19th may,2015 daily exclusive oryza rice e newsletter by riceplus magazine

Daily Exclusive

ORYZA Rice E-Newsletter

2015 Daily Exclusive ORYZA Rice E-Newsletter www.ricepluss.com

www.riceplusmagazine.blogspot.com May 19 ,2015 Vol 5,Issue V

For Advertisement in daily Newsletter & Blog & Website

Contact: Mujahid Ali mujahid.riceplus@gmail.com www.ricepluss.com & www.riceplusmagazine.blogspot.com

Page 1

Daily Exclusive ORYZA Rice E-Newsletter 2015

Three Controls Technology" Can Enhance Rice Yields with Less Fertilizers, Says GDRRI Researcher May 18, 2015

Dr.Xuhua Zhong, crop physiologist at the Rice Research Institute of the Guangdong Academy of Agricultural Sciences (GDRRI) says the "three controls technology (3CT)" can enhance rice yields by about 10%, according to a news release in the International Rice Research Institute (IRRI) website.He says 3Cs means controlling the amount of fertilizer, unproductive tillers, and diseases and insects. He noted that by using 3CT, farmers can decrease their nitrogen fertilizer and pesticide use by about 20%. He recommends the "4-2-3-1" principle, under which 40% of nitrogen should be applied at the basal stage, 20% at mid-tillering stage, 30% at panicle initiation and 10% at heading stage He says by applying fertilizer at different stages, rice plants are less prone to diseases such as sheath blight and use of fertilizer can be reduced in every subsequent stage. It helps farmers to save on the costs of fertilizer, pesticide and labor. www.ricepluss.com & www.riceplusmagazine.blogspot.com

Page 2

Daily Exclusive ORYZA Rice E-Newsletter 2015 The 3CT is also important in China in the light of low and unstable yields, excessive use of chemical fertilizers and pesticides, environment pollution, and low profits, says the President of the GDRRI.The 3CT method was initially recommended by the Ministry of Agriculture of China (MOA) in 2012 and since then the GDRRI has been working closely with the MOA to reduce the use of fertilizers significantly. The President of the GDRRI noted that the institute has been working closely with the IRRI to develop a low-carbon and high-yielding technology, which will also reduce water use and greenhouse gas emissions.

El Nino May Reduce Global Crop Harvest by 0.8 - 4%, Finds Study

May 18, 2015

A new study published in the Nature Communications Journal last week finds that there is a link between the El Nino Southern Oscillation and global food harvests of cereals such as rice, wheat, corn and soybeans, according to Breitbart News.The study finds that El Nino years have www.ricepluss.com & www.riceplusmagazine.blogspot.com

Page 3

Daily Exclusive ORYZA Rice E-Newsletter 2015 had a tendency for negative impacts on crop yields in 22 to 24% of crop growing regions in Asia.

It also finds that El Ninos have had a positive impact on crop yields in 30 to 36% of harvested regions in North America.

The study estimates the global average negative impact on total crop harvests is between 0.8% to 4% for rice, wheat, corn and soybeans.Last week, the U.S. National Oceanic and Atmospheric Administration, Australia and Japan Weather Bureaus declared the onset of an El Nino this year.

El Nino pattern increases temperatures of Pacific Ocean leading to extreme weather conditions such as droughts in Asia and Australia, and floods in Latin America affecting agricultural output.Meanwhile, analysts are predicting that global food shortages may lead to substantial increase in global food prices.

Global Rice Quotes May 19th, 2015 Long grain white rice - high quality Thailand 100% B grade 380-390

