Friday, January 15, 2016

15th january,2016 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

Shipping Index Hits a Fresh Low Not Seen Since 1985

Jan 14, 2016

The Baltic Dry Index (BDI), reflecting the cost to ship dry bulk goods like coal, iron ore, cement, fertilizer and grain, has hit a fresh low of 400 and global analysts say this is a sign the real global economy has ground to a halt.  The BDI hasn’t hit 400 since January 1985. 
The dry bulk shipping market has seen prices slip lower with operating costs exceeding chartering rates, making it difficult for operators to pay off debt.  This is a far cry from the screaming rally a few years ago the ended with a 2008 peak and sharp decline.   
The BDI has been hit by a slowing Chinese economy, reducing the nation’s demand for iron ore and coal, according to Reuters, and an Indian ban on iron ore exports, according to the Business Standard. 
Reuters quotes a brokerage and investment bank as saying: "Dry bulk shipping is in the throws of a generational recession. The recovery in demand no longer appears to be a 2016 event and even 2017 is in question."
Global Rice Quotes
January 14th, 2016
Long grain white rice - high quality
Thailand 100% B grade          360-370           ↔
Vietnam 5% broken    355-365           ↑
India 5% broken         355-365           ↔
Pakistan 5% broken    330-340           ↔
Myanmar 5% broken   415-425           ↑
Cambodia 5% broken             425-435           ↔
U.S. 4% broken           465-475           ↔
Uruguay 5% broken    480-490           ↔
Argentina 5% broken 475-485           ↔
Long grain white rice - low quality
Thailand 25% broken 340-350           ↔
Vietnam 25% broken 335-345           ↓
Pakistan 25% broken 305-315           ↔
Cambodia 25% broken           410-420           ↔
India 25% broken       325-335           ↔
U.S. 15% broken         485-495           ↔
Long grain parboiled rice
Thailand parboiled 100% stxd            355-365           ↔
Pakistan parboiled 5% broken stxd    405-415           ↔
India parboiled 5% broken stxd         355-365           ↔
U.S. parboiled 4% broken       500-510           ↔
Brazil parboiled 5% broken    520-530           ↔
Uruguay parboiled 5% broken            NQ      ↔
Long grain fragrant rice
Thailand Hommali 92%          675-685           ↔
Vietnam Jasmine         425-435           ↓
India basmati 2% broken        NQ      ↔
Pakistan basmati 2% broken   NQ      ↔
Cambodia Phka Mails             745-755           ↔
Brokens
Thailand A1 Super      315-325           ↔
Vietnam 100% broken            335-345           ↔
Pakistan 100% broken stxd    285-295           ↔
Cambodia A1 Super   350-360           ↔
India 100% broken stxd         260-270           ↓
Egypt medium grain brokens NQ      ↔
U.S. pet food 280-290           ↔
Brazil half grain          NQ      ↔
All prices USD per ton, FOB vessel, oryza.com



Oryza U.S. Rough Rice Recap - Prices Drop for Second Day in a Row as Prospects for New Demand Fade

Jan 15, 2016

The U.S. cash market was considerably weaker again today as the pace of new exports sales continues to disappoint and as the prospects for additional demand seems to fade.
The USDA reported that cumulative net export sales for the week that ended on January 7th, totaled 43,000 tons, a decrease of 15% from the previous week and the prior 4-week average.
Increases were reported for the following destinations including: 28,300 tons to Haiti, 2,900 tons to Jordan, 2,800 tons to Mexico, 2,500 tons to Canada, and 2,100 tons to South Korea.
U.S. rice exporters shipped 42,300 tons, an increase of 29% from than last week but 3% lower than the prior 4-week average.
Increases were reported for the following destinations including: 28,400 tons to Mexico, 3,800 tons to Jordan, 2,200 tons to Taiwan, 2,000 tons to New Guinea, and 1,700 tons to Canada.

Thailand Millers Face Charges for “Circulating” Rice under the Mortgage Scheme in Fake G2G Deals with China

Jan 14, 2016

Thailand’s Attorney-General plans to sue seve rice millers in Thailand for their collaboration with former commerce minister Boosong Teriyapirom to circulate rice back to Thailand that was reportedly sold to China in government-to-government (G2G) deals,according to Thailand's The Nation. 
Thai officials have yet to sue the Chinese entities involved in the deal, adding that the case has a statute of limitation of 20 years. 
Meanwhile, tomorrow the former Prime Minister Yingluck Shinawatra is required to show up at her first hearing of a witness in a separate case for her responsibility for the now defunct rice mortgage scheme. 

