10th May,2018
Daily Global Regional Local Rice E-Newsletter
Vietnamese rice prices soar
to near 4-year high
Thai prices up, demand low
10 May 2018 at 19:42
WRITER: REUTERS
A farmer works on a rice paddy
field in Quang Ngai province, Vietnam, on March 14, 2018. (Reuters photo)
BENGALURU, India: Export prices for rice surged to a near
four-year high in Vietnam this week due to strong demand, while slow buying
interest put pressure on prices of Indian rice. The threat of floods also raised
the prospect of Bangladesh stepping up purchases. Vietnam's 5% broken rice
prices rose to US$455-$460 a tonne, their highest since August 2014, versus
$445-$450 last week. "Prices continue to rise on stronger demand and tight
supplies," a Ho Chi Minh City-based trader said.
"The Philippines is expected to purchase another 250,000
tonnes in an open tender on May 22, after accepting 250,000-tonne offers from
Vietnam and Thailand last week."Vietnam exported 721,379 metric tonnes of
rice in April, up 9.5% from March, according to the government's official
customs data. For the first four months of 2018, Vietnam's exports totalled 2.2
million tonnes, an increase of 24.3% from a year earlier, the General
Department of Customs said.
Rice export revenue in the January-April period rose 40.3% to
$1.1 billion.In Thailand, prices of 5% broken rice rose slightly to $435-$445 a
tonne, free on board (FOB) Bangkok, from $430-$445 last week, with traders
attributing this to a deal with Philippines struck last week to supply 120,000
tonnes.Demand is still slow as the country expects ample supply from the
harvest around the end of May or early June, traders said.
Last week Thailand increased its rice export goal this year to
10 million tonnes, up from 9.5 million tonnes previously.
The Thai Commerce Ministry last week said the country had
exported 3.31 million tonnes of rice from the beginning of the year until
mid-April, more than India and top competitor Vietnam. Prices for top exporter
India's 5% broken parboiled variety fell by $5 to $407-$411 per tonne. "Rupee
depreciation is helping exporters to reduce prices.Demand is also weak from
Bangladesh and Africa," said an exporter based at Kakinada in the southern
state of Andhra Pradesh.
The rupee has fallen more than 5% so far in 2018, increasing
exporters' margins from overseas sales.
Meanwhile, the country's neighbour, Bangladesh, which emerged as
a major buyer in 2017 after flood damage to crops, may require hefty imports as
floods could hit the country again this year and pose a threat to crops,
weather department officials said.
Pre-monsoon rains, coupled with thunderstorms, are also
hampering the harvesting of summer rice crops, according to officials from the
Department of Agriculture Extension.Imports into Bangladesh were initially
expected to slow due to a good summer crop.
https://www.bangkokpost.com/business/news/1462357/vietnamese-rice-prices-soar-to-near-4-year-high
ASIA
RICE-VIETNAMESE PRICES SOAR; FLOOD THREAT COULD BOOST BANGLADESH BUYING
5/10/2018
* Pre-monsoon rains seen hampering
summer harvest in
Bangladesh
Bangladesh
* Thai prices edge up, but demand
slow - traders
By Arpan Varghese
BENGALURU, May 10 (Reuters) -
Export prices for rice surged
to a near four-year high in Vietnam this week due to strong
demand, while slow buying interest put pressure on prices of
Indian rice.
to a near four-year high in Vietnam this week due to strong
demand, while slow buying interest put pressure on prices of
Indian rice.
The threat of floods also raised
the prospect of Bangladesh
stepping up purchases.
stepping up purchases.
Vietnam's 5 percent broken rice
prices <RI-VNBKN5-P1> rose
to $455-$460 a tonne, their highest since August 2014, versus
$445-$450 last week.
to $455-$460 a tonne, their highest since August 2014, versus
$445-$450 last week.
"Prices continue to rise on
stronger demand and tight
supplies," a Ho Chi Minh City-based trader said.
supplies," a Ho Chi Minh City-based trader said.
"The Philippines is expected
to purchase another 250,000
tonnes in an open tender on May 22, after accepting
250,000-tonne offers from Vietnam and Thailand last week."
tonnes in an open tender on May 22, after accepting
250,000-tonne offers from Vietnam and Thailand last week."
