Brazil Paddy Rice Auction Results

16th January, 2014

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TOP Contents - Tailored for YOU
Latest News Headlines…
 Philippines Ag Association Urges Smuggled Rice to be Given to Those in Need
 Thailand Rice Sellers Increase Some of Their Quotes Today; Vietnam Rice Sellers Lower Some of
Their Quotes
 Oryza Quick Glance at MDA Rice Crop Weather Update

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Oryza Rice Currency Analysis for Today – Mexico Peso Down 0.9%
Oryza U.S. Rough Rice Recap – Bids Generate LIttle Interest Ahead of Export Data
India Rice Stocks in Central Pool Stand at 29.85 Million Tons; Down 7% from Last Year
China Releases 2014 Tariff Rates for Rice
Conab Announces Brazil Paddy Rice Auction Results
Thai Government Delays One Million Ton Rice Sale to China amid Legal Questions over Government
'Caretaker' Powers
Conab Increases 2013-14 Paddy Rice Production Forecast to 12.35 Million Tons
Conab to Auction 100,234 Tons of Brazil Paddy Rice January 22
Can’t Buy Votes if You Can’t Pay Farmers: Political Turmoil in Thailand Simmers Just Two Weeks
before Elections
Oryza Quick Glance at World News
Oryza Global Rice Quotes

NEWS DETAILS:
Philippines Ag Association Urges Smuggled Rice to be Given to Those in Need
Jan 15, 2014

A Philippine agriculture association, Samahang Industriya ng Agrikultura (Sinag), is urging the Bureau of
Customs (BOC) to sell 1,000 container vans of illegally smuggled rice stock to the Department of Social
Welfare and Development (DSWD) rather than auction the rice, where Sinag says the rice could be bought back
by smugglers.The head of Sinag says the smuggled rice would benefit those in need, as the DSWD is trying to
accumulate rice to give to survivors of Supertyphoon "Yolanda" in the Visayas.So far the BOC has been strict
over releasing the confiscated shipments and the smugglers are "moving heaven and earth" to get their
shipments released. The head of Sinag adds that the government must step up its anti-smuggling efforts if it is
serious in helping the nation’s rice farmers.
Tags: Philippines rice imports, Samahang Industriya ng Agrikultura (Sinag), Philippines Department of Social Welfare and Development (DSWD)

Thailand Rice Sellers Increase Some of Their Quotes Today; Vietnam Rice Sellers
Lower Some of Their Quotes
Jan 15, 2014

Thailand rice sellers increased their quotes for 5% broken rice (for new crop) and A1 super rice by about $5 –
$25 per ton to about $440 - $450 per ton and about $305 - $315 per ton respectively today. Vietnam rice sellers

Cell # 92 321 369 2874

lowered their quotes for 25% broken rice and 100% broken rice by about $5 per ton each to about $365 - $375
per ton and $355 - $365 per ton respectively. India and Pakistan rice sellers kept their quotes mostly unchanged.
5% Broken Rice
Thai 5% rice (of new crop) is quoted around $440 - $450 per ton, up about $25 per ton from yesterday and
about a $45 per ton premium over Viet 5% rice shown around $395 - $405 per ton. Thai 5% rice of the old crop
is shown around $370 - $380 per ton.
Indian 5% rice is quoted around $405 - $415 per ton, about a $15 per ton premium over Pak 5% rice quoted
around $390 - $400 per ton.
25% Broken Rice
Thai 25% rice (of new crop) is quoted about $385 - $395 per ton, about a $20 per ton premium over Viet 25%
rice shown around $365 - $375 per ton, down about $5 per ton from yesterday. Thai 25% rice of the old crop is
shown around $345 - $355 per ton.
Indian 25% rice is quoted about $360 - $370 per ton, about a $15 per ton premium over Pak 25% rice quoted
around $345 - $355 per ton.
Parboiled Rice
Thai parboiled rice of the old crop is quoted around $450 - $460 per ton.
Indian parboiled rice is quoted around $395 - $405 per ton, about a $25 per ton discount to Pak parboiled rice
quoted around $420 - $430 per ton.
100% Broken Rice
Thai broken rice, A1 Super (of new crop), of the old crop is quoted around $305 - $315 per ton, up about $5 per
ton from yesterday and about a $50 per ton discount to Viet broken rice shown around $355 - $365 per ton,
down about $5 per ton from yesterday.
Indian broken sortexed rice is quoted about $295 - $305 per ton, about a $20 per ton discount to Pak broken
sortexed rice quoted around $315 - $325 per ton.
Tags: Asia rice quotes, India rice quotes, Thailand rice quotes, Vietnam rice quotes, Pakistan rice quotes

