15th january ,2016 daily exclusive oryza rice e-newsletter by riceplus magazine

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Daily Exclusive ORYZA Rice E-Newsletter

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www.ricepluss.com www.riceplusmagazine.blogspot.com

January 15,2016Vol 6,Issu




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Shipping Index Hits a Fresh Low Not SeenSince 1985Jan 14, 2016

The Baltic Dry Index (BDI), reflecting the cost to ship dry bulk goods like coal, iron ore, cement,fertilizer and grain, has hit a fresh low of 400 and global analysts say this is a sign the real globaleconomy has ground to a halt. The BDI hasn’t hit 400 since January 1985.

The dry bulk shipping market has seen prices slip lower with operating costs exceedingchartering rates, making it difficult for operators to pay off debt. This is a far cry from thescreaming rally a few years ago the ended with a 2008 peak and sharp decline.

The BDI has been hit by a slowing Chinese economy, reducing the nati on’s demand for iron ore

and coal, according to Reuters, and an Indian ban on iron ore exports, according to the BusinessStandard.

Reuters quotes a brokerage and investment bank as saying: "Dry bulk shipping is in the throwsof a generational recession. The recovery in demand no longer appears to be a 2016 event andeven 2017 is in question."

Global Rice QuotesJanuary 14th, 2016

Long grain white rice - high quality

Thailand 100% B grade 360-370 ↔

Vietnam 5% broken 355-365 ↑

India 5% broken 355-365 ↔

Pakistan 5% broken 330-340 ↔

Myanmar 5% broken 415-425 ↑

Cambodia 5% broken 425-435 ↔

U.S. 4% broken 465-475 ↔

Uruguay 5% broken 480-490 ↔

Argentina 5% broken 475-485 ↔




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Long grain white rice - low quality

Thailand 25% broken 340-350 ↔

Vietnam 25% broken 335-345 ↓

Pakistan 25% broken 305-315 ↔

Cambodia 25% broken 410-420 ↔

India 25% broken 325-335 ↔

U.S. 15% broken 485-495 ↔

Long grain parboiled rice

Thailand parboiled 100% stxd 355-365 ↔

Pakistan parboiled 5% broken stxd 405-415 ↔

India parboiled 5% broken stxd 355-365 ↔

U.S. parboiled 4% broken 500-510 ↔

Brazil parboiled 5% broken 520-530 ↔

Uruguay parboiled 5% broken NQ ↔

Long grain fragrant rice

Thailand Hommali 92% 675-685 ↔

Vietnam Jasmine 425-435 ↓

India basmati 2% broken NQ ↔

Pakistan basmati 2% broken NQ ↔

Cambodia Phka Mails 745-755 ↔

Brokens

Thailand A1 Super 315-325 ↔

Vietnam 100% broken 335-345 ↔

Pakistan 100% broken stxd 285-295 ↔

Cambodia A1 Super 350-360 ↔




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India 100% broken stxd 260-270 ↓

Egypt medium grain brokens NQ ↔

U.S. pet food 280-290 ↔

Brazil half grain NQ ↔

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

Oryza U.S. Rough Rice Recap - Prices Dropfor Second Day in a Row as Prospects forNew Demand FadeJan 15, 2016

The U.S. cash market was considerably weaker again today as the pace of new exports salescontinues to disappoint and as the prospects for additional demand seems to fade.

The USDA reported that cumulative net export sales for the week that ended on January 7 th,totaled 43,000 tons, a decrease of 15% from the previous week and the prior 4-week average.

Increases were reported for the following destinations including: 28,300 tons to Haiti, 2,900 tonsto Jordan, 2,800 tons to Mexico, 2,500 tons to Canada, and 2,100 tons to South Korea.

U.S. rice exporters shipped 42,300 tons, an increase of 29% from than last week but 3% lowerthan the prior 4-week average.

Increases were reported for the following destinations including: 28,400 tons to Mexico, 3,800tons to Jordan, 2,200 tons to Taiwan, 2,000 tons to New Guinea, and 1,700 tons to Canada.

Thailand Millers Face Charges for“Circulating” Rice under the MortgageScheme in Fake G2G Deals with ChinaJan 14, 2016




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Thailand’s Attorney -General plans to sue seve rice millers in Thailand for their collaborationwith former commerce minister Boosong Teriyapirom to circulate rice back to Thailand that wasreportedly sold to China in government-to-government (G2G) deals,according to Thailand's The

Nation.

