Asia rice is low, Thai prices draw African buyers
HANOI - Thai rice export prices hovered around 13-month lows over
the past week, attracting more African buyers and leading to dull trade in
Vietnam, traders said on Wednesday.Thai benchmark 5 percent broken rice prices
narrowed to $345-$348 a tonne on Wednesday, free-on-board (FOB) basis, from
$345-$350 a tonne a week ago when they hit their lowest in 13 months.A
Bangkok-based trader said rice prices would be somewhat stable with sellers
reluctant to sell given the government intervention in place.
The rainy season may also have an impact on rice prices, said
another trader."The recent rain will prompt farmers to harvest more rice
as they fear that their rice will get spoiled and this might have an effect on
rice prices," he said.Thailand and Vietnam are the world's second- and
third-biggest rice exporters after India.The fall in Thai rice prices has
raised concerns among Vietnamese exporters of the grain, as their quotations
for the 5 percent broken rice <RI-VNBKN5-P1> stood at $350 a tonne, FOB
basis, against $350-$355 last Wednesday."Thai rice prices are falling and
that could attract African buyers while Vietnam could not do anything because
their rice stock has been built at an already high cost," said a trader at
a foreign firm in Ho Chi Minh City.
Traders said last week African buyers had already switched to
rice offered by Thailand and Pakistan.But Vietnamese exporters may have to sell
their stocks soon to free up their warehouse space in preparation for the next
crop, traders said."Vietnam may have to lower prices as it awaits the new
crop," said a second trader in Ho Chi Minh City.
Vietnamese farmers will start harvesting the winter-spring crop,
the biggest among their three crops a year, from next February in the
Mekong Delta food basket.On the grain market outlook, bumper U.S. harvests,
high stocks, and broadly favourable South American 2016/17 harvest prospects
will prevent prices from staging a more significant rally, BMI Research said in
a report on Nov. 3.
"The loss by (Democrat Hillary) Clinton in the U.S.
election is a considerable downside risk for agricultural commodity
prices," the report added.Republican Donald Trump stunned the world by
defeating heavily favoured Clinton in Tuesday's presidential election, ending
eight years of Democratic rule and sending the United States on a new, uncertain
path
http://www.agweek.com/news/nation-and-world/4155665-asia-rice-low-thai-prices-draw-african-buyers
India Gate Basmati Rice assigns
creative and digital duties to MullenLowe Lintas Group
Lowe Lintas Delhi will handle the creative services for the
brand, while LinTeractive will work towards offering core digital capabilities.MullenLowe Lintas Group has won the creative and digital services
of India Gate Basmati Rice, a rice brand. As part of the mandate win, Lowe
Lintas Delhi will handle the creative services for the brand, while
LinTeractive will work towards offering core digital capabilities for the same.
Commenting on the association with
the two divisions of MullenLowe Lintas Group, Ayush Gupta, marketing head, KRBL
Limited says, "We have decided to associate ourselves with Lowe Lintas
Delhi which is currently the top creative agency in the world as per WARC 2016,
and also LinTeractive as we saw immense promise in their plan for our brand.
Our decision was based on the agency's reputation for delivering the highest
ROI to its clients with their creative effectiveness and problem-solving
attitude. We are confident that India Gate Basmati Rice will become a household
name in the coming months, and be a highly preferred option for consumers
throughout the country."
India Gate Basmati Rice is part of
KRBL Limited, which is a 120-year-old firm dealing in branded basmati rice.
MullenLowe Lintas Group claims to
be one of the largest country operations of the MullenLowe Group part of the
Interpublic Group of Companies. It has operating divisions in advertising (Lowe
Lintas, Mullen Lintas), design (dCell), public relations (PR) (GolinOpinion),
brand consulting (LinConsult), experiential marketing and activation
(LinEngage), video content (LinProductions) and digital marketing
(LinTeractive).
Lowe Lintas is a creative agency
offering from MullenLowe Lintas Group, India. Headquartered in Mumbai, it has
offices in Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, New Delhi (NCR)
and Pune. Its clientele in India and the Asia Pacific includes Hindustan
Unilever Limited (HUL), for which the agency handles 21 brands, Axis Bank,
Britannia, Dabur, Flipkart, FreeCharge, Google, Idea Cellular, MRF, OLX, and
Tanishq among others.
PHL rice stocks
up 4.12% in October–PSA
NOVEMBER 10, 2016
In its monthly report, titled
“Rice and Corn Stocks Inventory,” the PSA said the October figure was 28.77
percent higher than September’s inventory level of 1.78 MMT.
“The total rice inventory for
this month would be sufficient for 67 days,” the PSA report read.
“Stocks in the households would
be enough for 29 days, those in commercial warehouses for 23 days and those in
NFA depositories for 15 days,” it added.
Of the rice inventory as of
October 1, the PSA said 43.33 percent were with the households, 34.46 percent
in commercial warehouses and 22.21 percent in NFA depositories. Majority, or
77.49 percent, of NFA stocks consisted of imported rice.
PSA data showed that NFA stocks
during the period reached 507.93 metric tons (MT), while commercial warehouses
accounted for 787,910 MT. Rice in households reached 990,730 MT.
