Thursday, July 30, 2015

29th July (Wednesday), 2015 Daily Global Rice E-Newsletter by Riceplus Magazine

Rice worth $302M imported illegally to Iran over 4 months


29 JULY 2015, 12:46 (GMT+05:00)

http://en.trend.az/iran/business/2420530.html

 

N30BN DUTY: CBN MOVES AGAINST DEFAULTING RICE IMPORTERS


Category: Business
Published on Wednesday, 29 July 2015 04:01
Written by Hamisu Muhammad
Bags of imported rice off-loaded at the port
… Customs seals warehouses
The Governor of the Central Bank of Nigeria, (CBN) Mr Godwin Emefiele has warned that the federal government will no longer take it lightly with those rice importers that failed to pay about N30 billion in duties.This is just as the Nigeria Customs Service commenced the sealing of the warehouses of the rice duty defaulters.Speaking yesterday at the Rice Stakeholders meeting in Abuja, the governor said it’s an insult to Nigeria by those importers to over import their allocations and refuse to pay the duty for the extra amount. He urged the indicted importers as a matter of urgency, to pay the duty before the big stick is wielded against them.“There was truly an incidence of over import of rice and that the duty not paid, we know the defaulters but I think what is important now is that we are going to enforce, we will go to the highest levels to ensure that we enforce it and that they must pay.

 I therefore use this opportunity to appeal to these companies to please go and pay, because what they have done  they have created problem of rice that is produced locally.. “Speaking at the meeting the Rice Millers, Importers and Distributors’ Association of Nigeria (RMIDAN), led by their president Abubakar Mohammed attributed the lack of patronage on the local rice to the subsidised rice in the market by the importers.The association accused the importers of crashing the price of the imported rice because they have not paid the duty on it thereby making the local rice uncompetitive.The Association said at the moment they cannot even pay the loans they received from banks because there is no market for their rice.

Meanwhile, the Nigerian Customs Service  yesterday confirmed to Daily Trust that they have commenced  sealing of the warehouses of the N30billion rice duty defaulters in the country.In a massage to Daily Trust, the Customs spokesperson Mr Wale Adeniyi said they have sealed off one of the sections. And promised to give more details later.Both the Senate and the House of Representatives have indicted the rice imports duty defaulters and urged the Central Bank and other agencies to recover the said amount as soon as possible

http://www.dailytrust.com.ng/daily/index.php/business/61079-n30bn-duty-cbn-moves-against-defaulting-rice-importers

 

Customs Seals Rice Importers' Premises, Warehouses over N23bn Duty Evasion

29 Jul 2015

NCS Headquarters, 

John IworiIn a bid to prove that its earlier ultimatum that defaulters of import duty should pay, the Nigeria Customs Service (NCS) has sealed up the warehouses and premises of four major rice importers for their alleged refusal to pay outstanding duty totalling N23 billion.The affected defaulting importers are Stallion/Popular Foods/Masco Agro, the Olam Farms, the Ebony Agro and the Conti Agro (Milan).

The indictment of the four importers followed their alleged refusal to pay outstanding duty liability based on the 2014 rice quota for importers that exceeded the allocated quota as at June 23, 2015.Public Relations Officer (PRO), NCS Headquarters, Alhaji Adewale Adeniyi disclosed this yesterday at NCS, Federal Operations Unit (FOU), Zone A, IKeja, Lagos while giving a rundown of the inimical activities allegedly perpetrated by the affected importers.Giving an insight into the activities of the affected importers, Adeniyi, a Deputy Comptroller (DC) disclosed that Olam was in default to the tune of N4, 998,125,665.86 as a result of having exceeded its authorised allotted rice import quota by 149, 469.51 metric tonnes.

On the other hand, the Stallion group was owing N17, 187, 245, 022.96 for importing in excess 529, 517. 33 metric tons  beyond allotted quota; the Ebony Agro allegedly owed N328, 201,440 after exceeding allotted quota by 10,070 metric tons while the Conti Agro Milan owed N1,089,907,273.62, for exceeding import quota by 61,178.19 metric tons of rice.“Today, we are commencing the sealing up of their warehouses and business premises to prevent operation of those facilities”, he declared.
The PRO said in addition to other sealing of the warehouses and premises of the affected importers to serve as a deterrence to others, he revealed that NCS would no longer allow them discharge their imports in any of the nation’s seaports.Meanwhile, the price of rice and other food items on the list of items that have been barred by the Central Bank of Nigeria (CBN) from accessing foreign exchange would likely face a high increase  in prices in the open market.The CBN in a recent policy had stopped the use of foreign exchange for the importation of 41 goods.

Among the 41 goods are rice and other food items such as margarine, palm kernel, palm oil products, vegetable oils, meat and processed meat products, vegetables and processed vegetable products, poultry (chicken, eggs and turkey), tomatoes/tomato paste.Stakeholders predicated the increase in prices of the products on the huge gap between the local production and the demand of the items, which had been regularly filled by imports.Observers noted that since most of the items are staple consumables, Nigerians would always buy them and the added cost of importing them would be transferred to the end users.

A Lagos-based importer, Chief Nwachukwu Johnson said the high rate of dollar in the parallel market would lead to high price for any item barred from the interbank forex window.“Tin tomatoes, margarine and vegetable oil are usually cheap consumables because of their original cost prices”, he said.

http://www.thisdaylive.com/articles/customs-seals-rice-importers-premises-warehouses-over-n23bn-duty-evasion/215920/



Chinese loan for rice sector on hold


Wed, 29 July 2015

A project to build 10 warehouses to store rice paddy using Chinese funding has hit a roadblock, as the Cambodian government has been unable to meet criteria set by the Chinese for the project, according to an official associated with the project.Project leader and senior adviser to the Supreme National Economic Council (SNEC) Mey Kalyan told the Post yesterday that while a draft memorandum of understanding had been submitted to the Chinese government late last year, Cambodia has not responded to Chinese requirements on the loan.“There are some technical problems from our Chinese counterparts. Both parties are looking at their own benefit, and now we are negotiating.”Kalyan, however, could not comment on whether it was likely that Cambodia will secure the loan.Announced in November, the loan was meant to support warehouses which are part of a government plan to store 1.2 million tonnes of paddy, in a bid to ensure uninterrupted supply to millers and exporters.

Hun Lak, vice president of Cambodia Rice Federation (CRF), said that members lacked the capital to purchase rice for storage during the harvest season, adding that the Cambodian government has said it will try to help the CRF with this.“So far there is no help from the government, but they are working on this issue,” he said.A lack of proper warehousing facilities has been a major constraint and will continue to hurt the rice sector if left unaddressed, said Srey Chanthy, an independent economic analyst.
He said, however, intervention in the form of capital injection by the government could help rice millers and exporters, as has been done in the past.“It [the government] has gotten the Rural Development Bank to give loans to rice processors and exporters for this purpose and at good interest rates,” he said.Rice exports totalled 283,825 tonnes for the first six months in 2015, an increase of almost 60 per cent compared to the same period last year, as reported by the Secretariat of One Window Service for Rice Export Formality.
http://www.phnompenhpost.com/business/chinese-loan-rice-sector-hold

Lower global rice output seen on PH production concerns

Philippine Daily Inquirer

06:20 AM July 28th, 2015


The expected volume of globally harvested rice for the crop year 2015-2016 that started this month was adjusted downwards due to production concerns in the Philippines.According to the Food and Agriculture Organization (FAO), worldwide production is now forecast at 499 million tons, down by 2 million tons from last month’s figure.Still, the reduced forecast is 4 million tons or 0.8 percent higher than the estimated 495 million tons harvested in the previous 12 months.“Rice production [is] curbed, mainly on less positive prospects for India and the Philippines, and despite much improved expectations for Indonesia,” the latest monthly Market Monitor report of the Agricultural Market Information System (Amis) stated.


The Amis, an interagency body administered by the FAO, said rice-planting conditions remain mixed across the globe.For example, conditions are generally favorable in India and China while there is some concern in Vietnam due to dry weather.Similarly, “in the Philippines, planting of the wet season crop continues and there is some concern over dry conditions,” the Amis reported.The Amis observed that conditions in Thailand, Vietnam, and the Philippines are drier than average, consistent with expectations for the El Niño years.


http://business.inquirer.net/196048/lower-global-rice-output-seen-on-ph-production-concerns#ixzz3hHQo1Z00

 

APEDA India News


International Benchmark Price
Price on: 27-07-2015
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)
4600
2
Chinese whole, CIF NW Europe (USD/t)
5100
3
Indian Cochin, CIF NW Europe (USD/t)
3000
Guar Gum Powder
1
Indian 100 mesh 3500 cps, FOB Kandla (USD/t)
4470
2
Indian 200 mesh 3500 cps basis, FOB Kandla (USD/t)
1890
3
Indian 200 mesh 5000 cps, FOB Kandla (USD/t)
2990
Source:agra-net
For more info
Market Watch
Commodity-wise, Market-wise Daily Price on 28-07-2015
Domestic Prices
Unit Price : Rs per Qty
Product
Market Center
Variety
Min Price
Max Price
Jowar(Sorgham)
1
Amreli (Gujarat)
Other
1020
2660
2
Akluj (Maharashtra)
Other
1601
1601
3
Theni (Tamil Nadu)
Other
1380
1460
Maize
1
Dhing (Assam)
Other
1310
1400
2
Derol (Gujarat)
Other
1450
1600
3
Bellary (Karnataka)
Local
1442
1442
Pine Apple
1
Harippad (Kerala)
Other
2500
3000
2
Sirhind (Punjab)
Other
1200
2000
3
Kangra (Himachal Pradesh)
Other
1500
1600
Cabbage
1
Chala (Kerala)
Other
2600
2660
2
Bolangir (Orissa)
Other
2800
3000
3
Satara (Maharashtra)
Other
800
1300
Source:agra-net
For more info
Egg
Rs per 100 No
Price on 28-07-2015
Product
Market Center
Price
1
Pune
352
2
Nagapur
340
3
Namakkal
330
Source: e2necc.com
Other International Prices
Unit Price : US$ per package
Price on 28-07-2015
Product
Market Center
Origin
Variety
Low
High
Potatoes
Package: 50 lb cartons
1
Atlanta
Colorado
Russet
22.75
22.75
2
Chicago
Idaho
Russet
21
24
3
Detroit
Idaho
Russet
20.50
20.50
Cucumbers
Package: cartons film wrapped
1
Atlanta
Canada
Long Seedless
9
10
2
Chicago
Mexico
Long Seedless
13
13
3
Dallas
California
Long Seedless
12
13
Grapes
Package: 18 lb containers bagged
1
Atlanta
Mexico 
Red Globe
25
26
2
Baltimore
California 
Red Globe
26
26
3
Miami
Mexico
Red Globe
22
24
Source:USDA




SCIENTISTS CREATE GENETICALLY MODIFIED RICE THAT’S ECO-FRIENDLIER THAN REGULAR RICE



Genetically modified rice

A team of scientists has managed to create a new type of genetically modified rice in order to help the environment. The researchers collected a specific gene from barley and transferred it into rice.More than half of the world’s population relies on rice as their major food, but to grow rice also means to release up to 100 million tons of methane into the atmosphere annually, which affect our planet due to the green-house gas emissions that are created.Due to the fact that the human population is always increasing, the need for more producing more food can have damaging effects on our planet, increasing the methane emissions. Scientists wanted to see if they can figure out a solution for this issue so they tried to see what it would happen if they added a barley gene to the rice plant.

