10th september,2015 daily exclusive oryza rice e newsletter by riceplus magazine

Daily Exclusive ORYZA Rice E-Newsletter Page 1 of 11

10th September, 2015

Vol 5.Issue XIII

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Global Rice Quotes September 9th, 2015 Long grain white rice - high quality Thailand 100% B grade 355-365

↔

Vietnam 5% broken

320-330

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India 5% broken

365-375

↔

Pakistan 5% broken

315-325

↔

Myanmar 5% broken

415-425

↔

Cambodia 5% broken

420-430

↔

U.S. 4% broken 530-540

↔

Uruguay 5% broken

535-545

↔

Argentina 5% broken

530-540

↔

Long grain white rice - low quality Thailand 25% broken

330-340

↔

Vietnam 25% broken

315-325

↔

Pakistan 25% broken

290-300

↔

Cambodia 25% broken 405-415

↔

India 25% broken

340-350

↑

U.S. 15% broken

500-510

↔

Long grain parboiled rice Thailand parboiled 100% stxd

350-360

↔

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Page 3 of 11 Pakistan parboiled 5% broken stxd

415-425

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India parboiled 5% broken stxd 355-365

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U.S. parboiled 4% broken

570-580

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Brazil parboiled 5% broken

545-555

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Uruguay parboiled 5% broken NQ

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Long grain fragrant rice Thailand Hommali 92% 810-820

↔

Vietnam Jasmine

↔

450-460

India basmati 2% broken

NQ

↔

Pakistan basmati 2% broken

NQ

↔

Cambodia Phka Mails

830-840

↔

305-315

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Vietnam 100% broken 310-320

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Brokens Thailand A1 Super

Pakistan 100% broken stxd Cambodia A1 Super

275-285

355-365

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India 100% broken stxd 300-310

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Egypt medium grain brokens

NQ

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U.S. pet food

↔

335-345

Brazil half grain NQ

↔

↔

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Page 4 of 11 All prices USD per ton, FOB vessel, oryza.com

Philippines Issues Tender to Import Another 750,000 Tons of Rice Sep 09, 2015

The Philippines' National Food Authority (NFA) today issued a tender to import another 750,000 tons in addition to the 1.8 million tons already planned to be imported this year as part of efforts to prepare for the intensifying El Nino, according to Reuters.

The NFA is seeking offers from the governments of Vietnam, Thailand and Cambodia for the supply of 25% broken well-milled rice before September 17, 2015. The state grains agency is seeking delivery of the first 250,000 tons of rice before the year end and the remaining 500,000 tons in the first quarter of 2016.

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The agency is keen on maintaining buffer stocks in anticipation of an intensifying El Nino, which is likely to cut down rice production in the country. “There is no better option than being prepared,” the NFA reportedly said in a statement. “Drought due to El Nino is predicted to intensify beginning October and will last until May 2016,” it added.

The local weather bureau cautioned that the El Nino event could be as severe as the 1997-98 event, which reduced the Philippines' rice harvest by nearly 24%. It also cautioned that the current event could be one of the strongest events since 1950.

Extra purchases by the Philippines are expected to increase rice export prices in Asia, which have fallen in recent months.

U.S. Researcher Experiments with Rice Growing in Wisconsin Sep 09, 2015 U

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While, Arkansas, California, Texas, Mississippi and Louisiana are the main rice growing states in the U.S., a Marquette University researcher proved that rice could be grown in Wisconsin state in the U.S. Midwest region, according to www.wgbhnews.org.

The researcher Michael Schl채ppi successfully grew a Russian rice variety called 'Krasnodarsky 3352' in his lab and field. He fixed on the variety after stress-testing around 200 rice varieties from various countries to know whether they would be suitable to the Wisconsin weather. He tested them in various climatic conditions.

He began planting seedlings on the rooftop in April this year and a month later shifted the germinated seedlings to a field in about one-third acre. Throughout the summer he observed that the rice crop survived well and is now ready for harvest. He is expecting a yield of around 8,000 pounds per acre (9 tons per hectare).

With the success of the experiment, the researcher is planning to extend the experiment to one acre land. The 'Krasnodarsky 3352' variety is made for Wisconsin, he told reporters.

