Daily Global
Rice E-Newsletter by Riceplus Magazine November 05,2015 Vol 5, Issue XI
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Rice News Headlines...
Sugar unavailable at utility stores in Multan, rice selling at lower price Revival of rice export to Iran not possible sans currency swap deal IPAB reserves order on Basmati-GI dispute Iran yet to issue fresh orders for rice imports More rice imports required next year Lando, El Niño impact may hike rice imports by 1.3 MMT in 2016 Inflation rate stays at 0.4% in October, but NEDA chief flags APEDA Commodity India News Nagpur Foodgrain Prices Open-November 05 11/05/2015 Farm Bureau Market Report Arkansas Farm Bureau Daily Commodity Report Groups condemn additional rice imports Rice Investors Brace for the Worst as Smugglers Prosper Again MEXICO READY TO PURCHASE GUYANA RICE FOLLOWING VENEZUELA‘S REFUSAL TO RENEW EXCHANGE ACCORD Mandis to receive 40% more paddy this year: Prasad Mississippi entomologists report on benefits of neonicotinoid seed treatments on rice USA Rice Welcomes New Rice Stewardship Partnership Coordinator U.S. Releases Full TPP Text Weekly Rice Sales, Exports Reported The Mediterranean diet— with a twist
News Detail... Sugar unavailable at utility stores in Multan, rice selling at lower price Sugar has not been available at the sale outlets of Utility Stores Corporation (USC) for the last few months, while rice and other commodities have been selling at the USC outlets at lower prices, USC Multan zone officials said on Wednesday.Grocers Association President Multan Afaq Ansari, however, said that sugar was available in
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abundance in the local market at reasonable price. He said that they were obtaining sugar from markets at Rs 55/kg and selling at Rs 60 per kg at retail outlets in the open market.USC officials said that they did not receive supply of sugar from the head office and thus the commodity was missing from their sale points.They said that USC used to obtain sugar supply through Trading Corporation of Pakistan (TCP) but now the open tender process was being adopted which had not yet ensured sugar supply to USC outlets.They said that 90 USC stores were operating in Multan district and they had been selling sugar at Rs 57/kg before their stocks exhausted few months ago.They, however, added that Ghee, flour, pulses, rice and other commodities were available at a price far lower than the open market price.The officials said that the companies had reduced prices of branded rice while the rice in USC packing was available at only Rs 67 per kilogram which in local market was carrying a much higher price tag. http://www.pakistantoday.com.pk/2015/11/05/news/sugar-unavailable-at-utility-stores-in-multan-riceselling-at-lower-price/
Revival of rice export to Iran not possible sans currency swap deal November 05, 2015
LAHORE As Iran is considering lifting ban on rice export from Pakistan, imposed for the last one year, the exporters believe the decision will remain ineffective until proper currency transfer arrangements between the two countries are made. Only effective and reliable formal banking channel of currency transfer and Good Manufacturing Practices (GMP) Certificates by Iran government for Pakistani exporters can revive rice export from Pakistan,‖ said the Rice Exporters Association of Pakistan chairman Shafique Ch. He said export of premium Pakistani basmati rice to Iran had dropped significantly. The exports to Iran had declined from about 0.45 million tons to around 0.12 million tons annually due to nonavailability of currency swap agreement. He said Iranian traders had shifted to India due to availability of official channels of currency exchange. Exporters expressed dismay over the vague policy in doing trade with neighbouring Iran, as traders were facing loss of billions due to the failure of relevant government functionaries. The basic factor behind this unwelcoming development is the failure of authorities concerned in finalising currency swap and currency transfer channels. ‖The Indians are getting a benefit from preferential exchange rate due to availability of official channel against Pakistani exporters, who have to transact at market rates, hence making our price
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uncompetitive. Shafique Ch also expressed disappointment over the role of local banks that were no more accepting letters of credit for exporting goods to Iran. He said that Indian exporters do not face such issues with Iran and had favourable trade ties at the state level.Iran is the one of the largest rice market of the world worth around $3.2 million, as it imports around 1.4 million tons of rice from across the world. According to the Iranian ministry, the demand for rice in Iran has doubled during last five years and import of rice grew more than 35 percent. Hence, there exists a huge opportunity for the exporters of Pakistani rice. Pakistan is the fourth largest exporter of rice in the world with exports of more than $2 billion. Before imposition of ban on rice import by Iran, Pakistan was the largest exporter of rice to Iran which it has lost to India. Currently, almost 90 percent of rice is coming from India although import from Pakistan is more economical. Shafique Ch said that India captured this market as no sanctions were imposed on it by the US under the head of food versus oil programme. Under the programme, India could export food grains and medical supplies to Iran in exchange of oil purchase. However, Pakistan‘s trade was routing through Bank of New York, which was suspended by the US. Hence, Pakistan was deprived of its niche rice market of Iran which resulted in crashing of local rice price and paddy growers incurred huge losses in their crops.Rice Exporters Association of Pakistan Chairman asked the government to resolve the issues impeding rice trade with Iran. The TDAP and Pakistan embassy in Iran can coordinate with Iranain government for early issuance of GMP licences to Pakistani rice exporters from Iran which is essential for rice export to Iran. The REAP also believes that Iran and Pakistan should have a preferential trade agreement (PTA) with preferably a zero import duty regime on both sides. The free trade agreement would help dampen the undocumented trade between both the countries," he added. http://nation.com.pk/business/05-Nov-2015/revival-of-rice-export-to-iran-not-possible-sans-currencyswap-deal
