Saturday, June 13, 2015

12th June ,2015 Daily Global Rice E-Newsletter by Riceplus Magazine

Rice Millers Boycott Paddy Procurement


By Express News Service
Published: 13th June 2015 06:01 AM
Last Updated: 13th June 2015 06:01 AM
 

JEYPORE:  At a time when farmers of the district are agitating over the ceiling on paddy procurement, the millers on Friday boycotted the procurement process in protest against the administration’s direction to them to supply only good quality of rice under the Public Distribution System (PDS).A few days back, the Millers’ Association of Koraput had cited before the administration that the Rabi paddy being procured by cooperative agencies is of poor quality compared to Kharif crop due to difference in climatic and genetic conditions. Appealing to the administration to consider ground realities, they said they should be allowed to supply the rice at par with the quality of paddy available in Koraput market.

However, the administration did not consider their plea and directed the Civil Supply officials to procure only rice of good quality for PDS, leading to resentment among the millers. Protesting the administration’s stand over quality of rice, the millers went on a strike, boycotting paddy procurement in Kundra, Kotpad, Borrigumma and Jeypore. Till last reports came in, the administration had not intervened in the matter.Secretary of Koraput Millers’ Association Gopal Panda said the millers would not participate in procurement process till their grievance is looked into and hoped that the administration would not pressurise them for procuring poor quality paddy from the mandis.Remarkably, the administration has asked only 17 millers out of 80 millers in the district to participate in the ongoing paddy procurement process.

June 12, 2015

Federal Minister for National Food Security and Research Sikandar Hayat Bosan on Thursday said that Prime Minister Nawaz Sharif had assured him to resolve all issues related to agriculture sector including export of surplus commodities. Speaking at a news conference, the minister said he would hold a meeting with the Prime Minister next week to find a way out to resolve the issues pertaining to Pakistan Rice Mills Association (PRMA). "I will also take all representatives of PRMA with me so that they can inform the premier about the issues being faced by them," he added. 
It is pertinent to mention here that few days ago PRAM had urged the government to direct Trading Corporation of Pakistan (TCP) and Pakistan Agriculture Storage Service Corporation (PASSCO) to purchase rice from market to enable the vendors to repay their bank loans. About the import of substandard spare parts of tractors, the minister said he had raised the issue at top level and also informed Engineering Development Board about his reservations in this regard. 
To a question about inquiry ordered by the Prime Minister into import of substandard wheat from Ukraine and other countries, he said an investigation into the matter was under way. He said that the senate standing committee had approved Seed Amendment Act, 2015, which would be presented in Senate for approval. The minister said that the main objective of the bill was to end the public sector monopoly over the agriculture seed business and allow the private sector to produce basic seeds. Bosan said that the new Seed Act carried heavy fines for violation of the law. He said that during his visit to Italy he held separate meetings with the representatives of three main agencies that were FAO, IFAD and WFP.

"The vice-president of IFAD assured me to launch a project for improvement of agriculture and infrastructure in Gilgit-Baltistan," he said. The minister said that opposition leader Khursheed Shah had levelled baseless allegations against the federal government regarding agriculture sector. "The agriculture ministry has been devolved to the provinces after 18th Amendment and now agriculture is a provincial subject," he added. He said that the seriousness of Sindh government could be judged from the fact that before the devolution of agriculture ministry, it spent Rs 8 billion but after the devolution only Rs 2 billion had been spent. Bosan said that the incumbent government had decreased the import duty on agriculture machinery from 40 to 9 percent and given subsidy on the installation of solar tube-wells. 


http://www.brecorder.com/agriculture-a-allied/183/1195173/


Penoxsulam Market for Rice, Aquatics and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020


NEW YORK, June 11, 2015 /PRNewswire/ -- Penoxsulam is a post-emergence herbicide based on the acetolactate synthase (ALS) inhibitor. It is primarily used on rice crops to control broadleaf weeds. Penoxsulam is also used on grasses and certain aquatic plants. This herbicide is also useful for the removal of unwanted plants on golf courses, sports fields, and lawns. Penoxsulam is available in two grades: technical grade and liquid product grade. 

The study segments the global penoxsulam market based on key regions and crop types. The major types of crops included in the report are rice, aquatics and other applications such as turf. Crop type analysis is further provided under each region, including
 North America, Europe, Asia Pacific and Rest of the World (RoW). Europe includes Western (including the EU and non-EU members), Central and Eastern Europe, while RoW includes South and Central America, Africa and the Middle East. The study comprises market analysis in terms of volume (tons) and revenue (US$ Mn). It includes penoxsulam market estimates for 2014 and forecast for the period from 2015 to 2020.

The report on the penoxsulam market also covers the profile of the inventor company, Dow AgroSciences LLC, and a few other
China-based manufacturers such as Shijiazhuang Xingbai Bioengineering Co., Ltd., and Hangzhou Tianlong Biotechnology Co., Ltd. Dow AgroSciences LLC launched penoxsulam in the U.S. in 2005.

Different types of crops in each region have been considered for the global average price while breaking down this market. The prices considered in the report are for technical grade. The volume of the market is for the active ingredient (Penoxsulam) and not for the carrier. The penoxsulam market has been analyzed based on expected demand. Market estimates for this study have been based on volumes, with revenues being derived through regional pricing trends. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors and direct selling regional producers, based on manufacturer feedback and application requirement. We have used the bottom-up approach to arrive at the global market, considering individual crop type segments and integrating these to arrive at the global market. Crop type segments have been further bifurcated using the top-down approach to derive the regional product market.

In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of our research efforts, supplemented by extensive secondary research.
 

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions: It provides first-hand information on market size, market trends, growth trends, competitive landscape, outlook, etc.; helps in validating and strengthening the secondary research findings; and further develops the analysis team's expertise and market understanding. Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.

We reviewed key players' product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding as part of secondary research. Secondary research also includes a search of recent trade; technical writing; internet sources; and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants' insights and recognizing business opportunities.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings, internal and external proprietary databases relevant patent and regulatory databases, national government documents, statistical databases and market reports. Also referred are news articles, press releases and webcasts specific to companies operating in the market. Secondary sources referred for penoxsulam study include the U.S. Department of Agriculture (USDA), the U.S. Environment Protection Agency (EPA), Food and Agriculture Organization Corporate Statistical Database (FAOSTAT) and Friends of the Earth Europe (FoE Europe).

The report segments the global penoxsulam market as:
Penoxsulam Market - Crop Type Segment Analysis
Rice
Aquatics
Other Applications (Including turf, etc.)
Penoxsulam Market - Regional Analysis
North America
Europe
Asia Pacific
Rest of the World (RoW)

Read the full report:
 http://www.reportlinker.com/p02678624-summary/view-report.html

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Soybean Scientist

Soybean Scientist (Ref No: DDG-R4D/SBS/SARD-SC/06/15) 
Background: The International Institute of Tropical Agriculture (IITA) invites applications for the internationally recruited position of Soybean Scientist. IITA is an international non-profit agricultural research-for-development (R4D) organization established in 1967, governed by a Board of Trustees, and a member of the CGIAR Consortium. Our R4D approach is anchored on the development needs of the tropics. We work with partners to enhance crop quality and productivity, reduce producer and consumer risks, and generate wealth from agriculture. We have more than 100 internationally recruited scientists from about 35 countries and 900 nationally recruited staff based in various stations across Africa. Please visit http://www.iita.org/ for more information on IITA.
The International Institute of Tropical Agriculture (IITA) (the Executing Agency) and its partners Africa Rice Centre and the International Centre for Agricultural Research in Dry Areas (the Implementing Agencies) has received a grant from the African Development Fund (ADF) to finance the Multinational-CGIAR Project on Support to Agricultural Research for Development of Strategic Crops in Africa (SARD-SC). The strategic crops within the context of the project are Cassava, Maize, Wheat and Rice.The overall objective of SARD-SC is to enhance food and nutrition security and contribute to poverty reduction in Bank’s low income Regional Member Countries (RMCs).
Its specific objective is to enhance the productivity and income of four CAADP’s priority value chains (cassava, maize, rice, and wheat) on a sustainable basis. IITA, the Executing Agency for the SARD-SC, wishes to use a portion of the grant to engage the services of a Soybean Scientist to work within the maize value chain of the project.

