12th november,2014 daily exclusive oryza e newsletter by riceplus magazine

Daily Exclusive ORYZA E-Newsletter by Riceplus Magazine www.ricepluss.com

Daily Exclusive ORYZA E-Newsletter 12th November, 2014 Today’s News Headlines…            

ABARES Forecasts Australia 2014-15 Paddy Rice Production at 894,000 Tons, Up 7% from Last Year Asian and African Rice Prices Show Mixed Trends in October 2014 Asia Rice Quotes Unchanged Today Iraq Issues International Tender to Purchase Minimum 30,000 Tons of Rice South Korea and China Leaders Conclude FTA; Exclude Rice from Deal Oryza Overnight Recap - Chicago Rough Rice Futures Continue Lower in Search for a Bottom as S&D Report Fails to Provide Much Needed Support Oryza Afternoon Recap - Chicago Rough Rice Futures Unable to Maintain Midday Recovery, Continue to Add to Losses Oryza U.S. Rough Rice Recap - Price Continue to Fall in OverSupplied Market Oryza Overnight Recap - Chicago Rough Rice Futures Continue Lower in Search for a Bottom as S&D Report Fails to Provide Much Needed Support South Korea and China Leaders Conclude FTA; Exclude Rice from Deal Rising Up Against the Rice Pest Family, One By One Global Rice Quotes

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Daily Exclusive ORYZA E-Newsletter by Riceplus Magazine News Detail‌.

ABARES Forecasts Australia 2014-15 Paddy Rice Production at 894,000 Tons, Up 7% from Last Year Nov 11, 2014

Australia's paddy rice production in MY 201415 (April 2014 - March 2015) is estimated to increase to around 894,000 tons, up about 7% from an estimated 833,000 million tons in MY 2013-14, according to data from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).n its September crop outlook report, the ABARES attributes the increase in paddy rice production to an increase in planting area during the marketing year. Paddy rice planting area is expected to increase to 91,000 hectares, up about 20% from an estimated 76,000 hectares in the previous year due to resumption of the supply of irrigation water to the rice growing regions. It estimates the country's paddy rice yield at around 9.88 tons per hectare.

About 99% of paddy rice is produced in New South Wales. In its August crop outlook report, the ABARES estimated the paddy rice production in the region at around 890,000 tons from around 90,000 hectares of planted area. The region is expected to produce a yield of about 9.89 tons per hectare during the marketing year.

USDA estimates Australian paddy rice production to decline to around 700,000 tons (around 504,000 tons of rice, basis milled) in MY 2014-15 (April - March), down about 15% from an estimated 833,000 tons of paddy rice (around 600,000 tons of rice, basis milled) produced last year. It estimates Australia to produce a yield of 10 tons per hectare during the marketing year, down about 9% from around 10.96 tons per hectare produced last year.

Tags: Australia rice production, Australia rice acreage, Australia rice yield

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Daily Exclusive ORYZA E-Newsletter by Riceplus Magazine

Asian and African Rice Prices Show Mixed Trends in October 2014 Nov 11, 2014

Domestic rice prices in the Ebola-affected countries such as Guinea, Liberia and Sierra Leone have increased or remained stable in October 2014 as major seaports have been functioning and rice imports have not been affected, according to the UN's Food and Agricultural Organization (FAO). While prices of imported rice remained stable in Guinea and Sierra Leone, they increased slightly in Liberia. Rice prices of locally produced rice in Madagascar increased moderately in October but were lower than imported rice due to increasing supplies from ongoing harvests.

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Daily Exclusive ORYZA E-Newsletter by Riceplus Magazine Meanwhile, domestic rice prices in Asia have shown mixed trends in October 2014, according to the FAO. While domestic rice prices in Myanmar, Vietnam and the Philippines declined sharply, prices increased in Sri Lanka.

Wholesale rice prices in Thailand remained stable in October 2104 due to lower export activity.

Retail prices of Japonica rice in China also remained relatively stable due to strong domestic demand and high support prices. Prices in Bangladesh remained stable in October as the government procurement of Boro crop output offset the downward pressure from increasing supplies from the Boro crop. Prices in Indonesia were stable due to an expected good output from the 2014 secondary dry season harvest. Retail rice prices India also remained stable supported by the government 2014-15 procurement program, which targets to procure around 30 million tons of rice at prices about 4% higher than last year.

