Wednesday, June 15, 2016

15 June,2016 daily global,regional and local rice enewsletter by riceplus magazine



 

Asia's best-kept beauty secret: Rice water

1406-2016

All the women from the Huangluo Village in Southern China belonging to the Yao clan have one feature in common—long, fabulous black hair. They say they owe this to an Asian remedy—rice water that was used by the geishas as well to get their porcelain skin.
Packed with potent antioxidants, minerals, iron, zinc, B-complex vitamins and vitamin E, rice water is known to have several beautifying properties. It is said that washing your face with it can soften skin and reduce wrinkles, fine lines and scars or blemishes, and slow down the ageing process. It can benefit your hair too by strengthening the hair shaft and making hair more manageable and adding loads of shine to it.
There are two ways to use rice water:
1)    Wash the rice and throw away the muddy water first. The second time you wash the rice, collect the water and use it to wash your skin and hair.
2)    Boil some rice. Let the water cool down. Store this water in refrigerator. Use this to then wash your skin and hair
http://www.femina.in/beauty/beauty-booty/asias-best-kept-beauty-secret-rice-water-7288.html

Tambuwal proposes re-look at rice imports ban

14 June 2016, 12:36Augustine Osayande
Abuja - The Governor of Sokoto State, Aminu Waziri Tambuwal, has urged Nigerian Customs Service to review its policies following the ban on importation of some commodities particularly rice.“Before we become self-sufficient in rice production, I urge you to show some flexibility in the policy,” he said.The governor insisted the long term benefit of the policy is not in doubt since many in the country were faced with weak purchasing power.“It is imperative that the policy is reviewed to ensure price of commodities are within the reach of the common man,” Tambuwal added.He nonetheless commended the Customs Comptroller General, Hameed Ibrahim Ali, for instilling discipline in the service’s operations and urged him not to relent until the revenue base of the federation had increased.
Alli meanwhile acknowledged that the last year had been a difficult one for the paramilitary organisation.From revenue target of N80 billion monthly, the organisation, he said, was now struggling to get N45billion to 50 billion every month.“So, this is not the best of times for us but we are working to overcome our challenges,” Ali said. 
- CAJ News
http://www.news24.com.ng/National/News/tambuwal-proposes-re-look-at-rice-imports-ban-20160614

Mississippi rice crop makes good progress; herbicide drift; more CL163

Written By Delta Farm Press Posted: 06/13/2016, 07:00pm
It was clear by early June that spring’s wet, cool weather caused few issues for Mississippi’s rice crop, as growers got it planted on time and the emerged crop looked good overall. Department of Agriculture estimated that as of June 5, the crop was 99 percent planted and 97 percent emerged. Of that acreage, 78 percent was in good or excellent condition, and 20 percent was in fair condition.
http://memphis.suntimes.com/mem-business/7/129/309721/mississippi-rice-crop-makes-good-progress-herbicide-drift-more-cl163
TPP may pose good news, bad news for U.S. rice exports – High Plains Journal
— June 13, 2016
This post was originally published on this site
            TPP may pose good news, bad news for U.S. rice exports
High Plains Journal
The Trans-Pacific Partnership now before the U.S. Congress is expected to have an overall positive impact on U.S. rice exports, but may pose a risk to long grain exports, according to a report from the University of Arkansas System Division of Agriculture
http://canada-nz.org.nz/2016/06/13/tpp-may-pose-good-news-bad-news-for-u-s-rice-exports-high-plains-journal/

Thai Commerce Min to establish institution for rice commercialization

By editor on 2016-06-14 Thailand
Min of Commerce to establish institution for rice commercialization
BANGKOK, 14 June 2016 (NNT) – The private sector has expressed support for the Ministry of Commerce to establish an institution for the commercialization of rice.
Permanent Secretary for Commerce Chutima Bunyapraphasara revealed after discussing with rice research centers and private companies that they believe such an institution would be beneficial to the country. They believe a rice commercialization establishment would raise the value of rice and rice-related products from Thailand. Ms. Chutima also disclosed that the institution will also play a role in determining non-tariff barriers for certain imports.
Next month, the Ministry of Commerce will submit a proposal to establish the institution to the National Rice Policy and Management Committee (NRPMC) for consideration. Ms. Chutima said she will assure the NRPMC that the role of the institution will not be redundant with other rice and trade organizations.
As for the government-to-government deal (G2G) between Thailand and China, The Commerce Permanent Secretary said Thailand is expected to export around one million tons of rice in mid-2016 to the Asian superpower.
Exports of the remaining one million tons of rice under the G2G deal will be tabled for consideration during a meeting on the Thai-Chinese high-speed train project, which will be held in the near future.http://news.thaivisa.com/thailand/thai-commerce-min-to-establish-institution-for-rice-commercialization/145436/

Rice, grain prices responding to U.S., global central bank policies

Tomorrow's Fed meeting could set tone for futures for remainder of 2016
Jun 14, 2016 Bobby Coats | Delta Farm Press
I expect guidance to be more supportive allowing market fundamentals a turn at directing commodity price strength or weakness, which near term would be neutral to bearish for commodities having shown price strength and neutral to bullish for commodities just starting to show price strength.
-Dr. Bobby Coats
The markets are awaiting Federal Reserve Chairman Janet Yellen’s comments after their Federal Open Markets Committee (FOMC) meeting tomorrow (June 15). The question is will Fed monetary guidance be bullish or bearish for rice, cotton, grain and other commodity markets?
I expect guidance to be more supportive allowing market fundamentals a turn at directing commodity price strength or weakness, which near term would be neutral to bearish for commodities having shown price strength and neutral to bullish for commodities just starting to show price strength.
On May 25, U.S. Federal Reserve Chairman Janet Yellen indicated near term future Fed Monetary Policy Activity would likely be increasingly hawkish with all indications of a Feds Fund Rate increase sooner rather than later, possibly as soon as the Fed’s June 14-15 meeting.
This, I expect, was due to building global inflationary forces, being driven by continuous injections of stimulus from fiscal and monetary policy intervention, from the European Union, Japan, China and others. These activities – especially since late-February – have been supportive to bullish for rice, cotton, grains, and oil prices.
Next, the following Friday, June 3rd, after market participants digested the news of the “Lowest Nonfarm Payroll in Over 5 Years,” few market participants now expect a U.S. Fed Fund Rate increase on June 15. The expectation is forward guidance will be:
  • First, the FOMC committee remains data dependent; and
  • Second, do not rule out a July Fed Funds Rate increase on July 27th.   
Presently, the need for a rate increase is huge, but market psychology is lacking. 
Thus near term given dollar chart structure I see a dollar more likely sideways channel bound and a potentially bullish environment for U.S. Treasuries.
http://deltafarmpress.com/rice/rice-grain-prices-responding-us-global-central-bank-policies

Saving Pakistan’s Dying Agriculture Sector

Pakistan cannot achieve sustained economic growth with its agriculture sector in decline.
June 13, 2016

