2nd December,2015 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

8/20/2019 2nd December,2015 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

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Daily Exclusive ORYZA Rice E-Newsletter

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www.ricepluss.com www.riceplusmagazine.blogspot.com

December 02 ,2015

Vol 5,Issue


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Italy Approves New Law on Agricultural

Biodiversity; More Rice Varieties to Get

PDO, PGI DenominationsDec 01, 2015

The Italian Parliament has approved the institution of a 'National System of AgriculturalBiodiversity and Food' on November 30, 2015, according to local sources. It has also approvedfor the institution of a Protection Fund to support the actions of farmers.

According to the law, the Council for Agricultural Research and analysis of the agrarianeconomy (CREA) will intervene in the research activities related to agricultural biodiversity andfood over the next three years to protect and develop the agricultural sector.

Farmers unions have welcomed the decision. "The recognition of our typical and traditional products related to agriculture Italian territory becomes a real investment in competitiveness,"said the Italian Farmers Union Coldiretti.

The decision is expected to protect the locally developed rice varieties. Italy currently has 4,886traditional foods developed in local regions, including 272 food varieties are ProtectedDesignation of Origin (PDO) and Protected Geographical Indications (PGI) specialties. Of these,Riso di Baraggia biellese e vercellese PDO, Vialone Nano PGI, Riso delta del Po PGI are famousrice varieties. The PDO and GPI denominations allow to certify high quality standard in ricefarming and milling, thus permitting to get a higher final price.

The new law allows rice produced in many other regions also get PDO and PGI denominations.

Italy Approves New Law on Agricultural

Biodiversity; More Rice Varieties to Get

PDO, PGI Denominations

Dec 01, 2015

The Italian Parliament has approved the institution of a 'National System of AgriculturalBiodiversity and Food' on November 30, 2015, according to local sources. It has also approvedfor the institution of a Protection Fund to support the actions of farmers.


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According to the law, the Council for Agricultural Research and analysis of the agrarianeconomy (CREA) will intervene in the research activities related to agricultural biodiversity andfood over the next three years to protect and develop the agricultural sector.

Farmers unions have welcomed the decision. "The recognition of our typical and traditional

products related to agriculture Italian territory becomes a real investment in competitiveness,"said the Italian Farmers Union Coldiretti.

The decision is expected to protect the locally developed rice varieties. Italy currently has 4,886traditional foods developed in local regions, including 272 food varieties are ProtectedDesignation of Origin (PDO) and Protected Geographical Indications (PGI) specialties. Of these,Riso di Baraggia biellese e vercellese PDO, Vialone Nano PGI, Riso delta del Po PGI are famousrice varieties. The PDO and GPI denominations allow to certify high quality standard in ricefarming and milling, thus permitting to get a higher final price.

The new law allows rice produced in many other regions also get PDO and PGI denominations.

Japan Lowers 2016 Rice Production Target

by 1% to 7.43 Million Tons

Dec 01, 2015

Japan's Agriculture Ministry has lowered the country's rice production target in 2016 to around7.43 million tons from last year's 7.51 million tons in line with the falling consumption demand,according to local sources.

The Ministry has accordingly, reduced individual targets for the country's 47 prefectures, someofficials were quoted as saying.

The government has been lowering the rice production target every year since 2010. Currently,the government is encouraging farmers to lower production for human consumption and increasethat for feed. Rice production for human consumption fell below the target in 2015, but domesticrice consumption also declined significantly during the year, according to Ministry sources.

Rice utilization for feed in the first eleven months of MY 2014-15 (October - September)reached around 1.068 million tons from around 732,893 tons in MY 2013-14, USDA Post

reported in a recent report.

Oryza CBOT Rough Rice Futures Recap -

Chicago Rough Rice Futures Remain Under

Pressure as Demand Remains Weak


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Dec 02, 2015

Chicago rough rice futures for Jan delivery settled 19 cents per cwt (about $4 per ton) lower at$11.715 per cwt (about $258 per ton). The other grains finished the day mostly higher; Soybeansclosed about 0.9% higher at $8.8925 per bushel; wheat finished about 0.8% lower at $4.7150 per bushel, and corn finished the day about 0.4% higher at $3.7375 per bushel.

U.S. stocks held higher on Tuesday, the first day of trade for December, as investors eyed dataahead of major central bank news expected later in the week. Stocks came off session highs afterthe ISM U.S. November Manufacturing PMI came in at 48.6, in contraction territory and belowthe expected 50.5 read. The print was the worst since June 2009 and the first time the index fell below 50 in three years. Investors also eyed late-morning news that five people were injuredwhen a bomb exploded near an Istanbul metro station Tuesday, according to the district mayor.In other economic news, construction spending rose 1.0% for October, topping estimates of0.6%. The U.S. Markit PMI for November was 52.8, above the flash read of 52.6 but below the

final October print of 54.1.

