20th September, 2013
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TOP Contents - Tailored for YOU Latest News Headlines… Scientists speak out against GM rice trial vandalism Tufts University apologized for the pilot of “golden rice” Oryza Overnight Recap – Chicago Rough Rice Futures Higher Overnight on Follow-through Buying, After Making Technical Advance Yesterday Thailand, Vietnam, India Rice Sellers Increased Their Quotes Today Oryza U.S. Rough Rice Recap – Quiet Market As Participants Wait for Yield Indications; Exports Remain Slow Oryza Rice Currency Analysis for Today – India Rupee Rallies 2.6% Oryza Afternoon Recap – Chicago Rough Rice Futures Find Follow-through Buying Interest After Yesterday’s Positive Technical Development Oryza Quick Glance at World News Oryza Global Rice Quotes
NEWS DETAILS: Scientists speak out against GM rice trial vandalism Tom Nightingale reported this story on Friday, September 20, 2013 08:20:00
PALMER: Some of the world's top scientists are speaking out against the vandalism of a trial of genetically modified (GM) rice in the Philippines six weeks ago. The rice was being developed to combat vitamin A deficiency, which is responsible for up to three million deaths a year in Africa and South East Asia. After anti GM activists destroyed the crop, a former chief scientist of Australia has fired back at the opponents of GM crops as unscientific, comparing them to anti vaccination campaigners.Tom Nightingale reports. TOM NIGHTINGALE: Almost half the world relies on rice as a staple food. But the absence of vitamin A in white rice leads to blindness in children and pregnant women.Jim Peacock is with the CSIRO (Commonwealth Scientific and Industrial Research Organisation) and is formerly a chief scientist of Australia. JIM PEACOCK: I'm talking about approximately a million children a year going blind and many of them, most of them dying at an early age. TOM NIGHTINGALE: Vitamin A deficiency also hits the body's immune system, so other illnesses become worse. The figures are hard to pin down but the death toll could be nearly three million a year. JIM PEACOCK: This is a public health tragedy that we must recognise and appreciate that it can be removed.TOM NIGHTINGALE: Scientists in the Philippines are trialling genetically modified rice known as
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golden rice for its distinctive yellow colour. For years it's been tipped as a potential solution to global vitamin A deficiency. But six weeks ago about 400 or so people trampled the crop so that neighbouring properties wouldn't be contaminated.Jim Peacock sees parallels with the debate about immunising children against diseases.JIM PEACOCK: I mean it's so easy for the anti-science people, the anti-GM people like Greenpeace, to make statements against the GM in a very general and very often completely inaccurate and a level of misinformation. TOM NIGHTINGALE: Thousands of researchers have signed a statement against the destruction. And 11 scientists, including Jim Peacock, are authors of an editorial published today in the journal, Science. The ABC spoke to Daniel Ocampo who's a Greenpeace campaigner in Manila.DANIEL OCAMPO: It is actually incorrect for the scientist to assume that golden rice will be a solution to vitamin A deficiency.TOM NIGHTINGALE: Greenpeace and others don't believe that genetically modified, or golden rice, is a solution to vitamin A deficiency. DANIEL OCAMPO: What's being done in the Philippines is dramatically reduce vitamin A deficiencies in last 10 years and these solutions are already there and they're working. And the funding that is actually being wasted on golden rice should instead be diverted into these working solutions already.TIM PALMER: Daniel Ocampo, a Greenpeace sustainable agriculture campaigner in the Philippines, speaking with Tom Nightingale.
