American Journal Challenges Validity of a Golden Rice Study
Aug 04, 2015
The American Journal
of Clinical Nutrition (AJCN) has challenged the validity of a 2012 study on
Golden Rice, because of not receiving sufficient evidence on the results of the
study, according to the Ecologist.The AJCN noted that since it did not receive sufficient
evidence of consent from parents of the children who were involved in the
children, it has issued a retraction to the paper.
Experts say the study may also be questioned as the children in the trial were fed with diets that were unrealistically high in fat because the effectiveness of Vitamin A could be noticed only with high amount of fat. However, the AJCN has not considered this argument for retracting the study.
Genetically modified golden rice is considered to be rich in beta carotene, which is useful in treating Vitamin A Deficiency in children. Environmentalists across the world have been opposing the cultivation and commercialization of golden rice due to its negative impact on environment. Currently the Indian Rice Research Institute (IRRI) is working to commercialize golden rice as soon as possible.
Experts say the study may also be questioned as the children in the trial were fed with diets that were unrealistically high in fat because the effectiveness of Vitamin A could be noticed only with high amount of fat. However, the AJCN has not considered this argument for retracting the study.
Genetically modified golden rice is considered to be rich in beta carotene, which is useful in treating Vitamin A Deficiency in children. Environmentalists across the world have been opposing the cultivation and commercialization of golden rice due to its negative impact on environment. Currently the Indian Rice Research Institute (IRRI) is working to commercialize golden rice as soon as possible.
Drought Damages 19% of Rice Crop in 22 Central Thai Provinces, Says Deputy
Prime Minister
Aug 04, 2015
Drought
and water shortages have damaged around 1.5 million rai (around 240,000 hectares)
of main rice crop, or around 19% of 8 million rai planted (around 1.28 million
hectares) in nearly 22 provinces of Central Thailand, Bloomberg quoted the
Deputy Prime Minister as saying. The main rice crop contributes to around
70% of the country's total rice outputThe Minister told reporters that farmers
usually plant rice in around 57 million rai (around 9.12 million hectares)
across Thailand between May and October citing data from the Office of
Agricultural Economics (OAE).
He
noted that the government would assist farmers after assessing the intensity of
damage. Last month, the Office of Agricultural Economics (OAE) has
estimated that the output from 2015
main rice crop to decline
about 14% to around 23.3 million tons from around 27.1 million tons last year.
Oryza Afternoon Recap - Chicago Rough Rice Futures Continue Back-and-Forth
Trading Pattern as Market Searches for Direction
Aug 04, 2015
Chicago rough rice
futures for Sep delivery settled 6 cents per cwt (about $1 per ton) higher at
$11.455 per cwt (about $253 per ton). The other grains finished the day with
mixed results; Soybeans closed about 0.7% higher at $9.4225 per bushel; wheat
finished about 1.1% lower at $4.9325 per bushel, and corn finished the day
about 0.6% higher at $3.7875 per bushel.
U.S.
stocks traded mostly lower on Tuesday as investors eyed a continued sharp
decline in Apple and a slight recovery in oil prices after the prior day's
plunge. The major averages traded in a range, holding mildly lower after
fluctuating around the flatline throughout the morning. The energy sector gave
up early gains despite recovery in oil. Energy stocks fell 2% Monday, following
a more than 3.5% drop in West Texas Intermediate crude futures and 4.5% decline
in Brent futures, which fell below $50 per barrel for the first time since the
end of January. On the data front, June factory orders figures showed an
increase of 1.8%.
On Wednesday, markets will be watching for the
ADP employment report, which comes ahead of the labor report on Friday. In
Europe, equities closed slightly lower as low commodity prices and energy
stocks dented sentiment. In its second day of trading after reopening, the
Greek stock market opened down over 4%, but pared losses to end roughly 1.2%
lower. The Dow Jones Industrial Average traded down 13 points, or 0.07%, at
17,583. The S&P 500 traded up 0.50 points, or 0.02%, at 2,098, with
utilities leading four sectors lower and materials the greatest advancer. The
Nasdaq traded up 2 points, or 0.04%, at 5,117. Gold is trading about 0.2%
lower, crude oil is seen trading about 1.2% higher, and the U.S. dollar is seen
trading at about 0.2% higher at about 1:00pm Chicago time.