Vietnam exported 721,379 metric
tonnes of rice in April, up
9.5 percent from March, according to the government's official
customs data.
9.5 percent from March, according to the government's official
customs data.
For the first four months of 2018,
Vietnam's exports
totalled 2.2 million tonnes, an increase of 24.3 percent from a
year earlier, the General Department of Customs said. Rice
export revenue in the January-April period rose 40.3 percent to
$1.1 billion.
totalled 2.2 million tonnes, an increase of 24.3 percent from a
year earlier, the General Department of Customs said. Rice
export revenue in the January-April period rose 40.3 percent to
$1.1 billion.
Prices for top exporter India's 5
percent broken parboiled
variety <RI-INBKN5-P1> fell by $5 to $407-$411 per tonne.
variety <RI-INBKN5-P1> fell by $5 to $407-$411 per tonne.
"Rupee depreciation is helping
exporters to reduce prices.
Demand is also weak from Bangladesh and Africa," said an
exporter based at Kakinada in the southern state of Andhra
Pradesh.
Demand is also weak from Bangladesh and Africa," said an
exporter based at Kakinada in the southern state of Andhra
Pradesh.
The rupee has fallen more than 5
percent so far in
2018, increasing exporters' margins from overseas sales.
2018, increasing exporters' margins from overseas sales.
Meanwhile, the country's neighbour,
Bangladesh, which
emerged as a major buyer in 2017 after flood damage to crops,
may require hefty imports as floods could hit the country again
this year and pose a threat to crops, weather department
officials said.
emerged as a major buyer in 2017 after flood damage to crops,
may require hefty imports as floods could hit the country again
this year and pose a threat to crops, weather department
officials said.
Pre-monsoon rains, coupled with
thunderstorms, are also
hampering the harvesting of summer rice crops, according to
officials from the Department of Agriculture Extension.
hampering the harvesting of summer rice crops, according to
officials from the Department of Agriculture Extension.
Imports into Bangladesh were
initially expected to slow due
to a good summer crop.
to a good summer crop.
In Thailand, prices of 5 percent
broken rice <RI-THBKN5-P1>
rose slightly to $435-$445 a tonne, free on board (FOB) Bangkok,
from $430-$445 last week, with traders attributing this to a
deal with Philippines struck last week to supply 120,000 tonnes
rose slightly to $435-$445 a tonne, free on board (FOB) Bangkok,
from $430-$445 last week, with traders attributing this to a
deal with Philippines struck last week to supply 120,000 tonnes
Demand is still slow as the country
expects ample supply
from the harvest around the end of May or early June, traders
said.
from the harvest around the end of May or early June, traders
said.
Last week Thailand increased its
rice export goal this year
to 10 million tonnes, up from 9.5 million tonnes previously.
to 10 million tonnes, up from 9.5 million tonnes previously.
Thailand's commerce ministry last
week said the country had
exported 3.31 million tonnes of rice from the beginning of the
year until mid-April, more than India and top competitor
Vietnam.
exported 3.31 million tonnes of rice from the beginning of the
year until mid-April, more than India and top competitor
Vietnam.
(Reporting by Patpicha
Tanakasempipat in Bangkok, Khanh Vu in
Hanoi, Rajendra Jadhav in Mumbai and Ruma Paul in Dhaka
Editing by Mark Potter)
Hanoi, Rajendra Jadhav in Mumbai and Ruma Paul in Dhaka
Editing by Mark Potter)
https://www.agriculture.com/markets/newswire/asia-rice-vietnamese-prices-soar-flood-threat-could-boost-bangladesh-buying
ASIA
RICE-VIETNAMESE PRICES SOAR; FLOOD THREAT COULD BOOST BANGLADESH BUYING
5/10/2018
* Pre-monsoon rains seen hampering
summer harvest in
Bangladesh
Bangladesh
* Thai prices edge up, but demand
slow - traders
By Arpan Varghese
BENGALURU, May 10 (Reuters) -
Export prices for rice surged to a near four-year high in Vietnam this week due
to strong demand, while slow buying interest put pressure on prices ofIndian
rice.The threat of floods also raised the prospect of Bangladeshstepping up
purchases.
Vietnam's 5 percent broken rice prices
<RI-VNBKN5-P1> rose to
$455-$460 a tonne, their highest since August 2014, versus$445-$450 last week.
