30st october,2013 daily rice e newsletter (oryza news) by riceplus magazine

October 30 , 2013

TOP Contents - Tailored for YOU Latest News Headlines…

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 Oryza Quick Glance at World News  Oryza Rice Currency Analysis for Today – U.S. Dollar Index Up 0.5%  Brazil Paddy Rice Index Increases Slightly in Last Week  Golden Rice Opponents Are Liars, IRRI Chief Says  Thailand Rice Mortgage Program Could Continue Indefinitely, Says Commerce Minister  Asia Rice Quotes Unchanged Today  Oryza Overnight Recap – Chicago Rough Rice Futures Slightly Lower Overnight as Follow-through Selling Weights on Grain Complex Cambodia Floods Damage 14% of Rice Crop Oryza Afternoon Recap – Chicago Rough Rice Futures Rally as Delayed Rice Stocks Report Confirms Dwindling Supplies Dry, Ugly, Feeling Pain? Rice Remedies!

Oryza Global Rice Quotes

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NEWS DETAILS: Oryza Quick Glance at World News Oct 29, 2013

Financial Times *China’s central bank has allayed fears of a cash crush by injecting money in the financial system for the first time in two weeks, but it has also steered interest rates to a higher level in a signal of mild monetary tightening.

The People’s Bank of China added Rmb13 billion ($2.1 billion) to the economy via open-market operations on Tuesday, having refrained from any liquidity injections since mid-October. *Iran plans to persuade international companies to invest in its oilfields by offering them more lucrative contracts as part of efforts to repair its battered economy and improve the Islamic Republic’s relations with the western world. *George Osborne, the Britain chancellor, will on Tuesday announce plans for Britain to issue the first Islamic bond outside the Muslim world, as he seeks to turn the City of London into the “unrivalled western centre for Islamic finance.” *Thailand plans to tap the capital markets for as much as $15 billion in its biggest international round of debt sales for a decade. The issuance will mark an important test of investor appetite for emerging Asian economies, which are seen by many as vulnerable to a gradual tapering of the U.S. Federal Reserve’s emergency assetbuying programme. *India’s central bank has raised its key interest rates by 25 basis points to 7.75% in a bid to tackle a rising inflation, a move that Raghuram Rajan, the governor, said was critical for supporting faster growth. However, the bank also cut the short-term overnight lending rate by 25 basis points to 8.75%, as part of the unwinding of extraordinary measures taken to curb speculation on the rupee back in August. *Google is starting to expand production of its experimental wearable technology, Glass, releasing tens of thousands more units in coming months. *SK Hynix, the world’s second-largest memory chipmaker by sales, has reported record operating profit for the second consecutive quarter, as higher chip prices offset reduced output at its Chinese plant. *Carmaker Mahindra & Mahindra plans to build a development centre in the U.K. as India’s biggest SUV brand continues its aggressive international expansion.

Wall Street Journal*The federal government is set to slap Infosys Ltd. with the largest immigration fine ever of about $35 million, claiming the Indian outsourcing giant illegally placed workers on visitor, rather than work, visas at big corporate clients across the U.S. *The chairman of the U.S. Senate Intelligence Committee, Dianne Feinstein, promised a total review of all U.S. spying programs for the first time in decades, and said she expected that the White House would end all spying on leaders of allied countries. *North Korea is expanding its main missile launch site, possibly in preparation for larger rockets and mobile launchers, according to U.S.-based analysts’ reading of the newest satellite images.

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*Thailand's public prosecutors charged former Prime Minister Abhisit Vejjajiva and his deputy with murder in connection with a crackdown on antigovernment protesters in 2010, a step that could help the ruling Puea Thai party force a controversial amnesty bill through Parliament. *Former officials and trade experts expressed concern that rising European distrust of Washington over U.S. spying could derail negotiations over a trade agreement with the EU. *UBS AG said it has received inquiries from authorities probing the possible manipulation of foreign-exchange markets and is conducting a related internal probe, adding that it has already taken action against certain employees. *Russia's central bank in September sold gold for the first time in a year, according to the latest data from the IMF. Since the start of 2010, Russia has accounted for 30% of all gold purchases made by central banks that report to the IMF. *Australia's central bank attempted to talk down the nation's currency, showing that it regards a rebounding Aussie dollar as among the biggest threats to an economic recovery as a mining slowdown deepens.

