Daily rice industry news roundup

7th January , 2014

Latest News Headlines…
o Oryza Shares - Rice Plus Magazine
o Oryza U.S. Rough Rice Recap – Lifeless Market as Buyers And
Sellers Differ Greatly on Price Direction
o Help from Above? U.S. Rice Crops May Benefit from Drones
o Oryza Rice Currency Analysis for Today – Argentine Peso
Down 0.6%
o Oryza Afternoon Recap – Chicago Rough Rice Futures Begin
Week with Slight Gain, but Fail to Overcome Nearby Technical

o
o
o
o
o
o

Resistance
o Brazil Cheapest Origin in Iraq Rice Tender
India's New Basmati Rice Variety May Soon Replace PUSA 1121, Say Scientists
Rice Shortage Plagues Nepal Public Distribution System
Bangladesh Rice Import Value Surges in July – December 2013; Up 315% from Previous Year
Oryza Overnight Recap – Chicago Rough Rice Futures Begin the Week with a Slight Pull-back
Following Last Week's Rally
Vietnam Rice Sellers Lower Some of Their Quotes Today; Other Asia Rice Quotes Unchanged
Oryza December 2013 Rice Market Review

Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com
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o Vietnam 2013 Rice Exports Decline 12% Y-o-Y to 6.7 Million Tons
o Oryza Quick Glance at World News

NEWS DETAILS:

Oryza Shares - Rice Plus Magazine
Jan 06, 2014

Pakistan's Rice Plus published it's latest magazine. Please find the full copy below.
Contents include:
Genome Based Breeding Strategies for Rice Improvement
The Battle for Pakistan’s Agriculture (News in Brief)
Green Manuring for Rice 5
Adoption of Integrated Pest Management Strategy in Rice (Oryza sativa L.)
and much more!
Tags: pakistan rice industry, Pakistan rice production, Rice Plus Magazine
pdf: Rice plus MagazineV5-I9 December 2013.pdf

Oryza U.S. Rough Rice Recap – Lifeless Market as Buyers And Sellers Differ Greatly
on Price Direction
Jan 06, 2014

The U.S. cash market was lifeless today as sellers' price ideas continue to hold firm while most bids were
unable to attract any interest.As of today, offers could still be seen near $15.55-$16.66 per fob farm (about
$343-$367 per ton), depending on where they are located in the U.S. mid-South and how quickly they could
ship.Bids from larger mills increased slightly to around $15.15 per cwt (about $334 per ton) while bids from
exporters were unchanged around $15.15 per cwt (about $334 per ton), both for January through February
delivery, however there were no sellers near these levels today.
Tags: U.S. rice prices, U.S. rice market

Help from Above? U.S. Rice Crops May Benefit from Drones
Jan 06, 2014

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We’ve talked about drones being used as aerial cameras for hunting down feral pigs who destroy rice crops –
now those controversial unmanned aerial vehicles are being officially tested by Louisiana State University’s
AgCenter; the AgCenter has applied for a special Federal Aviation Administration (FAA) permit to conduct
further research using drones.The AgCenter hopes that drones can eventually help farmers monitor their crops
from above. The researchers have already used drones to take aerial photographs so that farmers could evaluate
damage from a freeze in a sugarcane field. The aerial cameras can also be used to help farmers locate areas in
the field that need more fertilizer or that might be suffering from disease or insect-infestation. The drones are
especially helpful for tall crops, like sugarcane and corn, in which farmers might have difficulty getting a good
view
of
the
field.
Rice farmers may benefit from the drones in another way. Steve Linscombe, the director of the AgCenter Rice
Research Station, thinks the drones “might be useful in creating wind movement that might facilitate the
transfer of pollen from restorer lines to male sterile lines to create the F1 [rice] seed.”
Tags: drones, pollen, F1 rice seed, Rice research, crop monitoring

Oryza Rice Currency Analysis for Today – Argentine Peso Down 0.6%
Jan 06, 2014

U.S. dollar index was down -0.16% from the open today, when it traded at 80.661 at the close.
Euro was stronger +0.33% today by the close, trading around 1.3633 by end of day, after trading between an
intraday high of 1.3653 and low of 1.3572. The dollar sank today as economic data was disappointing.
Thai baht was weaker -0.20%, trading at 33.070 at the close of business.
Indian rupee was -0.27% weaker, trading at 62.3225.
Brazilian real was -0.14% weaker than the open at today’s close, when it ended at 2.3798 reais per dollar.
Pakistan rupee was -0.11% weaker at 105.4000.
Vietnamese dong was weaker -0.02% at 21100.
Mexican peso was +0.14% stronger today, when it traded at 13.0893 pesos per dollar by the close of business
today.
Chinese yuan was -0.01% weaker at 6.0525.
Argentine peso was -0.59% weaker at 6.5942 peso

