22nd february ,2016 daily exclusive oryza rice e newsletter by riceplus magazine

Daily Exclusive ORYZA Rice E-Newsletter

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

Febuary 22,2016 Vol 7,Issue II


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Global Rice Quotes

February 22nd, 2016

Long grain white rice - high quality

Thailand 100% B grade 365-375 ↔

Vietnam 5% broken 350-360 ↑

India 5% broken 360-370 ↔

Pakistan 5% broken 340-350 ↔

Myanmar 5% broken 415-425 ↔

Cambodia 5% broken 425-435 ↔

U.S. 4% broken 460-470 ↔

Uruguay 5% broken 440-450 ↔

Argentina 5% broken 430-440 ↔

Long grain white rice - low quality

Thailand 25% broken 345-355 ↔


Pakistan 25% broken 305-315 ↔

Cambodia 25% broken 405-415 ↔

India 25% broken 325-335 ↔

U.S. 15% broken (sacked) 440-450 ↔

Long grain parboiled rice

Thailand parboiled 100% stxd 365-375 ↔

Pakistan parboiled 5% broken stxd NQ ↔

India parboiled 5% broken stxd 350-360 ↔

U.S. parboiled 4% broken 480-490 ↔

Brazil parboiled 5% broken 520-530 ↔

Uruguay parboiled 5% broken NQ ↔

Long grain fragrant rice

Thailand Hommali 92% 680-690 ↔

Vietnam Jasmine 410-420 ↔

India basmati 2% broken NQ ↔

Pakistan basmati 2% broken NQ ↔

Cambodia Phka Mails 750-760 ↔

Brokens

Thailand A1 Super 325-335 ↔


Pakistan 100% broken stxd 285-295 ↔

Cambodia A1 Super 345-355 ↔

India 100% broken stxd 260-270 ↔

Egypt medium grain brokens NQ ↔


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U.S. pet food 280-290 ↔

Brazil half grain NQ ↔

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

China Faces Rice Storage Problems Due to

Government Procurement Policy

Feb 19, 2016

China is currently facing rice storage problems due to the government's procurement policy at

high prices, according to experts, reports Caixin Online.

Though the policy is very attractive to farmers, they are now the victims as the state grain buying

agency Sinograin is not in a position to buy rice as all its warehouses are filled up. While

Sinograin's warehouses can hold up to 500,000 tons of rice annually, it had to buy nearly 1.7

million tons of rice in 2013, 1.2 million tons in 2014 and 1.5 million tons in 2015.

Sinograin has been building new granaries and partnering with private companies, which can

provide storage facilities. The agency opened about 115 new warehouses across the country, but

the storage problems are still persisting. This year, several farmers in various provinces are

reportedly waiting for the agency to buy up their rice.

Industry sources say the agency still holds rice from 2013, which is feared to have spoilt. The

Sinograin planned to sell some stockpiled rice in the domestic market, but there were very few

buyers for the rice as the government is reluctant to lower selling prices.

The sources say farmers support the government's high procurement prices, which have almost

doubled import prices from Thailand and Vietnam in 2015. But other market players noted that

the government's policy of high procurement prices has distorted grain markets in the country.

One of the rice processing factory owner expressed concern that the government's purchase

policy continues would be a threat to the processing factories.

Most of the factories are managing by leasing some of their space to the Sinograin for storing

reserves. Experts are warning that more alternatives should be sought to protect farmers. They

are suggesting that the government should let the market determine the prices. They noted that

the private companies should be allowed to compete with the Sinograin in running the whole

procurement process.

Meanwhile, farmers are just hoping that more warehouses would come up and the government

would buy up their rice.


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Drought and Salt Water Intrusion to Affect

330,000 Hectares of Winter-Spring Rice in

Mekong Delta, Says MARD

Feb 19, 2016

Vietnam's Ministry of Agriculture and Rural Development (MARD) is estimating that the on-

going drought and consequent salt water intrusion are likely to affect about 330,000 hectares (or

about 35%) of winter-spring rice in the Mekong Delta region, according to local sources. Winter-

spring crop accounts for about 62% of the Delta’s annual rice production.

More than 950,000 hectares of winter-spring rice has been planted in the delta's eight coastal

provinces – Long An, Tien Giang, Ben Tre, Tra Vinh, Soc Trang, Bac Lieu, Kien Giang, and

Hau Giang.

