24th june (wednesday) ,2015 daily exclusive oryza e rice newsletter by riceplus magazine

June 24 ,2015

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Oryza Overnight Recap – Chicago Rough Rice Futures Little Changed while Wheat and Corn Continue to Show Strength Jun 23, 2015

Chicago rough rice futures for Jul delivery are currently seen trading 1 cent per cwt (about $0.22 per ton) higher at $9.855 per cwt (about $217 per ton) during early floor trading in Chicago. The other grains are seen trading with mixed results; soybeans are currently seen trading about 0.3% lower, wheat is listed about 1.5% higher and corn is currently noted about 1.3% higher.U.S. stocks traded mixed on Tuesday as investors watched domestic data reports for further signs of economic improvement and remained optimistic on a Greece deal.

The Nasdaq Composite touched a fresh intraday high after a record close on Monday. However, the index struggled to hold slight gains. The Russell 2000 extended gains to hit a new high after also closing at a record on Monday. The morning's economic data was mixed, with durable goods falling more than expected and the initial read on U.S. PMI the lowest since October 2013.

Anticipation of resolution in the Greece debt crisis helped Japan's blue-chip Nikkei index hit a 15-year high and supported broad gains in European stocks.

The European Central Bank on Tuesday lifted the ceiling on emergency liquidity to Greek banks for a second time in two days, Reuters cited a banking source as saying. The Dow Jones Industrial Average traded up 42 points, or 0.24 percent, at 18,162.32. The S&P 500 traded up 4 points, or 0.18%, at 2,126, with telecommunications leading seven sectors higher and utilities the greatest laggard. The Nasdaq traded up 2 points, or 0.04%, at 5,156. Gold is currently trading about 0.5% lower, crude oil is seen trading about 1% lower, and the U.S. dollar is currently trading about 1.2% higher at 9:00am Chicago time.

Thai Agriculture Minister Plans AntiDrought Measures for Rice Farmers Jun 23, 2015

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Thailand's Agriculture Minister again requested the rice farmers to suspend the main crop rice planting in two million rai (around 320,000 hectares) land in the Chao Phraya River Basin of the Central Region until normal rainfall resumes as water in the reservoirs has reached exceptionally low levels, according to local sources.The Minister noted that the government cannot honour the farmers' demands to pay a compensation of about 1,000 baht per rai (around $185 per hectare) to suspend rice planting. He noted that the government is requesting the farmers to delay rice planting only by two months, and the two-month delay in income would not entitle them for a compensation.

He however said that he would propose a package of measures to assist farmers in the economic cabinet meeting next week.The measures reportedly include providing farming costs to famers delaying rice planting; suspending interest collection until new crops produce yield and generate revenues for farmers; providing water to about 4 million rai (around 640,000 hectares), including 3.4 million rai (about 544,000 hectares) in which rice is already planted and 600,000 rai (around 3

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96,000 hectares) in which alternative crops are being planned; and encourage and support farmers to grow crops that require less water in the 2 million rai (about 322,000 hectares) land.

Brazil Paddy Rice Index Declines Slightly from Last Week Jun 23, 2015

The Brazilian paddy rice index maintained by CEPEA reached around 33.69 real per 50 kilograms as of June 22, 2015, down about 0.06% from around 33.71 real per 50 kilograms recorded on June 15, 2015.

In terms of USD per ton, the index reached around $219 per ton on June 22, 2015, up about 1% from around $217 per ton recorded on June 15, 2015.

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Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine | www.ricepluss.com & www.riceplus.blogspot.com

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Global Rice Quotes June 23rd, 2015

Long grain white rice - high quality Thailand 100% B grade 375-385

↔

Vietnam 5% broken

345-355

↓

India 5% broken

385-395

↔

Pakistan 5% broken

385-395

↔

Myanmar 5% broken

415-425

↔

Cambodia 5% broken

430-440

↔

U.S. 4% broken 450-460

↔

Uruguay 5% broken

565-575

↔

Argentina 5% broken

555-565

↔

Long grain white rice - low quality Thailand 25% broken

345-355

↔

Vietnam 25% broken

325-335

↓

Pakistan 25% broken

340-350

↔

Cambodia 25% broken 410-420

↔

India 25% broken

350-360

↔

U.S. 15% broken

440-450

↔

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Long grain parboiled rice Thailand parboiled 100% stxd

365-375

Pakistan parboiled 5% broken stxd

↔

395-405

India parboiled 5% broken stxd 365-375

↔

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% 815-825

↔

Vietnam Jasmine

↑

480-490

India basmati 2% broken

NQ

↔

Pakistan basmati 2% broken

NQ

↔

Cambodia Phka Mails

820-830

↔

315-325

↔

Vietnam 100% broken 310-320

↔

Brokens Thailand A1 Super

Pakistan 100% broken stxd Cambodia A1 Super

285-305

350-360

↔

India 100% broken stxd 280-290

↔

Egypt medium grain brokens

NQ

↔

U.S. pet food

↔

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350-360

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Brazil half grain NQ

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

Mauritius Buys 6,000 Tons of Long-Grain White Rice from India Jun 23, 2015

The state purchasing agency in Mauritius has purchased 6,000 tons of long-grain white rice from India in a tender (for same amount of rice) that closed on June 3. 2015, Reuters quoted European traders.

