Thursday, September 08, 2016

8th September,2016 daily global,regional and local rice e-newsletter by riceplus magazine



Rice exporters elect new executive committee

September 07, 2016

Lahore - All the candidates vying for slots in the Managing Committee of Rice Exporters Association of Pakistan (REAP) were elected unopposed in the annual elections for the year 2016 on Monday, for the term commencing from October 1, 2016 and finishing on September 30, 2018.
The names of newly-elected Managing Committee members were announced by the former chairman Shehzad Ali Malik in a meeting chaired by REAP Chairman Chaudhry Shafique.
Addressing the meeting, Malik paid tributes to the incumbent chairman, appreciating the steps taken by him for strengthening the role of Association in increasing rice exports.
The ceremony was attended by the office-bearers of REAP, including former chairman Javed Islam Agha and ex-vice chairman Tariq Aziz.
They lauded the services of Ch Shafique, wishing him success in future, whose tenure as a chairman is going to expire on Sept 31.
Addressing the meeting, Shafique said that rice production in Pakistan had remained static at around 5 million tonnes annually, but the export earnings had increased two folds in the last five years: from $570 million to $2 billion.
“This only became possible by building up the positive image of Pakistani rice by the REAP leaders,” he said, and added, “The task required a unified, consistent and innovative campaign and efforts from the stage of REAP, which was fulfilled with full commitment by all members.
The REAP chairman expressed gratitude to the office-bearers and senior staff for the support and guidance provided to him during his tenure, besides wishing the new management good luck for further improvement in the rice sector.
He expressed the hope that the government, with the help of REAP’s new management, would play its role for further boosting rice exports, besides resolving the problems being faced by the rice exporters.
The names of Member Managing Committee of REAP from North Zone for Corporate Class who were elected unopposed included Shahjahan Malik (Lahore), Salah-Ud-Din (Faisalabad), Ch.
Muhammad Akhtar (Kamoke), Haseeb Ali Khan (Muridkey), and Nazeer Ahmed Chaudhry (Lahore).
Nazeer Ahmed Chaudhry (Lahore) has been elected Unopposed Member Managing Committee of REAP for Associate Class.
While Abdul Rauf Chappal (Karachi), Mahmood Baqi Moulvi (Karachi), Faizan Ali Ghori (Karachi), Hamdullah Khan Tareen (Quetta) have been elected Unopposed  Member Managing Committee of REAP from South Zone for Corporate Class and Mr.
Muhammad Altaf (Karachi) has been elected Unopposed  Member Managing Committee of REAP for Associate Class
http://nation.com.pk/business/07-Sep-2016/rice-exporters-elect-new-executive-committee

PHL to lift restrictions on rice imports by 2017


Posted on September 08, 2016

THE country will open its doors to higher rice imports by next year, the government said on Wednesday, as it looks to comply with a World Trade Organization (WTO) agreement to lift trade barriers on the staple food.


A farmer is seen walking through a rice field in Bulacan. -- PHILIPPINE STAR/KRIZJOHN ROSALES

The government will not seek a further extension of the so-called quantitative restrictions on rice, an agreement with the WTO that sets tariffs on rice at 35% and caps the volume of annual imports by the private sector at 805,200 tons, Socioeconomic Planning Secretary Ernesto Pernia told reporters.

The Philippines, one of the world’s biggest rice importers, has kept the restrictions in place since 1995 when it joined the WTO, which has allowed the country two extensions since then.

It imports more than a million tons of rice a year, mostly from Thailand and Vietnam, including tariff-free purchases by the state grains agency the National Food Authority (NFA).

“It’s hard to extend it because we have been given extensions already,” Mr. Pernia said. “I’m sure some people like it extended but in the opinion of the economic team, we prefer to just let it go.”

Agriculture Secretary Emmanuel Piñol, who believes the Philippines could be self-sufficient in rice production by 2019, wants a further extension, saying local farmers are not yet prepared to compete with cheap imports.

But Mr. Pernia argued introducing competition in the domestic market should encourage local farmers to improve efficiency.