Vietnam Rice Quotes Mixed; India Rice Sellers Lower Some of Their Quotes Today

Jan 14, 2016

Vietnam rice sellers increased their quotes for 5% broken rice by about $5 per ton to about $355-$365 per ton and lowered their quotes for 25% broken rice  and Jasmine rice by about $5 per ton and $15 per ton to about $335-$345 per ton and $425-$435 per ton, respectively, today. India rice sellers lowered their quotes for 100% broken rice by about $5 per ton to about $260-$270 per ton. Other Asia rice sellers kept their quotes unchanged today.                                
5% Broken Rice
Thailand 5% rice is indicated at around $350 - $360 per ton, about $5 per ton discount to Vietnam 5% rice shown at around $355 - $365 per ton. India 5% rice is indicated at around $355 - $365 per ton, about $25 per ton premium on Pakistan 5% rice shown at around $330 - $340 per ton.
25% Broken Rice
Thailand 25% rice is indicated at around $340 - $350 per ton, about $5 per ton premium on Vietnam 25% rice shown at around $335- $345 per ton. India 25% rice is indicated at around $325 - $335 per ton, about $20 per ton premium on Pakistan 25% rice shown at around $305 - $315 per ton.
Parboiled Rice           
Thailand parboiled rice is indicated at around $355 - $365 per ton. India parboiled rice is indicated at around $345 - $355 per ton, about $60 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 $315 - $325 per ton, about $20 per ton discount to Vietnam 100% broken rice shown at around $335 - $345 per ton. India's 100% broken rice is shown at around $260 - $270 per ton, about $25 per ton discount to Pakistan broken sortexed rice shown at around $285 - $295 per ton.

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Crater as Market Adds to Losses Sustained Yesterday and as Export Sales Continue to Disappoint

Jan 15, 2016

Chicago rough rice futures for Mar delivery settled 42 cents per cwt (about $9 per ton) lower at $10.880 per cwt (about $240 per ton). The other grains finished the day with mixed results; Soybeans closed about 0.3% higher at $8.8225 per bushel; wheat finished about 1.9% lower at $4.6875 per bushel, and corn finished the day unchanged at $3.5800 per bushel.
U.S. stocks traded higher Thursday, attempting to stabilize after a steep sell-off, helped by some recovery in oil prices and comments from Federal Reserve policymakers. The S&P 500 held more than 1.5% higher in afternoon trade, topping the psychologically key level of 1,900 in intraday trade as the energy sector traded more than 4% higher. In economic news, weekly jobless claims rose to 284,000. December import prices fell 1.2%, for a sixth-straight month of declines as the cost of petroleum and a range of other goods fell further, suggesting a tame inflation environment could persist in the near term, Reuters said. Overnight, the People's Bank of China set Thursday's yuan mid-point rate at 6.5616, compared with Wednesday's fix of 6.5630. European stocks closed more than 1.5% lower Thursday. Asian stocks ended mostly lower, with only the Shanghai composite closing higher, up nearly 2%.In afternoon trade, the Dow Jones industrial average traded 251 points higher, or 1.57%, at 16,402. The S&P 500 added 31 points, or 1.66%, to 1,921, with energy leading all sectors higher. The Nasdaq composite rose 85 points, or 1.89%, to 4,611. Gold is seen trading about 1.3% lower, crude oil is seen trading about 3.3% higher, and the U.S. dollar is seen trading about 0.1% higher at about  1:15pm Chicago time.

Wednesday, there were 1,108 contracts traded, up from 471 contracts traded on Tuesday. Open interest – the number of contracts outstanding – on Wednesday decreased by 159 contracts to 13,310.

Reach for these rice recipes

Reach for these rice recipes


Rita DeMontis
BY TORONTO SUN
FIRST POSTED: 
This time of year is when a bowl of rice is real nice.
On its own with a dollop of butter and sprinkling of fresh cheese is as comforting as you can get. And recent studies show people who consume the most have diets richer in potassium, magnesium, fibre and less saturated fat and sugar.
Rice is healthy and its affordable that 1.6 billion people consume worldwide.
“Canadians won’t sacrifice taste for health and are learning that healthy and tasty can be inclusive when they take a bite out of the world around them,” says registered nutritionist and culinary writer Theresa Albert, noting that nearly 70% of our rice is from south of the border.
Rice, is a practical grain that goes with everything and is a healthier option than other starches. According to a study published in Food and Nutrition Sciences, rice consumption was associated with better diet quality and nutrient intake than seen in non-rice consumers.
“Not only is whole grain rice itself more nutrient-rich than some other starches common at our dinner tables, but it also is typically served with highly nutritious items like beans, fish, tomatoes and greens,” says Albert, adding “It's that cascading inspiration of adding rice which opens the door to other nutritious foods. Cuisines all over the world benefit from this “company rice keeps” and Canadians know a good thing when they see and taste it.”
In Canada, we do not have to look far for rice recipe inspiration, thanks to our diverse cultural landscape. Here's a selection of easy and delicious recipes courtesy of USA Rice that highlight the flavours of Greece, Italy, Portugal and the Middle East.
Rice 101 – the benefits of rice:
• Rice is the original gluten-free grain and is the least allergenic of all grains.
• About 50% of North Americans consume only half of the magnesium that they should. Magnesium is critical for muscle function. There is more magnesium in 1 cup of cooked long grain brown rice (21% DV) than in 3.5 cups of spinach (20% DV).
• 1 cup of brown rice has almost 4 g of fibre.
• Rice should be cooled then stored in the fridge immediately. It will keep for up to a week. Cook once, eat multiple times during week in salads, soups, puddings and stir fries.

