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1 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine | www.ricepluss.com & www.riceplus.blogspot.com For Blog & daily Newsletter advertisement contact: mujahid.riceplus@gmail.com July 2 ,2015
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2nd july (thursday),2015 daily exclusive oryza e rice newsletter by riceplus magazine

Jul 22, 2016

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Riceplus Magazine shares daily International RICE News for global Rice Community. We publish daily two newsletters namely Global Rice News & ORYZA EXCLUSIVE News for readers .You can share any development news for readers. Share your rice and agriculture related research write up with Riceplus Magazine contact riceplus@irp.edu.pk , mujahid.riceplus@gmail.com For Advertisement & Specs mujahid.riceplus@gmail.com

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    July 2 ,2015

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    FAO Estimates Iran to Import 1.6 Million Tons of Rice in 2015-16

    Jul 01, 2015

    The UN's Food and Agriculture Organization (FAO) estimates Iran to import around 1.6 million

    tons of rice in 2015-16 (April - March).The Middle East nation has imposed a temporary ban on

    rice imports in November 2014 citing excess stocks and has so far not announced removal of the

    ban. Iran mostly imports basmati rice from India. According to data from the Agricultural and

    Processed Food Products Export Development Authority (APEDA) in India, Iran imported

    around 935,568 tons of basmati rice in 2014-15 (April - March), down about 35% from around

    1.44 million tons last year.However, the FAO estimates the country's total cereal imports to

    decline about 8% y/y to around 14.9 million tons.The FAO estimates Iran's 2015 paddy

    production to increase about 2% to around 2.65 million tons from around 2.6 million tons last

    year.

    Thailand Rice Sellers Increase Some of Their Quotes Today; India Rice Quotes Mixed

    Jul 01, 2015

    Thailand rice sellers increased their quotes for parboiled rice and Hommali rice by about $5 per

    ton each to around $375-$385 per ton and $830-$840 per ton respectively. India rice sellers

    lowered their quotes for 5% broken rice and 100% broken rice by about $5 per ton each to

    around $380-$390 per ton and $275-$285 per ton respectively and increased their quotes for

    parboiled rice by about $5 per ton to around $365-$375 per ton. Other Asia rice sellers kept their

    quotes mostly unchanged today.

    5% Broken Rice

    Thailand 5% rice is indicated at around $365 - $375 per ton, about a $15 per ton premium on

    Vietnam 5% rice shown at around $350 - $360 per ton. India 5% rice is indicated at around $380

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    - $390 per ton, down about a $5 per ton from yesterday and about a $5 per ton premium on

    Pakistan 5% rice shown at around $375 - $385 per ton.

    25% Broken Rice

    Thailand 25% rice is shown at around $345 - $3505 per ton, about a $20 per ton premium on

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

    $350 - $360, about $15 per ton premium on Pakistan 25% rice shown at around $335 - $345 per

    ton.

    Parboiled Rice

    Thailand parboiled rice is indicated at around $375 - $385 per ton, up about a $5 per ton from

    yesterday. India parboiled rice is indicated at around $365- $375per ton, up about a $5 per ton

    from yesterday and about a $30 per ton discount to Pakistan parboiled rice last shown at around

    $395 - $405 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 $275 - $285 per ton, down about a $5 per ton from yesterday and

    about a $15 per ton discount to Pakistan broken sortexed rice shown at around $290 - $300 per

    ton.

    Indonesia May Register Biggest Annual Paddy Rice Output in Last Ten Years, Says BPS

    Jul 01, 2015

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    Indonesia's Central Statistics Agency (BPS) has estimated that the country's 2015 paddy rice

    output would increase by about 6.64% to around 75.5 million tons (around 49.83 million tons,

    basis milled) from around 70.85 million tons (around 46.76 million tons, basis milled) last year,

    according to Jakarta Post.The agency noted that this would be the biggest annual increase in the

    last ten years. The significant increase in rice output this year could happen because of various

    initiatives undertaken by the government, notably in the distribution of pumps, tractors and

    fertilizers, the BPS Head was quoted as saying.

