Tuesday, November 24, 2015

23rd November,2015 Daily Global Rice E-Newsletter by Riceplus Magazine-Latest Rice News Updates

PhilRice trains 20 out-of-school youth to learn rice farming


by  - 
THE Philippine Rice Research Institute (PhilRice) said it has recently trained 20 out-of-school youths (OSYs) in rice farming, equipping them with technical knowledge and skills, and a “positive” mind-set toward farming and agriculture.The 20 OSYs completed a seven-week training as part of the module under the Agricultural Development Officers of the Community (AgriDOCS) training program. The PhilRice said the participants were young people who went to farming after being forced to stop their education due to lack of resources.Arnaldo Bildua, one of the participants with seven years of experience in farming, said the training gave him a better understanding and appreciation for rice.
Bildua works for seed growers in Maligaya, Nueva Ecija. During the harvest season, he is hired to help in the drying, roughing and processing of seeds. But during other seasons, he said he is “left with nothing to do.”The 20-year-old farmer said the training encouraged him to go back to farming and made him realize that there is money in farming, especially in rice.Dr. Karen Eloisa T. Barroga, leader of Improving Technology Promotion and Delivery through Capability Enhancement of Next-Gen Rice Extension Professionals and Other Intermediaries (IPaD) Project, which implements the AgriDOC training program, said the project contributes to community transformation by engaging the community, especially the OSY-farmers.“It is a great challenge to engage the OSYs, who often work in the farm only for work’s sake. But, we know that farming will soon be in their hands.
So, we have to show them that it can be productive and profitable. We also encourage positive mind-set and engage them in entrepreneurial activities with the AgriDOCs to help ensure sustainability and resilience. Otherwise, they will leave farming, their families and their communities,” Barroga said in a statement.Barroga said the training could give the OSYs an advantage when applying for rice-related jobs, especially if they pursue certification from the Technical Education and Skills Development Authority (Tesda).Project IPaD is currently working with Tesda in developing training regulations for rice-production competency, she said.Among the rice farming topics shared with the OSY-participants included classifying organisms in the rice field, using the leaf color chart, a nitrogen diagnostic tool and doing an agro-ecosystem analysis to lessen chemical applications in fields.
Training the OSYs in rice farming communities is part of the PalayCheck and Palayamanan module of the AgRiDOC training under Project IpaD, which is funded by the Department of Agriculture National Rice Program through the Bureau of Agricultural Research.PalayCheck is an integrated crop management system for rice, while Palayaman is a diversified rice-based farming system coined from the words palay (rice) and yaman (wealth), the PhilRice said.
http://www.businessmirror.com.ph/philrice-trains-20-out-of-school-youth-to-learn-rice-farming/



Bulog's Steps to Increase National Rice Reserve  
MONDAY, 23 NOVEMBER, 2015 | 09:54 WIB
TEMPO.CO, Jakarta-The State-Owned Enterprise (SOE) Ministry has prepared five steps to strengthen the National Logistics Agency (Bulog) to increase national rice reserve. The strategy is part of the ministry’s agenda until 2019.Deputy for Business Infrastructure Sector of the SOE Minister Wahyu Kuncoro explained that Bulog’s first strategy is to work on agriculture. “But that doesn’t mean that Bulog will be farming,” he said in Jepara, Central Java, on Saturday, November 21.Bulog recommends that the government acquires new land.Second strategy is modernizing additional storage facilities. Wahyu said that the storage capacity owned by Bulog is just 3.9 million ton or equal to 6-7 percent.
“We will add this to become 15 percent.”Next, Bulog will absorb crops. Wahyu says the absorption through an offtake agreement is to give supply certainty for Bulog. “Fourth is the development of food distribution channels,” he said.The last strategy is reinforcing of Bulog function. Wahyu said Bulog will have its subsidiary in charge of distribution. The subsidiary will be integrated with two SOEs, PT Sang Hyang Sri and Pertani, as well as PHC. “Bulog will also be coordinating with SOEs of logistics and distribution function,” he said.
President Joko Widodo, accompanied Minister of State Owned Enterprises (BUMN), Rini Soemarno when arrived in Bulog warehouse, Sunter, Jakarta, October 2, 2015. Tempo/ Aditia Noviansyah

http://en.tempo.co/read/news/2015/11/23/055721348/Bulogs-Steps-to-Increase-National-Rice-Reserve

 

Guyana: rice earnings down as Venezuela pulls-out

Guyana’s rice exports increased by six per cent during up to October this year, compared with the same period in 2014, but a significant drop in the world market price for the product has resulted in reduced export earnings. Acting General Manager of the Guyana Rice Development Board (GRDB,) Nizam Hassan, said Guyana exported 437,448 metric tonnes of milled rice in the last 10 months, and 412,228 metric tonnes for that period in 2014.

But with Guyana not getting the higher than above market prices that it was getting with Venezuela – which has decided to stop buying rice from Georgetown – the dollar figures are not looking as good. “In 2014, almost 30 per cent of the market that we exported to was Venezuela, for which the country and the farmers were receiving higher than above world market prices for the rice and paddy they exported there,” he said. In 2014, Guyana received from Venezuela, US$480 per metric tonne of paddy. White rice, being traded now, ranges between US$390 and US$398 per metric tonne. This is compared to US$780 that was received by Guyanese exporters and millers for export of the same commodity to Venezuela last year.


