30th December, 2014 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

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Daily
December 30, 2014
Exclusive ORYZA E-Newsletter
DAILYCompiled
EXCLUSIVE
ORYZA E-NEWSLETTER
& Edited by Riceplus Magazine
December 30, 2014

Vol 4 Issue XII
Riceplus Magazine wwww.ricepluss.com

mujahid.riceplus@gmail.com Cell: +92 321 369 2874
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December 30, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
News Headlines
Bangladesh Receives China Support to Boost
Rice Production
Italian Rice Farmers Prefer Re-use of Self
Produced Seeds Over Certified Seeds
Global Rice Quotes
Oryza Overnight Recap - Chicago Rough
Rice Future Sharply Lower this Morning as
Buying Interest Disappears
Oryza Afternoon Recap - Chicago Rough Rice
Futures Tumble as Iraq Passes on US Rice in
Latest Tender Announcement
Nigeria's New Rice Policy Criticized for
Creating $216 Million Losses to Exchequer
Oryza U.S. Rough Rice Recap - Market
Softens after IGB Passes on U.S. in Favor of
South American Origin
Italy Exports 632,930 Tons of Rice in 2013-14;
Down 6% from Previous Year
Thailand, Pakistan Rice Quotes Up Today;
Vietnam Rice Quotes Down
4 Million Tons Rice During January 1
December 26, 2014
Philippines Plans to Release New HeatTolerant Rice Varieties by 2017
News Detail
Bangladesh Receives China Support to Boost

Rice Production
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December 30, 2014
Dec 29, 2014
Bangladesh will receive Chinas support to

boost rice production in the country under an
agricultural cooperation agreement, according to
local sources.Under the agreement, China has
agreed to transfer the technology of its
indigenous high-yielding rice variety to
Bangladesh and will also set up a rice research
center in Bangladesh.The decision was taken
during the recent visit of the Chinese Foreign
Minister to Dhaka, according to local sources.
The Bangladesh Foreign Minister told local media sources that discussions with his Chinese
counterpart have been successful and would help Bangladesh in increasing food production
significantly. China agreeing to transfer technology of high-yield rice is "a big development," he
said.
The China-Bangladesh collaboration also includes several other trade and bilateral
issues.Bangladesh produced around 34.36 million tons of rice in 2013-14, up about 2% from
around 33.76 million tons last year, according to data from Bangladesh Bureau of Statistics
(BBS). USDA estimates Bangladesh to produce around 34.6 million tons of milled rice and
import around 500,000 tons in MY 2014-15 (July June).
Italian Rice Farmers Prefer Re-use of Self

Produced Seeds Over Certified Seeds
Dec 29, 2014
Italian rice farmers are reportedly

reducing the use of certified seeds for
the last couple of years, according to
the data from Nazionale Risi, the
National agency for rice, the use of
certified seeds in the crop year 201314 remained unchanged from the
previous year despite an increase in
the rice acreage. The data also shows
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December 30, 2014
that area for growing certified seeds in 2013-14 has declined by about 20% y/y due to reduction
in the usage of certified seeds. Total area for seed production (including certified seeds and selfproduced seeds) in Italy during the year stood at around 9,581 hectares. Italy produced 42,884
tons of seeds and exported around 8.470 tons during 2013-14. The European country also
imported around 241 tons of rice seeds during the year.
Farmers are understood to be preferring the re-use of self-produced seeds to reduce production
costs. However, analysts say though re-use of self-produced seeds reduce production costs, they
may affect the quality of paddy output as they may need increased use of chemical fertilizers to
reduce infections transmitted through the seeds. They also noted that with the use of such seeds,
it becomes difficult to test for the absence of genetically modified (GM) contaminations.
Global Rice Quotes

December 29th, 2014
Long grain white rice - high quality

Thailand 100% B grade 420-430
Vietnam 5% broken
380-390
India 5% broken
385-395
Pakistan 5% broken
375-385
Cambodia 5% broken
460-470
U.S. 4% broken 510-520
Uruguay 5% broken
595-605
Argentina 5% broken
595-605
Long grain white rice - low quality

