15th november,2013 daily rice e newsletter (oryza news today) by riceplus magazien

15th November , 2013

TOP Contents - Tailored for YOU NEWS DETAILS: Oryza Rice Currency Analysis for Today – Brazil Real Up 0.9% Nov 14, 2013

U.S. dollar index was up +0.08% from the open today, when it traded at 80.989 at the close.

Euro was -0.17% lower today by the close, trading around 1.3464 by end of day, after trading between an intraday high of 1.3498 and low of 1.3419. The euro slipped back after a rally late yesterday as Vice chariman of the U.S. Federal Reserve, Janet Yellen’s prepared statement was released. The statement was taken as very dovish by the markets.

Thai baht was weaker -0.16%, trading at 31.560 at the close of business.

Indian rupee was +0.32% stronger, trading at 63.1200.

Brazilian real was +0.86% stronger than the open at today’s close, when it ended at 2.3341 reais per dollar.

Pakistan rupee was weaker -0.03% trading at 107.4800.

Vietnamese dong was weaker -0.05%, finishing at 21098.

Mexican peso was +0.35% stronger today, when it traded at 12.9760 pesos per dollar by the close of business

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today.

Chinese yuan was weaker -0.02% at 6.0926.

Argentine peso was -0.18% weaker at 5.9879 pesos per dollar.

Tags: foreign exchange rates - See more at: http://oryza.com/news/oryza-rice-currency-analysis-today-%E2%80%93-brazil-real-09#sthash.hAwxa3Aw.dpuf

Thailand Rice Sellers Increase Some of Their Quotes; Other Asia Rice Quotes Unchanged Nov 14, 2013

Thailand rice sellers increased their quotes for parboiled rice by about $5 per ton to about $450 - $460 per ton today. Other Asia rice sellers kept their quotes mostly unchanged.

5% Broken Rice Thai 5% rice is quoted around $400 - $410 per ton, about a $5 per ton premium over Viet 5% rice shown around $395 - $405 per ton.

Indian 5% rice is quoted around $410 - $420 per ton, about a $35 per ton premium over Pak 5% rice quoted around $375 - $385 per ton.

25% Broken Rice Thai 25% rice is quoted about $380 - $390 per ton, about a $15 per ton premium over Viet 25% rice shown around $365 - $375 per ton.

Indian 25% rice is quoted about $370 - $380 per ton, about a $35 per ton premium over Pak 25% rice quoted around $335 - $345 per ton.

Parboiled Rice Thai parboiled rice is quoted around $450 - $460 per ton, up about $5 per ton from yesterday.

Indian parboiled rice is quoted around $380 - $390 per ton, about a $30 per ton discount to Pak parboiled rice quoted around $410 - $420 per ton.

100% Broken Rice Thai broken rice, A1 Super, is quoted around $345 - $355 per ton, about a $5 per ton premium over Viet broken rice shown around $345 - $355 per ton.

Indian broken sortexed rice is quoted about $310 - $320 per ton, about a $25 per ton discount to Pak broken sortexed rice quoted around $335 - $345 per ton.

Tags: Asia rice quotes, Vietnam rice quotes, Thailand rice quotes, India rice quotes, Pakistan rice quotes

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Thailand Government to Auction 450,000 Tons of Rice on November 19, 2013 Nov 14, 2013

The Thai government will auction around 450,000 tons of rice on November 19, 2013 to make space for new arrivals from the main crop harvest which usually peaks in November – December.The government will offer fragrant rice and common grades in the tender. However, local sources say that traders are likely to keep away from the auction because prices are expected to plummet to record low levels in the coming weeks. Earlier this year, tenders to sell a total of 960,339 tons of rice from the government stockpile achieved sales of only 293,000 tons due to high prices. Traders say that the new tender this month is likely to meet the same fate as traders prefer buying rice from fresh stocks and not from old stocks with the government.Rice stocks with the government are estimated at around 15 million tons, more than double the 7 million tons of rice exported by Thailand in 2012. Paddy rice production in the 2013-14 main rice crop is expected to reach around 28.4 million tons, up about 7% from 26.6 million tons from the main crop in 2012-13, according to the Agriculture Ministry.

