Chicago rough rice futures decline on Ukraine concerns

29th August , 2014
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Latest News Headlines…
 Asia Rice Quotes Unchanged Today
 Global Warming and Climate Change May Reduce Bangladesh
Paddy Yields by Half in 2070, Say Experts
 Oryza Afternoon Recap - Chicago Rough Rice Futures Continue
Lower as Traders Exit Long Sep Positions ahead of Delivery Period
 Oryza Overnight Recap - Chicago Rough Rice Futures Trade Lower
as Longs Continue to Liquidate ahead of Expected Large Harvest
 Myanmar Rice Farmers Fear Low Output and Incomes due to Heavy
Rains
 Oryza Global Rice Quotes
 Oryza U.S. Rough Rice Recap - Prices Go Nowhere despite New Sale
to Venezuela
 Italian Arborio and Domestic Rice Sales Surpass Availability; Almost
96% of Italian Paddy Sold
 Oryza Weekly Global Weather Outlook
 India Average Wholesale Rice Prices Increase Slightly in August
2014
 Thai Rice Export Sector Feels Heat of Labor Shortages
 USDA Post Estimates EU Milled Rice Imports to Decline and Exports
to Increase in 2014
NEWS DETAILS:
Asia Rice Quotes Unchanged Today
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Aug 28, 2014

Asia sellers kept their quotes unchanged today .
5% Broken Rice
Thailand 5% rice is quoted at around $440 - $450 per ton, about $5 per ton discount to Vietnam 5% rice quoted
at around $445 - $455 per ton. India 5% rice is quoted at around $435 - $445 per ton, on par with Pakistan 5%
rice quoted at around $435 - $445 per ton.
25% Broken Rice
Thailand 25% rice was last quoted at around $350 - $360 per ton, about $50 per ton discount to Vietnam 25%
rice quoted at around $400 - $410 per ton. India 25% rice is quoted at around $390 - $400 per ton, on par with
Pakistan 25% rice quoted at around $390 - $400 per ton.
Parboiled Rice
Thailand parboiled rice is quoted at around $440 - $450 per ton. India parboiled rice is quoted at around $425 -
$435 per ton, about $15 per ton discount to Pakistan parboiled rice quoted at around $440 - $450 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, was last quoted at around $310 - $320 per ton, about $30 per ton discount to
Vietnam broken rice shown at around $340 - $350 per ton.
India broken sortexed rice is quoted at around $345 - $355 per ton, about $15 per ton premium on Pakistan
broken sortexed rice quoted at around $330 - $340 per ton.
Tags: Vietnam rice prices, India rice prices, Thailand rice prices, pakistan rice prices
Global Warming and Climate Change May Reduce
Bangladesh Paddy Yields by Half in 2070, Say
Experts
Aug 28, 2014
Experts are fearing that global warming and climate change could reduce Bangladesh's paddy yields by about
50% in 2070, according to local sources.Speaking at the national workshop on "Greenhouse Gas (GHG)

Emissions from Rice Field: Finding
Mitigation Options from Fertilizer Deep
Placement and Alternative Wetting and
Drying", the Director General(DG) of the
Bangladesh Rice Research Institute
(BRRI) noted that the country's per hectare
yield, which was around 5.5 tons, is likely
to be reduced to around 2 tons per hectare
by 2017 due to global warming and
climate changes. He added that experts are
witnessing quick changes in the country's
rice ecosystems due to climate changes.
Climate change factors such as salinity, flash floods, drought, cold waves, excessive heat, stagnant floods and
tidal floods have been severely impacting rice production in the country, the BRRI DG noted. He further added
that Bangladesh is one of the most vulnerable countries of global warming and climate change.He noted that the
BRRI has been working closely with the International Fertilizer Development Center (IFDC) under the
Accelerating Agriculture Productivity Improvement (AAPI) project to reduce carbon emissions from rice fields
as well as developing newer climate change, drought and salinity-tolerant rice varieties.
According to USDA, Bangladesh currently produces around 4.4 tons of paddy per hectare. USDA estimates
Bangladesh to produce around 34.8 million tons of rice in MY 2014-15 (May - April), up about 1% from an
estimated 34.59 million tons in MY 2013-14. It estimates Bangladesh to import around 100,000 tons of rice in
2015, down about 75% from an estimated 400,000 tons in 2014. The country's rice consumption needs are
estimated at around 34.8 million tons in MY 2014-15 slightly up from an estimated 34.6 million tons in MY
2013-14.
Tags: Bangladesh paddy yields, Climate change, global warming
Oryza Afternoon Recap - Chicago Rough Rice
Futures Continue Lower as Traders Exit Long Sep
Positions ahead of Delivery Period
Aug 28, 2014
Chicago rough rice futures for Sep delivery settled 11 cent per cwt (about $2 per ton) lower at $12.685 per cwt
(about $280 per ton). The other grains finished the day higher; soybeans closed about 0.5% higher at $10.2875