Thailand 25% broken
NQ
Vietnam 25% broken
350-360

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December 30, 2014
Pakistan 25% broken
335-345
Cambodia 25% broken 435-445
India 25% broken
350-360
U.S. 15% broken
495-505
Long grain parboiled rice

Thailand parboiled 100% stxd
405-415
Pakistan parboiled 5% broken stxd
405-415
India parboiled 5% broken stxd 375-385
U.S. parboiled 4% broken
580-590
Brazil parboiled 5% broken
570-580
Uruguay parboiled 5% broken NQ
Long grain fragrant rice

Thailand Hommali 92% 895-905
Vietnam Jasmine
510-520
India basmati 2% broken
NQ
Pakistan basmati 2% broken
NQ
Cambodia Phka Mails
805-815
330-340
Vietnam 100% broken 330-340
Brokens
Thailand A1 Super
Pakistan 100% broken stxd
300-310

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December 30, 2014
Cambodia A1 Super
385-395
India 100% broken stxd 295-305
Egypt medium grain brokens
NQ
U.S. pet food
390-400
Brazil half grain NQ
All prices USD per ton, FOB vessel, oryza.com
Oryza Overnight Recap - Chicago Rough

Rice Future Sharply Lower this Morning as
Buying Interest Disappears
Dec 29, 2014
Chicago rough rice futures for Jan delivery were trading 33.5 cents per cwt (about $7 per ton)
lower at $11.830 per cwt (about $261 per ton) during early floor trading in Chicago. The other
grains are seen trading mixed: soybeans are currently seen 0.4% higher, wheat is listed
unchanged and corn is currently trading unchanged.U.S. stocks traded in a narrow range on
Monday, amid some pressure on European stocks from Greece's failure to elect a president in a
third round of elections. The Russell 2000 and the Dow Utility Average traded at new highs, up
4.84% and 31% for the year, respectively.
Both indices have led market gains since the S&P 500 closed at a 1.5-month low on Dec. 16. Oil
prices edged higher on concerns about disruption to output from Libya. U.S. stock index futures
signaled a softer open on Monday, with stocks in Europe trading lower after third-round
elections in Greece failed to secure a new president. Volumes are expected to be light after the
Dow Jones Industrial Average and the S&P 500 posted record gains last week. The Dow
advanced 1.4 percent in light volume on the week after consistent record closes, but uncertainty
in Europe weighed on stocks amid the political turmoil in Greece. Gold is currently trading about
1.1% lower, crude oil is seen trading about 0.6% higher, and the U.S. dollar is currently trading
slightly lower at 10:10am Chicago time.

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December 30, 2014
Oryza Afternoon Recap - Chicago Rough

