· Today Rice News Headlines...
Indian basmati rice all
set to get GI tag
·
Indian Basmati gets
geo-tag of authenticity
·
Order on GI tag for
basmati likely today
·
Speech by the Pranab
Mukherjee at the Fifty-Fourth convocation of the Indian Agricultural Research
Institute (IARI)
·
GI tag for Basmati rice
of 7 states approved
·
Water in 91 reservoirs
at 38% of full capacity
·
World cereal stocks are
set to end 2016 seasons at 642 million tons, higher than they beganWinter
spring rice sees poor crop, price drop
·
Rice Prices
·
02/04/2016 Farm Bureau
Market Report
·
Ex-minister alleges
corruption
·
GEMS4 partners firm to
boost rice production
·
USA Rice Efforts Result
in Congressional Action on Rice Food Aid
·
More Than 400 Attend
Annual Arkansas Rice Meeting
·
China and Crop
Insurance Topics Dominate Eudora Growe Meeting
·
Opportunities opening
up for rice industry
·
Bi-Weekly Market
Briefings for 02/05/2016
·
Public rice genomic
resources are boon for breeders
·
Alleged rice imports
peeve growers
·
Asian rice prices
soften on low buying demand
News Detail...
Indian basmati rice all set to get GI tag
T. K. ROHIT,The
Hindu
IPAB has passed the order allowing assistant registrar to
register and issue certificate within four weeks.Petition of Lahore-based Basmati Growers Association challenging
India’s claim dismissed.
Seven years after an
application was made to get the ‘Geographical Indication’ tag for Indian
basmati rice grown in certain States, the Intellectual Property Appellate Board
(IPAB) on Friday cleared the decks for issuing the tag.The application has been
mired in litigation after farmers and exporters and Madhya Pradesh wanted to be
included in the list of States approved by the Agricultural and Processed Food
Products Export Development Authority (APEDA), the statutory body responsible
for export promotion and development of certain scheduled productsFollowing the orders issued on
Friday by Justice K.N. Basha, Chairman, IPAB, and Sanjeev Kumar Chaswal,
technical member, Trademark, IPAB, basmati rice cultivated in the Indo-Gangetic
Plains on the foothills of the Himalayas covering areas of the rice grown in
Punjab, Haryana, Himachal Pradesh, Delhi, Uttarakhand, Western U.P. and two
districts of Jammu and Kathua, will now be issued the GI tag.Passing the
orders, Justice Basha ordered the assistant registrar of GI Registry, Chennai,
to proceed with the registration and issue the GI certification within four
weeks of getting a copy of the order.Justice Basha also ordered the assistant
registrar to reconsider the issue of addition of areas of basmati cultivation
in states such as Madhya Pradesh, Odisha and Rajasthan.
The assistant registrar has now
been asked to ’reconsider the matter afresh' and listen to arguments of both parties
— APEDA and the respondents — and pass an order within the next six months.In
2014-15, India exported 37 lakh MT of Basmati Rice to the world worth Rs.
27,597.87 crore and is the world’s leading exporter of the rice, according to
APEDA. India exports a major quantity of basmati rice to Saudi Arabia, Iran,
United Arab Emirates, Iraq and Kuwait.Justice Basha also dismissed a petition
filed by Lahore-based Basmati Growers Association that challenged the issuance
of GI tag to Indian Basmati rice.“The appellant
miserably failed to comply with
the mandatory requirements of filing the evidence in support of opposition
within the time frame stipulated under Rule 44 (1) of G.I. Rules, 2002, the
opposition shall be deemed to have been abandoned by the appellant,” he said.
Indian Basmati gets geo-tag of authenticity
R BALAJI
Recognition for rice grown in Indo Gangetic plain; MP
awaits its turn
CHENNAI,
FEB 5:
Traditional Basmati farmers in
India have got a boost with the Intellectual Property Appellate Board (IPAB)
ordering the Geographical Indications Registry to give GI recognition for the
aromatic rice.Basmati cultivation in the Indo Gangetic Plains (IGP) in the
Himalayan foothills will get the GI mark. This will cover the unique variety of
rice cultivated in Punjab, Haryana, Himachal Pradesh, Delhi, Uttarakhand,
Western UP and two Districts of J&K – Jammu and Kathua.In November 2008,
the Agricultural and Processed Food Products Export Development Authority
(APEDA), a statutory body which protects intellectual property and GI in India
and abroad, had applied for GI registration of Basmati cultivated in IGP.But in
December 2013, the GI Registry had asked APEDA to include all areas where
basmati is cultivated and submit an amended application including Madhya
Pradesh, Rajasthan and Bihar. APEDA appealed against that order as diluting the
GI application will be against the interest of Basmati growers in traditional
areas.
A host of rice exporters, NGOs
and growers associations from Madhya Pradesh who opposed APEDA’s stand appealed
to IPAB.Even a Basmati Growers Association from Pakistan opposed addition of
new areas such as Madhya Pradesh.The IPAB upheld APEDA’s appeal and ordered the
GI Registry to give GI recognition within four weeks based on the application
filed by APEDA.However, IPAB also said the claim of Basmati farmers and
exporters for including Madhya Pradesh can be considered afresh by the GI
Registry and a decision be taken within six months.It dismissed the Pakistan
Basmati Growers Association’s objections to including Madhya Pradesh.The order
comes seven years after APEDA initiated steps to protect and get GI recognition
for Basmati cultivated in the IGP. This will preserve the unique identity of
the aromatic rice in the international markets.
(This article was published on February 5,
2016)
Business line
Order on GI tag for basmati
likely today
SPECIAL CORRESPONDENT
The much-awaited order in a
dispute between parties, including the Madhya Pradesh government, over granting
Geographical Indications (GI) tag for basmati rice, is expected to be delivered
by the Intellectual Property Appellate Board (IPAB) here on Friday.The order,
which is expected to have an impact on thousands of farmers who grow the rice
and those who export it from Madhya Pradesh, would be delivered by IPAB
chairman Justice K.N. Basha and technical member (Trade Marks) Sanjeev Kumar
Chaswal at 2.30 pm.The IPAB had in November last year reserved its order on the
issue
Speech by the Pranab Mukherjee at the
Fifty-Fourth convocation of the Indian Agricultural Research Institute (IARI)
New
Delhi, Fri, 05 Feb 2016NI Wire
1.
I
am indeed happy to be here amidst you today for the fifty-fourth convocation of
Indian Agricultural Research Institute, a leading institution in our country
for agricultural research, education and extension. I congratulate the students
who are being awarded degrees today. On this occasion, I also take the
opportunity to compliment the members of the faculty for shaping the minds and
skills of these students.
