Thursday, July 30, 2015

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 NiƱo 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.

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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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28th July (Tuesday), 2015 Daily Global Rice E-Newsletter by Riceplus Magazine

Rice Federation to Get $450,000 From Ministry


BY KANG SOTHEAR | JULY 28, 2015
The Cambodian Rice Federation (CRF) signed a memorandum of understanding with the Ministry of Commerce on Thursday to receive $450,000 in financial support from the government to increase Cambodia’s rice exports, according to a federation official.Hun Lak, vice president of the CRF, which aims to link farmers, millers and exporters, said the Finance Ministry would assist the federation through the Commerce Ministry with a one-time capital infusion.

“This is a seed capital…to support those who are involved in the rice sector,” he said.“The capital will be used for…market development such as participating in overseas exhibitions, joining government-to-government discussions and human resources development.”Mr. Lak added that the funds would be sent to the CRF after the ministry receives a comprehensive plan for its use.Commerce Ministry officials could not be reached for comment.The government had set a goal to export 1 million tons of milled rice this year, but has admitted that it is likely to fall well short of that figure, and now plans to export about 600,000 tons of rice this year.

https://www.cambodiadaily.com/business/rice-federation-to-get-450000-from-ministry-89665/


Scientists Create New Rice Variety
Submitted by Diana Bretting on Tue, 07/28/2015 - 11:25
Description: Scientists Create New Rice Variety
Nowadays getting permission to grow rice is equal to an uphill battle, but scientists have recently created a new variety by transferring a barley gene into a rice planet. One of the major advantages of this genetically modified variety is it produces considerably less methane gas.The research on the rice variety was published in the journal Nature. As per some scientists, reducing methane emissions that occur in flooded rice paddies as methane-producing bacteria thriving on the carbohydrates secreted by rice roots in the oxygen-free soils is a big concern.Rice paddies are one of the largest sources of atmospheric methane, the second most important greenhouse gas after carbon dioxide. Methane is thought to be responsible for one-fifth of the global warming effect.
But the transfer of barley gene into a rice planet during this study resulted in rice with smaller root systems and starchier grain, and the methane produced was 10% of the methane produced in growing conventional rice.Lead author of the Journal report is Chuanxin Sun, a plant biologist at the Swedish University of Agricultural Sciences, said it was thought that such a research might come from another major rice producing area, but it has occurred in China.Researchers for the study conducted field trials in China for three years. This newly developed rice variety can boost food sustainability without adding to global warming.Some experts are considering the findings of the study as an important breakthrough in the field of genetically modified foods.
http://perfscience.com/content/2142317-scientists-create-new-rice-variety#sthash.Y3KgtArN.dpuf

Genetically modified rice makes more food, less greenhouse gas

A 50 percent boost in rice, with methane dropping by 90 percent.

by Scott K. Johnson - Jul 28, 2015 8:33am PDT

Description: http://cdn.arstechnica.net/wp-content/uploads/2015/07/rice_paddy_feng_wang-640x482.jpgFeng Wang
When it comes to major anthropogenic sources of methane (an important greenhouse gas), livestock and leaky natural gas wells and pipelines might come to mind. However, rice cultivation is also among the largest sources. Microbes in wetlands, where water saturation leads to low-oxygen conditions, produce most of the world’s methane, and rice paddies are essentially human-controlled wetlands.Down in the warm muck of a rice paddy, the roots of the rice plant release some organic compounds, and they eventually die off and decay themselves, providing the food that microbes turn into methane. Researchers are working on ways to limit that methane production, but this will always be a secondary concern for farmers. Yields rule the day, especially as demand is growing. But a 2002 study hinted at a win-win: increase above-ground growth at the expense of below-ground growth, and yield goes up while methane production goes down.
A great idea, but how to make it happen? A group of researchers led by Swedish University of Agricultural Sciences researchers Jun Su, Changquan Hu, and Xia Yan have used a gene from barley to create a genetically modified rice plant that does just that.The barley gene causes the plant to put more energy into above-ground growth, including the seeds. Having inserted the gene into a couple rice cultivars, the researchers planted trials in several areas of China with varying climates to see the results. Compared to a common cultivar grown as a baseline, the genetically modified plants produced substantially less methane—90 to 99 percent less, depending on the growth stage.
To see what was happening, the researchers tracked the growth of the rice, as well as the activity of genes in various parts of the plants. The genetically modified plants had stronger flower clusters that produced more seeds, meaning a greater yield of rice per plant—close to 50 more percent by weight. And the starch content of those grains of rice was about 10 percent higher. In total, above-ground weight increased by about 30 percent, while below-ground weight decreased by 35 percent.Meanwhile, the abundance of methane-producing microbes living on the plants’ roots decreased by half or more, apparently starved of food.
Measurements of gene expression confirmed that the barley gene was busy in the seeds and stems of the modified plants. The gene boosted the conversion of sugars to starch, maintaining a greedy demand for sugars in those parts that left less for the roots.In an article accompanying the paper in Nature, Netherlands Institute of Microbial Ecology researcherPaul Bodelier celebrated the study but cautioned that further trials will be necessary to make sure this crop would be ready for long-term, widespread use. Since the microbial community around the plant’s roots changes, there could potentially be knock-on effects that reduce the plant’s disease resistance or require greater fertilizer use, for example.
Barring major trade-offs, a variety of rice that produces more food while releasing less methane into the atmosphere would obviously be a boon
http://arstechnica.com/science/2015/07/genetically-modified-rice-makes-more-food-less-greenhouse-gas/

