Wednesday, July 15, 2015

13th July(Monday),2015 Daily Global Rice E-Newsletter by Riceplus Magazine

UNISAME REMINDS COMMERCE MINISTER TO ADDRESS BARTER, CURRENCY SWAP, BORDER, e-COMMERCE & TRANSACTION COST IN TRADE POLICY

The Union of Small and Medium Enterprises (UNISAME) urged federal commerce minister Engineer Khurram Dastagir to ensure the trade policy is well aligned and comprehensive to include and promote barter trade, currency swaps, border trade and measures to curb increasing transaction cost.President UNISAME Zulfikar Thaver invited the attention of the federal minister to the proposals submitted by UNISAME through the Small and Medium Enterprises Development Authority (SMEDA) and reminded him of the importance of the ministry's best consideration for the proposals from the majority sector.
Thaver pointed out that the ministry of commerce ( MINCOM) cannot afford to ignore the barter trade in view of the changing global practices and the crisis being faced by the commodities market. Many industries of rice, wheat, maize,spices, food processing and cotton ginning have closed down due to the global commodities crisis.  MINCOM also needs to facilitate third country trading whereby Pakistani entrepreneurs could secure orders of goods manufactured by other countries and sell them to their customers in another country. The entrepreneurs need the facility of switching the bill of lading and opening back to back letter of credit. There is no gateway facility for e-Commerce and the opening of merchant account and its maintenance is very high in Pakistan as only very few banks are offering this facility in Pakistan.
Secondly the MINCOM needs to work hard on the currency swap agreements with the neighbouring friendly countries to promote handsome trade.Thirdly the MINCOM needs to facilitate the border trade to puncture the benefits of smuggling.Fourthly the transaction cost has become unaffordable due to the advising, discounting and negotiation charges of banks and documentation charges of shipping companies. Even the courier charges are beyond comprehension.Fifthly the role of the Trading Corporation of Pakistan (TDAP) and the Trading Corporation of Pakistan (TCP) must be revisited and reinforced on modern lines. The TDAP needs to set up the SME export house with complete infrastructure to promote the export of wares of the sector.

UNISAME had earlier recommended to MINCOM to make doing business easy and implement the one window operation in letter and spirit. Needless to say the overseas Pakistanis and foreign investors are looking forward to incentives and tax exemptions for innovative and import substitution industries besides agro based industries.Now that the law and order situation has improved and the government is endeavouring to improve the energy supplies with alternate energy especially the solar programme, the investors are inclined to invest in Pakistan to set up industries and effort must be made to facilitate them.