The successful candidate will report to: The SARD-SC Project Coordinator.

Position Responsibilities:

The Soybean Scientist will undertake the following activities:
• Strengthen soybean production technology testing and delivery platforms in Nigeria for effective capacity building and soybean technology delivery.
• Develop a sustainable soybean seed system. Intensify community based seed systems through development of input supply chain and delivery systems
• Create awareness amongst farmers on the advantages of planting larger areas of soybean in mono and strip cropping within the maize Innovation platforms.
• Enhance the usage of good agronomic practices for soybean production including mechanization and the use of Rhizobium inoculum. Facilitate partnership for dissemination campaign and sustainable supply of inoculants (NoduMax) and P-fertilizer.
• Facilitate the linkage of actors in the soybean value chain and develop capacity of partners working on soybean value chain.
• Expand the utilization of soybean in Nigerian households. Facilitate the use of pre- and post-harvest labour saving tools for higher net profit from soybean production and processing.
• Media events and publicity for popularization of improved soybean varieties and use of inoculant (NoduMax)
• Any other duties as may be assigned by the supervisor


Educational Qualifications

The candidate should have a Post graduate degree (MSc or PhD) in Soybean breeding, Agronomy or a closely related field from a recognized University and more than 7 years’ experience in soybean research.


Core Competencies:

• Applied knowledge in production of seeds of maize, cowpeas, and soybean varieties.
• Experience in field experimentation, trial management and quality control of improved seeds as well as familiarity in variety release procedures and seed regulations are highly preferred.
• Experience in working with the informal and formal seed sector in dissemination of improved cultivars.
• Excellent written and verbal communication skills in English with good working knowledge of French preferred.
• Ability to work in a multi-cultural setting and to interact with scientists and staff working in multi-disciplinary research areas.
• Track record of publications in peer reviewed journals. • Strong innovation, communication and organizational skills as well as ability to teach.

Duty station: Kano, Nigeria

General information: 
The contract will be for an initial period of two years with possibility of renewal based on performance and continued availability of funding. IITA offers internationally competitive remuneration package paid in U.S. Dollars.

Applications: Applications must include covering letter which should address how the candidate’s background/experience relates to the specific duties of the position applied for, curriculum vitae, names and addresses of three professional referees (which must include either the Head of the applicant’s current or previous organization or applicant’s direct Supervisor/Superior at his/her present or former place of work). The application should be addressed to the Head, Human Resources Service. Please complete our online application form using 
this link: 

Closing Date: The position will remain open to June 26, 2015 IITA is an equal opportunity employer and particularly welcomes applications from women candidates. Please note that only shortlisted candidates will be contacted - See more at: http://www.scidev.net/global/content/jobs_notice.1580598A-6A4F-4AB6-AAAD9E2BC57ACA6A.html#sthash.HdIwCjh4.dpuf


http://www.scidev.net/global/content/jobs_notice.1580598A-6A4F-4AB6-AAAD9E2BC57ACA6A.html


30 more highland rice types found


“TINAWON,” a variety of Ifugao indigenous rice is planted only once a year at paddies in Nagacadan rice terraces of Barangay Nagacadan in Ifugao’s Kiangan town. EV ESPIRITU/INQUIRER NORTHERN LUZON

BAGUIO CITY—Researchers developing a rice gene bank for the country have found 30 more varieties of highland grains, three of which are nearly extinct and would need to be preserved immediately.Over 300 indigenous rice varieties have been genetically examined, documented and preserved by a team deployed by the Department of Agriculture (DA), the Philippine Rice Research Institute and the International Rice Research Institute, said Cameron Odsey, DA Cordillera assistant director for research, during a June 11 news conference.Of the 30 highland varieties that have not been previously documented and collected, 16 are common to Mt. Province, Odsey said.
Description:  “TINAWON,” a variety of Ifugao indigenous rice is planted only once a year at paddies in  Nagacadan rice terraces of Barangay Nagacadan in Ifugao’s Kiangan town. EV ESPIRITU/INQUIRER NORTHERN LUZON  ‘Nearly extinct’

He said three of these varieties are extremely rare and classified as “nearly extinct.” This meant that researchers would need to preserve as much genetic material of the “near extinct” rice so it could be reproduced in the future, he said.He did not identify these upland rice varieties pending the completion of the gene bank project. But he said the sustenance and preservation of these varieties have become a government priority.Rice consumers abroad have put a high premium on organic grains grown only in upland farms. Heirloom rice varieties like the Kalinga “unoy” and Ifugao “tinawon” grown on rice terraces are considered too exotic and expensive, Odsey said.Vincent Cabreza,


http://newsinfo.inquirer.net/698096/30-more-highland-rice-types-found


Rice mills owners announce nationwide protest



ISLAMABAD: The Pakistan Rice Mills Association on Friday announced nationwide protest to draw attention of the authorities to the plight of collapsing sector linked to thousands of jobs and two billion dollar of annual exports.  Rice millers have decided to stop purchasing paddy from growers and lock the mills putting thousands of jobs and billions of bank loans in jeopardy. President Pakistan Rice Mills Association Mukhtar Ahmed Khan Baloch said this while talking to Dr. Murtaza Mughal, President Pakistan Economy Watch. 
Description: http://www.onlinenews.com.pk/sources/2015/June/12/NewsInEnglishDetail/news_691.jpg
He said that an emergency meeting of three thousand owners of rice mills has been summoned at Kamonki where plan for sit-in in front of the Parliament and other details would be finalised.   Baloch said that authorities have turned a deaf ear to the plight of this sector as they are focused on welfare of exporters only putting interests of planters and growers on the back burner. Government needs to bail out sinking rice sector responsible for over two billion dollars of exports, largest outside textiles, otherwise country may lose export market to neighbouring country. He said that Pakistan is fourth largest exporter of rice and millions of jobs are linked to that critical sector which merits full attention of the policy makers. Baloch said that situation is turning against Pakistan and in favour of India which has introduced its own brand lacking aroma but increased in length.
Indian rice is cheaper due to hidden subsidies which has resulting in lost Iranian and Middle Eastern markets. He said that some 3000 rice mills are facing problems while those 1000 are on the brink that have failed to sell rice in last two years while lacks of bags are piled up in different districts of Punjab. At the occasion, Dr. Murtaza Mughal said that exporters are not cooperating with millers to cope with the problem while government is ignoring the critical issue. He said that the steps taken for rice sector in the budget are insufficient, adding that TCP should buy rice from millers for export, their mark-up should be waived and rice mills should be declared sick industry. 
http://www.onlinenews.com.pk/index.php?page=newsdetail&news_id=691#sthash.hr27GorE.dpuf

Rice exporters urge SBP to extend EFS performance period

June 12, 2015
RECORDER REPORT
Rice exporters have urged the State Bank of Pakistan for extension in Export Finance Scheme (EFS) performance period as Pakistani basmati rice exports have experienced a sharp decline of 20 percent in fiscal year 2014-2015 in term of value compared to last year. Jawed Ali Ghori, former chairman Rice Exporters Association of Pakistan (REAP) said that cheaper varieties from India have flooded the traditional Middle Eastern export markets of Pakistan creating a crisis like situation in the Basmati rice industry of Pakistan. As a result Pakistani exporters who are already in trouble are going to face severe penalties from SBP for not meeting the export performance criteria of EFS Part II by the deadline of June 30, 2015.

Previously, during the crisis, the SBP has relaxed the export performance criteria for textile exporters in certain years in order to facilitate the exporters. Rice exporters are also asking similar relief measure from the SBP for their industry, he added. He said the SBP has been very proactive in supporting exporters by reducing the rate on the EFS borrowing throughout the year, and added that however, "any relief that we got from these measures will surely be removed by the penalty of the SBP for not exporting double value of the amount of borrowing". Rice exporters have urged the SBP to extend the shipment performance period by 90 days till September 30, 2015, Ghori said. 

http://www.brecorder.com/agriculture-a-allied/183/1195154/

 

Government to resolve agriculture sector issues: Bosan


June 12, 2015

Federal Minister for National Food Security and Research Sikandar Hayat Bosan on Thursday said that Prime Minister Nawaz Sharif had assured him to resolve all issues related to agriculture sector including export of surplus commodities. Speaking at a news conference, the minister said he would hold a meeting with the Prime Minister next week to find a way out to resolve the issues pertaining to Pakistan Rice Mills Association (PRMA). "I will also take all representatives of PRMA with me so that they can inform the premier about the issues being faced by them," he added. 
It is pertinent to mention here that few days ago PRAM had urged the government to direct Trading Corporation of Pakistan (TCP) and Pakistan Agriculture Storage Service Corporation (PASSCO) to purchase rice from market to enable the vendors to repay their bank loans. About the import of substandard spare parts of tractors, the minister said he had raised the issue at top level and also informed Engineering Development Board about his reservations in this regard. To a question about inquiry ordered by the Prime Minister into import of substandard wheat from Ukraine and other countries, he said an investigation into the matter was under way. He said that the senate standing committee had approved Seed Amendment Act, 2015, which would be presented in Senate for approval. 

