Philippines approves rice trader
imports of 641,080 T, below quota
Reuters
MANILA - The Philippines' state
grains agency has approved permits for local rice traders to import 641,080
tons of the staple grain from Thailand, Vietnam, Pakistan and India, it said in
a notice posted on its website on Wednesday.The approved imports, which must be
brought in by Feb. 28, 2017, account for 80 percent of the maximum volume of
805,200 tons that private traders are allowed to bring in under an annual
country-specific quota scheme.Private traders will import 284,780 tons of rice
from Thailand; 294,020 tons from Vietnam; 56,140 tons from Pakistan; and 6,140
tons from India, the National Food Authority (NFA) said after evaluating all
applications.
The shipments will boost the rice
supply in the country, which has remained ample this year thanks to the NFA's
rice imports in 2015 and in recent months.
The NFA has a stand-by authority to
import another 250,000 tons of rice in addition to the 250,000 tons it bought
in August from Vietnam and Thailand.Fresh demand from the Philippines, one of
the world's biggest rice buyers, could underpin export prices particularly in
Vietnam and Thailand, traditionally its main suppliers.Rice export prices in
India and Vietnam weakened last week on thin demand, but still failed to
attract buyers, while prices rose slightly in Thailand amid a slowing harvest
Rice
Infrastructure Bids Sought
The Rural Development Bank (RDB)
has called for expressions of interest to develop and operate a 200,000 ton
rice warehouse and a rice paddy drying facility. The drying facility would
have the capacity to process 3,000 tons per day. The government is seeking
to finance additional agricultural infrastructure to address a shortage of
storage and drying facilities.The bank said the improved infrastructure was
needed to make the rice sector more efficient and support farmers under a
public private partnership model. RDB CEO Kao Thach told Khmer Times
yesterday the government has about $15 million to build the warehouse and
drying facility in Battambang province, the country’s biggest rice-producing
province.
The bank said the bidders’
proposals will be evaluated on criteria such as being a registered Cambodian
business, a strong proven track record of operating rice milling and storage
and stock management facilities, strong track record of building and managing
relationships with farmer organizations in Battambang, and ability to provide
suitable land to locate the development of the facilities. The land must be a
minimum 10 hectares. Phou Puy, president of the Green Rice Miller in
Battambang and chairman of the Rice Bank, told Khmer Times that it would be an
important solution to have a big rice storage warehouse and paddy drying
facility in Battambang.
He said it was needed by the rice
sector in Cambodia and would help millers and exporters with capacity shortages
at harvest season. “If there is big rice storage warehouse and paddy
drying facility, it will help both farmers and rice millers and rice
exporters,” added Mr. Phou Puy. “Currently, the biggest paddy drying
facilities are 800 and 500 tons, and smallest 40 tons per day.“The biggest rice
warehouse capacity is 50,000 tons and the smallest 2,000 tons,” said Mr. Phou
Puy who has shown interest in bidding to build the facilities. The bank
said project proposals and a detailed business plan including financial and
technical proposals are to be submitted by the end of the month.The independent
Mekong Strategic Partners will review the bids and send a shortlist to the RDB
board of directors for final selectio
Paddy procurement to be reviewed every
fortnight
December 14 2016
Bhubaneswar:
Amid reports of irregularity in paddy procurement, Chief Minister Naveen
Patnaik Tuesday directed Chief Secretary Aditya Prasad Padhi to take stock of
the ongoing procurement process every 15 days.
Patnaik, who
held a video conference with district collectors in this regard directed them
to ensure timely participation of registered farmers in the procurement process
to ensure immediate payment to them.
The chief
minister also asked concerned officials and collectors to ensure distribution
of special aid to farmers affected by draught in 2015-16 by December 17. According to officials, of 2.28lakh affected
farmers 2.13 lakh were provided `72crore assistance.
Meanwhile, food
supplies and consumer welfare minister Sanjay Das Burma who held a review
meeting with the food supplies and cooperative department officials earlier in
the day, said the state government has procured 3.58 lakh tonne paddy from
53,000 farmers so far. He said the procurement is underway in 67 blocks of nine
districts through 255 Primary Agricultural Cooperative Societies (PACS).The
total value of procured paddy is pegged at `525crore, he said, adding, the
state has already paid `409 crore to farmers online.
As claimed by
the state government earlier, the food minister said demonetisation and
subsequent RBI instructions to district central cooperative banks not to
facilitate exchange, withdraw or deposit money has affected farmers and paddy
collection.
The state
government has set a paddy procurement target of 44 lakh tonne (30 lakh tone in
terms of rice) during KMS 2016-17. While
kharif paddy would be procured between November 2016 and March 2017, rabi paddy
would be procured between May and June, 2017.The farmers’ wing of the state
Congress has, meanwhile, criticised the state government for not providing
minimum support price (MSP) on paddy to the farmers.The Chief Minister also
reviewed the disbursement of agriculture crop insurance to farmers and asked
officials to distribute the amounts by December 20. It was said in the meeting
that `1,776crore will be distributed as crop insurance to 11.61lakh farmers
affected by drought during Kharif 2015. So far government has transferred
`1,124 crore to bank accounts of 7lakh farmers towards agriculture crop
insurance
http://www.orissapost.com/paddy-procurement-to-be-reviewed-every-fortnight/
as on : 15-12-2016 04:31:30 PM
Arrivals in tonnes;prices in Rs/quintal in domestic market.
|
Arrivals
|
Price
|
|||||
|
Current
|
%
change |
Season
cumulative |
Modal
|
Prev.
Modal |
Prev.Yr
%change |
|
|
Rice
|
||||||
|
Gadarpur(Utr)
|
929.00
|
22.56
|
205834.00
|
2946
|
1945
|
39.36
|
|
Bangarpet(Kar)
|
618.00
|
51.1
|
14922.00
|
1830
|
1830
|
8.93
|
|
Burdwan(WB)
|
435.00
|
-1.58
|
11343.00
|
1850
|
1850
|
5.71
|
|
Pilibhit(UP)
|
260.00
|
4
|
177137.50
|
2240
|
2235
|
2.52
|
|
Kanpur(Grain)(UP)
|
250.00
|
-16.67
|
27685.00
|
2040
|
2025
|
-6.64
|
|
Guskara(Burdwan)(WB)
|
228.00
|
-3.8
|
6762.00
|
2250
|
2250
|
3.21
|
|
English Bazar(WB)
|
165.00
|
0.61
|
2569.00
|
2200
|
2200
|
15.79
|
|
Sainthia(WB)
|
164.00
|
0.61
|
5130.20
|
1910