European stocks came off session highs to close mostly lower, while major Asian indexes closedhigher. Japan's Nikkei topped the psychologically key 20,000 level for the first time in threemonths. China's official manufacturing purchasing managers index showed a slight decline in November to 49.6, while the private Caixin/Markit China manufacturing PMI contracted for theninth straight month in November at 48.6 but more slowly than in October. In early afternoontrade, the Dow Jones industrial average rose 106 points, or 0.60%, at 17,827. The S&P 500gained 12 points, or 0.6%, to 2,093, with health care leading all 10 sectors higher. The Nasdaqrose 27 points, or 0.5%, to 5,136. Gold is seen trading about 0.1% higher, crude oil is seentrading nearly about 0.1% higher, and the U.S. dollar is seen trading about 0.4% lower at

about 1:00pm Chicago time.Monday, there were 2,450 contracts traded, up from 729 contractstraded on Friday. Open interest – the number of contracts outstanding – on Monday increased by125 contracts to 12,669.

Thai Government Conducts First Rotten

Rice Auction; Two Local Firms Win Bid to

Buy 37,413 Tons

Dec 01, 2015

Two private Thai firms won the bid to buy around 37,413 tons of stockpiled rotten rice worth198 million baht (around $5.53 million) in the first auction conducted by the government ofThailand today, according to local sources.


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The Commerce Ministry did not specify when the sale would be approved. "We'll have to seehow smoothly this auction goes and then we will see whether we will hold the next one andwhen," said the Commerce Permanent Secretary.

The government earlier told that it would sell about 2 million tons of rotten rice from stockpiles,

for industrial use, in quantities between 1,000 and 6,000 tons.

Thailand holds about 13 million tons of rice stocks accumulated from the previous government'srice pledging scheme, of which about 6 million tons are "below-standard or rotten" and are judged unfit for human consumption, according to a Commerce Ministry statement.

The government of Thailand sold around 4.6 million tons of stockpiled rice raising around 49 billion baht (around $1.4 billion) in the ten auctions conducted since it took over in May 2014.

Vietnam, Pakistan Rice Sellers Alter Some of

Their Quotes Today; Other Asian RiceQuotes Remain Unchanged

Dec 01, 2015

Vietnam rice sellers lowered their quotes for jasmine rice by about $10 per ton to around $435 -$445 per ton today. Pakistan rice sellers increased their quotes for 5% and 25% broken ricevarieties by about $5 per ton to around $320 - $330 per ton and $295 - $305 per ton respectively.

Other Asian rice sellers kept their quotes unchanged from yesterday.

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 $350- $360 per ton, about $30 per ton premium on Pakistan 5% rice shown at around $320 - $330 perton.

25% Broken Rice

Thailand 25% rice is indicated at around $335 - $345 per ton, about $20 per ton discount onVietnam 25% rice shown at around $355- $365 per ton. India 25% rice is indicated at around$320 - $330 per ton, about $25 per ton premium on Pakistan 25% rice shown at around $295 -$305 per ton.

Parboiled Rice


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Thailand parboiled rice is indicated at around $345 - $350 per ton. India parboiled rice isindicated at around $340 - $350 per ton, about $65 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 $280 - $290 per ton, on par with Pakistan broken sortexed riceshown at around $280 - $290 per ton.

India Average Wholesale Rice Prices Increase

in November 2015 on Concerns of Low

ProductionDec 01, 2015

India average wholesale rice prices which declined in October 2015 with the beginning of thekharif (June - December) rice harvest, have increased in November on concerns of lower outputdue to El Nino-induced below-average monsoon rains in many rice growing areas.


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Brazil parboiled 5% broken 545-555 ↔Uruguay parboiled 5% broken NQ ↔

Long grain fragrant rice

Thailand Hommali 92% 700-710 ↔

Vietnam Jasmine 435-445 ↔India basmati 2% broken NQ ↔Pakistan basmati 2% broken NQ ↔Cambodia Phka Mails 830-840 ↔

Brokens

Thailand A1 Super 325-335 ↔Vietnam 100% broken 330-340 ↔Pakistan 100% broken stxd 280-290 ↔Cambodia A1 Super 355-365 ↔

India 100% broken stxd 280-290 ↔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 Dip

Amid Weak Demand

Dec 02, 2015

The U.S. cash market was weaker today falling in sympathy with the futures market howevermost farmers remain unfazed by lower prices, continuing to hold out until they are forced to sell by their banks or to make room for new crop.

Analysts note that there is not much news on the demand front other than the fact the U.S. willneed more for prices to improve. Many in the industry are now hopeful that demand from eitherVenezuela, Colombia, Iran, and Iraq show up after the first of the year when supplies are tighter

is South America.

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2nd December,2015 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

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