Source: Caribbean 360


Rice Prices in East Java Continue to Rise
 
SATURDAY, 21 NOVEMBER, 2015 | 20:08 WIB
TEMPO.CO, Jakarta - A number of traders in Bojonegoro regency, East Java, estimated that the prices of various types of rice would continue to rise because the supply of rice produced by local farmers, including in Tuban, is almost running out."The price rice of rice can reach Rp 500 per kilogram before the harvest time,” said one of the rice traders at Banjarjo market in Bojonegoro, Nanang, on Saturday (21/11).Nanang also said that rice harvest in Tuban and other areas in East Java would be done in around three to four months."The prices of premium rice and rice for the poor have also risen in the past one week,” he added
http://en.tempo.co/read/news/2015/11/21/056721058/Rice-Prices-in-East-Java-Continue-to-Rise


Dry weather forecast to leave crops thirsty
HA NOI (VNS) — El Nino will last until next spring, the season when winter crops are harvested, and is expected to usher in higher-than-average temperatures, according to the National Centre for Hydro-Meteorological Forecasting.As a result, northern provinces are likely to face a water shortage and a warm harvesting season for winter-spring crops, the centre said.
El Nino is the warm phase of the El Nino Southern Oscillation (commonly called ENSO) and is associated with a band of warm ocean water that develops in the central and east-central equatorial Pacific.It is the longest El Nino period in the past 50 years, said experts from the centre.The amount of rainfall in the central area could be 30 to 60 per cent less than average. Unfavourable weather has sharply affected crop productivity since the beginning of the year. A serious drought in central areas rendered 49,000ha of agricultural land unsuitable for cultivation.The area in which summer-autumn rice was planted in northern provinces shrunk by 1.3 per cent compared with previous years, and the area of the winter crop shrunk by 13.6 per cent as of the beginning of November.Tran Xuan Dinh, deputy director of the Crop Production Department under the Ministry of Agriculture and Rural Development, told the Kinh te do thi (Economics and Urban) newspaper that this year's winter-spring crop is expected to face a water shortage.To minimise the consequences, Dinh said localities should give instructions about climate change and make farmers aware that they will face a warm season and drought so that they can plan accordingly.
Localities should change their crops and plant a variety of different crops.For instance, with warm weather, the farmers should use a short-term rice variety and cultivate it at the beginning of February next year.The Directorate of Water Resources asked provinces and cities to outline plans to cope with drought, namely plans to closely monitor water levels in ponds and rivers.Pham Khanh Ly, deputy director of the Department of Aqua culture under the Directorate of Fisheries, said the department has also instructed farmers to start breeding fish a month earlier than usual, beginning next month.The breeding density will be decreased by 10 per cent in order to prevent diseases caused by water shortages and overcrowding.

The Ha Noi People's Committee has asked districts to establish plans for the winter-spring crop that are suitable with the present water condition.Farmers should use a plant variety that needs little water to ensure productivity, Ly said, adding that irrigation systems should be operated regularly to remove water from the Hong (Red) River. — VNS
Illustrative Image- El Nino will last until next spring, the season when winter crops are harvested, and is expected to usher in higher-than-average temperatures.

Rice sector must adapt to global competition


November 23, 2015 10:02 pm
by JAMES KONSTANTIN GALVEZ, REPORTER

The Philippine rice industry will soon bear the brunt of global competition as quantitative restrictions may no longer be extended beyond 2017, the Philippine Rice Research Institute (PhilRice) said.At present, Manila limits the amount of rice allowed to enter via the so-called minimum access volume (MAV) scheme to 805,000 metric tons.The MAV sets the volume of farm produce allowed to enter the Philippines at reduced tariffs. Shipments outside the MAV are levied higher rates of 50 percent and require approval by the National Food Authority.

With the government no longer able to control the volume of imported grains once the QR is lifted, PhilRice said cheaper rice that is subject to a 35-percent tariff would compete in the local market.“Cheap imported rice will likely be sold in the Philippines, lowering the prices of local milled rice and palay. This, in turn, will force farmers to look for ways to reduce their cost of production to retain profit,” the grains research agency said.“If the QR were removed today and only 35 percent tariff remained as trade protection, local farmers will not be able to compete,” it added.

The Department of Agriculture, through PhilRice in collaboration with the International Rice Research Institute, conducted a cross-country study in 2013 that assessed the cost of producing palay among intensively cultivated and irrigated ecosystems in six countries: the Philippines (Nueva Ecija), China (Zhejiang), Indonesia (West Java), India (Tamil Nadu), Thailand (Suphan Buri) and Vietnam (Can Tho).Among the importing countries (Philippines, China, and Indonesia), Nueva Ecija had the least cost of producing dry paddy (at 14 percent moisture content and at P12.34 per kilo).

 Zhejiang’s and West Java’s were pegged at P13.99 and P16.21, respectively.Relative to exporting countries, however, it was still very expensive to produce in Nueva Ecija, with prices at only P8.87 per kilo in Tamil Nadu and P9.46 in Suphan Buri. It was cheapest to produce dry paddy in Can Tho at P6.50 per kilo.“There is a wide difference in land productivity. Can Tho produces three rice corps a year while Nueva Ecija only has two; high rice yield also contributes to lower unit cost in Can Tho while high labor cost due to manual labor in Nueva Ecija also contributes to higher cost of local palay,” PhilRice said.“The practice of direct seeding in crop establishment and the use of combine harvesters primarily, and dependence on family labor explain the lower labor cost in Can Tho.

In Nueva Ecija, transplanting, which is labor-intensive, remains popular together with manual harvesting and mechanized threshing,” it noted.PhilRice said the free use of water from state irrigation canals, greater volume of paddy output, more efficient handling and higher milling recovery were the key factors for Vietnam.“Clearly, from farm to market, rice in Nueva Ecija is far more expensive to produce than in Can Tho,” it said.Vietnam also in a much better position to export rice with 44 million MT of paddy for a population of 91.7 million, compared to 18.4 million MT for 98.4 million Filipinos.Relying on world market to meet the Philippines’ rice requirement would not be feasible, PhilRice said.“Given the country’s yearly total rice requirement of about 14.7 million MT rice, it will be impossible to rely solely on international trade to supply our rice needs,” it said.

“This means that we need to produce the bulk of the rice that we eat. We cannot count solely on imports,” it added.PhilRice said the Philippine government could actually ban imports and declare rice self-sufficiency but this would trigger an upsurge in rice prices, long queues, and a restive constituency.“With an ever-growing demand, rice imports are allowed to stabilize domestic rice prices. Indeed, food security is not just about producing enough supply but also ensuring its affordability to consumers,” it noted.To make local rice more affordable, the grains agency said that stakeholders should improve competencies, stressing that increasing rice yield was central to being competitive. It also said that there are already ways that could have an immediate impact.“This is where hybrid rice technology helps, coupled with appropriate crop management in our suitable areas.

