Daily Global, Regional & Local Rice E-Newsletter February 16,2016
Vol 6 Issue I
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Daily Global, Regional & Local Rice E-Newsletter
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India may export 10 LT rice to Indonesia, valued at Rs 3,300 cr Thailand sells 152,377 T of rice in first auction of the year Maguindanao farmers dodge dry spell with new rice variety INDIAN RICE MAY INUNDATE INDONESIA THIS YEAR IRAQ ISSUES TENDER TO BUY AT LEAST 90,000 TONNES RICE FROM US-TRADE China rice import stalemate over biosecurity protocols Nigeria to Export Rice By 2019 New broad-spectrum herbicide for rice weeds gets name: Loyant DNA rice breakthrough: Second green revolution awaits DNA rice breakthrough raises 'green revolution' hopes Rice course to build up agriculture expertise Arkansas Farm Bureau Daily Commodity Report Nagpur Foodgrain Prices Open-Feb 15 APEDA RICE COMMODITY NEWS Satake to host rice seminar in Vietnam USA Rice Comments on Ongoing TPP Investigation by USITC Next step in Normalization of Relations: U.S., Cuba Agree to Commercial Flights USDA Announces Prevailing World Market Prices and Loan Deficiency Payments for Rice
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
News Detail...
Assistant Professor, Gomal University DIK
India may export 10 LT rice to Indonesia, valued at Rs 3,300 cr
Assistant Director, Agriculture KPK
As per the second advance estimate of the Agriculture Ministry, rice production is estimated to be down marginally at 103.61 million tonnes (MT) in 2015-16 crop year (July-June), as against 105.48 MT last year. | 1 Comments India is in talks with Indonesia to export 10 lakh tonnes of rice valued at Rs 3,300 crore as the island nation is expecting fall in production. "Indonesia is expecting a fall in rice production this year and looking to import rice. Indonesia has started the negotiation process," a source told PTI. Rice is a staple food of Indonesia and it had imported rice last year as well.
Dr.Hasina Gul 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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Daily Global, Regional & Local Rice E-Newsletter "Though no final decision has yet been taken over the price, but the economic cost to the government for the 10 lakh tonnes rice is about Rs 3,300 crore," the source said. As far as India
is concerned, the government is in a comfortable position regarding rice stock. The country has more than 160 lakh tonnes of rice in stock against the requirement of 76 lakh tonnes on January 1. Besides, the Food Corporation of India (FCI) has another 127 lakh tonnes of rice in form of paddy. As per the second advance estimate of the Agriculture Ministry, rice production is estimated to be down marginally at 103.61 million tonnes (MT) in 2015-16 crop year (JulyJune), as against 105.48 MT last year. Already, the procurement of kharif rice has reached 26.13 MT so far this year, much higher than 21.54 MT in the year-ago period. The Centre's nodal procurement agency Food Corporation of India (FCI) and state government-owned agencies undertake procurement operations. The Centre has kept a rice procurement target of 30 MT for the this year. Read more at: http://www.moneycontrol.com/news/economy/india-may-export-10-lt-rice-toindonesia-valued-at-rs-3300-cr_5493801.html?utm_source=ref_article
Thailand sells 152,377 T of rice in first auction of the year Tue Feb 16, 2016 9:51am GMT
BANGKOK Feb 16 (Reuters) - Thailand's military government sold 152,377 tonnes of rice from state stockpiles in its first auction of the year, the commerce ministry said on Tuesday.The ministry had said on Feb. 1 that it aimed to sell 570,000 tonnes of rice for human consumption and industrial use. .Bids of 15 private companies were successful in the auction of the rice which comes from 35 state warehouses.Rice worth 1.78 billion baht ($50 million) was sold on Tuesday 3|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
Daily Global, Regional & Local Rice E-Newsletter in the first of two planned auctions, the ministry said. It had planned to sell 204,000 tonnes in the first lot. The ministry said the sale would have to be approved by Thailand's rice management committee but did not provide a time frame.The second lot, for which the ministry will start receiving offers on Wednesday, will have 360,000 tonnes of grade c rice for industrial use.Thailand, the world's second biggest rice exporter after India, has about 13 million tonnes of rice in storage, the consequence of a scheme by the previous administration which bought rice at higher-than-market prices.The scheme was popular with farmers but cost the government billions of baht. Since taking power in 2014, Thailand's military government has auctioned off 5 million tonnes of rice through several tenders, with sales worth about $1.5 billion.It has said some of the rice in storage is unfit for human and animal consumption and would be used in the industrial sector, including for ethanol production.The government plans to clear the stocks in the warehouses by the end of 2017. ($1 = 35.6000 baht) (Reporting by Patpicha Tanakasempipat; Editing by Amy Sawitta Lefevre and Anupama Dwivedi) http://af.reuters.com/article/commoditiesNews/idAFL3N15V2ZR?sp=true
