Published on March 11, 2014
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874 10th March , 2014 Share developments in RICE and allied sectors, Promote the Concept of Knowledge Economy Dear Sir/Madam, YOUR IDEA has a great worth---JUST share it through RICE PLUS
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section firstname.lastname@example.org Cell # 92 321 369 2874 10000+ stakeholders of rice industry read & apply various ideas and analysis written by the authors. Be the part of Rice plus authors Visit: www.ricepluss.com,www.publishpk.net email@example.com,firstname.lastname@example.org TOP Contents - Tailored for YOU Latest News Headlines… o Philippines under pressure over high rice prices o Rice color does matter, say experts o New rice processor launched o February rice stocks lowest in four months o Philippines Feb rice stocks hit lowest in 4 mths, more imports likely o Rice markets lift on the back of Californian drought o Palay, corn prices up in end Feb o More rice farmers will receive overdue payments next week o Thammasat unveils new rice strain o Price of packed rice to be 3-5% lower than in previous year o Rice prices drop to 8,000 - 8,200 baht per ton o Commerce Min builds confidence prior to next rice auction o Commerce Min to auction off more rice o 34 envelopes handed in during latest rice auction by Govt o Poor rice price sees traders snub China o Rice may rule range-bound o Traders kick against ban of inland rice importation o 14,000 tonnes of paddy procured in Tiruchi by TNCSC
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874 o Nagpur Foodgrain Prices Open- Mar 10 o Rice export issue yet to be addressed: Minister of Supply o Ghana: Ban Rice Imports o PADDY| TRADERS EXPECT INDIAN RICE PRICES TO CONTINUE TO BE RANGE-BOUND BUT WITHIN A POSITIVE TERRITORY. o Nigeria: Confusion Trails Nigeria's Rice Policy, As Okonjo-Iweala, Adesina Express Divergent Views NEWS DETAILS: Philippines under pressure over high rice prices March 09, 2014 RECORDER REPORT Rice prices in the Philippines have risen for six straight weeks, piling pressure on the government to import more of the national staple to stabilise markets and curb inflation already at two-year highs. While bumper harvests in other countries have stoked a global rice glut, prices in the Philippines have climbed around 4 percent in the last three months after Typhoon Haiyan devastated key growing regions and as the government clamps down on smugglers looking to avoid hefty taxes. Increased purchases by the Philippines, one of the world's largest rice buyers, would help ease global oversupply, with Vietnam and Thailand likely to bid aggressively for any new deal from their Southeast Asian neighbour. National Food Authority spokesman Rex Estoperez confirmed media reports that Manila has since late January doubled the amount of rice it has been releasing into markets from stockpiles most days, looking to curb price gains. "Private traders are running out of stocks, that's why we have released (more) rice into the market from our warehouses," he said. That has further drained NFA stocks that had dwindled to around 275,000 tonnes at the start of the year - equivalent to 8 days' worth of consumption, nearly half normal levels. Figures for January are due to be released next week. he US Department of Agriculture has already said it expects Philippine imports to hit 1.4 million tonnes in 2014, which would be the highest in four years. The country has yet to confirm any purchases beyond 500,000 tonnes it bought from Vietnam in a government-to-government deal in November. Vietnam, the world's second-biggest rice exporter after India, is traditionally the Philippines' biggest supplier as it usually offers cheaper rice. For Thailand, a deal to sell rice to the Philippines would help offload some of its huge reserves and raise much-needed money to pay farmers that participated in a controversial subsidy scheme. GOING UP The average retail price of well-milled rice in the Philippines rose a further 1.2 percent in February from the previous month to 40.12 pesos ($0.90), and was up 13.7 percent from a year ago, data from the Bureau of Agricultural Statistics showed on Tuesday.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section firstname.lastname@example.org Cell # 92 321 369 2874 Estoperez said the NFA had doubled the rice allocated each day to government accredited outlets to 2,500 kg per location. Details on the number of accredited outlets in the Philippines were not immediately available. He also noted that government moves to crack down on smugglers had pushed prices higher. Philippines' customs have been on a drive to curb smuggling that has been rife as some importers look to avoid a whopping 40 percent duty on private shipments of rice and to get around a quota system. Critics have long argued the tariff should be reduced to encourage legal imports, but President Benigno Aquino's government says it is necessary to support local farmers. Climbing rice and fuel costs have driven up inflation in the Philippines, with its central bank predicting annual inflation to have reached its highest in more than two years in February. Rice color does matter, say experts By Tessa R. Salazar Philippine Daily Inquirer 12:31 am | Saturday, March 8th, 2014 White rice may look more pleasing at the dining table, but brown rice actually does the job insofar as providing more nourishment goes.Brown rice is rich in gamma amino butyric acid—a brain neurotransmitter and a memory-enhancing ingredient—according to Filipino ―Balik Scientist‖ Custer Deocaris. He stressed that consuming brown instead of white rice may help improve brain development and result in better school performance. ―It could also address micronutrient deficiency in kids and the country’s food security issues.