Wednesday, August 10, 2016

10th august,2016 daily global,regional and local rice e-newsletter by riceplus magazine



rice exports witness decrease by 8.60pc in FY2015-16

-

Karachi—Pakistan’s rice exports have been falling in recent years, mainly due to higher prices, energy crisis, poor quality seeds, low yield and persistently lower commodity prices in global markets. The fall has a bearing on the country’s economy for rice is the second main earner of foreign exchange for the country after textiles. However, the office of Global Analysis of USDA has raised Pakistan’s exports forecast by 0.1m tonnes to 4.5m tonnes on a stronger pace of trade. In the just-ended fiscal year of 2015-16, rice exports witnessed a decrease of 8.60pc. The country earned $1.86bn from these exports during the year compared to $2.04b earned in the fiscal year 2014-15. Besides, 503,037 metric tonnes of basmati worth $455.25m was exported as compared to 523,450 tonnes a year ago, valuing $601.27m.

Meanwhile, for 2016-17, USDA Grain Report forecasts global production at a new record, primarily due to a larger crop in the United States, while global trade is forecast lower, with reduced imports and consumption in Bangladesh, Iran, and Nigeria. USDA expects about 20pc larger purchases by Saudi Arabia and Azerbaijan from Pakistan. Saudi Arabia would in fact import about 1.6m tonnes of rice during the period. The USDA maintains Pakistan’s rice export quotes at $410/tonne. The Rice Exporters Association of Pakistan (REAP) in a recent meeting with officials of the ministry of national food security and research in Islamabad pleaded for measures to either reduce the cost of production or introduce high-quality seeds to increase productivity. The ministry asked the chief secretaries of the provinces to take appropriate measures to facilitate growers in lowering the cost.

While looking into the reasons for decline in exports, the fact remains that high production cost of rice is hampering its sales in the international market. Exporters are finding it difficult to sell the commodity because of sluggish demand and comparatively higher price. The price of Pakistani rice is higher than the paddy produced by India and other regional countries. The price of Pakistani basmati is higher by at least $100 to $150 compared to Indian basmati, and, hence, selling it is a big challenge.

Since 1997, no new basmati seed has been introduced in the market and that’s the reason for the low yield per acre, which has pushed rice prices higher. India, on the contrary, has introduced five new seed varieties in the last 10 years and that has helped it in increasing yield. Another step the government could take is to subsidise rice exports so that the stock could be disposed of, Malik Jahangir, a REAP official suggested. “If we fail to export the existing stock, then next year farmers will not grow the grain.” The association also wrote to the Rice Research Centre, Kala Shah Kaku Lahore, but received no appropriate response.

An office-bearer of the Pakistan Rice Growers Association says hybrid varieties are becoming popular and being used in many areas, giving better results. Pakistan’s rice exports have crossed the 4.0m tonne mark in the past. If the country’s production during the year 2016-17 reaches 7.0m tonnes, trade surplus will surely surge to 4.5m tonnes. But the problem arises from the lower prices being paid to growers, which are compelling them to shift to alternate crops. A number of rice growers in Sindh have already switched to sugarcane due to low rice prices. However, the hybrid seed, one of them say, can resolve the problem, for it produces higher yields on smaller land. China, being a big market, likes to use hybrid seeds for better results. However, there are concerns among Pakistani farmers and officials regarding effects of hybrid produce on both human beings and the soil. Although the United States produces less than 2pc of the world’s rice, it is a major exporter, accounting for more than 10pc of the global rice trade per annum.—Agencies
http://pakobserver.net/2016/08/09/rice-exports-witness-decrease-by-8-60pc-in-fy2015-16/




Calling All #ThinkRice Images 

ARLINGTON, VA -- With harvest well underway in some rice states and quickly approaching in others, USA Rice is asking members to snap a picture of what's happening on their farms and post it on their social media channels with the hashtag #ThinkRice.  These images will be entered into a September National Rice Month contest hosted by USA Rice that will run from now until October 1.