Farmers threaten to launch protest drive


Kisan Ittehad wants TCP to procure cotton, rice.—Online/File
Description: Description: Kisan Ittehad wants TCP to procure cotton, rice.—Online/FileLAHORE: Pakistan Kisan Ittehad has threatened to “storm Lahore, hold a big protest rally and stage a sit-in in front of the Punjab Assembly,” if the government does not reign in cost of production or announce support price of cotton and rice.Talking to newsmen on Saturday, its President Khalid Khokhar demanded that the Trading Corporation of Pakistan (TCP) procure both the crops at officially declared price and it must purchase at least four to five million bales of cotton and around one million ton rice.
Khokhar insisted that the ever-increasing cost of production had destroyed economy of farmers, pushing millions more below the poverty line. “The farmers of cotton, rice and cane, on average, are losing around Rs75,000 per acre every year because of gap between cost of production and price of sale,” he claimed.He said: “The cotton production costs farmers around Rs3,235 per maund, whereas it fetches only Rs2,200 per 40 kilo. Similarly, the gap between investment and income in case of paddy is around Rs700 per maund. The cane is sold at Rs180 per maund against its cost of production of Rs202 per 40-kg. The cumulative loss of these crops turned out to be Rs74,800 if calculated at yield of 26 maunds for cotton, 35 maunds for rice and 750 maunds for cane. Even these yield figures are higher than national average, and only better farmers touch them. Even this higher figure does not reduce the quantum of loss.”
________________________________________
Kisan Ittehad wants TCP to procure cotton, rice
________________________________________
Because of these high losses, the farmers are left with no option but to either press the government for action or resort to protest, he said, adding: “The government can still retrieve the situation by abolishing general sales tax on inputs and straightaway bring the cost of production down by 17pc.”Secondly, Khokhar said, the government should design the subsidy package in a way that the entire farming community benefits from them, instead of a selected few. Thirdly, for immediate relief to farmers, it must induct TCP into procurement of cotton and rice so that market sentiment could be stabilised on the higher side. Unless, the government takes these steps to save farmers and farming in the country, the growers would be pressed hard for agitation.
The situation is turning dire for the farming community, as shown by the figures above. For how long the government expects farmers to lose money on farming, he wondered.One should not forget that all three crops are so-called cash crops, which are supposed to sustain life for farmers and also enable them to invest in food crop. With cash crops turning into a loss-making effort, the food crops are bound to suffer and generate bigger social crisis in the country by threatening food security, he said.The farmers leader warned the PML-N that if growers continue losing money on every crop, it should get ready for different results of the local bodies elections, which it plans to hold this September.
The farmers have been taking to the streets regularly. It is time for the government to come up with a rescue package for farmers. Otherwise, the farmers are determined to take out even bigger protest rallies after Eid, he warned.Published in Dawn, July 12th, 2015http://www.dawn.com/news/1193966
NFA-XI appeals for calm on fake rice reports
 July 13, 2015  PIA 11-Joey Sem G. Dalumpines
DAVAO CITY, July 13 (PIA) Authorities in the grains sector appealed to the public that there is no cause for alarm on reports about fake rice.Dianne Silva, regional manager of the National Food Authority said there is no need to panic since nothing is still conclusive on the laboratory checks on rice complained to be fake.“So far only the rice complained about as fake showed a contaminant while other samples showed negative result,” she said.
Silva said a special investigation task force formed by the police to look into the problem failed to see questionable rice in the market.She said even the Chinese rice retailers denied selling fake rice in the market citing that fake rice is more expensive to produce than the natural rice.Silva said eight laboratory tests were performed by the Food Development Center of the NFA national office on two batches of suspected fake rice samples from the complainant.
“Since samples were cooked, there was no difference b letween the suspected fake rice and the NFA rice based on microscopic analysis.  In terms of appearance, the fake rice is more chalky white while the NFA rice is creamy white.  Both samples were positive for starch based on iodine test,” she said.Silva said based on the test for contaminants, the NFA rice had none while the complained rice contained dibutel thalate, a chemical used for binding plastic packaging.She said investigators are looking into the food handling which might have contaminated the rice complained as being fake.Pablo Gonzales Jr., president of the Grains Retailers Confederation in Davao Region urged rice retailers to report questionable rice to authorities.
He questioned the motive of spreading the rumor about the fake amid the abundance in the supply of rice in the region given its low price.I urge retailers to sell only your own stocks to the market,” Gonzales said.  (PIA 11-Joey Sem G. Dalumpines)
: http://news.pia.gov.ph/article/view/2381436754140/nfa-xi-appeals-for-calm-on-fake-rice-reports#sthash.g0Jr2jB6.dpuf

