1st july 2015 daily exclusive oryza e rice newsletter by riceplus magazine

1 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |

www.ricepluss.com & www.riceplus.blogspot.com

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July 1 ,2015




Global Rice Quotes

June 30th, 2015

Long grain white rice - high quality

Thailand 100% B grade 375-385 ↔

Vietnam 5% broken 350-360 ↔

India 5% broken 385-395 ↔

Pakistan 5% broken 375-385 ↔

Myanmar 5% broken 415-425 ↔

Cambodia 5% broken NQ ↔

U.S. 4% broken 450-460 ↔

Uruguay 5% broken 565-575 ↔

Argentina 5% broken 555-565 ↔

Long grain white rice - low quality

Thailand 25% broken 345-355 ↔

Vietnam 25% broken 325-335 ↓

Pakistan 25% broken 335-345 ↔

Cambodia 25% broken NQ ↔

India 25% broken 350-360 ↔

U.S. 15% broken 440-450 ↔




Long grain parboiled rice

Thailand parboiled 100% stxd 370-380 ↑

Pakistan parboiled 5% broken stxd 395-405 ↔

India parboiled 5% broken stxd 360-370 ↔

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% 825-835 ↑

Vietnam Jasmine 475-485 ↔

India basmati 2% broken NQ ↔

Pakistan basmati 2% broken NQ ↔

Cambodia Phka Mails NQ ↔

Brokens

Thailand A1 Super 315-325 ↔

Vietnam 100% broken 310-320 ↔

Pakistan 100% broken stxd 290-300 ↔

Cambodia A1 Super NQ ↔

India 100% broken stxd 280-290 ↔

Egypt medium grain brokens NQ ↔

U.S. pet food 350-360 ↔




Brazil half grain NQ ↔

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

FERM and AIREA Launch New Crop

Protection App Appryza

Jun 30, 2015

The Federation of European Rice Millers (FERM), in close coordination with the All India Rice

Exporters Association (AIREA) have launched Appryza, a new web-based app

(www.appryza.com) aimed at supporting EU-India trade in rice.With rules on crop protection

products not aligned worldwide, meeting export market regulatory requirements can be

challenging. Appryza provides advice on which crop protection strategies to adopt to ensure safe,

sustainable Indian rice production for four major export markets: the EU, Iran, Saudi Arabia and

US. Its advice will be regularly updated to respond to any rule changes in these markets.

Regional agricultural universities will also be closely involved in the management of Appryza so

that the advice is tailored to the local needs of rice farmers.

Appryza exploits the widespread use of smart phones, says Henk Verschoor, who heads up the

Federation’s technical work: "Making use of modern technology, Appryza brings complex

regulatory information in a simple, user-friendly way to all of us in the rice chain, from Indian

farmers to EU importers. Within seconds, we can identify solutions for the global market."

Appryza is the first outcome of a new cross-industry dialogue involving Indian, Pakistani and

EU rice operators, initiated in London in October 2014, aimed at maintaining a rice supply that

meets global safety standards.Punjabi and Hindi versions of Appryza will shortly be available,

further facilitating the dissemination of information throughout the supply chain. An extension of

Appryza for Pakistan is currently under development.FERM Secretary General, Chris Downes

explains: "Given the complexity of today's rules, we believe we must work increasingly closely

with partners around the world to guarantee safe, high-quality rice. A global coordinated

approach to this issue by both the rice sector and the manufacturers of plant protection products

is now essential to the future trade of rice. Appryza is an important first step in meeting today's

challenges

http://www.appryza.com/




Iraq Passes On Tenders to Purchase At Least

30,000 Tons of Rice Due to High Prices

Jun 30, 2015

Iraq has passed on tenders to purchase at least 30,000 tons of rice in international tenders from

the U.S., Uruguay, Argentina, Brazil and India, Reuters quoted European traders. The tenders

closed on June 28, 2015 with offers having to remain valid till July 2, 2015.While India offered a

bid of $431.50 per ton (c&f basis), U.S. offered a bid of $589.5 (c&f), Brazil offered a bid of

$603 per ton (c&f), Uruguay offered a bid at $632 per ton (c&f) and Argentina offered a bid of

$620.5 per ton (c&f).

Iraq reportedly did not buy rice from any of the bidders due to high prices.Iraq also rejected all

offers an made no purchase in a tender on May 7, in which it sought to buy at least 30,000 tons.

