Monday, December 07, 2015

1st December,2015 Daily Exclusive ORYZA E-Newsletter by Riceplus Magazine

Italian Paddy Rice Prices Remain Firm in Third Week of November 2015

Nov 30, 2015
Italian paddy rice prices remained unchanged as of November 24, 2015 from those on November 17, 2015, according to local sources. Prices, which were quite low in the last week of September and first week of October, have started increasing from the second week of October and have continued the pace till the week ended November 17. Prices of Japonica reportedly increased to a relatively higher extent in the earlier weeks of this crop year (September 2015 – August 2016).
Below are farm gate paddy quotes from the Milan grain exchange, as of November 24, 2015:     
Arborio-Volano rice is quoted 650-675 euros (about $ 689-715) per ton;
Balilla, Centauro and similar paddies are out at 335-365 euros (about $ 355-387) per ton;
Lido, Crono, Flipper and similar varieties are out at 300-320 euros (about $ 318-339) per ton;
Padano, Argo is out at 385-430 euros (about $ 408-456) per ton;
Vialone Nano is quoted 590-630 euros (about $ 625-668) per ton;
Carnaroli is quoted 650-705 euros (about $ 689-747) per ton;
Thaibonnet and similar varieties are quoted 285-305 euros (about $ 302-322) per ton;
Sant'Andrea is quoted 390-420 euros (about $ 413-445) per ton;
Luna Cl, Dardo and similar varieties are out at 300-320 euros (about $318-339 ) per ton;
Baldo is quoted 360-380 euros (about $ 381-403) per ton; 
Roma is quoted 400-430 euros (about $ 424-456) per ton;
Selenio is quoted 335-385 euros (about $ 355-408) per ton;
Augusto is out at 355-375 euros (about $ 376-397) per ton;
Loto and Nembo are quoted 330-360 euros (about $ 349-381) per ton.


Milling Facility Aims for Undisrupted Rice Supply in UAE

Nov 30, 2015
A new rice milling facility worth 140 million dirham and with a storage capacity of 50,000 tons is being planned by the Abu Dhabi-based agribusiness firm Al Dhara Holding and India-based Kohinoor Foods to address supply concerns in the United Arab Emirates (UAE), according to Reuters.
Al Dahra is the government's strategic partner on food security matters. The joint venture firm can handle all production processes including milling , storing, packing and distribution.
Since UAE imports all the rice needed for its consumption and nearly 85% of its food needs, setting up of such a modern facility is expected to ensure continuous supply of rice and other food items within the UAE countries.
"Al Dahra Kohinoor facility will ensure the sustainable and undisrupted supply of essential food commodities into the Emirate (Abu Dhabi) and we are eager to launch operations by the second quarter of 2016," said the Vice Chairman of Al Dhara Holding in a statement. 
The facility will reportedly be located in the Khalifa Industrial Zone Abu Dhabi (Kizad).
USDA estimates UAE to import about 460,000 tons of rice in 2015.

Japan Lowers 2016 Rice Production Target by 1% to 7.43 Million Tons

Dec 01, 2015

Japan's Agriculture Ministry has lowered the country's rice production target in 2016 to around 7.43 million tons from last year's 7.51 million tons in line with the falling consumption demand, according to local sources.
The Ministry has accordingly, reduced individual targets for the country's 47 prefectures, some officials were quoted as saying.
The government has been lowering the rice production target every year since 2010. Currently, the government is encouraging farmers to lower production for human consumption and increase that for feed. Rice production for human consumption fell below the target in 2015, but domestic rice consumption also declined significantly during the year, according to Ministry sources.
Rice utilization for feed in the first eleven months of MY 2014-15 (October - September) reached around 1.068 million tons from around 732,893 tons in MY 2013-14, USDA Post reported in a recent report.

India Average Wholesale Rice Prices Increase in November 2015 on Concerns of Low Production

Dec 01, 2015
India average wholesale rice prices which declined in October 2015 with the beginning of the kharif (June - December) rice harvest, have increased in November on concerns of lower output due to El Nino-induced below-average monsoon rains in many rice growing areas.
Average monthly wholesale rice prices in India increased to around Rs.2,614.61 per quintal in November 2015, up about 1% from around Rs.2,588.89 per quintal in October 2015, and down about 6% from their year-ago levels of around Rs.2,779.28 per quintal.
In terms of USD per ton, wholesale rice prices in India stand at around $396 per ton (using current exchange rates) in November 2015, slightly down from around $399 per ton (using historical exchange rates) in October 2015, and down about 12% from around $448 per ton (using historical exchange rates) in November 2014.     
Analysts are expecting India’s average prices to increase if India’s production is dampened by intensifying El Nino weather pattern, which is likely to cause drought conditions in Asia. The government of India has forecasted the 2015-16 kharif (June - December) rice production at around 90.6 million tons, slightly down from around 90.86 million tons in 2014-15.

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Give Up Early Gains to Close Lower

Dec 01, 2015
Chicago rough rice futures for Jan delivery settled 5 cents per cwt (about $1 per ton) higher at $11.905 per cwt (about $262 per ton). The other grains finished the day mostly higher; Soybeans closed about 0.9% higher at $8.8100 per bushel; wheat finished about 0.7% lower at $4.7550 per bushel, and corn finished the day about 1.4% higher at $3.7225 per bushel.
U.S. stocks traded mostly lower Monday, the last day of trade for November, as investors eyed retail results and readied for key data and central bank comments later in the week. The major averages briefly attempted slight gains before holding mostly below the flatline in afternoon trade. The major averages are on track for monthly gains of about 0.3% or more, with the Nasdaq composite the best performer. The November Chicago PMI came in at 48.7, in contraction territory and down from October's 56.2 print.  The pending home sales figure for October from the National Association of Realtors rose by just 0.2%, ending two straight months of declines but far below expectations for a 1.0% rebound, Reuters said. In addition to Friday's key employment report, central banks will take center stage later in the week. On Thursday, the European Central Bank is expected to expand its easing program and cut its already negative deposit rate. The International Monetary Fund announced Monday it will include China's yuan, or renminbi, in an exclusive group of currencies that make up the basket of the IMF's Special Drawing Rights (SDR). The change is set to take effect next October. European stocks closed mixed, while Asian equities ended mostly lower. The Shanghai composite closed mildly higher after posting its worst day since August on Friday. In early afternoon trade, the Dow Jones industrial average traded down 24 points, or 0.14%, to 17,776. The S&P 500 traded down 3 points, or 0.15%, at 2,087, with energy leading six sectors higher and healthcare leading advancers. The Nasdaq composite traded down 19 points, or 0.39%, at 5,107. Gold is seen trading about 1.2% higher, crude oil is seen trading nearly flat, and the U.S. dollar is seen trading about 0.1% higher at about  1:20pm Chicago time.
Friday, there were 729 contracts traded, down from 1,063 contracts traded on Wednesday. Open interest – the number of contracts outstanding – on Friday increased by 162 contracts to 12,544.

IGC Forecasts 2015-16 Global Rice Production to Decline About 1% from Previous Year

Dec 01, 2015

In its November 2015 Grain Market Report (GMR), the International Grains Council (IGC) forecasts 2015-16 global rice production at around 474 tons, down about 1% from record 478 million tons in 2014-15 as expected decline in some of the top producing countries, including India and Thailand, is only partly offset by improved harvest in other Asian countries. 
The IGC, however kept its forecasts unchanged from its previous estimate in October 2015.
The IGC forecasts 2015-16 global rice trade at around 42 million tons, unchanged from the previous year's 42 million tons as well as its previous estimate of around 42 million tons. The IGC forecasts global trade to reach record high in 206 due to increased imports by most of the Asian countries, including Indonesia and the Philippines, as part of efforts to maintain adequate domestic supplies.
The agency forecasts 2015 global rice consumption to increase about 1% to around 486 million tons from an estimated 483 million tons last year and slightly up from its previous estimate of around 487 million tons.
The IGC forecasts global rice ending stocks at around 94 million tons in 2015-16, down about 12% from an estimated 107 million tons in 2014-15 and unchanged from its previous estimate. The IGC forecasts the ending stocks in major exporters like India and Thailand to decline significantly.
In its November 2015 Rice Outlook report, USDA forecasts 2015-16 global rice production (milled basis) at around 473.5 million tons, down about 1% from last year due to an expected decline in acreage as well as decline in average yields, which are likely to be affected by adverse weather conditions. USDA forecasts 2015 global rice trade at around 42.5 million tons, down about 800,000 tons from an estimated 43.3 million tons in 2014, and almost unchanged from last month's forecast of around 42.4 million tons.

Italy Approves New Law on Agricultural Biodiversity; More Rice Varieties to Get PDO, PGI Denominations

Dec 01, 2015

The Italian Parliament has approved the institution of a 'National System of Agricultural Biodiversity and Food' on November 30, 2015, according to local sources. It has also approved for the institution of a Protection Fund to support the actions of farmers.
According to the law, the Council for Agricultural Research and analysis of the agrarian economy (CREA) will intervene in the research activities related to agricultural biodiversity and food over the next three years to protect and develop the agricultural sector.
Farmers unions have welcomed the decision. "The recognition of our typical and traditional products related to agriculture Italian territory becomes a real investment in competitiveness," said the Italian Farmers Union Coldiretti.
The decision is expected to protect the locally developed rice varieties. Italy currently has 4,886 traditional foods developed in local regions, including 272 food varieties are Protected Designation of Origin (PDO) and Protected Geographical Indications (PGI) specialties. Of these, Riso di Baraggia biellese e vercellese PDO, Vialone Nano PGI, Riso delta del Po PGI are famous rice varieties. The PDO and GPI denominations allow to certify high quality standard in rice farming and milling, thus permitting to get a higher final price.
The new law allows rice produced in many other regions also get PDO and PGI denominations.  

