17th June (Wednesday), 2015 Daily Exclusive ORYZA E-Rice Newsletter by Riceplus Magazine

June 17 ,2015
Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |

www.ricepluss.com & www.riceplus.blogspot.com
For Blog & daily Newsletter advertisement contact:

mujahid.riceplus@gmail.com
Philippines Considers New Technology to

Analyze Nutrients in Rice Plants
Jun 16, 2015
Researchers from the Philippine Rice Research institute (PhilRice) is exploring new technology
called visible-near-infrared (Vis-NIR) Spectroscopy to estimate content of nitrogen in the leaves
of some Philippine irrigated lowland rice varieties, according to a news release on the PhilRice
website.Vis-NIR spectroscopy can be useful in arriving at the exact amount of fertilizers needed
by rice plants. It can also be useful for knowing the exact timing for fertilizer application.
The technology is more popular in the U.S. and Australia and is used to analyze nutrients in
plants. It can also be used to analyze soil, chemical and grain quality. It is known to analyze data
2


in less than a minute.The lead researcher of the project noted that though there are various tools,
such as the Soil Test Kit and Leaf Color Chart, in the country to guide farmers with application
rates of fertilizers and minimize environmental pollution, but the Vis-NIR spectroscopy helps in
determining the nutrient status from tissue analysis of the plants at different growth stages and
quantifies the nutrient demand and correspondingly helps in applying the needed fertilizers at
appropriate time.However, the PhilRice official noted that the initial costs associated with the
technology are high as they need to be imported. Currently such instruments, which can be used
for commercial purposes, cost about P4-5 million (around $88,506 - $110,633) in the
Philippines.If manufactured locally, such instruments can be got at about P100,000 to 150,000
(around $2,212 - $3,319), says the official.
Philippines Approves Up to 805,200 Tons of

Rice Imports through Private Traders;
Rejects Bids for 100,000 Tons
Jun 16, 2015
The National Food Authority (NFA) of the Philippines has approved private traders to import up
to 805,200 tons of 25% well-milled rice under the WTO minimum access volume (MAV) to
3


maintain buffer stocks and avoid potential price spikes amid fears of an impending El Nino
weather pattern, according to a statement on the NFA website.Private importers can apply to the
NFA for import permits from next month, Reuters quoted the spokesman of the NFA. Rice
shipments are expected to arrive before November 30, 2015.
As per the WTO guidelines, about 293,100 tons of rice can be imported each from Thailand and
Vietnam; about 50,000 tons can be imported each from India, Pakistan and China; and 15,000
tons can be imported from El Salvador and the remaining 54,000 tons from other countries.
Import tariffs on the rice shipments are pegged at 35%.Meanwhile, the NFA has rejected bids by
Vietnam, Thailand and Cambodia for 100,000 tons of rice today as all the three bidders offered
prices higher than the government's reference price of $408.14 per ton, according to Reuters.
The 100,000 tons are part of June 5 tender in which the NFA invited bids for 250,000 tons from
Vietnam, Thailand and Cambodia but purchased only 150,000 tons from Vietnam. While
Thailand offered to sell 100,000 tons at $418 per ton, Vietnam and Cambodia offered $417 per
ton and $464 per ton respectively.The NFA reportedly asked all the three governments to submit
revised bids by 07.00 GMT today.The NFA bought 650,000 tons of rice (450,000 tons from
Vietnam and 200,000 tons from Thailand) so far this year. It is authorized to import another
250,000 tons in case El Nino weather pattern intensifies.However, the NFA Deputy
Administrator told reporters that the government will assess next month the impact of El Nino on
rice production and decide on the additional imports.
Weather forecasters are expecting El Nino pattern to intensify in the latter part of the year
significantly impacting the rice and other crops production. The Philippines Statistics Authority
(PSA) also estimated Philippines's 2015 second quarter (April - June) production to decline by
about 4.3% to around 3.898 million tons from last year's 4.073 million tons due to a decline in
harvest area prompted by dry spell and insufficient water supply as well as incidence of pests and
diseases in some rice growing areas.Both FAO and USDA are estimating the Philippines to
import 1.7 million tons of rice in 2015.
China Seeks to Enhance Grain Storage

