rice exports witness decrease by 8.60pc in FY2015-16
-
Karachi—Pakistan’s rice exports have been
falling in recent years, mainly due to higher prices, energy crisis, poor
quality seeds, low yield and persistently lower commodity prices in global
markets. The fall has a bearing on the country’s economy for rice is the second
main earner of foreign exchange for the country after textiles. However, the
office of Global Analysis of USDA has raised Pakistan’s exports forecast by
0.1m tonnes to 4.5m tonnes on a stronger pace of trade. In the just-ended
fiscal year of 2015-16, rice exports witnessed a decrease of 8.60pc. The
country earned $1.86bn from these exports during the year compared to $2.04b
earned in the fiscal year 2014-15. Besides, 503,037 metric tonnes of basmati
worth $455.25m was exported as compared to 523,450 tonnes a year ago, valuing
$601.27m.
Meanwhile, for 2016-17, USDA Grain Report forecasts global production at a new record, primarily due to a larger crop in the United States, while global trade is forecast lower, with reduced imports and consumption in Bangladesh, Iran, and Nigeria. USDA expects about 20pc larger purchases by Saudi Arabia and Azerbaijan from Pakistan. Saudi Arabia would in fact import about 1.6m tonnes of rice during the period. The USDA maintains Pakistan’s rice export quotes at $410/tonne. The Rice Exporters Association of Pakistan (REAP) in a recent meeting with officials of the ministry of national food security and research in Islamabad pleaded for measures to either reduce the cost of production or introduce high-quality seeds to increase productivity. The ministry asked the chief secretaries of the provinces to take appropriate measures to facilitate growers in lowering the cost.
While looking into the reasons for decline in exports, the fact remains that high production cost of rice is hampering its sales in the international market. Exporters are finding it difficult to sell the commodity because of sluggish demand and comparatively higher price. The price of Pakistani rice is higher than the paddy produced by India and other regional countries. The price of Pakistani basmati is higher by at least $100 to $150 compared to Indian basmati, and, hence, selling it is a big challenge.
Since 1997, no new basmati seed has been introduced in the market and that’s the reason for the low yield per acre, which has pushed rice prices higher. India, on the contrary, has introduced five new seed varieties in the last 10 years and that has helped it in increasing yield. Another step the government could take is to subsidise rice exports so that the stock could be disposed of, Malik Jahangir, a REAP official suggested. “If we fail to export the existing stock, then next year farmers will not grow the grain.” The association also wrote to the Rice Research Centre, Kala Shah Kaku Lahore, but received no appropriate response.
An office-bearer of the Pakistan Rice Growers Association says hybrid varieties are becoming popular and being used in many areas, giving better results. Pakistan’s rice exports have crossed the 4.0m tonne mark in the past. If the country’s production during the year 2016-17 reaches 7.0m tonnes, trade surplus will surely surge to 4.5m tonnes. But the problem arises from the lower prices being paid to growers, which are compelling them to shift to alternate crops. A number of rice growers in Sindh have already switched to sugarcane due to low rice prices. However, the hybrid seed, one of them say, can resolve the problem, for it produces higher yields on smaller land. China, being a big market, likes to use hybrid seeds for better results. However, there are concerns among Pakistani farmers and officials regarding effects of hybrid produce on both human beings and the soil. Although the United States produces less than 2pc of the world’s rice, it is a major exporter, accounting for more than 10pc of the global rice trade per annum.—Agencies
http://pakobserver.net/2016/08/09/rice-exports-witness-decrease-by-8-60pc-in-fy2015-16/
Calling All #ThinkRice Images
ARLINGTON, VA -- With harvest well
underway in some rice states and quickly approaching in others, USA Rice is
asking members to snap a picture of what's happening on their farms and post it
on their social media channels with the hashtag #ThinkRice. These images
will be entered into a September National Rice Month contest hosted by USA Rice
that will run from now until October 1.
These next couple of months are
busy ones for the U.S. rice industry, but most consumers are unaware of what's
happening around the country to prepare the food they will eat later. The
purpose of this photo contest is to bridge the gap between farmers and
consumers and help the public to think of rice before they see it on
supermarket shelves - so the next time they think rice, they also think of the
men and women who work hard year-round to produce rice right here in the United
States.
