Published on February 26, 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 firstname.lastname@example.org ,email@example.com TOP Contents - Tailored for YOU Latest News Headlines… Argentina Exports 535,722 Tons of Rice in 2013; Down 16% from Previous Year Oryza Overnight Recap – Chicago Rough Rice Futures Maintain Their Position Above $16.000 following Yesterday’s Massive Rally Colombia Rice Prices Increase in February 2014 Brazil Paddy Rice Index Declines 1% in Last Week Oryza U.S. Rough Rice Recap – Light Trade Activity Subsides after Futures Settle Lower Iraq Buys 90,000 Tons of South America Rice Oryza Afternoon Recap – Chicago Rough Rice Futures Collapse as Market Appears to Have Topped out; Sellers Take Advantage of Lofty Prices Rice Smuggling Happens in Compounds of NFA, Claims Philippines Senator Thailand Election Commission Approves $22 Million from Central Budget to Pay Rice Farmers Nigeria Considers Lower Import Tariff on Rice Pakistan Government Neglects Power Problems of Parboiling Rice Industry Rice Husk Can Fuel Power Plants in Rice Mills, Finds Study Italy Rice Producers Sell 36,897 Tons of Paddy February 11-18 Oryza Rice Currency Analysis for Today – China Yuan Down 0.4% Oryza Global Rice Quotes 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
News Detail…. Argentina Exports 535,722 Tons of Rice in 2013; Down 16% from Previous Year Feb 25, 2014 Argentina’s rice exports declined for the third consecutive year, reaching around 535,722 tons in the calendar year 2013, down about 16% from around 635,938 tons exported in 2012, according to the Ministry of Agriculture.Argentina exported about 514,769 tons or 96%of total rice exported in 2013 to nine countries: Bolivia, Brazil, Costa Rica, Canada, Chile, Iraq, Iran, Turkey, and Senegal.Brazil was the largest importer of Argentina rice in 2013, accounting for around 230,862 tons or about 43% of total rice exports by Argentina. Iraq imported about 121,536 tons of rice from Argentina or about 23% of total rice exports by Argentina in 2013, while Iran accounted for about 48,120 tons or about 9% of rice exports by Argentina in 2013.Senegal imported about 45,864 tons (about 8.5% of rice exports by Argentina in 2013), Chile accounted for around 34,645 tons (about 6% of total rice exports by Argentina in 2013), and Bolivia accounted for about 18,228 tons (about 3% of total rice exports by Argentina in 2013).Argentina exported around 42,915 tons of rice in Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874
December 2013, up about 73% from around 24,812 tons exported in the previous month, and up about 55% from around 27,762 tons exported in December 2012.According to the USDA Post, Argentina’s rice exports are expected to increase to around 650,000 tons in 2014-15 (April – March), mainly due to a weaker currency. Tags: Argentina rice exports Oryza Overnight Recap – Chicago Rough Rice Futures Maintain Their Position Above $16.000 following Yesterday’s Massive Rally Feb 25, 2014 Chicago rough rice futures for March delivery are currently paused 0.5 cent per cwt (about $3 per ton) higher at $16.050 per cwt (about $354 per ton) as of 8:00am Chicago time. The other grains are seen mostly lower this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.1% lower, wheat was paused about 0.3% lower, and corn is noted about 0.1% higher.U.S. stock index futures signaled a lower start to Wall Street trade on Tuesday, ahead of more housing market indicators. Two housing market indicators for December will be published at 9 a.m. – the Case-Shiller 20-city Index and the FHFA Housing Price Index. These will be followed by the Conference Board's consumer confidence data for February at 10 a.m. Analysts polled by Reuters see confidence coming in at 80.3, slightly down from 80.7 in January. U.S. stocks rallied on Monday as investors cheered merger and acquisition news and continued to disregard lackluster economic data, attributing it to harsh winter weather. The S&P 500 was lifted to an intraday record, and briefly cleared its 2014 loss. U.S. stock index futures are currently trading about 0.1% lower, gold is currently trading about 0.1% lower, crude oil is seen trading about 1.2% lower, and the U.S. dollar is currently trading about 0.1% lower at 8:00am Chicago time. Tags: chicago rough rice futures Colombia Rice Prices Increase in February 2014 Average white rice prices in Colombia stood at around 1.86 million pesos per ton as of February 24, 2014, up 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