Increasing availability and reliability of irrigation water, particularly in the dry season, will also lead to improved yield,” it said.In reducing cost, PhilRice the intensified use of labor-saving technologies such as combine harvesters and direct seeding was a step in the right direction. To alleviate rural labor displacement, jobs need to be generated outside the agriculture sector and improving the efficiency of milling and handling can also reduce the cost of processing and marketing rice.“We must invest in state-of-the-art rice R&D to create next generation technologies that would be future sources of yield growth,” it said.“We cannot allow the rice industry to die a natural death, but we also cannot afford to be complacent and continue to produce expensive rice. We should start our quest for rice competitiveness,” PhilRice said.
http://www.manilatimes.net/rice-sector-must-adapt-to-global-competition/230809/

Minister abused power in ST15 rice quota, says PAS

The rice subsidy scheme is open to abuse, says PAS today. – The Malaysian Insider file pic, November 23, 2015. The latest auditor-general’s report indicated that the agriculture and agro-based minister “abused his power” in providing quotas for the Super Tempatan 15 (ST15) rice, which was meant for the poor, PAS said today.The ministry recently announced that it was discontinuing the ST15 quota for 2016 because of leakage and wastage in the provision system. The A-G’s report, according to the Islamist party, also stated that the provisions were given to firms selected by the minister, and not through an open tender process.

“In short, the minister made the mistake, and the people are paying for that mistake,” said in a press conference at the Parliament lobby today.Mahfuz demanded an investigation into which minister who started the practice.Datuk Seri Ahmad Shabery Cheek is the current minister, while Datuk Seri Ismail Sabri Yaakob was the previous minister."We want to know when this practice started, and which minister started this," Mahfuz said.This goes to show that the minister chose all the wrong firms, which were not capable of ensuring that the subsidised rice went to those who were supposed to get it." – November 23, 2015.
www.themalaysianinsider.com/malaysia/article/minister-abused-power-in-st15-rice-quota-says-pas#sthash.tFpuyEus.dpuf



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
887
818
New Crop
888
843


Riceland Foods


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


Futures:
High
Low
Last
Change
Jan '16
865.25
844.25
864.25
+6.75
Mar '16
867.00
847.00
866.25
+5.75
May '16
873.25
853.50
872.75
+6.00
Jul '16
879.25
859.50
878.50
+6.00
Aug '16
880.25
861.75
880.25
+6.00
Sep '16
880.75
863.00
880.75
+6.25
Nov '16
885.50
867.50
885.00
+6.50
Jan '17
891.00
874.00
890.75
+6.25
Mar '17
894.75
+6.25

Soybean Comment

Soybeans ended higher today. Today's gains were surprising given the mediocre export inspections report and the elections in Argentina where the new president plans to reduce export barriers in an effort to increase exports and reduce their more than 500 million bu reserves. Soybean gains were the result of strength in both the wheat and corn markets and will likely be difficult to maintain long term. Soybeans continue to face a number bearish factors which will likely limit gains moving forward.


Wheat
High
Low
Cash Bids
485
475
New Crop
490
465


Futures:
High
Low
Last
Change
Dec '15
497.25
484.00
495.00
+6.50
Mar '16
499.75
486.00
497.75
+7.75
May '16
503.00
489.25
501.50
+8.75
Jul '16
506.00
492.00
505.25
+10.25
Sep '16
513.75
501.00
513.75
+10.50
Dec '16
528.00
515.50
527.25
+10.50
Mar '17
527.50
527.50
537.00
+10.25
May '17
540.75
+10.25
Jul '17
528.75
+4.50

Wheat Comment

Wheat prices closed higher today, but failed to break resistance at $5 in the December contract. While wheat remains under pressure from continued dismal exports, reported improvements in domestic demand remains supportive helping push prices higher in the near term. Longer term, wheat will need export demand to show signs of prolonged improvement before prices can maintain gains.


Grain Sorghum
High
Low
Cash Bids
374
297
New Crop
370
317



Corn
High
Low
Cash Bids
385
351
New Crop
390
357


Futures:
High
Low
Last
Change
Dec '15
367.50
360.00
367.25
+4.00
Mar '16
373.50
366.50
373.00
+3.25
May '16
378.75
372.25
378.50
+3.00
Jul '16
383.75
377.50
383.50
+2.75
Sep '16
387.25
381.50
387.25
+3.00
Dec '16
394.75
388.75
394.50
+3.25
Mar '17
403.50
397.25
403.25
+3.50
May '17
409.25
403.00
409.50
+3.75
Jul '17
413.75
408.00
414.00
+3.50

Corn Comment

Corn prices closed higher today as the market grows hopeful that lower prices have led to improved domestic demand. Friday's CFTC report showed significant gains in commercial net longs supporting hope for improved demand. Exports on the other hand continue to be bearish for corn as sales and actual exports remain well below year ago levels. While gains today pushed prices to their highest levels in weeks, there remains limited fundamental support to hold prices at these levels.


Cotton
Futures:
High
Low
Last
Change
Dec '15
60.95
59.72
60.16
0.12
Mar '16
63
61.45
61.6
-1.23
Dec '16
64.11
63.48
63.58
-0.71

Cotton Comment

March cotton was sharply lower in today's trade. The market is becoming increasingly concerned about the quality of the lint left in the field. Hard hit areas in the Southeast are now expecting to see acres abandoned. However, cheap synthetics will continue to limit the upside potential of the market. The next level of support for March is around 60 cents.


