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December 8, 2015

Exclusive ORYZA E-Newsletter

DAILYCompiled
EXCLUSIVE
ORYZA E-NEWSLETTER
& Edited by Riceplus Magazine

January 08, 2014

Vol 5 Issue I

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DAILY EXCLUSIVE ORYZA E-NEWSLETTER

News Headlines
Oryza Afternoon Recap - Chicago Rough
Rice Futures Close Higher but Far from
Session High; Grains Pull Back as Traders
Adjust ahead of Monday's USDA Report
Global Rice Quotes
Chinese Hongilian-Type Hybrid Rice
Varieties Can Improve Yields in Asia and
Africa
Mexico to Impose Import Tariffs on Paddy
and Rice from January 9, 2015
Experts Call for National Rice Brand to
Enhance Value of Vietnamese Rice
Indian North Eastern State Mizoram to
Import 200,000 Tons of Rice from Myanmar
Oryza Overnight Recap - Chicago Rough
Rice Futures Remain Flat as Market Searches
for Direction
Pakistan Rice Sellers Lower Some of Their
Quotes Today; Other Asia Rice Quotes
Unchanged
Vietnam Cuts Export Floor Prices of Higher
and Medium Quality Rice Varieties to Meet
Philippine Demand

News Detail
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Oryza Afternoon Recap - Chicago Rough

Rice Futures Close Higher but Far from
Session High; Grains Pull Back as Traders
Adjust ahead of Monday's USDA Report
Jan 07, 2015

Chicago rough rice futures for Mar delivery settled 4.5 cents per cwt (about $1 per ton) higher at
$11.650 per cwt (about $257 per ton). Rough rice futures found stronger buying interest today,
moving higher and trading up as much as 12.5 cents per cwt (about $3 per ton) during afternoon
trading. Although the market closed off of the sessions high todays uptick in buying is seen as a
positive development for the short-term market outlook. The other grains mostly retraced today,
with beans seen as the only component of the complex to pull off a slight gain; Soybeans closed
about 0.05% higher at $10.5625 per bushel; wheat finished about 2.1% lower at $5.7950 per
bushel, and corn finished the day about 2.2% lower at $3.9625 per bushel.
U.S. stocks jumped on Wednesday, with the S&P 500 rebounding from a five-session dive, after
positive data on the labor market and as investors mulled minutes from the Federal Reserve.
Private employers added 241,000 jobs to their payrolls in December, surpassing projections of a
226,000 gain, according to the ADP National Employment report. The figures come two days
before the U.S. Labor Department's nonfarm payrolls report, with economists surveyed by
Reuters looking for employment growth of 240,000 last month and a jobless rate of 5.7%. After
a 206-point leap, the Dow Jones Industrial Average was lately up 187.60 points, or 1.1%, to
17,559.24. The S&P 500 added 22.71 points, or 1.1%, to 2,025.32, with health care the strongest
performer and all but one of its 10 major sectors rising. The Nasdaq gained 51.28 points, or
1.1%, to 4,644.02. Gold is trading about 0.7% lower, crude oil is seen trading about 0.5% higher,
and the U.S. dollar is seen trading about 0.6% higher at about 1:00pm Chicago time.
Tuesday, there were 228 contracts traded, down from 590 contracts traded on Monday. Open
interest the number of contracts outstanding on Tuesday increased by 33 contracts to 8,857.

Global Rice Quotes

January 7th, 2015

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Long grain white rice - high quality

Thailand 100% B grade

420-430

Vietnam 5% broken 375-385

India 5% broken

385-395

Pakistan 5% broken

375-385

Cambodia 5% broken 450-460

U.S. 4% broken

510-520

Uruguay 5% broken 595-605

Argentina 5% broken 595-605

Long grain white rice - low quality

Thailand 25% broken NQ

Vietnam 25% broken 345-355

Pakistan 25% broken 325-335

Cambodia 25% broken

430-440

India 25% broken

350-360

U.S. 15% broken

495-505

Long grain parboiled rice

Thailand parboiled 100% stxd

405-415

Pakistan parboiled 5% broken stxd

405-415

India parboiled 5% broken stxd

375-385

580-590

Brazil parboiled 5% broken 570-580

U.S. parboiled 4% broken

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Uruguay parboiled 5% broken

NQ

Long grain fragrant rice

Thailand Hommali 92%
Vietnam Jasmine

895-905

510-520

NQ

Pakistan basmati 2% broken NQ

India basmati 2% broken

Cambodia Phka Mails

805-815

Brokens
Thailand A1 Super

330-340

Vietnam 100% broken

325-335

Pakistan 100% broken stxd

300-310

Cambodia A1 Super 355-365

India 100% broken stxd

295-305

Egypt medium grain brokens NQ

U.S. pet food 390-400

Brazil half grain

NQ

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

Chinese Hongilian-Type Hybrid Rice

Varieties Can Improve Yields in Asia and
Africa
Jan 07, 2015

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The Hongilian-type hybrid rice varieties, developed by Zhu Yingguo of the Wuhan University
Hybrid Rice Research Project, are the most sought hybrid rice varieties in South and Southeast
Asian countries such as Pakistan, Bangladesh, Myanmar, Indonesia, Philippines and African
countries for their ability to provide high yields as well and their wide adaptability to new
growing conditions, according to a news release by the Wuhan University website.The varieties
are relatively new in China but have been gaining wide acceptance in foreign countries. They are
an environment friendly rice varieties and adjust well to the tropical climate and land conditions

