Tuesday, July 26, 2016

26th July,2016 daily global,regional and local rice e-newsletter by riceplus magazine




Kharif crops output likely to be better than 2015

 

PTI

| New Delhi | 23 July, 2016

The country's overall production of kharif crops like paddy is likely to be better than 2015 if southwest monsoon rainfall continues to be favourable in the next two months, the government said on Friday.

The sowing of kharif crops has begun with the start of the soutwest monsoon from June. Several parts of the country have received good rains, boosting the planting operations.

"In view of better progress of sowing of kharif crops, if rainfall conditions during the remaining period of current monsoon season continues to be favourable as per prediction of IMD, this year's production scenario of kharif crops should be better than the last year," Minister of State for Agriculture Sudarshan Bhagat said in a written reply to the Rajya Sabha.

Till last week, total area sown to kharif crops was higher by 11.38 lakh hectares when compared to the year-ago period, he said.

He also said that it is too early to have firm assessment of the kharif production for this year as the initial estimates are normally released in September.

India Meteorological Department (IMD) has projected better than normal rains after two drought years.In a separate reply, Minister of State for Agriculture Parshottam Rupala said the central schemes on agriculture are implemented for all farmers including SCs and STs.

About 8 per cent and 15-16.2 per cent of the total funds allocated to the ministry are earmarked for tribal sub-plan and scheduled caste sub plan, respectively, during the current 2016-17 fiscal, he added.

http://www.thestatesman.com/news/business/kharif-crops-output-likely-to-be-better-than-2015/155836.html#EY4z0LxEQkRczqH8.99



China remains largest importer of Vietnamese rice

Update: July, 26/2016 - 14:00

In the first seven months, the country’s rice exports fell 18.4 per cent in volume and 14.4 per cent in value year-on-year. - Photo doanhnhansaigon.vn
HÀ NỘI - The agroforestry-fisheries export turnover in July was estimated at US$2.64 billion, lifting the sector’s export value in the first seven months to reach $17.8 billion, up 5.1 per cent year-on-year.
According to the agriculture and rural development ministry, the country exported 2.93 million tonnes of rice in the reviewed period, earning $1.32 billion. The exports, however, fell 18.4 per cent in volume and 14.4 per cent in value year-on-year.
China remained the largest importer of Vietnamese rice, accounting for more than 35 per cent of the market share. Indonesia came second with 11.6 per cent.
Over the last seven months, pepper exports experienced a 26 per cent year-on-year increase in quantity to reach 122,000 tonnes. But the turnover surged only 9 per cent year-on-year to touch $988 million due to a 13 per cent drop in export prices.
Likewise, the average export price of coffee in the period also plunged by 15.6 per cent year-on-year. As a result, coffee exports earned $1.98 billion in turnover, up 18 per cent year-on-year, despite a significant 38 per cent growth in volume at 1.13 million tonnes.
A decrease of 15 per cent in export prices was also seen in the rubber industry. From January to July, rubber exports stood at 564,000 tonnes, worth nearly $705 million, representing an 8.8 per cent growth in volume, but a 7 per cent fall in value year-on-year.
The volume of tea exports in the first seven months rose by 5 per cent to touch 69,000 tonnes, but the value declined slightly by 2 per cent at $110 million.
Among major farm produce, cashew nut exports increased in both value and volume. The sector earned $1.46 billion from shipping 189,000 tonnes of products overseas, surging 9 per cent and 3 per cent in value and volume, respectively, year-on-year.
The value of seafood exports for the seven-month period topped an estimated $3.65 billion, a yearly rise of 3.3 per cent, while the forestry export turnover grew a modest 1 per cent to reach about $3.98 billion, with the US, Japan and China being the largest importers.-VNS

http://vietnamnews.vn/economy/300158/china-remains-largest-importer-of-vietnamese-rice.html#bOq8LfCXPuLGfduO.97






Rice Stewardship Partnership to Submit Three New RCPP Proposals 


LITTLE ROCK, AR -- Earlier this year, the USA Rice-Ducks Unlimited Rice Stewardship Partnership jointly submitted three pre-proposals for conservation financial assistance funding through the USDA Natural Resources Conservation Service's (NRCS) Regional Conservation Partnership Program (RCPP).  Last Friday, the Partnership was selected to submit final proposals by September 19 for all three projects spanning the Mid-South and the Gulf of Mexico.

USA Rice is taking the lead on the Mid-South Graduated Water Stewardship Program focused on the Lower Mississippi River Valley region and prioritizing water quantity, water quality, wildlife habitat, climate change, and saving energy.
"Our team in the field is really looking forward to continuing the build out of this proposal which, if funded, would greatly benefit ricelands in Arkansas, Missouri, Mississippi, and Northeast Louisiana," said Little Rock-based USA Rice Stewardship Partnership Coordinator Josh Hankins.  "We're putting a lot of focus on alternative irrigation methods that help address climate change and water shortages with as much input from rice farmers as we can gather.  The practices offered through this proposal would allow rice farmers of all levels of advancement to participate, encouraging improvements in operating efficiency and conservation of natural resources through a variety of strategies."

The other two proposals invited to submit final RCPP proposals to NRCS are led by USA Rice partners Ducks Unlimited and the Lower Colorado River Authority (LCRA).

The Gulf Coast Water and Wetlands Conservation proposal, led by Ducks Unlimited, focused on the Gulf region's prairies, marshes, and bays, and will address insufficient water quantity and wildlife habitat using EQIP and CSP as conservation implementation tools.  Improvements will also be sought in water quality and energy savings by utilizing irrigation efficiencies and groundwater conservation.

The third proposal, the LCRA Regional Conservation Partnership Program, is led by LCRA and would fund the building of a conservation reservoir in Eagle Lake, Texas.  This reservoir would help provide critically-needed irrigation water to more than 50,000 acres of ricelands and provide habitat for waterfowl and other water birds.  The project was similar to one submitted last year requesting financial assistance from the NRCS to save 20,000 acre-feet of water/year within the Lakeside Irrigation District and increase water availability during drought years to the rice industry.  Unlike the other projects, this proposal would use a smaller portion of its funding for on-farm conservation practices through EQIP.

Collectively, the proposals will request $30 million in conservation financial assistance from NRCS with nearly the same level of funding through cash and in-kind contributions from the lead organizations and more than fifty partners.

The Rice Stewardship Partnership celebrated the first year of implementation of their $10 million-project, Sustaining the Future of Rice, on July 1.

USA Rice Daily














Good rains fail to cheer paddy growers in state



Basmati rice sector needs support of govt to overcome global challenges: UNISAME



25-Jul-16

KARACHI: The Union of Small and Medium Enterprises (UNISAME) has felicitated as many as 10 trophy winners of the basmati and non basmati rice exports of the Rice Exporters Association of Pakistan (REAP) 8th trophy awards in addition to commending their efforts in the wake of tough global challenges. Zulfikar Thaver, President, UNISAME said that the rice exporters have managed to survive under extremely difficult circumstances.
The government, hence, needs to realise that rice is the second largest export after textiles and also deserves similar support to overcome the global down slide in commodities markets, he added.
He was also of the view, "this is the best time for support as the new crop is on the threshold.
The white and parboiled rice sector both need the support to get back on their feet. Our basmati rice market must be regained and we cannot afford to lose it he reiterated." He also urged the government to give 0 rating for the rice sector in letter and spirit to relieve it of the existing burden of multiple taxes on the entire supply chain from the farm to the markets.
The farm inputs have become very costly and the promised relief though insufficient has not yet become available. The notifications for 0 rating need clarity and must be implemented.
The Geographical Indication (GI) of basmati rice needs to be approved by the Intellectual Property Organization and simultaneously the basmati trade mark also needs to be registered by the Registrar of Trade Marks in favour of the Trade Development Authority of Pakistan (TDAP) to enable all stakeholders to use it as a national property ownership.
There is urgent need for research in seeds to develop other varieties and especially the super basmati seed. It is very important to improve the entire supply chain from the farm to the markets and all the sectors from the primary to the tertiary sectors need to be upgraded.
The rice exporters are facing other issues for exports to third world countries as the commercial banks are not inclined to discount documents and bills drawn on buyers or their banks since mostly the banks are of low rating.
Other countries have state owned export credit guarantee insurance companies which work on low premiums to facilitate and promote exports to third world countries and Pakistan also needs low premium insurance facility to enter new markets.
Iran is a big buyer of our super basmati rice and REAP and TDAP must without loss of time approach the ministry of finance to put in place a system of negotiation of documents and discounting of bills drawn on Iranian buyers and banks. The commercial banks have not yet put in place a working system and nominated their correspondents in Iran
http://dailytimes.com.pk/business/25-Jul-16/basmati-rice-sector-needs-support-of-govt-to-overcome-global-challenges-unisame






APEDA AgriExchange Newsletter - Volume 1522







International Benchmark Price
Price on: 19-07-2016
Product
Benchmark Indicators Name
Price
Apricots
1
Turkish No. 2 whole pitted, CIF UK (USD/t)
4125
2
Turkish No. 4 whole pitted, CIF UK (USD/t)
3375
3
Turkish size 8, CIF UK (USD/t)
3125
Sultanas
1
Australian 5 Crown, CIF UK (USD/t)
2969
2
South African Orange River, CIF UK (USD/t)
2889
3
Turkish No 9 standard, FOB Izmir (USD/t)
1700
White Sugar
1
CZCE White Sugar Futures (USD/t)
879
2
Kenya Mumias white sugar, EXW (USD/t)
691
3
Pakistani refined sugar, EXW Akbari Mandi (USD/t)
639
Source: oryza, agra-net
Market Watch
Commodity-wise, Market-wise Daily Price on 23-07-2016
Domestic Prices
Unit Price : Rs per Qty
Product
Market Center
Variety
Min Price
Max Price
Maize
1
Dhekiajuli (Assam)
Other
1400
1500
2
Dahod (Gujarat)
Yellow
1700
1775
3
Haveri (Karnataka)
Local
1720
1720
Paddy(Dhan)
1
Kasargod (Kerala)
Other
1550
1650
2
Amgaon (Maharashtra)
Other
1615
1801
3
Theni (Tamil Nadu)
Other
1460
1520
Mousambi
1
Barnala (Punjab)
Other
2500
3000
2
Fatehabad (Haryana)
Other
2500
2500
3
Mechua (West Bengal)
Other
3000
3200
Brinjal
1
Manjeri (Kerala)
Other
2300
2500
2
Nagpur (Maharashtra)
Other
2400
2800
3
Koraput (Orissa)
Other
2100
2300
Floriculture
Unit Price : US$ per package
Price on 19-07-2016
Product
Market Center
Origin
Variety
Low
High
Rose Flower
Package: bunched 10s
1
Boston
Ecuador
Assorted Colors
8.50
10
Orchid Flower
Package: bunched 10s
1
Boston
Thailand
Dendrobium    
12.50
12.50
Lilies Flower
Package: per bunch
1
Boston
California
Asiatic  Type
13.50
13.50
Sunflower
Package: per stem
1
Boston
Canada
Large Head
2.00
2.00
Source:USDA

7/25/2016 Farm Bureau Market Report

Rice

High
Low
Long Grain Cash Bids


Long Grain New Crop




Futures:

ROUGH RICE


High
Low
Last
Change





Sep '16
1044.0
1031.0
1036.0
-4.5
Nov '16
1070.5
1058.0
1063.0
-5.0
Jan '17


1088.0
-5.0
Mar '17


1108.5
-4.5
May '17


1127.5
-4.5
Jul '17


1141.5
-4.5
Sep '17


1141.5
-4.5

Rice Comment

Rice futures ended a bit lower and are tracking mostly sideways. Large carryover stocks and large acreage with a lack of significant drop problems are limiting the upside potential. September has support at $10.24 and November has support around $10.54.