27th feb.,2014 daily exclusive oryza newsletter by riceplus magazine

27th Feb. , 2014

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TOP Contents - Tailored for YOU
Latest News Headlines…
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Italy Rice Quotes Stable; Vialone Nano Up $100 per Ton from Last Week!
Enjoy Your Steaming Rice Dish While Dining on Your
'Cool' Rich Husk Table
Oryza U.S. Rough Rice Recap – U.S. Misses Iraq Tender Due to High Prices
Oryza Rice Currency Analysis for Today – Mexico Peso Down 0.8%
India Agriculture Minister Wants Urgent Strengthening of Procurement Machinery
South Korea Tenders to Buy 57,114 Tons of Rice
Philippines Justice Secretary Calls for New Rice Import Policy
Ivory Coast Plans to Increase Rice Production by 2.7 Times by 2016
Thailand Rice Farmers Have Lowest Incomes in ASEAN, Despite Rice Mortgage Program, Finds
Study
 India States Fail to Utilize Foodgrain Allocations Under PDS
 Thailand Rice Exports May Decline to 6.8 Million Tons in 2014, UTCC Says
 Oryza Global Rice Quotes

News Detail…
Italy Rice Quotes Stable; Vialone Nano Up $100 per Ton from Last Week!
Feb 26, 2014

The Italian rice paddy market is stable: the only variety advancing in price quotations is Vialone Nano, up about
80 euros (about $109) per ton in just one week, from 18 February to 25 February. Remaining stocks for the
variety, starting from a beginning availability of 19,536 tons, today stand around 7,480 tons; thus already
61.71% of it has been sold, while demand remains still very high. In comparison, quotations of Carnaroli are
decling; this is another variety highly requested by domestic market, but which started from a much higher
beginning availability of 68,944 tons; now already 69.80% has been sold, but remaining stocks amount still at
20,824 tons.

Overall, Italian paddy quotes are quite stable, though there remains a large gap between quotations of export

Cell # 92 321 369 2874

and domestic varieties.
Below are farm gate paddy quotes from the Milan grain exchange, as of February 25:
Arborio rice is quoted 710-730 euros (about $973-1,001) per ton, unchanged from a week ago.
Balilla rice is shown at 260-270 euros (about $355-369) per ton, up 5 euros (about $7) per ton from 255-265
euros (about $348-362) per ton a week prior.
Lido and similar varieties are quoted 315-335 euros (about $ 431-458) per ton, unchanged from a week prior.
Padano/Argo received no quotations; six weeks ago it was shown at 570 euros (about $781) per ton. Already
82% of this paddy has been sold.
Vialone Nano is quoted 925-960 euros (about $1,265-1,313) per ton, up from 845-880 euros (about $1,1591,207) per ton a week prior.
Thai Bonnet and similar varieties were indicated at 250-260 euros (about $342-356) per ton, unchanged from
last week.
Sant'Andrea is quoted 640-660 euros (about $875-903) per ton, up from 620-640 euros (about $850-877) per
ton the prior week.
Ariete and similar varieties are quoted 365-385 euros (about $500-528) per ton, unchanged from a week
prior.
Carnaroli is quoted 745-765 euros (about $1,019-1,046) per ton, down from 775-755 euros (about $1,0601,033) per ton a week ago.
Baldo is quoted 620-640 euros (about $850-877) per ton, unchanged from a week prior.
Roma was quoted 640-670 euros (about $875-916) per ton; one week prior it received no quotations.
Selenio is quoted 265-285 euros (about $356-384) per ton, up from 260-280 euros (about $355-383) per ton
from a week ago.
Tags: italy paddy quotes

Enjoy Your Steaming Rice Dish While Dining on Your
'Cool' Rich Husk Table
Feb 26, 2014

Cell # 92 321 369 2874

It looks like wood, but it is made mostly of rice husks - a German company has recently developed a new
material, which is composed approximately of 60% of rice husks, 22% of common salt and 18% of mineral oil.
The company says, this makes it both environmentally friendly and an extremely weather resistant material
against
sun,
rain,
snow
or
salt
water.
Paddy rice husk has a high silica (SiO2) content, which means that it decomposes slowly and is resistant to
insects and fungi.The material can be formed into sheets or planks for use in outdoor furniture, floor coverings,
ship decking, and home siding.
Tags: risk husks

Oryza U.S. Rough Rice Recap – U.S. Misses Iraq Tender Due to High Prices
Feb 26, 2014

The U.S. cash market was unchanged today despite reports the Iraqi Grain Board decided to pass up on the U.S.
origin offer for their latest tender, choosing instead to buy 60,000 tons from Argentina and 30,000 tons from
Uruguay which were both offered at much more attractive levels.As of today, old crop offers could still be
found around $15.55-$16.11 fob farm (about $343-$355 per ton) depending on where they are located and how
quickly they could ship.
Bids from larger mills held steady today around $15.25 per cwt (about $336 per ton) while bids for exporters
were unchanged near $15.55 per cwt (about $343 per ton), both for March delivery, however no trades were
reported.
Tags: U.S. rice prices, U.S. rice market