Monday, there were
1,100 contracts traded, down from 1,553 contracts traded on Friday. Open
interest – the number of contracts outstanding – on Monday increased by 132
contracts to 8,947.
Oryza Overnight Recap – Chicago Rough Rice Futures Continue to Show
Strength as Cash Market Appears to be Tightening
Aug 04, 2015
Chicago rough rice
futures for Sep delivery are currently seen trading 3 cents per cwt (about $1
per ton) lower at $11.365 per cwt (about $251 per ton) during early floor
trading in Chicago. The other grains are seen trading higher this morning;
soybeans are currently seen trading about 0.8% higher, wheat is listed about
0.6% higher and corn is currently noted about 0.2% higher.
U.S.
stocks traded in a range on Tuesday as investors watched Apple and
eyed a slight recovery in oil prices after the prior day's sharp decline. The
major averages briefly attempted mild gains soon after opening in the red. The
energy sector gained half a percent to lead S&P 500 gains. Energy stocks
fell 2 percent Monday, following a more than 3.5% drop in West Texas Intermediate
crude futures and 4.5% decline in Brent futures, which fell below $50 per
barrel for the first time since the end of January. Oil output by the
Organization of the Petroleum Exporting Countries (OPEC) reached the highest
monthly level in recent history in July, and production could rise further if
Iran achieves a plan to raise output by 500,000 barrels per day (bpd) as soon
as sanctions are lifted. On the data front, June factory orders figures are due
at 10 a.m. ET.
On
Wednesday, markets will be watching for the ADP employment report, which comes
ahead of the labor report on Friday. In Europe, equities traded mixed as
slipping commodity prices and energy stocks dented sentiment. The Dow Jones
Industrial Average traded up 17 points, or 0.10%, at 17,614. The S&P 500
traded up 2 points, or 0.07%, at 2,099, with energy leading six sectors higher
and utilities the greatest laggard. The Nasdaq traded down 1 point, or 0.02%,
at 5,113. Gold is currently trading about 0.2% higher, crude oil is seen
trading about 2.2% higher, and the U.S. dollar is currently trading about
0.1% lower at 9:00am Chicago time.
Heavy Rains in East India Raise Concerns of Rice Price Hikes
Aug 04, 2015
Heavy
rains in India's Eastern states of West Bengal, Odisha and Manipur have damaged
several hectares of paddy fields raising concerns of lower production and
higher prices, according to local sources.Over 200,000 hectares of paddy and
vegetable fields have been damaged in West Bengal, and a flood-like situation
in northern Odisha is likely to affect more paddy fields. A similar situation
is persisting in Manipur as well.
The
Director of the Central Rice Research Institute (CRRI) noted that the crop is
not in a very bad position and damage could be reduced if fresh sowing can be
undertaken in August using short-duration paddy seeds. However, he said if
farmers opt for a next round of sowing after water recedes in the fields, there
should be adequate rainfall for effective transplantation of seeds.The CRRI
Director noted that price hikes may be ruled out for now since the government
procurement is inadequate in some states and due to this, farmers are unable to
sell their output.
Meanwhile,
the Indian Meteorological Department (IMD) has forecast a 16% deficit in the
rainfall during the second half (August-September) of the monsoon season
(June-September), according to local sources. It forecasts August to receive
10% deficit rainfall and a higher deficit in September.
The Head of the
long-range forecasting at IMD noted that India's north-west region may witness
highest deficit of around 15% in rainfall in the remaining season while
central, and eastern India are expected to receive heavy rains.
The CRRI Director
added that it is too early to decide whether the rainfall deficit will impact
rice productivity. However, he noted that the government could assist farmers
in areas that are more likely to be affected by a dry spell. According to
data from the Agriculture Ministry, total area planting to India's 2015-16
Kharif (main) rice crop (June - December) stood at around 22.8 million hectares
as of July 31, 2015, up about 6% from around 21.5 million hectares planted
during the same time last year.