The agency reportedly purchased 4,500 tons of rice at $389.90 per ton (c&f) and 1,500 tons at $397.00 per ton (c&f), and seeks delivery between July 1 and September 30, 2015.

Oryza U.S. Rough Rice Recap – Prices Unchanged ahead of Iraqi Grain Board Tender Jun 23, 2015

The U.S. cash market was unchanged with farmers' price ideas holding firm well above buyers' interest and as a result things were quiet today.Analysts note that many in the industry are hopeful that the U.S. will be awarded a piece of the latest Iraqi Grain Board tender; however, there are others who have their doubts.There is growing concern that if the U.S. does not generate additional export business prices may have to come off even further to get some moving before new crop is available.

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EU Farmers’ Association Hails Council Suggestions Regarding Organic Legislation Jun 23, 2015

The EU farm Ministers Council has reached an understanding over the EU organic legislation, according to a news release on the Copa-Cogeca (Association of European farmers and Agricooperatives) website.The Copa-Cogeca President hailed the EU farm Minister for striking a compromising solution, especially the maintenance of mixed farms in the region's rice sector. He noted that the suggestions would improve the European Commission's original proposal in many ways. “This will allow farmers to gradually develop outlets for all their products and thus safeguard their farm's viability without being exposed to serious risks. Moreover, a ban could have deterred farmers from converting to organic farming or maintaining this specific production method�, he said.

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The Chairman of Copa-Cogeca’s Working Party on Organic Farming added that the decision if implemented would also ensure that imports will comply with the EU production standards.

“This will help to ensure fairer competition between EU farmers and farmers in non EU countries whose products can bear the same EU organic logo, and will maintain consumer confidence," he said."We also invite European Parliament to work on the basis of the EU Council’s compromise agreement and on the way to harmonise the approaches taken by the control bodies and control authorities in case of adventitious contamination”, he added.The Copa-Cogeca Secretary-General urged the Members of European Parliament (MEPs) to act quickly as a proper decision would help them make necessary investments and develop their businesses.

Saline-Tolerant Rice Varieties Offer Promising Future to Bangladesh Rice Farmers Jun 23, 2015

In Bangladesh, the negative impact of climate change has resulted in farmland in turning saline, more so in southern coastal region—considered as nation's rice bowl.

Large acres of land are left fallow across the country and rice cultivation has decreased substantially because of salinity.Aid agencies, however, are optimistic about rice varieties that can naturally tackle salty soil. Bangladesh is a low-lying delta and is vulnerable to violent storms and floods and protecting agriculture from natural calamities is critical for agriculture. At the Bangladesh Rice Research Institute scientists have developed new varieties by crossbreeding rice varieties that can naturally withstand salty soil.

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Though seeds are free for farmers, many of them were hesitant to adopt. The scientists from Cereal Systems Initiative for South Asia (CSISA) have been demonstrating to the farmers at the field the cultivation techniques for the rice varieties in poor soil. Extension education has been critical in disseminating how to grow rice varieties and in the past 4 years around 180,000 farmers participated in training programs.

Salinity can be different from adjoining fields, or even within, due to rainfall, elevation and exposure to salt water from nearby rivers. Based on degrees of salinity, different types of saltresistant rice varieties can be cultivated. The saline-resistant rice varieties have been found effective and have higher yields and the potential to mitigate salinity’s adverse impacts.

Agricultural Experts Call for Modern Rice Farming Technologies in Vietnam Jun 23, 2015

Agricultural experts in Vietnam have noted that various rice farming technologies in the country are outdated and urged the government to facilitate restructuring of the rice as well as total agricultural mechanization in the country, according to local sources.Speaking at a Ministry conference last week, they noted that though mechanization happened at various stages of rice production, most of the machinery used is outdated. An official from the Agriculture Ministry's Department for Agro-Forestry-Fisheries and Salt Processing noted that tillers used in Vietnam are of only 1.6 horsepower (HP) per hectares, and are much lower to 4 HP/ha, 10 Hp/ha and 8 Hp/ha in Thailand, Korea and China respectively.

They also noted that there were many shortcomings in the application of agricultural engineering in the country, and may projects in this area were ""impractical, inadequate and uncreative." For instance they said government involvement in the manufacturing of heavy farm machinery has been meagre and private players have been restricting to smaller machinery.The Deputy chairman of the Vietnam Agricultural Engineering Society (VSAE) noted that government policies in this area are commendable but their implementation is not to a desirable extent. He added that farmers and enterprises are finding difficult to access financial assistance to modernize their operations.

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The Principal of the Vietnam National University of Agriculture added that if policies are nit implemented properly, they will have to continue importing machinery from China and other countries.

The Deputy Minister of Agriculture and Rural Development instructed relevant agencies to review and highlight shortcomings in the mechanization sector to enable the government to be able to double the level of agricultural mechanization from the current 1.6 Hp/ha to 3.2 HP/ha.

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