about 2% from around 1.82 million pesos per ton recorded in January 2014, but down about 5% from around 1.97 million pesos per ton in February 2013, according to Fedearroz.Average green paddy prices stood at around 891,695 pesos per ton as of February 24, 2014, up about 2% from around 873,900 pesos per ton in January 2014, and up about 3% from around 868,929 pesos per ton in February 2013.In terms of USD per ton, Colombia’s average white rice prices declined to around $913 per ton in February 2014, down slightly from around $915 per ton (using historical exchange rates) in January 2014 and down about 17% from around $1,103 per ton (using historical exchange rates) in February 2013.In terms of USD per ton, Colombia’s average green paddy rice prices declined to around $436 per ton as of February 24, 2014, down slightly from around $438 per ton (using historical exchange rates) in January 2014, and down about 10% from around $485 per ton (using historical exchange rates) in February 2013. Tags: colombia rice prices Brazil Paddy Rice Index Declines 1% in Last Week Feb 25, 2014 The Brazilian paddy rice index maintained by CEPEA stood at around 35.28 real per 50 kilograms on February 24, 2014, down about 1% from around 35.77 real per 50 kilograms recorded a week earlier on February 17, 2014.In terms of USD per ton, the index declined to around $301.7 per ton on February 24, 2014, down slightly from around $304 per ton seen on February 17, 2014. Tags: Brazil paddy rice index cepea Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874
Oryza U.S. Rough Rice Recap – Light Trade Activity Subsides after Futures Settle Lower Feb 25, 2014 The U.S. cash market was saw some light trade activity today after yesterday’s rally in the futures market however most of the interest subsided after the futures market settled lower. As of today, old crop offers were unchanged around $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 back to around $15.25 per cwt (about $336 per ton) while bids for exporters were unchanged near $15.55 per cwt (about $343 per ton), both for March delivery, although there were reports of rice trading as low as $15.75 per cwt (about $347 per ton) delivered barge facility and as high as $16.15 per cwt (about $356 per ton) delivered mill. Tags: U.S. rice prices, U.S. rice market Iraq Buys 90,000 Tons of South America Rice Feb 25, 2014 Iraq about 90,000 tons of rice of South American origin, inlcuding: 30,000 tons Argentina rice at $713 per ton CIF; 30,000 tons of 30,000 tons of Uruguay rice at $713 per ton CIF; and Argentina rice at $699 per ton CIF, trade sources tell Oryza. Tags: Iraq rice tender Oryza Afternoon Recap – Chicago Rough Rice Futures Collapse as Market Appears to Have Topped out; Sellers Take Advantage of Lofty Prices Feb 25, 2014 Chicago rough rice futures for March delivery settled 29.5 cents per cwt (about $7 per ton) lower at $15.750 per cwt (about $347 per ton). After trading to afresh multi-month high, rough rice futures made a huge reversal today and closed just above technical support provided by the 10-day moving average which was noted at $15.735 per cwt (about $347 per ton) today. The market reached a morning high of $16.100 per cwt (about $355 per ton) before abruptly falling over 30 cents per cwt (about $7 per ton), more than erasing solid gains earned yesterday. Today’s action has returned prices to a place within the Bollinger bands and a fact that likely added a technical aspect to the day’s selloff. Additionally the recent rally in future prices likely reflected an attractive selling price to commercial interests who are looking to unload physical inventory. Many trade insiders expect a fresh round of registrations of 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
warehouse receipts on first notice day this Friday. Technically the market remains in supportive territory and the current trend of higher prices remains intact, however today’s action is seen as a cause of concern for the bulls. The other grains finished the day mostly higher; soybeans closed about 0.9% higher at $13.9900 per bushel; wheat finished about 0.5% lower at $6.1500 per bushel; and corn finished the day about 0.9% higher at $4.5675 per bushel.U.S. stocks turned higher on Tuesday, lifting the S&P 500 above its record close, as betterthan-expected earnings from home-improvement retailer Home Depot helped deflect a decline in consumer confidence. The S&P/Case Shiller