Irish researchers discover simple solution to worrying levels of arsenic in our rice

Rab Kassie Sheeran

PUBLISHED28/07/2015 | 19:02

"Rice is by far our dominant source of inorganic arsenic," says a professor at Queen’s University Belfast.Too much arsenic is associated with a range of health problems including, at worst, bladder and lung cancer. Description: Queen’s University in BelfastRice is the only major crop grown under flooded conditions. It is this flooding that releases inorganic arsenic, normally locked up in soil minerals, which is then absorbed by the plant.Washing and boiling rice in a pan will not remove the toxin; this only re-infuses it after the water has evaporated.Research done at Queen’s concluded that by cooking rice in the filter of a coffee percolator could reduce the arsenic content greatly. Scientists reported that it took 20 minutes to cook white rice and 40 minutes to cook brown rice by this method.Researchers at Queen’s are currently developing rice percolator cookers more suited to preparing rice.The UK’s Food Standards Agency states children under 4 and half years old shouldn’t be fed rice milk as an alternative.
http://www.independent.ie/irish-news/irish-researchers-discover-simple-solution-to-worrying-levels-of-arsenic-in-our-rice-31411167.html

Nigeria spends $2.4bn on rice importation in 3 years – Emefiele

The Governor of Central Bank of Nigeria, Godwin Emefiele, on Tuesday said the Federal Government spent $2.41 billion on rice importation between January 2012 and May 2015.Mr. Emefiele made this known at a stakeholders’ meeting with officials of Paddy Rice Producing states and Rice Value chain investors in Abuja.He said the bank’s decision to ban foreign exchange for importation of rice; fish and other items would not be reversed.
He said the apex bank has no plans to reverse the ban, adding that the reason for inclusion of rice in the exclusion list was not far-fetched.He said, “Figures available with the CBN show that from the period January 2012 to May 2015, the country had spent over 2.41bn dollars 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.”Mr. Emefiele said the CBN, in collaboration with the Ministry of Agriculture and Rural Development, would come up with a comprehensive financing model to support rice millers and other investors in the sector.He said the bank decided to intervene in the sector through funding and other packages because the country would not achieve its true potentials if it imported everything it could produce locally.
He said, “the bank will make funds more accessible to farmers through some of its funding programme such as the Commercial Agriculture Credit Scheme and the N220bn Micro Small and Medium Enterprises Development fund.“The funds will be made available to rice farmers through the Microfinance Banks at an interest rate of nine per cent and any bank that charges interest above that rate should be reported to the CBN“We appeal to the state governments to provide lands for the farmers on a large scale and we will work with them to clear some of these impediments.
“We are at a stage where we must feed ourselves and all hands are on deck to ensure this work,” he said.The CBN boss said that those that defaulted in the payment of customs duty after bringing in excess quotas of rice into the country at concessionary rates would be penalised.He said the CBN would take up the issue to the highest level in government to ensure that the money was paid.“By exceeding their import quota, these importers have flooded the market with rice that is sold below what is produced locally thus, making consumers 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 and I appeal to them to go and pay,’’ he added.
The governor also assured rice producers that the bank would work closely with the Nigerian Customs Service to address the issue of smuggling.Also speaking, Governor Atiku Bagudu of Kebbi promised that everything would be done to support the CBN intervention.Mr. Bagudu spoke on behalf of the 10 major paddy rice producing states, Kebbi, Kaduna, Katsina, Jigawa, Sokoto, Ebonyi, Taraba, Zamfara, Nasarawa and Niger.He said the states had enough capacity to produce rice that would help the country attain self sufficiency as well as for export purpose.
He also assured producers that they would expand infrastructure, as well as provide the right atmosphere for people to invest in rice farming.Sonny Echow, Permanent Secretary, Federal Ministry of Agriculture and Rural Development, said the ministry was making plans to intervene in rice production in the coming season.“We are proposing to the CBN to help us set up a fund for rice millers for our rice farmers.
“We will be making that recommendation to the CBN to facilitate a long term fund,” he said.Earlier, the millers stressed the need to address some of the bottlenecks affecting the increase in rice production in the country.They also listed some areas where they needed intervention to include: Investment in research, irrigation facility and stable rice policy, as well as the need to tackle issue of smuggling.Others included bigger fields, funding, access to land, establishment of more rice mills and increase in capacity of existing mills in the country among others.
http://www.premiumtimesng.com/business/187406-nigeria-spends-2-4bn-on-rice-importation-in-3-years-emefiele.html

