· Today Rice News Headlines...
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Indo Pacific scholars get taste of Northern Territory's
agricultural sector
·
Why rice self-sufficiency eludes us
·
Rice Leadership Class Session One: The Gulf Coast
·
Nigeria: Oyo/Osun Customs Rakes in N16 Million, Restates Rice
Ban
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Yeshi Wamishe: 7 steps to reduce rice diseases
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More than 150 food producers and traders are due at Bishop
Auckland Food Festival
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LULU FOOD FIESTA ARRIVES WITH JAGUAR CAR AS PRIZE
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Rice supply, prices in Davao region stable–NFA
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NSIC okays 14 rice varieties developed by Irri, PhilRice
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Vietnam's GDP Growth Slows in First Quarter on Crude Curbs
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Feature: China's dam to help Vietnam's drought, revive arid
farming life
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Vietnam's rice export revenue expands over 40 pct in Q1
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Egypt's GASC again cancels tender to buy rice
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Paddy farmers, rubber tappers feel the heat in northern Malaysia
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Farmers record $200m net income from rice scheme
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Rice Prices
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APEDA RICE COMMODITY NEWS
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Commodity Report-March 28
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Arkansas Farm Bureau Daily Commodity Report·
Namhong Asks Malaysia to Invest in Rice Mills
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Big rice importers cancel rice imports from Vietnam
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Iran,
Namhong Asks
Malaysia to Invest in Rice Mills
Khmer Times / Ven Rathavong
Monday, 28 March 2016
oreign Minister Hor Namhong called for Malaysian
businessmen to invest in rice mills and high-quality milling technology during
a farewell meeting with the Malaysian ambassador to Cambodia, whose mission in
the Kingdom ended yesterday.Foreign Ministry spokesman Chum Sounry said Mr.
Namhong emphasized the award-winning quality of Cambodian rice during his
conversations with Ambassador Dato Raszlan Abdul Rashid. “His excellency [Mr. Namhong] told the ambassador that
Cambodian fields can produce four million tons of rice to export,” Mr. Sounry
said.But Cambodia is facing the problem of lacking rice mills to
produce quality rice for exporting to foreign markets.”Mr. Sounry added that
Mr. Abdul Rashid told Mr. Namhong that Cambodian rice is the most popular in
Malaysia. According to Mr. Sounry, Malaysian investment in Cambodian
sectors totaled $24 million in 2014, increasing to $62 million in
2015.Recently, domestic rice millers and exporters in Cambodia asked the
Commerce Ministry to prohibit imports of milled rice from Vietnam for six
months or enact policy measures to stem them in order to boost Cambodian rice
exports. It also called for both loans and improvements to infrastructure
across the sector, as many analysts fear the industry’s collapse over the next
several years. Cambodian rice variety won the World’s Best Rice award at the
annual World Rice Conference for three consecutive years, from 2012 to 2014.
Milled rice exports from the Kingdom rose about 40 percent from 2014 to 538,396
tons last year, according to government figures. Ths amount, however, fell far
short of the government’s export target of one million tons
Big rice importers cancel rice
imports from Vietnam
VietNamNet Bridge - Vietnam has
lost rice export contracts as some of its major markets including Indonesia and
the Philippines have canceled their import plans.
The Vietnam Food Association (VFA)
has confirmed the information, saying that political factors in the first
months of 2016 have affected import/export activities.Dan Viet reported that
Bulog, the Indonesian Bureau of Logistics? has ceased rice transactions with
four supply sources which have memorandum of understanding (MOU) with the
Indonesian government, namely Thailand, Pakistan, Cambodia and Vietnam in the
February plan.The head of the country’s Ministry of Agriculture believes that
Indonesia has sufficient rice for the domestic demand and no need to import
rice. The official also attributed the fluctuations of the domestic market to
speculation, affirming that this will be stopped.
|
Vietnam has lost rice export
contracts as some of its major markets including Indonesia and the
Philippines have canceled their import plans.
|
VFA has said that because of
political issues, Indonesia would not import rice until the domestic price
soars on the short supply. Import demand of the market will be clearer after Indonesia
assesses the post-harvesting yield, slated for June.The Filipino National Food
Authority (NFA) has also canceled the plan to import 400,000 tons of rice it
announced earlier this year. The country is also awaiting the information
about stocks, while it may allow private businesses to import 1 million tons of
rice under the WTO’s minimum access volume (MAV) mechanism which includes
500,000 tons from special countries and the remaining 500,000 tons from other
sources.
VFA said the Filipino import plan is also controlled by political factors. Some
officials said the mechanism allowing businessmen to import under the WTO’s MAV
has led to massive smuggling, thus badly affecting domestic production and the
country’s food self-sufficiency policy.A VFA official said the decisions by
Indonesia and the Philippines, the two major export markets, have caused
Vietnam lose big contracts. However, he does not think this would hurt
Vietnam’s rice production and export.
The rice price in the Vietnamese domestic market has been increasing rapidly as
export companies now rush to collect rice to fulfill the export contracts they
signed before. Meanwhile, the demand from China is very high.Phap Luat reported
that farmers and merchants all try to store rice in anticipation of the price
increase and short supply caused by the serious drought in Mekong River Delta.
The newspaper cited a source as
reporting that the export volume in February was 400,000 tons higher than
planned, which was 5.44 percent higher than the months before and 117 percent
than last year in the same period.“The rice price has increased by VND500 per
kilo. The price increase is seen in all provinces and cities in the region,”
said Pham Thai Binh, director of Trung An Company.
http://english.vietnamnet.vn/fms/business/153004/big-rice-importers-cancel-rice-imports-from-vietnam.html
Iran, Pakistan look set for multi-trillion
dollar zone
M.Aftab
Filed on March 28, 2016 | Last updated on March 28, 2016 at
06.47 am
President of Iran Hassan Rouhani addressing the Pakistan-Iran
Joint Business Forum.
(APP)
Tehran joining China-Pakistan Economic
Corridor project
RELATED ARTICLES
r 23, 2016
The Iran-Pakistan Summit has decided to push the fast
formation of the new Central Asia-China economic and investment trade zone that
ultimately will sweep through to embrace Turkey.Bilaterally, we will raise
their mutual trade from the present $270 million a year to $5 billion in less
then five years, Pakistani Prime Minister Nawaz Sharif said.Will it turn into a
multi-trillion dollar business zone, rivaling the EU? Many top economists and
engineers are answering with a "yes." There is a strong-prevailing
sentiment following the just concluded Islamabad Summit meeting between Iranian
President Hassan Rouhani and Prime Minister Nawaz Sharif.President Rouhani's
two-day talks at the Summit with Nawaz Shrif besides business and investment,
and Tehran joining the Chinese-built China-Pakistan Economic Corridor (CPEC) at
Beijing's urging, will also serve as "a cushion against any future US
adventurism against any of our member countries," a top source told
the Khaleej Times. "Everyone knows how hard the just-lifted US sanctions
Tehran hit Iran.
Similarly,
though Washington is at present and friendly towards Pakistan, Islamabad is
always fearful of American adventurism against itself over its nuclear prowess,
the source also said.Energy is the life of the industry which has been tied to
Iran with a big expansion and supply plan. President Rouhani announced:
"From now onwards, Iran is responsible for the provision of Pakistan's
energy and energy security. Based on our commitments in the areas of
electricity and gas, we have fulfilled them and will do so in future,
too.""Iran will inject around 12,00 megawatts of electricity. By
2018, and another 13,000 megawatts later, as our power generation is growing,
the Pakistani nation should be assured that Iran, as a strategic partner
for Pakistan will always explore its potential in the field of oil and gas to
satisfy the needs of the Pakistani nation," he assured.
The
business community, industrialists, the financial sector and consumers have
widely welcomed the decisions taken at the Iran-Pakistan Summit."The
business community is pinning high hopes over the decisions of the summit's
success and the talks between Iranian President Hassan Rouhani and Prime
Minister Nawaz Shaif," Abdul Rauf Alam, president of the Federation of
Pakistan Chambers of Commerce & Industry (FPCC&I), said.
"The decisions have begin a new era by strengthening
bilateral relations, particularly now when sanctions on Iran have been lifted,
which has opened a new era and new avenues for enhancing interaction. The
decisions will promote Iranian exports to Pakistan including export of
electricity, natural gas, crude oil and petroleum products, and the
Iran-Pakistan gas pipeline will go on stream," he said.Construction of the
1,800 kilometers of the Iran-Pakistan pipeline has been constructed on
Iran's side. The work on the Pakistan side of the pipeline, which was started
during March 2013, has not been completed due to the sanctions.
"Its unfortunate," Alam said. "Pakistan-Iran
trade, just before the sanctions were imposed, was over $1 billion a year,
which has come down to almost nothing. But after the summit, and the subsequent
signing of a number of agreements it can go up to $1 billion again."Alam
also said that the strengthening of the economic links with Iran is in the
interest of Pakistan and the whole region, as it will pave the way for
cooperation on regional and international basis, like the under-construction
China Pakistan Economic Corridor which will definitely extend from these two
countries to Iran and Afghanistan in Pakistan's west to the Central Asian
Republics (CARs), Turkey and EU in the north-and north-west.A fast track
revival, and raising the industrial output of the Pakistani economy, and
overcoming the energy shortfalls are high priority areas for Pakistan, which
can be tackled with Iranian help to achieve economic stability and raise the
GDP to 5.5-7.0 per cent range from the present 3.0-4.0 per cent.