Oryza Quick Glance at MDA Rice Crop Weather Update
Jan 15, 2014

Oryza shares some of MDA’s latest rice crop weather updates:
Few rain showers are expected in southwestern China this week.
Snowfalls are expected in Northern Japan this week.
Rain showers are likely to continue across northern India this week, which will slow harvesting.
Rain is expected in some parts of Indonesia this week, favoring the main crop.
Few rain showers are expected in central Vietnam this week, favoring harvest progress.

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Rain is expected to continue in the southern Philippines and northern Luzon this week, slowing harvesting.
Rain will favor northern Brazil this week, which will improve moisture for rice growth.
Rain showers are expected in Sothern Argentina and Southern Uruguay this week, improving moisture there.
Weather is expected to remain dry in U.S. this week.

For more complete weather information, contact: www.mdaus.com

Oryza Rice Currency Analysis for Today – Mexico Peso Down 0.9%
Jan 15, 2014

U.S. dollar index was up +0.43% from the open today, when it traded at 81.011 at the close.
Euro was weaker -0.54% today by the close, trading around 1.3606 by end of day, after trading between an
intraday high of 1.3681 and low of 1.3582.
Thai baht was weaker -0.27%, trading at 32.864 at the close of business.
Indian rupee was weaker -0.05% at 61.5462.
Brazilian real was -0.40% weaker than the open at today’s close, when it ended at 2.3594 reais per dollar.
Pakistan rupee was +0.40% stronger at 105.4275.
Vietnamese dong was -0.04% weaker, trading at 21090.
Mexican peso was -0.93% weaker today, when it traded at 13.2127 pesos per dollar by the close of business
today.
Chinese yuan was weaker -0.09%, trading at 6.0462.

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Argentine peso was +0.01% stronger, trading at 6.7086 pesos per dollar.
Tags: foreign exchange rates

Oryza U.S. Rough Rice Recap – Bids Generate LIttle Interest Ahead of Export Data
Jan 15, 2014

The U.S. cash market was fairly quiet today with most bids generating zero selling interest. The demand at
these levels hasn’t been material.
As of today, offers were unchanged near $15.55-$16.66 per fob farm (about $343-$367 per ton), depending on
where they are located in the U.S. mid-South, for January through March shipment.
Bids from larger mills increased back to around $15.15 per cwt (about $334 per ton) while bids from exporters
were unchanged around $15.15-$15.65 per cwt (about $334-$345 per ton), both for January through March
delivery. Smaller mills are said to be bidding around $16.00 per cwt (about $353 per ton) for delivery before
April.
Tags: U.S. rice prices, U.S. rice market

India Rice Stocks in Central Pool Stand at 29.85 Million Tons; Down 7% from Last
Year
Jan 15, 2014

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India’s rice stocks in the central pool stand at around 29.85 million tons (including milled equivalent of about
15.15 million tons of paddy rice) as of January 1, 2014, which is down about 7% from around 32.22 million
tons recorded on January 1, 2013, according to data from the Food Corporation of India (FCI).However, month
- on - month, India's rice stocks in central pool are up about 6% from about 28.19 million tons recorded on
December 1, 2013. Current rice stocks in India’s central pool are more than two times the required buffer and
strategic reserve norms of around 13.8 million tons of rice for this time of the year.According to the FCI, total
food grain stocks with India’s central pool have also declined to around 58.3 million tons as of January 1, 2014,
down about 13% from last year. Wheat stocks stand at around 28.05 million tons as of January 1, 2014, down
about 18% from last year.
Tags: India rice stocks

China Releases 2014 Tariff Rates for Rice

Jan 15, 2014

China’s State Council Duty Committee (SCDC) released its 2014 tariff rates for commodities including rice.
The rates are effective January 1, 2014. China also has preferential trade agreements with various countries.
For
more
information,
visit: http://www.gov.cn/zwgk/201312/16/content_2548712.htm or http://gain.fas.usda.gov/Recent%20GAIN%20Publications/China%27s%202014
%20Tariff%20Rate%20Adjustments%20for%20Agricultural%20Commodities_Beijing_China%20%20Peoples%20Republic%20of_1-13-2014.pdf
Tags: China rice imports, China’s State Council Duty Committee (SCDC)2014 tariff rate

