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