‖The Department of Science and Technology-Food and Nutrition Research Institute (DOST-FNRI) also hopes more Filipinos would consume brown rice and cut the country’s dependency on imported rice.FNRI said that brown, or unpolished, rice is whole-grain rice with the bran layer still on, which gives the brownish color, and which exudes a mild, nutty flavor. Quoting the International Rice Research Institute, FNRI said that in comparison with white rice, brown rice is richer in vitamins and minerals such as vitamins B1, B3 and B6, manganese, phosphorus and iron. Brown rice also contains as much as up to four times the amount of insoluble fiber in white rice.As a way of promoting the consumption of brown rice, DOST-FNRI has put together a recipe book that it considers a suitable and simple nutrition tool featuring standard recipes of brown rice.The development process for the book involved literature and recipe research, focus group discussions, standardization and evaluation of sensory attributes, estimation of energy and nutritional content, and photo-documentation of the recipes.The book features original recipes, along with their estimated energy, calcium, iron, vitamin A, thiamin, riboflavin, niacin and vitamin C content per serving.The ―Lutong FNRI: Brown Rice Recipes Para sa Lahing Kayumanggi‖ is available at the FNRI Library in Bicutan, Taguig City. An e-copy of the book will be uploaded on the FNRI website. For disease prevention
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874 Nutritionist-dietician Blecenda Miranda Varona, RND, MPH, who advocates plant-based nutrition, has been deeply involved in a community education program to assist cardiovascular and cancer patients. She maintains a nutrition protocol that is 100-percent plant-based (or vegan), low in fat and high in fiber, using locally grown produce, such as malunggay, tomatoes, tofu (tokwa), crushed corn and beans such as mung (munggo) to go with predominantly red, black and brown rice.The Philippine population has been known to consume the least amounts of vegetables and fruits in Asia—a measly 40 kilograms annual per capita compared to China’s 250 kg. This has led health experts to believe that diet has played a key role in the high prevalence of cancer and cardiovascular diseases in the country.The World Health Organization’s recommendation for vegetable and fruit consumption has been pegged at between 146 and 182 kg. At this minimum level, as much as 31 percent of ischemic heart diseases, 19 percent of strokes and 19 percent of stomach cancers could be prevented. New rice processor launched CH RS SARMA Ads by Google KAKINADA, MARCH 9: A new rice processor – Sortex S Ultravision – was launched here on Sunday on the second day of the three-day Rice Tech Expo being organised by Vijayawada-based Shiny Trade Expositions.Nick Wilkins, Director and the head of Rice Processing wing of the London-based Buhler company, said the new version of Sortex S was on display here and ―we have decided to launch it here as a part of global release. We have chosen Kakinada as it is the rice bowl of Andhra Pradesh and India. It is an improved version of Sortex rice processors already being used in rice mills in Andhra Pradesh and India. The new processor has higher capacity, better performance and it is simple to use.‖He said rice millers in AP and India were willing to invest in upgrading and modernising their mills, as it would be cost-effective. ―Rice exports are also taking place through Kakinada port and therefore they want to provide quality rice for domestic and international markets,‖ he added. D Bhaskara Reddy, President of the East Godavari Rice Millers’ Association, expressed happiness over the event taking place here and said the millers were keen on upgrading their mills and the Government and banks should provide them the requisite support.P Pillaiyar, rice consultant from Madurai, spoke of techniques of producing parboiled rice and he said there were cost-effective methods to prepare such even without steam. The existing parboiled rice mills could install those new machines at an additional cost of ₹30-40 lakh and reap the benefit. He exhorted the rice millers to keep themselves abreast of the technological developments in the field. (This article was published on March 9, 2014)