The delta is reportedly facing the worst drought and salt water intrusion in 90 years, according to

the MARD sources. They noted that last year rainy season started late and ended early due to the

El Nino phenomenon. Lesser rains have caused a shortage of fresh water and salt water intrusion

to begin two months earlier than normal, they said. Salt water reportedly encroached 40-90

kilometers inland up the delta's major rivers, 10-15 kilometers further than usual.

The provincial administrations are taking measures to mitigate the damages, including

restructuring crop cultivation schedules, building temporary dams and dredging canals to store

fresh water and installing public pumps. However, they are not able to contain the damages to

agriculture.

Speaking at a seminar in Can Tho City on Wednesday, the Agriculture Minister called for long-

term solutions to deal with drought and salt water intrusion. But mobilizing funds to implement

sustainable solutions is a major challenge, he said.

In the same seminar, the Deputy Prime Minister said each province should have a comprehensive

plan to combat the current situation. He noted that the government would allocate VND2.3

trillion (around $104 million) from bonds and official development assistance loans for the delta

to combat drought and salt water intrusion. He also ordered the Ministry of Finance to allocate

around VND2 million (around $95) per hectare to affected households.

FAO Forecasts China MY 2015-16 Rice

Imports to Decline 6% y/y to 5.8 Million Tons

Feb 19, 2016


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The UN's Food and Agriculture Organization (FAO) forecasts china's MY 2015-16 (June - May)

rice imports to decline about 6% y/y due to government's efforts to limit informal imports. The

FAO forecasts china's total cereal imports in the 2015-16 marketing year to fall by 6% y/y to 29

million tons from last year's exceptionally high level due to record 2015 harvests and large

stocks.

The FAO forecasts China's 2015 paddy rice output at around 208.25 million tons, up from

around 206.507 million tons in 2014 due to favourable weather conditions.

Retail prices of Japonica rice increased

slightly in January 2016 mainly due to

sustained domestic demand. However, they

are mostly similar to their year-ago levels,

according to the FAO. Oryza Weekly: Rice

Prices Continue to Fall on Low Demand


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Feb 20, 2016

The Oryza White Rice Index (WRI), a weighted average of global white rice export quotes,

ended the week at about $381 per ton, down about $2 per ton from a week ago down about $3

per ton from a month ago and down about $38 per ton from a year ago.

U.S. stock markets were dragged lower on Friday amid a slide in crude oil prices; the S&P 500 is

poised for the best week of 2016. Rising rents and healthcare costs are boosting prospects that

the U.S. Federal Reserve will gradually raise interest rates this year. Most analysts see other

major central banks holding interest rates steady, an atmosphere that could lead to a

comparatively stronger U.S. dollar against other major currencies.

Thailand

Thailand 5% broken rice is today quoted at about $360 per ton, down about $10 per ton from a

week ago, up about $5 per ton from a month ago and down about $45 per ton from a year ago.

The government sold about 152,377 tons of stockpiled rice worth about 1.78 billion baht (about

$50 million) in the first auction of this year. Bids of 15 private companies were reportedly

successful. In the second auction this year the government sold about 245,262 tons of stockpiled

rice worth about 1.53 billion baht (about $43 million). Bids of nine private companies were

reportedly successful in today’s auction.


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In 2015, Thailand exported about 9.795 million tons of rice, down about 11% from the same

period last year.

Thailand, which is part of the Mekong River Commission, is being accused of diverting water

from the Mekong River to its Northeastern states that are suffering from drought conditions

without proper notice to the MRC, according to Vietnamese media reports.

Witnesses present in Court on February 17 to testify against the former Prime Minister told

judges that the scheme lacked appropriate accounting systems leading to loopholes in

disbursements of the state budget.

Thailand’s 2015-16 secondary rice crop (January-June) acreage declined by about half to around

800,000 hectares due to extending drought conditions.

Vietnam

Vietnam 5% broken rice is today quoted at about $350 per ton, down about $5 per ton from a

week and a month ago and down about $10 per ton from a year ago.

Experts warn that increasing salt water intrusion in Vietnam is likely to impact the nation’s rice

production and exports significantly.

Vietnam's Ministry of Agriculture and Rural Development (MARD) is estimating that the on-

going drought and consequent salt water intrusion are likely to affect about 330,000 hectares (or

about 35%) of winter-spring rice in the Mekong Delta region. Winter-spring crop accounts for

about 62% of the Delta’s annual rice production.

