18th december,2013 daily oryza rice e newsletter by riceplus magazine

18TH December , 2013

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TOP Contents - Tailored for YOU
Latest News Headlines…
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Thailand, Vietnam Rice Sellers Lower Their Quotes Today; Other Asia Rice Quotes Unchanged
European Rice Producing Nations Bemoan Imports
Thailand Should Burn Rotten Rice and Scrap Mortgage Scheme, Advises Thailand Development
Research Institute
Philippine Rice Farmers Receive First Emergency Seeds Following Typhoon, Says FAO
Oryza Afternoon Recap – Chicago Rough Rice Futures Settle Lower as Prices Dip Below Nearby
Technical Support
Oryza U.S. Rough Rice Recap – Lack of Fresh Demand Keeps Buyers Sidelined, Despite Weaker Offers
Oryza Quick Glance at World News
Oryza Global Rice Quotes

Cell # 92 321 369 2874

NEWS DETAILS:
Thailand, Vietnam Rice Sellers Lower Their Quotes Today; Other Asia Rice Quotes
Unchanged
Dec 17, 2013

Thailand rice sellers lowered their quotes for A1 super rice by about $5 per ton to about $305 - $315 per ton
today. Vietnam rice sellers lowered most of their quotes by about $5 per ton. Other Asia rice sellers kept their
quotes unchanged.
5% Broken Rice
Thai 5% rice is quoted around $385 - $395 per ton, about a $30 per ton discount to Viet 5% rice shown around
$415 - $425 per ton, down about $5 per ton from yesterday.
Indian 5% rice is quoted around $405 - $415 per ton, about a $25 per ton premium over Pak 5% rice quoted
around $380 - $390 per ton.
25% Broken Rice
Thai 25% rice is quoted about $360 - $370 per ton, about a $30 per ton discount to Viet 25% rice shown around
$390 - $400 per ton, down about $5 per ton from yesterday.
Indian 25% rice is quoted about $370 - $380 per ton, about a $30 per ton premium over Pak 25% rice quoted
around $340 - $350 per ton.
Parboiled Rice
Thai parboiled rice is quoted around $450 - $460 per ton.
Indian parboiled rice is quoted around $395 - $405 per ton, about a $30 per ton discount to Pak parboiled rice
quoted around $425 - $435 per ton.
100% Broken Rice
Thai broken rice, A1 Super, is quoted around $305 - $315 per ton, down about $5 per ton from yesterday and
about a $65 per ton discount to Viet broken rice shown around $370 - $380 per ton, down about $5 per ton from
yesterday.
Indian broken sortexed rice is quoted about $305 - $315 per ton, about a $20 per ton discount to Pak broken
sortexed rice quoted around $325 - $335 per ton.
Tags: Asia rice quotes, Thailand rice quotes, Vietnam rice quotes, India rice quotes, Pakistan rice quotes

Cell # 92 321 369 2874

European Rice Producing Nations Bemoan Imports
Dec 17, 2013

Speaking at a meeting on
Agriculture and Fisheries
held by the Council of the
European
Union,
December
16-17
in
Brussels,
the
Italian
delegation - supported by
Bulgaria, Greece, Spain,
France, and Portugal noted the EU rice sector is
facing
increased
competition from rice
imports,
from
Least
Developed
Countries
(LDCs)
and
other
countries with which the
EU
has
trade
agreements.
Both
Cambodia and Myanmar
as LDCs and thus enjoy
duty free exports to the
EU. The Italian delegation said that EU rice area has been in decline; USDA data (above) seems to suggest a
decline in very recent years but imports appear little changed.
Tags: EU rice imports

Thailand Should Burn Rotten Rice and Scrap Mortgage Scheme, Advises Thailand
Development Research Institute
Dec 17, 2013

The Thailand Development Research Institute (TDRI) has proposed that the new Thai government make law
requiring millers to burn rotten rice, “in order to prevent corruption in the [rice mortgage] scheme,” according
to the Thai National News Bureau. The TDRI also advised the new government should scrap the rice mortgage
scheme, but do it gradually to avoid a plunge in rice prices.