Energy shortage eat up to two per cent of GDP annually,
according to the latest World Bank report for 2015-16.Hopes on both sides are
very high because of the centuries old relations, their closeness as their
borders meet at the shores of the Arabian sea, and United Arab Emirates-GCC
counties just across the board, their cultural and business relations.Iran is
one the second biggest economies in the region, with its exports rising as
high as $74 billion, while imports are recorded at $54 billion, according to
the official Iranian Foreign Trade data for 2014.The top Pakistani exports to
Iran have been rice, raw cotton, and petroleum products. These items,
put together, can help earn $1.283 billion annually. It includes rice at $1.6
billion, cotton at $123 million, and petroleum products at $100 million.
Add to that, a huge volume of fruits and other products like
halal meat.Mehdi Sobhani, the consul general of Iran says: "The two
countries have been enjoying good relations for years.
But, unfortunately trade and economic relations are not on equal
basis in this era of inter-dependence. Economic sanctions have been
lifted, and now there will be no hindrance to expanding trade and
economic relations. Pakistan can put an end to its energy crises after
completing its own side of the project of the Iran-Pakistan Gas Pipeline
as well as buying electricity from Iran."
The writer is based in Islamabad. Views expressed are his own
and do not reflect the newspaper's policy.
http://www.khaleejtimes.com/international/pakistan/iran-pakistan-look-set-for-multi-trillion-dollar-zone
Indo Pacific scholars get taste of
Northern Territory's agricultural sector
The Northern Territory's forestry, beef, rice and crocodile
industries have been showcased for five international researchers specialising
in agriculture.
As recipients of the John Dillon Fellowship, the group spent a
week in the Top End with Charles Darwin University and the Department of
Primary Industry.Media player: "Space" to play, "M" to
mute, "left" and "right" to seek. 00:00
00:00
The fellowships are awarded each year to scholars who are
collaborating with the Australian Centre of International Agricultural Research
from the Indo Pacific region.Dr Nyo Me Htwe, from the International Rice
Research Institute in Myanmar, said she was interested to see the rice trials
in the Top End.While rice continues to be a difficult crop to grow in northern
Australia, Dr Htwe said it was a shortage of labour proving problematic for
farmers in her country."We do not have enough labour who work in the field
for crop establishment," she said."The farmers have less education,
so they have limited access to get the good agricultural practices."So we
are now working together with them to transfer these technologies to the
farmers."
Visit helps formulate good advice for
government
Dr Martin Golman, from the Papua New Guinea Forest Research
Institute, said he hoped to find ways to attract continued funding towards
study into sustainable agriculture."We'd like to provide the best advice
to the government which will in turn make the decisions for the good of the
industry," he said."That then generates revenue for the
country."Other countries represented by fellowship recipients included
Indonesia, Cambodia, Vietnam and Pakistan.
Building
long-term relationships
As co-host of the scholars, Charles Darwin University's
Professor Andrew Campbell said the program offered the chance for strong
relationships to be established with participating countries.
"These are very senior people, very talented people ... who
are involved in agricultural research and policy," he said."That
leadership and management training is recognition that these guys are rising
stars in their own country."We would expect them to be in very senior
roles as their careers develop and we would hope to have long-term partnerships
with them."The international scholars will spend the rest of their
six-week program in other parts of Australia.
http://www.abc.net.au/news/2016-03-29/john-dillon-fellowship-scholars-darwin-agriculture/7230966
Why rice
self-sufficiency eludes us
March 28, 2016 (updated)
For us Filipinos, our inability to achieve rice
self-sufficiency is a stigma that hangs over our heads. After
all, it was only a generation ago when the
Philippines was one of the world’s most prolific rice producers and a net
exporter of the commodity. We were in the forefront of rice research what
with the International Rice Research Institute (IRRI)
headquartered in Los Baños, Laguna. Even today,
IRRI is the global epicenter of rice technology. It
provides seedlings, technologies and training not only to rice farmers in
the Philippines but around the world.The balance tipped in 1992 when
local demand exceeded production. We’ve been operating at a deficit since and
relying on imports from Vietnam and Thailand to fill the gap. We are famous
for being the world’s top importer of rice despite having vast
technologies at our disposal through IRRI.
Both the Arroyo and Aquino administrations
put earnest efforts towards achieving rice self- sufficiency. It was a
national dream. Both failed.To understand the reasons rice self-sufficiency
eludes us, I reached out to the Philippine Rice Research Institute
or “PhilRice,” an institute not many people know about. PhilRice was
established in 1985 upon the initiative of then UP President Edgardo Angara.
Back then, Angara saw the need to have an equivalent of IRRI
working solely for Philippine interest. The idea was supported by
President Marcos who signed an executive order creating PhilRice and ratified
by President Aquino. PhilRice mission was/is to champion the
country’s rice industry through science-based research and
development.
PhilRice’ mandate traverses the entire spectrum of rice
research. It includes developing new rice varieties
suitable for the varying ecosystems of the archipelago (eg.
mountainous, coastal and craggy areas, etc. );
developing efficient crop management techniques; training of
farmers and local-government units; and designing locally made farm
equipment. On the administrative side, it is responsible for policy
analysis on everything relating to rice cultivation while also
maintaining a gene bank for which more than 3,000 strains of rice have been
accumulated.
I visited PhilRice last week to better understand our rice
conundrum. This is what I found out….
Natural and Self-
Inflicted Reasons
I arrived in Nueva Ecija at about noon. The sun was blaring
and the heat was oppressive. These conditions, I was told later, are the most
conducive for rice cultivation. This is why Nueva Ecija leads the country
in rice production and why it was selected as PhilRice’ headquarters.I
came without expectations but was impressed by both the facility and the talent
at PhilRice. Its sprawling 120-hectare facility is rigged with
several laboratories capable of molecular genetics, tissue culture,
soil analysis and rice chemistry. On the premises, too, is a temperature
controlled gene bank. Most of the facilities were obtained through grants
from the Japanese and Korean governments.
More impressive, however, are the scientists,
who work there. PhilRice, I discovered, is a bastion of
our best and brightest agricultural scientists, most of them
have doctorate degrees in genealogy, botany , agriculture and the like. I
spoke to a few of them to inquire why they chose to work for PhilRice instead
of a private corporation abroad. Just as I suspected, the majority
are UP graduates with strong sentiments of nationalism. They are there to do
their part in nation-building. Others are children of agricultural
families who have vowed to improve the plight of the farmers. Patriots
are aplenty in these parts.
I was met by PhilRice Executive Director, Dr.
Calixto Protacio and Deputy Director Liza Bordey. Dr. Protacio himself has a
PhD in Plant Physiology from Pennsylvania State University
while Bordey has a masters degree in Agricultural
Economics from the University of Illinois . Going straight to the
point, I asked why we have failed to attain rice self-sufficiency
despite Agriculture Secretary Alcala’s promise to do so. More
poignantly, why Vietnam and Thailand are more productive than the Philippines
today.The answers were more complex than I thought.
The reasons are both natural and self-inflicted. On
nature’s side, both Vietnam and Thailand are fortunate in that they have
more arable land in which to cultivate rice. As of 2010,
Vietnam had 7.5 hectares of harvested land while Thailand had 11
million. In contrast, the Philippines only has 4.5 hectares.
Exacerbating the situation is the 20 or so major typhoons we experience
each year.In addition, both Thailand and Vietnam have the natural advantage
of having great water systems running across their
lands. Water systems, like the Mekong, provides natural irrigation
in places where manmade irrigation is not provided. It
also allows farms to achieve as much as three planting cycles a
year. For its part, the Philippines is an archipelago without
massive rivers running through it. We have minor river
systems like the Pampanga River and the Cagayan River, both of
which contribute to Central and Northern Luzon being our most
productive farm lands.
In terms of self-inflicted reasons, the most
obvious is our bursting population. While Thailand has 11 million
hectares of riceland to feed its 66 million population, the Philippines
has 4.5 million hectares to feed 102 million. Sheer
proportion puts the Philippines at a disadvantage.
Irrigation, or the lack thereof, is another reason weighing
heavily on us. As of last year, the National Irrigation
Authority has managed to irrigate only 68 percent of the nation’s rice
lands as opposed to nearly a hundred percent in Thailand and Vietnam.
Masagana 200
The more senior among us will remember a program called Masagana
99. At the heart of the program was to achieve an output of
99 cavans per hectare, per year.This would have made us self-sufficient in the
early 70’s when our population was just 36 million. We achieved
it. Today, 99 cavans per hectare is par for the course.
Problem is, our population has tripled.
Where do we stand today? We came close in 2013 when we
attained 96% self-sufficiency. However, the number dropped to 92% in 2014 and
89% in 2015. The Department of Agriculture blames the decline
on the El Niño phenomenon and the spate of typhoons that occurred.
Personally, I think to blame the weather is a cop out because it was
foreseeable and predictable.
Making matters worse was Malacañang’s political decision to
split the Department of Agriculture in two just to give Kiko
Pangilinan a reason to be relevant. The move only added another layer to
the already wieldy bureaucracy at the DA. What Kiko has to show for
his stint is unclear.Since our inventory of rice lands are finite due to
urbanization, the only way we can become self-sufficient is to increase
productivity, says Exec Director Protacio. Hence, the new challenge of
PhilRice is to take productivity to 200 cavans per hectare. This
comes with the caveat that it must be achieved at a production cost of
three hundred pesos per cavan (or roughly P5 per kilogram). Because after
all, what use is a bumper stock if our people cannot afford it.
Achieving 200 cavans per hectare is attainable,
says Protacio. Broadly speaking, there are three parts
to the formula. The first part is to plant strains of
rice with higher grains per stalk. No problem here as
PhilRice has already developed them. The second part is to have our farmers
adapt modern techniques of rice cultivation. This is a challenge
because the training of farmers has been devolved from
PhilRice to the local government units (PhilRice role is limited to
creating the technologies and training the trainers). This has led to
varying levels of competence among our farmers. The third part of the
formula is irrigation. This falls squarely on the hands and
shoulders of the National Irrigation Authority.
