24th September , 2013
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TOP Contents - Tailored for YOU Latest News Headlines…
India Scientists Use Vietnamese Rice Plant to Develop Blast-Resistant Rice Variety India Forecast to Remain World’s Largest Rice Exporter in 2014 Peru January – July 2013 Paddy Rice Production Up 5% from Last Year Panama Paddy Rice Prices Decline Slightly in August 2013 Oryza Rice Currency Analysis for Today – Markets Weigh U.S. Fed Action Down the Road Oryza Afternoon Recap – Chicago Rough Rice Futures Close a Touch Lower on Very Light Trading India, Vietnam Rice Sellers Lower Most of Their Quotes Taiwan Awards 16,000 Tons of 2013 U.S. Rice CSQ Oryza Quick Glance at World News Oryza Global Rice Quotes
NEWS DETAILS:
India Scientists Use Vietnamese Rice Plant to Develop Blast-Resistant Rice Variety Sep 23, 2013 Scientists in India’s Directorate of Rice Research (DRR) have used a resistant gene (Pi-54) found in Vietnamese rice variety (Tetep) to develop rice varieties that are naturally resistant to the blast disease which affects rice plants across the world.Scientists say that they have successfully introduced the blast resistant gene in popular rice varieties grown in India, and this could benefit millions of farmers in future. The new variety is likely to be available for commercial cultivation in the next Kharif season starting June 2014.Scientists at the DRR are also working on decoding the genes responsible for aroma in basmati rice, according to local sources. Tags: India rice
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India Forecast to Remain World’s Largest Rice Exporter in 2014
Sep 23, 2013
India is expected to remain the world’s largest rice exporter for the third consecutive year in calendar year 2014 based on adequate supplies and continued demand in Iran, the USDA says in its latest report.India exported around 10.25 million tons in 2012, ahead of the previous leader Thailand, which exported about 6.94 million tons of rice, and Vietnam which exported about 7.7 million tons of rice in the year. India’s rice exports in 2013 were earlier forecast at around 9.7 million tons, but the USDA raised it by around 3% or 300,000 tons to about 10 million tons based on strong sales to Iran. In its September 2013 report, the USDA also increased India’s rice export forecast for 2014 to around 9.3 million tons, up about 3.3% from around 9 million tons forecast in August 2013. The USDA says that India will
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be the largest global rice exporter in 2014 due to adequate supplies and expected continued strong sales to Iran. The USDA has increased Iran’s import forecast by around 300,000 tons for 2013 and 2014 each to around 1.8 million tons and 1.75 million tons respectively.In comparison, Vietnam’s rice exports in 2013 are forecast at around 7.4 million tons (unchanged from previous forecast), and about 7.8 million tons in 2014 (unchanged from previous forecast). Thailand’s rice exports in 2013 are forecast at around 7 million tons (unchanged from previous forecast), and about 8 million tons in 2014 (unchanged from previous forecast). However, rice exports by the U.S. are forecast at around 3.15 million tons in 2014, up about 50,000 tons from last month’s forecast due to larger expected area and yield, the USDA says.Total calendar year 2014 global rice trade is expected to increase to around 39 million tons, up about 350,000 tons from last month’s forecast and almost 700,000 million tons above 2013’s 38.3 million tons. Tags: India rice exports, Thailand rice exports, Vietnam rice exports, U.S. rice, Iran rice imports
Peru January – July 2013 Paddy Rice Production Up 5% from Last Year Sep 23, 2013
Peru's paddy rice production has reached around 2.35 million tons in January – July 2013, up about 5% from around 2.23 million tons produced in the same period last year, according to the National Institute of Statistics and Informatics (INEI).Paddy production in July 2013 stood at around 298,000 tons, down about 60% from around 734,000 tons produced in the previous month and down about 15% from around 350,000 tons produced in July 2012. However, Peru’s overall paddy rice production in 2013 is likely to match bumper
