News Headlines...
·
Western disturbance may stop monsoon-on-retreat
·
Ban on rice export extended till December
·
Currency moves to tag-team El Niño in Asia rice markets
·
Critic claims Golden Rice may never be introduced, better
Vitamin A deficiency solutions exist
·
Agreement Between Dow Chemical Co (NYSE:DOW) and ICS-CAAS
·
Farmer gets award for large-scale adoption of drip
irrigation
·
Min of Commerce to open 6th bid for in-stock rice
·
Goal of 1 Million Tons of Rice Export Unlikely
·
Rice Federation Forecasts Exports to Resume as Scheduled in
Mid-September
·
Rice harvest underway, yields, acreage in question
·
Arkansas Farm Bureau Daily Commodity Report
·
Summer Promotions Help U.S. Rice Dominate Turkish Imports
·
Vietnam Food Association Visits USA Rice
·
CME Group/Closing Rough Rice Futures
·
P.F. Chang’s Launches Ricegivingsm Program to Feed Hungry
Families
News Detail...
Western disturbance
may stop monsoon-on-retreat
Vinson Kurian
Thiruvananthapuram, September 1:
The overall rain deficit for the country as a whole has
reverted to 12 per cent on the first day of September even as most parts of the
country except the East witnessed dry conditions. A formal announcement of the
withdrawal of the monsoon is awaited but available indications suggest that the
process may have started, bar the shouting.
Anti-cyclone on prowl
A signature anti-cyclone (clock-wise circulation buffeted
by barren north-westerly winds) could even weigh over the ground over
north-west India and later over west-central India briefly during this week.
This anti-cyclone would later be the fulcrum around which the winter weather
would set in as the north-westerly winds bring cold Arctic air into play over
the plains over North and Central India. But the rain-suppressing anti-cyclone
will get unsettled by an incoming western disturbance during the weekend and
later by some belated activity being predicted in the Bay of Bengal. The latter
will be underwritten by yet another typhoon building in West-central Pacific,
the umpteenth time this season when a churn in that massive body of water would
dictate weather in the Bay far to its east.
No big purchase
The European Centre for Medium-Range Weather Forecasts,
however, doesn’t seem to great store by the fresh low-pressure area building in
the Bay in response to the call from the Pacific.
Initial forecasts made by the Centre suggests that the
‘low’ may help prolong the spell of showers along the East Coast, including
coastal Tamil Nadu, Andhra Pradesh and Tamil Nadu.
The productive session in the East and North-East getting
extended to the East Coast is in the ‘best traditions’ of and observed pattern
during a weakened monsoon when rains shut out elsewhere.
The US National Centres of Environment Prediction pointed
to a scenario where the rains dry up rapidly from the Northwest first to East
during the next two weeks. Sporadic showers in the North-West from western
disturbances and better organised rain from a monsoon fighting for a foothold
in East and North-East and along the East Coast would be the only exception.
(This article was published on September 1,
2015)
WWW.businessline
Ban on rice export extended till December
The government has extended a ban on export of all varieties of
rice, except the aromatic ones by another six months till December 2015.A
commerce ministry official said the decision was taken to ensure adequate
supply to the local market so the prices do not surge and remain within the
people’s affordability.The ministry on August 25 issued an order extending the
ban, effective from July 1, 2015, in line with the Imports and Exports
(Control) Act 1950. Officials said the ban had to extend as the previous
ban imposed on June 2014 expired on June 30, 2015.
The ban on export of all types of rice was first imposed in
November 2008 and saw extension several times. Later, export of aromatic
rice resumed in mid-2012.Traders can export aromatic rices to international
market with prior permission from the ministry.The rice varieties that can be
exported include Kalojira, Chinigura, Chiniatop, Chinikanai, Kataribhog,
Badshabhog, Kataribhog, Modonbhog, Radhunipagol, Banshphul, Jotabanshpul,
Binnaphul, Tulshimala, Tulshiatap, Tulshimoni, Madhumala, Khorma, Sakkur
Khorma, Nunia, Poshushail, BR 5 (Dulabhog) and BR 34, 37, 38 and 50.According to
exporters, Bangladesh annually export around 5,000 tonnes of aromatic rice to
international market.
The demand of Bangladeshi rice is high among Bangladeshi
expatriates especially in Middle East countries, United States of America,
United Kingdom, Australia and Canada.Considering the demand, many exporters
have applied to the commerce ministry to open the export.More than 30
companies, including PRAN, Square, ACI, Sajeeb and Banaphul, export aromatic
rice to different countries.
http://www.dhakatribune.com/business/2015/sep/01/ban-rice-export-extended-till-december#sthash.NFdikC3f.dpuf
Currency
moves to tag-team El Niño in Asia rice markets
Market wisdom is that Asian rice prices are set to rally as El
Nino cuts output and bulging stockpiles are steadily eroded.There's nothing
wrong with this view, but as is often the case there are some offsetting
factors that make a strong rally far from a sure thing, as can be seen by
recent price movements in the grain, the staple for some two-thirds of the
world's population.Benchmark Thai 5-percent broken white rice staged a 10
percent rally from a 7 1/2-year low of $367.50 a tonne on June 24 to a recent
peak of $405 on July 17.However, since then, it has dropped back to a fresh low
of $362.50 a tonne on Aug. 27, making the rally very short-lived.Part of this
is the general malaise that has roiled most commodity markets, but part is also
that buyers have been demanding lower prices because of the depreciation of the
Thai baht.
