5th December, 2014 Daily Exclusive ORYZA E-Newsletter by Riceplus Magazine

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Daily
December 5, 2014
Exclusive ORYZA E-Newsletter
DAILYCompiled
EXCLUSIVE
ORYZA E-NEWSLETTER
& Edited by Riceplus Magazine
December 05, 2014

Vol 4 Issue XI
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28
December 5, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER

News Headlines
FAO Forecasts Higher Rice Imports by Haiti in
2014-15
Global Rice Quotes
FAO Global Rice Price Index Declines 1% m/m to
232 Points in November 2014
Oryza U.S. Rough Rice Recap - Sideways Market
Needs Increased Exports to Lift Prices
Oryza Overnight Recap - Chicago Rough Rice
Futures Unchanged Overnight as Market Continues
to Drift Sideways
Overuse of Nitrogen Affects Zinc Absorption and
Indirectly Rice Yield
Oryza Afternoon Recap - Chicago Rough Rice
Futures Continue to Consolidate as Strong Exports
Provide Little Surprise
South Korea Buys 90 Tons of Non-Glutinous Rice
in Tender
Pakistan Rice Sellers Lower Some of Their Quotes
Today; Other Asia Rice Quotes Unchanged
USDA Post Estimates Indonesia to Import 1.225
Million Tons of Rice in MY 2013-14; Up 88% from
Last Year
News Detail
FAO Forecasts Higher Rice Imports by Haiti

in 2014-15
28
December 5, 2014
Dec 04, 2014
The UN's Food and

Agriculture
Organization (FAO)
has forecasted Haiti's
2014-15 (July - June)
rice
imports
to
increase by about 8%
due to an expected
decline in production.
The FAO estimates
Haiti's
2014-15
cereal imports at
around 705,000 tons,
up about 7% from
around 658,879 tons
imported last year.
The FAO estimates Haiti 2014 paddy rice production at around 125,000 tons (around 69,000
tons, basis milled), down about 26% from around 169,000 tons (around 92,950 tons, basis
milled) in 2013 due to unseasonal dry weather from June to August. The UN agency expects
Haiti's 2014 total cereal production to decline 40% year-on-year to around 367,000 tons.
Average prices of imported rice remained stable at around 45,930 gourde per ton (around $1,014
per ton) since March this year. However, average prices of locally produced rice remained stable
at around 91,882 gourde (around $2,047) per ton between February - July 2014 but since then
they have declined about 7.5% to around 84,981 gourde (around 1,852) per ton in November
2014.
USDA estimates Haiti to produce around 78,000 tons of milled rice in 2014-15, unchanged from
last year's level; and estimates Haiti to import around 410,000 tons of rice in 2014-15, down
about 1.2% from around 415,000 tons exported last year.
Tags: FAO, Haiti rice production, Haiti rice imports
Global Rice Quotes

28
December 5, 2014
December 4th, 2014
Long grain white rice - high quality

Thailand 100% B grade 420-430
Vietnam 5% broken
385-395
India 5% broken
395-405
Pakistan 5% broken
380-390
Cambodia 5% broken
460-470
U.S. 4% broken 540-550
Uruguay 5% broken
595-605
Argentina 5% broken
595-605
Long grain white rice - low quality

Thailand 25% broken
NQ
Vietnam 25% broken
350-360
Pakistan 25% broken
335-345
Cambodia 25% broken NQ
India 25% broken
355-365
U.S. 15% broken
515-525
Long grain parboiled rice

Thailand parboiled 100% stxd
405-415
Pakistan parboiled 5% broken stxd
420-430

28
December 5, 2014
India parboiled 5% broken stxd 380-390
U.S. parboiled 4% broken
580-590
Brazil parboiled 5% broken
570-580
Uruguay parboiled 5% broken NQ
Long grain fragrant rice