“Compared with last year, rice
stocks in the households and in commercial warehouses increased by 27.43
percent and 18.30 percent, respectively. On the other hand, stocks in NFA
depositories decreased by 32.52 percent,” the report read.
On a monthly basis, rice stocks in households and commercial
warehouses were higher compared with those in September. The PSA said stocks in
the households expanded 27.43 percent, while commercial warehouses grew by
18.30 percent.
“Stocks in NFA depositories
decreased by 32.52 percent,” the report read.
The PSA data also showed that the
country’s corn inventory in October grew by more than a quarter, or 29.26
percent, to 543,850 MT, compared to 420,740 MT recorded a year ago. The October
corn-stock inventory is 42.91 percent higher than the September inventory level
of 380,570 MT.
“Year-on-year, corn stocks in the
households and in commercial warehouses increased by 61.53 percent and 4.90
percent, respectively. However, stocks in NFA depositories decreased by 75.35
percent,” the report read.
The PSA said 54.16 percent of
total corn-stock inventory in October were in commercial warehouses, while
45.79 percent were held by households.
Corn in commercial warehouses
reached 236,100 MT, stocks in households accounted for 144,440 MT of the total
inventory, while corn stored in NFA warehouses amounted to only 30 MT.
“This month’s corn stocks in all
sectors grew compared with their levels last month. Stocks in the households
increased by 104.01 percent, in commercial warehouses by 5.44 percent and in
NFA depositories by 681.25 percent,” the PSA said
http://www.businessmirror.com.ph/phl-rice-stocks-up-4-12-in-oct-psa/
The political implications of
Thailand's rice issue
- By
- Posted 10
Nov 2016 20:23
- Updated 10
Nov 2016 21:26
With the price of jasmine rice hitting an almost 10-year low in some parts of the country, the military government has introduced a series of subsidy schemes worth more than US$1 billion to help farmers.
Those who pledge to store their rice for several months will get paid in interest-free loans while they wait to sell their stock at a better market rate.
Critics have said there is little difference between this programme and the failed rice purchase scheme by the previous government led by former Prime Minister Yingluck Shinawatra. Ms Yingluck, who was ousted in the 2014 military coup, faces up to 10 years in prison and a US$1 billion fine for her administration's rice policy.
However, the current government denies and has said its programmes are just a short-term solution. For the long term, it is urging farmers to diversify their crops or stop farming all together.
"We have to look at the demand to see how much rice we want for domestic consumption and for export,” said Commerce Ministry Permanent Secretary Wiboonlak Ruamrak. “Then we plan our production.
“This means some farming will have to stop or the pace of production must be slower. We have to find these farmers alternative professions or we have to give them incentives to reduce farmland so we can control the supply."
Farrmers are asking for urgent assistance. In Central Thailand’s Chachoengsao province - the home of the country’s famous jasmine rice – good monsoon rains have contributed to an oversupply of the rice, causing prices to plunge.
Farmer
milling rice in Chachoengsao, Thailand. (Photo: Panu Wongcha-um)
The
sharp drop of prices for premium grade Hom Mali - or Jasmine unmilled rice - in
many parts of the country prompted many farmers to call on the government to
step in ahead of this year’s harvesting season.Jasmine rice can only be grown once a year and it makes up about a quarter of all rice produced in the country.
Many disagree with the government's advice to diversify. “It is not worth it for us to raise chickens or ducks, for instance, because we need to build more farmhouses for that,” said Vimol Riamsri, the village chief and a rice farmer. “The government tells us to stop growing rice and to grow potatoes, corn, or raise chickens – I don’t think it is possible. Our farmland is very different."
Unmilled
jasmine rice. (Photo: Panu Wongcha-um)
One
analyst told Channel NewsAsia new strategies are needed to help the struggling
farmers. “In the past, governments have been helping by trying to address the
cost of rice production through loans, but they did very little to improve the
performance of the market, like better storage silos and better market
mechanisms within communities," said Somporn Isvilanonda, a senior fellow
at the Knowledge Network Institute of Thailand.The rice-growing areas in the north and northeast are the political heartland of deposed Prime Minister Yingluck and her family. With a general election scheduled for 2017, the military government knows there are deeper implications to keeping farmers happy than simply protecting Thailand’s rice bowl.
- CNA/ek
http://www.channelnewsasia.com/news/asiapacific/the-political-implications-of-thailand-s-rice-issue/3277680.html
More
than 56.80L MTs of paddy arrives in Haryana mandis
Thursday, 10 November 2016 | PNS | Chandigarh |
in Chandigarh
More
than 56.80 lakh metric tonnes (MTs) of paddy has so far arrived in the mandis
of Haryana whereas 51.05 lakh MTs of paddy had arrived during the corresponding
period last year.Out of the total arrival, about 52.15 lakh MTs is leviable
paddy. The Government procurement agencies have procured more than 51.85 lakh
MTs of paddy and over 4.94 lakh MTs has been procured by millers and dealers,
said a spokesman of the Food, Civil Supplies and Consumer Affairs
Department.He said more than 11.83 lakh MTs of paddy has arrived in mandis of Karnal, 10.96 lakh MTs in Kurukshetra, over 7.21 lakh MTs in Ambala, 6.65 lakh MTs in Kaithal, over 6.25 lakh MTs in Fatehabad, more than 5.17 lakh MTs in Yamunanagar, over 2.13 lakh MTs in Jind, over 1.31 lakh MTs in Palwal.