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Oryza Afternoon Recap – Chicago Rough Rice Futures Begin Week with Slight
Gain, but Fail to Overcome Nearby Technical Resistance
Jan 06, 2014

Chicago rough rice futures for March delivery settled 4 cents per cwt (about $1 per ton) higher at $15.635 per
cwt (about $345 per ton). Rough rice futures began the week on a positive note, moving to once again test
nearby technical resistance.
Open interest remains depressed and has fallen to unprecedented lows, but is expected to recover as market
participants return from holiday breaks. News sources have reported that Brazil produced the lowest offer on
the latest Iraqi tender, a fact that may have weighed on the futures market today. The other finished flat to
higher today; soybeans finished the day about 0.4% higher at $12.7675 per bushel; wheat finished unchanged at
$6.0675 per bushel; and corn finished the day about 1% higher at $4.2875 per bushel.U.S. stocks declined on
Monday, with the S&P 500 extending 2014 losses into a third session, after a mixed bag of economic data put
investors in a cautious mode ahead of the jobs report at the end of the week. The Institute for Supply
Management's non-manufacturing index came in at 53.0 in December, versus estimates that the index would
climb to 54.6 from 53.9 the month before.
Economic reports released ahead of the open showed service industry growth slowed in China in December but
gained momentum across most of Europe. Initial gains evaporated, with the Dow Jones Industrial Average in
the red, rose. The S&P 500 declined, with materials and consumer discretionary the hardest hit and
telecommunications and financials the best performing sectors. The Nasdaq also lost ground. The yield on the
10-year Treasury note fell 5 basis points to 2.95% and the U.S. dollar edged lower against other global
currencies.
U.S. stock markets are currently trading about 0.1% lower, gold is trading about 0.1% lower, crude oil is seen
trading about 0.6% lower, and the U.S. dollar is seen trading about 0.2% lower at about 2:00pm Chicago
time.Looking to the daily continuation chart of Chicago rough rice futures for March delivery, despite trading
slightly lower overnight the market managed to close a few cents higher on the day. Prices managed to once
again break through nearby technical resistance at $15.635 per cwt (about $345 per ton) but a late session pull
back saw prices settle just below this point. Technically the outlook is positive, however today’s move provides
little in the way of directional forecast for tomorrow’s trading session. Furthermore some trend spotting analysis
systems continue to point to a market that remains in a downward trend on a medium-term (multi-week) time
frame. Today’s trading range is noted as $15.570-$15.685 per cwt (about $343-$346 per ton). Friday, there
were 544 contracts traded, down from 804 contracts traded on Thursday. Open interest – the number of
contracts outstanding – on Friday decreased by 80 contracts to 6,916.
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market

Brazil Cheapest Origin in Iraq Rice Tender
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Jan 06, 2014

Brazil rice was the cheapest origin offered in Iraq’s recent long grain rice tender for 30,000 tons, which closed
on January 5. Rice from Brazil was offered at $719.85 per ton CIF. Rice from Argentina was offered as low as
$727 per ton CIF and U.S. rice was offered as low as $734 per ton CIF.
Tags: Brazil rice exports, Iraq rice imports, Iraqi Rice Tender

India's New Basmati Rice Variety May Soon Replace PUSA 1121, Say Scientists
Jan 06, 2014

New basmati rice variety, Pusa 1509, is likely to replace most of Pusa 1121, according to scientists from the
Indian Agricultural Research Institute (IARI).Pusa 1121 is grown in around 1.4 million hectares and accounts
for around 75% of India’s annual basmati rice exports of around 3.5 million tons. However, Pusa 1509 is
growing in popularity and may soon replace Pusa 1121 in around one million hectares.
According to IARI scientist, Pusa-1509 takes around 115-120 days to mature compared to 140-145 days by
Pusa-1121. This allows farmers to sow the seeds in mid-July instead of mid-June thereby saving 5 - 6
irrigations, or to grow another short duration crop.IARI also says that rice yield in Pusa-1509 are about 25%
higher than Pusa 1121, while lower height of Pusa 1509 plants prevents lodging even during application of
fertilizers. IARI has joined hands with 15 private companies to promote Pusa 1509 rice variety.India exported
around 3.46 million tons of basmati rice valued at about $3.56 billion in the FY 2012-13. India’s basmati rice
export value is expected to reach about $5 billion by the end of the FY 2013-14. So far this fiscal year, India has
shipped around 2.11 million tons of basmati rice valuing about $2.64 billion.
Tags: India rice production, Indian basmati rice, Basmati rice, basmati exports, Pusa 1509, Pusa 1121

