Saturday, December 05, 2015

4th December 2015 Daily Global Rice E-Newlsletter -Latest Rice News Updates

Rice millers bring paddy from other states: INLD


CHANDIGARH: Alleging that the paddy procurement scam in Haryana was worth Rs 24,000 crore, opposition Indian National Lok Dal (INLD) on Wednesday said it would file a public interest litigation before Punjab and Haryana high court demanding a probe by a sitting judge or a special investigation team (SIT).Leader of opposition and senior INLD leader Abhay Singh Chautala claimed that his party workers had caught three trucks bringing paddy to Haryana from other states in Ambala late night on Tuesday.

In a press conference called at his residence in Chandigarh on Wednesday, Chautala also released a CD containing video recording of the incident where a truck driver said he made several rounds to transport paddy from other states for rice millers in Haryana. The bags containing paddy were bearing marks of Bihar, Madhya Pradesh, Uttar Pradesh, Gujarat, Punjab and Himachal Pradesh, he said. Chautala alleged that the paddy was being brought into Haryana under the patronage of ruling BJP leaders, who were conniving with local businessmen to make profits. He also added such paddy was being illegally transported to Haryana by rice millers to complete their stocks.

UPDATE 1-Thailand draws nearer to China with rail, rice and rubber deals

* China, Thailand to build 900km rail line
* China to also buy rice, rubber from Thailand
* Deals show China's support for Thai military govt (Updates with COFCO statement)
By Pairat Temphairojana
BANGKOK, Dec 3 China and Thailand agreed to build an ambitious 900 km (559 mile) railway line on Thursday in the latest sign of closer ties between them after Bangkok's links with Washington have cooled.
The two countries agreed in a memorandum of understanding to build a long-mooted railway from the Thai-Lao border to Bangkok, said Thailand's transport minister.
China has ambitious infrastructure plans for the region to build rail links from Kunming in its southwest through Laos to Thailand.
China also agreed to buy rice and rubber from Thailand at the meeting in Bangkok, said the Thai commerce ministry.
"We want this project to take shape soonest, especially in terms of construction and we are trying to speed up construction by middle of next year," Transport Minister Arkhom Termpittayapaisith told reporters.
China has said it is supportive of Thailand's military rulers who took power following a May 2014 coup that ousted an elected government.
Since then, Thailand's generals have sought to counterbalance ties with Washington and launched a charm offensive toward China.
Thailand is one of Washington's oldest partners in the region but following the coup, Washington downgraded diplomatic and military ties.
The agreements signed between China and Thailand could help boost the sluggish growth rate of Southeast Asia's second-largest economy.
Construction of the railway was previously expected to begin in September. Arkhom said the design of the railway had delayed the start of construction.
The two countries did not agree on a price for the rail project at the meeting, he said.
China has offered to finance the project with a loan with 2.5 percent interest but Thailand wants 2 percent.
China agreed to buy 1 million tonnes of white and jasmine rice and 200,000 tonnes of rubber from Thailand.
State-owned Chinese grains trader COFCO Corp said in a statement on its website late Thursday that it had signed a framework contract to import 1 million tonnes of Thai rice.
It said the company would start negotiations as soon as possible on batch contracts, while working to expand the domestic market for Thai rice.
With plentiful harvests in recent years, China does not need to import rice but import deals have been signed to support Sino-Thai friendship and economic cooperation and could also help meet Chinese consumer demand for more diverse products, COFCO said in the statement. (Reporting by Pairat Temphairojana; Additional reporting by Pracha Hariraksapitak in BANGKOK and Dominique Patton in BEIJING; Editing by Amy Sawitta Lefevre and William Hardy)

Rabi sowing crosses 370 lakh ha, but still lower than last year


Sowing of Rabi crop continued to be lower than last year, with preliminary reports from the States placing the total area sown at 370.28 lakh hectares (lh), as on December 4, against 438.77 lh in the same period last year. Sowing/transplanting of wheat was done in only 152.56 lh compared with 208.64 lh in the same period last year.
Weather woes