    According to the BPS, 2015 paddy rice acreage is estimated to increase about 512,060 hectares

    or 3.7% y/y to around 14.31 million hectares and average yield during the year is expected to

    increased about 0.145 tons per hectare or 2.85% y/y to around 5.28 tons per hectare.The

    government aimed to increase 2015 paddy rice production by about 4% to around 73.4 million

    tons (around 48.44 million tons, basis milled) in order to be self-sufficient in rice production and

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    avoid imports. Indonesia's new President who took over in October 2014 is keen on achieving

    self-sufficiency in basic food items such as rice, corn and sugar over the next four years.

    Indonesian government has so far not imported any rice in 2015. It imported 425,000 tons in

    2014 through the state logistics agency Bulog. But analysts say less stocks and lower production

    due to El Nino weather pattern could prompt the government to import rice in the second half of

    the year.USDA estimates Indonesia to produce around 36.3 million tons of rice, basis milled

    (around 57.17 million tons, basis paddy), and import around 1.25 million tons of rice in MY

    2014-15 (October - September).

    Global Rice Quotes

    July 1st, 2015

    Long grain white rice - high quality

    Thailand 100% B grade 375-385

    Vietnam 5% broken 350-360

    India 5% broken 380-390

    Pakistan 5% broken 375-385

    Myanmar 5% broken 415-425

    Cambodia 5% broken 425-435

    U.S. 4% broken 450-460

    Uruguay 5% broken 565-575

    Argentina 5% broken 555-565

    Long grain white rice - low quality

    Thailand 25% broken 345-355

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    Vietnam 25% broken 325-335

    Pakistan 25% broken 335-345

    Cambodia 25% broken 410-420

    India 25% broken 350-360

    U.S. 15% broken 440-450

    Long grain parboiled rice

    Thailand parboiled 100% stxd 375-385

    Pakistan parboiled 5% broken stxd NQ

    India parboiled 5% broken stxd 365-375

    U.S. parboiled 4% broken 555-565

    Brazil parboiled 5% broken 570-580

    Uruguay parboiled 5% broken NQ

    Long grain fragrant rice

    Thailand Hommali 92% 830-840

    Vietnam Jasmine 475-485

    India basmati 2% broken NQ

    Pakistan basmati 2% broken NQ

    Cambodia Phka Mails 835-845

    Brokens

    Thailand A1 Super 315-325

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    Vietnam 100% broken 310-320

    Pakistan 100% broken stxd 290-300

    Cambodia A1 Super 350-360

    India 100% broken stxd 275-285

    Egypt medium grain brokens NQ

    U.S. pet food 350-360

    Brazil half grain NQ

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

    Oryza Overnight Recap Chicago Rough Rice Futures Continue to Show Strength Despite Grains Showing Signs of Retracement Today

    Jul 01, 2015

    Chicago rough rice futures for Sep delivery are currently seen trading 4.5 cent per cwt (about $1

    per ton) higher at $10.500 per cwt (about $231 per ton) during early floor trading in

    Chicago. The other grains are seen trading mostly lower this morning; soybeans are currently

    seen trading about 0.5% lower, wheat is listed about 2.8% lower and corn is currently noted

    about 0.1% lower.U.S. stocks gained nearly 1% on Wednesday, as investors regained hope of a

    resolution between Greece and its creditors. The Dow Jones industrial average quickly gained

    more than 170 points in the open as the major indices extended gains. The Nasdaq Composite

    also briefly jumped 1 percent as biotechs advanced.

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    The Dow futures leaped more than 160 points on morning news that Greece Prime Minister

    Alexis Tsipras accepted lenders' conditions in a two-page letter originally sent to the heads of the

    European Commission that requested only minor tweaks to their suggestions on pensions and tax

    reforms. European equities surged on the news, with the DAX up 2.5%. The Athens stock

    exchange remained closed for the third day. The Eurogroup of regional finance ministers will

    hold a conference call Wednesday on Greece's latest proposal, but will not likely make a decision

    until after Sunday's planned referendum, officials told Reuters. In the United

    States, Wednesday kicks off two days of data reports before the July 4 holiday.