2. The IARI, set up in 1905, has
played a key role in providing human resource to the national agricultural
research system. Over eight thousand students of IARI have been awarded
post-graduate or PhD degrees so far. Several alumni of IARI have held key
positions driving agricultural research and education in important institutions
in India and abroad.
Ladies and Gentlemen:
3. India has only 3 percent of the
world’s land resources and 5 percent of water resources. Yet, Indian
agriculture system supports 18 percent of the world population. The
transformation from a state of "ship-to-mouth" to a leading exporter
of food grains has been made possible largely due to the scientific
developments in premier institutes like IARI. This Institute has made
significant contributions in ushering the green revolution and building a
vibrant agriculture sector in our country. I applaud IARI for its dedicated
service to the nation.
4. IARI has recently developed
several breakthrough technologies bringing prosperity to farmers. India’s
basmati rice export has been revolutionized because of IARI’s short-duration
high-yielding basmati rice varieties. Pusa basmati varieties accounted for more
than 90 percent of the 30,000 crore rupees of export earnings this year. It
gave profit in excess of two lakh rupees per hectare to the farmers. Likewise,
IARI wheat varieties have resulted in an additional production of 3 million
tonnes of wheat in the previous year.
5. Resource management, farm
machinery and plant protection technologies of IARI are widely used by farmers.
They have resulted in enhanced input use efficiency, farm profit and
environmental sustainability. The diagnostic techniques developed by IARI such
as "micro-array chip" and "ELISA kits" for plant virus
detection, and nanotechnology-based chemical formulations for management of
nematodes and insect pests are expected to reduce the input cost of plant
protection chemicals. IARI’s climate change and mitigation research on methane
emission from rice paddies are significant from the point of view of developing
appropriate strategies and protecting India’s interests in climate change
negotiations.
Friends:
6. Degrading soil health and
dwindling fresh water availability are posing major concerns for agricultural
sustainability. Low soil organic matter and imbalanced use of fertilizers are
affecting crop productivity. The “Soil Health Card Scheme” aims at providing
farm-wise and crop-wise fertilizer recommendations to enhance fertilizer use
efficiency. To my mind, IARI technologies like “Pusa Soil Testing and
Fertilizer Recommendation meter”, remote sensing-based crop and natural
resource monitoring, and decision-support systems can contribute significantly
towards this mission. Crops use 23 percent of the applied fertilizer with the
balance 77 percent lost to environment. To further increase the efficiency of
fertilizer use, easy methods based on plant tissue analysis for sensing
nutrient status and making fertilizer recommendations are needed.
7. Enhancing water use efficiency
in agriculture can hardly be over-emphasized. In this context, the “per drop,
more crop” is a mission statement aimed at improving water productivity. We
need technology solutions for smart water usage. It is heartening to note that
several water-wise technologies like precision irrigation, Pusa Hydrogel, zero
tillage wheat system, direct seeded rice system, and short duration crop
varieties have been developed by IARI. Scientists here must continue with their
efforts to develop water-efficient and drought-tolerant varieties.
8. Inappropriate treatment and
unplanned use of raw sewage water is impacting agricultural sustainability
while posing a risk to consumer and environmental health. IARI’s eco-friendly
waste-water treatment technology should be able to provide safe irrigation
water for peri-urban agriculture and also mitigate the problem of sewage water
disposal.
Friends:
9. The production of pulses and
edible oil in India has remained insufficient making us dependent on imports.
The demand for these food commodities is expected to increase in future
substantially. IARI has developed mustard varieties suitable for unconventional
areas that can boost oil seed production. The Institute has also initiated the
development of synchronous-maturity pigeon-pea hybrids and varieties, apart
from chickpea. I am confident these technologies will enhance the productivity
of pulses and edible oils to meet our domestic requirements fully.
10. Forty-five percent of children
below the age of three years are under-nourished in India. A large number also
suffer from Vitamin-A deficiency. To address malnutrition in children, food
grains must be bio-fortified with quality protein and micronutrients. I am
happy that IARI has developed quality protein maize, and iron and zinc rich
wheat, pearl millet and lentil varieties through molecular breeding, and
genetically modified “Golden rice” enriched with pro-vitamin A. These
technologies should reach the farmers immediately for alleviating
malnourishment in women and children.
Friends:
11. Despite the advancements made,
Indian agriculture is yet to be completely out of the clutches of weather.
After a record food grains production of 265 million tonne in 2013-14, a year
of normal monsoon, the production level came down to 253 million tonne in
2014-15, when a 12 percent rainfall deficit was registered. Nature has not been
kind to us this year as well. A deficient monsoon followed by a further dry
spell is likely to affect agricultural production for the second year in a row.
This is an area of grave concern.
12. The time is ripe for some
serious efforts as eighty percent of the area under cultivation in India is in
the grip of severe climatic conditions like drought, floods and cyclones.
Global climate change could aggravate these problems. Institutes like IARI must
leverage opportunities from frontier sciences such as bio-technology, synthetic
biology, nano-technology, computational biology, sensor technology and
geo-spatial technology to develop climate-resilient technology solutions.
Innovation in agricultural techniques and practices must be supported through
infusion of funds, mentoring of ideas, and technical assistance. The
risk-taking ability of farmers must be boosted. The newly-launched crop
insurance scheme will leverage technology to provide risk cover to the farmers.
Friends:
13. Agriculture is the source of
livelihood for more than fifty percent of our population. Mahatma Gandhi had
said once and I quote: “To forget how to dig the earth and tend the soil is to
forget ourselves” (unquote). Not many youth, however, are coming forward today
to take up farming. To attract youth to agriculture, we need technologies that
can make the farm sector profitable. Research in agricultural institutes should
focus on minimizing production cost, enhancing profitability in the entire
“field-to-plate” food chain, and introducing greater automation to reduce
drudgery.
14. Globalization of agriculture
has increased the prospects for processed food commodities manifold. Our
farmers and agri-preneurs must make full use of this opportunity. Increase in
investment for agriculture technology development, rural agri-infrastructure,
on-farm processing and value addition, and storage facilities are needed.
Agriculturists must be trained to transform their farms into
production-cum-processing centres. Research in our institutes must address the
critical issues that hinder the development of rural agri-businesses.
Proliferation of the recently-launched “Start-up India” to the rural sector
could provide fillip to the setting up of agro-based enterprises. The “Mera
Gaon Mera Gaurav” programme of IARI, under which each scientist will adopt a
village, should aim at changing agriculture from subsistence farming to
commercial farm industry.
