Rice basmati slides on fall in demand
23 MAY 2017 Last Updated at 2:14 PM
Basmati rice (Lal Quila) Rs
10,700, Shri Lal Mahal Rs 11,300, Super Basmati Rice Rs 9,800, Basmati common
new Rs 7,100-7,200, Rice Pusa (1121) Rs 5,900-6,500, Permal raw Rs 2,250-2,275,
Permal wand Rs 2,300-2,350, Sela Rs 2,700-2,800 and Rice IR-8 Rs 1,875-2,000,
Bajra Rs 1,360-1,370, Jowar yellow Rs 1,600-1,650, white Rs 3,300-3,500, Maize
Rs 1,425-1,435, Barley Rs 1,565-1,585
New Delhi, May 23
Rice basmati prices fell by up to Rs 300 per quintal at the wholesale grains
market today owing to slackened demand against adequate stocks position.
Maize also eased on reduced
offtake by consuming industries.
Traders attributed the fall in
rice basmati prices to easing demand against ample stocks position.
In the national capital, rice
basmati common and Pusa- 1121 variety slipped to Rs 7,100-7,200 and Rs
5,900-6,500 from previous levels of Rs 7,400-7,500 and Rs 6,000-6,800 per
quintal, respectively.
Maize also shed Rs 10 at Rs
1,425-1,435 per quintal.
Following are today's quotations
(in Rs per quintal):
Wheat MP (desi) Rs 2,100-2,345,
Wheat dara (for mills) Rs 1,735-1,740, Chakki atta (delivery) Rs 1,740-1,745,
Atta Rajdhani (10 kg) Rs 240, Shakti Bhog (10 kg) Rs 240, Roller flour mill Rs
950-960 (50 kg), Maida Rs 960-970 (50 kg) and Sooji Rs 1,030-1,040 (50 kg).
Basmati rice (Lal Quila) Rs
10,700, Shri Lal Mahal Rs 11,300, Super Basmati Rice Rs 9,800, Basmati common
new Rs 7,100-7,200, Rice Pusa (1121) Rs 5,900-6,500, Permal raw Rs 2,250-2,275,
Permal wand Rs 2,300-2,350, Sela Rs 2,700-2,800 and Rice IR-8 Rs 1,875-2,000,
Bajra Rs 1,360-1,370, Jowar yellow Rs 1,600-1,650, white Rs 3,300-3,500, Maize
Rs 1,425-1,435, Barley Rs 1,565-1,585.
http://www.outlookindia.com/newsscroll/rice-basmati-slides-on-fall-in-demand/1057718
Iraq mulls
importing Pakistani rice
KARACHI: The Iraqi government has agreed to change its
rice specification in order to enable Pakistan rice imports which have been
suspeded for the past five years.
The decision was taken during a meeting in Iraq on
Monday when a Pakistani delegation – led by Director General Trade Development
Authority of Pakistan (TDAP) Rafeo Bashir Shah and accompanied by Chairman Rice
Exporters Association of Pakistan (REAP) Mahmood Moulvi – met with Under
Secretary Ministry of Trade, Republic of Iraq Walid Habib Al-Moswee.Chairman
REAP informed the Iraqi officials that Pakistani long grain rice has not been
exported to Iraq for last 4-5 years due to specifications of rice varieties.Upon
this, Mr Walid assured the Pakistani delegation that rice specifications would
be changed accordingly to accommodate Pakistani rice for imports to Iraq
https://www.dawn.com/news/1334960/iraq-mulls-importing-pakistani-rice
Government must ensure ample supply of affordable rice
MAY 23, 2017
After months of uncertainty surrounding the country’s rice
supply-and-demand situation, the government finally announced last week
its decision to buy rice from foreign private suppliers. The National
Food Authority Council (NFAC), the interagency body vested with the power
to decide on the timing and volume of rice importation, has also given its nod
to the private sector’s initiative to buy 805,000 metric tons (MT) of rice via
the minimum access volume (MAV) scheme. The announcement came after revelations
that the NFA’s buffer stock had fallen to eight days’ worth of national
consumption, nearly half of the 15 days buffer mandated by the
Legislative-Executive Development Advisory Council (Ledac).