composite index of 20 metro areas gained 0.8% on a seasonally adjusted basis. After rising 34 points and falling 59, the Dow Jones Industrial Average was lately up 24.89 points, or 0.2%, to 16,232.03. The S&P 500 added 2.06 points, or 0.1%, to 1,849.67, with materials and consumer staples faring best and financials and industrials hardest hit among its 10 major sectors. The Nasdaq rose 1.41 points to 4,294.37. Gold is trading about 0.3% higher, crude oil is seen trading about 1.1% lower, and the U.S. dollar is seen trading about 0.1% lower at about 1:00pm Chicago time.Monday, there were 2,208 contracts traded, up from 1,567 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday decreased by 188 contracts to 7,523. Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market Rice Smuggling Happens in Compounds of NFA, Claims Philippines Senator Feb 25, 2014 A senator in the Philippines has accused the National Food Authority (NFA) for issuing import permit to a Cooperative in 2013 despite the Bureau of Customs (BoC) tagging it as one of the consignees involved in illegal rice trade. At the hearing of the Senate committee on agriculture and food on Tuesday, the senator said he received information that rice smuggling is happening at the compounds of the NFA.The NFA granted import permit to San Carlos Multi-Purpose Cooperative (SACAMUCO) to import over 28,000 sacks of rice worth P34 million (around $761,552). The NFA acting Administrator responded saying the agency learned of SACAMUCO's alleged practice of mis-declaring rice shipments after the import permit has been issued. "We already made corrections when we found out about the BOC's findings. Subsequent permits of San Carlos were not issued," he adds. Seven officials of the Cooperative are facing legal charges before the Department of Justice (DoJ) for misdeclaring the quantity and origin of the rice imports. “Historically, we’ve seen this already. It would appear from documents that the NFA was letting these coops get away. Like we said, we know this already. Hopefully, this won’t happen again," the senator said. He suggested the NFA to stop issuing permits after the shipments arrived.The Senate was also urged yesterday to investigate the alleged overpricing of rice imports from Vietnam by the NFA. However, the Committee of Agriculture is acting cautiously as the Vietnam government is involved in the matter. Chairperson of the Senate Agriculture Panel said she will ask the DoJ to submit its findings on the alleged overpricing of imports from Vietnam. Tags: Philippines rice smuggling Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874
Thailand Election Commission Approves $22 Million from Central Budget to Pay Rice Farmers Feb 25, 2014 Thailand’s Election Commission (EC) has allowed the caretaker government to use 712 million baht (around $22 million) from the Central Budget to make payments to the farmers who pledged their rice under the ricepledging scheme, according to local sources. However, the approved amount represents very little (about 0.5%) of the total 130 billion baht (around $4 billion) needed by the government, according to local sources.The Commerce Minister said today that the Cabinet has approved 20 billion baht (around $613 million) from the Central Budget to make payments to the farmers and the government will send for the EC's approval. Yesterday, the National Rice Policy Commission (NRPC) asked the government to seek the Caretaker Cabinet's approval to use 20 billion baht (around $613 million) from the Central Budget. The government could not get loans from the financial institutions because of legality complications and it is struggling to sell rice from its stockpile because of concerns over the quality of rice. The Deputy Commerce Minister says the government is planning to auction more than 500,000 tons of rice and sell another 200,000 tons of rice through the Agricultural Futures Exchange of Thailand (AFET) this week. He says that the quality of rice was up to standard.Meanwhile, some farmer groups have filed petition with the Central Administrative Court asking it to immediately scrap the rice pledging scheme. They said the scheme poses a direct competitive threat to private businesses as the government proposed to buy all the rice from farmers. They named the Caretaker Prime Minister, the Commerce Minister, the Permanent Secretary for Commerce and the National Rice Policy Committee as defendants in the case. Tags: Thailand rice mortgage