26th November , 2013
TOP Contents - Tailored for YOU Latest News Headlines… Cyclone ‘Helen’ Flattens Rice Crop in Over 460,000 Hectares in India; Cyclone ‘Lehar’ Approaches Thai Rice Exporters Association Increases 2013 Export Forecast to 7 Million Tons Oryza Overnight Recap – Chicago Rough Rice Futures Begin Week a Touch Higher Thailand, Pakistan Rice Sellers Lower Some of Their Quotes; Vietnam Rice Sellers Increase Some of Their Quotes South Korea Tenders to Buy 33,300 Tons of Rice Oryza Afternoon Recap – Chicago Rough Rice Futures Begin Shortened Holiday Week on Positive Note; Grains Firm, Despite
Stronger U.S. Dollar Oryza Rice Currency Analysis for Today – Currencies Mostly Lower Against the U.S. Dollar; India Rupee Bucks the Trend to Trade Higher Oryza U.S. Rough Rice Recap – Bids, Offers Hold Steady amid Rumors of Transactions at Lower Prices New Rice Dishes for an Old Favorite Oryza Global Rice Quotes Cambodian Jasmine Rice, California Calrose Rice Are Co-Winners of 2013 World’s Tastiest Rice Award
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NEWS DETAILS: Cyclone ‘Helen’ Flattens Rice Crop in Over 460,000 Hectares in India; Cyclone ‘Lehar’ Approaches Cyclone “Helen” has damaged ready-to-harvest rice crop in an estimated 460,000 hectares in India’s southern state of Andhra Pradesh, dashing India’s hopes of producing over 100 million tons of rice in 2013-14 and triggering speculations of high rice prices in the coming months.Andhra Pradesh is a key rice producing state in India and accounts for around 10% of India’s total annual rice production. Some crop damage was seen due to cyclone “Phailin” last month, but the loss due to cyclone "Helen" which struck the most fertile region of the state on November 22-23, 2013. Experts cut India’s 2013-14 rice production forecast by around 4% from 104 million tons to 100 million tons due to cyclone “Phailin” damages. However, losses are likely to higher due cyclone “Helen” because the crop was ready to harvest. Local sources said, “Rice fields were completely flattened by strong winds making it impossible for any recovery. Most farmers in the region are shocked.” They add that crop losses are likely to surge as farmers in the region brace-up for a very severe cyclonic storm “Lehar” which is likely to hit Andhra Pradesh on November 28, 2013, according to the Indian Meteorological Department (IMD). Cyclone “Lehar” is also likely to affect ready-to-harvest rice crop in the state of Odisha, another key rice producing state which bore the brunt of cyclone Phailin last month.Rice prices were expected to drop in the coming months due to the harvest of the main crop, but local traders in Andhra Pradesh say there would be no respite from high prices due to reduced supplies.
Tags: India rice production, Andhra Pradesh, Odisha, Cyclone Phailin, Cyclone Helen, Cyclone Lejar
Thai Rice Exporters Association Increases 2013 Export Forecast to 7 Million Tons Nov 25, 2013
The Thai Rice Exporters Association (TREA) says that Thailand’s 2013 rice exports are expected to improve to around 7 million tons, unchanged from previous year’s levels but up around 8% from TREA’s previous forecast
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of 6.5 million tons.Thailand’s rice exports have remained slow in the first three quarters of 2013 partly due to high prices. According to TREA, Thailand has shipped only about 4.64 million tons of rice in January – September 2013. However, rice exports are expected to rebound during November – February when Thai rice prices dip to their lowest due to new arrivals from the main crop harvest.Supplies are increasing as the government is keen to sell rice from its stockpile to generate funds for its rice mortgage program, while prices drop due to delays in payments under the program and limits on government purchase of paddy rice per household. According to the TREA president, the price gap between Thai, Indian, and Viet rice has narrowed significantly in the last few weeks. Lower prices should propel exports in the coming months, the TREA president says. Tags: Thailand rice exports, Thai Rice Exporters Association
Oryza Overnight Recap – Chicago Rough Rice Futures Begin Week a Touch Higher Nov 25, 2013
