27th december 2013 oryza news by riceplus magazine

27th December , 2013

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Vietnam Rice Quotes Mixed Today; India, Pakistan Rice Sellers Lower Some of Their Quotes
Thailand Hopes to Export 10 Million Tons of Rice in 2014
Oryza Rice Currency Analysis for Today – India Rupee Down 0.6%
Oryza Afternoon Recap – Chicago Rough Rice Futures Pull-back from Nearby Technical Resistance as
Trade Activity Remains Seasonally Slow
Oryza Quick Glance at MDA Rice Crop Weather Update
Bali Package on Foodgrain Stockpiling Against WTO Ideals, Claim Pakistan Rice Growers
Vietnam Rice Quotes Mixed Today; India, Pakistan Rice Sellers Lower Some of Their Quotes
Australia SunRice Increases Paddy Purchase Prices
Iraq Tenders to Buy Minimum 30,000 Tons of Rice
Oryza Overnight Recap – Chicago Rough Rice Futures Prepare to Reopen Following Mid-Week Holiday
Break
Oryza Quick Glance at World News
Oryza Global Rice Quotes

Cell # 92 321 369 2874

NEWS DETAILS:
Vietnam Rice Quotes Mixed Today; India, Pakistan Rice Sellers Lower Some of
Their Quotes
Dec 26, 2013

Vietnam rice sellers lowered their quotes for 5% broken rice, 25% broken rice and 100% broken rice by about
$5 per ton each to about $405 - $415 per ton, $380 – $390 per ton and $360 - $370 per ton respectively, but
increased their quotes for jasmine rice by about $5 per ton to about $610 - $620 per ton. India rice sellers
lowered their quotes for 100% broken rice by about $5 per ton to about $300 - $310 per ton, while Pakistan rice
sellers lowered their quotes for parboiled rice by about $10 per ton to about $415 - $425 per ton. Thailand rice
sellers kept their quotes unchanged today.
5% Broken Rice
Thai 5% rice (of new crop) is quoted around $420 - $430 per ton, about a $15 per ton premium over Viet 5%
rice shown around $405 - $415 per ton, down about $5 per ton from yesterday. Thai 5% rice of the old crop is
shown around $370 - $380 per ton.
Indian 5% rice is quoted around $410 - $420 per ton, about a $30 per ton premium over Pak 5% rice quoted
around $380 - $390 per ton.
25% Broken Rice
Thai 25% rice (of new crop) is quoted about $375 - $385 per ton, about a $5 per ton discount to Viet 25% rice
shown around $380 - $390 per ton, down about $5 per ton from yesterday. Thai 25% rice of the old crop is
Indian 25% rice is quoted about $370 - $380 per ton, about a $30 per ton premium over Pak 25% rice quoted
Parboiled Rice
Thai parboiled rice of the old crop is quoted around $440 - $450 per ton. Thai parboiled rice quotes of the new
crop are unavailable today.
Indian parboiled rice is quoted around $395 - $405 per ton, about a $20 per ton discount to Pak parboiled rice
quoted around $415 - $425 per ton, down about $10 per ton from yesterday.
100% Broken Rice
Thai broken rice, A1 Super, of the old crop is quoted around $295 - $305 per ton and about a $65 per ton
discount to Viet broken rice shown around $360 - $370 per ton, down about $5 per ton from yesterday. Thai
broken rice quotes of the new crop are unavailable today.
Indian broken sortexed rice is quoted about $300 - $310 per ton, down about $5 per ton from yesterday and
about a $15 per ton discount to Pak broken sortexed rice quoted around $315 - $325 per ton.
Tags: Asia rice quotes, India rice quotes, Thailand rice quotes, Pakistan rice quotes, Vietnam rice quotes