The shortfall in acreages was mainly on account of poor soil moisture levels due to a weak monsoon and delayed harvest of kharif crops such as rice and sugarcane in major producing States such as Uttar Pradesh and Madhya Pradesh.
While States like Rajasthan have seen an increase in wheat acreage, lower area has been reported from Uttar Pradesh, Madhya Pradesh, Gujarat, Maharashtra and Haryana.
Agriculture Minister Radha Mohan Singh said on Thursday that both rabi and kharif crops had been affected for the third straight season due to the adverse weather conditions such as drought and floods.
Pulses were sown on 100.42 lh (106.93 lh) last year. Gram or chana, the major rabi season pulses crop, has been sown on 69.25 lh, marginally higher than corresponding last year’s 68.92 lh. Acreages of other pulses such as lentil, fieldpea and urad have been lower than last year.
Coarse cereals have been sown marginally higher on 46.71 lh (43.04 lh) with jowar accounting for a significant chunk of it. Jowar has been planted on 34.09 lh compared to 27.78 lh in the corresponding period last year.
Sowing/transplantation of rice stood at 8.70 lh compared with 11.15 lh in the same period last year.
The area sown under oilseeds was lower at 61.89 lh against 69.01 lh last year. Acreages under rapeseed-mustard continued to be lower at 54.17 lh (60.91 lh). The slower pace of sowing has triggered concerns among the edible oil industry.
“Poor storage and moisture levels have impacted the plantings. Though sowing will go on for a couple of more, we expect the overall acreages to be lower than last year thereby impacting the output. It is too early to quantify the impact,” said BV Mehta, Executive Director, Solvent Extractors Association of India.
More imports feared

Mehta said a lower output would trigger further increase in imports of edible oil. Staring at a higher import prospect, the SEA has urged the government to allow imports of oilseeds, which would not only benefit the extraction industry but also the feed makers.

Price of rice shoots up by 12%



Price of imported rice has increased by 12%. Currently, a 5kg bag of rice is being sold for GHc28.As at the last week of November, the price of the same quantity of (imported-uncle sam) rice was sold at GHc25.The increase places rice as the highest gainer in commodities in the country at the beginning of December 2015.According to Esoko Ghana, the increase is expected because of the yuletide.Francis Danso Adjei, Content Manager at Esoko Ghana noted that “in the case of rice, the price is determined by the volumes that go into the market. The increase means that the quantity going to the market is quite low and that people have started buying rice, so demand outweighs the supply in the market.”

The increase in the price of rice was followed by Maize which made a 2 percent gain to close the week at GHc 4.00 per olunka.Yam (Pona) also followed with a percentage gain to close the week at GHc 3.60Soya bean dropped by 7 percent to close the week at GHc 5.90 per olunka.

However, according to Esoko Ghana, the firm monitoring the markets, cassava (fresh tubers) and groundnut dropped by 2 percent each to close the week at GHc 4.50 and 12 .70 per “3-4 tubers” and “olunka” respectively. The other commodity prices remained the same.On the various markets, the price for an “olunka” of maize gained by 20 percent in Bawku to close the week at GHc 3.00, it also gained a percentage point in Techiman to close the week at GHc 3.00 and dropped by 2 percent in Kumasi to close the week at GHc 5.00.


In Tamale it gained a percentage point to close the week at GHc 4.00, whiles in the other markets the price remained the same.A “medium size tomato tin” full of fresh tomatoes lost 13 percent in Accra to close the week at GHc 18.00 with Techiman losing 13 percent to close at GHc 10.10 and also Dambai dropping 19 percent to close at GHc 7.20.
The commodity however made some gains in Kumasi, Tamale and Takoradi.
In Kumasi, it gained 5 percent to close at GHC 9.50 and in Tamale by 22 percent to close the week at GHC 6.60.

Takoradi had 20 percent to close the week at GHC 21.60. In the other markets prices remained the same.

Meanwhile, Esoko Ghana wished farmers and fishermen in the country “Ayekoo” for “feeding the nation

Japan, Vietnam develop new rice resistant to disease, bugs
Vietnamese and Japanese researchers have completed an international project to develop a new rice variety that is disease- and insect-resistant with a high-yield, short-growth duration.

