Monday, February 16, 2015

9th February,2015 Daily Global Rice E_Newsletter by Riceplus Magazine

Nigeria, Ghana, Others to Benefit from $3.3m Rice Production Grant

10 Feb 2015

Special Adviser to President Goodluck Jonathan on the New Partnership for Africa’s Development (NEPAD), Mrs. Fidelia Njeze
Dele Ogbodo in Abuja
Description: 100215F-Fidelia-Njeze.jpg - 100215F-Fidelia-Njeze.jpgFour African countries-Nigeria, Burkina Faso, Ghana and Tanzania - are to benefit from the $3.3 million grant provided by Bill and Melinda Gates (BMGF) and the German Development Cooperation (BMZ), under their Competitive African Rice Initiative (CARI) project.The implementing institutions of the grant are led by GIZ, Technoserve, the John A. Kufuor (JAK) and Kili Trust (KT). The project, which will end in 2017 is targeting about 120,000 small scale rice producers, while secondary beneficiaries are the rural service providers and rice millers.

The initiative is geared towards improving their sourcing capacity of quality supply.Speaking on the establishment of the Nigeria/ECOWAS Rice Sector Policy and Regulation Advocacy Platform in Abuja, CARI’s project coordinator, Mr. Stefan Kachelriess-Matthess, stated that the main instrument for the implementation of CARI across the four countries on the matching grant will be on the basis of Public Private Partnership (PPP).

Kachel-Matthess said: "The projects are implemented at two levels of support, we support up to 40 percent of implementation cost and our Nigerian partners in the private sector have to provide 60 per cent of the implementation cost."In her remarks, the Special Adviser to President Goodluck Jonathan on the New Partnership for Africa’s Development (NEPAD), Mrs. Fidelia Njeze, who was represented by Mrs. Jael Kpatuwak expressed the hope that the CARI project will address coordination failures, create better linkages among rice value chain actors, the result which, she said, will lead to increase in the economic returns for all stakeholders.She said the sector holds the key to getting Nigeria out of poverty as it provides food security, employment for the teeming population and creating the platform for a diversified economy towards an industrialisation revolution.

Njeze said: “this focus on rice commodity is most strategic for Nigeria and the West African sub-region which imports close to 50 percent of rice from foreign countries outside the shores of the African continent.“In the last couple of years, Nigeria spent approximately N1 billion daily on rice importation. This has led to the export of our jobs and financial resources meant for the transformation of the domestic rice sector in order to achieve self-sufficiency and exports.

”According to her, the German Development Cooperation has been a major partner to NEPAD in the implementation of the Comprehensive Africa Agriculture Development Programme (CAADP), adding that GIZ had supported the organisation Nigeria’s CAADP country team orientation workshop in 2011.Also speaking at the event, the ECOWAS Commissioner of Agriculture, Environment and Water Resources, Dr. Lapodini Marc Atouga, represented by a Director at the Commission, said rice consumption in the last two years in the sub-region had increased from 7 to 7.7 million tons, pointing out this clearly shows that production is not matching up with the consumption as it has to depend on international imports for 40 per cent of its rice supply with Thailand and Vietnam as the leading suppliers of the commodity to the region.

As a way of achieving its regional Agriculture Investment Programme (RAIP), he said the Commission went a step further to develop projects and programmes that will increase rice production and productivity in the region.While commending the various initiatives, he said ECOWAS welcomes the setting up of an advocacy platform for rice in Nigeria.He said: "I will like to commend GIZ/CARI foor this timely initiative. The need to have a permanent and functional platform to promote rice development cannot be overemphasised."With the current interventions on rice in the West Africa region we must all endeavour to build sustainable rice value chains with access to finance, technology and knowledge to move the region from a rice deficit to a rice surplus one."

Where has the RM300 rice subsidy gone?


 2015-02-09 14:22
Translated by SOONG PHUI JEE

Sin Chew Daily
Kedah Regency Council deputy chairman and two rice millers have lodged a report to the Malaysian Anti-Corruption Commission (MACC) against Agriculture and Agro-Based Industry Minister Datuk Seri Ismail Sabri Yaakob over suspected power abuse in handling rice subsidy, exposing drawbacks in the RM500 million subsidy for Super Tempatan ST15% broken rice. Poor people are unable to purchase subsidied rice, due to allegedly pocketing problems involving senior officials in the government.However, Ismail Sabri, who was severely criticised recently for harming racial harmony due to his boycott call, has distanced himself from the allegation, claiming that he has no supreme decision-making power in the government’s ST15% national rice subsidy programme.
He said that the supply of the subsidised rice is handled by the commission led by the Ministry's Secretary-General. As the Agriculture and Agro-Based Industry Minister, how could Ismail Sabri pass the buck just like that? The accusation does not seem to be baseless as it was openly pointed out by the Kedah Regency Council deputy chairman, who is a rice miller himself.It was reported that the Kedah Regency Council deputy chairman has his rice supply quota cut from 1,000 tons to 100 tons as he refused bribery while the supply of other rice millers were completely cut off. It is believed that many other millers are facing the same problem, showing that corruption problems in the rice subsidy programme has become increasingly serious.
The government implements the ST15% national rice subsidy programme and subsidies 60,000 tons of rice each month, with RM750 subsidy for each ton. However, rice millers receive only RM450 for each ton while the other RM300 was said to have passed to specific officials in the Ministry. If such a saying is true, it shows the existence of corruption practices and who are the so-called specific officials? The MACC must investigate where has the RM300 gone.
The purpose of the government to spend RM500 million for rice subsidy each year is to allow the poor buy cheap rice, helping them to ease financial burden. The intention is good, but has unfortunately been abused by corrupt officials and unscrupulous rice millers, who turn ST15% broken rice into ST5% rice to gain profits from it, causing ST15% rice can no longer be seen in the market, and the poor still need to buy expensive rice. The government's subsidy has only benefited the senior officials. The Agriculture and Agro-Based Industry Ministry has failed to properly implement the rice subsidy programme and many problems have derived from it. The Minister's capability should be questioned.
To solve the problem of abusing rice subsidy, the government must make a thorough reform, such as revoking the quota system for Bumiputera rice millers. The Ministry allegedly allows only Malay rice millers to enjoy the subsidy while shutting the door to Chinese rice millers, rather allowing Malay millers to store up to 6,000 tons of rice and Chinese rice millers to face shortage of supply. Unfair policy is also a factor causing corruption and abuse of power.Since Kedah Regency Council deputy chairman has lodged a report against the Agriculture and Agro-Based Industry Minister and officials, we hope that the MACC can launch a thorough investigation on involving wholesalers, millers and officials in the ministry to lift the doubts of the people, as well as allow the poor to enjoy the rice subsidy.

Source with thanks:http://www.mysinchew.com/node/105893

 

Where has the RM300 rice subsidy gone? — Sin Chew Daily

PUBLISHED: FEBRUARY 10, 2015 10:29 AM

FEBRUARY 10 — Kedah Regency Council deputy chairman and two rice millers have lodged a report to the Malaysian Anti-Corruption Commission (MACC) against Agriculture and Agro-Based Industry Minister Datuk Seri Ismail Sabri Yaakob over suspected power abuse in handling rice subsidy, exposing drawbacks in the RM500 million subsidy for Super Tempatan ST15 per cent broken rice.
Poor people are unable to purchase subsidied rice, due to allegedly pocketing problems involving senior officials in the government.However, Ismail Sabri, who was severely criticised recently for harming racial harmony due to his boycott call, has distanced himself from the allegation, claiming that he has no supreme decision-making power in the government’s ST15 per cent national rice subsidy programme. He said that the supply of the subsidised rice is handled by the commission led by the Ministry’s Secretary-General. As the Agriculture and Agro-Based Industry Minister, how could Ismail Sabri pass the buck just like that? The accusation does not seem to be baseless as it was openly pointed out by the Kedah Regency Council deputy chairman, who is a rice miller himself.