souce otawasun.com

Thursday, January 14, 2016

13th january 2016 Daily Global Rice E-Newsletter by Riceplus Magazine-Latest Rice News Updates

Presents Seminar on
Role of Media and Society in Building Innovative Pakistan – Science, Technology and Innovation
Date: 19th January, 2016 (Tuesday) Time: 10:30am-01.00pm
Venue: University of Management and Technology, Lahore

The aim of the SATHA Seminar is to highlight critically important but generally neglected area of Science, Technology and Innovation Policies and Practices in Pakistan. The seminar will bring attention of stakeholders towards the undeniable role of science, technology and innovation for the socio-economic development of the country and hence, will advocate promotion of research and innovation for the benefit of the industry and public at large.
Tentative Program
10:30am:     Registration – Seating - Recitation 
11:00am:     Welcome by President SATHA
11:10am:     Highlights of the PCST-IRP joint study on “Encouraging Problem Solving Research in Pakistan” by Dr. Tariq Bashir, PCST
The study was jointly conducted by PCST and IRP on how to encourage and promote need-based R&D and innovation in Pakistan. The data was collected from 350-400 experts of 150+ organizations of industry, academia and public sector through consultative workshops held allover Pakistan.
11:25am:   Competiveness of Rice Sector of Pakistan and Role of Research Institutions by Dr. Hamid Malik CEO, Induss Pak
11:40am:   Role of Media in Building Innovative Pakistan by Mr. Habib Akram Executive Editor, Dunya TV
11:55am:   Role of Media in Building Innovative Pakistan by Saleem Bokhari, Editor, The Nation  
12:10pm:  Role of Society in S&T –Akhuwat Triple Helix Model - Society, Academia and Govt. Collaboration by Dr. Amjad Saqib, Executive Director, Akhuwat
12:25pm:   Address by Guest of Honor- Dr. Anwar ul Hassan Gilani, Chairman, PCST
12:40pm:   Address by Chief Guest - Fahd Husain, Executive Director, Express News
12:55pm:   Note of Thanks by Mr. Rashid Khan, Assistant Professor, Media Dept., UMT  
01:00pm:   Closing


                   
               
Contact:      Anum Akmal, Program Coordinator, SATHA–ORIC, UMT, Lahore
Email: satha@irp.edu.pk  Ph. 042- 35212801 Ext: 3744
University of Management and Technology, Lahore
C II, Johar Town, Lahore



Asia races to find drought-resistant rice

Amy Kazmin
January 13, 2016 11:02 am

The monsoon rains are essential for growing rice in India, but their inconsistency affects production
Half of all people in the world, mostly those living in Asia, depend on rice as a staple food, eaten up to three times a day.But, compared with other food grains, global production of rice has always been finely balanced against demand, with little surplus traded on the market. As Asian weather patterns, especially the distribution of monsoon rains, become more erratic due to climate change, policymakers are concerned about the stability of global rice production and the long-term welfare of rice farmers and consumers.The International Rice Research Institute (IRRI), based in the Philippines, is working to develop seeds for new rice varieties that will be able to resist the kind of climate stresses, such as floods, drought and soil salinity, that are expected to become more frequent due to global warming.


Flood-resistant rice strains, whose development by the IRRI started in the late 1970s, are already paying off in India, Bangladesh and Nepal, where millions of farmers now grow rice varieties that can survive total submergence in water for between 14 and 20 days. Previously popular high-yielding rice varieties would be destroyed after just four or five days under water.Uma Shankar Singh, who leads the IRRI mission in India and Nepal, says researchers are also making progress in developing drought-resistant rice varieties, which could be available to farmers within a few years.“The world talks about climate change adaptation, but we hardly have anything to show on the ground,” says Mr Singh, the regional co-ordinator for IRRI’s Stress Tolerant Rice for Africa and South Asia (STRASA) project, which is funded by the Bill & Melinda Gates Foundation. “This is a direct example.”

