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Today Rice News Headlines...
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Missing GI link in exportsRice
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Featured at North Louisiana Ag Expo
·
Thai Commerce Min estimates rice demand for
2016 at 25 million tons
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Thailand cuts rice production
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Researchers: No doubt cleanup at Fukushima
nuclear plant contaminated rice crops in 2013
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Scientists in North Korea create 'hangover-free
liquor'
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Basmati exporters eye better realisations as
Iran opens up
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Optimistic signal in rice export of Vietnam in
early 2016
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Bulog Aims to Procure 3.9mn Tons of Farmers
Rice
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Thailand's private sector urging G-to-G sales
of rice stocks
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Rice basmati, wheat edge up on fresh buying
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Govt move to slash rice production hailed
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Apeda Rice Commodity News
·
Nagpur Foodgrain Prices Open-Jan 19
·
Rice Prices
·
Arkansas Farm Bureau Daily Commodity Report
News Detail...
Missing GI link in exports
Various
ministries are just exchanging files while other countries are using Pakistani
GIs for their commercial gains
The State Bank of Pakistan in its annual report 2014-15 has
stressed early enactment of the law to promote exports.Various ministries are
just exchanging files while other countries are using Pakistani GIs for their
commercial benefits.The TRIPs Agreement (Trade Related Aspect of Intellectual
Property Rights) of the World Trade Organisation came into force in 1995.
Pakistan was supposed to comply with the TRIPs standards with respect to GIs by
January 1, 2000.The GI law would enable Pakistan to avail the zero duty regime
on basmati rice exports to the European Union market. In 2001, an ordinance on
Geographical Indications of Goods (Registration and Protection) was drafted,
but it was not implemented.Legal experts then termed the draft ‘vague and
ambiguous’. Since then the proposed move was put on back burner.
Rice exporters also did not pursue the matter
aggressively.Commerce Minister Khurram Dastgir Khan some months ago ordered his
ministry to take up the issue with the IPO, but no progress has so far been
reported.Like several other organisations, the IPO also falls administratively
under the Cabinet Division. Analysts suggest that the IPO should be put under
the ambit of a technical ministry to improve its capability and performance.IPO
officials say Pakistan registers GIs under certification marks within the ambit
of the trademark law. Moreover, they believe that Pakistan is incapable of
implementing registration of products under GIs law and should stay on the
certification mark route.But legal experts differ: a GI is not the same as a
certification mark. A GI is always attached to specific land and thus bestows
significant premiums, for instance, Champagne wine from Champagne in France.
There are so many products in Pakistan with geographical
indications. They include basmati rice, Sindhri mango, Shikarpuri pickles,
Qasuri methi, Bannu spices, Chinniot furniture, Sialkot’s footballs, Multani
halva, Hala ki ajrak, Sargodha’s kinno, Chaunsa mango; wild mushrooms of Swat,
Neeli Ravi buffalo and Chaman grapes etc.Pakistan has challenged New Delhi’s
move to secure exclusive right to ‘Basmati’ brand name, but has done nothing to
establish its claim on it as producer of ‘Super Basmati’.The issue is not
confined to basmati rice. India has also accorded IP protection to at least two
varieties of mangoes which are homonymous to indigenous Pakistani varieties --
‘Fazli Mango’ of West Bengal and ‘Dussehri Mango’ of Uttar Pardesh.
Similarly, a citrus fruit -- ‘kinno’ -- exclusively produced in
Pakistan is now being grown and exported by other countries as Pakistan has no
GI law for the protection of its exclusive right.The GI law would enable
Pakistan to file applications to protect its various GIs in such countries.To
avoid monopolies and conflict of interests in registration of GIs, the
government needs to look at practices in other countries.For example, in India,
multi-interest boards for each product are established. To protect the
interests of Darjeeling tea growers, an India tea board was established.
The board is tasked to develop markets for other varieties of
tea, and protection of rights of tea growers that fall under its geographical
indication.Such boards can be set up in Pakistan representing all stakeholders
and can help to resolve conflicting interest.With consumers in export markets
getting more conscious of identity and quality of products, Pakistan needs to
move on with IP legislation and create niche markets for its GI products,
particularly for fruits and vegetables.
Published in Dawn, Business & Finance weekly, January 18th,
2016
Rice
Featured at North Louisiana Ag Expo
WEST MONROE, LA -- An estimated
11,000 people attended the 34th annual North Louisiana Ag Expo
on January 15-16. Visitors to the Louisiana Rice Council (LARC) booth
received sample bags of Louisiana-grown rice, provided by the Louisiana Rice
Growers Association, for correctly answering questions about rice. Attendees
also enjoyed a cup of red beans and rice, courtesy of the Northeast Louisiana
Rice Growers Association.