Oryza U.S. Rough Rice Recap - Prices Seen Steady Despite Less Than Stellar Export Sales

Dec 01, 2015

The U.S. cash market was seen mostly steady today despite than stellar export sales.
The USDA reported that cumulative net export sales for the week that ended on November 19th, totaled 33,700 tons, a decrease of 23% from the previous week and 51% lower than the prior 4-week average.
Increases were reported for the following destinations including: 13,700 ton to Japan, 7,200 tons to Costa Rica, 5,000 tons to Haiti, 3,600 tons to Honduras including 2,600 tons switched from unknown destinations, 3,100 tons to Canada.
U.S. rice exporters shipped 27,900 tons, a decrease of 75% from than last week and 58% lower than the prior 4-week average. Increases were reported for the following destinations including: 12,300 tons to Japan, 3,900 tons to Mexico, 3,500 tons to Honduras, 3,200 tons to Canada, and 1,500 tons to South Korea.
Global Rice Quotes
December 1st, 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             320-330         ↑
Myanmar 5% broken           405-415         ↔
Cambodia 5% broken           415-425         ↔
U.S. 4% broken          485-495         ↔
Uruguay 5% broken             535-545         ↔
Argentina 5% broken           530-540         ↔
Long grain white rice - low quality
Thailand 25% broken          335-345         ↔
Vietnam 25% broken           355-365         ↔
Pakistan 25% broken           295-305         ↑
Cambodia 25% broken        400-410         ↔
India 25% broken     320-330         ↔
U.S. 15% broken        515-525         ↔
Long grain parboiled rice
Thailand parboiled 100% stxd        345-355         ↔
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%       700-710         ↔
Vietnam Jasmine       435-445         ↓
India basmati 2% broken     NQ       ↔
Pakistan basmati 2% broken           NQ       ↔
Cambodia Phka Mails           830-840         ↔
Brokens
Thailand A1 Super    325-335         ↔
Vietnam 100% broken         330-340         ↔
Pakistan 100% broken stxd             280-290         ↔
Cambodia A1 Super 355-365         ↔
India 100% broken stxd      280-290         ↔
Egypt medium grain brokens          NQ       ↔
U.S. pet food   330-340         ↔
Brazil half grain         NQ       ↔
All prices USD per ton, FOB vessel, oryza.com

Thai Rice Prices May Increase by 15% Next Year if Drought Continues, Says TREA Official

Nov 30, 2015

The Honorary President of the Thai Rice Exporters Association (TREA) is expecting the Thai rice export prices, which are currently slightly below the Vietnam prices, would increase by about 10-15% in the first quarter of 2016 and another 10-15% in the second quarter if the dry spell continues, according to local sources.
He told reporters that the government is expecting output from this year's main crop to decline about 2% to 26 million tons, and that from the off-season to decline by over half to around 4 million tons. If the drought conditions continue, output from next year's main crop may be impacted as well, he said.
The TREA is expecting the global rice production to decline by about 1%, he said. "The impact of the dry weather is expected to become clearer by the middle of next year, particularly after Indonesia's harvest season in April, when we will see how much Indonesia's rice production will fall," he noted.
The TREA official noted that the major importers such as the Philippines, Indonesia and Middle Eastern countries are concerned about their falling outputs and are forced to maintain reserve stocks to prevent price hikes locally.
Despite lower production, he noted that Thailand's rice exports are expected to reach around 9-10 million tons. The official also noted that the government still has rice stocks of around 13 million tons, of which around 7-8 million tons are of good quality and can be retained for domestic consumption and to maintain state buffer stocks.
Export quotes of benchmark Thai 100% B rice currently stand at around $365 per ton compared to Viet 5% rice at around $375 per ton.

Thai Government Conducts First Rotten Rice Auction; Two Local Firms Win Bid to Buy 37,413 Tons

Dec 01, 2015

Two private Thai firms won the bid to buy around 37,413 tons of stockpiled rotten rice worth 198 million baht (around $5.53 million) in the first auction conducted by the government of Thailand today, according to local sources.
The Commerce Ministry did not specify when the sale would be approved. "We'll have to see how smoothly this auction goes and then we will see whether we will hold the next one and when," said the Commerce Permanent Secretary.
The government earlier told that it would sell about 2 million tons of rotten rice from stockpiles, for industrial use, in quantities between 1,000 and 6,000 tons.
Thailand holds about 13 million tons of rice stocks accumulated from the previous government's rice pledging scheme, of which about 6 million tons are "below-standard or rotten" and are judged unfit for human consumption, according to a Commerce Ministry statement.
The government of Thailand sold around 4.6 million tons of stockpiled rice raising around 49 billion baht (around $1.4 billion) in the ten auctions conducted since it took over in May 2014.

Vietnam exports 5.372 Million Tons of Rice in January 1 - November 23, 2015, Down 8% from Previous Year

Dec 01, 2015

Vietnam exported about 5.372 million tons of rice in January 1 - November 23, 2015, down about 8% from about 5.858 million tons of rice exported in first eleven months of 2014, according to data from the Vietnam Food Association (VFA). The average rice export price so far in this year stands at about $409.72 per ton (FOB), down about 6.5% per ton from about $438.27 per ton recorded during same last year.

According to the data from the VFA, Vietnam exported about 334,521 tons of rice from November 1-23, 2015, down about 51% from about 687,663 tons of rice exported in October 2015, and down about 31% from about 484,513 tons rice exported in November 2014. The average export price so far in October stands at about $361.71 per ton, down about 8% per ton from a month ago and down about 22% from a year ago.

Vietnam, Pakistan Rice Sellers Alter Some of Their Quotes Today; Other Asian Rice Quotes Remain Unchanged

Dec 01, 2015

Vietnam rice sellers lowered their quotes for jasmine rice by about $10 per ton to around $435 - $445 per ton today. Pakistan rice sellers increased their quotes for 5% and 25% broken rice varieties by about $5 per ton to around $320 - $330 per ton and $295 - $305 per ton respectively. Other Asian rice sellers kept their quotes unchanged from yesterday.

5% Broken Rice
Thailand 5% rice is indicated at around $350 - $360 per ton about $20 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 $30 per ton premium on Pakistan 5% rice shown at around $320 - $330 per ton.

25% Broken Rice
Thailand 25% rice is indicated at around $335 - $345 per ton, about $20 per ton discount on Vietnam 25% rice shown at around $355- $365 per ton. India 25% rice is indicated at around $320 - $330 per ton, about $25 per ton premium on Pakistan 25% rice shown at around $295 - $305 per ton.

Parboiled Rice            
Thailand parboiled rice is indicated at around $345 - $350 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 $325 - $335 per ton, about $5 per ton discount to Vietnam 100% broken rice shown at around $330 - $340 per ton. India's 100% broken rice is shown at around $280 - $290 per ton, on par with Pakistan broken sortexed rice shown at around $280 - $290 per ton.


Exclusive News have been shared with written permission of ORYZA.com with thanks

2nd December,2015 Daily Exclusive ORYZA E-Newsletter by Riceplus Magazine

Italy Approves New Law on Agricultural Biodiversity; More Rice Varieties to Get PDO, PGI Denominations

Dec 01, 2015
The Italian Parliament has approved the institution of a 'National System of Agricultural Biodiversity and Food' on November 30, 2015, according to local sources. It has also approved for the institution of a Protection Fund to support the actions of farmers.
According to the law, the Council for Agricultural Research and analysis of the agrarian economy (CREA) will intervene in the research activities related to agricultural biodiversity and food over the next three years to protect and develop the agricultural sector.
Farmers unions have welcomed the decision. "The recognition of our typical and traditional products related to agriculture Italian territory becomes a real investment in competitiveness," said the Italian Farmers Union Coldiretti.
The decision is expected to protect the locally developed rice varieties. Italy currently has 4,886 traditional foods developed in local regions, including 272 food varieties are Protected Designation of Origin (PDO) and Protected Geographical Indications (PGI) specialties. Of these, Riso di Baraggia biellese e vercellese PDO, Vialone Nano PGI, Riso delta del Po PGI are famous rice varieties. The PDO and GPI denominations allow to certify high quality standard in rice farming and milling, thus permitting to get a higher final price.
The new law allows rice produced in many other regions also get PDO and PGI denominations.  

Italy Approves New Law on Agricultural Biodiversity; More Rice Varieties to Get PDO, PGI Denominations

Dec 01, 2015
The Italian Parliament has approved the institution of a 'National System of Agricultural Biodiversity and Food' on November 30, 2015, according to local sources. It has also approved for the institution of a Protection Fund to support the actions of farmers.
According to the law, the Council for Agricultural Research and analysis of the agrarian economy (CREA) will intervene in the research activities related to agricultural biodiversity and food over the next three years to protect and develop the agricultural sector.
Farmers unions have welcomed the decision. "The recognition of our typical and traditional products related to agriculture Italian territory becomes a real investment in competitiveness," said the Italian Farmers Union Coldiretti.
The decision is expected to protect the locally developed rice varieties. Italy currently has 4,886 traditional foods developed in local regions, including 272 food varieties are Protected Designation of Origin (PDO) and Protected Geographical Indications (PGI) specialties. Of these, Riso di Baraggia biellese e vercellese PDO, Vialone Nano PGI, Riso delta del Po PGI are famous rice varieties. The PDO and GPI denominations allow to certify high quality standard in rice farming and milling, thus permitting to get a higher final price.
The new law allows rice produced in many other regions also get PDO and PGI denominations.  
 Japan Lowers 2016 Rice Production Target by 1% to 7.43 Million Tons
Dec 01, 2015
Japan's Agriculture Ministry has lowered the country's rice production target in 2016 to around 7.43 million tons from last year's 7.51 million tons in line with the falling consumption demand, according to local sources.
The Ministry has accordingly, reduced individual targets for the country's 47 prefectures, some officials were quoted as saying.
The government has been lowering the rice production target every year since 2010. Currently, the government is encouraging farmers to lower production for human consumption and increase that for feed. Rice production for human consumption fell below the target in 2015, but domestic rice consumption also declined significantly during the year, according to Ministry sources.
Rice utilization for feed in the first eleven months of MY 2014-15 (October - September) reached around 1.068 million tons from around 732,893 tons in MY 2013-14, USDA Post reported in a recent report.

