Published on February 28, 2014
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10000+ stakeholders of rice industry read & apply various ideas and analysis written by the authors. Be the part of Rice plus authors Visit: www.ricepluss.com,www.publishpk.net email@example.com, firstname.lastname@example.org TOP Contents - Tailored for YOU Latest News Headlines… European Paddy Quotes Stable, as Milled Rice Indications Advance Oryza U.S. Rough Rice Recap – Market Unchnaged, Despite Rebound In Export Sales From Previous Week Russia Lifts Phytosanitary Import Ban on Pakistan Rice Acid from Rice Husks Replaces Expensive, Patented Enzyme in Biofuel Production Philippines Rice Prices Soar Due to Shortfall in Supply Oryza Overnight Recap – Chicago Rough Rice Futures Slightly Higher After Very Dull Overnight Session and Ahead of First Position Day, March Open Interest Remains above 650 India Average Wholesale Rice Prices Increase in February 2014 Thailand, Vietnam Rice Sellers Lower Their Quotes for Fragrant Rice Today; Other Asia Rice Quotes Unchanged Thailand PM Lawyers Seek 15 Days to Respond to Rice Mortgage Program Corruption Charges Bolivia 2013-14 Rice Production Hurt by Floods, Says FAO India Support Price for Rice Growing Too Fast, Says Central Bank Chief Oryza Global Rice Quotes Oryza Afternoon Recap – Chicago Rough Rice Futures End with Mixed Results NEWS DETAILS: European Paddy Quotes Stable, as Milled Rice Indications Advance Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874
Feb 27, 2014 European paddy quotes in the week February 11 - February 18 were mostly stable, apart from Spain where paddy rice quotations were slightly higher, and Romania, where they were slightly lower. Almost all milled rice quotes in Europe advanced over the same week, according to data from the European Union. SPAIN - Japonica paddy advanced to 283 euros (about $387) per ton on February 18 from 267 euros (about $ 368) per ton of February 11. Indica received no quotations on 18 February, while in the week prior it quoted 260 euros (about $356) per ton. Milled Japonica rice quotes remained almost firm at 544 euros (about $746) per ton, up only 2 euros (about $3) from a week prior. PORTUGAL - Long A paddy quotations were fixed at 278 euros (about $ 381) per ton, up 2 euros (about $3) per ton on the week prior. Long B paddy quotes held around 260 euros (about $ 290) per ton. No quotations were available for milled rice. GREECE – Quotations were stable. Medium paddy slightly increased at 360 euros (about $493) per ton, up 10 euros (about $14) from a week prior. Long paddy remained firm at 450 euros (about $616) per ton and Indica paddy quoted 240 euros (about $329) per ton. There were no quotations for milled rice. ROMANIA - Japonica paddy prices decreased from 306 euros (about $419) per ton on February 11 to 299 euros (about $409) per ton on February 18. Indica paddy quotes also declined, from 275.03 euros (about $ 377) per ton on February 11 to 269 euros (about $ 368) per ton on February 18. As for milled rice, Japonica quotes increased, reaching 764 euros (about $1,047) per ton on February 18, up 63 euros (about $86) per ton from 701 euros (about $960) per ton on February 11. Indica milled rice decreased 88 euros (about $120) in just one week: it quoted 585 euros (about $802) per ton on February 11, and it fell to 498 euros (about $682) on February 18. BULGARIA - Japonica paddy quotations were firm at 276 euros (about $378) per ton. Japonica milled rice prices remained unchanged on February 11 and February 18 at 814 euros (about $1,115) per ton.FRANCE - No quotations for paddy varieties were available in both weeks. As for milled rice, it received no quotations on February 18; one week prior medium milled rice was quoted 440 euros (about $603) per ton, Long A quoted 560 euros (about $767) per ton, and Long B prices were fixed at 450 euros (about $616) per ton. Tags: european rice prices Oryza U.S. Rough Rice Recap – Market Unchnaged, Despite Rebound In Export Sales From Previous Week Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section firstname.lastname@example.org Cell # 92 321 369 2874
Feb 27, 2014 As of today, old crop offers were unchanged near $15.55-$16.11 fob farm (about $343-$355 per ton) depending on where they are located and how quickly they could ship.Bids from larger mills decreased today to around $15.15 per cwt (about $334 per ton) while bids for exporters were unchanged near $15.55 per cwt (about $343 per ton), both for March delivery, however no trades were reported. In the meantime, today the USDA reported that cumulative net export sales for the week ending on February 20th, totaled 93,200 tons, which was considerably higher than last week and 9% higher than the prior 4-week average.Increases were reported for the following destinations including: 60,000 tons to Iraq, 16,500 tons to Mexico, 5,400 tons to unknown destinations, 4,200 tons to Costa Rica, and 1,500 tons to Switzerland. There