Total paddy rice production in 2013-14 is forecast to reach around 37 - 38 million tons.

Tags: Thailand rice tenders

Oryza Overnight Recap – Chicago Rough Rice Futures Lower Overnight as Traders Unable to Maintain Upward Momentum Nov 14, 2013

Chicago rough rice futures for January delivery are currently paused 7 cents per cwt (about $2 per ton) lower at $15.530 per cwt (about $342 per ton) as of 8:00am Chicago time. The other grains are seen mostly higher this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.1% higher, wheat is seen about 2.2% lower, and corn is paused about 0.1% higher.U.S. stock index futures pointed to a mixed open on Wall Street on Thursday following dovish remarks from U.S. Federal Reserve Vice-Chair Janet Yellen, who is set to become the central bank's next chairman. Economic data yielded little reaction from stock futures, which remained mixed after the government reported more Americans than forecast filed for jobless benefits last week, with claims dipping by 2,000 to 339,000, above expectations for 331,000. Separately, the U.S. trade deficit widened more than anticipated in September, with the U.S. trade gap widening 8.0% to $41.8 billion.

U.S. stock index futures are currently trading about 0.1% higher, gold is currently trading about 1.2% higher, crude oil is seen trading about 0.5% lower, and the U.S. dollar is currently trading about 0.1% higher at 8:00am Chicago time.

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Tags: chicago rough rice futures

Philippines Rice Crop Loss Due to Typhoon Estimated at Below 2 Million Tons Nov 14, 2013

Paddy rice production losses in the Philippines due to typhoon Haiyan are estimated at below 10% of the country’s annual paddy rice production of around 18-20 million tons. Crop losses were limited because most of the wet season rice crop was harvested before the typhoon struck the Philippines. However, final estimates will be known after a detailed study, according to the Philippines-based International Rice Research Institute (IRRI).

IRRI economist Dr. Samarendu Mohanty says, “The current rice crop in the affected regions accounts for less than 10% of the Philippines’ annual national rice production, and most of the rice crop in these regions had already been harvested before the typhoon came.”

Dr. Mohanty also says that the typhoons that struck the Philippines recently and India in October will have little impact on global rice trade due to high rice stocks with Thailand. He says, “The surplus rice in Thailand should keep prices stable in the coming months, even if the Philippines imports more and India exports less.”

The Philippines is targeting paddy rice production in 2013 to reach around 20 million tons, up about 11% from around 18 million tons produced in 2012.

Tags: Philippines rice production 2013, Haiyan

India Simplifies Risk Management System to Speed-up Export Clearances Nov 14, 2013

The Indian government launched a Risk Management System (RMS) for exports, a move aimed to reduce customs clearance time and lower transaction costs.India introduced RMS for imports in December 2005, and traders had long demanded an extension of RMS to cover exports to help reduce transaction costs which are estimated at around 7-10% of total exports compared to about 3-3.5% in China and some Southeast Asian countries.According to the Indian Finance Minister, the time taken to obtain customs clearance will now come down to a few hours, compared to around 1.6 days to 3.68 days prior to the implementation of RMS. Under the new system, low-risk consignments will be cleared by the Customs based on declarations by exporters. RMS is a growing practice among WTO members, and will help improve India's exports, local sources say.Meanwhile, trade analysts say India's overall exports are expected to grow by 7.2% in FY 2014-15 (April – March), compared to -1% seen in FY 2013-14. India is expected to remain the world’s largest rice exports for the third consecutive year in 2014 with about 10 million tons of rice exports next year.