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production of around 2.94 million tons in the full year 2012, the second best on record. The main rice crop harvest in Peru usually runs from May – August, and paddy rice production in August – December 2012 stood at around 705,000 tons.The USDA estimates Peru’s paddy rice production to reach around 3 million tons (about 2.1 million tons, basis milled) in 2013, against a consumption of around 2.2 million tons (basis milled). Tags: Peru rice production
Panama Paddy Rice Prices Decline Slightly in August 2013
Sep 23, 2013
Average paddy rice prices in Panama stood at around 49.01 balboa per quintal (about $490 per ton, using August exchange rates) in August 2013, down slightly from around 49.26 balboa per quintal (about $492 per ton) in July 2013, according to the Panama Institute of Agricultural Marketing. However, average paddy prices
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in August 2013 are up about 4% from around 47 balboa per quintal (about $470 per ton, using historical exchange rates) recorded in August 2012. According to the USDA, Panama’s rice production in 2013-14 is estimated at around 150,000 tons, against a consumption demand of around 260,000 tons. Panama’s rice imports are expected to reach around 100,000 tons in 2013-14. Tags: Panama paddy rice prices
Oryza Rice Currency Analysis for Today – Markets Weigh U.S. Fed Action Down the Road Sep 23, 2013 U.S. dollar index was up +0.01% from the open today, when it traded at 80.440 at the close. Euro was -0.17% lower today by the close, trading around 1.3502 by end of day, after trading between an intraday high of 1.3554 and low of 1.3480. The market is still having a difficult time interpreting what the U.S. Federal Reserve will do about eventually tighting monetary policy. Thai baht was weaker -0.22%, trading at 31.180 at the close of business. Indian rupee was weaker -0.51%, finishing the day at 62.5975. Brazilian real was +0.58% stronger than the open at today’s close, when it ended at 2.1978 reais per dollar. Pakistan rupee was -0.18% weaker at the close, trading at 105.7717. Vietnamese dong was +0.05% stronger at 21110. Mexican peso was +0.44% stronger today, when it traded at 12.8008 pesos per dollar by the close of business today. Chinese yuan was almost unchanged at 6.1207. Argentine peso was -0.19% weaker at 5.7712 pesos per dollar. Tags: foreign exchange rates
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Oryza Afternoon Recap – Chicago Rough Rice Futures Close a Touch Lower on Very Light Trading Sep 23, 2013 Chicago rough rice futures for November delivery settled 1 cent per cwt (about $0.22 per ton) lower at $15.535 per cwt (about $342 per ton). Rough rice futures began the week on a slightly bearish note. Trade activity was very slow today with little in the way of market-moving news. The other grains were mixed today; soybeans finished the day about 0.6% lower at $13.0775 per bushel; wheat finished about 1.1% higher at $6.5350 per bushel; and corn finished the day about 0.5% higher at $4.5325 per bushel. U.S. stocks remained in the red Monday, extending sharp losses from the previous week, as investors digested headlines from Fed officials and amid ongoing worries over the debt ceiling and budget wrangling in Washington. The Dow Jones Industrial Average slid. The S&P 500 and the Nasdaq also declined. Most key S&P sectors were in the red, dragged by financials, while techs held modest gains. U.S. stock markets are currently trading down about 0.3%, gold is trading about 0.4% lower, crude oil is seen about 1.2% lower, and the U.S. dollar is seen trading unchanged at about 2:00pm Chicago time.Friday, there were 235 contracts traded, down from 414 contracts traded on Thursday. Open interest – the number of contracts outstanding – on Friday decreased by 34 contracts to 8,940. Tags: chicago rough rice futures
India, Vietnam Rice Sellers Lower Most of Their Quotes Sep 23, 2013 India rice sellers lowered most of their quotes by about $5 - $15 per ton today. Vietnam rice sellers lowered their quotes for 5% broken rice and 25% broken rice by about $5 per ton each to about $355 - $365 per ton and $330 - $340 per ton respectively. Thailand and Pakistan rice sellers kept their quotes unchanged. 5% Broken Rice Thai 5% rice is quoted around $420 - $430 per ton, about a $65 per ton premium over Viet 5% rice (of summerautumn crop 2013) shown around $355 - $365 per ton, down about $5 per ton from Friday. Indian 5% rice is quoted around $415 - $425 per ton, down about $15 per ton from Friday and about $25 per ton premium over Pak 5% rice (of new crop) quoted around $390 - $400per ton.
