Daily Global, Regional & Local Rice E-Newsletter February 12, 2016
Vol 7 Issue II
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Daily Global, Regional & Local Rice E-Newsletter
Today Rice News Headlines...
Editorial Board Chief Editor
State Bank launches universal financial access initiative Give Pakistani rice the Basmati tag 1,500 Pak rice containers stuck up at Kenyan ports Rice being genetically modified from C3 to C4 plant S. Korea to sell old rice for animal feed Nagpur Foodgrain Prices Open-Feb 12 Rice Prices 02/12/2016 Farm Bureau Market Report USA Rice Video Exclusive Mississippi Rice Council Meets USA Rice Participates in ASU Agribusiness Conference Link to CME Group Survey
News Detail... State Bank launches universal financial access initiative February 10, 2016 KARACHI: The State Bank of Pakistan (SBP), together with the World Bank and the United Nations, launched the "Universal Financial Access Initiative", on Tuesday.The event was held to secure public and private sector commitments to achieve universal financial inclusion in Pakistan as envisaged under the National Financial Inclusion Strategy (NFIS), said a statement issued by the central bank.The event was attended by Queen Maxima of The Netherlands who is also UN Secretary-General‟s Special Advocate for Inclusive Finance for Development (UNSGSA), President World Bank Group Dr Jim Yong Kim, Finance Minister Ishaq Dar, and State Bank of Pakistan Governor Ashraf Mahmood Wathra.Queen Maxima, while appreciating the efforts of Pakistan for improving financial inclusion remarked, “Today, Pakistan‟s commitment to financial inclusion moves to a new level of action guided by the recently adopted National Financial Inclusion Strategy, supported by government and private-sector commitments, and with the backing of the World Bank Group, Pakistan is prepared to take flight.”
Hamlik
Managing Editor
Abdul Sattar Shah Rahmat Ullah Rozeen Shaukat
English Editor
Maryam Editor Legal Advisor Advocate Zaheer Minhas
Editorial Associates
Admiral (R) Hamid Khalid Javed Islam Agha Ch.Hamid Malhi Dr.Akhtar Hussain Dr.Fayyaz Ahmad Siddiqui Dr.Abdul Rasheed (UAF) Islam Akhtar Khan
Editorial Advisory Board
Dr.Malik Mohammad Hashim
Assistant Professor, Gomal University DIK
Dr.Hasina Gul
Assistant Director, Agriculture KPK
Dr.Hidayat Ullah
Assistant Professor, University of Swabi
Dr.Abdul Basir
Assistant Professor, University of Swabi
Zahid Mehmood PSO,NIFA Peshawar
Falak Naz Shah
Head Food Science & Technology ART, Peshawar
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She said that “thanks to the committed work of many, Pakistan has built one of the strongest foundations for financial inclusion in the world. New regulations have supported the emergence of branchless banking, a growing microfinance sector, effective payments systems and a more constructive approach to customer identification.Speaking on the occasion the Finance Minister said, “Government‟s development policy agenda is based on the principle of inclusive economic growth so that the benefits are shared across all segments of the society.”He termed Financial Inclusion as a critical enabler for achieving inclusive economic growth.In his address of welcome, while highlighting the efforts of SBP, Governor Ashraf Mahmood Wathra shared that access to financial services has improved from 12 percent of population in 2008 to 23 percent in 2015. He said, “Universal Financial Access initiative, under the umbrella of the UN, the