Rice Futures Tumble as Iraq Passes on US
Rice in Latest Tender Announcement
Dec 29, 2014
Chicago rough rice futures for Jan delivery settled 34.5 cents per cwt (about $8 per ton) lower at
$11.820 per cwt (about $268 per ton). Rough rice futures tumbled on news that the Iraqi Grain
Board has passed on US origin rice in its latest tender awards, instead turning to Brazil and
Argentina in its latest round of buying. The US futures market immediately reacted to the
negative news as prices once again slipped below $12.000 per cwt (about $265 per ton). The
other grains closed mostly lower today; Soybeans closed about 0.5% lower at $10.4875 per
bushel; wheat finished about 0.8% higher at $6.1550 per bushel, and corn finished the day about
0.5% lower at $4.1275 per bushel.
U.S. stocks traded slightly higher on Monday, shaking off declining oil prices and earlier
pressure from Greece's failure to elect a president. The Dow Jones Industrial Average held to the
smallest trading range of December. The Russell 2000 and the Dow Utility Average traded near
new highs, up about 4.7% and 31% for the year, respectively. Both indices have led market gains
since the S&P 500 closed at a 1.5-month low on Dec. 16. On the S&P 500, the defensive utilities
sector rose more than 1.20% to lead gains. After edging higher on concerns about disruption to
output from Libya, WTI Crude hit $53.32 a barrel, the lowest since 2009.
Low oil prices have hurt the energy-sensitive region of Texas, according to December figures
from the Dallas Manufacturing Survey. The general business activity index fell to 4.1 from 10.5,
the weakest level since March. With many traders on vacation between the Christmas and New
Year's holidays, composite volume on the New York Stock Exchange was 1.3 billion in early
afternoon trade. Earlier, stocks opened lower, following the lead of U.S. stock index futures,
amid some pressure on European stocks from Greece's failure to elect a president in a third round
of elections. Greek stocks fell as much as 11% on the news, paving the way for a snap election
on January 25, 2015.
The result did not come as a surprise, with many analysts saying prior to the vote that the Greek
government needed a "miracle" to avoid a general election. The Dow Jones Industrial Average
traded down 6 points, or 0.03%, to 18,047. The S&P 500 reversed opening losses to trade up 2.5
points, or 0.11%, at 2,091, with utilities leading gains in half of the sectors and
telecommunications the greatest laggard. The Nasdaq traded down 1.3 points, or 0.03%, to
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December 30, 2014
4,805. Gold is trading about 1.1% lower, crude oil is seen trading about 2.6% lower, and the U.S.
dollar is seen trading about 0.2% higher at about 1:00pm Chicago time.Friday, there were 634
contracts traded, down from 672 contracts traded on Wednesday. Open interest the number of
contracts outstanding on Friday decreased by 218 contracts to 9,000.
Nigeria's New Rice Policy Criticized for

Creating $216 Million Losses to Exchequer
Dec 29, 2014
Experts have slammed Nigeria's new rice policy of

granting waivers and concessions to importers as
part of efforts to bridge supply-gap of importgrade rice of around 1.5 million tons in the
country, according to local sources. In order to
encourage investment in the rice sector and
support its rice self-sufficiency plan, the Federal
government has decided to provide duty waivers to existing millers as well as new investors in
the country. According to the new rice policy, existing millers and investors have been receiving
a preferential levy of 20% and duty of 10% while other importers are required to pay a higher
levy of 60% and 10% duty to the government. Accordingly, the Federal Ministry of Agriculture
and Rural Development has been allocating rice import quotas to various importers, millers and
investors.
Experts say this policy has some flaws. First, investors who do not have a strong base in the
country's rice sector have been applying for preferential import quotas. They noted that of the 28
beneficiaries so far, only 16 have invested in mills and the remaining 12 did not have investment
in mills but have accounted for higher imports than those who really have mills. They also noted
that most of the investors who got import allocations have been trading their quota, which they
got at 20% levy, to other stakeholders between 60 - 80% levy. They have slammed the
government for granting import quotas indiscriminately and creating losses to the extent of N20
billion (around $108 million) to the exchequer.They said the new policy of the government
would encourage rice smuggling in the country leading to another N20 billion (around $108
million) losses.
However, the Agriculture Minister denied the experts' claims saying the Ministry has not been
granting import quotas indiscriminately and they have been following a specific methodology to
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December 30, 2014
do so. He noted that that importers/millers/investors applying for preferential import levy are
required to submit a Domestic Rice Production Plan (DRPP) to prove that they have been
working towards increasing rice production in the country.
Oryza U.S. Rough Rice Recap - Market

