Thursday, November 12, 2015

12november 2015 daily exclusvie oryza news

Former Thai PM Yingluck Defends Herself in Open Letter Posted on Facebook

Nov 11, 2015

In an open letter posted on Facebook, Former Thai Prime Minister (PM) Yingluck Shinawatra  defended herself to junta leader Prayath Chan-ocha. Yingluck is potentially looking at serving 10 years in prison for criminal charges related to her management of the rice scheme starting in 2011 which saw Thailand waste billions of dollars and amass tens of millions of tons of rice.
In the letter, Yingluck says the losses of the rice scheme are still yet unknown and the attorney general was “rushing the legal process,” according to Reuters.
A trial date has not yet been set. The Thailand Supreme Court said it will review evidence until November 2016. In September, Yingluck filed criminal charges against the attorney general alleging the charges against her were unfair.  Later that month, the court dismissed her case saying it found no evidence of mishandling by prosecutors. 
Yingluck is likely to continue to fight charges against her, part of a larger saga between the royalist Thai military establishment and the Shinawatra family.

Asia Rice Export Quotes Remain Unchanged Today

Nov 11, 2015

Asian rice exporters have kept their quotes unchanged from yesterday.
5% Broken Rice
Thailand 5% rice is indicated at around $350 - $360 per ton about $20 per ton discount on Vietnam 5% rice shown at around $370 - $380 per ton. India 5% rice is indicated at around $345 - $355 per ton, about $25 per ton premium on Pakistan 5% rice shown at around $320 - $330 per ton.
25% Broken Rice
Thailand 25% rice is indicated at around $345 - $355 per ton, about $10 per ton discount on Vietnam 25% rice shown at around $355- $365 per ton. India 25% rice is indicated at around $325 - $335 per ton, about $35 per ton premium on Pakistan 25% rice shown at around $290 - $300 per ton.
Parboiled Rice            
Thailand parboiled rice is indicated at around $350 - $360 per ton. India parboiled rice is indicated at around $340 - $350 per ton, about $65 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 $320 - $330 per ton, about $10 per ton discount to Vietnam 100% broken rice shown at around $330 - $340 per ton. India's 100% broken rice is shown at around $285 - $295 per ton, about $5 per ton premium on Pakistan broken sortexed rice shown at around $280 - $290 per ton.

Rice Traders Use UAE to Import Indian Basmati Rice into Iran

Nov 11, 2015

In an effort to get around Iran’s restrictive  import permits on India’s basmati rice, Indian rice is first being shipped to the United Arab Emirates (UAE) and then on to Iran, according to the Business Standard. 
Iran imports about 100,000 tons of basmati rice on average each month; in August-September 2015, Iran imported about 81,000 tons from the UAE, up from 18,000 tons the same period a year ago. 
Iran stopped issuing import licenses for Indian basmati rice in October 2014 but is soon expected to lift restrictions as they are viewed as pointless since Iranian rice imports are still finding a way to bring Indian rice into the country.   However, Iran’s restrictions have reduced India’s basmati rice exports from about 1.4 million tons in 2013-14 to 930,000 tons in 2014-15, according to India’s Agricultural and Processed Food Products Export Development Authority, and have also severely weighed on domestic basmati prices.

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Go Nowhere as Traders Continue to Weigh Impact of Yesterday's S&D Update; Grains Rebound as Selloff May have been Overdone

Nov 12, 2015

Chicago rough rice futures for Jan delivery settled unchanged at $11.880 per cwt (about $262per ton). The other grains finished the day higher as the market looks to reverse a portion of losses sustained as a result of yesterday’s bearish S&D update; Soybeans closed about 0.6% higher at $8.6075 per bushel; wheat finished about 0.8% higher at $4.9475 per bushel, and corn finished the day about 0.9% higher at $3.6225 per bushel.U.S. stocks traded in a range Wednesday, trying to hold mild opening gains while declines in oil prices and disappointing Macy's earnings weighed. Energy fell more than 1.5% as the greatest decliner in the S&P 500, while consumer discretionary was also among the laggards. The S&P held slightly higher in early afternoon trade, with industrials leading advancers. Crude oil fell more than 2% in midday trade after the American Petroleum Institute showed a greater-than-expected build in U.S. crude stocks. Brent traded about 2% lower. The federal government's Energy Information Administration will release official inventory data Thursday due to Wednesday's Veterans Day. Chinese data out overnight showed firmness in the consumer, with retail sales up 11% year-over-year in October, up slightly from 10.9% in September. Industrial production edged lower in October and missed Reuters expectations. Investors also awaited a slew of Federal Reserve speakers scheduled for Thursday, which include Fed Chair Janet Yellen's opening remarks at the U.S. central bank's conference. In early afternoon trade, the Dow Jones industrial average gained 24 points, or 0.14%, to 17,782. The S&P 500 traded up 3 points, or 0.15%, to 2,085, with industrials leading seven sectors higher and energy leading laggards. The Nasdaq gained 20 points, or 0.4%, to 5,103. Gold is seen trading about 0.4% lower, crude oil is seen trading about 2.8% lower, and the U.S. dollar is seen trading about 0.3% lower about  1:00pm Chicago time.
Tuesday, there were 2,671 contracts traded, up from 960 contracts traded on Monday. Open interest – the number of contracts outstanding – on Tuesday increased by 632 contracts to 12,523.
Global Rice Quotes
November 11th, 2015
Long grain white rice - high quality
Thailand 100% B grade           360-370           ↔
Vietnam 5% broken     370-380           ↔
India 5% broken          345-355           ↔
Pakistan 5% broken     320-330           ↔
Myanmar 5% broken   405-415           ↔
Cambodia 5% broken 415-425           ↔
U.S. 4% broken           490-510           ↔
Uruguay 5% broken    535-545           ↔
Argentina 5% broken   530-540           ↔
Long grain white rice - low quality
Thailand 25% broken 345-355           ↔
Vietnam 25% broken   355-365           ↔
Pakistan 25% broken   290-300           ↔
Cambodia 25% broken            400-410           ↔
India 25% broken        325-335           ↔
U.S. 15% broken         500-510           ↔
Long grain parboiled rice
Thailand parboiled 100% stxd             350-360           ↔
Pakistan parboiled 5% broken stxd      405-415           ↔
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       ↔
Long grain fragrant rice
Thailand Hommali 92%           785-795           ↔
Vietnam Jasmine         470-480           ↔
India basmati 2% broken         NQ       ↔
Pakistan basmati 2% broken    NQ       ↔
Cambodia Phka Mails 830-840           ↔
Brokens
Thailand A1 Super       320-330           ↔
Vietnam 100% broken             330-340           ↔
Pakistan 100% broken stxd     280-290           ↔
Cambodia A1 Super    355-365           ↔
India 100% broken stxd          285-295           ↔
Egypt medium grain brokens   NQ       ↔
U.S. pet food   330-340           ↔


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

Brazil half grain           NQ       ↔ 

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