27th november,2013 daily rice e newsletter (oryza news)

27th ovember , 2013

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 Vietnam Exports 5.93 Million Tons of Rice in January 1 – November 21, 2013  Vietnam to Supply 500,000 Tons of Rice to Philippines  Burma Rice Farmers Battle Influx of Rats Brazil Paddy Rice Index Increases 2% Last Week  India Rice Sellers Increase Some of Their Q  Quotes; Other Asia Rice Quotes Unchanged  Oryza Overnight Recap – Chicago Rough Rice Futures Seen Lower Overnight Amid Softer Grain Complex  Japan Announces Major Shift in Rice Policy; Gentan System Ends in FY2018-19  Oryza Afternoon Recap – Chicago Rough Rice Futures Slip as Trade Activity Wanes Ahead of U.S. Holiday  Oryza Rice Currency Analysis for Today – U.S. Dollar Dips on Disappointing Data Oryza U.S. Rough Rice Recap – Market Silent Ahead of Thanksgiving Holiday Oryza Global Rice Quotes

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Vietnam Exports 5.93 Million Tons of Rice in January 1 – November 21, 2013 Nov 26, 2013

Vietnam has exported around 5.93 million tons of rice in January 1 – November 21, 2013, down about 16% from around 7.12 million tons of rice exported during January 1 – November 30, 2012, according to the Vietnam Food Association (VFA). Average export price in January 1 – November 21, 2013 stands at around

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$445 per ton (FOB), down about 2% from an average export price of around $456 per ton in the full calendar year 2012.During November 1- 21, 2013, Vietnam exported around 196,687 tons of rice at an average price of around $417 per ton. In comparison, Vietnam had exported around 621,616 tons of rice in the full month of November 2012 at an average price of about $466 per ton (FOB).Domestic paddy prices in the Mekong Delta for common stock stand at around VND 5,350 - 5,450 per kilogram (about $253 - $258 per ton, using current exchange rates), up slightly from last week. Vietnamese 5% broken domestic rice prices stand at around VND 7,450 - 7,750 per kilogram (about $353 - $367 per ton, using current exchange rates), up about 3% from last week, while Vietnamese 25% broken rice prices stand at around VND 7,100 - 7,200 per kilogram (about $336 $341 per ton, using current exchange rates), up about 1% from last week.

Tags: Vietnam rice exports, Vietnam Food Association (VFA)

Vietnam to Supply 500,000 Tons of Rice to Philippines Nov 26, 2013

The Philippines government is likely to award the government tender to Vietnam for the supply of 500,000 tons of rice to help meet domestic demand after rice stocks with the National Food Authority (NFA) dropped in the aftermath of cyclone Haiyan, local sources say.Vietnam is expected to be selected for the import of rice due to low prices, NFA representatives told local sources today. While Cambodia did not participate in the government tender, Thailand government representatives offered to supply 25% broken long grain well-milled rice for $475 per ton (free on warehouse basis). However, Vietnam offered the same quality rice for just $462.25 per ton, and may reduce prices in the ongoing negotiations. Vietnam is expected to ship the rice by December 31, 2013.The NFA estimates that about 200,000 tons of rice is required to feed the typhoon-affected in the next 100 days. The remaining 300,000 tons of rice will be used to maintain buffer stocks with the NFA. Tags: Philippines rice imports, Vietnam rice exports, Thailand rice exports, Haiyan

Burma Rice Farmers Battle Influx of Rats Nov 26, 2013

Rice farmers in Southern Burma are facing a troublesome menace; rats in the area are pillaging the crops and eating large amounts of rice. The rats swarm the paddy at night, and some farmers have seen their entire farms devastated by the creatures. Local authorities are collecting data to have a better understanding of the scope of the problem and how to address it, but it appears that at least four villages have experienced significant and widespread crop losses. Villagers think that the influx of vermin is the result of an unusually large bamboo area. When the bamboo flowers and produces a seed or fruit, the rats have ample food and quickly multiply. They happily eat the bamboo and continue expanding their colony, but once the bamboo is gone they

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look for food elsewhere - in rice paddies.While the scale of the crops lost is not large on a global scale, some local villagers who are now facing food shortages for the coming year.

Tags: rats, Rice, vermin, Burma rice production

Brazil Paddy Rice Index Increases 2% Last Week The Brazilian paddy rice index maintained by CEPEA stood at around 34.53 real per 50 kilograms as of November 25, 2013, up almost 2s% from around 33.92 real per 50 kilograms recorded on November 18, 2013.

