14th september,daily exclusive oryza rice e newsletter by riceplus magazine

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Daily Exclusive ORYZA Rice E-Newsletter Contents are published with permission of ORYZA.com

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Vol 5.Issue XIV

September 14, 2015

Daily Exclusive ORYZA Rice E-Newsletter

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Global Rice Quotes

September 11th, 2015

Long grain white rice - high quality

Thailand 100% B grade 355-365 ↔

Vietnam 5% broken 320-330 ↔

India 5% broken 375-385 ↑

Pakistan 5% broken 315-325 ↔

Myanmar 5% broken 420-430 ↔

Cambodia 5% broken 420-430 ↔

U.S. 4% broken 530-540 ↔

Uruguay 5% broken 535-545 ↔

Argentina 5% broken 530-540 ↔

Long grain white rice - low quality

Thailand 25% broken 330-340 ↔


Pakistan 25% broken 290-300 ↔

Cambodia 25% broken 405-415 ↔

India 25% broken 340-350 ↔

U.S. 15% broken 500-510 ↔

Long grain parboiled rice

Thailand parboiled 100% stxd 345-355 ↓

Pakistan parboiled 5% broken stxd 415-425 ↔

India parboiled 5% broken stxd 360-370 ↑

U.S. parboiled 4% broken 570-580 ↔

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Brazil parboiled 5% broken 545-555 ↔

Uruguay parboiled 5% broken NQ ↔

Long grain fragrant rice

Thailand Hommali 92% 810-820 ↔

Vietnam Jasmine 450-460 ↔

India basmati 2% broken NQ ↔

Pakistan basmati 2% broken NQ ↔

Cambodia Phka Mails 830-840 ↔

Brokens

Thailand A1 Super 305-315 ↔


Pakistan 100% broken stxd 275-285 ↔

Cambodia A1 Super 355-365 ↔

India 100% broken stxd 300-310 ↔

Egypt medium grain brokens NQ ↔

U.S. pet food 335-345 ↔

Brazil half grain NQ ↔

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

Bangladesh Researchers Develop New

Transgenic Saline-Tolerant Rice Varieties to

Boost Production in Coastal Belt

Sep 11, 2015

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A team of Bangladeshi researchers led by Professor Zeba Islam Seraj of Dhaka University

developed four transgenic saline-tolerant rice varieties, which are capable of producing 50%

higher yield than the saline-tolerant varieties currently used, according to Daily Star.

The researchers infused a particular pea gene 'helicase' that contains into four high yielding rice

varieties (HYVs) BRRI Dhan-28, BRRI Dhan-29, BRRI Dhan-36 and BRRI Dhan-47. They

procured 'helicase' from the International Center for Genetic Engineering and Biotechnology

(ICGEB) and then using Agrobacterium as carrier infused the salt-tolerance vigour into home-

grown rice variety Binnatoa. Then the researchers crossed the helicase-infused Binnatoa with the

four selected HYVs.

Agrobacterium is an important material in genetic engineering as it is capable of transferring

organism's genetic information between itself and plants.

The team is initially focussing on two transgenic varieties derived from BRRI Dhan-28 and

BRRI Dhan-47 as they are considered to have higher yield potential and higher resistance to

salinity. The team leader told local sources that the two rice varieties would be put on confined

trials inside BRRI's transgenic greenhouse followed by field trials once they receive permission

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from the biosafety regulators. She noted that the farmers can have the transgenic rice for

cultivations in two to three years, provided the trials are successful.

"There are salinity level up to 15/16 decisiemens per metre in coastal regions but even if we can

cover 50% of the moderate salinity-prone farmland under transgenic rice, the country's rice

productivity would have a significant boost," she said.

The Agriculture Minister noted that the new rice breeds that could withstand salinity would

support the government's policy of promoting Boro in the southern coastal regions and rain-fed

Aman and Aus in the northern regions.

Brazil Rice Stocks Decline Slightly to 124,777

Tons in August 2015

Sep 11, 2015

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Brazil rice stocks stood at around 124,777 tons in August 2015, slightly down from around

127,785 tons in July 2015 and down about 77% from around 538,747 tons in August 2014,

according to the country's national grain supplying agency Conab.