Cambodia

Cambodia 5% broken rice is today quoted at about $415 per ton, down about $15 per ton from a

week ago and a month ago, and down about $20 per ton from a year ago.

Myanmar

Myanmar 5% broken rice is today quoted at about $420 per ton, unchanged from a week and a

month ago and up about $5 per ton from a year ago.

Officials of the Myanmar Rice Federation are urging the government to prepare rice reserves in

anticipation of El Nino-induced drought conditions in the country.

India

India 5% broken rice is today quoted at about $365 per ton, unchanged from a week ago, up

about $5 per ton from a month ago, and down about $30 per ton from a year ago.


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India’s total rice exports during the first nine months of FY 2015-16 (April-December) have

declined about 10% y/y to around 7.79 million tons.

The government of India forecasts India’s 2015-16 (July-June) milled rice output to decline

about 2% y/y to around 103.61 million tons.

Wholesale basmati rice prices in the national capital increased Wednesday due to an increase in

buying for stockpiling.

The government hopes to secure a one million ton rice export deal with Indonesia, which is

likely to experience a decline in rice production this year due to ongoing dry conditions.

The Food Corporation of India and other government agencies have procured about 26.13

million tons of paddy in the 2015-16 kharif marketing season, up about 21% from the same time

last year.

The USDA Post forecasts India’s exports in the current marketing year at around 8 million tons,

a decrease of about 33% from last year.

The Agricultural and Processed Food Products Export Development Authority has made it

mandatory for all Indian rice mills/processing units exporting basmati rice to the U.S. to register

with India’s plant quarantine organization to ensure quality rice exports to the U.S.

The India-based Geographical Indications registry has granted the GI certification to India’s

basmati rice, providing it a legal protection from other countries and companies using the

“basmati” tag. India’s central state Madhya Pradesh sought inclusion in the GI tag application,

but was opposed, and the case will now be going to court.

A report by the National Sample Survey using data collected between January and December

2013 found that only 5% of rice farmers in the country insured their crops, and the majority of

them were not even aware of the insurance concept.

The UN's Food and Agriculture Organization (FAO) forecasts India's rice exports to decline in

2016 from last year's high level. It forecasts India's 2015 paddy rice output to decline about 2%

to around 155.407 million tons from around 158.210 million tons in 2014 due to an expected

decline in secondary rabi rice crop (November - May).

Pakistan

Pakistan 5% broken rice is today quoted at about $345 per ton, up about $10 per ton from a week

ago, up about $5 per ton from a month ago and down about $5 per ton from a year ago.

The Rice Exporters Association of Pakistan (REAP) has urged the government to provide zero-

rated sales tax status to them as they are facing severe liquidity crunch due to pending tax refund

claims.


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The Kenya Port Authority (KPA) has reportedly agreed to release Pakistani rice consignments

stuck at the Mombasa port in Kenya since January 20, 2016, following the cancellation of

licence of two port yards Auto Ports Container Freight Station (CFS) and Portside CFS over

allegations of dealing in contraband goods.

Central & South America

Brazil 5% broken rice is today quoted at about $460 per ton, unchanged from a week and a

month ago and down about $90 per ton from a year ago. The Brazilian paddy rice index

maintained by the Center for Advanced Studies on Applied Economics (CEPEA) reached around

42.1 real per 50 kilograms as of February 15, 2016, up around 0.36% from around 41.95 real per

50 kilograms recorded on February 08, 2016. In terms of USD, the index reached around $207

per ton on February 15, 2016, down around 3.7% from around $215 per ton recorded a week

ago. Month-on-month, the index has increased around 1.84% from around 41.34 real per 50

kilograms recorded month ago. In terms of USD, the index increased around 1.24% during the

month.

Five percent broken rice from Uruguay and Argentina is today quoted at about $440 per ton,

unchanged from a week ago, down about $45 per ton from a month ago and down about $160

per ton from a year ago.

The UN’s FAO estimates Bolivia’s 2015-16 rice and other cereal imports to decline from the

high levels of the previous two years due to a record production in 2015. It estimates total cereal

imports (including rice) in 2015 will decline about 19% y/y to around 476,000 tons. Bolivia’s

2015 paddy rice production increased by about 25% y/y, to around 472,000 tons.

U.S.