The role of the agriculture sector in generating economic growth in Pakistan has been significant. This sector has, however, stagnated over the last two decades largely due to the government’s policies to support industrialization in the country as a development priority. Particularly, the last two governments have turned their focus away from agriculture and toward industry, taking away necessary financial resources and attention required for the development of the agriculture sector.
Natural disasters, floods, and droughts have compounded the problem for Pakistan. Severe flooding in September 2014 destroyed around 1 million acres of standing crops; the flooding also caused the destruction of irrigation canals and land erosion. In August 2010 floods triggered by heavy monsoon rains destroyed about 1 million hectares of crops in Punjab province. Pakistan’s principal food crops, such as wheat, sugarcane, and rice, haven’t been able to overcome the impacts of these floods: exports of rice and wheat have dropped significantly due to low production rates. To feed its own textile sector, Pakistan had to import cotton from its neighboring countries.
The rapid erosion of the vital agriculture sector is directly reflected in the country’s economic growth. Agriculture adds almost 22 percent to the country’s Gross Domestic Product (GDP); the crops mentioned above account for more than 5 percent of Pakistan’s GDP. Although Pakistan’s economy during the most recent fiscal year achieved the highest growth rate since 2008-09, it could not attain its overall set growth target of 5.7 percent, largely due to a major decline in the agriculture sector. A Pakistani think tank, Social Policy and Development Centre (SPDC), has even refuted the government’s claim of achieving 4.7 percent GDP growth for the outgoing year: “GDP growth rate is 3.1 percent, not 4.7 percent in fiscal year 2015-16,” said the institute.
The current Pakistan Muslim League Nawaz (PML-N) government is known for its excessive and often interventionist policies in the agriculture sector, particularly with regard to ignoring the needs of small farmers and imposing additional taxes in the form of increased power tariffs and fertilizer prices. Despite the military coups and changes in the government, the PML-N’s provincial government in Punjab – the most important agricultural region – has ruled the province for almost two decades; however, the growth rate of the agriculture sector has consistently lagged behind the other sectors.
Meanwhile, the government’s heavy handed approach to suppressing farmer’s demands is deeply concerning. A week ago, the Pakistan Farmer Association protested outside the Punjab provincial assembly, demanding an end to extra taxes on fertilizers and electricity. The protests were met with the government’s deployment of police. In the Okara district of Punjab province, farmers have been arrested under various anti-terrorism laws while their gatherings have been banned. “The government’s use of vague and overbroad counter-terrorism laws against protesting farmers brings new tensions to this volatile situation,” Human Rights Watch said.
These problems are primarily because of the party leadership’s fixation with the industrial sector and imbalanced economic policies that approach the agriculture sector as an “obsolete” area, which does not merit the government’s state-level growth oriented intervention. Adding to the problem is the lack of research support to increase crop productivity, outdated agricultural knowledge, erosion of the irrigation system — all resulting in lost competitiveness internationally. Although Pakistan has a predominantly agricultural economy, the rapid decline in the sector has forced Pakistan into importing a number of food commodities to fulfill its own consumption needs. Despite the marked decline, the country cannot overlook the importance of this sector: besides contributing to more than 70 percent of total export earnings, it employs almost half of the country’s labor force.
While the government has promised extra funding in next year’s budget to rescue the agriculture sector, sustained growth is impossible unless a comprehensive and modern agricultural policy is formulated

Pakistan, China agree to increase Pakistani rice, fruits export to Yunnan

24 hours ago BY INP
Minister for Commerce Khurram Dastgir Khan met the Secretary of Communist Party China of Yunnan Province Li Jiheng in Kunming, China.
The two leaders expressed satisfaction on the very successful 4th China-South Asia Expo especially Pakistan’s active participation with the largest country pavilion.
They also exchanged views on the current status of Yunnan province’s economic and commercial ties with Pakistan and agreed to focus on ways and means to further promote these ties in a comprehensive manner.
The Commerce Minister suggested that bringing Pakistani agricultural products like rice and fruits to Yunnan could be an important step in this direction.
The Yunnan Party Secretary agreed that the two sides needed to work closely in this area.
In addition, it was also agreed that concerted efforts will be made to enhance people to people contacts and cooperation in important fields of science and technology, culture, tourism, and education.
The minister is visiting Kunming to lead Pakistan’s delegation to the 4th China-South Asia Expo being held from 12 to 17th of this month.
http://www.pakistantoday.com.pk/2016/06/14/national/pakistan-china-agree-to-increase-pakistani-rice-fruits-export-to-yunnan/

Duterte’s coming reality check

I’m not perturbed at the stream of consciousness rants of President-elect Duterte against the Catholic hierarchy, media, the judiciary, the BIR, Customs, government officials on the take from drug lords, and most everything else. To my mind, he’s only venting the people’s frustrations at our weak institutions.
The question, however, is how does he intend to solve the weakness of these institutions and the dysfunctions of government?
Between politicians and Leftists in his cabinet, the incoming Duterte administration seems to think that government is the answer: No nonsense, activist, disciplinarian government.Take, for example, the food affordability problem. Judging from the announcements of his incoming Secretary of Agriculture, Manny Piñol, the administration will recentralize all rice imports under the National Food Authority and will target to be rice self-sufficient in 3 years.The National Food Authority has had a rice importation monopoly for more than fifty years and rice, instead of becoming cheaper, has become more expensive. Thanks to this monopoly, Filipino rice consumers pay twice for their rice as their counterparts in Vietnam.

How the incoming Duterte administration will make more food affordable without liberalizing rice imports escapes me. If the Duterte administration thinks that it will solve the food affordability problem by launching another rice self-sufficiency program similar to what Secretary Prospero Alcala’s Agriculture Department launched, they have another think coming. It will be another failure, like Alcala’s program because years after it was launched, we still import close to 2 million tons of rice a year. By the way, the Aquino administration can claim some success in making supply to equal demand: it raised prices by restricting imports, thereby reducing demand. A cruel, but effective, measure.

I also don’t know how the incoming administration will stop rice smuggling since the incentive to smuggle is high because of the huge difference between the landed price of imported rice and domestic prices. Therefore, rice smuggling is very, very profitable. Will shooting rice smugglers stop smuggling? Or will Customs and law enforcers look the other way for a few pieces of silver, Duterte’s cursing and threats notwithstanding?

The coming reality check for President-elect Duterte is that the Philippine state is weak, inefficient, and ineffective. He better craft policy solutions along that line, rather than assume that he can bend government institutions and society’s problems to his will.For example, President-elect Duterte talks about stopping contractualization, or the practice of giving out five (5) month contracts to casual laborers to prevent them from becoming permanent employees. He seems to think that if the government says stop, the practice will stop.The practice of giving out what are called 5-5-5 contracts is already illegal under DoLE Order 18-A issued in 2011. Legitimate labor contractors are required by law to meet certain capitalization requirements and to pay all mandatory benefits. So what will the Duterte administration stop what is already illegal?

If President-elect Duterte means outlawing the practice of outsourcing certain labor-intensive operations to outside contractors, he will be going against the worldwide trend of outsourcing since companies want to focus on core competencies and outsource the rest. For example, an electronics company would want to focus on doing hardware and software and not be distracted by managing janitorial or merchandising services. An order banning contractualization may end up discouraging investments and employment.

The way to reduce contractualization is to reduce the incentive of employers to terminate casual workers before the end of six months: amend the Labor Code to extend the probationary period from six months to at least two years, enough time for workers to learn skills and employers to decide if they deserve to have security of tenure.

