Thursday, October 29, 2015

29th October,2015 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

Guyana Explores New Markets for its Rice after Losing Venezuela Deal

Oct 28, 2015

The government of Guyana is exploring newer markets after Venezuela decided to discontinue the PetroCaribe deal with the neighboring nation, according to Guyana News Network.
The Agriculture Ministry is reportedly negotiating with the governments of Mexico, Haiti and the Bahamas in this regard. The Subject Minister noted that Bahamas and Haiti have expressed interest in buying Guyana rice. He noted that currently Guyana sells rice to nearly 50 countries across the world.
The Minister stated that the government successfully secured an extended deal with Panama to supply 7,200 tons per month. Under the earlier deal, Guyana was required to export 4,000 tons per month to Panama.
Guyana aims to produce about 618,000 tons of milled rice and export around 521,000 tons in 2015. Guyana has exported around 501,208 tons of rice in 2014, up about 27% from around 394,000 tons exported in 2013, according to data from the Agriculture Ministry.

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Continue to Tumble as Bearish Momentum Drags Prices Lower

Oct 28, 2015
                                
Chicago rough rice futures for Jan delivery settled 20 cents per cwt (about $4 per ton) lower at $11.685 per cwt (about $258 per ton). The other grains finished the day in the red; Soybeans closed about 0.9% lower at $8.8275 per bushel; wheat finished about 0.6% lower at $5.0600 per bushel, and corn finished the day about 1.1% lower at $3.7600 per bushel.
U.S. stocks tried to hold slight gains after briefly turning lower in choppy trade Wednesday as investors scrutinized the Fed statement for indications on the timing of a rate hike. The Federal Reserve kept interest rates unchanged in its statement released at the conclusion of its two-day meeting. The euro weakened against the dollar to trade below $1.10, with the yen at 120.96 yen against the dollar. In a light day of economic reports, weekly mortgage applications fell 3.5% on a seasonally adjusted basis. The U.S. advance September goods trade deficit was $58.63 billion. European stocks closed higher, with the DAX and STOXX Europe 600 up more than 1%, helped by the intraday recovery in oil prices. Asian stocks closed mostly lower as earlier declines in oil weighed but Japan's Nikkei gained amid hopes of further stimulus from the central bank's meeting later this week. The Dow Jones Industrial Average advanced 107 points, or 0.61%, to 17,689. The S&P 500 traded up 15 points, or 0.72%, at 2,080, with energy leading eight sectors higher and consumer staples and utilities the only decliners. The Nasdaq traded up 39 points, or 0.77%, at 5,068. Gold is trading about 0.8% lower, crude oil is seen trading about 6% higher, and the U.S. dollar is seen trading about 0.7% higher about  1:00pm Chicago time.
Tuesday, there were 3,190 contracts traded, up from 2,494 contracts traded on Monday. Open interest – the number of contracts outstanding – on Tuesday decreased by 340 contracts to 12,747.

Thailand Rice Sellers Increase Some of Their Quotes Today; Other Asian Quotes Remain Unchanged

Oct 28, 2015

Thailand rice sellers have increased their quotes for glutinous rice variety by about $15 per ton to around $675 - $685 per ton today. Other Asian rice sellers kept their quotes unchanged today.
5% Broken Rice
Thailand 5% rice is indicated at around $355 - $365 per ton about $15 per ton discount on Vietnam 5% rice shown at around $370 - $380 per ton. India 5% rice is indicated at around $350 - $360 per ton, about $45 per ton premium on Pakistan 5% rice shown at around $305 - $315 per ton.
25% Broken Rice
Thailand 25% rice is indicated at around $330 - $340 per ton, about $25 per ton discount on Vietnam 25% rice shown at around $355- $365 per ton. India 25% rice is indicated at around $330 - $340 per ton, about $50 per ton premium on Pakistan 25% rice shown at around $280 - $290 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $360 - $370 per ton. India parboiled rice is indicated at around $340 - $350 per ton, about $65 per ton discount to Pakistan parboiled rice last shown at around $405 - $415 per ton.                            
100% Broken Rice
Thailand broken rice, A1 Super is indicated at around $305 - $315 per ton, at par with Vietnam 100% broken rice shown at around $305 - $315 per ton. India's 100% broken rice is shown at around $285 - $295 per ton, about $10 per ton premium on Pakistan broken sortexed rice shown at around $275 - $285 per ton.
Global Rice Quotes
October 29th, 2015
Long grain white rice - high quality
Thailand 100% B grade           360-370           ↔
Vietnam 5% broken     370-380           ↔
India 5% broken          350-360           ↔
Pakistan 5% broken     305-315           ↔
Myanmar 5% broken   415-425           ↔
Cambodia 5% broken 415-425           ↔
U.S. 4% broken           490-510           ↔
Uruguay 5% broken    535-545           ↔
Argentina 5% broken   530-540           ↔
Long grain white rice - low quality
Thailand 25% broken 330-340           ↔
Vietnam 25% broken   355-365           ↔
Pakistan 25% broken   280-290           ↔
Cambodia 25% broken            400-410           ↔
India 25% broken        330-340           ↔
U.S. 15% broken         500-510           ↔