Maguindanao farmers dodge dry spell with new rice variety February 16, 2016 Datu Odin Sinsuat, Maguindanao – Not all farmers in Maguindanao have been adversely affected by the El Niño phenomenon and that the crops they have planted have actually flourished despite the prolonged dry spell, officials said Monday.And thanks to heat resistant crop varieties that the government had provided them, these fortunate farmers can still continue to turn a profit when all other farmers in Maguindanao could barely eke out a living. Farmlands in Barangay Bugawas here were included in special project at a pilot area designated by the Department of Agriculture and Fisheries in the Autonomous Region in Muslim Mindanao (DAF-ARMM), through the ARMM integrated cultural center (ARMMIARC), that helped the farmers cushion the impact of dry spell through a modern farming technique. According to Saudi Mangindra, DAR-ARMMIARC research coordinator, farmers in Barangay Bugawas were recipients of a climate change resistant rice variety that could withstand during dry spell and even floods.‖(The rice variety) was a product of ARMMIARC, Philippine Rice Institute (Philrice) and International Rice Research Institute (IRRI).Halid Daud, farmer leader in Barangay Bugawas was one of the lucky few who received samples of the drought-resistent seedlings and told reporters that it was the first time that they still earned despite the massive dry spell.―In fact, our palay production has tripled as compared to the previous cropping season,‖ Daud said.(PNA) http://www.mb.com.ph/maguindanao-farmers-dodge-dry-spell-with-new-rice-variety/ 4|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
Daily Global, Regional & Local Rice E-Newsletter
INDIAN RICE MAY INUNDATE INDONESIA THIS YEAR India is likely to export 10 lakh tonnes of rice to Indonesia which is valued at Rs 3300 crore, this year. The Dollar Business Bureau
The country has a surplus of 160 lakh tonnes of rice stocks against the required 76 lakh tonnes as figures show on January 1
India is likely to export 10 lakh tonnes of rice to Indonesia which is valued at Rs 3300 crore, this year. Though this may come as a surprise to many, the Indian government has clarified that it is in a comfortable position to extend the rice deal to Indonesia. The country has a surplus of 160 lakh tonnes of rice stocks against the required 76 lakh tonnes as figures show on January 1. Added to this The Food Corporation of India has another 127 lakh tonnes of paddy stocks.The details of price and quantity are yet to be worked out. These are currently under negotiation, a source in the Commerce Ministry revealed. ―Although the MoU will be a non-binding one, it would at least give us an indication of the business that we might do with Indonesia,‖ the official said. India is hopeful that the MoU would be inked for an extended period similar to the one it signed with Pakistan. Indonesia is struggling with a temporary shortage of rice as a result of last year’s prolonged El Nino effects, which resulted in the postponement of rice being planted in the country. Though Jakarta is optimistic that its domestic production shall increase again by April, it has been looking for new import sources to bridge the current shortfall and to stall price hikes. https://www.thedollarbusiness.com/indian-rice-may-inundate-indonesian-this-year/ 5|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
Daily Global, Regional & Local Rice E-Newsletter
IRAQ ISSUES TENDER TO BUY AT LEAST 90,000 TONNES RICE FROM US-TRADE Monday, 15 February 2016 14:33 Posted by Parvez Jabri
HAMBURG: Iraq's state grains buyer has issued an international tender to buy at least 90,000 tonnes of rice to be sourced from the United States, European traders said on Monday.The closing date for the tender is Feb. 21 and offers must be valid until Feb. 25, traders said.Volumes in Iraq's rice tenders are nominal and the country frequently buys more than was tendered for. http://www.brecorder.com/markets/commodities/middle-east-a-africa/278669-iraq-issues-tender-to-buyat-least-90000-tonnes-rice-from-us-trade.html
China rice import stalemate over biosecurity protocols LYNDAL READING and EMMA FIELDThe Weekly Times
