6th november 2013 daily rice e newsletter(oryza rice ) by riceplus magazine

6th November , 2013

TOP Contents - Tailored for YOU Latest News Headlines…

 Vietnam Lowers 2013 Rice Export Target Again  Vietnam Rice Sellers Lower Most of Their Quotes; Other Asia Rice Quotes Unchanged  Oryza Overnight Recap – Chicago Rough Rice Futures Slightly Higher, Supported by Firmer Grains  Iran Imports 1.27 Million Tons of Rice in March – October 2013; Up 78% from Last Year  Philippines MY2013-14 Rice Imports Estimated at 1.1 million Tons  Turkey Rice Farmers Seek Government Intervention to Announce Support Prices  Oryza Afternoon Recap – Chicago Rough Rice Futures Shoot Higher as Market Looks to Return to $15.250-$15.550 Trading Range  Oryza Rice Currency Analysis for Today – Brazil Real Plunges Nearly 2%Oryza U.S. Rough Rice Recap – Market Very Quiet, Despite Increase in Mill Bids  Color Your Life! Rainbow Rice  USDA Post Estimates India MY 2012-13 Rice Exports at Record 11 Million Tons

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News Detail…

Vietnam Lowers 2013 Rice Export Target Again Nov 05, 2013

The Vietnam Food Association (VFA) has once again lowered the 2013 rice export target to around 6.7 million tons, down about 11% from the original target of around 7.5 million tons, and down about 4% from the revised target of around 7 – 7.2 million tons, according to local sources.

Sources say that several export contracts to China stand cancelled as Vietnamese exporters are now interested to sell rice in the domestic market due to higher prices there. Vietnam is also facing increasing competition from Thailand which is aggressively lowering prices to boost rice exports.According to the VFA, Vietnam’s rice exports in January – October 2013 stand at around 5.7 million tons, down about 12% from rice exports during the same period in 2012. Vietnam was the world’s second largest rice exporter, with about 7.7 million tons of rice exports.

Tags: Vietnam 2013 rice exports

Vietnam Rice Sellers Lower Most of Their Quotes; Other Asia Rice Quotes Unchanged Nov 05, 2013

Vietnam rice sellers lowered most of their quotes by around $5 - $10 per ton today. Other Asia rice quotes are mostly unchanged.

5% Broken Rice Thai 5% rice is quoted around $405 - $415 per ton, about a $15 per ton premium over Viet 5% rice shown around $390 - $400 per ton, down about $5 per ton from yesterday.

Indian 5% rice is quoted around $410 - $420 per ton, about a $40 per ton premium over Pak 5% rice 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 shown around $360 - $370 per ton, down about $5 per ton from yesterday.

Indian 25% rice is quoted about $365 - $375 per ton, about a $30 per ton premium over Pak 25% rice quoted around $335 - $345 per ton.

Parboiled Rice Thai parboiled rice is quoted around $440 - $450 per ton.

Indian parboiled rice is quoted around $385 - $395 per ton, about a $35 per ton discount to Pak parboiled rice quoted around $420 - $430 per ton.

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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 shown around $340 - $350 per ton, down about $10 per ton from yesterday.

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, Vietnam rice quotes, Pakistan rice quotes, India rice quotes

Oryza Overnight Recap – Chicago Rough Rice Futures Slightly Higher, Supported

by Firmer Grains Nov 05, 2013

Chicago rough rice futures for January delivery are currently paused 2.5 cents per cwt (about $1 per ton) higher at $15.165 per cwt (about $334 per ton) as of 8:30am Chicago time. The other grains are seen mostly higher this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.2% higher, wheat is seen about 0.3% higher, and corn is paused about 0.1% lower.U.S. stock index futures pointed to a lower open on Wall Street for Tuesday, as uncertainty over the next moves by international central banks weighed on investor sentiment. European and Asian equity markets were mixed as investors looked ahead to a busy week of central bank meetings and economic data.

The data could indicate whether the U.S. economy is improving and investors are looking for further clues from the country's employment report as to when the U.S. Federal Reserve will begin tapering its $85-billion-amonth asset purchases, after the central bank held policy unchanged last week. The Fed's monetary committee noted last week that it had "decided to await more evidence that progress will be sustained before adjusting the pace of its purchases," a factor that could be determined by the latest jobs report. U.S. stock index futures are currently trading about 0.5% lower, gold is currently trading about 0.01% higher, crude oil is seen trading about 0.7% lower, and the U.S. dollar is currently trading about 0.2% higher at 7:30am Chicago time.

Tags: chicago rough rice futures

Iran Imports 1.27 Million Tons of Rice in March – October 2013; Up 78% from Last Year Nov 05, 2013

Iran has imported around 1.27 million tons of rice in the first seven months of the solar year (March 21, 2013 – March 20, 2014), up about 78% from rice imports during the same period last year, according to local sources.In terms of value, Iran’s rice imports in the first seven months of the current solar year stand at around $1.46 billion, up about 113.6% from the value of rice imports during the same period last year. India has supplied rice worth around $1.016 billion to Iran so far this solar year, while the U.A.E. (mainly a re-exporter of rice) has exported rice worth around $149 million and Turkey has exported rice worth around $138.5 million to

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Iran.According to local sources, Iran imported around 166,653 tons of rice, worth about $174.151 million during September 23- October 22, up about 2% in terms of volume and down about 12% in terms of value from the previous Iranian month.Iran’s rice imports in the solar year 2012-13 (March 19 to March 20) stood at around 1.28 million tons, down about 14% from around 1.5 million tons imported in the previous solar year.

Tags: Iran rice imports

Philippines MY2013-14 Rice Imports Estimated at 1.1 million Tons Nov 05, 2013

Rice production in the Philippines is expected to increase to around 11.7 million tons (milled basis) in MY 201314 (May to April), up about 2.6% from around 11.4 million tons produced in the previous year, according to the USDA Post in Manila.The slight increase production will bring rice imports down, but self-sufficiency in rice may not be possible for the Philippines this year. The Post says, “Despite DA and industry reports of expanding production, rice prices have been increasing in MY 2013/14.” Higher prices will reduce consumption slightly, but the Philippines is expected to continue rice imports this year. According to the Post, the Philippines will import around 1.1 million tons of rice in MY 2013-14, down about 21% from around 1.4 million tons imported in the previous year.According to the Post, rice consumption in the Philippines is expected to reach at around 12.80 million tons in MY 2013-14, down slightly from around 12.85 million tons in the previous year.The Philippines National Food Authority (NFA) says that the Philippines is already selfsufficient in rice and imports stand at around 205,379 tons which is below the volume required to be imported under WTO obligations annually.

Tags: Philippines rice imports

Turkey Rice Farmers Seek Government Intervention to Announce Support Prices

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Nov 05, 2013

Rice

farmers in Turkey want the Turkish Grain Board (TMO) to intervene into the market to prevent paddy rice prices from declining.According to the USDA Post in Ankara, paddy rice prices stood at around TL 1,400 1,500 per ton (about $695- $745 per ton) at the beginning of the harvest in September. However, prices soon dropped to around TL 1,200-1,300 per ton (about $595 - $645 per ton) in October. These prices are up about 40% from around TL 850 - 950 per ton (about $476 - $530 per ton) seen during the same time last year, but farmers are concerned about further decreases to around TL 1,100 per ton (about $545 per ton).The USDA Post says that rice production in MY 2013-14 (September – August) is expected to increase to around 500,000 tons, up about 3.5% from an estimated 483,000 produced in the previous year mainly due to higher yields, but rice stocks with the TMO have also declined to around 33,498 tons of paddy rice and 6,364 tons of milled rice, down from high levels in the previous seasons.

However, the Post says that it is highly unlikely that TMO will announce procurement price for paddy rice.

“TMO procured a high amount of corn at high prices, which will discourage them from procuring paddy rice.

Moreover, market prices at the moment are satisfactory for farmers,” the Post says. The last time TMO procured rice from farmers was in MY 2012, when TMO purchased about 41,304 tons of paddy rice from farmers.According to the Post, Turkey’s rice consumption is estimated at around 750,000 tons, and import requirements are estimated at around 330,000 tons in MY 2013-14.

Tags: Turkey rice production, TMO, USDA, Turkey rice prices

Oryza Afternoon Recap – Chicago Rough Rice Futures Shoot Higher as Market Looks to Return to $15.250-$15.550 Trading Range

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Nov 05, 2013

Chicago rough rice futures for January delivery settled 14 cents per cwt (about $3 per ton) higher at $15.280 per cwt (about $337 per ton). Rough rice futures continued higher today, adding to slight gains earned yesterday.

This reversal of the late week move lower last week has returned the market to the lower boundary of a recent $15.250-$15.550 per cwt (about $336-$343 per ton) sideways trading range. Today’s move also saw the market test nearby technical resistance provided by the 10-day moving average. Negativity noted in the other grains along with this point of technical resistance likely limited gains in the rice pit; soybeans finished the day about 0.5% lower at $12.5925 per bushel; wheat finished about 1% lower at $6.5600 per bushel; and corn finished the day about 0.3% lower at $4.2500 per bushel.U.S. stocks veered between small gains and losses on Tuesday, with Wall Street pausing after a two-session rise, as data showing the U.S. services industry expanded morethan-expected in October offset softer economic headlines from Europe.

After a triple-digit drop, the Dow Jones Industrial Average turned neutral. The S&P 500 remained slightly lower and the Nasdaq gained, with consumer staples the best performing and telecommunications the worst among the S&P's 10 major industry groups. Decliners outpaced advancers on the New York Stock Exchange, where 297m shares traded by 12:30 p.m. Eastern. Composite volume topped 1.6b. The dollar gained against the currencies of major U.S. trading partners, while the yield on the 10-year Treasury note used to figure mortgage rates and other consumer loans rose 5 basis points to 2.66%. U.S. stock markets are currently trading down about 0.4%, gold is trading about 0.4% lower, crude oil is seen trading about 1.4% lower, and the U.S. dollar is seen trading about 0.2% higher at about 2:00pm Chicago time.Looking to the daily continuation chart of Chicago rough rice futures for January delivery, the market traded sharply higher today, testing and confirming nearby technical resistance put in place by the 10-day moving average at $15.285 per cwt (about $337 per ton) today.

Although prices did manage to temporarily break through this level, the bulls were unable to maintain such lofty prices and by the settle they had drifted back below. Additional resistance is noted around $15.400 per cwt (about $340 per ton) provided by the 20-day moving average. This is also a key point of focus as many traders see a crossing above of this indicator as a bullish signal and indicates that the market has moved into technically positive territory. Today’s move provides a positive forecast for tomorrow’s price direction as the market managed to put in a higher low as well as a higher high. Today’s trading range is noted as $15.100-$15.300 per cwt (about $333-$337 per ton).Monday, there were 309 contracts traded, down from 333 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday increased by 46 contracts to 8,930.

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

Oryza Rice Currency Analysis for Today – Brazil Real Plunges Nearly 2% Nov 05, 2013

U.S. dollar index was up +0.19% from the open today, when it traded at 80.709 at the close.

Euro was -0.29% lower today by the close, trading around 1.3474 by end of day, after trading between an intraday high of 1.3523 and low of 1.3449. Better-than-expected data in the U.S. propelled the dollar higher

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today.

Thai baht was weaker -0.01%, trading at 31.285 at the close of business.

Indian rupee was +0.17% stronger, trading at 61.6250.

Brazilian real was -1.86% weaker than the open at today’s close, when it ended at 2.2890 reais per dollar.

Pakistan rupee was weaker -0.19% trading at 107.3150.

Vietnamese dong was unchanged at 21100.

Mexican peso was -1.34% weaker today, when it traded at 13.1723 pesos per dollar by the close of business today.

Chinese yuan was weaker -0.04% at 6.1005.

Argentine peso was -0.22% weaker at 5.9553 pesos per dollar.

Tags: foreign exchange rates

Oryza U.S. Rough Rice Recap – Market Very Quiet, Despite Increase in Mill Bids Nov 05, 2013

Offers held steady around $15.56-$16.66 per fob farm (about $343-$367 per ton), depending on where they are located in the U.S. mid-South, for November through December shipment.Bids from most larger mills increased to around $14.60 per cwt (about $322 per ton )while bids from exporters were unchanged $15.56 per cwt (about $343 per ton), both for November through December delivery, although no trades were reported today.

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

Color Your Life! Rainbow Rice Nov 05, 2013

For a low-cost, easy, and fun activity for children, try making colored rice. This is a great project because the kids can help make it and then they can play with the finished product, too. Colored rice can be a stimulating source of entertainment perfect for sensory play. The colors are customizable, allowing children to choose their favorite colors or choose a holiday theme to mix and mingle. Young children enjoy the noise it makes when it’s poured, and focusing on individual grains helps children develop fine motor skills. Pour several pounds of the colored rice into a wagon or plastic storage bin (the ones designed to fit under the bed work well) and set the kids up with shovels, rakes, and buckets for a less messy “sandbox.”

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The recipe works for any quantity of rice; adjust for your needs.Put the rice in a plastic bag that seals. You will need one bag for every color or scent you want to use. Add a few drops of food coloring or liquid water colors and a tiny bit of water to each bag. You should only add enough water to help distribute the color; there should not be any visible water left once the rice has been colored. (You can use rubbing alcohol for this, too – just make sure it won’t overpower the scent if you’re using any.) Now shake the bag around to make sure each piece gets coated. You can let the rice dry in the open bags (the easier but slower method) or spread them out on baking sheets to dry (the faster but messier method). The rice will probably dry in 4-6 hours.

This recipe is adaptable. In addition to food coloring and water colors, try the following twists: 

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Add a few drops of eucalyptus essential oil for an aromatherapy indulgence that helps cold congestion. You can add green food coloring to keep with the theme. Try other essential oils like peppermint (invigorating), lavender (calming), or cinnamon. Kids still get the healing effects of the oils while playing with it, and they don’t even realize it’s good for them, too.

Instead of food coloring, use fluorescent or glow-in-the-dark paint and instead of water, use rubbing alcohol. The fluorescent paint will glow under black light.

Go seasonal! Just add some holiday spices when you add the color. For fall, try apple pie spice scented green rice, pumpkin pie spice scented orange rice, coffee extract or cocoa powder scented brown rice, cranberry oil scented red rice, and clove spice scented yellow rice.

You can use Kool-Aid packets or powdered frosting flavoring to achieve some trickier flavors. For summer, how about red or green rice with watermelon Kool-Aid, yellow rice with lemonade Kool-Aid, or pink rice with cotton candy frosting powder? Just add the powdered flavoring when you add the color, and be prepared to use two packets of Kool-Aid if you’re coloring a large amount of rice.

To make it even more educational, provide children with colored vinegar to add to the already colored rice so they can create new colors: blue vinegar added to yellow rice makes green, yellow vinegar added to red rice makes orange, and red vinegar added to blue rice makes purple, and so on.

You can find other uses for the rice, too. Consider layering or mixing it in a clear vase or candleholder for a splash of color that is easily adaptable to the season and event. The scented rice also makes a great aromatherapy pouch when placed in scrap nylon or mesh material. For aching muscles, try putting the rice in a cloth pouch (you can use scrap material and hand stitch the edges) and microwaving it briefly or freezing it for a warm or cold compress. It also makes a soothing eye mask!

Tags: rainbow rice, rainbows, rainbow food, colorful food

USDA Post Estimates India MY 2012-13 Rice Exports at Record 11 Million Tons

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The USDA Post in New Delhi has increased the estimates for India’s rice exports in the marketing year 2012-13 (October – September) to a record 11 million tons, up about 6% from around 10.38 million tons exported in MY 2011-12, and up about 10% from USDA official estimates of around 10 million tons.The Post says that India has exported about 8.2 million tons of rice in the first nine months of 2013, up about 5% from around 7.8 million tons exported during the same period last year. The Post says India’s rice exports are expected to reach around 10.5 million tons in the calendar year 2013, helped by a strong demand for Indian rice and sufficient supplies.

According to the Post, MY 2012-13 ending stocks are expected to stand at around 25 million tons, including about 23.1 million tons with government agencies and about 1.9 million tons with the private sector.India’s MY 2013-14 rice exports are forecast at around 10 million tons, up about 7% from USDA official estimates of around 9.3 million tons. The Post continues to estimate MY 2013-14 production at 105 million tons, but may lower it after official estimates of crop damage due to cyclone Phailin is released.As per the USDA Post estimates, India is likely to remain the world’s largest rice exporter in MY 2012-13 and MY2013-14.

Tags: India rice exports

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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