You are on page 1of 17

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



4
th
June, 2014





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



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



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
TOP Contents - Tailored for YOU
Latest News Headlines

Europe Paddy Rice Quotes Mostly Soften from Previous Week

Jun 03, 2014
European paddy quotes in the week May 20 - 27 showed some small movements, mostly decreasing from the
previous week, according to data from the European Union. The only quote to increase from the previous week
is milled Japonica Romanian rice.

SPAIN - Japonica paddy was unchanged at 285 euros (about $388) per ton over the last month, while Indica
paddy was quoted 279 euros (about $ 380) per ton on May 27. There were no quotations the week before.
Milled Japonica rice quotes are firm at 542 euros (about $738) per ton over the month
prior.

PORTUGAL - No price quotes are available for Long A or Long B paddy, or milled rice.

GREECE Quotations are unchanged: medium grain paddy is shown at 400 euros (about $545) per ton. Long
grain paddy is stable at 450 euros (about $613) per ton and Indica paddy is firm at 235 euros (about $320) per
ton. There are no quotations for milled rice.

ROMANIA - Japonica paddy prices on May 27 were shown slightly down at 329 euros (about $448) per ton,
down 4 euros (about $5.4) per ton from 333 euros (about $453) per ton on May 20. Indica paddy quotes
decreased from 301 euros (about $ 410) per ton on May 20 to 293 euros (about $ 399) per ton on May 27. As
for milled rice, Japonica quotes went slightly up: they were fixed at 699 euros (about $ 952) per ton on 20 May,



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



and went up to 702 euros (about $ 956) per ton on May 27. Indica milled quotes went down of more than 100
euros (about $ 136) to 614 euros (about $ 836) per ton on May 27, starting from 719 euros (about $ 979) per ton
on May 20.

BULGARIA - Japonica paddy quotations have remained firm at 276 euros (about $ 376) per ton. Japonica
milled rice indications remained unchanged from a week prior, at 814 euros (about $1,109) per ton. This latter
quotation has significantly increased starting from 544 euros (about $ 745) per ton of April 29.

FRANCE - New quotations for milled rice returned after some weeks of no indications available. Round milled
rice was shown at 455 euros (about $ 620) per ton on May 20, and went slightly down to 450 euros (about $
613) per ton on May 27. Long A is firm at 610 euros (about $ 831) per ton, and Long B at 470 euros (about $
640) per ton, both unchanged over the week.

Tags: european rice prices, europe paddy prices, europe paddy quotes, europe rice quotes

Oryza U.S. Rough Rice Recap - Steep Drop in Futures Market Leads to Decreasing
Price Ideas

Jun 03, 2014

The U.S. cash market was slightly weaker today as both buyer and seller price ideas decreased in tandem with
the futures market.As of today, old crop offers decreased slightly to around $16.25 per cwt fob farm (about
$358 per ton) for June shipment. However, sellers are still looking for at least $16.66 per cwt fob farm (about
$367 per ton) for July and August shipment.Bids from most larger mills decreased today to around $14.35 per
cwt (about $316 per ton) for June delivery while bids for exporters and smaller mills decreased to around
$15.80 per cwt (about $348 per ton), for the same delivery period, and there were reports of rice trading around
$15.90 per cwt (about $351 per ton) for prompt delivery.

Tags: U.S. rice prices; U.S. rice market
Oryza Rice Currency Analysis for Today Thailand Baht Rallies 0.7%

Jun 03, 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



U.S. dollar index was down -0.10% from the open today, when it traded at 80.558 at the close.

Euro was stronger +0.21% by the close, trading around 1.3626 by end of day, after trading between an intraday
high of 1.3648 and low of 1.3588.

Thai baht was stronger +0.70%, trading at 32.613 at the close of business.

Indian rupee was weaker -0.39% at 59.3900.

Brazilian real was weaker -0.02% at the close of trading today, trading at 2.2772 reais per dollar.

Pakistan rupee was -0.05% weaker at 98.6247.

Vietnamese dong was weaker -0.19% at 21215.

Mexican peso was weaker -0.19% today, when it traded at 12.9357 pesos per dollar by the close of business.

Chinese yuan was weaker -0.10% at 6.2544.