Days after the NFAC made its announcement, however, it has yet
to determine the final volume of rice the government would buy via the
so-called government-to-private (G2P) scheme. Cabinet Secretary Leoncio B.
Evasco Jr. said the rationale behind this is to ensure that the purchases would
be covered by Republic Act 9184, or the Government Procurement Reform Act. As
we go to press, the NFAC has yet to decide on the final volume of rice imports
and when it would conduct the bidding.
It is now becoming more apparent that the National
Food Authority (NFA) would not be able to build up a stockpile equivalent
to 30 days of national rice consumption before the start of the lean season in
July. It could take anywhere from one to two months for the rice imports to
arrive in the country and this would depend on how fast the government would
conduct the bidding and award the right to supply rice, as well as the origin
of the imports.
The decision not to import rice undoubtedly benefited the
farmers during the dry season harvest as traders in some areas were buying
paddy rice for as much as P22 per kilogram. There is nothing wrong in favoring
local producers because it is the obligation of the State to safeguard the
livelihood of its citizens. But some members of President Duterte’s Cabinet
seems to have conveniently forgotten or refused to recognize the nature of the
Philippine rice industry.
Given its mandate, the NFA continues to act as the “big, bad
wolf” to private traders because its intervention prevents price spikes, which
could hurt producers or consumers. Until and unless this function is scrapped
via the amendment of pertinent laws, this should not be swept under the rug or
disregarded and should have been used to the government’s advantage.
For one, the Duterte administration should have embarked on
massive palay-buying and raised the NFA’s support price to boost the food
agency’s stockpile. This is cheaper than importing rice and would benefit more
farmers. Also, importations should be timed to ensure that the price of
unmilled rice during the dry season and main harvest in the fourth quarter
would not go down. The announcement of the government’s decision to import rice
last week would no longer affect rice farmers but it could have an impact on
prices during the main harvest, particularly if the arrival of the imports via
G2P and the MAV scheme are ill-timed.
It takes about three months to grow rice so the government would
have ample time to estimate the possible shortfall in the country’s rice
requirement. Importation should be the government’s last resort, but if it is certain
that local production would not be enough to support its citizens’ needs, then
it should do what’s necessary to ensure the availability of affordable rice.
Trump
Budget Declares War on Agriculture
By Michael Klein
WASHINGTON, DC -- President Trump
released his detailed, $4.1 trillion federal budget today, and while every area
of the federal government except defense and infrastructure saw cuts, the cuts
to agriculture and rural areas are disproportionately severe by anyone's
standards.
The total mandatory spending cuts
proposed far exceed those signaled earlier this year in the President's Skinny
Budget: $240.7 billion over 10 years, or
a 27.5 percent budget cut. Of that, crop
insurance is targeted for $28.562 billion in cuts over 10 years, or a 36
percent reduction and more than 10 percent of the total cuts. This includes a $40,000 payment limit on
premium discounts, a $500,000 AGI means test, and the elimination of premium
discounts on the Harvest Price Option (HPO).
With respect to the Commodity
Title, the Administration proposes cuts of $653 million over 10 years through
the imposition of a $500,000 AGI means test, down from the current $900,000.
The Conservation Title is cut by
$5.755 billion over 10 years, or 9.6 percent through the
"streamlining" of programs.
The Nutrition Title is slated for
cuts to the tune of $193.287 billion over 10 years, or 28.7 percent. This includes reforms to SNAP ($190.932
billion) and retailer user fees ($2.355 billion).
Some other notable cuts include
$11.571 billion over 10 years through the elimination of "small"
programs, and user fees being imposed by FSIS, APHIS, GIPSA, and AMS, as well
as the elimination of interest payments to electric/telecom utilities, and the
elimination of the Rural Economic Development Program.
The budget also proposes
eliminating the Foreign Market Development Program (FMD) and the Market Access
Program (MAP), both of which are important to the rice industry that exports
about 50 percent of the crop annually.
At a February, 2017 House Agriculture Committee hearing on international
market development in the next Farm Bill, Dr. Gary Williams of Texas A&M
said that according to a study done by Texas A&M, Oregon State University,
Cornell University, and Informa Economics, eliminating the FMD and MAP programs
would result in the value of U.S. agricultural exports dropping by an annual
average of $14.7 billion. Since
eliminating the programs reduces government spending by about $250 million annually
it is difficult to see the return on this cut - especially since the President
needs as much economic growth as he can get.