Cell # 92 321 369 2874

Tags: Thailand rice mortgage scheme

Philippine Rice Farmers Receive First Emergency Seeds Following Typhoon, Says
FAO
Dec 17, 2013

Philippine rice farmers received their first emergency seeds following the typhoon that hit November 8, as the
nation’s second rice crop was being planted. The rice seed, along with corn seed, was delivered by FAO and
the Philippines Department of Agriculture. If all goes well, the crop will be ready for harvest MarchApril.Farmers in the heaviest hit areas receive about 40 kilograms of seeds each along with 50 kilograms of
fertilizer and some small irrigation pumps. The seeds provided are expected to make up for a significant
amount of the acreage damaged by the typhoon.
Tags: Philippines Rice Production, Typhoon Haiyan, FAO, Department of Agriculture Philippines

Oryza Afternoon Recap – Chicago Rough Rice Futures Settle Lower as Prices Dip
Below Nearby Technical Support
Dec 17, 2013

Chicago rough rice futures for January delivery settled 6.5 cents per cwt (about $1 per ton) lower at $15.485 per
cwt (about $341 per ton). Rough rice futures were lower today as firm spread activity in the morning gave away
to an uptick in outright selling interest which ultimately moved prices back below the 50-day moving average.
Toda’s selling pressure was likely technically motivated as there is little in the way of physical transactions
taking place to support the market, as is usual at this time of the year.
The other grains were mostly higher today; soybeans finished the day about 0.7% higher at $13.4650 per
bushel; wheat finished about 0.3% lower at $6.2075 per bushel; and corn finished the day about 0.8% higher at
$4.2775 per bushel.U.S. stocks erased the bulk of Tuesday's losses to turn to near unchanged as Wall Street
braces to hear whether the Federal Reserve will begin reducing its monthly asset purchases in 2013.
After initial wavering, the Dow Jones Industrial Average slid. The S&P 500 fell, with health care and
telecommunications the leading laggards and industrials and technology faring best among its 10 major sectors.
The Nasdaq also lost ground. The S&P 500 rose on Monday, rebounding after a four-session decline, as
investors fixated on whether ongoing signs that the economy is improving would convince the Fed to reduce its
$85 billion in monthly bond purchases as early as Wednesday. Tuesday's economic reports had the Labor
Department reporting core prices, excluding food and energy, rose 0.2% in November, with the inflation data
coming as the Federal Open Market Committee starts a two-day session. U.S. stock markets are currently
trading about 0.1% lower, gold is trading about 1.3% lower, crude oil is seen trading about 0.2% lower, and the
U.S. dollar is seen trading about 0.1% lower at about 2:00pm Chicago time.Turning to the daily continuation
chart of Chicago rough rice futures for January delivery, prices slipped further today as early morning support
provided by January/March spread activity gave way to an uptick in outright selling interest in the second half
of the session. Today’s move saw prices dip back below the 50-day moving average which was noted at
$15.545 per cwt (about $343 per ton).

Cell # 92 321 369 2874

Technically the market remains in bearish territory and the negative slope of the faster 10-day and 20-day
moving averages confirms the short term trend of lower prices. However, nearby support is noted at $15.435 per
cwt (about $340 per ton) provided by the recent low put in place last Thursday and which has acted as the lower
boundary of a multi-week sideways trading range. Today’s price range is noted as $15.480-$15.675 per cwt
(about $341-$346 per ton).Monday, there were 2,477 contracts traded, up from 1,339 contracts traded on
Friday. Open interest – the number of contracts outstanding – on Monday increased by 32 contracts to 7,559.
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market

Oryza U.S. Rough Rice Recap – Lack of Fresh Demand Keeps Buyers Sidelined,
Despite Weaker Offers
Dec 17, 2013