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Remain Under Pressure as Demand Remains Weak

Dec 02, 2015

Chicago rough rice futures for Jan delivery settled 19 cents per cwt (about $4 per ton) lower at $11.715 per cwt (about $258 per ton). The other grains finished the day mostly higher; Soybeans closed about 0.9% higher at $8.8925 per bushel; wheat finished about 0.8% lower at $4.7150 per bushel, and corn finished the day about 0.4% higher at $3.7375 per bushel.
U.S. stocks held higher on Tuesday, the first day of trade for December, as investors eyed data ahead of major central bank news expected later in the week. Stocks came off session highs after the ISM U.S. November Manufacturing PMI came in at 48.6, in contraction territory and below the expected 50.5 read. The print was the worst since June 2009 and the first time the index fell below 50 in three years. Investors also eyed late-morning news that five people were injured when a bomb exploded near an Istanbul metro station Tuesday, according to the district mayor. In other economic news, construction spending rose 1.0% for October, topping estimates of 0.6%. The U.S. Markit PMI for November was 52.8, above the flash read of 52.6 but below the final October print of 54.1.
European stocks came off session highs to close mostly lower, while major Asian indexes closed higher. Japan's Nikkei topped the psychologically key 20,000 level for the first time in three months. China's official manufacturing purchasing managers index showed a slight decline in November to 49.6, while the private Caixin/Markit China manufacturing PMI contracted for the ninth straight month in November at 48.6 but more slowly than in October. In early afternoon trade, the Dow Jones industrial average rose 106 points, or 0.60%, at 17,827. The S&P 500 gained 12 points, or 0.6%, to 2,093, with health care leading all 10 sectors higher. The Nasdaq rose 27 points, or 0.5%, to 5,136. Gold is seen trading about 0.1% higher, crude oil is seen trading nearly about 0.1% higher, and the U.S. dollar is seen trading about 0.4% lower at about  1:00pm Chicago time.Monday, there were 2,450 contracts traded, up from 729 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday increased by 125 contracts to 12,669.

Thai Government Conducts First Rotten Rice Auction; Two Local Firms Win Bid to Buy 37,413 Tons

Dec 01, 2015
Two private Thai firms won the bid to buy around 37,413 tons of stockpiled rotten rice worth 198 million baht (around $5.53 million) in the first auction conducted by the government of Thailand today, according to local sources.
The Commerce Ministry did not specify when the sale would be approved. "We'll have to see how smoothly this auction goes and then we will see whether we will hold the next one and when," said the Commerce Permanent Secretary.
The government earlier told that it would sell about 2 million tons of rotten rice from stockpiles, for industrial use, in quantities between 1,000 and 6,000 tons.
Thailand holds about 13 million tons of rice stocks accumulated from the previous government's rice pledging scheme, of which about 6 million tons are "below-standard or rotten" and are judged unfit for human consumption, according to a Commerce Ministry statement.
The government of Thailand sold around 4.6 million tons of stockpiled rice raising around 49 billion baht (around $1.4 billion) in the ten auctions conducted since it took over in May 2014.

Vietnam, Pakistan Rice Sellers Alter Some of Their Quotes Today; Other Asian Rice Quotes Remain Unchanged

Dec 01, 2015

Vietnam rice sellers lowered their quotes for jasmine rice by about $10 per ton to around $435 - $445 per ton today. Pakistan rice sellers increased their quotes for 5% and 25% broken rice varieties by about $5 per ton to around $320 - $330 per ton and $295 - $305 per ton respectively. Other Asian rice sellers kept their quotes unchanged from yesterday.
5% Broken Rice
Thailand 5% rice is indicated at around $350 - $360 per ton about $20 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 $30 per ton premium on Pakistan 5% rice shown at around $320 - $330 per ton.
25% Broken Rice
Thailand 25% rice is indicated at around $335 - $345 per ton, about $20 per ton discount on Vietnam 25% rice shown at around $355- $365 per ton. India 25% rice is indicated at around $320 - $330 per ton, about $25 per ton premium on Pakistan 25% rice shown at around $295 - $305 per ton.
Parboiled Rice            
Thailand parboiled rice is indicated at around $345 - $350 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 $325 - $335 per ton, about $5 per ton discount to Vietnam 100% broken rice shown at around $330 - $340 per ton. India's 100% broken rice is shown at around $280 - $290 per ton, on par with Pakistan broken sortexed rice shown at around $280 - $290 per ton.

India Average Wholesale Rice Prices Increase in November 2015 on Concerns of Low Production

Dec 01, 2015
India average wholesale rice prices which declined in October 2015 with the beginning of the kharif (June - December) rice harvest, have increased in November on concerns of lower output due to El Nino-induced below-average monsoon rains in many rice growing areas.
Average monthly wholesale rice prices in India increased to around Rs.2,614.61 per quintal in November 2015, up about 1% from around Rs.2,588.89 per quintal in October 2015, and down about 6% from their year-ago levels of around Rs.2,779.28 per quintal.
In terms of USD per ton, wholesale rice prices in India stand at around $396 per ton (using current exchange rates) in November 2015, slightly down from around $399 per ton (using historical exchange rates) in October 2015, and down about 12% from around $448 per ton (using historical exchange rates) in November 2014.     
Analysts are expecting India’s average prices to increase if India’s production is dampened by intensifying El Nino weather pattern, which is likely to cause drought conditions in Asia. The government of India has forecasted the 2015-16 kharif (June - December) rice production at around 90.6 million tons, slightly down from around 90.86 million tons in 2014-15.
Global Rice Quotes
December 2nd, 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    320-330           ↔
Myanmar 5% broken   405-415           ↔
Cambodia 5% broken             415-425           ↔
U.S. 4% broken           485-495           ↔
Uruguay 5% broken    535-545           ↔
Argentina 5% broken 530-540           ↔

Long grain white rice - low quality

Thailand 25% broken 335-345           ↔
Vietnam 25% broken 355-365           ↔
Pakistan 25% broken 295-305           ↔
Cambodia 25% broken           400-410           ↔
India 25% broken       320-330           ↔
U.S. 15% broken         515-525           ↔

Long grain parboiled rice

Thailand parboiled 100% stxd            345-355           ↔
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%          700-710           ↔
Vietnam Jasmine         435-445           ↔
India basmati 2% broken        NQ      ↔
Pakistan basmati 2% broken   NQ      ↔
Cambodia Phka Mails             830-840           ↔

Brokens

Thailand A1 Super      325-335           ↔
Vietnam 100% broken            330-340           ↔
Pakistan 100% broken stxd    280-290           ↔
Cambodia A1 Super   355-365           ↔
India 100% broken stxd         280-290           ↔
Egypt medium grain brokens NQ      ↔
U.S. pet food 330-340           ↔
Brazil half grain          NQ      ↔
All prices USD per ton, FOB vessel, oryza.com

Oryza U.S. Rough Rice Recap - Prices Dip Amid Weak Demand

Dec 02, 2015

The U.S. cash market was weaker today falling in sympathy with the futures market however most farmers remain unfazed by lower prices, continuing to hold out until they are forced to sell by their banks or to make room for new crop.
Analysts note that there is not much news on the demand front other than the fact the U.S. will need more for prices to improve. Many in the industry are now hopeful that demand from either Venezuela, Colombia, Iran, and Iraq show up after the first of the year when supplies are tighter is South America.
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3rd December,2015 Daily Exclusive ORYZA E-Newsletter by Riceplus Magazine

China to Sign Deal to Purchase One Million Tons of White and Jasmine Rice from Thailand

Dec 02, 2015
China and Thailand will reportedly sign deals to purchase one million tons of white and jasmine rice, and 200,000 tons of rubber from Thailand, according to local sources. China will also reportedly sign a Memorandum of Understanding (MoU) with Thailand to build a 900-kilometer railway line from the Thai-Lao border to Bangkok.
The Thai Commerce Minister told reporters that rice and rubber deals would be signed on December 3 or 4. She noted that the sales would be based on the current market prices, and the deliveries are expected to finish by the end of next year.
The two sides are reportedly working out the details of the cost of the proposed railway project and the loan details. China has estimated the project cost at around 468 billion (around $13 billion) and has offered to finance the project at 2.5% interest. However, Thailand is understood to be estimating the project cost at around 369 billion (around $10.32 billion) and is seeking a loan at 2% interest.

Argentina Rice Exports More Than Double in First Eight Months of 2015

Dec 02, 2015
Argentina has exported around 899,299 tons of rice in the first eight months of 2015 (January - August), over twice more from around 431,897 tons exported during the same period in 2014, according to data from the Ministry of Agriculture in Argentina.  
In August 2015, Argentina exported around 325,001 tons of rice, up about 2.3 times from around 141,730 tons exported in July 2015 and 12 times more from around 26,849 tons exported in August 2014.
Argentina exported around 91,500 tons of rice to Iraq (about 28% of total August 2015 exports), around 59,497 tons of rice to Chile (about 18% of August 2015 exports), around 54,967 tons of rice to Brazil (about 17% of August 2015 exports), around 58,133 tons of rice to Cuba (about 18% of August 2015 exports), around 22,840 tons of rice to Bolivia (about 7% of August 2015 exports) and around 15,906 tons of rice to Senegal (about 5% of August 2015 exports) in August 2015.
It exported the remaining 7% or around 22,750 tons of rice to Belgium (2,125 tons), Canada (2,711 tons), Denmark (556 tons), the U.S. (3,931 tons), Israel (368 tons), Nicaragua (1,820 tons), Paraguay (248 tons), Algeria (3,997 tons), Costa Rica (4,200 tons), Honduras (650 tons), Italy (323 tons), New Zealand (58 tons), Netherlands (130 tons), U.K. (90 tons), Germany (185 tons), Peru (625 tons) and Ukraine (40 tons) during the month.