Rice Producers Group urges conclusion to negotiations with China

 

The group, representing rice farmers in all six rice states covering close to 90 percent of the U.S. rice crop, offered guidance to U.S. negotiators to help them finalize a deal that would be acceptable and manageable to the U.S. industry.


By USA Rice Federation
Posted Jul. 28, 2015 at 9:25 AM 
DALLAS, TEXAS —
At a meeting earlier this month the USA Rice Producers' Group unanimously passed a motion urging the conclusion of negotiations between the United States and China to establish a phytosanitary agreement that would pave the way for U.S. rice to be exported to China.The group, representing rice farmers in all six rice states covering close to 90 percent of the U.S. rice crop, offered guidance to U.S. negotiators to help them finalize a deal that would be acceptable and manageable to the U.S. industry.
The negotiations, between USDA's Animal and Plant Health Inspection Service (APHIS) and their Chinese counterparts (AQSIQ), have dragged on for years and hit snags recently when the Chinese made demands the U.S. industry felt were not based on sound science."The Chinese are demanding our industry set traps for insects that do not exist in the United States, and that we set a totally unreasonable number of traps per square foot of storage space," said John Owen, a Louisiana rice farmer and chairman of the USA Rice Producers' Group.The USA Rice Millers' Association, whose members would be responsible for the trapping, agreed with the producers."We're not opposed to trapping, but, any agreement needs to meet reasonable standards that are consistent with international trade agreement precedents and be based on quantifiable, scientific data consistent with previous USDA/APHIS procedures," said Chris Crutchfield, a California miller and chairman of the USA Rice Millers' Association.

Chinese negotiators are also demanding very specific package labeling that is both unprecedented and many felt unfeasible."The labeling requirements are not appropriate for inclusion in a phytosanitary protocol at all," said Dick Ottis, chairman of the USA Rice Merchants' Association.The three organizations came together under the industry's national organization, USA Rice, to adopt the joint resolution.Dow Brantley, an Arkansas rice farmer and chairman of USA Rice, was pleased with the industry's unity and strong statement that both supports, and guides, U.S. negotiators."There's no question we'd like to participate in the Chinese market, but these ever-evolving demands being made by the Chinese government were making it ever-less likely we were going to actually gain access to the market," Brantley said.  "We appreciate the efforts of the U.S. negotiators on our behalf, and are happy to provide input as a united industry.

"Brantley said the market has great potential for the U.S. industry, and that his group has been working for years to establish trade relationships and line up customers for the day the phytosanitary deal is complete.  However, he says if the final deal is based on unreasonable, unscientific demands that can never be truly satisfied, there's little point to agreeing."The notion that you can agree to something with the Chinese government now and fix it later is very naĆÆve," he said.  "Once the ink dries on that deal, the Chinese are going to hold us to it, so it needs to be a deal we all can live with today and that actually allows us to start sending our rice over there."

http://www.stuttgartdailyleader.com/article/20150728/NEWS/150729646

Customs seal 4 major rice importing firms over N23.6 bn debt

By NAN on July 28, 2015

The Nigeria Customs Service (NCS) on Tuesday sealed the warehouses and business premises of four major rice importing firms over N23.6 billion unpaid rice duty and levies.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 are Olam (Amuwo, Lagos), Stallion/Popular Foods/Masco Agro (Iganmu, Lagos) Ebony Agro (Wuse, Abuja) and Conti Agro (Victoria Island, Lagos).Adeniyi said that altogether the companies had imported a combined excess of 750,253, 03 tonnes of rice, for which the service expected payment of extant duty and levies.
Description: Customs arrest 4 ChineseThe customs spokesman said the service had written the affected companies severally to notify them of their duty liability at normal rate if they exceeded their quotas.“Similarly, we published many notices in national newspapers, including where affected importers were mentioned with outstanding payments,’’ Adeniyi said.He explained that the importers were the beneficiaries of 2014 Rice Import Quota Policy, which specified a preferential duty rate of 10 per cent and levy of 20 per cent for their imports.