According to Conab, rice stocks with the Selling Option Contract of Agricultural Products

(OPCAO) the Federal Government Acquisition (AGF) remained unchanged from last month's

level of 72,558 tons and 52,213 tons respectively. They were down about 78% and about 75%

respectively from their year-ago levels of 326,607 tons and 211,201 tons. Rice stocks with

farmers (Agricultural Familiar) stood at around 6 tons in August 2015, down 57% from around

14 tons in July 2015 and down about 99% from around 939 tons in August 2014.

In August 2015, Brazil’s National Grains Supply Company (Conab) has forecasted the country's

2014-15 paddy rice production at around 12.432 million tons (around 8.45 million tons, basis

milled), up about 2.6% from around 12.121 million tons (around 8.24 million tons, basis milled)

in 2013-14, and slightly down from its July forecast of around 12.499 million tons.

China May Sign Rice Import Agreement with

U.S. Shortly

Sep 11, 2015

China has agreed to open its rice import market to the U.S. rice and is likely to sign an agreement

with the U.S. government shortly, a move that would end more than a decade long negotiations,

according to Politico.

The China's General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ)

reportedly informed the U.S. Department of Agriculture that it would sign a proposal that

establishes the phytosanitary or pest control rules necessary to allow U.S. rice into China.

Though the timing of the deal is still not clear, the U.S. rice industry representatives are

optimistic about the development.

"We're confident that we're in the very final phase of all of this and it appears that we'll have a

signed protocol before the end of September," the President of the U.S. Rice Producers

Association was quoted. Sources say the deal would be finalized during the Chinese Premier's

visit to the U.S. later this month.

The USDA sent its latest phytosanitary protocol to China last month but the U.S. rice sector was

not confident whether the Chinese government would accept the proposal. The U.S. government

has for a long time refused the Chinese demand to label the shipments based in the varieties of

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rice included in the blends of grain. The U.S. has been maintaining that a phytosanitary deal

concerns about plant pest and disease safeguards and not labelling issues. However, the USDA

agreed to inform the Chinese government about any kind of pests and beetles detected in the U.S.

mills.

China originally agreed to import at least 2.7 million tons of U.S. rice when it joined the World

Trade Organization (WTO) in 2001. But several issues have been hindering a deal between the

two countries.

USDA forecasts China to import about 4.4 million tons of rice in 2015-16, up about 10% from

around 4 million tons in 2014-15.

Vietnam Rice Exports Decline 10% y/y to

3.818 Million Tons in First Eight Months of

2015

Sep 11, 2015

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Vietnam exported about 3.818 million tons of rice in first eight months of 2015, down about 10%

from about 4.26 million tons of rice exported during same time last year, according to data from

the Vietnam Food Association (VFA). The average rice export price so far in this year stands at

about $417 per ton (FOB), down about 3% per ton from about $431 per ton recorded during

same last year.

In August, 2015, Vietnam exported about 517,060 tons of rice, down about 18% from about

627,089 tons rice exported in August 2014, and down about 12% from about 589,323 tons rice

exported in July 2015. The average export price in August stands at about $434 per ton, up about

1% per ton from a year ago and up about 8% per ton from a month ago.

Large Undisposed Stocks Suppressing Prices

in Pakistan, Says FAO-SUPARCO Report

Sep 11, 2015

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In the August Crop Monitoring System Bulletin, the National Space Agency of Pakistan

(SUPARCO) and UN’s Food and Agriculture Organization (FAO) report that this year's

monsoon in Pakistan has been turbulent with ensuing floods in Chitral and downstream Indus

basin. Due to this around 48,300 hectares of paddy fields have been inundated.

The report says the sowing of kharif rice crop has been completed. Generally, the availability of

fertilizers was satisfactory but irrigation water supply was lower by about 7.96% over last year.

It also says that lack of proper marketing has led to increased stocks and lower prices last year.

This year's harvest that is expected during October/November is expected to further depress

prices leading to problems to farmers. The government is urged to take remedial measure to

address this issue. Export price of Pakistan 5% rice is currently quoted at around $320 per ton,

down about 26% from around $435 per ton last year.

The Federal Committee on Agriculture (FCA) has reportedly fixed the 2015- 16 (July - June)

milled rice production target at around 6.902 million tons (around 10.21 million tons, basis

paddy) from around 2.836 million hectares. It is targeting an yield of around 2.434 tons per

hectare in 2015-16.