New York Times*A bungled attempt by the Afghan government to cultivate a shadowy alliance with Islamist militants escalated into the latest flash point in the troubled relationship between Afghanistan and the U.S., according to new accounts by officials from both countries. *Israel will participate in a review of its human rights record at the United Nations Human Rights Council in Geneva on Tuesday, a decision announced after Prime Minister Benjamin Netanyahu ended the country’s 18month boycott of the council. *Morgan Stanley plans to seek the U.S. Federal Reserve approval to widen the $500 million share buyback program cleared earlier this year, a global media reported, citing people familiar with the matter. *China's money rates stabilized after the central bank resumed open market operations on Tuesday morning for the first time since October 15, easing worries that the authorities were preparing to dramatically tighten monetary policy. *Standard Chartered has cut about 2,000 jobs across the bank in the past year and expects little change in the rest of 2013, marking the first time for many years it has cut staff as it tightens costs in the face of slowing growth. *Investigators believe that Indian Mujahedeen, an outlawed Islamic group, was behind a series of explosions on Sunday that killed at least six people and disrupted a huge political rally in Patna, India, a senior official said Monday.

Tags: World news

Oryza Rice Currency Analysis for Today – U.S. Dollar Index Up 0.5% Oct 29, 2013

U.S. dollar index was up +0.45% from the open today, when it traded at 79.600 at the close.

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Euro was -0.31% lower today by the close, trading around 1.3743 by end of day, after trading between an intraday high of 1.3813 and low of 1.3737. The dollar gained today as traders repositioned their bets ahead of the Fed decision.

Thai baht was weaker -0.03%, trading at 31.060 at the close of business.

Indian rupee was stronger +0.33% trading at 61.3213.

Brazilian real was -0.15% weaker than the open at today’s close, when it ended at 2.1823 reais per dollar.

Pakistan rupee was +0.07% stronger at the close, trading at 106.5525.

Vietnamese dong was unchanged at 21100.

Mexican peso was -0.34% weaker today, when it traded at 12.9207 pesos per dollar by the close of business today.

Chinese yuan was weaker -0.08% at 6.0906.

Argentine peso was -0.06% weaker at 5.8938 pesos per dollar.

Tags: foreign exchange rates

Brazil Paddy Rice Index Increases Slightly in Last Week Brazilian paddy rice index maintained by CEPEA increased slightly last week to around 33.66 real per 50 kilograms as of October 28, 2013, up from around 33.60 real per 50 kilograms recorded a week earlier on October 21, 2013.However, in terms of USD per ton, the index stood at around $308 per ton on October 28, 2013, down slightly from around compared to around $309 per ton seen on October 21, 2013 due to the weakening of the local currency against the USD last week.

Tags: Brazilian paddy rice price index

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Golden Rice Opponents Are Liars, IRRI Chief Says Oct 29, 2013

The Director General of the International Rice Research Institute (IRRI), Dr. Robert S. Zeigler, says that the arguments against Golden Rice (a type of genetically modified rice) are based on “abject lies, distortions, and groundless fear.”Dr. Zeigler says that Golden Rice opponents are trying to project Golden Rice as harmful to an unsuspecting and increasingly susceptible population. He also says, "I know how successful and safe they [GMO products] have been wherever they have been released. And, I know that there are great products that are sitting on the shelf because of timid companies succumbing to extortionist tactics of opponents."Earlier this year, Dr. Zeigler said Golden Rice research is ethical, based on stringent government procedures, and can address the problem of mal-nutrition and vitamin-A deficiency in poor countries around the world. Several other scientists, including those in China and India, support Golden Rice research.Golden Rice research in IRRI is nearing completion and some reports earlier this year said that IRRI’s Golden Rice research may be completed next year, ahead of the two-three years time targeted by scientists. The debate over GM rice has heated up recently following a statement by the U.K. Secretary of State for Environment, Food and Rural Affairs, Owen Patterson, in which he referred to opponents of Golden Rice as “wicked.”

Thailand Rice Mortgage Program Could Continue Indefinitely, Says Commerce Minister

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Oct 29, 2013

Thailand’s Commerce Minister says that the government rice mortgage program could continue indefinitely as it improves the living of the rice farmers in the country.Speaking to local sources, he said that the loss under the program was a “small price” to help improve living standards of around 4.5 million farmer households in Thailand. “Rather than waiting until this group of people suffer to the level that would cause them to come out on to the street, it’s the government’s job to take care of them,” he said.According to the Commerce Minister, total losses under the program stands at around 120 billion baht (about $4 billion) per year and the government has the means to support the program indefinitely or until rice farmers find suitable alternatives in sugar or other crops.

Earlier this month, opposition party members estimated losses under the program at around 200 billion baht (about $6.6 billion) per year.The government started the rice mortgage program in October 2011 under which it purchases paddy rice from farmers at about 40% above market rates. However, global rice prices have declined in the last two years partly due to resumption of rice exports by India in September 2011 and higher production in major rice importing countries. The FAO rice price index stood at around 251 points in 2011, but has declined around 5% to 240 points in 2012, and to 239 points in 2013 (January – September).