were also decreases of 1,200 tons Turkey. U.S. rice exporters shipped 75,800 tons, which was 96% higher than the previous week and 48% higher than the prior 4-week average. The primary destinations included: 25,400 tons to Turkey, 12,000 tons to Japan, 9,500 tons to Haiti, 8,200 tons to Mexico, and 6,400 tons to Honduras. Tags: U.S. rice market, U.S. rice prices Russia Lifts Phytosanitary Import Ban on Pakistan Rice Feb 27, 2014 On February 24, Russia's phytosanitary authrories lifted a ban on the imporation of Pakistan rice, according to official documents.The import ban was orginally put in place at the end of September 2013, local sources tell Oryza, just prior to Pakistan's main rice crop harvest. Tags: Pakistan rice exports, Russia rice imports Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874
Acid from Rice Husks Replaces Expensive, Patented Enzyme in Biofuel Production Feb 27, 2014 Turning unused plant products – like rice husks – into fuel has skyrocketed in popularity. In 2010, global biofuel production was at an impressive 28 billion gallons, about 17% higher than the previous year. With traditional fuel prices rising and concerns about the environmental consequences of accessing and transporting crude oil dominating the media, those numbers are only going to get larger. Some countries, such as Denmark, already require that a certain percentage of ethanol is added to all gasoline sold in the country. Some countries allow companies to add up to 85% bioethanol to gasoline.Currently, Brazil and the U.S. are responsible for producing the majority of the world’s bioethanol, a specific type of biofuel that is made by fermenting carbohydrates found in plants containing sugar and starch. Most biofuels are so-called first-generation biofuels, which are made from sugars and vegetable oils in arable crops, making them easily extracted – but these biofuels are controversial because they use crops that could otherwise be used for food, like corn and sugarcane. Increasingly, researchers are developing ways to utilize non-food parts of the plant in the production of bioethanol.A way to make these so-called second-generation biofuels – biofuels made from agricultural residue or waste– already exists. But because the extraction process for getting the necessary fuel out of the plant parts is more difficult with second-generation biofuels, it is a costly and complicated process that utilizes expensive, patented enzymes controlled by a handful of large companies. Now, new research by professors from the University of Southern Denmark, the University of Baghdad, and AlMuthanna Unversity in Iraq highlights a new technique that produces biofuel without that valuable enzyme. One of the Danish researchers, Per Morgen, explained that this project worked to develop a way to produce bioethanol from cellulose, a tough, woody part of the plant that can be difficult to break down. Cellulose is the part of the cell wall in plants that gives them their semi-rigid structure, and while humans can partially digest cellulose, it’s not a rich nutrient source. Just like it’s difficult for humans to digest cellulose, it’s more difficult to break cellulose down into sugar to create bioethanol. The researchers found that rather than using an enzyme, the key to breaking down cellulose is an acid – an acid called RHSO3H that is made from rice husks. The rice husks are burned and the resulting ash contains a high amount of silicate. When chlorosulfonic acid was combined with the silicate particles, a new molecule resulted – RHSO3H. This is the molecule that can break the cellulose down to sugar that can then be fermented into alcohol to create the bioethanol.What’s most notable about this technique is, well, how logical it is! Each year, 80-130 million tons of rice husks are discarded or burnt (it’s hard to know an exact number, and estimates vary). Using those rice husks for fuel keeps them out of landfills, and the use of bioethanol instead of gasoline reduces CO2 emissions and fossil fuel consumption, a win-win for the environment. Selling rice husks also provides another potential revenue source for rice-growing regions, who can export them to fuel-dependent countries. Furthermore, the process can’t be patented, making it more accessible to smaller companies. Making bioethanol cheaper and more accessible means even more may be produced, increasing competition, options for use, and available products, and, possibly, decreasing the price of biofuel. ith rice husks being repurposed for Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section firstname.lastname@example.org Cell # 92 321 369 2874
