Wednesday, November 18, 2015

17th November,2015 Daily Global,Regional & Local Rice E-Newsletter shared by Riceplus Magazine-Latest Rice News Updates


Rice News Headlines...
·         A new Rice variety Stay Green Rice developed by Genetics Department, Hazara University Pakistan
·         Why Basmati is down
·         Rice meet
·         Union Minister Announces Two Agriculture Research Centres for State
·         PhilRice observes rice awareness month
·         Editorial: Politically charged import
·         Govt strengthens prevention of commodity price fixing
·         Rice export deals hit record level in October
·         Water price bursts rice bubble
·         Choice for Vietnam rice brand still in dispute
·         500,000-ton Cuban market would be ‘beneficial’ to U.S. rice farmers
·         Thailand to gain from lower rice supply
·         Weak ringgit may push up RICE PRICE
·         Rice prices may shoot up, says Assocham study
·         A model for APEC: Innovative entrepreneurship for inclusive agribusiness
·         Rice procurement by govt agencies up 25%
·         USA Rice Visits UK Trade with Eye to Returning U.S. Rice to Shelves  
·         11/17/2015 Arkansas Farm Bureau Daily Commodity Report
·         Nagpur Foodgrain Prices Open-November 17
·         Commodity Report-Nov. 16
·         APEDIA Commodity News from India
·         CME Group/Closing Rough Rice Futures  
·         Shawarma the Syrian way at restaurant Reyan
·         VU celebrates Diwali

News Detail...
Dr. Fida Muhammad Abbasi, Associate Professor Department of Genetics  Hazara University Mansehra have developed  STAY GREEN RICE for grain quality Drought stress and resistance to Bacterial blight. He is PRINCIPAL INVESTIGATOR for the project.for More project detail you can visit on following website.

http://103.240.220.69/dost/Evaluation-of-STAY-GREEN-RICE-for-grain-quality-drought-stress-and-resistance-to-Bacterial-blight.php



Why Basmati is down


The world rice market is growing at 12.2 percent annually and Pakistan’s share in this market is increasing at a rate of 18 percent, opens an SBP report titled “Basmati Rice Value Chain in Pakistan.” However, the report concedes that this is due to the demand for our coarse rice in low-end markets, while the superior Basmati breed continues to suffer. As per the report, the share of Basmati rice in total rice production in Pakistan has gone down from 74 percent in 2008 to 50 percent last season.
The reason for this drop in production has been, among other things, due to the illegal adoption of the Indian variety, Pusa. mall farmers are adopting the Pusa variety as it opens an opportunity to grow a third crop between rice and wheat. This variety gives a superior yield, consumes less water and grows in a short duration. However, this breed is illegal in Pakistan, and any concrete reason for it being outlawed was absent from the report; an industry source told BR Research the seed is not registered and not approved by the KSK Rice Institute, saying they “don’t do anything themselves and won’t let progress happen either.” Indeed, a lack of research and development is a key reason for the decline of Basmati exports, no matter who you talk to. Although the size of the international Basmati market is not mentioned in the report, an industry source said that it may be around $6-6.8 billion (7-8 million tons @ $850/ton).

Two million tons of Basmati are grown annually in Pakistan, of which around 0.6 million tons are exported. This number used to be a lot higher, but lack of research and no incentives have left the industry behind, while our favorite neighbor India has stolen the show. ndia has hybrid seeds which give exactly twice the yield of our seeds. Their inputs – water, electricity, fertilizer – are also heavily subsidized by their government. An industry source added that India flooding the market is the reason why international rice prices are so low. He added that India has snatched key Basmati markets from Pakistan, such as Iran, and continues to penetrate the international scene. Domestically, an important issue highlighted in the report was that of the middleman; around 80 percent of farmers sell their produce to commission agents (Arthi) in the Mandi.

 A profitability analysis revealed that the resource-poor farmer who is dependent on Arthi for credit and input supply has a profitability of Rs1539 per acre, while the mill-driven business model (contract farming), where both small and large farms are contracted by the mills, carries a much higher profitability of Rs54012 per acre. So, credit facilities need to be provided to the small farmers so they aren’t exploited by middlemen, while contract farming needs to be adopted on a larger scale. On the production front, there are issues in terms of water scarcity, outdated planting and harvesting methods, electricity and gas outages, lack of technology, high cost of inputs and low yields. For an industry that is the second-highest exports of our country, these are a lot of issues that need to be addressed! 

Rice meet

600 scientists to present research papers

About 600 rice scientists will be presenting research papers at the three-day international rice symposium with theme – ‘Rice science for global food and nutritional security’ being organised by the Indian Institute of Rice Research (IIRR) from Nov. 18-20. Union Minister Bandaru Dattatreya, Director Generals of ICAR, IRRI, ICRISAT, Vice-Chancellors of farm universities will also be attending, a press release said.

 

http://www.thehindu.com/todays-paper/tp-national/tp-telangana/rice-meet/article7886036.ece

 

Union Minister Announces Two Agriculture Research Centres for State

By Express News Service
Published: 17th November 2015 04:47 AM
Last Updated: 17th November 2015 04:47 AM
VIJAYAWADA: Union agriculture minister Radha Mohan Singh announced to set up aquaculture institutions and a couple of agricultural research centres in the state, after an hour-long discussion with chief minister N Chandrababu Naidu and other ministers in Vijayawada on Monday.He laid the foundation stone for ANGRAU campus in LAM Farms. Impressed with the performance of the state in aquaculture and congratulating AP for its numero uno status in shrimp exports, which makes up to 46 per cent of the total shrimp exports from the country, Radha Mohan announced to set up National Breed Bank for improvement of Rohu, Catla and Pangas fish breeds. He wanted the state to do well in fish production and exports as well.

The National Breed Bank (NBB) will come up in any of the 50 seed farms in the state and a scientific team from the Centre will shortly visit AP to complete the process, he said and announced to establish Breeder Multiplication Centre for L-Vannamei (a popular variety of prawn), which will help produce more seed.The existing unit of Central Institute of Fisheries Education at Balabhadrapuram in Kakinada will be upgraded into regional centre, he said and announced Centre for Brackish Water Aquaculture regional centre for which the state government has to provide necessary land anywhere along its long cost (at present, the centre is located in Chennai). Radha Mohan also sanctioned Central Institute of Freshwater Aquaculture (CIFA) at Penamaluru in Vijayawada (the CIFA is located only in Bhubaneswar).In agriculture sector, he sanctioned Central Rice Research Institute (CRRI) sub-centre in Srikakulam district (now present in Bhubaneswar) and assured Naidu to look into the proposal for setting up Indian Institute of Rice Research in West Godavari district.

The Union minister responded positively to the CM’s request to consider the state for implementation of Paramparagat Krishi Vikas Yojana. Under the scheme, the Centre provides Rs 30,000 per acre for three years. Since farmers stand to benefit greatly from the scheme, the state government had been requesting the Central government for implementation of the scheme for some time now.The CM sought Centre’s aid with regard to drought, micro-irrigation and oil palm issues. He also explained the efforts taken up by the state to overcome drought like river interlinking, micro irrigation, neeru-chettu, etc.As regards oil palm crisis, Chandrababu asked for a clear announcement by the Centre and urged the latter to announce a price as per the market conditions. State agriculture minister P Pulla Rao stressed the need for regulation of palm oil import and suggested that import tax be increased.Responding to this, Radha Mohan assured that the committee concerned will review the situation and take necessary steps in the next 10 days.Union civil aviation minister Ashok Gajapathi Raju, advisor to the state government (communication) Parakala Prabhakar and higher officials of agriculture and allied sectors were present.

http://www.newindianexpress.com/states/andhra_pradesh/Union-Minister-Announces-Two-Agriculture-Research-Centres-for-State/2015/11/17/article3132106.ece

PhilRice observes rice awareness month

November 17, 2015

 

By Merlito G. Edale Jr.

SAN MATEO, Isabela, November 17 (PIA) – The Philippine Rice Research Institute (Philrice) here joined in the nationwide observance of National Rice Awareness Month with the theme “BROWN4GOOD or Be Riceponsible In Your Own Way Now 4 Good”.Democrito Rebong II, PhilRice – Isabela station manager, said the annual celebration is an opportunity to recognize and promote rice as the staple food of Filipinos.He said the month-long activity also aims to encourage every Filipino to do their share of responsibility by valuing every grain of rice and eating healthier rice, like brown or unpolished rice and rice mixes to benefit themselves, other consumers, rice farmers and the country to achieve rice sufficiency.

“Brown rice or unpolished rice are rich in vitamins and minerals and have high fiber content and oil,” he said, adding that eating such rice may reduce cardiovascular diseases such as hypertension, heart diseases, hypercholesterolemia, and stroke.Rebong urged consumers to avoid rice wastage in order to help achieve rice sufficiency in the country.He said families should just prepare the exact amount of rice for their daily consumption and should not go beyond their capacity.Meanwhile, PhilRICE-Isabela, in collaboration with the Department of Agriculture, Agricultural Rice Research Institute, Bureau of Plant Industry, National Irrigation Administration and the local government units, will be showing the different brown rice varieties and other rice varieties as part of this year's lined-up activities. (ALM/MGE/PIA-2/Isabela)

http://news.pia.gov.ph/article/view/481447721708/philrice-observes-rice-awareness-month#sthash.wQuHIzhF.dpuf

 

Editorial: Politically charged import

The Jakarta Post | Editorial | Tue, November 17 2015, 8:47 AM
The country’s failure to secure its rice-import target of 1.5 million tons from its traditional suppliers — Thailand and Vietnam — to beef up its stocks shows just how high a politically charged commodity this staple food is and how confusingly inaccurate the national data has been on rice output and consumption. Many analysts cautioned early this year that the government should import rice because domestic production would fall owing to the impact of the El Niño weather phenomenon. But President Joko “Jokowi” Widodo, apparently influenced by the optimistic output estimate by the Agriculture Ministry and hesitating to backtrack on his own political promises to stop imports, insisted that domestic stocks were still fairly adequate.

