11th june (thursday),2015 daily exclusive oryza e rice newsletter by riceplus magazine

1 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine |

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June 11 ,2015




Argentina Exports 92,512 Tons of Rice in

First Three Months of 2015; Down 25% from

Previous Year

Jun 10, 2015

Argentina has exported around 92,512 tons in the first three months of 2015 (January - March)

down about 25% from around 123,882 tons exported during the same period in 2014, according

to data from the Ministry of Agriculture in Argentina. In March 2015, Argentina exported

around 37,589 tons of rice, down about 11% from around 42,161 tons in February 2015 and

down about 26% from around 50,542 tons exported in March 2014.Argentina exported around

29,067 tons of rice to Cuba (about 77% of total March 2015 exports), around 3,354 tons of rice




to Chile (about 9% of March 2015 exports), around 2,252 tons of rice to Bolivia (about 6% of

March 2015 exports), and around 1,291 tons of rice to Brazil (about 3% of March 2015 exports)

in March 2015. It exported the remaining 4% or around 1,625 tons of rice to Belgium (500 tons),

Canada (259 tons), Denmark (61 tons), the U.S. (324 tons), Israel (92 tons), Nicaragua (360 tons)

and Paraguay (29 tons) during the month.

Global Rice Quotes

June 11th, 2015

Long grain white rice - high quality

Thailand 100% B grade 365-375 ↔

Vietnam 5% broken 350-360 ↔

India 5% broken 375-385 ↔

Pakistan 5% broken 380-390 ↓

Myanmar 5% broken 415-425 ↔

Cambodia 5% broken 430-440 ↔

U.S. 4% broken 465-475 ↔

Uruguay 5% broken 565-575 ↔

Argentina 5% broken 555-565 ↔

Long grain white rice - low quality

Thailand 25% broken 340-350 ↔





Pakistan 25% broken 335-345 ↓

Cambodia 25% broken 410-420 ↔

India 25% broken 360-370 ↔

U.S. 15% broken 455-465 ↔

Long grain parboiled rice

Thailand parboiled 100% stxd 360-370 ↔

Pakistan parboiled 5% broken stxd 410-420 ↔

India parboiled 5% broken stxd 355-365 ↔

U.S. parboiled 4% broken 555-565 ↔

Brazil parboiled 5% broken 570-580 ↔

Uruguay parboiled 5% broken NQ ↔

Long grain fragrant rice

Thailand Hommali 92% 840-850 ↔

Vietnam Jasmine 475-485 ↔

India basmati 2% broken NQ ↔

Pakistan basmati 2% broken NQ ↔

Cambodia Phka Mails 820-830 ↔

Brokens

Thailand A1 Super 315-325 ↔





Pakistan 100% broken stxd 295-305 ↔

Cambodia A1 Super 350-360 ↔

India 100% broken stxd 280-290 ↔

Egypt medium grain brokens NQ ↔

U.S. pet food 365-375 ↔

Brazil half grain NQ ↔

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

Brazil Rice Stocks Stand at 128,119 Tons in

May 2015; Down 4% m/m and 77% y/y




Jun 10, 2015

Brazil rice stocks stood at around 128,119 tons in May 2015, down about 4% from around

134,126 tons in April 2015 and down about 77% from around 554,554 tons in May 2014,

according to the country's national grain supplying agency Conab.According to Conab, rice

stocks with the Selling Option Contract of Agricultural Products (OPCAO) have declined to

around 75,732 tons, down about 7% from last month's level of around 81,570 tons and down

about 78% from around 342,502 tons in May 2014. Rice stocks with Federal Government

Acquisition (AGF) remained at last month's level of 52,213 tons and down about 75% from

around 211,230 tons in May 2014. Rice stocks with farmers (Agricultural Familiar) stood at

around 174 tons in May 2015, down 49% from around 343 tons in April 2015 and down about

79% from around 822 tons in May 2014.

In May 2015, Brazil’s National Grains Supply Company (Conab) has forecasted the country's

2014-15 paddy rice production at around 12.399 million tons (around 8.43 million tons, basis

milled), up about 2% from around 12.121 million tons (around 8.24 million tons, basis milled) in

2013-14, and slightly up from its April forecast of around 12.397 million tons.

