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20th December , 2013

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TOP Contents - Tailored for YOU Latest News Headlines


Oryza Rice Currency Analysis for Today Brazil Real, Mexico Peso Both Down 1% Oryza Afternoon Recap Chicago Rough Rice Futures Look to Recover from Recent Losses, Trade Activity Slows Saudi Arabia Fines Rice Traders Over Price Hike India Government Considers Increase in Rice Buffer Norms Vietnam Food Association Expects TPP to Boost Rice Exports Oryza Quick Glance at MDA Rice Crop Weather Update Thailand Rice Farmers Urged to Increase Efficiency, Rice Yield to Compete Globally Thailand, Vietnam Rice Sellers Lower Some of Their Quotes Today Achievements and Controversy Surrounding Rice, Vitamins, and GMO Crops EU Alleges Up to 30% of Cambodia Rice Imports Mixed With Vietnam Rice Oryza Quick Glance at World News Oryza Global Rice Quotes

NEWS DETAILS:
Oryza Rice Currency Analysis for Today Brazil Real, Mexico Peso Both Down 1%
Dec 19, 2013

U.S. dollar index was up +0.63% from the open today, when it traded at 80.608 at the close. Euro was weaker -0.18% today by the close, trading around 1.3661 by end of day, after trading between an intraday high of 1.3694 and low of 1.3650. Markets continued to trade on the Feds decision yesterday to begin tapering its bond purchases. Thai baht was weaker -0.49%, trading at 32.480 at the close of business. Indian rupee was -0.02% weaker, trading at 62.1162. Brazilian real was -1.08% weaker than the open at todays close, when it ended at 2.3568 reais per dollar. Pakistan rupee was +0.32% stronger at 106.3150.

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Vietnamese dong was +0.01% stronger, trading at 21104. Mexican peso was -1.09% weaker today, when it traded at 13.0170 pesos per dollar by the close of business today. Chinese yuan was -0.01% weaker at 6.0713.
Tags: foreign exchange rates

Oryza Afternoon Recap Chicago Rough Rice Futures Look to Recover from Recent Losses, Trade Activity Slows
Dec 19, 2013

Chicago rough rice futures for March delivery settled 9 cents per cwt (about $2 per ton) higher at $15.315 per cwt (about $338 per ton). Rough rice futures retraced a good portion of losses sustained yesterday as selling and spread activity slows ahead of the holidays approaching in the coming weeks. The open interest table shows that as of the close of the market yesterday there are fewer than 2,000 contracts open for January delivery with the majority of the trade already focused on March. Traders expect the bulk of the trade activity to remain focused on moving the remaining nearby contracts forward and thus see underlying support for the January futures. The other grains finished mostly higher today with wheat logging the only loss; soybeans finished the day about 0.4% higher at $13.1900 per bushel; wheat finished about 0.3% lower at $6.1175 per bushel; and corn finished the day about 1.3% higher at $4.3050 per bushel.U.S. stocks erased the bulk of their losses on Thursday, with the Dow industrials extending gains after the prior day's record close, as the energy sector rose along with the price of oil. Wall Street retreating after the prior day's Fed-inspired surge, after existing home sales fell to their lowest level in nearly a year and new claims for jobless benefits climbed last week to a near nine-month high. The Dow Jones Industrial Average cleared losses to turn higher. The S&P 500 was down less than 1 point, with utilities the leading laggard and energy the best performing among its 10 major sectors. The Nasdaq fell. U.S. stock markets are currently trading about 0.1% higher, gold is trading about 3.4% lower, crude oil is seen trading about 1.2% higher, and the U.S. dollar is seen trading about 0.6% higher at about 2:00pm Chicago time.Turning to the daily continuation chart of Chicago rough rice futures for March delivery, the market managed to recover nearly half of the losses sustained yesterday. Although buying interest improved the session high of $15.365 per cwt (about $339 per ton) was made overnight, likely caused by the triggering of a stop order on low volume. But with the opening of pit trading this morning the bulls failed to follow through and prices spent the majority of the session trading within 5 cents per cwt (about $1 per ton) of unchanged. Todays push higher saw prices cross back above the lower Bollinger band which is noted at $15.230 per cwt (about $336 per ton) and now acts as the current price objective. The market remains in bearish territory and the current trend of lower prices remains intact. Todays trading range is noted as $15.280-$15.405 per cwt (about $337-$340 per ton).Wednesday, there were 2,544 contracts traded,