Climatic stress is acute in South Asia, home to about 37 per cent of the world’s rice-growing area and prone to floods, drought, salinity, or some combination of those problems.Floods are increasingly frequent, but so are periods of severe dryness during monsoon seasons. Many days can go by between rains, a contrast to the predictable daily downpours that older farmers say they remember. “It’s not that the total amount of rainfall has changed,” says Mr Singh. “But its uneven distribution is creating both flood and drought.”Rice-consuming countries saw the impact of disruptions in the global supply of rice in 2008, when Bangladesh, the Philippines and parts of west Africa all suffered food riots triggered by spiralling global rice prices that had jumped 300 per cent, from $300 to $1,200 per ton, over four months.The price spike had several causes, one of which was the imposition of export restrictions by India.

 Another factor was panic buying by several large rice-consuming countries including Bangladesh, which was facing a rice shortage after severe flooding in the summer of 2007 caused damage to 2.2m acres of cropland.In fact, global rice stocks were not very low at the time and both the panic and prices subsided after a few months. But it was a warning about the kind of global ripple effect that could ensue should a shortfall occur. “There is not much surplus rice for the international trade,” says Mr Singh. “If there is any serious flood in China or India, no one can supply the rice. What rice is produced is consumed; the situation is tight.”IRRI’s plan to develop rice that can tolerate extreme weather relies on a bank of seeds from around 127,000 traditionally cultivated rice varieties, known as “landraces”, as well as on wild rice collected from around the world.


Many of the traditional varieties are disdained by contemporary farmers due to low-yields or poor grain quality. But, having adapted over centuries in various climactic conditions, some have evolved to be able to withstand local climactic stresses.Abdelbagi Ismail, head of the STRASA project, describes IRRI’s seed bank as “a treasure collected from all over the world, adding: “It has all the diversity and all the traits we look for in rice.”For decades, IRRI scientists had searched for rice varieties that could combine the genes required for flood tolerance with those of other high-yield varieties developed during the Green Revolution of the 1960s, which transformed wheat and rice farming in irrigated parts of north India.

Then, in 2002, researchers identified the precise gene in a landrace from eastern India that allowed it to survive a submergence of up to 20 days. By 2006, IRRI had combined that gene with a popular high-yielding rice variety and had provided 200 grammes of the seed to the Indian government’s own rice research institute. By 2013, nearly 5m Indian farmers had some fields planted with this flood-tolerant rice, covering about 1.7 to 2m hectares in total.The institute is now using similar methods in its effort to develop drought-resistant rice and the process has been accelerated by recent developments in genetic mapping. “We are now testing lines that are both drought and flood tolerant,” Mr Singh says. “We must make a variety that can tolerate any condition.”

It’s not that the total amount of rainfall has changed, but its uneven distribution is creating both flood and drought
- Uma Shankar Singh, leader of the IRRI mission in India and Nepal
The challenge is not merely scientific, but also political and logistical. South Asian governments must approve new seed varieties, then distribute these seeds to farmers, who must in turn be educated about their benefits and correct use.In the past, regional governments have subjected new IRRI seed varieties to years of additional testing before approving them for use by their own farmers. But India has shortened the testing period and in 2014 the governments of India, Nepal and Bangladesh agreed that seed varieties approved for use in one country will be automatically approved for use in all.“We want these new varieties to reach the farmers as fast as possible,” Mr Singh said. “The biggest challenge we are facing is making seeds locally available to farmers in remote area and taking information about these new varieties to the farmers. We have to gear up the whole system to do this.”
http://www.ft.com/cms/s/2/dea46c3e-982a-11e5-9228-87e603d47bdc.html#axzz3xJOZFUOg


01/13/2016 Farm Bureau Market Report

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


Futures:
ROUGH RICE
High
Low
Last
Change
Jan '16
1107.5
-41.5
Mar '16
1172.5
1115.5
1130.0
-42.0
May '16
1153.0
1150.5
1158.5
-42.0
Jul '16
1185.5
-42.0
Sep '16
1177.5
-39.0
Nov '16
1195.5
-39.0
Jan '17
1196.0
-38.5
   

Rice Comment

Rices prices closed lower again today. The market continues to be pressured by yesterday's bearish USDA report that raised carry out for this year. While a recent pick up in export demand has helped provide support, the market will be looking for this to conitnue in tomorrow's export sales report. As we approach mid January the market needs to see strength as the average price from January 15 to February 15 will be the prices used to determine margin coverage in the new insurance product.

USA Rice Visits U.S. Officials and Key Mexican Customers; Conducts International Planning Meetings 

MEXICO CITY, MEXICO -- All week, USA Rice staff and members have conducted meetings and market visits here in the United States' number one rice market to learn more about that market and to share programs and generate new promotion ideas.First were meetings with officials from the USDA Foreign Agricultural Service (FAS) stationed here, followed by a trip to the sprawling Central Market for a conference with officers at El Alazan y El Rocio, one of the largest wholesale rice distributors in Mexico.  Finally, the group met with Mr. Pedro Schettino, the largest rice miller in Mexico and with Mr. Ricardo Mendoza, Executive Director of the Mexican Rice Council.At every stop, the talks were frank, focusing on quality of U.S. rice, current competition from Uruguay, potential future market changes that could result from an enacted Trans Pacific Partnership, and promotional opportunities in Mexico for U.S. rice.