Asian Rice Quotes Remain Unchanged Today

Dec 02, 2015

Asian rice sellers have kept their quotes unchanged from yesterday.
5% Broken Rice
Thailand 5% rice is indicated at around $350 - $360 per ton about $20 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 $30 per ton premium on Pakistan 5% rice shown at around $320 - $330 per ton.
25% Broken Rice
Thailand 25% rice is indicated at around $335 - $345 per ton, about $20 per ton discount on Vietnam 25% rice shown at around $355- $365 per ton. India 25% rice is indicated at around $320 - $330 per ton, about $25 per ton premium on Pakistan 25% rice shown at around $295 - $305 per ton.
Parboiled Rice            
Thailand parboiled rice is indicated at around $345 - $355 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 $325 - $335 per ton, about $5 per ton discount to Vietnam 100% broken rice shown at around $330 - $340 per ton. India's 100% broken rice is shown at around $280 - $290 per ton, on par with Pakistan broken sortexed rice shown at around $280 - $290 per ton.

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Tumble to Multi-Month Low as Demand Remains Slack and as Crude Exerts Bearish Pressure on US Grains

Dec 03, 2015
Chicago rough rice futures for Jan delivery settled 32 cents per cwt (about $7 per ton) lower at $11.395 per cwt (about $251 per ton). The other grains finished the day with mixed results; Soybeans closed about 0.3% higher at $8.9225 per bushel; wheat finished about 0.9% lower at $4.6725 per bushel, and corn finished the day about 0.9% lower at $3.7025 per bushel.
U.S. stocks traded in a range Wednesday after a solid day of gains as investors eyed data and a speech by Fed Chair Janet Yellen. Stocks continued to trade mixed, while the U.S. dollar index spiked to hit its highest level since April 2003 after Yellen said in prepared remarks that the U.S. economy has come a long way, but the Fed's decision on rates could still be swayed by data before its December meeting. The Fed's beige book on the economy is due at 2 p.m. The U.S. dollar index traded near 100.1 after earlier touching a high of 100.51, topping the 100.39 high from March to briefly trade at levels not seen in more than 12 years.
The euro remained below $1.06, while the yen traded near 123.59 yen against the dollar as of 12:41 p.m. The Federal Open Market Committee meets Dec. 15 to 16 and could raise short-term interest rates for the first time in nearly a decade. Investors are also looking ahead to the European Central Bank's decision on monetary policy due Thursday morning ET.
Ahead of Friday's November jobs report, ADP data showed November private payrolls topped expectations at 217,000. Revised third-quarter productivity rose 2.2%, while unit labor costs rose 1.8%.In afternoon trade, the Dow Jones industrial average declined 44 points, or 0.25%, to 17,843. The S&P 500 traded down 8 points, or 0.4%, to 2,094, with energy leading nine sectors lower and information technology the only advancer. The Nasdaq composite traded up 6 points, or 0.12%, to 5,162. Gold is seen trading about 0.9% lower, crude oil is seen trading about 4.2% lower, and the U.S. dollar is seen trading about 0.3% higher at about  1:00pm Chicago time.
Tuesday, there were 1,591 contracts traded, down from 2,450 contracts traded on Monday. Open interest – the number of contracts outstanding – on Tuesday increased by 311 contracts to 12,980.

South Korea Seeks to Buy 55,555 Tons of U.S. Brown Rice in Tenders

Dec 02, 2015
South Korea Seeks to Buy 55,555 Tons of U.S. Brown Rice in Tenders
South Korea's state run Agro Fisheries & Food Trade Corporation (KAFTC) is seeking to buy about 55,555 tons of U.S. brown rice in tenders for delivery between March 31, 2016 and April 30, 2016, according to a statement on its website.
The details of the tonnage and volume of the rice sought:
Registration of tenders will close at 4.00 p.m on December 8, 2015. Electronic bidding will take place on December 9, 2015 between 10:00 and 11:30 a.m.

Oryza U.S. Rough Rice Recap - Softer Prices Seem Amid Insufficient Export Demand

Dec 03, 2015

The U.S. cash market was materially weaker falling again with today’s selloff in the futures market amid a lack of sufficient export demand.
Analysts note that drop in cash prices has done little to faze farmers who are still holding out for higher prices as those who were planning on selling in 2015 have likely already done so.
Analysts do not expect tomorrow’s export sales to show any significant increase in demand.

India Rice Procurement Increases Sharply in First Two Months of KMS 2015-16 Despite Likely Low Output, Say Food Ministry Officials

Dec 02, 2015

Rice procurement, by the Food Corporation of India (FCI) and state government agencies, for the kharif marketing season (KMS) 2015-16 (October - September), which began on October 1, 2015 has increased significantly in the first two months compared to last year, according to the Financial Express.
The FCI and the government agencies together have procured around 14.06 million tons of rice as of December 1, 2015, up about 31% from around 10.7 million tons procured during the same period last year.
Procurement has been reasonably good despite a likely lower output this year due to below-average monsoon rains, according to some Food Ministry officials. They attributed the higher procurement to a decline in prices of common variety of rice in various markets across the country. “The farmers prefer to sell their grain to agencies rather than giving it the private traders in Punjab and Haryana,” they were quoted.
In Punjab, which contributes the highest volume of rice and wheat to the central pool, the FCI and the state agencies have procured around 9.3 million tons of rice (milled equivalent of paddy) so far, compared to around 7.7 million tons procured last year. Agencies have procured around 2.8 million tons of rice (milled equivalent of paddy) in Haryana compared to around 2.3 million tons last year. They reportedly procured 380,000 tons, 490,000 tons and 76,933 tons from Uttar Pradesh, Telangana and Kerala respectively. While procurement just began in Chhattisgarh, it is yet to begin in the states of Odisha, West Bengal and Assam.
The government of India fixed the minimum support price (MSP) of common variety of paddy at around $1,410 per quintal (around $213 per ton) and that of Grade A paddy at $1,450 per quintal (around $219 per ton) for the 2015-16 kharif season.
Based on the pace of procurement, the Food Ministry officials expressed confidence that the government may surpass the target of 30 million tons for KMS 2015-16. The FCI and government agencies procured 32 million tons of rice in KMS 2014-15.

Brazil Exports 979,215 Tons of Rice in First Ten Months of 2015

Dec 02, 2015
Brazil has exported around 979,215 tons of rice in the first ten months (January – October) of 2015, according to data released by the Rice Institute of Rio Grande do Sul (IRGA).In October 2015, Brazil exported around 126,973 tons of rice, down about 5% from around 133,130 tons exported in September 2015.Cuba remained the largest importer of Brazilian rice in October 2015 with around 42,647 tons, or about 33% of Brazil's total rice exports during the month. Nicaragua accounted for around 20,809 tons (about 16% of Brazil's total exports during the month); Sierra Leone accounted for around 17,185 tons (about 13.5% of Brazil's total exports during the month); and Peru accounted for 13,824 tons (about 11% of Brazil's total exports during the month).Costa Rica (8,678 tons), Benin (4,346 tons), Bolivia (4,023 tons), South Africa (2,830 tons), U.S. (3,250 tons), Trinidad Tobago (770 tons), Angola (2,019 tons), Chile (1,220 tons), Cape Verde (1,253 tons), Panama (510 tons), Holland (403 tons), Saudi Arabia (438 tons),  and others (2,768 tons) accounted for the remaining 26.5% of Brazil's total rice exports in October 2015. 

Brazil exported around 1.24 million tons of rice in 2014, up about 2.4% from around 1.209 million tons exported in 2013, according to data from IRGA.

3rd December 2015 Daily GlobalRegional Local Rice E-Newsletter by riceplus Magazine Latest Rice News Updates

Rice News Headlines...
ü  Deal to sell rice, rubber to China
ü  Govt to construct 3442 godowns in 3 years for paddy
ü  Shreyas rice may substitute Uma in State
ü  Senate wants restoration of ban on rice importation
ü  Louisiana rice farmers see high second crop yields
ü  Highway Bill Promises Reversal of Crop Insurance Cuts   
ü  Weekly Rice Sales, Exports Reported 
ü  CME Group/Closing Rough Rice Futures 
ü  APEDA Commodity News
ü  CRRI - Vacancies for Senior Research Fellow & Agricultural Field Operator
ü  Sub-Saharan Africa Trade Mission Supports Arkansas Agriculture
ü  Rice farmers must produce quality rice – GRIB
ü  Senate Asks FG to Reverse Lifting of Ban on Rice Importation
ü  Rice output up by 7%, export up by 10%
ü  Rice production up by 7 percent, export 10 percent
ü  Nagpur Foodgrain Prices Open-Dec 03
ü  Arkansas Farm Bureau Daily Commodity Report
ü  Rice procurement sees increase of over 31%

News Detail...
Deal to sell rice, rubber to China
The Nation December 3, 2015 5:30 pm

Representing Thailand in the train MoU signing ceremony was Transport Minister Arkhom Termpittayapaisith.
Thailand and China today signed a memorandum of understanding on agricultural products, which involves the sale of rice and rubber to Chinese companies.

The MoU for agricultural crops was signed on the same day that the Transport Ministry and China signed an MoU to confirm their commitment in a joint train project from Bangkok to Nong Khai. Representing Thailand in the signing ceremony was Transport Minister Arkhom Termpittayapaisith.On December 19, there will be the foundation laying stone ceremony for the train project’s control centre. Under the agricultural MoU, the Commerce Ministry will sell 1 million tonnes of newly-harvested rice to China. Commerce Minister Apiradi Tantraporn said the rice would be sold to COFCO, or China National Cereals, Oils and Foodstuffs Corporation - one of China’s state-owned food processing holding companies. In a statement, the Commerce Ministry also said that the Agriculture and Agricultural Cooperatives Ministry will sell 200,000 tonnes of rubber to Sinochem, a Chinese conglomerate primarily engaged in the production and trading of chemicals and fertilizer and exploration and production of oil.
Since the coup in 2014, Thailand has clinched government-to-government rice deals with China, Indonesia and the Philippines, the Commerce Ministry said. Including the new deal signed today, G-to-G rice deals with China involved 3.4 million tonnes of rice, valued totally Bt50 billion. Apiradi also said the Thai government also plans to strike similar deals with countries in Africa and the Middle.She explained that under the new MoU signed today, Thailand will deliver 100,000 tonnes of rice per month at the price that will be in line with global levels at the time of delivery. "The signing sends a positive signal that China is interested in buying more rice from the Thai government," Apiradi said.Under a deal signed by the previous government, the Thai government has delivered 80 per cent of 1 million tonnes to China. Delivery under the new deal is expected to start early 2016. 

