Tuesday, February 09, 2016

21 January 2016 Daily Global Rice E-Newsletter by Ricpelus Magazine

CRF kicks off annual forum with rice competition
Mon, 25 January 2016
The Cambodia Rice Federation opened its annual rice festival yesterday with a competition to find the country’s best rice, with Prime Minister Hun Sen scheduled to address the forum today.
The three-day festival, the fifth time it is being organised by the Cambodia Rice Federation (CRF), gave out three awards in different categories, with the announcement of two other awards to be made by Hun Sen today. The competition was a way to push farmers and millers to increase the quality of rice produced in the Kingdom, said Sok Puthyvuth, president of the CRF.
“Based on this competition, the federation will know where the best rice is grown and farmers and associations can study and learn more about the technique used across the country,” Puthyvuth said.

Battambang-based agricultural community of Sangha Phal was awarded the best paddy in the Kingdom, with its representative Nov Sopheap saying the 200 farmers who make up the community will now look to expand its operations and use better growing techniques.“With the prize, we will expand membership and land that is farmed to produce more rice. We will also provide technical assistance to people to get access to good seeds,” Sopheap said.Chan Pech, general manager of Cambodian rice miller Signatures of Asia, which won best parboiled rice, said his product was popular in the European Union, where it was appreciated for its quality.“It makes us proud that Cambodia can produce the best quality of rice, like India or Pakistan.
 The prize will encourage us to strengthen the quality going forward,” he added. Cambodia’s biggest rice exporter, Amru Rice, was awarded for having the best quality long grain white rice, while the remaining two awards will be for fragrant and jasmine rice. Over the next two days, the meeting will conduct sessions with technical experts looking to improve productivity and access to finance, as well has have panel discussions with government officials and the private sector.

 

Judges inspect rice yesterday at the Sokha Hotel in Phnom Penh during the Cambodian Rice Federation's annual rice festival. Pha Lina

 

$10-M IRRI seed lab to study climate change effect on rice


By: Maricar Cinco

03:42 AM January 25th, 2016


By: Maricar Cinco, January 25th, 2016 03:42 AM
LOS BAÑOS, Laguna—Imagine giant refrigerators and microwave ovens.A $10-million (approximately P480 million) plant-growth facility, meant for the studies of the impact of climate change on rice production, has started operating at the International Rice Research Institute (IRRI) compound here.Sprawled across a 3,000-square meter area, the Australian-funded facility has eight controlled environment glasshouses and large sets of plant and seed laboratories that can simulate weather conditions such as drought, flood and heat.ADVERTISEMENT
It allows researchers to “precisely control” temperature, humidity, light intensity, atmospheric gases and water management systems, an IRRI statement said.

“Fundamentally, (the facility will) enable scientists to simulate the effects of climate change,” said Bruce Tolentino, IRRI deputy director general for communication and partnerships, in an interview at the opening of the facility last week.“We will know exactly how the plants react to the effects of climate change and ensure how [they] will continue to grow and be productive [under these conditions],” he said.Tolentino described the chambers as something like “giant refrigerators, microwaves or incubators that simulate climate conditions experienced in different countries such as the Philippines, Africa, Thailand and Vietnam.

”The facility was named after Lloyd T. Evans, the late Australian plant physiologist and a member of the IRRI board of trustees from 1984 to 1989. It was funded by the Australian government through the Australian Centre for International Agricultural Research.Tolentino said about three to four dozen scientists from around the globe would be working at the new plant facility.He said similar research facilities were being built by the Philippine government on the University of the Philippines Diliman and Los Baños campuses, but IRRI remains to be the leading institution in science work.
https://www.whatech.com/market-research/agriculture/124820-latest-rice-seed-market-research-for-agriculture-sector-released-with-historic-and-forecasts-data

 

 

Price Controls Re-emerge in Cuba’s 2016 Economy


An experiment started a few days after the meeting of Cuba’s 2016 National Assembly meeting.  The issue is food prices, and the solution – or the experiment – is price controls, which are officially called, “variable.”The National Assembly of People’s Power, held at the Havana Convention Center on December 29, 2015, was called, “Year 57 of the Revolution”.  Although not mentioned directly in his address, Raul Castro said that measures would be taken to bring prices in line with wages in response to complaints about food prices.According to the US Department of Agriculture, Cuba has the highest per capita rice consumption of any country in the Western Hemisphere.

 Unable to meet production targets, Cuba imports more than 60% of its consumption of rice.Prior to the 1962 embargo, Cuba was the number one export destination for US-grown rice.  In 2000, Congress permitted US agricultural exports to Cuba.  US rice sales to the island nation totaled 635,000 MT between 2002 and 2006.  A rule tightening in 2005 crippled US exports to Cuba, and there have been no US rice sales to Cuba since 2008.According to the USDA, Cuba’s field yields averaged 2.8 metric tons per hectare (rough-rice basis) from 2009/10 to 2013/14 and have shown no signs of long-term growth since the late 1970s. Cuba’s yields are low compared with other rice growing countries in the region. From 2009/10 to 2013/14, rice yields averaged 4.7 metric tons per hectare in the Dominican Republic, 4.4 metric tons in Nicaragua, and 3.5 metric tons in Costa Rica.

In another development, a Pakistani ship set several days ago sail carrying around 15,000 tons rice to Cuba.Pakistan’s Prime Minister, Muhammad Nawaz Sharif, said that Pakistan would extend all possible assistance to help Cuba by reciprocating in the same spirit as Cuba had done by sending teams of doctors following the aftermath of the country’s magnitude 7.6 earthquake that took the lives of more than 100,000 Pakistanis in 2005.

 

Cagayan farmers get drought-resistant rice variety


January 24, 2016 8:06 pm

TUGUEGARAO CITY, Cagayan: Farmers in Cagayan Valley are adopting a drought-resistant rice variety recommended to them by the Department of Agriculture (DA) to combat the effects of the long dry spell that has resulted in the loss of more than P2 billion worth of crops in the region.Ernesto Guzman, DA-Region 2 chief of operations, said they are introducing the rice variety called “green super rice” (GSR) to help farmers’ cope with the effects of the prolonged El Niño phenomenon.He said farmers in the towns of Amulung and Lallo in Cagayan; Cauayan City in Isabela; and Mad¬dela town in Quirino–areas in Caga¬yan Valley that suffered the most from natural calamities–were the first recipients of the said variety.Guzman explained the GSR variety is a product of research on drought resistant crops and this suits the environment in Cagayan Valley. Region 2 is vulnerable to a prolonged dry spell weather condition during summer up to the third quarter of this year.

“GSR variety could survive during dry season and could produce yields even without pesticides and less fertilizer inputs. Based on our thorough research, the green super rice variety has a better yield and higher production compared to the usual varieties planted by farmers,” he added.The DA office in Region 2 has initially allocated more than 3,000 sacks of GSR for distribution to farmers in the areas most affected by the long dry spell and those recently hit by the onslaught of typhoons and floodings.“Our policy is to provide one sack of green super rice variety per family to give chance to others to avail of the said variety,” Guzman said.

Meanwhile, DA officials said research expansion is being conducted in the towns of Iguig and Gonzaga in Cagayan; and towns of of Alicia and Burgos and Santiago City in Isabela to boost production of GSR seeds to be distributed to more farmers in the region.“We would like to assure our farmers in Cagayan Valley of the GSR variety’s good quality as staple food which will surely be patronized by consumers,” Guzman added

http://www.manilatimes.net/cagayan-farmers-get-drought-resistant-rice-variety/241152/


Latest rice seed market research for agriculture sector released with historic and forecasts data

WhaTech Channel: Agriculture Market Research
Published on Monday, 25 January 2016 19:08
Rice Seed Industry 2016 Market Research Report is a professional and in-depth study on the current market state of rice seeds providing a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Rice Seed market analysis is provided for the international market including development history, competitive landscape analysis, and major regions’ development status. Development policies and plans are discussed as well as manufacturing processes and cost structures.This report also states import/export, supply and consumption figures as well as cost, price, revenue and gross margin by regions (United States, EU, China and Japan), and other regions can be added.

This research on rice seed market helps focus on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out.What’s more, the Rice Seed industry development trends and marketing channels are analyzed.

Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered. Companies profiled in this rice seed market report include Dupont Pioneer (USA), Bayer (Germany), Nuziveedu (India), Kaveri (India), Mahyco (India), RiceTec (USA), Krishidhan (India), Rasi Seeds (India), JK Seeds (India), Syngenta (Switzerland), Longping (China), China Seed (China), Grand Agriseeds (China)¸ DBN (China)¸ Hefei Fengle (China), Win-all Hi-tech (China), Gansu Dunhuang (China)¸ Dongya Seed (China), KeepLong Seeds (China), Hengmao (China)¸ OPULENT Technology (China)¸ Zhongnongfa (China)¸ Anhui Nongken (China), Beijing Doneed (China), Origin Seed (China)¸ Hefei Fengbao (China) and CHENGDU JINZHUO (China).


https://www.whatech.com/market-research/agriculture/124820-latest-rice-seed-market-research-for-agriculture-sector-released-with-historic-and-forecasts-data

Sanctions removal: Rice export to Iran ineffective sans detailed mechanism

| REAP chairman wants Pak, Iranian banking sectors to establish active linkages to facilitate traders

January 24, 2016

Salman Abduhu
LAHORE - The restart of rice export to Iran will remain ineffective until detailed mechanism is evolved and appropriate currency transfer arrangements are made through State Bank of Pakistan, which has not been implemented so far. Pakistan’s rice export is stagnant for the last many years, both in quantitative and value terms and is hovering around 4 million tons in quantity and $2 billion in worth. “Although Iran could be a huge market for Pakistani rice but country’s rice sector is not ready to take advantage of this opportunity yet, because energy crisis and lack of research & development, which leads to development of new seeds, have turned us regionally uncompetitive,” said Rice Exporters Association of Pakistan chairman Ch Shafique. 