World Bank and the government, will accelerate this pace and serve as a catalyst for improving socioeconomic conditions and poverty alleviation.”Pakistan Banks‟ Association (PBA) Chairman Muhammad Aftab Manzoor on behalf of the banking and microfinance sector pledged full support in reaching out to public and achieving targets set under the NFIS.PBA pledged to increase access to M-wallet accounts to 50 percent of the adults, including 25 percent of female population and increasing other financial services to micro and small businesses by 2020.In addition, he pledged that banking sector will partner with SBP to enhance financial awareness and literacy under CSR initiatives.In his concluding remarks the Deputy Governor, Saeed Ahmed, said that financial inclusion would help in strengthening financial stability and lead to poverty alleviation in the country. 3|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
Daily Global, Regional & Local Rice E-Newsletter The event was also attended by federal ministers, diplomats, federal and provincial secretaries, representatives of development agencies, presidents of banks and other dignitaries.Earlier in the morning, Queen Maxima met SBP Governor Ashraf Mahmood Wathra to discuss ways and means to enhance financial inclusion in Pakistan.The governor apprised her on SBPâ€&#x;s financial inclusion initiatives and shared that SBP was driving the agenda from the front and had made it one of its strategic goals.He thanked HM for personal commitment and pushing forward the agenda of financial inclusion as a means for achieving inclusive development. http://www.thenews.com.pk/print/97124-State-Bank-launches-universal-financial-accessinitiative#sthash.Pjtx6Ihk.hpvt
Give Pakistani rice the Basmati tag Rejection by India based on some petty procedural grounds seems unfair Business Standard Editorial Comment | New Delhi February 11, 2016 Last Updated at 21:41 IST Mindshare is prime property'We need to strike a balance in the SEP wars'Govt to unveil new IPR policy within two monthsHoly books, gods cannot be trademarksCopycats come under Amul fire Strangely enough, it has taken India nearly seven years to properly initiate the process to protect Basmati rice. This premium, scented variety of rice deserves Geographic Indication (GI) status under the global intellectual property rights (IPR) regime. Indeed, this process is long overdue, given bids by other countries to eat into India's market share by offering their products under similar-sounding brand names - Kasmati, Jasmati and Taxmati being just some examples. India's apex IPR regulator, the Intellectual Property Appellate Board (IPAB), has now directed the Chennai-based Geographic Indications Registry to formally attach GI tag to the Basmati rice grown in specified areas of six northern states - Punjab, Haryana, Himachal Pradesh, Uttarakhand and parts of Uttar Pradesh and Jammu and Kashmir. Claims from Madhya Pradesh, Rajasthan and Odisha are still pending. However, the IPAB has unwisely turned down the application by the Lahore-based Basmati Growers Association for the GI tag for some rice produced in Pakistan as well. This rejection, based on petty procedural grounds, seems unfair. After all, Basmati grown along the Himalayan foothills in that country possesses the same qualities as rice on the other side of the border and deserves to be covered under the GI regime. The GI label is issued under the TRIPs agreement for goods having unique characteristics