Capacity to 95% of Output by 2020
Jun 16, 2015


The government of China is planning to enhance its grain storage capacity to about 95% of the
total grain output by 2020 in order to ensure grain supply and safety, according to Bloomberg.By
the end of 2015, the government is seeking to add 50 million tons of grain storage capacity to the
existing capacity. Currently, China has storage facilities that can hold about 106 million tons of
grains compared to the total annual out of around 607 million tons.
The current warehouses were built in 1980 and are in a deteriorating condition. Therefore the
government is planning to upgrade these warehouses by the end of 2017.The government has
recognized the need to improve its ability to respond to emergencies, monitor its food quality,
safety, reduce waste and set up efficient grain information system.


Conab Estimates Brazil 2014-15 Paddy Rice

Production to Increase 2% y/y to 12.399
Million Tons
Jun 16, 2015
Brazils National Grains Supply Company (Conab) has forecasted the country's 2014-15 paddy
rice production at around 12.544 million tons (around 8.53 million tons, basis milled), up about
3.5% from around 12.121 million tons (around 8.24 million tons, basis milled) in 2013-14, and
slightly up from its May forecast of around 12.399 million tons.Conab has estimated Brazil's
2014-15 paddy rice acreage at around 2.312 million hectares, down about 2.6% from around
2.373 million hectares in 2013-14. Paddy rice acreage in the key rice growing Centro-Sul
(Center-South) region is projected at 1.548 million hectares in 2014-15, down about 1% from
around 1.565 million hectares in 2013-14. Rice acreage in the North/Northeast regions is
estimated at around 763,800 hectares, down 6% from around 808,400 hectares in 2013-14.
6


Average rice yield in Brazil in 2014-15 is projected at around 5.425 tons per hectare, up about
6% from around 5.108 tons per hectare recorded in the previous year.USDA estimates Brazil
MY 2015-16 (April March) paddy rice production at around 11.765 million tons (around 8
million tons, basis milled), down about 5% from an estimated 12.397 million tons (around 8.43
million tons, basis milled) in MY 2014-15. It estimates Brazils 2015-16 paddy rice acreage
decline slightly to around 2.3 million hectares. USDA estimates Brazil to export around one
million tons of rice and import around 550,000 tons of rice in 2015.
Brazil Paddy Rice Index Increases About 2%

from Last Week
Jun 16, 2015
The Brazilian paddy rice index maintained by CEPEA reached around 33.71 real per 50
kilograms as of June 15, 2015, up about 1.6% from around 33.18 real per 50 kilograms recorded


on June 8, 2015.In terms of USD per ton, the index reached around $217 per ton on June 15,
2015, up about 2% from around $213 per ton recorded on June 8, 2015.
Global Rice Quotes

June 17th, 2015
Long grain white rice - high quality
Thailand 100% B grade
365-375
Vietnam 5% broken 345-355
India 5% broken
365-375
Pakistan 5% broken 380-390
Myanmar 5% broken 415-425
Cambodia 5% broken 430-440
U.S. 4% broken
465-475
Uruguay 5% broken 565-575
Argentina 5% broken 555-565
Long grain white rice - low quality

Thailand 25% broken 340-350
Vietnam 25% broken 330-340
Pakistan 25% broken 335-345
Cambodia 25% broken

410-420
India 25% broken
350-360
U.S. 15% broken

455-465
Long grain parboiled rice

Thailand parboiled 100% stxd
360-370
Pakistan parboiled 5% broken stxd 400-410
India parboiled 5% broken stxd
355-365
U.S. parboiled 4% broken
555-565
Brazil parboiled 5% broken 570-580
Uruguay parboiled 5% broken

