May 07, 2015

Daily Exclusive ORYZA Rice E-Newsletter

www.ricepluss.com

Volume 5, Issue I
Daily Exclusive

ORYZA Rice
Newsletter

Daily Exclusive ORYZA Rice E-Newsletter

www.ricepluss.com

Global Rice Quotes

May 6th, 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

U.S. 4% broken
480-490

Uruguay 5% broken 565-575

Argentina 5% broken 555-565

Long grain white rice - low quality

Thailand 25% broken 350-360

Vietnam 25% broken 335-345

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
375-385
Pakistan parboiled 5% broken stxd 390-400
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
480-490

India basmati 2% broken

NQ

Pakistan basmati 2% broken NQ

Cambodia Phka Mails

815-825

Brokens
Thailand A1 Super 315-325

Vietnam 100% broken

310-320

Pakistan 100% broken stxd 285-295

Cambodia A1 Super 350-360

India 100% broken stxd

270-280

Egypt medium grain brokens NQ

U.S. pet food 370-380

Brazil half grain

NQ

Medium grain milled

U.S. Calrose 4% broken
845-855

Egypt medium grain 6%

NQ

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

Thailand Continues to Enjoy Government

Rice Subsidies but Faces Uphill Battle on
Export Price Competition, Suggests USDA
Post
May 06, 2015

The USDA post forecasts that Thailand will export about 11 million tons rice in 2015 and
expects that Thailand rice export will accelerate in the second half of the year due to the sales of
the government stocks, according to a recent report. The report projects parboiled rice exports,
which account for around 30% of total rice exports, will increase in coming the months due to
higher demand from Nigeria.
However, the Post projects that, "Price competition between Thai and Vietnamese rice will
continue to put downward pressure on world rice prices. In first quarter of 2015, Thailand has
exported about 2.1 million tons rice, according to the USDA Post, down about 4% from the same
period last year due to price competition from Vietnam rice.Thailand government has sold about
1.3 million metric tons of rice stocks, valued at 16 billion baht (about $499 million) in first
quarter of 2015. However total quantity was well below from planned about 3 million metric
tons.
The government has used a variety of measures to support rice farmers, including: an On-Farm
Pledging Scheme (albeit at lower prices than the previous rice schemes under Yingluck which
accumulated huge tonnage), the Income Support Measure (distributed $192 per hectare to 3.6
million farmers, totaling $1.2 billion), the Off-farm Employment Assistant Program (designed to
help farmers affected by government imposed water restrictions, a Rice Insurance Program
(subsidizing insurance rates, protecting farmers from natural disasters), and the Interest Subsidy
Program (subsidizing borrowing rates for traders to hold stocks).

Asia Rice Quotes Mixed Today

May 06, 2015

Thailand rice sellers lowered their quotes for parboiled rice by about a $5 per ton to about $375 $385 per ton. Vietnam rice sellers increased their quotes for 25% broken rice and 100% broken
rice by about a $5 per ton and $10 per ton to about $335 - $345 per ton and $310 - $320 per ton,
respectively, and lowered their quotes for Jasmine rice by about a $10 per ton to about $480 $490 per ton today. Pakistan rice sellers increased their quotes for Parboiled rice by about a $5
per ton to about $390 - $400 per ton. India rice sellers kept their quotes mostly unchanged today.
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, about a $5 per ton discount to Pakistan
5% rice shown at around $375 - $385 per ton.
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25% Broken Rice
Thailand 25% rice is shown at around $350 - $360 per ton, about a $15 per ton premium on
Vietnam 25% rice shown at around $335- $345 per ton, up about a $5 per ton from yesterday.
India 25% rice is indicated at around $345 - $355, 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 $375 - $385 per ton, down about a $5 per ton from
yesterday.
India parboiled rice is indicated at around $360 - $370 per ton, about a $30 per ton discount to
Pakistan parboiled rice shown at around $390 - $400 per ton, up about a $5 per ton from
yesterday.
100% Broken Rice
Thailand broken rice, A1 Super, is indicated at around $315 - $325 per ton, about a $5 per ton
premium on Vietnam 100% broken rice shown at around $310 - $320 per ton, up about a $10 per
ton from yesterday.
India's 100% broken rice is shown at around $270 - $280 per ton, about a $15 per ton discount
to Pakistan broken sortexed rice shown at around $285 - $295 per ton.

Oryza Overnight Recap Chicago Rough

Rice Futures Slightly Lower Overnight as
Technical Bearishness Continues to Mount
May 06, 2015

Chicago rough rice futures for Jul delivery are currently seen paused 2.5 cents per cwt (about $1
per ton) lower at $9.950 per cwt (about $219 per ton) ahead of floor trading in Chicago. The
other grains are seen trading mixed: soybeans are currently seen about 0.1% lower, wheat is
listed about 0.6% higher and corn is currently noted 0.8% higher.U.S. stock index futures
pointed to a firm open for Wall Street shares Wednesday, following the previous day's sharp falls
and ahead of some key data releases as Treasury yields rose. The ADP Employment Report
showed 169,000 jobs were created in April, below expectations. The report, which could
foreshadow Friday's employment report, was expected to record a modest rise in the rate of job
creation to around 200,000 in April, according to analysts.
Unit labor costs for the first quarter rose 5% but productivity fell 1.9%, a touch more than the
expected 1.8% decline. The report is central to the Federal Reserve's assessment of underlying
price pressures. Other key events include a panel discussion between Fed chief Janet Yellen and
International Monetary Fund Managing Director Christine Lagarde on monetary policy at 9:15
a.m. ET in Washington. European equities were higher in morning trade on Wednesday as
investors reacted to a slew of earnings reports and new economic data.
U.S. stocks closed about 1% lower on Tuesday as investors eyed higher bond yields, mixed
domestic data and renewed concerns over Greece. The tech-heavy Nasdaq under-performed,
falling about 1.5% to close below 5,000. Gold is currently trading about 0.2% higher, crude oil is
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seen trading about 2.2% higher, and the U.S. dollar is currently trading about 0.6% lower at
7:30am Chicago time.