per bushel; wheat finished about 1.7% higher at $5.5650 per bushel, and corn finished the day about 1.2%
higher at $3.6925 per bushel.
U.S. stocks declined on Thursday, pulling the S&P 500 off its record above 2,000, as concerns about Ukraine
overtook upbeat reports on the U.S. economy and the labor market. Ahead of the open, stock-index futures
briefly cut their losses some after government data. Figures from the Commerce Department showed the
economy expanded more than previously projected, with gross domestic product rising at a 4.2% annualized
pace, versus an earlier estimate of 4% that follows contraction in the first quarter. Another report from the
Labor Department had the government's count of Americans filing for jobless benefits dropping by 1,000 to
298,000 last week.
And, the National Association of Realtors reported more Americans signed contracts to buy existing homes in
July, with its index of pending home sales up 3.3%. But the better-than-expected data was overshadowed by
reports of intensified fighting in Ukraine, with that nation's president on Thursday saying Russian troops had
entered the country and were fighting along alongside Russian-backed separatists. The Dow Jones Industrial
Average shed just over 100 points, and was lately off 60.55 points, or 0.4%, at 17,061.46. The S&P 500 lost
4.80 points, or 0.2%, to 1,995.32, with financials fronting losses among its 10 major industry groups. The
Nasdaq declined 11.23 points, or 0.3%, to 4,558.38. Gold is trading about 0.6% higher, crude oil is seen trading
about 0.7% higher, and the U.S. dollar is seen trading about 0.1% higher at about 1:00pm Chicago time.
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market
Oryza Overnight Recap - Chicago Rough Rice
Futures Trade Lower as Longs Continue to
Liquidate ahead of Expected Large Harvest
Aug 28, 2014
Chicago rough rice futures for Sep delivery are seen 5.5 cents per cwt (about $1 per ton) lower at $12.740 per
cwt (about $281 per ton) during early floor trading in Chicago. The other grains are seen higher this morning:
soybeans are currently seen 0.7% higher, wheat is listed about 2.9% higher and corn is noted about 0.8%
higher. U.S. stocks declined on Thursday, with the Dow industrials taking a triple-digit hit, as concerns about
Ukraine overtook upbeat reports on the U.S. economy and the labor market. Ahead of the open, stock-index
futures briefly cut their losses some after government data.
Figures from the Commerce Department showed the economy expanded more than previously projected, with
gross domestic product rising at a 4.2% annualized pace, versus an earlier estimate of 4% that follows