Rice
High
Low
Long Grain Cash Bids
Long Grain New Crop


Futures:
High
Low
Last
Change
Jan '16
1229.5
1203.0
1210.5
-2.5
Mar '16
1255.5
1232.0
1237.0
-2.5
May '16
1273.5
1268.0
1265.5
-2.5
Jul '16
1291.5
-2.0
Sep '16
1261.5
-2.0
Nov '16
1261.5
-2.0
Jan '17
1261.5
-2.0

Rice Comment

Rice futures ended lower after posting sharp gains in early dealings. January will have resistance near $12.50 on a rebound, while March has tough resistance at $12.75. Disappointing demand continues to weigh on futures, and the Asian market has also softened in recent weeks. USDA is now projecting the average long-grain price for the 2015 crop at $11.50 to $12.50.


Cattle
Futures:
Live Cattle:
High
Low
Last
Change
Dec '15
132.700
128.575
130.900
+1.200
Feb '16
135.025
130.900
132.800
+0.775
Apr '16
135.350
131.800
133.150
+0.400
Jun '16
126.175
123.150
124.450
+0.100
Aug '16
123.700
120.925
122.025
-0.050
Oct '16
125.025
122.675
124.000
+0.300
Dec '16
125.950
123.725
124.500
-0.200
Feb '17
125.050
124.000
124.925
+0.775
Apr '17
124.350
123.200
123.200
-0.400
Feeders:
High
Low
Last
Change
Jan '16
166.250
160.925
164.175
+0.525
Mar '16
164.000
159.375
162.650
+0.625
Apr '16
165.600
160.950
163.700
+0.100
May '16
166.075
161.725
164.000
-0.200
Aug '16
167.100
163.050
165.750
+0.200
Sep '16
165.175
162.500
165.175
+0.850
Oct '16
162.675
162.175
162.675
+0.500
Nov '16
160.750
160.000
160.750
+0.750

Cattle Comment

Cattle prices started this week out much different than last week. After a lower open and moving lower early, prices recovered and closed up sharply today. The market continues to try and recover losses from this month and get back to October highs.


Hogs
Futures:
High
Low
Last
Change
Dec '15
58.350
57.350
57.450
0.000
Feb '16
59.650
58.100
58.250
-0.075
Apr '16
64.550
62.875
62.900
-0.625
May '16
71.050
70.650
69.875
-0.025
Jun '16
74.925
73.250
73.350
-0.775
Jul '16
75.200
73.900
73.900
-0.725
Aug '16
74.725
73.625
73.675
-0.600
Oct '16
64.750
64.000
64.050
-0.400
Dec '16
62.350
61.600
61.600
+0.075

Hog Comment



Shell Eggs

National Turkeys

Delmarva Broilers

http://www.arfb.com/ag-markets-statistics/report/




Rice Prices

as on : 23-11-2015 08:10:59 PM
Arrivals in tonnes;prices in Rs/quintal in domestic market.
Arrivals
Price
Current
%
change
Season 
cumulative
Modal
Prev.
Modal
Prev.Yr
%change
Rice
Bangalore(Kar)
3685.00
56.54
153623.00
4200
4100
-14.29
Gadarpur(Utr)
2980.00
1.57
204412.00
1980
1900
3.13
Shahjahanpur(UP)
2828.30
28.48
68155.10
2115
2105
1.68
Pilibhit(UP)
1000.00
NC
20550.50
2195
2190
-3.52
Etawah(UP)
980.00
-10.91
13620.00
2260
2225
4.15
Samsi(WB)
600.00
20
21500.00
2800
2800
-9.68
Manjeri(Ker)
290.00
NC
13050.00
3000
3000
-9.09
Kanpur(Grain)(UP)
280.00
-6.67
24570.00
2140
2160
1.90
Karimganj(ASM)
200.00
900
1930.00
2250
2250
-8.16
Ballia(UP)
200.00
-20
17230.00
1990
1985
0.76
Gondal(UP)
189.60
140
32225.70
2110
2120
0.72
Azamgarh(UP)
175.00
-1.69
4631.00
2075
2070
-
Allahabad(UP)
170.00
21.43
14642.50
2275
2300
10.98
Bahraich(UP)
137.50
10
7995.50
2085
2085
2.21
Kalipur(WB)
115.00
4.55
5852.00
2000
2000
-14.89
Bindki(UP)
80.00
77.78
4106.00
2315
2315
12.38
Dhing(ASM)
75.00
-15.73
4842.70
1800
1800
-5.26
Howly(ASM)
71.50
93.24
3340.10
1450
1450
-14.71
Aligarh(UP)
70.00
NC
6095.00
2150
2160
7.50
Chorichora(UP)
70.00
40
1108.50
2050
2070
-0.73
Kiratpur(UP)
65.00
150
245.00
2250
2210
-
Dadri(UP)
55.00
22.22
3760.00
2060
2060
-5.07
Gauripur(ASM)
53.50
16.3
2856.00
4500
4500
NC
Junagarh(Ori)
49.62
2.69
2076.94
2200
2200
NC
Jaunpur(UP)
48.00
-4
4369.00
1990
1990
NC
Pandua(WB)
46.00
-9.8
3293.00
2250
2300
-13.46
Kalahandi(Dharamagarh)(Ori)
41.03
57.02
1334.08
2200
2200
NC
Dhilwan(Pun)
41.00
70.83
130.00
1750
1600
-
Cachar(ASM)
40.00
-33.33
3935.00
2700
2700
NC
Balrampur(UP)
40.00
60
2424.00
2100
2100
0.96
Dahod(Guj)
37.20
389.47
3149.60
3600
3700
-10.00
Udala(Ori)
37.00
-2.63
1711.00
2800
2800
16.67
Gazipur(UP)
36.00
12.5
3853.80
2025
2025
1.25
Ramgarh(Jha)
32.00
NC
376.50
2600
2600
NC
Lohardaga(Jha)
24.00
-4
1789.60
1700
1900
-7.61
Ghatal(WB)
22.00
-31.25
448.00
1840
1860
-
Firozabad(UP)
18.00
-18.18
899.00
2150
2010
5.91
Raiganj(WB)
18.00
12.5
1859.00
2730
2700
-
Ramkrishanpur(Howrah)(WB)
17.90
-4.28
1663.00
2400
2500
-22.58
Partaval(UP)
17.50
-41.67
1774.50
2025
2030
-0.49
Falakata(WB)
16.20
4.52
692.90
1925
1930
-
Muradabad(UP)
15.00
7.14
763.60
2230
2225
11.50
Kaliaganj(WB)
15.00
7.14
1641.50
2675
2600
-0.93
Champadanga(WB)
15.00
-16.67
787.00
2500
2500
-9.09
Medinipur(West)(WB)
15.00
7.14
1360.00
2280
2280
-12.31
Naugarh(UP)
13.00
-13.33
1053.00
2035
2035
2.78
Bijnaur(UP)
12.00
-20
816.00
2230
2240
-
Kolaghat(WB)
12.00
NC
629.00
2400
2400
-
Tamluk (Medinipur E)(WB)
12.00
NC
695.00
2400
2400
-
Madikeri(Kar)
10.00
42.86
47.00
1260
1543
-10.00
Cherthalai(Ker)
10.00
-16.67
586.00
2400
2300
2.13
Mannargudi(Ker)
10.00
NC
740.00
3100
3100
-
Chengannur(Ker)
8.00
NC
823.00
2500
2500
-13.79
North Lakhimpur(ASM)
7.70
-25.24
431.30
1900
1900
-
Unnao(UP)
6.00
-7.69
291.00
2175
2170
3.57
Karanjia(Ori)
5.60
12
478.40
2900
2900
16.00
Mohanpur(Tri)
5.00
NC
90.60
2900
2900
-
Mirzapur(UP)
5.00
-23.08
1131.50
1990
1995
1.02
Aroor(Ker)
4.00
NC
253.80
7100
6900
-25.26
Nimapara(Ori)
4.00
-11.11
324.30
2200
2200
NC
Fatehpur(UP)
4.00
100
2238.50
2260
2255
7.62
Islampur(WB)
4.00
29.03
319.10
2150
2150
-14.00
Melaghar(Tri)
2.80
-6.67
95.10
2350
2450
-12.96
Rahama(Ori)
2.70
-3.57
59.15
2300
2200
6.98
Gulavati(UP)
2.50
-16.67
84.50
2085
2080
3.73
Darjeeling(WB)
2.00
NC
129.00
2800
2800
-
Sardhana(UP)
1.50
50
81.90
2060
2060
-0.48
Mawana(UP)
1.00
NC
83.20
2060
2070
0.49
The Hindu