It was reported that the Kedah Regency Council deputy chairman has his rice supply quota cut from 1,000 tons to 100 tons as he refused bribery while the supply of other rice millers were completely cut off. It is believed that many other millers are facing the same problem, showing that corruption problems in the rice subsidy programme has become increasingly serious.The government implements the ST15 per cent national rice subsidy programme and subsidies 60,000 tons of rice each month, with RM750 subsidy for each ton. However, rice millers receive only RM450 for each ton while the other RM300 was said to have passed to specific officials in the Ministry. If such a saying is true, it shows the existence of corruption practices and who are the so-called specific officials?

The MACC must investigate where has the RM300 gone.The purpose of the government to spend RM500 million for rice subsidy each year is to allow the poor buy cheap rice, helping them to ease financial burden. The intention is good, but has unfortunately been abused by corrupt officials and unscrupulous rice millers, who turn ST15 per cent broken rice into ST5 per cent rice to gain profits from it, causing ST15% rice can no longer be seen in the market, and the poor still need to buy expensive rice. The government’s subsidy has only benefited the senior officials. The Agriculture and Agro-Based Industry Ministry has failed to properly implement the rice subsidy programme and many problems have derived from it. The Minister’s capability should be questioned.

To solve the problem of abusing rice subsidy, the government must make a thorough reform, such as revoking the quota system for Bumiputera rice millers. The Ministry allegedly allows only Malay rice millers to enjoy the subsidy while shutting the door to Chinese rice millers, rather allowing Malay millers to store up to 6,000 tons of rice and Chinese rice millers to face shortage of supply.
Unfair policy is also a factor causing corruption and abuse of power.Since Kedah Regency Council deputy chairman has lodged a report against the Agriculture and Agro-Based Industry Minister and officials, we hope that the MACC can launch a thorough investigation on involving wholesalers, millers and officials in the ministry to lift the doubts of the people, as well as allow the poor to enjoy the rice subsidy. — Sin Chew Daily
* This is the personal opinion of the writer or organisation and does not necessarily represent the views of Malay Mail Online.

AMTek Microwaves lends equipment for research in rice drying, processing


Posted: Monday, February 9, 2015 12:00 am

Bringing in a microwave to dry harvested rice could do more than just get the job done faster. Researchers at the University of Arkansas System Division of Agriculture seek to use it to prevent cracking of dried rice kernels and maintain milling quality.The Food Science Department is working with equipment on loan from AMTek Microwaves of Cedar Rapids, Iowa, to determine the capabilities.

“This is new for rice, especially for drying rice,” said Griffiths Atungulu, an assistant professor of grain processing and engineering in the department who is leading the research effort. “Traditionally, rice has been dried in the U.S. using natural air in-bin, and heated-air, high-temperature cross-flow drying systems. The microwave is another potential new technology. We are working with AMTek to see how we can optimize the new technology to maintain quality of the dried rice.”
Atungulu sees considerable potential for microwave drying and the benefits it can offer in rice processing. Microwave dryers use volumetric heating—heating the entire kernel nearly all at once—that may allow for rapid drying. The volumetric heating of rice accorded by microwaves reduces chances of high moisture content gradients developing in the rice kernels, which in turn reduces the likelihood of kernels cracking from stress.

When such cracking is prevented, the kernels are less susceptible to breakage during milling. Breakage can reduce the rice milling yield, which has a negative economic impact for rice producers and processors.“One of the things we look for is to dry rice quickly, but in ways that maintain rice quality in terms of milling, nutrition, sensory and functionality.” Atungulu said. “Rice milling quality is very sensitive to moisture content and temperature gradients encountered during drying. This particular equipment is designed with modular processing features, which we hope to optimize with an optimal goal that rice could be dried to safe storage moisture content in a single pass and not introduce huge moisture content gradients that might produce fissures or cracking.
”Atungulu also sees some potential for using the technology to achieve not only drying but also disinfestation and decontamination of any insects that may be deleterious to rice quality during storage.The research project being pursued by Division researchers would be on a pilot-scale using the AMTek microwave and other facilities on campus. The results could be applicable on a larger industrial scale. Atungulu said it is important to experiment with various bed-layer thicknesses on the conveyor belt to determine drying characteristics. The microwave energy supplied to mass amounts of rice such as would be the case in a scaled-up process should take into account the thickness of the rice bed and initial moisture content.“Those are some of the parameters we need to define very carefully.

” Atungulu said. “What is that optimal bed thickness? What intensity of heat does the microwave correspond to that will give us desired drying duration and product quality for rice at a given initial moisture content? Those must be determined before anyone can begin thinking about scaling up for industry.”The research team expects to work on the project while testing different cultivars of rice and at different seasons. The company’s equipment is on loan throughout that process, said Stephen Rogers, AMTek vice president.

AMTek joined with the Division of Agriculture after the company was asked by a foreign nation to develop a rice drying machine, Rogers explained. He said AMTek personnel weren’t familiar with rice drying techniques, but then they discovered papers on the topic written by Atungulu and Terry Siebenmorgen, director of the Division’s Rice Processing Program.“So we contacted them and have been working to establish this relationship to have them help us figure out how to dry rice using microwaves,” Rogers said. The project is expected to take three years.

Authentic American Rice Logo Debuts in Mexico 
 
MEXICO CITY, MEXICO -- The USA Rice Federation officially unveiled the first ever American rice origin seal for an overseas market at a trade and press breakfast event here last Thursday.  The purpose of the logo is to allow the Mexican consumer to easily identify the high quality, consistency, and safety of American-origin rice, heretofore difficult for the public. The logo kick-off for "Arroz Americano Autentico" drew more than 40 members of the Mexican rice trade, as well as representatives of the U.S. Embassy, Agricultural Trade Office, Mexican Rice Council, major packers, millers, culinary school directors, magazine editors, supermarket reps, and TV and newspaper reporters.
 "I love the logo which clearly identifies the U.S. as the quality origin of rice, and kudos to USA Rice for the initiative," said Joseph Lopez, Acting Minister Counselor for Agricultural Affairs and Director of the U.S. Agricultural Trade Office in Mexico."We're the largest importer of U.S. paddy rice and we are interested in the growth of our brands," said Karen Reiterhart, Marketing Manager of Schettino Hermanos.  "We consider the logo is going to help distinguish our brand as the highest quality and safest in the market."

"The logo lets the consumer distinguish the high quality, food safety, and research that goes into American rice," said Guillermo Cardenas, Director General of Agri-Grain, a key importer of U.S. rice, and President of Consejo Agroalimentario de Productos Básicos, a trade group of major importers, wholesalers, and distributors of basic commodities.   "Congratulations to USA Rice.  We look forward to using the new logo for our leading U.S.-origin rice brand," said Alejandro Alvarez, Director General of La Merced, the second most popular rice brand in Mexico.USA Rice Vice President of International Promotion Jim Guinn, attended the event and said, "The Authentic American Rice quality seal will be promoted by USA Rice in Mexico specifically emphasizing the quality, versatility, safety, and consistency of U.S. rice.  Co-promotions are being planned for those packers and distributors that utilize the logo."
 Contact:  Marvin Lehrer (210) 663-0360
Source with thanks:USA Rice Federation
CME Group/Closing Rough Rice Futures  
CME Group (Prelim):  Closing Rough Rice Futures for February 9
Month
Price
Net Change

March 2015
$10.435
- $0.305
May 2015
$10.690
- $0.310
July 2015
$10.945
- $0.305
September 2015
$10.955
- $0.145
November 2015
$11.010
+ $0.065
January 2016
$11.100
+ $0.065
March 2016
$11.100
+ $0.065


 

Source with thanks:USA Rice Federation

 

CAMBODIA PRESS-Rice federation may rely on banks, govt for capital - Cambodia Daily