contraction in the first quarter. Another report from the Labor Department had the government's count of
Americans filing for jobless benefits dropping by 1,000 to 298,000 last week. And, the National Association of
Realtors reported more Americans signed contracts to buy existing homes in July, with its index of pending
home sales up 3.3%.
But the better-than-expected data was overshadowed by reports of intensified fighting in Ukraine, with that
nation's president on Thursday saying Russian troops had entered the country and were fighting along alongside
Russian-backed separatists. U.S. stocks are currently trading about 0.4% lower, gold is currently trading about
0.8% higher, crude oil is seen trading about 0.5% higher, and the U.S. dollar is currently trading about 0.2%
higher at 8:45am Chicago time.
Tags: U.S. rice prices, U.S. rice market, chicago rough rice futures
Myanmar Rice Farmers Fear Low Output and
Incomes due to Heavy Rains
Aug 28, 2014
Farmers in the Irrawaddy Delta, known as the
rice bowl of Myanmar, began rice planting in
August three months late from the normal
planting time in May every year, according to
local sources.Heavy rains and flooding since the
beginning of rice growing season in May this
year have disrupted rice planting in Myanmar.
Farmers have been waiting for flood water to
recede from fields. Now they say they are
working day in and day out to ensure reasonable
output this year. However, most of them are
fearing delayed and low outputs accordingly.
They say they have to adjust with minimal
incomes this year.
Myanmar government is keen on regaining its once top rice exporter status and is accordingly planning to
increase its rice exports to about 3 million tons over the next five years, up almost three times the current
exports of around one million tons. In this backdrop, a decline in production may be a discouraging factor to the
country's rice sector.Meanwhile, Chinese authorities are visiting Myanmar to discuss on cross-border trade and
finalize a framework highlighting aspects for legalizing rice exports to China. After the negotiations, they will

first sign an agreement on quality inspection and then finalize a rice export agreement between the two
countries.
China is an important destination to Myanmar but most of the rice is exported through its northern borders,
which the Chinese authorities claim as illegal. In 2013, Myanmar exported around 747,000 tons of rice to China
through its northern borders and says exports are legal. Myanmar's total rice exports are likely to reach around
1.1 million tons in FY 2013-14, down 47% from 2.1 million tons exported in FY 2012-13 fiscal, according to
the Minister of Commerce.
USDA estimates Myanmar's rice exports in 2014 to grow to around 1.3 million tons, up about 12% from the
previous year's level of around 1.16 tons. The country's milled rice production is estimated at 11.96 million tons
in MY 2013-14 (January 2014 - December 2014) against a consumption of around 10.5 million tons.
Tags: myanmar rice production, Myanmar rice planting, myanmar rice exports
Oryza Global Rice Quotes
August 28th, 2014
Long grain white rice - high quality
Thailand 100% B grade 455-465 ↔
Vietnam 5% broken 445-455 ↔
India 5% broken 435-445 ↔
Pakistan 5% broken 435-445 ↔
Cambodia 5% broken 465-475 ↔
U.S. 4% broken 535-545 ↔
Uruguay 5% broken 610-620 ↔
Argentina 5% broken 610-620 ↔
Long grain white rice - low quality
Thailand 25% broken NQ ↔

Pakistan 25% broken 390-400 ↔
Cambodia 25% broken 450-460 ↔
India 25% broken 390-400 ↔
U.S. 15% broken 525-535 ↔
Long grain parboiled rice
Thailand parboiled 100% stxd 440-450 ↔
Pakistan parboiled 5% broken stxd 440-450 ↔
India parboiled 5% broken stxd 425-435 ↔
U.S. parboiled 4% broken 630-640 ↔
Brazil parboiled 5% broken 595-605 ↔
Uruguay parboiled 5% broken NQ ↔
Long grain fragrant rice
Thailand Hommali 92% 1055-1065 ↔
Vietnam Jasmine 580-590 ↔
India basmati 2% broken NQ ↔
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Malis 880-890 ↔
Brokens
Thailand A1 Super NQ ↔
Pakistan 100% broken stxd 330-340 ↔
Cambodia A1 Super 360-370 ↔