Scientists visit a new rice variety field in Nam Dan District, Nghe An Province.
The rice variety was developed by using certain genes and the most advanced molecular bio-technology.The project, called the "Development of Crop Genotypes for the Midlands and Mountain Areas of North Vietnam" was implemented from December 2010 to November this year.Financed by the Japan International Cooperation Agency (JICA), the project was carried out by Vietnam National University of Agriculture (VNUA), Kyushu University and Nagoya University of Japan.Dr. Pham Van Cuong, Vice President of VNUA, said: "Plant breeding in Vietnam has for years not been based on rigorous science. It has had a lack of scientific proof. But with the new technology transferred by Japan, we can make long-selling products with authentic proof based on science, and we can guarantee stable production and profit for producers."The improved rice line has been well received because of its short-growth duration as it can help farmers avoid the flood season, minimise damages caused by annual typhoons and lead to more diverse cash crops during the winter crop season.More than 50 promising rice lines, which have been genetically guaranteed to have good performances, have been developed.The ecological adaptability of the selected lines was proven in Thai Nguyen and Lao Cai provinces. The rice varieties showed adaptability to not only the northern mountainous region but also to other environments in Vietnam.The enthusiastic investment by the provincial government and Department of Agriculture and Rural Development of Nghe An (DARD Nghe An) has led to sustainable production of such improved lines and provided a prototype for other provinces in the country for development from promising rice lines from VNUA.The technology, which can be applied to other crops such as soybeans, sorghum and maize as well as vegetables, helps to improve the quality of agricultural products.

La Niña next to put pressure on consumer prices

By: Ben O. de Vera


Philippine Daily Inquirer

01:19 AM December 5th, 2015

Extreme weather conditions are posing threats to inflation, the National Economic and Development Authority (Neda) said.To temper the increase in food prices and utility rates, Neda is enjoining the government to fast-track the implementation of its roadmap for El Niño while also preparing for a potentially “strong” La Niña next year, Neda Deputy Director General Rolando G. Tungpalan said in a statement on Friday.“The government should err on the high side in determining food import requirements in anticipation of El Niño to avoid food price spikes, which would be very detrimental to the poor who spend over 60 percent of their budget on food,” Tungpalan said.

The plan to increase the importation of food staples, such as rice, forms part of the proposed Roadmap to Address the Impact of El Niño (Rain), which is aimed at mitigating the dry spell’s impact on food supply and prices while providing assistance to farmers and households in adversely affected areas.Neda Director General and Economic Planning Secretary Arsenio M. Balisacan earlier said the government may have to import an additional 1.3 million metric tons of rice in addition to the 500,000 metric tons already ordered for the first half of next year. But the Neda chief said they could still scale down their recommendation since “rice production in this quarter and the first semester of next year are likely going to be more favorable than we expected.”“We will still import [more rice] because … production is still expected to be lower than normal, and I think that would keep the total stock to just 67 days. We need to keep stock that could last for 90 days,” Balisacan had said.On Friday, the government reported inflation had already bottomed out this year, rising to 1.1 percent in November from a record low of 0.4 percent in the previous couple of months.“Higher local demand and the lingering effects of typhoon ‘Lando’ accounted for the price increases in meat and vegetables, while ample supply sustained the lower price of rice,” Tungpalan said.The rise in headline inflation last month lifted the year-to-date figure to 1.4 percent, which remained below the government’s 2015 target of 2-4 percent.“Despite the uptick in November, average inflation will likely settle below the low-end target for the year. This will largely be influenced by the slump in global petroleum prices, along with other favorable supply-side factors such as the sluggish domestic retail prices of corn, oil and rice,” Tungpalan said.Besides food inflation, the government should also address risks to electricity prices, as Tungpalan noted an “unstable energy situation in Mindanao, given its large dependence on hydropower plants.”As La Niña is expected to immediately follow El Niño by the middle of next year, the government should likewise be ready to address the risks posed by a prolonged rainy season, the Neda official said.“The current drier than normal conditions must be taken advantage of to build flood mitigation infrastructures,” he said.