By REUTERS
The Cambodian Rice Federation plans to borrow at least $400,000 for international marketing campaigns if it fails to meet its goal of raising $777,000 for the plans through export fees on members, Cambodia Daily reported, citing president Sok Puthyvuth.Puthyvuth said the federation may turn to commercial banks or the government to cover costs, or even look further afield, it reported.
(http://bit.ly/1KyvIdX)
----
NOTE: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Phnom Penh Newsroom; Editing by Biju Dwarakanath)

Egyptian rice exporters say tariff is too high

Mon Feb 9, 2015 7:42am GMT 
"Effectively, what you are doing is paying the government around $480 a tonne to export while the value of the rice is around $400 which makes you end up with a cost and freight price of around $880 a tonne," another rice exporter, Adham El Welely, executive director of El Welely group, said.Egypt, which produced around 4.3 million tonnes of rice in the 2014 season, only consumes around 3.3 million tonnes.Egyptian medium grain rice mainly competes with U.S., Russian and Italian rice on the international market with some rice from those countries selling for around $750 a tonne.
"We used to export around 120,000 tonnes a year before the ban was imposed, mainly to Middle East markets such as Syria, Turkey, Kuwait and Dubai," El Welely said.El Welely has licences to export around 5,000 tonnes under the new system and has so far exported around 1,000 tonnes, mainly to Syria.Egypt first imposed a ban on exports in 2008 saying it needed to save the rice for local consumption and wanted to discourage rice farmers from growing the crop to save water.However, rice exporters have complained that the ban on free exports has led to illicit trading.
"When smugglers sell the rice at $750 a tonne they make an almost 100 percent profit on it and there are a million ways they find to do that," Karim Otabachi, import and export manager of Egyptian grains trader Wakalex said.One way is to buy cheaper Indian rice for re-export and then substitute those exports with Egyptian rice, leaving the Indian rice to be sold on the local market instead. ($1 = 7.6300 Egyptian pounds) (Editing by Greg Mahlich)
Investors eye Myanmar's rich potential for rice growing
PETCHANET PRATRUANGKRAI
THE NATION February 9, 2015 1:00 am
MYANMAR may go back to being one of the world's major rice exporters in five to 10 years, as many Thai and foreign investors are looking to expand in rice mills and farms in the country.Thai traders and experts all believe that Myanmar has great potential to become a major rice producer in the near future because it has plenty of land with good quality soil for raising rice, abundant water and a strategic location for distributing rice. Vichai Sriprasert, honorary president of the Thai Rice Exporters Association, said last week that some rice millers and exporters have started exploring Myanmar to establish mills and parboiled rice processing plants after realising the country's potential to produce large quantities of the commodity for export.

Thai investors are studying Myanmar's investment laws and regulations. Once all issues are clarified, they can start investing in a few years," he said. Most investors are considering setting up large-scale rice mills to make their investment worthwhile. To build a large mill that processes up to 500 tonnes of rice a year, an investment of up to Bt300 million is required, not including the cost of land. The areas that Thai rice traders are eyeing are around Yangon and in rice-growing areas along major rivers in Myanmar, such as the Ayeyarwaddy River and Bago, which flows through the central region, the Thanlwin or Salween River, which connects to Thailand, and the Sittaung River, which lies in the east-central part of the country.

Besides the existing rice growing areas, 40 million to 50 million rai of land in the country could be developed and promoted for growing rice.Other foreign investors that are also keen on investing in the farming industry, including rice, come from mainland China, Japan and Korea, and from the Middle East.Myanmar used to be the world's largest rice supplier before the 1980s. However, after the military government closed the country, local farmers shunned rice, as the returns became less attractive. However, to invest in rice or other farming businesses, Thai companies need to form a joint venture with local operators, as local farming businesses are restricted to only Myanmar citizens.Chareon Laothammatas, president of the association, said that with the food security policy of many foreign governments, many rice importing countries are looking to expand to developing countries including Myanmar and other countries in Asean.

According to the US Department of Agriculture, Myanmar is projected to export 1.3 million-1.5 million tonnes of rice this year, up from about 1.3 million tonnes last year. In 2014-15, rice production in Myanmar is forecast to increase by 1 per cent to 12.16 million tonnes in anticipation of continued expansion of the growing area. The construction of eight dams, which were targeted to be completed last year, and the renovation of drainage canals in flood zones and deep-water areas in the Ayeyarwaddy region, are likely to increase the planting acreage for dry season rice.Aat Pisanwanich, director of the Centre for International Trade Studies, said Myanmar is one of the high-potential countries that have attracted the interest of many Thai investors and rice is one of the potential businesses.

Rice production in Myanmar is cheaper than in Thailand, while Myanmar has many positive factors including plenty of space, water supply and a location to support rice growing and exporting.The study found the cost of rice production in Myanmar is about Bt7,122 per rai, and could be lower after state dams are built and operating.

The centre's study also forecast that Thailand would lose a total of Bt87.5 billion (or Bt8.7 billion per year) in rice exports to 2022 if a serious effort is not made to develop the industry. The Thai share of the world market is tipped to drop to 2.3 per cent from 2.5 per cent last year.
The lost market share will go to neighbouring countries - Vietnam and Myanmar. Thailand's market share in Asia would slump from 1.3 per cent in 2013 to just 0.3 per cent in 10 years because other rice-exporting nations - mainly Vietnam, Cambodia and Myanmar - will play a more significant role in supplying the continental market.


China to help build rice mills


Published on Monday, 09 February 2015 08:22
Under a contract signed between Myanmar and China, 200-tonne advanced rice mills will be built in Nyaungdone, Ayeyarwady Region, according to the Myanmar Rice Millers Association (MRMA).“Myanmar Rice Miller Company is formed under the MRMA. The company has signed an agreement with the China CAMC Engineering Co (CAMCE). Under the agreement, both sides will cooperate on the construction of the international-standard rice mills. Afterwards, we will carry out rice grinding and then export quality rice to China as well as to other international markets,” said Nay Lin Zin, joint secretary from the MRMA. 

The construction will start this year and is due to be completed by 2017. “We have brought the plots of land for the first rice mill in Sarmalauk in Nyaungdone, and will build two 200-tonne rice mills. As a first step, we will build a 200-tonne rice mill,” he added. Under the deal between the Myanmar Rice Federation and the Chinese firm, COFCO, China will purchase 100,000 tonnes of rice at the market price after the completion of the work. The MRF will coordinate the direct sales of rice with COFCO, with both sides preparing the grinding and export of the rice types and quality favoured in China.

H1 rice import on meteoric rise
Yasir Wardad
Rice import surged 440 per cent in the first half (H1) of the current financial year, traders said, in a peculiar paradox while the government has opted for and already begun export of the staple.Millers lament that the rice import on such a large scale is posing a serious threat to local rice mills.Food Ministry officials said the volume of imports in the July-January period of the current financial year (FY'15) surpassed the overall import made in the FY '14.Bangladesh Bank's latest data shows private traders imported rice worth $248.5 million (settled LCs) in July-December period of the current fiscal. The figure was only $46.1 million in the corresponding period of the FY '14.
The overall import of rice amounted to $377.22 million in the FY '14.The central-bank data shows that private importers brought in rice worth $60 million just in December.An official at the Directorate-General of Food (DGoF) said importers brought 0.72 million tonnes of rice in the July-January period of the FY '15. The overall import in the FY '14 was 0.371 million tonnes.Local millers have almost trembled down as nearly 60 per cent of mills were forced to stop their operation in the peak 'rice-milling season' following the import coupled with the ongoing political turmoil that severely hampered transportation, said leading mill owners.
Secretary of Bangladesh Auto Major and Husking Mills Owners' Association (BAMHMOA), the biggest platform of the country's rice millers, KM Layek Ali said that the sector was in a big trouble due to the import and the ongoing blockade.He pointed out that the government fixed Aman-rice price at Tk 33 per kilogram while the importers brought rice at prices below Tk 27-28 per kg from India."The millers are facing an uneven competition which may have a disastrous impact on market stability in future," he said.He made a disconcerting disclosure that 60 per cent out of 20,000 mills across the country stopped their operation. It will, in his assumption, have a serious impact on the market as prices of the staple may shoot up significantly.
Shahidur Rahman Patwary Mohan, an executive member of BAMHMOA, said: "Apart from imports, the ongoing political turbulence also has battered our business."He said in peak seasons like Boro and Aman farming, millers husk nearly 60,000 tonnes of paddy per day (for three months) which has been reduced to just 15,000 tonnes.The milling crash occurred as orders from Dhaka, Chittagong and elsewhere in the country are being cancelled in fear of vandalism on highways. He said truck owners were not willing to run their vehicles and the owners who were taking risks were charging double fares.