Chicago rough rice futures for January delivery are currently paused 1.5 cents per cwt (about $0.33 per ton) higher at $15.730 per cwt (about $347 per ton) as of 8:00am Chicago time. The other grains are seen mixed this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.4% lower, wheat is seen about 0.7% higher, and corn is paused about 0.1% higher.U.S. stock index futures pointed to a higher open on Wall Street on Monday and extend last week's record while crude prices declined after a preliminary accord was brokered between Iran and world powers on that country's nuclear program. The interim agreement between Iran and the U.S. and five other nations would have Iran curtailing its nuclear activities in return for reduced international sanctions on car parts and commodities including oil and gold. The deal prompted shares of airlines to jump, along with those of auto-parts makers. Israel and prominent Republicans have criticized the deal, but President Barack Obama said it was an important step towards a more comprehensive agreement, and that full sanctions could be reinstated in six months if Iran fails to meet its commitments. Oil prices fell sharply on Monday as analysts said the deal could remove the "Middle East premium" from prices over the longer term. A strong finish on Wall Street last week also underpinned gains in Europe and Asia. The S&P 500 recorded its first close above 1,800 and the Dow posted its longest weekly winning streak in nearly three years. U.S. stock index futures are currently trading about 0.3% higher, gold is currently trading about 1.1% lower, crude oil is seen trading about 1.4% lower, and the U.S. dollar is currently trading about 0.3% higher at 8:00am Chicago time. Tags: chicago rough rice futures
Thailand, Pakistan Rice Sellers Lower Some of Their Quotes; Vietnam Rice Sellers Increase Some of Their Quotes Nov 25, 2013
Thailand rice sellers lowered most of their quotes by around $5 - $10 per ton today. Vietnam rice sellers increased most of their quotes by around $5 per ton. Pakistan rice sellers lowered their quotes for parboiled rice by around $5 per ton and for broken rice by around $10 per ton. India rice quotes remained mostly unchanged.
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5% Broken Rice Thai 5% rice is quoted around $390 - $400 per ton, down about $10 per ton from Friday and about $20 per ton discount to Viet 5% rice shown around $410 - $420 per ton, up about $5 per ton from Friday. 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 $370 - $380 per ton, down about $10 per ton from Friday, and about a $10 per ton premium over Viet 25% rice shown around $380 - $390 per ton, up about $5 per ton from Friday. 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 $470 - $480 per ton. Indian parboiled rice is quoted around $380 - $390 per ton, about a $25 per ton discount to Pak parboiled rice quoted around $405 - $415 per ton, down about $5 per ton from Friday. 100% Broken Rice Thai broken rice, A1 Super, is quoted around $340 - $350 per ton, down about $5 per ton from Friday and about a $15 per ton discount to Viet broken rice shown around $355 - $365 per ton. Indian broken sortexed rice is quoted about $310 - $320 per ton, about a $15 per ton discount to Pak broken sortexed rice quoted around $325 - $335 per ton, down about $10 per ton from Friday. Tags: Asia rice quotes, Thailand rice quotes, India rice quotes, Pakistan rice quotes, Vietnam rice quotes
South Korea Tenders to Buy 33,300 Tons of Rice Nov 25, 2013
South Korea is seeking to purchase around 33,300 tons of non-glutinous long-grain brown (indica type) rice in separate tenders, according to the state-run Korea Agro-Fisheries & Food Trade Corp. There is no restriction on origin.The last date for submission of application forms is December 9, 2013 and electronic bidding will be held the next day. Shipment delivery is expected to be done by March 31, 2014. Tags: South Korea rice tender
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Oryza Afternoon Recap – Chicago Rough Rice Futures Begin Shortened Holiday Week on Positive Note; Grains Firm, Despite Stronger U.S. Dollar Nov 25, 2013