In 2014, the Philippines won WTO approval to keep the import restrictions for three more years to June 2017 after the country agreed to lift the annual import volume from 350,000 tons and cut the tariff from 40%. -- Reuters
http://www.bworldonline.com/content.php?section=Economy&title=phl-to-lift-restrictions-on-rice-imports-by-2017-&id=133159

China may allow imports of Indian non-basmati rice

The Hindu
QUALITY CHECK: Chinese officials have finally agreed to visit India during September 19-28 to inspect rice mills. File photo: K. Mustafah

China was the largest importer of the grain in 2015-16.China may soon grant market access to India's non-basmati rice exports, acceding to a long-pending request from New Delhi.

The Centre had repeatedly taken up the issue of the country’s ballooning goods trade deficit with China bilaterally. India had demanded market access for products including non-basmati rice, pharmaceuticals and several fruits & vegetables among others.
India’s goods trade deficit with China has surged from $1.1 billion in 2003-04 to $52.7 billion in 2015-16. Beijing has been “denying” market access to India's non-basmati rice claiming that the item had failed to meet Chinese norms on quality, health and safety. Its concerns included the likelihood of a pest called ‘Khapra beetle (or cabinet beetle)’ getting transported along with Indian non-basmati rice consignments to China.
China was the world’s largest rice importer in 2015-16 followed by Saudi Arabia and Iraq.
Mill inspection
Official sources said after several requests from the Indian side, Chinese officials have finally agreed to visit India during September 19-28 to inspect 19 rice mills registered with the National Plant Protection Organization (NPPO). These mills are situated in states including Punjab, Haryana, Uttar Pradesh and Madhya Pradesh.
To export to countries including China, it is mandatory for Indian rice exporters to be registered with the NPPO — the Indian government body in charge for inspecting these mills and granting certificates on plant health for export purposes.
The NPPO will assist its Chinese counterpart AQSIQ during the inspection from September 19-28 for pest risk analysis and plant quarantine purposes to ensure that the non-basmati consignments from India will be pest-free, safe and of good quality.
Agricultural & Processed Food Products Export Development Authority (APEDA) under the Indian commerce ministry is also involved in the process. India had earlier sent the information sought by AQSIQ regarding the quality protocol and standard operating procedures, the sources said.
“The inspection is a very significant stage in the process,” A. K. Gupta, Director (Basmati Export Development Foundation, foreign trade, World Trade Organisation-related matters & agri-export zones), APEDA, said. He expressed hope that following the inspection, China will soon issue a formal notification regarding permission for non-basmati rice exports from India.
The Chinese authorities had carried out a similar inspection in 2009, following which in 2011-12, they gave their nod to basmati exports from India to China, Mr. Gupta added.
Pointing out that the 19 mills are involved in processing non-basmati and basmati rice, he said, therefore, the inspection will cover both varieties.
Rajen Sundaresan, Executive Director, All India Rice Exporters Association (AIREA), said he was also hopeful that the Chinese authorities will shortly give green signal for non-basmati rice exports from India to China. He said a recent joint survey done by AIREA and the leading agro-chemical (including pesticides) firm UPL found that the allegations regarding the presence of Khapra beetle in processed Indian rice were wrong and vastly exaggerated.
Pakistani imports
Pointing out that China imports non-basmati rice from Pakistan, Mr. Sundaresan said Beijing’s objection to Indian non-basmati export seems more political in nature than anything else.
Trade sources said there are reports of rice (basmati & non-basmati) exports from India to China happening through Hong Kong and Thailand. In 2015-16, India exported 6.2 million tonnes of non-basmati rice worth Rs.15,000 crore, he said

http://www.thehindu.com/business/Industry/china-may-allow-imports-of-indian-nonbasmati-rice/article9077332.ece





Bag of Rice now sells for N17,500 as prices of food items crash in Kano

On September 7, 20162:55 pmIn NewsComments Prices of food items are coming down following the arrival of new harvests at Kano markets where a bag of rice now sells for N17,500 as against previous price of N19,000 and above. A survey at some markets in the state revealed that prices of some grains have drastically reduced but rice, still experiencing high demand, remains costly but with slight drop in price. A bag of maize is now selling for N10,000 as against N13, 000 it sold last month, while a measure cost N357, down from between N470 and N500 previously.