As for attaining a production cost of five pesos per kilo, the
solution is mechanization. The “Combine Harvester”is a
machine best suited for Philippine conditions. It is a integrated
piece of kit able to thresh, cut and bag palay in one conveyor-type
process. It cost around P1.75 million.Only 10% of rice farms
in the Philippines are mechanized today, says Director Borday, as
compared to nearly 100% in Thailand. There are several reasons for this. The
first is cost efficiency. See, the average size our rice
farms is only 1.04 hectares. Each hectare yields a net profit of
P100,000 a year. To invest P1.75 million for a Combine Harvester is
beyond the farmers means, with or without government
subsidies. The only way to get around this is to form
cooperatives where several farms share the cost. This is easier
said than done.
Too, there is resistance among farmers to mechanize because
it displaces the labor force.
Still, PhilRice is working hard to spread the gospel of
mechanization. Borday believes we can achieve 50% mechanization by the
turn of the decade. Unfortunately, a hundred percent is not
realistic since many farms are too narrow to accommodate the
bulky Combine harvester. Neither can they fit in
mountainous rice fields.All things considered, can the next
administration still achieve rice self-sufficiency? Yes, it’s possible.
PhilRice has done its part with the science aspect of the equation. The
weak links are in the Department of Agriculture and the National
Irrigation Authority. Only with major reforms in these agencies can we realize
this national dream.
***
Andrew is an economist, political analyst and businessman. He is a
20-year veteran in the hospitality and tourism industry. For comments and
reactions, e-mail andrew_rs6@yahoo.com. More of his business updates are
available via his Facebook page (Andrew J. Masigan). Follow Andrew on Twitter
@aj_masigan.
Read more at
http://www.mb.com.ph/why-rice-self-sufficiency-eludes-us/#tFWG7Q38ClFp8E7P.99
Rice Leadership Class Session One: The Gulf Coast
HOUSTON, TX and NEW ORLEANS, LA -- Traditionally
the Rice Leadership Development program's first session occurs in the spring
and begins with a tour through rice-producing areas of the Gulf Coast.
Stops in Texas and Louisiana include examination of rice production, milling,
marketing, research, and other aspects of the U.S. rice industry.Session I is
also the class icebreaker as it's the first time members spend quality together
since the announcement of their selection at the USA Rice Outlook Conference a
few months before.
On day one of the inaugural session earlier this
month, class member Michael Bosworth, a rice farmer from Olivehurst,
California, said, "From the outset, we appear to have a really strong
group and we're eager to get to know each other and start taking advantage of
the unique opportunities the Leadership Class presents."
In addition to Bosworth, class members are:
Imran Khan, Chico, California; Allen McLain, Abbeville, Louisiana; Sidney
Robnett, Stuttgart, Arkansas; Brandon Truax, Gillett, Arkansas; Sunny Bottoms,
Dumas, Arkansas, with Horizon Ag; and Kris Riggs, Jonesboro, Arkansas, with
Anheuser-Busch.
In Texas the class visited Riviana Foods;
RiceTec, Inc.; the Lower Colorado River Authority (LCRA); Doguet Rice Milling
Company; Rice Belt Warehouse, the state's largest storage facility; and several
rice farms.
Rice farmer Imran Khan was struck by the
differences in farming practices in the south because "coming from
California, with our specific cultural practices and varieties we plant, it's
been eye-opening to see the same crop done in a different way."
What impressed Sunny Bottoms most during the
Texas leg of the session was "the reservoir being constructed by the LCRA
near Lane City, Texas. Being from Arkansas I've never had to worry that
much about water availability, although it is a growing concern, and our issues
are typically with groundwater availability, not surface water and urban
sprawl."
Bottoms continued, "[The reservoir] is a
massive undertaking: 5 miles in perimeter and 42 feet high. We learned
about many of the issues that had to be taken into consideration before
building something of this magnitude; for instance, the seep wall that was
being constructed underground before the levee could be built on top of
it. They were able to use the native soils at the site for much of the
construction and only had to bring in some key ingredients."
During their three-day visit to Louisiana, the
class met with Farmers Rice Milling Company and toured the bioenergy plant that
supplies the company's electricity. At the South Louisiana Rail facility
in Lacassine, the group met Mark Pousson, an alumnus of the program, and toured
their state-of-the-art rail facility. Following a tour of the bagging
facility at Crowley's JohnPac, Inc., the group met with Dr. Steve Linscombe
from the Louisiana State University Rice Research Station, also an alumnus, to
review the latest rice research information.
"One of the great things about this Leadership
Program is seeing aspects of our industry that are important but we just don't
think about, like JohnPac manufacturing bags for the rice industry," said
rice farmer Sidney Robnett.
Bottoms agreed, saying, "This was one of
those industries I hadn't thought about before, and, of course, seeing how
JohnPac makes their own fabric and weaves and inks the bags was neat. But
the thing that stuck in my mind the most was how every decision we make as an
industry affects all sectors either positively or negatively. So when we
lose export markets, it hurts the bag industry as well because they are making
a product that much of our export rice is shipped in."Kris Riggs, with Anheuser-Busch, was fascinated by the
Zaunbrecher Brothers family farming operation in Duson, Louisiana, and
"the additional crawfish crop they are growing along with rice because
diversification is starting to play an integral part in agriculture."
The final stop on the tour was New Orleans, where
class members met with the Russell Marine Group to learn about river and barge
logistics, toured a mid-stream barge/ship loading unit, and met with Eurofins,
to learn about DNA and GMO testing in rice. (Click here to see a
short video of bulk rice loading onto a barge.)
At the conclusion of the week-long session,
Bottoms weighed in on the overall experience, saying, "Being able to talk
with the other class members when we're traveling around, the conversations
with other growers and industry people who have completely different
backgrounds and different experiences, you learn a lot from other passionate
people in the same industry."
The Rice Leadership Development Program is
sponsored by John Deere Company, RiceTec, Inc., and American Commodity Company
through The Rice Foundation and is managed by USA Rice.
By Sam Oluwalana
The Oyo/Osun Area Command of the
Nigerian Customs Service (NCS) says it has realised about N15.9 million as duty
on 110 vehicles, just as it restated the land importation ban on importation of
rice.The comptroller, Tope Ogunkua, while speaking at the Ogunkua command's
office in Ibadan where he paraded confiscated cars, trucks and other items,
said the decision to ban the staple food followed discovery that more of the
product was being smuggled through illegal routes"I wish to inform the
public and rice importers that the importation and payment of duty on rice
through our land borders have been banned by the Comptroller General of
Customs, Col. Hameed Ali (rtd)."This is with effect from March 25, 2016.
All those who have their duty already paid for imported rice within the
Oyo/Osun Area Command border entry points are advised to evacuate same on or
before the said date or risk losing the item."
http://allafrica.com/stories/201603280531.html
Yeshi Wamishe: 7 steps to reduce rice
diseases
Mar 25, 2016Yeshi Wamishe,
University of Arkansas | Delta Farm
Press
Disease management starts long before going to
the field to plant rice.(1) Match variety with field: To maximize productivity with minimum
risk, knowing the history of your field and using the right variety for the
field is essential. Often this may mean planting more than one or two varieties
on multiple farms.Hybrids have the best resistance to diseases such as rice
blast, bacterial panicle blight, and sheath blight. Hybrids would be good
candidates in fields with histories of such diseases. Note that hybrids are not
immune to these diseases but can be more tolerant.
However, they are more susceptible to kernel
smut and false smut. If hybrids are planted in fields with a history of the
smuts, cultural management options need to be strictly followed to reduce their
incidence and severity.
(2) Balance nutrients: Soil fertility plays a major role in disease
severity. Application of excessive nitrogen strongly favors the smuts, sheath
blight, blast, and bacterial panicle blight diseases of rice, among others. Potassium
has shown to reduce the severity of some major rice diseases including brown
spot, stem rot and likely reduces the severity of bacterial panicle blight and
sheath blight, among others.Balancing N-P-K (nitrogen-phosphorus-potassium) to
increase productivity by increasing the defense system (tolerance) of the crop
to diseases is always a good strategy.
(3) Minimize risk with planting dates: Early planting is often recommended to reduce
or escape the late-season diseases that include blast, bacterial panicle
blight, and narrow brown leaf spot and smuts, especially false smut. However,
we may also reduce environmental or weather risks by spreading out planting
dates.
(4) Reduce risk by proper water management: Effective water management reduces drought
stress, which in turn reduces stress-related diseases such as blast and panicle
blanking. Drought stress associated with sandy soils and poor irrigation
management predispose rice plants to infection by the blast pathogen.
On the other hand, drought stress by itself
results in blank panicles that can be confused with bacterial panicle blight.
Therefore, it is important to know the capacity of your water sources to
determine how much of your field can be effectively irrigated without creating
stress on your rice.
http://deltafarmpress.com/rice/yeshi-wamishe-7-steps-reduce-rice-diseases
More
than 150 food producers and traders are due at Bishop Auckland Food Festival
BY JANE HALL
The April food
extravaganza will bring the Urban Rajah back to the town and feature lots of
attractions for adults and children
Bishop Auckland Food Festival
Families are invited to enjoy
some deliciously good days out as Bishop Auckland Food
Festival (BAFF) returns.The annual showcase of great North food and drink is
set to bring more than 150 producers and traders to the town centre and
Auckland Castle on April 23 and 24.This year BAFF will welcome everything from
a brilliant barbecue to tempting chocolate, with masterclasses for both adults
and children, a range of cracking craft beers, wines and spirits, the ‘Big Bish
Bake-Off’ and the return of the legendary Bishop Auckland Pancake Race.The
festival’s pop-up restaurant, sponsored by Sainsbury’s and Bishop Auckland
College, is also set to return, this time in the form of an Indian street food
bazaar.The ‘Urban Rajah’ and his team will be cooking mouth-watering ‘burotis’,
roti style wraps packed with chicken, lamb or paneer cheese, basmati rice and
zesty kachumber salad.
