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Daily
December 31, 2014

Exclusive ORYZA E-Newsletter

DAILYCompiled
EXCLUSIVE
ORYZA E-NEWSLETTER
& Edited by Riceplus Magazine

December 31, 2014

Vol 4 Issue XII

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December 31, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

News Headlines
India Average Wholesale Rice
Prices Decline in December 2014
Amid Increasing Supplies
Oryza Overnight Recap Chicago
Rough Rice Futures Continue
Lower as Market Fails to Find
Buying Interest
Long-Term Development Plan
Imperative for Thailand Rice
Sector
Brazil Paddy Rice Index Slightly
Up from Last Week
Oryza U.S. Rough Rice Recap
Prices Fall With Futures Market
Amid Limited Holiday Trade
Pakistan Rice Quotes Up Today;
Other Asia Rice Quotes Unchanged
Global Rice Quotes

News Detail

India Average Wholesale Rice Prices Decline

in December 2014 Amid Increasing Supplies
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December 31, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Dec 30, 2014

India average wholesale rice prices have declined in December 2014 for the second consecutive
month amid increasing supplies from the ongoing harvests of the kharif main rice crop (June December), according to local sources.Average monthly wholesale rice prices in India declined
to around Rs.2,730 per quintal in December 2014, down about 1.8% from around Rs.2,779 per
quintal in November 2014, and down about 7% from around Rs.2,941 per quintal in December
2013.In terms of USD per ton, wholesale rice prices in India stand at around $427 per ton (using
current exchange rates) in December 2014, down about 5% from around $448 per ton (using
historical exchange rates) in November 2014, and down about 10% from around $476 per ton
(using historical exchange rates) in December 2013.
The average wholesale rice price in January - December 2014 stands at around Rs.2,869 per
quintal, up about 6% from around Rs.2,710 per quintal during the same period in 2013. In USD
per ton terms, the average wholesale price in January - December 2014 stood at around $470 per
ton (using historical exchange rates), up about 1.7% from around $462 per ton during the same
period in 2013.
Average wholesale rice prices increased sharply between July and August 2014 due to delayed
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DAILY EXCLUSIVE ORYZA E-NEWSLETTER

monsoons and fears of lower production in 2014-15 crop year (October 2014 - September 2015)
The Indian government has estimated 2014-15 kharif rice production at around 88.02 million
tons, down about 4% from around 91.69 million tons produced during the same time in 2013-14,
according to a statement from the Agriculture Ministry.USDA estimates India's 2014-15
(October - September) production at around 102 million tons, down about 4% from an estimated
106.29 million tons in 2013-14. It estimates Indias rice exports to decline about 16% y/y to
around 8.7 million tons in MY 2014-15.

Oryza Overnight Recap Chicago Rough

Rice Futures Continue Lower as Market
Fails to Find Buying Interest
Dec 30, 2014

Chicago rough rice futures for Jan delivery are currently trading 8 cents per cwt (about $2 per
ton) lower at $11.740 per cwt (about $259 per ton) during early morning floor trading in
Chicago. The other grains are seen trading mostly lower: soybeans are currently seen about 0.1%
higher, wheat is listed about 1.3% lower and corn is noted about 1.1% lower. U.S. stocks traded
lower on Tuesday, weighed in the absence of other news by continued concern over Greece's
failure to elect a president on Monday. Stocks held to a narrow trading range in light volume
trade on Monday, closing the day with the S&P and Russell 2000 at records and the Dow Jones
Industrial Average ending its 8-day win streak.
The December reading of the Conference Board's consumer confidence index came in slightly
lower-than-expected at 92.6. The Dow Jones Industrial Average traded down 38 points, or
0.21%, to 18,000. The S&P 500 traded down 5.7 points, or 0.27%, at 2,084, with utilities leading
declines in all 10 sectors. On Monday, the utilities sector had led the S&P 500 to its 53rd record
close for the year. The Nasdaq traded down 18 points, or 0.39%, at 4,788. The Russell 2000 also
traded lower, after closing at a record on Monday. Gold is currently trading about 2% higher,
crude oil is seen trading about 0.9% higher, and the U.S. dollar is currently trading about 0.4%
lower at 10:00am Chicago time.