Even though harvest is on
everyone's minds at the moment, photo entries are not limited to this phase of
rice production. Members can also post images that were taken earlier
this year during any stage of the production process, wildlife on the rice
farm, family farming photos, milling operations, etc. Multiple entries
are accepted as long as they all contain the hashtag #ThinkRice.
USA Rice will compile these
pictures and post them on the official USA Rice Facebook page and ask the
public to "like" their favorite rice photo. The person who
submitted the image with the most "likes" will win a free
registration to the 2016 USA Rice Outlook Conference in Memphis December 7-9, 2016.
Rice "swag bag" prizes will also be awarded for other outstanding
entries.
Members can post their photos with
the hashtag #ThinkRice on Twitter, Facebook, or Instagram. Not active on
social media? You can still enter to win: email a favorite photo
you've taken to cklem@usarice.com
Crop Progress: 2016 Crop 86
Percent Headed
WASHINGTON, DC -- Eighty-six percent of the nation's 2016 rice acreage is headed, according to yesterday's U.S. Department of Agriculture's Crop Progress Report. Sixty-six percent of the 2016 crop is in good to excellent condition. Harvest has begun in Louisiana and Texas with nine percent of the 2016 harvested.
Gov’t charged to ensure imported rice meet standard
The
nightmare of the local producers is that the opened entry points could be used
to smuggle in rice, which could further hurt local rice on the market.
- Published:
- Abu Mubarik
The chairman of the Ghana Rice Inter-Professional Body (GRIB) Harold Ntorenkansah has charged the government to ensure that the right standards of rice are brought on to the market.
His comments follow the lifting of the ban on rice import into the country by the Trade and Industry Ministry.“It is very important we [Ghana] go back to the root and check the standards,” told Citi FM. “The problem that we have now is because anything at all comes onto the market as rice whether imported or locally produced."
The decision to lift the ban on rice importation has been condemned by local rice farmers as counterproductive.
They fear it could render the local rice uncompetitive on the market since most Ghanaians prefer foreign rice to local ones.
The nightmare of the local producers is that the opened entry points could be used to smuggle in rice, which could further hurt local rice on the market.
However, the head of tax advisory unit at the Trade and Industry Ministry, Lawrence Osei Boateng, says the ministry is teaming up with the security services to check the menace of smuggling.
He adds that small-scale rice importance has assured the ministry that they will do clean business."Mind you, it is only three land borders that we have opened. These land borders we are sure that we have the cooperation of the security services, especially the National Security, Customs in this regard and we, are re-resourcing them to be able to check the menace of smuggling, the menace of under invoicing and we have also met with the small scale importers of rice and we have the surety that they will do genuine business," Mr Boateng said.
http://pulse.com.gh/agriculture/rice-importation-gov-t-charged-to-ensure-imported-rice-meet-standard-id5359845.html
NFA may
allow private traders to import rice
August
9, 2016 10:52 pm
by JAMES KONSTANTIN GALVEZ
THE Philippine government is studying the
possibility of opening to the pri-vate sector its standby authority on rice
importation, the state-run National Food Authority (NFA) said on Tuesday.
In a telephone interview, NFA Spokesperson
Angel Imperial said the interagency NFA Council has forwarded to the Office of
the President the recommendation to import 250,000 metric tons of rice to
ensure a stable supply.
The volume was part of the 500,000 standby
authority approved by the previous administration on expectations that local
palay production will fall short of target due to the El Niño.
“We have to bring in the rice in tranches so as
not to affect prices of palay during the wet harvest season,” Imperial said,
noting that the arrival of the shipment would depend on the requirement.
Traditionally, the lean season starts in July
and ends in September. It is also the time when the government imports rice to
help stabilize prices in retail markets.
However, due to an oversupply of the grains in
government and private warehouses, the NFA has deferred rice importation. It is
the first time in decades that the Philippines has not imported rice during the
lean months.
Other possible schemes being considered for the
first round of importation under the Duterte administration is a private
sector-led importation out of the standby authority and a
government-to-government bidding for the minimum access volume (MAV), Imperial
said.
MAV is the minimum volume of farm produce
allowed to enter the Philippines at a reduced tariff of 35 percent, while
shipments outside MAV pay a higher rate of 40 percent and would need an NFA
approval.
