Daily Global, Regional & Local Rice E-Newsletter January 29,2016 Vol 6 Issue I
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Daily Global, Regional & Local Rice E-Newsletter
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Pakistan. TCP scraps rice procurement tender Export prices of Thai rice the lowest in ten years Ghodawat Agro expands floriculture portfolio Aromatic rice cultivation brings more profits than other varieties Rice industry meetings scheduled for Louisiana, Arkansas The future of rice farming in Japan S. Korea to export rice to China for first time in Feb. Rice mills shutting down as drought grips North, Northeast Tackling poor rice yields By editoron 2016-01-29Thailand Export prices of Thai rice the lowest in ten years Rice Prices APEDA RICE COMMODITY NEWS Arkansas Farm Bureau Daily Commodity Report Magazine Highlights USA Rice as Resource for Foodservice Professionals Riverina mayors call for water policy rethink after SunRice slashes jobs
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
News Detail...
Dr.Malik Mohammad Hashim
Pakistan. TCP scraps rice procurement tender
Assistant Professor, Gomal University DIK
29.01.2016
Assistant Director, Agriculture KPK
Trading Corporation of Pakistan (TCP) scrapped rice procurement tender, as the quoted prices were significantly higher than the prevailing local prices. Following the directives of the federal government, TCP invited bids for purchase of 15,000 tons of Long Grain White Rice (IRRI-6) for "Benin" as gift from people of Pakistan. Some seven bidders submitted their bids price ranging Rs 46,770 per metric ton to Rs 48,000 per metric tons for the supply of IRRI-6 rice. Out of seven bids, one bid found nonresponsive as its bid security was short.Later, a meeting of the TCP''s Tender Award Committee was held on January 25, 2016 at TCP office to consider the received bids. The representative of Transparency International Pakistan and Rice Exporters Association of Pakistan (REAP) and Federation Pakistan Chamber of Commerce and Industry were also invited as observers to
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
witness the proceedings of Tender Award Committee. 2|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
Daily Global, Regional & Local Rice E-Newsletter However, the representative of REAP did not attend the meeting.The Tender Award Committee noted that as per the Bid Evaluation Report the lowest responsive bidder is M/s. Meskay & Famtee Private Limited as it has quoted the price of Rs 46,770/- per metric ton on Cost Insurance and Freight basis. The Committee noted that the prices of Long Grain White Rice IRRI-6 (5 percent broken) have shown an upward trend over the last one month, especially during the last few days and the demand emanating from China has resulted in hike in prices of Rice in the local market.However, it also observed that notwithstanding the recent upsurge in the prices of IRRI-6 Rice, the lowest bid of Rs 46,770/- per metric ton on CIF basis was significantly higher than the prevailing market prices of approximately 340 to 345 dollar per metric ton on FOB basis.
The Tender Award committee observed that since the price quoted by the lowest evaluated bidder was not economical and was significantly higher than the prevailing local prices. Therefore, accepting the bid would not be in the interest of the government. The Committee, therefore, decided to scrap the tender. Meanwhile, the TCP has invited fresh sealed bids (under Public Procurement Rules, 2004) from companies/ partnership/ sole proprieties dealing in export of rice for purchase of 15,000 tons long grain white rice (IRRI-6) on Cost and Free on Board (C&FoB) basis upto the port of Cotonou, Benin, packed in polypropylene (PP) woven bags as per provided specification. The fresh tender will be opened on February 3, 2016. As per tender documents, a party can submit a bid for minimum quantity of 7,500 tons or multiple therefore with maximum quantity of 15,000 tons. brecorder
http://www.blackseagrain.net/novosti/pakistan-tcp-scraps-rice-procurement-tender
Export prices of Thai rice the lowest in ten years BY EDITORON 2016-01-29THAILAND
Export prices of Thai rice the lowest in ten years
BANGKOK: — Global economic slowdown combined with huge rice stocks and substantial oil price drop which has sapped the purchasing power of Thailand’s main rice buyers have driven the export price of Thai rice to the lowest in ten years. Mr Charoen Laothammathat, president of Thai Rice Exporters Association, disclosed on Thursday that 5% white rice now fetches between US$ 350-390 FOB per tonne which are the lowest in ten years. The FOB export prices of Hom Mali fragrant rice and parboiled rice are quoted at US$700-720/tonne and US$350/tonne respectively. These have driven down the domestic prices of paddy to 8,000 baht/tonne and 12,000 baht/tonne for Hom Mali paddy, said Mr Charoen.The association president said he hoped the current export prices of Thai rice had hit rock-bottom and would rebound because of drought which is expected to sutstantialy cut rice yields this year. 3|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
Daily Global, Regional & Local Rice E-Newsletter
He expected the rice market situation would return to normal once the government manages to off-load 4-5 million tonnes of rice in the stockpile this year and another five million tonnes next year.Thailand ranks the world’s second rice exporter last year with 9.8 million tonnes of rice exported compared to Number One exporter, India’s 10.2 million tonnes. The country is expected to export nine million tonnes of rice this year. Source: http://englishnews.thaipbs.or.th/content/148641 http://news.thaivisa.com/thailand/export-prices-of-thai-rice-the-lowest-in-ten-years/129916/
Ghodawat Agro expands floriculture portfolio Hrishikesh Joshi | Pune January 29, 2016 Last Updated at 15:36 IST Muted sales growth for FMCG firmsOn an earnings perspective market attractive for next 12-24 months: Sanjay DongreFMCG firms can use digital in three waysIs FMCG growth story tapering?Focus will be on provider & payer segments: Sanjay Kalra & Mahesh Nagaraj Kolhapur-based Ghodawat Agro, part of Sanjay GhodawatGroup, has major expansion plans. Ghodawat Agro currently supplies three lakh stems of flowers every day. Agro business also offers herb and exotic vegetable portfolio that 4|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
Daily Global, Regional & Local Rice E-Newsletter includes Chinese cabbage, iceberg lettuce, tarragon, ginger, chives and oregano. Shrenik Ghodawat, director, Sanjay Ghodawat Group said, "We are consolidating the agribusiness in terms of land bank. Initially we were focused doing projects only in Mahrashtra. Now, we have started looking outside Maharashtra to expand our footprint. Because of different climatic conditions in different states, we can grow more flowers. We have acquired 100 acres of land in Goa and will add another 100 acres in Goa again." The company plans to to build one of the largest orchid farms in the world. India imports of orchid include Rs 250 crore every year. There is 30% duty on orchid."We would like to make India self sufficient in terms of orchid production. Along with orchid, there are other followers which are prawn to humid cliematic conditions. Goa is the ideal place to grow orchid farms due to highest humidity areas for orchid. We are currently 200 acres in terms of green houses. The idea is to add another 200 acres in the next 12 to 18 months," Ghodawat added. Out of the total production of 3 lakh flowers, it exports 15% to markets like UK, Japan, Holland, Germany Australia and Greece. However, it is now eying fastest growing India market.According to Shrenik, Indian consumers are now so much pron to flowers and it has became a symbol of expression. Europe alone consumes 70% of the world's total production of flowers.He said, "India has a huge market potential for flowers and fillers for decoration purposes. We are also putting a small step in horticulture area. Within 48 hours of harvesting our flowers are available in any part of the world. Rose is the selling flower in the world and contributes 70% of total flower varities. We are projecting revenue of Rs 100 crore for this year. However, We are not revenue hungry for agro business but want to be a profitable company. We will grow those flowers which give more revenue per acre like orchid, carnation and gypsophila." Additionally, it has developed 60 acres of ginger farm and some exotic herbs and vegetables near Kolhapur. India's floriculture industry has crossed Rs 9,000 core mark. Plus, rising demand from tier II and III cities apart from urban centres is likely to spur demand for roses and other flowers. Recently the group has forayed into businesses like FMCG and snack food. It is relying heavily on FMCG business and expects it to contribute around 40% of the total revenue. Its FMCG business has exponentially grown from Rs 40 lakh to Rs 5 crore in the last one year. The group is also foraying in to rice production business by setting up a rice mill with investment of Rs 75 crore.It will produce branded non-Basmati and Basmati rice as well with the capacity of 8 tonns of rice per hour. The group turnover last fiscal was Rs 1,500 crore and expects to increase the top line up to Rs 6,000 by 2020. It is also looking at expanding its business network in the states like
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Daily Global, Regional & Local Rice E-Newsletter Karnataka,
Goa,
Chhattisgarh,
Andhra
Pradesh
and
Telangana.