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Tags: India rice exports

Haiti MY2013-14 Rice Import Forecast at 415,000 Tons, Despite Higher Production Nov 14, 2013

Haiti’s rice production in MY 2013-14 (July - June) is expected to recover from low levels seen in 2012-13 due to favorable weather this year and government support. However, rice imports are expected to remain strong due to increasing rice consumption in the country, according to the USDA Post in Santo Domingo.The Post expects rice production in MY 2013-14 to rebound to around 78,000 tons, up about 26% from around 62,000 tons produced in MY 2012-13. Rice production in MY 2012-13 had declined from around 78,000 tons produced in the previous year due to adverse weather conditions in the second half of 2012.However, Haiti remains heavily dependent on rice imports due to increasing consumption. The Post estimates rice imports by Haiti in MY 2013-14 to remain at around 415,000 tons,while consumption of rice is estimated at around 490,000 tons in MY 2013-14, up slightly from around 480,000 tons in the previous year. The Post says, “Despite efforts to

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improve local production, growth in demand has accelerated, outpacing recent production gains.”Most of the rice imports by Haiti are from the U.S., which had over 97% of market share in 2012, the Post says.

Tags: Haiti rice production

Oryza Afternoon Recap – Chicago Rough Rice Futures Rally, Buying Interest Intensifies amid Tight Physical Supplies Nov 14, 2013

Chicago rough rice futures for January delivery settled 24 cents per cwt (about $5 per ton) higher at $15.840 per cwt (about $349 per ton). Rough rice futures shot higher as buying interest intensified and retuned the market to a recent up-trending trading channel. The recent bullishness likely reflects the reality of the tight supplies in the cash market as well as the smaller than expected supplies coming in from a delayed harvest. The other grains closed lower today; soybeans finished the day about 0.1% lower at $13.1725 per bushel; wheat finished about 0.1% lower at $6.4575 per bushel; and corn finished the day about 0.8% lower at $4.2650 per bushel.U.S. stocks rose on Thursday, with the Dow industrials and S&P 500 hitting all-time highs, as investors embraced Janet Yellen's signals that the Federal Reserve would continue its monetary stimulus. A day after finishing at an all-time high, The Dow Jones Industrial Average gained.

The S&P 500 also extended the prior day's record rise, with health care the best performing and technology the sole sector declining among its 10 major industry groups. The Nasdaq wavered on either side of unchanged.U.S. stock markets are currently trading up about 0.4%, gold is trading about 1.2% higher, crude oil is seen trading about 0.3% lower, and the U.S. dollar is seen trading about 0.1% higher at about 2:00pm Chicago time.Turning to the daily continuation chart of Chicago rough rice futures for January delivery, the market found followthrough buying interest and rallied sharply higher today. Prices quickly broke through nearby resistance around $15.670 per cwt (about $345 per ton), provided by the convergence of the 100-day and 200-day moving averages, before continuing on to surpass the current price objective and secondary point of resistance. This later level was provided by the upper Bollinger band which had limited the markets gains. Today’s action has returned the market to the recent bullish trading channel and has confirmed up-trending support near the $15.600 per cwt (about $344 per ton) level and provides a positive forecast for future price direction. Prices now appear prepared to test psychological resistance at $16.000 per cwt (about $353 per ton).The sessions trading range is noted as $15.530-$15.895 per cwt (about $342-$350 per ton). Wednesday, there were 521 contracts traded, down from 675 contracts traded on Tuesday. Open interest – the number of contracts outstanding – on Wednesday increased by 30 contracts to 8,277.

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

Oryza U.S. Rough Rice Recap – Rally in Futures Market Puts Bid Under Cash Rice

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Nov 14, 2013

The U.S. cash market was fairly active today following a rally in the futures market which led some buyers to get more aggressive.Offers were unchanged today around $15.65-$16.66 per fob farm (about $345-$367 per ton), depending on where they are located in the U.S. mid-South, for November through December shipment.

Bids from some mills were still seen near $16.00 per cwt (about $353 per ton ) while bids from exporters held steady around $15.56 per cwt (about $343 per ton), both for November through December delivery, and again there were reports of rice trading around $16.00 per cwt (about $353 per ton) delivered.In the meantime, the USDA did not release their export sales report today due to the Veterans Day Holiday on Monday; the report will be published tomorrow.