The government more than doubled the volume of
rice from 350,000 MT to 805,200 MT allowed to enter the country as part of
trade concessions at the World Trade Organization in exchange for extending the
quantitative restriction on rice.
Of the total volume, some 755,000MT will be
country-specific- quota (with Vietnam and Thailand getting the bulk), while the
remaining 50,000 MT is omnibus volume and can be sourced anywhere.
Manila historically allows private sector importation
under CSQ.
An industry source, however, said this may not
be the case under the Duterte administration, noting that government-controlled
warehouses are well stocked.
“We may see more private sector importation
this year, since NFA warehouses are overloaded with imported rice from last
year,” the source said, adding that the grains agency is having difficulty
disposing old stocks.
http://www.manilatimes.net/nfa-may-allow-private-traders-to-import-rice/278925/
http://www.appeal-democrat.com/news/rice-field-day-expects-growers-from-around-the-state/article_7f6ca7c0-5dca-11e6-9def-d7f5438bc2f5.html
APEDA AgriExchange Newsletter - Volume 1533
Market Watch
|
||||
Commodity-wise, Market-wise Daily Price on 06-08-2016
|
||||
Domestic Prices
|
Unit Price : Rs per Qty
|
|||
Product
|
Market
Center
|
Variety
|
Min
Price
|
Max
Price
|
Maize
|
||||
1
|
Bayad
(Gujarat)
|
Other
|
1500
|
1750
|
2
|
Shimoga
(Karnataka)
|
Local
|
1816
|
1860
|
3
|
Barshi
(Maharashtra)
|
Other
|
1750
|
1900
|
Paddy(Dhan)
|
||||
1
|
Kasargod
(Kerala)
|
Other
|
1500
|
1600
|
2
|
Bichhiya
(Madhya Pradesh)
|
Other
|
1475
|
1475
|
3
|
Jajpur
(Orissa)
|
Other
|
1410
|
1500
|
Papaya
|
||||
1
|
Jagraon
(Punjab)
|
Other
|
2000
|
2500
|
2
|
Pilibhit
(Uttar Pradesh)
|
Other
|
1230
|
1270
|
3
|
Ahmedabad
(Gujarat)
|
Other
|
900
|
1000
|
Onion
|
||||
1
|
Harippad
(Kerala)
|
Other
|
1500
|
2500
|
2
|
Jatni
(Orissa)
|
Other
|
1350
|
1550
|
3
|
Nadia
(West Bengal)
|
Other
|
1200
|
1400
|
Source:agmarknet.nic.in
|
||||
RiceBran Technologies to Host Second Quarter 2016 Financial Results Conference Call on August 11th at 4:30 PM EDT
Aug 09, 2016, 08:30 ET from RiceBran
Technologies
SCOTTSDALE, Arizona, August 9, 2016 /PRNewswire/ --
RiceBran Technologies
(NASDAQ: RIBT and
RIBTW) (the "Company" or "RBT"), a global leader in the
production and marketing of value added products derived from rice bran, today
announced that W. John Short, Chief
Executive Officer & President of RBT, will host a conference call on Thursday, August 11th at 4:30 p.m.
EDT to discuss the Company's financial results for the second quarter
ended June 30, 2016.
Also joining the call from management will be Dale
Belt - Chief Financial Officer, Dr. Robert
Smith - Chief Operating Officer, and Michael
Goose - President - USA Segment
Ingredient Sales.
The call information is as follows:
- Date: August 11, 2016
- Time: 4:30 p.m. Eastern Daylight Savings Time
- Direct Dial-in number for US/Canada: (201) 493-6780
- Toll Free Dial-in number for US/Canada: (877) 407-3982
- Dial-In number for international callers: (201) 493-6780
- Participants will ask for the RiceBran Technologies Q2 2016 Financial Results Call
This call is being webcast by ViaVid and can be
accessed at http://public.viavid.com/index.php?id=120780
.
The call will also be available for replay by
accessing http://public.viavid.com/index.php?id=120780.
About RiceBran Technologies
RiceBran Technologies is a human food
ingredient and functional food company focused on the procurement, bio-refining
and marketing of numerous products derived from rice bran. RiceBran
Technologies has proprietary and patented intellectual property that allows us
to convert rice bran, one of the world's most underutilized food sources, into
a number of highly nutritious human food ingredient and animal nutrition
products. Our target markets are human food ingredients and animal nutrition manufacturers
and retailers, as well as natural food, functional food and nutraceutical
supplement manufacturers and retailers, both domestically and internationally.
