16th March,2016 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

8/19/2019 16th March,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

March 16,2016Vol 7,Issue


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Pakistan Basmati Rice Export PricesIncrease for Third Consecutive Month in

February 2016Mar 15, 2016

Pakistan basmati rice export prices have increased for third consecutive month in February 2016,after declining continuously for three months from September 2015, according to the UN's Food

and Agriculture Organization (FAO).

In February 2015, Pakistan's basmati rice export prices have increased by about 1.4% to around$745 per ton from around $734 per ton in January 2015, and down about 24% from their year-ago levels of around $978 per ton. In terms of local currency, average Pakistan basmati rice

prices in February 2016 increased about 2% to around PKR 77,110 per ton from around PKR75,602 per ton in January 2015, and down about 23% from around PKR 88,305 per ton inFebruary 2015.


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The average basmati rice export price declined about 20% to around $740 per ton in the first twomonths of 2016 from around $927 per ton during the same period last year.

Pakistan exported around 2.445 million tons of rice (including 223,634 tons of basmati and 2.22million tons of non-basmati) in the first seven months of FY 2015-16 (July 2015 - January 2016),

up about 11% from around 2.196 million tons (290,013 tons of basmati and 1.91 million tons ofnon-basmati) exported during the same period in FY 2014-15, according to provisional data fromthe Pakistan Bureau of Statistics (PBS).

Global Rice QuotesMarch 16th, 2016

Long grain white rice - high quality

Thailand 100% B grade 375-385 ↔

Vietnam 5% broken 375-385 ↔

India 5% broken 365-375 ↔

Pakistan 5% broken 335-345 ↔

Myanmar 5% broken 420-430 ↔

Cambodia 5% broken 410-420 ↔

U.S. 4% broken 440-450 ↔

Uruguay 5% broken 445-455 ↔

Argentina 5% broken 435-445 ↔

Long grain white rice - low quality

Thailand 25% broken 355-365 ↔

Vietnam 25% broken 355-365 ↓

Pakistan 25% broken 305-315 ↔

Cambodia 25% broken 395-405 ↔

India 25% broken 330-340 ↔

U.S. 15% broken (sacked) 460-470 ↔

Long grain parboiled rice


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Thailand parboiled 100% stxd 370-380 ↔

Pakistan parboiled 5% broken stxd NQ ↔

India parboiled 5% broken stxd 350-360 ↔

U.S. parboiled 4% broken 480-490 ↔

Brazil parboiled 5% broken 520-530 ↔

Uruguay parboiled 5% broken NQ ↔

Long grain fragrant rice

Thailand Hommali 92% 665-675 ↔

Vietnam Jasmine 460-470 ↑

India basmati 2% broken NQ ↔

Pakistan basmati 2% broken NQ ↔

Cambodia Phka Mails 755-765 ↔

Brokens

Thailand A1 Super 330-340 ↔

Vietnam 100% broken 345-355 ↔

Pakistan 100% broken stxd 285-295 ↔

Cambodia A1 Super 335-345 ↔

India 100% broken stxd 265-275 ↔

Egypt medium grain brokens NQ ↔

U.S. pet food 280-290 ↔

Brazil half grain NQ ↔

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


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EU Imports 656,430 Tons of Rice inSeptember 1, 2015 - March 8, 2016; Up 19%

from Previous Year

According to the latest data issued by the European Union (EU), rice imports by the EUincreased sharply since the beginning of the crop year 2015-16 (September 1, 2015 - August 31,2016).

The EU imported about 656,430 tons of rice during the period September 1, 2015 - March 8,2016, up about 19% from around 553,797 tons imported during the same period last year.

Japonica rice imports increased about 8% to around 51,568 tons in September 1, 2015 - March 8,

2016 period from around 47,831 tons during the same period last year. Indica rice importsincreased about 20% to around 604,862 tons during the said period from around 505,966 tonslast year.

The UK remained the largest importer in September 1, 2015 - March 8, 2016 period with around149,520 tons followed by France (112,018 tons), The Netherlands (77,329 tons), Germany(51,748 tons), Poland (48,467 tons), and Italy (48,107 tons). Other EU countries imported169,241 tons.


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During the week ended March 8, 2016, the EU imported around 22,708 tons of rice, down about15% from around 26,776 tons imported during the week ended March 1, 2015.