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section firstname.lastname@example.org Cell # 92 321 369 2874 February rice stocks lowest in four months OVERALL RICE stocks in the Philippines fell to their lowest in four months in February, data showed yesterday, increasing pressure on Manila to import more of the national staple.The country has been expected to ship in more rice to boost supply as it battles local prices that have risen for seven straight weeks, with speculation rife on the timing and size of any tender.But the National Food Authority (NFA), the Philippines’ grains procurement agency, said it had yet to finalize import plans.Purchases by the Philippines, one of the world’s biggest rice buyers, could support falling prices elsewhere in Asia, with both Vietnam and Thailand likely to bid aggressively for any new deal.Inventory in the Philippines fell 5.7% to 2.0 million tons as of Feb. 1, good for 59 days of national usage, from 2.12 million tons at the start of the year, the Bureau of Agricultural Statistics (BAS) said in a report.The NFA’s stockpile rose 67.1% to 460,000 tons, however, thanks to the partial delivery of rice purchased in November from Vietnam. But that was good for only 14 days of consumption, below the mandatory 15 day-minimum.While bumper harvests in other countries have stoked a global rice glut, prices in the Philippines have climbed around 4% in the last few months after super typhoon Haiyan devastated key growing regions and as the government clamps down on smugglers looking to avoid hefty taxes.Stocks in commercial warehouses fell 18.7% and those in households dropped 15.6%, the data showed.The average retail price of well-milled rice rose 0.64% from a week ago to P40.63 per kilogram as of March 4, the BAS said in a separate report.Vietnam’s official Tuoi Tre (Youth) newspaper yesterday quoted the Vietnam Food Association as saying that the Philippines was gearing up to issue a tender to buy 800,000 tons of rice.But Manila has yet to confirm any purchases beyond the 500,000 tons it bought from Vietnam in a government-to-government deal in November."There is a lot of speculation but we haven’t really finalized anything at the moment," said Dennis Arpia, a senior executive assistant at the NFA. "But we have a mandate to boost and maintain a healthy buffer stock."The NFA is mandated to maintain a 30- day buffer stock during the lean growing season from July to September, double the level required at other times.The NFA can buy rice from Vietnam, Thailand or Cambodia -- the only three countries with which it has government-to-government supply agreements.An NFA spokesman last week confirmed media reports that Manila has since late January doubled the amount of rice it has been releasing into domestic markets from stockpiles most days. The move is aimed at curbing price gains.Meanwhile, Vietnam, the world’s number two exporter of the grain after India, has lowered its price floor for exports of low-grade rice for the second time in a month to attract buyers amid the global supply glut. – Reuters Philippines Feb rice stocks hit lowest in 4 mths, more imports likely
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874 Mon Mar 10, 2014 5:30am EDT By Erik dela Cruz MANILA, March 10 (Reuters) - Overall rice stocks in the Philippines fell to their lowest in four months in February, data showed on Monday, increasing pressure on Manila to import more of the national staple.The country has been expected to ship in more rice to boost supply as it battles local prices that have risen for seven straight weeks, with speculation rife on the timing and size of any tender.But the National Food Authority (NFA), the Philippines' grains procurement agency, said on Monday it had yet to finalise import plans.Purchases by the Philippines, one of the world's biggest buyers of the grain, could support falling rice prices elsewhere in Asia, with both Vietnam and Thailand likely to bid aggressively for any new deal.Inventory in the Philippines fell 5.7 percent to 2.0 million tonnes as of Feb. 1, good for 59 days of national usage, from 2.12 million tonnes at the start of the year, the Bureau of Agricultural Statistics (BAS) said in a report.The NFA's stockpile rose 67.1 percent to 460,000 tonnes, however, thanks to the partial delivery of rice purchased in November from Vietnam. But that was good for only 14 days of consumption, below the mandatory 15 day-minimum.While bumper harvests in other countries have stoked a global rice glut, prices in the Philippines have climbed around 4 percent in the last few months after Typhoon Haiyan devastated key growing regions and as the government clamps down on smugglers looking to avoid hefty taxes.Stocks in commercial warehouses fell 18.7 percent and those in households dropped 15.6 percent, the data showed.The average retail price of well-milled rice rose 0.64 percent from a week ago to 40.63 pesos ($0.92) per kilogram as of March 4, BAS said in a separate report. COMING SOON? Vietnam's official Tuoi Tre (Youth) newspaper on Monday quoted the Vietnam Food Association as saying the Philippines is