22nd July, 2015 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

www.riceplusmagazine.blogspot.com & www.ricepluss.
com
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July 22 2015
Vol 5 ,Issue VII
Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

News are published with permission of ORYZA.com
Page 1
www.riceplusmagazine.blogspot.com & www.ricepluss.com

Global Rice Quotes

July 22nd, 2015
Long grain white rice - high quality
Thailand 100% B grade 390-400
Vietnam 5% broken
345-355
India 5% broken
385-395
Pakistan 5% broken
370-380
Myanmar 5% broken
400-410
Cambodia 5% broken
425-435
U.S. 4% broken 470-480
Uruguay 5% broken
535-545
Argentina 5% broken
530-540
Long grain white rice - low quality

Thailand 25% broken
360-370
Vietnam 25% broken
325-335
Pakistan 25% broken
330-340
Cambodia 25% broken 410-420
India 25% broken
350-360
U.S. 15% broken
445-455
Long grain parboiled rice

Thailand parboiled 100% stxd
390-400
Pakistan parboiled 5% broken stxd
415-425
India parboiled 5% broken stxd 380-390

Page 2

U.S. parboiled 4% broken
555-565
Brazil parboiled 5% broken
545-555
Uruguay parboiled 5% broken NQ
Long grain fragrant rice

Thailand Hommali 92% 855-865
Vietnam Jasmine
485-495
India basmati 2% broken
NQ
Pakistan basmati 2% broken
NQ
Cambodia Phka Mails
835-845
320-320
Vietnam 100% broken 315-325
Brokens
Thailand A1 Super
Pakistan 100% broken stxd

Cambodia A1 Super
285-295
350-360
India 100% broken stxd 305-315
Egypt medium grain brokens
NQ
U.S. pet food
325-335
Brazil half grain NQ
All prices USD per ton, FOB vessel, oryza.com
Drought, Sluggish World Economy Threatening Thai

Rice Exports, Say Exporters
Jul 21, 2015

Page 3

The Thai Rice Exporters Association (TREA) is expecting this year's rice exports to be lower than
their target of 10 million tons due to extending drought conditions and sluggish world economy,
according to local sources.
The President of the TREA told local sources that they are expecting Thailand to export around 9.5
million tons of rice this year, including 4.8 million tons of white rice, 2.2 million tons of Hom Mali
fragrant rice, 200,000 tons of glutinous rice and 100,000 tons of Pathum Thani fragrant rice.
The 5% cut in expected export is due to a prolonged drought that curtailed 2015 second crop
production and delayed main crop planting, he said. Lack of demand from most of the importing
nations is also understood to be impacting Thai rice exports.
The TREA President also noted that drought conditions may continue for next one year and a
decline in global economy would further impact Thai rice exports. He suggested that the government
should focus more on quickly releasing the government rice stocks to meet the market demand.
The TREA President also noted that the paddy output from the 2015 main crop would decline by
about 10% or by about 3 million tons to around 24 million tons due to drought. However, he

Page 4

expressed optimism that a decline in supplies would push up Thai rice prices, which have reached
their lowest levels since seven years due to excess stocks, lack of demand and stiff competition from
India and Vietnam. Currently, Thai 5% broken rice is quoting at around $390 per ton.
Earlier this month, the Agriculture Ministry has estimated that about 1.4 million rai (around 560,000
hectares) of rice fields are affected by drought. The Office of Agricultural Economics (OAE) has
estimated that the output from 2015 main rice crop, which contributes to around 70% of the country's
total rice output, to decline about 14% to around 23.3 million tons from around 27.1 million tons last
year.
Meanwhile, the National Disaster Warning Center noted that drought conditions in most parts of the
country are over and the wet season in underway, but the country still faces water shirtsupplies. "The drought situation is over as we saw rainfall consecutively over the past week.
However, there are seven provinces, mostly in the north, that are experiencing no rainfall still,"
Reuters quoted the Deputy Director-General of Thailand's Department of Disaster Prevention and
Mitigation. He noted that an emergency fund in these provinces would help address the water
shortages as well as support for the implementation of short-term relief measures.
Seperately, the Agriculture Minister also announced that the government would release some water
from dams to help farmers who have already planted their crops
High Input Costs, Low Crop Prices Reducing Export

Competitiveness of Pakistan Rice, Say Experts
Jul 21, 2015
Pakistan rice sector is currently facing excess stocks problem as its exports have been impacted by
a stiff competition from other rice exporting nations such as Thailand, India and Vietnam; falling
global rice prices and low demand from rice importing countries.
Experts say Pakistan's rice stocks have been increasing for the last couple of years as the country
has not been able to increase exports significantly. Meanwhile, increased production is adding to the
surplus rice stocks. Currently, Pakistan is said to have around 600,000 tons of basmati stocks and
traders are expecting to add another 400,000 tons this year taking the stock level to about one
million tons by the end of this year. The situation is leading to unnecessary increase in stock
maintenance costs as well.