Apiradi added that the Commerce Ministry’s team and COFCO would discuss details of the deal tomorro
http://www.nationmultimedia.com/opinion/Deal-to-sell-rice-rubber-to-China-30274255.html

Govt to construct 3442 godowns in 3 years for paddy
TNN | Dec 3, 2015, 02.02 AM IST
BHUBANESWAR: The state government has proposed to construct 3,442 godowns in the coming three years to facilitate storage of paddy, seeds and fertilizers. This information was given by cooperation minister Damodar Rout on Wednesday in the state assembly."Construction of these proposed godowns - with capacities between 100 and 300 metric tonnes - will be taken up by Markfed, Odisha Warehousing Construction Corporation, Primary Agricultural Credit Societies (PACS) and Regulated Market Committee (RMC)," Rout said in question hour, replying to a question asked by Cuttack-Choudwar MLA Prabhat Biswal.MLAs cutting across party lines, including Samir Dash, Prafulla Majhi and Mahesh Sahu, expressed their displeasure over lack of storage facilities for agriculture products in the state.

For finalization of locations and proper construction of the godowns, the state panchayati raj department would be the executing agency. "There will be a joint review meeting between the cooperation and panchayati raj department very soon. Construction of all these godowns will be completed by March, 2018," the minister said.A maximum of 280 godowns will be constructed in Balangir districts followed by 235 godowns in Kendrapada, 210 in Cuttack, 203 in Balasore, 167 in Angul and 165 in Jagatsinghpur. However, the state government proposed only three godowns for Kandhamal district.

http://timesofindia.indiatimes.com/city/bhubaneswar/Govt-to-construct-3442-godowns-in-3-years-for-paddy/articleshow/50019195.cms

Shreyas rice may substitute Uma in State
Updated: December 3, 2015 05:46 IST
Shreyas, a new variety of rice developed by the Rice Research Station, Moncompu, Alappuzha, is set to be a game changer in the paddy fields of Kerala. The variety has proved its worth in terms of yield, taste and resistance to pests during the demonstration stage of the seed.The new variety, to be commissioned on December 5, has several advantages in comparison to Uma variety, the popular one being cultivated in about 90 per cent of the paddy fields in Kuttanad and over 60 per cent of fields across Kerala, S. Leenakumary, Professor and Head of the Station, told The Hindu . Uma was the 16th variety in the series of new paddy seeds developed at the station. Shreyas is the 22nd in the series developed under the all-India coordinated research project of the Indian Council of Agricultural Research.

Shreyas has given the same yield as that of Uma; the former has been found to be less susceptible to ‘false smut disease’, which results in discolouration and up to 20 per cent damage to the crop. Uma yields 8 to 9 tonnes of paddy per hectare. The sensory assessment of the new variety has also established that it tastes better, Ms. Leenakumary said. Yet another advantage is that Shreyas takes shorter duration for harvesting. It takes only 115 days for harvest whereas Uma takes 120-130 days.The State Variety Release Committee, chaired by Agricultural Production Commissioner, has approved the commissioning of the new variety. The frontline demonstration done by farmers in selected areas of Kuttanad has been found successful. Shreyas could be adopted by large number of farmers within the next two to three crop seasons.A few of the selected farmers will be given 1 kg each of the seed on December 5 as part of the official commissioning. Each of the farmers could raise about 100 kg of seeds for distribution to other farmers after harvesting.

Earlier, the research station had developed several varieties such as Gowri and Prathyasa. The Prathyasa variety has a harvest period shorter by 20 days but the yield is also lesser in comparison to Uma in Kuttanad. The yield has found to be varying in certain geographical areas.Continuous cultivation of the same variety in a particular geographical area is not a sound practice as the incidence of diseases will be higher. Diversity is promoted as a means to improve harvest.

The variety has proved its worth in terms of yield, taste and resistance to pests.
http://www.thehindu.com/news/national/kerala/shreyas-rice-may-substitute-uma-in-state/article7943594.ece

Senate wants restoration of ban on rice importation
By Azimazi Momoh Jimoh, Abuja on December 3, 2015 3:40 am

customs-seizes-rice. PHOTO:www.informationng.com

The Senate yesterday decried the lifting of ban placed on rice importation and urged the Presidency to prevail on the Nigeria Customs Service (NCS) to immediately restore it.According to the Senate, the lifting of the ban on rice importation has led to increased diversion of vessels to neighbouring countries.Adopting the report of the Ad-hoc Committee on Import Duty Waivers, Concessions and Grants which investigated the lifting of the ban on rice importation through the land borders, the Senate expressed concern that the decision would increase rice smuggling into the country.

It therefore urged the Federal Government to direct the Nigeria Customs Service to reverse itself and maintain the status quo, which was said to have brought about stability in the tariff regime.Presenting the report of the committee, a member of the panel, Senator Donald Alasoadura (APC, Ondo Central), faulted the decision of the NCS, saying there are serious security implications accompanying uncontrolled number of trucks to the nation’s porous borders.

He said the committee found out from the presentation of the Comptroller-General of Customs, Col. Hameed Ali (rtd), that the NCS had a wrong notion that importers of rice through the land borders are ‘small-time’ importers of a few bags that will not have negative effect on the rice policy.The committee, he said, noted that most of the rice brought into Nigeria through Benin and Niger Republics are brought in by ‘big time businessmen’ who have perfected evasion of payment of customs duty to the country by bringing rice in trucks.

The panel found out that any importer that imports five to ten loads/vessels of rice into Benin Republic and destined them to Nigeria through the land borders already had predetermined motive to cheat Nigerian government of revenue through duty evasion.The panel discovered further that lifting of the ban led to more serious revenue leakages as a result of heightened activities of smugglers across the borders as they exploited it by paying for less number of trucks than actually brought in.

According to the ad-hoc panel, the action of the Customs led to evasion of duty and revenue losses to Nigerian maritime industry, Nigeria Ports Authority (NPA), Nigeria Maritime and Security Administration Agency (NIMASA), Freight Forwarders, haulage subsector, among others.Alasoadura said: “There is strong possibility for dubious businessmen to indulge in round tripping. That is, paying duty on three or four truck loads of rice and using the clearing document to bring in more than 100 more truck loads. This will inevitably affect the revenue going into the Federation Account.

 

Louisiana rice farmers see high second crop yields

ADVOCATE STORY
Dec. 3, 2015; 7:09 p.m.

South Louisiana rice farmers are reporting excellent yields from their second crop harvest
“Most everybody I’ve talked to is very pleased with the second-crop yields,” said Steve Linscombe, director of the LSU AgCenter H. Rouse Caffey Rice Research Station. “Numerous producers say this is by far their best second crop from the standpoint of yield, and the quality is good, too.”Linscombe said quality of the second crop is typically lower. But this year, the percentage of fields used to grow a second crop appeared to be higher, and Linscombe said the stubble left from the first crop in most fields appeared to have been manipulated by mowing or rolling to boost yields.Farmers growing a second crop were more likely to fertilize and flood their fields as soon as the first crop was cut.

 In the past, many farmers have delayed flooding and applying fertilizer until they see regrowth, he said.Linscombe said the per acre average would probably fall in the low- to mid-20-barrel range on a weight basis, although he heard of many who cut more than 30 barrels an acre. “I even heard of a few 40-plus in the second crop,” he said.Farmer Darrell Hoffpauir, of Acadia Parish, said he grew a second crop on 90 percent of his first-crop acreage and rolled all of the stubble, resulting in 21,000 barrels for the second crop, half as much as the first-crop yield.

Highway Bill Promises Reversal of Crop Insurance Cuts   
 
Rep. Mike Conaway receiving a Friend of the Rice Industry award from Texas rice farmer Daniel Berglund 

WASHINGTON, DC -- On Tuesday, language was released by the House and Senate conference committee for the final version of the Highway Bill that would officially repeal cuts to federal crop insurance.Last month, the Bipartisan Budget Act of 2015, was passed through the House and Senate with the understanding that a provision significantly cutting funding for federal crop insurance would be fully reversed and that cuts would not be taken from elsewhere within agriculture's appropriations.  This afternoon the Highway Bill overwhelmingly passed the House; the Senate is expected to consider the bill tonight or early tomorrow.

House Agriculture Committee Chairman Mike Conaway (R-TX) was the champion for the provision's reversal and helped ensure the language correcting the cuts was safely placed into the final version of the bill.USA Rice Vice President of Government Affairs Ben Mosely said, "We're glad to see that Congress is making good on their commitment to restore full funding to crop insurance as the Farm Bill intended."  Mosely added, "USA Rice is hopeful that the six-year Highway Bill will be passed soon by Congress and it doesn't run into any more roadblocks before it's signed into law."USA Rice opposes measures that would prematurely reopen Farm Bill programs.

Contact:  Peter Bachmann (703) 236-1475

Weekly Rice Sales, Exports Reported  
WASHINGTON, DC -- Net rice sales of 53,700 MT for 2015/2016 were up 59 percent from the previous week and 11 percent from the prior four-week average, according to today's Export Sales Highlights report.  Increases were reported for Japan (24,000 MT), Haiti (19,000 MT), Guatemala (5,000 MT), New Guinea (2,000 MT), and Taiwan (1,800 MT).  Reductions were reported for Colombia (2,200 MT).  Exports of 54,300 MT, up 95 percent from the previous week, but unchanged from the prior four-week average, were reported to Mexico (13,200 MT), Japan (12,100 MT), Haiti (12,000 MT), Colombia (9,300 MT), and Canada (2,100 MT).