Over 1.36 lakh MTs arrived in Sirsa, 1.18 lakh MTs in Panchkula, 88,355 MT in Sonipat and 18,995 MTs in Faridabad, said he.
He said 3,651 MTs of paddy has arrived in mandis of Mewat, 1,440 MTs in Rohtak, 167 MTs in Jhajjar and 53 MTs in Gurugram.
The spokesman said that more than 22.06 lakh MTs of paddy has been purchased by the Food, Civil Supplies and Consumer Affairs Department, over 17.97 lakh MTs by Hafed, more than 6.03 lakh MTs by the Haryana Agro-industries Corporation, around 5.49 lakh MTs by the Haryana Warehousing Corporation and 28,305 MTs of paddy has been purchased by the Food Corporation of India
http://www.channelnewsasia.com/news/asiapacific/the-political-implications-of-thailand-s-rice-issue/3277680.html
Farmers yet to get payment for paddy
Amritsar, November 9
Farmers,
who are already suffering due to delay in payments of crops sold, will face
more inconvenience due to phasing out of higher currency notes. Commission
agents (Arthiyas) in grain markets did not release any payment to farmers for
their crop today.According to information, more than 95 per cent farmers prefer
to get cash payment for their crops sold. Moreover, Arthiyas are also not in
favour of direct payment in bank accounts of farmers. Now, farmers are worried
about the ongoing sowing of wheat.
They
have to buy seeds, fertilisers and pay for diesel to run tractors to plough
fields. The average cost of cultivation, including labour, is 6,000 to 8,000
per acre. Farmers cannot pay the amount from their pocket. If commission agents
do not pay their money, sowing for the next crop will get delayed.The Arthiyas
Association president Narinder Behal said, “Procurement agencies and private
millers pay to Arthiyas through cheque. Arthiyas pay farmers for their produce
in cash. We have currency notes of 500 and 1,000, which cannot be given to
farmers.” — TNS
http://www.tribuneindia.com/news/cities/amritsar/farmers-yet-to-get-payment-for-paddy/321173.html
Egypt’s rice stock sufficient for 16 months,
official data reveals
[File photo]
November 9, 2016 at 11:38 pm
|
|
|
Ragab Shehata, the Head of the Rice Division at
the Federation of Egyptian Industries, overseen by the Ministry of Trade and
Industry, said on Wednesday that Egypt’s strategic rice stock is sufficient to
fulfill the population’s needs for the next 16 months.Anadolu Agency quoted
Shehata yesterday saying that the rice reserves were accompanied by the
continuous validity of the government decision that bans rice exportation
outside Egypt.
He pointed out that there is no shortage in
rice supply, adding that the Egyptian market’s rice prices are stable at 5
Egyptian pounds per kilo ($ 0.3).
During the past two months, the Egyptian market
was hit by a severe scarcity in sugar supply, which is considered as one of the
key strategic goods. The sugar crisis has led to an increase in the price per
kilogram by 100 per cent, bringing the price to 12 Egyptian pounds per kilo ($
0.7), while it amounted to higher in other areas.Shehata noted that Egypt’s
annual consumption of rice amounts to 3.5 million tons, while the annual
production of white rice amounts to 4.5 million tons per year, which entails a
market surplus.Earlier this year, Egypt has decided to limit the cultivated
land of the rice crop in 2017 by about 34.5 per cent. Egypt’s rice cultivation
season begins early May and lasts until end of August of the same year.
Last August, the Egyptian government decided to
halt exporting of all types of rice to be able to meet the domestic market’s
needs; this has contributed to maintaining price stability.Egypt’s Central Bank
decided last week to liberalise the exchange rate for the Egyptian pound
against foreign currencies, bringing the dollar’s exchange rate to 18 Egyptian
pounds in the official market yesterday, compared to about 8.78 Egyptian pounds
before the floatation decision has been activated. This step has had a dramatic
impact on the prices of the basic goods and services.
https://www.middleeastmonitor.com/20161109-egypts-rice-stock-sufficient-for-16-months-official-data-reveals/
Bumper harvest: Kebbi surpasses one million
tonnes of rice
Khadijat Saidu, Birni Kebbion:
November 10, 2016
The importance of Agriculture to the economy cannot be
quantified more especially in the present economic crunch where all other
sources of revenue have dwindled. Besides, agriculture is the only dependable
activity that could guarantee food security apart from its economic benefits,
hence, the federal government saw the need to diversify the economy with much
priority to agriculture. Nigeria is blessed with vast arable land that can
sustain commercial agriculture for both cash crops and food crops. Oil revenue
in the global market has continued to shrink and agriculture becomes the
alternative economic base that could replace dependency on oil. The Federal
Government, therefore, did not hesitate to go back to agric which used to be
the mainstay of the economy prior to the discovery of oil. “Go back to the
land and develop agriculture because the era of depending on oil is over’’ that
was the message of President Muhammadu Buhari to farmers when he lunched the
dry season and the Central Bank of Nigeria’s Anchor Rice Borrowers Programme in
Birnin Kebbi on the 17th of November 2015. It could also be recalled
that the President has made no secret of his determination to improve the base
of Nigeria’s economy by reviving agriculture and opening the mines among other
measures.
