2nd July, 2014
Chinese COLOR SORTER as low as Pak Rs 22 Lakh Only A Time Limited Offer Contact: Cell: 0300 414 3493
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Share developments in RICE and allied sectors, Promote the Concept of Knowledge Economy Dear Sir/Madam,
YOUR IDEA has a great worth---JUST share it through RICE PLUS 10000+ stakeholders of rice industry read & apply various ideas and analysis written by the authors.
Be the part of Rice plus authors Visit: www.ricepluss.com,www.publishpk.net mujahid.riceplus@gmail.com riceplus@irp.edu.pk
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
TOP Contents - Tailored for YOU Latest News Headlines…
Oryza Afternoon Recap - Chicago Rough Rice Futures Lower as Grain Sell-off Weighs on Market Binadhan-11, 12 Rice Varieties Emerge As Stars in Bangladesh Oryza Rice Currency Analysis for Today – Currencies Little Changed Winning World Cup Recipes: Switzerland vs Argentina IMD Lowers Probability of El Nino Occurrence to 60%; Expects Above Normal Rainfall in Some Regions Oryza Overnight Recap - Chicago Rough Rice Futures Lower Overnight Following Fresh Round of Receipt Registration Delayed Wet Season Rains Likely Impact 2014 Laos Paddy Rice Production Target New EU CAP not Protecting Rice Farmers from Global Competition, Says Italian National Agency for Rice IGC Estimates 2014 World Rice Trade at Record 40 Million Tons; Up 5% from Last year Brazil Paddy Rice Index Declines Slightly From Last Week Oryza Global Rice Quotes
News Detail… Oryza Afternoon Recap - Chicago Rough Rice Futures Lower as Grain Sell-off Weighs on Market Jul 01, 2014
Chicago rough rice futures for Sep delivery settled 4 cents per cwt (about $1 per ton) higher at $13.530 per cwt (about $298 per ton). The other grains finished the day lower; soybeans closed about 0.8% lower at $11.4750 per bushel; wheat settled about 0.9% lower at $5.7250 per bushel, and corn finished the day about 0.6% lower at $4.2275 per bushel.U.S. stocks jumped on Tuesday, with Wall Street starting off the second half of the year with the Dow and S&P 500 in uncharted terrain, as investors’ embraced data showing expansion in U.S. manufacturing and better-than-expected sales for major U.S. automakers. A separate report had construction spending up 0.1% in May. The Dow Jones Industrial Average jumped to an all-time record of 16,982.72, and was lately up 154.41 points, or 0.9%, at 16,981.01. The S&P 500 added.16.56 points, or 0.8%, to 1,976.79, after rising to an intraday record of 1,973.21. Health care paced sector gains and utilities was the sole laggard among its 10 major industry groups. Climbing to a 14-and-a-half-year high, the
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Nasdaq rose 59.30 points, or 1.3%, to 4,467.48. Gold is trading about 0.4% higher, crude oil is seen trading about 0.6% lower, and the U.S. dollar is seen trading marginally higher about 1:00pm Chicago time.Monday, there were 451 contracts traded, down from 1,053 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday increased by 23 contracts to 8,454.
Binadhan-11, 12 Rice Varieties Emerge As Stars in Bangladesh Jul 01, 2014
Binadhan-11 and Binadhan-12, two new rice breeds, have emerged as the ultimate stars this season in the Jessore district of Bangladesh. The duo's field performance under flash flood conditions in 2013 was outstanding, making them a coveted breed this season. While Binadhan-11 has been hailed as the ideal variety because of its short duration for harvest, Binadhan-12 scores on account of its fine grain quality. Discovered by International Rice Research Institute (IRRI) along with Bangladesh Rice Research Institute (BRRI) and Bangladesh Institute of Nuclear Agriculture (BINA), the two breeds are flash flood-tolerant rice variety that recovered after 10 days of complete submergence and survived easily without damage.