IPAB reserves order on Basmati-GI dispute Various parties related to the dispute completed argument in three consecutive days BS Reporter | Chennai November 5, 2015 Last Updated at 18:46 IST
MP argues for inclusion of the region under GI tag for basmatiBasmati rice exporters in a fix over falling pricesBasmati exporters' realisations down 18%IPAB sets aside order passed against LupinIPAB sets aside Patent Office's order in an appeal of HUL The Intellectual Property Appellate Board (IPAB) has reserved orders on the dispute between the Agricultural and Processed Food Products Export Development Authority (Apeda) and the State of Madhya Pradesh and others related to Geographical Indications (GI) tag forbasmati rice, after three consecutive days of hearing.Hearing various parties related to the dispute, including APEDA, Madhya Pradesh Government, various organisations namely New Darpan Social Welfare Society, Madhya Kshetra Basmati Rice Exporters Association and Basmati Growers
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Association of Patiala, and private companies namely Daawat Foods Ltd, SSA International Ltd and Narmada Cereals Pvt Ltd, the bench comprising ofIPAB Chairman Justice K N Basha and Technical Member (Trade Marks) Sanjeev Kumar Chaswal decided to reserve the orders. J Sai Deepak, the counsel for the State of Madhya Pradesh and for other parties including Daawat Foods argued that not adding Madhya Pradesh under the GI for Basmati would have an impact on around 80,000 farmers in the region. He argued that the State's claim is to include 13 districts/regions in Madhya Pradesh in the GI.During the hearing, Senior Advocate P S Raman, who appeared for Apeda, argued that Madhya Pradesh is not a State which is in the Indo-Gangetic Plane (IGP) where Basmati rice is being cultivated traditionally. It also argued that while the state claims that the rice produced there has charecteristics of Basmati, the temperature and the day length in the State is different from the traditional Basmati producing States and thus, it cannot be included under the GI. While the New Darpan Social Welfare Society sought the Board to give the relief the State of Madhya Pradesh has sought, P V Yogeswaran, counsel appearing for Basmati Growers Association of Patiala argued that the GI should be given to places where the quality and reputation for Basmati are there. Meanwhile a dispute raised by the Basmati Growers Association from Pakistan has been kept aside for further hearing later.The dispute emerged after Apeda filed an application with the GI Registry to register the name basmati for rice covering Punjab, Haryana, Delhi, Himachal Pradesh, Uttarakhand and a part of Uttar Pradesh and Jammu and Kashmir. The State of Madhya Pradesh and others raised opposition against the GI application seeking inclusion of the State into the GI for Basmati. The assistant registrar of the GI Registry issued an order on December 31, 2013, in which it directed the Apeda to file an amended GI application including the uncovered area, with map of the region clearly demarcating the area of production within 60 days from the date of the order.Apeda filed appeal with the IPAB against the order. Apeda has earlier filed an application for registration of basmati as GI in class 30 under the Geographical Indications of Goods (Registration & Protection) Act, 1999, without including area in MP.The rice growers and producers claimed the rice produced in MP, particularly Morena, Bhind, Gwalior, Sheopur, Datia, Shirpur, Guna, Vidisha, Raiben, Sehore, Hoshangabad, Jabalpur and Narsinghpur, has the required characteristics of rice variety mentioned in the application of Apeda. The Basmati Growers Association from Pakistan, formed to protect Basmati's interest in Pakistan, challenged the APEDA's move in the IPAB claiming that " 'Basmati' is a name for a slender, aromatic and long grain variety of rice grown in the specific geographical area at the foothills of the Himalayas in Pakistan." Business Standard
Iran yet to issue fresh orders for rice imports APEDA Iran, the biggest destination for the aromatic and long- grained rice from India, has not officially banned rice imports, however, in October 2014, it had suspended fresh orders due to surplus stocks.gri-export promotion body APEDA said Iranian government has not yet resumed issuing fresh orders for rice imports this year amid India sitting on a huge stock of basmati rice. Iran, the biggest destination for the aromatic and long- grained rice from India, has not officially
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banned rice imports, however, in October 2014, it had suspended fresh orders due to surplus stocks. "At present, basmati rice is being exported against the permits issued prior to October 2014. There is no official communication from the Iran government that it has resumed fresh orders. Our embassy is seized of the matter," said A K Gupta, Director, Basmati Export Development Foundation, APEDA. Iran had temporarily stopped issuing fresh import permits as it had huge carry over stocks accumulated before imposition of the US sanctions, he told PTI. All India Rice Exporters Association (AIREA) Executive Director R Sundaresan also said there is no official word on reports that Iran government has lifted import curbs on rice. "We spoke to Iran embassy officials on this issue, they said there is no such development," he said. Noida-based rice exporter KRBL Ltd Chairman Anil Mittal said if Iran starts approving new rice import contracts it would boost domestic prices of basmati rice, which have fallen sharply in the wake of lower demand and excess output. India has exported 3 lakh tonnes of basmati rice to Iran in the April-August period of the 2015-16 fiscal, against 3.7 lakh tonnes in the year-ago period, as per APEDA data. Basmati rice output in the country has risen to 8.7 million tonnes in 2014-15 compared with 6.1 million tonnes in the previous year. Iran's annual consumption of rice is estimated at around three million tonnes. Around 2 million tonnes is produced in the country while the rest is imported from India. http://www.moneycontrol.com/news/economy/iran-yet-to-issue-fresh-orders-for-rice-importsapeda_3986001.html?utm_source=ref_article
