1st September, 2015 All About Rice News
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Vol 5,Issue XIV
Global Rice E-Newsletter
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News Headlines...
Western disturbance may stop monsoon-on-retreat Ban on rice export extended till December Currency moves to tag-team El Niño in Asia rice markets Critic claims Golden Rice may never be introduced, better Vitamin A deficiency solutions exist Agreement Between Dow Chemical Co (NYSE:DOW) and ICS-CAAS Farmer gets award for large-scale adoption of drip irrigation Min of Commerce to open 6th bid for in-stock rice Goal of 1 Million Tons of Rice Export Unlikely Rice Federation Forecasts Exports to Resume as Scheduled in Mid-September Rice harvest underway, yields, acreage in question Arkansas Farm Bureau Daily Commodity Report Summer Promotions Help U.S. Rice Dominate Turkish Imports Vietnam Food Association Visits USA Rice CME Group/Closing Rough Rice Futures P.F. Chang‘s Launches Ricegivingsm Program to Feed Hungry Families
News Detail... Western disturbance may stop monsoon-on-retreat Vinson Kurian Thiruvananthapuram, September 1:
The overall rain deficit for the country as a whole has reverted to 12 per cent on the first day of September even as most parts of the country except the East witnessed dry conditions. A formal announcement of the withdrawal of the monsoon is awaited but available indications suggest that the process may have started, bar the shouting. Anti-cyclone on prowl
A signature anti-cyclone (clock-wise circulation buffeted by barren north-westerly winds) could even weigh over the ground over north-west India and later over west-central India briefly during this week. This anti-cyclone would later be the fulcrum around which the winter weather would set in as the north-westerly winds bring cold Arctic air into play over the plains over North and Central India. But the rain-suppressing anti-cyclone will get unsettled by an incoming western disturbance during the weekend and later by some belated activity being predicted in the Bay of Bengal. The latter will be underwritten by yet another typhoon building in West-central Pacific, the umpteenth time this season when a churn in that massive body of water would dictate weather in the Bay far to its east. Daily Global
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The European Centre for Medium-Range Weather Forecasts, however, doesn‘t seem to great store by the fresh low-pressure area building in the Bay in response to the call from the Pacific. Initial forecasts made by the Centre suggests that the ‗low‘ may help prolong the spell of showers along the East Coast, including coastal Tamil Nadu, Andhra Pradesh and Tamil Nadu. The productive session in the East and North-East getting extended to the East Coast is in the ‗best traditions‘ of and observed pattern during a weakened monsoon when rains shut out elsewhere. The US National Centres of Environment Prediction pointed to a scenario where the rains dry up rapidly from the Northwest first to East during the next two weeks. Sporadic showers in the North-West from western disturbances and better organised rain from a monsoon fighting for a foothold in East and North-East and along the East Coast would be the only exception. (This article was published on September 1, 2015) WWW.businessline
Ban on rice export extended till December Syed Samiul Basher Anik The government has extended a ban on export of all varieties of rice, except the aromatic ones by another six months till December 2015.A commerce ministry official said the decision was taken to ensure adequate supply to the local market so the prices do not surge and remain within the people‘s affordability.The ministry on August 25 issued an order extending the ban, effective from July 1, 2015, in line with the Imports and Exports (Control) Act 1950. Officials said the ban had to extend as the previous ban imposed on June 2014 expired on June 30, 2015. The ban on export of all types of rice was first imposed in November 2008 and saw extension several times. Later, export of aromatic rice resumed in mid-2012.Traders can export aromatic rices to international market with prior permission from the ministry.The rice varieties that can be exported include Kalojira, Chinigura, Chiniatop, Chinikanai, Kataribhog, Badshabhog, Kataribhog, Modonbhog, Radhunipagol, Banshphul, Jotabanshpul, Binnaphul, Tulshimala, Tulshiatap, Tulshimoni, Madhumala, Khorma, Sakkur Khorma, Nunia, Poshushail, BR 5 (Dulabhog) and BR 34, 37, 38 and 50.According to exporters, Bangladesh annually export around 5,000 tonnes of aromatic rice to international market. The demand of Bangladeshi rice is high among Bangladeshi expatriates especially in Middle East countries, United States of America, United Kingdom, Australia and Canada.Considering the demand, many exporters have applied to the commerce ministry to open the export.More than 30 companies, including PRAN, Square, ACI, Sajeeb and Banaphul, export aromatic rice to different countries. http://www.dhakatribune.com/business/2015/sep/01/ban-rice-export-extended-till-december#sthash.NFdikC3f.dpuf
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Currency moves to tag-team El Ni単o in Asia rice markets By Clyde Russell, Reuters August 31, 2015 | 3:20 pm EDT Market wisdom is that Asian rice prices are set to rally as El Nino cuts output and bulging stockpiles are steadily eroded.There's nothing wrong with this view, but as is often the case there are some offsetting factors that make a strong rally far from a sure thing, as can be seen by recent price movements in the grain, the staple for some two-thirds of the world's population.Benchmark Thai 5-percent broken white rice staged a 10 percent rally from a 7 1/2-year low of $367.50 a tonne on June 24 to a recent peak of $405 on July 17.However, since then, it has dropped back to a fresh low of $362.50 a tonne on Aug. 27, making the rally very short-lived.Part of this is the general malaise that has roiled most commodity markets, but part is also that buyers have been demanding lower prices because of the depreciation of the Thai baht. The baht has lost 10 percent of its value against the U.S. dollar since its 2015 closing high of 32.33 in April to Thursday's close of 35.64.The fall in the baht has caused the baht price of rice to whipsaw about, but overall it is down about 6 percent so far this year, or less than half the 13.3 drop in dollar terms.It's much the same situation for Thailand's regional competitor in rice exports,Vietnam, which has seen its currency, the dong, slip 6.7 percent against the dollar from the year high in early February to the close of 22,534 on Thursday.Vietnamese 5-percent broken white rice has surrendered 12.9 percent so far this year to $337.50 a tonne, but is down only 8.2 percent in local currency terms.With the outlook for ongoing dollar gains, especially against emerging market currencies, the chances are that buyers will apply additional pressure on sellers to keep prices low in dollar terms.