The minister said that the main objective of the bill was to end the public sector monopoly over the agriculture seed business and allow the private sector to produce basic seeds. Bosan said that the new Seed Act carried heavy fines for violation of the law. He said that during his visit to Italy he held separate meetings with the representatives of three main agencies that were FAO, IFAD and WFP. "The vice-president of IFAD assured me to launch a project for improvement of agriculture and infrastructure in Gilgit-Baltistan," he said. The minister said that opposition leader Khursheed Shah had levelled baseless allegations against the federal government regarding agriculture sector. "The agriculture ministry has been devolved to the provinces after 18th Amendment and now agriculture is a provincial subject," he added. He said that the seriousness of Sindh government could be judged from the fact that before the devolution of agriculture ministry, it spent Rs 8 billion but after the devolution only Rs 2 billion had been spent. Bosan said that the incumbent government had decreased the import duty on agriculture machinery from 40 to 9 percent and given subsidy on the installation of solar tube-wells. 

 

Pakistan wheat surplus to cool imports this year – trader


Description: Wheat freight 06.jpgA wheat surplus in Pakistan is likely to mean little appetite for imports this year, although it will purchase more oilseeds due lower crop prospects, a leading local trader said.In November last year, Pakistan imposed a 20 percent import duty on wheat to help protect local farmers from imports, leading to the cancellation of some of the import deals.Anis Majeed, chairman of Karachi-based food commodities firm Bombi’s Group, said Pakistan was estimated to produce 25 million tonnes of wheat this year versus around 24 million tonnes last year. Domestic wheat consumption was pegged around 22-23 million tonnes, he said.“This year, Pakistan will not make big imports because we have the crop and there is a surplus,” Majeed said on a visit to London this week.The International Grains Council estimated Pakistan’s wheat production in the 2015-16 year at 25.0 million tonnes, versus 25.5 million tonnes in 2014-15.

In contrast, Pakistan was expected to import higher quantities of oilseeds including canola, said Majeed, who is also chairman of the wholesale grocers’ association of Karachi, which is Pakistan’s mercantile capital.“If you calculate (oilseeds) … altogether this year, we are expecting to import about 1.5 to 1.6 million tonnes,” he said. “Last year was a little less – about 1.2 million tonnes and our crop was better than this year.”Majeed said Pakistan expected a good rice crop although exports were likely to be tempered by slower demand.“Pakistan’s production is around 6.5 million tonnes annually – out of which 3.5 million tonnes we export,” he said.“Prices have come down as the international market has come down,” he added. “Therefore, there could be a little less (exports) this year.

”Majeed said rice exporters were looking to boost sales to Iran, a major consumer of Basmati grade rice.Iran and six world powers are seeking to overcome remaining differences with a looming self-imposed June 30 deadline to reach a deal over Tehran’s disputed nuclear programme. The timing of sanctions relief for Iran are among the disputes holding up a nuclear accord.Majeed said there was already a border trade between Pakistan and Iran for rice – with the business handled by local merchants along the border. A nuclear deal could enable other exporters in Pakistani cities such as Karachi and Lahore expanding business.“Iran can be good partner of Pakistani rice and trade can be increased.
But there are few difficulties of the embargoes,” he said.Majeed said a proposed wheat barter deal between Pakistan and Iran was still being discussed.The deal, initially agreed in 2012, was to involve Tehran exporting fertiliser and iron ore to Pakistan in exchange for wheat.“The swapping … has not been decided as yet,” he said. “They are working on it.”
Source: Reuters (Editing by William Hardy)

http://www.hellenicshippingnews.com/pakistan-wheat-surplus-to-cool-imports-this-year-trader/


NFA to rebid 100,000 MT rice supply contract


June 12, 2015 8:52 pm
by JAMES KONSTANTIN GALVEZ

THE National Food Authority (NFA) is going to rebid a government-to-government (G2G) supply contract for remaining volume of rice the Philippines needs to cover the lean season.In a text message to reporters, NFA Spokesperson Angel Imperial said the G2G tender for 100,000 metric tons of rice will be on June 16.Manila failed to secure its entire buffer stock after the initial rounds of a G2G tender failed.The NFA seeks to import 250,000 MT of buffer stock, but was able to purchase only 150,000 MT from Vietnam.Manila wants to fill its requirement before the lean season starts in July.The NFA is required by law to have at least a 15­day buffer stock at any given time and a 30­day buffer during the lean months. The lean runs until September.Suppliers must belong to a country with an existing agreement with the Philippines to participate in the bidding process.

Only Vietnam, Thailand and Cambodia have such an agreement with Manila.Earlier, NFA Deputy Administrator Joseph dela Cruz said they may have to tap the private sector to importation up to 805,200 MT of rice under the minimum access volume (MAV).The MAV sets minimum volume of farm produce allowed to enter the Philippines at a preferred tariff rate of 35 percent. Outside the MAV, a 50 percent tariff rate is imposed on shipments and must be approved by the NFA.The NFA is expected to open the applications for MAV anytime this month. The traders must be able to deliver the grains from September to October.Of the rice imports under MAV, some 755,000MT will be country­specific­ quota (with Vietnam and Thailand getting the bulk), and the remaining 50,000 MT will transacted under an omnibus trade deal.Once the MAV is in play, the total rice imports may reach 1.8 million MT this year, a record high under the Aquino administration.

http://www.manilatimes.net/nfa-to-rebid-100000-mt-rice-supply-contract/191393/


Rice exports hit 2 million tonnes
Description: http://vietnamnews.vn/thumbnail/450/2-gao.jpg?url=Storage/Images/2015/6/12/2-gao.jpg
The VFA recorded year-on-year declines of 10.7 per cent in volume and 13.6 per cent in value for rice exports. — Photo vtv HA NOI (VNS) — Viet Nam earned some US$875 million from shipping nearly 2.1 million tonnes of rice abroad in the first five months of 2015, according to the Viet Nam Food Association (VFA).The VFA recorded year-on-year declines of 10.7 per cent in volume and 13.6 per cent in value for rice exports.In May alone, the volume of rice exports posted a monthly decrease of 19 per cent, mainly as a result of pressure to sell inventory and low-quality rice stemming from Thailand and India, the Nhan Dan (People) newspaper quoted the source as saying.

According to the VFA, the reasons for the decline are China's adjustments to its import quota policies and limited transactions, even across the border, and the selling of rice in stock from Thailand and India. Asia remains the largest continent to import rice from Viet Nam, having purchased some 1.45 million tonnes of the product and accounting for more than 69 per cent of the country's rice export value, followed by Africa and the Americas.Last month, Viet Nam secured a number of important contracts with key markets such as the Philippines, Malaysia and Cuba, while increasing its market share in the Pacific countries and Africa. — VNS
http://vietnamnews.vn/economy/271623/rice-exports-hit-2-million-tonnes.html


Commerce Ministry poised to hold 3rd rice auction


Friday, 12 June 2015From Issue Vol. XXIII No. 24

The Ministry of Commerce is gearing up for the third auction of rice from the government’s stock later this month while seeking ways to deal with another 14 million tons of substandard grains that remain unsold.Department of Foreign Trade Director-General Duangporn Rodphaya indicated that the third round of rice bidding for 2015 is being planned as instructed by the rice management committee. The new lot is comprised of over 1 million tons of 12 different strains, coming from 101 silos at the Government Warehouse Organization and 52 silos at the Marketing Organization for Farmers. It is intended to compensate for the off-season supply which is on the decline.