These next couple of months are busy ones for the U.S. rice industry, but most consumers are unaware of what's happening around the country to prepare the food they will eat later. The purpose of this photo contest is to bridge the gap between farmers and consumers and help the public to think of rice before they see it on supermarket shelves - so the next time they think rice, they also think of the men and women who work hard year-round to produce rice right here in the United States.

Even though harvest is on everyone's minds at the moment, photo entries are not limited to this phase of rice production.  Members can also post images that were taken earlier this year during any stage of the production process, wildlife on the rice farm, family farming photos, milling operations, etc.  Multiple entries are accepted as long as they all contain the hashtag #ThinkRice.

USA Rice will compile these pictures and post them on the official USA Rice Facebook page and ask the public to "like" their favorite rice photo.  The person who submitted the image with the most "likes" will win a free registration to the 2016 USA Rice Outlook Conference in Memphis December 7-9, 2016.  Rice "swag bag" prizes will also be awarded for other outstanding entries.

Members can post their photos with the hashtag #ThinkRice on Twitter, Facebook, or Instagram.  Not active on social media?  You can still enter to win:  email a favorite photo you've taken to cklem@usarice.com





Crop Progress:  2016 Crop 86 Percent Headed 

WASHINGTON, DC -- Eighty-six percent of the nation's 2016 rice acreage is headed, according to yesterday's U.S. Department of Agriculture's Crop Progress Report.  Sixty-six percent of the 2016 crop is in good to excellent condition.  Harvest has begun in Louisiana and Texas with nine percent of the 2016 harvested. 

Gov’t charged to ensure imported rice meet standard

The nightmare of the local producers is that the opened entry points could be used to smuggle in rice, which could further hurt local rice on the market.
  • Published:

The chairman of the Ghana Rice Inter-Professional Body (GRIB) Harold Ntorenkansah has charged the government to ensure that the right standards of rice are brought on to the market.

His comments follow the lifting of the ban on rice import into the country by the Trade and Industry Ministry.
“It is very important we [Ghana] go back to the root and check the standards,” told Citi FM. “The problem that we have now is because anything at all comes onto the market as rice whether imported or locally produced."
The decision to lift the ban on rice importation has been condemned by local rice farmers as counterproductive.
They fear it could render the local rice uncompetitive on the market since most Ghanaians prefer foreign rice to local ones.
The nightmare of the local producers is that the opened entry points could be used to smuggle in rice, which could further hurt local rice on the market.

However, the head of tax advisory unit at the Trade and Industry Ministry, Lawrence Osei Boateng, says the ministry is teaming up with the security services to check the menace of smuggling.

He adds that small-scale rice importance has assured the ministry that they will do clean business.
"Mind you, it is only three land borders that we have opened. These land borders we are sure that we have the cooperation of the security services, especially the National Security, Customs in this regard and we, are re-resourcing them to be able to check the menace of smuggling, the menace of under invoicing and we have also met with the small scale importers of rice and we have the surety that they will do genuine business," Mr Boateng said.
http://pulse.com.gh/agriculture/rice-importation-gov-t-charged-to-ensure-imported-rice-meet-standard-id5359845.html