Prices in Myanmar continued to decline for the third consecutive month due to reduced export demand from China and the arrival of the 2014 main wet season crop in into markets. Wholesale rice prices in Vietnam declined in October due to ample supplies from the near-record 2014 summer-autumn harvest and a slowdown in export demand. Rice prices in the Philippines declined for the second consecutive month in October due to an expected increase in the output from the 2014 main season harvest. The government's attempts to increase official imports this year to replenish stocks and control prices also led to an easing of prices.

Rice prices in Sri Lanka increased sharply during the month due to expected decline in this year's paddy production and reduced supplies.

Rice export prices in general declined in October 2014 for second consecutive month due to increased supplies from arrival of newly harvested crops and strong competition between markets, including Thailand, India, Vietnam and Pakistan.

Tags: Asia rice prices, Africa rice prices, FAO

Asia Rice Quotes Unchanged Today Nov 11, 2014

Asia rice sellers kept their quotes mostly unchanged today.

5% Broken Rice

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Daily Exclusive ORYZA E-Newsletter by Riceplus Magazine Thailand 5% rice is quoted at around $410 - $420 per ton, about $20 per ton discount to Vietnam 5% rice shown at around $430 - $440 per ton. India 5% rice is quoted at around $410 $420 per ton, about $15 per ton premium on Pakistan 5% rice quoted at around $395 - $405 per ton.

25% Broken Rice

Thailand 25% rice was last quoted at around $350 - $360 per ton, about $40 per ton discount to Vietnam 25% rice shown at around $390 - $400 per ton. India 25% rice is quoted at around $370 - $380, about $20 per ton premium on Pakistan 25% rice quoted at around $350 - $360 per ton.

Parboiled Rice Thailand parboiled rice is quoted at around $410 - $420 per ton. India parboiled rice is quoted at around $390 - $400 per ton, about $35 per ton discount to Pakistan parboiled rice quoted at around $425 - $435 per ton.

100% Broken Rice Thailand broken rice, A1 Super, is quoted at around $330 - $340 per ton, on par with Vietnam 100% broken rice shown at around $330 - $340 per ton. India's 100% broken rice is shown at around $310 - $320 per ton, about $10 per ton discount to Pakistan broken sortexed rice quoted at around $320 - $330 per ton.

Tags: Vietnam rice prices, India rice prices, pakistan rice prices, Thailand rice prices

Iraq Issues International Tender to Purchase Minimum 30,000 Tons of Rice Nov 11, 2014

The Iraqi Grain Board (IGB) has issued a new international tender to buy at least 30,000 tons of rice from Uruguay, Argentina, Brazil, Vietnam, Thailand and the U.S., according to Reuters.

According to Reuters, the Iraq Trade Ministry stated that the closing date for the tender is November 16, 2014 and the offers would be valid until November 20, 2014.

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Daily Exclusive ORYZA E-Newsletter by Riceplus Magazine In the last tender that closed on November 6, 2014, Iraq purchased around 170,000 tons of rice from Thailand and South American origins such as Uruguay, Brazil and Argentina. It however declined offers from the U.S. Tags: Iraq rice tenders, Iraq Grain Board (IGB)

South Korea and China Leaders Conclude FTA; Exclude Rice from Deal Nov 11, 2014

Leaders of South Korea and China concluded the Korea-China Free Trade Agreement (FTA) after nearly two-and- half years at the Asia-Pacific Economic Cooperation (APEC) Summit in Beijing on Monday, according to local sources.

China is South Korea's largest trading partner and their bilateral trade grew to around $228.9bn in 2013, according to BBC.Negotiations for the FTA began in May 2012 and held 14 rounds of negotiations since then. Negotiations have been delayed due to contentions on tariff cuts. While South Korea sought a wider range of cuts on industrial products, China had sought cuts on agricultural and fisheries products.

Finally, the two sides agreed on a total of 22 chapters highlighting tariff cuts and removal of investment barriers in various economic sectors, including services, finance and communications. However, both the sides have excluded rice from the FTA citing it as an important agricultural product, which needs protection.

South Korea has recently announced its intention to liberalize rice imports from January 1, 2015.