Price of a measure of millet has equally dropped from N360 to about N250. Checks revealed that the price of a bag of rice, which sold for N19,000, is now selling at N17,500 while a measure cost N700. Some consumers, who spoke with newsmen, expressed optimism that the prices of food items would crash further before the year ends. Malam Sani USman, a consumer, said that the current economic hardship would end when there is massive food production. He said that when people don’t produce but consume more, “there is bound to be food shortage and the economy will become weak’’. Another customer, Ibrahim Asim, appealed to traders to desist from hoarding food in an attempt to make more gains. Read more at: http://www.vanguardngr.com/2016/09/bag-rice-now-sells-n17500-prices-food-items-crash-kano/

 http://www.vanguardngr.com/2016/09/bag-rice-now-sells-n17500-prices-food-items-crash-kano/

Cabinet agrees to lift rice protection

posted September 07, 2016 at 11:35 pm by  Gabrielle H. Binaday
Economic managers agreed to lift the protection enjoyed by Filipino rice farmers, which will open the Philippine market to more rice imports from other countries.Economic Planning Secretary Ernesto Pernia said the Philippines would no longer apply for an extension of the quantitative restriction on rice imports at the World Trade Organization.The quantitative restriction on rice allows the country to limit the volume of rice imports entering the Philippines.
Economic Planning Secretary Ernesto Pernia
Pernia, who also serves as the director-general of the National Economic and Development Authority, said the economic managers of the Duterte administration decided to allow the expiration of rice QR in 2017 and not apply for another extension.“No [extension on QR]. It’s hard because we have given already extensions. I’m sure some people like it extended, but in the opinion of the economic cluster, the economic team, we prefer to just let it go already,” Pernia said at the sidelines of The Philippines Energy and Infrastructure Finance Forum 2016 in Makati City.  Pernia was referring to the economic team including himself, Finance Secretary Carlos Dominguez III, Budget Secretary Benjamin Diokno and Trade Secretary Ramon Lopez. Pernia said the final decision of the economic team would be released officially after a meeting within the month.Pernia said the lifting of the rice QR would improve the competitiveness of Filipino rice farmers and make them more efficient. 
“[This is] to pressure our farmers to be more efficient. We need competition.  When you protect the farmers, they tend to be complacent and there is no pressure. Competition always brings pressure,” Pernia said.
The Office of the Cabinet Secretary also said members of an economic sub-cluster meeting agreed to lift the restrictions on quantity of rice imports.
“However, this does not mean an open market domestically, considering the existence of Republic Act No. 8178 or the Agricultural Tariffication Act of 1996,” it said.
The WTO granted the Philippines an extension of its QR on rice importation until June 30, 2017 to give local farmers more time to prepare for free trade.
WTO first allowed the Philippines to impose a 10-year QR on rice importation in 1995.  It was extended in 2004 until 2012, and then was renewed again in 2014.
http://thestandard.com.ph/business/215499/cabinet-agrees-to-lift-rice-protection.html