 According to them, they managed to create a new type genetically modified rice that is very starchy and productive but emits less methane gas.Chuanxin Sun, biologist at the Swedish University of Agricultural Sciences and one of the lead researchers who conducted the study, explained that traditional methods of cultivating rice accelerates the methane gas emissions which leads to increasing temperatures. Sun said that this genetically modified rice can slow down the warming temperatures because there are less methane emissions when growing it.The researchers explained that the bacteria that produce methane thrive on the sugars that the rice roots secrete in the soil that has no oxygen when the rice fields are flooded. The rice plant then passes on the methane gas from the soil it grows is into the atmosphere.

 The methane gas then traps the heat which contributes to the global greenhouse emissions, which are more than 80 times more powerful than carbon dioxide, as per the researchers working at the Intergovernmental Panel on Climate Change.The scientists detailed their study’s findings in the journal Nature. The team of scientists managed to extract a gene from barley and transfer it into the rice plant. They hoped that this would produce rice crops with a bigger grain and a thinner root. The researchers compared the genetically modified rice and traditional Nipponbar rice by growing them in two laboratory fields. They observed how much methane gas both crops emitted and found that the genetically modified rice produced far less than regular one.


http://www.capitalwired.com/scientists-create-genetically-modified-rice-thats-eco-friendlier-than-regular-rice/29632/



Easiest way to reduce arsenic from your rice


Millions of people (including infants) of our country may be affected by arsenic from rice and they do not know much about the sources. Rice tends to uptake arsenic more readily than many other plants from soil and water. Prolong exposure to arsenic in food and water can cause cancer in the skin, lungs, bladder and kidney.Removing arsenic from rice is hard and therefore scientists are trying to develop methods solve the problem. A recent article published in a well-recognised journal (PLOS ONE) demonstrated that we can remove a significant amount of arsenic by modifying our rice cooking procedure.Boil your rice with water (water to rice ratio: 12:1) and discard the water after cooking. Significant amount of arsenic will be released from rice to water (depends on type of rice, with average removal of 57±5 percent of arsenic). Use of more water is better. 

Many year ago, we wrote a letter (Arsenic contamination, The Daily Star, December 14, 2002) with a different type of solution. People may use that procedure as well (copied here for quick review): “Water that is not absorbed during rice cooking is discarded by inverting the cooking pan. Thus the actual amount of arsenic in cooked rice could not be either used, by chelating the arsenic in water by binding on rice grains, or decreased if water-soluble arsenic is released from rice into the water to be discarded. Since an adult Bangladeshi man consume an average 1500 gram of cooked rice per day, which contain at least one litre of drinking water, water intake through cooked rice would add substantially to the amount of arsenic ingested. (. . . )

Recently, a research group reported that the amount of arsenic in cooked rice was 10 to 35 percent higher than predicted, suggesting either that arsenic in the water is chelated by rice grains, or that the arsenic becomes concentrated during the cooking process because of evaporation. Furthermore, it would be raise concerns about the amount of arsenic retained in curry, which is cooked with a large amount of water and simmered for a long time.
It may be better to use less water for cooking food. Also, people must use surface water (pond, lake, river water) for cooking and drinking purposes, as heating kills all dangerous germs. Rain water is a very good source of safe water. Surface water is comparatively free from arsenic contamination. Related NGOs and teachers should teach general people to overcome the severe arsenic problem in Bangladesh”
http://www.thedailystar.net/op-ed/easiest-way-reduce-arsenic-your-rice-118573




City Scientist Meera Bags Prestigious Award

The Hyderabad based Senior Scientist Dr. Shaik N.Meera has bagged the prestigious ‘Lal Bahadur Shastri Outstanding Young Scientist Award 2014’ of Indian Council of Agricultural Research, Government of India. The award was presented during the 87th Foundation Day Celebrations and Award Ceremony of ICAR held at Patna. Prime Minister Narendra Modi participated in the ICAR Foundation Day which was followed by the award ceremony.The award was given by Dr. Sanjeev Balyan, Union Minister of State for Agriculture, and Mohanbhai Kundaria, Union Minister of State for Agriculture.

Dr. Meera is presently working at Indian Institute of Rice Research, Hyderabad. The award is given every year in order to recognize the talented young scientists who have shown extraordinary originality and dedication in their research programmes. With this award he gets an award amount of Rs. 1.00 lakh in cash and a citation and a challenge project for three years with budgetary provision of Rs. 30.00 lakh and Rs 5.00lakh for foreign training.Dr. Meera has made outstanding contributions in Indian rice sector with innovative extension methods and practical ICT approaches benefiting rice farmers and extension agencies. The Rice Knowledge Management Portal developed by him is acclaimed as one of the finest ICT applications in agriculture by Food and Agriculture Organization (FAO).
 The Rice Portal has made significant impacts across the country by improving the farmers’ access to rice knowledge. He has contributed to the introduction of several new rice varieties/ hybrids/ technologies by coordinating more than 7000 Frontline Demonstrations in last 6 years, benefiting 18318 rice farmers directly. He introduced impact acceleration concepts such as ‘India Rice Check’, ‘Sustainable Livelihoods’, ‘e-learning’ for extension systems’.

 From extension research to extension service, he struck an effective balance to blend Information and Communication Technologies with traditional extension methods that resulted in improving the livelihoods of thousands of Indian rice farmers. Dr. Meera is currently working on Mobile applications for Indian Rice farmers in several local languages. If this project is successful, Indian farmers can get reliable and time critical information directly from the research stations that may revolutionise rice farming in the country. (NSS)

http://www.siasat.com/news/city-scientist-meera-bags-prestigious-award-802422/



Controversy Shrouds Customs Action on Rice Investors


By Editor on July 29, 2015
Nigeria’s major rice investors received a jolt on Tuesday when the Nigeria Customs Service (NCS) sealed their warehouses on allegations that they owe duties and levies. NCS alleges the duties were due as the companies imported rice in excess of quotas approved. However, controversy has raged in the industry owing to reports of flawed and delayed quota allocations for 2014, leading to cancellation of 2015 quotas as well.The Public Relations Officer of NCS, Mr Wale Adeniyi, told a news conference in Lagos that the service would also not allow discharge of the companies’ imports in any of the nation’s ports.The companies also involve multinationals Olam and Stallion that are the country’s largest investors and operators of fully integrated rice value chain and Ebony Agro, Popular Farms, Masco Agro and Conti Agro.
The circular on rice import quotas were intended to encourage existing operations and drive new investments by bonafide rice millers, but has now seems to have taken a adverse turn for these large multinationals.While Olam has invested N 177 billion in the Nigeria’s agriculture sector, while Stallion runs the country’s largest capacity in rice production of 430,000 MTPA, with commitments to increase to 1.50 million MTPA together acting as catalysts for the huge increase in the country’s local agricultural operations.

Ebony Agro operates rice mills where the Ebony Gold and Ebony Super brands of parboiled rice are milled and packaged from locally sourced paddy.Media stories revolving around the rice policy announcements and its implementation have dominated headlines in the country over the past few months. For instance, the quotas for the year 2014 were issued only in December 2014 by the Ministry of Agriculture, deemed very late as well as grossly inadequate to meet the country’s requirements for the year. While the importers were appealing for a fair allocation based on investments as originally intended, they were surprised to receive retrospective demands for duties by the NCS.Furthermore, quotas for 2015 were issued, canceled and later on reissued again. However it is not clear if these quotas are being implemented in the scenario of Central restrictions on availability of foreign exchange for rice.

The implementation of the policy received a lot of criticism predominantly around the fact that the process followed was not in accordance with the Presidential directives, for example on the failure to establish a inter Ministerial Committee for computation of the national demand gap, as well as the timely allocation of import quotas to deserving investors.Major investors in the country’s rice value chain with large established production capacities had represented in all forums that the quotas issued to them were insignificant compared to their financial investments. It was also alleged that several companies with no operating capacities were given import quotas, based only on future commitments. These companies thereafter allegedly sold their quotas in the open market.In 2014, the Ministry of Agriculture had announced that the country’s local production capabilities have expanded considerably aided by investments by Multinational corporations like Olam and Stallion. Investments by these firms and the corresponding high output have made the product more readily available.

“Nigerians eat our high quality local rice but do not know. We have totally changed the quality,” Akinwunmi Adesina, the ex Minister of Agriculture and Rural Development, said during his visit to Kwara State. He said “You may wish to know that Stallion ‘Shinkafa rice’ and ‘Stallion super’ are all locally-milled rice from Nigeria, not imported.The USDA has estimated that the supply gap in Nigeria would be 2.5 million tonnes in 2015. In the absence of adequate quotas, this demand would regrettably be met through smuggling across the borders. The current action by the NCS with retrospective demands would hopefully be resolved in a fair manner so that the momentum on investments into the country’s rice value chain is sustained, thereby making Nigeria fully self sufficient.
http://www.ngrguardiannews.com/2015/07/controversy-shrouds-customs-action-on-rice-investors/

Exports come under priority sector now’


SPECIAL CORRESPONDENT
In the wake of Make in India programme launched by Prime Minister Narendra Modi, exports are now categorised under priority sector as per the RBI guidelines and the export business is not as complicated as was thought of, said Y.K. Rai, Senior Executive Director, Central Bank of India (International Division).Addressing a joint meeting organised by the Nizamabad Chamber of Commerce and Industry and the bank, Mr. Rai listed various products available with the bank for promoting exports. He said his bank has over 4,700 branches across the globe and one of the oldest nationalised banks. “Nizamabad is the place where there is more rice cultivation, our major finance would be to food and agro-based industries, particularly to rice millers. Some rice millers are exporting rice to the Gulf countries. This forex meet is organised with the objective of making them aware of various issues related to foreign exchange transactions, procedures involved in exports and the role of banks in this,” he added.Bank’s Senior Regional Manager, Hyderabad region, E. Ratan Kumar also spoke

http://www.thehindu.com/news/national/telangana/exports-come-under-priority-sector-now/article7480110.ece

 

Nigeria spends $2.41bn on rice importation in three years – CBN


 Filed under: Agricultural Business,Economy |  Editor
… announces planned funding support for rice production
Nigeria spent $2.41 billion on rice importation between January 2012 and May 2015, according to Godwin Emefiele, governor, Central Bank of Nigeria (CBN), on Tuesday.Emefiele said the country was spending so much on imports, and that this informed the apex bank’s recent decision to ban forex access for importation of 41 items, as he signalled no plan to reverse the policy that had received criticisms.Emefiele spoke in Abuja during a stakeholders’ meeting with officials of Paddy Rice Producing states and Rice Value chain investors.“The reason the inclusion of rice in the exclusion list is not far-fetched.