According to him, in addition to about 22 million farmers, nearly 7.0 million people are directly involved with rice milling while another 4.0 million indirectly depend on it.The industry leader said: "The mill owners and the workers are passing a tough time due to the imports and blockades."Most of the mills depend on bank loans and count interest of 17-19 per cent which is adjusted on a three-month basis. And "hundreds of millers will turn loan defaulters, if this present trend continues".
Economist Dr Md Enamul Hoque said the government should have checks and balances on local production, supply and price trend before initiating a perfect rice import policy. "It is necessary to safeguard the local rice mills which are the compulsory segment for ensuring food security in the country."According to the Bangladesh Bureau of Statistics, overall rice production in the last financial year (FY'14) was at an all-time high of 34.35 million tonnes against the local demand for 31.0 million tonnes.

Research and Markets: Global Rice Seed Industry Report 2014


February 9, 2015 
  Research and Markets
(http://www.researchandmarkets.com/research/jnp62f/global_rice_seed) has announced the addition of the "Global Rice Seed Industry Report 2014" report to their offering.The report provides an overview of the industry including definitions, classifications, applications and industry chain structure. The rice seed market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.Development policies and plans are also discussed and manufacturing processes and cost structures analyzed.
Rice seed industry import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.The report focuses on nineteen industry players providing information such as company profiles, product picture and specification, capacity production, price, cost, production value and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out. The rice seed industry development trends and marketing channels are analyzed. Finally the feasibility of new investment projects are assessed and overall research conclusions offered.
Key Topics Covered:
1.      Rice Seed Industry Overview
2.      Rice Seed International and China Market Analysis
3.      Rice Seed Technical Data and Manufacturing Plants Analysis
4.      Rice Seed Production by Regions By Technology By Applications
5.      Rice Seed Manufacturing Process and Cost Structure
6.      2009-2014 Rice Seed Productions Supply Sales Demand Market Status and Forecast
7.      Rice Seed Key Manufacturers Analysis
8.      Up and Down Stream Industry Analysis
9.      Rice Seed Marketing Channels Analysis
10.  2015-2020 Rice Seed Productions Supply Sales Demand Market Status and Forecast
11.  Rice Seed Industry Development Proposals
12.  Rice Seed New Project Investment Feasibility Analysis
13.  Global Rice Seed Industry Research Conclusions
Companies Mentioned
·         Bayer
·         CP Seed
·         China National Seed
·         Dabeinong
·         Dupont Pionner
·         Gansu Dunhuang Seed
·         Grand Agriseeds
·         Grand Agriseeds Technology, Inc
·         HEFEI FENGLE SEED
·         Hancock Farm & Seed Company
·         Jiangsu Dahua
·         Kester's Nursery
·         Longping High-tech
·         Nidera
·         Syngenta
·         The Great Northern Wilderness Kenfeng seed Limited by Share Ltd
·         Winall Hi-tech Seed
·         Zhongnongfa Seed
·         Goldoctor
Cheated 'Rice Berry' farmers paid
Published: 9 Feb 2015 at 17.18 Online news: General
Writer: Chinnawat Singha
 Farmers in Phitsanulok's Bang Rakam district have received overdue money from their rice berry. (Bangkok Post photo)
PHITSANULOK - A group of farmers who delivered their crops of a new strain of grain, Rice Berry, to a wholesaler but did not get paid have finally received the first down payment on their harvests. The 71 farmers last year delivered a total of 600 tonnes of Rice Berry, a new strain of premium quality   rice, to Amporn Pholthao.They said he persuaded the group to grow the new strain and promised them a high price. Five months after delivering their grain the farmers still had not received any money, so they sought for help from the agricultural ministry’s local office.The farmers, assisted by agriculture officials, have so far sold 200 tonnes of their rice, earning 1.18 million baht in total, The money was distributed to between the farmers on Monday by Anan Kittrattanwasin, the chief of Bang Rakam district.
Farmers show their overdue money received on Monday. Direk Yimhoi, chief of the district’s Agricultural Extension Office, said the office would try to find buyers for the remaining rice at 11,000 baht a tonne, and hoped to market the grain, a form of black rice, in the near future.He suggested farmers who want to invest in new crops or new projects should first consult his office to prevent problems. His staff could assist with technical issues and quality examination, and with marketing. 

In July 2012 it was announced Thai scientists had developed new rice strains with a high anti-oxidant component that could help  prevent the development of cancer and thalassemia.Rice Science Centre then-director Apichart Vanavichit earlier said the new strains, Rice Berry and Sin Lek, were full of anti-oxidants, iron and magnesium substances based on a clinical test by Kasetsart University.The bran and bran oil of Rice Berry contained lupeol that could help prevent cancer cell development or even kill the cells, he said.

Source with thanks: The Bangkok Post

Paddy procurement target fixed

 

It has been planned to procure five lakh tonnes paddy through Direct Purchase Centres (DPC) established to benefit farmers in Thanjavur district during the current harvest season. With samba harvest in full swing, staff at the DPCs in many places are having their hands full as the heavy arrivals reflect the positive response from farmers.Paddy has been raised in over 1.35 lakh hectares under samba and thalady crops in Thanjavur district this season. Harvest has peaked in many regions of the district as so far over 55,000 hectares have been completed.
On the remaining 85,000 hectares, harvest would be undertaken soon for which the Agriculture Department, district administration, and the State Government were extending all facilities to farmers by offering them remunerative price for their produce, Dr. Subbaiyan said.Based on the demand from farmers, the TNCSC has established 308 DPCs across the district through which so far 60,000 tonnes of paddy had been procured from farmers against which Rs. 8.75 crore has been disbursed to the suppliers. To monitor the procurement process, 14 flying squads had been pressed into service
Commodity-wise, Market-wise Daily Price on 09-02-2015
Domestic Prices
Unit Price : Rs/Qtl
Product
Market Center
Variety
Min Price
Max Price
Maize
1
Amirgadh (Gujarat)
Other
1410
1410
2
Athani (Karnataka)
Local
1150
1200
3
Saharsa (Bihar)
Other
1400
1450
Jowar (Sorgham)
1
Haveri (Karnataka)
Local
1100
1130
2
Botad (Gujarat)
Other
1000
1000
3
Kota (Rajasthan)
Other
1470
1500
Papaya
1
Batala (Punjab)
Other
1500
1600
2
Palampur(Himachal Pradesh)
Other
1800
2000
3
Dadri(Uttar Pradesh)
Other
1400
1620
Brinjal
1
Chala (Kerala)
Other
2800
2850
2
Jowai (Meghalaya)
Other
2000
4000
3
Bonai (Orissa)
Other
1500
2000
Source: agmarknet
Egg
Rs per 100 No.
Price on 09-02-2015
Product
Market Center
Price
1
Ahmedabad
309
2
Namakkal
290
3
Hyderabad   
275
Source: e2necc.com
International Benchmark Price
Price on: 09-02-2015
Product
Benchmark Indicators Name
Price
Apricots
1
Turkish No. 2 whole pitted, CIF UK (USD/t)
6125
2
Turkish No. 4 whole pitted, CIF UK (USD/t)
4875
3
Turkish size 8, CIF UK (USD/t)
3625
Currants
1
Greek provincial, CIF UK (USD/t)
1619
2
Greek Vostizza, CIF UK (USD/t)
1739
Honey
1
Argentine 50mm, CIF NW Europe (USD/t)
4360
2
Argentine 85mm, CIF NW Europe (USD/t)
4310
3
Australian extra light/light amber, CIF NW Europe (USD/t)
5340
Source:agra-net
Other International Prices
Unit Price : US$ / package
Price on 09-02-2015
Product
Market Center
Origin
Variety
Low
High
Mangoes
Package: flats 1 layer
1
Atlanta
Peru
Kent
11
12
2
Detroit
Ecuador
Kent 
9
10
3
Miami
Peru
Kent
10
10
Cabbage
Package: 50 lb cartons
1
Atlanta
Florida
Round Green Type
10
13
2
Detroit
 Georgia
Round Green Type
12
14.50
3
Miami
Florida
Round Green Type
11
12
Apples
Package: cartons tray pack
1
Atlanta
Idaho
Red Delicious
10
10.50
2
Baltimore
New York
Red Delicious
22
22