Better yet, President-elect Duterte should build on his previous idea of leasing out islands or enclaves for private, and even foreign investors, to manage. Let those economic zones experiment with more market-friendly employment policies and let its performance be contrasted with the rest of the nation in terms of employment and labor welfare. After all, the whole idea of federalism is “letting a hundred flowers bloom.” Let autonomous zones experiment and let the nation see which vision -- the statist one perpetuated by the politicians and the Left or a more market-friendly government, succeed.

It can be argued that the Philippine state can be made to be more efficient, effective, and strong. History argues otherwise: name it -- PNR, Napocor, MWSS, NAIA, MRT, NFA etc. -- and anything the government manages, turns into a corrupt piece of crap insensitive to the public welfare, irrespective of who’s in power.There are many reasons for the weakness of the Philippine state: a highly politicized bureaucracy; a political system dominated by dynasties whose loyalty is to family rather than the nation; an inward-looking, rent-seeking economy dominated by oligarchs in non-tradable regulated industries -- power, telecommunications, banking, ports, shipping, etc. -- whose interest is “regulatory capture” or penetrating the state for the benefit of their regulated industries.

The Duterte team seems to be afflicted with hubris and with a sense that it can do everything. Here’s a cautionary tale: there was this former mayor of a non-capital city in Southeast Asia who was elected president of his nation with popular acclaim. He had humble ways and the press even wrote about how his family would just take the economy class on plane trips. He promised to build infrastructure projects quickly and lift the economy. He projected himself tough on drugs, ordering the execution of suspected foreign drug dealers and risking international condemnation.

However, after just one year, his popularity fell precipitously. He failed to lift the economy. His infrastructure projects didn’t take off. His anti-drug executions left his country diplomatically isolated. His clean image suffered with appointments of officials with a history of corruption from a previous administration.His name? Indonesia’s President Joko “Jokowi” Widodo. Filipinos know him because of Mary Jane Veloso, a Filipina convicted of smuggling heroin in Indonesia and scheduled to be executed under Jokowi’s tough anti-drug campaign. Filipino authorities pleaded with Jokowi to spare her.

Although there are similarities, Duterte is no Jokowi. However, to avoid Jokowi’s fate, Duterte should not overestimate the capacity of the Philippine state. Instead, he should harness the forces of the market and the private sector to quickly deliver on his promise of inclusive growth.Calixto V. Chikiamco is a board director of the Institute for Development and Econometric Analysis.

idea.introspectiv@gmail.com

www.idea.org.ph
http://www.bworldonline.com/content.php?section=Opinion&title=duterte&8217s-coming-reality-check&id=128945


Min of Commerce to establish institution for rice commercialization
BANGKOK, 14 June 2016 (NNT) – The private sector has expressed support for the Ministry of Commerce to establish an institution for the commercialization of rice.
Permanent Secretary for Commerce Chutima Bunyapraphasara revealed after discussing with rice research centers and private companies that they believe such an institution would be beneficial to the country. They believe a rice commercialization establishment would raise the value of rice and rice-related products from Thailand. Ms. Chutima also disclosed that the institution will also play a role in determining non-tariff barriers for certain imports. Next month, the Ministry of Commerce will submit a proposal to establish the institution to the National Rice Policy and Management Committee (NRPMC) for consideration. Ms. Chutima said she will assure the NRPMC that the role of the institution will not be redundant with other rice and trade organizations.
As for the government-to-government deal (G2G) between Thailand and China, The Commerce Permanent Secretary said Thailand is expected to export around one million tons of rice in mid-2016 to the Asian superpower.
Exports of the remaining one million tons of rice under the G2G deal will be tabled for consideration during a meeting on the Thai-Chinese high-speed train project, which will be held in the near future
http://news.thaivisa.com/thailand/thai-commerce-min-to-establish-institution-for-rice-commercialization/145436/

Brown rice, porridge and Weetabix could prevent early death, study finds

Published 14/06/2016

Enjoying a bowl porridge oats every day could help lengthen your life, a study has found
Eating whole grains - such as brown rice, oats and Weetabix - could prevent an early death, research suggests. Experts at Harvard found just one 16g serving per day of whole grain cuts the risk of dying from any cause, heart disease or cancer. And, they argued, the more whole grains people eat, the bigger the benefits.
Their analysis of studies showed that for every single serving (16g) of whole grains, there was a 7% drop in risk of death from any cause, a 9% drop in death from cardiovascular disease and a 5% drop in the chance of dying from cancer. When three servings (48g) was eaten daily, people had a 20% lower chance of dying from any cause, a 25% reduced risk of a cardiovascular death and a 14% reduced chance of dying from cancer.
The research was published in the journal of the American Heart Association. A slice of whole grain bread acts as one serving, while two Weetabix (37.5g) is just over two servings. Half a cup of cooked brown rice or 100% whole grain pasta also count as one serving.
Experts agree that people do not eat enough whole grain foods and fibre. The recent Eatwell Guide published by Public Health England (PHE) says people should consume 30g of fibre per day from fruit, vegetables and whole grain foods. Currently people only consume around 19g of fibre per day - less than two-thirds the recommendation. Previous studies have shown that whole grains can help reduce the risk of heart disease, stroke, obesity and Type 2 diabetes. In the latest analysis, 12 studies were included from the US, Scandinavia and the UK. The combined studies involved 786,076 men and women and included 97,867 total deaths, 23,597 deaths from cardiovascular disease and 37,492 deaths from cancer.
Qi Sun, a ssistant professor in the department of nutrition at the H arvard T.H. Chan School of Public Health in Boston, who led the research, said low-carbohydrate diets that ignore the health benefits of whole grains foods "should be adopted with caution". He said they may be linked to a higher risk of cardiovascular disease and death. "Based on the solid evidence from this meta-analysis and numerous previous studies that collectively document beneficial effects of whole grains, I think healthcare providers should unanimously recommend whole grain consumption to the general population as well as to patients with certain diseases to help achieve better health and perhaps reduce death," he said.
Victoria Taylor, senior dietician at the British Heart Foundation, said: "Eating more wholegrains is a simple change we can make to improve our diet and help lower our risk of heart and circulatory disease. "Unlike in the US, the UK doesn't have specific recommendations for the number of portions of wholegrains we should eat every day, but we do have a recommendation on the amount of fibre we should eat. Wholegrains are a great way of increasing the level of fibre in our diets and, on average, our intake of fibre is not meeting guidelines."Choosing brown rice, whole-wheat pasta, wholemeal or granary bread instead of white and swapping to wholegrain breakfast cereals like porridge are all simple ways to help us up our fibre and wholegrain intake."
Prof Tim Key, Cancer Research UK scientist at the University of Oxford, said: "We know that eating fibre, including whole grains, can reduce the risk of developing bowel cancer."This study suggests that a diet high in whole grains could reduce death from cancer, but it's difficult to tease apart other lifestyle factors that could be playing a role. If whole grains do reduce the risk of dying from cancer it's most likely linked to bowel cancer.
http://www.belfasttelegraph.co.uk/news/uk/brown-rice-porridge-and-weetabix-could-prevent-early-death-study-finds-34798950.html

ED, IT to probe multi-crore scam in export of Basmati rice to Iran

By PTI | 13 Jun, 2016, 05.01PM IST

Both the agencies have been asked by a Supreme Court-appointed Special Investigation Team to track the money which has been laundered through the export.NEW DELHI: The Enforcement Directorate (ED) and Income Tax (IT) department will probe the over Rs 1,000-crore scam in export of high-quality Basmati rice to Iran which was fraudulently diverted mid-sea to Dubai. Both the agencies have been asked by a Supreme Court-appointed Special Investigation Team to track the money which has been laundered through the export besides zeroing in on its beneficiaries, official sources said today.