Japan, U.S. resume working-level TPP talks

July 09, 2015
Jiji PressTOKYO (Jiji Press) — Japanese and U.S. government officials resumed their talks related to Trans-Pacific Partnership multilateral free trade negotiations in Tokyo on Thursday, seeking breakthroughs on differences over “sensitive” rice and auto parts trade.Tokyo and Washington will hold the working-level talks through Friday, ahead of the upcoming ministerial meeting of the 12 TPP-negotiating countries.The 12 countries, including Japan and the United States, aim to reach a broad agreement at the four-day ministerial meeting in Hawaii from July 28.
A focal point of the resumed Japan-U.S. talks is whether the two major economies can find common ground on the issues of Japan’s import quota for U.S. rice and U.S. tariff abolition for Japanese auto parts, sources familiar with the situation said.Hiroshi Oe, Japan’s acting chief TPP negotiator, is taking charge of negotiations on agricultural trade and Takeo Mori, economic diplomacy ambassador, on auto parts trade.
The U.S. team is headed by Acting Deputy U.S. Trade Representative Wendy Cutler.Oe told reporters Thursday morning that he wants to help the TPP ministers strike a deal by successfully concluding the working-level talks with the United States.Japan has proposed to set up a special quota for importing U.S. rice for direct human consumption instead of keeping tariffs on the staple food for Japanese people, but the two sides have yet to agree on the quota’s size.Tokyo aims to limit U.S. rice imports to 50,000 tons a year, but Washington demands a larger amount, the sources said.In the auto parts field, the two countries have been at odds over the scope and speed of tariff elimination by the United States.
Description: Description: https://the-japan-news-archives.s3-ap-northeast-1.amazonaws.com/preview/entries/130893/materials/340397/DTMANAGE.000000020150709133348205-1.jpg?AWSAccessKeyId=AKIAI7EPFDYX6SSPYKKQ&Expires=1436922221&Signature=sgiU6bETsx3waFQ22gt7EjD3VfY%3D
Pool photo/The Yomiuri Shimbun
Hiroshi Oe, Japan’s acting chief TPP negotiator, right, shakes hands with U.S. Acting Deputy Trade Representative Wendy Cutler at the Foreign Affairs Ministry in Tokyo on Thursday morning.

http://the-japan-news.com/news/article/0002276820

 

Rice traders call for rotten rice auction

PETCHANET PRATRUANGKRAI
THE NATION July 13, 2015 1:00 am
RICE traders have urged the government to rush to hold an auction for 1.29 million tonnes of rotten rice from its stockpiles while demand in the market is high during the drought."Instead of opening bidding for biogas or ethanol production, rotten rice could be produced as feedmeal. The government should urgently release its rice in the meantime to clear out stocks," a rice trading source said last week.The government should allow general bidders, not just bidders for biogas or ethanol production, as many industries also want rotten rice.
If the government opens bidding to general traders, it should get a better price than by selling to just biogas or ethanol producers.Rotten rice or Grade C rice should be trading at Bt4-Bt5 a kilogram. If the government only sold the rice for biogas production, the price could be bargained down to only Bt1-Bt2 a kilo.The government should not be overly concerned that rice traders will mix rotten rice with rice for consumption, since they are also worried about their rice's quality and would not risk destroying their brand and company image, the source added.Manut Kijprasert, president of the Thai Rice Mill Association, said the drought has driven up demand for rice, so it is a good time for the government to accelerate the release of rice.The price has kept on going up during the past month since the drought hit, he said.According to the association, as of Friday, white paddy rice was quoted at Bt8,200 a tonne and jasmine rice (Thai Hom Mali rice) at Bt13,000-Bt15,000 a tonne.
The export price of 5-per-cent white rice has climbed to $390 a tonne from $381 a tonne in one week, and of Thai Hom Mali rice from $1,037 a tonne to $1,046 a tonne



http://www.nationmultimedia.com/business/Rice-traders-call-for-rotten-rice-auction-30264304.html

Drought and China’s rice deal send paddy price up by 1,000 baht/tonne

BY EDITORON 2015-07-13THAILAND
Drought and China’s rice deal send paddy price up by 1,000 baht/tonne
Description: Description: 13-7-2558-14-19-44-wpcf_728x408.jpg
BANGKOK: — Drought and rice export commitment with China have driven the price of paddy by about 1,000 baht per tonne, said Mr Manas Kitprasert, president of Thai Rice Millers Association, on Monday.
He explained that drought has damaged many rice farmland and was expected to substantially cut main-crop paddy production. The cutback in production plus the commitment to deliver one million tonnes of milled rice to China under government-to-government deals have driven up the price of paddy to an average of 1,000 baht per tonne. Latest paddy prices in the rice market are as follows: 8,200-8,700 baht per tonne for white rice with 15 percent humidity compared to about 7,000 baht/tonne about three weeks ago; 12,500 baht per tonne of 5% white rice compared to 11,000-11,500 baht/tonne; 13,000-15,000 baht per tonne of Hom Mali; 13,000 baht/tonne of Hom Pathum rice.Export (FOB) prices are as follows: US$1,046 per tonne of Hom Mali rice; 5% white rice, US$390 per tonne; 100% parboiled rice, US$399.
Source: http://englishnews.thaipbs.or.th/drought-and-chinas-rice-deal-send-paddy-price-up-by-1000-bahttonne


