Rice
News Headlines...
Ć Pakistan to export 100m tons of rice
to Iran
Ć How researchers are trying to grow an
unusual urban crop: Rice
Ć CCMB scientists to collaborate to
develop multi-resistant varieties of rice
Ć Basmati exporters' realisations down
18%
Ć South remains wet as Met sets up
watch for ‘low’ in Bay
Ć Cambodia to pass on Philippines’ rice
tender
Ć Four varieties of salinity tolerant
rice show promise
Ć NFA issues tender to import 750,000
tons of rice
Ć Early autumn tour to outskirts of
Seoul
Ć APEDA Commodity News
Ć Arkansas Farm Bureau Daily Commodity
Report
Ć DA and IRRI to host ministers from
ASEAN Plus Three and India tomorrow
Ć How to ensure rice self-sufficiency
in Nigeria, by processors
Ć USA Rice-DU Stewardship Partnership
Texas Reservoir Project Clears First Hurdle
Ć USA Rice Briefs House Agriculture
Committee Staff
Ć 60% of flood land remains barren
Ć CME Group/Closing Rough Rice
Futures
Ć Nagpur Foodgrain Prices Open-Sep 10
Ć Arkansas Farm Bureau Daily Commodity
Report
Ć How to ensure rice self-sufficiency
in Nigeria, by processors
News Detail...
Pakistan
to export 100m tons of rice to Iran
MENAFN - 09/09/2015
(MENAFN) Arrangements are being seen through by
Pakistan to export the excess rice to Iran instead of the money Pakistan has to
pay for electricity import.If things work out, Pakistan will ship one million
tons of basmati rice to Iran, up from the recent annually exported 700,000
tons, before the Iranian sanctions.Pakistan owes more than USD100 million to
Iran for electricity import, let alone the Iranian ban on rice imports from
Pakistan which was valid up until recently.
Almost 90 percent of rice is currently imported
from India even though imports from Pakistan are more economical, but things
are about to change starting next October
MENAFN.com
How researchers are trying to grow an unusual urban crop: Rice
By Rhea Yablon Kennedy September 10 at 2:42 PM
Urban farmer Nazirahk Amen,
left, and Che Axum, director of urban ariculture and gardening education for
the University of the District of Columbia, walk among their experiments in
dry-land rice at UDC’s Muirkirk Research Farm in Beltsville, Md. (Bill
O'Leary/The Washington Post)
As a
child in Northeast Washington, Mchezaji “Che” Axum recalls, he snacked on rice
with milk and sugar. And his colleague Nazirakh Amen grew up in Louisiana, home
of gumbo and etouffee, where, he proclaims — striking a fist on his desk for
emphasis — “You don’t. Eat. A meal. That doesn’t have rice.”Today, Axum directs
the Center for Urban Agriculture and Gardening Education at the University of
the District of Columbia; Amen runs Purple Mountain Organics and Wisdom Path
Healing Center, both in Takoma Park; and the two are collaborating on a project
based on rice — a local project with global implications.
Instead
of growing rice in the familiar paddies, they are conducting a three-year study
in growing it just as you’d raise wheat or eggplant or apples: that is, on dry
land. They’re doing it on a farm connected with one of the country’s smallest
land-grant universities, and the only one based in a city. The goal: to produce
a nutrient-dense crop that can be grown in urban areas.In recent years,
conventionally grown rice has been connected to some disturbing effects: high
levels of arsenic and lead, lavish water use, rice paddies that produce more
methane than cattle feedlots do.In truth, rice doesn’t require those
troublesome paddies.
Farmers
flood their fields chiefly because rice can grow underwater but most weeds
cannot.So some farmers have tried varieties of rice adapted to dry upland
areas. Others have reduced pesticide use or the size of paddies. Still others
employ the low-water, high-yield System of Rice Intensification developed at
Cornell University.
A few
years ago, Amen and Axum started to discuss small-scale grain production and
its role in maintaining a dependable local food supply. Amen submitted a
successful research proposal to CAUSES — the College of Agriculture, Urban
Sustainability and Environmental Sciences at UDC. Administrators there were
intrigued.“We were asking the question, could you grow rice in the District of
Columbia, in the Mid-Atlantic region, and could you grow it in a small space?”
recalls Sabine O’Hara, dean of CAUSES and director of UDC’s land-grant
programs. They also wanted to grow it without disturbing the dense urban
ecosystem: no standing water that could breed mosquitos, no pesticides that
might contaminate water or air.
Che Axum inspects the
results of his experiments in dry-land rice at UDC's Muirkirk Research Farm in
Beltsville, Md. (Bill O'Leary/The Washington Post)
Obstacles and success
The
Nutrient Dense Rice Project, as it’s officially called, uses a U.S. Department
of Agriculture grant to track and compare the growth of two rice varieties —
the Russian Duborskian strain and Koshihikari from Japan — irrigated with lines
buried at two levels, six inches deep or one inch deep. All plants receive
meticulous application of natural fertilizers at specific stages of rice kernel
development.Axum and Amen planted the first crop at UDC’s Muirkirk Research
Farm in Beltsville, Md., in the spring of 2014, and the trial was on.There were
obstacles. Stink bugs, Japanese beetles and cucumber beetles munched the
plants, and the yields weren’t as high as Amen had expected. UDC didn’t have a
soil and plant testing lab set up, and the team wasn’t able to hire a student
worker, as it had hoped to do.The successes, however, were clear. Amen and Axum
cut water use to almost half what farmers usually apply, thanks to the buried
irrigation lines and strategic watering times.
The
Koshihikari strain, with irrigation lines laid one inch under the soil,
delivered the best results: more than 2,800 pounds of rice per acre, almost
double the yields seen by
Maryland farmer Heinz Thomet, who
has been experimenting with rice for four years.Furthermore, contamination with
heavy metals was dramatically reduced. The amounts of cadmium, arsenic and lead
in that first crop were all below detectable levels.Meanwhile, Amen has
traveled to learn from farmers and to present at sustainable-agriculture
conferences. “I try to talk to whoever I can,” says Amen, who says he doesn’t
consider himself a farmer. “I have buddies.”During this 2015 growing season,
Amen is seeking to increase yields by applying what he learned through those
connections and the first year’s results. He has also teamed with Thomet to
embark on a new experiment, testing 10 different rice varieties through Amen’s
connections. The varieties come from places as far-flung as Brazil and the
Philippines, and as close as Massachusetts.To show their that methods are
viable, the researchers must replicate the same results at least three times,
so the experiment will take years.
Rows
of rice are growing on dry land, rather than in traditional paddies, at UDC’s
Muirkirk Research Farm. Irrigation lines are buried beneath the plants. (Bill
O'Leary/The Washington Post)
A global challenge
As the
District’s population has grown, so have communal efforts. District residents
embrace co-housing, co-working and co-ops of all kinds. Shared bikes cruise
city streets. Community garden members keep communal sheds and compost piles,
and the Department of Parks and Recreation offers collective composting and a
city-wide tool share.Similar efforts on a global scale aren’t as easy. Food
production, distribution and environmental impact are major concerns as the
Earth’s population balloons toward 9 billion, O’Hara points out. “If we don’t
take another look at the food system and where we grow things and how we grow
things, we’re not going to meet that challenge,” she says.
