14th January ,2016 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

8/20/2019 14th January ,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

January 14,2016

Vol 6,Iss


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Presents Seminar on

Role of Media and Society in Building Innovative Pakistan – Science,

Technology and Innovation

Date: 19th January, 2016 (Tuesday) Time: 10:30am-01.00pmVenue: University of Management and Technology, Lahore

The aim of the SATHA Seminar is to highlight critically important but generally neglected area

of Science, Technology and Innovation Policies and Practices in Pakistan. The seminar will

bring attention of stakeholders towards the undeniable role of science, technology and innovation

for the socio-economic development of the country and hence, will advocate promotion of

research and innovation for the benefit of the industry and public at large.

Tentative Program

10:30am: Registration – Seating - Recitation

11:00am: Welcome by President SATHA

11:10am: Highlights of the PCST-IRP joint study on “Encouraging Problem Solving

Research in Pakistan” by Dr. Tariq Bashir, PCSTThe study was jointly conducted by PCST and IRP on how to encourage and promote need-

based R&D and innovation in Pakistan. The data was collected from 350-400 experts of

150+ organizations of industry, academia and public sector through consultative workshops

held allover Pakistan.

11:25am: Competiveness of Rice Sector of Pakistan and Role of Research Institutions

by Dr. Hamid Malik CEO, Induss Pak

11:40am: Role of Media in Building Innovative Pakistan by Mr. Habib Akram Executive

Editor, Dunya TV

11:55am: Role of Media in Building Innovative Pakistan by Saleem Bokhari, Editor,

The Nation

12:10pm: Role of Society in S&T – Akhuwat Triple Helix Model - Society, Academia

and Govt. Collaboration by Dr. Amjad Saqib, Executive Director, Akhuwat

12:25pm: Address by Guest of Honor- Dr. Anwar ul Hassan Gilani, Chairman, PCST

12:40pm: Address by Chief Guest - Fahd Husain, Executive Director, Express News

12:55pm: Note of Thanks by Mr. Rashid Khan, Assistant Professor, Media Dept., UMT

01:00pm: Closing

Contact: Anum Akmal, Program Coordinator, SATHA – ORIC, UMT, LahoreEmail: [email protected] Ph. 042- 35212801 Ext: 3744

University of Management and Technology, LahoreC II, Johar Town, Lahore-Pakistan

mailto:[email protected]:[email protected]


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Wholesale Basmati Rice Prices in India

Decline on Low Demand

Jan 13, 2016

Wholesale basmati rice prices have declined today due to sluggish demand from traders,according to the Press Trust of India (PTI).

On January 13, 2016, prices of Pusa 1121 declined to around Rs.4,250 - 4,900 per quintal(around $637 - $734 per ton) from previous quotes of around Rs.4,350 - 5,000 per quintal(around $652 - $749 per ton).

Prices of common basmati rice declined to around Rs.5,300 - 5,400 per quintal (around $794 -$809 per ton) from the previous level of around Rs.5,400 - Rs.5,500 per quintal (around $810 -

$825 per ton).

However, traders attributed the decline in wholesale basmati prices to subdued demand fromretailers.

