Daily Exclusive ORYZA Rice E-Newsletter

December 14 ,2015
Vol 5,Issue XII

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Daily Exclusive ORYZA Rice E-Newsletter

Oryza Weekly: Fresh Demand from

Philippines, Persisting El Nino Concerns
Support Global Rice Prices
Dec 12, 2015

The Oryza White Rice Index (WRI), a weighted average of global white rice export quotes,
ended the week at about $391 per ton, unchanged from a week ago, down about $3 per ton from
a month ago and down about $45 per ton from a year ago.
Thailand
Thailand 5% broken rice is today shown at about $350 per ton, down about $5 per ton each from
a week and a month ago, and down about $55 per ton from a year ago.
The USDA Post forecasts sluggish Thai rice exports until the first quarter of 2016, despite an
improvement in exports in October 2015, when Thailand exported about 1.2 million tons.

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The governments of Thailand and China may soon sign a new deal for Thailand to export
another one million tons of rice to China in 2016. This deal is part of a 2 million ton rice MoU
signed by the two governments in December 2014.
Thai rice exporters are planning to purchase an additional 100,000 tons of Hom Mali rice as part
of joint efforts by the government and the Thai Rice Exporters Association (TREA) to stabilize
prices
Vietnam
Vietnam 5% broken rice is today shown at about $375 per ton, unchanged from a week and
month ago, and down about $20 per ton from a year ago.
Vietnam exported about 5.807 million tons of rice in the first eleven months of 2015, down about
1% from the first eleven months of 2014. The average rice export price so far this year is about
$408.30 per ton (FOB), down about 6.8% from the same time last year.
Cambodia
Cambodia 5% broken rice is today shown at about $420 per ton, unchanged from a week and a
month ago, and down about $45 per ton from a year ago.
Cambodia has failed to reach its self-imposed target of exporting one million tons of rice by
2015 due to inadequate milling and storage facilities and poor access to finance.
Rice exporters in Cambodia are seeking government support to face increasing competition from
neighboring countries such as Myanmar, Thailand, and India.
Myanmar 5% broken rice is today shown at about $415 per ton, up about $5 per ton from a
week and a month ago.
India
India 5% broken rice is today shown at about $350 per ton, unchanged from a week and a month
ago, and down about $50 per ton from a year ago.
Wholesale Indian basmati rice prices have declined this month, partially reversing the advance
seen in late November, due to high supplies and sluggish demand.
The USDA Post estimates Indias 2015 rice exports at a record 11.5 million tons, up from 10.91
million tons in 2014, based on the exports pace until September 2015. It estimates MY 2014-15
(October-September) exports at 11.87 million tons.
Indias rice stocks in the central pool as of December 1 stood at around 11.315 million tons,
down about 48% from the same period last year.

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The Chennai-based Intellectual Property Appellate Board, which is dealing with Indias basmati
Geographical Indications tag application, will likely issue a final notification in a week or
so. Pakistan has been opposing Indias application for GI tag as a part of Indo-Gangetic plan
(Punjab province) falls within its territory.
India 2015-16 winter rice (November - May) planting area has reached around 0.1094 million
tons, down about 15% from around 0.1285 million tons planted during the same period in 201415.
Pakistan
Pakistan 5% broken rice is today shown at about $335 per ton, up about $10 per ton each from a
week and a month ago, and down about $40 per ton from a year ago.
The governments of Indonesia and Pakistan have signed a MoU to import around one million
tons of white rice from Pakistan to Indonesia between 2016-19.
Central & South America
Brazil 5% broken rice is today shown at about $500 per ton, unchanged from a week and a
month ago and down about $50 per ton from a year ago.
Rice stocks in Brazil stood at around 118,250 tons in November, down about 3% from October
and down about 71% from November 2014, according to Conab.
Conab estimates Brazils 2015-16 paddy rice production will decline about 6% y/y, to around
11.733 million tons. The decline is largely attributed to a reduction in acreage and yields.
Five per cent broken rice from Uruguay and Argentina is today shown at about $520 per ton,
down about $15 from a week ago, unchanged from a month ago and down about $80 per ton
from a year ago.
The government of Guyana hopes to finalize a rice export deal with Mexico within the next five
weeks.
In the recent elections, Venezuelans have given a historic victory to the opposition coalition, the
Democratic Unity alliance (MUD), ending the seventeen-year rule by the United Socialist Party,
founded by late Hugo Chavez in 1999. Venezuela is currently facing severe economic problems,
including very high inflation and unemployment rates, low growth rate and weakening currency.
Spiraling commodity prices and shortages of basic products are understood to have acted
negatively on the ruling party.
U.S.

