May 05,2015

Daily Exclusive ORYZA Rice E-Newsletter

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Volume 5, Issue I
Daily Exclusive

ORYZA Rice
Newsletter

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2015 Arkansas Rice Pocket Guide Now

Available
May 04, 2015

The U.S. state of Arkansas is a major rice

producer and a center for rice research
and development. Agfax.com reports that
the latest copy of the 2015 Rice Pocket
Guide, published by the Division of
Agriculture Research & Extension, under
the University of Arkansas System, is
now available. The pocket guide
includes information on: agronomics,
soil fertility, weed control, disease
management, insect management, and
water management among other topics.
The 207 page pocket guide can be downloaded for free here:

Global Rice Quotes

May 5th, 2015

Long grain white rice - high quality

Thailand 100% B grade 385-395

Vietnam 5% broken

355-365

India 5% broken

370-380

Pakistan 5% broken

375-385

Myanmar 5% broken

415-425

Cambodia 5% broken

430-440

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U.S. 4% broken 480-490

Uruguay 5% broken

565-575

Argentina 5% broken

555-565

Thailand 25% broken

350-360

Vietnam 25% broken

330-340

Pakistan 25% broken

330-340

Cambodia 25% broken 410-420

India 25% broken

345-355

U.S. 15% broken

470-480

Long grain parboiled rice

Thailand parboiled 100% stxd

380-390

Pakistan parboiled 5% broken stxd

385-395

India parboiled 5% broken stxd 360-370

U.S. parboiled 4% broken

555-565

Brazil parboiled 5% broken

570-580

Uruguay parboiled 5% broken NQ

Long grain fragrant rice

Thailand Hommali 92% 885-895

Vietnam Jasmine

490-500

India basmati 2% broken

NQ

Pakistan basmati 2% broken

NQ

Cambodia Phka Mails

815-825

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Brokens
Thailand A1 Super

315-325

Vietnam 100% broken 300-310

Pakistan 100% broken stxd

Cambodia A1 Super

285-295

350-360

India 100% broken stxd 270-280

Egypt medium grain brokens

NQ

U.S. pet food

370-380

Brazil half grain NQ

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

EU Rice Sales and Exports Recover, Making

Trade Protection Less Likely
May 04, 2015

The decline of the euro against the dollar has made European rice more competitive, a bonus for
the Italian rice growing sector."At the end of this month we could have with no paddy left in our
warehouses", Giovanni Daghetta, head of European rice growers was quoted as saying. Up to the
end of April the 82.9% of stock availability (1,412,329 tons out of 1,151,841 tons) has already
been sold. One year ago, at the same date, 71.3% of stocks (1,045,499 tons out of availability of
1,466,412 tons) was sold.
The weaker euro against the U.S. dollar has made USD denominated rice prices more expensive
so EU rice buyers have been incentivized to buy more European rice, including Italian rice,
rather than importing rice from Asia. European rice exports appear to be growing as well; on
April 21 data supplied from EU showed that 171,445 tons of rice (basis milled) have been sold
abroad, a 21% increase over the 134,712 tons shipped by the same date of 2014.Later this week
an EU delegation will visit Italy to meet with local rice millers and farmers at the Expo in Milan.
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Under the improved export figures, local sources say the safeguard clause against duty-free rice
import from Less Developed Countries (LDCs) such as Cambodia and Myanmar - seems very
unlikely any time soon.