quickly compared to local hybrid rice varieties in respective countries and require less fertilizer.
High yield, grain quality and resistance to pests are other advantages associated with the
Hongilian-type hybrid rice varieties, according to the website. A Hongilian-type hybrid rice
variety was recognized as the "Chinese Super Hybrid Rice" in 2009.
"The agricultural sectors of Indonesia, Philippines, Pakistan and other countries have expressed
the hope to further deepen cooperation with us; and they also wanted to carry out cooperation in
terms of scientific research, application and promotion, personnel training and other aspects,"
Zhu Yingguo was quoted as saying.The varieties can be helpful in ensuring food security in
Southeast Asia and Africa, according to experts.According to China's Agriculture Ministry,
average yields from hybrid rice varieties have been consistently growing since 2000. According
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to the Ministry, the yield of hybrid rice per hectare in China crossed 10.5 hectares in 2000, 12
tons in 2005 and 13.5 tons in 2011 respectively. It reached around 14.4 tons in 2012. A particular
hybrid rice variety called "Y liangyou 900" has produced a yield of about 1,004.5 kilograms per
mu (around 15 tons per hectare) in 2014, according to local sources

Mexico to Impose Import Tariffs on Paddy

and Rice from January 9, 2015
Jan 07, 2015

Mexico, which announced its decision to

reinstate import tariffs on paddy and rice,
in December 2014 will start imposing
tariffs with effect from January 9, 2014,
according to local sources. The North
American nation has imposed a 9% tariff
on imported paddy rice and a 20% tariff
husked, long grain and other imported
rice from all the countries that do not have
free trade agreements (FTAs) with it.
The Mexican government discontinued tariffs on paddy and rice imports in 2008 to reduce rice
prices in the country. However, it has decided to reinstate import tariffs as Mexico's paddy rice
production declined by about 50%, while domestic consumption has increased about 12%. Its
decision was published in a decree that was published in the Diario Official (Mexico's Federal
Register) on December 10, 2014. According to the Decree, reinstatement of import tariffs on
paddy and rice is necessary to promote production, processing, and marketing of domestic rice
and thus strengthen the overall competitiveness of Mexicos rice industry,
Mexico produces only 17% of its annual consumption needs of around 890,000 tons and imports
the rest. USDA estimates Mexico to import around 775,000 tons of rice, basis milled in 2014-15
(October - September), up about 11% from an estimated 700,000 tons in 2013-14.

Experts Call for National Rice Brand to

Enhance Value of Vietnamese Rice
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DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Jan 07, 2015

Experts have urged the Vietnam

government to develop a national brand for
Vietnamese
rice
to
increase
its
competitiveness in the world rice market,
according to local sources.Though Vietnam
is the world's second largest exporter of
rice in 2012 and 2013, experts say the
quality and competitive edge of
Vietnamese remains low compared to
Thailand and India and due to this
Vietnam's rice sector has not been able to
attract foreign investments. The government has been trying to invite several foreign investors to
increase the quality and quantity of rice production in the country but their efforts have not
yielded sufficient results.
The Southern Food Corporation (Vinafood I) Director General noted that Vietnamese rice has
not been able to attract high-end foreign customers due to lack f high-quality rice varieties. High
post-harvest losses, poor regional connectivity and lack of proper collaboration within the rice
value chain are main reasons for underdevelopment of the country's rice sector, he said.
Researchers from the Mekong Delta Development Research Institute (MDDRI) noted that
earnings of Vietnamese rice farmers are very low due to low prices of rice. The Head of the
MDDRI said the governemnt should study the country's rice value chain in detail and suggest
improvements in production, post-harvest treatment, quality, infrastructure and distribution. Thus
eventually a standard/brand could be developed for Vietnamese rice.
He also noted that unless incomes of farmers are improved, they are most likely to give up rice
farming. He added that the government needs to focus on devising proper policies to increase
rice production and incomes of farmers keeping in view the long-term food security of the
country.
Vietnam exported about 6.036 million tons of rice in January 1 - Dec 26, 2014, down about 10%
from about 6.71 million tons of rice exported in full year of 2013, according to data from the
Vietnam Food Association (VFA).

