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Daily Exclusive ORYZA Rice E-Newsletter

December 11 ,2015
Vol 5,Issue XII

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Daily Exclusive ORYZA Rice E-Newsletter

Cambodia Misses One Million Ton Rice


Export Target Due to Inadequate
Infrastructure, Says Prime Minister
Dec 10, 2015

Cambodia failed to achieve the self-imposed target of exporting one million tons of rice by 2015
due to inadequate milling and storage facilities as well as access to finance, the Xinhua News
Agency quoted the country's Prime Minister as saying at a national conference.
"So far this year, we had exported only half a million tons of milled rice, or about 50 percent of
the target, so we cannot achieve the target of exporting 1 million tons of milled rice by 2015," he
was quoted. "Tough competition with other rice exporters such as Thailand, Vietnam, Myanmar,
and India was also a contributing factor to the failure," he added.
The government set the target in 2010.
The Ministry of Agriculture is estimating the 2015 paddy rice output to exceed 9.2 million tons,
including about 2.1 million tons from the dry season crop and about 7.1 million tons from the
main season crop. It is expecting around 3 million tons of milled rice available for exports in
2016.
China, France, Poland, Malaysia, and the Netherlands are the major destinations for Cambodia's
milled rice.
Cambodia has exported around 369,105 tons of milled rice in the first nine months of 2015, up
about 37% from around 269,370 tons exported during the same period last year. The Southeast
Asian nation exported around 370,000 tons of rice in 2014.
USDA estimates Cambodia to export 1.1 million tons of rice (including official and unofficial
exports to Vietnam and Thailand through borders) in 2015, up about 10% from an estimated 1
million tons in 2014.

Brunei Urges Rice Farmers to Adopt IPM


Technique to Avoid Pest-Related Yield Losses
Dec 10, 2015

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Brunei's Department of Agriculture and Agrifood (DAA) is promoting the use of Integrated Pest
Management (IPM) techniques to avoid pest-related yield losses in the country, according to
Brunei Times.
An official from the DAA told reporters that pests such as stem borers, brown plant hoppers,
green leafhoppers and rice leaf folders have been impacting reducing the effectiveness of rice
production in the countries. He noted that these needed to be taken seriously to boost paddy
yields.
"Most of these pests only affect the plant at a certain growth stage. But some of them also feed
on the planting until ripening stage, he was quoted. He added that the pests feed on the roots,
stems, leaves and grains of paddy, and they impact production depending on the incidence and
severity. Therefore checking the pest population is important, he said.
He noted that: "IPM is a comprehensive approach to pest control that combines the use of
physical, cultural, biological and chemical control to reduce the incidence of pests to a tolerable
level while maintaining a quality environment. He stated that chemical control should be used
as a last resort as chemicals are hazardous to human health and will allow pests to develop
immunity to the pesticides.
The official noted that though the DAA is offering to sell pesticides to farmers at a reduced price
to help them contain production costs, it is discouraging the reliance of farmers on chemical
control.
Brunei produces only 2% of the nation's domestic annual rice consumption of around 40,000
tons. Bruneis rice production has remained at around 1,000 tons since 2002. Brunei imports
95% of its rice requirement from Thailand. Brunei imported about 20,948 tons of rice from
Thailand in the first ten months of 2015, and it imported a total of 42,207 tons of rice in 2014,
according to data from the Thai Rice Exporters Association (TREA).
The USDA estimates Brunei to produce 1,000 tons of milled rice and import around 40,000 tons
in 2015, to meet a consumption demand of around 41,000 tons.

Philippines to Import 300,000 - 400,000 Tons


of Rice in Second Quarter of 2016 to Ensure
Adequate Stocks
Dec 10, 2015

The government of the Philippines will buy an additional 300,000 - 400,000 tons of rice in the
second quarter of 2016 to ensure adequate stocks amid concerns of extending dry conditions
because of the El Nino weather phenomenon, according to Reuters. The National Food Authority

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(NFA) Council and the Cabinet Task Force on El Nino have agreed for the additional imports,
according to the Presidential Communications Secretary.
"Preparations are in place to deal with the worst possible El Nino scenario," the official told
reporters. "The full effect of the current El Nino phenomenon will be felt in February and March
2016 when the entire country is projected to get only 20 to 30 percent of normal rainfall," he
added.
The volume of new imports is above the already approved 500,000 tons of rice by the NFA
Council. The rice is purchased from Thailand and Vietnam, and is expected to be delivered in the
first quarter of 2016. The new imports by the Philippines are expected to push up rice export
prices in Asia.
Last month, the government indicated a need to purchase an additional 1.3 million tons of rice in
the second quarter, but the Economic Planning Secretary recently noted that the additional
requirement could be lower than expected because of better than expected paddy output in the
coming months.
The Philippines imported a total of 1.8 million tons of rice this year due to reduced output from
the El Nino linked dry weather conditions as well as other natural calamities like floods and
storms.