The full budget only balances with 3 percent annual economic growth,
despite current economic indicators pointing to a maximum of 2 percent growth
into the next decade.
The President's budget also
proposes extending budget sequestration for the period of FY2025-2027 ($911
million). Note that cuts to agriculture
accounted for 30 percent of total sequestration cuts in FY2016 so these cuts
would fall disproportionately upon agriculture.
The President's budget makes no
attempt to hide its low view, or misunderstanding, of agriculture programs,
saying, "[t]he 2018 President's Budget targets commodity assistance, crop
insurance subsidies, and conservation assistance to producers that have an
Adjusted Gross Income (AGI) of $500,000 or less. It is hard to justify to hardworking
taxpayers why the Federal government should provide assistance to wealthy
farmers with incomes over a half a million dollars. Doing so undermines the credibility and
purpose of farm programs. The Budget
also eliminates funding for a number of programs for which there is no Federal
purpose, those programs include the Market Access Program [and] the Foreign
Market Development Cooperator Program...In a time of belt tightening, the
Government should not be subsidizing the advertising and promotion of
commodities...Lastly, the Budget targets conservation funding to the most
sensitive agricultural land, by maintaining acreage in the Conservation Reserve
Program at the current statutory cap of 24 million acres, eliminating
distortionary signing and practice incentive payments, and focusing near-term
enrollment on higher-value continuous acreage."
The budget has not been well
received by lawmakers on Capitol Hill, many of whom characterized the proposal
as "dead on arrival."
The Chairmen of the House and
Senate Agriculture Committees, Representative Mike Conaway and Senator Pat
Roberts released a joint statement saying, "As we debate the budget and
the next Farm Bill, we will fight to ensure farmers have a strong safety net so
this key segment of our economy can weather current hard times and continue to
provide all Americans with safe, affordable food."
"The proposal is
disappointing considering the level of support President Trump received from
the parts of the country his budget is hurting most," said USA Rice
President & CEO Betsy Ward. "If
these cuts were ever enacted, they would devastate rural America and our
farmers. But the President does like to
negotiate, so I guess this is his opening offer. He won't be surprised we're rejecting it.
USA Rice Daily, Tuesday, May 23, 2017
Rice
import restriction extended
The Philippines, one of the world’s top rice importers, is supposed to lift the import restriction by July 1 this year under an agreement with the World Trade Organization (WTO). It was not immediately clear if Manila needs to seek another waiver from the trade body from its obligation to open up the domestic rice market. In 2014, Manila won WTO approval for a waiver but, as part of the agreement, it pledged to increase the annual import volume from 350,000 tons and reduce the rice tariff from 40%. Agriculture Secretary Emmanuel F. Piñol, who believes the Philippines could be self-sufficient in rice production by 2020, had been pushing for a two-year extension of the restriction, saying local farmers are not ready to compete with cheap imports.
The Philippines imports more than 1 million tons of rice every year, with Thailand and Vietnam its key suppliers. Socio-economic Planning Secretary Ernesto M. Pernia had pushed for the lifting of the restriction, arguing that introducing competition in the domestic market would encourage local farmers to improve efficiency and bring down local prices. Both Messrs. Piñol and Pernia did not respond to Reuters’ requests for comments on the executive order. The Southeast Asian nation has kept the restriction in place since 1995 when it acceded to the WTO treaty. It has won three extensions since then.
The missive was numbered Executive Order No. 23 and was released yesterday simultaneously with three other executive orders that extended zero tariff rates on information technology products (IT) and capital equipment imported by enterprises registered with the Board of Investments, while setting a new tariff schedule in the next three years for other imported products under the Customs Modernization and Tariff Act (CMTA). EO 23 now directs that agricultural products that are “entered or withdrawn from warehouses in the Philippines” to be still subject to the rates indicated in an earlier EO 190, which the new directive replaces. EO 23 was released after the National Economic and Development Authority (NEDA) “approved the extension of the reduced rates of duty on agricultural products in EO No. 190 for another three (3) years.”
