Wednesday, February 03, 2016

2nd February 2016 Daily Global Rice E-Newsletter by Riceplus Magazine-Latest Rice News Updates

·         TCP scraps rice tender

·         Pakistan has sent a ship to Cuba today carrying 15000 thousand tons of rice to help Cuba

·         Protect rice diversity before it is too late

·         Vietnam hopeful about rice export in 2016

·         El NiƱo to damage P21.8 billion worth of crops in first-half 2016

·         Irrigation chief says drought worst in 22 years but there will be water for consumption

·         Nagpur Foodgrain Prices Open-Feb 02

·         Protect rice diversity before it is too late

·         Rice exports increase sharply in January

·         DPM Somkid and 6 ministers visit Oman and Iran

·         Local Rice Prices Climb Ahead of Chinese New Year

·         Rice Prices

·         02/02/2016 Farm Bureau Market Report

·         APEDA RICE COMMODITY NEWS

·         Slovak Oyster Supper -- Eat Good and Feel Good Doing It

·         Thru traffic again

·         Hoarding suspected as rice meant for PDS pile up with millers


News Detail...

TCP scraps rice tender

February 02, 2016
RECORDER REPORT
Following the directives of the federal government, the Trading Corporation of Pakistan (TCP) Monday announced that it has cancelled the rice procurement tender. Last week, the state-run grain trader invited fresh sealed bids (under Public Procurement Rules, 2004) from companies/partnership/sole proprietors dealing in export of rice for purchase of 15,000 tons long grain white rice (IRRI-6) on Cost and Free on Board (C&FoB) basis up to the port of Cotonou, Benin, packed in polypropylene (PP) woven bags as per provided specification. 
As per the TCP announcement, the tender was to open on February 3, 2016, however, the state-run grain trader Monday cancelled the tender without quoting any reason. Sources said the tender has been cancelled on the directives of the ministry of commerce. 
The fresh tender for procurement of 15,000 tons IRRI-6 was issued on January 26, when first rice tender was scrapped as the quoted prices were significantly higher than the prevailing local prices. The procurement was being made for Benin as gift from the people of Pakistan. Presently, several African countries are facing food shortage and two weeks ago Pakistan dispatched a consignment of 15,000 tons rice (10,000 tons IRRI-6 and 5,000 tons Basmati) to Cuba. 


Prime Minister Office of Islamic Republic of : Pakistan has sent a ship to Cuba today carrying 15000 thousand tons of rice to help Cuba in this hour of need....


02/01/2016 | 06:31am US/Eastern
Pakistan has sent a ship to Cuba today carrying 15000 thousand tons of rice to help Cuba in this hour of need . The decision was taken under the directions of Prime Minister Muhammad Nawaz Sharif who is reported to have said that Pakistan will extend all possible assistance and help to Cuba. The Prime Minister said that Pakistan is reciprocating Cuba with the same good well spirit as Cuba did by sending teams of doctors during the earthquake hit our country.The ship carrying the rice includes 10000 tons of Irri 6 and 5000 tons of Basmati rice.

Prime Minister's Office of the Islamic Republic of Pakistan issued this content on 17 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 February 2016 11:30:11 UTC

Protect rice diversity before it is too late
Bharat Dogra
| 02 February, 2016
In personal life it would be considered a huge tragedy if we lost an invaluable treasure simply because its value was not realised in time. Yet at the national level, we seem to be quite oblivious to the dangers of losing invaluable biodiversity possibly for all times to come, as is evident from the highly careless attitude towards the loss of numerous plant species at a rapid pace.Nowhere is this callous neglect more evident than in the case of our most important food crop - rice. India has been blessed with highly favourable agro-climatic conditions in which diverse rice cultivation can flourish. These favourable conditions were utilized by hundreds of generations of farmers to nurture a fabulously rich diversity of rice varieties and cultivars, each of these known to farmers of various regions for their numerous qualities.
With the advance of formal disciplines of botany, agronomy, various life sciences and agricultural research conducive opportunities should have been available to use more advanced methods to protect this great heritage of rice varieties in field conditions backed by scientific cataloguing and conservation.Unfortunately what has happened is that instead of adopting protective policies to nurture this bio-diversity with care, highly destructive policies were unleashed which led to the loss of thousands of rice-varieties and their sub-varieties in field conditions so that farmers now find it extremely difficult to get them.During the last five decades the government supported by some international institutions has put all resources into spreading exotic fertilizer responsive dwarf varieties (mistakenly called HYVs). With the support of government subsidies and extension efforts these have spread over a wide area despite several problems including higher susceptibility to pests and diseases. This has led to the ouster and loss of many valuable indigenous rice varieties.
This tragic story started in 1965-66 at the time when the Central Rice Research Institute (CRRI) Cuttack was ready with plans to improve rice cultivation significantly using indigenous varieties. If these plans had succeeded, India would have emerged as a world leader in rice, showing the path of eco-friendly farming progress based on protection of bio-diversity. But this was not liked by some international institutions who wanted to spread the exotic HYVs dependent on high doses of chemical fertilizers, pesticides and other expensive agri-chemicals.On 15 March 1966 the director of CRRI wrote a confidential and extremely important letter to the Director General, Indian Council of Agricultural Research, Delhi. “The International Rice Research Institute (IRRI) Manila, has been sending a lot of rice experimental material from time to time into this country”, this letter said, “and these are grown in several states. It has come to my notice that most of this material are susceptible to a very peculiar disease, not known to this country so far; it is suspected to be (a) virus”.
Having sounded this warning the author went on to state, “I may point out that in the last Rice Research Workers’ Conference during November 1965, I.R. 9-60 has been recommended as one of the donor parents for hybridization programme in the various rice-growing states. But this material, as has already been reported earlier, has been observed by me at CRRI and two other centres to be infected with the yellowing disease at an early vegetative phase. I may also inform that from some source of information I have learnt that I.R. 9-60 is not only susceptible to Tungru virus, but also to bacterial blight. As such it is not a desirable material for being used as a donor parent; if used, it may spread diseases whereever the material is grown. Under these circumstances it would soon be beyond our control.

“That some sort of inoculum of this dreadful disease is getting built up in the country is evident from the fact that Taichung Native-I which was not showing the yellowing of leaves in the early vegetative phase of the summer crop of last year, has now exhibited it. Since the Ministry of Food and Agriculture has a huge programme of speedily spreading this variety in the near future, timely action has to be taken against any future catastrophe of the kind being observed now.”
Unfortunately, these warnings and recommendations were ignored by the top authorities, and instead the writer of this letter was pre-maturely retired from his senior  post. The pest and disease susceptible varieties were allowed to be spread.
All this proved very harmful for India’s agriculture, and the results become evident all too soon. The massive damage became so worrying that a special task force on rice breeding was constituted of eminent experts in 1979 to examine the issue. These experts met at the CRRI in February.Dr. R.H. Richharia, one of the most eminent rice scientists in the world, was called back from retirement to head this task force. This task report stated clearly and firmly, “Most of the HYVs are derivatives of T(N) 1 or I.R. 8 and, therefore, have the dwarfing gene of dee-geo-woo-gen. This narrow genetic base has created alarming uniformity, causing vulnerability to diseases and pests. Most of the released varieties are not suitable for typical uplands and low lands which together constitute about 75 per cent of the total rice area of the country.
To meet these situations, we need to reorient our research programmes and strategies.”Referring to this problem of narrow genetic base, the task force says, “A cursory look at the pedigree of the different rice varieties released in India reveals that a very narrow germplasm base is involved. It is also noticed that many times the same female parent is involved in the cross combination.”
Thus even though the earlier warnings were now confirmed by the actual experience of about 13 years and supported by the country’s eminent rice-breeders represented in the task-force, these warnings were largely ignored and the official rice programme/policy centred on exotic dwarf HYVs with a narrow genetic base continued as before.
Dr. Richharia emphasised that wisdom of local farmers regarding diverse rice varieties should be utilised as the major resource for improving rice cultivation. He emphasised that rice farmers who possess intimate knowledge of their rice varieties should be involved in the research effort, “even to guide us with their inherent gift.”“A special advantage associated with indigenous high-yielding rice germplasm identified for different tracts and situations is that it possesses a good level of resistance to environmental stress and common diseases and pests, coupled with local preference for palatability.”
Dr. Richharia wrote, “It may be of interest to record that during our survey in the Chhattisgarh area we came across rice growers in the remote area, maintaining a large collection of rice varieties, year after year, associated with local customs. This also explains how thousands of varieties are being descended down for centuries. Naturally such collections served as ‘local treasuries’, but in the absence of an organisation to encourage such endeavours, the valuable rices are fast disappearing,...”From many parts of the country there are reports that now farmers are unable to get seeds of highly valued indigenous varieties. The younger generation of farmers is ignorant about our great heritage of rice bio-diversity, although earlier this knowledge was passed on from generation to generation.
This tragic loss of rice diversity can worsen if genetically modified (GM) varieties are introduced, efforts for which have already been launched by very powerful interests.
Clearly we need to wake up to the responsibility of protecting indigenous rice varieties with a sense of urgency before it is too late.(The writer is a freelance journalist who has been involved with several social initiatives and movements.)
http://www.thestatesman.com/news/opinion/protect-rice-diversity-before-it-is-too-late/120653.html
Vietnam hopeful about rice export in 2016
VietNamNet Bridge – Vietnam will have various advantages in exporting rice this year though it may have to compete with Thai rice in the global export market when Thailand sells rice at stock.