attributable to their geographical location. This mark is essential to maintain exclusivity of local products in the international market. According to Article 22 of the TRIPs, unless a GI product is protected in the country of its origin, there is no obligation for other countries to extend reciprocal protection. Basmati vitally needs this tag; it is one of India's major exports. In 2014-15, 3.7 million tonnes of Basmati rice worth around Rs 27,600 crore were exported. What sets Basmati apart from other aromatic rices is not only its unmatched aroma and taste but also the fact that its grains, on cooking, elongate laterally without swelling up, and do not stick to each other. Besides, the 4|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
Daily Global, Regional & Local Rice E-Newsletter plants of true Basmati rice are highly sensitive to factors like the duration of daytime, temperature and humidity during their growing season. These conditions are found only in the tracts along the Himalayan foothills. Clearly, Pakistan also grows Basmati in the same tracts and under the same agro-ecological conditions. The Basmati producers' bodies of that country should, therefore, be given another chance to file their claim for GI protection. Since Basmati is the common heritage of both India and Pakistan, such a tag would be mutually beneficial to ward off bio-piracy by third countries. Pakistan, in fact, should already have realised this and joined hands with India in fighting litigation abroad even in the past. India, in any case, is in an advantageous position. It already enjoys over a 60 per cent share in the global Basmati rice market and is quite capable of retaining it through measures like quality assurance and brand building. Much of Pakistan's Basmati rice exports, on the other hand, is of unbranded grain shipped in bulk - which cannot compete with well-established Indian brands. However, the GI tag applications from Madhya Pradesh and other states on behalf of scented rice produced there should be evaluated separately, based on the evidence that they can provide in support of their claims Business standard
1,500 Pak rice containers stuck up at Kenyan ports February 12, 2016 LAHORE - More than 1500 rice containers are stuck up at Kenyan customs clearance points due to cancellation of licenses of two port yards.Rice Exporters Association of Pakistan chairman Shafique Ch said that shipments made by the Pakistani exporters had been stuck up at „Port of CFS‟ and „Portside CFS‟ in Kenya since 20th January, 2016 despite the fact that exporters had paid all local taxes and duties.He said that approximately 1,500 containers, having about 37,500 metric tons of rice worth $13 million were held at these two CFSs without any specific reason.Shafique Ch asked the government of Pakistan to approach the Kenyan authorities to press them to release hundreds of rice containers held at these ports. “The REAP is also considering to send a delegation to Kenya to discuss the problems faced by them,” said chairman of the Rice Exporters Association of Pakistan.He also requested the High Commission of Pakistan, Kenya to intervene in the matter and coordinate with the Kenyan authorities to expedite the matter and resolve the problem of Pakistani rice exporters, so that Pakistani rice cargo could be released on priority basis.Since Pakistan is one of the biggest importers of tea from Kenya, we believe that pressure exerted by the government of Pakistan and High Commission of Pakistan in Kenya will yield positive results, he said.“In present case, importers are facing loss in the form of demurrage bills as a result of which our potential business to Kenya will also be suffered greatly. 5|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