"Prices continue to rise on
stronger demand and tightsupplies," a Ho Chi Minh City-based trader said. "The
Philippines is expected to purchase another 250,000
tonnes in an open tender on May 22, after accepting250,000-tonne offers from Vietnam and Thailand last week."Vietnam exported 721,379 metric tonnes of rice in April, up9.5 percent from March, according to the government's official
customs data. For the first four months of 2018, Vietnam's exportstotalled 2.2 million tonnes, an increase of 24.3 percent from ayear earlier, the General Department of Customs said. Riceexport revenue in the January-April period rose 40.3 percent to$1.1 billion.
tonnes in an open tender on May 22, after accepting250,000-tonne offers from Vietnam and Thailand last week."Vietnam exported 721,379 metric tonnes of rice in April, up9.5 percent from March, according to the government's official
customs data. For the first four months of 2018, Vietnam's exportstotalled 2.2 million tonnes, an increase of 24.3 percent from ayear earlier, the General Department of Customs said. Riceexport revenue in the January-April period rose 40.3 percent to$1.1 billion.
Prices for top exporter India's 5
percent broken parboiledvariety <RI-INBKN5-P1> fell by $5 to $407-$411
per tonne. "Rupee depreciation is helping exporters to reduce
prices.Demand is also weak from Bangladesh and Africa," said an
exporter based at Kakinada in the southern state of AndhraPradesh.
exporter based at Kakinada in the southern state of AndhraPradesh.
The rupee has fallen more than 5
percent so far in2018, increasing exporters' margins from overseas sales. Meanwhile,
the country's neighbour, Bangladesh, whichemerged as a major buyer in 2017
after flood damage to crops,may require hefty imports as floods could hit the
country againthis year and pose a threat to crops, weather departmentofficials
said. Pre-monsoon rains, coupled with thunderstorms, are also
hampering the harvesting of summer rice crops, according toofficials from the Department of Agriculture Extension. Imports into Bangladesh were initially expected to slow dueto a good summer crop.In Thailand, prices of 5 percent broken rice <RI-THBKN5-P1>rose slightly to $435-$445 a tonne, free on board (FOB) Bangkok,
from $430-$445 last week, with traders attributing this to a
deal with Philippines struck last week to supply 120,000 tonnes
hampering the harvesting of summer rice crops, according toofficials from the Department of Agriculture Extension. Imports into Bangladesh were initially expected to slow dueto a good summer crop.In Thailand, prices of 5 percent broken rice <RI-THBKN5-P1>rose slightly to $435-$445 a tonne, free on board (FOB) Bangkok,
from $430-$445 last week, with traders attributing this to a
deal with Philippines struck last week to supply 120,000 tonnes
Demand is still slow as the country
expects ample supply
from the harvest around the end of May or early June, traders
said. Last week Thailand increased its rice export goal this year
to 10 million tonnes, up from 9.5 million tonnes previously.
from the harvest around the end of May or early June, traders
said. Last week Thailand increased its rice export goal this year
to 10 million tonnes, up from 9.5 million tonnes previously.
Thailand's commerce ministry last
week said the country had
exported 3.31 million tonnes of rice from the beginning of the
year until mid-April, more than India and top competitor
Vietnam.
exported 3.31 million tonnes of rice from the beginning of the
year until mid-April, more than India and top competitor
Vietnam.
(Reporting by Patpicha
Tanakasempipat in Bangkok, Khanh Vu in
Hanoi, Rajendra Jadhav in Mumbai and Ruma Paul in Dhaka
Editing by Mark Potter)
Hanoi, Rajendra Jadhav in Mumbai and Ruma Paul in Dhaka
Editing by Mark Potter)
https://www.agriculture.com/markets/newswire/asia-rice-vietnamese-prices-soar-flood-threat-could-boost-bangladesh-buying
Nagpur
Foodgrain Prices Open- May 11, 2018
Nagpur Foodgrain Prices – APMC/Open
Market-May 11, 2018
Nagpur, May 11 (Reuters) – Gram and
tuar prices reported higher in Nagpur Agriculture Produce
Marketing Committee (APMC) on good
buying support from local millers amid tight supply from
producing regions. Healthy rise in
Madhya Pradesh pulses and reported demand from South-based
millers also jacked up prices.