Friends:
15. Agricultural education in our
country must conform to global standards. For that, we need to create a large
pool of competent faculty empowered with state-of-the-art research
infrastructure. A strong network of teachers, learners and practitioners will
facilitate lab-to-field dissemination of good agricultural practices. It will
also provide feedback about farmers’ problems to trigger research and
technology development in our institutions.
16. Agricultural institutes are
the foci on which the success of our farm sector and welfare of people depends.
The barometer of performance is the quality of their products. Able, committed
and industrious professionals from these institutions are required to spearhead
the next farm revolution. Students and alumni of this reputed institution must
seize the opportunity and contribute to the transformation in agriculture. I
wish the graduating students the very best in life and career. I also wish IARI
Godspeed for its future endeavours.
Thank you.
Jai
Hind.
Source: PIB
GI tag for Basmati rice of 7 states approved
Board directs registry to hear the matter of inclusion of
Madhya Pradesh afresh
BS Reporter | Chennai February 5, 2016 Last Updated at 23:40 IST
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nutritional foods business next yearEverstone to buy HUL's Modern bakery bizTVS
Motor withdraws appeal on self locating ignition lockLabs at ports to check
beef exportIndo-Pak relations: Letting the men in uniform talk
A GI tag can be issued
for agricultural, natural or manufactured goods that have a given quality,
reputation or other characteristics attributable to its geographical origin. A
GI registration gives the registered proprietor and authorised users the legal
right to the exclusive use of the GI, and no unauthorised person can use the
tag. Some of the examples of GI are Mysore Silk, Mysore Agarbathi, Kancheepuram
Silk, Orissa Ikat, Channapatna Toys & Dolls, and Coimbatore Wet Grinder.
Products sold with the GI tag get premium pricing also.Commenting on the urgent requirement of
registering the GI, IPAB Chairman Justice K N Basha and Technical Member Sanjeev
Kumar Chaswal said Basmati rice was an iconic heritage of India.
Basmati rice has been one
of the fastest growing export items from India in recent years. Therefore, “in
view of the paramount national interest, it is imperative to protect Basmati
rice as a geographical indication,” observed the Bench.APEDA, as a statutory
authority related to exports of agricultural products, applied for the GI tag
for Basmati, a special long grain aromatic rice grown in a particular
geographical region of the Indian sub-continent. Historically, Basmati was a
product of undivided India with a recorded history of over 200 years.
APEDA argued that a
worldwide watch agency was appointed to monitor the trade mark registers
worldwide for any third party attempted registration in the name of Basmati or
any deceptive variations and it has taken legal action in 40 countries for
alleged attempt of infringement. It has also successfully challenged an attempt
by Ricetec, a US-based company, from claiming monopoly on the rice grains.The
order comes in an appeal filed by APEDA against the order of the assistant
registrar in December 31, 2013, related to a dispute between the export
promotion body and Madhya Pradesh and Daawat Foods for inclusion of some
uncovered areas in the GI application filed. Agreeing to the arguments of Daawat
Foods and others, the assistant registrar asked APEDA to amend the application
to include the uncovered area with a map of the region clearly demarcating the
area of production within 60 days from the date of the order on December 31,
2013. The IPAB has set aside this finding.
The IPAB has also
dismissed an appeal filed by the Basmati Growers’ Association, Lahore,
Pakistan, against the order passed by the assistant registrar on procedural
grounds.The association challenged the order stating that the area below the
foothills of the Himalayas in the erstwhile Punjab province now in Pakistan was
entitled to the GI tag for Basmati rice. The association’s GI tag recognition
in Pakistan and an appeal against it is pending before the High Court Sindh, Karachi.
Business standard
Water in 91 reservoirs at 38% of full capacity
PRESS TRUST OF INDIA
NEW
DELHI, FEBRUARY 5:
Availability of water at 91 major
reservoirs in the country is at 38 per cent of their total capacity and 22 per
cent less than the levels reported in the corresponding period last year.According
to a statement by the Union Water Resources Ministry, as on February 4, water
stock available across major reservoirs was 59.335 billion cubic metres (BCM)
as against the total storage capacity of 157.799 BCM.The current stock is 76
per cent of the 10-year average for the corresponding period.While Himachal
Pradesh, Andhra Pradesh and Tripura have reported better storage vis-a-vis last
year, Andhra Pradesh-Telangana (combined projects in both states) have reported
same water levels as that in the corresponding period last year.States with
lower storage than last year are Punjab, Rajasthan, Jharkhand, Odisha, West
Bengal, Gujarat, Maharashtra, Uttar Pradesh, Uttarakhand, Madhya Pradesh,
Chhattisgarh, Telangana, Tamil Nadu, Karnataka and Kerala.
(This article was published on February 5,
2016)
http://www.thehindubusinessline.com/news/national/water-in-91-reservoirs-at-38-of-full-capacity/article8198968.ece
World cereal stocks are set
to end 2016 seasons at 642 million tons, higher than they began
Weather patterns
associated with El Niño are sending mixed signals about the early prospects for
cereal crops in 2016, especially in the Southern Hemisphere, according to FAO's
Cereal Supply
and Demand Brief, released on Thursday.
Wheat output in Canada and Russia and maize output
in China, Canada and Paraguay drove the upward revision. 2016 crop prospects
have been “severely weakened” in Southern Africa, and a 25% cut in wheat
production in South Africa now appears likely. Conditions for the crop are
generally favorable in the Russian Federation and the European Union, but
winter plantings declined in the United States and Ukraine. The area under
wheat is also expected to be cut in India, following a poor monsoon and below
average rains since October.
The
2016 outlook for rice along and south of the Equator is “dim” due, at times, to
insufficient water and, at others, to excessive rains.As for the 2015 season,
FAO modestly raised its forecast for world cereal production to 2 531 million
tons, up slightly from that released in December.Wheat output in Canada and
Russia and maize output in China, Canada and Paraguay drove the upward
revision. FAO also slightly raised its expectation regarding 2015 world rice
production, mostly on account of higher forecasts for China, Viet Nam and the
United States.
At
the same time, FAO lowered its forecast for world cereal utilization in the
2015/16 season to 2 527 million tons, which remains 0.8 percent above that of
the previous year. This reflects a 2.0 percent increase for wheat, largely on
account of higher livestock feed use in developed countries and a 0.3 percent
increase in maize. World rice utilization is projected to expand by 1.1
percent, keeping world per-capita consumption stable.As a result of the
upgraded production and downgraded consumption forecasts, world cereal stocks
are set to end the 2016 seasons at 642 million tons, higher than they began.
That level implies a steady and comfortable global cereal stock-to-use ratio of
around 25%.