India 100% Broken stxd 345-355 ↔
Egypt medium grain brokens NQ ↔
U.S. pet food 470-480 ↔
Brazil half grain NQ ↔
U.S. Calrose 4% broken 1025-1035 ↔
Egypt medium grain 6% NQ ↔
All prices USD per ton, FOB vessel, oryza.com
Oryza U.S. Rough Rice Recap - Prices Go Nowhere
despite New Sale to Venezuela
Medium grain milled
Aug 28, 2014
The U.S. cash market saw prices hold today despite the fact the US sold another vessel to Venezuela which
some analysts believed could have been the spark to reignite higher prices.As of today, offers were unchanged
around $13.00-$13.33 per cwt fob farm (about $287-$294 per ton) while bids have not budged from around
$12.85-$13.25 per cwt (about $282-$292 per ton) for September-October delivery.In the meantime, today the
USDA reported that cumulative net export sales for the week ending on August 21st, totaled 58,700 tons with
increases reported for the following destinations including: 30,000 tons to Venezuela, 14,300 tons to Mexico,
4,200 tons to Saudi Arabia, 2,800 tons to El Salvador, and 2,500 tons to Jordan.
U.S. rice exporters shipped 18,500 tons with the primary destinations including: 7,000 tons to Haiti, 3,900 tons
to Mexico, 2,400 tons to Jordan, 2,000 tons to Canada, and 900 tons to Saudi Arabia.
Tags: U.S. rice prices, U.S. rice market
Italian Arborio and Domestic Rice Sales Surpass
Availability; Almost 96% of Italian Paddy Sold

Aug 28, 2014
With less than a month left before the next harvest, there are 69,856 tons of paddy rice still available on the
Italian market. About 1,387,171 tons have been sold from the 1,447,783 tons first available in September 2013;
in other words, about 95.81% of the original crop was sold by August 19. The week of August 12-August 19
saw very reduced sales amounting to only 5,810 tons (0.4% of availability).Many varieties are no longer on the
market. Some highly-requested varieties have seen sales surpass availability. Specifically, Arborio-Volano’s
beginning availability was fixed at 78,899 tons, but at least 84,580 tons have already been sold. This is
happening with domestic varieties, too: beginning availability was 281,933 tons, and sales now amount to
287,171 tons (101.9%), while export varieties have been sold at 97.8%.
Tags: arborio, Paddy, Italian rice market, Italian rice exports
Oryza Weekly Global Weather Outlook
Aug 28, 2014
Heavy rain is expected in south-western Guangdong, central-southern Guangxi, Hainan, southern Sichuan,
north-eastern Chongqing, western Hubei, central Hebei and western Beijing in China from August 28-30.
Abundant rain is expected over Thailand during the next two days, fading to scattered rains. Rain showers in
Thailand maintain favorable moisture conditions for rice in the north and northeast, while improving seasonal
moisture conditions in the Central Plain Region; more rainfall would be welcomed in this region to alleviate
seasonal deficits and ensure good moisture reserves for the upcoming dry-season rice crop.
Rain showers are expected across northern Vietnam on Thursday and Friday. Light rain is expected across
southern Vietnam on today and tomorrow. Rainfall for the month of August remained unseasonably low,
benefiting summer rice harvesting in the south but increasing irrigation demands for winter rice transplanting in
both the north and south.
Heavy rain is expected at few places in India such as Andhra Pradesh, Telangana, Karnataka and Maharashtra
during the next two days. Thereafter, rain showers are expected over most parts of the country from August 31-
September 3.
Hot and humid weather is expected in most parts of Pakistan today and tomorrow. However, isolated
thundershowers are expected across Hazara, Rawalpindi, Mirpurkhas, Zhob, Kalat divisions, Kashmir and
Gilgit-Baltistan on Thursday and Friday.

Light rain is expected at most places over Dhaka, Rangpur, Chittagong & Sylhet divisions in Bangladesh on
Thursday and Friday.
In Indonesia, rain showers are expected from northern Borneo to northern Sumatra on Thursday and Friday.
By August 24, 94% of the U.S. rice crop was at the heading stage, 4% ahead of the same time last year.
Producers had harvested 11% of the nation’s rice crop by August 24, according to the USDA. In Arkansas, rice
producers continued to gradually terminate irrigation and started to drain fields in preparation for harvest.
Overall, 74% of the rice crop was reported in good to excellent condition.
Tags: weather, Rice weather, rice news
India Average Wholesale Rice Prices Increase
Slightly in August 2014
Aug 28, 2014