El Nino Looms But what of El Nino, the weather phenomenon that brings dry, hot weather toSoutheast Asia and Australia, but wetter conditions to North America.Weather forecasters have been upping their predictions for a strong El Nino, which would last into next year and most likely cut output of rice, as well as that of Australian wheat, soybeans in India and corn in China.Any rice production shortfall will have to be made up from stockpiles, but how much more rice is likely to be needed and will it be enough to significantly dent Thailand's rice mountain, built up by the ousted government as part of its generous support measures for farmers? Indonesia, traditionally a rice importer but trying hard to become self-sufficient, still expects to increase its harvest by 7 percent in 2015 despite El Nino.However, El Nino may delay rice crops and lead to imports of as much as 1.6 million tonnes this year, according to analysts, a step that would help curb rising domestic rice prices, already the second-highest in Southeast Asia.The Philippines, another heavy importer, also plans to boost domestic rice production in 2016, but will import more in 2015 to meet a shortfall in this year's output.The government has already bought 750,000 tonnes this year and may import another 250,000 before the end of the year. Private traders may add as much as 805,200 tonnes by Nov. 30, subject to a 35 percent tariff.
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All About Rice News China's early season rice output dropped 0.9 percent to 33.69 million tonnes in 2015 from a year earlier, according to official figures, raising the possibility of higher imports by the world's second-biggest economy.While it seems likely that Asia's top importers will increase purchases, there is still the question of large stockpiles that need to be worked through.Thailand's 13-million tonne rice mountain may actually contain only about 9 million tonnes of edible rice because of spoiling from long storage periods, according to the U.N. Food and Agriculture Organisation (FAO).The FAO also says that inventories have been dropping steadily in the world's five biggest exporters, after strong shipments in 2014, and the stockto-use ratio, the level of inventories relative to domestic consumption and exports, will drop to 19 percent in 2015/16, the lowest since 2007/08. This indicates a tightening of supply, but still suggests there is plenty of rice available even as El Nino makes its presence felt.While rice prices should rise, the chances are that the process won't be even and will be influenced by currency movements, with those exporters experiencing stronger depreciation against the dollar likely to seek to maximize their advantage. http://www.agprofessional.com/news/currency-moves-tag-team-el-ni%C3%B1o-asia-ricemarkets?utm_source=USA+Rice+Daily%2C+September+1%2C+2015&utm_campaign=Friday%2C+De cember+13%2C+2013&utm_medium=email
Critic claims Golden Rice may never be introduced, better Vitamin A deficiency solutions exist Glenn Davis Stone | September 1, 2015 | Blog PRINTER FRIENDLY
The GLP aggregated and excerpted this blog/article to reflect the diversity of news, opinion and analysis.
Few GM crops are discussed as much — and misunderstood as much — as ―Golden Rice.‖All the shouting tends to cover up a crucial issue with Golden Rice: who is it for, exactly? Proponents usually discuss it as a vitamin tablet headed for generic underfed children in ―poor countries‖.But here‘s the problem. Golden Rice is not a vitamin tablet, it‘s rice, and it is headed specifically for the Philippines.Most discussions ignore this Philippine context which is remarkable because the Philippines is hardly just a country with vitamin A-deficient children. The country is unique with respect to rice, with a storied history and contested future for the crop.And Golden Rice doesn‘t grow well in the Philippines — not yet anyway. As of this writing, over 14 years after the International Rice Research Institute (IRRI) began trying to bring Golden Rice down to earth in the Philippines, it still exhibits lower productivity. Contrary to claims that children are dying because of Greenpeace‘s opposition, Golden Rice is simply not ready. IRRI is quite clear about this, as a visit to their website will show.Even if Golden Rice is brought up to speed agronomically, its goal of having a significant public health impact is probably unlikely. Nutrition programs have already reduced childhood VAD. Again, IRRI itself has been transparent, acknowledging on their website that VAD is being effectively reduced without Golden Rice.IRRI is also quite explicit that it will release Golden Rice only IF it Daily Global
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All About Rice News is ―shown to improve vitamin A status.‖ And it might not. Filipino children who still suffer from VAD have poor diets lacking in the fats that are needed to absorb Vitamin A. http://www.geneticliteracyproject.org/2015/09/01/critic-claims-golden-rice-may-never-introduced-bettervitamin-deficiency-solutions-exist/
Agreement Between Dow Chemical Co (NYSE:DOW) and ICS-CAAS September 01 09:142015
