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June 11 ,2015

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Argentina Exports 92,512 Tons of Rice in


First Three Months of 2015; Down 25% from
Previous Year
Jun 10, 2015

Argentina has exported around 92,512 tons in the first three months of 2015 (January - March)
down about 25% from around 123,882 tons exported during the same period in 2014, according
to data from the Ministry of Agriculture in Argentina. In March 2015, Argentina exported
around 37,589 tons of rice, down about 11% from around 42,161 tons in February 2015 and
down about 26% from around 50,542 tons exported in March 2014.Argentina exported around
29,067 tons of rice to Cuba (about 77% of total March 2015 exports), around 3,354 tons of rice
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to Chile (about 9% of March 2015 exports), around 2,252 tons of rice to Bolivia (about 6% of
March 2015 exports), and around 1,291 tons of rice to Brazil (about 3% of March 2015 exports)
in March 2015. It exported the remaining 4% or around 1,625 tons of rice to Belgium (500 tons),
Canada (259 tons), Denmark (61 tons), the U.S. (324 tons), Israel (92 tons), Nicaragua (360 tons)
and Paraguay (29 tons) during the month.

Global Rice Quotes


June 11th, 2015

Long grain white rice - high quality


Thailand 100% B grade 365-375

Vietnam 5% broken

350-360

India 5% broken

375-385

Pakistan 5% broken

380-390

Myanmar 5% broken

415-425

Cambodia 5% broken

430-440

U.S. 4% broken 465-475

Uruguay 5% broken

565-575

Argentina 5% broken

555-565

Long grain white rice - low quality


Thailand 25% broken

340-350

Vietnam 25% broken

330-340

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Pakistan 25% broken

335-345

Cambodia 25% broken 410-420

India 25% broken

360-370

U.S. 15% broken

455-465

Long grain parboiled rice


Thailand parboiled 100% stxd

360-370

Pakistan parboiled 5% broken stxd

410-420

India parboiled 5% broken stxd 355-365

U.S. parboiled 4% broken

555-565

Brazil parboiled 5% broken

570-580

Uruguay parboiled 5% broken NQ

Long grain fragrant rice


Thailand Hommali 92% 840-850

Vietnam Jasmine

475-485

India basmati 2% broken

NQ

Pakistan basmati 2% broken

NQ

Cambodia Phka Mails

820-830

315-325

Vietnam 100% broken 315-325

Brokens
Thailand A1 Super

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Pakistan 100% broken stxd


Cambodia A1 Super

295-305

350-360

India 100% broken stxd 280-290

Egypt medium grain brokens

NQ

U.S. pet food

365-375

Brazil half grain NQ

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

Brazil Rice Stocks Stand at 128,119 Tons in


May 2015; Down 4% m/m and 77% y/y

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Jun 10, 2015

Brazil rice stocks stood at around 128,119 tons in May 2015, down about 4% from around
134,126 tons in April 2015 and down about 77% from around 554,554 tons in May 2014,
according to the country's national grain supplying agency Conab.According to Conab, rice
stocks with the Selling Option Contract of Agricultural Products (OPCAO) have declined to
around 75,732 tons, down about 7% from last month's level of around 81,570 tons and down
about 78% from around 342,502 tons in May 2014. Rice stocks with Federal Government
Acquisition (AGF) remained at last month's level of 52,213 tons and down about 75% from
around 211,230 tons in May 2014. Rice stocks with farmers (Agricultural Familiar) stood at
around 174 tons in May 2015, down 49% from around 343 tons in April 2015 and down about
79% from around 822 tons in May 2014.
In May 2015, Brazils National Grains Supply Company (Conab) has forecasted the country's
2014-15 paddy rice production at around 12.399 million tons (around 8.43 million tons, basis
milled), up about 2% from around 12.121 million tons (around 8.24 million tons, basis milled) in
2013-14, and slightly up from its April forecast of around 12.397 million tons.