Figures available with the CBN show that from the period January 2012 to May 2015, the country had spent over $2.41 billion on importation of this commodity.“Unfortunately, this trend has resulted in huge unsold stock of paddy rice cultivated by our farmers and low operating capacities of many integrated rice mills in Nigeria,” he said.The CBN is now to support the local production of rice, and would in collaboration with the Federal Ministry of Agriculture and Businesses groan as Calabar Port remains shallow amid N20bn dredging project Importers, investors and others whose businesses are situated in Calabar, the Cross River State capital, are counting their losses over low ebb of business activities, owing to the failure of the Nigerian Ports Authority (NPA) to deepen the depth of the Calabar Port channel to enable bigger vessels sail in.

According to them, the low draft of the port channel is taking its toll on not only private businesses but also on state government projects like Tinapa designed to create wealth and employment for youths.The Nigeria Customs Service (NCS), they say, has also not been able to collect reasonable revenue from imports as the port is not receiving enough containers.BusinessDay finding reveals that the Calabar Port, which lies about 55 nautical miles from the fairway buoy up to Calabar River and occupies close to 38 hectares of land, was built to enable international trade from the Eastern and Northern states of Nigeria.Currently, the port depth, which NPA supposed to dredge to 9.8 meters as con- tained in the concession agreement signed by NPA, Bureau of Public Enterprises (BPE) and concessionaires, presently stands at 5.4 meters on low water and 6.4 meters on high water.
And this makes it extremely difficult for large vessels to call at the port, such that container vessels call the port once in three months while other independent operators use smaller vessels to carry bulk cargo into the port.The crippling effects of this on the economy of Cross River State are enormous such that cargoes meant for Calabar port are routed from Lagos ports to their various destinations in the Eastern states, which is not good for the economy of the region, said Mike Ogodo, chairman, Shipping Association of Nigeria, Cross River State branch.Ogodo, who doubled as a cocoa exporter, further said the low draft of the port was also having a devastating effect on the Calabar Export Processing Zone, which has been overtaken by several tank farms that are not supposed to operate in the zone.“Calabar Port is closer to the big commercial cities of the South-East states (towns) of Aba, Onitsha, Nnewi, the South-South states, but has not been able to serve their maritime and logistic needs. If the port is dredged, it will naturally be transformed into a hub of the West and Central African oil and gas logistics because of its nearness to Equatorial Guinea and Cameroon,” the seasoned shipper explained.

Recall that NPA in October 2014, flagged off the capital and maintenance dredging of Calabar water channel in a contract worth over N20 billion, with the establishment of Calabar Channel Management (CCM) as joint venture company between the authority and Messrs Niger Global Engineering and Technical Company Limited.Subsequently, in November 2014, NPA issued a marine notice to affirm that CCM had deployed dredgers, survey vessels, buoyage tender, wreck removal crane and other ancillary marine crafts to the water channel for the commencement of the project, which industry close watchers said had not realised its aim.Tony Anakebe, a maritime analyst, said the Federal Government through NPA needed to develop the sector by investing in other port outside Lagos.This, he said, will help in reducing the cost of doing business in the port by not only decongesting the ports in Lagos but also removing the pains and cost of taking delivery of cargo from Lagos and transporting it to the Eastern and Northern states.
“It is expected that the dredging of the water channel will increase the volume of vessel traffic as well as cargo throughout in the port, it will decongest Lagos ports and reduce cost of doing business for Calabar-based businessmen, who spend ad- ditional transport cost to take delivery of their consignment from Lagos,” he said.Rural Development come up with a comprehensive financing model to support rice millers and other investors in the sector.The CBN would make funds more accessible to the farmers through some of its funding programme such as the Commercial Agriculture Credit Scheme and the N220 billion Micro Small and Medium Enterprises Development fund, Emefiele said.

The funds would be made available to the rice farmers through the microfinance banks at 9 percent interest rate, Emefiele said, warning banks ahead against contravening the rules.He appealed to state governments to provide lands for the farmers on a large scale, as we will work with them to clear some of these impediments, saying “we are at a stage where we must feed our selves and all hands are on deck to ensure this works.”The governor also said the CBN, as the bank to federal government would go after rice importers who defaulted in the payment of customs duty after bringing in excess quotas of the product into the country at concessionary rates.By exceeding their import quota, these rice importers have flooded the local market with rice that are sold below what is produced locally thus making consumers to ignore the locally produced ones.“We are going to enforce it and we will go to the highest level to enforce this to ensure that they pay

http://businessdayonline.com/2015/07/nigeria-spends-2-41bn-on-rice-importation-in-three-years-cbn/#.Vbn4BvlVikp

New GMO Rice Can Lower Greenhouse Gas Emission For Food Production

Researchers from China, Sweden and the United States have discovered a new way to produce high-starch rice with virtually no methane emissions by introducing a single gene of barley to a common strain of rice.

(Photo : Jason Paris | Flickr)

By Ted Ranosa, Tech Times | July 29, 6:34 AMThe production of rice on a grand scale has helped provide food for half of the world's human population, but the process has also led to increased levels of the greenhouse gas, methane, in the air.This is what inspired scientists from three different countries to develop a method that could lessen the methane emission of rice paddies yet still retain its nourishing properties for food production.In a study featured in the journal Nature, researchers from China's Hunan Agricultural University (HUNAU) and the Fujian Academy of Agricultural Sciences (FAAS), the Swedish University of Agricultural Sciences (SLU) and the Department of Energy (DOE) spent over a decade researching how to cultivate rice without emitting methane.

Studies have found that the warm, waterlogged soil needed for rice paddies produces as much as 17 percent of the total emission of methane in the world, which is equivalent to about 100 million tons every year.While this figure may represent a smaller percentage to the overall greenhouse gases in the air compared to carbon dioxide, experts believe methane is 20 times more potent at trapping heat than other gases.

The researchers discovered that by adding another gene to that of rice, they can produce grains without emitting methane. The resulting new strain of rice, called SUSIBA2, is the first low-methane but high-starch rice that could provide a sustainable solution to lessening greenhouse gas emissions.The SUSIBA2 rice strain is produced by adding a single gene extracted from barley to common rice. This results in a type of plant that can nourish its leaves, stems and grains better while preventing microbes that produce methane from feeding off of it.Plant sciences director Christer Jansson of the DOE's Pacific Northwest National Laboratory explained that while the is a widely-recognized need to produce starch-rich rice content with low methane emissions, the key to the process has long eluded scientists.
Jansson said that as the population of the world continues to grow, the demand for more rice will continue to rise as well. The continued warming of the Earth will also lead to the warming of rice paddies, which will subsequently produce more emissions of methane. He pointed out that this is a concern that must be addressed.To test the new rice strain, the researchers introduced the SUSIBA2 rice into a regular rice variety to find out how it will perform compared to a non-modified version of the rice strain.Throughout the course of three years, field studies conducted by the researchers in China have shown that the SUSIBA2 rice was able to consistently produce more crops with virtually no emission of methane.Jansson and his fellow researchers will now continue their study regarding the SUSIBA2 rice strain, particularly the mechanisms needed for the allocation of carbon in plant cultivation.

http://www.techtimes.com/articles/72670/20150729/new-gmo-rice-can-lower-greenhouse-gas-emission-for-food-production.htm

Global rice prices to rise by year-end as El Nino hits Asian supply

By Reuters | 29 Jul, 2015, 04.56PM IST
|
Below-average rainfall linked to El Nino has already disrupted rice transplantation in India, led to a drought in seven out of 67 Thai provinces.MUMBAI: Global rice prices are likely to surge by 10 per cent to 20 per cent in the next few months as an El Nino weather pattern grips top producers in Asia, baking the region's croplands and whittling down stocks of the grain to multi-year lows. While higher prices of a key staple would be bad news for impoverished countries in Asia and Africa, lower output will help No.2 exporter Thailand offload its bulging stockpiles that have weighed on the rice market and pushed benchmark prices down to 7-1/2-year lows of $367.50 per tonne in June.

Below-average rainfall linked to El Nino has already disrupted rice transplantation in India, led to a drought in seven out of 67 Thai provinces during what should be the wet season and cut Vietnam's output expectations. Exports from the three countries, which account for 68 per cent of the world rice trade, are seen at 27.2 million tonnes this year, down 6.2 per cent from a year ago, according to the UN Food and Agriculture Organization (FAO).

"The market has not yet factored in prospects of lower production in key producing countries," B.V. Krishna Rao, managing director of leading Indian rice shipper Pattabhi Agro Foods Pvt Ltd, told Reuters. "Prices could jump 10 per cent by the year end," Rao said, reversing similar losses seen in the past five months. In fact prices could rise even more, given that weather bureaus from across the world are predicting a strong El Nino, which typically leads to crop-damaging scorching weather across Asia and east Africa but heavy rains and floods in South America. "If August rains remain patchy, like July, then rice prices could rise up to 20 per cent in a few months," said a New Delhi-based dealer with a global grains trading company. Lower overall inventories at key exporters after stellar exports in 2014 will further fuel the price gain, traders said.

DEPLETED STOCKS


The FAO estimates the stock-to-use ratio, the level of inventories relative to domestic consumption and exports, at the world's top five rice exporting countries will drop to 19 per cent in 2015/16, the lowest since 2007/08. Rice stocks in the five - India, Thailand, Vietnam, Pakistan and the United States - were drawn down in 2014 when world trade in rice rose to a record 42.8 million tonnes. Industry sources say the impact of Thailand's inventory, built up under the previous government's rice-buying programme, is also waning as only 60 per cent of it, or about 9 million tonnes, is fit for human consumption after prolonged storage.

Demand, however, is expected to pick up as buyers rush in to stock up on the grain on fears El Nino will eat into supply. The Philippines, one of the world's biggest rice importers, indicated last week that it could ship in more rice to boost buffer stocks and keep local prices stable. Traders are expecting top importer China, as well as Nigeria, to react similarly in the coming months. China's 2014/15 imports could rise 8 per cent to 4 million tonnes, while overseas purchases by Nigeria could jump to 3.7 million tonnes, up 9 per cent from last year, according to International Grains Council estimates. "Importers haven't built inventory since prices were continuously falling. Once prices start rising, they will increase purchases" to avoid having to buy at even higher rates later, said a Bangkok-based rice exporter.