Rice for export. Vietnam is hopeful about rice export in 2016. (Photo: VNA)
Vietnam Food Association (VFA) chairman Huynh The Nang said Thailand's government has announced the sale of rice at stock in the near future. This will be one of the factors to pull the world rice prices down and may create negative impacts on Vietnam's rice exports.However, Vietnamese rice still can compete with Thai rice in traditional markets such as China, Indonesia and the Philippines because Thailand has a low volume of white rice while the demand from those markets is for imported white rice, Nang said.Huynh Van Thon, chairman of Loc Troi Group, said not all enterprises in the traditional markets want to import rice at inventory, therefore, Vietnamese rice exporters still have a chance to offer their new rice to those markets.
Nguyen Van Tien, general director of An Giang Export and Import Joint Stock Company, agreed that there is a risk in reducing the world price of rice this year to compete with Thai rice at inventory, but how this action will affect the world market will depend on the Thai government's operating policy on the rice at inventory. If Thailand uses old rice at stock to produce ethanol and animal feed, it will not affect the world market.
Huynh Minh Hue, VFA general secretary, quoted the US Department of Agriculture as saying that the global rice output in the 2015-16 crop declined by 1.9 percent to 469.3 million tonnes, a second straight year of decline. El Nino was a major factor, causing smaller crops in many rice production countries.Global consumption will, meanwhile, rise by 0.5 percent to 484.6 million tonnes, making it the third consecutive year when consumption will exceed production, leading to a depletion of stockpiles."In general, rice consumption of Vietnam this year will be better," Nang said.This year, the association will focus on boosting exports to near and traditional markets in Asia, including mainland China and Southeast Asia, and increasing exports of fragrant rice to Hong Kong and Singapore, Hue said.
It would strive to expand its fragrant rice market share in Africa and gradually retrieve the market for white rice, he said.It will work to enable Vietnamese rice to penetrate new markets, especially countries that have free trade agreements with Vietnam, said Hue, adding that the association will this year focus on building a rice value chain and brands.Tien said the Asian market has demand for rice but Vietnam will face intense competition from Thailand and Pakistan while export of fragrant and high grade rice is expected to increase strongly this year due to high demand from China and Africa.
He called on the government to step up quality checks of exports to safeguard the country's prestige and to sell to demanding markets.The association should also provide enterprises with up-to-date market forecasts and trends, he said. The government should crack down on the use of chemicals in rice production.According to the association, Vietnam's rice exports this year, excluding border trade, are expected to remain at last year's 6.5 million tonnes.Last year, exports fetched 2.68 billion USD, a decrease of 3.94 percent in value despite a marginal increase in volumes as prices dropped. Asian countries were the main buyers, accounting for 74.5 percent of exports, followed by Africa (13.77 percent), and the US (6.72 percent), Hue said
http://english.vietnamnet.vn/fms/business/150529/vietnam-hopeful-about-rice-export-in-2016.html

El NiƱo to damage P21.8 billion worth of crops in first-half 2016


by Mary Grace Padin - February 2, 2016
By Mary Grace Padin

Drought caused by El NiƱo could slash first-semester palay output by 900,000 metric tons (MT) and corn production by 500,000 MT, according to the Department of Agriculture (DA).
Based on computation done by the BusinessMirror using the National Food Authority’s (NFA) buying price, the value of the 1.4 million MT of rice and corn that may be damaged by El NiƱo could reach P21.8 billion.Christopher Morales, officer in charge of the DA’s Field Operation Service, told the BusinessMirror the department’s projection does not yet take into account the two typhoons that hit the country in the last quarter of 2015.

“The estimated damage may be lower as rainfall brought by the last two typhoons that hit the country increased water in our dams,” Morales said at the sidelines of the Special Committee on Climate Change’s meeting at the House of Representatives on Monday.El NiƱo started affecting the country in March last year, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa).As early as May 2014, however, Pagasa had already warned that the Philippines could be affected by El NiƱo. Data from the DA showed that as of August 13, El NiƱo had already damaged P3.32 billion worth of crops. The corn sector bore the brunt of the extreme weather event and recorded losses amounting to P2.21 billion, while rice farmers lost P1.09 billion.

Earlier, Agriculture Assistant Secretary for Field Operations Edilberto de Luna said farmers’ apprehension over the ill effects of El NiƱo has caused them to forego planting, which could cause farm output to drop this year.Farmers have been apprehensive over the availability of irrigation water for their crops. The National Water Resources Board (NWRB) cut off irrigation water for Central Luzon farms in May after Angat Dam’s water level breached the 180-meter critical level.Last October NWRB agreed to allocate irrigation water for 14,000 rice farms upon the request of the National Irrigation Administration (NIA).

On Tuesday the agency attached to the Department of Environment and Natural Resources revealed that it has agreed to increase the NIA’s allocation for irrigation water to 36 cubic meters per second (cms) this month from 35 cms in January.“Farmers in Bulacan and some parts of Pampanga are also assured that sufficient amount of water will be apportioned in their whole cropping calendar. However, allocation for irrigation may decrease as the harvesting season approaches,” NWRB said in a statement.The agency also increased the allocation of the Metropolitan Waterworks and Sewerage System to 44 cms in February from 42 cms. Despite the increase in allocation, the NWRB urged the public to continue their water-conservation measures.

“Everyone must not be complacent in the utilization of the precious water resource because there is a possibility that the El NiƱo may extend beyond June 2016,” NWRB said.The DA had earlier requested funds from the national government to mitigate the ill effects of El NiƱo. Morales, however, said the P2.1 billion it sought from the Department of Budget and Management has not yet been released.“The DA has projected we are going to need P3 billion to roll out El NiƱo-mitigation measures. We already have a regular allocation of P900 million for 2016, but this is not enough. We have requested the P2.1 billion to augment the deficit,” he said.
Morales said the DA hopes the budget could be released before February so the agency could roll out interventions to boost farm output

Irrigation chief says drought worst in 22 years but there will be water for consumption


BY EDITORON 2016-02-02THAILAND
Irrigation chief says drought worst in 22 years but there will be water for consumption
BANGKOK: — This year’s drought is likely to be the worst in 22 years but the water stored in the country’s four main dams will be enough to meet the need of water for consumption, said Mr Suthep Noipairote, director-general of the Royal Irrigation Department, on Tuesday.
Water stored in Bhumibol, Sirikit, Pasak Cholasit and Kwae Noi Bamrungdaen is now measured at 3,489 million cubic metres compared to 6,300 million cubic metres of the same period last year. Although there will be enough water for consumption, Mr Suthep admitted that there won’t be enough water for agriculture. However, farmers who have planted their second rice crops covering 2-3 million rai, including about 800,000 rai in irrigated area will take care of themselves without help from the government, he said.
Mr Suthep is optimistic that rains will come in mid-May in time for the start of the main rice crop cultivation because the effects from El Nino have eased. Although the arrival of cold spells on different occasions in recent weeks have resulted to drought, he said that the cold fronts have also brought rains.
However, he cautioned the next rainy season would not bring enough water to fill the main dams and, therefore, cloud seeding is necessary to bring more rains.Regarding measures to help ease drought effects among farmers, the Bank of Agriculture and Agricultural Cooperatives has mapped out three measures which include 72 billion baht for one tambon one SME projects; 6 billion baht in emergency credit to help farmers suffering from drought and community credit programme for farmers in 26 provinces in Chao Phraya and Mae Klong river basins.
Source: http://englishnews.thaipbs.or.th/content/149168
http://news.thaivisa.com/thailand/irrigation-chief-says-drought-worst-in-22-years-but-there-will-be-water-for-consumption/130439/

Nagpur Foodgrain Prices Open-Feb 02


Nagpur, Feb 2 Gram and tuar prices showed weak tendency in Nagpur Agriculture
Produce and Marketing Committee (APMC) here on lack of demand from local millers amid increased
supply from producing regions. Easy condition in Madhya Pradesh pulses, good overseas arrival
and high moisture content supply also pulled down prices, according to sources. 
 
    FOODGRAINS & PULSES
    GRAM
   * Desi gram raw recovered in open market on renewed demand from local traders amid 
     good recovery on NCDEX.
 
     TUAR
   * Tuar varieties ruled steady in open market here on subdued demand from local traders 
     amid ample stock in ready segment.   
 
   * Major rice varieties reported down in open market here on lack of demand from local 
     traders amid good supply from producing regions like Chhattisgarh and Madhya Pradesh.
         
   * In Akola, Tuar New - 8,000-8,200, Tuar dal New - 12,500-13,700, Udid - 
     12,600-13,600, Udid Mogar (clean) - 14,900-16,700, Moong - 
     8,400-8,600, Moong Mogar (clean) 9,400-9,700, Gram - 4,100-4,200, 
     Gram Super best bold - 5,300-5,700 for 100 kg.
 
