Friday, October 02, 2015

2nd October,2015 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

Cambodia Rice Exports Declined in September 2015 Due to High Prices, Say Exporters

Oct 02, 2015

Cambodia's rice exports declined to around 26,969 tons of milled rice during the month, down about 10% from around 29,819 tons in August 2015; and about 24% from around 35,511 tons exported in September 2014. The fall in exports is mainly due to high prices of Cambodian rice compared to the prices of Thai and Myanmar rice, say exporters.
One of the leading exporters told reporters that lower supplies due to below-average rains in the beginning of this year also led to increase in both domestic and international prices. He also noted that while Cambodia's jasmine rice exports increased to around $880 per ton from around $750 per ton in the beginning of this year, export prices of Thai jasmine rice declined to around $810 per ton from over $900 per ton during the same period. However, exporters are expecting exports to increase in the remaining three months of this year if rains continue and supplies increase.
The Acting Secretary-General of the Cambodia Rice Federation (CRF) told reporters that the Agriculture Ministry is expecting the country's paddy output at around 9 million tons.
Cambodia has exported around 369,105 tons of milled rice in the first nine months of 2015, up about 37% from around 269,370 tons exported during the same period last year. The government of Cambodia aimed to increase rice exports to one million tons (including official and unofficial exports to Thailand and Vietnam) in 2015 but noted that it is unlikely to achieve the target due to inadequate milling facilities and infrastructure as well as lack of access to funding.
USDA estimates Cambodia to export 1.1 million tons of rice (including official and unofficial exports to Vietnam and Thailand through borders) in 2015, up about 10% from an estimated 1 million tons in 2014.

India 2015-16 Main Paddy Rice Slightly Ahead of Last Year Despite Poor Monsoons

Oct 01, 2015
Total area planting to India's 2015-16 Kharif (main) rice crop (June - December) is continuing to be ahead of the last year despite weaker monsoon rains in the second half of the monsoon season (August-September). Total rice planted area stood at around 37.59 million hectares as of October 1, 2015, slightly up from around 37.52 million hectares planted during the same time last year, according to a press release by the Agriculture Ministry.
India received 14% below-average rainfall as of September 30, according to the Indian Meteorological Department (IMD). The North-west, Central, Southern and North-East regions received 14%, 17%, 15% and 8% below-average rains respectively. The IMD has been expecting most parts of the country to receive normal to above normal rains between September 19 to October 3, 2016.
A likely drought-inducing El Nino this year is expected to lower production prospects in India this year. Extending drought conditions are already dampening production prospects in Thailand, Indonesia and the Philippines. Rice prices in Asia are expected to surge due to expected lower supplies.
The government of India forecasts 2015-16 kharif (June - December) rice production at around 90.6 million tons, slightly down from around 90.86 million tons in 2014-15.
The total Kharif crop sown area stands at 103.14 million hectares as on October 1, 2015, slightly up from around 101.79 million hectares during the same period last year, according to the Agriculture Ministry.




Paddy Procurement for KMS 2015-16 Begins in Indian State Punjab
Oct 02, 2015

Government agencies have begun paddy procurement for the 2015-16 Kharif marketing season (KMS) in the Indian state Punjab, according to local sources.
The Reserve Bank of India (RBI) has reportedly released Rs.18,972 crore (around $2.89 billion) for the purpose. The state's Food and Civil Supplies Minister noted that the government is taking all possible efforts to ensure hassle-free procurement and timely payments to farmers.
The Central government has directed the Punjab government to procure basmati 1509 variety and the coarse variety at R.1,450 per quintal (around $221 per ton).

Basmati 1509 variety, which received around Rs.4,000 per quintal (around $609 per ton) last year is currently being sold at around Rs. 1,200-1,300 per quintal (around $183-$198 per ton) due to low export demand. Exporters are complaining that demand for the variety is low due to higher breakage content in the seeds.

The Punjab state government also re-imposed total taxes of 7% on the procurement of basmati paddy for private millers and traders to avoid price manipulations. Punjab is one of the major rice-growing states in India and accounts for about 11% of the country's total rice production.
The government of India is planning to procure around 30 million tons of rice in the KMS 2015-16.

Oryza U.S. Rough Rice Recap - Quiet Market as Buyers are Reluctant to Pay Higher Prices

Oct 02, 2015

The U.S. cash market was unchanged today with limited trading to report as most buyers have not been keen to pay the prices farmers have been asking for. Analysts note that the market will remain quiet until more demand shows up and convinces buyers that prices are going higher or until farmers need to raise cash and are forced to sell.
In the meantime, the USDA reported that cumulative net export sales for the week that ended on September 25th, totaled 70,500 tons, an increase of 19% from the previous week and 5% higher than the prior 4-week average.
Increases were reported for the following destinations including: 24,100 tons to Japan, 23,200 ton to Mexico, 11,500 tons to the Haiti, 5,900 tons to unknown destinations, and 2,100 tons to Canada while decreased of 400 tons were reported for Taiwan.
U.S. rice exporters shipped 42,200 tons, a decrease of 55% from the previous week and 60% lower than the prior 4-week average. Increases were reported for the following destinations including: 15,200 tons to Haiti, 12,000 tons to Japan, 3,100 tons to Mexico, 2,900 tons to South Korea, and 2,400 tons to Canada.

Oryza Afternoon Recap - Chicago Rough Rice Futures Rebound, Supported by Firmer Wheat and Corn; Soy Falls as Traders Digest Yesterday's Grain Stocks Report

Oct 02, 2015

Chicago rough rice futures for Nov delivery settled 10 cents per cwt (about $2 per ton) higher at $13.300 per cwt (about $293 per ton). The other grains finished the day with mixed results; Soybeans closed about 1.7% lower at $8.7725 per bushel; wheat finished about 1.1% higher at $5.1825 per bushel, and corn finished the day about 0.3% higher at $3.8875 per bushel.
U.S. stocks traded mostly lower Thursday, the first day of trade for the fourth quarter, as investors weighed declines in Apple and biotech stocks amid key domestic economic reports. The major averages turned lower after a positive open on the back of slight gains in the futures market. The monthly nonfarm payrolls report is due Friday at 8:30 a.m., ET. The key economic report of the day, the September ISM manufacturing index, fell to the lowest level since May 2013 at 50.2, a decline from August's 51.1 print. Other economic reports out Thursday continued to show strength in the housing and auto sectors. August construction spending rose to its highest level since 2008, driven by residential projects. Initial jobless claims showed a slight increase to 277,000. The September U.S. Markit manufacturing PMI came in at 53.1.
In Europe, the pan-European Stoxx 600 index turned lower despite rallies in Asia and Wall Street overnight. In Asia, Japan's Nikkei finished 1.92% higher. Chinese stock markets in both the mainland and Hong Kong were closed for the National Day Holiday. On Wednesday, the Shanghai Composite index closed up 0.50%.In midday trade, the Dow Jones Industrial Average declined 189 points, or 1.16%, at 16,095. The S&P 500 fell 16.6 points, or 0.87%, at 1,903, with utilities leading all 10 sectors lower. The Nasdaq declined 52 points, or 1.14%, at 4,567. Gold is trading about 0.2% lower, crude oil is seen trading about 0.2% lower, and the U.S. dollar is seen trading about 0.2% lower about  1:00pm Chicago time.
Wednesday, there were 2,174 contracts traded, up from 1,020 contracts traded on Tuesday. Open interest – the number of contracts outstanding – on Wednesday decreased by 78 contracts to 11,512.
Global Rice Quotes

October 2nd, 2015

Long grain white rice - high quality
Thailand 100% B grade       365-375         ↔
Vietnam 5% broken 335-345         ↔
India 5% broken       355-355         ↔
Pakistan 5% broken             310-320         ↔
Myanmar 5% broken           410-420         ↔
Cambodia 5% broken           415-425         ↔
U.S. 4% broken          530-540         ↔
Uruguay 5% broken             535-545         ↔
Argentina 5% broken           530-540         ↔

Long grain white rice - low quality
Thailand 25% broken          330-340         ↔
Vietnam 25% broken           320-330         ↔
Pakistan 25% broken           285-295         ↔
Cambodia 25% broken        400-410         ↔
India 25% broken     315-325         ↔
U.S. 15% broken        500-510         ↔

Long grain parboiled rice
Thailand parboiled 100% stxd        355-365         ↔
Pakistan parboiled 5% broken stxd           415-425         ↔
India parboiled 5% broken stxd     340-350         ↔
U.S. parboiled 4% broken    570-580         ↔
Brazil parboiled 5% broken            545-555         ↔
Uruguay parboiled 5% broken       NQ       ↔