LARC members, including President
Eric Unkel, Vice President Charles Precht, Jr., Aaron Unkel, and Jimmy Hoppe,
manned the booth and helped USA Rice field staff distribute recipe brochures,
nutrition information, and rice facts sheets. "We had a steady stream
of folks stopping by our booth both days," said Eric Unkel, a Louisiana
rice farmer and a vice chair of the USA Rice Council. "It's a lot of
fun talking to everyone and getting the chance to educate the public on the
many ways agriculture touches our daily lives." The Expo was
established by the North Louisiana Agribusiness Council to educate citizens
about the regional and state impact of agriculture
Thai
Commerce Min estimates rice demand for 2016 at 25 million tons
Min of Commerce estimates rice
demand for 2016 at 25 million tons
BANGKOK, 19 January 2016 (NNT)
– The Ministry of Commerce has revealed that demand for rice in 2016 should
reach 25 million tons.Permanent Secretary of Commerce Chutima Boonyaprapas said a
meeting was held between farmers, rice exporters and rice millers to find a way
to maintain the price of rice.The Ministry of Agriculture and Cooperatives will
be responsible for controlling the amount of rice being released to the market,
while the Agriculturalist Association will try to keep the price of refined
rice at 7,500 – 8,000 baht per ton, depending on global market prices. President of the Agriculturalist Association Suthep Kongmak said he
is not satisfied with the current market prices. He added that he will
cooperate with the government to establish agricultural zoning, instead of
making direct demands for better price control
http://news.thaivisa.com/thailand/thai-commerce-min-estimates-rice-demand-for-2016-at-25-million-tons/128668/
Thailand cuts rice production
- 18 Jan 2016 at 19:36 4,55
- WRITER: PHUSADEE ARUNMAS
The Commerce Ministry cuts the annual paddy
production of the country from 30 million tonnes to 25 million tonnes to suit
demand this year. (Pattarachai Preechapanich)
Ms
Chutima said paddy prices were expected to stay unchanged this year at 7,500 to
8,000 baht a tonne, while Thailand would export only 9 million tonnes, 60-70%
of which would be newly harvested grain.Charoen Laothammatas, president of the
Thai Rice Exporters Association, said that the production reduction would not
affect rice exports.Suthep Kongmark, president of the Thai Agriculturists
Association, said farmers agreed with the plan after the government had
provided much assistance in recent years.Thai media also reported drought was a
major reason for the cut. Besides, farmers were contented to have their
representatives in the discussion.
http://www.bangkokpost.com/news/general/830464/thailand-cuts-rice-production.
Researchers: No doubt cleanup at Fukushima nuclear
plant contaminated rice crops in 2013
January 18, 2016
THE ASAHI SHIMBUN
MINAMI-SOMA, Fukushima
Prefecture--Radioactive substances that contaminated rice paddies here in 2013
came from the crippled Fukushima No. 1 nuclear plant, an international group of
researchers said, rejecting a denial issued by Japan’s nuclear safety authority.The
researchers, led by Akio Koizumi, a professor at Kyoto University’s Graduate
School of Medicine, reached the conclusion after analyzing radioactive
substances and taking spot readings of radioactivity levels around
Minami-Soma.Koizumi presented the final report of the group, consisting of 11
researchers from Japan, Europe and the United States, to local farmers and
other parties at a community center in Minami-Soma on Jan. 17.
“The cause of further
contamination was the radioactive particles dispersed from contaminated rubble
during the cleanup effort at the Fukushima No. 1 nuclear plant,” Koizumi
concluded in the report.Earlier, the agriculture ministry and the Nuclear
Regulatory Authority (NRA) gave different views on the source of the contaminated
rice.In 2013, rice crops from areas of Minami-Soma were found with unexpectedly
high radioactivity levels more than two years after the triple meltdown at the
nuclear plant located 20 kilometers south of the city.One theory was that
highly radioactive substances were dispersed when workers were lifting and
removing contaminated rubble at the Fukushima plant on Aug. 19 that year. Two
workers at the plant were exposed to high doses of radiation during the cleanup
process.The Ministry of Agriculture, Forestry and Fisheries said the cause of
the contaminated rice was “unknown” although it acknowledged “the possibility
of the dispersal of contaminated dust.” The farm ministry discontinued its
investigation without specifying the source of the contamination.
