19th june (friday),2015 daily exclusive oryza rice e newsletter by riceplus magazine

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June 19 ,2015




Nepal Plans to Launch Three-Year Paddy

Mission to Boost Production, Cut Down

Imports

Jun 19, 2015

The government of Nepal plans to launch the first paddy mission from the fiscal year 2015-16

(August 2015 – July 2016) to boost output and help the country become self-sufficient in rice

production, according to local sources.A three-year time frame has been set to implement the

mission in about 670,000 hectares in 13 Tarai districts. The total planned area will be divided

into five cluster areas—Jhapa, Sunsari and Morang; Bara, Sarlahi and Parsa; Rupandehi and

Kapilvastu; Dang, Banke and Bardia and Kailali Kanchanpur.




The government aims to increase the average yield to around 3.43 tons per hectare in the first

year (i.e, 2015-16) from the current 3.17 tons, and further increase to 3.57 tons per hectare and

3.66 tons per hectare in the subsequent two years respectively. It also aims to increase the paddy

output from the current 4.78 million tons to around 4.94 million tons, 5.22 million tons and 5.4

million tons respectively in the three years.The Nepalese government is planning to reduce the

imports to around 277,000 tons in the first year, 96,000 in the second year and become self-

reliant in rice or be able to export about 10,000 tons of rice in the third year. Currently, Nepal

currently imports about 530,000 tons of rice annually.

It has allocated around Rs.100 million (around $983,478) for the three-year project, but the

actual requirement for the project has to be assessed, the Assistant Spokesperson of the Ministry

of Agricultural Development was quoted. He noted that the targets are not too ambitious and can

be achieved. He added that the government is also planning to launch ―chaite dhan‖ scheme

under which it would plant paddy from mid-March to mid-April, in areas where there are

irrigation facilities.

The official also noted that the government would support farmers by providing improved

varieties of paddy seeds and subsidies on farm machinery, irrigation and other tools in the

selected areas. It would also train farmers in these areas.The Agriculture Ministry estimates

Paddy production in 2014-15 to decline about 5.71% to around 4.78 million tons from around

5.04 million tons in 2013-14 due to a late monsoon and untimely rainfall.USDA estimates

Nepal’s MY 2014-15 (October 2014 – September 2015) paddy rice production to decline to

about 4.655 million tons (around 3.1 million tons, basis milled) from an estimated 5 million tons

(around 3.36 million tons, basis milled) in MY 2013-14. It estimates Nepal to import around

350,000 tons of rice in 2015.

Pakistan Rice Exports Continue to Decline

for Second Consecutive Month in May 2015

Jun 19, 2015




Pakistan's total exports declined sharply in May 2015, continuing to decline for the second

consecutive month after increasing about 33% m/m in March 2015.Pakistan exported around

263,044 tons of rice (including basmati and non-basmati) in May 2015, down about 27% from

around 360,446 tons exported in April 2015, according to provisional data from the Pakistan

Bureau of Statistics (PBS). In terms of value, Pakistan's rice export earnings declined about 16%

to around $152 million in May 2015 from around $180 million earned in April 2015.Year-on-

year, Pakistan’s exports increased about 11% from around 236,843 tons exported in May 2014.

In terms of value, they declined about 7% from around $163 million in May 2014.

Pakistan exported around 30,944 tons of basmati rice in May 2015, down about 10% from

around 34,568 tons exported in April 2015, and down about 57% from around 72,573 tons

exported in May 2014. In terms of value, Pakistan's basmati rice exports earned $38.3 million in




May 2015, down about 10% from around $42.5 million earned in April 2015, and down about

57% from around $88 million earned in May 2014.Pakistan exported around 232,100 tons of

non-basmati rice in May 2015, down about 29% from around 325,878 tons exported in May

2015 and up about 41% from around 164,270 tons in May 2014. In terms of value, Pakistan's

non-basmati rice exports earned $114 million in May 2015, down about 17% from around

$137.5 million earned in April 2015, and up about 53% from around $74.63 million earned in

May 2014.

Pakistan has exported around 3.71 million tons of rice (around 458,995 tons of basmati and

around 3.25 million tons of non-basmati) in the first eleven months of FY 2014-15 (July 2014 -

June 2015), up about 6% from around 3.49 million tons (around 613,655 tons of basmati and

around 2.88 million tons of non-basmati) exported during the same period in FY 2013-14. In

terms of value, Pakistan's exports earned around $1,902 million (around $487 million from

basmati and around $1,415 million from non-basmati) in July 2014 - May 2015, down about

5.5% from around $2,013 million (around $703 million from basmati and around $1,310 million

from non-basmati) earned during the same period in 2013-14.