More rice imports required next year posted November 05, 2015 at 11:45 pm by Gabrielle H. Binaday The government has increased the rice import target in the first half of 2016 to 1.8 million metric tons, from an initial plan of 1.5 million tons, to ensure adequate supply of the staple, following the prolonged El Niño dry spell and the devastation of typhoon Lando.Economic Planning Secretary and National Economic and Development Authority director general Arsenio Balisacan said the agency proposed the importation of an additional 300,300,000 metric tons of rice, on top of the original proposal of 1 million MT and the already approved orders for 500,000 MT.―Our recent assessment is that would probably have to be 1.3 million metric tons but that‘s not final. We asked the Department of Agriculture. They will also re-asses the numbers so we have to compare notes when they have done their homework. But obviously we will need more for the second quarter,‖ he said.Balisacan said the agency presented to President Benigno Aquino III the draft for P19.2-billion El Niño roadmap which was revised due to typhoon Lando. He said the initial budget proposal could get ―slightly higher‖ because the country‘s rice bowl was ―severely hit.‖―There is a need to ensure supply adequacy and to intensify local community efforts in areas that are highly vulnerable and exposed to adverse impacts of a prolonged dry spell,‖ he said in a separate statement.The National Food Authority has the discretion on rice importation, but Balisacan said the plan should also be approved by Aquino, given the huge volume involved.The Finance department earlier said the Philippines should import more rice to cover losses in the production of the staple food due to damage inflicted by typhoon Lando in Northern and Central Luzon.Finance
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Undersecretary and chief economist Gil Beltran said more rice imports were needed to avoid a sharp increase in the domestic price of the commodity.―The country may have to import more rice to replace these losses in domestic production and avoid triggering an inflationary spiral,‖ Beltran said in an economic bulletin. http://thestandard.com.ph/business/191190/more-rice-imports-required-next-year.html
Lando, El Niño impact may hike rice imports by 1.3 MMT in 2016 by Cai Ordinario - November 5, 2015 The interagency El Niño Task Force estimates that an additional importation of 1.3 million metric tons (MMT) of rice is needed in the first semester of 2016.If the recommendation of the task force is adopted by the National Food Authority (NFA) Council and approved by the President, the country will be importing a total of 1.8 MMT of rice next year.This year the NFA Council already approved an importation of 500,000 MT, which the government said will be arriving in the first quarter of 2016.―Our recent assessment is that would probably have to be 1.3 MMT; but that‘s not final. We asked the Department of Agriculture [DA] that they also reassess the numbers so we have to compare notes when they have done their homework. But, obviously, we will need more for the second quarter,‖ Socioeconomic Planning Secretary Arsenio M. Balisacan told reporters on Thursday.This new estimate, Balisacan said, is an increase from the initial estimate of 1 MMT, which was made by the El Niño Task Force before Typhoon Lando devastated Central Luzon, the country‘s ―rice bowl.‖The DA reported that as of October 26, the extent of the damage caused by Typhoon Lando has reached P8.45 billion worth of production losses covering crops, livestock and fisheries, as well as infrastructure.The total production losses reached P8.42 billion. The largest production loss was in rice worth P7.21 billion, followed by high-value crops, P780.27 million.―Typhoon Lando has caused us to lose 300,000 MT of rice equivalent. But we are revalidating that because, on the other hand, the drought was reduced. There are provinces where the months of dry spell were cut. On the other hand, new provinces were affected by the [typhoon],‖ Balisacan said. Apart from the additional importation of rice, the El Niño Task Force also estimated that the amount needed to address the impact of the dry spell may be higher than expected.Balisacan earlier said interventions to mitigate the impact of El Niño on 66 provinces will require P19.2 billion. This will finance cash-for-work programs worth P2.9 billion this year and P7.3 billion in the first semester of next year.He added that a budget of P1.3 billion was initially earmarked for the remaining months of 2015 and P1.9 billion for the first semester of 2016 by the Department of Social Welfare and Development for food stamps.―It‘s a little bit more than that,‖ Balisacan said. ―I don‘t think we should focus now on the total amount because what we are precisely being asked to do is to reconfirm the numbers, especially to ensure that the implementing agencies can actually implement their program because we don‘t want to have a situation where we park the money to an agency and it‘s not utilized.‖Balisacan said the government has already identified seven provinces that are being affected by El Niño. These are Quirino, Aurora, Quezon, Bohol, Siquijor, Camiguin and Misamis Oriental.He said by the end of the month toward November 2015, the number of provinces affected by the drought
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will more than double to 16 provinces. By the end of the first semester next year, some 66 provinces nationwide are expected to have been affected by El Niño.
http://www.businessmirror.com.ph/lando-el-nino-impact-may-hike-rice-imports-by-1-3-mmt-in-201 Socioeconomic Planning Sec. and NEDA Director General Arsenio Balisacan: environment favorable for low inflation, but El Niño poses upside risks.