NQ
Long grain fragrant rice

Thailand Hommali 92%
840-850
Vietnam Jasmine
475-485
India basmati 2% broken

NQ
Pakistan basmati 2% broken NQ
Cambodia Phka Mails

820-830
8


Brokens
Thailand A1 Super 315-325
Vietnam 100% broken

310-320
Pakistan 100% broken stxd 295-305
Cambodia A1 Super 350-360
India 100% broken stxd

280-290
Egypt medium grain brokens NQ
U.S. pet food 365-375
Brazil half grain

NQ
All prices USD per ton, FOB vessel, oryza.com
Government of India May Increase 2015-16

Paddy MSP This Week
Jun 16, 2015
The Cabinet Committee on Economic Affairs (CCEA) may approve a proposal to raise the
minimum support price (MSP) of paddy for the 2015-16 kharif marketing season, according to
local sources.The CCEA is scheduled to meet on June 17 and the proposal on MSP of kharif
crops, including rice, is listed on the agenda for discussion, the Agriculture Secretary was quoted
as saying.
9


Based on the recommendations by the Commission for Agricultural Costs and Prices (CACP),
the body that advises the government on the pricing policy for major farm products, the
Agriculture Ministry is reportedly considering to increase the MSP of kharif crops.In April this
year, the CACP has advised the government of India to increase the minimum support price
(MSP) for common grade paddy by about 3.6% or about Rs.50 per quintal (about $8 per ton) for
the 2015-16 (July - June) crop season, according to local sources.Currently, the MSP for paddy is
Rs.1,360 per quintal (around $218 per ton) for common grade paddy and Rs. 1,400 per quintal
(around $224 per ton) for Grade-A paddy.
Iraq Seeks to Purchase 30,000 Tons of Rice in

International Tenders
Jun 16, 2015
Iraq has invited international tenders to purchase about 30,000 tons of rice from the U.S.,
Uruguay, Argentina, Brazil and India, Bloomberg quoted a statement from the Iraq's Trade
Ministry.Last date for submitting bids is June 28, 2015 and offers remain valid till July 2, 2015.
Indonesia Aims to Procure 2 Million Tons of

Rice from Local Farmers During Dry Season
Jun 16, 2015
The government of Indonesia aims to procure 2 million tons of rice from local farmers during the
dry season (June - mid-December), Bloomberg quoted the Secretary General at Agriculture
Ministry.The government directed the state logistics agency to procure the said amount of rice
over the next two months, according to the official. He told reporters that the government has
identified regions that are prone to suffer drought conditions during the dry season. However, the
government is expecting a normal dry season despite fears of an impending El Nino.
The Ministry official expressed confidence that the country would have sufficient or surplus
stocks during the months of October - December if production in dry season is normal.The
President of the state logistics agency Bulog noted that the agency has 1.4 million tons of rice
inventories currently. The government has ruled out immediate import of rice given sufficient
10


stocks. It is likely to take a decision on rice imports after the Ramzan festive season in July.The
government had lowered the rice procurement target to 2.75 million tons in the beginning of this
month from the initially set 3.2 million tons due to slow pace of procurement. The procurement
had been slow despite an increase in the government purchase price (Harga pokok penjualan,
HPP) by about 10% to around Rp7,260 per kilogram (around $577 per ton) from the existing
Rp6,600 per kilogram (around $524 per ton).USDA estimates Indonesia to produce around 36.3
million tons of rice, basis milled (around 57.17 million tons, basis paddy), and import around
1.25 million tons of rice in MY 2014-15 (October - September).
Oryza Afternoon Recap - Chicago Rough

Rice Futures Continue to Edge Higher but
Market Lacks Fundamental Support
Jun 16, 2015
11