This summary is based on reports from exporters from the period November 20-26, 2015.



CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for December 3
Month
Price
Net Change

January 2016
$11.235
- $0.160
March 2016
$11.505
- $0.150
May 2016
$11.800
- $0.150  
July 2016
$12.075
- $0.140
September 2016
$12.015
- $0.055
November 2016
$12.030
- $0.055
January 2017
12.030
- $0.055
APEDA Commodity News
Price on: 03-12-2015
Product
Benchmark Indicators Name
Price
Rice
1
Pakistani 100%, FOB Karachi (USD/t)
318
2
Pakistani 15% Broken (USD/t)
305
3
Pakistani 25% Broken (USD/t)
383
Honey
1
Argentine 85mm, CIF NW Europe (USD/t)
2860
2
Argentine 50mm, CIF NW Europe (USD/t)
2970
3
Argentine 34mm, CIF NW Europe (USD/t)
3080
Guar Gum Powder
1
Indian 100 mesh 3500 cps, FOB Kandla (USD/t)
3830
2
Indian 200 mesh 3500 cps basis, FOB Kandla (USD/t)
1250
3
Indian 200 mesh 5000 cps, FOB Kandla (USD/t)
2350
Source:agra-net
For more info
Market Watch
Commodity-wise, Market-wise Daily Price on 02-12-2015
Domestic Prices
Unit Price : Rs per Qty
Product
Market Center
Variety
Min Price
Max Price
Rice
1
Manjeri (Kerala)
Other
2800
3800
2
Dhekiajuli (Assam)
Fine
2200
2600
3
Samsi (West Bengal)
Fine 
2790
2820
Wheat
1
Gangavathi (Karnataka)
Local
1700
1750
2
Rajkot (Gujarat)
Other
1725
2215
3
Katol (Maharashtra)
Other
1512
1557
Papaya
1
Aroor (Kerala)
Other
2200
2400
2
Muktsar (Punjab)
Other
1200
1500
3
Solan (Himachal Pradesh)
Other
2500
3000
Brinjal
1
Palayam (Kerala)
Other
2500
2900
2
Nagpur (Maharashtra)
Other
800
1200
3
Koraput (Orissa)
Other
1200
1400
For more info
Egg
Rs per 100 No
Price on 03-12-2015
Product
Market Center
Price
1
Ahmedabad
404
2
Chittoor
378
3
Nagapur
375
Source: e2necc.com
Other International Prices
Unit Price : US$ per package
Price on 03-12-2015
Product
Market Center
Origin
Variety
Low
High
Potatoes
Package: 50 lb cartons
1
Atlanta
Colorado
Russet
15
17
2
Chicago
Idaho
Russet
13
14.50
3
Miami
Idaho
Russet
16.50
18
Cabbage
Package: 50 lb sacks
1
Atlanta
Georgia
Round Green Type
10
11.50
2
Dallas
Mexico
Round Green Type
10
12
3
New York
Canada
Round Green Type
10
11
Grapes
Package: 18 lb containers bagged
1
Atlanta
Peru
Red Globe
24
27
2
Dallas
California
Red Globe
25
25
3
Philadelphia
Peru
Red Globe
18
20
Source:USDA


CRRI - Vacancies for Senior Research Fellow & Agricultural Field Operator

 03 December 2015

The National Rice Research Institute is situated near Bidyadharpur village on the Cuttack-Paradip Road, Odisha, India. It is one of the premier national research institutes under the Indian Council of Agricultural Research.CRRI has invited candidates for the Senior Research Fellow & Agricultural Field Operator. The details of these vacancies are as follows :

Post                             No. of vacancies           Remuneration   
                                                                         (in Rs. per month)
Senior Research Fellow          01                 25,000/- + 20% HRA         
Agri. Field officer                     03                            8,500/-
Maximum age limit (as on 01-08-2015) : 
For senior research fellow :   
Male : 35
Female : 40
For Agricultural field officer : Minimum age should be 18 years.
Essential qualifications : To check the essential qualification required for each of the above post, refer to the official notification. 
Method of selection : Selection of the candidate will be done on the basis of Personal Interview.
How to apply : Candidate can apply for this post by appearing to the walk in interview at
ICAR-National rice research institute.
Cuttack - 753006
Odisha
Date of walk in Interview : 
for Senior Research Fellow : On 15th December, 2015 at 10AM  
Agricultural Field officer : On 16h December, 2015 at 10AM
For further details, refer to the official notification,


Sub-Saharan Africa Trade Mission Supports Arkansas Agriculture

Photo Courtesy Arkansas Agriculture Department Arkansas Deputy Secretary of State Joseph Wood, left, is seen with Arkansas World Trade Center Director of Africa Trade Denise Thomas, USDA Deputy Secretary Krysta Harden, Arkansas Agriculture Secretary Wes Ward, USDA Deputy Secretary Chief of Staff Ashley Nicole Johnson, and Arkansas Secretary of State Mark Martin during an agricultural trade mission to Ghana in November.
image

By John Lovett
Times Record • jlovett@swtimes.com
Sub-Saharan Africa, with its high population and growing middle class, has been a focus for Arkansas marketing matchmakers lately.Several Arkansas officials returned Nov. 20 from a five-day agricultural trade mission to Ghana led by U.S. Department of Agriculture Deputy Secretary Krysta Harden.While chicken, rice and fish are at the top of the list for “Arkansas grown” items, others include forest products, dairy and distilled spirits, according to anArkansas Agriculture Department news release.“We represent the state as a whole and work to find the best fit to bring companies together,” said Denise Thomas, director of Africa Trade Public Relations and Marketing for Arkansas World Trade Center.Sub-Saharan Africa is one of the fastest growing areas for U.S. agricultural exports, which have grown by more than 50 percent over the last decade to a total of $2.3 billion in 2014, the release adds. The outlook is positive for expanded export opportunities in Ghana and the Sub-Saharan Africa region. In 2014, the USDA reports that Sub-Saharan Africa imported an estimated $48.5 billion in food and agricultural products.

As of 2014, the top Sub-Saharan Africa markets for U.S. agricultural and related products include Nigeria, Angola, South Africa, Ghana, Ethiopia, and Kenya. Thomas points out that each of the African countries has a different “nuance” of education, government, natural resources, but all of them want food.Development of a market in Africa for Arkansas wine has also been on the agenda. African brewers, however, say “theirs is better” than any other craft beer, Thomas added.Thomas explained that even if a company in Arkansas has a global presence, it may not have a dedicated trade ambassador to certain African countries.Looking at photographs of the African continent from the International Space Station, Thomas said, a viewer will see a “halo” of lights around most of Sub-Saharan Africa.

 But that is changing as more infrastructure inland is improved. Countries with safe and secure ports are helping those inland become developed, she added. The sea ports at Ghana, she said, are more desirable than others in Africa for their improved security features.Thomas joined Arkansas’ Secretary of Agriculture Wes Ward, Secretary of State Mark Martin and Deputy Secretary of State Joseph Wood on the November trip with representatives from Tyson Foods, the USA Rice Federation and the American Soybean Association. In all, five state departments of agriculture and 26 agribusinesses and organizations throughout the United States accompanied Harden on the trade mission.Gov. Asa Hutchinson was on a trade mission to China, Japan and other Asian nations at the time of this delegation’s Africa trip. Thomas said not all states have governors who are as “internationally business minded” as Hutchinson, particularly when it comes to agriculture.

“Arkansas exports approximately 30 percent of our state’s agricultural products each year and is consistently ranked in the top 10 in the nation for exports of several commodities,” Ward explained in a news release.Relationships and face-to-face visits are an important aspect of agricultural trade, Ward added. The USDA-led agricultural trade missions assist the Arkansas Agriculture Department in building relationships with global partners and expanding opportunities for Arkansas farmers and ranchers, Ward added.“The potential for development in Sub-Saharan Africa is huge,” Martin said in the release. “Arkansas agribusiness has a lot to offer and establishing a relationship with this region will be mutually beneficial to our economy and theirs. Good friends make good trading partners.”

http://swtimes.com/business/sub-saharan-africa-trade-mission-supports-arkansas-agriculture?utm_source=USA+Rice+Daily%2C+December+3%2C+2015&utm_campaign=Friday%2C+December+13%2C+2013&utm_medium=email#sthash.nQfyWfhp.dpuf

Rice farmers must produce quality rice – GRIB

The Ghana Rice Inter-Professional Body (GRIB) has charged farmers to produce good quality paddy-rice in line with efforts to promote locally produced rice.In an interview with the B&FT, Imoro Amoro -- GRIB President, bemoaned missed opportunities in the rice sector due to inaccurate consumer perceptions about local rice, adding that farmers can do more to dismiss such thoughts from the minds of consumers.“We should disabuse our minds from the perception that the rice produced in Ghana is of inferior quality. The most important thing that farmers can do is produce quality paddy-rice. We are producing for the market, and because of globalisation we can never close our eyes to the impact of the external world on our market. So, to be able to compete with others in the market and eliminate the idea local rice is inferior, we need to produce good quality rice that meets the expectation of consumers,” he said.

He further stated that his outfit is engaged in training farmers on how to use modern tools and methods of production to boost output in the sector.“We are training the farmers with a system known as rice intensification -- a system based on transplanting instead of the traditional broadcasting method, whereby one seed can grow so much rice and the paddy also comes out clean and of very high quality. So this is what we are doing to improve the quality of the local rice,” Mr. Amoro said.On his part, Harold Ntorinkansah -- GRIB Chairman, said access to funds must be eased for farmers to enable them tap the full potential that exists in the rice sector.He decried how the Export Trade, Agriculture and Industrial Fund (EDAIF), which is supposed to address some of these challenges, has not been able to do so because of the mechanism under which the fund operates.