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down from 4,167 contracts traded on Tuesday. Open interest the number of contracts outstanding on Wednesday increased by 81 contracts to 7,401.
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market

Saudi Arabia Fines Rice Traders Over Price Hike


Dec 19, 2013

The Saudi Arabia government has fined rice traders SAR40 million (about $11 million) for increasing prices of rice and reducing the weight of rice in packets sold by them in the market. ccording to Tawfiq Al-Rabiah, the Minister of Commerce and Industry and chairman of the Council of Competition Protection (CCP), some rice traders were found to have reduced quantity of rice in packets and increased rice prices without informing consumers about the change.Rice consumption in Saudi Arabia is estimated at around 1.25 million tons annually, and the entire demand is met by rice imports mostly from India. Earlier this month, local sources reported that rice prices increased to around SAR 235 SAR 290 per 40 kilograms (about $1,566 - $1,930 per ton) which is about 20% - 30% higher than prices in the previous month.Traders say that rice prices have increased due to higher prices quoted by exporting countries. However, local sources claim that rice prices are increasing due to the monopoly of Indian rice traders in the Saudi Arabia rice market.
Tags: Saudi Arabia rice prices

India Government Considers Increase in Rice Buffer Norms


The Indian government may increase buffer norms for rice and wheat in the central pool to ensure availability of food grains in the country for the implementation of the Food Security Act.Today, the Cabinet referred a proposal by the National Centre for Agricultural Economics and Policy Research (NCAP) to a panel over a possible increase in buffer norms for rice and wheat by around 50% from the current norm of around 21 - 32 million tons of food grains to meet the requirement under the Food Security Act.It is estimated that Indias food grains

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requirement under the National Food Security Act will increase to around 62-64 million tons, up from the current 56-60 million tons. The panel includes the Agriculture Minister, the Finance Minister and representatives of the Planning Commission.Local sources say that increasing buffer norms for rice and wheat does not serve any purpose as current stocks are consistently about 100% than the required norms. Moreover, increasing buffer norms will make open sales of food grains difficult which may lead to higher prices and storage losses. Some experts say that increasing buffer norms for rice and wheat may also force the government to import food grains in a low production year or if domestic procurement does not meet the target.India's buffer and strategic reserves were last finalized in April 2005. Strategic rice reserves stand at 2 million tons at any point of the year, while it is 3 million tons for wheat. The peak buffer norm for rice is 12.2 million tons as of April 1, while it is 17.1 million tons for wheat as of July 1. About 46% of total rice procurement in India takes place in the quarter October to December and 32.2% in the first quarter of calendar year.
Tags: India rice stocks

Vietnam Food Association Expects TPP to Boost Rice Exports


Dec 19, 2013

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The Vietnam Food Association (VFA) expects Vietnam's rice exports to increase significantly after Vietnam, Japan and countries in the Americas conclude the Trans-Pacific Partnership (TPP) negotiations.Lower demand from traditional buyers in Asia is forcing Vietnam to look to new markets and to increase sales in smaller markets such as the U.S. According to the VFA, rice exports in 2013 are expected to fall short of the targeted 6.7 million tons by around 100,000 tons despite lower export prices this year. The VFA general secretary told local sources that the average rice export price is about $14.50 per ton lower than last years average of around $435 per ton, but exports are likely to decline to around 6.6 million tons in 2013 due to low purchases by Asian countries. Indonesia did not buy any rice from Vietnam this year, while the Philippines and Malaysia have reduced their purchases, he said.However, the VFA is hopeful that rice exports to the Americas and Japan will increase after TPP negotiations. The VFA says that the price of Vietnam rice is much lower than Thailand rice and Vietnamese rice gaining popularity in the U.S. and other countries in TPP negotiations such as Japan, Canada, Chile, Peru and Mexico. The VFA has requested the government to help exporters gain wider access to the American and Japanese rice markets after TPP negotiations are over.
Tags: Vietnam rice exports, Trans Pacific Partnership (TPP)

