Tuesday, November 24, 2015

24th November,2015 Daily Exclusive ORYZA Rice E-Newsletter by Riceplus Magazine

Nicaragua Develops New Drought-Resistant Rice Variety

Nov 23, 2015

The Nicaraguan Institute of Agricultural Technology (INTA) has developed a new drought-resistant rice variety, INTA-Posoltega, according to local sources.The new variety can yield up to 8 tonsof paddy per parcel of land (11.4 tons per hectare) and matures in 120 days, according to an INTA's researcher.

The INTA-Posoltega variety was reportedly introduced to small- and medium-sized rice producers in the country's south-eastern city of Nueva Guinea, an agricultural region which vulnerable to droughts and climate changes.

Nicaragua produces about 80% of the annual demand of over 350,000 tons. USDA estimates the South American nation to produce about 290,000 tons of rice (basis, milled) in MY 2015-16 (October - September) and import about 70,000 tons to meet an annual consumption demand of around 360,000 tons.

 European Paddy, Rice Quotes Show Slight Movements in Second Week of November 2015

Nov 23, 2015

European paddy quotes showed slight movements during the week November 10-17, 2015, according to the European quotations supplied by the European Union (EU) on November 17, 2015. Paddy quotes were not available in some countries.SPAIN - Japonica paddy did not move from 286 euros (about $304) per ton, unchanged. Indica paddy is firm at 273 euros (about $290) per ton. Milled Japonica rice quoted 586 euros (about $623) per ton on both weeks.                                       
PORTUGAL - Portuguese rice received no quotations on both weeks.         
GREECE – Greek rice received no quotations on both weeks as for medium and Indica varieties. Paddy long varieties are out at 300 euros (about $319 per ton) on both weeks.
ROMANIA -  Japonica paddy prices were fixed at 353 euros (about $375) per ton, slightly up from 352 euros (about $374) per ton on November 10. Indica paddy quotes were fixed on November 17 at 312 euros (about $331) per ton, down from 320 euros (about $340) per ton of the prior week. As for milled rice, on November 17, Japonica quotes went up to 731 euros (about $777) per ton from 720 euros (about $765) per ton on November 10. Indica milled rice was fixed at 684 euros (about $727) on November 17, up from 662 euros (about $704) per ton of November 10.   
BULGARIA - Japonica paddy quotations were firm at 294 euros (about $312) per ton. Japonica milled rice prices were unchanged at 872 euros (about $927) per ton.
FRANCE - Round milled rice was out at 560 euros (about $595) per ton on both weeks, Long A at 590 euros (about $627) per ton on both weeks, Long B at 580 euros (about $616) per ton, upo from 570 euros (about $606) per ton of November 10.

Iran to Temporarily Allow Rice Imports, Reports Local Media

Nov 23, 2015

Iran, which imposed a ban on rice imports in October 2014 citing adequate stocks, has decided to temporarily lift the ban on rice imports for three months starting December 3, 2015, local sources quoted a statement issued by the Agriculture Minister.
The Ministry will reportedly allow customs officials to issue new import permits from December 4, 2015 - March 4, 2016, according to the statement. The ban will be reinstated after the three-month period, according to the Ministry.
The decision is understood to tackle the insufficient domestic stocks to meet the demand.
There were reports in early November 2015 that Iran was lifting the ban on rice imports. However, the Agriculture Ministry denied the reports. A few days later, it was reported that Indian rice exporters were using the United Arab Emirates (UAE) route to export rice to Iran in an effort to get around Iran's restrictive import permits to India's basmati rice.
Iran imported around 433,000 tons of rice in the first seven months of FY 2015-16 (March - February) on orders placed before the ban.
Iran is the largest exporter of Indian basmati rice, accounting for more than a third of the country's basmati rice exports. Indian exporters are looking forward for Iran to resume imports as it would enhance basmati rice exports as well as push up prices, which have been falling since the beginning of this year due to lower demand.
India has exported 300,000 tons of basmati rice to Iran in the first four months of (April-August) FY 2015-16 (April - March) against 370,000 tons during the same period in FY 2014-15, according to the APEDA data. India exported 935,567 tons in FY 2014-15, down about 35% from around 1.44 million tons in FY 2013-14.

Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Ease off of Early Gains to Close in the Red; Wheat Rallies Over 1.5% on the Day

Nov 24, 2015

Chicago rough rice futures for Jan delivery settled 2.5 cents per cwt (about $1 per ton) lower at $12.105 per cwt (about $267 per ton). The other grains finished the day higher; Soybeans closed about 0.8% higher at $8.6425 per bushel; wheat finished about 1.6% higher at $4.9775 per bushel, and corn finished the day about 0.9% higher at $3.7300 per bushel.
U.S. stocks traded in a range Monday as investors eyed fluctuations in oil prices and looked ahead to economic reports in the shortened Thanksgiving holiday week. European stocks ended lower, under some pressure from fluctuations in oil prices and declines in copper, which hit its lowest level in more than 6 years. U.S. stocks rose more than 3% last week, with the S&P 500 posting its best week for the year so far, helped by gains in retail stocks and increasing confidence in a December rate hike. Key economic reports for the week include another read on third-quarter GDP Tuesday and the Fed's preferred gauge on inflation, the price inflation measure for personal consumption expenditures, Wednesday.
In economic news Monday, the Chicago Fed National Activity Index was minus 0.04 in October, up from minus 0.29 in September. Existing home sales showed a decline of 3.4% in October. In early afternoon trade, the Dow Jones industrial average gained 1 point, or 0.01%, to 17,824. The S&P 500 traded up 2 points, or 0.13%, to 2,091, with energy leading six sectors higher and utilities the greatest laggard. The Nasdaq traded up 13 points, or 0.26%, to 5,117. Gold is seen trading about 0.9% lower, crude oil is seen trading about 0.3% lower, and the U.S. dollar is seen trading about 0.2% higher at about  1:45pm Chicago time.
Friday, there were 348 contracts traded, down from 2,016 contracts traded on Thursday. Open interest – the number of contracts outstanding – on Friday decreased by 176 contracts to 12,520.

China Rice Imports Increase Sharply in First Ten Months of 2015

Nov 23, 2015
China has imported around 2.636 million tons of rice in the first ten months of 2015 (January - December), up about 31% from around 2.013 million tons imported during the same period last year, according to data from China Customs General Administration.
In October 2015, China imported around 322,600 tons of rice, down about 10% from around 357,700 tons imported in September 2015, and up about 79% from around 180,000 tons imported in October 2014.
China has exported around 229,400 tons of rice in first ten months of 2015, down about 3% from around 236,555 tons exported during the same period last year, according to data from the China Customs General Administration.
In October 2015, China exported around 24,200 tons of rice, down about 62% from around 63,000 tons exported in September 2015 and down about 58% from around 57,492 tons exported in October 2014.
China imported about 2.563 million tons of rice and exported about 419,069 tons of rice in 2014.
USDA estimates China to produce around 145.5 million tons of milled rice in MY 2015-16 (July - June). It estimates China to import around 4.7 million tons and export around 400,000 tons of rice in 2015.

Thailand, Vietnam Rice Sellers Alter Some of Their Quotes Today; Other Asian Rice Quotes Remain Unchanged Today

Nov 23, 2015

Thailand rice sellers have increased their quotes for fragrant A1 super rice by about $5 per ton to around $345 - $355 per ton today. Vietnam rice sellers lowered their quotes for 5% broken rice and jasmine rice varieties by about $5 per tons to around $365 - $375 per ton and $445 - $455 per ton respectively. Other Asia rice sellers kept their quotes unchanged from Friday.
5% Broken Rice
Thailand 5% rice is indicated at around $350 - $360 per ton about $15 per ton discount on Vietnam 5% rice shown at around $365 - $375 per ton. India 5% rice is indicated at around $345 - $355 per ton, about $30 per ton premium on Pakistan 5% rice shown at around $315 - $325 per ton.
25% Broken Rice
Thailand 25% rice is indicated at around $335 - $345 per ton, about $20 per ton discount on Vietnam 25% rice shown at around $355- $365 per ton. India 25% rice is indicated at around $325 - $335 per ton, about $35 per ton premium on Pakistan 25% rice shown at around $290 - $300 per ton.
Parboiled Rice            
Thailand parboiled rice is indicated at around $350 - $360 per ton. India parboiled rice is indicated at around $340 - $350 per ton, about $65 per ton discount to Pakistan parboiled rice last shown at around $405 - $415 per ton.          
100% Broken Rice
Thailand broken rice, A1 Super is indicated at around $325 - $335 per ton, about $5 per ton discount to Vietnam 100% broken rice shown at around $330 - $340 per ton. India's 100% broken rice is shown at around $285 - $295 per ton, about $5 per ton premium on Pakistan broken sortexed rice shown at around $280 - $290 per ton.

Thailand 2015-16 Dry Season Paddy Rice Output to Decline Sharply on Lower Acreage

Nov 23, 2015

Thailand's 2015-16 dry season rice crop (November - April) output is expected to decline to around 4 million tons, down about 25% from around 5.3 million tons last year, due to El Nino-induced drought conditions, Bloomberg quoted a statement by the Office of the Agricultural Economics (OAE).
It estimates the acreage for the on-going dry season crop at around 6.36 million rai (around 1.02 million hectares), down about 25% from around 8.48 million rai (around 1.36 million hectares) in the previous year.
The government agency estimates the output from the 2015 main season rice crop (April - December) at around 22.98 million tons, down about 30% from around 32.62 million tons last year. Acreage for the main rice crop was at around 53 million rai (around 8.48 million hectares), down about 9% from around 58 million rai (around 9.32 million hectares) in the previous year.
The government is expecting the drought conditions to continue in 2016 also. It is encouraging farmers to switch to less water-consuming crops such as corn or beans.
It is also expecting the domestic paddy rice prices to increase next year. It is expecting the average price of paddy white rice paddy at around 7,782 baht (around $218) per ton, according to the statement.