The baht has lost 10 percent of its value against the U.S.
dollar since its 2015 closing high of 32.33 in April to Thursday's close of
35.64.The fall in the baht has caused the baht price of rice to whipsaw about,
but overall it is down about 6 percent so far this year, or less than half the
13.3 drop in dollar terms.It's much the same situation for Thailand's
regional competitor in rice exports,Vietnam, which has seen its currency, the
dong, slip 6.7 percent against the dollar from the year high in early February
to the close of 22,534 on Thursday.Vietnamese 5-percent broken white rice has
surrendered 12.9 percent so far this year to $337.50 a tonne, but is down only
8.2 percent in local currency terms.With the outlook for ongoing dollar gains,
especially against emerging market currencies, the chances are that buyers will
apply additional pressure on sellers to keep prices low in dollar terms.
El Nino Looms
But what of El Nino, the weather phenomenon that brings dry, hot
weather toSoutheast Asia and Australia, but wetter conditions to North
America.Weather forecasters have been upping their predictions for a strong El
Nino, which would last into next year and most likely cut output of rice, as
well as that of Australian wheat, soybeans in India and corn in China.Any
rice production shortfall will have to be made up from stockpiles, but how much
more rice is likely to be needed and will it be enough to significantly dent Thailand's
rice mountain, built up by the ousted government as part of its generous
support measures for farmers?
Indonesia, traditionally a rice importer but trying hard to
become self-sufficient, still expects to increase its harvest by 7 percent in 2015
despite El Nino.However, El Nino may delay rice crops and lead to imports of as
much as 1.6 million tonnes this year, according to analysts, a step that would
help curb rising domestic rice prices, already the second-highest in Southeast
Asia.The Philippines, another heavy importer, also plans to boost domestic
rice production in 2016, but will import more in 2015 to meet a shortfall in
this year's output.The government has already bought 750,000 tonnes this year
and may import another 250,000 before the end of the year. Private traders may
add as much as 805,200 tonnes by Nov. 30, subject to a 35 percent tariff.
China's early season rice output dropped 0.9 percent to 33.69
million tonnes in 2015 from a year earlier, according to official figures, raising
the possibility of higher imports by the world's second-biggest economy.While
it seems likely that Asia's top importers will increase purchases, there
is still the question of large stockpiles that need to be worked
through.Thailand's 13-million tonne rice mountain may actually contain only
about 9 million tonnes of edible rice because of spoiling from long storage
periods, according to the U.N. Food and Agriculture Organisation (FAO).The FAO
also says that inventories have been dropping steadily in the world's five
biggest exporters, after strong shipments in 2014, and the stock-to-use ratio,
the level of inventories relative to domestic consumption and exports, will
drop to 19 percent in 2015/16, the lowest since 2007/08.
This indicates a tightening of supply, but still suggests there
is plenty of rice available even as El Nino makes its presence felt.While rice
prices should rise, the chances are that the process won't be even and will be
influenced by currency movements, with those exporters experiencing stronger
depreciation against the dollar likely to seek to maximize their advantage.
http://www.agprofessional.com/news/currency-moves-tag-team-el-ni%C3%B1o-asia-rice-markets?utm_source=USA+Rice+Daily%2C+September+1%2C+2015&utm_campaign=Friday%2C+December+13%2C+2013&utm_medium=email
Critic claims Golden Rice may never be
introduced, better Vitamin A deficiency solutions exist
PRINTER FRIENDLY
The GLP aggregated and excerpted this blog/article to reflect the
diversity of news, opinion and analysis.
Few GM crops are discussed as much
— and misunderstood as much — as “Golden Rice.”All the shouting tends to cover
up a crucial issue with Golden Rice: who is it for, exactly? Proponents
usually discuss it as a vitamin tablet headed for generic underfed children in
“poor countries”.But here’s the problem. Golden Rice is not a vitamin
tablet, it’s rice, and it is headed
specifically for the Philippines.Most discussions ignore this Philippine
context which is remarkable because the Philippines is hardly just a
country with vitamin A-deficient children. The country is unique with respect
to rice, with a storied history and contested future for the crop.And Golden
Rice doesn’t grow well in the Philippines — not yet anyway. As of
this writing, over 14 years after the International Rice Research Institute
(IRRI) began trying to bring Golden Rice down to earth in the Philippines, it
still exhibits lower productivity.
Contrary to claims that children are dying because of Greenpeace’s
opposition, Golden Rice is simply not ready. IRRI is quite clear about
this, as a
visit to their website will show.Even if Golden
Rice is brought up to speed agronomically, its goal of having
a significant public health impact is probably unlikely. Nutrition
programs have already reduced childhood VAD. Again, IRRI itself has been
transparent, acknowledging
on their website that
VAD is being effectively reduced without Golden Rice.IRRI is also quite
explicit that it will release Golden Rice only IF it is “
shown to improve vitamin A
status.” And it might not. Filipino children who still suffer
from VAD have poor diets lacking in the fats that are needed to absorb Vitamin
A.
Agreement
Between Dow Chemical Co (NYSE:DOW) and ICS-CAAS
September
01
09:142015
by Ann Garaghty
[Business Wire] Dow Chemical Co
(NYSE:DOW)(TREND ANALYSIS) has entered into a collaboration agreement with the
Institute of Crop Sciences of the Chinese Academy of Agricultural Sciences
(ICS-CAAS). Under the agreement, Dow AgroSciences grants ICS-CAAS a
royalty-free, non-transferable research and commercialization license for its
proprietary EXZACT™ Precision Genome Editing Technology to be used in rice in
China.
