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TOP Contents - Tailored for YOU
Latest News Headlines

Rice Paddy Absorbs Rather Emits Carbon, Study Shows
India Rice Sellers Increase Some of Their Quotes; Other Asia Rice Quotes Unchanged Today
Rice Derived Insecticide Shows Promise
Oryza U.S. Rough Rice Recap - Prices Hold Steady with Buyers Reluctant to Pay Higher Prices
Oryza Rice Currency Analysis for Today Thailand Baht Rallies 0.6%
Oryza Rice Currency Analysis for Today Thailand Baht Rallies 0.6% Oryza Afternoon Recap - Chicago
Rough Rice Futures Finish with Mixed Results as Old Crop/New Crop Spread Narrows
Increasing Salinity Levels in Bangladesh Poses Challenge to Rice Scientists; New Salinity Tolerant Rice
Varieties Fail to Sustain High Salinity Levels
Thailand Hopes to Regain 70-80% Share in Hong Kong Fragrant Rice Market over Next Three-to-Five
Years
FAO Estimates Vietnam Rice Exports Will Increase to 7.2 Million Tons in 2014, Up 8% from Previous
Year Government of Thailand Auctions 450,000 Tons Rice; Doubts over Election Date Continue as
Government Postpones Meeting with Election Commission
Oryza Overnight Recap - Chicago Rough Rice Futures Paused a Cent-and-a-Half Higher on Low
Overnight Volume
FAO Estimates Japan Paddy Rice Production to Decline to 10.6 Million Tons in 2014, Down 1.5% from
Previous Year
Oryza Global Rice Quotes
Rice Paddy Absorbs Rather Emits Carbon, Study Shows

May 14, 2014


A study conducted by the Central Rice Research Institute inCuttack, India, showed that rice paddy in flooded
fields during cultivation absorbs rather than emits carbon. The study showed that carbon inputs -photosynthesis,
algal biomass and organic carbon added as manure - exceed output, thus concluding that rice paddy absorbs
carbon.According to the latest report by the Intergovernmental Panel on Climate Change, flooded paddy fields
in tropical countries account for up to 11% of man-made global methane emissions, estimated at between 493 -
723 million tons of carbon dioxide equivalents a year. However, while the emissions are considerable they may
be less than the carbon absorbtion.

Scientists conducted research on two hectares of rice field during 2012-13, in both the wet season (July-
Nov)and the dry season (Jan - May), to measure the amount of carbon dioxide and methane produced in rice
field. The study showed that methane production was higher during the initial growth stages of the rice plant.As
all plants, rice paddy also takes carbon dioxide from the air to make food and releases some of it during
respiration; and post-harvest decaying rice stalks and organic matter in the paddies release carbon back to the
soil, the study showed.The scientists used the eddy covariance method to measure accurately carbon dioxide
and methane emissions. Then they calculated the amount of carbon lost during harvest, dissolution in water,
fire, erosion and bacterial production of methane, to calculate the net carbon balance.

A scientist told SciDev.Net, Although methane was a source of carbon loss, considering all the components of
carbon balance, this ecosystem has a good potential to store a considerable amount of carbon.Generally,
during the growing season of a flooded rice field, there is a net carbon uptake because a lot of carbon dioxide is
being absorbed by the plant through photosynthesis and only part of it is released to the atmosphere through
respiration, also told Ma. Carmelita Alberto, a researcher with the International Rice Research Institute, Manila
to SciDev.Net. She added, Further studies are needed to check if other rice varieties, and other modes of rice
cultivation, also act as carbon sinks.

Tags: Climate change, global warming, greenhouse gases, Rice farming, paddy fields, carbon emissions

India Rice Sellers Increase Some of Their Quotes; Other Asia Rice Quotes
Unchanged Today
May 14, 2014
India rice sellers increased their quotes for 5% broken rice and 25% broken rice by about $5per ton and about
$10 per ton respectively to about $420 - $430 per ton and $380 - $390 per ton respectively today. Other Asia
rice sellers kept their quotes mostly unchanged.