Long grain fragrant rice
Thailand Hommali 92%       800-810         ↓
Vietnam Jasmine       470-480         ↔
India basmati 2% broken     NQ       ↔
Pakistan basmati 2% broken           NQ       ↔
Cambodia Phka Mails           830-840         ↔
Brokens
Thailand A1 Super    305-315         ↔
Vietnam 100% broken         305-315         ↔
Pakistan 100% broken stxd             275-285         ↔
Cambodia A1 Super 355-365         ↔
India 100% broken stxd      300-310         ↔
Egypt medium grain brokens          NQ       ↔
U.S. pet food   330-340         ↔
Brazil half grain         NQ       ↔
All prices USD per ton, FOB vessel, oryza.com


Thailand Rice Sellers Lower Some of Their Quotes Today; Other Asian Quotes Unchanged


Oct 02, 2015

Thailand rice sellers lowered their quotes for Hom Mali rice variety by about $5 per ton to around $800-$810 per ton; and lowerd their quotes for glutinous rice variety by about $10 per ton to around $665-$675 per ton today. Other Asian rice sellers kept their quotes unchanged.
5% Broken Rice
Thailand 5% rice is indicated at around $355 - $365 per ton about $20 per ton premium on Vietnam 5% rice shown at around $335 - $345 per ton. India 5% rice is indicated at around $355 - $365 per ton, about $45 per ton premium on Pakistan 5% rice shown at around $310 - $320 per ton.
25% Broken Rice
Thailand 25% rice shown at around $330 - $340 per ton, about $10 per ton premium on Vietnam 25% rice shown at around $320- $330 per ton. India 25% rice is indicated at around $315 - $325 per ton, about $30 per ton premium on Pakistan 25% rice shown at around $285 - $295 per ton.
Parboiled Rice
Thailand parboiled rice is indicated at around $355 - $365 per ton. India parboiled rice is indicated at around $340- $350 per ton, about $75 per ton discount to Pakistan parboiled rice was last shown at around $415 - $425 per ton.                            
100% Broken Rice
Thailand broken rice, A1 Super, indicated at around $305 - $315 per ton, at par with Vietnam 100% broken rice shown at around $305 - $315 per ton. India's 100% broken rice is shown at around $300 - $310 per ton, about $25 per ton premium on Pakistan broken sortexed rice shown at around $275 - $285 per ton.

Thai Rice Farmers Advised to Avoid Dry-Season Rice Planting Due to Water Shortages

Oct 02, 2015
Officials from the Agriculture and Cooperatives Ministry advised rice farmers in the Chao Phraya and Mae Klong River Basins to avoid planting for the dry-season rice as water levels in the major dams in the two basins are at critical levels, according to local sources.
The Ministry's Permanent Secretary told local sources that water levels in the four dams -  Bhumibol, Sirikit, Kwai Noi and Pasak Jolasid  - in the Chao Phraya River Basin had only 3,006 million cubic metres as on October 1, 2015. He urged farmers not to plant the dry-season rice crop and warned that the crops would fail due to water shortages. He added that water in the four dams would be sufficient for domestic consumption.
On the other hand, the water level in the Srinagarindra Dam and the Vajiralongkorn Dam in the Mae Klong River Basin was only 2,294 million cubic metres and 2,274 million cubic metres respectively. 
Agriculture Ministry officials are urging farmers in the seven provinces in the basin to use water wisely and encouraging them to cultivate crops that require less water. 
However, farmers in the Chao Phraya river basin are understood to have already planted dry-season rice crop in around 500,000 rai (around 80,000 hectares) of the total 10.7 million rai (around 1.71 million hectares) of paddy acreage in the region.


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Thursday, October 01, 2015

30th September,2015 Daily global Rice E-Newsletter by Riceplus Magazine

Rice News Headlines...

1.      How smugglers hamper rice policy, frustrate investor
2.      Asia Rice-Prices gain in Vietnam, Thailand following supply deal
3.      Cambodian Rice Millers Begin Cracking US Market
4.      Japan mulls extra proposal for U.S. rice imports to help clinch TPP
5.      China sets 2016 wheat, corn, rice and cotton import quotas -NDRC
6.      The Origins Of Black Rice Plant biologists have solved the ancient mystery of the origins and spread of black rice
7.      More rice imports next year as El Niño lingers
8.      DA-12 looking at alternative palay areas in preparation to El Niño
9.      Big data on 3,000 rice genomes made available on cloud
10.  Odisha to procure 30 lakh tonnes paddy this year
11.  Arkansas Farm Bureau Daily Commodity Report
12.  Warshaw Testifies on Importance of In-Kind Contributions in Food Aid Programs   
13.  LUIS ESPINO: ARMYWORMS INVADE RICE
14.  Jeremy Zwinger to discuss rice outlook for U of A webinar
15.  Study concludes added enzyme makes phosphorus in rice co-products more digestible for pigs
16.  Abraham Recognizes Rice in House Floor Speech      
17.  CCC Announces Prevailing World Market Prices
18.  CME Group/Closing Rough Rice Futures  
19.  No ban on export of basmati rice: Government

 

News Detail...

 

How smugglers hamper rice policy, frustrate investor

 

Posted By: Chikodi Okereochaon: September 30, 2015


Apparently to halt the yearly loss of N360 billion to rice importation, the Federal Government came up with a policy aimed at achieving self-sufficiency in local production in 2013. It has a plan to ban rice importation by the end of this year. But, the policy is threatened by  smuggling, which has also put investors in the rice value chain under intense pressure. The investors fear their multi-billion naira investment might go down the drain, unless measures are taken now to stem smuggling, writes Assistant Editor CHIKODI OKEREOCHA.  

Three years ago, the Federal Government launched a new rice policy and set a 2015 target for the realisation of self-sufficiency in rice production. The policy, initiated by the immediate past administration of President Goodluck Jonathan, is part of the Backward Integration Policy (BIP) and economic diversification agenda, which President Muhammadu Buhari has promised retain and pursue.

The objective is to cut down on  daily rice import bill, estimated at N1 billion, encourage local production of rice and offer investors in the rice sub-sector incentives to invest.It (policy) is directed at saving the country the embarrassing paradox of a nation that boasts of more than 60 per cent arable land and manpower to support local rice production, but spends N360 billion to import rice.“Our target is that we should produce enough rice locally to feed our people and ultimately become a net exporter of rice,” President, African Development Bank (AfDB), Dr. Akinwumi Adesina said at the launch of the policy during his tenure as the  Minister of Agriculture & Rural Development.
Expectedly, many investors bought into the policy in the rice sub-sector and encouraged by a combination of patriotism and anticipation of a highly rewarding investment, investors across the entire rice value chain including farmers, processors/millers, importers, and marketers embraced the policy.Apart from Pearl Universal Impex, which was importing 350,000 metric tonnes of rice annually, but decided to invest in local production to aid the government’s self-sufficiency target in rice production, Dangote Industries Limited (DIL) has also thrown its hat into the rice production ring.
DIL President Alhaji Aliko Dangote, recently announced in Abuja, the investment of $1 billion (about N165 billion) on rice production and processing in five states of Edo, Jigawa, Kebbi, Kwara and Niger.The Nation learnt that DIL has  acquired 150,000 hectares of land in those states for the project, which when developed, will be the largest single investment in rice production in Africa.The project, seen as a shot in the arm of government’s on-going reforms of the Agricultural Transformation Agenda (ATA), which was launched in 2011, followed the signing of a Memorandum of Understanding (MoU) between DIL and the Federal Ministry of Agriculture and Rural Development.
According to the MoU, the indigenous multinational will establish two state-of-the-art mills with a capacity to process 120,000 metric tons of paddy each, bringing the combined capacity to 240,000 metric tons, with plans to double the capacity in two years. The rice plant is estimated to produce 960,000 metric tons of milled rice, representing 46 per cent of imported rice.Olam Nigeria Limited, another major investor, has unveiled plans to increase its stake in the rice industry. Specifically, the company, according to its General Manager, Mr. Reji George, will begin the processing of  200,000 metric tonnes of paddy rice in Doma Local Government Area of  Nassarawa State this year. He said his firm’s integration plan will aid local rice production and job creation.
The plan came on the heels of the introduction of the company’s locally-produced rice to the Nigerian market in Lagos. Olam’s Business Head for Rice, Anil Nair, explained that the company is into commercial rice production with 6, 000 hectares in two cities. The 12,000 hectares would definitely assist in bridging the demand and supply gap.According to him, Olam’s involvement in local rice production  will assist Nigeria in becoming self-sufficient in rice production.

