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19th September , 2013

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Oryza Shares - USDA to Survey Rice Producers Oryza Quick Glance at MDA Rice Crop Weather Update Vietnam Rice Sellers Increased Some of Their Quotes Today Oryza Overnight Recap – Chicago Rough Rice Futures Erase Yesterday’s Loss, Unimpressed by Tuesday’s Certified Acreage Report Oryza Afternoon Recap – Chicago Rough Rice Futures Make Last Minute Rally as Markets Get Boost from Fed Announcement Oryza Rice Currency Analysis for Today – Currencies Rally Back on Fed Announcement Brazil Paddy Rice Index Continues Lower Oryza Shares - Delinking of Local and International Prices: Exploring Competition in the Bangladesh Rice Market Oryza U.S. Rough Rice Recap – Little Change In Price Ideas as Harvest Progresses Oryza Rice Recap - Thailand Rice Quotes Slip Below India as News of Sale to China Fails to Revive Market Oryza Global Rice Quotes

NEWS DETAILS: Oryza Shares - USDA to Survey Rice Producers Sep 18, 2013

The U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) will soon be contacting California rice growers to learn about their production practices during the 2013 growing season for the Agricultural Resource Management Survey (ARMS). From October through December, NASS and the USDA’s Economic Research Service (ERS) will jointly conduct the second part of this three-phase survey that gathers data on farmers’ chemical use, pest management and irrigation practices for rice.“In recent years there have been major changes in the rice industry,” said Vic Tolomeo, director of the USDA-NASS Pacific Regional Field Office.

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“The results of this survey will update information on this major agricultural production sector and will ensure that agricultural leaders, legislators and producers themselves will be able to base their business decisions on accurate data that comes directly from the growers.” ARMS serves as the primary source of information on production practices, resource use and economic wellbeing of America’s farm operations and farm households. During this second phase of ARMS, trained NASS representatives will conduct face-to-face interviews with approximately 1,000 rice growers nationwide, including 200 in California.“Interviewers will ask rice producers to provide information on their fertilizer or nutrient use, biocontrol or pesticide use and their pest management and irrigation practices,” added Tolomeo. “Early next year, we will follow up with some participants to obtain additional economic and cost of production data.”As with all NASS surveys, information provided by respondents is confidential by law. “NASS safeguards the privacy of all respondents and publishes data only in aggregate form, ensuring that no individual operation or producer can be identified,” explained Tolomeo.For more information about ARMS and other NASS surveys and reports, please visit the NASS website at www.nass.usda.gov/. Tags: press release

Oryza Quick Glance at MDA Rice Crop Weather Update Sep 18, 2013

Oryza shares some of MDA’s latest rice crop weather updates: Rain will continue across south China and Yangtze Valley this week, which will slow rice harvesting of remaining first crop, but will maintain moister for double crop rice. Rain will be limited this week in Japan, which will improve the harvesting and also reduce the dryness a bit. Moisture lever will improve due to rainfall across central India this week. Few showers will reduce dryness in Eastern Bangladesh this week. Abundant rain will improve moisture levels in most areas of Indonesia this week. Rain across central and northern Vietnam and most parts of Thailand this week will improve moisture condition.

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Heavy rain will maintain significant wetness across Luzon in the Philippines this week. Harvest activity will slow due to rain in U.S. this week. Rain is expected to continue across central Brazil this week, benefiting planting in a few weeks. Weather is expected to remain dry in Argentina and Uruguay this week, which will reduce moisture. Wetness will increase due to abundant rain in Nigeria, Ivory Coast and northern Cameroon this week. Rain showers are expected to remain continue across northeastern Madagascar this week. For more complete weather information, contact: www.mdaus.com. Tags: weather

Vietnam Rice Sellers Increased Some of Their Quotes Today Sep 18, 2013

Vietnam rice sellers increased their quotes for 25% broken rice and 100% broken rice by about $10 per ton and $5 per ton respectively to around $335 - $345 per ton and $320 - $330 per ton respectively today. Other Asia 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. 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. 25% Broken Rice Thai 25% rice is quoted about $405 - $415 per ton, about a $70 per ton premium over Viet 25% rice (of summer-autumn crop 2013) shown around $335 - $345 per ton, up about $10 per ton from yesterday. Indian 25% rice is quoted about $375 - $385 per ton, 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 $450 - $460 per ton. Indian parboiled rice is quoted around $410 - $420 per ton, about a $10 per ton discount to Pak parboiled rice (of new crop) quoted around $420 - $430 per ton.

