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18th September , 2013

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Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874


TOP Contents - Tailored for YOU Latest News Headlines… o o o o o o o o o

IRRI’s commitment to ethical standards and regulatory compliance in research QRC hurdle causes huge decline in basmati export Vietnam, India, Pakistan Rice Sellers Lower Most of Their Quotes Today Oryza Overnight Recap – Chicago Rough Rice Futures Seen Slightly Higher Overnight on Support from Surging Grains Oryza U.S. Rough Rice Recap – Decrease In FSA Certified Acreage Leaves Market Unchanged, Buyers Still Sidelined Oryza Rice Currency Analysis for Today – Brazil Real Rallies 1%; India Rupee Slips Lower Oryza Afternoon Recap – Chicago Rough Rice Futures Unimpressed by Certified Rice Acreage Report; Grains Turn Negative in Mid-day Tradin Oryza Quick Glance at World News Oryza Global Rice Quotes

NEWS DETAILS: IRRI’s commitment to ethical standards and regulatory compliance in research Written by Bob Zeigler

As the ethical and regulatory oversight of Golden Rice-related research conducted at other institutes has recently been questioned, some might wonder about how other Golden Rice-related research is conducted. I'd like to tell you a little about IRRI's commitment to the highest standards of ethics and regulatory compliance in our own R&D work on this potentially life-saving crop .To research Golden Rice thoroughly and ensure its safety, we have to do all sorts of tests—in the laboratory, in the greenhouse, and out in the field. At IRRI, all of our research that involves GM is overseen by an Institutional Biosafety Committee (IBC) that is responsible for ensuring that we comply with local and international regulations and guidelines in the conduct of our experiments.IRRI's IBC is composed of three IRRI scientists, two scientists from the University of the Philippines Los Baños, and four representatives from the local Los Baños and Bay communities around the

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IRRI headquarters. It works under the Philippine regulatory framework, called the Biosafety Committee of the Department of Science and Technology (DOST-BC), which oversees IRRI's IBC and, through the IBC, all research on GM rice at IRRI. No GM organisms can be used in IRRI's research without prior authorization from DOST-BC. We're lucky to be working in the Philippines because it has such a thorough, transparent, and independent regulatory system for biotechnology.In addition, all Golden Rice field trials in the Philippines are conducted under permits issued by the Bureau of Plant Industry of the Department of Agriculture (DA-BPI), the national regulatory authority in the Philippines for crop biotechnology R&D, after they established that the trials will pose no significant risks to human health and the environment.

This assessment was based on a step-wise evaluation that included contained and confined field evaluations.Thanks to this transparent and open system of regulation, anyone can go and see for themselves details of what is approved and when, via the DA-BPI online approval registry. If you care to look closer, you can see the Golden Rice field trial approvals: Golden Rice is on page 5 and 6 under the Philippine Rice Research Institute.The same principles apply in the other countries where we are working on Golden Rice. We follow national regulations and adhere to internationally established guidelines and procedures for the safe use of genetically modified crops, including the Codex Alimentarius (Principles and Guidelines for Food Safety Assessment of Foods derived from Modern Biotechnology), OECD Consensus Documents, and the Cartagena Biosafety Protocol.As you may have gathered, I strongly believe that all research should be conducted with appropriate checks and measures in place to ensure that it is done in not just an ethical way, but so that it is fully approved by all appropriate regulatory bodies. I insist that all GM rice research at IRRI is conducted with required approvals on hand, following wellestablished protocols for the safe use of biotechnology.I cannot speak for what happened with the Golden Rice research in China, as IRRI and our partners working with us on Golden Rice were not involved. But it is important to note that the Tufts study wasn't a safety trial, because existing research was already available that showed that beta-carotene in Golden Rice was as safe as beta-carotene in other foods. As the statement from Tufts notes, their review found no concerns related to the safety of the research subjects. From all reports, it is very clear, perhaps more importantly, that no one was harmed in any way in the China trials. To the contrary, the studies showed unequivocally that Golden Rice is an effective way to improve the Vitamin A status of deficient children. This is great news, indeed! I was disappointed, of course, to hear from Tufts that the research itself was found not to have been conducted in full compliance with the appropriate board policy or relevant regulations.But I don't think that these lapses should be used as a cynical excuse to stop all Golden Rice research, or indeed to be used as an inflammatory attack point to suggest that everyone involved in Golden Rice research has misguided intentions or that the research should be stopped.Golden Rice offers a very unique opportunity to improve the nutrition of people— particularly of women and children in Asia—who are not reached by current interventions to reduce Vitamin A deficiency.Vitamin A deficiency is a major public health concern, and it has not been overcome yet. We need more solutions and we need solutions especially targeted to helping rice consumers. My job is to make sure our