Members and staff also then visited area markets to see rice being sold, including open air and wholesale markets and traditional supermarkets.The group then set down to the business of planning, with a day and a half of meetings for USA Rice's International Promotion Committee and staff where strategies and priorities for the year ahead were reviewed.  Washington, DC-based FAS staff and Mexico-based Animal and Plant Health Inspection Service (APHIS) staff also participated in the planning meetings.

"With about half of our crop exported each year, it is vital we ensure our promotion programs and trade servicing activities stay fresh, relevant, and nimble," explained John Valpey, chair of the USA Rice International Promotion Committee, who attended the meetings.  "It's no coincidence that we held our planning meeting in the capital city of our largest export destination.  As always, we had productive meetings in a wonderful city.
Rice meetings set for Jan. 21

Posted: Tuesday, January 12, 2016 6:34 pm
By Andrew Creasey/acreasey@appealdemocrat.com
It's been an eventful year for rice growers.From the drought to policy updates from Sacramento and Washington, D.C., the latest news on issues affecting California rice farmers will be presented during the annual grower meetings hosted by the California Rice Commission.The morning session will start at 8:30 a.m. Thursday, Jan. 21, at the Bonanza Inn Magnuson Grand Hotel at 1001 Clark Ave., Yuba City. An identical afternoon session will start at 1 p.m. that same day at the Colusa Casino Resort Conference Center at 3770 Highway 45, Colusa. Registration will be 30 minutes prior to each meeting."These meetings are very informative. We hope all rice growers can attend, to get the latest updates on issues vital to our industry," said Jim Morris, communications manager for the rice commission. "With the ongoing drought, water has been a dominant subject in the Sacramento Valley. We will provide the latest information in this critical area, in addition to updates on crop insurance, as well as key state and federal issues."Those attending will receive an update on farm policy from Tyson Redpath of The Russell Group. Louie Brown of Kahn, Soares and Conway will relay new developments at the state capital. Northern California Water Association President David Guy will review water issues. Additionally, Richard Neves of Gig 7 Crop Insurance Services will make a presentation.For more information, contact Morris at 916-387-2264 or jmorris@calrice.org.
CONTACT reporter Andrew Creasey at 749-4780 and on Twitter @AD_Creasey.
http://www.appeal-democrat.com/news/rice-meetings-set-for-jan/article_30ca2e56-b99e-11e5-9ba3-5ffc488263dc.html


Reach for these rice recipes

By Rita DeMontis, Toronto Sun
This time of year is when a bowl of rice is real nice.On its own with a dollop of butter and sprinkling of fresh cheese is as comforting as you can get. And recent studies show people who consume the most have diets richer in potassium, magnesium, fibre and less saturated fat and sugar.Rice is healthy and its affordable that 1.6 billion people consume worldwide.
"Canadians won't sacrifice taste for health and are learning that healthy and tasty can be inclusive when they take a bite out of the world around them," says registered nutritionist and culinary writer Theresa Albert, noting that nearly 70% of our rice is from south of the border.
Rice, is a practical grain that goes with everything and is a healthier option than other starches. According to a study published in Food and Nutrition Sciences, rice consumption was associated with better diet quality and nutrient intake than seen in non-rice consumers.


"Not only is whole grain rice itself more nutrient-rich than some other starches common at our dinner tables, but it also is typically served with highly nutritious items like beans, fish, tomatoes and greens," says Albert, adding "It's that cascading inspiration of adding rice which opens the door to other nutritious foods. Cuisines all over the world benefit from this "company rice keeps" and Canadians know a good thing when they see and taste it."In Canada, we do not have to look far for rice recipe inspiration, thanks to our diverse cultural landscape. Here's a selection of easy and delicious recipes courtesy of USA Rice that highlight the flavours of Greece, Italy, Portugal and the Middle East:

Australia's SunRice planning IPO








KAORI TAKAHASHI, Nikkei staff writer

New South Wales rice grower Peter Draper says securing sufficient water is vital for Australia's rice growers.
SYDNEY -- Australia's Ricegrowers, a leading rice production and sales company trading as SunRice, is planning an initial public offering to raise funds to diversify its business portfolio and expand exports to Asia. The company is seeking to widen the scope of its businesses because rice production in Australia is vulnerable to declines in rainfall.The move is also aimed at boosting exports to Asia by capitalizing on the signing of the Trans-Pacific Partnership trade pact, expected to happen this year.The Riverina region in Australia's New South Wales is the country's rice production center. Located in southeastern Australia, the Riverina accounts for 98% of the country's rice production.


