12th february,2016 daily exclusive oryza rice e-newsletter by riceplus magazine

7/26/2019 12th February,2016 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

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Daily Exclusive ORYZA Rice E-Newsletter

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www.ricepluss.com www.riceplusmagazine.blogspot.com

February 12,2016

Vol 7,Iss


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India Should Popularize Black Rice

Cultivation, Says Agricultural Scientist

Feb 11, 2016

An agricultural scientist has advised all the state governments in India to promote and popularizeblack rice cultivation, as it is full of therapeutic properties, according to The HinduBusinessLine.

He says, black rice has anti-carcinogenic properties and is known to arrest the growth of cancercells. It also has anti-inflammatory properties. Its anti-angiogenesic effects inhibit the formationof new blood vessels, which encourage tumour growth. Presence of anthocyanins in black ricespecifically arrest growth of breast cancer cells, say researchers.

"Black rice contains more Vitamins B and E, niacin, calcium, magnesium, iron and zinccompared to white rice. It is rich in fibre and the grains have a nutty taste," says the scientist.

Black rice is mostly grown by organic methods, and its yields are much less compared to whiterice. This could be one of the reasons for most of the farmers not opting for its cultivation.

Currently, black rice is grown only in some parts of India's North-Eastern state Manipur.Recently, the government of the neighboring state Assam has decided to go in for massivecultivation of black rice as it would attract a premium price and has a great export potential.

He therefore, is urging other state governments to promote black rice cultivation. "A niche

market can be established primarily for export purposes," he says.

"By providing infrastructure, market support and financial incentives, black rice can, indeed, begood bet for Indian rice producers and consumers, domestic as well as foreign," he adds.

Asia Rice Quotes Unchanged Today

Feb 11, 2016

Vietnam rice sellers are out today due to a holiday. Other Asia rice sellers kept their quotesunchanged today.

5% Broken Rice

Thailand 5% rice is indicated at around $370 - $380 per ton, about $20 per ton premium onVietnam 5% rice last shown at around $350 - $360 per ton. India 5% rice is indicated at around


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$360 - $370 per ton, about $30 per ton premium on Pakistan 5% rice shown at around $330 -$340 per ton.

25% Broken Rice

Thailand 25% rice is indicated at around $355 - $365 per ton, about $15 per ton premium onVietnam 25% rice last shown at around $340- $350 per ton. India 25% rice is indicated at around$325 - $335 per ton, about $15 per ton premium on Pakistan 25% rice shown at around $310 -$320 per ton.

Parboiled Rice

Thailand parboiled rice is indicated at around $370 - $380 per ton. India parboiled rice isindicated at around $350 - $360 per ton, about $55 per ton discount to Pakistan parboiled ricelast shown at around $405 - $415 per ton.

100% Broken Rice

Thailand broken rice, A1 Super is indicated at around $325 - $335 per ton, about $5 per tonpremium on Vietnam 100% broken rice last shown at around $320 - $330 per ton. India's 100%broken rice is shown at around $260 - $270 per ton, about $20 per ton discount to Pakistanbroken sortexed rice shown at around $280 - $290 per ton.

ABARES Estimates Australia 2015-16 Paddy

Rice Production to Decline Sharply on Low

AcreageFeb 11, 2016

In its February 2016 crop report, the Australian Bureau of Agricultural and Resource Economicsand Sciences (ABARES) forecasts Australia's MY 2015-16 (April 2015 - March 2016) paddyrice production to decline to around 305,000 tons (around 240,950 tons, basis milled), downabout 58% from an estimated 724,000 tons (around 570,380 tons, basis milled) in MY 2014-15.

The ABARES attributes the decline in paddy rice production to a 56% y/y decline in planting

area to around 31,000 hectares from an estimated 71,000 hectares in MY 2014-15, reflecting asignificant reduction in supply of irrigation water available to rice growers in the main ricegrowing region New South Wales.