India's rice exports may drop by 20% in 2016: FAO

By PTI | 13 Jul, 2015, 07.58PM IST

By PTI | 13 Jul, 2015, 07.58PM IST
Description: Description: Description: India, the world's biggest rice producer after China, is estimated to export about 10 million tonnes of rice this year, same at last year's level, as per the industry data.India, the world's biggest rice producer after China, is estimated to export about 10 million tonnes of rice this year, same at last year's level, as per the industry data.NEW DELHI: India's rice exports may decline by 20 per cent in 2016 due to tight supplies and growing domestic demand, according to the UN body FAO. India, the world's biggest rice producer after China, is estimated to export about 10 million tonnes of rice this year, same at last year's level, as per the industry data.
 "All exporters are expected to step up their rice deliveries in 2016, except India, where a tightening of supplies and growing domestic requirements are foreseen to result in a 20 per cent contraction in rice shipment," Food and Agriculture Organisation (FAO) said in its latest report on world crop prospects. Lower exports in India are expected to be offset by increased exports from Thailand and Vietnam. India is expected to harvest 103.5 million tonnes of rice in 2015, it said. Global rice output is estimated to be lower at 499.3 million tonnes this year, while world trade in rice in 2016 is pegged at 42.1 million tonnes, it added. FAO also said that global rice prices have been on decline for last ten months and much of the fall has been witnessed in aromatic rice.
Rice prices have softened in India, Vietnam, Thailand as well as in the America. For instance, the export price of Thai rice fell to $385 per tonne in June from $419 per tonne in the year-ago period, it added. According to the FAO, world crop prospects look positive this year despite continuing apprehensions over El Nino. But those global price trends and favourable prospects for world cereal production mask localised hotspots of food insecurity, the report also cautioned. "Some 34 countries worldwide, including 28 in Africa -- many hosting large numbers of refugees -- are in need of external assistance for food," it said.
http://economictimes.indiatimes.com/news/economy/agriculture/indias-rice-exports-may-drop-by-20-in-2016-fao/articleshow/48057718.cms



18% growth in rice trading volume


Tehran, July 11, IRNA - During the week ending up to 9th July, while Iran Mercantile Exchange was the host for trading of 267 KT of various commodities worth more than 148 million USD in spot market, the rice group experienced 18% growth in volume of trading.According to the report from IME international affairs and PR, during this week in agricultural trading floor, 5,780 MT of sugar, 100 MT of maize as well as 1,130 MT of rice were traded.

Moreover, in Domestic and Export metals and minerals trading floor of IME, 55 KT of products worth more than 46 million USD were traded. In this trading floor, 48 KT of steel sections, 4,530 MT of copper, 100 MT of Molybdenum Concentrate, 1,520 MT of Aluminums as well as 200 MT of coke were traded by customers.Also, in Domestic and Export oil and petrochemical trading floor of IME, 206 KT of different commodities with the total value of 96 million USD were sold. Also, 74 KT of bitumen, 28 KT of polymer products, 78 KT of VB, 8 KT of lube-cut, 15 KT of chemical products, 740 MT of insulation, 2,560 MT of sulfur and 40 MT of argon were traded in this trading floor.

http://www.zawya.com/story/Iran_18_growth_in_rice_trading_volume-ZAWYA20150712073504/

Rain damages 30k kilos rice in FCI godowns (AIREA - All India Rice Exporters Association)

Posted, 2015-07-13
(Source: AIREA - All India Rice Exporters Association) BARASAT: A huge quantity of rice stored in FCI (Food Corporation of India) godowns in North 24-Parganas Bongaon was damaged after water entered the godowns following heavy rainfall on...