Softens after IGB Passes on U.S. in Favor of
South American Origin
Dec 29, 2014
The U.S. cash market was softer today, despite extremely limited buy/sell interest, after it was
announced that the Iraqi Grain Board overlooked U.S. origin rice in favor of more expensive
South American rice.It was reported that IGB purchased 40,000 MT of Brazilian rice at $669 per
MT CIF Liner Out Umm Qasr as well as 30,000 MT of Argentine rice at $675 PMT CIF Free out
where as the offer 75,000 MT at $624 PMT CIF Liner out and 30,000 MT at $647 CIF Free out.
With IGB passing on the U.S. offer, analysts expect prices to remain subdued until the U.S. is
able to secure some more export business from either Iraq or Venezuela however at the moment
no one in the industry is holding their breath.
Italy Exports 632,930 Tons of Rice in 201314; Down 6% from Previous Year
Dec 29, 2014
Italy has exported around 632,930 tons of

rice, basis milled, in the crop year 2013-14
(September 1, 2013 - October 31, 2014),
down about 6.3% from around 675,434
tons exported in the crop year 2012-13,
according to data from the Ente Nazionale
Risi, the National agency for rice.Italy's
rice exports to EU countries during 201314 accounted for around 524,604 tons,
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December 30, 2014
down about 5.6% from around 555,924 tons exported last year. Exports to non-producing EU
countries declined about 7.6% y/y.
Exports to non-rice producing countries declined by about 1%. Among rice producing countries,
exports to France registered highest decline of about 11.1% y/y.Italy's rice exports to Non-EU
countries during the year accounted for around 108,326 tons, down about 9.4% from around
119,510 tons exported during the previous year. While exports to European non-EU countries
increased about 17.3% y/y, those to Asia, including Turkey and Syria, declined about 21.7% y/y.
Exports to Africa, America and Oceania also witnessed a downward trend.
Thailand, Pakistan Rice Quotes Up Today;

Vietnam Rice Quotes Down
Dec 29, 2014
Thailand rice sellers increased their quotes for Hommali rice by about $5 per ton to around $895$905 per ton today. Vietnam rice sellers lowered their quotes for 5% broken rice and Jasmine
rice by about $5 per ton and $15 per ton to around$380 - $390 per ton and around $510 - $520
per ton, respectively, today. Pakistan rice sellers increased most of their quotes. India rice sellers
kept their quotes unchanged today.
5% Broken Rice
Thailand 5% rice is quoted at around $405 - $415 per ton, about $25 per ton premium on
Vietnam 5% rice shown at around $380 - $390 per ton, down about $5 per ton from Friday. India
5% rice is quoted at around $385 - $395 per ton, about $10 per ton premium on Pakistan 5% rice
quoted at around $375 - $385 per ton, up about $5 per ton from Friday.
25% Broken Rice
Thailand 25% rice was last quoted at around $350 - $360 per ton, on par with Vietnam 25% rice
shown at around $350 - $360 per ton.
India 25% rice is quoted at around $350 - $360, about $15 per ton premium on Pakistan 25% rice
quoted at around $335 - $345 per ton, up about $5 per ton from Friday.
Parboiled Rice

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December 30, 2014
Thailand parboiled rice is quoted at around $405 - $415 per ton.

India parboiled rice is quoted at around $375 - $385 per ton, about $30 per ton discount to
Pakistan parboiled rice quoted at around $405 - $415 per ton, up about $10 per ton from Friday.
100% Broken Rice
Thailand broken rice, A1 Super, is quoted at around $330 - $340 per ton, on par with Vietnam
100% broken rice shown at around $330 - $340 per ton. India's 100% broken rice is shown at
around $295 - $305 per ton, about $5 per ton discount to Pakistan broken sortexed rice quoted at
around $300 - $310 per ton.
Vietnam Exports About 6.04 Million Tons

Rice During January 1 December 26, 2014
Dec 29, 2014

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December 30, 2014
Vietnam exported around 6.036 million tons of rice during January 1 - December 26, 2014, down
about 10% from around 6.71 million tons of rice exported in full year of 2013, according to data
from the Vietnam Food Association (VFA). Average rice export price so far in this year stands at
around $440 per ton (FOB), up about 1.6% per ton from about $433 per ton recorded same time
last year.
During December 1- 26, 2014, Vietnam exported around 195,747 tons of rice, down about 64%
from around 540,378 tons rice exported in full month of December 2013, and down about 60%
from around 484,513 tons rice exported in full month of November 2014. Average export prices
in so far in December stand at around $478 per ton, up about 5% from a year ago, and up about
3% per ton from a month ago.
Philippines Plans to Release New HeatTolerant Rice Varieties by 2017