5% Broken Rice
Thai 5% rice (of new crop) is quoted around $370 - $380 per ton, about $35 per ton discount to Viet 5% rice
shown around $405 - $415 per ton.
Indian 5% rice is quoted around $420 - $430 per ton, up about $5 per ton from yesterday and on par with Pak


5% rice quoted around $420 - $430 per ton.

25% Broken Rice
Thai 25% rice of the old crop is quoted about $340 - $350 per ton, about a $25 per ton discount to Viet 25% rice
shown around $365 - $375 per ton.
Indian 25% rice is quoted around $380 - $390 per ton, up about $10 per ton from yesterday and about $10per
ton premium over Pak 25% quoted around $370 - $380 per ton.

Parboiled Rice
Thai parboiled rice of the old crop is quoted around $405 - $415 per ton.
Indian parboiled rice is quoted around $395 - $405 per ton, about $40 per ton discount to Pak parboiled rice
quoted around $435 - $445 per ton.

100% Broken Rice
Thai broken rice, A1 Super, of the old crop is quoted around $300 - $310 per ton, about a $35 per ton discount
to Viet broken rice shown around $335 - $345 per ton.
Indian broken sortexed rice is quoted around $300 - $310 per ton, about a $25 per ton discount to Pak broken
sortexed rice quoted around $325 - $335 per ton.

Tags: asian quotes, asia quotes, asia rice trade, Global rice trade

Rice Derived Insecticide Shows Promise
May 14, 2014
The Journal of Plant Science recently published a study on the insecticidal properties of Orysata (Oryza sativa
L.), a carbohydrate-binding protein called a lectin, that comes from rice. To test the effectiveness of Orysata as
an alternative method of pest control, researchers investigated its influence on three prevalent insect pests: the
beet armyworm (Spodoptera exigua), green peach aphid (Myzus persicae), and the pea aphid (Acyrthosiphon
pisum). Since the level of Orysata expression is low in rice tissue, plant scientists produced genetically modified
tobacco plants that overexpressed the lectin.

The insect pests were fed an artificial diet of the tobacco leaves that were generated with varying
concentrations of Orysata, allowing researchers to observe its effects on the pests. Scientists found that both
armyworm and aphid larva experienced significant mortality, lack of larval weight gain, and retardation in their
growth. Pea aphids, in particular, experienced those symptoms even on doses of lectin that were 50% lower than
the lethal concentration.The results of the study showed that Orysata does possess strong insecticidal properties
allowing agronomists to consider it a valuable addition to the insecticide market. This discovery may
encourage farmers to breed modified rice containing higher concentrations of Orysata to provide natural pest
resistance. The method is currently being used in modified species of tomato, sugarcane, tobacco, maize, and
mustard.


Tags: Rice research, rice genetics, insecticides, lectins
Oryza U.S. Rough Rice Recap - Prices Hold Steady with Buyers Reluctant to Pay
Higher Prices
May 14, 2014
As of today, old crop offers could be found around $16.11 per cwt fob farm (about $355 per ton) for May-June
shipment although most sellers are looking for at least $16.66 per cwt fob farm (about $367 per ton).Bids from
most larger mills were unchanged today around $15.05 per cwt (about $332 per ton) for May-June delivery
while bids for exporters increased to around $16.00 per cwt (about $353 per ton), for the same delivery period.
However, neither of those bids received much interest as smaller mills are still said to be paying around $16.10
per cwt fob farm (about $355 per ton) for prompt shipment.

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

May 14, 2014
U.S. dollar index was down -0.10% from the open today, when it traded at 80.065 at the close.

Euro was stronger +0.05% by the close, trading around 1.3710 by end of day, after trading between an intraday
high of 1.3731 and low of 1.3698.

Thai baht was stronger +0.58%, trading at 32.423 at the close of business.

Indian rupee was unchanged at 59.6700.

Brazilian real was stronger +0.31% at the close of trading today, trading at 2.2084 reais per dollar.