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USDA estimates Pakistan's MY 2014-15 (November - October) milled rice production to

increase about 3% to around 6.9 million tons (around 10.35 million tons, basis paddy) from

around 6.7 million tons (around 10.051 million tons, basis paddy) last year.

Iraq Extends Deadline to Buy At least 30,000

Tons of Rice Until September 14, 2015

Sep 11, 2015

The Iraq Trade Ministry has extended deadline to buy at least 30,000 tons of rice in international

tenders from the U.S., Uruguay, Argentina, Brazil and India until September 14, 2015, according

to Bloomberg.

The Ministry initially set September 6, 2015 as deadline to receive bids with offers having to

remain valid until September 10, 2015.

However, it did not make any purchases due to high prices. India offered three bids of $537 per

ton, $538 per ton and $539 per ton (c&f basis) for 50,000 tons of IR-64 grade rice; the U.S.

offered a bid of $559 per ton (c&f); Argentina offered a bid of $547 per ton (c&f), Uruguay

offered a bid at $549 per ton (c&f); and Brazil reportedly did not make any offer, according to

the European traders.

Oryza Afternoon Recap - Chicago Rough

Rice Futures Rally as Bullish USDA S&D

Report Sends US Grains Higher

Sep 11, 2015

Chicago rough rice futures for Nov delivery settled 16 cents per cwt (about $4 per ton) higher at

$12.830 per cwt (about $283 per ton). The other grains finished the day higher after the release

of a supportive USDA S&D report; Soybeans closed about 0.1% higher at $8.7425 per bushel;

wheat finished about 1.4% higher at $4.8450 per bushel, and corn finished the day about 3.4%

higher at $3.8700 per bushel.

U.S. stocks traded in a range Friday, as investors eyed declines in oil prices and remained

uncertain ahead of the key Federal Reserve meeting next week. The major averages held mostly

lower in early afternoon trade, with only the Dow Jones industrial average trying for slight gains.

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Investors are mixed over whether the Federal Open Market Committee will raise rates at its

meeting next Wednesday and Thursday. In Europe, the pan-European STOXX 600 index closed

down about 1%, with investors also looking to next week's Fed decision. In Asia, the Shanghai

Composite Index closed 0.08% higher, while the Nikkei was down 0.19%.In midday trade, the

Dow Jones industrial average traded up 6 points, or 0.04%, at 16,337.

The S&P 500 traded down 3 points, or 0.16%, at 1,949, with consumer discretionary leading five

sectors higher and energy the greatest laggard. The Nasdaq traded down 5 points, or 0.10%, at

4,791. Gold is trading about 0.6% lower, crude oil is seen trading about 1.9% lower, and the U.S.

dollar is seen trading about 0.3% lower about 1:00pm Chicago time.Thursday, there were 1,172

contracts traded, up from 1,229 contracts traded on Wednesday. Open interest – the number of

contracts outstanding – on Thursday increased by 80 contracts to 10,070.

India 2015-16 Main Paddy Rice Sowing

Slightly Ahead of Last Year Despite El Nino

Concerns

Sep 11, 2015

Total area planting to India's 2015-16 Kharif (main) rice crop (June - December) is continuing to

be ahead of the last year planting despite concerns of weaker rains in the second half of the

monsoon season (August-September). Total rice planted area stood at around 36.841 million

hectares as of September 11, 2015, slightly up from around 36.651 million hectares planted

during the same time last year, according to a press release by the Agriculture Ministry.

The Indian Meteorological Department (IMD) has forecast a 16% deficit in the rainfall during

the second half (August-September) of the monsoon season (June-September). While August

rainfall was estimated at 10% below normal, the September is expected to witness a higher

deficit. A likely drought-inducing El Nino this year is expected to lower production prospects in

India this year. The IMD has forecasted the El Nino pattern to reach to moderate to a strong one

during the monsoon season (June – September).

The government of India estimates 2014-15 rice production to decline about 2% y/y to around

104.8 million tons due to below average rains during the kharif main rice crop planting process

(June - September 2014) in many key rice growing areas and unseasonal rains and hailstorms

during February and March 2015. If monsoons play a havoc this year also, production would

decline for second consecutive year leading to price hikes.