Argentine peso was weaker -0.13% at 8.0944 pesos per dollar.
Tags: foreign exchange rates, rice currencies, Global rice trade

Oryza Afternoon Recap - Chicago Rough Rice Futures Continue to Take Pounding
as Bearishness Persists; Old Crop Prices Near $14.500 for First Time
Jun 03, 2014
Chicago rough rice futures for Jul delivery settled 31.5 cents per cwt (about $7 per ton) lower at $14.550 per
cwt (about $321 per ton). Rough rice futures suffered through another round of selling as the bears continue to
pound prices lower. The old crop July futures have now fallen to just a nearly 41.5 cent per cwt (about $9 per
ton) premium to the September, after trading to as high as $1.40 per cwt (about $31 per ton) over the past
months. Technically the market has become oversold and prices continue to put in fresh contract lows. The
question now becomes at what level does the market spur opportunistic buying interest on the part of
commercials and thus put in a floor below the market. The other grains finished the day sharply lower as well;
soybeans closed about 1.3% lower at $14.8125 per bushel; wheat about 1.3% lower at $6.1250 per bushel, and
corn finished the day about 1.6% lower at $4.5825 per bushel.

U.S. stocks held their losses across the board Tuesday as investors seemed to take a breather a day after the
Dow and S&P 500 hit all-time highs. The Dow Jones Industrial Average was in the red. The blue-chip index
has been trading in a narrow 47-point range. The S&P 500 and the Nasdaq also slipped. Among key S&P



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



sectors, telecoms led the laggards. On Monday, both the Dow and S&P 500 squeezed out modest gains to close
at fresh highs. Stocks briefly pared their losses after a better-than-expected factory orders report. New orders for
factory goods climbed 0.7% in April, rising for a third-straight month and topping expectations for 0.5%.
Investors will be looking ahead to the monthly nonfarm payrolls report on Friday.

Economists expect to see 218,000 jobs added in May and a 6.4% unemployment rate, according to a Reuters
poll. Gold is trading about 0.1% higher, crude oil is seen trading about 0.3% higher, and the U.S. dollar is seen
trading about 0.1% lower at about 1:00pm Chicago time.Monday, there were 1,819 contracts traded, up from
1,753 contracts traded on Friday. Open interest the number of contracts outstanding on Monday increased
by 107 contracts to 8,214.

Tags: U.S. rice prices; U.S. rice market; Chicago rough rice futures
Italy CAP Funds Unlikely to Encourage Rice Production Growth; Asian Imports to
Fill Demand Gap

Jun 03, 2014
Under a new agreement between the Italian state and regions, 22.6 billion euros (about $30.7 billion) of
European funds from the new Common Agricultural Policy (CAP) will be available for Italian rice growers next
year. CAP payments were originally proposed by the agriculture ministry and increased by two billion euros
(about $2.7 billions).While at first glance assistance appears to be rising for the rice farmers, in reality there
seems to be little difference and the policy is unlikely to spur increased production.The price assistance per
hectare is higher, but the assisted acreage is being constructed below what is likely to be farmed.

Thus, it could be argued that the Italian government seems to be willing to support limited production only,
suggesting that any rise in EU rice demand is likely be met by cheaper Asian imports.While the maximum
payment will reach 125 euros ( about $170) per hectare, the admitted acreage is fixed as 180,000 hectares. This
is less than 220,000 hectares actually farmed in Italy. Thus, the actual coupled premium on farmed land should
be equivalent to around 100 euros (about $136) per hectare.
Tags: Italy, CAP
Rice Grains Replace Expensive Cold Storage in Vaccine Delivery
Jun 03, 2014
A team of scientists at the University of Tokyo are trying to convert rice into a cheap storage and effective
delivery vehicle for drugs that can treat cholera and infant diarrhoea. Currently, the medicines used to treat the
diseases require refrigeration until it is used.Using rice, the vaccines designed by Yoshikazu Yuki and his team



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



can be easily stocked without the need for cold storage, for three years at room temperature. The rice is ground
into a paste, mixed with a glass of water and drunk to treat the ailment.

The team said that it could be a decade before the rice vaccine becomes a reality.The team immunized an
animal against rotavirus infection to study its DNA and then engineered a strain of Nihonbare rice with the
same DNA blueprint to produce rice with high antibody content. The first phase of trials should be completed
within two years, and could be followed by several years of larger trials in a country such as Bangladesh,
researchers said. Since the vaccines are plant-based, it would be affordable to all.

The Bill & Melinda Gates Foundation evinced interest in the cholera vaccine which may eventually cost about
$10 to $20 for a treatment comprising three doses of about three grams each. The cholera vaccine would feature
10 to 20 grams of the rice grains which are pounded to a powder, dissolved in water and swallowed.