The government's decision to impose a tariff of around 513% on rice imports over and above its minimum market access (MMA) quota under the World Trade Organization (WTO) rules is yet to be ratified by the WTO. South Korea also has similar FTAs with the U.S. and the European Union (EU).a Tags: Korea-China FTA, Tariffs, Rice

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Oryza Overnight Recap - Chicago Rough Rice Futures Continue Lower in Search for a Bottom as S&D Report Fails to Provide Much Needed Support Nov 11, 2014

Chicago rough rice futures for Jan delivery are currently noted 6.5 cents per cwt (about $1 per ton) lower at $11.905 per cwt (about $262 per ton) during early morning floor trading in Chicago. The other grains are seen trading with mixed results: soybeans are currently seen about 0.7% higher, wheat is listed about 0.7% lower and corn is noted about 0.7% lower.

U.S. stocks slipped on Tuesday, with the energy sector leading the retreat after Wall Street's record-breaking advance. After ending at a record for four consecutive sessions, the Dow Jones Industrial Average fell 26.68 points, or 0.2%, to 17,587.06. The S&P 500 dropped 2.21 points, or 0.1%, to 2,036.05. The Nasdaq shed 5.73 points, or 0.1%, to 4,645.88. On Monday, U.S. stocks stepped modestly higher, with health-care companies leading the charge that again lifted benchmarks to records, as investors tracked corporate results as the earnings season starts to wind down. Gold is currently trading about 0.4% lower, crude oil is seen trading about 0.1% lower, and the U.S. dollar is currently trading about 0.1% lower at 9:00am Chicago time.

Tags: chicago rough rice futures, U.S. rice market, U.S. rice prices

Oryza Afternoon Recap - Chicago Rough Rice Futures Unable to Maintain Midday Recovery, Continue to Add to Losses Nov 11, 2014

Chicago rough rice futures for Jan delivery settled 12 cents per cwt (about $3 per ton) lower at $11.850 per cwt (about $261 per ton). Rough rice futures continue to suffer from a lack of demand and expectations of a large crop as the industry winds down with the current harvest.

Traders look to an abundance of supplies domestic and abroad as well in addition to pressure from the recent retreat in other grain prices as negative signs and add to bearishness in the market. Technically the outlook remains negative, with some analysts expecting a testing of the Contact us for Advertisement & Specs: mujahid.riceplus@gmail.com +92 321 369 2847

Daily Exclusive ORYZA E-Newsletter by Riceplus Magazine recent spike low of $11.375 per cwt (about $251 per ton) put in place last month. Today’s trade action forecasts a continuation lower for tomorrow’s session. The other grains finished the day sharply higher, led but a huge rally in soy; Soybeans closed about 3.7% higher at $10.6400 per bushel; wheat finished about 1.6% higher at $5.2525 per bushel, and corn finished the day about 1.2% higher at $3.7475 per bushel.

U.S. stocks wavered on Tuesday, with benchmarks setting intraday records even as investors found little impetus to move decisively in one direction or the other. After ending at a record for four consecutive sessions, the Dow Jones Industrial Average rose 24 points and fell as much as 28. It recently was off 17.46 points, or 0.1%, at 17,596.28. The S&P 500 shed 2.62 points, or 0.1%, to 2,035.64, with materials pacing gains and utilities hardest hit among its 10 major sectors. Of the 449 companies in the S&P 500 that have reported third-quarter results, 74.6% have posted earnings above estimates, while 59.3% beat revenue expectations, according to data compiled by Thomson Reuters. After hitting its highest level since March of 2000, the Nasdaq dropped 7 points, or 0.2%, to 4,644.72. Gold is trading about 1% higher, crude oil is seen trading about 0.5% higher, and the U.S. dollar is seen trading about 0.5% lower at about 1:00pm Chicago time.

Monday, there were 350 contracts traded, down from 401 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday increased by 47 contracts to 9,812.

Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market

Oryza U.S. Rough Rice Recap - Price Continue to Fall in Over-Supplied Market Nov 11, 2014

The U.S. cash market was softer yet again today falling in sympathy with the weak futures market and an over supplied market.As it stands now, buyers have no interest in being anything other than hand to mouth in this market especially since prices continue to fall.Analysts contend that for prices to move higher going forward, export demand will have to pick up materially.