|
1920
|
-
|
|
Birbhum(WB)
|
159.00
|
0.19
|
6151.40
|
1910
|
1920
|
2.41
|
|
Akbarpur(UP)
|
120.00
|
NC
|
900.00
|
2150
|
2150
|
7.50
|
|
Gondal(UP)
|
103.00
|
-12.71
|
15862.50
|
2040
|
2000
|
-2.86
|
|
Roorkee(Utr)
|
100.00
|
-56.52
|
2420.00
|
2190
|
2350
|
9.50
|
|
Kalna(WB)
|
97.00
|
1.04
|
1918.00
|
2970
|
2970
|
-
|
|
Shahjahanpur(UP)
|
96.00
|
-40.89
|
50667.80
|
2350
|
2320
|
9.30
|
|
Agra(UP)
|
90.00
|
12.5
|
8239.00
|
2550
|
2570
|
14.86
|
|
Memari(WB)
|
90.00
|
20
|
4925.00
|
1900
|
1900
|
5.56
|
|
P.O. Uparhali Guwahati(ASM)
|
81.80
|
5.14
|
6578.20
|
2230
|
2230
|
6.19
|
|
Aligarh(UP)
|
80.00
|
-5.88
|
8330.00
|
2550
|
2560
|
21.43
|
|
Ghaziabad(UP)
|
80.00
|
60
|
3965.00
|
2260
|
2260
|
9.18
|
|
Mainpuri(UP)
|
75.00
|
19.05
|
2841.00
|
2260
|
2250
|
13.00
|
|
Howly(ASM)
|
74.00
|
-1.33
|
1670.50
|
1700
|
1700
|
17.24
|
|
Lanka(ASM)
|
70.00
|
-6.67
|
4600.00
|
2000
|
2000
|
15.94
|
|
Badayoun(UP)
|
70.00
|
6900
|
143.00
|
2210
|
2290
|
4.25
|
|
Basti(UP)
|
70.00
|
-17.65
|
6054.50
|
2110
|
2110
|
1.93
|
|
Mathura(UP)
|
70.00
|
16.67
|
4130.00
|
2510
|
2540
|
24.88
|
|
Jangipur(WB)
|
63.50
|
NC
|
2009.60
|
2225
|
2235
|
12.09
|
|
Umared(Mah)
|
61.00
|
NC
|
244.00
|
3500
|
3500
|
27.27
|
|
Vasai(Mah)
|
52.00
|
-38.1
|
1150.00
|
2690
|
2840
|
3.46
|
|
Saharanpur(UP)
|
50.00
|
-3.85
|
7577.00
|
2285
|
2280
|
10.92
|
|
Dadri(UP)
|
50.00
|
NC
|
3092.00
|
2260
|
2260
|
8.65
|
|
Nadia(WB)
|
50.00
|
NC
|
1920.00
|
3400
|
3400
|
15.25
|
|
Gazipur(UP)
|
48.00
|
6.67
|
4286.00
|
2130
|
2200
|
5.19
|
|
Kasimbazar(WB)
|
47.00
|
NC
|
3943.00
|
2450
|
2430
|
8.89
|
|
Cachar(ASM)
|
40.00
|
-66.67
|
5250.00
|
2200
|
2200
|
-18.52
|
|
Srirampur(ASM)
|
40.00
|
-20
|
3600.00
|
2800
|
2800
|
-6.04
|
|
Beldanga(WB)
|
40.00
|
NC
|
5651.00
|
2400
|
2400
|
6.67
|
|
Bhivandi(Mah)
|
38.00
|
-35.59
|
221777.00
|
2600
|
2500
|
26.83
|
|
Goalpara(ASM)
|
34.00
|
-25.6
|
207.40
|
3850
|
3600
|
20.31
|
|
Pratapgarh(UP)
|
31.00
|
14.81
|
591.00
|
2235
|
2250
|
8.50
|
|
Kolar(Kar)
|
29.00
|
-6.45
|
308.00
|
4371
|
4555
|
-4.98
|
|
Meerut(UP)
|
28.00
|
-3.45
|
1223.00
|
2280
|
2280
|
11.22
|
|
Yusufpur(UP)
|
25.00
|
-21.88
|
1840.00
|
2170
|
2170
|
10.43
|
|
Garbeta(Medinipur)(WB)
|
25.00
|
4.17
|
486.00
|
2400
|
2600
|
-
|
|
Katwa(WB)
|
23.80
|
5.78
|
204.80
|
2250
|
2250
|
-
|
|
Chintamani(Kar)
|
23.00
|
-68.92
|
1229.00
|
2150
|
2050
|
16.22
|
|
Jhargram(WB)
|
23.00
|
15
|
280.00
|
2200
|
2350
|
-
|
|
Ramkrishanpur(Howrah)(WB)
|
22.00
|
-4.35
|
1719.00
|
2500
|
2500
|
NC
|
|
Madhoganj(UP)
|
21.00
|
-27.59
|
549.50
|
2150
|
2180
|
-1.15
|
|
Karimganj(ASM)
|
20.00
|
NC
|
2280.00
|
2300
|
3100
|
12.20
|
|
Sahiyapur(UP)
|
20.00
|
-33.33
|
276.00
|
2100
|
2115
|
-
|
|
Dinhata(WB)
|
20.00
|
NC
|
525.50
|
2200
|
2200
|
7.32
|
|
Kolhapur(Laxmipuri)(Mah)
|
18.00
|
NC
|
2722.00
|
3000
|
3000
|
NC
|
|
Jayas(UP)
|
18.00
|
100
|
156.00
|
2010
|
1980
|
-4.29
|
|
Purulia(WB)
|
18.00
|
NC
|
2442.00
|
2400
|
2500
|
3.45
|
|
Balrampur(UP)
|
16.50
|
-54.79
|
1754.50
|
2180
|
2190
|
4.06
|
|
Dahod(Guj)
|
15.80
|
-45.52
|
1640.80
|
4000
|
4100
|
NC
|
|
North Lakhimpur(ASM)
|
15.60
|
77.27
|
2511.10
|
1900
|
1900
|
NC
|
|
Haldibari(WB)
|
15.00
|
NC
|
60.00
|
2250
|
2250
|
-
|
|
Medinipur(West)(WB)
|
15.00
|
-16.67
|
376.00
|
2500
|
2500
|
-
|
|
Udala(Ori)
|
14.00
|
27.27
|
912.00
|
2800
|
2800
|
NC
|
|
Divai(UP)
|
12.00
|
-14.29
|
390.00
|
2260
|
2275
|
8.92
|
|
Pukhrayan(UP)
|
11.00
|
-8.33
|
526.00
|
2140
|
2130
|
3.13
|
|
Bohorihat(ASM)
|
10.50
|
90.91
|
336.90
|
2700
|
2700
|
28.57
|
|
Jiaganj(WB)
|
10.30
|
-6.36
|
168.40
|
2340
|
2325
|
-
|
|
Banda(UP)
|
10.00
|
-25.93
|
713.00
|
2240
|
2240
|
2.75
|
|
Lalbagh(WB)
|
10.00
|
-4.76
|
244.30
|
3325
|
2325
|
47.78
|
|
Dibrugarh(ASM)
|
9.00
|
80
|
458.60
|
2250
|
2250
|
-
|
|
Dhekiajuli(ASM)
|
9.00
|
-25
|
1693.10
|
2300
|
2300
|
16.16
|
|
Raibareilly(UP)
|
8.50
|
NC
|
400.00
|
2080
|
2060
|
2.72
|
|
Chandoli(UP)
|
8.00
|
14.29
|
406.50
|
2020
|
2025
|
7.45
|
|
Mirzapur(UP)
|
8.00
|
33.33
|
1973.10
|
2035
|
2040
|
3.04
|
|
Sheoraphuly(WB)
|
8.00
|
14.29
|
626.15
|
2930
|
2930
|
17.20
|
|
Tamluk (Medinipur E)(WB)
|
8.00
|
NC
|
1396.00
|
2500
|
2500
|
8.70
|
|
Bolangir(Ori)
|
7.00
|
-6.67
|
516.40
|
2400
|
2400
|
9.09
|
|
Baruipur(Canning)(WB)
|
7.00
|
7.69
|
182.90
|
2600
|
2600
|
-7.14
|
|
Kolaghat(WB)
|
7.00
|
NC
|
1429.00
|
2500
|
2500
|
8.70
|
|
Chengannur(Ker)
|
6.50
|
NC
|
755.00
|
2500
|
2400
|
NC
|
|
Tusura(Ori)
|
6.50
|
8.33
|
487.00
|
2400
|
2300
|
9.09
|
|
Kalyanpur(Tri)
|
6.50
|
35.42
|
53.70
|
2800
|
2800
|
12.00
|
|
Muradabad(UP)
|
6.50
|
-7.14
|
27.00
|
2290
|
2280
|
-
|
|
Rampur(UP)
|
6.00
|
-76
|
1473.00
|
2635
|
2600
|
21.99
|
|
Khair(UP)
|
5.00
|
-16.67
|
245.00
|
2550
|
2440
|
18.06
|
|
Uluberia(WB)
|
5.00
|
-16.67
|
353.60
|
2450
|
2450
|
-2.00
|
|
Hailakandi(ASM)
|
4.00
|
-20
|
198.00
|
2200
|
2200
|
-18.52
|
|
Darjeeling(WB)
|
3.20
|
-8.57
|
218.90
|
2950
|
2950
|
5.36
|
|
Alibagh(Mah)
|
3.00
|
NC
|
219.00
|
4000
|
4000
|
14.29
|
|
Murud(Mah)
|
3.00
|
NC
|
303.00
|
3000
|
3000
|
9.09
|
|
Kendupatna(Ori)
|
3.00
|
87.5
|
163.30
|
2287
|
2200
|
23.09
|
|
Sirsaganj(UP)
|
2.50
|
NC
|
125.00
|
2230
|
2260
|
8.78
|
|
Lakhimpur(UP)
|
2.10
|
5
|
561.35
|
2150
|
2160
|
0.23
|
|
Arakalgud(Kar)
|
2.00
|
NC
|
63.00
|
2350
|
2400
|
-
|
|
Bishenpur(Man)
|
1.30
|
-7.14
|
36.90
|
2700
|
2700
|
12.50
|
|
Lamlong Bazaar(Man)
|
1.20
|
20
|
70.20
|
2700
|
3000
|
NC
|
|
Malur(Kar)
|
1.00
|
-66.67
|
21.00
|
3000
|
4000
|
-25.00
|
|
Aroor(Ker)
|
1.00
|
NC
|
215.70
|
7100
|
7100
|
-5.33
|
|
Shillong(Meh)
|
1.00
|
66.67
|
102.60
|
3700
|
3700
|
5.71
|
Shipment to China might start next quarter,
says LT Foods
Speaking to CNBC-TV18, Ashwani
Kumar Arora, CEO, MD & CFO of LT Foods said shipment to China might start
in the next quarter. Ashwani Kumar Arora (more) CEO, MD & CFO, LT Foods |
China has agreed to import basmati rice from 14 companies in India. Speaking to
CNBC-TV18, Ashwani Kumar Arora, CEO, MD & CFO of LT Foods said shipment to China might start in the
next quarter. LT Foods is evaluating the opportunity to ship rice to China,
said Arora. He further said that there is more opportunity for non-basmati rice
with regard to exports. About eighty percent of company's revenues come from
basmati rice, he added
Global rice
market future could turn on weather event
Arkansas Rice 2016 and 2017
Situation and Outlook from presentation delivered by Dr. Bobby Coats at USA
Rice Outlook Conference on Dec. 9
2016 Total Arkansas Rice: (Slides
2-6)
·
2016 total Arkansas rice
harvested acres was 1,521,000 or 18 percent greater than 2015’s 1,286,000 harvested
acres. The 2016 yield was 7,150-pounds or 159 bushels per acre. Arkansas all
rice production or total rice production was 109-million cwt. the 4th largest on record. The previous
15-year average was 98.4-million cwt.