THE peak body for rice growers has called for biosecurity protocols with China to be signed, to give Australian growers access to the lucrative market.Ricegrowers Association of Australia executive director Andrew Bomm said a lack of biosecurity protocols meant exporting rice to China was at a stalemate.Biosecurity protocols are agreements between two countries that outline the phytosanitary requirements of the goods being exported and includes a list of banned pest, weed and chemicals.China is yet to respond to a submission from Australia regarding the 6|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
Daily Global, Regional & Local Rice E-Newsletter protocols.―We cannot get access to China because there is no biosecurity protocol for imports,‖ Mr Bomm said.―Theoretically the holdup is with getting paperwork organised, but the decision is political.‖ He said the importation of rice was a sensitive issue for all Asian countries because there was an important cultural aspect to rice growing.―Governments are concerned that if their growers are not competitive then there’s social implications and political implications to that. ―But we would be exporting only tens of thousands of tonnes and they grow millions of tonnes of rice.‖Mr Bomm said Ricegrowers would continue discussing the issue with the government and work with Chinese customers to create demand for Australian rice.Another frustration for the rice industry is that protocols for other significant export grains — wheat and barley — were finalised in April last year, while canola and sorghum protocols are under development. Grain Trade Australia chief executive Geoff Honey said companies that exported grain to China were required to adhere to the industry management practice, which draws heavily on the Australian grain industry code of practice developed by GTA.―We are the only grain exporting industry that has a code of practice — it’s a real selling point,‖ he said.Grain Producers Australia president, Andrew Weidemann, said since the biosecurity protocols for wheat and barley were signed Australia had exported 4.4 million tonnes of barley to China.―However, China is not in the market as a volume buyer at the moment because they have an internal protocol that states they should use their own stock first,‖ he said.The Department of Agriculture confirmed Australia had provided a submission to China for the biosecurity protocols but was awaiting a response.―The Department understands China is working on a number of grain protocols concurrently,‖ the statement said. http://www.weeklytimesnow.com.au/agribusiness/cropping/china-rice-import-stalemate-over-biosecurityprotocols/news-story/ca34177b4103ec3ccec019f26f994c6a
Nigeria to Export Rice By 2019 in Freight News 15/02/2016
Rice farmers in Nigeria are expected to commence exportation of the product by 2019 when the local consumption would have been met. Country Manager, Afex Commodities Exchange Nigeria, Mr. Ayodeji Balogun, said local farmers in the country would in three years commence exportation of rice.Balogun said during a briefing yesterday in Abuja that the organisation in partnership with the Federal Ministry of Agriculture and Rural Development has initiated a system that would link rural farmers directly to both local and international markets. According to him, about 45,000 farmers have been provided with secured storage facilities and an Electronic Warehouse Receipt System to provide sufficient grains for local consumption and enhance export opportunities.―We have 15 warehouses across the country and farmers in 30 kilometres radius can access these facilities. The farmers are broken into smaller units in terms of 7|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
Daily Global, Regional & Local Rice E-Newsletter cooperatives to easily access the market. They are motivated to produce more while the market naturally adjusts itself. So, Nigeria in the next three years should be exporting rice,‖ he said.Balogun added: ―The news is that farmers can now guarantee their price at the end of harvests. Maize prize as at today is 80 per cent higher than the price last year. Last year, it was N36, 000 but today it is N55, 000. This is because the big companies that would have imported maize from Argentina and Brazil into the country are now forced to buy at the local market. They cannot import anymore because of the exchange rate.‖ In a Public Private Partnership (PPP) agreement signed with the federal government, in 2014, AFEX Nigeria was expected to effectively organise the agriculture market and create value for farmers, raising national income. He disclosed plans by the firm to commence export of other agricultural produce in partnership with the rural farmers. Balogun stressed: ―Our focus in the last one year is staple crops. This year, we are starting with export crops. We have been working with Nigeria Export Promotion Council (NEPC), Nigeria Export Import Bank (NEXIM) among others.‖He emphasised that farmers would no longer be at the mercy of buyers as they would get value for their farm produce. Senior Vice President, Stuart Ponder, in his remarks, said agriculture commodities such as palm oil, cocoa export were major drivers of the economy until advent of oil.He said it was important for the nation to consider modern and efficient market structure to support small holder farmers and eventually access loans. Source: This Day http://www.hellenicshippingnews.com/nigeria-to-export-rice-by-2019/