The NRA, however, said the
contaminated rice was not related to the cleanup work at the nuclear plant.The
Minami-Soma city assembly expressed outrage over the NRA’s stance. Some in the
city suspected the NRA of a cover-up.Koizumi and the other researchers
digitally recreated an accidental dispersal of contaminated dust from the plant
in August 2013.They used a new analysis system to estimate the amount of
radioactive cesium that spread toward Minami-Soma based on radioactivity
readings around the city and other factors.The group’s cesium estimate was more
than 3.6 times the amount initially estimated by the NRA.
The research group in September
2014 also collected soil samples from 10 locations around the contaminated rice
paddies to determine the amount of strontium 90 in the area.They confirmed that
the ratio of strontium 90 to radioactive cesium in the soil samples was similar
to the ratio that would be found near the Fukushima nuclear plant.
Beta-ray emitting strontium 90 is
less airborne and tends to remain within close proximity of nuclear weapon
testing sites or nuclear accidents. Radioactive cesium is more volatile and can
easily adhere to fine dust spread by the wind.In general, the amount of
strontium 90 decreases the farther it gets from a nuclear plant, compared with
radioactive cesium. In fact, hardly any strontium 90 has been detected far away
from the Fukushima plant.They also confirmed radioactive substances captured on
equipment that keeps track of airborne radioactive particles around
Minami-Soma. The researchers concluded that a highly irregular plume of
radioactive cesium reached Minami-Soma on the third week of August 2013.“Every
single piece of data in the paper supports the fact that contamination by
radioactive dust came from the debris at the nuclear plant,” Koizumi said.
Asked
about the NRA’s conclusion, Koizumi said: “It seems they were blinded by their
estimated amount of dispersed particles, and their choice for the analysis
system was misguided. This kind of attitude would only increase the anxiety of
residents in the affected areas.”The group’s findings were published in the
international academic journal Environmental Science & Technology last
month after a peer review.
(This
article was written by Masakazu Honda and Miki Aoki.)
http://ajw.asahi.com/article/0311disaster/fukushima/AJ201601180052
Scientists in North Korea create 'hangover-free liquor'
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Monday
18 January 2016
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Hangover cure: The liquor has been improved to avoid giving
drinkers a nasty headache the next day Caiaimage/Paul Bradbury
An article in the Pyongyang Times, entitled “Liquor wins quality
medal for preserving national smack”, claims the drink, made from ginseng, has
been improved by the Taedonggang Foodstuff Factory by replacing sugar with
scorched, glutinous rice.The change of ingredients has eliminated a bitter
taste and hangovers, it is claimed.Ginseng is commonly used in both Koreas on
the ground of its medicinal properties and is famous for its use in the city of
Kaesong in the North Hwanghae province in North Korea.
The article reads: “Koryo Liquor, which is made of six-year-old
Kaesong Koryo insam, known as being highest in medicinal effect, and the scorched
rice, is highly appreciated by experts and lovers as it is suave and causes no
hangover.”
Last August, the Korean Central News Agency reported how North
Korea’s Koryo Songgyungwan University was working on improving the quality of
Kaesong Koryo Insam Liquor.Andray Abrahamian, from Chosong Exchange, a group
that supports business in North Korea, told NK News: “I haven’t tried that
brand I think, though I have had some other Insam liquors. They’re OK – I
associate ginseng with its medicinal properties, though, so am not that keen on
it as a tasty treat.Downing water 'has no meaningful impact on hangovers'
“There are some high quality liquors made in North Korea, though
in my experience there is no such thing as hangover-free booze anywhere in the
world.”If the claims about the hangover-free drink prove true it could be a
popular choice of tipple in the South where 12.1 litres of alcohol is drunk a
year, according to a 2012 World Health Organisation report.The report states
the South Koreans drink more alcohol than any other Asian country.Last year,
North Korean state media claimed medical products containing extracts from the
ginseng plant could cure SARS and AIDS.
Basmati exporters eye better realisations as Iran opens
up
Export volumes
surged 23% during April-November 2015 over the year-ago period, indicating
demand was good at lower price
Komal Amit Gera | Chandigarh January
19, 2016 Last Updated at 00:05 IST
Exporters expect Iran to issue fresh Basmati rice
permits by DecRice exporting companies rally as Iran opens up market for
IndiaBasmati rice exports to Iran via Dubai soarAll you need to know about
lifting of sanctions against Iran
With global commodity prices declining in the first
half of FY16, realisations from basmati rice exports from India have plunged.
The average export price of basmati slipped from $1,352 per tonne in
April-November 2014 to $897 in the same period in 2015. Now that sanctions
against Iranhave been lifted, direct exports to Iran will resume, helping
improve realisations. Till now, exports were routed through Dubai, at lower
rates.Export volumes surged 23 per cent during April-November 2015 over the
year-ago period, indicating demand was good at lower price.