Chicago rough rice futures for Jul delivery settled 2.5 cents per cwt (about $1 per ton) higher at
$9.800 per cwt (about $216 per ton). The other grains rallied for the most part with wheat the
only product to close in the red; Soybeans closed about 2.1% higher at $9.5750 per bushel; wheat
finished about 0.1% lower at $4.8875 per bushel, and corn finished the day about 1.7% higher at
$3.5400 per bushel.U.S. stocks traded higher on Tuesday as the Federal Reserve began its twoday meeting and investors attempted to shake off worries about the Greece debt talks. The
Federal Open Market Committee kicked off its meeting on Tuesday. The real news of interest on
monetary policy won't come until Wednesday afternoon, when the Fed releases its statement and
Yellen holds a press conference. Consensus is for a rate hike in September.
The Dow Jones industrial average gained more than 100 points as European stocks also
recovered from early losses to close mostly higher. Concerns about Greece abated slightly after
weighing heavily on stocks on Monday and index futures Tuesday morning. The major averages
shook off mild declines to attempt gains in morning trade, with the Dow Jones industrial average
recovering to trade in the black for the year after closing in negative territory on Monday. The
Greek jitters weighed globally, with Asian shares closing broadly in the red. European stocks
recovered to close mostly higher while the Greek ATHEX Composite ended more than 4.5%
lower. The Dow Jones Industrial Average traded up 104 points, or 0.60%, at 17,895. The S&P
500 traded 11 points, or 0.51%, at 2,094, with consumer staples leading nine sectors higher and
industrials the only decliner. The Nasdaq traded up 26 points, or 0.51%, at 5,055. Gold is trading
about 0.4% lower`
, crude oil is seen trading about 0.7% lower, and the U.S. dollar is seen
trading about 0.2% lower at about 2:00pm Chicago time.Monday, there were 1,825 contracts
traded, up from 979 contracts traded on Friday. Open interest the number of contracts
outstanding on Monday decreased by 556 contracts to 11,132.
Oryza Overnight Recap Chicago Rough

Rice Futures See Follow-through Buying
Following Yesterdays Afternoon Rally
Jun 16, 2015
Chicago rough rice futures for Jul delivery are currently seen trading 7.5 cent per cwt (about $2
per ton) higher at $9.850 per cwt (about $217 per ton) during early floor trading in Chicago. The
other grains are seen trading higher; soybeans are currently seen trading about 0.3% higher,
wheat is listed about 0.3% higher and corn is currently noted about 0.1% higher.U.S. stocks
12


traded mildly higher on Tuesday as investors attempted to shake off concerns about lack of
resolution in Greece debt talks amid the Federal Reserve's two-day meeting.
The major averages shook off mild declines to attempt slight gains in morning trade, with the
Dow Jones industrial average recovering gains for the year. Greek Prime Minister Alexis
Tsipras on Monday blamed creditors for the collapse of talks on unlocking aid for reforms at the
weekend. The impasse has raised concerns that Athens is heading for a debt default that could
end with it leaving the euro zone. A spokesman said Athens has submitted proposals and is
waiting for a response from lenders, Reuters said. Euro zone finance ministers are next due to
discuss the Greek crisis on Thursdaywhen Tsipras has a planned visit to Russia. The Federal
Open Market Committee begins its highly-anticipated meeting on Tuesday.
The real news of interest on monetary policy won't come until Wednesday afternoon, when the
Fed releases its statement and Chair Janet Yellen holds a press conference. Consensus is for a
rate hike in September. U.S. stocks closed lower on Monday as concerns about Greece's future
took a toll ahead of the highly-anticipated Fed meeting. The Dow Jones Industrial Average
traded 53 points higher, or 0.32%, at 17,848. The S&P 500 gained 6 points, or 0.27%, at 2,090,
with consumer staples leading nine sectors higher and utilities the only laggard. The Nasdaq
traded up 12 points, or 0.23%, at 5,041. Gold is currently trading about 0.7% lower, crude oil is
seen trading about 0.6% higher, and the U.S. dollar is currently trading about 0.2% higher
at 9:00am Chicago time.
Thailand's Third Rice Auction Receives Less