U.S. Rice Makes HealthCents for the Holidays


Eat Right, Think Rice
ARLINGTON, VA -- To encourage shoppers to cook with rice this holiday season, USA Rice is partnering with retail dietitians at Redner's, a mid-Atlantic grocery chain of 45 stores located across Pennsylvania, Delaware, and Maryland.Redner's HealthCents magazine is written by their corporate dietitian and is published six times throughout the year, providing shoppers with timely health and wellness themes as well as recipes and meal solutions.  The November/December issue prominently features U.S.-grown rice in a two-page spread titled "Eat Right, Think Rice."  The article includes U.S.-grown rice nutrition, versatility, and locally-grown messaging as well as the Think Ricelogo and USA Rice's new "Top 10 Reasons to Eat Rice Grown in the USA" infographic.

"The article also includes two USA Rice recipes, perfect for the holidays - a rice puddingand Maple-Glazed Turkey with Cranberry Arugula Rice," said Katie Maher, USA Rice director of domestic promotion.  "Both of these recipes showcase the versatility of rice and how it can be used from main dishes to dessert, and provide shoppers with new recipes to add to the table and even unique ideas on how to make holiday leftovers new again."The magazine will reach more than 10,000 shoppersin stores from November 8 - January 9, 2016 and is also available on Redner's website which receives more than 21,000 unique visitors per month.In addition, USA Rice's Maple-Glazed Turkey with Cranberry Arugula Rice recipe and U.S.-grown rice nutrition messages were included in the HealthCents section of Redner's weekly circular during November. 

To further encourage shoppers to try the recipe, the dietitian also created a bundle sale featuring Redner's private label U.S.-grown rice, cranberries, and turkey in the ad section.To top things off, dietitians are also promoting U.S. rice in stores through displays and recipe demonstrations.  For the month of November, the dietitian's HealthCents display features U.S.-grown rice and USA Rice's featured recipe was sampled for three days at TasteStation Sampling events in 30 higher traffic stores.Maher added, "These features work perfectly together - highlighting consistent messaging and the same recipe - to reiterate to shoppers to think rice while planning holiday meals."

Contact:  Deborah Willenborg (703) 236-1444



USDA to Collect Final 2015 Crop Production and Crop Stocks Data





WASHINGTON, DC -- As the 2015 growing season comes to an end, the U.S. Department of Agriculture's National Agricultural Statistics Service (NASS) will contact producers nationwide on the December Agricultural Survey to gather final year-end crop production numbers and the amount of grain and oilseed they store on their farms.  At the same time, NASS will survey grain facility operators to determine year-end off-farm grain and oilseed stocks.

"The December Agricultural Surveys are the largest and most important year-end surveys conducted by NASS," explained NASS's Louisiana State Statistician Nathan Crisp.  "They are the basis for the official USDA estimates of production and harvested acres of all major agricultural commodities in the United States and year-end grain and oilseed supplies.  Data from the survey will benefit farmers and processors by providing timely and accurate information to help them make crucial year-end business decisions and begin planning for the next growing and marketing season.  Producers not responding by mail or electronic data reporting (EDR) will be contacted by phone or in person."

The information will be compiled, analyzed and then published in a series of USDA reports, including the Crop Production Annual Summary and quarterly Grain Stocks report to be released January 12."Crop information reported by producers on the December Agricultural Survey will be included in the County Agricultural Production Survey and used in calculating local yields," explained Crisp.  "USDA uses yield information from the survey to evaluate and administer vital farm disaster mitigation and insurance programs such as Price Loss Coverage (PLC) and Agricultural Risk Coverage (ARC). 