This month’s clock one year of the CBN
Anchor Rice Borrowers Programme in Kebbi state; the program aims to boost rice
and wheat production in Nigeria by providing loans to farmers. Thousands
of farmers have seized the opportunity created by the Central Bank Anchor
Borrowers Programme to expand rice output it has been celebration galore for rice farmers in the
state as they claimed to have recorded high bumper harvest in comparison
with previous years. The kebbi state Governor , Chairman National Task
Force on Rice and wheat Atiku Bagudu and his Deputy Samaila Yombe along with Chairman of the state’s Rice
Farmers’ Association, Alhaji Sahabi Augie conveyed
journalists round to see for themselves place like Augie, Kalgo, Dandi,
Bunza, suru, wasagu and Birnin kebbi local government areas where farmers
where seen displaying and celebrating their bumper harvest .
Interestingly,
Kebbi state has surpassed the one million tonnes of rice targeted for harvest
in the year with over eight hundred and fifty tonnes. The chairman rice farmers Association
Sahabi Augie said the yield increase was due to improved seedlings and the
assistance rendered to farmers through the Anchor Borrowers Programme of
the CBN with over 500,000 hectares of cultivated land across ten local
government areas of the state. He explained
that the variety of rice cultivated in kebbi include Nerica7 and 84 as
well as faro 44,52, and 61 with farming occurring thrice through the dry, wet,
dry season within a year with Rima and sokoto river serving the dry season
irrigation farming.
http://thenationonlineng.net/bumper-harvest-kebbi-surpasses-one-million-tonnes-rice/
Nigeria
to procure 40 rice mills
Mr. Ogbeh said that the Integrated Rice Mills (IRMs) of the Ministry had increased the rice milling capacity in the country.He said the ministry’s new goal was to attain self-sufficiency in food production and annually export 10 million metric tonnes of food to ECOWAS region and beyond by 2019.According to the minister, the country’s food import bill has further declined from N1.1 trillion in 2009 to N684 billion in 2013.
“Nigeria has huge agricultural potentials with 11 million hectares of arable land but only cultivates 40 per cent; 263 billion cubic metres of water with two of the largest rivers in Africa.“We have a cheap labour force to support agriculture intensification. We grow our food, feed ourselves and create local and international markets for our farmers and also unlock our enormous potentials in agriculture.“We can achieve the economic diversification goal of government and surmount the present economic recession. “I hope with the help of the Pentair, Good Rain, Dayu irrigation, Zhong Zhou Poultry, Jinan and our local companies, we will diversify and get out of recession in no time,’’ Mr. Ogbeh said.
Don Ekesiobi, Managing Director, Eurobase Nigeria Limited, the workshop organiser, said his company and the Ministry of Agriculture brought to Nigeria six world leading agro companies for partnership.Mr. Ekesiobi said that the companies would introduce and showcase for adoption, technologies to turn around neglected agro value chain of the country in six months.“I hereby state that any state, local government, commercial and private agro company that adopts and partner with these corporations will be on their way out of recession within a short time.
“Nigeria’s arable land has capacity to generate 100 billion dollar annually, if we take agro chain value seriously this time.
“ If Chile and other countries can survive on agriculture with huge favour, Nigeria can do the same if it adopts and applies the right technology,’’ he said.He urged states, local governments and stakeholders to identify crops that are adaptable to their terrain.
Mr. Ekesiobi added that the partnership would boost and achieve sustainable economic growth and job creation in the country.
http://www.premiumtimesng.com/news/more-news/215018-nigeria-procure-40-rice-mills.html
Nagpur Foodgrain Prices Open- Nov 10, 2016
Nagpur Foodgrain Prices - APMC/Open Market-November 10
Nagpur, Nov 10 Gram and tuar prices reported down in Nagpur Agriculture Produce and
Marketing Committee auctions here on lack of demand from local millers amid release of stock
from stockists. Downward trend in Madhya Pradesh and high moisture content arrival also pulled
down prices. Rupee crisis affected trading activity hard, according to sources.
FOODGRAINS & PULSES
GRAM
* Gram varieties ruled stead in open market here on subdued demand from local traders
amid good supply from millers.
TUAR
* Tuar varieties ruled steady in open market here but demand was poor.
* Moong Chamki moved down in open market here on poor demand from local
traders amid good supply from producing region.
* In Akola, Tuar New - 5,800-6,000, Tuar dal (clean) - 10,600-11,500, Udid -
9,700-10,000, Udid Mogar (clean) - 11,400-11,700, Moong -
6,100-6,300, Moong Mogar (clean) 6,800-7,200, Gram - 9,500-9,900,
Gram Super best bold - 12,800-13,100 for 100 kg.
* Wheat, 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 7,500-9,000 7,500-9,400
Gram Pink Auction n.a. 2,100-2,600
Tuar Auction 4,500-5,400 4,700-5,800
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 13,000-13,500 13,000-13,500
Gram Super Best n.a. n.a.