The Directorate of Revenue Intelligence (DRI), which has unearthed the scam, has shared relevant details of the case with the SIT, which is now monitoring the probe, they said. The SIT, headed by former Supreme Court judge M B Shah, is responsible for investigating cases of black money stashed within and outside the country. Over two lakh metric tonnes of Basmati rice was illegally offloaded in Dubai, during 2014-2015, instead of Bandar Abbas in Iran, the sources said. At least 25 big exporters from Haryana and Punjab are under the scanner of probe agencies for their involvement in the multi-crore scam. Both ED and IT have been asked to look into the case, they said. Explaining the modus operandi, the sources claimed the rice would be taken to Gujarat's Kandla Port by these exporters. They would then file shipping bills--documents filed with customs authorities carrying details of goods to be exported, consignor and consignee--for export to Iran.

Instead of the consignment reaching Iranian shores, it would be diverted mid-sea to Dubai allegedly with connivance of cargo ship operators carrying the goods. Surprisingly, payments were also made from Iran to these exporters in India. Importers and port officials would allegedly acknowledge the receipt of rice and allow payment to be made against it here, they said. Agencies are clueless about the end-use of rice off-loaded in Dubai and suspect misuse of the proceeds through the commodity to fund some illegal activity like terror financing, the sources said. Minister of State for Finance Jayant Sinha had recently informed the Parliament about the scam.

 "Directorate of Revenue Intelligence has detected cases of diversion of Basmati rice export wherein consignments of rice meant for Iran were diverted to Dubai. "The payments for the said goods were received in Indian Rupees instead of freely convertible foreign currency, by misusing the facilities granted to the goods actually exported to Iran," Sinha had said in a written reply to Lok Sabha.
Economic Times


Zinc deficiencies in Arkansas rice fields

Jun 13, 2016 Jarrod Hardke, Arkansas Extension Rice Specialist
Zinc deficiencies continue to be reported in Arkansas rice fields as more rice has been flooded for a couple of weeks.If you have bronzing of the lower leaves and a bright yellow midrib, that’s a great indicator of a zinc problem.The recommended correction for this problem is to immediately drain the flood. There’s rarely a situation that allows you to avoid draining, you just have to do it.Once new leaf and root growth occurs, apply 1 pound of zinc per acre.  A few days later apply 100 pounds of ammonium sulfate and reflood.

Yes, you absolutely need 1 pound of zinc per acre of a chelated zinc.If the product contains 10 percent zinc, you need 1 gallon per acre of that product.Don’t let anyone talk you into a reduced rate or a different type of product.
If you have any doubts about the zinc deficiency (sometimes it's less obvious) or feel something else may also be in play, send plants off for tissue analysis.
Proper diagnostic analysis involves sending in a sample that looks deficient as well as a sample from a good area of the field. This allows for comparison of values within the field as opposed to comparing strictly to textbook values that may not be as representative of your crop in its current stage and situation

http://deltafarmpress.com/rice/zinc-deficiencies-arkansas-rice-fields

06/14/2016 Farm Bureau Market Report

Soybeans

High
Low
Cash Bids
1180
1101
New Crop
1179
1129


Riceland Foods


Cash Bids
Stuttgart: - - -
Pendleton: - - -
New Crop
Stuttgart: - - -
Pendleton: - - -


Futures:

SOYBEANS


High
Low
Last
Change





Jul '16
1176.50
1152.75
1169.50
+0.50
Aug '16
1173.50
1151.50
1166.00
-3.00
Sep '16
1162.25
1143.25
1155.75
-7.00
Nov '16
1158.25
1137.25
1149.25
-9.75
Jan '17
1154.75
1134.75
1146.00
-10.25
Mar '17
1113.75
1097.00
1105.00
-10.50
May '17
1094.00
1080.75
1089.75
-6.50
Jul '17
1092.50
1078.00
1087.00
-7.50
Aug '17
1060.00
1060.00
1068.25
-6.75

Soybean Comment

Soybeans closed mixed today as the market continues to experience profit taking after posting one of the longest rallies ever in soybeans. While the corn market worries about its crop getting smaller soybeans are concerned about additional acreage being added later this month. As for demand, soybeans continue to get good demand news as the the USDA reported 4 million bushels sold to unknown destinations today.



Wheat

High
Low
Cash Bids
496
466
New Crop
491
466


Futures:

WHEAT


High
Low
Last
Change





Jul '16
493.50
481.25
485.00
-6.25
Sep '16
505.25
493.25
497.75
-5.50
Dec '16
525.50
514.25
518.25
-5.00
Mar '17
546.25
534.75
538.00
-4.75
May '17
556.25
547.00
549.75
-5.00
Jul '17
565.25
554.00
558.50
-5.00
Sep '17
569.50
563.50
565.25
-4.25
Dec '17
579.00
571.50
576.50
-3.00
Mar '18
589.00
586.00
587.00
-1.75



Wheat Comment

Wheat prices closed lower as prices continue to lack support from outside markets to move higher. With bearish fundamentals and a strengthening dollar wheat prices are giving back some of thier recent gains. The market will need to see continued strength in other grains in order for wheat not to see a major sell off back to support near $4.65.



Grain Sorghum

High
Low
Cash Bids
395
395
New Crop
385
345






Corn

High
Low
Cash Bids
450
410
New Crop
450
426


Futures:

CORN


High
Low
Last
Change





Jul '16
436.75
423.50
436.50
+6.50
Sep '16
442.25
428.75
441.75
+6.25
Dec '16
447.00
432.75
446.50
+6.50
Mar '17
451.50
438.00
451.00
+5.75
May '17
453.75
441.50
453.50
+5.25
Jul '17
455.25
444.25
455.00
+4.75
Sep '17
420.25
411.75
419.00
+1.75
Dec '17
418.25
410.00
415.75
+1.75
Mar '18
423.75
418.50
422.25
+2.25



Corn Comment

Corn prices closed higher today as the market remains concerned about the size of this years crop. While recent strong demand has helped boost prices, recent dryness and the rally in soybeans has corn traders worried about supplies in 2016/17. Prices are likely to remain volatile as we approach the acreage report later this month.



Cotton
Futures:

COTTON


High
Low
Last
Change





Jul '16
63.79
62.58
63.04
-0.75
Oct '16
64.57
63.62
64.14
-0.43
Dec '16
64.22
63.28
63.91
-0.17



Cotton Comment

December cotton continued lower today after charting a huge bearish reversal Monday. Futures have failed at last week’s spike high of 66.45 cents and could now work lower. Uptrending support is near 62.30 cents currently. In last week’s report, USDA forecast weaker cotton mill use in the U.S. The USDA continues to forecast U.S. Cotton stocks at more than 4 million bales this year and next. Global demand remains sluggish despite a 1.7 million bale decline in global stocks primarily caused by a 2 million bale decrease in China cotton stocks, which were the result of lower production forecasts, not increased demand.