9th February 2015 Daily Exclusive ORYZA Rice E_Newsletter by Riceplus Magazine

Egyptian Rice Exporters Complain of High Export Tariffs and Increasing Contraband Trade

Feb 09, 2015

Description: Description: http://oryza.com/sites/default/files/field/image/150209egyptrice.jpgEgyptian rice exporters are not able to export high amounts of rice this year due to high export tariffs imposed by the government, according to Reuters.In October 2014, the government removed the ban on rice exports, which it first imposed in 2008 to save rice for local consumption. But it required the exporters to sell one ton of medium-grain rice at about 2,000 Egyptian pounds (around $279) to the General Authority for Supply Commodities (GASC) for every ton of rice they export, as well as pay an export tariff of around $280 per ton of rice exported.
The exporters are complaining that a export tariff of about $480 per ton for a ton of rice worth $400 is forcing them to set the export prices at about $880 per ton (including cost and freight) and is leaving little scope for profits.While the government is targeting to export around one million tons of rice before September 2015, exporters are worried if they can reach the target. They say Egyptian rice competes with the U.S., Russian and Italian rice in the international market and all those are selling at around $750 per ton.
They are worried that the Egyptian rice is becoming uncompetitive in the global market due to high export tariffs.They also expressed concern that contraband trade with the neighboring countries has been increasing. They noted that smugglers have been selling rice at around $750 per ton in those countries and are making huge profits.Egypt is expected to produce around 4.3 million tons of rice this year, while the country's consumption needs are at around 3.3 million tons. Therefore the country has around 1 million tons of surplus rice, which can be exported.USDA estimates Egypt to produce 4.5 million tons of milled rice and export around 500,000 tons in MY 2014-15 (October - September).

Global Rice Quotes
February 9th, 2015
Long grain white rice - high quality
Thailand 100% B grade   415-425                ↔
Vietnam 5% broken        350-360                ↔
India 5% broken               395-405                ↔
Pakistan 5% broken        345-355                ↔
Myanmar 5% broken      410-420                ↔
Cambodia 5% broken     430-440                ↔
U.S. 4% broken                 495-505                ↔
Uruguay 5% broken        NQ         ↔
Argentina 5% broken     NQ         ↔
Long grain white rice - low quality
Thailand 25% broken      365-375                ↔
Vietnam 25% broken      325-335                ↔
Pakistan 25% broken      310-320                ↔
Cambodia 25% broken   415-425                ↔
India 25% broken             360-370                ↔
U.S. 15% broken               485-495                ↔
Long grain parboiled rice
Thailand parboiled 100% stxd     405-415                ↔
Pakistan parboiled 5% broken stxd          395-405                ↔
India parboiled 5% broken stxd                 390-400                ↔
U.S. parboiled 4% broken             550-560                ↔
Brazil parboiled 5% broken          570-580                ↔
Uruguay parboiled 5% broken    NQ         ↔
Long grain fragrant rice
Thailand Hommali 92%   925-935                ↔
Vietnam Jasmine             450-460                ↔
India basmati 2% broken              NQ         ↔
Pakistan basmati 2% broken       NQ         ↔
Cambodia Phka Mails     785-795                ↔
Brokens
Thailand A1 Super            320-330                ↔
Vietnam 100% broken   305-315                ↔
Pakistan 100% broken stxd          290-300                ↔
Cambodia A1 Super        340-350                ↔
India 100% broken stxd                 295-305                ↔
Egypt medium grain brokens      NQ         ↔
U.S. pet food     405-415                ↔
Brazil half grain NQ         ↔
All prices USD per ton, FOB vessel, oryza.com





Indonesia Steps Up Efforts to Increase Rice Production Amid Drought Concerns; Zero Imports and Price Control High on Agenda

Description: Description: http://oryza.com/sites/default/files/field/image/150206indonesiariceprices.jpgFeb 06, 2015

Oryza.com - 
Indonesia's 2015 paddy rice production is expected to reach about 71.28 million tons, up about 0.95% from around 70.6 million tons produced in 2014, local sources quoted Agriculture Ministry officials as saying.
The Ministry lowered estimates for 2015 paddy rice production from its earlier estimations of around 73.4 million tons due to a forecast of long dry season, which is likely to result in lower output, according to the Ministry's Director General for food crops.
He was quoted as saying that the government is planning to step up efforts to ensure production does not fall significantly due to drought conditions. He noted that the Agriculture Ministry has set aside about Rp 30 trillion (around $2.38 billion) to finance programs such as development and improvement to irrigation infrastructure, distribution of seeds and fertilizers, pest control as well as expansion of planting area in order to boost production. The government is planning to increase paddy rice acreage by around 2.6 million hectares to around 15-16 million hectares.
The government is also concerned of increasing prices in case of a decline in production. Already, prices are on an uptrend since September 2014. Indonesia imported around 425,000 tons of rice from Thailand and Vietnam last year to boost stocks and control price hikes. However, this year, the government is bent on maintaining zero import policy and focus on increasing rice production to meet increasing consumption needs. The Ministry's Director General also noted that the government is keen on achieving surplus rice this year in line with its policy.
USDA estimates Indonesia to produce around 36.5 million tons of rice, basis milled (around 57.4 million tons, basis paddy), and import around 1.3 million tons of rice in MY 2014-15 (January 2014 - December 2014. Consumption in 2015 is estimated at around 39.2 million tons. 

Guyana Targets to Export 521,000 Tons of Rice in 2015; Up 4% from Last Year

Feb 08, 2015

Description: Description: http://oryza.com/sites/default/files/field/image/150209guyanarice.jpgThe Guyana government is targeting to export around 521,000 tons of rice in 2015, up about 4% from an estimated 501,208 tons exported in 2014, local sources quoted the Agriculture Minister as saying.The Agriculture Minister told local sources that Guyana currently has export agreements with Venezuela, Panama and several other Caribbean countries, and the government is pursuing sales agreements with Nicaragua and other Central American countries such as Belize. He also noted that shipping rice to West African countries is being delayed due to the outbreak of the Ebola Virus Disease (EVD).
The government has set the 2015 milled rice production target at around 618,000 tons, about 3% below an estimated 635,238 tons produced in 2014, according to the Agriculture Minister.
Guyana's rice sector has seen consistent improvements over the last few years. The production increased from around 317,323 tons in 2012 to around 635,238 tons in 2014 mainly due to the government's support in providing fertilizers at subsidized prices and ensuring timely payments to farmers.