However, the inventory build-up varies geographically and
depending on the crop. Notable increases in wheat inventories are forecast for
the United States, European Union and China whereas some reductions are likely
in Canada, India and the Islamic Republic of Iran. On the other hand, world
rice stocks would need to be drawn down to bridge the expected gap between
world production and consumption, with much of the release likely to concern
India and Thailand, the two leading rice exporters.
Winter
spring rice sees poor crop, price drop
Farmers
in the Mekong Delta have started harvesting winter spring rice crop but they
have been unhappy because of poor crop and price reduction.Farmers have reaped
a poor winter spring rice crop with low prices
in the Mekong Delta
Disadvantageous
weather, long lasting heat and low flood level have caused silt deposits not
raise field levels, pestilent insects increased investment costs, they said.The
more concern is that fresh normal rice fetches only VND4,600 a kilogram resulting
in farmers’ 20-30 percent profit reduction compared to last year crop.
In related news, dragon fruit prices have
doubled normal level in the central province of Binh Thuan. Traders pay farmers
VND18,000-20,000 a kilogram.This has been due to increasing demand for the Tet
holidays and supply shortage as farmers have harvested since last month.Binh
Thuan is the country’s largest dragon fruit farming area with over 22,000
hectares concentrating in Ham Thuan Bac and Ham Thuan Nam districts.
Rice Prices
as on : 05-02-2016 08:10:29 PM
Arrivals in tonnes;prices in Rs/quintal
in domestic market.
Arrivals
|
Price
|
|||||
Current
|
%
change |
Season
cumulative |
Modal
|
Prev.
Modal |
Prev.Yr
%change |
|
Rice
|
||||||
Bangalore(Kar)
|
4292.00
|
55.9
|
77389.00
|
4150
|
4150
|
-2.35
|
Bazpur(Utr)
|
1500.00
|
68.4
|
16386.86
|
1850
|
2200
|
32.14
|
Gadarpur(Utr)
|
870.00
|
10.13
|
53888.00
|
1796
|
1989
|
15.87
|
Varanasi(Grain)(UP)
|
560.00
|
-5.08
|
5285.00
|
1925
|
1940
|
-3.51
|
Etawah(UP)
|
450.00
|
-6.25
|
13250.00
|
2250
|
2250
|
2.74
|
Manjeri(Ker)
|
290.00
|
NC
|
5220.00
|
3000
|
3000
|
-9.09
|
Shahjahanpur(UP)
|
289.40
|
-27.83
|
37762.90
|
2180
|
2180
|
8.46
|
Pilibhit(UP)
|
260.00
|
-7.14
|
15298.00
|
2195
|
2190
|
-6.20
|
Allahabad(UP)
|
230.00
|
4.55
|
3980.00
|
2100
|
2090
|
3.45
|
Gorakhpur(UP)
|
230.00
|
-23.33
|
2892.00
|
2115
|
2125
|
9.59
|
Ballia(UP)
|
200.00
|
-9.09
|
4820.00
|
1950
|
1955
|
-1.27
|
Basti(UP)
|
154.00
|
8.07
|
2810.00
|
2070
|
2070
|
2.73
|
Kalipur(WB)
|
95.00
|
5.56
|
2349.00
|
2150
|
2150
|
-
|
Lucknow(UP)
|
88.00
|
-10.2
|
2190.00
|
2130
|
2125
|
-1.84
|
Achalda(UP)
|
80.00
|
-11.11
|
2035.00
|
2245
|
2240
|
-
|
Thodupuzha(Ker)
|
70.00
|
NC
|
1120.00
|
2600
|
2600
|
6.12
|
Aligarh(UP)
|
70.00
|
-12.5
|
1190.00
|
2150
|
2150
|
16.22
|
Lanka(ASM)
|
65.00
|
-7.14
|
1445.00
|
1725
|
1725
|
-
|
Saharanpur(UP)
|
62.00
|
-21.52
|
2924.00
|
2050
|
2045
|
-3.30
|
Barasat(WB)
|
55.00
|
10
|
1195.00
|
2200
|
2200
|
-
|
Jaunpur(UP)
|
52.00
|
30
|
774.00
|
1925
|
1920
|
-
|
Nadia(WB)
|
50.00
|
NC
|
900.00
|
3200
|
3200
|
3.23
|
Dadri(UP)
|
45.00
|
-10
|
1076.00
|
2065
|
2060
|
-2.59
|
Kasimbazar(WB)
|
45.00
|
NC
|
789.00
|
2290
|
2290
|
-11.92
|
Gauripur(ASM)
|
43.00
|
-32.81
|
1635.50
|
4500
|
4500
|
-
|
Jorhat(ASM)
|
42.00
|
40
|
572.00
|
2700
|
2700
|
-
|
Muzzafarnagar(UP)
|
35.00
|
-25.53
|
585.00
|
2070
|
2050
|
-
|
Partaval(UP)
|
32.50
|
-18.75
|
792.00
|
2025
|
2025
|
3.85
|
Gazipur(UP)
|
32.00
|
-46.67
|
837.50
|
1910
|
1900
|
3.80
|
Bindki(UP)
|
32.00
|
-8.57
|
1367.00
|
2265
|
2250
|
8.89
|
Dibrugarh(ASM)
|
30.00
|
150
|
503.80
|
2400
|
2400
|
-
|
Purulia(WB)
|
30.00
|
-16.67
|
1116.00
|
2200
|
2200
|
-8.33
|
Dhekiajuli(ASM)
|
28.00
|
-6.67
|
500.50
|
2000
|
1900
|
6.95
|
Lohardaga(Jha)
|
25.00
|
-3.85
|
369.00
|
1950
|
1950
|
12.07
|
Kolhapur(Laxmipuri)(Mah)
|
25.00
|
25
|
596.00
|
3000
|
3000
|
-
|
Mirzapur(UP)
|
24.00
|
-4
|
726.50
|
1920
|
1925
|
2.67
|
Sirsa(UP)
|
24.00
|
NC
|
192.00
|
2025
|
2025
|
-
|
Madhoganj(UP)
|
21.50
|
-21.82
|
102.00
|
2130
|
2150
|
-
|
Falakata(WB)
|
21.30
|
43.92
|
246.60
|
1960
|
1950
|
-
|
Diamond Harbour(South 24-pgs)(WB)
|
21.00
|
-4.55
|
127.00
|
1850
|
1850
|
-
|
Giridih(Jha)
|
20.55
|
63.75
|
128.79
|
3500
|
3500
|
NC
|
Karvi(UP)
|
20.00
|
8.11
|
93.00
|
2125
|
2125
|
18.06
|
Yusufpur(UP)
|
20.00
|
-20
|
367.00
|
1875
|
1875
|
0.81
|
Jambusar(Guj)
|
18.70
|
-48.48
|
571.85
|
3600
|
3600
|
-
|
Kolaghat(WB)
|
16.00
|
NC
|
287.00
|
2300
|
2300
|
-
|
Medinipur(West)(WB)
|
15.00
|
25
|
317.00
|
2450
|
2450
|
-2.00
|
Champadanga(WB)
|
14.00
|
-12.5
|
369.00
|
2400
|
2400
|
-
|
Tamluk (Medinipur E)(WB)