Conab Announces Brazil Paddy Rice Auction Results

Cell # 92 321 369 2874

Jan 15, 2014

Brazil's state agency CONAB offered 94,694.13 tons of paddy from the 2008-09 crop year in four different
auctions on January 14, 2014 and sold about 85,185.766 tons (equivalent to about 90%) of paddy offered.In the
first auction, CONAB offered about 38,054.325 tons of paddy and sold about 37,114.225 tons paddy at an
average
price
of
about
697
reals
(about
$295)
per
ton.
In the second auction, it offered about 1,434.320 tons paddy and sold about 569.797 tons at an average price of
about 698 reals (about $266) per ton.In the third auction, CONAB offered about 37,908 tons of paddy and sold
about 36,492 tons of paddy at an average price of about 684 reals (about $290) per ton.In the fourth auction,
CONAB offered about 17,297.487 tons paddy and sold about 11,009.744 tons paddy at an average price of
about 683 reals (about $289) per ton.
Tags: Conab paddy rice auction

Thai Government Delays One Million Ton Rice Sale to China amid Legal Questions
over Government 'Caretaker' Powers
Jan 15, 2014

The caretaker government in Thailand has delayed the sale of one million tons of rice to China amid farmers'
protests and confusion over the powers bestowed to Thailand’s caretaker government. Funds needed to pay
farmers for paddy rice may be in jeopardy as the sale is put on hold, creating a negative feedback loop for
Thailand’s rice mortgage scheme and political stability. The caretaker Thailand Commerce Ministry has sought
permission of the Election Commission (EC) to sell rice to China, but the written response from the EC is vague
and has not specified the prices and periods of shipment, according to the Commerce Minister.
The minister added that the government agreed to ship one million tons of rice to China over a period of one
year, but the EC's response indicated that the caretaker government cannot make long-term commitments that
would affect the incoming government. The powers of the caretaker government are now trying to be sorted
out.The Commerce Minister said the hold on the sale should not affect payments to Thailand rice paddy farmers
as the government is waiting for approval from the EC for a 30 billion baht (around $3.96 billion) loan from the
Bank for Agriculture and Agricultural Cooperatives (BAAC) to pay for the 2013-14 harvest season. However,
if the loan falls short or falls though, the Thailand caretaker government may struggle to pay farmers and
maintain domestic stability.
Tags: thai rice mortgage scheme, Thailand political instability, Thailand rice sale to China, Chian rice imports

Conab Increases 2013-14 Paddy Rice Production Forecast to 12.35 Million Tons

Cell # 92 321 369 2874

Jan 15, 2014

Cell # 92 321 369 2874

Brazil’s paddy rice production in 2013-14 is expected to reach about 12.351 million tons, according to the latest
data by National Grains Supply Company (Conab), up about 1.1% from December’s forecast of about 12.22
million tons and up about 5% from last year's production of about 11.75 million tons. Most of the upward
revision to last month’s forecast is due to better expectations for both rice acreage and yield.The average paddy
yield in Brazil for 2013-14 is forecast to reach at about 5.08 tons per hectares, up about 0.6% from last month's
forecast of about 5.05 tons per hectares and up about 3.4% from about 4.91 ton per hectares estimated last year.
Meanwhile, Brazil's paddy acreage in 2013-14 is forecasted to reach about 2.432 million hectares, slightly
higher from last month's projection of about 2.421 million hectares and up about 2% from about 2.391 million
hectares in last year.
Tags: Conab, Brazil rice production

Conab to Auction 100,234 Tons of Brazil Paddy Rice January 22
Jan 15, 2014

Brazil’s Conab will auction 100,234.829 tons of paddy rice in four separate auctions for 25,635.565 tons;
3,395.269 tons; 45,889 tons; and 25,314.995 tons. The paddy is from previous crop years including 2008-09.
Tags: Conab paddy rice auction, brazil paddy rice

Can’t Buy Votes if You Can’t Pay Farmers: Political Turmoil in Thailand Simmers
Just Two Weeks before Elections
Jan 15, 2014