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research is conducted properly, with the best interests of those rice consumers at heart. I hope our work shows that Golden Rice is safe and effective and that it is judged on its potential to help people, not on who has helped develop or research it along the way, or anything else, but simply on its value to humanity.

QRC hurdle causes huge decline in basmati export September 18, 2013

Lahore - The Rice Exporters Association has feared a huge decline in basmati rice export due to inconsistent policies of the government, severe energy crisis and bureaucratic hurdled created by the Quality Review Committee of TDAP.Addressing the farewell ceremony, which was held to welcome the upcoming chairman Masood Iqbal and pay tribute to the services of the outgoing vice chairman Ch Samee Ullah, the members said that they have given the vice chairman full mandate to abolish the QRC in case the bureaucratic hurdles are not removed in way of export.The Rice Exporters Association North Zone on Tuesday held a farewell ceremony in honour of its outgoing vice chairman Ch Samee Ullah, appreciating the steps taken by him for strengthening the role of association in rice export enhancement. The ceremony was attended by former chairman Javed Islam Agha, Shahzad Ali Malik and ex-vice chairman Tariq Aziz.Tariq Aziz lauded the services of Mr. Samee Ullah and wished him success in future, whose tenure as a vice chairman of the REAP is going to expire on Sept 31.He said that the production of rice in Pakistan has remained static at around 5 million tons annually but the export earnings have increased two fold in the last 4 years from $ 570 million to $2 billion, which was only possible by building up the perception of Pakistani rice by the leaders of the REAP, including Samee Ullah Ch. He said that the task had required unified, consistent and innovative campaign and efforts from the stage of REAP, which was fulfilled with whole commitment by both the chairman as well as the vice chairman.Samee Ullah Ch, addressing the farewell party expressed his gratitude to the office-bearers and senior staff for the support and guidance provided to him during his tenure in office, besides wishing the new management good luck for the improvement of the rice sector.

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Highlighting the key features of his tenure, he said the Association got legalized the 386 rice variety by the Punjab Seed Council which was pending since 1990.He said that due to the efforts of REAP, the process of approval of six acre land for rice technical institute is in final stage, where he also announced to set up state of the art technical training institute through EDF Funds.He informed that association sent teams to South Africa to explore the new rice market while another delegation is ready for S Arabia which are dominant by the Indian rice varieties.He also announced that CM Shahbaz Sharif has consented to be chief guest at the upcoming Reap export trophy award. Samee expressed hope that newly elected government with the help of the REAP new management will play its vital role for the betterment of rice export, besides resolving problems being faced by the rice exporters.

Vietnam, India, Pakistan Rice Sellers Lower Most of Their Quotes Today Sep 17, 2013

Vietnam rice sellers lowered their quotes for 5% broken rice , 25% broken rice and 100% broken rice by about $5 per ton each to about $355 - $365 per ton, $325 - $335 per ton and $315 - $325 per ton respectively today. India rice sellers lowered their quotes for 25% broken rice, 100% broken rice and parboiled rice by about $5 per ton each to about $375 - $385 per ton, $310 - $320 per ton and $410 - $420 per ton respectively. Pakistan rice sellers lowered their quotes for 5% broken rice and 25% broken rice by about $5 per ton each to about $390 $400 per ton and $340 - $350 per ton respectively. Thailand rice sellers kept their quotes unchanged today. 5% Broken Rice Thai 5% rice is quoted around $415 - $425 per ton, about a $60 per ton premium over Viet 5% rice (of summerautumn crop 2013) shown around $355 - $365 per ton, down about $5 per ton from yesterday. Indian 5% rice is quoted around $420 - $430 per ton, $30 per ton premium over Pak 5% rice (of new crop) quoted around $390 - $400per ton, down about $5 per ton from yesterday. 25% Broken Rice Thai 25% rice is quoted about $405 - $415 per ton, about a $80 per ton premium over Viet 25% rice (of summer-autumn crop 2013) shown around $325 - $335 per ton, down about $5 per ton from yesterday. Indian 25% rice is quoted about $375 - $385 per ton, down about $5 per ton from yesterday and about a $35 per ton premium over Pak 25% rice (of new crop) quoted around $340-$350 per ton, down about $5 per ton from yesterday. Parboiled Rice Thai parboiled rice is quoted around $450 - $460 per ton.