Pakistan rupee was -0.09% weaker at 98.6645.

Vietnamese dong was weaker -0.05 at 21108.

Mexican peso was stronger +0.03% today, when it traded at 12.9018 pesos per dollar by the close of business.

Chinese yuan was unchanged at 6.2287.


Argentine peso was weaker -0.14% at 8.0318 pesos per dollar.
Tags: foreign exchange rates, rice currencies, Global rice trade
May 14, 2014
U.S. dollar index was down -0.10% from the open today, when it traded at 80.065 at the close.

Euro was stronger +0.05% by the close, trading around 1.3710 by end of day, after trading between an intraday
high of 1.3731 and low of 1.3698.

Thai baht was stronger +0.58%, trading at 32.423 at the close of business.

Indian rupee was unchanged at 59.6700.

Brazilian real was stronger +0.31% at the close of trading today, trading at 2.2084 reais per dollar.

Pakistan rupee was -0.09% weaker at 98.6645.

Vietnamese dong was weaker -0.05 at 21108.

Mexican peso was stronger +0.03% today, when it traded at 12.9018 pesos per dollar by the close of business.

Chinese yuan was unchanged at 6.2287.

Argentine peso was weaker -0.14% at 8.0318 pesos per dollar.

Tags: foreign exchange rates, rice currencies, Global rice trade

Oryza Afternoon Recap - Chicago Rough Rice Futures Finish with Mixed Results as
Old Crop/New Crop Spread Narrows

May 14, 2014
Chicago rough rice futures for Jul delivery settled 4.5 cents per cwt (about $1 per ton) lower at $15.280 per cwt
(about $337 per ton). Rough rice futures finished the day with mixed results, with old crop May and July
contracts moving lower while new crop futures advanced as the market attempts to encourage acreage ahead of
planting. Todays action in the active July contract is seen as a bearish development as the market broke below


nearby technical support, noted at $15.300 per cwt (about $337 per ton), a level that had provided a price floor
for the market for the previous weeks. In addition the lower Bollinger band is noted around $15.240 per cwt
(about $336 per ton) and this point will likely come into play tomorrow on a follow-through attempt by the
bears to drag prices lower, however this indicator also provides the current price objective.

The other grains ended the day with varied results, as soy products showed strength while corn and wheat
weakened; soybeans closed about 0.4% higher at $14.8675 per bushel; wheat finished about 2.7% lower at
$6.9025 per bushel, and corn finished the day about 1.4% lower at $4.9550 per bushel.U.S. stocks declined on
Wednesday, with the Dow and the S&P 500 coming off record highs, as the 10-year Treasury yield broke below
a key support, viewed by some as signaling an economic slowdown and a reason to sell riskier assets. The 10-
year Treasury yield, used in figuring mortgage rates and other consumer loans, fell to a six-month low, dropping
7 basis points to 2.545%. It earlier hit a low of 2.5258, its lowest since Oct. 31.

After a five-session streak of gains, the Dow Jones Industrial Average declined 55.90 points, or 0.3%, to
16,659.54. The S&P 500 shed 5.13 points, or 0.3%, to 1,892.32, with consumer discretionary falling hardest
among its 10 sectors and telecommunications faring best. Extending declines into a second session, the Nasdaq
dropped 5.04 points, or 0.1%, to 4,125.12. Gold is trading about 0.8% higher, crude oil is seen trading about
0.7% higher, and the U.S. dollar is seen trading about 0.1% lower at about 1:00pm Chicago time.Tuesday,
there were 311 contracts traded, down from 361 contracts traded on Monday. Open interest the number of
contracts outstanding on Tuesday increased by 16 contracts to 8,208.

