Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
December 13, 2013,daily oryza news shared by riceplus magazine
1. December 13, 2013
Share developments
in rice
and allied sectors
Promote the Concept of
Knowledge Economy
Dear Sir/Madam,
YOUR IDEA has a great worth---JUST share it
through RICE PLUS
1000+ stakeholders of rice industry read &
apply various ideas and analysis written by the
authors.
Be the part of Rice plus authors
www.ricepluss.com,www.publishpk.net
Contact mujahid.riceplus@gmail.com
riceplus@irp.edu.pk
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com
Cell # 92 321 369 2874
2. TOP Contents - Tailored for YOU
Oryza Quick Glance at World News
Dec 12, 2013
Financial Times
*Natural gas will overtake coal as a global energy source in the middle of the next decade, in part because of the
environmental benefits it offers, according to ExxonMobil, the world’s largest oil and gas company.
*The White House is considering Stanley Fischer for vice-chair of the U.S. Federal Reserve in a move that
would add one of the world’s most respected economists to the central bank under new head Janet Yellen.
*Ukraine’s pro-EU demonstrators intensified their standoff against President Viktor Yanukovich on
Wednesday, streaming on to the capital’s main square by the thousands as their leaders contemplated entering
into negotiations with the president.
*John Kerry, U.S. secretary of state, will arrive in Israel on Thursday in his latest effort to push forward peace
talks, now fixated on security arrangements for a future Palestinian state.
*Peter Praet, an ECB executive board member has signaled it will try to force euro zone banks to hold capital
against sovereign bonds, in an attempt to stop weak lenders using its cash to hoover up the debts of crisis-hit
countries.
*Jamie Dimon, chief executive of JPMorgan Chase, signaled the bank planned to pay penalties over allegations
that it failed to notify U.S. authorities that it was worried Bernard Madoff was running a Ponzi scheme.
*Lloyds Banking Group and Royal Bank of Scotland were hit with a combined £90 million of fines from
regulators in the U.K. and U.S. on Wednesday as another round of past misdeeds came back to haunt Britain’s
state-backed banks.
*Gorgon, the world’s largest liquefied natural gas development, has slipped further behind schedule and over
budget, admitted Chevron, the oil and gas company leading the Australian project. The plants expected cost,
which was estimated at $37 billion when it was launched in 2009, was raised to $52 billion last year, and has
now been increased again to $54 billion.
Wall Street Journal-
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com
Cell # 92 321 369 2874
3. *Exxon Mobil Corporation, the nation's largest energy producer, is calling for the U.S. to lift restrictions on
exporting domestic oil that date back to the Arab oil embargo of 1973. The Irving, Texas, company's public
support for crude exports comes as it forecasts decades of abundant supplies of petroleum in the U.S. and
elsewhere as well as increasing global demand for oil, according to its annual energy outlook set to be released
on Thursday.
*U.S. House Republican leaders threw their weight behind a two-year budget deal, planning to bring it to a vote
Thursday as opposition in both parties failed to gain enough traction to threaten passage. Meanwhile few
lawmakers expressed enthusiasm for the narrowly focused agreement reached by House Budget Chairman Paul
Ryan (R., Wis.) and his Senate counterpart, Budget Chairman Patty Murray (D., Wash.), to ease the effect of
across-the-board spending cuts known as the sequester.
*The U.S.'s top general warned that without an enduring presence of American troops, Afghanistan risks once
again becoming a haven for international terrorism—undoing the achievements of the 12-year war.
*Iran's recently appointed nonresident envoy to Britain will make his inaugural visit to London Thursday and
Friday, the U.K. government said Wednesday.
*The visit by Mohammad Hassan Habibollahzadeh, Iran's nonresident chargé d'affaires, marks the next step in
efforts to mend diplomatic relations between the two nations that were broken when Britain's embassy in
Tehran was overrun by protesters two years ago.
*European lawmakers approved the appointment of Daniele Nouy as the euro zone's top banking supervisor on
Wednesday, a new role charged with overseeing the biggest financial institutions in the currency bloc and
leading a cleanup of the region's financial sector.