Oryza Quick Glance at MDA Rice Crop Weather Update


Dec 19, 2013

Rice harvest is over in China, Japan, and the U.S., and harvest is going on in India, and some countries in South and Southeast Asia. According to MDA, global rice production in 2013-14 is expected to reach around 480.77 million tons.Oryza shares some of MDAs latest rice crop weather updates:Weather is expected to be dry in China this week. Chinas 2013-14 production is estimated at around 141.71 million tons.Snowfall may occur in some parts of Japan this week. Japans 2013-14 production is estimated at around 7.32 million tons.Reduction in rainfall will help rice harvest in Thailand and Vietnam this week. Thailand 2013-14 production is estimated at around 22.26 million tons, while Vietnams 2013-14 production is estimated at around 29.39 million tons.Rainfall may slow harvesting and planting of new crop in Luzon region in the Philippines this week. The Philippines 2013-14 production is estimated at around 11.51 million tons.Rainfall is expected to favor main season early growth in Indonesia this week. Indonesias 2013-14 production is estimated at around 39.6 million tons.Drier weather in India will help harvesting activities of main crop. Indias 2013-14 production is estimated

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at around 108.72 million tons.Weather is expected to remain dry in Bangladesh and Pakistan this week. Bangladesh 2013-14 production is estimated at around 35.93 million tons, while Pakistans 2013-14 production is estimated at around 6.55 million tons.Rainfall will favor rice crop in southeastern Nigeria this week. Nigerias 2013-14 production is estimated at around 2.9 million tons.Rainfall will improve moisture supplies for rice in northern areas of Brazil this week. Brazils 2013-14 production is estimated at around 8.58 million tons.Rainfall is expected in the Delta region of the U.S. this week. The U.S. 2013-14 production is estimated at around 5.94 million tons. For more complete weather information, contact: www.mdaus.com.
Tags: Weekly weather report for rice pdf: MDA Weather.pdf

Thailand Rice Farmers Urged to Increase Efficiency, Rice Yield to Compete Globally
Dec 19, 2013

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Rice farmers in Thailand should merge rice plots and make use of farm machinery to improve rice yield and reduce production costs, according to the Thailand Development Research Institute (TDRI) and Thailands caretaker agriculture minister.The Thai government buys paddy rice from farmers at prices around 40% higher than market prices under the rice mortgage program which started in 2011 to boost farmer income. However, this has led to a sharp decline in rice exports. According to the Thai Rice Exporters Association (TREA) President, Thailand has lost export competitiveness in recent years and traditional buyers of Thai rice such as the Philippines and Indonesia have shifted to rivals such as Vietnam due to high prices of Thai rice. The TDRI representative Nipon Poapongsakorn says the rice mortgage program should not be continued as global prices are likely to decline in 2014 and in coming years due to declining rice consumption. Instead, he suggests, Thai rice farmers should improve efficiency to reduce production costs.The caretaker agriculture minister Yukol Limlamthong told local sources that Thai rice faces increasing competition from Myanmar, Cambodia and Laos in addition to Vietnam. He says that rice productivity is as low as 1.8 tons per hectare in some parts of Thailand and the government zoning policy will help improve productivity and enable Thai rice to compete globally. However, farmer representatives in Thailand say that the zoning policy is unlikely to reduce increasing production costs of rice farming in Thailand.
Tags: Thailand rice exports

Thailand, Vietnam Rice Sellers Lower Some of Their Quotes Today


Dec 19, 2013

Thailand rice sellers lowered their quotes for 25% broken rice by about $5 per ton to about $350 -$360 per ton today. Vietnam rice sellers lowered their quotes for 5% broken rice by about $5 per ton to about $410 - $420 per ton. India and Pakistan rice sellers kept their quotes mostly unchanged. 5% Broken Rice Thai 5% rice is quoted around $380 - $390 per ton, about a $30 per ton discount to Viet 5% rice shown around $410 - $420 per ton, down about $5 per ton from yesterday. Indian 5% rice is quoted around $410 - $420 per ton, about a $30 per ton premium over Pak 5% rice quoted around $380 - $390 per ton. 25% Broken Rice Thai 25% rice is quoted about $350 - $360 per ton, down about $5 per ton from yesterday and about a $35 per ton discount to Viet 25% rice shown around $385 - $395 per ton. Indian 25% rice is quoted about $370 - $380 per ton, about a $30 per ton premium over Pak 25% rice quoted around $340 - $350 per ton. Parboiled Rice Thai parboiled rice is quoted around $445 - $455 per ton. Indian parboiled rice is quoted around $395 - $405 per ton, about a $30 per ton discount to Pak parboiled rice quoted around $425 - $435 per ton. 100% Broken Rice