Brazil Exports 482,926 Tons of Rice in First


Five Months of 2015
Jun 10, 2015

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Brazil has exported around 482,926 tons of rice in the first five months (January May) of 2015,
according to data released by the Rice Institute of Rio Grande do Sul (IRGA).In May 2015,
Brazil exported around 171,567 tons of rice, about 3.5 times more than 48,980 tons exported in
April 2015.Cuba remained the largest importer of Brazilian rice in May 2015 with around 85,294
tons, or about 50% of Brazil's total rice exports during the month. Sierra Leone accounted for
around 28,235 tons (about 16% of Brazil's total exports during the month); Switzerland
accounted for around 14,559 tons (about 8.5% of Brazil's total exports during the month);
Gambia accounted for 11,765 tons (about 7% of Brazil's total exports during the month); and
Peru accounted for around 8,566 tons (about 5% of Brazil's total exports during the
month).Senegal (5,147 tons), Bolivia (1,812 tons), U.S. (1,977 tons), Saudi Arabia (3,305 ton),
Cape Verde (2,280 tons), Trinidad Tobago (1 ton), Costa Rica (368 tons), Chile (768 tons),
Angola (1,215 tons), Panama (221 tons), Belgium (368 tons), Canada (73 tons), South Africa (74
tons) and others (5,549 tons) accounted for the remaining 13% of Brazil's total rice exports in
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May 2015.Brazil exported around 1.24 million tons of rice in 2014, up about 2.4% from around
1.209 million tons exported in 2013, according to data from IRGA.

India Rice Stocks in Central Pool Stand at


22.485 Million Tons as of June 1, 2015; Down
20% from Last Year
Jun 10, 2015

Indias rice stocks in the central pool as of June 1, 2015 stood at around 22.485 million tons
(including a milled equivalent of about 9.234 million tons of paddy), down about 20% from
around 28.03 million tons recorded during the same period last year, according to data from the
Food Corporation of India (FCI).Month-over-month, India's rice stocks in the central pool are
slightly up from around 22.23 million tons recorded on May 1, 2015. However, current rice
stocks are about 84% more than the required buffer and strategic reserve norms of around 12.2
million tons for this time of the year, according to the FCI.

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Total food grain stocks (including rice and wheat) in the central pool stand at around 63.02
million tons as of June 1, 2015, down about 11% from last year's stock of around 70.805 million
tons and up about 11% from last month's stock of around 56.586 million tons. Wheat stocks
stand at around 40.351 million tons, down about 3% from last year's stock of around 41.586
million tons and up about 18% from last month's stock of around 34.127 million tons.The
government of India had revised the buffer norms for food grains, including rice, in the Central
Pool in January this year. According to the new norms, buffer stocks for food grains to be
maintained with the FCI at this part of the year is 21.04 million tons. Current norms are 21.2
million tons.

Oryza Afternoon Recap - Chicago Rough


Rice Futures Dragged Down as Bearish
Wheat S&D Report Sends Grain Complex
Lower
Jun 10, 2015

rice futures for Jul delivery settled 11 cents per cwt (about $2 per ton) lower at $9.870 per cwt
(about $218 per ton). The other grains closed lower as wheat dragged the complex lower in
response to a bearish USDA S&D report; Soybeans closed about 0.2% lower at $9.4950 per
bushel; wheat finished about 3.5% lower at $5.1350 per bushel, and corn finished the day about
2.1% lower at $3.5725 per bushel.U.S. stocks traded 1% higher on Wednesday in light volume as
the rise in yields on signs of global economic growth encouraged investors, amid encouraging
reports on Greece. The Dow Jones industrial average extended gains to trade 250 points higher
as traders cheered a Bloomberg report that Germany is said to consider offering Greek Prime
Minister Alexis Tsipras aid in return for committing to one economic reform, sources familiar
with Germany's position told the news service.
In response, a government spokesman told Reuters that Germany will only accept a deal between
Athens and its creditors if it has the approval of all three lending operations. Traders also noted
short covering in Wednesday's broad-based stock rally, which sent the Dow as much as 280
points higher. In economic news, total weekly mortgage applications, showed an 8.4% jump on a
seasonally adjusted basis as buyers rushed to get mortgages ahead of rising rates. The Dow Jones
industrial average hasn't closed above the psychologically key level of 18,000 for the last four
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trading sessions. The S&P has held within a range between 2,070 and 2,130 since early May.
The Dow Jones Industrial Average traded up 255 points, or 1.44%, at 18,019. The S&P 500
traded up 26 points, or 1.29%, at 2,106, with information technology leading all 10 sectors
higher. The Nasdaq traded up 67 points, or 1.36%, at 5,081. Gold is trading about 0.7% higher,
crude oil is seen trading about 1% higher, and the U.S. dollar is seen trading about 0.5% lower at
about 1:00pm Chicago time.Tuesday, there were 948 contracts traded, up from 506 contracts
traded on Monday. Open interest the number of contracts outstanding on Tuesday increased
by 272 contracts to 12,034.