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100% Broken Rice Thai broken rice, A1 Super, is quoted around $395 - $405 per ton, about a $75 per ton premium over Viet broken rice (of summer-autumn crop 2013) shown around $320 - $330 per ton, up about $5 per ton from yesterday. Indian broken sortexed rice is quoted about $310 - $320 per ton, 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 Erase Yesterday’s Loss, Unimpressed by Tuesday’s Certified Acreage Report Sep 18, 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 continued to hover around the flatline Wednesday ahead of the Federal Reserve's announcement on the future of its economic stimulus program. The Fed is expected to make its announcement at 2pm ET following its two-day policy meeting and is expected to announce a $10-$15 billion reduction to its $85 per month asset purchase program. Fed Chairman Ben Bernanke is slated to hold a press conference at 2:30 pm ET. On the economic front, housing starts rose less than expected, increasing 0.9% to a seasonally adjusted annual rate of 891,000 units in August, according to the Commerce Department. July's starts were revised down to show a 883,000-unit pace instead of the previously reported 896,000 units. Economists polled by Reuters expected a reading of 917,000 units. In early economic news, the Mortgage Bankers Association said home loan applications rose 11.2%, after slumping 13.5% last week. U.S. stock futures are currently trading nearly unchanged, gold is currently trading about 0.6% lower, crude oil is seen trading about 0.4% higher, and the U.S. dollar is currently trading unchanged at 8:30am Chicago time. Tags: chicago rough rice futures

Oryza Afternoon Recap – Chicago Rough Rice Futures Make Last Minute Rally as Markets Get Boost from Fed Announcement Sep 18, 2013

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Chicago rough rice futures for November delivery settled 8 cents per cwt (about $2 per ton) higher at $15.610 per cwt (about $344 per ton). Rough rice futures made a last minute push to close in positive territory after spending the majority of the session trading in the red. Support came from outside markets as the Fed made a surprising announcement that it would continue to buy bonds at the current rate, while many traders had expected the rate to slow. The grain complex as a whole got a boost from today’s announcement which crude prices surge nearly 2% on the day; soybeans finished the day about 0.4% higher at $13.4775 per bushel; wheat finished about 0.5% higher at $6.4650 per bushel; and corn finished the day about 0.5% higher at $4.5625 per bushel. U.S. stocks spiked higher Wednesday, with the S&P 500 shooting to new highs after the Federal Reserve kept its bond-buying program intact. The Dow Jones Industrial Average shot up nearly 100 points. The blue-chip index is within 20 points of hitting its all-time high. The S&P 500 hit a new high of 1,721.82. The Nasdaq also rallied sharply following the announcement. Most key S&P sectors turned higher, led by materials and utilities. The Federal Reserve said it would continue buying bonds at the current rate of $85-billion a month for now, surprising Wall Street. Strategists and traders were expecting the central bank to announce a $10-$15 billion reduction to its asset purchase program. U.S. stock markets are currently trading up about 0.5%, gold is trading about 1% lower, crude oil is seen about 1.5% higher, and the U.S. dollar is seen about 0.2% lower at about 2:00pm Chicago time.Turning to the daily continuation chart of Chicago rough rice futures for November delivery, once again the market found underlying support around $15.400 per cwt (about $340 per ton) a level which has marked the bottom of the current sideways trading range. Although the bears managed to come within 1 cent per cwt (about $0.22 per ton) of reaching this level, buying interest quickly picked up and prices shot over 20 cents per cwt (about $4 per ton) higher by the ringing of the closing bell. Today’s last minute rally was strong enough to push prices through closely followed technical resistance provided by the 20-day moving average which was noted at $15.595 per cwt (about $344 per ton). Although today’s action took place on reduced volume, this fact will likely trigger additional buying interest upon the open of the market this evening. Many traders feel that the 20-day moving average marks the boundary between technically negative and positive territory, and with today’s move the market has progressed into the later. Look for follow-through buying overnight and tomorrow as further confirmation to today’s bullish development. Today’s trading range is noted as $15.410-$15.620 per cwt (about $340-$344 per ton). Tuesday, there were 242 contracts traded, down from 479 contracts traded on Monday. Open interest – the number of contracts outstanding – on Tuesday decreased by 20 contracts to 9,621. Tags: chicago rough rice futures

Oryza Rice Currency Analysis for Today – Currencies Rally Back on Fed Announcement

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Sep 18, 2013

U.S. dollar index was down -1.04% from the open today, when it traded at 80.292 at the close. Euro was +1.08% higher today by the close, trading around 1.3503 by end of day, after trading between an intraday high of 1.3512 and low of 1.3338. The Fed shocked the market today by announcing there would be no tapering in bond buying. Thai baht was stronger +1.26%, trading at 31.320 at the close of business. Indian rupee was weaker -0.02%, finishing the day at 63.3850. Brazilian real was +2.65% stronger than the open at today’s close, when it ended at 2.1980 reais per dollar. Pakistan rupee was -0.79% weaker at the close, trading at 105.9575. Vietnamese dong was -0.13% weaker at 21145. Mexican peso was +1.79% stronger today, when it traded at 12.6944 pesos per dollar by the close of business today. Chinese yuan was unchanged at 6.1210. Argentine peso was -0.13% weaker at 5.7503 pesos per dollar. Tags: foreign exchange rates