The U.S. cash market was silent today as a lack of fresh demand kept buyers sidelined despite a slight decrease
in offers for prompt shipment.As of today, offers decreased slightly to around $15.55-$16.66 per fob farm
(about $343-$367 per ton), depending on where they are located in the U.S. mid-South and how quickly they
could ship.Bids from larger mills could still be found near $15.00 per cwt (about $331 per ton) while bids from
exporters were unchanged near $15.25 per cwt (about $336 per ton), both for December through January
delivery, and despite reports of smaller mills bidding as much as $16.00 per cwt (about $353 per ton) for
prompt delivery no trades were reported.
Tags: U.S. rice prices, U.S. rice market

Oryza Quick Glance at World News
Dec 17, 2013

Financial Times –
*The chief accountant for China National Petroleum Corp has been “summoned to assist in an investigation”
into high-level corruption, according to Chinese news reports, in an apparent widening of a probe into Asia’s
largest energy company.
*Lawyers for BP attempted to mislead the appeals court hearing the company’s legal battle over compensation
for the 2010 Deepwater Horizon disaster, lawyers representing claimants has alleged.
*U.S. crude oil production will come close to its record highs in just three years time as the shale boom sends
output soaring, according to the government’s EIA. The EIA said on Monday that it had revised sharply higher
its estimates of future U.S. crude output to about 9.5 million barrels a day in 2016.
*Mario Draghi heaped pressure on Europe’s finance ministers over banking union on Monday, saying the
project risks becoming “very messy” unless the system is better funded and less bureaucratic.
*Russia signaled on Monday that it was ready to offer loans to help bail out Ukraine’s struggling economy, as
the two countries’ presidents prepared for talks.
*GlaxoSmithKline is to scrap individual sales targets for its commercial staff as it seeks to repair its image and
reform working practices in the wake of allegations in China that its staff paid officials up to $500 million in
bribes.

Cell # 92 321 369 2874

*The National Security Agency’s surveillance methods have suffered a significant legal setback after a federal
judge ruled on Monday that a programme that collects bulk phone records was likely to be unconstitutional. In
an often-scathing ruling about the activities of the NSA, the court said the programme to collect the phone
records of most Americans was based on “almost-Orwellian technology” and presented a clear breach of the
Fourth Amendment protection against “unlawful search and seizure.”
*JPMorgan Chase has put up for sale its Global Special Opportunities Group, an Asia-based principal
investment business, for a valuation likely to be more than $1 billion.
Wall Street Journal*U.S. Secretary of State John Kerry pledged Monday to boost trade and security ties with Vietnam while urging
the Southeast Asian country to make more progress on human rights issues.
*Australia's conservative government forecast a 47 billion Australian dollar (US$42.3 billion) budget shortfall
this fiscal year, in its first economic update since winning elections three months ago. The budget shortfall,
equal to 3% of national output, widened by more than 50% on Treasury's pre-election projection of A$30.1bn.
*Singapore's key non-oil exports posted a surprise fall in November dragged down by weak demand from
Europe and providing further evidence that the global recovery is not yet filtering through to Asia. Exports of
goods made in Singapore fell 8.8% on-year in November after rising 2.8% in October, the trade promotion
agency International Enterprise Singapore said Tuesday.
*China scooped up more U.S. Treasury debt in October than any other foreign investor, a sign that the
government shutdown and threat of default that month did not diminish the market's status as a global haven.
China boosted its holdings by $10.7 billion in October to $1.3045 trillion, according to the latest monthly data
released by the Treasury Department on Monday.
*U.S. officials said they have communicated concerns to Russia that its deployment of nuclear-capable missiles
in its Baltic Sea exclave of Kaliningrad would have a destabilizing effect on the region bordering Europe.
*The Commodity Futures Trading Commission is moving to force overseas financial firms to comply with
certain U.S. rules, according to an official familiar with the process, a move likely to stoke criticism the U.S. is
bidding to become the de facto global financial regulator.
*The EU gave a push to Israeli-Palestinian peace talks on Monday, pledging unprecedented aid to the two sides
if they reach agreement on their final status.
*German Chancellor Angela Merkel promised "solid financing, secure prosperity, and social security" as she
signed on Monday the 185-page program her coalition government will seek to implement over the next four
years.
New York Times*U.S. President Obama will meet executives from leading technology companies like Google and Apple on
Tuesday to discuss ways to improve the federal health care exchange website, the White House said.
*Soldiers loyal to the former vice president of South Sudan tried to overthrow the government, President Salva
Kiir said Monday, continuing the political tension that has hung over the fledgling country for months.
*U.S. Secretary of State John Kerry is in the Philippines on Tuesday, seeking to modernize economic and
political ties with one of America's oldest allies in South East Asia. Kerry's two-day visit takes him to the
capital, Manila, for talks with government officials and the business community.
*China's investment in Britain's 16 billion pound Hinkley Point project is its first foray into Europe's nuclear
power market and a marker of its global ambitions, but its firms will depend on foreign partners if they are to
fulfill them.