Tags: Rice, vaccine, cholera, medicine
Copa-Cogeca Forecasts EU Milled Rice Imports to Increase 2% and Exports to
Decline 7% in 2013-14 Amid Declining Production

Jun 03, 2014
Committee of Professional Agricultural Organisations (Copa) - General Confederation of Agricultural
Cooperatives (Cogeca), representative of farmers and farmer cooperatives in the European Union (EU), has
forecasted EUs milled rice imports to increase to 950,000 tons, up about 2% from about 928,000 tons imported
in 2012-13 due to an expected decline in milled rice production during the year.

The EU imports nearly 20% of its rice from from Cambodia, 16.6% from Thailand and 15.9% from India,
according to Copa-Cogeca.In the report titled "Highlights Commodities and Trade -The Outlook for EU
Agricultural markets in 2014, Copa-Cogeca forecasted EUs milled rice exports to decline to about 170,000
tons in 2013-14, down about 7% from about 182,000 tons exported in 2012-13.Copa-Cogeca forecasted EU
milled rice production to decline to about 1.6 million tons in 2013-14, down about 11% from about 1.8 million
tons produced in 2012-13 due to expected decline in rice planting area as well as increasing production costs
and lack of effective alternate Public-Private Partnerships (PPPs) in agriculture.

The agency estimates the EU total rice planting area at about 420,000 hectares in 2013-14, down about 10%
from about 467,000 hectares planted in 2012-13. However, it expects the EU rice planting area to remain stable
in 2014-15 reflecting more or less similar level of production. It also estimates EUs closing stocks in 2013-14
to be very low.

Tags: European Union, EU rice production, EU rice exports



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



Italy Begins Drive to Save Historical Rice Varieties

Jun 03, 2014
Italy is beginning a drive to save the genes of thousands of historical rice varieties by continuing to grow them
to avoid degeneration, according to local sources.Historical rice varieties such as Maratelli one, Vialone Nero,
Bertone and Chinese Originario, existed some one- and- half centuries earlier and are considered to be the
origin for many of the latest rice varieties such as Vialone Nano presently grown in Italy.Genes of nearly 1,300
old generation domestic rice varieties dating back to 1860 have been preserved in the gene bank of Italy's Ente
Nazionale Risi, the National agency for rice, and are considered to be safe there. However, scientists say the
genes remain germinable only when they are replanted from time to time.

Based on scientists' recommendation, Italy is planning to re-grow some older rice varieties so that their genes
become active again. It is one way of preserving historical varieties as well as making them usable for further
research.Italy is the largest rice producer and exporter in Europe, and Italian rice producers are known for using
premium rice varieties that are popular among health conscious connoisseurs. According to official data from
the Italian Ministry of Agriculture, Italy's milled rice production stood at around 1.6 million tons in 2013 from
250,000 hectares of planted area.Italy's exports to various destinations have been increasing over the last few
years. Italy's exports to Britain increased by 4% in 2013, while those to destinations outside the European Union
(EU) increased by about 19% over the exports in 2012. Turkey accounted for about 139% increase and Russia
accounted for 47% increase among non-EU countries.

Tags: italy rice production, italy rice exports, Historical rice varieties
Cambodia Exports 148,262 Tons of Rice January-May, 2014; Up 1% from Last Year

Jun 03, 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



Cambodia exported
about 148,262 tons
of rice in first five
months of calendar
year 2014, up about
1% from about
146,854 tons rice
exported in the same
period last year,
according to data
from the Secretariat
of One Window
Service of Rice
Export Formality
(SOWS-REF). In
May 2014,
Cambodia exported
about 27,971 tons of
rice, down about 1%
from about 28,350
tons of rice exported
in May 2013 and
down about 22%
from about 35,961
tons of rice exported
in April 2014.
During the month of
May, Cambodia
exported mainly
long grain white rice
(about 14,142 tons),
Jasmine rice (about
8,687 tons) and long
grain parboiled rice
(about 1,526
tons).European
nations, Malaysia,
and China remain
the main rice export
destinations for
Cambodian rice so
far this year.