Visitors will also be able to
join masterclasses in charcuterie making, cheese tasting, chocolate making,
knife skills, wine tasting or gin making.For the children there’ll be
pizza-making, fun with the Whalley Range All-Stars Pig Theatre, The Vegetable
Nannies and The Liver Cottage Kitchen.And if the food all gets too much, adults
can visit the ever-popular Tipple Tent.
Urban Rajah demo
Organised by Durham County Council and
supported by the Auckland Castle Trust and the town council, the festival has
been a popular event since 2003.Coun Neil Foster, the council’s cabinet member
for economic regeneration and culture, says: “This is the hottest event in the
county’s culinary calendar, with more than 38,000 people visiting last year.“It
is a fantastic event not just for Bishop Auckland but also for the wider
area.“As well as offering a great day out for all the family, it gives
stallholders, who come from around the region, a platform on which to show off
their produce.“It also boosts the regional economy by hundreds of thousands of
pounds.“With another great line-up, I’m sure we can expect the crowds to turn
out in force once again.”Find more about the festival and how to buy tickets
for the masterclasses atwww.bishopaucklandfoodfestival.co.uk
LULU FOOD
FIESTA ARRIVES WITH JAGUAR CAR AS PRIZE
March 27, 2016
Muscat -
The latest edition of the Lulu Food Fiesta got to a flying start
early this week with a plethora of events that transformed the entire shopping
area to a foodie’s paradise.The festival has been immensely popular over the
years and in a short while into this edition has received an overwhelming
response.Along with an array of fun competitions, for every RO10 spent on food
products, shoppers also become eligible for a raffle draw to win a grand Jaguar
XF 2.0 and fabulous Scratch & Win prizes that includes iPhones, Samsung LED
TVs, Philips Air Fryers, Lulu Gift Vouchers, Al Mudhish, Minara, Nido, Al Noor
Basmati Rice and Suntop Juice products.
Also setting the outlets buzzing with activity will be each food
product section that will
conjure up an array of different types of foods that can tickle
any palate.To top it all, there are also five Suzuki Swift hatchback cars to be
won in a raffle.Scratch & Win prizes of Lulu gift vouchers worth RO2,000
are also to be won on the purchase of RO3 worth of Sadia products.This edition
of the Food Fiesta will feature the celebrated Masterchef Ripu Dhaman Handa.
Handa will meet and interact with enthusiasts at Lulu Darsait and Bausher on
March 31 and April 1, respectively.
He will also be involved in a series of cooking demos as well as
being the judge in the Al Mudhish Cookery Contest to be held at Bausher on
April 2.“This time around we have got a few surprises in the Food Fiesta. While
there will be the popular cookery contest which will be a great platform to
encourage the art of cooking and don the chef’s hat, there will also be cooking
demos and wet sampling of various kinds; we have thrown in some fabulous gifts
to take the festival itself to a new level,” said Ananth A V, director, Lulu –
Oman & India.
Rice supply, prices in Davao region
stable–NFA
By Manuel T. Cayon / Mindanao Bureau Chief
DAVAO
CITY—The National Food Authority (NFA) here has made an assurance that rice
supply and prices are stable despite the lingering El Niño, which has slashed
paddy rice output in major rice-growing areas in the Philippines.The regional
office of the NFA issued the pronouncement after a shipload of Thailand rice
was unloaded here on Monday to beef up the agency’s inventory by an equivalent
of one month’s rice consumption.NFA city manager Virgilio B. Alerta also belied
reports that prices of rice have spiked in Digos, Davao del Sur. The province
is the Davao Region’s major palay production area where 12,000 hectares are
planted with rice.Alerta said rice prices in the region remain unchanged at P33
to P36 a kilogram (kg) for regular-milled rice, P39 to P43 a kg for well-milled
rice, P43 to P45 a kg for special-milled rice, and P46 to P47 a kg for premium
rice.
“If there
had been any changes at all, [the difference] was only 50 centavos at retail
stores,” he said.Alerta also said NFA Administrator Renan B. Dalisay, who
visited Davao del Sur, did not find evidence of a spike in rice prices in the
province. The provincial office of the food agency told Dalisay that it still
has an inventory of 160,000 50-kg bags of rice in its warehouse, equivalent to
42 days of consumption.The stocks of NFA rice here stands at 360,000 bags,
beefed up by the unloading of another 320,000 bags of rice from Thailand. Since
Thai rice is of the regular milled variant, its price has remained at P27 a kg.
This city of 1.5 million residents consumes 10,300 50-kg bags of rice daily.
“The NFA
rice serves as a buffer to the supply of commercial rice that remains abundant
in the stores and markets today,” he said.Alerta said the NFA buffer would last
until October or November, “or about the same time that the farmers would have
already planted rice after the El Niño.”“The supply of commercial rice remained
stable, and traders have the knack of finding supply elsewhere in case of a
shortage,” he added. Elsewhere in the region, the NFA said it has not received
any complaint or indication of a shortage.
NSIC okays 14 rice varieties
developed by Irri, PhilRice
The
National Seed Industry Council (NSIC) said it approved 14 new inbred and
dry-seeded rice varieties developed by the Philippine Rice Research Institute
(PhilRice), International Rice Research Institute (Irri), and the University of
the Philippines-Los Baños (UPLB) in 2015.Among the newly released varieties,
four inbreds—NSIC Rc394, Rc396, Rc402 and Rc414—and five dry-seeded—NSIC Rc416,
Rc422, Rc424, Rc426 and Rc430—were developed by the PhilRice.PhilRice said NSIC
Rc394 or Tubigan 32 is an early maturing variety, with 106 days of maturity. It
has an average yield of 5.2 metric tons (MT) per hectare across season.
NSIC
Rc396 or Tubigan 33 has an average yield of 5.1 MT per hectare and 106 days of
maturity, while NSIC Rc402 or Tubigan 36, has an average yield of 5.5 MT per
hectare and matures at 107 days.PhilRice Plant Breeding and Biotechnology
Division Head Norvie Manigbas said breeding early maturing varieties is one of
the strategies being carried out by the government as part of its
climate-change mitigation efforts.“The earlier the varieties mature, the
earlier they are ready to be harvested. Our farmers can harvest and thresh the
crop before strong typhoons or heavy drought come,” Manigbas said in a
statement.Meanwhile, NSIC Rc414 or Japonica 4, another inbred variety and a
special-purpose rice, has an average yield of 3.7 MT per hectare across season
and matures at 119 days. It has better resistance to common insect pests,
according to PhilRice.
The
PhilRice said the dry-seeded varieties in rainfed ecosystems, namely, NSIC
Rc416 (Sahod Ulan 13), Rc422 (Sahod Ulan 16), Rc424 (Sahod Ulan 17), Rc426
(Sahod Ulan 18) and Rc430 (Sahod Ulan 20), are intended for pest-prone
environments.These varieties have higher resistance to common rice pests and
diseases, such as bacterial leaf blight, blast, green leafhopper and white and
yellow stemborer.“Moreover, they have high-acceptability percentages, ranging
from 81.7 percent to 96.7 percent, in terms of general consumer preference on
grain and eating quality when cooked,” the PhilRice added.Other varieties
approved by NSIC were developed by UPLB (NSIC Rc398 and NSIC Rc418) and IRRI
(NSIC Rc400, NSIC Rc420 and NSIC Rc428
http://www.businessmirror.com.ph/nsic-okays-14-rice-varieties-developed-by-irri-philrice/
Vietnam's GDP
Growth Slows in First Quarter on Crude Curbs
March 25, 2016 — 11:56 AM PKT Updated on
March 25, 2016 — 2:15 PM PKT
Vietnam’s
economic growth slowed in the first quarter as the country’s income from crude
and agriculture production dropped.Gross domestic product rose 5.46 percent in
the first three months from a year earlier, according to data released by the
General Statistics Office in Hanoi today. That compares with the previously
reported 7.01 percent pace in the last quarter of 2015 and a median 6.1 percent
estimate in a Bloomberg survey for this quarter. The economy “faces challenges
including drops in international prices of crude oil. Any further price
declines will negatively affect the state budget this year,” according to
Nguyen Bich Lam, head of the General Statistics Office.
Vietnam typically
releases growth estimates before the end of the quarter, weeks ahead of its
peers, and the numbers are often revised later.State income from crude oil
dropped 53 percent in the first quarter, according to a statement from the
General Statistics Office.Vietnam reduced its crude oil production by 3.7
percent to 4 million metric tons in the first quarter from a year earlier as
global oil prices dropped, according to Lam. Crude oil this week extended its
retreat below $40 a barrel on global markets amid a revival in the U.S.
dollar.Rice production from the Mekong Delta, the country’s largest
rice-growing area, dropped 6.2 percent in the first quarter, dragging down
total agricultural production by 2.7 percent, according to Lam.
“Unfavorable weather with the ongoing severe
drought has hurt agricultural production this year,” Lam said.