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Thai broken rice, A1 Super, is quoted around $300 - $310 per ton, about a $70 per ton discount to Viet broken rice shown around $370 - $380 per ton. Indian broken sortexed rice is quoted about $300 - $310 per ton, about a $20 per ton discount to Pak broken sortexed rice quoted around $325 - $335 per ton.
Tags: Asia rice quotes, Thailand rice quotes, Vietnam rice quotes, Pakistan rice quotes, India rice quotes

Achievements and Controversy Surrounding Rice, Vitamins, and GMO Crops


Dec 19, 2013

With rice a staple food product around the globe, its not unsurprising that it has been a crucial part of the development of many different cultures and cuisines. What fewer people know is the role that rice has played in the development of our scientific understanding of vitamins and how they work in the body.In the mid-1800s, a disease called beriberi became frighteningly common. Sufferers had weak arms and legs and found it difficult to walk. Scientists could not figure out what caused it or how to prevent it. During the 1880s one scientist named Christiaan Eijkman began studying chickens with beriberi-like symptoms. He didnt make much progress until he noticed some of the chickens had mysteriously recovered and were no longer exhibiting symptoms. He figured out that the chickens food had changed: they had previously been fed leftover milled military rice and were now being fed civilian brown rice.When Dr. Eijkmans chickens recovered so quickly from a minor change in diet, he deduced that something in the outer layer of rice prevented beriberi, proving the disease was not the result of blood contamination or temperature variation. Instead, thiamine in the bran and endosperm of rice prevented the development of beriberi. Dr. Eijkmans work was furthered by Adolphe Vorderman and Casimir Funk, who shortened vitamin B1 thiamine to vital amine, thus coining the new word vitamin.Most nutritionists agree that its best to get ones required vitamins and minerals from a variety of food sources grains, vegetables, fruits. However, not everyone has the luxury of consuming a diverse diet due to cost or access. Today, consumers dont have to choose between better nutrients (brown rice) and longer shelf-life (milled rice) because of a process called parboiling. In the 1910s a German-British scientist named Erich Gustav Huzenlaub developed an improved form of parboiling (known as the Huzenlaub Process) that involves vacuum-drying the grains, steaming them, vacuum-drying them again, and then husking them. This method achieved several beneficial results. It preserves more of the nutrients in the rice, making it 80% nutritionally similar to brown rice. Parboiling also extends the grains shelf life, making it more resistant to weevils, for ex ample. Finally, it lessens the required cooking time.These last two benefits, the decreased cooking time and weevil-resistance, made parboiled rice the perfect sustenance to air-drop to troops in the field during World War II. During the War, Huzenlaub created a company to produce this parboiled rice and sold all of its production output to the U.S. and British Armed Forces.Parboiled rice, or converted rice as its sometimes called, is available in most grocery stores today in fact, some estimates claim that 50% of global paddy production is parboiled today. Its especially popular in

