Rice News Headlines...
· Senegalese government implements policies to curb rice imports
· Nagpur Foodgrain Prices Open-February 24,2017
· Trukai expanding investment in local rice production in PNG
· Rice worth $876.914mn exported in last 7 months
· USDA Outlook Forum Projects Lower Rice Plantings, Higher PLC
Payments in 2017
· WMP Subcommittee Closes Out Government Affairs Conference
· Arkansas Seed Growers Association celebrates 100-year anniversary
· Rice price rise fuels wheat import
News Detail...
Senegalese government implements policies to curb rice
imports
Rice is a staple dish in West Africa, and there are several
local varieties of it.
People however tend to prefer imported rice. Particularly in
Senegal. That country’s government is now implementing policies to boost local
rice production and consumption.Maria Galang reports.
Nagpur Foodgrain Prices Open-February 24,2017
Reuters | Updated: Feb 24, 2017, 01.25 PM IST
Nagpur Foodgrain Prices - APMC/Open Market-February 24 Nagpur,
Feb 24 (Reuters) - Gram and tuar prices suffered heavily in Nagpur Agriculture
Producing and Marketing Committee (APMC) auctions on lack of demand from local
millers amid good supply from producing belts. High moisture content arrival
and downward trend in Madhya Pradesh pulses also affected sentiment in weak
trading activity, according to sources. FOODGRAINS & PULSES GRAM * Desi
gram raw declined further in open market on poor demand from local traders amid
good supply from producing belts. TUAR * Tuar gavarani moved down in open
market here in absence of buyers amid increased arrival from producing regions.
* In Akola, Tuar New - 3,900-4,000, Tuar dal (clean) - 7,000-7,300, Udid Mogar
(clean) - 8,500-9,000, Moong Mogar (clean) 6,500-6,800, Gram - 4,700-4,800,
Gram Super best bold - 7,500-7,700 for 100 kg. * Wheat, rice and other
commodities moved in a narrow range in scattered deals, settled at last levels.
Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg
FOODGRAINS Available prices Previous close Gram Auction 4,050-4,650 4,100-4,730
Gram Pink Auction n.a. 2,100-2,600 Tuar Auction 3,800-4,260 4,000-4,300 Moong
Auction n.a. 6,400-6,600 Udid Auction n.a. 4,300-4,500 Masoor Auction n.a.
2,600-2,800 Gram Super Best Bold 7,500-8,000 7,500-8,000 Gram Super Best n.a.
n.a. Gram Medium Best 6,500-7,000 6,500-7,000 Gram Dal Medium n.a. n.a Gram
Mill Quality 5,900-6,200 5,900-6,200 Desi gram Raw 5,100-5,300 5,150-5,350 Gram
Yellow 8,000-8,500 8,000-8,500 Gram Kabuli 11,600-12,800 11,600-12,800 Tuar
Fataka Best-New 7,000-7,200 7,000-7,200 Tuar Fataka Medium-New 6,400-6,800
6,400-6,800 Tuar Dal Best Phod-New 6,000-6,200 6,000-6,200 Tuar Dal Medium
phod-New 5,500-5,800 5,500-5,800 Tuar Gavarani New 3,800-4,000 4,000-4,200 Tuar
Karnataka 4,300-4,500 4,300-4,500 Masoor dal best 5,600-6,000 5,600-6,000
Masoor dal medium 5,500-5,700 5,500-5,700 Masoor n.a. n.a. Moong Mogar bold
(New) 6,800-7,000 6,800-7,000 Moong Mogar Medium 6,000-6,500 6,000-6,500 Moong
dal Chilka 5,500-6,300 5,500-6,300 Moong Mill quality n.a. n.a. Moong Chamki
best 6,200-6,500 6,200-6,500 Udid Mogar best (100 INR/KG) (New) 8,500-9,500
8,500-9,500 Udid Mogar Medium (100 INR/KG) 7,300-7,900 7,300-7,900 Udid Dal
Black (100 INR/KG) 5,000-5,300 5,000-5,300 Batri dal (100 INR/KG) 5,200-5,600
5,200-5,600 Lakhodi dal (100 INR/kg) 3,650-3,850 3,650-3,850 Watana Dal (100
INR/KG) 3,000-3,100 3,000-3,100 Watana White (100 INR/KG) 3,200-3,400
3,200-3,400 Watana Green Best (100 INR/KG) 3,800-4,300 3,800-4,300 Wheat 308
(100 INR/KG) 2,000-2,100 2,000-2,100 Wheat Mill quality (100 INR/KG) 2,000-2,100
2,000-2,100 Wheat Filter (100 INR/KG) 2,100-2,300 2,100-2,300 Wheat Lokwan best
(100 INR/KG) 2,500-2,700 2,500-2,700 Wheat Lokwan medium (100 INR/KG)
2,200-2,500 2,200-2,500 Lokwan Hath Binar (100 INR/KG) n.a. n.a. MP Sharbati
Best (100 INR/KG) 3,600-4,200 3,600-4,200 MP Sharbati Medium (100 INR/KG)
2,700-3,200 2,700-3,200 Rice BPT best New(100 INR/KG) 2,700-3,200 2,700-3,200