Rice Farmers are Concerned
MAY 22ND, 2017 DEVIN BAYLISS ACADIA
Rice farmers in Louisiana are
worried. Last week congress officially notified the Trump administration of
plans to renegotiate the North American Free Trade Agreement but this
renegotiation has local rice farmers concerned.
“Rice as you know in Acadia parish
and southwest Louisiana is a major driver of the economy.” says local Acadia
rice farmer, Jackie Loewer. What once was good is now a concern for rice
farmers. “When President Trump was elected, he spoke very negatively about
NAFTA and NAFTA has been a very good trade agreement for rice.”
The NAFTA trade agreement is between
the U.S., Canada and Mexico.“Mexico is our largest exporter, they buy more from
us than any other country in the world. And Canada the other partner with NAFTA
is our 4th largest customer. So these are significant trading partners that we
want to maintain.” says Loewer. He adds when President Trump was elected he
threaten to do away with NAFTA because of some of the other products that are
being imported into the United States.
“We feel that our exports our
products off the farm are as valuable as the products that come out of the
factories.” Loewer adds. So for now, NAFTA isn’t completely done for yet, but
is being renegotiated by the Trump administration.“Which we think after 23
years is probably not a bad thing. but we want to make sure and monitor it so
that the good part pf NAFTA isn’t thrown away with the good part.” says Loewer.
Jackie Loewer says luckily the
Secretary of Agriculture, Sonny Perdue is working to keep farmers off the
chopping block. Congress has less than 90 days to give input on the trade deal
watch video by clicking next link
https://kadn.com/rice-farmers-are-concerned/
https://kadn.com/rice-farmers-are-concerned/
Rice import
quota extended for 3 yrs
MAY 23, 2017
PRESIDENT Rodrigo Duterte
has signed an order extending the quota on imported rice for three more years,
heeding the recommendation of the National Economic and Development Authority
and the Agriculture department despite longstanding calls to remove quantitative
restrictions (QR) on the staple.
Executive Order 23, signed by
Duterte on April 27 but released by the Palace only on Monday, also extended
the effectivity of tariffs on a number of agricultural products.
The Philippines had secured
permission from the World Trade Organization (WTO) to impose quotas on rice
imports, to protect Filipino farmers, only until June 30.
Under the new EO, the quota under
the Minimum Access Volume scheme remains at 805,200 metric tons. The in-quota
tariff was also kept at 35 percent. Outside the quota, the tariff is 40
percent.
Economists, including those from
the state-run Philippine Institute for Development Studies, have long called
for the removal of rice quotas to comply with WTO rules, and also to remove
corruption at the National Food Authority, the state monopoly on grains
importation.
But Agriculture Secretary Emmanuel
Piñol in December called for at least a two-year extension, saying Filipino
farmers were not prepared for an influx of cheap rice imports.
Usually, however, negotiations with
affected rice-exporting countries take place before the rice quota is extended.
The Philippines had earlier granted
greater market access – not limited to rice – to countries affected by the
previous extension of the special treatment on rice. In exchange for the QR
extension, Manila offered other rice-producing countries certain trade
concessions, such as greater access to the Philippine market for other
products.
Without the extension, tariff rates
will revert to higher levels and the MAV for rice will revert to the original
350,000 MT.
Duterte also signed EO 20 modifying
the nomenclature and rates of import duty on various products under Section
1611 of the Customs Modernization and Tariff Act.
“There is a need to ensure that the
high economic growth currently being enjoyed by the country is sustainable and
inclusive, and will benefit future generations of Filipinos,” Duterte said in
the EO.
“It is the policy of government to
create an enabling environment for the growth and international competitiveness
of Philippine industries that will create and preserved employment
opportunities and increase incomes,” he added.