Long grain parboiled rice
Thailand parboiled 100% stxd             360-370           ↔
Pakistan parboiled 5% broken stxd      405-415           ↔
India parboiled 5% broken stxd           340-350           ↔
U.S. parboiled 4% broken       590-610           ↔
Brazil parboiled 5% broken     545-555           ↔
Uruguay parboiled 5% broken             NQ       ↔

Long grain fragrant rice
Thailand Hommali 92%           815-825           ↔
Vietnam Jasmine         475-485           ↔
India basmati 2% broken         NQ       ↔
Pakistan basmati 2% broken    NQ       ↔
Cambodia Phka Mails 830-840           ↔

Brokens
Thailand A1 Super       305-315           ↔
Vietnam 100% broken             305-315           ↔
Pakistan 100% broken stxd     275-285           ↔
Cambodia A1 Super    355-365           ↔
India 100% broken stxd          285-295           ↔
Egypt medium grain brokens   NQ       ↔
U.S. pet food   330-340           ↔
Brazil half grain           NQ       ↔

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


28th October ,2015 Daily Global Regional Local Rice E-Newsletter by Rice Plus Magazine

News Headlines...
·         Peace or not, India & Pak need to unite to save Basmati
·         Rice Millers seek Restoration of Levy System
·         Taiwan funds collaborative multi-year research on rice with IRRI
·         APEDA Commodity News from India
·         Mars Food commits to 100% sustainably-sourced rice by 2020
·         USA Rice at Miami Trade Show  
·         USARiceOutlook Contest:  Week Three 
·         Ahok Ensures Safety of Rice Supply in Jakarta
·         Thailand Swears Off Subsidies in Bid to Cut Crop Surpluses
·         Commerce Minister Seeks More Ideas on Rice Export
·         CCC Announces Prevailing World Market Prices
·         CME Group/Closing Rough Rice Futures  
·         Arkansas Farm Bureau Daily Commodity Report

News Detail...

Peace or not, India & Pak need to unite to save Basmati

Vishwa Mohan  
The Chennai-based Intellectual Property Appellate Board is set to decide on granting the GI tag to basmati rice.
NEW DELHI: It will be a 'do or die' situation for India's Basmati, which occupies pride of place in the country's agricultural trade, when the Chennai-based Intellectual Property Appellate Board (IPAB) next week takes a call on granting 'GI' (geographical indicator) tag to the world famous long grain aromatic variety of rice. Chances of it getting the tag depends on whether India joins hands with Pakistan to get a joint registration by prevailing upon Madhya Pradesh to withdraw its claim of being included in the geographical area for Basmati.

If Basmati fails to get the tag, India and Pakistan will lose its exclusivity in the world market. Obviously, India will be the bigger loser because it has more than 95% of the share in the exclusive geographical zone for this unique variety Besides, the share of Basmati is also quite high in India's overall rice export. Roughly, Basmati contributes Rs 33,000 crore out of total Rs 40,000 crore worth of the country's annual rice export.If India does not get the tag, there is a possibility that China may get this variety from Pakistan and go for large-scale cultivation in newly acquired big farms in different African countries under different agreements.

"Kenya, Tanzania and Ethiopia are among certain east African countries where conditions are conducive for Basmati cultivation. China has acquired big farms in these and other east African countries," said an Indian scientist on condition of anonymity.Though MP had not traditionally been part of the areas that cultivate Basmati, it staked its claim for getting specific areas in 13 of its districts included in geographical areas when farmers there opted for this high-paying variety in the past few years. Pakistan, which has traditionally been cultivating Basmati in its Punjab province, opposed MP's move, forcing the matter to reach before the IPAB.Besides MP, Rajasthan and Bihar had also staked their claim for being included in the geographical areas for Basmati. But Indian agriculture scientists claimed these two states preferred not to be parties to the dispute in larger national interest.