Rice Prices

as on : 08-09-2016 12:52:52 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)
2287.00
10.22
180204.00
3800
3800
-11.63
Kanpur(Grain)(UP)
740.00
12.98
13325.00
2150
2175
-1.15
Vadodara(Guj)
536.59
-
536.59
2500
-
-
Mysore (Bandipalya)(Kar)
492.00
173.33
672.00
1900
1900
26.67
Bangarpet(Kar)
362.00
-7.18
12991.00
1850
1830
20.13
Manjeri(Ker)
290.00
NC
12470.00
3200
3200
-3.03
Agra(UP)
235.00
11.9
7252.00
2260
2250
10.78
Jaunpur(UP)
220.00
NC
5810.00
2210
2200
9.41
Varanasi(Grain)(UP)
215.00
7.5
725.00
2200
2150
-
Sainthia(WB)
210.00
5.9
2166.50
2040
1930
-
Bolpur(WB)
190.00
-
190.00
2200
-
-
Gondal(UP)
172.00
-8.02
15484.10
2010
2010
-0.50
English Bazar(WB)
168.00
-6.67
3775.00
2100
2100
7.69
Birbhum(WB)
165.00
-14.68
3341.40
2060
1970
9.28
Memari(WB)
156.00
44.44
5498.00
2150
2150
19.44
Asansol(WB)
133.00
NC
3300.50
2600
2600
10.64
Durgapur(WB)
132.00
-0.75
2252.00
2550
2550
12.33
Jafarganj(UP)
120.00
-
120.00
2400
-
28.00
Mathabhanga(WB)
100.00
-9.09
5930.00
2450
2450
25.64
Aligarh(UP)
90.00
12.5
5515.00
2400
2420
12.15
Rampurhat(WB)
90.00
12.5
1434.00
2200
2250
17.02
Dhing(ASM)
85.00
18.06
4093.40
2000
2050
2.56
Bongiagaon(ASM)
76.00
-
76.00
3300
-
-8.33
Devariya(UP)
75.00
-6.25
2475.00
2260
2245
11.33
Thodupuzha(Ker)
70.00
NC
4200.00
2900
2900
16.00
Kalipur(WB)
70.00
-10.26
7865.00
2350
2350
20.51
Saharanpur(UP)
63.00
1.61
6501.00
2275
2300
5.32
Mathura(UP)
62.00
121.43
6395.00
2320
2300
14.85
Mainpuri(UP)
61.00
27.08
1690.50
2260
2250
13.57
Sealdah Koley Market(WB)
61.00
-18.67
762.40
3150
3150
36.96
Ballia(UP)
60.00
20
8020.00
2075
2070
5.06
Hapur(UP)
60.00
50
536.00
2270
2260
6.57
Barasat(WB)
60.00
NC
3265.00
2350
2400
-4.08
Vasai(Mah)
57.00
78.12
294.00
2100
2840
-19.23
Sangli(Mah)
56.00
47.37
200.00
4500
4500
-
Nadia(WB)
50.00
NC
1440.00
3350
3250
11.67
Gazipur(UP)
49.00
19.51
2918.50
2100
2100
3.96
Egra/contai(WB)
49.00
13.95
721.10
2400
2400
14.29
Kasimbazar(WB)
47.00
-3.09
2521.00
2500
2450
6.38
Gauripur(ASM)
45.00
-10
3173.50
4500
4500
NC
Coochbehar(WB)
45.00
NC
2014.50
2400
2400
11.63
Cachar(ASM)
40.00
NC
2920.00
2200
2500
-18.52
Karimganj(ASM)
40.00
NC
2060.00
2200
2200
NC
Balrampur(UP)
40.00
-11.11
1533.50
2060
2080
3.00
Garbeta(Medinipur)(WB)
26.00
-10.34
81.00
2550
2500
-
Mangalore(Kar)
25.00
NC
216.00
3450
3200
12.01
Yusufpur(UP)
25.00
-37.5
1095.00
2100
2140
5.79
Ghatal(WB)
24.00
4.35
91.00
2350
2370
9.81
Jhargram(WB)
24.00
NC
72.00
2350
2400
-
Ramkrishanpur(Howrah)(WB)
22.70
-6.97
1394.50
2400
2400
-4.00
Bidar(Kar)
22.00
-12
144.00
2300
2400
12.20
North Lakhimpur(ASM)
21.10
NC
1964.70
1900
1900
NC
Gulbarga(Kar)
21.00
NC
149.00
2100
2100
-2.33
Diamond Harbour(South 24-pgs)(WB)
21.00
NC
1253.50
2350
2350
17.50
Dhekiajuli(ASM)
20.00
185.71
1411.60
2100
2200
5.00
Shimoga(Kar)
20.00