Oryza Afternoon Recap - Chicago Rough

Rice Futures End Week on Bearish Note as

Negative Grains Exert Downward Pressure

Jun 19, 2015

Chicago rough rice futures for Jul delivery settled 9.5 cents per cwt (about $2 per ton) higher at

$9.720 per cwt (about $214 per ton). Rough rice futures erased yesterday’s gains and once again

moved lower, adding to losses sustained earlier in the week. The market remains range bound

and will technically remain so until either support at $9.400 per cwt (about $207 per ton) is

breached or resistance at $10.000 per cwt (about $220 per ton) is taken out. The other grains

finished the day mostly lower, with wheat being the only contract to manage to finish with a

slight gain; Soybeans closed about 0.6% lower at $9.7150 per bushel; wheat finished about 0.1%

higher at $4.8850 per bushel, and corn finished the day about 1.3% lower at $3.5325 per

bushel.U.S. stocks traded mildly lower on Friday following the Nasdaq's record close as

investors eyed developments in the Greece debt talks.




At an emergency summit on Monday, euro zone officials are expected to discuss how to handle a

Greek default if no new Greek reform proposals arrive, Reuters reported. Athens has said

without further aid, it will be unable to make a 1.5 billion euro ($1.7 billion) debt payment to the

International Monetary Fund due on June 30. Meanwhile, large deposit outflows from Greece

have raised concerns that Athens may have to implement capital controls. The European Central

Bank expanded emergency funding for Greek banks as savers pulled out 1.2 billion euros in a

single day on Friday, bankers said in a Reuters report, but Prime Minister Alexis Tsipras insisted

the nation's future in the euro was secure. Friday also marks quarterly expirations, which will

likely add some volatility. The major averages remain on track for weekly gains of about 1% or

more. The Dow Jones Industrial Average traded down 57 points or 0.31%, at 18,058. The S&P

500 traded down 7 points, or 0.33%, at 2,114, with energy leading seven sectors lower and health

care leading advancers. The Nasdaq traded down 17 points, or 0.30%, at 5,119. Gold is trading

nearly flat, crude oil is seen trading about 2.1% lower, and the U.S. dollar is seen trading at about

even at about 1:00pm Chicago time.Thursday, there were 1,632 contracts traded, down from

2,137 contracts traded on Wednesday. Open interest – the number of contracts outstanding – on

Thursday decreased by 331 contracts to 10,453.

Government of Thailand Expects Domestic

Paddy Prices to Increase About 10% Due to

Drought

Jun 19, 2015




The domestic prices of paddy are expected to increase by about 10% to 8,500 baht per ton

(around $253) due to lesser supplies from the main crop as well as potential impact of the El

Nino, Bloomberg quoted the Deputy Secretary General of the Office of Agricultural Economics

(OAE).The OAE is reportedly expecting the paddy output from the 2015 main crop (which

accounts for about 70% of the total output) may drop by 600,000 tons or about 2% to around

26.5 million tons, from around 27.1 million tons from last year. The government has been

instructing famers in 22 provinces of the Central region to delay planting until July for the main

rice crop due to lesser water levels in the reservoirs of the Cho Phraya river basin. It has decided

to cut water supplies to more than half of the rice land in the region.Of the 1.184 million hectares

of rice land in the region, about note that about 4 million rai (around 640,000 hectares) is

reportedly unaffected by the reduction in water supplies.

However, farmers in the affected regions are not happy with the government's instructions since

some of them had already invested in land preparation and other initial work. The Leader of the




Farmers Association noted that since agriculture is livelihood for many of the farmers. He

demanded a compensation of about 3,000 baht per rai (around $557 per hectare) for farmers in

the affected 22 provinces, as well as a three-year debt moratorium including interest as farmers

will not be able to earn sufficiently if they are not allowed to grow crops.Some farmers are also

planning to go ahead with their plans and take a risk.USDA estimates Thailand to produce 28.4

million tons of paddy rice (around 18.75 million tons, milled basis) and export around 11 million

tons of rice in MY 2014-15 (January - December 2015).