Thai officials have yet to sue the Chinese entities involved in the deal, adding that the case has astatute of limitation of 20 years.

Meanwhile, tomorrow the former Prime Minister Yingluck Shinawatra is required to show up ather first hearing of a witness in a separate case for her responsibility for the now defunct ricemortgage scheme.

Vietnam Rice Quotes Mixed; India RiceSellers Lower Some of Their Quotes TodayJan 14, 2016

Vietnam rice sellers increased their quotes for 5% broken rice by about $5 per ton to about $355-$365 per ton and lowered their quotes for 25% broken rice and Jasmine rice by about $5 per tonand $15 per ton to about $335-$345 per ton and $425-$435 per ton, respectively, today. Indiarice sellers lowered their quotes for 100% broken rice by about $5 per ton to about $260-$270

per ton. Other Asia rice sellers kept their quotes unchanged today.

5% Broken Rice

Thailand 5% rice is indicated at around $350 - $360 per ton, about $5 per ton discount toVietnam 5% rice shown at around $355 - $365 per ton. India 5% rice is indicated at around $355- $365 per ton, about $25 per ton premium on Pakistan 5% rice shown at around $330 - $340 perton.

25% Broken Rice

Thailand 25% rice is indicated at around $340 - $350 per ton, about $5 per ton premium onVietnam 25% rice shown at around $335- $345 per ton. India 25% rice is indicated at around$325 - $335 per ton, about $20 per ton premium on Pakistan 25% rice shown at around $305 -$315 per ton.

Parboiled Rice

Thailand parboiled rice is indicated at around $355 - $365 per ton. India parboiled rice isindicated at around $345 - $355 per ton, about $60 per ton discount to Pakistan parboiled ricelast shown at around $405 - $415 per ton.

100% Broken Rice




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Thailand broken rice, A1 Super is indicated at around $315 - $325 per ton, about $20 per tondiscount to Vietnam 100% broken rice shown at around $335 - $345 per ton. India's 100%

broken rice is shown at around $260 - $270 per ton, about $25 per ton discount to Pakistan broken sortexed rice shown at around $285 - $295 per ton.

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Crater asMarket Adds to Losses Sustained Yesterdayand as Export Sales Continue to DisappointJan 15, 2016

Chicago rough rice futures for Mar delivery settled 42 cents per cwt (about $9 per ton) lower at$10.880 per cwt (about $240 per ton). The other grains finished the day with mixed results;Soybeans closed about 0.3% higher at $8.8225 per bushel; wheat finished about 1.9% lower at$4.6875 per bushel, and corn finished the day unchanged at $3.5800 per bushel.

U.S. stocks traded higher Thursday, attempting to stabilize after a steep sell-off, helped by somerecovery in oil prices and comments from Federal Reserve policymakers. The S&P 500 heldmore than 1.5% higher in afternoon trade, topping the psychologically key level of 1,900 inintraday trade as the energy sector traded more than 4% higher. In economic news, weekly

jobless claims rose to 284,000. December import prices fell 1.2%, for a sixth-straight month ofdeclines as the cost of petroleum and a range of other goods fell further, suggesting a tame

inflation environment could persist in the near term, Reuters said.Overnight, the People's Bank of China set Thursday's yuan mid-point rate at 6.5616, comparedwith Wednesday's fix of 6.5630. European stocks closed more than 1.5% lower Thursday. Asianstocks ended mostly lower, with only the Shanghai composite closing higher, up nearly 2%.Inafternoon trade, the Dow Jones industrial average traded 251 points higher, or 1.57%, at 16,402.The S&P 500 added 31 points, or 1.66%, to 1,921, with energy leading all sectors higher. The

Nasdaq composite rose 85 points, or 1.89%, to 4,611. Gold is seen trading about 1.3% lower,crude oil is seen trading about 3.3% higher, and the U.S. dollar is seen trading about 0.1% higherat about 1:15pm Chicago time.

Wednesday, there were 1,108 contracts traded, up from 471 contracts traded on Tuesday. Openinterest – the number of contracts outstanding – on Wednesday decreased by 159 contracts to13,310.

Exclusive News have been shared with written permission of ORYZA.com with thanks

15th january ,2016 daily exclusive oryza rice e-newsletter by riceplus magazine

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