2016
Arkansas Long Grain Rice: (Slides 7-10)
·
2016 Arkansas long rice harvested
acres was 1,390,000, 17 percent above 2015’s 1,045,000 harvested acres. The
previous five-year average was 1,068,000 acres.
·
The 2016 Arkansas long grain rice
production is estimated at 99.4-million cwt. the 3rd largest on record.
·
The top four Arkansas long grain
rice counties by harvested acreage are Poinsett County with 98,595; Jackson
County 96,746; Cross County 91,957; and Lawrence County with 89,206 harvested
acres.
2016
Arkansas Medium Grain Rice: (Slides 11-14)
·
2016 Arkansas medium grain rice
harvested acres was 130,000. The previous 14-year average was 163,000 acres.
·
The 2016 Arkansas medium grain
rice production is estimated at 9.3-million cwt.
·
The top 3 Arkansas medium grain
rice counties by harvested acreage are Poinsett County with 22,739; Jackson
County 16,699; and Lawrence County, 15,764 harvested acres.
2016/2017
Global Rice Market Challenges: (Slides 15-22)
Global supplies have exceeded
demand for the current 10 marketing periods. Harvested acres are at record
levels; yields are stable; production and consumption are the highest on
record; global trade a little slow; and global stocks are slowly building. That
said, a negative weather event or another anomaly event could easily move
global production below consumption.
·
World rice harvested acres are
the largest on record at 162.3 million hectares.
·
World rice yield has been at 4.4
metric tons per hectare for the current 5 production seasons.
·
World rice milled production at
483.8 million metric tons is the highest on record.
·
World rice total use at 478.8
million metric tons is the highest on record.
·
World rice production has
exceeded consumption in the current 10 marketing periods.
·
World rice trade at 41 million
metric tons is the 3rd highest on record, which in part reflects anemic global growth.
That said global reflation is providing a bullish trade bias for 2017.
·
World rice ending stocks at 121.7
million metric tons is the highest since 2001/02 marketing period.
2016/2017 U.S. Long Grain Rice
Market: (Slides 23-30)
U.S. rice harvested acres are
estimated at 2,412,000 acres or 507,000 acres above the previous five years.
2016 long grain rice production then is estimated at 32-percent above 2015.
This is significantly outpacing the present demand for U.S. long grain rice,
which is why USDA has a 2016/17 price estimate range of $9.20 to $10.20 per
cwt.
·
2016 long grain rice harvested
acres are estimated at 2,412,000 acres, 31 percent above 2015. The five-year
average is 1,904,800 acres, the 10-year average is 2,120,300 acres and the
15-year average is 2,268,467 acres.
·
2016 long grain rice production
is estimated at 176.1 million cwt., 32 percent above last year. The five- year
average is 138 million cwt and 10-year average 147 million cwt.
·
2016/17 long grain rice total
supply is estimated at 219 million cwt, 2nd largest on record, 22% above last
year. The five-year average was 182 million cwt and 10 year average 189 million
cwt.
·
2016/17 long grain rice total
exports are estimated at 79 million cwt, 6th largest on record. The five-year
average 70 million cwt and the 10-year average 72 million cwt.
·
2016/17 long grain rice total use
is estimated at 182 million cwt., 2nd largest on record. The five-year
average 159 million cwt and 10 year average 166 million cwt.
·
2016/17 long grain rice ending
stocks are estimated at 37.2 million cwt the largest since 1985. The five-year
average 22.3 million cwt and 10 year average 23.8 million cwt
Macro Issues Key Driver of Market
Price Activity
Present global intervention
activities by Governments and Central Banks have been inadequate to overcome:
(Slides 31-34)
·
Chronic global slow growth
·
Low to negative interest rates
·
Building debt
The expectation is that a
continuation of current intervention policy would cause domestic and global
chronic deflationary forces to remain dangerously problematic. The impact would
be sustained chronic price weakness likely for equity and commodity prices; an
expansion of negative interest rates globally; and debilitating global debt.
“Transitional Reflationary
Policy” by Governments’ and Central Banks’ Intervention
Global economic transition in
reality has been underway throughout 2016. Simplistically the objective is to
reflate the domestic and global economies and re-energize global growth, which
in these current economic times is no small accomplishment if achieved.
The catalyst for the reflation
activities is elevated levels of fiscal stimulus and Central Bank intervention
activities. This should be:
·
Bearish bonds, utilities, etc.
·
Increasingly bullish many hard
assets like stocks, commodities, land, etc.
·
Bonds appear to have topped with
low yields at least for the next couple of years
·
Equities are the direct
beneficiary of the bonds topping followed by commodities, land, fine arts, etc.
new highs.
“Reflation” One Driver Lifting
Global Markets and Commodity Prices
Near Term’s Reflation’s Impact on
Select Markets (Slide 35)
Positive Impact on Rice, Cotton
and Grain Prices
The strength or weakness in the
following markets is positive for future rice, cotton and grain prices.
·
$USD US Dollar Index – Cash
Settle, Monthly Chart, 1997 to present, Slide 42
·
Without major global 2017
reflation efforts, dollar could surprise to the upside
·
·
Light crude above 52.50 can move
significantly higher
·
WTIC Light Crude Oil –
Continuous Contract, Weekly Chart, Feb. 2014 to present, Chart 41
·
·
Chronic global slow economic
growth & over production produced anemic economic activity and commodity
prices
·
Globally – Aggressive Government
and Central Bank intervention required to elevate economic activity and
commodity prices in the aggregate
·
$CRB Index, Commodity Index,
Monthly Chart, 1997 to present, Slide 40
·
·
More strength than weakness since
January, 2016
·
Building momentum critically
important for healthy commodity prices
·
EEM Emerging Markets,
Weekly Chart, February, 2014, to present, Slide 39
·
·
Slowly building economic momentum
·
EFA Global Equities –
excluding U.S. and Canada, Weekly Chart, Feb. 2014 to present, Slide 38
·
Dow Jones Industrial Average,
Weekly Chart, February 2014 to present, Slide 37
·
2017 expect more price strength
than weakness
·
10 Year US Treasury Yield, Daily
Chart, May 2016 to present, Slide 36
·
Bearish Bonds
·
Yields have risen from the July
low 1.34 to 2.45
·
Near term low in place
·
$SOYB – Soybeans, Continuous
Contract, Weekly Chart, 2014 to present, Slide 43
·
Geopolitical uncertainty a factor
contributing to lift in some commodity prices
·
Near-term neutral
·
Weakness to previous low a
possibility
·
2017 will have pricing
opportunities
·
$Corn – Corn - Continuous
Contract, Weekly Chart, 2014 to present, Slide 44
·
·
Geopolitical uncertainty a factor
contributing to some commodity price support
·
Near term neutral
·
Remain concerned about price
weakness
·
2017 will have pricing
opportunities
·
$Wheat – Wheat - Continuous
Contract, Weekly Chart, 2014 to present, Slide 45
·
·
Bottoming process
·
2017 will have pricing
opportunities
·
Rough Rice - January 17
(ZRF17), Monthly Chart, 2006 to present, Slide 46
·
·
Global slow growth have
countries’ food security conscious contributing to excess production and price
weakness
·
Reflation should start working as
a factor in the favor of higher rice prices
·
Domestically and globally over
supply remains problematic
·
Overplanting accompanied with a
favorable global weather in 2017 would be problematic
Weather Unknowns: In 2017,
what are the global impacts of La Nina and other possible anomaly events? They
probably provide some price support. Slide 47
Bobby Coats is Professor,
Department of Agricultural Economics and Agribusiness, University of Arkansas
System, Division of Agriculture.
