton, up about $5 per ton from yesterday. Indian parboiled rice is quoted around $390 - $400 per ton, up about $5 per ton from yesterday and about a $30 per ton discount to Pak parboiled rice quoted around $420 - $430 per ton. 100% Broken Rice Thai broken rice, A1 Super, of the old crop is quoted around $300 - $310 per ton, about a $65 per ton discount to Viet broken rice shown around $365 - $375 per ton. Indian broken sortexed rice is quoted about $290 - $300 per ton, about a $25 per ton discount to Pak broken sortexed rice quoted around $315 - $325 per ton.
Tags: Asia rice quotes, India rice quotes, Pakistan rice quotes, Vietnam rice quotes, Thailand rice quotes
Oryza Quick Glance at World News

Jan 09, 2014
Financial Times *Bank of England watchers are convinced that the Monetary Policy Committee will take a good look at buoyant labor market, credit, and housing data at this months meeting and then look rapidly the other way. *U.S. inflation expectations have jumped to their highest since May, with central banks and investors seeking insurance against the prospect that a recovering American economy will stoke price pressures. Inflation expectations, as measured by the difference between yields on 10-year nominal Treasury notes and Treasury inflation protected securities (Tips), have risen to 2.28% from a low of around 2.10% a month ago. *China has offered to invest in Britains railways for the first time by financing and building links to a new Birmingham station on the high-speed HS2 network, highlighting Beijings growing interest in investing in U.K. infrastructure. *Israeli and U.S. officials say they expect a framework providing the basis for talks toward a final-status agreement on a Palestinian state to be agreed within weeks. The negotiations have an end of April deadline. *Chinese consumer price index fell to 2.5% from 3.0% in November. It was a seven-month low, bucking the usual pattern of higher year-end inflation. *Malaysian industrial production climbed 4.4% from a year ago in November, beating estimates at 2.9% as well as the prior month's reading of 1.7%, Malaysia's statistics department said. *The U.S. Federal Reserve plans to proceed cautiously in slowing down asset purchases in an effort to calm market fears over the decision to taper its third round of quantitative easing. The Feds intentions were revealed in the minutes of its December meeting, published on Wednesday. *U.S. energy secretary Ernest Moniz will not travel to India as planned next week, an energy department official said on Wednesday, the most serious repercussion yet in a dispute over the arrest of an Indian diplomat in New York.
Wall Street Journal*Talks between South Sudan's clashing factions faltered on Wednesday, after the government rejected calls to release political prisoners, dashing hopes for a deal to end more than three weeks of fighting in the world's newest nation. *Draft plans for a EU military mission in the Central African Republic envisage the deployment of hundreds of ground troops to buttress African and French forces struggling to prevent a bloodbath there, according to diplomats briefed on the proposal. *Japanese health regulators took the highly unusual step of calling for a criminal investigation of Novartis AG, alleging the Japan unit of the Swiss pharmaceutical giant misled consumers about the benefits of its most popular medicine, through advertisements that used altered research. *A Canadian died from the H5N1 strain of avian flu, officials said, in the first fatality in North America from a virus that has been infecting people off and on for more than a decade. *Thailand's political stalemate is leading some foreign companies to shelve expansion plans and economists to warn of capital outflows in one of Southeast Asia's hottest investment destinations. *The Libyan government and a rebel group stepped up rhetoric Wednesday as Tripoli responded to a vow by dissidents to sell oil with a threat to sink their cargoes. The exchange, which comes after Libya shot at a tanker it said was illegally entering its waters, raises concerns about whether the chaos that has more than halved oil production in the North African nation and rattled oil markets could get worse. *J.P. Morgan Chase & Co. has hired IMF official Anoop Singh for a new role as head of regulatory strategy in Asia. The appointment comes as the bank's hiring practices in the region are being investigated. *India tightened the screws on the Americans in New Delhi amid a festering dispute over the arrest of an Indian diplomat in New York last month. The Indian government told the U.S. to shut down its club for American expatriates to non-diplomats and close shops in its embassy compound by January 16, an Indian government official familiar with the matter said Wednesday. New York Times*A category three cyclone bearing down on the South Pacific island nation of Tonga with destructive winds is expected to make landfall in as little as 18 hours, Tonga Meteorological Services said on Thursday. *North Korea has rejected South Korea's proposal to resume reunions of families separated by the Korean War. The reunion program remains stalled amid tension between the rival Koreas since it was last held in late 2010. The Koreas had planned to resume the program last September before Pyongyang abruptly scuttled it. *A group of Sri Lankan government supporters have protested against the visit of a U.S. diplomat to discuss issues of war crimes from the country's quarter-century civil war that ended nearly five years ago. *France reduced its trade deficit to about 60 billion euros ($81.60 billion) last year from 67 billion euros in 2012, Trade Minister Nicole Bricq said on Thursday. *Authorities and news reports say an explosion at a chemical factory in central Japan has killed at least five people and injured more than 10 others. Police say the explosion occurred at Japanese metal and chemical company Mitsubishi Materials Corp.'s Yokkaichi plant Thursday afternoon during maintenance. *The Chinese ambassador to the U.N., Liu Jieyi, on Wednesday criticized the Japanese prime ministers recent visit to a controversial shrine as an affront to international justice.
Tags: World news
Oryza Global Rice Quotes

January 9th, 2014 Long grain white rice - high quality Thailand 100% B grade 425-435 Vietnam 5% broken 405-415 India 5% broken 400-410 Pakistan 5% broken 385-395 Cambodia 5% broken 460-470 U.S. 4% broken 585-595 Uruguay 5% broken 625-635 Argentina 5% broken 625-635 Long grain white rice - low quality Thailand 25% broken 375-385 Vietnam 25% broken 380-390 Pakistan 25% broken 345-355 Cambodia 25% broken 430-440 India 25% broken 370-380 U.S. 15% broken 565-575
Long grain parboiled rice Thailand parboiled 100% stxd 450-460 Pakistan parboiled 5% broken stxd 420-430 India parboiled 5% broken stxd 390-400 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% 955-965 Vietnam Jasmine 600-610 India basmati 2% broken 1515 -1525 Pakistan basmati 2% broken NQ Cambodia Phka Malis 900-910
Brokens Thailand A1 Super 300-310 Vietnam 100% broken 365-375 Pakistan 100% broken stxd 315-325 Cambodia A1 Super 380-390 India 100% Broken stxd 290-300 Egypt medium grain brokens NQ U.S. pet food 470-480 Brazil half grain 345-355 Medium grain milled U.S. Calrose 4% broken 620-630 Egypt medium grain 6% NQ
All prices USD per ton, FOB vessel, oryza.com Contents are published with permission of ORYZA
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10th January, 2014 Daily ORYZA Rice E-Newsletter by Riceplus Magazine

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10th January, 2014

Chinese COLOR SORTER as low as

Be the part of Rice plus authors Visit: www.ricepluss.com,www.publishpk.net mujahid.riceplus@gmail.com riceplus@irp.edu.pk

TOP Contents - Tailored for YOU Latest News Headlines

Oryza Rice Currency Analysis for Today Currencies Little Changed

Thailand Government to Sell 150,000 tons of Rice Via Futures Exchange

Thailand Exports 5.9 Million Tons of Rice in January November 2013

Philippines Customs to Publish Rice Import Data Every Month

Oryza Quick Glance at MDA Rice Crop Weather Update

Tags: Weekly weather report for rice pdf: MDA Weather.pdf

Sri Lanka Rice Farmers to Hike Prices in March 2014

Oryza Quick Glance at World News

Oryza Global Rice Quotes

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