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November 12,2015
Vol 5,Issue XI

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Former Thai PM Yingluck Defends Herself in

Open Letter Posted on Facebook
Nov 11, 2015

In an open letter posted on Facebook, Former Thai Prime Minister (PM) Yingluck
Shinawatra defended herself to junta leader Prayath Chan-ocha. Yingluck is potentially looking
at serving 10 years in prison for criminal charges related to her management of the rice scheme
starting in 2011 which saw Thailand waste billions of dollars and amass tens of millions of tons
of rice.
In the letter, Yingluck says the losses of the rice scheme are still yet unknown and the attorney
general was rushing the legal process, according to Reuters.
A trial date has not yet been set. The Thailand Supreme Court said it will review evidence until
November 2016. In September, Yingluck filed criminal charges against the attorney general
alleging the charges against her were unfair. Later that month, the court dismissed her case
saying it found no evidence of mishandling by prosecutors.
Yingluck is likely to continue to fight charges against her, part of a larger saga between the
royalist Thai military establishment and the Shinawatra family.

Asia Rice Export Quotes Remain Unchanged

Today
Nov 11, 2015

Asian rice exporters have kept their quotes unchanged from yesterday.
5% Broken Rice
Thailand 5% rice is indicated at around $350 - $360 per ton about $20 per ton discount on
Vietnam 5% rice shown at around $370 - $380 per ton. India 5% rice is indicated at around $345
- $355 per ton, about $25 per ton premium on Pakistan 5% rice shown at around $320 - $330 per
ton.
25% Broken Rice
Thailand 25% rice is indicated at around $345 - $355 per ton, about $10 per ton discount on
Vietnam 25% rice shown at around $355- $365 per ton. India 25% rice is indicated at around
$325 - $335 per ton, about $35 per ton premium on Pakistan 25% rice shown at around $290 $300 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $350 - $360 per ton. India parboiled rice is
indicated at around $340 - $350 per ton, about $65 per ton discount to Pakistan parboiled rice
last shown at around $405 - $415 per ton.
100% Broken Rice
Thailand broken rice, A1 Super is indicated at around $320 - $330 per ton, about $10 per ton
discount to Vietnam 100% broken rice shown at around $330 - $340 per ton. India's 100%

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broken rice is shown at around $285 - $295 per ton, about $5 per ton premium on Pakistan
broken sortexed rice shown at around $280 - $290 per ton.

Rice Traders Use UAE to Import Indian

Basmati Rice into Iran
Nov 11, 2015

In an effort to get around Irans restrictive import permits on Indias basmati rice, Indian rice is
first being shipped to the United Arab Emirates (UAE) and then on to Iran, according to the
Business Standard.
Iran imports about 100,000 tons of basmati rice on average each month; in August-September
2015, Iran imported about 81,000 tons from the UAE, up from 18,000 tons the same period a
year ago.
Iran stopped issuing import licenses for Indian basmati rice in October 2014 but is soon expected
to lift restrictions as they are viewed as pointless since Iranian rice imports are still finding a way
to bring Indian rice into the country. However, Irans restrictions have reduced Indias basmati
rice exports from about 1.4 million tons in 2013-14 to 930,000 tons in 2014-15, according to
Indias Agricultural and Processed Food Products Export Development Authority, and have also
severely weighed on domestic basmati prices.

Oryza CBOT Rough Rice Futures Recap Chicago Rough Rice Futures Go Nowhere as
Traders Continue to Weigh Impact of Yesterday's
S&D Update; Grains Rebound as Selloff May
have been Overdone
Nov 12, 2015

Chicago rough rice futures for Jan delivery settled unchanged at $11.880 per cwt (about $262per
ton). The other grains finished the day higher as the market looks to reverse a portion of losses
sustained as a result of yesterdays bearish S&D update; Soybeans closed about 0.6% higher at
$8.6075 per bushel; wheat finished about 0.8% higher at $4.9475 per bushel, and corn finished
the day about 0.9% higher at $3.6225 per bushel.U.S. stocks traded in a range Wednesday, trying
to hold mild opening gains while declines in oil prices and disappointing Macy's earnings
weighed. Energy fell more than 1.5% as the greatest decliner in the S&P 500, while consumer
discretionary was also among the laggards. The S&P held slightly higher in early afternoon
trade, with industrials leading advancers. Crude oil fell more than 2% in midday trade after the
American Petroleum Institute showed a greater-than-expected build in U.S. crude stocks. Brent
traded about 2% lower. The federal government's Energy Information Administration will
release official inventory data Thursday due to Wednesday's Veterans Day. Chinese data out
overnight showed firmness in the consumer, with retail sales up 11% year-over-year in October,
up slightly from 10.9% in September. Industrial production edged lower in October and missed
Reuters expectations. Investors also awaited a slew of Federal Reserve speakers scheduled for
Thursday, which include Fed Chair Janet Yellen's opening remarks at the U.S. central bank's

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conference. In early afternoon trade, the Dow Jones industrial average gained 24 points, or
0.14%, to 17,782. The S&P 500 traded up 3 points, or 0.15%, to 2,085, with industrials leading
seven sectors higher and energy leading laggards. The Nasdaq gained 20 points, or 0.4%, to
5,103. Gold is seen trading about 0.4% lower, crude oil is seen trading about 2.8% lower, and the
U.S. dollar is seen trading about 0.3% lower about 1:00pm Chicago time.
Tuesday, there were 2,671 contracts traded, up from 960 contracts traded on Monday. Open
interest the number of contracts outstanding on Tuesday increased by 632 contracts to
12,523.

Global Rice Quotes

November 11th, 2015
Long grain white rice - high quality
Thailand 100% B grade 360-370

Vietnam 5% broken
370-380

India 5% broken
345-355

Pakistan 5% broken
320-330

Myanmar 5% broken 405-415

Cambodia 5% broken 415-425

U.S. 4% broken
490-510

Uruguay 5% broken
535-545

Argentina 5% broken 530-540

Long grain white rice - low quality

Thailand 25% broken 345-355

Vietnam 25% broken 355-365

Pakistan 25% broken 290-300

Cambodia 25% broken 400-410

India 25% broken

325-335

U.S. 15% broken

500-510

Long grain parboiled rice

Thailand parboiled 100% stxd 350-360

Pakistan parboiled 5% broken stxd

405-415
India parboiled 5% broken stxd 340-350

U.S. parboiled 4% broken

590-610

Brazil parboiled 5% broken

545-555

Uruguay parboiled 5% broken NQ

Long grain fragrant rice

Thailand Hommali 92%
785-795

Vietnam Jasmine
470-480

India basmati 2% broken

NQ

Pakistan basmati 2% broken

NQ

Cambodia Phka Mails 830-840

Brokens
Thailand A1 Super
320-330

Vietnam 100% broken 330-340

Pakistan 100% broken stxd

280-290

Cambodia A1 Super
355-365

India 100% broken stxd

285-295

Egypt medium grain brokens NQ

U.S. pet food 330-340

Brazil half grain

NQ

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

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