23rd October, 2014 Daily Exclusive ORYZA E-Newsletter Shared by Riceplus Magazine

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com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874

23
rd
October, 2014

TOP Contents - Tailored for YOU

Latest News Headlines

Italian Rice Harvest and Sales Behind Last Year
Increase in Russian Rice Prices Linked to Closure of Ports to Chinese
Imports
India Supports Senegal Rice Sufficiency Project with $63 Million
Laboratory Tests Confirm Absence of Pesticide Residues in Indian
Basmati Rice
Oryza Afternoon Recap Chicago Rough Rice Futures Close Slightly
Lower as Drop in Crude Weighs on Grain Prices
Global Rice Quotes
Oryza Weekly Global Weather Outlook
Philippines to Introduce Drones in Rice Research
Oryza Overnight Recap Chicago Rough Rice Futures Little Changed
as Grains Exert Conflicting Pressure
Oryza U.S. Rough Rice Recap Depressed Market Looks for Bottom;
Prices Hold for Now
Thai Commerce Ministry Plans to Delay Rice Sales to Boost Prices
Vietnam Rice Sellers Increase Some of Their Quotes Today; Other
Asia Rice Quotes Unchanged
Thai NACC May Bypass OAG in Ex-Premier Rice Corruption Case

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Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com

Italian Rice Harvest and Sales Behind Last Year
Oct 22, 2014
It will be a few weeks before the Italian paddy rice harvest is complete. Rice growers have started cutting
paddy since the middle of September, but the very cold and damp weather of July and August created adverse
growing conditions, delaying harvesting.The latest information suggests a mixed bag in terms of rice paddy
yields. Some varieties reduced production per ha up to 30%, but milling yields in some cases were much better
than in recent years.
Average paddy prices are still lower than at the end of prior crop year, so rice growers are again asking
domestic and European institution for measures which can support Italian and European production.About
257,972 tons of paddy rice has been sold as of October 21, mostly of last years' production; in the week October
14-21 sales reached 41,439 tons. This means an increase of 15.9% on the same period of 2013.
One year ago, the total amount sold was 217,208 tons, but two years ago the level was much higher, and was
290,661tons. Up to now Long A varieties are the best sellers, with 109,064 tons (this week 21,347 tons),
followed by Indica varieties, Long B ones, with 86,545 tons (this week 16,607 tons). Then we find round
varieties, with 56,157 tons sold (this week 11,132 tons) and then medium grain paddies, with 6,306 tons (this
week 1,426 tons). The most required varieties are Loto-Ariete, with 35,413 tons (this week 5,792 tons) and
Arborio-Volano, with 18,221 tons (this week 2,902 tons).
Tags: italian rice production, italian rice prices, Italy

Increase in Russian Rice Prices Linked to Closure of
Ports to Chinese Imports
Oct 22, 2014
Rice prices in Russia have increased last year mainly because of the closure of
some ports to Chinese rice imports, according to USDA Post.The Post quotes
the Deputy Director General of the JSC "Habrechtorg" port as saying that last
year some ports, including Khabarovsk and Nizhneleninskoye, were excluded
from receiving rice imports from China and due to that the ships had to be


diverted to the ports of Grodekovo and Blagoveshchensk. This diversion had caused increased costs to
importers and effectively the prices of imported rice were pushed up in the country. He added that the closure of
the regular ports was a result of some kind of lobbying by neighboring countries.USDA Post reports that the
two ports have been opened to receive rice imports from China based on the information shared by the
Chairman of Association of Applied Economics.The Post also reports that the last year's experience led China
to plan for an agricultural center in Russia, from where it could easily export agricultural commodities such as
rice, into Russia.USDA Post states that the Russian government has approved a draft of the federal law on
"Territories of Priority Social and Economic Development in Russian Far East and in Certain Regions of the
Russian Federation." The draft once becomes a law will enhance the tax and administrative benefits to Russian
entrepreneurs. Russia imports around 250,000 tons of rice annually, according to USDA.
Tags: Russia rice prices, Russia rice imports from China, USDA Post
India Supports Senegal Rice Sufficiency Project
with $63 Million
Oct 22, 2014
The Export Import Bank of
India (Exim Bank) has offered
to provide $62.95 million to the
Republic of Senegal to support
its rice self-sufficiency project,
according to a press release on
its website.The Exim Bank will
finance Senegal's rice
sufficiency project through its
Line of Credit (LoC)
mechanism, according to the
Bank's Deputy Managing
Director, who exchanged the
LoC Agreement with the
Ambassador of Senegal in
India last month. Under the
current agreement, Senegal can
import machinery and other