The new EO states that a new
multi-year tariff schedule will promote transparency and stability, facilitate
trade and enhance consumer welfare
Philippine agency orders private sector to
import cheap rice
Source: Xinhua| 2017-05-23 19:42:40|Editor: xuxin
MANILA,
May 23 (Xinhua) -- The Philippines' National Food Authority (NFA) Council has
approved the importation of 805,000 tons of Minimum Access Volume rice this
year, a government statement said on Tuesday.MAV refers to the volume of
commodities that is allowed to be imported by a member country of the World
Trade Organization. The 2017 Minimum Access Volume is the last of its kind
before the lifting of the quantitative restriction on rice by June 30 this
year.Cabinet Secretary Leoncio Evasco said the council has also directed the NFA Management to amend the Minimum Access Volume guidelines to require participating traders to import 25 percent broken rice from the 25 to 35 percent quota.
"This will ensure adequacy of supply and stability of consumer prices at levels within the reach of low-income families," he said.
http://news.xinhuanet.com/english/2017-05/23/c_136308353.htm
Thailand
to open second rice auction in 2017
The auction is expected to attract many businesses as it is the final batch of rice put for sale this year, said Duangporn Rodphaya, Director General of the Ministry of Commerce’s Department of Foreign Trade. To date, the Thai government has stocked 4.82 million tonnes of rice, much lower than the volume of 18.7 million tonnes between 2011-2014.
A total of 11.7 million tonnes of rice was sold by auction for 112 billion THB from May 2014 to mid April 2017. In the first five months of this year, Thailand exported 4.1 million tonnes of rice, up 9 percent, earning 1.74 billion USD, up 6 percent against last year.-VNA
http://en.vietnamplus.vn/thailand-to-open-second-rice-auction-in-2017/112151.vnp
Nagpur Foodgrain Prices Open- May 23, 2017
Reuters | May 23, 2017, 02.20 PM
IST
Nagpur Foodgrain Prices -
APMC/Open Market-May 23 Nagpur, May 23 (Reuters) - Gram and tuar prices
reported higher in Nagpur
Agriculture Produce and Marketing Committee (APMC) auction on increased
buying support from local millers amid thin supply from producing belts.
Notable rise in Madhya
Pradesh gram prices and enquiries from South-based millers also jacked up
prices. About 1,200 bags of gram and 1,900 bags of tuar were available for
auctions, according to sources. FOODGRAINS & PULSES GRAM * Desi
gram raw recovered in open market on good seasonal demand from local traders.
TUAR * Tuar varieties ruled steady in open market on subdued demand from local
traders amid ample stock in ready position. * Udid varieties, Lakhodi
dal and Batri dal
moved down in open market on poor buying support from local traders amid
increased arrival from producing belts. * In Akola,
Tuar New - 4,000-4,100, Tuar dal (clean) - 6,000-6,200, Udid Mogar
(clean) - 9,000-10,000, Moong Mogar (clean) 6,800-7,200, Gram - 5,800-6,100, Gram
Super best * Wheat, rice and other commodities moved in a narrow range in
scattered deals and settled at last levels in thin trading activity. Nagpur
foodgrains APMC
auction/open-market prices in rupees for 100 kg FOODGRAINS Available prices
Previous close Gram Auction 5,100-5,450 5,050-5,450 Gram Pink
Auction n.a. 2,100-2,600 Tuar Auction 3,500-3,960 3,500-3,910 Moong Auction
