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Daily
December 3, 2014

Exclusive ORYZA E-Newsletter

DAILYCompiled
EXCLUSIVE
ORYZA E-NEWSLETTER
& Edited by Riceplus Magazine

December 03, 2014

Vol 4 Issue XII

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December 3, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

News Headlines
Oryza Afternoon Recap Chicago Rough Rice
Futures Rebound Slightly, but Close off of
Session High as Selling Increases in Afternoon
Trade
Ban on U.S. Long Grain Rice Imports; Invites
Tenders for 3,000 Tons of Long-Grain Brown
Rice
Oryza Overnight Recap Chicago Rough Rice
Futures Remain Under Pressure as Cash
Market Remains Quiet Going into Holiday
Season
Vietnam and India Rice Sellers Increase Some
Quotes Today; Thailand Rice Sellers Lower
Some Quotes Today
Global Rice Quotes
Oryza U.S. Rough Rice Recap Prices Hold as
Interest in Market Fizzles
Thai Commerce Ministry Initiates Business
Matching Project to Boost Rice Exports

News Detail.

Oryza Afternoon Recap Chicago Rough

Rice Futures Rebound Slightly, but Close off
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of Session High as Selling Increases in

Afternoon Trade
Dec 02, 2014

Chicago rough rice futures for Jan delivery settled 4.5 cents per cwt (about $1 per ton) higher at
$12.185 per cwt (about $269 per ton). Rough rice futures attempted to mount a bit of a recovery
today, following yesterdays steep decline. The market was up as much as 11.5 cents per cwt
(about $3 per ton) during mid-session trading, however the bulls were unable to maintain this
price level and an afternoon selloff saw prices dip back closer to where they had begun the day.
The market has formed an inside day today, as prices were unable to trade beyond yesterdays
trading session, and thus the significance of todays price direction will be limited and thus the
market will likely remain in a technically bearish condition in coming days. The other grains
closed sharply lower today; Soybeans closed about 2.1% lower at $9.9575 per bushel; wheat
finished about 0.6% lower at $6.0325 per bushel, and corn finished the day about 2.2% lower at
$3.8125 per bushel.
U.S. stocks rose on Tuesday, rebounding from the prior day's drop, as investors considered
better-than-expected November sales from Ford Motor, General Motors and Fiat Chrysler.
Stocks maintained gains after the Commerce Department reported construction spending rose
1.1% in October. Energy costs were on the retreat again, with crude futures for January delivery
falling $1.02, or 1.5%, to $67.95 a barrel. At or near session highs, the Dow Jones Industrial
Average rose 95.65 points, or 0.5%, to 17,872.45. The S&P 500 advanced 12.39 points, or 0.6%,
to 2,065.83, with energy pacing sector gains and telecommunications the sole laggard of its 10
major industries. The Nasdaq gained 16.86 points, or 0.4%, to 4,744.21. Gold is trading about
1.5% lower, crude oil is seen trading about 1.8% lower, and the U.S. dollar is seen trading about
0.8% higher at about 1:00pm Chicago time.Monday, there were 1,701 contracts traded, up from
748 contracts traded on Friday. Open interest the number of contracts outstanding on
Monday increased by 418 contracts to 10,182.
Tags: chicago rough rice futures, U.S. rice prices, U.S.

Taiwan Lifts Eight-Year Ban on U.S. Long

Grain Rice Imports; Invites Tenders for
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3,000 Tons of Long-Grain Brown Rice

Dec 02, 2014

Taiwan has removed the longstanding eight-year ban on U.S. long grain rice imports and has
scheduled tender for importing around 3,000 tons of U.S. long grain brown rice for December
10, 2014, according to USDA Post.Taiwan imposed ban on U.S. long grain rice imports in
summer 2006 and has not heeded to requests by the U.S. several times. Taiwan's Agriculture and
Food Agency (AFA) scheduled two tenders of 1,500 tons each on December 10. According to
the Post, this is the first time Taiwan has issued tender for U.S. long grain after it opened its rice
market in January 2002.
Taiwan's AFA issued a tender for 1,500 tons of U.S. origin long grain brown rice with amylose
content greater than or equal to 24% for delivery between May 1 - June 30, 2014. It issued
another tender for 1,500 tons of U.S. origin long grain brown rice for delivery between May 1 June 30, 2014.According to the Post, Taiwan primarily purchases California-grown
short/medium grain rice and high California rice prices are said to have given an impetus to lift
the long-standing ban on U.S. long-grain rice imports.
Tags: Taiwan rice imports, U.S. long grain rice

