17th december,2013 daily international rice e newsletter by riceplus magazine

17th December , 2013

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TOP Contents - Tailored for YOU
Latest News Headlines…
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Thailand, Vietnam Rice Sellers Lower Their Quotes Today; Pakistan Rice Sellers Increase Their Quotes
Oryza Quick Glance at World News
Thailand Rice Mortgage Scheme Losses Reach $12 billion for First 2 Years; Losses Likely to Mount
Millers Protest India State Government Rice Purchase Program
Oryza Rice Currency Analysis for Today – India Rupee Up 0.6%
Oryza Afternoon Recap – Chicago Rough Rice Futures Finish Little Changed as Spread Activity Supports
Front Month Contract
Scientists from China Charged with Stealing U.S. Ag Trade Secrets; Chinese Group Visited Rice Research
Center
Croatia Potential Market for U.S. Rice, Says USDA
Oryza Shares - Rice Rental Arrangement Net Return Evaluation Model, Created by U.S. University for
Local Industry
Oryza U.S. Rough Rice Recap – Slightly Weaker Market As Some Sellers Come Off Price Ideas
Oryza Global Rice Quotes

NEWS DETAILS:
Thailand, Vietnam Rice Sellers Lower Their Quotes Today; Pakistan Rice Sellers
Increase Their Quotes
Dec 16, 2013

Thailand rice sellers lowered most of their quotes by about $5 – $10 per ton today. Vietnam rice sellers lowered
their quotes for 25% broken rice by about $5 per ton to about $395 - $405 per ton. Pakistan rice sellers
increased their quotes for 100% broken rice by about $5 per ton to about $325 - $335 per ton. India rice sellers
remained their quotes unchanged today.
5% Broken Rice
Thai 5% rice is quoted around $385 - $4395 per ton, down about $5 per ton from Friday and about a $35 per ton
discount to Viet 5% rice shown around $420 - $430 per ton.
Indian 5% rice is quoted around $405 - $415 per ton, about a $25 per ton premium over Pak 5% rice quoted
around $380 - $390 per ton.
25% Broken Rice

Cell # 92 321 369 2874

Thai 25% rice is quoted about $360 - $370 per ton, down about $5 per ton from Friday and about a $35 per ton
discount to Viet 25% rice shown around $395 - $405 per ton, down about $5 per ton from Friday.
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 $450 - $460 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
Thai broken rice, A1 Super, is quoted around $310 - $320 per ton, down about $10 per ton from Friday about a
$65 per ton discount to Viet broken rice shown around $375 - $385 per ton.
Indian broken sortexed rice is quoted about $305 - $315 per ton, about a $20 per ton discount to Pak broken
sortexed rice quoted around $325 - $335 per ton, up about $5 per ton from Friday.
Tags: Asia rice quotes, Thailand rice quotes, Vietnam rice quotes, India rice quotes, Pakistan rice quotes

Oryza Quick Glance at World News
Dec 16, 2013

Financial Times –
*Michelle Bachelet, Chile’s centre-left former leader, won a landslide victory in a run-off presidential vote on
Sunday, clearing the way for a swing to the left in the OECD country after four years of centre-right rule.
*The EU has halted efforts to revive a landmark integration deal with Ukraine, amid growing doubts any deal
can be done with the country’s president Viktor Yanukovich and his current government.
*Republicans are gearing up for a new fight with President Barack Obama over the need to lift America’s
borrowing limit early next year, raising concerns that the fiscal truce established in last week’s bipartisan
budget deal may be short-lived.
*Royal Bank of Canada, the country’s biggest bank by market capitalization, is considering spinning off parts
of its proprietary trading business in a move that demonstrates the long reach of the new US rule against banks
speculating with their own money.
*Nelson Mandela was finally laid to rest on Sunday after a state funeral that was laced with emotion and
touching personal anecdotes, bringing to a close 10 days of official mourning for the iconic statesman.
*GlaxoSmithKline is seeking to increase its stake in its Indian subsidiary from 50% to 75%, becoming the latest
multinational to deploy cash to ramp up exposure to its Indian unit.
*Japanese companies are signaling caution for the quarter ahead, even as optimism is at its highest level for six
years, buoyed by a weaker yen and consistently strong consumer spending. Forecasts weakened in Monday’s
quarterly “Tankan” survey, and plans for capital expenditure – a tangible barometer of confidence – dipped. The
caution suggests that many executives are worried about the impact of the planned rise in consumption tax next
April.