That is
where the Nutrient Dense Rice Project could contribute. Until now, small
growers had to scale down agricultural research findings to fit small farms or
community gardens. The new rice trials could flip that model, generating
methods that cities worldwide could adopt as is. O’Hara sees immediate
applications for countries like China, where most of the arable land is maxed
out. Then there’s the promise of new enterprise for small farmers.The project’s
grant application reads at times like a sustainable-farming manifesto. It
refers to small grains such as rice as “the base of humanity’s food security”
and declares: “Our future depends on creating models of adaptability. Putting
grain production into the hands of the small farmer is a step in the right
direction.”
And how
about the quality?
Axum has
yet to test the first year’s rice for nutrition, but flavor is an indicator of
nutrient density. The tastier, the more nutritious. Recalling the sample he
prepared in the rice cooker he bought for the experiment, he reports “real,
natural flavor” that’s “earthy” and “a true experience.”As for Amen, he calls
it both fresh and satisfying. “Maybe it’s just me being delusional,” he says
finally, “but to eat that rice that we grew and got to the plate, that was
amazing.”
Kennedy
is a lecturer at Gallaudet University and a freelance writer. Her Web site is rheakennedy.com.
CCMB scientists to collaborate
to develop multi-resistant varieties of rice
HYDERABAD: A project to develop multi-resistant
varieties of rice is being undertaken by scientists here. The Centre for Cellular and Molecular Biology (CCMB),
Directorate of Rice Research (DRF) and Agri Biotech Foundation singed an MoU to
collaborate on the project titled "Molecular cross talks between defense
pathways in rice: antagonism to synergism". This project is funded by the
Indian Council of Agricultural Research to the extent of about Rs. 1.4 crores. It may be mentioned here that CCMB with DRR had developed a
bacterial blight resistant Samba Mahsuri rice variety. Accoridng to CCMB
director Dr. Ch. Mohan Rao, during extensive interactions with farmers, their
needs were understood.
"One such need is protection from other
infections as well for the variety of rice developed. It is also possible that
over the time, resistance of the improved Samba Mahsuri rice may be overcome by
the bacteria. It is necessary to continue to investigate plant pathogens and
host defense systems," he said. The idea now is to incorporate resistance to
different infecting agents simultaneously. "However, if we incorporate
multiple genes, they may work in synergy or they may antagonize each other.
Thus, it is necessary to understand the molecular cross talks between defense
pathways to develop multi-resistant varieties," he said.
Dr. Ramesh Sonti, Chief Scientist, CCMB, Dr. J.S. Bentur, Subject Matter
Specialist, Dr. G. Mallikarjuna, Assistant professor, ABF, Dr. M. Srinivas
Prasad, Dr. R. M. Sundaram, Dr. A.P.Padma Kumari, and Dr. G.S. Laha, senior
scientists from DRR, Hyderabad are the collaborators from respective institutes.The
expected outcome of this project would be: Identification of set of genes
induced when rice plant is infested with either BB or blast pathogens or gall
midge, either solely, sequentially or simultaneously, possible synergism of
certain combination of genes in conferring non-target pest resistance, possible
antagonism of certain combination of genes and to avoid use of such
combinations and cross resistance against non-target pests/pathogens conferred
by gene pyramids.
Dr M R VishnuPriya, Head, PME and plant molecular
biologist, CCMB said that understanding such gene interactions are indeed
essential to develop effective multiple pest resistance in rice. CCMB director Mohan Rao said that such collaborative efforts
would greatly help developing more multiple pest resistant rice varieties
enhancing farmers' revenue. Such initiatives contribute towards country's
economy by the development of disease-resistant rice varieties, he said.
http://timesofindia.indiatimes.com/city/hyderabad/CCMB-scientists-to-collaborate-to-develop-multi-resistant-varieties-of-rice/articleshow/48902491.cms
Basmati exporters' realisations down 18%
Although
Indian basmati exports
might see a growth in volume this year, the average realisation per tonne is
projected to be lower for the kharif season 2015 crop.The harvesting of basmati
paddy (mainly grown in Punjab, Haryana and Western Uttar Pradesh) would
commence from September last week and the traders are yet to exhaust the kharif
2014 stock.Fall in realisations is also because of competition from Pakistan.
After lifting of sanctions on Iran, Pakistan is also exporting to that country,
though the overall demand from Iran has been low.The competition among domestic
exporters has triggered a price reversal.Export prices have registered a drop
of $220 per tonne this year and this indicates a fall of about 18 per cent over
the last year.
The
average realisation per tonne of basmati rice was earlier close to $1,220,
while the average value of contracts being registered currently with APEDA
(Agri and Processed Food Products Exports Development Authority) is $950-1,000
per tonne. There has been no variation in basmati demand from importing
countries but the prices have plunged due to excess supplies.Lured by high
returns of an average $1,295 a tonne in the international market for the
basmati varieties, PUSA 1121 and PUSA 1509, the traders purchased every single
grain from the farmers during the kharif 2013. The area under basmati
cultivation also increased from 1.8 million hectare to 2.13 million hectare in
the last two years, anticipating an upward trend in price.
This
resulted in over supplies and now the Indian basmati exporters are competing
amongst themselves to clear their stocks.Ashwani Arora, director LT Overseas
(Dawaat Brand Basmati) endorsed the trend of fall in export prices.“We are
expecting a year-on-year growth of 15 per cent but this might not translate
into same proportion in value terms as the prices have declined,” he said.
Arora’s company registered an export turnover of Rs 1,300 last year but he is
sceptical about retaining the same margins.Pakistan is also emerging as a
competitor after the lifting of US sanctions on Iran.
This
country accounts for 38 per cent of India’s Basmati exports. Although the
availability of basmati and processing facility in Pakistan is limited but
increase in Pakistan’s participation in global market can provide a choice to
the importers can make a dent on the profits of Indian exporters.The exporters
have a cushion as the purchase price of basmati has also dwindled from Rs 4,000
per quintal in kharif 2013 to about Rs 1,600-1,700 per quintal in the current
season.A senior official in APEDA said that Indian exporters can retain the
high price in the international market due to the unique qualities (aroma and
length) of basmati but they need to invest in branding. The big brands are able
to insulate themselves from price corrections, but unorganised players are
likely to be more affected, he added.Basmati exports are
among the top foreign exchange earners for the country.
Business Standard
South remains wet as Met sets up watch for ‘low’ in Bay
VINSON KURIAN
The Hindu
THIRUVANANTHAPURAM,
SEPTEMBER 9:
A helpful trough extending lately from north Madhya Maharashtra
to Lakshadweep across interior Karnataka has piloted rain into parts of Central
India overnight on Wednesday.Though no heavy rainfall was reported, the spell
was spread out across peninsular and adjoining Central India as well as along
the West Coast.
Watch
for ‘low’
Apart from the trough, a fresh
cyclonic circulation over West-central Bay of Bengal helped anchor the spell.
India Met Department expects this to settle as a low-pressure area over ‘next
three-four days.’Forecasts about further evolvement of the ‘low’ vary from one
agency to the other with the European Centre for Medium-Range Weather Forecasts
suspecting it may loiter about in the Bay for some time.It would be made to
share the southwest monsoon flows with a stronger system upstream (east) likely
developing in the South China Sea.The Bay ‘low’ and the building system in the
South China Sea will both draw on the flows being masterminded by typhoon ‘Kilo’
in the northwest Pacific (off Japan).
Depression
likely?