Global
Rice Quotes
August 5th, 2015
Long grain white rice - high quality
Thailand 100% B grade 375-385
↔
Vietnam 5% broken 335-345
↔
India 5% broken 385-395
↔
Pakistan 5% broken 345-355
↔
Myanmar 5% broken 400-410
↔
Cambodia 5% broken 425-435
↔
U.S. 4% broken 470-480
↔
Uruguay 5% broken 535-545
↔
Argentina 5% broken 530-540
↔
Long grain white rice - low quality
Thailand 25% broken 350-360
↔
Vietnam 25% broken 325-335
↔
Pakistan 25% broken 315-325
↔
Cambodia 25% broken 410-420
↔
India 25% broken 350-360
↔
U.S. 15% broken 445-455
↔
Long grain parboiled rice
Thailand parboiled 100% stxd 375-385 ↔
Pakistan parboiled 5% broken stxd 415-425 ↔
India parboiled 5% broken stxd 375-385 ↔
U.S. parboiled 4% broken 555-565
↔
Brazil parboiled 5% broken 545-555
↔
Uruguay parboiled 5% broken NQ
↔
Long grain fragrant rice
Thailand Hommali 92% 860-870
↔
Vietnam Jasmine 485-495
↔
India basmati 2% broken NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Mails 835-845
↔
Brokens
Thailand A1 Super 320-320
↔
Vietnam 100% broken 310-320
↔
Pakistan 100% broken stxd 285-295
↔
Cambodia A1 Super 350-360
↔
India 100% broken stxd 305-315
↔
Egypt medium grain brokens NQ
↔
U.S. pet food 325-335
↔
Brazil half grain NQ ↔
All prices USD per ton, FOB vessel, oryza.com
Thailand Plans to Auction Over 660,000 Tons of Rice on August 11, 2015
Aug 04, 2015
The
Thai Commerce Ministry is planning to auction over 660,000 tons of stockpiled
rice on August 11, 2015, according to local sources.The Director-General of the
Foreign Trade Department told local sources that a total of 668,000 tons
comprising 11 types of rice would be auctioned on August 11. She note that the
rice is currently stores in warehouses under the Public Warehouse Organization
and the Marketing Organization for farmers. Bidders are supposed to submit
documents on August 10 and the names of qualified bidders are schedule to be
announced on the morning of August 11 before the bidding process begins.
Qualified bidders can submit their bids until afternoon and the winners will be
announced on the same day, according to Ministry sources.
This
is the fifth auction this year and ninth one after the military government took
over in May 2014.The government sold around 3.88 million of rice raising around
40 billion baht (around $1.15 billion) from the first eight auctions. The
military government is still holding around 15.11
million tons of rice in its
stockpiles. It is planning to auction around 1.29 million tons of spoilt rice
for industrial use in this month
Sri Lanka 2015 Yala Rice Crop Planting Reaches Record 497,552 Hectares
Aug 04, 2015
Planting
for the ongoing 2015 secondary yala rice crop (March - September) in Sri Lanka
has reached record 497,552 hectares as of the June 30, 2015, according to data
released by the Socio Economics and Planning Centre of the Peradeniya
Agriculture Department.The government website reports that planting for the
ongoing yala crop is highest so far and it is up about 59% from last yala
season and up about 22% from the five-year average. It also reports that the
planting is about 95% of the target.
Planting
has reportedly exceeded the targets in Ampara, Anuradhapura, Polonnaruwa,
Kilinochchi, Vavunia and Mahaweli H, B,C, L and Udawalawa.
The
FAO forecasts Sri Lanka's total 2015 paddy output to increase about 21% to
around 4.1 million tons (around 2.7 million tons, basis milled) from an
estimated 3.4 million tons (around 2.3 million tons, basis milled) in 2014.USDA
estimates Sri Lanka to produce around 2.85 million tons of rice, basis milled
(around 4.19 million tons, basis paddy) and import around 550,000 tons in MY
2014-15 (October 2014 - September 2015).
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