New broad-spectrum herbicide for rice weeds gets name: Loyant Feb 15, 2016Forrest Laws | Delta Farm Press ―There are a few things coming from industry that are going to make weed control interesting,‖ says Hunter Perry, field R&D scientist for Dow AgroSciences. ―We are excited about Loyant because it has robust activity on a variety of weeds – grasses, sedges and broadleaves – and because of the resistance aspect.‖ Rinskor active attracted a lot of discussion when it was mentioned along with several other new herbicide active ingredients for weed control in rice at the Roy J. mith Barnyardgrass Workshop in Stuttgart, Ark., last spring.Now that Dow AgroSciences has given it a commercial name – Loyant – it’s likely to attract even more discussion as it winds its way through the registration process at EPA over the next two years, according to DAS specialists.―There are a few things coming from industry that are going to make weed control interesting,‖ says Hunter Perry, field R&D scientist for Dow AgroSciences. ―We are excited about Loyant because it has robust activity on a variety of weeds – grasses, sedges and broadleaves – and because of the resistance aspect.‖ Dr. Perry said many of the susceptible weeds Loyant will control also have a resistant counterpart, such as barnyardgrass. ―It has developed resistance to multiple modes of action as 8|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
Daily Global, Regional & Local Rice E-Newsletter has flatsedge and other weeds. Loyant has controlled those resistant biotypes of those weeds so it’s exciting to have a new herbicide coming that can perform that way.‖Some biotypes of barnyardgrass are resistant to ALS inhibitors, some to propanil and some to quinclorac or Facet. ―There are a few biotypes out there that are resistant to Clincher herbicide, but those are few compared to the others,‖ says Perry. http://deltafarmpress.com/rice/new-broad-spectrum-herbicide-rice-weeds-gets-name-loyant
DNA rice breakthrough: Second green revolution awaits
16 Feb 2016 at 18:07 ,WRITER: JON FERNQUEST ORIGINAL SOURCE/WRITER: AFP
Philippines-based International Rice Research Institute (IRRI) is a non-profit research organization that played an important role in the first green revolution and is still working with governments to develop advanced varieties of rice (Source: Wikipedia) Turbocharged with DNA technology rice should soon be resistant to floods, droughts as well as providing higher yields per rice field. AGRICULTURE & SCIENCE
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Daily Global, Regional & Local Rice E-Newsletter
DNA rice breakthrough raises 'green revolution' hopes 15/02/2016 AFP News agency Rice-growing techniques learned through thousands of years of trial and error are about to be turbocharged with DNA technology in a breakthrough hailed by scientists as a potential second green revolution. FIRST GREEN REVOLUTION The first green revolution began in the 1960s with the development of higher yielding varieties of wheat and rice that prevented massive global food shortages around the world. That giant leap to producing more food involved the cross-breeding of unrelated varieties of rice to produce new varieties of rice that grew faster and produced higher yields, mainly by being able to respond better to fertiliser. But the massive gains in rice yields which earned US geneticist Norman Borlaug the Nobel Peace Prize in 1970, have long reached a plateau. The Philippines-based International Rice Research Institute (IRRI) is a non-profit research organization that played an important role in the first green revolution and is still working with governments to develop advanced varieties of rice (follow IRRI on Facebook here). THREATS TO RICE GROWING Because of increasingly stressful conditions for rice growing expected in the 21st Century, farmers and rice breeders will need new DNA tools, which scientists stress are not the same as controversial genetic modification or GMOs. While there will be many more millions of people to feed soon, there is also expected to be less land available for planting as farms are converted for urban development, destroyed by rising sea levels or land is converted to growing crops other than