- First
quarter exports rose 4.1 percent from a year earlier
- First
quarter imports dropped 4.8 percent from a year earlier
- Credit
growth was at 1.54 percent as of March 21 vs end-2015
- Industrial
production jumped 6.2 percent
- Manufacturing
rose 7.9 percent
- First
quarter money supply increased 3.1% as of March 2
http://www.bloomberg.com/news/articles/2016-03-25/vietnam-s-economic-growth-slowed-in-first-quarter-on-crude-curbsFeature: China's dam to
help Vietnam's drought, revive arid farming life
China's dam to
help Vietnam's drought, revive arid farming life
Source: Xinhua |
2016-03-28 11:41:08 | Editor: huaxia
File photo shows
a farmer walking on a dried shrimp pond at Thanh Phu District of Ben Tre
province in the Mekong Delta region of Vietnam, on May 15, 2013. (Xinhua/VNA)
HO CHI MINH
CITY, March 28 (Xinhua) -- Wearing a crumpled cap and no shoes or sandals,
Vietnamese farmer Vo Van Chien with a weather-beaten face is sitting barefoot
on his bone-dry rice paddy, cutting waning rice plants, and saying, "If
only water released from China's Jinghong dam could arrive here soon."Rice
plants on Chien's paddy fields have failed to flower due to the water shortage
caused by the ongoing severe drought and saltwater encroachment, meaning, he
has also failed to collect a sufficient amount of grass and rice straw to feed
his cattle."Our rice paddy plants are dying. One kg of straw costs up to
2,500 Vietnamese dong (more than 0.1 U.S. dollars). Therefore, I cut the rice
plants to feed our cows and oxen," Chien, 45, from the southern province
of Ben Tre, told Xinhua on Sunday.Putting a sickle down on the waterless strip
of land to take a short break, the farmer said canals which irrigate vast paddy
fields are becoming as dry as a bone."I have had to spend millions of
Vietnamese dong (hundreds of U.S. dollars) buying a powerful pump and long
pipes, but still failed to save our field because what little water left in the
canals is too salty due to aggressive saltwater encroachment," he
bemoaned.
Photo taken on
March 20, 2016 shows the lower reaches of Jinghong Hydropower Station in Dai
Autonomous Prefecture of Xishuangbanna of southwest China's Yunnan Province.
(Xinhua/Hu Chao)
According
to the Vietnamese Ministry of Agriculture and Rural Development, the ongoing
drought and saltwater encroachment in the Mekong Delta have made some one
million people suffer from shortage of water for domestic use and caused losses
of around 700,000 tons of rice.
Among 13
localities in the Mekong Delta, Ben Tre is being the hardest-hit by the drought
and saltwater encroachment.In addition to destroying many paddy fields and
orchards, the natural disasters have made many water plants operate
sporadically because fresh water is becoming saltier and saltier.The shortage
of running water has forced many residents in Ben Tre to buy water transported
by big boats and barges from rivers in neighboring provinces which are facing
less severe saltwater encroachment.
Everyday in
March, Luong Van Trung from Ben Tre's Mo Cay Bac District, drives his barge,
which was previously hired to transport sand, to Cai Be District, Tien Giang
Province, then pump river water into the big barge, come back to Ben Tre and
sell the water at a price of 100,000 Vietnamese dong (4.4 U.S. dollars) per
cubic meter."Besides the exorbitant price, I have to spend another 100,000
Vietnamese dong hiring a tricycle to transport river water to my house. This is
the first time in my life, I have had to buy river water for domestic
use," a 70-year-old woman named Nguyen Thi Lua told Xinhua, adding that
her extended family lives in Ben Tre City in Ben Tre Province.
In Ben Tre's
rural coastal areas, residents have had to buy freshwater from deep wells at
prices of between 150,000-200,000 Vietnamese dong (6.7-8.9 U.S. dollars) per
cubic meter.Meanwhile, one cubic meter of running water costs only 7,000-8,000
Vietnamese dong (around 0.3 U.S. dollars).At a seminar on coping with drought
and saltwater encroachment inVietnam's southern region held in mid-March in
Hanoi, Vietnamese Minister of Agriculture and Rural Development Cao Duc Phat
said, "Now, people don't have to go to the sea to feel the saltiness as
before. Now, they can taste it right from their homes, because ponds, lakes and
canals in Ben Tre have already faced serious saltwater encroachment.
"Photo
taken on March 20, 2016 shows the dam of Jinghong Hydropower Station in Dai
Autonomous Prefecture of Xishuangbanna of southwest China's Yunnan Province.
(Xinhua/Hu Chao)
At the seminar,
Chairman of the Ben Tre People's Committee, Cao Van Trong, said nearly 14,800
hectares of rice paddies in the province had been damaged by the drought and
saltwater encroachment, most of which had been completely destroyed.Moreover,
local farmers have had to buy rice straw from the neighboring province of Dong
Thap to feed their cattle, Trong said.On Sunday, still clutching his sickle to
cut dying paddy rice plants to feed his cattle, and standing in the middle of his
bone-dry rice paddy, Vo Van Chien said , "If only water released from
China's Jinghong dam could arrive here soon."The farmer said,
"Television said water released from the Jinghongdam to the Mekong River
will flow to Vietnam's border on April 4. I hope that at that time, I can save
part of my paddy field."At a government meeting on March 26 in Hanoi,
agriculture minister Cao Duc Phat said water released from Jinghong dam had
already arrived in Laos and was some 800 km away from Vietnam's border.
When the water
arrives in Vietnam, expected on April 4, it will drive the saltwater
encroachment some 20 km back to the sea, said the minister. Vietnamese
provinces along Tien and Hau rivers will benefit directly from the water
released from the Jinghong dam.In order to help alleviate drought in Laos,
Myanmar, Thailand, Cambodia and Vietnam, China has decided to release emergency
water supply from Jinghong Hydropower Station in southwestern China's Yunnan
province, to downstream Mekong River from March 15 to April 10.According to
calculations by the Mekong River Committee, Vietnam's Mekong Delta will receive
some 27 percent to 54 percent of water discharged from Jinghong dam.Sitting in
her air-conditioned room in Ben Tre City, Nguyen Thi Lua said, "It will not
rain soon. So, if water released from China's damcomes here, even if there is
no rain, the water will help ordinary people like us to save rice fields, and
cut costs on water for domestic use and on animal feeds, making our daily life
better."
Vietnam's rice export revenue expands
over 40 pct in Q1
Vietnam is expected to see a
year-on-year increase of 41.6 percent in rice export volume and 40.8 percent in
export revenue in the first quarter (Q1) of 2016, according to a report by
Vietnam's Ministry of Agriculture and Rural Development (MARD) on
Monday.Specifically, the country is estimated to export some 1.59 million tons
of rice worth 692 million U.S. dollars during the period, said the ministry.In
March alone, the country is likely to earn 274 million U.S. dollars from
shipping 629,000 tons of rice abroad, local Bao Dau Tu (Vietnam Investment
Review) online newspaper quoted the MARD report as saying on Monday.
Vietnam's average export price of
rice in the first two months hit 433 U.S. dollars per ton, down 5.78 percent
year-on-year.During the two-month period, Indonesia became the largest consumer
of Vietnamese rice with 31.42 percent of market share.Vietnam exported 330,300
tons of rice worth 131.01 million U.S. dollars to Indonesia in January-February
period, posting an increase of 213.1 times in volume and 196.3 times in value
compared to the same period of 2015, said the report.
China ranked second with 17.15
percent of the market share. In two months, China consumed 160,690 tons of rice,
worth 71.5 million U.S. dollars, up 39.2 percent in volume and 53.6 percent in
value year-on-year.During the two-month period, other markets of Vietnamese
rice witnessed remarkable growth including the Philippines, Malaysia and the
United Arab Emirates, among others, reported Bao Dau Tu.Vietnam is one of the
most important rice producers and exporters in the world. Rice plays the most
important role among agricultural commodities in Vietnam in terms of food
security, rural wages and employment, as well as export revenues.Vietnamese
rice has been present in 135 countries and regions worldwide. Endite
http://www.china.org.cn/world/Off_the_Wire/2016-03/28/content_38125644.htm
Egypt's GASC again cancels tender to
buy rice
Mon Mar 28, 2016 2:33pm GMT
ABU DHABI (Reuters) - Egypt's state grain buyer, the
General Authority for Supply Commodities (GASC), said on Monday it had
cancelled an international tender to buy an unspecified amount of rice. GASC
Vice chairman Mamdouh Abdel Fattah did not give a reason for the cancellation.
Traders said GASC had received only two valid offers for the tender, all for
Indian origin rice. A third offer had been rejected for lack of necessary
paperwork.
Another
tender seeking an unspecified amount of rice will be held with deadline for
offers on April 2, Abdel Fattah said. The tender was the second since Egypt
announced in October it was lifting an export ban on rice and placing a
2,000-Egyptian-pound-per-tonne ($225.23) export tariff on the crop. GASC
cancelled its first tender on Jan. 27 saying it needed to give more time to
suppliers to issue necessary paperwork.Egypt is attempting to import rice to
fill a supply gap in subsidised domestic goods despite having a surplus of the
crop. The North African country produced 3.75 million tonnes of rice in the
2015 season and carried over 700,000 tonnes from 2014. With consumption at 3.3
million tonnes, that leaves a surplus of more than 1 million tonnes.
http://af.reuters.com/article/investingNews/idAFKCN0WU15P
Paddy farmers, rubber tappers feel
the heat in northern Malaysia
Malaysia's
Ministry of Agriculture and Agro-based Industry says it is studying how best to
help farmers affected by this hot and dry spell, which it says has been brought
on by El Nino.
- By Sumisha
Naidu, Malaysia Correspondent, Channel NewsAsia
- Posted 25 Mar
2016 20:16
- Updated 26 Mar
2016 00:01
KEDAH:
At a rubber estate in the northern Malaysian state of Kedah, a man has slumped
to the ground, exhausted.79-year-old Ibrahim Ismail has been tapping rubber
trees at his small family estate in Jitra for 38 years - but the heat of the
past few weeks has been the worst he's ever experienced."It's so hot, I
can't do it anymore," he complains, before moving on to tap the next
tree.But in this heat, the trees aren't producing as much of the milky latex as
usual either.
The
cracked earth at a paddy field in Kedah. (Photo: Sumisha Naidu)
A few
kilometres away, paddy farmers are worrying about the weather's impact on
yields too.