-
50.00
2250
-
-4.26
Kaliaganj(WB)
20.00
33.33
1043.00
2700
2650
-1.82
Sambhal(UP)
19.00
-17.39
314.00
2410
2400
13.41
Achalda(UP)
18.00
-10
4303.50
2265
2260
1.12
Meerut(UP)
17.00
13.33
789.50
2345
2350
7.57
Bethuadahari(WB)
16.50
3.12
121.50
3300
3300
4.76
Palghar(Mah)
16.00
-48.39
861.00
2215
2801
-18.86
Kendupatna(Ori)
16.00
-20
127.50
2200
1870
18.41
Jasra(UP)
15.00
15.38
740.00
2375
2270
14.18
Sirsa(UP)
15.00
-11.76
616.50
2250
2260
3.45
Medinipur(West)(WB)
15.00
NC
85.00
2500
2500
-
Naugarh(UP)
14.50
NC
981.00
2115
2110
9.02
Solapur(Mah)
14.00
16.67
93.00
3275
3310
-4.24
Mekhliganj(WB)
14.00
12
905.50
2400
2350
28.00
Pundibari(WB)
13.50
12.5
346.50
2350
2350
13.25
Kolhapur(Laxmipuri)(Mah)
13.00
18.18
2197.00
3000
3600
-
Kolar(Kar)
12.00
9.09
191.00
4433
4260
-4.05
Nilagiri(Ori)
12.00
NC
635.00
2300
2500
NC
Lakhimpur(UP)
12.00
NC
679.50
2390
2390
11.42
Champadanga(WB)
12.00
100
1207.00
2700
2700
5.88
Rajam(AP)
10.00
-
10.00
2500
-
-
Alappuzha(Ker)
10.00
NC
230.00
4400
4550
13.55
Kendupatna(Niali)(Ori)
10.00
NC
46.00
2160
1950
-
Sheoraphuly(WB)
9.00
NC
558.65
2800
2800
5.66
Firozabad(UP)
8.00
NC
777.10
2250
2260
11.39
Dibiapur(UP)
8.00
14.29
255.50
2250
2230
-0.44
Raiganj(WB)
8.00
-11.11
1086.50
2750
2750
-3.51
Kannauj(UP)
7.50
15.38
423.80
2185
2200
-1.13
Raibareilly(UP)
7.00
-41.67
377.00
2100
2120
-0.94
Mirzapur(UP)
6.50
NC
1645.60
1985
1985
0.76
Silapathar(ASM)
6.00
NC
720.80
3000
3000
NC
Nimapara(Ori)
6.00
50
277.00
2100
2000
-4.55
Etah(UP)
6.00
-14.29
197.00
2240
2260
8.21
Khairagarh(UP)
6.00
-40
523.00
2240
2150
9.80
Uluberia(WB)
5.50
10
268.40
2400
2400
-4.00
Baruipur(Canning)(WB)
5.00
11.11
72.50
2800
2700
1.82
Haldibari(WB)
5.00
25
699.50
2300
2300
-14.81
Dahod(Guj)
4.60
-79.74
1587.20
4100
4100
7.89
Aheri(Mah)
4.00
-
4.00
3800
-
-
Karjat(Mah)
4.00
-
4.00
3000
-
NC
Farukhabad(UP)
4.00
25
228.40
2250
2225
3.21
Jahanabad(UP)
4.00
-20
349.30
2120
2180
NC
Islampur(WB)
4.00
NC
375.50
2400
2400
11.63
Kalyani(WB)
3.50
NC
118.00
3400
3400
NC
Hailakandi(ASM)
3.00
NC
149.00
2500
2500
-7.41
Alibagh(Mah)
3.00
NC
174.00
4000
4000
21.21
Murud(Mah)
3.00
NC
246.00
3000
3000
87.50
Buland Shahr(UP)
3.00
50
478.50
2250
2240
10.29
Melaghar(Tri)
2.50
25
132.80
2700
2700
8.00
Mangaon(Mah)
2.00
NC
52.00
2800
2800
12.00
Panisagar(Tri)
1.90
-
1.90
2500
-
-
Rahama(Ori)
1.70
-8.6
63.72
2450
2400
11.36
Pabiacherra(Tri)
1.60
33.33
2.80
3000
3200
-
Gulavati(UP)
1.50
NC
69.50
2300
2270
13.30
Shillong(Meh)
1.00
NC
72.00
3500
3500
NC
Badayoun(UP)
1.00
-50
9.50
2290
2265
7.51
Bharuasumerpur(UP)
1.00
-33.33
10.50
2100
1950
16.67
Mawana(UP)
1.00
-33.33
33.90
2290
2380
5.77
Sardhana(UP)
1.00
NC
97.10
2330
2330
8.12
Kasipur(WB)
0.70
NC
48.30
2360
2500
10.28
http://www.thehindubusinessline.com/economy/agri-business/article9085066.ece