Interest than First Two
Jun 16, 2015
Thailand's third auction for around 1.06 million tons of rice

this year has attracted less response compared to the first two,
according to local sources.While the first auction had 96
bidders, the second had 45 bidders, according to the
Commerce Ministry's Foreign Trade Department.Forty three
bidders were qualified to bid in todays auction, but only 40
bidders submitted their bids in the auction for 1.06 million
13


tons of rice. The remaining three bidders reportedly backed out from the auction as they were
doubtful of the quality of the grain offered for sale.The Thai government reportedly sold 840,000
tons of rice worth about 7.8 billion baht (around $232 million), according to Commerce Ministry
sources.
The Thai military government currently holds about 16 million tons of rice accumulated from the
rice pledging scheme introduced by the previous government. It had sold about 1.88 million tons
of rice from six auctions raising around 25.58 billion baht (around $785.2 million) since it seized
power in May 2014. It also reportedly sold one million tons of rice under government-togovernment contracts. It aims to sell about 10 million tons of stockpiled rice this year and about
7 million tons next year.
According to a stock-audit report released earlier this year, only about 2.35 million tons are of
standard quality, about 14.4 million tons are of sub-standard quality, around 694,000 tons of rice
are rotten and the remaining 390,000 tons of rice are missing. The Director-General of the
Department of Foreign Trade (DG-DFT) confirmed that only 2.6 million tons are fit for human
consumption. The government is considering to sell the remaining stocks to the industrial
sector.Separately, the farmers' associations are not happy with the government's call to delay
main wet season rice planting due to low rainfall and deteriorating water levels in reservoirs.
They are likely to defy the government's request and take chances.
Oryza U.S. Rough Rice Recap - Prices Seen

Sideways as IGB Announces New Tender
Jun 16, 2015
The U.S. cash market was unchanged again today despite news that the Iraqi Grain Board issued
another tender to buy at least 30,000 MT of long grain white rice which follows their last tender
in which no origin was awarded.The IGB is seeking to buy either U.S., Uruguayan, Argentine,
Brazilian, or Indian origin and offers need to be submitted no later than June 28 th and must
remain valid through July 2nd. Analysts note that if the U.S. is able to secure some of this
business it could turn the U.S. market around and cause buyers that are hand to mouth to change
their strategy and look for great coverage.
14



17th June (Wednesday), 2015 Daily Exclusive ORYZA E-Rice Newsletter by Riceplus Magazine

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17th June (Wednesday), 2015 Daily Exclusive ORYZA E-Rice Newsletter by Riceplus Magazine

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June 17 ,2015

Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |

For Blog & daily Newsletter advertisement contact:

Philippines Considers New Technology to

Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |

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Philippines Approves Up to 805,200 Tons of

Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |

For Blog & daily Newsletter advertisement contact:

China Seeks to Enhance Grain Storage

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Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |

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Conab Estimates Brazil 2014-15 Paddy Rice

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Brazil Paddy Rice Index Increases About 2%

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Global Rice Quotes

Pakistan 5% broken 380-390

Myanmar 5% broken 415-425

Cambodia 5% broken 430-440

Uruguay 5% broken 565-575

Argentina 5% broken 555-565

Long grain white rice - low quality

Vietnam 25% broken 330-340

Pakistan 25% broken 335-345

Cambodia 25% broken

U.S. 15% broken

Long grain parboiled rice

Brazil parboiled 5% broken 570-580

Uruguay parboiled 5% broken

Long grain fragrant rice

India basmati 2% broken

Pakistan basmati 2% broken NQ

Cambodia Phka Mails

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Vietnam 100% broken

Pakistan 100% broken stxd 295-305

Cambodia A1 Super 350-360

India 100% broken stxd

Egypt medium grain brokens NQ

U.S. pet food 365-375

Brazil half grain

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

Government of India May Increase 2015-16

Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |

For Blog & daily Newsletter advertisement contact:

Iraq Seeks to Purchase 30,000 Tons of Rice in

Indonesia Aims to Procure 2 Million Tons of

Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |

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Oryza Afternoon Recap - Chicago Rough

Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |

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Oryza Overnight Recap Chicago Rough

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Thailand's Third Rice Auction Receives Less

Thailand's third auction for around 1.06 million tons of rice