Myanmar Confirms Adequate Domestic Rice

Stocks Amid Rising Prices

Jun 19, 2015




The Myanmar Rice Federation (MRF) has confirmed today that the country has sufficient rice

stocks to meet the local demand and the rising rice prices are not because of shortage of stocks,

Xinhua News Agency quoted a semi-official media report.The MRF stated that the recent

increase in local rice prices is due to increased exports and appreciation of the U.S. dollar against

the kyat. It also ruled out market reports that rice prices would continue to increase till the

monsoon paddy harvest. It noted that domestic prices have peaked and are likely to reverse

shortly.

Despite increasing exports, about half of the rice produced last year is still in stocks as part of

strategic reserve to meet domestic consumption, the Federation quoted a regional farmers'

association as saying.Myanmar exported around 1.8 million tons of rice in MY 2014-15. Last

month, the Federation expressed confidence that the country would export about 2 million tons

of rice in the fiscal year 2015-16 (April - March) due to increasing demand from China, Africa

and Europe.

It noted that especially cross border rice exports to China, which slowed down between August

2014 to February 2015 due to lack of a proper trade agreement between the two countries have

reportedly resumed again following the signing of a Memorandum of Understanding (MOU)

between the MRF and China's COFCO to export 100,000 tons this year. Around 4,000 tons of

rice is reportedly being exported to China currently through borders every day.According to the

UN's Food and Agriculture Organization (FAO), the domestic prices of most commonly used

Emata rice have increased about 33% since November 2014. In June 2015, they are recorded at

around 446,010 kyat (around $400) per ton, up about 17% from their year ago levels.USDA

estimates Myanmar to export around 1.85 million tons of rice in 2015. Export prices of Myanmar

5% rice currently stand at around $420 per ton.

Oryza Weekly: Increased Demand from

Philippines, On El Niño Concerns, May Push

Up Global Rice Prices

Jun 19, 2015




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

ended the week at about $398 per ton, down about $5 per ton from a week ago, down about $8

per ton from a month ago and down about $62 per ton from a year ago.




The USDA forecasts 2015-16 global milled rice production to reach a record high of 481.7

million tons due to higher acreage (a record 161.8 million hectares). The USDA forecasts global

rice trade to decline in 2016 to about 42.4 million tons, down about 2% from 2015.

The National Food Authority Council of the Philippines has decided to import 100,000 tons of

25% long-grain white rice from Vietnam at a higher price than its reference prices of $408.14

after receiving higher bids twice in the June 16 G2G tender. The tender was originally planned

for 250,000 tons and the NFA imported 150,000 tons of rice from Vietnam under government-to-

government (G2G) tender.

The NFA has approved private traders to import up to 805,200 tons of 25% well-milled rice

under the WTO minimum access volume to maintain buffer stocks and avoid potential price

spikes amid fears of an impending El Nino weather pattern.

The agency is authorized to import another 250,000 tons if the El Nino weather pattern

intensifies.

A high demand from the Philippines is expected to push up the global rice prices, which have

been subdued since the beginning of this year due to increased supplies and lower demand.

Thailand

Thailand 5% broken rice is today shown at about $365 per ton, up about $5 per ton from a week

ago, down about $10 per ton from a month ago and down about $20 per ton from a year ago.

Thailand’s Public Warehouse Organization (PWO) has declared about 650,000 tons of rice as

rotten, which is not fit for human and animal consumption or for ethanol production. The rice

can, however, be used as fuel in electricity generation.

Domestic paddy prices are expected to increase by about 10% to 8,500 baht per ton (around

$253) due to reduced supplies from the main crop as well as potential impact of the El Nino,

Bloomberg quoted the Deputy Secretary General of the Office of Agricultural Economics (OAE)

as saying. The OAE is reportedly expecting the paddy output from the 2015 main crop (which

accounts for about 70% of the total output) to drop by 600,000 tons or about 2% to around 26.5

million tons, from around 27.1 million tons from last year. The government has been instructing

famers in 22 provinces of the Central region to delay planting until July for the main rice crop




due to lesser water levels in the reservoirs of the Cho Phraya river basin. It has decided to cut

water supplies to more than half of the rice land in the region.

Thailand’s third auction for about 1.06 million tons of rice this year has attracted less interest

than the first two auctions.