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Global rice prices are expected to increase by 10-20% as El Nino is likely to dampen production

prospects in Asian countries, including India, Thailand, Indonesia and the Philippines.

The total Kharif crop sown area stands at 101.2 million hectares as on September 11, 2015, up

about 1.77% from around 99.44 million hectares during the same period last year, according to

the Agriculture Ministry.

Philippines Rice Stocks Continue to Decline

for Third Consecutive Month

Sep 11, 2015

The Philippines rice stocks have declined for third consecutive month in August 2015 after

increasing in April and May, according to the Bureau of Agricultural Statistics (BAS).Total rice

stocks in the Philippines as of August 1, 2015 stood at around 2.24 million tons, down about

13% from around 2.57 million tons recorded in July 2015, and up about 30% from around 1.72

million tons recorded during the same period last year.

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According to the BAS, household stocks (which account for about 32.7% of total rice stocks in

the country) stood at around 730,000 tons as of August 1, 2015, up about 4% from year-ago

levels of around 700,000 tons. Commercial warehouse rice stocks (which account for about

31.9% of total stocks) have reached around 720,000 tons as of August 1, 2015, up about 24%

from their year-ago levels of around 580,000 tons. The rice stocks with the National Food

Authority (NFA) (which account for 35.4% of total stocks) stood at around 790,000 tons, up

about 80% from around 440,000 tons recorded in August 2014.

Month-on-month, household rice stocks are down about 23%, commercial warehouse rice stocks

are down about 14% and NFA rice stocks - in which about 91.5% are imported rice - are up

about 2.5%, according to the BAS.

The BAS says that the Philippines' rice stocks as of August 1, 2015 are enough to last for 66

days (household stocks are enough for 22 days, commercial warehouses stocks are enough for 21

days and stocks with NFA are enough for 23 days).

Myanmar Decides to Resume Rice Exports,

Says Commerce Minister

Sep 11, 2015

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The government of Myanmar has decided to lift the temporary ban on exports, which was

imposed in early August to overcome food shortages and price hikes following widespread

flooding, and resume rice exports, local sources quoted the Commerce Minister.

The Minister reportedly announced the decision to resume exports at the annual meeting of the

Union of Myanmar Federation of Chambers and Industry on September 9.He noted that the

decision to resume exports has been taken after evaluating the recovery from flood damage in

growing areas. “Rice has been re-planted in some areas and after we calculated the effect of the

flooding, we decided to re-open the market to exports,” he said.

The Vice Chairman of the Myanmar Rice Federation (MRF) noted that the temporary suspension

of exports would reduce the 2015-16 (April - March) rice exports by over 400,000 tons. Prior to

the flood crisis, the MRF had been expecting the country to export about 2 million tons of rice in

2015-16, up from about 1.8 million tons exported in 2014-15.

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Oryza Overnight Recap – Chicago Rough

Rice Futures Higher Overnight as Traders

Brace for USDA S&D Update

Sep 11, 2015

Chicago rough rice futures for Nov delivery are currently paused 7 cents per cwt (about $2 per

ton) higher at $12.740 per cwt (about $281 per ton) ahead of floor trading in Chicago. The other

grains are seen trading mostly higher ahead of early morning action; soybeans are currently seen

trading about 0.3% higher, wheat is listed about 0.1% lower and corn is currently noted about

0.1% higher.

U.S. stock index futures indicated a lower open on Friday with traders cautious about next

week's meeting of the U.S. Federal Reserve and wary of any attempts by the market to rally. The

Fed will meet on September 16 and 17, with the timing of the U.S. central bank's first rate hike

in nine years a continued source of debate in the markets. In Europe, the pan-European STOXX

600 index was down about 1%, with investors also looking to next week's decision.

In Asia, the Shanghai Composite Index closed 0.08% higher, while the Nikkei was down

0.19%.Futures extended losses slightly after the Producer Price Index (PPI) for August came in

unchanged, mildly beating expectations for a 0.1% decline. The core PPI was up 0.7% in the 12

months through August. The only other major economic data due is consumer sentiment,

scheduled for release at 10 a.m. Gold is currently trading about 0.4% lower, crude oil is seen

trading about 3.1% lower, and the U.S. dollar is currently trading about 0.1% higher

at 8:15am Chicago time.