    The final June U.S. Manufacturing Purchasing Mangers' index fell to 53.6, its lowest since

    October 2013, Markit said. The ADP private sector employment report showed creation of

    237,000 jobs, topping expectations of 218,000. U.S. stocks closed mildly higher on Tuesday,

    with the S&P 500 eking out its narrowest gain on record for the first half of the year. The Dow

    Jones Industrial Average traded up 161 points, or 0.92%, at 17,781. The S&P 500 traded up 15

    points, or 0.75%, at 2,078, with financials leading nine sectors higher and energy the only

    decliner. The Nasdaq traded up 42 points, or 0.84%, at 5,028. Gold is currently trading about

    0.4% lower, crude oil is seen trading about 2% lower, and the U.S. dollar is currently trading

    about 0.7% higher at 9:00am Chicago time.

    High Domestic Prices in China Increase Demand for Rice Imports, Says USDA Post

    Jul 01, 2015

    USDA Post estimates China's MY 2015-16 rice imports at around 4.7 million tons, up about

    17.5% from an estimated 4 million tons in MY 2014-15 and unchanged from USDA's official

    estimates. The Post expects an increase in this year's imports due to high domestic

    prices.Increased smuggling in southern China is posing a challenge to the government, according

    to the Post. The government has reportedly seized over 200,000 tons of milled rice in 2014.

    The Post has lowered estimates for MY 2014-15 imports by 400,000 tons due to the delayed

    release of rice TRQs in 2015. Based on trade statistics, the Post reports that Thailand has

    overtaken Vietnam as largest exporter to China in 2014-15. It reports that Thailand has

    also adjusted its policies to encourage rice exports following its change in government.

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    USDA Post estimates China's MY 2015-16 paddy rice production at around 206.4 million tons,

    unchanged from last year and slightly lower from USDA's official estimates of around 208.57

    million tons as it expects yields to be negatively impacted by El Nino, with the potential for both

    droughts and flooding in rice growing regions. Cold weather in early May delayed seeding

    process in northern regions. However, the Post expects the high support prices to encourage

    increase in acreage and production.

    The Post estimates China's MY 2014-15 rice consumption at around 149 million tons, up from

    last year's 147 million tons and down from USDA's official estimates of 151 million tons. The

    Post says high prices, inconsistent quality of state rice reserves, and changing consumption

    patterns are all contributing to lower consumption growth. On the other hand, CNGOIC forecasts

    the food demand, industrial and feed demand to decline about 1%, 9% and 4% respectively in

    2015-16.Lower consumption means higher stocks and the Post estimates higher stocks in MY

    2014-15 and MY 2015-16. Buyers are not showing interest to buy rice from the stocks due to

    poor quality and higher prices, says the Post. Only 2% of around 7.87 million tons of rice

    auctioned from the state reserves have been sold in April 2015.

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    Nigeria's Forex Troubles May Lower Indian Non-Basmati Rice Exports by 10%, Say Exporters

    Jul 01, 2015

    Nigeria's recent decision to stop forex (dollar) sales to rice and other commodity importers to

    protect its dwindling forex reserves and depreciating naira is expected to lower India's total non-

    basmati rice exports by at least 10% this year, Hindu Business Line quoted some exporters.India

    accounts for nearly half of Nigeria's annual rice import needs of about 2.5 million tons. Nigeria

    mostly imports parboiled rice from India. A leading non-basmati rice exporter told reporters that

    the Nigerian move has slowed down rice shipments from India. He noted that it would in fact

    affect exports of all origins.