http://article.wn.com/view/2015/07/13/Rain_damages_30k_kilos_rice_in_FCI_godowns_AIREA_All_India_R/




Monsoon depression brings rain to East, N-W India

VINSON KURIAN
1
Description: Description: http://www.thehindubusinessline.com/multimedia/dynamic/02460/BLink_Mumbai_Rains_2460760f.jpg

THIRUVANANTHAPURAM, JULY 10:  
Thursday’s low-pressure area over Gangetic West Bengal flared up to become a rare land-based depression and was located above north Chhattisgarh and adjoining Jharkhand on Friday evening.It helped drive the monsoon to a peak over east India and parts of northwest India. It also breathed fresh life into the offshore trough along Kerala and Karnataka, bringing rain there as well.
Interactive rain
India Met Department said that the depression might weaken by Saturday, but the US Climate Prediction Centre stated that it would continue to produce rain over east and adjoining northwest for a few days more.There is also the possibility of interaction of the system with an incoming western disturbance, which was parked over north Pakistan and adjoining Jammu and Kashmir on Friday.Already south-westerly flows from the Arabian Sea and easterlies from the Bay of Bengal are running into each other over the eastern flanks of northwest India, along the hills and plains.Very heavy rain has been reported from Jammu & Kasmhir, Himachal Pradesh, east Madhya Pradesh, Gangetic West Bengal, Jharkhand, Chhattisgarh and coastal Karnataka overnight on Friday morning.
Even more forecast
The Met has forecast very to heavy rainfall for the next four days across north-east India, east India and adjoining north-west India and along the west coast.This would come about under the overall influence of west Pacific typhoon Chan-hom bracing to home in over east China as also twin-typhoon Nangka, which is still raging in the open west Pacific Ocean.The European Centre for Medium-Range Weather Forecasts depicts how Nangka would take over from Chan-hom and pull monsoon flows across the Arabian Sea, the Bay of Bengal and South China Sea.
http://www.thehindubusinessline.com/industry-and-economy/agri-biz/monsoon-depression-brings-rain-to-east-nw-india/article7408171.ece

Rain damages 30k kilos rice in FCI godowns
AIREA - All India Rice Exporters Association
13/07/2015 | News release
BARASAT: A huge quantity of rice stored in FCI (Food Corporation of India) godowns in North 24-Parganas Bongaon was damaged after water entered the godowns following heavy rainfall on Thursday night. The district officials came to know about it only after an inspection on Saturday.According to sources, nearly 300 quintals (30,000 kgs) rice worth rupees several lakhs were completely damaged. "The damaged rice, kept in 600 sacks, could not be distributed among the ration dealers. The sacks, which are still intact, will be sent back to the dealers. We have discussed the matter with the state food minister," a senior district official said, adding that the godowns are being emptied on an emergency basis.State food minister Jyotipriya Mallick, though, said that "the damaged rice can be used as cattle food". He also asked his officials to immediately clear the water from the godowns.
On Sunday, five fire engines were pressed into service to drain the water out of the godowns . Locals have blamed the callousness of the administration for the loss."Officials are aware of the situation. This is a regular phenomenon in Bongaon in monsoon. Besides, areas surrounded by rivers like Ichamati, Raimangal and Vidyadhari are also flooded. There is no drainage system in the areas that house the godowns . Officials know about this but still stock rice in these godowns," said Sukumar Mondal, a resident of Bongaon. Locals also apprehended that the damage can trigger a crisis of rice in the ration shops. In 1970, four godowns were set up by the state food department in the Bongaon station area for storing rice. Thursday's rain damaged rice in two of the godowns.
The food minister also visited the godowns on Saturday. But, he was in a damage-control mode on Sunday. "The damaged rice will be sent back to traders from whom it was purchased. The traders can sell it as cattle food," Mallick said.The minister also blamed the Left Front government for poor condition of the FCI godowns. "These were built during the Left regime without any planning. During the construction of the godowns, no drainage system was developed," he alleged.
Source : http://bit.ly/1CzqhvH
http://www.noodls.com/view/998A0DE1F9F8E789008AA6EF3813881BBC4D9A59?5314xxx1436778777#sthash.kUftPBIT.dpuf