Italian Paddy Rice Prices Remain Firm,

Supplies Limited
May 04, 2015

Italian farm gate paddy rice price indications are trending sideways from the previous week.
Quotes are higher than in the same period last year, but slightly lower than two weeks ago.
Paddy rice availability is really low: more than 81% of crop 2014 and remaining stocks has
already been sold. A local source says that by the end of May t there may be no more paddy rice
available on the market.
Below are farm gate paddy quotations supplied by Milan Grain Exchange, as of April 28:
Arborio-Volano rice was shown at 695-725 euros (about $ 777-810) per ton, unchanged from the
prior week.
Balilla, Centauro and similar varieties paddy price
s are firm at 415-430 euros (about $ 464-480) per ton, unchanged from the prior week.
Lido, Crono, Flipper and similar paddy varieties are unchanged at 360-375 euros (about $ 402419) per ton, on both weeks.
Padano-Argo was shown at 550-650 euros (about $ 615-727) per ton, unchanged from the prior
week.
Vialone Nano slightly is firm at 730-780 euros (about $ 816-872) unchanged from a week prior.
Thaibonnet and similar Indica varieties were indicated at 335-345 euros (about $ 374-385),
unchanged from a week prior.Sant'Andrea was quoted 560-610 euros (about $ 626-682) per ton
on April 14, unchanged from a week prior; Carnaroli was fixed at 695-725 euros (about $ 777810) per ton, unchanged from a week prior.
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Baldo paddy prices went slightly down to 552-602 euros (about $ 617-673) per ton, unchanged
from a week prior.Roma was firm at 580-61 euros (about $ 648-682) per ton, unchanged from a
week earlier. Selenio was shown at 405-430 euros (about $ 405-480) per ton, unchanged from a
week prior.
Augusto was out at 400-415 euros (about $ 447-464) per ton, unchanged from the week before.
Loto and Nembo reached the same level of 400-415 euros (about $ 447-464) per ton, unchanged
from a week prior.
Luna Cl, Dardo and similars quoted 360-380 euros (about $ 402-425) per ton, unchanged from a
week prior.

Nigerian Rice Importers and Customs In

Stand Off Over Unpaid Import Duties
May 04, 2015

Nigerian rice importers and the Nigeria Customs Service (NCS) are at a standoff over N20
billion (about $100 million) in unpaid rice import duties. Its very unlikely the duties will be
paid, or certainly not paid in full, say locals. Importers have ignore the April 14 deadline the
NCS set and have so far not been arrested by the NCS or any agency, according to local media.
One major rice producer and importer expects a waiver, and locals say the company is likely to
get it, since it invests in Nigerian rice production and milling.
Other importers say they should be off the hook amid a change of government on May 29, 2015
when the in-coming government of Muhammadu Buhari is expected to give them the
opportunity to re-negotiate the outstanding import duties.

India Rice Quotes Mixed Today; Other Asia

Rice Quotes Unchanged
May 04, 2015

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India rice sellers increased their quotes for 5% broken rice and 25% broken rice by about a $5
per ton each to about $370 - $380 per ton and $345 - $355 per ton respectively and lowered their
quotes for 100% broken rice by about a $5 per ton to about $270 - $280 per ton today. Other
Asia rice sellers kept their quotes mostly unchanged.
5% Broken Rice
Thailand 5% rice is indicated at around $375 - $385 per ton about a $20 per ton premium on
Vietnam 5% rice shown at around $355 - $365 per ton.
India 5% rice is indicated at around $370 - $380 per ton, up about a $5 per ton from Friday and
about a $5 per ton discount to Pakistan 5% rice shown at around $375 - $385 per ton.
25% Broken Rice
Thailand 25% rice is shown at around $350 - $360 per ton, about a $20 per ton premium on
Vietnam 25% rice shown at around $330- $340 per ton.
India 25% rice is indicated at around $345 - $355, up about a $5 per ton from Friday and about a
$15 per ton premium on Pakistan 25% rice shown at around $330 - $340 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $380 - $390 per ton.
India parboiled rice is indicated at around $360 - $370 per ton, about a $25 per ton discount to
Pakistan parboiled rice shown at around $385 - $395 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is indicated at around $315 - $325 per ton, about a $15 per ton
premium on Vietnam 100% broken rice shown at around $300 - $310 per ton.
India's 100% broken rice is shown at around $270 - $280 per ton, down about a $5 per ton from
Friday and about a $15 per ton discount to Pakistan broken sortexed rice shown at around $285 $295 per ton.

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Oryza Afternoon Recap - Chicago Rough

Rice Futures Continue to Soften as Market
Weighs Huge Supplies and Lack of Demand
May 04, 2015