Aromatic rice cultivation brings more profits than other varieties RANGPUR: Expanded cultivation of the highly environment-adaptive indigenous aromatic rice varieties could save those from extinction and bring more profits to the farmers than other rice varieties. Agriculture experts expressed the opinion at a result-sharing workshop styled 'Yield Performance of Five Local Aromatic Rice Cultivars' organised by RDRS Bangladesh, a reputed NGO, at its Training Centre here on Wednesday, according to a BSS report. The NGO organised an aroma test followed by the workshop to disclose cultivation results of five selected indigenous aromatic rice varieties of 'Kalijira', 'Kataribhog', 'Jirakatari', 'Chinigura' and 'Ijon' at its Mathona Farm here. Rangpur Regional Acting Additional Director of the Department of Agriculture Extension (DAE) SM Ashraf Ali attended the workshop as the chief guest with Head of Rangpur Regional Station of Bangladesh Rice Research Institute and its Principal Scientific Officer Dr Shahidul Islam in chair. Principal Scientific Officer of the On-farm Research Division at Rangpur Regional Station of Bangladesh Agriculture Research Institute Dr Mazharul Anwar, former Deputy Director of the DAE Ali Azam, Betar Farm Broadcasting Officer of Rangpur Regional Agriculture Information Service Abu Sayem, Head of Micro-finance Programme of RDRS Bangladesh 6|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
Daily Global, Regional & Local Rice E-Newsletter Humayun Khaled and its Head of Human Resources Sabrina Shamshad addressed as the special guests. Agriculture and Environment Coordinator of RDRS Bangladesh Mamunur Rashid delivered keynote presentation on the research work titled "Yield Performance of Five Local Aromatic Rice Cultivars". He said the filed level experimental cultivation of the selected aromatic rice varieties was conducted adopting scientific ways at Manthona Farm during the just ended Aman season from July to December in 2015. The main objective of this study was to explore the yielding ability of the selected five local aromatic rice cultivars with a view to select high yielding varieties with strong aroma for promotion of their cultivation in northwestern Bangladesh. "Among the cultivated rice varieties, the highest grain yield rate of 3.5 tonne per hectare was obtained from 'Ijon' followed by 3.4 tonne form 'Kataribhog', 3.3 tonne from 'Jirakatari', 3.15 tonne from 'Chinigura' and 3 tonne per hectare from 'Kalijira'," he said. In this regard, a crop cutting ceremony was arranged in presence of Dr. Shahidul Islam on November 29 last at Manthona Farm with participation of 29 farmers and 11 agricultural scientists and extension workers.
"After the crop cutting ceremony, the participants ranked 'Jirakatari' with top marks followed by 'Kataribhog', 'Kalijira', 'Chinigura' and 'Ijon' respectively," Mamunur Rashid added. The experts said aromatic rice varieties are rated best in quality and fetch much higher price in both national and international markets having long been popular in the orient and are now becoming more popular in Middle East, Europe and the United States. Ali Azam said aromatic rice cultivars in Bangladesh are of traditional types, photo periodsensitive and are grown during the Aman season in the rain-fed low land ecosystem surviving for time immemorial as the most adaptive to the environment.
"The yield of aromatic rice is low between 1.5 to 2 tonne in term of clean rice per hectare but its high price and low cultivation cost generate higher profit margins for farmers compared to other rice cultivars," he added. Predicting brighter prospect for expanded cultivation of indigenous aromatic rice varieties, the chief guest said these cultivars might play vital role as parent varieties in developing high yielding aromatic rice to bring more profits to the farmers.-Asfar
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Daily Global, Regional & Local Rice E-Newsletter RANGPUR: Expanded cultivation of the highly environment-adaptive indigenous aromatic rice varieties could save those from extinction and bring more profits to the farmers than other rice varieties. Agriculture experts expressed the opinion at a result-sharing workshop styled 'Yield Performance of Five Local Aromatic Rice Cultivars' organised by RDRS Bangladesh, a reputed NGO, at its Training Centre here on Wednesday, according to a BSS report. NGO organised an aroma test followed by the workshop to disclose cultivation results of five selected indigenous aromatic rice varieties of 'Kalijira', 'Kataribhog', 'Jirakatari', 'Chinigura' and 'Ijon' at its Mathona Farm here. Rangpur Regional Acting Additional Director of the Department of Agriculture Extension (DAE) SM Ashraf Ali attended the workshop as the chief guest with Head of Rangpur Regional Station of Bangladesh Rice Research Institute and its Principal Scientific Officer Dr Shahidul Islam in chair. Principal Scientific Officer of the On-farm Research Division at Rangpur Regional Station of Bangladesh Agriculture Research Institute Dr Mazharul Anwar, former Deputy Director of the DAE Ali Azam, Betar Farm Broadcasting Officer of Rangpur Regional Agriculture Information Service Abu Sayem, Head of Microfinance Programme of RDRS Bangladesh Humayun Khaled and its Head of Human Resources Sabrina Shamshad addressed as the special guests.