Paddy is
the third most planted crop in Malaysia, fulfilling some 70 per cent of the
domestic demand for rice.Kedah and neighbouring Perlis are known as the nation's
"ricebowl states", producing more than half of the country's
homegrown supply.
Water
levels are low at an irrigation canal for paddy fields in Kedah. (Photo:
Sumisha Naidu)
But these rice bowls have been brown and dry
lately - and farmers like Mat Adam Hanapiah worry their output will suffer if
there's not more rainfall by planting season in April.
"Sowing during the dry season is possible
but the risk to the paddy is too high," he tells Channel NewsAsia.
"When it's too dry, the saplings can't come
up...they become really dry."
Malaysia's
Ministry of Agriculture and Agro-based Industry says it is studying how best to
help farmers affected by this hot and dry spell, which it says has been brought
on by El Nino.
The
ministry has already taken emergency measures including ordering more than
1,700 mobile water pumps to be sent across the country to help with irrigation
of crops.
- CNA/sk
http://www.channelnewsasia.com/news/asiapacific/paddy-farmers-rubber/2637110.html
Farmers record $200m net income from
rice scheme
March 26, 2016
Friday Olokor, AbujaThe rice revolution initiative has made Nigerian farmers to record
an estimated $200m (N39.4bn) in net incomes in the past two years.The
development has therefore created wealth for the farmers and their communities,
according to a policy expert and Coordinator of Africa Regional Climate Change
Programme under the United Nations Environment Programme, Dr. Richard Munang.
He believes that diversifying into other sectors such as an
optimised agro-sector, services and manufacturing will help boost growth in the
sector.Munang spoke in Abuja during the inauguration of the Nigerian chapter of
Ecosystem-based Adaptation for Food Security Assembly, with the theme,
‘Reshaping Nigeria’s food security and climate resilience through EBAFOSA.’At
the event, the Minister of Budget and National Planning, Senator Udo Udoma, who
was represented by the Director of Administration in the ministry, Chris
Ezeilo, said EBAFOSA which seeks to combat food insecurity, climate change,
ecosystems degradation and poverty in Africa, using innovative approach, now
has a membership of 2,000 in Nigeria.Manung said that although Africa holds 65
per cent of the world’s arable land and 10 per cent of internal renewable fresh
water sources and a projected agro-value chain worth $1tn by 2030, the reality
on the ground was appalling.
While quoting the World Bank reports that in Africa, a 10 per cent
increase in crop yields translates into approximately a seven per cent
reduction in poverty, the policy expert said Nigeria was already demonstrating
high potential of an optimised agro-sector.He said, “Unleashing a rice
revolution has produced 1.8 million metric tonnes of rice paddy within two
years and created 460,000 jobs, especially for the youth. In addition, farmers’
net incomes increased by an estimated $200m, creating wealth for farmers and
their communities. This is only a fraction of the potential Nigeria can
realise.“Distinguished guests, when Nigeria succeeds, Africa succeeds. Nigeria
holds about one-fifth of the continents population. If empowered, this will be
the largest consolidated market in the continent.”
http://www.punchng.com/farmers-record-200m-net-income-from-rice-scheme/
Rice Prices
as on :
28-03-2016 08:10:39 PM
Arrivals
in tonnes;prices in Rs/quintal in domestic market.
|
Arrivals
|
Price
|
|
Current
|
%
change
|
Season
cumulative
|
Modal
|
Prev.
Modal
|
Prev.Yr
%change
|
|
Rice
|
|
Bangalore(Kar)
|
2250.00
|
48.32
|
100890.00
|
4000
|
4000
|
-5.88
|
|
Siliguri(WB)
|
680.00
|
17.24
|
3222.00
|
2600
|
2600
|
-
|
|
Varanasi(Grain)(UP)
|
410.00
|
-38.81
|
8205.00
|
1980
|
1960
|
-0.25
|
|
Allahabad(UP)
|
190.00
|
58.33
|
5380.00
|
2180
|
2160
|
2.35
|
|
Srirampur(ASM)
|
180.00
|
12.5
|
4535.00
|
2600
|
2600
|
1.96
|
|
Azamgarh(UP)
|
180.00
|
9.09
|
3696.50
|
1930
|
2000
|
-
|
|
Bahraich(UP)
|
175.00
|
7.36
|
3398.50
|
2075
|
2070
|
-0.24
|
|
Gondal(UP)
|
135.00
|
365.52
|
10956.10
|
2070
|
2065
|
2.99
|
|
Sitapur(UP)
|
135.00
|
NC
|
6012.00
|
2200
|
2160
|
7.84
|
|
Bareilly(UP)
|
116.50
|
18.88
|
6434.50
|
2275
|
2225
|
10.98
|
|
Etawah(UP)
|
100.00
|
-66.67
|
18340.00
|
2280
|
2270
|
3.17
|
|
Aligarh(UP)
|
85.00
|
13.33
|
2455.00
|
2120
|
2100
|
9.84
|
|
Pilibhit(UP)
|
84.00
|
-12.5
|
17608.00
|
2195
|
2185
|
0.69
|
|
Gangavathi(Kar)
|
83.00
|
76.6
|
386.00
|
2461
|
2451
|
-
|
|
Baberu(UP)
|
80.00
|
900
|
99.00
|
2100
|
2100
|
-
|
|
Mainpuri(UP)
|
75.00
|
17.19
|
983.00
|
2000
|
2020
|
3.09
|
|
Kalipur(WB)
|
75.00
|
-16.67
|
4127.00
|
2050
|
2050
|
NC
|
|
Shahjahanpur(UP)
|
74.00
|
57.45
|
40020.10
|
2210
|
2220
|
9.14
|
|
Ghaziabad(UP)
|
70.00
|
NC
|
2070.00
|
2145
|
2130
|
1.42
|
|
Achalda(UP)
|
70.00
|
16.67
|
2972.50
|
2270
|
2770
|
2.02
|
|
Saharanpur(UP)
|
70.00
|
-16.67
|
3972.00
|
2165
|
2150
|
1.64
|
|
Coochbehar(WB)
|
67.50
|
5.47
|
983.00
|
2050
|
2100
|
-4.65
|
|
Jorhat(ASM)
|
60.00
|
9.09
|
1185.00
|
2700
|
2700
|
-3.57
|
|
Wahiajer(Meh)
|
60.00
|
NC
|
120.00
|
3500
|
3500
|
-
|
|
Barasat(WB)
|
55.00
|
-15.38
|
2100.00
|
2300
|
2300
|
NC
|
|
Junagarh(Ori)
|
51.04
|
-10.92
|
946.67
|
2100
|
2100
|
NC
|
|
Samsi(WB)
|
50.00
|
NC
|
15410.00
|
2800
|
2800
|
-
|
|
Pandua(WB)
|
46.00
|
-8
|
1327.00
|
2550
|
2500
|
-5.56
|
|
Haathras(UP)
|
45.00
|
NC
|
405.00
|
2120
|
2145
|
9.84
|
|
Beldanga(WB)
|
44.00
|
-8.33
|
1451.50
|
2290
|
2290
|
-8.40
|
|
Mangalore(Kar)
|
41.00
|
-2.38
|
166.00
|
2900
|
2900
|
-2.68
|
|
Karimganj(ASM)
|
40.00
|
NC
|
1360.00
|
2200
|
2200
|
4.76
|
|
Sikandraraau(UP)
|
40.00
|
-
|
40.00
|
2150
|
-
|
-
|
|
Bindki(UP)
|
40.00
|
-55.56
|
2161.00
|
2300
|
2265
|
10.84
|
|
Kalahandi(Dharamagarh)(Ori)
|
38.68
|
-49.32
|
622.44
|
2100
|
2100
|
-4.55
|
|
Gazipur(UP)
|
38.00
|
-11.63
|
1338.00
|
1945
|
1940
|
-2.26
|
|
Purulia(WB)
|
36.00
|
44
|
1597.00
|
2120
|
2180
|
-9.79
|
|
Muzzafarnagar(UP)
|
35.00
|
66.67
|
985.00
|
2180
|
2170
|
5.06
|
|
Jaunpur(UP)
|
33.00
|
-23.26
|
1095.00
|
1930
|
1935
|
-1.53
|
|
Balurghat(WB)
|
32.00
|
33.33
|
304.00
|
2780
|
2730
|
-
|
|
Sirsaganj(UP)
|
30.00
|
20
|
55.00
|
3600
|
1990
|
80.00
|
|
Dhekiajuli(ASM)
|
28.00
|
14.29
|
800.00
|
1900
|
1900
|
1.60
|
|
North Lakhimpur(ASM)
|
25.00
|
267.65
|
1161.70
|
1900
|
1900
|
-
|
|
Dadri(UP)
|
25.00
|
-44.44
|
1582.00
|
2140
|
2130
|
1.42
|
|
Lohardaga(Jha)
|
24.00
|
20
|
677.00
|
1950
|
1750
|
14.71
|
|
Chintamani(Kar)
|
22.00
|
-70.67
|
340.00
|
2050
|
2050
|
2.50
|
|
Jalpaiguri Sadar(WB)
|
22.00