Rice BPT medium (100 INR/KG) 2,200-2,400 2,200-2,400 Rice Luchai (100 INR/KG)
2,200-2,500 2,200-2,500 Rice Swarna best (100 INR/KG) 2,600-2,800 2,600-2,800
Rice Swarna medium (100 INR/KG) 2,400-2,500 2,400-2,500 Rice HMT best New (100
INR/KG) 3,500-4,000 3,500-4,000 Rice HMT medium (100 INR/KG) 2,900-3,100
2,900-3,100 Rice Shriram best New(100 INR/KG) 4,600-4,800 4,600-4,800 Rice Shriram
med New(100 INR/KG) 4,200-4,400 4,200-4,400 Rice Basmati best (100 INR/KG)
9,200-13,300 9,200-13,300 Rice Basmati Medium (100 INR/KG) 5,000-6,200
5,000-6,200 Rice Chinnor best New(100 INR/KG) 4,800-5,100 4,800-5,100 Rice
Chinnor med. New (100 INR/KG) 4,500-4,700 4,500-4,700 Jowar Gavarani (100
INR/KG) 2,000-2,300 2,000-2,300 Jowar CH-5 (100 INR/KG) 1,900-2,000 1,900-2,000
WEATHER (NAGPUR) Maximum temp. 35.9 degree Celsius, minimum temp. 15.5 degree
Celsius Rainfall : Nil FORECAST: Mainly clear sky. Maximum and minimum
temperature would be around and 35 and 16 degree Celsius respectively. Note:
n.a.--not available (For oils, transport costs are excluded from plant delivery
prices, but included in market prices) ATTN : Soyabean mandi, wholesale foodgrain
auctions of Nagpur APMC and oil market in Vidarbha will be closed tomorrow,
Saturday, on the occasion of Mahashivratri Parna.
Trukai expanding
investment in local rice production in PNG
This week Trukai
Industries Limited is purchasing agricultural equipment for the establishment
of the largest rice crop in PNG’s recent history. With the cooperation of the
Chingwam Rice Growers Cooperative, Trukai will be establishing a 500-hectare
rice plantation near Rangiampum initially for a rain fed crop to be established
in 2017.This is in addition to the existing 80-hectare site already producing
rice for the cooperative, under the management of Trukai’s rice development team.
This site will be progressively expanded possibly up to 1,500-2,000 hectares
over a number of seasons, although this will be subject to relevant agreements
and climatic and soil evaluations.
This exciting
step forward in domestic rice production comes ahead of further developments
Trukai management are hoping to discuss with government, following submissions
for large scale irrigated rice growing in a number of areas across PNG.
Proposals have
been submitted to the Departments of Agriculture and Livestock, and the
Department of Trade, Commerce and Investment, although responses from
government have yet to be forthcoming.
Trukai
Industries Limited’s CEO, Greg Worthington-Eyre said in a statement, “Trukai
stands ready to assist the government of PNG in its domestic rice development,
and this project with the Chingwam Cooperative is a major step forward in
laying the groundwork for other projects. Whilst we wait for the government to
respond to our proposals, we are simply getting on with it, and are very excited
about building a strong local rice industry.”
Mr.
Worthington-Eyre went on to add, “The establishment of the large scale site at
Rangiampum will be supplemented with a further 100-hectare site closer to our
Erap facility, where our rice seed generation plantation is being redeveloped.”
In April and May
this year, Trukai will be installing a hulling mill in Lae to facilitate the
processing of locally grown rice, and this represents a significant investment
and commitment for Trukai. The first rice to be processed at this mill will be
the rice from the Chingwam Cooperative.Mr. Worthington-Eyre concluded, “The
rice growing at Rangiampum is expected to be harvested in April this year, and
will be transported to Lae for milling and blending. Our rice, PNG’s favourite
brand since 1970 (before federation) will contain rice grown in PNG.This is
great news as not only will we be including locally grown rice in our products,
food security gets a major boost as well and, more importantly, this puts money
into the rural sector for use of land that would normally remain idle. The
income provided will assist the growers in many ways and this is of great
benefit to the local economy.”
