Friday, June 26, 2015

25th June (Thursday), 2015 Daily Global Rice E-Newsletter by Riceplus Magazine

Mekong Delta enjoys bumper summer-autumn rice crops
The Mekong Delta Rice Research Institute has estimated that summer-autumn crops of the region would generate 9 million tonnes of rice this year, up 120,000 tonnes from the same period last year, despite the reduction in cultivated area.


Description: Mekong Delta enjoys bumper summer-autumn rice crops

The Mekong Delta has harvested more than 300,000 hectares of rice to date, representing 18 percent of its rice growing areas.Average yield of the entire region is estimated around 5.45 tonnes per hectare while that of Can Tho, An Giang and Dong Thap provinces reaches 6.3-6.5 tonnes per hectare.The wholesale price for paddy rice is around 5,000-5,400 VND (0.23-0.25 USD) per kilogramme. Farmers earn a profit of 27-38 percent of the price as each kilogramme produced costs them about 3,917 VND (0.18 USD).Mekong Delta provinces have followed a strict schedule of rice farming to avoid drought, flooding and diseases.

Several new cultivation techniques have been spread among local farmers, notably “3 Down, 3 Up” (3 Down: seeds, fertilizers and pesticides; 3 Up: productivity, quality and economic efficiency), and “1 Must, 5 Down” (1 Must: must use of certified rice seeds; 5 Down: decreases in the amount of sowed seeds, in the use of crop protection chemicals, nitrogenous fertilizer and water, and in post-harvest losses).The provinces focused on growing high-quality rice with more than 85 percent of paddy areas while disease control and irrigation works were well-prepared.The farmers were also provided soft loans to purchase agricultural equipment for improved cultivation.
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http://english.vietnamnet.vn/fms/society/134221/mekong-delta-enjoys-bumper-summer-autumn-rice-crops.html

Thai rice supply to M'sia not affected despite drought
Business Desk
The Star
Publication Date : 25-06-2015
 The ongoing drought in Thailand will not affect Malaysia’s supply of imported rice.Agriculture and Agro-based Industry Deputy Minister Tajuddin Abdul Rahman said his ministry, which was monitoring the situation in Thailand, was prepared to ensure it would not affect the country’s stockpile.“However, if the drought does affect our supply, we can direct Padiberas Nasional Bhd (Bernas) to look for other sources including from other Asean countries.“So far, there is no issue of supply problem,” he said yesterday.
Malaysia imports about one million tonnes of rice yearly, of which between 80 per cent and 90 per cent come from Thailand. Malaysians are estimated to consume about 2.702 billion tonnes of rice per year with Bernas importing about 30 per cent to 40 per cent the demand.Following the rice crisis of 2008, the government had increased the national stockpile level from 92,000 metric tonnes to 292,000 metric tonnes at any one time.Thailand is currently battling drought in eight of 76 provinces, but 31 other provinces are faced with the risk of drought, Thailand’s Interior Ministry said.

The ongoing drought will cut major rice exporter Thailand’s 2015 off-season crop by over 30 per cent, according to the latest report from Thailand’s Office of Agricultural Economics.Tajuddin said Thailand government representatives attending Asean’s Food and Agriculture Business Environment in post-2015 meeting in Hanoi had given their assurance to the ministry that they were committed to fulfilling the demand from Malaysia.
He also gave an assurance that Bernas had committed to a long-term deal with Thailand’s rice suppliers who must meet all the conditions agreed upon.“I am sure when they entered the agreement, they will have considered the best terms, including pricing, quality, safety and delivery,” said Tajuddin.“They have to make sure that there will be no hiccup in terms of transportation and distribution.“This is because the supply of rice is critical to the people of the country,” he added.

http://www.asianewsnet.net/Thai-rice-supply-to-Msia-not-affected-despite-drou-77082.html

Basmati rice exporters in a fix over falling prices

Future looks tense as export deal with Iran delayed, international prices also low
Dilip Kumar Jha  |  Mumbai  
June 25, 2015 Last Updated at 22:34 IST

Description: http://bsmedia.business-standard.com/_media/bs/img/article/2014-05/21/full/1400690867-0792.jpgBasmati rice exporters are worried at a sudden fall in realisation in the wake of a supply glut.Data compiled by the Agricultural and Processed Food Products Export Development Authority show a decline in export by a marginal 1.5 per cent in volume terms to 3.7 million tonnes in 2014-15, as compared to 3.76 mt the previous year. In value terms, however, the fall was 7.5 per cent, showing a five per cent fall in average realisation.
“Iran has purchased a lesser quantity in the past 18 months, largely for political reasons.