by Ann Garaghty [Business Wire] Dow Chemical Co (NYSE:DOW)(TREND ANALYSIS) has entered into a collaboration agreement with the Institute of Crop Sciences of the Chinese Academy of Agricultural Sciences (ICS-CAAS). Under the agreement, Dow AgroSciences grants ICS-CAAS a royalty-free, non-transferable research and commercialization license for its proprietary EXZACT™ Precision Genome Editing Technology to be used in rice in China. Dow AgroSciences and ICS-CAAS scientists will collaboratively develop an industry-leading rice genome editing technology platform.The EXZACT Precision Genome Editing Platform will enable ICS-CAAS scientists to capitalize on their significant investment and technical expertise in rice genomics, transcriptomics, proteomics, and cell biology as well as accelerate integration of the scientific knowledge generated in rice to rapidly develop valuable products for China. Dow AgroSciences has developed the EXZACT Precision Technology platform under an exclusive license and collaboration agreement in plants with Sangamo BioSciences, Inc. Dow AgroSciences and ICS-CAAS scientists will work together to make sure that the expertise and strengths of both parties are best combined to accelerate rice research and product development in China.Stock Performance: Click here for a free comprehensive Trend Analysis ReportDow Chemical Co (NYSE:DOW) stock is currently trading 20.28% below its 52-weekhigh, 24.81% above its 52-week-low. The 1-year stock price history is in the range of $35.11 – $54.97. Dow Chemical Co (DOW) has a price to earnings ratio of 12.45 versus Basic Materials sector average of 17.11. DOW stock price has outperformed the S&P 500 by 1.2%. The Diversified Chemicals company is currently valued at $50.75 billion and its share price closed the last trading session at $43.82. The stock has a 50-day moving average of $46.65 and a 200-day moving average of $49.26.Dow Chemical Co (DOW) current short interest stands at 21.11 million shares. It has increased by 10% from the same period of last month. Around 2% of the company‘s shares, which are float, are short sold. With a 10-days average volume of 10.7 million shares, the number of days required to cover the short positions stand at 2 days.The company is expected to announce next quarter earnings on October 22, at consensus estimate of $0.71. Dow Chemical Co (DOW) reported last quarter earnings on July 23. The Diversified Chemicals company announced Daily Global
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All About Rice News earnings per share of $0.91 against a consensus Street estimate of $0.81, beating the average estimate by $0.1. This corresponds to an increase of $0.07 compared to the same quarter of the previous fiscal year.
Is this a Buying Opportunity? Click here for a free Trend Analysis Report There are currently twenty-one analysts that cover Dow Chemical Co stock. Of those twenty-one, thirteen have a Buy rating, seven have a Hold rating and one has a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $55.78. A recent analyst activity consisted of Susquehanna reiterating their Neutral stance on April 28. Susquehanna increased their price target on DOW from $48 to $52. This corresponds to a 18.67% upside from the last closing price. On the date of report, the stock closed at $51.41.Jefferies reiterated their Buy stance on April 27, and increased their price target on DOW stock from $48 to $50. This corresponds to a 14.1% upside from the last closing price. On the date of report, the stock closed at $51.06. Another research firm was Citigroup who reiterated their Buy stance on April 24. Citigroup increased their price target on Dow Chemical Co from $52 to $57. This translates to a 30.08% upside from the last closing price. On the date of report, the stock closed at $50.72. Company profile
The Dow Chemical Company is a diversified chemical company that provides chemical, plastic, and agricultural products and services to various essential consumer markets. The Company serves customers
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http://www.marketswired.com/agreement-between-dow-chemical-co-nysedow-and-ics-caas/225995/
Farmer gets award for large-scale adoption of drip irrigation Press Trust of India | Coimbatore September 1, 2015 Last Updated at 21:57 IST
A farmer from Tirupur district has been selected for 'Innovative rice farmer award' for the year 2015 by the Indian Institute of Rice Research, Hyderabad, for large-scale adoption of drip irrigation. M Parthasarathy from Govindapuram village in Tirupur district was selected among 30 farmers from 16 states who were nominated for this award. The rice innovative farmer award is given to one who has developed innovative product/practice which has potential for wider adoption in rice cultivation. Parthasarathy was awarded for large-scale adoption of drip irrigation in rice in Amaravathy sub-basin in the state. The award, carrying a citation, was received by his son at the 'Innovative Rice Farmers Meet-2015 at the Institute on August 29 from Union Minister for Labour and EmploymentBandaru Dattatreya in the presence of B J Pandian,Director, Water Technology Centre, Tamil NaduAgricultural University, who guided Parthasarathy.