Given this, the Bay ‘low’ may not ramp up to the strength
earlier estimated; it will move laterally west from the Andhra Pradesh coast
and across the central peninsula into the Arabian Sea off Konkan-Goa.But the US
National Centres for Environmental Prediction suspects that the ‘low’ could
intensify as a monsoon depression in the Bay and approach the Odisha coast in a
week’s time from now.The US Centre for Climate Prediction sees above-normal rain
for central peninsula during the week ending September 14 (Monday). The rain
will spread to Central India during the week that follows.Withdrawal of monsoon
could remain suspended until September 21 until the rains clear out
progressively from the Central India and South Peninsula.
Withdrawal
stalls
On Wednesday, the withdrawal line
remained stalled along Amritsar-Hissar-Ajmer-Barmer alignment across Punjab and
Rajasthan. The Met also refrained to take call on further withdrawal from the
region.It sais that the monsoon was active over Marathwada, Rayalaseema,
coastal and north interior Karnataka during the 24 hours ending Wednesday
morning.The ongoing spell has helped push the Met subdivisions of coastal
Andhra Pradesh, Rayalaseema, south interior Karnataka, Tamil Nadu and
Puducherry into ‘rainfall normal’ category.Agency reports from New Delhi quoted
Met as saying that the overall deficit has come down by two percentage points
to 12 per cent on Wednesday.
(This
article was published on September 9, 2015)
Cambodia to pass on Philippines’
rice tender
Thu,
10 September 2015
State-owned agriculture company Green Trade said yesterday that
it will not participate in the latest Philippine government’s rice auction as
Cambodia’s rice cannot compete on price with neighbouring Thailand and
Vietnam.The Philippines’ National Food Authority (NFA) yesterday authorised the
import of 750,000 tonnes of rice and has invited the governments of Cambodia,
Thailand and Vietnam to join the bidding process to fill the quota, according
to a report from Reuters.But having already lost out twice in the past 12
months, Heang Vutha, director general of Green Trade, said the new tender,
which has set a closing date on bids of September 17, is too soon to expect
costs to have come down to the point where Cambodia can compete.“Our cost of
rice is still higher than other countries so we will consider joining the next
bid when we can lower the cost of rice,” Vuthea said, referring to a potential
future Philippine’s offer beyond this month.
In its most recent effort, Cambodia lost out on a 100,000-tonne
Philippines’ rice bid to Vietnam in June.Vietnam’s, $417 per tonne, was only marginally
smaller than Thailand’s, but Cambodia’s final bid of $455.50 per tonne was way
above the reference price of $408.15 Higher transportation and electricity
costs lead the list of factors that have prohibited Cambodia from bidding
competitively, according to Vutha.“We are on the process of discussing which
sectors we can cut cost that would lower the cost of rice as a result,” he
said.However, Song Saran, CEO of Amru Rice Company, said that Cambodia could
still be competitive in the bidding process if the government was willing to
share in some loses and offer incentives to private exporters, through tax
cuts, low-interest loans, lower electricity fees or transportation cost
reduction.
“It is a good opportunity for Cambodia to open the market there again,
to show about our quality rice” he said. “We want to get the new experience for
Filipino clients as well.”Moul Sarith, acting secretary general of Cambodia
Rice Federation said that Cambodia has the quality to compete, but would still
run at a loss if it were to drop its prices to below that of Vietnam, due to
the higher costs of production and exports.“NFA needs good quality rice at a
low price and we could not compete with the cost of rice,” he said.Sarith said,
however, his members had not yet decided if they would push for a bid on the
latest offer from the Philippines.
Four varieties of salinity tolerant rice show promise
Bangladeshi scientists develop
first transgenic rice infusing pea gene; up to 50pc higher yield potential
The team of scientists who have developed four salinity-tolerant
rice varieties. Photo: Collected
Bangladeshi scientists have developed four transgenic rice
varieties capable of production in high soil salinity, far better than the ones
now available in the market that were derived from conventional breeding.A
particular pea gene -- helicase -- was infused into four high yielding rice
varieties (HYVs) that helped rice plants have higher salt tolerance and higher
yield potential, scientists told The Daily Star.They were readying two most
promising varieties for trials in greenhouses.In lab and net house, the
transgenic varieties had shown potential to yield up to 50 percent more than
the available salt-tolerant HYVs in saline-stressed soil.In Bangladesh, one
million hectares out of a total nine million hectares of cultivable land are
salinity affected, and the vulnerability is more profound during the dry
season. That's why the scientists chose the dry season Boro rice varieties
first for the gene transfusion.
A team led by Dhaka University's Biochemistry and Molecular
Biology Professor Zeba Islam Seraj made it possible after a decade of
research. Agriculture Minister Matia Chowdhury yesterday
called Zeba to congratulate her and her team for the breakthrough and promised
support. A transgenic crop plant contains a gene or genes which have been
artificially inserted.The Zeba-led team applied multiple techniques of breeding
that include genetic engineering, tissue culture and marker-assisted
backcrossing.Zeba first procured the pea gene from International Centre for
Genetic Engineering and Biotechnology (ICGEB) and then using Agrobacterium as
carrier infused the salt-tolerance vigour into home-grown rice variety
Binnatoa.
The team of scientists who have developed four
salinity-tolerant rice varieties. Photo: Collected
Later, her team crossed the helicase-infused Binnatoa with four
HYVs, BRRI Dhan-28, BRRI Dhan-29, BRRI Dhan-36 and BRRI Dhan-47.Agrobacterium
is well known for its ability to transfer organism's genetic information between
itself and plants, and for this reason it has become an important tool for
genetic engineering.All the four HYVs were developed by the Bangladesh Rice
Research Institute (BRRI) and are known for their high yield
potential. Zeba and her team are now concentrating on two transgenic rice
varieties (derived from BRRI Dhan-28 and BRRI Dhan-47) as these two have been
found to have the most potential.
Once the biosafety regulators give permission in a meeting
scheduled later on this month, the two rice varieties would be put on confined
trials inside BRRI's transgenic greenhouse and then on controlled field
trials.Zeba expects farmers to have the transgenic rice for cultivations in two
to three years, provided the trials go well. Team member Md Sazzadur
Rahman, senior scientific officer of BRRI, told The Daily Star that BRRI
Dhan-47 was a salt tolerant HYV and could withstand up to 8 decisiemens per
metre of salinity."If you grow BRRI Dhan-47 in non-saline condition, it
has 7 tonnes of potential yield per hectare, but it will give you half the
yield in 8 decisiemens per metre saline condition as after 4 decisiemens per
metre threshold, yield continues to drop with rising salinity," he said,
adding that the transgenic rice showed potential of providing up to 50 percent
more yield in moderate saline conditions.
Zeba, who was instrumental behind the government's move to employ
employing late Maqsudul Alam in jute genome sequencing, told The Daily Star,
"There are salinity level up to 15/16 decisiemens per metre in coastal
regions but even if we can cover 50 percent of the moderate salinity-prone
farmland under transgenic rice, the country's rice productivity would have a
significant boost."The other core members of salt tolerant transgenic rice
project team are Mahzabin Amin, Sudip Biswas, Tasnim Ahmed, Sabrina M Elias,
and Narendra Tuteja. Bangladesh Council of Scientific and Industrial
Research (BCSIR, popularly known as Science Laboratory) played a vital role in
helping the scientists develop the rice.
"We've state-of-the-art real-time PCR [polymerase chain
reaction] facilities in our Rajshahi centre and we let the team use that. It
helped them know easily how the pea gene is expressed in the varieties they've
infused it with," said M Rezaul Karim, a principal scientific officer of
Bcsir. The PCR is a technology in molecular biology used to amplify a
single copy or a few copies of a piece of DNA across several orders of
magnitude, generating thousands to millions of copies of a particular DNA
sequence.