If demand picks up and the price firms up, we can grab some market share from Pakistan,” said Gurnam Arora, joint managing director, Kohinoor Foods.The Saudi Arabia and Europe markets did reasonably well. Saudi Arabia took over from Iran as India’s largest destination for basmati rice export in 2014-15. It imported 966,931 tonnes worth $1,188 million, as compared to 826,289 tonnes valued at $1,109 mn in 2013-14.


Description: http://bsmedia.business-standard.com/_media/bs/img/article/2015-06/26/full/1435265036-0705.jpgShipment to Iran declined 39 per cent in value terms, to $1,108 mn (935,568 tonnes) in 2014-15 versus $1,835 mn (14,40,654 tonnes) the previous year.“The government of Iran takes a rice import decision based on the current paddy crop. Since September is the normal harvesting season, any decision on bilateral rice import will be taken only around that time. Normally, they reduce customs duty on import from the Most Favoured Nation. So, we will have to wait a couple of months for any purchase agreement to get signed with India,” said Ajai Sahai, Director General, Federation of Indian Export Organisations.

A deal with Iran was expected to get signed in April but didn't happen. Currently, only a few exporters are interested in shipping to Iran, due to uncertainty over special treatment for Indian exporters.“Global prices of rice have declined to the level of 2008. Emergence of some competitors has also lowered basmati rice demand from India’s perennial importers. Third, importing countries are holding Indian rice imported earlier and are now disposing that inventory instead of ordering new quantities,” Sahai added.Meanwhile, the United States also lowered its basmati rice purchase during the last financial year. After importing 103,378 tonnes worth $143.88 million in 2013-14, total basmati rice exports to the United States fell to 80 540 tonnes valued $132.30 million in 2014-15.

"Basmati rice exporters are bleeding due to high cost of processing and low realisation. Cost of paddy procurement for 1121 variety of basmati rice stood at Rs 40,000 a tonne. On processing, basmati rice manufacturing cost works out to Rs 70,000 a tonne. Further incurring cost on exports should yield at least $1800 a tonne," said M P Jindal, President, All India Rice Exporters' Association.So, the industry incurred a loss of around 30% during the financial year 2014-15 after similar loss witnessed in the previous year. Two consecutive years' loss has threatened existence of many basmati rice exporters. Jindal urged the government to protect interest of India's basmati rice exporters through some export subsidy.

http://www.business-standard.com/article/markets/basmati-rice-exporters-in-a-fix-over-falling-prices-115062500844_1.html