   * Wheat 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                3,200-3,825         3,400-4,000
     Gram Pink Auction            n.a.           2,100-2,600
     Tuar Auction                6,500-8,270         6,600-8,360
     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            5,800-6,000        5,800-6,000
     Gram Super Best            n.a.            n.a.
     Gram Medium Best            5,400-5,600        5,400-5,600
     Gram Dal Medium            n.a.            n.a
     Gram Mill Quality            4,400-4,500        4,400-4,500
     Desi gram Raw                4,450-4,550         4,400-4,500
     Gram Filter new            4,500-4,900        4,500-4,900
     Gram Kabuli                6,000-8,000        6,000-8,000
     Gram Pink                        6,500-7,300        6,500-7,300
     Tuar Fataka Best-New             12,800-14,000        12,800-14,000
     Tuar Fataka Medium-New        12,200-12,600        12,200-12,600
     Tuar Dal Best Phod-New        12,000-12,250        12,000-12,250
     Tuar Dal Medium phod-New        11,500-11,800        11,500-11,800
     Tuar Gavarani New             8,100-8,500        8,100-8,500
     Tuar Karnataka             8,600-9,000        8,600-9,000
     Tuar Black                 13,000-13,300        13,000-13,300 
     Masoor dal best            6,400-6,600        6,400-6,600
     Masoor dal medium            6,000-6,200        6,000-6,200
     Masoor                    n.a.            n.a.
     Moong Mogar bold (New)        9,600-10,000        9,600-10,000
     Moong Mogar Med            9,000-9,300        9,000-9,300
     Moong dal Chilka            8,400-9,100        8,400-9,100
     Moong Mill quality            n.a.            n.a.
     Moong Chamki best            8,500-8,700        8,500-8,700
     Udid Mogar best (100 INR/KG) (New) 16,000-17,000       16,000-17,000 
     Udid Mogar Medium (100 INR/KG)    13,400-14,500        13,400-14,500    
     Udid Dal Black (100 INR/KG)        9,600-9,900        9,600-9,900     
     Batri dal (100 INR/KG)        5,550-5,900        5,550-5,900
     Lakhodi dal (100 INR/kg)          4,400-4,600         4,400-4,600
     Watana Dal (100 INR/KG)            3,250-3,400        3,250-3,400
     Watana White (100 INR/KG)           3,000-3,200           3,000-3,200
     Watana Green Best (100 INR/KG)    3,100-3,600        3,100-3,600   
     Wheat 308 (100 INR/KG)        1,700-1,800        1,700-1,800
     Wheat Mill quality (100 INR/KG)    1,675-1,760        1,675-1,760   
     Wheat Filter (100 INR/KG)         1,650-1,850        1,650-1,850
     Wheat Lokwan best (100 INR/KG)    2,100-2,500        2,100-2,500    
     Wheat Lokwan medium (100 INR/KG)   1,950-2,250        1,950-2,250
     Lokwan Hath Binar (100 INR/KG)    n.a.            n.a.
     MP Sharbati Best (100 INR/KG)    3,600-3,900        3,600-3,900    
     MP Sharbati Medium (100 INR/KG)    3,000-3,200        3,000-3,200           
     Rice BPT best New(100 INR/KG)    2,600-2,850        2,800-2,900    
     Rice BPT medium (100 INR/KG)        2,000-2,250        2,100-2,300    
     Rice Parmal (100 INR/KG)         1,800-2,000        1,800-2,000
     Rice Swarna best (100 INR/KG)      2,100-2,300        2,300-2,500   
     Rice Swarna medium (100 INR/KG)      1,800-2,000        2,000-2,200   
     Rice HMT best New (100 INR/KG)    3,000-3,450        3,200-3,500    
     Rice HMT medium (100 INR/KG)        2,400-2,800        2,600-2,900    
     Rice Shriram best New(100 INR/KG)    4,100-4,500        4,200-4,500 
     Rice Shriram med New(100 INR/KG)    3,700-4,100        3,800-4,150   
     Rice Basmati best (100 INR/KG)    9,800-11,700        9,800-11,700     
     Rice Basmati Medium (100 INR/KG)    7,800-8,000        7,800-8,000    
     Rice Chinnor best New(100 INR/KG)    4,700-4,850        4,800-5,000    
     Rice Chinnor med. New (100 INR/KG)    4,200-4,400        4,200-4,600    
     Jowar Gavarani (100 INR/KG)        1,800-2,100        1,800-2,100    
     Jowar CH-5 (100 INR/KG)         1,700-1,800        1,700-1,800
 
WEATHER (NAGPUR)  
Maximum temp. 36.4 degree Celsius (94.3 degree Fahrenheit), minimum temp.
15.6 degree Celsius (60.0 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : n.a.
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 35 and 15 degree Celsius respectively.
 
Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but included in market prices.)
http://in.reuters.com/article/nagpur-foodgrain-idINL3N15H2W6
Protect rice diversity before it is too late
Bharat Dogra
| 02 Februay, 2016
In personal life it would be considered a huge tragedy if we lost an invaluable treasure simply because its value was not realised in time. Yet at the national level, we seem to be quite oblivious to the dangers of losing invaluable biodiversity possibly for all times to come, as is evident from the highly careless attitude towards the loss of numerous plant species at a rapid pace. Nowhere is this callous neglect more evident than in the case of our most important food crop - rice.

India has been blessed with highly favourable agro-climatic conditions in which diverse rice cultivation can flourish. These favourable conditions were utilized by hundreds of generations of farmers to nurture a fabulously rich diversity of rice varieties and cultivars, each of these known to farmers of various regions for their numerous qualities.With the advance of formal disciplines of botany, agronomy, various life sciences and agricultural research conducive opportunities should have been available to use more advanced methods to protect this great heritage of rice varieties in field conditions backed by scientific cataloguing and conservation.Unfortunately what has happened is that instead of adopting protective policies to nurture this bio-diversity with care, highly destructive policies were unleashed which led to the loss of thousands of rice-varieties and their sub-varieties in field conditions so that farmers now find it extremely difficult to get them.
During the last five decades the government supported by some international institutions has put all resources into spreading exotic fertilizer responsive dwarf varieties (mistakenly called HYVs). With the support of government subsidies and extension efforts these have spread over a wide area despite several problems including higher susceptibility to pests and diseases. This has led to the ouster and loss of many valuable indigenous rice varieties.This tragic story started in 1965-66 at the time when the Central Rice Research Institute (CRRI) Cuttack was ready with plans to improve rice cultivation significantly using indigenous varieties. If these plans had succeeded, India would have emerged as a world leader in rice, showing the path of eco-friendly farming progress based on protection of bio-diversity.
But this was not liked by some international institutions who wanted to spread the exotic HYVs dependent on high doses of chemical fertilizers, pesticides and other expensive agri-chemicals.On 15 March 1966 the director of CRRI wrote a confidential and extremely important letter to the Director General, Indian Council of Agricultural Research, Delhi. “The International Rice Research Institute (IRRI) Manila, has been sending a lot of rice experimental material from time to time into this country”, this letter said, “and these are grown in several states. It has come to my notice that most of this material are susceptible to a very peculiar disease, not known to this country so far; it is suspected to be (a) virus”.Having sounded this warning the author went on to state, “I may point out that in the last Rice Research Workers’ Conference during November 1965, I.R. 9-60 has been recommended as one of the donor parents for hybridization programme in the various rice-growing states.
But this material, as has already been reported earlier, has been observed by me at CRRI and two other centres to be infected with the yellowing disease at an early vegetative phase. I may also inform that from some source of information I have learnt that I.R. 9-60 is not only susceptible to Tungru virus, but also to bacterial blight. As such it is not a desirable material for being used as a donor parent; if used, it may spread diseases whereever the material is grown. Under these circumstances it would soon be beyond our control.
“That some sort of inoculum of this dreadful disease is getting built up in the country is evident from the fact that Taichung Native-I which was not showing the yellowing of leaves in the early vegetative phase of the summer crop of last year, has now exhibited it. Since the Ministry of Food and Agriculture has a huge programme of speedily spreading this variety in the near future, timely action has to be taken against any future catastrophe of the kind being observed now.”Unfortunately, these warnings and recommendations were ignored by the top authorities, and instead the writer of this letter was pre-maturely retired from his senior  post. The pest and disease susceptible varieties were allowed to be spread.All this proved very harmful for India’s agriculture, and the results become evident all too soon.
The massive damage became so worrying that a special task force on rice breeding was constituted of eminent experts in 1979 to examine the issue. These experts met at the CRRI in February.Dr. R.H. Richharia, one of the most eminent rice scientists in the world, was called back from retirement to head this task force. This task report stated clearly and firmly, “Most of the HYVs are derivatives of T(N) 1 or I.R. 8 and, therefore, have the dwarfing gene of dee-geo-woo-gen. This narrow genetic base has created alarming uniformity, causing vulnerability to diseases and pests. Most of the released varieties are not suitable for typical uplands and low lands which together constitute about 75 per cent of the total rice area of the country. To meet these situations, we need to reorient our research programmes and strategies.
”Referring to this problem of narrow genetic base, the task force says, “A cursory look at the pedigree of the different rice varieties released in India reveals that a very narrow germplasm base is involved. It is also noticed that many times the same female parent is involved in the cross combination.”Thus even though the earlier warnings were now confirmed by the actual experience of about 13 years and supported by the country’s eminent rice-breeders represented in the task-force, these warnings were largely ignored and the official rice programme/policy centred on exotic dwarf HYVs with a narrow genetic base continued as before.Dr. Richharia emphasised that wisdom of local farmers regarding diverse rice varieties should be utilised as the major resource for improving rice cultivation.
He emphasised that rice farmers who possess intimate knowledge of their rice varieties should be involved in the research effort, “even to guide us with their inherent gift.”“A special advantage associated with indigenous high-yielding rice germplasm identified for different tracts and situations is that it possesses a good level of resistance to environmental stress and common diseases and pests, coupled with local preference for palatability.”Dr. Richharia wrote, “It may be of interest to record that during our survey in the Chhattisgarh area we came across rice growers in the remote area, maintaining a large collection of rice varieties, year after year, associated with local customs.
This also explains how thousands of varieties are being descended down for centuries. Naturally such collections served as ‘local treasuries’, but in the absence of an organisation to encourage such endeavours, the valuable rices are fast disappearing,...”From many parts of the country there are reports that now farmers are unable to get seeds of highly valued indigenous varieties. The younger generation of farmers is ignorant about our great heritage of rice bio-diversity, although earlier this knowledge was passed on from generation to generation.This tragic loss of rice diversity can worsen if genetically modified (GM) varieties are introduced, efforts for which have already been launched by very powerful interests.Clearly we need to wake up to the responsibility of protecting indigenous rice varieties with a sense of urgency before it is too late.
(The writer is a freelance journalist who has been involved with several social initiatives and movements.)
Rice exports increase sharply in January
HCM CITY  (VNS) — Viet Nam exported nearly 315,000 tonnes of rice as of January 28, an increase of 46 per cent compared with the same period last year, according to the Viet Nam Food Association.The rice exports were shipped at US$127 million in free on board (FOB) value and $135 million in cost, insurance and freight (CIF) value, up 39 and 42.5 per cent, respectively.According to the association, the increase in rice exports last month was due to the fact that Viet Nam's rice exporters had to complete government-to-government deals with the Philippines and Indonesia.Last year, Viet Nam exported 6.5 million tonnes for $2.68 billion, a decrease of 3.9 percent in value. Asian countries were the main buyers, accounting for 74.5 per cent of exports, followed by Africa (13.7 percent), and the US (6.7 per cent).The association forecast that rice export volume this year excluding border trade is expected to remain the same as last year's. — VNS
http://vietnamnews.vn/economy/281951/rice-exports-increase-sharply-in-january.html

DPM Somkid and 6 ministers visit Oman and Iran

BY EDITORON 2016-02-02THAILAND [google-translator]
DPM Somkid and 6 ministers visit Oman and Iran