He appreciated the lifting of sanctions on Iran, as it will provide Pakistan with a historic opportunity to raise mutual trade and investment. REAP chairman demanded that the banking sectors of the two countries should also establish active linkages within weeks to facilitate traders to channel their payments. “In the past few years, lack of recognised and trustable payment mechanism through banks proved to be the single largest factor hindering bilateral trade,” he added. Bilateral trade with Iran fell drastically as a result of sanctions and the unwillingness of banks to finance trade. “The last hurdle in resuming smooth trade relations between the two countries has been removed, providing an opportunity to implement the projects which have been in limbo for the last few years,” REAP chairman opined. 

Pakistan once was the largest exporter of rice to Iran before imposition of sanctions on Iran, but now almost 80 per cent of rice is going to Iran from India though import from Pakistan is more economical, he said.The REAP chairman also appreciated the move of government to initiate a free trade agreement (FTA) with Iran in the wake of lifting of sanctions on Tehran, as Commerce Minister Khurram Dasatgir Khan a few days back had stated that Pakistan was interested in negotiating an agreement with Iran. Ch Shafique also welcomed the Pakistani plan to construct three border posts along the Iran border on modern lines to facilitate the land trade. The next logical step after a preferential trade agreement is an FTA and Pakistan couldn’t find a better time to initiate negotiations on a new trade agreement, he opined.

“New circumstances merit new agreements and enhanced cooperation for the mutual benefit of the two neighbours,” he added. “Pakistan wants more predictability in tariffs on agricultural produce and products from Iran. Iranian duties on agriculture fluctuate widely depending upon the time of harvest ranging from on-seasonal highs to off-seasonal lows. The two sides need to agree on sanitary and phyto-sanitary standards as this proves an unwanted barrier in bilateral trade,” he said. Ch Shafique hoped the conclusion of an FTA between Pakistan and Iran and inclusion of Iran back into the world trading system would bring more predictability and clarity and the seasonal shifts in duties and trading pattern would give way to surer trading regime
http://nation.com.pk/business/24-Jan-2016/sanctions-removal-rice-export-to-iran-ineffective-sans-detailed-mechanism


Why is rice-based farming good for farmers and consumers?
The rice-based farming framework promoted by the Philippine Rice Research Institute. Source: RTM/PhilRice

Rice-based farming will increase farmers’ income and consumers will have healthier options according to Dr. Eufemio T. Rasco Jr., of the National Academy for Science and Technology (NAST) and a former executive director of PhilRice.The said approach requires diversification, integration, and intensification of farming practices.
“Instead of rice mono-cropping, farmers should also grow other crops, and livestock alongside rice. With the use of existing models like vermiculture, mushroom production, mungbean, corn, garlic, duck, and fish that can be grown and maintained alongside with rice, farmers will have reduced dependence on rice as the main source of income,” said Rasco during a seminar at PhilRice, 13 January.

Rasco highlighted the significance of Palayamanayon, a PhilRice advocacy that aims to transform a community of farmers into agri-preneurs. Its scope is not limited to crops and livestock but also covers fishes and vermiculture. Its scale is not just for household food security but also covers the national food security as well.In Palayamanayon, everything a farmer places in his farm serves a purpose. With rice as the main crop, vegetables and livestock are also integrated to optimize the overall farm system. Ducks and fish may be integrated for pest control and added income; or azolla may be planted as source of organic inputs. Nothing is wasted in the close-loop method.

With rice-based farming, consumers may also try other staples. Kamote, cassava, white corn, brown rice, and parboiled rice are among them. Raco also emphasized the consumption of brown rice in-line with the Brown4Good campaign of the Institute. It is also rich with dietary fibers, magnesium, selenium and other vitamins that help reduce the risk of colon cancer.



PhilRice has new deputies

Dr. Calixto M. Protacio, executive director of PhilRice, designated three acting deputy executive directors (DED), effective January to December 2016.Roger F. Barroga has been designated as acting DED for administration. Drs. Eduardo Jimmy P. Quilang and Flordeliza H. Bordey have been designated as acting deputies for research and for development, respectively.

Barroga currently leads FutureRice, a program that explores ways to increase current rice output using 21st century and practical cutting edge technologies. He was the former director of the Open Academy for Philippine Agriculture (OpAPA), a consortium of agriculture stakeholders that enabled the Philippine agriculture benefit from modernized ICT. OpAPA was the recipient of the 2010 International Prize for Pioneering Human Development Projects awarded by the the Arab Gulf Programme for Development (AGFUND).

Barroga holds Master’s degree in Development Communication from the University of the Philippines Los Baños. Quilang was PhilRice’s DED for Development from 2011to 2015. Under his watch, several campaigns and special projects were launched such as the Palayabangan: The 10-5 Challenge, PalaYamaNayon: The Rural Transformation Movement, Be Riceponsible Campaign, Gusto Namin Milyonaryo Kayo Campaign, Best Station Contest, and Rice Science Museum. The new DED for Research holds a PhD in Agricultural Sciences specializing in Bioproduction Environmental Science from Kyushu University in Japan under the Monbukagakusho Scholarship.

Meanwhile, Bordey, an economist, was former head of PhilRice’s Socioeconomics Division. She leads the DA-FSSP-funded project titled Benchmarking the Philippine Rice Economy Relative to Major Rice-Producing Countries in Asia. In 2010, she was the program lead of the Impact evaluation, policy research and advocacy program of the Institute. She obtained her PhD in Agricultural Economics at the University of Illinois in 2010 under the Fulbright – Philippine Agriculture Scholarship Program. Bordey has been with PhilRice for more than 15 years and published papers on food policy, trade liberalization, production economics, impact assessment, and climate change.  The new DEDs are expected to oversee the preparation and implementation of various transdisciplinary R&D programs of the Institute.



How Jonathan govt. issued multi billion naira rice import quotas last day in office

Former President Goodluck Jonathan
A few hours to the expiration of President Goodluck Jonathan’s tenure, papers for a huge rice import quota worth billions of Naira were rushed in for the president’s accent, ostensibly as parting gifts to cronies and businessmen close to the power corridor.A state House memo dated May 27, 2015 and obtained by PREMIUM TIMES conveyed the President’s approval of another memo forwarded to him only a day earlier by his Vice President, Namadi Sambo.In the earlier memo dated May 26, 2016, the then Vice President had sought a subsidy approval for select rice importers to bring in a total of 782,000 metric tonnes under what was termed ‘2015 Rice Quota Allocations’.The then President signed the largesse deal on his last day in Aso Rock. But the allocation was rejected, and cancelled by the succeeding Muhammadu Buhari administration.
PREMIUM TIMES had on December 21, 2015, published an investigation detailing the corruption that plagued the 2014 Rice Quota Allocations and how some of the privileged beneficiaries of the rice subsidy colluded with smugglers to subvert the national rice development policy.The report exposed the ingenious ways employed by the beneficiaries to sell their quotas to pure businessmen, helping them to dodge the payment of 40 percent tariff to government.The same ingenuity was deployed to divert cargoes originally meant for Cotonou, a notorious seaport that thrives on welcoming any vessel carrying items on Nigeria’s import prohibition list.
The May 27, 2015 quota was not the first to be released for the year 2015.A botched attempt was earlier made on April 13, 2015 when a list of 22 beneficiary companies was released by the Federal Ministry of Agriculture after what was supposed to have been a laborious due process.However the joy of the new beneficiaries were short-lived when nine days later, on April 22, the same Agric Ministry reversed itself and cancelled and withdrew all allocations.Before the then Agriculture Minister, Akinwunmi Adesina, departed for the African Development Bank as its president, he had in a memo titled ‘Approved List of Companies Allocated Rice Import Quota for April 2015 – March 2016 Period’ and sent to his Finance Ministry counterpart, mentioned that his ministry had identified a domestic rice supply gap of 1.3 million metric tonnes for the year 2015.He said he had, therefore, issued import quota allocations to 22 approved companies to import 961,000 metric tonnes of rice at 10 percent duty and 20 percent levy.
However, in announcing the cancellation of Mr. Adewunmi’s quota list, Permanent Secretary Of the ministry, S. T Echono, talked about a new information reaching the ministry to the effect that some Nigerian rice farmers were unable to sell their paddy to local rice millers due to a flooding of the market with imported rice.Industry watchers blamed the flooding on influx of smuggled rice from Cotonou and Niger Republic.To keen observers, the discordant tunes coming from the same Ministry belied high-powered politics in the scramble for a chunk of a new national cake.The second quota announced by Mr. Adewunmi had new beneficiaries such as Arewa Livestock Farms, African Farms, Olea Nigeria Ltd, Dependable Foods & Confectionary, Blue Line Investments Nigeria Ltd, Quarra Rice, Hammond Wright Nigeria Ltd and Blaine & Wilkes Nigeria Ltd.All of them were however thrown out of the list of the third quota beneficiaries supervised by Vice President Sambo.
The Sambo committee reviewed downward the national supply gap from 1.3 million MT to 782,000 MT just as it pruned beneficiaries from 22 to 20. But even the third quota allocation is not recognised by the Customs service, and is treated as though it never happened.The gulf in the two figures bandied as national supply gap is seen by concerned stakeholders as indicator of how sentiment and cronyism are robbing government of much-needed revenue in the face of dwindling oil fortunes.A policy analyst, Evelyn Beredugoh, blamed the discrepancy on phantom local capacities as claimed by many of the local rice investors.She said, “For you to qualify for import quota you must have a rice farm or rice mill the size of which determines the size of your allocations. Some people call themselves investors even when they have no verifiable business down the rice value chain.
“Some of the investors quote local capacities that are only a figment of their imagination. Because there is no serious verification exercise, these phantom figures are added up as national rice production capacity. The higher the local capacity, the lower the national supply gap.“In the end, you find that the actual supply gap might be higher than the 1.5 million metric tonnes quoted in 2014. The real beneficiaries remain the smugglers while the real investors face hard times in boosting local production which is the only objective of the rice policy.”
http://www.premiumtimesng.com/news/headlines/197242-how-jonathan-govt-issued-multi-billion-naira-rice-import-quotas-last-day-in-office.html