Oryza Rice Currency Analysis for Today – Currencies Little Changed Jul 01, 2014
U.S. dollar index was up +0.07% from the open today, when it traded at 79.827 at the close. Euro was weaker -0.11% by the close, trading around 1.3677 by end of day, after trading between an intraday high of 1.3700 and low of 1.3676. Thai baht was stronger +0.16%, trading at 32.3 at the close of business. Indian rupee was stronger +0.19% at 60.0750. Brazilian real was stronger +0.49% at 2.2040 reais per dollar. Pakistan rupee was +0.03% stronger at 98.6913. Vietnamese dong was unchanged at 21330. Mexican peso was stronger +0.18% today, when it traded at 12.9447 pesos per dollar by the close of business. Chinese yuan was stronger +0.03% at 6.2013. Argentine peso was weaker -0.02% at 8.1341 pesos per dollar.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Winning World Cup Recipes: Switzerland vs Argentina Jul 01, 2014 What better way to celebrate the World Cup festivities from afar than with some regionally-themed rice dishes! For Tuesday’s game, Argentinian savory rice and bananas meets Swiss Riz Casimir. Rice and bananas is one of those dishes where sweet meets savory in an unexpected way. It works just as well at breakfast as at dinner, and you can easily tweak each serving to suit the palette of the consumer. You might be surprised to see Riz Casimir representing Switzerland since its inclusion of tropical fruits suggests an exotic origin and it’s a curry – but the dish has apparently been a Swiss favorite since it was added to Mövenpick restaurants throughout the country in 1952.
Argentinian Rice and Bananas What You Need: 2 tablespoons butter 2 cups white rice, rinsed 4 cups boiling water Eggs Bananas Onion, finely chopped Tomato, diced Fresh parsley, chopped
What You Do: Heat butter or oil in a saucepan over medium heat. Add rice and sauté for a few minutes. Add boiling water and boil rapidly for 10 minutes.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Reduce heat to low, cover, and cook until the water is absorbed and the rice is cooked. Do not stir the rice while it is cooking, but you can shake the pan periodically to loosen the grains. While rice is cooking, fry an egg and a banana for each person. Serve the rice on a dish topped with the fried egg and fried banana and garnish the dish with onion, tomato, and parsley. Swiss Riz Casimir What You Need: Butter Meat (chicken or pork are common) or tofu, cubed 2 tablespoons flour 1 tablespoon curry 200 ml chicken or vegetable stock or broth 200 ml milk Mixed diced fruit (pineapples, bananas, apples, cherries, etc.) – canned fruit is ok, but drain it first Almonds, sliced Rice
What You Do: Melt 1 tablespoon butter in a large frying pan over medium heat and cook the meat/tofu until golden brown and done. Set aside (you may place it in the oven on low heat to keep warm). Melt 1 tablespoon butter in a pan and add 2 tablespoons flour and 1 tablespoon of curry and fry for about 1 minute. Add the stock and the milk and whisk until it returns to a boil. Reduce the heat and season with salt, pepper, and hot curry powder to taste. Add the meat/tofu and let simmer for about 10-20 minutes. You can mix the diced fruit into the sauce or simply garnish the dish with it. Top with sliced almonds and serve over rice.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
IMD Lowers Probability of El Nino Occurrence to 60%; Expects Above Normal Rainfall in Some Regions Jul 01, 2014 The Indian Meteorological Department (IMD) has predicted a 60% probability of El Nino occurring this monsoon season (June - September) against its previous prediction of 80%, according to local sources.Sources at the IMD stated that monsoon rains would revive in the eastern, central and northern parts of India from July 6. The sources also noted that the IMD is expecting above normal rainfall in those regions in the second week of July. They said monsoons will pick up in other regions also after July 6.