BANGKOK, 2 February 2016, (NNT) – Deputy Prime Minister Somkid Jatusripitak and six ministers are conducting an official visit to the Sultanate of Oman and the Islamic Republic of Iran.
The six ministers travelling with Mr. Somkid are Foreign Minister Don Pramudwinai, Science and Technology Minister Pichet Durongkaveroj, Industry Minister Atchaka Sibunruang, Energy Minister Gen Anantaporn Kanjanarat, Finance Minister Apisak Tantivorawong and Commerce Minister Apiradee Tantraporn. Mr. Somkid, the six ministers, and 71 representatives from public and private agencies stayed in Oman from January 31 to February 1 and will visit Iran from February 2 – 5.
The delegation will seek new markets for Thai agricultural products in these countries. Initially, Thailand hopes to export at least 300,000 tons in rice to Iran, while the Middle Eastern nation provides for Thailand’s energy security.Commerce Minister Apiradee Tantraporn revealed that the trade value between Thailand and Oman is worth about 1.1 billion US dollars. She said Thailand’s key exports to the nation include automobiles, auto parts and chemical products.Ms. Apiradee pointed out that trade value between Thailand and Iran was 600 million US dollars before international sanctions slashed it in half. She expects Thailand will sell more rubber, sugar and rice to these target nations.
http://news.thaivisa.com/thailand/dpm-somkid-and-6-ministers-visit-oman-and-iran/130356/

Local Rice Prices Climb Ahead of Chinese New Year

By  
Price tags are attached to different types of rice offered for sale in Rangoon, November 29, 2011. (Photo: Damir Sagolj / Reuters)

RANGOON — Due to high demand on the eve of the Chinese New Year, traders are selling more rice on the China border instead of within Burma, causing the price of the staple grain to rise at home.Higher demand from China, Burma’s biggest rice buyer, is directing more rice exports through the Muse-Ruili crossing on the Shan State-China border in preparation for the upcoming Chinese New Year, which begins on February 8 and will last for two weeks.With more stock diverted to China, some markets have raised rice prices for local consumers. In areas of Arakan and Mon states, residents reported that the cost of a standard basket of rice increased 500-1000 kyats (US$0.40-$0.80).

A rice basket in Mon State holds 16 pyi, or just over 40 liters, and previously cost 14,000-15,000 kyats ($10.80-$11.60).“There is high demand in the market these days, and though we’re looking for more rice, the supply and demand do not match. That’s why a basket of rice is going up more than 500 kyats,” said Kyaw Kyaw Lwin, a rice trader in Mon State’s Kalathut village.Dr Soe Tun, Vice Chairman of the Myanmar Rice Federation, estimates that about 4,000-5,000 tons of rice are being routed through the Muse-Ruili trading hub every day. Like Kyaw Kyaw Lwin, he linked this to a temporary five to ten percent rise in prices within Burma.“Demand in China is getting high. That’s why rice prices have increased a little bit, but I can say that it will go down again in the next few days,” he said.

Merchants began directing more rice through the Muse-Ruili trading hub during the last week of January. Chan Tha Oo, a rice trader in Muse, confirmed that the greater demand for rice from the Chinese side of the border became evident late last month. This resulted in an increase in rice prices in border areas by 500-600 kyats, raising the cost of a 50-kilogram rice bag to almost 29,000 kyats ($22.50).But as official holidays begin in China, Chan Tha Oo said he believes trade will soon come to a halt.“The Chinese stop trading three or four days [ahead of the New Year],” he explained.Despite increased exports, he added there was no shortage of rice, and therefore no need for people to worry, a claim echoed by Dr. Soe Tun.“Summer’s paddy [harvest] has not yet surfaced in the market, so we’re still consuming old rice. It will be okay later,” he said.

Figures from the Ministry of Commerce put Burma’s total rice exports at more than 1.7 million tons in the 2014-15 fiscal year, bringing in nearly US$645 million. Rice was shipped to China and Japan, as well as over 60 countries within ASEAN, Africa and Europe
http://www.irrawaddy.com/burma/local-rice-prices-climb-ahead-of-chinese-new-year.html

Rice Prices

as on : 02-02-2016 08:10:31 PM
Arrivals in tonnes;prices in Rs/quintal in domestic market.
Arrivals
Price
Current
%
change
Season 
cumulative
Modal
Prev.
Modal
Prev.Yr
%change
Rice
Gondal(UP)
1625.00
976.16
7642.60
2025
2000
-2.17
Bazpur(Utr)
890.76
38.49
14886.86
2200
2207
57.14
Burdwan(WB)
472.00
-
2489.00
1700
-
-
Etawah(UP)
450.00
-25
12320.00
2255
2255
2.97
Kanpur(Grain)(UP)
320.00
12.28
4425.00
2125
2150
1.19
Manjeri(Ker)
290.00
NC
4350.00
3000
3000
-9.09
Memari(WB)
263.00
-
1794.00
1700
-
-
Guskara(Burdwan)(WB)
258.00
-
1798.00
2130
-
-
Pilibhit(UP)
248.00
-17.33
14498.00
2190
2195
-6.41
Allahabad(UP)
240.00
14.29
3530.00
2085
1980
2.71
Srirampur(ASM)
180.00
50
3575.00
2950
2980
-
Bahraich(UP)
166.00
-5.68
1767.50
2080
2075
NC
Sitapur(UP)
162.00
20
3237.00
2220
2225
5.26
Bareilly(UP)
118.50
-34.89
5200.50
2110
2125
0.48
Agra(UP)
115.00
-17.86
2601.00
2140
2080
4.39
Kalipur(WB)
95.00
31.94
2164.00
2150
2150
-
Kalna(WB)
93.00
-
605.00
1770
-
-6.84
Chandabali(Ori)
85.00
NC
680.00
1800
1800
NC
Saharanpur(UP)
82.00
13.89
2703.00
2030
2030
-4.25
Aligarh(UP)
75.00
-6.25
1040.00
2170
2170
17.30
P.O. Uparhali Guwahati(ASM)
74.00
13.85
1553.00
2100
2100
-19.23
Barabanki(UP)
71.00
-
71.00
2035
-
-
Thodupuzha(Ker)
70.00
NC
910.00
2600
2600
6.12
Achalda(UP)
70.00
7.69
1865.00
2245
2240
-
Gajol(WB)
67.50
3.85
734.00
2800
2800
-8.20
Lanka(ASM)
60.00
-14.29
1245.00
1725
1725
-
Nadia(WB)
50.00
NC
750.00
3200
3200
3.23
Siliguri(WB)
48.00
33.33
237.00
2600
2600
-
Kasimbazar(WB)
45.00
2.27
699.00
2300
2320
-11.54
Jambusar(Guj)
36.30
-
553.15
3600
-
-
Palghar(Mah)
36.00
89.47
378.00
3061
2150
-
Balrampur(UP)
34.00
-10.53
756.00
2125
2125
1.43
Cachar(ASM)
30.00
-25
1000.00
2700
2700
NC
Udala(Ori)
27.00
-32.5
516.00
2700
2700
-
Mirzapur(UP)
27.00
-10
651.50
1915
1910
2.41
Kolhapur(Laxmipuri)(Mah)
26.00
-13.33
526.00
3000
3000
-
Vasai(Mah)
26.00
-18.75
58.00
2840
2860
-
Ramkrishanpur(Howrah)(WB)
25.10
36.41
501.00
2300
2300
-11.54
Haldibari(WB)
25.00
NC
366.50
2350
2350
-11.32
Sirsa(UP)
23.00
-14.81
144.00
2020
2020
-
Jalpaiguri Sadar(WB)
23.00
-4.17
435.00
2700
2725
-4.26
Diamond Harbour(South 24-pgs)(WB)
22.00
NC
106.00
1850
1850
-
Tinsukia(ASM)
20.00
NC
85.00
2200
2100
-
Khair(UP)
20.00
33.33
69.00
2150
2150
-
North Lakhimpur(ASM)
18.90
46.51
678.50
1900
1900
-
Karvi(UP)
18.50
48
73.00
2125
2125
18.06
Dibrugarh(ASM)
16.00
-22.33
441.80
2550
2550
-
Raiganj(WB)
13.00
-13.33
459.00
2730
2700
-
Medinipur(West)(WB)
13.00
-18.75
275.00
2400
2400
-4.00
Dahod(Guj)
11.00
-72.08
649.30
3900
4100
-2.50
Mannargudi(Ker)
10.00
NC
265.00
3100
4600
-
Nilagiri(Ori)
10.00
42.86
236.00
2400
2400
4.35
Baberu(UP)
10.00
66.67
70.00
2100
2125
-
Jahanabad(UP)
10.00
-16.67
138.50
2140
2150
-
Kaliaganj(WB)
10.00
-16.67
308.00
2650
2600
-
Hazaribagh(Jha)
9.80
-
24.10
2945
-
-
Champadanga(WB)
9.00
-50
339.00
2400
2400
-
Chalakudy(Ker)
8.00
-
52.00
2600
-
-
Bhivandi(Mah)
8.00
NC
112.00
3550
3070
108.82
Katwa(WB)
8.00
-5.88
34.00
2300
2300
-4.17
Pukhrayan(UP)
7.50
-
42.50
1980
-
-0.50
Chengannur(Ker)
7.00
16.67
289.00
2450
2600
-15.52
Bolangir(Ori)
7.00
NC
79.50
2300
2200
-4.17
Buland Shahr(UP)
7.00
-30
202.00
2055
2040
0.98
Karanjia(Ori)
6.50
8.33
124.30
2600
2900
4.00
Tusura(Ori)
6.00
NC
82.00
2300
2200
-11.54
Rura(UP)
5.60
1.82
40.60
2190
2170
6.57
Silapathar(ASM)
5.50
5.77
425.30
3000
3000
NC
Jeypore(Ori)
4.40
22.22
114.80
325
325
-
Farukhabad(UP)
3.50
-22.22
148.50
2200
2200
1.62
Jeypore(Kotpad)(Ori)
3.40
-56.96
109.70
3250
4100
NC
Islampur(WB)
3.20
6.67
144.20
2150
2150
-
Visakhapatnam(AP)
3.00
-
3.00
3000
-
-
Aroor(Ker)
3.00
NC
91.00
6900
6900
-25.81
Alibagh(Mah)
3.00
NC
51.00
3750
3750
134.38
Murud(Mah)
3.00
NC
37.00
2750
2750
71.88
Melaghar(Tri)
3.00
NC
62.30
2350
2350
-
Karimpur(WB)
3.00
NC
27.00
3150
3150
NC
Siyana(UP)
2.00
-20
39.00
2050
2060
0.49
Karsiyang(Matigara)(WB)
1.80
28.57
27.40
2600
2600
-
Bonai(Bonai)(Ori)
1.00
-33.33
16.60
2000
2000
-16.67
Kalimpong(WB)
1.00
25
13.60
2450
2450
-
http://www.thehindubusinessline.com/economy/agri-business/article8184225.ece
02/02/2016 Farm Bureau Market Report

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


Futures:
ROUGH RICE
High
Low
Last
Change
Mar '16
1123.0
1099.0
1117.5
+17.0
May '16
1152.0
1128.0
1145.0
+16.5
Jul '16
1173.0
+16.5
Sep '16
1183.5
+17.0
Nov '16
1204.0
+27.5
Jan '17
1205.5
+28.0
Mar '17
1205.5
+28.0
   

Rice Comment

Rice was higher across the board, but traded within Mondays wide range. March continues to find resistance at $11.50. A close above $11.50 could signal a move toward a retest of the $12 area, while support is at the recent low of $10.65. Weekly exports were a disappointing 22,700 metric tons, down 46% from the previous week and 57% from the prior 4-week average.