Oryza Afternoon Recap - Chicago Rough

Rice Futures Rally on Support from Huge

Rally in Grains as Market Reacts to Crop

Progress and Stock Reports

Jun 30, 2015

Chicago rough rice futures for Sep delivery settled 37 cent per cwt (about $8 per ton) higher at

$10.455 per cwt (about $230 per ton). Rough rice futures reacted favorably to today’s crop

progress report. The grain markets overall were sharply higher as traders weighed the recent

impact of wet weather in key growing regions as well as expected demand as outlined in a

refreshed stocks report. Although all grains were sharply higher, logging over 5% gains each,

corn led the complex with a huge 7%+ gain on the session; Soybeans closed about 5.8% higher

at $10.3725 per bushel; wheat finished about 5.5% higher at $6.1575 per bushel, and corn

finished the day about 7.3% higher at $4.3150 per bushel.

U.S. stocks held mildly higher on Tuesday, attempting recovery from the worst trading day of

the year, as the deadline for Greece repayment to the IMF approached. Greece faces a 1.5 billion




euro ($1.7 billion) payment due to the International Monetary Fund at midnight CEST (6:00 p.m.

ET) Tuesday. A euro zone official said in a Reuters report that there's "no way" the Eurogroup

will release funds for Greece to meet the deadline tonight. The Dow and S&P both briefly turned

negative in midday trade amid reports that S&P downgraded four of Greece's banks to "selective

default." The indices struggled to hold slight gains.

Analysts also noted some positioning as Tuesday marks the end of the second quarter and first

half of the year. Stocks had their worst day for the year so far on Monday, with the Nasdaq

plunging 2.4%, the Dow Jones industrial average closing below its 200-day moving average and

the S&P 500 barely above its 200-day moving average. The major economic report expected for

the week is the nonfarm payrolls report on Thursday, which could shed light on the timing of a

rate hike. Markets are closed Friday for the July 4 holiday. The Dow Jones Industrial Average

traded up 61 points, or 0.35%, at 17,660. The index traded about 1% lower for the year. The S&P

500 traded up 9 points, or 0.45%, at 2,066, with materials leading eight sectors higher and

utilities the greatest laggard. The Nasdaq traded up 33 points, or 0.68%, at 4,991. Gold is trading

about 0.6% lower, crude oil is seen trading about 1.6% higher, and the U.S. dollar is seen trading

at about 0.7% higher at about 1:00pm Chicago time.Monday, there were 2,902 contracts traded,

up from 2,198 contracts traded on Friday. Open interest – the number of contracts outstanding –

on Monday decreased by 54 contracts to 9,657.

Nepali Rice Farmers Need Appropriate

Technologies to Boost Yields, Says Expert

Jun 30, 2015

A Nepal-based rice expert opines that in the light of declining arable land, changing climatic

conditions, low investment in rice research and increasing demand for rice in Nepal, there is a

need to boost rice yields by adopting appropriate technologies.In an article published in

www.ekantipur.com, he says though Nepal has released about 107 rice varieties in the last 50

years, little has been done to improve the rice productivity in the country. In this context, he

suggests few scientific methods to select healthy seeds as well as some modern farming methods

to increase rice yields.

First and foremost, he says careful seed selection is important for better productivity. Quoting a

research conducted by a Japanese scientist, he says seeds should be selected based on their

specific gravity. He states that healthy and uniform paddy seedlings can be obtained by sowing

http://www.ekantipur.com/




well-developed seeds with specific gravity of at least 1.13 for non-glutinous varieties, and at

least 1.10 for glutinous varieties. Apart from this, he says uniform spacing, uniform spreading of

fertilizers and perfectly levelled nursery beds are also vital for proper growth of seedlings.

Since some of the rice diseases like blast are seed-borne, he suggests that healthy seeds can be

selected by pouring rice seeds in a brine solution prepared be mixing 200 grams of common salt

in a litre of water. Healthy seeds settle at the bottom of the brine.The expert also suggests Nepali

farmers to adopt agronomic manipulation techniques like the System of Rice Intensification

(SRI), which involves a labour-intensive, low-water, organic method in which younger seedlings

are singly-spaced while being planted. He says use of Plant Growth Regulators (also known as

plant hormones) can boost yield if applied properly. Similarly use of fertilizers like nitrogen has

proved to increase yields significantly, he says.He warns that these proactive measures can

ensure food security in the country in the long term.The Agriculture Ministry estimates Paddy

production in 2014-15 to decline about 5.71% to around 4.78 million tons from around 5.04

million tons in 2013-14 due to a late monsoon and untimely rainfall.




Malaysia May Consider More Rice Imports

from Thailand Under Bilateral Trade

Agreement

Jun 30, 2015

Malaysia will increase rice imports from Thailand as part of the increased bilateral trade between

the two countries, according to local sources.The two nations agreed to increase the target of

annual bilateral trade to $30 billion from the current $25 billion by 2018 at the Thai-Malaysian

Joint Trade Committee (JTC) meeting held in Bangkok last weekend.As part of the agreement,

Malaysia will also consider Thailand's proposal of extending land transport facility, which would

expedite rice imports from Thailand.