More information can be found in our filings with the SEC and by visiting our
website at http://www.ricebrantech.com.
Investor Contact:
Ascendant Partners, LLC
Fred Sommer
+1-732-410-9810
fred@ascendantpartnersllc.com
SOURCE
RiceBran TechnologiesAscendant Partners, LLC
Fred Sommer
+1-732-410-9810
fred@ascendantpartnersllc.com
http://www.prnewswire.com/news-releases/ricebran-technologies-to-host-second-quarter-2016-financial-results-conference-call-on-august-11th-at-430-pm-edt-589589141.html
2016 Rice Field Day expects growers from around the state
Mon Aug 08,
2016
Growers from around the state are
gearing up for the annual California Rice Field Day in Biggs to see the latest
research and findings regarding the commodity.
Scheduled for 8:30 a.m.-12 p.m.
Aug. 31, those in attendance will receive an update on research findings from
this past year, be briefed on ways to protect the crop from weeds and insects
and take a tour around the facility to see how different rice varieties have
been growing this season.
Industry leaders will be honored
during the award ceremony portion of the event. Scholarships for graduate
students will also be presented.
Sponsored by the California
Cooperative Rice Research Foundation and the University of California, the
event is held at the Rice Experiment Station in Biggs that has been around
since 1912.
"We are a breeding station
where growers fund us to breed all the different varieties," said Kent
McKenzie, director and plant breeder for the experiment station. "We come
up with improved rice varieties that grow better in different places around the
state."
In total, the station has 18
different varieties, with 90 percent of the rice grown around the state coming
from the breeding facility, McKenzie said.
The station is funded entirely by
rice growers around the state to experiment and develop research to optimize
the commodity's growth and yield. Growers statewide pay into a fund which then
pays for RES to experiment.
Essentially, the annual event is
to show growers how their money is being spent.
"The event is for growers
and anybody working in the rice industry in California," said Whitney
Brim-Deforest, UC farm adviser. "A lot of students go from Davis, Chico
State and Butte College as well. The focus is to know what's happening and know
the latest research on rice in California."
McKenzie said he plans on
addressing a couple of issues seen in the industry this year, the biggest being
the emergence of red rice — a "wheaty" form of rice — which he said
has become more of a problem recently.
He also plans on releasing
information on new varieties of rice RES has developed or has been working on.
The last announced variation was long grain rice.
The 2016 California Rice Field
Day is free and open to the public. Registration for the event begins at 7:30
a.m. on Aug. 31. Brim-Deforest said past events have seen up to 500 people
attend.
Following the event, lunch will
be served to guests. McKenzie said the meal is rice-based and will involve
sushi.
Source: http://www.appeal-democrat.com/news/rice-field-day-expects-growers-from-around-the-state/article_7f6ca7c0-5dca-11e6-9def-d7f5438bc2f5.html
PH plans to import 250,000 tons rice for delivery within Q3
by Reuters
August 9, 2016
August 9, 2016
Rice inside an NFA warehouse / Manila Bulletin
file photo
The
Philippines, one of the world’s biggest rice importers, plans to buy 250,000
tons of the food staple from either Vietnam, Thailand or Cambodia, as it seeks
to maintain a comfortable reserve ahead of the typhoon season.The chairman of the National Food Authority (NFA) Council, Leoncio Evasco, has endorsed the purchase plan to President Rodrigo Duterte for final approval, Angel Imperial, spokesman of the state grains procurement agency NFA told Reuters.
It will be the first rice import deal for the six-week-old administration, which has vowed to make the Philippines self sufficient in rice production within its six-year term.
Fresh purchases by the Philippines, which is returning to the market for the first time in more than six months, could underpin Asian rice export prices, which have fallen in recent weeks amid low demand.
Imperial said the imports will boost NFA’s buffer stocks during the current lean harvest season that began in July. Thailand is entering the typhoon season, which can disrupt production.
NFA’s stocks were good for 25 days of national demand as of July 31, Imperial said, below the 30-day minimum requirement during the lean season.