Oryza U.S. Rough Rice Recap - Prices Firm

after USDA Cuts Production Forecast

Sep 11, 2015

The U.S. cash market continued its charge higher today after the USDA released a friendly

WASDE report for U.S. rice.

The USDA cut their old crop long grain ending stocks by 2.6 million cwt (117,934 tons) pegging

it at 26.5 million cwt (1.20 million tons). The USDA also cut their 2015/2016 long grain

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production estimate by 17.5 million cwt (793,787.59 tons) pegging it at 131.5 million cwt (5.96

million tons) on account of decreased acreage and lower field yields.

The decreases in long grain production were partially offset by cutting long grain domestic use

by 6.0 million cwt (272,156 tons) and long grain exports by 10.0 million cwt (453,593 tons). In

the end, the USDA cut their 2015/2016 long grain ending stocks figure by 4.1 million cwt

(185,973 tons) pegging it at 23.0 million cwt (1.04 million tons). The USDA also increased their

average on farm price for long grain paddy from $11.50-12.50 per cwt ($254-$276 per ton) to

$12.80-$13.80 per cwt ($282-$304 per ton).

In the meantime, the USDA reported that cumulative net export sales for the week that ended on

September 3rd

, totaled 93,400 tons, an increase of 41% from the previous week.

Increases were reported for the following destinations including: 30,000 tons to Venezuela,

25,600 ton to South Korea, 15,600 tons to Mexico, 12,000 tons to Japan, and 6,400 tons to El

Salvador including 3,000 tons switched from unknown destinations while decreases of 7,300

tons were reported for unknown destinations.

U.S. rice exporters shipped 95,400 tons, a decrease of 39% from the previous week, with the

primary destinations including: 30,000 tons to Venezuela, 27,900 tons to Panama, 13,500 tons to

Mexico, 10,100 tons to Haiti, and 4,400 tons to South Korea.

Oryza Weekly: Philippines Tender A Sliver of

Hope for Global Rice Prices

Sep 11, 2015

The Oryza White Rice Index (WRI), a weighted average of global white rice export quotes,

ended the week at about $391 per ton, down about $1 per ton from a week ago, down about $7

per ton from a month ago and down about $80 per ton from a year ago.

Thailand

Thailand 5% broken rice is today shown at about $345 per ton, down about $10 per ton from a

week ago, down about $25 per ton from a month ago and down about $85 per ton from a year

ago.

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Rice exports increased sharply in July 2015 after declining about 27% m/m in June. Thailand

has exported about 734,947 tons of rice in July, an increase of about 7% from June but about

22% less than in July 2014.

The latest rice auction conducted by the Thai government received a lukewarm response from

traders.

Thailand’s National Rice Policy Committee has instructed authorities in 51 provinces to carry

out inspections of about 13.5 million tons of rice stored in 1,800 warehouses around the country.

Vietnam

Vietnam 5% broken rice is today shown at about $325 per ton, down about $5 per ton from a

week ago, down about $20 per ton from month ago and down about $125 per ton from a year

ago.

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During the period January 1 – August 27, Vietnam exported about 3.626 million tons of rice, a

decrease of about 15% from the first eight months of 2014.

Vietnam’s rice exports to Africa declined sharply in July due to a decline in export demand and

stiff competition from India and Thailand. Vietnam exported 70,819 tons of rice to Africa in

July (about 12% of its total exports that month).

The USDA Post has lowered its estimates for Vietnam’s 2015 rice exports to 6 million tons, a

decrease of about 10% from USDA’s official estimate and a decrease of about 5% from last

year’s exports.

Cambodia 5% broken rice is today shown at about $425 per ton, down about $10 per ton from a

week and a month ago, and down about $45 per ton from a year ago. In the first eight months of

2015, Cambodia has exported about 342,136 tons of milled rice, an increase of about 46% from

the same period last year. Meanwhile, rice exporters in Cambodia have expressed concern that

Cambodia may not bid for the Philippines tender for 750,000 tons as they cannot compete with

Thailand and Vietnam exporters on price.

India

India 5% broken rice is today shown at about $380 per ton, up about $10 per ton from a week

ago, down about $10 per ton from a month ago, and down about $60 per ton from a year ago.