Gram Medium Best 12,200-12,600 12,200-12,600
Gram Dal Medium n.a. n.a
Gram Mill Quality 10,400-10,600 10,400-10,600
Desi gram Raw 10,050-10,250 10,050-10,250
Gram Yellow 13,400-13,800 13,400-13,800
Gram Kabuli 13,800-15,100 13,800-15,100
Gram Pink 13,100-13,600 13,100-13,600
Tuar Fataka Best-New 11,500-11,800 11,500-11,800
Tuar Fataka Medium-New 10,700-11,000 10,700-11,000
Tuar Dal Best Phod-New 8,800-9,300 8,800-9,300
Tuar Dal Medium phod-New 7,800-8,400 7,800-8,400
Tuar Gavarani New 6,000-6,100 6,000-6,100
Tuar Karnataka 6,200-6,300 6,200-6,300
Tuar Black 11,500-12,200 11,500-12,200
Masoor dal best 6,400-6,500 6,400-6,500
Masoor dal medium 6,000-6,200 6,000-6,200
Masoor n.a. n.a.
Moong Mogar bold (New) 6,800-7,200 6,800-7,200
Moong Mogar Medium 6,100-6,500 6,100-6,500
Moong dal Chilka 6,300-6,600 6,300-6,600
Moong Mill quality n.a. n.a.
Moong Chamki best 6,100-6,900 6,200-7,000
Udid Mogar best (100 INR/KG) (New) 11,000-12,100 11,000-12,100
Udid Mogar Medium (100 INR/KG) 9,500-10,500 9,500-10,500
Udid Dal Black (100 INR/KG) 7,300-7,600 7,300-7,600
Batri dal (100 INR/KG) 6,100-6,500 6,100-6,500
Lakhodi dal (100 INR/kg) 4,600-4,700 4,600-4,700
Watana Dal (100 INR/KG) 2,800-2,900 2,800-2,900
Watana White (100 INR/KG) 3,400-3,600 3,400-3,600
Watana Green Best (100 INR/KG) 4,000-4,500 4,000-4,500
Wheat 308 (100 INR/KG) 2,100-2,200 2,100-2,200
Wheat Mill quality (100 INR/KG) 1,950-2,150 1,950-2,150
Wheat Filter (100 INR/KG) 2,000-2,200 2,000-2,200
Wheat Lokwan best (100 INR/KG) 2,500-2,700 2,500-2,700
Wheat Lokwan medium (100 INR/KG) 2,150-2,400 2,150-2,400
Lokwan Hath Binar (100 INR/KG) n.a. n.a.
MP Sharbati Best (100 INR/KG) 3,500-4,000 3,500-4,000
MP Sharbati Medium (100 INR/KG) 2,600-3,100 2,600-3,100
Rice BPT best New(100 INR/KG) 2,800-3,250 2,800-3,250
Rice BPT medium (100 INR/KG) 2,300-2,650 2,300-2,650
Rice Luchai (100 INR/KG) 2,200-2,500 2,200-2,500
Rice Swarna best (100 INR/KG) 2,100-2,450 2,100-2,450
Rice Swarna medium (100 INR/KG) 1,800-2,000 1,800-2,000
Rice HMT best New (100 INR/KG) 3,450-3,800 3,450-3,800
Rice HMT medium (100 INR/KG) 2,600-3,000 2,600-3,000
Rice Shriram best New(100 INR/KG) 4,200-4,500 4,200-4,500
Rice Shriram med New(100 INR/KG) 3,800-4,100 3,800-4,100
Rice Basmati best (100 INR/KG) 8,700-13,300 9,000-13,500
Rice Basmati Medium (100 INR/KG) 6,300-7,800 6,500-8,000
Rice Chinnor best New(100 INR/KG) 5,300-5,600 5,300-5,600
Rice Chinnor med. New (100 INR/KG) 4,900-5,100 4,900-5,100
Jowar Gavarani (100 INR/KG) 1,900-2,200 1,900-2,200
Jowar CH-5 (100 INR/KG) 1,700-1,850 1,700-1,850
WEATHER (NAGPUR)
Maximum temp. 32.0 degree Celsius, minimum temp. 09.8 degree Celsius
Humidity: Highest - n.a., lowest - n.a.
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 32 and 09 degree
Celsius respectively.
Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, butincluded in market prices)
http://in.reuters.com/article/nagpur-foodgrain-idINL4N1DB3M4
Rice Prices
as on : 10-11-2016 08:10:37 PM
Arrivals in tonnes;prices in Rs/quintal in domestic market.
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Arrivals
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Price
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Current
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%
change |
Season
cumulative |
Modal
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Prev.