http://www.deltafarmpress.com/rice/global-rice-market-future-could-turn-weather-event
Possible local
twist as plastic rice probe deepens
BY: LOOP NEWS
09:05, December 13, 2016
In addressing a press conference
in Kingston on Monday, in response to assertions of the presence of the plastic
rice, Karlene Henry, Deputy Chief Executive Officer (CEO) of Operations at
Jamaica Custom, made the local call.“If there is plastic rice (in Jamaica), it
can be made here,” she told journalists at the press conference.Confirmation is
yet to come of the presence of commercial quantities of the fake rice, as the
relevant authorities conduct testing to bring clarity to the situation.Of
added concern is that Jamaica Customs has indicated that if the plastic rice
has been smuggled into the island, it will be difficult for the agency to track
the source of the commodity.This is because Jamaica presently imports rice from
eight countries, namely the USA, Trinidad and Tobago, Guyana, Vietnam, India,
Thailand, Suriname and China.
A temporary ban has been placed
on the clearance of rice at all ports of entry, this after reports emerged of
the plastic rice having been found in the parish of Manchester.The Jamaica
Customs representative said the Bureau of Standards Jamaica (BSJ) and the Food
Storage and Prevention of Infestation Division of the Ministry of Industry,
Commerce, Agriculture and Fisheries, are preparing to test samples of rice
across the island.
http://www.loopjamaica.com/content/possible-local-twist-plastic-rice-probe-deepens
Philippines approves rice trader
imports of 641,080 T, below quota
Private traders will import 284,780
tons of rice from Thailand; 294,020 tons from Vietnam; 56,140 tons from
Pakistan; and 6,140 tons from India, the National Food Authority (NFA) said
after evaluating all applications.The shipments will boost the rice supply in
the country, which has remained ample this year thanks to the NFA's rice
imports in 2015 and in recent months.The NFA has a stand-by authority to import
another 250,000 tons of rice in addition to the 250,000 tons it bought in
August from Vietnam and Thailand.Fresh demand from the Philippines, one of the
world's biggest rice buyers, could underpin export prices particularly in
Vietnam and Thailand, traditionally its main suppliers.Rice export prices in
India and Vietnam weakened last week on thin demand, but still failed to
attract buyers, while prices rose slightly in Thailand amid a slowing harvest.
http://news.abs-cbn.com/news/12/09/16/bus-going-to-el-nido-palawan-falls-into-rice-field-11-injured
Korea
Donates Milling Complex Worth $1.6M To Nigeria
Dec 15, 2016 4:20 am |
The Republic of Korea, through its agency,
Korea International Cooperation Agency (KOICA) donated a modern integrated rice
milling facility, constructed in Bida to Niger State government recently.According
to the Country Director Mrs Park, the project started in 2008, and has the
capacity of processing 1.5 tonnes of rice per hour (1.5t/h) with parboiling,
drying, sorting and packaging facilities, which can be increased to 3.0t/h.Delivering
a speech at the occasion the Korean Ambassador to Nigeria HE Noh Kyu-duk,
stated that the project was part of South Korea’s effort in assisting Nigeria
in its effort to diversify the economy, with Agriculture playing an important
role.
According to statistics, Nigeria is presently
producing approximately 5 Million tonnes of rice annually and imports about 3
million tonnes of it to meet demands.An estimated N356 billion is spent on rice
importation in Nigeria yearly, making the country rank among the top 12 rice
consuming countries in the world.It is anticipated that the facility will not
only assist the local rice farmer and millers in Bida, and boost creation of
jobs for thousands of unemployed youths, but will also contribute towards
assisting Nigeria become self-sufficient in rice production. Furthermore, it
will bring an end to the importation of rice from other rice-producing
countries.
Major stakeholders of the project namely,
Federal Ministry of Agriculture and Niger State Agricultural Mechanisation
Agency (NAMDA) were fully involved in the implementation of the project, and
would also be managing it.The handover ceremony which took place in Bida, on
the 8th of December 2016, had dignitaries and members of the diplomatic corps
present, namely; the Etsu Nupe of Bida, HRH Yahaya Abubakar, H E the governor
of Niger State, Abubakar Sani Bello, Ambassador of the Republic of Korea Mr.
Noh Kyu-duk, Country Director of KOICA, Mrs Sook Hyun Park, Commissioner of
Agriculture Niger State, Abdullahi Aliyu among others
https://leadership.ng/news/cover-stories/563954/korea-donates-milling-complex-worth-1-6m-to-nigeria
No takers for fine quality rice
By Our Bureau | THE HANS INDIA | Dec 15,2016 , 03:40 AM
IST
.
Warangal: With the harvested paddy still in
fields and no miller coming forward to purchase fine quality paddy, the fate of
farmers appears to be in limbo.Adding more woes to their misery was the
prevailing overcast conditions in the region - courtesy the low pressure caused
by the Cyclone Vardah, which is threatening to spoil the crop in the fields.Despite
a good harvest this season, farmers in the region continue to face problems.
The farmers, who were already hit by the demonetisation effect, now face
another hurdle with the millers turning their back to purchase the fine quality
paddy.The advent of new paddy culture varieties that withstand drought and give
good yield has prompted the farmers to go for fine quality paddy cultivation.
Compared to previous years, cultivation of fine quality paddy is increased by
at least 15 per cent.
For its mid-day meals and welfare hostels’
requirement, the State government entered into a MoU with rice millers to
procure 1.20 lakh metric tonnes of fine rice. As per the MoU, millers had to
procure fine quality paddy (BPT-5204, Sona Masuri and Vijaya Masuri) at Rs
1,800 per quintal from farmers. The MoU also envisages millers to maintain
proper data of the procurement in a bid to avoid dumping of low quality paddy
from other States.While the State government claims that it had made all
arrangements for the procurement of paddy, there is a growing discontent among
farmers in Bhupalpally, Khammam, Jogulamba and Nirmal districts with the
millers not coming forward to purchase citing that it would spell doom for
them.Speaking to The Hans India, Telangana Civil Supplies Cchairman Peddi
Sudarshan Reddy said: “Although the Centre’s support price is Rs 1,510 per
quintal for A Grade paddy and Rs 1,470 per quintal for common variety, the
State had told the rice millers to procure at Rs 1,800 per quintal of fine
quality paddy to help the farmers.”
With an increase in fine quality paddy
production in the State, rice millers in some places are not coming forward to
purchase the produce at Rs 1,800 per quintal as per the MoU, he said. Referring to the rain threat due to the low
pressure caused by the Cyclone Vardah, Guduru Ravinder, a farmer from
Kamalapuram mandal in Warangal Urban district, thanked the God for it did not
rain on Wednesday as all the farmers’ produce was in the field. He said that
millers were offering them just around Rs 1,500 a quintal.Telangana Rythu
Sangham State Joint Secretary Nunna Nageswara Rao said: “With the farmers
having no option to sell their produce elsewhere, the responsibility is on the
State to procure entire produce.”