Thailand is scheduled to hold national elections on February 2 and disagreements about how the nations should
be governed are escalating. Political analysts say domestic unrest is likely to rise and a coup isn’t out of the
question. An explosion hit the Bangkok home of the leader of the main opposition Democrat party, though the
house was empty at the time and the device was said to be more like a firework than a bomb. The party head has
boycotted the February elections and has voiced support for street protesters.
Meanwhile, the Thai caretaker PM Yingluck is working in government offices outside the capital and has
rejected calls to step down, saying she seeks to uphold the democratic process. This week protesters have
marched up to several government ministries, demanding that government offices be closed down and
threatening to cut water and electricity to government officials’ homes if their demands aren’t met. It now
seems a growing number of Thais are taking action to essentially chase Thaksin's influence including his
―puppet‖ sister caretaker PM out of Thailand for good. The Pheu Thai Party tried to ―buy‖ Thais with programs
like the government rice scheme, but the government's inability to actually pay rice farmers for their paddy has
backfired. Local sources say this is the first time farmers haven’t received payment for paddy they’ve sold the
government.

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It’s estimated the government hasn’t paid farmers for about 10 million tons of paddy. Meanwhile, the program
is estimated to cost the government the equivalent of about 2.5% Thailand’s GDP, or about 300 billion baht
(about $9.2billion) a year, as the government is paying twice the market rate for paddy rice and has been unable
to sell the rice fast enough. Thailand’s National Anti- Corruption Commission (NACC) will tomorrow bring
formal charges against suspects – including politicians and government officials - allegedly involved in
corruption related to the rice mortgage scheme. If Yingluck is indicted she may have to stop acting as caretaker
PM.
Tags: Pheu Thai Party, Thailand rice mortgage scheme, Thailand political unrest

Oryza Quick Glance at World News
Jan 15, 2014

Financial Times –
*An abrupt unwinding of central bank support for advanced world economies could cause capital flows to
emerging markets to contract by as much as 80%, inflicting significant economic damage and throwing some
countries into crises, the World Bank has warned.
*Wells Fargo has convened a group of finance executives, virtual currency experts, and representatives from the
U.S. government to discuss ―rules of engagement‖ with Bitcoin, amid concern about the money laundering risks
of the new currency.
*François Hollande launched a bid to revitalize Europe’s second-largest economy and rescue his faltering
presidency by promising a landmark €30 billion payroll tax cut for French companies.
*Moscow is set to lend Budapest €10 billion ($13.7 billion) to finance two Russian-built reactors at Hungary’s
only nuclear power plant, in the latest in a series of Russian moves to use its energy and financial clout to
restore influence in eastern Europe.
*U.S. President Barack Obama has summoned Senate Democrats to the White House for a rare meeting on
Wednesday as he seeks to head off a congressional rebellion that he fears could undermine his efforts at
diplomacy with Iran.
*A U.S. court ruled on Tuesday that the Federal Communications Commission over-reached its powers in
imposing ―net neutrality‖ rules on internet service providers, restricting their ability to offer preferential access
to internet content companies willing to pay for higher speed or higher quality access.
*Thai opposition protesters marched on government ministries around Bangkok on Tuesday, as their leader
threatened to detain the prime minister in a campaign to derail elections and suspend parliamentary rule in
Southeast Asia’s second-largest economy.
*Facebook has signed a deal with Yandex to allow Russia’s largest online search engine to display public data
from Facebook users in a deal to strengthen the Russian company in the face of the growing dominance of
social media. The data include users’ public posts and other users’ comments on them, but not posts Facebook
users mark as private.
Wall Street Journal-