The EU imported around 1.143 million tons of rice in the crop year 2014-15, up about 12.7%from around 1.013 million tons imported in the crop year 2013-14.

Brazil Rice Stocks Decline About 16% m/m to92,260 Tons in February 2016Mar 15, 2016

Brazil rice stocks stood at around 92,260 tons in February 2016, down about 16% from around110,388 tons in January 2016 and down about 32% from around 135,717 tons in February 2015,

according to the country's national grain supplying agency Conab.

According to Conab, rice stocks with the Selling Option Contract of Agricultural Products(OPCAO) stood at around 51,879 tons in February 2016, down about 15% from around 60,802tons in January 2016 and down about 36% from around 81,671 tons in February 2015.


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Rice stocks with the Federal Government Acquisition (AGF) stood at around 40,381 tons, downabout 19% 49,586 tons in January 2016 and down about 24% from around 53,193 tons inFebruary 2015.

Rice stocks with farmers (Agricultural Familiar) were nil and unchanged from January 2016 and

down from around 853 tons in February 2015.

Oryza CBOT Recap – Chicago Rough RicePull Back as Market Fails to Find Follow -Through Buying InterestMar 16, 2016

Chicago rough rice futures for May delivery settled 8 cents per cwt (about $2 per ton) lower at$10.370 per cwt (about $229 per ton). The other grains finished the day lower; Soybeans closedabout 0.4% lower at $8.9200 per bushel; wheat finished about 0.3% lower at $4.7725 per bushel,and corn finished the day about 0.1% lower at $3.6850 per bushel.

U.S. stocks traded mostly lower Tuesday, led by declines in energy and health care stocks, aheadof the Wednesday conclusion of the Federal Reserve meeting. WTI briefly fell to $36.04 a barrel,its lowest since March 4, before paring losses and holding near $36.30 as of 1:34 p.m. ET. TheFederal Open Market Committee is kicked off its two-day meeting Tuesday and is scheduled torelease its statement and economic projections Wednesday afternoon. Fed Chair Janet Yellen isalso due to hold a press conference.

Retail sales fell a less-than-expected 0.1% in February, but January's figure was revised down toshow a 0.4% decline versus the previously reported 0.2% increase. U.S. producer prices fell0.2% in February, but were unchanged over the last 12 months. That marked the first time sinceJanuary 2015 that the year-on-year PPI did not decline, Reuters said. The Bank of Japan left ratesunchanged, as expected. European stocks ended lower, with the pan-European Stoxx 600 indexfalling 1.1%. Asian stocks closed mostly lower, except for the Shanghai composite which ekedout a gain of nearly 0.2%.In afternoon trade, the Dow Jones industrial average traded down 15

points, or 0.09%, to 17,213. The S&P 500 declined 7 points, or 0.37%, to 2,012, with health careleading six sectors lower and information technology the top gainer. The Nasdaq compositetraded down 21 points, or 0.45%, to 4,728. Gold is seen trading about 1% lower, crude oil is seen

trading about 2.3% lower, and the U.S. dollar is seen trading marginally lower at about 1:00pmChicago time.

Monday, there were 352 contracts traded, down from 382 contracts traded on Friday. Openinterest – the number of contracts outstanding – on Monday increased by 17 contracts to 12,457.


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European Commission Postpones Vote onGlyphosate Authorization for Another

Fifteen YearsMar 15, 2016

The European Commission (EC) has reportedly postponed the voting on the new authorizationfor glyphosate for another fifteen years, after some member states such as Italy expressedconcern over the use of this herbicide on human health.

The International Agency for Research on Cancer (IARC) has included the glyphosate in the listof food items that are "probably carcinogenic."

Though the European Food Safety Authority (EFSA) argued that the herbicide is unlikely to becarcinogenic, some cases have brought to light traces of glyphosate in some food items, such asGerman beer, in the EU.

Following these contradictory arguments, the European Chemicals Agency (ECHA) is said toconduct further investigations into the impact of glyphosate to get to a health officialclassification of the EU. The process is likely to end by the end of 2017.

Halal Certification Opens More Export

Markets in Middle East for Philippines RiceMar 15, 2016

Halal certification by the Islamic Da'wah Council of the Philippines opens more export marketsfor the country's rice in the Middle East, according to the Business World Online.