Adepu Mahender
http://www.thehansindia.com/posts/index/Telangana/2016-12-15/No-takers-for-fine-quality-rice/268788
Mexican
market is a golden opportunity for rice farmers
By STAFF WRITER
December 14, 2016
Dear Editor,
Berbice rice farmers have a golden opportunity
to capitalize on the Mexican market according to Mexico Ambassador Ivan Roberto
Sierra-Medel. Guyana has been expanding its rice and paddy production and
export levels with the assurance of both the PPP/C and APNU+AFC governments of
securing good markets. However, recent changes in Venezuela have ended Guyana’s
preferential access to the Venezuelan market with its good prices.
It is still too early to make a definitive
forecast as to what the Mexicans will offer for a tonne of rice and paddy.
Mexico is the second largest importer of rice following Japan. The Ambassador
told the rice farmers that there is a big market for their rice and paddy if
they can gain a foothold in it. This is an important breakthrough for the
Berbice rice farmers and the rice industry as a whole as Guyana seeks to export
rice and paddy to non-traditional markets.
Furthermore, the Mexican market should be
outlined in the strategic plan, and this opportunity couldn’t come at a better
time. I am sure that if the farmers meet the high standards and the
requirements of the Mexican rice and paddy market, the quota will increase. The
farmers and rice millers can negotiate for a waiver on CXT when they export a
maximum of 20,000 metric tonnes of rice and paddy per year for the duration of
the contracts. hey can also ask for a waiver of the Merchant Marine Tax, which
will help with the cost of the freight.These concessions can be granted in good
faith; the bottom line for the farmers to capture the paddy market is that they
have to dry, clean and store it until there is a shipment. This will be
difficult for them since they do not have the equipment and the facility to
store the grain. They will have to work through the millers and a farmers group
to get this done, although from my experience when this happens the ordinary
rice farmers tend to lose. When there is an increase in the price for both
commodities, the increase does not filter down to the farmers, and the millers
and farmers group make most of the money.
For there to be a level playing field the
Minister of Agriculture will have to put protection in place. What the farmers
need is a situation where everyone will be adequately compensated for their
hard work and their efforts in their drive to develop the industry. Kudos must
be given to the Prime Minister Moses Nagamootoo and Mr Gobin Harbajan, who
arranged for the Ambassador to meet with the Berbice rice farmers. Let’s not
waste this magnificent opportunity, but rather work assiduously to make our
mark in their marketplace.
Yours faithfully,
Mohamed Khanhttps://www.stabroeknews.com/2016/opinion/letters/12/14/mexican-market-golden-opportunity-rice-farmers/
Rice Infrastructure
Bids Sought
The Rural Development Bank (RDB)
has called for expressions of interest to develop and operate a 200,000 ton
rice warehouse and a rice paddy drying facility. The drying facility would
have the capacity to process 3,000 tons per day.The government is seeking to
finance additional agricultural infrastructure to address a shortage of storage
and drying facilities.The bank said the improved infrastructure was needed to
make the rice sector more efficient and support farmers under a public private
partnership model. RDB CEO Kao Thach told Khmer Times yesterday the
government has about $15 million to build the warehouse and drying facility in
Battambang province, the country’s biggest rice-producing province.
The bank said the bidders’
proposals will be evaluated on criteria such as being a registered Cambodian
business, a strong proven track record of operating rice milling and storage
and stock management facilities, strong track record of building and managing
relationships with farmer organizations in Battambang, and ability to provide
suitable land to locate the development of the facilities. The land must be a
minimum 10 hectares. Phou Puy, president of the Green Rice Miller in
Battambang and chairman of the Rice Bank, told Khmer Times that it would be an
important solution to have a big rice storage warehouse and paddy drying
facility in Battambang.
He said it was needed by the rice
sector in Cambodia and would help millers and exporters with capacity shortages
at harvest season. “If there is big rice storage warehouse and paddy
drying facility, it will help both farmers and rice millers and rice
exporters,” added Mr. Phou Puy.“Currently, the biggest paddy drying facilities
are 800 and 500 tons, and smallest 40 tons per day. “The biggest rice
warehouse capacity is 50,000 tons and the smallest 2,000 tons,” said Mr. Phou
Puy who has shown interest in bidding to build the facilities. The bank
said project proposals and a detailed business plan including financial and
technical proposals are to be submitted by the end of the month.The independent
Mekong Strategic Partners will review the bids and send a shortlist to the RDB
board of directors for final selection.
http://www.khmertimeskh.com/news/33165/rice-infrastructure-bids-sought/
Experts call for reducing rice exports
The country should halve its rice exports from the normal 7-8
million tonnes until 2020 because of difficulties exporters face and falling
production due to climate change, according to the Viet Nam Food Association.
Speaking at a seminar in HCM City on December 13, Huynh The Nang,
its chairman, said Viet Nam has exported 4.5 million tonnes of the grain so far
this year, a year-on-year decrease of 25 per cent.Exporters are facing challenges
in the form of increasing supply and competition from traditional and emerging
rice export countries like Thailand, India, Pakistan and Myanmar, he said.Besides,
major importing countries like the Philippines, Malaysia and China are
increasing production to reduce imports and enhancing quality control of
imports, he said.For instance, China, the biggest importer and not a fastidious
market, recently tightened its quarantine policy for Vietnamese rice, he said.Drought
and saltwater intrusion have seriously affected rice production in the Cuu Long
(Mekong) Delta, the country’s granary, with output in the 2015-16 winter-spring
rice crop falling by over a million tonnes, he said.
With the increasing construction of hydropower dams in the
upstream of the Mekong River, the delta faces a possible threat of lack of
water for rice cultivation, he said.“All these force us to seek measures to
resolve the problem as well as make our rice production more sustainable.”The
sector must be restructured to grow high-quality varieties and pay more
attention on improving quality to meet the market’s demand, he said.Areas
seriously affected by climate change should switch to crops that can cope with
climate change and are in demand, he said.
He suggested cutting exports to 3-4 million tonnes of high-quality
rice a year until 2020, and 2-3 million tonnes a year after that instead of
growing in large quantities and struggling to find buyers.Pham Thai Binh,
director of Can Tho-based Trung An Co., Ltd, a large rice exporter, said to
expand the export market Vietnamese rice must be tasty, safe and cheap.
Consumers both at home and abroad are becoming more and more aware
of what they eat and are willing to pay more for safe products, he said.To
ensure the three competitive factors, farmers and businesses must join hands to
create large-scale rice fields, apply modern farming techniques and mechanise
production, he said.Delegates at the seminar agreed that Viet Nam must focus on
building rice brands.Deputy Minister of Industry and Trade Tran Quoc Khanh
said, “We export rice for more than 30 years but many shortcomings still remain
in our production and export, Viet Nam’s rice brand has not got a foothold in
the world market.“We need to build Viet Nam’s rice image by developing a
national rice brand.”The country needs to make global consumers feel it grows
rice following high standards and completely trust the quality of Vietnamese
rice, he said.To do that, the sector must review zoning plans and what
varieties are being grown, he said, adding that cultivation must be based on
market demand rather than farmers growing first and then thinking about exports
http://english.vietnamnet.vn/fms/business/169549/experts-call-for-reducing-rice-exports.html
NFA okays limited private rice
import
December 15, 2016
The National Food Authority has approved permits for
local rice traders to import 641,080 tons of the staple grain from Thailand,
Vietnam, Pakistan and India, it said in a notice posted on its website
yesterday.The approved imports, which must be brought in by Feb. 28, 2017,
account for 80 percent of the maximum volume of 805,200 tons that private
traders are allowed to bring in under an annual country-specific quota scheme.Private
traders will import 284,780 tons of rice from Thailand; 294,020 tons from
Vietnam; 56,140 tons from Pakistan; and 6,140 tons from India, NFA said after
evaluating all applications.
The shipments will boost the rice supply in the country, which has
remained ample this year thanks to the NFA’s rice imports in 2015 and in recent
months.The NFA has a stand-by authority to import another 250,000 tons of rice
in addition to the 250,000 tons it bought in August from Vietnam and Thailand.Fresh
demand from the Philippines, one of the world’s biggest rice buyers, could
underpin export prices particularly in Vietnam and Thailand, traditionally its
main suppliers.Rice export prices in India and Vietnam weakened last week on
thin demand, but still failed to attract buyers, while prices rose slightly in
Thailand amid a slowing harvest. – Reuters
http://malaya.com.ph/business-news/business/nfa-okays-limited-private-rice-import
What Plastic Rice? Minister Says No Evidence of Fake Rice on Jamaica
Market
KINGSTON, Jamaica, Wednesday
December 14, 2016 – Rice imports from Guyana
and Suriname will now be allowed into Jamaica, after the Jamaica Customs Agency
(JCA) temporarily halted the clearance of rice at all ports of entry over
reports that plastic rice had entered the local market.