Iraq launches a tender to provide it with 30 thousand tons of rice


The Iraqi Ministry of Trade announced on Sunday launching a tender for processing 30,000 tons of rice to cover the requirements of the ration card from American - Uruguay - Argentine and Indian origins according to the specifications approved by the General Company for Grain Trade.
The ministry said in a statement that offers will continue till 21 of this month on condition that the presentations to be accompanied by an initial insurances BIDBOND by a guaranteed bank or a certified check for the General Company for Grain Trade in the Ministry as well as other documents.The statement called those wishing to participate in the tender to review contracts department in the ministry to buy the requirements and specifications in exchange of paying of five hundred thousand dinars for each tender to be non-refundable to submit bids not later than twelve o'clock at noon of Wednesday on the 15th of current month.
https://www.zawya.com/story/Iraq_launches_a_tender_to_provide_it_with_30_thousand_tons_of_rice-ZAWYA20150713043336/

Venezuela will stop buying Guyana rice amid escalating border dispute


Venezuela has decided to stop buying much of Guyana's rice crop amid an escalating border dispute between the two neighboring countries, the Guyanese finance minister said. The administration of president Nicolas Maduro has in the past four years purchased about 40% of Guyana's rice production, about 200,000 tons, paying for it with oil that amounts to about half of Guyana's daily supply needs.
Description: Description: President Granger said Guyana does not have the military capacity to challenge Venezuela and his government would seek an international judicial settlement
Finance Minister Winston Jordan said Venezuelan officials informed him during a visit to Caracas that they will be acquiring rice from other suppliers, including Suriname, by the end of the year.“It will be a significant blow to us,” said Peter DeGroot, president of the Rice Millers Association.The exchange of rice for oil was done under the Petrocaribe program, a Venezuelan initiative that provides fuel at generous financial terms to Caribbean and Central American countries. Guyana remains a member of Petrocaribe and will continue to buy oil from Venezuela, Jordan said.Jordan said Venezuela did not disclose the reason for its decision, but the long-running border dispute has been heating up following the recent disclosure of a major oil discovery off Guyana in waters that Venezuela also claims. President Maduro last week announced he was recalling his ambassador in Guyana for consultations and would review relations between the countries.
Description: Description: Guyana Prime Minister Moses Nagamootoo said the timing of the rice announcement made it at least appear that it is connected to the border fight.Description: Description: Finance minister Jordan said Venezuelan officials informed him that they will be acquiring rice from other suppliers, including Suriname, by the end of the year.Venezuela has long refused to recognize a boundary drawn in 1899 and it claims about two-thirds of Guyana's territory as its own. Venezuela published a new map in May that expanded its maritime territory to essentially leave Guyana landlocked.Guyana Prime Minister Moses Nagamootoo said the timing of the rice announcement made it at least appear that it is connected to the border fight.“It will have to be considered whether Venezuela's position of the non-renewal of the Petrocaribe barter agreement is indeed an act of economic sanction against Guyana,” he said in a statement.
President David Granger told Parliament that Guyana does not have the military capacity to challenge Venezuela and his government would seek an international judicial settlement over the border issue.“Guyana has never used aggression against any state,” said Granger, a retired army general. “In as much as we are a peace loving state we will not allow our territorial integrity to be violated and threatened.”
Images|: Finance minister Jordan said Venezuelan officials informed him that they will be acquiring rice from other suppliers, including Suriname, by the end of the year.
Guyana Prime Minister Moses Nagamootoo said the timing of the rice announcement made it at least appear that it is connected to the border fight.
President Granger said Guyana does not have the military capacity to challenge Venezuela and his government would seek an international judicial settlement
http://en.mercopress.com/2015/07/13/venezuela-will-stop-buying-guyana-rice-amid-escalating-border-dispute?utm_source=feed&utm_medium=rss&utm_content=economy&utm_campaign=rss