Modal |
Prev.Yr
%change |
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Rice
|
||||||
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Bolpur(WB)
|
180.00
|
NC
|
2000.00
|
2250
|
2250
|
-
|
|
Cachar(ASM)
|
120.00
|
200
|
4110.00
|
2200
|
2200
|
-18.52
|
|
Siliguri(WB)
|
95.00
|
5.56
|
8690.00
|
2700
|
2700
|
-
|
|
Rampurhat(WB)
|
80.00
|
NC
|
2800.00
|
2300
|
2300
|
31.43
|
|
Saharanpur(UP)
|
70.00
|
2.94
|
6711.00
|
2280
|
2275
|
9.62
|
|
Silapathar(ASM)
|
53.00
|
NC
|
1485.90
|
3000
|
3000
|
NC
|
|
Nadia(WB)
|
50.00
|
NC
|
1520.00
|
3350
|
3350
|
15.52
|
|
Gazipur(UP)
|
40.00
|
14.29
|
3576.00
|
2200
|
2200
|
9.18
|
|
Khatra(WB)
|
38.00
|
11.76
|
1377.00
|
2550
|
2550
|
10.87
|
|
Lakhimpur(UP)
|
35.00
|
-12.5
|
823.00
|
2180
|
2170
|
-0.91
|
|
Gauripur(ASM)
|
32.00
|
-5.88
|
3268.80
|
4500
|
4500
|
NC
|
|
Bishnupur(Bankura)(WB)
|
28.00
|
-6.67
|
406.00
|
2350
|
2350
|
-
|
|
Diamond Harbour(South 24-pgs)(WB)
|
21.00
|
5
|
1375.50
|
2300
|
2300
|
15.00
|
|
North Lakhimpur(ASM)
|
17.00
|
115.19
|
2225.70
|
1900
|
1900
|
NC
|
|
Dhilwan(Pun)
|
14.00
|
-
|
28.00
|
2000
|
-
|
-
|
|
Dibrugarh(ASM)
|
11.00
|
-33.33
|
151.40
|
2250
|
2250
|
-
|
|
Golaghat(ASM)
|
10.00
|
NC
|
371.50
|
2300
|
2200
|
-6.12
|
|
Deogarh(Ori)
|
9.00
|
NC
|
622.00
|
2500
|
2500
|
NC
|
|
Mirzapur(UP)
|
7.50
|
7.14
|
1814.10
|
2165
|
2170
|
8.79
|
|
Chandoli(UP)
|
5.00
|
11.11
|
259.50
|
2145
|
2140
|
14.10
|
|
Karanjia(Ori)
|
4.80
|
-20
|
485.00
|
2800
|
2800
|
-3.45
|
|
Darjeeling(WB)
|
3.30
|
32
|
174.50
|
2950
|
2950
|
5.36
|
|
Kalyanpur(Tri)
|
3.00
|
NC
|
25.10
|
2800
|
2800
|
12.00
|
|
Bishenpur(Man)
|
1.10
|
10
|
28.90
|
3100
|
2900
|
6.90
|
http://www.thehindubusinessline.com/economy/agri-business/article9328137.ece
PhilRice turns
31, fetes 100 rank-and-file employees
SCIENCE CITY OF MUÑOZ, Nueva
Ecija—At least 100 staff members and employees of the Philippine Rice Research
Institute were honored as the institute marked its 31st anniversary as the
country’s sole research agency on rice Tuesday.This year’s anniversary
celebrations, themed “Rice science and innovation for inclusive growth,” kicked
off Monday at its central experiment station in Barangay Maligaya with the
opening of the National Rice Awareness Month and the Santiago R. Obien seminar
series on research management and institution.
The seminar was named after the
former PhilRice executive director.Dr. Sailila Abdulla, PhilRice executive
director, said the employees were honored during the “Dangal ng PhilRice”
recognition day on Tuesday.Dr. V. Bruce J. Tolentino, deputy director general
for communication and partnerships of the International Rice Research
Institute, awarded plaques and certificates to the awardees who included those
who excelled in external fields, scientific productivity, scholastic, loyalty,
and as outstanding employee.Abdulla said as a research institution, PhilRice
had advanced rice science by producing scientific publications written by its
researchers and scientists.
These were later on published in
some of the most reputable journals such as the Journal of Food Agriculture and
Environment, International Journal of Ecology and Conservation, Philippine
Journal of Crop Science, and the Philippine Agricultural Scientist.
PhilRice is a government
corporate entity attached to the Department of Agriculture and created through
Executive Order 1061 in 1985.It is mandated to help develop high-yielding and
cost-reducing technologies for farmers through research and development work in
its central and six branch stations, coordinating with a network that comprises
57 agencies and 70 seed centers located nationwide.
11/10/2016 Farm Bureau Market Report
Rice
|
High
|
Low
|
|
|
Long Grain Cash Bids
|
- - -
|
- - -
|
|
Long Grain New Crop
|
- - -
|
- - -
|
|
|
||
|
Futures:
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Rice Comment
Rice futures
ended higher. January has found support at the contract low of $9.60 for the
time being, but isn't having any success at building upside momentum. USDA's
November production estimate was 234.8 million cwt, down 1.2 million cwt from
the October report, due to a decrease in the yield forecast of 39 pounds per
acre. The production decrease carried over into the ending stocks column as
well, as usage remained steady.
New Wholesale and Retail Partners in Japan Commit to Sales of
U.S. Rice
TOYKO, JAPAN --
Mitsuwa Corporation, a wholesaler located in the mega-populous Kanto region of
Japan (greater Tokyo/Yokohama), will soon begin marketing U.S. Calrose rice at
retail outlets. The retail bags feature the U.S. Rice logo used in Japan
to promote Calrose rice.