Dow AgroSciences and ICS-CAAS scientists will
collaboratively develop an industry-leading rice genome editing technology
platform.The EXZACT Precision Genome Editing Platform will enable ICS-CAAS
scientists to capitalize on their significant investment and technical
expertise in rice genomics, transcriptomics, proteomics, and cell biology as
well as accelerate integration of the scientific knowledge generated in rice to
rapidly develop valuable products for China. Dow AgroSciences has developed the
EXZACT Precision Technology platform under an exclusive license and
collaboration agreement in plants with Sangamo BioSciences, Inc.
Dow AgroSciences and ICS-CAAS
scientists will work together to make sure that the expertise and strengths of
both parties are best combined to accelerate rice research and product
development in China.Stock Performance: Click here for a free comprehensive
Trend Analysis ReportDow Chemical Co (NYSE:DOW) stock is currently trading
20.28% below its 52-week-high, 24.81% above its 52-week-low. The 1-year stock
price history is in the range of $35.11 – $54.97. Dow Chemical Co (DOW) has a
price to earnings ratio of 12.45 versus Basic Materials sector average of
17.11. DOW stock price has outperformed the S&P 500 by 1.2%. The
Diversified Chemicals company is currently valued at $50.75 billion and its
share price closed the last trading session at $43.82.
The stock has a 50-day moving
average of $46.65 and a 200-day moving average of $49.26.Dow Chemical Co (DOW)
current short interest stands at 21.11 million shares. It has increased by 10%
from the same period of last month. Around 2% of the company’s shares, which
are float, are short sold. With a 10-days average volume of 10.7 million
shares, the number of days required to cover the short positions stand at 2
days.The company is expected to announce next quarter earnings on October 22,
at consensus estimate of $0.71. Dow Chemical Co (DOW) reported last quarter
earnings on July 23. The Diversified Chemicals company announced earnings per
share of $0.91 against a consensus Street estimate of $0.81, beating the
average estimate by $0.1. This corresponds to an increase of $0.07 compared to
the same quarter of the previous fiscal year.
Is this a Buying Opportunity? Click here for a free Trend Analysis
Report
There are currently twenty-one analysts that cover Dow Chemical Co
stock. Of those twenty-one, thirteen have a Buy rating, seven have a Hold
rating and one has a Sell rating. On a consensus basis this yields to an
Overweight rating. The consensus target price stands at $55.78.
A recent analyst activity consisted of Susquehanna reiterating
their Neutral stance on April 28. Susquehanna increased their price target on
DOW from $48 to $52. This corresponds to a 18.67% upside from the last closing
price. On the date of report, the stock closed at $51.41.Jefferies reiterated
their Buy stance on April 27, and increased their price target on DOW stock
from $48 to $50. This corresponds to a 14.1% upside from the last closing
price. On the date of report, the stock closed at $51.06.
Another research firm was Citigroup who reiterated their Buy stance
on April 24. Citigroup increased their price target on Dow Chemical Co from $52
to $57. This translates to a 30.08% upside from the last closing price. On the
date of report, the stock closed at $50.72.
Company profile
The Dow Chemical Company is a diversified chemical company that
provides chemical, plastic, and agricultural products and services to various
essential consumer markets. The Company serves customers in countries around
the world in markets such as food, transportation, health and medicine,
personal care, and construction.
http://www.marketswired.com/agreement-between-dow-chemical-co-nysedow-and-ics-caas/225995/
Farmer gets award for large-scale
adoption of drip irrigation
Press Trust of India | Coimbatore September 1, 2015 Last Updated at 21:57 IST
A farmer from Tirupur district has been selected
for 'Innovative rice farmer award' for the year 2015 by the Indian Institute of
Rice Research, Hyderabad, for large-scale adoption of drip irrigation. M Parthasarathy from Govindapuram
village in Tirupur district was selected among 30 farmers from 16 states who
were nominated for this award. The
rice innovative farmer award is given to one who has developed innovative
product/practice which has potential for wider adoption in rice cultivation. Parthasarathy was awarded for
large-scale adoption of drip irrigation in rice in Amaravathy sub-basin in the
state. The award, carrying a
citation, was received by his son at the 'Innovative Rice Farmers Meet-2015 at
the Institute on August 29 from Union Minister for Labour and EmploymentBandaru Dattatreya in the presence of B J
Pandian,Director, Water Technology Centre, Tamil NaduAgricultural University, who guided
Parthasarathy.
Govindapuram village was brought under Micro
Irrigation under a World Bank funded Project - Tamil Nadu Irrigated Agriculture
Modernization and Water Bodies Restoration and Management Project (TN-IAMWARM). Growing rice under drip irrigation is
a new concept tested by Water Technology Centre and promoted for adoption. But
the adoption of the drip system for rice crop alone may be uneconomical,
Pandian said in a relase today. Parthasarathy
introduced drip irrigation for rice in a cropping system approach, with support
from drip system by the University for onion. He cultivated onion in
April-June, raised maize in July-September and cultivated rice by using the
same drip system in October-February.
He and 11 farmers cultivated CR1009 under direct
sowing under drip in 2013 and during 2014, 23 farmers cultivated COR51 in drip
system and on an average, they achieved 6 -7. 5 tonnes per hectare yield under
drip irrigation. Introduction of
drip irrigation for rice is more economical under cropping system approach and
could be widely propagated wherever rice is being cultivated under well irrigation
sources where ground water categories classified as over exploited and
exploited categories. "Govindapuram
has proved to the nation that under limited water condition, three crops in a
year, including rice (Onion-Maize-rice) could be grown more successfully under
drip irrigation," Pandian said. http://www.business-standard.com/article/pti-stories/farmer-gets-award-for-large-scale-adoption-of-drip-irrigation-115090101473_1.html
Min of Commerce to open 6th bid
for in-stock rice
NONTHABURI, 1 September 2015 (NNT) – The Ministry of Commerce is
set to initiate the 6th rice bidding to release 732,806 tons of the
government’s in-stock rice, and anticipates a good reception from the private
sector, an official says.