Govindapuram village was brought under Micro Irrigation under a World Bank funded Project Tamil Nadu Irrigated Agriculture Modernization and Water Bodies Restoration and Management Project (TN-IAMWARM). Growing rice under drip irrigation is a new concept tested by Water Technology Centre and promoted for adoption. But the adoption of the drip system for rice crop alone may be uneconomical, Pandian said in a relase today. Parthasarathy introduced drip irrigation for rice in a cropping system approach, with support from drip system by the University for onion. He cultivated onion in April-June, raised maize in July-September and cultivated rice by using the same drip system in October-February. He and 11 farmers cultivated CR1009 under direct sowing under drip in 2013 and during 2014, 23 farmers cultivated COR51 in drip system and on an average, they achieved 6 -7. 5 tonnes per hectare yield under drip irrigation. Introduction of drip irrigation for rice is more economical under cropping system approach and could be widely propagated wherever rice is being cultivated under well irrigation sources where ground water categories classified as over exploited and exploited categories. "Govindapuram has proved to the nation that under limited water condition, three crops in a year, including rice (Onion-Maize-rice) could be grown more successfully under drip irrigation," Pandian said. http://www.business-standard.com/article/pti-stories/farmer-gets-award-for-large-scaleadoption-of-drip-irrigation-115090101473_1.html
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Min of Commerce to open 6th bid for in-stock rice
NONTHABURI, 1 September 2015 (NNT) – The Ministry of Commerce is set to initiate the 6th rice bidding to release 732,806 tons of the government’s in-stock rice, and anticipates a good reception from the private sector, an official says. The Department of Foreign Trade (DFT) Director-General Duangporn Rodphaya has revealed that the Ministry of Commerce is preparing to release 732,806 tons of the government‘s in-stock rice from the stock of the Public Warehouse Organization and the Marketing Organization for Farmers. Ten types of rice are available in this round of auctions, including 5 percent white rice, 10 percent white rice, 10 percent sticky rice, 15 percent white rice, 25 percent white rice, 100 percent Hom Mali jasmine rice, broken-milled A1 rice, Pathum Thani rice, and broken-milled Hom Mali jasmine rice.The requirements examination for this auction‘s applicants will begin 7 September 2015, while the official announcement for tenders will be made on 8 September 2015, the same day the tender offer is announced. The DFT Director-General expects that this round of auctions will receive much attention from entrepreneurs.
http://news.thaivisa.com/thailand/thailand-live-tuesday-1-sep-2015/112921/
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Goal of 1 Million Tons of Rice Export Unlikely
A Cambodian vendor cleans rice at her shop in a roadside market in Phnom Penh, file photo. Phorn Bopha, VOA Khmer 31 August 2015 PHNOM PENH— Several years ago, prompted by Prime Minister Hun Sen, Cambodia‘s rice exporters set a goal to ship out 1 million tons of milled rice by the end of 2015. But millers and traders now say they are unlikely to reach that goal.In the first seven months of the year, Cambodia has exported just over 312,000 tons. That‘s a good jump from around 203,000 tons for the same period last year, but far from what‘s needed to meet the 1 million ton goal.Experts blame a lack of capital, which means not enough rice in its husk can be bought and stored before it‘s processed.Hean Vanhan, director general of the Ministry of Agriculture‘s general directorate, said about 67 percent of Cambodia‘s milled rice exports went to Europe, 11 percent to Asia and 27 percent to other destinations. A small portion went to the Middle East, he said. Cambodia sent 74,000 tons of rice to China, the largest shipment to a single country, followed by France, which received 40,000 tons, then Poland, Malaysia, Netherlands, Czech Republic, England and Greece.Hean Vanhan said it would be nearly impossible to achieve the 1 million ton mark. ―But if we all try in the next five months, perhaps we can accomplish it,‖ he said.Cambodia is able to grow about 5 million tons of rice each year, but much of it is either Daily Global
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All About Rice News consumed in the country or shipped out, unprocessed, via Thai and Vietnamese traders, to be processed in those countries and sold. Farmers need to sell their rice right away, Hean Vanhan said. ―They won‘t keep their rice. They need money immediately. ‖Se La Len, general manager of Hak Se, a rice trading company, said they spent a lot of money on heavy machinery to meet international standards for export, but he cannot compete with buyers from Vietnam, who buy rice from farmers. His company has exported 72 tons of milled rice.Other companies have similar complaints. Lor Reaksmey, a spokesman for the Ministry of Agriculture, agreed, saying that farmers often must sell their rice to middlemen, allowing it to be processed—and profited from—by neighboring countries. http://www.voacambodia.com/content/goal-of-1-million-tons-of-rice-export-unlikely/2939388.html
Rice Federation Forecasts Exports to Resume as Scheduled in Mid-September By KYAW HSU MON / THE IRRAWADDY| Monday, August 31, 2015 |
RANGOON — Recently halted after severe flooding that inundated swathes of the country, Burma will resume rice exports as scheduled from midSeptember, the country‘s rice federation said on Monday.Members of the Myanmar Rice Federation had agreed to a temporary pause on exports and to sell domestically at regular prices to buyers in urgent need while authorities‘ and aid groups struggled to respond to the country‘s worst flooding in recent memory. The rice federation forecasts requirements for local consumption will be met following what would be over a month-long halt in mid-September.―New rice will come onto the market as next month is harvest season, then the market price will be stable,‖ said Soe Tun, joint secretary of the Myanmar Rice Federation. ―There is enough for local consumption now, that‘s why we will resume exports as scheduled.‖Despite the federation‘s urgings, rice prices increased in some areas of the country and shortages were experienced in townships seriously impacted by flooding, including in Chin State, Arakan State and Magwe Division. The Myanmar Rice Federation opened some 20 rice shops in flood-affected areas, including in Rangoon and Mandalay, to sell rice at the subsidized rate of around 22,000 kyat per 50 kilogram bag.But according to reports from Sittwe, 50 kilogram bags were selling for between 60,000 to 96,000 kyat in the Arakan State capital.The federation stated in early August that it would call on supplies of around 85,000 bags in Rangoon and 15,000 in Mandalay to meet local demand.―Now Daily Global