For the bidding process, the director-general said rules and conditions will remain the same as in previous rounds and the floor value will be specified for bidders to use as reference when making their decision. The grains will be available for preview and quality inspection ending today, June 12. Interested bidders will be able to submit applications on June 15 before qualified candidates are announced and bids are accepted the following day.Duangporn also revealed that there are currently another 16 million tons of rice left in stock. Of that amount, about 2.6 million tons are of good quality and will be gradually auctioned off, whereas the other portion of almost 14 million tons is considered substandard and not consumable. Discussions are being held with related ministries and agencies on alternative means of handling the latter batch, including supplying it to the industrial sector.

http://www.pattayamail.com/business/commerce-ministry-poised-to-hold-3rd-rice-auction-47883#sthash.5SXgDBgU.dpuf



Weekly update on India's summer crop planting


Fri Jun 12, 2015 6:16pm IST
NEW DELHI, June 12 The onset of the monsoon rains has triggered planting of main crops such as rice and cotton, government data showed on Friday, though at a slower pace after a delayed start to the rainy season.    The annual summer rains arrived on the southern Kerala coast
on June 5, missing its usual June 1 entry.     A cyclone that developed on the Arabian Sea halted the progress of the monsoon rains towards mainland India soon after its onset.    Weather officials forecast monsoon rains would cover the entire south of the country, and some parts of rice growing regions in the east, by next week.     The monsoon is unlikely to keep its usual date of June 15 to cover half of India due to the delayed progress, they added.     The following table gives the area under sowing of main summer crops for the week ended June 12 against the year-ago period, in million hectares.    All figures are provisional and are subject to revision as
updates arrive with the progress of the monsoon rains.
 -------------------------------------    
 CROP           2015           2014
 -------------------------------------
 Rice           0.471         0.452
 Oilseeds       0.121         0.094
 Cane           4.158         4.352
 Cotton         1.430         1.734
 -------------------------------------
Source: Farm Ministry
 
 (Reporting by Ratnajyoti Dutta; Editing by Biju Dwarakanath)
http://in.reuters.com/article/2015/06/12/india-crops-update-idINL3N0YY3YT20150612

Fri Jun 12, 2015 2:25pm IST

 

Nagpur Foodgrain Prices Open- Jun 12


Nagpur, June 12 Gram and tuar prices reported down in Nagpur Agriculture Produce and
Marketing Committee (APMC) here on poor buying support from local millers. Fresh fall on NCDEX in gram, downward trend in Madhya Pradesh pulses and reports about government to import pulses also pulled down prices. Heavy pre-monsoon rains yesterday evening in parts of Vidarbha affected arrival, according to sources. 
 
               *            *              *              *
 
    FOODGRAINS & PULSES
    GRAM
   * Desi gram showed weak tendency in open market in absence of buyers amid increased 
     supply from producing regions. 
 
     TUAR
   * Tuar varieties ruled steady in open market here matching the demand and supply 
     position.      
 
   * Rice varieties moved down in open market here on poor demand from local traders amid 
     good supply from producing regions like Chhattisgarh and Madhya Pradesh.
                                                                                             
   * In Akola, Tuar - 7,300-7,700, Tuar dal - 10,100-10,500, Udid at 9,100-9,600, 
     Udid Mogar (clean) - 10,700-11,100, Moong - 9,000-9,200, Moong Mogar 
    (clean) 10,700-11,100, Gram - 4,200-4,500, Gram Super best bold - 6,100-6,300 
     for 100 kg.
 
   * Wheat and other commodities remained steady in open market in poor trading 
     activity, according to sources.
       
 Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg
 
     FOODGRAINS                 Available prices     Previous close   
     Gram Auction                   3,500-4,490         3,600-4,525
     Gram Pink Auction            n.a.           2,100-2,600
     Tuar Auction                6,500-7,170         6,500-7,210
     Moong Auction                n.a.                6,000-6,300
     Udid Auction                n.a.           4,300-4,500
     Masoor Auction                n.a.              2,600-2,800
     Gram Super Best Bold            6,200-6,500        6,200-6,500
     Gram Super Best            n.a.                
     Gram Medium Best            5,800-6,000        5,800-6,000
     Gram Dal Medium            n.a.            n.a.
     Gram Mill Quality            5,500-5,650        5,500-5,650
     Desi gram Raw                4,500-4,600         4,550-4,650
     Gram Filter new            6,000-6,100        6,000-6,100
     Gram Kabuli                5,400-6,900        5,400-6,900
     Gram Pink                6,400-6,600        6,400-6,600
     Tuar Fataka Best             10,500-10,800        10,500-10,800
     Tuar Fataka Medium             9,900-10,300        9,900-10,300
     Tuar Dal Best Phod            9,500-9,700        9,500-9,700
     Tuar Dal Medium phod            8,800-9,300        8,800-9,300
     Tuar Gavarani New             7,350-7,450        7,400-7,500
     Tuar Karnataka             8,000-8,100        8,000-8,100
     Tuar Black                 11,000-11,300           11,000-11,300 
     Masoor dal best            8,000-8,200        8,000-8,200
     Masoor dal medium            7,500-7,900        7,500-7,900
     Masoor                    n.a.            n.a.
     Moong Mogar bold               10,800-11,000       10,800-11,000
     Moong Mogar Medium best        10,000-10,500        10,000-10,500
     Moong dal Chilka            9,500-9,800        9,500-9,800
     Moong Mill quality            n.a.            n.a.
     Moong Chamki best            9,600-9,900        9,600-9,900
     Udid Mogar Super best (100 INR/KG)    11,500-11,750       11,500-11,750
     Udid Mogar Medium (100 INR/KG)    10,600-10,800        10,600-10,800
     Udid Dal Black (100 INR/KG)        8,900-9,200        8,900-9,200
     Batri dal (100 INR/KG)        4,200-4,400        4,200-4,400
     Lakhodi dal (100 INR/kg)           3,300-3,350         3,300-3,350
     Watana Dal (100 INR/KG)        3,400-3,500        3,400-3,500
     Watana White (100 INR/KG)        3,100-3,150         3,100-3,150
     Watana Green Best (100 INR/KG)    3,600-4,500        3,600-4,500
     Wheat 308 (100 INR/KG)        1,400-1,600        1,400-1,600
     Wheat Mill quality(100 INR/KG)    1,550-1,650        1,550-1,650
     Wheat Filter (100 INR/KG)        1,400-1,600           1,400-1,600
     Wheat Lokwan best (100 INR/KG)    2,200-2,400        2,200-2,400
     Wheat Lokwan medium (100 INR/KG)    1,900-2,100        1,900-2,100
     Lokwan Hath Binar (100 INR/KG)    n.a.            n.a.
     MP Sharbati Best (100 INR/KG)    3,100-3,600        3,100-3,600
     MP Sharbati Medium (100 INR/KG)    2,700-2,900        2,700-2,900
     Wheat 147 (100 INR/KG)        1,400-1,500        1,400-1,500
     Wheat Best (100 INR/KG)        1,900-2,100        1,900-2,100     
     Rice BPT New(100 INR/KG)        2,600-2,800        2,700-2,850
     Rice BPT (100 INR/KG)               2,900-3,100        3,000-3,200
     Rice Parmal (100 INR/KG)        1,500-1,750        1,600-1,850
     Rice Swarna new (100 INR/KG)      2,100-2,300        2,100-2,450
     Rice Swarna old (100 INR/KG)      2,400-2,700        2,500-2,800
     Rice HMT new(100 INR/KG)        3,000-3,600        3,100-3,600
     Rice HMT (100 INR/KG)               3,700-4,100        3,800-4,200
     Rice HMT Shriram New(100 INR/KG)    4,200-4,500        4,200-4,600
     Rice HMT Shriram old (100 INR/KG)    4,400-4,900        4,500-5,000     
     Rice Basmati best (100 INR/KG)    8,200-10,200        8,200-10,200
     Rice Basmati Medium (100 INR/KG)    6,000-7,200        6,000-7,200
     Rice Chinnor new (100 INR/KG)    4,600-4,800        4,700-4,900
     Rice Chinnor (100 INR/KG)        5,400-5,900        5,500-6,000
     Jowar Gavarani (100 INR/KG)        2,200-2,450        2,200-2,450
     Jowar CH-5 (100 INR/KG)        2,500-2,600        2,500-2,600
 
WEATHER (NAGPUR)  
Maximum temp. 42.2 degree Celsius (107.9 degree Fahrenheit), minimum temp.
25.2 degree Celsius (77.4 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : 8.8 mm
FORECAST: Partly cloudy sky. Rains or thunder-showers likely towards evening or night. Maximum and minimum temperature would be around and 36 and 26 degree Celsius respectively.
 