rice. Rice paddy destroying floods, drought and storms are also expected to worsen with climate change. Meanwhile, pests and diseases that evolve to resist herbicides and pesticides will be more difficult to kill. And fresh water, vital for growing rice, is expected to become an increasingly scarce commodity in many parts of the world. As scientists develop the tools necessary to harness the full advantages of the rice genome database, the hope is that new rice varieties can be developed to combat all of these problems. "Essentially, you will be able to design what properties you want in rice, in terms of the drought 10 | 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 resistance, resistance to diseases, high yields, and others," said Russian bioanalytics expert and IRRI team member Nickolai Alexandrov. IMPROVED RICE YIELDS Since rice was first domesticated thousands of years ago, farmers have improved yields through various planting techniques. For the past century rice breeders have isolated traits, such as high yields and disease resistance, then developed them further through cross-breeding. However, they did not know which genes controlled which traits, leaving much of the effort to lengthy time-consuming guesswork. The latest breakthroughs in molecular genetics promise to fast-track the process, eliminating much of the mystery, scientists involved in the project at IRRI told AFP. REDUCING DEVELOPMENT TIME FROM 12-YEARS TO 3-YEARS Better rice varieties can now be expected to be developed and passed on to farmers' hands in less than three years, compared with 12 without the guidance of DNA sequencing technology. Genome sequencing involves decoding DNA, the hereditary material of all living cells and organisms. The process roughly compares with solving a giant jigsaw puzzle made up of billions of microscopic pieces. A multinational team undertook the four-year project at IRRI with the DNA decoding primarily done in China by BGI corporation, the world's biggest genome sequencing firm. Leaf tissue from rice samples, drawn mostly from IRRI's gene bank of 127,000 varieties of rice were ground up by an IRRI team at its laboratory in Los Banos, near Manila's southern outskirts, before being shipped for sequencing. PACKING MORE NUTRIENTS INTO RICE One of the key priorities of IRRI is to pack more nutrients into rice, transforming rice into a tool to fight ailments linked to inadequate diets in poor countries as well as lifestyle diseases in wealthier countries. Type-2 diabetes, which afflicts hundreds of millions of people, can be checked by breeding for particular varieties of rice which when cooked will release sugar into the bloodstream more slowly. IRRI scientists are also hoping to breed rice varieties with a higher component of zinc, which prevents stunted growth and deaths from diarrhea in rice-eating Southeast Asia. http://www.bangkokpost.com/news/asia/864756/dna-rice-breakthrough-raises-green-revolutionhopes Bang post 11 | 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
Rice course to build up agriculture expertise By Htoo Thant | Tuesday, 16 February 2016
Myanmar is to develop a corps of rice experts, specialists who will be tasked with making the most of what may be the country’s single most important product. Yezin Agricultural University, the only university producing agriculturalists, is preparing to expand its courses by introducing a specialisation in rice in the coming academic year, says rector U Myo Kywe.Nearly 13 million acres of the country’s 21 million acres under cultivation are devoted to rice, rising to about 20 million acres if summer paddy is taken into account. During the 1950s, Myanmar was a major global rice exporter, a position it subsequently lost under the military regime. ―We will offer specialist courses in rice cultivation starting in the second year, starting next year, initially for 50 to 100 students,‖ said U Myo Kywe.The university was launching the specialisation on the advice of international organisations and experts, he said. U Sein Win, a Pyithu Hluttaw MP for Maubin township in Ayeyarwady Region who has regularly raised agriculture-related issues in parliament, said he supported a stronger focus on training in the sector, particularly practical experience.―Students should learn theory at the school, and practice on the farm. Their creativity and experience will help the country improve its agricultural sector,‖ he said, adding, ―Specialised courses should be offered on other agricultural products as well.