|
14.00
|
-
|
14.00
|
2500
|
-
|
-
|
Kannauj(UP)
|
12.80
|
-1.54
|
121.40
|
2180
|
2185
|
0.46
|
Cherthalai(Ker)
|
12.00
|
60
|
168.50
|
2400
|
2400
|
-
|
Bijnaur(UP)
|
11.00
|
-15.38
|
274.50
|
2185
|
2190
|
-
|
Naugarh(UP)
|
11.00
|
-4.35
|
318.00
|
2060
|
2065
|
8.42
|
Bampada(Ori)
|
10.00
|
-
|
80.00
|
2400
|
-
|
-
|
Deogarh(Ori)
|
9.50
|
5.56
|
260.00
|
2500
|
2500
|
NC
|
Buland Shahr(UP)
|
9.00
|
80
|
216.00
|
2050
|
2040
|
0.74
|
Muradabad(UP)
|
8.50
|
-29.17
|
290.00
|
2225
|
2230
|
12.66
|
Nilagiri(Ori)
|
8.00
|
-20
|
244.00
|
2400
|
2400
|
4.35
|
Etah(UP)
|
8.00
|
NC
|
16.00
|
1900
|
1870
|
-5.00
|
Katwa(WB)
|
8.00
|
-11.11
|
51.00
|
2300
|
2300
|
-4.17
|
North Lakhimpur(ASM)
|
7.80
|
-78.03
|
730.60
|
1900
|
1900
|
-
|
Bhivandi(Mah)
|
7.00
|
-12.5
|
127.00
|
2350
|
3250
|
38.24
|
Dibiapur(UP)
|
7.00
|
-12.5
|
23.00
|
2230
|
2230
|
1.83
|
Chengannur(Ker)
|
6.00
|
-14.29
|
308.00
|
2500
|
2500
|
-13.79
|
Fatehpur(UP)
|
6.00
|
71.43
|
79.50
|
2180
|
2150
|
4.31
|
Karanjia(Ori)
|
5.00
|
-23.08
|
129.30
|
2600
|
2600
|
4.00
|
Nimapara(Ori)
|
4.50
|
-30.77
|
105.00
|
2200
|
2200
|
NC
|
Bonai(Bonai)(Ori)
|
4.00
|
166.67
|
24.10
|
2200
|
2000
|
4.76
|
Jeypore(Ori)
|
3.60
|
20
|
121.40
|
410
|
325
|
-
|
Aroor(Ker)
|
3.00
|
NC
|
100.00
|
7000
|
7000
|
-24.73
|
Alibagh(Mah)
|
3.00
|
NC
|
60.00
|
3750
|
3750
|
134.38
|
Murud(Mah)
|
3.00
|
50
|
45.00
|
2750
|
2750
|
71.88
|
Melaghar(Tri)
|
3.00
|
NC
|
68.30
|
2350
|
2350
|
-
|
Islampur(WB)
|
3.00
|
-25
|
154.20
|
2150
|
2150
|
-
|
Perinthalmanna(Ker)
|
2.90
|
NC
|
27.80
|
2600
|
2600
|
-
|
Rahama(Ori)
|
2.90
|
-3.33
|
18.90
|
2400
|
2400
|
-
|
Khliehriat(Meh)
|
1.50
|
25
|
4.30
|
2700
|
2700
|
-
|
Jeypore(Kotpad)(Ori)
|
1.50
|
-63.41
|
116.70
|
4100
|
4200
|
26.15
|
Sardhana(UP)
|
1.20
|
20
|
41.70
|
2060
|
2050
|
0.49
|
Shillong(Meh)
|
1.00
|
-28.57
|
27.70
|
3500
|
3500
|
NC
|
Bharuasumerpur(UP)
|
1.00
|
NC
|
2.00
|
1750
|
1750
|
-
|
Kasipur(WB)
|
1.00
|
-28.57
|
17.50
|
2300
|
2260
|
-4.56
|
http://www.thehindubusinessline.com/economy/agri-business/article8197665.ece
02/04/2016 Farm Bureau Market Report
Rice
High
|
Low
|
|
Long Grain Cash Bids
|
-
- -
|
-
- -
|
Long Grain New Crop
|
-
- -
|
-
- -
|
|
Futures:
|
|
Rice
Comment
The price action in rice was worrisome today. March
continues to find resistance at $11.50 and looks to be setting up for a retest
of support at the recent low of $10.65. Weekly exports were improved over last
week at 40,200 metric tons, but not enough to generate any upside momentum.
Rice firm to create 7,000 jobs in Niger
February
5, 2016
A
rice company, Pearl Universal Impex Limited, has stated that it is creating
over 7,000 jobs through its rice farming project in Niger State.The firm added
that following a successful pilot phase of its rice project in June this year,
it was ready to determine the variety of rice most suitable to Saminaka, a
community situated around Swashi Dam in Borgu Local Government Area of the
state where it currently has 500 hectares of land.According to a statement from
the firm, the Chairman of Pearl Universal, Pulkit Jain, disclosed this when the
top management of the company paid a courtesy call on the new Emir of Borgu,
Barrister Mohammed Sani.Jain said that the project would create 3,000 direct
and 4,000 indirect jobs through its out-grower scheme.FINALLY EXPOSED!! A
Natural way to completely Reverse TYPE-2 DIABETES By Attacking The Root cause
Using 100% Scientifically proven Dietary Approach. CLICK HERE
While
commending PUI for investing in his domain, Sani urged the government to lend
its weight to rice farmers and millers.
He
said the project on completion would engage 4,000 people directly adding that
the village might have to scout for workforce from neighbouring villages if it
lacked adequate manpower for the project.Jain said the company’s model combined
a commercial farm with a programme that worked with nearby farmers allowing the
company to have greater control over its product while still leaving room to
foster and train local small-scale farmers in rice production.
To
this end, Jain revealed that $100m (N20bn) would be committed to the
cultivation of 7,500 hectares of rice farm and construction of two rice mills
in the state in the next three years.He said the move was predicated on the
successful rice yield of seven metric tonnes per hectare at the trial phase of
the project, adding that the company would now move to another 2000 hectares of
land for cultivation.He further disclosed that the focus would be primarily on
dry season farming as it was easier to manage, even as the company intends to
grow rice three times a year on the land.