Only after rice prices continued to increase did the President eventually relent to allowing imports. But stocks in the biggest exporting countries — Thailand and Vietnam — had run out as several other Southeast Asian countries, hit by the prolonged drought, had also replenished their stocks with imports. Allowing rice prices to continue to rise as a way to give higher earnings to farmers, as several politicians have suggested, goes entirely against common sense and will instead only hurt the majority of the people, 80 percent of whom are net-rice consumers themselves.Data at the Central Statistics Agency (BPS) said that more than 75 percent of rice growers were net-rice consumers.
High prices mostly hit the poorest group because almost 30 percent of their household spending goes to rice. Worse still, because of the country’s long and porous coastline, close to several major rice exporting ports in Thailand and Vietnam, it is nearly impossible for our domestic rice prices to be kept much higher than border prices without causing import smuggling.The present rice-pricing policy is fairly adequate because it manages rice prices within an annually reviewed range of floor and ceiling prices to ensure affordable prices for consumers and allows for fair margins for rice farmers. Importing rice only as a contingency measure has been considered fairly adequate as well. But this price mechanism must be based on fairly accurate data on national production and consumption. 

The biggest challenge is to ensure that the government-controlled State Logistics Agency (Bulog) has enough funds for domestic rice procurement whenever needed to defend floor prices and maintain enough stocks to release to the market whenever prices tend to rise far above the fixed ceiling. Yet more important is that Bulog, the only licensed importer of medium-quality rice, should be given the mandate to quietly carry out imports whenever necessary to beef up domestic stocks without having to go through the noisy process of gaining a political consensus.The problem is that Indonesia, given its consumption of over 35 million tons of rice a year, could easily turn into the world’s single largest importer whenever its own production declines as it did this year due to the impact of the prolonged drought. But there are only a few rice exporting countries
 http://www.thejakartapost.com/news/2015/11/17/editorial-politically-charged-import.html#sthash.KOhHFTxJ.dpuf

Govt strengthens prevention of commodity price fixing 

The Jakarta Post, Jakarta | Business | Mon, November 16 2015, 5:31 PM
Business News
The government has reiterated its commitment to increasing market monitoring to manage prices of staple commodities, including beef and rice, by eradicating price-fixing practices.Business Competition Supervisory Commission (KPPU) head Syarkawi Rauf said President Joko “Jokowi” Widodo had asked the commission to focus on the monitoring of beef and rice.Syarkawi said the commission had identified five to seven major players in national rice production in 11 provinces, including Central Java and North Sumatra, as the players could possibly dictate the price of rice in the market.“We will continue to monitor them. If they do anything that indicates anti-competitive practices, we will take necessary action,” Syarkawi told reporters late last week.
He further explained that with the limited number of players, it would be easy for price fixing to occur. He said the commission would impose sanctions on unlawful players, if found guilty, ranging from administrative punishment to recommending that their permits be revoked.The price and scarcity of rice as Indonesia’s main staple food has been a major concern this year following decreasing rice stocks owing to the prolonged season as a result of the El Niño weather phenomenon.
The government has been struggling to secure the country’s stocks, which continue to run low, partially through imports, as Vice President Jusuf Kalla confirmed that more than 1 million tons of rice from Thailand and Vietnam had begun entering Indonesian ports.Kalla expressed concern for the possibility of inflated prices with the late harvest, and that the country needed to secure enough stocks to survive, with a vacuum to fill around 2.5 million tons.Rice prices rose by more than 30 percent in February this year. The government attributed the abnormal price movement partially to the “rice mafia”.The government has appointed independent firm PT Sucofindo to audit at least 14,000 warehouses nationwide amid suspicion of illegal stockpiling and reselling.

Warehouse owners found guilty of illegal stockpiling could face up to five years’ imprisonment and fines of Rp 50 billion (US$3.70 million).Jokowi previously insisted that stocks, though running low, remained adequate, as he aimed for the country to be self-sufficient in key commodities such as rice, corn, soybeans and sugar.Meanwhile, Syarkawi also said that the commission had tried 32 feedlotters allegedly involved in cartel-like practices last month that contributed to soaring beef prices, which at one point rose to Rp 130,000 per kilogram from the usual Rp 90,000 after Idul Fitri. He said the feedlotters were found to have reduced the supply of cattle to be slaughtered from 30 head of cattle daily to eight head of cattle, leading to scarcity.

“This is where KPPU steps in to investigate the cartel-like practice on beef,” Syarkawi said.Agriculture Minister Amran Sulaiman signed a memorandum of understanding (MoU) on Friday with the local governments of six provinces, including Jakarta, West Nusa Tenggara, East Java and South Sulawesi, through which the leaders agreed to cooperate in securing and monitoring the supply of staple commodities, including rice, beef and corn.In its first phase, the MoU will focus on securing the supply of beef in Jakarta, which needed 60,000 head of cattle per month, according to Amran, from the other five provinces. The ministry would use the new livestock vessel recently officiated by the President to transport as many as 500 head of cattle to Jakarta, said Amran. (fsu)

http://www.thejakartapost.com/news/2015/11/16/govt-strengthens-prevention-commodity-price-fixing.html

Rice export deals hit record level in October

VNA THURSDAY, NOVEMBER 12, 2015 - 19:41:48  
Description: Description: http://img.en.vietnamplus.vn/t660/Uploaded/FXZ2/2015_11_12/ttxvn_12112015xuat_khau_gao.jpgIllustrative image (Source: VNA)
HCM City (VNA) – Exporters signed contracts to sell nearly 2 million tonnes of rice overseas in October, exceeding the figure of the same period last year by over 22 percent and a record volume for one month.The outcome is attributable to the winning of bids to sell more than 1.5 million tonnes of rice to the Philippines, Indonesia, and Cuba.According to the Vietnam Food Association (VFA), in the last ten months, Vietnam exported over 5 million tonnes of rice, a slight decrease of 6 percent year-on-year. The export price also dropped by 24.03 USD per tonne.
Asia maintained its position as Vietnam’s biggest rice importer, despite an annual decline of 11.2 percent in the market share to 71.58 percent. Africa, Australia, and Europe showed greater demand for Vietnamese rice with higher imports recorded during the period.The VFA anticipates 6.34 million tonnes of rice will be shipped abroad in 2015, excluding cross-border sales estimated at 1.64 million tonnes.-VNA
http://en.vietnamplus.vn/rice-export-deals-hit-record-level-in-october/84629.vnp




Palay production to fall this year

Posted on November 16, 2015 11:02:00 PM

PRODUCTION of palay -- a staple that contributes nearly a fifth to the value of total farm output -- is now officially expected to be lower than last year and fall short of target due to climate-related losses, increasing the likelihood of additional imports for 2016.
The Philippine Statistics Authority’s (PSA) Rice and Corn Situation and Outlook for October that was released yesterday showed production of palay, or unmilled rice, is now forecast at 18.3 million metric tons (MT) for this year, 3.54% below 2014’s 18.97 million MT and 8.5% short of a 20 million MT full-year target.PSA reported last Friday that palay production fell 15.71% annually to 2.55 million metric tons (MT) last quarter as “[s]ignificant reductions were noted in the volume of production, harvest areas and yield as a result of unrealized plantings [sic] due to inadequate irrigation water, late occurrence of rains and some areas being left in-fallow.
”This quarter’s production -- based on standing crop -- is expected to reach 7.42 million MT, 1.84% lower than the 7.56 million MT actually recorded in 2014’s comparable three months.Citing “farmers’ planting intentions”, the agency now sees palay production edging up by 0.31% to 4.38 million MT in 2016’s first quarter from 4.37 million MT in January-March this year on the back of expanded harvest area that should offset lower yield as the El Niño-induced drought rages.
Economic Planning Secretary Arsenio M. Balisacan, who heads the El Niño Task Force, had said earlier this month -- before the government reported lower actual third-quarter palay output -- that his panel would recommend an additional 1.3 million MT of rice imports in the wake of recents storms and amid current dry weather.For corn -- which contributes about seven percent to total value of farm output and whose production slipped by 1.7% year-on-year to 2.41 million MT last quarter -- the PSA now expects the year to end with 7.55 million MT, 2.8% below 2014’s 7.77 million MT.

October-December corn crop is expected to be 4.18% lower annually due to a 0.62% reduction in harvest area and a 3.58% fall in yield per hectare, while first-quarter 2016 production is projected to edge up by 0.48% to 2.38 million MT from the 2.37 million MT actually recorded in this year’s comparable three months.
http://www.bworldonline.com/content.php?section=TopStory&title=palay-production-to-fall-this-year&id=118747

Water price bursts rice bubble

Jessie Davies@jessie_davies& JESSIE DAVIESOct. 23, 2015, 3 a.m.
 Eflem Sartor, "Farm 500", Yenda, in last summer's Reziq rice crop which yielded 12 tonnes a hectare.THE sky-high price of water could squeeze rice out of the Murray and Murrumbidgee Valleys this summer.Temporary water in the Murray is selling for about $280 a megalitre, up from $120/ML this time last year and irrigation water in the Murrum-bidgee is selling for $210/ML.Water prices softened on the back of increased water allocations last week but many growers aren't committing to the thirsty crop.
Description: Description: Eflem Sartor, "Farm 500", Yenda, in last summer's Reziq rice crop which yielded 12 tonnes a hectare.Murray Catchment Authority senior land services officer John Fowler, Deniliquin, estimated rice plantings could be down b y as much as 80 per cent this year."As much as they'd love to support the local rice industry, they've done the sums and they know they can't afford to buy water," Mr Fowler said.I've heard of some neighbours pooling the water they have to get a crop between them."He said many growers around the Deniliquin area had used their existing water to finish winter cereals.RiceGrowers Association president Jeremy Morton said the state's rice crop would be well down, but not to the extent Mr Fowler estimated.

"Our selling window will be open for at least another month and I expect a number of growers will decide to plant a crop within that time."In a bid to boost plantings in the Riverina last week, SunRice guaranteed a price of $415 a tonne for medium grain Reiziq and up to $655 a tonne for speciality varieties, including organic medium grain rice, delivered to the 2016 crop rice pool.SunRice chairman Laurie Arthur said the tight water outlook pushed the announcement.It had already made a difference, he said."We did notice after the announcement we got a boost of people collecting seed and we're are confident our guaranteed price will continue to have an impact on grower numbers over the next month," he said.Coleambally grower Rodney Foster was swayed by SunRice's guaranteed prices.