Agriculture and Environment Coordinator of RDRS Bangladesh Mamunur Rashid delivered keynote presentation on the research work titled "Yield Performance of Five Local Aromatic Rice Cultivars". He said the filed level experimental cultivation of the selected aromatic rice varieties was conducted adopting scientific ways at Manthona Farm during the just ended Aman season from July to December in 2015. The main objective of this study was to explore the yielding ability of the selected five local aromatic rice cultivars with a view to select high yielding varieties with strong aroma for promotion of their cultivation in northwestern Bangladesh. "Among the cultivated rice varieties, the highest grain yield rate of 3.5 tonne per hectare was obtained from 'Ijon' followed by 3.4 tonne form 'Kataribhog', 3.3 tonne from 'Jirakatari', 3.15 tonne from 'Chinigura' and 3 tonne per hectare from 'Kalijira'," he said. In this regard, a crop cutting ceremony was arranged in presence of Dr. Shahidul Islam on November 29 last at Manthona Farm with participation of 29 farmers and 11 agricultural scientists and extension workers. "After the crop cutting ceremony, the participants ranked 'Jirakatari' with top marks followed by 'Kataribhog', 'Kalijira', 'Chinigura' and 'Ijon' respectively," Mamunur Rashid added. The experts said aromatic rice varieties are rated best in quality and fetch much higher price in both national and international markets having long been popular in the orient and are now becoming more popular in Middle East, Europe and the United States. Ali Azam said aromatic rice cultivars in Bangladesh are of traditional types, photo period-sensitive and are grown during the Aman season in the rain-fed low land ecosystem surviving for time immemorial as the most adaptive to the environment. "The yield of aromatic rice is low between 1.5 to 2 tonne in term of clean rice per hectare but its high price and low cultivation cost generate higher profit margins for farmers compared to other rice cultivars," he added. Predicting brighter prospect for expanded cultivation of indigenous aromatic rice varieties, the chief guest said these cultivars might play vital role as parent varieties in developing high yielding aromatic rice to bring more profits to the farmers.-Asfar 8|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
Daily Global, Regional & Local Rice E-Newsletter
Rice industry meetings scheduled for Louisiana, Arkansas The annual joint membership meeting of the Louisiana Rice Council and the Louisiana Rice Growers Association will be held Tuesday, Feb. 2, at the Grand Marais Center, located at 919 North Lake Arthur Avenue in Jennings, Louisiana. A trade show and reception will begin at 4 p.m. and program presentations begin at 5:45 p.m. Dinner will be served. By Randy Jemison USA Rice Federation Posted Jan. 28, 2016 at 12:39 PM JENNINGS, LOUISIANA — Rice industry stakeholders will receive the latest information on opportunities and challenges in major markets at several meetings scheduled next week throughout Louisiana and Arkansas.The annual joint membership meeting of the Louisiana Rice Council and the Louisiana Rice Growers Association will be held Tuesday, Feb. 2, at the Grand Marais Center, located at 919 North Lake Arthur Avenue in Jennings, Louisiana. A trade show and reception will begin at 4 p.m. and program presentations begin at 5:45 p.m. Dinner will be served.Concurrently on Feb. 2, the Northeast Louisiana Rice Growers Association will hold their annual rice forum at 9 a.m. at the Rayville Civic Center in Rayville, Louisiana. Peter Bachmann, USA Rice manager of government affairs, will provide a legislative and USDA update. In addition to reports on major Louisiana rice export markets, USA Rice staff will highlight activities in the international and domestic markets, and government affairs issues impacting the industry. On Wednesday, Feb. 3, the Central Louisiana Rice Growers Association will hold their annual membership meeting at 11 a.m. at the Rapides Parish Extension Office Conference Center on the Dean Lee Experiment Station, located at 8105 Tom Bowman Road, Alexandria, Louisiana. USA Rice staff will repeat their reports and lunch will be served. For more information contact Phillip Lamartiniere by calling (318) 201-1132, or Randy Jemison at (337) 515-7250.On Thursday, Feb. 4, USA Rice staff will give presentations at a meeting for the Northeast Louisiana/Southeast Arkansas area at 10 a.m. at the Delta Men's Club, located at 1127 Highway 65 South in Eudora, Arkansas. William Cole, Jr. also will be on-hand to talk about crop insurance options for rice farmers. Lunch will be served. For more information contact Ron Miller by calling (870) 473-2281, or Randy Jemison.And finally, on Friday, Feb. 5, the Arkansas Rice Council and Arkansas Rice Farmers will hold their annual meeting and trade show at the ASU Convocation Center in Jonesboro beginning at 9 a.m. U.S. Congressman Rick Crawford, Arkansas Agriculture Secretary Wes Ward and USA Rice President and CEO Betsy Ward will headline the program, which will focus on research 9|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
Daily Global, Regional & Local Rice E-Newsletter developments and policies affecting the rice industry. For more information contact Lauren Waldrip by calling (870) 295-8454. http://www.stuttgartdailyleader.com/news/20160128/rice-industry-meetings-scheduled-for-louisianaarkansas
The future of rice farming in Japan BY GIANNI SIMONE
SPECIAL TO THE JAPAN TIMESJAN 29, 2016
Rice has been at the center of Japan’s economy and culture for centuries. But changes are afoot. There is growing concern among Japanese farmers that the country’s rice-producing capabilities are diminishing in the face of international trade pacts such as the Trans-Pacific Partnership. In fact, all local agriculture is in the spotlight as pressure mounts to increase local imports of overseas produce. Setsuko Yasuda has been following this situation closely. She heads the Japan Organic Agriculture Association and the Vision 21 information center, which monitors the government’s policies on agriculture and food safety, among other things. In a recent interview she addressed these concerns and explained how rice consumption and production in Japan is changing. 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 What do you think about the current state of rice farming in Japan? The government is not doing enough to protect national rice production. This is very troubling because rice has not only been our staple diet, it has been at the heart of Japanese life and culture. Collaboration and sharing, for example, are very important in Japanese society, and the origin of this can be found in the way rice is produced on a communal level. Also, up to the second half of the 19th century, economic wealth was calculated in rice. In other words, Japan’s society, culture and economy have been built around rice. If we throw away all the hard work our ancestors have done we are going to destroy both the environment and our food culture. That’s why I think the government’s current agricultural policy is a recipe for disaster. How is the government’s attitude toward farmers changing? Until 1995 the government used to buy all the rice produced in Japan before selling it at a relatively high price (agreed upon with the agricultural cooperatives) in order to sustain the farmers. At the same time, rice imports were banned. Since the end of the 1980s, the United States pressured the (Japanese) government to lift the ban on importing foreign rice, and now the same thing is being debated in connection with the TransPacific Partnership (TPP). What do you find the most troubling about the recent trade developments? The way the United States is trying to force Japan to accept rice imports just because the U.S. has a surplus of rice — it has nothing to do with Japan’s food needs. In 1960, the average annual consumption (of rice) was 118 kilograms per person. Now it’s 61 kilograms — we consume about half the rice we used to eat 50 years ago. Why isn’t rice as popular as it used to be? After World War II, Japan imported many new ideas from America. One of them was that a bread-based diet was better for our health. At that time, it was advertised widely that eating rice made you stupid (laughs). So for many years the Japanese Government provided only bread for school lunches. In Japanese homes, many people now eat bread or pasta at least once a day and we eat a lot of meat. And most meat and wheat — together with other products such as soy beans and corn — are imported mainly from the U.S. As a result, Japan’s food self-sufficiency has gone down from 80 percent in 1960 to only 39 percent in 2006. How does the TPP threaten Japanese agriculture and rice production in particular? It would have a disastrous effect, as 90 percent of (Japan’s) national rice production would be wiped away by a total liberalization of the rice trade. Another thing that worries me are the big American biotechnology companies, such as Monsanto. To prevent the reconsolidation of farmland after the war, the government decided that only the people who did actual farming — as in small-scale farmers — could own land. That prevented joint-stock companies from gaining control of the land and was a good thing because big companies only think about the bottom line — when times are bad they can easily switch to more lucrative productions. I worry that, in the not-so-distant future, big businesses will gradually take control of Japanese agriculture, only pursuing their own interests at the expense of local people. Considering the depopulation of rural areas, the old age of farmers and increasing production costs, would it be better to import cheap rice from other countries? Maybe for a tiny country like Singapore it makes sense, but Japan still has more than 100 million people. Is it really safe to trust international free trade when our food self-sufficiency is at risk? What effect do agrochemicals have on rice grown in Japan? 