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Indian parboiled rice is quoted around $410 - $420 per ton, down about $5 per ton from yesterday and about a $10 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 $80 per ton premium over Viet broken rice (of summer-autumn crop 2013) shown around $315 - $325 per ton, down about $5 per ton from yesterday. Indian broken sortexed rice is quoted about $310 - $320 per ton, down about $5 per ton from yesterday and about a $30 per ton discount to Pak broken sortexed rice (of new crop) indicated at around $340 - $350 per ton. Tags: Asia rice quotes, Thailand rice quotes, Vietnam rice quotes, India rice quotes, Pakistan rice quotes

Oryza Overnight Recap – Chicago Rough Rice Futures Seen Slightly Higher Overnight on Support from Surging Grains Sep 17, 2013

Chicago rough rice futures for November delivery were paused 2.5 cents per cwt (about $1 per ton) higher at $15.590 per cwt (about $344 per ton) as of 8:30am Chicago time. The other grains are seen higher during this morning break ahead of floor trading in Chicago: soybeans are currently seen trading about 1.2% higher, wheat is seen trading about 1.1% higher, and corn is seen trading about 2.2% higher. U.S. stock index futures stutter-stepped Tuesday, amid investor caution ahead of the start of the two-day Federal Reserve meeting. European and Asian shares were lower, reversing Monday's risk rally. After weeks of speculation, the Fed is expected to announce that it will start tapering off asset purchases in September, cutting back from $85 billion per month to $70 billion to $75 billion. The FOMC meeting statement will be released on Wednesday afternoon followed by Fed Chairman Ben Bernanke's news conference. On the economic front, consumer prices ticked up 0.1% in August as the cost of energy fell, according to the Labor Department. Economists polled by Reuters had expected a gain of 0.2%. U.S. stock futures are currently trading about 0.1% higher, gold is currently trading about 0.7% higher, crude oil is seen trading about 0.8% lower, and the U.S. dollar is currently trading about 0.1% lower at 8:30am Chicago time. Tags: chicago rough rice futures

Oryza U.S. Rough Rice Recap – Decrease In FSA Certified Acreage Leaves Market Unchanged, Buyers Still Sidelined Sep 17, 2013

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The U.S. cash market was unchanged today after the USDA’s Farm Service Agency released their updated certified acreage figures showing a 58,000 acre (about 23,471 hectares) decline from their June estimate. The FSA left their Arkansas certified acreage mostly unchanged from their June figures while lowering California by 32,000 acres, increasing Louisiana by 12,000, lowering Mississippi by 38,000, lowering Missouri by 13,000, and increasing Texas by 13,000 acres. Offers can still be seen around $15.77-$16.66 per fob farm (about $348-$367 per ton), depending on where they are located in the U.S. mid-South, for October through December shipment while bids mills and exporters could still be found $15.56 per cwt (about $343 per ton), fob farm and delivered, respectively, for October through December delivery, although there were no trades to report today. Tags: U.S. rice prices

Oryza Rice Currency Analysis for Today – Brazil Real Rallies 1%; India Rupee Slips Lower Sep 17, 2013

U.S. dollar index was down -0.16% from the open today, when it traded at 81.161 at the close. Euro was +0.18% higher today by the close, trading around 1.3357 by end of day, after trading between an intraday high of 1.3369 and low of 1.3326. German consumer sentiment helped propel the euro higher. Thai baht was stronger +0.06%, trading at 31.710 at the close of business. Indian rupee was weaker -0.83%, finishing the day at 63.3725. Brazilian real was +1.12% stronger than the open at today’s close, when it ended at 2.2589 reais per dollar. Pakistan rupee was -0.17% weaker at the close, trading at 105.1225. Vietnamese dong was +0.04% stronger at 21118. Mexican peso was -0.06% weaker today, when it traded at 12.9384 pesos per dollar by the close of business today. Chinese yuan was -0.01% weaker, when it traded by close at 6.1210. Argentine peso was -0.19% weaker at 5.7426 pesos per dollar. Tags: foreign exchange rates