Pakistan Rice Exports Increase Sharply in First Four Months of FY 2015-16

Nov 23, 2015
Pakistan exported around 1.03 million tons of rice (including 114,895 tons of basmati and 917,302 tons of non-basmati) in the first four months of FY 2015-16 (July - June), up about 20% from around 859,683 tons (168,955 tons of basmati and 690,718 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 $446 million during the four months of FY 2015-16, down about 14% from around $517 million earned last year. The decline is attributed to a sharp decline in global rice prices as well as a slow demand.
In October 2015, Pakistan exported around 372,630 tons of rice, up about 42% from around 263,368 tons exported in September 2015 and up about 29% from around 289,884 tons exported in October 2014. In terms of value, Pakistan earned about $147.5 million in October 2015, up about 72% from around $85.6 million earned in September 2015 and down about 5% from their year-ago levels of around $154.7 million.
Pakistan exported around 24,945 tons of basmati rice in October 2015, down about 23% from around 32,410 tons exported in September 2015, and down about 47% from around 47,459 tons exported in October 2014. In terms of value, Pakistan's basmati rice exports earned $26 million in October 2015 2015, down about 32% from around $38 million earned in September 2015, and down about 45% from around $47 million earned in October 2014.
Pakistan exported around 347,685 tons of non-basmati rice in October 2015, up about 51% from around 230,958 tons exported in September 2015 and up about 43% from around 242,415 tons in October 2014. In terms of value, Pakistan's non-basmati rice exports earned $121 million in October 2015, over two-and-half times from around $48 million earned in September 2015, and up about 12% from around $107.85 million earned in October 2014.
Global Rice Quotes
November 24th, 2015

Long grain white rice - high quality
Thailand 100% B grade          360-370           ↔
Vietnam 5% broken    365-370           ↔
India 5% broken         345-355           ↔
Pakistan 5% broken    315-325           ↔
Myanmar 5% broken   405-415           ↔
Cambodia 5% broken             415-425           ↔
U.S. 4% broken           490-510           ↔
Uruguay 5% broken    535-545           ↔
Argentina 5% broken 530-540           ↔
Long grain white rice - low quality
Thailand 25% broken 335-345           ↔
Vietnam 25% broken 355-365           ↔
Pakistan 25% broken 290-300           ↔
Cambodia 25% broken           400-410           ↔
India 25% broken       325-335           ↔
U.S. 15% broken         500-510           ↔

Long grain parboiled rice
Thailand parboiled 100% stxd            350-360           ↔
Pakistan parboiled 5% broken stxd    405-415           ↔
India parboiled 5% broken stxd         340-350           ↔
U.S. parboiled 4% broken       590-610           ↔
Brazil parboiled 5% broken    545-555           ↔
Uruguay parboiled 5% broken            NQ      ↔
Long grain fragrant rice
Thailand Hommali 92%          705-715           ↔
Vietnam Jasmine         445-455           ↔
India basmati 2% broken        NQ      ↔
Pakistan basmati 2% broken   NQ      ↔
Cambodia Phka Mails             830-840           ↔

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

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



All news have been shared with permission of ORYZA.com with thanks.All News are exclusive 
product of ORZA.com








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

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


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



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

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

 

Guyana: rice earnings down as Venezuela pulls-out

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

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


Source: Caribbean 360


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


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

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

Rice sector must adapt to global competition


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

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

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

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

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

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

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

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

Minister abused power in ST15 rice quota, says PAS

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

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



Arkansas Farm Bureau Daily Commodity Report



A comprehensive daily commodity market report for Arkansas agricultural commodities with cash markets, futures and insightful analysis and commentary from Arkansas Farm Bureau commodity analysts.
Noteworthy benchmark price levels of interest to farmers and ranchers, as well as long-term commodity market trends which are developing. Daily fundamental market influences and technical factors are noted and discussed.
Soybeans
High
Low
Cash Bids
887
818
New Crop
888
843


Riceland Foods


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


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

Soybean Comment

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


Wheat
High
Low
Cash Bids
485
475
New Crop
490
465


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

Wheat Comment

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


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



Corn
High
Low
Cash Bids
385
351
New Crop
390
357


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

Corn Comment

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


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

Cotton Comment

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


Rice
High
Low
Long Grain Cash Bids
Long Grain New Crop


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

Rice Comment

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


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

Cattle Comment

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


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

Hog Comment



Shell Eggs

National Turkeys

Delmarva Broilers

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




Rice Prices

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

U.S. Rice Makes HealthCents for the Holidays


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

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

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

Contact:  Deborah Willenborg (703) 236-1444



USDA to Collect Final 2015 Crop Production and Crop Stocks Data





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

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

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

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

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


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

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



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






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


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

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