Thailand Hommali 92% 915-925
Vietnam Jasmine
515-525
India basmati 2% broken
NQ
Pakistan basmati 2% broken
NQ
Cambodia Phka Malis
825-835
330-340
Vietnam 100% broken 325-335
Brokens
Thailand A1 Super
Pakistan 100% broken stxd
300-310
Cambodia A1 Super
NQ
India 100% Broken stxd 300-310
Egypt medium grain brokens
NQ
U.S. pet food
445-455
Brazil half grain NQ
All prices USD per ton, FOB vessel, oryza.com

28
December 5, 2014
FAO Global Rice Price Index Declines 1%

m/m to 232 Points in November 2014
Dec 04, 2014
he FAO All Rice Price Index declined to around 232 points in November 2014, down about
1.3% from around 235 points in October 2014 due to decline in Higher and Lower Quality Indica
sub-indices as well as Aromatic sub-indices. Japonica sub-index, however, recorded an
increase.Aromatic sub-index witnessed highest decline of about 56 points reaching to around 212
points in November 2014 from around 268 points in October 2014 due to a shift of quotations
from the old to the new rice crops, according to the FAO. Its effect on the overall index was
offset by a 27 point increase in the Japonica sub-index to around 200 points this month from
around 204 points last month. Japonica sub-index increased significantly due to the
reintroduction of the Egyptian medium grain rice price in its computation.
Egyptian rice prices increased substantially compared to those prevailing before imposing
export restrictions in 2013.Higher Quality Indica sub-index declined by about 4 points to around
199 points in November 2014, from around 203 points last month. Lower Quality Indica subindex also declined by about 4 points to around 200 points this month from around 204 points

28
December 5, 2014
last month.
In January - November 2014, the FAO All Rice Price Index averaged 236 points, slightly up
from around 234 points during the same period in 2013. Sub index for higher quality Indica rice
prices declined about 5.5% y/y and sub index for lower quality Indica prices declined about 11%
y/y. Aromatic rice price sub index declined about 2.6% y/y. However, sub index for Japonica
rice prices increased about 15% y/y.
According to the FAO, rice export prices in the Asian origins such as Thailand, Vietnam and
India declined in November 2014 due to ongoing harvests and stiff competition between them.
Export prices of Pakistan non-basmati rice and Uruguay origins strengthened. While export
prices of U.S. rice remained unchanged.Thai 100% broken prices declined about 2.3% m/m to
around $427 per ton; Thai 5% broken prices declined about 2.3% m/m to around $418 per ton;
Thai parboiled rice prices declined about 2.3% m/m to around $420 per ton; Thai 25% broken
prices declined about 2.2% m/m to around $400 per ton and Thai fragrant prices declined about
9% m/m to around $1,062 per ton. Thai A1 Super declined about 2% m/m to around $338 per
ton.
Export prices in Vietnam and India declined about 6% m/m and 2.4% m/m to around $379 per
ton and $362 per ton respectively.Rice export prices in of Pakistan 25% broken rice increased by
about 2% m/m to around $352 per ton, while those in Uruguay increased slightly m/m to around
$600 per ton. However, export prices of the U.S. rice remained unchanged at last year's level of
around $1,000 per ton.
Tags: FAO Rice Price Index, Indica Rice Price Sub-index, Japonica Rice Price Sub-index, Aromatic
rice price index
Oryza U.S. Rough Rice Recap - Sideways

Market Needs Increased Exports to Lift
Prices
Dec 04, 2014
The U.S. cash market continued to trend sideways amid very limited trading. Analysts contend
that despite the recent sales to Iraq it will take a substantial uptick in export demand to lift
prices.In the meantime, the USDA reported that cumulative net export sales for the week ending
on November 27th, totaled 152,500 tons which was considerably higher than last week and the