Sensing the urgency ahead of the crucial hearing, India's premier agriculture research institute — the Indian Agricultural Research Institute — has requested the government to join hands with Pakistan in India's interest. The issue was flagged by IARI joint director KV Prabhu during a conference in New Delhi on October 16, where he had said, "We do not want others like China to introduce Basmati in global trade at low prices and spoil our market, which is potentially imminent."
TIMES OF INDIA

Rice Millers seek Restoration of Levy System
By Express News Service
Published: 29th October 2015 04:44 AM
Last Updated: 29th October 2015 04:44 AM
HYDERABAD: Telangana rice millers have  urged the Union government to restore the levy procurement of rice and rescue them, as more than 2,000 rice mills in the state have been shut down resulting in the loss of livelihood for thousands of people working in the industry.“Till 2013 we used to give 75 percent of rice milled at our mills to Food Corporation of India (FCI). As there used to be surety about marketing the rice milled, rice millers used to procure paddy from farmers by competing with each other  by paying higher prices to farmers.

But as the levy on rice procurement decreased to 25 percent last year, many mills have suffered losses. Now with the complete removal of levy this year, more than 2,000 mills have been closed,” said Gampa Nagendra, president of Telangana Rice Mills Association (TRMA).There are about 2,500 rice mills in Telangana and about one lakh employees work in these mills. As the levy on procurement of rice from millers was removed this year, most of the millers have decreased buying paddy this season. Many of the mills have been shut down or decreased the working days.Demanding restoration of levy procurement policy, rice millers from across the state   plans to stage a protest in Hyderabad on Thursday.

 They are also demanding increase in custom milling charges. “Some mills are not even in a state to  pay current bills and salaries to the staff. Removal of levy system will deal a death blow to the rice mills. Rice milling industry will not survive If the levy procurement of rice is not restored. The Union government should reconsider its decision. At least state government should come to our rescue this time,” Nagendra said.       In March this year, the state government wrote to the Centre asking to reconsider the decision, expressing apprehension that lifting of levy on procurement of rice from millers may lead to denial of remunerative prices for farmers in the long run. But there has been no response from the centre till now or further action on the issue from state government. Therefore Telangana millers have decided to take up a protest in Hyderabad on Thursday to highlight their plight.

Foods That Helps To Sleep Better At Night

Not many people are lucky enough to fall off to sleep within seconds of hitting their pillow. Many people find it tough to fall asleep at night.

And there are also those who wake up in the middle of the night and are then unable to sleep again.There could be several reasons for this stress, an underlying illness, depression.Experts, however, say that if there is no particular serious cause, one could try eating certain foods that will help them sleep better.– Make sure that you eat eggs for breakfast. Eggs contain amino acids that are known to activate neurons which produce orexins.
These are said to help adjust your REM sleep and also ensure that you don’t feel sleepy during the day.– Whether you’re a juice person or not, you need to know this cherry juice is extremely beneficial when it comes to a good night’s sleep. Have a glass of cherry juice daily if you have trouble sleeping properly at night.– Don’t stay away from rice with the fear that it will make you gain weight. Keep the quantity small if you must but ensure that rice, especially jasmine rice is a regular part of your diet if you wish to sleep better.This is because it contains a high level of glycemic index. And foods that are high in glycemic index foods generate the sleep inducing amino acid, tryptophan.

http://pakistantribe.com/life-style/1217/foods-that-helps-to-sleep-better-at-night

Taiwan funds collaborative multi-year research on rice with IRRI

by Philippine News Agency
October 28, 2015 (updated)
LOS BAÑOS, Laguna Oct 26 (PNA) — The International Rice Research Institute (IRRI) announced Monday the arrival of representatives of Taiwan’s Council of Agriculture (COA)- the authority on agriculture, forestry, fishery, animal husbandry, and food affairs in Taiwan – on Oct. 27-29, 2015 here to finalize the project workplan on the collaborative program on rice research between the Taiwan government and IRRI.The Taiwan government has strengthened its commitment to global food security with its recent annual donation of USD 600,000 to support a collaborative program on rice research with the International Rice Research Institute (IRRI) from 2016 to 2019.
(Photo courtesy of google maps)
In an official letter addressed to IRRI Director General Robert Zeigler, Minister Bao-ji Chen informed IRRI that the Council of Agriculture (COA) will provide a budget of around USD 500,000 per year until 2019 to fund the rice varietal development program, and the International Cooperation Development Fund (ICDF) will support a customized capacity building program for enhanced extension services and global collaboration with a budget of USD 100,000 a year.