Nigeria Closes Rice Importer Warehouses Over Unpaid Custom Fees



July 29, 2015 — 4:45 AM PDT
Nigeria’s customs office is shutting down the warehouses and offices of four rice importers, including Singapore-based Olam International Ltd., over unpaid fees.Customs are demanding 23.6 billion naira ($119 million) in fees owed for more than 750,000 metric tons of rice imported in excess of an allocated quota, Nigerian customs spokesman Wale Adeniyi said by phone on Wednesday from Lagos, the commercial capital. Olam owes 5 billion naira in duties and levies, while Dubai-based Stallion Group owes 17 billion naira, Adeniyi said.“We have sealed off a total of 21 warehouses and business premises in Lagos,” Adeniyi said. Further closures will probably happen outside of the southwestern state, he said.

“Olam can confirm that we have initiated legal recourse,” the company said in an e-mailed statement, declining to comment further. Stallion didn’t immediately respond to an e-mailed request for comment.Africa’s largest economy and most populous nation is dependent on imports to satisfy staple rice demand. Nigeria produces less than half of the 6 million tons a year it consumes, according to the U.S. Agriculture Department.That gap has meant the government grants a concession rate of 30 percent of customs fees for rice brought into the country within a set quota and 70 percent for imports outside of the limit, Adeniyi said.

http://www.bloomberg.com/news/articles/2015-07-29/nigeria-closes-rice-importer-warehouses-over-unpaid-custom-fees-icophspl



USA Rice Daily

Inching Toward Trade with Cuba

Everyone's waiting
WASHINGTON, DC -- Yesterday, Representative Tom Emmer (R-MN) introduced a bill in the House of Representatives to end the embargo on Cuba.  Called the "Cuba Trade Act of 2015," the bill mirrors a Senate bill introduced in June by Senator Jerry Moran (R-KS).  Emmer and Moran's bills completely lift the restrictions to trade and travel with Cuba and have bipartisan support, including legislators from key rice-producing states.
 
Last week, Moran's bill was introduced as an amendment to the Senate's Financial Services Appropriations Bill, along with two other amendments that would ease banking restrictions with Cuba and eliminate an obstacle to shipping goods to the Island.  The Senate Appropriations Committee approved the Financial Services Appropriations Bill along with all three pro-Cuba amendments.

Emmer's bill will face opposition from House Speaker John Boehner, who has said he will not encourage the House to address the embargo due to government and human rights issues in Cuba.

The new House bill comes after last week's historic opening of a Cuban embassy in Washington.  Secretary of State John Kerry is scheduled to raise the American flag at the new U.S. Embassy in Havana next month.

The U.S. Agriculture for Cuba Coalition (USACC), of which USA Rice is a founding member, has come out in support of the three amendments to the Senate Financial Services Appropriations bills, as well as Emmer's Cuba Trade Act of 2015.

"USA Rice has been at the forefront of the push to open up trade with Cuba, and we're encouraged by this flurry of legislative activity," said USA Rice President & CEO Betsy Ward.  "Cuba was our number one export market before the embargo, and I believe with our superior product and clear logistical advantages, it will be again one day."

Contact:  Kristen Dayton (703) 236-1464

CCC Announces Prevailing World Market Prices 
WASHINGTON, DC --The Department of Agriculture's Commodity Credit Corporationtoday announced the following prevailing world market prices of milled and rough rice, adjusted for U.S. milling yields and location, and the resulting marketing loan gain (MLG) and loan deficiency payment (LDP) rates applicable to the 2014 crop, which will become effective today at 7:00 a.m., Eastern Time (ET).  Prices are unchanged from the previous announcement.

World Price
MLG/LDP Rate

Milled Value ($/cwt)
Rough ($/cwt)
Rough ($/cwt)
Long Grain
15.22
9.86   
0.00
Medium/Short Grain
14.83
9.99   
0.00
Brokens
  9.18  
----
----

This week's prevailing world market prices and MLG/LDP rates are based on the following U.S. milling yields and the corresponding loan rates:

U.S. Milling Yields
Whole/Broken
(lbs/cwt)
Loan Rate
($/cwt)
Long Grain
57.21/12.55
6.64
Medium/Short Grain
61.89/8.83
6.51

The next program announcement is scheduled for August 5, 2015.    


CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for July 29
Month
Price
Net Change

September 2015
$11.200
 + $0.220
November 2015
$11.465
+ $0.220
January 2016
$11.735
+ $0.220
March 2016
$11.935
+ $0.220
May 2016
$12.120
+ $0.220
July 2016
$12.120
+ $0.220
September 2016
$11.950
+ $0.040

Old and tired, some Japan farmers see trade pact jolt as only answer


By Krista Hughes and Kaori Kaneko, Reuters 

July 29, 2015

TSURUOKA, Japan (Reuters) - Far from dreading the prospect of a Pacific trade deal that would open up Japanese markets to higher grain and meat imports, rice and pig farmer Kazushi Saito embraces it.The 58-year-old, whose lush paddy fields in the Shonai plain overlook the Sea of Japan, is in the minority among farmers generally opposed to a pact being negotiated in Hawaii this week that could make selling their products harder.
But faced with a declining population in Yamagata prefecture where he lives, falling per capita rice consumption and the fact that the average age of Japanese farmers is 67 and rising, Saito believes something has to give to rescue the struggling sector."I support the TPP (Trans-Pacific Partnership) because the government will probably change its policies in order to prevent agriculture from being destroyed," he said, referring to a 12-nation pact that would cover 40 percent of the world's economy.
Japan's reluctance to open up to more imports, including of rice, has been a major stumbling block to the TPP, and Tokyo held bilateral talks with Washington to resolve that and other obstacles, including access to the U.S. auto parts market.Saito believes Japan's farming sector, dominated by smallholders and unable to attract a new generation to take over, needs a wake up call after decades of excessive protection."Unless Japan's government pushes deregulation more and more, farmers will vanish fast."Shigeyoshi Ota, who works on a farm nearby, takes a different view."I'm really worried about what will happen when the TPP deal is done," he told Reuters."The importance of agriculture to Japan's overall economy is small, as is the farming population. It will be difficult to sway public opinion, so I kind of feel like giving up."Agriculture accounted for just 1.2 percent of Japanese GDP in 2013, government data showed, while the number of farmers was 1.7 million in 2014 down from 2.2 million ten years earlier.

PLOWING NEW FURROWS?

With domestic demand stagnant and imports set to rise under the TPP, one potential area for growth is exports, though Saito conceded that saturated Asian markets and Japan's relatively high production costs for rice meant the going would be tough."We have no choice but to export," said the farmer.Prime Minister Shinzo Abe aims to boost farm product exports to 1 trillion yen ($8.1 billion) by 2020 as part of his growth strategy, compared with 612 billion last year.Several former farm ministry officials, some of them involved in earlier trade talks that allowed limited rice imports into Japan, are now calling for more radical change.

"Protection alone won't work," said Jiro Shiwaku, former vice-minister for international affairs at the agriculture ministry who was involved in rice negotiations at the Uruguay Round of talks in the late 1980s and early 1990s.He and others argue that Japanese farmers have been slow to adapt to market forces and must prepare for the day when tariffs are eliminated altogether."Japan has poured in money, but agriculture did not become strong," said Yuki Takagi, a former vice-minister at the agriculture ministry."Management means taking risks," he added. "Japan's agriculture, especially rice farmers, have not built their careers in that way, which is fatal. Farming villages are dying out. That is clear.
"Under the Uruguay Round, the government spent around 6 trillion yen between 1995 and 2002 to cushion farmers from the impact of the trade deal on their livelihoods.Even that brought negligible benefits to some."Was there any help to support our income?" asked Ota. "I can't recall. I don't have that sense."Nevertheless, lawmakers from Japan's ruling Liberal Democratic Party, backed by farm groups, are demanding the government introduces measures to ease the burden on agriculture should the TPP be agreed, according to local media.With Japan's debt already mountainous, consumption dampened by an increase in the sales tax and spending under pressure, measures to support farmers could prove a hard sell."It will be difficult to gain public support unless the government is selective about its spending," Shiwaku said. "Everyone is having a hard time after the sales tax hikes.

http://www.thefiscaltimes.com/latestnews/2015/07/29/Old-and-tired-some-Japan-farmers-see-trade-pact-jolt-only-answer?utm_source=USA+Rice+Daily%2C+July+29%2C+2015&utm_campaign=Friday%2C+December+13%2C+2013&utm_medium=email





TPP ministerial talks under way in Hawaii / Japan, U.S. still working on rice, cars

The Yomiuri Shimbun
TPP minister Akira Amari, right, and U.S. Trade Representative Michael Froman shake hands in Maui, Hawaii, on Tuesday.
8:40 pm, July 29, 2015
The Yomiuri ShimbunMAUI, Hawaii — The ministerial meeting of the 12 nations participating in the Trans-Pacific Partnership free trade negotiations started Tuesday evening (Wednesday afternoon, JST) on the island of Maui in Hawaii.The negotiations have reached the final phase and a broad agreement is said to be near. During the four-day conference, participants will focus on the making of common rules and finalizing the round-robin bilateral talks to abolish tariffs on a broad basis.Prior to Tuesday’s ministerial talks, Japanese TPP minister Akira Amari met one-on-one with U.S. Trade Representative Michael Froman. Amari, speaking to reporters just before the bilateral meeting, said: “Negotiations are going into detail at the working level. We’d like to proceed with a firm stance to achieve what’s best for the interests of Japan.”

The issues pending between the two countries involve increasing the volume of rice imported from the United States and the timing to end the tariffs imposed on Japanese automobiles and auto parts.With regard to the import volume of tariff-free rice as staple food, Japan is proposing that for the U.S. market, it would be augmented by roughly 70,000 to 80,000 tons. The United States is requesting that the Japanese government guarantee the import volume to secure the augmentation. To this, Japan has not complied.

As for the duty levied on Japanese automobiles, currently at 2.5 percent, the two countries have reached a prior agreement to set the longest possible moratorium allowed under the TPP framework before abolition. The duration is likely to be settled at around 20 years.Furthermore, Japan is demanding that the United States further widen the range of auto parts to which the immediate elimination of tariffs could be applied. In this respect, the two sides have not been able to reach a compromise on whether high-priced major parts, such as engines and gearboxes, should be included.Amari had said that it was difficult to settle all the issues at once, indicating that reaching an agreement would be possible only in the final phase of the bilateral talks.