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    Exporters noted that the depreciation of naira against the dollar coupled with falling crude oil

    prices and change in the government have affected India's exports to Nigeria, but payments have

    been unaffected as Indian exporters route their shipments through global traders like Platinum

    Corp and Louis Dreyfus.They expressed confidence that the government would soon react to

    falling stocks and increasing demand. India exported around 330,279 tons of rice to Nigeria in

    2014-15 (April - March), according to the Agricultural & Processed Food Products Export

    Development Authority (APEDA).

    The Nigerian currency depreciated by about 26% to around N196.95/USD from around

    N155.2/USD during in January 2014, according to data from the CBN.

    Nigeria has been a net importer of rice and imports over 50% of its annual rice consumption

    needs. USDA estimates the country to produce 2.83 million tons of milled rice in the MY 2014-

    15 (October 2014 - September 2014) and import about 4 million tons. The country's consumption

    needs during the year are estimated at around 6.4 million tons.India exported around 8.3 million

    tons of non-basmati rice in 2014-15, up about 17% from around 7.1 million tons in 2013-14,

    according to the APEDA data.

    Oryza Afternoon Recap Chicago Rough Rice Futures Continue to Rally as Market Continues to Weigh Reduction in Acres and Firming Asian Prices

    Jul 01, 2015

    Chicago rough rice futures for Sep delivery settled 17 cents per cwt (about $4 per ton) higher at

    $10.625 per cwt (about $234 per ton). The other grains traded mostly lower in morning trading

    but managed to close off of session lows for the day; Soybeans closed about 0.7% lower at

    $10.2950 per bushel; wheat finished about 4.4% lower at $5.8850 per bushel, and corn finished

    the day about 0.1% higher at $4.3175 per bushel.U.S. stocks held higher in choppy trade on

    Wednesday, as investors eyed better-than-expected data and the latest developments between

    Greece and its creditors. Investors remained optimistic of a deal for Greece despite Prime

    Minister Alexis Tsipras' statements the country will go ahead with the referendum on Sunday

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    and that it is not a determinant of whether or not Greece remains in the euro zone, Reuters

    reported.

    Financials led advancers in the S&P 500, gaining about 1% as yields climbed. European equities

    surged on renewed hopes of a Greece deal, with the DAX up more than 2%. The Athens stock

    exchange remained closed for the third day in a row. The Eurogroup of regional finance

    ministers concluded a conference call Wednesday on Greece's latest proposal. No other meeting

    is expected before Sunday's referendum. Investors also kept an eye on Puerto Rico, which has

    indicated difficulty repaying its debt of $72 billion.

    On Wednesday, the island's electric power authority, or PREPA, reached a deal with its creditors

    to make its $416 million payment. The Dow Jones Industrial Average traded up 98 points, or

    0.56%, at 17,718. The S&P 500 traded up 10 points, or 0.50%, at 2,073, with financials leading

    nine sectors higher and energy the only decliner. The Nasdaq traded up 18 points, or 0.37%, at

    5,005. Gold is trading about 0.3% lower, crude oil is seen trading about 4.2% lower, and the U.S.

    dollar is seen trading at about 0.7% higher at about 1:00pm Chicago time.Tuesday, there were

    1,994 contracts traded, down from 2,902 contracts traded on Monday. Open interest the

    number of contracts outstanding on Tuesday decreased by 71 contracts to 9,586.

    Thailand Lowers Estimates for 2015 Main Rice Crop Output by 9% Due to Prevailing Drought Conditions

    Jul 01, 2015

    The government of Thailand has lowered its estimates for 2015 main rice crop output by about

    2.44 million tons or about 9% to around 24.135 million tons from earlier estimate of around

    26.576 million tons due to severe drought conditions prevailing in the main rice growing areas of

    the Central region, Reuters quoted the latest report by the Office of Agricultural Economics

    (OAE).

    The estimate follows the government's advise to farmers last week to delay planting their main

    crop in the Chao Phraya River Basin due to delayed rains and consequent decline in water levels

    in the region's reservoirs.