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 Exports 2.9 Million Tons of Rice in First Four Months of 2014; Up 45%
from Last Year

Thailand has exported about 2.9 million tons of rice in the first four months of 2014, up about 45% from about
1.985 million tons exported during the same period in 2013, according to data from Thai Rice Exporters
Association (TREA). Thailand has earned about $1.5 billion from rice exports in January - April 2014, up about
10% from about $1.4 billion earned during the same period in 2013. In April 2014, Thailand exported 737,648
tons of rice, down about 8% from about 799,648 tons exported in March 2014; and up about 66% from about
445,353 tons exported in April 2013. Of the total April sales, white rice accounted for about 313,311 tons



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 42% of total April exports), Hom Mali rice accounted for about 93,863 tons (about 13% of total April
exports), brokens accounted for 104,809 tons (about 14% of total April exports), glutinous variety accounted for
10,737 tons (about 1.5% of total April exports), parboiled rice accounted for about 197,869 tons (about 27% of
total April exports) and husked (brown) rice accounted for about 17,059 tons (about 2% of total April
exports). Thailand's April 2014 exports earned $353.7 million, down about 11% from about $395.68 million
earned in March 2014; and up about 12.5% from about $314.4 million earned in April 2013. In April 2014,
average export prices of all varieties of increased over those in March 2014.
Tags: Thailand rice exports, Thai Hom Mali Rice, Thai broken rice

White Rice More Popular Than Healthier Brown Rice

Jun 03, 2014
Over 2 billion people, that is nearly one-third the worlds population, suffers from anemia (or iron deficiency)
and this particularly widespread in countries where rice is the staple food, according to a research at the
International Rice Research Institute (IRRI), Philippines.Most rice consumers prefer white rice to the healthier,
unpolished and half-milled rice varieties although polished rice lacks nutrients that are present in the outer
(bran) and inner (germ) layers, which are thrown away in the refining process.

Among the nutrients that are taken away along with the bran layers during milling include magnesium,
manganese, zinc and iron.The loss of these micronutrients can lead to zinc and iron deficiency which can affect
production of red blood cells and oxygen transportation in the body.

Tags:
white rice, brown rice, IRRI
- See more at: http://oryza.com/news/rice-news/white-rice-more-popular-healthier-brown-rice#sthash.odKqv5ar.dpuf

Bangkok Rice Farmers want $303 Per Tonne for Next Paddy Rice Crop

Jun 03, 2014
Bangkoks farming leaders have urged the National Council for Peace and Order (NCPO) to formulate a policy
that guarantees rice sales at 10,000 baht ($303) per tonne for the next crop.
This comes at a time when the farmers are currently under the fear of the falling price of rice and the NCPO has
begun to pay overdue to farmers under the former government's rice pledging scheme which guaranteed a 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



price of 15,000 baht ($456) per tonne in 2011.The Council of Farmers in Ang Thong said it will ask NCPO to
consider short-term assistance packages to help farmers suffering from low rice prices. The farmers body said
that the assurance is crucial for the next two crops especially since each farmer has invested at least 5,000 baht
($152) per 1,600 sq m and the current market price is about 5,000-6,000 baht ($152-182) per tonne.It blamed
the former government for the current scenario as it tried to huge rice stocks which forced the market price of
the grain to drop. It sought a policy educating farmers on reduction of cost of rice production and rice zoning
which promotes the planting of rice in certain areas to improve the quality of the product.
Tags: Thailand rice production, thailand paddy production, Thailand rice prices, thailand paddy prices
Rice Farmers Co-operatives Is Need of The Hour

Jun 03, 2014
The Committee on Central Agriculture in Bangkok said that the race to produce enough yield to join the rice
pledging scheme in Thailand is making farmers opt for low-grade rice and this is affecting the countrys
reputation of being a premium rice producer.The next government should support co-operatives for farmers, the
farming body suggested while adding that the co-operative system makes farmers set their own prices and
motivates them to plant superior rice varieties.The committee also stressed on developing organic rice zones
which will benefit rice consumers healthy while also slashing the cost of chemicals in rice production.

Tags: Rice, farmers, importance

Biotechnology for Rice and Food Sustainability

Jun 03, 2014
Philippines is trying out biotechnology to improve agricultural productivity, promote food security and
sustainable development.Dr. Antonio Alfonso, coordinator of the DA Biotechnology Program and director of
the Crop Biotechnology Center of the Philippine Rice Research Institute, said the DA Biotech Program gives
support to programs such as food biofortification through field tests and performance validation under field
conditions.He said their focus is on further improving the variety by ensuring that it is disease-resistant and that
its agronomic traits are what farmers would highly prefer.

Dr. Alfonso said the public should be informed that crop biotechnology is a genetic modification [that] is a
tool to produce sufficient, safe and nutritious food amid production constraints and changing climatic patterns
that have direct adverse impact in agriculture.He said, GM crops are the most-studied products before they are
allowed for commercial release. This means that breeding processes strictly comply with biosafety regulations,



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



he explained.Scientific interventions, such as the development of healthier rice varieties, he said, are benefits of
technology that the public sector can take advantage of.Dr. Alfonso said that with the availability of high-iron
and high-zinc rice varieties in the market, rice consumers can have healthier rice options and they can then
make informed choices for the benefit of their families and the community.