Collaborative activities between Taiwan and IRRI are recent, but the country’s key contribution dates back to the development of IR8, also known as “miracle rice”. Through the agreement signed on January 26, 2015, IRRI formalized the strategic partnership with Taiwan in developing, evaluating, and disseminating new rice varieties.IRRI Deputy Director General for Communication and Partnerships, Bruce Tolentino Ph.D, shared the significance of this collaboration. “Taiwan provided one of two parental lines of rice—Dee-geo-woo-gen—that was bred at IRRI to develop the first generation of high-yielding rice varieties, which sparked the first Green Revolution of the 1970s to 1980s,” Dr. Tolentino said. “Today, again in partnership with IRRI, Taiwan continues to help push the boundaries of science to ensure not only abundant, but also high-quality rice to ensure global food security and human health,” he added.

Other past collaborative activities have proven mutually beneficial among IRRI, the National Taiwan University (NTU), and the Taiwan Agricultural Research Institute, Council of Agriculture of the Executive Yuan. These led to the promotion of research, training, integrated pest management, and rice germplasm improvement and conservation, among others. In October 2008, IRRI and NTU signed an agreement that established a partnership in rice research to boost global rice production.A recent research collaboration between Taiwan and IRRI centers on the need to jointly tackle the problems brought about by extreme climates. Plant pathologist and project coordinator Hei Leung expressed thanks for the financial support for this research endeavor.“IRRI is most grateful to the Taiwanese government for providing a new grant to support the discovery of new rice genes and traits that can tolerate the negative effects of climate change and to strengthen the collaboration between Taiwan institutions and IRRI. This will allow IRRI to fully explore the genetic treasures hidden in the International Rice Genebank, a legacy of world-renowned Taiwanese scientist, T.T. Chang, who pioneered its establishment in the 1960s,” he stated.


APEDA Commodity News from India

International Benchmark Price
Price on: 26-10-2015
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)
2210
2
Indian 200 mesh 3500 cps basis, FOB Kandla (USD/t)
1550
3
Indian 200 mesh 5000 cps, FOB Kandla (USD/t)
2650
Source:agra-net
For more info
Market Watch
Commodity-wise, Market-wise Daily Price on 26-10-2015
Domestic Prices
Unit Price : Rs per Qty
Product
Market Center
Variety
Min Price
Max Price
Maize
1
Hassan (Karnataka)
Local
1000
1680
2
Dahod (Gujarat)
Yellow
1370
1450
3
Palthan (Maharashtra)
Yellow
1325
1452
Barley (Jau)
1
Siddhpur (Gujarat)
Other
1725
1725
2
Begu (Rajasthan)
Other
1310
1340
3
Jhansi (Uttar Pradesh)
Other
1100
1200
Pine Apple
1
Jagraon (Punjab)
Other
1500
2000
2
Mumbai (Maharashtra)
Other
1000
2500
3
Udaipur (Rajasthan)
Other
1400
2300
Brinjal
1
Chala (Kerala)
Other
2700
2753
2
Mumbai (Maharashtra)
Other
800
1500
3
Shillong (Meghalaya)
Other
2500
3000
For more info
Egg
Rs per 100 No
Price on 26-10-2015
Product
Market Center
Price
1
Ahmedabad
333
2
Chittoor
338
3
Nagapur
312
Source: e2necc.com
Other International Prices
Unit Price : US$ per package
Price on 26-10-2015
Product
Market Center
Origin
Variety
Low
High
Potatoes
Package: 50 lb sacks
1
Atlanta
Idaho
Russet
15.50
15.50
2
Chicago
Idaho
Russet
9
11
3
Miami
Washington
Russet
13
14
Cauliflower
Package: cartons film wrapped
1
Atlanta
Mexico
White
18
18.25
2
Baltimore
Texas
White
26
26
3
Miami
California
White
28
32
Grapes
Package: 19 lb containers bagged
1
Atlanta
California
Red Globe
21.50
23.50
2
Chicago
California
Red Globe
18
20
3
New York
California
Red Globe
22
23
Source:USDA

 