‖U Myo Kywe said that on-the-job training would be provided to students through cooperation between the university and the Ministry of Agriculture and Irrigation’s Agricultural Research Department. ―Not everything can be learned from books. They will gain experience in the field on pests and plant diseases,‖ he said, adding that additional staff such as drivers would also be needed to support the new courses.Agricultural graduate Ko Nay Soe said that previous government attempts to strengthen agricultural education had concentrated on infrastructure, dams and water supply rather than human resources.With expert foreign assistance, Yezin Agricultural University is undertaking improvements, including a five-year technical exchange project in cooperation with a Japanese organisation. Three Japanese specialists are in residence to observe lecturing,researching and administration.―They are assessing the effectiveness of the curriculum and will advise us based on their analysis,‖ said U Myo Kywe.He said additional experts would be invited, including 10 laboratory technicians and specialists in food safety and food science, and Japanese lecturers might come to teach at the university. http://www.mmtimes.com/index.php/national-news/19001-rice-course-to-build-up-agricultureexpertise.html
Arkansas Farm Bureau Daily Commodity Report Rice High Low Long Grain Cash Bids Long Grain New Crop
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Daily Global, Regional & Local Rice E-Newsletter Futures:
High Mar '16 1095.5 May '16 1121.5 Jul '16 1137.0 Sep '16 Nov '16 Jan '17 Mar '17
Low 1073.5 1103.0 1137.0
Last Change 1084.0 +7.5 1111.0 +8.0 1139.0 +8.0 1155.5 +9.0 1172.5 +10.5 1185.5 +9.0 1185.5 +9.0
Rice Comment Rice future were higher, but gains were limited. USDA says 53,000 metric tons were sold to foreign buyers last week, compared with only 40,200 metric tons the previous 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 mid-south 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. The market is anxiously awaiting the results of an Iraqi tender for U.S. origin only rice. http://www.arfb.com/mobile/commodity.aspx
Nagpur Foodgrain Prices Open-Feb 15 Nagpur Foodgrain Prices - APMC & Open Market-February 15 Nagpur, Feb 15 Gram and tuar prices firmed up again in Nagpur Agriculture Produce and Marketing Committee (APMC) here on increased buying support from local millers amid weaksupply from producing belts. Fresh rise on NCDEX in gram, upward trend in Madhya Pradesh pulsesand weak overseas supply also pushed up prices, according to sources. *
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FOODGRAINS & PULSES GRAM * Gram varieties recovered in open market here on renewed demand from local traders amid weak supply from producing regions. TUAR * Tuar varieties moved down in open market in absence of buyers amid good supply from producing regions. * Moong and udid varieties declined in open market on poor demand from local traders 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 amid increased arrival from producing belts. Release of stock from stockists also pulled down prices. * In Akola, Tuar New - 7,700-7,900, Tuar dal New - 11,800-12,200, Udid 11,600-12,600, Udid Mogar (clean) - 13,900-15,700, Moong 8,000-8,200, Moong Mogar (clean) 9,000-9,200, Gram - 4,100-4,200, 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 4,000-4,400 3,950-4,440 Gram Pink Auction n.a. 2,100-2,600 Tuar Auction 7,200-8,300 7,200-8,390 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 6,000-6,200 5,900-6,100 Gram Super Best n.a. n.a. Gram Medium Best 5,400-5,800 5,500-5,700 Gram Dal Medium n.a. n.a Gram Mill Quality 4,600-4,700 4,500-4,600 Desi gram Raw 4,500-4,550 4,500-4,550 Gram Filter new 4,650-4,950 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 12,400-12,500 12,600-12,700 Tuar Fataka Medium-New 12,000-12,300 12,100-12,400 Tuar Dal Best Phod-New 11,800-12,200 11,900-12,300 Tuar Dal Medium phod-New 10,900-11,500 11,000-11,600 Tuar Gavarani New 8,100-8,450 8,000-8,500 Tuar Karnataka 8,400-8,800 8,500-8,900 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) 9,400-9,800 9,600-10,000 Moong Mogar Med 8,700-9,100 8,900-9,300 Moong dal Chilka 7,600-8,800 7,800-8,800 Moong Mill quality n.a. n.a. Moong Chamki best 8,400-8,600 8,600-8,800 Udid Mogar best (100 INR/KG) (New) 15,300-16,000 15,500-16,300 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
Daily Global, Regional & Local Rice E-Newsletter Udid Mogar Medium (100 INR/KG) 13,000-13,500 13,200-13,700 Udid Dal Black (100 INR/KG) 9,400-9,500 9,500-9,600 Batri dal (100 INR/KG) 5,700-6,000 5,700-6,000 Lakhodi dal (100 INR/kg) 4,300-4,600 4,300-4,600 Watana Dal (100 INR/KG) 3,300-3,450 3,300-3,450 Watana White (100 INR/KG) 3,000-3,200 3,000-3,200 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. 32.4 degree Celsius (90.3 degree Fahrenheit), minimum temp. 20.2 degree Celsius (68.3 degree Fahrenheit) Humidity: Highest - n.a., lowest - n.a. Rainfall : n.a. FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 31 and 20 degree Celsius respectively. Note: n.a.--not available (For oils, transport costs are excluded from plant delivery prices, butincluded in market prices.) http://in.reuters.com/article/nagpur-foodgrain-idINL3N15U2GN