Malaysia produces about 64% of rice needed for annual consumption of about 2.8 million tons

and imports about one million tons of rice annually. Thailand currently accounts for about 80%

to 90% of them.Thailand mainly exports rice, electronic equipment and automobile parts to

Malaysia and imports chemical products, crude oil and machinery from Malaysia




Oryza Overnight Recap – Chicago Rough

Rice Futures Higher Ahead of Crop

Conditions Report

Jun 30, 2015

Chicago rough rice futures for Sep delivery are currently seen trading 3 cent per cwt (about $1

per ton) higher at $10.115 per cwt (about $222 per ton) during early floor trading in

Chicago. The other grains are seen trading mixed this morning; soybeans are currently seen

trading about 0.4% lower, wheat is listed about 0.2% higher and corn is currently noted about

0.2% higher.U.S. stocks traded higher on Tuesday, attempting to bounce from the worst trading

day of the year, as investors turned more optimistic on the Greece crisis. The Dow Jones

industrial average traded about 60 points higher after initially adding more than 100 points in the

open. Tuesday marks the end of the second quarter and first half of the year.

Stocks had their worst day for the year so far on Monday, with the Nasdaq plunging 2.4%, the

Dow Jones industrial average closing below its 200-day moving average and the S&P 500 barely

above its average. European stocks came off their lows amid reports in the Greek media on

Tuesday that Prime Minister Alexis Tsipras is considering the latest aid proposals from the

European Union. The Dow Jones Industrial Average traded up 112 points, or 0.64%, at 17,706.

The S&P 500 traded up 15 points, or 0.74%, at 2,072, with energy leading all nine sectors higher

and utilities the only laggard. The Nasdaq traded up 37 points, or 0.74%, at 4,995. Gold is

currently trading about 0.9% lower, crude oil is seen trading about 0.6% higher, and the U.S.

dollar is currently trading about 0.3% higher at 9:00am Chicago time.

Oryza U.S. Rough Rice Recap - Prices Firm

with Futures amid Bearish Stocks and

Bullish Acreage Cuts




Jun 30, 2015

The U.S. cash market was firmer today increasing in sympathy with a jump in futures market

that was helped by a strong rally in the grain complex.Analysts note that today’s USDA Rice

Stocks report still showed excessive stocks however that was mostly offset by a bullish acreage

report as wet conditions in the U.S. Mid-South prevented farmers for getting their rice into the

ground.

The USDA reported that long grain stocks in all positions as of June 1st totaled 42,295,000 cwt

or 10,673,000 cwts more than last year which amounts to a 25% increased while at the same time

the USDA cut their long grain projected harvest acres by 135,000 bringing the total to 2,057,000

acres or a 6% decrease from last year.

Pakistan Rice Exporters Reiterate Need for

Government Intervention to Improve Export

Competitiveness

Jun 30, 2015




Pakistan rice growers and exporters are seeking government intervention in the form of subsidies

and incentives to improve export competitiveness and improve their international market

competitiveness in light of falling global rice prices and lower export demand. While export

prices of Pakistan 5% rice declined about 15% to around $380 per ton from around $445 per ton

last year, basmati rice export prices declined about 34% to around $895 per ton from around

$1,350 per ton last year.

They noted that Pakistan rice sector does not receive any government support while the

governments of Thailand, Vietnam and India offer several incentives and concessions to rice

farmers and exporters. In this situation, they have warned that Pakistan may lose out of

competition leading to declining exports and increasing stocks in the country.Members of the

Rice Exporters Association of Pakistan (REAP) expressed concern that value wise, Pakistan rice

exports have been stagnant since 2009-10 when they recorded highest $2.2 billion while the

country's rice production increased about 25% in the past 15 years.

They noted that most of their markets for basmati rice are conquered by India leading to drastic

price falls. Similarly, for non-basmati rice, Pakistan has been losing share in its traditional

markets like China. Pakistan's rice exports to China have fallen from 589,000 tons in 2012-13 to




below 200,000 tons this year. They also noted that Thailand, India and Vietnam rice exporters

are able to sell their surplus stocks due to various subsidies and concessions provided by their

governments.

Therefore, the REAP President urged the government to provide loans to needy rice exporters

within the next three months, provide rice farmers with seeds, pesticides, electricity, water,

dryers and other equipment free of cost in order to cut down the cost of production and enable

exporters to compete in international markets. He also stressed the government to direct the

commercial banks to waive off margin calls as prices have been continuously falling, especially

for basmati.Last week, the REAP members sought a subsidy on rice exports and removal of

withholding tax on loans taken by rice growers and exporters especially in the light of increasing

rice surplus stocks in the country.