Chicago rough rice futures for January delivery settled 9 cents per cwt (about $2 per ton) higher at $15.805 per cwt (about $348 per ton). Rough rice futures finished higher on the first day of the shortened holiday week. Overall the market remains trapped within a $15.600-$15.900 per cwt (about $344-$351 per ton) trading range, with little in the way of an indication that this range will soon be violated. Fundamentally this is usually a quiet time for the market as physical traders take time off to enjoy the holiday. A firmer grain complex provided a supportive backdrop today; soybeans finished the day about 0.7% higher at $13.2925 per bushel; wheat finished about 0.5% higher at $6.5250 per bushel; and corn finished the day about 0.6% higher at $4.2475 per bushel.U.S. stocks traveled modestly higher on Monday, lifting the S&P 500 and Dow to records and with the Nasdaq Composite above 4,000 for the first time in 13 years, as Wall Street considered an unexpected drop in pending home sales in October and an agreement by Iran to limit its nuclear program. The Dow Jones Industrial Average advanced. After climbing to an intraday record of 1,808.11, the S&P 500 wobbled on either side of neutral, with health care and financials the best performing and energy and materials faring the worst among its 10 major sectors. The Nasdaq also shifted between gains and losses, after climbing above 4,000 for the first time since September 2000. U.S. stock markets are currently trading up about 0.2%, gold is trading nearly about 0.1% lower, crude oil is seen trading about 0.9% lower, and the U.S. dollar is seen trading about 0.3% higher at about 2:00pm Chicago time.Looking to the daily continuation chart of Chicago rough rice futures for January delivery, the market got off to a positive start for the week but remains within the current sideways trading range. Underlying support continues to be noted at $15.670 per cwt (about $345 per ton) a point at which the 100-day and 200-day moving averages have converged, and will likely come into play during an attempt by the bears to pull prices lower. To the upside, nearby technical resistance is noted at $15.895 per cwt (about $350 per ton) provided by the recent market high. Beyond this the upper Bollinger band, which is currently noted near $16.050 per cwt (about $354 per ton), acts as the current price objective. Today’s trading range is noted as $15.705-$15.850 per cwt (about $346-$349 per ton).Friday, there were 622 contracts traded, up from 350 contracts traded on Thursday. Open interest – the number of contracts outstanding – on Friday increased by 40 contracts to 8,278. Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market
Oryza Rice Currency Analysis for Today – Currencies Mostly Lower Against the U.S. Dollar; India Rupee Bucks the Trend to Trade Higher Nov 25, 2013
U.S. dollar index was up +0.28% from the open today, when it traded at 80.931 at the close. Euro was -0.32% lower today by the close, trading around 1.3515 by end of day, after trading between an
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intraday high of 1.3560 and low of 1.3490. The Euro pulled back a bit today on inflation and unemployment concerns out of Europe. Thai baht was weaker -0.72%, trading at 32.040 at the close of business. Indian rupee was +0.59% stronger, trading at 62.4950. Brazilian real was -0.43% weaker than the open at today’s close, when it ended at 2.2893 reais per dollar. Pakistan rupee was -0.41% weaker trading at 108.1000. Vietnamese dong was unchanged at 21100. Mexican peso was -0.53% weaker today, when it traded at 13.0374 pesos per dollar by the close of business today. Chinese yuan was +0.01% stronger at 6.0932. Argentine peso was -0.40% weaker at 6.0827 pesos per dollar. Tags: foreign exchange rates
Oryza U.S. Rough Rice Recap – Bids, Offers Hold Steady amid Rumors of Transactions at Lower Prices Nov 25, 2013
As of today, offers could be found around $15.65-$16.66 per fob farm (about $345-$367 per ton), depending on locations in the U.S. mid-South, for November through December shipment. Bids from some mills were firm near $15.90 per cwt (about $351 per ton ) or higher, while bids from exporters could still be found around $15.56 per cwt (about $343 per ton), both for November through December delivery. However there were reports of rice trading as low as $15.80 per cwt (about $348 per ton) for delivery before the end of the year. Tags: U.S. rice prices, U.S. rice market
New Rice Dishes for an Old Favorite Nov 25, 2013
Thanksgiving is one of the oldest and most enjoyed U.S. holidays. As Americans gear up for Thanksgiving festivities this week, we thought it would be fun to bring you some rice recipes that can hold their own next to the turkey.