*India's Supreme Court on Wednesday overturned a lower court's ruling that had decriminalized gay sex, a
surprise setback for the gay-rights movement in this largely conservative country.
*The balance of power in Pakistan is set to shift on Thursday as the assertive chief justice who ousted an elected
prime minister retires after stormy eight-year tenure. The change in the judiciary is likely to bolster the elected
government's authority over its two often more powerful rivals: the military and the courts.
New York Times*An explosion struck within meters of the entrance to the U.S. embassy in the Afghan capital, Kabul, early on
Thursday, police and witnesses said.
*Former Thai Prime Minister Abhisit Vejjajiva has been formally charged with murder in connection with the
2010 deaths of protesters killed during a crackdown on anti-government demonstrators, amid weeks of renewed
protests.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com
Cell # 92 321 369 2874
4. *A Seoul court rejected Samsung's claim that iPhone and iPad models violated three of its patents, another
setback for the South Korean electronics giant in a global battle with Apple over rights to technologies that
power smartphones and tablets.
*An aircraft fleet owned by Google's founders and former CEO received improper discounts on jet fuel that
saved the three billionaires up to $5.3 million dating back to depths of the Great Recession in 2009, according
to a government report released Wednesday.
*Europe, long a scapegoat for weak earnings at U.S. multinational companies, is now looking like a more
dependable source of profits, and that could make some stocks that have lagged this year's rally more enticing to
investors.
*The number of people selecting health insurance plans in the federal and state marketplaces increased last
month at a brisk pace, bringing the overall figure to nearly 365,000, the Obama administration said on
Wednesday. The November number was more than double the one for October, but still well below the
administration’s goal.
Financial Times –
*Natural gas will overtake coal as a global energy source in the middle of the next decade, in part because of the
environmental benefits it offers, according to ExxonMobil, the world’s largest oil and gas company.
*The White House is considering Stanley Fischer for vice-chair of the U.S. Federal Reserve in a move that
would add one of the world’s most respected economists to the central bank under new head Janet Yellen.
*Ukraine’s pro-EU demonstrators intensified their standoff against President Viktor Yanukovich on
Wednesday, streaming on to the capital’s main square by the thousands as their leaders contemplated entering
into negotiations with the president.
*John Kerry, U.S. secretary of state, will arrive in Israel on Thursday in his latest effort to push forward peace
talks, now fixated on security arrangements for a future Palestinian state.
*Peter Praet, an ECB executive board member has signaled it will try to force euro zone banks to hold capital
against sovereign bonds, in an attempt to stop weak lenders using its cash to hoover up the debts of crisis-hit
countries.
*Jamie Dimon, chief executive of JPMorgan Chase, signaled the bank planned to pay penalties over allegations
that it failed to notify U.S. authorities that it was worried Bernard Madoff was running a Ponzi scheme.
*Lloyds Banking Group and Royal Bank of Scotland were hit with a combined £90 million of fines from
regulators in the U.K. and U.S. on Wednesday as another round of past misdeeds came back to haunt Britain’s
state-backed banks.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com
Cell # 92 321 369 2874
5. *Gorgon, the world’s largest liquefied natural gas development, has slipped further behind schedule and over
budget, admitted Chevron, the oil and gas company leading the Australian project. The plants expected cost,
which was estimated at $37 billion when it was launched in 2009, was raised to $52 billion last year, and has
now been increased again to $54 billion.
Wall Street Journal*Exxon Mobil Corporation, the nation's largest energy producer, is calling for the U.S. to lift restrictions on
exporting domestic oil that date back to the Arab oil embargo of 1973. The Irving, Texas, company's public
support for crude exports comes as it forecasts decades of abundant supplies of petroleum in the U.S. and
elsewhere as well as increasing global demand for oil, according to its annual energy outlook set to be released
on Thursday.
*U.S. House Republican leaders threw their weight behind a two-year budget deal, planning to bring it to a vote
Thursday as opposition in both parties failed to gain enough traction to threaten passage. Meanwhile few
lawmakers expressed enthusiasm for the narrowly focused agreement reached by House Budget Chairman Paul
Ryan (R., Wis.) and his Senate counterpart, Budget Chairman Patty Murray (D., Wash.), to ease the effect of
across-the-board spending cuts known as the sequester.