Talking to this correspondent yesterday, Agriculture Minister
Matia Chowdhury said better rice breeds that could withstand salinity would
align well with the government's new policy of promoting Boro in the southern
region and rain-fed Aman in the northern region."We just don't want to
further deplete the groundwater level in the North by cultivating too much of
irrigated-rice. So if we can grow more salt tolerant rice in the saline-prone
South, we'll emphasise on growing more rain-fed Aman and Aus in the North."She
said government would arrange for more funding for pursuing biotechnology so
that more stress-resistant varieties could be developed.
NFA issues tender to import 750,000 tons of
rice
The National Food Authority (NFA) said it has scheduled the
bidding for 750,000 metric tons (MT) of imported rice on September 17 to plug
the expected shortfall in Philippine paddy rice output due to El NiƱo which
could persist until next year.The state-run food agency said the volume already
includes the 500,000 MT of imported rice the NFA would need to beef up its
buffer stocks for next year. The procurement will be done under a
government-to-government scheme.NFA Administrator Renan B. Dalisay said Thailand,
Vietnam and Cambodia have been invited to participate in the auction.“We
decided to procure the whole volume, but only the 250,000 MT buffer stock for
El NiƱo will arrive this year.
We want to get [the whole volume] now—to ensure that we will
also have buffer stocks for next year—while there is still supply and prices in
the world market are still low,” Dalisay said in a text message.He said the
volumes were based on the recommendation of the interagency Food Security
Committee on Rice, which is chaired by the National Economic and Development
Authority.Dalisay said the government decided to include the 2016 rice
requirement in the September 17 auction as supply in the world market might not
last due to increased demand from other countries affected by El NiƱo. The
weather phenomenon, which could also cut rice output in other countries, is
expected to cause international rice prices to go up.
According to the terms of reference (TOR) for the procurement of
rice posted on the NFA’s web site, all offerors are required to submit their
offer in US dollars per MT, on the basis of cost insurance and freight,
delivery at place, free on warehouse up to NFA-designated warehouses.
The NFA said the evaluation of the offer and contract award will
be done on the basis of the lowest price offered, provided that the offer
conforms to the volume and delivery period requirements.Delivery of rice
shipments will be done on a staggered basis. For the 250,000 MT standby
authority for El NiƱo, 125,000 MT will be delivered by the end of November, and
the remaining half by the endof December.
The 500,000 MT intended for the 2016 rice supply will be shipped
in the first quarter of next year—175,000 MT by the end of January, 175,000 MT
by the end of February and 150,000 MT by the end of March.The NFA said the
total volume of rice it has contracted in 2015 has reached 1.787 million metric
tons (MMT). This includes the 250,000 MT rice volume it will import in
preparation for the El NiƱo, which is expected to intensify starting October
and will last until May next year.Data from the Philippine Statistics Authority
showed that the country’s total palay production for 2015 may decrease by 0.6
percent to 18.86 MMT as compared to last year’s 18.97 MMT due to the effects of
the drought.
http://www.businessmirror.com.ph/nfa-issues-tender-to-import-750000-tons-of-rice/
Early autumn tour to outskirts of Seoul
Early autumn sunset in
Pyeongtaek.
(Photo: Rahul Aijaz)
Winter is coming. No, seriously,
winter is coming. But for now, it is autumn in Korea (which is quite similar to
winters in Karachi, Pakistan). Chilly winds, moody weather – sometimes sunny;
at others, rainy, and at times, both simultaneously. And upon stepping away
from Seoul for a day, even waving green fields, scarecrows and a ton of
bugs.So, we set out to Incheon to visit ‘Ssang Yong Machine Industry’, a
factory producing machinery for qualitative analysis of rice. Factories, to me,
are full of rusty machinery, grease-dripping metal parts in a low-lit arenas
where men, drowned in sweat, work.
This was not the case here. There
were workers, there was machinery, but everything was as clean as a showered
baby wrapped in a blanket. Not a perfect analogy but still.I paced around the
grey machinery, surrounded by dull walls and the organized microscope
look-alike machines on the tables, taking a photograph every now and then. We
were given a tour of the storage of rice and machinery as well as demo of the process
of qualitative analysis. Next was the visit to a mattress manufacturing office.
A number of mattresses made from
the outer hard skin of coconuts, lay around me. The CEO of the company, Mr. Kim
explained the process, showing us multiple examples. What surprised me was how
it was not only used to manufacture mattresses for hospitals and children beds
but also used in police jackets and other multiple objects. Learning something
new, having a coffee and red ginseng tea, we left for Pyeongtaek.A mere one
hour drive later, during which a good nap reenergized me, I woke up surrounded
by vast rice fields. A tour of the ‘Nam Yang Agriculture’ company followed.
The president Mr. Shin
accompanied us throughout, detailing every process with his narration.During
dinner, I realized what occurred during lunch, when I tried eel and octopus,
wasn’t the strangest moment. I usually enjoy fried shrimp. Dead. Fried. Shrimp.
Not alive. Not by any chance. When asked if I would like shrimp for dinner, I
nodded in excitement. Then I saw the shrimp in the plate, moving. That was
enough to stop me from eating them. I thought, poor souls, I am not going to
eat them alive. Technically, they were dead but just the sight of seeing them
move freaked me out.But then I was distracted by the beautiful calm night,
listening to the sounds of the sea beside, as I fed on raw fish and consumed
beer.The night came to an end and we drove back to Seoul, while I stared out
the window remembering the beautiful autumn sunset I saw earlier that evening.