Dec 29, 2014
The Philippine Rice Research Institute (PhilRice)

is developing new rice varieties that can endure
high temperatures and provide high yields,
according to a news release on its
website.Normally, rice grows optimally between
20-35 degrees centigrade and becomes sensitive
to increasing temperatures especially during the
flowering stage and eventually, yields may be
affected.
A team of researchers from PhilRice have been developing new rice genotypes that can tolerate
and adapt to temperatures as high as 37-39 degrees centigrade under irrigated lowland
conditions. They identified N22 (Nagina 22 from India), Dular (India), and Nipponbare (Japan)
as donor parents and generated new high temperature tolerant breeding varieties using
conventional breeding and molecular marker-assisted selection processes. The lead researcher of
the project noted that they established breeding nurseries in high temperature regions under field
conditions. They set the timing of planting such that the flowering stage coincided with the
highest temperature during the growing season.
They researchers identified twenty five new breeding lines which are tolerant to high
temperatures. These breeding lines will be evaluated for other traits and depending on the results,
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December 30, 2014
they will be nominated to the National Cooperative Test for Multi-Environment testing, said the
lead researcher of the project.He expressed confidence that a new heat-tolerant rice variety
would be released in 2016-17. Developing rice varieties that can tolerate high temperatures is
important part in dealing with climate change in rice growing areas, he added.
Separately, the Philippines Department of Agriculture (DA) is planning to incorporate climate
smart technologies in its programs to help local agriculture sector adapt to extreme weather
conditions.The DA is currently testing the adaptability of three varieties of Green Super Rice,
which is jointly developed by the International Rice Research Institute (IRRI) and the PhilRice,
for different climatic conditions. Green Super Rice is developed by combining the superior traits
of 250 rice varieties and hybrids for tolerating extreme weather/growing conditions such as
drought, floods and low inputs, including zero pesticides and less fertilizers. The National Seed
Industry Council has to certify thper Rice for commercial use.

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www.ricepluss.

Exclusive ORYZA E-Newsletter

December 30, 2014

Riceplus Magazine wwww.ricepluss.com

December 30, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Bangladesh Receives China Support to Boost

December 30, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Dec 29, 2014

Bangladesh will receive Chinas support to

Italian Rice Farmers Prefer Re-use of Self

Italian rice farmers are reportedly

December 30, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Global Rice Quotes

Long grain white rice - high quality

U.S. 4% broken 510-520

Long grain white rice - low quality

Vietnam 25% broken

Riceplus Magazine wwww.ricepluss.com

December 30, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Pakistan 25% broken

Cambodia 25% broken 435-445

India 25% broken

U.S. 15% broken

Long grain parboiled rice

Pakistan parboiled 5% broken stxd

India parboiled 5% broken stxd 375-385

U.S. parboiled 4% broken

Brazil parboiled 5% broken

Uruguay parboiled 5% broken NQ

Long grain fragrant rice

India basmati 2% broken

Pakistan basmati 2% broken

Cambodia Phka Mails

Vietnam 100% broken 330-340

Pakistan 100% broken stxd

Riceplus Magazine wwww.ricepluss.com

December 30, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

India 100% broken stxd 295-305

Egypt medium grain brokens

U.S. pet food

Brazil half grain NQ

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

Oryza Overnight Recap - Chicago Rough

Riceplus Magazine wwww.ricepluss.com

December 30, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Oryza Afternoon Recap - Chicago Rough

December 30, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Nigeria's New Rice Policy Criticized for

Experts have slammed Nigeria's new rice policy of

December 30, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Oryza U.S. Rough Rice Recap - Market

Italy has exported around 632,930 tons of

December 30, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Thailand, Pakistan Rice Quotes Up Today;