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All About Rice News the normal rice price is stable at 20,000 kyat per [50 kilogram] bag,‖ Soe Tun said. ―And I heard there are only a few people buying rice in our 20 rice shops [in flooded areas], that‘s why we won‘t delay rice exports.‖Rice is a key export for Burma, with the majority traded overland to China, through the Muse-Ruili checkpoint. Min Zaw, a rice trader based in Rangoon, said he expected the local price wouldn‘t increase when traders were able to resume rice exports to China, but consumers would have to wait and see.―There is still enough rice on the market for local consumption and the price is still stable,‖ he said.More than 1.3 million acres of paddy fields have been flooded in Burma, mainly in Kale,
Kanbalu and Monywa in Sagaing Division and the Myanmar Rice Federation predicted exports to be considerably down on last year.―Though we expected to export about 2 million tons of rice this year, we won‘t reach that [target]. Now we expect to export less than 1.5 million tons,‖ Soe Tun said.Figures from the Ministry of Commerce put total rice exports at more than 1.7 million tons in the 2014-2015 fiscal year, reaping nearly US$645 million. Exports were shipped to 64 countries including China and Japan, as well as other nations of ASEAN, Europe and Africa. Workers harvest rice on Aug. 24, 2015, at the Mississippi State University Delta Research and Extension Center in Stoneville, Mississippi. (Photo by MSU Delta Research and Extension Center/Bobby Golden) Image: rice farmer walks through a paddy field in a village near Patheingyi, Irrawaddy Division, last year. (Photo: JPaing / The Irrawaddy) Daily Global
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All About Rice News http://www.irrawaddy.org/business/rice-federation-forecasts-exports-to-resume-as-scheduled-inmid-september.html
Rice harvest underway, yields, acreage in question Posted by: MBJ Staff in Agribusiness, NEWS September 1, 2015
Paxton Fitts, left, and Whitney Smith take tissue samples of rice leaves on Aug. 26, 2015, in a field at the Mississippi State University Delta Research and Extension Center in Stoneville, Mississippi. (Photo by MSU Delta Research and Extension Center/Kenner Patton) STONEVILLE — Rice harvest has begun in Mississippi, but only time will tell how many acres were actually planted and how good yields will be.―There‘s not a lot of yield reports yet, but I think we‘re going to have a good crop,‖ said Bobby Golden, rice agronomist with the MSU Extension Service and researcher with the Mississippi Agricultural and Forestry Experiment Station. ―It probably won‘t be as good as last year, but we set records the last two years running.‖The U.S. Department of Agriculture reported on Aug. 23 that rice was 10 percent harvested. Good weather has continued to hold since then, allowing rice harvest to move quickly. USDA has estimated 80 percent of the crop is in good or excellent condition.The number of rice acres headed to harvest is unclear. USDA reports there are 175,000 acres of rice, but the Farm Service Agency has certified 142,000 acres. Golden estimated there are at least 160,000 acres.The crop had to overcome two challenges to get to harvest: early wet weather and high heat at key reproductive stages. ―Early in the season, we had a lot of wet, rainy weather that may have slowed things down,‖ Golden said. ―There were some specific pockets in the north Delta that were really wet, and this delayed the crop both in planting and in stand establishment early in the season.―Late in the season, a lot of our rice flowered when we were having excessive drought and a heat wave in late July and August,‖ he said. ―Those are the hurdles that will have the most impact on our yield this year.‖Rice had lighter pressure from disease this year compared with 2014, and stink bugs have been the biggest insect problem.―We had stink bug problems early, and with our rice crop later than usual, as we harvest grain sorghum, stinkbugs will migrate over to rice again in those very late-planted fields,‖ Golden said. ―Disease problems were a lot milder than last year. You‘re always going to have occurrences of sheath blight, rice blast and stem rot, but for the most part, the incidents were isolated in 2015.―There have been a few fields where leaf blast has progressed to neck blast, resulting in a considerable hit to yield,‖ he said.At this point in the season, tropical storm threats are the biggest concern rice growers have as their crops finish.―Significant wind or rain events could lodge rice and would influence harvest efficiency,‖ Golden said.Brian Williams, agricultural Daily Global
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All About Rice News economist with the MSU Extension Service, said rice prices have been trending up since early summer from under $10 per hundredweight to $11.65 per hundredweight on Aug. 21. These prices are still below the $13 per hundredweight paid during the last week of August 2014.―A big part of what is driving rice markets is global supply,‖ Williams said. ―While the USDA lowered global production in the most recent World Agricultural Supply and Demand Estimates, we are still expecting a record rice crop.‖ — By Bonnie Coblentz MSU Ag Communications http://msbusiness.com/2015/09/rice-harvest-underway-yields-acreage-in-question/
Arkansas Farm Bureau Daily Commodity Report A comprehensive daily commodity market report for Arkansas agricultural commodities with cash markets, futures and insightful analysis and commentary from Arkansas Farm Bureau commodity analysts.Noteworthy benchmark price levels of interest to farmers and ranchers, as well as long-term commodity market trends which are developing. Daily fundamental market influences and technical factors are noted and discussed. Soybeans High Low Cash Bids 908
878
New Crop 909
827
Riceland Foods Cash Bids Stuttgart: - - -
Pendleton: - - -
New Crop Stuttgart: - - -
Pendleton: - - -
Futures:
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Low
Last
Change
Sep '15 894.75
878.75
884.75
-12.75
Nov '15 886.75
868.50
874.00
-13.50
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Jan '16 891.25
873.25
878.75
-13.50
Mar '16 892.50
875.25
881.00
-12.75
May '16 895.75
878.50
884.00
-12.50
Jul '16 899.75
882.50
887.50
-12.75
Aug '16 891.00
882.50
887.00
-12.75
875.25
-12.75
870.25
-13.50
Sep '16 Nov '16 882.50
866.50
Arkansas Daily Grain Report FOB Memphis Elevator Crops Soybean Comment Soybean prices closed lower today as the market gave back most of its recent gains. Prices continue to be pressured by the downturn in the Chinese economy. While there has yet to be any data to show a slowdown in agricultural demand, the concern is that issues in the general economy will spread to agriculture. The good news for the market is that lower prices are likely to spur additional export sales which would provide some much needed support to prices.