15,000 tons of rice gifted to Cuba


January 23, 2016
Trading Corporation of Pakistan (TCP) dispatched some 15,000 tons rice to Cuba as a gift from people of Pakistan. Sources told Business Recorder on Friday that it was after a long gap that the state-run grain trader has made a export shipment of rice, procured from domestic exporters/traders amounting to around Rs 689 million, while another rice export consignment is likely to be sent next month for Benin. They said that some three domestic exporters/traders have supplied the commodity for the export/gift purpose and a ship `Mv Moleson' carrying 15,000 tons rice, including long grain white rice (IRRT-6) and super Basmati rice, has sailed to Cuba. Following the directives of the federal government in December last year, the TCP initiated procurement of some 15,000 tons of rice for sending it to Cuba as a `gift'.

The TCP invited separate bids for procurement of 10,000 metric tons IRRT-6 and 5,000 metric tons super Basmati rice on Free on Board (FOB) basis. Some 10 exporters/traders submitted bids for supplying IRRT-6. The tender award committee found that the lowest bid of Rs 34,490 per metric tons (exclusive of taxes) on COST & FOB (transit between seller's warehouses and loading on board/vessel) basis for a quantity of 5,000 metric tons IRRI-6 was quoted by M/s KAFI Commodities (Pvt) Limited. As the lowest bid was responsive and competitive, TCP declared M/s KAFI Commodities as successful bidder and issued the award letter for supply 5,000 metric tons to the firm. As the total required quantity was 10,000 metric tons, the tender awarding committee cognisant of the fact that a single vessel has been hired through PNSC for dispatching the cargo and in view of urgency of the matter offered the second lowest bidder - M/s Noor Rice Mills - for price matching of first lowest bidder.

 Claiming that the price matching request was justified in terms of Rule 42(v) (d) of the Public Procurement Rules, 2004, the sources said that M/s Noor Rice Mills accepted the offer and was issued letter for award for supplying remaining quantity of 5,000 metric tons IRRI-6 at a price of Rs 34,490 per metric ton COST & FOB. M/s Noor Rice Mills had earlier submitted bid for 5,000 metric tons of IRRI-6 at a price of Rs 34,987 per metric tons, the sources added.. With regard to procurement of 5,000 metric tons of super Basmati rice, sources said that some six exporters/traders submitted their bids and the tender award committee declared M/s Chappal Traders as the successful bidder as it offered 5,000 metric tons super Basmati rice at the rate of Rs 68,920 per metric ton, excluding taxes on COST & FOB (transit between seller's warehouses and loading on board/vessel) basis
http://www.brecorder.com/agriculture-a-allied/183/9209/





Stakeholders canvass research to improve agriculture

January 24, 2016
Anna Okon
Stakeholders in the agriculture sector have emphasised the need for research development to improve the agricultural sector.According to the Group Executive Director, Elephant Group, Mr. Akin Ogunbiyi, since the the focal point of the current administration was to boost agriculture to diversify the economy, there is an urgent need to adopt technology and research in identifying products in which the country has comparative advantage.Ogunbiyi, in a recent interview, advised the the nation to look at research development in the sector and boost agriculture extension programmes.

Also, the President, Kaduna Chamber of Commerce, Industry, Mines and Agriculture, Dr. Abdul Bello, in an interview with our correspondent, emphasised the need for research in the sector, lamenting that Nigeria had continued to record poor crop yields, while there were soil testing laboratories lying waste.He also stressed the need for the sector to embrace technology, adding, “We must learn to work with Information and Communications Technology. Rwanda has adopted ICT in every sector of its economy and everything in that country is currently working. Nigeria should do the same.”Bello made a case for the decentralisation of the agriculture ministry, adding that little could be achieved by concentrating everything at the centre.

The Chairman, Rice Millers, Importers and Distributors Association of Nigeria, Mr. Tunji Owoeye, on his part, decried the effect of policy inconsistency on the development of large-scale farming and backward integration.He urged the government to encourage large-scale farming through consistent and stable policies, adding that Nigeria had become one of the largest producers of cassava today because of past government policies that encouraged cultivation of cassava.“If Nigeria can be the largest producer of cassava in the world, with the right political will and consistent policies, we can also be the largest producers of other commodities including rice,” he said.

He advised that government policies targeted at the growth of agriculture such as the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending should be maintained.He also said government should increase access to credit for the value-chain operators, improve the capacity of NISRAL to take on insurance and risks more to support the teeming value-chain operators across all the products.To make Nigeria succeed as a net producer and exporter of rice, Owoeye suggested that the 10 rice mills approved by the Federal Executive Council of the previous administration should be made to come on stream.“If we put those 10 on stream, with the capacity of 35,000 metric tonnes per mill, that is about 350,000 metric tonnes added to the nation’s paddy processing. This would encourage our farmers, create employment and bring down pressure on the foreign exchange,” he said.He added that agribusiness must be technologically driven as it is done in the western world.
Contact: editor@punchng.com
http://www.punchng.com/stakeholders-canvass-research-to-improve-agriculture/

Jonathan Signed Multi-Billion Naira Rice Deal Before Handover

·          
·          
Details have emerged of how the former president, Goodluck Jonathan signed a multi-billion Naira rice import quota deal a few hours to the expiration of his tenure, Premium Times Reports.
A state house memo dated May 27, 2015 showed that Jonathan signed the approval of another memo forwarded to him by Namadi Sambo, the then vice president a day earlier.In the memo, Sambo had sought a subsidy approval for select rice importers to bring in a total of 782,000 metric tonnes under what was termed ‘2015 Rice Quota Allocations’.Jonathan had signed the deal on his last day in office but the allocation was subsequently rejected and cancelled by the incoming president, Muhammadu Buhari.

The beneficiaries of the rice subsidy had been colluding with smugglers to subvert the national rice development policy and dodge the payment of 40 percent tariff to government.It was reported that effort had earlier been made in April 13, 2015 when the Ministry of Agriculture released a list of 22 beneficiary companies for the rice quota but the list was withdrawn a few days later by the ministry.Akinwunmi Adesina, he then minister of agriculture had in a memo titled ‘Approved List of Companies Allocated Rice Import Quota for April 2015 – March 2016 Period’ and sent to the Ministry of Finance mentioned that his ministry had identified a domestic rice supply gap of 1.3 million metric tonnes for the year 2015 and so issued import quota allocations to 22 approved companies to import 961,000 metric tonnes of rice.

However, Sonny Echono, the permanent secretary in the Ministry of Agriculture cancelled the quota list on the ground that information reaching him showed that Nigerian rice farmers were unable to sell their paddy to local rice millers due to a flooding of the market with imported rice.A new quota was released and contained new beneficiaries such as Arewa Livestock Farms, African Farms, Olea Nigeria Ltd, Dependable Foods & Confectionary, Blue Line Investments Nigeria Ltd, Quarra Rice, Hammond Wright Nigeria Ltd and Blaine & Wilkes Nigeria Ltd but all of them were thrown out in the quota supervised by the vice president. The Sambo quota made changes by cutting the beneficiaries from 22 to 20 but the customs serviced refused to honour it.Evelyn Beredugoh, a policy analyst said some people parade themselves as investors even when they had no business in the rice chain.


“For you to qualify for import quota you must have a rice farm or rice mill the size of which determines the size of your allocations. Some people call themselves investors even when they have no verifiable business down the rice value chain.

 “Some of the investors quote local capacities that are only a figment of their imagination. Because there is no serious verification exercise, these phantom figures are added up as national rice production capacity. The higher the local capacity, the lower the national supply gap.
“In the end, you find that the actual supply gap might be higher than the 1.5 million metric tonnes quoted in 2014. The real beneficiaries remain the smugglers while the real investors face hard times in boosting local production which is the only objective of the rice policy.”

https://www.naij.com/706238-revelation-jonathan-signed-multi-billion-naira-deal-hours-tenure-expiration.html





 

Airlift The Rice To Monrovia, Please!