According to sources in Agri and Processed Food
Products Exports Development Authority, the turmoil in West Asian countries and
a sharp decline in crude oilprices have put the exporters in a tight spot as
the purchasing power of the traders in the importing countries has been hit.
The government cannot do much to bail out the exporters as commodity prices
have plummeted globally.
Iran's resumption of imports on 15 December 2015 may
provide some cushion to exporters. Due to sanctions imposed on Iran, basmati
exports to that country remained suspended from October 2014 to December
2015.Iran has been a major importer of Indian basmati and contributes 25 per
cent to the exports kitty. The revival of exports to Iran after lifting of
sanctions has brought a sentimental shift among exporters. "We expect an
annual demand of 1 million to 1.2 million from Iran, as the traders over there
have been running low stocks. This may also trigger a revival in price but it
is too premature to quantify the price revision", said Salil Bhatia, of D
D International, a top basmati exporter from India. Iran is an important market
for Pusa 1121 variety and reopening basmati trade with it has already catalysed
the demand. The basmati prices have touched a low and our prices in
international market are close to those of South American rice."
Despite higher volumes, low realisations have forced
most exporters to look at the domestic market. Amritsar based Amar Singh Chawal
Wala, a leading rice exporter having an average annual basmati exports of
80,000 metric ton is projecting a fall in exports this year. Arvinder Pal
Singh, the Director of the company said that they registered a 10 per cent
growth in volume last year but falling crude prices and eventual fall in
commodity prices may make export unviable. The companies sells under 'Lal
Quila' brand rice and gearing up to consolidate its presence in domestic
market.
The experts say that higher sowing under basmati paddy
in the last two kharif seasons created a glut in the market and falling export
price may discourage basmati sowing in kharif 2016 equating demand and supply
and bring price correction. Basmati acreage was 2.1 million hectare in kharif
2014, up 35 per cent over kharif 2013. It went up to 2.2 million hectare in
kharif 2015. Higher acreage also contributed to dwindling prices.Although, the
prices crashed at the farm gate level this year, plunging from an average Rs
4,000 a quintal in kharif 2014 to Rs 2,200-2,500 in kharif 2015, this could not
provide any safeguard to exporters.
Farmers have evidently been the most effected and in
some cases have not even been able to recover cost. Exporters, who incur 20-30
per cent of the carrying cost and about 14-15 per cent of finance costs, are in
a catch-22 situation, added Singh.Big brands such as L T Overseas have a
legroom to supply at prevailing prices and Ashwani Arora, the Director of the
company is sanguine over the revival of prices.
A Karnal-based exporter, and promoter of Maharani Brand
of rice, Ankit Setia conceded that there have been challenges on export front
but it's a part of business cycle. Setia is also aggressively expanding its
domestic footprint and targets a national presence in a few months.
Business
standard India
Optimistic signal in rice export of
Vietnam in early 2016
According to the Vietnam Food Association (VFA), export of rice in
early 2016 has seen more advantages than it did in the same period last year
with contracts of 1.3 million tons of rice passed from last year and import
demand from large and regular markets coming earlier.Export of Vietnamese farm
produces, except cashew nuts and black pepper, faced several difficulties,
including low export prices and cutthroat competition in 2015, especially rice.
The total number of 6.58 million tons of rice exports by the end of 2015 caught
us by surprise as the market was subtle earlier with rice export dropping in
both volume and value from the beginning of 2015 to mid-October.
Huynh The Nang, chairman of VFA, said that global rice market was
tough in 2015 with export prices falling extremely low. Export of rice in 2015
divided into two periods. From the beginning of 2015 to September, rice export
market was gloomy while inventory was fairly high. The volume of rice for
temporary stockpile piled up in exporters’ warehouses. In comparison with
global rice price at that time, domestic rice price was higher; therefore, rice
export target had to be lowered.
Packing line of rice exporter. (Photo: SGGP)
Food trading and export companies, including Vietnam Southern Food
Corporation (Vinafood 2), had been meeting with serious difficulties because of
excessive rice supply in global market. Rice inventory of Thailand, Vietnam’s
main rival, was extremely high that Thai Government sought to sell rice in
every way, causing severer competition. As most food exporters are small and
medium businesses, excluding Vietnam Northern Food Corporation (Vinafood 1) and
Vinafood 2, when the market changes, they merely receive razor-thin margins.
If there were not two export contracts to Philippines and Indonesia
in the last months of 2015, many businesses would have fallen into losses. The
two government-to-government rice export contracts showed up just in time like
a rescue buoy. However, domestic rice market was still muted after the country
won the 750,000-ton contract of Philippines, of which Vietnam supplies 450,000
tons and the rest is from Thailand, because the buyer only needed 250,000 tons
of rice to be delivered by the end of 2015. Until Vinafood 2 signed a contract
to export 1 million tons of rice to Indonesia, the market became vibrant then
rice prices increased swiftly. Among 1.4 million tons of rice inventory at that
time, Vinafood 2 accounted 400,000 tons. Big contract from Indonesia has helped
businesses to solve earlier long-lasting difficulties and revive rice
exporters.
According to VFA, export of rice in early 2016 meets more favorable
conditions than that in the same period last year. Rice inventory in 2015 was
at 300,000 tons, much lower than an average inventory of 700,000 tons of rice
in previous years. Rice export contracts passed from 2015 was at about 1.3
million tons while import demand from large market was also earlier. Thus, in
the 2015-2016 winter-spring crop, businesses probably will not have to buy rice
for temporary stockpile as they did in the 2014-2015 winter-spring crop. VFA
also forecast that, rice export market will be good until the end of second
quarter of this year as large importers, such as: Philippines, China,
Indonesia, and Malaysia will sign import contracts soon in order to stabilize
domestic food supply and cope with drought caused by El Nino. These countries
will still be potential markets for Vietnamese rice in the next several years,
especially China.
Rice harvesting in the Mekong Delta of Vietnam. (Photo: SGGP)
According to Reuters, the Philippines’ National Food Association
recently announced that the country is set to buy 400,000 tons of rice for
delivery in the second quarter, and may need an additional 800,000 tons to
cover this year’s requirements. Although Philippines and Indonesia always seek
to supply food on their own, natural disasters, including storms, floods, and
especially long-lasting El Nino phenomenon, has caused the most serious impacts
in the past 60 years.
However, it raised concern as local rice price is higher than
global rice price. As for 5-percent-broken rice, sometime Vietnamese rice was
US$10-20 per ton higher than Thai and Indian ones and $60 per ton higher than
Pakistani one. This makes rice exporters flinch when signing commercial
contracts. Although domestic rice price has declined by $5-10 per ton, it is
still at high level. Therefore, if this situation prolongs, it will be
difficult for businesses to sign export contracts.
Nguyen Van Tien, CEO of Angimex, said that the fact that fragrant
and white rice continued to post growth in 2015 is positive signal and
favorable condition to build brand name for Vietnamese rice. There are many
factors that help global rice price to recover, such as: negative effects of El
Nino on food production, declining global food inventory as it was in the years
prior 2007-2008, the period of food crisis. The matter of controlling pesticide
residues should be resolved so as to when the Trans-Pacific Partnership (TTP)
becomes effective, Vietnam will not lose its advantages when entering demanding
markets in the TTP and even on its home ground.
At present, rice export contracts passed from last year are more
than 1.3 million tons while winter-spring rice crop production is about 4.3
million tons, which means that around 3 million tons of rice is waiting for
export contracts.
http://www.saigon-gpdaily.com.vn/Business/Economy/2016/1/117268/
Bulog Aims
to Procure 3.9mn Tons of Farmers Rice
TEMPO.CO, Jakarta - State logistics company Perum Bulog is aiming to procure up to
3.9 million tons of rice from farmers, comprising of 3.2 million tons medium
rice procurement for Public Service Obligation (PSO) and 700,000 thousand tons
of premium rice for commercial purposes."To maintain the stability of domestic
rice prices, Bulog seeks to strengthen its rice stocks," Bulog's
procurement director, Wahyum said on Tuesday, January 19, 2016.The company is
prepared to disburse some Rp30 trillion to absorb that volume of rice."For
the PSO rice, the cost is Rp 7,500 per kilogram. The premium rice is a bit
pricier, so the budget is almost Rp30 trillion," Wahyu said. Wahyu said
that to achieve the target Bulog will optimize the work of its field officers
and cooperate with partners, and the National Outstanding Farmers and Fishermen
Association (KTNA).However, Wahyu said that Bulog's rice procurement target
also depends on farmers' production. If the volume of rice production is below
expectations, Bulog will have difficulties to meet its uptake target. There is
also weather and climate factor at play, which will have major influence on
rice harvests.
PINGIT ARIA
http://en.tempo.co/read/news/2016/01/19/056737439/Bulog-Aims-to-Procure-39mn-Tons-of-Farmers-Rice
Thailand's private sector urging G-to-G sales of rice stocks
[google-translator]
Thailand’s Private Sector
Urging Government-to-Government Sales of Rice Stocks
BY JACOB MASLOW
BY JACOB MASLOW
BANGKOK: — Thailand’s private
sector is urging an increase in sales of the country’s rice stock through
government-to-government (G-to-G) purchases.
According to the Deputy Commerce Minister, growth in rice
shipments can be as high as 3% in 2016 in the best case scenario. The
government would need to increase G-to-G deals and increase exports of
processed farm products. The government announced earlier in the month that the goal is to
sell 2 million tons of rice through G-to-G sales, with an additional 1 million
tons being sold to China to honor a memorandum of understanding.
Drought in Indonesia and the
Philippines have caused both countries to have interest in buying Thailand’s
rice. Both nations expect to have a lower supply due to the drought, and the
Commerce Ministry is hoping to sell 9 million tons of rice this year. In 2015,
the ministry projected 10 million tons of rice to be sold.
Rice basmati, wheat edge up on fresh buying
Press Trust of India | New Delhi Jan 19, 2016 02:13 PM IST
Prices of rice basmati and wheat rose up to Rs 100 per quintal at the wholesale grains market today on increased buying by stockists and flour mills.
Traders said increased buying by stockists against restricted supplies from producing regions mainly attributed the rise in rice basmati prices.They said increased offtake by flour mills helped wheat prices rising. In the national capital, rice basmati Pusa-1121 variety edged up to Rs 4,250-5,000 from previous level of Rs 4,250-4,900 per quintal.
Wheat dara (for mills) also inched up by Rs 10 to Rs 1,705-1,710 per quintal. Atta chakki delivery followed suit and traded higher by Rs 10 to Rs 1,710-1,720 per 90 kg.
Following are today's quotations (in Rs per quintal):
Wheat MP (desi) Rs 2,000-2,600, Wheat dara (for mills) Rs 1,705-1,710, Chakki atta (delivery) Rs 1,710-1,720, Atta Rajdhani (10 kg) Rs 230, Shakti Bhog (10 kg) Rs 230, Roller flour mill Rs 880-890 (50 kg), Maida Rs 940-945 (50 kg) and Sooji Rs 975-980 (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 5,300-5,400, Rice Pusa (1121) Rs 4,250-5,000, Permal raw Rs 1,900-1.950, Permal wand Rs 2,125-2,175, Sela Rs 2,400-2,500 and Rice IR-8 Rs 1,700-1,720, Bajra Rs 1,415-1,420, Jowar yellow Rs 1,650-1,750, white Rs 3,150-3,250, Maize Rs 1,675-1,680, Barley Rs 1,455-1,465.
http://wap.business-standard.com/article/pti-stories/rice-basmati-wheat-edge-up-on-fresh-buying-116011900419_1.html
Govt move to
slash rice production hailed
PETCHANET
PRATRUANGKRAI
THE
NATION January 19, 2016 1:00 am
RICE Farmers and traders have supported the government’s plan to
reduce rice production to 25 million tonnes of paddy this year in the hope it
will lead to the industry’s sustainable development and long-lasting stable
prices.Thai Agriculturalists Association president Suthep Kongmark said rice
farmers had agreed to cut rice production by about 5 million tonnes this year.The
move followed a meeting of the Commerce Ministry's working committee to
formulate a national rice strategy.Despite the decision to cut production, rice
farmers still expect the government to provide clear-cut measures to support
farmers in the cultivation of other economic crops in a bid to reduce the hit
from the drought. They also want the interest rate for loans reduced and
production costs slashed.
Normally, Thailand grows between 30 million and 33 million tonnes
of paddy rice each year. But that has led to an oversupply, with about 10
million tonnes used for domestic supply and about 10 million tonnes
exported."Despite the low rice price currently, rice farmers understand
the market situation and are ready to adjust their plans to ensure sustainable
development," Suthep said, emphasising that farmers will not call for a
government subsidy. Chutima Bunyapraphasara, permanent secretary of the
Commerce Ministry, said the rice working committee gathered the opinions of all
concerned enterprises, including rice farmers, millers, traders, exporters, and
government officials.Chutima said the findings of the meeting would soon be
proposed to the Agriculture Ministry for the devising of an action plan.She
said rice production was set to be reduced to 25 million tonnes for the current
harvest season (2016-17) in an effort to keep the rice price from dropping
further.
She said the price of white paddy rice domestically was expected to
remain between Bt7,500 and Bt8,000 a tonne in the current harvest season.The
government plans to come up with additional measures to help rice farmers
reduce production costs and support them in the growing of other economic
crops.