Indonesia Signs Four-Year G2G Rice Import


MoU with Pakistan
Dec 10, 2015

The government of Indonesia has signed a Memorandum of Understanding (MoU) to import


around one million tons of white rice with Pakistan between 2016-19, local sources quoted a
message from the Pakistan Embassy.
The Indonesian Trade Minister and the Ambassador of Pakistan have signed the MoU in
Islamabad on December 9, 2015. The MoU is understood to help Indonesia to replenish its rice
stocks amid concerns of falling production due to extending drought conditions.
The value of the four-year rice import contract is reportedly around $400 million. The
Indonesian state logistics agency Bulog and the Trading Corporation of Pakistan (TCP) will
reportedly implement the contract.
The Indonesian government has similar rice import MoUs with other ASEAN countries such as
Thailand, Vietnam, Cambodia and Myanmar. However, this is the first time it has signed a MoU
with a non-ASEAN country.

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Trade between Pakistan and Indonesia increased significantly following the conclusion of a
Preferential Trade Agreement in 2013.
Export quotes of Pakistan 5% and 25% broken rice varieties increased to $335 per ton and $305
per ton in response to the MoU news.

South Korea Buys 55,555 Tons of NonGlutinous Brown Rice in Tender


Dec 10, 2015

South Korea's state run Agro Fisheries & Food Trade Corporation (KAFTC) has purchased
55,555 tons of non-glutinous brown rice of China and U.S. origins for delivery between March
31, 2015 and April 30, 2015 in tenders that closed on December 9, 2105, according to a
statement on its website.
The details of the bidding are as follows:

Global Rice Quotes


December 10th, 2015
Long grain white rice - high quality
Thailand 100% B grade 355-365

Vietnam 5% broken

370-380

India 5% broken

345-355

Pakistan 5% broken

330-340

Myanmar 5% broken

410-420

Cambodia 5% broken

415-425

U.S. 4% broken

485-495

Uruguay 5% broken

515-525

Argentina 5% broken

530-540

Long grain white rice - low quality


Thailand 25% broken

335-345

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Vietnam 25% broken

355-365

Pakistan 25% broken

300-310

Cambodia 25% broken 400-410

India 25% broken

320-330

U.S. 15% broken

515-525

Long grain parboiled rice


Thailand parboiled 100% stxd

345-355

Pakistan parboiled 5% broken stxd

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

405-415

Long grain fragrant rice


Thailand Hommali 92%
Vietnam Jasmine

690-700
440-450

India basmati 2% broken

NQ

Pakistan basmati 2% broken

NQ

Cambodia Phka Mails 830-840

Brokens
325-335

Vietnam 100% broken 330-340

Thailand A1 Super

Pakistan 100% broken stxd


Cambodia A1 Super

285-295

355-365

India 100% broken stxd

280-290

Egypt medium grain brokens

NQ

U.S. pet food

330-340

Brazil half grain

NQ

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

India Rice Stocks in Central Pool Stand at


11.315 Million Tons as of December 1, 2015;
Down 48% from Last Year
Dec 10, 2015

Indias rice stocks in the central pool as of December 1, 2015 stood at around 11.315 million
tons (including a milled equivalent of about 2.041 million tons of paddy), down about 48% from
around 21.57 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 down about 8% from around 12.27
million tons recorded on November 1, 2015. The current rice stocks are about one million tons
more than the required strategic reserve norms of around 10.25 million tons for this time of the
year, according to the FCI.Total food grain stocks (including rice and wheat) in the central pool
stand at around 38.278 million tons as of December 1, 2015, down about 22% from last year's
stock of around 49.381 million tons and down about 9% from last month's stock of around 42.26
million tons. Wheat stocks stand at around 26.88 million tons, down about 2.5% from last year's
stock of around 27.569 million tons and down about 10% from last month's stock of around
26.88 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 30.77 million tons.

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