The Department of Foreign Trade (DFT) Director-General
Duangporn Rodphaya has revealed that the Ministry of Commerce is preparing to
release 732,806 tons of the government’s in-stock rice from the stock of the
Public Warehouse Organization and the Marketing Organization for Farmers. Ten types of rice are
available in this round of auctions, including 5 percent white rice, 10 percent
white rice, 10 percent sticky rice, 15 percent white rice, 25 percent white
rice, 100 percent Hom Mali jasmine rice, broken-milled A1 rice, Pathum Thani
rice, and broken-milled Hom Mali jasmine rice.The requirements examination for
this auction’s applicants will begin 7 September 2015, while the official
announcement for tenders will be made on 8 September 2015, the same day the
tender offer is announced. The DFT Director-General expects that this round of
auctions will receive much attention from entrepreneurs.
http://news.thaivisa.com/thailand/thailand-live-tuesday-1-sep-2015/112921/
Goal of 1 Million Tons of Rice Export
Unlikely
A Cambodian vendor cleans rice at
her shop in a roadside market in Phnom Penh, file photo.
31 August 2015
PHNOM PENH—
Several years ago, prompted by Prime Minister Hun Sen, Cambodia’s
rice exporters set a goal to ship out 1 million tons of milled rice by the end
of 2015. But millers and traders now say they are unlikely to reach that goal.In
the first seven months of the year, Cambodia has exported just over 312,000
tons. That’s a good jump from around 203,000 tons for the same period last
year, but far from what’s needed to meet the 1 million ton goal.Experts blame a
lack of capital, which means not enough rice in its husk can be bought and
stored before it’s processed.Hean Vanhan, director general of the Ministry of
Agriculture’s general directorate, said about 67 percent of Cambodia’s milled
rice exports went to Europe, 11 percent to Asia and 27 percent to other
destinations. A small portion went to the Middle East, he said.
Cambodia sent 74,000 tons of rice to China, the largest shipment
to a single country, followed by France, which received 40,000 tons, then
Poland, Malaysia, Netherlands, Czech Republic, England and Greece.Hean Vanhan
said it would be nearly impossible to achieve the 1 million ton mark. “But if
we all try in the next five months, perhaps we can accomplish it,” he said.Cambodia
is able to grow about 5 million tons of rice each year, but much of it is
either consumed in the country or shipped out, unprocessed, via Thai and
Vietnamese traders, to be processed in those countries and sold. Farmers need
to sell their rice right away, Hean Vanhan said. “They won’t keep their rice.
They need money immediately.
”Se La Len, general manager of Hak Se, a rice trading company,
said they spent a lot of money on heavy machinery to meet international
standards for export, but he cannot compete with buyers from Vietnam, who buy
rice from farmers. His company has exported 72 tons of milled rice.Other
companies have similar complaints. Lor Reaksmey, a spokesman for the Ministry
of Agriculture, agreed, saying that farmers often must sell their rice to
middlemen, allowing it to be processed—and profited from—by neighboring
countries.
http://www.voacambodia.com/content/goal-of-1-million-tons-of-rice-export-unlikely/2939388.html
Rice Federation Forecasts Exports to Resume as Scheduled in
Mid-September
RANGOON — Recently halted after
severe flooding that inundated swathes of the country, Burma will resume rice exports
as scheduled from mid-September, the country’s rice federation said on Monday.Members
of the Myanmar Rice Federation had agreed to a temporary pause on exports and
to sell domestically at regular prices to buyers in urgent need while
authorities’ and aid groups struggled to respond to the country’s worst
flooding in recent memory.
The rice federation forecasts requirements for local consumption
will be met following what would be over a month-long halt in mid-September.“New
rice will come onto the market as next month is harvest season, then the market
price will be stable,” said Soe Tun, joint secretary of the Myanmar Rice
Federation. “There is enough for local consumption now, that’s why we will
resume exports as scheduled.”Despite the federation’s urgings, rice prices
increased in some areas of the country and shortages were experienced in
townships seriously impacted by flooding, including in Chin State, Arakan State
and Magwe Division.
The Myanmar Rice Federation opened
some 20 rice shops in flood-affected areas, including in Rangoon and Mandalay,
to sell rice at the subsidized rate of around 22,000 kyat per 50 kilogram bag.But
according to reports from Sittwe, 50 kilogram bags were selling for between
60,000 to 96,000 kyat in the Arakan State capital.The federation stated in
early August that it would call on supplies of around 85,000 bags in Rangoon
and 15,000 in Mandalay to meet local demand.“Now the normal rice price is
stable at 20,000 kyat per [50 kilogram] bag,” Soe Tun said. “And I heard there
are only a few people buying rice in our 20 rice shops [in flooded areas],
that’s why we won’t delay rice exports.”Rice is a key export for Burma, with
the majority traded overland to China, through the Muse-Ruili checkpoint.
