April 29, 2015

Daily Exclusive ORYZA Rice E-Newsletter

www.ricepluss.com

Volume 5, Issue I
Daily Exclusive

ORYZA Rice
Newsletter

Daily Exclusive ORYZA Rice E-Newsletter

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Global Rice Quotes

April 28th, 2015
Long grain white rice - high quality
Thailand 100% B grade 395-405

Vietnam 5% broken

355-365

India 5% broken 365-375

Pakistan 5% broken

375-385

Myanmar 5% broken

410-420

Cambodia 5% broken

430-440

U.S. 4% broken 480-490

Uruguay 5% broken

565-575

Argentina 5% broken

555-565

Long grain white rice - low quality

Thailand 25% broken

355-365

Vietnam 25% broken

330-340

Pakistan 25% broken

330-340

Cambodia 25% broken 410-420

India 25% broken

335-345

U.S. 15% broken

470-480

Long grain parboiled rice

Thailand parboiled 100% stxd

380-390

Pakistan parboiled 5% broken stxd

385-395

India parboiled 5% broken stxd 360-370

U.S. parboiled 4% broken

555-565

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Brazil parboiled 5% broken

570-580

Uruguay parboiled 5% broken NQ

Long grain fragrant rice

Thailand Hommali 92%
Vietnam Jasmine

895-905
485-495

India basmati 2% broken

NQ

Pakistan basmati 2% broken

NQ

Cambodia Phka Mails 810-820

Brokens
320-330

Vietnam 100% broken 310-320

Thailand A1 Super

Pakistan 100% broken stxd

Cambodia A1 Super

285-295

345-355

India 100% broken stxd

270-280

Egypt medium grain brokens

NQ

U.S. pet food

370-380

Brazil half grain NQ

All prices US D per ton, FOB vessel, oryza.com

India Rice Sellers Lower Some of Their

Quotes Today; Other Asian Rice Quotes
Unchanged
Apr 28, 2015

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India rice sellers lowered their quotes for 5% broken rice, 100% broken rice and parboiled rice
by about $5 per ton each to around $365 - $375 per ton, around $335 - $345 per ton, and around
$360 - $370 per ton respectively today; and 25% broken rice by about $10 per ton to around
$270 - $280 per ton. Vietnam rice sellers are out today on account of a public holiday. Other
Asian rice sellers kept their quotes unchanged from yesterday.
5% Broken Rice
Thailand 5% rice is indicated at around $380 - $390 per ton. India 5% rice is indicated at around
$365 - $375 per ton, a $10 per ton discount to Pakistan 5% rice shown at around $375 - $385 per
ton.
25% Broken Rice
Thailand 25% rice is shown at around $355 - $365 per ton. India 25% rice is indicated at around
$335 - $345, about a $5 per ton premium on Pakistan 25% rice shown at around $330 - $340 per
ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $380 - $390 per ton. India parboiled rice is
indicated at around $360 - $370 per ton, about a $25 per ton discount to Pakistan parboiled rice
shown at around $385 - $395 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is indicated at around $320 - $330 per ton. India's 100% broken
rice is shown at around $270 - $280 per ton, about a $15 per ton discount to Pakistan broken
sortexed rice shown at around $285 - $295 per ton.

Oryza Overnight Recap Chicago Rough Rice

Futures Show Early Strength as Market Tries to
Build Near-Term Bottom
Apr 28, 2015

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Chicago rough rice futures for Jul delivery are currently seen 14.5 cent per cwt (about $3 per ton)
higher at $10.270 per cwt (about $226 per ton) during early floor trading in Chicago. The other
grains are seen trading with mixed results: soybeans are currently seen about 0.7% higher, wheat
is listed about 0.4% lower and corn is currently noted 0.1% lower.
U.S. stocks traded mostly higher on Tuesday, as investors eyed strong Apple earnings and the
beginning of the Federal Reserve's two-day meeting. The Dow Jones industrial average held
gains while the S&P 500 and Nasdaq fluctuated around the flatline. The Fed meeting gets
underway Tuesday, with the conclusion and post-meeting statement due Wednesday. A wave of
disappointing domestic data since the previous FOMC meeting has spurred economists to
downgrade their outlooks for the U.S. economy in 2015.
Investors will be eyeing any comments from the Fed for hints as to when it might hike interest
rates. To be sure, with no press conference on Wednesday, analysts do not expect major news
out of the U.S. central bank this week. The euro strengthened to above $1.09, with hopes of
progress on the Greece debt talks, Boockvar said. However, the stronger currency put pressure
on European stocks. The Dow Jones Industrial Average opened up 32 points, or 0.18%, at
18,072.87. The S&P 500 opened up 2.9 points, or 0.05%, at 5,062. The Nasdaq opened up 3
points, or 0.06%. Gold is currently trading about 0.1% lower, crude oil is seen trading about
0.2% higher, and the U.S. dollar is currently trading about 0.3% lower at 9:30am Chicago time.