In terms of USD per ton, the index increased to around $302 per ton on November 25, 2013, up about 1.6% compared to around $297 per ton seen a week earlier on November 18, 2013.

Read related Oryza story: Brazil October 2013 Rice Stocks Down 24% from Last Year Tags: Brazil paddy rice index cepea

India Rice Sellers Increase Some of Their Quotes; Other Asia Rice Quotes Unchanged Nov 26, 2013

Indian rice sellers increased their quotes for parboiled rice by around $10 per ton to about $390 - $400 per ton today. Other Asia rice quotes were mostly unchanged.

5% Broken Rice Thai 5% rice is quoted around $390 - $400 per ton, about $20 per ton discount to Viet 5% rice shown around $410 - $420 per ton.

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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, about a $10 per ton premium over Viet 25% rice shown around $380 - $390 per ton.

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 $390 - $400 per ton, up about $10 per ton from yesterday and about a $15 per ton discount to Pak parboiled rice quoted around $405 - $415 per ton.

100% Broken Rice Thai broken rice, A1 Super, is quoted around $340 - $350 per ton, 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.

Tags: Asia rice quotes, Thailand rice quotes, India rice quotes, Pakistan rice quotes, Vietnam rice quotes

Oryza Overnight Recap – Chicago Rough Rice Futures Seen Lower Overnight Amid Softer Grain Complex Nov 26, 2013

Chicago rough rice futures for January delivery are currently paused 4 cents per cwt (about $1 per ton) lower at $15.765 per cwt (about $348 per ton) as of 8:00am Chicago time. The other grains are seen lower this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.4% lower, wheat is seen about 0.7% lower, and corn is paused about 1% lower.U.S. stock index futures wobbled as investors digested data that had building permits rising to a five-year high in October and home prices up 13.3 percent in September from a year ago. The Conference Board publishes its consumer confidence survey for November at 10 a.m. Eastern.

Tuesday will likely see reduced trading volume, particularly in the afternoon, ahead of the market closure on Thursday for Thanksgiving. Technology stocks may also be worth an eye, after the Financial Times reported that European officials plan to warn Washington that tech companies risk losing their exemption from privacy rules unless the U.S. changes the way it treats European citizens' online data. In the bond markets, the Treasury is due to sell $35 billion of five-year notes, while the Fed is scheduled to purchase $1.25-$1.75 billion of 23-30year Treasury notes. Shares in Asia and Europe held steady in early trade on Tuesday, after rallying on Monday following the signing of an historic deal between Iran and Western powers to curtail its nuclear armament program. U.S. stock index futures are currently trading slightly lower, gold is currently trading about 0.4% higher, crude oil is seen trading about 0.1% higher, and the U.S. dollar is currently trading about 0.2% lower at 8:00am Chicago time.

Tags: chicago rough rice futures

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Japan Announces Major Shift in Rice Policy; Gentan System Ends in FY2018-19 Nov 26, 2013

The Japanese government announced today that it will end the decades-old rice acreage reduction program (also known as the “gentan” system) by fiscal year 2018-19 (April - March) to improve competitiveness of Japanese rice in the international market as a part of Trans-Pacific Partnership (TPP) negotiations.The Japanese government introduced the “gentan” system in the 1970’s to reduce rice production and help diversification of crops from rice to other crops such as wheat, soybeans or rice for animal feed. The move was expected to keep rice prices high in Japan where rice consumption was decreasing due to changing diets. The government also imposed high import tariffs (currently at 778%) to protect local farmers.Under the “gentan” system, the government pays rice farmers subsidies of around 15,000 yen (about $148) per 1,000 sq. meters of reduction in rice acreage. The government announced today that the subsidy will be cut to half at around 7,500 yen (about $74) per 1,000 sq. meters in fiscal 2014-15 and will be removed completely by fiscal 2018-19. However, subsidies for alternative crops, including rice for animal feed, may increase by around 30% next fiscal year. The government plans to seek the approval of the Parliament about the changes in February – March 2014.Local sources say, rice farmers in Japan are already looking at growing premium rice varieties such as organic rice, heirloom rice and medicinal rice to tap the international market. Some Japanese rice producers are planning to grow rice in countries such as Vietnam where labor and production costs are low.

