Iraq Buys 40,000 Tons of Indian Rice from Olam International
Nov 24, 2015
Iraq's Trade Ministry had purchased 40,000 tons of Indian rice from the Thai exporting company Olam International, Bloomberg quoted a statement by the Minister.
The purchase is reportedly part of a tender, issued on October 21, 2015, to buy at least 30,000 tons of rice from U.S., Uruguay, Argentina and India. The tender closed on November 11, 2015 and offers remained valid till November 19, 2015
Demand Surges for Vietnam's Medicinal Rice Varieties
Nov 24, 2015
Demand for Vietnam's medicinal rice varieties is increasing significantly, according to local sources. Ngoc do huong dua (Red gem with pineapple flavor), Vibigaba, an organic Japonica brown rice, and organic black sprout gaba rice are some of the popular medicinal rice vaireties currently.
The medicinal rice varieties are priced a bit higher than the premium jasmine rice. Yet, consumers are preferring medicinal rice varieties as they are safe for health.
Demand for these rice varieties is said to increase both within and outside the country. Several rice cooperatives are into the production of medicinal rice varieties.
The Vibigaba rice variety (produced by Loc Troi Group) is known to control diabetes. The company is working on a new rice variety beneficial to human health, which helps stabilize blood sugar level, prevent atherosclerosis and provide high nutrients, according to the company's President.
Another company Vien Phu Trade and Production is marketing an organic Japonica brown rice, whichcan help regulate blood pressure, help people have deep sleep and support cardiovascular health.
Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Trade Higher despite Lower U.S. Grain Prices which were Led by Decline in Wheat
Nov 25, 2015
Chicago rough rice futures for Jan delivery settled 8.5 cents per cwt (about $2 per ton) higher at $12.190 per cwt (about $269 per ton). The other grains finished the day lower; Soybeans closed marginally lower at $8.6375 per bushel; wheat finished about 1.9% lower at $4.8850 per bushel, and corn finished the day about 0.9% lower at $3.6950 per bushel.
U.S. stocks traded in a range Tuesday, attempting to shake off most of an earlier decline following news of a downed Russian warplane near the Syrian border. European stocks ended more than 1 percent lower after news of the downed plane. A Russian warplane was shot down near the Syrian border Tuesday after it reportedly entered Turkish airspace. State-run Turkish news service Anadolu Agency said that the downed warplane was a Russian-made SU-24 and had been engaged by two Turkish F16 jets Russian President Vladimir Putin said the incident would have serious consequences for Moscow's relations with Ankara.
In economic news, revised third-quarter GDP came in as expected, up 2.1% from the original reading of 1.5%. Consumer confidence came in at 90.4 for November, missing expectations for 99.5 and below October's 99.1 print. In early afternoon trade, the Dow Jones industrial average gained 41 points, or 0.23%, to 17,833. The S&P 500 traded up 2 points, or 0.14%, to 2,089, with utilities and financials leading five sectors lower and energy the greatest advancer. The Nasdaq composite traded down 4 points, or 0.08%, to 5,098. Gold is seen trading about 0.9% lower, crude oil is seen trading about 0.3% lower, and the U.S. dollar is seen trading about 0.2% higher at about 1:45pm Chicago time.
Monday, there were 314 contracts traded, down from 348 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday increased by 10 contracts to 12,530.
Italy Researchers Find Means of Avoiding Weeds in Rice Crops Without Using Herbicides
Nov 24, 2015
Researchers from the Academy of Agriculture of Turin have evaluated possibilities of reducing or avoiding the growth of weeds in the rice crops without the use of herbicides or synthetic fertilizers.
They used the following four means as part of their study.
- Sowing buried in files, with rows spaced 14 centimeters, and repeated passages with tine harrow;
- Sowing buried in double rows, with spacing of 10 and 30 centimeters, and repeated operations by a specially modified drill;
- Seeding in-ground in double rows, with row spacing of 10 and 30 centimeters, with over sowing soy in the middle, and subsequent processing by means of a specially modified cutter;
- Mulch with biodegradable fabrics. The researchers used two types of mulching film, of different thickness, produced by BASF.
The researchers used a land, which typically had features of a paddy field. They ensured that the ground was levelled properly and remove all weeds including barnyard grass before sowing the seeds.
After executing all the four alternate methods, they found that the first method using tine harrow controlled weeds by 78%. Production was reduced by 1/12 compared to the control field. The third method, in which soy was over-sown in between rice plants, produced more weeds and the production reduced by 1/4 of the witness field. However, the mulched area method produced more rice and totally controlled the weeds.
Researchers concluded that the results are not very effective in testing fields as rains are too random and it often makes the areas unworkable for several days. However, the mulching method can be used in direct sowing as well.
FAO Forecasts Nepal Rice Imports to Increase Sharply in 2016 on Lower Production
Nov 24, 2015
The UN's Food and Agricultural Organization (FAO) forecasts Nepal's 2016 rice imports at around 640,000 tons, up about 14% from an estimated 561,400 tons in 2015 due to an expected decline in this year's paddy rice production.
The FAO forecasts Nepal's total cereal imports in the 2015-16 marketing year (July - June) at around 855,000 tons, up about 35% from last year.
The FAO forecasts Nepal's 2015 paddy rice production at around 4.6 million tons, down about 4% from around 4.789 million tons in 2014 due to a slight contraction in area planted as well as an expected decline in yields following below-average rains over the main rice producing regions in the central and eastern Terai areas.
Harvesting of the 2015 rice crop started in mid-October and will continue till December. Paddy rice production is said to decline for the second consecutive year according to the FAO.
FAO Forecasts Pakistan 2015 Paddy Rice Production to Decline on Lower Acreage
Nov 24, 2015
The UN's Food and Agricultural Organization (FAO) forecasts Pakistan 2015 paddy rice production at around 9.9 million tons, down about 6% from around 10.502 million tons in 2014.
The FAO attributes the decline to a 5% decline in area planted in response to large stocks and high production costs.
Harvesting of the 2015 kharif rice crop (mid-May to mid-December) is currently underway and is expected to be completed in early December.
Asian Rice Quotes Remain Unchanged Today
Nov 24, 2015
Asian rice sellers kept their quotes unchanged from yesterday.
5% Broken Rice
Thailand 5% rice is indicated at around $350 - $360 per ton about $15 per ton discount on Vietnam 5% rice shown at around $365 - $375 per ton. India 5% rice is indicated at around $345 - $355 per ton, about $30 per ton premium on Pakistan 5% rice shown at around $315 - $325 per ton.
25% Broken Rice
Thailand 25% rice is indicated at around $335 - $345 per ton, about $20 per ton discount on Vietnam 25% rice shown at around $355- $365 per ton. India 25% rice is indicated at around $325 - $335 per ton, about $35 per ton premium on Pakistan 25% rice shown at around $290 - $300 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $350 - $360 per ton. India parboiled rice is indicated at around $340 - $350 per ton, about $65 per ton discount to Pakistan parboiled rice last shown at around $405 - $415 per ton.
100% Broken Rice
Thailand broken rice, A1 Super is indicated at around $325 - $335 per ton, about $5 per ton discount to Vietnam 100% broken rice shown at around $330 - $340 per ton. India's 100% broken rice is shown at around $285 - $295 per ton, about $5 per ton premium on Pakistan broken sortexed rice shown at around $280 - $290 per ton.
Global Rice Quotes
November 24th, 2015
Long grain white rice - high quality
Thailand 100% B grade 360-370 ↔
Vietnam 5% broken 365-370 ↔
India 5% broken 345-355 ↔
Pakistan 5% broken 315-325 ↔
Myanmar 5% broken 405-415 ↔
Cambodia 5% broken 415-425 ↔
U.S. 4% broken 490-510 ↔
Uruguay 5% broken 535-545 ↔
Argentina 5% broken 530-540 ↔
Long grain white rice - low quality
Thailand 25% broken 335-345 ↔
Vietnam 25% broken 355-365 ↔
Pakistan 25% broken 290-300 ↔
Cambodia 25% broken 400-410 ↔
India 25% broken 325-335 ↔
U.S. 15% broken 500-510 ↔
Long grain parboiled rice
Thailand parboiled 100% stxd 350-360 ↔
Pakistan parboiled 5% broken stxd 405-415 ↔
India parboiled 5% broken stxd 340-350 ↔
U.S. parboiled 4% broken 590-610 ↔
Brazil parboiled 5% broken 545-555 ↔
Uruguay parboiled 5% broken NQ ↔
Long grain fragrant rice
Thailand Hommali 92% 705-715 ↔
Vietnam Jasmine 445-455 ↔
India basmati 2% broken NQ ↔
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Mails 830-840 ↔
Brokens
Thailand A1 Super 325-335 ↔
Vietnam 100% broken 330-340 ↔
Pakistan 100% broken stxd 280-290 ↔
Cambodia A1 Super 355-365 ↔
India 100% broken stxd 285-295 ↔
Egypt medium grain brokens NQ ↔
U.S. pet food 330-340 ↔
Brazil half grain NQ ↔
All prices USD per ton, FOB vessel, oryza.com
Thailand to Continue with Rotten Rice Auction on December 1, 2015 Despite Opposition from Quality Surveyors
Nov 24, 2015
The government of Thailand has decided to continue with the auction of about 37,412 tons of rotten rice from the stockpiles as scheduled on December 1, 2015 despite recommendations from the Thai Agricultural Surveyors Association (TASA) to suspend the auction, according to local sources.
The rice quality surveyors from the TASA expressed concern that the government would sell the rice too cheaply. They noted that the rice intended to be sold as rotten rice is of high quality and can be used for human consumption.
However, the government insisted that the rice was unfit for human consumption. The Director-General of Foreign Trade Department clarified that the decision had been taken after the stockpiled rice was checked by the rice inspection committees set up by the military government as well as private enterprises.
"It has been proved that this rice stock is not suitable for consumption. Some rice may be in good condition but it has mixed with rotten rice, and the government would need to spend more [time] managing this rice stock if it does not release it for industrial use. Thus the government will go ahead and open this lot of rice for industrial supply," she said. She noted that the rice surveyor companies also took part in the rice inspection but did not oppose the auctions then. She warned that they would be subject to legal action by the government if their contribution proved wrong.
The President of the TASA noted that they are concerned that the government could earn more money as some of the rice from this lot could be sold for human consumption or feed meal production.
The government has been planning to begin sale of about 2 million tons of rotten rice from stockpiles from the end of November 2015. It reportedly decided to begin the auctions in lots of between 1,000 and 6,000 tons. Thailand holds about 13 million tons of rice stocks, of which about 6 million tons are "below-standard or rotten" and are judged unfit for human consumption, according to a Commerce Ministry statement. The Ministry decided to sell these stocks for industrial uses as ethanol production.
Government of Bangladesh to Double Import Duty on Rice, Says Food Minister
Nov 24, 2015
The government of Bangladesh has decided to double the import duty on rice to 20% from the current 10% to discourage imports and protect local rice farmers, local sources quoted the Food Minister.
The decision will be implemented soon, said the Minister at a meeting with the Bangladesh Auto, Major and Husking Mills Association. He stated earlier this month that that farmers would be harmed if duty is not increased. Restriction of imports is necessary to protect local rice prices from falling during the Aman (July - December) harvest, which has just begun, according to the Minister.
Rice farmers are already expressing concern about the falling Aman paddy prices due to lower demand from millers. Some farmers noted that millers hold stocks from last year and so are not keen on purchasing this year. Farmers are afraid that prices would fall further as output from the Aman harvest increases.
They are urging the government to increase its procurement target or hike duty on rice imports to protect prices. The government will reportedly procure 200,000 tons of 2015 Aman rice from millers at Tk 31 per kilogram (around $388.5 per ton) between December 15, 2015 and March 15, 2016.
The Bangladesh government imposed a duty of 10% on rice imports in May 2015 after rice imports by private traders surged significantly due to low global prices. Bangladesh traders imported over 1.4 million tons of rice in FY 2014-15 (July - June) compared to only 374,560 tons imported in the whole year of 2013-14.
Bangladesh imported 121,000 tons of rice during the period July 1 - November 12, compared to around 306,000 tons imported during the same period last year, according to Food Planning and Monitoring Unit (FPMU) under the Food Ministry.
All news have been shared with permission of ORYZA.com with thanks.All News are exclusive
product of ORyZA.com
Nov 24, 2015
Iraq's Trade Ministry had purchased 40,000 tons of Indian rice from the Thai exporting company Olam International, Bloomberg quoted a statement by the Minister.
The purchase is reportedly part of a tender, issued on October 21, 2015, to buy at least 30,000 tons of rice from U.S., Uruguay, Argentina and India. The tender closed on November 11, 2015 and offers remained valid till November 19, 2015
Demand Surges for Vietnam's Medicinal Rice Varieties
Nov 24, 2015
Demand for Vietnam's medicinal rice varieties is increasing significantly, according to local sources. Ngoc do huong dua (Red gem with pineapple flavor), Vibigaba, an organic Japonica brown rice, and organic black sprout gaba rice are some of the popular medicinal rice vaireties currently.
The medicinal rice varieties are priced a bit higher than the premium jasmine rice. Yet, consumers are preferring medicinal rice varieties as they are safe for health.
Demand for these rice varieties is said to increase both within and outside the country. Several rice cooperatives are into the production of medicinal rice varieties.
The Vibigaba rice variety (produced by Loc Troi Group) is known to control diabetes. The company is working on a new rice variety beneficial to human health, which helps stabilize blood sugar level, prevent atherosclerosis and provide high nutrients, according to the company's President.
Another company Vien Phu Trade and Production is marketing an organic Japonica brown rice, whichcan help regulate blood pressure, help people have deep sleep and support cardiovascular health.
Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Trade Higher despite Lower U.S. Grain Prices which were Led by Decline in Wheat
Nov 25, 2015
Chicago rough rice futures for Jan delivery settled 8.5 cents per cwt (about $2 per ton) higher at $12.190 per cwt (about $269 per ton). The other grains finished the day lower; Soybeans closed marginally lower at $8.6375 per bushel; wheat finished about 1.9% lower at $4.8850 per bushel, and corn finished the day about 0.9% lower at $3.6950 per bushel.
U.S. stocks traded in a range Tuesday, attempting to shake off most of an earlier decline following news of a downed Russian warplane near the Syrian border. European stocks ended more than 1 percent lower after news of the downed plane. A Russian warplane was shot down near the Syrian border Tuesday after it reportedly entered Turkish airspace. State-run Turkish news service Anadolu Agency said that the downed warplane was a Russian-made SU-24 and had been engaged by two Turkish F16 jets Russian President Vladimir Putin said the incident would have serious consequences for Moscow's relations with Ankara.
In economic news, revised third-quarter GDP came in as expected, up 2.1% from the original reading of 1.5%. Consumer confidence came in at 90.4 for November, missing expectations for 99.5 and below October's 99.1 print. In early afternoon trade, the Dow Jones industrial average gained 41 points, or 0.23%, to 17,833. The S&P 500 traded up 2 points, or 0.14%, to 2,089, with utilities and financials leading five sectors lower and energy the greatest advancer. The Nasdaq composite traded down 4 points, or 0.08%, to 5,098. Gold is seen trading about 0.9% lower, crude oil is seen trading about 0.3% lower, and the U.S. dollar is seen trading about 0.2% higher at about 1:45pm Chicago time.
Monday, there were 314 contracts traded, down from 348 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday increased by 10 contracts to 12,530.
Italy Researchers Find Means of Avoiding Weeds in Rice Crops Without Using Herbicides
Nov 24, 2015
Researchers from the Academy of Agriculture of Turin have evaluated possibilities of reducing or avoiding the growth of weeds in the rice crops without the use of herbicides or synthetic fertilizers.
They used the following four means as part of their study.
- Sowing buried in files, with rows spaced 14 centimeters, and repeated passages with tine harrow;
- Sowing buried in double rows, with spacing of 10 and 30 centimeters, and repeated operations by a specially modified drill;
- Seeding in-ground in double rows, with row spacing of 10 and 30 centimeters, with over sowing soy in the middle, and subsequent processing by means of a specially modified cutter;
- Mulch with biodegradable fabrics. The researchers used two types of mulching film, of different thickness, produced by BASF.
The researchers used a land, which typically had features of a paddy field. They ensured that the ground was levelled properly and remove all weeds including barnyard grass before sowing the seeds.
After executing all the four alternate methods, they found that the first method using tine harrow controlled weeds by 78%. Production was reduced by 1/12 compared to the control field. The third method, in which soy was over-sown in between rice plants, produced more weeds and the production reduced by 1/4 of the witness field. However, the mulched area method produced more rice and totally controlled the weeds.
Researchers concluded that the results are not very effective in testing fields as rains are too random and it often makes the areas unworkable for several days. However, the mulching method can be used in direct sowing as well.
FAO Forecasts Nepal Rice Imports to Increase Sharply in 2016 on Lower Production
Nov 24, 2015
The UN's Food and Agricultural Organization (FAO) forecasts Nepal's 2016 rice imports at around 640,000 tons, up about 14% from an estimated 561,400 tons in 2015 due to an expected decline in this year's paddy rice production.
The FAO forecasts Nepal's total cereal imports in the 2015-16 marketing year (July - June) at around 855,000 tons, up about 35% from last year.
The FAO forecasts Nepal's 2015 paddy rice production at around 4.6 million tons, down about 4% from around 4.789 million tons in 2014 due to a slight contraction in area planted as well as an expected decline in yields following below-average rains over the main rice producing regions in the central and eastern Terai areas.
Harvesting of the 2015 rice crop started in mid-October and will continue till December. Paddy rice production is said to decline for the second consecutive year according to the FAO.
FAO Forecasts Pakistan 2015 Paddy Rice Production to Decline on Lower Acreage
Nov 24, 2015
The UN's Food and Agricultural Organization (FAO) forecasts Pakistan 2015 paddy rice production at around 9.9 million tons, down about 6% from around 10.502 million tons in 2014.
The FAO attributes the decline to a 5% decline in area planted in response to large stocks and high production costs.
Harvesting of the 2015 kharif rice crop (mid-May to mid-December) is currently underway and is expected to be completed in early December.
Asian Rice Quotes Remain Unchanged Today
Nov 24, 2015
Asian rice sellers kept their quotes unchanged from yesterday.
5% Broken Rice
Thailand 5% rice is indicated at around $350 - $360 per ton about $15 per ton discount on Vietnam 5% rice shown at around $365 - $375 per ton. India 5% rice is indicated at around $345 - $355 per ton, about $30 per ton premium on Pakistan 5% rice shown at around $315 - $325 per ton.
25% Broken Rice
Thailand 25% rice is indicated at around $335 - $345 per ton, about $20 per ton discount on Vietnam 25% rice shown at around $355- $365 per ton. India 25% rice is indicated at around $325 - $335 per ton, about $35 per ton premium on Pakistan 25% rice shown at around $290 - $300 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $350 - $360 per ton. India parboiled rice is indicated at around $340 - $350 per ton, about $65 per ton discount to Pakistan parboiled rice last shown at around $405 - $415 per ton.
100% Broken Rice
Thailand broken rice, A1 Super is indicated at around $325 - $335 per ton, about $5 per ton discount to Vietnam 100% broken rice shown at around $330 - $340 per ton. India's 100% broken rice is shown at around $285 - $295 per ton, about $5 per ton premium on Pakistan broken sortexed rice shown at around $280 - $290 per ton.
Global Rice Quotes
November 24th, 2015
Long grain white rice - high quality
Thailand 100% B grade 360-370 ↔
Vietnam 5% broken 365-370 ↔
India 5% broken 345-355 ↔
Pakistan 5% broken 315-325 ↔
Myanmar 5% broken 405-415 ↔
Cambodia 5% broken 415-425 ↔
U.S. 4% broken 490-510 ↔
Uruguay 5% broken 535-545 ↔
Argentina 5% broken 530-540 ↔
Long grain white rice - low quality
Thailand 25% broken 335-345 ↔
Vietnam 25% broken 355-365 ↔
Pakistan 25% broken 290-300 ↔
Cambodia 25% broken 400-410 ↔
India 25% broken 325-335 ↔
U.S. 15% broken 500-510 ↔
Long grain parboiled rice
Thailand parboiled 100% stxd 350-360 ↔
Pakistan parboiled 5% broken stxd 405-415 ↔
India parboiled 5% broken stxd 340-350 ↔
U.S. parboiled 4% broken 590-610 ↔
Brazil parboiled 5% broken 545-555 ↔
Uruguay parboiled 5% broken NQ ↔
Long grain fragrant rice
Thailand Hommali 92% 705-715 ↔
Vietnam Jasmine 445-455 ↔
India basmati 2% broken NQ ↔
Pakistan basmati 2% broken NQ ↔
Cambodia Phka Mails 830-840 ↔
Brokens
Thailand A1 Super 325-335 ↔
Vietnam 100% broken 330-340 ↔
Pakistan 100% broken stxd 280-290 ↔
Cambodia A1 Super 355-365 ↔
India 100% broken stxd 285-295 ↔
Egypt medium grain brokens NQ ↔
U.S. pet food 330-340 ↔
Brazil half grain NQ ↔
All prices USD per ton, FOB vessel, oryza.com
Thailand to Continue with Rotten Rice Auction on December 1, 2015 Despite Opposition from Quality Surveyors
Nov 24, 2015
The government of Thailand has decided to continue with the auction of about 37,412 tons of rotten rice from the stockpiles as scheduled on December 1, 2015 despite recommendations from the Thai Agricultural Surveyors Association (TASA) to suspend the auction, according to local sources.
The rice quality surveyors from the TASA expressed concern that the government would sell the rice too cheaply. They noted that the rice intended to be sold as rotten rice is of high quality and can be used for human consumption.
However, the government insisted that the rice was unfit for human consumption. The Director-General of Foreign Trade Department clarified that the decision had been taken after the stockpiled rice was checked by the rice inspection committees set up by the military government as well as private enterprises.
"It has been proved that this rice stock is not suitable for consumption. Some rice may be in good condition but it has mixed with rotten rice, and the government would need to spend more [time] managing this rice stock if it does not release it for industrial use. Thus the government will go ahead and open this lot of rice for industrial supply," she said. She noted that the rice surveyor companies also took part in the rice inspection but did not oppose the auctions then. She warned that they would be subject to legal action by the government if their contribution proved wrong.
The President of the TASA noted that they are concerned that the government could earn more money as some of the rice from this lot could be sold for human consumption or feed meal production.
The government has been planning to begin sale of about 2 million tons of rotten rice from stockpiles from the end of November 2015. It reportedly decided to begin the auctions in lots of between 1,000 and 6,000 tons. Thailand holds about 13 million tons of rice stocks, of which about 6 million tons are "below-standard or rotten" and are judged unfit for human consumption, according to a Commerce Ministry statement. The Ministry decided to sell these stocks for industrial uses as ethanol production.
Government of Bangladesh to Double Import Duty on Rice, Says Food Minister
Nov 24, 2015
The government of Bangladesh has decided to double the import duty on rice to 20% from the current 10% to discourage imports and protect local rice farmers, local sources quoted the Food Minister.
The decision will be implemented soon, said the Minister at a meeting with the Bangladesh Auto, Major and Husking Mills Association. He stated earlier this month that that farmers would be harmed if duty is not increased. Restriction of imports is necessary to protect local rice prices from falling during the Aman (July - December) harvest, which has just begun, according to the Minister.
Rice farmers are already expressing concern about the falling Aman paddy prices due to lower demand from millers. Some farmers noted that millers hold stocks from last year and so are not keen on purchasing this year. Farmers are afraid that prices would fall further as output from the Aman harvest increases.
They are urging the government to increase its procurement target or hike duty on rice imports to protect prices. The government will reportedly procure 200,000 tons of 2015 Aman rice from millers at Tk 31 per kilogram (around $388.5 per ton) between December 15, 2015 and March 15, 2016.
The Bangladesh government imposed a duty of 10% on rice imports in May 2015 after rice imports by private traders surged significantly due to low global prices. Bangladesh traders imported over 1.4 million tons of rice in FY 2014-15 (July - June) compared to only 374,560 tons imported in the whole year of 2013-14.
Bangladesh imported 121,000 tons of rice during the period July 1 - November 12, compared to around 306,000 tons imported during the same period last year, according to Food Planning and Monitoring Unit (FPMU) under the Food Ministry.
All news have been shared with permission of ORYZA.com with thanks.All News are exclusive
product of ORyZA.com
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