Inflation rate stays at 0.4% in October, but NEDA chief flags InterAksyon.com means BUSINESS MANILA - With most food prices stable and power and fuel price movements still low, inflation stayed at 0.4 percent in October 2015, the same rate registered in the previous month, according to the National Economic and Development Authority (NEDA).The Philippine Statistics Authority reported Thursday that headline inflation rate remained at 0.4 percent in October 2015, well within the Bangko Sentral ng Pilipinas forecast of 0.1-0.9 percent for the period. This is also lower than the 3.2 percent recorded in October 2014.―The current low inflation environment is expected to continue throughout the year. This will largely be due to favorable supply-side factors such as the availability of ample food supply and low international oil prices,‖ said Socioeconomic Planning Secretary and NEDA chief Arsenio M. Balisacan.At the same time, however, Balisacan said that while the environment remains favorable for low inflation, it is important to brace for the upside risks of El Niño and its impact on consumer prices.Such risks would come mainly from farms getting drier, thus affecting food supply; and energy costs impacted by capacity shortfalls as some hydropower plants get affected by drought.Inflation for the food subgroup remained stable in October 2015 due to large price declines in bread and cereal, rice and corn. ―These offset the slight price increase in some food items such as meat and vegetables on account of the damage caused by Typhoon Lando which affected supply,‖ the Cabinet official said.Lower prices in electricity, gas and other fuels continued on the back of a lower generation charge in October 2015. Prices of gasoline, kerosene, diesel, and LPG likewise remained relatively lower due to the persistent downward movement of international crude oil prices.Meanwhile, non-food items showed slight price increments as inflation partially increased by 0.2 percent in October 2015.Core inflation, which excludes energy and unprocessed food
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prices, slightly increased to 1.5 percent from 1.4 percent in September 2015.However, year-todate core inflation slowed down to 2.0 percent relative to the 2.1 percent average in September. ‗This indicates that price adjustments across a broad range of consumer items are relatively stable,‖ said Balisacan. Risks from El Nino While the environment remains favorable for low inflation, he however, warned of the upside risks of El Niño and its impact on consumer prices.―Upside risks could come from the stronger and prolonged El Niño‘s impact on food prices and also possible increase in utility rates given the pending petitions for power rate adjustments,‖ he said.On food prices, Balisacan said that in the short term, it is imperative to continue monitoring drought in agricultural areas.―There is a need to ensure supply adequacy and to intensify local community efforts in areas that are highly vulnerable and exposed to adverse impacts of a prolonged dry spell,‖ he said. Drier weather conditions on account of the El Niño could adversely affect hydro-powered generation plants and raise the cost of electricity, particularly in Mindanao, he pointed out.―It is also important that the ongoing power projects that are expected to be delivered between November 2015 and March 2016 will not be delayed. This will ensure that inflationary pressure coming from power shortages is tempered. The government also needs to sustain improvements in the policy environment to enhance private sector commitment to undertake power projects,‖ he said. http://www.interaksyon.com/business/119802/inflation-rate-stays-at-0-4-in-october-but-neda-chief-flagsupside-risks-from-el-nino
APEDA Commodity India News International Benchmark Price Price on: 04-11-2015
Product
Benchmark Indicators Name
Price
1
Turkish No. 2 whole pitted, CIF UK (USD/t)
4875
2
Turkish No. 4 whole pitted, CIF UK (USD/t)
4375
3
Turkish size 8, CIF UK (USD/t)
3625
1
DCE Corn Futures (USD/t)
292
2
White Maize, FOB South Africa (USD/t)
225
3
TOCOM Corn Futures (USD/t)
216
1
South Africa, HPS 70/80 peanuts CFR main European ports (USD/t)
1200
2
South African, HPS 40/50 peanuts CFR main European ports (USD/t)
1592
3
Argentinean 38/42 runners, CFR NW Europe (USD/t)
1200
Apricots
Corn/Maize
Peanuts
Source:agra-net
For more info
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Market Watch Commodity-wise, Market-wise Daily Price on 04-11-2015 Domestic Prices Product
Unit Price : Rs per Qty
Market Center
Variety
Min Price
Max Price
1
Hassan (Karnataka)
Local
1000
1530
2
Pune (Maharashtra)
Other
1550
1625
3
Dahod (Gujarat)
White
1400
1562
1
Amirgadh (Gujarat)
Other
1555
1555
2
Deoli (Rajasthan)
Other
1150
1250
3
Mandsaur (Madhya Pradesh)
Other
1370
1370
Barnala (Punjab)
Other
2500
2500
2
Jalore (Rajasthan)
Other
900
1200
3
Bharuch (Gujarat)
Other
800
1200
1
Manjeri (Kerala)
Other
1300
1500
2
Pune (Maharashtra)
Other
800
2500
3
Barnala (Punjab)
Other
1000
1900
Maize
Barley (Jau)
Papaya 1
Cucumbar
Source:agmarknet.nic.in
For more info
Egg
Rs per 100 No Price on 04-11-2015 Product
Market Center
Price
1
Pune
387
2
Chittoor
363
3
Hyderabad
347
Source: e2necc.com
Other International Prices
Unit Price : US$ per package Price on 03-11-2015
Product
Market Center
Origin
Variety
Low
Onions Dry
High Package: 40 lb cartons
1
Atlanta
Peru
Yellow
26
2
Chicago
Nevada
Yellow
22
24
3
Detroit
Peru
Yellow
25
26.50
Carrots
26.75
Package: 20 1-lb film bags
1
Atlanta
California
Baby Peeled
20
20.75
2
Dallas
Arizona
Baby Peeled
17
17.50
3
Miami
California
Baby Peeled
17
17.50
1
Atlanta
Virginia
Red Delicious
24
24
2
Chicago
Washington
Red Delicious
21
23.50
3
New York
California
Red Delicious
20
24
Apples
Package: cartons tray pack
Source:USDA
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International Benchmark Price Price on: 05-11-2015
Product
Benchmark Indicators Name
Price
1
Turkish No. 2 whole pitted, CIF UK (USD/t)
4875
2
Turkish No. 4 whole pitted, CIF UK (USD/t)
4375
3
Turkish size 8, CIF UK (USD/t)
3625
1
DCE Corn Futures (USD/t)
292
2
White Maize, FOB South Africa (USD/t)
223
3
TOCOM Corn Futures (USD/t)
214
1
South Africa, HPS 70/80 peanuts CFR main European ports (USD/t)
1200
2
South African, HPS 40/50 peanuts CFR main European ports (USD/t)
1592
3
Argentinean 38/42 runners, CFR NW Europe (USD/t)
1200
Apricots
Corn/Maize
Peanuts
Source:agra-net
For more info
Market Watch Commodity-wise, Market-wise Daily Price on 05-11-2015 Domestic Prices
Unit Price : Rs per Qty
Product
Market Center
Variety
Min Price
Max Price
1
Srirampur (Assam)
Other
2950
3200
2
Bangalore (Karnataka)
Medium
4000
4300
Rice
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3
Samsi (West Bengal)
Fine
2790
2820
1
Hoskote (Karnataka)
Other
1874
1874
2
Dahod (Gujarat)
147 Average
1750
1850
3
Sangli (Maharashtra)
Other
1700
3000
1
Chala (Kerala)
Other
3000
3100
2