To ensure a good crop, rice farmer Peter Draper has to check his vast rice paddies every day in blistering heat. The summer temperature frequently rises above 40 C.  In Australia, farmers plant rice in October and ship new rice in May. The fact that the seasons in Australia are opposite to those in the Northern Hemisphere gives Aussie rice a major competitive edge in international markets, Draper said.    Rice farmers in Australia face a tough challenge. Securing the large amounts of water needed to farm the grain in a drought-prone country comes at a high cost. The price of water traded between farmers often soars due to scant rainfall. A spell of dry weather forces rice growers to cut back on production. Rice production in Australia from April through this coming March is seen plunging 58% to 305,000 tons because of drought, according to an estimate by the Australian Bureau of Agricultural and Resource Economics and Sciences.  Rice requires far more water to grow than other summer cash crops like sorghum and cotton. This puts it at the top of the list of production-cut candidates during dry weather.

http://asia.nikkei.com/Business/Companies/Australia-s-SunRice-planning-IPO

Rice industry growth hampered by disunity


Sacks of rice await sale at Phnom Penh's Orussey Market in 2014. Eli Meixler
Wed, 13 January 2016
The Cambodia Rice Federation (CRF), the apex body of the nation’s rice industry, is looking to bring all relevant stakeholders under one unifying vision for the sector, citing the lack of cooperation among its members as a key reason for missing last year’s 1 million-tonne milled rice export target.“There is a lack of cooperation and confidence, with some members not following the CRF’s policy, which remains a challenge to reach our export target,” CRF vice president Hun Lak told reporters yesterday.

He said a common approach would help build confidence among farmers, maintain quality standards and improve the branding of Cambodian rice.“If we can fix these obstacles we will reach this target in the next five years,” he said.One of the biggest challenges faced by the federation, according to Lak, was managing the country’s supply and demand of rice paddy. He cited instances where millers could not purchase paddy given that the farmers desperate for cash had already sold it to millers in neighbouring countries.To remedy this scenario and achieve the export target of 1 million tonnes of milled rice per year, Lak said the federation’s members would need about $550 million for paddy procurement.


He said the capital would be used to purchase 2.5 million tonnes of paddy, assuming that it costs 1,250 riel and 800 riel per kilo of fragrant and white rice, respectively.CRF president Sok Puthyvuth said the capital requirement was just a ballpark figure based on a preliminary assessment of the sector’s requirements. “We are still studying this, but once we agree on a specific number the government will play an important role to facilitate it,” he said.Taing Chhung Ngy, director of market promotion at rice exporter LBN Angkar (Kampuchea), said unity was essential to the federation’s effectiveness.


He said that while some exporters would agree to a common policy, such as unified rice prices, during meetings their actions did not match their commitments.“We cannot walk on the same path unless we understand each other’s problems well,” he added.The Cambodia Rice Federation was established in May, 2014, and currently comprises 230 members.The federation has an operating budget of $700,000 for two years ending May, 2016, which is covered by a one-time Ministry of Economy and Finance allocation, membership fees and from contributions by its 17 board members.Additionally, the federation collects $1 per tonne of fragrant rice exported and $0.50 per tonne on white rice from its members.
http://www.phnompenhpost.com/business/rice-industry-growth-hampered-disunity


Nigeria Can Produce 10 Million Metric Tons of Rice Annually, Says IFAD President


By Vincent Ujumadu
Awka — President of International Fund for Agricultural Development, IFAD, Dr. Kanayo Nwanze, has said that Nigeria has the potential to produce 10 million metric tons of rice annually if the required infrastructure was put in place.Nwanze, during a visit to the rice processing clusters at Omor and Anaku rice producing areas in Anambra State, explained that the country currently produces three million metric tons of rice and consumes about six million metric tons, adding that with the prevailing ideal environment for rice production in many parts of the country, attaining the 10 million metric tons target would be met soon to make Nigeria a net exporter of rice.

According to him, the Country Programme Manager of IFAD, Dr. AtsukoToda, had expressed her determination to assist the country achieve the desired objective.During the visit, Nwanze was presented with the vision of Anambra State Value Chain Development Programme for the rice processing clusters in the state by the state programme Coordinator of IFAD, Mr. Nnamdi Agwuncha.Agwuncha said that the state Value Chain Programme was anchored on the Federal Government's strategic vision for strengthening the agricultural sector in order to achieve food security, increase production, expand and improve rural economy for employment and income generation, as well as increase export and reduce food importation.He said that participatory rural appraisal had already been conducted, adding that the constraints of the rice processing clusters had also been identified
http://allafrica.com/stories/201601130240.html

Chinese Firm Plans $300m Rice Project In Nigeria

A Chinese Company,Hellog Jiang Pingyuan Rice Group has proposed a $300 million rice project in Nigeria.According to a release made available to The Tide in Port Harcourt recently, the facilitator of the meeting and the consular-General of Nigeria in China, Ambassador Ali Ocheni said some states namely, Imo, Cross River and Akwa Ibom had shown interest in the proposal which transfers technology, apart from making profits.The Chief Executive Officer of the Chinese group, Mr. Wang Jing Xin disclosed the proposal when he led a delegation of the company to the Federal Ministry of Agriculture and Rural Development in Abuja.