Cost to grow rice falls 30% spurred  by free trade pact
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Description: Description: http://www.dominicantoday.com/image/article/31/209x400/0/180A6A70-00F9-4440-8A54-9AC2C287194A.jpegSanto Domingo.- The cost to grow rice has fallen by 30% on half of local production in the last three years, as the result of a process that will ensure the sector's competitiveness when the tariff of CAFTA free trade pact is lifted. Agriculture Bank (Bagricola) administrator Carlos Segura said that when producer was using 20 pounds of seed per 630 per square meter on average, now uses only six pounds, by eliminating tillage, soil leveling and by planting in bulk, “considerably reducing production costs.”He stressed the improved equipment used to prepare soil throughout the production process, saving 27 pesos per sack of rice.
He said Bagricola finances, promotes and develops rice production with loans to the subsector. “In recent years this institution formalized RD$976.8 million in loans to rice farmers, or 58.5% compared with those targeting other agricultural items, and the funding allowed to cover a surface of more than 72,000 hectares of the grain.”
http://www.dominicantoday.com/dr/economy/2015/7/13/55713/Cost-to-grow-rice-falls-30-spurred-by-free-trade-pact
APEDA India News
International Benchmark Price
Price on: 10-07-2015
Product
Benchmark Indicators Name
Price
Apricots
1
Turkish No. 2 whole pitted, CIF UK (USD/t)
5975
2
Turkish No. 4 whole pitted, CIF UK (USD/t)
5375
3
Turkish size 8, CIF UK (USD/t)
4375
Sultanas
1
Australian 5 Crown, CIF UK (USD/t)
2966
2
South African Orange River, CIF UK (USD/t)
2600
3
Turkish No 9 standard, FOB Izmir (USD/t)
2250
White Sugar
1
CZCE White Sugar Futures (USD/t)
825 
2
Kenya Mumias white sugar, EXW (USD/t)
690
3
Pakistani refined sugar, EXW Akbari Mandi (USD/t)
624
Source:agra-net
For more info
Market Watch
Commodity-wise, Market-wise Daily Price on 11-07-2015
Domestic Prices
Unit Price : Rs per Qty
Product
Market Center
Variety
Min Price
Max Price
Jowar(Sorgham)
1
Amreli (Gujarat)
Other
1125
2300
2
Theni (Tamil Nadu)
Other
2650
3300
3
Kalyan (Maharashtra)
Other
1600
1800
Maize
1
Dehgam (Gujarat)
Other
1150
1250
2
Dhing (Assam)
Other
1350
1450
3
Theni (Tamil Nadu)
Other
1380
1480
Mango
1
Bonai (Orissa)
Other
2000
3000
2
Zira (Punjab)
Other
2300
2700
3
Manjeri (Kerala)
Other
3300
3500
Brinjal
1
Surat (Gujarat)
Other
1000
3000
2
Gumla (Jharkhand)
Other
2000
2200
3
Manjeri (Kerala)
Other
1100
1400
Source:agra-net
For more info
Egg
Rs per 100 No
Price on 11-07-2015
Product
Market Center
Price
1
Pune
330
2
Chittoor
343
3
Nagapur
285
Source: e2necc.com
Other International Prices
Unit Price : US$ per package
Price on 10-07-2015
Product
Market Center
Origin
Variety
Low
High
Onions Dry
Package: 50 lb sacks
1
Atlanta
Mexico
Yellow
23
24
2
Baltimore
California
Yellow
26
26
3
Detroit
Texas
Yellow
21
22
Cauliflower
Package: cartons film wrapped
1
Atlanta
California
White
19
19.75
2
Baltimore
Mexico
White
15
15
3
Detroit
Michigan
White
13
15
Grapes
Package:  18 lb containers bagged
1
Atlanta
Mexico
Red Globe
23.50
24.75
2
Baltimore
Mexico 
Red Globe
22
24
3
Miami
Mexico
Red Globe
26
27
Source:USDA