Daily Global, Regional & Local Rice E-Newsletter Shafique Ch said that Pakistan is one of the largest exporters of rice to Kenya, valuing $188,326,419 in fiscal year 2015.He said that issues the importers are facing in Kenya will have a negative effect on exporters in Pakistan in the form of late payments which will lead to a slowdown in exports.“We hope that the problem will be taken up by Pakistani government with Kenya.It is a national issue and not anyone‟s personal matter,” he said.
Rice being genetically modified from C3 to C4 plant By Rich Keller, Editor, Ag Professional February 12, 2016 | 8:16 am EST
A group of scientists from 12 universities in eight countries is working to develop a new strain of “hyperefficient, drought-resistant rice known as C4,” reported Oscar Lopez in Newsweek.Around the world researchers are trying to improve the productivity of all crops being grown for human food and livestock feed, but improved rice could have the most impact on feeding a population of more than 9 billion in 2050. The International Rice Research Institute says each hectare of land (2.5 acres) in Asia produces food for about 27 people, but that hectare will have to feed 43 by 2050.Lopez goes through a scientific explanation about the difference between C3 and C4 plants (rice grows with a C3 process and barley is a C4). Lopez also writes about scientists expecting the weather cycle to cause more drought and the weather to be less hospitable to conventional rice production. Conversion of rice from being a C3 to a C4 will result in genetically modified (GM) rice. The scientists involved don‟t see scientific development of C4 rice as being much different than the evolution of other plants over time.A scientist is quoted as explaining that GMO rice cannot be dismissed as a solution to feeding the world because GMO rice will be safe to grow and consume and is definitely better than no food at all. Also noted in the article is conventional rice production‟s negative influence on the earth‟s atmosphere because growing rice accounts for 20 percent of the global greenhouse gas of methane. To read the Newsweek article click here. http://www.agprofessional.com/news/rice-being-genetically-modified-c3-c4-plant
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S. Korea to sell old rice for animal feed 2016/02/12 08:51
SEJONG, Feb. 12 (Yonhap) -- South Korea will sell old rice in its stock to feed domestic animals to handle rising inventory and save money on corn imports, the agriculture ministry said Friday.The Ministry of Agriculture, Food and Rural Affairs said it will begin offering 99,000 tons of brown rice harvested in 2012 to local distributors later this month.The rice will be sold at 200 won (17 cent) per kilogram, which is slightly cheaper than the price of alcohol beverages.Farms will be required to mix about 5 percent of rice into the corn-based forage to pigs, cows and chickens. The ministry said using rice as cattle feed will reduce growing stockpile management expenses, about 1.4 billion won per 10,000 kilograms, and cut costs on importing corn for farms.The government has been grappling with a huge surplus of rice over the past years as Koreans eat less rice and more bread. The state-controlled rice stockpile reached 1.9 million tons at the end of 2015, according to ministry data. ejkim@yna.co.kr http://english.yonhapnews.co.kr/business/2016/02/12/0501000000AEN20160212001600320.html