Cell # 92 321 369 2874

Thailand Hopes to Export 10 Million Tons of Rice in 2014
Dec 26, 2013

Thailand‟s rice exports may surge to around 8 - 10 million tons in 2014, the director- general of the Department
of Foreign Trade told local sources today.The DFT DG says that rice exports by Thailand in 2013 are expected
to decline to around 6.68 million tons, down about 16% from the targeted 8 – 8.5 million tons. However,
interest in Thai rice is growing due to low prices and demand among rice importers is also likely to increase
next year due to weather disturbances in 2013. The DG also says that Thailand‟s rice exports may increase to
around 8 – 10 million tons in 2014, with government-to-government deals accounting for around 60% of
exports.Meanwhile, the Finance Ministry says that the government has sufficient funds to pay farmers under the
rice mortgage program and delayed payments will be done by January 15, 2014. According to the ministry, the
government will spend up to 90 billion baht (about $2.75 billion) to pay farmers in the 2013-14 rice mortgage
program on January 15, 2014.
Tags: Thailand rice exports

Oryza Rice Currency Analysis for Today – India Rupee Down 0.6%
Dec 26, 2013

U.S. dollar index was down -0.09% from the open today, when it traded at 80.487 at the close.
Euro was stronger +0.10% today by the close, trading around 1.3694 by end of day, after trading between an
intraday high of 1.3702 and low of 1.3664.
Thai baht was weaker -0.18%, trading at 32.840 at the close of business.
Indian rupee was -0.59% weaker, trading at 62.1637.
Brazilian real was +0.16% stronger than the open at today‟s close, when it ended at 2.3536 reais per dollar.
Pakistan rupee was -0.45% weaker at 105.5750.
Vietnamese dong unchanged at 21095.
Mexican peso was -0.29% weaker today, when it traded at 13.0663 pesos per dollar by the close of business
today.
Chinese yuan was -0.03% weaker at 6.0733.

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Argentine peso was -0.43% weaker at 6.4686 pesos per dollar.
Tags: foreign exchange rates

Oryza Afternoon Recap – Chicago Rough Rice Futures Pull-back from Nearby
Technical Resistance as Trade Activity Remains Seasonally Slow
Dec 26, 2013

Chicago rough rice futures for March delivery settled 5.5 cents per cwt (about $1 per ton) lower at $15.345 per
cwt (about $338 per ton). Rough rice futures slipped slightly today as the market reopened following a midweek holiday break. Despite the reopening of trading in Chicago, futures and physical activity remains
seasonally slow and is likely to remain so into the first few weeks of January. Technically prices bounced off of
nearby resistance around $15.415 per cwt (about $340 per ton), provided by the 10-day moving average. This
point will continue to come into play if the market attempts to move higher tomorrow. The other grains finished
lower as well today; soybeans finished the day about 1.3% lower at $13.0525 per bushel; wheat finished about
0.1% lower at $6.0600 per bushel; and corn finished the day about 1.9% lower at $4.2625 per bushel.
U.S. stocks rose on Thursday, with Wall Street continuing its record-setting advance after data had fewer
Americans than expected filing applications for jobless benefits last week, casting a positive light on the labor
market. The Dow Jones Industrial Average climbed. The S&P 500 gained, with energy and consumer
discretionary leading sector gains and utilities the weakest performer among its 10 major industry groups. The
Nasdaq also rose, touching its highest level since Sept. 1, 2000. After briefly surpassing 3%, the yield on the 10year Treasury note was up 1 basis point at 2.99%. U.S. stock markets are currently trading about 0.7% higher,
gold is trading about 0.6% higher, crude oil is seen trading about 0.3% higher, and the U.S. dollar is seen
trading about 0.1% lower at about 2:00pm Chicago time.
Tuesday, there were 490 contracts traded, up from 484 contracts traded on Monday. Open interest – the number
of contracts outstanding – on Tuesday increased by 83 contracts to 7,243.
Tags: chicago rough rice futures; U.S. rice prices, U.S rice market