Mars Food commits to 100% sustainably-sourced rice by 2020


10/27/2015 - by World Grain Staff
MANILA, PHILIPPINES — Mars Food has partnered with the Sustainable Rice Platform (SRP) and the International Rice Research Institute (IRRI) to develop the first global standard for sustainable rice. The standard was unveiled at the 5th Annual Plenary Meeting and Assembly on Oct. 26 in Manila, Philippines.Mars, whose products include the world’s largest rice brand, Uncle Ben’s, also committed to sustainably source 100% of its rice by 2020 using the SRP standard.“Caring for our environment as well as our entire supply chain from end-to-end is more than usual corporate responsibility — it’s an imperative for Mars Food,” said Fiona Dawson, president of Mars Food.
 “Through the global standard, we hope to create benefits for all involved from the farmers to our consumers. The benefit for us is that we are ensuring premium quality rice, while also ensuring a higher income for farmers, and a better environment for current and future generations. It is a truly mutual solution.”The SRP standard consists of a set of criteria for sustainable rice cultivation that may be used across the world to reduce the environmental footprint of rice production and improve the lives of rice farmers. Mars Food said the standard consists of 46 requirements organized under eight broad topics, including productivity, food safety, worker health, labor rights and biodiversity.
Mars Food said it will use the standard as a benchmark against which to assess its rice supply chains — identifying where there are gaps and developing strategies to improve sustainability. The company said it already has begun piloting implementation of the standard with rice farmers in Pakistan and India.In Pakistan, Mars Food is part of a farming program partnership with Rice Partners, Ltd., IRRI and Bayer CropScience that has grown from 31 smallholder farmers in 2011 to 400 farmers in 2015 who produce basmati rice grown with the correct application of chemicals and harvested with practices to improve food safety and water quality. In India, Mars Food is embedding new learnings while also piloting the SRP standard.
http://www.world-grain.com/articles/news_home/World_Grain_News/2015/10/Mars_Food_commits_to_100_susta.aspx?ID=%7B96CDFB86-D705-4EEE-A443-B890C50757B7%7D&cck=1
USA Rice at Miami Trade Show  
  Join the crowd at the booth in Miami
MIAMI, FL -- This week, USA Rice exhibited here at the 19th Americas Food and Beverage Show and Conference, the largest Americas focused food and beverage trade show in the Western Hemisphere.  More than 500 exhibitors hailed from the U.S. and Latin America as well as Korea, Thailand, Turkey, and the show's country of honor, Algeria.

The USA Rice booth, in the USA pavilion, provided brochures and samples of rice cooked by USA Rice's Chef Javier of Guatemala and the four winners of the Colombian chef competitions conducted earlier this year. (see the USA Rice Daily, June 29, 2015)
  "This was our first time attending and exhibiting at this show and we gathered more than a dozen quality trade leads," said Sarah Moran, USA Rice director of international promotion.  "Large, well-known grocery chains, existing importers, as well as new importers to the region approached us expressing interest in U.S. rice.  We'll work with our members to follow up on all of them."

The trade show also hosted seminars, including a discussion on "Top Food and Restaurant Trends across the U.S."  Presenters there stressed the need for brands to tell their "people story" to consumers.  This is something USA Rice has already taken to heart, with the "Meet Our Farmers" section of the consumer website that is promoted via several social media channels.
 "There was a high caliber of attendees in this year's show and I think this was a great venue to showcase USA Rice," said Ernesto Baron, USA Rice's representative for Central America/Andean.  "This region is growing very rapidly, and rice is popular and even intrinsic in a lot of cultures.  People requested samples of U.S. rice as well as general trade information and I think they were pleased with our booth and the information we had for them.  This was definitely worthwhile."
 Contact:  Jim Guinn (703) 236-1474
USARiceOutlook Contest:  Week Three   
  No matter the media, it's always USA Rice 
ARLINGTON, VA -- Sean Doherty, a rice farmer from Dunnigan, California, is this week's finalist in the #USARiceOutlook social media contest.  A weekly winner will be announced every Wednesday until November 4, and will be in the running for the grand prize of a free registration to the USA Rice Outlook Conference in New Orleans December 9-11.