Note: n.a.--not available
 
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices
 
http://in.reuters.com/article/2015/06/12/nagpur-foodgrain-idINL3N0YY2XL20150612

Basmati exports to Iran will pick up after October

TOMOJIT BASU
Description: A view of Basmati rice field.
A view of Basmati rice field.
Teheran policy requiring Indian mills, exporters to register causing delay in shipments

NEW DELHI, JUNE 12:  
First quarter numbers for basmati rice exports to Iran – the biggest buyer, accounting for a fourth of sales overseas – are yet to be released, but industry sources say that volumes are likely to pick up only after October even if issuance of import permits may be undertaken from July.

Policy hassles
The current delays are due to the Iranian government’s policy of Indian units and exporters being required to be registered with the Teheran’s Health and Medical Education Ministry. The process can only be initiated by an Iranian importer, who has to furnish a list of intended exporters.“The main factor is the initiation of a new process which requires Indian mills to be assessed for good manufacturing practices. They will be eligible to export to Iran and it’s a slow process, since few units have got themselves registered so far,” said R Sundaresan, Executive Director, All India Rice Exporters’ Association (AIREA).“Exports to Iran are on, but not at the same quantity or speed as the same time last year.

We expect sales to pick up after October, since their own produce is available currently,” he added.While there is no guarantee of basmati sales gathering pace, the issuing of import licenses should begin next month.“A resumption of issuing import permits will take place after Ramadan, which is in July,” said AK Gupta, Director, Basmati Export Development Foundation, APEDA.Iran stopped issuing authorisations last October which saw India’s basmati rice exports slide from $1.4 billion in 2013-14 to $600 million last fiscal.By volume, exports fell from 1.44 million tonnes (mt) to 0.94 mt over the same period.
Importer cartel
Agriculture Minister Radha Mohan Singh met with his Iranian counterpart Mahmoud Hojjati on the sidelines of the UN’s Food and Agriculture Organisation conference in Rome earlier this week to enhance agri-cooperation and increase farm trade.Some domestic millers alleged that political intervention in granting these import permits is partly responsible for dragging basmati prices down to around $1,000/tonne from $1,400-1,500/tonne during the same period a year ago.“A syndicate has been created in Iran on the pretext that it’s easier to monitor quality of Indian basmati.

There are 5-10 importers who work with a few exporters from here. It’s skewing the market in favour of the buyer and driving prices down,” said Vijay Setia, Executive Director, Maharani Rice, toldBusinessLine.The process of selling basmati on a loan-basis under a clean direct-advance (DA) system needed to be corrected as well, he said. “It’s a matter of judgment, once you have a system of import permits, how many people will get them and the number issued is up to the Iran government since it’s their system,” said Gupta.
Prices dip
With the acreage under Basmati expected to rise 5 per cent this year in the counrty against 2.1 million hectares coverage last year, prices could come under further pressure.“The association has no confirmed reports of a cartel operating in Iran. Prices are lower mainly due to huge production of 8.1 mt last year, up from 6 mt the year before and there’s a lot available at the moment,” said Sundaresan.(This article was published on June 12, 2015)
http://www.thehindubusinessline.com/industry-and-economy/agri-biz/basmati-exports-to-iran-will-pick-up-after-october/article7310092.ece

Monsoon enters Mumbai; heavy rain likely for West Coast next week

VINSON KURIAN

The onset of monsoonover Mumbai is delayed by two days but most weather models indicated sustained rainfall for the west coast, including the metropolis, next week.

THIRUVANANTHAPURAM, JUNE 12:  

Description: The onset of monsoonover Mumbai is delayed by two days but most weather models indicated sustained rainfall for the west coast, including the metropolis, next week.The weakening of cyclone ‘Ashobaa’ off Oman on Friday saw the monsoon make fresh surge along the West Coast to enter Mumbai and parts of Madhya Maharashtra.The onset over Mumbai is delayed by two days but most weather models indicated sustained rainfall for the west coast, including the metropolis, next week.A helpful offshore trough will likely come into place by then.An elongated area of low pressure, the trough will receive the flows before directing them into the Western Ghats.
Scaling up
Here they are lifted up, get cooled, and are precipitated as heavy rain.The European Centre for Medium-Range Weather Forecasts has predicted formation of a low-pressure area off the Andhra Pradesh-Odisha coast by Thursday.In tandem with the offshore trough along the west coast, this will help drive the monsoon to peak form across peninsular India and parts of adjoining central India.A ‘low’ forming in the Bay of Bengal is the best bit of news since it holds up the Bay of Bengal arm of the monsoon ensuring rain for the farming heartland of the country.
Less over coast
Statistics until June 10 suggested that in areas covered already by the monsoon, rain was deficient along the west coast, excess over Tamil Nadu and coastal Andhra Pradesh, and normal in rest of peninsula.The European centre said that entire Maharashtra, Telangana, Andhra Pradesh, and north interior Karnataka and parts of northern Tamil Nadu may get moderate to heavy rainfall next week.According to the Indian Institute of Tropical Meteorology, the monsoon is likely to enter central India by June 25.It will cover almost the entire country except the north-west India by June-end.The US Climate Prediction Centre too agrees with this outlook.It has forecast heavy rain for the west coast two weeks starting Friday and going until June 25.
Rain for east

http://www.thehindubusinessline.com/industry-and-economy/agri-biz/monsoon-enters-mumbai-heavy-rain-likely-for-west-coast-next-week/article7310093.ece

 
Mumbai, western parts of Maharashtra, west Madhya Pradesh, Rayalaseema, Telangana, south interior Karnataka and Kerala are expected to come under a wet spell during the first week (June 12-18).The week that follows will see rain sustaining at many of these areas and also extending over central and adjoining east India.India Met Department has said that Bihar, Jharkhand and Odisha would witness rain/thundershowers by end of next week.Thundershowers are also forecast for isolated places in plains of northwest India and adjoining hills.
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Friday, June 12, 2015

12th June (Friday),2015 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

Global Rice Quotes

June 12th, 2015
Long grain white rice - high quality
Thailand 100% B grade          365-375           ↔
Vietnam 5% broken    350-360           ↔
India 5% broken         375-385           ↔
Pakistan 5% broken    380-390           ↔
Myanmar 5% broken   415-425           ↔
Cambodia 5% broken             430-440           ↔
U.S. 4% broken           465-475           ↔
Uruguay 5% broken    565-575           ↔
Argentina 5% broken 555-565           ↔
Long grain white rice - low quality
Thailand 25% broken 340-350           ↔
Vietnam 25% broken 330-340           ↔
Pakistan 25% broken 345-355           ↑
Cambodia 25% broken           410-420           ↔
India 25% broken       360-370           ↔
U.S. 15% broken         455-465           ↔
Long grain parboiled rice
Thailand parboiled 100% stxd            360-370           ↔
Pakistan parboiled 5% broken stxd    410-420           ↔
India parboiled 5% broken stxd         355-365           ↔
U.S. parboiled 4% broken       555-565           ↔
Brazil parboiled 5% broken    570-580           ↔
Uruguay parboiled 5% broken            NQ      ↔
Long grain fragrant rice
Thailand Hommali 92%          840-850           ↔
Vietnam Jasmine         475-485           ↔
India basmati 2% broken        NQ      ↔
Pakistan basmati 2% broken   NQ      ↔
Cambodia Phka Mails             820-830           ↔
Brokens
Thailand A1 Super      315-325           ↔
Vietnam 100% broken            315-325           ↔
Pakistan 100% broken stxd    295-305           ↔
Cambodia A1 Super   350-360           ↔
India 100% broken stxd         280-290           ↔
Egypt medium grain brokens NQ      ↔
U.S. pet food 365-375           ↔
Brazil half grain          NQ      ↔
All prices USD per ton, FOB vessel, oryza.com

