19tth November ,2015 Daily Exclusive ORYZA Rice E_Newsletter by Riceplus Magazine

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November 19

Vol 5,Iss

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Indonesia May Not Import Rice in 2016 if

Weather Improves, Says Vice-PresidentNov 18, 2015

Indonesia may not need to import rice if weather improves, Bloomberg quoted the IndonesianVice-President as saying.Addressing the Asia-Pacific Economic Cooperation (APEC) forum inManila, the Vice-President noted that Indonesia had to import 1.5 million tons of rice, including1 million tons from Vietnam and 500,000 tons from Thailand, this year due to El Nino-induceddrought conditions in the country.Rice imports this year have become a contentious issue as theIndonesian President has aimed at achieving self-sufficiency in rice production and avoidingimports. However, the country's rice production has been severely impacted due to prolonged

drought conditions leading to depletion of stocks and an increase in prices.

He told the forum that the imports would act as a buffer and protect prices fromincreasing.However, weather bureaus have been warning that the El Nino weather phenomenonmay last till March 2016.

Oryza CBOT Rough Rice Futures Recap -

Chicago Rough Rice Futures Erase PreviousDay's Gains as Market Continues Back -and-

Forth Action

Nov 19, 2015

Chicago rough rice futures for Jan delivery settled 22.5 cents per cwt (about $5 per ton) lower at$11.840 per cwt (about $261 per ton). The other grains finished the day mostly lower; Soybeansclosed about 0.7% lower at $8.5775 per bushel; wheat finished about 0.4% lower at $4.8500 per

bushel, and corn finished the day about 0.1% higher at $3.6825 per bushel.

U.S. stocks traded higher on Wednesday as investors digested the release of the FederalReserve's October meeting minutes. The minutes showed that the central bank's most importantmembers believe a rates hike next month would be appropriate. On the data front, U.S. housingstarts for October fell 11%, while building permits rose 4.1%. Single-family building permitsrose 2.4% to their highest level since December 2007. European and Asian equities closed mixedamid security concerns. The Dow Jones industrial average traded 172 points higher, or 0.98%, at




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17,661. The S&P 500 traded 21 points higher, or 1.11%, at 2,073, with health care leading allsectors higher. The Nasdaq rose 64 points, or 1.3%, to 5,051. Gold is seen trading about 0.2%higher, crude oil is seen trading about 0.3% higher, and the U.S. dollar is seen trading marginallyhigher about 1:00pm Chicago time.

Tuesday, there were 829 contracts traded, up from 681 contracts traded on Monday. Openinterest – the number of contracts outstanding – on Tuesday decreased by 66 contracts to 12,435.

Thai Government Decision to Use Liability

Law in Rice Pledging Case is "Fair," Says

Deputy PM

Nov 18, 2015

The Deputy Prime Minister of Thailand has defended the government stance to employ theliability law/administrative order to seek financial compensation from the accused in the rice pledging case, including the former Prime Minister, as "fair" and straightforward, according tolocal sources.

The Dy.PM was responding to calls by the former Prime Minister and other critics for thegovernment to opt to file a civil suit against the accused. He noted that the liability law, whichholds state officials to account for their decisions in office, has been around for the past 19 yearsand has been used in a number of cases. "It is not a new legal mechanism created to treat any particular party in an unfair manner," he said.

Explaining why the government chose the liability law option, he noted that taking action underadministrative law, and filing a civil suit have their own advantages and disadvantages. "Thecommittee pursuing liabilities against wrongdoers in the state sector is more familiar with theliability law, having processed more than 5,000 such cases in the past years, so it went for thisoption," he said.

He also noted that those affected by the government's decision to take action under the liabilitylaw feel they are being treated unfairly, they can appeal in the Administrative Court. They canalso appeal to the Supreme Administrative Court, if they lose their fight in a lowerAdministrative Court, he said.

He noted that "if the government doesn't address the losses incurred by the rice-pledging scandal,it will be ultimately held responsible for the losses."

Meanwhile, responding to an open letter by the former PM on her Facebook saying "judicial power" is being prioritised over the courts, earlier this week, the Thai Premier also noted that theaccused can appeal to the Administrative Court if they have enough evidence to prove thegovernment's decision is unfair.




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Thai Police Detain Convicted Rice Trader

Trying to Flee Country

Nov 18, 2015

The Thai police have detained a convicted rice trader, Wittayakorn Thongsean, at theSuvarnabhoomi airport after getting information that he was fleeing to Laos, Reuters quotedBangkok Post.

In 2006, Wittayakorn, along with some associates, was found guilty of violating the RiceTrading Act and deceiving farmers in Roi Et province into selling their rice to them. All the threewere sentenced to five years imprisonment. But were granted bail later.