a variety of uses – electricity, batteries, insulation, concrete, and even flour – it stands to reason that we’ll see demand for rice husks increase in the coming years. Tags: fuel, Rice husks, bioethanol, biofuel, ethanol, acid Philippines Rice Prices Soar Due to Shortfall in Supply Feb 27, 2014 Rice prices in the Philippines have increased sharply in the week ending February 21, 2014, with increases of up to 8% seen in some markets compared to the previous week prices.According to official sources, sharp increases in rice prices were seen in cities of Batangas, Legaspi, Cebu and Naga. In Batangas, average prices of well-milled rice increased to around P40 per kilogram (about $897 per ton), up about 8% from around P37 per kilogram (about $830 per ton) in the previous week. Prices of regular-milled rice in Batangas stand at around P37 per kilogram 9aabout $830 per ton), up about 3% from around P36 per kilogram (about $807 per ton) in the previous week, and up about 10% from average prices of regular-milled rice in 2013.Average prices of rice provided by the National Food Authority (NFA) remained stable at around P27 – P32 per kilogram (about $605 – $717 per ton), but stocks with the NFA remain limited. According to the Bureau of Agriculture Statistics (BAS), total rice stocks in the Philippines stood at around 2.12 million tons as of January 1, 2014, which could last for 62 days or up to February 2014. NFA stocks of around 270,000 tons as of January 1, 2014 were enough to last just 8 days. The NFA says that rice prices are expected to decline by around P2 – P4 per kilogram (about $45 – $90 per ton) during March – May 2014 due to higher supplies from the harvest season. owever, prices may increase again during the lean months after that, the NFA says. Local sources say that rice prices are increasing due to the crackdown on smuggling, while some economists suggest that the government should remove the quantitative restriction (QR) on rice imports to help reduce rice prices. Tags: Philippines rice prices, Philippines rice stocks Oryza Overnight Recap – Chicago Rough Rice Futures Slightly Higher After Very Dull Overnight Session and Ahead of First Position Day, March Open Interest Remains above 650 Feb 27, 2014 Chicago rough rice futures for March delivery are currently paused 2 cent per cwt (about $0.44 per ton) higher at $15.630 per cwt (about $345 per ton) as of 8:00am Chicago time. The other grains are seen mixed this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.6% higher, wheat was paused about 1.1% lower, and corn is noted about 0.6% lower.U.S. stock index futures signaled a mixed start to Wall Street trade on Thursday, after monthly durable-goods data and weekly initial jobless claims. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874
The government reported orders for U.S. durable goods fell 1% in January while jobless claims last week rose by 14,000 to 348,000, while the four-week average remained at 338,250. Federal Reserve Chair Janet Yellen is scheduled to speak before the Senate Banking Committee at 10 a.m., in her second congressional testimony this month. On Wednesday, the blue-chip Dow finished 0.2 percent higher. The S&P 500 and the Nasdaq also squeezed out small gains, with the latter briefly hitting a 14-year high. U.S. stock index futures are currently trading marginally lower, gold is currently trading about 0.3% higher, crude oil is seen trading about 0.3% higher, and the U.S. dollar is currently trading about 0.1% higher at 8:00am Chicago time. Tags: chicago rough rice futures India Average Wholesale Rice Prices Increase in February 2014 Feb 27, 2014 Average monthly wholesale rice prices in India increased to around Rs. 2,731 per quintal in February 2014, up about 1% from around Rs. 2,702 per quintal in January 2014, and up about 4% from around Rs.2,627 per quintal seen a year ago in February 2013, according to official sources.In terms of USD per ton, average Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section firstname.lastname@example.org Cell # 92 321 369 2874
wholesale rice prices in India stand at about $440 per ton (using current exchange rates) in February 2014, up about 2% from around $429 per ton (using historical exchange rates) in January 2014, but down about 10% from around $488 per ton (using historical exchange rates) seen in February 2013. Tags: India rice prices Thailand, Vietnam Rice Sellers Lower Their Quotes for Fragrant Rice Today; Other Asia Rice Quotes Unchanged Feb 27, 2014 Thailand rice sellers lowered their quotes for Hommali rice by about $10 per ton to about $955 - $965 per ton today. Vietnam rice sellers lowered their quotes for Jasmine rice by about $10 per ton to about $515 - $525 per ton. Other Asia rice sellers kept their quotes unchanged. 