28
December 5, 2014
prior 4-week average.

Increases reported for the following destinations including: 120,000 tons to Iraq, 24,700 tons to
Japan, 5,400 tons to Guatemala, including 4,400 tons switch from unknown destinations, 1,100
tons switched from El Salvador, and decreases of 500 MT, 4,000 tons Taiwan, and 1,300 tons to
Canada while decreases of 4,400 tons were reported for unknown destinations as well as 1,600
tons for El Salvador.U.S. rice exporters shipped 64,400 tons which was 6% lower than last week
and 11% lower than the prior 4-week average. The primary destinations included: 14,600 tons to
Honduras, 13,800 tons to Mexico, 10,500 tons to Guatemala, 9,400 tons to El Salvador, and
3,100 tons to Costa Rica.
Tags: U.S. rice prices, U.S. rice market
Oryza Overnight Recap - Chicago Rough

Rice Futures Unchanged Overnight as
Market Continues to Drift Sideways
Dec 04, 2014
Chicago rough rice futures for Jan delivery were paused unchanged overnight at $12.140 per cwt
(about $268 per ton) ahead of trading in Chicago. The other grains are seen mostly higher:
soybeans are currently seen 0.7% higher, wheat is listed about 1.1% lower and corn is noted
about 0.7% higher.U.S. stocks futures turned mostly lower on Thursday after U.S. weekly
jobless claims rose more than expected and the European Central Bank held interest rates at
record lows. The number of Americans filing for unemployment benefits declined by 17,000 to
297,000, versus a 295,000 forecast.
The European Central Bank held interest rates unchanged, with investors listening to a news
conference by ECB President Mario Draghi for signals as to when the central bank might add
further stimulus. The Bank of England held its benchmark interest rate at a record low on
Thursday, prompted by feeble wage growth, relatively low inflation and stagnation in the euro
zone. In other news, FOMC members Mester and Brainard will be speaking in Washington
today. Meanwhile in Moscow, Russian President Vladimir Putin delivered his annual
Presidential address to the Federal Assembly, where he accused Western powers of "pure
cynicism" over the crisis in Ukraine.

28
December 5, 2014
In Europe, shares were higher in morning trade ahead of the central bank data and Asian stocks
climbed following record highs overnight after the Federal Reserve's Beige Book indicated
optimism about the economic outlook. Gold is currently trading about 0.2% higher, crude oil is
seen trading about 1.4% lower, and the U.S. dollar is currently trading about 0.5% lower at
8:10am Chicago time.
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market
Overuse of Nitrogen Affects Zinc Absorption

and Indirectly Rice Yield
Dec 04, 2014
The Krishi Vignan Kendra team in Kadapa, south India, lead by Dr Madan Mohan made a few
observations based on their research work on how fertilizers are best used on crops such as rice,
cotton, sunflower, groundnut, chilli and turmeric.
Oryza: What is your advice to rice farmers on usage of fertilizers?
KVK team: It is just another myth that more fertilizers means better paddy yields. There is just
no correlation between the two. Now with the cost of chemicals spiralling up with every passing
day, and the soil steadily losing out on its original fertility, it is time to rethink usage of chemical
fertilizers, in most cases, over-usage of chemicals in the farm. Farmers in Chittoor in
Anantapuram, a town in south India, have practically witnessed and learnt the hard way how the
soil loses its fertility after heavy usage of Nitrogen in their farms.
Oryza: What is wrong in what the farmers did in usage of fertilizers?
KVK team: The Nitrogen residues in the soil had prevented the seepage of Zinc into the soil, thus
drastically affecting the final yield.
Oryza: What are your guidelines to them on doing it the right way?
KVK team: Sound technical research along with good old wisdom has shown that three equal
parts of Nitrogen served during tilling, seeding and germination of the plant and watering it
lightly within 48 hours yields good results. For 50 kg of urea, mix 10 kg of neem powder and set
it aside for 48 hours before applying it to the soil. This will help in judicious absorption of
Nitrogen into the soil. Phosphorous should be used only during tilling stage in hard soils. It
should be applied in two phases - during tilling and during germination if the soil is light and
soft.