Cell # 92 321 369 2874

*Mexico President Enrique Pena Nieto said on Monday he would soon enact a sweeping overhaul of Mexico's
ailing energy sector, which is aimed at boosting growth in Latin America's No. 2 economy.
*USEC, the sole American company in the uranium enrichment business, said Monday that it would file for
bankruptcy early next year, although it hopes to keep operating.
Financial Times –
*The chief accountant for China National Petroleum Corp has been “summoned to assist in an investigation”
into high-level corruption, according to Chinese news reports, in an apparent widening of a probe into Asia’s
largest energy company.
*Lawyers for BP attempted to mislead the appeals court hearing the company’s legal battle over compensation
for the 2010 Deepwater Horizon disaster, lawyers representing claimants has alleged.
*U.S. crude oil production will come close to its record highs in just three years time as the shale boom sends
output soaring, according to the government’s EIA. The EIA said on Monday that it had revised sharply higher
its estimates of future U.S. crude output to about 9.5 million barrels a day in 2016.
*Mario Draghi heaped pressure on Europe’s finance ministers over banking union on Monday, saying the
project risks becoming “very messy” unless the system is better funded and less bureaucratic.
*Russia signaled on Monday that it was ready to offer loans to help bail out Ukraine’s struggling economy, as
the two countries’ presidents prepared for talks.
*GlaxoSmithKline is to scrap individual sales targets for its commercial staff as it seeks to repair its image and
reform working practices in the wake of allegations in China that its staff paid officials up to $500 million in
bribes.
*The National Security Agency’s surveillance methods have suffered a significant legal setback after a federal
judge ruled on Monday that a programme that collects bulk phone records was likely to be unconstitutional. In
an often-scathing ruling about the activities of the NSA, the court said the programme to collect the phone
records of most Americans was based on “almost-Orwellian technology” and presented a clear breach of the
Fourth Amendment protection against “unlawful search and seizure.”
*JPMorgan Chase has put up for sale its Global Special Opportunities Group, an Asia-based principal
investment business, for a valuation likely to be more than $1 billion.
Wall Street Journal*U.S. Secretary of State John Kerry pledged Monday to boost trade and security ties with Vietnam while urging
the Southeast Asian country to make more progress on human rights issues.
*Australia's conservative government forecast a 47 billion Australian dollar (US$42.3 billion) budget shortfall
this fiscal year, in its first economic update since winning elections three months ago. The budget shortfall,
equal to 3% of national output, widened by more than 50% on Treasury's pre-election projection of A$30.1bn.
*Singapore's key non-oil exports posted a surprise fall in November dragged down by weak demand from
Europe and providing further evidence that the global recovery is not yet filtering through to Asia. Exports of
goods made in Singapore fell 8.8% on-year in November after rising 2.8% in October, the trade promotion
agency International Enterprise Singapore said Tuesday.
*China scooped up more U.S. Treasury debt in October than any other foreign investor, a sign that the
government shutdown and threat of default that month did not diminish the market's status as a global haven.
China boosted its holdings by $10.7 billion in October to $1.3045 trillion, according to the latest monthly data
released by the Treasury Department on Monday.