Wheat High Low Cash Bids --
--
New Crop 490
388
Futures: Daily Global
High
Low
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Last Change
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Sep '15 488.50
481.00
484.00
+1.50
Dec '15 491.50
482.25
486.25
+1.25
Mar '16 496.75
487.50
491.00
+0.75
May '16 500.75
492.50
495.00
+0.75
Jul '16 503.75
496.50
498.00
0.00
Sep '16 510.75
505.25
506.75
+0.25
Dec '16 522.75
517.00
518.75
-0.75
Mar '17 533.00
533.00
528.00
-1.25
531.25
-1.25
May '17
Arkansas Daily Grain Report FOB Memphis Elevator Crops Wheat Comment Wheat prices actually managed to close slightly higher despite declines in other markets. This is fueling thoughts that wheat may have actually found a bottom after prices marched lower in recent weeks. While gains will be slow given the weak fundamentals of this market, any additional losses should also be minimal.
Grain Sorghum High Low Cash Bids 370
344
New Crop 370
300
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Arkansas Daily Grain Report FOB Memphis Elevator Crops
Corn High Low Cash Bids 364
335
New Crop 375
337
Futures:
High
Low
Sep '15 362.50
355.25
356.00
-7.75
Dec '15 374.50
367.50
369.00
-6.25
Mar '16 385.50
378.75
380.25
-6.00
May '16 391.75
385.25
387.00
-5.75
Jul '16 396.25
390.00
391.50
-5.75
Sep '16 390.50
384.50
386.00
-5.75
Dec '16 399.25
392.00
393.25
-6.25
Mar '17 406.75
404.75
403.50
-6.25
409.75
-6.25
May '17
Arkansas Daily Grain Report
Daily Global
Last Change
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FOB Memphis Elevator Crops Corn Comment Corn prices slipped again today as concerns over the slowdown in China combined with the improving expectations for this year‘s crop prove to be more than the market can handle. Old crop corn put in its lowest close since mid-June. As for new crop corn it continues to hold support at $3.68. If prices break this support tomorrow their next objective would be to retest contract lows near $3.57.
Cotton Futures:
High
Low
Last Change
Oct '15 63.73 63.36
63.58
-0.16
Dec '15 63.18 62.2
62.7
-0.3
Mar '16 62.74 61.8
62.13
-0.45
Memphis, TN Cotton and Tobacco Programs Cotton Comment Cotton futures were lower as bearish economic news continues to come out of China. Concerns about the Chinese economy continue to overshadow the smaller U.S. crop for now. December futures continued to retrace the gains charted in reaction to the monthly supply/demand report with the next support at the contract low of 61.20.
Rice High Low Long Grain Cash Bids - - -
---
Long Grain New Crop - - -
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Futures:
High
Low
Last Change
Sep '15 1184.0
1158.0
1159.5
-28.5
Nov '15 1214.5
1175.0
1186.5
-29.5
Jan '16 1242.0
1204.0
1216.0
-29.0
Mar '16 1260.5
1241.0
1242.0
-28.0
May '16 1279.5
1279.5
1266.5
-27.5
Jul '16
1285.0
-28.0
Sep '16
1193.5
-22.0
Rice Comment Rice futures retraced all of yesterday's gains and then some in today's sell-off. The market was unable to overcome weakness from outside markets as negative economic data continues to come out of China. Harvest pressure will certainly pick up as well. USDA says that 26% of the crop has been harvested. November found resistance at $12.25 yesterday, and support is the recent low of $11.43 1/2.