*The U.S.'s top general warned that without an enduring presence of American troops, Afghanistan risks once
again becoming a haven for international terrorism—undoing the achievements of the 12-year war.
*Iran's recently appointed nonresident envoy to Britain will make his inaugural visit to London Thursday and
Friday, the U.K. government said Wednesday.
*The visit by Mohammad Hassan Habibollahzadeh, Iran's nonresident chargé d'affaires, marks the next step in
efforts to mend diplomatic relations between the two nations that were broken when Britain's embassy in
Tehran was overrun by protesters two years ago.
*European lawmakers approved the appointment of Daniele Nouy as the euro zone's top banking supervisor on
Wednesday, a new role charged with overseeing the biggest financial institutions in the currency bloc and
leading a cleanup of the region's financial sector.
*India's Supreme Court on Wednesday overturned a lower court's ruling that had decriminalized gay sex, a
surprise setback for the gay-rights movement in this largely conservative country.
*The balance of power in Pakistan is set to shift on Thursday as the assertive chief justice who ousted an elected
prime minister retires after stormy eight-year tenure. The change in the judiciary is likely to bolster the elected
government's authority over its two often more powerful rivals: the military and the courts.
New York Times-
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com
Cell # 92 321 369 2874
6. *An explosion struck within meters of the entrance to the U.S. embassy in the Afghan capital, Kabul, early on
Thursday, police and witnesses said.
*Former Thai Prime Minister Abhisit Vejjajiva has been formally charged with murder in connection with the
2010 deaths of protesters killed during a crackdown on anti-government demonstrators, amid weeks of renewed
protests.
*A Seoul court rejected Samsung's claim that iPhone and iPad models violated three of its patents, another
setback for the South Korean electronics giant in a global battle with Apple over rights to technologies that
power smartphones and tablets.
*An aircraft fleet owned by Google's founders and former CEO received improper discounts on jet fuel that
saved the three billionaires up to $5.3 million dating back to depths of the Great Recession in 2009, according
to a government report released Wednesday.
*Europe, long a scapegoat for weak earnings at U.S. multinational companies, is now looking like a more
dependable source of profits, and that could make some stocks that have lagged this year's rally more enticing to
investors.
*The number of people selecting health insurance plans in the federal and state marketplaces increased last
month at a brisk pace, bringing the overall figure to nearly 365,000, the Obama administration said on
Wednesday. The November number was more than double the one for October, but still well below the
administration’s goal.
Tags:Global News
Oryza Overnight Recap – Chicago Rough Rice Futures Unchanged Overnight;
Grains Noted Mostly Higher Ahead of Floor Open
Dec 12, 2013
Chicago rough rice futures for January delivery are currently paused unchanged at $15.475 per cwt (about $341
per ton) as of 8:00am Chicago time. The other grains are mostly higher this morning ahead of floor trading in
Chicago: soybeans are currently seen about 0.1% higher, wheat is seen about 0.1% higher, and corn is paused
about 0.1% lower. U.S. stock index futures pointed to a mildly higher open on Wall Street on Thursday, after
economic reports had retail sales climbing last month. The Commerce Department reported U.S. retail sales
rose 0.7 percent in November versus 0.6 percent the month before. A separate report had initial jobless claims
rising 68,000 to 368,000 last week. Taper fears continue to weigh on global markets, with the possibility of an
imminent budget deal in Washington seen as increasing the likelihood of the Federal Reserve starting to scale
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com
Cell # 92 321 369 2874
7. back its bond-buying program this year. With this in mind, investors are looking ahead to the Federal Open
Market Committee's (FOMC) last policy meeting of the year next week. U.S. stock index futures are currently
trading about 0.1% higher, gold is currently trading about 1.7%lower, crude oil is seen trading about 0.7%
higher, and the U.S. dollar is currently trading about 0.2% higher at 8:00am Chicago time.
Tags:chicago rough rice futures, U.S. rice prices, U.S. rice market
Oryza Quick Glance at MDA Rice Crop Weather Update
Dec 12, 2013
Oryza shares some of MDA’s latest rice crop weather updates:
Rain is expected to increase in south China and the southern Yangtze Valley this week.