gearing up to issue a tender to buy 800,000 tonnes of rice.But Manila has yet to confirm any purchases beyond 500,000 tonnes it bought from Vietnam in a government-to-government deal in November."There is a lot of speculation but we haven't really finalised anything at the moment," said Dennis Arpia, a senior executive assistant at the NFA."But we have a mandate to boost and maintain a healthy buffer stock."The NFA is mandated to maintain a 30-day buffer stock during the lean growing season from July to September, double the level required at other times.The NFA can buy rice from Vietnam, Thailand or Cambodia - the only three countries with which it has government-to-government supply agreements.An NFA spokesman last week confirmed media reports that Manila has since late January doubled the amount of rice it has been releasing into markets from stockpiles most days, looking to curb price gains.Meanwhile, Vietnam, the world's No. 2 exporter of the grain after India, has lowered its price floor for exports of low-grade rice for the second time in a month to attract buyers amid the global supply glut.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section firstname.lastname@example.org Cell # 92 321 369 2874 (Additional reporting by Ho Binh Minh in Hanoi; Editing by Joseph Radford) Rice markets lift on the back of Californian drought ABC Rural By Laurissa Smith Posted Mon 10 Mar 2014, 10:09am AEDT PHOTO: SunRice CEO Rob Gordon says the company recognises its facing tough competition from other industries like cotton and needs to offer a bigger price incentive to rice growers. (Laurissa Smith) AUDIO: Outlook for 2014 rice industry promising: SunRice(ABC Rural) Drought in California could help drive up rice prices for Australian growers. The US state is one of Australia's major competitors in global medium grain markets.It's also experiencing the driest year in recorded history.Rob Gordon, CEO of food processor SunRice, says the area planted to rice in California could be half the size of previous seasons."Their crop is about twice the size of the typical Australian crop."So if they are down by 30 to 50 (per cent) - and we'll find out when it's in the ground - that does provide a good opportunity to take advantage of stronger pricing in the coming year."We would anticipate the return next year to be over $300 a tonne mark for rice."Mr Gordon says growers in south-west NSW should harvest just under 800,000 tonnes of rice this year."We believe we've got markets for 100,000 tonnes more than that and still make a good return to our growers." Topics: rice, agricultural-prices, jerilderie-2716 Palay, corn prices up in end Feb By Czeriza Valencia (The Philippine Star) | Updated March 10, 2014 - 12:00am MANILA, Philippines - The average farmgate prices of palay (unhusked rice) and white corn grain rose in the last week of February and first week of March, while farmgate prices of yellow corn grain fell, according to the
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874 Bureau of Agricultural Statistics (BAS).In its latest commodity price report released late Friday, BAS said the average farmgate price of palay rose to P19.56 per kilogram (kg) from Feb. 26 to March 4, up 1.77 percent from the previous week’s level and 21. 34 percent from the same period last year.The average price of white corn grain rose 1.61 percent week-on-week during the reference period to P15.13 per kg. A price decrease of 7.41 percent was noted from the same period last year.Farmgate prices of yellow corn grain quoted at P12 per kg fell 0.58 percent from the previous week but was higher by 0.67 percent from last year.Price gains were also noted in the average wholesale and retail prices of well-milled rice during the reference period.The average wholesale price of well-milled rice at P38.27 per kg during the reference period rose 0.84 percent week-on-week and 16.50 percent year-on-year.Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The average retail price of well-milled rice quoted at P40.63 per kg rose 0.64 percent week-on-week and 15.03 percent year-on-year.Upward movements were also noted for both wholesale and retail prices of regular milled rice.Wholesale price of P35.58 per kg rose 1.51 percent from the previous week and 19.88 percent from the previous year.Retail price of P37.38 per kg was up 0.73 percent from the previous week and 16.70 percent from the previous year.Both wholesale and retail price of yellow corn grain fell during the reference period.The average wholesale price of P16.36 per kg was down 1.09 percent week-on-week but was higher 4.07 percent from the same period last year.Retail price of P21.96 per kg was lower 0.68 percent last week and 1.39 percent year-on-year.The average wholesale and retail prices of white corn grain during the reference period, meanwhile, remained constant from the previous week’s and last year’s quotations at P15.78 per kg. More rice farmers will receive overdue payments next week Date : 9 มีนาคม 2557 BANGKOK, 9 March 2014 (NNT) - The Ministry of Commerce will expedite the disbursement