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*The chairman of JCB has warned that 2013 results will be disappointing because of a sharp slowdown in India,
its largest market by sales, as it joined a parade of global companies who are worried about their prospects in
the BRIC nations.
Wall Street Journal*Japan and Southeast Asian nations signaled they are ready to work more closely together in the face of an
increasingly assertive China, as their leaders met for a weekend summit in which concern about regional
security was a major undercurrent.
*China's leaders reaffirmed their intention to turn urbanization into a powerful engine to drive growth and
remake the economy, saying they would encourage rural residents to move to smaller cities, rather than Beijing,
Shanghai and other megacities.
*The headline index of sentiment among large-manufacturers in Japan rose to plus 16 in the three months to
December, the Bank of Japan's tankan survey showed Monday, bringing good news for Prime Minister Shinzo
Abe as his administration prepares to raise sales taxes in April.
*North Korea named the aunt of Kim Jong Un in a list of senior officials, indicating she remains part of the
regime's inner circle despite a purge of associates of her executed husband, Jang Song Thaek.
*Taiwan's China Airlines and Singapore's Tiger Airways Holdings will set up a budget carrier as Taiwan's
biggest airline by fleet looks to tap into Asia's low-cost aviation market.
*Insurance Australia Group Ltd. agreed to buy the insurance underwriting businesses of Wesfarmers Ltd. for
1.85 billion Australian dollars (US$1.65 billion), betting that premiums will stay strong in a domestic market
that has proved troublesome before.
*A leading Saudi prince demanded a place for his country at talks with Iran, assailing the Obama administration
for working behind Riyadh's back and panning other, recent U.S. steps in the Middle East.
*A Libyan militia leader who has kept many of the country's oil ports closed since July on Sunday said his
group would not reopen them because his demands for greater regional autonomy had not been met.
New York Times*Thailand's main opposition party opened a meeting on Monday to decide whether to take part in a snap
election called by the government to defuse street protests but one senior member said reforms demanded by the
protesters should be implemented first.
*France's Carrefour is buying a portfolio of 127 shopping malls in France, Spain, and Italy from real estate
group Klepierre for 2 billion euros (1.68 billion pounds) in bid to help it revive its flagging European
hypermarkets.
*NPR has amassed nearly $17 million in grants to increase substantially its coverage of education and global
health and development, and finance creation of a new mobile and web platform that is expected to allow it to
reach more listeners and better compete with outside aggregators of public radio content.
*The American International Group is near a deal to sell its big aircraft leasing unit to a competing business,
AerCap Holdings of the Netherlands, for about $5 billion in stock and cash, a person briefed on the matter said
on Sunday.
*Chilean voters handed a landslide victory to Michelle Bachelet on Sunday, returning her to the presidency
amid continuing unease over high levels of inequality in Chile despite an enviable stretch of rapid economic
growth.

Cell # 92 321 369 2874

*Tunisia’s political parties agreed on the selection of a new prime minister late Saturday, breaking months of
political deadlock between the Islamist-led government and secular opposition parties.
Tags: World news

Thailand Rice Mortgage Scheme Losses Reach $12 billion for First 2 Years; Losses
Likely to Mount
Dec 16, 2013

Thailand’s rice mortgage scheme losses for the 2 years from October 2011 – September 2013 stand at 390
billion baht (about $12 billion), the Thailand Finance Ministry announced, citing a subcommittee. The
committee says the figure is equivalent to about 58% of the spending amount for these harvests. Losses are
expected to rise the longer it takes Thailand to sell its rice stocks accumulated under the mortgage
scheme. Meanwhile, farmers have threatened to block roads in protest of not being paid yet for rice pledged
recently under the scheme.
Tags: Thailand rice mortgage scheme