Contact: editor@punchng.com
Ex-minister alleges
corruption
Submits memorandum to the DC against exploitation of farmers
along with affidavits
Our Correspondent
Ludhiana, February 4
Former Punjab minister and senior BJP
leader Sat Pal Gosain has levelled serious allegations of corruption against
officials of Markfed and accused them of fleecing paddy growers and arhtiyas of
Pakhowal grain market.In a memorandum submitted to the Deputy Commissioner,
Gosain said some officials of the Markfed, including the district manager and
his subordinate staff deployed at the Pakhowal grain market were allegedly
taking bribe from farmers and arhtiyas for lifting the paddy purchased by the
government agency and sending it to rice shellers.Supporting his allegations
with affidavits submitted by the victims –farmers and arhtiyas, Gosain further
alleged that a select few rice millers were also apparently in connivance with
the said officials because more paddy than the permitted quota was being
supplied to the rice millers in each consignment.
Gosain said he has already brought the
matter to the notice of the PA to Food and Supplies Minister, Punjab, Adesh
Partap Singh Kairon and principal secretary to the deputy chief minister but no
action has been taken to rein in the corrupt officials who were fleecing
farmers and arhtiyas without any fear of the law or the authorities.Demanding a
high-level probe into the matter and bringing the erring officials to book,
Gosain said if the authorities failed to act immediately, he will be forced to
form an action committee comprising affected farmers and arhtiyas and launch a
mass agitation to seek justice.Gosain said copies of the memorandum had also
been sent to Punjab CM, deputy CM, president of BJP, Punjab, Food and Supplies
Minister, DGP, Vigilance Bureau, Punjab for necessary action.
http://www.tribuneindia.com/news/ludhiana/community/ex-minister-alleges-corruption/192191.html
GEMS4 partners firm to boost rice production
Growth and Employment in States – Wholesale and Retail
Trade (GEMS4), a United Kingdom-sponsored programme, has signed a memorandum of
understanding (MoU) with Popular Rice Mill to increase the production of local
rice.The target, according to the Deputy Team leader, GEMS4, Mr Olatunde
Oderinde, is to produce 50,000 metric tonnes of local rice as well as create
livelihoods for 25,000 farmers.He said the programme was determined to promote
improved rice production system, combined with training and the adoption of
innovative approach along the rice value chain that shortens processing time,
reduces drudgery, and does not expose farmers to heat burns.According to
him, unless rice farmers use improved rice processing technologies that produce
marketable products, consumer demand will not be satisfied by locally-produced
rice.
Besides, he said the quality of local rice has to be
similar to that of imported rice. To achieve
this, he said the programme was empowering farmers to improve the quality and
competitiveness of locally-produced rice; and
that rice production processes require upgrading by actors in the value
chain.EMS4 Senior Intervention Manager Busuyi Okeowo said the programme was
introducing measures to enhance the effectiveness and sustainability of rice production by improving the value
contributions among the various actors involved in the rice chain: farmers,
millers, input dealers, traders, microfinance agencies and extension
services.He encouraged farmers and entrepreneurs to participate in the rice
value chain and promote the sale and consumption of locally produced rice.He
said the project was focusing on training in value addition, marketing
arrangements, quality packaging/labeling and leadership.Okeowo added that GEMS4
has a micro retailing initiative segment aimed at providing access to markets
intervention and increasing incomes and employment for retailers.
The programme, he added, has provided the opportunity to
raise the profile and create demand for locally grown rice through improved
packaging solutions. By improving product packaging sizes, distribution and
marketing of rice in pilot states, Okeowo said it will create jobs and result
in increased incomes for local farmers.He added that the programme is pursuing
a linking rice farmers to commercial mills initiative to facilitate the
channelling of locally-grown rice paddy to large commercial mills to enable
farmers earn more for their paddy and to help commercial rice mills diversify
from importing foreign brown rice at premium rates.The General Manager,Agric
Business, Popular Farms and Mills Limited, Mr Amit Kumar, said the organisation
was determined to support efforts to
help sustain small scale rice
farms.Group Executive Director, Stallion Group, Tokunbo Aromolaran said most
farm families are smallholder farmers and they undeniably contribute a lot to
household, national food security.
Oderinde presenting a document to Aromolaran during the
event.
http://thenationonlineng.net/gems4-partners-firm-to-boost-rice-production/
USA Rice Efforts Result in Congressional Action on Rice Food
Aid
WASHINGTON, DC -- As
reported in the USA Rice Daily January 8, 2016, Congress has made available an additional $250 million
to assist with the Syrian refugee crisis. USA Rice immediately began
working with allies in Congress to make the case for why U.S.-grown rice
should be a part of the solution for this devastating humanitarian crisis.USA
Rice Vice President for Government Affairs Ben Mosely said, "We wanted
to explore new options to prioritize U.S.-grown rice for these commodity
purchases, so we had several conversations with the offices of Senator John
Boozman (R-AR), Representative Rick Crawford (R-AR) and many other rice state
legislators about the strong rice crop last year and ample supplies that
could provide much needed nutrition to Syrian refugees."
Senator
Boozman and Representative Crawford agreed that something needed to be done
now and jointly wrote a letter to the Secretary of Agriculture, Tom Vilsack,
and the United States Agency for International Development Administrator,
Gayle Smith. Eighteen Senators and Representatives signed onto this
bipartisan letter which states: "It is no secret that rice is the
most consumed commodity in the world and is an excellent staple food in
addressing hidden hunger...We ask that during the procurement process for the
in-kind commodities used in the emergency response efforts in the Middle East
that U.S.-grown rice, including fortified rice, be prioritized for delivery
to those in need.""The U.S. rice industry is able and prepared to
provide rice that is needed in food assistance deliveries, including long
grain which is preferred by many of the countries absorbing the refugees and
also medium grain rice which is typically preferred by Syrians," said
Jamie Warshaw, USA Rice Food Aid Subcommittee Chairman and Louisiana rice miller.
"Additionally, both long and medium grain rice can be fortified to
provide seven essential micronutrients."
|
|
More Than 400 Attend Annual Arkansas Rice Meeting
& CEO Betsy WardJONESBORO, AR - More than 400 growers from
around the region packed the Arkansas State University Convocation Center
here for the annual gathering
of the local rice industry.
Following the official opening of the event with remarks from
Arkansas Rice Council President Steve Orlicek, USA Rice President & CEO
Betsy Ward provided a brief overview of USA Rice priorities and thanked
Arkansas Secretary of Agriculture Wes Ward and Congressman Rick Crawford
(R-AR) for their support of the rice industry.