Oryza Rice Currency Analysis for Today – Mexico Peso Down 0.8%
Feb 26, 2014

U.S. dollar index was up +0.34% from the open today, when it traded at 80.410 at the close.
Euro was weaker -0.44% by the close, trading around 1.3685 by end of day, after trading between an intraday
high of 1.3745 and low of 1.3662.
Thai baht was weaker -0.15%, trading at 32.595 at the close of business.
Indian rupee was -0.04% weaker at 61.9850.
Brazilian real was weaker -0.33% in trading today, when it ended at 2.3414 reais per dollar.
Pakistan rupee was +0.10% stronger at 104.9500.
Vietnamese dong was stronger +0.02% at 21100.
Mexican peso was weaker -0.81% today, when it traded at 13.3377 pesos per dollar by the close of business
today.
Chinese yuan was weaker -0.02%, trading at 6.1244.
Argentine peso was -0.12% weaker, trading at 7.8783 pesos per dollar.
Tags: foreign exchange rates

Cell # 92 321 369 2874

India Agriculture Minister Wants Urgent Strengthening of Procurement Machinery
Feb 26, 2014

India‟s Agriculture Minister says that there is an urgent need to strengthen the procurement machinery to
prevent farmers from selling their proudce at low prices in some regions of the country.Speaking at the
“National Conference on Agriculture for Kharif Campaign”, the minister said, “Our farmers are presently facing
the problem of selling their produce, at least in eastern and central parts of the country, as the government
machinery is not fully geared up to meet the requirement.” Rice farmers in the eastern parts of India have to sell
their paddy to private traders at prices below the minimum support price due to absence of sufficient
procurement centers, according to local sources.The minister also urged scientists to improve productivity of
crops and said that GM crops have great potential to improve yields.
He said, “Government is committed to the use of bio-technology and other new technologies for agriculture
development and backs field trials of GM crops with „crop-specific dedicated monitoring protocols
system‟.‟‟He also said that the government is prepared to face adverse weather conditions in case of poor
monsoon rains due to El Niño. However, he added that El Niño is unlikely to have a significant impact over
monsoon this year.About 60% of farmlands in India are depend on rains and a poor monsoon could significantly
reduce India‟s rice production. India‟s rice production is expected to grow to a record 106.2 million tons in
2013-14, according to government estimates.
Tags: India rice procuremeent, India rice production, El Niño

South Korea Tenders to Buy 57,114 Tons of Rice
Feb 26, 2014

Cell # 92 321 369 2874

South Korea has issued tenders to purchase 57,114 tons of non-glutinous rice, according to the state-run AgroFisheries & Food Trade Corp. Delivery is expected between June and July 2014, and the last date for
submission of applications is March 13, 2014. Electronic bidding will be held on March 14, 2014.
Tags: South Korea rice tender

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Feb 26, 2014

The Philippines Justice Secretary says that the government should create a new policy on rice imports because
the existing policy is against World Trade Organization (WTO) rules.The Justice Secretary says that the
existing policy is based on the continued imposition of quantitative restriction (QR) on imports despite the
expiration of the GATT-WTO agreement in June 2012. She says that a new policy will also prevent illegal
importers using the law to their advantage and to prevent the local markets from being saturated with imported
rice.
The Justice Secretary has asked for a new rice import policy after officials from both Legislature and Executive
downplayed concerns over QRs as a mere excuse used by traders to illegally import rice into the country. There
is a debate in the Philippines over the country continuing the special privilege on imports under the GATTWTO. The Justice Secretary has urged both the Department of Agriculture (DA) and the National Food
Authority (NFA) to end the QR on imports.The Senate Agriculture Committee has asked the Department of
Justice (DJ) to issue a “definitive position” on whether the country could still continue with the QR despite
expiration of the WTO-granted privilege in June 2012. The Justice Secretary says, “The international law was
ratified by the President and concurred by the Senate, and has [since] become part of our body of laws. We have
to answer the question, which should prevail, the WTO Agreement or the domestic law.”
Tags: Philippines rice import policy, World Trade Organization (WTO)

Feb 26, 2014

The Philippines Justice Secretary says that the government should create a new policy on rice imports because
the existing policy is against World Trade Organization (WTO) rules.The Justice Secretary says that the
existing policy is based on the continued imposition of quantitative restriction (QR) on imports despite the
expiration of the GATT-WTO agreement in June 2012. She says that a new policy will also prevent illegal
importers using the law to their advantage and to prevent the local markets from being saturated with imported
rice.The Justice Secretary has asked for a new rice import policy after officials from both Legislature and
Executive downplayed concerns over QRs as a mere excuse used by traders to illegally import rice into the
country.
There is a debate in the Philippines over the country continuing the special privilege on imports under the
GATT-WTO. The Justice Secretary has urged both the Department of Agriculture (DA) and the National Food