Rain is expected to increase in southeastern India this week due to tropical cyclone Madi; minor damages are
expected from the cyclone.
Widespread rain are expected across Indonesia this week, which will improve growth of main season rice but
will slow harvesting a bit for second season rice.
Rain is expected in north central Vietnam this week, which will improve moisture conditions for winter season
rice.
Some rain is expected across central and southern Thailand this week, which will delay harvest activity.
Rain showers are expected to remain continue in southeastern Philippines this week, which will slow main
season harvesting.
Rains in northern areas of Brazil will continue to improve moisture for rice.
Dry weather is expected across Argentina and Uruguay this week, but moisture is expected remain adequate to
support rice growth.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com
Cell # 92 321 369 2874
8. For more complete weather information, contact: www.mdaus.com.
Tags: Rice weather
pdf: MDA Weather.pdf
Asia Rice Quotes Unchanged Today
Dec 12, 2013
Asia rice sellers kept their quotes mostly unchanged today.
5% Broken Rice
Thai 5% rice is quoted around $390 - $400 per ton, about a $30 per ton discount to Viet 5% rice shown around
$420 - $430 per ton.
Indian 5% rice is quoted around $415 - $425 per ton, about a $35 per ton premium over Pak 5% rice quoted
around $380 - $390 per ton.
25% Broken Rice
Thai 25% rice is quoted about $365 - $375 per ton, and about a $30 per ton discount to Viet 25% rice shown
around $395 - $405 per ton.
Indian 25% rice is quoted about $375 - $385 per ton, about a $35 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 $405 - $415 per ton, about a $25 per ton discount to Pak parboiled rice
quoted around $430 - $440 per ton.
100% Broken Rice
Thai broken rice, A1 Super, is quoted around $330 - $340 per ton, about a $35 per ton discount to Viet broken
rice shown around $365 - $375 per ton.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com
Cell # 92 321 369 2874
9. Indian broken sortexed rice is quoted about $315 - $325 per ton, about a $5 per ton discount to Pak broken
sortexed rice quoted around $320 - $330 per ton.
Tags: Thailand rice quotes, Vietnam rice quotes, Pakistan rice quotes, India rice quotes, Asia rice quotes
Malaysians Debate Taking Rice-Buying Bernas Private
Dec 12, 2013
A debate is heating up in Malaysia about whether or not the nation’s rice-buying state corporation, Bernas
(Padiberas Nasional Berhad) should be privatized. A battle is raging between the eighth-wealthiest man in
Malaysia - controversial figure - and the head of the Strategy Rafizis Justice Party (PKR). The head of the
PKR says the move the take the company private will reduce transparency, reduce competition, and reduce
accountability, and will thus result in Malaysians paying higher prices for rice, including imports. He says that
when the nation’s sugar monopoly was privatized, prices rose considerably and the same will happen to rice.
On the Bernas website, it says the company, ―currently controls 24% of the paddy market and 45% of the local
rice demand.‖ The Malay Mail reports, ―After a privatization bid in March failed to get sufficient acceptance
from Bernas’s minority shareholders, another attempt was made last month to turn it into a private company
with a proposal to voluntarily remove it from Malaysia’s stock market.‖ Adding, ―On April 26, 2011, the
government announced that Bernas’s exclusive contract of rice distribution will be extended for 10 years
starting from January 11, 2011 to January 10, 2021.‖
Tags: bernas, Malaysia Rice Imports, Malayia rice production
Oryza Rice Currency Analysis for Today – India
Rupee Down 0.9%
Dec 12, 2013
U.S. dollar index was up +0.37% from the open today, when it traded at 80.192 at the close.
Euro was weaker -0.29% today by the close, trading around 1.3746 by end of day, after trading between an
intraday high of 1.3803 and low of 1.3738. Speculation on a December Fed taper is driving the markets.
Thai baht was weaker -0.12%, trading at 32.120 at the close of business.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com
Cell # 92 321 369 2874
10. Indian rupee was -0.93% weaker, trading at 61.8300.
Brazilian real was +0.37% stronger than the open at today’s close, when it ended at 2.3337 reais per dollar.