Oryza Overnight Recap Chicago Rough

Rice Futures Remain Under Pressure as Cash
Market Remains Quiet Going into Holiday
Season
Dec 02, 2014

Chicago rough rice futures for Jan delivery are currently trading 6 cents per cwt (about $5 per
ton) lower at $12.080 per cwt (about $266 per ton) during early floor trading in Chicago. The
other grains are seen mostly higher: soybeans are currently seen unchanged, wheat is listed about
0.9% higher and corn is noted about 0.5% lower.
U.S. stocks looked set for a higher open on Tuesday, after oil prices rose and Asian shares
closed at multi-year highs. U.S. and Brent crude oil, as well as gold, rallied overnight, following
weeks of declines. This helped mining and commodity stocks post strong gains early on
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Tuesday, with an additional boost coming from reports that the Chinese central bank might cut
bank reserve requirements. Reuters reported early on Tuesday that the People's Bank of China
might unveil a cut to banks' reserve requirements on the back of recent weak economic data.
China mainland shares closed at a fresh three-year peak, resuming their gains after snapping a
seven-session winning streak on Monday. Official factory activity data earlier this week fell to
an eight-month low, prompting talk of further stimulus. No major earnings are due on Tuesday.
Economic data out include construction spending for October, which is expected to increase.
Gold is currently trading about 1% lower, crude oil is seen trading about 1.5% lower, and the
U.S. dollar is currently trading about 0.5% higher at 8:10am Chicago time.
Tags: chicago rough rice futures, U.S. rice prices, U.S.

Vietnam and India Rice Sellers Increase

Some Quotes Today; Thailand Rice Sellers
Lower Some Quotes Today
Dec 02, 2014

Vietnam rice sellers increased their quotes for 25% broken rice and jasmine rice by about $2 per
ton and about $5 per ton respectively to around $355 - $360 per ton and around $530 - $540
today. India rice sellers increased their quotes for 5%, 25% and parboiled varieties by about $5
per ton each to around $395 - $405 per ton, around $350 - $360 per ton and around $380 - $390
per ton respectively. Thailand rice sellers lowered their quotes for Thai Ai Super rice variety by
about $5 per ton to around $355 - $365 per ton. Other Asia rice sellers kept their quotes mostly
unchanged.
5% Broken Rice
Thailand 5% rice is quoted at around $405 - $415 per ton, about $25 per ton premium on
Vietnam 5% rice shown at around $380 - $390 per ton, unchanged from yesterday. India 5% rice
is quoted at around $395 - $405 per ton, about $5 per ton premium from yesterday and about $15
per ton premium on Pakistan 5% rice quoted at around $380 - $390 per ton.
25% Broken Rice
Thailand 25% rice was last quoted at around $350 - $360 per ton, on par with Vietnam 25% rice
shown at around $350 - $360 per ton and unchanged from yesterday. India 25% rice is quoted at
around $350 - $360, about $5 per ton premium from yesterday and about $15 per ton premium
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on Pakistan 25% rice quoted at around$335 - $345 per ton.