Oryza Quick Glance at MDA Rice Crop Weather Update
Dec 26, 2013

Cell # 92 321 369 2874

Oryza shares some of MDA’s latest rice crop weather updates:
Weather is expected to be dry in China this week.
Snowfall is likely to continue in Central and northern Japan this week.
Dry weather will favor rice harvest in Thailand and Vietnam this week.
Rainfall may slow planting of new crop in Luzon region in the Philippines this week.
Rainfall may disrupt second season harvest in some parts of Indonesia this week.
Dry weather will favor harvest of main crop in India.
Weather is expected to remain dry in Bangladesh and Pakistan this week.
Weather will favor rice crop in West Africa this week.
Rainfall will favor rice crop in northern and central areas of Brazil this week.
Drier weather will reduce wetness concerns in the Delta region of the U.S. this week.
For more complete weather information, contact: www.mdaus.com.
Tags: Weekly weather report for rice
pdf:

MDA Weather.pdf

Bali Package on Foodgrain Stockpiling Against WTO Ideals, Claim Pakistan Rice
Growers
Dec 26, 2013

The recent WTO Bali Package is being hailed as a historic deal that respects the need of food grain stockpiling
in developing countries such as India, but it has miffed other rice exporting countries which believe that
allowing food subsidies in an unbridled manner will ultimately distort international rice trade.On December 10,
2013, Oryza reported that WTO in its ninth ministerial conference in Bali allowed developing nations to
continue stockpiling rice and other food grains without limits in an interim solution until 2017 when the
eleventh WTO ministerial conference is likely to take place. However, WTO announced some key additions on
December 11, 2013. It said, developing nations can stockpile food grains only if it is a staple, and added that the
interim solution will continue until a permanent one is not agreed upon by all members. It is expected that rice
sector in countries such as Pakistan will be worst affected by these changes.
According to Pakistan‟s Basmati Growers Association (BGA), the Bali package goes contrary to WTO ideals
and fails to protect other developing countries from the exports of subsidized staple crops like rice wheat and
cereals of countries like India. The BGA chief Choudhry Hamid Malhi says that food subsidies were never on

Cell # 92 321 369 2874

the agenda of WTO and the Agreement on Agriculture. “The Doha Round emphasized on reducing production
and export subsidies and not what Bali has approved,” he says.Allowing the interim solution until a permanent
one is agreed by all members effectively means that the interim arrangement could continue indefinitely. “It
could be a win-win situation for India at the cost of smaller economies whose farmers would be at a loss to
compete and would be forced into poverty by a continuous onslaught of such cheap exports or production which
also limits their chances of exporting these agriculture products to such countries,” he adds.
The BGA chief also says that allowing India to stockpile rice for its food security program will ultimately lead
to lower global prices which will in turn harm rice farmers. He says, “This is basically a non-basmati issue, but
the flexibility will certainly push down prices as has the Thai mortgage scheme done, which buys paddy from
Thai farmers at 40% higher prices and has flooded the lower end market (because Thai government could not
export or sell at that higher price) where earlier on only India, Pakistan and Vietnam were selling in the range of
$350 - $450 per ton.”There is an ongoing discussion in WTO circles regarding the legality or binding nature of
the Bali declaration which was not voted on by the members and was perceived to be agreed by all, the BGA
chief says.
Tags: Pakistan rice sector, World Trade Organization (WTO), Bali Package

Vietnam Rice Quotes Mixed Today; India, Pakistan Rice Sellers Lower Some of
Their Quotes
Dec 26, 2013