Brazil Exports 482,926 Tons of Rice in First

Five Months of 2015

Jun 10, 2015




Brazil has exported around 482,926 tons of rice in the first five months (January – May) of 2015,

according to data released by the Rice Institute of Rio Grande do Sul (IRGA).In May 2015,

Brazil exported around 171,567 tons of rice, about 3.5 times more than 48,980 tons exported in

April 2015.Cuba remained the largest importer of Brazilian rice in May 2015 with around 85,294

tons, or about 50% of Brazil's total rice exports during the month. Sierra Leone accounted for

around 28,235 tons (about 16% of Brazil's total exports during the month); Switzerland

accounted for around 14,559 tons (about 8.5% of Brazil's total exports during the month);

Gambia accounted for 11,765 tons (about 7% of Brazil's total exports during the month); and

Peru accounted for around 8,566 tons (about 5% of Brazil's total exports during the

month).Senegal (5,147 tons), Bolivia (1,812 tons), U.S. (1,977 tons), Saudi Arabia (3,305 ton),

Cape Verde (2,280 tons), Trinidad Tobago (1 ton), Costa Rica (368 tons), Chile (768 tons),

Angola (1,215 tons), Panama (221 tons), Belgium (368 tons), Canada (73 tons), South Africa (74

tons) and others (5,549 tons) accounted for the remaining 13% of Brazil's total rice exports in




May 2015.Brazil exported around 1.24 million tons of rice in 2014, up about 2.4% from around

1.209 million tons exported in 2013, according to data from IRGA.

India Rice Stocks in Central Pool Stand at

22.485 Million Tons as of June 1, 2015; Down

20% from Last Year

Jun 10, 2015

India’s rice stocks in the central pool as of June 1, 2015 stood at around 22.485 million tons

(including a milled equivalent of about 9.234 million tons of paddy), down about 20% from

around 28.03 million tons recorded during the same period last year, according to data from the

Food Corporation of India (FCI).Month-over-month, India's rice stocks in the central pool are

slightly up from around 22.23 million tons recorded on May 1, 2015. However, current rice

stocks are about 84% more than the required buffer and strategic reserve norms of around 12.2

million tons for this time of the year, according to the FCI.




Total food grain stocks (including rice and wheat) in the central pool stand at around 63.02

million tons as of June 1, 2015, down about 11% from last year's stock of around 70.805 million

tons and up about 11% from last month's stock of around 56.586 million tons. Wheat stocks

stand at around 40.351 million tons, down about 3% from last year's stock of around 41.586

million tons and up about 18% from last month's stock of around 34.127 million tons.The

government of India had revised the buffer norms for food grains, including rice, in the Central

Pool in January this year. According to the new norms, buffer stocks for food grains to be

maintained with the FCI at this part of the year is 21.04 million tons. Current norms are 21.2

million tons.

Oryza Afternoon Recap - Chicago Rough

Rice Futures Dragged Down as Bearish

Wheat S&D Report Sends Grain Complex

Lower

Jun 10, 2015

rice futures for Jul delivery settled 11 cents per cwt (about $2 per ton) lower at $9.870 per cwt

(about $218 per ton). The other grains closed lower as wheat dragged the complex lower in

response to a bearish USDA S&D report; Soybeans closed about 0.2% lower at $9.4950 per

bushel; wheat finished about 3.5% lower at $5.1350 per bushel, and corn finished the day about

2.1% lower at $3.5725 per bushel.U.S. stocks traded 1% higher on Wednesday in light volume as

the rise in yields on signs of global economic growth encouraged investors, amid encouraging

reports on Greece. The Dow Jones industrial average extended gains to trade 250 points higher

as traders cheered a Bloomberg report that Germany is said to consider offering Greek Prime

Minister Alexis Tsipras aid in return for committing to one economic reform, sources familiar

with Germany's position told the news service.