NFA may allow private traders to import rice
August 9, 2016 10:52 pm
by JAMES KONSTANTIN GALVEZ
THE Philippine government is studying the possibility of opening to the pri-vate sector its standby authority on rice importation, the state-run National Food Authority (NFA) said on Tuesday.
In a telephone interview, NFA Spokesperson Angel Imperial said the interagency NFA Council has forwarded to the Office of the President the recommendation to import 250,000 metric tons of rice to ensure a stable supply.
The volume was part of the 500,000 standby authority approved by the previous administration on expectations that local palay production will fall short of target due to the El NiƱo.
“We have to bring in the rice in tranches so as not to affect prices of palay during the wet harvest season,” Imperial said, noting that the arrival of the shipment would depend on the requirement.
Traditionally, the lean season starts in July and ends in September. It is also the time when the government imports rice to help stabilize prices in retail markets.
However, due to an oversupply of the grains in government and private warehouses, the NFA has deferred rice importation. It is the first time in decades that the Philippines has not imported rice during the lean months.
Other possible schemes being considered for the first round of importation under the Duterte administration is a private sector-led importation out of the standby authority and a government-to-government bidding for the minimum access volume (MAV), Imperial said.
MAV is the minimum volume of farm produce allowed to enter the Philippines at a reduced tariff of 35 percent, while shipments outside MAV pay a higher rate of 40 percent and would need an NFA approval.
The government more than doubled the volume of rice from 350,000 MT to 805,200 MT allowed to enter the country as part of trade concessions at the World Trade Organization in exchange for extending the quantitative restriction on rice.
Of the total volume, some 755,000MT will be country-specific- quota (with Vietnam and Thailand getting the bulk), while the remaining 50,000 MT is omnibus volume and can be sourced anywhere.
Manila historically allows private sector importation under CSQ.
An industry source, however, said this may not be the case under the Duterte administration, noting that government-controlled warehouses are well stocked.
“We may see more private sector importation this year, since NFA warehouses are overloaded with imported rice from last year,” the source said, adding that the grains agency is having difficulty disposing old stocks.
http://www.manilatimes.net/nfa-may-allow-private-traders-to-import-rice/278925/



http://www.appeal-democrat.com/news/rice-field-day-expects-growers-from-around-the-state/article_7f6ca7c0-5dca-11e6-9def-d7f5438bc2f5.html


APEDA AgriExchange Newsletter - Volume 1533

Market Watch
Commodity-wise, Market-wise Daily Price on 06-08-2016
Domestic Prices
Unit Price : Rs per Qty
Product
Market Center
Variety
Min Price
Max Price
Maize
1
Bayad (Gujarat)
Other
1500
1750
2
Shimoga (Karnataka)
Local
1816
1860
3
Barshi (Maharashtra)
Other
1750
1900
Paddy(Dhan)
1
Kasargod (Kerala)
Other
1500
1600
2
Bichhiya (Madhya Pradesh)
Other
1475
1475
3
Jajpur (Orissa)
Other
1410
1500
Papaya
1
Jagraon (Punjab)
Other
2000
2500
2
Pilibhit (Uttar Pradesh)
Other
1230
1270
3
Ahmedabad (Gujarat)
Other
900
1000
Onion
1
Harippad (Kerala)
Other
1500
2500
2
Jatni (Orissa)
Other
1350
1550
3
Nadia (West Bengal)
Other
1200
1400

 

RiceBran Technologies to Host Second Quarter 2016 Financial Results Conference Call on August 11th at 4:30 PM EDT