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The U.S. 4% broken rice is today shown at about $485 per ton, down about $5 per ton from a
week ago, down about $15 per ton from a month ago and down about $60 per ton from a year
ago.
Chicago rough rice futures for January delivery dropped early in the week, reaching a low of
$10.760 per cwt (about $237 per ton) on Tuesday, but regained some ground to reach a high of
$11.225 per cwt (about $247 per ton) on Friday before closing at $11.015 per cwt (about $243
per ton).
The USDA, in its December World Agricultural Demand and Supply Estimates report, estimates
the U.S. all rice imports at around 1.11 million tons, down from its last months forecast, based
on slower-than-expected import pace for long-grain rice. Despite this decrease, 2015-16 all rice
imports are slightly above the imports from 2014-15 due to expected lower production.
Other Markets
Current rice stocks in Indonesia stand at around 1.5 million tons, including supplies from
imports.
Paddy rice output in China for 2015 increased slightly y/y to around 208.3 million tons.
The government of Bangladesh has doubled the duty on rice imports to 20% from the current
10% as part of its efforts to curb increasing rice imports from India as well as to protect the
interests of local farmers.
The Department of Agriculture and Agrifood in Brunei is promoting the use of Integrated Pest
Management techniques to avoid pest-related yield losses throughout the country.
South Koreas state-run Agro Fisheries & Food Trade Corporation has purchased 55,555 tons of
non-glutinous brown rice of China and U.S. origins for delivery between March 31 and April 30,
in tenders that closed on December 9.
The government of the Philippines will import an additional 300,000-400,000 tons of rice in the
second quarter of 2016 to ensure adequate stocks amid concerns of extending dry conditions
because of the El Nino weather phenomenon.
According to the latest data issued by the European Union (EU), rice imports, milled equivalent
by the EU increased sharply since the beginning of the crop year 2015-16 (September 1, 2015 August 31, 2016). The EU imported about 278,474 tons of rice during the period September 1 December 1, 2015, up about 20% from around 231,429 tons imported during the same period last
year.
The EUs rice imports from the Least Developed Countries of Asia such as Cambodia and
Myanmar under the Everything But Arms Agreement have reached around 80,794 tons in the
first two months of the crop year 2015-16, up about 23% from the same period last year.

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Ente Nazionale Risi estimates Italys total rice imports in CY 2015-16 (September-August) at
around 152,000 tons, up about 17% from in CY 2014-15, despite higher domestic production.
The UNs FAO forecasts Malis 2015 paddy rice production at around 2.451 million tons, up
about 13% from in 2014. The increase is attributed to good rainfall, increased planting area, and
the use of selected seeds.
The Crop Research Institute of Ghana (CRIG) has developed a new high yielding and drought resistant
rice variety, called AGRA, as part of its efforts to increase crop yields and boost production.

Wholesale Basmati Rice Prices in India

Increase Slightly on Restricted Supplies
Dec 11, 2015

Wholesale basmati rice prices in India's capital, have increased today due to restricted supplies
from rice producers and higher demand from traders, according to the Press Trust of India
(PTI).Prices of Pusa 1121 declined to around Rs.4,600 - 5,400 per quintal (around $690 - $810
per ton) from previous quotes of around Rs.4,500 - 5,300 per quintal (around $675 - $795 per
ton).
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However, prices of common basmati rice today remained unchanged from previous level of
around Rs.6,100 - Rs.6,200 per quintal (around $915 - $930 per ton)."Besides demand from
retailers, restricted supplies from producing regions mainly attributed rise in rice basmati prices,"
traders were quoted as saying.

Global Rice Quotes

December 11th, 2015
Long grain white rice - high quality
Thailand 100% B grade
355-365

Vietnam 5% broken 370-380

India 5% broken
345-355

Pakistan 5% broken 330-340

Myanmar 5% broken 410-420

Cambodia 5% broken 415-425

U.S. 4% broken
480-490

Uruguay 5% broken 520-530

Argentina 5% broken 515-525

Long grain white rice - low quality

Thailand 25% broken 335-345

Vietnam 25% broken 355-365

Pakistan 25% broken 300-310

Cambodia 25% broken

400-410

India 25% broken

320-330

U.S. 15% broken

500-510

Long grain parboiled rice

Thailand parboiled 100% stxd
345-355
Pakistan parboiled 5% broken stxd 405-415
India parboiled 5% broken stxd
340-350
U.S. parboiled 4% broken
500-510