Cattle Futures: Live Cattle:
Daily Global
High
Low
Last
Change
Oct '15 142.825
140.600
140.950
-2.250
Dec '15 145.000
143.025
143.200
-2.225
Feb '16 144.750
142.850
142.900
-2.250
Rice E-Newletter 19
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Apr '16 143.300
141.500
141.600
-2.050
Jun '16 135.300
133.450
133.450
-2.125
Aug '16 133.250
131.725
131.725
-2.050
Oct '16 135.525
133.950
134.125
-1.975
Dec '16 136.225
134.875
135.200
-2.075
137.500
-0.950
Low
Last
Change
Sep '15 201.775
199.725
199.875
-1.950
Oct '15 197.225
194.950
195.100
-2.775
Nov '15 194.425
191.800
192.150
-3.000
Jan '16 188.825
185.625
185.900
-3.125
Mar '16 186.325
183.025
183.475
-3.125
Apr '16 186.250
183.700
183.825
-3.275
May '16 185.475
183.050
183.775
-3.225
Aug '16 184.500
184.250
184.250
-3.800
Feb '17
Feeders:
High
Arkansas Prices Ft. Smith Livestock Auction Heber Springs Livestock Auction Oklahoma City Oklahoma City - Feeder Cattle Auction Weighted Average Report Cattle Comment Cattle prices closed sharply lower today. Another round of turmoil in Asian markets combined with a strengthening dollar has the market worried about demand longer term. Pressure from Daily Global
Rice E-Newletter 20
All About Rice News outside forces have pushed prices back near contract lows and could push them even lower if fundamentals remain unchanged.
Hogs Futures:
High
Low
Last
Change
Oct '15 68.750
67.050
68.000
-0.025
Dec '15 64.025
62.550
63.100
-0.525
Feb '16 67.875
66.750
67.175
-0.325
Apr '16 71.600
70.525
71.200
+0.075
May '16 76.200
75.600
75.825
+0.100
Jun '16 79.950
79.025
79.450
-0.050
Jul '16 78.800
78.100
78.375
-0.125
Aug '16 77.575
76.950
77.225
-0.125
Oct '16 67.250
66.900
66.900
-0.050
http://www.arfb.com/ag-markets-statistics/report/
APEDA INDIA COMMODITY NEWS International Benchmark Price Price on: 28-08-2015 Product
Benchmark Indicators Name
Price
1
Turkish No. 2 whole pitted, CIF UK (USD/t)
5125
2
Turkish No. 4 whole pitted, CIF UK (USD/t)
4625
Apricots
Daily Global
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3
Turkish size 8, CIF UK (USD/t)
3625
1
Australian 5 Crown, CIF UK (USD/t)
2968
2
Iranian natural sultanas (Gouchan), CIF UK (USD/t)
2024
3
Turkish No 9 standard, FOB Izmir (USD/t)
2350
1
CZCE White Sugar Futures (USD/t)
786
2
Kenya Mumias white sugar, EXW (USD/t)
691
3
Pakistani refined sugar, EXW Akbari Mandi (USD/t)
600
Sultanas
White Sugar
Source:agra-net
For more info
Market Watch Commodity-wise, Market-wise Daily Price on 31-08-2015 Domestic Prices Product
Unit Price : Rs per Qty
Market Center
Variety
Min Price
Max Price
1
Jambusar (Gujarat)
Other
2600
3200
2
Bonai (Orissa)
Other
2200
2400
3
Vikasnagar (Uttrakhand)
Other
1939
1939
1
Dhing (Assam)
Other
1500
1800
2
Bonai (Orissa)
Other
1450
1600
Rice
Wheat
Daily Global
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3
Khatra (West Bengal)
Other
1400
1500
1
Aroor (Kerala)
Other
1800
2000
2
Solan (Himachal Pradesh)
Other
2500
3000
3
Batala (Punjab)
Other
2000
2400
1
Aroor (Kerala)
Other
2400
2400
2
Deogarh (Orissa)
Other
2000
3000
3
Dasuya (Punjab)
Other
1200
1500
Papaya
Cabbage
Source:agra-net
For more info
Egg
Rs per 100 No Price on 31-08-2015 Product
Market Center
Price
1
Pune
305
2
Nagapur
270
3
Hyderabad
295
Source: e2necc.com Unit Price : US$ per package
Other International Prices
Price on 31-08-2015 Product
Market Center
Daily Global
Origin
Variety
Rice E-Newletter 23
Low
High
All About Rice News
Potatoes
Package: 50 lb cartons
1
Atlanta
2
Baltimore
3
Detroit
Colorado
Russet
21
23.25
Canada
Russet
14
14
Idaho
Russet
18.50
20.50
Carrots
Package: 20 1-lb film bags
1
Atlanta
California
Baby Peeled
19
20.75
2
Dallas
Arizona
Baby Peeled
16.75
17
3
Detroit
California
Baby Peeled
17
17.50
Apples
Package: cartons tray pack
1
Atlanta
Washington
Red Delicious
23
24
2
Dallas
Washington
Red Delicious
21.50
23
3
Detroit
Washington
Red Delicious
25
27.50
Source:USDA
Summer Promotions Help U.S. Rice Dominate Turkish Imports ISTANBUL, TURKEY - U.S.-grown rice enjoyed a high profile summer in Turkey this year thanks to USA Rice promotional activities, with quite tangible benefits. Although domestic rice planting was up in Turkey this year, the U.S. still dominated imports. The first six months of 2015 saw 208,000 metric tons of rice enter Turkey, and the United States accounted for 34 percent of that with 71,500 metric tons, far outpacing the competition. The number two origin was India with only 35,600 metric tons.Over the course of the summer, USA Rice worked with Daily Global
Rice E-Newletter 24
All About Rice News media contacts throughout Turkey generating 62 articles and recipes featuring U.S.-grown rice in July alone. Almost 2.4 million Turkish consumers were reached.USA Rice also continued instore promotions in the market, with 16 demonstrations at two hypermarkets here, reaching more than 10,000 consumers. Contact: Eszter Somogyi 011-49-40-4503-8660