Tufts University apologized for the pilot of “golden rice” 《DailyEconomic》 2013-09-20 10:57:52 Source:
In Tufts University, deputy director of Public Relations Jenniferr Critz in Beijing on the 18th sent a letter to Xinhua News Agency reporter to apologize that the school researchers Tang Guangwen and others took Chinese children as the object of genetically modified ‗golden rice‘ in human trials, which has violated established protocols and standards‘, and said it will prevent similar incidents in the letter.In August of 2012, Tang Guangwen and others published the research papers related to ‗golden rice‘ on the American Journal of Clinical Nutrition. The researchers used genetically modified rice to conduct human trials on 6-8 year-old Chinese children, which caused public concern. The Chinese Center for Disease Control and other agencies released announcement soon, informed that the test has violated relevant provisions of GM, research ethics and scientific integrity. The related responsible people
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in Chinese side were dismissed.The study of Tufts University shows that although the study data of ‗golden rice‘ has passed validation, no health and safety risks have been founded, however, the study itself does not fully comply with the requirements of the school ethics review committee and the federal regulations of U.S.The research said, there is no sufficient evidence to prove that the study has obtained the evaluation and approval from Chinese related authorities, and some flaws existed in the process of obtaining informed consent, including the lack of clear explanation to the genetically modified properties of ―Golden rice‖. The responsible person of research project has changed the study process without obtaining the approval from the Tufts Ethics Review Committee.Tufts University apologized for the behavior which caused a breach of established protocols and standards and said it has strengthened the management regulations and procedures to prevent similar problems from happening again, meanwhile the university also will strengthen the school's supervision to ensure that the school adhere to the highest scientific standards.Based on these findings, the school has taken corrective and preventive measures. Tang Guangwen who presided over this research project shall not engage in human studies within two years, and he needs to re-accept trainings about rules and regulations related to human research at this time. After this two years, Tang Guangwen can only conduct human studies as the identity of co-investigator under the direct supervision by research responsible person.In addition, the school also modified the regulatory procedures, and Tufts Ethics Review Committee will conduct a more detailed review to the studies that implemented outside the United States or in the context of crosscultural
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Glossary: 'Golden Rice' is genetically modified rice, unlike ordinary rice, its main function is to help the body increase the absorption of vitamin A. It is called ―golden rice‖ because of its yellow color. Skeptics believe that golden rice may be a serious threat to the environment and food security, it can not solve the fundamental causes of vitamin A deficiency, that are, poverty and lack of diversification of the diet. Contact《DailyEconomic》Editorial Department: 18802188131@qq.com
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Oryza Overnight Recap – Chicago Rough Rice Futures Higher Overnight on Follow-through Buying, After Making Technical Advance Yesterday Sep 19, 2013
Chicago rough rice futures for November delivery were paused 7.5 cents per cwt (about $2 per ton) higher at $15.685 per cwt (about $346 per ton) as of 8:30am Chicago time. The other grains are seen higher during this morning break ahead of floor trading in Chicago: soybeans are currently seen trading about 0.8% higher, wheat is seen trading about 1.4% higher, and corn is seen trading about 0.9% higher.U.S. stock index futures were higher Thursday, following on from the previous day's bounce when the Federal Reserve surprised markets by opting to maintain its $85 billion-per-month asset purchases. On the economic front, the number of Americans filing new claims for jobless benefits rose 15,000 to a seasonally adjusted 309,000, according to the Labor Department. But analysts said the reading was distorted as two states were still working through a backlog of unprocessed claims from last week. On Wednesday, Fed Chairman Ben Bernanke said the central bank was not ready to cut back on stimulus measures, citing tightening financial conditions that could hurt employment. The decision surprised Wall Street analysts who had expected a $10 billion to $15 billion reduction in the central bank's $85 billion-a-month bond purchases. Asian and European equity markets enjoyed a risk-on rally on Thursday on the news. Emerging markets led the gains, as investors searched for higher-yielding assets, on the expectation that the Fed's continued liquidity boost would benefit these countries. U.S. stock futures are currently trading about 0.2% higher, gold is currently trading about 4.7% higher, crude oil is seen trading about 0.2% higher, and the U.S. dollar is currently trading marginally lower at 8:30am Chicago time. Tags: chicago rough rice futures
Thailand, Vietnam, India Rice Sellers Increased Their Quotes Today Sep 19, 2013
Thailand rice sellers increased their quotes for 5% broken rice and parboiled rice by about $5 per ton and $10 per ton respectively to around $420 - $430 per ton and $460 - $470 per ton respectively today. Vietnam rice sellers increased their quotes for 100% broken rice by about $5 per ton to about $325 - $335 per ton. India rice sellers increased most of their quotes by about $5 per ton today. Pakistan rice sellers kept their quotes unchanged. 5% Broken Rice Thai 5% rice is quoted around $420 - $430 per ton, up about $5 per ton from yesterday and about a $65 per ton premium over Viet 5% rice (of summer-autumn crop 2013) shown around $355 - $365 per ton. Indian 5% rice is quoted around $425 - $435 per ton, up about $5 per ton from yesterday and $35 per ton premium over Pak 5% rice (of new crop) quoted around $390 - $400per ton.