Rice Shortage Plagues Nepal Public Distribution System

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Jan 06, 2014

Nepal’s public distribution system (PDS) is unable to supply rice to people due to shortage of rice with the
Nepal Food Corporation (NFC).According to local sources, people in some villages in Nepal, such as Bichhaya
and Rugin, have to travel for almost a week to get rice from the PDS in Nepal. Villagers say that sometimes
they have to return empty-handed due inadequate stocks with the NFC and insufficient distribution centers in
the country. NFC officials say that some districts have been allotted rice which is around a third of the actual
requirement.In 2013, officials estimated that Nepal is likely face a deficit of around 900,000 tons due to
unfavorable weather conditions. Rice production in 2012-13 is estimated to decline around 11% to about 5.07
million tons, say local sources. The government has declared that around 33 of the 75 districts in Nepal are food
deficit in 2013-14, compared to around 27 districts in 2012-13.
Tags: Nepal rice production, Public Distribution System

Bangladesh Rice Import Value Surges in July – December 2013; Up 315% from
Previous Year

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Jan 06, 2014

Bangladesh’s rice imports have increased to 3.85 billion takas (about $49 million) in the first five months of the
fiscal year 2013-14 (July – June), which is up about 315% compared to rice imports worth around 900 million
takas (about $12 million) in the corresponding period in the FY 2012-13. Local sources say, in terms of
quantity, Bangladesh’s rice imports during July – December 2013 stand at around 100,000 tons, almost four
times the 27,000 tons of rice imported in the previous fiscal year 2012-13.
Record production of 33.8 million tons in the FY 2011-12 helped Bangladesh reduce rice imports to negligible
quantities in 2012-13. According to the USDA, Bangladesh rice production in MY 2013-14 (May – April) is
estimated at about 34.2 million tons, about 500,000 tons less than an estimated consumption of around 34.7
million tons.However, rice imports by Bangladesh are high this year mainly due to low rice prices in the
international market, according to the procurement director at the Directorate General of Food (DGoF). Local
sources say that Indian Swarna variety rice is quoted around 29,000 - 30,000 takas (about $375 - $388) per ton,
down about 9% compared to around 32,000 - 33,000 takas (about $ 414 – $427) per ton in the Bangladeshi
market. Local sources also say that the weakening of the Indian rupee against the USD and the appreciation of
the taka are also boosting rice imports from India this year.
Tags: Bangladesh rice imports

Oryza Overnight Recap – Chicago Rough Rice Futures Begin the Week with a Slight
Pull-back Following Last Week's Rally
Jan 06, 2014

Chicago rough rice futures for March delivery are currently paused 2.5 cent per cwt (about $1 per ton) lower at
$15.570 per cwt (about $343 per ton) as of 8:00am Chicago time. The other grains are seen higher this morning
ahead of floor trading in Chicago: soybeans are currently seen about 0.3% higher, wheat is noted about 0.9%
higher, and corn is paused about 0.6% higher.U.S. stock index futures indicated a slightly higher opening for the
first full week of trading in 2014, after Federal Reserve Chairman Ben Bernanke on Friday said the U.S.
economy should continue to improve and reiterated the Fed's commitment to keep interest rates low. European
and Asian markets traded lower on Monday following disappointing data from China. Growth in the country's
services sector slowed sharply in December to its lowest point since August 2011, a private sector survey
showed, adding to signs of slowing momentum in the world's second-largest economy.
The U.S. Senate will start its 2014 session Monday and looks likely to approve Janet Yellen as the next U.S.
Federal Reserve chairman at 5:30 pm Eastern, replacing Ben Bernanke, who ends his eight-year term on Jan.
31. The minutes from the Federal Open Market Committee's last session will be released on Wednesday, with
all eyes on how the Fed will proceed after last month's tapering of its bond-buying program. On Monday at 10
a.m. Eastern, the ISM non-manufacturing and factory orders data will be released. U.S. stock index futures are
currently trading about 0.2% higher, gold is currently trading about 0.2% higher, crude oil is seen trading about
0.2% higher, and the U.S. dollar is currently trading about 0.1% higher at 8:00am Chicago time.