About 3,800 bags of gram and 1,900
bags of tuar reported for auction in Nagpur APMC, according
to sources.
FOODGRAINS & PULSES
GRAM
* Desi gram recovered in open market on renewed seasonal demand from
local traders.
TUAR
* Tuar varieties quoted static in open market here on subdued demand
from local
traders.
* Masoor varieties reported higher in open market on good demand from
local traders
amid weak supply from producing
regions.
* In Akola, Tuar New – 4,000-4,100, Tuar dal (clean) – 6,000-6,300, Udid
Mogar (clean)
– 7,000-8,000, Moong Mogar (clean) 7,200-7,800, Gram – 3,400-3,475, Gram
Super best
– 5,200-5,600
* Wheat, rice and other foodgrain items moved in a narrow range in
scattered deals and settled at last levels in thin trading activity.
Nagpur foodgrains APMC auction/open-market
prices in rupees for 100 kg
FOODGRAINS
Available prices Previous
close
Gram Auction
3,075-3,340 3,000-3,300
Gram Pink Auction
n.a. 2,100-2,600
Tuar Auction
3,700-4,220 3,600-4,170
Moong Auction
n.a. 3,900-4,200
Udid Auction
n.a. 4,300-4,500
Masoor Auction
n.a. 2,600-2,800
Wheat Mill quality Auction
1,550-1,705 1,600-1,702
Gram Super Best Bold
5,000-5,500 5,000-5,500
Gram Super Best
n.a. n.a.
Gram Medium Best
4,500-4,800 4,500-4,800
Gram Dal Medium
n.a. n.a
Gram Mill Quality
3,500-3,600 3,500-3,600
Desi gram Raw
3,500-3,575 3,500-3,575
Gram Kabuli
12,700-13,200 12,700-13,200
Tuar Fataka Best-New 6,200-6,400 6,200-6,400
Tuar Fataka Medium-New
5,800-6,100 5,800-6,100
Tuar Dal Best Phod-New
5,600-5,800 5,600-5,800
Tuar Dal Medium phod-New
5,300-5,500 5,300-5,500
Tuar Gavarani New
4,100-4,150 4,100-4,150
Tuar Karnataka
4,500-4,700 4,550-4,750
Masoor dal best
4,800-5,100 4,800-5,200
Masoor dal medium
4,500-4,800 4,600-4,800
Masoor
n.a. n.a.
Moong Mogar bold (New)
7,500-8,200 7,500-8,200
Moong Mogar Medium
6,700-7,200 6,700-7,200
Moong dal Chilka
5,700-7,000 5,700-7,000
Moong Mill quality
n.a. n.a.
Moong Chamki best
7,800-8,500 7,800-8,500
Udid Mogar best (100 INR/KG) (New) 7,500-8,500 7,500-8,500
Udid Mogar Medium (100 INR/KG)
5,500-6,500 5,500-6,500
Udid Dal Black (100 INR/KG)
5,700-6,000
5,700-6,000
Batri dal (100 INR/KG)
3,800-3,950 3,800-3,950
Lakhodi dal (100 INR/kg)
2,650-2,725 2,650-2,725
Watana Dal (100 INR/KG) 4,000-4,300 4,000-4,300
Watana Green Best (100 INR/KG)
4,200-4,300
4,200-4,300
Wheat 308 (100 INR/KG)
2,000-2,100 2,000-2,100
Wheat Mill quality (100 INR/KG)
1,975-2,050
1,975-2,050
Wheat Filter (100 INR/KG)
2,250-2,400
2,250-2,400
Wheat Lokwan best (100 INR/KG)
2,300-2,450
2,300-2,450
Wheat Lokwan medium (100 INR/KG)
2,100-2,200 2,100-2,250
Lokwan Hath Binar (100 INR/KG)
n.a. n.a.
MP Sharbati Best (100 INR/KG)
3,200-4,000
3,200-4,000
MP Sharbati Medium (100 INR/KG)
2,400-2,800
2,400-2,800
Rice BPT best (100 INR/KG)
3,400-4,000
3,400-4,000
Rice BPT medium (100 INR/KG)
2,900-3,200
2,900-3,200
Rice Luchai (100 INR/KG)
2,700-2,900
2,900-2,900
Rice Swarna best (100 INR/KG)
2,600-2,800
2,600-2,800
Rice Swarna medium (100 INR/KG)
2,500-2,600
2,500-2,600
Rice HMT best (100 INR/KG)
4,200-4,700
4,200-4,700
Rice HMT medium (100 INR/KG)
3,900-4,000
3,900-4,000
Rice Shriram best(100 INR/KG)
5,300-5,500 5,300-5,500
Rice Shriram med (100 INR/KG)
4,600-4,800
4,600-4,800
Rice Basmati best (100 INR/KG)
9,500-14,000
9,500-14,000
Rice Basmati Medium (100 INR/KG)
5,000-7,500
5,000-7,500
Rice Chinnor best 100
INR/KG) 6,200-6,500 6,200-6,500
Rice Chinnor medium (100 INR/KG)
5,800-6,000
5,800-6,000
Jowar Gavarani (100 INR/KG)
2,000-2,200
2,000-2,100
Jowar CH-5 (100 INR/KG) 1,800-2,000 1,700-2,000
WEATHER (NAGPUR)
Maximum temp. 45.0 degree Celsius,
minimum temp. 28.2 degree Celsius
Rainfall : nil
FORECAST: Mainly clear sky. Maximum
and minimum temperature would be around and 45 and 28 degree
Celsius respectively.
Note: n.a.--not available
(For oils, transport costs are
excluded from plant delivery prices, but
included in market prices)
https://in.reuters.com/article/nagpur-foodgrain/nagpur-foodgrain-prices-open-may-11-2018-idINL3N1SI375
Indian father and son
accused of using tinfoil space suits to pose as Nasa employees in £157,600 con
CREDIT: DELHI
POLICE /AFP
10 MAY 2018 • 11:23AM
Afather and son team of alleged conmen, who claimed to work for Nasa, have
been paraded in front of cameras by Indian police, wearing “space suits”
apparently made from tinfoil. The pair stand accused of defrauding a
businessman by pretending to work for the US space agency and offering to sell
equipment with otherworldly qualities.
The duo persuaded the victim of the scam to invest in a copper
plate for 14.3m Rs (£157,600), which they claimed had "special
properties“, police said. The suspects, Virender Mohan Brar and his son Nitin
Mohan Brar, had allegedly claimed they wanted to test the device, a “rare piece
of copper plate struck by a thunderbolt" which had given it the power to
pull rice towards it. They had allegedly told the Delhi-based businessman,
named only as Narender, that if tests were successful, they would then sell the
device to Nasa for $5bn.
The men were arrested after Narender complained to the police
after meeting some of the so-called scientists who would undertake the tests.
The men have not responded to the charges so far or commented on
their public humiliation in front of the media.
It was also unclear exactly why they had been made to wear the
shambolic “space suits” when arrested, with observers asking if police did so
to throw shame on their alleged deeds, or simply for dramatic effect.
Police told a news conference that a "rice puller" was
a "non-existent thing", but the suspects allegedly coated the
copper plate with "liquid magnet" and small iron wires to deceive the
victim.
CREDIT: AFP
Alok Kumar, Joint Commissioner of Delhi Police’s crime branch,
elaborated, saying: “They take a copper plate or utensil and coat it with
liquid magnet, and then fill some boiled rice with small iron filings and fool
the victim by pulling the rice grain towards the magnet-coated copper article.”
News of the alleged outer space scam predictably caused a major
stir in cyberspace, with photos and footage of the father and son, dressed in
silver space suits, being escorted by officials being shared widely on social
media.
Reactions included people saying they looked like they were in a
low-grade Bollywood movie or working a tandoori grill, to asking why they had a
space suit with no gloves.
https://www.telegraph.co.uk/news/2018/05/10/indian-father-son-accused-using-tinfoil-space-suits-pose-nasa/
GOV.
DAYTON VETOES WILD RICE SULFATE BILL
By Don Davis and John Myers Forum News Service
ST. PAUL — Minnesota Gov. Mark
Dayton on Wednesday, May 9, vetoed legislation that would have overturned
current law regulating sulfate pollution in lakes and rivers that hold wild rice.The
law protecting wild rice has been in place since 1973 but has been mostly
unenforced. Tribal governments and environmental groups in recent years have
pushed the state to enforce the law, spurring lawmakers to try to repeal it.
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