USA Rice Welcomes Hugh Maginnis, Vice President for International  


Hugh Maginnis 
ARLINGTON, VA -- USA Rice is pleased to welcome Hugh Maginnis as the new Vice President for International.  In his new role Hugh will be responsible for advancing USA Rice market access and promotion goals and managing the development and implementation of USA Rice's international and food aid programs.   

Hugh comes with more than 25 years of experience as a diplomat, economist, and agricultural executive, most recently as U.S. Department of Agriculture's (USDA) Counselor for Agricultural Affairs with the U.S. Embassy in Canberra, Australia, where he represented the U.S. Ambassador and the Secretary of Agriculture on all agricultural matters with Australia as well as New Zealand.   

With previous diplomatic assignments in Spain, Portugal, Canada, Australia, and New Zealand, Hugh has built a solid record of leadership in trade negotiations, regulatory affairs, and export promotion.  Prior to his assignment in Australia, Hugh managed a network of trade offices in 26 embassies as the Western Hemisphere Director in the USDA/FAS Office of Foreign Service Operations.  He served in a variety of positions at the USDA, advancing U.S. farm trade interests and promoting U.S. agricultural exports. 

Prior to his government service, Hugh was an economist with Wharton Econometric Forecasting Associates, as well as a sales and marketing executive with the Dannon Company.

Hugh's goals for USA Rice in the international marketplace are straightforward.  "I want to lead our efforts to open new overseas markets and grow market share for U.S. rice," he said.  "U.S. rice has a reputation for quality and reliability.  We need to continue to bring that message to our overseas customers through innovative programs that demonstrate how U.S. rice can meet overseas demands."


USA Rice Daily, Wednesday, September 7, 2016


New Edition of Whole Grain Showcases National Rice Month and More


All the rice news that fits
ARLINGTON, VA - The latest issue of USA Rice's groundbreaking publication,
Whole Grain, is being distributed this week to more than 25,500 rice industry members around the country.  As always, the newspaper is loaded with important and exciting stories about National Rice Month, key international markets, the 2016 USA Rice Outlook Conference, and much more.

Readers will learn about the wonderful RiceGiving program created by USA Rice and international upscale Asian restaurant chain, P.F. Chang's; retail promotions driving consumer rice sales; and the updated National Rice Month Scholarship program. 

Writers also provide updates on Cuba, Saudi Arabia, Jordan, and Turkey, as well as highlighting recent developments in the United Kingdom and with food aid programs.

The LSU AgCenter Rice Research Station is profiled, as is California grower Sean Doherty, and the Rice Leadership Development Program.

A program preview of the 2016 USA Rice Outlook Conference this December in Memphis, Tennessee is also included with the announcement of the keynote speaker, former NASA Astronaut and Columbia University Professor Dr. Michael Massimino - the first person to Tweet from space!

"We're thrilled with this issue of the Whole Grain," said Michael Klein, vice president of marketing, communications, & domestic promotion and the editor of the paper.  "As always, a special thanks to our advertisers: Buhler, Wellmark International, Douget's Rice Milling Company, and Horizon Ag.  Their support is crucial to us continuing to grow this newspaper and being able to provide the excellent reporting that we do."

If you do not receive the Whole Grain in your mailbox, or you'd like additional copies to distribute to friends, neighbors, and colleagues, or you would like to advertise in future issues, contact Colleen Klemczewski.




Rice




Soybeans

High
Low
Cash Bids
1017
914
New Crop
997
860


Riceland Foods


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


Futures:

SOYBEANS


High
Low
Last
Change





Sep '16
993.50
980.50
991.75
+17.50
Nov '16
978.25
958.25
975.50
+15.75
Jan '17
981.50
961.75
979.00
+15.50
Mar '17
984.50
965.50
982.25
+15.25
May '17
987.00
970.00
985.00
+14.25
Jul '17
990.50
972.50
988.25
+14.25
Aug '17
984.50
973.50
982.25
+12.00
Sep '17


960.50
+11.00
Nov '17
943.75
930.50
940.50
+8.50



Soybean Comment

Soybeans closed higher to on support from stronger meal prices. This combined with expectations that the federal reserve will delay interest rate hikes is helping ease concerns of stronger dollar, at least in the near term. With U.S. Soybeans almost 50-cents a bushel less than the South American competition foreign buyers continue to come to the U.S. While soybeans prices here are depressed the combination of weak Real and strong dollar have Brazilian soybean prices very strong which could encourage additional production.