Parboiled Rice
Thailand parboiled rice is quoted at around $405 - $415 per ton. India parboiled rice is quoted at
around $380 - $390 per ton, about $5 per ton premium from yesterday and about $40 per ton
discount to Pakistan parboiled rice quoted at around $420 - $430 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is quoted at around $355 - $365 per ton, down about $5 per ton
from yesterday and about $30 per ton premium on Vietnam 100% broken rice shown at around
$325 - $335 per ton. India's 100% broken rice is shown at around $300 - $310 per ton,
unchanged from yesterday and about $5 per ton discount to Pakistan broken sortexed rice quoted
at around $305 - $315 per ton.
Tags: Vietnam rice prices, India rice prices, Thailand rice prices, pakistan rice prices

Global Rice Quotes

December 2nd, 2014
Long grain white rice - high quality
Thailand 100% B grade
420-430
Vietnam 5% broken 380-390

India 5% broken
395-405

Pakistan 5% broken 380-390

Cambodia 5% broken 455-465

U.S. 4% broken
540-550

Uruguay 5% broken 595-605

Argentina 5% broken 595-605

Long grain white rice - low quality

Thailand 25% broken NQ

Vietnam 25% broken 355-365

Pakistan 25% broken 335-345

Cambodia 25% broken

NQ

India 25% broken

350-360

U.S. 15% broken

515-525

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Long grain parboiled rice

Thailand parboiled 100% stxd
405-415
Pakistan parboiled 5% broken stxd 420-430
India parboiled 5% broken stxd
380-390
U.S. parboiled 4% broken
580-590

Brazil parboiled 5% broken 570-580

Uruguay parboiled 5% broken

NQ

Long grain fragrant rice

Thailand Hommali 92%
915-925
Vietnam Jasmine
530-540

India basmati 2% broken

NQ

Pakistan basmati 2% broken NQ

Cambodia Phka Malis

835-845
Brokens
Thailand A1 Super 355-365

Vietnam 100% broken

325-335
Pakistan 100% broken stxd 305-315
Cambodia A1 Super NQ

India 100% Broken stxd

300-310
Egypt medium grain brokens NQ

U.S. pet food 445-455

Brazil half grain

NQ

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

Oryza U.S. Rough Rice Recap Prices Hold

as Interest in Market Fizzles
Dec 02, 2014

The U.S. cash market was unchanged today as both buyers and sellers continue to be
unimpressed with the prices they are seeing. Analysts report that the spread between the bid in
the ask was roughly $0.25-$0.50 per cwt (about $6-$11 per ton).
Buyers contend that there is little to no demand at these levels and they intend to remain hand to
mouth as it has worked out well for them this marking year while sellers would prefer hold on to

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their rice until they are forced to sell rather selling at these levels today.
Tags: U.S. rice pricees, U.S., U.S. paddy prices

Thai Commerce Ministry Initiates Business

Matching Project to Boost Rice Exports
Dec 02, 2014

Thailand's Commerce Ministry has arranged for a

business matching project where nearly 40 rice
importers from 15 countries will meet with nearly
100 Thai rice exporters to discuss rice trade for the
next few years, according to local sources. The
project, which is scheduled for December 02-03,
2014, is expected to increase the value of Thai rice
exports significantly next year. A wide group of
importers from North America, Europe, Latin
America and Africa.The Commerce Minister told
local sources that importers represent department
stores, retail stores, super markets and general traders from various countries and are inclined for
purchasing rice and rice-based products as well as food and beverages, household appliances and
home decor from Thailand. He noted that importers are guided through Thai rice farms and mills
to give them assurance about the quality of Thai rice. He also added that the government is keen
on adding newer export markets while retaining the existing ones.
He hinted at a possible government-to-government (G2G) contract with China, which will be
signed later this month. China is expected to buy nearly 2 million tons of rice from Thailand
starting next year.The Minister added that the Department of International Trade Promotion is
planning to release export strategies for various products, including rice, for 2015 by the end of
this month. He said the government targets to increase country's next year's exports, including
those of rice, by about 4%.Thailand has exported around 7.56 million tons of rice in the first nine
months (January - September) of 2014, up about 15% from around 6.6 million tons exported
during the same period in 2013, according to data from Thai Rice Exporters Association
(TREA). The TREA is expecting Thailand to export over 11 million tons of rice in 2014.
Tags: Thai rice exports, Thai Commerce Ministry, Thai Rice Exporters Association (TREA)

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