5% Broken Rice Thai 5% rice (of new crop) is quoted around $425 - $435 per ton, about a $30 per ton premium over Viet 5% rice shown around $395 - $405 per ton. Indian 5% rice is quoted around $415 - $425 per ton, about a $20 per ton premium over Pak 5% rice quoted around $395 - $405 per ton. 25% Broken Rice Thai 25% rice of old crop is quoted about $350 - $360 per ton, about a $20 per ton discount to Viet 25% rice shown around $370 - $380 per ton. Indian 25% rice is quoted about $360 - $370 per ton, about a $10 per ton premium over Pak 25% rice quoted around $350 - $360 per ton. Parboiled Rice Thai parboiled rice of the old crop is quoted around $460 - $470 per ton. Indian parboiled rice is quoted around $400 - $410 per ton, about $5 per ton discount to Pak parboiled rice quoted around $405 - $415 per ton. 100% Broken Rice Thai broken rice, A1 Super, of the old crop is quoted around $310 - $320 per ton, about a $45 per ton discount to Viet broken rice shown around $355 - $365 per ton. Indian broken sortexed rice is quoted about $300 - $310 per ton, about a $20 per ton discount to Pak broken sortexed rice quoted around $320 - $330 per ton. Thailand PM Lawyers Seek 15 Days to Respond to Rice Mortgage Program Corruption Charges Feb 27, 2014 The legal team of Thailand’s caretaker Prime Minister’s Pheu Thai party has said that it will respond to charges by the National Anti-Corruption Commission (NACC) within 15 days, as pro-government protestors surfaced in Bangkok and other places to prevent a judicial coup in the country.The NAAC is investigating at least 15 cases against the PM, but it had summoned the PM today to hear charges over the populist rice mortgage program. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874
The program was an electoral pledge of the PM’s Pheu Thai party and was implemented in October 2011. While the program promised about 40-50% higher than market rates to rice farmers, it has caused losses of around $4.4 billion to the government so far. Rice exports plunged in 2012 and 2013, and the program could not run effectively due to lack of funds. Opposition leaders claim that the PM was negligent in allowing the rice mortgage program to continue despite losses and allege that the program is rife with corruption. The PM had earlier said that the rice mortgage program benefitted the farmers and blamed the opposition for not allowing the rice mortgage program to function. If found guilty, the PM could be removed from office and banned from politics for five years, something that months of anti-government protests could not do so far.However, a judicial coup is unlikely anytime soon. The Pheu Thai party hopes to gather support for the PM in the next few weeks. Local sources say that the NAAC and the courts are unlikely to topple the government for fear of unprecedented turmoil in the country.Meanwhile, the PM is busy firefighting of the real kind. According to state media, the PM traveled to Chiang Mai today to assess the problem of forest fires there. Chiang Mai is the PM’s birthplace and government supporters there say that the PM could have a temporary office in Chiang Mai, a sign that the political turmoil in Thailand is far from over. Tags: Thailand rice mortgage program, Thailand's National Anti-Corruption Commission (NACC) Bolivia 2013-14 Rice Production Hurt by Floods, Says FAO Feb 27, 2014 Rice production in Bolivia is likely to drop sharply in 201314 due to heavy rains at the start of the rice crop harvest in January – February 2014, according to the UN’s Food and Agriculture Organization (FAO).The FAO says that rice production is likely to be affected by floods as three of the four key rice producing provinces (Cercado, Marban Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section firstname.lastname@example.org Cell # 92 321 369 2874
and Moxos) in the department of Beni were hit by the flooding. According to the FAO, about 43,000 hectares of different crops, including rice, are negatively impacted by the heavy rains and floods. The department of Beni accounts for around 6% of total rice production in Bolivia.Losse due to floods could lead to further decline in rice production this year. The FAO says that rice production in 2013 is estimated to drop to around 450,000 tons of paddy (about 310,000 tons, basis milled), down about 13% from the previous year mainly due to drought conditions and low temperatures during the cropping season in 2013.According to the USDA, rice consumption in Bolivia in 201314 is estimated at around 350,000 tons (basis milled) and imports are expected to increase to around 40,000 tons this year, compared to negligible quantities of imports in the previous year. Tags: Bolivia rice production, Food and Agriculture Organization (FAO) India Support Price for Rice Growing Too Fast, Says Central Bank Chief The governor of Reserve Bank of India (RBI) says that the Indian government should slow down increases in the Minimum Support Price (MSP) of rice and other food grains to contain food inflation.According to official data, support prices of common paddy rice stood at around Rs. 580 per quintal in 2006-2007, but the MSP increased by around 125% to around Rs. 1,310 per quintal in 2013-14. According to local sources the average prices of rice in the domestic market have increased almost 100% in the Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874