related goods, to support its rice-sufficiency project, from Indian exporters to whom the Exim Bank will
reimburse 1005 contract value upon the shipment of goods.
The West African country is a net importer of rice and imports about 80% of its annual rice consumption needs.
The government, like other West African governments, is keen on increasing local rice production in the
country and reduce the volume of imports. It imports rice from India, Thailand and Vietnam.
With the current LoC agreement, Exim Bank as till date extended twelve LoCs valuing about $269.36 million to
the Senegal government to support various export and development projects.
USDA estimates Senegal to produce around 289,000 tons of rice in MY 2014-15 (October - September) and
import around 1.15 million tons to meet the consumption needs of around 1.45 million tons during the year.
Tags: Senegal rice imports, senegal rice production, Exim Bank

Laboratory Tests Confirm Absence of Pesticide
Residues in Indian Basmati Rice
Oct 22, 2014
Critics and exporters who complained about the presence of pesticides, fungicides and
other chemicals by Punjab farmers on basmati crop, need to change their stand and
opinions, because recent laboratory tests now have proved that the basmati grain from
the Indian state Punjab does not contain chemical residue.In districts of Amritsar, Tarn
Taran and Gurdaspur around 150 samples of basmati grain was collected and analyzed
to show absence of any chemical residue in the grain.
The Chogawan belt was the area for the study and samples consisted of PUSA 1121, Punjab-386 and others
that are largely exported to Europe and the US. These tests were conducted at the Punjab Agricultural
University. The scientists at the university were alarmed by the exporters reports that Punjab basmati grain had
large doses of pesticide residue. The news on pesticide residue on the exported grain not only has negative
impact on exports but also on the growers.
The U.S. authorities began rejecting basmati rice consignments from India since August 2011 after detecting
traces of tricyclazole in them. Tricyclazole is a systematic fungicide used in most of the rice producing


countries, including India, to control 'blast' disease in rice crops. However, top agriculture officials in Punjab
say basmati and paddy farmers do not apply tricyclazole in the state as it is not recommended by either the state
government or the Punjab University.In July, the U.S.
Environment Protection Agency (EPA) has relaxed the import tolerance limits for tricyclazole fungicide in
Indian basmati rice imports paving way for India to increase its basmati rice exports to the U.S. It fixed the
Maximum Permissible Limit (MPL) for the tricyclazole fungicide in Indian basmati rice imports at 3 parts per
million (ppm) which is much above than the 0.12 ppm found by US in August 2011 consignments.
India exported around 103,377 tons of basmati rice to the U.S. in 2013-14 (April - March), up about 13% from
around 91,544 tons exported in 2012-13, according to data from Agricultural and Processed Food Products
Export Development Authority (APEDA). India's total rice exports, including non-basmati exports, stand at
around 10.5 million tons in FY 2013-14, up about 3% from around 10.2 million tons exported in FY 2012-13,
according to APEDA.
Tags: India basmati rice exports, Tricyclazole fungicide, Punjab basmati rice
Oryza Afternoon Recap Chicago Rough Rice
Futures Close Slightly Lower as Drop in Crude
Weighs on Grain Prices
Oct 22, 2014
Chicago rough rice futures for Nov delivery settled 2.5 cents per cwt (about $1 per ton) lower at $12.530 per
cwt (about $276 per ton). Rough rice futures closed slightly lower as they were unable to maintain the gains
earned during morning trading.
Todays action has returned the market near the lower boundary of the current $12.500-$12.800 per cwt (about
$276-$282 per ton) trading range which has restricted price movement for over a month. Traders noted large
buy orders at $12.500 per cwt (about $276 per ton) and sell orders at $12.600 per cwt (about $278 per ton)
levels that will likely limit gains or losses for the remainder of the week. The other grains closed mostly lower
today; Soybeans closed about 0.2% lower at $9.275 per bushel; wheat finished about 0.6% higher at $5.2225
per bushel, and corn finished the day about 0.8% lower at $3.5300 per bushel.