APEDA Commodity News
|
International Benchmark Price
|
|
Price
on: 10-09-2015
|
|
Product
|
Benchmark
Indicators Name
|
Price
|
|
Rice
|
|
1
|
CZCE Early
Rice Futures (USD/t)
|
430
|
|
2
|
Pakistani
100%, FOB Karachi (USD/t)
|
318
|
|
3
|
Pakistani
25% Broken (USD/t)
|
383
|
|
Wheat
|
|
1
|
CZCE Wheat
Futures (USD/t)
|
358
|
|
2
|
NYSE Liffe
Feed Wheat Futures (USD/t)
|
169
|
|
3
|
NYSE Liffe
Milling Wheat Futures (USD/t)
|
166
|
|
Honey
|
|
1
|
Argentine
85mm, CIF NW Europe (USD/t)
|
3190
|
|
2
|
Australian
extra light/light amber, CIF NW Europe (USD/t)
|
4785
|
|
3
|
Argentine
34mm, CIF NW Europe (USD/t)
|
3685
|
|
Source:agra-net
|
For
more info
|
|
|
Market Watch
|
|
Commodity-wise,
Market-wise Daily Price on 10-09-2015
|
|
Domestic
Prices
|
Unit
Price : Rs per Qty
|
|
Product
|
Market
Center
|
Variety
|
Min
Price
|
Max
Price
|
|
Bajra(Pearl Millet)
|
|
1
|
Amreli
(Gujarat)
|
Other
|
1075
|
1560
|
|
2
|
Loharu
(Haryana)
|
Deshi
|
1275
|
1275
|
|
3
|
Nira
(Maharashtra)
|
Other
|
1550
|
1825
|
|
Rice
|
|
1
|
Gauripur
(Assam)
|
Other
|
1800
|
3000
|
|
2
|
Kondotty
(Kerala)
|
Other
|
7000
|
7200
|
|
3
|
Aroor
(Kerala)
|
Other
|
2900
|
3100
|
|
Apple
|
|
1
|
Ateli
(Haryana)
|
Other
|
5200
|
5200
|
|
2
|
Nagpur
(Maharashtra)
|
Other
|
4000
|
7000
|
|
3
|
Karanjia
(Orissa)
|
Other
|
5000
|
6000
|
|
Onion
|
|
1
|
Howly
(Assam)
|
Onion
|
5000
|
5500
|
|
2
|
Muzaffarpur
(Bihar)
|
Other
|
4400
|
4580
|
|
3
|
Barwala
(Haryana)
|
Onion
|
3000
|
4000
|
|
|
For
more info
|
|
|
Egg
|
Rs
per 100 No
|
|
Price
on 10-09-2015
|
|
Product
|
Market
Center
|
Price
|
|
1
|
Ahmedabad
|
316
|
|
2
|
Chittoor
|
316
|
|
3
|
Pune
|
315
|
|
|
|
|
Other International Prices
|
Unit
Price : US$ per package
|
|
Price
on 04-09-2015
|
|
Product
|
Market
Center
|
Origin
|
Variety
|
Low
|
High
|
|
Onions Dry
|
Package:
40 lb cartons
|
|
1
|
Atlanta
|
Georgia
|
Yellow
|
27
|
30
|
|
2
|
Baltimore
|
Peru
|
Yellow
|
28
|
28
|
|
3
|
Detroit
|
California
|
Yellow
|
28
|
28.50
|
|
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
|
18
|
20
|
|
2
|
Dallas
|
Washington
|
Red
Delicious
|
22
|
22
|
|
3
|
Chicago
|
Washington
|
Red
Delicious
|
13.50
|
14.50
|
|
Source:USDA
|
|
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
|
902
|
817
|
|
New Crop
|
892
|
810
|
|
|
Riceland Foods
|
|
|
Cash Bids
|
Stuttgart: - - -
|
Pendleton: - - -
|
|
New Crop
|
Stuttgart: - - -
|
Pendleton: - - -
|
|
|
|
Futures:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
|
Sep '15
|
888.00
|
882.75
|
884.50
|
+1.75
|
|
Nov '15
|
879.25
|
868.50
|
874.00
|
+1.75
|
|
Jan '16
|
883.00
|
872.50
|
877.50
|
+1.50
|
|
Mar '16
|
885.00
|
874.25
|
879.50
|
+1.00
|
|
May '16
|
886.25
|
876.75
|
881.25
|
+0.75
|
|
Jul '16
|
890.00
|
881.00
|
885.25
|
+1.00
|
|
Aug '16
|
887.25
|
879.75
|
883.50
|
+0.50
|
|
Sep '16
|
873.75
|
872.50
|
871.25
|
+0.25
|
|
Nov '16
|
869.50
|
861.25
|
865.25
|
+0.50
|
|
|
Soybean Comment
Soybeans
closed slightly higher, however prices failed to hold early momentum and closed
near the bottom of trading range. Soybeans remain under pressure as large
supplies and slow export demand remain the top focus of traders. Tomorrows
report is expected to show tighter supplies however some of this could be
offset by lower exports
Wheat
|
High
|
Low
|
|
Cash Bids
|
440
|
430
|
|
New Crop
|
480
|
455
|
|
|
|
Futures:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
|
Sep '15
|
468.75
|
462.75
|
468.00
|
+6.00
|
|
Dec '15
|
479.50
|
471.50
|
478.00
|
+5.75
|
|
Mar '16
|
486.75
|
479.00
|
486.00
|
+5.75
|
|
May '16
|
491.75
|
485.00
|
491.00
|
+5.50
|
|
Jul '16
|
496.50
|
490.00
|
495.50
|
+5.25
|
|
Sep '16
|
505.50
|
500.00
|
504.25
|
+4.50
|
|
Dec '16
|
517.25
|
512.00
|
517.25
|
+5.25
|
|
Mar '17
|
|
|
526.00
|
+4.50
|
|
May '17
|
|
|
524.00
|
+4.50
|
|
|
Wheat Comment
Wheat
closed higher as all commodities were able to post gains today. Wheat remains
under pressure from weak fundamentals and tomorrow's report is not likely show
significant improvement. Wheat prices are likely to remain depressed and tied
closely to other commodities.
Grain
Sorghum
|
High
|
Low
|
|
Cash Bids
|
384
|
346
|
|
New Crop
|
384
|
353
|
|
|
Corn
|
High
|
Low
|
|
Cash Bids
|
359
|
324
|
|
New Crop
|
379
|
331
|
|
|
|
Futures:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
|
Sep '15
|
362.25
|
355.50
|
361.75
|
+5.25
|
|
Dec '15
|
374.75
|
366.75
|
374.25
|
+5.25
|
|
Mar '16
|
386.00
|
378.25
|
385.50
|
+5.25
|
|
May '16
|
392.75
|
385.25
|
392.50
|
+5.00
|
|
Jul '16
|
397.75
|
390.25
|
397.50
|
+5.00
|
|
Sep '16
|
392.25
|
385.50
|
391.75
|
+3.75
|
|
Dec '16
|
398.50
|
392.00
|
398.00
|
+3.50
|
|
Mar '17
|
408.75
|
403.00
|
408.25
|
+3.50
|
|
May '17
|
|
|
414.50
|
+3.50
|
|
|
Corn Comment
Corn
prices closed near daily highs today. The average trade estimate is for yields
to be reduced and stocks to decline around 100 million bu from last month.
While this is still higher than stocks started last month it will help support
prices. This said, there is some speculation yields could increase which would
likely push prices to new contract lows.
Cotton
|
Futures:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
|
Oct '15
|
63.72
|
63.25
|
63.48
|
0.16
|
|
Dec '15
|
63.9
|
62.91
|
63.05
|
0.13
|
|
Mar '16
|
63.58
|
62.68
|
62.8
|
0.12
|
|
|
Cotton Comment
Cotton
futures closed higher but at the bottom of the day's trading range after
failing at resistance at 64 cents. A Wall Street Journal poll of analysts shows
projected U.S. production of 13.78 million bales, up from the USDA estimate of
13.08 million bales last month. New USDA numbers will be released tomorrow.
December is attempting to consolidate just above support at 62 cents.
Rice
|
High
|
Low
|
|
Long Grain Cash
Bids
|
- - -
|
- - -
|
|
Long Grain New
Crop
|
- - -
|
- - -
|
|
|
|
Futures:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
|
Sep '15
|
1239.0
|
1235.0
|
1243.5
|
+22.0
|
|
Nov '15
|
1274.0
|
1238.5
|
1267.0
|
+20.5
|
|
Jan '16
|
1302.5
|
1269.0
|
1295.0
|
+20.0
|
|
Mar '16
|
1314.5
|
1310.5
|
1315.0
|
+18.0
|
|
May '16
|
1337.5
|
1332.5
|
1327.0
|
+11.5
|
|
Jul '16
|
1350.0
|
1335.0
|
1341.5
|
+11.0
|
|
Sep '16
|
|
|
1258.5
|
+7.5
|
|
|
Rice Comment
Rice
futures continued to climb higher. News that the Philippines is in the process
of re-evaluating the volume of rice that will need to be imported in the 2016
marketing year. Previous recommendations were based upon a relatively weak El
Nino weather pattern, which has since intensified. The Philippines is one of
the largest rice importers in the world. Harvest is well under way in the US,
with 35% of the crop in the bins as of Sunday, September 6. November shattered
previous resistance at the August high of $12.34 on Wednesday and is now
trading at its highest level in a year.