Min Zaw, a rice trader based in
Rangoon, said he expected the local price wouldn’t increase when traders were
able to resume rice exports to China, but consumers would have to wait and see.“There
is still enough rice on the market for local consumption and the price is still
stable,” he said.More than 1.3 million acres of paddy fields have been flooded
in Burma, mainly in Kale,
Kanbalu and Monywa in Sagaing
Division and the Myanmar Rice Federation predicted exports to be considerably
down on last year.“Though we expected to export about 2 million tons of rice
this year, we won’t reach that [target]. Now we expect to export less than 1.5
million tons,” Soe Tun said.Figures from the Ministry of Commerce put total
rice exports at more than 1.7 million tons in the 2014-2015 fiscal year,
reaping nearly US$645 million. Exports were shipped to 64 countries including
China and Japan, as well as other nations of ASEAN, Europe and Africa.
Workers harvest rice on Aug. 24, 2015, at the Mississippi State
University Delta Research and Extension Center in Stoneville, Mississippi.
(Photo by MSU Delta Research and Extension Center/Bobby Golden)
Image: rice farmer walks through a paddy field in a village
near Patheingyi, Irrawaddy Division, last year. (Photo: JPaing / The Irrawaddy)
http://www.irrawaddy.org/business/rice-federation-forecasts-exports-to-resume-as-scheduled-in-mid-september.html
Rice harvest underway,
yields, acreage in question
Paxton Fitts, left, and Whitney
Smith take tissue samples of rice leaves on Aug. 26, 2015, in a field at the
Mississippi State University Delta Research and Extension Center in Stoneville,
Mississippi. (Photo by MSU Delta Research and Extension Center/Kenner Patton)
STONEVILLE
— Rice harvest has begun in Mississippi, but only time will tell how many acres
were actually planted and how good yields will be.“There’s not a lot of yield
reports yet, but I think we’re going to have a good crop,” said Bobby Golden,
rice agronomist with the MSU Extension Service and researcher with the
Mississippi Agricultural and Forestry Experiment Station. “It probably won’t be
as good as last year, but we set records the last two years running.”The U.S.
Department of Agriculture reported on Aug. 23 that rice was 10 percent harvested.
Good weather has continued to hold since then, allowing rice harvest to move
quickly. USDA has estimated 80 percent of the crop is in good or excellent
condition.The number of rice acres headed to harvest is unclear. USDA reports
there are 175,000 acres of rice, but the Farm Service Agency has certified
142,000 acres. Golden estimated there are at least 160,000 acres.The crop had
to overcome two challenges to get to harvest: early wet weather and high heat
at key reproductive stages.
“Early
in the season, we had a lot of wet, rainy weather that may have slowed things
down,” Golden said. “There were some specific pockets in the north Delta that
were really wet, and this delayed the crop both in planting and in stand
establishment early in the season.“Late in the season, a lot of our rice
flowered when we were having excessive drought and a heat wave in late July and
August,” he said. “Those are the hurdles that will have the most impact on our
yield this year.”Rice had lighter pressure from disease this year compared with
2014, and stink bugs have been the biggest insect problem.“We had stink bug
problems early, and with our rice crop later than usual, as we harvest grain
sorghum, stinkbugs will migrate over to rice again in those very late-planted
fields,” Golden said.
“Disease problems were a lot milder than last
year. You’re always going to have occurrences of sheath blight, rice blast and
stem rot, but for the most part, the incidents were isolated in 2015.“There
have been a few fields where leaf blast has progressed to neck blast, resulting
in a considerable hit to yield,” he said.At this point in the season, tropical
storm threats are the biggest concern rice growers have as their crops finish.“Significant
wind or rain events could lodge rice and would influence harvest efficiency,”
Golden said.Brian Williams, agricultural economist with the MSU Extension
Service, said rice prices have been trending up since early summer from under
$10 per hundredweight to $11.65 per hundredweight on Aug. 21. These prices are
still below the $13 per hundredweight paid during the last week of August 2014.“A
big part of what is driving rice markets is global supply,” Williams said.
“While the USDA lowered global production in the most recent World Agricultural
Supply and Demand Estimates, we are still expecting a record rice crop.”
— By Bonnie Coblentz
MSU Ag Communications
Arkansas
Farm Bureau Daily Commodity Report
A comprehensive daily commodity market report for Arkansas
agricultural commodities with cash markets, futures and insightful analysis and
commentary from Arkansas Farm Bureau commodity analysts.Noteworthy benchmark
price levels of interest to farmers and ranchers, as well as long-term
commodity market trends which are developing. Daily fundamental market
influences and technical factors are noted and discussed.
Soybeans
|
High
|
Low
|
Cash Bids
|
908
|
878
|
New Crop
|
909
|
827
|
|
Riceland Foods
|
Cash Bids
|
Stuttgart: - - -
|
Pendleton: - - -
|
New Crop
|
Stuttgart: - - -
|
Pendleton: - - -
|
|
Futures:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
Sep '15
|
894.75
|
878.75
|
884.75
|
-12.75
|
Nov '15
|
886.75
|
868.50
|
874.00
|
-13.50
|
Jan '16
|
891.25
|
873.25
|
878.75
|
-13.50
|
Mar '16
|
892.50
|
875.25
|
881.00
|
-12.75
|
May '16
|
895.75
|
878.50
|
884.00
|
-12.50
|
Jul '16
|
899.75
|
882.50
|
887.50
|
-12.75
|
Aug '16
|
891.00
|
882.50
|
887.00
|
-12.75
|
Sep '16
|
|
|
875.25
|
-12.75
|
Nov '16
|
882.50
|
866.50
|
870.25
|
-13.50
|
|
|
Soybean Comment
Soybean prices closed lower today as the market gave back most
of its recent gains. Prices continue to be pressured by the downturn in the
Chinese economy. While there has yet to be any data to show a slowdown in
agricultural demand, the concern is that issues in the general economy will
spread to agriculture. The good news for the market is that lower prices are
likely to spur additional export sales which would provide some much needed
support to prices.
