Daily Exclusive ORYZA Rice E-Newsletter

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August 06, 2015

Vol 5.Issue XIII

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Asia Rice Quotes Unchanged Today

Aug 05, 2015

Asia rice sellers kept their quotes mostly unchanged today.

5% Broken Rice
Thailand 5% rice is indicated at around $365 - $375 per ton, about $30 per ton premium on
Vietnam 5% rice shown at around $335 - $345 per ton. India 5% rice is indicated at around $385
- $395 per ton, about $40 per ton premium on Pakistan 5% rice shown at around $345 - $355 per
ton.
25% Broken Rice
Thailand 25% rice is shown at around $350 - $360 per ton, about $25 per ton premium on
Vietnam 25% rice shown at around $325- $335 per ton. India 25% rice is indicated at around
$350 - $360, about $35 per ton premium on Pakistan 25% rice shown at around $315 - $325 per
ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $380 - $390 per ton. India parboiled rice is
indicated at around $375- $385 per ton, about $40 per ton discount to Pakistan parboiled rice was
last shown at around $415 - $425 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is indicated at around $320 - $330 per ton, about $10 per ton
from premium on Vietnam 100% broken rice shown at around $310 - $320 per ton. India's 100%
broken rice is shown at around $305 - $315 per ton, about $20 per ton premium on Pakistan
broken sortexed rice shown at around $285 - $295 per ton.

Bangladesh Develops New Zinc-Enriched

Rice Variety
Aug 05, 2015

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The Bangladesh Rice Research Institute (BRRI) has developed a new zinc-enriched rice variety
BRRI Dhan72, which is also an early maturing and high yielding variety, according to local
sources.
BRRI Dhan72 is the second zinc-enriched Aman variety developed by the BRRI. The first one,
BRRI Dhan 62 was developed in August 2013 as the world's first biologically fortified (biofortified) high-yielding zinc variety.
The National Seed Board released the new rice breed on July 12, 2015 and the seeds will be
made available for farmers for cultivation in the next Aman season (June - November 2016).
Local sources noted that BRRI Dhan72 provides an yield of around 5.7 tons per hectares
compared to around 4.5 tons per hectare provided by its predecessor BRRI Dhan62. They also
noted that the newer variety is nutritionally richer than BRRI Dhan62. It reportedly contains 22.8
milligram of zinc per kilogram compared to around 19.8 milligram per kilogram of BRRI
Dhan62. The new variety also matures in 125 days.

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Bio-fortification is a process used to increase nutritional value of crops, and it can be done
through conventional selective breeding or genetic engineering. It is understood that the new rice
variety has been bio-fortified through conventional selective breeding.
The BRRI Director General told local sources that zinc is an important nutrient and is vital for
children's natural growth and immune system. He noted that though it is found in a wide variety
of fruits and vegetables, most of the Bangladeshis cannot affor them. He therefore urged the
government to encourage to increase cultivation of the new rice variety. He added that of all
Aman rice varieties developed so far, BR11 is most popular among farmers. However, given the
benefits of BRRI Dhan72 over BR11, farmers must be encouraged to switch to BRRI dhan72.
The research related to the development of BRRI Dhan72 has been funded by the Bill and
Melinda Gates Foundation.
USDA estimates Bangladesh to produce around 35 million tons of milled rice (around 52.51
million tons, basis paddy) in MY 2015-16 (May - April), up about 1% from an estimated 34.5
million tons (around 51.76 million tons, basis paddy) in MY 2014-15. It estimates Bangladesh to
import around 1.1 million tons of rice in 2015, up about 45% from an estimated 751,000 tons in
2014.