The company according to the release, apart from the investment would also collaborate with the ministry in building a research institute, help local farmers to improve themselves and equally provide job and opportunities to Nigerians.Responding, the minister of Agriculture and Rural Development Chief Audu Ogbeh stated the need to take every step to ensure that states in Nigeria partner with the company on the proposed rice project. He stated that an expanse of  land earlier mapped out for vice production in Bayelsa State would be considered for the project.

The minister said Kebbi, Zamfara and Ogun States respectively could be encouraged to collaborate with the company.He also requested the Chinese firm to consider the production of vegetables.Chief Ogbeh said agriculture was not only about relying on rain fall but also irrigation and advised the company to think along irrigation projects since Nigeria does a lot of dry season farming.He said villages should be included in the our grower programme so that they could sell their products to the company.
http://www.thetidenewsonline.com/2016/01/13/chinese-firm-plans-300m-rice-project-in-nigeria/

Nagpur Foodgrain Prices Open-Jan 13
Nagpur, Jan 13 Gram and tuar prices firmed up again in Nagpur Agriculture Produce
and Marketing Committee (APMC) here increased buying support from local millers amid weak supply
from producing regions. Healthy rise in Madhya Pradesh pulses and repeated enquiries from
South-based millers also jacked up prices, according to sources.

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

     TUAR
   * Tuar gavarani moved down in open market on lack of demand from local traders amid
     high moisture content arrival.

   * Rice Swarna reported higher in open market on good seasonal demand from local
     traders amid thin supply from producing regions.   
     
   * In Akola, Tuar New - 8,400-8,700, Tuar dal New - 13,700-14,300, Udid -
     12,600-13,100, Udid Mogar (clean) - 14,800-17,000, Moong -
     8,600-8,800, Moong Mogar (clean) 9,800-10,100, Gram - 4,300-4,500,
     Gram Super best bold - 5,800-6,200 for 100 kg.

   * Wheat, other varieties of rice and other commodities moved in a narrow range in
     scattered deals, settled at last levels.
      
 Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg

     FOODGRAINS                 Available prices     Previous close  
     Gram Auction                3,200-4,550         3,200-4,500
     Gram Pink Auction            n.a.           2,100-2,600
     Tuar Auction                8,000-9,410         7,900-9,300
     Moong Auction                n.a.                6,400-6,600
     Udid Auction                n.a.           4,300-4,500
     Masoor Auction                n.a.              2,600-2,800
     Gram Super Best Bold            6,000-6,500        6,000-6,500
     Gram Super Best            n.a.            n.a.
     Gram Medium Best            5,700-5,800        5,700-5,800
     Gram Dal Medium            n.a.            n.a
     Gram Mill Quality            4,700-4,900        4,700-4,900
     Desi gram Raw                4,750-4,900         4,750-4,900
     Gram Filter new            5,100-5,300        5,100-5,300
     Gram Kabuli                5,800-7,800        5,800-7,800
     Gram Pink                        6,300-7,200        6,300-7,300
     Tuar Fataka Best-New             14,100-14,600        14,100-14,600
     Tuar Fataka Medium-New        13,200-13,800        13,200-13,800
     Tuar Dal Best Phod-New        12,500-12,800        12,500-12,800
     Tuar Dal Medium phod-New        11,000-12,000        11,000-12,000
     Tuar Gavarani New             9,000-9,100        9,050-9,150
     Tuar Karnataka             9,600-9,700        9,600-9,700
     Tuar Black                 14,900-15,300        14,900-15,300
     Masoor dal best            6,500-6,800        6,500-6,800
     Masoor dal medium            6,100-6,300        6,100-6,300
     Masoor                    n.a.            n.a.
     Moong Mogar bold            9,600-10,500        9,600-10,500
     Moong Mogar Med            9,000-9,700        9,000-9,700
     Moong dal Chilka            8,500-9,500        8,500-9,500
     Moong Mill quality            n.a.            n.a.
     Moong Chamki best            8,500-8,700        8,500-8,700
     Udid Mogar Super best (100 INR/KG)    15,000-17,500       15,000-17,500
     Udid Mogar Medium (100 INR/KG)    12,300-14,800        12,300-14,800   
     Udid Dal Black (100 INR/KG)        9,400-10,700        9,400-10,700    
     Batri dal (100 INR/KG)        5,700-6,100        5,700-6,100
     Lakhodi dal (100 INR/kg)          4,400-4,850         4,400-4,850
     Watana Dal (100 INR/KG)            3,200-3,350        3,200-3,350
     Watana White (100 INR/KG)           3,200-3,400           3,200-3,400
     Watana Green Best (100 INR/KG)    3,300-3,800        3,300-3,800  
     Wheat 308 (100 INR/KG)        1,700-1,800        1,700-1,800
     Wheat Mill quality (100 INR/KG)    1,675-1,775        1,675-1,775  
     Wheat Filter (100 INR/KG)         1,650-1,850        1,650-1,850
     Wheat Lokwan best (100 INR/KG)    2,100-2,450        2,100-2,450   
     Wheat Lokwan medium (100 INR/KG)   1,950-2,200        1,950-2,200
     Lokwan Hath Binar (100 INR/KG)    n.a.            n.a.
     MP Sharbati Best (100 INR/KG)    3,600-3,950        3,600-3,950   
     MP Sharbati Medium (100 INR/KG)    3,000-3,200        3,000-3,200          
     Rice BPT best New(100 INR/KG)    2,600-2,850        2,600-2,850   
     Rice BPT medium (100 INR/KG)        2,100-2,300        2,100-2,300   
     Rice Parmal (100 INR/KG)         1,800-2,000        1,800-2,000
     Rice Swarna best (100 INR/KG)      2,200-2,450        2,100-2,400  
     Rice Swarna medium (100 INR/KG)      1,850-2,250        1,800-2,200  
     Rice HMT best New (100 INR/KG)    3,100-3,400        3,100-3,400   
     Rice HMT medium (100 INR/KG)        2,600-2,900        2,600-2,900   
     Rice Shriram best New(100 INR/KG)    4,400-4,500        4,400-4,500   
     Rice HMT medium New(100 INR/KG)    3,700-4,000        3,700-4,000   
     Rice Basmati best (100 INR/KG)    9,800-11,700        9,800-11,700    
     Rice Basmati Medium (100 INR/KG)    7,800-8,000        7,800-8,000   
     Rice Chinnor best New(100 INR/KG)    4,600-4,850        4,600-4,850   
     Rice Chinnor med. New (100 INR/KG)    4,000-4,400        4,000-4,400   
     Jowar Gavarani (100 INR/KG)        1,800-2,200        1,800-2,200   
     Jowar CH-5 (100 INR/KG)         1,700-1,800        1,700-1,800