Tags: biotechnology, food sustainability, Rice

IRRI Tries GM to Resolve Nutrition Deficiency in White Rice

Jun 03, 2014
Biofortification, says International Rice Research Institute (IRRI) in Philippines, is the solution to nutrition
deficiency in polished rice grains. IRRIs research has shown that polished-rice grains do not have bran (outer)
and germ (inner) layers as they are removed during the refining process. The nutrients that are washed away
along with the bran layers during milling are magnesium, manganese, zinc and iron. IRRI has now decided to
address this global concern through biofortification - developing healthier rice with more nutrients. Dr. Jessica
Rey of IRRI said that as traditional breeding methods do not give fortified rice, the institute has tried genetic
modification.

The rice is genetically modified (GM) to carry a gene that exhibits iron in its genetic makeup and increases zinc
content in the rice grain.The researchers accomplished it by using an enzyme called Nicotianamine and other
iron transporters from rice to ensure that these micronutrients travel from the plant roots to the grains.IRRIs
research has yielded rice with 30 percent more of the estimated average requirement for iron compared to the
regular varieties as was witnessed in 2012 trials.

Currently, high-zinc rice is available in Bangladesh.Researchers are working on increasing the iron levels in the
grain in the endosperm to 13 parts per million which is expected to reduce iron deficiency. In biofortification,
once the preferred gene is in the plant, it remains there forever. In mechanical fortification, the desired nutrient
has to be added onto the grain every time the rice is processed. This is why biofortification is a more sustainable
strategy, she added.It will be a couple of years before IRRIs biofortified GM rice becomes a reality.
Meanwhile, researchers are also working on whether eating zinc and iron-rich rice can really resolve the
deficiency problem.


Tags: GM, IRRI, white rice

Taiwan to Export More Rice to China This Year



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




Jun 03, 2014
Taiwan will export more rice in 2014 than last year, now that it has captured China's lunchbox market, the
Council of Agriculture (COA) said. The island countrys rice will be available at 800 Family Mart convenience
stores across China after the Ting Hsin International Group, Changhua, has decided to sell lunchboxes using
Taiwans rice.Prior to the new lunchbox move, Taiwan used to export rice to China in lesser packages only, the
COA's stated recently.


Between January and April, Taiwan exported 954 metric tons of rice. It now produces 1.3 million metric tons of
rice annually, the agency said. Exports of the crop have increased substantially over the past four years, rising
from 1,459 metric tons in 2010 to 2,718 metric tons in 2013, the agency said.China, Hong Kong, Australia,
Japan, North America and the European Union are among Taiwans major rice export destinations, the agency
stated.
Tags: Rice, Taiwan, China, export, 2014

USDA Post Forecasts Thailand Rice Sales to Decelerate Under Military Government

Jun 03, 2014
USDA Post in Bangkok expects the sale of rice stocks, to finance the rice pledging scheme, to slow down as the
Military government has managed to raise the needed $90 billion baht (around $2 billion) to make payments to
farmers though loan auctions.The Caretaker government, which was not legalized to raise funds through any
manner that would put burden on the new government, had to raise funds only through selling rice stocks from
its warehouses. It sold nearly 4 million tons of rice (2.2 million tons of 5% broken white rice, 1.1 million tons of
fragrant rice and 700,000 tons of other broken rice) between January 1 and May first week.

However, excessive sales by the government put a severe downward pressure on the local paddy rice prices,
which currently stand at 6,000 - 7,000 baht (around $134 - $156) per ton.Based on data from Thai Customs
Department, USDA Post reports that Thailand exported about 2.9 million tons of rice in January 1 - April 30,
2014, up about 48% from about 1.96 million tons exported during the same period in 2013. USDA estimates
Thailand rice stocks at around 15 million tons.

USDA Post estimates Thailand MY 2013-14 (January 2014 - December 2014) milled rice production at 20.46
million tons, slightly below the USDA's official estimate of 20.5 million tons. It estimates Thailand MY 2014-
15 production at 20.13 million tons, about 2% lower that USDA official estimate of 20.5 million tons. USDA
Post estimates Thailand to export 9 million tons of rice in 2014 and 10 million tons in 2015.