Rice

High
Low
Long Grain Cash Bids
- - -
- - -
Long Grain New Crop
- - -
- - -


Futures:

ROUGH RICE


High
Low
Last
Change





Jul '16
1132.0
1115.0
1129.5
-2.0
Sep '16
1160.0
1143.0
1157.0
-1.5
Nov '16
1181.0
1171.0
1181.5
-2.0
Jan '17
1198.0
1194.5
1202.0
-1.0
Mar '17


1220.0
0.0
May '17


1235.5
-0.5
Jul '17


1248.5
+10.0

Rice Comment

Rice futures were under pressure again today but traded in a fairly narrow range. The USDA supply/demand report did show an increase in short and medium grain rice exports, but also forecast an increase in long grain rice imports. With forecast for another big crop in 2016/17, rice needs to see additional demand develop as we approach the fall. The USDA is forecasting sharp increases next year over the current year, however, export sales are still lackluster. July has support near $10.75.



Cattle
Futures:

Live Cattle:

LIVE CATTLE


High
Low
Last
Change





Jun '16
119.375
116.875
119.050
-0.400
Aug '16
115.425
112.825
115.000
+0.650
Oct '16
115.225
112.550
114.850
+1.050
Dec '16
115.900
113.225
115.675
+1.725
Feb '17
115.650
113.075
115.500
+1.825
Apr '17
115.025
112.650
114.875
+1.675
Jun '17
108.250
105.850
108.225
+1.925
Aug '17
106.400
104.225
106.400
+1.650

Feeders:

FEEDER CATTLE


High
Low
Last
Change





Aug '16
142.675
140.000
142.150
+1.100
Sep '16
141.425
138.700
140.925
+1.225
Oct '16
140.000
137.350
139.450
+1.300
Nov '16
136.625
133.750
136.375
+1.575
Jan '17
131.675
129.050
131.450
+1.625
Mar '17
128.950
127.175
128.800
+1.800
Apr '17


128.075
+0.150
May '17


131.000
+0.150





Cattle Comment

Cattle prices closed higher today as we saw short covering following yesterday's sell off in both live and feeder markets. Cattle prices started the day out lower as a stronger dollar and weaker stock market weighed on prices. Slight increases in beef prices helped give traders the confidence to pull prices back off of early losses and close higher today.



Hogs
Futures:

LEAN HOGS


High
Low
Last
Change





Jun '16
81.825
81.600
81.675
-0.150
Jul '16
88.900
85.925
88.075
+1.975
Aug '16
90.075
87.325
89.325
+1.500
Oct '16
74.325
73.000
73.800
+0.425
Dec '16
66.975
65.000
65.625
-1.200
Feb '17
69.800
68.200
68.525
-1.225
Apr '17
72.350
71.400
71.500
-0.725
May '17
76.100
76.100
76.100
0.000
Jun '17
79.700
79.325
79.275
-0.575

APEDA AgriExchange Newsletter - Volume 1494

International Benchmark Price
Price on: 13-06-2016
Product
Benchmark Indicators Name
Price
Apricots
1
Turkish No. 2 whole pitted, CIF UK (USD/t)
4625
2
Turkish No. 4 whole pitted, CIF UK (USD/t)
3875
3
Turkish size 8, CIF UK (USD/t)
3625
Honey
1
Argentine 85mm, CIF NW Europe (USD/t)
2140
2
Argentine 50mm, CIF NW Europe (USD/t)
2160
3
Argentine 25mm, CIF NW Europe (USD/t)
2270
Sultanas
1
Australian 5 Crown, CIF UK (USD/t)
2911
2
Iranian natural sultanas (Gouchan), CIF UK (USD/t)
1792
3
Turkish No 9 standard, FOB Izmir (USD/t)
1600
Source: oryza, agra-net
Market Watch
Commodity-wise, Market-wise Daily Price on 11-06-2016
Domestic Prices
Unit Price : Rs per Qty
Product
Market Center
Variety
Min Price
Max Price
Rice
1
Dhekiajuli (Assam)
Fine
2200
2600
2
Jajpur (Orissa)
Other
1800
2200
3
Sainthia (West Bengal)
Common
2140
2160
Wheat
1
Dehgam (Gujarat)
Other
1690
1730
2
Neemuch (Madhya Pradesh)
Other
1625
1950
3
Sangli (Maharashtra)
Other
1700
2700
Papaya
1
Barnala (Punjab)
Other
3000
3500
2
Akhnoor (Jammu and Kashmir)
Other
2000
2200
3
Ahmedabad (Gujarat)
Other
700
800
Cabbage
1
Kondotty (Kerala)
Other
2500
2700
2
Dasuya (Punjab)
Other
500
600
3
Chittorgarh (Rajasthan)
Other
900
1000
Floriculture
Unit Price : US$ per package
Price on 31-05-2016
Product
Market Center
Origin
Variety
Low
High
Rose Flower
Package: bunched 10s
1
Boston
Ethiopia
Assorted Colors
13.50
13.50
Orchid Flower
Package: bunched 10s
1
Boston
Thailand
Dendrobium    
10
10
Lilies Flower
Package: per bunch
1
Boston
California
Asiatic  Type
13.50
13.50
Sunflower
Package: per stem
1
Boston
Mexico
Large Head
2.00
2.00
Source:USDA






In Memory:  Ronald Bailey 

USA Rice extends condolences to the family and friends of Ronald Wade Bailey, Sr., of Hot Springs, Arkansas, who passed away on June 10, at the age of 80.
Bailey became the head of Producers Rice Mill in Stuttgart, Arkansas, in 1967 and under his 21-years of leadership the cooperative became a major global competitor in the rice industry. During his tenure Producers acquired nine green rice drying and storage facilities throughout eastern Arkansas, and saw farmer-member receipts increase from 4.5 million to 20.4 million bushels annually."Ronald Bailey was a visionary leader for Producers Rice Mill, Inc.," said Producers current President & CEO Keith Glover. "Much of Producers' success today can be traced to his leadership and the construction and acquisition of some of the most modern rice facilities within the industry during his tenure as president."Bailey was a past chairman of the USA Rice Millers' Association and was appointed to the Rice Advisory Council by the U.S. Secretary of Agriculture where he served on the International Programs Committee.

Funeral services were held this morning.  Memorials may be made to the First United Methodist Church of Hot Springs and the Gina Renee Bailey Scholarship Fund in care of Farmers and Merchants Bank in Stuttgart.
USA Rice Trade Mission to Colombia: Part Two
By Sarah Moran

       
Take a tour of Jumbo's rice aisle in Bogata, Colombia
       
USA Rice shops the rice aisle at Jumbo's hypermarket in Bogota
BOGOTA, COLOMBIA --
Colombia has gone from our 51st largest export market in 2011 to our third largest in 2015, largely on the strength of milled rice exports entering under provisions of the U.S.-Colombia Free Trade Agreement.  Colombian regulations restrict the entry of U.S. paddy to the port of Barranquilla because of concerns over the presence in U.S. paddy of false smut, a plant disease.  In meetings with U.S. embassy and Colombian government officials here last week, USA Rice expressed dissatisfaction with continual delays of an epidemiological study looking into the presence of false smut in Colombia.  The release of this study is one of the first steps in mitigating/eliminating the current restrictions on U.S. paddy entry into Colombia.