Millers Protest India State Government Rice Purchase Program
Dec 16, 2013

Rice millers in the Indian state of Katnataka are protesting the state government’s plan to buy 500,000 tons of
rice at Rs 2,400 per quintal (about $380 per ton), saying “it’s too tall an order,” according to local
media. Milers are launching a “no-sale, no-purchase” protest today. The rice is procured for the state's Anna
Bhagya scheme, providing subsidized rice for the poor. As Oryza reported last month, India Karnataka State to
Procure Paddy Rice at 22% Above Support Prices, the state government has already planned to buy paddy from
farmers at Rs. 1,600 per quintal (about $253 per ton), about 22% above support prices of around Rs. 1310 a
quintal (about $207 per ton). Millers have been providing the state government 150,000 tons of rice per year for
the last 20 years. However, they say selling the government 500,000 tons is not feasible, though it’s below the
government’s original request for 1.3 million tons when the program was first announced.
Tags: India rice production, india rice milling

Oryza Rice Currency Analysis for Today – India Rupee Up 0.6%
Dec 16, 2013

U.S. dollar index was down -0.19% from the open today, when it traded at 80.059 at the close.
Euro was stronger +0.16% today by the close, trading around 1.3764 by end of day, after trading between an
intraday high of 1.3799 and low of 1.3727. Firm industrial data out of Europe helped drive the euro higher.
Thai baht was stronger +0.16%, trading at 32.010 at the close of business.

Cell # 92 321 369 2874

Indian rupee was +0.61% stronger, trading at 61.7500.
Brazilian real was +0.08% stronger than the open at today’s close, when it ended at 2.3284 reais per dollar.
Pakistan rupee was -0.03% weaker at 107.2200.
Vietnamese dong was virtually unchanged at 21108.
Mexican peso was -0.47% weaker today, when it traded at 12.9444 pesos per dollar by the close of business
today.
Chinese yuan was -0.01% weaker at 6.0722.
Argentine peso was -0.40% weaker at 6.3147 pesos per dollar.
Tags: foreign exchange rates

Oryza Afternoon Recap – Chicago Rough Rice Futures Finish Little Changed as
Spread Activity Supports Front Month Contract
Dec 16, 2013

Chicago rough rice futures for January delivery settled 0.5 cents per cwt (about $0.11 per ton) higher at $15.550
per cwt (about $343 per ton). Rough rice futures were little changed as the front month contract continues to
find support from traders looking to roll short positions forward. A lack of registered warehouse receipts has put
the pressure on those who are short and causing them to pay up to roll their positions into the March contract.
The other grains were mixed with soy products trading higher while corn and wheat were softer on the day;
soybeans finished the day about 0.8% higher at $13.3775 per bushel; wheat finished about 1.1% lower at
$6.2175 per bushel; and corn finished the day about 0.5% lower at $4.2325 per bushel.U.S. stocks surged on
Monday, with the Dow and the S&P 500 bouncing back from two consecutive weekly declines, as Wall Street
tried to measure what's ahead for monetary stimulus one day ahead of a two-day Federal Reserve meeting. The
Dow Jones Industrial Average rallied. After falling 1.7% last week, its largest drop since the end of August, the
S&P 500 gained, with energy and telecommunications leading a broad rally that had all 10 of its major industry
groups rising.
The Nasdaq also rose. U.S. stock markets are currently trading about 1% higher, gold is trading about 0.7%
higher, crude oil is seen trading about 0.9% higher, and the U.S. dollar is seen trading about 0.2% lower at
about 2:00pm Chicago time.Friday, there were 1,339 contracts traded, up from 571 contracts traded on
Thursday. Open interest – the number of contracts outstanding – on Friday decreased by 112 contracts to 7,527.

Cell # 92 321 369 2874

Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market

Scientists from China Charged with Stealing U.S. Ag Trade Secrets; Chinese Group
Visited Rice Research Center
Dec 16, 2013

Two Chinese scientists are charged with attempting to steal agriculture trade secrets, the U.S. Attorney of the
State of Kansas said.The scientists had reportedly stolen patented seeds and had attempted to smuggle the seeds
back to China in luggage of visitors from China preparing to board a plane home. While visiting the U.S. in
August 2013, the group of Chinese had visited ag facilities and universities across the U.S., including the Dale
Bumpers National Rice Research Center in the major U.S. rice producing state of Arkansas. Seeds were also
found at one of the scientist’s residence.If found guilty in the court of law and convicted, the two scientists face
punishment of 10 years in federal prison and a fine of up to $250,000.
Tags: chinese rice production, U.S. rice production, ag trade secrets, ag trade theft