Wheat
|
High
|
Low
|
Cash Bids
|
--
|
--
|
New Crop
|
490
|
388
|
|
Futures:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
Sep '15
|
488.50
|
481.00
|
484.00
|
+1.50
|
Dec '15
|
491.50
|
482.25
|
486.25
|
+1.25
|
Mar '16
|
496.75
|
487.50
|
491.00
|
+0.75
|
May '16
|
500.75
|
492.50
|
495.00
|
+0.75
|
Jul '16
|
503.75
|
496.50
|
498.00
|
0.00
|
Sep '16
|
510.75
|
505.25
|
506.75
|
+0.25
|
Dec '16
|
522.75
|
517.00
|
518.75
|
-0.75
|
Mar '17
|
533.00
|
533.00
|
528.00
|
-1.25
|
May '17
|
|
|
531.25
|
-1.25
|
|
|
Wheat Comment
Wheat prices actually managed to close slightly higher despite
declines in other markets. This is fueling thoughts that wheat may have
actually found a bottom after prices marched lower in recent weeks. While gains
will be slow given the weak fundamentals of this market, any additional losses
should also be minimal.
Grain Sorghum
|
High
|
Low
|
Cash Bids
|
370
|
344
|
New Crop
|
370
|
300
|
|
Corn
|
High
|
Low
|
Cash Bids
|
364
|
335
|
New Crop
|
375
|
337
|
|
Futures:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
Sep '15
|
362.50
|
355.25
|
356.00
|
-7.75
|
Dec '15
|
374.50
|
367.50
|
369.00
|
-6.25
|
Mar '16
|
385.50
|
378.75
|
380.25
|
-6.00
|
May '16
|
391.75
|
385.25
|
387.00
|
-5.75
|
Jul '16
|
396.25
|
390.00
|
391.50
|
-5.75
|
Sep '16
|
390.50
|
384.50
|
386.00
|
-5.75
|
Dec '16
|
399.25
|
392.00
|
393.25
|
-6.25
|
Mar '17
|
406.75
|
404.75
|
403.50
|
-6.25
|
May '17
|
|
|
409.75
|
-6.25
|
|
|
Corn Comment
Corn prices slipped again today as concerns over the slowdown in
China combined with the improving expectations for this year’s crop prove to be
more than the market can handle. Old crop corn put in its lowest close since
mid-June. As for new crop corn it continues to hold support at $3.68. If prices
break this support tomorrow their next objective would be to retest contract
lows near $3.57.
Cotton
Futures:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
Oct '15
|
63.73
|
63.36
|
63.58
|
-0.16
|
Dec '15
|
63.18
|
62.2
|
62.7
|
-0.3
|
Mar '16
|
62.74
|
61.8
|
62.13
|
-0.45
|
|
|
Cotton Comment
Cotton futures were lower as bearish economic news continues to
come out of China. Concerns about the Chinese economy continue to overshadow
the smaller U.S. crop for now. December futures continued to retrace the gains
charted in reaction to the monthly supply/demand report with the next support
at the contract low of 61.20.
Rice
|
High
|
Low
|
Long Grain Cash Bids
|
- - -
|
- - -
|
Long Grain New Crop
|
- - -
|
- - -
|
|
Futures:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
Sep '15
|
1184.0
|
1158.0
|
1159.5
|
-28.5
|
Nov '15
|
1214.5
|
1175.0
|
1186.5
|
-29.5
|
Jan '16
|
1242.0
|
1204.0
|
1216.0
|
-29.0
|
Mar '16
|
1260.5
|
1241.0
|
1242.0
|
-28.0
|
May '16
|
1279.5
|
1279.5
|
1266.5
|
-27.5
|
Jul '16
|
|
|
1285.0
|
-28.0
|
Sep '16
|
|
|
1193.5
|
-22.0
|
|
|
Rice Comment
Rice futures retraced all of yesterday's gains and then some in
today's sell-off. The market was unable to overcome weakness from outside
markets as negative economic data continues to come out of China. Harvest
pressure will certainly pick up as well. USDA says that 26% of the crop has
been harvested. November found resistance at $12.25 yesterday, and support is
the recent low of $11.43 1/2.
Cattle
Futures:
|
|
Live Cattle:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
Oct '15
|
142.825
|
140.600
|
140.950
|
-2.250
|
Dec '15
|
145.000
|
143.025
|
143.200
|
-2.225
|
Feb '16
|
144.750
|
142.850
|
142.900
|
-2.250
|
Apr '16
|
143.300
|
141.500
|
141.600
|
-2.050
|
Jun '16
|
135.300
|
133.450
|
133.450
|
-2.125
|
Aug '16
|
133.250
|
131.725
|
131.725
|
-2.050
|
Oct '16
|
135.525
|
133.950
|
134.125
|
-1.975
|
Dec '16
|
136.225
|
134.875
|
135.200
|
-2.075
|
Feb '17
|
|
|
137.500
|
-0.950
|
|
|
Feeders:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
Sep '15
|
201.775
|
199.725
|
199.875
|
-1.950
|
Oct '15
|
197.225
|
194.950
|
195.100
|
-2.775
|
Nov '15
|
194.425
|
191.800
|
192.150
|
-3.000
|
Jan '16
|
188.825
|
185.625
|
185.900
|
-3.125
|
Mar '16
|
186.325
|
183.025
|
183.475
|
-3.125
|
Apr '16
|
186.250
|
183.700
|
183.825
|
-3.275
|
May '16
|
185.475
|
183.050
|
183.775
|
-3.225
|
Aug '16
|
184.500
|
184.250
|
184.250
|
-3.800
|
|
|
Cattle Comment
Cattle prices closed sharply lower today. Another round of
turmoil in Asian markets combined with a strengthening dollar has the market
worried about demand longer term. Pressure from outside forces have pushed
prices back near contract lows and could push them even lower if fundamentals
remain unchanged.