Secretary Ward then spoke about an upcoming trip to Cuba and the
potential impact of this important market on the Arkansas rice industry.
Attendees also heard from Congressman Crawford who has a bill in
Congress that many think presents the best opportunity for getting U.S. rice
to Cuba quickly - even before the embargo is lifted.
"The actions last week by the Obama Administration to clear
the way for all manner of U.S. goods and services to enter Cuba except
agriculture was frustrating," said Dow Brantley, Arkansas Rice Farmers
chairman. "But we're grateful Congressman Crawford has introduced his
bill to get rice moving there while Congress and the Administration continue
to fight about the embargo."
U.S. Senator John Boozman also attended the event and spoke with
USA Rice about his efforts, along with Representative Crawford, to get
U.S.-grown rice into a new food aid program targeting the Syrian refugee
crisis (see "USA Rice Efforts Result in Congressional Action on Rice
Food Aid"above).
"I think every American knows we can and should do more for
people suffering around the world, and sending our rice to help those
refugees is about the least we can do, so we appreciate Senator Boozman and
Congressman Crawford and other leaders in Congress working to make that
happen," said Brantley.
The event featured a packed trade show and dynamic programming
throughout, including sessions on farm bill implementation, water
quality and quantity, and the USA Rice-DU Regional Conservation Partnership
Program. USA Rice Vice President of Government Affairs Ben Mosely also
led a lively breakout session to discuss interpretations to the Actively
Engaged Rule in the 2014 Farm Bill.
"While there's no doubt the Farm Bill has provided some
level of assurance to rice farmers, this actively engaged rule missed the
mark and is disconnected from the reality of the farming landscape
today," he said. "I encourage growers to visit with their local FSA
office to discuss the potential impacts to their operation and make sure that
they don't miss any deadlines for farm reconstruction."
|
|
China and Crop Insurance Topics Dominate Eudora Grower
Meeting
EUDORA, AR -- About 80 growers
from northeast Louisiana and southeast Arkansas attended a meeting in Eudora
yesterday to hear policy and program updates from USA Rice and a presentation
by William Cole, a crop insurance expert with Cole Agency, LLC.
Among the many policy,
promotion, and trade topics covered, the growers were perhaps most interested
in how developments in China could impact them directly.
"This market is potentially
large but will take time to develop. We believe that all technical
hurdles have been met," explained USA Rice President & CEO Betsy
Ward. "We're at the step in the process where U.S. mills and
facilities are going to be inspected by U.S. officials, then Chinese
officials, and then, following an official decree from China identifying
eligible Chinese ports, shipments could begin. It will be a new market
for us, so that really will benefit all U.S. rice farmers regardless of where
you live."
Cole provided updates on new and
existing crop insurance options for rice growers including supplemental
coverage option, margin protection, whole farm revenue, and downed rice
policies. His presentation is available online here.
|
Opportunities opening up for rice industry
Last Modified: Thursday, February 04, 2016 9:51 AM
JENNINGS — Global markets are
brimming with opportunities for international trade of U.S. rice, an industry
official told Southwest Louisiana rice farmers this week.“We understand the urgency
of getting some new markets open and moving some rice for the industry,” USA
Rice Federation President Betsy Ward told members of the Louisiana Rice Council
and Louisiana Rice Growers Association during a joint meeting Tuesday.Things
continue to look optimistic for the rice industry as officials work to promote
U.S. rice in foreign countries and further open international trade, Ward said.
More than $5 million is spent annually on rice export promotions and trade
policy work for global markets, she said.
Mexico is the largest market
for U.S. rice, including paddy rice and long-grain mills, but those exports are
facing competition from outside rice markets, Ward said.“We have seen some
penetration from Uruguay and some of the other Asian markets, so we really have
to work hard to identify U.S. rice in the marketplace,” Ward said.he U.S. is
investing significant time and resources in Mexico because of the potential
growth, she said. Over 300 marketing activities a year are conducted there to
promote U.S. rice.“Most people think Mexicans eat rice all the time,” Ward
said. “But they don’t, so there is potential for upside growth because they
have a young and growing population who are interested in new cuisines and they
can’t possibly produce rice due to water issues and low production in Mexico.
”Exporting rice to Mexico is
also easy for the U.S. because there are no tariffs on rice, she said. U.S.
rice officials are equally excited about further opening up the rice market in
Colombia, which is the third-largest importer of American rice.Colombia has an
emergency need for about 200,000 metric tons of rice due to El Nino effects on
their domestic rice production, she said.“And we want them to buy U.S. rice,”
Ward said. “They’re looking at buying some Asian rice and bringing it in. We
want to prevent that from happening because that is a good market for us, and
if they bring in cheaper rice it could undermine our markets.”
Officials have been working
since December to establish a better market in Colombia, she said.U.S. rice
officials are also stepping up efforts to sell more rice to Iraq, which imports
about 1.5 million metric tons per year, including some U.S. rice. But problems
with inconsistencies in government control and frequent changes in personnel
have hindered efforts to open the market to the U.S.U.S. rice producers could
also soon gain access to China, the world’s largest rice market. The market has
been tough for U.S. rice, but recent negotiations are expected to soon open the
market, Ward said. “We have been working to open up that market for nearly a
decade,” she said.Officials hope to begin exporting U.S. rice to China this
year.“Our mills and exporters are prepared and ready to comply with a very
complicated sanitary agreement,” Ward said. “We are going to supply a list of
interested exporters to the Chinese government to tell us what ports we can
export to.”
U.S. rice officials also want
to do more business with Cuba and are waiting for embargoes to be lifted. Many
of the officials are scheduled to meet next week in Washington, D.C., to focus
on the importance of the Cuban market to U.S. rice, she said.
Ben Mosely, USA Rice Federation
vice president of government affairs, said officials are working on a lot of
issues with Congress and the Obama administration that focus on international
trade.Several bills in Congress seek to remove sanctions and lift embargoes,
but politics is slowing the process, Mosely said.
http://www.americanpress.com/20160204-rice-outlook
Bi-Weekly Market Briefings for 02/05/2016
PILOT PROGRAM FOR ARKANSAS RICE
A new plan of insurance now available from
the USDA’s Risk Management Agency (RMA), Margin Protection provides coverage
against an unexpected decrease in operating margin (revenue less input costs).