Log in Oryza Afternoon Recap - Chicago Rough Rice Futures Pull off First Weekly Gain Since mid-Dec as Crude Continues to Provide Support

Feb 06, 2015
Chicago rough rice futures for Mar delivery settled 29 cents per cwt (about $6 per ton) higher at $10.740 per cwt (about $237 per ton). Rough rice futures saw follow-through buying today, adding to gains earned yesterday and even managed to pull off a higher close on the week. Prices moved from their open at $10.570 per cwt (about $233 per ton) for Monday’s session, to their closing price 17 cents per cwt (about $4 per ton) higher today, marking the first weekly gain in 8 weeks. Today’s action is seen as a positive development and is seen by many as confirmation that a near-term bottom has indeed been put in place and expectations are now for a run higher in prices. Gains will likely be attributed to short covering as speculative shorts have grown to record levels in recent weeks. However; fundamentally very little has changed and some trade insiders expect a period of back-and-forth trade in coming sessions as the market attempts to establish a firm floor.
The other grains finished the day with mixed results as corn and wheat managed to pull out gains while the soy complex remains under pressure; Soybeans closed about 0.8% lower at $9.7350 per bushel; wheat finished about 0.2% higher at $5.2700 per bushel, and corn finished the day about 2.8% higher at $3.8575 per bushel.U.S. stocks pared gains to trade in a narrow range on Friday on news the S&P downgraded its rating on Greece to "B-" from "B." Earlier, stocks traded moderately higher as cheer over a strong jobs report was slightly offset by increased potential for an earlier Fed interest rate hike. Financials, a likely beneficiary of higher interest rates, rose by as much as more than 1.5% as a leading sector in the S&P 500, which declined on Greek news but still held near the key 2,060 level.
On the flip side, utilities traded lower, losing more than 2% as the weakest sector in the S&P 500. Atlanta Fed President Dennis Lockhart on Friday said he thinks the U.S. economy continues to grow strongly enough to justify an initial interest rate hike later this year, but that weak inflation and wage growth were "worrisome." The Labor Department said the United States created 257,000 jobs in January, beating estimates of about 230,000. More importantly, average hourly earnings grew by 0.5%, above estimates.
 The Dow Jones Industrial Average fell 15 points, or 0.09%, at 17,868. The S&P 500 traded up 1 point, or 0.05%, at 2,063, with utilities leading decliners and telecoms and financials leading advancers. The Nasdaq traded down 5 points, or 0.11%, at 4,759. Gold is trading about 2.3% lower, crude oil is seen trading about 2.3% higher, and the U.S. dollar is seen trading about 1.2% higher at about  1:00pm Chicago time.Thursday, there were 359 contracts traded, down from 649 contracts traded on Wednesday. Open interest – the number of contracts outstanding – on Thursday decreased by 78 contracts to 10,244.

Oryza U.S. Rough Rice Recap - Prices Firm on New Export Sales, but More Still Needed to Sustain Price Level

Feb 06, 2015
The U.S. cash market was firmer today as fresh demand from Colombia dried up most selling interest that the market saw earlier in the week. However, the buy interest also remains limited.Analysts continue to note that without purchases from Iraq or Venezuela the market will have trouble sustaining the rally seen today. 

Oryza Overnight Recap - Chicago Rough Rice Futures Find Buying Interest despite Softer Grains this Morning

Feb 06, 2015
Chicago rough rice futures for Mar delivery are currently listed 19.5 cents per cwt (about $4 per ton) higher at $10.645 per cwt (about $235 per ton) during early floor trading in Chicago. The other grains are all seen trading lower: soybeans are currently seen about 0.5% lower, wheat is listed about 1.3% lower and corn is currently noted about 0.6% lower.

U.S. stocks struggled for direction after opening slightly higher on Friday, as initial cheer over a strong jobs report turned to concerns of an earlier Fed interest rate hike. Financials rose more than 1% to lead gains on the S&P 500, which traded up marginally above the key 2,060 level. The Labor Department said the United States created 257,000 jobs in January, beating estimates of about 230,000.

More importantly, average hourly earnings grew by 0.5%, above estimates. The unemployment rate rose to 5.7%, above estimates. In Europe, equities traded lower after Greece's talks with Germany—the euro zone's largest economy—over the future of its bailout program had mixed success. Futures turned higher on the news with Dow futures extending gains from 9 points to as much as more than 80 points. The U.S. 10-year Treasury note yield rose from about 1.80% to as high as 1.91%. Gold is currently trading about 1.6% lower, crude oil is seen trading about 2% higher,  and the U.S. dollar is currently trading about 0.9% higher at 8:30am Chicago time.

Thailand On-Farm Pledging Program for 2014-15 Main Crop Fragrant and Glutinous Paddy Receives Lukewarm Response, Says USDA Post

Feb 06, 2015

The on-farm pledging program for 2014-15 main crop fragrant and glutinous paddy rice introduced by the military government has not received expected response as the intervention price set by the government to buy fragrant and glutinous paddy rice is much below the market prices. At the time of introducing the scheme, the government claimed that it has set the intervention price for fragrant rice paddy at about 23% higher than market prices and that for glutinous rice paddy was set at about 41% higher than market price.
Description: Description: http://oryza.com/sites/default/files/field/image/150206thaipsd.jpgAccording to the Post, the government has so far received only 80,000 tons of fragrant paddy and it expects to receive another 200,000 - 300,000 tons before the close of the program on February 28, 2015. The Post reports that most of the glutinous rice paddy is being used for domestic consumption. The program was meant to encourage farmers to delay sales of around 2 million tons of rice to control price falls during the harvest season.
The Post estimates 2014-15 (January 2015 - December 2015) milled rice production to decline to around 19.7 million tons, down about 4% from around 20.46 million tons last year due to an expected decline in off-season rice planting following drought forecasts.
It estimates Thailand to export around 11 million tons of rice in 2015, slightly above 10.97 million tons exported in 2014 as the government is keen on selling around 10 million tons of rice from its stockpiles this year. The government has reportedly eased the terms and conditions for new tenders to speed up sales. The government is also trying to clinch government-to-government (G2G) contracts to increase exports. Estimated shipments under G2G contracts in 2014 is shown below.

USDA Post Forecasts Oil Price Decline to Affect Venezuelan Rice Imports

Description: http://oryza.com/sites/default/files/field/image/150206venezuelapsd.jpgFeb 06, 2015

The USDA Post reports that world oil price falls have led to a significant reduction in Venezuela's foreign exchange reserves and consequently less dollar availability. This situation is expected to impact rice and other commodities importers, says the Post.USDA Post estimates Venezuela's MY 2014-15 paddy rice production at around 380,000 tons, down about 1.2% from around 385,000 tons produced last year due to severe drought conditions during the first crop season.
 The Post says generally, government mismanagement, inadequate agricultural inputs and prevailing price controls have been hindering rice production in the country.The Post reports that government promises of increased investment in agricultural infrastructure have not materialized and rice producers are increasing becoming frustrated. In its November report, the Post noted that Venezuelan rice farmers have been demanding that the government increase the fixed retail price for rice from the current 9.50 bolivars per kilogram (around $1,520 per ton) as it is close to the control farm-gate price fixed by the government at around 8.6 bolivars/per kilogram ($1,360 per ton) and they have not been getting decent margins and are not motivated to grow rice.
Due to these reasons, Venezuelan farmers are unable to scale up their production levels and the country is forced to import rice. Venezuela majorly imports rice from Brazil, Guyana and the U.S. The Post estimates Venezuela rice imports for MY 2014-15 at around 500,000 ton, down about 2% from around 510,000 tons last year despite a reduction in production. The decline can be attributed to a decline in exports by about 16% y/y to about 180,000 tons, which can be used to service local consumption needs. However, this year, as told above, the Post reports that Venezuelan importers may face trouble getting dollars to pay for their imports.
In April 2014, Venezuela has renewed the 2013 Petro-Caribe Energy Cooperation Agreement with Guyana under which Venezuela will provide oil to Guyana in exchange for rice. Under the Agreement, Guyana will export 110,000 tons of white rice and 88,000 tons of paddy to Venezuela. Terms of the deal are expected to be altered due to a fall in oil prices.