program Nigeria Considers Lower Import Tariff on Rice Feb 25, 2014 Nigeria’s Minister of Finance and the Minister of Agriculture and Rural Development are consulting with the President to slash the import duties on rice, according to local sources.At an event organized by the Manufactures Association of Nigeria (MAN) in Lagos, the Minister of Finance, who is also the Coordinating Minister for the Economy, said that the existing 100% duty and 10% levy on rice imports need to be reviewed in the light of loss of several billions of dollars in customs revenue and increasing smuggling via land borders. She said, “The 100 per cent duty and 10 per cent levy on rice has led to an increase in the nation’s rice output especially in the North and it has created jobs but it has also caused a significant reduction in customs revenue and has been largely hijacked by smugglers and neighboring countries. ”Nigeria is keen on increasing domestic rice production and is planning to ban rice imports from 2015. However, industry sources and other stakeholders want the government to postpone the import ban to 2019 as the country is still not ready for large-scale commercial production and the decision may be counter-productive to the country's economy.According to the USDA, Nigeria’s rice production is expected to reach about 2.8 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
million tons in MY 2013-14, up 17% from 2.4 million tons produced in the MY 2012-13. However, consumption is estimated to increase by 11% to 6 million tons from 5.4 million tons in MY 2012-13. The US agency estimates Nigeria’s rice imports in MY 2013-14 at around 3 million tons, up about 3.5% from around 2.9 million tons imported in MY 2012-13. Tags: Nigeria rice import tariff Pakistan Government Neglects Power Problems of Parboiling Rice Industry Feb 25, 2014 Parboiled rice processing units in Pakistan’s Sindh and Punjab provinces are facing difficulty due to lack of gas supply and power load-shedding and the government is indifferent to the problems faced by the parboiled rice industry.According to local sources, nearly 160 out of 200 parboiling processing units have been shut down in the Sindh province in the last two years due to power shortages. Many of units’ owners prefer to produce white rice by removing husk rather than parboiled rice. Most of the manufacturers have invested huge amounts and installed imported modern plants during the last ten years to meet the increased demand for the country's parboiled rice for foreign markets. Many of them have installed generators to overcome the power shortages but their production costs have gone up tremendously and their earnings are insufficient to cover their costs. The owners of parboiled processing units have many times requested the government to address their problems, but in vain. Recently, the President of the Union of Small and Medium Enterprises (UNISAME) has sought urgent measures from the government for the revival of the country's parboiled industry.Parboiling improves the nutritional value of rice and changes its texture and the health benefits associated with this type of rice are immense as the process nutrients such as thiamine from the bran into the grain. Pakistan's parboiled rice has heavy demand from Saudi Arabia, the U.S. and Africa.Pakistan exported 1.76 million tons of rice during the first seven months of the FY 2013-14 (July - June), according to the Pakistan Bureau of Statistics. The country's non-basmati exports, including parboiled rice exports increased by 2% to reach 205,403 tons during the first seven months of FY 2013-14, up from 201,150 tons in FY 2012-13. Tags: Pakistan parboiled rice Rice Husk Can Fuel Power Plants in Rice Mills, Finds Study Feb 25, 2014 Rice husk, which is mostly a waste product from rice milling, can be used to generate power in rice mills, according to a study by the Affiliated Renewable Energy Center, Central Philippine University (CPUAREC).The study on “Rice Husk potential as Energy Source in Panay, Philippines” finds that rice husk can be used to generate energy, which can be alternately used for other purposes like drying in the rice mills. According to Mr. Jeriel G. Militar, Project Director of CPU-AREC, approximately 290 kilograms of rice husk is obtained from a ton of paddy rice milled and it is usually left on paddy fields to be decayed or burned. Most of the mills face difficulty in disposing it. Though the rice husk is used as fuel for cook stoves, pottery kilns, ovens and dyers, its use is by far very limited.According to the study, rice husk has high calorific value of about 3,000 kcal/kg and it is a renewable source of energy as well as a non-carbon fuel. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874