Cell # 92 321 369 2874

Tags: chicago rough rice futures

Vietnam Rice Sellers Lower Some of Their Quotes Today; Other Asia Rice Quotes
Unchanged
Jan 06, 2014

Vietnam rice sellers lowered their quotes for 5% broken rice by about $5 per ton to around $405 - $415 per ton
today. Other Asia rice sellers kept their quotes mostly unchanged.
5% Broken Rice
Thai 5% rice (of new crop) is quoted around $415 - $425 per ton, about a $10 per ton premium over Viet 5%
rice shown around $405 - $415 per ton, down about $5 per ton from Friday. Thai 5% rice of the old crop is
shown around $370 - $380 per ton.
Indian 5% rice is quoted around $400 - $410 per ton, about a $15 per ton premium over Pak 5% rice quoted
around $385 - $395 per ton.
25% Broken Rice
Thai 25% rice (of new crop) is quoted about $375 - $385 per ton, about a $10 per ton discount to Viet 25% rice
shown around $385 - $395 per ton. Thai 25% rice of the old crop is shown around $345 - $355 per ton.
Indian 25% rice was last quoted about $370 - $380 per ton, about a $25 per ton premium over Pak 25% rice
quoted around $345 - $355 per ton.
Parboiled Rice
Thai parboiled rice of the old crop is quoted around $435 - $445 per ton.
Indian parboiled rice is quoted around $385 - $395 per ton, about a $35 per ton discount to Pak parboiled rice
quoted around $420 - $430 per ton.
100% Broken Rice
Thai broken rice, A1 Super, of the old crop is quoted around $295 - $305 per ton and about a $70 per ton
discount to Viet broken rice shown around $365 - $375 per ton.
Indian broken sortexed rice is quoted about $290 - $300 per ton, about a $30 per ton discount to Pak broken
sortexed rice quoted around $320 - $330 per ton.
Tags: Asia rice quotes, India rice quotes, Pakistan rice quotes, Thailand rice quotes, Vietnam rice quotes

Oryza December 2013 Rice Market Review
Jan 06, 2014

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The Oryza White Rice
Index,
a
weighted
average of global white
rice export quotes,
ended December at
$462 per ton, up about
1% from last month and
down
,
Brazil remains the most
expensive origin and
Pakistan became the
cheapest origin. The
global rice market was
calm in December due
to Christmas and New
Year
holiday
celebrations.Analysts
are focused on the life
expectancy
of
the
Thailand rice mortgage
scheme and the duration of India’s presence on the global non-basmati rice export market. Depending on the
outcomes, Thailand could rebound and claw back some of the market share it has lost to India over the last
couple
of
years.
Thailand
Thailand new crop became available for quotation, firming Thailand rice quotes. Thailand 5% broken rice
quotes ended the month at $425 per ton, up about 8% from a month ago and down about 23% from a year ago.
Thailand baht depreciated against U.S. dollar by about 3% from a month ago and ended the month at 32.81 baht
per
U.S.
dollar.
Thailand has exported about 5.9 million tons of rice in first eleven month of 2013, down about 5.4% during
same time in last year. Meanwhile, Thailand officials are expected that Thailand will export about 6.68 million
tons rice in 2013, down about 16% from the target of a minimum 8 million tons, and down about 4% from last
year's export of about 7 million tons. Separately, Thailand Finance Ministry said that the government has
sufficient funds to pay farmers under the rice mortgage program and delayed payments will be done by January
15, 2014. According to the ministry, the government will spend up to 90 billion baht (about $2.75 billion) to
pay farmers in the 2013-14 rice mortgage programs on January 15, 2014. The Thailand Finance Ministry also
admitted that Thailand’s rice mortgage scheme losses for the 2 years from October 2011 – September 2013
stand
at
390
billion
baht
(about
$12
billion).
According to USDA, Thailand will produce about 31 million tons rice in 2013-14, up about 1-2% from the