n.a. 3,900-4,200 Udid Auction n.a. 4,300-4,500 Masoor Auction n.a. 2,600-2,800
Wheat Mill quality Auction 1,500-1,652 1,500-1,620 Gram Super Best Bold
8,200-8,500 8,200-8,500 Gram Super Best n.a. n.a. Gram Medium Best 7,600-7,900
7,600-7,900 Gram Dal Medium n.a. n.a Gram Mill Quality 5,600-5,700 5,600-5,700
Desi gram Raw 6,350-6,550 6,300-6,500 Gram Yellow 8,000-8,200 8,000-8,200 Gram Kabuli
12,300-13,400 12,300-13,400 Tuar Fataka
Best-New 6,200-6,400 6,200-6,400 Tuar Fataka
Medium-New 5,800-6,000 5,800-6,000 Tuar Dal Best Phod-New 5,700-6,000
5,700-6,000 Tuar Dal Medium phod-New 5,000-5,500 5,000-5,500 Tuar Gavarani New
4,100-4,200 4,100-4,200 Tuar Karnataka
4,200-4,300 4,200-4,300 Masoor dal best 5,500-5,700 5,500-5,700 Masoor dal
medium 5,200-5,400 5,200-5,400 Masoor n.a. n.a. Moong Mogar bold (New)
7,000-7,500 7,000-7,500 Moong Mogar Medium 6,500-6,800 6,500-6,800 Moong dal Chilka
5,500-6,300 5,500-6,300 Moong Mill quality n.a. n.a. Moong Chamki best
7,000-8,000 7,000-8,000 Udid Mogar best (100 INR/KG) (New) 10,000-11,000
10,200-11,200 Udid Mogar Medium (100 INR/KG) 8,000-9,000 8,200-9,200 Udid Dal
Black (100 INR/KG) 5,800-6,200 6,000-6,400 Batri
dal (100 INR/KG) 5,500-5,600 5,500-5,700 Lakhodi dal (100 INR/kg) 3,300-3,500
3,400-3,700 Watana Dal (100 INR/KG) 2,900-3,000 2,900-3,000 Watana White
(100 INR/KG) 3,400-3,600 3,400-3,600 Watana Green
Best (100 INR/KG) 4,000-4,500 4,000-4,500 Wheat 308 (100 INR/KG)
1,950-2,050 1,950-2,050 Wheat Mill quality (100 INR/KG) 1,750-1,850 1,750-1,850
Wheat Filter
(100 INR/KG) 2,150-2,350 2,150-2,350 Wheat Lokwan new (100 INR/KG) 1,850-2,050
1,850-2,050 Wheat Lokwan best (100 INR/KG) 2,200-2,350 2,200-2,350 Wheat Lokwan
medium (100 INR/KG) 2,000-2,150 2,000-2,150 Lokwan Hath Binar (100 INR/KG) n.a.
n.a. MP Sharbati
Best (100 INR/KG) 3,300-3,600 3,300-3,600 MP Sharbati Medium (100 INR/KG)
2,600-2,800 2,600-2,800 Rice BPT new (100 INR/KG) 3,100-3,400 3,100-3,400 Rice
BPT best (100 INR/KG) 3,500-4,000 3,500-4,000 Rice BPT medium (100 INR/KG)
3,000-3,200 3,000-3,200 Rice Luchai (100 INR/KG) 2,500-2,800 2,500-2,800 Rice
Swarna new (100 INR/KG) 2,300-2,450 2,300-2,450 Rice Swarna best (100 INR/KG)
2,600-2,800 2,600-2,800 Rice Swarna medium (100 INR/KG) 2,400-2,500 2,400-2,500
Rice HMT New (100 INR/KG) 3,600-4,000 3,600-4,000 Rice HMT best (100 INR/KG)
4,500-4,800 4,500-4,800 Rice HMT medium (100 INR/KG) 4,000-4,200 4,000-4,200
Rice Shriram
New(100 INR/KG) 4,650-4,850 4,650-4,850 Rice Shriram best 100 INR/KG)
6,800-7,000 6,800-7,000 Rice Shriram med (100 INR/KG) 6,300-6,500 6,300-6,500
Rice Basmati best (100 INR/KG) 11,000-15,000 11,000-15,000 Rice Basmati Medium
(100 INR/KG) 6,500-8,000 6,500-8,000 Rice Chinnor New(100 INR/KG) 4,600-4,800
4,600-4,800 Rice Chinnor best 100 INR/KG) 5,800-6,300 5,800-6,300 Rice Chinnor
medium (100 INR/KG) 5,400-5,600 5,100-5,300 Jowar Gavarani (100 INR/KG)
1,900-2,200 1,900-2,200 Jowar CH-5 (100 INR/KG) 1,800-1,900 1,800-1,900 WEATHER
(NAGPUR) Maximum temp. 44.9 degree Celsius, minimum temp. 30.0 degree Celsius
Rainfall : Nil FORECAST: Partly cloudy sky. Maximum and minimum temperature
would be around and 44 and 30 degree Celsius respectively. Note: n.a.--not
available (For oils, transport costs are excluded from plant delivery prices,
but included in market prices).
http://timesofindia.indiatimes.com/business/india-business/nagpur-foodgrain-prices-open-may-23-2017/articleshow/58804387.cms