"When I heard the prices they were offering I thought I had better put some in," Mr Foster said.He will plant 38 hectares, down from his usual 380ha."We would have put in another 40 hectares if we had enough water but it's just not in the system," he said."We've gone big on corn instead."Mr Foster said a few of his neighbours had turned to cotton to maximise the return on their hefty water investment.Growing rice this year was off the table for Moulamein grower Robert Glenn, "Edward Park", until he heard about SunRice's deal."We're still undecided, but it helps to know that SunRice has extended the offer," he said."We can't generate enough money by growing rice but we're passionate about our rice industry and what it does for our local community, so we may let our heart rule our economics."RiceGrower's Jeremy Morton expected the Sherpa variety to be popular this summer."It's a short season variety, so it will use less water than other options. However, Reiziq will be the most popular variety planted," he said.

Rice no dice, cash price too nice at Yenda

IT IS better economics for Yenda grower Eflem Sartor to sell his water than plant a summer crop.It was "an easy decision" not to plant rice for Mr Sartor, "Farm 500"."It was much more viable for me to sell my water, which I did a week and a half ago," he said."I couldn't see the sense in working over summer for such little profit."Instead, he will have his first holiday in 35 years."I don't know where I'm going or what I'm going to do but I'm very much looking forward to it."He said some neighbours had committed to planting rice, despite temporary water trading at about $210 a megalitre."They must be using a completely different calculator to me," he said.
"Then again, they may have carryover water from last season, which I don't."Mr Sartor is pictured in last year's Reiziq rice crop, which yielded 12 tonnes to the hectare."I was very pleased with it, but it's a completely different scenario this year."This year Mr Sartor planted 1000 hectares of dryland cereals and was pleased with their development in the lead-up to harvest.
JESSIE DAVIES
http://www.northqueenslandregister.com.au/story/3442284/water-price-bursts-rice-bubble/?cs=4770
Choice for Vietnam rice brand still in dispute
VietNamNet Bridge - Both Jasmine and Japonica rice are being considered as Vietnam’s national rice brands but many experts disagree.
The Vietnam Food Association (VFA) has suggested that Jasmine and Japonica rice varieties can be chosen for development into Vietnam’s national rice brand. However, experts say they are not a reasonable choice.Two weeks ago, experts and businesses raised their opposition against the association’s proposal on the Jasmine variety.Professor Vo Tong Xuan, the best known rice expert, said this variety of rice has been eliminated in many countries in the world, emphasizing that a variety which is no longer favored in the world must not be the symbol of Vietnam.VFA recently suggested adding Japonica, a Japanese rice variety, on the list of rice varieties for consideration to develop a national rice brand.There are two reasons behind the association’s decision. First, the market demand for Japonica rice is relatively high. And second, Vietnam has favorable conditions to organize the production of the rice.
However, VFA has once again spoken about public opposition to this proposal. Of the 4.3 million tons of rice exported by VFA’s member companies in the first nine months of 2015, Japonica rice only accounted for one percent. A VFA’s report showed that 27.55 percent of rice exported was high-quality white rice, while 25.01 percent was scented rice. Average-quality white rice exports accounted for 13.69 percent of total exports, while low-cost white rice accounted for 11.29 percent. Huynh The Nang, VFA’s chair, said VFA wants to choose three Description: Description: Vietnam, Japonica, Jasmine, national rice brand, vietnam economy, vietnamnet bridge, english news about Vietnam, Vietnam news, news about Vietnam, English news, vietnamnet news, latest news on vietnam,  Vietnam agriculture, vietnamese ricemarket segments for the national rice brand development – scented rice, high-quality white rice and specialty rice. Japonica has been suggested for specialty rice. However, he stressed that the Japonica VFA has suggested is not the pure Japanese variety, but the one created by cross-breeding by a Vietnamese company, which also has round grains like Japanese Japonica.Xuan believes that the rice variety mentioned by Nang is DS1 created by the Vietnam Agriculture Genetic Institute.
Meanwhile, Xuan does not think DS1 could be welcomed by Japanese.Though DS1 also has round grain like Japonica, DS1 is less soft than Japonica and therefore, it could not be rolled to make sushi.Le Minh Truong, deputy general director of Vinafood 2, thinks it would be better to develop the rice varieties which account for the highest proportions in exports.“Why shouldn’t we think of consolidating what we have now instead of developing completely new ones?” he said.

500,000-ton Cuban market would be ‘beneficial’ to U.S. rice farmers
Nov 15, 2015Forrest Laws | Delta Farm Press

Description: Description: http://deltafarmpress.com/site-files/deltafarmpress.com/files/imagecache/large_img/uploads/2015/11/vilsack-cuba-usda-23032888361344d8b01bbo.jpgWhat

What I'm leading to is that a 500,000- ton market in nearby Cuba with Cuba mostly taking milled rice would be very beneficial to the U.S. rice industry.” - Dr. Nathan Childs.
Agriculture Secretary Tom Vilsack visits PALCO grocery store accompanied by PALCO President Abraham Masques in Havana, Cuba, on Saturday (Nov. 14). 
USDA photo by Lydia Barraza

How much rice could the United States sell Cuba if all the political, financial and other hurdles that have brought U.S. rice shipments to the island to a standstill in recent years were permanently removed?

That’s been a subject of considerable speculation in the U.S. rice community since President Obama and President Raul Castro announced the United States and Cuba would restore full diplomatic ties last Dec. 17.Most rice industry members know a number of obstacles such as the 50-plus-year-old trade embargo against Cuba and restrictions on providing credit to finance Cuban purchases have to be removed. But what happens if those are cleared and shipments of U.S. rice begin arriving in Cuban ports again?

“If the U.S. exported the same amount of rice it did in the late 1950s and 1960s – around 150,000 to 160,000 tons – Cuba would be the seventh largest U.S. rice market today,” says Nathan Childs, senior agricultural economist with the USDA’s Economic Research Service.Dr. Childs, who has been analyzing the U.S. and global rice markets for more than 20 years, discussed the outlook for U.S. and Cuba trade, during a University of Arkansas Systems Division of Agriculture Food and Agribusiness Webinar. Stephen Zahniser, a USDA economist specializing in trade with Mexico, was also a presenter.After the passage of the Trade Sanctions Reform and Export Enhancement Act of 2000, the U.S. shipped from 150,000 to 175,000 tons, mostly of milled, rice to Cuba a year until 2008 when exports peaked and began to decline. Most of the shipments were of milled rice.

http://deltafarmpress.com/rice/500000-ton-cuban-market-would-be-beneficial-us-rice-farmers

Thailand to gain from lower rice supply


PETCHANET PRATRUANGKRAI
THE NATION November 17, 2015 1:00 am
Description: Description: Weak ringgit may push up RICE PRICETHE COMMERCE Ministry is set to release 13 million tonnes of rice from the government's stockpiles by the end of 2018, while it expects Thailand to export at least nine million tonnes of rice next year due to lower-than-normal rice supplies globally because of climate change.The ministry also expects rice shipments to reach 10 million tonnes this year, with shipments of about eight million tonnes worth US$3.8 billion (Bt127 billion) between January 1 to November 10.Chutima Bunyapraphasara, permanent-secretary to the ministry, said yesterday that the government was confident it would clear the stockpiles within the next two years as many countries had lower rice stocks because of the El Nino climate effect.She said that the government set up a strategy to release rice from the stockpiles in June 2014. So far, from about 18 million tonnes of rice in stockpiles, about 13 million is remaining and this amount should be release continuously," she said.
The government is scheduled to sign a rice contract with the Chinese government on December 19 that will result in a second shipment of rice to China under a government-to-government deal for one million tonnes of rice. The first G-to-G between Thailand and China for one million tonnes of rice will be completed early next year. Thailand has already shipped about 800,000 tonnes of rice to China.Thailand will soon sign a contract to sell 500,000 tonnes of rice to the Indonesian government.Chutima said that in 2016 the ministry would continue its plan to release rice from stockpiles, while also help promote the sale of rice in a bid to ensure farmers have stable incomes.Thailand is expected to produce about 10 per cent less rice than normal next year due to the drought impact and limitations in growing second crops.
With a lower supply to the market, the price should increase and create a better return for farmers, the ministry said. The ministry reported that since August last year until now, the government had sold about five million tonnes of rice worth Bt52.3 billion. From the total stock of 13 million tonnes, about six million tonnes is good quality, while six million tonnes is a lower quality that can be upgraded to mixed rice or used for industrial supply. The remaining 700,000 tonnes is rotten rice, which can not be consumed and can only be sold for non-food industrial and biomass production.The ministry will suspend releasing the good quality rice from the government's stockpiles until March next year when the current main-crop rice harvest season ends.
http://www.nationmultimedia.com/business/Thailand-to-gain-from-lower-rice-supply-30273059.html

Weak ringgit may push up RICE PRICE

KUALA LUMPUR- The weak ringgit has not only made imported rice dearer, it may eventually cause the hitherto stable prices of local rice to also go up as consumers switch to the cheaper local grains.Malaysia Rice Wholesalers Association president Ng Chee Len has expressed concern that if the ringgit weakens further, the prices of imported rice, which had gone up a month ago, may rise again early next year, Nanyang Siang Pau reported today.Should that happen, consumers may ditch the imported rice to opt for the cheaper local alternative, forcing the price of the latter to also go up due to the spike in demand, he explained."This is the prediction by rice traders, but we hope this worst-case scenario won't happen.
"Ng told the daily that there is ample supply of both imported and locally produced rice and the only factor behind the hike in imported rice is the slide in value of the ringgit.On the price outlook in the near term, he said it all depends on how Bernas (Padiberas Nasional Berhad) deals with the situation.The prices of local rice have remained unchanged for the time being as they are not affected by the ringgit dip.However, he pointed out that another round of price hike for imported rice will make consumers wanting to stretch their ringgit to opt for the cheaper local varieties, thus pushing up their prices.
At present, imported rice constitutes 35% of the total consumption in Malaysia.In the past month, the prices of imported glutinous rice had gone up by an average of 17%, and 10% for fragrant rice.On the government's decision to scrap the Super Tempatan 15 (ST15) rice subsidy, Ng said it was laudable as the subsidy benefited middlemen more than the targeted consumers.He said there are better ways to help the poor.-TheSunDailyhttp://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=606827:weak-ringgit-may-push-up-rice-price&Itemid=2#axzz3rvvpZFQd