Drugs and investmentsIn plenary negotiations, the 12 participants are close to striking a deal on the length of data protection granted to pharmaceutical companies that hold patents on biologic drugs. The issue had been a stumbling block until recently in the free trade deal talks.During talks, the United States, which is home to a number of major pharmaceutical companies, had requested 12 years, while Japan and several other countries appealed for eight years. Emerging economies, such as Malaysia and New Zealand, which have an interest in exploiting generic drugs, pushed for 5 years or less.However, in recent talks, the United States acceded to the idea of “less than 10 years,” while Malaysia and New Zealand agreed in general to set the length to “seven to eight years,” under the condition that a moratorium be set before implementation.New Zealand Prime Minister John Key, making a conciliatory gesture, said in an interview with local radio on Tuesday that the length of data protection was most likely to be extended from the number of years they have been contesting for.

The negotiators are currently in talks in an attempt to reach a settlement at “seven to eight years.”On another front, plenary talks on the comprehensive rules for trade and investment have been making considerable progress. In a meeting of chief negotiators that lasted until Monday, sources said that agreements are coming closer for government procurement and environmental protection, among others.Sources also said a certain degree of progress was made in four fields including those of intellectual property and investments, which the ministers aim to settle during their talks.With regard to investments, another area that has been a stumbling block, a new system will likely be introduced under which companies can demand compensation from the governments of countries in which they have invested if they were to suffer from irrational regulation revisions or other actions. Speech
http://the-japan-news.com/news/article/0002320263



NFA allows farmers to sell 100,000 MT of imported rice

BusinessAgri-Commoditiesby Mary Grace Padin - July 29, 2015 0 110

The National Food Authority (NFA) said on Wednesday it is allowing farmers to distribute as much as 2 million 50-kilogram bags, or 100,000 metric tons (MT), of imported rice for 2015.
The food agency said it has started implementing the Institutionalized Farmers as Distributors (Ifad) Program, which enables farmers organizations (FOs) and farmers associations (FAs) to participate in the distribution of NFA rice stocks. The program kicked off on July 16 and will run until October 31.NFA Deputy Administrator Vic J. Jarina told the BusinessMirror that the Ifad program aims to “empower farmers” by directly involving FOs and FAs in the distribution of NFA rice. The program aims to augment their income.

According to the implementing guidelines on the 2015 Ifad program released by the agency, the NFA, upon the approval of the NFA Council, will allocate 100,000 MT of rice for the program. The volume will come from the 2014 imported rice stocks.

The NFA is inviting interested and qualified FOs and FAs to submit a letter of intent (LOI) to signify their intention to participate in the Ifad Program. The LOI should be submitted to the NFA provincial manager in their respective areas.Under the guidelines, 30 percent of the total rice volume allocation will be distributed equally to all qualified FOs and FAs nationwide with and without palay deliveries, the NFA said.

The majority, or 60 percent, of the total volume will be allocated only to FOs and FAs with palay deliveries nationwide.“The volume of allocation shall be pro-rated based on their palay deliveries and total nationwide volume of deliveries of all availing FOs or FAs for years 2013 and 2014, including January to June 2015,” the NFA guidelines read.The remaining 10 percent will be allocated to all officers of the Philippine Farmers Advisory Board and Provincial Farmers Action Council.

Each FO and FA will be given denominated Ifad certificates, which indicate the volume allocated for them and the province where they can withdraw rice.The NFA priced the 25-percent brokens at P25 per kilogram, or P1,250 per bag, while the price for the 15-percent brokens is pegged at P30 per kg or P1,500 per bag.NFA Spokesman Angel G. Imperial Jr. said in a telephone interview that the allocation for this year’s Ifad Program came from the buffer stock of the NFA, which is good for 25 days.

Imperial said rice stocks will remain sufficient, as the volume the government earlier imported from Vietnam and Thailand have already started arriving in the country’s ports.The Ifad started as a regular program in 2002 and was implemented until 2010.The NFA said it was “revitalized” in 2013 upon the request of FOs and FAs all over the country.

http://www.businessmirror.com.ph/nfa-allows-farmers-to-sell-100000-mt-of-imported-rice/

Vietnam's Rice exports may fall 6.5% this year: VFA

Jul 29, 2015 06:28 PM
Rice exports from Vietnam is expected to reach 5.91 million tons this year, down 6.5% from 2014, with loading volumes expected to fall towards the year-end, the Vietnam Food Association (VFA) said, Reuters reported.The association's full-year forecast is below a government projection of 7 million tons and below the revised shipment forecast of 6.3 million tons released early this month by the UN Food and Agriculture Organization.The country’s rice exports were stood at 6.32 million tons in 2014.

http://www.commodityonline.com/fundamentals/vietnams-rice-exports-may-fall-65-this-year-vfa/3991/



Thailand to sell 760,000 tonnes rice to Africa from stockpiles -exporters

Wed Jul 29, 2015 10:13am GMT

BANGKOK, July 29 (Reuters) - Thailand's government has struck preliminary deals to export a total of 760,000 tonnes from its huge stockpiles to several countries in Africa, the Thai Rice Exporters Association said on Wednesday.Rice will be supplied to Mozambique, Nigeria and South Africa, Chukiat Opaswong, honorary president of the association, told Reuters by phone from Johannesburg.Thailand, the world's second-largest rice exporter, has about 14.5 million tonnes of rice in stockpiles built up under a generous rice subsidy scheme run by a government that was overthrown by the military in May 2014.

The current military government aims to sell off the rice over two years, although industry observers say selling so much in such a short period will be difficult.Most of the rice going to Africa is parboiled and shipments will start in September, Chukiat said.The rice would be sold at around $430 a tonne, he said, netting the government more than $325 million.($1 = 34.9300 baht) (Reporting by Pairat Temphairojana; Editing by Simon Webb and Alan Raybould)

http://af.reuters.com/article/nigeriaNews/idAFL3N1093PB20150729

 

Rain deficit narrows to 4% as monsoon peaks over West, East

VINSON KURIAN

THIRUVANANTHAPURAM, JULY 28:  
The rain-deficit for the country as a whole as on date has narrowed down to four per cent with the monsoon suddenly peaking both to the west and east of the country.The low-pressure area over south-west Rajasthan and adjoining Gujarat has beat forecasts to intensify three rounds to become a deep depression in the area.

Rare spectacle

There is also a counterpart depression in the making to the east of the country as well, making a rare spectacle of more than one strong monsoon system based over land dictating weather.India Met Department has forecast heavy to very heavy rainfall and squally weather along coast over Gujarat, Rajasthan, Konkan, and Goa for the next few days.Similar conditions will be replicated in the eastern parts especially over Gangetic West Bengal and Odisha where the other depression is expected to intensify as a deep depression.The sudden spurt in monsoon in the north Arabian Sea and the Bay of Bengal is being attributed to the return of the Madden-Julian Oscillation (MJO) wave high in the atmosphere back over the Indian Ocean.

MJO wave returns

The wave travels periodically from Africa into the Indian Ocean and the Pacific, before getting activated for the next cyclical journey over Africa.It is fresh from setting up the busiest typhoon season since 1981 in the Pacific. Forecast models could not agree on whether it would carry some punch on return.They have now been provided with an answer, an update from the Australian Met Bureau on Tuesday said. It went on however to add that the MJO signal has started weakening from Tuesday.Meanwhile, a Central Water Commission update said that live storage in the country’s reservoirs is 115 per cent of the last year’s storage and 108 per cent of the normal.

(This article was published on July 28, 2015)
http://www.thehindubusinessline.com/industry-and-economy/agri-biz/rain-deficit-narrows-to-4-as-monsoon-peaks-over-west-east/article7474371.ece