Cattle
|
Futures:
|
|
|
Live Cattle:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
|
Oct '15
|
143.825
|
142.375
|
142.775
|
-0.200
|
|
Dec '15
|
145.650
|
144.300
|
144.425
|
-0.650
|
|
Feb '16
|
145.675
|
144.500
|
144.600
|
-0.675
|
|
Apr '16
|
144.450
|
143.325
|
143.325
|
-0.775
|
|
Jun '16
|
136.075
|
135.275
|
135.275
|
-0.625
|
|
Aug '16
|
134.750
|
134.025
|
134.075
|
-0.400
|
|
Oct '16
|
136.900
|
136.400
|
136.550
|
-0.250
|
|
Dec '16
|
137.450
|
137.175
|
137.450
|
+0.050
|
|
Feb '17
|
137.750
|
136.650
|
137.750
|
+1.000
|
|
|
|
Feeders:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
|
Sep '15
|
204.300
|
202.850
|
203.500
|
-0.325
|
|
Oct '15
|
199.200
|
197.000
|
198.100
|
-0.475
|
|
Nov '15
|
196.525
|
194.500
|
195.400
|
-0.550
|
|
Jan '16
|
190.475
|
188.825
|
189.675
|
-0.250
|
|
Mar '16
|
188.350
|
186.575
|
187.825
|
+0.350
|
|
Apr '16
|
188.675
|
187.025
|
188.550
|
+0.700
|
|
May '16
|
188.675
|
187.100
|
188.100
|
+0.450
|
|
Aug '16
|
189.100
|
187.800
|
188.625
|
+0.625
|
|
|
Cattle Comment
Cattle
prices closed lower today, however prices were well off of daily lows. Cattle
continue to be unable to build on Tuesdays strong gains. While beef prices are
strengthening sales cattle remain weak keeping the pressure on prices.
Hogs
|
Futures:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
|
Oct
'15
|
69.325
|
68.425
|
68.425
|
-0.500
|
|
Dec
'15
|
64.025
|
63.275
|
63.400
|
-0.150
|
|
Feb
'16
|
68.375
|
67.450
|
67.450
|
-0.650
|
|
Apr
'16
|
71.925
|
71.150
|
71.150
|
-0.550
|
|
May
'16
|
76.500
|
76.200
|
76.200
|
-0.250
|
|
Jun
'16
|
80.150
|
79.675
|
79.675
|
-0.400
|
|
Jul
'16
|
79.500
|
79.200
|
79.200
|
-0.250
|
|
Aug
'16
|
78.875
|
78.400
|
78.675
|
+0.025
|
|
Oct
'16
|
67.325
|
66.925
|
67.125
|
-0.150
|
|
11 September 2015
Los
BaƱos, Laguna — Ministers and dignitaries from 11 Asian countries will visit
the International Rice Research Institute (IRRI) headquarters tomorrow, 12 September.
The visit is part of the 37th meeting of the ASEAN Ministers on Agriculture and
Forestry (AMAF), in addition to the 15th AMAF Plus Three Meetings with China,
Japan, and South Korea hosted by the Philippines Department of Agriculture, led
by Secretary Proceso Alcala, this year. India will also participate."IRRI
supports ASEAN members in their national rice and food security programs by
providing the necessary scientific research as well as technical support and
capacity-building," said Dr. Robert S. Zeigler, IRRI director general.
The
ASEAN Integrated Food Security Framework, along with the Strategic Plan of
Action on Food Security in the ASEAN Region, enables sharing of any
agricultural commodity. A careful assessment of the various ASEAN+3
countries reveals extensive variation in natural resources for rice production.
This is also the case for other crops and agricultural commodities."In
effect, each ASEAN nation has a country food security agenda. Each
country’s national strategy is linked to the ASEAN regional agenda, bound
together by shared aspirations, and facilitated by trade. ASEAN countries could
look at exporting high-quality rice to Europe, for example. And Africa is a
major growth area because of its rising demand for rice. All these topics, including
IRRI’s support to the Philippine Department of Agriculture’s Food Staples
Sufficiency Program will be part of the discussions during the ASEAN
event," Zeigler noted.
World food prices hit lowest
level in almost seven years, UN agency reports
Global wheat production for 2015
is now forecast at 728 million tonnes, 5 million more than previously foreseen.
Photo: FAO/Olivier Thuillier
10 September 2015 – The price of major food commodities
continued to drop through August due to abundant supplies, a decline in energy
prices and concerns over the economic slowdown in China, the United Nations
Food and Agriculture Organization (FAO) reported today.According to the FAO Food Price Index, which tracks international
market prices for five major food commodity groups – cereals, meat, dairy
products, vegetable oils and sugar – virtually all food groups registered
marked dips in price in August.
The index averaged 155.7
points in August, down 5.2 per cent from July, the sharpest fall since December
2008.The cereal price index continued to fall, down 7 per cent from July and
15.1 per cent from last year. FAO attributed the decline to falling wheat and maize
prices, as well as continued improvement in production prospects.Witnessing an
8.6 per cent drop from July, the vegetable oil price index averaged 134.9
points, reflecting a six-and-a-half year low in palm oil prices due to slow
import demand, particularly by India and China.Dairy and sugar prices also
dropped on the index, by 9.1 per cent and 10 per cent respectively. FAO said this was due to lower import
demand for dairy, and the continuing depreciation of the Brazilian Real against
the United States dollar in the case of sugar.
The meat index price remaining largely unchanged in August,
although compared to its peak a year ago, overall prices were down by 18 per
cent.Meanwhile, FAO also reported that its forecast for global cereal
production for 2015 had been revised upward as a result of more buoyant
production prospects for coarse grains, wheat and rice. The forecast for 2015
now stands at 2,540 million tonnes, which is 13.8 million tonnes more than
expected in July. The upgrade was driven by improved growing conditions for
maize in Argentina and Brazil, and for maize and sorghum in the US.Global wheat
production forecast has also been adjusted upward by 5 million tonnes, with 728
million tonnes now expected due to higher expectations for crops in Australia,
the European Union, Russia and Ukraine. Rice production prospects have also
improved since July, with an additional 1.3 million tonnes now expected.
News Tracker: past stories on this issue
How to ensure rice self-sufficiency in
Nigeria, by processors
By Ahmed Dio Agbo | Publish Date:
Sep 10 2015 4:18AM | Updated Date: Sep 9 2015 11:46PM
Trucks loading rice from combine harvesters at Olam’s rice farm
in Doma, Nasarawa state
A foremost stakeholder in the Nigerian rice value chain has
listed eight ways to boost domestic rice production so as to ensure
self-sufficiency. Dropping the
hint recently in Abuja, the Chairman, National Rice Millers Association of
Nigeria (NRMAN) and Chief Executive Officer of Umza Rice, Alhaji Mohammed
Abubakar, maintained that the advice must be seriously considered if the
country was truly desirous of halting rice importation in the near future.The
eight ways to ensure rice self-sufficiency, according to Alhaji Abubakar,
include the provision of improved seeds and seedlings to ensure higher yield, provision
of adequate tractors/equipment, and improvement in mechanisation, access to
land, as well as land clearing services by the government.