Cell # 92 321 369 2874

Authority (NFA) to end the QR on imports.The Senate Agriculture Committee has asked the Department of
Justice (DJ) to issue a “definitive position” on whether the country could still continue with the QR despite
expiration of the WTO-granted privilege in June 2012. The Justice Secretary says, “The international law was
ratified by the President and concurred by the Senate, and has [since] become part of our body of laws. We have
to answer the question, which should prevail, the WTO Agreement or the domestic law.”
Tags: Philippines rice import policy, World Trade Organization (WTO)

Ivory Coast Plans to Increase Rice Production by 2.7 Times by 2016
Feb 26, 2014

Rice

importer Ivory Coast is planning to increase its domestic rice production, which is currently estimated at
520,000 tons by the USDA, by 2.7 times to 1.9 million tons by 2016 to meet increasing demand, according to
local sources.According to Ivory Coast's Agriculture Minister, the country aims to become self-sufficient in rice
within the next three years with the help of foreign investment in its rice sector. He says that the ambitious plan
is a part of a $4 billion investment to increase the country's agricultural production by 2016.The minister says
that a French Commodities conglomerate has agreed to invest about $62 million in the country's agriculture

Cell # 92 321 369 2874

sector. The agreement is expected to create 2.4 million jobs in the country and help it to diversify from the
dominant cocoa sector.
The government is also signing investment agreements with other business houses in Algeria, Tanzania and
Germany.The French firm will oversee rice production, expand milling capacity and coordinate marketing in
the country's ten production zones, said the minister. He added that the investment in the country's rice sector is
important because of growing consumption. "In Ivory Coast, we're talking about 63 kilos per inhabitant per
year, it's considerable," he said.The minister expects the annual domestic consumption of the country to be over
1.9 million tons in 2016, and higher production may even allow the country to export some rice. The minister
claims that Ivory Coast produced over one million tons of rice and imported around 800,000 tons in 2013.
However, according to the USDA, Ivory Coast‟s rice production is estimated at around 520,000 tons in MY
2013-14, up 4% from 500,000 tons in MY 2012-13. The US agency estimates the country to import 1.25 million
tons of rice this year, down about 3.8% from 1.3 million tons imported last year. The country's rice
consumption is estimated to increase by 50,000 tons or about 2.7% to 1.85 million tons in MY2013-14.
Tags: Ivory Coast rice production

Thailand Rice Farmers Have Lowest Incomes in ASEAN, Despite Rice Mortgage
Program, Finds Study
Feb 26, 2014

Rice farmers in Thailand have the lowest incomes compared to rice farmers in other ASEAN countries, despite
rice mortgage program, says a study by the University of the Thai Chamber of Commerce (UTCC).The study
claims that rice production costs in Thailand are high and profits low compared to other ASEAN countries like
Vietnam and Myanmar. According to the study, rice production costs in Thailand are up to 139% higher than in
Vietnam and about 37% higher than in Myanmar. While Thai rice farmers earn a profit of only 1,556 baht
(around $47) per ton, farmers in Vietnam earn a profit of 3,180 baht (around $97.5) per ton and those in
Myanmar are earn a profit of 3,484 (around $107) per ton, says the study.The Dean of the UTCC Center for
International Trade Studies says that low income of rice farmers in Thailand is despite the government setting
rice-buying prices higher than market rates through its pledging scheme over the past three years.
He says that the country's comparatively lower productivity, higher production costs (especially related to
wages, power and water) and political intervention in the rice market through the rice pledging scheme have
lowered the country's rice prospects compared to its ASEAN partners. "Above-market prices set by the
government have distorted the rice market's structure," he says.The UTCC Dean emphasizes that the new
government should focus on reducing the farmers' production costs by about 40% by providing subsidies for
production costs equivalent to 3,905 baht (around $95) per ton, or 35,187 baht (around $1,079) per crop, or
70,375 baht ($2,158) per year. This will help the rice farmers to increase their income by 98,413 baht (around
$3,018) per year. The operation cost of increasing subsidies would be lower than the expenses of the ricepledging scheme, which are more than 300 billion baht (around $9.2 billion), he says.
Tags: Thailand rice farm income, ASEAN, University of the Thai Chamber of Commerce (UTCC)