USA Rice was informed by ICA, the Colombian equivalent of the USDA Animal and Plant Health Inspection Service (APHIS) that the study would take another six months to complete and then additional time will be necessary to analyze the results.  When this issue was raised by the USA Rice team with U.S. Ambassador Kevin Whitaker, he offered to get involved directly with Colombian officials to assist in bringing about a resolution.  USA Rice is urging that this restriction be lifted or at a minimum modified as soon as possible.

The USA Rice trade mission also met with Induarroz, the Colombian rice millers association, and Diana Corporation, one of the largest mills in Colombia responsible for about 30 percent of the country's milling.  Diana Corporation indicated their strong desire to import U.S. paddy, while Induarroz stressed their desire for free and open trade with all countries and the USA Rice team encouraged both groups to continue urging their government to quickly complete the epidemiological study.

"Even though there are a few trade issues with Colombia, there is great long-term potential for U.S. rice exports to Colombia," says Jorge Rodriguez of ADM and one of the participants on the trade mission.  "Given their high annual consumption at about 80 pounds per capita, and the fact that domestic Colombian rice is nearly twice the price of U.S. rice, we see a strong future with this trading partner."

Colombians often eat rice for breakfast, lunch, and dinner but as the team noticed in supermarkets, country of origin is not listed on the packages.  Most rice is comingled, either with domestic production or imports from other origins.  The group also learned that while Colombians prefer the cooking characteristics of domestic rice, the milling yields are not as high as other origins and so mixing is necessary.  The only identified U.S. rice observed in the supermarkets were those U.S brands that shipped packaged rice for retail from the United States.

"While it is somewhat disheartening that U.S. rice isn't identified at the retail level, there is still great potential for USA Rice promotions in this burgeoning market," said Ryan Carwell of Poinsett Rice and another participant on the trade mission.  "It was encouraging to see the work that USA Rice is doing on behalf of the U.S. rice industry here."




Crop Progress:  2016 Crop 99 Percent Emerged 

WASHINGTON, DC -- Ninety-nine percent of the nation's 2016 rice acreage has emerged, according to this week's U.S. Department of Agriculture's Crop Progress Report.  Sixty-eight percent of the 2016 crop is in good to excellent condition.  

Rice Emerged, Selected States 
Week Ending
State
June 12, 2015
June 5, 2016
June 12, 2016
2011-2015 average
Percent
Arkansas
97
98
100
98
California
99
74
96
86
Louisiana
100
       99
100
100
Mississippi 
94
97
99
96
Missouri
90
100
100
97
Texas
91
100
100
94
Six States
99
94
99
96

ED, IT to probe multi-crore scam in export of Basmati rice

PTI | Jun 13, 2016, 04.47 PM IST
New Delhi, Jun 13 () The Enforcement Directorate (ED) and Income Tax (IT) department will probe the over Rs 1,000-crore scam in export of high-quality Basmati rice to Iran which was fraudulently diverted mid-sea to Dubai.
Both the agencies have been asked by a Supreme Court- appointed Special Investigation Team to track the money which has been laundered through the export besides zeroing in on its beneficiaries, official sources said today.
The Directorate of Revenue Intelligence (DRI), which has unearthed the scam, has shared relevant details of the case with the SIT, which is now monitoring the probe, they said.
The SIT, headed by former Supreme Court judge M B Shah, is responsible for investigating cases of black money stashed within and outside the country.
Over two lakh metric tonnes of Basmati rice was illegally offloaded in Dubai, during 2014-2015, instead of Bandar Abbas in Iran, the sources said.
At least 25 big exporters from Haryana and Punjab are under the scanner of probe agencies for their involvement in the multi-crore scam. Both ED and IT have been asked to look into the case, they said.
Explaining the modus operandi, the sources claimed the rice would be taken to Gujarat's Kandla Port by these exporters. They would then file shipping bills--documents filed with customs authorities carrying details of goods to be exported, consignor and consignee--for export to Iran.
Instead of the consignment reaching Iranian shores, it would be diverted mid-sea to Dubai allegedly with connivance of cargo ship operators carrying the goods.
Surprisingly, payments were also made from Iran to these exporters in India. Importers and port officials would allegedly acknowledge the receipt of rice and allow payment to be made against it here, they said.
Agencies are clueless about the end-use of rice off-loaded in Dubai and suspect misuse of the proceeds through the commodity to fund some illegal activity like terror financing, the sources said.
Minister of State for Finance Jayant Sinha had recently informed the Parliament about the scam.
"Directorate of Revenue Intelligence has detected cases of diversion of Basmati rice export wherein consignments of rice meant for Iran were diverted to Dubai.
"The payments for the said goods were received in Indian Rupees instead of freely convertible foreign currency, by misusing the facilities granted to the goods actually exported to Iran," Sinha had said in a written reply to Lok Sabha. AKV AMS ZMN AMS
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Wheat softens on adequate stocks

PTI | Jun 14, 2016, 02.37 PM IST
New Delhi, Jun 14 () Wheat prices softened by Rs 5 per quintal at the wholesale grains market today on ample stocks on increased arrivals from producing belts against reduced offtake by flour mills.However, maize strengthened on rising demand.Traders said adequate stocks position on increased supplies from producing regions against reduced offtake by flour mills mainly kept pressure on wheat prices.
In the national capital, wheat dara for (mills) receded by Rs 5 to Rs 1,780-1,785 per quintal. Atta chakki delivery followed suit and traded lower by a similar margin to Rs 1,790-1,795 per 90 kg.
On the other hand, maize advanced by Rs 30 to Rs 1,520-1,530 per quintal.
Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,250-2,800, Wheat dara (for mills) Rs 1,780-1,785, Chakki atta (delivery) Rs 1,790-1,795, Atta Rajdhani (10 kg) Rs 275, Shakti Bhog (10 kg) Rs 275, Roller flour mill Rs 950-960 (50 kg), Maida Rs 990-1,000 (50 kg) and Sooji Rs 1,050-1,065 (50 kg).
Basmati rice (Lal Quila) Rs 10,700, Shri Lal Mahal Rs 11,300, Super Basmati Rice Rs 9,700, Basmati common new Rs 5,700-5,900, Rice Pusa (1121) Rs 4,600-5,500, Permal raw Rs 1,975-2,025, Permal wand Rs 2,150-2,225, Sela Rs 2,800-2,900 and Rice IR-8 Rs 1,840-1,850, Bajra Rs 1,640-1,645, Jowar yellow Rs 1,850-1,950, white Rs 3,500-3,600, Maize Rs 1,520-1,530, Barley Rs 1,670-1,675. SUN KPS PRB MR
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Farmers in Texas Go from Drought to Deluge