Jalore (Rajasthan)
Other
2000
2500
3
Bharuch (Gujarat)
Other
1000
2000
1
Chala (Kerala)
Other
2200
2258
2
Shillong (Meghalaya)
Other
1300
1500
3
Sirhind (Punjab)
Other
800
1100
Wheat
Orange
Cabbage
Source:agmarknet.nic.in
For more info
Egg
Rs per 100 No Price on 05-11-2015 Product
Market Center
Price
1
Ahmedabad
380
2
Hyderabad
347
3
Nagapur
358
Source: e2necc.com
Other International Prices
Unit Price : US$ per package Price on 05-11-2015
Product
Market Center
Origin
Variety
12
Low
High
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Potatoes
Package: 50 lb cartons
1
Atlanta
Colorado
Russet
17
17.75
2
Chicago
Idaho
Russet
15
17
3
Detroit
Wisconsin
Russet
14
14.50
Cucumbers
Package: cartons film wrapped
1
Atlanta
Canada
Long Seedless
13
13.50
2
Dallas
California
Long Seedless
17
18.50
3
Miami
Honduras
Long Seedless
10
10
Grapes
Package: 19 lb containers bagged
1
Atlanta
California
Red Globe
23.50
23.75
2
Baltimore
California
Red Globe
24
27
3
Detroit
California
Red Globe
20
24
Source:USDA
Nagpur Foodgrain Prices Open-November 05 Gram prices today recoveed in Nagpur Agriculture Produce and Marketing Committee (APMC) here on good demand from local millers amid weak supply from producing regions.Notable rise on NCDEX, healthy hike in Madhya Pradesh gram prices and enquiries from South-based millers also jacked up prices, according to sources. FOODGRAINS & PULSES GRAM * Desi gram reported higher in open market on renewed demand from local traders amid tight supply from producing belts. TUAR * Tuar varieties ruled steady in open market on poor demand from local traders amid ample stock in ready position. * Rice Swarna best and medium varieties firmed up in open market on increased festival season demand from local traders amid weak supply form producing regions like Madhya Pradesh and Chhatisgarh
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* In Akola, Tuar - 11,000-11,300, Tuar dal - 17,200-17,400, Udid 13,900-14,300, Udid Mogar (clean) - 17,300-18,000, Moong 10,000-10,200, Moong Mogar (clean) 11,600-11,800, Gram - 4,200-4,400, Gram Super best bold - 6,000-6,400 for 100 kg. * Wheat, other varieties of rice and other commodities remained steady in open market in weak trading activity. Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg FOODGRAINS Available prices Previous close Gram Auction 4,100-4,800 3,940-4,710 Gram Pink Auction n.a. 2,100-2,600 Tuar Auction n.a. 7,800-9,200 Moong Auction n.a. 6,000-6,400 Udid Auction n.a. 4,300-4,500 Masoor Auction n.a. 2,600-2,800 Gram Super Best Bold 6,400-6,600 6,400-6,600 Gram Super Best n.a. n.a. Gram Medium Best 6,000-6,100 6,000-6,100 Gram Dal Medium n.a. n.a Gram Mill Quality 5,000-5,100 5,000-5,100 Desi gram Raw 4,850-4,950 4,800-4,900 Gram Filter new 5,400-5,600 5,400-5,600 Gram Kabuli 5,800-7,100 5,800-7,100 Gram Pink 6,200-7,000 6,200-7,000 Tuar Fataka Best 17,500-17,800 17,500-17,800 Tuar Fataka Medium 17,000-17,300 17,000-17,300 Tuar Dal Best Phod 16,500-16,800 16,500-16,800 Tuar Dal Medium phod 15,500-15,900 15,500-15,900 Tuar Gavarani New 11,700-12,300 11,700-12,300 Tuar Karnataka 12,600-12,800 12,600-12,800 Tuar Black 18,000-18,300 18,000-18,300 Masoor dal best 8,000-8,200 8,000-8,200 Masoor dal medium 7,600-7,800 7,600-7,800 Masoor n.a. n.a. Moong Mogar bold 11,500-12,000 11,500-12,000 Moong Mogar Med 10,000-11,000 10,000-11,000 Moong dal Chilka 9,500-9,600 9,500-9,600 Moong Mill quality n.a. n.a. Moong Chamki best 9,000-10,000 9,000-10,000 Udid Mogar Super best (100 INR/KG) 16,500-18,500 16,500-18,500 Udid Mogar Medium (100 INR/KG) 14,500-15,500 14,500-15,500 Udid Dal Black (100 INR/KG) 10,600-11,200 10,600-11,200 Batri dal (100 INR/KG) 6,000-6,500 6,000-6,500
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Lakhodi dal (100 INR/kg) 5,200-5,300 5,200-5,300 Watana Dal (100 INR/KG) 3,200-3,400 3,200-3,400 Watana White (100 INR/KG) 3,000-3,200 3,000-3,200 Watana Green Best (100 INR/KG) 3,300-3,600 3,300-3,600 Wheat 308 (100 INR/KG) 1,600-1,700 1,600-1,700 Wheat Mill quality (100 INR/KG) 1,650-1,750 1,650-1,750 Wheat Filter (100 INR/KG) 1,550-1,750 1,550-1,750 Wheat Lokwan best (100 INR/KG) 2,200-2,400 2,200-2,400 Wheat Lokwan medium (100 INR/KG) 1,950-2,100 1,950-2,100 Lokwan Hath Binar (100 INR/KG) n.a. n.a. MP Sharbati Best (100 INR/KG) 3,400-4,000 3,400-4,100 MP Sharbati Medium (100 INR/KG) 2,600-2,800 2,600-2,900 Rice BPT best (100 INR/KG) 2,800-3,200 2,800-3,200 Rice BPT medium (100 INR/KG) 2,600-2,800 2,600-2,800 Rice Parmal (100 INR/KG) 1,600-1,800 1,600-1,800 Rice Swarna best (100 INR/KG) 2,100-2,450 2,100-2,200 Rice Swarna medium (100 INR/KG) 1,800-2,200 1,800-1,900 Rice HMT best (100 INR/KG) 3,400-3,800 3,400-3,800 Rice HMT medium (100 INR/KG) 3,100-3,300 3,100-3,300 Rice HMT Shriram best(100 INR/KG) 4,200-4,500 4,200-4,500 Rice HMT Shriram med.(100 INR/KG) 3,600-4,100 3,600-4,100 Rice Basmati best (100 INR/KG) 8,000-10,000 8,000-10,000 Rice Basmati Medium (100 INR/KG) 7,000-7,500 7,000-7,500 Rice Chinnor best(100 INR/KG) 5,200-5,400 5,200-5,500 Rice Chinnor medium (100 INR/KG) 4,600-5,000 4,700-5,000 Jowar Gavarani (100 INR/KG) 1,900-2,200 1,900-2,200 Jowar CH-5 (100 INR/KG) 1,700-1,900 1,700-1,900 WEATHER (NAGPUR) Maximum temp. 32.3 degree Celsius (90.1 degree Fahrenheit), minimum temp. 19.9 degree Celsius (67.8 degree Fahrenheit) Humidity: Highest - n.a., lowest - n.a. Rainfall : n.a. FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 32 and 20 degree Celsius respectively. Note: n.a.--not available (For oils, transport costs are excluded from plant delivery prices, butincluded in market prices.) http://in.reuters.com/article/2015/11/05/nagpur-foodgrain-idINL3N1303DG20151105
11/05/2015 Farm Bureau Market Report Rice High Low Long Grain Cash Bids
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Long Grain New Crop
Futures:
ROUGH RICE High Low
Last Change
Nov '15 1216.0 1216.0 1219.0 +2.0 Jan '16 1248.5 1235.0 1245.5 +1.0 Mar '16 1274.0 1264.0 1271.5 +1.0 1296.5 +1.0 May '16 1320.5 +1.5 Jul '16 1281.5 +1.5 Sep '16 1281.5 +1.5 Nov '16
Rice Comment Rice futures were higher again today. Global production problems have helped support the market since the summer. Traders will begin rolling out of November contracts soon to avoid delivery as the contract expires. January completed a 62% retracement on Thursday to $11.55 and has bounced off support at that level and has put 90 cents back on the market.