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previous year. USDA expects that Thailand rice export will reach about 7 million tons in 2013, and will reach
about
8
million
tons
in
2014.
Meanwhile, the Thailand Development Research Institute (TDRI) and Thailand’s caretaker agriculture minister
said that rice farmers in Thailand should merge rice plots and make use of farm machinery to improve rice yield
and reduce production costs. The TDRI representative added that the rice mortgage program should not be
continued as global prices are likely to decline in 2014 and in coming years due to declining rice consumption.
Instead, he suggests, Thai rice farmers should improve efficiency to reduce production costs.
India
India rice quotes declined in December due to the arrival of rice from the ongoing harvest. India 5% broken rice
quotes ended the month at $410 per ton, down about 1% from a month ago and down about 5% from a year ago.
Meanwhile domestic average wholesale rice prices in India declined to about Rs.2, 862 per quintal (about $463
per ton, using current exchange rates) in December, 2013, down about 2% from a month ago and up about 11%
from a year ago. The India rupee remained stable at around 61.67 rupee per U.S. dollar.
According to USDA, India has exported about 9.6 million tons of rice in January - November 2013, up about
1% from about 9.5 million tons exported during same time in last year, while USDA projected That India will
export about 10 million tons rice in 2013-14. USDA also added that that the Indian government may review its
non-basmati rice export policy in 2014 if government procurement drops significantly or if domestic prices
increase. Meanwhile, USDA expects that Indian will produce about 103 million tons rice in 2013-14, down
about
1%
from
about
104.4
million
tons
produced
in
last
year.
India may have to import about 4 – 12 million tons of rice by 2016-17 if the nation's rice production target of an
additional 10 million tons by 2016-17 is not met, according to a report published by Indian government. India
annual rice consumption is projected at about 110 million tons by 2016-17. However, rice production may
remain
between
98
–
106
million
tons.
As of December 1, 2013, India’s rice stocks in the central pool reached about 28.19 million tons (including a
milled equivalent of about 21.504 million tons of paddy), down about 8% from about 30.607 million ton
recorded same time last year, which is about four times the required buffer and strategic reserve norms of about
7.2
million
tons
for
this
time
of
the
year.
Separately, the Indian government may increase buffer norms for rice and wheat in the central pool to ensure
availability of food grains in the country for the implementation of the Food Security Act.
Vietnam
Typhoon Wutip, which hit Vietnam on October 1, 2013, disrupted supplies and helped push prices higher, but
rice sales to Philippines and China have supported the Vietnamese rice quotes. Vietnam 5% broken rice quotes
ended the month at $410 per ton down about 4% from a month ago and down about 1% from a year ago.

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Vietnamese

dong

stayed

at

about

20,958

dong

per

U.S.

dollar.

Vietnam has exported about 6.681 million tons of rice in full calendar year 2013, down about 12% from about
7.586 million tons of rice exported in calendar year 2012, according to VFA data. Average export price during
this period stands at about $433 per ton (FOB), down about 5% from an average export price of about $456 per
ton
(FOB)
recorded
in
2012.
Pakistan
Pakistan 5% broken rice quotes ended the month at $390 per ton, up about 3% from a month, but down about
7% from a year ago. Pakistan rupee ended the month around 105 rupees per U.S. dollar, up slightly from earlier
in
the
month.
Pakistan exported about 1.06 million tons rice in the first five months of the current fiscal year 2013-14 (July –
June), up 10% from during same period in last year. Meanwhile, the USDA expects that Pakistan will produce
about 6.4 million-ton rice in MY 2013-14 (November - October), up about 7% from last estimates and up about
10% from last year's production. The USDA said that Pakistan rice production would increase mainly due to
better monsoon rains and higher yield from hybrid varieties. The USDA projects that Pakistan will export about
3.4 million tons of rice in MY2013-14, up about 13% from the previous estimate and up about 3% from last
year.
Cambodia
Cambodia 5% broken rice ended the month at $465 per ton, up about 1% from a month ago.
Cambodia exported about 378,856 tons of rice in CY2013, up about 84% from last year. European nations
remain the major rice export destination for official exports, along with Thailand and Malaysia. Separately, EU
trade commissioner said that about 30% of the 196,000 tons of rice exported by Cambodia to EU so far in this
year is rice of Vietnam origin mixed with Cambodia rice. The Commissioner warned that Cambodia could lose
EBA benefits if Cambodian government fails to control the quality of rice exported to the EU members.
Meanwhile the Cambodian government and rice exporters have dismissed allegations that rice exports to the
European Union (EU) countries are contaminated with rice from Vietnam. Cambodia Officials said that while
some Cambodia rice is processed in Vietnam to match the quality required by EU markets; it does not mean that
rice
from
Vietnam
is
mixed
with
Cambodia
rice.
South

America

South America remains the most expensive origin. Uruguay and Argentina 5% broken rice quotes ended the
month at $630 per ton each, unchanged from last month. Meanwhile, Brazil 5% broken rice ended the month at
$685
per
ton,
also
unchanged
over
December.
Brazil's state agency, Conab, projects that Brazil will produce about 12.22 million tons rice in 2013-14, up

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about

4%

from

about

11.75

million

tons

produced

in

2012-13.