Read related Oryza stories: Australia Rice Industry Seeks Greater Access to Japan Market in TPP Negotiations Tags: Japan rice, gentan system

Oryza Afternoon Recap – Chicago Rough Rice Futures Slip as Trade Activity Wanes Ahead of U.S. Holiday Nov 26, 2013

Chicago rough rice futures for January delivery settled 6.5 cents per cwt (about $1 per ton) lower at $15.740 per cwt (about $347 per ton). Rough rice futures finished lower today, as prices continue to wonder within a welldefined $15.600-$15.900 per cwt (about $344-$351 per ton) trading range. There looks to be little in the way of fundamental or technical indicators to force the market out of the current sideways trend to either the upside or to the down. The shortened holiday week is likely also to blame for the reduced trade volume noted over the past two trading sessions. The other grains finished mixed today; soybeans finished the day unchanged at $13.2925 per bushel; wheat finished about 0.9% lower at $6.4650 per bushel; and corn finished the day about 1.5% lower at $4.1850 per bushel.U.S. stocks rose Tuesday after better-than-expected reports on housing countered a measure of consumer confidence that came in below expectations, with the market taking a more passive tone two days ahead of the Thanksgiving holiday. A day after climbing to a record close, the Dow Jones Industrial Average extended those gains. Consumer discretionary and technology shares paced sector gains and

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utilities and materials lagged on the S&P 500. A day after clearing 4,000 for the first time in 13 years, the Nasdaq repeated that climb.

U.S. stock markets are currently trading up about 0.2%, gold is trading marginally higher, crude oil is seen trading about 0.1% lower, and the U.S. dollar is seen trading about 0.3% lower at about 2:00pm Chicago time.Turning to the daily continuation chart of Chicago rough rice futures for January delivery, the market continues to converge within a well-defined $15.600-$15.900 per cwt (about $344-$351 per ton) range. Overall the majority of today’s session was spent trading in the red, and the market did chart out a lower high and low, which generally forecasts bearish results for tomorrow’s trade direction. However the current up-trend remains intact and firm underlying technical support is noted around $15.670 per cwt (about $345 per ton) a level at which the 100-day and 200-day moving averages have converged. This level came into play today and likely limited the markets downward potential. Today’s trading range is noted as $15.685-$15.800 per cwt (about $346-$348 per ton).Monday, there were 314 contracts traded, down from 622 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday increased by 1 contract to 8,279.

Tags: chicago rough rice futures, U.S. rice market, U.S. rice prices

Oryza Rice Currency Analysis for Today – U.S. Dollar Dips on Disappointing Data Nov 26, 2013

U.S. dollar index was down -0.37% from the open today, when it traded at 80.615 at the close.

Euro was +0.40% higher today by the close, trading around 1.3573 by end of day, after trading between an intraday high of 1.3575 and low of 1.3516. Consumer confidence in the U.S. came out lower than expected, hurting the dollar.

Thai baht was weaker -0.06%, trading at 32.070 at the close of business.

Indian rupee was -0.03% weaker, trading at 62.5150.

Brazilian real was -0.24% weaker than the open at today’s close, when it ended at 2.2947 reais per dollar.

Pakistan rupee was -0.21% weaker trading at 108.3275.

Vietnamese dong was unchanged at 21100.

Mexican peso was +0.04% stronger today, when it traded at 13.0417 pesos per dollar by the close of business today.

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Chinese yuan was +0.02% stronger at 6.0919.

Argentine peso was -0.19% weaker at 6.0914 pesos per dollar.

Tags: foreign exchange rates

Oryza U.S. Rough Rice Recap – Market Silent Ahead of Thanksgiving Holiday Nov 26, 2013

The U.S. cash market was silent today as many in the industry are now in holiday mode and show very little interest in trading rice. Analysts contend that bids will have to be very attractive to entice any substantial selling interest this week.As of today, offers held steady near $15.65-$16.66 per fob farm (about $345-$367 per ton), depending on where they are located in the U.S. mid-South, for December through January shipment. Bids from some mills were said to be seen around $16.00 per cwt (about $353 per ton ) or higher while bids from exporters were unchanged around $15.56 per cwt (about $343 per ton), both for December delivery, although 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 and as high as $16.15 per cwt (about $356 per ton) for January through March delivery.

Tags: U.S. rice market, U.S. rice prices

Oryza Global Rice Quotes November 26th, 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 ↔ Pakistan 25% broken 335-345 ↔ Cambodia 25% broken 425-435

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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 390-400 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 ↔

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

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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