Vietnam rice sellers lowered their quotes for 5% broken rice, 25% broken rice and 100% broken rice by about
$5 per ton each to about $405 - $415 per ton, $380 – $390 per ton and $360 - $370 per ton respectively, but
increased their quotes for jasmine rice by about $5 per ton to about $610 - $620 per ton. India rice sellers
lowered their quotes for 100% broken rice by about $5 per ton to about $300 - $310 per ton, while Pakistan rice
sellers lowered their quotes for parboiled rice by about $10 per ton to about $415 - $425 per ton. Thailand rice
sellers kept their quotes unchanged today.
5% Broken Rice
Thai 5% rice (of new crop) is quoted around $420 - $430 per ton, about a $15 per ton premium over Viet 5%
rice shown around $405 - $415 per ton, down about $5 per ton from yesterday. Thai 5% rice of the old crop is
Indian 5% rice is quoted around $410 - $420 per ton, about a $30 per ton premium over Pak 5% rice quoted
25% Broken Rice
Thai 25% rice (of new crop) is quoted about $375 - $385 per ton, about a $5 per ton discount to Viet 25% rice
shown around $380 - $390 per ton, down about $5 per ton from yesterday. Thai 25% rice of the old crop is
Indian 25% rice is quoted about $370 - $380 per ton, about a $30 per ton premium over Pak 25% rice quoted

Cell # 92 321 369 2874

Parboiled Rice
Thai parboiled rice of the old crop is quoted around $440 - $450 per ton. Thai parboiled rice quotes of the new
crop are unavailable today.
Indian parboiled rice is quoted around $395 - $405 per ton, about a $20 per ton discount to Pak parboiled rice
quoted around $415 - $425 per ton, down about $10 per ton from yesterday.
100% Broken Rice
Thai broken rice, A1 Super, of the old crop is quoted around $295 - $305 per ton and about a $65 per ton
discount to Viet broken rice shown around $360 - $370 per ton, down about $5 per ton from yesterday. Thai
broken rice quotes of the new crop are unavailable today.
Indian broken sortexed rice is quoted about $300 - $310 per ton, down about $5 per ton from yesterday and
about a $15 per ton discount to Pak broken sortexed rice quoted around $315 - $325 per ton.
Tags: Asia rice quotes, India rice quotes, Thailand rice quotes, Pakistan rice quotes, Vietnam rice quotes

Australia SunRice Increases Paddy Purchase Prices
Dec 26, 2013

Australian rice industry‟s food company SunRice has increased the paddy purchase price of the 2013 crop by 20
Australian dollars (about $18) per ton, which means the indicative full year paddy price has now increased to
around 280 Australian dollars (about $250) per ton, according to local sources.
The Ricegrowers „Association of Australia (RGA) says the move will result in a one-off supplementary
payment of 15 Australian dollars (about $13) per ton for all rice varieties which is payable to growers
immediately. The RGA adds that the benefits of the company‟s strong performance in the first six months of the
current financial year (April – March) will flow into local communities and boost the 2014 rice crop.
RGA President, Les Gordon, says, “Growers are about half way through the season and approaching a critical
time for the crop when it needs additional nutrients and precise water management. The supplementary payment
will provide a welcome boost to growers‟ cash flow for the start of 2014.” He adds that other associated
communities such as transport and fertilizer companies will also benefit from around 17 million Australian
dollars (about $15 million) in supplementary paddy payments alone in the next few months.
Australia‟s paddy rice production is expected to reach around 1.16 million tons in 2012-13 (about 840,000 tons,
milled basis) and forecast at around 944,000 tons (about 680,000 tons, basis milled) in 2013-14, according to
the USDA. Australia‟s 2012-13 rice exports are estimated at around 500,000 tons, while 2013-14 rice exports
are projected to reach around 520,000 tons.
Tags: australia rice

Cell # 92 321 369 2874

Iraq Tenders to Buy Minimum 30,000 Tons of Rice
Dec 26, 2013

Iraq has issued an international tender to purchase a minimum of 30,000 tons of long-grain rice sourced from
Thailand, the U.S., Argentina or Uruguay. The last date for submission of applications is January 13, 2014, and
offers must remain valid until January 17, 2014.
Read related Oryza story:
Iraq Rejects All Offers in Recent Tender for 30,000 Tons of Rice
Tags: Iraq rice tender