Thailand Rice Sellers Increase Some of Their

Quotes Today; Vietnam Rice Sellers Lower

Some of Their Quotes

Jun 30, 2015

Thailand rice sellers increased their quotes for parboiled rice by about $5 per ton to around $370-

$380 per ton and increased their quotes for Hommali rice by about $10 per ton to around $825-

$835 per ton today. Vietnam rice sellers lowered their quotes for 25% broken rice by about $5

per ton to around $325 - $335 per ton. Other Asia rice sellers kept their quotes mostly unchanged

today.

5% Broken Rice

Thailand 5% rice is indicated at around $365 - $375 per ton, about a $15 per ton premium on

Vietnam 5% rice shown at around $350 - $360 per ton. India 5% rice is indicated at around $385

- $395 per ton, about $10 per ton premium on Pakistan 5% rice shown at around $375 - $385 per

ton.

25% Broken Rice




Thailand 25% rice is shown at around $345 - $350 per ton, about a $20 per ton premium on

Vietnam 25% rice shown at around $325- $335 per ton, down about a $5 per ton from yesterday.

India 25% rice is indicated at around $350 - $360, about $15 per ton premium on Pakistan 25%

rice shown at around $335 - $345 per ton.

Parboiled Rice

Thailand parboiled rice is indicated at around $370 - $380 per ton, up about a $5 per ton from

yesterday. India parboiled rice is indicated at around $360 - $370 per ton, about a $35 per ton

discount to Pakistan parboiled rice shown at around $395 - $405 per

ton.

100% Broken Rice

Thailand broken rice, A1 Super, is indicated at around $315 - $325 per ton, about $5 per ton

premium on Vietnam 100% broken rice shown at around $310 - $320 per ton. India's 100%

broken rice is shown at around $280 - $290 per ton, about a $10 per ton discount to Pakistan

broken sortexed rice shown at around $290 - $300 per ton.

U.S. Rice Growers Can Now Generate and

Sell Carbon Credits Under State GHG

Trading Program

Jun 30, 2015

The California Air Resources Board (CARB) has approved a new carbon offset protocol for

methane-reducing rice cultivation projects allowing rice growers to generate and sell

compliance-grade credits under the state's greenhouse gas emissions (GHG) trading program,

according to Bloomberg BNA.Six types of offset projects can generate tradable credits under the

new protocol. Each credit is equal to a ton of carbon dioxide.

The Director of Agriculture Greenhouse Gas Markets noted that the rice cultivation protocol is

the first crop-based carbon offset protocol, which allows to reduce GHG emissions without

sacrificing yields. “Rice growers can now generate additional sources of revenue without

sacrificing yields, and the conservation measures they implement will reduce methane emissions




and protect important wildlife habitat,” he said.The rice cultivation protocol uses a de-

nitrification decomposition model to quantify greenhouse gas emissions and promotes practices

that maintain yields and still preserve the ecological benefits of rice farming.The protocol is

designed to be used in California and other key rice-growing states of Arkansas, Louisiana,

Mississippi, Missouri and Texas.CARB's protocols prescribe the methodology needed for

quantifying the GHG reduction benefits to projects.

Rice Council of Tanzania Urges Government

to Curb Illegal Entry of Pakistani Rice

Jun 30, 2015

The Rice Council of Tanzania (RCT) is urging the government to curb illegal entry of Pakistani

rice into the country, which is encouraging some local traders to mix it with local rice and export

to other East African Countries (EAC) like Rwanda and Uganda as well as depriving the

government of taxes, according to local sources.The EAC has set a Common External Tariff

(CET) of 75%. But since Tanzania's rice prices are relatively high, the EAC has agreed for duty-

free trade with the other EAC members.

The Executive Director of the RCT noted that they have been seeking requisite support from

April this year, but there has been no response from them so far. She noted that the RCT sent a

petition to the President's Office with signatures of about 11,000 smallholder rice farmers

apprising them of the situation and seeking justice. The Prime Minister’s Office, Ministry of




Agriculture Food Security and Cooperatives, Ministry of Finance, Ministry of Industry and

Trade and Ministry of East African Cooperation were also sent a copy each, she said.The RCT

also contacted the Parliament seeking a meeting with lawmakers representing main rice

producing areas. But it did not receive any positice response from them so far.

There has been an uproar recently that Tanzanian rice exporters have been exporting rice mixed

with cheap Pakistani rice to Rwanda and Uganda and those countries had banned rice imports

from Tanzania since last year. Recently, the Chairman of the RCT sought government support in

settling the rice export issue with the EAC and help reinstate exports to those countries. He noted

that Tanzania produced over 700,000 tons of paddy in 2014 but could not export anything to the

EAC markets.Last week, the Country Program Manager of Eastern Africa Grain Council

(EAGC) warned that Rwanda and Uganda have decided to levy a 75% tax on Tanzania rice

imports mixed with cheap Asian rice.

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