Mon, 01/25/2016 - 00:22 admin

In the Observer’s end-of-year edition, we made Lofa County farmer John Selma Person of the Year. The choice for us was clear. Here was a man who, after all of the noise the international community had made over food sustainability, galvanized a group of Lofa farmers and decided they would produce enough rice to feed the country. The Liberian government has long paid lip service to agriculture, and these patriotic, hardworking Liberians had decided that that notwithstanding, they would grow enough food to feed their country—at their own expense.The farmers borrowed money from a village loan and savings scheme, expanded their farms and yielded an abundant harvest. They were overjoyed—until they found out that there was no way of getting their produce to market and their government was wasting time in helping them.

Then last week, we found out that the farmers were in trouble—that they could face legal action if they were not able to pay back the money they borrowed to expand their farms.The Observer contacted the Ministry of Agriculture to ask whether the government could mandate that rice importers purchase rice from local farmers before being allowed to import it from India and China. The Ministry of Agriculture said that was the Commerce Ministry’s job. When the
Observer contacted the Commerce Ministry, they said they were waiting for the Ministry of Agriculture to take the lead in mandating that foreign rice importers buy from Liberian farmers first before being allowed to import.

Economically and logically speaking, food produced in-country should be much less expensive than imported food. But the price of locally grown rice (affectionately known as ‘country rice’) is on par with the price of imported rice on the Liberian market mainly because of the cost of transporting it to Monrovia on very bad roads.So the farmers have done their part. Whose job is it now to ensure that they are able to sell their rice at a profit so that their families are fed and their children go to school? So that in such a tough economy, as Varney Sherman has already warned us, there is an affordable and sustainable alternative on the market as far as the supply of our staple food is concerned? So that more and more Liberians are encouraged to go back to the soil in a country so rich in vegetation? So that we do not wake up one day to find this country embroiled in another April 14?

We can answer most unequivocally that it is the government of Liberia’s (GOL) job. Whom do they expect to build farm-to-market roads? These farmers are not asking for a handout; nor did they drink and party away the money they borrowed. They have the evidence to show that they did what they were supposed to with the money. They were responsible and even united. And must they now be punished for such a patriotic initiative?

The government of Liberia is creating around this issue an air of impossibility, as if fixing the roads would be the only way to get the rice to markets. Why has the government of Liberia not contracted cargo planes from Ghana, Nigeria or even asked the United Nations Mission in Liberia (UNMIL) to make the rice available on the market? Surely rice milling machines can be made available to the farmers (we understand they are made in Ganta).

And so, as we understand it, there is absolutely no other reason why Liberian ‘country rice’ is not being sold on the market at a competitive price other than a lack of commitment on the part of the GOL. So what really is the problem that causes the GOL consistently to give foreigners preference over Liberians in their own country? It seems the determined and unconscionable propensity (inclination) of this government to want to outsource EVERYTHING—why? Has the government lost confidence in its own people, and in itself?

We recently learned that the GOL has its eye on the privatization of education in this country—“Public-private partnerships” as they are called. Whose curriculum will these foreign-run schools be using? Will education be contextualized to our culture and environment or will our children see things they cannot relate to in their text books?

Today President Ellen Johnson-Sirleaf is scheduled to deliver her Annual Message to the Legislature. We suggest that one of the first things she should tell them is that GOL will airlift the rice produced by Lofa and other farmers around the country to Monrovia, have it milled and sold without delay so that none of this momentous (historic, extraordinary) harvest is lost and the patriotic initiative of these hardworking farmers does not go in vain. GOL cannot afford to let the Lofa farmers down and run the risk of totally discouraging farming in Liberia.

The President should also outline and activate every resource needed to implement a serious agenda for agricultural transformation in Liberia, focusing most especially on four crops: cocoa, coffee, rice and vegetables. Financing agriculture and good roads are the other legs of this important stool of our national economy.She cannot help but deliver to the Legislators a litany of economic woes. The agenda for the transformation of agriculture, focusing particularly on these four crops and speeding up road building and maintenance would spell the answer to the economic crisis.If the Sirleaf-led administration fails this country at a time such as this, if they sit back and watch the farmers drown with their hands extended for help, history will judge Ellen Johnson Sirleaf most harshly.
http://www.liberianobserver.com/editorials/airlift-rice-monrovia-please







Taste Takes Center Stage at Cambodia Rice Festival

Khmer Times / Chea Vannak

Sunday, 24 January 2016


The third annual Cambodia Rice Festival is aiming to continue to raise the brand profile of Cambodia’s “white gold” by adding a cooked-rice competition this year that will allow visitors to taste the best rice the Kingdom has to offer as well as help select the top rice millers in the country, according to members of the Cambodia Rice Federation.  The festival began yesterday and runs until tomorrow at Sokha Hotel. Federation members said that although Cambodia fell far short of the government’s rice-export target of 1 million tons last year, exports surged by almost 40 percent to 538,396 tons, and have been rising steadily from the about 100,000 tons exported in 2010. The introduction of a cooked-rice competition is intended to give visitors to the festival the chance to taste dozens of varieties from dozens of millers, federation members said.

The festival draws producers, millers and exporters to identify solutions that will continue to reduce the bottlenecks and barriers preventing exports from rising, festival organizers say.Through the competition, visitors, both Cambodian and foreign nationals, will have a chance to test the cooked rice, federation president Sok Puthivuth said. “Our [members] clearly know what the best quality rice is,” he added. Mr. Puthivuth said that promoting the quality of Cambodian rice was one way of increasing its export.The competition will also aim to identify the rice millers who produce the highest quality rice, Mr. Puthivuth said.  Pov Bunnarith, director of marketing and promotion at the federation, told Khmer Times that 37 samples of rice had been submitted to the competition by millers and export firms, and these include romdul fragrant rice, which has been named the best rice in the world for three consecutive years.

The rice samples submitted have been divided into four groups, and one from each group will win top prize, Mr. Bunnarith said.  Despite being named the best rice in the world, exports of Cambodia’s romdul fragrant rice continue to be dwarfed by exports from other countries in the region, including Thailand and Vietnam, federation members say.  Te Taing Por, president of the Federation of Associations for Small and Medium Enterprises of Cambodia, said Cambodian rice is gradually gaining recognition globally. “We can see the amount of milled rice shipments has sharply increased annually over the last five year,” he said, noting that they rose more than fivefold from 2010 to last year.  

Many companies attending the festival are displaying agricultural products and machinery, signaling a shift from traditional to more advanced rice-growing techniques, federation members pointed out. Executives representing the entire value chain are networking to find partners and increase productivity, federation members said. The festival is a platform for the private sector to brainstorm on how to improve the sector, they said.

Kuwaiti farms yield rare produce for the first time in Mideast history

 


24/01/2016         |              LOC17:55



  

KUWAIT, Jan 24 (KUNA) -- Kuwait possesses diverse agricultural profits that are adequate to cover the country's nutritional needs, thanks in part to national farmers who have always sought to add variety to their produce.Farming in Kuwait had begun in earnest several years ago, only to morph into a pillar of the country's economy as a result of persistent government support and farmers' steadfast efforts, all to ensure nutrition security.Kuwaiti farmer Yousef Al-Kirabani has always aimed to diversify his produce, as he was able to cultivate rare produce made locally, for the first time in the history of the country.In comments to KUNA, Al-Kirabani said that the agricultural sector in Kuwait has experienced exponential growth over the last few years, having witnessed "unprecedented produce that has been introduced to the Middle East for the first time." Moreover, Al-Kirabani pinpointed Al-Wafra farms as hotbeds of rare produce such as black tomatoes, white strawberries, saffron and Basmati rice.

The cultivation of rare produce has become a cornerstone of the agricultural world, Al-Kirabani noted, pointing to the numerous nutritional benefits that such produce contain.Black tomatoes have been proven to be a rich source of antioxidants that help combat cancer and diabetes, he added."We aim to debunk common perception that Kuwaiti lands are not fertile through cultivating rare produce," Al-Kirbani said."We have proven to everybody that we are capable of producing special products on our own through experimenting with various methods, and are now able to cultivate staple products such as Basmati rice," he added.The Kuwaiti farmer also revealed plans to "maximize production and sell the produce locally to a number of firms including hotels and restaurants." "The unthinkable has become reality as Kuwait has proven that it is fully capable of yielding the most superior of products, eclipsing many countries in the Middle East." (end) tab.nam

               


                                                 
               


























































Latest rice seed market research for agriculture sector released with historic and forecasts data

WhaTech Channel: Agriculture Market Research
Published on Monday, 25 January 2016 19:08
Submitted by eMarketOrg WhaTech - Pro +
News from: eMarketOrg.com
Reads: 2 times
Rice Seed Industry 2016 Market Research Report is a professional and in-depth study on the current market state of rice seeds providing a basic overview of the industry including definitions, classifications, applications and industry chain structure.
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The Rice Seed market analysis is provided for the international market including development history, competitive landscape analysis, and major regions’ development status. Development policies and plans are discussed as well as manufacturing processes and cost structures.
This report also states import/export, supply and consumption figures as well as cost, price, revenue and gross margin by regions (United States, EU, China and Japan), and other regions can be added.
This research on rice seed market helps focus on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out.
What’s more, the Rice Seed industry development trends and marketing channels are analyzed.
Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered. Companies profiled in this rice seed market report include Dupont Pioneer (USA), Bayer (Germany), Nuziveedu (India), Kaveri (India), Mahyco (India), RiceTec (USA), Krishidhan (India), Rasi Seeds (India), JK Seeds (India), Syngenta (Switzerland), Longping (China), China Seed (China), Grand Agriseeds (China)¸ DBN (China)¸ Hefei Fengle (China), Win-all Hi-tech (China), Gansu Dunhuang (China)¸ Dongya Seed (China), KeepLong Seeds (China), Hengmao (China)¸ OPULENT Technology (China)¸ Zhongnongfa (China)¸ Anhui Nongken (China), Beijing Doneed (China), Origin Seed (China)¸ Hefei Fengbao (China) and CHENGDU JINZHUO (China).













Recipes from Mughlai and Awadhi kitchen
DECCAN CHRONICLE
PublishedJan 22, 2016, 12:12 am IST
UpdatedJan 22, 2016, 12:09 pm IST
Explore the authentic flavours of Mughlai and Awadhi cuisine from the North-West Frontier with these delectable hand-picked recipes.
 Galouti kebab
Galouti kebab
Ingredients
500 gm mutton mince
100 gm raw papaya
10 gm salt
3 tsp red chilli and garam masala powder
1 tsp black pepper powder
100 gm fried onion
50 gm roasted channa powder
50 gm cashewnuts
50 ml kewda water
100 ml ghee
5 cloves
 Method
Clean the papaya, peel cut into cubes and make a fine paste, add salt.
Make a paste of fried onion & cashewnut, keep separate.
Mix all the spices & above paste with mutton mince.
Smoke the mixer with ghee and clove to infuse the aroma.
Make small round cakes & grill it on hot plate.
Cook both sides and serve hot.
Aloo ka bharta
Ingredients
500 gm diced potato
100 gm diced onion and tomato
5 gm chopped garlic, a little methi seeds
1 tsp each of salt, red chilli, turmeric, chat masala
50 gm freshly chopped coriander
1 tbs ghee
10 gms garlic leaf
 
Method
Roast or boil the potato well.
Then, crush the potato in chunks and mix with all the masalas, raw onion and tomato.
Heat oil in a pan; temper whole methi seeds till brown. Add turmeric powder and potato mixture. Cook for five minutes.
Finish with ghee, garlic leaves and chopped coriander leaves.
Serve hot.
Aloo ka Bharta
Pineapple Ka Muzafar
Ingredients
1 kg (each) of pineapple, basmati rice and sugar
50 ml Kewda
1 gm saffron
15 green cardamoms
10 cloves
250 gm khoya
2 tsp food colour (orange)
250 ml ghee
20 gms pista
20 gm almond
Method
Peel pineapple and cut into small strips.
Soak rice for 40 minutes
In a pan add a glass of water, sugar and make syrup. Later on add pineapple with dry fruit cook it for a  minute.
Take another container add 4 litres water with cloves, cardamom and food colour, boil it. Add rice into boiled water and cook it till 70 percent.
Strain the rice and cook the rest in sugar syrup till it gets reduced. Finish with khoya and ghee.
Pineapple Ka Muzafar
— Recipes courtesy Chef Anwar Ali Ansari in the guidance of Chef Satya Kedarnath (aka Chef Sunny), Terracotta’s kitchen,,Vivanta by Taj
Tags: foodlifestylemughlai

APEDA Rice Commodity News

International Benchmark Price
Price on: 21-01-2016
Product
Benchmark Indicators Name
Price
Garlic
1
Chinese first grade granules, CFR NW Europe (USD cent/t)
2100
2
Chinese Grade A dehydrated flakes, CFR NW Europe (USD/t)
2000
3
Chinese powdered, CFR NW Europe (USD/t)
1800
Ginger
1
Chinese sliced, CIF NW Europe (USD/t)
2150
2
Chinese whole, CIF NW Europe (USD/t)
2300
3
Indian Cochin, CIF NW Europe (USD/t)
2850
Guar Gum Powder
1
Indian 100 mesh 3500 cps, FOB Kandla (USD/t)
3840
2
Indian 200 mesh 3500 cps basis, FOB Kandla (USD/t)
1240
3
Indian 200 mesh 5000 cps, FOB Kandla (USD/t)
2360
Source:agra-net
For more info
Market Watch
Commodity-wise, Market-wise Daily Price on 23-01-2016
Domestic Prices
Unit Price : Rs per Qty
Product
Market Center
Variety
Min Price
Max Price
Rice
1
Aroor (Kerala)
Other
3000
3200
2
Srirampur (Assam)
Common
2900
3200
3
Gajol (West Bengal)
Other 
1750
1850
Wheat
1
Dahod (Gujarat)
Lokwan
1800
1950
2
Bangalore (Karnataka)
Local
2600
3200
3
Bolpur (West Bengal)
Other
1660
1700
Guava
1
Batala (Punjab)
Other
1300
1500
2
Solan (Himachal Pradesh)
Other
2200
2400
3
Nasik (Maharashtra)
Other
1250
2250
Brinjal
1
Jagraon (Punjab)
Other
1000
1240
2
Jalgaon (Maharashtra)
Other
1500
2500
3
Gajol (West Bengal)
Other
1100
1300
For more info
Egg
Rs per 100 No
Price on 23-01-2016
Product
Market Center
Price
1
Ahmedabad
427
2
Hyderabad
385
3
Namakkal
406
Source: e2necc.com
Other International Prices
Unit Price : US$ per package
Price on 22-01-2016
Product
Market Center
Origin
Variety
Low
High
Onions Dry
Package: 40 lb cartons
1
Atlanta
Peru
Yellow
24
25
2
Chicago
Nevada
Yellow
34.50
34.50
3
Detroit
Peru
Yellow
23
25.50
Carrots
Package: 20 1-lb film bags
1
Atlanta
California
Baby Peeled
20.25
20.75
2
Chicago
California
Baby Peeled
17
17.50
3
Dallas
Arizona
Baby Peeled
16
16.75
Grapes
Package: 18 lb containers bagged
1
Atlanta
Peru
Red Globe
27
31
2
Chicago
Peru
Red Globe
23
25
3
Miami
Peru
Red Globe
25
28
Source:USDA



14 January 2016 Daily ORYZA Rice E-Newsletter by Ricpelus Magazine

Presents Seminar on
Role of Media and Society in Building Innovative Pakistan – Science, Technology and Innovation
Date: 19th January, 2016 (Tuesday) Time: 10:30am-01.00pm
Venue: University of Management and Technology, Lahore
The aim of the SATHA Seminar is to highlight critically important but generally neglected area of Science, Technology and Innovation Policies and Practices in Pakistan. The seminar will bring attention of stakeholders towards the undeniable role of science, technology and innovation for the socio-economic development of the country and hence, will advocate promotion of research and innovation for the benefit of the industry and public at large.
Tentative Program
10:30am:     Registration – Seating - Recitation 
11:00am:     Welcome by President SATHA
11:10am:     Highlights of the PCST-IRP joint study on “Encouraging Problem Solving Research in Pakistan” by Dr. Tariq Bashir, PCST
The study was jointly conducted by PCST and IRP on how to encourage and promote need-based R&D and innovation in Pakistan. The data was collected from 350-400 experts of 150+ organizations of industry, academia and public sector through consultative workshops held allover Pakistan.
11:25am:   Competiveness of Rice Sector of Pakistan and Role of Research Institutions by Dr. Hamid Malik CEO, Induss Pak
11:40am:   Role of Media in Building Innovative Pakistan by Mr. Habib Akram Executive Editor, Dunya TV
11:55am:   Role of Media in Building Innovative Pakistan by Saleem Bokhari, Editor, The Nation 
12:10pm:  Role of Society in S&T –Akhuwat Triple Helix Model - Society, Academia and Govt. Collaboration by Dr. Amjad Saqib, Executive Director, Akhuwat
12:25pm:   Address by Guest of Honor- Dr. Anwar ul Hassan Gilani, Chairman, PCST
12:40pm:   Address by Chief Guest - Fahd Husain, Executive Director, Express News
12:55pm:   Note of Thanks by Mr. Rashid Khan, Assistant Professor, Media Dept., UMT  
01:00pm:   Closing


                   
               
Contact:      Anum Akmal, Program Coordinator, SATHA–ORIC, UMT, Lahore
Email: satha@irp.edu.pk  Ph. 042- 35212801 Ext: 3744
University of Management and Technology, Lahore
C II, Johar Town, Lahore-Pakistan

Wholesale Basmati Rice Prices in India Decline on Low Demand

Jan 13, 2016
Wholesale basmati rice prices have declined today due to sluggish demand from traders, according to the Press Trust of India (PTI).
On January 13, 2016, prices of Pusa 1121 declined to around Rs.4,250 - 4,900 per quintal (around $637 - $734 per ton) from previous quotes of around Rs.4,350 - 5,000 per quintal (around $652 - $749 per ton).
Prices of common basmati rice  declined to around Rs.5,300 - 5,400 per quintal (around $794 - $809 per ton) from the previous level of around Rs.5,400 - Rs.5,500 per quintal (around $810 - $825 per ton).
However, traders attributed the decline in wholesale basmati prices to subdued demand from retailers.
Global Rice Quotes
January 13th, 2016
Long grain white rice - high quality
Thailand 100% B grade   360-370                ↔
Vietnam 5% broken        350-360                ↔
India 5% broken               355-365                ↔
Pakistan 5% broken        330-340                ↔
Myanmar 5% broken      410-420                ↔
Cambodia 5% broken     425-435                ↔
U.S. 4% broken                 465-475                ↔
Uruguay 5% broken        495-505                ↔
Argentina 5% broken     490-500                ↔
Long grain white rice - low quality
Thailand 25% broken      340-350                ↔
Vietnam 25% broken      340-350                ↔
Pakistan 25% broken      305-315                ↔
Cambodia 25% broken   410-420                ↔
India 25% broken             325-335                ↔
U.S. 15% broken               485-495                ↔
Long grain parboiled rice
Thailand parboiled 100% stxd     355-365                ↔
Pakistan parboiled 5% broken stxd          405-415                ↔
India parboiled 5% broken stxd                 345-355                ↔
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%   675-685                ↔
Vietnam Jasmine             440-450                ↑
India basmati 2% broken              NQ         ↔
Pakistan basmati 2% broken       NQ         ↔
Cambodia Phka Mails     745-755                ↔
Brokens
Thailand A1 Super            315-325                ↔
Vietnam 100% broken   335-345                ↔
Pakistan 100% broken stxd          285-295                ↔
Cambodia A1 Super        350-360                ↔
India 100% broken stxd                 265-275                ↔
Egypt medium grain brokens      NQ         ↔
U.S. pet food     295-305                ↔
Brazil half grain NQ         ↔
All prices USD per ton, FOB vessel, oryza.com

EU Rice Imports from Asian LDCs Increase Sharply in First Four Months of 2015-16

Jan 13, 2016
The European Union's (EU) rice imports from the Least Developed Countries (LDCs) of Asia such as Cambodia and Myanmar under the Everything But Arms (EBA) Agreement have reached around 116,697 tons in the first four months of the crop year 2015-16 (September - December 2015), up about 42% from around 82,477 tons imported during the same period last year, according to data from the European Commission (EC).
The EC data shows that imports from Cambodia (which account for about 84% of total imports from Asian LDCs in September – December 2015) increased about 44% to around 98,301 tons from around 68,364 tons during the same period last year. On the other hand, rice imports from Myanmar (which account for about 16% of total imports from Asian LDCs in the first four months of 2015) have increased about 35% to around 16,773 tons from around 12,429 tons during the same period last year.

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Tumble as Market Digests Bearish USDA S&D Outlook; Corn and Beans Follow through Buying while Wheat Slips

Jan 14, 2016
Chicago rough rice futures for Mar delivery settled 41.5 cents per cwt (about $9 per ton) lower at $11.300 per cwt (about $249 per ton). The other grains finished the day with mixed results; Soybeans closed about 0.6% higher at $8.8000 per bushel; wheat finished about 0.7% lower at $4.7800 per bushel, and corn finished the day about 0.4% higher at $3.5800 per bushel.
U.S. stocks traded lower Wednesday as low oil prices and consumer discretionary stocks weighed. WTI crude oil futures tried to hold slightly higher near $30.50 a barrel after briefly falling below the psychologically key $30 level Tuesday and hitting a fresh 12-year low. Brent traded lower, also near $30.50 a barrel. China's crude oil imports hit a record high in December, while copper imports were the second highest on record, according to customs data. Overall Chinese exports and imports fell by less than expected in December, leaving a trade surplus of over $60 billion for the month, the data showed. The economy likely had its weakest annual growth in 25 years. China GDP data is expected next week. The Shanghai composite stock index erased early gains to close 2.4% lower, while Asian markets mostly closed higher on Wednesday. European stocks pared gains to end mixed. In midday trade, the Dow Jones industrial average declined 96 points, or 0.59%, to 16,418. The S&P 500 fell 11 points, or 0.58%, to 1,927, with consumer discretionary leading eight sectors lower and utilities and telecommunications the only gainers. The Nasdaq composite declined 46 points, or 0.98%, to 4,638. Gold is seen trading about 0.3% higher, crude oil is seen trading about 0.8% lower, and the U.S. dollar is seen trading about 0.1% higher at about  1:00pm Chicago time.
Tuesday, there were 471 contracts traded, up from 355 contracts traded on Monday. Open interest – the number of contracts outstanding – on Tuesday increased by 99 contracts to 13,469.

European Paddy Quotes Remain Firm in First Week of January 2016

Jan 13, 2016

European paddy quotes showed no substantial movements during the week December 29, 2015 - January 05, 2016, according to the European quotations supplied by the European Commission (EC) on January 5, 2016. Official paddy quotes were not available in some countries.
Below are the European quotations supplied by the EC on January 5, 2016.

SPAIN - Japonica paddy slightly decreasing at 291 euros (about $ 315) per ton, down from 294 euros (about $ 319) per ton on December 29, 2015. Indica paddy was fixed at 256 euros (about $ 277) per ton, slightly decreasing from 255 euros (about $ 276) per ton of the previous week. Milled Japonica rice quoted 587 euros (about $ 637) per ton, unchanged.                                       
PORTUGAL - Portuguese paddy varieties received no quotations.   
GREECE – Greek paddy varieties received no quotations. 
ROMANIA -  Prices were fixed only on January 5: Japonica paddy was out at 320 euros  (about $ 347) per ton and Indica paddy at 327 euros (about $ 354) per ton. As for milled rice, no quotes were indicated.
BULGARIA - Japonica paddy quotations are firm at 294 euros (about $ 319) per ton. Japonica milled rice prices are unchanged at 872 euros (about $ 946) per ton.
FRANCE - No variety of milled rice was quoted on January 5, 2016; on December 29, 2015 round milled rice was out at 620 euros (about $ 672) per ton, Long A at 600 euros (about $ 651) per ton, Long B at 610 euros (about $ 662) per ton.

Cambodia Needs to Invest About $550 Million in Rice Value Chain to Achieve One Million Ton Export Goal, Says CRF Official

Jan 13, 2016
The government of Cambodia should invest about $550 million the rice production and supply chain to achieve the one million ton export target, local sources quoted an official from the Cambodia Rice Federation (CRF).
The official noted that the CRF requires at least 2.5 million tons of paddy, including both fragrant and white types, to process one million tons of milled rice for exports. He also noted that advanced storage facilities are also required to achieve the goal.
He noted that earlier China had proposed to invest about $320 million to develop the country's rice milling sector, but new studies have found that the sector over $500 million for the purpose. He urged the government to facilitate loans for the development of the sector.
Other exporters added that funds are needed to build warehouses, rice silos, develop human resources and upgrade equipment for harvesting rice and transporting it to warehouses and ports. Such facilities are needed to ensure uninterrupted rice supplies for exports, they said. Some exporters opined that the development of the sector would also help the exporters to reduce prices in line with the global prices.
Cambodia's rice exports increased significantly in 2015 though the one million ton target could not be reached. Cambodia exported around 538,396 tons of milled rice in 2015 up about 39% from around 387,061 tons exported during the same period last year.

Government of India Procures 20.81 Million Tons of Rice as of January 12, 2016 in KMS 2015-16, Up 32% from Last Year

Jan 13, 2016

The Food Corporation of India (FCI), the nodal agency for food grain procurement and distribution has procured around 20.81 million tons of rice as of January 12, 2016 in KMS 2015-16 (October 2015 - September 2016), up about 32% from around 15.74 million tons last year, the Economic Times quoted a news release by the Food Ministry.
Paddy procurement is said to have increased in this season despite the country receiving below-average monsoon rains in 2015 due to a decline in prices of common variety of rice in various markets across the country.. The major increase in procurement of paddy has taken place in Punjab, Haryana, Chhattisgarh, Andhra Pradesh, Odisha and Uttar Pradesh, according to the news release.
Based on the current pace of procurement, analysts have forecasted that government's rice procurement in KMS 2015-16 may exceed last year's level of 32 million tons. The government of India is planning to procure around 30 million tons of rice in the KMS 2015-16.
Food Ministry sources noted that the government of India provided an additional funding of Rs.10,000 crore to the FCI this month to ensure that it has sufficient funds to pay to the farmers and the state government agencies for procurement of paddy.
India’s rice stocks in the central pool as of January 1, 2015 stood at around 26.025 million tons (including a milled equivalent of about 13.34 million tons of paddy), up about 14% from around 22.79 million tons recorded during the same period last year, according to FCI.

Oryza U.S. Rough Rice Recap - Steep Price Declines Seen a Day after Bearish USDA Report

Jan 14, 2016
The U.S. cash market was materially weaker today, a day after the USDA increased their 2015/2016 long grain ending stocks estimate by 2.2 m cwt to 23.0 m cwt from last month’s report.
Analysts note that many farmers were hopeful that this month’s report would be friendly to prices however the large and somewhat questionable 6.0 m cwt reduction in domestic and residual use shattered those hopes.
Meanwhile, high water levels on the Lower Mississippi River continues to hamper barge loading operations and at least one a river closure was reported yesterday after a tow hit a bridge in Vicksburg, MS, sinking some of the barges it was moving.

Re-Seeding of Paddy Acquired from Non-Seeding Companies Not Allowed, Says Italian Ministry

Jan 13, 2016
The Italian Ministry of Agriculture and Forestry (MIPAAF) has reportedly announced that paddy acquired from non-seed breeding companies will not be allowed in Italy.
However, the MIPAAF has clarified that the paddy grown in one's own farm can be used for re-seeding purposes.
The Ministry noted that the Ente Risi (ENR), the National Agency for Rice, must promptly report any detected anomaly to the Central Inspectorate for the prevention of Fraud, which will carry out controls during the marketing phase.
The issues related to the re-seeding of paddy will be discussed in a special technical meeting, which will be conducted in Ente Risi Research Center in Castello d'Agogna on February 4, 2016. The meeting will reportedly discuss the current themes of rice growing in Italy.