Halal signifies a requirement of importing countries. Two varieties of rice - Jasponica (mix ofThailand’s special Jasmine rice and Japan’s premium Japonica) and Miponica (sticky type of ricefor use in sushi)- produced by a private company in the Philippines are Halal certified.

The company is planning to export a bigger share of rice to the Gulf Cooperation Council (GCC)countries. It is also keen on targeting Overseas Filipino Workers (OFWs).

The Philippines has been exporting premium quality rice since 2013 when the government liftedthe decades-long export ban on specialty fancy rice. However, ban on regular milled rice stillcontinues.


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China Agrees to Release Water into MekongRiver to Help Vietnam Deal with DroughtMar 15, 2016

China has agreed to release water from its Jinghong Hydropower Station reservoir into the lowerMekong River to help Vietnam deal with drought and salinity in a number of provinces inMekong Delta, according to Vietnam Net.

More than 150,000 regional households with 600,000 people are lacking fresh water. China willreportedly release water between March 15 and April 4, 2016.

China has agreed for Vietnam's proposal to increase the outflow from its Jinghong HydropowerStation to the l ower reach of the Mekong River. “We held that the protection and sustainable useof water in the Mekong River is the responsibility shared by countries along the river toharmonise the interests of relevant nations and regional people’s lives,” said the Vi etnameseForeign Ministry’s Vice Spokesperson.

Nearly 140,000 hectares of rice area has been damaged by drought and salt water intrusion. Atotal of 339,200 hectares of 2015-16 winter-spring rice, or 22% of total rice area, in coastalMekong Delta provinces are prone to saltwater intrusion and drought. Government authoritiesfear that if the drought conditions continue till June 2016, nearly 500,000 hectares may have toremain unsown.

EU Exports 119,116 Tons of Rice inSeptember 1, 2015 - March 8, 2016; Down18% from Previous YearMar 15, 2016

According to the latest export data issued by the European Union (EU) for the crop year 2015-16(September 1, 2015 - August 31, 2016), the EU exported about 119,116 tons of rice during the

period September 1, 2015 - March 8, 2016, down about 18% from around 145,713 tons exportedduring the same period last year.

Japonica rice exports declined about 21% to around 99,173 tons in September 1, 2015 - March 8,2016 period from around 125,303 tons during the same period last year. Indica rice exports


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declined about 5% to around 19,943 tons during the said period from around 20,410 tons lastyear.

Italy remained the largest exporter in September 1, 2015 - March 8, 2016 period with around

63,440 tons followed by Spain (16,504 tons), Greece (14,383 tons), and Portugal (7,628 tons).Other EU countries imported 17,161 tons.

During the week ended March 8, 2016, the EU exported around 4,238 tons of rice, up about 13%from around 3,764 tons during the week ended March 1, 2016.

Government of Egypt Launches Crackdown on

Hoarders Amid Rice Shortages, Surging PricesMar 15, 2016


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The government of Egypt has launched a crackdown on firms it believes are hoarding rice inexpectation of getting better prices, according to according to AfricaNews.com.

Due to rice hoarding by many traders, the country is currently is facing severe rice shortagesdespite having an estimated one million tons of rice surplus. The government is not in a position

to get rice for its public distribution purposes. It was forced to increase prices to get rice fromtraders. The price paid by the government has reportedly increased by about 50% in the past twomonths. This situation has led to acute rice shortages in the country with most of theunderprivileged people not getting subsidized rice.

According to the Head of the Rice Committee of Egypt's Agricultural Export Council, Egypt produced 3.75 million tons of rice in 2015 and carried over 700,000 tons of rice from 2014. Afteraccounting for consumption of 3.3 million tons, the country will have a surplus of more than onemillion tons.

Experts have noted that the government's failure to stockpile rice during the harvest season has

led to this situation. The government has decided to take on hoarders to increase supplies of ricein the market as well as to stabilize prices.

However, the government authorities are said to be targeting rice mill owners rather than thetraders, according to the rice mill owners. Some mill owners noted that the government is not

pursuing with the real perpetrators.