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The two dishes below both take rice and add some surprising ingredients to create a whole new dish. The first recipe uses white rice and is baked – a perfect alternative or complement to traditional Thanksgiving stuffing. The second recipe uses the nuttier, chewier brown rice in a cold salad for a refreshing twist. Green Rice Casserole This hot casserole harkens back to older days but is revived with the addition of fresh herbs. If you like your stuffing on the side instead of in the bird, this is a nice alternative. Ingredients: 3 cups cooked white rice 1 cup chopped fresh parsley ¾ cup shredded cheese (cheddar is a good choice) 1/3 cup chopped onion ½ cup chopped green bell pepper 1 clove garlic 2 eggs 1 - 14 ounce can of coconut milk (choose light if you’re watching fat/calories) 1/3 cup vegetable oil 1 ½ teaspoon salt ½ teaspoon black pepper Lemon Paprika (for garnish) Feel free to add other vegetables/herbs if you’d like – zucchini or broccoli might be a nice touch for some more green! Procedure: 1. Preheat your oven to 350 degrees and grease a 9x13 inch backing dish with nonstick cooking spray. 2. Mix the cooked rice, parsley, cheese, onion, bell pepper, and garlic. 3. Separately, mix the eggs, coconut milk, oil, salt, black pepper, juice and zest from the lemon, and other spices as desired. 4. Combine the two bowls together and mix well. 5. Pour into baking dish and garnish with paprika if desired. Bake for 45 minutes, or until the casserole is bubbly and firm. Orange Rice Salad More like a couscous or cold grain salad, this recipe highlights bright fruit and herbs for a refreshing light meal or side dish. Feel free to experiment with the additives to see what your taste buds prefer.
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Ingredients: 2 cups cooked brown rice ½ cup celery, chopped ¾ cup raisins or cranberries (or other dried fruit) ¼ cup nuts (walnuts or pecans work well) 2 tablespoons vegetable oil 1 tablespoon orange juice or vinegar (orange juice will make it sweeter, vinegar will make it tarter) ¼ cup fresh chopped parsley 3 green onions, chopped 1 – 11 ounce can of mandarin oranges with juice Salt and pepper and spices to taste Add other crunchy vegetables for more flavor – bell peppers or carrots give a nice crunch! Procedure: Mix all ingredients together and chill for an hour to allow flavors to mingle.
Sources: http://www.oregonlive.com/foodday/index.ssf/2008/06/recipe_detail.html?id=8452&search=casserole& https://www.foodhero.org/recipes/orange-rice-salad Tags: rice dish, Rice, vegan, American, side dish, grains, vegetables, beans, thanksgiving
Oryza Global Rice Quotes November 25th, 2013 Long grain white rice - high quality Thailand 100% B grade 410-420 Vietnam 5% broken 410-420 ↑ 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 ↔ Long grain white rice - low quality Thailand 25% broken 370-380 ↓ Vietnam 25% broken 380-390 ↑
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Pakistan 25% broken 335-345 ↔ Cambodia 25% broken 425-435 ↔ India 25% broken 370-380 ↔ U.S. 15% broken 565-575 ↔ Long grain parboiled rice Thailand parboiled 100% stxd 470-480 Pakistan parboiled 5% broken stxd 405-415 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 585-595 ↔ India basmati 2% broken 1515 -1525 ↔ Pakistan basmati 2% broken NQ ↔ Cambodia Pkha Malis 915-925 ↔ Brokens Thailand A1 Super 340-350 ↓ Vietnam 100% broken 355-365 ↔ Pakistan 100% broken stxd 325-335 ↓ 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 ↔ All prices USD per ton, FOB vessel, oryza.com
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Cambodian Jasmine Rice, California Calrose Rice Are Co-Winners of 2013 World’s Tastiest Rice Award Nov 23, 2013
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Cambodian Jasmine rice and California Calrose (Japonica) rice were adjudged the co-winners of 2013 world’s best in taste at the Competitive Rice Tasting event at the Rice Traders World Rice Conference held in Hong Kong earlier this week.This is the second consecutive year that Cambodia’s Jasmine rice has found a place at the top, according to Federation of Cambodian Rice Exporters (FCRE). FCRE says there is a change in perception among consumers about rice. Earlier, rice was considered as a commodity and a general food item, but now rice is increasingly getting recognized for its taste.Cambodia is located between two top rice exporters Thailand and Vietnam. Rice exporters in Cambodia say that rice from Cambodia is relatively less known compared to Thai and Viet rice, but Cambodian rice is better in taste than rice from the other two origins.Representatives of the U.S. rice industry say that California Calrose rice was close to winning this award for several years now and the award is the result of one 100 years of variety development by the Industry and the California Rice Experiment Station. Tags: cambodia rice, rice taste, California Calrose (Japonica) rice
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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