“The importers and their sister or associated companies have been blocked from the Nigeria Integrated Customs Information System (NICIS), thus denying them access to make declarations.“All these will be done preparatory to instituting full legal proceeding to compel them (importers) to pay what they owe Nigeria, when the courts are back from recess,’’ the customs spokesman said.Adeniyi said the service had issued several ultimatum to the companies to pay the outstanding charges against them, adding that “today, we are no longer issuing ultimatum’’.
The News Agency of Nigeria (NAN) reports that the Rice Import Quota Policy was meant to fill a national sufficiency gap which needed to be met in line with quotas allotted to the beneficiaries. NAN also reports that the beneficiaries were rice millers who have invested in the sector and created employment in the value chain.The policy states that the quantity imported in excess of approved quotas will be subjected to the extant rate of 10 per cent duty and 60 per cent levy.

News from USA Rice Daily
Tulane Opens $1 Million "Nitrogen Reduction Challenge"       
Probably reduced nitrogen in that Green Wave

NEW ORLEANS, LA -- Tulane University has announced the next phase of the "Tulane Nitrogen Reduction Challenge," an international competition that will award $1 million to the entrepreneur, researcher, or inventor with the best plan to reduce the amount of nutrients entering the world's lakes, rivers, and oceans through storm water runoff and ultimately reduce the hypoxic zone in the Gulf of Mexico.
Hypoxia is oxygen-deprived water that causes massive fish kills and annual "dead zones" in waters throughout the world.  The goal of the prize is to help identify and nurture the most innovative and adaptable technologies that will lead to positive environmental outcomes.
 Individuals and others with nitrogen-reducing ideas should register for the Challenge by visiting http://tulane.edu/tulaneprize/waterprize/ no later than September 15, and submit a one page proposal.  Those submitting the most viable proposals will be invited to create a 20-page technical explanation, including descriptions of their team, resources, and capacity for implementation.
An advisory committee of scientists, environmentalists, entrepreneurs, farmers, and other national experts will select five finalists from these entries.  These finalists will test their proposals on working farms during the 2016 growing season.

Contact:  Robbie Kroger (228) 396-0486

ME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for July 28
Month
Price
Net Change

September 2015
$10.980
+ $0.020
November 2015
$11.245
+ $0.020
January 2016
$11.515
+ $0.020
March 2016
$11.715
+ $0.020
May 2016
$11.900
+ $0.020
July 2016
$11.900
+ $0.020
September 2016
$11.910
+ $0.020

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 27-07-2015
Domestic Prices
Unit Price : Rs per Qty
Product
Market Center
Variety
Min Price
Max Price
Rice
1
Jhagadiya (Gujarat)
Other
1990
3100
2
Cachar (Assam)
Other
2000
2500
3
Bonai (Orissa)
Other
2200
2400
Wheat
1
Amod (Gujarat)
Other
1600
1800
2
Bonai (Orissa)
Other
1450
1600
3
Bolpur (West Bengal)
Other
1390
1490
Mousambi
1
Aroor (Kerala)
Other
3200
3400
2
Sirhind (Punjab)
Other
2000
3500
3
Mechua (West Bengal)
Other
2100
2600
Brinjal
1
Bargarh (Orissa)
Other
1200
1400
2
Aroor (Kerala)
Other
2800
3000
3
Sirhind (Punjab)
Other
1300
1500
Source:agra-net
For more info
Egg
Rs per 100 No
Price on 27-07-2015
Product
Market Center
Price
1
Pune
345
2
Nagapur
332
3
Namakkal
330
Source: e2necc.com
Other International Prices
Unit Price : US$ per package
Price on 24-07-2015
Product
Market Center
Origin
Variety
Low
High
Onions Dry
Package: 50 lb sacks
1
Atlanta
Colorado
Yellow
25
26
2
Chicago
California
Yellow
20
22
3
Detroit
Mexico
Yellow
23
23.50
Carrots
Package: 20 1-lb film bags
1
Atlanta
California
Baby Peeled
18
20.50
2
Chicago
California
Baby Peeled
17
17
3
Dallas
Arizona
Baby Peeled
18
18
Apples
Package: cartons tray pack
1
Atlanta
Virginia 
Red Delicious
19
19
2
Baltimore
Washington 
Red Delicious
22
24
3
Dallas
Washington
Red Delicious
18
19.75
Source:USDA