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Oryza Afternoon Recap – Chicago Rough Rice Futures Unimpressed by Certified Rice Acreage Report; Grains Turn Negative in Mid-day Trading Sep 17, 2013

Chicago rough rice futures for November delivery settled 3.5 cents per cwt (about $1 per ton) lower at $15.530 per cwt (about $342 per ton). Rough rice futures turned lower in open outcry trading following the release of the total rice certified acres which provided little in the way of surprises and did little to support higher prices. Rice futures continue to face overhead technical resistance around $15.600 per cwt (about $344 per ton) an area where multiple moving averages have converged. Additional downward pressure spilled over from the other grains as they also turned bearish despite finishing the overnight session higher; soybeans finished the day about 0.4% lower at $13.4250 per bushel; wheat finished about 0.3% higher at $6.4300 per bushel; and corn finished the day about 0.6% lower at $4.5400 per bushel.U.S. stocks extended their gains into a third session Tuesday as Federal Reserve policymakers kicked off their two-day meeting. Investors expect the central bank to scale back purchases by $10 billion a month while keeping rates close to zero for some time. The Dow Jones Industrial Average climbed for a third session. The blue-chip index traded within 100 points of its all-time high set on Aug. 2. The S&P 500 and the Nasdaq also rose. Most key S&P sectors were in positive territory, lifted by techs and energy. U.S. stock markets are currently trading up about 0.3%, gold is trading about 0.4% lower, crude oil is seen about 1.4% lower, and the U.S. dollar is seen about 0.2% lower at about 2:00pm Chicago time. Looking to the daily continuation chart of Chicago rough rice futures for November delivery, price action continues to be limited to a tight $15.40-$15.600 per cwt (about $340-$344 per ton) sideways trading range. Firm overhead resistance is noted at $15.605 per cwt (about $344 per ton) a point that delineates technically bearish and bullish territory. A break out above this level would be seen as a positive development and likely add interest on the buyers side. Barring this move prices appear prepared to maintain their current sideways trading. Today’s trading range is noted as $15.450-$15.680 per cwt (about $341-$346 per ton).Monday, there were 479 contracts traded, up from 478 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday increased by 493 contracts to 9,641. Tags: chicago rough rice futures

Oryza Quick Glance at World News Sep 17, 2013

Financial Times *Shale oilfields in countries such as Argentina, Russia, and Algeria hold larger reserves than the regions at the heart of the U.S. energy boom, and have the potential to make a significant contribution to global crude supplies in the next decade, according to new research published by IHS.

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*JPMorgan Chase is in talks to pay at least $800 million to settle with securities and bank regulators over the $6 billion ―London whale‖ trading loss, but faces additional fines from U.S. derivatives regulators not part of the current pact, people familiar with the matter said. *Goldman Sachs has promoted Marty Chavez to chief information officer, overseeing a department that has been in the spotlight after an embarrassing trading glitch. Steven Scopellite, global head of the technology division and current chief information officer, will retire at the end of the year, according to internal memos confirmed by Goldman. *The U.N. declared on Monday that it has found ―clear and convincing evidence‖ that surface-to-surface rockets armed with the chemical nerve agent sarin were used to carry out the mass killings in eastern Damascus last month. *Barclays’ legal woes resurfaced when the bank said it was contesting a regulator’s £50 million fine for acting ―recklessly‖ by failing to disclose £322 million in fees paid to Qatari investors during its emergency cash call five years ago. *Brazil's President, Dilma Rousseff, is expected to announce on Tuesday whether she will go ahead with a state visit to Washington next month after anger in Brazil over U.S. spying. *In a high-stakes report that sets the stage for forthcoming political battles, the Netherlands’ official economic forecaster has projected that the country will fail to meet the EU’s budget deficit limits in 2014 despite a new round of austerity measures. A poll released on Monday by the research institute TNS Nipo found just 12% of Dutch voters have confidence in the centrist coalition of Mark Rutte, prime minister, which took office in November. *Leaks from natural gas production in the U.S. are smaller than some previous estimates, according to the most extensive study so far, easing fears about their effect on global warming. Wall Street Journal *China's Commerce Ministry said Monday that it would impose a 6.5% tariff on materials from most U.S. polysilicon suppliers, beginning Friday. The ministry said in July that the tariffs, which it described as an ant subsidy measure, could reach as high as 57%. *Prime Minister Hun Sen, Cambodia's longtime strongman, agreed Monday to explore reforms for the country's election commission in talks with opposition leaders aimed at breaking a protracted standoff over disputed election results. *Splinter groups of disgruntled Thai rubber farmers continued to protest on Monday, demanding more monetary support than the government recently approved amid low global rubber prices. *India's wholesale price index, main inflation gauge, rose 6.10% from a year earlier in August, compared with the previous month's 5.79% increase, firming expectations that the central bank may again hold off cutting interest rates at its monetary policy review on Friday. *China attracted $8.38 billion of foreign direct investment in August, up 0.62% from a year earlier, the Ministry of Commerce said in a statement Tuesday. Although this was below the previous month's growth rate, ministry spokesman Shen Danyang said this was "nothing to worry about." *Mazda Motor Corporation is considering re-entering India's automobile market, and potentially making the country an important production and export hub for its vehicles.