Tags: Thailand rice mortgage scheme

Asia Rice Quotes Unchanged Today Oct 29, 2013

Asia rice sellers kept their quotes mostly unchanged today.

5% Broken Rice Thai 5% rice is quoted around $405 - $415 per ton, about a $15 per ton premium over Viet 5% rice (of summerautumn crop 2013) shown around $390 - $400 per ton.

Indian 5% rice is quoted around $415 - $425 per ton, about a $45 per ton premium over Pak 5% rice (of new crop) quoted around $370 - $380 per ton.

25% Broken Rice Thai 25% rice is quoted about $390 - $400 per ton, about a $30 per ton premium over Viet 25% rice (of summer-autumn crop 2013) shown around $360 - $370 per ton.

Indian 25% rice is quoted about $370 - $380 per ton, about a $35 per ton premium over Pak 25% rice (of new crop) quoted around $335 - $345 per ton.

Parboiled Rice Thai parboiled rice is quoted around $435 - $445 per ton.

Indian parboiled rice is quoted around $390 - $400 per ton, about a $30 per ton discount to Pak parboiled rice (of new crop) quoted around $420 - $430 per ton.

100% Broken Rice Thai broken rice, A1 Super, is quoted around $370 - $380 per ton, about a $25 per ton premium over Viet broken rice (of summer-autumn crop 2013) shown around $345 - $355 per ton.

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Indian broken sortexed rice is quoted about $310 - $320 per ton, about a $15 per ton discount to Pak broken sortexed rice (of new crop) quoted around $325 - $335 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 Slightly Lower Overnight as Follow-through Selling Weights on Grain Complex Oct 29, 2013

Chicago rough rice futures for January delivery are currently paused 0.5 cents per cwt (about $0.11 per ton) lower at $15.255 per cwt (about $336 per ton) as of 8:30am Chicago time. The other grains are seen lower this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.1% lower, wheat is seen about 0.2% lower, and corn is paused about 0.3% lower.U.S. stock index futures held their gains Tuesday following a pair of economic reports and ahead of the two-day Federal Reserve policy meeting. On the economic front, retail sales slipped 0.1% in September, according to the Commerce Department. Economists polled by Reuters expected sales to rise by 0.1%.

Meanwhile, producer price index unexpectedly dipped 0.1% in September, according to the Labor Department, logging the first decline since April. Analysts polled by Reuters expected a gain of 0.6%. Both economic reports had been delayed due to the government shutdown earlier this month. Investors will also looking ahead to the August reading on home prices with S&P/Case Shiller data at 9 am ET. In addition, the Fed is expected to meet for its two-day FOMC meeting with the announcement expected Wednesday afternoon. Central bank members are expected to maintain the monthly $85 billion bond purchasing program until April 2014, according to the latest CNBC survey. U.S. stock index futures are currently trading about 0.2% higher, gold is currently trading about 0.4% lower, crude oil is seen trading about 0.5% lower, and the U.S. dollar is currently trading about 0.3% higher at 8:30am Chicago time.

Tags: chicago rough rice futures

Cambodia Floods Damage 14% of Rice Crop Oct 29, 2013

Flash floods in the Mekong River earlier this month have destroyed around 14% or about 369,346 hectares of rice crop in Cambodia, with severe damage seen in around 4.4% or about 113,260 hectares, according to local sources. Officials in the agriculture department estimate rice area this year at around 2.56 million hectares.

Farmers say that the floods are similar to devastating floods seen in 2011. They are also worried that farmer debts may increase significantly as it did two years ago. Some affected rice farmers are trying to sell their vehicles and household items to pay their debts, according to local sources.

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Prior to the floods, the USDA estimated Cambodia’s total milled rice production to reach around 4.9 million tons in 2013-14 from around 3 million hectares, against a consumption demand of around 3.8 million tons.

Cambodia’s rice exports in 2013-14 are forecast at around 1 million tons by the USDA. Planting of the country’s main wet season rice crop usually ends in September-October. Several countries, including Thailand and Japan have provided aid to Cambodia to help overcome losses.

Tags: cambodia rice

Oryza Afternoon Recap – Chicago Rough Rice Futures Rally as Delayed Rice Stocks Report Confirms Dwindling Supplies Oct 29, 2013

Chicago rough rice futures for January delivery settled 21.5 cents per cwt (about $5 per ton) higher at $15.475 per cwt (about $341 per ton). Rough rice futures mounted a sharp recovery today, more than erasing losses sustained in the previous trading session and returning prices to technically bullish territory. Rice futures found support from the delayed release of the USDA rice stocks report today which confirmed tightening supplies as demand remains strong and production appears to be lower than had previously been forecast. The other grains also turned higher mid-day in response to the release of backlogged government data and finished mostly higher today; soybeans finished the day about 06% higher at $12.7900 per bushel; wheat finished slightly higher at $6.8125 per bushel; and corn finished the day about 0.3% higher at $4.3200 per bushel.