Pakistan rupee was +0.07% stronger at 107.2850.
Vietnamese dong was stronger +0.05% at 21105.
Mexican peso was +0.43% stronger today, when it traded at 12.9845 pesos per dollar by the close of business
today.
Chinese yuan was +0.01% stronger at 6.0714.
Argentine peso was -0.05% weaker at 6.2800 pesos per dollar.
Tags: foreign exchange rates
Oryza Afternoon Recap – Chicago Rough Rice Futures Remain Under
Pressure as Grains Selloff in Response to Unimpressive Export Sales Data
Dec 12, 2013
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com
Cell # 92 321 369 2874
11. Chicago rough rice futures for January delivery settled 1.5 cents per cwt (about $0.44 per ton) lower at $15.460
per cwt (about $341 per ton). Rough rice futures remain on the defensive slipping slightly again today on
another day of reduced trade activity. Traders noted very little outright trading as the focus remains on the
January/March spread as market participants continue to keep an eye on the lack of registered warehouse
receipts. Market vets point out that it is very uncommon for there to be such a low number or receipts at this
point in the year and feel that it confirms their suspicion that supplies remain historically tight. The other grains
fell today led by losses in the soy complex; soybeans finished the day about 1.5% lower at $13.2375 per bushel;
wheat finished about 1.1% lower at $6.3475 per bushel; and corn finished the day about 1.1% lower at $4.3425
per bushel.
U.S. stocks mostly slid on Thursday, with the Dow Jones Industrial Average and S&P 500 extending losses into
a third session, as investors considered the timing of any reductions in the Federal Reserve's monetary stimulus.
After Wednesday's 129.59-point drop, the Dow Jones Industrial Average was again down triple digits.
Consumer staples and technology were the hardest-hit and utilities were the sole sector in 10 to gain as the S&P
500 also declined. Erasing gains, the Nasdaq turned lower. U.S. stock markets are currently trading down about
0.6%, gold is trading about 2.5% lower, crude oil is seen trading about 0.3% higher, and the U.S. dollar is seen
trading about 0.4% higher at about 2:00pm Chicago time.
Looking to the daily continuation chart of Chicago rough rice futures for January delivery, the market continues
to find support provided by the lower Bollinger band, noted today at $15.430 per cwt (about $340 per ton), but
remains technically bearish. The faster moving 10-day moving average has fallen to cross below both the 20day and 100-day moving averages, confirming that the market has indeed moved into a short-term, multisession, bearish trend. Today’s action has maintained the recent trend of marking lower lows and in turn
provides a negative forecast for tomorrow’s trade direction. Today’s trading range is noted as $15.435-$15.560
per cwt (about $340-$343 per ton).Wednesday, there were 256 contracts traded, down from 1,329 contracts
traded on Tuesday. Open interest – the number of contracts outstanding – on Wednesday decreased by 55
contracts to 7,745.
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com
Cell # 92 321 369 2874
12. Bulog Officials Consider Party in Celebration of Rice Self-Sufficiency;
However, Stocks-to-Use Ratio Hovers Near Historical Low
Bulog, Indonesia’s state rice buying agency is celebrating no longer needing to import rice. Officials say they
may throw a party to mark the achievement. However, while Indonesia’s rice imports have fallen in recent
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com
Cell # 92 321 369 2874
13. years, the nation’s rice stocks-to-use ratio, is near historical lows according to the USDA. The USDA also
estimates that Indonesia’s rice imports in 2013-14 will increase to 1.5 million tons from 1 million tons the
previous year.Bulog says its goal is to keep ending stocks at around 2 million tons. The USDA estimates
ending stocks at around 3 million tons in 2012-13 and 2.5 million tons in 2013-14, above Bulog's
target. However, using USDA figures, the nation's stock-to-use ratio is only about 5%, well below the global
stocks-to-use ratio of about 22%, and well below the nation's historical norms.