Photo caption 2: Mr David Tima Trukai senior
operator (left) and Mr Michael Maran (CHINGWAM Cooperative chairman)
During the period from July-January, 2016-17 rice
exports reduced by 14.62 percent as compared to the same period of last
year.About 2.307 million tons of rice valuing $1027.52 million during seven
months of last financial year, according the data of Pakistan Bureau of
Statistics.During the period under review, about 234,337 metric tons of basmati
rice worth $208.177 million exported as compared to exports of 283,495 metric
tons valuing $281.911 million of same period last year.
Meanwhile, in last seven months about 1,844,048
metric tons of rice other then basmati rice exported and earned $670.737
million as compared to 2,023,778 metric tons valuing $785.141 million of same
period of last year.
On month on month basis, rice exports grew by 3.85
percent in month of January, 2017 as compared to exports of same period of last
year.
About 390,690 metric tons of rice worth $163.925
million exported in last month as against the exports of 346,691 metric tons
valuing $157.855 million of the corresponding month of last year.
In month of January, 2017 about 44,831 metric tons of
basmati rice valuing $35.531 million as compared to exports of 41,538 valuing
$33.215 million, which was up by 6.97 percent of same month of last year.
The export of rice other then basmati also grew by
3.1 percent in last month of current financial year as 345,859 metric tons of
others rice worth $128.394 million exported as compared the exports of 305,155
metric tons valuing $124.640 million of same month of last year.
It may be recalled that food group exports during
last 7 months reduce 9.28 percent and recorded at $2.23 billion as compared to
exports of 2.230 billion of same period of last year.
On the other hand food group imports into the country
increased by 11.69 percent and reached at $3.444 billion as compared to imports
of $3.83 billion of corresponding period of last year.
http://www.thejakartapost.com/news/2017/02/24/government-continues-to-buy-paddy-grain-from-farmers-to-stabilize-prices.html
USDA
Outlook Forum Projects Lower Rice Plantings, Higher PLC Payments in 2017
|
ARLINGTON, VA -- The U.S. Department of Agriculture
(USDA) kicked off their two-day annual Agricultural Outlook Forum here
yesterday with highlights from industry experts and keynotes from House Ag
Committee Chairman Mike Conaway (R-TX) and Iowa's Governor, Terry Branstad.
One of the largest draws of the Forum are the economic projections for the U.S. agriculture industry provided by USDA's Chief Economist Robert Johansson. Johansson shared that soybean acreage is expected to grow by about 5 million acres this year while corn drops about 4 million acres. Prices are sharply favorable to soybeans right now, likely causing the shift in production. Wheat production is expected to drop by 8.3 percent and cotton is expected to grow by 14.2 percent. Rice projections by USDA take one of the most significant cuts at 17.4 percent, down to 2.6 million acres. The overall farm economy is expected to stay rather stagnant, the debt-to-asset ratio for farmers is projected to average 13.9 percent. This ratio hit its historic high at 22.2 percent in 1985, "To reach that point today would still take a dramatic increase in debt payments or a loss in farmland value of more than 50 percent," Johansson said. There was some lightness in Johansson's remarks. "Farm programs are working as designed. Given the rapid decline in agricultural sector profitability since 2013, we have seen farm programs providing a safety net to many producers. Those programs have helped farmers adjust to lower commodity prices," he said. "PLC payments have totaled $1.9 billion for crop year 2015, with the largest shares going to rice, peanuts, and wheat base." "We're obviously not in a good place with regard to low rice prices and the corresponding lower plantings as projected by USDA," said USA Rice Vice President of Government Affairs Ben Mosely. "But overall, PLC has been working well for long grain rice growers and USDA agrees." The U.S. Congressional Budget Office projections anticipate PLC's 2016 crop year payments, to be made in November, to total $3.5 billion.
WMP
Subcommittee Closes Out Government Affairs Conference
|
|
WASHINGTON, DC -- USA Rice's World Market Price
Subcommittee met on February 16, marking the unofficial last meeting of the
2017 Government Affairs Conference. "We meet in Washington, DC
three times a year, and our February session benefits from several previous
days of meetings with congressional and administration officials," said
Subcommittee Chairman Keith Glover of Producers' Rice Mill in Stuttgart,
Arkansas. "We also welcome the newly graduated Leadership Class so
they can see first-hand the work of the Subcommittee and all segments of USA
Rice's membership."