Tags: U.S. rice prices, U.S. rice market

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Oryza Overnight Recap - Chicago Rough Rice Futures Continue Lower in Search for a Bottom as S&D Report Fails to Provide Much Needed Support Nov 11, 2014

Chicago rough rice futures for Jan delivery are currently noted 6.5 cents per cwt (about $1 per ton) lower at $11.905 per cwt (about $262 per ton) during early morning floor trading in Chicago. The other grains are seen trading with mixed results: soybeans are currently seen about 0.7% higher, wheat is listed about 0.7% lower and corn is noted about 0.7% lower.

U.S. stocks slipped on Tuesday, with the energy sector leading the retreat after Wall Street's record-breaking advance. After ending at a record for four consecutive sessions, the Dow Jones Industrial Average fell 26.68 points, or 0.2%, to 17,587.06. The S&P 500 dropped 2.21 points, or 0.1%, to 2,036.05. The Nasdaq shed 5.73 points, or 0.1%, to 4,645.88. On Monday, U.S. stocks stepped modestly higher, with health-care companies leading the charge that again lifted benchmarks to records, as investors tracked corporate results as the earnings season starts to wind down. Gold is currently trading about 0.4% lower, crude oil is seen trading about 0.1% lower, and the U.S. dollar is currently trading about 0.1% lower at 9:00am Chicago time.

Tags: chicago rough rice futures, U.S. rice market, U.S. rice prices

South Korea and China Leaders Conclude FTA; Exclude Rice from Deal Nov 11, 2014

Leaders of South Korea and China concluded the Korea-China Free Trade Agreement (FTA) after nearly two-and- half years at the Asia-Pacific Economic Cooperation (APEC) Summit in Beijing on Monday, according to local sources. China is South Korea's largest trading partner and their bilateral trade grew to around $228.9bn in 2013, according to BBC. Negotiations for the FTA began in May 2012 and held 14 rounds of negotiations since then.

Negotiations have been delayed due to contentions on tariff cuts. While South Korea sought a Contact us for Advertisement & Specs: mujahid.riceplus@gmail.com +92 321 369 2847

Daily Exclusive ORYZA E-Newsletter by Riceplus Magazine wider range of cuts on industrial products, China had sought cuts on agricultural and fisheries products.

Finally, the two sides agreed on a total of 22 chapters highlighting tariff cuts and removal of investment barriers in various economic sectors, including services, finance and communications. However, both the sides have excluded rice from the FTA citing it as an important agricultural product, which needs protection.South Korea has recently announced its intention to liberalize rice imports from January 1, 2015. The government's decision to impose a tariff of around 513% on rice imports over and above its minimum market access (MMA) quota under the World Trade Organization (WTO) rules is yet to be ratified by the WTO.South Korea also has similar FTAs with the U.S. and the European Union (EU).a Tags: Korea-China FTA, Tariffs, Rice

Rising Up Against the Rice Pest Family, One

By One Nov 11, 2014

Ranjitha Gurram, Research Associate (Plant Protection) at Acharya NG Ranga Agricultural University, India, lists out the most notorious rice pests and solutions to tackle them effectively.

Oryza: Based on your research study, what pests typically attack paddy at different stages of crop?

Ranjitha: Stem borer (Scirpophaga incertulas), Gall midge (Orseolia oryzae), Green leaf hopper (Nephotettix virescens) are the major pests attacking paddy at nursery and tillering stages. Brown leaf hopper, Nilaparvata lugens attack paddy at tillering and flowering stage. Gundhi bug, Leptocoriosa acuta attacks only at flowering stage. Leaf folder (Cnaphalocrocis mainsails) attacks in all stages of paddy.

Oryza: Gall midge is one of the biggest enemies of rice. How does one tackle them?

Ranjitha: Maggots of gall midge feed on shoot apex of paddy resulting in suppression of apical meristem and formation of radial ridges because of diversion of nutrients from apical meristem and elongation of leaf sheath. An active substance called cecidogen secreted by first instar (yet to mature) maggot is responsible for cell proliferation of meristematic cells and gall or silver shoot formation. When more than one silver shoot per hill or 5% galls per sq mtr was observed, application of Phorate 10G @ 12.5kg / acre or Carbofuran 3G@ 10 Kg/acre in 1-2 inches of standing water can be done to control the pest.