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 This is a sore point because Japan is the world’s No. 1 country in terms of chemicals used in agriculture. According to a 2004 OECD survey, Japanese farmers use almost 16 kg of chemicals per hectare while U.S. farmers only use 2 kg. However, if we analyze the final product — rice itself — we find more traces of chemicals in American rice than in Japanese rice. The reason is that the 1995 Sanitary and Phytosanitary Measures Agreement (SPS) on food safety allows each member country to set its own safety standards and lets American farmers use more pesticides and insecticides after harvesting the rice. These chemicals stick to the grains and don’t go away. Does that mean we shouldn’t worry too much about chemicals in Japanese rice? Well, actually there’s a big problem right now with neonicotinoids, a new class of neuro-active insecticides that have been linked to the widespread disappearance of bees. In 2013, the European Union and a few non-EU countries restricted the use of certain neonicotinoids. In Japan, where these insecticides are widely used against shield bugs, the government is doing nothing. The agrochemical lobby is very influential here. The number of Japanese farm households has declined in recent decades. How could the government create interest in agriculture among young people? The main problem are all those complicated laws and regulations that often discourage people from even trying out this kind of business. Recently, for example, there’s a growing demand for organically farmed produce, but just to reconvert the land to the organic method takes about three years. Under these circumstances the government should support young enterprising farmers through long-term rental contracts and some sort of financial aid. These people need to know they are not being left alone in their battle to preserve our agricultural heritage. http://www.japantimes.co.jp/life/2016/01/29/food/the-future-of-rice-farming-injapan/#.VqyJhrJ94dV
S. Korea to export rice to China for first time in Feb. 2016/01/29 11:35 SEJONG, Jan. 29 (Yonhap) -- South Korea plans to export rice to China for the first time in February after both sides agreed on a set of quarantine requirements last year, the farm ministry said Friday.According to the ministry, 30 tons of rice will be loaded onto containers at Gunsan port on the west coast later Friday, which will leave in early February and arrive in Shanghai in mid-February for customs procedures.After clearing Chinese customs, the Korean rice will be marketed at 69 outlets of the Shanghai Lotte Market. The ministry plans to hold promotional events between late February and early March. The ministry said it plans to ship an additional 70 tons of rice to China in the middle of next month through Korea's Daewoo International Corp. and the China National Cereals, Oils and Foodstuffs Corp.The rice exports come seven years after South Korea first requested that China allow them. Exports had been blocked by China's tough quarantine requirements, but Seoul and Beijing agreed on new terms following the South Korea-China summit talks in October last year.The ministry said South Korea hopes to export a total of 2,000 tons of rice this year.Agriculture Minister Lee Dong-phil said entering the Chinese market will be an opportunity for Korea's rice exports amid continued imbalance in supply and demand of the key staple grain.The growing excess of rice has been one of the government's urgent tasks to resolve. The 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 government aims to seek a balance between the supply and demand of rice by 2018 through gradual reduction in the area of rice paddies and expansion of domestic consumption and exports. According to the ministry's plan, the area of rice paddies should decline from 799,000 hectares this year to 711,000 hectares in 2018, a significantly smaller area than the expected 749,000 hectares of paddies that would be in service if no action is taken.According to government data released Friday, South Korea's per capita rice consumption fell 3.4 percent on-year to a record low of 62.9 kilograms last year as people added other types of grain products to their diet. http://english.yonhapnews.co.kr/news/2016/01/29/0200000000AEN20160129004000320.html http://www.nationmultimedia.com/national/Rice-mills-shutting-down-as-drought-grips-North-No30278029.html
Rice mills shutting down as drought grips North, Northeast PRASERT TANGPRASERT BOONPIM BAIYA THE NATION January 29, 2016 1:00 am
THREE STEPS have been implemented to tackle worsening drought in the northeastern province 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 of Nakhon Ratchasima, where 10 districts encompassing 57,400 households have been declared drought disaster zones, provincial disaster prevention and mitigation chief Suthep Reunthawil said yesterday.The three steps are pumping water from sources to maintain levels in tap-water reservoirs - so far 32 million cubic metres has been pumped; digging groundwater wells; and dispatching 133 trucks to distribute water in local communities. The 10 drought-hit districts are Kham Sakae Saeng, Khong, Bua Lai, Kaeng Sanam Nang, Non Thai, Dan Khun Thot, Non Sung, Theparak, Phra Thongkham and Bua Yai. Water levels at three of the province's five major dams are below 50-per-cent capacity. Lam Takong Dam is at 33 per cent capacity (96 million cubic metres), Lam Moon Bon at 30 per cent (40 million), and Lum Sae Dam 32 per cent (84 million). Lam Plai Mat Dam is faring little better, at 52 per cent capacity, or 46 million cubic metres. Drought is also affecting the North, where many rice mills in Uttaradit province have temporarily shut down, as farmers can no longer grow crops, Uttaradit Rice Mills Association president Reungsak Tia-eiumdee said. Twelve large rice mills have been hit by a shortage of unhusked rice to feed their machines, he said. The drought has forced many rice farmers to halt operations, while others have shifted to cultivating alternative crops. Mill operators have shuttered their businesses after being unable to pay production costs such as machinery maintenance, daily wages and long-term debts. Uttaradit traditionally cultivates 600,000 rai of rainy-season rice and 400,000 rai of summer rice, yielding a total of at least 500,000 tonnes per year. But that figure shrank to 200,000 tonnes last year, which resulted in the temporary closure of seven mills, Reungsak said.If this drought lasted until the rainy season, he added, Uttaradit would have only two privately run rice mills left operating. Reungsak warned that unless the government provided emergency aid in the form of low-interest loans or extension of loan repayments, they would permanently close. Chalit Thanawat, whose family has operated Chok Thanawat Rice Mill in Tron district for 40 years, said that last year the mill was forced to cut workers' hours by half because of a shortage of rice supplies in both growing seasons.
Tackling poor rice yields Posted By: DANIEL ESSIETon: January 29, 2016In: AgricultureNo Comments A rice farmer at work in Benue State Lack of quality rice planting materials is responsible for poor yields. Stakeholders are canvassing supply of high quality crop planting materials to small-scale farmers for maximum yields, DANIEL ESSIET reports.For a rice farmer in Lagos State, Abdul Ghaniyu Alabi Ojolowo, accessibility to high quality rice is the key to achieving better food security and escaping poverty.This, however, depends on several factors, including good seeds. For most of the farmers, birds eat some of the crops, leading to losses sometimes. Others lack proper drying facilities, which force them to dry the rice on bare ground, which contaminate it with stones. This lowers the quality of the rice.The cost of pesticides they use to spray the rice to control 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 diseases, such as wilt is expensive. The other reason farmers are not making headway in yields is that they don’t have access to high yielding varieties for planting.