Rice prices may shoot up, says Assocham study

OUR BUREAU
NEW DELHI, NOVEMBER 15:  
Rice prices may surge in the coming months as stocks are depleting fast on the back of deficient rains and fall in output, a study by industry chamber Assocham said, urging the government to closely monitor prices and stocks as the domestic demand for rice is huge. “Though the government estimates kharif rice production at 90.61 MMT (million metric tonnes), this is unlikely to be achieved due to severe deficit rains in Punjab, Haryana, Uttar Pradesh, Bihar, Maharashtra and Karnataka and the best that could be achieved is 89 MMT,” according to a paper on ‘Impact of weak/deficient monsoon on agricultural production and prices’ by the Associated Chambers of Commerce of India.
Output estimates 
Description: Description: http://www.thehindubusinessline.com/multimedia/dynamic/02437/bl13_ndtbu_Basm_BL_2437327f.jpgThe actual production may be around 103 MMT during 2015-16. Moreover, rice stocks have been steadily declining in the past three years, the study added. “Increasing export outgo on account of the public distribution system and other welfare schemes will continue to weigh on availability in the open market. Unless the government is able to handle the situation prudently, depleting stocks will soon reflect on the open market prices,” Assocham said. 
The industry body suggested that direct seeded rice (DSR) should be encouraged to conserve water.  At present, less than 10 per cent of paddy production is under DSR due to limitations in the availability of suitable equipment for DSR in clay soils.  
(This article was published on November 15, 2015)
http://www.thehindubusinessline.com/economy/agri-business/rice-prices-may-shoot-up-says-assocham-study/article7880619.ece

A model for APEC: Innovative entrepreneurship for inclusive agribusiness




Grassroots & Governance -- Teresa S. Abesamis

Inclusive growth, the overall theme for the Asia-Pacific Economic Cooperation (APEC) Conference that began this week, is really about reducing poverty or closing the gap between the rich and poor in and among the member economies.

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It happens that rice farmers, who produce the basic food for majority of Asians, and increasingly for Africans, are among the poorest in the APEC economies. Rice is the staple food for over half of the world’s population. It is an ironic situation that has prevailed for centuries; and it is time, with economic integration and opening of free markets, that innovations be created and adopted to radically transform the rice business to benefit all of its stakeholders. There is an interesting and successful model in Vietnam that deserves serious study not only for rice production but for food production in general.
 From colonial times, Asia has been home to feudal systems of agriculture with large land-owning families, such as was once the prevalent case in the Philippines, and poorly paid, impoverished agricultural workers subsisting on the landowners’ benevolence, if any.Since agrarian reform, rice farming in Asia has been characterized by small holder farms of two hectares or less, with planting and harvesting, threshing and winnowing done through manual labor. Drying the palay has often been done on concreted roads causing the rice to be mixed with dirt and stones, resulting in about 15% wastage even before the rice is milled. Small farmers who have no direct access to capital and markets, end up owing traders who supply their inputs (seeds, fertilizers, pesticides) who deduct it from the price of the paddies, which the traders take to the millers who either buy the rice or charge for the milling services. The rice farmers end up earning below the poverty line.
 The rice farmer’s plight is one of the tragedies of Asia, and rural folk are among the poorest of the poor.The An Giang Plant Protection Joint Stock Co. (AGPPS) in Vietnam, founded in 1993, has pioneered a remarkable, inclusive approach to working with farmers, who can only provide their small piece of land, and their labor. Because of the low returns on their land and their hard work, the younger generation prefers to get jobs in the cities. In the Philippines, the average age of farmers is estimated at 57 years old!An Giang’s founder and chairman, Mr. Huyn Van Thon, 57, saw the problem and worked out a deal with the government to privatize some functions of the government, and take over the business, leaving the government with 29% share of the privatized corporation. 

Starting as a supplier of rice production inputs: seeds, fertilizers and pesticides, An Giang diversified vertically downstream and worked closely with the farmers, supplying inputs on credit with no interest, in which international supplier companies like Syngenta (a merger between Novartis and Ciba Geigy) cooperated with equally liberal terms of credit.
 
Working with the government’s Ministry of Agriculture and Rural Development it set up a Research and Development Center toward increased productivity of rice crops, technologies which An Giang shared with the farmers through its Farmer Friends network, consisting of agronomists and agricultural engineers who were sent out into the field. These Farmers’ Friends, who grew into a force of over a thousand, were also subjected to intensive training in socializing skills, climate change adaptation, and community health, environmental sustainability and development orientations which enabled them to build relationships of trust with the farmer-clientele.
In order to increase efficiency through economies of scale, An Giang was able to obtain cooperation from the government in order to consolidate on voluntary basis, small parcels of land into large integrated cooperative networks, thus enabling the farmers to rent or acquire Combine harvesters which mechanized large scale harvesting, threshing and winnowing. The Combine harvesters achieved in a few hours what labor intensive approaches took days to complete.An Giang also advanced milling and storage facilities payments, on condition that the farmers paid for such services within 120 days, upon sale of their produce. Farmers were also taught to calculate costs and benefits from their outputs enabling them to negotiate fairer deals for their produce, which they continued to own until sold. Farmer leaders, who became the link to the cooperatives were given shares in the An Giang Corp., which incentivized them to be loyal and productive.
An Giang is the first private sector led initiative to establish large scale rice cultivation in Vietnam. It is also the first private sector-led initiative on providing direct services to small-holder farmers through its Farmers’ Friends Program. It also established the first privately run research center on rice and agricultural seedlings, and the first food corporation to offer ownership to farmers. Through its vertical and horizontal integration strategies, An Giang’s business philosophy consisted of a Triple Bottom Line approach (Profit, People and Planet).Impact? There are 13 provinces in the Mekong River Delta covered by public-private activities on environmental protection. AGPPS adheres to VietGAP, which is based on Global Good Agricultural Practices promoted by the International Rice Research Institute.

Being in the Mekong River Delta is of course advantageous for irrigation and fertility of the soil. As of 2013, about 11,000 farmers were enrolled in AGPPS’s extension programs. Membership increased by 78% per annum. AGPPS reduced production costs by 10%-20%. The production cost of 1 kilogram of rice paddy is only 2,200 dongs while it costs about 3,200 dongs to 3500 dongs in other fields. Farmers sell their harvested rice to AGPPS for 6300 dong to 6,700 dongs per kilogram and earn a profit of 200%. The project allowed processing to increase five-fold from 100,000 tons of paddies in 2012 to 500,000 tons in 2014.Today, Vietnamese rice reaches 120 countries. China is its biggest buyer. African countries such as the Ivory Coast, Angola and Ghana are increasing their imports. There are traditional buyers from ASEAN region, including the Philippines, Malaysia and Singapore.An Giang’s shared business success attracted the interest of Standard Chartered Bank which in 2014, through its Private Equity Fund, invested $92 million in exchange for 34% of the company, following months of due diligence. Bert Kwan, Head of SCPE Southeast Asia commented “We are extremely pleased to be an investor in one of Vietnam’s flagship enterprises.
 We are privileged to support AGPPS’s laudable mission of bringing to the market commercially sound products and services that bolster the profitability of the Vietnamese rice value chain, while raising the standard of living for potentially millions of farmers. We worked closely with Mr. Thon and his highly capable management team over the past nine months during the due diligence process, and are confident that SCPE is well positioned to play a constructive role going forward as AGPPS’s shareholder partner.
”In the past months, with its increased capitalization, Chairman Huyn Thon announced radical transformations in the organization of the corporation, renaming it the Loc Troi Group. He also announced plans to diversify into other crops such as coffee and vegetable crops.The APEC membership would do well to learn from the example of Chairman Huyn Thon’s initiatives in inclusiveness up and down the value chain, in which “everybody is happy.
” He mobilized the support of government, obtained cooperation of multinational input suppliers, and attracted private investment from an international venture capital institution. Most important, he earned the trust of the farmers through his innovative, inclusive approaches to extension work, and business sharing. With demonstrated good intentions, it can work.The AGPPS story is mainly a research output of AIM’s Research and editorial team for the APEC Business Advisory Council led by Professor Federico Macaranas.Teresa S. Abesamis is a former professor at the Asian Institute of Management and an independent development management consultant.
http://www.bworldonline.com/content.php?section=Opinion&title=a-model-for-apecinnovative-entrepreneurship-for-inclusive-agribusiness&id=118781