Others are access to fund at low interest rate, access to
quality inputs such as fertilizer and agrochemicals, access to market and
market expansion.The chairman lamented the high cost of rice production, which
he attributed to the high cost of fund and power, among others.“We can operate
because of the Central Bank of Nigeria (CBN) credit facility window at 9 per cent
interest rate. At a commercial interest rate of between 20 to 24 per cent, no
rice miller can survive,” the rice miller noted, adding, “And we have to buy
diesel to power the mills with generators. This is apart from the high cost of
transportation and other infrastructural challenges. It is very difficult to
compete with foreign millers under this environment.
”The chairman said 21 rice mills were established in four years,
and if that trend continues under a good investment climate, in the next few years,
many mills will spring up and the country will be exporting rice.He hailed the
CBN for placing rice paddy on the restriction list for accessing foreign
exchange for the importation of the commodity, saying the policy would go a
long way in boosting rice production and processing in the country.
USA
Rice-DU Stewardship Partnership Texas Reservoir Project Clears First
Hurdle
Working
on a solution to Texas water woes
RLINGTON, VA -- The newest project sought by
the USA Rice-Ducks Unlimited (DU) Rice Stewardship Partnership has cleared a
major hurdle with the announcement by the USDA Natural Resources Conservation
Service (NRCS) that the groups' pre-proposal has been chosen to advance to the
next round of the Regional Conservation Partnership Program (RCPP).
USA Rice
and DU have partnered with the Lower Colorado River Authority (LCRA) on the
proposed $10 million project, the new Prairie Conservation Reservoir in Eagle
Lake, Texas, to benefit rice growers, migratory waterfowl, and waterbirds. The project complements an existing LCRA
construction project - the Lane City Reservoir, the region's first significant
new water reservoir in decades.
The USA Rice-DU project was selected from
amongst 265 pre-proposals to advance to the full proposal stage. Submitted pre-proposals were seeking some
$1.8 billion in funding and were offering $1.27 billion in contributions. The total funding available for this round of
the RCPP projects is just $235 million, so the competition will be
intense.
Contact: Peter Bachmann (703) 236-1475
USA
Rice Briefs House Agriculture Committee Staff
Trade
briefing on Capitol Hill
WASHINGTON, DC -- USA Rice COO Bob Cummings
joined representatives from the dairy and sugar industries on Tuesday for a
briefing on the Trans Pacific Partnership (TPP) at the House Agriculture
committee. The briefing, for the
agriculture staff of individual Committee Members, was in preparation for a
meeting between the Committee and U.S. Trade Representative Michael Froman the
following day which was held in executive session.
"By all reports, the TPP negotiations are
coming to a close, and Tuesday's session was a good opportunity to share with
staff our concerns about important improvements that are still needed in the
rice market access deal reportedly negotiated between the U.S. and Japan"
said Cummings.
Expectations among many were high that the negotiations
would close at the Ministerial meeting held in Hawaii in late July, but trade
ministers were unable to resolve differences on three key issues: the rules of origin for automobiles and parts
manufactured in the 12 TPP countries, dairy market access, and the length of
time certain medicines would receive patent protection within TPP
countries. Press reports indicate that
negotiations to resolve these issues are currently taking place.
Contact:
Peter Bachmann (703) 236-1475
60% of flood land remains barren
Flooded farmland in Mrauk-U which is yet to be
replanted. (Photo – Min Thein Naing)
Cyclone Komen left nearly 900,000 acres (364,000 hectares) of
farmland damaged and about 60 per cent of it has not been replanted, Ye Min
Aung, general secretary of the Myanmar Rice Federation (MRF), told a disaster
recovery forum.“Only about 40 per cent can be replanted. About 450,000 or
500,000 acres cannot be used for re-cultivation. It will hit crop production,”
said Ye Min Aung.Bago Region is suffering the most with up to 370,000 acres
destroyed while there are about 300,000 acres affected in Rakhine State,
Ayeyawady Region and Sagaing Region.
Chin State has an estimated 5,740 acres of destroyed farmland
although this might increase as more contact is made with the state, which
remains largely cut off.“About 1.5 million acres of farmlands were flooded, and
nearly 1 million acres were destroyed. Most destruction occurred in Rakhine
State, Ayeyawady Region and Bago Region,” said Ye Min Aung.An anonymous MRF
source said: “Rehabilitation for Rakhine State is very important. The MRF will
hold special meetings to meet the need for rice in Rakhine State. The MRF,
Myanmar Rice and Paddy Traders Association and Myanmar Rice Millers’
Association have organised a reserve rice selling committee for Rakhine State.
The state normally has no late-season cultivation so many farmers will have to
wait until next season. If it is hard to get support and we are thinking of
foreign imports.”
http://www.elevenmyanmar.com/local/60-flood-land-remains-barren-0
CME
Group/Closing Rough Rice Futures
|
CME Group (Prelim): Closing Rough Rice Futures
for September 10
|
September
2015
|
$12.435
|
+
$0.220
|
|
November
2015
|
$12.670
|
+ $0.205
|
|
January
2016
|
$12.950
|
+
$0.200
|
|
March
2016
|
$13.150
|
+
$0.180
|
|
May
2016
|
$13.270
|
+
$0.115
|
|
July
2016
|
$13.415
|
+
$0.110
|
|
September
2016
|
$12.585
|
+
$0.075
|
|
Nagpur Foodgrain Prices Open-Sep 10
Nagpur Foodgrain Prices - APMC & Open Market-September 10
Nagpur, Sept 10 Gram prices showed weak tendency in Nagpur Agriculture Produce and
Marketing Committee (APMC) here on lack of demand from local millers amid high moisture content
arrival. Profit-taking selling by stockists at higher level, easy condition in Madhya Pradesh
gram prices and easy condition on NCDEX also pulled down prices in thin trading activity,
according to sources.
* * * *
FOODGRAINS & PULSES
GRAM
* Gram varieties ruled steady in open market here on subdued demand from local traders
amid ample stock in ready position.
TUAR
* Tuar gavarani recovered further in open market on renewed demand from local traders
amid tight supply from producing regions.
* Masoor, Udid and moong varieties touched to a record high in open market on
increased buying support from local traders amid thin supply from producing regions.
Weak production estimates in this season also activated stockists.
* In Akola, Tuar - 9,7900-10,300, Tuar dal - 14,100-14,500, Udid at 9,600-10,000,
Udid Mogar (clean) - 12,100-12,600, Moong - 7,600-7,800, Moong Mogar
(clean) 9,200-9,800, Gram - 4,900-5,050, Gram Super best bold - 6,400-6,600
for 100 kg.
* Rice, wheat and other commodities remained steady in open market in thin trading
activity, according to sources.
Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg
FOODGRAINS Available prices Previous close
Gram Auction 4,200-4,750 4,300-4,880
Gram Pink Auction n.a. 2,100-2,600
Tuar Auction n.a. 8,000-9,200
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 6,500-6,800 6,500-6,800
Gram Super Best n.a.
Gram Medium Best 5,900-6,100 5,900-6,100
Gram Dal Medium n.a. n.a.