A trained accountant, Ojolowo, who went into rice farming after quitting his job with a private firm, maintained that although the business is well-paying; there are a number of challenges. When he decided to take on the venture, he got some basic lessons in rice growing and relied on the advice of elders in the business. Later on, he got in touch with Lagos State Rice for Job project and was exposed to modern rice cultivation practices.As far as rice is concerned, Ojolowo noted that no one could expect domestically grown rice to be competitive. He has confirmed this from his experience. A certain portion of the population prefers imported rice than buying domestically grown rice. But for the Deputy Managing Director, Kewalram Chanrai Group and Director, Spring Field Agro Limited, Mr Victor Eburajolo, farmers can only boost their livelihoods by exploiting agronomical practices that improve their yields using improved seeds, pesticides and fungicides. He believes rice production can pull a lot of Nigerians out of hunger because 60 per cent of the nation’s arable land is good for farming. While local production has been on the decline, Eburajolo wouldn’t want rice importation to continue under any guise and so canvasses national efforts to equip and empower local farmers. To this end, he is in support of the government boosting local rice production and reducing imports of the commodity. This attitude, he noted, is motivating the private sector to embark on aggressive and sustained interventions to make Nigeria a food basket, thereby reducing rice importation. For him, 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 governments and private investors’ partnership should enrich rice farmers to deliver good produce. However, Eburajolo contended that farmers can only boost their yields by planting high-quality hybrid seeds, and using the recommended amount of fertiliser. Currently, the average rice yield nationwide stands at about three tonnes per hectare, which is far lower than the international average of six tonnes per hectare. This is attributed to low hybrid seed uptake amongst the smallholder farmers. Part of the blame goes to poor access to quality certified hybrid seed by small-holder farmers. To bridge this gap, Eburajolo said his organisation is partnering with RiceCo, a subsidiary of United Phosphorus Limited of the United States to produce rice dedicated fertiliser and rice hybrid seed as a way of boosting food productivity in the country. He said RiceCo was founded to meet the specific technology needs of rice farmers, stating that his company is encouraged to go into rice production by the government’s pledge to create an enabling environment for agriculture to be transformed into a viable business. International Operations Director, RiceCo, Pinky Ghosh, expressed concern that farmers are not making enough money from rice cultivation. This is as a result of not using quality seeds and farm inputs. As part of the benefits of the partnership, Ghosh said her organisation will work with Spring Field Agro Limited to enable smallholder farmers’plant hybrid rice seeds and good management practices to boost yields per hectare. According to her, an improved quality of rice is the key to bigger farm incomes and taking the crop to new and more profitable markets. For years now, she said her organisation has been producing hybrid rice seed and dedicated fertilisers for use by local communities. Experience, she added, has shown that a little capacity building can change the situation within a very short period. In addition, she said farmers need advice on modern farm technologies that will help to expand the production cycle and increase their rice production and profit. She said improving on milling is the way forward for the industry. More efficient mills, she noted, will trigger higher productivity and usher in quality improvements at the farm level. Ghosh said her organisation has done a lot combining field experience, scientific research and innovative thinking to solve the most challenging crop protection problems domestically and around the world. From small rice mill with traditional rice production machine to state-of-theart rice production machines and modern rice reprocessing system, she reiterated that her organisation is determined to transform rice production to reduce importation. According to her, the organisation’s innovative portfolio of products helps produce cleaner fields, healthier crops and more abundant yields. With more than 330 million acres of rice grown around the world, she said the company is dedicated to helping growers satisfy the growing demand for the world’s most essential food. While accelerating food production has brought more farmland into play, this however without a matching increase in crop yields.The Head Africa, United Phosphorus Limited, Mr Nishant Pahuja said his organisation is using seeds as conduit for moving new varieties, giving farmers access to more productive, yield-enhancing traits.Pahuja said his organisation uses rice seeds to boost nutrition, with bio-fortified varieties that elevate micro-nutrient levels. 16 | 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 Typically, he observed that the severe droughts have decimated crop yields. Since climate change-induced droughts have also had a major impact on food production, Pahuja added that his company has produce drought resistant species that can survive for a long time without water. Director of International Regulatory Affairs, RiceCo, Martin Poveda said the organisation is committed to making an impact on the world shortage of food by improving the quality and quantity of rice and help make it available when and where food is needed. He said the company develops, markets, and supplies rice-specific herbicides to maximise grain production and operational efficiencies. RiceCo, headquartered in Memphis, Tennessee,United States, is a wholly owned subsidiary of United Phosphorus Limited (UPL). UPL is a global crop protection, chemicals and seeds company, headquartered in Mumbai, India. UPL and its companies have a combined market capitalisation of approximately $2.5 billion. This provides RiceCo with a wide variety of resources to continue our goal of being the premier provider of products and services to the rice industry. So far, the Nigeria has released more than $1 billion to boost local rice production and to reduce imports of the commodity. The money, to be spent through the Presidential Rice