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areas where citizens might have trouble eating a healthy, varied diet due to war, poverty, or political unrest, and is largely the reason beriberi is no longer the endemic disease it once was. The nutritional benefits of parboiled rice are especially interesting given recent studies of the effects of supplemental vitamins and minerals, an industry that has exploded globally in the last decade. In the December 17 edition of Annals of Internal Medicine, a medical journal, several scientists wrote articles and editorials decrying the hyperbole surrounding vitamins and their benefits. They claim that several studies have now shown that supplemental vitamins, especially in people who are not severely deficient, have little to no health benefit. Moreover, some studies show actual harm befalling patients who excessively take beta carotene, vitamin E, and vitamin A. These new findings reiterate the fact that getting ones nutrients from whole foods is the best method and parboiling rice allows more people to do just that. These findings also shed light on another topic that has captivated the rice industry in recent years: genetically modified rice, or biofortified rice. Golden Rice, especially, has received lots of media attention this year as protestors in the Philippines uprooted a plot of Golden Rice being grown for experimental research. Golden Rice was developed specifically to help combat vitamin A deficiencies (VAD) in high-risk nations, places where supplements are not readily available. Vitamin A deficiency can cause blindness and even death, with some studies estimating 1-2 million deaths annually are caused by VAD. Golden Rice was specifically designed to produce beta-carotene in the endosperm of the rice instead of only the plant leaves, where its normally produced. (Beta-carotene is a precursor to vitamin A.) While Golden Rice and GMO rice in general is controversial, advocates say that for those who simply cannot obtain a balanced diet, it is a much needed scientific step in the direction.Regardless of how you feel about the Golden Rice or GMO controversy, we are fortunate to live in a time where we have options such as parboiling, fortifying, and modifying rice, especially when and where a diverse diet is challenging or impossible.
Tags: Golden rice, parboiled rice, vitamins, nutrition, Rice, white rice, brown rice

EU Alleges Up to 30% of Cambodia Rice Imports Mixed With Vietnam Rice


Dec 19, 2013

The Alliance of Rice Producers and Exporters of Cambodia (ARPEC) has proposed a Code of Conduct for rice exporters of the country to prevent contamination of rice from other origins in rice exports to EU member countries.Under the Everything But Arms (EBA) trade relaxations allowed to Least Developed Countries (LDCs), the EU does not levy any import tariff on rice from Cambodia (or Myanmar since last summer). However, this is being exploited by traders from Cambodia to export rice from neighboring Vietnam where prices are usually low, the EU alleges.According to the EU Trade Commissioner, as much as 30% of the 196,000 tons of rice exported by Cambodia to EU members in 2013 so far is rice of Vietnam origin mixed with Cambodia rice. The Commissioner has warned that Cambodia could lose EBA benefits if the government fails to control the quality of rice exported to the EU members.ARPEC believes the Code of Conduct will help exporters monitor rice quality. However, ARPEC also says that buyers in the EU should be wary of Cambodian exporters who promise prices much lower than average Cambodian prices. "The onus also rests upon buyers to be responsible

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in this whole game," ARPEC says.Earlier this month, Italy claimed that EUs rice sector is facing increasing competition from rice imports from Cambodia and Myanmar. Bulgaria, Greece, Spain, France, and Portugal agreed with Italys claim. Read Oryza story: European Rice Producing Nations Bemoan Imports
Tags: EU rice imports, Cambodia rice exports, Vietnam rice exports, Alliance of Rice Producers and Exporters of Cambodia (ARPEC)

Oryza Quick Glance at World News


Dec 19, 2013

Financial Times *A panel appointed by Barack Obama to review electronic intelligence collection has recommended the government continue to have access to phone records of U.S. citizens suspected of terrorism but that the data be held by private, not government, entities. *The Spanish government has sold NCG Banco, one of three nationalized banks that was still in state hands, to Banesco of Venezuela in a 1 billion deal that highlights growing investor appetite for the countrys resurgent banking sector. *The west was prepared to give Kiev at least 20 billion in loans if Ukraine agreed sign a landmark EU integration agreement last month, according to an internal EU document seen by the Financial Times. *Russia is set to free prisoners from some of the countrys most controversial and headline-grabbing cases after parliament approved a broad amnesty as President Vladimir Putin seeks to salvage the countrys image ahead of the Winter Olympics in Sochi. *Europe took a big step towards completing its banking union on Wednesday, in spite of warnings that the planned system for handling bank failures was inadequately funded and unwieldy. *Naoki Inose, the governor of Tokyo and the driving force behind the citys successful 2020 Olympic bid, said on Thursday he would resign over a money scandal. *The White House is expected to nominate Max Baucus, the retiring long-time senator from Montana, to be the next U.S. ambassador to China, according to sources familiar with the matter. *U.S. secretary of state John Kerry tried to defuse a rapidly spiraling diplomatic row with New Delhi over the arrest of an Indian diplomat, calling a senior Indian official on Wednesday to express his regret over the case. Wall Street Journal*Angela Merkel, delivered the inaugural parliamentary address of her third term as German chancellor on Wednesday, offered a familiar remedy for Europe's ills: more Europe. *Federal Reserve chairman, Ben Bernanke, gave the U.S. economy a nod of approval just a month before he leaves the Federal Reserve, moving the central bank to begin winding down a bond-buying program meant to boost growth with the recovery on firmer footing. *Egyptian authorities charged ousted President Mohammed Morsi with treason, espionage, and sponsoring terrorism, alleging he collaborated with Iran and allied militant groups to destabilize the country.