USA Rice also is coordinating with a second wholesale brand interested in carrying U.S. medium grain rice sporting the logo at multiple supermarket chains starting in January 2017.
"These new entrants at the retail level are welcome news and evidence of the success of USA Rice promotional efforts here in this tightly controlled market," said Hugh Maginnis, USA Rice vice president for international. "We plan to support these brands at retail with in-store demonstrations, production of new point of sale materials, use of recipe books as giveaways, and sampling of Calrose rice in small packs."
In addition, the METRO Cash & Carry (METRO) wholesale chain which caters to the foodservice industry, has started to sell U.S. medium grain rice. The rice wholesaler who is supplying the rice to METRO, Senda Mizuho, decided to enter into this market segment with U.S. Calrose rice following visits to California this summer. METRO's customers are exclusively foodservice and mostly independent restaurants, particularly, Chinese and Asian-style. Fried rice is a common menu item at these types of restaurants and the wholesaler believes this to be a great fit for U.S. Calrose rice. Maginnis said USA Rice will support sales with in-store taste-testing demonstrations of U.S. rice. An additional target for METRO are western-style restaurants, such as Italian, where sales of Calrose will complement their existing sales of olive oil and wine.
Access for U.S. rice to the retail and foodservice sectors is via the Simultaneous-Buy-Sell system, or SBS. The Japanese government has set aside 100,000 metric tons of the country's overall WTO import commitment of 682,200 MT for purchase through SBS. This rice is earmarked for end users in Japan, as opposed to the balance that is imported and primarily used in the food manufacturing and ingredient industries.
U.S. exporters had expected greater success in SBS tenders this year because of improved price competitiveness against Japanese rice. However, the Japanese government effectively suspended SBS tenders several weeks ago in response to media reports critical of business practices of some SBS participants. The Japanese Diet, or parliament, is currently considering approval of the Trans Pacific Partnership trade agreement. It is unclear when SBS tenders will resume, and USA Rice is urging the resumption of SBS tenders to meet customer demand in Japan and to maintain U.S. access to this important market.
USA Rice also is coordinating with a second wholesale brand interested in carrying U.S. medium grain rice sporting the logo at multiple supermarket chains starting in January 2017.
"These new entrants at the retail level are welcome news and evidence of the success of USA Rice promotional efforts here in this tightly controlled market," said Hugh Maginnis, USA Rice vice president for international. "We plan to support these brands at retail with in-store demonstrations, production of new point of sale materials, use of recipe books as giveaways, and sampling of Calrose rice in small packs."
In addition, the METRO Cash & Carry (METRO) wholesale chain which caters to the foodservice industry, has started to sell U.S. medium grain rice. The rice wholesaler who is supplying the rice to METRO, Senda Mizuho, decided to enter into this market segment with U.S. Calrose rice following visits to California this summer. METRO's customers are exclusively foodservice and mostly independent restaurants, particularly, Chinese and Asian-style. Fried rice is a common menu item at these types of restaurants and the wholesaler believes this to be a great fit for U.S. Calrose rice. Maginnis said USA Rice will support sales with in-store taste-testing demonstrations of U.S. rice. An additional target for METRO are western-style restaurants, such as Italian, where sales of Calrose will complement their existing sales of olive oil and wine.
Access for U.S. rice to the retail and foodservice sectors is via the Simultaneous-Buy-Sell system, or SBS. The Japanese government has set aside 100,000 metric tons of the country's overall WTO import commitment of 682,200 MT for purchase through SBS. This rice is earmarked for end users in Japan, as opposed to the balance that is imported and primarily used in the food manufacturing and ingredient industries.
U.S. exporters had expected greater success in SBS tenders this year because of improved price competitiveness against Japanese rice. However, the Japanese government effectively suspended SBS tenders several weeks ago in response to media reports critical of business practices of some SBS participants. The Japanese Diet, or parliament, is currently considering approval of the Trans Pacific Partnership trade agreement. It is unclear when SBS tenders will resume, and USA Rice is urging the resumption of SBS tenders to meet customer demand in Japan and to maintain U.S. access to this important market.
PhilRice
turns 31, fetes 100 rank-and-file employees
SCIENCE CITY OF MUÑOZ, Nueva Ecija—At least 100 staff members
and employees of the Philippine Rice Research Institute were honored as the
institute marked its 31st anniversary as the country’s sole research agency on
rice Tuesday.
This year’s anniversary celebrations, themed “Rice science and
innovation for inclusive growth,” kicked off Monday at its central experiment
station in Barangay Maligaya with the opening of the National Rice Awareness
Month and the Santiago R. Obien seminar series on research management and
institution.
The seminar was named after the former PhilRice executive
director.Dr. Sailila Abdulla, PhilRice executive director, said the employees
were honored during the “Dangal ng PhilRice” recognition day on Tuesday.Dr. V.