U.S. stocks powered higher Tuesday, propelling the S&P 500 to a fresh high, as investors digested a batch of economic and earnings reports and ahead of the Federal Reserve's two-day meeting. The Dow Jones Industrial Average jumped nearly 100 points. The blue-chip index is within 50 points of hitting its record set in September. The S&P 500 and the Nasdaq also advanced. The Nasdaq was hit with another market glitch earlier as the index stopped updating at 11:53 am ET and remained frozen for nearly an hour. The indexes resumed normal quotation just after 12:37 pm ET. Among key S&P sectors, telecoms led the gainers, while utilities slipped. U.S. stock markets are currently trading up about 0.6%, gold is trading about 0.5% lower, crude oil is seen trading about 0.6% lower, and the U.S. dollar is seen trading about 0.5% higher at about 2:00pm Chicago time.

Looking to the daily continuation chart of Chicago rough rice futures for January delivery, after dipping to a near-term low of $15.250 per cwt (about $336 per ton) yesterday, the market has made a firm recovery and crossed back into technically supportive territory. Today’s action saw prices shoot through nearby resistance provided by the 20-day moving average, at $15.356 per cwt (about $339 per ton), before continuing on to break through and close just above secondary resistance from the 10-day. Despite the wide swings in price, a backand-forth pattern has emerged over the last six trading sessions, leaving prices very near $15.500 per cwt (about $342 per ton) which has become the upper boundary of the recent sideways range. A breakout above this level tomorrow would be seen as a positive development and likely trigger additional technical buying. Today’s

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trading range is noted as $15.335-$15.600 per cwt (about $338-$344 per ton).Monday, there were 962 contracts traded, down from 983 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday decreased by 155 contracts to 8,933.

Tags: chicago rough rice futures, Rice Prices, Rice market, U.S. rice market, U.S. rice

Dry, Ugly, Feeling Pain? Rice Remedies!

Oct 29, 2013

India is posed to begin sales of two new products the Indian Council of Agricultural Research has developed in conjunction with the Directorate of Rice Research - a pain relieving gel and skin moisturizing lotion. Why is the Agricultural Council involved in health and beauty developments? Because those products are made with rice!

The institute is looking for production and retail partners to apply the technology it’s been developing. Early trials and marketing have shown “encouraging results,” according to Project Director B.C. Viraktamath. The institute hopes to find interested healthcare companies who will take production to a commercial level.The newly-developed products are made with rice bran oil and aqueous brown rice extract. In the lotion, the starchiness of the brown rice creates a gel-like substance that transfers time-released moisture to the skin rather than drenching the skin completely at initial application. In the pain-reliever, the rice bran oil facilitates the absorption of camphor, menthol, and eucalyptus oil (the active ingredients), resulting in faster relief.Rice ingredients in beauty products are nothing new: Japanese women have been using them for years.

One popular Asian remedy prompts women to wash their skin and hair with the water left after boiling rice, claiming the nutrients in the water makes the skin and hair more beautiful. You can also make your own face mask with rice by taking a few tablespoons of rice and soaking it overnight. After straining it, crush the rice into a powder. Once it’s dry you can mix it will a little honey and apply to your face, leaving until dry (about 15-20 minutes) before rinsing. You can use the same mixture as a body scrub; try adding some scented oils or herbs for variety.The Directorate of Rice Research is researching other uses for rice in health and skin care products.

Tags: rice beauty products, pain relief, rice lotion, dry skin, rice remedites

Oryza Global Rice Quotes October 29th, 2013

Long grain white rice - high quality Thailand 100% B grade 415-425 Vietnam 5% broken 390-400 ↔

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India 5% broken 415-425 ↔ Pakistan 5% broken 370-380 ↔ Cambodia 5% broken 445-455 ↔ U.S. 4% broken 595-605 ↔ Uruguay 5% broken 615-625 ↔ Argentina 5% broken 615-625 ↔ Long grain white rice - low quality Thailand 25% broken 390-400 ↔ Vietnam 25% broken 360-370 ↔ Pakistan 25% broken 335-345 ↔ Cambodia 25% broken 415-425 India 25% broken 370-380 ↔ U.S. 15% broken 575-585 ↔

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Long grain parboiled rice Thailand parboiled 100% stxd 435-445 Pakistan parboiled 5% broken stxd 420-430 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% 1075-1085 ↔ Vietnam Jasmine 565-575 ↔ India basmati 2% broken 1515 -1525 ↔ Pakistan basmati 2% broken NQ ↔ Cambodia Pkha Malis 920-930 ↑ Brokens Thailand A1 Super 370-380 ↔ Vietnam 100% broken 345-355 ↔ 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

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