USISAME urges FPCCI to resolve issues of basmati rice

December 03, 2015

 KARACHI: The Union of Small and Medium Enterprises (UNISAME) has urged the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) to highlight the issues of basmati rice trademark and geographical indications (GI) besides other issues of decline in exports of basmati rice.UNISAME wants FPCCI's Standing Committee on Rice to highlight these issues in its meeting on 10th December 2015. It also recommends remedial measures to strengthen the cases in the forum.
UNISAME President Zulfikar Thaver requested FPCCI Standing Committee on Rice Chairman Rafique Suleman to address the issues of basmati rice trademark and GI in the meeting.

He said both the matters are under litigation and need careful and strong advocacy and that the meeting needs to look into the matter and examine the cases submitted by the counsels.As far as basmati rice ownership is concerned, he said that India and Pakistan are the only producers of basmati rice in the whole world and no other country grows basmati, which is aromatic, elongates on cooking and has distinctive features."Thailand has jasmine rice, which is aromatic but does not have qualify of basmati rice as it lacks certain characteristics and features," he added.

Unfortunately, a firm from a non-basmati growing country has claimed ownership of the basmati trademark, which is challenged by India and Pakistan in the international forum, he said."The matter of GI is also under litigation in the Indian courts and Pakistan needs to include Sialkot and Narowal areas eligible and qualified to be called basmati on merit under the GI, the UNISAME president said. "The GI indicates that only basmati rice cultivated at the foot of the Himaliya mountains is basmati and all other rice grown elsewhere cannot be labelled as basmati because it is devoid of the features and characteristics of the variety." The question of basmati rice grown in other areas with basmati seeds and resultant produce of matching variety also needs to be examined thoroughly, he said.

The Trade Development Authority of Pakistan (TDAP), the Basmati Growers Association of Pakistan (BGA) and the Rice Exporters Association of Pakistan (REAP) and the FPCCI need to work jointly for the cause without putting the entire burden on one of the organisation and collectively work for the national cause, he added.

Filipino rice farmers lack gov’t support’

Vice President Jejomar C. Binay yesterday vowed more assistance to Filipino rice farmers under his presidency.Binay criticized the government for extending “very little support to our rice farmers” despite the fact that Filipinos consider the grain as a staple food.“It is crucial that we give our farmers the assistance they need to improve their harvest and make farming profitable,” he said during a visit to the International Rice Research Institute in Los Banos, Laguna.The United Nationalist Alliance standard-bearer cited a PhilRice study that said Filipino rice farmers are getting relatively low government support compared to their peers in Asia.“While China offers free inbred seeds to farmers and free hybrid seeds to cooperative members, our government gives zero subsidies for seeds or fertilizers,” he noted.Binay said a 50-kilogram bag of fertilizer costs around P1,188. Rice farmers use around four bags per hectare, spending almost P5,000 on fertilizer alone.“Because of such steep price, our farmers are forced to scrimp on fertilizers and this, in turn, affects their yield,” he explained. (Ellson A. Quismorio)




Friday, 04 December 2015 | Kamal Joshi | Chandigarh | in Chandigarh
Haryana rice millers on Thursday came out strongly against the Opposition INLD for keeping a vigil on the transportation of paddy in the State. Refuting the allegations of bringing paddy from other States to complete their stocks, the rice millers on Thursday said that they are being made a scapegoat of the political clash between the Government and the Opposition.Raising a dissent against the seizure of three trucks in Ambala a day before, rice millers said that the trucks were carrying legally purchased paddy, which was being brought to mills for trading purpose.

Though the millers could not satisfy media with their answers, when they were asked about the need to bring paddy from other States when the procurement process has just concluded in the State, they claimed that it was a regular practice for millers to buy paddy from other States.Addressing a Press conference in Chandigarh, President of association Satpal Gupta said that the INLD workers have been trying to illegally disturb the trade of the rice millers. He said that they are taking up this issue with the government also and INLD workers have not right to block the trading practices of millers.Pointing a finger on both the Opposition parties in Haryana INLD and Congress, he said that the Opposition is training their guns on millers’ shoulders to achieve their political objects.