APEDA (India) News
Price on: 24-06-2015
Product
Benchmark Indicators Name
Price
Apricots
1
Turkish No. 2 whole pitted, CIF UK (USD/t)
5975
2
Turkish No. 4 whole pitted, CIF UK (USD/t)
5375
3
Turkish size 8, CIF UK (USD/t)
4375
Raisins
1
Californian Thompson seedless raisins, CIF UK (USD/t)
2682
2
South African Thompson seedless raisins, CIF UK (USD/t)
2286
Sultanas
1
Australian 5 Crown, CIF UK (USD/t)
3037 
2
Iranian natural sultanas (Gouchan), CIF UK (USD/t)
1873
3
Turkish No 9 standard, FOB Izmir (USD/t)
2150
Source:agra-net
For more info
Market Watch
Commodity-wise, Market-wise Daily Price on 24-06-2015
Domestic Prices
Unit Price : Rs per Qty
Product
Market Center
Variety
Min Price
Max Price
Barley (Jau)
1
Dahod (Gujarat)
Other
1200
1250
2
Guna (Madhya Pradesh)
Other
1150
1150
3
Deoli (Rajasthan)
Other
1050
1130
Maize
1
Dhing (Assam)
Other
1320
1500
2
Meghraj (Gujarat)
Other
1300
1400
3
Khanna (Punjab)
Other
1000
1130
Pine Apple
1
Chala (Kerala)
Other
3200
3250
2
Shillong (Meghalaya)
Other
2000
2200
3
Ropar (Punjab)
Other
2400
2800
Carrot
1
Mannar (Kerala)
Other
2500
2700
2
Bonai (Orissa)
Other
2000
3000
3
Kamthi (Maharashtra)
Other
2600
3000
Source:agra-net
For more info
Egg
Rs per 100 No
Price on 24-06-2015
Product
Market Center
Price
1
Ahmedabad
397
2
Chittoor
440
3
Hyderabad
390
Source: e2necc.com
Other International Prices
Unit Price : US$ per package
Price on 24-06-2015
Product
Market Center
Origin
Variety
Low
High
Potatoes
Package: 50 lb cartons
1
Atlanta
Colorado
Russet
20
23.50
2
Baltimore
Idaho
Russet
16
19
3
Detroit
Wisconsin
Russet
19
19.50
Cauliflower
Package: cartons film wrapped
1
Atlanta
California
White
23.50
23.50
2
Baltimore
Mexico
 White
23
23
3
Miami
California
White
19.50
20
Grapes
Package: 18 lb containers bagged
1
Atlanta
Mexico
Red Globe
21.50
23.50
2
Dallas
Peru
Red Globe
28
28
3
Detroit
Mexico
Red Globe
24
26
Source:USDA




Arsenic in Rice: What You Need to Know


By Rick Ansorge   |   Wednesday, 24 Jun 2015 06:05 PM

Now that millions of Americans are avoiding gluten in wheat products, they’re increasingly turning to rice products, which are free of the protein that causes digestive stress in some people. What they may not know is that rice contains shocking amounts of one of the world’s most insidious toxins: arsenic.Arsenic is found naturally in soil and water. Most food crops don’t readily absorb much of it. But rice is an exception. It has a natural tendency to take in and concentrate environmental arsenic.

Arsenic is a lethal poison, and even a miniscule amount can have dire consequences. “It is concerning for long-term health effects,” says Michael Crupain, M.D., director of Consumer Reports’ Food Safety and Sustainability Center.“There’s strong evidence that arsenic causes lung and bladder cancer,” Dr. Crupain tells Newsmax Health. “It’s also implicated in causing other cancers such as skin cancer.”

Dr. Crupain and his colleagues did comprehensive tests of arsenic in rice and compiled previous findings. They found wide variations in arsenic content, and concluded that these differences largely depend on the type of rice and where it is grown.
 Here are six things you need to know about arsenic in rice: 

1. White basmati and sushi rice contain the least arsenic.
 

White basmati rice from California, India, and Pakistan — and sushi rice from any country — are the healthiest choices.
 They contain only about half as much arsenic per serving as most other types of rice. If these were the only rice products consumed in a household, an adult could safely eat up to 4½ servings (¼ cup uncooked) per week while a child could safely eat up to 2¾ servings per week, according to Consumer Reports.
“When we looked at basmati rice that comes from the south central U.S., which is sometimes called Texmati rice, we didn’t see that it had the same statistically significant lower levels of inorganic arsenic,” says Dr. Crupain. White basmati rice from California, India, and Pakistan contains about 50 percent less arsenic as white basmati rice from Texas, Arkansas, and Louisiana. Overall, any type of white rice from California contains about 38 percent less arsenic than any other white rice.

3. Brown rice contains the most arsenic.
 

On average, brown rice contains 80 percent more arsenic than does white rice of the same type.
 That’s because arsenic accumulates in the grain’s brown outer layer, which is removed to make white rice. Because brown rice contains more nutrients than white rice, however, experts don’t recommend completely avoiding it. Brown basmati rice from California, India, or Pakistan is your best brown rice bet.