Members discussed estimates for the 2017 rice crop in anticipation of the U.S. Department of Agriculture's Prospective Plantings Report to be issued at the end of March. Area this year could fall as much as 15 percent from 2016's 3.15 million acres given current prices of rice and competing crops. The Subcommittee focused discussions with USDA's National Agricultural Statistics Service on reporting of monthly rough rice prices. "Reporting of average cash prices by NASS is very important to our industry, and we continue to work with the agency and our members to get this right," said Glover. Representatives from the Foreign Agricultural Service (FAS) reported on favorable developments in USA Rice's long-running efforts to have fortified rice included in U.S. food aid programs and to have private food aid organizations request fortified rice in U.S. donations. "We met earlier this week with administration officials and representatives of the World Food Programme and we're getting very close to the door opening wide for U.S. fortified rice in food aid," reported USA Rice President & CEO Betsy Ward. FAS officials also noted the discrepancy in figures for rice exports to Mexico as reported by the Bureau of the Census, the U.S. government's official source for trade data, and figures as reported in USDA's weekly Export Sales report. Export numbers to Mexico as carried in Export Sales consistently lag those reported by Census, and all industry participants were encouraged to improve exporting reporting to USDA in line with regulatory requirements. The Subcommittee will next meet in May in Washington, DC. |
Arkansas Seed
Growers Association celebrates 100-year anniversary
Scooter Hodges, president of the Arkansas Seed Growers
Association, talks about major anniversary milestone
Rice price rise fuels wheat import
Soaring
rice prices and lesser official stock of the main staple are forcing the
country to raise dependence on wheat imports, which in turn is heightening
pressures on its foreign-currency coffers, sources said.
People
familiar with food-grain imports told the FE that the import of wheat is set to
hit a record high this year, while the volume had stood over 4.0 million tonnes
in seven months to last January.
The
import costs were worth US$ 784 million for July-December 2016--up by $138
million from a year before.Bangladesh earlier usually had to import on average
3.0 million tonnes of wheat alongside a small amount of rice annually until the
fiscal year 2014, but over the past two years it ranged around 5.0 million
tonnes on average. Importers hinted
that private sector would import much higher this year as the demand for wheat
is on the rise in the country.
Growing
change of food habit is also believed to be one of the key reasons for such
higher demand for wheat. Besides, fast urbanisation and some 300,000 people, on
average, joining the population each year are pushing up its demand.
Officials
at the directorate-general of food told the FE that importers are cashing in on
lowest-ever prices on the international market while catering a growing demand
for wheat in the country.They also expressed the fear that the prices of wheat
may rise on the back of rising trend in fuel prices.
Fuel
prices impact the production of wheat globally and many then opt for biofuels.
Biofuel is a fuel that is produced through contemporary biological processes,
such as agriculture and anaerobic digestion, rather than a fuel produced by
geological processes such as those involved in the formation of fossil fuels,
such as coal and petroleum.
Acting
director-general of food Md Badrul Hasan told the FE that the fear of
price-hike of the cereal is one of the key reasons fuelling such a surge in
import.
He
said importers also stored low-priced wheat bought in from the international
market.The price of wheat is believed to be the lowest in a decade with
low-grade rate standing around $185 a tonne. And the rate of high-quality
wheat, which comes from North American countries, stood over $250 a tonne.
Earlier, super-quality wheat used to sell at around $500 and low-grade around
$300 a tonne.The import price of wheat now is around Tk 17 a kilogram (kg). On
the other hand, rice import costs more than Tk 36 a kg.
People
familiar with the developments on the food front told the FE that more than 5.0
million tonnes of wheat was imported in 2016 and this year the volume is
expected to cross the mark. Abul Bashar, chairman at Masud and Brothers trading
house at Khatoonganj in the port city of Chittagong, said: "We believe
that rice and wheat are close substitutes, and if the prices of rice remain
high, then the demand for wheat will surge."
"The
demand was once around 10 per cent and now it's almost double at 20 per cent on
a year-on-year basis," he told the FE.The businessman said the total
imports are meant for consumption, excepting a meagre amount that goes for
making poultry feed.On the other hand, local production of wheat remained
static for long at 1.2 million tonnes as wheat farming relies heavily on
sufficient low temperatures that the country lacks.
Wheat
stocks are also falling. In order to protect food security and sustain the
price-support programme, the government-owned DG Food buys and stores a lot of
country's wheat crops and rice. But the total amount held by the directorate
has fallen in recent times.
And
the official stock was 0.94 million as against 1.55 million in July-January
period.Of the stock, there are only 200,000 tonnes of wheat and the remainder
is rice.People at the DG Food told the FE that the stock should stand at
1.0million tonnes.
jasimharoon@yahoo.com
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