The agency reports that planting of summer crops is mostly completed in most of Australia'smajor summer cropping regions. Total summer crop production is forecast to decline by 6% y/yin 201516 to 3.9 million tons, largely due to a decline in rice production. The area planted tosummer crops in 2015-16 is expected to increase by 5% y/y to around 1.2 million hectares.


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Widespread rainfall across cropping regions in Queensland and northern New South Wales inlate January improved the outlook for dry land summer crops, says the ABARES. In its latestthree-month rainfall outlook (February to April 2016), issued on 28 January 2016, the Bureau ofMeteorology (BoM) forecasts that above-average rainfall is more likely in these regions.

The BoM reports that though a strong El Nio persists, ocean temperatures in the tropical Pacificare showing a gradual cooling signal. Climate models suggest El Nio will weaken over the

coming months, with a likely return to neutral conditions in the second quarter of 2016, it says.

El Nino to End by This Summer

Feb 11, 2016

The Japan Meteorological Agency forecasts the El Nio weather pattern is weakening and islikely to return to normal by 2016 summer, according to Reuters.

The agency said last month the El Nio weather phenomenon peaked in November and

December 2015 and would return to normal by this summer.

The Australian weather Bureau also stated that ocean temperatures in the tropical Pacific areshowing a gradual cooling signal. Climate models suggest El Nio will weaken over the comingmonths, with a likely return to neutral conditions in the second quarter of 2016, it said.


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El Nio is often associated with droughts in Southeast Asia and Australia, and floods in SouthAmerica. Past El Nios have reportedly impacted production of key foods such as rice, wheatand sugar.

The current El Nio is also understood to have a profound effect on the global rice production with

worlds major rice producers India and Thailand likely to see a sharp fall in their output. Extendingdrought conditions in Indonesia and the Philippines in 2015 have prompted them to scale up their

imports

Italy to Organize Seminar on Challenges

Faced by Rice Producers

Feb 11, 2016

The Italian Farmers Union of Pavia (CIA), the cultural association Alma Terra Cisalpina, and theResearch Center on the agricultural economy and Territory are jointly organizing a seminar titled"The rice production facing global market challenges" on February 12, 2016 at Rice researchCenter of Castello D'Agogna in Pavia, according to local sources.

Talking about the importance of the seminar, the organizers of the seminar noted: "The need todevelop strategies that will enable the production world to cope with the increasing challengesimposed by the market and the awareness that the economic sustainability of companies, shouldalso go through a different approach to business decisions, are now becoming daily discussiontopics."

The General Manager of the Ente Nazionale Risi (ENR), the National Agency for Rice, will talkon "The Italian rice production and trends in the international market." A University of EasternPiedmont Professor will talk on "The rice sector in Piedmont and in Lombardy," and thePresident of the AIRI (Italian Rice Milling Association) will talk on "The processing industry:opportunities and strategies."

Togo 2015-16 Paddy Rice Output Declines

4.7% y/y to 140,952 Tons, Says Agriculture

OfficialFeb 11, 2016

Togo's 2015-16 paddy rice output has declined about 4.7% to around 140,952 tons from around147,930 tons in 2014-15, Bloomberg quoted an official from the Agricultural StatisticsDepartment.


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Secretary-General of farmers union CTOP reportedly told reporters that the decline is attributedto low rains rainfall countrywide, including in the Zio region, where most of crop is grown.

USDA estimates Togo MY 2015-16 (October - September) paddy rice production at around154,000 tons, up from last year's 146,000 tons. It estimates the country's rice imports to remain

unchanged at last year's level of around 100,000 tons.

Pakistan Basmati Rice Export Prices

Increase for Second Consecutive Month in

January 2016

Feb 11, 2016

Pakistan basmati rice export prices have increased for second consecutive month in January2016, after declining continuously for three months from September 2015, according to the UN'sFood and Agriculture Organization (FAO).


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In January 2015, Pakistan's basmati rice export prices have increased by about 2.5% to around$734 per ton from around $761 per ton in December 2015, and down about 16% from their year-ago levels of around $876 per ton. In terms of local currency, average Pakistan basmati riceprices in January 2016 increased about 1.5% to around PKR 75,602 per ton from around PKR74,464 per ton in December 2015, and down about 14% from around PKR 88,305 per ton in

January 2015.