Italian Paddy Quotes Show Mixed Trends as on June 9, 2015

Jun 11, 2015
quotes showed diverse trends as on June 9, 2015, with prices of Japonica varieties increasing and Indica prices declining or remaining stable compared to quotations on May 26, 2015. Since June 2 was a public holiday, no quotations were available as on that date. Italy's paddy market is still buying Japonica varieties from the 2014 crop (September - August). Nearly 90% of the 2014 crop has been sold out and about 141,970 tons of the last year's crop are still available.
Below are the paddy quotations supplied by Milan Grain Exchange, farm gate quotes, as of June 9, 2015:
Arborio-Volano paddy  was shown at 870-900 euros (about $ 982-1,016) per ton. In three weeks the quotations increased 17%. On May 26 this variety were out at 790-820 euros (about $ 891-925) per ton.
Balilla, Centauro and similar varieties paddy prices are firm at 415-430 euros (about $ 468-485) per ton, unchanged from the prior weeks.
Lido, Crono, Flipper and similar paddy varieties are shown at 325-340 euros (about $ 366-383) per ton, unchanged from May 26.
Padano-Argo was not quoted on May 26 since there is almost no more availability. Vialone Nano grew to 810-860 euros (about $ 914-970) per ton, from 770-820 euros (about $ 869-925) per ton of May 26.
Thaibonnet and similar Indica varieties are out at 330-340 euros (about $ 372-383) unchanged from the prior weeks.
Sant'Andrea  quoted 525-575 euros (about $ 592-649) per ton, unchanged from May 26.
Carnaroli went up to 870-900 euros (about $ 982-1,016) per ton, from 790-820 euros (about $ 891-925) per ton on May 26.
Baldo paddy prices furtherly went down to 490-540 euros (about $ 553-609) per ton, from 510-560 euros (about $ 575-632) per ton on May 26.
Roma grew at 625-655 euros (about $ 705-739) per ton from 575-605 euros (about $ 649-683) per ton on May 26. 
Selenio was shown at 405-430 euros (about $ 457-485), unchanged from the prior weeks.
Augusto went slightly down to 345-360 euros (about $ 447-464) per ton, from 355-370 euros (about $ 400-417) per ton on May 26.
Loto and Nembo quoted as Augusto at 345-360 euros (about $ 447-464) per ton, down from 355-370 euros (about $ 400-417) per ton on May 26.
Luna Cl, Dardo and similars quoted 320-340 euros (about $ 361-383) per ton, unchanged from May 26.

Oryza Afternoon Recap - Chicago Rough Rice Futures Dragged Down as Bearish Wheat S&D Report Sends Grain Complex Lower

Jun 11, 2015
Chicago rough rice futures for Jul delivery settled 7.5 cents per cwt (about $2 per ton) lower at $9.795 per cwt (about $216 per ton). Rough rice futures continued lower as the market continues to pull back from overhead resistance and continues within its sideways $9.500-$10.000 per cwt (about $209-$220 per ton) trading range. The market outlook will remain neutral until either of these levels is broken and a new trend confirmed. The other grains continued lower once again led by a sharp decline in wheat prices; Soybeans closed about 15% lower at $9.4000 per bushel; wheat finished about 1.8% lower at $5.0425 per bushel, and corn finished the day about 0.2% lower at $3.5650 per bushel.
U.S. stocks traded slightly higher on Thursday as investors cheered a good retail sales report while remaining cautious following mixed news on the Greece debt talks. In mid-morning trade the International Monetary Fund spokesman said there were "major differences" with Greece on aid negotiations and that the IMF team has left Brussels, where the talks were held, Reuters said. European stocks also pared gains from earlier hopes of a Greece deal, with the DAX closing 0.6% higher after earlier gaining 1.5%. The ATHEX Composite ended 8.16% higher. European officials said there was a "good chance" of a deal ahead of the euro group meeting next week. Greece's Prime Minister, Alexis Tsipras, and European Commission President Jean-Claude Juncker ended talks on the debt negotiations without coming to a resolution. A European Union diplomat told Reuters the discussion was a "last attempt" to reach a deal, while Dow Jones reported that Juncker said in a statement that he held an "important, friendly and constructive meeting" with Tsipras. Analysts remained optimistic that Greece would come to a deal with its creditors. The Dow Jones Industrial Average traded up 59 points, or 0.33%, at 18,060. The S&P 500 traded up 4 points, or 0.22%, at 2,109, with telecommunications leading eight sectors higher and energy the greatest laggard. The Nasdaq traded up 3 points, or 0.07%, at 5,080. Gold is trading about 0.6% lower, crude oil is seen trading about 1.2% lower, and the U.S. dollar is seen trading about 0.6% higher at about  1:00pm Chicago time.
Wednesday, there were 1,048 contracts traded, up from 948 contracts traded on Tuesday. Open interest – the number of contracts outstanding – on Wednesday decreased by 2 contracts to 12,032.

High-Interest Loans Deter Rice Export Growth, Says National Bank Official

Jun 11, 2015
High-interest loans offered by banks have been reducing funding opportunities for rice millers and are consequently deterring export growth in the country, according to the Director-General (DG) of the National Bank of Cambodia.Addressing an investment luncheon in Phnom Penh, the DG told local sources that this inability of millers to raise finances is contributing to the exporters' failure to meet the export goal of one million tons in 2015.
“A lot of our rice millers face difficulties in getting loans from the banks because the banks ask the millers to use their land as collateral,” she said. “But the millers say they don’t have land to use as collateral because they just rent or lease it,” she added.She also noted that millers need money to buy paddy from farmers, process it and to buy rice milling equipment and for their maintenance, most of the times, exporters delay payments to millers. Therefore, banks usually consider lending to millers as a risky proposition.
Even the members of the Cambodia Rice Federation (CRF) have been urging the government to take requisite measure to increase loan availability options to millers as well as improve rice milling infrastructure to ensure speedy deliveries to exporters.Cambodia exported about 243,025 tons of rice in the first five months of 2015 (January - May 2015), up about 64% from about 148,262 tons rice exported in the same period last year according to the Secretariat of One Window Service for Rice Export. Cambodia has exported about 387,100 tons of rice in 2014.USDA estimates Cambodia to export 1.2 million tons of rice (including official and unofficial exports to Vietnam and Thailand through borders) in 2015, up about 9% from an estimated 1.1 million tons in 2014.

Oryza U.S. Rough Rice Recap - Prices Dip Slightly after USDA Increases Old and New Crop Carry-over; Export Sales Continue to Struggle

Jun 11, 2015
The U.S. cash market was slightly weaker today after the USDA increased their old crop ending stocks estimated by 0.5 million cwts (22,680 tons) and their new crop ending stocks estimate by 1.0 million cwts (45,359 tons) both on account of increased imports.Analysts continue to stress that prices will likely remain depressed until there is a significant increase in export demand however even at the levels we see today exporters are still struggling to make sales, which has been evident in the last weeks of USDA export sales figures.
The USDA reported that cumulative net export sales for the week ending on June 4th, totaled 36,400 tons, which was 7% higher than last week and 8% higher than the prior 4-week average.Increases were reported for the following destinations including: 9,700 tons to Panama, 7,100 tons to Haiti, 6,000 tons to Haiti, 3,200 tons to Mexico, and 2,700 tons to tons Canada.U.S. rice exporters shipped 102,700 tons, which was 80% higher than last week and 56% higher than the prior 4-week average. The primary destinations included: 34,100 tons to Colombia, 28,300 tons to Mexico, 17,600 tons to Haiti, 9,000 tons to Honduras, and 4,100 tons to Canada.

Pakistan Exporters Plan to Boost Rice Sales to Iran

Jun 11, 2015
Pakistan rice exporters are planning to increase rice exports to Iran as part of efforts to meet the export target of 3.5 million tons this year, according to Reuters.Reuters quoted a Pakistan-based rice analyst as saying that the production this year may reach 6.5 million tons but the export demand is waning due to declining rice prices. Therefore lower exports are expected in 2015, he said.
"Iran can be good partner of Pakistani rice and trade can be increased. But there are few difficulties of the embargoes," he was quoted as saying. He noted that there already exists a border trade between Pakistan and Iran for rice under which local merchants usually export through borders. However, a nuclear deal would help all the merchants to expand their business to Iran.Iran is currently trying to overcome differences with the six super powers over the self-imposed June 30 deadline to reach a deal over its disputed nuclear program.
The Middle East nation, which is the largest buyer of basmati rice, imposed a temporary ban on rice imports in November 2014 and still there is no clarity as to when it would end the ban.Pakistan has exported around 3.45 million tons of rice (around 428,051 tons of basmati and around 3.02 million tons of non-basmati) in the first ten months of FY 2014-15 (July 2014 - June 2015), up about 6% from around 3.25 million tons (around 601,273 tons of basmati and around 2.71 million tons of non-basmati) exported during the same period in FY 2013-14.  