The Police noted that the trio owned a rice export business, Wittaya Group International, and

they negotiated with farmers of an agricultural cooperative to buy 236 tons of rice for 4.3 million baht (around $118,195). However, they paid about 970,000 baht (around $26,926) less than theagreed price. Therefore, he

He reportedly missed a recent court appearance and the Roi Et Provincial Court issued an arrestwarrant on May 25.

Wittayakorn, however, denied of fleeing the country. He reportedly told police that he was going abroad

on a personal work.

Global Rice Quotes November 19th, 2015

Long grain white rice - high quality

Thailand 100% B grade 360-370 ↔

Vietnam 5% broken 370-380 ↔India 5% broken 345-355 ↔

Pakistan 5% broken 315-325 ↔

Myanmar 5% broken 405-415 ↔

Cambodia 5% broken 415-425 ↔

U.S. 4% broken 490-510 ↔Uruguay 5% broken 535-545 ↔

Argentina 5% broken 530-540 ↔

Long grain white rice - low quality

Thailand 25% broken 345-355 ↔Vietnam 25% broken 355-365 ↔

Pakistan 25% broken 290-300 ↔




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Cambodia 25% broken 400-410 ↔

India 25% broken 325-335 ↔U.S. 15% broken 500-510 ↔

Long grain parboiled rice

Thailand parboiled 100% stxd 350-360 ↔Pakistan parboiled 5% broken stxd 405-415 ↔

India parboiled 5% broken stxd 340-350 ↑

U.S. parboiled 4% broken 590-610 ↔Brazil parboiled 5% broken 545-555 ↔

Uruguay parboiled 5% broken NQ ↔

Long grain fragrant riceThailand Hommali 92% 725-735 ↔

Vietnam Jasmine 450-460 ↔

India basmati 2% broken NQ ↔

Pakistan basmati 2% broken NQ ↔Cambodia Phka Mails 830-840 ↔

BrokensThailand A1 Super 325-335 ↔

Vietnam 100% broken 330-340 ↔

Pakistan 100% broken stxd 280-290 ↔Cambodia A1 Super 355-365 ↔

India 100% broken stxd 285-295 ↔

Egypt medium grain brokens NQ ↔U.S. pet food 330-340 ↔

Brazil half grain NQ ↔All prices USD per ton, FOB vessel, oryza.com

Oryza U.S. Rough Rice Recap - Prices

Weaken ahead Of Iraqi Grain Board Tender

Announcement

Nov 19, 2015

The U.S. cash market was weaker today ahead of the Iraqi Grain Board’s tender award

announcement expected sometime tomorrow.Most analysts are skeptical that the U.S. will beawarded given that there were 350,000 MT of long grain milled rice offered out of SouthAmerica at cheaper levels compared to the best offer from the U.S.However, others note thatwith logistics sometimes being problematic in South America, the IGB may prefer to buy one orsome cargos from the U.S. despite the higher cost.




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Vietnam Rice Sellers Lower Some of Their

Quotes Today; Other Asian Quotes Remain

UnchangedNov 18, 2015

Vietnam rice sellers lowered their quotes for glutinous rice by about $5 per ton to around $455 -$465 per ton today. Other rice quotes remain unchanged today.

5% Broken Rice Thailand 5% rice is indicated at around $350 - $360 per ton about $20 per ton discount onVietnam 5% rice shown at around $370 - $380 per ton. India 5% rice is indicated at around $345- $355 per ton, about $30 per ton premium on Pakistan 5% rice shown at around $315 - $325 perton.

25% Broken Rice Thailand 25% rice is indicated at around $345 - $355 per ton, about $10 per ton discount onVietnam 25% rice shown at around $355- $365 per ton. India 25% rice is indicated at around$325 - $335 per ton, about $40 per ton premium on Pakistan 25% rice shown at around $285 -$295 per ton.

Parboiled Rice

Thailand parboiled rice is indicated at around $350 - $360 per ton. India parboiled rice isindicated at around $335 - $345 per ton, about $70 per ton discount to Pakistan parboiled ricelast shown at around $405 - $415 per ton.

100% Broken Rice Thailand broken rice, A1 Super is indicated at around $325 - $335 per ton, about $5 per tondiscount to Vietnam 100% broken rice shown at around $330 - $340 per ton. India's 100% broken rice is shown at around $285 - $295 per ton, about $5 per ton premium on Pakistan broken sortexed rice shown at around $280 - $290 per ton.

19tth November ,2015 Daily Exclusive ORYZA Rice E_Newsletter by Riceplus Magazine

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