Forecasting the Weather From a Bowl of Rice

Jul 28, 2015
Saori Kako at Panasonic’s rice-cooker factory in Kobe, Japan.
 Takashi Mochizuki/The Wall Street Journal
Description: http://si.wsj.net/public/resources/images/BN-JP071_panari_G_20150728043142.jpgSaori Kako, a rice-cooker developer at Panasonic 6752.TO -1.05% Corp., knows the taste, texture and appearance of rice so well she can tell what the weather is like just by looking at a steaming bowlful.“When rice comes out fluffy, I know it’s sunny,” she said, revealing one of her weather indicators.Ms. Kako has been eating at least seven bowls of rice a day since she joined the Osaka-based company in 1992 in the quest for the perfect combination of flavor and feel.She is one of Panasonic’s “rice ladies”–tasters of rice who have dedicated themselves to developing a deep knowledge of Japan’s many rice varieties and the subtle effects of cooking methods on texture and flavor. Most of Japan’s appliance makers have rice-tasting staff.
Their expertise is needed to develop the sophisticated functionality of the latest rice cookers that are becoming increasingly popular not just among Japanese consumers but also among visitors to Japan.The pickup in demand for Japanese rice cookers is particularly strong in Asia, helped by a much weaker yen, a burgeoning number of foreign tourists to Japan and word-of-mouth recommendation. Japanese appliance makers are responding to this demand by ratcheting up their efforts to cater for specific consumer needs.At Panasonic, for example, rice cookers for Chinese customers have a porridge setting and a quick-cooking mode to better serve local cooking habits, while those aimed at Southeast Asian buyers are more focused on basics to keep prices down.
 Tech-minded Japanese consumers are offered cookers they can operate with their smartphones.Japan’s farming ministry says the nation has several hundred kinds of rice, many of them with fancy names such as “Love at First Sight” or “Seven Stars.” They all have different characteristics from size and flavor to moisture retention. Change the soil or the location and the taste will change again, experts say.To help nurture experts who can distinguish between the many varieties, a Japanese rice industry association runs a qualification system that has certified 3,000 people as rice masters.
 Of these, 400 have the highest, five-star master rating.In more practical terms, Ms. Kako’s job is to find the best cooking method for each of variety of rice by adjusting the heating time, temperature and steaming duration.Panasonic’s rice cookers for Japanese consumers come with a “takiwake” function enabling users to adjust steaming patterns to best fit the rice being cooked, using software that Ms. Kako has developed.While she can figure out the optimal cooking method for each type of rice, she says her knack of predicting the weather from a mouthful of rice is more of a mystery. She even clambered up a mountain once to test whether atmospheric pressure was the key factor. It wasn’t, she said.“I still don’t know exactly how I can do that,” Ms. Kako said.
http://blogs.wsj.com/japanrealtime/2015/07/28/forecasting-the-weather-from-a-bowl-of-rice/?utm_source=USA+Rice+Daily%2C+July+28%2C+2015&utm_campaign=Friday%2C+December+13%2C+2013&utm_medium=email

Sunrice eyes Iran after Middle East sales surge

Date July 28, 2015

Sunrice chief executive Rob Gordon see opportunities in the Middle East, including Iran. Photo: Louie Douvis
The newly minted US-Iran nuclear deal will deliver an "avalanche of trade" for Western businesses, predicts the boss of Australian agricultural giant Sunrice.Sunrice's sales to the Middle East have already surged 41 per cent to $141 million in the past 12 months, and chief executive Rob Gordon  expects more growth to come as sales extend to Saudi Arabia, Jordan and even strife-torn Syria."The branded rice market across the Middle East in 2012 was worth $4 billion. And in 2017 we anticipate it will be worth $8 billion," Mr  Gordon said.

Consumer support includes a Sunrice recipe website in Arabic. Photo: Supplied
"We were obviously unable to supply that market fully when we were in the midst of our drought. But since we have had Australian rice to sell again we have re-established ourselves as the market leader."
Description: Branded player: Sunrice's sales to the Middle East have surged 41 per cent to $141 million in the past year.Description: Consumer support includes a Sunrice recipe website in Arabic.Description: Sunrice chief executive Rob Gordon see opportunities in the Middle East, including Iran.Sunrice, Australia's last grain export monopoly, has almost doubled its market share in Saudi Arabia and Jordan to 60 per cent and 30 per cent respectively.Mr Gordon said the company had also sold rice "pretty much throughout" the Syrian civil war and has begun investigating Iran, which struck a deal with the US and five other world powers last month to limit its nuclear program in exchange for the lifting of trade sanctions.