June 13, 2016
Story provided by Texas Farm Bureau
Green crops. Rubber boots. Flooded fields. It’s something many Texas rice farmers haven’t seen in a long time.“My family started in about 1908 farming rice. I’m real happy. I hated to see the last 4 years when there was no rice.  And it’s a blessing to see it. To see the water flowing out of the river. To see the green rice fields," said Paul Sliva, a Texas rice farmer.
This is the first time since 2011 the Lower Colorado River Authority has released water downstream for irrigation. Rice is a shallow rooted crop,  meaning it needs lots of water. But until the spring of 2015, water was scarce in Texas. The historic multi-year drought took its toll. Many Texas lakes & rivers dried up – as did Paul’s rice fields. He gets most of his water from the nearby Colorado River. But for the last few years, there wasn’t enough to go around.  "The reservoirs in Austin, Travis and Buchanan, were at a level that was really too low for us to get water from,” Sliva recounts.
But this year his barren fields have transformed back into a luscious rice crop. After two very wet spring seasons, the Highland Lakes are full, which means Paul can count on water flowing into his rice fields. A trend he hopes continues.
“I'm fairly confident we will have water next year but, you know, we just need normal rainfall patterns to come back," said Sliva. "It’s been so long since we’ve seen normal; I don't know what normal is anymore.  It’s either too wet or too dry."
The over saturated spring hasn’t been without its challenges for rice farmers.  Earlier in the year, too much rain caused some seeds to rot before breaking through the ground. Plus some levees couldn’t withstand torrential downpours. "This is a sandy loam type soil. The levees were fairly fresh. The rice on them was young and didn't have a big root system yet. And so the water we had in the field from flushing then you got the 3 inch or 4 inches of rain on top of it. It was just too much water at one time," explained the farmer. 
Weeks were spent repairing and rebuilding levees. It’s hard, back-breaking work. But it’s better than not growing a crop.  
Erratic weather patterns & and an ever growing population makes the future of Texas rice uncertain. Farmers like Paul have dug wells to help when surface water is low. Plus LCRA is building a new off-channel reservoir just upstream near Lane City. It hopes to hold up to 90,000 acre-feet of water for the region.  
Rice is important to Texas. Farmers along the Colorado River are happy to be back in their rubber boots. Growing one of the world’s most essential crops.
Sliva is happy with the current condition. "It is very nice to be out there in the water, wade around, looking at the rice. There's nothing better to me than growing a rice crop."
While the recent floods were a blessing in disguise for many farmers and ranchers, others lost scores of livestock that drowned in high waters. Many of them will be eligible for assistance through the farm bill's livestock indemnity program. To file a claim, Texas farmers and ranchers should contact their local farm service agency office

http://www.rfdtv.com/story/32209238/farmers-in-texas-go-from-drought-to-deluge#.V2ER1qLfVAF


As Cities Swell, West Africa’s Appetite for Rice Is Growing

June 15, 2016 — 3:00 AM PKT Updated on June 15, 2016 — 12:25 PM PKT
Rice is fast becoming West Africa’s preferred food. After four decades of importing the staple, the region now aims to grow enough rice to meet domestic demand.Rice harvests in West Africa will probably reach an all-time high of 14.9 million metric tons this year, up from 14.6 million tons last year, when Senegal and Ghana produced record crops, according to the United Nations Food and Agriculture Organization. Mali’s crop is forecast to expand about 8 percent, while output in several countries including Ivory Coast and Sierra Leone has climbed every year since 2011, the organization said.
West African governments began investing in rice farming in the wake of the 2008 food crisis, when a worldwide spike in prices for food items triggered violent protests in cities in Ivory Coast, Cameroon and Burkina Faso, Concepcion Calpe, an economist at the FAO, said by phone from Rome.
“We saw a big surge in imports and at the same time in production, because there was this much higher price in the international market,” Calpe said. “The fear that the food crisis provoked led a lot of West African countries to invest heavily in production.”
They’re trying to meet a growing appetite for rice that’s coming at the expense of traditional staples such as cassava and corn. West Africa has been dependent on rice imports from Asia since 1975, when consumption by a fast-growing population began to outpace production. Today, as incomes rise and African cities swell, more and more people eat rice because it’s easy to store and easy to prepare, according to Yacouba Dembele, head the National Office for Rice Development in Ivory Coast.

City Life

“Rice is tailored to city life,” Dembele said in an interview in the commercial capital, Abidjan. “It’s become an urban food.”
Consumption in West Africa is forecast to rise to 53 kilograms (116.6 pounds) per person per year by 2025, from 44 kilograms in 2011, according to the Washington-based International Food Policy Research Institute. In 1990, West Africans consumed on average 32 kilograms of rice per person. There’s of course a variety of consumption patterns: in some countries, including Mali, local rice is more popular, while the Senegalese prefer imported rice, according to AfricaRice, an Abidjan-based international research institute.
Senegalese President Macky Sall said in an interview last month that governments should consider boosting rice farming because it’s become a “strategic food” since China began importing the staple. Sall has repeatedly pledged to make Senegal self-sufficient in rice by 2017, a plan that has been criticized by the opposition as unfeasible.
He’s not alone in his ambition. Ivory Coast President Alassane Ouattara wants his country to be self-sufficient in rice by 2017. Nigeria’s Muhammadu Buhari has set 2018 as a target for West Africa’s biggest producer and importer of the staple to end inward shipments. Mali, Guinea and Sierra Leone are already near self-sufficiency, with Mali’s rice harvest covering 91 percent of domestic demand, according to AfricaRice.
Nigeria’s central bank reserved $200 million last year to provide low-interest loans to rice and wheat farmers as part of a government campaign to boost agriculture and reduce food imports, which weigh heavily on the local currency. Among large-scale rice buyers and processors is a local unit of Olam International Ltd. More than half of local demand of about six million tons is currently supplied by imports in the nation of 180 million people.

Irrigation Systems

Ivory Coast has attracted foreign investors including Louis Dreyfus Commodities LLC to boost its rice processing capacity, which was working at a maximum last year. The government is building 100 small-scale plants nationwide, while it’s already invested in irrigation systems, seeds and fertilizers.
Senegal, which still imported three-quarters of demand in 2014, imposed quotas on rice importers last year and banned the export of locally grown rice, according to the U.S. Department of Agriculture. The government is also helping farmers increase yields on existing farms. Official data indicate that Senegal’s rice crop jumped 62 percent between 2014 and 2015, reaching a record 906,000 tons. The plan is to produce 1.6 million tons by 2017.