|
-12
|
676.00
|
2750
|
2750
|
1.85
|
|
Yusufpur(UP)
|
21.00
|
NC
|
552.00
|
1920
|
1900
|
1.05
|
|
Banda(UP)
|
20.00
|
NC
|
347.50
|
2160
|
2175
|
-
|
|
Mekhliganj(WB)
|
20.00
|
NC
|
513.00
|
2050
|
2100
|
10.81
|
|
Partaval(UP)
|
19.00
|
-5
|
1086.00
|
2100
|
2075
|
7.97
|
|
Alipurduar(WB)
|
19.00
|
NC
|
327.00
|
2200
|
2200
|
2.33
|
|
Firozabad(UP)
|
18.00
|
5.88
|
488.00
|
2000
|
2060
|
1.01
|
|
Shikohabad(UP)
|
18.00
|
-10
|
395.50
|
1930
|
1980
|
-6.31
|
|
Meerut(UP)
|
18.00
|
-10
|
440.50
|
2200
|
2200
|
3.77
|
|
Udala(Ori)
|
17.00
|
NC
|
720.00
|
2800
|
2800
|
12.00
|
|
Kolaghat(WB)
|
17.00
|
-5.56
|
421.00
|
2300
|
2300
|
15.00
|
|
Tamluk (Medinipur E)(WB)
|
17.00
|
6.25
|
459.00
|
2300
|
2300
|
21.05
|
|
Jajpur(Ori)
|
16.00
|
-20
|
274.00
|
2200
|
2200
|
-15.38
|
|
Dibrugarh(ASM)
|
15.50
|
19.23
|
904.30
|
2400
|
2400
|
-
|
|
Jasra(UP)
|
15.00
|
NC
|
472.50
|
1985
|
2000
|
-1.98
|
|
Champadanga(WB)
|
15.00
|
25
|
639.00
|
2350
|
2350
|
-9.62
|
|
Dahod(Guj)
|
14.00
|
-68.4
|
911.60
|
3900
|
3900
|
-7.14
|
|
Raiganj(WB)
|
14.00
|
7.69
|
682.00
|
2800
|
2750
|
12.00
|
|
Medinipur(West)(WB)
|
14.00
|
-12.5
|
479.00
|
2400
|
2400
|
2.13
|
|
Divai(UP)
|
13.50
|
-3.57
|
226.50
|
2040
|
2060
|
0.74
|
|
Pundibari(WB)
|
13.00
|
4
|
155.50
|
2050
|
2050
|
-3.53
|
|
Falakata(WB)
|
12.50
|
-38.12
|
308.80
|
2020
|
2020
|
-12.17
|
|
Amroha(UP)
|
12.00
|
-
|
16.00
|
2240
|
-
|
-
|
|
T. Narasipura(Kar)
|
10.00
|
11.11
|
31.00
|
1500
|
1500
|
7.14
|
|
Kottayam(Ker)
|
10.00
|
NC
|
110.00
|
3500
|
3500
|
16.67
|
|
Bampada(Ori)
|
10.00
|
NC
|
160.00
|
2500
|
2500
|
NC
|
|
Barikpur(Ori)
|
10.00
|
NC
|
110.00
|
2500
|
2500
|
NC
|
|
Mirzapur(UP)
|
9.00
|
-25
|
1145.00
|
1950
|
1945
|
-1.02
|
|
Muradabad(UP)
|
9.00
|
-25
|
405.50
|
2280
|
2275
|
12.87
|
|
Khairagarh(UP)
|
8.50
|
21.43
|
283.00
|
2100
|
2130
|
5.00
|
|
Wansi(UP)
|
8.50
|
-50
|
52.50
|
2060
|
2065
|
9.57
|
|
Kaliaganj(WB)
|
8.00
|
-20
|
474.00
|
2600
|
2550
|
6.12
|
|
Katwa(WB)
|
8.00
|
-11.11
|
129.50
|
2100
|
2100
|
-4.55
|
|
Bolangir(Ori)
|
7.50
|
-6.25
|
171.00
|
2200
|
2200
|
-8.33
|
|
K.R.Nagar(Kar)
|
7.00
|
75
|
11.00
|
2000
|
1800
|
17.65
|
|
Tusura(Ori)
|
7.00
|
NC
|
161.50
|
2200
|
2200
|
-8.33
|
|
Dudhi(UP)
|
6.50
|
-
|
11.50
|
1985
|
-
|
1.79
|
|
Karsiyang(Matigara)(WB)
|
6.50
|
8.33
|
66.80
|
2600
|
2600
|
-
|
|
Chengannur(Ker)
|
6.00
|
-14.29
|
424.50
|
2500
|
2400
|
-10.71
|
|
Silapathar(ASM)
|
5.70
|
-3.39
|
477.10
|
3000
|
3000
|
NC
|
|
Jeypore(Kotpad)(Ori)
|
5.50
|
-66.46
|
189.60
|
3250
|
3250
|
NC
|
|
Tilhar(UP)
|
5.00
|
400
|
820.50
|
2220
|
2225
|
7.25
|
|
Buland Shahr(UP)
|
5.00
|
-66.67
|
334.00
|
2045
|
2030
|
NC
|
|
Islampur(WB)
|
4.00
|
33.33
|
227.90
|
2150
|
2150
|
-
|
|
Imphal(Man)
|
3.40
|
NC
|
154.80
|
2900
|
2900
|
NC
|
|
Alibagh(Mah)
|
3.00
|
NC
|
93.00
|
4000
|
4000
|
150.00
|
|
Murud(Mah)
|
3.00
|
NC
|
165.00
|
3000
|
3000
|
87.50
|
|
Farukhabad(UP)
|
3.00
|
-25
|
184.20
|
2170
|
2165
|
-0.69
|
|
Gulavati(UP)
|
3.00
|
NC
|
34.00
|
2090
|
2080
|
2.45
|
|
Chorichora(UP)
|
3.00
|
NC
|
272.65
|
2080
|
2080
|
5.85
|
|
Bonai(Bonai)(Ori)
|
2.00
|
NC
|
85.10
|
2000
|
2000
|
-9.09
|
|
Sardhana(UP)
|
1.50
|
50
|
63.80
|
2150
|
2150
|
3.86
|
|
Chutmalpur(UP)
|
1.50
|
-
|
1.50
|
2180
|
-
|
-
|
|
Dibiapur(UP)
|
1.20
|
-85
|
94.20
|
2250
|
2240
|
2.27
|
|
Mawana(UP)
|
1.00
|
NC
|
18.20
|
2175
|
2150
|
5.58
|
|
Lamlong Bazaar(Man)
|
1.00
|
-37.5
|
48.80
|
2900
|
2800
|
NC
|
|
Kalimpong(WB)
|
0.80
|
-33.33
|
25.30
|
2400
|
2400
|
-7.69
|
http://www.thehindubusinessline.com/economy/agri-business/article8405022.ece
APEDA RICE COMMODITY NEWS
|
International
Benchmark Price
|
|
Price on: 21-03-2016
|
|
Product
|
Benchmark
Indicators Name
|
Price
|
|
Garlic
|
|
1
|
Chinese first grade granules, CFR NW Europe (USD/t)
|
3500
|
|
2
|
Chinese Grade A dehydrated flakes, CFR NW Europe (USD/t)
|
4500
|
|
3
|
Chinese powdered, CFR NW Europe (USD/t)
|
3000
|
|
Ginger
|
|
1
|
Chinese sliced, CIF NW Europe (USD/t)
|
2150
|
|
2
|
Chinese whole, CIF NW Europe (USD/t)
|
2300
|
|
3
|
Indian Cochin, CIF NW Europe (USD/t)
|
2850
|
|
Guar
Gum Powder
|
|
1
|
Indian 100 mesh 3500 cps, FOB Kandla (USD/t)
|
3750
|
|
2
|
Indian 200 mesh 3500 cps basis, FOB Kandla (USD/t)
|
1150
|
|
3
|
Indian 200 mesh 5000 cps, FOB Kandla (USD/t)
|
2270
|
|
Source:agra-net
|
For more info
|
|
|
Market
Watch
|
|
Commodity-wise, Market-wise Daily Price on
26-03-2016
|
|
Domestic Prices
|
Unit Price : Rs per Qty
|
|
Product
|
Market Center
|
Variety
|
Min Price
|
Max Price
|
|
Rice
|
|
1
|
Manjeri (Kerala)
|
Other
|
2700
|
3700
|
|
2
|
Bangalore (Karnataka)
|
Medium
|
3800
|
4200
|
|
3
|
Samsi (West Bengal)
|
Fine
|
2790
|
2820
|
|
Wheat
|
|
1
|
Manvi (Karnataka)
|
Other
|
1980
|
1985
|
|
2
|
Dehgam (Gujarat)
|
Other
|
1430
|
1690
|
|
3
|
Sangli (Maharashtra)
|
Other
|
1750
|
2750
|
|
Papaya
|
|
1
|
Jagraon (Punjab)
|
Other
|
1500
|
1800
|
|
2
|
Bharuch (Gujarat)
|
Other
|
800
|
1200
|
|
3
|
Sitapur (Uttar Pradesh)
|
Other
|
900
|
1100
|
|
Onion
|
|
1
|
Palayam (Kerala)
|
Other
|
1000
|
1200
|
|
2
|
Jatni (Orissa)
|
Other
|
1100
|
1300
|
|
3
|
Barnala (Punjab)
|
Other
|
700
|
1000
|
|
|
For more info
|
|
|
Egg
|
Rs per 100 No
|
|
Price on 26-03-2016
|
|
Product
|
Market Center
|
Price
|
|
1
|
Pune
|
347
|
|
2
|
Chittoor
|
338
|
|
3
|
Nagapur
|
322
|
|
|
|
|
Other
International Prices
|
Unit Price : US$ per package
|
|
Price on 25-03-2016
|
|
Product
|
Market Center
|
Origin
|
Variety
|
Low
|
High
|
|
Potatoes
|
Package: 50 lb cartons
|
|
1
|
Atlanta
|
Colorado
|
Russet
|
17
|
17.50
|
|
2
|
Chicago
|
Idaho
|
Russet
|
14
|
16
|
|
2
|
Detroit
|
Wisconsin
|
Russet
|
16
|
16.50
|
|
Cauliflower
|
Package: cartons film wrapped
|
|
1
|
Atlanta
|
Mexico
|
White
|
16
|
16.50
|
|
2
|
Dallas
|
California
|
White
|
17.50
|
19.50
|
|
3
|
Philadelphia
|
Canada
|
White
|
15
|
17
|
|
Grapefruit
|
Package: cartons tray pack
|
|
1
|
Atlanta
|
Virginia
|
Red Delicious
|
25.50
|
26
|
|
2
|
Chicago
|
Washington
|
Red Delicious
|
22
|
22.50
|
|
3
|
Miami
|
Virginia
|
Red Delicious
|
18
|
21
|
|
Source:USDA
|
|
|
International
Benchmark Price
|
|
Price on: 25-03-2016
|
|
Product
|
Benchmark
Indicators Name
|
Price
|
|
Apricots
|
|
1
|
Turkish No. 2 whole pitted, CIF UK (USD/t)
|
4625
|
|
2
|
Turkish No. 4 whole pitted, CIF UK (USD/t)
|
4125
|
|
3
|
Turkish size 8, CIF UK (USD/t)
|
3625
|
|
Raisins
|
|
1
|
Californian Thompson seedless raisins, CIF UK (USD/t)
|
2311
|
|
2
|
South African Thompson seedless raisins, CIF UK (USD/t)
|
2335
|
|
Sultanas
|
|
1
|
Iranian natural sultanas (Gouchan), CIF UK (USD/t)
|
1813
|
|
2
|
South African Orange River, CIF UK (USD/t)
|
2733
|
|
3
|
