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December 5, 2014

December 5, 2014 www.ricepluss.comm Daily Exclusive ORYZA E-Newsletter DAILY EXCLUSIVE ORYZA E-NEWSLETTER Compiled

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Daily Exclusive ORYZA E-Newsletter

DAILY EXCLUSIVE ORYZA

E-NEWSLETTER

Compiled & Edited by Riceplus Magazine

December 05,

2014

Vol 4 Issue XI

Edited by Riceplus Magazine December 05, 2014 Vol 4 Issue XI 28 Riceplus Magazine wwww.ricepluss.com
Edited by Riceplus Magazine December 05, 2014 Vol 4 Issue XI 28 Riceplus Magazine wwww.ricepluss.com

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December 5, 2014

December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

DAILY EXCLUSIVE ORYZA E-NEWSLETTER
December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER
December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER
December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER News Headlines…  FAO Forecasts Higher Rice Imports by
December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER News Headlines…  FAO Forecasts Higher Rice Imports by

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

Tons of Rice in MY 2013-14; Up 88% from Last Year  News Detail … FAO
Tons of Rice in MY 2013-14; Up 88% from Last Year  News Detail … FAO

News Detail

FAO Forecasts Higher Rice Imports by Haiti in 2014-15

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December 5, 2014

December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

DAILY EXCLUSIVE ORYZA E-NEWSLETTER
December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER
December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Dec 04, 2014

5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER Dec 04, 2014 The UN's Food and Agriculture Organization (FAO)

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.

up about 7% from around 658,879 tons imported last year. 2014. The FAO estimates Haiti 2014
up about 7% from around 658,879 tons imported last year. 2014. The FAO estimates Haiti 2014

2014.

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

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.

Global Rice Quotes

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December 5, 2014

December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

DAILY EXCLUSIVE ORYZA E-NEWSLETTER
December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER
December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER

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

595-605 ↔ Argentina 5% broken 595-605 ↔ Long grain white rice - low quality Thailand 25%
Long grain white rice - low quality Thailand 25% broken NQ ↔ Vietnam 25% broken
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

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December 5, 2014

December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

DAILY EXCLUSIVE ORYZA E-NEWSLETTER
December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER
December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER
India parboiled 5% broken stxd 380-390 ↔ U.S. parboiled 4% broken 580-590 ↔ Brazil parboiled
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
Brokens
Thailand A1 Super 330-340 ↔ Vietnam 100% broken 325-335 ↔ Pakistan 100% broken stxd 300-310
Thailand A1 Super
330-340
Vietnam 100% broken
325-335
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

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December 5, 2014

December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

DAILY EXCLUSIVE ORYZA E-NEWSLETTER
December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER
December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER

FAO Global Rice Price Index Declines 1% m/m to 232 Points in November 2014

Dec 04, 2014

Declines 1% m/m to 232 Points in November 2014 Dec 04, 2014 he FAO All Rice
Declines 1% m/m to 232 Points in November 2014 Dec 04, 2014 he FAO All Rice

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 sub- index also declined by about 4 points to around 200 points this month from around 204 points

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December 5, 2014

December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

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December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER
December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER

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.

sub index for Japonica rice prices increased about 15% y/y. According to the FAO, rice export

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.

unchanged at last year's level of around $1,000 per ton. Dec 04, 2014 Tags: FAO Rice

Dec 04, 2014

Oryza U.S. Rough Rice Recap - Sideways Market Needs Increased Exports to Lift Prices

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

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December 5, 2014

December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

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December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER
December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER

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.

9,400 tons to El Salvador, and 3,100 tons to Costa Rica. Tags: U.S. rice prices ,

Oryza Overnight Recap - Chicago Rough Rice Futures Unchanged Overnight as Market Continues to Drift Sideways

Unchanged Overnight as Market Continues to Drift Sideways Dec 04, 2014 Chicago rough rice futures for
Unchanged Overnight as Market Continues to Drift Sideways Dec 04, 2014 Chicago rough rice futures for
Unchanged Overnight as Market Continues to Drift Sideways Dec 04, 2014 Chicago rough rice futures for

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.

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December 5, 2014

December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

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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.

rice futures , U.S. rice prices , U.S. rice market Overuse of Nitrogen Affects Zinc Absorption

Overuse of Nitrogen Affects Zinc Absorption and Indirectly Rice Yield

Nitrogen Affects Zinc Absorption and Indirectly Rice Yield Dec 04, 2014 The Krishi Vignan Kendra team
Nitrogen Affects Zinc Absorption and Indirectly Rice Yield Dec 04, 2014 The Krishi Vignan Kendra team

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.

its fertility after heavy usage of Nitrogen in their farms. Oryza: What is wrong in what

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.

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December 5, 2014

December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

DAILY EXCLUSIVE ORYZA E-NEWSLETTER
December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER
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Oryza Afternoon Recap - Chicago Rough Rice Futures Continue to Consolidate as Strong Exports Provide Little Surprise

to Consolidate as Strong Exports Provide Little Surprise Dec 04, 2014 Chicago rough rice futures for

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.

of sovereign-debt purchases called quantitative easing. The central bank held interest rates at a record low.

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.

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December 5, 2014

December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

DAILY EXCLUSIVE ORYZA E-NEWSLETTER
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South Korea Buys 90 Tons of Non-Glutinous Rice in Tender

Dec 04, 2014

Buys 90 Tons of Non - Glutinous Rice in Tender Dec 04, 2014 South Korea's state

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.

Pakistan Rice Sellers Lower Some of Their Quotes Today; Other Asia Rice Quotes Unchanged

Some of Their Quotes Today; Other Asia Rice Quotes Unchanged Dec 04, 2014 Pakistan rice sellers

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.

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December 5, 2014

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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

rice quoted at around $420 - $430 per ton. 100% Broken Rice Thailand broken rice, A1

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.

USDA Post Estimates Indonesia to Import 1.225 Million Tons of Rice in MY 2013-14; Up 88% from Last Year

Million Tons of Rice in MY 2013 - 14; Up 88% from Last Year Dec 04,

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.

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December 5, 2014

December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

DAILY EXCLUSIVE ORYZA E-NEWSLETTER
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December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER
December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER The government wants Bulog to hold at least 2
December 5, 2014 DAILY EXCLUSIVE ORYZA E-NEWSLETTER The government wants Bulog to hold at least 2

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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