Croatia Potential Market for U.S. Rice, Says USDA
Dec 16, 2013

Croatia imports a lot of its food and growing tourism makes it a “potential market for certain U.S. food
products, such as seafood, pet food, wine, tree nuts, and rice,” according to a USDA report. Right now, Croatia
imports most of its food from neighboring EU (European Union) countries but reforms as a result of the EU
accession process could open the country to more U.S. food imports. “EU membership may make it less
expensive to source U.S. products from another member state hub.” Croatia produces no rice so it imports from
other EU member states. Croatia joined the EU in July 2013.In 2012, Croatia imported about 10,474 tons of
rice valued at about $10 million (suggesting a value of about $954 per ton). Rice imports have grown 3%
annually in the last five years.Most Croatia food importers speak English but are not familiar with U.S. goods
and have no understanding of U.S. quality, according to the report.
Tags: croatia rice imports, U.S. Rice exports

Oryza Shares - Rice Rental Arrangement Net Return Evaluation Model, Created by
U.S. University for Local Industry
Created by Louisiana State University (LSU), “The Rice Rental Arrangement Net Return Evaluation Model is
a spreadsheet-based decision tool developed to assist Louisiana rice producers in evaluating the impacts of
alternative cropland rental arrangements on projected net returns above specified rice production costs from the
perspective of both the rice producer and the landowner.”Visit the following link to download the Excel

Cell # 92 321 369 2874

file: http://www.lsuagcenter.com/en/crops_livestock/crops/rice/economics/Rice-Rental-Arrangement-NetReturn-Evaluation-Model.htm
Tags: U.S. rice prodution, Louisiana State University (LSU), rice rental arrangement net return evaluation model

Oryza U.S. Rough Rice Recap – Slightly Weaker Market As Some Sellers Come Off
Price Ideas
Dec 16, 2013

The U.S. cash market was slightly weaker today after some sellers came off of their price ideas to make a trade.
Analysts suggest that the amount of selling at lower levels will likely be limited to those who need to sell and
move their rice before the end of the year.As of today, offers could still be found around $15.65-$16.66 per fob
farm (about $345-$367 per ton), depending on where they are located in the U.S. mid-South and how quickly
they could ship.Bids from larger mills held steady near $15.00 per cwt (about $331 per ton) while bids from
exporters were unchanged near $15.25 per cwt (about $336 per ton), both for December through January
delivery, although there were reports of rice trading as low as as $15.55 per cwt (about $343 per ton) for prompt
delivery.
Tags: U.S. rice prices, U.S. rice market

Oryza Global Rice Quotes
December 16th, 2013
Long grain white rice - high quality
Thailand 100% B grade
395-405
Vietnam 5% broken 420-430
↔
India 5% broken
405-415
↔
Pakistan 5% broken 380-390
↔
Cambodia 5% broken 455-465
↔
U.S. 4% broken
585-595
↔
Uruguay 5% broken 625-635
↔
Argentina 5% broken 625-635
↔
Long grain white rice - low quality
Thailand 25% broken 360-370
↓
Vietnam 25% broken 395-405
↓
Pakistan 25% broken 340-350
↔
Cambodia 25% broken
430-440

↓

↔

Cell # 92 321 369 2874

India 25% broken
U.S. 15% broken

370-380
565-575

↔
↔

Long grain parboiled rice
Thailand parboiled 100% stxd
450-460
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
615-625
↔
India basmati 2% broken
1515 -1525
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Malis 905-915
↔
Brokens
Thailand A1 Super
310-320
↓
Vietnam 100% broken
375-385
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%

620-630
NQ ↔

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↔

↔
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↔
↑
↔

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

For Advertising SPECS & RATES
Contact: Advertising Department
Mujahid Ali
mujahid.riceplus@gmail.com
+92 321 369 2874

Cell # 92 321 369 2874

17th december,2013 daily international rice e newsletter by riceplus magazine

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17th december,2013 daily international rice e newsletter by riceplus magazine