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*The U.S. Food and Drug Administration said it is blocking imports of medicine made at the newest plant of India's Ranbaxy Laboratories Ltd again casting doubt on the quality of pharmaceutical products from the South Asian country, the U.S.'s largest supplier of generic drugs. *The European Commission's vice president said Spain's wealthy region of Catalonia would have to leave the EU if it declared independence, remarks that disappointed many in the growing Catalan secessionist movement. New York Times *Syria's army is accusing Turkey of seeking to escalate tensions along the two nations' already volatile border after a Turkish fighter jet shot down a Syrian military helicopter there the day before. Tuesday's statement from the Syria’s military says the helicopter had entered Turkish airspace by mistake while on a mission to monitor for cross-border infiltration of rebels. *European leaders have pledged $2.4 billion in fresh aid for Somalia to help stabilize an East African democracy that is contending with militant attacks amid allegations of official corruption. *Iran’s new president, Hassan Rouhani, told Revolutionary Guards commanders on Monday that Iran would support whomever Syrians want as their leader even if it is not the country’s staunch ally, President Bashar alAssad of Syria. *China has begun flight operations at the world's highest civilian airport in a bid to boost tourism. At an elevation of 4,411 meters (14,472 feet) above sea level, Daocheng Yading Airport replaces the previous champion, Bangda Airport in the Tibet Autonomous Region, which sits at 4,334 meters (14,219 feet). *Iranian authorities have restored blocks on Facebook and Twitter after a "technical glitch" briefly removed filters from the social networks overnight. *EU car sales are still sagging despite the return of modest economic growth. For the first eight months of the year, passenger car sales were off 5.2% to 7.84 million compared with the same period last year, the European Auto Manufacturers' Association said Tuesday. Tags: World news

Oryza Global Rice Quotes September 18th, 2013 Long grain white rice - high quality Thailand 100% B grade 425-435 Vietnam 5% broken 355-365 ↔ India 5% broken 420-430 ↔ Pakistan 5% broken 390-400 ↔ Cambodia 5% broken 445-455 ↔ U.S. 4% broken 605-615 ↔

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Uruguay 5% broken 615-625 Argentina 5% broken 615-625

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Long grain white rice - low quality Thailand 25% broken 405-415 ↔ Vietnam 25% broken 335-345 ↑ Pakistan 25% broken 340-350 ↔ India 25% broken 375-385 ↔ U.S. Calrose 4% broken 570-580

Long grain parboiled rice Thailand parboiled 100% stxd 450-460 Pakistan parboiled 5% broken stxd 420-430 India parboiled 5% broken stxd 410-420 U.S. parboiled 4% broken 665-675 ↔ 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 ↔ Brokens Thailand A1 Super 395-405 ↔ Vietnam 100% broken 320-330 Pakistan 100% broken stxd 340-350 India 100% Broken stxd 310-320 Egypt medium grain brokens NQ ↔ U.S. pet food 360-370 ↔ Brazil half grain 325-335 ↔ Medium grain milled U.S. Calrose 4% broken 685-695 Egypt medium grain 6% NQ ↔

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

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18th september,2013 daily rice e newsletter (oryza news updates) shared by riceplus magazine