of 20 billion baht next week after the Election Commission (EC) approved the budget and will start distributing 500,000 tons of rice on 10 March. Commerce Minister Niwatthamrong Boonsongpaisarn said he had received a letter from the EC approving the central budget of 20 billion baht to finance the rice subsidy program. As for the previously approved budget of 712 million baht, the Bank for Agriculture and Agricultural Cooperatives would pay farmers with this budget starting this Monday. The farmers who were qualified to receive the payments were those had not yet been paid for their produce in the 2012/2013 crop year in Phetchabun, Uthai Thani, Prachin Buri, Ayutthaya and the southern part of Chachoengsao, the minister said. Also on 10 March, the ministry will conduct a rice auction for 500,000 tons of rice—the first auction in March. Four rice auctions are scheduled each month—two normal auctions and two through the Agricultural Futures Exchange of Thailand.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section firstname.lastname@example.org Cell # 92 321 369 2874 Thammasat unveils new rice strain Thammarat Kijchalong The Sunday Nation March 9, 2014 1:00 am Thammasat University has unveiled a new strain of jasmine rice that could better withstand drought and pests, yield more produce and be grown in and out of season.The non-GMO rice strain, which reportedly boasts a better quality than jasmine rice 105, had its patent registered at the Agriculture Ministry on March 5.The Thammasat jasmine rice had previously been registered for patent at the Commerce Ministry, said Professor Boonhong Chongkid of the university's Department of Agricultural Technology, Faculty of Science and Technology. He said the rice took only 60 days to blossom compared to jasmine rice 105's 100 days period while respective yield was 900-1,200 kilograms per rai compared to 500 kilograms per rai. The academic said the new rice would be given to Pathum Thani farmers near the university’s Rangsit Campus to grow in an experiment before expanding it to other central provinces.The rice has been introduced in the university’s 80th anniversary celebration, which involves various activities until June 27.Another event is a nine-episode reality show titled "Khao Klang Muang" (Rice in Downtown City), which aims to educate society about the importance of rice and farmers.Assoc Prof Harirak Sutabutr, chairman of the anniversary celebration's organising committee, said filming of the show was ongoing and it involved nine participants taking a seed of the new rice to their home or office to prove it can grow anywhere. Another anniversary event is a photography contest titled the "80th anniversary of Thammasat University: yesterday, today and tomorrow". For details: www.tu80th-contest.com. Price of packed rice to be 3-5% lower than in previous year Date : 10 มีนาคม 2557 BANGKOK 10 March 2014 (NNT) — Packed rice will cost consumers between 80-120 baht per a 5-kilogram bag this year, a decrease of at least 3-5 % from last year, given the fact that paddy price has decreased. According to Somkiat Makayathorn, President of the Thai Rice Packers Association, the
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874 price of packed rice this year will cost consumers 3-5% less than it did last year. In other words, last year’s price of 90-130 baht per bag will be lowered to 80-120 baht. The reason behind the drop is that the prices of paddy have plunged considerably. At the moment, the price stands at 13 baht per kilo, or 13,000 baht per ton, while the price paid to rice farmers has dropped to 7,500 - 8,000 baht per ton. Mr. Somkiat further stated that companies that sell rice will start to adjust their prices accordingly, lowering retail prices of packed rice. However, he does not believe the price will drop any further, as it is already considered the lowest point, which is very close to the price of rice in other countries. The President of the Thai Rice Packers Association added that the drought affecting rice production this year should be another factor that prevents the price of Thai rice from dropping even further. Rice prices drop to 8,000 - 8,200 baht per ton Sunday, 09 March 2014By NNT BANGKOK, 7 Mar 2014, The prices of rice have dropped to the range of 8,000 - 8,200 baht per ton for grain with 15% moisture content, according to the media reports, predicting that prices may dive even further down to 7,000 baht per ton.Rice millers are now offering the said prices only for off- season rice, as rice farmers have begun to unload their freshly harvested crops, the reports indicated, citing the 7,000 baht per ton price is the lowest level in 6 years.Currently, rice traders are keeping their eyes on the government’s policies on the management of its stockpile of rice, as its rice pledging scheme will soon come to an end. Analysts pointed out that the government might rush to sell the stockpiled rice to obtain the money to pay rice farmers who have yet to receive the rice pledging program money, forcing the prices to drop further.According to the Commerce Ministry’s record, the price during the first 3 months of 2009 was quoted at 2,125 baht per a 100-kilogram sack of white rice; currently, millers offer only 1,475 for each 100-kilogram sack Commerce Min builds confidence prior to next rice auction Date : 9 มีนาคม 2557