Global Rice Quotes

August 5th, 2015

Long grain white rice - high quality

Thailand 100% B grade 375-385

Vietnam 5% broken

335-345

India 5% broken

385-395

Pakistan 5% broken

345-355

Myanmar 5% broken

400-410

Cambodia 5% broken

425-435

U.S. 4% broken 470-480

Uruguay 5% broken

535-545

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Argentina 5% broken

530-540

Long grain white rice - low quality

Thailand 25% broken

350-360

Vietnam 25% broken

325-335

Pakistan 25% broken

315-325

Cambodia 25% broken 410-420

India 25% broken

350-360

U.S. 15% broken

445-455

Long grain parboiled rice

Thailand parboiled 100% stxd

375-385

Pakistan parboiled 5% broken stxd

415-425

India parboiled 5% broken stxd 375-385

U.S. parboiled 4% broken

555-565

Brazil parboiled 5% broken

545-555

Uruguay parboiled 5% broken NQ

Long grain fragrant rice

Thailand Hommali 92% 860-870

Vietnam Jasmine

485-495

India basmati 2% broken

NQ

Pakistan basmati 2% broken

NQ

Cambodia Phka Mails

835-845

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Brokens
Thailand A1 Super

320-320

Vietnam 100% broken 310-320

Pakistan 100% broken stxd

Cambodia A1 Super

285-295

350-360

India 100% broken stxd 305-315

Egypt medium grain brokens

NQ

U.S. pet food

325-335

Brazil half grain NQ

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

Oryza Afternoon Recap - Chicago Rough

Rice Futures Trade Higher Supported by
Rally in Grain Prices and Despite Falling
Crude
Aug 05, 2015

Chicago rough rice futures for Sep delivery settled 8.5 cents per cwt (about $2 per ton) higher at
$11.540 per cwt (about $254 per ton). The other grains finished the day higher; Soybeans closed
about 1.2% higher at $9.5325 per bushel; wheat finished about 1.7% higher at $5.0200 per
bushel, and corn finished the day about 1.2% higher at $3.8325 per bushel.
U.S. stocks traded in a range on Wednesday as a renewed decline in oil and some disappointing
earnings weighed on investor sentiment, amid data and mixed comments from Fed speakers on
the timing of a rate hike. Stocks gave back early gains in midday trade as oil reversed to trade
more than 1% lower as investors remained concerned about oversupply. Energy was one of two
lagging sectors in the S&P 500. In economic news, the ADP report came in at 185,000, below
expectations for 215,000 private-sector payrolls.
The July trade report posted a deficit of $43.84 billion. The Dow Jones Industrial Average traded
down 19 points, or 0.11%, at 17,532. The S&P 500 traded up 5 points, or 0.26%, at 2,098, with

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information technology leading eight sectors higher and energy and consumer discretionary the
only laggards. Consumer staples hit an all-time high. The Nasdaq traded up 33 points, or 0.65%,
at 5,138. Gold is trading about 0.5% lower, crude oil is seen trading about 1.3% lower, and the
U.S. dollar is seen trading nearly unchagned at about 1:00pm Chicago time.
Tuesday, there were 2,766 contracts traded, up from 1,100 contracts traded on Monday. Open interest
the number of contracts outstanding on Tuesday increased by 471 contracts to 9,418

Government of Thailand Expects Fifth Rice

Auction to Draw High Interest
Aug 05, 2015

The government of Thailand is expecting the upcoming and fifth rice auction on August 11
would attract high interest from traders as the current demand for white and jasmine rice are high

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during the harvest season, Bloomberg quoted the Deputy Director General of the Foreign Trade
Department (FTD).
The Commerce Ministry has offered to auction about 668,000 tons of stockpiled rice, comprising
11 types of rice, on August 11.
The FTD official noted that prices may not be impacted due to the auction as demand for Thai
rice in high in the international markets amid concerns of a low production in India due to a dry
spell as well as floods in Myanmar. However, resumption of rains in some areas have eased the
drought problem and prices may fall to some extent, she said.
Currently, export prices of Thai 5% rice are at around $365 per ton and those of Thai jasmine
rice are at around $865 per ton.
The government still has about 15.11 million tons of rice in its stockpile.