Tags: U.S. rice prices; U.S. rice market; Chicago rough rice futures
Increasing Salinity Levels in Bangladesh Poses Challenge to Rice Scientists; New
Salinity Tolerant Rice Varieties Fail to Sustain High Salinity Levels

May 14, 2014
Increasing levels of salinity, due to rising sea levels, is posing a challenge for rice scientists in Bangladesh.
Researchers say increasing levels of salinity could ruin several hectares of arable coastal land in the country.
Scientists have been trying to develop newer varieties of rice that can tolerate higher salinity, but salinity levels
in the coastal districts of the country have surpassed levels that new rice varieties can sustain.

Seven new salinity tolerant rice varieties developed by the Bangladesh Rice Research Institute (BRRI) and the
Bangladesh Institute of Nuclear Agriculture (BINA) - Brri Dhan 40, Brri Dhan 41, Brri Dhan 53, Brri Dhan 54,
Brri Dhan 47, Brri Dhan 61 and Bina Dhan 8 - have failed to sustain high salinity levels in some of the coastal
districts, according to local sources.While BRRI and BINA developed rice varieties that can withstand salinity
levels up to 8 deci Siemens per meter (dS/M), the salinity levels in nearly five coastal districts - Khulna,
Patuakhali, Satkhira, Bagerhat and Barguna are ranging between 8 dS/M and 16 dS/M, according to the Soil
Resource Development Institute (SRDI). However, the Director General (DG) of BRRI says paddy cannot be


made tolerant to salinity levels beyond 12 dS/M.SRDI classifies salinity into four levels based on the degree of
salinity per meter.According to a study by SRDI, salinity affected land in 19 coastal districts of Bangladesh and
totals around one million hectares, up about 22% from about 833,000 hectares in 1973.Currently, Bangladesh
rice farmers use high-yielding non-salinity-tolerant hybrid varieties which can withstand up to 0.7 dS/M. The
new varieties developed by BRRI and BINA also proved to be low-yielding and highly irrigation dependent,
say experts.

They noted that rice farmers are reluctant to
experiment with newer varieties giving lower
yields, despite them being salinity-tolerant
varieties. The BRRI said rice farmers could opt
for other crops such as soybean, maize, barley
and sugarcane to avoid salinity induced losses
from rice production.The USDA estimates
Bangladeshs rice production at 35.6 million tons
in MY 2013-14 (July 2013 June 2014), up
about 5% from an estimated 33.8 million tons in MY 2012-13. However, due to rising consumption needs, the
country is still expected to import about 300,000 tons of rice in 2014, up from about 213,000 tons in 2013.

Tags: Bangladesh rice production, rising salinity, rising sea levels, Climate change
Thailand Hopes to Regain 70-80% Share in Hong Kong Fragrant Rice Market over
Next Three-to-Five Years


May 14, 2014

Thailand is hopeful of regaining its share in Hong Kong's jasmine fragrant rice market, which it had been losing
to Vietnam over the last few years, according to local sources.Hong Kong is one of main destinations for Thai
fragrant rice and Thailand's Commerce Ministry is adopting a three-to-five-year strategy plan to regain its share
in Hong Kong's rice market in a phased manner, according to the Trade Commissioner of the Thai Trade Center
in Hong Kong.

Thailand's share in Hong Kong's rice market declined to around 46% in 2013 from about 86% in 2008, while
Vietnam's share increased to about 41% in 2013 from almost nothing in 2008, according to the USDA Post in
Hong Kong. Trade sources say Vietnam replaced Thailand in Hong Kong mainly due to price competitiveness
offered by Vietnamese exporters. In 2013, the average import price from Vietnam stood at $671 per ton
compared to Thailand's price of $1,178 per ton, according to the USDA Post.

Thailand is planning to increase its share in Hong Kong's fragrant rice market to 60% in 2014 and to about 70 -
80% over the next three-to-five years. He says Thailand's Commerce Ministry is planning to invite large
exporters in Hong Kong to attend the "Thaifex - World of Food Asia" fair, which will take place from May 21 -
25, 2014, in an attempt to rebuild trade relations with them.Trade sources say share of Thai fragrant rice has
increased to 50% in March 2014, from about 47-48% in the first two months of this year. Thailand exported
155,000 tons of fragrant rice to Hong Kong, down about 35% from about 238,000 tons exported in
2003.Thailand government is in the process of accelerating sales of its rice stocks, accumulated from the rice
pledging scheme, and is planning to sell about one million tons every month. Local sources say the government
still has 10 million tons of stocks in its warehouses.