Bhutan Plans to Adopt High Yielding, Short

Duration Rice Varieties to Boost Production
Apr 28, 2015

Bhutan Agriculture Ministry is planning to provide farmers with newer varieties of rice in order
to boost rice production in the country, according to local sources.The Research Development
Center (RDC) Bajo has found that two crops can be grown in the rice producing regions of the
south and mid-altitude regions. Therefore short-duration rice varieties are understood to be more
useful for rice grower in these regions. The RDC Bhur has tested 12 varieties of rice last year for
their adaptability, maturity, yield potential and resistance to pests and diseases. However it found
only one variety that has a short maturity period and two other varieties which have a potential to
be harvested in a short period.

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The Ministry of Agriculture is planning to test some more varieties and is keen on releasing at
least three to four varieties of high-yielding and short-duration rice within the next few years.
Bhutan's rice sector has been facing several challenges such as lack of irrigation facilities and
potential wet land to carry out developmental activities and consequently cannot produce
adequate quantity of rice needed to meet the consumption demand. According to study carried
out by the RDC Bajo, Bhutan currently produces about 78,000 tons of rice but needs to import
about 21,000 tons annually.
The Department of Agriculture (DoA) under the Ministry of Agriculture and Forests (MoAF)
targets to produce about 90,000 tons of rice by the end of eleventh five year plan (2013 - 2017).
It is encouraging farmers to adopt Kambja, an upland rice cultivation system, as a means to
increase production. The Ministry is also planning to bring more wetland under rice cultivation
by improving irrigation facilities.

Government of India Promotes Climate

Smart Rice Varieties to Boost Production and
Farmers Income
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Apr 28, 2015

The government of India is encouraging farmers to adopt climate-smart rice varieties to boost
production in drought and flood prone states, according to local sources.The Agriculture Minister
has urged the farmers in fifteen states to grow flood-tolerant rice varieties and drought-tolerant
rice varieties such as Swarna-Sub1. Speaking at an event last week, the Minister noted that these
varieties could bring a second green revolution in Eastern India, which are more prone to climate
vagaries. He added that the government is keen on changing the face of farm sector in India and
improve lives of farmers.
The government has introduced projects such as the National Food Security Mission (NFSM)
and Bringing the Green Revolution in Eastern India (BGREI) to boost rice production in
India.The government of the Eastern state Bihar has planted climate-smart rice varieties in
around 4,500 hectares of land over the last three years under the NFSM project. It has also
invested in large-scale seed production of flood-and drought-resistant rice varieties and had
distributed a large quantity of Swarna-Sub1 and Sahbhagi dhan seeds last year. It is expecting the
seeds to produce more than 3,000 tons of climate-smart rice seeds this year.An agronomist at the
International Rice Research Institute (IRRI) added that these climate -smart varieties will also
help increase farmers' incomes also as they can grow rice in previously unproductive areas.
The government of India, in its second advance estimates for major crops, has estimated India's
rice production for 2014-15 marketing year (October 2014 - September 2015) at around 103.04
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million tons, down about 3% from an estimated 106.65 million tons in 2013-14, according to a
statement from the Agriculture Ministry. It estimates around 88.02 million tons from kharif rice
crop and around 15.02 million tons from rabi rice crop.

Oryza U.S. Rough Rice Recap Prices Hold

Steady Ahead of IGB Tender Results
Apr 28, 2015

The U.S. cash market was seen mostly steady today with little trading ahead of the results of the
latest Iraqi Grain Board (IGB) tender.The IGB received offers of on April 26th totaling 625,000
MT of white rice from seven different origins.Analysts note that South American prices were
higher than the offers from the U.S. however Asian prices were considerably cheaper relative to
the U.S.