Initiative, is to be availed to rice farmers at a single-digit interest rate of nine per cent per annum.Some of the money will go to building 200 artificial seed multiplication centres for production of rice seeds.Under the Presidential Rice Initiative, the money is meant to strengthen the capacity of banks in agricultural lending to farmers and entrepreneurs in the value chain as well as reduce rice importation. The Minister of Agriculture, Chief Audu Ogbeh, said in Abuja that large-scale rice farmers would empowered to ensure the successful implementation of the Presidential Rice Initiative. Nigeria, which is Africa’s largest rice producer, plans to raise production to 300,000 metric tonnes a year. This will reduce its imports by 15 per cent and cut costs by $342 million a year. Estimates are that the demand will be 35 million tonnes by 2050.Meanwhile, several ministers of agriculture from Africa will meet in Kampala early next month to discuss rice research and development, production and policy.The meeting, known as “the 30th Extra-Ordinary Session of the AfricaRice Council of Ministers”, will appoint a new Director General for AfricaRice Centre. The meeting will be held from February 6-8 and more than 50 dignitaries are expected to attend. Of these, 25 will be ministers of Agriculture or their representatives.“Africa consumes a total of 11.6 million tonnes of milled rice per year, of which 3.3 million tonnes are imported. As many as 21 of the 39 rice-producing countries in Africa import between 50 and 99 per cent of their rice requirements,” states the International Rice Commission (IRC).In a related development, a group of Thai Investors have disclosed plans to build $4 million rice city in Calabar.Managing Director, Thai-African Corporation Limited, Mrs. Pantipa Dhanagon said the rice city will be completed in six months. Mrs. Pantipa Dhanagom, said the scheme will be a rice seedling center with the best rice seeds to be grown in the area.According to her, the project will provide a training center and a one-stop service for out-growers in Nigeria and other African countrieshttp://thenationonlineng.net/tackling-poor-rice-yields/
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Daily Global, Regional & Local Rice E-Newsletter
Rice Prices as on : 29-01-2016 08:10:40 PM Arrivals in tonnes;prices in Rs/quintal in domestic market. Arrivals
Current
Price
% Season Prev. Prev.Yr Modal change cumulative Modal %change
Rice Gadarpur(Utr) Chaandpur(UP) Bazpur(Utr) Kopaganj(UP) Pilibhit(UP) Shahjahanpur(UP) Gorakhpur(UP) Azamgarh(UP) Bahraich(UP) Basti(UP) Faizabad(UP) Sitapur(UP) Asansol(WB) Mathabhanga(WB) Saharanpur(UP) Kalipur(WB) P.O. Uparhali Guwahati(ASM) Achalda(UP) Ghaziabad(UP) Shikohabad(UP) Gazipur(UP) Nadia(WB) Bindki(UP) Kasimbazar(WB) Udala(Ori) Dadri(UP) Purulia(WB) Vasai(Mah) Taliamura(Tri) Kolhapur(Laxmipuri)(Mah)
870.00 680.00 643.20 450.00 300.00 260.90 220.00 208.00 176.00 153.50 140.00 135.00 132.00 110.00 72.00 72.00 65.00 65.00 60.00 50.00 50.00 50.00 48.00 44.00 40.00 40.00 36.00 32.00 32.00 30.00
-11.5 -51.64 20 80.8 -12 -0.95 -2.22 -0.32 -22.22 2.27 -15.38 12.5 2.86 -1.52 -7.14 -25 -23.08 4.17 NC 11.63 -2.22 11.11 -11.11 50 -11.11 NC
51599.00 1980.00 13996.10 450.00 14250.00 36698.90 2102.00 2654.00 1601.50 2374.50 1861.50 3075.00 396.00 1750.00 2621.00 2069.00 1479.00 1795.00 1100.00 202.50 687.50 700.00 1300.00 654.00 489.00 981.00 996.00 32.00 143.00 500.00
2095 2200 2207 2085 2195 2150 2090 2125 2075 2065 2100 2225 2400 1950 2030 2150 2100 2240 2075 1940 1900 3200 2220 2320 2700 2080 2200 2860 2250 3000
2010 1714 2185 2150 2140 2110 2075 2060 2080 2222 1950 2030 2150 2100 2240 2065 1940 1900 3200 2245 2330 2700 2070 2200 2300 3000
50.94 57.64 0.48 7.23 4.50 0.24 2.48 5.50 -3.33 -19.23 1.22 3.26 3.23 6.73 -10.77 1.46 -9.84 -
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Daily Global, Regional & Local Rice E-Newsletter Mirzapur(UP) Sirsa(UP) Dibrugarh(ASM) Lohardaga(Jha) Fatehabad(UP) Jarar(UP) Dhanura(UP) Diamond Harbour(South 24-pgs)(WB) Partaval(UP) Palghar(Mah) Banda(UP) Champadanga(WB) Alipurduar(WB) Chhibramau(Kannuj)(UP) Medinipur(West)(WB) Lakhimpur(UP) Yusufpur(UP) Raiganj(WB) Kolaghat(WB) Tamluk (Medinipur E)(WB) North Lakhimpur(ASM) Jhansi(UP) Giridih(Jha) Karvi(UP) Jahanabad(UP) Jagnair(UP) Mannargudi(Ker) Muradabad(UP) Buland Shahr(UP) Bhivandi(Mah) Bijnaur(UP) Naugarh(UP) Jeypore(Kotpad)(Ori) Soharatgarh(UP) Chengannur(Ker) Raibareilly(UP) Silapathar(ASM) Khairagarh(UP) Nimapara(Ori) Hailakandi(ASM)
30.00 27.00 26.00 26.00 26.00 25.00 24.00 22.00 20.00 19.00 19.00 18.00 18.00 16.00 16.00 15.00 15.00 15.00 15.00 14.00 13.70 13.00 12.55 12.50 12.00 11.00 10.00 10.00 10.00 8.00 8.00 8.00 7.90 7.50 7.00 6.50 5.20 5.00 4.50 4.00
3.45 13.04 18.18 10 NC -71.21 26.67 28.57 NC NC 6.67 -25 -31.82 NC NC NC 39.8 116.67 -7.41 -4 NC 25 66.67 -11.11 -36 -27.27 46.3 NC -23.53 -89.6 NC NC NC
594.50 121.00 405.20 295.50 86.00 80.00 30.00 62.00 719.50 342.00 171.50 330.00 125.00 169.00 262.00 116.00 302.00 446.00 240.00 283.00 646.70 117.50 108.24 54.50 128.50 27.00 255.00 260.50 195.00 104.00 250.50 295.50 106.30 16.50 276.00 136.50 419.80 190.00 94.00 63.00
1920 2020 2550 1965 2100 2100 2225 1850 2025 2150 2175 2400 2200 2130 2400 2085 1850 2700 2300 2300 1900 2100 3500 2125 2150 2100 4600 2240 2040 3070 2180 2040 4100 2045 2500 2030 3000 2090 2200 2700
1915 2550 1760 1850 2025 2628 2170 2400 2200 2150 2400 2100 1850 2700 2300 2300 1900 2100 2125 2130 3100 2230 2055 3500 2210 2040 3100 2450 2020 3000 2080 2200 2700
4.35 12.93 3.85 -0.54 NC 18.06 12.00 0.74 80.59 7.37 26.15 -13.79 -0.98 NC 2.96 NC NC
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Daily Global, Regional & Local Rice E-Newsletter Jeypore(Ori) 3.60 -18.18 110.40 325 410 Mahoba(UP) 3.50 3.50 1750 Melaghar(Tri) 3.00 NC 59.30 2350 2350 Islampur(WB) 3.00 -25 141.00 2150 2150 Siyana(UP) 2.50 25 37.00 2060 2050 Bonai(Bonai)(Ori) 1.50 50 14.10 2000 2000 Karsiyang(Matigara)(WB) 1.40 -12.5 25.60 2600 2600 Mangaon(Mah) 1.00 -66.67 18.00 2800 2800 Bharuasumerpur(UP) 1.00 1.00 1750 Sardhana(UP) 1.00 NC 38.30 2080 2070 Kalimpong(WB) 0.80 -11.11 12.60 2450 2450 http://www.thehindubusinessline.com/economy/agri-business/article8167886.ece
-2.78 0.98 -16.67 0.48 -
APEDA RICE COMMODITY NEWS International Benchmark Price Price on: 28-01-2016
Product
Benchmark Indicators Name
Price
1
CZCE Early Rice Futures (USD/t)
433
2
Pakistani 100%, FOB Karachi (USD/t)
318
3
Pakistani 25% Broken (USD/t)
383
1
CZCE Wheat Futures (USD/t)
361