A government source said the imports will be undertaken via a government-to-government deal, with rice suppliers Vietnam, Thailand and Cambodia qualified to make an offer, and delivery expected to be completed within the third quarter.
“Reserves level (at NFA’s warehouses) remains ample but this quarter is seasonally lean months. Farmers are (still) planting,” the source said.
Overall rice stocks in the Philippines this year have been bolstered by a series of purchases by the previous administration made to offset crop losses from the El Nino dry weather phenomenon that ended recently.
Those imports include some 500,000 tons the NFA bought from Vietnam and Thailand last year and which arrived in the first quarte
Read more at http://www.mb.com.ph/ph-plans-to-import-250000-tons-rice-for-delivery-within-q3/#5u3MCSfwXHl5cEWc.99
http://www.mb.com.ph/ph-plans-to-import-250000-tons-rice-for-delivery-within-q3/
Arkansas Farm Bureau Daily Commodity Report
A comprehensive daily commodity market report for Arkansas agricultural commodities with cash markets, futures and insightful analysis and commentary from Arkansas Farm Bureau commodity analysts.Noteworthy benchmark price levels of interest to farmers and ranchers, as well as long-term commodity market trends which are developing. Daily fundamental market influences and technical factors are noted and discussed.
Soybeans
High
|
Low
|
|
Cash
Bids
|
1042
|
939
|
New
Crop
|
1007
|
930
|
Riceland Foods
Cash
Bids
|
Stuttgart: - - -
|
Pendleton: - - -
|
New
Crop
|
Stuttgart: - - -
|
Pendleton: - - -
|
Futures:
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Soybean Comment
Soybeans closed higher today as export demand
remains firm. Another export sale announcement today continues the string of
sales and continues to help,support soybeans despite expectations of a record
crop. Today's gains along with a good basis, have cash prices on the MS river
back above $10. Soybeans much like other markets, are reliant on continued
demand to keep prices support, if demand weakens prices could see significant
declines given the expectations for a record crop this fall.
High
|
Low
|
|
Cash
Bids
|
406
|
361
|
New
Crop
|
455
|
430
|
Futures:
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Wheat Comment
Wheat saw marginal gains however, the weak
basis has cash prices near $4. Wheat continues to feel the pressure of large
supplies and weakness in outside markets. Wheat needs additional demand to keep
futures from retreating back to lows near $4.
High
|
Low
|
|
Cash
Bids
|
324
|
224
|
New
Crop
|
309
|
224
|
High
|
Low
|
|
Cash
Bids
|
348
|
286
|
New
Crop
|
349
|
286
|
Futures:
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corn Comment
Corn prices closed with modest gains today
after the market traded in a narrow 5.5 cent range today. Corn continues to
work to establish a bottom as crop conditions continue to point towards a
record crop this year. While demand remains firm, supplies remain ahead of
demand and stocks could top 2.5 billion bu. Corn needs demand to remain firm,
if demand softens corn could dip to $3 or possibly less.
Futures:
|
|
||||||||||||||||||||||||||||||||||||||||
Cotton Comment
Cotton prices turned lower after December found
resistance at 78 cents on Friday’ spike high. Fresh Chinese demand combined with
a deteriorating U.S. crop has helped boost cotton prices to their highest level
in more than 2 years. These recent sharp increases have led to cotton being
overbought and have set prices up for a correction.
High
|
Low
|
|
Long
Grain Cash Bids
|
- - -
|
- - -
|
Long
Grain New Crop
|
- - -
|
- - -
|
Futures:
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Rice Comment
Rice prices recovered strongly today after
falling to new lows, as we have taken over a dollar off the market over the
last three weeks. Softening global rice prices combined with weaker exports
continue to weigh on rice prices. Rice needs to see demand develop to help ease
pressure from the large crop that will be harvested in just a few weeks.
Futures:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Live Cattle:
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Feeders:
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Arkansas Prices
Ash Flat Livestock Auction
Ola Livestock Auction
Springdale Livestock Auction
Oklahoma City
Oklahoma City - Feeder Cattle Auction Weighted Average Report
Cattle Comment
Cattle prices started the week out in negative
territory after failing near resistance early in the day. Weak beef prices and
margins remains a drag on prices after prices have rallied sharply over the
last few weeks.
Futures:
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
No comments:
Post a Comment