U.S. 4% broken rice is today quoted at about $465 per ton, unchanged from a week ago, down

about $5 per ton from a month ago and down about $20 per ton from a year ago.

Chicago rough rice futures for March delivery fluctuated this week, moving higher early in the

week after the Monday holiday and then closing back below $11.000/cwt (about $243 per ton)

on Thursday. The weekly high was on Wednesday, when futures reached $11.175/cwt (about

$246 per ton).

The U.S. cash market saw little action this week but oscillated with the futures market as farmers

remained on the sidelines.

The USDA’s Grain Inspection, Packers, and Stockyards Administration is developing a new

software called “Rice Studio,” which can be used along with consumer-grade photo scanners to

grade rice by measuring the percentage of broken kernels in milled rice quickly and accurately.

Other Markets


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The government of the Philippines may not import rice for the lean season (July-September)

this year due to adequate stocks.

The government of Sri Lanka plans to export some of its 200,000 tons of surplus paddy rice to

Southern African nations.

The Maldives plans to import rice and other products from Bangladesh.

The UN’s FAO estimates Bhutan’s MY 2015-16 (July-June) rice imports at around 70,000

tons. It estimates total cereal imports, including rice, will decline about 8% y/y due to good 2015

harvests.

South Korea’s state-run Agro Fisheries & Food Trade Corporation is seeking to buy about

40,000 tons of non-glutinous rice in tenders for delivery between May 31 and June 30.

The government of China, which is facing storage problems, plans to clear old rice and corn

stocks from reserves. The government’s procurement program is being criticized for the

country’s storage problems.

The UN's Food and Agriculture Organization (FAO) forecasts china's MY 2015-16 (June - May)

rice imports to decline about 6% y/y due to government's efforts to limit informal imports. It

forecasts China's 2015 paddy rice output at around 208.25 million tons, up from around 206.507

million tons in 2014 due to favorable weather conditions.

The Rice growers Association of Australia is urging the government to expedite the process of

signing a biosecurity protocols agreement with China in order to export rice there.

Ukraine’s 2016 rice output is expected to increase about 12% y/y due to an expected increase in

acreage by about 23%.

Rice imports by the European Union have increased sharply since the beginning of the crop

year 2015-16 (September-August), with the EU importing about 526,984 tons of rice during the

period September 1 – February 9, an increase of about 19% from the same period last year.

The EU’s rice imports from the Least Developed Countries of Asia such as Cambodia and

Myanmar under the Everything But Arms Agreement have reached about 151,326 tons in the

first five months of the crop year 2015-16 (September-January), an increase of about 40% from

the same period last year.

The European Commission will soon present a proposal authorizing the temporary inclusion of

tricyclazole fungicide, used to contain rice blast disease, among those authorized in agriculture.

The President of the Association of the Italian Milling Industries is urging rice farmers to

increase the hectarage of Indica rice varieties.


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The UN’s FAO estimates Tanzania’s MY 2015-16 (July-June) rice imports at around 100,000

tons, and estimates its 2015 paddy rice production to decline about 7% y/y to around 2.4 million

tons.

Rice farmers in Ghana are concerned that there are no buyers for locally produced rice due to

the influx of imported rice.

The government of Angola has set up the National Council of Pricing to monitor prices of rice

and other food items such as sugar, milk, beef, fish, and corn.

FAO Forecasts 2016 India Rice Exports to

Decline from Last Year's Elevated Level

Feb 19, 2016

The UN's Food and Agriculture Organization (FAO) forecasts India's rice exports to decline in

2016 from last year's elevated level. It forecasts India's total cereal exports in the 2015-16


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marketing year (April/March) to decline about 27% y/y to around 12.5 million tons mainly due

to a sharp decline in wheat exports.

The FAO forecasts India's 2015 paddy rice output to decline about 2% to around 155.407 million

tons from around 158.210 million tons in 2014 due to an expected decline in secondary rabi rice

crop (November - May). The FAO estimates the rabi rice planting area to decline about 7% over

last year. The final outcome of this season’s harvests will depend on the availability of water

supplies for irrigation and rainfall in the coming weeks, which are critical for crop development,

says the FAO.

Harvesting of the 2015 kharif rice crop (July - December) is complete and the FAO estimates the

kharif output at around 90.6 million tons, marginally below last year's level.