↔

Vietnam 5% broken

350-360

↔

India 5% broken

370-380

↔

Pakistan 5% broken

395-405

↔

Myanmar 5% broken

415-425

↔

Cambodia 5% broken

430-440

↔

U.S. 4% broken

470-480

↔

Uruguay 5% broken

565-575

↔

Argentina 5% broken

555-565

↔

Long grain white rice - low quality Thailand 25% broken

350-360

↔

Vietnam 25% broken

330-340

↔

Pakistan 25% broken

355-365

↔

Cambodia 25% broken 410-420

↔

India 25% broken

↔

345-355

www.ricepluss.com & www.riceplusmagazine.blogspot.com

Page 4

Daily Exclusive ORYZA Rice E-Newsletter 2015 U.S. 15% broken

460-470

↔

Long grain parboiled rice Thailand parboiled 100% stxd

370-380

Pakistan parboiled 5% broken stxd

↔

405-415

India parboiled 5% broken stxd 360-370

↔

U.S. parboiled 4% broken

555-565

↔

Brazil parboiled 5% broken

570-580

↔

Uruguay parboiled 5% broken NQ

↔

↔

Long grain fragrant rice Thailand Hommali 92% Vietnam Jasmine

865-875 480-490

↔

India basmati 2% broken

NQ

↔

Pakistan basmati 2% broken

NQ

↔

Cambodia Phka Mails 815-825

↔

↔

Brokens 315-325

↔

Vietnam 100% broken 305-315

↔

Thailand A1 Super

Pakistan 100% broken stxd Cambodia A1 Super

300-310

350-360

↔

India 100% broken stxd

270-280

Egypt medium grain brokens

NQ

U.S. pet food

↔

365-375

Brazil half grain

NQ

↔

↔

↔

↔

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

www.ricepluss.com & www.riceplusmagazine.blogspot.com

Page 5

Daily Exclusive ORYZA Rice E-Newsletter 2015

EU Imports from Asian LDCs Increase in First Eight Months of 2014-15

May 18, 2015

The European Union's (EU) rice imports, including milled and semi-milled, from the Least Developed Countries (LDCs) of Asia such as Cambodia and Myanmar under the Everything But Arms (EBA) Agreement have reached around 204,512 tons in the first eight months of the crop year 2014-15 (September 2014 - August 2015), up about 12% from around 182,600 tons imported during the same period last year, according to data from the European Commission (EC).The EC data shows that imports from Cambodia (which account for about 76% of total imports from Asian LDCs in September 2014 – April 2015) declined about 2% to around 155,501 tons from around 158,674 tons during the same period last year. On the other hand, rice imports from Myanmar (which account for about 22% of total imports from Asian LDCs in September 2014 – April 2015) have more than doubled to around 45,240 tons from around 20,848 tons during the same period last year.

www.ricepluss.com & www.riceplusmagazine.blogspot.com

Page 6

Daily Exclusive ORYZA Rice E-Newsletter 2015 Under the EBA Agreement, the EU imports rice from the LDCs at zero-percent duty. It was basically aimed to raise incomes and living standards of farmers in the LDCs. Rice imports (milled equivalent) from the Asian LDCs mostly Cambodia and Myanmar) increased about forty times to around 402,000 tons in MY 2013-14 from just 10,000 tons in MY 2008-09, according to the new Chairman of Copa-Cogeca (The united voice of farmers and their co-operatives in the European Union) Rice Working Party.

Italy, the EU’s main rice producer, has been expressing concern that the competitiveness of Italian rice has been declining significantly due to an increase in imports from EBA countries.

The Italian government and the Ente Nazionale Risi (National Agency for Rice) have been urging the EU to adopt a safeguard clause to curtail imports from EBA countries.Recently, analysts are expressing concern that the basic purpose of the EBA clause is not being served as the farmers in the LDCs such as Cambodia are not benefitting from it.

Government of Thailand Decides to Sell 2 Million Tons of Rice in Two Months May 18, 2015

The government of Thailand has decided to sell 2 million tons of rice from the government

www.ricepluss.com & www.riceplusmagazine.blogspot.com

Page 7

Daily Exclusive ORYZA Rice E-Newsletter 2015 stockpiles over the next two months after the National Rice Policy Committee chaired by the Prime Minister had approved for the release of the stocks into the market, according to local sources.The government had delayed this year's third auction to avert downward pressure on rice prices. It was reportedly evaluating markets to decide over the timing for reopening bidding for its government stocks.The Commerce Ministry Secretary noted that the downward pressure on prices would ease in the coming weeks as the second crop would reach the market shortly. She added that the paddy prices are expected to stabilize at 8,200-8,500 baht (around $246 - $255) per ton.

She expressed confidence that Thailand would export the targeted 10 million tons of rice in 2015. Thailand exported 3.3 million tons of rice between January and April 2015, down about 1.3% from around 3.8 million tons exported during the same period last year, according to the TREA.The Thai military government currently holds about 16 million tons of rice and had sold about 1.88 million tons of rice from six auctions raising around 25.58 billion baht (around $785.2 million) since it seized power in May 2014. It also reportedly sold one million tons of rice under government-to-government contracts.Export prices of Thai 5% rice currently stands at around $370 per ton, down about 10% from around $410 per ton in the beginning of this year.Separately, the former Prime Minister is likely to enter a non-guilty plea at the Supreme Court on May 19, 2015. The Supreme Court's Criminal Division for Holders of Political Positions will hear the case against the former PM for alleged dereliction of duty and with abuse of authority under Section 157 of the Criminal Code and Section 123/1 of the 1999 Counter Corruption Act.