28
December 5, 2014
Tags: Rice, rice news, Nitrogen, zinc
Oryza Afternoon Recap - Chicago Rough

Rice Futures Continue to Consolidate as
Strong Exports Provide Little Surprise
Dec 04, 2014
Chicago rough rice futures for Jan delivery settled 2 cents per cwt (about $0.44 per ton) lower at
$12.120 per cwt (about $267 per ton). Rough rice futures continued their pattern of consolidation
noted yesterday, once again charting an inside day. Traders continue to monitor prices for
indication of a breakout of the current pattern but appear to be stepping to the sideline as
indicated by a sharp reduction in trade volume over the past few trading sessions. Although the
current shot-term, multi-session, and medium term, multi week, trends remain bearish the market
appears to have found support around $12.100 per cwt (about $267 per ton) and some market
participants expect that a recovery could be to come.
The other grains closed higher today; Soybeans closed about 1.2% higher at $10.1050 per
bushel; wheat finished a touch higher at $5.9075 per bushel, and corn finished the day about 2%
higher at $3.9075 per bushel.U.S. stocks erased losses and turned mostly positive on Thursday as
investors embraced reports that the European Central Bank's governing council was expected to
consider a broad-based package of quantitative easing at its January meeting. Comments from
Draghi had thrown cold water on hopes the ECB would begin a program of sovereign-debt
purchases called quantitative easing.
The central bank held interest rates at a record low. After a 97-point fall, the Dow Jones
Industrial Average was lately off 4.02 points at 17,908.60. The S&P 500 fell a point to 2,073.37,
with materials the best performing and energy hardest hit of all of its 10 major industry groups in
decline. The Nasdaq rose 2.56 points, or 0.1%, to 4,777.05. Gold is trading about 0.1% lower,
crude oil is seen trading about 0.6% lower, and the U.S. dollar is seen trading about 0.3% lower
at about 1:00pm Chicago time.Wednesday, there were 337 contracts traded, down from 918
contracts traded on Tuesday. Open interest the number of contracts outstanding on
Wednesday decreased by 55 contracts to 10,344.
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market

28
10
December 5, 2014
South Korea Buys 90 Tons of Non-Glutinous

Rice in Tender
Dec 04, 2014
South Korea's state run Agro-Fisheries & Food Trade Corporation (KAFTC) has purchased 90
tons of long-grain milled non-glutinous rice of Thai origin at $1,045 per ton in a tender that
closed on November 25, 2014, according to a notice posted on its website.
Tags: South Korea rice tenders, South Korea rice imports, South Korea Agro-Fisheries Corporation
(KAFTC)
Pakistan Rice Sellers Lower Some of Their

Quotes Today; Other Asia Rice Quotes
Unchanged
Dec 04, 2014
Pakistan rice sellers lowered their quotes for 100% broken rice by about $5 per ton to around
$300 - $310 per ton today. Other Asia rice sellers kept their quotes mostly unchanged.
5% Broken Rice
Thailand 5% rice is quoted at around $405 - $415 per ton, about $20 per ton premium on
Vietnam 5% rice shown at around $385 - $395 per ton. India 5% rice is quoted at around $395 $405 per ton, about $15 per ton premium on Pakistan 5% rice quoted at around $380 - $390 per
ton.
25% Broken Rice
Thailand 25% rice was last quoted at around $350 - $360 per ton, on par with Vietnam 25% rice
shown at around $350 - $360 per ton. India 25% rice is quoted at around $355 - $365, about $20
per ton premium on Pakistan 25% rice quoted at around $335 - $345 per ton.

28
11
December 5, 2014
Parboiled Rice
Thailand parboiled rice is quoted at around $405 - $415 per ton. India parboiled rice is quoted at
around $380 - $390 per ton, about $40 per ton discount to Pakistan parboiled rice quoted at
around $420 - $430 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is quoted at around $330 - $340 per ton, about $5 per ton
premium on Vietnam 100% broken rice shown at around $325 - $335 per ton. India's 100%
broken rice is shown at around $300 - $310 per ton, on par with Pakistan broken sortexed rice
quoted at around $300 - $310 per ton, down about $5 per ton from yesterday.
Tags: pakistan rice prices, Vietnam rice prices, India rice prices, Thailand rice prices
USDA Post Estimates Indonesia to Import