same period. The RBI chief says that food prices should be regulated by markets and not by MSPs. He adds that rice prices have increased in India also due to a surge in rural wages due to the government's rural employment scheme.However, the chief of the Commission on Agricultural Costs and Prices (CACP) says that rice prices are high in India mainly due large stocks held by the government and not due to MSPs, which are below the FOB prices.The Indian government fixes the MSPs for paddy rice based on the recommendations of the CACP. Oryza Global Rice Quotes February 27th, 2014 Long grain white rice - high quality Thailand 100% B grade 440-450 Vietnam 5% broken 395-405 ↔ India 5% broken 415-425 ↔ Pakistan 5% broken 395-405 ↔ Cambodia 5% broken 450-460 ↔ U.S. 4% broken 575-585 ↔ Uruguay 5% broken 625-635 ↔ Argentina 5% broken 625-635 ↔ Long grain white rice - low quality Thailand 25% broken 350-360 ↔ Vietnam 25% broken 370-380 ↔ Pakistan 25% broken 350-360 ↔ Cambodia 25% broken 420-430 India 25% broken 360-370 ↔ U.S. 15% broken 550-560 ↔ ↔ ↔ Long grain parboiled rice Thailand parboiled 100% stxd 460-470 Pakistan parboiled 5% broken stxd 405-415 India parboiled 5% broken stxd 400-410 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% 955-965 Vietnam Jasmine 515-525 ↓ India basmati 2% broken 1515 -1525 ↔ ↔ ↔ ↓ ↔ Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section firstname.lastname@example.org Cell # 92 321 369 2874
Pakistan basmati 2% broken NQ Cambodia Phka Malis 890-900 ↔ ↔ Brokens Thailand A1 Super 310-320 ↔ Vietnam 100% broken 355-365 Pakistan 100% broken stxd 320-320 Cambodia A1 Super 350-360 ↔ India 100% Broken stxd 300-310 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 Oryza Afternoon Recap – Chicago Rough Rice Futures End with Mixed Results as March/May Spread Swings Wildly, Ahead of First Notice; Grain Complex Gets Hammered Following Release of Export Sales Feb 27, 2014 Chicago rough rice futures for May delivery settled 6 cents per cwt (about $1 per ton) higher at $15.680 per cwt (about $347 per ton). Rough rice futures experienced another day of increased volatility with the vast majority of trade activity focused on the March/May spread. March started the day trading to a slight premium to May, but quickly came under pressure and slipped to as much as a 28 cent per cwt (about $6 per ton) discount as traders became desperate to exit long positions ahead of first notice day tomorrow. Today’s action saw prices fall to and bounce off of nearby technical support near $15.600 per cwt (about $344 per ton) provided by the 10-day trading range and finished the day just above the 100-day, a level that had been noted as a point of resistance. This level will be likely be monitored tomorrow and its ability to support prices will be interpreted as a sign of strength or weakness. Additionally traders will be closely monitoring open interest and for registrations of warehouse receipts as open interest stood at 649 as of this morning. The other grains finished sharply lower today, with wheat once again getting hammered and leading the complex lower; soybeans closed about 1% lower at $13.9350 per bushel; wheat finished about 3% lower at $5.8225 per bushel; and corn finished the day Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874
about 1.7% lower at $4.4800 per bushel.U.S. stocks climbed on Thursday, with the S&P 500 rising above its record close, after Federal Reserve Chair Janet Yellen said the central bank would probably continue tapering its asset purchases while tracking data to figure how much recent softness in the economy is due to the weather. Appearing before the Senate in testimony delayed by a snowstorm, Yellen said the harsh weather could have played a role in the recent spate of tepid economic data. Appetite for equities and other riskier assets started the session on shaky ground on military and political unease in Ukraine and Russia, with the euro falling to a twoweek low and Russia's rouble declining to a five-year low against the dollar. After a 38-point fall, the Dow Jones Industrial Average was lately up 71.64 points, or 0.4%, at 16,270.05. Also at or near session highs, The S&P 500 added 9.21 points, or 0.5%, to 1,854.37, with telecommunications and technology faring best and ultilities and energy the weakest performers among its 10 major sectors. The Nasdaq advanced 29.05 points, or 0.7%, to 4,321.11. Gold is trading about 0.1% higher, crude oil is seen trading about 0.2% lower, and the U.S. dollar is seen trading about 0.2% lower at about 1:00pm Chicago time.Wednesday, there were 876 contracts traded, down from 1,388 contracts traded on Tuesday. Open interest – the number of contracts outstanding – on Wednesday decreased by 102 contracts to 7,469. Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market For Advertising SPECS & RATES Contact: Advertising Department Mujahid Ali firstname.lastname@example.org +92 321 369 2874 Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874
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