Wheat

High
Low
Cash Bids
398
263
New Crop
414
389


Futures:

WHEAT


High
Low
Last
Change





Sep '16
376.75
371.75
375.25
+4.25
Dec '16
405.00
396.00
402.75
+4.25
Mar '17
424.50
417.50
422.25
+3.00
May '17
436.50
430.25
434.50
+3.00
Jul '17
448.25
443.00
446.50
+3.00
Sep '17
462.25
459.00
462.00
+2.50
Dec '17
483.50
481.50
483.50
+2.25
Mar '18
499.00
497.25
499.25
+2.00
May '18


503.00
+1.00



Wheat Comment

Wheat prices higher on support from outside markets. Globally wheat remains depressed from record large wheat supplies and the prospects for another big crop in 2016/17.



Grain Sorghum

High
Low
Cash Bids
299
268
New Crop
303
274




Corn

High
Low
Cash Bids
335
299
New Crop
348
305


Futures:

CORN


High
Low
Last
Change





Sep '16
322.00
315.00
321.00
+4.25
Dec '16
334.00
326.25
333.25
+4.75
Mar '17
344.00
336.50
343.00
+4.25
May '17
351.25
344.00
350.50
+4.50
Jul '17
358.25
351.50
357.50
+4.25
Sep '17
365.00
359.75
364.25
+4.00
Dec '17
375.00
369.00
374.50
+3.50
Mar '18
384.50
381.75
385.00
+4.00
May '18
390.00
390.00
390.75
+3.75

Corn Comment

Corn prices continued higher as support from stronger soybeans helped pull corn higher. The corn crop remains in excellent condition with 74% rated good to excellent. The market continues to need additional demand to help pull prices higher as large supplies continue to overshadow forecast record demand in 2016/17.



Cotton
Futures:

COTTON


High
Low
Last
Change





Oct '16
69.08
68.73
69.53
0.47
Dec '16
69.59
68.59
69.54
0.3



Cotton Comment

Cotton was higher again today. The final impact of Tropical Storm Hermine is still unknown, but heavy rains on open bolls will create quality issues for farmers in the path of the storm. Also in the plus column, the weekly export report showed 325,800 bales sold last week, boosting the 2016-2017 commitments to 4.478 million running bales. Technically oversold conditions also provided some support. December is building support at the recent low above 65.40 cents.



Rice

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


Futures:

ROUGH RICE


High
Low
Last
Change





Sep '16


933.5
-5.0
Nov '16
963.5
950.5
956.0
+4.0
Jan '17
985.0
982.0
981.5
+3.5
Mar '17
1010.0
1005.0
1005.5
+3.0
May '17


1027.0
+3.0
Jul '17


1047.0
+2.5
Sep '17


1047.0
+2.5

Rice Comment

Rice futures ended fractionally higher after trading in a very narrow range. Nationwide, 15% of the crop is now rated poor to very poor, and another 27% is in fair condition, with 35% of the crop harvested. In Arkansas, the percentage of the crop rated poor to very poor is 24%, with 31% of the crop harvested. Excessive heat caused blanking and has hurt yields, and excessive moisture in late summer has caused quality problems. However, abundant world supplies and declining prices in Asia continue to loom large over the market. India is expecting a large crop following a beneficial monsoon season. Technically, November charted a bearish outside day last Thursday, which hasn’t been negated at this point, although trading has been confined within that range for the past three sessions.



Cattle
Futures:

Live Cattle:

LIVE CATTLE


High
Low
Last
Change





Oct '16
102.850
99.525
102.425
+2.400
Dec '16
104.625
101.375
104.200
+2.275
Feb '17
104.900
102.100
104.500
+1.800
Apr '17
104.475
102.225
104.175
+1.425
Jun '17
98.475
96.475
98.275
+1.425
Aug '17
97.700
96.000
97.475
+1.225
Oct '17
99.200
97.850
99.000
+0.925

Feeders:

FEEDER CATTLE


High
Low
Last
Change





Sep '16
133.950
129.875
133.150
+2.650
Oct '16
131.625
127.525
130.750
+2.550
Nov '16
129.225
125.275
128.400
+2.325
Jan '17
125.450
121.525
124.925
+2.750
Mar '17
124.700
121.100
124.200
+2.625
Apr '17
124.525
122.400
124.350
+2.625
May '17
124.050
122.025
123.975
+2.400
Aug '17
125.000
123.900
125.000
+1.875


Cattle Comment
Cattle prices bounced off of yesterday's lows. Recent losses have both cattle complexes oversold, which is providing technical support to the market. This combined with improved marketings and improved beef prices led to gains in prices today