1.225 Million Tons of Rice in MY 2013-14; Up
88% from Last Year
Dec 04, 2014
The USDA Post has estimated Indonesia to import around 1.225 million tons of rice in MY 2013-14
(January 2014 - December 2014), up about 88% from an estimated 650,000 tons in MY 2012-13.
However, the Post has lowered its estimates for Indonesia's imports from the official estimates by about
12.5% from around 1.4 million tons due to an expected decline in premium rice imports by the private
sector following the introduction of new rice import rules earlier this year.
In Indonesia, only the state Logistics Agency Bulog is permitted to import medium-quality rice
while private sector is allowed to import specialty rice (basmati, Thai Hom Mali, and japonica)
as well as 100% broken rice, glutinous rice, and rice for diabetic purposes. The private sector
usually imports about 200,000 - 250,000 tons of speciality rice. The government tightened
import procedures to avert misappropriations and smuggling of rice.

28
12
December 5, 2014
The government wants Bulog to hold at least 2 million tons of rice stocks by the end of this year.
However due to expected decline in production and consequently procurement, it authorized
Bulog to import 500,000 tons of rice, including 300,000 tons of medium quality 25% broken rice
and 200,000 tons of premium quality 5% broken rice. Bulog so far imported 425,000 tons of rice
this year. Bulog targets to procure 3.2 million tons of rice from local farmers.Based on the
forecasts by the Indonesian National Statistics Agency (Badan Pusat Statistik, BPS), the Post
estimates Indonesia's milled rice production at around 36.3 million tons (around 57.16 million
tons, basis paddy), slightly down from an estimated 36.55 million tons (around 57.56 million
tons, basis paddy) and up about 0.8% from USDA's official estimates of about 36 million tons
(around 56.69 million tons, basis paddy).
Indonesia's new President is targeting to achieve self-sufficiency in rice, corn and soybean
production by 2017 and is accordingly planning to build 47 water reservoirs as well as renovate
the existing irrigation canals.

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Exclusive ORYZA E-Newsletter

December 05, 2014

Riceplus Magazine wwww.ricepluss.com

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

FAO Forecasts Higher Rice Imports by Haiti

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Dec 04, 2014

The UN's Food and

Global Rice Quotes

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

December 4th, 2014

Long grain white rice - high quality

U.S. 4% broken 540-550

Long grain white rice - low quality

Vietnam 25% broken

Pakistan 25% broken

Cambodia 25% broken NQ

India 25% broken

U.S. 15% broken

Long grain parboiled rice

Pakistan parboiled 5% broken stxd

Riceplus Magazine wwww.ricepluss.com

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

India parboiled 5% broken stxd 380-390

U.S. parboiled 4% broken

Brazil parboiled 5% broken

Uruguay parboiled 5% broken NQ

Long grain fragrant rice

India basmati 2% broken

Pakistan basmati 2% broken

Cambodia Phka Malis

Vietnam 100% broken 325-335

Pakistan 100% broken stxd

India 100% Broken stxd 300-310

Egypt medium grain brokens

U.S. pet food

Brazil half grain NQ

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

Riceplus Magazine wwww.ricepluss.com

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

FAO Global Rice Price Index Declines 1%

Riceplus Magazine wwww.ricepluss.com

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Oryza U.S. Rough Rice Recap - Sideways

Riceplus Magazine wwww.ricepluss.com

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

prior 4-week average.

Oryza Overnight Recap - Chicago Rough

Riceplus Magazine wwww.ricepluss.com

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Overuse of Nitrogen Affects Zinc Absorption

Riceplus Magazine wwww.ricepluss.com

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Tags: Rice, rice news, Nitrogen, zinc

Oryza Afternoon Recap - Chicago Rough

Riceplus Magazine wwww.ricepluss.com

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

South Korea Buys 90 Tons of Non-Glutinous

Pakistan Rice Sellers Lower Some of Their

Riceplus Magazine wwww.ricepluss.com

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

USDA Post Estimates Indonesia to Import