Aug 09, 2016, 08:30 ET from RiceBran Technologies

SCOTTSDALE, Arizona, August 9, 2016 /PRNewswire/ --
RiceBran Technologies (NASDAQ: RIBT and RIBTW) (the "Company" or "RBT"), a global leader in the production and marketing of value added products derived from rice bran, today announced that W. John Short, Chief Executive Officer & President of RBT, will host a conference call on Thursday, August 11th at 4:30 p.m. EDT to discuss the Company's financial results for the second quarter ended June 30, 2016.
Also joining the call from management will be Dale Belt - Chief Financial Officer, Dr. Robert Smith - Chief Operating Officer, and Michael Goose - President - USA Segment Ingredient Sales.
The call information is as follows:
  • Date: August 11, 2016 
  • Time: 4:30 p.m. Eastern Daylight Savings Time 
  • Direct Dial-in number for US/Canada: (201) 493-6780 
  • Toll Free Dial-in number for US/Canada: (877) 407-3982 
  • Dial-In number for international callers: (201) 493-6780 
  • Participants will ask for the RiceBran Technologies Q2 2016 Financial Results Call 
This call is being webcast by ViaVid and can be accessed at  http://public.viavid.com/index.php?id=120780 .
The call will also be available for replay by accessing http://public.viavid.com/index.php?id=120780.
About RiceBran Technologies 
RiceBran Technologies is a human food ingredient and functional food company focused on the procurement, bio-refining and marketing of numerous products derived from rice bran. RiceBran Technologies has proprietary and patented intellectual property that allows us to convert rice bran, one of the world's most underutilized food sources, into a number of highly nutritious human food ingredient and animal nutrition products. Our target markets are human food ingredients and animal nutrition manufacturers and retailers, as well as natural food, functional food and nutraceutical supplement manufacturers and retailers, both domestically and internationally. More information can be found in our filings with the SEC and by visiting our website at http://www.ricebrantech.com.
Investor Contact:
Ascendant Partners, LLC
Fred Sommer
+1-732-410-9810
fred@ascendantpartnersllc.com
SOURCE RiceBran Technologies

http://www.prnewswire.com/news-releases/ricebran-technologies-to-host-second-quarter-2016-financial-results-conference-call-on-august-11th-at-430-pm-edt-589589141.html

2016 Rice Field Day expects growers from around the state

Mon Aug 08, 2016

Growers from around the state are gearing up for the annual California Rice Field Day in Biggs to see the latest research and findings regarding the commodity.

Scheduled for 8:30 a.m.-12 p.m. Aug. 31, those in attendance will receive an update on research findings from this past year, be briefed on ways to protect the crop from weeds and insects and take a tour around the facility to see how different rice varieties have been growing this season.

Industry leaders will be honored during the award ceremony portion of the event. Scholarships for graduate students will also be presented.

Sponsored by the California Cooperative Rice Research Foundation and the University of California, the event is held at the Rice Experiment Station in Biggs that has been around since 1912.

"We are a breeding station where growers fund us to breed all the different varieties," said Kent McKenzie, director and plant breeder for the experiment station. "We come up with improved rice varieties that grow better in different places around the state."

In total, the station has 18 different varieties, with 90 percent of the rice grown around the state coming from the breeding facility, McKenzie said.

The station is funded entirely by rice growers around the state to experiment and develop research to optimize the commodity's growth and yield. Growers statewide pay into a fund which then pays for RES to experiment.

Essentially, the annual event is to show growers how their money is being spent.

"The event is for growers and anybody working in the rice industry in California," said Whitney Brim-Deforest, UC farm adviser. "A lot of students go from Davis, Chico State and Butte College as well. The focus is to know what's happening and know the latest research on rice in California."

McKenzie said he plans on addressing a couple of issues seen in the industry this year, the biggest being the emergence of red rice — a "wheaty" form of rice — which he said has become more of a problem recently.

He also plans on releasing information on new varieties of rice RES has developed or has been working on. The last announced variation was long grain rice.

The 2016 California Rice Field Day is free and open to the public. Registration for the event begins at 7:30 a.m. on Aug. 31. Brim-Deforest said past events have seen up to 500 people attend. 
Following the event, lunch will be served to guests. McKenzie said the meal is rice-based and will involve sushi.

Source: http://www.appeal-democrat.com/news/rice-field-day-expects-growers-from-around-the-state/article_7f6ca7c0-5dca-11e6-9def-d7f5438bc2f5.html