Bruce J. Tolentino, deputy director general for communication and partnerships
of the International Rice Research Institute, awarded plaques and certificates
to the awardees who included those who excelled in external fields, scientific
productivity, scholastic, loyalty, and as outstanding employee.Abdulla said as
a research institution, PhilRice had advanced rice science by producing
scientific publications written by its researchers and scientists.
These were later on published in some of the most reputable
journals such as the Journal of Food Agriculture and Environment, International
Journal of Ecology and Conservation, Philippine Journal of Crop Science, and
the Philippine Agricultural Scientist.PhilRice is a government corporate entity
attached to the Department of Agriculture and created through Executive Order
1061 in 1985.It is mandated to help develop high-yielding and cost-reducing
technologies for farmers through research and development work in its central
and six branch stations, coordinating with a network that comprises 57 agencies
and 70 seed centers located nationwide
http://thestandard.com.ph/news/-provinces/221105/philrice-turns-31-fetes-100-rank-and-file-employees.html
Use QR
extension to achieve food security
WILLIAM DAR
In my column last October 27 (Food
security vs food self-sufficiency) where I also discussed the 2016 Global Food
Security Index (GFSI) published by The Economist Intelligence Unit, the report
made it very clear that the population’s ability to purchase food, facilities
to transport and store food, and even R&D for the agriculture sector are
among the important factors to achieving food security. They all go
hand-in-hand.
Now, how do you increase the income
of farmers so they can also have the means to purchase enough food for their
families? Improving paddy rice yield per hectare is one way but growing
high-value crops for export is also a very viable option.
So far, the country only has two
export crops that generate $1 billion ever year: coconut and banana. On the
other hand, Thailand’s top farm exports include the following: natural rubber
($6.0 billion); rice ($5.4 billion); prepared fish ($3.1 billion); sugar ($2.7
billion); prepared chicken ($2.2 billion); starch ($1.3 billion); prepared
shrimp ($1.2 billion); animal feed ($1.2 billion); and food preparations ($1.2
billion).
Vietnam also boasts of the
following farm exports earning billions of dollars per year: coffee beans ($3.3
billion); rice ($2.9 billion); shrimps ($2.6 billion); fish fillet ($2.4
billion); cashew nuts ($2.0 billion); natural rubber ($1.7 billion); prepared
shrimp ($1.6 billion); and pepper ($1.2 billion).
Don’t tell me the Philippines
cannot produce the top farm exports of Thailand and Vietnam.
If more farmers shift to high-value
crops and export these in raw or processed form, that would be one good step in
achieving food security because farmers must have more income to purchase their
own food.
Going to rice production, it might
be an uphill climb for the Philippines to become as competitive as top rice
exporters Thailand and Vietnam. Production of paddy (unmilled) rice in Thailand
is P10 per kilo and Vietnam P7 per kg. In the Philippines, it is P11-P12 per
kg.
So imposing a tariff of 35 percent
on imported rice might not be enough to protect Filipino rice farmers from
their Asean counterparts.
Also, Filipino rice farmers are
receiving smaller and smaller shares of the value of their produce
year-on-year, or just 47 percent of the wholesale price. On the other hand,
rice farmers in India get 62 percent when they sell it directly from their
farms, and farmers in China 94 percent.
But I am not saying the government
should no longer invest in making the rice sector competitive over the two-year
period of the QR’s possible extension, because the industry remains a major
source of employment, income and nutrition for Filipinos, comprising some 2.5
million farmers plus several hundred thousand of farm laborers and people
engaged in the supply of farm inputs and machinery, milling/processing,
warehousing, transport, other farm services and related economic activities.
Looking at the bigger picture, the rice industry directly and indirectly
benefits close to 20 million people or 20 percent of the population.
The worst-case scenario is up to
550,000 rice farmers will be affected or left without any source of livelihood
if they do not become competitive after the QR is lifted. The average yield per
hectare per cropping season for paddy rice in the Philippines is 4.0 metric
tons/hectare that can be increased over the next two to three years to up to
6.0 MT/ha. Among the government agencies with technologies to increase domestic
rice production are the Philippine Rice Research Institute (PhilRice) and
Philippine Center for Postharvest Development and Mechanization (PhilMech),
both under the Department of Agriculture.
PhilRice and private seed companies
have hybrid rice varieties that can yield up to 8 MT/ha and are either
resistant to flooding or drought.
PhilMech has technologies for rice
farming from land preparation, transplanting, harvesting and drying. Based on
PhilMech studies, using a transplanter results in using 40 kgs of seeds per
hectare compared to 80 kgs under the manual method. Using a transplanter can
result in up to 50 percent more seedlings planted in a square meter, which can
easily increase yield by up to 50 percent.
But then, spending billions of
pesos just to make the country’s rice sector more productive should not be the
only solution to making the country’s farming sector competitive and achieving
food security for the population.
Achieving competitiveness should
also include establishing storage facilities for various food products and the
means to transport these to various parts of the Philippines, which is an
archipelago. Also of equal importance is spending for R&D and getting
proven farming technologies not only to rice farmers but also to those growing
and shifting to high-value crops.Should the QR on rice be extended for another
two years, government should not waste that golden opportunity to achieve food
security and not only rice self-sufficiency.
http://www.manilatimes.net/use-qr-extension-achieve-food-security/295926/