Rice procurement by govt agencies up 25%

FCI, others have purchased more than 12.22 mt since Oct 1

By: Sandip Das | New Delhi | November 17, 2015 1:22 AM
Notwithstanding the prospect of a lower output this year because of deficient monsoon, rice procurement by Food Corporation of India (FCI) and state government-owned agencies in the kharif marketing season 2015-16 has seen an increase of close to 25% so far in comparison to last year.The government agencies have purchased more than 12.22 million tonne of rice since October 1 (when new procurement season began) till now, compared to 9.7 mt rice purchased from the farmers during same period last year.
Food ministry sources told FE that the higher procurement of rice is also attributed to fall in prices of common variety of rice in various mandis across the country. “The farmers prefer to sell their grain to agencies rather than giving it the private traders in Punjab and Haryana,” an official said.As per the latest data, out of the total rice equivalent of paddy procurement in Punjab, the agencies have purchased 8.3 mt of rice from the farmers till now, thus surpassing even the target of 8.8 mt for 2015–16 marketing season. In Punjab, which contributes the highest volume of rice and wheat to central pool,  7.5 mt of rice was purchased during the same period last year.
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In Haryana, the state government agencies have purchased more than 2.8 mt of rice equivalent of paddy by now, thus surpassing the target of 2.3 mt set for the year.Other states which have commenced rice procurement include Uttar Pradesh (1.7 lakh tonne), Telangana (2 lakh tonne), Kerala (76,933 tonne) etc.The food ministry officials say that if the current trend continues, the overall rice procurement during 2015–16 period would surpass the target of 30 mt.
 The agencies had purchased 32 mt of rice so far in 2014-15 marketing year (October-September). Agencies buy paddy from the farmers, thereafter the grain is given to millers for conversion into rice.The rice procurement in states like Chhattisgarh, Odisha, West Bengal and Assam would commence at the end of next month.The Cabinet Committee on Economic Affairs (CCEA) in June had increased the minimum support price (MSP) of common variety of paddy by Rs 50 to  Rs 1,410 per quintal for 2015-16 kharif season. The hike in MSP was based onthe recommendation of the Commission for Agricultural Costs and Prices (CACP).Meanwhile, the food ministry has asked agencies in the decentralised procurement states Madhya Pradesh, Chhattisgarh and Odisha and other non-traditional states Bihar and Jharkhand to maximise the procurement of rice and coarse grains during next marketing season.The FCI has been preparing a policy for involving private sectors in the procurement of rice in eastern states.
USA Rice Visits UK Trade with Eye to Returning U.S. Rice to Shelves  
Reputation for quality
LONDON, UNITED KINGDOM -- USA Rice President & CEO Betsy Ward and Regional Director Hartwig Schmidt recently conducted trade visits here to update the UK rice trade on the current U.S. rice supply situation.Approximately 90 percent of U.S. long grain rice sales here service the ethnic sector, but there is increasing competition from European and Thai origins, based on price."We're also now seeing basmati prices dropping enough that consumers are sometimes willing to give it a try in place of U.S. long grain," Ward said after meeting with major retailers.  "The good news is that we have an unparalleled reputation for quality, consistency, food safety, and sustainability.  The task at hand will be doing more to promote these facts to consumers."
 Ward said USA Rice conducts several promotional activities in the ethnic sector throughout the year here and that importers of U.S. rice she met with offered valuable suggestions on additional promotions that should be considered to increase U.S. rice sales. Meetings with rice buyers in the industrial sector revealed the potential for reintroducing U.S. rice to this high volume market segment, who remember and appreciate the consistency and high quality of U.S. long grain rice. 
It is through regular trade servicing and promotional activities that USA Rice, in cooperation with the UK trade, will get U.S. rice back on the retail shelves beyond just the ethnic markets.  In spite of the tough competition, U.S. long grain rice sales more than doubled as compared to last year, reaching over 18,000 MT in the period January-September 2015.
 Contact:  Hartwig Schmidt 011-49-40-4503-8660
11/17/2015 Arkansas Farm Bureau Daily Commodity Report

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


Futures:
ROUGH RICE
High
Low
Last
Change
Jan '16
1220.0
1174.5
1206.5
+22.5
Mar '16
1242.5
1202.5
1232.5
+22.5
May '16
1261.5
+22.5
Jul '16
1286.5
+22.5
Sep '16
1243.0
+22.5
Nov '16
1243.0
+22.5
Jan '17
1243.0
+22.5
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Rice Comment

Rice futures reversed yesterday's huge losses and charted a bullish key reversal in the process. January will have resistance near $12.50 on the rebound, though. Global ending stocks for 15/16 were raised by 3 percent (2.7 million tons) due to an increase in beginning stocks and a decrease in consumption in the November report. The average long-grain price is projected down $1.30 from last month to $11.50 to $12.50.

 

 

Nagpur Foodgrain Prices Open-November 17


Nagpur, Nov 17 Gram prices today firmed up again in Nagpur Agriculture Produce and
Marketing Committee (APMC) here on good seasonal buying support from local millers amid weakarrival from producing regions. Fresh rise in Madhya Pradesh gram prices and enquiries fromSouth-based millers also boosted prices, according to sources. 
 
               *            *              *              *
 
    FOODGRAINS & PULSES
    GRAM
   * Gram varieties ruled steady in open market here but demand was poor.
 
     TUAR
   * Tuar varieties declined sharply in open market here on subdued demand from local 
     traders because of higher prices and good overseas arrival. 
 
   * Masoor varieties showed weak tendency in open market on poor buying support from 
     local traders amid ample stock in ready position.  
                                                                                                
   * In Akola, Tuar - 10,000-10,300, Tuar dal - 15,800-16,200, Udid - 
     13,900-14,300, Udid Mogar (clean) - 17,300-18,000, Moong - 
     10,000-10,200, Moong Mogar (clean) 11,600-11,800, Gram - 4,200-4,300, 
     Gram Super best bold - 6,000-6,200 for 100 kg.
 
   * Wheat, rice and other commodities remained steady in open market 
     in weak trading activity. 
       
 Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg
 
     FOODGRAINS                 Available prices     Previous close   
     Gram Auction                4,100-4,800         4,080-4,740
     Gram Pink Auction            n.a.           2,100-2,600
     Tuar Auction                n.a.                7,800-9,200
     Moong Auction                n.a.                6,000-6,400
     Udid Auction                n.a.           4,300-4,500
     Masoor Auction                n.a.              2,600-2,800
     Gram Super Best Bold            6,400-6,600        6,400-6,600
     Gram Super Best            n.a.            n.a.
     Gram Medium Best            6,000-6,100        6,000-6,100
     Gram Dal Medium            n.a.            n.a
     Gram Mill Quality            5,000-5,100        5,000-5,100
     Desi gram Raw                4,900-5,000         4,900-5,000
     Gram Filter new            5,400-5,600        5,400-5,600
     Gram Kabuli                5,800-7,100        5,800-7,100
     Gram Pink                        6,200-7,000        6,200-7,000
     Tuar Fataka Best             16,000-16,500        16,300-16,700
     Tuar Fataka Medium             15,000-15,500        15,300-15,800
     Tuar Dal Best Phod            14,000-14,500        14,300-14,700
     Tuar Dal Medium phod            12,500-13,000        12,800-13,400
     Tuar Gavarani New             10,500-11,000        10,200-11,300
     Tuar Karnataka             11,000-11,500        11,200-11,800
     Tuar Black                 17,000-17,500        17,200-17,800 
     Masoor dal best            7,500-7,800        7,700-8,000
     Masoor dal medium            7,100-7,400        7,300-7,600
     Masoor                    n.a.            n.a.
     Moong Mogar bold            11,600-12,100       11,600-12,100
     Moong Mogar Med            10,100-11,100        10,100-11,100
     Moong dal Chilka            9,500-9,600        9,500-9,600
     Moong Mill quality            n.a.            n.a.
     Moong Chamki best            9,000-10,000        9,000-10,000
     Udid Mogar Super best (100 INR/KG)    16,600-18,600       16,600-18,600     
     Udid Mogar Medium (100 INR/KG)    14,600-15,600        14,600-15,600    
     Udid Dal Black (100 INR/KG)        10,600-11,200        10,600-11,200     
     Batri dal (100 INR/KG)        6,100-6,600        6,100-6,600
     Lakhodi dal (100 INR/kg)          5,200-5,300         5,200-5,300
     Watana Dal (100 INR/KG)            3,200-3,400        3,200-3,400
     Watana White (100 INR/KG)              3,000-3,200           3,000-3,200
     Watana Green Best (100 INR/KG)    3,300-3,600        3,300-3,600   
     Wheat 308 (100 INR/KG)        1,600-1,700        1,600-1,700
     Wheat Mill quality (100 INR/KG)    1,650-1,750        1,650-1,750   
     Wheat Filter (100 INR/KG)         1,550-1,750        1,550-1,750
     Wheat Lokwan best (100 INR/KG)    2,200-2,400        2,200-2,400    
     Wheat Lokwan medium (100 INR/KG)   1,950-2,100        1,950-2,100
     Lokwan Hath Binar (100 INR/KG)    n.a.            n.a.
     MP Sharbati Best (100 INR/KG)    3,400-4,000        3,400-4,100    
     MP Sharbati Medium (100 INR/KG)    2,600-2,800        2,600-2,900           
     Rice BPT best (100 INR/KG)        2,800-3,200        2,800-3,200    
     Rice BPT medium (100 INR/KG)        2,600-2,800        2,600-2,800    
     Rice Parmal (100 INR/KG)         1,600-1,800        1,600-1,800
     Rice Swarna best (100 INR/KG)      2,100-2,450        2,100-2,450   
     Rice Swarna medium (100 INR/KG)      1,800-2,200        1,800-2,200   
     Rice HMT best (100 INR/KG)        3,400-3,800        3,400-3,800    
     Rice HMT medium (100 INR/KG)        3,100-3,300        3,100-3,300    
     Rice HMT Shriram best(100 INR/KG)    4,200-4,500        4,200-4,500    
     Rice HMT Shriram med.(100 INR/KG)    3,600-4,100        3,600-4,100    
     Rice Basmati best (100 INR/KG)    8,000-10,000        8,000-10,000     
     Rice Basmati Medium (100 INR/KG)    7,000-7,500        7,000-7,500    
     Rice Chinnor best(100 INR/KG)    5,200-5,400        5,200-5,500    
     Rice Chinnor medium (100 INR/KG)    4,600-5,000        4,700-5,000    
     Jowar Gavarani (100 INR/KG)        1,800-2,100        1,800-2,100    
     Jowar CH-5 (100 INR/KG)         1,600-1,800        1,600-1,800
 
WEATHER (NAGPUR)  
Maximum temp. 32.0 degree Celsius (89.06 degree Fahrenheit), minimum temp.
15.5 degree Celsius (59.9 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : n.a.
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 32 and 16 degree Celsius respectively.
 
Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but included in market prices.)
 

Commodity Report-Nov. 16

Published 
In today’s commodity report we have the Weekly Rice Summary, the California Shell Eggs: Daily Egg Report and other commodity end of the day market numbers.

Weekly Rice Summary

In California, medium grain milled rice prices steady to 1.00 lower. Second heads and Brewers prices steady to 1.00 lower. Rice by-products: Rice Bran prices 10.00 to 15.00 higher. Ground rice hulls spot trade lightly tested, mostly all hulls already sold. The large supply of rice stocks on hand has softened market prices and continues to remain weak for new milling season. CME Rough Rice settlements for Friday Nov 13th, Jan 16 closed .215 lower at 12.145; Mar 16 closed .22 lower at 12.405; May 16 closed .22 lower at 12.69. US dollar index on Friday settled at 98.80.Benchmark prices are 23 cents higher for Jumbo, 25 cents higher for Extra Large, 24 cents higher for Large and 7 cents higher for Medium and Small. Retail and food service demand is fairly good to good. Offerings and supplies are mostly moderate. Market activity is active. Small benchmark price $2.31.Shell egg marketer’s benchmark price for negotiated egg sales of USDA Grade AA and Grade AA in cartons, cents per dozen. This price does not reflect discounts or other contract terms.