APEDA RICE COMMODITY NEWS

International Benchmark Price
Price on: 02-02-2016
Product
Benchmark Indicators Name
Price
Garlic
1
Chinese first grade granules, CFR NW Europe (USD/t)
2100
2
Chinese Grade A dehydrated flakes, CFR NW Europe (USD/t)
2000
3
Chinese powdered, CFR NW Europe (USD/t)
1800
Ginger
1
Chinese sliced, CIF NW Europe (USD/t)
2150
2
Chinese whole, CIF NW Europe (USD/t)
2300
3
Indian Cochin, CIF NW Europe (USD/t)
2850
Guar Gum Powder
1
Indian 100 mesh 3500 cps, FOB Kandla (USD/t)
3840
2
Indian 200 mesh 3500 cps basis, FOB Kandla (USD/t)
1240
3
Indian 200 mesh 5000 cps, FOB Kandla (USD/t)
2360
Source:agra-net
For more info
Market Watch
Commodity-wise, Market-wise Daily Price on 02-02-2016
Domestic Prices
Unit Price : Rs per Qty
Product
Market Center
Variety
Min Price
Max Price
Jowar(Sorgham)
1
Amreli (Gujarat)
Other
1150
2500
2
Theni (Tamil Nadu)
Other
1380
1440
3
Solapur (Maharashtra)
Other
1671
2325
Maize
1
Dahod (Gujarat)
Yellow
1510
1565
2
Sangli (Maharashtra)
Other
1490
1550
3
Nawarangpur (Orissa)
Local
1325
1521
Mousambi
1
Manjeri (Kerala)
Other
3300
3500
2
Batala (Punjab)
Other
2400
2800
3
Taura (Haryana )
Other
2800
3000
Brinjal
1
Aroor (Kerala)
Other
2400
2600
2
Nagpur (Maharashtra)
Other
400
600
3
Bolangir (Orissa)
Other
1900
2000
For more info
Egg
Rs per 100 No
Price on 01-02-2016
Product
Market Center
Price
1
Pune
430
2
Chittoor
418
3
Hyderabad
385
Source: e2necc.com
Other International Prices
Unit Price : US$ per package
Price on 01-02-2016
Product
Market Center
Origin
Variety
Low
High
Potatoes
Package: 50 lb cartons
1
Atlanta
Colorado
Russet
17
17.50
2
Chicago
Idaho
Russet
14
18
3
Detroit
Idaho
Russet
13.50
14
Cauliflower
Package: cartons film wrapped
1
Atlanta
Mexico
White
15
16
2
Dallas
California
White
16
17.50
3
Detroit
California
White
15
17
Apples
Package: cartons tray pack
1
Atlanta
Virginia  
Red Delicious
20
20
2
Chicago
Washington
Red Delicious
28
28
3
Miami
Washington
Red Delicious
26
28
Source:USDA

Slovak Oyster Supper -- Eat Good and Feel Good Doing It
By Josh Hankins

SLOVAK, AR -- In this small agricultural community north of Stuttgart, the annual Slovak Oyster Supper, a 50+ year tradition for many around the state, doesn't disappoint but you've got to come prepared. 
 Prepared for the Slovak Oyster Supper is an empty stomach, warm coat and boots, responsible transportation, a knack for communicating with all walks of life, a glass half-full attitude, especially about standing in long, outside winter lines, and, if you plan on dining in (they also have a drive-thru), enjoying fare and fellowship without the wives or girlfriends.  This 'men only' gathering is the main fund raiser for the Slovak Knights of Columbus Council but also raises money for other charities and organizations in the area.
 The Supper draws local residents, most of whom are behind the counters volunteering, city dwellers, if they are able to find tickets to the sold-out event, politicians, accountants, farmers, and a multitude of vocational backgrounds.  Though the company may be diverse, the conversation is not.  The supper typically takes place towards the end of duck season, and most are interested in sharing reports on how the season stacked up around the state, while deliberating very complex theories on why it was better or worse than years past.     The Supper menu consists of and is delivered in this order at the serving line: large pile of fries, coleslaw, big gulp cup full of fried oysters, smaller cup of raw oysters, and ice cold beverages.  The oysters were fresh, and those fried were done to perfection, which is quite the feat when handling a crowd this large.
 The fried oysters were prepared using local Riceland's own fish fry oil, which is very fitting for the event.  In the early 1900's the introduction of rice farming to the small community of Slovak helped fuel the economic boom of the area and the rice industry has remained as the mainstay crop supporting the economic stability to this day.
 This conservation specialist did brave the lines and cold and it was worth it because once inside I not only ate well but enjoyed talking with growers about duck hunting, yes, but also conservation, tailwater recovery, and the Regional Conservation Partnership Program that will mean so much to the rice farmers here and around the country.
If you've never been to the Slovak Oyster Supper, start the conversation for tickets now, and clear the calendar on the last Friday of January, because it's a valuable part of Arkansas history that is well worth the drive to Prairie County.
 
Dining in
Thru traffic again
Mexico Trade Stoppage Averted
By Sarah Moran

MEXICALI, MEXICO -- On December 14, 2015, USA Rice was notified that U.S. rice exporters were having their bagged rice shipments blocked by Mexican authorities here at this important west coast crossing point with Calexico, California.  The Government of Mexico (GOM) had, overnight, changed inspection regulations on how railroads and GOM phytosanitary inspection officials cleared bagged commodities, resulting in a stoppage of bagged rice exports.
 Mexico is the largest export market for U.S. rice, taking 20 percent of the volume worldwide and with a total 2015 value estimated at more than $300 million.  The new GOM regulations specifically targeted bagged product with an estimated 2015 market value of more than $100 million.
 Those familiar with the situation informed USA Rice that the GOM's well-meaning new regulation was untenable and would literally close that border for months and, if implemented across all border points, would stop all bagged U.S. rice exports to Mexico until decision makers at SENASICA (Mexico's Animal and Plant Health Inspection Service (APHIS) equivalent) could be reached to review the regulation.
 Although most GOM administrative offices were officially closed for the December holidays, Marvin Lehrer, USA Rice's representative in Mexico, immediately took action to mitigate the urgent trade problem.  
Within days, exporters informed USA Rice that the GOM had rescinded the new regulations and bagged commodity flow would continue as normal.  Lehrer continues to serve as the point person and in-country liaison doing follow-up on the recent resolution to lift restrictions on the entry of U.S. rice into Mexico. 
 He said, "A key element of the success was the very personal and trusting relationship USA Rice has built up with key elements of the Mexican trade.  This strong association allowed a free flow of information and the enlisting of the trade as allies in providing correct information for the GOM to help resolve the issue.

Hoarding suspected as rice meant for PDS pile up with millers

by Joji Simon

Kochi: In a suspected case of hoarding, about half of the total 34,000 metric tonnes of matta variety of rice meant for Public Distribution System (PDS) is found to be lying in different rice mills across the State after wholesale ration dealers refused to collect the stock. Though the stock meant for distribution in February was supposed to be collected by January end, the dealers have so far picked up only 59.64 per cent of the rice procured and processed by the Kerala State Civil Supplies Corporation (Supplyco) under the paddy procurement scheme. That means as much as 13,721 tonnes of rice, i.e., 40.36 per cent of the total stock, have not claimed by the dealers even after making payment. It is learnt that the Supplyco is planning to file a complaint with the Food Corporation of India (FCI) against the erring wholesale dealers. 
The unprecedented trend has triggered speculations that the dealers were trying to jack up their prices by creating an artificial scarcity of rice and diverting the commodity to the black market ahead of the assembly elections. Rice meant for PDS is distributed through mills in the seven districts of Ernakulam, Pathanamthitta, Malappuram, Thrissur, Palakkad, Kottayam and Idukki. In the remaining seven districts, the wholesale ration dealers purchase the rice directly from FCI warehouses.The district-wise percentage of the uncollected rice is: Ernakulam (52.76), Pathanamthitta (50.01), Malappuram (45.84), Thrissur (45.14), Palakkad (32.61), Kottayam (31.66), and Idukki (2.37). 
The Supplyco had issued the releasing order for the month of February several weeks ago after rationing out the stock to the wholesale dealers. The procured rice is being distributed among APL cardholders (10 kg for Rs 8.90 per kg), Antodaya Anna Yojana beneficiaries (35 kg for Re 1 per kg), and the other BPL cardholders (25 kg for Rs 2 per kg). The wholesale dealers purchase the rice from the authorised mills by paying Rs 8.40, 45 paise, and Re 1, respectively. Lack of supply of rice will cause shortage in the ration outlets in these seven districts in February.  
The reluctance to collect the stock despite making full payment is seen as an attempt to derail the rice distribution scheme. The dealers will be able to collect the stocks later and sell it at a higher price while the mill owners can sell it as branded rice by charging more. As the payment was already made, the government cannot take over the stock to distribute it through ration outlets. 
The Supplyco is now looking forward to the FCI to interfere and initiate action against the dealers. A Karnataka Bulldozers' wicket falls and Kerala Strikers' player Munna, team manager Idavela Babu, non-playing captain Mohanlal and team advisor Pankaj Chandra Senan celebrate it during the CCL match between Kerala Strikers and Karnataka Bulldozers in Kochi. Photo: EV Srikumar