Oryza Afternoon Recap - Chicago Rough

Rice Continue to Tumble as Market Lacks
Buying Interest and Charts Remain Bearish;
Wheat Reverses Yesterday's Losses
May 06, 2015

Chicago rough rice futures for Jul delivery settled 18 cents per cwt (about $4 per ton) lower at
$9.795 per cwt (about $216 per ton). Rough rice futures continued lower as the market searches
for levels that attract demand. Technically the market remains bearish and there is little sign that
the current downtrend is nearing an end. The other grains finished the day with mixed results as
soy products slipped, while corn continued higher and wheat looked to erase losses sustained
yesterday; Soybeans closed about 0.2% lower at $9.8250 per bushel; wheat finished about 2.7%
higher at $4.7925 per bushel, and corn finished the day about 1.5% higher at $3.6650 per bushel.
U.S. stocks traded lower after a positive open on Wednesday as investors weighed comments
from the Fed Chair on valuation amid higher yields and energy prices.
In the afternoon, Atlanta Federal Reserve bank president Dennis Lockhart said he is hopeful
growth will pick up but needs more evidence, particularly from consumer spending. Fed Chair
Janet Yellen said on Wednesday morning in a conversation with IMF Managing Director
Christine Lagarde that equity valuations are generally quite high. U.S. equities followed
European stocks lower on currency and bond market moves. The U.S. dollar traded more than 1
percent lower against major world currencies, with the euro topping $1.13 for the first time since
the end of February.
Stocks sold off on her remarks before briefly recovering to trade mildly lower. In other economic
news, the ADP Employment Report showed 169,000 jobs were created in April, below
expectations. The report, which could foreshadow Friday's employment report, was expected to
record a modest rise in the rate of job creation to around 200,000 in April, according to analysts.
The Dow Jones Industrial Average traded down 115 points, or 0.64%, at 17,813. The S&P 500
traded down 11 points, or 0.51%, at 2,078, with utilities leading eight sectors lower and materials
and energy the only advancers.
The Nasdaq traded down 28 points, or 0.56%, at 4,911. Gold is trading about 0.3% lower, crude
oil is seen trading about 0.5% higher, and the U.S. dollar is seen trading about 1% lower at
about 1:00pm Chicago time.Tuesday, there were 853 contracts traded, up from 714 contracts
traded on Monday. Open interest the number of contracts outstanding on Tuesday increased
by 118 contracts to 10,827.

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Thailand Rice Farmers to Receive Discount

Coupons to Buy Seed and Fertilizer
May 06, 2015

Thailand economic minister has agreed today to distribute coupons or cards to rice farmers
allowing them to claim a discount on the purchase of cultivation materials, including seed and
fertilizer, according to the local media. He told to local media that the discount method will be
more effective than handing out cash subsidies to the farmers. Meanwhile, Thailand's Prime
Minister has ordered to the Ministry of Agriculture and Cooperatives to implement this
program.Thailand government is also planning to convince some rice farmers to switch
sugarcane crop in upcoming crop season to ensure good prices for rice. The government is also
offering 1 million baht (about $29,933) in aid to each of about 3,000 sub-districts where rice
growers have suffered from water shortages.

Indian Monsoon May Disappoint, Reducing

Rice Production and Future Exports, Says
USDA Post
May 06, 2015

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Indias upcoming monsoon season may suffer from insufficient rains, potentially reducing crop
production including rice, the USDA Post reports in its May 2015 India Grain and Feed
Update. Last month the Indian Metrological Department (IMD) predicted the 2015 monsoon will
be 93% of normal, with a margin of error of 5%. The next forecast will be in June, the start of
the June-September monsoon season, which provides about 70% of the nations annual rainfall.
The 2014 was 12% below normal, affecting grain production, so the concern is that another
deficient monsoon could further impact grain production.
The USDA estimates rice production for the 2014/15 marketing year (October to September) to
be 102.5 million tons, down from 106.54 million tons the previous year. This decline in
production is forecast to reduce carryover stocks and exports. The USDA Post forecasts 2015/16
rice exports to decline to 8.5 million tons from 10.2 million tons in 2014/15. India is also
expected to be a net importer of wheat this year as untimely rains in March and April of this year
damaged production.

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Cuba Rice Crop is Facing Water Shortages,

Says FAO

May 06, 2015

Cubas main rice crop, which accounts for about 60-70% of the nations rice production, is
typically planted between March and July and this year there are concerns that water supplies are
insufficient. In a GIEWS Country Brief, FAO reports that Sowing operations are already
reported to have been hindered by limited supplies of water in major reservoirs, particularly over
the eastern-most provinces of the country.
FAO estimates 2015 paddy production at 632,000 tons (about 425,000 tons basis milled), nearly
unchanged from 2014. This is below the USDAs paddy production estimate of about 700,000
tons (about 455,000 tons basis milled).