Indian North Eastern State Mizoram to

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Import 200,000 Tons of Rice from Myanmar

Jan 07, 2015

India's North Eastern

state of Mizoram has
decided to import
around 200,000 tons
of
rice
from
Myanmar, according
to local sources.The
state's Food and Civil
Supplies
Secretary
told local sources that
the bids submitted by
the
Myanmar
importers were within
the limits set by the
government without
specifying the exact amounts. However, he noted that the bids were lower than the earlier bids of
about Rs.5,500 per quintal (around $869 per ton) against the government's target of about $400
per ton when the Food Corporation of India (FCI) invited tenders in October 2014.
Therefore, the state government has decided to purchase rice from the private sector, including
from neighboring countries, to overcome shortages due to transportation disruptions from the
proposed railway conversion works on a 220-kilometer line between Assam and Tripura,
according to official sources. Earlier, the FCI officials said transporting rice within India would
prove costlier than importing from Myanmar.Imports if materialized would help the state to
create buffer stock to ensure uninterruptable supplies. Currently, Mizoram has around 25,939
tons of rice in stocks and there are no immediate supply issues, according to FCI sources.

Oryza Overnight Recap - Chicago Rough

Rice Futures Remain Flat as Market
Searches for Direction
Jan 07, 2015

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Chicago rough rice futures for Mar delivery were paused 2 cents per cwt (about $0.44 per ton)
lower at $11.585 per cwt (about $255 per ton) during early floor trading in Chicago. The other
grains are seen trading mixed: soybeans are currently seen 0.2% higher, wheat is listed about
0.1% lower and corn is currently noted about 0.3% lower.U.S. stock futures held sharp gains on
Wednesday after data had private-sector job creation increasing in December. The December
ADP unemployment report comes ahead of the nonfarm payrolls on Friday.
On Wednesday afternoon, minutes from the Federal Reserve's mid-December meeting will be
released, and could offer hints as to the timing of interest-rate hikes ahead. November's trade
deficit could have narrowed on the back of collapsing oil prices, forecast Ashworth. Oil prices
continued to fall on Wednesday, with the price of Brent crude temporarily dipping below $50 per
barrel, for the first time since mid-2009. Outside the U.S., official data showed that falling
energy prices pushed the euro zone into deflation, with prices falling 0.2% year-on-year in
December. U.S. stock index futures are seen trading about 0.8% higher. Gold is currently trading
about 0.6% lower, crude oil is seen trading about 0.6% higher, and the U.S. dollar is currently
trading about 0.6% higher at 10:10am Chicago time.

Pakistan Rice Sellers Lower Some of Their

Quotes Today; Other Asia Rice Quotes
Unchanged
Jan 07, 2015

Pakistan rice sellers lowered their quotes for 25% broken rice by about $5 per ton to around $325
- $335 per ton today. Other Asia rice sellers kept their quotes unchanged today.
5% Broken Rice
Thailand 5% rice is quoted at around $405 - $415 per ton, about $30 per ton premium on
Vietnam 5% rice shown at around $375 - $385 per ton. India 5% rice is quoted at around $385 $395 per ton, about $10 per ton premium on Pakistan 5% rice quoted at around $375 - $385 per
ton.
25% Broken Rice
Thailand 25% rice was last quoted at around $350 - $360 per ton, about $5 per ton premium on
Vietnam 25% rice shown at around $345 - $355 per ton. India 25% rice is quoted at around $350
- $360, about $25 per ton premium on Pakistan 25% rice quoted at around $325 - $335 per ton,
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down about $5 per ton from yesterday.

Parboiled Rice
Thailand parboiled rice is quoted at around $405 - $415 per ton. India parboiled rice is quoted at
around $375 - $385 per ton, about $30 per ton discount to Pakistan parboiled rice quoted at
around $405 - $415 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is quoted at around $330 - $340 per ton, about $5 per ton
premium on Vietnam 100% broken rice shown at around $325 - $335 per ton. India's 100%
broken rice is shown at around $295 - $305 per ton, about $5 per ton discount to Pakistan
broken sortexed rice quoted at around $300 - $310 per ton.

Vietnam Cuts Export Floor Prices of Higher

and Medium Quality Rice Varieties to Meet
Philippine Demand
Jan 07, 2015

Vietnam has cut export floor prices (minimum export prices) of higher quality and medium
quality rice such as 5%, 10% and 15% broken rice varieties to around $385 per ton, $375 per ton
and $365 per ton respectively to meet the Philippine demand of about 187,000 tons, according to
Reuters. All prices are on Free-on-Board (FOB) basis.The floor price of 5% broken rice was
reduced about 6% from $410 per ton, according to data from the Vietnam Food Authority
(VFA).
In December 2014, the Philippines National Food Authority allowed the private sector to import
another 187,000 tons of rice under the minimum access volume (MAV) program and the rice is
to be delivered before February 28, 2015.Vietnam had cut the export floor price of lower quality
25% broken rice variety to $380 per ton from about $410 per ton in November 2014.Vietnam
rice export prices have declined over the last week due to higher supplies from winter-spring
harvest and a sluggish demand from buyers. Export prices of 5% broken rice currently stand at
$370 per ton, down about 4% from about $386 per ton in the last week of December 2014. On
the other hand, export prices of 25% broken rice currently stand at $350 per ton, down about
1.4% from about $355 per ton in the last week of December 2014.

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Vietnam exported around 7.5 million tons of rice, including about 6.5 million tons of official rice
exports and around 1 million tons of unofficial rice exports to China through borders) in 2014,
according to the VFA.

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