Brazil parboiled 5% broken 545-555

Uruguay parboiled 5% broken

NQ

Long grain fragrant rice

Thailand Hommali 92%
690-700

Vietnam Jasmine
440-450

India basmati 2% broken

NQ

Pakistan basmati 2% broken NQ

Cambodia Phka Mails

830-840

Brokens
Thailand A1 Super 325-335

Vietnam 100% broken

330-340

Pakistan 100% broken stxd 285-295

Cambodia A1 Super 355-365

India 100% broken stxd

280-290

Egypt medium grain brokens NQ

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U.S. pet food 280-290
Brazil half grain
NQ

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

India Winter Rice Crop Acreage Lags Behind

Last Year, Says Agriculture Ministry
Dec 11, 2015

India 2015-16 winter rice (November - May) planting area has reached around 0.1094 million
tons, down about 15% from around 0.1285 million tons planted during the same period in 201415,according to a press release by the Ministry of Agriculture.The decline is due to untimely
rains in some of the rice growing regions.In 2014-15, the rabi rice acreage reached around 4
million tons, down about 9% from around 4.488 million tons in 2013-14.

Asian Rice Quotes Remain Unchanged Today

Dec 11, 2015

Asian rice sellers have kept their quotes unchanged today from yesterday.
5% Broken Rice
Thailand 5% rice is indicated at around $345 - $355 per ton about $25 per ton discount on
Vietnam 5% rice shown at around $370 - $380 per ton. India 5% rice is indicated at around $345
- $355 per ton, about $15 per ton premium on Pakistan 5% rice shown at around $330 - $340 per
ton.
25% Broken Rice
Thailand 25% rice is indicated at around $335 - $345 per ton, about $20 per ton discount on
Vietnam 25% rice shown at around $355- $365 per ton. India 25% rice is indicated at around
$320 - $330 per ton, about $20 per ton premium on Pakistan 25% rice shown at around $300 $310 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $345 - $355 per ton. India parboiled rice is
indicated at around $340 - $350 per ton, about $65 per ton discount to Pakistan parboiled rice
last shown at around $405 - $415 per ton.
100% Broken Rice
Thailand broken rice, A1 Super is indicated at around $325 - $335 per ton, about $5 per ton
discount to Vietnam 100% broken rice shown at around $330 - $340 per ton. India's 100%
broken rice is shown at around $280 - $290 per ton, about $5 per ton discount to Pakistan broken
sortexed rice shown at around $285 - $295 per ton.

Ghana Develops New High Yielding and

Drought Resistant Rice Variety
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Dec 11, 2015

The Crop Research Institute of Ghana (CRIG) has developed a new high yielding and drought
resistant rice variety, called AGRA, as part of its efforts to increase crop yields and boost
production, according to local sources."This new variety will help the farmers to increase their
production because of its high yield," said a Municipal Development Officer at the Department
of Agriculture. He added that this variety is particularly resistant to the "rice black" disease.
He also noted that the new variety tastes better than the regular varieties and will help raise the
farmers' standard of living.Ghana imports over a half of its annual rice consumption demand and
the government is planning to increase rice production by about 20% per annum over the next
four years to make Ghana self-sufficient in rice.Ghana produced around 235,000 tons and
imported around 417,000 tons of rice in 2014 to meet a consumption demand of around 750,000
tons, according to sources for the Crop Services Directorate.According to the USDA, Ghanas
rice production is estimated at about 300,000 tons (milled basis) in MY 2015-16 (October September). The U.S. agency expects Ghana to import 550,000 tons of rice in 2015 to meet
consumption needs of around 930,000 tons.

Thai Rice Exporters Plan to Buy Additional

100,000 Tons of Hom Mali Rice to Stabilize
Prices
Dec 11, 2015

Thai rice exporters are planning to purchase an additional 100,000 tons of Hom Mali rice as part
of joint efforts by the government and the Thai Rice Exporters Association (TREA) to stabilize
prices, according to local sources.Last month, the exporters agreed to purchase the Hom Mali
paddy at a target price of 13,500 baht (around $375) per ton and Hom Mali milled rice at about
26,000 baht (around $723) per ton from December 2015 to February 2016. However, since
prices have fallen sharply to around 24,000 baht (around $667) per ton, they have agreed to buy
the additional rice.
The fall in prices is mainly due to increased supplies from the on-going harvests and relatively
high moisture, according to the exporters.The TREA President noted that the exporters have
decided to spend about 2.4 billion baht (around $67 million) for the purpose. "The move is aimed
to take supply out of the market and raise Hom Mali rice to the target price of 26,000 baht
(around $723) per ton, he said.Export prices of Thai Hom Mali rice also fell to around $720 per
ton compared to around $800 per ton last year. Depreciation of the baht also contributed to a fall
in export prices, said the TREA President.Thailand is expected to produce 6.5-7 million tons of
Hom Mali paddy or 3 million ton of milled rice in the 2015-16 season.
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