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Daily Exclusive ORYZA E-Newsletter by Riceplus Magazine Oryza: How is stem borer identified and when should the control measures to be taken?

Ranjitha: In young plants, stem borer larvae feeds inside the stem causing drying of central shoot or formation of dead heart. In older plants, drying of the panicle or white ear can be observed. When these damage symptoms were observed and more than one adult or one egg mass or 10% dead hearts observed per sq meter, the measures have to be taken against pest to protect the rice crop.

Oryza: What about the leaf folder and when should the control measures to be taken?

Ranjitha: Leaf folder larva rolls the leaf blade by fastening its edges and sometimes even fastens the leaf tip to the basal part of leaf blade and feeds by scraping it. The symptoms of severely infested crop, includes a sickly appearance with white patches. Curative measures should be taken when more than two damaged leaves are observed per hill.

Oryza: How to control stem borer and leaf folder?

Ranjitha: When stem borer and leaf folder damage symptoms were observed and the population of pest above economic threshold level as mentioned above, control measures have to taken.

Spraying of Cartap hydrochloride 4% G which is an animal toxin acting as systemic insecticide applied @ 2g / ltr. Otherwise Acephate 75% WP @ 1.5g/ ltr or Profenophos 50%EC @ 2ml per litre can be applied which are contact poison. It is to be noted that 200 litres of spray solution should be used for an acre area.

Oryza: The rice farmer dreads the Brown plant hopper? What are the solutions for it?

Ranjitha: Both adults and nymphs of Brown plant hopper, Nilaparvata lugens suck the phloem sap leading to drying of leaves causing scorched appearance called “hopper burn� in circular patches. It acts as vector for grassy stunt, ragged stunt and wilted stunt diseases. If the population of Brown plant hopper exceeds 10-15 insects per hill at tillering stage and 20-25 insects per hill at flowering stage, spraying of fenobucarb @2ml per ltr and Buprofezin @ 1.6ml per litre water can be recommended.

Oryza: Is the Gundhi bug as quirky a bug as it sounds? How does it affect the rice plant?

Ranjitha: Gundhi bug, Leptocoriosa acuta damages the crop at flowering stage. Both nymphs and adults feed on sap of the peduncle, tender stem and milky grains making them turn chaffy.

When the pest population exceeds 1-2 adults per hill, spraying Quinolphos 25% EC @2ml per ltr is recommended to control the pest.

Tags: Rice, rice news, pest, problems, Farm, Paddy, seed, Food grain stocks

Global Rice Quotes November 11th, 2014

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Daily Exclusive ORYZA E-Newsletter by Riceplus Magazine Long grain white rice - high quality Thailand 100% B grade 425-435 Vietnam 5% broken 430-440 India 5% broken 410-420 Pakistan 5% broken 395-405 Cambodia 5% broken 465-475 U.S. 4% broken 540-550 Uruguay 5% broken 595-605 Argentina 5% broken 595-605

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Long grain white rice - low quality Thailand 25% broken Vietnam 25% broken Pakistan 25% broken Cambodia 25% broken India 25% broken U.S. 15% broken

NQ ↔ 390-400 350-360 NQ ↔ 370-380 510-520

↔ ↔ ↔ ↔

Long grain parboiled rice Thailand parboiled 100% stxd 410-420 ↔ Pakistan parboiled 5% broken stxd 425-435 India parboiled 5% broken stxd 390-400 ↔ U.S. parboiled 4% broken 580-590 ↔ Brazil parboiled 5% broken 585-595 ↔ Uruguay parboiled 5% broken NQ ↔

↔

Long grain fragrant rice Thailand Hommali 92% 865-875 Vietnam Jasmine 560-570 ↔ India basmati 2% broken NQ ↔ Pakistan basmati 2% broken NQ ↔ Cambodia Phka Malis 835-845 ↔

↔

Brokens Thailand A1 Super 330-340 ↔ Vietnam 100% broken 330-340 ↔ Pakistan 100% broken stxd 320-330 Cambodia A1 Super NQ ↔ India 100% Broken stxd 310-320 Egypt medium grain brokens NQ ↔ U.S. pet food 445-455 ↔ Brazil half grain NQ ↔

↔ ↔

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

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