Branded player: Sunrice's sales to the Middle East have surged 41 per cent to $141 million in the past year. Photo: Supplied
Mr Gordon said the agreement presented a significant opportunity for Western businesses, considering Iran's population of almost 80 million."This deal on the nuclear issue I think is likely to open up an avalanche of trade with Iran," he said. "We have done a few initial market soundings."I'm not flagging that we have got firm plans. I'm just saying … that it's a potential market for a lot of Western companies in the next year or two."Sunrice has increased its exposure to the Middle East, where it has had a presence for more than 30 years, by spending more on marketing its product as a brand rather than a commodity.This has meant sponsoring cooking shows and television personalities, as well as launching a recipe website in Arabic.
Mr Gordon said becoming a branded player in the region rather than a commodity exporter set Sunrice apart from its competitors in California and Egypt."They are not doing any work to inform the consumer on how to use the product or to inspire creativity."What we are doing is providing a total solution for the consumer, as opposed to the Californians, who are effectively taking a commodity, sticking it in a bag, putting a brand on it and flogging it in the supermarkets."We have done a lot of research in market to find out what motivates consumers in the Middle East, and particularly the main grocery buyer. They love creativity and a lot of their culture and family life revolves around meal times – celebrating being together and food being part of that."Sunrice has launched an Indian-grown basmati rice in the region under its Sun White brand, and is planning to introduce more products, including its rice chips.
"This is all part of our strategy of doing a lot of our thinking here and when we find a winner, rolling it out quite rapidly through our distribution networks in the Middle East, through the Pacific and … into Asia."Mr Gordon said the company's plan to list on the ASX would accelerate its Middle East expansion.Sunrice is seeking feedback from its farmer shareholders to craft its shift from the smaller National Stock Exchange to the ASX.It most likely will take a form similar to Australia's biggest milk processor, Murray Goulburn, which listed a non-voting unit trust this month to maintain 100 per cent farmer control.But Mr Gordon said the company wasn't in a rush to list on the ASX, saying it had enough balance sheet firepower to fuel its international growth plans."While we have got balance sheet capacity today because we have paid down close to $100 million of debt in the last couple of years, if we start pulling off these initiatives and accelerating them then we will need to get external sources of capital," he said."And the best place to get that is the ASX."

High nighttime temperatures a concern for rice producers

Jul 28, 2015Forrest Laws | Delta Farm Press
 “The overwhelming concern at this point has to do with the daytime and nighttime temperatures,” Dr. Hardke said. “We have had an unfortunate run of nighttime temperatures that are remaining at or above 75 degrees at night, and we know from a decade of research that that can have a significant impact on grain quality, primarily related to chalkiness.”

Delta Farm Press
Description: http://deltafarmpress.com/site-files/deltafarmpress.com/files/imagecache/medium_img/uploads/2015/07/ricejune2012dfp_0.jpgThe Arkansas rice crop is making good progress, especially if you consider what it endured at the beginning of the 2015 season, says Jarrod Hardke, Extension rice specialist with the University of Arkansas.But weather continues to be a major factor, particularly the high nighttime temperatures that have been occurring in the state’s rice-growing areas and much of the Mid-South Rice Belt. Dr. Hardke spoke on the current agronomic outlook for the Arkansas rice crop during the University of Arkansas’ Food and Agribusiness Webinar on July 22.“The overwhelming concern at this point has to do with the daytime and nighttime temperatures,” Dr. Hardke said.
“We have had an unfortunate run of nighttime temperatures that are remaining at or above 75 degrees at night, and we know from a decade of research that that can have a significant impact on grain quality, primarily related to chalkiness.”Looking back at the two most recent problematic years from the standpoint of grain quality – 2010 and 2011 – Arkansas’ nighttime temperatures did not get below 75 degrees for a period of 25 to 30 days spanning across July and early August. “Those are the types of conditions we’re looking at for the moment, and we hope we can get out of because we don’t want to have similar grain quality as in those years,” he said.
“In addition, we also had problems with bacterial panicle blight in those years, which we may be at risk from especially for the part of our crop that was pushed into a later-planted window.”Some of Arkansas’ rice crop was not planted until June due to the incessant rains that fell across the state in April and May. June plantings appear to increase the risk of bacterial panicle blight.On a more positive note, he said some of the newer varieties being grown in the state currently do not appear to be as susceptible to bacterial panicle blight as varieties that were being grown in 2010 and 2011.
“In 60 percent of the acreage being grown in Arkansas this year, the cultivars would be rated moderately susceptible or better to bacterial panicle blight,” he noted. “When I say better, I mean moderately susceptible to resistant. In 2010 and 2011, that number was only about as high as 40 percent.“So we’re in a little safer area than we were then if we do have some issues with it,” says Hardke.Incidences of other traditional rice diseases – sheath blight and leaf blast – appear to have gone down because of the higher temperatures. “That is one bonus for this time of year,” he said. “But if I’m also talking about bacterial panicle blight, it doesn’t make people feel that much better about things.”Hardke says he feels comfortable with USDA’s projection of 1.39 million planted acres for Arkansas’ 2015 rice crop.
 “I had thought initially our medium grain acreage might be slightly higher than the 240,000 in the June USDA Acreage Report, but that is, in fact, close to the numbers I have at this time.”Farmers still have a “long way to go to make this crop,” said Hardke. “We do have problems with grass escapes that are being cleaned up and some that are beyond the point of being cleaned up. My concern is that if we have fall weather with high winds and a lot of grass escapes like these that they will start to lodge the rice.”And growers are not likely to repeat the record yields of the last three years, he said. “I think we will probably be in the upper 150s (bushels per acres) is where I feel comfortable at this point. That would be down from the 168-bushel average of the last two years. 2015 has certainly been a much tougher year than the last two, particularly in getting it planted this spring.”
http://deltafarmpress.com/rice/high-nighttime-temperatures-concern-rice-producers?utm_source=USA+Rice+Daily%2C+July+28%2C+2015&utm_campaign=Friday%2C+December+13%2C+2013&utm_medium=email