For contest eligibility, participants can retweet or share USA Rice's posts about the upcoming conference, or they can create their own original content using the hashtag #USARiceOutlook.  Members can share what they are looking forward to most at the conference, which speaker they are most excited about, their favorite part about New Orleans, etc.  Creativity is encouraged!
When asked for his response to being named a finalist in the contest, Doherty replied, "USA Rice Outlook Conference in New Orleans?  Be there.  And that's all I'm saying!"Follow @usaricenews on Twitter for more exciting updates about the 2015 USA Rice Conference and remember to tweet us using #USARiceOutlook!
 Contact:  Colleen Klemczewski (703) 236-1446
Ahok Ensures Safety of Rice Supply in Jakarta
WEDNESDAY, 28 OCTOBER, 2015 | 11:22 WIB
TEMPO.CO, Jakarta - Jakarta Governor Basuki ‘Ahok’ Tjahaja Purnama guaranteed that rice supply in Jakarta is safe. “We still have enough rice,” he said on Wednesday.
Ahok said the Jakarta government had established cooperation with the State Logistics Agency (Bulog) to ensure that rice supply at Cipinang Central Market is always available. “If we need more, Bulog will add,” he said.Ahok said if Jakarta’s rice supply was 25,000 tons and was still lacking, Bulog would automatically add more rice to 75,000 tons, for example. He added that most of the rice was imported by Bulog.Economic Bureau chief Adi Ariantara said the current rice stock at Cipinang Central Market is 33,000 tons, with 3,000-4,000 tons consumed by Jakarta citizens everyday.Even though the stock is safe, Adi plans to conduct market operation so that the price of rice is table. The price of IR rice right now, for example, is Rp8,000-9,000 per kilogram. “We will carry out market operation in November so that the price will decrease,” he said.
http://en.tempo.co/read/news/2015/10/28/057713737/Ahok-Ensures-Safety-of-Rice-Supply-in-Jakarta

Thailand Swears Off Subsidies in Bid to Cut Crop Surpluses


A farmer checks rice prior to harvesting in a paddy field in Ayutthaya province, Thailand.
 Photographer: Dario Pignatelli/Bloomberg
Thailand, the world’s largest rice exporter, vowed not to reintroduce subsidies in the face of a worsening drought as it pushes ahead with plans to eliminate crop surpluses.Restoring market balance and improving farm income are key planks of Prime Minister Prayuth Chan-Ocha’s policy as the government seeks to restructure the farm sector and to eliminate the stockpile of 13 million metric tons of rice built up by former Prime Minister Yingluck Shinawatra at a cost of 885 billion baht ($25 billion).“This government will definitely not interfere with product prices,” Chatchai Sarikulya, Minister of Agriculture and Cooperatives, said last week in an interview in Bangkok. “We want prices to move in line with the market mechanism.

We focus more on strengthening farmers.”Water levels in the four main reservoirs in Thailand’s central provinces dropped to the lowest since 1993 amid an El Nino-induced drought. The central region normally accounts for nearly half the nation’s rice output during the dry season that runs from November to April.“We’re worried about this intensifying situation,” Chatchai said. “There’s risk that drought could damage rice crops. The government hopes farmers will not plant rice during the dry season as we have warned them in advance about inadequate water supply.”

Price Plunge

Chatchai wants to discourage planting of crops such as rice in favor of higher value products to help increase farm income and reduce overproduction. Last month, the benchmark domestic price of Thai rice fell to $350 a ton, the lowest level since 2007, according to the Thai Rice Exporters Association.Thai rice production exceeded local demand by about 50 percent last year and rubber output exceeded consumption seven-fold, according to government data.Output of rough rice may decline to as low as 22.98 million tons in 2015-16, the least since 1996-97, assuming there is no planting during the dry season starting in November, Thailand’s Office of Agricultural Economics said in September.
 That’s down 30 percent from 32.62 million tons a year earlier. Production may total 24.69 million tons if 20 percent of rice is planted in the dry season, the office estimated.El Nino is changing weather across the globe, baking parts of Asia and bringing torrential rains to parts of South America. It threatens to parch fields in Asia and may disrupt harvests worldwide.The government wants farmers to switch to high-value farm products that meet market demand and reduce surpluses through a voluntary crop zoning policy, that would match crops to soil conditions and water supply. The ministry is setting up 882 centers nationwide to educate farmers on zoning, farming technique and marketing.