On Wednesday, INLD leader Abhay Singh Chautala had claimed that his workers had caught three trucks carrying with paddy brought from other States. Chautala had claimed that millers were bringing cheap paddy to fill up their stocks for the physical verification. Chautala had claimed that the paddy in these trucks did not have valid documents of trading.The issue of Paddy purchase scam had created much uproar in the recently concluded Winter Session of Haryana assembly. Both the Opposition parties, Congress and INLD had raised the issue vociferously, claiming it to be a scam of over 10 thousand crores. Both the parties are alleging that Government allotted PB 1509 variety to the millers in the A-grade variety to give them financial advantage.The Opposition has also alleged that Government agencies have also shown fake purchase of paddy to the tune of more that 11 thousand MT. Both the parties had staged walk outs demanded probe by a sitting High Court judge or SIT on the issue. While not convinced with the allegations, Haryana Government has marked physical verification of stocks in the mills.

Cheapest Thai fragrant rice for six years

Farmers bag paddy after drying the harvested grain out in the sun, in Prachin Buri province. (Photo by Panupong Changchai)

The global price of Hom Mali fragrant rice has dropped to the lowest in six years as growers sell their grain direct to millers-cum-exporters instead of joining a state-run bank's scheme to increase rice prices.Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association, said Hom Mali rice was now at US$720-730 per tonne, compared with its previous peak of $1,200 per tonne and $810-820 per tonne for Cambodian fragrant rice, Post Today reported on Friday.The millers, who were also exporters, were buying Hom Mali paddy from farmers at 9,500 baht ($265) per tonne compared with the government's targeted price of 13,500 baht ($377) per tonne, he said.One reason was the high yield from Hom Mali rice, Mr Chukiat said. He expected the global price had bottomed out because orders should increase in mid-December to meet demand during the Chinese New Year festival early next year.A source in the rice trade said another reason for the low Hom Mali price was that farmers were not participating in the government's scheme to pledge their rice with the state-run Bank for Agriculture and Agricultural Cooperatives (BAAC).The scheme, set for implementation in the fourth quarter of this year, is aimed at encouraging farmers to delay selling their rice and wait for a higher price and the development of direct markets for rice growers.Farmers feared the BAAC would deduct money from their pledged grain to repay their debts with the bank, so they were selling rice to millers instead, the source said.The falling price of Hom Mali rice has affected the purchasing power of farmers in the North and the Northeast, where most of the crop is grown. Hom Mali is sold overseas as Thai Jasmine rice.

China signs rice, rubber deals

4 Dec 2015 at 05:30
China has signed rice and rubber purchase deals with Thailand as part of the Thai-Sino railway development agreement.Negotiations over the railway are continuing.The deals were signed at the ninth meeting of the Joint Committee on Railway Cooperation in Bangkok on Thursday.The meeting was led by Transport Minister Arkhom Termpittayapaisith and Wang Xiaotao, the deputy secretary-general of China's National Development and Reform Commission.The Commerce Ministry signed a deal to sell one million tonnes of rice to the China National Cereals, Oils and Foodstuffs Corporation (Cofco), a Chinese state-owned food conglomerate.The rice delivered will amount to about 100,000 tonnes a month, starting early next year, according to Commerce Minister Apiradi Tantraporn.The Rubber Authority of Thailand, meanwhile, signed a deal to sell 200,000 tonnes of rubber to Sinochem, a conglomerate representing the Chinese government, she added.
The rubber deal was agreed upon despite earlier reports the Thai government could put a brake on the rail project after hiccups in the agreement concerning China's rubber purchase, which is included in the package.A framework of cooperation on the rail development was also signed by the two governments.The rail routes cover Nong Khai-Nakhon Ratchasima-Kaeng Khoi and Bangkok-Kaeng Khoi-Map Ta Phut.Transport Minister Arkhom Termpittayapaisith said Thailand had given China additional information about the rail project, particularly the estimated number of passengers and volume of cargo which can be transported on the routes.Mr Arkhom said Thailand had worked out a work plan for the project to be carried out in the next six months and presented it to their Chinese counterparts, who will review it before giving their suggestions."The six-month plan was drawn up as we want the project to materialise quickly, particularly the construction. We will try to make it happen in the middle of next year," Mr Arkhom said.
He said the project value has not yet been decided due to pending estimates by consultancy firms.The cost is expected to be higher than the original estimate as another train station, Phachi, will be added to the project, he said.Mr Arkhom said design work handled by China on the Bangkok-Kaeng Khoi section and Nakhon Ratchasima-Kaeng Khoi section is 80% complete and the work could be finished this month.The two sections will also be built first, he said.Design work on the two other sections -- Kaeng Khoi-Map Ta Phut and Nong Khai-Nakhon Ratchasima -- is 50% complete, and could be wrapped up by February.Thai and Chinese representatives also inspected the Chiang Rak Noi train sation in Ayutthaya, where an operations control centre under the Sino-Thai railway development project will be built. The ground-breaking ceremony for the centre will be held on Dec 19.
Meanwhile, Prime Minister Prayut Chan-o-cha insisted the Thai-China railway project will not be derailed as the cooperation inherent in the deal would also underline the 40th year of diplomatic relations between the two countries. "How long has our relationship lasted? We have to do something symbolic for the 40th anniversary of the relationship between Thailand and China," said Gen Prayut. He said negotiations on the project must go on.
Bangkok Post