In response, a government spokesman told Reuters that Germany will only accept a deal between

Athens and its creditors if it has the approval of all three lending operations. Traders also noted

short covering in Wednesday's broad-based stock rally, which sent the Dow as much as 280

points higher. In economic news, total weekly mortgage applications, showed an 8.4% jump on a

seasonally adjusted basis as buyers rushed to get mortgages ahead of rising rates. The Dow Jones

industrial average hasn't closed above the psychologically key level of 18,000 for the last four




trading sessions. The S&P has held within a range between 2,070 and 2,130 since early May.

The Dow Jones Industrial Average traded up 255 points, or 1.44%, at 18,019. The S&P 500

traded up 26 points, or 1.29%, at 2,106, with information technology leading all 10 sectors

higher. The Nasdaq traded up 67 points, or 1.36%, at 5,081. Gold is trading about 0.7% higher,

crude oil is seen trading about 1% higher, and the U.S. dollar is seen trading about 0.5% lower at

about 1:00pm Chicago time.Tuesday, there were 948 contracts traded, up from 506 contracts

traded on Monday. Open interest – the number of contracts outstanding – on Tuesday increased

by 272 contracts to 12,034.

Oryza Overnight Recap – Chicago Rough

Rice Futures Little Changed ahead of USDA

S&D Update

Jun 10, 2015

Chicago rough rice futures for Jul delivery are currently seen trading 0.5 cents per cwt (about

$0.11 per ton) higher at $9.975 per cwt (about $220 per ton) during early floor trading in

Chicago. The other grains are seen trading higher; soybeans are currently seen trading about

0.6% higher, wheat is listed about 0.7% higher and corn is currently noted about 0.3%

higher.U.S. stock futures pointed to a slightly higher open for Wall Street shares on Wednesday,

as focus once again turned to rising yields in government bond markets.

The yield on the benchmark 10-year Treasury climbed to a new eight-month peak of around

2.47% in the European session, pulled higher as the German Bund yield pushed above the 1%

psychological barrier. In morning London trade, stock futures for the Dow Jones industrial

average, S&P 500 and Nasdaq all traded in positive territory. There is no significant economic

data due this session.Total weekly mortgage application volume jumped 8.4% on a seasonally

adjusted basis as buyers rushed to get mortgages ahead of rising rates.

U.S. stocks closed narrowly mixed on Tuesday as investors weighed a rise in U.S. bond yields

following further signs of improvement in the jobs market that could encourage the Federal

Reserve to raise rates sooner rather than later. Gold is currently trading about 1% higher, crude

oil is seen trading about 2.4% higher, and the U.S. dollar is currently trading about 0.6% lower

at 8:30am Chicago time.




Oryza U.S. Rough Rice Recap - Market

Shrugs off WASDE Report; Prices Hold

Steady

Jun 10, 2015

The U.S. cash market was unchanged following today’s USDA WASDE report which was

mostly a non-event, showing a slightly bearish outlook for U.S. long grain stocks and a more

favorable outlook for global stocks.The USDA increased their old crop long grain ending stocks

by 0.5 million cwts (22,680 tons) on account of increased long grain imports which in turn

pegged ending stocks at 28.6 million cwts (1.30 million tons).As for new crop, the USDA left all

of their production, usage, and export figures unchanged however they increased their long grain

import figure by 0.5 million cwts (22,680 tons).

This is in turn put next year’s long grain ending stocks at 35.1 million cwts (1.59 million ton) or

6.5 million cwts (0.29 million tons) more than the 2014/2015 marketing year and 18.9 million

cwts (0.86 million tons) more than the 2013/2014 marketing year.

Pakistan Rice Sellers Lower Some of Their

Quotes Today; Other Asia Rice Quotes

Unchanged

Jun 10, 2015

Pakistan rice sellers lowered their quotes for 5% broken rice by about a $5 per ton to around

$385 - $395 per ton today. Other Asia rice sellers kept their quotes mostly

unchanged.

5% Broken Rice

Thailand 5% rice is indicated at around $355 - $365 per ton, about a $5 per ton premium on

Vietnam 5% rice shown at around $350 - $360 per ton. India 5% rice is indicated at around $375




- $385 per ton, about a $15 per ton discount to Pakistan 5% rice shown at around $385 - $395 per

ton, down about a $5 per ton from yesterday.