15 | 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
APEDA RICE COMMODITY NEWS International Benchmark Price Price on: 16-02-2016
Product
Benchmark Indicators Name
Price
1
Chinese first grade granules, CFR NW Europe (USD/t)
3500
2
Chinese Grade A dehydrated flakes, CFR NW Europe (USD/t)
4500
3
Chinese powdered, CFR NW Europe (USD/t)
3000
1
Chinese sliced, CIF NW Europe (USD/t)
2150
2
Chinese whole, CIF NW Europe (USD/t)
2300
3
Indian Cochin, CIF NW Europe (USD/t)
2850
1
Indian 100 mesh 3500 cps, FOB Kandla (USD/t)
3780
2
Indian 200 mesh 3500 cps basis, FOB Kandla (USD/t)
1180
3
Indian 200 mesh 5000 cps, FOB Kandla (USD/t)
2300
Garlic
Ginger
Guar Gum Powder
Source:agra-net
For more info
Market Watch Commodity-wise, Market-wise Daily Price on 16-02-2016 Domestic Prices Product
Unit Price : Rs per Qty
Market Center
Variety
Min Price
Max Price
1
Chala (Kerala)
Other
2480
2750
2
Murud (Maharashtra)
Other
2500
3000
3
Barasat (West Bengal)
Other
2500
2600
1
Haveri (Karnataka)
Local
1600
1650
2
Sangli (Maharashtra)
Other
2000
2800
3
Dahod (Gujarat)
Lokwan
1725
1912
1
Malout (Punjab)
Other
1280
1500
2
Chittorgarh (Rajasthan)
Other
900
1200
3
Pilibhit (Uttar Pradesh)
Other
1045
1075
1
Vyra (Gujarat)
Other
2000
3000
2
Chala (Kerala)
Other
3700
3756
3
Jagraon (Punjab)
Other
400
600
Rice
Wheat
Papaya
Cauliflower
Source:agmarknet.nic.in
For more info
Egg
Rs per 100 No Price on 16-02-2016 Product 1
Market Center Pune
Price 385
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Daily Global, Regional & Local Rice E-Newsletter 2
Hyderabad
355
3
Nagapur
345
Source: e2necc.com
Other International Prices
Unit Price : US$ per package Price on 16-02-2016
Product
Market Center
Origin
Variety
Low
Potatoes
High Package: 50 lb cartons
1
Atlanta
2
Baltimore
3
Chicago
Colorado
Russet
17
17.50
Idaho
Russet
18
18.50
California
Russet
21
21
11.50
12
Cabbage
Package: 50 lb sacks
1
Atlanta
Florida
Round Green Type
2
Dallas
Mexico
Round Green Type
13
13
3
Miami
Florida
Round Green Type
12
14
Grapefruit
Package: 4/5 bushel cartons
1
Atlanta
Florida
Red
21
21.50
2
Chicago
Florida
Red
24
24
3
Miami
Florida
Red
19
22
Source:USDA
Satake to host rice seminar in Vietnam 2/16/2016 - by World Grain Staff
HIROSHIMA, JAPAN —Satake Thailand Co. Ltd. has made an agreement to hold a technical seminar in April to allow rice millers in Can Tho, Vietnam, to be introduced to the latest rice milling equipment from Satake. The initiative is expected to help stimulate further sales promotion within Vietnam in the future, Satake said.The agreement was made following a Jan. 14 meeting of Shoichi Tanaka, president of Satake Thailand, and six delegates and Can Tho people’s committee. Hiroshima prefecture organizes business matching projects between companies in Hiroshima and Can Tho since 2014 as part of regional industry tie-up project by JETRO (Japan External Trade Organization). In October 2015, Dao Anh Dung, the vice-chairman of Can Tho people's committee and his party came to Hiroshima prefecture and visited Satake, which has a presence in Vietnam. The delegation greatly appreciated Satake's technology, and subsequently, on their return, began recommending Satake products to rice millers in their city, the company said.Satake has been exporting rice milling equipment to Vietnam since 1989, and now supplies dryers and optical sorters to that market. The seminar in April is expected to help stimulate further sales promotion to the country. 17 | 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 http://www.worldgrain.com/articles/news_home/Supplier_Update/2016/02/Satake_to_host_rice_seminar_in.aspx?ID=%7B 24BBFBB4-C79A-4FA2-9C1B-A0772C412191%7D&cck=1
USA Rice Comments on Ongoing TPP Investigation by USITC By Michael Klein
WASHINGTON, DC -- USA Rice submitted comments to the U.S. International Trade Commission (USITC) on the Trans Pacific Partnership (TPP) trade agreement to assist the agency in evaluating the economic impact of the TPP on the U.S. economy. "USA Rice is a consistent and strong supporter of well negotiated trade agreements," said USA Rice COO Bob Cummings. "The profitability of our sector and the economic health of our members depends on reliable and high quality access to international markets, and we welcome this opportunity to assist the USITC in assessing the pluses and minuses of the TPP for the U.S. rice industry.""While the TPP agreement provides new access for U.S. rice in Japan for the first time since the Uruguay Round was completed in 1995, the achievements were much less than our modest expectations, both in terms of the quantity and quality of our access," according to Cummings.