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25% Broken Rice Thai 25% rice is quoted about $405 - $415 per ton, about a $70 per ton premium over Viet 25% rice (of summer-autumn crop 2013) shown around $335 - $345 per ton. Indian 25% rice is quoted about $380 - $390 per ton, up about $5 per ton from yesterday and about a $40 per ton premium over Pak 25% rice (of new crop) quoted around $340-$350 per ton. Parboiled Rice Thai parboiled rice is quoted around $460 - $470 per ton, up about $10 per ton from yesterday. Indian parboiled rice is quoted around $415 - $425 per ton, up about $5 per ton from yesterday and about a $5 per ton discount to Pak parboiled rice (of new crop) quoted around $420 - $430 per ton. 100% Broken Rice Thai broken rice, A1 Super, is quoted around $395 - $405 per ton, about a $70 per ton premium over Viet broken rice (of summer-autumn crop 2013) shown around $325 - $335 per ton, up about $5 per ton from yesterday.Indian broken sortexed rice is quoted about $315 - $325 per ton, up about $5 per ton from yesterday and about a $25 per ton discount to Pak broken sortexed rice (of new crop) indicated at around $340 - $350 per ton. Tags: Asia rice quotes, Thailand rice quotes, Vietnam rice quotes, India rice quotes, Pakistan rice quotes
Oryza U.S. Rough Rice Recap – Quiet Market As Participants Wait for Yield Indications; Exports Remain Slow Sep 19, 2013
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The U.S. cash market was quiet today as most buyers and sellers continue to wait and see the size and quality of this year‘s crop getting before committing to any larges purchases or sales. Analysts contend that the field yields in can be seen ranging from 160-190 bu/acre (3.6-4.27 tons/acre or about 9.7 tons per hectare) with impressive milling yields however they note that it is still very early in the harvest. Offers continue to hold steady around $15.77-$16.66 per fob farm (about $348-$367 per ton), depending on where they are located in the U.S. mid-South, for October through December shipment while bids mills and exporters can still be seen around $15.56 per cwt (about $343 per ton), fob farm and delivered, respectively, for October through December delivery, although no trades were reported. In the meantime, today the USDA reported that net sales for the 2013/2014 marketing year, totaled 36,700 tons with increases reported for the following destinations including: 20,400 tons to Mexico, 7,300 tons to Canada, 6,000 tons to Ghana, 400 tons to Guatemala, and 400 tons to the Netherlands Antilles.U.S. rice exporters shipped 57,500 tons with the primary destinations including: 26,500 tons to Mexico, 9,400 tons to Haiti, 8,900 tons to Honduras, 3,400 tons to Canada, and 3,000 tons to Saudi Arabia. Tags: U.S. rice prices
Oryza Rice Currency Analysis for Today – India Rupee Rallies 2.6% Sep 19, 2013
U.S. dollar index was up +0.15% from the open today, when it traded at 80.365 at the close. Euro was +0.01% higher today by the close, trading around 1.3523 by end of day, after trading between an intraday high of 1.3569 and low of 1.3501. Euro traded fairly flat today after yesterday‘s Fed announcement the central bank will continue with the current pace of bond purchases. Thai baht was stronger +0.69%, trading at 31.068 at the close of business. Indian rupee was stronger +2.61%, finishing the day at 61.7750. Brazilian real was -0.74% weaker than the open at today‘s close, when it ended at 2.2025 reais per dollar. Pakistan rupee was +0.11% stronger at the close, trading at 105.8375. Vietnamese dong was +0.05% stronger at 21135. Mexican peso was -0.45% weaker today, when it traded at 12.7140 pesos per dollar by the close of business
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today. Chinese yuan was unchanged at 6.1212. Argentine peso was -0.13% weaker at 5.7579 pesos per dollar. Tags: foreign exchange rates
Oryza Afternoon Recap – Chicago Rough Rice Futures Find Follow-through Buying Interest After Yesterday’s Positive Technical Development Sep 19, 2013
Chicago rough rice futures for November delivery settled 7 cents per cwt (about $2 per ton) higher at $15.680 per cwt (about $346 per ton). Despite spending the majority of the session in the red, rough rice futures managed a late session recovery and settled within a couple cents of the session high of $15.700 per cwt (about $346 per ton). Today‘s buying interest was likely triggered by yesterday‘s move into technically positive territory as prices broke through a key point of resistance. Gains were limited by softening outside markets as the soy complex gave back a portion of yesterday‘s gains and the dollar strengthened as traders digested the true meaning of yesterday‘s FOMC announcement. The other grains were mixed today; soybeans