WEATHER (NAGPUR) 
Maximum temp. 30.2 degree Celsius (86.4 degree Fahrenheit), minimum temp.
11.6 degree Celsius (52.9 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : n.a.
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 30 and 11 degree Celsius respectively.

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

 

Rice Prices

as on : 13-01-2016 08:10:21 PM
Arrivals in tonnes;prices in Rs/quintal in domestic market.
Arrivals
Price
Current
%
change
Season 
cumulative
Modal
Prev.
Modal
Prev.Yr
%change
Rice
Gadarpur(Utr)
1994.00
42.43
48697.00
2065
1993
10.43
Bazpur(Utr)
1330.00
454.17
13352.90
1714
1416
-
Etawah(UP)
780.00
11.43
10620.00
2250
2250
-
Barasat(WB)
60.00
NC
905.00
2200
2200
-
Lanka(ASM)
55.00
-8.33
1115.00
1775
1775
-
Kasimbazar(WB)
45.00
-1.1
520.50
2350
2360
-9.62
Dibrugarh(ASM)
27.00
-13.46
326.20
2550
2550
-
Mirzapur(UP)
24.00
14.29
457.00
1920
1915
6.67
Howly(ASM)
23.00
-57.8
1599.70
1300
1300
-13.33
Naugarh(UP)
19.00
46.15
276.50
2040
2045
8.51
Alipurduar(WB)
18.00
5.88
89.00
2200
2200
-
North Lakhimpur(ASM)
17.00
-22.73
607.70
1900
1900
-
Yusufpur(UP)
15.00
-50
230.00
1865
1865
-1.84
Mannargudi(Ker)
10.00
NC
225.00
2600
2600
-
Tamluk (Medinipur E)(WB)
10.00
NC
241.00
2300
2300
-
Deogarh(Ori)
9.50
5.56
214.00
2500
2500
NC
Cherthalai(Ker)
8.50
13.33
149.00
2300
2350
-
Jeypore(Kotpad)(Ori)
3.40
-54.05
85.20
3250
3250
138.97
Darjeeling(WB)
2.30
4.55
34.20
2800
2800
-
Siyana(UP)
1.50
-40
32.50
2065
2060
-
Jeypore(Ori)
1.30
-61.76
87.20
325
325
-
Kondapi(AP)
1.00
-
1.00
3900
-
-
Bonai(Bonai)(Ori)
1.00
NC
8.10
2000
2000
-25.93
Sardhana(UP)
1.00
NC
35.10
2075
2080
-

http://www.thehindubusinessline.com/economy/agri-business/article8101413.ece