There is a lot of money at EDAIF, but farmers are not able to access it because the funds can only be accessed through a bank. And as you know, financial institutions are also private firms that are in for profit. So if you ask farmers to go to financial institutions for funds, they will be crowded out by high interest rates.

“So for me, I feel the best way to go about this is to create a direct access where they would not have to go through all those processes before they get the funds. Hence, an association like GRIB can stand in for farmers and guarantee for them, so that they can access the funds directly from us without necessarily having to go through a bank,” he said.

Statistics show that rice consumption in the country is estimated at 770,000 metric tonnes per year, with an estimated US$500million spent on imports yearly. Anecdotal evidence suggests Ghanaian urban consumers are willing to pay 113 percent premium for imported rice.

http://www.ghanaweb.com/GhanaHomePage/business/Rice-farmers-must-produce-quality-rice-GRIB-398248

 

 

Senate Asks FG to Reverse Lifting of Ban on Rice Importation
03 Dec 2015

Senate chambers
Corruption is Enemy of Progress and Development, Says ICPC Chairman.
Omololu Ogunmade in Abuja ̢۬

The Senate on Wednesday asked the federal government to direct the Nigeria Customs Service (NCS) to suspend the recent lifting of ban on importation of rice into the country through land borders.The resolution followed the presentation of Senate ad-hoc Committee on Import Duty Waivers, Concessions and Grants on the Nigeria Customs Service lifting of the ban on rice importation through the land borders.

The Senate had at its sitting on October 15, 2015, deliberated on a motion on dangers posed by the removal of rice from import restriction list as well as the re-introduction of import duty payment at land borders.The committee, while presenting the report to the Senate, said there was an existing national rice policy which commenced in May, 2014 and will subsist till 2017.While presenting the report on behalf of the committee, Senator Tayo Alasoadura (Ondo Central), said the existing rice policy was recommended by the Inter-ministerial Committee comprising Ministries of Agriculture; Finance, Industry; Trade and Investments, Rice Millers and Rice Traders.
According to the report, the meeting which was convened following the instruction of former President Goodluck Jonathan, resolved that all rice import should come through the seaports for effective control and collection of duties and appropriate levies.The report further said the decision to unilaterally lift the ban on importation of rice through land borders would have an adverse effect on the gains of rice policy adding that the situation violated the collective decision taken by the ministries and stakeholders.The committee further observed that the positive government policies on rice since 2011 had led to the increase in the number of rice mills across the country.It added that NCS failed to convince the committee about its ability to monitor the porous borders, which he said created doubt about the capacity of NCS to effectively police the nation’s borders.Alasoadura also reported that if the NCS had done its work well, some prohibited and contra banned goods including frozen chicken would not have flooded Nigerian markets as it is the case now.

He said lifting the ban would lead to evasion of custom duty and revenue losses for Nigerian maritime agencies such as Nigeria Ports Authority (NPA), Nigeria Maritime and Administration Agency (NIMASA), NARTO, Freight Forwarders and the haulage sub-sector.The committee further observed that lifting of the ban would lead to diversion of vessels to neighbouring countries, observing that 5 per cent import levy being charged on rice by these countries was enough inducement, which he said if not checked, would lead to vessels deserting Nigerian ports and consequent unemployment.
Moreover, the committee reasoned that quality control of imported rice through the land borders would be impossible because regulatory authorities such as National Agency for Food and Drug Administration and Control (NAFDAC), Plant Quarantine Service (PQS) and Standard Organisation of Nigeria (SON), hardly operated at full capacity at the border stations.Given the situation at the borders, the committee expressed concern that sub-standard rice would flood the country and endanger citizens’ lives.

The committee noted that rice policy as rolled out by the Federal Ministry of Finance in 2014 should have disallowed importation of milled parboiled rice by rice millers at 30 per cent and recommended that traders or importers should continue to import and pay import duty of 70 per cent.This, it said, would make it possible to channel all rice importation through the nation’s seaports.In his remark, Senate President Bukola Saraki said the committee’s recommendations should be taken seriously and adequately implemented, noting that rice importation is depleting the nation’s revenue and as well worsening the rate of unemployment in the country.
Tags: NewsNigeriaFeatured

http://www.thisdaylive.com/articles/senate-asks-fg-to-reverse-lifting-of-ban-on-rice-importation/226976/


Rice output up by 7%, export up by 10%

Georgetown, GINA, December 2, 2015
General Manager of the Guyana Rice Development Board (GRDB) Nizam Hassan is reporting a production growth of 7 percent, and an export growth of 10 percent at the end of November. According to Hassan, rice production, up to the end of November was 681, 517 metric tonnes. This is a 7 percent increase or 46, 279 metric tonnes over the whole of 2014 production of 635, 235 metric tonnes.“This reflects favourably, and this is because of the approaches that our farmers and all the other stakeholders have put into the industry to have the industry deliver,” Hassan told the Government Information Agency (GINA).

Exports
Notwithstanding the loss of the Venezuelan market under the Petrocaribe Rice Trade Agreement,
Hassan also reported that at the end of November, rice export stood at 497, 176 metric tonnes, a 10 percent increase,  compared to 451,422 tonnes for the same period in 2014. The GRDB is optimistic that the industry will surpass last year’s export figure. Exports reached an all-time high of 501,208 metric tonnes in 2014. “We expect that it will be in the double digits, but let’s see what would happen at the end of December.  So far, given all the contracts that we have on board at the end of October there was almost 200,000 metric tonnes of rice contracts that were committed to by the private millers,  and thus we are seeing that exports are going, so we expect to surpass that figure in 2014,” he said.

Markets
In light of the industry’s performance this year, pressure continues to mount to find new markets. According to Hassan, the Government is committed to assisting the farmers to find markets, and is currently working to tie up the Mexico market.“We have had two conference calls, one with the private sector officials in Mexico, which is theMexican Rice Council and also the public sector agency, which is an agency in Mexico that does imports,” he said. Government is in discussion with both parties. “The conference calls are favourably received, Guyana has supplied the phyto-sanitary information that was required by Mexico, and we have indicated to Mexico that we want to accelerate that process, and thus we are going through that process of establishing the necessary protocols with Mexico with respect to the phyto-sanitary arrangements,” he explained.

After the Venezuela market fell through in June, the millers along with the Government accelerated talks with other potential buyers for Guyana’s rice. “There are a lot of discussions that have been happening because of the interest from overseas for our rice,” Hassan told GINA.        Following the fall out of the Venezuela market, more of Guyana’s rice and paddy is being exported now. Guyana also has an on-going contract with Panama. According to Hassan, the Panamanians have bought two sets of rice from Guyana for 2015, and December is expected to see the conclusion of another set of contracts for the supply of rice to that country.

Prime Minister Moses Nagamootoo, whilst attending the Open Governance Summit in Mexico City in October, met with that country’s Agriculture Minister Jose Calzada, during which a commitment was made to buy some of the country’s paddy.The new administration has prioritised assisting farmers to find alternative international markets, in light of the country’s continued production boom, and in the midst of the loss of a major market in Venezuela.Guyana’s production in the first half of 2015 was 359,960 tonnes, 15.3 percent more than last year's record high, first-half production of 312,283 tonnes.

http://guyana.hoop.la/topic/rice-output-up-by-7-export-up-by-10


Rice production up by 7 percent, export 10 percent

Georgetown, GINA, December 2, 2015

General Manager of the Guyana Rice Development Board (GRDB) Nizam Hassan is reporting a production growth of 7 percent, and an export growth of 10 percent at the end of November.
According to Hassan, rice production, up to the end of November was 681, 517 metric tonnes. This is a 7 percent increase or 46, 279 metric tonnes over the whole of 2014 production of 635, 235 metric tonnes.“This reflects favourably, and this is because of the approaches that our farmers and all the other stakeholders have put into the industry to have the industry deliver,” Hassan told the Government Information Agency (GINA).

 Exports

Notwithstanding the loss of the Venezuelan market under the Petrocaribe Rice Trade Agreement, Hassan also reported that at the end of November, rice export stood at 497, 176 metric tonnes, a 10 percent increase,  compared to 451,422 tonnes for the same period in 2014.The GRDB is optimistic that the industry will surpass last year’s export figure. Exports reached an all-time high of 501,208 metric tonnes in 2014. “We expect that it will be in the double digits, but let’s see what would happen at the end of December.  So far, given all the contracts that we have on board at the end of October there was almost 200,000 metric tonnes of rice contracts that were committed to by the private millers,  and thus we are seeing that exports are going, so we expect to surpass that figure in 2014,” he said.

 Markets

In light of the industry’s performance this year, pressure continues to mount to find new markets. According to Hassan, the Government is committed to assisting the farmers to find markets, and is currently working to tie up the Mexico market.We have had two conference calls, one with the private sector officials in Mexico, which is the Mexican Rice Council and also the public sector agency, which is an agency in Mexico that does imports,” he said.

Government is in discussion with both parties. “The conference calls are favourably received, Guyana has supplied the phyto-sanitary information that was required by Mexico, and we have indicated to Mexico that we want to accelerate that process, and thus we are going through that process of establishing the necessary protocols with Mexico with respect to the phyto-sanitary arrangements,” he explained. After the Venezuela market fell through in June, the millers along with the Government accelerated talks with other potential buyers for Guyana’s rice. “There are a lot of discussions that have been happening because of the interest from overseas for our rice,” Hassan told GINA. Following the fall out of the Venezuela market, more of Guyana’s rice and paddy is being exported now. Guyana also has an on-going contract with Panama.

According to Hassan, the Panamanians have bought two sets of rice from Guyana for 2015, and December is expected to see the conclusion of another set of contracts for the supply of rice to that country.rime Minister Moses Nagamootoo, whilst attending the Open Governance Summit in Mexico City in October, met with that country’s Agriculture Minister Jose Calzada, during which a commitment was made to buy some of the country’s paddy.The new administration has prioritised assisting farmers to find alternative international markets, in light of the country’s continued production boom, and in the midst of the loss of a major market in Venezuela.Guyana’s production in the first half of 2015 was 359,960 tonnes, 15.3 percent more than last year's record high, first-half production of 312,283 tonnes.