Separately, Conab announced an auction of about 63,245.46 tons of paddy rice to local mills on December 18,
2013, in which Conab sold about 60,760.07 tons of paddy at an average price of about 34.82 real per 50kg bag
(about $299 per ton) fob farm gate. Meanwhile Conab also announced that it will auction 100,393.718 tons of
Brazilian
paddy
rice
on
January
7,
2014
from
CONAB
stocks.
The USDA expects that Colombia will produce about 1.9 million tons paddy rice in MY2012-13, up about 12%
from previous estimates. Meanwhile the USDA expects that Colombia will produce about 1.926 million tons
paddy rice in MY2013-14. The USDA also said average rice area is increasing in Colombia due to better prices
(up
about
12%
compared
to
2012).
U.S.
U.S. 4% broken rice ended the month at $595 per ton, up about 1% from a month ago and unchanged from a
year ago. Meanwhile CBOT rough rice future ended the month at $15.275 per cwt (about $337 per ton) down
about
4%
from
a
month
ago,
and
up
about
3%
from
a
year
ago.
Separately, the USA Rice Federation and 11 other groups that represent the entire U.S. agriculture sector have
urged to the Obama Administration to ensure that Japan agrees to include rice and other agriculture items in
Trans-Pacific
Partnership
(TPP)
negotiations.
Philippines
Philippines total rice stocks as of November 1, 2013 reached at about 2.44 million tons, down about 12% from
last year, and enough rice to last for 72 days, according to the Bureau of Agricultural Statistics (BAS).
Meanwhile, Philippines Department of Agriculture (DA) continued to say that Philippines food security is
unaffected due to Typhoon Haiyan, which hit the country on November 8, 2013. The DA estimated that about
147,000 tons rice (about 1% of the total annual rice production) has lost due to Typhoon Haiyan. Separately, the
DA and FAO provided the emergency seeds to the farmers, whose rice crop affected due to typhoon. Moreover,
the Philippines have imported about 500,000 tons of rice from Vietnam to help maintain buffer stocks in the
aftermath of Typhoon Haiyan. Vietnam is expected to complete shipments by March 2014.
Other

Markets

While China is the world’s largest rice producer, the country has also become the world’s largest rice importer
in the last few years mainly due to high domestic production costs and increased demand for imported rice.
Sources say that rice yield in China is reaching its peak and it is difficult to see China’s rice production
increasing
in
the
coming
years.
According to China’s national land survey figures released recently, about 3 million hectares of land is now

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unsuitable for rice cultivation due to heavy contamination by poisonous heavy metals in soil and water.
Officials say that the per capita arable area in China continues to decline due to a growing population and rapid
urbanization. Meanwhile, the Chinese government has stopped rice cultivation in polluted land, and is planning
to spend billions of yuan to reduce pollution levels in soil and water by 2015.
Indonesia’s Agriculture Ministry says that Indonesia’s 2013 rice production is estimated to reach about 39.8
million tons against a consumption of about 34.4 million tons, suggesting a surplus of about 5.4 million tons of
rice in 2013. Meanwhile the ministry expects that rice production in 2014 will grow about 8% to about 43
million tons, which is expected to keep Indonesia self-sufficient in rice in 2014. However, according to the
USDA, 2013 rice production in Indonesia is projected at about 36.55 million tons. The USDA also estimates
Indonesia
will
import
about
1.5
million
tons
of
rice
in
2013-14.
At the end of December, Australia’s rice company SunRice increased the paddy purchase price of the 2013
crop by 20 Australian dollars (about $18) per ton, which means the indicative full year paddy price has now
increased to about 280 Australian dollars (about $250) per ton, according to local sources. Separately, according
to USDA, Australia’s paddy rice production reached about 1.16 million tons in 2012-13 (about 840,000 tons,
milled basis) and is forecast at about 944,000 tons (about 680,000 tons, basis milled) in 2013-14. Australia’s
2012-13 rice exports are estimated at about 500,000 tons, while 2013-14 rice exports are projected to reach
about
520,000
tons,
according
to
the
USDA.
2013

Research

Industry

Forecasts

and

by

USDA

and

Scientific

FAO:

Development:

The world’s largest agriculture research partnership, CGIAR, said that rice research could lift people out of
poverty
across
the
world.