Hogs
Futures:

LEAN HOGS


High
Low
Last
Change





Oct '16
61.025
59.200
60.875
+1.950
Dec '16
55.550
54.450
55.375
+1.200
Feb '17
60.200
59.200
60.100
+0.900
Apr '17
65.725
64.825
65.450
+0.525
May '17
71.025
71.025
71.500
+0.625
Jun '17
75.800
74.900
75.600
+0.300
Jul '17
75.000
74.925
75.000
+0.400
Aug '17
74.600
73.850
74.100
+0.250
Oct '17
63.750
63.750
63.750
+0.725


If you have any comments or questions about this e-newsletter please e-mail us at mktrpt@arfb.com

Hybrid rice gene map completed

By Cai Wenjun | September 8, 2016, Thursday |
LOCAL scientists have finished fully mapping the genetics of hybrid rice to find the genes responsible for better yielding hybrid rice.The research will help with the development of hybrid rice — the cross breeding of different types of rice.The gene mapping discovery was published by Nature Online, said scientists from the Shanghai Institute of Plant Physiology and Ecology, Chinese Academy of Sciences.
Hybrid rice usually has more vigorous properties than natural rice, but the genetic basis for this phenomenon has been unclear.Local scientists studied 1,495 hybrid rice samples.“By understanding their genetic theories, we can breed rice with high yielding, better quality and disease resistance,” said Han Bin, director of SIPPE and the project leader
http://www.shanghaidaily.com/metro/Hybrid-rice-gene-map-completed/shdaily.shtml


Price of fine rice hits the roof

By Our Bureau | THE HANS INDIA |   Sep 08,2016 , 12:06 AM IST

Nizamabad: The price of fine rice in Nizamabad, which is known as grains granary of Telangana, that was stable till the recent past virtually hit the roof rising from Rs.3,000 to Rs.3,800 a quintal because of drought and deficit rainfall during the last two years.  Each kg of rice is being sold at Rs.34 to Rs.38, with stocks in market getting exhausted.

Traders are justifying the high price, claiming that they are forced to sell at a higher rate because of shortage of fine rice. They say that the rate will go up further in the coming months. Keeping this in view, people have demanded the administration to initiate action to check the prices of fine rice.

Usually there is a good price for fine rice in August and September. Exploiting this, traders have allegedly kept huge stocks, more than their capacity, causing artificial scarcity of the commodity and leading to the price hike.

Decline in the cultivation of paddy during the kharif season in Indur has also contributed to the price rise, which has severely affected people belonging to the middle and low-income groups. Taking advantage of the price rise, some top traders of Nizamabad and middle men have allegedly resorted to hoarding of stocks.

Rice millers in Banswada, Bodhan and Nizamabad areas, besides wealthy farmers, have also hoarded fine rice stocks in secret places and warehouses. This has also affected the price situation in the market. As stocks are piling up with traders, purchasers are forced to pay more, causing a burden to them.

This situation is likely to continue till the fresh kharif stocks reach the market.Paddy is cultivated in Nizamabad district thanks to the irrigation facilities offered by the Nizamsagar and Sriramsagar projects and borewell water, with the former covering 2.35 lakh acres.

With the level in Nizamsagar reaching dead storage, the crop has declined to below one lakh acres this year. There was not even 50 per cent of paddy cultivation in this kharif of the three lakh acre area sown across the district.Farmers raised paddy in 25,000 acres under the Lakshmi Canal and in Bodhan, Banswada, Jukkal and Yellareddy constituencies covered by bore-wells. The fall in paddy yield also led to the price rise.

In the past, the civil supplies department officials were able to contain the rice price by resorting to raids and starting paddy procurement centres in Nizamabad, Kamareddy, Banswada, Bodhan and Armur towns. They also supplied rice on ration cards. Thanks to these centres, officials were able to check the activities of hoarders.

But now, the administration does not seem to be taking interest in effectively tackling the price situation, having failed to take any steps, like making available kharif stocks in the market, the people feel. They want the officialdom to act at least now
http://asia.nikkei.com/Markets/Commodities/Japan-reaches-for-rice-imports-amid-price-surge-at-home

Philippines to import additional 800,000 tonnes of rice


No comments:

Post a Comment