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

A Sweet Treat, Hot or Cold – Arroz con Leche Nov 14, 2013

Arroz con leche, or Mexican rice pudding, relies on several different kinds of milk products and spices for its unique, sweet flavor. This recipe takes a unique twist on this traditional dish to make a sweet treat, Rice Pudding Pops!.Heat 3 cups of water over high heat in a pot. Add 1.5 cups of rice, ¼ teaspoon nutmeg, 2 cinnamon sticks, and salt to taste. Cover and bring to a boil before lowering the heat and simmering for 15 minutes or until the rice is fluffy.Add 12 ounces evaporated milk, 14 ounces of sweetened condensed milk, 2 teaspoons of vanilla, and a handful of raisins, if you want. Simmer for 3-5 minutes to thicken the mixture, stirring occasionally. This is a recipe for traditional Mexican arroz con leche, but to elevate it from grandma’s kitchen to gourmet, try turning it into popsicles.Scoop the rice pudding into popsicle molds and insert a popsicle stick so that a few inches are visible. (Small cups work, too.) Sprinkle around the stick with ground cinnamon, then freeze until hard. Now you’ve got rice pudding on-the-go – and you might even trick the kids into thinking it’s ice cream!

Tags: rice pudding, arroz con leche, pudding pops, mexican rice pudding

Oryza Quick Glance at MDA Rice Crop Weather Update Nov 14, 2013

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Oryza shares some of MDA’s latest rice crop weather updates: Rainfall disrupted harvesting activities in South China this week, but harvest of late double crop is likely to improve this week.

Reduction in rainfall will improve harvest conditions in Japan this week.

Drier weather will continue to favor harvesting in Thailand this week.

Rainfall in north-central Vietnam is expected to disrupt harvest there this week.

Limited rainfall after typhoon Haiyan will improve harvest conditions in the Philippines this week.

Dryness concerns will reduce in most parts of Indonesia this week, but rains there may slow harvest of second season crop in some places.

Weather will continue to favor harvest in India and Bangladesh this week. Rains in southern India will help improve moisture conditions for winter crop there.

Drier weather will reduce wetness concerns in Nigeria this week.

Harvest is almost over in the U.S. helped by drier weather last week.

Rainfall will favor rice crop in most parts of Brazil this week.

For more complete weather information, contact: www.mdaus.com.

Tags: Weekly weather report for rice pdf:

MDA Weather.pdf

November 15th, 2013 Long grain white rice - high quality Thailand 100% B grade 410-420 Vietnam 5% broken 395-405 ↔ India 5% broken 410-420 ↔ Pakistan 5% broken 375-385 ↔ Cambodia 5% broken 455-465 ↔ U.S. 4% broken 585-595 ↔ Uruguay 5% broken 625-635 ↔ Argentina 5% broken 625-635 ↔

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Long grain white rice - low quality Thailand 25% broken 380-390 ↔

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Vietnam 25% broken 365-375 ↔ Pakistan 25% broken 335-345 ↔ Cambodia 25% broken 425-435 India 25% broken 370-380 ↔ U.S. 15% broken 565-575 ↔

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Long grain parboiled rice Thailand parboiled 100% stxd 470-480 Pakistan parboiled 5% broken stxd 410-420 India parboiled 5% broken stxd 380-390 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% 1050-1060 ↔ Vietnam Jasmine 565-575 ↔ India basmati 2% broken 1515 -1525 ↔ Pakistan basmati 2% broken NQ ↔ Cambodia Pkha Malis 915-925 ↓ Brokens Thailand A1 Super 345-355 ↔ Vietnam 100% broken 345-355 ↔ Pakistan 100% broken stxd 335-345 ↔ Cambodia A1 Super 380-390 ↔ India 100% Broken stxd 310-320 ↔ Egypt medium grain brokens NQ ↔ U.S. pet food 370-380 ↔ Brazil half grain 345-355 ↔ Medium grain milled U.S. Calrose 4% broken 620-630 ↔ Egypt medium grain 6% NQ ↔

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