India

India 5% broken rice is today shown at about $370 per ton, down about $10 per ton from a week

ago, down about $5 per ton from month ago, and down about $70 per ton from a year ago.

Planting for India 2015-16 Kharif (main) rice crop (June - December) which began on May 8,

2015 is picking up fast and stands at around 833,000 hectares as of June 19, 2015; up about 1.6%

from around 820,000 hectares planted during the same period last year, and up about 77% from

last week’s 471,000 hectares, according to preliminary data released by the Indian Agriculture

Ministry.

According to Bloomberg, India received 11% above normal rainfall as on June 17, providing

required support to the kharif rice and other crop plantings.

The government of India approved a proposal to raise the minimum support price of paddy for

the 2015-16 kharif marketing season. The new price is about 3.6% higher, bringing it to about

$220 per ton.

Vietnam

Vietnam 5% broken rice is today shown at about $350 per ton, down about $5 per ton from a

week and a month ago and down about $50 per ton from a year ago.

In the period January 1-June 11, Vietnam exported about 2.123 million tons of rice, down about

29.6% from the first half of 2014. Average rice export price so far this year stands at around

$421 per ton (FOB), down about 2.3% per ton from the same time last year.

Pakistan

Pakistan 5% broken rice is today shown at about $380 per ton, down about $5 per ton from a

week ago, down about $20 per ton from a month ago and down about $65 per ton from a year

ago.





around 3.25 million tons of non-basmati) in the first eleven months of FY 2014-15 (July 2014 -

June 2015), up about 6% from around 3.49 million tons (around 613,655 tons of basmati and

around 2.88 million tons of non-basmati) exported during the same period in FY 2013-14.

The Rice Dealers Association in Pakistan is urging the government to revive the Rice Board in

order to address various problems faced by the country’s rice sector. The Federation of Pakistan

Chambers of Commerce and Industry (FPCCI) has also urged the government to set up a rice

development board, which can address all the issues related to the rice sector

The government of Pakistan is planning to enact a Geographical Indication Law (GI Law) to

bring international distinction to indigenous Pakistan products, including basmati rice.

Central & South America

Brazil 5% broken rice is today shown at about $550 per ton, unchanged from a week and a

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

Brazil’s Conab has forecasted the country’s 2014-15 paddy rice production at around 12.544

million tons, up about 3.5% from 2013-14.

The Brazilian paddy rice index maintained by CEPEA reached around 33.71 real per 50

kilograms as of June 15, 2015, up about 1.6% from around 33.18 real per 50 kilograms recorded

on June 8, 2015.

In terms of USD per ton, the index reached around $217 per ton on June 15, 2015, up about 2%

from around $213 per ton recorded on June 8, 2015.

The government of Guyana is preparing for bilateral talks with the government of Venezuela to

extend the oil-for-rice PetroCaribe deal, which will expire this year. Under this deal, Venezuela

buys rice from Guyana and sells oil to Guyana.

Five percent broken rice from Uruguay and Argentina is today shown at about $565 per ton,

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

U.S.




U.S. 4% broken rice is today shown at about $455 per ton, down about $15 per ton from a week

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

Other Markets

The European Union is considering importing aromatic rice from Myanmar as the demand for

aromatic rice in the region is increasing.

The European Farmers’ Union COPA is opposing a mid-term review of the current EU Common

Agricultural Policy, which was approved in 2014 and is valid until 2020.

The Myanmar Rice Federation (MRF) has confirmed that the country has sufficient rice stocks

to meet the local demand and the rising rice prices are not because of shortage of stocks. The

recent increase in local rice prices is attributed to increased exports and appreciation of the U.S.

dollar against the kyat.

Iraq has invited international tenders to purchase about 30,000 tons of rice from the U.S.,

Uruguay, Argentina, Brazil, and India, with bids due June 28.

The government of Indonesia aims to procure 2 million tons of rice from local farmers during

the dry season (June-mid-December). It has issued a new regulation on basic commodities

prices, which allows the government to anticipate price hikes of certain commodities such as

rice, whose prices peak during the festive seasons

The government of China is taking steps to enhance its grain storage capacity to about 95% of

the total grain output by 2020 in order to ensure grain supply and safety.

North Korea is experiencing its worst drought conditions in a century and about 30% of its

paddy rice acreage has dried up as a result. Representatives from the UN's Food and Agricultural

Organization (FAO) who visited North Korea to assess the impact of a reported drought on the

country's crop production estimated the country's 2015 paddy production to decline about 12% to

around 2.3 million tons from around 2.6 million tons in 2014.