Tags:Indonesia rice production, Indonesia rice imports, indonesia rice stocks
Oryza Shares Press Release - ARPEC Hosting Visting Delegation of 20
People from Guangdong Foods Association December 14-15, 2013
Dec 12, 2013
After hosting on December 4, a Delegation of 24 firms from The Rice Merchants’ Association of Hong Kong in
part of networking among rice professionals in the region, ARPEC is hosting on December 14-15, a Delegation
of 20 firms from the Guangdong Foods Association of the People’s Republic of China in a continuing effort to
boost rice exports to China.The Chinese Delegation arrives in Siemreap on December 13 for a one day sight
seeing tour and proceeds to Battambang the following day. On Sunday December 15, ARPEC Chairman, Oknha
Phou Puy, will host a working lunch for the Delegation in Battambang and ARPEC would host a dinner for the
Delegation in the evening upon their return to Phnom Penh.
Tags: press release, cambodia rice, ARPEC
Oryza Shares Press Release - Cambodian Premium Jasmine Rice Evening
Dec 12, 2013
Ever since the Royal Government of Cambodia affirmed its full support for the rice sector in 2010, we have
seen rising FDI into this particular sector as well as a steady increase of our rice exports.We have also come a
long way from the disastrous state of our rice sector after long years of unrest and now according to USDA
statistics, Cambodia is the 2nd largest exporter of Premium Jasmine Rice in the world and the overall 5th largest
rice exporter as well.Cambodia still has plenty of challenges ahead to improve the competitiveness of its rice
sector and both the Government and the Private Sector are working closely in tandem for the betterment of the
sector.Embracing the Public Private partnership concept, two Ministries and two Private Sector Institutions are
collaborating closely to celebrate the Prize Award of World Best Rice for two consecutive years at the TRT
events
in
Bali
(2012)
and
in
Hong
Kong
(2013).
The Ministry of Commerce and the Ministry of Tourism take the occasion of a year end season to organize a
dinner to promote Cambodian Premium Jasmine Rice. Both Ministers would gamely play the role of Cook to
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com
Cell # 92 321 369 2874
14. wash,
cook
and
serve
rice
to
the
Guests.
The event is fully supported by ARPEC (Alliance of Rice Producers & Exporters of Cambodia) and the
THALIAS Group and guests will have the chance to experience and taste MALIS Restaurant’s Signature
Dishes
using
rice
as
major
ingredient.
The Ministry of Commerce took the lead to invite the Donors and Ambassadors from ASEAN, China, Japan,
Korea, USA, and European countries while ARPEC and THALIAS invited the other distinguished guests for
the
Special
Event
scheduled
for:
Saturday
21st
December
2013
MALIS
Restaurant
18:30
hrs
–
21:30
hrs
Dress Code: Smart Casual
Tags: press release, Cambodia rice exports
Oryza U.S. Rough Rice Recap – Prices Hold Steady Despite Dismal Exports
Dec 12, 2013
U.S. cash prices were seen steady today despite the USDA reporting dismal export sales figures. Some analysts
contend that the weak numbers could in part be attributed to the Thanksgiving holiday and the USA Rice
Outlook Conference while others contend that it was due to higher prices.As of today, offers continue to hold
steady near $15.65-$16.66 per fob farm (about $345-$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 were unchanged around $14.95 per cwt (about $330 per ton) while bids from exporters
were could still be seen close to $15.25 per cwt (about $336 per ton), both for December through January
delivery, although some smaller mills are reportedly bidding as much as $16.00 per cwt (about $353 per ton)
for prompt delivery.In the meantime, today the USDA reported that cumulative net export sales for the week
ending on December 5th, totaled 12,900 tons, a marketing year low, with increases reported for the following
destinations including: 2,700 tons to Turkey, 2,600 tons to Mexico, 2,300 tons to Lebanon, 2,100 tons to
Canada, and 800 tons to the United Kingdom.U.S. rice exporters shipped 63,600 tons with the primary
destinations including: 22,700 tons to Mexico, 12,600 tons to Japan, and 12,400 tons to Costa Rica, 4,900 tons
to Jordan, and 3,500 tons to Honduras.
Tags: U.S. rice prices, U.S. rice market
For Advertising SPECS & RATES
Contact: Advertising Department Mujahid Ali
mujahid.riceplus@gmail.com +92 321 369 2874
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com
Cell # 92 321 369 2874