Gram Mill Quality 5,800-5,900 5,800-5,900
Desi gram Raw 5,150-5,200 5,150-5,200
Gram Filter new 6,200-6,400 6,200-6,400
Gram Kabuli 6,400-7,500 6,400-7,500
Gram Pink 6,800-7,000 6,800-7,000
Tuar Fataka Best 14,500-14,800 14,500-14,800
Tuar Fataka Medium 13,300-13,900 13,300-13,900
Tuar Dal Best Phod 12,900-13,100 12,900-13,100
Tuar Dal Medium phod 12,300-12,800 12,300-12,800
Tuar Gavarani New 10,300-10,500 10,200-10,500
Tuar Karnataka 10,400-10,800 10,400-10,800
Tuar Black 12,100-12,300 12,100-12,300
Masoor dal best 8,500-8,700 8,200-8,700
Masoor dal medium 8,200-8,400 7,900-8,300
Masoor n.a. n.a.
Moong Mogar bold 9,900-10,300 9,700-10,100
Moong Mogar Medium best 8,800-9,500 8,200-8,800
Moong dal Chilka 8,700-8,900 8,700-8,900
Moong Mill quality n.a. n.a.
Moong Chamki best 8,400-9,200 8,400-9,200
Udid Mogar Super best (100 INR/KG) 12,500-13,000 12,300-12,700
Udid Mogar Medium (100 INR/KG) 11,500-12,000 11,200-11,700
Udid Dal Black (100 INR/KG) 10,200-10,400 9,800-10,100
Batri dal (100 INR/KG) 5,200-5,600 5,200-5,600
Lakhodi dal (100 INR/kg) 4,000-4,200 4,000-4,200
Watana Dal (100 INR/KG) 3,200-3,450 3,200-3,450
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) 1,400-1,500 1,400-1,500
Wheat Mill quality(100 INR/KG) 1,650-1,750 1,650-1,750
Wheat Filter (100 INR/KG) 1,350-1,550 1,350-1,550
Wheat Lokwan best (100 INR/KG) 2,250-2,400 2,250-2,400
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) 3,400-3,700 3,400-3,700
MP Sharbati Medium (100 INR/KG) 2,750-2,900 2,750-2,900
Rice BPT best(100 INR/KG) 3,100-3,300 3,100-3,300
Rice BPT medium(100 INR/KG) 2,800-3,000 2,800-3,000
Rice Parmal (100 INR/KG) 1,700-1,900 1,700-1,900
Rice Swarna best (100 INR/KG) 2,000-2,300 2,000-2,300
Rice Swarna medium (100 INR/KG) 1,900-2,000 1,900-2,000
Rice HMT best(100 INR/KG) 3,500-3,900 3,500-3,900
Rice HMT medium(100 INR/KG) 3,200-3,300 3,200-3,300
Rice HMT Shriram best(100 INR/KG) 4,800-5,100 4,800-5,100
Rice HMT Shriram med.(100 INR/KG) 4,000-4,500 4,000-4,500
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 4,900-5,100
Rice Chinnor medium (100 INR/KG) 4,700-5,000 4,400-4,800
Jowar Gavarani (100 INR/KG) 2,100-2,350 2,100-2,350
Jowar CH-5 (100 INR/KG) 2,400-2,500 2,400-2,500
WEATHER (NAGPUR)
Maximum temp. 34.3 degree Celsius (93.7 degree Fahrenheit), minimum temp.
23.4 degree Celsius (74.1 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : nil
FORECAST: Patly cloudy sky. Maximum and minimum temperature would be around and 35 and 23 degree Celsius respectively.
Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but included in market prices.)
http://in.reuters.com/article/2015/09/10/nagpur-foodgrain-idINL4N11G3VF20150910
Rice stockpile under scrutiny
10
Sep 2015 at 08:25
NEWSPAPER
SECTION:
BUSINESS
| WRITER:
CHATRUDEE
THEPARAT An official checks the quality of rice stored in a warehouse in
Bangkok's Klong Sam Wa district. New inspections will help the government to
decide appropriate prices for the sale of state stocks nationwide.
PATTANAPONG
HIRUNARD
Provincial officials have 30 days to complete the inspection of rice
stored at 1,800 warehouses nationwide under a deadline set by the National Rice
Policy Committee chaired by Prime Minister Prayut Chan-o-cha.Officials have to
figure out the exact amount of good-quality and rotten rice in the 13.5 million
tonnes the state has held for several years.The findings will help the
government to decide appropriate prices for sale, commerce permanent secretary
Chutima Bunyapraphasara said.She said some observers believed the auction prices
were too low.Stocks are kept in warehouses in 51 provinces. Estimates are that
4.6 million tonnes are substandard rice and 1.3 million tonnes are rotten.
The
13.5 million tonnes were accumulated from the rice-pledging scheme run by the
previous government from 2011-14.As the scheme paid farmers 15,000 baht a tonne
for paddy or up to 24,000 baht a tonne for milled rice, Thai rice lost
competitiveness in the global market, resulting in the huge stockpile.Exporters
have estimated significant losses from the rice sales with the low auction
prices.Fourteen bidders recently won bids to buy 246,793 tonnes of rice at 2.34
billion baht from the ministry, meaning bidders pay 9,460 baht a tonne.
Therefore,
the state receives less than 10 baht a kilogramme, far lower than the
24-baht production cost of rice excluding expenses for storage
and maintenance, said Chookiat Ophaswongse, an honorary president of the Thai
Rice Exporters Association.Although the price of Thai rice is less competitive
in the global market, the weak baht is a positive factor that drove
exports to 6 million tonnes in the first eight months of this year,
drawing high hopes that Thailand can achieve its target of 9 million
tonnes this year.
The
Bangkok Post
How to ensure
rice self-sufficiency in Nigeria, by processors
By Ahmed Dio Agbo | Publish Date: Sep 10 2015
4:18AM | Updated Date: Sep 9 2015 11:46PM
Trucks loading rice from combine harvesters at Olam’s
rice farm in Doma, Nasarawa state
A foremost stakeholder in the Nigerian rice value chain has
listed eight ways to boost domestic rice production so as to ensure
self-sufficiency. Dropping the
hint recently in Abuja, the Chairman, National Rice Millers Association of
Nigeria (NRMAN) and Chief Executive Officer of Umza Rice, Alhaji Mohammed Abubakar,
maintained that the advice must be seriously considered if the country was
truly desirous of halting rice importation in the near future.
The eight ways to ensure rice
self-sufficiency, according to Alhaji Abubakar, include the provision of
improved seeds and seedlings to ensure higher yield, provision of adequate
tractors/equipment, and improvement in mechanisation, access to land, as well
as land clearing services by the government. Others are access to fund at low
interest rate, access to quality inputs such as fertilizer and agrochemicals,
access to market and market expansion.
The chairman lamented the high cost of rice production, which he attributed to
the high cost of fund and power, among others.“We can operate because of the
Central Bank of Nigeria (CBN) credit facility window at 9 per cent interest
rate.
At a commercial interest rate of
between 20 to 24 per cent, no rice miller can survive,” the rice miller noted,
adding, “And we have to buy diesel to power the mills with generators. This is
apart from the high cost of transportation and other infrastructural
challenges. It is very difficult to compete with foreign millers under this
environment.”The chairman said 21 rice mills were established in four years,
and if that trend continues under a good investment climate, in the next few
years, many mills will spring up and the country will be exporting rice.He
hailed the CBN for placing rice paddy on the restriction list for accessing
foreign exchange for the importation of the commodity, saying the policy would
go a long way in boosting rice production and processing in the country.
http://www.dailytrust.com.ng/news/agriculture/how-to-ensure-rice-self-sufficiency-in-nigeria-by-processors/110187.html
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