Nagpur Foodgrain Prices Open-July 29

CommoditiesJul 29, 2015 08:59 GMT

Nagpur Foodgrain Prices Open-July 29Nagpur, July 29 (Reuters) - Gram prices reported strong in Nagpur Agriculture Produce and Marketing Committee (APMC) here on good buying support from local millers amid weak supply from producing belts. Fresh rise in Madhya Pradesh pulses and enquiries from South-based millers also boosted prices, according to sources.
*
*
*
*
FOODGRAINS & PULSES
GRAM
* Gram varieties ruled steady in open market here but demand was poor.
TUAR
* Tuar gavarani recovered in open market on good demand from local traders amid tight
supply from producing regions.
* Watana green zoomed up in open market here on increased seasonal demand from local
traders amid thin supply from producing belts.
* In Akola, Tuar - 7,100-7,200, Tuar dal - 10,100-10,300, Udid at 9,500-9,900,
Udid Mogar (clean) - 11,000-11,400, Moong - 7,000-8,000, Moong Mogar
(clean) 9,700-10,000, Gram - 4,100-4,200, Gram Super best bold - 5,700-5,900
for 100 kg.
* Wheat, rice and other commodities remained steady in open market
in thin trading activity, according to sources.
Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg
FOODGRAINS
Available prices
Previous close
Gram Auction
3,850-4,650
3,780-4,590
Gram Pink Auction
n.a.
2,100-2,600
Tuar Auction
n.a.
6,700-7,400
Moong Auction
n.a.
6,000-6,400
Udid Auction
n.a.
4,300-4,500
Masoor Auction
n.a.
2,600-2,800
Gram Super Best Bold
5,900-6,100
5,900-6,100
Gram Super Best
n.a.
Gram Medium Best
5,600-5,800
5,600-5,800
Gram Dal Medium
n.a.
n.a.
Gram Mill Quality
5,350-5,550
5,350-5,550
Desi gram Raw
4,450-4,550
4,450-4,550
Gram Filter new
5,900-6,100
5,900-6,100
Gram Kabuli
5,600-7,100
5,600-7,100
Gram Pink
6,500-6,700
6,500-6,700
Tuar Fataka Best
10,600-10,800
10,600-10,800
Tuar Fataka Medium
10,200-10,500
10,200-10,500
Tuar Dal Best Phod
9,800-9,950
9,700-9,900
Tuar Dal Medium phod
9,200-9,500
9,200-9,400
Tuar Gavarani New
7,750-7,850
7,700-7,800
Tuar Karnataka
8,100-8,300
8,100-8,300
Tuar Black
10,900-11,200
10,900-11,200
Masoor dal best
7,800-8,300
7,800-8,300
Masoor dal medium
7,500-7,900
7,500-7,900
Masoor
n.a.
n.a.
Moong Mogar bold
9,600-10,400
9,600-10,400
Moong Mogar Medium best
8,500-9,000
8,500-9,000
Moong dal Chilka
8,600-9,000
8,600-9,000
Moong Mill quality
n.a.
n.a.
Moong Chamki best
9,600-9,900
9,600-9,900
Udid Mogar Super best (100 INR/KG)
11,200-11,800
11,200-11,800
Udid Mogar Medium (100 INR/KG)
10,600-11,000
10,600-11,000
Udid Dal Black (100 INR/KG)
9,200-9,600
9,200-9,600
Batri dal (100 INR/KG)
4,500-5,000
4,500-5,000
Lakhodi dal (100 INR/kg)
3,250-3,400
3,250-3,400
Watana Dal (100 INR/KG)
3,100-3,350
3,100-3,350
Watana White (100 INR/KG)
3,100-3,200
3,100-3,200
Watana Green Best (100 INR/KG)
3,300-3,900
3,200-3,800
Wheat 308 (100 INR/KG)
1,400-1,500
1,400-1,500
Wheat Mill quality(100 INR/KG)
1,500-1,650
1,500-1,650
Wheat Filter (100 INR/KG)
1,300-1,500
1,300-1,500
Wheat Lokwan best (100 INR/KG)
2,200-2,400
2,200-2,400
Wheat Lokwan medium (100 INR/KG)
1,900-2,100
1,900-2,100
Lokwan Hath Binar (100 INR/KG)
n.a.
n.a.
MP Sharbati Best (100 INR/KG)
3,200-3,700
3,200-3,700
MP Sharbati Medium (100 INR/KG)
2,550-2,850
2,550-2,850
Rice BPT New(100 INR/KG)
2,750-2,950
2,750-2,950
Rice BPT (100 INR/KG)
3,050-3,300
3,050-3,300
Rice Parmal (100 INR/KG)
1,600-1,750
1,600-1,750
Rice Swarna new (100 INR/KG)
2,200-2,450
2,200-2,450
Rice Swarna old (100 INR/KG)
2,500-2,700
2,500-2,700
Rice HMT new(100 INR/KG)
3,100-3,600
3,100-3,600
Rice HMT (100 INR/KG)
3,800-4,200
3,800-4,200
Rice HMT Shriram New(100 INR/KG)
4,200-4,600
4,200-4,600
Rice HMT Shriram old (100 INR/KG)
4,700-5,100
4,700-5,100
Rice Basmati best (100 INR/KG)
8,000-10,000
8,000-10,000
Rice Basmati Medium (100 INR/KG)
7,000-7,500
7,000-7,500
Rice Chinnor new (100 INR/KG)
4,500-4,800
4,500-4,800
Rice Chinnor (100 INR/KG)
5,100-5,500
5,100-5,500
Jowar Gavarani (100 INR/KG)
2,100-2,350
2,100-2,350
Jowar CH-5 (100 INR/KG)
2,400-2,500
2,400-2,500 WEATHER (NAGPUR) Maximum temp. 31.6 degree Celsius (88.9 degree Fahrenheit), minimum temp. 22.3 degree Celsius (71.1 degree Fahrenheit) Humidity: Highest - n.a., lowest - n.a. Rainfall : 1.2 mm FORECAST: Generally cloudy sky. Rains or thunder-showers likely. Maximum and minimum temperature would be around and 33 and 23 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.investing.com/news/commodities-news/nagpur-foodgrain-prices-open-july-29-25363


ICAR ‘Young Scientist’ award

HYDERABAD, JULY 29:  
Shaik N Meera, a senior scientist with Indian Institute of Rice Research, has bagged the Lal Bahadur Shastri Outstanding Young Scientist Award 2014 instituted by Indian Council of Agricultural Research. He received one lakh in cash and a citation and “a challenge project for three years with a budgetary provision of 30 lakh and 5 lakh for training abroad,” a press release said.He led a team in developing the Rice Knowledge Management Portal.
(This article was published on July 29, 2015)
http://www.thehindubusinessline.com/news/science/icar-young-scientist-award/article7478114.ece


http://www.thehindubusinessline.com/news/science/shaik-n-meera-gets-icar-young-scientist-award/article7477797.ece






Buriram encourages farmers to adopt one stop industrial farming to lower production costs

Date : 29 กรกฎาคม 2558

BURIRAM, 29 July (NNT) - Buriram province is encouraging farmers to adopt a one stop industrial farming method to lower production costs. The method is also known as the 'Major Agricultural Field Project'. The Governor of Buriram Seri Srihatrai, chaired the opening of a technology broadcasting day intended to demonstrate the benefits of farming on an industrial scale, on a vast area of land. This style of agriculture lowers production costs, increases the amount of produce and boosts rice quality. It can further develop the area into a teaching and learning center through the use of proven local practice, with the addition of academic knowledge relevant to the farmers' respective areas of agriculture.

The event included input from the provincial agricultural and cooperatives units, the Nakhon Ratchasima and Surin Rice Research Centers, previous members of the program and a younger generation of farmers who also took part in the day of learning. Activities included methods of producing organic fertilizers, Trichoderma fungi biological products to protect from or get rid of pests, household expense management and educating the younger generation of farmers to pass on farming techniques for the farmer's sustainable future. Nowadays, more farmers are interested in rice seeding, currently amounting to 294 farmers, and 3,103 rai of land using approximately 8-10 kilograms of rice per rai.

However there are atill 156 farmers who are sowing rice on an area of 1,897 rai using an average 15 kilograms of rice per rai. This means the rice seeders are using 65,515 kilograms less rice than otherwise, amounting to a saving of 1.4 million baht. The province aims to reach a target of 5,000 rai dedicated to rice seeding by 400 farmers. Meanwhile some farmers are hesitant and prefer to wait and see harvest results of the farmers nearby, before deciding whether to join the next year's rice seeding efforts.







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30th July (Thursday), 2015 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

Japan May Propose to Set Tariff-Free Import Quota for U.S. Rice at 70,000 Tons Under TPP

Jul 29, 2015
Japan is planning to propose a 70,000 ton tariff-free rice import quota for the U.S. as part of efforts to push forward the Trans-Pacific Partnership (TPP) negotiations that have been stalled due to a impasse between the U.S. and Japan over access to Japan's rice market and U.S. tariffs on automotive parts, according to local sources.Japan is likely to put forth its plans in a four-day ministerial meeting of the 12 countries, also including Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, that began on July 28, 2015 in Hawaii.
The U.S. has been demanding that Japan increase the U.S. quota to 175,000 tons. However, Japan may not honor the U.S. request in order to protect its rice sector from foreign competition. It is planning to initially set the quota at 50,000 tons and gradually increase it to 70,000 tons over the next decade. Local sources noted that Japan may not necessarily adhere to the import quota every year, but its imports may depend on the domestic demand.
Meanwhile, Australia is also reportedly seeking an increase in its import quota. Japan may propose to set the Australian target at 12% of the U.S. quota. Both U.S. and Australia quotas may be together set at 80,000 tons, according to local sources.
Currently, Japan imports about 770,000 tons of rice under the annual minimum market access (MMA) quota as per the World Trade Organization (WTO) obligations. The rice imports above the MMA quota carry a prohibitive import tariff of around 778%.
USDA estimates Japan to produce around 7.7 million tons of rice and import around 700,000 tons of rice in MY 2014-15 (November - October) to meet annual consumption needs of around 8.2 million tons.

Thailand to Export 76,000 Tons of Stockpiled Rice to Africa at $430 per Ton, Says TREA Official

Jul 29, 2015
The government of Thailand has struck preliminary deals to export about 760,000 tons of stockpiled rice to African nations, including Mozambique, Nigeria and South Africa, Reuters quoted the Honorary President of the Thailand Rice Exporters Association (TREA).He noted that African nations mostly buy parboiled rice and the Thai government is likely to begin shipments from September this year.
The TREA official also noted that rice would be sold at around $430 per ton raising a total of around $325 million.The Thai military government still has around 14.5 million tons of rice in its stockpiles and it is planning to sell about 10 million tons this year. The government had over 17 million tons of rice when it took over in May 2014. It sold a total of 3.88 million tons of rice in eight auction for around 40.90 billion baht ($1.2 billion) since it took over in May 2014.The government is planning to hold another auction this month. It is also considering to auction about 1.29 million tons of sub-standard rice in August.

Cambodian Commerce Ministry to Invest $450,000 in Rice Sector to Boost Exports

Jul 29, 2015
Cambodia's Commerce Ministry has agreed to invest about $450,000 as a one time seed capital in the country's rice sector to help boost exports, local sources quoted an official from the Cambodian Rice Federation (CRF).The CRF official told reporters that the Ministry has signed a memorandum of understanding (MoU) with the CRF, which comprises of farmers, millers and exporters, as part of efforts to increase rice exports of the country. He added that the funds will be used for promoting exports through overseas exhibitions, government-to-government (G2G) discussions as well as local infrastructure
development.
The official also noted that the federation would receive the funds after sending a detailed plan of their proposed use.Cambodian exports are said to be severely impacted to lack of adequate milling, storing and transportation facilities. The government aimed to export about one million tons of rice this year, but has specified that it may not be able to meet the target to the above reasons. It is reportedly planning to export around 60,000 tons this year.Cambodia has exported around 283,825 tons of milled rice in the first six months of 2015, up about 60% from around 177,928 tons exported during the same period last year. Cambodia exported about 387,100 tons of rice in 2014.
USDA estimates Cambodia to export 1.1 million tons of rice (including official and unofficial exports to Vietnam and Thailand through borders) in 2015, up about 10% from an estimated 1 million tons in 2014.
Global Rice Quotes
July 29th, 2015
Long grain white rice - high quality
Thailand 100% B grade          380-390           ↔
Vietnam 5% broken    345-355           ↔
India 5% broken         385-395           ↔
Pakistan 5% broken    360-370           ↓
Myanmar 5% broken   400-410           ↔
Cambodia 5% broken             425-435           ↔
U.S. 4% broken           470-480           ↔
Uruguay 5% broken    535-545           ↔
Argentina 5% broken 530-540           ↔
Long grain white rice - low quality
Thailand 25% broken 350-360           ↔
Vietnam 25% broken 325-335           ↔
Pakistan 25% broken 320-330           ↓
Cambodia 25% broken           410-420           ↔
India 25% broken       350-360           ↔
U.S. 15% broken         445-455           ↔
Long grain parboiled rice
Thailand parboiled 100% stxd            380-390           ↔
Pakistan parboiled 5% broken stxd    415-425           ↔
India parboiled 5% broken stxd         375-385           ↔
U.S. parboiled 4% broken       555-565           ↔
Brazil parboiled 5% broken    545-555           ↔
Uruguay parboiled 5% broken            NQ      ↔
Long grain fragrant rice
Thailand Hommali 92%          865-875           ↔
Vietnam Jasmine         485-495           ↔
India basmati 2% broken        NQ      ↔
Pakistan basmati 2% broken   NQ      ↔
Cambodia Phka Mails             835-845           ↔
Brokens
Thailand A1 Super      320-320           ↔
Vietnam 100% broken            315-325           ↔
Pakistan 100% broken stxd    285-295           ↔
Cambodia A1 Super   350-360           ↔
India 100% broken stxd         305-315           ↔
Egypt medium grain brokens NQ      ↔
U.S. pet food 325-335           ↔
Brazil half grain          NQ      ↔