Global Rice Quotes


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January 13th, 2016

Long grain white rice - high quality

Thailand 100% B grade 360-370 ↔

Vietnam 5% broken 350-360 ↔

India 5% broken 355-365 ↔

Pakistan 5% broken 330-340 ↔

Myanmar 5% broken 410-420 ↔

Cambodia 5% broken 425-435 ↔

U.S. 4% broken 465-475 ↔

Uruguay 5% broken 495-505 ↔

Argentina 5% broken 490-500 ↔

Long grain white rice - low quality

Thailand 25% broken 340-350 ↔


Pakistan 25% broken 305-315 ↔

Cambodia 25% broken 410-420 ↔

India 25% broken 325-335 ↔

U.S. 15% broken 485-495 ↔

Long grain parboiled rice

Thailand parboiled 100% stxd 355-365 ↔

Pakistan parboiled 5% broken stxd 405-415 ↔

India parboiled 5% broken stxd 345-355 ↔

U.S. parboiled 4% broken 500-510 ↔

Brazil parboiled 5% broken 520-530 ↔

Uruguay parboiled 5% broken NQ ↔


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Long grain fragrant rice

Thailand Hommali 92% 675-685 ↔

Vietnam Jasmine 440-450 ↑

India basmati 2% broken NQ ↔

Pakistan basmati 2% broken NQ ↔

Cambodia Phka Mails 745-755 ↔

Brokens

Thailand A1 Super 315-325 ↔


Pakistan 100% broken stxd 285-295 ↔

Cambodia A1 Super 350-360 ↔

India 100% broken stxd 265-275 ↔

Egypt medium grain brokens NQ ↔

U.S. pet food 295-305 ↔

Brazil half grain NQ ↔

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

EU Rice Imports from Asian LDCs Increase

Sharply in First Four Months of 2015-16

Jan 13, 2016

The European Union's (EU) rice imports from the Least Developed Countries (LDCs) of Asiasuch as Cambodia and Myanmar under the Everything But Arms (EBA) Agreement havereached around 116,697 tons in the first four months of the crop year 2015-16 (September -December 2015), up about 42% from around 82,477 tons imported during the same period lastyear, according to data from the European Commission (EC).

The EC data shows that imports from Cambodia (which account for about 84% of total importsfrom Asian LDCs in September – December 2015) increased about 44% to around 98,301 tons


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from around 68,364 tons during the same period last year. On the other hand, rice imports fromMyanmar (which account for about 16% of total imports from Asian LDCs in the first fourmonths of 2015) have increased about 35% to around 16,773 tons from around 12,429 tonsduring the same period last year.

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Tumble as

Market Digests Bearish USDA S&D Outlook;

Corn and Beans Follow through Buying

while Wheat Slips

Jan 14, 2016

Chicago rough rice futures for Mar delivery settled 41.5 cents per cwt (about $9 per ton) lower at$11.300 per cwt (about $249 per ton). The other grains finished the day with mixed results;Soybeans closed about 0.6% higher at $8.8000 per bushel; wheat finished about 0.7% lower at$4.7800 per bushel, and corn finished the day about 0.4% higher at $3.5800 per bushel.

U.S. stocks traded lower Wednesday as low oil prices and consumer discretionary stocksweighed. WTI crude oil futures tried to hold slightly higher near $30.50 a barrel after brieflyfalling below the psychologically key $30 level Tuesday and hitting a fresh 12-year low. Brenttraded lower, also near $30.50 a barrel. China's crude oil imports hit a record high in December,

while copper imports were the second highest on record, according to customs data. OverallChinese exports and imports fell by less than expected in December, leaving a trade surplus ofover $60 billion for the month, the data showed. The economy likely had its weakest annualgrowth in 25 years. China GDP data is expected next week. The Shanghai composite stock indexerased early gains to close 2.4% lower, while Asian markets mostly closed higher onWednesday. European stocks pared gains to end mixed. In midday trade, the Dow Jonesindustrial average declined 96 points, or 0.59%, to 16,418. The S&P 500 fell 11 points, or0.58%, to 1,927, with consumer discretionary leading eight sectors lower and utilities andtelecommunications the only gainers. The Nasdaq composite declined 46 points, or 0.98%, to4,638. Gold is seen trading about 0.3% higher, crude oil is seen trading about 0.8% lower, andthe U.S. dollar is seen trading about 0.1% higher at about 1:00pm Chicago time.

Tuesday, there were 471 contracts traded, up from 355 contracts traded on Monday. Openinterest – the number of contracts outstanding – on Tuesday increased by 99 contracts to 13,469.

European Paddy Quotes Remain Firm in

First Week of January 2016


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Jan 13, 2016

European paddy quotes showed no substantial movements during the week December 29, 2015 -January 05, 2016, according to the European quotations supplied by the European Commission(EC) on January 5, 2016. Official paddy quotes were not available in some countries.

Below are the European quotations supplied by the EC on January 5, 2016.

SPAIN - Japonica paddy slightly decreasing at 291 euros (about $ 315) per ton, down from 294euros (about $ 319) per ton on December 29, 2015. Indica paddy was fixed at 256 euros (about $277) per ton, slightly decreasing from 255 euros (about $ 276) per ton of the previous week.Milled Japonica rice quoted 587 euros (about $ 637) per ton, unchanged.

PORTUGAL - Portuguese paddy varieties received no quotations.

GREECE – Greek paddy varieties received no quotations.

ROMANIA - Prices were fixed only on January 5: Japonica paddy was out at 320 euros (about$ 347) per ton and Indica paddy at 327 euros (about $ 354) per ton. As for milled rice, no quoteswere indicated.

BULGARIA - Japonica paddy quotations are firm at 294 euros (about $ 319) per ton. Japonicamilled rice prices are unchanged at 872 euros (about $ 946) per ton.

FRANCE - No variety of milled rice was quoted on January 5, 2016; on December 29, 2015round milled rice was out at 620 euros (about $ 672) per ton, Long A at 600 euros (about $ 651) per ton, Long B at 610 euros (about $ 662) per ton.