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*Philippines President, Benigno Aquino III, said Typhoon Haiyan caused nearly $13 billion in damage as his government released a report detailing the costs and a rebuilding plan that would help the Philippines better survive future storms. *Italy will allow international experts to use one of its ports as a staging area to transfer Syria's most dangerous chemical weapons from Danish and Norwegians ships onto a U.S. vessel, where the materials will be destroyed. *France's foreign minister voiced doubts that Western powers will reach a final nuclear deal with Iran, questioning Tehran's willingness to abandon its ability to build an atomic bomb. *Germany's government sharply criticized an EU decision to review energy-price discounts for many German companies, saying the probe would threaten jobs in Europe's economic powerhouse. *India's central bank surprised markets by leaving its key lending rate unchanged at 7.75% Wednesday, sparking hope it could be easing its inflation-fighting stance and turning toward dealing with the country's economic slowdown. New York Times*Indias Parliament gave final approval on Wednesday to a bill creating an independent anticorruption agency after more than four decades of debate and controversy over how to curb graft. *A Russian diplomat signaled on Thursday that Syrian President Bashar al-Assad should refrain from statements suggesting he might seek re-election because it could fuel tension before planned peace talks. *The U.S. State Department warned Wednesday that a new terrorist group linked to an Algerian militant has emerged as the greatest near-term threat to U.S. and Western interests in the Sahel region of Africa. The State Departments move underscored the resilience of the militant factions and their ability to forge new terrorist alliances, even in the face of Western pressure. *More Chinese state-owned companies might be spun off as private entities to help improve economic growth but Beijing will keep control of major industries, a Cabinet official said Thursday. *A government official in New Delhi says the Indian diplomat who was arrested in New York on visa fraud charges had accused her housekeeper of blackmail over the summer. Devyani Khobragade was arrested and strip-searched last week in a case that has caused a diplomatic firestorm between the U.S. and India. *Valerie Amos, the top U.N. official responsible for easing the Syrian conflicts humanitarian crisis, has made five visits to the country since early 2012 and has developed a cordial working relationship with Syrian relief officials.
Tags: World news

Oryza Global Rice Quotes


December 19th, 2013 Long grain white rice - high quality Thailand 100% B grade 390-400 Vietnam 5% broken 410-420 India 5% broken 410-420 Pakistan 5% broken 380-390

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Cambodia 5% broken U.S. 4% broken Uruguay 5% broken Argentina 5% broken

455-465 585-595 625-635 625-635

Long grain white rice - low quality Thailand 25% broken 350-360 Vietnam 25% broken 385-395 Pakistan 25% broken 340-350 Cambodia 25% broken 430-440 India 25% broken 370-380 U.S. 15% broken 565-575

Long grain parboiled rice Thailand parboiled 100% stxd 445-455 Pakistan parboiled 5% broken stxd 425-435 India parboiled 5% broken stxd 395-405 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% 965-975 Vietnam Jasmine 605-615 India basmati 2% broken 1515 -1525 Pakistan basmati 2% broken NQ Cambodia Phka Malis 905-915 Brokens Thailand A1 Super 300-310 Vietnam 100% broken 370-380 Pakistan 100% broken stxd 325-335 Cambodia A1 Super 380-390 India 100% Broken stxd 305-315 Egypt medium grain brokens NQ U.S. pet food 390-400 Brazil half grain 345-355 Medium grain milled U.S. Calrose 4% broken Egypt medium grain 6%

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+92 321

620-630 NQ

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

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