2
NYSE Liffe Feed Wheat Futures (USD/t)
155
3
NYSE Liffe Milling Wheat Futures (USD/t)
179
1
Argentine 85mm, CIF NW Europe (USD/t)
2640
2
Argentine 50mm, CIF NW Europe (USD/t)
2700
Rice
Wheat
Honey
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Daily Global, Regional & Local Rice E-Newsletter 3
Argentine 25mm, CIF NW Europe (USD/t)
2860
Source:agra-net
For more info
Market Watch Commodity-wise, Market-wise Daily Price on 27-01-2016 Domestic Prices Product
Unit Price : Rs per Qty
Market Center
Variety
Min Price
Max Price
1
Siddhpur (Gujarat)
Other
3530
3930
2
Pune (Maharashtra)
Other
2800
3200
3
Theni (Tamil Nadu)
Other
1400
1480
1
Amreli (Gujarat)
Other
1560
1825
2
Pune (Maharashtra)
Yellow
1700
1725
3
Koraput (Orissa)
Other
1325
1335
1
Aroor (Kerala)
Other
2400
2600
2
Malout (Punjab)
Other
1000
1500
3
Reasi (Jammu and Kashmir )
Other
2600
2900
1
Chala (Kerala)
Other
2700
2751
2
Nasik (Maharashtra)
Other
1125
2500
3
Sirhind (Punjab)
Other
1300
2300
Jowar(Sorgham)
Maize
Papaya
Cucumber
Source:agmarknet.nic.in
For more info
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Daily Global, Regional & Local Rice E-Newsletter Egg
Rs per 100 No Price on 28-01-2016 Product
Market Center
Price
1
Pune
450
2
Hyderabad
410
3
Namakkal
415
Source: e2necc.com
Other International Prices
Unit Price : US$ per package Price on 28-01-2016
Product
Market Center
Origin
Variety
Low
Onions Dry
High Package: 40 lb cartons
1
Atlanta
Peru
Yellow
24
25
2
Chicago
Nevada
Yellow
34.50
34.50
3
Detroit
Peru
Yellow
22
24
Cabbage
Package: 50 lb sacks
1
Atlanta
Florida
Round Green Type
13
16.50
2
Dallas
Mexico
Round Green Type
14
14
3
Miami
Georgia
Round Green Type
19
20
Grapes
Package: 18 lb containers bagged
1
Atlanta
Peru
Red Globe
28
30
2
Chicago
Peru
Red Globe
23
25
3
Miami
Peru
Red Globe
25
28.50
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Daily Global, Regional & Local Rice E-Newsletter Source:USDA
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 904 828 New Crop 867 867
Riceland Foods Cash Bids Stuttgart: New Crop Stuttgart:
Pendleton: Pendleton:
Futures: Mar '16 May '16 Jul '16 Aug '16 Sep '16 Nov '16 Jan '17 Mar '17 May '17
High 883.00 885.00 890.75 892.25 891.00 893.75 898.00 898.50 892.00
Low 867.00 869.75 876.00 877.75 877.50 879.50 884.50 886.75 892.00
Last Change 882.25 +14.50 884.50 +14.00 890.00 +13.75 891.75 +13.75 890.75 +13.00 893.00 +13.00 897.75 +13.75 899.50 +13.00 902.75 +13.00
Arkansas Daily Grain Report FOB Memphis Elevator Crops
Soybean Comment Soybeans posted double digit gains today to erase all of yesterday’s losses and end up for the week: 6-cents on the nearby contract and 10-cents on November contract. Soybeans saw another week of good exports, which helped stead the market after yesterday’s announcement of China cancellations. While exports remain firm, they continue to trail last year, and continued reports of improving South American weather is likely to keep the pressure on soybean prices in the coming weeks.
Wheat 23 | 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 High Low Cash Bids 467 397 -New Crop --
Futures: Mar '16 May '16 Jul '16 Sep '16 Dec '16 Mar '17 May '17 Jul '17 Sep '17
High 479.75 485.25 491.25 500.00 513.25 521.50
Low 470.75 476.50 482.25 491.25 505.50 516.50
518.00 525.50
517.75 525.50
Last Change 479.25 +7.00 485.00 +7.00 490.50 +6.50 499.50 +6.75 512.75 +6.00 522.50 +5.00 526.75 +5.00 521.25 +6.00 528.50 +4.75
Arkansas Daily Grain Report FOB Memphis Elevator Crops
Wheat Comment July wheat closed higher today on support from outside markets and closed just above resistance at $4.90. Wheat gains today may be difficult to hold given the strength in the dollar and wheat’s continued poor export performance. Today’s report showed sales down 19-percent from last week, and up only 9-pecent from 4-week average.
Grain Sorghum High Low Cash Bids 356 356 -New Crop --
Arkansas Daily Grain Report FOB Memphis Elevator Crops
Corn High Low Cash Bids 383 353 New Crop 383 353
Futures:
High
Low
Last
Change
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Daily Global, Regional & Local Rice E-Newsletter Mar '16 May '16 Jul '16 Sep '16 Dec '16 Mar '17 May '17 Jul '17 Sep '17
372.50 377.25 382.00 386.50 393.75 402.00 408.00 411.25 402.25
365.00 370.00 375.00 379.75 387.00 396.75 403.00 406.50 400.00
372.00 376.75 381.50 386.00 393.25 401.75 407.50 410.75 404.00
+6.50 +6.25 +6.25 +6.25 +5.75 +5.00 +4.50 +4.25 +4.25
Arkansas Daily Grain Report FOB Memphis Elevator Crops
Corn Comment Corn prices recovered losses from earlier in the week and managed to close the week up 2-cents on the March contract and a penny on the December contract. The market got a much needed boost from another good export sales report. While sales were not as high as last week they were still up 17-percent from the 4-week average. As we approach the half-way point for prices discovery for crop insurance corn prices are trending in the right direction are prices are up 8-cents since January 15. Corn prices continue to have difficulty maintaining gains and will need some more bullish news to help prices maintain gains today as a today’s rally in the dollar will have the market worried about exports going forward.
Cotton Futures:
High Mar '16 61.89 May '16 62.28 Dec '16 61.89
Low 60.76 61.26 60.76
Last Change 61.13 -0.23 61.6 -0.31 61.13 -0.23
Memphis, TN Cotton and Tobacco Programs
Cotton Comment Cotton futures were lower across the board, ending the week on a negative note. March again tested resistance at the 62 cent level before backing off and closing lower. Weekly exports of 158,600 running bales were down from 205,100 the previous week. Total 15-16 commitments are now 5.828 million running bales are down 36% from a year ago, and are currently 60% of the USDA export forecast.
Rice High Low Long Grain Cash Bids Long Grain New Crop
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Daily Global, Regional & Local Rice E-Newsletter Futures: Mar '16 May '16 Jul '16 Sep '16 Nov '16 Jan '17 Mar '17
High 1139.0 1166.0 1190.0 1199.0 1220.0
Low 1118.0 1148.5 1190.0 1199.0 1220.0
Last Change 1135.0 +4.0 1163.0 +3.5 1190.5 +4.0 1200.5 +3.5 1210.5 -9.5 1211.0 -9.5 1211.0 -9.5
Rice Comment Rice futures ended mostly higher today. March continues to find resistance at $11.50. A close above $11.50 could signal a move toward a retest of the $12 area, while support is at the recent low of $11.65. Weekly exports were a disappointing 22,700 metric tons, down 46% from the previous week and 57% from the prior 4week average.