Cambodia Needs to Invest About $550

Million in Rice Value Chain to Achieve One

Million Ton Export Goal, Says CRF Official

Jan 13, 2016

The government of Cambodia should invest about $550 million the rice production and supplychain to achieve the one million ton export target, local sources quoted an official from theCambodia Rice Federation (CRF).


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The official noted that the CRF requires at least 2.5 million tons of paddy, including bothfragrant and white types, to process one million tons of milled rice for exports. He also noted thatadvanced storage facilities are also required to achieve the goal.

He noted that earlier China had proposed to invest about $320 million to develop the country's

rice milling sector, but new studies have found that the sector over $500 million for the purpose.He urged the government to facilitate loans for the development of the sector.

Other exporters added that funds are needed to build warehouses, rice silos, develop humanresources and upgrade equipment for harvesting rice and transporting it to warehouses and ports.Such facilities are needed to ensure uninterrupted rice supplies for exports, they said. Someexporters opined that the development of the sector would also help the exporters to reduce prices in line with the global prices.

Cambodia's rice exports increased significantly in 2015 though the one million ton target couldnot be reached. Cambodia exported around 538,396 tons of milled rice in 2015 up about 39%

from around 387,061 tons exported during the same period last year.

Government of India Procures 20.81 Million

Tons of Rice as of January 12, 2016 in KMS

2015-16, Up 32% from Last Year

Jan 13, 2016

The Food Corporation of India (FCI), the nodal agency for food grain procurement anddistribution has procured around 20.81 million tons of rice as of January 12, 2016 in KMS 2015-16 (October 2015 - September 2016), up about 32% from around 15.74 million tons last year, theEconomic Times quoted a news release by the Food Ministry.

Paddy procurement is said to have increased in this season despite the country receiving below-average monsoon rains in 2015 due to a decline in prices of common variety of rice in variousmarkets across the country.. The major increase in procurement of paddy has taken place inPunjab, Haryana, Chhattisgarh, Andhra Pradesh, Odisha and Uttar Pradesh, according to thenews release.

Based on the current pace of procurement, analysts have forecasted that government's rice procurement in KMS 2015-16 may exceed last year's level of 32 million tons. The governmentof India is planning to procure around 30 million tons of rice in the KMS 2015-16.

Food Ministry sources noted that the government of India provided an additional funding ofRs.10,000 crore to the FCI this month to ensure that it has sufficient funds to pay to the farmersand the state government agencies for procurement of paddy.


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India’s rice stocks in the central pool as of January 1, 2015 stood at around 26.025 million tons(including a milled equivalent of about 13.34 million tons of paddy), up about 14% from around22.79 million tons recorded during the same period last year, according to FCI.

Oryza U.S. Rough Rice Recap - Steep PriceDeclines Seen a Day after Bearish USDA

Report

Jan 14, 2016

The U.S. cash market was materially weaker today, a day after the USDA increased their2015/2016 long grain ending stocks estimate by 2.2 m cwt to 23.0 m cwt from last month’s

report.

Analysts note that many farmers were hopeful that this month’s report would be friendly to prices however the large and somewhat questionable 6.0 m cwt reduction in domestic andresidual use shattered those hopes.

Meanwhile, high water levels on the Lower Mississippi River continues to hamper barge loadingoperations and at least one a river closure was reported yesterday after a tow hit a bridge inVicksburg, MS, sinking some of the barges it was moving.

Re-Seeding of Paddy Acquired from Non-

Seeding Companies Not Allowed, Says ItalianMinistry

Jan 13, 2016

The Italian Ministry of Agriculture and Forestry (MIPAAF) has reportedly announced that paddyacquired from non-seed breeding companies will not be allowed in Italy.

However, the MIPAAF has clarified that the paddy grown in one's own farm can be used for re-seeding purposes.

The Ministry noted that the Ente Risi (ENR), the National Agency for Rice, must promptlyreport any detected anomaly to the Central Inspectorate for the prevention of Fraud, which willcarry out controls during the marketing phase.


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The issues related to the re-seeding of paddy will be discussed in a special technical meeting,which will be conducted in Ente Risi Research Center in Castello d'Agogna on February 4, 2016.The meeting will reportedly discuss the current themes of rice growing in Italy.