RANGE
JUMBO
298
EXTRA LARGE
311
LARGE
306
MEDIUM
251


Check the November USDA Commodity Report Calendar for today’s commodity reports released by USDA.

Now Monday’s Commodity Market ending market numbers for other commodities:

Corn
December Corn ended at $3.60 gaining 1 3/4 cent, March ended at $3.66 3/4 increasing 1 1/4 cent.
Soybeans
January Soybeans ended at 8.59 1/2 up 4 1/4 cents, March ended at $8.60 3/4 gaining 4 1/2 cents.
Wheat
December Wheat ended at $4.94 losing 1 3/4 cent, March ended at $4.95 1/2, decreasing 2 1/4 cents.
Rough Rice
January Rough Rice ended at 11.84 down 0.305, March ended at 12.10 losing 0.305.
Live Cattle
December Live Cattle ended at $127.675 decreasing $3.00 and February ended at $129.65 dropping $3.00 and April ended at $129.55 off $3.00.
Feeder Cattle
November Feeder Cattle ended at $172.30 losing $2.775 and January ended at $160.10 decreasing $4.45 and March ended at $156.925 down $4.00.
Lean Hogs
December Lean Hogs ended at $51.80 decreasing $3.00, February ended at $54.05 down $3.00
Class III Milk
November Class III Milk ended at $15.40 down $0.01, December ended at $14.82 dropping $0.24 and January ended at $14.95 decreasing $0.17.
#2 Cotton
December #2 cotton ended at 61.74 up 0.06, March ending at 62.61 gaining 0.62.
Sugar #11
March sugar #11 ended at 15.18 up 0.14 and May ended at 14.79 increasing 0.12.
Orange Juice
January Orange Juice ended at 153.55 gaining $0.60, March ending at 150.25 up $1.15.
http://agnetwest.com/2015/11/16/commodity-report-nov-16/

APEDIA Commodity News from India
 
Price on: 17-11-2015
Product
Benchmark Indicators Name
Price
White Sugar
1
CZCE White Sugar Futures (USD/t)
847
2
Kenya Mumias white sugar, EXW (USD/t)
691
3
Pakistani refined sugar, EXW Akbari Mandi (USD/t)
559
Raisins
1
Californian Thompson seedless raisins, CIF UK (GBP/t)
1700
2
South African Thompson seedless raisins, CIF UK (GBP/t)
1615
Guar Gum Powder
1
Indian 100 mesh 3500 cps, FOB Kandla (USD/t)
2190
2
Indian 200 mesh 3500 cps basis, FOB Kandla (USD/t)
1530
3
Indian 200 mesh 5000 cps, FOB Kandla (USD/t)
2630
Source:agra-net
For more info
Market Watch
Commodity-wise, Market-wise Daily Price on 17-11-2015
Domestic Prices
Unit Price : Rs per Qty
Product
Market Center
Variety
Min Price
Max Price
Rice
1
Alappuzha (Kerala)
Other
3800
3900
2
Solapur (Maharashtra)
Other
2115
5225
3
Dhing (Assam)
Common 
1700
2000
Wheat
1
Cherthala (Kerala)
Other
2350
2500
2
Nagpur (Maharashtra)
Other
1500
1640
3
Sainthia (West Bengal)
Other
1615
1640
Pine Apple
1
Chala (Kerala)
Other
2000
2060
2
Ropar (Punjab)
Other
1600
2000
3
Nagpur (Maharashtra)
Other
1000
2000
Cabbage
1
Barnala (Punjab)
Other
1000
1200
2
Shillong (Meghalaya)
Other
1500
1800
3
Samsi (West Bengal)
Other
990
1020
For more info
Egg
Rs per 100 No
Price on 16-11-2015
Product
Market Center
Price
1
Ahmedabad
386
2
Chittoor
375
3
Hyderabad
353
Source: e2necc.com
Other International Prices
Unit Price : US$ per package
Price on 16-11-2015
Product
Market Center
Origin
Variety
Low
High
Onions Dry
Package: 50 lb sacks
1
Atlanta
Washington
Yellow
19.50
22
2
Chicago
Nevada
Yellow
11
13
3
Dallas
Colorado
Yellow
14
17
Cauliflower
Package: cartons film wrapped
1
Atlanta
Mexico
White
23.25
23.50
2
Dallas
California
White
26.50
30
3
Miami
California
White
20
24
Grapefruit
Package: 4/5 bushel cartons
1
Atlanta
Florida
Red
17.50
18
2
Dallas
Florida
Red
23
23.50
3
New York
Florida
Red
26
26
Source:USDA
 
 
 
International Benchmark Price
Price on: 16-11-2015
Product
Benchmark Indicators Name
Price
Garlic
1
Chinese first grade granules, CFR NW Europe (USD/t)
2100
2
Chinese Grade A dehydrated flakes, CFR NW Europe (USD/t)
2000
3
Chinese powdered, CFR NW Europe (USD/t)
1800
Ginger
1
Chinese sliced, CIF NW Europe (USD/t)
4600
2
Chinese whole, CIF NW Europe (USD/t)
5100
3
Indian Cochin, CIF NW Europe (USD/t)
3000
Guar Gum Powder
1
Indian 100 mesh 3500 cps, FOB Kandla (USD/t)
2190
2
Indian 200 mesh 3500 cps basis, FOB Kandla (USD/t)
1530
3
Indian 200 mesh 5000 cps, FOB Kandla (USD/t)
2630
Source:agra-net
For more info
Market Watch
Commodity-wise, Market-wise Daily Price on 14-11-2015
Domestic Prices
Unit Price : Rs per Qty
Product
Market Center
Variety
Min Price
Max Price
Maize
1
Gadag (Karnataka)
Local
950
1439
2
Dahod (Gujarat)
Yellow
1400
1470
3
Khargone (Madhya Pradesh)
Other 
1151
1352
Paddy(Dhan)
1
Kasargod (Kerala)
Other
1700
1800
2
Bonai (Orissa)
Other
1410
1500
3
Sainthia (West Bengal)
Common
995
1015
Mousambi
1
Jagraon (Punjab)
Other
2400
3000
2
Sirsa (Haryana)
Other
3200
3200
3
Ahmedabad (Gujarat)
Other
1500
2800
Carrot
1
Bonai (Orissa)
Other
1000
2000
2
Nagpur (Maharashtra)
Other
1400
1800
3
Kattappana (Kerala)
Other
4400
4700
For more info
Egg
Rs per 100 No
Price on 16-11-2015
Product
Market Center
Price
1
Ahmedabad
386
2
Chittoor
375
3
Hyderabad
353
Source: e2necc.com
Other International Prices
Unit Price : US$ per package
Price on 16-11-2015
Product
Market Center
Origin
Variety
Low
High
Onions Dry
Package: 50 lb sacks
1
Atlanta
Washington
Yellow
19.50
22
2
Chicago
Nevada
Yellow
11
13
3
Dallas
Colorado
Yellow
14
17
Cauliflower
Package: cartons film wrapped
1
Atlanta
Mexico
White
23.25
23.50
2
Dallas
California
White
26.50
30
3
Miami
California
White
20
24
Grapefruit
Package: 4/5 bushel cartons
1
Atlanta
Florida
Red
17.50
18
2
Dallas
Florida
Red
23
23.50
3
New York
Florida
Red
26
26
Source:USDA

CME Group/Closing Rough Rice Futures   

 
CME Group (Prelim):  Closing Rough Rice Futures for November 17
Month
Price
Net Change

January 2016
$12.065
+ $0.225
March 2016
$12.325
+ $0.225
May 2016
$12.615
+ $0.225
July 2016
$12.865
+ $0.225
September 2016
$12.430
+ $0.225 
November 2016
$12.430
+ $0.225
January 2017
$12.430
 + $0.225

 

Shawarma the Syrian way at restaurant Reyan

Ali Fallaha brings a taste of Syria to Toronto at his Mississauga restaurant Reyan.

By: Corey Mintz Food, Published on Tue Nov 17 2015
For Ali Fallaha, life in Syria was pretty swell.That sounds counter-intuitive today given the current image of Syria is one of war and tragedy.But, during his years there before moving to Canada in 2006, Fallaha had it made in the shade.Graduating from the University of Damascus in 1980, he immediately found work as a geologist, examining locations for diamond mines. He began cooking for the long stretches in the field — 25 days at a time — and soon was bringing food for the whole team. He then began a side business making prepared meals, and later opened a clothing factory, then another one, producing leather shoes.

“My situation was at the top,” Fallaha tells me, as he sits down on a stool for a rest in the kitchen of his Mississauga restaurant Reyan. “Geologist, catering, I have my own business, my family, my house, my car. So I have everything. Life itself is good.”He had everything but the freedom to come and go.Fallaha was born in Syria but his parents were Palestinian.“I have the same right what Syrians have. I can study in the university for free. I get a job easy. But I have no travel documents.”His brother Mazen, a chemical engineer, lined up a good job prospect in Qatar, but couldn’t get permission to leave the country for the interview in Jordan, just a few hours drive. It took more than a month to get the documents to cross the border and in that time he lost the opportunity.Mazen applied for Canadian citizenship and added Ali’s name as well. At first Fallaha didn’t want to go. But in the five years between filing the request and being called for an interview, his attitude changed.
Description: Description: Fattet hummus, the most popular dish at Ali Fallaha's Mississauga restaurant Reyan.“My sister lived in Jordan. My aunt lived in Lebanon. It’s like 40 minutes from us. But we cannot cross the border. My brother said, ‘Do you remember when your sister’s husband died? Could you go there to stand behind your sister? You couldn’t. And don’t forget you have two boys. Think about your kids’ future. Stay and they will live as we live here.’”He only intended to stay in Canada long enough to help establish his children, before returning. Since he didn’t need to renounce his Syrian citizenship he was permitted to go. But life in Canada was hard at first.“I’m not happy when I came here. I try here to start as a geologist. But it doesn’t work. I am 48 years old. I graduate not from Canada. My English is not so good. And if I want to qualify it will take five years. I will be 55. Who will hire me?”

So he decided to switch to the restaurant business, working for two years, in an Italian restaurant and an Arabic restaurant, learning about Canadian tastes while saving money.He was not impressed by the shawarma here.“It is not shawarma,” he says of the pita loaded with onions, pickles and lettuce. “It’s shawarma Subway style. If I make it back home, like they make it here, I’d have no customers.” While working for someone else, he tried it his way, just a bit of garlic and pickles with the chicken. “But they didn’t accept that. It’s not my store. I cannot make what I want.”So in 2009 he took over the current property from a Sri Lankan restaurant. His brother, also unable to work in his field as a chemical engineer, helped out. At first, they served only shawarma and falafel.“But around me there became a lot of shawarma stores. Competition. I discuss this matter with my wife, Hazar.
 The real chef is my wife. She is the brains. Back in Syria, all people like her dishes. She teach me.”With his wife’s guidance, he added more Syrian style dishes — horrak osba’ao (a.k.a. “finger burner,” lentils and fried bread), basmashkat (a thin steak stuffed with ground beef, which Fallaha delights in untying at the table, for the customers) — and the business grew.“The Syrian kitchen is very famous in Arabic world. Lebanon is the first kitchen in appetizers. Kibbeh, tabbouleh, things like that. But,” he holds up a finger, “Syria, main course.”
One lamb for a girl
Sometimes a recipe isn’t about taste, but religious tradition. And sometimes it’s both.
The lamb in this pot is for aqiqa, the Islamic tradition of sacrificing and serving an animal for the birth of a child. So it had to be one year old, healthy and slaughtered in the name of the newborn.“For sons, you have to slaughter two lambs. For daughters, one,” says Fallaha. “Either sheep or lamb or cow or camel. If you don’t have money, chicken is good.” A further tradition is to invite less fortunate people to share the lamb.He asks if I know the story of Ibrahim. I was a bad Hebrew school student, reading X-Men under my desk. But even I remember Abraham, tested by God, asked to slay his son.
“After that, God gave him a big lamb and said slaughter this lamb instead of your son. He wanted to show Ibrahim how the son obeys the father and how the father obeys God. So that’s why we have the lamb.”This one, chopped into fist-sized chunks, has been boiled in a large pot for five hours with lots of cinnamon bark, and spice shakers filled with pepper, nutmeg, bay leaves and cloves (that way you get all the scent of the spices with none of the grit). Draining off the rich lamb stock, Fallaha uses it to cook the basmati rice.Pouring the fragrant rice onto trays, he tops it with the meat, placing the skull in the centre while I pick out any cinnamon sticks and loose bones, off of which the meat is falling.
He fills a separate bowl with rice and lamb for me. The fat is so soft you could spread it on toast for breakfast. The meat and rice are perfumed with the spices, none of them competing with the intensity of the flesh.A geologist by training, Fallaha is methodical in everything, from chopping an onion into exactly six pieces (eaten raw on a platter with pickles alongside the signature hummus dishes), to stirring Turkish coffee (you know it’s stirred when you no longer hear the echo of the spoon in the small pot) to mashing garlic in a mortar and pestle (though he also has a “new style” garlic press) to weighing out one gram spoonfuls of alkaline powder in the sauce for fattet hummus bez-zeit, chickpeas and dried pita served with a sauce made from whipping hummus, olive oil and chickpea boiling water into a froth.For falafel, he uses a small, handheld device: a brass rod with a circle at the end. Into the circle he packs the batter of chickpeas and spices, dabbing it with a thumbnail of sesame seeds.
 Like a syringe, he depresses a plunger on the rod and out pops a hoop of batter, a hole in the centre, dropping into a pot of oil.Holding up a finished falafel, he points to the centre hole of the dark brown chickpea doughnut, indicating how this allows the oil to circulate so the centre isn’t undercooked.There’s a note of homesickness as he describes the specificity of everything he does. But he’s proud to make it all from scratch, grinding his own beef, pickling his own turnips in beet juice. Wanting everything to be perfect, he moves slowly and deliberately, diners waiting patiently out front.“Reyan means ready to eat, from the sun and the earth,” says Fallaha, searching for the English word. “Ripe.”The lamb dish is available a la carte.But if you want to try some of Fallaha’s cooking and you don’t live in Mississauga, you can attend the Supper With Syria fundraiser at Wychwood Barns on Nov. 29, featuring Syrian food, music and culture. Proceeds go to support Lifeline Syria, an organization that helps settle Syrians in Canada. You can buy tickets at Torontoartscape.org.
Recipe: Fattet hummus
Wanting to simplify any recipe for publication, I’d usually list cooked, canned beans by volume, instead of soaking and boiling dry beans, which is always better. But in this case it’s essential, as you need the liquid from the boiling chickpeas for your sauce. And also the chickpeas will taste better. This is normally made with old bread that’s dried out on its own. I’ve included the steps for drying (you can toast it too) and frying it. But those are optional.
Ingredients
2 cups (500 mL) dried chickpeas
4 pieces pita
canola oil for frying
1 1/2 cups (375 mL) hummus
1/4 cup (60 mL) ghee
1/4 cup (60 mL) lemon juice
salt to taste
2 tsp (10 mL) sumac
2 tsp (10 mL) paprika
2 tbsp (30 mL) chopped parsley
1/2 cup (125 mL) pomegranate seeds
In a large container, cover chickpeas with water and soak overnight.
Slice the pita into nickel-sized bits. Place half on a tray to dry out. Fill a pot one-third with oil, heat to 325F/160C and fry remaining pita until crispy (about 1 minute). Remove with a slotted spoon and transfer to a paper towel to soak up excess fat.The next day, drain and rinse the chickpeas. Place in a medium pot covered with lightly salted water and bring to a light boil. When the chickpeas are soft (about 40 minutes), lower the heat to a simmer.
In another small pot, warm ghee to a simmer.
In a mixing bowl, combine hummus, lemon juice and 3/4 cup (180 mL) of the chickpea boiling water. Whisk and season to taste with salt.
Divide the dried pita between your four serving bowls. Add chickpeas and sauce in layers and stir. Spoon ghee over top. It will sizzle.
Garnish with sumac, paprika, parsley, fried pita chips and pomegranate seeds.
Makes four servings
by Corey Mintz
Email mintz.corey@gmail.com and follow @coreymintz on Twitter andinstagram.com/coreymintz
Correction: Last week’s column, about the kitchen at the Toronto Zoo, inaccurately identified potatoes, squash and carrots as being fed to “red river hawks,” when they are, in fact, fed to “red river hogs.” Dear red river hogs, with your white stripes and droopy ears, I regret the error.

 

VU celebrates Diwali


A diner takes a sample of vegetable pakoras Sunday evening at the Indian buffet at the Dewali celebration at Valparaiso University.
November 16, 2015 5:30 pm  • 
VALPARAISO | The triumph of light over evil and darkness was celebrated Sunday at Valparaiso University.
More than 300 guests gathered for the traditional Indian celebration of Diwali, the ancient Hindu festival of lights, an event sponsored by the campus’s Asian American Pacific Islander Coalition and the Valparaiso University Indiana Student Association.

The festival is normally celebrated “just before Thanksgiving,” said Carl Isada, the president of AAPIC at the university.Morgan Mitchell, who helped organize the event, said the event is celebrated in India for five days, and “illuminates the country” as the beginning of the Hindu year.Highlights of the evening included a traditional Indian buffet, which featured Indian delicacies such as vegetable pakoras, chicken and vegetable samosas, mater paneer, butter chicken, basmati rice, naan, cucumber raita, and dal makhani, with gulab jamun with rabri for dessert.Diners were entertained after dinner by VU student dancing groups, including Indian Cultural Fusion and the Naughty Nautankies.

Description: Description: Valparaiso University celebrates DiwaliIsada said AAPIC exists to cultivate a “welcoming and inclusive” atmosphere at the university and in the community.“We promote the appreciation, education, and celebration of diverse cultures through campus activities and events,” said Isada, a junior from Chicago.Many students wore traditional Indian garb in celebration of the event. Rachael Broadus, of Fishers, wore a dress a friend brought back from India, while her roommate, My Linh Mac, of Vietnam, wore a traditional lengha, or embroidered skirt and top she purchased online.“I grew up in different cultures,” said Mac, a senior in digital media.

“When I lived in Singapore, the Indian culture was one I grew up around.” VU students Kristine Tarmann and Brendan Flaherty enjoy being a part of VU’s diverse student body.“I love different cultures and want to show support for the office of international programs,” said Tarmann, of Minonk, Ill. “And I love Indian food. I’m a total foodie. ... I’ll try one of everything.”Flaherty tries to broaden his horizons to complement his upcoming degree in social work.“I try to become more culturally competent,” said Flaherty, of Chicago. “It’s a good idea in social work to gain more knowledge of different cultures.”
http://www.nwitimes.com/news/local/porter/vu-celebrates-diwali/article_2c2db970-e811-5675-bd77-bb86aec5146a.html





















18th November,2015 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

India Rice Procurement Receives Good Response in KMS 2015-16, Say Food Ministry Officials

Nov 17, 2015
Rice procurement, by the Food Corporation of India (FCI) and state government agencies, for the kharif marketing season (KMS) 2015-16 (October - September), which began on October 1, 2015 has received a good response from Indian farmers, according to the Financial Express.Procurement has been reasonably good despite a likely lower output this year due to below-average monsoon rains, according to some Food Ministry officials.The FCI and the government agencies together have procured around 12.22 million tons of rice as of November 16, 2015, up about 25% from around 9.7 million tons procured during the same period last year.
FCI officials told reporters that the higher procurement of rice can be attributed to a decline in prices of common variety of rice in various markets across the country. “The farmers prefer to sell their grain to agencies rather than giving it the private traders in Punjab and Haryana,” they were quoted.
In Punjab, which contributes the highest volume of rice and wheat to the central pool, the FCI and the state agencies have procured around 8.3 million tons of rice (milled equivalent of paddy) so far, compared to around 7.5 million tons procured last year. Agencies have procured around 2.8 million tons of rice (milled equivalent of paddy) compared to around 2.3 million tons last year. They reportedly procured 170,000 tons, 200,000 tons and 76,933 tons from Uttar Pradesh, Telangana and Kerala respectively.
Procurement is yet to begin in the states of Chhattisgarh, Odisha, West Bengal and Assam. The government of India fixed the minimum support price (MSP) of common variety of paddy at around $1,410 per quintal (around $213 per ton) and that of Grade A paddy at $1,450 per quintal (around $219 per ton) for the 2015-16 kharif season.
Based on the pace of procurement, the Food Ministry officials expressed confidence that the government may surpass the target of 30 million tons for KMS 2015-16. The FCI and government agencies procured 32 million tons of rice in KMS 2014-15.