3rd February,2016 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Rebound as Yesterday's Selloff Seen as Overdone; Grains Trade Higher despite Continued Decline in Oil
Feb 03, 2016

Chicago rough rice futures for Mar delivery settled 17 cents per cwt (about $4 per ton) higher at $11.175 per cwt (about $246 per ton). The other grains finished the day higher; Soybeans closed about 0.6% higher at $8.8625 per bushel; wheat finished unchanged at $4.7525 per bushel, and corn finished the day about 0.3% higher at $3.7250 per bushel.
U.S. stocks traded sharply lower Tuesday as oil prices fell, unwinding last week's rally as hopes of an output cut deal faded. Auto sales for January are the only major data out Tuesday, ahead of Friday's jobs report.  Kansas City Fed President Esther George, a voting member, said Tuesday the central bank should push ahead with interest rate hikes because of the strong fundamentals of the U.S. economy. She downplayed the impact of financial market volatility, according to prepared remarks.
European stocks closed nearly 2% lower or more as low oil prices and earnings reports from BP and UBS weighed. In afternoon trade Tuesday, the Dow Jones industrial average declined 246 points, or 1.49%, to 1.910. The S&P 500 fell 28 points, or 1.48%, to 1,910, with energy leading all 10 sectors lower. The Nasdaq composite dropped 68 points, or 1.5%, to 4,552. Gold is seen trading unchanged, crude oil is seen trading about 5% lower, and the U.S. dollar is seen trading about 0.1% lower at about  1:30pm Chicago time.
Monday, there were 1,363 contracts traded, down from 1,454 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday decreased by 84 contracts to 12,859.
Wholesale Basmati Rice Prices in India Decline on Adequate Stocks, Slackened Demand
Feb 02, 2016

Wholesale basmati rice prices in the national capital have declined today due to a slackened demand from retailers against adequate stocks, according to the Press Trust of India (PTI).
On February 2, 2016, prices of Pusa 1121 declined to around Rs.3,800 - 4,700 per quintal (around $561 - $694 per ton) from around Rs.4,000 - 4,900 per quintal (around $588 - $751 per ton) on January 29, 2016.
Prices of common basmati rice declined to around Rs.4,900 - 5,000 per quintal (around $724 - $738 per ton) from previous levels of around Rs.5,200 - 5,300 per quintal (around $765 - $779 per ton).
"Muted demand against sufficient stocks on higher supplies from producing regions mainly pulled down rice basmati prices," traders were quoted as saying.
The declining prices of both basmati and non-basmati price have helped the government's rice procurement to increase about 25% y/y to around 24.47 million tons so far in KMS 2015-16. The procurement has increased despite likely reduction in production due to poor monsoons. The government has set a procurement target of 30 million tons this year.


Global Rice Quotes
February 2nd, 2016
Long grain white rice - high quality
Thailand 100% B grade 380-390
Vietnam 5% broken 350-360
India 5% broken 355-365
Pakistan 5% broken 345-355
Myanmar 5% broken 415-425
Cambodia 5% broken 425-435
U.S. 4% broken 465-475
Uruguay 5% broken 465-475
Argentina 5% broken 460-470
Long grain white rice - low quality
Thailand 25% broken 355-365
Vietnam 25% broken 340-350
Pakistan 25% broken 315-325
Cambodia 25% broken 405-415
India 25% broken 325-335
U.S. 15% broken 445-455
Long grain parboiled rice
Thailand parboiled 100% stxd 370-380
Pakistan parboiled 5% broken stxd NQ
India parboiled 5% broken stxd 345-355
U.S. parboiled 4% broken 500-510
Brazil parboiled 5% broken 520-530
Uruguay parboiled 5% broken NQ
Long grain fragrant rice
Thailand Hommali 92% 690-700
Vietnam Jasmine 425-435
India basmati 2% broken NQ
Pakistan basmati 2% broken NQ
Cambodia Phka Mails 750-760
Brokens
Thailand A1 Super 320-330
Vietnam 100% broken 320-330
Pakistan 100% broken stxd 290-300
Cambodia A1 Super 345-355
India 100% broken stxd 260-270
Egypt medium grain brokens NQ
U.S. pet food 280-290
Brazil half grain NQ ↔  All prices USD per ton, FOB vessel, oryza.com


Rice Utilization in Japan's Feed Industry Increases Sharply in MY 2014-15, Says USDA Post
Feb 02, 2016

Rice utilization in Japan's feed industry has reached 1.172 million tons in MY 2014-15 (October - September), up about 60% from around 732,983 tons in MY 2013-14, reports the USDA Post based on the data from the Compound Feed Supply Stabilization Organization, Ministry of Agriculture, Forestry and Fisheries (MAFF).
The MAFF has been strongly encouraging to use rice for feed. In October 2015, the Post forecasted that the increasing trend for rice utilization in feed would continue in MY 2015-16 as well as the domestic production of rice for feed more than doubled to 421,077 tons in 2015 from the previous year.  Rice utilization in feed reportedly reached about 107,671 tons in the first month of MY 2015-16 (October 2015), up from around 93,757 tons during the same period in MY 2014-15.
Meanwhile, utilization of corn, sorghum and wheat has declined by about 2%, 10% and 43% y/y respectively to around 10.53 million tons, 901,173 tons and 366,510 tons in MY 2014-15.
Increased Cross-Border Exports Ahead of Chinese New Year Push Up Local Rice Prices in Myanmar
Feb 02, 2016

Local rice prices in Myanmar are surging due to an increase in cross-border exports to China due to high demand ahead of the Chinese New Year, which starts on February 8, according to The Irrawaddy.
Exports from the Muse-Ruili crossing on the Shan State-China border have increased significantly with traders selling more rice to Chinese importers. Due to higher demand from China, some local traders have increased prices locally.
According to local sources, the price of a 40 kilogram bag of rice increased by about 500 - 1,000 kyat (around $10-$20 per ton) from the previous price of around 14,000 - 15,000 kyat (around $270 - $290 per ton). “There is high demand in the market these days, and though we’re looking for more rice, the supply and demand do not match. That’s why a basket of rice is going up more than 500 kyats,” a trader was quoted.
The Vice-Chairman of the Myanmar Rice Federation (MRF) noted that around 4,000-5,000 tons of rice are being routed through the Muse-Ruili trading hub every day. “Demand in China is getting high. That’s why rice prices have increased a little bit, but I can say that it will go down again in the next few days,” he said.
Myanmar exported around 830,000 tons of rice in the first ten months of FY 2015-16 (April 2015 - January 2016), down about 15% from around 980,000 exported during the same period last year, according to data from the MRF.
Transgenic Rice Plants Offer Survival Strategies Under Drought Conditions, Say Researchers

Researchers from China and the U.S., have found that transgenic rice plants can provide survival strategies under drought conditions, according to Xinhua Net. A transgenic plant is obtained by transferring a gene naturally, or by any of the genetic engineering techniques, from one plant to another plant.
According to a study published in the U.S. journal Proceedings of the National Academy of Sciences, under severe drought conditions, transgenic plants trigger death of their old leaves to conserve resources for seeds and buds. This survival strategy, called senescence, is good for plants under drought conditions, says the first author of the study from the Shanghai Center for Plant Stress Biology in China.
"This combination of death and life is similar to a triage strategy. If old leaves die, then the buds and small leaves might gain life," he adds.
Researchers found that by engineering rice and the model plant Arabidopsis, high levels of protein known as PYL9 can be produced, which can be useful in increasing drought tolerance in plants. They noted that since plants' drought responses are controlled by the abscisic acid (ABA) hormone, which regulates growth and development and directs plants' reaction to stress. Therefore, by altering Arabidopsis and rice, higher levels of PYL9 made them highly sensitive to ABA, allowing them to better withstand severe drought stress and causing older leaves to yellow sooner compared with the plants' wild type counterparts, they said.
The lead author of the study noted that PYL9 transgenic rice had a 50% survival rate after a two-week drought compared with 10% survival in wild type rice. He, however, did not test the yield and quality of the transgenic plants.
"We still can't really solve the problem of drought," he said. "But we can make it better. In extreme drought conditions, even a bad yield would be better than nothing in terms of preserving human life," he added.
Rice Utilization in Japan's Feed Industry Increases Sharply in MY 2014-15, Says USDA Post
Feb 02, 2016

Rice utilization in Japan's feed industry has reached 1.172 million tons in MY 2014-15 (October - September), up about 60% from around 732,983 tons in MY 2013-14, reports the USDA Post based on the data from the Compound Feed Supply Stabilization Organization, Ministry of Agriculture, Forestry and Fisheries (MAFF).
The MAFF has been strongly encouraging to use rice for feed. In October 2015, the Post forecasted that the increasing trend for rice utilization in feed would continue in MY 2015-16 as well as the domestic production of rice for feed more than doubled to 421,077 tons in 2015 from the previous year.  Rice utilization in feed reportedly reached about 107,671 tons in the first month of MY 2015-16 (October 2015), up from around 93,757 tons during the same period in MY 2014-15.
Meanwhile, utilization of corn, sorghum and wheat has declined by about 2%, 10% and 43% y/y respectively to around 10.53 million tons, 901,173 tons and 366,510 tons in MY 2014-15.
Experts Debate New Strategy for Research and Innovation in EU Agriculture
Feb 02, 2016