It also said that it would set up zoning areas for rice cultivation
and draw up a marketing plan to help sell rice and other economic crops rice
farmers took up.Charoen Laothammatas, president of the Thai Rice Exporters
Association, said exporters agreed with the government's plan to reduce rice
supply so that the price would be stable.He said that with high remaining
stockpiles, reducing output to 25 million tonnes would balance support for
domestic consumption and overseas exports.Charoen added that this year the
government should be able to release about 5 million tonnes of milled rice from
its stocks, which now had about 13 million tonnes
http://www.nationmultimedia.com/business/Govt-move-to-slash-rice-production-hailed-30277171.html
Apeda Rice Commodity
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Nagpur
Foodgrain Prices Open-Jan 19
Nagpur, Jan 19 Gram and tuar prices
zoomed up again in Nagpur Agriculture Produce
and Marketing Committee (APMC) here
on increased buying support from local millers amid tightsupply from producing
regions. Notable rise on NCDEX, weak overseas arrival and fresh hike inMadhya
Pradesh pulses also boosted sentiment, according to sources.
FOODGRAINS & PULSES
GRAM
* Gram varieties reported nearly steady here on subdued demand from
local traders amid
ample stock in ready position.
TUAR
* Tuar black reported down in open market here on poor demand from local
traders amid
increased arrival from producing regions.
* Udid varieties recovered strongly in open market here on renewed
demand from local
traders amid tight supply from producing regions.
* In Akola, Tuar New - 8,400-8,700, Tuar dal New - 13,700-14,300, Udid -
12,800-13,400, Udid Mogar (clean) - 15,200-17,100, Moong -
8,600-8,800, Moong Mogar (clean) 9,800-10,100, Gram - 4,300-4,500,
Gram Super best bold - 5,800-6,200 for 100 kg.
* Wheat, rice and other commodities moved in a narrow range in
scattered deals, settled at last levels.
Nagpur foodgrains APMC auction/open-market
prices in rupees for 100 kg
FOODGRAINS
Available prices Previous
close
Gram Auction
3,800-4,600 3,700-4,600
Gram Pink Auction
n.a. 2,100-2,600
Tuar Auction 7,500-9,050 7,300-9,000
Moong Auction
n.a. 6,400-6,600
Udid Auction
n.a. 4,300-4,500
Masoor Auction
n.a. 2,600-2,800
Gram Super Best Bold
6,100-6,500 6,100-6,500
Gram Super Best
n.a. n.a.
Gram Medium Best
5,800-6,000 5,800-6,000
Gram Dal Medium
n.a. n.a
Gram Mill Quality
4,850-5,100 4,850-5,100
Desi gram Raw
4,900-5,100 4,900-5,100
Gram Filter new
5,200-5,400 5,200-5,400
Gram Kabuli
5,800-7,800 5,800-7,800
Gram Pink 6,300-7,200 6,300-7,300
Tuar Fataka Best-New
14,500-14,700 14,500-14,700
Tuar Fataka Medium-New
13,700-14,000 13,700-14,000
Tuar Dal Best Phod-New
11,500-12,000 11,500-12,000
Tuar Dal Medium phod-New
10,000-10,500 10,000-10,500
Tuar Gavarani New
8,850-9,250 8,850-9,250
Tuar Karnataka
9,000-9,100 9,000-9,100
Tuar Black
14,100-14,900 14,200-15,000
Masoor dal best
6,500-6,800 6,500-6,800
Masoor dal medium
6,100-6,300 6,100-6,300
Masoor
n.a. n.a.
Moong Mogar bold
9,600-10,500 9,600-10,500
Moong Mogar Med
9,000-9,700 9,000-9,700
Moong dal Chilka
8,500-9,500 8,500-9,500
Moong Mill quality
n.a. n.a.
Moong Chamki best
8,500-8,700 8,500-8,700
Udid Mogar Super best (100 INR/KG)
15,500-17,500 15,200-17,500
Udid Mogar Medium (100 INR/KG)
13,500-15,000
13,300-14,800
Udid Dal Black (100 INR/KG)
9,700-10,900
9,400-10,700
Batri dal (100 INR/KG)
5,700-6,100 5,700-6,100
Lakhodi dal (100 INR/kg)
4,400-4,750 4,400-4,750
Watana Dal (100 INR/KG)
3,250-3,400 3,250-3,400
Watana White (100 INR/KG)
3,200-3,400 3,200-3,400
Watana Green Best (100 INR/KG)
3,300-3,800
3,300-3,800
Wheat 308 (100 INR/KG)
1,700-1,800 1,700-1,800
Wheat Mill quality (100 INR/KG)
1,675-1,775 1,675-1,775
Wheat Filter (100 INR/KG)
1,650-1,850 1,650-1,850
Wheat Lokwan best (100 INR/KG)
2,100-2,450
2,100-2,450
Wheat Lokwan medium (100 INR/KG)
1,950-2,200 1,950-2,200
Lokwan Hath Binar (100 INR/KG)
n.a. n.a.
