Your Newsletter For Global Rice Prices & News sarkis arslanian b.

Your Newsletter For Global Rice Prices & News

Aug 21, 2013
Oryza U.S. Rough Rice Recap – Cash Bids Decline With Futures; Farmers Wait For Higher Prices
The U.S. cash market was mostly quiet today as seller price ideas continue to hold steady while most bids dropped with the futures market to levels that did not attract much interest, if any.What little old crop that is left was offered $17.22 per cwt fob farm (about $380 per ton) for August-...

Aug 21, 2013
Oryza Rice Currency Analysis for Today – Brazil Real Down 1.8%; Mexico Peso Down 1.4%; India Rupee Down 1.3%
U.S. dollar index was up +0.40% from the open today, when it traded at 81.227 at the close.Euro was -0.30% lower today by the close, trading around 1.3378 by end of day, after trading between an intraday high of 1.3427 and low of 1.3336. The dollar traded higher after U.S. Federal Reserve...

Aug 21, 2013
Oryza Afternoon Recap – Chicago Rough Futures Pull Back from Yesterday’s High, Despite Grains Rally
Chicago rough rice futures for September delivery settled 18 cents per cwt (about $4 per ton) lower at $15.600 per cwt (about $344 per ton). Rough rice futures were unable to maintain their upward momentum noted yesterday and pulled back nearly 20 cents per cwt (about $4 per ton) on the day. Buyers...

Aug 21, 2013
Thailand Plans To Release 200,000 Tons of Rice in Domestic Retail Market
The Thai government is planning to release around 200,000 tons of white rice into the domestic market in small 5-kilogram packs to help reduce rice stocks with the government and ease the cost of living in Thailand. According to local sources, the 5-kilogram bags are likely to be sold at around 85-...

Aug 21, 2013
Zambia 2013 Rice Import Requirements Forecast at 15,000 Tons
Zambia’s rice production in 2013 is expected to reach around 47,484 tons, about 15,000 tons less the domestic consumption of around 62,484 tons, according the Japanese International Cooperation Agency (JICA). JICA says that rice production in Zambia is hurt due to poor rice yields in the country....

Aug 21, 2013
India Asks Russia to Lift Ban on Indian Rice
India has asked the Russian Minister of Economic Development to revoke the temporary ban on rice imports from India which Russia had placed in February 2013 over Khapra beetle contamination.In a meeting on the sidelines of the ASEAN Ministerial meeting in Brunei, India’s Commerce Ministry sought...

Aug 21, 2013
China Imports 1.46 Million Tons of Rice in January – July 2013, Up 4% from Last Year
China’s rice imports during January – July 2013 stand at around 1.46 million tons, up about 4% from rice imports during the same period in the previous year, according to the Beijing-based Customs General Administration (CGA).Rice imports by China have declined during May – July 2013, standing at...

Aug 21, 2013
Hydroelectric Dams Threaten Millions of Hectares of Rice Land in South East Asia
Several governments in Southeast Asia are keen to build hydroelectric dams on major rivers in the region to drive the power-hungry economies of the region and China. However, activists and scientists say that the move will adversely affect or end rice cultivation in millions of hectares in...

Aug 21, 2013
Pakistan Exports 292,564 Tons of Rice in July 2013, Up 48% from July 2012
Pakistan exported about 292,564 tons of rice in July 2013, up about 48% from around 196,819 tons of rice exported in July 2012, according to provisional data from the Pakistan Bureau of Statistics (PBS). In terms of value, rice exports in July 2013 stood at around $173,814, up about 34% compared to...

Aug 21, 2013
Thailand, Vietnam, India Rice Sellers Lower Some of Their Quotes Today
Thailand rice sellers lowered their quotes for 5% broken rice, 25% broken rice and parboiled rice by about $5 per ton each to about $425 – $435 per ton, $410 - $420 per ton and $480 - $490 per ton respectively today. Vietnam rice sellers lowered their quotes for 100% broken rice and Jasmine rice by...

Aug 21, 2013
Oryza Quick Glance at World News
Financial Times –*JPMorgan Chase has hired a venerable New York law firm, Paul Weiss, to conduct an internal investigation into its hiring practices in Hong Kong as the bank struggles to understand the potential depth of the issue.*The Mexican economy unexpectedly contracted for the first time in...

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