"El Nino is currently weak, but will not completely fade away," said a senior IMD official adding that El Nino's impact on Indian monsoon is slightly weak due to a delay in the atmospheric response to ocean warming.However, a report by Bloomberg stated that India received lowest rainfall of 92.4 millimeters (3.6 inches) in June since 2009, which is 43% less than the 50-year average. Due to this, sowing of summer crops, including rice, corn, soybean and cotton is being delayed leading to concerns over a reduced production of these crops this year. According to official sources, during 2009 El Nino, India's monsoon rainfall was 22% below the 50-year average, and reduced rice output by about 10% and doubled food inflation. The new government is working towards curbing price hikes of basic food items, including rice, and reducing inflation, which are a result of delayed monsoons so far. Meanwhile, a forecast from the Indian Institute of Technology in Madras (IITM) has stated that the presence of an anti-cyclonic circulating ridge over central India, including Gujarat, Madhya Pradesh, Chhattisgarh, Maharashtra, Goa and Orissa, has been delaying monsoon in those regions. It said the ridge is now weakening and would facilitate the setting of monsoon by the first week of July.A report by the Australian Bureau of Meteorology (BOM) also stated that the Pacific Ocean surface temperatures have not crossed the threshold levels indicating a weak El Nino. It is continuing to predict an El Nino pattern by September 2014.
Oryza Overnight Recap - Chicago Rough Rice Futures Lower Overnight Following Fresh Round of Receipt Registration Jul 01, 2014 Chicago rough rice futures for Sep delivery were paused 3.5 cents per cwt (about $1 per ton) lower at $13.535 per cwt (about $298 per ton) during the trading break in Chicago. The other grains are seen lower this morning ahead of floor trading in Chicago: soybeans are currently seen about 1.2% lower, wheat is paused about 0.3% lower and corn is noted
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
about 1.1% lower. U.S. stock index futures rose on Tuesday after a report showed expansion in Chinese manufacturing, bolstering optimism about coming data on factory activity in the United States. China's official purchasing managers' index for June came in at a six-month high of 51, in line with expectations and up from 50.8 in May.
Less positively, data showed that manufacturing activity in the euro zone slid to a seven-month low in June. In the U.S., the manufacturing ISM index is expected to show a small bump in activity to a six-month high, after May's reading of 55.4. The index will be published at 10 a.m. ET. Other data due during the day are construction spending for May and the IBD/TIPP economic optimism index. Investors are likely to remain cautious following reports early on Tuesday that Ukrainian president Petro Poroshenko ended the unilateral ceasefire with pro-Russian rebels in the eastern part of the country. US stock index futures are currently seen trading about 0.3% higher, gold is currently trading about 0.5% higher, crude oil is seen trading about 0.5% higher, and the U.S. dollar is currently trading about 0.1% higher at 8:45am Chicago time.
Delayed Wet Season Rains Likely Impact 2014 Laos Paddy Rice Production Target
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Delayed wet season rains are likely to impact Laos paddy rice production target of reaching around 3.8 - 4 million tons (around 2.5 – 2.6 million tons, basis milled) in 2014, according to local sources.Sources at the Ministry of Agriculture told local media that rice farmers in several provinces have begun re-sowing rice seeds due to prevailing drought conditions and delayed wet season rains. The government has set a target of achieving a paddy yield of around 3.2 tons per hectare this year provided there are no natural calamities.Laos is affected by natural disasters like floods and drought every year during the crop season. Last year also the government encouraged farmers to achieve a paddy yield of around 2.9 tons per hectare from around 720,000 hectares. But nearly 45,500 hectares were damaged by floods destroying thousands of tons of crop.
The government has been taking help from Vietnam and China to develop improved rice varieties, which are adaptable to climate changes. According to local sources, the government is encouraging domestic and foreign investment in rice production to help farmers increase yield through access to technology and newer production techniques. Laos is almost self-sufficient in rice and is now keen on expanding its exports. It is already exporting around 200,000 - 300,000 tons of rice to Vietnam, Thailand, China and other countries. According to Agriculture Ministry, Laos has a surplus of around one million tons every year.USDA estimates Laos to produce around 1.465 million tons of milled rice (around 2.325 million tons, basis paddy) in MY 2013-14 (January 2014 - December 2014) against a consumption of 1.55 million tons. The country has a surplus of around 155,000 tons from the previous year, according to the USDA.