finished the day about 0.6% lower at $13.3950 per bushel; wheat finished about 1.6% higher at $6.5700 per bushel; and corn finished the day about 0.7% higher at $4.5950 per bushel.U.S. stocks drifted lower Thursday, dragged by consumer staples, as investors largely shrugged off a batch of upbeat economic reports and yesterday's news whereby the Federal Reserve surprised markets by opting to maintain its $85 billion-per-month asset purchases. The Dow Jones Industrial Average slipped into the red. The blue-chip index has been trading in a narrow 58-point range. The S&P 500 set an intraday high shortly after the market open before retreating. And the Nasdaq briefly hit a new 13-year high before turning flat. Among key S&P sectors, consumer staples led the decliners. U.S. stock markets are currently trading down about 0.3%, gold is trading about 4.6% higher, crude oil is seen about 1% lower, and the U.S. dollar is seen about 0.2% higher at about 2:00pm Chicago time.Looking to the daily continuation chart of Chicago rough rice futures for November delivery, the market managed to make good on yesterday‘s positive forecast as prices rallied off of session lows to closed higher on the day. Today‘s action has confirmed the buying signal as prices managed to break through resistance noted yesterday at $15.595 per cwt (about $344 per ton), although it did spend the majority of the day below this level. Prices now face firm nearby resistance at $15.700 per cwt (about $346 per ton), a level which the market was unable to break through today and has been noted as a near-term high since being put in place on September 12. A move above this level would be seen as a positive development as prices would have broken out of the current sideways trading range. This level will be closely watched tomorrow and could likely trigger additional
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buying interest if fails to provide resistance. Today‘s trading range is noted as $15.465-$15.700 per cwt (about $341-$346 per ton).Wednesday, there were 270 contracts traded, up from 242 contracts traded on Tuesday. Open interest – the number of contracts outstanding – on Wednesday decreased by 568 contracts to 9,053. Tags: chicago rough rice futures
Oryza Quick Glance at World News Sep 19, 2013
Financial Times *The U.S. Federal Reserve sprung a surprise on markets by keeping its asset purchases steady at $85 billion a month as chairman Ben Bernanke backed away from the guidance he gave in June. The Fed cut its growth forecast to 2.2% in 2013 compared with a June forecast of 2.5% and confounded expectations that it would start to slow its third round of quantitative easing as the rate-setting Federal Open Market Committee said it would ―await more evidence that progress will be sustained before adjusting the pace of its purchases.‖ *Google has launched a healthcare company, Calico, to attack some of the most difficult scientific problems in diseases related to ageing, marking the biggest step yet beyond its core internet business. *The Arctic‘s summer sea ice is set to nearly vanish in less than 40 years, according to the final draft of a sweeping U.N. climate change report that sharply revises past estimates of how fast the icy north is melting. *Brazil‘s state-owned oil company Petrobras said it was investing R$21 billion in five years to improve data security amid allegations U.S. spies are targeting the company. *Google is exploring an alternative to cookies, the controversial and widely used pieces of code that track online behavior for advertising purposes, according to a person familiar with its thinking. *Iran‘s new president Hassan Rouhani stepped up his international charm offensive on Wednesday, telling a U.S. television network that his country had no intention of ever building nuclear weapons and insisting that he had the authority to strike a diplomatic deal over Iran‘s nuclear programme. *A study commissioned by a U.S. bank lobby group found financial institutions are ―essential‖ to commodity markets, in a public sign that the industry is mobilizing to defend its ability to move raw materials. The Federal Reserve is reviewing whether to allow large US banks to buy and sell physical commodities, not just futures contracts. *The Chicago-based Options Clearing Corp has picked Craig Donohue as its executive chairman, nearly two years after the former head of CME Group left the world‘s largest futures exchange. Wall Street Journal *The White House is sending signals that President Barack Obama is close to nominating Janet Yellen to be the next head of the Federal Reserve. *Struggling BlackBerry Ltd. is preparing for deep staff cuts—up to 40% of its employees—by the end of the year, people familiar with the matter said.