Page 5

The inherent reason for Pakistan's failure in increasing exports is that input costs borne by rice
farmers is much high compared to the prices they get. For instance, farmers spend about Rs.67,200
per acre (around $1,650 per hectare) but get only Rs.36,000 per acre (around $880 per hectare),
according to local sources. Farmers' incomes are severely impacted due to this huge gap, according
to an article in Dawn.com.
According to the article, experts are urging the government to urgently address the issue as it has
also been making Pakistani rice uncompetitive in the international market. Falling global rice prices
are adding to the troubles of Pakistan rice sector, they say. They also stressed that if the situation
continues for long, farmers may lose interest in cultivating the crop leading to food security in the
country.
They noted that the government could help farmers reduce their production input costs by cutting
down billions of subsidies, which have not been benefiting small farmers. It should help them to
increase competitiveness of Pakistani rice in the global market by modifying its monetary and fiscal
policies accordingly.

Page 6

Oryza Afternoon Recap - Chicago Rough Rice

Futures Bounce Back Above $11.000 per cwt on
Outside Support
Jul 21, 2015
Chicago rough rice futures for Sep delivery settled 11.5 cents per cwt (about $3 per ton) higher at
$11.005 per cwt (about $243 per ton). The other grains finished the day mostly higher; Soybeans
closed about 0.5% higher at $10.0475 per bushel; wheat finished about 1.5% lower at $5.2475 per
bushel, and corn finished the day about 0.4% higher at $4.1725 per bushel.
U.S. stocks traded mostly lower on Tuesday as investors reacted to lackluster earnings reports in
some Dow components. Earnings so far have mostly beat expectations. Google surged more than
16% on Friday to push the Nasdaq to a record high. The tech and biotech-heavy index ended at
another record on Monday. No economic data is due Tuesday. The only reports expected for the
week are in the housing market, with the FHFA home prices and existing home sales scheduled for
Wednesday. Commodities remained in focus, with gold struggling to hold above $1,100 an ounce
after falling below that psychologically key level to a five-year low on Monday. European stocks
closed lower, with the DAX off more than 1 percent, as investors focused on earnings. Greece's
stock exchange remained closed, while the local banks reopened on Monday for the first time in
three weeks. The Dow Jones Industrial Average traded down 196 points, or 1.09%, at 17,903. The
S&P 500 traded down 8 points, or 0.39%, at 2,120, with telecommunications leading nine sectors
lower and energy the only advancer. The Nasdaq traded down 9 points, or 0.19%, at 5,209. Gold is
trading about 0.4% lower, crude oil is seen trading about 0.4% higher, and the U.S. dollar is seen
trading at about 0.8% lower at about 1:00pm Chicago time.
Monday, there were 474 contracts traded, down from 701 contracts traded on Friday. Open interest
the number of contracts outstanding on Monday increased by 69 contracts to 8,690.
Oryza Overnight Recap Chicago Rough Rice Futures

Silent Overnight as Traders Look for Change in
Fundamental Demand
Jul 21, 2015

Page 7

Chicago rough rice futures for Sep delivery are currently seen paused 2 cents per cwt (about $0.44
per ton) higher at $10.910 per cwt (about $241 per ton) ahead of floor trading in Chicago. The other
grains are seen trading mixed this morning; soybeans are currently seen trading about 0.2% higher,
wheat is listed about 0.8% lower and corn is currently noted about 0.5% lower.
U.S. stock index futures indicated a flat to lower open on Tuesday, as the second-quarter earnings
season gets into full swing with the likes of Apple, Microsoft and Yahoo reporting this session.
Volatility in commodity markets is also likely to get some attention, with U.S. oil prices slipping back
below the $50-a-barrel mark on the back of a stronger dollar and worries about a supply glut. U.S.
stocks closed mildly higher on Monday, with the tech-heavy Nasdaq hitting another record high. In
Europe, regional stock markets gave up early gains and moved into negative territory and Asian
shares ended the day higher. Gold is currently trading about 0.4% lower, crude oil is seen trading
about 0.6% higher, and the U.S. dollar is currently trading about 0.2% lower at 8:15am Chicago
time.
Ecuador Winter Rice Output Expected to Increase on