On Monday, the JCA stopped the
shipments and met with the relevant regulatory agencies, including the Bureau
of Standards (BSJ), the Ministry of Commerce, Industry and Fisheries, the
Ministry of Health, and the Jamaica Constabulary Force (JCF), to verify whether
the artificial rice was in fact in the country.
The concern was triggered by a
Television Jamaica report on Sunday, showing a woman cooking the product.
However, Minister of Industry,
Commerce, Agriculture and Fisheries Karl Samuda said yesterday there was no
evidence of plastic rice in samples tested by the BSJ.
“The BSJ was provided with samples…
and, so far, I can assure the people of Jamaica that there is absolutely no
evidence of any contamination of plastic within the samples tested,” he said.
MINISTER OF INDUSTRY, COMMERCE,
AGRICULTURE AND FISHERIES KARL SAMUDA
The minister said more samples will
be taken from across the country to be tested and the BSJ had been asked to
conduct island wide investigations into the source of all rice now in
supermarkets.
According to the Jamaica Observer,
Jamaica imports rice from Trinidad and Tobago, Vietnam, India, United States,
Guyana, Thailand, China, and Suriname.
Samuda said yesterday that rice
originating from Guyana and Suriname would be cleared to enter the island.
“The reason for this is very
simple: Guyana and Suriname are considered to be a part of our domestic market.
They are members of CARICOM and we have never had incidents of any kind of
contamination or otherwise. So, there is no justifiable reason for us to hold
those shipments of rice,” he explained.
Meanwhile, the minister expressed
concern about the importation of rice from sections of the Far East.
“In three instances, we have been
advised of fake labeling, and we are in the process now of confirming the
allegations. We have to be very certain of the source of food that enters this
country,” he said
http://www.caribbean360.com/news/plastic-rice-fears-prompt-block-rice-imports-jamaica-minister-says-no-evidence-found
Rice scrips gain
as China opens market
The share price of Kohinoor jumped 14.6% to Rs
72.85 while that of Chamanlal Setia rose by 6.1% to Rs 74.2
Shares of rice companies, led by Kohinoor Foods, surged on
Wednesday, after estimates of a sharp increase in basmati export this year from
the opening of Chinese markets. The share price of Kohinoor jumped 14.6
per cent to Rs 72.85; that of Chamanlal Setia rose by 6.1 per cent to Rs 74.2.
Leading branded basmati producer LT Foods rose 2.6 per cent to Rs 282.3.
Non-basmati producer Usher Agro saw a 4.7 per cent jump to Rs 13.3. “We would
send our team soon to discuss the possibility of rice importers in China. If
possible, we would appoint local distributors
http://www.business-standard.com/article/specials/rice-scrips-gain-as-china-opens-market-116121400902_1.html
2016 USA Rice Outlook Conference Highlights
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MEMPHIS, TN --
Welcoming everyone to the 2016 USA Rice Outlook Conference last week,
host-state representative and Mississippi rice farmer Kirk Satterfield
explained, "The conference has grown so much and is still growing that we
had to move to Memphis to find a venue big enough to accommodate all the
attendees and exhibits. We certainly appreciate the level of
participation."
USA Rice Chairman Brian King echoed that sentiment: "It's encouraging to see so many in the industry come out - it shows we're on the right track and offering good value to our customers. Attendance this year was close to 800 and I attribute that statistic to excellent programming - from exciting keynote speakers like NASA Astronaut Michael Massimino, Ambassador to Iraq Stuart Jones, and crowd-favorite 2017 Miss America Savvy Shields - to the new Innovation Stage, centrally located in the Exhibit Hall that was bursting at the seams with 59 exhibitors."
"Moving the New Products & Technology seminar to the Innovation Stage concept in the middle of the Exhibit Hall fostered more interaction between members and exhibitors," said USA Rice President & CEO Betsy Ward. "We really appreciate all of our exhibitors and sponsors for their support and are always looking for ways to help them promote their products and services."
USA Rice Chairman Brian King echoed that sentiment: "It's encouraging to see so many in the industry come out - it shows we're on the right track and offering good value to our customers. Attendance this year was close to 800 and I attribute that statistic to excellent programming - from exciting keynote speakers like NASA Astronaut Michael Massimino, Ambassador to Iraq Stuart Jones, and crowd-favorite 2017 Miss America Savvy Shields - to the new Innovation Stage, centrally located in the Exhibit Hall that was bursting at the seams with 59 exhibitors."
"Moving the New Products & Technology seminar to the Innovation Stage concept in the middle of the Exhibit Hall fostered more interaction between members and exhibitors," said USA Rice President & CEO Betsy Ward. "We really appreciate all of our exhibitors and sponsors for their support and are always looking for ways to help them promote their products and services."
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Ward also said the
Annual Rice Awards Luncheon was a conference highlight. "Attendees
heard moving speeches from the award winners, got to meet the 2017/19 Rice
Leadership Development Program class, and see the winning entry in the first
ever National Rice Month Scholarship video contest," she said.
Between traditional program offerings like state outlook and rice research reports from all six major rice-producing states, USA Rice showcased several videos, including the P.F. Chang's Farm-to-Wok video featuring Arkansas rice farmers Jennifer James and Dow Brantley that captures the artistry of rice farming and tells the story of the U.S.-grown grain.
This year's conference included two panels focusing on conservation and sustainability practices in the rice industry that was moderated by outgoing Chief of the USDA's Natural Resources Conservation Service (NRCS) Jason Weller who spoke eloquently about the importance of industries telling their stories. (click here to see his full remarks)
"In my view, production agriculture is sustainable agriculture, full stop," Chief Weller said in touching closing remarks. "You guys need to stand up and be proud of what you do, you need to advocate for what you do, and you need to do it in a way that connects with people who aren't familiar with production agriculture."
Between traditional program offerings like state outlook and rice research reports from all six major rice-producing states, USA Rice showcased several videos, including the P.F. Chang's Farm-to-Wok video featuring Arkansas rice farmers Jennifer James and Dow Brantley that captures the artistry of rice farming and tells the story of the U.S.-grown grain.
This year's conference included two panels focusing on conservation and sustainability practices in the rice industry that was moderated by outgoing Chief of the USDA's Natural Resources Conservation Service (NRCS) Jason Weller who spoke eloquently about the importance of industries telling their stories. (click here to see his full remarks)
"In my view, production agriculture is sustainable agriculture, full stop," Chief Weller said in touching closing remarks. "You guys need to stand up and be proud of what you do, you need to advocate for what you do, and you need to do it in a way that connects with people who aren't familiar with production agriculture."
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Weller said he
figured this would be his last public appearance as NRCS Chief, at least before
a commodity group, and he had the date circled on his calendar for some time.
"I am so proud of the partnership NRCS has with the rice industry and I wanted to be here personally to thank you all for your commitment to being partners with us to invest in conservation and really be national leaders - not just regional or local leaders - but national leaders in production agriculture."
"Add up all the good information from the sessions and exhibits, plus getting to see an astronaut and Miss America in the same conference, and you're getting your money's worth," concluded Satterfield.
The Outlook conference is the largest annual rice-specific gathering in North America and is an educational service of USA Rice. Next year's conference is scheduled for December 10-12 in San Antonio, Texas.
"I am so proud of the partnership NRCS has with the rice industry and I wanted to be here personally to thank you all for your commitment to being partners with us to invest in conservation and really be national leaders - not just regional or local leaders - but national leaders in production agriculture."
"Add up all the good information from the sessions and exhibits, plus getting to see an astronaut and Miss America in the same conference, and you're getting your money's worth," concluded Satterfield.
The Outlook conference is the largest annual rice-specific gathering in North America and is an educational service of USA Rice. Next year's conference is scheduled for December 10-12 in San Antonio, Texas.