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    In April, the OAE estimated the country's total paddy rice output for 2014-15 (January -

    December 2015) at around 32.6 million tons 27.1 million tons from main crop and 5.5 million

    tons from secondary crop), down about 11% from around 36.77 million tons (27.09 from main

    crop and 9.67 million tons from secondary crop) last year.Meanwhile, the government is still

    holding about15.6 million tons of rice in its stockpiles and is planning to auction about 1.39

    million tons of rice on July 7.

    The government is also considering to sell around 5.89 million tons of deteriorated rice to the

    industrial sector from this month, the Director-General of the Commerce Ministrys Department

    of Foreign Trade is quoted as saying.The Commerce Ministry planning to auction around 1.39

    million tons of rice on July 7. It sold about 2.94 million tons of rice in the first seven auctions

    since it took power, raising about 30.2 billion baht (around $894 million).

    USDA estimates Thailand to produce 28.409 million tons of paddy rice (around 18.75 million

    tons, milled basis) in MY 2014-15 (January - December 2015), down about 8% from around 31

    million tons (around 20.46 million tons, milled basis) in MY 2013-14.

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    Reduced Monsoon Rains in July May Impact India Rice Yields, Say Experts

    Jul 01, 2015

    July is considered to be most crucial month for rice farmers but weak monsoons in this month

    may severely impact India's rice yields especially in rain fed areas, Reuters quoted some experts

    as saying.Rains, which have been nearly 28% above normal from the start of the monsoon

    season on June 1 have started weakening since the last weekend especially in the main rice

    growing areas of central, north-western and southern India and now the surplus has fallen to 16%

    over normal, according to the Indian Meteorological Department (IMD)."If the current dry spell

    continues for another week, then there will be an adverse impact on yields," the Head of

    Commodities and Currencies at Inditrade Derivatives and Commodities said. "In some areas,

    crop will wilt and farmers will be forced to cultivate them again," he added.

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    "Poor rainfall in July, with cloudy weather, can increase infestation of pest and diseases," the

    Director of an India-based Agri firm was quoted as saying. "Higher temperatures could also

    hinder crop growth," he said.Many farmers who breathed easy with the Skymet forecast of a

    good monsoon because of a phenomenon called the Indian Ocean Dipole (ICD) are now worried

    that weakening rains would bring them heavy losses as they already invested in seeds and

    fertilizers.The IMD has been maintaining that the monsoon in India would be 85% below normal

    due to the El Nino weather pattern.Planting for the main rice crop started off well with above

    average rains but is currently lagging behind last year due to less rains since June 25. According

    to data from Agriculture Ministry, the total area planted stood at around at around 2.328 million

    hectares, 7% below last year's level of around 2.5 million hectares.

    Philippines Agriculture Ministry Promotes Use of Brown Rice

    Jul 01, 2015

    The Philippines Department of Agriculture (DA) is encouraging increased use of brown rice as it

    has higher nutritional value compared to the polished white rice as well as to complement with

    the government's rice sufficiency program, according to local sources.A DA Senior Scientist told

    local sources that the DA would sign a Memorandum of Agreement (MoA) with the National

    Food Authority (NFA) to start distributing brown rice among the retailers. He noted that the

    government would start distributing brown rice in Metro Manila and slowly extend to other

    cities.

    Under the agreement, the NFA is expected to procure brown rice from local producers and sell it

    to local retailers at a lower price. The DA official noted that the NFA could cut down rice

    imports eventually. He also encouraged farmers to directly sell their brown rice products to

    restaurants, hotels, other food establishments apart from selling it to the NFA.He advised farmer

    to increase planting of brown rice varieties, which is rich in vitamins B1, B3, B6, B9, dietary

    fiber, antioxidants, protein, manganese, phosphorous, and iron.Separately, the DA Secretary told

    local reporters that the government's continued efforts have helped the country to reach rice

    sufficiency level of 96% in 2014 from 82% in 2010. He said there is still a need to import rice to

    maintain stocks and curb price hikes, but the volume is much lower than that imported under the

    previous government.

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