ABARES Estimates Australia 2014-15 Paddy Rice Production at 720,000 Tons, Down 11% from Last Year

Jun 11, 2015
Australia's paddy rice production in MY 2014-15 (April 2014 - March 2015) is estimated to decline to around 720,000 tons (around 517,680 tons, basis milled), down about 11% from an estimated 808,988 tons (around 582,471 tons, basis milled) in MY 2013-14, according to data from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).In its June crop outlook report, the ABARES attributes the decline in paddy rice production to a 5% y/y decline in planting area to around 70,000 hectares reflecting reduced supplies of irrigation water in the main rice producing region of New South Wales as well as a 7% y/y decline in average yield to around 10.29 tons per hectare.
Total summer crop production is estimated to have declined by 4% in 2014–15 to 3.8 million tonnes, due to decline in production of cotton and rice. The area planted to summer crops declined by 9% to around 1 million hectares.The weather report issued by the Bureau of Meteorology (BOM) on 28 May 2015 suggests an average winter rainfall in the cropping regions of Victoria and South Australia and above average rainfall in the cropping regions of Western Australia. However, it is likely there will be below average winter rainfall in the cropping regions in southern Queensland and most of New South Wales.The BOM expects decreased winter spring rainfall over southern and central Australia due to an impending El Nino weather pattern in the Pacific Ocean.

Oryza Overnight Recap – Chicago Rough Rice Futures Remain Under Pressure as Exports Continue to Lag

Jun 11, 2015
Chicago rough rice futures for Jul delivery are currently seen trading 10.5 cents per cwt (about $2 per ton) lower at $9.765 per cwt (about $215 per ton) during early floor trading in Chicago. The other grains are seen trading lower; soybeans are currently seen trading about 0.5% lower, wheat is listed about 1.7% lower and corn is currently noted about even.U.S. stocks opened higher on Thursday as a good retail sales report and optimism on Greece encouraged investors. Greece's Prime Minister, Alexis Tsipras, held late-night talks with German and French leaders and agreed to step up talks with international creditors in order to avert a debt default. Retail sales for May showed an increase of 1.2%, with the ex-autos figure up 1%.
April retail sales were revised upward to 0.2% from flat. Weekly jobless claims totaled 279,000, slightly above expectations. Investors also looked ahead to next week's U.S. Federal Reserve meeting, which is not expected to change the consensus view for a September rate hike. U.S. stocks bounced on Wednesday, closing more than 1% higher amid some encouraging signs on talks between Greece and its creditors on a cash-for-reform deal. The Dow Jones Industrial Average opened up 60 points, or 0.33%, at 18,060. The S&P 500 opened up 7 points, or 0.32%, at 2,112, with utilities leading all 10 sectors higher. The Nasdaq opened up 19 points, or 0.37%, at 5,095. Gold is currently trading about 0.5% lower, crude oil is seen trading about 0.6% lower,  and the U.S. dollar is currently trading about 0.7% higher at8:45am Chicago time.

Pakistan Targets to Produce 6.9 Million Tons of Milled Rice in 2015-16, Says SUPARCO-FAO Report

Jun 11, 2015
In the May Crop Monitoring System Bulletin, the National Space Agency of Pakistan (SUPARCO) and UN’s Food and Agriculture Organization (FAO) reports that the Federal Committee on Agriculture (FCA) has fixed the 2015- 16 (July - June) milled rice production target at around 6.9 million tons (around 10.21 million tons, basis paddy) from around 2.8 million hectares. It is targeting an yield of around 2.434 tons per hectare in 2015-16.The rice is majorly grown in Punjab, Sindh, KP and Balochistan provinces. Usually rice nurseries are sown in May. While transplanting of the IRRI rice is carried out during June-July, transplanting of basmati is carried out in July-August, says the report.
Eaarlier, in March, the SUPARCO and FAO have estimated Pakistan FY 2014-15 (July - June) paddy rice production to decline about 19% to around 8.437 million tons (around 5.65 million tons, basis milled) from around 10.04 million tons (around 6.72 million tons, basis milled) produced last year. They have estimated FY 2014-15 paddy rice acreage at around 3.285 million hectares and yield at around 2.568 tons per hectare.The decline is attributed to floods that hit the Punjab state in the month of August 2014 having damaged around 116,700 hectares of paddy fields. Over 217,000 tons of paddy is said to be lost in the Punjab state. The government of Punjab reportedly announced a compensation of Rs.16 billion (around $159 million) to the flood-affected communities.USDA estimates Pakistan's MY 2014-15 (November - October) milled rice production to increase about 3% to around 6.9 million tons (around 10.35 million tons, basis paddy) from around 6.7 million tons (around 10.05 million tons, basis paddy) in MY 2013-14.

Pakistan Rice Sellers Lower Some of Their Quotes Today; Other Asia Rice Quotes Unchanged

Jun 11, 2015
Pakistan rice sellers lowered their quotes for 5% broken rice and 25% broken rice by about $5 per ton and $15 per ton to around $380 - $390 per ton and $335-$345 per ton, respectively, today. Other Asia rice sellers kept their quotes mostly unchanged.
5% Broken Rice
Thailand 5% rice is indicated at around $355 - $365 per ton, about $5 per ton premium on Vietnam 5% rice  shown at around $350 - $360 per ton. India 5% rice is indicated at around $375 - $385 per ton, about $5 per ton discount to Pakistan 5% rice shown at around $380 - $390 per ton, down about $5 per ton from yesterday.
25% Broken Rice
Thailand 25% rice is shown at around $340 - $350 per ton, about a $10 per ton premium on Vietnam 25% rice shown at around $330- $340 per ton. India 25% rice is indicated at around $360 - $370, about $25 per ton premium on Pakistan 25% rice shown at around $335 - $345 per ton, down about a $15 per ton from yesterday.
Parboiled Rice
Thailand parboiled rice is indicated at around $360 - $370 per ton. India parboiled rice is indicated at around $355 - $365 per ton, about a $55 per ton discount to Pakistan parboiled rice shown at around $410 - $420 per ton.
100% Broken Rice
Thailand broken rice, A1 Super, is indicated at around $315 - $325 per ton, on par with Vietnam 100% broken rice shown at around $315 - $325 per ton. India's 100% broken rice is shown at around $280 - $290 per ton, about a $15 per ton discount to Pakistan broken sortexed rice shown at around $295 - $305 per ton.

Philippines Lowers Forecasts for 2015 Second Quarter Paddy Output

Jun 11, 2015
The Philippines Statistics Authority (PSA) forecasts Philippines's 2015 second quarter (April - June) production to decline by about 4.3% to around 3.898 million tons from last year's 4.073 million tons and about 0.1% from its April forecast of around 3.902 million tons due to a decline in harvest area prompted by dry spell and insufficient water supply as well as incidence of pests and diseases in some rice growing areas.The PSA estimates the harvest area to decline to around 910,000 hectares from around 920,000 hectares last year. It however estimates the yield to increase to around 4.27 tons per hectare from around 4.25 tons per hectare.
Harvesting of the 2015 standing crop is in about 630,000 hectares is complete, and planting is complete in about 124,000 hectares of the next crop, according to the PSA.
Last month, the PSA forecasted paddy production in the first half of 2015 (January - June) at around 8.27 million tons, down about 1.32% from around 8.38 million tons last year.The NFA has decided to import 650,000 tons of rice (200,000 tons from Thailand and 450,000 tons from Vietnam) under government-to-government deals in 2015 to ensure adequate stocks in the lean season (June – September). It is further planning to import 805,200 tons of rice through private importers under the WTO minimum access volume (MAV) rule.
It imported more than 1.8 million tons of rice (including 1.5 million tons of 2014 imports and 300,000 tons of 2013 residual imports) in 2014 to replenish rice stocks and control price hikes.USDA estimates Philippines MY 2014-15 (July - June) paddy rice production at around 19.365 million tons (around 12.2 million tons, basis milled), up about 3% from around 18.822 million tons (around 11.86 million tons, basis milled) produced in the previous year. It estimates the Philippines to import 1.7 million tons of rice in 2015.