Farmers who receive the December Agricultural Survey are not included in the County Agricultural Production Survey; therefore this is their only opportunity to be included in the calculation of statewide yields.  If you choose not to report, your unreported farm information may decide whether your locality has published yields which may be needed for calculating losses.   Localities that do not have enough reports and sufficient coverage of each commodity will not be published.  I encourage each producer to report their farm information so that each locality can be published."

As with all NASS surveys, information provided by respondents is confidential, as required by federal law.


CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for November 23  
Month
Price
Net Change

January 2016
$12.105
- $0.025
March 2016
$12.370
- $0.025
May 2016
$12.655
- $0.025
July 2016
$12.915
- $0.020
September 2016
$12.615
- $0.020
November 2016
$12.615
- $0.020
January 2017
$12.615
- $0.020



APEDA COMMODITY NEWS
International Benchmark Price
Price on: 19-11-2015
Product
Benchmark Indicators Name
Price
Apricots
1
Turkish No. 2 whole pitted, CIF UK (USD/t)
4875
2
Turkish No. 4 whole pitted, CIF UK (USD/t)
4375
3
Turkish size 8, CIF UK (USD/t)
3625
Raisins
1
Californian Thompson seedless raisins, CIF UK (GBP/t)
2422
2
South African Thompson seedless raisins, CIF UK (GBP/t)
2459
Sultanas
1
Australian 5 Crown, CIF UK (USD/t)
2940
2
South African Orange River, CIF UK (USD/t)
2610
3
Turkish No 9 standard, FOB Izmir (USD/t)
2125
Source:agra-net
For more info
Market Watch
Commodity-wise, Market-wise Daily Price on 21-11-2015
Domestic Prices
Unit Price : Rs per Qty
Product
Market Center
Variety
Min Price
Max Price
Rice
1
Mangalore (Karnataka)
Fine
2700
3280
2
Rayagada (Orissa)
Other
1700
1800
3
Samsi (West Bengal)
Fine 
2790
2820
Wheat
1
Soundati (Karnataka)
Local
1670
1670
2
Sangli (Maharashtra)
Other
1700
2800
3
Dahod (Gujarat)
147 Average
1750
1850
Papaya
1
Barnala (Punjab)
Other
2500
2900
2
Kangra (Himachal Pradesh)
Other
2400
2600
3
Bharuch (Gujarat)
Other
800
1250
Onion
1
Jatni (Orissa)
Other
3200
3600
2
Barnala (Punjab)
Other
1600
2200
3
Barasat (West Bengal)
Other
2800
3300
For more info
Egg
Rs per 100 No
Price on 21-11-2015
Product
Market Center
Price
1
Pune
385
2
Hyderabad
348
3
Nagapur
363
Source: e2necc.com
Other International Prices
Unit Price : US$ per package
Price on 19-11-2015
Product
Market Center
Origin
Variety
Low
High
Potatoes
Package: 50 lb cartons
1
Atlanta
Colorado
Russet
17
17.75
2
Chicago
Idaho
Russet
14
16
3
Detroit
Wisconsin
Russet
15
15.50
Cucumbers
Package: cartons film wrapped
1
Atlanta
Mexico
Long Seedless
14
14
2
Dallas
California
Long Seedless
17
18.50
3
Miami
Honduras
Long Seedless
10
10
Grapefruit
Package: cartons tray pack
1
Atlanta
Virginia  
Red Delicious
27
28
2
Dallas
Washington 
Red Delicious
24
24
3
New York
Washington
Red Delicious
25
28
Source:USDA






TPP will put U.S. on level playing field in Japan, USDA says


11/20/2015 - by World Grain Staff
WASHINGTON, D.C., U.S. — The U.S. recently concluded negotiations on the Trans-Pacific Partnership (TPP) with Japan and 10 other nations. Tom Vilsack, U.S. secretary of agriculture, arrived in Japan on Nov. 19 to m... [read more]

http://www.world-grain.com/articles/news_home/World_Grain_News/2015/11/TPP_will_put_US_on_level_playi.aspx?ID=%7B7B19261C-F707-4C71-A2AE-45A6B10E0704%7D

Monday, November 23, 2015

23rd November,2015 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magzine

Wholesale Basmati Rice Prices in India Increase sharply on Restricted Supplies

Nov 20, 2015
Wholesale basmati rice prices in India's capital increased by about Rs.500 per quintal (around $76 per ton) today due to increased demand from stockists against restricted supplies, according to the Press Trust of India (PTI).
Prices of common basmati rice increased to around Rs.5,400 - Rs.5,900 per quintal (around $819 - $894 per ton) from around Rs.5,000 - 5,400 per quintal (around $758 - $819 per ton) yesterday.
Prices of Pusa 1121 increased to around Rs.4,500 - 5,500 per quintal (around $682 - $834 per ton) from around Rs.4,200 - 5,000 per quintal (around $637 - $758 per ton) yesterday.
"Frantic buying by stockists against restricted supplies from producing regions and reports of a likely fall in kharif output mainly kept rice basmati prices higher," traders were quoted as saying.

Tags:

Asia Rice Quotes Remain Unchanged Today

Nov 20, 2015

Asia rice sellers kept their quotes unchanged from yesterday.
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 $335 - $345 per ton, about $20 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 $340 - $350 per ton, about $65 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.
Global Rice Quotes
November 20th, 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 335-345           ↔
Vietnam 25% broken 355-365           ↔
Pakistan 25% broken 290-300           ↔
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         340-350           ↔
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%          705-715           ↔
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

Pakistan May Soon Finalize Rice Exports to Indonesia, Philippines and Sri Lanka, Says Commerce Minister