25% Broken Rice

Thailand 25% rice is shown at around $340 - $350 per ton, about a $10 per ton premium on

Vietnam 25% rice shown at around $330- $340 per ton. India 25% rice is indicated at around

$360 - $370, about $10 per ton premium on Pakistan 25% rice shown at around $350 - $360 per

ton.

Parboiled Rice

Thailand parboiled rice is indicated at around $360 - $370 per ton. India parboiled rice is

indicated at around $355 - $365 per ton, about a $55 per ton discount to Pakistan parboiled rice

shown at around $410 - $420 per ton.

100% Broken Rice

Thailand broken rice, A1 Super, is indicated at around $315 - $325 per ton, on par with Vietnam

100% broken rice shown at around $315 - $325 per ton. India's 100% broken rice is shown at

around $280 - $290 per ton, about a $15 per ton discount to Pakistan broken sortexed rice shown

at around $295 - $305 per ton.

Thailand Rice Exports Decline Sharply in

April 2015

Jun 10, 2015

Thai rice exports declined sharply in April 2015 after increasing continuously for three months

since the beginning of this year, according to data from Thai Rice Exporters Association

(TREA). Thailand has exported around 700,011 tons of rice in April 2015, down about 11%

from around 785,891 tons exported in March 2015, and down about 5% from around 737,648

tons exported in April 2014, according to TREA. The decline is attributed to falling global rice

prices. Earlier, a TREA official noted that importers are holding their demand with an

expectation of further fall in prices.




In value terms, Thailand’s rice exports earned about $340.10 million from total rice exports in

April 2015, down about 12% from around $384.9 million earned in March 2015, and down about

4% from around $353.7 million earned in April 2014.In April 2015, white rice exports accounted

for around 301,843 tons (about 43% of total April 2015 exports), Hom Mali rice exports

accounted for about 113,640 tons (about 16% of total April exports), brokens accounted for

86,030 tons (about 12.3% of total April 2015 exports), glutinous variety accounted for 12,756

tons (about 1.8% of total April 2015 exports), parboiled rice accounted for about 178,351 tons




(about 25% of total April 2015 exports) and husked/brown rice accounted for about 7,391 tons

(about 0.1% of total April 2015 exports).

Average export prices of all varieties of rice except parboiled and husked rice have declined

during the month. Average export prices of white rice witnessed the highest decline of about

26% month-on-month in April 2015, while average export prices of husked rice increased by

about 23% month-on-month during the month.Thailand exported around 2.83 million tons of rice

in the first four months of 2015, down about 4% from around 2.94 million tons exported during

the same period last year. Thai government is keen on exporting over 10 million tons of rice this

year.

Thailand Plans to Sell Stockpiled Rice to Low

Income People

Jun 10, 2015

Thailand's National Council for Peace and Order (NCPO)

has decided to sell stockpiled rice at affordable prices to

low-income earners as part of efforts to clear the

deteriorating government rice stocks as soon as possible,

local sources quoted the NCPO spokesman.The NCPO

spokesman told local sources that the decision had been

taken at a joint meeting between the NCPO and the

Cabinet on June 9 and state agencies have been instructed to arrange for sale of low quality rice

at community cooperative shops and military camps accordingly.He noted that the program

would be discussed with the Ministry of Agriculture and Cooperative as well as the Ministry of

Interior on June 12. He added that initially the Commerce Ministry would be instructed to select

quality grain from the government warehouses and the Ministry of Agriculture and Cooperative

would take charge of processing and packaging the rice. The Ministry of Interior would be

responsible for selling the packaged rice.The NCPO decision follows the Commerce Ministry

decision on June 8 to sell stockpiled rice directly to consumers in small packs.The government

currently has 16-17 million tons of rice in stocks and is keen on selling about 10 million tons of

rice this year and about 7 million tons next year. It sold about 1.28 million tons of rice raising

15.85 billion baht (around $471 million) in two auctions this year.The Ministry is preparing to

auction 1.06 million tons of rice on June 15.

11th june (thursday),2015 daily exclusive oryza e rice newsletter by riceplus magazine

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