Mr. Militar and team found that one ton of rice husk can produce approximately 726.46 Kilo watts of energy per hour and 82.93 megawatts of power. They recommend setting up of rice husk fueled power plants in rice mills.However generating power from rice husk has some disadvantages. Rice husk is difficult to store because of its bulky nature and ash content from rice husk (17 - 26%) is much more than that from wood (0.2 - 2%) and coal (12.2%). The total cost of setting up plant and running it is pretty high. Mr.Militar and his team are identifying rice mills which are ready to invest in rice husk power plants in each municipality in the Panay province of the Philippines. However, the study will be useful in countries such as Pakistan, where power costs are high and supply is inconsistent. The team is also considering recommendations of earlier studies on the subject. According to previous studies, direct combustion is recommended for most heat applications and gasification is recommended for small to medium scale applications. Already some rice mills in Nueva Ecija province are using 'Flatbed Paddy Dryer' using direct combustion and 'Flatbed Paddy Dryer' using gasifier. Similarly a rice mill in Isabela province has set up 1-MW rice husk fueled Power Plant and another mill in the same province has set up a 2- MW Power Plant.The study also says that the Philippines government is providing various incentives for energy utilization of rice husk under the Renewable Energy Law. Tags: Rice husk, Affiliated Renewable Energy Center, Central Philippine University (CPU-AREC) Italy Rice Producers Sell 36,897 Tons of Paddy February 11-18 Feb 24, 2014 More than half of Italy’s rice paddy has been sold. Remaining paddy stocks for the 2013-14 crop year amount to 694,979 tons, with sales totaling 752,804 tons (52% of production). There are about 7 or 8 months before the next harvest.Paddy production in 2013-2014 was 1,447,783 tons (down 9% from 1,595,688 tons in 2012-2013). Last year at the same time, 812,955 tons of paddy were already sold, equivalent to 49% of production, and remaining supplies amounted to 834,048 tons.Long A varieties, for the domestic market, still register the highest demand: they represent almost half of the 36,897 tons sold in the week February 11-18.In that week, rice growers sold 17,592 tons of Long A paddy; 9,774 of round paddy varieties; 9,065 of Long B varieties and 466 tons of medium varieties. As of February 18, 46% of round grain, 56% of medium grain, 63% of Long A and 45% of Long B varieties have been sold. Tags: italy rice production Oryza Rice Currency Analysis for Today – China Yuan Down 0.4% Feb 25, 2014 U.S. dollar index was down -0.08% from the open today, when it traded at 80.136 at the close. Euro was stronger +0.05% by the close, trading around 1.3742 by end of day, after trading between an intraday high of 1.3767 and low of 1.3716. Thai baht was weaker -0.04%, trading at 32.553 at the close of business. 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
Indian rupee was +0.17% stronger at 61.9575. Brazilian real was virtually unchanged, when it ended at 2.3414 reais per dollar. Pakistan rupee was -0.07% weaker at 105.0600. Vietnamese dong was unchanged at 21105. Mexican peso was stronger +0.25% today, when it traded at 13.2294 pesos per dollar by the close of business today. Chinese yuan was weaker -0.42%, trading at 6.1234. Argentine peso was -0.20% weaker, trading at 7.8691 pesos per dollar. Tags: foreign exchange rates Oryza Global Rice Quotes February 25th, 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 390-400 ↔ 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 ↔ Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874
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% 945-955 Vietnam Jasmine 525-535 ↔ India basmati 2% broken 1515 -1525 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 Egypt medium grain 6% 620-630 NQ ↔ ↔ ↔ ↔ ↔ For Advertising SPECS & RATES Contact: Advertising Department Mujahid Ali firstname.lastname@example.org +92 321 369 2874 ↑ ↔ ↔ ↔ All prices USD per ton, FOB vessel, oryza.com 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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