Higher Acreage, Says BCE
Jul 21, 2015
Ecuador's winter rice crop (December - June) output is expected to increase about 3% y/y due to an
increase in the acreage by about 3% y/y, local sources quoted a report by the Central Bank of
Ecuador (BCE).
The Bank based its analysis on a survey of rice farmers in the provinces of Manabi, Guayas, Los
Ros, Loja, El Oro and Caar. While 15% of surveyed farmers said the rice acreage was higher from
last year, 76% said it was same as last year and 9% of said it was lower from last year's.
When asked about investment in this year's winter crop, about 54% of surveyed farmers said they
invested more compared to last year, 19% said they maintained last year's level of investment and
27% said they made no investment this year.
The Bank expects an increase in the winter rice crop harvest, which declined for three consecutive
years. The South American nation's 2014 winter rice output declined by about 8% y/y while the area
sown to the crop declined about 2% y/y.
Ecuador has been self-sufficient in rice production for the last two years, according to USDA.

Page 8

The UN's Food and Agriculture Organization (FAO) estimates 2015 paddy rice production at around
1.23 million tons (around 774,900 tons, basis milled), up about 5% from 1.17 million tons (around
737,100 tons, basis milled) last year due to an expected increase in plantings.
USDA estimates Ecuador's MY 2015-16 (April - March) paddy production at around 1.26 million tons
(around 794,000 tons, basis milled), up about 3% from an estimated 1.225 million tons (around
772,000 tons, basis milled) in MY 2014-15.
Philippines Traders May Not Import All 805,200 Tons

of Rice Under WTO MAV Quota, Says NFA Official
Jul 21, 2015

Page 9

Private rice traders in the Philippines are reportedly showing interest to import rice from only
Thailand and Vietnam, while they are also permitted to imports from China, Australia, India and
Pakistan, according to Reuters.
The Philippines' National Food Authority (NFA) has allowed private traders to import around 805,200
tons of 25% broken rice at 35% tariff under the WTO Minimum Access Volume (MAV) country
specific quota (CSQ) before November 30, 2015.

Page 10

Under the quota, Philippines traders can import up to 293,100 tons each from Thailand and Vietnam;
up to 50,000 tons each from China, India and Pakistan; 15,000 tons from El Salvador and the rest
from other countries.
However, so far the private traders have applied to import only 300,000 tons of rice from Thailand
and Vietnam, Reuters quoted a NFA official. A Manager at NFA's Grains Marketing Operations
Department added that considering the pace and trend of import applications so far, it is likely that
the entire volume may not be imported. Traders can apply till July 30, 2015.
The NFA has decided to import 750,000 tons of rice (200,000 tons from Thailand and 550,000 tons
from Vietnam) under government-to-government deals in 2015 to ensure adequate stocks in the
lean season (June September). It is authorized to import another 250,000 tons if need arises.
But, local sources quoted officials from the Department of Agriculture that the Food Security
Committee (FSC) may not approve the additional importation of the 250,000 tons as there is an
oversupply of stocks currently in the country. "the market is flooded with rice despite the prevailing
lean season for paddy production," a DA official told Reuters.
The country's Food Security Chief, however, said a decision on additional imports may be taken
after receiving projections on the last quarter harvests. The NFA Administrator said there is no
oversupply of rice, but sales of NFA rice slowed down due to a decline in commercial prices. He
noted that the present stocks are in accordance with the mandate to maintain 15 days buffer stocks
in normal months and 30 days buffer stocks during lean months.
Thailand, Vietnam, India Rice Sellers Increase Some

of Their Quotes Today
Jul 21, 2015
Thailand rice sellers increased their quotes for Hommali rice by about $25 per ton to around $855$865 per ton today. Vietnam rice sellers increased their quotes for 5% broken rice and $100 broken
rice by about $5 per ton each to around $345-$355 and $315-$325 per ton respectively. India rice
sellers increased their quotes for 100% broken rice by about $10 per ton to around $305-$315 per
ton. Pakistan rice sellers are out today due to a national
holiday.
5% Broken Rice