Cambodia May Not Reach One Million Ton Export Target in 2015, Says Commerce Minister

Feb 06, 2015

Lack of sufficient milling capacity and funding are major hurdles for Cambodia to achieve one million ton export target by 2015, local sources quoted the Commerce Minister as saying.Speaking at the sidelines of the annual conference of the Cambodia Rice Federation (CRF), he told local reporters that in 2010, the government set a target of exporting one million tons of rice officially by 2015. But since the country could export only 387,000 tons officially in 2014, it is very unlikely that it could achieve the target this year, he said. Most of the rice is exported unofficially to China through northern borders to Thailand and Vietnam.The Minister also noted that Cambodia produces about 9 million tons of paddy rice (around 5.8 million tons, basis milled) yearly and after catering to domestic consumption, about 3 million tons of rice is left for exports.
 He said currently Cambodia has five main buyers - France, Poland, Malaysia, China and the Netherlands - but the government is exploring new markets such as Russia. He also noted that China agreed to buy 100,000 tons of rice from Cambodia between August 2014 - April 2015, and Cambodia has exporeted about 70,000 tons so far.Last month, the Prime Minister also expressed doubt over the country's capabiltiy in achieving the target.USDA estimates Cambodia to export 1.2 million tons of rice (including official and unofficial exports to Vietnam and Thailand through borders) in 2015, up about 20% from around 1 million tons in 2014.

Japan Seeks to Import 50,000 Tons of Rice in Tender

Feb 06, 2015
Japan is seeking to import about 50,000 tons of rice in 12th ordinary import tender for FY 2014 (April 2014 - March 2015), according to official sources.Japan seeks to buy about 24,000 tons of non-glutinous milled rice (medium grain) of U.S. origin under the U.S. Country Specific Quota (CSQ); and 26,000 tons of non-glutinous milled rice , including 12,000 tons of medium grain and 14,000 tons of long-grain) under global quota.
 Japan seeks delivery of the U.S. origin rice from July 10, 2015 to August 10, 2015 and August 1-31, 2015; delivery of medium grain non-glutinous rice from August 20, 2015 to September 20, 2015; and delivery of long-grain non-glutinous rice from June 10, 2015 to July 20, 2015.The tender opens on February 10, 2015. 

Pakistan Basmati Rice Export Prices Continue to Decline Amid Increasing Supplies and Weak Demand

Feb 06, 2015
Description: http://oryza.com/sites/default/files/field/image/150206pakistanbasmatiriceprices.jpgPakistan basmati rice prices, which have been declining since September 2014 have continued to decline in January 2105 as well due to increasing supplies and declining export demand. The decline has been in line with the global rice export prices. Especially rice import ban by Iran has affected both India and Pakistan basmati rice export prices. In January 2015, Pakistan's basmati rice export prices have declined about 1% to around $876 per ton from around $885 per ton in December 2014, and down about 37% from their year-ago levels of around $1,396 per ton, according to data from the UN's Food and Agriculture Organization (FAO).
In terms of local currency, average Pakistan basmati rice prices in January 2015 declined to around PKR 88,305 per ton (using historical exchange rates), marginally down from around PKR 88,350 per ton in December 2014, and down about 39% from around PKR 145,603 per ton in January 2014.Average basmati rice prices increased between August and September 2014 and peaked to around $1,450 per ton in September 2014 due to fears of a fall in production as floods affected large area of basmati rice acreage in Punjab.  However, the overall production of basmati rice has not been significantly affected by floods. Pakistan basmati growers associations have been urging the government to provide adequate support to increase competitiveness of Pakistan's basmati rice in the global market.

Philippines Rice Stocks Decline Sharply in January 2015

Feb 06, 2015

Description: Description: http://oryza.com/sites/default/files/field/image/150206philippinericestocks.jpgTotal rice stocks in the Philippines as of January 1, 2015 reached around 2.66 million tons, down about 12% from around 3.03 million tons recorded in December 2014, and up about 25% from around 2.13 million tons recorded during the same period last year, according to the Bureau of Agricultural Statistics (BAS).
According to the BAS, household stocks (which account for about 49.8% of total rice stocks in the country) have reached around 1.33 million tons as of January 1, 2015, up about 5% from year-ago levels of around 1.27 million tons. Commercial warehouse rice stocks (which account for about 30.5% of total stocks) have reached around 810,000 tons as of January 1, 2015, up about 40% from their year-ago levels of around 580,000 tons. The rice stocks with the National Food Authority (NFA) (which account for 19.7% of total stocks) stood at around 520,000 tons, up about 93% from around 270,000 tons recorded in January 2014.
Month-on-month, household rice stocks are down about 15%, commercial warehouse rice stocks are down about 17% and NFA rice stocks - in which about 96.5% are imported rice - are up about 6%, according to the BAS.
The BAS says that the Philippines' rice stocks as of January 1, 2015 are enough to last for 78 days (household stocks are enough for 39 days, commercial warehouses stocks are enough for 24 days and stocks with NFA are enough for 15 days).
The NFA is initially planning to import 500,000 tons under government-to-government deals in 2015 to ensure adequate stocks in the lean season (June – August). It imported more than 1.8 million tons of rice (including 1.5 million tons of 2014 imports and 300,000 tons of 2013 residual imports) in 2014 to replenish rice stocks and control price hikes.
Total rice stocks in the Philippines as of January 1, 2015 reached around 2.66 million tons, down about 12% from around 3.03 million tons recorded in December 2014, and up about 25% from around 2.13 million tons recorded during the same period last year, according to the Bureau of Agricultural Statistics (BAS).
According to the BAS, household stocks (which account for about 49.8% of total rice stocks in the country) have reached around 1.33 million tons as of January 1, 2015, up about 5% from year-ago levels of around 1.27 million tons. Commercial warehouse rice stocks (which account for about 30.5% of total stocks) have reached around 810,000 tons as of January 1, 2015, up about 40% from their year-ago levels of around 580,000 tons. The rice stocks with the National Food Authority (NFA) (which account for 19.7% of total stocks) stood at around 520,000 tons, up about 93% from around 270,000 tons recorded in January 2014.
Month-on-month, household rice stocks are down about 15%, commercial warehouse rice stocks are down about 17% and NFA rice stocks - in which about 96.5% are imported rice - are up about 6%, according to the BAS.
The BAS says that the Philippines' rice stocks as of January 1, 2015 are enough to last for 78 days (household stocks are enough for 39 days, commercial warehouses stocks are enough for 24 days and stocks with NFA are enough for 15 days).
The NFA is initially planning to import 500,000 tons under government-to-government deals in 2015 to ensure adequate stocks in the lean season (June – August). It imported more than 1.8 million tons of rice (including 1.5 million tons of 2014 imports and 300,000 tons of 2013 residual imports) in 2014 to replenish rice stocks and control price hikes.

Vietnam Rice Sellers Lower Some of Their Quotes Today; Other Asia Rice Quotes Unchanged

Feb 06, 2015
Vietnam rice sellers lowered their quotes for 5% broken rice by about $5 per ton to around $350 - $360 per ton today. Other  Asia rice sellers kept their quotes mostly unchanged.
5% Broken Rice
Thailand 5% rice is quoted at around $405 - $415 per ton, about $55 per ton premium on Vietnam 5% rice shown at around $350 - $360 per ton, down about $5 per ton from yesterday. India 5% rice is quoted at around $395 - $405 per ton, about $50 per ton premium on Pakistan 5% rice quoted at around $345 - $355 per ton.
25% Broken Rice 
Thailand 25% rice is quoted at around $365 - $375 per ton, about $40 per ton premium on Vietnam 25% rice shown at around $325- $335 per ton. India 25% rice is quoted at around $360 - $370, about $50 per ton premium on Pakistan 25% rice quoted at around $310 - $320 per ton.
Parboiled Rice
Thailand parboiled rice is quoted at around $405 - $415 per ton. India parboiled rice is quoted at around $390 - $400 per ton, about $5 per ton discount to Pakistan parboiled rice quoted at around $395 - $405 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is quoted at around $320 - $330 per ton, about $15 per ton premium on Vietnam 100% broken rice shown at around $305 - $315 per ton. India's 100% broken rice is shown at around $295 - $305 per ton,  about $5 per ton premium on Pakistan broken sortexed rice quoted at around $290 - $300 per ton.