Oryza Overnight Recap – Chicago Rough Rice Futures Prepare to Reopen Following
Mid-Week Holiday Break
Dec 26, 2013

Agricultural futures have been closed since Tuesday afternoon and are scheduled to reopen at 8:30am Chicago
time this morning.U.S. stock index futures added to modest gains on Thursday after the government reported
jobless claims fell more than expected last week, casting a favorable light on the labor market. The Labor
Department reported claims fell by 42,000 to 338,000 last week. Economists had projected state unemployment
benefits would total 345,000 for the week ended December 21, with claims for the prior week revised to show
1,000 more applications received than previously reported. The markets continue in Santa-rally mode, with
major market indexes hitting highs.
The Dow industrials have been on a tear following the Federal Reserve's decision last week to cut back on its
$85 billion a month bond-buying program. The Dow Jones Industrial Average rose 62.94 points, or 0.4 percent,
on Tuesday to a record close of 16,357.55, while the S&P 500 also touched an all-time closing high, up 5.33
points, or 0.3 percent, to 1,833.32. U.S. stock index futures are currently trading about 0.2% higher, gold is
currently trading about 0.5% lower, crude oil is seen trading about 0.2% higher, and the U.S. dollar is currently
trading marginally lower at 8:00am Chicago time.
Tags: chicago rough rice futures

Oryza Quick Glance at World News
ec 26, 2013

Financial Times –

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*South Sudan‟s embattled government claimed a victory on Tuesday when President Salva Kiir said his
splintered army had retaken a state capital that last week fell to rebels, in fighting that injured two UN
peacekeepers, and reportedly drew Ugandan air support.
*Rusal, the aluminum producer controlled by oligarch Oleg Deripaska, is taking the London Metal Exchange to
court, claiming a crackdown on the metals warehousing industry is a breach of its “human rights”. The loss
making Russian company confirmed that it had filed a judicial review in the U.K., demanding proposed rule
changes by the LME are overturned.
*Turkey‟s corruption crisis deepened after Prime Minister Tayyip Erdogan said he replaced ten cabinet
ministers, half of his total roster, after three ministers resigned over a high-level graft inquiry on Wednesday.
*Shinzo Abe has become the first Japanese prime minister to visit Yasukuni shrine in seven years, provoking
anger in China where the controversial war memorial is reviled as a symbol of Japanese imperialism. Mr Abe
worshipped at the shrine on Thursday to mark the first anniversary of his administration.
*Kazakhstan has agreed to allow the wife and daughter of a prominent fugitive ex-banker and political activist,
Mukhtar Ablyazov, to leave the country temporarily in response to intense pressure from Italy, which has
admitted it wrongly deported them from Rome last May.
*Israel‟s military bombed targets across the Gaza strip on Tuesday afternoon, killing a three-year-old girl, as it
retaliated for the fatal shooting of an Israeli civilian worker near the border, marking one of the biggest flareups of violence in the area since Israel‟s last military conflict with Hamas in November 2012.
*Russia has made the EU the target of its first WTO suit, claiming that Brussels has unfairly thwarted the ability
of certain Russian chemical and manufacturing groups to break into the European market.
*Taiwan‟s Fair Trade Commission fined Apple $666,700 for restricting the prices charged by local telecom
carriers for their iPhone contracts, the first time Apple has been fined for such practices.
Wall Street Journal*U.S. and Japanese officials are putting a new focus on Okinawa, the hub of the American military presence in
East Asia, pressuring reluctant local residents to approve by year's end a long-stalled plan to move a base for
U.S. Marines.
*China's food and drug watchdog is strengthening quality standards for domestic infant-formula makers in an
effort to rebuild consumer trust in a lucrative yet scandal-plagued industry
*A federal judge has rejected BP argument that a multibillion-dollar settlement over the company's massive
2010 Gulf oil spill should not compensate businesses if they cannot directly trace their losses to the spill.
*Russia will lend Belarus $2 billion in financial aid in 2014, Russian President Vladimir Putin said Wednesday,
Russian news agencies reported.
*The Taliban claimed responsibility for a rocket attack on the sprawling U.S. embassy compound in Kabul on
Wednesday, an incident that caused no casualties. Wednesday's attack, which occurred at 6:40 a.m. local time,
set off a duck-and-cover alarm that sent embassy personnel into hardened shelters in the heavily fortified
embassy complex.
*Chinese authorities this week discovered a narrow concrete tunnel built by smugglers intending to shuttle
consumer goods from Hong Kong across the border to the mainland Chinese city of Shenzhen.
*The struggling oil company of former Brazilian billionaire Eike Batista on Tuesday said it struck a deal with
creditors to renegotiate the firm's heavy debts, which may be a step toward exiting from bankruptcy protection.
*Wheat prices are trawling 19-month lows as rising global production is reducing demand for U.S. supplies of
the grain. Prices have fallen about 13% in the past two months amid signs of healthy harvests in Canada and