“The investigators came here because they were supposed to go after th e traders, but instead theyare going after the factories and these factories aren’t under the authority of the supply ministry,they’re under the trade and industry ministry,” said one of the rice mill owners. “We have a

permanent license, we have an industrial record, we have a permit from the Industrial

Development Authority. But it’s easier for them to attack the mills – the known mills,” he adds. Expecting a surplus, the government has allowed the exports to resume, but now traders are

discouraging exports as well and are holding back supplies in expectation of rising prices

Thailand Rice Sellers Increase Their QuotesToday; India Rice Sellers Lower TheirQuotesMar 15, 2016Thailand rice sellers increased their quotes for 5% broken rice, 25% broken rice, and Hommalirice by about $5 per ton each to around $365-$375 per ton, $355-$365 per ton and $665-$675 perton, respectively, today. India rice sellers lowered their quotes for 25% broken rice and parboiledrice by about $5 per ton to around $330-$340 per ton and $350-$360 per ton respectively. OtherAsia rice sellers kept their quotes unchanged today.5% Broken Rice


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Thailand 5% rice is indicated at around $365 - $375 per ton, about $10 per ton discount toVietnam 5% rice shown at around $375 - $385 per ton. India 5% rice is indicated at around $365- $375 per ton, about $30 per ton premium on Pakistan 5% rice shown at around $335 - $345 perton.25% Broken Rice

Thailand 25% rice is indicated at around $355 - $365 per ton, about $5 per ton discount toVietnam 25% rice shown at around $360- $370 per ton. India 25% rice is indicated at around$330- $340 per ton, about $25 per ton premium on Pakistan 25% rice shown at around $305 -$315 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 $330 - $340 per ton, about $15 per tondiscount to Vietnam 100% broken rice shown at around $345 - $355 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 Rice Exports Likely to Remain Sluggishin First Quarter of 2016, Says TREA OfficialMar 15, 2016

The Honorary President of the Thai Rice Exporters Association (TREA) noted that exports

during the first quarter of 2016 are likely to be sluggish due to low demand from traditionalmarkets as well as increasing competition from India, Vietnam and Pakistan, according to localsources.He specifically noted that lack of government-to-government (G2G) deals and absenceof new demand from the Philippines and Indonesia have contributed to rice export slump.

Thai rice exports in February 2016 reportedly declined to around 700,000 tons from around 1.2million tons in January 2016. The official attributed the fall to the reluctance of rice exporters totake orders from some customers such as Nigeria due to export and currency problems faced bythem. They fear if their payments would be defaulted, he said. Local sources report that someexporters are facing liquidity problems due to export slump, stiff competition from otherexporting nations and payments from some African customers.

The TREA official, however, predicted that exports would recover in the second quarter.

Philippines Rice Stocks Decline for SecondConsecutive Month in February 2016


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Mar 15, 2016

The Philippines rice stocks declinedin February 2016 after increasingfor the previous three consecutive

months, according to the Bureau ofAgricultural Statistics (BAS).Totalrice stocks in the Philippines as ofFebruary 1, 2016 stood at around2.94 million tons, down about 8%from around 3.2 million tonsrecorded on January 1, 2015, andup about 25% from around 2.35million tons recorded during thesame period last year.According to

the BAS, household stocks (which account for about 34.2% of total rice stocks in the country)

stood at around one million tons as of February 1, 2016, down about 5% from year-ago levels.Commercial warehouse rice stocks (which account for about 32% of total stocks) have reachedaround 940,000 tons as of February 2016, up about 22% from their year-ago levels. The ricestocks with the National Food Authority (NFA) (which account for 33.8% of total stocks) stoodat around one million tons, up about 89% from around 530,000 tons recorded in February2015.Month-on-month, household rice stocks are down about 25%, commercial warehouse ricestocks are down about 3% and NFA rice stocks - in which about 85.9% are imported rice - are upabout 11%, according to the BAS.The BAS says that the Philippines' total rice stocks as ofFebruary 1, 2016 are enough to last for 87 days (household stocks are enough for 30 days,commercial warehouses stocks are enough for 29 days and stocks with NFA are enough for 28days).

Oryza U.S. Rough Rice Recap - Prices Softena Day after IGB Books Argentinian CargoMar 16, 2016

The U.S. cash market gave up yesterday’s small gains today following news that the Iraqi GrainBoard purchased 30K tons from Argentina, although farmers remain disinterested inselling.Analysts note that price of the Argentinian cargo that was booked was $93 per toncheaper than the best offer shown from the U.S.Many market participants believe that there will

be more demand coming from Iraq in the coming months; however, U.S. prices will need tosoften if the U.S. is going to stand a chance of getting that business.

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

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16th March,2016 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine