Thursday, December 31, 2015

30th December 2015 Daily Global Rice E-Newsletter by Riceplus Magazine-Latest Rice News Updates

Today Rice News Headlines...
·         RiceBran Technologies and Kentucky Equine Research Sign Exclusive Supply and Cooperation Agreement for North American Equine Market
·         Hyderabad scientist develops iron rich rice
·         Govt’s rice procurement increases 31% to 18 MT
·         S. Korea seeks rice supply-demand balance in 2018: gov't
·         Shipments of organic rice picking up steam
·         Government announces measures to sell tonnes of stored paddy
·         Arkansas Farm Bureau Daily Commodity Report
·         Ukraine decreases imports of rice in 2015/16 season
·         Select grains remain up on rising demand
·         Farmers benefit from duty hike on rice imports
·         Thai Cabinet gives green light to increased compensation for rice traders
·         Rice exports down in first 11 months
·         APEDA Rice Commodity News
·         Transcriptional profiling of the leaves of near-isogenic rice lines
·         SC ruling against Bt Talong cripples food security, hurts farmers - science students


RiceBran Technologies and Kentucky Equine Research Sign Exclusive Supply and Cooperation Agreement for North American Equine Market

World Leader in Equine Nutrition Partners with Technology Leader in Rice Bran Stabilization and Processing


SCOTTSDALE, Arizona, December 30, 2015 /PRNewswire/ --
RiceBran Technologies (NASDAQ: RIBT and RIBTW) (the "Company" or "RBT"), a global leader in the production and marketing of value added products derived from rice bran, today announced that the Company has entered into a 10 year Exclusive Supply and Cooperation Agreement covering the North American equine market with Kentucky Equine Research ("KER"), an international equine nutrition, research, and consultation company serving horse owners and the feed industry.Under the terms of the agreement, RBT will be the exclusive supplier of stabilized rice bran ("SRB") endorsed by KER for use as a feed and supplement ingredient in equine products sold in North America. RBT will provide manufacturing, distribution, sales and marketing expertise and KER will contribute sales and marketing expertise, technical support and research and development to the partnership.

Dr. Joe Pagan, President and Founder of KER, commented: "We are excited to enter into this agreement with RiceBran Technologies. In addition to RBT being the technology leader in rice bran stabilization, their patented processes produce a range of unique rice bran derivatives that we will jointly develop with the aim of producing high value equine supplements with targeted nutritional applications."W. John Short, CEO & President of RBT, commented: "Dr. Pagan has built KER into the leading equine nutrition company in the world.  It is a pleasure and an honor to have the opportunity to cooperate with Joe and KER to increase market penetration for both of our companies as we work to bring new, high value equine feeds and supplements to the North American equine market."
About Kentucky Equine Research 
Kentucky Equine Research (KER) is an international equine nutrition, research, and consultation company serving horse owners and the feed industry.  KER's goals are to advance the industry's knowledge of equine nutrition and exercise physiology, apply that knowledge to produce healthier, more athletic horses, and support the nutritional care of all horses throughout their lives.  For more information about KER, please visit https://ker.com .
About RiceBran Technologies  
RiceBran Technologies is a human food ingredient and animal nutrition company focused on the procurement, bio-refining and marketing of numerous products derived from rice bran. RiceBran Technologies has proprietary and patented intellectual property that allows us to convert rice bran, one of the world's most underutilized food sources, into a number of highly nutritious human food ingredient and animal nutrition products.  Our target markets are human food ingredients and animal nutrition manufacturers and retailers, as well as natural food, functional food and nutritional supplement manufacturers and retailers, both domestically and internationally. More information can be found in the Company's filings with the SEC and by visiting our website athttp://www.ricebrantech.com .
Forward-Looking Statements 
This release contains forward-looking statements, including, but not limited to, statements about RiceBran Technologies' expectations regarding recovery of funds from an escrow account related to the 2008 purchase of Irgovel. These statements are made based upon current expectations that are subject to known and unknown risks and uncertainties.  RiceBran Technologies does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information.  Assumptions and other information that could cause results to differ from those set forth in the forward-looking information can be found in this press release and in RiceBran Technologies' filings with the Securities and Exchange Commission, including its most recent periodic reports.
Investor Contact:

Ascendant Partners, LLC
Fred Sommer
SOURCE RiceBran Technologies
Hyderabad scientist develops iron rich rice
 December 31,2015, 01.42 AM  IST | THE HANS INDIA
Study shows college students had improved levels of haemoglobin after consuming the new variety
Hyderabad: The health-conscious lots who have been constantly worrying about the lack of iron content in polished rice, consumed by most of us as a staple food, have good tidings.A Hyderabad-based scientist from the Indian Institute of Rice Research (IIRR) has developed a new variety of ‘iron-rich rice’ to address iron deficiency among rice eaters.It may be mentioned here that the deficiency in iron is largely responsible for anaemia, especially among women.“Like the polished rice available in the market, there is no significant difference in the appearance, odour, tenderness and taste of the iron-rich rice,” said Dr M Mohibbe Azam, Principal Scientist in the Crop Improvement Section, who developed the new variety of rice at the IIRR.
According to the National Family Health Survey 2005-06, prevalence of anaemia in India is 70 per cent among children (6-59 months), 55 per cent among women (15-49 years) and 24 per cent among men (15- 40 years).In general, the iron content in polished rice is between four and five parts-per-million (PPM). However as per the recommendations of the Indian Council of Medical Research (ICMR), an adult should consume around 21 milligrams to 28 milligrams of iron per day.“We had started our research with an aim to providing fortified iron to lower income groups, who are mostly anaemic,” he says. Although many countries have worked on iron fortified rice, Dr Azam said, “The problem with coated rice is that the iron gets lost when it is rinsed.”
“Then we thought why not fortify the rice in such a way that the iron gets inside the grain, and there would be no problem with milling and washing,” he explained. As a result, parboiling method has been adopted to ensure that the iron content is secured inside the grain. In parboiling, the mineral present on the surface would be retained inside and iron would be distributed uniformly all over the grain. Thus, there would be no considerable loss of iron when rinsed or cooked in excess water, he said.

A kilogram of the new variety of rice contains 35 milligram of iron. Upon conducting a study among anaemic students, it was revealed that the haemoglobin levels of the students have gone up significantly from 6.77 to 10.36 gm/dl (grams per decilitre). “We fed anaemic college students with 100 gram of iron fortified rice thrice a week for two months. We have seen this significant improvement in their haemoglobin levels,” Dr Azam said.Another interesting feature is that normal rice, which has a thin coat of oil, is vulnerable to oxidation process leading to generation of free radicals, which have a harmful effect on consumers. Unlike this, the new variety with the iron infused inside the grain, there is no possibility of the formation of free radicals making is a healthy proposition.“Fortification of rice can be carried out at the existing rice mills with an extra cost of Rs 1 per kg which includes the iron to be infused with the rice,” Dr Azam said.

http://www.thehansindia.com/posts/index/2015-12-31/Hyderabad-scientist-develops-iron-rich-rice-196808

 

Govt’s rice procurement increases 31% to 18 MT

 

Higher figures due to fall in prices of common variety in mandis

By: Sandip Das | December 30, 2015 12:08 AM
Despite a prospect of a lower output this year because of a deficient monsoon, the rice procurement by Food Corporation of India (FCI) and state government-owned agencies in the kharif marketing season (2015-16) has seen a sharp increase of more than 31% so far in comparison to last year.The government agencies have purchased more than 18 million tonne (MT) of rice equivalent of paddy since October 1 (when new procurement season began) till Tuesday, compared to 13.76 MT rice purchased from  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 sold grain to government agencies rather than giving it the private traders in Punjab and Haryana, where procurement operations have completed,” an official said. Even basmati paddy prices is selling in the range of Rs 2,200 to Rs 2,800 per quintal in the mandis across Punjab and Haryana, while two years back the prices were around Rs 4,000 per quintal.

According to the latest data, of the total rice equivalent of paddy procurement in Punjab, the agencies have purchased 9.3 MT of rice from the farmers till now, thus surpassing even the target of 8.8 MT for the 2015–16 marketing season. In Punjab, which contributes the highest volume of rice and wheat to the central pool, 7.7 MT of rice was purchased during same period last year. In Haryana, 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 (7.6 lakh tonne), Telangana (8.3 lakh tonne), Kerala (1.08 lakh tonne), among others. Even in Chhattisgarh, where the state government carries out the purchase of paddy from farmers, state agencies have purchased 1.7 MT of rice while in Odisha, more than 4 lakh tonne has been purchased till now.
Food ministry officials say that if the current trend continues, the overall rice procurement during the 2015–16 period would surpass the target of 30 MT. The agencies had purchased 32 MT of rice till in this period in the 2014-15 marketing year (October-September). Agencies buy paddy from the farmers, then the grain is given to millers for conversion into rice.  The Cabinet Committee on Economic Affairs (CCEA) in June had increased the minimum support price (MSP) of the common variety of paddy by R50 to R1,410 per quintal for the 2015-16 kharif season. The hike in MSP was in line with the 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.
First Published on December 30, 2015 12:08 am

S. Korea seeks rice supply-demand balance in 2018: gov't

2015/12/30 13:34
SEJONG, Dec. 30 (Yonhap) -- South Korea is seeking a balance between the supply and demand of rice by 2018 through a gradual reduction in the size of paddies and expanding consumption, the government said Wednesday.The Ministry of Agriculture said it wants to reduce the amount of arable land set aside to grow rice from 799,000 hectares this year to 711,000 hectares in 2018. This is significantly smaller than the expected 749,000 hectares of paddies that would be in service even if no action is taken.

It said that in the next three years the government wants to increase annual per capita rice consumption to 58.1 kilograms. This is smaller than the 65.1 kg estimated for 2015, but higher than the 57.4 kg projected if no measures are taken.In addition to reducing the size of arable land and fueling consumption, the government will reduce the size of rice held in reserve from 1.63 million tons as of November 2015 to just 800,000 tons in October 2018. Smaller reserves translate into lower costs for the government that has to maintain them."There is a need to deal with imbalance in supply and demand," said Deputy Agriculture Minister Oh Kyung-tae. He pointed out that in the last 10 years, Asia's fourth largest economy on average produced 280,000 tons of rice per year more than it consumed.

"If no measures are taken it will still produce 240,000 tons of rice per year more than it needs," the official said.As part of this effort, the ministry said it will encourage farmers to raise non-rice produce on their lands, ask them to produce more high-quality, lower-yield grains, and get private-sector rice-producing plants to nudge farmers to follow state policy.To increase demand, the government will move to use more rice to make livestock feed and alcoholic beverages.In the past, when South Korea did not produce enough rice, such practices were not allowed.

To further increase demand, the government will support the export of processed food that uses rice as a base ingredient.In the move to lower rice reserves the government plans to release more grain for animal feed and lower prices of rice given to the socially disadvantaged.The agriculture ministry said that by taking such action, the government can save upwards of 300 billion won (US$256 million) on expenses and help stabilize the prices of the staple grain, which can help farmers.

http://english.yonhapnews.co.kr/business/2015/12/30/0501000000AEN20151230004600320.html

Shipments of organic rice picking up steam

Wed, 30 December 2015
Cambodian rice millers and exporters are increasingly eyeing the export of organic rice to the European Union and the United States, after shipments of this niche product increased this year.Hean Vanhan, deputy general director of the general department of agriculture, said that organic rice exports were considerably small compared to export of other varieties of rice, with the Kingdom exporting only 2,800 tonnes for the first 11 months of the year. Exports for the more popular varieties of rice was close to 457,000 tonnes this year.“We cannot put much focus on organic rice because the yield of organic paddy is lower than normal rice,” he said. “And only farming organic rice will not give farmers much income.

”Vanhan said that given the higher cost of organic rice, there were only a few markets that could afford this rice, including the US and some EU members. He added that while it was assumed that organic rice was safe and healthy, other varieties sold by the Kingdom were equally safe.Amru Rice, one of the major rice exporters in Cambodia, started exporting organic rice this year and has so far shipped 1,100 tonnes to the EU and US. It sees potential in this new market, according to the firm’s CEO Song Saran.
A farmer harvests rice at a farm in Battambang province earlier this year. Heng Chivoan

“Cambodia has land and labour resources to grow organic rice,” he said, adding that his firm would look to increase shipments to 3,000 tonnes next year.He added that given the price of such rice was higher, almost $700 to $1,300 per tonne, farmers could see higher margins on these sales, around 20 to 30 per cent.Amru Rice is currently sourcing its rice from the Preah Vihear district, after signing a deal with eight farmer cooperatives in the province to purchase 2,500 tonnes of organic fragrant paddy rice.

As consumer and buyer confidence in Cambodia’s organic rice grew, Yang Phirom, a business adviser with the Cambodian Center for Study and Development in Agriculture, said exports had increased by 270 tonnes this year to 746 tonnes.“Consumers now trust the quality of our organic rice, which means that demand is increasing,” he said. “Not only in the international market, but also in the domestic market too.”While the domestic market accounted for 26 per cent of CEDAC’s rice sales so far this year, 34 per cent went to the US, 15 per cent to the Netherlands and 11 per cent to France.
Contact author: Cheng Sokhorng

Government announces measures to sell tonnes of stored paddy

The Paddy Marketing Board says that the measures are being taken to sell paddy stocks in state storage facilities.The measures come amidst plans to purchase paddy which is harvested in the Maha season.Board chairman M.B Dissanayake said that the Nadu in storage facilities will be sold off following advice provided. He noted that 250,000 metric tonnes of paddy are currently in storage facilities

Arkansas Farm Bureau Daily Commodity Report
Rice
High
Low
Long Grain Cash Bids
Long Grain New Crop


Futures:
High
Low
Last
Change
Jan '16
1175.5
1101.0
1166.5
+60.5
Mar '16
1203.0
1123.5
1193.5
+61.0
May '16
1215.0
1159.0
1222.0
+60.5
Jul '16
1237.0
1237.0
1249.5
+61.0
Sep '16
1222.5
1200.0
1237.5
+51.5
Nov '16
1240.0
+52.0
Jan '17
1240.0
+52.0

Rice Comment

Rice prices surged higher as prices broke though resistance near $11.50, and are poised to test resistance near $12. Today's technical rally will need some some fundamental support for prices to continue this rally.

Ukraine decreases imports of rice in 2015/16 season

KIEV: Since the beginning of the current season Ukraine has imported 21.7 KMT of rice. This is 19% less than during the same time period last year (26.8 KMT).This trend was triggered by increasing rice production in Ukraine in the 2015/16 season due to expansion of the planted area. In 2015 gross crop of rice was 34% higher than last year (58.9 KMT compared with 43.9 KMT in 2014).India and Pakistan still remain the major suppliers of rice to Ukraine. In July-November of the 2015/16 season their share in the total imports of rice to Ukraine equaled 72.5%.

http://www.customstoday.com.pk/ukraine-decreases-imports-of-rice-in-201516-season/

Select grains remain up on rising demand

 

Press Trust of India  |  New Delhi December 30, 2015 Last Updated at 14:57 IST
Amid rising demand from consuming industries and restricted supplies from producing regions, prices of select grains strengthened up to Rs 50 per quintal at the wholesale grains market today. 
However, non-basmati rice ended lower due to sluggish demand. Marketmen said increased demand from consuming industries in the face of restricted supplies from producing regions mainly kept select grains prices higher. They said, however, muted demand from retailers dragged down non-basmati rice prices. 

In the national capital, bajra and maize advanced by Rs 10 and Rs 30 to Rs 1,430-1,435 and Rs 1,720-1,740 per quintal, respectively. Jowar yellow and white also gained another Rs 50 each to Rs 1,650-1,750 and Rs 3,150-3,250 per quintal, respectively. Barley too edged up by Rs 10 to Rs 1,460-1,470 per quintal. 

On the other hand, non-basmati rice permal raw, wand and sela settled lower at Rs 1,925-1,975, Rs 2,150-2,200 and Rs 2,500-2,600 against last close of Rs 1,950-2,000, Rs 2,200-2,275 and Rs 2,750-2,850 per quintal respectively. 

Following are today's quotations (in Rs per quintal): 

Wheat MP (desi) Rs 2,000-2,600, Wheat dara (for mills) Rs 1,675-1,705, Chakki atta (delivery) Rs 1,705-1,720, Atta Rajdhani (10 kg) Rs 230, Shakti Bhog (10 kg) Rs 230, Roller flour mill Rs 880-885 (50 kg), Maida Rs 935-940 (50 kg) and Sooji Rs 1,040-1,045 (50 kg). 

Basmati rice (Lal Quila) Rs 10,700, Shri Lal Mahal Rs 11,300, Super Basmati Rice Rs 9,700, Basmati common new Rs 5,400-5,500, Rice Pusa (1121) Rs 4,100-4,800, Permal raw Rs 1,925-1.975, Permal wand Rs 2,150-2,200, Sela Rs 2,500-2,600 and Rice IR-8 Rs 1,700-1,720, Bajra Rs 1,430-1,435, Jowar yellow Rs 1,650-1,750, white Rs 3,150-3,250, Maize Rs 1,720-1,740, Barley Rs 1,460-1,470.
http://news.thaivisa.com/thailand/thai-cabinet-gives-green-light-to-increased-compensation-for-rice

Farmers benefit from duty hike on rice imports

 

Paddy prices have increased at the growers' end as rice imports slumped owing to a duty hike earlier this month."Both demand and prices rose in recent weeks. It allowed me to earn more than what I used to get a month ago," said Mohammad Mokhlesur, a farmer at Adamdighi in Bogra.He sold 50 maunds of swarna paddy, a relatively slimmer or medium variety of rice compared to the hybrid or coarse ones, at Tk 625 a maund, up from around Tk 600 a month ago. Prices of the thinner quality of paddy also rose, said millers and traders."The duty hike has benefitted me though the current prices will not bring me profits," the farmer said.
On December 8, the National Board of Revenue issued a notification, doubling the import duty on rice to 20 percent, in a bid to curb rice imports and protect the interest of the farmers.Rice imports plunged 65 percent to 2.04 lakh tonnes year-on-year in July-December of fiscal 2015-16. It was 14.9 lakh tonnes in fiscal 2014-15.The recent duty spike as well as good stocks at the government warehouses has had a negative impact on imports, said Nurul Islam, a rice miller and importer in Naogaon. On December 27, the stock of cereals at public storages stood at 15.08 lakh tonnes, which is 17 percent higher year-on-year, according to food ministry data. Rice accounted for 75 percent of total food grain stocks.
"Farmers are getting better prices for paddy than before, following the duty hike," Islam said.Md Layek Ali, general secretary of Bangladesh Auto, Major and Husking Mills Association, said purchases by millers to supply rice to the public godowns have also contributed to the recent paddy price hike.The government earlier announced to buy two lakh tonnes of aman rice this season at Tk 31 a kilogram from December 15 to March 16.The price is Tk 1 lower than the purchase price set last year, despite the fact that aman production costs increased from Tk 28 a kilogram last year to Tk 28.50 this year.
Nirod Boron Saha, a rice and paddy wholesaler and commission agent in Naogaon, said farmers would have got better prices had the government bought a higher quantity of rice.Aman accounts for 38 percent of the annual rice output. The Department of Agricultural Extension targeted to ensure a production of 1.35 crore tonnes of rice during the current aman season, up from an actual production of 1.31 crore tonnes last year.The government expects to meet the target for conducive weather, despite some early setbacks due to floods in the northern districts, according to a report by food planning and monitoring unit under the food ministry.
http://www.thedailystar.net/business/farmers-benefit-duty-hike-rice-imports-194245

Thai Cabinet gives green light to increased compensation for rice traders

 

By editor on 2015-12-30 Thailand
Cabinet gives green light to increased compensation for rice traders
BANGKOK, 30 December 2015 (NNT) – The Cabinet on Tuesday approved an increase in compensation for rice traders in 2016 by 204 million baht. It also decided to extend the Village Fund program to 3 March next year or until the program’s budget is depleted.
Government Spokesman Sansern Kaewkamnerd said Prime Minister Prayut Chan-o-cha instructed all ministries to follow up on their projects and set periodic targets. They were also told to try to make the public see the results of their works clearly.The PM asked national security units to ensure the public’s confidence in transportation, travel, economy and safety during the New Year holiday.As for the drought situation, Gen.

Prayut acknowledged the country’s water information compiled by units in the district level. According to them, Thailand now has 21 billion cubic meters of water, of which 18 – 19 billion cubic meters are expected to be used by August – September next year. The 21 billion cubic meters are therefore considered as sufficient for the next dry season.The Cabinet stressed that a water use plan was necessary after the number of farmers who planted second-season rice did not decrease as expected.The Cabinet gave nods to the 204-million-baht increase in compensation for rice traders due to the speculation that next year’s rice price will be lower than 8,000 baht/ton.The Village Fund program will be extended to 31 March 2016 or until the 60-billion-baht budget is all used up so that potential villages will receive funding from the program.

National News Bureau of Thailand

 

Rice exports down in first 11 months

Thai rice exports were down about 10% by volume and value year-on-year in the first 11 months of 2015. (Photo by Pattanapong Hirunard)

Thai rice exports to the end of November this year were down 9.6% year-on-year to 8.6 million tonnes and the value down by 10.2% to US$4.1 billion, the Thai Rice Exporters Association said.The association expected Thailand would export about 1 million tonnes of rice in December, lifting the total for the year to about 9.6 million tonnes, Thai media reported.The association said foreign customers continued to order new and old rice, with continued demand for new rice for the Chinese New Year festival.Exporters were delivering rice to China, Indonesia and the Philippines under government-to-government  deals.The association also said Thai rice should become more competitive because the huge supply had cut prices and the baht was weaker.

APEDA Rice Commodity News

International Benchmark Price
Price on: 29-12-2015
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
Sultanas
1
Australian 5 Crown, CIF UK (USD/t)
2867
2
South African Orange River, CIF UK (USD/t)
2559
3
Turkish No 9 standard, FOB Izmir (USD/t)
1900
White Sugar
1
CZCE White Sugar Futures (USD/t)
843
2
Kenya Mumias white sugar, EXW (USD/t)
691
3
Pakistani refined sugar, EXW Akbari Mandi (USD/t)
506
Source:agra-net
For more info
Market Watch
Commodity-wise, Market-wise Daily Price on 29-12-2015
Domestic Prices
Unit Price : Rs per Qty
Product
Market Center
Variety
Min Price
Max Price
Rice
1
Manjeri (Kerala)
Other
2800
3800
2
Solapur (Maharashtra)
Other
2125
5150
3
Samsi (West Bengal)
Fine 
2790
2820
Wheat
1
Bangalore (Karnataka)
Local
2600
3200
2
Dahod (Gujarat)
Lokwan
1700
1860
3
Sainthia (West Bengal)
Other
1650
1670
Papaya
1
Aroor (Kerala)
Other
2400
2600
2
Barnala (Punjab)
Other
700
1000
3
Una (Himachal Pradesh)
Other
2000
2500
Onion
1
Barnala (Punjab)
Other
1100
1300
2
Jatni(Orissa)
Other
1400
1800
3
Vasai (Maharashtra)
Other
1000
1800
For more info
Egg
Rs per 100 No
Price on 28-12-2015
Product
Market Center
Price
1
Ahmedabad
444
2
Chittoor
421
3
Nagapur
400
Source: e2necc.com
Other International Prices
Unit Price : US$ per package
Price on 28-12-2015
Product
Market Center
Origin
Variety
Low
High
Onions Dry
Package: 40 lb cartons
1
Atlanta
Peru   
Yellow
24
26
2
Chicago
Washington  
Yellow
25
25
3
Dallas
California
Yellow
20
20
Cucumbers
Package: cartons film wrapped
1
Atlanta
Mexico
Long Seedless
14.50
14.50
2
Chicago
Canada
Long Seedless
19.50
19.50
3
Dallas
California
Long Seedless
14.50
15.50
Grapefruit
Package: 4/5 bushel cartons
1
Atlanta
Florida
Red
21
23.50
2
Chicago
Florida
Red
19.50
23
3
Miami
Florida
Red
25
56
Source:USDA

 

Transcriptional profiling of the leaves of near-isogenic rice lines with contrasting drought tolerance at the reproductive stage in response to water deficit.


BMC Genomics. 2015 Dec 29;16(1):1110. doi: 10.1186/s12864-015-2335-1.Moumeni A1, Satoh K2, Venuprasad R3,4, Serraj R5,6, Kumar A7, Leung H8, Kikuchi S9.

Author information

Abstract

 

BACKGROUND:

Drought tolerance is a complex quantitative trait that involves the coordination of a vast array of genes belonging to different pathways. To identify genes related to the drought-tolerance pathway in rice, we carried out gene-expression profiling of the leaves of near-isogenic lines (NILs) with similar genetic backgrounds and different set of QTLs but contrasting drought tolerance levels in response to long-term drought-stress treatments. This work will help differentiate mechanisms of tolerance in contrasting NILs and accelerate molecular breeding programs to improve drought tolerance in this crop.

 

RESULTS:


The two pairs of rice NILs, developed at the International Rice Research Institute, along with the drought-susceptible parent, IR64, showed distinct gene-expression profiles in leaves under different water-deficit (WD) treatments. Drought tolerance in the highly drought-tolerant NIL (DTN), IR77298-14-1-2-B-10, could be attributed to the up-regulation of genes with calcium ion binding, transferase, hydrolase and transcription factor activities, whereas in the moderate DTN, IR77298-5-6-B-18, genes with transporter, catalytic and structural molecule activities were up-regulated under WD. In IR77298-14-1-2-B-10, the induced genes were characterized by the presence of regulatory motifs in their promoters, including TGGTTAGTACC and ([CT]AAC[GT]G){2}, which are specific to the TFIIIA and Myb transcription factors, respectively. In IR77298-5-6-B-18, promoters containing a GCAC[AG][ACGT][AT]TCCC[AG]A[ACGT]G[CT] motif, common to MADS(AP1), HD-ZIP, AP2 and YABBY, were induced, suggesting that these factors may play key roles in the regulation of drought tolerance in these two DTNs under severe WD.

CONCLUSIONS:

We report here that the two pairs of NILs with different levels of drought tolerance may elucidate potential mechanisms and pathways through transcriptome data from leaf tissue. The present study serves as a resource for marker discovery and provides detailed insight into the gene-expression profiles of rice leaves, including the main functional categories of drought-responsive genes and the genes that are involved in drought-tolerance mechanisms, to help breeders identify candidate genes (both up- and down-regulated) associated with drought tolerance and suitable targets for manipulating the drought-tolerance trait in rice.
http://www.ncbi.nlm.nih.gov/pubmed/26715311

SC ruling against Bt Talong cripples food security, hurts farmers - science students

 
InterAksyon.com means BUSINESS
LOS BANOS, Laguna - The Supreme Court decision mandating the scrapping of field testing ofBacillus thuringiensis (Bt) eggplant is a blow for superstition and seriously undermines food security, industry and the livelihood of nearly half a million farmers, thousands of science students said in a statement.The same SC verdict also threw out Administrative Order No. 08, series of 2002 of the Department of Agriculture (DA) that spelled out the biosafety policy of the Philippine government on genetically-modified (GM) plants, according to the biotechnology, biology and medical students.

In a six-page statement, the University of the Philippines League of Agricultural Biotechnology Students (UPLabs) - supported by students from UP Diliman, UP Manila, the Rizal Technological University (RTU) and the Our Lady of Fatima University Quezon Campus (OLFUQC) - expressed dismay over the ruling on a petition for reconsideration on the issuance of a writ of kalikasan against the field testing of Bt eggplant.

They claimed the decision will punish farmers who have been losing up to 90 percent of their eggplants due to persistent attacks by fruit borers. The ruling will force them to apply pesticides at least 12 times on their vegetables to protect them.
Eggplant is the most popular vegetable in the country; its production volume is second only to tomatoes, which are actually fruits rather than vegetables.By applying the rule retroactively in contravention of  judicial practice, UP Labs warned that the corn industry is also taking a hit because at least 750,000 hectares of farms now produce Bt corn, which was commercialized in 2002.Once the importation of banned Bt corn seeds is imposed, the P90-billion corn industry will be in peril. The incomes of 415,000 farmers would be cut and the livestock and poultry industry will then have rely on imported feed.

Research by the Biotechnology Information Center of the Southeast Asian Regional Center for Graduate Study and Research in Agriculture (Searca) shows practically 100 percent of the soyabean used for poultry feed is now GM.Earlier, several other leading entities expressed dismay over the SC decision, notably, the UP Los Banos Foundaiton, Inc. (UPLBFI), Bureau of Plant Industry (BPI), Fertilizer and Pesticide Authority (FPA), the Envirnmental Management Bureau of the Department of Environment and Natural Resources (DENR), and the International Service for the Acquisition of Agri-biotech Applications (ISAAA.)

UP Labs said the SC dcision favoring Greenpeace and Masipag, a group of scientists and farmers promoting traditional rice varieties and other crops through organic agriculture, “turns back the wheel of time” and sets back the goal of attaining food security.UP Labs noted also that while the Philippines stopped the field tests -  actually completed before Greenpeace attacked the field testing site in Laguna several years ago - “Bangladesh, a developing country, not only approved Bt eggplant testing but also permitted its commercialization. Bengallis have been consuming Bt eggplant since 2014. Since its market release, not a single case of harmful effects on humans and the environment has been reported.”
Today, Bengali farmers have cut the use of pesticides for their Bt eggplants anywhere from 70 percent to 90 percent and their incomes soared, a consequence attributed to their cultivation of  the GM eggplant, the UP Labs said.It noted as well that the Biosafety Regulatory Framework of Bangladesh was influenced by the Philippine Biosafety Guidelines of 1991, which called for approvals of biotech crops only if they are safe both as food and animal feed. This feature is not included in the US guidelines for the approval of biotech crops.UP Labs pointed out as well that there has not been a single case of toxicity or mortality traced to Bt corn cultivation anywhere in the Philippines the last 13 years. UP Labs expressed dismay over “the SC’s nullification of DA AO 08, series of  2002, the Biosafety Policy on GM Crops in the country.
 The expanded decision of the SC will be a major setback for the stakeholders in Philippine agriculture and industry,” UP Labs stressed.With the administrative order gone on the basis of the SC’s finding that it antedated Executive Order No. 514¸which was issued by President Arroyo to cover biotech products, UP Labs said the BPI would now be barred from issuing permits for the importation of plants and plant products derived from biotechnology, thus crippling the work of plant breeders  in both the Philippine Rice Research Institute (PhilRice), the International Rice Research Institute (IRRI), as well as in academic institutions like UP Diliman and UPLB.

“We believe that the biosafety regulatory policy through DA AO 08-2002 is a workable, yet highly monitored protocol for processing products of modern biotechnology,” the students said.“In its 13 years of implementation parallel to the approval of Bt corn, no environmental and health problems from the production and consumption of the crop was reported. This was because before the approval, strict food and environmental safety tersts were conducted. Also, the safe use of Bt can be traced back to the 1920s. This product has also neen accepted by organic farmers for more than 50 years,” UP Labs stressed.

Its campaign to reverse the ruling against Bt Talong is supported by: Biology Majors Alliance of the Philippines (BMAP); UP College of Agriculture Student Council (UP CASC); UP College of Science Student Council (UP CSSC) in UP Diliman; UP School of Statistics Student Council, (UP Stat SC) in UP Diliman; Rizal Technological University College of Arts and Sciences Student Council (RTU CASSC); UP Agricultural Society (UP AgriSoc);  UP Los Baños Chemical Society (UPLB ChemSoc); UPLB Genetics Society (UPLB GeneSoc); UP Pabvlvm Scientia Sodalitas (UP PSS); UPLB DOST Scholars’ Society (UPLB DOST SS); UP Beta Kappa Fraternity (UP BK); UP Molecular Biology and Biotechnology Society (UP MBBS); UP Physician-Scientists Association (UP PSA)

Of UP Manila; RTU Organization of Biotechnology Students (RTU ORBITS); Our Lady of Fatima University-Quezon Campus League of Biology Enthusiasts (OLFU-QC LOBE), and; RTU Interactive Psychology Students Association (RTU IPSA.)
http://www.interaksyon.com/business/122072/sc-ruling-against-bt-talong-cripples-food-security-hurt
Thank you for your interest in Daily Rice News! Our Researchers & Editorial Team  work hard to share their best News for analysis, please give them credit. Any reproduction of www.Ricepluss.com/www.riceplusmagazine.blogspot.com  content requires written permission from us and clear reference to ww.riceplusmagazine.blogspot.com. Copyright © 2015

31st December 2015 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

Oryza U.S. Rough Rice Recap - Prices Weaken Slightly; High River Levels Cause for Concern

Dec 31, 2015
The U.S. cash market was slightly weaker today although there was very little trading to report as both buyers and sellers continue to hold out for better prices.
Recent heavy rains across the US Midwest have elevated water levels on the Lower Mississippi River to the point the barge loading operations have had to shut down while also slowing logistics throughout the system.
Analysts note that if new export demand were to show up the speed with which the U.S. would be able to ship would likely be significantly delayed until water levels recede. 

Oryza Weekly: Market Little Changed Ahead of New Year Celebrations

Dec 31, 2015
The Oryza White Rice Index (WRI), a weighted average of global white rice export quotes, ended the week at about $387 per ton, unchanged from a week ago, down about $6 per ton from a month ago and down about $44 per ton from a year ago.
Thailand
Thailand 5% broken rice is today shown at about $350 per ton, up about $5 per ton from a week ago, down about $10 per ton from a month ago and down about $60 per ton from a year ago.
Thailand’s Public Debt Management Office plans to transfer the 500-billion baht (about $14 billion) debt incurred under the rice pledging scheme from the Bank for Agriculture and Agricultural Cooperatives to the fiscal debt ledger to cut interest expenses. Meanwhile, the government will continue to sell rice from its stockpiles, timing the sales so that they do not impact prices of the new crop.
India
India 5% broken rice is today shown at about $360 per ton, unchanged from a week ago, up about $5 per ton from a month ago, and down about $30 per ton from a year ago.
India’s 2015-16 winter/rabi rice (November-May) planting area has reached about 0.1217 million hectares as of December 23, down about 10.65% from the same period in 2014-15.
Rice procurement by the Food Corporation of India and state government agencies for the summer/kharif marketing season 2015-16 has increased sharply over the last year, despite a likely lower output this year.
Indian rice exporters anticipate basmati rice exports in FY 2015-16 (April-March) to reach 4 million tons, compared to about 3.7 million tons in FY 2014-15, due to a depreciating rupee and enhanced demand from West Asian countries such as Iran and Saudi Arabia.
Vietnam
Vietnam 5% broken rice is today shown at about $365 per ton, down about $5 per ton from a week ago, down about $10 per ton from a month ago and down about $20 per ton from a year ago.
Paddy rice production in 2015 is estimated to increase to around 45.2 million tons from 44.97 million tons in 2014, despite dry conditions.
The Agriculture Ministry estimates the country’s rice exports to reach about 6.7 million tons in 2015, up about 5.8% from in 2014.
The UN’s FAO estimates Vietnam’s 2015 rice exports will reach 8.3 million tons (including 1.5 million tons of unofficial exports to China through land borders), an increase of about 4% from 2014.
Cambodia 5% broken rice is today shown at about $430 per ton, unchanged from a week ago, up about $10 per ton from a month ago, and down about $35 per ton from a year ago. Paddy rice production in Cambodia has declined slightly to around 9.2 million tons in 2015, with the decline attributed to drought in some areas.  Separately, rice millers and exporters in Cambodia plan to increase organic rice exports to market such as the EU and the U.S. based on the pace of exports this year.
Myanmar 5% broken rice is today shown at about $415 per ton, unchanged from a week ago, up about $5 per ton from a month ago, and unchanged from a year ago.
Pakistan
Pakistan 5% broken rice is today shown at about $335 per ton, unchanged from a week ago, up about $15 per ton from a month ago and down about $50 per ton from a year ago.
Central & South America
Brazil 5% broken rice is today shown at about $450 per ton, unchanged from a week ago, down about $50 per ton from a month ago and down about $100 per ton from a year ago.
The Brazilian paddy rice index maintained by the Center for Advanced Studies on Applied Economics (CEPEA) reached around 40.96 real per 50 kilograms as of December 27, 2015, slightly up from around 40.95 real per 50 kilograms recorded on December 20, 2015.  In terms of USD per ton, the index reached around $212.10 per ton on December 27, 2015, up about 4% from around $204.22 per ton recorded on December 20, 2015.  Month-on-month, the index has declined about 1% from around 41.44 real per 50 kilograms. In terms of USD, the index declined about 4% during the month.
Five percent broken rice from Uruguay and Argentina is today shown at about $510 per ton, unchanged from a week ago, down about $25 per ton from a month ago and down about $90 per ton from a year ago.
U.S.
U.S. 4% broken rice is today shown at about $480 per ton, unchanged from a week ago, down about $10 per ton from a month ago and down about $35 per ton from a year ago.
Chicago rough rice futures for January delivery increased this week after opening at the weekly low of $10.850 per cwt (about $239 per ton).  They reached $11.755 per cwt (about $259 per ton) on Tuesday before retracing some on Wednesday.
The U.S. cash market firmed up this week with offers from resellers jumping with the futures market.
Other Markets
The Trade Minister of Indonesia says that the country will likely need to import rice in 2016, after importing about 1.5 million tons in 2015.  Meanwhile, the government of Indonesia plans to include rice in public stockholding and protect it by a special safeguard mechanism for agricultural products.
The government of South Korea plans to strike a balance between rice supply and demand by 2018 through a gradual reduction in paddy production and an increase in consumption.
Paddy prices in Bangladesh have increased after the government raised the import duty on rice from 10% to 20% earlier this month.

Government of India Allocates Subsidized Rice, Wheat to 530 Million People Under NFSA

Dec 30, 2015
The government of India is allocating subsidized rice and wheat to over 110 million households consisting of about 530 million beneficiaries under the National Food Security Act (NFSA), Reuters quoted local sources.
The Indian government is providing wheat at Rs.2 (around 3 cents) per kilogramand rice at Rs.3 (around 4.5 cents) per kilogram. Twenty five states and Union territories have started implementing the NFSA. The government is keen on bringing all the states under the NFSA at the earliest.
About 61.4 million tons of rice and wheat are required for the implementation of the NFSA. Under the current Targeted Public Distribution System (TDPS), only 25 crore households Antyodaya Anna Yojana (AAY) are getting food grains at subsidized prices, while households under Below Poverty Line (BPL) and Above Poverty Line (APL) categories are receiving food grains at higher rates. The current TDPS requires 56 million food grains.
The NFSA also The Act also aims at providing nutritional requirements to pregnant women and children up to 14 years of age by entitling them to receive nutritious meals, free of cost. Pregnant women and lactating mothers are entitled to receive maternity benefit of Rs. 6,000 (around $91) per pregnancy.
The government is focussing on end-to-end computerisation in all the states for effective implementation of the NFSA.

Exporters Seek to Increase Organic Rice Exports

Dec 30, 2015
Cambodian rice millers and exporters are planning to increase organic rice exports to markets such as the European Union and the U.S. based on the pace of exports this year, according to the Phnom Penh Post.
Cambodia exported about 2,800 tons of organic rice in the first eleven months of 2015, according to the Deputy Director General of the Department of Agriculture.
The CEO of one of the major rice exporters in Cambodia, which started to export organic rice this year, told local sources that there is a lot of potential in this new market since Cambodia has land and labour to grow sufficient organic rice. He also noted that since the price of the organic rice is much higher, about $700 to $1,300 per ton, farmers and exporters can expect margins of about 20-30% on these sales. He added that demand for organic rice is increasing significantly domestically as well as abroad.
However the Agriculture Department official noted that the country cannot immediately depend on organic rice exports. “We cannot put much focus on organic rice because the yield of organic paddy is lower than normal rice,” he said. “And only farming organic rice will not give farmers much income,” he added.
He noted that given the higher cost of organic rice, only few markets such as EU and the U.S. could afford this rice. He assured that other varieties of Cambodian rice are also safe and healthy for consumption.

India Rice Procurement Increases Sharply in KMS 2015-16 Due to Low Prices, Say Food Ministry Officials

Dec 30, 2015
Rice procurement, by the Food Corporation of India (FCI) and state government agencies, for the kharif marketing season (KMS) 2015-16 (October 1, 2015 - September 30, 2016), has increased sharply over last year despite a likely lower output this year, the Financial Express quoted latest procurement data.
The FCI and the government agencies together have procured over 18 million tons of rice (milled equivalent of paddy) as of December 29, 2015, up about 31% from around 13.76 million tons procured during the same period last year.
Food Ministry officials attributed the higher procurement to a decline in prices of common variety of rice in various markets across the country. “The farmers sold grain to government agencies rather than giving it to the private traders in Punjab and Haryana, where procurement operations have completed,” an official was 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 9.3 million tons of rice so far, compared to around 7.7 million tons procured last year. Agencies have procured around 2.8 million tons of rice in Haryana compared to around 2.3 million tons last year. They reportedly procured 760,000 tons,830,000 tons and 108,000 tons from Uttar Pradesh, Telangana and Kerala respectively. State agencies have reportedly purchased 1.7 million tons of rice in Chhattisgarh and 400,000 tons in Odisha.
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.

Government of South Korea Seeks to Achieve Rice Supply-Demand Balance by 2018

Dec 30, 2015
The government of South Korea is planning to strike a balance between rice supply and demand by 2018 through a gradual reduction in paddy production and an increase in consumption, Yonhap News quoted the government sources.
The Ministry of Agriculture is reportedly planning to cut down the paddy acreage from the current 799,000 hectares to around 711,000 hectares by 2018, and increase the annual per capita rice consumption to 58.1 kilograms compared to the estimated 57.4 kilograms.
The government is also planning to reduce the size of the rice stocks from the current 1.63 million tons to around 800,000 tons by October 2018.
"There is a need to deal with imbalance in supply and demand," said the Deputy Agriculture Minister. He noted that in the last ten years, the country on average produced 280,000 tons of rice per year more than the requisite demand.
Sources from the Agriculture Ministry noted that they will encourage farmers to increase production of non-rice crops and for rice they will ask farmers to produce more high-quality and lower-yield grains. They added that to increase consumption, they will use more rice to make livestock feed and alcoholic beverages. The Ministry is planning to lower rice reserves by releasing more grain for animal feed and lower prices of rice for socially disadvantaged sector.
The above measures are likely to help the government save about 300 billion won (US$256 million) on rice storage expenses as well as stabilize domestic prices of rice, according to the Ministry sources.
The government of South Korea is planning to strike a balance between rice supply and demand by 2018 through a gradual reduction in paddy production and an increase in consumption, Yonhap News quoted the government sources.
The Ministry of Agriculture is reportedly planning to cut down the paddy acreage from the current 799,000 hectares to around 711,000 hectares by 2018, and increase the annual per capita rice consumption to 58.1 kilograms compared to the estimated 57.4 kilograms.
The government is also planning to reduce the size of the rice stocks from the current 1.63 million tons to around 800,000 tons by October 2018.
"There is a need to deal with imbalance in supply and demand," said the Deputy Agriculture Minister. He noted that in the last ten years, the country on average produced 280,000 tons of rice per year more than the requisite demand.
Sources from the Agriculture Ministry noted that they will encourage farmers to increase production of non-rice crops and for rice they will ask farmers to produce more high-quality and lower-yield grains. They added that to increase consumption, they will use more rice to make livestock feed and alcoholic beverages. The Ministry is planning to lower rice reserves by releasing more grain for animal feed and lower prices of rice for socially disadvantaged sector.
The above measures are likely to help the government save about 300 billion won (US$256 million) on rice storage expenses as well as stabilize domestic prices of rice, according to the Ministry sources.
The government has been facing higher production and lower consumption of rice over the last few years.
Global Rice Quotes
December 30th, 2015

Long grain white rice - high quality

Thailand 100% B grade           355-365           ↔
Vietnam 5% broken     360-370           ↔
India 5% broken          355-365           ↔
Pakistan 5% broken     330-340           ↔
Myanmar 5% broken   410-420           ↔
Cambodia 5% broken 425-435           ↔
U.S. 4% broken           475-485           ↔
Uruguay 5% broken    510-520           ↔
Argentina 5% broken   505-515           ↔

Long grain white rice - low quality

Thailand 25% broken 335-345           ↔
Vietnam 25% broken   345-355           ↔
Pakistan 25% broken   300-310           ↔
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           355-365           ↔
U.S. parboiled 4% broken       500-510           ↔
Brazil parboiled 5% broken     520-530           ↔
Uruguay parboiled 5% broken             NQ       ↔

Long grain fragrant rice

Thailand Hommali 92%           680-690           ↔
Vietnam Jasmine         445-455           ↔
India basmati 2% broken         NQ       ↔
Pakistan basmati 2% broken    NQ       ↔
Cambodia Phka Mails 830-840           ↔

Brokens

Thailand A1 Super       320-330           ↔
Vietnam 100% broken             335-345           ↔
Pakistan 100% broken stxd     285-295           ↔
Cambodia A1 Super    355-365           ↔
India 100% broken stxd          265-275           ↔
Egypt medium grain brokens   NQ       ↔
U.S. pet food   290-300           ↔
Brazil half grain           NQ       ↔

All prices USD per ton, FOB vessel, oryza.com

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Continue to Rocket Higher as Short Specs Look to Cover ahead of New Year Holiday

Dec 30, 2015
Chicago rough rice futures for Mar delivery settled 61 cents per cwt (about $13 per ton) higher at $11.935 per cwt (about $263 per ton). The other grains finished the day higher; Soybeans closed about 0.5% higher at $8.6575 per bushel; wheat finished about 2% higher at $4.7575 per bushel, and corn finished the day about 0.4% higher at $3.6250 per bushel.
U.S. stocks traded higher Tuesday, helped by stabilization in oil prices and other commodities, as tech stocks led gains. The major U.S. averages gained more than 1% in afternoon trade to climb above their 50-day moving averages. European stocks ended up about 1% or more. Asian equities closed higher, with Australia outperforming with a more than 1% gain. In economic news, home values in October were 5.2% higher year-over-year, greater than the 4.9% annual gain in September, according to the S&P/Case-Shiller National Home Price Index that covers all nine U.S. census divisions. Consumer confidence for December came in at 96.5, topping expectations. Tuesday is the second day of a shortened trading week, the last of the year. Markets are closed Friday for New Year's Day.
In afternoon trade, the Dow Jones industrial average gained 210 points, or 1.20%, to 17,739. The S&P 500 traded up 23 points, or 1.16%, to 2,080, with information technology and health care leading all 10 sectors higher. The Nasdaq composite gained 73 points, or 1.46%, to 5,114. Gold is seen trading about 0.1% lower, crude oil is seen trading about 2.8% higher, and the U.S. dollar is seen trading about 0.3% higher at about  2:45pm Chicago time.
Monday, there were 2,583 contracts traded, up from 483 contracts traded on Thursday. Open interest – the number of contracts outstanding – on Monday decreased by 307 contracts to 14,765.

Indian Exporters Forecast Basmati Rice Exports to Surge on Rupee Depreciation, Higher Demand from West Asia

Dec 30, 2015
Indian rice exporters are expecting basmati rice exports in FY 2015-16 (April - March) to reach 4 million tons compared to about 3.7 million tons in FY 2014-15 due to a depreciating rupee and enhanced demand from West Asian countries such as Iran and Saudi Arabia, according to local sources.
Indian rupee had depreciated about 4% against the U.S. dollar between early-October and early-December 2015, and it reached a high of Rs.66.98 per dollar during the period. Exporters have expressed satisfaction that basmati export prices have started improving due to this fact and also due to Iran’s issuance of new permits to rice importers. Currently basmati exports are quoted at around $950 - $1,000 per ton, higher than the $800 - $900 per ton that prevailed a couple of months back, according to some exporters. But prices are still lower than last year's average price of around $1,100 per ton.
India exported around 20,500 tons of Pusa 1121 basmati rice to Iran during the week ended December 26, 2015 and traders are expecting the Iranian demand to further increase in the coming months.
India exported around 2.39 million tons of basmati rice in April-October 2015 period, up about 26% from around 1.89 million tons exported during the same period last year, according to data from the Agricultural and Processed Food Products Export Development Authority (APEDA).  However, earnings from basmati rice exports have declined to around $2.17 billion in April-October 2015 period from around $2.62 billion during the same period last year due to a decline in the average basmati rice export prices by about 34% to around $910 per ton during the seven-month period from around $1,385 per ton last year. 
Yet, exporters hoped that situation in Syria and Yemen, and lower crude oil prices would not impact basmati rice demand in the coming months.

New Book Discovers Journey of Italian Rice Sector Over Last Century

Dec 30, 2015
The book titled "The rice growing and the great war," co-authored by journalist Paolo Viana from Novara and by agronomist Giuseppe Sarasso from Vercelli, compares and contrasts the position of the Italian rice sector today and a hundred years back.
The authors say the Italian sector has survived a number of difficulties over the years, including the massacres of World War I. Yet, some problems faced by the sector are unchanged even today, they say.
The authors say the Italian rice acreage, which was about 146,100 hectares at the beginning of the war in 1914 declined to 138,400 hectares by the end of the war in 1918. However, since then there has been a tremendous increase in the acreage and yields. Today the Italian rice acreage is about 219,000 hectares and the yields have also increased to 6.8 tons per hectare today from 3.8 tons per hectare in 1918.
The authors have taken some details from the ancient monthly "The Journal of rice production". They say the various versions of the journal show that the Italian rice sector was established by a way of life, a real economy, a professional network, and important infrastructural investment. They also show that the rice sector was crucial in supplying food in the World War I.
Later on, the rice production in Italy surpassed the demand but exports were not allowed and it was decided to protect the sector. The decision of the Agricultural Society of Lombardy during a conference on the "Customs policy after the war" on January 1917 is important in this regard. In the conference it was decided that rice sector needed to be protection because of fears that the national production would be stifled by cheap Asian rice.
The authors say today also, the Italian rice sector is facing the same concerns with the Asian rice, as well as with the use of rice straw and outbreaks of blast disease.
The book is published by the portal www.risoitaliano.eu

Oryza U.S. Rough Rice Recap - Cash Prices Jump with Big Futures Rally

Dec 30, 2015

The U.S. cash market was materially firmer today with offers from resellers jumping with the futures market coupled with an slight increase in farmer selling.
Analysts note that today’s rally was likely the result of technical short covering however many in the market expect export demand to pick up after the first of the year which may have added to the strength.

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

Dec 30, 2015
Vietnam rice sellers increased their quotes for glutinous rice variety by about $5 per ton to around $480 - $490 per ton today. Other Asian rice sellers have kept their quotes unchanged today from yesterday.                                 
5% Broken Rice
Thailand 5% rice is indicated at around $345 - $355 per ton about $15 per ton discount on Vietnam 5% rice shown at around $360 - $370 per ton. India 5% rice is indicated at around $355 - $365 per ton, about $25 per ton premium on Pakistan 5% rice shown at around $330 - $340 per ton.
25% Broken Rice
Thailand 25% rice is indicated at around $335 - $345 per ton, about $10 per ton discount on Vietnam 25% rice shown at around $345- $355 per ton. India 25% rice is indicated at around $325 - $335 per ton, about $25 per ton premium on Pakistan 25% rice shown at around $300 - $310 per ton.
Parboiled Rice            
Thailand parboiled rice is indicated at around $350 - $360 per ton. India parboiled rice is indicated at around $355 - $365 per ton, about $50 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 $320 - $330 per ton, about $15 per ton discount to Vietnam 100% broken rice shown at around $335 - $345 per ton. India's 100% broken rice is shown at around $265 - $275 per ton, about $20 per ton discount to Pakistan broken sortexed rice shown at around $285 - $295 per ton.

Bangladesh Paddy Prices Improve After Increase in Rice Import Duty, Say Farmers

Dec 30, 2015
Bangladesh paddy prices have increased after the government hiked the import duty on rice from 10% to 20% earlier this month, according to local sources.
Prices of medium variety paddy have increased by about Tk 25 per 40 kilograms (around $8 per ton) to TK 625 (around $203 per ton), according to some farmers. A Farmer told local sources that the duty hike is benefitting them but the current prices are still not sufficient to bring them profits.
Bangladesh traders imported around 204,000 tons of rice in the first six months of FY 2015-16 (July - December), down about 65% from around 582,857 tons imported during the same period last year. Rice imports reached a record high of 1.49 million tons in FY 2014-15 due to low global rice prices. Increased imports had depressed local rice and paddy prices significantly prompting the government to impose import duty on rice in May 2015. The government increased the duty further in December 2015 to protect the interest of the farmers.
The government rice stocks stood at around 1.13 million tons as on December 27, 2015, up about 17% from last year, according to the Food Ministry data.
The Bangladesh government has planned to procure 200,000 tons of 2015 Aman (July - December) rice from millers between December 15, 2015 and March 15, 2016 at Tk 31 per kilogram (around $388.5 per ton). The General Secretary of Bangladesh Auto, Major and Husking Mills Association noted that purchases by millers to supply rice to the public godowns have also contributed to the recent paddy price hike. However, some traders opined that paddy prices would have further increased if the government procured a higher amount of Aman rice, which accounts for about 38% of the country's total rice production.
USDA estimates Bangladesh’s MY 2015-16 (July 2015 – June 2016) milled rice production at around 34.6 million tons, slightly up from an estimated 34.5 million tons in MY 2014-15. It estimates Bangladesh to import around 1.2 million tons of rice in MY 2014-15 and about 600,000 tons in MY 2015-16. 

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Break from Recent Rally as Buying Interest Dries

Dec 31, 2015

Chicago rough rice futures for Mar delivery settled 12 cents per cwt (about $3 per ton) lower at $11.815 per cwt (about $260 per ton). The other grains finished the day mostly lower; Soybeans closed about 0.4% higher at $8.7025 per bushel; wheat finished about 1.3% lower at $4.6975 per bushel, and corn finished the day about 1% lower at $3.5900 per bushel.
U.S. stocks traded slightly lower Wednesday, pressured by a decline in oil prices, as the major averages attempted to hold gains for the shortened holiday week. In a light day of economic reports, pending home sales fell 0.9% in November from an upwardly revised October reading, according to the National Association of Realtors. Trade volume in the last few sessions has been among the lightest of the year. Markets wrap up the last week of trade for the year on Thursday, and are closed Friday for New Year's Day. Stocks closed up more than 1% Tuesday as the tech sector led broad gains amid some stabilization in oil and commodity prices.
As of Tuesday's close, the S&P 500 was up 0.95% year-to-date, while the Dow Jones industrial average was down 0.57% for the year so far. The Nasdaq composite was up 7.85% for 2015. In afternoon trade, the Dow Jones industrial average declined 56 points, or 0.32%, to 17,664. The S&P 500 declined 8 points, or 0.39%, to 2,070, with energy leading all 10 sectors lower. The Nasdaq composite traded down 21 points, or 0.42%, to 5,086. The major averages are on pace for weekly gains of half a percent or more. Gold is seen trading about 0.7% lower, crude oil is seen trading about 3.3% lower, and the U.S. dollar is seen trading about 0.3% higher at about  1:00pm Chicago time.
Tuesday, there were 3,465 contracts traded, up from 2,583 contracts traded on Monday. Open interest – the number of contracts outstanding – on Tuesday decreased by 490 contracts to 14,275.

Exclusive News have been shared with written permission of ORYZA.com with thanks