Cell # 92 321 369 2874

India States Fail to Utilize Foodgrain Allocations Under PDS
Feb 26, 2014

Most of the Indian states lag behind in utilizing the complete quota of food grains (mostly rice and wheat)
allocated by the central government under Targeted Public Distribution System (TPDS).According to the
Ministry of Consumer Affairs, Food & Public Distribution, the central government has allocated around 37.4
million tons of foodgrains during April – December of the fiscal year 2013-14 (April – March). However, states
have lifted around 33.7 tons for distribution, which is about 90% of the total allocated quantity.The trend is seen
in the last three years as well. According to the Ministry of Consumer Affairs, Food & Public Distribution, the
overall offtake by states stood at around 44.87 million tons (about 89% of the allocated 50.4 million tons) in
2012-13; at around 43.1 million tons (about 88% of the allocated 48.9 million tons) in 2011-12; and at around
43.7 million tons (about 92% of the allocated 47.5 million tons) in 2010-11.
However, some states such as Goa, Jammu and Kashmir, Kerala, Nagaland, Sikkim, Tripura, Uttrakhand, D&N
Haveli, have lifted the allocated quantity in 2013-14 so far, the ministry says.
Tags: India rice, Targeted Public Distribution System (TPDS)

Thailand Rice Exports May Decline to 6.8 Million Tons in 2014, UTCC Says
Feb 26, 2014

Thailand‟s University of the Thai Chamber of Commerce (UTCC) says that low production and high input costs
may cause Thailand‟s rice exports to decline to around 6.8 million tons in 2014.
According to the UTCC‟s Foreign Trade Study Department Director Att Pisanwanich, Thailand‟s rice exports
of around 6.8 million tons this year will be down about 3% from around 7 million tons exported in 2013.
Thailand will again be the third largest rice exporter in 2014, behind India (with an estimated 9.3 million tons of
rice exports in 2014), and Vietnam (with an estimated 7.8 million tons of rice exports in 2014). The UTCC
Foreign Trade Study Department Director also says that Thailand rice faces increasing competition from
Myanmar and exports may decline this year due to lower demand from traditional rice importers and due to
concerns over quality.
The UTCC Foreign Trade Study Department Director suggests that the government should establish a fund to
subsidize 40% of the production cost of rice farmers by spending around 200 billion baht (about $6 billion).
This will help save government‟s spending of 100 billion baht (about $3 billion) a year, and the fund will be
more effective than the rice mortgage program, he says.The rice mortgage program will be discontinued this
week due to political uncertainty in Thailand. The program was implemented in October 2011 and promised
farmers 40-50% above market prices for their paddy. However, the program ran into problems due to lack of
funds and also caused rice exports to decline. Local sources say that the end of the program and low market
prices may discourage farmers from planting rice this year.
According to the USDA, Thailand‟s rice production in 2013-14 is estimated at around 20.5 million tons, and
exports at around 8.5 million tons.
Tags: Thailand rice exports, Thailand rice mortgage program, University of the Thai Chamber of Commerce (UTCC)

Cell # 92 321 369 2874

Oryza Global Rice Quotes
Long grain white rice - high quality
Thailand 100% B grade
440-450
↔
Vietnam 5% broken 395-405
↔
India 5% broken
415-425
↔
Pakistan 5% broken 395-405
↔
Cambodia 5% broken 450-460
↔
U.S. 4% broken
575-585
↔
Uruguay 5% broken 625-635
↔
Argentina 5% broken 625-635
↔
Long grain white rice - low quality
Thailand 25% broken 350-360
↔
Vietnam 25% broken 370-380
↔
Pakistan 25% broken 350-360
↔
Cambodia 25% broken
420-430
↔
India 25% broken
360-370
↔
U.S. 15% broken
550-560
↔
Long grain parboiled rice
Thailand parboiled 100% stxd
460-470
Pakistan parboiled 5% broken stxd 405-415
India parboiled 5% broken stxd
400-410
U.S. parboiled 4% broken
660-670
↔
Brazil parboiled 5% broken 590-600
↔
Uruguay parboiled 5% broken
NQ ↔
Long grain fragrant rice
Thailand Hommali 92%
945-955
↔
Vietnam Jasmine
525-535
↔
India basmati 2% broken
1515 -1525 ↔
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Malis 890-900
↔
Brokens
Thailand A1 Super
310-320
↔
Vietnam 100% broken
355-365
↔
Pakistan 100% broken stxd 320-320
↔
Cambodia A1 Super 350-360
↔
India 100% Broken stxd
300-310
↔
Egypt medium grain brokens NQ ↔
U.S. pet food 470-480
↔
Brazil half grain
345-355
↔
Medium grain milled
U.S. Calrose 4% broken
620-630
↔
Egypt medium grain 6%
NQ ↔

↔
↔
↔

For Advertising SPECS & RATES
Contact: Advertising Department
Mujahid Ali
mujahid.riceplus@gmail.com
+92 321 369 2874

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

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27th feb.,2014 daily exclusive oryza newsletter by riceplus magazine

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27th feb.,2014 daily exclusive oryza newsletter by riceplus magazine