Hogs
Futures:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
Oct '15
|
68.750
|
67.050
|
68.000
|
-0.025
|
Dec '15
|
64.025
|
62.550
|
63.100
|
-0.525
|
Feb '16
|
67.875
|
66.750
|
67.175
|
-0.325
|
Apr '16
|
71.600
|
70.525
|
71.200
|
+0.075
|
May '16
|
76.200
|
75.600
|
75.825
|
+0.100
|
Jun '16
|
79.950
|
79.025
|
79.450
|
-0.050
|
Jul '16
|
78.800
|
78.100
|
78.375
|
-0.125
|
Aug '16
|
77.575
|
76.950
|
77.225
|
-0.125
|
Oct '16
|
67.250
|
66.900
|
66.900
|
-0.050
|
|
http://www.arfb.com/ag-markets-statistics/report/
APEDA
INDIA COMMODITY NEWS
International
Benchmark Price
|
Price on: 28-08-2015
|
Product
|
Benchmark Indicators Name
|
Price
|
Apricots
|
1
|
Turkish No. 2 whole pitted, CIF UK (USD/t)
|
5125
|
2
|
Turkish No. 4 whole pitted, CIF UK (USD/t)
|
4625
|
3
|
Turkish size 8, CIF UK (USD/t)
|
3625
|
Sultanas
|
1
|
Australian 5 Crown, CIF UK (USD/t)
|
2968
|
2
|
Iranian natural sultanas (Gouchan), CIF UK (USD/t)
|
2024
|
3
|
Turkish No 9 standard, FOB Izmir (USD/t)
|
2350
|
White
Sugar
|
1
|
CZCE White Sugar Futures (USD/t)
|
786
|
2
|
Kenya Mumias white sugar, EXW (USD/t)
|
691
|
3
|
Pakistani refined sugar, EXW Akbari Mandi (USD/t)
|
600
|
Source:agra-net
|
For more info
|
|
Market
Watch
|
Commodity-wise, Market-wise Daily Price on
31-08-2015
|
Domestic Prices
|
Unit Price : Rs per Qty
|
Product
|
Market Center
|
Variety
|
Min Price
|
Max Price
|
Rice
|
1
|
Jambusar (Gujarat)
|
Other
|
2600
|
3200
|
2
|
Bonai (Orissa)
|
Other
|
2200
|
2400
|
3
|
Vikasnagar (Uttrakhand)
|
Other
|
1939
|
1939
|
Wheat
|
1
|
Dhing (Assam)
|
Other
|
1500
|
1800
|
2
|
Bonai (Orissa)
|
Other
|
1450
|
1600
|
3
|
Khatra (West Bengal)
|
Other
|
1400
|
1500
|
Papaya
|
1
|
Aroor (Kerala)
|
Other
|
1800
|
2000
|
2
|
Solan (Himachal Pradesh)
|
Other
|
2500
|
3000
|
3
|
Batala (Punjab)
|
Other
|
2000
|
2400
|
Cabbage
|
1
|
Aroor (Kerala)
|
Other
|
2400
|
2400
|
2
|
Deogarh (Orissa)
|
Other
|
2000
|
3000
|
3
|
Dasuya (Punjab)
|
Other
|
1200
|
1500
|
Source:agra-net
|
For more info
|
|
Egg
|
Rs per 100 No
|
Price on 31-08-2015
|
Product
|
Market Center
|
Price
|
1
|
Pune
|
305
|
2
|
Nagapur
|
270
|
3
|
Hyderabad
|
295
|
|
|
|
Other
International Prices
|
Unit Price : US$ per package
|
Price on 31-08-2015
|
Product
|
Market Center
|
Origin
|
Variety
|
Low
|
High
|
Potatoes
|
Package: 50 lb cartons
|
1
|
Atlanta
|
Colorado
|
Russet
|
21
|
23.25
|
2
|
Baltimore
|
Canada
|
Russet
|
14
|
14
|
3
|
Detroit
|
Idaho
|
Russet
|
18.50
|
20.50
|
Carrots
|
Package: 20 1-lb film bags
|
1
|
Atlanta
|
California
|
Baby Peeled
|
19
|
20.75
|
2
|
Dallas
|
Arizona
|
Baby Peeled
|
16.75
|
17
|
3
|
Detroit
|
California
|
Baby Peeled
|
17
|
17.50
|
Apples
|
Package: cartons tray pack
|
1
|
Atlanta
|
Washington
|
Red Delicious
|
23
|
24
|
2
|
Dallas
|
Washington
|
Red Delicious
|
21.50
|
23
|
3
|
Detroit
|
Washington
|
Red Delicious
|
25
|
27.50
|
Source:USDA
|
|
Summer
Promotions Help U.S. Rice Dominate Turkish Imports
ISTANBUL,
TURKEY - U.S.-grown rice enjoyed a high profile summer in Turkey this year
thanks to USA Rice promotional activities, with quite tangible benefits. Although
domestic rice planting was up in Turkey this year, the U.S. still dominated
imports. The first six months of 2015 saw 208,000 metric tons of rice enter
Turkey, and the United States accounted for 34 percent of that with 71,500
metric tons, far outpacing the competition. The number two origin was India
with only 35,600 metric tons.Over the course of the summer, USA Rice worked
with media contacts throughout Turkey generating 62 articles and recipes
featuring U.S.-grown rice in July alone. Almost 2.4 million Turkish consumers
were reached.USA Rice also continued in-store promotions in the market, with 16
demonstrations at two hypermarkets here, reaching more than 10,000 consumers.