USDA economist predicts improving stocks situation for rice

Jul 27, 2015Forrest Laws | Delta Farm Press
But it’s the numbers in the “background” that could be a sign of better times. Examples: total supplies in the 2015-16 marketing year are expected to decline for a second consecutive year due to a smaller carry-in from the 2014-15 year, and the markets are expected to see the largest consumption and residual use on record (up 1 percent from 2014-15).

U.S. rice producers could be seeing a small beam of light at the end of the tunnel when it comes to world rice supplies. But it may be too early to get your hopes up concerning the possibility of higher rice prices.USDA is projecting record 2015-16 global rice production of 480.3 million tons (milled basis), which would be up 1 percent above 2014-15, according to Nathan Childs, senior agricultural economist with USDA’s Economic Research Service.But it’s the numbers in the “background” that could be a sign of better times.
Examples: total supplies in the 2015-16 marketing year are expected to decline for a second consecutive year due to a smaller carry-in from the 2014-15 year, and the markets are expected to see the largest consumption and residual use on record (up 1 percent from 2014-15).Dr. Childs reported those numbers during the latest in the University of Arkansas Division of Agriculture’s Food & Agribusiness Webinar Series. To watch a video of Dr. Childs’ presentation, click on https://www.youtube.com/watch?v=BYXvUl96IxQ&t=2m24s.
U.S. rice producers are expected to harvest 152.5 million hundredweight of rice in 2015. That is down 9.5 million cwt from earlier estimates and lower than 2014’s production, according to Dr. Childs. But it is still 13.8 million cwt above the previous four-year average of 138.7 million hundredweight.
http://deltafarmpress.com/rice/usda-economist-predicts-improving-stocks-situation-rice?utm_source=USA+Rice+Daily%2C+July+28%2C+2015&utm_campaign=Friday%2C+December+13%2C+2013&utm_medium=email

Description: Disease-resistant rice plants, depicted at left, recognize the newly identified RaxX protein in the invading bacteria and can fend off the attack, while non-resistant rice plants cannot recognize the disease-causing bacteria and fall victim to it.   Rice disease-resistance discovery closes the loop for scientific integrity

By University of California, Davis July 28, 2015 | 12:35 pm EDT
Disease-resistant rice plants, depicted at left, recognize the newly identified RaxX protein in the invading bacteria and can fend off the attack, while non-resistant rice plants cannot recognize the disease-causing bacteria and fall victim to it.

Photo by Kelsey Wood/UC Davis graphic

When disease-resistant rice is invaded by disease-causing bacteria, a small protein produced by the bacteria betrays the invader. Upon recognizing that protein, the rice plants sense that a microbial attack is underway and are able to mount an immune response to fend off bacterial infection, reports a research team led by the University of California, Davis.Identification of the tiny protein, called RaxX, holds promise for developing more disease-resistant crop varieties and therapeutic treatments for blocking microbial infections in both plants and animals, said the researchers, who found particular satisfaction in this discovery, two years after retracting the announcement of a similar find.
Results of the new study are reported July 24 in Science Advances, an open-access journal published by the American Association for the Advancement of Science. The paper is available online from the journal at http://bit.ly/1OmytAd.

Discovery unlocks clues to disease protection

In this new study, researchers discovered that the RaxX protein was present in at least eight species of the disease-causing Xanthamonas bacteria that are known to attack rice — the staple food for half of the world’s population — as well as maize, cassava, sugar cane, tomatoes, peppers, wheat, alfalfa, onions, banana and citrus.
“Our research team is delighted to announce the discovery of the RaxX protein, a new class of microbial signaling molecules," said Pamela Ronald, a professor of plant pathology, who directed the study.
Ronald noted that her laboratory is currently investigating the role of RaxX during bacterial infection of rice in the absence of the immune receptor.
The researchers have noticed that RaxX closely resembles a class of plant signaling factors that promote growth and modulate the immune response. They suspect that the bacteria could be mimicking these natural plant-signaling factors to inhibit the plant immune response and thereby enhance the competitiveness of the bacteria.
In the long term, the researchers hope to use this information to develop new strategies to prevent infection in various crops.