Commerce Minister Seeks More Ideas on Rice Export

Cambodia has a goal set by Prime Minister Hun Sen to export 1 million tons of rice each year.
Minister of Commerce Sun Chanthol attends a rice branding event hosted by the United Kingdom embassy in Phnom Penh, Cambodia, October 28, 2015. (Photo: Hean Socheata/ VOA Khmer)
PHNOM PENH—
Cambodian Commerce Minister Sun Chanthol says the country’s rice has a branding problem. With better branding, he told a group of officials at a roundtable recently, more rice would sell.Cambodia has a goal set by Prime Minister Hun Sen to export 1 million tons of rice each year. Currently, it exports 370,000 tons. Much of that goes to the EU, under the “everything but arms” tariff benefit.
At the roundtable, hosted by the British Embassy and Commerce Ministry, officials discussed ideas to increase that number. Aside from branding, officials discussed better governance, a stronger private sector and more support for farmers.Lord David Puttnam, the UK’s trade envoy, said a strong brand, clear label and consistent supply of quality rice would find a market.Supply is “pivotal to big buyers, big retailers, and big wholesalers,” he said. “That means the supply chain has to be very disciplined, because if one person cheats, you can destroy all the reputation you created.”Sun Chanthol said he would push for better branding in the private sector. “If they recognize it,” he said, “they’ll say, ‘Hey, this is a premium product.’”
CCC Announces Prevailing World Market Prices 
WASHINGTON, DC -- The Department of Agriculture's Commodity Credit Corporationtoday announced the following prevailing world market prices of milled and rough rice, adjusted for U.S. milling yields and location, and the resulting marketing loan gain (MLG) and loan deficiency payment (LDP) rates applicable to the 2015 crop, which will become effective today at 7:00 a.m., Eastern Time (ET).  Rough rice prices increased $0.18 per cwt for long grain and $0.19 per cwt for medium/short grain. 

World Price
MLG/LDP Rate

Milled Value ($/cwt)
Rough ($/cwt)
Rough ($/cwt)
Long Grain
15.21
9.60
0.00
Medium/Short Grain
14.72
9.87
0.00
Brokens
  9.17  
----
----

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

U.S. Milling Yields
Whole/Broken
(lbs/cwt)
Loan Rate
($/cwt)
Long Grain
55.01/13.46
6.50
Medium/Short Grain
61.81/8.43
6.50

The next program announcement is scheduled for
 November 4, 2015.    


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

November 2015
$11.400
 - $0.200
January 2016
$11.685
- $0.200
March 2016
$11.950
- $0.210
May 2016
$12.220
- $0.215
July 2016
$12.470
- $0.215
September 2016
$12.095
- $0.255
November 2016
$12.095
- $0.255

Arkansas Farm Bureau Daily Commodity Report

A comprehensive daily commodity market report for Arkansas agricultural commodities with cash markets, futures and insightful analysis and commentary from Arkansas Farm Bureau commodity analysts.
Noteworthy benchmark price levels of interest to farmers and ranchers, as well as long-term commodity market trends which are developing. Daily fundamental market influences and technical factors are noted and discussed.
Soybeans
High
Low
Cash Bids
910
845
New Crop
926
877


Riceland Foods


Cash Bids
Stuttgart: - - -
Pendleton: - - -
New Crop
Stuttgart: - - -
Pendleton: - - -


Futures:
High
Low
Last
Change
Nov '15
891.00
881.00
881.50
-9.75
Jan '16
891.50
882.00
882.75
-8.25
Mar '16
894.00
885.75
886.50
-7.00
May '16
898.00
890.50
891.75
-6.00
Jul '16
903.00
896.00
897.25
-5.75
Aug '16
900.25
895.00
895.75
-5.50
Sep '16
893.25
889.00
888.75
-4.75
Nov '16
892.25
885.75
887.25
-4.50
Jan '17
897.75
891.75
892.50
-4.25

Soybean Comment

Soybeans closed slightly lower today as wetter forecasts in South America continue to worry the soybean market. Prices continue to have difficulty maintaining traction to pull prices back to resistance at $9. While demand remains good there are ample soybeans in the world and there are more coming, prices will have difficulty sustaining gains in the longer term.


Wheat
High
Low
Cash Bids
498
498
New Crop
514
434


Futures:
High
Low
Last
Change
Dec '15
508.75
500.00
506.00
-3.25
Mar '16
513.50
505.50
511.75
-2.50
May '16
517.75
510.25
516.50
-2.25
Jul '16
520.25
512.25
518.75
-1.75
Sep '16
527.50
522.75
527.25
-1.25
Dec '16
540.50
532.75
539.50
-1.00
Mar '17
550.00
-0.50
May '17
550.00
-0.25
Jul '17
537.75
-0.25

Wheat Comment

Wheat remains volatile as prices remain tied to outside market. U.S. wheat supplies could see some relief if current crop conditions don't improve; however, U.S. wheat exports have yet to take off leading to the expedition the USDA will lower forecasts next month.