Nagpur Foodgrain Prices Open-Feb 12 Nagpur Foodgrain Prices - APMC & Open Market-February 12 Nagpur, Feb 12 Gram and tuar prices firmed up again in Nagpur Agriculture Produce and Marketing Committee (APMC) here on increased demand from local millers amid weak supply from producing belts. Fresh hike on NCDEX in gram, upward trnd in Madhya Pradesh pulses prices andreported demand from South-based millers also jacked up prices, according to sources. *
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FOODGRAINS & PULSES GRAM * Desi gram raw reported higher in open market on good seasonal demand from local traders amid tight supply from producing regions. TUAR * Tuar varieties ruled steady in open market here but demand was poor. * Lakhodi dal and watana dal recovered in open market on good demand from local traders amid thin arrival from producing regions. * In Akola, Tuar New - 8,000-8,200, Tuar dal New - 12,500-13,700, Udid 12,600-13,600, Udid Mogar (clean) - 14,900-16,700, Moong 8,400-8,600, Moong Mogar (clean) 9,400-9,700, Gram - 4,100-4,200, 7|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
Daily Global, Regional & Local Rice E-Newsletter Gram Super best bold - 5,300-5,700 for 100 kg. * Wheat, rice and other commodities moved in a narrow range in scattered deals, settled at last levels. Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg FOODGRAINS Available prices Previous close Gram Auction 4,000-4,510 4,000-4,400 Gram Pink Auction n.a. 2,100-2,600 Tuar Auction 7,200-8,450 7,100-8,400 Moong Auction n.a. 6,400-6,600 Udid Auction n.a. 4,300-4,500 Masoor Auction n.a. 2,600-2,800 Gram Super Best Bold 5,900-6,100 5,900-6,100 Gram Super Best n.a. n.a. Gram Medium Best 5,500-5,700 5,500-5,700 Gram Dal Medium n.a. n.a Gram Mill Quality 4,500-4,600 4,500-4,600 Desi gram Raw 4,500-4,550 4,450-4,500 Gram Filter new 4,600-4,900 4,600-4,900 Gram Kabuli 6,000-8,000 6,000-8,000 Gram Pink 6,400-7,200 6,400-7,200 Tuar Fataka Best-New 12,500-13,000 12,500-13,000 Tuar Fataka Medium-New 11,800-12,300 11,800-12,300 Tuar Dal Best Phod-New 11,500-12,000 11,500-12,000 Tuar Dal Medium phod-New 10,500-11,000 10,500-11,000 Tuar Gavarani New 7,450-7,950 7,450-7,950 Tuar Karnataka 8,150-8,450 8,150-8,450 Tuar Black 12,500-13,000 12,500-13,000 Masoor dal best 6,200-6,400 6,200-6,400 Masoor dal medium 5,800-6,000 5,800-6,000 Masoor n.a. n.a. Moong Mogar bold (New) 9,600-10,000 9,600-10,000 Moong Mogar Med 8,900-9,300 8,900-9,300 Moong dal Chilka 7,800-8,800 7,800-8,800 Moong Mill quality n.a. n.a. Moong Chamki best 8,600-8,800 8,600-8,800 Udid Mogar best (100 INR/KG) (New) 16,100-17,000 16,100-17,000 Udid Mogar Medium (100 INR/KG) 13,500-14,500 13,500-14,500 Udid Dal Black (100 INR/KG) 9,700-9,900 9,700-9,900 Batri dal (100 INR/KG) 5,500-5,850 5,500-5,850 Lakhodi dal (100 INR/kg) 4,450-4,650 4,400-4,600 Watana Dal (100 INR/KG) 3,300-3,450 3,250-3,400 Watana White (100 INR/KG) 3,000-3,200 3,000-3,200 8|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