Brazil Paddy Rice Index Continues Lower Sep 18, 2013

The Brazilian paddy rice index maintained by CEPEA ended September 17 at 33.95 reais per 50 kilograms, down about 2% from a week prior and down about 11% from the same day a year ago. In U.S. dollar terms, the index is around $299 per ton, down 1% from a week prior and down 20% from a year prior due to the declining value of the real against the U.S. dollar, down about 12% in the last year. Tags: Brazil paddy rice index cepea

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Oryza Shares - Delinking of Local and International Prices: Exploring Competition in the Bangladesh Rice Market Sep 18, 2013

In a report titled “Delinking of Local and International Prices: Exploring Competition in the Bangladesh Rice Market,” authors Minhaj Mahmud and Syed Naimul Wadood find that “rice markets contain a large network of intermediaries from the beginning point of the farmer to the end point of the consumer” and that these intermediaries operate in a largely informal manner with default risk “quite high.” Continuing that, “Even though the entry cost is not prohibitively high, the issue of default risk, trust and reputation, skill and expertise and correct knowledge of the business partners are very essential to survive and hence these can be considered as steep entry barriers.” The report adds that farmers lack connections and therefore multiple options to sell their rice while millers are able to “enjoy large leverage over the entire rice market.” The full report can be found below: Tags: Bangladesh rice prices

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Oryza U.S. Rough Rice Recap – Little Change In Price Ideas as Harvest Progresses Sep 18, 2013

Offers for U.S. rough rice continue to 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 remain steady near $15.56 per cwt (about $343 per ton), fob farm and delivered, respectively, for October through December delivery, although small trades were reported to have occurred as high as $16.00 per cwt delivered mill (about $353 per ton). Tags: U.S. rice prices

Oryza Rice Recap - Thailand Rice Quotes Slip Below India as News of Sale to China Fails to Revive Market Sep 18, 2013

The Thai Commerce Ministry says that within a couple of weeks the nation is expected to sign an agreement to sell 1.2 million tons of rice to China, according to the National News Bureau of Thailand. The announcement that the deal will be finalized in two weeks follows skepticism from the government opposition that the sale was a hoax. Thai media adds that “According to the minister, the prices agreed upon so far are considered fairly high.” However, the proof will be in the pudding. So far, China has been limited to a bargain buyer, buying cheap rice from Vietnam and Pakistan. A Thai official at the Thai embassy in Beijing has confirmed the deal, but there’s been no news from the Chinese side.

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This news failed to revive the market and Thai rice quotes continue to slip lower and lower as quality concerns abound. Thai 5% rice is today shown around $420 per ton, about a $5 discount to India rice. This is a far cry from when Thai rice was trading at about a $100-$200 premium to India and other Asian origins.The government, under its rice mortgage scheme designed to lift Thai rice prices, has long said the premium for Thailand rice is justified due to its premium quality. With millions of tons of rice in storage from this scheme and previous schemes, the government’s ideas of a superior product have nearly been thrown out the window and the government is losing credibility by the day. The price support for rice has also spilled over into other commodities with rubber farmers clashing with police in demand for similar price support as rice farmers receive. Amid fears the millions of tons of Thai rice in storage may be compromised, the Thai government admitted to destroying 1,000 tons of rice, saying it was from the 2008 rice-pledging scheme and that no corruption was involved. The rice was part of an incomplete shipment to China and local media hints that China could sue Thailand for failing to ship the entire 13,000 tons of rice, having only shipped 12,000 tons, according to the National News Bureau of Thailand. Thai authorities say the rice was damaged in the 2011 floods, molded, and then caught fire in spontaneous combustion. In response to the news, one reader posted on the Bangkok Post’s story, “So by that reckoning in 4 years time they will fine millions of tons of rotting rice” while another reader laments, “This will be the first of many such 'finds'.” However, other readers are less skeptical, one writing, “If grain becomes moist it will start a biological reacting that causes heat. This can cause this type of combustion. This is why grain cannot be stored unless dried. Yes this story makes sense.”The National News Bureau of Thailand today reported that the Commerce Ministry of Thailand has established a committee to investigate the case of rotten and burnt rice. The investigation is expected to be complete within 2 weeks.No doubt the report will not find widespread, systemic mismanagement or compromised quality, but whether the market believes this is another matter. Tags: oryza rice recap

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 ↔ Uruguay 5% broken 615-625 ↔ Argentina 5% broken 615-625 ↔ Long grain white rice - low quality Thailand 25% broken 405-415 ↔

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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 ↔

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Medium grain milled U.S. Calrose 4% broken 685-695 ↔ Egypt medium grain 6% NQ ↔ All prices USD per ton, FOB vessel, oryza.com

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19th september,2013 daily rice e newsletter( oryza news updates) shared by riceplus magazine  
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