Chicago rough rice futures for Jul delivery settled 10 cents per cwt (about $2 per ton) lower at
$10.105 per cwt (about $223 per ton). Rough rice futures erased overnight gains to close lower
once again today as the bears continue to dominate price action and have now dragged the July
future contract within striking distance of psychological support at $10.000 per cwt (about $220
per ton). Todays action provides a negative forecast for tomorrows trade direction and indicates
that the current downtrend will remain intact.
The other grains finished the day with mixed results; Soybeans closed about 1.2% higher at
$9.7625 per bushel; wheat finished about 0.3% lower at $4.7275 per bushel, and corn finished
the day about 0.3% lower at $3.5875 per bushel.U.S. stocks traded higher on Monday, following
positive momentum from Europe, as investors looked ahead to a week of Federal Reserve
speeches and economic data that could shed light on the timing of an interest rate hike. The S&P
500 attempted to hold above its closing high of 2,117.69, as utilities gained more than 1% to lead
nearly all sectors higher. The Dow Jones industrial average briefly added 100 points and held
above 18,000, about one percent away from its closing high.
Ahead of Friday's important jobs report for the month of April, factory orders for March showed
a gain of 2.1%, the biggest increase in eight months and above expectations of a 1.9% increase.
However, the underlying trend remained weak against the backdrop of a strong dollar. The first
of several central bank policymakers to speak this week, Chicago Fed's Charles Evans said that
hiking interest rates does not seem appropriate until next year due to the weak first quarter. His
address came at the annual meeting of the Columbus Economic Development Board. San
Francisco Fed President, John Williams, will speak later in the day on job creation at a separate
event. Analysts also noted market optimism on potential for mergers and acquisitions. The Dow
Jones industrial average gained 62 points, or 0.34%, at 18,086.
The S&P 500 traded up 7 points, or 0.36%, at 2,116, with utilities leading all sectors except
materials higher. The Nasdaq traded up 20 points, or 0.40%, at 5,025. Gold is trading about 1.3%
higher, crude oil is seen trading about 0.8% lower, and the U.S. dollar is seen trading about 0.1%
higher at about 1:00pm Chicago time.Friday, there were 1,060 contracts traded, up from 951

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contracts traded on Thursday. Open interest the number of contracts outstanding on Friday
increased by 5 contracts to 10,774.

Oryza U.S. Rough Rice Recap - Prices

Unchanged with No Iraqi Grain Board
Tender Results
May 04, 2015

The U.S. cash market was unchanged today after the Iraqi Grain Board failed to announce a
winner on their latest white rice tender today leading some analysts believe that the chances of
the U.S. being awarded on this tender to be slim to none.Sellers remain hard to come by at the
current levels however some analysts believe that they should be getting nervous as weather
forecasts for the next week show favorable planting conditions dissuading fears that acreage
would decline due to delayed planting.
In the meantime, the USDA estimates that as of May 3rd, 61% of the US rice crop had been
planted which is 6% ahead of this time last year but 1% behind the previous 5-year average. As
of now, the USDA estimates that farmers have planted at 64% of their rice crop in Arkansas,
38% in California, 88% in Louisiana, 66% in Mississippi, 37% in Missouri, and 65% in
Texas.The USDA also estimates that 37% of the crop has emerged which was on par with this
this time last year but 8% behind of the previous 5-year average. As of now, the USDA estimates
that 33% of the rice crop in Arkansas has emerged compared to , 15% in California, 80% in
Louisiana, 37% in Mississippi, 6% in Missouri, and 63% in Texas.

Oryza Overnight Recap Chicago Rough

Rice Futures Begin the Week on a Positive
Note
May 04, 2015

Chicago rough rice futures for Jul delivery are currently seen 9.5 cents per cwt (about $2 per ton)
higher at $10.300 per cwt (about $227 per ton) during early floor trading in Chicago. The other

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grains are seen trading mixed: soybeans are currently seen about 0.6% higher, wheat is listed
about 0.6% lower and corn is currently noted 0.5% lower.
U.S. stocks traded higher on Monday, following positive momentum from Europe, as investors
looked ahead to a week of Federal Reserve speeches and economic data that could shed light on
the timing of an interest rate hike. The S&P 500 traded above its closing high of 2,117.69, as all
10 sectors gained. The Dow Jones industrial average added 100 points and held above 18,100,
about one percent away from its closing high. The Nasdaq Composite traded above 5,000.
Analysts also noted market optimism on potential mergers and acquisitions. Ahead of Friday's
important jobs report for the month of April, factory orders for March showed a gain of 2.1%,
the biggest increase in eight months and above expectations of a 1.9% increase.
Later in the day, several central bank policymakers will speak, including a keynote address from
Chicago Fed's Charles Evans at the annual meeting of the Columbus Economic Development
Board. San Francisco Fed President, John Williams, will speak on job creation at a separate
event. Asian and European shares traded marginally higher on Monday, although U.K. stock
markets were closed for a public holiday. Markets were boosted after tepid manufacturing data
from China raised hopes that Beijing would unveil further stimulus measures to boost the
economy. Gold is currently trading about 1.2% higher, crude oil is seen trading about 0.8%
lower, and the U.S. dollar is currently trading about 0.1% higher at 9:00am Chicago time.

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