Mekong Delta Rice Farmers Urged to Speed Up Summer-Autumn Crop Harvest to Avoid Losses from Drought and Salinity Intrusion May 18, 2015

www.ricepluss.com & www.riceplusmagazine.blogspot.com

Page 8

Daily Exclusive ORYZA Rice E-Newsletter 2015

Nearly 400,000 hectares of agricultural land is understood to be affected by the ongoing drought and salinity intrusion in Vietnam's Mekong River Delta, according to local sources.The salinity in the early dry season in most of the Mekong Delta's provinces was about 1 - 10 g (0.1-1%) higher than the same period last year. On the other hand acute drought is also severely impacting the yields of the summer-autumn crop.Authorities are taking measures to protect rivers from salt water intrusion by building culverts along the rivers and canals. They are also urging rice growes to speed up harvesting process before the drought casts impact on the yields. Authorities are also encouraging concerned departments to identify potential areas to be affected by drought and salinity and prepare action plans to respond to crisis.According to USDA Post, 2015 summer autumn crop is estimated to be planted in about 7.7 million tons and is expected to produce around 15.95 million tons, basis paddy (around 9.98 million tons, basis milled).USDA estimates Vietnam to produce around 28 million tons of rice, basis milled (around 44.88 million tons, basis paddy) and export around 6.7 million tons in 2014-15 (January 2015 - December 2015).

www.ricepluss.com & www.riceplusmagazine.blogspot.com

Page 9

Daily Exclusive ORYZA Rice E-Newsletter 2015

Oryza Afternoon Recap - Chicago Rough Rice Futures Shoot Higher Led by Strength in Wheat and Corn May 18, 2015

Chicago rough rice futures for Jul delivery settled 22 cents per cwt (about $5 per ton) higher at $9.795 per cwt (about $216 per ton). The other grains finished the day higher, led by continued strength in the wheat market as traders continue to weigh weather issues in the US and abroad; Soybeans closed about 0.1% higher at $9.5750 per bushel; wheat finished about 2.1% higher at $5.2175 per bushel, and corn finished the day about 0.7% higher at $3.6800 per bushel.U.S. stocks traded higher on Monday after closing near highs last week, as investors awaited the bulk of the week's housing data and mostly shook off earlier concerns about Greece's ability to pay back its creditors.

The major indices held higher in afternoon trade after earlier fluctuating around the flat-line. The Dow Jones industrial average mostly traded above its previous closing and intraday high of 18,288.63, while the S&P 500 topped its intraday high of 2,125.92. Speaking early Monday at the Swedish capital, Chicago Fed President Charles Evans said the U.S. Federal Reserve could look at a rate hike in June if the economy is strong enough, Reuters said. His speech argued for rates to start rising in early 2016. Evans told reporters if the Federal Open Market Committee had confidence that inflation was going to move up and that first quarter economic softness was temporary, "you could imagine a case being made for a rate increase in June. " Most of the second-quarter data reports have showed a slower-than-expected rebound from a weak first quarter. The only data out Monday was the National Association of Home Builders' survey, which showed builder confidence slipped two points in May, missing expectations of a slight gain. Housing starts and existing home sales come out later in the week, along with the Federal Open Market Committee's meeting minutes. In Europe, stocks closed higher amid abating fears that Greece is on the verge of bankruptcy. Earlier, U.S. stocks opened mildly lower as European equities dipped on news a Greece government spokesman said on Monday that authorities will pay public-sector wages and pensions in May, but needs a deal with creditors by the end of the month. The Dow Jones Industrial Average traded up 14 points, or 0.07%, at 18,286. The S&P 500 traded up 5 points, or 0.22%, at 2,127, with telecommunications leading seven sectors higher and materials the greatest laggard.

The Nasdaq traded up 23 points, or 0.46%, at 5,071. Gold is trading about 0.1% higher, crude oil is seen trading about 0.5% lower, and the U.S. dollar is seen trading about 0.9% higher at www.ricepluss.com & www.riceplusmagazine.blogspot.com

Page 10

Daily Exclusive ORYZA Rice E-Newsletter 2015 about 1:00pm Chicago time.Friday, there were 491 contracts traded, up from 458 contracts traded on Thursday. Open interest – the number of contracts outstanding – on Friday decreased by 3 contracts to 11,206.