4. Some rice products are awash in arsenic.
 

One serving of hot rice cereal (¼ cup uncooked) and one serving of rice pasta (2 ounces uncooked) are loaded with arsenic.
 Just a single serving of either food accounts for about half of the recommended weekly maximum amount of rice for adults. 

5. Other grains contain only minimal amounts of arsenic.
 

Compared to rice, other gluten-free grains such as amaranth, quinoa, buckwheat, millet, and polenta (or grits) contain lower levels of arsenic. So do gluten-containing grains such as bulgur, barley, and farro.

6. Cook rice like pasta to reduce arsenic.
 

Studies suggest that you can remove 30–50 percent of the arsenic in rice by cooking it like pasta. Thoroughly rinse raw rice before cooking, boil it in a mixture of six cups of water to every one cup of rice, and then drain the excess water.In general, brown rice holds up to this traditionally Asian cooking method better than white rice. But you still may be able to remove a significant amount of arsenic from white rice if you carefully rinse it before cooking it in the traditional American manner.
The full version of this article appeared in Health Radar newsletter. To read more, clickhere.

Importers of rice, cement to stop accessing Forex from banks – CBN


By Daily Post Staff on June 25, 2015
The Central Bank of Nigeria (CBN) says importers of rice, cement and other products will no longer access Foreign Exchange from CBN, Banks and Bureau De change for such importation.The CBN Governor, Mr Godwin Emefiele, who disclosed this at a news conference on Wednesday in Abuja, said the measure would prevent further depletion of the country’s foreign reserve.He said the country was spending huge amount to import things that could be produced locally.Emefiele said the apex bank would not continue to support the importation of such items through the use of the hard earned foreign exchange.Some of the products include margarine, palm kernel, palm oil products, meat and processed meat products, vegetables, private airplanes and jets, Indian incense, tinned fish, galvanised steel sheet, roofing sheet and furniture.“Importers who may want to continue importing these goods would have to sort their foreign exchange from their own private sources.

“The CBN will continue to be vigilant around this policy, keep reviewing the list of items as it becomes comfortable that these items can be produced locally if we apply ourselves sufficiently.“This policy change is in line with the believe that Nigeria cannot attain its true potentials by simply importing everything into the country.“We have to decide what we really want for our country and I believe that the time is now for that deep and honest conversation,’’ he said.He said in spite of relative positive GDP growth over the past seven years, there was no corresponding reduction in unemployment and poverty.

He said bank’s analyses of the situation had compelled it to put to a stop forex access to some of these goods to encourage local production and consumption for economic development.He also said that the Federal Government was spending about N1.3 trillion on the average annually to import rice, fish, sugar and wheat.“Why should we continue importing rice into Nigeria when vast amount of paddy rice produced by local farmers across rice belts are being wasted and ignored.“What will it take for these importers to stop importation and go into processing this locally produced rice.“Why are they not utilising large expands of arable lands for cultivation instead of importing rice into the country,’’ he said.Emefiele said that Nigeria had been creating jobs for other countries, while importing rice into the country.

He said it was unfortunate that sardines, tooth picks, among others, were imported into the country.Emefele said the apex bank had no power to ban the importation of the items, but noted that it would work hard to ensure support for local production.He said local production would reduce poverty, unemployment and pressure on the reserve.“I believe that the current situation we found ourselves affords us a unique opportunity to embrace self sufficiency in Nigeria.“We should also reduce our appetite for everything and anything foreign, conserve reserve and create jobs at home for our people.“With full complement of the bank management, we would continue to look for areas which the bank can play a catalytic financial role to achieve the goal in the near future,’’ he said.On lifting of ban on importation of textiles and furniture by the Nigeria Customs, he said CBN would not provide foreign exchange for people that would want to import such products. (NAN)

http://dailypost.ng/2015/06/25/importers-of-rice-cement-to-stop-accessing-forex-from-banks-cbn/

Danger: Plastic Rice from China hits African Market

Jun 24, 2015
“Plastic rice made by mixing potatoes, sweet potatoes and Chinese polymer (plastic) is similar to natural rice and can hardly be differentiated by mere look”, reports Oryza.com, a leading hub for global rice news, research, and analysis.This type of plastic rice is said to be causing gastritis and other stomach related diseases and experts say it is becoming an alarming situation these days.The same biotechnology system is used in producing some brands of pasta and other “noodle-like” foods we crave for and the earlier this is checked, the better for humanity’s existence.