Several experts from the EU countries, including the leaders of the EU farmers union COPA-COGECA, have gathered at a conference organized by the EU Commission and debated the new strategy for research and innovation in the EU agriculture, according to local sources.
Copa and Cogeca underlined the key role of research and innovation in a viable EU agriculture sector and the need for farmers and agri-cooperatives to play a key role in the process right from the beginning.
Copa Vice President Maira Dzelzkaleja said “This strategy comes at the right time as innovative solutions for agriculture sector to adapt and mitigate to climate change are top of the EU agenda. A smarter and sustainable EU agriculture sector for viable and competitive rural areas are very important. Research and innovation are crucial tools to achieve this. Innovation contributes to a competitive, efficient EU agriculture sector, helping farmers to cut production costs and produce more with less. And it has to be driven by farmers. This is crucial for the future of rural areas. Farmers also generate innovative solutions themselves that often go unnoticed by public. There is a huge amount of hidden knowledge that needs to be revealed and efficiently used and more should be done here”.
"The challenges of ensuring food security, ending hunger and malnutrition, helping the environment and combatting climate change as well as boosting growth and jobs in rural territories are all crucial in Europe and worldwide. Precision farming, robots and drones are becoming the words of the day, to ensure a successful agriculture industry tomorrow. They are the reality right now for a limited number of farmers but we need to better understand this new technology, make it more accessible to farmers and cooperatives, share knowledge and step up research so that we can use them to meet the upcoming challenge of feeding a growing population with limited resources. We need to be in the driving seat of this debate," she added.
Experts are expecting that the EU agriculture will benefit from the funding provided for Horizon 2020, the biggest EU Research and Innovation programme. The program will be provided nearly 80 billion euros (about $87.1) of funding for 7 years (2014 to 2020) in addition to the private investment that this money will attract.
Philippines Agriculture Minister Estimates 2016 Paddy Rice Production to Fall Below 2015 Level
Feb 02, 2016

The Philippines Agriculture Secretary is estimating the 2016 paddy rice production to fall below the 2015 level of around 18.15 million tons due to the prevailing drought conditions, Reuters quoted ABS-CBN news channel.
He however, noted that the government interventions will help limit the impact of El Nino-induced weather conditions. "We can still hit not less than 18 million metric tonnes because of our interventions, he said.
The Philippines 2015 paddy rice output was below a government forecast of 18.3 million tons and down more than 4% from a record high of nearly 19 million tons in 2014.
The Philippine Statistics Agency (PSA) estimates the Philippines 2016 first half paddy rice production at around 8.2 million tons, down about 1.5% from around 8.32 million tons in 2015.
The government has so far imported 500,000 tons of rice for delivery by the end of first quarter.
TREA Official Foresees 2016 White Rice Exports to Decline 7% y/y to 4.9 Million Tons
Feb 02, 2016

The President of the Thai Rice Exporters Association (TREA) has projected the country's total rice exports at around 9 million tons in 2016, down about 8% from around 9.79 million tons in 2015, according to Bangkok Post.
"This year will be another year of much uncertainty, not only because of low oil prices that affect the purchasing power of our clients in the Middle East and Africa but also because of volatile foreign exchange and drought conditions that are expected to trim milled rice production by 4-5 million tonnes," he was quoted.
He noted that Thai rice prices have reached their lowest level to around $360-$365 per ton, but expressed optimism that they would pick up this year given lower supplies.
The Honorary President of the TREA is estimating the 2016 white rice exports to decline about 7% to around 4.9 million tons from around 5.26 million tons in 2015. He noted that exports of Thai Hom Mali fragrant rice are expected to fall to around 1.8 million tons this in 2016 from around 1.99 million tons in 2015 because demand for premium rice in the world market is expected to fall given the global economic slowdown. He has estimated Thai parboiled rice exports to fall to 2.2 million tonnes this year from 2.32 million last year because the economies of African countries remained in poor condition and are buying cheaper parboiled rice from India.
Separately, rice farmers, millers and exporters are planning to come up with an initiative called 'mega farm project' to boost production and reduce costs, according to the President of the Thai Agriculturist Association.
Vietnam Rice Sellers Lower Some of Their Quotes Today; Pakistan Rice Sellers Increase Most of Their Quotes
Feb 02, 2016

Vietnam rice sellers lowered their quotes for 100% broken rice by about $5 per ton to about $320-$330 per ton today. Pakistan rice sellers increased their quotes for 5% broken rice, 25% broken rice and 100% broken rice by about $5 per ton each to about $345-$355 per ton,  $315-$325 per ton and $290-$300 per ton respectively. Other Asia rice sellers kept their quotes mostly unchanged today.                              
5% Broken Rice
Thailand 5% rice is indicated at around $370 - $380 per ton, about $20 per ton premium on Vietnam 5% rice shown at around $350 - $360 per ton. India 5% rice is indicated at around $355 - $365 per ton, about $10 per ton premium on Pakistan 5% rice shown at around $345 - $355 per ton.
25% Broken Rice
Thailand 25% rice is indicated at around $355 - $365 per ton, about $15 per ton premium o Vietnam 25% rice shown at around $340- $350 per ton. India 25% rice is indicated at around $325 - $335 per ton, about $10 per ton premium on Pakistan 25% rice shown at around $315 - $325 per ton.
Parboiled Rice          
Thailand parboiled rice is indicated at around $370 - $380 per ton. India parboiled rice is indicated at around $345 - $355 per ton, about $60 per ton discount to Pakistan parboiled rice last shown at around $405 - $415 per ton.
100% Broken Rice
Thailand broken rice, A1 Super is indicated at around $320 - $330 per ton, on par with Vietnam 100% broken rice shown at around $320 - $330 per ton. India's 100% broken rice is shown at around $260 - $270 per ton, about $30 per ton discount to Pakistan broken sortexed rice shown at around $290 - $300 per ton.
Conference Clarifies EU Regulatory Framework on Use of Crop Protection Products in Rice Cultivation
Feb 02, 2016

The Italian farmers union Confagricoltura organized a conference titled "Agricultural Products in rice production: sustainable employment and competitiveness" on February 1, 2016 in Mortara Grain Exchange.
The conference aimed at clarifying the regulatory framework for the use of crop protection products in rice cultivation in Italy.
Around 200 rice growers from Piedmont and Lombardy took part in the conference, which also discussed the new rules on weeding and fertilizing issued by the two Italian region, following the guidelines of new Common Agricultural Policy (CAP).
The conference highlighted that the EU reduced the number of active substances available in the market by about 70% considering their impact on health and environment. This process resulted in even a stronger restriction of the useful actions employable for crop protection and promoted also resistance over time, members said.
In this context, Confagricoltura noted that  the Italian rice growing sector risks losing competitiveness against products from non-EU countries that have fewer restrictions in plant protection, as well as having to give up the role of market leader among EU countries both in terms of quantity and of quality.
Brazil Paddy Rice Index Increases about 1% From Previous Week
Feb 02, 2016

The Brazilian paddy rice index maintained by the Center for Advanced Studies on Applied Economics (CEPEA) reached around 42.36 real per 50 kilograms as of January 31, 2016, up about 1% from around 41.94 real per 50 kilograms recorded on January 25, 2016.
In terms of USD per ton, the index reached around $214.16 per ton on January 31, 2016, up about 3.5% from around $210 per ton recorded a week ago.
Month-on-month, the index has increased about 3.7% from around 40.84 real per 50 kilograms recorded month ago. In terms of USD, the index increased about 3.9% during the month.

2nd February,2016 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

Vietnam Rice Exports Increase 43% y/y in January 1-28 2016
Feb 01, 2016

Vietnam exported about 314,706 million tons of rice in January 1-28, 2016, up about 43% from around 220,388 tons rice exported in January 2015, and about half of around 760,993 tons of rice exported in December 2015, according to data from the Vietnam Food Association (VFA).
The average export price so far in January stands at about $404.5 per ton, down about 10% per ton from a year ago and down about 1% per ton from a month ago.
 In 2015, Vietnam exported around 6.568 million tons, up about 4% from about 6.33 million tons of rice exported in 2014


USDA Post Forecasts Mexico MY 2015-16 Paddy Rice Production to Decline on Low Acreage
Feb 01, 2016

The USDA Post forecasts Mexico's MY 2015-16 paddy rice production at around 195,000 tons, down from around 261,000 tons in MY 2014-15 and down from USDA's official estimates of around 197,000 tons due to an expected decline in paddy rice area.
The Post estimates the MY 2015-16 paddy acreage to decline to around 33,000 hectares, down from around 44,000 hectares in MY 2014-15 and down from USDA's official estimates of around 34,000 hectares due to the impact of adverse weather conditions on the rice producing region of Tabasco. Cold weather reportedly damaged about 1,000 hectares of 2015 spring/summer crop.
The USDA Post forecasts MY 2015-16 rice stocks to decline to around 113,000 tons, down from last year's 152,000 tons and USDA's official estimates of around 114,000 tons.



Government of India Procures 24.47 Million Tons of Rice as So Far in KMS 2015-16, Up 24% from Last Year
Feb 01, 2016

The Food Corporation of India (FCI), the nodal agency for food grain procurement and distribution has procured around 24.47 million tons of rice so far in KMS 2015-16 (October 2015 - September 2016), up about 24% from around 19.66 million tons last year, the Economic Times quoted Food Ministry sources.
Paddy procurement is reportedly completed in Punjab and Haryana, and is on-going in Uttar Pradesh, Chhattisgarh, Andhra Pradesh and Telangana.
Paddy procurement is said to have increased in this season despite a likely reduction in production following poor monsoons. Food Ministry sources noted that the procurement has increased this year due to a decline in prices of common variety of rice in most markets. A Senior Food Ministry official is predicting that if the current trend continues, the overall rice procurement this year could surpass last year's procurement level of 32 million tons.
The government of India is planning to procure around 30 million tons of rice in the KMS 2015-16.
Recently, Food Ministry sources noted that the government of India provided an additional funding of Rs.10,000 crore (around $1.5 billion) to the FCI this month to ensure that it has sufficient funds to pay to the farmers and the state government agencies for procurement of paddy.
The government of India fixed the minimum support price (MSP) of common variety of paddy at around $1,410 per quintal (around $208 per ton) and that of Grade A paddy at $1,450 per quintal (around $214 per ton) for the 2015-16 kharif season.
The Agricultural Ministry has projected the 2015-16 kharif (June - December) paddy rice output at around 90.61 million tons, down from last year's 90.86 million tons due to 14% fall in monsoon rains.
USDA Post Forecasts Brazil MY 2014-15 Milled Rice Production to Decline Due to Heavy Rains, Floods in Main Growing Areas
Feb 01, 2016