NDC salutes Ghanaian Farmers
General Secretary of the NDC, Johnson Asiedu Nketiah

The National Democratic Congress (NDC) wishes to congratulate all farmers on the occasion of Farmers Day. The day is observed to recognize your invaluable contributions towards the growth of the nation’s economy.Over the years you have consistently sacrificed by working hard to feed the nation and ensure food security. The NDC believes that your contribution to the GDP is an asset that continues to sustain the performance of the country’s economy in a very satisfactory manner.

It is worth noting that your immeasurable contributions have helped push forward the country’s development agenda including meeting the Millennium Development Goal (MDG) one, that has seen poverty halved.As the nation celebrates you on this special occasion, we wish to reiterate the NDC government’s commitment to meeting the needs of the Ghanaian farmer by providing the necessary support and enabling environment to enable you to increase your productivity, that, would help meet the expectations of ensuring food security and sustainability.On this special day the NDC wishes to join all Ghanaians in celebrating the achievement of the nation’s gallant farmers.

Nagpur Foodgrain Prices Open-Dec 04
India | Fri Dec 4, 2015 2:30pm IST

Nagpur, Dec 4 Gram prices suffered heavily in Nagpur Agriculture Produce and
Marketing Committee (APMC) here on lack of demand from local millers amid high moisture content
arrival. Easy condition in Madhya Pradesh gram prices and release of stock from stockists also
pushed down prices, according to sources.

               *            *              *              *

   * Desi gram recovered marginally in open market on good seasonal demand from local
     traders amid tight supply from producing regions.

   * Tuar varieties ruled steady in open market here on subdued demand from local traders
     amid ample stock in ready position.

   * Jowar varieties quoted weak in open market in absence of buyers amid good supply
     from producing regions.
   * In Akola, Tuar - 10,000-10,300, Tuar dal - 15,800-16,200, Udid -
     13,400-13,800, Udid Mogar (clean) - 16,800-17,500, Moong -
     9,700-9,900, Moong Mogar (clean) 11,000-11,400, Gram - 4,200-4,300,
     Gram Super best bold - 6,100-6,300 for 100 kg.

   * Wheat, rice and other commodities remained steady in open market
     in weak trading activity.
 Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg

     FOODGRAINS                 Available prices     Previous close  
     Gram Auction                4,200-4,600         4,200-4,720
     Gram Pink Auction            n.a.           2,100-2,600
     Tuar Auction                n.a.                7,000-8,000
     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            6,600-6,800        6,600-6,800
     Gram Super Best            n.a.            n.a.
     Gram Medium Best            6,200-6,400        6,200-6,200
     Gram Dal Medium            n.a.            n.a
     Gram Mill Quality            5,200-5,300        5,200-5,300
     Desi gram Raw                4,950-5,050         4,900-5,000
     Gram Filter new            5,600-5,800        5,600-5,800
     Gram Kabuli                6,100-8,000        6,100-8,000
     Gram Pink                        6,700-7,500        6,700-7,500
     Tuar Fataka Best             16,200-16,700        16,200-16,700
     Tuar Fataka Medium             15,200-15,700        15,200-15,700
     Tuar Dal Best Phod            14,200-14,700        14,200-14,700
     Tuar Dal Medium phod            12,700-13,200        12,700-13,200
     Tuar Gavarani New             11,000-11,500        11,000-11,500
     Tuar Karnataka             11,600-12,100        11,600-12,100
     Tuar Black                 17,300-17,600        17,300-17,600
     Masoor dal best            7,500-7,800        7,500-7,800
     Masoor dal medium            6,900-7,400        7,100-7,400
     Masoor                    n.a.            n.a.
     Moong Mogar bold            10,900-11,800       10,900-11,800
     Moong Mogar Med            10,300-11,100        10,300-11,100
     Moong dal Chilka            8,700-9,800        8,700-9,800
     Moong Mill quality            n.a.            n.a.
     Moong Chamki best            9,100-9,900        9,100-9,900
     Udid Mogar Super best (100 INR/KG)    16,500-18,000       16,500-18,000    
     Udid Mogar Medium (100 INR/KG)    14,000-16,000        14,000-16,000   
     Udid Dal Black (100 INR/KG)        10,000-10,900        10,000-10,900    
     Batri dal (100 INR/KG)        5,800-6,200        5,800-6,200
     Lakhodi dal (100 INR/kg)          4,900-5,100         4,900-5,100
     Watana Dal (100 INR/KG)            3,000-3,200        3,000-3,200
     Watana White (100 INR/KG)              3,000-3,100           3,000-3,100
     Watana Green Best (100 INR/KG)    3,200-3,500        3,200-3,500  
     Wheat 308 (100 INR/KG)        1,600-1,700        1,600-1,700
     Wheat Mill quality (100 INR/KG)    1,500-1,600        1,500-1,600  
     Wheat Filter (100 INR/KG)         1,500-1,700        1,500-1,700
     Wheat Lokwan best (100 INR/KG)    2,000-2,400        2,000-2,400   
     Wheat Lokwan medium (100 INR/KG)   1,850-2,100        1,950-2,100
     Lokwan Hath Binar (100 INR/KG)    n.a.            n.a.
     MP Sharbati Best (100 INR/KG)    3,400-4,000        3,400-4,100   
     MP Sharbati Medium (100 INR/KG)    2,600-2,800        2,600-2,900          
     Rice BPT best (100 INR/KG)        3,000-3,300        3,000-3,300   
     Rice BPT medium (100 INR/KG)        2,600-2,800        2,600-2,800   
     Rice Parmal (100 INR/KG)         1,800-2,000        1,800-2,000
     Rice Swarna best (100 INR/KG)      2,200-2,550        2,200-2,550  
     Rice Swarna medium (100 INR/KG)      1,900-2,300        1,900-2,300  
     Rice HMT best (100 INR/KG)        3,600-3,900        3,600-3,900   
     Rice HMT medium (100 INR/KG)        3,200-3,400        3,200-3,400   
     Rice HMT Shriram best(100 INR/KG)    4,500-5,200        4,500-5,200   
     Rice HMT Shriram med.(100 INR/KG)    4,100-4,600        4,100-4,600   
     Rice Basmati best (100 INR/KG)    9,800-11,900        9,800-11,900    
     Rice Basmati Medium (100 INR/KG)    7,800-8,100        7,800-8,100   
     Rice Chinnor best(100 INR/KG)    5,500-6,000        5,300-5,800   
     Rice Chinnor medium (100 INR/KG)    4,900-5,600        4,700-5,400   
     Jowar Gavarani (100 INR/KG)        1,800-2,200        1,900-2,200   
     Jowar CH-5 (100 INR/KG)         1,700-1,800        1,700-1,900

Maximum temp. 32.4 degree Celsius (90.3 degree Fahrenheit), minimum temp.
18.4 degree Celsius (65.1 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : n.a.
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 31 and 16 degree Celsius respectively.

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, butincluded in market prices.)

Arkansas Farm Bureau Daily Commodity Report

Long Grain Cash Bids
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- - -
Long Grain New Crop
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- - -

Jan '16
Mar '16
May '16
Jul '16
Sep '16
Nov '16
Jan '17

Rice Comment

Rice futures were lower across the board, mainly on technical selling. January has lost over 70 cents this week. Today's close was right on the 62% retracement level. A lower close would open more downside potential for the market.