India average wholesale rice prices increased slightly in August 2014 after they increased sharply in July 2014,
according to official sources. The correction has been mainly due to subdued fears on rice production from the
kharif (June - December) main rice crop with monsoons resuming in many parts of India.
Average monthly wholesale rice prices in India increased to around Rs.3,233 per quintal in August 2014,
slightly up from around Rs.3,217 per quintal in July 2014, and up about 21% from around Rs.2,675 per quintal
in August 2013.In terms of USD per ton, wholesale rice prices in India stand at around $539 per ton (using
current exchange rates) in August 2014, slightly up from around $536 per ton (using historical exchange rates)
in July 2014, and up about 39% from around $389 per ton (using historical exchange rates) in August
2013. The average wholesale rice price in January - August 2014 stands at around Rs.2,941 per quintal, up
about 11% from around Rs.2,647 per quintal during the same period in 2013.
In USD per ton terms, the average wholesale price in January - August 2014 stood at around $486 per ton
(using historical exchange rates), up about 5% from around $463 per ton during the same period in
2013.Analysts are expecting further increase in prices if lesser than expected monsoon rains dent India's main
rice crop, which relies heavily on monsoon rainfall between June - September. Indian has been experiencing
11% deficit rainfall as of August 28, 2014, according to the Indian Meteorological Department (IMD).However,
picking up of monsoon rains in most parts of the country is indeed providing a solace to rice growers.
Tags: India rice prices, India rice production, India kharif rice planting
Thai Rice Export Sector Feels Heat of Labor
Shortages
Nearly 200,000 migrant workers at ports have left Thailand fearing military crackdown after the military
government took over on May 22, 2014. The Thai rice export sector is feeling the heat of this development.
Around 500,000 tons of Thai rice shipments, mostly to African destinations, are being delayed due to labor
shortages at ports, according to local sources.Due to labor shortages at ports, loading is taking two-three weeks
longer than normal time and most of the June shipments have been pushed off to August and some of them have
been postponed to September, according to Thai Rice Exporters Association (TREA). Private trade sources say
currently only 500 tons of rice is being loaded per day compared with normal pace of 2,000 - 3,000 tons a day.
If this situation continues, Thai government's plan to offload maximum quantity of rice stocks accumulated
from the previous government's rice pledging scheme may be disrupted, say local sources. The military
government is planning to export over 9 million tons of rice this year. It exported around 4.7 million tons of rice
in the first six months of 2014. However, exports in second half are likely to be impacted due to labor
shortages.The military government, which halted the rice sales to carry out nationwide stock inspections have
resumed sales and have auctioned off around 73,000 tons of rice in the first auction on August 8,
2014. According to data from the Department of Employment, Thailand has nearly 2.23 million migrant

workers, including 1.82 million people who entered the country illegally. The data shows that 1.74 million are
from Myanmar, 395,000 from Cambodia and 96,000 from Laos.
Tags: Thai rice exports, All India Rice Exports Association (TREA)
USDA Post Estimates EU Milled Rice Imports to
Decline and Exports to Increase in 2014
The Post estimates EU's 2014 milled rice imports at around 1.5 million tons, down about 9% from around 1.37
million tons imported in 2013. It expects EU imports to decline about 7% to around 1.4 million tons in
2015.The Post estimates EU's 2014 milled rice exports at around 300,000 tons, up about 48% from around
203,000 tons exported in 2013. It expects EU exports to decline about 33% to around 200,000 tons in 2015.
USDA Post has estimated the European Union (EU) milled rice production in MY 2013-14 (September -
August) to decline to around 1.94 million tons, down about 7% from around 2 million tons produced in MY
2012-13. It estimates the EU milled rice production in MY 2014-15 to increase by about 1.5% to around 1.97
million tons.Harvesting for most of the crops, including rice is almost complete. Though the planting period
started with much optimism in the spring, persistent wet weather in most parts of the continent has been
delaying harvests and is causing concern on quantity and quality of rice produced.
Tags: EU rice production, EU rice imports, EU rice exports

Chicago rough rice futures decline on Ukraine concerns

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