Total area planting to India's 2015-16 Kharif (main) rice crop (June - December) in India stood at

around 36.841 million hectares as of September 11, 2015, slightly up from around 36.651 million

hectares planted during the same time last year, according to a press release by the Agriculture

Ministry.

The government plans to involve private players in 2015-16 rice procurement operations for the

2015-16 kharif marketing season (October-September) in some eastern states in order to improve

efficiency in transportation, packaging, and storage facilities.

Indian basmati rice exporters are concerned of oversupply of stocks from the kharif 2014 crop,

falling prices and lower demand head of the harvest of the kharif 2015 crop.

Rice stocks in the central pool stood at about 16.313 million tons as of September 1, a decrease

of about 25% from the same period last year.

Pakistan

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Pakistan 5% broken rice is today shown at about $320 per ton, unchanged from a week ago,

down about $25 per ton from a month ago and down about $115 per ton from a year ago.

Members of the Rice Exporters Association of Pakistan are urging the government to speed up

the rice-energy barter trade with Iran in order to help the deteriorating rice sector.

In the August Crop Monitoring System Bulletin, the National Space Agency of Pakistan

(SUPARCO) and UN’s Food and Agriculture Organization (FAO) report that this year's

monsoon in Pakistan has been turbulent with ensuing floods in Chitral and downstream Indus

basin. Due to this around 48,300 hectares of paddy fields have been inundated. They also report

that lack of proper marketing has led to increased stocks and lower prices last year.

Central & South America

Five per cent broken rice from Uruguay and Argentina is today shown at about $540 per ton,

unchanged from a week and a month ago, and down about $75 per ton from a year ago.

Brazil 5% broken rice is today shown at about $500 per ton, unchanged from a week and a

month ago and down about $110 per ton from a year ago. Brazil rice stocks stood at around

124,777 tons in August 2015, slightly down from around 127,785 tons in July 2015 and down

about 77% from around 538,747 tons in August 2014, according to the country's national grain

supplying agency Conab. Official sources report that in the first eight months of 2015, Brazil

has exported around 719,112 tons of rice. In August, Brazil exported about 117,342 tons of rice,

an increase of about 70% from July.

U.S.

U.S. 4% broken rice is today shown at about $535 per ton, unchanged from a week ago, up about

$60 per ton from a month ago and up about $5 per ton from a year ago.

The U.S. has reportedly dominated Turkey rice imports during the first six months of 2015, with

U.S. rice constituting 34% of total rice imports during that period.

Higher night temperatures in the southern part of the U.S. coupled with cloudy weather in other

regions is likely to lower the U.S. 2015 rice production by about 10-20% compared to last year,

according to Bloomberg.

Other Markets

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China has agreed to open its rice import market to the U.S. rice and is likely to sign an

agreement with the U.S. government shortly, a move that would end more than a decade long

negotiations and allow U.S. imports in its massive rice import market.

European Union rice imports have increased to about 1.143 million tons in crop year 2014-15

(September-August), an increase of about 12.7% from CY 2013-14, according to the European

Commission.

Paddy rice acreage in Italy in 2015-16 (September-August) stands at around 227,329

hectares. This is about 3.5% more than last crop year. Italy’s rice exports to non-EU nations

during the first week of 2015-16 crop year (September-August) are about half what they were at

this time last year, reaching only 1,195 tons.

The Philippines rice stocks have declined for third consecutive month in August 2015 after

increasing in April and May, according to the Bureau of Agricultural Statistics (BAS). Total rice

stocks in the Philippines as of August 1, 2015 stood at around 2.24 million tons, down about

13% from around 2.57 million tons recorded in July 2015, and up about 30% from around 1.72

million tons recorded during the same period last year. The National Food Authority of the

Philippines will import an additional 750,000 tons of rice to boost stocks as a drought-inducing

El Nino weather pattern is expected to affect the country’s production.

The Iraq Trade Ministry has extended deadline to buy at least 30,000 tons of rice in international

tenders from the U.S., Uruguay, Argentina, Brazil and India until September 14, 2015, according

to Bloomberg.

The government of Indonesia will provide rice insurance subsidies to farmers for the 2015-16

rice growing season (October-March).