New EU CAP not Protecting Rice Farmers from Global Competition, Says Italian National Agency for Rice Jul 01, 2014
The Managing Director (MD) of Ente Nazionale Risi, the National Agency for Rice (NAR), Italy, has slammed the new Common Agricultural Policy (CAP) for European Union (EU) member states saying it is not protecting Italian and other European rice farmers from global competition, according to local sources.The ENR MD has noted that the intervention price, the price at which the European Commission (EC) buys paddy rice from farmers, set at €150 (around $205) per ton under the new CAP is very low and does not cover the production costs, which are around €320- €330 (around $438 - $451) per ton. As the EC initiates intervention between April 1 to July 31 of a marketing year (September 1 to August 31) when need arises, he says the intervention price was not used appropriately since its introduction. Also the EC has specified that it may increase the intervention price if the quality of rice procured is different from the specified quality, but has not mentioned any cap for it.In the case of Italy, he says coupled crop specific aid of around €120 per hectare, which is applicable from 2015, is covering only 180,000 hectares of the total rice area of around 218,000 hectares. "Coupled help is so low that we perceive it as a mockery," he adds.Italy's Vice Minister for Agriculture also noted that the recommended coupled help to farmers is much lower compared to the global average of around
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
â‚Ź500 per hectare. Under the EU CAPP, the total aid to farmers is divided into decoupled area payment, which is paid only for those farms which have payment entitlement, and coupled crop specific aid, which is paid to farmers per hectare. Already, Italian rice farmers groups as well as the government are of the opinion that the Italian rice sector is under threat from the duty-free rice imports from Less Developed Countries (LDCs) such as Cambodia and Myanmar. They are urging the EU to stop duty-free rice imports from the LDCs or to adopt a safeguard clause to protect Italian and EU rice farmers from the increasing imports. They say farmers are forced to sell their rice at much lower prices in order to sustain competition from cheap imports.Speaking at a meeting about the future of Italian and European rice growing sector, the head of rice growers of the association of farmers Confagricoltura said, "The present situation can menace the survival of Italian and European rice growing sector."
IGC Estimates 2014 World Rice Trade at Record 40 Million Tons; Up 5% from Last year Jul 01, 2014
The International Grains Council (IGC) has estimated 2014 world rice trade at a record 40 million tons, up about 5% from 38 million tons in 2013 due to increased imports by Far East Asian and African countries.
The IGC expects total rice imports by Far East Asian countries including Bangladesh, Malaysia, Indonesia, China and the Philippines, to increase to around 12.5 million tons, up about 19% from around 10.5 million tons last year. It expects China to remain largest importer in 2014 with 3.1 million tons. The IGC expects Indonesia and the Philippines to increase imports to 1.4 million tons and 1.9 million tons respectively to ensure adequate supplies. It estimates shipments
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
to sub-Saharan Africa at 14.6 million tons. While Nigeria's imports are forecasted to increase about 15% to around 3.1 million tons from last year's 2.7 million tons, imports of Côte d’Ivoire, Ghana, Senegal and South Africa are expected to be above average.
On the exports side, the IGC estimates India to export around 9.7 million tons of rice, about 8% lower than around 10.54 million tons exported last year mainly due to increased sales by Thailand. It estimates Thailand's rice exports to increase to around 9.2 million tons of rice this year, but expects Vietnam's rice exports to decline to around 6.3 million tons from last year's 6.7 million tons.
The IGC estimates 2013-14 global rice output at around 476 million tons, up about 1% from around 472 million tons in 2012-13 mainly due to improved harvests in India, Vietnam and Pakistan. It expects global rice consumption in 2013-14 to increase to around 476 million tons, up about 2% from around 472 million tons in 2012-13 due to expected increased consumption in India, China, Brazil and sub-Saharan Africa. The Council expects world rice ending stocks in 2013-14 to decline to around 109 million tons from around 110 million tons in the previous year. It expects inventories of major rice exporters to decline slightly to around 39.4 million tons from around 39.9 million tons last year mainly due to higher stock depletion in India and Thailand.