Cattle Futures: Live Cattle: Feb '16 Apr '16 Jun '16 Aug '16 Oct '16 Dec '16 Feb '17 Apr '17
High 136.950 136.125 125.200 121.275 121.975 122.275 121.300 120.600
Low 133.850 132.550 122.425 118.750 119.500 119.875 118.950 118.200
Last Change 134.800 -0.625 133.325 -1.200 122.900 -1.075 119.250 -1.150 119.900 -1.475 120.100 -1.500 119.225 -1.575 118.950 -1.150
Mar '16 Apr '16 May '16 Aug '16 Sep '16 Oct '16 Nov '16 Jan '17
High 160.275 159.825 158.750 159.800 157.800 155.075 151.500 145.000
Low 155.250 154.850 153.975 155.125 153.900 151.550 147.900 145.000
Last Change 156.375 -3.050 156.200 -2.750 154.950 -3.250 156.000 -3.325 154.575 -2.925 152.700 -2.375 148.675 -2.575 145.000 -2.425
Feeders:
Arkansas Prices Arkansas Weekly Livestock Summary
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Daily Global, Regional & Local Rice E-Newsletter Cattle Comment Cattle futures weakened today as the market remains concerned about weak cash prices. The market saw sharp losses ahead of the cattle inventory report which was released after the market closed. Cattle inventory was reported up 3-percent as all cattle and calves in the United States as of January 1, 2016 totaled 92.0 million head, compared to 89.1 million head on January 1, 2015.
Hogs Futures: Feb '16 Apr '16 May '16 Jun '16 Jul '16 Aug '16 Oct '16 Dec '16 Feb '17
High 66.100 71.025 76.850 80.925 80.375 79.600 67.900 63.500 65.850
Low 65.325 69.800 76.400 79.800 79.450 78.875 67.425 63.025 65.375
Last Change 65.625 +0.325 70.625 +0.925 76.850 +0.950 80.575 +0.800 80.100 +0.600 79.350 +0.400 67.525 0.000 63.150 -0.050 65.500 -0.275
Hog Comment Shell Eggs Daily Midwest Regional Eggs Daily New York Eggs
National Turkeys Weekly Weighted Average Prices for Whole Young Turkeys
Delmarva Broilers Daily Southern Broiler/Fryers http://www.arfb.com/ag-markets-statistics/report/
Magazine Highlights USA Rice as Resource for Foodservice Professionals By Katie Maher ARLINGTON, VA -- USA Rice was highlighted as a resource to help restaurants bring out the best of menu items in a feature article entitled "Promoting the Positive" in Flavor & The Menu. The article described USA Rice and other commodity boards as important and credible resources and gave examples of information they provide to foodservice operators.
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Daily Global, Regional & Local Rice E-Newsletter The "All-American Rice" feature cited recent USA Rice consumer focus group data to emphasize the notion of restaurants serving locally-sourced and healthful ingredients, like U.S.grown rice, to meet the demands of today's consumer. With a circulation of more than 25,000, Flavor & The Menu is an industry periodical that targets those having influence over menu-development decisions within all segments of the foodservice industry. "It's great for U.S.-grown rice to receive this kind of recognition," said John Hasbrook, chair of the USA Rice Foodservice Subcommittee. "Nearly eighty-nine percent of the magazine's readership is involved in restaurant purchasing decisions, so getting this group to think about U.S.-grown rice and informing them of USA Rice as a helpful source of trend and culinary information is a great way to keep rice top of mind."
Riverina mayors call for water policy rethink after SunRice slashes jobs ABC Riverina By Moyra Shields Posted Fri at 3:58am PHOTO: Sunrice has announced it is cutting up to 50 jobs at its mills in Deniliquin and Leeton. (Laurissa Smith) MAP: Deniliquin 2710 Councillors are calling for a rethink on water policy after the announcement that regional New South Wales food processor, SunRice, is cutting jobs at two sites in southern New South Wales.Staff and unions were informed of proposed redundancies on Thursday, but SunRice said it would not come into effect until late April.In a statement CEO Rob Gordon said the reconfiguration of operations in Leeton and Deniliquin was necessary to ensure an ongoing, sustainable business.Low water allocations, particularly in the Murray Valley, have resulted in reduced rice plantings this summer. There is some environmental water ... that can possibly be released. This is a critical time for our region particularly, so I'd call on all the politicians to really look at this. Deniliquin Mayor, Ashley Hall In 2008, the Deniliquin rice mill closed for two years, with the loss of hundreds of jobs. 28 | 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 SunRice said it anticipated fewer than 50 positions would be lost. The Mayor of Deniliquin, Ashley Hall, said he felt for up to 40 local SunRice workers who face losing their jobs. Up to 10 jobs could be lost in Leeton. Cr Hall said SunRice had just spent $6 million on the mill, so it was a relief that it was not closing completely, as it did eight years ago. "They're all renting houses or paying houses off, so there's going to be some impacts," he said. "We've got to work through that, and hopefully the message gets across to the politicians that water is critical in this area. "Industries like SunRice are so valuable, we just need them operational 24/7, 365 days a year. "We just don't want to go into recess totally," Cr Hall said. "It's good to see that they're keeping the plants operational. "We've got to be hopeful we can get some water for the rice farmers to grow rice next year." At the moment we need to be looking at the years where we're struggling, and see if we can get that allocation higher before the growing period is over. Leeton Shire Mayor, Paul Maytom A crop of up to 800,000 tonnes is needed to keep the Riverina's rice mills operating, and it could be around a quarter of that this year. Leeton's Mayor Paul Maytom, said despite high prices for rice, competition from other crops was an issue.He said SunRice had been the backbone of the shire and the region's economy for decades, but it had to make a business decision."They're looking at opportunities to retain staff, looking at possible options to relocate staff, put employees on leave, so they're doing all they can," he said."Of course we feel so strongly for the families that are affected and employees who'll be losing their jobs."Unfortunately with the business as it is, it has invested heavily, but there's a strong reliance on water supply." Future water supply depends on policy change There is concern the SunRice mill in Deniliquin may be forced to close altogether next year, as it did during the millennium drought. Cr Hall said as few as a dozen growers planted a rice crop in the Murray Valley this season. He said if dams did not fill, next year could be worse for SunRice. "Well that's a significant reality and we have to take every step we can to stop this happening," Cr Hall said. "The politicians really need to take stock and so does the Murray Darling Basin Authority. "There is some environmental water, that I know the politicians have spoken about before, that can possibly be released. "This is a critical time for our region particularly, so I'd call on all the politicians to really look at this."Cr Maytom said water policy should be tweaked.He said he would like to see a true measure of the value of the water going to the environment and more balance so farmers could grow irrigated crops."At the moment maybe we need to be looking at the years where we're struggling, and see if we can get that allocation higher, before the growing period is over," he said."That's what's happening: the allocations do go up, but effectively it's after the growing season. "http://www.abc.net.au/news/2016-01-29/riverina-mayors-call-for-water-policy-rethink/7123112
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