PH plans to import 250,000 tons rice for delivery within Q3

by Reuters
August 9, 2016
Share540 Tweet0 Share0 Email0 Share607
Rice inside an NFA warehouse / Manila Bulletin file photo
The Philippines, one of the world’s biggest rice importers, plans to buy 250,000 tons of the food staple from either Vietnam, Thailand or Cambodia, as it seeks to maintain a comfortable reserve ahead of the typhoon season.
The chairman of the National Food Authority (NFA) Council, Leoncio Evasco, has endorsed the purchase plan to President Rodrigo Duterte for final approval, Angel Imperial, spokesman of the state grains procurement agency NFA told Reuters.
It will be the first rice import deal for the six-week-old administration, which has vowed to make the Philippines self sufficient in rice production within its six-year term.
Fresh purchases by the Philippines, which is returning to the market for the first time in more than six months, could underpin Asian rice export prices, which have fallen in recent weeks amid low demand.
Imperial said the imports will boost NFA’s buffer stocks during the current lean harvest season that began in July. Thailand is entering the typhoon season, which can disrupt production.
NFA’s stocks were good for 25 days of national demand as of July 31, Imperial said, below the 30-day minimum requirement during the lean season.
A government source said the imports will be undertaken via a government-to-government deal, with rice suppliers Vietnam, Thailand and Cambodia qualified to make an offer, and delivery expected to be completed within the third quarter.
“Reserves level (at NFA’s warehouses) remains ample but this quarter is seasonally lean months. Farmers are (still) planting,” the source said.
Overall rice stocks in the Philippines this year have been bolstered by a series of purchases by the previous administration made to offset crop losses from the El Nino dry weather phenomenon that ended recently.
Those imports include some 500,000 tons the NFA bought from Vietnam and Thailand last year and which arrived in the first quarte

Read more at http://www.mb.com.ph/ph-plans-to-import-250000-tons-rice-for-delivery-within-q3/#5u3MCSfwXHl5cEWc.99

http://www.mb.com.ph/ph-plans-to-import-250000-tons-rice-for-delivery-within-q3/

Arkansas Farm Bureau Daily Commodity Report

A comprehensive daily commodity market report for Arkansas agricultural commodities with cash markets, futures and insightful analysis and commentary from Arkansas Farm Bureau commodity analysts.
Noteworthy benchmark price levels of interest to farmers and ranchers, as well as long-term commodity market trends which are developing. Daily fundamental market influences and technical factors are noted and discussed.
Soybeans

High
Low
Cash Bids
1042
939
New Crop
1007
930


Riceland Foods


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


Futures:




High
Low
Last
Change





Aug '16
1018.00
1006.25
1018.75
+15.00
Sep '16
1002.25
987.75
1001.25
+13.25
Nov '16
989.00
970.50
985.00
+10.50
Jan '17
988.50
970.75
984.75
+10.25
Mar '17
978.50
964.25
976.00
+10.25
May '17
975.50
963.50
974.75
+10.25
Jul '17
980.00
965.75
976.75
+9.75
Aug '17
969.25
968.25
970.25
+9.25
Sep '17
949.50
945.00
949.00
+6.50

Soybean Comment

Soybeans closed higher today as export demand remains firm. Another export sale announcement today continues the string of sales and continues to help,support soybeans despite expectations of a record crop. Today's gains along with a good basis, have cash prices on the MS river back above $10. Soybeans much like other markets, are reliant on continued demand to keep prices support, if demand weakens prices could see significant declines given the expectations for a record crop this fall.



Wheat

High
Low
Cash Bids
406
361
New Crop
455
430


Futures:




High
Low
Last
Change





Sep '16
423.50
411.50
417.00
+1.00
Dec '16
444.00
433.50
438.75
+0.75
Mar '17
463.25
454.25
459.75
0.00
May '17
473.75
466.00
471.50
-1.00
Jul '17
480.75
473.00
478.50
-1.25
Sep '17
494.50
487.25
493.25
-1.00
Dec '17
514.25
507.00
514.75
-1.00
Mar '18
523.00
523.00
529.00
-1.25
May '18


534.25
0.00

Wheat Comment

Wheat saw marginal gains however, the weak basis has cash prices near $4. Wheat continues to feel the pressure of large supplies and weakness in outside markets. Wheat needs additional demand to keep futures from retreating back to lows near $4.