MP Sharbati Best (100 INR/KG)
3,600-3,950
3,600-3,950
MP Sharbati Medium (100 INR/KG)
3,000-3,200
3,000-3,200
Rice BPT best New(100 INR/KG)
2,600-2,850
2,600-2,850
Rice BPT medium (100 INR/KG)
2,100-2,300
2,100-2,300
Rice Parmal (100 INR/KG)
1,800-2,000 1,800-2,000
Rice Swarna best (100 INR/KG)
2,200-2,450
2,200-2,450
Rice Swarna medium (100 INR/KG)
1,850-2,250
1,850-2,250
Rice HMT best New (100 INR/KG)
3,100-3,400
3,100-3,400
Rice HMT medium (100 INR/KG)
2,600-2,900
2,600-2,900
Rice Shriram best New(100 INR/KG)
4,400-4,500
4,400-4,500
Rice HMT medium New(100 INR/KG)
3,700-4,000
3,700-4,000
Rice Basmati best (100 INR/KG)
9,800-11,700
9,800-11,700
Rice Basmati Medium (100 INR/KG)
7,800-8,000 7,800-8,000
Rice Chinnor best New(100 INR/KG)
4,600-4,850
4,600-4,850
Rice Chinnor med. New (100 INR/KG)
4,000-4,400
4,000-4,400
Jowar Gavarani (100 INR/KG)
1,800-2,200
1,800-2,200
Jowar CH-5 (100 INR/KG) 1,700-1,800 1,700-1,800
WEATHER (NAGPUR)
Maximum temp. 29.4 degree Celsius
(84.9 degree Fahrenheit), minimum temp.
17.2 degree Celsius (62.9 degree
Fahrenheit)
Humidity: Highest - 82 per cent,
lowest - 42 per cent.
Rainfall : n.a.
FORECAST: Partly cloudy sky.
Maximum and minimum temperature would be around and 30 and 17degree Celsius
respectively.
Note: n.a.--not available
(For oils, transport costs are
excluded from plant delivery prices, but included in market prices.)
Rice Prices
as on : 19-01-2016 08:10:16 PM
Arrivals in tonnes;prices in Rs/quintal in domestic market.
|
Arrivals
|
Price
|
|||||
|
Current
|
%
change |
Season
cumulative |
Modal
|
Prev.
Modal |
Prev.Yr
%change |
|
|
Rice
|
||||||
|
Gadarpur(Utr)
|
380.00
|
-80.94
|
49077.00
|
1974
|
2065
|
-10.92
|
|
Kalahandi(Dharamagarh)(Ori)
|
41.82
|
-19.13
|
332.06
|
2100
|
2100
|
-4.55
|
|
Golaghat(ASM)
|
40.00
|
-
|
65.00
|
2450
|
-
|
-
|
|
Dharampur(veg)(Guj)
|
28.00
|
-44
|
128.00
|
3250
|
3250
|
145.28
|
|
Balugaon(Ori)
|
20.00
|
NC
|
140.00
|
3200
|
3200
|
6.67
|
|
Chengannur(Ker)
|
7.00
|
16.67
|
239.00
|
2500
|
2500
|
-13.79
|
|
Karanjia(Ori)
|
6.00
|
NC
|
117.80
|
2900
|
3200
|
16.00
|
|
Silapathar(ASM)
|
5.20
|
-90.55
|
321.60
|
3000
|
3000
|
NC
|
|
Jeypore(Ori)
|
3.80
|
192.31
|
91.00
|
325
|
325
|
-
|
|
Jeypore(Kotpad)(Ori)
|
3.50
|
2.94
|
88.70
|
4100
|
3250
|
26.15
|
|
Aroor(Ker)
|
3.00
|
-25
|
76.00
|
6900
|
6900
|
-25.81
|
|
Pundibari(WB)
|
1.50
|
-
|
21.50
|
2000
|
-
|
-5.88
|
|
Bonai(Bonai)(Ori)
|
1.00
|
NC
|
9.10
|
2000
|
2000
|
-16.67
|
http://www.thehindubusinessline.com/economy/agri-business/article8123518.ece
Arkansas Farm Bureau Daily Commodity
Report
Rice
|
High
|
Low
|
|
|
Long
Grain Cash Bids
|
||
|
Long
Grain New Crop
|
||
|
|
||
|
Futures:
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Rice Comment
Rice futures ended higher but
traded within Friday's range. The market is currently trading at seven month
lows. March is now in position to retest support at the May 2015 low of $10.27
1/2. Disappointing export sales of 43,000 metric tons, down 15% from the
previous week, added to the negative undertone. Tightening world stocks have
provided support in recent months
http://www.arfb.com/ag-markets-statistics/report/
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