USDA Raises Estimates for U.S. 2015-16 All Rice Supplies on Higher Production

Jan 13, 2016
In its January 2016 World Agricultural Demand and Supply Estimates (WASDE) report, the USDA raised estimates for the U.S. all rice supplies to around 12.02 million tons, up from its last month's forecast of 11.97 million tons due to an expected increase in all rice production. However, the supplies are estimated to be lower from last year's 12.56 million tons. While supplies of long-grain rice are expected to be unchanged at last month’s 8.16 million tons, supplies of short- and medium-grain rice at around 3.76 million tons, up from last month's estimates of 3.72 million tons.
The USDA raised estimates for U.S. all rice production to around 8.72 million tons from its last month’s forecast of 8.65 million tons due to an expected increase in acreage and yields. While estimates for production of long-grain rice is raised to 6.03 million tons from last month's estimates of 6.01 million tons, estimates for production of short- and medium-grain rice are raised to around 2.69 million tons, up from last month's estimates of 2.65 million tons.
The USDA estimates for U.S. all rice acreage to increase to 1.032 million hectares, up from its last month's estimates of 1.028 million hectares. It estimates yield per hectare to increase to around 8.4 tons, up from last month's estimates of 8.35 tons.
The USDA lowered estimates for U.S. all rice imports to around 1.09 million tons, down from its last month’s forecast of 1.11 million tons based on slower pace to date.
The USDA lowered its estimates for 2015-16 U.S. all rice use to 5.49 million tons, down from last month's forecast of 5.76 million tons due to an expected decline in the estimates of long -grain use to 3.99 million tons from last month’s forecast of 4.26 million tons. The USDA raised its estimates for 2015-16 U.S. all rice exports to 4.63 million tons, up from last month's forecast of 4.45 million tons due to an expected increase in the exports of long -grain to 3.13 million tons from last month’s forecast of 2.95 million tons.
The USDA increased its estimates for 2015-16 U.S. all rice ending stocks to 1.9 million tons, up from last month's forecast of 1.76 million tons due to an expected increase in the estimates of both long -grain and short- and medium- ending stocks.
Average farm prices of all paddy rice, long-grain paddy rice and combined medium- and short- grain paddy rice are expected to decline to around $279.98 - $302.03 per ton, around $242.51 - $264.55 and $365.96 - $388 per ton respectively.

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

Jan 13, 2016
Vietnam rice sellers increased their quotes for Jasmine rice by about $15 per ton to about $440-$450 per ton today. Other Asia rice sellers kept their quotes unchanged today.
5% Broken Rice
Thailand 5% rice is indicated at around $350 - $360 per ton, on par with Vietnam 5% rice shown at around $350 - $360 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 $340 - $350 per ton, on par with Vietnam 25% rice shown at around $340- $350 per ton. India 25% rice is indicated at around $325 - $335 per ton, about $20 per ton premium on Pakistan 25% rice shown at around $305 - $315 per ton.
Parboiled Rice           
Thailand parboiled rice is indicated at around $355 - $365 per ton. India parboiled rice is indicated at around $345 - $355 per ton, about $60 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 $315 - $325 per ton, about $20 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.

Thai OAG Sues Seven More Individuals in Rice Pledging Case

Jan 13, 2016
The Office of the Attorney General (OAG) sued another seven individuals in the rice pledging case, according to local sources.Newly accused are executive in rice mills who are reportedly known to have colluded with the former Commerce Minister related to a government-to-government (G2G) deal between the Thai and Chinese governments.Public prosecutors filed their petition with the Supreme Court's Criminal Division for Political Office Holders against the private-company executives, who are understood to have bought rice from government stock, supposedly to be delivered to China, and sold in the Thai local markets.The OAG already filed the charges against the 21 individuals, including the former Commerce Minister, based on the advice of the National Anti-Corruption Commission (NACC). They were reportedly accused of helping two Chinese companies, which were reportedly not authorized by the Chinese government, to seal G2G contracts for about 1.2 million tons of rice with the Thai government without participating in a bid. The 21 individuals are said to have violated the Criminal Code, the Public Competitive Bidding Act and the Anti-Corruption Act. The Supreme Court is hearing the evidences related to the case.

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

21-22 January 2016 Daily ORYZA Rice E-Newsletter by Ricpelus Magazine

Oryza U.S. Rough Rice Recap - Prices Firm Slightly with Futures; Buyers Reluctant to Pay Up

Jan 22, 2016

The U.S. cash market was firmer today with offers from resellers increasing with the futures market; however, most buyers were reluctant to chase these offers higher today.
Analysts note that most farmers remain on the sidelines waiting for prices to improve; however, some believe that the market will need to trade lower in the near term to spur new demand before prices can rally later in the marketing year


Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Find Support from Firmer Beans and Wheat; Oil Moves Higher despite Increased Inventory

Jan 22, 2016

Chicago rough rice futures for Mar delivery settled 14 cents per cwt (about $3 per ton) higher at $10.980 per cwt (about $242 per ton). The other grains finished the day with mixed results; Soybeans closed about 0.5% higher at $8.7850 per bushel; wheat finished about 0.7% higher at $4.7500 per bushel, and corn finished the day about 0.5% lower at $3.6700 per bushel.
U.S. stocks traded mostly higher Thursday, trying to extend Wednesday's late-session recovery as oil recovered slightly from multiyear lows. Also supporting gains were morning comments from European Central Bank President Mario Draghi that raised hopes of more stimulus as early as the March meeting. Data released late Wednesday by the American Petroleum Institute showed crude inventories rose by 4.6 million barrels, while the EIA reported commercial crude inventories rose by about 4 million barrels. Crude inventories climbed to the highest level since 1990. As of afternoon trade Thursday, the major U.S. indexes were down about 8% or more for the year so far and more than 10% below their 52-week intraday highs, in correction territory.
U.S. Federal Reserve Chair Janet Yellen will testify on monetary policy and the economy before the Senate Banking Committee on Feb. 11 and before the House Financial Services Committee on Feb. 10 for the U.S. central bank's semi-annual monetary policy report, Reuters said Thursday. European stocks closed nearly 2% higher after Draghi's comments. Earlier, the European Central Bank kept rates unchanged. In U.S. economic data, weekly jobless claims came in at 293,000, a six-month high.
The January Philadelphia Fed index showed minus 3.5. In early afternoon trade, the Dow Jones industrial average gained 146 points, or 0.93%, to 15,912. The S&P 500 traded up 12 points, or 0.65%, to 1,871, with energy leading eight sectors higher and health care and utilities the only decliners. The Nasdaq composite gained 17 points, or 0.38%, to 4,488. Gold is seen trading about 0.5% lower, crude oil is seen trading about 4.5% higher, and the U.S. dollar is seen trading about 0.1% lower at about  2:00pm Chicago time.
Wednesday, there were 1,133 contracts traded, up from 960 contracts traded on Tuesday. Open interest – the number of contracts outstanding – on Wednesday decreased by 147 contracts to 13,426. 

Tags: Pakistan Rice Export Earnings Decline Sharply in First Six Months of FY 2015-16 Despite Increase in Tonnage

Jan 21, 2016
Pakistan exported around 2.05 million tons of rice (including 189,084 tons of basmati and 1.87 tons of non-basmati) in the first six months of FY 2015-16 (July - December), up about 15% from around 1.53 million tons (251,496 tons of basmati and 1.1 million tons of non-basmati) exported during the same period in FY 2014-15, according to provisional data from the Pakistan Bureau of Statistics (PBS).
However, Pakistan's rice exports declined in terms of value during the said period. Pakistan earned around $869 million during the six months of FY 2015-16, down about 11% from around $977 million earned last year. The decline is attributed to a sharp decline in global rice prices as well as a slow demand.
In December 2015, Pakistan exported around 475,346 tons of rice, down about 13% from around 547,286 tons exported in November 2015 and down about 3% from around 491,452 tons exported in December 2014. In terms of value, Pakistan earned about $180.9 million in December 2015, down about 11% from around $203.6 million earned in November 2015 and down about 24% from their year-ago levels of around $238.2 million.
Pakistan exported around 39,589 tons of basmati rice in December 2015, up about 14% from around 34,600 tons exported in November 2015, and up about 8% from around 36,589 tons exported in December 2014. In terms of value, Pakistan's basmati rice exports earned $34 million in December 2015, up about 10% from around $31 million earned in November 2015, and down about 23% from around $44 million earned in December 2014.
Pakistan exported around 435,757 tons of non-basmati rice in December 2015, down about 15% from around 512,686 tons exported in November 2015 and up about 4% from around 454,863 tons in December 2014. In terms of value, Pakistan's non-basmati rice exports earned $147 million in December 2015, down about 15% from around $172 million earned in November 2015, and down about 24% from around $194 million earned in December 2014.