Vietnam Food Association Visits USA Rice Vietnamese Delegation Betsy Ward (center) and Bob Cummings (far right) with leadership members of the Vietnam Food Association ARLINGTON, VA-- A 10-person delegation from the Vietnam Food Association (VNA) completed a U.S. tour today with a visit to USA Rice's headquarters. The delegation, led by President Huynh The Nang and Secretary General Huynh Minh Hue, provided an overview of Vietnam's rice production and trade as well as challenges and opportunities facing Vietnam's rice sector over the next five years. Vietnam is one of the world's largest rice producers and exporters, and the third largest supplier of U.S. imports. Bob Cummings, USA Rice COO and Jim Guinn, Vice President of International Promotion, explained the structure, role and major program activities of USA Rice and sought clarification about Vietnam's domestic rice support program. "Meetings like today's are important to building relationships with other global traders in rice," said USA Rice President and CEO Betsy Ward who also attended the meeting. "But we have longstanding concerns about Vietnam's compliance with its international trade obligations, and we will continue to press our government to hold Vietnam and other rice producing and exporting countries accountable to their trade obligations." Contact: Bob Cummings (703) 236-1473
CME Group/Closing Rough Rice Futures CME Group (Prelim): Closing Rough Rice Futures for September 1 Daily Global
Rice E-Newletter 25
All About Rice News
Month
Price
Net Change
September 2015
$11.595
- $0.285
November 2015
$11.865
- $0.295
January 2016
$12.160
- $0.290
March 2016
$12.420
- $0.280
May 2016
$12.665
- $0.275
July 2016
$12.850
- $0.280
September 2016
$11.935
- $0.220
P.F. Chang’s Launches Ricegivingsm Program to Feed Hungry Families Partners with America’s rice farmers to donate rice to Feeding America August 31, 2015 03:22 PM Eastern Daylight Time
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--In honor of National Rice Month in September, P.F. Chang‘s is partnering with America‘s rice farmers to launch Ricegivingsm, an inaugural campaign designed to serve those in need and help fight hunger. P.F. Chang‘s has teamed with America‘s rice farmers to donate a bowl of rice for every main entrée purchased in the month of September. The goal of the program is to donate 100,000 pounds of rice to Feeding America, which will help feed 1MM people in need. P.F. Chang‘s guests are invited to grab their chopsticks and join the cause. ―We are thrilled to partner with P.F. Chang‘s in the cause to fight hunger in this country‖ ―We are honored to invite our guests to join in this important cause by dining to donate,‖ said Michael Osanloo, Chief Executive Officer of P.F. Chang‘s. ―Thanks to our loyal customers, we will be able to help put food on the table for many American families.‖According to Feeding America, more than one in six people in the U.S. struggles with hunger every day. icegivingsm is Daily Global
Rice E-Newletter 26
All About Rice News another way organizations are coming together to fight this reality and partner to end hunger, and it‘s an opportunity for P.F. Chang‘s restaurants to make an impact in their local communities. Promoted annually by the U.S. rice industry, National Rice Month is a time to celebrate the harvest of the small, but mighty grain that has influenced American meals and traditions for more than 300 years. This year commemorates the 25thanniversary of National Rice Month and is the first time the event has had a national restaurant sponsor. The partnership is a natural fit for P.F. Chang‘s because 100 percent of its rice is grown in the U.S. In addition to sourcing locally grown rice, P.F. Chang‘s is committed to serving sustainable, non-GMO, and gluten-free rice in all 210 locations. ―We are thrilled to partner with P.F. Chang‘s in the cause to fight hunger in this country,‖ said Betsy Ward, President and CEO of USA Rice. ―Like us, the restaurant has a longstanding commitment to serving quality rice, supporting American farmers, and giving back to the communities we serve.‖As the global advocate for the U.S. rice industry, USA Rice supports American farmers and conducts programs to inform people about domestically grown rice. The U.S. rice industry provides 125,000 jobs and produces 9 million tons of rice each year, all of which is gluten and GMO free. About P.F. Chang’s P.F. Chang‘s features a blend of high-quality, Asian-inspired cuisine and American hospitality in a sophisticated, contemporary bistro setting. The company owns and operates 210 domestic P.F. Chang‘s restaurants in 39 states. For more information on P.F. Chang‘s, please visit pfchangs.com, and follow us on Facebook, Twitter @PFChangs and Instagram. About USA Rice USA Rice is the global advocate for the U.S. rice industry, conducting programs to inform people about domestically grown rice. U.S. farmers produce an abundance of short, medium and long grain rice, as well as organic and specialty rice including jasmine, basmati, Arborio, red aromatic and black japonica, among others. For more information, visit www.USARice.com. Contacts for P.F. Chang‘s Investor Contact: Allison Schulder, 480-888-3000 Allison.Schulder@pfcb.com or Media Contact: Abra Williams, 612-455-7489 aawilliams@olson.com http://www.businesswire.com/news/home/20150831006126/en/P.F.-Chang%E2%80%99s-Launches-RicegivingsmProgram-FeedHungry#.VeWNSflViko?utm_source=USA+Rice+Daily%2C+September+1%2C+2015&utm_campaign=Friday%2 C+December+13%2C+2013&utm_medium=email
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Rice E-Newletter 27