Cell # 92 321 369 2874

http://oryza.com/news/rice-research-can-lift-hundreds-millions-out-poverty-says-cgiar
Rice bran oil reduces “bad” cholesterol and helps in better management of lipid profile in patients with high
cholesterol levels when compared to olive oil or groundnut oil, according to a recent study by Postgraduate
Institute
of
Medical
Education
and
Research
(PGIMER),
India.
http://oryza.com/news/rice-bran-oil-better-olive-oil-lipid-profile-management-says-study
December

Tenders:

Qatar issued a tender to buy 24,000 tons of basmati rice of Indian origin. The deadline was December 23, 2013.
http://oryza.com/news/qatar-tenders-buy-24000-tons-india-basmati-rice
Syria issued a tender to buy 50,000 tons of rice with deadline was December 17, 2013.
http://oryza.com/news/syria-tenders-buy-50000-tons-rice-payment-iran
South Korea issued a tender to buy about 33,300 tons non-glutinous brown rice of long-grain variety with
deadline
was
Deadline
was
December
9,
2013.
http://oryza.com/news/south-korea-purchases-33300-tons-rice-tenders
Meanwhile, Iraq rejected all offer in a tender to buy about 30,000 tons rice. Separately, issued another tender to
buy minimum 30,000 tons of rice with last date for submission of applications is January 13, 2014.
http://oryza.com/news/iraq-rejects-all-offers-recent-tender-30000-tons-rice
http://oryza.com/news/argentina-rice-lowest-offer-recent-iraq-tender
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Vietnam 2013 Rice Exports Decline 12% Y-o-Y to 6.7 Million Tons
Jan 06, 2014

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Vietnam’s total rice exports in the calendar year 2013 dropped to around 6.7 million tons, down about 12%

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from around 7.6 million tons exported in the previous year, according to the Vietnam Food Association
(VFA).Total rice exports in 2013 earned Vietnam about $2.9 billion, down about 16% from around $3.45
billion in 2012. Average rice export price in 2013 stood at about $433 per ton (FOB), down about 5% from
average export price of about $456 per ton (FOB) recorded in 2012.The VFA says that rice exports declined in
2013 despite lower rice prices, mainly due to lower purchases made by Vietnam’s traditional rice buyers such as
Indonesia and the Philippines.
However, Vietnam’s 2013 rice exports (mostly cross border) to China are estimated at around 1.4 - 1.6 million
tons, up about 400% from the previous year.Month-on-month, Vietnam exported about 540,378 tons of rice in
December 2013, up about 17% from about 461,648 tons of rice exported in December 2012, and up about 31%
from about 410,423 tons of rice exported in November 2013. Average export price in December 2013 stood at
about $455.50 per ton (FOB), down about 0.5% from last year, but up about 2.8% from last month.Meanwhile,
domestic paddy prices in the Mekong Delta for common stock stand at around VND 5,650 - 5,750 per kilogram
(about $263 - $268 per ton, using current exchange rates). Vietnamese 5% broken domestic rice prices stand at
around VND 7,450 - 7,550 per kilogram (about $347 - $352 per ton, using current exchange rates), while
Vietnamese 25% broken rice prices stand at around VND 7,100 - 7,200 per kilogram (about $331 - $335 per
ton, using current exchange rates).
Tags: Vietnam rice exports 2013

Oryza Quick Glance at World News
Jan 06, 2014

Financial Times –
*Brussels is set to ease financial reforms so that big European banks are not forced automatically to split
lending operations from risky trading. In a draft European Commission proposal, seen by the Financial Times,
the separation is no longer mandatory, would be less costly and restrictive than first envisaged and national
supervisors are given wide discretion in applying the reforms.
*Jack Lew, the U.S. Treasury secretary, will renew pressure on Germany to boost domestic demand and
embrace a deeper banking union when he visits Berlin this week, amid persistent divisions between the two
countries over economic policy.
*The global technology market - buoyed during the financial crisis by the shift to mobile devices – is set to
decline by 1% in 2014, according to forecasts released by the Consumer Electronics Association on the eve of
the International Consumer Electronics Show.
*HSBC's monthly survey of China's service sector fell to its lowest pace of growth since August 2011 last
month, highlighting growth challenges facing the Communist government as it embarks on far-reaching
reforms. The survey declined from 52.5 in November to 50.9 last month, indicating "marginal" growth.