Oryza Overnight Recap Chicago Rough


Rice Futures Little Changed ahead of USDA
S&D Update
Jun 10, 2015

Chicago rough rice futures for Jul delivery are currently seen trading 0.5 cents per cwt (about
$0.11 per ton) higher at $9.975 per cwt (about $220 per ton) during early floor trading in
Chicago. The other grains are seen trading higher; soybeans are currently seen trading about
0.6% higher, wheat is listed about 0.7% higher and corn is currently noted about 0.3%
higher.U.S. stock futures pointed to a slightly higher open for Wall Street shares on Wednesday,
as focus once again turned to rising yields in government bond markets.
The yield on the benchmark 10-year Treasury climbed to a new eight-month peak of around
2.47% in the European session, pulled higher as the German Bund yield pushed above the 1%
psychological barrier. In morning London trade, stock futures for the Dow Jones industrial
average, S&P 500 and Nasdaq all traded in positive territory. There is no significant economic
data due this session.Total weekly mortgage application volume jumped 8.4% on a seasonally
adjusted basis as buyers rushed to get mortgages ahead of rising rates.
U.S. stocks closed narrowly mixed on Tuesday as investors weighed a rise in U.S. bond yields
following further signs of improvement in the jobs market that could encourage the Federal
Reserve to raise rates sooner rather than later. Gold is currently trading about 1% higher, crude
oil is seen trading about 2.4% higher, and the U.S. dollar is currently trading about 0.6% lower
at 8:30am Chicago time.
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Oryza U.S. Rough Rice Recap - Market


Shrugs off WASDE Report; Prices Hold
Steady
Jun 10, 2015

The U.S. cash market was unchanged following todays USDA WASDE report which was
mostly a non-event, showing a slightly bearish outlook for U.S. long grain stocks and a more
favorable outlook for global stocks.The USDA increased their old crop long grain ending stocks
by 0.5 million cwts (22,680 tons) on account of increased long grain imports which in turn
pegged ending stocks at 28.6 million cwts (1.30 million tons).As for new crop, the USDA left all
of their production, usage, and export figures unchanged however they increased their long grain
import figure by 0.5 million cwts (22,680 tons).
This is in turn put next years long grain ending stocks at 35.1 million cwts (1.59 million ton) or
6.5 million cwts (0.29 million tons) more than the 2014/2015 marketing year and 18.9 million
cwts (0.86 million tons) more than the 2013/2014 marketing year.