Certification for low glycemic
index rice soon
THE HANS INDIA |
Dec 15,2016 , 04:15 AM IST
Hyderabad: With a little experience and
expertise, consumers may perhaps be able to make out the difference between
high-quality and low-quality rice just by its appearance or physical
attributes. However, it is difficult for anyone to discern the intrinsic
qualities and properties just from the external appearance. For instance,
consumers can pick and choose the most palatable variety, when it comes to
health-related rice with low-glycemic index value we have to rely solely on
information printed on the package or that given by the traders. Low-index
glycemic rice varieties which is considered as a healthy option for persons
with Type 2 diabetes and a host of other conditions, is fast becoming a hot
favourite among consumers in India and abroad.
Glycemic index comprises a set of parameters
based on the duration for rice to be digested. Low-index rice is considered
ideal because of long time it takes to be digested accompanied by slow and
controllable rise of blood sugar and insulin levels. Preference for this
variety has gained momentum because of its ‘good’ carbohydrate and slow
digestion characteristics.
Millers and traders who could envision some
fast bucks come their way are capitalizing on the high demand are branding fake
varieties as low index glycemic rice and pushing them into the markets. Millers
are also exploiting the rice farmers those who are not aware of the true value
of this variety by procuring this variety at a cheap price.
Hyderabad-based Indian Institute of Rice
Research (IIRR) which was instrumental in identifying three rice varieties with
low glycemic index - Lalat (GIS.17), BPT 5204 (GIQ.42) and Sampada (GIQ) for
the first time in India is now initiating a series of fool-proof measures which
may in the near future ensure consumers the original variety and farmers the
best price.
Dr Ravindra Babu, Director, IIRR informed The
Hans India that the Institute was entering into a tripartite agreement with
ANGRAU and the millers to ensure that consumers get the original varieties and
farmers the original seeds.
“The certification for these varieties will be
done by IIRR and the ANGRAU. We are also putting a cap on prices so that the
miller cannot sell at his own price. The IIRR has directed the millers to
supply only the pure varieties. We are also signing a MoU with the miller so
that we can identify the farmers who are supplying the low glycemic index rice.
The millers will be asked to come to the
location where this variety is being cultivated. The Institute has also
developed DNA markers for identification of low glycemic index rice. After
identifying the variety we are asking the millers to pay the farmers a higher
price,” he said adding that IIRR will on its part certify that the rice
procured by the miller is the genuine low glycemic variety.
The IIRR has also asked the miller to allot
exclusive mill for these low glycemic varieties so that there is no mixing with
other varieties. “Through these measures we can monitor the rice at every
stage, from the field to the packaging level. This will also ensure that
consumers get the original rice at the right price,” he said.
Low glycemic index variety is grown on a
cumulative 50 lakh acres in more than 10 states in India, including Andhra
Pradesh where the cropped area for this variety is around 2 lakh acres.
Presently, the output of this variety is 3,000 tonnes per hectare. Apart from
the domestic demand, low glycemic rice has substantial exports, next only to
basmati rice. There is a huge market for this variety, but the potential can be
tapped only by ensuring the original variety.
http://www.thehansindia.com/posts/index/Telangana/2016-12-15/Certification-for-low-glycemic-index-rice-soon/268811
Japan
rice exports soar to record year
December 15, 2016 3:50 am JST
But surging overseas sales don't
offset falling demand at home
TOKYO -- Japan's rice exports
through October have already surpassed its previous annual record, helped by
producers' marketing efforts and an Asian investment by a major distributor.
Export volume excluding rice for
humanitarian aid grew 33% on the year to 7,673 tons in January-October. Even
without the two last months of the year, that already exceeds 2015's record
7,640 tons.
In November, Yumepirika brand rice from Hokkaido debuted in
high-end supermarkets in Shanghai, a result of a sales campaign led by the
Japanese locality's governor, Harumi Takahashi. The rice distributor involved
in the deal, Kitoku Shinryo, aims to boost exports from the
current 1,000 or so tons per year to 3,000 tons around 2020.
Also promoting rice production in
Southeast Asia, Kitoku Shinryo recently invested in a Vietnamese food-related
company. It hopes to expand its planting acreage in hopes of setting up a
foothold in the country for rice milling and sales.
Consumers found Japanese rice tasty after milling was moved
closer to local markets, said Dennis Wu of Aji-No-Chinmi, a Hong Kong
trading house specializing in Japanese food. The popularity of Japanese rice
apparently started to grow around 2012, when agricultural machinery maker Kubotabegan building logistical networks to
mill rice in Hong Kong and Singapore.
Still, Japan's domestic demand,
which amounted to 7.66 million tons from July 2015 to June 2016, is falling by
80,000 tons a year -- and the record exports aren't close to offsetting the
drop. High prices are the main obstacle to more overseas sales. At stores in
Hong Kong, Japanese rice costs from 130 Hong Kong dollars to HK$140 ($16.7 to
$18) for 2kg-- triple or quadruple the price for Chinese rice, according to Wu.
But some are taking advantage of
the high prices. Rice milling machinery maker and retailer Toyo Rice began
selling the world's most expensive rice, certified by the Guinness World
Records. The product, an original blend of several varieties, is priced at
11,304 yen ($97.96) per kilo, about 30 times the cost of the commonly eaten
Koshihikari variety. The Guinness certification eliminates the need to explain
the high prices in selling the rice to wealthy consumers overseas.
Only 120kg of the luxurious
variety were made available in Hong Kong, and the rice apparently flew off the
shelves. There are plans to increase export volume of the elite product,
depending on next year's harvest.
(Nikkei)
http://asia.nikkei.com/Markets/Commodities/Japan-rice-exports-soar-to-record-year
Rice scrips gain
as China opens market
The share price of Kohinoor jumped 14.6% to Rs
72.85 while that of Chamanlal Setia rose by 6.1% to Rs 74.2
Shares of rice companies, led by Kohinoor
Foods, surged on Wednesday, after estimates of a sharp increase in basmati
export this year from the opening of Chinese markets. The share price of
Kohinoor jumped 14.6 per cent to Rs 72.85; that of Chamanlal Setia rose by 6.1
per cent to Rs 74.2. Leading branded basmati producer LT Foods rose 2.6 per
cent to Rs 282.3. Non-basmati producer Usher Agro saw a 4.7 per cent jump to Rs
13.3. “We would send our team soon to discuss the possibility of rice importers
in China. If possible, we would appoint local distributors ...
Business
Standard
Asia
rice-limited supply raises Vietnam prices; Thai, India down on thin demand
14 December, 2016
By My Pham, Patpicha
Tanakasempipat and Rajendra Jadhav
HANOI, Dec 14 (Reuters) - Rice export prices in India and Thailand dropped this week on thin demand while prices edged up in Vietnam on Philippines' purchase plan amid a slowing harvest, traders said on Wednesday.
HANOI, Dec 14 (Reuters) - Rice export prices in India and Thailand dropped this week on thin demand while prices edged up in Vietnam on Philippines' purchase plan amid a slowing harvest, traders said on Wednesday.
Vietnam's 5-percent broken rice
prices edged up to $338-$340 a tonne, FOB basis, from $335-$340 a week ago,
traders said. "Prices
recovered a little after Philippines' plan to buy rice from Vietnam," a
trader in Ho Chi Minh said. "Bad
weather also slowed down the harvest, which slightly tightened supply," he
added.
The Philippines' state grains agency approved permits for local rice traders to import 294,020 tonnes of the staple from Vietnam and 347,060 tonnes from Thailand, Pakistan and India.
Meanwhile, in India, the world's biggest rice exporter, 5-percent broken parboiled rice prices dropped $3 per tonne this week to $344 to $348 per tonne, free-on-board (FOB) basis, as demand remained weak and supply levels improved.
"Supplies from the summer-sown crop have been rising but demand is still weak," said an exporter based at Kakinada in southern Indian state of Andhra Pradesh. He said local prices could correct further in the coming weeks due to rising supplies, adding that they have to become competitive to secure new export orders. Supplies were affected in the last few weeks due to a currency crunch, but they are now rising in all key producing states, exporters said.
Trading of farm commodities such as cotton, rice and soybean was disrupted after Prime Minister Narendra Modi scrapped 500 rupee and 1,000 rupee bills to crack down on corruption last month. India's summer-sown rice output is seen at a record 93.88 million tonnes in the crop year to June 2017, 2.81 percent higher than last year, as plentiful monsoon rains help boost yields after back-to-back drought years, the farm ministry said.