U.S. stocks turned lower on Wednesday, following the S&P 500's biggest jump in a year, as investors
considered quarterly earnings from Yahoo and other companies and the reported killing of a soldier in Ottawa
and gunfire in the halls of Canada's Parliament. After a 124-point fall, the Dow Jones Industrial Average was
lately off 115.82 points, or 0.7%, at 16,499.16. The S&P 500 shed 8.21 points, or 0.45%, to 1,933.07, with
energy falling hardest among its 10 major industries. The Nasdaq declined 19.70 points, or 0.4%, to 4,399.77.
U.S. consumer prices climbed marginally last month as energy prices declined, illustrating tame inflation that
should allow the Federal Reserve to keep interest rates low for a time.
The Labor Department's Consumer Price Index edged up 0.1% in September after falling 0.2% the prior
month. Gold is trading about 0.6% lower, crude oil is seen trading about 2.6% lower, and the U.S. dollar is seen
trading about 0.5% higher at about 1:00pm Chicago time.Tuesday, there were 3,075 contracts traded, up from
1,756 contracts traded on Monday. Open interest the number of contracts outstanding on Tuesday increased
by 19 contracts to 10,749.
Tags: chicago rough rice futures, U.S. rice prices, Rice Prices

Global Rice Quotes
October 22nd, 2014
Long grain white rice - high quality
Thailand 100% B grade 435-445
Vietnam 5% broken 440-450
India 5% broken 415-425
Pakistan 5% broken 395-405
Cambodia 5% broken 465-475
U.S. 4% broken 490-500
Uruguay 5% broken 595-605
Argentina 5% broken 595-605

Long grain white rice - low quality
Thailand 25% broken NQ
Pakistan 25% broken 345-355
Cambodia 25% broken 450-460
India 25% broken 370-380
U.S. 15% broken 510-520


Long grain parboiled rice
Thailand parboiled 100% stxd 420-430
Pakistan parboiled 5% broken stxd 425-435
India parboiled 5% broken stxd 405-415
U.S. parboiled 4% broken 580-590
Brazil parboiled 5% broken 585-595
Uruguay parboiled 5% broken NQ
Long grain fragrant rice
Thailand Hommali 92% 925-935
Vietnam Jasmine 575-585
India basmati 2% broken NQ
Pakistan basmati 2% broken NQ
Cambodia Phka Malis 880-890
Brokens
Thailand A1 Super 340-350
Pakistan 100% broken stxd 320-330
Cambodia A1 Super 360-370
India 100% Broken stxd 320-330
Egypt medium grain brokens NQ
U.S. pet food 445-455
Brazil half grain NQ

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

Oryza Weekly Global Weather Outlook
Oct 22, 2014
In China, light rain showers are expected in Yunnan, Sichuan, and Guizhou on Wednesday and Thursday. Dry
weather favoured rice harvesting across the majority of southern China, including the Yangtze Valley.
Scattered rain is expected across Thailand during the next two days.
Scattered showers are expected across most of Vietnam on Wednesday and Thursday.
In Pakistan, light rain is expected at isolated places in Malakand, Hazara, Peshawar, Kohat, D.I Khan divisions,
Islamabad, Sargodha, Zhob divisions, Kashmir and Gilgit-Baltistan today and tomorrow.


Weather is expected to remain dry in Bangladesh during the next two days.
Scattered showers are expected across Sumatra and Borneo, in Indonesia, on Wednesday and Thursday.
In India, heavy rainfall is expected in isolated places over Tamilnadu and Kerala today. Thereafter, light rain is
expectedin isolated places over plains of northwest India, Maharashtra & south Gujarat during the next 3 days.
In the last week, heavy rain due to Tropical Cyclone Hudhud in rice areas in eastern India was largely
unfavourable for maturing kharif rice.
Ninety-one percent of the U.S.s rice crop was harvested by October 19, 4% ahead of last year, according to the
USDA. Rainfall in Arkansas has slowed harvest progress, at currently 91% complete.
Tags: Rice, weather, global, Asia, Cyclone