Contact: Eszter Somogyi 011-49-40-4503-8660
Vietnam
Food Association Visits USA Rice
Vietnamese
Delegation
Betsy
Ward (center) and Bob Cummings (far right) with leadership members of the
Vietnam Food Association
ARLINGTON, VA-- A 10-person delegation from the Vietnam Food Association
(VNA) completed a U.S. tour today with a visit to USA Rice's headquarters. The delegation, led by President Huynh The
Nang and Secretary General Huynh Minh Hue, provided an overview of Vietnam's
rice production and trade as well as challenges and opportunities facing
Vietnam's rice sector over the next five years.
Vietnam is one of the world's largest rice producers and exporters, and
the third largest supplier of U.S. imports.
Bob
Cummings, USA Rice COO and Jim Guinn, Vice President of International
Promotion, explained the structure, role and major program activities of USA
Rice and sought clarification about Vietnam's domestic rice support program. "Meetings
like today's are important to building relationships with other global traders in
rice," said USA Rice President and CEO Betsy Ward who also attended the
meeting. "But we have longstanding concerns about Vietnam's compliance
with its international trade obligations, and we will continue to press our
government to hold Vietnam and other rice producing and exporting countries
accountable to their trade obligations."
Contact: Bob Cummings (703) 236-1473
CME Group/Closing Rough Rice
Futures
|
CME Group
(Prelim): Closing Rough Rice Futures for September 1
September 2015
|
$11.595
|
- $0.285
|
November 2015
|
$11.865
|
- $0.295
|
January 2016
|
$12.160
|
- $0.290
|
March 2016
|
$12.420
|
- $0.280
|
May 2016
|
$12.665
|
- $0.275
|
July 2016
|
$12.850
|
- $0.280
|
September 2016
|
$11.935
|
- $0.220
|
|
P.F. Chang’s Launches Ricegivingsm Program to Feed Hungry Families
Partners with America’s rice farmers to donate
rice to Feeding America
August 31, 2015 03:22 PM Eastern Daylight Time
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--In honor of National Rice Month in
September, P.F. Chang’s is partnering with America’s rice farmers to launch
Ricegivingsm, an inaugural campaign designed to serve those in need
and help fight hunger. P.F. Chang’s has teamed with America’s rice farmers to
donate a bowl of rice for every main entrée purchased in the month of
September. The goal of the program is to donate 100,000 pounds of rice to
Feeding America, which will help feed 1MM people in need. P.F. Chang’s guests
are invited to grab their chopsticks and join the cause.
“We are thrilled to partner with P.F. Chang’s in the cause to
fight hunger in this country”
“We are honored to invite our guests to join in this important
cause by dining to donate,” said Michael Osanloo, Chief Executive Officer of
P.F. Chang’s. “Thanks to our loyal customers, we will be able to help put food
on the table for many American families.”According to Feeding America, more
than one in six people in the U.S. struggles with hunger every day. icegivingsm is another way organizations are coming together to fight this
reality and partner to end hunger, and it’s an opportunity for P.F. Chang’s restaurants
to make an impact in their local communities.
Promoted annually by the U.S. rice industry, National Rice Month
is a time to celebrate the harvest of the small, but mighty grain that has
influenced American meals and traditions for more than 300 years. This year
commemorates the 25thanniversary of National Rice Month and is the
first time the event has had a national restaurant sponsor. The partnership is
a natural fit for P.F. Chang’s because 100 percent of its rice is grown in the
U.S. In addition to sourcing locally grown rice, P.F. Chang’s is committed to
serving sustainable, non-GMO, and gluten-free rice in all 210 locations.
“We are thrilled to partner with P.F. Chang’s in the cause to
fight hunger in this country,” said Betsy Ward, President and CEO of USA Rice.
“Like us, the restaurant has a longstanding commitment to serving quality rice,
supporting American farmers, and giving back to the communities we serve.”As
the global advocate for the U.S. rice industry, USA Rice supports American farmers
and conducts programs to inform people about domestically grown rice. The U.S.
rice industry provides 125,000 jobs and produces 9 million tons of rice each
year, all of which is gluten and GMO free.
About P.F. Chang’s
P.F. Chang’s features a blend of high-quality, Asian-inspired
cuisine and American hospitality in a sophisticated, contemporary bistro
setting. The company owns and operates 210 domestic P.F. Chang’s restaurants in
39 states. For more information on P.F. Chang’s, please visit pfchangs.com,
and follow us on Facebook,
Twitter @PFChangs and Instagram.
About USA Rice
USA Rice is the global advocate for the U.S. rice industry,
conducting programs to inform people about domestically grown rice. U.S.
farmers produce an abundance of short, medium and long grain rice, as well as
organic and specialty rice including jasmine, basmati, Arborio, red aromatic
and black japonica, among others. For more information, visit www.USARice.com.
Contacts
http://www.businesswire.com/news/home/20150831006126/en/P.F.-Chang%E2%80%99s-Launches-Ricegivingsm-Program-Feed-Hungry#.VeWNSflViko?utm_source=USA+Rice+Daily%2C+September+1%2C+2015&utm_campaign=Friday%2C+December+13%2C+2013&utm_medium=email
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