Indian Basmati Rice Exporters Struggle to Cope with Oversupply and Lower Prices Ahead of 2015 Harvest Sep 09, 2015

Indian basmati rice exporters are concerned of oversupply of stocks from the kharif 2014 crop, falling prices and lower demand ahead of the harvest of the kharif 2015 crop, which is likely to begin from the end of September, according to local sources.

According to data from the Agricultural and Processed Food Products Exports Development Authority (APEDA), export prices of basmati rice have declined to around $950-1,000 per ton this year, down about 18% from around 1,220 per ton last year. The prices are said to have fallen due to excess supplies.

Basmati rice farmers had increased acreage of basmati in 2014 kharif season to around 2.13 million hectares from around 1.8 million hectares in 2013 in anticipation of higher prices based on higher returns received for the 2013 crop. They received as much as Rs. 4,000 per quintal (around $600 per ton) in 2013-14 crop year (October - September). However, prices tumbled to as low as Rs. 1,600-1,700 per quintal (around 4240 - $255 per ton) in the 2014-15 crop year

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partly due to a temporary ban imposed by Iran, which accounts for about 38% of India's basmati rice exports. All these factors led to an oversupply of stocks.

Local sources say exporters are competing against themselves to clear stocks before the new harvest arrives.

Meanwhile, Iran's removal of ban on Pakistani rice after the lifting of US sanctions is likely to impact India's basmati rice exports. Though the volume of basmati and processing facilities in Pakistan are limited, its increased participation in global market is expected to dent profits of Indian rice exporters.

A senior official in APEDA told local sources that big brands are in a position to insulate themselves from price corrections, but unorganized players are likely to be more affected. He stressed on the importance of investing in branding in order to retain position in the international market.

Third 'Ente Risi Open Day' to Demonstrate Use of Drones in Precision Farming Daily Exclusive ORYZA Rice E-Newsletter Contents are published with permission of ORYZA.com

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Sep 09, 2015

The Rice Research Center of the Ente Nazionale Risi, the National Agency for Rice, is organizing the third Ente Risi Open Day in Castello d'Agogna (Pavia) on September 10, 2015.

The Ente Risi Day is divided into two parts. In the morning, a conference titled "A comparison among international researchers for a competitive rice growing sector" will be held. Several international and Italian researchers are expected to participate. In the afternoon there will be a visit to the Ente Risi testing fields where a demonstration of the use of drones for precision farming has been arranged. The National Research Council (CNR) researchers will also present the Hermes (Satellite services for agriculture) project, which is supported by the European Union and the Ente Risi.

The day aims at bringing together researchers from different countries. "The significance of this day is to bring together researchers from different nationalities who bring to the attention of the whole scientific chain the results related to common problems in a spirit of cooperation and mutual synergy," says the Ente Nazionale Risi Commissioner.

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U.S. Dominates Turkey Rice Imports in First Six Months of 2015 Sep 09, 2015

The U.S. has reportedly dominated Turkey rice imports during the first six months of 2015. Of the 208,000 tons imported by Turkey, U.S. rice accounts fro about 71,500 tons or 34% of the total rice imports during the period, according to USA Rice Federation.

The Turkish imports have increased despite increased acreage due to enhanced promotional activities by the USA Rice Federation. The Federation laid stress on increased promotion during the summer. It reached almost 2.4 million Turkish consumers through its articles and recipes featuring U.S. grown rice. It also organized in-store promotions in the market, with 16 demonstrations at two hypermarkets. It could reach aboue 10,000 customers that way.

Turkey imports mostly medium grain rice.

India Rice Sellers Increase Some of Their Quotes; Other Asia Rice Quotes Unchanged Today Sep 09, 2015

India rice sellers increased their quotes for 25% broken rice by about $5 per ton to around $340$350 per ton today. Other Asia rice sellers kept their quotes mostly unchanged.

5% Broken Rice Thailand 5% rice is indicated at around $345 - $355 per ton, about $25 per ton premium on Vietnam 5% rice shown at around $320 - $330 per ton. India 5% rice is indicated at around $365 - $375 per ton, about $50 per ton premium on Pakistan 5% rice shown at around $315 - $325 per ton.

25% Broken Rice Thailand 25% rice is shown at around $330 - $340 per ton, about $15 per ton premium on Vietnam 25% rice shown at around $315- $325 per ton. India 25% rice is indicated at around $340 - $350 per ton, up about $5 per ton from yesterday and about $50 per ton premium on Pakistan 25% rice shown at around $290 - $300 per ton.