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*The Obama administration is preparing for high-level meetings next week with the Iranian government on its nuclear ambitions and is open to a direct exchange between President Barack Obama and Iran's new president, Hasan Rouhani, at the U.N., according to senior U.S. officials. *Russia's Finance Ministry proposed increasing borrowing, crimping spending and forcing state firms to hand over a larger chunk of their profits in order to plug holes in the federal budget over the next three years as Russia grapples with its sharpest slowdown in growth since the 2008 crisis. *India's commodity market regulator Wednesday asked the country's six national-level commodity exchanges to stop futures trading in non-agriculture commodities on Saturdays, as it is the global practice. *Venezuela will collaborate with China National Petroleum Corporation on a $14 billion development project in the country's Orinoco heavy oil belt, one of a handful of investments secured by Venezuelan officials during a trip to China this week in preparation for President Nicolás Maduro's state visit to Beijing on Saturday. *Russia's top diplomat hinted Wednesday at the potential difficulties of implementing an agreement with the U.S. aimed at ridding Syria of its chemical weapons—saying Moscow would not see its diplomatic initiative as successful unless weapons had been removed from the country. *India Wednesday announced new rules that would likely help reduce tax disputes over services that multinational companies source from their Indian units. Under the new rules, tax authorities would not scrutinize transactions of up to five billion rupees ($79 million) a year if a company had accounted for at least a 20% profit margin and paid local taxes based on that. If the value is more than five billion rupees, a company will have to show at least a 22% margin to avoid tax scrutiny. New York Times *On the eve of a visit by Iran‘s moderate president, Hassan Rouhani, to the United States, the Iranian authorities on Wednesday unexpectedly freed 11 of Iran‘s most prominent political prisoners, including Nasrin Sotoudeh, a human rights lawyer. Analysts said the prisoner release was a significant step in Mr. Rouhani‘s efforts to repair Iran‘s relationship with the West. *Fiji will host a new $1 million golf tournament starting next August as part of a five-year deal with the PGA of Australia, organizers said on Thursday. *The president of Sudan, wanted for years by the International Criminal Court on charges of genocide and other crimes in the Darfur conflict, set off a growing storm of anger on Wednesday with his plan to attend the U.N. General Assembly, as human rights advocates urged governments to oppose the visit and the court‘s judges asked the United U.S. to arrest him if he dares to come. *Greece's jobless rate dropped slightly to 27.1% in the second quarter of 2013 from 27.4% in the previous three-month period as economic activity slumped, the country's statistics service said on Thursday. *British retail sales volumes fell 0.9% on the month, wrong footing economists who had expected a rise of 0.4%. The annual rate of growth slowed to 2.1% from July's 2-1/2 year high of 3.0%. *Taiwan's Central Weather Bureau said Thursday afternoon that a strong typhoon, Usagi, is approaching the northern Philippines and southern Taiwan and is expected to bring strong winds and heavy rain to both regions. Tags: World news
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Oryza Global Rice Quotes: September 19th, 2013 Long grain white rice - high quality Thailand 100% B grade 430-440 Vietnam 5% broken 355-365 ↔ India 5% broken 425-435 ↑ Pakistan 5% broken 390-400 ↔ Cambodia 5% broken 445-455 ↔ U.S. 4% broken 595-605 ↓ Uruguay 5% broken 615-625 ↔ Argentina 5% broken 615-625 ↔
↑
Long grain white rice - low quality Thailand 25% broken 405-415 ↔ Vietnam 25% broken 335-345 ↔ Pakistan 25% broken 340-350 ↔ India 25% broken 380-390 ↑ U.S. Calrose 4% broken 570-580
↔
Long grain parboiled rice Thailand parboiled 100% stxd 460-470 Pakistan parboiled 5% broken stxd 420-430 India parboiled 5% broken stxd 415-425 U.S. parboiled 4% broken 660-670 ↓ Brazil parboiled 5% broken 545-555 ↔ Uruguay parboiled 5% broken NQ ↔
↑ ↔ ↑
Long grain fragrant rice Thailand Hommali 92% 1110-1120 Vietnam Jasmine 505-515 ↔ India basmati 2% broken 1515 -1525 Pakistan basmati 2% broken NQ ↔
↔ ↔
Brokens Thailand A1 Super 395-405 ↔ Vietnam 100% broken 325-335 Pakistan 100% broken stxd 340-350 India 100% Broken stxd 310-320
↑ ↔ ↔
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Egypt medium grain brokens NQ U.S. pet food 365-375 ↑ Brazil half grain 325-335
↔ ↔
Medium grain milled U.S. Calrose 4% broken 645-655 ↓ Egypt medium grain 6% NQ ↔ All prices USD per ton, FOB vessel, oryza.com
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