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25% Broken Rice Thai 25% rice is quoted about $405 - $415 per ton, about a $75 per ton premium over Viet 25% rice (of summer-autumn crop 2013) shown around $330 - $340 per ton, down about $5 per ton from Friday. Indian 25% rice is quoted about $375 - $385 per ton, down about $10 per ton from Friday and about a $35 per ton premium over Pak 25% rice (of new crop) quoted around $340-$350 per ton. Parboiled Rice Thai parboiled rice is quoted around $460 - $470 per ton. Indian parboiled rice is quoted around $405 - $415 per ton, down about $10 per ton from Friday and about a $15 per ton discount to Pak parboiled rice (of new crop) quoted around $420 - $430 per ton. 100% Broken Rice Thai broken rice, A1 Super, is quoted around $395 - $405 per ton, about a $70 per ton premium over Viet broken rice (of summer-autumn crop 2013) shown around $325 - $335 per ton. Indian broken sortexed rice is quoted about $315 - $325 per ton, down about $5 per ton from Friday and about a $25 per ton discount to Pak broken sortexed rice (of new crop) last indicated at around $340 - $350 per ton. Tags: Asia rice quotes, India rice quotes, Pakistan rice quotes, Thailand rice quotes, Vietnam rice quotes
Taiwan Awards 16,000 Tons of 2013 U.S. Rice CSQ Sep 23, 2013
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Taiwan successfully completed and awarded rice tenders to buy 16,000 tons of rice under the second tranche of 2013 U.S. Country Specific Quota (CSQ) Simultaneous Buy-Sell (SBS) tender in September 2013. Nine winning bidders were chosen for delivery by April 30, 2014 for public sector rice imports by Taiwan. With this, Taiwan has tendered and awarded 32,600 tons of 2013 U.S. rice CSQ under the SBS tender scheme, and the remaining 32,034 tons of 2013 U.S. rice CSQ will be tendered under the normal tender scheme, the USDA says.Taiwan also issued a tender for 2,500 tons of Egypt-origin rice on September 10, 2013, but the tender failed and is rescheduled to be held again this week. Australian and Thailand rice CSQ SBS tenders have also been announced by Taiwan. Tags: Taiwan rice imports
Oryza Quick Glance at World News Sep 23, 2013 Financial Times
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*Angela Merkel, the German chancellor, must on Monday start the hunt for a reliable coalition partner for a new government, after election results left her just five seats short of an absolute majority in the Bundestag. The outcome is seen as a remarkable personal victory for the chancellor, who steered her Christian Democrats to their best result in more than 20 years, winning 311 seats in the 630-seat parliament, a swing of 8 points to the largest party group. *Twitter is in discussions with banks about a new credit facility that could run into hundreds of millions of dollars, giving the internet company extra flexibility ahead of its initial public offering. Details of the loan are still being finalized but the deal would see Twitter follow the example of Facebook and Zynga by taking advantage of favorable lending conditions ahead of its IPO, which is expected this year. *Suicide bombers attacked a Christian church in Pakistan’s northern city of Peshawar on Sunday, killing at least 78 people including children and injuring more than 100 in one of the worst terror attacks on the Christian minority of recent years. *Typhoon Usagi pummeled Hong Kong with torrential rain and ferocious winds on Sunday evening, as the Chinese territory prepared for the full brunt of the monster storm. Hong Kong Observatory, the government weather agency, said the ―severe typhoon‖ made landfall in Guangdong province on Sunday evening. It was moving northwest at 22km an hour, and was expected to skirt 100km north of Hong Kong on Monday morning. *Disgraced Chinese leader Bo Xilai has been handed a life sentence for bribe taking, embezzlement, and abuse of power in a dramatic end to the most significant political trial in China in more than three decades. *Ed Davey, Secretary of State for Energy and Climate Change of Britain, will on Monday begin a 10-day visit to China to drum up inward investment in Britain’s next generation of power stations and offshore wind farms as London is officially taken out of the diplomatic ―deep freeze.‖ *Centrica has written off £240 million in investment after cancelling plans to build two gas storage facilities in the U.K., blaming ―weak economics for storage projects‖ and the government’s decision earlier this month to rule out subsidies to boost storage. *Ted Cruz, the conservative Texas senator, called on Republicans to stand united on a strategy to disrupt ―Obamacare‖ that could shut down the U.S. government early next week, even as a key ally expressed doubt about the move. Wall Street Journal*Janet Yellen, the lead candidate to succeed Federal Reserve Chairman Ben Bernanke, brings a demanding and harder-driving leadership style to the central bank, in contrast to Mr. Bernanke's low-key and often understated approach.