Margin Protection is area-based, using county-level estimates of average
revenue and input costs to establish the amount of coverage and indemnity
payments. Because Margin Protection is area-based (average for a county), it may
not reflect individual experience. Margin Protection can be purchased by itself
or in conjunction with a Yield Protection or a Revenue Protection policy. To
the extent that the average margin for a county is lower than expected, due to
a decrease in revenue and/or an increase in input costs, Margin Protection will
cover a portion of that shortfall. In Arkansas, Margin Protection is only
available for rice in 2016. Margin Protection provides coverage that is based on an
expected margin for each applicable crop, type and practice. Expected Margin =
Expected Revenue – Expected Costs, where expected revenue (per acre) is the
expected county yield multiplied by a projected commodity price; and expected
cost (per acre) is the dollar amount determined by multiplying the quantity of
each allowed input by the input’s projected price.
Farmers may choose to cover anywhere from 70
percent to 90 percent of their expected margin. A higher level of coverage will
have a higher premium rate.
When determining the margin, two types of
inputs are considered: those subject to price change as listed below, and those
not subject to price change (i.e., fixed from planting to harvest). Inputs not
subject to price change are not specifically identified, but include seed,
machinery, operating costs (other than fuel) and similar expenses. Inputs
subject to price change are identified in the Margin Provisions and include
corn/rice – diesel, urea, DAP, potash and interest; and soybeans – diesel, DAP,
potash and interest.
Public rice genomic resources are boon for breeders
February 5, 2016 by Krishna Ramanujan
A
Cornell-led international team of researchers has launched a set of open-access
genomic resources that will greatly accelerate the ability of geneticists and
breeders to link genes to important traits in rice.This publicly available
research platform – including seeds of diverse rice varieties, genomic
diversity data, analysis tools and visualization resources – represents a major
milestone in advancing the ability to breed new rice varieties to feed a
growing population, while also addressing the challenges of growing crops in a
changing climate.The team has published two companion papers in the Feb. 5
issue ofNature Communications.The first paper describes the launch of
the platform that will facilitate genome-wide association mapping in rice, a
staple crop that feeds 3 billion people. Genome-wide association mapping looks
at many different versions, or variants, of a gene to determine if any of them
are linked to specific traits, which is useful information for breeders.
The
platform includes a panel of 1,568 diverse rice varieties; a dataset featuring
700,000 single nucleotide polymorphisms (SNPs), or genetic variants; and a suite of tools for
analyzing and evaluating traits. The platform is the culmination of a $7
million National Science Foundation grant to Principal Investigator Susan
McCouch, professor of plant breeding and genetics in Cornell's School of Integrative
Plant Sciences."There are dozens of groups around the world already using
these resources to study their favorite traits, and their papers will be
published shortly now that ours is out," said McCouch, lead author of the
paper describing the platform.
The
genomic tools are helping other researchers describe links between genes and
traits, including disease and insect resistance, photosynthetic and nitrogen
use efficiency, starch quality, salt, heat and cold tolerance."This is a
global initiative," McCouch added. "The technology and information we
are releasing are very catalytic and will impact breeding in many parts of the
world."
Rice
genetics poses unusual challenges because rice has deep cultural roots tied to
national identities and has been inbred for certain characteristics in each
location. There are thousands of different rice varieties, selected for growth
in diverse environments, and for distinctive grain qualities that match
culinary preferences.Unlike maize and wheat, which are often transformed into
flours or pastes or made into beer, rice is eaten as a whole grain, and people
in different countries have strong preferences for grain size, texture, color
and smell, so its marketable features must be maintained. This is a challenge
because many genes are involved, and changing one trait can change others as
well."As the climate changes, we need new adaptive traits but we have to
keep the diversity of quality traits," McCouch said. "This work is
designed to help us mine the wealth of natural variation available in rice to
accelerate plant breeding and create strains of rice that are adapted to new
climate conditions."
The
team's second paper utilized the genomic resources reported in the first paper,
to examine panicle structure, the branched stalks that hold clusters of
developing rice grains. Led by Samuel Crowell, a former graduate
student in McCouch's lab, the study discovered extensive variation for panicle
architecture in rice, yet showed that the highest yielding varieties
had intermediate sized panicles."If you try to make a panicle longer and
think, therefore, you are going to get more yield, the plant typically
compensates by making it less branched or filling fewer seeds," McCouch
said.
The work
suggests that in some cases, this is due to the action of several genes that
are so closely linked along the chromosomes that they have never been
separated. Using the resources described in these papers, breeders now have the
opportunity to selectively recombine these linked arrays of genes, offering
exciting new possibilities to optimize the relationship between panicle
architecture, yield and grain quality.
http://phys.org/news/2016-02-rice-genomic-resources-boon-breeders.html
Alleged rice imports peeve growers
Feb 4 at 11:30 AM
Espaillat said rice consumption
is around 90 million pounds monthly. He noted that Agriculture minister Angel
Estevez is aware of the details of that inventory.The agro leader said Fenarroz
has asked Estevez to convene the National Rice Commission to address the
alleged imports of rice and other key issues for rowers.
http://www.dominicantoday.com/dr/economy/2016/2/4/58069/Alleged-rice-imports-peeve-growers
Asian rice prices soften
on low buying demand
Thailand and Vietnam are the
world’s second- and third-largest exporters of the grain after India.“After
Tet, domestic supply will pick up, so buyers may be waiting for lower prices,”
a trader in Ho Chi Minh City said, referring to Vietnam’s holiday from Feb.
6-14.Harvesting of the winter-spring crop, Vietnam’s biggest, will peak from
late this month, and prices could weaken due to increased supply, traders said.Vietnamese
25-percent broken rice widened to $330-$340 a tonne, free-on-board (FOB) Saigon
Port, against $340 a week ago while the 5-percent broken rice stood unchanged
at $350-$355 a tonne, FOB basis.
“Thai rice prices are higher so Vietnam could sell its
winter-spring rice well,” the trader said.Thai 5-percent broken rice eased to
$365-$375 a tonne, FOB Bangkok, from $365-$380 last Wednesday.A gap of $15-$20
a tonne in Thai and Vietnamese rice prices could prompt foreign buyers to take
Vietnamese grain.Traders in Bangkok said thin buying demand and a stable Thai
baht-US dollar exchange rate helped keep the market steady.“Everything is the
same and I think the market will be quiet for a while,” a trader said.The
Philippines can harvest at least 18 million tonnes of paddy rice this year,
slightly down from 18.15 million tonnes in 2015, Agriculture Secretary Proceso
Alcala said on Tuesday.Manila could delay its planned additional purchase of up
to 400,000 tonnes of the staple food, the state grains stockpiler said in late
January.
http://www.mb.com.ph/asian-rice-prices-soften-on-low-buying-demand/#qSG8TP97G5XFFdRM.99
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