"We are also concerned about an improvement, at the expense of U.S. exporters, of Viet Nam's competitiveness in Mexico because Mexico has agreed to phase out import duties on rice from Viet Nam once TPP is implemented. We are still reviewing the rice provisions of this complex agreement and we look forward to the USITC's report."Cummings said the USA Rice comments don't take a final position on TPP, but rather lay out the trade specifics: a modest increase in 18 | 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 U.S. tonnage entering Japan and improved competitiveness of Viet Nam in the U.S.'s top market of Mexico."It will be up to USITC to advise Congress on what they think the impact of TPP ultimately will be," he said. "And of course, they aren't just looking at rice, but rather the entire U.S. economy." The USITC investigation - Trans-Pacific Partnership Agreement: Likely Impact on the U.S. Economy and on Specific Industry Sectors - is mandated in the Bipartisan Congressional Trade Priorities and Accountability Act of 2015, and is expected to be delivered to the House Committee on Ways and Means and the Senate Committee on Finance in May. This economic assessment is required before Congress can consider approval of the TPP agreement. Many believe that congressional consideration will not occur until after the 2016 elections, nonetheless this issue will be on the agenda when USA Rice members meet with legislators and government officials during next week's USA Rice Government Affairs Conference here
Next step in Normalization of Relations: U.S., Cuba Agree to Commercial Flights By Deborah Willenborg
WASHINGTON, DC -- The United States and Cuba signed an agreement this morning to resume commercial air traffic for the first time in five decades. U.S. airlines can now start bidding on routes for as many as 110 U.S.-Cuba daily flights - more than five times the current number. All flights operating between the two countries today are charters.Tourism is still barred by law so Americans traveling to Cuba still need to meet one of 12 criteria authorized by the U.S. government."Air travel between the two countries will help facilitate tourism, business, and economic activity in Cuba," said USA Rice President & CEO Betsy Ward. "USA Rice has been at the forefront of the push to open up trade with Cuba because we know normal trade will get the Cuban economy moving to create capital that can be used to purchase the products they need, namely U.S. rice. 19 | 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
USDA Announces Prevailing World Market Prices and Loan Deficiency Payments for Rice Mark Simone (202) 720-5653 Mark.Simone@wdc.usda.gov WASHINGTON, February 17, 2016-The Department of Agriculture's Commodity Credit Corporation today announced the following prevailing world market prices of milled and rough rice, adjusted for U.S. milling yields and location, and the resulting marketing loan gain (MLG) and loan deficiency payment (LDP) rates applicable to the 2015 crop, which will become effective today at 7:00 a.m., Eastern Time (ET). Rough rice prices are unchanged from the previous announcement. --------- World Price----------
MLG/LDP Rate
Milled Value ($/cwt)
Rough ($/cwt)
Long Grain
14.66
9.40
0.00
Medium/Short Grain
14.28
9.48
0.00
Brokens
8.84
---
---
This week's prevailing world market prices and MLG/LDP rates are based on the following U.S. milling yields and the corresponding loan rates: U.S Milling Yields Whole/Broken (lbs/cwt)
Loan Rate ($/cwt)
Long Grain
56.41/12.76
6.60
Medium/Short Grain
59.91/10.45
6.45
The next program announcement is scheduled for February 24, 2016. http://www.fsa.usda.gov/programs-and-services/economic-and-policy-analysis/food-grainsanalysis/rice-reports/2016/prfebruary172016 Thank you for your interest in Daily Rice News! Our Researchers & Editorial Team work hard to share their best News for analysis, please give them credit. Any reproduction of www.Ricepluss.com/ www.riceplusmagazine.blogspot.com content requires written permission from us and clear reference to ww.riceplusmagazine.blogspot.com. Copyright Š 2016 20 | 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