Nov 20, 2015

Pakistan will shortly start exporting rice to Indonesia, Sri Lanka and the Philippines, local sources quoted the Federal Minister for Commerce.
The Minister informed the National Assembly that a rice export agreement has been finalized with Indonesia and an agreement with the Philippines is in final stage. He also noted that quality concerns with Sri Lanka have been sorted out and exports to the South Asian country will begin soon.
He assured the rice exporters that the Trade Development Authority of Pakistan (TDAP) is actively working to find new markets for Pakistani rice, especially basmati rice. He informed that negotiations are going on with South Africa, Russia, France, Angola and Germany. He also noted that efforts are being put to enhance exports to the existing markets.
The Minister noted that Pakistan exporters are holding surplus stocks of basmati rice due to a bumper crop and less exports. He noted that falling global rice prices and introduction of new low cost high yielding varieties by the international competitors also contributed to a fall in Pakistan's rice exports.
He also assured that the government would support the private rice exporters to solve the issue of rising stocks and falling exports. He noted that the Prime Minister announced a package of around Rs.350 billion (around $3.4 billion) to support farmers, especially rice growers.
Meanwhile, exporters are urging the government to quickly implement the new trade policy, which aims at increasing product sophistication and diversification, market access, institutional development and strengthening trade facilitation. It also aims to increase investment in research and development. It particularly aims at increasing basmati rice exports to Iran and Saudi Arabia. The agreement was approved by the Prime Minister in August this year but its implementation is being delayed, according to local sources.

Tags:

Oryza Weekly: Global Rice Quotes Decline Slightly on Stable Demand, Supplies

Nov 21, 2015
The Oryza White Rice Index (WRI), a weighted average of global white rice export quotes, ended the week at about $393 per ton, down about $1 per ton from a week ago and a month ago and down about $54 per ton from a year ago. Global rice supplies are expected to contract in the coming year but there are no signs yet of aggressive buying.
The USDA forecasts 2015-16 global rice production to be around 473.5 million tons, a decrease of about 1% from last year, due to an anticipated decline in acreage as well as a decline in average yields, which are likely to be affected by adverse weather conditions.  The USDA forecasts global rice acreage in 2015-16 at 159.2 million hectares, down slightly from 2014-15’s estimated 160 million hectares.  The USDA estimates 2015-16 global rice consumption and residual use at around 486.2 million tons, up about 1% from last year, and it estimates 2015-16 global rice ending stocks to decline by about 12% y/y to around 91 million tons. The USDA forecasts 2015 global rice trade at around 42.5 million tons, down about 800,000 tons from an estimated 43.4 million tons in 2014.
Thailand
Thailand 5% broken rice is today shown at about $355 per ton, down about $5 per ton each from a week and month ago, and down about $55 per ton from a year ago.
Beginning at the end of November, the government of Thailand plans to begin the sale of about 2 million tons of rotten rice from stockpiles.  It plans to sell around 37,413 tons of this rotten rice to industrial users on December 1.
The Commerce Ministry Permanent Secretary claims that Thailand will be able to export at least 9 million tons of rice in 2016 due to lower global rice supplies.
The Deputy Prime Minister of Thailand has defended the government’s stance to employ the liability law/administrative order to seek financial compensation from the accused in the rice pledging case, including the former Prime Minister, as “fair” and straightforward.
The Thai police have detained a convicted rice trader, Wittayakorn Thongsean, at the airport after getting information that he was fleeing to Laos.
Vietnam
Vietnam 5% broken rice is today shown at about $375 per ton, unchanged from a week and a month ago, and down about $105 per ton from a year ago.
Cambodia
Cambodia 5% broken rice is today shown at about $420 per ton, unchanged from a week and a month ago, and down about $40 per ton from a year ago.
Myanmar 5% rice is today shown at around $410 per ton, unchanged from a week and a month ago.
India
India 5% broken rice is today shown at about $350 per ton, unchanged from a week and a month ago, and down about $65 per ton from a year ago.
Wholesale basmati rice prices in India's capital firmed up this week due to increased demand from stockists against restricted supplies.
India’s rice export earnings declined sharply in the first six months of FY 2015-16 (April-September), a decrease of about 17% from the same period in FY 2014-15.  This decline is despite an increase in export tonnage by about 5%, and is due to a sharp decline in average export prices.
Wholesale basmati rice prices in India increased by about Rs.300 per quintal (around $45 per ton) Thursday due to increased demand and lower supplies.
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has warned that domestic prices of rice may increase sharply in the coming months due to a likely lower output from the 2015 kharif rice crop as well as declining stocks in the central pool.
Food Ministry officials say that rice procurement by the Food Corporation of India and state government agencies for the kharif marketing season 2015-16 (October-September), which began on October 1, has received a good response from Indian farmers.
Pakistan
Pakistan 5% broken rice is today shown at about $320 per ton, unchanged from a week ago, up about $10 per from a month ago, and down about $75 per ton from a year ago.
Pakistan will shortly start exporting rice to Indonesia, Sri Lanka and the Philippines. The Commerce Minister informed the National Assembly that a rice export agreement has been finalized with Indonesia and an agreement with the Philippines is in final stage. He also noted that quality concerns with Sri Lanka have been sorted out and exports to the South Asian country will begin soon.
Central & South America
Five per cent broken rice from Uruguay and Argentina is today shown at about $535 per ton, unchanged from a week and a month ago, and down about $65 per ton from a year ago.
Brazil 5% broken rice is today shown at about $500 per ton, unchanged from a week and a month ago and down about $50 per ton from a year ago.
The Brazilian paddy rice index maintained by the Center for Advanced Studies on Applied Economics (CEPEA) reached around 40.22 real per 50 kilograms as of November 17, 2015, down about 2% from around 40.98 real per 50 kilograms recorded on November 10, 2015.  In terms of USD per ton, the index reached around $218.98 per ton on November 17, 2015, slightly up from around $218.05 per ton recorded on November 10, 2015.  Month-on-month, the index has increased about 1.5% from about 40.58 real per 50 kilograms. In terms of USD, the index increased about 4% during the month.
U.S.
U.S. 4% broken rice is today shown at about $500 per ton, unchanged from a week and a month ago and down about $45 per ton from a year ago.
Chicago rough rice futures for January delivery reached both their weekly high ($12.200 per cwt or about $269 per ton) and their weekly low ($11.745 per cwt or about $259 per ton) on Tuesday.  Futures were mostly sideways this week and closed at $12.115 per cwt (about $267 per ton).
The U.S. cash market for rice was mostly unchanged this week as traders awaited news regarding the Iraqi Grain Board’s tender award.
Other Markets
Paddy rice output in 2015 in the Philippines is likely to reach about 18.3 million tons, down about 3.54% from in 2014, due to extending dry weather conditions brought about by the El Nino phenomenon and a series of typhoons.
The average prices of medium quality rice in Indonesia have reached a record Rp 10.414 million (around $750) per ton on concerns of lower paddy output and consequent lower stocks, according to the UN’s FAO. The Indonesian government plans to import around 500,000 tons of rice from Pakistan in order to increase the buffer stocks and protect prices from increasing. Indonesia's paddy rice output in 2106 is expected to be lower than that in 2015 as planting operations for 2015-16 main season rice crop (September - March) are being delayed due to El Nino-induced drought conditions this year
The USDA Post estimates Jordan’s 2015 rice imports to increase 30% y/y to around 196,000 tons, due to increasing demand.
The UN’s FAO forecasts Madagascar’s paddy production in 2015 to decline about 6% y/y to around 3.7 million tons.
The Gambia government has deferred its plans to ban rice imports until September 2016.
Nigeria is seeking the support of the Chinese government to strengthen its rice milling sector, which is requisite to boost the country's rice production and avoid imports. The Nigerian government is planning shortly strike a deal with China to set up 40 rice mills, with a milling capacity of about 100 tons per day, in the country.
Italian paddy rice prices, which were quite low in the last week of September last week and first week of October, have started increasing from the second week of October and are continuing the pace. While prices of Japonica increased to a relatively higher extent in the earlier weeks of this crop year (September 2015 – August 2016), prices of Indica have mostly increased during the week November 10 - November 17, 2015.