‘Political Implications’

Senegal’s import restrictions were followed by similar rules in Cameroon, which re-instated import tariffs for rice earlier this year, and Nigeria, which banned rice shipments through its land borders, according to the FAO.
With leaders labeling self-sufficiency in rice a key policy issue, the staple has become political, which means some official production data may be unreliable, said Calpe of the FAO. “A lot of statistics have political implications,” she said. “Not all are backed by strong evidence.”
But back in Abidjan, Dembele said that Ivory Coast, already the world’s largest cocoa grower, is on track to start exporting rice as early as 2019. “In Asia, rice production can’t expand much more,” he said. “Africa still has that potential.”
http://www.bloomberg.com/news/articles/2016-06-14/as-cities-swell-west-africa-s-appetite-for-rice-is-growing







Nigeria: Sultan to Customs CG, Lift Ban On Importation of Rice Through Land Borders

By Mohammed Aminu
Sokoto — The Sultan of Sokoto, Alhaji Muhammad Sa'ad Abubakar III, monday called on the management of the Nigeria Customs Service (NCS) to consider the possibility of lifting the ban on the importation of rice through the nation's land borders.
Speaking when the Comptroller-General of the Service, Col. Hameed Ali (rtd), paid him a courtesy visit in his palace in Sokoto, the monarch said the policy of the government has brought untold hardship on the Nigerian masses and aggravated the scarcity of food in the country.
"This policy should be revisited with a view to making amends and ameliorate the suffering of Nigerians," he said.The monarch stated that he had been receiving complaints of the masses on the present hardship in the country and called on the customs boss to therefore brainstorm with his management team in this direction."There is no food in the country, so, there is the need for the borders to be reopened for rice importation through land borders," he stressed.
http://allafrica.com/stories/201606140659.html


Commerce Ministry expects to wipe out 10 million tonnes of rice from rice pledging scheme this year

By Thai PBS
June 14, 2016

The Commerce Ministry has set a target to sell the remaining 10 million tonnes of rice bought under the Yingluck government’s rice pledging scheme within this year, commerce permanent secretary Ms Chutima Boonyaprapas said on Monday.
The remaining rice stockpiles are divided into three lots: over six million tonnes of PAA-grade or good quality rice; about two million tonnes of Grade C rice which are not suitable for human consumption; and about two million tonnes of rotten rice which are good for industrial use such as for producing ethanol.Ms Chutima said that the Commerce Ministry would try to sell the 10 million tonnes of rice through every channel, including open auctions, G-to-G deals, direct sale to domestic and overseas customers and even donations.

The sale of the rice will help ease the government’s burden in management and storage, said the permanent secretary, adding that the ministry would try to sell as much rice as possible.She noted that once the remaining rice in storage are sold out it would be known by then how much loss has been incurred to the state from the controversial rice pledging scheme.Besides the six million tonnes of good quality rice, Ms Chutima admitted that it would not be easy to offload the rest of the rice which are not suitable for human consumption.The ministry put on auction 37,400 tonnes of rotten rice some time ago and only 21,100 tonnes were sold to Wor Thanasap company at approximately five baht per kilogramme.

http://www.pattayamail.com/thailandnews/commerce-ministry-expects-wipe-10-million-tonnes-rice-rice-pledging-scheme-year-139152




Thailand To Set Up Commercial Rice Institute


BANGKOK, June 14 (Bernama) -- The Ministry of Commerce will soon propose to the National Rice Policy Committee (NRPC) on the establishment of a new rice institute for commercial activities, reports Thai News Agency (TNA).Permanent Secretary for Commerce Chutima Bunyapraphat said that the ministry will table the proposal before the NRPC either late this month or early next month.Chutima said that the plan to set up the new institute came after a recent meeting with 18 private rice trading companies.

During the meeting they resolved that part of the rice production in Thailand should be used in processing industry with the utilisation of high technologies and research and development (R&D) projects to enable the country to become a manufacturer and exporter of value-added rice products or "super food".

Chutima noted that the private-run rice firms are prepared to invest if the products to be manufactured are clear and meet market demand.Chutima acknowledged that there are several R&D agencies on rice in Thailand, but safety tests could not yet be conducted due to the lack of raw materials.

The senior official also proposed that the Thai government step in to coordinate with relevant agencies in using innovative technologies to first produce value-added rice products, followed by cosmetics and pharmaceutical ones.According to the senior official, if NRPC gives the green light on setting up the commercial rice institute, the proposed plan will then be forwarded to the Thai Cabinet for further consideration and a decision.

The senior official assessed that about 600 million baht (about RM69,828.00)is initially needed for the establishment of the new commercial rice insitute.

http://www.bernama.com/bernama/v8/wn/newsworld.php?id=1255378




Rice farmers begin planting after rainfall
ไม่มีรายการวีดีโอ                  Date : 14 มิถุนายน 2559
SI SA KET, 14 June 2016 (NNT) – Farmers in many areas have been observed preparing their fields for rice planting after recent rainfall.

Rice growers in Si Sa Ket province’s Rasisalai district were seen quickly harvesting peanut crops planted during the prolonged drought to make way for rice crops. Many of the farmers have foregone collecting all of the nuts and instead covered up the plants to use them as fertilizer to make the most of a window of opportunity offered by recent rainfall in the area.

In Ang Thong province, farmers in Poh Thong district have joined together to pump water from the Noi River to rehydrate 4 kilometers of canals to supply their fields. The farmers have agreed to cooperate in using the water to make sure there is enough for all their farms to sustain crops.
- See more at: http://thainews.prd.go.th/CenterWeb/NewsEN/NewsDetail?NT01_NewsID=WNEVN5906140010005#sthash.cp1MrRIE.dpuf

Rice Prices

as on : 14-06-2016 08:10:19 PM
Arrivals in tonnes;prices in Rs/quintal in domestic market.

Arrivals
Price

Current
%
change
Season
cumulative
Modal
Prev.
Modal
Prev.Yr
%change
Rice
Baxirhat(WB)
250.00
NC
500.00
2300
2300
-
Birbhum(WB)
169.50
6.6
2817.00
2170
1825
15.43
Barabanki(UP)
85.00
8.97
439.00
2085
2080
3.22
Kalipur(WB)
85.00
-2.3
6241.00
2300
2300
17.95
Bareilly(UP)
81.00
-7.95
7768.60
2400
2350
15.66
Pandua(WB)
52.00
4
2306.00
2700
2700
3.85
Jaunpur(UP)
50.00
56.25
1550.00
2015
2015
NC
Gazipur(UP)
45.00
4.65
1999.00
2030
2030
1.00
Cachar(ASM)
40.00
-50
2120.00
2500
2500
-7.41
Beldanga(WB)
40.00
-6.98
2148.00
2280
2280
-0.87
Diamond Harbour(South 24-pgs)(WB)
20.00
-4.76
1003.50
2200
2300
2.33
Robertsganj(UP)
17.50
16.67
402.50
1850
1845
-0.54
Lohardaga(Jha)
16.00
-33.33
1042.00
1780
1750
-11.00
Raiganj(WB)
11.00
NC
873.50
2200
2200
-12.00
North Lakhimpur(ASM)
9.20
67.27
1503.90
1900
1900
-
Dibrugarh(ASM)
8.10
22.73
1231.70
2450
2450
-
Chengannur(Ker)
6.50
-13.33
592.50
2300
2200
-8.00
Silapathar(ASM)
6.20
-88.93
544.90
3000
3000
NC
Fatehpur(UP)
6.00
140
290.20
2180
2210
NC
Champadanga(WB)
6.00
-57.14
949.00
2550
2550
NC
Mirzapur(UP)
4.50
-10
1340.10
1970
1975
-0.76
Darjeeling(WB)
3.50
12.9
83.40
2800
2800
3.70
Karimpur(WB)
3.00
NC
76.00
3150
3150
NC
Aroor(Ker)
2.00
NC
174.70
7100
7100
7.58
Kasipur(WB)
1.10
NC
36.70
2200
2200
10.00

The Hindu

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