Brazil Paddy Rice Index Declines Slightly From Last Week
The Brazilian paddy rice index maintained by CEPEA reached around 36.47 real per 50 kilograms as of June 30, 2014, down about 0.1% from about 36.49 real per 50 kilograms recorded on June 23, 2014. In terms of USD per ton, the index reached at about $331 per ton on June 30, 2014, up about 1.4% from about $327 per ton recorded on June 23, 2014.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Thailand, Vietnam Rice Sellers Increase Some of Their Quotes; Other Asia Rice Quotes Unchanged Today Jun 05, 2014
Thailand rice sellers increased their quotes for parboiled rice by about $5 per ton to about $420 - $430 per ton today. Vietnam rice sellers increased their quotes for 5% broken rice and 25% broken rice by about $5 per ton each to about $405 - $415 per ton and $365 - $375 per ton respectively. Other Asia rice sellers kept their quotes mostly unchanged. 5% Broken Rice Thai 5% rice (of new crop) is quoted at around $375 - $385 per ton, about $30 per ton lower than Viet 5% rice quoted at around $405 - $415 per ton, up about $5 per ton from yesterday. Indian 5% rice is quoted at around $435 - $445 per ton, about $10 per ton lower than Pak 5% rice quoted at around $445 - $455 per ton. 25% Broken Rice Thai 25% rice of the old crop is quoted at about $345 - $355 per ton, about $20 per ton lower than Viet 25% rice quoted at around $365 - $375 per ton, up about $5 per ton from yesterday. Indian 25% rice is quoted at around $390 - $400 per ton, about $5 per ton lower than Pak 25% quoted at around $395 - $405 per ton. Parboiled Rice
Thai parboiled rice of the old crop is quoted at around $420 - $430 per ton, up about $5 per ton from yesterday. Indian parboiled rice is quoted at around $405 - $415 per ton, about $30 per ton lower than Pak parboiled rice quoted at around $435 - $445 per ton.
100% Broken Rice
Thai broken rice, A1 Super, of the old crop is quoted at around $310 - $320 per ton, about $25 per ton lower than Viet broken rice quoted at around $335 - $345 per ton. Indian broken sortexed rice is quoted at around $310 - $320 per ton, about $15 per ton lower than Pak broken sortexed rice quoted at around $325 - $335 per ton
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Oryza Global Rice Quotes July 1st, 2014 Long grain white rice - high quality Thailand 100% B grade
425-435
Vietnam 5% broken
415-425
↑
India 5% broken
430-440
↔
Pakistan 5% broken
440-450
↔
Cambodia 5% broken 440-450
↔
U.S. 4% broken
570-580
↔
Uruguay 5% broken
625-635
↔
Argentina 5% broken 620-630
↔
↔
Long grain white rice - low quality
Thailand 25% broken NQ
↔
Vietnam 25% broken 365-375
↑
Pakistan 25% broken 385-395
↔
Cambodia 25% broken
410-420
India 25% broken
390-400
↔
U.S. 15% broken
545-555
↔
↔
Long grain parboiled rice Thailand parboiled 100% stxd
425-435
↔
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Pakistan parboiled 5% broken stxd
430-440
↔
India parboiled 5% broken stxd
405-415
↔
U.S. parboiled 4% broken
630-640
Brazil parboiled 5% broken
NQ
Uruguay parboiled 5% broken
↔
↔ NQ
↔
Long grain fragrant rice Thailand Hommali 92% Vietnam Jasmine
985-995
575-585
↔
NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Malis 845-855
↔
India basmati 2% broken
↔
Brokens Thailand A1 Super
NQ
↔
Vietnam 100% broken
330-340
↔
Pakistan 100% broken stxd
325-335
↔
Cambodia A1 Super
350-360
India 100% Broken stxd
315-325
Egypt medium grain brokens NQ U.S. pet food 470-480
↔
Brazil half grain
↔
NQ
Medium grain milled U.S. Calrose 4% broken Egypt medium grain 6%
↔ ↔
↔
1070-1080 NQ ↔
↔ All prices USD per ton, FOB vessel, oryza.com
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874