Daily Global, Regional & Local Rice E-Newsletter Watana Green Best (100 INR/KG) 3,100-3,600 3,100-3,600 Wheat 308 (100 INR/KG) 1,700-1,800 1,700-1,800 Wheat Mill quality (100 INR/KG) 1,700-1,800 1,700-1,800 Wheat Filter (100 INR/KG) 1,650-1,850 1,650-1,850 Wheat Lokwan best (100 INR/KG) 2,200-2,500 2,100-2,500 Wheat Lokwan medium (100 INR/KG) 2,000-2,100 1,950-2,250 Lokwan Hath Binar (100 INR/KG) n.a. n.a. MP Sharbati Best (100 INR/KG) 3,200-3,600 3,200-3,600 MP Sharbati Medium (100 INR/KG) 2,500-3,000 1,500-3,000 Rice BPT best New(100 INR/KG) 2,600-2,800 2,600-2,800 Rice BPT medium (100 INR/KG) 2,000-2,250 2,000-2,200 Rice Parmal (100 INR/KG) 1,800-2,000 1,800-2,000 Rice Swarna best (100 INR/KG) 2,100-2,450 2,100-2,450 Rice Swarna medium (100 INR/KG) 1,800-2,000 1,800-2,000 Rice HMT best New (100 INR/KG) 3,000-3,500 3,000-3,500 Rice HMT medium (100 INR/KG) 2,400-2,800 2,400-2,800 Rice Shriram best New(100 INR/KG) 4,100-4,400 4,100-4,400 Rice Shriram med New(100 INR/KG) 3,700-4,100 3,700-4,100 Rice Basmati best (100 INR/KG) 9,700-11,500 9,700-11,500 Rice Basmati Medium (100 INR/KG) 7,600-8,000 7,600-8,000 Rice Chinnor best New(100 INR/KG) 4,700-4,800 4,700-4,800 Rice Chinnor med. New (100 INR/KG) 4,200-4,400 4,200-4,400 Jowar Gavarani (100 INR/KG) 1,800-2,100 1,800-2,100 Jowar CH-5 (100 INR/KG) 1,700-1,800 1,700-1,800 WEATHER (NAGPUR) Maximum temp. 34.4 degree Celsius (93.9 degree Fahrenheit), minimum temp. 14.4 degree Celsius (57.9 degree Fahrenheit) Humidity: Highest - n.a., lowest - n.a. Rainfall : n.a. FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 34 and 14 degree Celsius respectively. Note: n.a.--not available (For oils, transport costs are excluded from plant delivery prices, but included in market prices.) http://in.reuters.com/article/nagpur-foodgrain-idINL3N15R27H http://www.bangkokpost.com/news/politics/859536/state-panel-clears-rice-scheme-of-damages
Rice Prices as on : 12-02-2016 08:11:13 PM Arrivals in tonnes;prices in Rs/quintal in domestic market. Arrivals
Price
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Daily Global, Regional & Local Rice E-Newsletter Current
% Season Prev. Prev.Yr Modal change cumulative Modal %change Rice
Gadarpur(Utr) 1474.00 1.1 Bharwari(UP) 400.00 Etawah(UP) 360.00 2.86 Bahraich(UP) 190.00 8.57 Allahabad(UP) 170.00 -5.56 Gondal(UP) 167.00 5.7 Pilibhit(UP) 140.00 -22.22 Lucknow(UP) 130.00 9.24 Mathabhanga(WB) 120.00 20 Bareilly(UP) 114.00 5.07 Basti(UP) 109.00 -11.74 Ghaziabad(UP) 100.00 150 Kalipur(WB) 90.00 12.5 Siliguri(WB) 90.00 63.64 Dhing(ASM) 86.00 -1.15 Achalda(UP) 76.50 -4.38 P.O. Uparhali Guwahati(ASM) 75.00 1.35 Thodupuzha(Ker) 70.00 NC Aligarh(UP) 70.00 -17.65 Cachar(ASM) 60.00 200 Beldanga(WB) 60.00 -6.25 Bishnupur(Bankura)(WB) 55.00 22.22 Jorhat(ASM) 52.00 48.57 Lanka(ASM) 50.00 25 Jaunpur(UP) 50.00 11.11 Nadia(WB) 50.00 NC Samsi(WB) 50.00 NC Koderma(Jha) 49.00 25.64 Kasimbazar(WB) 44.00 -2.22 Dadri(UP) 40.00 14.29 Khatra(WB) 38.00 NC Balrampur(UP) 36.00 26.32 Taliamura(Tri) 35.00 16.67 Purulia(WB) 32.00 -20 Kolhapur(Laxmipuri)(Mah) 30.00 3.45 Balugaon(Ori) 30.00 50 Sirsa(UP) 27.50 14.58
59101.00 880.00 14880.00 2457.50 4750.00 9709.10 16238.00 2672.00 2220.00 5727.50 3152.50 1490.00 2686.00 432.00 1861.20 2346.50 2056.00 1260.00 1495.00 1160.00 779.50 1455.00 704.00 1625.00 946.00 950.00 14510.00 295.00 878.00 1222.00 571.00 919.50 208.00 1272.00 735.00 215.00 219.50
1803 1980 2250 2080 2125 2020 2195 2140 1950 2200 2060 2070 2050 2600 1800 2240 2100 2600 2170 2700 2275 1950 2800 1725 1950 3200 2800 3500 2310 2070 2250 2070 2300 2200 3000 3200 2050
2155 2250 2075 2125 2020 2190 2150 1950 2200 2060 2065 2050 2600 1800 2240 2100 2600 2160 2700 2275 1950 2700 1725 1945 3200 2800 3600 2290 2080 2250 2075 2250 2180 3000 3100 2025