Tags: Thailand rice exports, Hong Kong rice imports, Vietnam rice exports, asia rice trade

FAO Estimates Vietnam Rice Exports Will Increase to 7.2 Million Tons in 2014, Up
8% from Previous Year

May 14, 2014
The UN's Food and Agriculture Organization (FAO) has estimated Vietnam's milled rice exports to increase to
about 7.2 million tons in 2014, up about 8% from about 6.7 million tons in 2013 due to higher production and
increased export demand from Asian countries such as Indonesia, Malaysia, China and the Philippines backed
by low prices. In 2012, Vietnam exported about 7.6 million tons.However, in the last week the Vietnam Food
Association (VFA) lowered its 2014 rice export target to 6.2 million tons from the earlier target of 6.5 - 7
million tons due to heavy competition from India and Thailand.


USDA estimates Vietnam to export 6.5 million tons of rice in 2014.Vietnam exported 1.82 million tons of rice
in January 1 - May 8, 2014 period, according to the VFA, down about 35% from about 2.8 million tons
exported during the same period in 2013.In its country brief on Vietnam, the FAO has estimated Vietnam's total
paddy rice production at about 44.2 million tons (around 27.6 million tons of milled rice) in 2014, marginally
higher than about 44 million tons (around 27.5 million tons of milled rice) produced in 2013. The UN agency
however, forecasts Vietnam's paddy rice production from 2014 winter/spring crop at 20.3 million tons, similar
to last year's production, despite shifting part of the rice area to other crops, due to higher yields, favorable
weather conditions, and adequate water supplies.

Domestic wholesale prices of rice continued to decline in April due to increased supplies from the 2013-14
main season winter-spring (January July) harvest and lower cross-border exports to China, according to the
FAO. The one million ton government procurement program, which began in mid-March, limited the decline in
prices to some extent, but are generally low, says the FAO. The VFA has expressed concern about the
dependency of Vietnam rice exports on the Chinese market, both official and unofficial exports. Local sources
note that some Chinese buyers have also defaulted on payments, another risk.

Tags: Vietnam rice exports, Vietnam Food Association (VFA), USDA, Food and Agricultural Organization (FAO)
Government of Thailand Auctions 450,000 Tons Rice; Doubts over Election Date
Continue as Government Postpones Meeting with Election Commission

May 14, 2014
Thailand's Ministry of Commerce (MOC) has put up around 450,000 tons of rice for auction to the public today,
according to local sources.The MOC is planning to sell the rice by the end of this week in order to raise money
to pay the Ministry of Finance (MOF) towards the 20 billion baht (around $612 million) it borrowed from the
Central Budget to make payments to farmers. The MOC is supposed to repay the money by May 31, 2014.
Sources from the MOC told local media that the rice being auctioned is meant for both domestic consumption
as well as exports. The Commerce Ministry is also planning to auction another 220,000 tons of rice through the
Agricultural Futures Exchange of Thailand (AFET).

Meanwhile, the government has postponed its meeting with the Election Commission (EC), originally
scheduled for today, to tomorrow due to concerns regarding venue of the meeting. The government wants to
ensure that anti-government protestors would not cause interruptions to the meeting. The caretaker Prime
Minister said the government was doing its duty to uphold law and order in the country.The Election
Commissioner told local sources that the meeting would mainly focus on the date of the election and review of
the caretaker Prime Minister's powers regarding submitting the election decree for royal endorsement. He
affirmed that the EC is keen on holding the general election as early as possible, to ensure that the political
condition in the country is stabilized.