The FAO All Rice Price Index declined to about 209 points in August 2015, a decrease of about

0.9% from July.

The FAO estimates 2015 global milled rice production to increase about 0.7% from 2014 to

500.6 million tons.

The FAO estimates North Korea’s 2015 paddy rice output to decline about 12.4% from last year

to about 2.3 million tons.

The government of Myanmar has decided to lift the temporary ban on exports, which was

imposed in early August to overcome food shortages and price hikes following widespread

flooding, and resume rice exports, local sources quoted the Commerce Minister.

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A team of Bangladeshi researchers led by Professor Zeba Islam Seraj of Dhaka University

developed four transgenic saline-tolerant rice varieties, which are capable of producing 50%

higher yield than the saline-tolerant varieties currently used, according to the Daily Star.

Temperature Fluctuations to Lower

Prospects for U.S. 2015 Rice Production

Sep 11, 2015

Higher night temperatures in the southern part

of the U.S. coupled with cloudy weather in

other regions is likely to lower the U.S. 2015

rice production by about 10-20% compared to

last year, according to Bloomberg.While rice

crops in Mississippi and Arkansas were

impacted by hot night temperatures in July,

crops in Louisiana were impacted by cloudy

skies during the growing season. Nearly 35%

the crop has been harvested across the five rice

growing states as of September 6. “We feel that

the crop is going to be a smaller crop,” said the

President of the U.S. Rice Producers

Association.

Experts are particularly concerned about the yields in Arkansas, the largest rice producing state

in the U.S. The President of the U.S. Rice Producers Association noted that though the harvest

activities are progressing well in Arkansas, problems associated with temperature are still having

effect on the crop. On the other hand California, the second largest rice producing in the U.S. is

enduring an extended drought and lower water supplies. While Arkansas produces long-grain

rice, California produces medium grain and short grain rice.

USDA estimates the U.S. 2015-16 (August - July) production to decline by about 7.2% y/y to

around 9.3 million tons. It estimates harvested area to decline about 6.2% y/y to around 1.096

million hectares. The yield is likely to be at record 8.66 tons per hectare, according to the USDA.

Domestic rice prices are said to have increased yield and quality concerns, said a market analyst

at VantageRM in Austin, Texas.

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Thailand Rice Sellers Lower Some of Their

Quotes; India Rice Sellers Increase Some of

Their Quotes

Sep 11, 2015

Thailand rice sellers lowered their quotes for parboiled rice by about $5 per ton to around $345-

$355 per ton today. India rice sellers increased their quotes for 5% broken rice by about $10 per

ton to around $375-$385 per ton and increased their quotes for parboiled rice by about $5 per ton

to around $360-$370 per ton. Vietnam and Pakistan rice sellers kept their quotes mostly

unchanged today.

5% Broken Rice

Thailand 5% rice is indicated at around $340 - $350 per ton, about $20 per ton premium on

Vietnam 5% rice shown at around $320 - $330 per ton. India 5% rice is indicated at around $375

- $385 per ton, up about $10 per ton from yesterday and about $60 per ton premium on Pakistan

5% rice shown at around $315 - $325 per ton.

25% Broken Rice

Thailand 25% rice is shown at around $330 - $340 per ton, about $15 per ton premium on

Vietnam 25% rice shown at around $315- $325 per ton. India 25% rice is indicated at around

$340 - $350 per ton, about $50 per ton premium on Pakistan 25% rice shown at around $290 -

$300 per ton.

Parboiled Rice

Thailand parboiled rice is indicated at around $345 - $355 per ton, down about $5 per ton from

yesterday. India parboiled rice is indicated at around $360- $370 per ton, up about $5 per ton

from yesterday and about $55 per ton discount to Pakistan parboiled rice last shown at around

$415 - $425 per ton.

100% Broken Rice

Thailand broken rice, A1 Super, is indicated at around $305 - $315 per ton, about $5 per ton

from premium on Vietnam 100% broken rice shown at around $300 - $310 per ton. India's 100%

broken rice is shown at around $300 - $310 per ton, about $25 per ton premium on Pakistan

broken sortexed rice shown at around $275 - $285 per ton.

14th september,daily exclusive oryza rice e newsletter by riceplus magazine

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