The increase can be attributed to a new memorandum of understanding (MoU) signed betweenPakistan and Indonesia under which Pakistan will export one million tons of rice to Indonesiaover the next four year. The first tender to export 15,000 tons of rice, including 5,000 tons ofbasmati rice, has been reportedly finalized last month. Pakistan basmati rice exporters have beenfacing a low demand and high stocks for the last few months.

Pakistan exported around 2.05 million tons of rice in the first six months of FY 2015-16 (July -December), up about 15% from around 1.53 million tons exported during the same period in FY2014-15, according to provisional data from the Pakistan Bureau of Statistics (PBS).

Oryza CBOT Rough Rice Futures Recap -

Chicago Rough Rice Futures Fall despite

Uptick in Weekly Export Sales

Feb 12, 2016

Chicago rough rice futures for Mar delivery settled 11.5 cents per cwt (about $3 per ton) lower at$11.015 per cwt (about $243 per ton). The other grains finished the day with mixed results;Soybeans closed about 1.3% higher at $8.7350 per bushel; wheat finished about 0.7% lower at$4.5825 per bushel, and corn finished the day unchanged at $3.6025 per bushel.

U.S. stocks traded mostly higher on Wednesday as investors digested remarks from Fed ChairJanet Yellen, as well another choppy trading in oil. Yellen delivered her remarks to Congress at10 a.m. ET, in which she notes that, if the U.S. economy were to disappoint, the Fed would haveto reconsider its rate hike path. Yellen answered questions after delivering her remarks, saying "Idon't think it will be necessary to cut rates but like I said monetary policy is not on a presetcourse." The Dow Jones industrial average traded 44 points higher, or 0.29%. The S&P 500 rose

19 points, or 1.03%, to trade at 1,871, with health care leading eight sectors higher and utilitiesand telecommunications lagging. The Nasdaq gained 77 points, or 1.8%, to 4,345. Gold is seentrading about 0.5% lower, crude oil is seen trading about 1.6% lower, and the U.S. dollar is seentrading slightly higher at about 1:15pm Chicago time.

Wednesday, there were 1,737 contracts traded, up from 1,249 contracts traded on Tuesday. Openinterestthe number of contracts outstandingon Wednesday increased by 602 contracts to14,046.


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Oryza U.S. Rough Rice Recap -Prices

Stabilize after Iraqi Tender Confirmed

Feb 12, 2016

The U.S. cash market was unchanged today after it was confirmed that Iraq will issue a tenderfor 90,000 tons of milled rice with the U.S. being the only origin included in the tender.

The USDA reported that cumulative net export sales for the week that ended on February4 totaled 53,100 tons, an increase of 36% from the previous week and 45% higher than the prior4-week average.

Increases were reported for the following destinations: 13,500 tons to Colombia, 13,100 tons toJapan, 11,000 tons to Mexico, 5,900 tons to Guatemala, including 700 tons switched from El

Salvador, and 5,000 tons to Canada, while reductions of 700 tons and 100 tons were reported forEl Salvador and Costa Rica, respectively.

U.S. rice exporters shipped 49,200 tons, an increase of 24% from than last week but 1% lowerthan the prior 4-week average.

Increases were reported for the following destinations: 13,500 tons to Colombia, 13,200 tons toJapan, 5,900 tons to Guatemala, 4,700 tons to Honduras, and 3,900 tons to Mexico.

Iraq Seeks to Buy 90,000 Tons of U.S. Rice in

TenderFeb 11, 2016

Iraq is seeking to buy about 90,000 tons of U.S. rice in tender, Bloomberg quoted a statementfrom Iraq's Trade Ministry.

Deadline for submission of bid is reportedly February 21, 2016, and the offers will be valid tillFebruary 25, 2016.

USDA Post Forecasts China MY 2015-16 RiceStocks to Increase on Low Consumption

Feb 11, 2016


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The USDA Post forecasts China's MY 2015-16 (July - June) ending stocks to increase to around50.61 million tons, up about 6% from an estimates 47.66 million tons in MY 2014-15 and downfrom USDA's official estimates of around 47.68 million tons due to stagnating consumption. Thegovernment is planning to continue with the current rice subsidies and procurement policy. ThePost forecasts that rice stocks will continue to grow if current policies are sustained.

The government has been facing severe problems in selling its rice stocks due to poor quality as

well as availability of competitively priced imported rice in the local market.

The Post has lowered its estimates for China's MY 2015-16 rice consumption by about 2.4million tons to 147.6 million tons due to shifting consumer preferences, the economic slowdown,and lower feed use.

Meanwhile, the Post estimates China's MY 2015-16 rice imports at around 4.7 million tons, upfrom last year's 4.315 million tons and unchanged from USDA's official estimates. Chinese


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traders will continue to import rice as long as local rice prices are higher compared to theneighboring countries. They mostly import rice from Vietnam and Thailand due to theircompetitive prices and geographical proximity. For instance, the average price of indica paddyrice offered by State Grain silos in January averaged around $420 per ton, which is over $60 perton compared to the price of imported milled rice from Vietnam. The Post reports that rice

imports in November 2015 increased about 32% y/y due to high domestic prices.

The Post reports that the high government support prices offered by the government is also oneof the reasons for high domestic prices.

The Post forecasts China's MY 2015-16 paddy rice production at around 209 million tons, upfrom last year's 206.51 million tons and up from USDA's official estimates of around 208.24million tons due to an expected increase in paddy acreage, as soybean producers in the northeasthave shifted to rice cultivation in search of higher returns.

Wholesale Basmati Rice Prices in India Riseon Increased Buying for Stockpiling

Feb 11, 2016


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Wholesale basmati rice prices in the national capital have increased today on fresh buying forstockpiling, according to the Press Trust of India (PTI).

On February 11, 2016, prices of Pusa 1121 increased to around Rs.3,800 - 4,700 per quintal(around $561 - $693 per ton) from around Rs.3,700 - 4,600 per quintal (around $546 - $678 per

ton) on February 9, 2016.

Prices of common basmati increased to around Rs.5,100 - 5,200 per quintal (around $752 - $767per ton) from around Rs.4,900 - 5,000 per quintal (around $725 - $740 per ton) on February 9,2016.

"Stockists buying against restricted supplies from producing regions mainly attributed to the risein rice basmati prices," traders were quoted as saying.

Cambodian Rice Exporters Worry as EU-

Vietnam FTA Comes into ForceFeb 11, 2016

Cambodian rice exporters have expressed concern that Cambodian rice exports to the EU underthe Everything But Arms (EBA) Agreement would be impacted following the finalizing of theEU - Vietnam Free Trade Agreement (FTA), under which the EU has agreed to scrap duties onabout 80,000 tons of Vietnamese rice annually, according to Khmer Times.

The President of the Cambodia Rice Federation (CRF) noted that the FTA could supress thegrowth of Cambodia's milled rice exports to the EU this year. Of course, it definitely affects usbecause Vietnam alsoproduces rice like us, while its production costs are lower socompetition will be tougher, he said.

The EU reportedly accounts for around 40% of Cambodia's total rice exports. It is the biggest

market for us so it really requires us to think deeply about this issue, he added. The official,however noted that Cambodia's organic, parboiled and fragrant rice exports will remaincompetitive, they are more concerned about the white rice exports.

He noted that the CRF has set up five working groups to help boost production capacity and

increase global competitiveness. "The first working group focuses on reducing production costsand the second aims to increase yields from their current average of 2.8 tons to 3.2 tons perhectare (about half the average yield in Vietnam). The third working group focuses on improvingirrigation systems, the forth on ensuring millers and exporters have enough capital to buy paddyduring the harvest season, and the fifth on expanding rice silos and warehouses," he said.

Exclusive News have been shared with written permission of ORYZA.com with thanks

12th february,2016 daily exclusive oryza rice e-newsletter by riceplus magazine

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