The Center for the Administration of Peace and Order (CAPO) urged the Senate not to appoint an interim Prime
Minister, as being requested by anti-government groups, as it would amount to un-parliamentary selection and
may also lead to violence in the country. (Foreign media is referring to the caretaker Prime Minister as the
interim Prime Minister). Separately, the Rice Department is planning to hold a seminar on Good Manufacturing
Practices (GMP) for rice millers and agricultural cooperatives focusing on quality assurance aspects, according
to the Department's Director. He noted that the department wants to ensure that about 38,000 rice mills in the
country are supervised for quality assurance.

Oryza Overnight Recap - Chicago Rough Rice Futures Paused a Cent-and-a-Half
Higher on Low Overnight Volume
Chicago rough rice futures for Jul delivery were paused 1.5 cents per cwt (about $0.33 per ton) higher overnight at
$15.340 per cwt (about $338 per ton) as of 8:00am Chicago time. The other grains are seen lower this morning ahead of
floor trading in Chicago: soybeans are currently seen a touch lower, wheat was paused about 0.7% lower, and corn is
noted about 0.1% lower. U.S. stock index futures remained lower on Wednesday after the government reported wholesale
prices increased the most in more than a year in April.

U.S. producer prices increased 0.6% in April, versus a 0.2% estimate. This follows a strong session on Wall
Street on Tuesday, when the S&P 500 crossed 1,900 points for the first time and the Dow reached an intraday
record of 16,735. Applications for mortgages edged a bit higher last week, as rates fell to their lowest level
since November, the Mortgage Bankers Association reported. U.S. stock index futures are currently trading
about 0.2% lower, gold is currently trading about 1% higher, crude oil is seen trading about 0.4% higher, and
the U.S. dollar is currently trading about 0.1% lower at 8:00am Chicago time.

FAO Estimates Japan Paddy Rice Production to Decline to 10.6 Million Tons in 2014,
Down 1.5% from Previous Year
The UN's Food and Agriculture organization (FAO) has estimated Japan's paddy rice production to decline to
about 10.6 million tons (around 7.2 million tons of milled rice) January-December 2014, down by about 1.5%
from about 10.76 million tons (around 7.3 million tons of milled rice) due to a slight decline in planting area, in
its country brief on Japan. Planting of the 2014 rice crop began in April and will continue until the end of May,
according to the FAO.The FAO estimates Japan to import 700,000 tons of rice in the 2014-15 marketing year
(April 2014 - March 2015).USDA estimates Japan's milled rice production at 7.83 million tons and imports at
700,000 tons in MY 2013-14 (November 2013 - October 2014) to meet the consumption needs of around 8.25
million tons.
Oryza Global Rice Quotes
May 14th, 2014
Long grain white rice - high quality


Thailand 100% B grade 385-395
Vietnam 5% broken 405-415
India 5% broken 420-430
Pakistan 5% broken 420-430
Cambodia 5% broken 435-445
U.S. 4% broken 580-590
Uruguay 5% broken 620-630
Argentina 5% broken 615-625
Long grain white rice - low quality
Thailand 25% broken 340-350
Pakistan 25% broken 370-380
Cambodia 25% broken 410-420
India 25% broken 380-390
U.S. 15% broken 555-565
Long grain parboiled rice
Thailand parboiled 100% stxd 405-415
Pakistan parboiled 5% broken stxd 435-445
India parboiled 5% broken stxd 395-405
U.S. parboiled 4% broken 660-670
Brazil parboiled 5% broken NQ
Uruguay parboiled 5% broken NQ
Long grain fragrant rice
Thailand Hommali 92% 935-945
Vietnam Jasmine 525-535
India basmati 2% broken NQ
Pakistan basmati 2% broken NQ
Cambodia Phka Malis 865-870
Brokens
Thailand A1 Super 300-310
Pakistan 100% broken stxd 325-335
Cambodia A1 Super 350-360
India 100% Broken stxd 300-310
Egypt medium grain brokens NQ
U.S. pet food 470-480
Brazil half grain NQ
Medium grain milled
U.S. Calrose 4% broken 1070-1080
Egypt medium grain 6% NQ

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

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