Oryza Overnight Recap Chicago Rough

Rice Futures Move Higher on Supportive
Action in US Grain Markets
Aug 05, 2015

Chicago rough rice futures for Sep delivery are currently seen trading 8 cents per cwt (about $2
per ton) higher at $11.535 per cwt (about $254 per ton) during early floor trading in
Chicago. The other grains are seen trading higher this morning; soybeans are currently seen
trading about 1.1% higher, wheat is listed about 0.8% higher and corn is currently noted about
0.7% higher.
U.S. stocks traded higher on Wednesday as investors digested economic data and mixed
comments from Fed speakers on the timing of a rate hike. In economic news, the ADP report
came in at 185,000, below expectations for 215,000 private-sector payrolls. Earlier, futures
fluctuated ahead of the ADP payroll data, which is not seen as an exact preview for Friday's jobs
report but it can give directional hints, and the market watches it for any big surprises.
Meanwhile, economists forecast 223,000 nonfarm payrolls in the government's employment
report Friday, and that is one of the final key pieces of data the Fed will review before it
September meeting.
Overnight, markets digested hawkish comments from FOMC voting member and Atlanta Fed
President Dennis Lockhart who spoke to The Wall Street Journal. Lockhart said the economy is

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ready for an increase in short term rates and it would have to deteriorate significantly for it to
persuade him not to move. The Dow Jones Industrial Average traded up 46 points, or 0.26%, at
17,595. The S&P 500 traded up 12 points, or 0.55%, at 2,104, with energy leading nine sectors
higher and consumer discretionary the only declining sector. The Nasdaq traded up 30 points, or
0.60%, at 5,136. Gold is currently trading about 0.1% lower, crude oil is seen trading about 1.6%
higher, and the U.S. dollar is currently trading about 0.2% lower at 9:00am Chicago time.

South Korea Purchases 11,000 Tons of NonGlutinous Rice in Tender

Aug 05, 2015

South Korea's state run Agro Fisheries & Food Trade Corporation (KAFTC) has purchased 11,000 tons of
non-glutinous brewers milled rice of Vietnamese origin at around $384.40 per ton for delivery by
November 15, 2015, according to a statement on its website.
KAFTC originally sought to purchase about 41,000 tons of non-glutinous rice via five international
tenders for which the bidding took place on July 31, 2015. The agency announced results for four
tenders on the same day and announced results for the remaining 11,000 tons today after sample tests.

Kuwait to Provide $13.6 Million Loan to

Chad to Boost Rice Production
Aug 05, 2015

Kuwait will help support rice production in Chad with a loan of KD 4 million (around $13.6
million), according to local sources.

The Kuwait Fund for Arab Economic Development (KFAED) has signed a loan agreement with
the government of Chad to help fund rice production in Chari-Logone perennial rice system.
KFAED's Deputy Director and Chad's Minister of Planning and International Cooperation signed
the loan agreement.

The KFAED officials told in a press statement that the fund aims to provide sustainable water
sources to irrigate 400 acres (around 160 hectares), increase farmers incomes as well as promote
food security in the country.

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According to USDA, Chad produces around 110,000 tons of milled rice and imports around
30,000 tons to meet an annual consumption demand of around 144,000 tons.

Timely, Adequate Monsoon Rains Expected

to Reduce Rice Production Costs, Stabilize
Prices in Pakistan
Aug 05, 2015

Agricultural experts in Pakistan have

expressed optimism that timely and
adequate rains in the ongoing monsoon
season will support the country's kharif
crop production, including rice, maize
and sugarcane, according to local
sources.They told local sources that
rice crop particularly needs more water
at the time of sowing and timely rains
have fulfilled this requirement. The
Executive District Officer of Punjab
Agriculture Department noted that
timely rains are also helping rice
farmers to lower their cost of production as most of them rely on tube wells to irrigate their
crops. Due to receiving sufficient rains, they could reduce their expenditures on diesel and
electricity required for running tube wells.
Experts also noted that the adequate monsoon rains are expected to stabilize rice prices during
the year.
In the July Crop Monitoring System Bulletin, the National Space Agency of Pakistan
(SUPARCO) and UNs Food and Agriculture Organization (FAO) report that the Federal
Committee on Agriculture (FCA) has fixed the 2015-16 (July - June) milled rice production
target at around 6.902 million tons (around 10.21 million tons, basis paddy) from around 2.836
million hectares. It is targeting an yield of around 2.434 tons per hectare in 2015-16.USDA
estimates Pakistan's MY 2014-15 (November - October) milled rice production to increase about
3% to around 6.9 million tons (around 10.35 million tons, basis paddy) from around 6.7 million
tons last year.

Daily Exclusive ORYZA Rice E-Newsletter

Contents are published with permission of ORYZA.com