Oryza Overnight Recap – Chicago Rough Rice Futures Slightly Lower Overnight as Market Weighs Meaning of Yesterday’s Rally May 18, 2015

Chicago rough rice futures for Jul delivery are currently seen trading 15.5 cents per cwt (about $3 per ton) higher at $9.730 per cwt (about $211 per ton) during early floor trading in Chicago. The other grains are seen trading higher; soybeans are currently seen about 0.6% higher, wheat is listed about 1.3% higher and corn is currently noted about 0.6% higher.U.S. stocks traded in a narrow range on Monday after closing near highs last week, as investors digested housing data and weighed renewed concerns about Greece's ability to pay back its creditors.

The major indices fluctuated around the flat-line, attempting to hold slight gains. The Dow Jones industrial average briefly traded above its previous closing and intraday high of 18,288.63. The S&P traded above its closing high hit on Friday but held below its intraday high of 2,125.92. In Europe, stocks turned to trade mostly lower on growing fears that Greece is on the verge of bankruptcy. A government spokesman said on Monday that authorities will pay public-sector wageNational officials in Athens also sent a letter to the International Monetary Fund that showed Greece came close to defaulting on a 750 million euro ($860 million) repayment last week, local newspaper Kathimerini and the Financial Times reported.

However, analysts noted that U.S. losses remained muted despite the renewed concerns about Greece’s and pensions in May, but needs a deal with creditors by the end of the month. The Dow Jones Industrial Average traded down 7 points, or 0.04%, at 18,265. The S&P 500 traded down 2 points, or 0.10%, at 2,120, with energy the greatest of six laggards and financials leading gainers.

The Nasdaq traded down 9 points, or 0.19%, at 5,038. Gold is currently trading about 0.2% lower, crude oil is seen trading about 0.1% higher, and the U.S. dollar is currently trading about 0.9% higher at 8:15am Chicago time.

Vietnam Exports About 1.686 Million Tons of Rice During January 1 – May 14, 2015 www.ricepluss.com & www.riceplusmagazine.blogspot.com

Page 11

Daily Exclusive ORYZA Rice E-Newsletter 2015

May 18, 2015

Vietnam exported about 1.686 million tons of rice in January 1 - May 14, 2015, down about 28% from about 2.34 million tons of rice exported in first five months of 2014, according to data from the Vietnam Food Association (VFA). Average rice export price so far in this year stands at around $419 per ton (FOB), down about 3% per ton from around $433 per ton recorded during same last year.During May 114, 2015, Vietnam exported around 130,782 tons of rice, down about 78% from around 585,536 tons of rice exported in full month of May 2014, and down about 80% from around 650,507 tons rice exported in full month of April 2015. Average export prices so far in May stands at around $422 per ton, up about 1% per ton from a year ago, and up about 2% per ton from a month ago.

www.ricepluss.com & www.riceplusmagazine.blogspot.com

Page 12

Daily Exclusive ORYZA Rice E-Newsletter 2015

Oryza U.S. Rough Rice Recap - Prices Seen Steady as Buyers Stay on Sideline; 66% of Crop in Good-to-Excellent Condition May 18, 2015

The U.S. cash market was unchanged today despite a firmer futures market as buy interest remains limited and stocks remain ample.With persistent wet weather in the U.S. Mid-South over the last week some analysts expect farmers to plant less acreage than the USDA had estimated in last week’s WASDE report.In the meantime, the USDA estimates that as of May 17th, 89% of the US rice crop had been planted which is 4% ahead of this time last year and 7% ahead of the previous 5-year average. As of now, the USDA estimates that farmers have planted at 89% of their rice crop in Arkansas, 90% in California, 98% in Louisiana, 93% in Mississippi, 75% in Missouri, and 79% in Texas.

The USDA estimates that 70% of the crop has emerged which was 3% ahead of this time last year and 4% ahead of the previous 5-year average. As of now, the USDA estimates that 73% of the rice crop in Arkansas has emerged compared to , 50% in California, 92% in Louisiana, 72% in Mississippi, 53% in Missouri, and 75% in Texas.The USDA estimates that 66% percent of the crop in good to excellent condition compared to 63% in Arkansas, 80% in California, 65% in Louisiana, 79% in Mississippi, 45% in Missouri, and 52% in Texas.