Turkish No 9 standard, FOB Izmir (USD/t)
|
1700
|
|
Source:agra-net
|
For more info
|
|
|
Market
Watch
|
|
Commodity-wise, Market-wise Daily Price on
26-03-2016
|
|
Domestic Prices
|
Unit Price : Rs per Qty
|
|
Product
|
Market Center
|
Variety
|
Min Price
|
Max Price
|
|
Rice
|
|
1
|
Manjeri (Kerala)
|
Other
|
2700
|
3700
|
|
2
|
Bangalore (Karnataka)
|
Medium
|
3800
|
4200
|
|
3
|
Samsi (West Bengal)
|
Fine
|
2790
|
2820
|
|
Wheat
|
|
1
|
Manvi (Karnataka)
|
Other
|
1980
|
1985
|
|
2
|
Dehgam (Gujarat)
|
Other
|
1430
|
1690
|
|
3
|
Sangli (Maharashtra)
|
Other
|
1750
|
2750
|
|
Papaya
|
|
1
|
Jagraon (Punjab)
|
Other
|
1500
|
1800
|
|
2
|
Bharuch (Gujarat)
|
Other
|
800
|
1200
|
|
3
|
Sitapur (Uttar Pradesh)
|
Other
|
900
|
1100
|
|
Onion
|
|
1
|
Palayam (Kerala)
|
Other
|
1000
|
1200
|
|
2
|
Jatni (Orissa)
|
Other
|
1100
|
1300
|
|
3
|
Barnala (Punjab)
|
Other
|
700
|
1000
|
|
|
For more info
|
|
|
Egg
|
Rs per 100 No
|
|
Price on 28-03-2016
|
|
Product
|
Market Center
|
Price
|
|
1
|
Ahmedabad
|
350
|
|
2
|
Hyderabad
|
325
|
|
3
|
Chittoor
|
348
|
|
|
|
|
Other
International Prices
|
Unit Price : US$ per package
|
|
Price on 28-03-2016
|
|
Product
|
Market Center
|
Origin
|
Variety
|
Low
|
High
|
|
Onions
Dry
|
Package: 40 lb cartons
|
|
1
|
Atlanta
|
Mexico
|
Yellow
|
21
|
22.25
|
|
2
|
Chicago
|
Peru
|
Yellow
|
24
|
24
|
|
2
|
Detroit
|
California
|
Yellow
|
17
|
18
|
|
Carrots
|
Package: 20 1-lb film bags
|
|
1
|
Atlanta
|
California
|
Baby Peeled
|
20.25
|
20.75
|
|
2
|
Dallas
|
Mexico
|
Baby Peeled
|
17
|
20
|
|
3
|
Chicago
|
California
|
Baby Peeled
|
17
|
17.50
|
|
Grapes
|
Package: 18 lb containers bagged
|
|
1
|
Atlanta
|
Peru
|
Red Globe
|
22
|
24.50
|
|
2
|
Chicago
|
Chile
|
Red Globe
|
18.50
|
18.50
|
|
3
|
Miami
|
Peru
|
Red Globe
|
17
|
20
|
|
Source:USDA
|
|
Commodity Report-March 28
Published March
28, 2016
Today’s commodity report: Weekly
Rice Summary, California Shell Eggs: Daily Egg Report, Shell Eggs: Daily
National Egg Market and other commodity end of the day market numbers.
Weekly Rice
Summary
In the south, long and medium
grain milled rice prices steady to weak. Parboiled, Second heads and Brewers
prices steady. Rice by-products: Rice Bran, Millfeed and ground hulls steady on
uneven spot sales with good demand. Rice planting underway in some areas of the
South.
In California, medium grain
milled rice prices steady. Second heads and Brewers steady to weak. Rice
by-products: Rice Bran prices steady. Rice hulls spot trade not well tested. As
of March 18, California snowpack stands at 89% of the April 1 average, the time
of maximum historical snow accumulation. Southern Sierra snowpack is at only
77% of the April 1 average. Although water storage is recovering in some of the
large Sacramento Valley reservoirs, the drought is not over.
CME Rough Rice settlements for
Thursday 24th, May 16 closed .04 lower at 10.265; Jul 16 closed .035 lower at
10.54; Sep 16 closed .04 lower at 10.705. US dollar index on Thursday settled
at 96.13. Milled rice market mostly quiet.
California Shell Eggs: Daily Egg
Report
Benchmark prices are 20 cents
lower for Jumbo and 22 cents lower for all other sizes. Trade sentiment is
sharply lower. Retail and food service demand is moderate. Offerings are
moderate to usually heavy. Supplies are moderate to heavy for all sizes. Market
activity is slow. Small benchmark price $1.13.
Shell egg marketer’s benchmark
price for negotiated egg sales of USDA Grade AA and Grade AA in cartons, cents
per dozen. This price does not reflect discounts or other contract terms.
|
RANGE
|
|
JUMBO
|
156
|
|
EXTRA LARGE
|
152
|
|
LARGE
|
145
|
|
MEDIUM
|
133
|
Shell Eggs: Daily National Egg
Market
Regional and California prices
are 20 cents lower for Jumbo, 7 to 22 cents lower for Extra Large and Large, 12
to 22 cents lower for Medium and 22 cents lower for Small. New York prices are
4 cents lower on all sizes. The undertone is lower to sharply lower. Supplies
range light to heavy, usually moderate to heavy. Present offerings are moderate
to heavy. Retail and food service demand is light to fairly good. Market
activity is slow to occasionally moderate. Breaking stock supplies are moderate
for full-time breaking schedules. Offerings of light type hens are fully
sufficient for mostly normal processing schedules.
Monday’s Commodity Market ending
market numbers:
Corn
May Corn ended at $3.70 1/2 increasing 1/2 cent, July ended at $3.74 3/4
gaining 1/4 cent.
Soybeans
May Soybeans ended at 9.09 down 1 1/2 cent, July ended at 9.16 decreasing 1 3/4
cent.
Wheat
May Wheat ended at $4.71, gaining 8 cents, July Wheat ended at $4.78 up 7 1/4
cents.
Rough Rice
May Rough Rice ended at 10.19 down 0.075, July ended at 10.465 decreasing
0.075.
Live Cattle
April Live Cattle ended at $135.10 decreasing $0.75 and June ended at $125.525
up $0.15 and August ended at $121.35 gaining $0.525.
Feeder Cattle
April Feeder Cattle ended at $155.575 droppng $0.25 and May ended at $154.85
decreasing $0.175 and August ended at $154.725 down $0.125.
Lean Hogs
April Lean Hogs ended at $69.925 increasing $0.30, May ended at $78.275 up
$1.625
Class III Milk
March Class III Milk ended at $13.77 unchanged, April ended at $13.84
decreasing $0.02 and May ended at $13.75 losing $0.03.
#2 Cotton
May #2 Cotton ending at 57.80 gaining 0.08, July ended at 57.71 up 0.13.
Sugar #11
May sugar #11 ended at 15.94 up $0.07 and July ended at 16.03 increasing $0.15.
Orange Juice
May Orange Juice ended at 135.10 dropping $0.80, July ending at 134.90 down
$0.80.
http://agnetwest.com/2016/03/28/commodity-report-march-28/
Arkansas Farm Bureau Daily
Commodity Report
Rice
|
High
|
Low
|
|
Long Grain
Cash Bids
|
- - -
|
- - -
|
|
Long Grain
New Crop
|
- - -
|
- - -
|
|
|
|
Futures:
|
|
|
|
|
High
|
Low
|
Last
|
Change
|
|
|
|
|
|
|
May '16
|
1028.5
|
1016.5
|
1019.0
|
-7.5
|
|
Jul '16
|
1053.0
|
1046.0
|
1046.5
|
-7.5
|
|
Sep '16
|
1071.0
|
1063.5
|
1063.5
|
-7.0
|
|
Nov '16
|
1078.0
|
1078.0
|
1077.5
|
-4.5
|
|
Jan '17
|
|
|
1093.5
|
-3.0
|
|
Mar '17
|
|
|
1095.0
|
-2.0
|
|
May '17
|
|
|
1095.0
|
-2.0
|
|
|
Rice Comment
Rice
prices were lower across the board again today. A marketing year low of just
14,500 MT of rice were sold this week, which was down 32-percent from last week
and 82-percent from the previous 4-week average. Overall rice exports are up
slightly year-to-date compared to last year; however the market still needs
additional sales to materialize as outstanding sales remain well below year ago
levels. Rice continues to search for additional demand, as demand this year is
forecast down 4-percent from last year.