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



Tags: Thailand rice production, Thailand rice sales, Thailand rice exports

East African Community Hikes Rice Import Tariff by 10% to Protect Local Farmers
Jun 03, 2014
The East African Community (EAC), comprising of Burundi, Kenya, Rwanda, Tanzania and Uganda, has
increased the import tariff on rice - Common External Tariff (CET) - by 10% to 35% as a means to protect local
rice farmers and prevent cheap imports from Asia, according to local sources.All the EAC Finance Ministers,
except Ugandan Minister, signed the new proposal. Uganda is proposing to increase its import duty to 75% and
increasing local rice production, according to local sources.

Tanzania Finance and Economic Affairs Minister defended the move saying it has been done in the interest of
local farmers. She noted that low import duty in the EAC region has been attractive to rice smugglers, adding
that local farmers need to compete with cheap smuggled rice. She said the decision had been taken after several
consultations among the stakeholders, different ministries and departments from all the member countries.

Tags: Kenya rice production, Tanzania rice production, Uganda Rice Production

Thai Military Government Raises $1.12 Billion from Loan Auctions; BAAC Sets
June 22 Deadline to Complete Payments to Farmers

Jun 03, 2014
Thailand's military government has successfully raised 50 billion baht (around $1.12 billion) needed to
complete payments to farmers waiting to be paid under the abandoned Rice Paddy Pledging scheme, introduced
by the earlier government, according to local sources.Twelve banks participated in the loan auction conducted
by the Public Debt Office (PDO) today. The Government Savings Bank (GSB), which offered the lowest
interest rate of 2.1792%, won the auction, according to local sources.

The interest rate is said to be less than three-year government bonds and is reportedly lowest from any
government loan auctions in Thailand. The GSB will transfer the first tranche of 30 billion baht (around $669
million) to the Bank of Agriculture and Agricultural Cooperatives (BAAC) on June 6 and the remaining 20
billion baht (around $446 million) on June 13, 2014.The PDO sources noted that the PDO will conduct another
auction to raise 40 billion baht (around $892 million) on June 12, 2014 to repay the BAAC, which had been
paying farmers from its reserves, after the military government took charge on May 22, 2014. So far, the BAAC
paid 36 billion baht (around $803 million) to about 360,000 farmers over the last one week.The PDO needs a



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



total of 92 billion baht (around $2 billion) to complete payments to about 800,000 farmers. The BAAC has set a
deadline of June 22 to complete payments to farmers.

Tags: Thailand rice exports, Thailand rice pledging scheme
Asia Rice Quotes Unchanged Today

Jun 03, 2014
Asia rice sellers kept their quotes unchanged today.

5% Broken Rice

Thai 5% rice (of new crop) is quoted at around $375 - $385 per ton, about $25 per ton lower than Viet 5% rice
quoted at around $400 - $410 per ton.
Indian 5% rice is quoted 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 $15 per ton lower than Viet 25%
rice quoted at around $360 - $370 per ton.
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 $415 - $425 per ton. 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.
Tags: India rice prices, pakistan rice prices, Thailand rice prices





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
June 3rd, 2014
Long grain white rice - high quality
Thailand 100% B grade 390-400
Vietnam 5% broken 400-410
India 5% broken 435-445
Pakistan 5% broken 445-455
Cambodia 5% broken 435-445
U.S. 4% broken 580-590
Uruguay 5% broken 625-635
Argentina 5% broken 620-630

Long grain white rice - low quality
Thailand 25% broken 345-355
Vietnam 25% broken 360-370
Pakistan 25% broken 395-405
Cambodia 25% broken 405-415
India 25% broken 390-400
U.S. 15% broken 555-565
Long grain parboiled rice
Thailand parboiled 100% stxd 415-425
Pakistan parboiled 5% broken stxd 435-445
India parboiled 5% broken stxd 405-415



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



U.S. parboiled 4% broken 660-670
Brazil parboiled 5% broken NQ
Uruguay parboiled 5% broken NQ
Long grain fragrant rice
Thailand Hommali 92% 945-955
Vietnam Jasmine 525-535
India basmati 2% broken NQ
Pakistan basmati 2% broken NQ
Cambodia Phka Malis 860-870
Brokens
Thailand A1 Super 310-320
Vietnam 100% broken 335-345
Pakistan 100% broken stxd 325-335
Cambodia A1 Super 350-360
India 100% Broken stxd 310-320
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
For Advertising SPECS & RATES
Contact: Advertising Department
Mujahid Ali
mujahid.riceplus@gmail.com
+92 321 369 2874

You might also like