The USDA Post forecasts Brazil MY 2014-15 (April 2015 - March 2016) milled rice production to decline to 8.4 million tons, down from USDA's official estimates of around 8.465 million tons due to heavy rains and flooding in the main rice growing region of Rio Grande do Sul. However, the production is estimated to be above 8.3 million tons in MY 2013-14.
Initial reports forecasts losses of up to 15% of the crop in the state, but favorable weather following the floods helped to reduce the anticipated losses to an estimated 4%, says the Post. It estimates 2015-16 milled rice production to decline to 8 million tons due to increased input costs, like irrigation and electricity in 2015.
The USDA Post estimates 2014-15 imports at 450,000 tons, on par with USDA official estimates. It estimates 2014-15 rice exports at 1 million tons, up 18% from the previous year on a strong dollar incentivizing exports, accordign to the Post.
The Post forecasts 2014-15 rice consumption to increase slightly to around 8 million tons, unchanged from USDA's official estimates.
USDA Post Forecasts Brazil MY 2014-15 Milled Rice Production to Decline Due to Heavy Rains, Floods in Main Growing Areas
Feb 01, 2016

The USDA Post forecasts Brazil MY 2014-15 (April 2015 - March 2016) milled rice production to decline to 8.4 million tons, down from USDA's official estimates of around 8.465 million tons due to heavy rains and flooding in the main rice growing region of Rio Grande do Sul. However, the production is estimated to be above 8.3 million tons in MY 2013-14.
Initial reports forecasts losses of up to 15% of the crop in the state, but favorable weather following the floods helped to reduce the anticipated losses to an estimated 4%, says the Post. It estimates 2015-16 milled rice production to decline to 8 million tons due to increased input costs, like irrigation and electricity in 2015.
The USDA Post estimates 2014-15 imports at 450,000 tons, on par with USDA official estimates. It estimates 2014-15 rice exports at 1 million tons, up 18% from the previous year on a strong dollar incentivizing exports, accordign to the Post.
The Post forecasts 2014-15 rice consumption to increase slightly to around 8 million tons, unchanged from USDA's official estimates.
Government of Thailand Decides to File Civil Suits Against Fifteen Private Companies and Individuals in Rice Case
Feb 01, 2016

The government of Thailand has decided to file civil suits to seek compensation from 15 private companies and individuals for their involvement in the rice pledging scheme, local sources quoted the Deputy Prime Minister.
The Deputy Prime Minister told local sources that the government took the decision as the statute of limitation of the cases will expire at the end of next month.
He noted that the concerned authorities are working on the cases and have discussed the issue with the Office of the Attorney-General (OAG).
Recently, the OAG sued seven individuals for reportedly colluding with the former Commerce Minister related to a government-to-government (G2G) deal between the Thai and Chinese governments.
The rice pledging scheme, introduced by the previous government is estimated to have caused losses to the extent of about 500 billion baht (around $14 billion) to the government.
Separately, the President of the Thai Agriculturists Association (TAA) has urged the government to provide soft loans to the extent of 100,000 baht (around $2,810) to farmers who joined the rice plantation integration project, which was launched by the government to help small farmers integrate their rice fields and lower production costs.

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Tumble as Week Starts on Bearish Note; Crude Crashes over 6% on Negative Outlook for China
Feb 02, 2016
Chicago rough rice futures for Mar delivery settled 34.5 cents per cwt (about $8 per ton) lower at $11.05 per cwt (about $243 per ton). The other grains finished the day lower; Soybeans closed about 0.2% lower at $8.8075 per bushel; wheat finished about 0.8% lower at $4.7525 per bushel, and corn finished the day about 0.2% lower at $3.7125 per bushel.
U.S. stocks traded lower Monday, weighed by declines in oil prices and continued softness in manufacturing data. Stocks and Treasury yields held little changed from earlier levels amid comments from Federal Reserve Vice Chairman Stanley Fischer that if recent volatility in global asset markets leads to "a persistent tightening of financial conditions, they could signal a slowing in the global economy that could affect growth and inflation in the United States." Earlier, European Central Bank President Mario Draghi reiterated in a speech the central bank will review and reconsider its policy stance in March. The Bank of Japan surprised markets Friday by adopting a negative interest rate policy. Traders also attributed some of the recovery to beginning-of-month inflows and some optimism on consumer spending as some consumer stocks tried for gains.
 The major economic report for the week is the January nonfarm payrolls report, due Friday. European stocks trimmed losses but held lower as oil's decline and China data weighed. Asian stocks closed mixed, with the Nikkei 225 nearly 2% higher but the Shanghai composite down more than 1.5% and the Hang Seng off about half a percent. In afternoon trade Monday, the Dow Jones industrial average declined 116 points, or 0.7%, to 16,349. The S&P 500 traded down 13 points, or 0.7%, to 1,926, with energy leading eight sectors lower and utilities the top gainer. The Nasdaq composite declined 28 points, or 0.6%, to 4,585. Gold is seen trading about 1% higher, crude oil is seen trading about 5.7% lower, and the U.S. dollar is seen trading about 0.5% lower at about  1:15pm Chicago time.
Friday, there were 1,454 contracts traded, down from 935 contracts traded on Thursday. Open interest – the number of contracts outstanding – on Friday decreased by 522 contracts to 12,859.
Sri Lanka Increases Import Duty on Rice by 43% to $348 per Ton
Feb 01, 2016
The government of Sri Lanka has hiked the import duty on rice to around 50 rupees per kilogram (around $348 per ton) from around 35 rupees per kilogram (around $244 per ton) with effect from January 31, 2016, local sources quoted the Minister of Finance.
The government has reportedly hiked the duty on rice imports to ensure a fair price for rice in the market amid increasing paddy supplies in the market.
India May Soon Strike One Million Ton Rice Export Deal with Indonesia
Feb 01, 2016
The government of India is likely to strike a one million ton rice export deal worth Rs.3,000 crore (around $443 million) with Indonesia shortly, according to local sources.The Indian government will reportedly execute the export contract from the government stocks. The deal is the first major shipment from government stocks since 2003-04, when the government exported around 2.775 million tons of rice from the central pool. The government stopped exporting rice from the central pool since 2005-06.
Sources noted that though the Indonesian government sought for import of around 1.5 to 2 million tons, the Indian government agreed to export only one million tons.The Indian government is understood to sell rice at economic cost or procurement costs and freight, according to local sources. The economic cost of rice (of 2015-16 season) is Rs.32,580 (around $481) per ton for common variety and Rs.33,300 (around $492) per ton for higher grade, according to the Food Corporation of India (FCI) sources.
Indonesia's state logistics agency Bulog and India's public sector trading company Metals and Minerals Trading Corporation of India (MMTC) will reportedly execute the contract.
India’s rice stocks in the central pool as of January 1, 2015 stood at around 26.025 million tons (including a milled equivalent of about 13.34 million tons of paddy) against the required buffer norms of around 7.61 million tons, according to the FCI.
Thailand Plans to Sell 500,000-600,000 Tons of Rice from Stockpiles in February 2016
Feb 01, 2016
The government of Thailand is planning to sell 500,000 to 600,000 tons of rice from stockpiles later this month; Reuters quoted the Commerce Ministry Permanent Secretary."The opening of the auction of 500,000 to 600,000 tonnes of rice will be divided in two lots," the official told reporters. "One lot would be Grade C for industrial use, including animal feed, and the second lot would be "good grade" rice for human consumption," she added.
The official said the interested parties can check the rice in warehouses after the Ministry announces the terms of reference. She assured that market prices of rice won't be affected due to the current auctions as paddy from the 2015-16 crop has already reached the market.The government currently holds about 13 million tons of rice in its stockpiles and it is reportedly planning to clear the stocks by the end of 2017.
Thailand Rice Sellers Increase Some of Their Quotes Today; Pakistan Rice Quotes Mixed
Feb 01, 2016

Thailand rice sellers increased their quotes for 5% broken rice, 25% broken rice and Hommali rice by about $5 per ton each to about $370-$380 per ton. $355-$365 per ton and $690-$700 per ton respectively today.  Pakistan rice sellers increased their quotes for 25% broken rice by about $5 per ton to about $310-$320 per ton and lowered their quotes for 100% broken rice by about $5 per ton to about $285-$295 per ton. Other Asia rice sellers kept their quotes mostly unchanged today.                              
5% Broken Rice
Thailand 5% rice is indicated at around $370 - $380 per ton, about $20 per ton premium on Vietnam 5% rice shown at around $350 - $360 per ton. India 5% rice is indicated at around $355 - $365 per ton, about $15 per ton premium on Pakistan 5% rice shown at around $340 - $350 per ton.
25% Broken Rice
Thailand 25% rice is indicated at around $355 - $365 per ton, about $15 per ton premium on Vietnam 25% rice shown at around $340- $350 per ton. India 25% rice is indicated at around $325 - $335 per ton, about $15 per ton premium on Pakistan 25% rice shown at around $310 - $320 per ton.
Parboiled Rice          
Thailand parboiled rice is indicated at around $370 - $380 per ton. India parboiled rice is indicated at around $345 - $355 per ton, about $60 per ton discount to Pakistan parboiled rice last shown at around $405 - $415 per ton.
100% Broken Rice
Thailand broken rice, A1 Super is indicated at around $320 - $330 per ton, on par with Vietnam 100% broken rice shown at around $320 - $330 per ton. India's 100% broken rice is shown at around $260 - $270 per ton, about $25 per ton discount to Pakistan broken sortexed rice shown at around $285 - $295 per ton.
Update: Thailand to Auction 570,000 Tons of Stockpiled Rice on February 16 and 17, 2016
Feb 01, 2016
Thailand will sell 570,000 tons of stockpiled rice on February 16 and 17 for human consumption and industrial use, Reuters quoted the Commerce Permanent Secretary.She noted that: "the size of the first auction of "good rice" will be about 204,000 tons while the second lot will be about 360,000 tons."Warehouses storing the rice will be open for inspection from February 2 to 10, 2016, said the official.
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