3.03 2.27 0.24 3.66 -0.25 -6.40 -1.38 4.76 5.64 -2.59 -6.82 2.75 -19.23 6.12 14.21 NC -12.50 3.23 NC -11.15 -2.59 -7.79 0.98 -8.33 6.67 -
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Daily Global, Regional & Local Rice E-Newsletter Mirzapur(UP) Kondotty(Ker) Jasra(UP) Haldibari(WB) Ramkrishanpur(Howrah)(WB) Dahod(Guj) Lohardaga(Jha) Alipurduar(WB) Bohorihat(ASM) Dibrugarh(ASM) Buland Shahr(UP) Champadanga(WB) Medinipur(West)(WB) North Lakhimpur(ASM) Kannauj(UP) Palghar(Mah) Firozabad(UP) Chhibramau(Kannuj)(UP) Etah(UP) Naugarh(UP) Raibareilly(UP) Karimpur(WB) Chalakudy(Ker) Bhivandi(Mah) Bhawanipatna(Ori) Chengannur(Ker) Karanjia(Ori) Khairagarh(UP) Muradabad(UP) Tanakpur(Utr) Imphal(Man) Hailakandi(ASM) Bishenpur(Man) Aroor(Ker) Alibagh(Mah) Murud(Mah) Islampur(WB) Perinthalmanna(Ker) Darjeeling(WB) Karsiyang(Matigara)(WB)
26.00 25.00 25.00 25.00 25.00 24.50 24.00 18.00 16.50 16.00 16.00 16.00 16.00 14.30 12.50 12.00 12.00 12.00 11.00 11.00 10.50 10.00 8.00 8.00 6.50 6.00 6.00 6.00 6.00 6.00 4.10 4.00 3.20 3.00 3.00 3.00 3.00 2.90 2.60 2.40
-7.14 NC 38.89 -16.67 NC -43.02 -9.43 NC 14.58 -13.51 220 33.33 23.08 60.67 -5.3 -50 -14.29 -17.24 -8.33 4.76 50 233.33 NC -11.11 -61.76 -14.29 NC 20 -40 -57.14 57.69 NC NC NC NC -97.06 NC NC 8.33 -4
859.00 50.00 243.00 466.50 649.40 716.80 419.50 197.00 146.40 586.80 260.50 421.00 375.00 798.20 159.60 414.00 313.00 209.00 49.00 362.00 188.00 40.00 60.00 158.00 23.50 327.00 156.80 221.00 315.50 124.10 111.70 79.00 57.40 109.70 72.00 156.00 164.20 33.60 41.70 38.80
1910 2700 2075 2350 2300 3900 1950 2200 2000 2400 2040 2350 2450 1900 2180 2203 2110 2150 1890 2060 2025 3150 2480 2300 2200 2450 2600 2090 2240 2100 2900 2700 2500 6900 3750 2750 2150 2600 2800 2600
1915 2800 2075 2400 2300 3900 1950 2200 2100 2400 2050 2350 2450 1900 2170 3980 2100 2120 1880 2065 2020 3150 2600 2250 2500 2500 2600 2090 2230 2150 2900 2700 2400 6900 3750 2750 2150 2600 2800 2600
1.60 3.75 -9.62 -11.54 -8.24 10.48 -13.98 0.99 -12.96 2.08 0.46 3.43 NC -6.44 9.87 1.76 NC -10.14 35.29 -15.52 4.00 2.96 13.42 -2.33 NC -7.41 -25.81 134.38 71.88 3.70 -
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Daily Global, Regional & Local Rice E-Newsletter Bonai(Bonai)(Ori) Lamlong Bazaar(Man) Jowai(Meh) Siyana(UP) Shillong(Meh) Chorichora(UP) Kalimpong(WB)
2.00 -33.33 1.80 12.5 1.70 NC 1.50 -25 1.20 100 0.90 -10 0.80 -42.86
42.10 37.90 5.80 50.00 31.10 261.90 15.80
2000 2700 2700 2055 3500 2100 2450
2000 2700 2700 2050 3500 2125 2450
-9.09 -6.90 -3.57 1.73 NC 7.14 -12.50
http://www.thehindubusinessline.com/economy/agri-business/article8227284.ece
02/12/2016 Farm Bureau Market Report Rice High Low Long Grain Cash Bids - - - - - Long Grain New Crop - - - - - -
Futures:
ROUGH RICE High Low
Last Change
Mar '16 1108.5 1070.5 1076.5 -25.0 May '16 1135.5 1098.0 1103.0 -26.0 Jul '16 1158.0 1127.5 1131.0 -26.0 Sep '16 1150.0 1150.0 1146.5 -22.0 1162.0 -21.0 Nov '16 1176.5 -10.0 Jan '17 1176.5 -10.0 Mar '17
Rice Comment Rice futures continued lower today, despite a better export report this week. USDA says 53,000 metric tons were sold to foreign buyers this week, compared with only 40,200 metric tons last week. The monthly supply/demand balance sheet was little changed, but the on-farm price was lowered again. The average expected price for long grain is now $11.00-$11.60/cwt, and midsouth medium grain is expected to bring $11.70-$12.30. March has been working lower and is set up for a retest of the recent low of $10.65.