Chinese Agricultural Firm to Provide

Support to the Gambia Rice Sector
Apr 28, 2015

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A private Chinese agricultural investment company has shown interest to invest in The Gambia's
agriculture sector, according to local sources.
To start with, the company will develop 1,000 hectares of rice land and will sign a memorandum
of understanding (MoU) with the government of The Gambia to that extent. It is keen on starting
the development activity by May this year.The firm will provide technological support to
enhance yields and post-harvesting methods as well as develop value chain for rice and other
value-added crops such as maize, fox tail millet and vegetables.
The Chinese firm's involvement in the country's rice sector is understood to support the
President's Vision 2016 initiative. The Gambia, which currently imports over 70% of its annual
rice consumption needs, is striving to achieve self-sufficiency in rice production in the next few
years and cut down imports.USDA estimates The Gambia to produce around 10,000 tons of rice,
basis milled, and import around 140,000 tons in MY 2014-15 (October - September) to meet
consumption needs of around 170,000 tons.

India Exports Increase 8% y/y to 11.65

Million Tons in FY 2014-15, Says AIREA
Apr 28, 2015

India exported around 11.65 million tons of rice (including

basmati and non-basmati) in the FY 2014-15 (April - March),
up about 8% from around 10.78 million tons exported during
the same period in FY 2013-14, Bloomberg quoted All India
Rice Exporters Association (AIREA).India's basmati rice
exports have increased slightly to around 3.78 million tons in
FY 2014-15 from around 3.76 million tons exported during the same period in FY 2013-14.
India's basmati rice exports were primarily impacted due to Iran's ban on rice imports since
November 2014. India exported around 900,000 tons of rice to Iran in FY 2014-15, down about
36% from around 1.4 million tons exported last year, according to the AIREA. Saudi Arabia,
UAE, Iraq, Kuwait remained the other top importers of Indian basmati rice.Indias non-basmati
rice exports increased to around 7.87 million tons, up about 12% from around 7 million tons
recorded in the same period in FY 2013-14. African countries were the top importers of India's
non-basmati rice.

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Oryza Afternoon Recap Chicago Rough

Rice Futures Rebound as Firmer Grains add
Support to Oversold Market
Apr 28, 2015

Chicago rough rice futures for Jul delivery settled 11 cents per cwt (about $2 per ton) higher at
$10.235 per cwt (about $226 per ton). The other grains finished the day with gains; Soybeans
closed about 0.4% higher at $9.7725 per bushel; wheat finished about 0.6% higher at $4.7625
per bushel, and corn finished the day about 0.1% higher at $3.6100 per bushel.U.S. stocks traded
higher on Tuesday, recovering morning losses amid international news as investors eyed Apple
earnings and the beginning of the Federal Reserve's two-day meeting. The Federal Market Open
Committee began on Tuesday and will conclude with the release of a post-meeting statement
expected at 2 p.m. on Wednesday.
A wave of mostly disappointing domestic data since the previous FOMC meeting has spurred
economists to downgrade their outlooks for the U.S. economy in 2015, particularly for the first
quarter. Signs of economic improvement in the subsequent quarters could still support a rate hike
this year. Tuesday's afternoon gains were muted as investors remained on edge ahead of
Wednesday's expected statement. The Dow Jones industrial average held about 60 points higher
after briefly falling more than 100 points as the Iran headlines came out. The other major indices
traded mildly higher. The euro strengthened to above $1.09, with hopes of progress on the
Greece debt talks, Boockvar said.
However, the stronger currency put pressure on European stocks, which closed lower. Greek
Prime Minister, Alexis Tsipras, said on Monday that he may resort to a referendum if lenders
insist on demands that the government deems unacceptable, Reuters reported. But he added that
he was confident of striking a deal to avoid such a scenario. The Dow Jones Industrial Average
traded up 62 points, or 0.34%, to 18,100. The S&P 500 traded up 5 points, or 0.24%, at 2,114,
with telecommunications leading nine sectors higher and consumer discretionary the only
laggard. The Nasdaq traded up 5 points, or 0.10%, at 5,065. Gold is trading about 0.9% higher,
crude oil is seen trading about 0.4% lower, and the U.S. dollar is seen trading about 0.7% lower
at about 1:00pm Chicago time.Monday, there were 2,312 contracts traded, up from 1,615
contracts traded on Friday. Open interest the number of contracts outstanding on Monday
increased by 252 contracts to 11,529.

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