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section firstname.lastname@example.org Cell # 92 321 369 2874 BANGKOK, 9 March 2014 (NNT) – The Commerce Ministry is building confidence among investors ahead of the next rice auction, which is scheduled for March 12th. Deputy Commerce Minister Yanyong Phuangrach, along with representatives from the Public Warehouse Organization (PWO) and the Department of Internal Trade (DIT), has been to Muang District of Sing Buri Province to inspect rice registered under the government’s rice subsidy program. After the inspection, the deputy minister said all the 48,000 sacks of rice were in good condition and safely kept in the warehouse as reported. The inspection was aimed at building confidence among investors who would participate in the forthcoming rice auction on March 12th. The Commerce Ministry expects to deliver as many as 1 million tons of rice by the end of this month. Commerce Min to auction off more rice Date : 10 มีนาคม 2557 BANGKOK, 10 March 2014 (NNT) - The Ministry of Commerce is set to auction over 500,000 tons of pledged rice today in a bid to secure funds to pay back farmers in the rice-pledging scheme. Interested exporters and businesses are invited to participate in the bidding which will be held between 9AM and 4.30PM today. The rice stock will include 5 percent white rice and 100 percent jasmine rice. The ministry earlier said that it plans to auction off more than one million tons of milled rice this month. The one million plus tons target includes over 516,000 tons of rice to be auctioned off through the Agricultural Futures Exchange of Thailand. Networks of farmers from rice-growing provinces meanwhile continue to stay put at the ministry compound. The number of protesters began to drop recently as many needed to return home for the annual planting season. Rice growers will re-group again on March 12 and will hold discussions on their next move against the government. 34 envelopes handed in during latest rice auction by Govt Date : 10 มีนาคม 2557 BANGKOK, 10 March 2014 (NNT) – The Commerce Ministry’s latest auction of rice from the government stock received much interest from the private sector, with a total of 34 envelopes handed in. A bidding frenzy was seen today after the Department of Foreign Trade opened the auction of 517,000 tons of rice that had been acquired through the government’s rice pledging scheme. Throughout the session, which ran from 9 am to 4.30 pm, the bidders tendered as many as 34 envelopes, the highest number of all the auctions. The types of rice put up for bidding included 100% jasmine rice, provincial fragrant rice, fragrant Pathum Thani rice, 5% white rice and broken-milled rice. The grains were those kept in the silos of the Public Warehouse Organization and the Marketing Organization for Farmers located in 24 provinces, such as Nonthaburi, Chiang Rai, Ubon Ratchathani, Nakhon Sawan and Prachin Buri. According to the confirmation by Director-General of the Department of Foreign Trade Surasak Riangkrul, the starting bids for the rice were set in line with the market prices. If any bidder offered a lower price than the starting rate, no consideration would be given. The winning bidders are expected to be called in by the department tomorrow for further price negotiations.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874 Poor rice price sees traders snub China By Zaw Htike and Su Phyo Win | Monday, 10 March 2014 Currency fluctuations have begun cutting into the profits of local rice traders, who are increasingly turning away from Myanmar’s largest rice buyer, China, in favour of either exploring other foreign markets or storing their stocks until they can get a better price, experts said. With 60 percent of all unprocessed rice exports sent to China, exporters have scaled back on shipments over the past month as the two currencies traders are mostly paid in, the US dollar and the yuan, have depreciated against the kyat, said Myanmar Rice Federation (MRF) joint general secretary U Lu Maw Myint Maung.―As foreign currency prices [against the Kyat] are lower than those of one month ago, the profit margin for rice traders has become narrower,‖ he said.In February a dollar cost K987, and a yuan K160, though in the first week of March exchange rates worsened to K966 and K155 respectively.As a result of the high transactional toll as well as unstable price fluctuations offered by Chinese importers, many of whom smuggle in rice stocks without paying tariffs in Yunnan province through Shan State’s Muse border, traders have slowed trade by as much as 28 percent to China and are looking elsewhere to sell their stock, U Thauk Kyar, executive member of Muse Rice Traders’ Association, told The Myanmar Times. ―The amount of rice exported to China is now about 2500 tonnes a day and as the yuan has fallen, Myanmar traders are holding off on exporting the rice they have stored in Muse,‖ he said, adding that local traders were bringing as much as 3500 tonnes of rice through the Muse border not even one month ago.Despite demand, traders claim to be making between 15-21pc less on rice export deals and are now receiving just US$320-330 per tonne of 25pc broken rice, compared to as high as $404 one month ago, and $405-415 per tonne of 5pc broken rice, down from $446.