Philippines to Introduce Drones in Rice Research
Oct 22, 2014
The Philippine Rice Research Institute (PhilRice) is considering to
introduce drone technology in the country to help rice researchers
gather accurate data and conduct their research effectively, according to
a news release on its website.The Lead of Future Rice Program in the
PhilRice noted that they are planning to conduct a training program in
collaboration with the University of Southern Mindanao on drone
technology soon. The training program will focus on flight tutorials and
application of the drone's features. He noted that drones can be used for
research activities such as data collection, tracking growth patterns as
well as pests and nutrient management.
The Head of the PhilRice Breeding and Biotechnology Division noted that drones can also be used for
inspecting damages during and after calamities, monitor rice fields during crop establishment and assess effect
of extreme weather conditions on rice crops. We will further explore the technology`s features so researchers
could spend their time efficiently, he adds.


Drones usually come with a high definition camera, flight stabilizer and a global positioning system (GPS),
which allows users to program its flight path. They can fly for about 8-10 minutes and up to two
kilometers.Drones are available in the Philippines and cost about P25,000 (around $557), according to PhilRice.
Tags: Drone technology, Philippines rice research, Philrice
Oryza Overnight Recap Chicago Rough Rice
Futures Little Changed as Grains Exert Conflicting
Pressure
Oct 22, 2014
Chicago rough rice futures for Nov delivery are currently noted 0.5 cents per cwt (about $0.11 per ton) higher at
$12.560 per cwt (about $277 per ton) during early morning floor trading in Chicago. The other grains are seen
trading with mixed results: soybeans are currently seen about 0.9% higher, wheat is listed about 0.3% lower and
corn is noted about 0.8% lower.
U.S. stocks wavered between slight gains and declines on Wednesday, pausing after the S&P 500's biggest
jump in a year, as investors considered data signaling little movement in the cost of living in September and
quarterly reports from Boeing and others. U.S. consumer prices climbed marginally last months as energy prices
declined, illustrating a soft inflation portrait that should allow the Federal Reserve to keep interest rates low for
a time. The Labor Department's Consumer Price Index edged up 0.1% in September after falling 0.2% the prior
month. The Dow Jones Industrial Average shed nearly 2 points to 16,612.91. The S&P 500 advanced 1.97
points, or 0.1%, to 1,943.25, with materials the best performer and health care the leading laggard among its 10
main industry groups. The Nasdaq.rose a point to 4,420.64. Gold is currently trading about 0.6% lower, crude
oil is seen trading about 0.1% higher, and the U.S. dollar is currently trading about 0.4% higher at 9:45am
Chicago time.
Tags: chicago rough rice futures, U.S. rice prices, Rice Prices
Oryza U.S. Rough Rice Recap Depressed Market
Looks for Bottom; Prices Hold for Now
Oct 22, 2014


The U.S. cash market remains depressed with ample supplies and limited export demand. Many analysts
wonder how much lower prices have to go for there to be renewed interest in U.S. rice abroad.
As of today, offers were unchanged around $12.50-$12.75 per cwt fob farm (about $276-$281 per ton) while
bids were firm near $12.25-$12.55 per cwt (about $270-$277 per ton) for October-November however there
were no trades to report.
Tags: U.S. rice prices, Rice Prices, united states of america

Thai Commerce Ministry Plans to Delay Rice Sales
to Boost Prices
Oct 22, 2014
Thailand's Commerce Ministry is likely to suggest some rice price supporting measures to the Rice Policy
Committee on October 24, according to Bloomberg.
The Ministry is reportedly planning to encourage rice farmers to delay
sales of over one million tons of rice from the upcoming harvest to push
rice prices. It is keen on increasing the price of unmilled white rice to
around 8,500 baht (around $263) per ton and prices of unmilled jasmine
rice to around 16,000 baht (around $495) per ton during the main crop
harvest season, which will begin in November.Price of unmilled white
rice currently stands at around 7,974 baht (around $247) per ton and that
of unmilled jasmine rice stands at around 14,155 baht (around $438) per
ton, according to data from Office of Agricultural Economics (OAE).
The government is planning to provide low-interest loans to farmers to hold their harvest and refrain from
selling. Such an action is expected to control downward pressure on prices. The Commerce Minister told local
sources that the government will increase loans to 90% of the value of rice stored (without releasing into
market) from the current 80%.
The Ministry said the government would continue selling rice from stockpiles. The TREA Honorary President
expressed hope that Thailand would export around 11 million tons of rice in 2014. Thailand has exported


around 6.6 million tons of rice in the first eight months (January - August) of 2014, up about 59% from around
4.14 million tons exported during the same period in 2013, according to data from TREA.
Tags: Thai rice prices, Thai rice stocks, Thai rice exports