Arkansas Farm Bureau Daily Commodity Report Rice High Low Long Grain Cash Bids Long Grain New Crop
Futures:
High Nov '15 1216.0 Jan '16 1248.5 Mar '16 1274.0 May '16 Jul '16 Sep '16 Nov '16
Low 1216.0 1235.0 1264.0
Last Change 1219.0 +2.0 1245.5 +1.0 1271.5 +1.0 1296.5 +1.0 1320.5 +1.5 1281.5 +1.5 1281.5 +1.5
Rice Comment Rice futures were higher again today. Global production problems have helped support the market since the summer. Traders will begin rolling out of November contracts soon to avoid delivery as the contract expires. January completed a 62% retracement on Thursday
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to $11.55 and has bounced off support at that level and has put 90 cents back on the market. http://www.arfb.com/mobile/commodity.aspx
Groups condemn additional rice imports posted November 05, 2015 at 12:01 am by Dexter A. See
ROSALES, Pangasinan—Agricultural groups have condemned the announcement of National Economic and Development Authority director-general Arsenio Balisacan that the agency was proposing the importation of an additional 1 million metric tons of rice for the first quarter 2016. Samahang Industriya sa Agrikultura chairman and Abono Party-list chairman Rosendo So said they would instead prefer an increased budget for crop insurance to broaden the scope of the farmers whose crops were affected by natural calamities.The additional funds would also help in the irrigation of crop fields to sustain the production of rice farmers. ―Instead of justifying the need for another round of rice importation bonanza that are only helping the rice industry of other countries, we appeal to the government to provide all possible incentives to help our rice farmers recover from Typhoon Lando,‖ So stated. According to their statement, imported rice would cost $415 per metric ton. The amount could be channeled to subsidize seeds, farm inputs and irrigation, and the broadened insurance coverage.Sinag and Abono Party-list also demanded the government to increase the budget allotted for Philippine Crop Insurance Corp. The government‘s allocated budget was P1.6 billion. They said that the increase in budget would help the agency in broadening the scope of insurance grantees. http://thestandard.com.ph/news/-provinces/191123/groups-condemn-additional-rice-imports.html
Rice Investors Brace for the Worst as Smugglers Prosper Again 05 Nov 2015 Rice farm Crusoe Osagie Smuggling of rice across the Nigerian borders has reached prohibitive levels, with hundreds of trailers plying back and forth from neighbouring countries carrying illegal shipments of the staple food, THISDAY has learnt. The nation‘s supply gap was estimated at around 3 million tonnes by United States Department of Agriculture (USDA) and half that number by the federal government earlier this year.THISDAY also gathered on Wednesday that legal importers paying full tariff of 70 per cent have not been able to compete with smugglers who enjoy a free ride into the market, aided by negligible tariffs in neighbouring Cameroun and Republic of Benin, taking advantage of porous borders.Market watchers however added that another pertinent problem hamstringing rice
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investors is the Central Bank of Nigeria (CBN) ban of foreign exchange for rice imports, among other products, choking the importation supply chain. Investigations revealed that the resultant shortage in the market is now being exploited by smugglers, who prospered significantly in 2013 when they were able to move in around 2.5 million tonnes through the borders, without paying a single Kobo as import duty.Earlier in 2013, the federal government increased the importation tariff to 110 per cent as against zero duty regime administered in Benin and Cameroun. It was reliably gathered that as the Nigeria Customs Service (NCS) struggles to rope in the smugglers, the market is rapidly filling up with cheap quality rice, frustrating efforts of commercial agriculture by key investors in the rice value chain. Large multinationals including Olam, Stallion Group and Dangote have announced large scale investments in the value chain that are crucial in Nigeria‘s quest to meet a growing annual demand of 6.5 million tonnes per annum. Stallion Group is expanding its capacities to produce 1.5 million tonnes in Nigeria, whilst Dangote has announced plans to farm 100,000 hectares for rice production. Effective curbing of rice smuggling is essential to get these projects to fruition and encourage millions of farmers to get back intensively to rice farming. The National Rice Millers Association of Nigeria (NRMAN), said this week that the Nigerian Customs Service erred in its decision to lift the ban on importation of rice through the land borders. The Chairman of the association, Mohammed Abubakar, said the Customs overreached its statutory mandate as an enforcement agency in taking such a policy decision. Besides, Abubakar said, if the Customs succeeded in its decision, it would destroy Nigeria‘s rice value chain attained by the previous administration.Reports emerged that the huge influx has been noticed in the market from last Saturday, the worst affected being Lagos and the enfire Southwest. Rice arrives in big trailers with 1200-1500 numbers of 50kg bags from Cotonou. There is substantial under-declaration and non-payment aspects in these shipments, making it non-viable for legal importers and local producers to compete with these shipments. The reports noted that several long trailers are noticed during the night time directly plying from Cotonou bearing Benin number plates (RB) into the Daleko and Gcappa markets. Apart from these big trailers, smaller J5 Buses which carry 200 bags each are also used by these unscrupulous smugglers to ship products during the day time, it was gathered.According to investigations,the affected states are Lagos, Ogun, Osun, Oyo, Kwarra, Ondo and Ekiti. Other States adversely impacted are Sokoto, Katsina, Kaduna, Kano, Abuja, Niger and Plateau – all coming in from Cotonou, Niger.Furthermore, rice from Cameroun through Northern Nigeria is
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flooding Adamawa, Borno, Yobe, Taraba, Benue and Enugu. Affected states from the South-east and South-south are Cross River, Akwa-Ibom, Abia and Enugu. Tags: Featured, Nigeria, RICE, Business
http://www.thisdaylive.com/articles/rice-investors-brace-for-the-worst-as-smugglers-prosperagain/224739/
MEXICO READY TO PURCHASE GUYANA RICE FOLLOWING VENEZUELA’S REFUSAL TO RENEW EXCHANGE ACCORD Caribbean Digital Network | November 5, 2015
The Guyana government says Mexico has indicated a willingness to fast track an agreement to purchase paddy rice from the Caribbean country. A statement released by the Office of Prime Minister Moses Nagamootoo said that Mexico‘s Agriculture Minister Jose Calzada has given the assurance that he would fast track arrangements to buy Guyana‘s paddy.(Merco Press) – The statement quoted him as saying that he would also seek to encourage the private sector to enter into contracts with Guyanese millers.Last month, Nagamootoo met with Calzada whilst attending the Open Governance Summit in Mexico City.