―When the yuan goes up, so will rice exports to China,‖ said U Myo Tura Aye, a local rice exporter, adding that prices will change again from now until May with the harvest underway.Rice exports for the 2013-14 fiscal year will likely reach just 1.1 million tonnes for the 2013-14 fiscal year, falling well short of the 2.1 million tonnes exported last year, Minister of Commerce,U Win Myint said last week.The government had previously set an export goal of 3 million tonnes, though traders had withheld its stock from most buyers in favour of what were better rates coming from illicit traders in China. With few trade partners, China makes up 60pc of rice exports, while 45pc is shipped to Africa and the rest to the EU.Traders fear however that the worst has yet to come as rice prices could be driven down even further when Thailand, the world’s biggest exporter, starts to sell off its vast reserves in the coming months, said MFA chair U Soe Tun.―At the present time, I am urging farmers not to sell their paddy rice immediately after it is harvested ... and wait for a better price,‖ he said.In an effort to bolster trade, the MFR last week announced a deal with various African countries, including Ivory Coast and Togo, to export 100,000 tonnes of rice to be shipped this month.In addition, MSF also announced that it would take six months to draw up a national plan for regulating rice harvesting and trading practices in Myanmar in order to create sustainability in the sector.―The rice sector is widely distributed across the country. We need to focus on every aspect, starting with farmers and including investments procedure,‖ said MRF secretary-general U Ye Min Aung, adding, that the country needs to begin moving away from a national model focusing only on domestic food security and toward one that would position Myanmar as one of the region’s largest traders.―Investors find the current policy
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section firstname.lastname@example.org Cell # 92 321 369 2874 confusing and want matters like trade restrictions, taxes, export allowances and insurance cleared up before they take a risk on us,‖ he said. Rice may rule range-bound OUR CORRESPONDENT KARNAL, MARCH 10: The rice market may continue to witness a range-bound movement in the coming days, according to market sources.With the trading being lukewarm, prices of aromatic and non-basmati varieties were quoted with marginal fluctuations on Monday.Amit Chandna, proprietor of Hanuman Rice Trading Company, told Business Line that only need-based buying is taking place in the market. Domestic demand has failed to pick up but the availability of stocks has improved and it may pick up further in the coming days, he said.After witnessing an uptrend last weekend, Pusa-1121 and Sharbati prices have been ruling flat since then and traders expect rice prices to continue ruling around current levels in the coming days. In the physical market, Pusa-1121 (steam) sold at ₹8,700-8,900, while Pusa-1121 (sela) quoted at ₹7,800. Pure Basmati (Raw) quoted at ₹12,200. Duplicate basmati (steam) sold at ₹7,000. Pusa-1121 (second wand) was at ₹7,100, Tibar at ₹6,150 while Dubar at ₹5,000 a quintal. In the non-basmati section, Sharbati (Steam) sold at ₹5,000 while Sharbati (Sela) quoted at ₹4,600. Permal (raw) sold at ₹2,320, Permal (sela) at ₹2,340, PR-11 (sela) sold at ₹2,700 while PR-11 (Raw) at ₹2,600. PR14 (steam) sold at ₹2,950 a quintal. (This article was published on March 10, 2014) Traders kick against ban of inland rice importation Members of the Greater Accra Market Association at the weekend appealed to the President to reconsider the ban on inland importation of rice, which they said is creating a monopoly for foreign importers of the commodity.Madam Rosemary Laryea, Public Relations Officer of the Association, said the ban has led to harsh economic difficulties facing members, including locked up capital in foreign countries, as well as unpaid loans to the banks. Speaking to the Ghana News Agency in Accra, she said importation of rice through Tema Harbour, is favouring foreign businessmen at the expense of local entrepreneurs.She said the ban was too abrupt, which disorganised their business activities.Madam Laryea said the Association conduct its business legally and, therefore, found it