Cell # 92 321 369 2874

*U.S. officials said they have communicated concerns to Russia that its deployment of nuclear-capable missiles
in its Baltic Sea exclave of Kaliningrad would have a destabilizing effect on the region bordering Europe.
*The Commodity Futures Trading Commission is moving to force overseas financial firms to comply with
certain U.S. rules, according to an official familiar with the process, a move likely to stoke criticism the U.S. is
bidding to become the de facto global financial regulator.
*The EU gave a push to Israeli-Palestinian peace talks on Monday, pledging unprecedented aid to the two sides
if they reach agreement on their final status.
*German Chancellor Angela Merkel promised "solid financing, secure prosperity, and social security" as she
signed on Monday the 185-page program her coalition government will seek to implement over the next four
years.
New York Times*U.S. President Obama will meet executives from leading technology companies like Google and Apple on
Tuesday to discuss ways to improve the federal health care exchange website, the White House said.
*Soldiers loyal to the former vice president of South Sudan tried to overthrow the government, President Salva
Kiir said Monday, continuing the political tension that has hung over the fledgling country for months.
*U.S. Secretary of State John Kerry is in the Philippines on Tuesday, seeking to modernize economic and
political ties with one of America's oldest allies in South East Asia. Kerry's two-day visit takes him to the
capital, Manila, for talks with government officials and the business community.
*China's investment in Britain's 16 billion pound Hinkley Point project is its first foray into Europe's nuclear
power market and a marker of its global ambitions, but its firms will depend on foreign partners if they are to
fulfill them.
*Mexico President Enrique Pena Nieto said on Monday he would soon enact a sweeping overhaul of Mexico's
ailing energy sector, which is aimed at boosting growth in Latin America's No. 2 economy.
*USEC, the sole American company in the uranium enrichment business, said Monday that it would file for
bankruptcy early next year, although it hopes to keep operating.
Tags: World news

Oryza Global Rice Quotes
December 17th, 2013
Long grain white rice - high quality
Thailand 100% B grade
395-405
Vietnam 5% broken 415-425
↓
India 5% broken
405-415
↔
Pakistan 5% broken 380-390
↔
Cambodia 5% broken 455-465
↔
U.S. 4% broken
585-595
↔
Uruguay 5% broken 625-635
↔

↔

Cell # 92 321 369 2874

Argentina 5% broken 625-635

↔

Long grain white rice - low quality
Thailand 25% broken 360-370
↔
Vietnam 25% broken 390-400
↓
Pakistan 25% broken 340-350
↔
Cambodia 25% broken
430-440
India 25% broken
370-380
↔
U.S. 15% broken
565-575
↔

↔

Long grain parboiled rice
Thailand parboiled 100% stxd
450-460
Pakistan parboiled 5% broken stxd 425-435
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%
965-975
↔
Vietnam Jasmine
610-620
↓
India basmati 2% broken
1515 -1525 ↔
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Malis 905-915
↔
Brokens
Thailand A1 Super
305-315
↓
Vietnam 100% broken
370-380
Pakistan 100% broken stxd 325-335
Cambodia A1 Super 380-390
↔
India 100% Broken stxd
305-315
Egypt medium grain brokens NQ ↔
U.S. pet food 390-400
↔
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

Cell # 92 321 369 2874

18th december,2013 daily oryza rice e newsletter by riceplus magazine

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18th december,2013 daily oryza rice e newsletter by riceplus magazine