Likewise, Thailand's benchmark 5-percent broken rice prices also edged down to $355-$360 a tonne on Wednesday, FOB basis, from $360-$365 last week due to quiet market. "There's no buyers, so prices drop a little," a trader in Bangkok said. "But when an order comes in, prices will jump again," he added.
Thailand will be harvesting new supply in a month in the central region, which might affect prices, another said.
However, the Philippines' plan to import 284,780 tonnes of rice from Thailand will hold up prices, he added. (Reporting by My Pham in HANOI, Patpicha Tanakasempipat in BANGKOK and Rajendra Jadhav in MUMBAI, writing by My Pham, editing by David Evans) ((my.pham@tr.com; +844 3825 9623; Reuters Messaging: my.pham.thomsonreuters.com@reuters.net))
The Philippines' state grains agency approved permits for local rice traders to import 294,020 tonnes of the staple from Vietnam and 347,060 tonnes from Thailand, Pakistan and India.
Meanwhile, in India, the world's biggest rice exporter, 5-percent broken parboiled rice prices dropped $3 per tonne this week to $344 to $348 per tonne, free-on-board (FOB) basis, as demand remained weak and supply levels improved.
"Supplies from the summer-sown crop have been rising but demand is still weak," said an exporter based at Kakinada in southern Indian state of Andhra Pradesh. He said local prices could correct further in the coming weeks due to rising supplies, adding that they have to become competitive to secure new export orders. Supplies were affected in the last few weeks due to a currency crunch, but they are now rising in all key producing states, exporters said.
Trading of farm commodities such as cotton, rice and soybean was disrupted after Prime Minister Narendra Modi scrapped 500 rupee and 1,000 rupee bills to crack down on corruption last month. India's summer-sown rice output is seen at a record 93.88 million tonnes in the crop year to June 2017, 2.81 percent higher than last year, as plentiful monsoon rains help boost yields after back-to-back drought years, the farm ministry said.
Likewise, Thailand's benchmark 5-percent broken rice prices also edged down to $355-$360 a tonne on Wednesday, FOB basis, from $360-$365 last week due to quiet market. "There's no buyers, so prices drop a little," a trader in Bangkok said. "But when an order comes in, prices will jump again," he added.
Thailand will be harvesting new supply in a month in the central region, which might affect prices, another said.
However, the Philippines' plan to import 284,780 tonnes of rice from Thailand will hold up prices, he added. (Reporting by My Pham in HANOI, Patpicha Tanakasempipat in BANGKOK and Rajendra Jadhav in MUMBAI, writing by My Pham, editing by David Evans) ((my.pham@tr.com; +844 3825 9623; Reuters Messaging: my.pham.thomsonreuters.com@reuters.net))
Rice inventory
up 6.28% in November–PSA
Of the rice inventory as of
November 1, the PSA said 50.80 percent were with the households, 32.67 percent
in commercial warehouses and 16.53 percent in NFA depositories. The majority,
or 79.56 percent, of NFA stocks consisted of imported rice.PSA data showed that
NFA stocks during the period reached 545,990 MT, while commercial warehouses
accounted for 1.078 MMT. Rice in households reached 1.677 MMT.
“Year-on-year, rice stocks in the
households and in commercial warehouses grew by 10.59 percent and 22.30
percent, respectively. However, stocks in NFA depositories dropped by 22.92
percent,” the report read.
On a monthly basis, rice stocks in households and commercial
warehouses were higher compared with those in October. The PSA said stocks in
the households expanded 69.32 percent, while commercial warehouses grew by
36.92 percent. Stocks in NFA depositories decreased by 7.49 percent.
The PSA data also showed that the
country’s corn inventory in November reached 604,790 MT, more than double, or
102.84 percent higher, than the 298,160 MT recorded a year ago. The November
corn-stock inventory is 11.21 percent higher than the October inventory level
of 543,850 MT.“Compared with last year, corn stocks in the households and in
commercial warehouses increased by 69.65 percent and 122.47 percent,
respectively. On the other hand, stocks in NFA depositories decreased by 34.77
percent,” the report read.
The PSA said 69.73 percent of
total corn-stock inventory in November were in commercial warehouses, while
30.15 percent were held by households. Corn in commercial warehouses reached
421,730 MT, stocks in households accounted for 182,330 MT of the total
inventory, while corn stored in NFA warehouses amounted to only 730 MT.
“Compared with last month, stocks
in commercial warehouses and in NFA depositories grew by 69.41 percent and
190.40 percent, respectively. However, stocks in the households dropped by
38.12 percent,” the PSA said
Rice industry should reduce
output, increase quality: deputy minister
Deputy Minister of Industry and Trade Tran Quoc
Khanh said that four million ton rice export a year with high prices would be
better than low price export of 6-7 million tons, at a workshop in HCMC on
December 13.He said that rice production thought need be changed by improving
quality instead of running after quantity. Farmers just cultivate two instead
of 3-4 crops a year.Formerly, chairman of the Vietnam Food Association Huynh
The Nang said that the world market has been on the trend of high quality rice
and competitive prices as the number of supply countries has been increasing.Meantime,
import countries such as the Philippines, Malaysia and China have trended
towards developing domestic production and cutting import output.Vietnam’s rice
export value has reduced for five years in a row since 2012 although volume saw
year on year increase in 2012 and 2015. Therefore, output should reduce to 3-4
million tons a year by 2020 and 2-3 million tons after 2020.
Rice bags are transported on board for export
in the Mekong Delta (Photo: SGGP)
Market for milled rice considered
14 Dec 2016 at 07:49 NEWSPAPER SECTION:
A farmer sells rice at Or Tor Kor Market, a space
offered to growers for selling the grain directly to customers. The government
is considering developing a central market as a distribution channel for
farmers and traders. WICHAN CHAROENKIATPAKUL
The government is considering setting up a
central market for milled rice as another distribution channel for rice traders
and farmers.Commerce Minister Apiradi Tantraporn said the country has no
central market for trading milled rice despite the fact that Thailand is a leading
producer and exporter, averaging 20 million tonnes of milled rice a year.She
noted the example of the Sanyanqiao Grain and Oil Wholesale Market, a
large-scale central market for cereals in Guangdong province, China, operated
by the Guangtie Sanyanqiao Grain Goods Yard.
The Guangdong market spans 100,000 square metres,
handling trading services for 2.5 million tonnes of cereals a year.Mrs Apiradi
said the Commerce Ministry would soon invite all related stakeholders including
exporters, millers, farmers and state officials to discuss the possibility of
setting up such a central market for milled rice in Thailand.If the idea is
received positively, she said the ministry would further pursue an investment
format, management structure, a proper location, logistics development and a
payment system."We hope the new central market for milled rice will enable
exporters, millers and farmers to directly meet with potential buyers,"
said Mrs Apiradi. "The central market will also require rice quality
inspection, helping ensure transparency in trading."
Currently, Thailand only has a central market for
rice paddy.Mrs Apiradi said the presence of a central market for milled rice
will further help strengthen the local economy as ambitiously planned by the
government.The cabinet last week gave the nod to the Budget Bureau's proposal
to earmark additional mid-year funds for fiscal 2017 worth 190 billion baht.According
to Budget Bureau director-general Somsak Chotratanasiri, of the total
additional mid-year budget, 27 billion baht will be funded through taxes and
other state income, while the remaining 162 billion will be generated through
borrowing, whereby the Finance Ministry will issue savings bonds.The proceeds
from the government bonds will be earmarked for provincial development and to
stimulate the economy in local communities.
Some 100 billion baht will be allocated for local development in 18 clusters
of provinces, while the rest will go towards Village Fund development.Around
500,000 baht per village is planned under the scheme.The proposal will be filed in January for vetting by the National Legislative Assembly.The commerce minister, who returned from China on Sunday, said Thailand aims to raise rice shipments to China by not less than 10% in the coming year.Last year, Thailand exported 931,447 tonnes of rice to China, up 27%, worth US$477 million (1.7 billion baht), up 19.4% year-on-year.For the first 10 months of this year, Thailand's rice exports to China totalled 640,856 tonnes, down 10.8%. Those exports were valued at $323 million, down 11.5% year-on-year.Thailand was the second-biggest rice exporter to China, trailing Vietnam.
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