Nagpur Foodgrain Prices Open-Dec 03

Thu Dec 3, 2015 2:16pm IST
Nagpur, Dec 3 Gram prices reported strong in Nagpur Agriculture Produce and
Marketing Committee (APMC) here on increased demand from local millers amid thin supply from producing regionss. Healthy hike in Madhya Pradesh gram prices and reported demand from South-based millers also helped to push up prices, according to sources.

               *            *              *              *

    FOODGRAINS & PULSES
    GRAM
   * Gram varieties ruled steady open market here but demand was poor.

     TUAR
   * Tuar Gavarani moved down in open market on poor demand from local traders amid high
     moisture content arrival.

   * Rice Basmati recovered further in open market on good demand from local traders
     amid weak overseas arrival.
                                                                                                
   * In Akola, Tuar - 10,000-10,300, Tuar dal - 15,800-16,200, Udid -
     13,400-13,800, Udid Mogar (clean) - 16,800-17,500, Moong -
     9,700-9,900, Moong Mogar (clean) 11,000-11,400, Gram - 4,200-4,300,
     Gram Super best bold - 6,100-6,300 for 100 kg.

   * Wheat, other varieties of rice and other commodities remained steady in open market
     in weak trading activity.
      
 Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg

     FOODGRAINS                 Available prices     Previous close  
     Gram Auction                4,200-4,900         4,110-4,900
     Gram Pink Auction            n.a.           2,100-2,600
     Tuar Auction                n.a.                7,000-8,000
     Moong Auction                n.a.                6,000-6,400
     Udid Auction                n.a.           4,300-4,500
     Masoor Auction                n.a.              2,600-2,800
     Gram Super Best Bold            6,600-6,800        6,600-6,800
     Gram Super Best            n.a.            n.a.
     Gram Medium Best            6,200-6,400        6,200-6,200
     Gram Dal Medium            n.a.            n.a
     Gram Mill Quality            5,200-5,300        5,200-5,300
     Desi gram Raw                4,900-5,000         4,900-5,000
     Gram Filter new            5,600-5,800        5,600-5,800
     Gram Kabuli                6,100-8,000        6,100-8,000
     Gram Pink                        6,700-7,500        6,700-7,500
     Tuar Fataka Best             16,200-16,700        16,200-16,700
     Tuar Fataka Medium             15,200-15,700        15,200-15,700
     Tuar Dal Best Phod            14,200-14,700        14,200-14,700
     Tuar Dal Medium phod            12,700-13,200        12,700-13,200
     Tuar Gavarani New             11,000-11,500        11,000-11,600
     Tuar Karnataka             11,600-12,100        11,600-12,100
     Tuar Black                 17,300-17,600        17,300-17,600
     Masoor dal best            7,500-7,800        7,500-7,800
     Masoor dal medium            6,900-7,400        7,100-7,400
     Masoor                    n.a.            n.a.
     Moong Mogar bold            10,900-11,800       10,900-11,800
     Moong Mogar Med            10,300-11,100        10,300-11,100
     Moong dal Chilka            8,700-9,800        8,700-9,800
     Moong Mill quality            n.a.            n.a.
     Moong Chamki best            9,100-9,900        9,100-9,900
     Udid Mogar Super best (100 INR/KG)    16,500-18,000       16,500-18,000    
     Udid Mogar Medium (100 INR/KG)    14,000-16,000        14,000-16,000   
     Udid Dal Black (100 INR/KG)        10,000-10,900        10,000-10,900    
     Batri dal (100 INR/KG)        5,800-6,200        5,800-6,200
     Lakhodi dal (100 INR/kg)          4,900-5,100         4,900-5,100
     Watana Dal (100 INR/KG)            3,000-3,200        3,000-3,200
     Watana White (100 INR/KG)              3,000-3,100           3,000-3,100
     Watana Green Best (100 INR/KG)    3,200-3,500        3,200-3,500  
     Wheat 308 (100 INR/KG)        1,600-1,700        1,600-1,700
     Wheat Mill quality (100 INR/KG)    1,500-1,600        1,500-1,600  
     Wheat Filter (100 INR/KG)         1,500-1,700        1,500-1,700
     Wheat Lokwan best (100 INR/KG)    2,000-2,400        2,000-2,400   
     Wheat Lokwan medium (100 INR/KG)   1,850-2,100        1,950-2,100
     Lokwan Hath Binar (100 INR/KG)    n.a.            n.a.
     MP Sharbati Best (100 INR/KG)    3,400-4,000        3,400-4,100   
     MP Sharbati Medium (100 INR/KG)    2,600-2,800        2,600-2,900          
     Rice BPT best (100 INR/KG)        3,000-3,300        3,000-3,300   
     Rice BPT medium (100 INR/KG)        2,600-2,800        2,600-2,800   
     Rice Parmal (100 INR/KG)         1,800-2,000        1,800-2,000
     Rice Swarna best (100 INR/KG)      2,200-2,550        2,200-2,550  
     Rice Swarna medium (100 INR/KG)      1,900-2,300        1,900-2,300  
     Rice HMT best (100 INR/KG)        3,600-3,900        3,600-3,900   
     Rice HMT medium (100 INR/KG)        3,200-3,400        3,200-3,400   
     Rice HMT Shriram best(100 INR/KG)    4,500-5,200        4,500-5,200   
     Rice HMT Shriram med.(100 INR/KG)    4,100-4,600        4,100-4,600   
     Rice Basmati best (100 INR/KG)    9,800-11,900        9,300-11,700    
     Rice Basmati Medium (100 INR/KG)    7,800-8,100        7,600-7,900   
     Rice Chinnor best(100 INR/KG)    5,500-6,000        5,300-5,800   
     Rice Chinnor medium (100 INR/KG)    4,900-5,600        4,700-5,400   
     Jowar Gavarani (100 INR/KG)        1,900-2,200        1,900-2,200   
     Jowar CH-5 (100 INR/KG)         1,700-1,900        1,700-1,900

WEATHER (NAGPUR) 
Maximum temp. 32.1 degree Celsius (89.8 degree Fahrenheit), minimum temp.
15.9 degree Celsius (60.6 degree Fahrenheit)
Humidity: Highest - 92 per cent, lowest - 42 per cent
Rainfall : n.a.
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 31 and 16 degree Celsius respectively.

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but included in market prices.)

http://in.reuters.com/article/nagpur-foodgrain-idINL3N13S31Z20151203


Arkansas Farm Bureau Daily Commodity Report

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


Futures:
High
Low
Last
Change
Jan '16
1195.0
1165.5
1171.5
-19.0
Mar '16
1215.5
1194.0
1197.5
-19.5
May '16
1237.5
1230.0
1227.0
-19.5
Jul '16
1255.5
1255.5
1252.0
-20.5
Sep '16
1253.5
1253.5
1239.0
-17.0
Nov '16
1240.5
-15.5
Jan '17
1240.5
-15.5

Rice Comment

Rice prices closed lower today. The market held support near October lows of 11.68, however the market need some bullish news to help pull prices out of thier recent declines. Prices continue to be pressured by slow demand and large supplies in the U.S.
http://www.arfb.com/ag-markets-statistics/report/

Rice procurement sees increase of over 31%

Government agencies purchase 14.06 MT compared to 10.7 MT last year

By: Sandip Das | New Delhi | December 2, 2015 1:30 AM

Despite prospect of a lower output this year due to deficient monsoon, rice procurement by Food Corporation of India (FCI) and state government-owned agencies this kharif marketing season (2015-16) has seen a sharp increase of more than 31% so far in comparison to last year.The government agencies have purchased more than 14.06 million tonne of rice since October 1 (when new procurement season began) till Tuesday, compared to 10.7 million tonne rice purchased from farmers during the same period last year.Food ministry sources told FE that the higher procurement of rice is also attributed to fall in prices of common variety of rice in various mandis across the country. “The farmers prefer to sell their grain to agencies rather than giving it to private traders in Punjab and Haryana,” an official said. Even Basmati paddy prices is in the range of Rs 2,200 to Rs 2,800 per quintal in the mandis across Punjab and Haryana.

As per the latest data, out of the total rice equivalent of paddy procurement in Punjab, the agencies have purchased 9.3 million tonne of rice till now thus surpassing even the target of 8.8 million tonne for 2015-16 marketing season. In Punjab, which contributes highest volume of rice and wheat to the central pool, 7.7 million tonne of rice was purchased during the same period last year.In Haryana, the state government agencies have purchased more than 2.8 million tonne of rice equivalent of paddy by now, thus surpassing the target of 2.3 million tonne set for the year.


Other states, which have commenced rice procurement, include Uttar Pradesh (3.8 lakh tonne), Telangana (4.9 lakh tonne), Kerala (76,933 tonne), etc. Chhattisgarh recently commenced rice procurement drive while the purchasing campaign would commence in Odisha shortly.Food ministry officials say if the current trend continues, the overall rice procurement during 2015-16 period would surpass the target of 30 million tonne. The agencies had purchased 32 million tonne of rice so far in 2014-15 marketing year (October-September). The agencies buy paddy from the farmers and give to millers for conversion into rice.The Cabinet Committee on Economic Affairs in June had increased the minimum support price of common variety of paddy by Rs 50 to Rs 1,410 per quintal for 2015-16 kharif season. The hike in MSP is in line with the recommendation of the Commission for Agricultural Costs and Prices.Meanwhile, the food ministry has asked agencies in the decentralised procurement states Madhya Pradesh, Chhattisgarh and Odisha and other non-traditional states Bihar and Jharkhand to maximise the procurement of rice and coarse grains during next marketing season. The FCI has been preparing a policy for involving private sectors in the procurement of rice in eastern states.