This type of rice, investigations have proven are sold in China, India, Nepal and Singapore. But fears are the “plastic product” is in Africa, the largest consumer of Chinese products.Consumers of the plastic rice in Kerala, Southern India stated that the plastic rice is undetectable because they are mixed with the normal farm rice from China. However, when cooked, it remains hard and forms a plastic sheath on the surface. This sheath, when burned with fire, burns exactly like plastic.Experts say there is no scientific rice testing method developed yet detect this artificial rice from the original farm one at the points of entry into countries except the “sheath burning method”. Scientists are therefore being called upon all over the world to help avert this cancerous agenda being embarked on by some industry players to cause disease and death on mass scale.

GHANA
Coming to Ghana, Spy News Agency is calling on the Food and Drugs Authority (FDA) to begin checking samples of rice on the market, especially those from China and also to educate importers on the dangers of importing unwholesome food substances into the country.

THE WAY FORWARD
Local rice production should be boosted by injecting capital into the sector. In extension, this should be done for the entire agricultural sector so as to make Ghanaians eat healthy and wholesome foods.

Source: Emmanuel Tsedey , Spy News Agency
http://www.spyghana.com/danger-plastic-rice-from-china-hits-african-market/

Transfer of 0.5 acre of land belonging to the Central Rice Research Institute, Cuttack to set-up a police station


Capital Market  
June 25, 2015 Last Updated at 10:35 IST

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, gave its approval for the proposal of the Indian Council of Agricultural Research to transfer 0.5 acre of land belonging to the Central Rice Research Institute (CRRI),Cuttack to the Police Department, Government of Odisha on lease basis for a period of 33 years for establishment of a police station at Cuttack.Background:

Description: riceA police outpost has been functioning inside the campus of the CRRI, Cuttack since 1982. The Government of Odisha has notified upgradation of this police outpost to that of a police station. The proposed land, after transfer, will be used for construction, establishment and operation of the police station. The new police station will be accessible from the Cuttack-Paradeep road. Establishment of this station at Cuttack, adjacent to the CRRI, would strengthen the security of the Institute and its employees; and would also be beneficial to the people living in the area.

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http://www.business-standard.com/article/news-cm/transfer-of-0-5-acre-of-land-belonging-to-the-central-rice-research-institute-cuttack-to-set-up-a-police-station-115062500309_1.html

Arsenic Shield for Rice


Microbe mobilizes 'iron shield' to block arsenic uptake in rice.
By Tracey Bryant 
Clumps of bacteria (soil microbe EA106) and iron plaque begin forming on the roots of a rice plant. This "iron shield" blunts the uptake of arsenic.

IMAGE BY VENKATACHALAM LAKSHMANAN AND DEEPAK SHANTHARAJ TAKEN WITH THE SCANNING ELECTRON MICROSCOPE (SEM), UD BIOIMAGING CENTER

Description: clumps of bacteria
University of Delawareresearchers have discovered a soil microbe that mobilizes an “iron shield” to block the uptake of toxic arsenic in rice. Arsenic occurs naturally in rocks and soils, air and water, plants and animals. It’s used in a variety of industrial products and practices, from wood preservatives, pesticides and fertilizers, to copper smelting.
 Chronic exposure to arsenic has been linked to cancer, heart disease and diabetes.The UD finding gives hope that a natural, low-cost solution — a probiotic for rice plants — may be in sight to protect this global food source from accumulating harmful levels of one of the deadliest poisons on the planet. Rice currently is a staple in the diet of more than half the world’s population. Harsh Bais, associate professor of plant and soil sciences, led the UD team that conducted the study, which is reported in the international journal Planta. The work was supported by the National Science Foundation. His co-authors include professors Angelia Seyfferth and Janine Sherrier and postdoctoral researchers Venkatachalam Lakshmanan, Gang Li and Deepak Shantharaj, all in the Department of Plant and Soil Sciences.