USDA Raises Estimates for U.S. 2015-16 AllRice Supplies on Higher Production

Jan 13, 2016

In its January 2016 World Agricultural Demand and Supply Estimates (WASDE) report, theUSDA raised estimates for the U.S. all rice supplies to around 12.02 million tons, up from itslast month's forecast of 11.97 million tons due to an expected increase in all rice production.However, the supplies are estimated to be lower from last year's 12.56 million tons. Whilesupplies of long-grain rice are expected to be unchanged at last month’s 8.16 million tons,


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supplies of short- and medium-grain rice at around 3.76 million tons, up from last month'sestimates of 3.72 million tons.

The USDA raised estimates for U.S. all rice production to around 8.72 million tons from its lastmonth’s forecast of 8.65 million tons due to an expected increase in acreage and yields. While

estimates for production of long-grain rice is raised to 6.03 million tons from last month'sestimates of 6.01 million tons, estimates for production of short- and medium-grain rice areraised to around 2.69 million tons, up from last month's estimates of 2.65 million tons.

The USDA estimates for U.S. all rice acreage to increase to 1.032 million hectares, up from itslast month's estimates of 1.028 million hectares. It estimates yield per hectare to increase toaround 8.4 tons, up from last month's estimates of 8.35 tons.

The USDA lowered estimates for U.S. all rice imports to around 1.09 million tons, down fromits last month’s forecast of 1.11 million tons based on slower pace to date.

The USDA lowered its estimates for 2015-16 U.S. all rice use to 5.49 million tons, down fromlast month's forecast of 5.76 million tons due to an expected decline in the estimates of long -grain use to 3.99 million tons from last month’s forecast of 4.26 million tons. The USDA raisedits estimates for 2015-16 U.S. all rice exports to 4.63 million tons, up from last month's forecastof 4.45 million tons due to an expected increase in the exports of long -grain to 3.13 million tonsfrom last month’s forecast of 2.95 million tons.

The USDA increased its estimates for 2015-16 U.S. all rice ending stocks to 1.9 million tons, upfrom last month's forecast of 1.76 million tons due to an expected increase in the estimates of both long -grain and short- and medium- ending stocks.

Average farm prices of all paddy rice, long-grain paddy rice and combined medium- and short-grain paddy rice are expected to decline to around $279.98 - $302.03 per ton, around $242.51 -$264.55 and $365.96 - $388 per ton respectively.

Vietnam Rice Sellers Increase Some of Their

Quotes Today; Other Asia Rice Quotes

Unchanged Today

Jan 13, 2016

Vietnam rice sellers increased their quotes for Jasmine rice by about $15 per ton to about $440-$450 per ton today. Other Asia rice sellers kept their quotes unchanged today.

5% Broken Rice


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Thailand 5% rice is indicated at around $350 - $360 per ton, on par with Vietnam 5% rice shownat around $350 - $360 per ton. India 5% rice is indicated at around $355 - $365 per ton, about$25 per ton premium on Pakistan 5% rice shown at around $330 - $340 per ton.

25% Broken Rice

Thailand 25% rice is indicated at around $340 - $350 per ton, on par with Vietnam 25% riceshown at around $340- $350 per ton. India 25% rice is indicated at around $325 - $335 per ton,about $20 per ton premium on Pakistan 25% rice shown at around $305 - $315 per ton.

Parboiled Rice

Thailand parboiled rice is indicated at around $355 - $365 per ton. India parboiled rice isindicated at around $345 - $355 per ton, about $60 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 $315 - $325 per ton, about $20 per tondiscount to Vietnam 100% broken rice shown at around $335 - $345 per ton. India's 100% broken rice is shown at around $265 - $275 per ton, about $20 per ton discount to Pakistan broken sortexed rice shown at around $285 - $295 per ton.

Thai OAG Sues Seven More Individuals in

Rice Pledging Case

Jan 13, 2016

The Office of the Attorney General (OAG) sued another seven individuals in the rice pledgingcase, according to local sources.Newly accused are executive in rice mills who are reportedlyknown to have colluded with the former Commerce Minister related to a government-to-government (G2G) deal between the Thai and Chinese governments.Public prosecutors filedtheir petition with the Supreme Court's Criminal Division for Political Office Holders against the private-company executives, who are understood to have bought rice from government stock,supposedly to be delivered to China, and sold in the Thai local markets.The OAG already filedthe charges against the 21 individuals, including the former Commerce Minister, based on the

advice of the National Anti-Corruption Commission (NACC). They were reportedly accused ofhelping two Chinese companies, which were reportedly not authorized by the Chinesegovernment, to seal G2G contracts for about 1.2 million tons of rice with the Thai governmentwithout participating in a bid. The 21 individuals are said to have violated the Criminal Code, thePublic Competitive Bidding Act and the Anti-Corruption Act. The Supreme Court is hearing theevidences related to the case.

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

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14th January ,2016 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine