Rice News Headlines...
ü Sugar unavailable at utility stores in
Multan, rice selling at lower price
ü Revival of rice export to Iran not
possible sans currency swap deal
ü IPAB reserves order on Basmati-GI dispute
ü Iran yet to issue fresh orders for rice
imports
ü More rice imports required next year
ü Lando, El Niño impact may hike rice
imports by 1.3 MMT in 2016
ü Inflation rate stays at 0.4% in October,
but NEDA chief flags
ü APEDA Commodity India News
ü Nagpur Foodgrain Prices Open-November 05
ü 11/05/2015 Farm Bureau Market Report
ü Arkansas Farm Bureau Daily Commodity
Report
ü Groups condemn additional rice imports
ü Rice Investors Brace for the Worst as
Smugglers Prosper Again
ü MEXICO READY TO PURCHASE GUYANA RICE
FOLLOWING VENEZUELA’S REFUSAL TO RENEW EXCHANGE ACCORD
ü Mandis to receive 40% more paddy this
year: Prasad
ü Mississippi entomologists report on
benefits of neonicotinoid seed treatments on rice
ü USA Rice Welcomes New Rice Stewardship
Partnership Coordinator
ü U.S. Releases Full TPP Text
ü Weekly Rice Sales, Exports Reported
ü 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 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.
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
non-availability 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 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-currency-swap-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
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 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-imports-apeda_3986001.html?utm_source=ref_article
http://www.moneycontrol.com/news/economy/iran-yet-to-issue-fresh-orders-for-rice-imports-apeda_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 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
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 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
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 prices, slightly increased to 1.5 percent from 1.4 percent in
September 2015.However, year-to-date 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.
‘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-flags-upside-risks-from-el-nino
APEDA Commodity India News
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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
* 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
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
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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
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Grain Cash Bids
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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.
http://www.arfb.com/mobile/commodity.aspx
Groups condemn
additional rice imports
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.
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 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 South-west. 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 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.
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’ 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-venezuelas-refusal-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-year-prasad/154603.html
Mississippi
entomologists report on benefits of neonicotinoid seed treatments on rice
posted by news on november 4, 2015 - 3:31pm
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
early-season 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_rice-168937?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 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-the-ground 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
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 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 dual-fireplace, 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 doughnut-shaped 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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