Parboiled Rice Thailand parboiled rice is indicated at around $350 - $360 per ton. India parboiled rice is indicated at around $355- $365 per ton, about $60 per ton discount to Pakistan parboiled rice last shown at around $415 - $425 per ton.

100% Broken Rice Thailand broken rice, A1 Super, is indicated at around $305 - $315 per ton, about $5 per ton from premium on Vietnam 100% broken rice shown at around $300 - $310 per ton. India's 100% broken rice is shown at around $300 - $310 per ton, about $25 per ton premium on Pakistan broken sortexed rice shown at around $275 - $285 per ton.

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Brazil Exports 719,112 Tons of Rice in First Eight Months of 2015 Sep 09, 2015

Brazil has exported around 719,112 tons of rice in the first eight months (January – August) of 2015, according to data released by the Rice Institute of Rio Grande do Sul (IRGA).

In August 2015, Brazil exported around 117,342 tons of rice, up about 70% from around 68,979 tons exported in July 2015.

Senegal remained the largest importer of Brazilian rice in August 2015 with around 38,226 tons, or about 32.5% of Brazil's total rice exports during the month. Nicaragua accounted for around 20,007 tons (about 17% of Brazil's total exports during the month); Switzerland accounted for around 14,706 tons (about 12.5% of Brazil's total exports during the month); Gambia accounted for 11,764 tons (about 10% of Brazil's total exports during the month); and Benin accounted for around 8,456 (about 7% of Brazil's total exports during the month).

Costa Rica (5,351 tons), Peru (4,154 tons), South Africa (2,794 tons), U.S. (2,721 tons), Bolivia (1,380 tons), Cape Verde (1,141 tons), Trinidad and Tobago (863 tons) Saudi Arabia (732 tons), Chile (726 tons), S. VIC. And Grenadines (589 tons), Panama (588 tons), Angola (538 tons),

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Honduras (515 tons), Belgium (257 tons), Barbados (184 tons), Ant. Netherlands (110 tons) and others (1,165 tons) accounted for the remaining 21% of Brazil's total rice exports in June 2015.

Brazil exported around 1.24 million tons of rice in 2014, up about 2.4% from around 1.209 million tons exported in 2013, according to data from IRGA.

Oryza Afternoon Recap - Chicago Rough Rice Futures Find Follow-through Buying Interest Following Yesterday's Technical Breakout Sep 09, 2015

Chicago rough rice futures for Nov delivery settled 19 cents per cwt (about $4 per ton) higher at $12.465 per cwt (about $275 per ton). The other grains finished the day mostly lower; Soybeans closed about 0.8% lower at $8.7225 per bushel; wheat finished about 0.6% lower at $4.7225 per bushel, and corn finished the day about 0.2% higher at $3.6900 per bushel.

U.S. stocks traded lower Wednesday, failing to extend a rally in global markets amid talk of stimulus overseas. The major averages traded lower in early afternoon trade. Earlier, they gave up their opening rally of about 1% to dip into negative territory. Traders also eyed the Job Openings and Labor Turnover Survey (JOLTS) which showed the number of job openings was a record 5.8 million, the U.S. Bureau of Labor Statistics said. The key nonfarm payrolls report Friday reinforced expectations that labor conditions are strong enough to support a rate hike, which could possibly come as soon as the Federal Reserve's meeting next week. Earlier, stocks opened sharply higher following strong gains in markets overseas.

China's Ministry of Finance said the government will strengthen fiscal policy, boost infrastructure spending and speed up reform of its tax system, adding to other steps to reenergize sputtering growth. Japanese stocks also rallied on back of comments by Prime Minister Shinzo Abe that the government aims to lower the corporate tax rate.

The Dow Jones Industrial Average traded up 27 points, or 0.17%, at 16,520. The S&P 500 traded up 4 points, or 0.21%, at 1,973, with consumer discretionary leading six sectors higher and utilities the greatest decliner. The Nasdaq traded up 16 points, or 0.34%, at 4,828. Gold is trading about 1.3% lower, crude oil is seen trading about 2.8% lower, and the U.S. dollar is seen trading about 0.2% higher about 1:15pm Chicago time.Tuesday, there were 587 contracts traded, up from 207 contracts traded on Friday. Open interest – the number of contracts outstanding – on Tuesday increased by 180 contracts to 9,872.

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