Pakistan Rice Exporters Advised to Focus on Importers' Specifications to Boost Exports

Jan 21, 2016

The Head of an European supply chain company based in Hamburg, Germany, advised Pakistan rice exporters to focus on meeting the specification of importers, especially to the U.S. and European markets, according to the Nation.
The official was invited as a guest speaker at a workshop organized by the Rice Exporters Association of Pakistan (REAP). The workshop aimed at highlighting the challenges and issues being faced by Pakistan rice exporters to European and American markets.
In his lecture titled ‘Current topics of Basmati Rice-EU market, food safety and authenticity,’ he noted that Pakistan rice exports to European nations has been picking up but advised exporters to pay more attention to issues such as aflatoxins, pesticide residue and also new regulations being made by these markets. He stated that of late, complaints regarding aflatoxins in Pakistan rice consignments have come down considerably. Likewise, he urged the exporters to handle the other issues also in a similar manner.
A large number of exporters attended the workshop.

 

EU Rice Imports Increase Sharply in September 1, 2015 - January 12, 2016

Jan 21, 2016
According to the latest data issued by the European Union (EU), rice imports by the EU increased sharply since the beginning of the crop year 2015-16 (September 1, 2015 - August 31, 2016).
The EU imported about 419,524 tons of rice during the period September 1, 2015 - January 12, 2016, up about 31% from around 392,569 tons imported during the same period last year.
Japonica rice imports increased about 15% to around 30,402 tons in September 1, 2015 - January 12, 2015 period from around 26,511 tons during the same period last year. Indica rice imports increased about 32% to around 389,122 tons during the said period from around 294,936 tons last year.
The UK remained the largest importer in September 1, 2015 - January 12, 2016 period with around 101,903 tons followed by France (75,397 tons), Netherlands (46,412 tons), Germany (31,874 tons), Poland (29,552 tons) and Italy (28,264 tons). Other EU countries imported 106,122 tons.
During the week ended January 12, 2015, the EU imported around 26,514 tons of rice, about twice from around 13,028 tons imported during the week ended January 5, 2015.
The EU imported around 1.143 million tons of rice in the crop year 2014-15, up about 12.7% from around 1.013 million tons imported in the crop year 2013-14.

All Indian States to Implement National Food Security Act by April 2016, Says Food Minister

Jan 21, 2016

All Indian states are likely to implement the National Food Security Act (NFSA), by April 1, 2016, according to a press release by the Ministry of Consumer Affairs Food and Public Distribution.
Under the NFSA, the government of India is providing wheat at Rs.2 per kilogram (around 3 cents) and rice at Rs.3 per kilogram (around 4.5 cents). Twenty five states and Union territories have started implementing the NFSA by the end of last year.
The Minister of Consumer Affairs Food and Public Distribution told in a media briefing that the system of direct cash transfers is being implemented in the states of Chandigarh and Pondicherry. He noted that all the 36 states/union territories in India have online systems for redressal of PDS grievances.
The Minister also stated that the procurement policy for paddy was modified in the KMS 2015-16 (October 1, 2015 - September 30, 2016) based on the recommendations of High Level Committee on restructuring of the Food Corporation of India (FCI) to ensure that all farmers receive the minimum support price (MSP) for their paddy. As a result huge paddy procurement has been made during Kharif season, he said.
The FCI reportedly procured around 20.81 million tons of rice as of January 12, 2016, up about 32% from around 15.74 million tons last year.
India’s rice stocks in the central pool as of January 1, 2015 stood at around 26.025 million tons (including a milled equivalent of about 13.34 million tons of paddy), up about 14% from around 22.79 million tons recorded during the same period last year, according to data from the Food Corporation of India (FCI).

Indonesia to Decide Over Additional Rice Imports Before March 2016

Jan 21, 2016

The government of Indonesia is likely to decide over importing more this year before March 2016, according to Bloomberg. The decision is understood to help the country's state logistics agency Bulog to manage supplies effectively.
The President Director of Bulog noted that the agency had received about 900,000 tons of rice imports by the end of 2015 and will receive the remaining 600,000 tons of rice in the first quarter of 2016. Indonesia imported about 1.5 million tons of rice from Vietnam and Thailand in 2015.
The Bulog official noted that agency currently has 1.49 million tons of rice in stocks.

Vietnam Exporters Foresee Fall in Export Quotes as Thailand Plans to Clear Rice Stocks

Jan 21, 2016

Vietnam rice exporters have expressed concern that Thailand's sale of its rice stocks may significantly push down the export quotes and impact Vietnam's rice exports, according to Vietnam News Agency.
The Chairman of the Vietnam Food Association (VFA) and some exporters were responding to Thailand's plans to clear the remaining 13 million tons of rice in its stockpiles by the end of 2017.
Some exporters reminded that export prices fell significantly in 2013 also when Thailand cleared its stocks and slashed the selling prices. They noted that in September 2013, most of the rice importers adopted a wait and watch approach to see if prices would fall further. Some importers also forced Vietnamese exporters to lower their quotes by threatening to withdraw contracts. Vietnamese exporters had no option but to cut their quotes to around $340 - $360 per ton, which were below the production costs of around $380 - $390 per ton.
However, the Chairman of the VFA also expressed optimism that there are a few favourable conditions for Vietnamese rice this time. A likely decline of Thai rice production and exports is an advantage to Viet exporters, he said.
“Even if Thailand tries to export inventory rice to Vietnam’s loyal markets such as China, Indonesia and the Philippines, Vietnam’s rice will not be dislodged from the markets,” he said. “This is because Thailand only has a modest volume of white rice. These markets mostly consume white rice,” he added.
Some leading exporters added that Vietnam exporters can still expect a decent demand as well as higher prices as they sell rice from the new crops while Thailand tries to clear its old stocks. 
Currently, Viet 5% rice is quoted at around $350 - $360 per ton and Thai 5% rice is quoted at around $355 - $365 per ton.
Global Rice Quotes

January 22nd, 2016
Long grain white rice - high quality
Thailand 100% B grade   370-380                ↑
Vietnam 5% broken        345-355                ↓
India 5% broken               355-365                ↔
Pakistan 5% broken        335-345                ↔
Myanmar 5% broken      415-425                ↔
Cambodia 5% broken     425-435                ↔
U.S. 4% broken                 465-475                ↔
Uruguay 5% broken        475-485                ↔
Argentina 5% broken     470-480                ↔
Long grain white rice - low quality
Thailand 25% broken      345-355                ↔
Vietnam 25% broken      340-350                ↔
Pakistan 25% broken      305-315                ↔
Cambodia 25% broken   405-415                ↔
India 25% broken             325-335                ↔
U.S. 15% broken               445-455                ↔
Long grain parboiled rice
Thailand parboiled 100% stxd     365-375                ↑
Pakistan parboiled 5% broken stxd          405-415                ↔
India parboiled 5% broken stxd                 345-355                ↔
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             425-435                ↓
India basmati 2% broken              NQ         ↔
Pakistan basmati 2% broken       NQ         ↔
Cambodia Phka Mails     750-760                ↔
Brokens
Thailand A1 Super            320-330                ↑
Vietnam 100% broken   330-340                ↔
Pakistan 100% broken stxd          290-300                ↔
Cambodia A1 Super        345-355                ↔
India 100% broken stxd                 260-270                ↔
Egypt medium grain brokens      NQ         ↔
U.S. pet food     280-290                ↔
Brazil half grain NQ         ↔


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


Wholesale Basmati Rice Prices in India Firm on Improved Demand

Jan 21, 2016
Wholesale basmati rice prices in the national capital have increased slightly today due to an increased buying from traders and stockists against restricted supplies from producing regions, according to the Press Trust of India (PTI).
On January 21, 2016, prices of Pusa 1121 increased to around Rs.4,250 - 5,100 per quintal (around $629 - $751 per ton) from previous quotes of around Rs.4,250 - 5,000 per quintal (around $628 - $740 per ton).
Prices of common basmati rice remained stable at previous levels of around Rs.5,300 - 5,400 per quintal (around $781 - $796 per ton).
"Increased buying by stockists in the face of restricted supplies from producing regions mainly attributed the rise in rice basmati prices," traders were quoted as saying.
Revival of imports by Iran can be seen as one of the reasons for higher demand by traders.

Thailand Rice Sellers Increase Some of Their Quotes; Vietnam Rice Sellers Lower Some of Their Quotes

Jan 21, 2016

Thailand Rice sellers increased their quotes for 5% broken rice, 25% broken rice and parboiled  rice by about $5 per ton each to about $355-$365 per ton, $345-$355 per ton and $360-$370 per ton respectively. Vietnam rice sellers lowered  their quotes for 100% broken rice by about $5 per ton to about $330-$340 per ton. Other Asia rice sellers kept their quotes unchanged today.                                
5% Broken Rice
Thailand 5% rice is indicated at around $355 - $365 per ton, about $5 per ton premium on Vietnam 5% rice shown at around $350 - $360 per ton. India 5% rice is indicated at around $355 - $365 per ton, about $20 per ton premium on Pakistan 5% rice shown at around $335 - $345 per ton.
25% Broken Rice
Thailand 25% rice is indicated at around $345 - $355 per ton, about $5 per ton premium o Vietnam 25% rice shown at around $340- $350 per ton. India 25% rice is indicated at around $325 - $335 per ton, about $20 per ton premium on Pakistan 25% rice shown at around $305 - $315 per ton.
Parboiled Rice           
Thailand parboiled rice is indicated at around $360 - $370 per ton. India parboiled rice is indicated at around $345 - $355 per ton, about $60 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 $315 - $325 per ton, about $15 per ton discount to Vietnam 100% broken rice shown at around $330 - $340 per ton. India's 100% broken rice is shown at around $260 - $270 per ton, about $30 per ton discount to Pakistan broken sortexed rice shown at around $290 - $300 per ton.


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