Weekly Recap: When Will the Global Rice Market Bottom Out?

Feb 06, 2015
Description: Description: oryza white rice index

The Oryza White Rice Index (WRI), a weighted average of global white rice export quotes, ended the week at about $420 per ton, down about $2 per ton from a week ago, down about $9 per ton from a month ago and down about $43 per ton from a year ago.Global rice export quotes remain steady to lower but some analysts are forecasting that near-term production cutbacks, on account of lower prices, will set the rice market up for an eventual recover later this year or next.
The UN’s Food and Agriculture Organization (FAO) estimates 2014-15 global rice production will decline marginally from last year’s production to around 496.2 million tons; this estimate is up slightly from its previous estimate.  The decline from last year is attributed to decreases in South America, Sri Lanka, Australia, and Madagascar.
The FAO’s global rice price index declined 1% from December to January, reaching 222 points in January.
Thailand
Thailand 5% broken rice is today shown at about $405 per ton, unchanged from a week ago, down about $5 per ton from a month ago, and down about $35 per ton from a year ago.
The Thai Rice Exporters Association (TREA) estimates Thailand’s 2015 rice exports will decline to about 10 million tons, down about 9% from 2014, due to strong competition from Vietnam.
In 2015, Thailand is expected to experience the worst drought in more than a decade, according to the Irrigation Department Officials.  The government has allocated about 6.8 billion baht (about $208.65 million) to help alleviate and endure the drought.
The Finance Ministry plans to take over debts associated with the rice pledging scheme from the Bank of Agriculture and Agricultural Cooperatives (BAAC) to allow the BAAC to take up more expansion activities.
The current military-led government plans to reduce paddy rice production to about 33.73 million tons by 2016-17, down about 4% from the average over the last six years to manage surplus rice stocks and boost prices.
India
India 5% broken rice is today shown at about $400 per ton, unchanged from a week ago, up about $10 a month and down about $15 per ton from a year ago.
The western state Maharashtra has approved field trials of five genetically modified crops, including rice, maize, chickpea, eggplant, and cotton.
Vietnam
Vietnam 5% broken rice is today shown at about $355 per ton, down about $5 per ton from a week ago, down about $25 per ton from a month ago and down about $50 per ton from a year ago.
During the period January 1-29, Vietnam exported about 169,358 tons of rice, down about 45% from January 2014 and down about 64% from December.
Vietnam has agreed to export about 240,000 tons of 5% broken rice to Malaysia between April and November.
The state-owned Vinafood 2 (Southern Food Corporation) has changed its rice purchasing model for export and will now buy paddy directly from farmers and process it for export instead of buying processed rice from merchants and millers.
Pakistan
Pakistan 5% broken rice is today shown at about $350 per ton, down about $10 per ton from a week ago, down about $30 per ton from a month ago and down about $45 per ton from a year ago.
In January 2015, Pakistan's basmati rice export prices have declined about 1%  m/m to around $876 per ton from around $885 per ton in December 2014, and down about 37% from their year-ago levels of around $1,396 per ton, according to data from the UN's Food and Agriculture Organization (FAO).  In terms of local currency, average Pakistan basmati rice prices in January 2015 declined to around PKR 88,305 per ton (using historical exchange rates), marginally down from around PKR 88,350 per ton in December 2014, and down about 39% from around PKR 145,603 per ton in January 2014.
Central & South America
Brazil 5% broken rice is today shown at about $540 per ton, unchanged from a week ago, down about $10 per ton from  a month ago and down about $125 per ton from a year ago.
The Brazilian paddy rice index maintained by the CEPEA reached around 38.24 real per 50 kilograms as of February 03, 2015, down about 0.34% from around 38.37 real per 50 kilograms recorded on January 27, 2015.  In terms of USD per ton, the index reached around $282.7 per ton on February 03, 2015, down about 5% from around $297.4 per ton recorded on January 27, 2015.
The USDA Post estimates Brazil’s MY 2014-15 (April-March) rice exports will be around 900,000 tons, unchanged from both the previous year and previous estimates.
The USDA Post anticipates declining oil prices will affect rice imports to Venezuela.
U.S.
U.S. 4% broken rice is today shown at about $500 per ton, unchanged from a week ago, down about $15 per ton from a month ago and down about $80 per ton from a year ago.
In the U.S. cash market buying and selling interest were limited throughout the week with prices mostly unchanged.
Chicago rough rice futures for March delivery were dropping early in the week, opening at $10.570 per cwt (about $233 per ton) on Monday and reaching a week-low of $10.010 per cwt (about $221 per ton) on Tuesday before finding support and reversing.  They reached a high of $10.750 per cwt (about $237 per ton) on Friday before closing just under it at $10.740 per cwt (about $237 per ton).
Other Markets
Paddy rice production in Mauritania reached around 202,000 tons in 2013-14, making it sufficient to cover 69% of the country’s domestic consumption demand.  The Agriculture Minister anticipates production in 2014-15 will meet 90% of the country’s consumption needs.
Government in China has decided to continue the state stockpiling policy of rice in 2015 but will maintain last year’s minimum rice purchase prices (MRPP).
Nepal imported about 97,098 tons of rice from India through the Belhiya transit point in the first six months of the current fiscal year 2014-15 (August 2014-July 2015), up about 42% from the same period in FY 2013-14.
Japan has bought and sold around 895 tons of whole grain/brown rice of U.S., Australia, Pakistan, Thailand, and Vietnam origins and about 500 tons of broken rice of Thailand and Vietnam origins in the sixth Simultaneous Buy-Sell tender.  Japan is seeking to import about 30,000 tons of rice in the tender with the last date for applications February 17.
The USDA Post estimates Japan’s 2015 rice imports will be about 700,000 tons, up about 8% from 2014, due to anticipated decline in production.
Cambodia 5% broken rice is today shown at about $435 per ton, down about $10 per ton from a week ago, down about $20 per ton from a month ago and a year ago. Separately, the Cambodia Rice Federation (CRF) is trying to raise the requisite funding for the rice sector development through the export fees paid by the rice exporters.  It has decided on an export fee of about $0.50 per ton for long-grain white rice and about $1 per ton for fragrant rice.  Meanwhile, the Commerce Minister has expressed concern that a lack of sufficient milling capacity and funding may prevent Cambodia from reaching its one million ton export target by 2015.
The UN’s FAO has forecasted the Philippines 2014 rice imports will remain at last year’s level of about 1.8 million tons, reflecting the government’s efforts to stabilize domestic prices and replenish public stocks. Meanwhile, total rice stocks in the Philippines as of January 1 had reached about 2.66 million tons, down about 12% from December and up about 25% from the same period last year, according to the Bureau of Statistics. Separately, the Philippines will export about two tons of organic black rice to the U.S. this month.  The country also plans to export hybrid rice seeds to Papua New Guinea. 
Total milled rice production in the European Union is expected to decline to around 1.637 million tons in the marketing/crop year 2014-15 (September-August), a decrease of about 7.5% from MY 2013-14, according to the EU Directorate General for Agriculture and Rural Development.
The USDA Post estimates South Korea will import about 560,000 tons of rice in MY 2014-15, including 408,000 tons of rice imports under the WTO’s Minimum Marketing Agreement quota in the 2015 calendar year.

Paddy rice production in 2015 in Indonesia is expected to reach about 71.28 million tons, up about 0.95% from around 70.6 million tons produced in 2014.