Grain Sorghum

High
Low
Cash Bids
324
224
New Crop
309
224




Corn

High
Low
Cash Bids
348
286
New Crop
349
286


Futures:




High
Low
Last
Change





Sep '16
328.00
322.50
325.25
+1.00
Dec '16
337.00
331.50
334.75
+0.50
Mar '17
346.75
341.50
345.00
+0.50
May '17
353.25
348.25
351.75
+0.50
Jul '17
359.75
355.00
358.25
+0.25
Sep '17
366.00
361.50
365.25
+0.75
Dec '17
373.75
369.25
373.00
+0.75
Mar '18
382.00
379.25
382.50
+0.50
May '18


387.75
+0.75

Corn Comment

Corn prices closed with modest gains today after the market traded in a narrow 5.5 cent range today. Corn continues to work to establish a bottom as crop conditions continue to point towards a record crop this year. While demand remains firm, supplies remain ahead of demand and stocks could top 2.5 billion bu. Corn needs demand to remain firm, if demand softens corn could dip to $3 or possibly less.



Cotton
Futures:




High
Low
Last
Change





Oct '16
65.33
64.6
65.33
0.71
Dec '16
65.1
64.34
65.07
0.9

Cotton Comment

Cotton prices turned lower after December found resistance at 78 cents on Friday’ spike high. Fresh Chinese demand combined with a deteriorating U.S. crop has helped boost cotton prices to their highest level in more than 2 years. These recent sharp increases have led to cotton being overbought and have set prices up for a correction.



Rice

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


Futures:




High
Low
Last
Change





Sep '16
972.5
933.0
966.0
+35.5
Nov '16
997.5
958.5
991.0
+34.5
Jan '17
994.5
985.0
1012.0
+35.0
Mar '17


1032.5
+35.0
May '17


1052.0
+35.0
Jul '17


1067.5
+35.0
Sep '17


1067.5
+35.0

Rice Comment

Rice prices recovered strongly today after falling to new lows, as we have taken over a dollar off the market over the last three weeks. Softening global rice prices combined with weaker exports continue to weigh on rice prices. Rice needs to see demand develop to help ease pressure from the large crop that will be harvested in just a few weeks.



Cattle
Futures:

Live Cattle:




High
Low
Last
Change





Aug '16
117.750
116.875
116.925
-0.750
Oct '16
115.900
114.550
114.650
-0.875
Dec '16
116.250
115.100
115.425
-0.250
Feb '17
115.500
114.725
115.150
+0.200
Apr '17
114.250
113.225
114.150
+0.700
Jun '17
107.575
107.000
107.425
+0.300
Aug '17
105.875
105.350
105.775
+0.300

Feeders:




High
Low
Last
Change





Aug '16
150.850
148.600
149.125
-0.525
Sep '16
148.725
146.650
147.200
0.000
Oct '16
145.375
143.775
144.300
+0.425
Nov '16
141.950
140.200
141.325
+0.600
Jan '17
137.925
136.325
137.750
+0.650
Mar '17
136.000
134.525
135.975
+0.675
Apr '17
135.775
134.875
135.700
+0.625
May '17
134.900
134.275
134.900
+0.425

Cattle Comment

Cattle prices started the week out in negative territory after failing near resistance early in the day. Weak beef prices and margins remains a drag on prices after prices have rallied sharply over the last few weeks.



Hogs
Futures:




High
Low
Last
Change





Aug '16
67.700
66.950
67.100
-0.350
Oct '16
60.200
58.150
58.850
+0.550
Dec '16
55.700
53.825
54.725
+0.650
Feb '17
60.525
58.825
59.700
+0.650
Apr '17
66.025
64.600
65.500
+0.475
May '17
71.575
71.575
71.575
+0.850
Jun '17
76.325
74.875
75.575
+0.250
Jul '17
75.500
74.500
74.500
-0.175
Aug '17
74.150
73.625
73.625
-0.025

http://www.arfb.com/ag-markets-statistics/report/