Long-Term Development Plan Imperative for

Thailand Rice Sector
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December 31, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Dec 30, 2014

The recent government intervention schemes in

Thailand have proved to be short-term measures to
appease farmers and lacked focus on sustainable longterm measures to increase competitiveness of the sector,
said experts from the International Trade Studies Center
of the University of the Thai Chamber of Commerce
(ITSC-UTCC) and the Thailand Development Research
Institute (TDRI).According to local sources, the Director
of the ITSC-UTCC said sustainable long-term measures
are needed to encourage Thai rice farmers to focus on quality rice production while reducing
their cost of production and logistics. He noted that the government should facilitate the
development of the whole rice supply chain to ensure overall benefit for the sector.
According to a report by the ITSC-UTCC, Thailand's rice productivity as well as profit earned
by rice farmers are lowest among the other ASEAN rice producers such as Vietnam and
Myanmar.The President of TDRI noted that the rice-pledging scheme introduced by the previous
government cost the exchequer heftily to the extent of about 500 billion baht (around $15.6
billion) but failed to help farmers in the long-run.
The experts noted that the government has to help farmers grow in a sustainable way rather than
providing subsidies or money. They lauded the military government's "rice strategy", which is
aimed at improving production, marketing and quality of Thai rice with very less market
intervention, but expressed doubts over its proper implementation.The former President of the
Thai Rice Millers Association (TRMA) suggested that the government, academia, farmers and
traders should work closely to develop the rice industry. He noted that the government needs to
invest nearly 20 billion baht (around $606 million) annually in rice research to increase yields
and competitiveness of Thai rice in the world market. He added that the government should
expand irrigated land that is devoted to rice growing.The President of the Thai Rice Farmers
Association (TRFA) also stressed the need for long-term development plans rather that shortterm handouts.

Brazil Paddy Rice Index Slightly Up from

Last Week
Dec 30, 2014

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The Brazilian paddy rice index maintained by CEPEA reached around 38.11 real per 50
kilograms as of December 29, 2014, up about 0.24% from around 38.02 real per 50 kilograms
recorded on December 22, 2014.
In terms of USD per ton, the index reached around $285.7 per ton on December 29, 2014, down
about 0.2% from around $286.5 per ton recorded on December 22, 2014

Oryza U.S. Rough Rice Recap Prices Fall

With Futures Market Amid Limited Holiday
Trade
Dec 30, 2014

The U.S. cash market was weaker yet again today falling in sympathy with the futures market
however there is still little to no trading to report.The market is still in holiday mode and things
will not likely pick up until people get back to work on Monday however analysts do not expect
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December 31, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

a spike in farmers to be falling over themselves to sell at these levels

Pakistan Rice Quotes Up Today; Other Asia

Rice Quotes Unchanged
Dec 30, 2014

Pakistan rice sellers increased their quotes for 5% broken rice and 100% broken rice by about $5
per ton each to around $380 - $390 per ton and around $305 - $315 per ton, respectively. Other
Asia rice sellers kept their quotes unchanged today.
5% Broken Rice
Thailand 5% rice is quoted at around $405 - $415 per ton, about $25 per ton premium on
Vietnam 5% rice shown at around $380 - $390 per ton. India 5% rice is quoted at around $385 $395 per ton, about $5 per ton premium on Pakistan 5% rice quoted at around $380 - $390 per
ton, up about $5 per ton from yesterday.
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 $15
per ton premium on Pakistan 25% rice quoted at around $335 - $345 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 $30 per ton discount to Pakistan parboiled rice quoted at
around $405 - $415 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 $10 per ton discount to Pakistan broken sortexed rice quoted
at around $305 - $315 per ton, up about $5 per ton from yesterday.

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December 31, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Global Rice Quotes

December 30th, 2014
Long grain white rice - high quality
Thailand 100% B grade 420-430

Vietnam 5% broken

380-390

India 5% broken

385-395

Pakistan 5% broken

380-390

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

335-345

Cambodia 25% broken 435-445

India 25% broken

350-360

U.S. 15% broken

495-505

Long grain parboiled rice

Thailand parboiled 100% stxd
Pakistan parboiled 5% broken stxd

405-415

405-415

India parboiled 5% broken stxd 375-385

U.S. parboiled 4% broken

580-590

Brazil parboiled 5% broken

570-580

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DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Uruguay parboiled 5% broken NQ

Long grain fragrant rice
Thailand Hommali 92%

895-905

Vietnam Jasmine

510-520

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

295-305

Egypt medium grain brokens

U.S. pet food

385-395

India 100% broken stxd

305-315

390-400

Brazil half grain

NQ

NQ

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

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Mujahid Ali
+ 92 321 3692 874
mujahid.riceplus@gmail.com
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