Page 11

Thailand 5% rice is indicated at around $385 - $395 per ton, about $40 per ton premium on Vietnam
5% rice shown at around $345 - $355 per ton, up about $5 per ton from yesterday. India 5% rice is
indicated at around $385 - $395 per ton, about $15 per ton premium on Pakistan 5% rice was last
shown at around $370 - $380 per ton.
25% Broken Rice
Thailand 25% rice is shown at around $360 - $370 per ton, about $35 per ton premium on Vietnam
25% rice shown at around $325- $335 per ton. India 25% rice is indicated at around $350 - $360,
about $20 per ton premium on Pakistan 25% rice was last shown at around $330 - $340 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $395 - $405 per ton. India parboiled rice is indicated at
around $380- $390 per ton, about $35 per ton discount to Pakistan parboiled rice was last shown at
around $415 - $425 per
ton.
100% Broken Rice
Thailand broken rice, A1 Super, is indicated at around $320 - $330 per ton, about $5 per ton from
premium on Vietnam 100% broken rice shown at around $315 - $325 per ton, up about $5 per ton from
yesterday. India's 100% broken rice is shown at around $305 - $315 per ton, up about $10 per ton from
yesterday and about $20 per ton premium on Pakistan broken sortexed rice last shown at around $285 $295 per ton
Thailand Prepares to Auction 1.29 Million Tons of

Spoilt Rice by End of July
Jul 21, 2015
The Thai Commerce Ministry is planning to auction about 1.29 million tons of spoilt rice for industrial
sectors by the end of July, according to Reuters.
The Commerce Minister told reporters that as on June 30, 2015, the government stocks consisted of
a total of 15.11 million tons of rice and the rice is divided into three groups.

Page 12

The first group comprises 9.15 million tons of edible rice, including 1.82 million tons of grade A and B
rice, and 7.33 million tons of grade A and B rice mixed with grade C rice. The second group consists
of 5.89 million tons of grade C rice, including 4.6 million tons of degradable rice and 1.29 million tons
of inedible rice which is now crumbling to powder. The third group consists if about 70,000 tons of
rice, which is yet to categorized.
The Minister noted that the 1.29 million tons of powdery rice will be sold in two or three auctions for
bio-fuel as well as ethanol producers. The price of the spoilt rice will be reportedly set by a working
group later, according to the Commerce Permanent Secretary.
She also noted that 4.6 million tons of C grade rice will be checked whether it is contaminated with
fungus or not. The contaminated rice would be sold to ethanol producers or biomass power plants. If
there is no contamination, the Ministry would improve the quality and sell it the stock feed industry.
She also added that the Ministry would monitor the delivery of the rice to the designated destinations
and ensure that the rice is being used for the said purpose.
The Thai government is estimating losses from selling the stockpiled rice at around 100 billion baht
(around $2.93 billion), said the Minster

Page 13

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Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

www.riceplusmagazine.blogspot.com & www.ricepluss.com

Global Rice Quotes

U.S. 4% broken 470-480

Long grain white rice - low quality

Vietnam 25% broken

Pakistan 25% broken

Cambodia 25% broken 410-420

India 25% broken

U.S. 15% broken

Long grain parboiled rice

Pakistan parboiled 5% broken stxd

India parboiled 5% broken stxd 380-390

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

www.riceplusmagazine.blogspot.com & www.ricepluss.com

Brazil parboiled 5% broken

Uruguay parboiled 5% broken NQ

Long grain fragrant rice

India basmati 2% broken

Pakistan basmati 2% broken

Cambodia Phka Mails

Vietnam 100% broken 315-325

Pakistan 100% broken stxd

India 100% broken stxd 305-315

Egypt medium grain brokens

U.S. pet food

Brazil half grain NQ

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

Drought, Sluggish World Economy Threatening Thai

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

www.riceplusmagazine.blogspot.com & www.ricepluss.com

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

www.riceplusmagazine.blogspot.com & www.ricepluss.com

High Input Costs, Low Crop Prices Reducing Export

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

www.riceplusmagazine.blogspot.com & www.ricepluss.com

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

www.riceplusmagazine.blogspot.com & www.ricepluss.com

Oryza Afternoon Recap - Chicago Rough Rice

Oryza Overnight Recap Chicago Rough Rice Futures

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

www.riceplusmagazine.blogspot.com & www.ricepluss.com

Ecuador Winter Rice Output Expected to Increase on

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

www.riceplusmagazine.blogspot.com & www.ricepluss.com

Philippines Traders May Not Import All 805,200 Tons

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

www.riceplusmagazine.blogspot.com & www.ricepluss.com

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

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Thailand, Vietnam, India Rice Sellers Increase Some

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

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100% Broken Rice

Thailand Prepares to Auction 1.29 Million Tons of

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

www.riceplusmagazine.blogspot.com & www.ricepluss.com

Daily Exclusive ORYZA Rice e-Newsletter by Riceplus Magazine

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