All prices USD per ton, FOB vessel, oryza.com




FAO Forecasts Vietnam's 2015 Rice Exports to Fall Below 2014 Level

Jul 29, 2015

The UN's Food and Agriculture Organization (FAO) forecasts Vietnam's 2015 rice exports at around 6.3 million tons, slightly down from last year's below-average level of 6.5 million tons. Vietnam exported about 2.926 million tons of rice in January 1 - July 23, 2015, down about 19% from about 3.63 million tons of rice exported in first seven months of 2014, according to data from the Vietnam Food Association (VFA).The FAO forecasts Vietnam's 2015 total paddy production at around 44.68 million tons (around 28.8 million tons, basis milled), down about 1% from last year's 44.98 million tons (around 29 million tons, basis milled).  The decline can be attributed to the drought-inducing El Nino phenomenon. World's meteorological and oceanic institutions are predicting the El Niño conditions to strengthen in the coming months and persist through 2015-16 winter.
Planting of the 2015 summer-autumn season paddy crop is almost complete. Below-average rainfall and high temperatures between April and July have reportedly delayed planting operations. As of mid-June around 1.9 million hectares have been planted, down about 6% from last year. Around 2.7 million hectares was sown to summer-autumn crop in 2014. Planting for the 2015 10th Month (winter) season rice crop has just started and will continue till October.   The FAO estimates the output from the 2015 main winter-spring crop, whose harvesting completed in June, at around 20.7 million tons (around 13.35 million tons, basis milled), almost similar to 2014. It accounts for about 46% of the country's total paddy production. Summer-autumn crop and 10th Month (winter) seasons account for 32% and 22% respectively.
Wholesale rice prices of rice in Vietnam declined slightly in the first two weeks of July due to increased supplies from the recently-harvested 2015 winter-spring crop as well as weak export demand. Overall the prices were below their year-ago levels. USDA estimates Vietnam to produce around 28 million tons of rice, basis milled (around 45 million tons, basis paddy) and export around 6.7 million tons in 2014-15 (January 2015 - December 2015).

Italy's Noted Literature Writer Sebastiano Vassalli Passes Away at 74

Jul 29, 2015
Sebastiano Vassalli, one of Italy's most representative writers, who linked Italy's rice fields and litertature, has passed away on Jyly 27, 2015.  His links with the Italian rice world have been very deep and his passion towards the Italian rice fields made him spent most of his time in rice fields.  He was born in Genoa and moved to Novara, when he was a child. Later, he lived in the rice fields in the former rectory of Marangana, not very far from Novara and Vercelli.  He has been one of the most translated Italian writers abroad. He had graduated in Italian Literature with a thesis on contemporary art and psychoanalysis discussed with famous psychologist and psychoanalyst Cesare Musatti; after that he became an high school teacher.
He reached fame in 1990 with his book "La chimera", an historical novel set in the Novara countryside of the seventeenth century. "The world of agriculture in Novara certainly loses its most high-profile author: he was able to tell what was rice growing sector and this land was in the sixteenth and seventeenth centuries," said local sources. The University of Gothenburg had proposed his name as a candidate for the Nobel Prize for Literature in 2015, but unfortunately he died after a short incurable disease. 

Government Measures Protect 102,000 Hectares of Rice Fields from Drought in Indonesia, Says Minister

Jul 29, 2015
The government of Indonesia has been successful in protecting around 102,000 hectares of rice from drought conditions during the period October 2014 - July 2015, local sources quoted the Agriculture Minister as saying. The Minister noted that only 57,000 hectares of rice lands have been impacted by drought conditions in the ten-month period, compared to around 159,000 hectares impacted last year. He added that the government saved around 500,000 tons of paddy worth 2 trillion Rupiah (around $149 million) from being lost due to drought. 
Yearly, around 198,000 hectares of rice lands in the country are impacted by dry weather conditions and less water facilities. However, this year, concerns of an El Nino weather pattern that is associated with dry weather conditions has prompted the government to take precautionary measures in areas that are prone to drought conditions. It reportedly distributed some 82,000 pump sets across the country and ensured adequate irrigation facilities in these areas.
The Director General of Water Resources of the Public Works and Public Housing Ministry told reporters that the government will continue to monitor the irrigation systems and impose water rationalization if necessary. Water from the dams will be prioritized for drinking, irrigation, and
industries, he added. Water levels in five dams in the Java region are at low levels due to the dry spell.
USDA estimates Indonesia to produce around 36.3 million tons of rice, basis milled (around 57.17 million tons, basis paddy), and import around 1.25 million tons of rice in MY 2014-15 (October - September).

High Night Time Temperatures, Bacterial Panicle Blast Threaten Arkansas Rice Production

Jul 29, 2015
High temperatures, especially in the nights, are likely to significantly impact rice grain quality in the U.S. state of Arkansas, Deltafarmpress quoted the Extension rice specialist at the University of Arkansas.The scientist noted that the night temperatures have remained at or above 75 degrees Fahrenheit at nights and this is causing a concern on the quality of the Arkansas rice crop this year. "The past research suggests that high night temperatures can have a significant impact on grain quality, primarily related to chalkiness," he said. 
He noted that similar weather conditions in July and August months of 2010 and 2011 had severely impacted the grain quality. Incidence of bacterial blight in those years also affected yields in the state, he added.This year also, rice crop is likely to be infested with bacterial blight conditions affecting yields. He noted that they are expecting a yield of around 150 bushels per acre (around 10.125 tons per hectare), down from last three years' average of around 168 bushels per acre (around 11.34 tons per hectare).
However, he said some newer varieties that are used this season appear to be less susceptible to bacterial panicle blight. Precisely, varieties sown in about 60% of rice area are said to be relatively resistant to the diseases, he said.
He also noted that high temperatures are protecting rice crops from other diseases like sheath blight and leaf blast. 
USDA estimates Arkansas total planted rice area in 2015 at around 556,000 hectares down about 3% from around 576,000 hectares from 2014. While acreage for long-grain rice is expected to decline to around 460,000 hectares from last year's 488,000 hectares, acreage for medium-grain rice is expected to increase to around 96,000 hectares from around 88,000 hectares last year. Acreage for short-grain rice is expected to remain stable at around 400 hectares. Arkansas 2015 production is estimated at to increase to around 5 million tons from last year's 4.26 million tons, while yield is estimated to remain almost stable at around 8.5 tons per hectare.

Oryza Afternoon Recap - Chicago Rough Rice Futures Rally while Grains Fall on Optimal Weather

Jul 29, 2015
Chicago rough rice futures for Sep delivery settled 22 cents per cwt (about $5 per ton) higher at $11.200 per cwt (about $247 per ton). The other grains finished the day lower; Soybeans closed about 0.2% lower at $9.4325 per bushel; wheat finished about 2.8% lower at $4.9625 per bushel, and corn finished the day about 1.9% lower at $3.7825 per bushel.
U.S. stocks traded higher Wednesday as investors digested the Federal Reserve statement that kept rates unchanged. The Federal Reserve kept rates unchanged and gave no hint of liftoff coming in the next meeting. The decision on the rates was unanimous. Policymakers said the economy is expanding moderately. The Dow Jones industrial average traded about 100 points higher. The index initially extended gains to trade about 130 points higher after trading about 90 points lower before the statement. The Nasdaq Composite briefly dipped into negative territory. The Federal Open Market Committee concluded its two-day meeting in the afternoon and was scheduled to release its statement at 2:00 p.m.
No press conference is planned. In economic news, pending home sales came in down 1.8 percent in June from May. Housing data so far has been mixed. Last week's new home sales report disappointed analysts while existing home sales jumped to an 8-1/2-year high. Ahead of the statement release, the Dow Jones Industrial Average traded up 99 points, or 0.56%, at 17,729. The S&P 500 traded up 10 points, or 0.48%, at 2,103, with telecommunications leading nine sectors higher and utilities the only laggard. The Nasdaq traded up 6 points, or 0.13%, at 5,095. Gold is trading about 0.1% lower, crude oil is seen trading about 1.5% higher, and the U.S. dollar is seen trading at about 0.2% higher at about  2:00pm Chicago time.
Tuesday, there were 437 contracts traded, down from 647 contracts traded on Monday. Open interest – the number of contracts outstanding – on Tuesday increased by 149 contracts to 8,697.

Oryza Overnight Recap – Chicago Rough Rice Futures Trade Above $11.000 on Support from Firmer Beans

Jul 29, 2015
rice futures for Sep delivery are currently seen trading 5.5 cents per cwt (about $1 per ton higher) at $11.035 per cwt (about $243 per ton) during early floor trading in Chicago. The other grains are seen trading mixed this morning; soybeans are currently seen trading about 0.6% higher, wheat is listed about 0.9% lower and corn is currently noted about 0.9% lower.U.S. stocks traded in a narrow range Wednesday as investors digested earnings and awaited the release of the Federal Reserve statement that could shed light on the timing of a rate hike.
The Nasdaq Composite struggled to hold higher while the Dow Jones industrial average and S&P 500 clung to mild gains. The Federal Open Market Committee concludes its two-day meeting in the afternoon and is scheduled to release its statement at 2:00 p.m. No press conference is planned. In economic news, pending home sales comes at 10:00 a.m. Housing data so far has been mixed. Last week's new home sales report disappointed analysts while existing home sales jumped to an 8-1/2-year high. Weekly mortgage applications barely moved for the second week in a row, rising just 0.8%, the Mortgage Bankers Association (MBA) said. U.S. stocks closed higher on Tuesday, breaking a 5-day losing streak, as energy stocks surged on a recovery in oil prices.
Overseas, mainland Chinese stocks halted a three-day decline with a 3.47% gain Wednesday. European stocks traded flat to slightly higher. Analysts remain skeptical of full recovery in the mainland Chinese stock market. The Dow Jones Industrial Average traded up 30 points, or 0.16%, at 17,658. The S&P 500 traded up 3 points, or 0.15%, at 2,096, with telecommunications leading seven sectors higher and utilities the greatest laggard. The Nasdaq traded up 3 points, or 0.05%, at 5,091. Gold is currently trading about 0.5% lower, crude oil is seen trading about 0.8% lower,  and the U.S. dollar is currently trading unchanged at 9:00am Chicago time.

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

Jul 29, 2015
Pakistan rice sellers lowered their quotes for 5% broken rice and 25% broken rice by about a $10 per ton each to about $360-$370 per ton and $320-$330 per ton respectively today. Other Asia rice sellers kept their quotes mostly unchanged.