Pakistan Rice Sellers Lower Some of Their


Quotes Today; Other Asia Rice Quotes
Unchanged
Jun 10, 2015

Pakistan rice sellers lowered their quotes for 5% broken rice by about a $5 per ton to around
$385 - $395 per ton today. Other Asia rice sellers kept their quotes mostly
unchanged.
5% Broken Rice
Thailand 5% rice is indicated at around $355 - $365 per ton, about a $5 per ton premium on
Vietnam 5% rice shown at around $350 - $360 per ton. India 5% rice is indicated at around $375
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- $385 per ton, about a $15 per ton discount to Pakistan 5% rice shown at around $385 - $395 per
ton, down about a $5 per ton from yesterday.
25% Broken Rice
Thailand 25% rice is shown at around $340 - $350 per ton, about a $10 per ton premium on
Vietnam 25% rice shown at around $330- $340 per ton. India 25% rice is indicated at around
$360 - $370, about $10 per ton premium on Pakistan 25% rice shown at around $350 - $360 per
ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $360 - $370 per ton. India parboiled rice is
indicated at around $355 - $365 per ton, about a $55 per ton discount to Pakistan parboiled rice
shown at around $410 - $420 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is indicated at around $315 - $325 per ton, on par with Vietnam
100% broken rice shown at around $315 - $325 per ton. India's 100% broken rice is shown at
around $280 - $290 per ton, about a $15 per ton discount to Pakistan broken sortexed rice shown
at around $295 - $305 per ton.

Thailand Rice Exports Decline Sharply in


April 2015
Jun 10, 2015

Thai rice exports declined sharply in April 2015 after increasing continuously for three months
since the beginning of this year, according to data from Thai Rice Exporters Association
(TREA). Thailand has exported around 700,011 tons of rice in April 2015, down about 11%
from around 785,891 tons exported in March 2015, and down about 5% from around 737,648
tons exported in April 2014, according to TREA. The decline is attributed to falling global rice
prices. Earlier, a TREA official noted that importers are holding their demand with an
expectation of further fall in prices.

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In value terms, Thailands rice exports earned about $340.10 million from total rice exports in
April 2015, down about 12% from around $384.9 million earned in March 2015, and down about
4% from around $353.7 million earned in April 2014.In April 2015, white rice exports accounted
for around 301,843 tons (about 43% of total April 2015 exports), Hom Mali rice exports
accounted for about 113,640 tons (about 16% of total April exports), brokens accounted for
86,030 tons (about 12.3% of total April 2015 exports), glutinous variety accounted for 12,756
tons (about 1.8% of total April 2015 exports), parboiled rice accounted for about 178,351 tons
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(about 25% of total April 2015 exports) and husked/brown rice accounted for about 7,391 tons
(about 0.1% of total April 2015 exports).
Average export prices of all varieties of rice except parboiled and husked rice have declined
during the month. Average export prices of white rice witnessed the highest decline of about
26% month-on-month in April 2015, while average export prices of husked rice increased by
about 23% month-on-month during the month.Thailand exported around 2.83 million tons of rice
in the first four months of 2015, down about 4% from around 2.94 million tons exported during
the same period last year. Thai government is keen on exporting over 10 million tons of rice this
year.

Thailand Plans to Sell Stockpiled Rice to Low


Income People
Jun 10, 2015

Thailand's National Council for Peace and Order (NCPO)


has decided to sell stockpiled rice at affordable prices to
low-income earners as part of efforts to clear the
deteriorating government rice stocks as soon as possible,
local sources quoted the NCPO spokesman.The NCPO
spokesman told local sources that the decision had been
taken at a joint meeting between the NCPO and the
Cabinet on June 9 and state agencies have been instructed to arrange for sale of low quality rice
at community cooperative shops and military camps accordingly.He noted that the program
would be discussed with the Ministry of Agriculture and Cooperative as well as the Ministry of
Interior on June 12. He added that initially the Commerce Ministry would be instructed to select
quality grain from the government warehouses and the Ministry of Agriculture and Cooperative
would take charge of processing and packaging the rice. The Ministry of Interior would be
responsible for selling the packaged rice.The NCPO decision follows the Commerce Ministry
decision on June 8 to sell stockpiled rice directly to consumers in small packs.The government
currently has 16-17 million tons of rice in stocks and is keen on selling about 10 million tons of
rice this year and about 7 million tons next year. It sold about 1.28 million tons of rice raising
15.85 billion baht (around $471 million) in two auctions this year.The Ministry is preparing to
auction 1.06 million tons of rice on June 15.
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