Nigeria Seeks Chinese Support to Strengthen Rice Milling Sector

Nov 20, 2015

Nigeria is seeking the support of the Chinese government to strengthen its rice milling sector, which is requisite to boost the country's rice production and avoid imports. The West African nation is negotiating with the China's state Import and Export Bank in this regard, according to Reuters.
The Nigerian government is planning shortly strike a deal with China to set up 40 rice mills, with a milling capacity of about 100 tons per day, in the country, Reuters quoted the new Agriculture Minister. He noted that the government plans to import required equipment to build rice mills from China under this deal.
The newly elected government is reportedly continuing with the plans of the previous government.
The Minister also told that the government will support the farmers financially by providing central bank loans at half the interest rate charged by the commercial banks.
Nigeria is the world's second largest importer of rice and imports over half of its annual rice consumption demand. Nigeria produced around 2.9 million tons in 2014, about 52% higher than around 1.9 million tons produced in 2013. The government of Nigeria is aiming to attain self-sufficiency in rice production in the next two years and stop imports.
USDA estimates Nigeria to produce around 2.709 million tons of rice and import around 3 million tons of rice in MY 2015-16 (October – September) to meet a consumption demand of around 6 million tons.

Planting Delays May Lower Indonesia's Paddy Rice Output in 2016, Says Farmers Association

Nov 20, 2015

Indonesia's paddy rice output in 2106 is expected to be lower than that in 2015 as planting operations for 2015-16 main season rice crop (September - March) are being delayed due to El Nino-induced drought conditions this year, local sources quoted the Chairman of Indonesian Farmer Seed Bank Association (AB2TI).
The official told local sources that only 15% of the Association's members could plant rice on scheduled time in October, and mostly in irrigated areas. About 23% will begin planting this month and about 62% will begin planting only in December, two months later than the regular schedule. 
The Association assists smallholding farmers by providing seeds and improving agriculture techniques and practices.
The Central Statistics Agency (BPS) was forced to cut its estimates for 2015 paddy rice output by about 560,000 tons to around 74.99 million tons due to the extending dry conditions.
The government reportedly secured about 1.5 million  tons of imports from Thailand and Vietnam to maintain adequate stocks and curb price hikes.
However, the Vice-President this week told the Asia-Pacific Economic Community (APEC) forum that the government may not need to import rice next year if the weather improves.

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Rally to Finish Week with Slight Gain after Back-and-Forth Action

Nov 21, 2015

Chicago rough rice futures for Jan delivery settled 28.5 cents per cwt (about $6 per ton) higher at $12.130 per cwt (about $267 per ton). The other grains finished the day lower; Soybeans closed about 0.3% lower at $8.5750 per bushel; wheat finished about 0.5% lower at $4.9000 per bushel, and corn finished the day about 0.1% lower at $3.6975 per bushel.
U.S. stocks traded higher Friday, helped by gains in retail stocks, as investors looked to central banker comments on the trajectory of monetary policy. Ahead of the open, European Central Bank President Mario Draghi said the ECB stands ready to "do what (it) must to raise inflation as quickly as possible" if it decides current policy isn't stimulating the sluggish euro zone economy. Fed Vice Chairman Stanley Fischer said after the close Thursday that "some major central banks" could move away from near-zero interest rate policy "in the relatively near future." The major averages are on track to close the week with gains of about 3.5%. U.S. stocks closed a touch lower Thursday, holding the bulk of Wednesday's post-Fed minutes gains. On the data front, the Kansas City Fed manufacturing index came in at positive 1 for November, up from minus 1 in October and minus 8 in September. In afternoon trade, the Dow Jones industrial average traded up 83 points, or 0.5%, to 17,815. The S&P 500 traded up 8 points, or 0.4%, to 2,089, with consumer discretionary leading six sectors higher and energy the greatest laggard. The Nasdaq composite gained 29 points, or 0.58%, to 5,103. Gold is seen trading about 0.1% lower, crude oil is seen trading about 1.7% higher, and the U.S. dollar is seen trading about 0.6% higher at about  1:00pm Chicago time.

Thursday, there were 2,016 contracts traded, up from 314 contracts traded on Wednesday. Open interest – the number of contracts outstanding – on Thursday increased by 277 contracts to 12,696


Contents have been published with permission of ORYZA.com with Thanks.All Contents are exclusive property 
of ORYZA.com