Grain Sorghum
High
Low
Cash Bids
390
314
New Crop
390
334



Corn
High
Low
Cash Bids
395
355
New Crop
411
377


Futures:
High
Low
Last
Change
Dec '15
380.75
375.75
376.00
-4.00
Mar '16
390.25
385.25
386.00
-3.75
May '16
396.25
391.50
392.25
-3.75
Jul '16
401.00
396.00
396.50
-4.25
Sep '16
398.75
395.00
396.00
-3.00
Dec '16
406.00
401.75
402.00
-3.75
Mar '17
415.25
411.25
411.75
-3.50
May '17
421.25
421.25
417.75
-3.50
Jul '17
425.25
421.75
422.00
-3.25

Corn Comment

Corn prices closed lower today. The market continues to feel the pressure of lackluster demand and a strong U.S. Harvest. While stock forecasts remain around 1.5 billion this seems to be plenty for the market which seems to be turning bearish. Prices maintain support near $3.60.


Cotton
Futures:
High
Low
Last
Change
Dec '15
62.9
62.2
62.67
0.33
Mar '16
62.68
61.94
62.46
0.3

Cotton Comment

Cotton futures were a bit higher, with December holding above 62 cents. Technical selling in the face of overbought indicators has resulted in the downturn of the past two weeks. The crop is 42% harvested nationwide, but behind schedule in the eastern costal states that are still waiting for fields to dry out to be able to evaluate the condition of the crop and get the pickers rolling.


Rice
High
Low
Long Grain Cash Bids
- - -
- - -
Long Grain New Crop
- - -
- - -


Futures:
High
Low
Last
Change
Nov '15
1164.5
1137.0
1140.0
-20.0
Jan '16
1193.0
1165.0
1168.5
-20.0
Mar '16
1209.0
1193.0
1195.0
-21.0
May '16
1222.0
-21.5
Jul '16
1250.0
1250.0
1247.0
-21.5
Sep '16
1209.5
-25.5
Nov '16
1209.5
-25.5

Rice Comment

Rice charted another leg down today, violating the uptrend drawn off the May low in the process. This price action signals a move to the 62% retracement level of $11.18. Global production problems have helped support the market since the summer, however, disappointing U.S. yields have likely been built into prices at this point.


Cattle
Futures:
Live Cattle:
High
Low
Last
Change
Oct '15
139.675
137.225
139.675
+3.000
Dec '15
143.600
142.000
143.600
+3.000
Feb '16
145.375
143.625
145.375
+3.000
Apr '16
144.325
142.325
144.000
+2.675
Jun '16
135.150
133.175
134.700
+2.450
Aug '16
132.650
130.775
131.700
+2.025
Oct '16
134.000
132.650
133.275
+1.725
Dec '16
135.000
133.650
134.400
+1.875
Feb '17
134.400
133.250
134.400
+2.475
Feeders:
High
Low
Last
Change
Oct '15
193.800
193.000
193.600
+1.000
Nov '15
192.250
189.675
192.250
+4.500
Jan '16
184.650
181.675
184.650
+4.500
Mar '16
181.850
178.925
181.600
+4.250
Apr '16
182.450
179.900
181.975
+3.825
May '16
182.250
179.900
182.250
+4.075
Aug '16
182.800
180.000
182.725
+4.125
Sep '16
180.000
179.900
180.000
+2.050

Cattle Comment

Cattle prices surged today as reported cash prices were stronger than anticipated. Futures remain on shaky ground as price will come under technical pressure and will need this kind of fundamental support to maintain gains.


Hogs
Futures:
High
Low
Last
Change
Dec '15
62.125
60.425
61.000
-0.250
Feb '16
65.125
63.925
64.075
-0.625
Apr '16
69.175
68.075
68.300
-0.725
May '16
73.800
73.250
73.350
-0.475
Jun '16
77.100
76.050
76.100
-0.925
Jul '16
76.725
76.000
76.000
-0.725
Aug '16
75.900
75.275
75.500
-0.475
Oct '16
66.700
65.875
65.875
-0.900
Dec '16
64.200
63.475
64.025
-0.175

Hog Comment



Shell Eggs

National Turkeys

Delmarva Broilers