The soil microbe the team identified is named “EA106” for UD alumna Emily Alff, who isolated the strain when she was a graduate student in Bais’ lab. The microbe was found among the roots of a North American variety of rice grown commercially in California. It belongs to a group of gram-negative, rod-shaped bacteria called the Pantoea, which form yellowish mucus-like colonies. Because rice is grown underwater — often in water contaminated with arsenic in such hot spots as Bangladesh, India and China — it takes in 10 times more arsenic than do other cereal grains, such as wheat and oats. As rice plants absorb phosphate, a nutrient needed for growth, they also take up arsenic, which has a similar chemical structure.“This particular microbe, EA106, is good at mobilizing iron, which competes with the arsenic, effectively blocking arsenic’s pathway,” Bais explains.

“An iron plaque forms on the surface of the roots that does not allow arsenic to go up into the rice plant.” The researchers conducted the study with hundreds of rice plants — some grown in soil, others grown hydroponically — in UD’s Fischer Greenhouse. Inoculations with EA106 improved the uptake of iron at the plant roots, while reducing the accumulation of toxic arsenic in the plant shoots.While the results are promising, Bais says the next steps in the research will determine if a natural solution to this serious issue is at hand.  “We’re not all the way to the grain level yet. We are working on that now, to see if EA106 prevents arsenic accumulation in the grain.

That is the ultimate test,” Bais says.If the next phase of the research shows success, Bais says inexpensive technologies (think even a cement mixer) exist for coating rice seeds with beneficial bacteria. He also sees an added plus — fortifying rice plants with iron would not only reduce arsenic, but also increase the grain’s iron content as a nutritional benefit. “I grew up very near to a rice field in India, so I have a different interest in this problem,” Bais says. “Basically, these small farmers don’t have much to feed their families. They grow rice on small plots of land with soil and water contaminated with arsenic, a poison.

The work we are doing is important for them, and to the global security of rice.” In related research, Bais wants to assess the performance of plants inoculated with EA106 when they face multiple stresses, from both arsenic and from rice blast, a fungus that kills an estimated 30 percent of the world’s rice crop each year. Bais’ group previously isolated a natural bacterium from rice paddy soil that blunts the rice blast fungus. His group is evaluating how a natural alliance between benign microbes and rice can strengthen the plant’s disease resistance. Both plant threats face rice farmers near his parents’ home in India. Bais plans to start field tests there when he visits with family this summer. “The whole world is waking up to biologicals,” Bais says. “It’s an exciting time for researchers in this area.”

http://www.labmanager.com/news/2015/06/arsenic-shield-for-rice?fw1pk=2#.VY0fI_lViko
Trade Promotion Authority Bill Lands on Obama's Desk     
 Thumbs up on TPA
WASHINGTON, DC -- Yesterday, the U.S. Senate voted to approve a stand-alone version of Trade Promotion Authority (TPA) that was approved by the House last week.  The heavily Republican-favored bill passed with the help of 13 Democrats and is currently awaiting the President's signature to formally become law. The passage of the TPA legislation will allow the President to negotiate trade agreements and present them to Congress for strictly an up or down vote without the amendment process.  The Trans Pacific Partnership (TPP) is now ready to be formally negotiated before it's presented to Congress later this fall."Passage of TPA allows for potential new trade deals that expand overseas access for U.S. rice, hopefully growing our export market," said USA Rice President & CEO Betsy Ward. "Challenges remain, however, and the final push to complete the TPP negotiations is expected to begin shortly."

Contact:  Bob Cummings (703) 236-1473

Senate Hearing on Possible COOL Retaliation      
 WASHINGTON, DC -- This morning, the Senate Agriculture, Nutrition, and Forestry Committee held a hearing entitled "Country of Origin Labeling [COOL] and Trade Retaliation," to explore how the COOL rule effects U.S. producers, businesses, and consumers.In May, the World Trade Organization (WTO) determined that the COOL rule, which requires labeling of country of origin on muscle cuts of meat, violates international trade rules and has damaged Canada and Mexico's meat and livestock industries.  Earlier this month, Canada applied to the WTO to enforce retaliation against the U.S. by imposing a tariff on U.S. goods, to the tune of over $2 billion.  A list of goods Canada plans to retaliate against includes rice, and Mexico is said to be considering a similar list when they apply to retaliate.

On June 10, the House passed a bipartisan bill to repeal the violating portions of COOL, and today's hearing, initiated by Chairman Pat Roberts (R-KS), addressed the impact of these retaliation measures, and encouraged the Senate to act.Roberts kicked off the hearing with a blunt assessment of the situation, saying:  "The fact is, retaliation is coming, and we have to face it... the Senate must act prior to the WTO's ruling on retaliation."Changing mandatory labeling to a voluntary measure was supported by the U.S. Cattlemen's Association and a few Committee members, though a majority of the witnesses were focused on avoiding retaliation as opposed to commenting on the rule itself or proposing a new policy.
 As a member of the COOL Reform Coalition, USA Rice shares this position, and encourages the Senate to pass a bill to prevent the $3 billion retaliation that Mexico and Canada could enforce in tariffs against U.S goods."The U.S. has run out of appeals at the WTO," said USA Rice President & CEO Betsy Ward.  "It's time to bring COOL into compliance with our WTO obligations and lift the threat of retaliation from the heads of rice farmers and exporters."
 Contact:  Kristen Dayton (703) 236-1464
CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for June 25
Month
Price
Net Change

July 2015
$10.045
- $0.080
September 2015
$10.325
- $0.075
November 2015
$10.595
- $0.080
January 2016
$10.860
- $0.075
March 2016
$11.065
- $0.075
May 2016
$11.065
- $0.075
July 2016
$11.065
- $0.075


Weekly Rice Sales, Exports Reported       
WASHINGTON, DC -- Net rice sales of 131,300 MT for 2014/2015 were up noticeably from the previous week and from the prior four-week average, according to today's Export Sales Highlights report. Increases were reported for unknown destinations (64,300 MT), Haiti (20,300 MT), Mexico (17,500 MT), Saudi Arabia (8,500 MT), and Jordan (6,000 MT). Net sales of 3,000 MT for 2015/2016 were reported for unknown destinations. Exports of 68,100 MT were up 27 percent from the previous week, but down 2 percent from the prior four-week average. The primary destinations were Japan (12,000 MT), Mexico (11,300 MT), Haiti (10,300 MT), Panama (10,200 MT), and Colombia (10,000 MT).This summary is based on reports from exporters from the period June 12-18, 2015.

Ministry to auction 1.4m tonnes of rice in July

25 Jun 2015 at 14:36 866 viewed0 comments

Workers check on the rice stocks kept at a warehouse in Pathum Thani. (Bangkok Post photo)
Description: Description: C:\Users\RPM\Downloads\Ministry to auction 1.4m tonnes of rice in July _ Bangkok Post_ business_files\c1_604048_620x413.jpg

The Commerce Ministry plans to auction another 1.4 million tonnes of rice on July 7, the Foreign Trade Department said on Thursday.Director-general Duangporn Rodphaya said the fourth auction this year will offer 1.395 million tonnes of both fragrant and white rice in different grades. It had been kept in warehouses under the Public Warehouse Organisation and the Market Organisation for Farmers.The department will explain auction criteria to potential bidders on Friday and begin accepting bidder applications July 6.Qualified bidders will be announced and bidding prices to be submitted on July 7.The ministry has sold 2.94 million tonnes of rice since last year's coup for 30.2 billion baht.Since Gen Prayut Chan-o-cha took over, the Commerce Ministry has held seven auction to speed the disposal of 18 million tonnes of state rice stocks accumulated under the previous government's rice-pledging programme.          Bangkok Post

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