The boro paddy and rice (January-May) procurement drive in Bangladesh has not provided the

expected respite to farmers in terms of prices. The government is reportedly procuring milled

rice from millers rather than paddy from farmers. It has already procured around 313,000 tons of

milled rice from the millers. Due to this stance by the government, farmers are at a loss as they

are not receiving the government set price of $283 per ton, and are forced to sell to millers and




traders at much lower prices. Traders and miller s on the other hand are not offering decent

prices to farmers as the market is flooded with low quality rice imports from India.

The government of Nepal has planned to launch the first paddy mission from the fiscal year

2015-16 (August 2015 – July 2016) to boost output and help the country become self-sufficient

in rice production and cut down imports.

The UN’s FAO estimates Madagascar’s 2015 paddy rice production will be below-average due

to erratic rainfall and dry conditions.

The UN’s FAO has agreed to support the rice sector in Zambia under its technical cooperation

program.

Government of Pakistan Urged to Set Up

Rice Development Board; May Enact GI Law

Soon

Jun 19, 2015




The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the

government to set up a rice development board, which can address all the issues related to the

rice sector, according to local sources.In a letter to the Commerce Minister and the Food Security

and Research Minister, the FPCCI Senior Vice President noted that setting up a rice development

board would help promote different rice varieties as well as focus on increasing rice exports,

which have in the recent years stagnates due to lack of research and development. He

emphasized on the need for developing new rice varieties that provide higher yield at low costs

and are more acceptable in the global market. "Competitors had come up with such products due

to market-oriented and demand-driven research in consultation with all stakeholders," he

reportedly added.


around 3.02 million tons of non-basmati) in the first ten months of FY 2014-15 (July 2014 - June

2015), up about 6% from around 3.25 million tons (around 601,273 tons of basmati and around

2.71 million tons of non-basmati) exported during the same period in FY 2013-14.Separately, the

Commerce Minister told local sources that the government is planning to enact a Geographical

Indication Law (GI Law) to bring international distinction to indigenous Pakistan products,

including basmati rice.

He noted that the Ministry of Commerce has been instructed to coordinate with the concerned

stakeholders of the intellectual property organisation Pakistan, ministry of national food security

and research, concerned provincial departments and private sector.The Minister added that the

government has been under pressure from the basmati growers and exporters to enact GI law as

it would help get a premium to Pakistan basmati rice. A GI law would also help Pakistan file

such applications in other countries to protects its products in those countries.Geographical

Indications associate certain product to a specific location, thus identifying its originality and

uniqueness. Such an indication to any product distinguishes it from the rest of same kind thus

bringing premium to its price.

Monsoon Rains Boost India 2015-16 Main

Paddy Rice Sowing

Jun 19, 2015




Planting for India 2015-16 Kharif (main) rice crop (June - December) which began on May 8,

2015 is picking up fast and stands at around 833,000 hectares as of June 19, 2015; up about 1.6%

from around 820,000 hectares planted during the same period last year, and up about 77% from

last week’s 471,000 hectares, according to preliminary data released by the Indian Agriculture

Ministry.According to Bloomberg, India received 11% above normal rainfall as on June 17,

providing required support to the kharif rice and other crop plantings.

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

In its second forecast for 2015, the India Meteorological Department (IMD) has lowered its

estimate for this year's monsoon rains to 88% of normal, from a previous estimate of 93% due to

reports of a strengthening El Nino. It is expecting rainfall to be 85% of the normal in the states of

Haryana, Punjab, Rajasthan and Uttar Pradesh. The IMD expects the El Nino pattern to reach to

moderate to a strong one during the monsoon season (June – September).The government of

India, in its third advance estimates for major crops, has estimated India's rice production for

2014-15 marketing year (October 2014 - September 2015) at around 102.54 million tons, down




about 4% from an estimated 106.65 million tons in 2013-14, according to a statement from the

agriculture Ministry.The total Kharif crop sown area stands at 9.16 million hectares as on June

19, 2015, down about 7% from around 9.89 million hectares during the same period last year,

according to the Agriculture Ministry.