Retail prices of rice were stable in most markets in January 2016, despite the progressive arrival

of the 2015 main crop in the market, due to the on-going government procurement purchases.

Kenya Port Authority Agrees to Release

Pakistan Rice Consignments, Says REAP

Chairman

Feb 19, 2016

The Kenya Port Authority (KPA) has reportedly agreed to release Pakistani rice consignments

stuck at the Mombasa port in Kenya since January 20, 2016, following the cancellation of

licence of two port yards Auto Ports Container Freight Station (CFS) and Portside CFS over

allegations of dealing in contraband goods, Pakistan media quoted the Chairman of the Rice

Exporters Association of Pakistan (REAP).

Over 1,300 containers carrying 37,000 tons of rice worth $13 million have been held up at the

Kenyan port despite paying all local duties and taxes. The release of the containers was

reportedly linked with 100% examination.

The REAP Chairman and the Pakistan High Commission Commercial Counsellor in Nairobi met

with the Managing Director of the KPA and other related officials and requested them to release

the containers without 100% examination as they were imported by genuine importers. He also

reportedly sought for the waiving of all demurrages and storage/re-marshalling charges that

would have accrued over the past few days. It is understood that the KPA agreed to waive off the

charges and asked REAP to provide the details of Bill of Lading along with container numbers of

the consignments lying at the KPA.


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"We have also asked for a deadline of 15th March, 2016 for removing the balance rice

consignments from KPA without any storage or additional charge and KPA officials are almost

agreed to it," the REAP Chairman was quoted.

Kenya is a traditional importer of Pakistani rice and the bilateral trade between Kenya and

Pakistan is more than $600 million, according to the Pakistan High Commission Commercial

Counsellor.

Oryza U.S. Rough Rice Recap - Prices Firm

with Strong Export Sales

Feb 20, 2016

The U.S. cash market was slightly firmer today after the USDA reported respectable export sales

figures despite most buyers being hand-to-mouth.

The USDA reported that cumulative net export sales for the week that ended on February

11 totaled 90,600 tons, an increase of 71% from the previous week and considerably higher than

the prior 4-week average.

Increases were reported for the following destinations: 41,400 tons to Mexico, 22,100 tons to

Colombia, 5,400 tons to Saudi Arabia, 4,900 tons to Haiti, and 4,700 tons to Jordan.

U.S. rice exporters shipped 38,000 tons, a decrease of 23% from than last week and 26% lower

than the prior 4-week average.

Increases were reported for the following destinations: 7,300 tons to Taiwan, 7,000 tons to Haiti, 6,100

tons to El Salvador, 3,900 tons to Mexico, and 2,900 tons to Canada

Pakistan Exporters Seek Zero Sales Tax

Status

Feb 19, 2016

The Rice Exporters Association of Pakistan (REAP) has urged the government to provide zero

sales tax status to them as they are facing severe liquidity crunch due to pending tax refund

claims, according to local sources.

The REAP Chairman was responding to the Prime Minister's recent decision to restore zero tax

status to five export sectors, including textile, leather, carpet, sports goods and surgical goods.

He said the Prime Minister should include rice sector also in the list.


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“Rice exporters contribute a major share to the country’s export earnings and are providing direct

and indirect employment to millions, ” he said. “Rice is the second largest export commodity,

but despite earning $2 billion annually, we are not being given benefits while exporters of other

commodities are facilitated,” he added.

The REAP Chairman also noted that rice exporters are facing with several problems and

consequently their export capacity is being severely impacted. He noted that exports are already

below target both in terms of value and volume. Absence of zero-rated facility and imposition of

sales tax would further be burdensome to exporters.

He said that the association has also written letters to the Finance and Commerce Ministers

asking them to provide zero sales tax facility to rice exporters and exempt them from sales tax

and income tax on utility services.

Wholesale Basmati Rice Prices in India

Continue to Rise on Increased Buying for

Stockpiling

Feb 19, 2016


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Wholesale basmati rice prices in the national capital have increased today for third consecutive

day owing to an increase in buying for stockpiling against restricted supplies from producers,

according to the Press Trust of India (PTI).On February 19, 2016, prices of Pusa 1121 increased

to around Rs.4,050 - 4,950 per quintal (around $592 - $724 per ton) from previous levels of

around 3,900 - 4,800 per quintal (around $572 - $703 per ton).Prices of common basmati

increased to around Rs.5,300 - 5,400 per quintal (around $775 - $790 per ton) from previous

levels of around Rs.5,100 - 5,200 per quintal (around $747 - $762 per ton)."Steady inflow of

buying by stockists against restricted supplies from producing regions kept rice basmati prices

higher," traders were quoted as saying.