5% Broken Rice
Thailand 5% rice is indicated at around $370 - $380 per ton,  about a $25 per ton premium on Vietnam 5% rice  shown at around $345 - $355 per ton.
India 5% rice is indicated at around $385 - $395 per ton, about $25 per ton premium on Pakistan 5% rice shown at around $360 - $370 per ton, down about a $10 per ton from yesterday.
25% Broken Rice
Thailand 25% rice is shown at around $350 - $360 per ton, about a $25 per ton premium on Vietnam 25% rice shown at around $325- $335 per ton.
India 25% rice is indicated at around $350 - $360, about $30 per ton premium on Pakistan 25% rice shown at around $320 - $330per ton, down about a $10 per ton from yesterday.
Parboiled Rice
Thailand parboiled rice is indicated at around $380 - $390 per ton.
India parboiled rice is indicated at around $375- $385 per ton, about a $40 per ton discount to Pakistan parboiled rice was last  shown at around $415 - $425 per ton.

100% Broken Rice
Thailand broken rice, A1 Super, is indicated at around $320 - $330 per ton, about $5 per ton from premium on Vietnam 100% broken rice shown at around $315 - $325 per ton.

India's 100% broken rice is shown at around $305 - $315 per ton, about a $20 per ton premium on  Pakistan broken sortexed rice shown at around $285 - $295 per ton.

Download/View On-Line the above News in pdf for
mat,just click the following link

Wednesday, July 29, 2015

29th July (Wednesday), 2015 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

Oryza Overnight Recap – Chicago Rough Rice Futures Continue to Drift Sideways as Market Lacks Fundamental Price Direction

Jul 28, 2015
Chicago rough rice futures for Sep delivery are currently seen trading unchanged at $10.960 per cwt (about $242 per ton) during early floor trading in Chicago. The other grains are seen trading mixed this morning; soybeans are currently seen trading about 0.9% higher, wheat is listed about 0.3% higher and corn is currently noted about 0.2% lower.
U.S. stocks opened higher on Tuesday as investors found encouragement from some recovery in Chinese stocks and eyed mixed earnings as the Federal Reserve began its two-day meeting. Stocks attempted to recover from five straight days of declines that brought the S&P 500 just above its 200-day moving average and the Dow Jones industrial average to its lowest close in nearly six months on Monday. China remained in focus, with Shanghai's benchmark stock market closing down 1.7% in a recovery from an intraday decline of as much as 5%. China's securities regulator said on Tuesday that it had launched an investigation into Monday's selloff, when stocks fell more than 8%.While the Nikkei joined the Shanghai Composite in negative territory, the Hang Seng closed up 0.62%.European stocks traded higher and stock futures rose following the rally attempt in Asia. The services PMI and consumer confidence come out at 9:45 a.m. and 10:00 a.m., respectively. The Federal Open Market Committee begins its two-day meeting Tuesday. No press conference is scheduled at its conclusion Wednesday afternoon. Gold is currently trading slightly higher, crude oil is seen trading about 0.2% lower,  and the U.S. dollar is currently trading about 0.4% higher at 8:45am Chicago time. 

Brazil Paddy Rice Index Advances Slightly from Last Week

Jul 28, 2015
The Brazilian paddy rice index maintained by CEPEA reached around 33.71 real per 50 kilograms as of July 27, 2015, up about 0.30% from around 33.60 real per 50 kilograms recorded on July 20, 2015.
In terms of USD per ton, the index reached around $203 per ton on July 27, 2015, down about 3% from around $209 per ton recorded on July 20, 2015.

Oryza U.S. Rough Rice Recap - Prices Remain Firm as Sellers Wait on Sidelines; Concerns about High Nighttime Temps Grow

Jul 28, 2015

The U.S. cash market was seen unchanged today with prices remaining fairly firm. Most sellers continue to wait on the sidelines expecting prices to increase even further given the increase in export demand and growing concerns about new crop.
Analysts note that the crop is making good progress however weather concerns are beginning to mount. A recent span of night time temperatures that held above 75 degrees Fahrenheit has brought back memories of the 2010 and 2011 crops which faced similar conditions and also produced a sub optimal crop.

Oryza Afternoon Recap - Chicago Rough Rice Futures Find Support form Outside Markets as Grain Complex Attempts to Recover Following Yesterday's Steep Loss

Jul 28, 2015
Chicago rough rice futures for Sep delivery settled 2 cents per cwt (about $0.44 per ton) higher at $10.980 per cwt (about $242 per ton). The other grains finished the day higher as prices attempted to recover from steep losses sustained the previous day; Soybeans closed about 1.2% higher at $9.4475 per bushel; wheat finished about 1.6% higher at $5.1075 per bushel, and corn finished the day about 0.5% higher at $3.8525 per bushel.
U.S. stocks traded higher by nearly 1% or more on Tuesday as investors found encouragement from some recovery in Chinese stocks and eyed mixed earnings as the Federal Reserve began its two-day meeting. The Federal Open Market Committee begins its two-day meeting Tuesday. No press conference is scheduled at its conclusion Wednesday afternoon. The Dow Jones industrial average traded more than 130 points higher after adding more than 100 points in late morning trade.
 The S&P 500 held higher, while the Nasdaq Composite attempted to hold in positive territory. Stocks attempted to recover from five straight days of declines that brought the S&P 500 to just above its 200-day moving average and the Dow Jones industrial average to its lowest close in nearly six months on Monday. China remained in focus, with Shanghai's benchmark stock market closing down 1.7% in a recovery from an intraday decline of as much as 5%. China's securities regulator said on Tuesday that it had launched an investigation into Monday's selloff, when stocks fell more than 8%.While the Nikkei joined the Shanghai Composite in negative territory, the Hang Seng closed up 0.62%.European stocks traded higher and stock futures rose following the rally attempt in Asia.
 In economic news, U.S. consumer confidence for July came in at 90.9, missing expectations and posting a decline from June's read of 99.8. The Dow Jones Industrial Average traded up 138 points, or 0.80%, at 17,579. The S&P 500 traded up 19 points, or 0.94%, at 2,087, with energy leading nine sectors higher and telecommunications the only decliner. The Nasdaq traded up 34 points, or 0.68%, at 5,073. Gold is trading about 0.1% lower, crude oil is seen trading about 1.2% higher, and the U.S. dollar is seen trading at about 0.2% higher at about  1:15pm Chicago time.
Monday, there were 647 contracts traded, up from 510 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday decreased by 54 contracts to 8,548.
Global Rice Quotes
July 28th, 2015

Long grain white rice - high quality
Thailand 100% B grade          380-390           ↔
Vietnam 5% broken    345-355           ↔
India 5% broken         385-395           ↔
Pakistan 5% broken    370-380           ↔
Myanmar 5% broken   400-410           ↔
Cambodia 5% broken             425-435           ↔
U.S. 4% broken           470-480           ↔
Uruguay 5% broken    535-545           ↔
Argentina 5% broken 530-540           ↔

Long grain white rice - low quality
Thailand 25% broken 350-360           ↔
Vietnam 25% broken 325-335           ↔
Pakistan 25% broken 330-340           ↔
Cambodia 25% broken           410-420           ↔
India 25% broken       350-360           ↔
U.S. 15% broken         445-455           ↔

Long grain parboiled rice
Thailand parboiled 100% stxd            380-390           ↔
Pakistan parboiled 5% broken stxd    415-425           ↔
India parboiled 5% broken stxd         375-385           ↔
U.S. parboiled 4% broken       555-565           ↔
Brazil parboiled 5% broken    545-555           ↔
Uruguay parboiled 5% broken            NQ      ↔

Long grain fragrant rice
Thailand Hommali 92%          865-875           ↔
Vietnam Jasmine         485-495           ↔
India basmati 2% broken        NQ      ↔
Pakistan basmati 2% broken   NQ      ↔
Cambodia Phka Mails             835-845           ↔

Brokens
Thailand A1 Super      320-320           ↔
Vietnam 100% broken            315-325           ↑
Pakistan 100% broken stxd    285-295           ↔
Cambodia A1 Super   350-360           ↔
India 100% broken stxd         305-315           ↔
Egypt medium grain brokens NQ      ↔
U.S. pet food 325-335           ↔
Brazil half grain          NQ      ↔
All prices USD per ton, FOB vessel, oryza.com



Iraq Reported to Have Bought 112,000 Tons of Rice from Argentina, Uruguay

Jul 28, 2015
Iraq has bought 112,000 tons of rice from Argentina and Uruguay, Bloomberg reports, citing the Iraq Trade Ministry.

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

Jul 28, 2015

Vietnam rice sellers increased their quotes for 100% broken rice by about a $5 per ton to about $315-$325 per ton today. Other Asia rice sellers kept their quotes mostly unchanged.
5% Broken Rice
Thailand 5% rice is indicated at around $370 - $380 per ton,  about a $25 per ton premium on Vietnam 5% rice  shown at around $345 - $355 per ton.
India 5% rice is indicated at around $385 - $395 per ton, about $15 per ton premium on Pakistan 5% rice shown at around $370 - $380 per ton.
25% Broken Rice
Thailand 25% rice is shown at around $350 - $360 per ton, about a $25 per ton premium on Vietnam 25% rice shown at around $325- $335 per ton.
India 25% rice is indicated at around $350 - $360, about $20 per ton premium on Pakistan 25% rice shown at around $330 - $340per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $380 - $390 per ton.
India parboiled rice is indicated at around $375- $385 per ton, about a $40 per ton discount to Pakistan parboiled rice was last  shown at around $415 - $425 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is indicated at around $320 - $330 per ton, about $5 per ton from premium on Vietnam 100% broken rice shown at around $315 - $325 per ton, up about a $5 per ton from yesterday.
India's 100% broken rice is shown at around $305 - $315 per ton, about a $20 per ton premium on  Pakistan broken sortexed rice shown at around $285 - $295 per ton





Russia Rice Production Expected to Increase in MY2015-16, Says USDA Post

Jul 28, 2015
Milled rice production in Russia is projected to increase to around 700,000 tons in MY2015-16 (Jan-Dec2016), up from an estimated 682,000 tons in MY2014-15, according to the USDA post. The increase is thanks to higher rice acreage, expected to rise to 200,000 hectares in MY2015-16 from about 196,000 hectares in MY2014-15. 

Russia’s rice import are expected to remain steady at 250,000 tons in MY2015-16, unchanged from MY2014-15, according to Post. Ending stocks in MY2015-16 are expected to increase to about 106,000 tons from about 76,000 tons in MY2014-15. However, Russia’s rice exports are expected to decline to about 160,000 tons in MY2015-16 from about 190,000 tons in MY2014-15.

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