The David Granger administration has been seeking new markets after Guyana is recording increased production and a decision by Venezuela not to renew an agreement under which the rice was exported to that country in exchange for energy products.A government statement in Georgetown noted that Guyana‘s production in the first half of 2015 was 359,960 tonnes, 15.3% more than last year‘s record high, first-half production of 312,283 tons.Meanwhile, the Guyana Rice Development Board (GRDB) is conducting an investigation into media reports that ‗fake‘
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seed paddy were being distributed to farmers. Technical advisers within the GRDB say the inferior quality may be as a result from bad storage
http://www.caribbeandigitalnetwork.com/mexico-ready-to-purchase-guyana-rice-following-venezuelasrefusal-to-renew-exchange-accord/
Mandis to receive 40% more paddy this year: Prasad Posted at: Nov 5 2015 12:39AM
Sushil Manav Tribune News Service Fatehabad, November 4 Amidst reports of distress sale of paddy by farmers owing to an indifferent attitude of procurement agencies, SS Prasad, Additional Chief Secretary of the Food and Supplies Department, today visited the Fatehabad grain market and said every grain of farmers‘ crop would be purchased and timely payments be ensured.―We had started procurement of paddy a week ahead of the schedule, but since the arrival of paddy is expected to remain 40 per cent more than last year‘s procurement, farmers are facing a little hardship,‖ he said.Prasad said the total procurement of paddy was 30 lakh metric tonnes (MT) last year, but the procurements had already crossed 38.75 lakh MT this year and was likely to reach 42 lakh MT. Prasad asked officials concerned to ensure that farmers‘ crop was procured at the MSP of Rs 1,450 and not on a lesser amount.Addressing a meeting of officials of the procurement agencies, Prasad said rice millers would be given much more paddy than last year for custom milling, but it was important that mills should deliver custom milled rice (CMR) to the government in time.―The millers have promised to deliver custom miller rice to the government by September next year, but we will make sure that it was delivered by March,‖ he said, adding that Deputy Commissioners would be duty bound to ensure timely delivery of CMR by millers and they would review the progress in weekly meetings.Deputy Commissioner NK Solanki said about 3.98 lakh MT of paddy had arrived in various grain markets of the district so far, which is 69 lakh MT more than total procurement last year. http://www.tribuneindia.com/news/haryana/mandis-to-receive-40-more-paddy-this-yearprasad/154603.html
Mississippi entomologists report on benefits of neonicotinoid seed treatments on rice posted by news on november 4, 2015 - 3:31pm
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According to researchers from Mississippi State University, rice seeds that are pre-treated with neonicotinoid pesticides yield better than untreated crops and suffer less damage from rice water weevil, the most widely distributed and destructive early-season insect pest of rice in the United States. However, the economic benefits of investing in pre-treated seed depend on the level of insect pressure. The results of their study have been published in the Journal of Economic Entomology."There was no observed yield or economic benefit from the use of an insecticidal seed treatment in areas of low pressure," they wrote. However, "All seed treatments showed an economic advantage in areas of high weevil pressure."Determining an "economic threshold" - the pest density at which management action should be taken to prevent an increasing pest population from reaching an economically damaging level -is one of the key concepts of Integrated Pest Management (IPM). This study seems to confirm the validity of economic thresholds. If insect pressure is low, then the cost of the neonic-treated seeds may not be worth paying for; if insect pressure is high, then the money saved by investing in the treated seeds will probably be well worth it. A rice water weevil, Lissorhoptrus oryzophilus, is the most widely distributed and destructive earlyseason insect pest of rice in the United States. Credit: Ken Walker, Museum Victoria, Melbourne Australia, bugwood.org."The problem with rice water weevil is that it does not infest the field until it is flooded, about 3-5 weeks after planting," said Dr. Jeff Gore, one of the co-authors. "Based on most of our research, we see an economic benefit of neonicotinoid seed treatments on 70-80 percent of the rice grown in the state annually. Unfortunately, we are not able to accurately predict which fields will have a significant infestation because of when infestations occur relative to when the crop is planted. As a result, we recommend a seed treatment on all of our rice in Mississippi." http://www.sciencecodex.com/mississippi_entomologists_report_on_benefits_of_neonicotinoid_seed_treatments_on _rice168937?utm_source=USA+Rice+Daily%2C+November+5%2C+2015&utm_campaign=Friday%2C+December+13 %2C+2013&utm_medium=email
USA Rice Daily
USA Rice Welcomes New Rice Stewardship Partnership Coordinator Thursday, November 5, 2015 We've got a 'Hankins' for sustainability ARLINGTON, VA -- Conservation and sustainability are more than buzz words for the U.S. rice industry and to underscore that commitment to these principles USA Rice has hired Josh Hankins as the new Rice
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Stewardship Partnership Coordinator. The coordinator position is funded using technical assistance money provided through the Regional Conservation Partnership Program (RCPP) grant that USA Rice and Ducks Unlimited received earlier this year. Josh is headquartered in Arkansas and will lead efforts to deliver on-theground conservation initiatives, assisting rice producers with increased on-farm energy and nutrient use efficiencies, water and soil conservation, and wildlife management. He will work in close collaboration with the Arkansas Rice Federation and DU's southern region Director of Conservation Programs located in Jackson, Mississippi.Josh has wide ranging work experience in the fields of agriculture, finance, and medicine. He is the founder and owner of Absolute Wildlife, Inc., a company that specializes in nuisance wildlife control, and he also owns a real estate investment company. Josh, his wife, Emily, and their two daughters live in Little Rock. Contact: Deborah Willenborg (703) 236-1444