USA Rice Video Exclusive 12 | w w w . r i c e p l u s s . c o m , w w w . r i c e p l u s m a g a z i n e . b l o s g s p o t . c o m
Daily Global, Regional & Local Rice E-Newsletter USA Rice caught up with Congressman Ted Poe (R-TX) this week to talk about U.S. food aid programs. Specifically, the fact that rice use in the programs has been declining and the Obama Administration seems to favor cash over in-kind contributions. Congressman Poe joined other rice state lawmakers last week to submit a request that USDA and USAID use U.S. rice in emergency refugee relief efforts. Click here to watch the short video. https://www.youtube.com/watch?v=glVXYAp9Uio
Mississippi Rice Council Meets By Chuck Wilson
CLEVELAND, MS - USA Rice President and CEO Betsy Ward discussed trade prospects in key export markets at the Mississippi Rice Council Annual Meeting on Thursday. Ward pointed to the Colombia FTA as an example of how powerful and beneficial good, common-sense trade agreements can be. "Not only did we create a new market for our rice, but the benefits are spread throughout the rice industry, funding important industry research that helps us improve the quality, sustainability, and marketability of our rice," she said. Mississippi rice research has received over $2 million dollars since the agreement was signed. In addition to trade, Ward shared highlights of the domestic promotion programs with the group. 13 | w w w . r i c e p l u s s . c o m , w w w . r i c e p l u s m a g a z i n e . b l o s g s p o t . c o m
Daily Global, Regional & Local Rice E-Newsletter USA Rice Vice President of Government Affairs Ben Mosely reported that with the presidential election season, the closing months of the Obama Administration, and a relatively light legislative calendar for Congress there is little chance of major policy initiatives moving forward in Washington. Mosely also talked about opportunities for rice in Cuba, USA Rice's efforts to combat illegal rice subsidies for rice producers in other countries, and the need to continue to protect the farm bill from attacks in the budgetary process. Bobby Golden with Mississippi State University gave the rice research report and projections for the coming rice crop and Michael Ledlow gave the Mississippi Plant Board report focusing on looming worker protection laws that could greatly impact farm operations."The meeting was a total success with informative reports from the top leadership of USA Rice regarding the future of the rice industry," said Curtis Berry, Mississippi Rice Council President.
USA Rice Participates in ASU Agribusiness Conference By Colleen Klemczewski
JONESBORO, AR - Arkansas State University held the 22nd annual Agribusiness Conference here earlier this week with the support of USA Rice and several industry members. USA Rice COO Bob Cummings joined other speakers in presenting information important to agriculture in Arkansas and the Mid-South. "It was an honor to return to the Agribusiness Conference and discuss the key trade challenges and opportunities facing the rice industry today," said Cummings. "The conference presentations on succession and estate planning, environmental law and regulation, ag. financing, and commodity reviews were first rate."Cummings discussed USA Rice's ongoing efforts to develop new demand and market access for U.S. rice in international markets, with a current focus on China, Colombia, Iraq, and Mexico. He also reviewed the pros and cons for rice of the recently concluded Trans Pacific Partnership trade agreement as well as the importance of the ongoing negotiations with the European Union in the Trans-Atlantic Trade and Investment Partnership.The conference is organized by Dr. Bert Greenwalt of the College of Agriculture and Technology, and is supported by a broad cross section of Arkansas agriculture. "USA Rice has been a proud sponsor of this conference for seventeen years, which brings together expertise important to agriculture and related businesses in Arkansas," said Chuck Wilson of USA Rice.
Link to CME Group Survey All members of the rice industry, particularly those with interest in the rice futures market, are encouraged to complete the CME Group survey found here https://cmeg.co1.qualtrics.com/jfe/form/SV_86WBqXz373PWewJ https://cmeg.co1.qualtrics.com/jfe/form/SV_86WBqXz373PWewJ 14 | w w w . r i c e p l u s s . c o m , w w w . r i c e p l u s m a g a z i n e . b l o s g s p o t . c o m