Oryza CBOT Rough Rice Futures Recap -

Chicago Rough Rice Futures Recover to

Finish the Week $0.26/cwt Higher as Market

Participants Eye Potential Demand

Feb 20, 2016

Chicago rough rice futures for Mar delivery settled 16 cents per cwt (about $4 per ton) higher at

$11.020 per cwt (about $243 per ton). The other grains finished the day lower; Soybeans closed

about 0.2% lower at $8.8075 per bushel; wheat finished about 0.4% lower at $4.6675 per bushel,

and corn finished the day about 0.1% lower at $3.6925 per bushel.

U.S. stocks traded in a range Friday, continuing to consolidate after solid gains earlier in the

week and mostly shaking off pressure from declines in oil prices. The major averages held mixed

in afternoon trade, but well off session lows with the Nasdaq composite trading mostly higher.

WTI futures for March delivery, which expires Monday, pared losses to trade about 2% lower

blower $30 a barrel after the U.S. oil rig count showed a decline of 26 in the last week, Baker

Hughes said. As of the close Thursday, the major U.S. averages were up more than 2.5% for the

week so far, on pace for their best week since November. In economic news, the consumer price

index showed a 0.3% rise ex-food and energy in January. The headline figure was unchanged

from the previous month.

Year-over-year, the core CPI advanced 2.2%, the largest rise since June 2012, Reuters said.

European stocks closed lower amid the negotiations and declines in oil. Asian stocks were

mostly lower Friday, but the Nikkei 225 ended the week with gains of nearly 6.8%, while the

Shanghai composite was up about 3.5% for the week. In afternoon trade, the Dow Jones

Industrial Average traded down 33 points, or 0.2%, to 16,379. The S&P 500 declined less than a

point, or 0.04%, to 1,917, with energy leading five sectors lower and information technology the

top gainer. The Nasdaq composite traded up 18 points, or 0.4%, at 4,505. Gold is seen trading

about 0.4% higher, crude oil is seen trading about 3.3% lower, and the U.S. dollar is seen trading

about 0.3% lower at about 1:30pm Chicago time.


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Thursday, there were 1,018 contracts traded, up from 952 contracts traded on Wednesday. Open

interest – the number of contracts outstanding – on Thursday increased by 168 contracts to

13,133.

Thailand, Vietnam, Pakistan Rice Sellers

Lower Their Quotes Today; India Rice

Quotes Unchanged

Feb 19, 2016

Thailand rice sellers lowered their quotes for 5% broken rice and parboiled rice by about $5 per

ton each to around $355-$365 per ton and $365-$375 per ton respectively today. Vietnam rice

sellers lowered their quotes for 5% broken rice and Jasmine rice by about $5 per ton and $20 per

ton to around $345-$355 per ton and $410-$420 per ton, respectively. Pakistan rice sellers

lowered their quotes for 25% broken rice and 100% broken rice by about $5 per ton each to

around $305-$315 per ton and $285-$295 per ton respectively. India rice sellers kept their quotes

unchanged today.

5% Broken Rice

Thailand 5% rice is indicated at around $355 - $365 per ton, about $10 per ton premium on

Vietnam 5% rice shown at around $345 - $355 per ton. India 5% rice is indicated at around $360

- $370 per ton, about $20 per ton premium on Pakistan 5% rice shown at around $340 - $350 per

ton.

25% Broken Rice Thailand 25% rice is indicated at around $345 - $355 per ton, about $10 per ton premium on

Vietnam 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 $365 - $375per ton. India parboiled rice is

indicated at around $350 - $360 per ton, about $55 per ton discount to Pakistan parboiled rice

last shown at around $405 - $415 per ton.

100% Broken Rice Thailand broken rice, A1 Super is indicated at around $325 - $335 per ton, about $5 per ton

premium on Vietnam 100% broken rice shown at around $320 - $330 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. News have been shared with written permission of ORYZA.com with thanks

22nd february ,2016 daily exclusive oryza rice e newsletter by riceplus magazine

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Transcript of 22nd february ,2016 daily exclusive oryza rice e newsletter by riceplus magazine