Spanner in the works
However, palpable fear and apprehension has gripped investors over the fate of their investments following the rising wave of rice smuggling into the country.The latest figures made available by the Patriotic Rice Association of Nigeria (PRAN), show that 80,000 metric tonnes of rice are smuggled into the country through the porous land borders with Benin Republic every month, with the revenue loss hitting N10 billion.In the conservative estimate given by the Nigerian Customs Service (NCS), the economy lost over N27 billion to rice smuggling through the land border with Benin Republic in the last four months.
According to reliable sources, thousands of metric tonnes of rice from India, Thailand, Singapore and other Asian countries berth at the ports of Benin Republic and Cameroun for onward dumping in the country.The President, Rice Millers Importers and Distributors Association of Nigeria (RiMIDAN) and Chairman, Rice Investors Group, Mr. Tunji Owoeye, echoed the frustrations of investors when,  at a meeting with the Presidential Committee on Trade Malpractice in Abuja,  he lamented that while the local rice producers are working hard to aid government’s self-sufficiency plan, some importers are taking advantage of the free trade zones to import rice and deny the country of much needed revenue.Owoeye alleged that neighbouring countries are taking advantage of the disconnect in the rice policy to exploit Nigeria.


“They ship in quite a large number of parboiled rice into Benin Republic and Cameroun, but we know that the rice is destined for Nigerian markets and government has taken note of that,” Owoeye told the Committee, claiming that the country loses $1 billion daily on rice smuggling.

Why smugglers hold the ace
Apparently to achieve self-sufficiency in local production, the Federal Government increased the tax on imported rice from 50 to 110 per cent in January 2013. That was a 60 per cent increase. The tax was to encourage locally produced and processed rice and significantly trim down import, that has been gulping N360 billion annually in foreign exchange before a total ban this year.
However, government’s solution in form of a higher tariff regime on importation became the problem. The tariff imposed on the commodity and the consequent higher market prices opened the floodgate for smugglers to push large volumes of rice into the local market with zero duty, a development that is now making the self-sufficiency target in rice production to hang in the balance. Also at stake are the multi-billion investments of by private investors in local production.
Some industry operators told The Nation that as soon as Nigeria announced the tariff hike, some
neighbouring countries such as Benin, Niger, Cameroon, Chad and Gabon, among others, pulled a fast one by quickly lowering their own tariffs on rice. The duty differentials between Nigeria and itsWest African neigbours encouraged smuggling from all parts of the globe.For instance, in response to Nigeria’s 110 per cent tariff on imported rice, the Republic of Benin and Cameroun are said to have crashed their import duty on rice to as low as 30 per cent. Some unscrupulous Nigerian businessmen also relocated their businesses to Benin and Cameroon, a development that is further fuelling smuggling.
Benin and Cameroon have become the destinations of choice for rice imports meant en route the Nigerian market. For these neighbouring countries, Nigeria’s large market size of 170 million people and over 300 entry points are too tempting to ignore. Through such illegal entry points, shipments diverted to neighboring countries by major rice exporters from South and Southeast Asia found their way into the country.The illegal routes are located in Lagos, Ogun, Oyo, Kwara, Cross River, Rivers, Taraba, Borno, Adamawa, Kastina, Sokoto and Zamfara states.With the influx of cheaper rice through these routes, local rice producers and processors have been losing sleeps because they cannot compete with the prices of smuggled rice.
Globally, Nigeria ranks next to China in rice importation, consuming between 5.5 million metric tonnes and six million metric tonnes of rice yearly at an estimated value of N360 billion, according to Dr. Olusegun Aganga, the former Minister of Industry, Trade & Investment.While 1.8 million metric tonnes are produced locally, the country imports 3.7 million metric tonnes annually. More than 50 per cent of this 3.7 million metric tonnes that find their way into the country are said to be smuggled in through the land borders and other unapproved routes.
Presently, local rice production accounts for less than 50 per cent of the country’s total consumption, leaving a huge demand gap for polished/milled rice imported from India, Thailand and Brazil.The Chairman of Seaport Terminal Operators Association of Nigeria (STOAN), Vicky Haastrup, puts the local production capacity at 30 per cent.
“It is a fact that local production cannot match local demand, which creates a recipe for smuggling,” she said.According to her, “our neighbouring countries are profiting from the policy by dropping their own tariffs on rice, and because they are benefitting, they give tacit support to these smugglers.”She said that rather than encourage local production, the 110 per cent policy will stifle it because of the high smuggling rate.To Haastrup and other stakeholders, the nation’s chances of achieving the rice self-sufficiency target by this year will continue to getting slimmer unless government stems cross-border smuggling.
The country is already in the last quarter of the year and the anti-smuggling campaign has not gathered enough steam for the realisation of the target.Beyond cross-border smuggling, which has been a pain in investors’s neck, the consumption preference of Nigerians for imported rice to the detriment of locally-produced rice has not helped matters.The market boasts of high-quality and well-packaged Nigerian rice such as Quarra Rice, Umza Rice, Ebony Super Rice, Eko Rice, Mikap Rice, Ashi Rice, Queen of the Niger, Ofada Rice, Abakaliki Rice and Mama’s Pride, among others, which are more nutritious than foreign brands. But, partly because of their penchant for foreign-made products, and partly because of the price difference between the local and foreign brands, many Nigerians still prefer imported rice.
However, rice investors insist that they have the capacity to meet local demand for rice if the right policy and investment climate are put in place to de-emphasize massive importation of the commodity, which in turn breeds smuggling. The investors are therefore of the view that government should assist rice farmers to boost the rice value chain by helping them secure arable land for rice cultivation and providing other inputs such as pesticides, fertilisers, and high-yielding, disease-resistant varieties, among others.“We, as Nigerian investors have made sacrifices by paying higher duties for the importation of rice through the official channels, while some of our members have begun the backward integration process for rice value-chain. We cannot allow smugglers to keep destroying these investments,” said Bunmi Owolabi, a local rice farmer in Kogi State.
Economy, investors hurting

The Chairman of PRAN, an association of local growers and legal importers of rice, Alhaji Habilu Maishinkafa, is livid. He said a bleak future is steering investors in the face because of the upsurge in the activities of rice smugglers.He lamented that the rate of smuggling of the commodity remains quite high, with concomitant effects of loss of investment, market share, job losses, revenue and increase in youth unemployment. The PRAN chair said large scale investments in farming and milling industries by private businesses are being jeopardised by the free reign of rice smugglers.

Explaining the process of rice production, experts say the farmers must plant rice and produce paddy (raw) rice, sell the paddy rice to the processors, who turn the rice into finished products.
They lamented that the processors no longer buy paddy from the farmers in sufficient quantities because the price is not attractive for business.Noting, for instance, that local rice farms and milling plants have been unable to impact on host communities as they are supposed to following the ugly development, Maishinkafa expressed fears that the rice policy is gradually being eroded in view of the unrestrained activities of economic saboteurs, illegal importers and smugglers. He appealed to the Federal Government to tighten the porous borders.
Against the backdrop of the Buhari administration’s avowed commitment to boost the nation’s agricultural sector, PRAN appealed to the government to help its members contribute to the realisation of the dream of self-sufficiency in rice, stating that it was ready to partner with the administration to realise the dream.The rice dealers added that there is the need to sustain the synergy earlier formed between the Federal Government and the organisation to achieve the production and supply value chain on rice.According to them, the new rice policy of backward integration was a step in the right direction, which should not be reversed by the current administration, the group observed that for the first time, the government was making conscientious efforts to jump-start local production and shield investors from the onslaught of international importers and daring smugglers.

Asia Rice-Prices gain in Vietnam, Thailand following supply deal

  on Sep 30, 2015 

We, as Nigerian investors have made sacrifices by paying higher duties for
Rice farmer Boonhome Suaydee, 57, gestures in Khon Kaen, Thailand, on Sept. 14. REUTERS/Jorge Silva

HANOI - Rice export prices in Vietnam and Thailand went up this week following a supply deal both signed with the Philippines even though markets were relatively quiet, traders said on Wednesday.Vietnam and Thailand won a tender at mid-month to supply 750,000 tons of 25 percent broken rice to the Philippines at $426.60 a tons between November and March 2016.Also, Indonesia plans to import up to 1.5 million tons of rice from Thailand and Vietnam next month."The news from the Philippines and Indonesia has boosted prices," said a trader at a rice exporting firm in Ho Chi Minh City.