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Australia. The U.S. Department of Agriculture expects world wheat output to rise 8.4% to 711.4 million metric
tons in the marketing year that started June 1.
New York Times*The Bank of Japan will likely hold off on expanding its monetary stimulus until at least late next year and may
consider adopting a policy that directly targets bond yield levels in the future, a former central bank board
member said.
*The U.S. is quietly rushing dozens of Hellfire missiles and low-tech surveillance drones to Iraq to help
government forces combat an explosion of violence by a Qaeda-backed insurgency that is gaining territory in
both western Iraq and neighboring Syria.
*Tens of thousands of troops fanned out across Bangladesh on Thursday in a bid to stem political violence
ahead of next month's elections, which the opposition Bangladesh Nationalist Party (BNP) has boycotted.
*China's economic growth is likely to come in at 7.6% this year, according to a cabinet report cited by the
official Xinhua news agency, just above the government's target of 7.5% and slightly below last year's 7.7%.
*Japan is preparing to unveil a set of recommendations for institutional investors designed to boost returns,
transparency, and corporate governance, sources familiar with the situation said on Thursday.
*A spate of violent Palestinian attacks on Israeli targets in recent weeks is raising concerns in Israel that it may
be on the verge of a new type of Palestinian uprising.
Tags: World news

Oryza Global Rice Quotes
December 26th, 2013
Long grain white rice - high quality
Thailand 100% B grade
430-440
Vietnam 5% broken 405-415
↓
India 5% broken
410-420
↔
Pakistan 5% broken 380-390
↔
Cambodia 5% broken 460-470
↔
U.S. 4% broken
590-600
↔
Uruguay 5% broken 625-635
↔
Argentina 5% broken 625-635
↔

↔

Long grain white rice - low quality
Thailand 25% broken 375-385
↔
Vietnam 25% broken 380-390
↓
Pakistan 25% broken 340-350
↔
Cambodia 25% broken
435-445
↔
India 25% broken
370-380
↔
U.S. 15% broken
570-580
↔
Long grain parboiled rice
Thailand parboiled 100% stxd
440-450

↔

Cell # 92 321 369 2874

Pakistan parboiled 5% broken stxd 415-425
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%
960-970
↔
Vietnam Jasmine
610-620
↑
India basmati 2% broken
1515 -1525 ↔
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Malis 910-920
↔
Brokens
Thailand A1 Super
295-305
↔
Vietnam 100% broken
360-370
↓
Pakistan 100% broken stxd 315-325
↔
Cambodia A1 Super 375-385
↔
India 100% Broken stxd
300-310
↓
Egypt medium grain brokens NQ ↔
U.S. pet food 395-405
↔
Brazil half grain
345-355
↔
Medium grain milled
U.S. Calrose 4% broken
620-630
↔
Egypt medium grain 6%
NQ ↔

↓
↔

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

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27th december 2013 oryza news by riceplus magazine

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27th december 2013 oryza news by riceplus magazine