Italian Rice Growers Urged to Shift to Dry Seeding Technique Amid Fears of Water Scarcity May 18, 2015

www.ricepluss.com & www.riceplusmagazine.blogspot.com

Page 13

Daily Exclusive ORYZA Rice E-Newsletter 2015

Italian rice growers are urged to shift to dry seeding technique of rice transplantation in this crop season due to fears of lower irrigation water this year due to dry weather conditions.Dry seeding involves the sowing of rice seeds (without pre-germination) directly into a dry or moist field and has several advantages associated with it. It is relatively cheaper though it needs more seeds more tractor ploughing compared to traditional transplantation method. It mainly requires lesser fertilizer as well as lesser water.

Authorities are planning to convince rice growers in major rice growing provinces to adopt dry seeding technique as they fear that at the end of May there may not be enough water for all the irrigation purposes. They are especially worried that planting of other crops such as corn may also require increased quantities of water and consequently volume of water for rice may be impacted significantly. They are of the view that an expanding dry seeded area may bring a different balance in the use of water in the country in this rice growing season.Rice growers in Pavia province and Novara province have already started adopting this technique extensively.

Vietnam Rice Sellers Lower Some of Their Quotes; Pakistan Rice Quotes Mixed Today May 18, 2015

www.ricepluss.com & www.riceplusmagazine.blogspot.com

Page 14

Daily Exclusive ORYZA Rice E-Newsletter 2015 Vietnam rice sellers lowered their quotes for Jasmine rice by about $10 per ton to around $480 $490 per ton today. Pakistan rice sellers lowered their quotes for 5% broken rice and parboiled rice by about $20 per ton and $5 per ton respectively and increased their quotes for 25% broken rice and 100% broken rice by about $5 each today. Other Asia rice sellers kept their quotes mostly unchanged today.

5% Broken Rice Thailand 5% rice is indicated at around $370 - $380 per ton, about a $20 per ton premium on Vietnam 5% rice shown at around $350 - $360 per ton. India 5% rice is indicated at around $370 - $380 per ton, about a $25 per ton discount to Pakistan 5% rice shown at around $395 - $405 per ton, down about a $20 per ton from Friday.

25% Broken Rice Thailand 25% rice is shown at around $350 - $360 per ton, about a $20 per ton premium on Vietnam 25% rice shown at around $330- $340 per ton.

India 25% rice is indicated at around $345 - $355, about a $10 per ton discount to Pakistan 25% rice shown at around $355 - $365 per ton, up about a $5 per ton from Friday.

Parboiled Rice Thailand parboiled rice is indicated at around $370 - $380 per ton. India parboiled rice is indicated at around $360 - $370 per ton, about a $45 per ton discount to Pakistan parboiled rice shown at around $405 - $415 per ton, down about a $5 per ton from Friday.

100% Broken Rice Thailand 100% broken rice, A1 Super, is indicated at around $315 - $325 per ton, about a $10 per ton premium on Vietnam 100% broken rice shown at around $305 - $315 per ton. India's 100% broken rice is shown at around $270 - $280 per ton, about a $30 per ton discount to Pakistan broken sortexed rice shown at around $300 - $310 per ton, up about a $5 per ton from Friday.

Want to Have a Glimpse of Eighteenth Century Rice Milling Equipment Still in Working Condition?

May 18, 2015

www.ricepluss.com & www.riceplusmagazine.blogspot.com

Page 15

Daily Exclusive ORYZA Rice E-Newsletter 2015

Antica Riseria San Giovanni (Ancient Saint John rice mill) in Italy's Fontanetto Po showcases the eighteenth century rice milling equipment including an ancient rice and husk separator, a wooden mortar, an ancient grindstone, an ancient rice sifter, and ancient rice sewing machine, ancient rice weighingstones and a turbine that was used to generate electricity to run the mill.This mill was built in 1878 by rebuilding a mill that dated back to 1465. A visit to the mill shows how water-force was used to run all the machines before the electricity was used for the purpose. Even today the turbine "Francis", which derived power to run the rice machinery from the waters of the Dora Baltea river, is in the working condition.

Other machinery such as the 18th century grindstone, which was used until 1970 to crumble and recycle rice husk, is also still working.The mill is currently under the possession of an association called "Macchine da riso" (Rice machinery), which collects, restores and exhibits the ancient agricultural machinery. It also has a restoration workshop with a blacksmith and a carpenter.The mill is in heart of Italy's rice growing region.

www.ricepluss.com & www.riceplusmagazine.blogspot.com

Page 16