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*French oil company Total SA is planning to reduce its exposure to Europe to about 30% by 2017, the company's head of distribution operations told The Wall Street Journal. *Heavy rains continued in large parts of the Philippines’ main island of Luzon on Monday, with landslides in the coastal town of Subic northwest of Manila killing at least six people and burying seven homes while residents were left trying to get about in waist-high water. *Myanmar opposition leader Aung San Suu Kyi sketched out her vision for reform and economic growth during a visit to Singapore, saying the transition to civilian rule has been too slow and setting out her priorities for general elections in two years. She added that she wishes to contest the presidency in 2015 but the constitution, imposed by the former military rulers, must first be changed to allow her to run. *Greece began talks with international inspectors on Sunday that will set the stage for a third multibillion-euro bailout of the country, even as senior officials in Athens pointed to signs of a recovery after years of deep recession. *General Electric Company said it signed a $1.9 billion contract with Algeria to supply turbines for six power plants, a major contract win for the conglomerate's crucial but struggling power-turbine business. *France plans to push for new Europe-wide regulations and tax rules on U.S. Internet giants when E.U. leaders meet next month to discuss the bloc's digital challenges, according to documents reviewed by The Wall Street Journal. New York Times*Syrian President Bashar al-Assad criticized the U.S. for threatening to attack Syria over its chemical weapons program, saying it was finding "excuses for war", China's state television said on Monday. *Prime Minister Benjamin Netanyahu of Israel, stepping up his effort to blunt a diplomatic offensive by Iran, plans to warn the U.N. next week that a nuclear deal with the Iranian government could be a trap similar to one set by North Korea eight years ago, according to an Israeli official involved in drafting the speech. *Eurozone , Markit's Flash Composite Purchasing Managers' Index (PMI) jumped to 52.1 from last month's 51.5, its highest since June 2011 and beating expectations for 51.9, adding to signs that the economy is healing. *Centrica said it would incur 240 million pounds in costs after it abandoned plans for a new-build gas storage project in the U.K.'s southern North Sea and put another in Yorkshire, northern England, on hold indefinitely. *Opposition lawmakers boycotted the opening of Cambodia's parliament on Monday, threatening a constitutional crisis, after the authorities refused to hold an independent inquiry into alleged vote-rigging by the party of Prime Minister Hun Sen.
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*China HSBC manufacturing purchasing managers index — a survey that takes the temperature of China’s important factory sector — rose to 51.2 in September, from 50.1, topping analysts’ expectations. Tags: World news
Oryza Global Rice Quotes September 23rd, 2013 Long grain white rice - high quality Thailand 100% B grade 430-440 Vietnam 5% broken 355-365 ↓ India 5% broken 415-425 ↓ Pakistan 5% broken 390-400 ↔ Cambodia 5% broken 445-455 ↔ U.S. 4% broken 595-605 ↔ Uruguay 5% broken 615-625 ↔ Argentina 5% broken 615-625 ↔ Long grain white rice - low quality Thailand 25% broken 405-415 ↔ Vietnam 25% broken 330-340 ↓ Pakistan 25% broken 340-350 ↔ India 25% broken 375-385 ↓ U.S. Calrose 4% broken 570-580
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Long grain parboiled rice Thailand parboiled 100% stxd 460-470 Pakistan parboiled 5% broken stxd 420-430 India parboiled 5% broken stxd 405-415 U.S. parboiled 4% broken 660-670 ↔ Brazil parboiled 5% broken 545-555 ↔ Uruguay parboiled 5% broken NQ ↔ Long grain fragrant rice Thailand Hommali 92% 1110-1120 Vietnam Jasmine 505-515 ↔ India basmati 2% broken 1515 -1525 Pakistan basmati 2% broken NQ ↔
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Brokens Thailand A1 Super 395-405 ↔ Vietnam 100% broken 325-335 Pakistan 100% broken stxd 340-350 India 100% Broken stxd 315-325 Egypt medium grain brokens NQ ↔ U.S. pet food 365-375 ↔ Brazil half grain 325-335 ↔ Medium grain milled U.S. Calrose 4% broken Egypt medium grain 6%
645-655 NQ ↔
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All prices USD per ton, FOB vessel, oryza.com
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