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*Hungary has room to lower its interest rates further as the country's economic recovery remains fragile,
inflation is still low and the prospect of less stimulus from the U.S. Federal Reserve no longer poses a threat, a
member of the central bank's rate-setting council said.
*Thailand's stock exchange moved some personnel Wednesday from its main building to a shopping mall
following threats to seize the premises by antigovernment protesters who have tried to shut down areas of
central Bangkok.
*India’s wholesale price index, main inflation gauge, rose 6.16% on year, slower than November's 7.52%
increase, according to data issued on Wednesday by the Ministry of Commerce and Industry. This was the
lowest reading since July and well below market expectations for a 6.9% increase, according to the median
estimate in a poll of 17 economists by The Wall Street Journal.
*South Korean President Park Geun-hye arrives in India Wednesday on a four-day state visit during which she's
expected to push Korea's nuclear plant technology even while the country wants to ratchet back on nuclear
power at home.
*Vietnam is planning initial public offerings for the country's largest state-owned enterprises in 2014, as the
government seeks to restructure and open parts of the economy to foreign investors.
*European intelligence agencies secretly met with Syrian President Bashar al-Assad's delegates to share
information on European extremists operating in Syria, Western and Middle Eastern officials said, the first
known encounters since withdrawing their ambassadors.
*Diplomatic tensions between Israel and the U.S. boiled over on Tuesday after Israel's defense minister was
quoted in a newspaper as calling Secretary of State John Kerry obsessive and messianic in his pursuit of an
Israeli-Palestinian peace deal.
*South Sudan's army retook a strategic oil town Tuesday after a rebel incursion sent thousands fleeing and
imperiled crude output in sub-Saharan Africa's third-largest oil producer.
New York Times*The National Security Agency has implanted software in nearly 100,000 computers around the world that
allows the U.S. to conduct surveillance on those machines and can also create a digital highway for launching
cyber attacks.
*The World Bank’s economists expect growth over all to increase from 2.4% last year to 3.2% in 2014, and to
maintain that level for the next two years.
*Kuwait's emir says the Gulf nation is pledging $500m to alleviate the suffering of Syrians affected by the
country's civil war.
*Official data show that the German economy, Europe's biggest, grew by 0.4% in 2013 — slowing compared
with the previous year and falling slightly short of economists' expectations.
*According to latest data, China’s money supply, broadly measured, has now tripled the money sloshing around
its economy since the end of 2006. That dwarfs the indirect effects of quantitative easing in the U.S., where the
broadly measured money supply rose only 55% from 2006 through the end of November.
*India's telecommunications spectrum auction due to start on February 3 will proceed as scheduled, Telecoms
Secretary M.F. Farooqui said on Wednesday. The deadline for companies to submit interest to participate in the
auction is Wednesday, but the government is yet to take a decision on a proposal to reduce the annual fee
carriers pay for using airwaves.
*World sea piracy fell for a third straight year in 2013, as Somali pirates were curbed by international naval
patrols and improved ship vigilance, an international maritime watchdog said Wednesday.

Cell # 92 321 369 2874

*An official says three members of the security forces and two militants were killed in an ongoing shootout in
the volatile Russian region of Dagestan, about 550 kilometers (340 miles) from Sochi, which will host the
Winter Olympic Games from February 7-23.
Tags:World news

Oryza Global Rice Quotes
January 15th, 2014
Long grain white rice - high quality
Thailand 100% B grade
450-460
↑
Vietnam 5% broken 395-405
↔
India 5% broken
405-415
↔
Pakistan 5% broken 390-400
↔
Cambodia 5% broken 455-465
↔
U.S. 4% broken
585-595
↔
Uruguay 5% broken 625-635
↔
Argentina 5% broken 625-635
↔
Long grain white rice - low quality
Thailand 25% broken 385-395
↔
Vietnam 25% broken 365-375
↓
Pakistan 25% broken 345-355
↔
Cambodia 25% broken
430-440
↔
India 25% broken
360-370
↔
U.S. 15% broken
565-575
↔
Long grain parboiled rice
Thailand parboiled 100% stxd
450-460
Pakistan parboiled 5% broken stxd 420-430
India parboiled 5% broken stxd
395-405
U.S. parboiled 4% broken
660-670
↔
Brazil parboiled 5% broken 590-600
↔
Uruguay parboiled 5% broken
NQ ↔
Long grain fragrant rice
Thailand Hommali 92%
945-955
↔
Vietnam Jasmine
560-570
↔
India basmati 2% broken
1515 -1525 ↔
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Malis 900-910
↔

↔
↔
↔

Cell # 92 321 369 2874

Brokens
Thailand A1 Super
305-315
↑
Vietnam 100% broken
355-365
Pakistan 100% broken stxd 315-325
Cambodia A1 Super 375-385
↔
India 100% Broken stxd
295-305
Egypt medium grain brokens NQ ↔
U.S. pet food 470-480
↔
Brazil half grain
345-355
↔
Medium grain milled
U.S. Calrose 4% broken
620-630
Egypt medium grain 6%
NQ ↔

↓
↔
↔

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

For Advertising SPECS & RATES
Contact: Advertising Department
Mujahid Ali
mujahid.riceplus@gmail.com
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Brazil Paddy Rice Auction Results

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