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*Taiwanese consumer price index rose just 0.33% from a year ago in December, the slightest gain since August,
and half a percent lower than estimates. In November, CPI was up 0.67.
*Lynn Good, who took over at North Carolina-based Duke Energy last year, said the company was planning for
average annual demand growth of just 0.5-1% per year. That compares with growth of 2-3% in the 1990s and
early 2000s, and 5-7% in the 1960s and 1970s.
*Turkey’s finance minister has warned of negative implications for the country’s slowing economy from the
corruption scandal that has engulfed Ankara’s political elite and triggered a slide in the lira.
Wall Street Journal*U.S. prosecutors and regulators are expected to announce this week that J.P. Morgan Chase & Co. will pay
slightly more than $2 billion in penalties for alleged failures to warn about Bernard L. Madoff's massive fraud,
said people familiar with the negotiations.
*A volcano on Indonesia's Sumatra Island erupted at least 77 times over the weekend, sending clouds of
potentially deadly superheated gas barreling down the mountain and forcing the evacuation of more villages in
the highly populated area. Experts have placed it under the highest alert status among the 127 active volcanoes
in Indonesia, which is home to more active volcanoes than any other country and has some of the world's most
lethal volcanic activity.
*Iran might become involved in the Syrian peace talks scheduled to be held in Geneva this month, Secretary of
State John Kerry said, a possibility that members of the opposition in Syria's civil war have resisted.
*Pope Francis will visit Israel, Jordan and the Palestinian territories in May, his second trip abroad since
becoming pontiff and one that will include a meeting with the leader of the Orthodox Christian Church.
*Singaporean lender OCBC Bank has entered exclusive talks to buy Wing Hang Bank Ltd., in a deal that could
value the Hong Kong lender at more than $5 billion, a person familiar with the matter said Monday.
*A heavy-duty U.S. icebreaker is steaming toward Antarctic waters to assist a Russian research ship trapped in
ice since late last month and a Chinese vessel that got stuck offering support during a continuing drama near the
South Pole, authorities said during the weekend.
*Myanmar opposition leader Aung San Suu Kyi renewed her call over the weekend for a constitutional
amendment that would allow her to run for president, as small groups of her supporters demonstrated in favor of
the change.
*The slowdown in India's service sector has now reached six months, the longest period of continuous decline
since the 2008/2009 global financial crisis. The monthly survey from HSBC came in at 46.7 - the worst reading
since September. The score in November was 47.2. Any figure below 50 indicates contraction.
New York Times*Japanese Prime Minister Shinzo Abe says he wants to explain to leaders in China and South Korea about his
visits to the Yasukuni Shrine in Tokyo, which honors the country's war dead.
*A U.S. diplomat arrived in Sri Lanka on Monday to discuss issues relating to alleged war crimes stemming
from the Indian Ocean island nation's quarter-century civil war, which ended four years ago.

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*A Spanish government team will meet officials in Panama on Monday to try to end a cost dispute between a
Spanish-led consortium expanding the Panama Canal and the waterway's operator that threatens to stall the
huge infrastructure project.
*London ranks as the top city for foreign real estate investment opportunity, beating out last year's winner, New
York, according to a survey released on Monday by the Association of Foreign Investors in Real Estate.
Meanwhile, The U.S. remains the most "stable and secure" country for investment by a wide margin of more
than 50 percentage points over second-place country Germany.
*Bangladesh's ruling party on Monday won one of the most violent elections in the country's history, marred by
street fighting, low turnout, and a boycott by the opposition that made the results a foregone conclusion.
*China's five-year borrowing costs jumped to the highest since 1998 at a bond auction on Monday, despite
markedly scaling back the amount it raised from local bond investors. The Beijing-based finance ministry
issued a CNY10 billion bond maturing in January 2019 at a yield of 4.47%. The last time China issued a fiveyear bond was in December, when it paid 4.13% to borrow nearly three times as much
Tags: World news

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