Philippines Decides to Import 100,000 Tons

of Rice from Vietnam

Jun 18, 2015




The National Food Authority (NFA) Council has decided to import 100,000 tons of 25% long-

grain white rice, part of June 5 tender to import 250,000 tons, from Vietnam at its revised offer

of $416.85 per ton, local sources quoted the Philippine News Agency.The NFA initially sought

to import 250,000 tons of rice in a government-to-government (G2G) tender on June 5 to

maintain adequate stocks during the lean season (July - September). It invited Thailand, Vietnam

and Cambodia with which it has import agreements. However, it imported only 150,000 tons

from Vietnam at $410 per ton from Vietnam.

It re-invited bids from the three governments for the remaining 100,000 tons on June 16. But all

the three bids were much higher than its reference price of $408.14 per ton. Therefore, they were

asked to revise the bids. While Thailand backed out, Vietnam's bid at $416 per ton and

Cambodia's bid at $455 were again higher than the reference price.The NFA referred the matter

to the NFA Council to decide whether it can import rice at the lowest bid, which is from

Vietnam.Now, the NFA imported all the 250,000 tons from Vietnam at an average price of

$412.81. The NFA Administrator noted that they want the rice to be delivered by July 1, that is

before the beginning of lean months.

The NFA is in a hurry to complete import arrangements as it is mandated to maintain a 30-day

buffer stock during the lean season. The NFA currently holds a buffer stock of 750,000 tons of

rice, which is expected to last only for 24 days.The Philippines imported 750,000 tons of rice

(550,000 tons from Vietnam and 200,000 tons from Thailand) so far this year. Earlier this week,

the NFA invited private traders to import up to 805,200 tons of rice under the WTO's minimum

access volume (MAV) quota at 35% tariff. It is also authorized to import another 250,000 tons if

the El Nino weather pattern intensifies. The decision on this additional volume will be decided

next month after assessing the impact of El Nino on the paddy production, according to the NFA

Deputy Administrator.Both FAO and USDA are estimating the Philippines to import 1.7 million

tons of rice in 2015.

'Star Wars' Stormtroopers Help Kids Plant

Rice

Jun 19, 2015




Young school children in Japan witnessed a special treat when they recently began planting rice

for their rice paddy art projects: Imperial Stormtroopers from Star Wars were in attendance to

make sure everything went smoothly. Who knew Stormtroopers could be so helpful in the paddy

fields?

The event was a promotion for the new movie in the franchise, Star Wars: Episode VII The

Force Awakens, due out later this year.

Image source: Cinema Today

Thailand, Pakistan Rice Sellers Increase

Some of Their Quotes; Other Asia rice

Quotes Unchanged Today

Jun 19, 2015




Thailand rice sellers increased their quotes for 100% broken variety by about $5 per ton to

around $370-$380 per ton today. Pakistan rice sellers increased their quotes for 25% broken rice

and 100% broken rice by about $10 per ton and $5 per ton to around $345-$355 per ton and

$300-$310 per ton, respectively. Other Asia rice sellers kept their quotes mostly unchanged

today.

5% Broken Rice

Thailand 5% rice is indicated at around $350 - $360 per ton, about a $5 per ton premium on

Vietnam 5% rice shown at around $345 - $355 per ton. India 5% rice is indicated at around $365

- $375 per ton, about $15 per ton discount to Pakistan 5% rice shown at around $380 - $390 per

ton.

25% Broken Rice

Thailand 25% rice is shown at around $340 - $350 per ton, about a $15 per ton premium on

Vietnam 25% rice shown at around $325- $335 per ton. India 25% rice is indicated at around

$350 - $360, about $5 per ton premium on Pakistan 25% rice shown at around $345 - $355per

ton, up about a $10 per ton from yesterday.

Parboiled Rice

Thailand parboiled rice is indicated at around $360 - $370 per ton. India parboiled rice is

indicated at around $360 - $370 per ton, about a $40 per ton discount to Pakistan parboiled rice

shown at around $400 - $410 per ton.

100% Broken Rice

Thailand broken rice, A1 Super, is indicated at around $315 - $325 per ton, about $5 per ton

premium on Vietnam 100% broken rice shown at around $310 - $320 per ton. India's 100%

broken rice is shown at around $280 - $290 per ton, about a $20 per ton discount to Pakistan

broken sortexed rice shown at around $300 - $310 per ton, up about a $5 per ton from yesterday.

19th june (friday),2015 daily exclusive oryza rice e newsletter by riceplus magazine

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