"However, the market is relatively quiet these days as China, one of the main Vietnamese rice importers, will temporarily stop trading to celebrate its National Day."Vietnam's 5 percent broken rice rose to $340-$345 a ton on a free-on-board (FOB) basis, from $330-$340 a ton a week earlier. The 25 percent broken variety rose to $325-$340 a ton, from $320-$330 a week ago.China has also been buying more Vietnamese rice this month after its August imports hit a five-month low, boosting Vietnam's export prices for the grain and narrowing the spread between high and low quality varieties.Still, with China's week-long national holiday starting on Thursday, those purchases are set to slow.
Vietnam's rice exports in the January-September period would drop 10 percent from a year ago to an estimated 4.48 million ton, bringing the nine-month revenue down 15.7 percent, the Agriculture Ministry said last week.In Thailand, the world's second-biggest rice exporter after India, the market was relatively quiet in thin trade as well."We shipped about 10 containers last week but we haven't been shipping at all this week," said a rice trader in Bangkok.Thai 5 percent broken grain <RI-THBKN5-P1> edged up to $342-$352 per ton, from $340-$348 a week earlier, FOB Bangkok."Prices slightly rose, but I think it's mainly because it's been a while since it has increased," the trader said. 


http://www.agweek.com/news/nation-and-world/3850438-asia-rice-prices-gain-vietnam-thailand-following-supply-deal

Few takers for PB-1509 paddy in mandis

 30 2015 12:38AM

Sushil Manav
Tribune News Service
Sirsa, September 29

Facing financial losses due to inclement weather, poor crops and pest infestations for the past two crops, farmers in the state are in for another jolt as there are no buyers of PB 1509 basmati variety in the grain markets.Once hailed as a profitable alternative to other varieties due to its high yield and shorter duration, PB 1509 that fetched farmers a price of Rs 4000 per quintal in 2013, sold for nearly Rs 2500 per quintal last year has is now selling for only Rs 1250 now. .Even the state government’s announcement to purchase if for a MSP of Rs 1450 per quintal has not worked because millers, who are otherwise on warpath with the government for their demands, are not ready to mill this variety due to high percentage of broken grains after milling.
“Despite the government’s orders not a single grain is being purchased in the grain markets,” said Surinder Minchnabadi, president of Sirsa Grain Market Traders’ Association.“This variety is used for mixing in other varieties. Since existing stocks were sufficient to meet the industry needs, there were hardly any buyers, he added. Gurjeet Singh Mann, a progressive farmer from Kirpal Patti village, who has grown PB 1509, said the crop coming to the market these days are of early varieties, which, he said, were of an inferior quality.
Agriculture scientists had been advising farmers repeatedly to transplant PB 1509 varieties only after July 15 because the rice grains that mature during the hot weather are of inferior quality, lose aroma and develop a tendency to break during milling.“Though the prices will always be driven by market forces, the PB 1509 varieties which are arrive by the end of October will of a better quality,” he added.Diwan Chand Sharma, DFSC, said once the impasse between the government and the rice millers ends, government agencies would start purchasing it on MSP.

http://www.tribuneindia.com/news/haryana/few-takers-for-pb-1509-paddy-in-mandis/139413.html


Cambodian Rice Millers Begin Cracking US Market

Khmer Times/May Kunmakara

Wednesday, 30 September 2015

PHNOM PENH (Khmer Times) – Domestic rice millers are preparing to compete against their Thai rivals for a share of the US market as the European Union market becomes increasingly competitive, they say.The move, which will see the Kingdom’s premium rice competing with Thai jasmine rice, which dominates rice imports by the US, is part of an overall strategy to diversify export markets, rice exporters say.

Song Saran, president of Amru Rice (Cambodia), a leading milled rice exporter, told Khmer Times that exports to the EU and other markets were not increasing fast enough due to intense competition and the fact that these markets are not growing.“The EU market has already reached its peak and there is little room to expand there. But we see plenty of room for growth in the US market. We need to increase our competitiveness to expand fast,” Mr. Saran said. Mr. Saran said Amru will export 1,000 tons of rice to the US this year and plans to double this amount next year. Although the US places no import tax on Cambodian rice, its price is similar to that of Thai jasmine rice due to the lack of competitiveness in the value chain here. “We have to compete on brand, price and quality,” he said. Thailand has been exporting rice to the US for more than 25 years and has established a strong brand there, he added. 

Khan Khunthy, CEO of BriCo – a domestic rice miller that exports fragrant and jasmine rice to the EU and US – is also planning to expand exports to the US. BriCo began exporting to the US about one year ago, he said.Mr. Khunthy said his company has exported about 6,000 tons of rice in the first nine months of this year to the EU and the US. The amount is three times what it exported in the same period last year, he added.  “My company has been in the [US] market for nearly a year. The market is really big, but Thai rice dominates the market,” he said. “If you talk about jasmine everyone there knows Thai rice because they have been marketing and branding it for nearly 20 years.”  

Mr. Khunthy also noted that Thailand’s government has had a budget for marketing its rice globally, but Cambodia does not. “The US market has great potential and is huge, but to get a share of this premium market requires us to have clear branding and marketing,” he added. Economist Srey Chanthy agreed that domestic rice millers will face immense challenges competing with Thai rice in the US market. It is “very difficult to compete with Thailand,” he said. “Maybe Cambodian [exporters] should capture a niche market, like organic rice, or conduct aggressive marketing campaigns and target Cambodian communities as a start,” he said. 
Cambodia’s Jasmine rice has been named “The World’s Best Rice” for three years in a row, since 2013, but Mr. Khunthy said this has not appeared to benefit domestic exporters. “We don’t have any branding yet,” he said. “We were named ‘World's Best Rice’ for three straight years. We should do branding based on that, but we don’t have a national strategy to do this,” he said. “We [companies] do a lot of branding, but it is not synchronized. We need better [industry] leadership.” 

Over the first nine months of the year Brico exported about 500 tons of rice to the US and will export another 500 tons by the end of this year, said Mr. Khunthy.Data from the Agriculture Ministry shows Cambodia exported 342,136 tons of milled rice over the first eight months of this year, up 40 per cent over the same period last year. The export price of Cambodian rice is estimated to be about $800 a ton. About 70 per cent of the total went to the EU. Just 1,197 tons were exported to the US. Cambodia’s share of the global rice export market was just 1.1 percent last year, compared to 22 percent for Thailand, according to export tracking website World’s Top Exports. Although Cambodia’s exports were small, they rose at the fastest pace of any exporter last year, the website said.


Japan mulls extra proposal for U.S. rice imports to help clinch TPP

ATLANTA —
Japan is considering making an additional proposal for U.S. rice imports in pursuit of reaching a Pacific free trade agreement that would create one of the world’s biggest free trade zones, a source close to the matter says.With talks ongoing since Saturday between chief negotiators from the United States, Japan and 10 other countries involved in the Trans-Pacific Partnership deal in Atlanta, the two countries appear to remain at odds over rice, Japan’s heavily protected staple food.Japan has already proposed to newly set a 70,000-ton tariff-free annual import quota for U.S. rice under the trade pact talks, but that is still far short of the 175,000 tons demanded by the United States.
Tokyo is now looking at an additional proposal of allocating 50,000 tons within an existing 770,000-ton quota for rice imports set under an earlier multilateral trade agreement to medium-grain rice, which is mainly grown by American farmers, the source said.Japan currently imposes 778 percent tariffs on rice to protect local farmers. But following the Uruguay Round of global trade talks under the General Agreement on Tariffs and Trade framework through 1994, it set up a 770,000-ton tariff-free “minimum access” rice import quota. U.S. rice accounted for some 360,000 tons of the 770,000 tons in fiscal 2014.U.S. farmers are likely to make up most of the 50,000 tons that would be allotted to medium-grain rice, which would boost American rice imports while squeezing allocations for other countries such as Thailand, China and Australia.

The suggestion came under consideration as the Japanese minister in charge of TPP negotiations prepares to attend ministerial talks from Wednesday in Atlanta.Economic and Fiscal Policy Minister Akira Amari, who is in charge of the TPP talks for Japan, told reporters ahead of his departure from Narita airport that an agreement has to be reached at the meeting to keep negotiations from further dragging on.He reiterated that a final agreement could be put off for years if the talks are not concluded this time.Some countries see a need for striking a deal ahead of the general election in Canada next month and before the national focus in the United States shifts later this year to the 2016 presidential election.

Such political events will make it hard for politicians in those countries to concentrate on TPP issues, political analysts said.Major sticking issues such as intellectual property protection, market access and automotive trade blocked ministers from wrapping up negotiations in the previous round in Hawaii in July.The TPP negotiations were launched in 2010 involving the United States, Australia, Brunei, Chile, New Zealand, Peru, Singapore and Vietnam. Malaysia, Mexico, Canada and Japan joined the talks later.

 

http://www.japantoday.com/category/politics/view/japan-mulls-extra-proposal-for-u-s-rice-imports-to-help-clinch-tpp

 

China sets 2016 wheat, corn, rice and cotton import quotas -NDRC


Wed Sep 30, 2015 11:25am GMT

BEIJING, Sept 30 (Reuters) - China has set 2016 low-tariff rate import quotas for wheat, corn, rice and cotton, the National Development and Reform Commission (NDRC) said on Wednesday, with volumes the same as this year.The quota for wheat has been set at 9.636 million tonnes, for corn 7.2 million tonnes, and rice 5.32 million tonnes.The cotton quota has been set at 894,000 tonnes, the NDRC said on its website www.ndrc.gov.cn.
(Reporting by Chen Aizhu; Editing by Pravin Char)

http://af.reuters.com/article/commoditiesNews/idAFB9N10E02Q20150930

 

The Origins Of Black Rice Plant biologists have solved the ancient mystery of the origins and spread of black rice.

 

Asian Scientist Newsroom | September 30, 2015 | In the Lab Read more from Asian Scientist Magazine at: http://www.asianscientist.com/2015/09/in-the-lab/origins-black-rice/

The Origins Of Black Rice Plant biologists have solved the ancient mystery of the origins and spread of black rice. Asian Scientist Newsroom | September 30, 2015 | In the Lab AsianScientist (Sep. 30, 2015) - Japanese scientists have traced the genetic origins of black rice to natural crossbreeding. Their work has been published in The Plant Cell. Black rice has a rich cultural history; called ‘Emperor’s rice’, it was reserved for the Emperor in ancient China and used as a tribute food. In the time since, it remained popular in certain regions of China and recently has become prized worldwide for its high levels of antioxidants.

 

 Despite its long history, the origins of black rice have not been clear. Black rice cultivars are found in locations scattered throughout Asia. However, most cultivated rice species (Oryza sativa) produces white grains, and the wild relative Oryza rufipogon has red grains. The color of rice grains is determined by which colored pigments they accumulate (or fail to accumulate, in the case of white rice). For instance, the pro-anthocyanidins that give wild rice grains their characteristic red color are not produced in white rice due to a mutation in a gene controlling pro-anthocyanidin biosynthesis. The color in black rice is known to be due to anthocyanin pigments, but how these came to be made in the grains was not known.

 

The authors of the paper answered the long-standing question of how black rice became black and, moreover, traces the history of the trait from its molecular origin to its spread into modern-day varieties of rice. Researchers from two institutions in Japan, National Institute of Agrobiological Sciences and Forestry and Fisheries Research Center, collaborated to examine the genetic basis for the black color in rice grains. They discovered that the trait arose due to a rearrangement in a gene called Kala4, which activates the production of anthocyanins. They concluded that this rearrangement must have originally occurred in the tropical japonica subspecies of rice and that the black rice trait was then transferred into other varieties (including those found today) by crossbreeding.

 

“The birth and spread of novel agronomical traits during crop domestication are complex events in plant evolution,” said Dr. Izawa Takeshi, lead scientist of the study. This new work on black rice helps explain the history of domestication of rice by ancient humans, during which they selected for desirable traits including grain color. The article can be found at: Oikawa et al. (2015) The Birth of a Black Rice Gene and Its Local Spread by Introgression. ——— Source: American Society of Plant Biologists; Photo: storebukkebruse/Flickr/CC. Disclaimer: This article does not necessarily reflect the views of AsianScientist or its staff. Tags: Agriculture, Japan, National Institute of Agrobiological Sciences Japan, Rice Read more from Asian Scientist Magazine at: http://www.asianscientist.com/2015/09/in-the-lab/origins-black-rice/

 

http://www.asianscientist.com/2015/09/in-the-lab/origins-black-rice/

 

More rice imports next year as El Niño lingers

 (The Philippine Star) | 

Earlier, the NFA Council approved the importation of 1.8 million metric tons of rice this year, including the 500,000 MT bought from Thailand and Vietnam in the first quarter. Another 250,000 MT of the approved volume were meant for the lean season, while 250,000 MT were set aside for reserves. Philstar.com/File

MANILA, Philippines - The government plans to import more rice in the first half of 2016 due to the adverse effects of the prolonged dry spell in some rice-producing provinces.Socioeconomic Planning Secretary Arsenio Balisacan said yesterday preparations are being made to ensure the country has enough rice buffer to cushion the impact of the El Niño phenomenon which is expected to last until next year.Balisacan is part of the National Food Authority’s council, the only agency allowed by law to bring in rice shipments from abroad. “This early, we are prepositioning our level of imports.

 We already decided to import more rice this year and we have already provisioned more import volumes for the first two quarters of next year,” Balisacan said at the Philippine Economic Briefing.However, he declined to disclose the volume of rice imports the government has been planning to order.“We don’t know the exact numbers (for the imports) yet but we have some provisions already,” he said, noting the data on the areas that are expected to be adversely affected by the dry spell, and the farmers’ intention to plant, among others, have yet to be gathered. “What I’m trying to say is we know there is going to be a shortfall so we are making the minimum buffer that we need to have to ensure there would be no sharp increases in the prices of rice,” Balisacan said.

Earlier, the NFA Council approved the importation of 1.8 million metric tons of rice this year, including the 500,000 MT bought from Thailand and Vietnam in the first quarter. Another 250,000 MT of the approved volume were meant for the lean season, while 250,000 MT were set aside for reserves.
The remaining 805,200 MT were private sector imports under the government’s minimum

http://www.philstar.com/business/2015/10/01/1505673/more-rice-imports-next-year-el-nino-lingers

DA-12 looking at alternative palay areas in preparation to El Niño


ByMindanewson September 30 2015 4:32 pm
GENERAL SANTOS CITY (MindaNews / 30 Sept) – The Department of Agriculture (DA) in Region 12 is working on the opening of “alternative” palay production areas in a bid to offset the projected reduction in local harvests due to the impact of the looming strong El Niño Phenomenon.Amalia Jayag-Datukan, DA Region 12 executive director, said they are currently evaluating some irrigated farm areas in parts of Sultan Kudarat and North Cotabato provinces for the planting of palay within the next few weeks.She said the targeted farmlands are located in portions of the Liguasan Marsh that are covered by the two provinces.

“We’re continuously looking for other alternative production areas so we can sustain our production targets,” she said.Based on the DA-12’s forecasts, the region’s palay harvests could drop by a total of 98,473 metric tons (MT) this year as a result of the onslaught of the El Niño, which was predicted to begin next month and last until February next year.It expects the area’s total palay harvests to reach 1,316,809 MT by yearend or about seven percent lower than its 1,415,282 MT target under its Food Self-Sufficiency Program.In terms of palay production area, the agency expects a reduction of 17,679 hectares or from its target of 358,567 hectares to 340,888 hectares due to the El Niño.

Despite such projection, Datukan said they are not expecting any rice shortage in the region in the coming months.She said the region remains rice self-sufficient and they anticipate enough rice supplies in the local markets during the El Niño period.“We will still be 120 percent rice self-sufficient so that will not likely affect the availability of rice supplies in the markets,” she said.In 2014, Region 12 produced a total of 1.364 million MT of palay and a self-sufficiency rating of 128 percent.Such figure was equivalent to 31.68 percent of Mindanao’s rice production and 7.1 percent of the entire country.Based on rainfall data released to DA-12 by the Philippine Atmospheric Geophysical and Astronomical Services Administration, some parts of the region already posted “way below normal” levels as of the end of August.

It said the rainfall level in the provinces of South Cotabato, Sultan Kudarat and North Cotabato will drop to below normal and in Sarangani to way below normal starting the end of the month.Datukan said the provinces of Sarangani, Sultan Kudarat and South Cotabato will experience dry spell this month that will intensify to drought from October to February.She said North Cotabato will experience dry condition starting this month until January and dry spell by February.Dry spell was described as three consecutive months of below normal or 21 to 60 percent reduction from average rainfall conditions or two consecutive months of way below normal or more than 60 percent reduction from average rainfall conditions.Drought was defined as consecutive months of way below normal or more than 60 percent reduction from average or five consecutive months of below normal or 21 to 60 percent reduction from average rainfall condition


http://www.mindanews.com/top-stories/2015/09/30/da-12-looking-at-alternative-palay-areas-in-preparation-to-el-nino/

 

 

Big data on 3,000 rice genomes made available on cloud

By eGov Innovation Editors | 2015-09-30

Three research institutions — the Chinese Academy of Agricultural Sciences (CAAS), the Beijing Genomics Institute (BGI) Shenzhen, and the International Rice Research Institute (IRRI) — collaborated to sequence the genomes of 3,024 rice varieties and lines housed  at the IRRI (82 percent) and the CAAS (18 percent) gene banks. Funded by grants from the Bill & Melinda Gates Foundation and the Chinese Ministry of Science and Technology, the sequencing and initial analysis produced a dataset that contains millions of genomic sequences from a diverse set of rice varieties that, when combined with phenotyping observations, gene expression, and other information, provides an important step in establishing gene-trait associations, building predictive models, and applying these models to breeding.Through funding from the Global Rice Science Partnership, the 3,024 genomes were re-analyzed against five popular varieties that represent the three main subgroups of cultivated rice — indica, japonica, and aus. 

This new  3,000 Rice Genomes Project (3K RGP) data analysis set is massive at 120 terabytes, which is well beyond the computing capacities of most research institutions. However, these new results are now publicly available online, as an Amazon Web Services (AWS) Public Data Set. Accessing the data is free, and use is governed by the stipulations for data analysts and users from the Toronto Statement.“The dataset provides access to millions of genetic markers that can be used to design sustainable crops for the future, that is, ones that are high-yielding and more nutritious while at the same time requiring less water, fertilizer, and pesticides,” said. Dr. Rod Wing, director of the Arizona Genomics Institute at the University of Arizona and a pioneer in rice genome sequencing.

Dr. Kenneth McNally, senior scientist in IRRI’s T.T. Chang Genetic Resources Center and a project team member, added that the data set also comes with tools to help researchers visualize and analyze genetic information. Data access and analysis tools are being made available for the 3K RGP dataset through the International Rice Informatics Consortium(IRIC)  ), which promotes collaboration in bioinformatics analysis of rice data and provides computational tools to facilitate rice improvement via discovery of new gene-trait associations and accelerated breeding. 

One of the tools, the SNP-Seek database, is designed to provide user-friendly access to a type of genetic marker called single nucleotide polymorphisms (SNPs) identified from this data. Another tool in SNP-Seek, the JBrowse genome browser, displays chromosome-specific SNP data derived from the set.“The 3K RGP dataset is a powerful tool that will unite researchers from around the world to help drive the next green revolution,” Dr. Wing said.The International Rice Genebank of the T.T. Chang Genetic Resources Center at the IRRI contains more than 127,000 rice varieties and accessions from all over the world. These accessions hold a virtually untapped reservoir of genes/traits that can be used to make rice cultivation more sustainable, with a smaller environmental footprint. Traits targeted for improvement include higher nutritional quality; tolerance of pests, diseases, and environmental stresses, such as flood and drought; and reduced greenhouse gas emissions.


Odisha to procure 30 lakh tonnes paddy this year


By Indo Asian News Service | IANS India Private Limited/Yahoo India News 

Bhubaneswar, Sep 30 (IANS) The Odisha cabinet on Wednesday approved the state food and procurement policy for kharif marketing season (KMS) 2015-16 that targets to procure 30 lakh tonnes of paddy in kharif and rabi seasons.An initial target of 30 lakh tonnes of paddy has been fixed for kharif season 2015-16 by the government procuring agencies, said Chief Secretary G.C. Pati.As much as 23 lakh tonnes in kharif and 7 lakh tonnes in rabi season would be procured from the farmers in the state, Pati said. Government agencies would be allowed to procure paddy from the Regulated Market Committee yards (mandis).

Payment to the paddy farmers by government agencies would be through on-line transfer in 160 Paddy Procurement Automation System (P-PAS) blocks and through cheques in non-P-PAS blocks, said the chief secretary.P-PAS was implemented earlier in 60 high procuring blocks of the state during the kharif season 2014-15 and it has been extended to another 100 blocks.The cabinet also approved the revival of a medical college and hospital in Kalahandi district.The state government has taken over the ailing medical college and would induct a suitable private partner through public-private partnership framework for ensuing the revival and sustainable operationalisation of the medical college.

"The state government decided to transfer 124 students pursuing degree course in the medical college in the last two years to private medical colleges in Bhubaneswar. We have sought Medical Council of India (MCI) approval," said development commissioner U.N. Behera.Citing lack of infrastructure and adequate faculty, the MCI had withdrawn recognition to the college that was developed by Western Odisha Development Council and a private educational trust.The chief secretary said the Orissa High Court has directed all concerned, including the MCI, to take necessary steps for the smooth functioning of the medical college.The cabinet also accorded nod for loan assistance of $51.20 million (Rs.312.37 crore) by International Fund for Agriculture Development (IFAD) for infrastructure and livelihood development of particularly vulnerable tribal groups (PVTG) in the state.

The state government would avail of external assistance from IFAD for implementing the Empowerment and Livelihood Improvement Programme in 1,019 villages, where the PVTG reside.While the total project cost is Rs.795.41 crore ($130.39 million), the state's share would be Rs.464.73 crore ($76.18 million).The project to enable improved livelihood, food and nutrition security for 32,091 PVTG households and several other scheduled castes and scheduled tribes living in the villages would be implemented from 2015-16 to 2022-23.

https://in.news.yahoo.com/odisha-procure-30-lakh-tonnes-paddy-114404830--finance.html

Arkansas Farm Bureau Daily Commodity Report

A comprehensive daily commodity market report for Arkansas agricultural commodities with cash markets, futures and insightful analysis and commentary from Arkansas Farm Bureau commodity analysts.
Noteworthy benchmark price levels of interest to farmers and ranchers, as well as long-term commodity market trends which are developing. Daily fundamental market influences and technical factors are noted and discussed.
Soybeans
High
Low
Cash Bids
909
829
New Crop
909
834


Riceland Foods


Cash Bids
Stuttgart: - - -
Pendleton: - - -
New Crop
Stuttgart: - - -
Pendleton: - - -


Futures:
High
Low
Last
Change
Nov '15
902.25
881.25
892.00
+7.75
Jan '16
905.00
884.00
894.00
+6.50
Mar '16
908.50
887.75
897.25
+6.50
May '16
910.00
890.00
899.75
+6.75
Jul '16
913.25
894.25
904.25
+6.75
Aug '16
909.50
893.75
903.00
+6.50
Sep '16
899.25
887.00
895.50
+6.25
Nov '16
901.00
885.00
893.25
+6.00
Jan '17
891.75
891.75
899.00
+6.00

Soybean Comment

Soybean prices closed slightly high today however this is disappointing given the bullish stocks report which had stocks less than 200 million bushels. Soybeans remain under pressure from large global and US supplies forecasted for this coming year. While prices have hopefully put in their contract lows they still nee d help from export market to show demand remains robust for soybeans.


Wheat
High
Low
Cash Bids
492
492
New Crop
511
409


Futures:
High
Low
Last
Change
Dec '15
515.50
498.25
512.75
+9.00
Mar '16
522.50
506.25
519.50
+8.25
May '16
527.00
511.25
524.25
+8.25
Jul '16
529.50
514.00
527.00
+7.50
Sep '16
537.25
523.50
535.00
+7.25
Dec '16
549.75
536.00
547.50
+6.25
Mar '17
560.00
548.00
557.25
+5.00
May '17
555.25
+4.75
Jul '17
536.75
+4.75

Wheat Comment

Wheat prices closed higher today as the market finally got som supportive fundamental news. Today stocks report was lower than most analyst estimates providing some much-needed fundamental support for prices. Longer-term wheat will need to see additional demand before prices can make any kind of significant rally.


Grain Sorghum
High
Low
Cash Bids
399
331
New Crop
399
373



Corn
High
Low
Cash Bids
399
346
New Crop
379
351


Futures:
High
Low
Last
Change
Dec '15
394.50
383.50
387.75
-1.25
Mar '16
405.00
394.25
398.75
-1.00
May '16
411.75
401.25
405.50
-1.25
Jul '16
416.50
406.00
410.75
-1.00
Sep '16
408.50
398.00
404.00
+0.25
Dec '16
415.00
405.00
411.00
+1.25
Mar '17
423.75
415.75
420.50
+1.25
May '17
429.00
425.00
426.25
+1.50
Jul '17
431.25
426.25
429.25
+2.00

Corn Comment

Corn prices close slightly lower today. While today's stock report was mostly neutral for prices, corn remains under harvest pressure. Most traders expected today report to show stocks tighter than USDA reported, this is evident in the sharp decline following the report. Corn prices remain near resistance at $4.00 however prices also have strong supporter 360 range. Look for corn to continue sideways pattern until supplies for this year become clear.


Cotton
Futures:
High
Low
Last
Change
Oct '15
- - -
- - -
59.49
-0.56
Dec '15
61.57
59.78
60.44
-0.56
Mar '15
61.23
59.61
60.31
-0.4

Cotton Comment

December cotton charted a bearish key reversal today, suggesting that another leg down is possible. At least for today, though, the market found support at the contract low of 59.70 cents set last week. Hurricane Joaquin could provide some price support as harvest is delayed and cotton quality is impacted.


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


Futures:
High
Low
Last
Change
Nov '15
1339.0
1315.0
1320.0
-12.5
Jan '16
1365.0
1345.0
1349.0
-12.5
Mar '16
1370.0
1370.0
1374.0
-9.5
May '16
1388.5
-9.5
Jul '16
1402.0
-9.0
Sep '16
1320.0
1310.0
1315.0
-9.0
Nov '16
1315.0
-9.0

Rice Comment

Rice futures have rallied to their highest level in 14 months in the nearby contract, but turned a bit lower today on profit taking. Reports of disappointing yields across the south coupled with smaller acreage has fueled the recent rally. Concerns about Asian production are also a factor, as an El Nino weather pattern has caused drought in major production areas. November continues to find resistance at $13.39.


Cattle
Futures:
Live Cattle:
High
Low
Last
Change
Oct '15
128.825
124.675
124.675
-4.500
Dec '15
134.700
129.800
130.250
-3.900
Feb '16
136.225
132.300
132.625
-2.500
Apr '16
135.100
131.600
132.400
-1.500
Jun '16
126.825
123.600
124.700
-0.800
Aug '16
124.250
121.300
122.000
-0.950
Oct '16
126.400
123.850
124.800
-0.575
Dec '16
127.250
125.000
125.175
-0.825
Feb '17
126.850
126.550
126.850
+1.375
Feeders:
High
Low
Last
Change
Oct '15
182.875
176.925
177.800
-3.025
Nov '15
178.475
171.825
172.175
-4.775
Jan '16
172.500
166.525
167.050
-4.150
Mar '16
170.075
164.750
165.150
-3.550
Apr '16
169.750
165.375
165.600
-3.525
May '16
169.800
165.000
165.300
-3.450
Aug '16
169.775
165.500
165.725
-3.525
Sep '16
166.250
166.000
166.000
0.000

Cattle Comment

Cattle prices remain under pressure today as both live and feeder cattle markets closed down sharply. Last weeks frozen stocks report continues to dominate the market as traders remain worried about demand. Continued strength in the dollar and worries about the overall economy remain a negative factor for cattle prices.


Hogs
Futures:
High
Low
Last
Change
Oct '15
74.500
72.650
73.300
+0.050
Dec '15
67.600
66.500
66.525
-0.525
Feb '16
70.000
68.800
68.800
-1.000
Apr '16
73.175
72.050
72.050
-0.550
May '16
77.900
76.750
76.750
-0.400
Jun '16
80.750
79.725
79.925
-0.300
Jul '16
79.825
79.250
79.100
-0.175
Aug '16
79.000
78.375
78.475
-0.350
Oct '16
67.950
67.600
67.775
-0.100

Hog Comment



Shell Eggs

National Turkeys

Delmarva Broilers





Warshaw Testifies on Importance of In-Kind Contributions in Food Aid Programs   

Jamie Warshaw
WASHINGTON, DC -- Earlier today, the U.S. House of Representatives Agriculture Committee held a public hearing on U.S. International Food Aid Programs.  USA Rice Food Aid Subcommittee Chairman Jamie Warshaw testified, along with five other witnesses representing various private volunteer organizations (PVOs) and commodity groups.  "Unfortunately, despite all the efforts of the United States and other countries, there is still a significant number of people across the world that are food insecure," said Warshaw during his opening remarks.  "Therefore, I appreciate efforts by USAID and various members of Congress who are looking for ways to make food aid programs more effective, but I have serious concerns about many of the policy proposals and reforms that have been laid on the table."

Several of the proposals seek to reduce or eliminate the use of in-kind contributions to food aid and replace them with a cash or voucher system.  Warshaw highlighted recent World Food Programme and Government Accountability Office (GAO) reports that emphasized the lack of oversight and diversion of aid when cash or vouchers were used.

The United States has been one of the largest suppliers of food aid, providing $80 billion in food aid since World War II.  "When we provide U.S. commodities to the world's hungry, each farmer, processor, packer, handler, and cargo deliverer can feel good about the work they're doing to help alleviate hunger," said Warshaw.  "Additionally, these U.S. commodities are distributed in bags that feature the label 'From the American People.'  This is a clear statement of the commitment the U.S. has to fighting global food insecurity and is a symbol that is intended to help foster international good will."

Congressman Rick Crawford (R-AR) commented on the new fortified rice developments for food aid and questioned whether the rice industry would be able to provide this product now.  Warshaw enthusiastically replied that the rice industry can provide a fortified product and in fact has been providing enriched rice to the domestic market and some export markets for decades. 

Responding to Congressman Ralph Abraham's (R-LA) question about the food safety checks for U.S. rice versus other countries, Warshaw stated that the U.S has one of the world's safest food supplies. 

"In many other rice exporting countries, there are issues with water quality, storage and farming practices, unregulated pesticide and herbicide use, and little to no third party oversight of the safety of the food product.  The U.S. has a strong system of objective checks that ensure the quality and safety of our products."

Warshaw continued, "The U.S. rice industry has invested significant capital, time, and effort in being a timely and reliable supplier of food aid.  Looking forward, we are developing fortified rice and rice products aimed to reduce global hunger and malnutrition, particularly in women and children.  We have had great success so far but global food insecurity is a challenge we're still facing.  The continued delivery of in-kind food aid is necessary to help avoid many of these potentially serious consequences of program reforms."

Contact:  Sarah Moran (703) 236-1457



LUIS ESPINO: ARMYWORMS INVADE RICE

By Charmayne Hefley, Associate Editor


Larva of the armyworm, Mythimna unipuncta.

Photo by Jack Kelly Clark, UC IPM.
SEPTEMBER 30, 2015

Farmers face many threats to their crops on a daily basis. Luis Espino, rice farm advisor UC ANR Cooperative Extension, Colusa County, said rice farmers are on the lookout for two caterpillar infestations during the year when armyworms invade rice fields. “The first one occurs sometime in June,” Espino said. “At that time all they do is just eat the foliage, and you can usually see it when you walk into a field. Nevertheless, the rice has a very good capacity to recover from that type of injury.” Espino’s UC Rice Blog explains it is difficult to accurately estimate yield losses due to early armyworm damage because it can reduce tillering, delay the crop, and cause uneven maturity.

“Heading” occurs when the rice plant prepares to enter its reproductive phase. The first sign, called the ‘booting’ stage, is when the leaf stem that conceals the developing panicle bulges. Then the tip of the developing panicle emerges from the stem and continues to grow. Rice is said to be at the ‘heading’ stage when the panicle is fully visible. Flowering begins a day after heading has completed. As the flowers open they shed their pollen on each other so that pollination can occur. Flowering can continue for about 7 days.  (Source: Rice Development, Ricepedia.) 

“The second infestation usually occurs in mid- to late-August when the rice is heading out,” Espino said. “At that time, armyworms can feed on the panicles, [causing the kernels to dry before filling], resulting in blanks [without kernels to harvest] on the panicles and broken panicle branches. That’s when armyworms are more important.”Espino said that the first infestation this year was relatively large, making it harder for the treatments to control the armyworms as they devastated the rice fields. “There were some areas in fields where the rice was down to the waters,” Espino said. “so all the foliage was consumed, and sometimes only a little stem was left standing.”

During the second armyworm infestation, however, Espino said the rice fields were not as badly affected as they had been in the first attack. “We did see some fields with armyworm injury,” Espino said,“ and some farmers had to treat their fields. The numbers were just so big that the treatments were not controlling them.”

Resources:  
UCANR/CA Rice Blog, “Estimating armyworm injury.”
http://californiaagtoday.com/armyworms-invade-rice/?utm_source=USA+Rice+Daily%2C+September+30%2C+2015&utm_campaign=Friday%2C+December+13%2C+2013&utm_medium=email

Jeremy Zwinger to discuss rice outlook for U of A webinar


Sep 30, 2015Delta Farm Press

His (Jeremy Zwinger's) skills were honed during his early career as an analyst for The Rice Trader. With his 2007 speech predicting prices to go past USD $1,000-per-ton levels, Zwinger’s analytical skills became well regarded. As always, he looks forward to contributing more insights about the future of the commodity market, hoping to make yet another accurate assessment of the future to aid the audience.


As farmers put the finishing touches to the 2015 rice harvest, yields reportedly are off 5 to 10 percent in many areas. That will make selling this year’s crop even more challenging, according to analysts.That’s why the Oct. 6 Food and Agribusiness Webinar offered by the University of Arkansas’ Division of Agriculture could be very timely for farmers in Arkansas and other rice-growing states.The next webinar in the University of Arkansas series, which will be titled “Global Rice and Commodity Markets Will Mover Higher…  Have we hit the bottom!,” will feature Jeremy Zwinger, president and CEO of Farm and Trade Inc. and The Rice Trader Inc., and a veteran rice market analyst.Farmers can register for the webinar, which is scheduled to begin at 2 p.m. Central Time on Oct. 6, by clicking onhttps://uaex.zoom.us/webinar/register/99728e411b97c868c5b9141539e44ee6.

“We’ll be looking at the global rice and commodity markets and having a frank talk about the changing dynamics: price direction, politics, water, long grain vs. medium grain vs. others, quality challenges and other timely issues,” says Dr. Bobby Coats, professor of economics and agribusiness at the University of Arkansas and moderator of the webinar series.“Jeremy has also just returned from a key trip from Asia, which adds to the timeliness of this talk.”Zwinger is the president / CEO of The Rice Trader, Farm and Trade Inc., International Commodity Institute and other entities. He carries a long standing background in agriculture from growing up in a family farming operation in North Dakota. He went through undergraduate and graduate programs at North Dakota State University.Zwinger’s experience extends globally in the fields of brokerage, advisement, and consultancy services to a number of internationally respected businesses, including several fortune 500 companies. He is well known amongst clients for his direct advisory work and market analysis that has over the years proven to be accurate estimates of forthcoming market developments.

In recent years, his interests have expanded to water trading, grower finance, international trade and effecting branding.He has chaired the World Rice Conference since its inception in 2009, being a regular participant at the World Rice Commerce series and has over the years contributed to some extensive analysis of rice markets by adding inter-commodity analysis (wheat, corn, soybeans, sugar, coffee, etc.) as well as how currency and oil prices impact the rice market.His skills were honed during his early career as an analyst for The Rice Trader. With his 2007 speech predicting prices to go past USD $1,000-per-ton levels, Zwinger’s analytical skills became well regarded. As always, he looks forward to contributing more insights about the future of the commodity market, hoping to make yet another accurate assessment of the future to aid the audience.

For more information on the Food and Agribusiness Webinar series, visithttp://www.uaex.edu/farm-ranch/economics-marketing/food-agribusiness-webinars/.


Study concludes added enzyme makes phosphorus in rice co-products more digestible for pigs


Sep 29, 2015Source: University of Illinois, ACES

Rice is the third most widely grown cereal grain worldwide with over 700 million tons produced per year. Co-products from the processing of rice for human consumption are an abundant feed source for livestock. Research conducted at the University of Illinois is helping producers make the most of these ingredients.

Rice co-products include rice hulls, rice bran, broken rice and rice mill feed. Rice hulls primarily consist of lignin and ash and have no nutritional value. Rice bran is the outer part of the grain after the hulls have been removed. The bran is removed from brown rice to make polished white rice and makes up 8 to 10% of the weight of paddy rice. It can be fed as full fat rice bran or defatted rice bran.Broken rice consists of kernels of polished rice that have been broken during the milling process. Rice mill feed is a combination of rice hulls, rice bran and rice polishings.

"Most of the phosphorus in rice co-products is hard for pigs to digest because it's bound to phytate," explains Hans H. Stein, a U of I professor of animal sciences. "About 84 to 88% of the phytate is in the bran layer so rice bran is a good source of phosphorus if we can get it into a form that pigs can absorb."Microbial phytase, an enzyme produced by specially engineered microbes such as bacteria or yeast, breaks the bonds holding phosphorus to phytate. Microbial phytase has been used for years to improve phosphorus digestibility in U.S. swine diets based largely on corn and soybean meal. Stein, along with Ph. D. student Gloria Casas, set out to test its effects on the digestibility of phosphorus in rice co-products fed to pigs.

First, they fed a group of growing pigs diets containing rice co-products with no added phytase. The standardized total tract digestibility of phosphorus was greatest in broken rice at 75.6%. The digestibility of phosphorus in FFRB, rice mill feed, brown rice and DFRB ranged from 26.4 to 33.1%.Adding phytase greatly improved phosphorus digestibility in some of the rice co-products. When phytase was added to the diets, the digestibility of phosphorus increased to 64.5% in brown rice, 41.3% in FFRB, and 46.7% in rice mill feed. The digestibility of phosphorus in broken rice and DFRB was not increased by the addition of phytase.

"Broken rice contains no bran so it has less phytate-bound phosphorus, but also much less phosphorus overall than co-products with bran," Stein says. "Using microbial phytase in combination with brown rice, rice mill feed or full fat rice bran makes these ingredients valuable sources of phosphorus in diets for growing pigs."He adds that with the use of microbial phytase, producers can also decrease the amount of phosphorus excreted by pigs. "So this not only reduces the cost of adding supplemental phosphorus to the diets, but it also has benefits for the environment."The paper, "Effects of microbial phytase on the apparent and standardized total tract digestibility of phosphorus in rice co-products fed to growing pigs" was published in a recent edition of the Journal of Animal Sciences. The full text is available online

http://nationalhogfarmer.com/nutrition/study-concludes-added-enzyme-makes-phosphorus-rice-co-products-more-digestible-pigs?utm_source=USA+Rice+Daily%2C+September+30%2C+2015&utm_campaign=Friday%2C+December+13%2C+2013&utm_medium=email

Abraham Recognizes Rice in House Floor Speech   
 
Rep. Abraham gives U.S. rice
a big hand
WASHINGTON, DC -- Yesterday, Congressman Ralph Abraham (R-LA), a great friend to the U.S. rice industry and Member of the House Committee on Agriculture, formally recognized National Rice Month during a floor speech here.Standing next to a large photo of rice plants, Abraham said "I want to pay a special tribute to the hard working men and women who produce rice on their family farms and I'd also like to recognize those who mill and market rice, all the suppliers and buyers."  He fittingly finished his comment by thanking one of the most important sectors of the industry, "...all the consumers who make rice an essential part of their diet."Abraham's Congressional District, LA-05, is the largest row crop district in the nation and the second largest rice-growing district in Louisiana with a five-year average of more than 113,900 acres of rice grown with an estimated $119 million farm-gate value.Congressman Abraham will be a featured speaker at this year's USA Rice Outlook Conference being held in New Orleans from December 9-11.


Contact:  Julie Vieburg (703) 236-1467

CCC Announces Prevailing World Market Prices 

WASHINGTON, DC -- The Department of Agriculture's Commodity Credit Corporationtoday announced the following prevailing world market prices of milled and rough rice, adjusted for U.S. milling yields and location, and the resulting marketing loan gain (MLG) and loan deficiency payment (LDP) rates applicable to the 2015 crop, which will become effective today at 7:00 a.m., Eastern Time (ET).  Prices are unchanged from the previous announcement.

World Price
MLG/LDP Rate

Milled Value ($/cwt)
Rough ($/cwt)
Rough ($/cwt)
Long Grain
14.53
9.17
0.00
Medium/Short Grain
14.04
9.42
0.00
Brokens
  8.76
----
----

This week's prevailing world market prices and MLG/LDP rates are based on the following U.S. milling yields and the corresponding loan rates:

U.S. Milling Yields
Whole/Broken
(lbs/cwt)
Loan Rate
($/cwt)
Long Grain
55.01/13.46
6.50
Medium/Short Grain
61.81/8.43
6.50

The next program announcement is scheduled for
 October 7, 2015.    



CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for September 30 
Month
Price
Net Change

November 2015
$13.200
 - $0.125
January 2016
$13.490
- $0.125
March 2016
$13.740
- $0.095
May 2016
$13.885
- $0.095
July 2016
$14.020
- $0.090
September 2016
$13.150
- $0.090
November 2016
$13.150
- $0.090

 

No ban on export of basmati rice: Government

By PTI | 30 Sep, 2015, 06.42PM IST


On the contrary, the government is taking all steps to explore more markets and promote retail packs to improve the realisation for basmati rice, the Commerce and Industry Ministry said in a statement.NEW DELHI: The government today said it is not considering any proposal to ban export of basmati rice, as it sought to dispel rumours in this regard. On the contrary, the government is taking all steps to explore more markets and promote retail packs to improve the realisation for basmati rice, the Commerce and Industry Ministry said in a statement.
The ministry said it has come to the notice that rumours are being spread by certain elements that the government has banned export of basmati rice. "The Government of India most emphatically clarifies that there is no truth in such rumours and the Government is not even considering any proposal to ban export of Basmati rice," the statement added. The export of basmati rice is allowed subject to registration of contracts with the Agricultural and Processed Food Products Export Development Authority (APEDA). There is no change in the policy and exports of basmati rice which are continuing unabated, it added. During the period between April-August, basmati rice exports grew by 17 per cent in quantity terms as compared to the corresponding period during the previous year. In view of softening of commodity prices, the realisation of basmati rice has gone down as has happened with many other commodities. It is expected that a good flow of export orders is likely and the government also expects the present trend of growth in the export of basmati rice to continue, the statement added.
http://economictimes.indiatimes.com/news/economy/agriculture/no-ban-on-export-of-basmati-rice-government/articleshow/49170015.cms


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30thSeptember,2015 Daily global Rice E-Newsletter by Riceplus Magazine