U.S. Releases Full TPP Text WASHINGTON, DC -- Today, the Office of the U.S. Trade Representative released the full text of the Trans Pacific Partnership agreement (TPP) which was concluded on October 5. "We welcome the release of the TPP text and look forward to examining the rice market access provisions," said USA Rice COO Bob Cummings. "The text is extensive, and we want to verify and understand better the access we've been promised, and to assess the true value of the agreement for the U.S. rice industry."Today's release of the text is the beginning step in eventual congressional consideration of the TPP. President Obama is required to inform Congress 90 days beforehand of his intention to sign the TPP agreement and reports indicate that notification will occur shortly. Formal congressional consideration awaits the president's signature as well as conclusion of an analysis of the effect of the agreement on the economy by the U.S. International Trade Commission (USITC). The USITC has 105 days after the president announces his intention to sign the agreement to complete this analysis. The earliest that Congress's review could begin is likely March 2016 and many believe that action will not take place until after the November 2016 elections. Contact: Michael Klein (703) 236-1458
Weekly Rice Sales, Exports Reported
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WASHINGTON, DC -- Net rice sales of 81,400 MT for 2015/2016 were down 28 percent from the previous week, but up 27 from the prior four-week average, according to today's Export Sales Highlights report. Increases were reported for Mexico (20,500 MT), Haiti (18,600 MT), Colombia (16,900 MT), unknown destinations (10,100 MT), and Taiwan (6,100 MT). Exports of 45,500 MT, down 42 percent from the previous week and 39 percent from the prior four-week average, were reported to Mexico (26,500 MT), Japan (12,100 MT), Canada (2,500 MT), South Korea (1,400 MT), and Jordan (1,100 MT). This summary is based on reports from exporters from the period October 23-29, 2015.
The Mediterranean diet— with a twist 2015-11-05 / On the Town
If you want to take a trip to the Mediterranean but time and obligations won‘t allow it, you can experience the wonderful, exotic tastes and amazing, beautiful atmosphere of Jordan in Thousand Oaks at Petra Mediterranean Cuisine.Nestled in the northeast corner of the Paseo Marketplace on Thousand Oaks Boulevard, the building‘s exterior belies the grand interior of the restaurant designed by owner Ahed Rabadi.Named after a historical Jordanian city built into stone, Petra reflects some of the archaeological origins of that beautiful area with its columns and
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large stained glass homage to the city.―It‘s the eighth wonder of the world,‖ said Rabadi about the city. And he‘s created a local establishment that is wondrous all on its own.The concept took him about a year and a half to bring to fruition, and his attention to detail is noteworthy.DINNER DELIGHT—Above, lamb chops seasoned with black pepper, rosemary and thyme, served with basmati rice and veggies. Below, Petra owner Ahed Rabadi on the job. Courtesy of PetraOpen for six months now, the establishment sports a 7,000-square-foot interior that‘s perfect for large parties and banquets. Think wedding receptions, family reunions or office parties that would make use of the stage for entertainment and the lovely travertine floor for dancing.Within the expansive space, there are cozy seating areas perfect for romantic dinners for two or family nights out. As sleek and sophisticated as the interior is—with its limestone walls, white stone dualfireplace, wine cellar nook and polished 32-foot-long onyx bar with snazzy illuminated backdrop bar area for bottles—the large, 1,100-square-foot patio remains rustic and charming with columns, waterfalls and lush plants.So no matter what kind of atmosphere you‘re seeking, you‘ll certainly find it at Petra. And all of this even before you taste the delicate and wonderfully spiced flavors of its fine, authentic Mediterranean cuisineabadi himself has developed all the recipes.―I learned cooking from my mom,‖ he said, and he‘s added his own twist to what‘s become known in the western world as the healthy Mediterranean diet.This is a restaurant where carnivores and vegetarians alike can dine in complete accord. prepared appetizers, including the doughnutshaped falafel made with garbanzo beans, onion, parsley and spices. Rabadi explains that each city in the area, including Jordan, Palestine, Syria and Lebanon, offers similar food, but the spices used in the dishes differ slightly, as do some of the names. Moutabal and baba ganoush, for example, are both appetizers made from grilled eggplant. The Petra version is sublime, a must-have delight that is smoky with a touch of garlic, onion, sesame oil and lemon juice.Rabadi makes sure that only the finest ingredients are used in his dishes, like expensive oils, tahini, clarified butter and homemade yogurt, as well as spices and products he has shipped directly from Jordan so his customers get the true taste of his homeland. From the first bite of an appetizer, which might include tasty homemade pita bread that you can dunk into hummus, zucchini dip or a lovely oil with thyme blend, to any item on the menu, your taste buds will delight in this fine Mediterranean cuisine.Try a dish of fresh tabouli, made from parsley, onion, cu- cumber, lemon and tomato. The maqluba with rice is a must-try for the newcomer to this cuisine.Lamb lovers will appreciate lamb chops or the popular mansaf, a traditional Jordanian dish made with lamb shank cooked in fermented, dried yogurt sauce and served with rice.The rice is some of the best I‘ve tasted, light yet complex and beautiful to look at: saffron-tinged grains topped with slivered almonds and pine nuts.Be prepared to receive ample portions of everything at Petra.―This is the Jordanian way,‖ said Rabadi. ―We‘re very generous with food.‖In addition to live music during the week, there will soon be a belly-dance show and a piano bar. Petra Mediterranean Cuisine is at 3731 E. Thousand Oaks Blvd. For more information, call (805) 497-6767 or go towww.petrarestaurantla.com The acron
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