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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



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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
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.



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Argentine peso was weaker -0.02% at 8.1341 pesos per dollar.



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 Tuesdays 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 its a curry
but the dish has apparently been a Swiss favorite since it was added to Mvenpick 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




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What You Do:
Heat butter or oil in a saucepan over medium heat. Add rice and saut for a few minutes.
Add boiling water and boil rapidly for 10 minutes.
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.



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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.
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




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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
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






















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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.



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"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
500 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



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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
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 Cte dIvoire, 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.




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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



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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



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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% 985-995
Vietnam Jasmine 575-585
India basmati 2% broken NQ
Pakistan basmati 2% broken NQ
Cambodia Phka Malis 845-855
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 1070-1080
Egypt medium grain 6% NQ
All prices USD per ton, FOB vessel, oryza.com