Current El Nino Event Third Strongest Since 1950, Says WMO
Nov 17, 2015
The Word Meteorological Organization (WMO) is forecasts the El Nino weather phenomenon to strengthen by the end of this year, according to a news release on its website.The agency noted in the online statement that the current El Nino event is expected to be among the three strongest events since 1950. It stated that this event is the strongest in last fifteen years.It also noted that the three-month average of the surface-water temperatures in east-central tropical Pacific Ocean is likely to exceed 2 centigrade Celsius above normal.An El Nino event is characterized by severe droughts in Asian and South American countries and floods in North America.
Already extending drought conditions in Asia's top rice producing nations of Thailand, India, Indonesia and the Philippines are likely to lower the 2015 global rice output significantly. The drought conditions are likely to be extended till March 2016.

Lower Global Supplies Expected to Boost Thai Rice Exports, Prices in 2016, Says Commerce Ministry Official

Nov 17, 2015
Thailand will be able to export at least 9 million tons of rice in 2016 due to lower global rice supplies, local sources quoted the Commerce Ministry Permanent Secretary as saying.
The official noted that the government will sign a rice export contract with the Chinese government on December 19, under which Thailand will export the remaining 200,000 tons of rice to China. The contract is part of a government-to-government (G2G) deal signed last year with China to export one million tons of rice. Thailand exported 800,000 tons of rice to China under the contract. The Thai government will also sign a contract with Indonesia to export 500,000 tons of rice between December 2015 - March 2016, according to the official.
She also noted that lower supplies that are likely to result from lower production in most of the Asia's rice producing countries due to the El Nino weather phenomenon would lead to higher prices and better returns to farmers. Export prices of all varieties of rice, which have been declining since 2014, have started to pick up on concerns of lower production this year. The extending drought conditions are likely to lower the Thai paddy rice production to around 22.98 million tons in 2015-16, down about 30% from around 32.62 million tons last year.
The Thai Commerce Ministry is expecting Thailand to export around 10 million tons of rice in 2015. Thailand exported around 8 million tons of rice in January 1 - November 10, 2015, according to the Ministry.
Meanwhile, the Ministry is planning to continue to sell rice from its stockpiles next year also. The Commerce Permanent Secretary expressed confidence that the government would be able to clear the current 13 million tons of stockpiles over the next two years. Of the 13 million tons of stocks, about 6 million tons are judged as good quality, about 6 million ton are judged as lower quality that can be upgraded to mixed rice or used for industrial supply, and the remaining 700,000 tons are judged as rotten rice, which cannot be consumed and can only be sold for non-food industrial and biomass production.
The government has decided to suspend rice sales during the harvest period, which will continue until March 2016, to protect prices.

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

Nov 17, 2015
Vietnam rice sellers lowered their quotes for jasmine rice by about $15 per ton to around $450 - $460 per ton today. Other rice quotes remain unchanged today.
Thailand rice sellers have fixed quotes for Hom Mali rice from the new crop at around $725 - $735 per ton, down about $60 per ton from the quotes of old crop at around $785 - $795 per ton.
5% Broken Rice
Thailand 5% rice is indicated at around $350 - $360 per ton about $20 per ton discount on Vietnam 5% rice shown at around $370 - $380 per ton. India 5% rice is indicated at around $345 - $355 per ton, about $30 per ton premium on Pakistan 5% rice shown at around $315 - $325 per ton.
25% Broken Rice
Thailand 25% rice is indicated at around $345 - $355 per ton, about $10 per ton discount on Vietnam 25% rice shown at around $355- $365 per ton. India 25% rice is indicated at around $325 - $335 per ton, about $35 per ton premium on Pakistan 25% rice shown at around $290 - $300 per ton.
Parboiled Rice            
Thailand parboiled rice is indicated at around $350 - $360 per ton. India parboiled rice is indicated at around $335 - $345 per ton, about $70 per ton discount to Pakistan parboiled rice last shown at around $405 - $415 per ton.      
100% Broken Rice
Thailand broken rice, A1 Super is indicated at around $325 - $335 per ton, about $5 per ton discount to Vietnam 100% broken rice shown at around $330 - $340 per ton. India's 100% broken rice is shown at around $285 - $295 per ton, about $5 per ton premium on Pakistan broken sortexed rice shown at around $280 - $290 per ton.

FAO Forecasts Madagascar 2015 Paddy Production to Decline 6% y/y Due to Cyclones, Rainfall Deficits

Nov 17, 2015
In a special report released on Madagascar, the UN's Food and Agricultural Organization (FAO) forecasts the country's paddy production in 2015 to decline about 6% to around 3.7 million tons from around 3.94 million tons in 2014.
The FAO attributes the decline to the impact of two cyclones, which struck the country in January and February 2015, causing significant damage to crops and irrigation infrastructure, and resulting in the silting of arable land. In most regions, the cyclones were preceded and followed by rainfall deficits that negatively impacted on crop development and also resulted in limited cultivation of off-season crops, says the FAO.
Based on a survey by the a joint FAO/WFP Crop and Food Security Assessment Mission (CFSAM) and the Ministry of Agriculture and Rural Development, the FAO reports that the damage caused by the locust plague has been largely contained in 2015 by the implementation of the joint Government-FAO three-year programme (2013-16).
The agency, however found that farmers are largely concerned about the lack of quality seeds and complementary inputs, including fertilizers and pesticides at reasonable prices. The FAO reports that farmers are seeking short-cycle rice varieties as well as improved irrigation systems to enable them to grow more number of crops yearly.The FAO forecasts Madagascar to import 331,000 tons of rice in 2015.
 Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Bounce Higher as Market Continues to Trade in Sideways Range
Nov 18, 2015

Chicago rough rice futures for Jan delivery settled 22.5 cents per cwt (about $5 per ton) higher at $12.065 per cwt (about $266 per ton). The other grains finished the day with mixed results; Soybeans closed about 0.5% higher at $8.6400 per bushel; wheat finished about 1.7% lower at $4.8700 per bushel, and corn finished the day about 0.3% higher at $3.6800 per bushel.
U.S. stocks traded mostly higher in choppy trade Tuesday, as some encouraging earnings reports offset pressure from declines in oil prices. The reports break last week's trend of several disappointing retailer earnings last week. The major averages held higher in midday trade after earlier giving up opening gains. Energy traded more than half a percent lower after briefly falling more than 1%, following a reversal in oil prices after Monday's gains.
 In early afternoon trade, WTI crude fell over 2% to below $41 a barrel, while brent held about 1.8% lower to trade below $44 a barrel as focus returned to global oversupply. Crude settled up 2.45 percent Monday, boosted by geopolitical concerns following weekend terror attacks in Paris. Investors also eyed some speeches from Federal Reserve members ahead of Wednesday's release of the Fed meeting minutes.
In economic news, the consumer price index rose 0.2% in October, matching estimates. The so-called core CPI, which takes out food and energy costs, gained 0.2%. In the 12 months through October, core CPI increased 1.9%.In other data reports, home builder confidence fell more than expected to 62 in November. Industrial production for October showed a second-straight month of decline with a 0.2% drop, missing expectations for a slight rise. European stocks surged Tuesday, with the STOXX Europe 600 up more than 2%, as markets found confidence from euro zone data. Most major
Asian indexes closed more than 1% higher Tuesday, with only the Shanghai composite ending a touch lower. The rally followed gains of more than 1% in U.S. stocks Monday on the sharp jump in oil prices. In early afternoon trade, the Dow Jones Industrial Average gained 70 points, or 0.4%, to 17,553. The S&P 500 traded up 5 points, or 0.28%, to 2,058, with health care leading seven advancers and utilities the greatest decliner. The Nasdaq traded up 19 points, or 0.38%, to 5,003. Apple traded mildly higher. Gold is seen trading about 1.4% lower, crude oil is seen trading about 2.1% lower, and the U.S. dollar is seen trading about 0.3% higher about  1:00pm Chicago time.
Monday, there were 681 contracts traded, down from 985 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday increased by 88 contracts to 12,501.
Global Rice Quotes
November 18th, 2015

Long grain white rice - high quality
Thailand 100% B grade           360-370           ↔
Vietnam 5% broken     370-380           ↔
India 5% broken          345-355           ↔
Pakistan 5% broken     315-325           ↔
Myanmar 5% broken   405-415           ↔
Cambodia 5% broken 415-425           ↔
U.S. 4% broken           490-510           ↔
Uruguay 5% broken    535-545           ↔
Argentina 5% broken   530-540           ↔

Long grain white rice - low quality
Thailand 25% broken 345-355           ↔
Vietnam 25% broken   355-365           ↔
Pakistan 25% broken   285-295           ↔
Cambodia 25% broken            400-410           ↔
India 25% broken        325-335           ↔
U.S. 15% broken         500-510           ↔

Long grain parboiled rice
Thailand parboiled 100% stxd             350-360           ↔
Pakistan parboiled 5% broken stxd      405-415           ↔
India parboiled 5% broken stxd           335-345           ↔
U.S. parboiled 4% broken       590-610           ↔
Brazil parboiled 5% broken     545-555           ↔
Uruguay parboiled 5% broken             NQ       ↔

Long grain fragrant rice
Thailand Hommali 92%           725-735           ↔
Vietnam Jasmine         450-460           ↔
India basmati 2% broken         NQ       ↔
Pakistan basmati 2% broken    NQ       ↔
Cambodia Phka Mails 830-840           ↔

Brokens
Thailand A1 Super       325-335           ↔
Vietnam 100% broken             330-340           ↔
Pakistan 100% broken stxd     280-290           ↔
Cambodia A1 Super    355-365           ↔
India 100% broken stxd          285-295           ↔
Egypt medium grain brokens   NQ       ↔
U.S. pet food   330-340           ↔

Brazil half grain           NQ       ↔
 All prices USD per ton, FOB vessel, oryza.com

All contents have been shared with written permission of ORYZA.com with thanks