USDA Forecasts Higher All Rice Beginning Stocks, Exports and Imports in MY 2015-16

Jun 11, 2015
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In its June World Agricultural Supply and Demand Estimates (WASDE) report, the USDA has forecasted U.S. MY 2015-16 all rice beginning stocks to increase to around 2.06 million tons, up about 43% from around 1.44 million tons last year and up about 6% from its last month's forecasts of 1.95. It forecasts long-grain rice beginning stocks to increase to around 1.3 million tons and combined medium and short grain rice beginning stocks to increase to around 0.66 million tons.
USDA forecasts the 2015-16 U.S. all rice exports to increase to around 4.99 million tons, up about 5% from last year's 4.76 million tons and up about 1.8% from last month's forecast of around 4.9 million tons. U.S. long-grain exports are expected to increase to around 3.45 million tons, up about 4% from last year's 3.31 million tons and unchanged from last month's forecast of around 3.45 million tons. On the other hand, U.S. medium-and-short grain exports are expected to increase to around 1.54 million tons, up about 6% from last year's 1.45 million tons and up about 6% from last month's forecast of around 1.45 million tons as a large outstanding sales balance to Northeast Asia in 2014-15 will likely be shipped in 2015-16.
the USDA has forecasted U.S. MY 2015-16 all rice imports to increase to around 1.13 million tons, up about 4% from around 1.09 million tons last year and up about 1.18% from its last month's forecasts of 1.11 million tons.
USDA increased its estimates for U.S. MY 2015-16 all rice ending stocks by about 2.3% to around 2.2 million tons from its last month's estimates of around 1.86 million tons. It estimates U.S. all rice ending stocks to increase about 13% y/y in MY 2015-16. USDA increased estimates for U.S. MY 2015-16 long-grain ending stocks by about 2.6% to around 1.59 million tons from last month's estimate of around 1.55 million tons. It estimates U.S. long-grain rice ending stocks to increase about 25% y/y in MY 2015-16. However, USDA kept its estimates for U.S. MY 2015-16 combined medium & short-grain ending stocks unchanged from last month's estimate of around 0.5 million tons. It estimates U.S. combined medium & short-grain rice ending stocks to decline about 12% y/y in MY 2015-16.
USDA estimates MY 2015-16 U.S. all rice farm prices to decline slightly to around $271.00 - $293.21 per ton from last month's estimates of around $271.17 - $293.21. It kept its estimates for long-grain rice farm prices and combined medium and short-grain farm prices to remain at last month's level of $220.46 - $242.51 and $392.42 - $414.46 respectively.
The USDA has kept its forecasts for U.S. all rice production unchanged from last month.

Philippines Rice Stocks Increase for Second Consecutive Month in May 2015

Jun 11, 2015
The Philippines rice stocks have increased for second consecutive month in May 2015 after declining for three consecutive months since January 2015, according to the Bureau of Agricultural Statistics (BAS).Total rice stocks in the Philippines as of May 1, 2015 reached around 3.17 million tons, up about 25% from around 2.54 million tons recorded in April 2015, and up about 26% from around 2.52 million tons recorded during the same period last year.
According to the BAS, household stocks (which account for about 47% of total rice stocks in the country) have reached around 1.49 million tons as of May 1, 2015, up about 12% from year-ago levels of around 1.33 million tons. Commercial warehouse rice stocks (which account for about 33.7% of total stocks) have reached around 1.07 million tons as of May 1, 2015, up about 47% from their year-ago levels of around 730,000 tons. The rice stocks with the National Food Authority (NFA) (which account for 19.3% of total stocks) stood at around 610,000 tons, up about 30% from around 470,000 tons recorded in May 2014.Month-on-month, household rice stocks are up about 18%, commercial warehouse rice stocks are up about 34% and NFA rice stocks - in which about 96.2% are imported rice - are down about 24%, according to the BAS.
The BAS says that the Philippines' rice stocks as of May 1, 2015 are enough to last for 93 days (household stocks are enough for 44 days, commercial warehouses stocks are enough for 31 days and stocks with NFA are enough for 18 days).The government is planning to ramp up imports to ensure adequate stocks and avoid price hikes in the country. The National Food Authority (NFA) has decided to import 650,000 tons of rice (200,000 tons from Thailand and 450,000 tons from Vietnam) under government-to-government deals in 2015 to ensure adequate stocks in the lean season (June – September). It is further planning to import 805,200 tons of rice through private importers under the WTO minimum access volume (MAV) rule. It imported more than 1.8 million tons of rice (including 1.5 million tons of 2014 imports and 300,000 tons of 2013 residual imports) in 2014 to replenish rice stocks and control price hikes.

Thailand Supreme Court Grants Bail to Former Commerce Minister in G2G Rice Case

Jun 11, 2015
Thailand's Supreme Court has granted bail to the former Commerce Minister in the government-to-government (G2G) rice sales case, according to local sources.The President of the Supreme Court’s Criminal Division for Political Office-Holders, who supervises the case, told local sources that the Court granted bail to the former Minister at 20 million baht (around $593,190) and ordered him not to leave the country without its permission. The former Minister reportedly placed a saving account as surety.
Some 21 individuals, including the former Commerce Minister and the former Deputy Commerce Minister have been indicted for their alleged corruption in government-to-government (G2G) rice deals with two Chinese companies. The 21 individuals apparently helped two Chinese companies, which were reportedly not authorized by the Chinese government, to seal G2G contracts for about 1.2 million tons of rice with the Thai government without participating in a bid.The individuals are said to have violated the Criminal Code, the Public Competitive Bidding Act and the Anti-Corruption Act. The first trial against the 21 individuals will commence on June 29, 2015. If found guilty, the 21 individuals, including the former Commerce Minister, may face life imprisonments as well as a fine of up to 35.2 billion baht (around $1.1 million).

Thai Irrigation Department Advises Farmers to Delay 2015 In-Season Rice Planting Till July

Jun 11, 2015
Thailand's Royal Irrigation Department (RID) has advised farmers to delay in-season/main season (April - January) rice planting to due to persisting drought conditions and depleted water reserves, according to local sources.The Director-General of the RID told local sources that the announcement has been issued to rice farmers in the Chao Phraya River Basin to limit their use of water on their farms as the rainfall so far has been lower than the forecast. He also noted that decrease in water input in reservoirs coupled with increase in output to offset the dry weather conditions has led to a fast depletion of water sources.
He noted that a postponement of rice planting would help in averting a severe shortage of water. The DG suggested that July would be more appropriate to start rice planting as they expect rains to pick up by then.

Vietnam Rice Exports to Africa Increase Significantly in First Five Months of 2015, Says MOIT

Jun 11, 2015
Vietnam's rice exports to Africa have increase both in volume and value during the first five months of 2015 after getting stagnated for a few months in 2014 due to the spread of the Ebola pandemic, according to a report by the Department of Africa, West Asia and South Asia Markets under the Ministry of Industry and Trade (MOIT).Most of the increase has been to the West African nations, according to the report. According to data from the General Department of Customs, rice exports to Algeria increased by about 32% in tonnage and 29% in value; rice exports to Angola increased by about 49% in tonnage and 33% in value; rice exports to Ivory Coast increased by about 14% in tonnage and 22% in value; and rice exports to Ghana increased by about 15% in tonnage and 12% in value.
According to the USDA Post, Vietnam exported 236,248 tons of rice to African destinations in during January - April 2015, up about 27% from around 186,068 tons exported during the same period in 2014.The report also shows that Vietnam's rice exports to West Asian countries such as UAE, Saudi Arabia, Qatar, Jordan, and Syria also increased considerably.Vietnam exported about 2.081 million tons of rice in first five months of calendar year 2015, down about 11% from about 2.34 million tons of rice exported during same time in last year, according to data from the Vietnam Food Association (VFA). 


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