New findings have special significance

Publication of the new study is particularly poignant for Ronald and lead co-authors Rory Pruitt and Benjamin Schwessinger, because it brings the research team full circle in correcting unintentional errors that led the Ronald lab in 2009 to misidentify the protein now known to be RaxX.
Pruitt and Schwessinger both worked on the new study as postdoctoral scholars in the Ronald lab, and Schwessinger is now an independent research fellow at the Australian National University in Canberra, Australia.Ronald’s laboratory has been studying rice genetics and disease resistance for more than two decades and in 1995 announced that a gene called Xa21 confers resistance to the bacterial blight pathogen. Bacterial blight, one of the worst bacterial plant diseases in the world, has been found in virtually every crop species including rice.
The discovery of Xa21 was widely acclaimed by the scientific community and sparked further research into other key parts of the disease-resistance puzzle. Researchers were confident that if Xa21 produced a “receptor” in the plant cell that was capable of recognizing and thwarting a bacterial invasion, there must be a complementary protein in the bacteria that triggered that immune response in the plant.
In 2009 the Ronald lab announced discovery of a bacterial protein called Ax21, which their research indicated was the protein that triggers the immune response by the Xa21 plant receptor. A second related study, based on identification of Ax21, was published in 2011.
Then in 2013, as researchers in the Ronald lab began repeating the earlier experiments in preparation for a new study, they discovered that a bacterial strain had been mislabeled in the previous work and that one of the tests used in the earlier study turned out to be quite variable. These errors had led to the misidentification of Ax21 as the bacterial protein that sparks an immune response by the Xa21 receptor in the plant cells.
After finding the errors, Ronald retracted two papers from her laboratory about this research, published in 2009 and 2011 in the journals PLOS One and Science, respectively. She chronicled the story of that process in an October 2013 Scientific American blog posting titled, “Lab Life: The Anatomy of a Retraction,” which can be found at http://bit.ly/1KdEDli.
In tandem with this week’s announcement of the RaxX protein, Ronald and her laboratory colleagues have prepared a new posting for the Scientific American blog, which tells the story of the new discovery and the closure it brings in setting the scientific record straight. It is scheduled for posting on July 24, concurrent with publication of the new study in Science Advances.

Collaborators and funders

Collaborating with Ronald, Schwessinger and Pruitt on the new study were researchers from UC Davis; Lawrence Berkeley National Laboratory; University of TĆ¼bingen, Germany; University of Texas at Austin; UC Irvine; and the Council of Scientific and Industrial Research, India.
Funding for the study was provided by the U.S. National Institutes of Health, the U.S. Department of Energy, the European Molecular Biology Association, the Human Frontiers Science Program, the Council of Scientific and Industrial Research in India, the Welch Foundation, and Monsanto’s Beachell-Borlaug International Scholars Program.

UC's Global Food Initiative

UC Davis is participating in UC’s Global Food Initiative launched by UC President Janet Napolitano, harnessing the collective power of UC to help feed the world and steer it on the path to sustainability
http://www.agprofessional.com/news/rice-disease-resistance-discovery-closes-loop-scientific-integrity

GMO Rice Can Fight Global Warming

AUTHOR JOHN DOWMAN PUBLISHED JULY 28, 2015
Genetically formed rice that often borrows just one gene from just about may stunningly scale down methane rays among the situation, simultaneously docile as much as 50 % more cereal grain for a world’s inhabitants, new research suggests. nfortunately, because this is genetically-modified (GM) rice, the learned group expects an uphill battle getting permission for the commercial farming of this new, “greener” rice.Rice is considered very important to one’s table. Methane is thought to be responsible for one-fifth of the global warming effect.It is also agricultural commodity with third-highest worldwide production.
Description: GMO Rice Can Fight Global WarmingThis new variety emitted less methane and grew starchier seeds compared to ordinary rice. As per some scientists, reducing methane emissions that occur in flooded rice paddies as methane-producing bacteria thriving on the carbohydrates secreted by rice roots in the oxygen-free soils is a big concern. It made starched grain and a smaller root system than the unaltered variety.With much of that population growth set to come in the 49 least developed countries-which the United Nations estimates will double in size from approximately 900 million in 2013 to 1.8 billion in 2050-and more than half of the world’s current population depending on rice as a staple, there’s no guessing at what most of those will be eating. Essentially, the new rice enhances productivity per acre while reducing the carbon footprint at the same time.
Chuanxin Sun told Scientific American: “This type of rice may be particularly useful in a predicted climate with higher temperatures, which will accelerate methane emissions from paddies, as methane emissions are temperature dependent”.“The new rice sounds like a win-win for good yields and reduced climate impact”, Paul West, lead scientist for the Global Landscapes Initiative at the University of Minnesota’s Institute on the Environment. The study and research on this rice was recently published in the journal, Nature.

http://www.tjcnewspaper.com/gmo-rice-can-fight-global-warming-5147/


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