U.S. Rice Advertising in Ghana Takes Off
 ACCRA, GHANA--
Amidst an influx of cheap food imports from Asia and other origins, the USA Rice-led Global Based Initiative (GBI) here began a rollout of large format billboards and radio spot advertising in three major cities to raise awareness and create demand for participating U.S. food products: rice, poultry, and peanuts.
 The billboard and radio campaign, planned over a six-month period in Accra, Kumasi, and Takoradi, complements other ongoing activities among artisanal foodservice providers within the major economic hub known as the "Golden Triangle".The family bond is extremely important to Ghanaian consumers, and the GBI's generic billboard messages play on this and create a linkage between family and the strong attributes of U.S. food products: healthy, nutritious, and delicious.
 The radio component of the campaign follows the creative concepts of the billboards, further leveraging industry messaging.  The ads are in English and Twi, (the most dominant local language spoken by 78% of the population).Billboard and radio are the strongest channels for awareness creation and demand stimulation in Ghana because road transport accounts for more than ninety percent of commuting within cities, and FM radio is pervasive in Ghana.
 Contact:  Eszter Somogyi 011-49-40-4503-8667
USA Rice Federation
Crop Progress:   2015 Crop 30 Percent Headed   
WASHINGTON, DC -- Thirty percent of the nation's 2015 rice acreage is headed, according to today's U.S. Department of Agriculture's Crop Progress Report

Rice Headed, Selected States 
Week Ending
State
 July 12, 2014  
July 5, 2015  
July 12, 2015
2010-2014 average
Percent
Arkansas
13
14  
18
15  
California
8
16  
17
2
Louisiana
70   
66
75
63
Mississippi
24
25
32 
31
Missouri
11
12
22 
Texas
46
43
54 
52
Six States
23  
25
30
22


CME Group/Closing Rough Rice Futures   
CME Group (Preliminary):  Closing Rough Rice Futures for July 13
Month
Price
Net Change

July 2015
$10.705
- $0.150
September 2015
$10.935
- $0.150
November 2015
$11.210
- $0.145
January 2016
$11.475
- $0.145
March 2016
$11.635
- $0.145
May 2016
$11.815
- $0.135
July 2016
$11.815
- $0.135

USA Rice Federation

Rice annual exports to fall short of target

13 Jul 2015 at 12:31 WRITER: REUTERS
The Thai rice export association lowered its annual target from 10 million to 9.5 million tonnes on Monday, due to a slowdown in the global economy and fears that drought in Thailand could slash output for the year.Chukiat Opaswong, honorary president of the Thai Rice Exporters Association, said Thailand would face a tougher export market due to a global slowdown in trade and fluctuating exchange rates.He added that concerns over the drought on Thailand's rice production have boosted export prices and could drive buyers to Thailand's competitors.
The wet or monsoon season is under way, but Thailand is contending with drought conditions in six out of 67 provinces, according to the National Disaster Warning Centre, and water rationing is taking place in almost a third of the country.Farmers in Thailand, the world's second-biggest exporter of the grain after India, are growing increasingly desperate and in some provinces are fighting over precious water.Mr Chukiat said Thailand exported 4.3 million tonnes of rice as of June 20.
"In the first half of the year we thought we could export 4.5 million tonnes but by June 20 we were at 4.3 million tonnes," Mr Chukiat told Reuters."We are still waiting for the full first half figures but our target for the year was 10 million tonnes and if you take several factors into consideration we expect it to be lower," he said.As a result of the drought, the Thai government has lowered its forecast for this year's main rice crop by more than 2 million tonnes, according to a report this month by the Office of Agricultural Economics.That has driven up demand on domestic markets, enabling the government to sell 1.15 million tonnes at its latest tender, a bigger volume than in other recent offerings.Buying has picked up from African countries who fear prices will go up soon because of drought and lower output, said one Bangkok-based trader."The African market remains an important market for Thailand especially rice and parboiled rice," said Mr Chukiat. 


http://www.bangkokpost.com/news/general/620972/rice-annal-exports-to-fall-short-of-target

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