Vietnam Rice Sellers Increase Some of Their Quotes
Today; Other Asia Rice Quotes Unchanged
Oct 22, 2014
Vietnam rice sellers increased their quotes for 5% broken rice and 100% broken rice by about $5 per ton each to
around $440 - $450 per ton and $335 - $345 per ton respectively today. Other Asia rice sellers kept their quotes
mostly unchanged today.
5% Broken Rice
Thailand 5% rice is quoted at around $420 - $430 per ton, about $20 per ton discount to Vietnam 5% rice shown
at around $440 - $450 per ton, up about $5 per ton from yesterday. India 5% rice is quoted at around $415 -
$425 per ton, about $20 per ton premium on Pakistan 5% rice quoted at around $395 - $405 per ton.
25% Broken Rice
Thailand 25% rice was last quoted at around $350 - $360 per ton, about $50 per ton discount to Vietnam 25%
rice shown at around $400 - $410 per ton. India 25% rice is quoted at around $370 - $380 per ton, about $25 per
ton premium on Pakistan 25% rice quoted at around $345 - $355 per ton.
Parboiled Rice
Thailand parboiled rice is quoted at around $420 - $430 per ton. India parboiled rice is quoted at around $405 -
$415 per ton, about $20 per ton discount to Pakistan parboiled rice quoted at around $425 - $435 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, was last quoted at around $340 - $350 per ton, about $5 per ton premium on
Vietnam broken rice shown at around $335 - $345 per ton, up about $5 per ton from yesterday. India broken


sortexed rice is quoted at around $320 - $330 per ton, on par with Pakistan broken sortexed rice quoted at
around $320 - $330 per ton.
Tags: Vietnam rice prices, India rice prices, pakistan rice prices, Thailand rice prices
Thai NACC May Bypass OAG in Ex-Premier Rice
Corruption Case
Oct 22, 2014
Thailand's National Anti-Corruption Commission (NACC) is planning to quickly close the corruption case
related to the former Prime Minister Yingluck Shinawatra's involvement in the rice pledging scheme, according
to local sources.
In July this year, the NACC recommended criminal charges against the former
Prime Minister after finding her guilty of being negligent in heeding to warnings
against corruption in the Rice Paddy Pledging Scheme, introduced in October
2011. However, in September, the Office of the Attorney General (OAG) refused
the NACC recommendation to indict the former Prime Minister in the Supreme
Courts Criminal Division for Holders of Political Positions seeking more
evidences substantiating charges against her. It also proposed that a panel
comprising members from the OAG and the NACC would work jointly to gather
more evidences before deciding on the indictment of the ex-PM. The joint panel,
which started investigation work on September 9, could not conclude the probe
within the 14-day deadline it had set.

Now, the NACC is planning to submit the case to the Supreme Court by itself without waiting for the OAG's
ruling. The Chairman of the NAC told a press conference on Tuesday that they would decide their course of
action on November 7 if the joint panel fails to reach a conclusion by then. He noted that the NACC has
sufficient proofs that the former Prime Minister was negligent in failing to solve corruption and losses in the
rice-pledging scheme.The former Prime Minister is facing charges of ignoring warnings against misdealing in
the controversial rice pledging scheme, which brought losses of about 500 billion baht (around $15.6 billion) to
the exchequer. However, she has been maintaining innocence relating to her involvement in the scheme. If
indicted, she could face jail up to 10 years, say local sources.The NACC organized a press conference to mark
its 8th anniversary on Tuesday.

Tags: Thai NACC, Thai OAG, Thai rice pledging scheme, Yingluck Shinawatra

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