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874 untenable to lump all members for bringing in rice through smuggling and other illegal means.―There are personnel of the Customs Division of Ghana Revenue Authority at all inland ports and members of the association pay the relevant revenue due the state through the Authority.―The ban has led to the rise in the prices of the commodity, which is one of the major staple of Ghanaians,‖ she said.Madam Laryea, therefore, appealed to the government to lift the ban as a matter of urgency to bring relieve to members. 14,000 tonnes of paddy procured in Tiruchi by TNCSC About 14,000 tonnes of paddy has been procured from farmers in Tiruchi district so far by the Tamil Nadu Civil Supplies Corporation even as harvest of the samba paddy crop in the district is expected to be completed within the next couple of weeks.Paddy has been raised in about 45,000 hectares (ha) in the district, including 37,000 ha in the canal irrigated delta areas of the district. Sources in the Agriculture Department said crops in only about 12,000 ha are to be harvested yet and the entire harvest would be completed soon. Sources in the Tamil Nadu Civil Supplies Corporation said the target for procurement for the Kharif Marketing season (October – September) was 40,000 tonnes. Although only 14,000 tonnes have been procured so far, an officer of the TNCSC expressed confidence that the target will be achieved. ―Except for farmers who had raised Andhra ponni, which fetches a better rate over the government procurement price in the open market, others are opting to sell their produce to TNCSC,‖ he said.Although about 40,000 to 50,000 tonnes is normally procured during a Kharif Marketing Season in the district, just 3,000 tonnes were procured last year owing to the drought conditions.Farmers in the district have reported a normal yield. ―The yield in our area ranged between 35 and 45 bags (60 kg each) an acre,‖ said A.Nagarajan, president, Horticulture Crop Producers Association. P.Ayyakannu, State vice president, Bharathiya Kisan Sangam, however pointed out that the average yield was around 40 bags only in the canal- irrigated delta areas of the district and not in the non-delta areas where the crops were affected due to absence of rain.Many farmers in rain-fed areas did not even go for the crop for want of water, he said. Close on harvesting the paddy, farmers in some parts of the district have gone in for rice fallow pulses, mainly blackgram. Keywords: Paddy procurement, Tamil Nadu Civil Supplies Corporation, Samba paddy crop Nagpur Foodgrain Prices Open- Mar 10 Mon Mar 10, 2014 4:22pm IST Nagpur, Mar 10 (Reuters) - Gram and tuar prices in Nagpur Agriculture Produce and Marketing Committee (APMC) firmed up again on increased demand from local millers amid weak supply from producing regions. Fresh rise on NCDEX in gram, weak overseas arrival and fresh rise in Madhya Pradesh gram prices also boosted sentiment, according to sources.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section firstname.lastname@example.org Cell # 92 321 369 2874 * * * * FOODGRAINS & PULSES GRAM * Gram varieties reported higher in open market on renewed demand from local traders. Reports about poor crops position because of unseasonal rains in all over Maharashtra also boosted prices. TUAR * Tuar varieties shot up in open market on good demand from local traders amid thin supply from producing belts. Weak overseas supply and poor crop position in thin season also activated stockists. * Masoor varieties zoomed up in open market on increased buying support from local traders amid weak arrival producing belts. * In Akola, Tuar - 3,800-4,000 , Tuar dal - 6,000-6,200, Udid at 6,000-6,300, Udid Mogar (clean) - 7,000-6,200, Moong - 8,100-8,300, Moong Mogar (clean) 9,500-9,700, Gram - 2,900-3,000, Gram Super best bold - 3,600-3,800 for 100 kg. * Wheat, rice and other commodities remained steady in open market in thin trading activity, according to sources. Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg FOODGRAINS Available prices Previous close Gram Auction 2,620-2,875 2,600-2,840 Gram Pink Auction n.a. 2,100-2,600 Tuar Auction 3,800-4,025 3,750-3,930 Moong Auction n.a. 6,100-6,300 Udid Auction n.a. 4,300-4,500 Masoor Auction n.a. 2,600-2,800 Gram Super Best Bold 4,000-4,200 3,900-4,100 Gram Super Best n.a. Gram Medium Best 3,500-3,700 3,400-3,600 Gram Dal Medium n.a. n.a.
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874 Gram Mill Quality 3,600-3,700 3,450-3,500 Desi gram Raw 3,100-3,200 3,000-3,100 Gram Filter new 3,400-3,600 3,200-3,500 Gram Kabuli 8,100-10,500 8,100 -10,500 Gram Pink 7,700-8,100 7,700-8,100 Tuar Fataka Best 6,500-6,600 6,300-6,500 Tuar Fataka Medium 6,100-6,300 6,000-6,100 Tuar Dal Best Phod 5,900-6,000 5,800-5,900 Tuar Dal Medium phod 5,500-5,800 5,400-5,700 Tuar Gavarani 4,100-4,200 3,950-4,050 Tuar Karnataka 4,400-4,450 4,150-4,250 Tuar Black 7,200-7,400 7,200-7,400 Masoor dal best 5,600-5,800 5,400-5,500 Masoor dal medium 5,300-5,400 5,100-5,300 Masoor n.a. n.a. Moong Mogar bold 9,700-9,950 9,700-9,950 Moong Mogar Medium best 9,300-9,500 9,300-9,500 Moong dal super best 8,600-8,900 8,600-8,900 Moong dal Chilka 8,000-8,300 8,000-8,300 Moong Mill quality n.a. n.a. Moong Chamki best 8,200-8,700 8,200-8,700 Udid Mogar Super best (100 INR/KG) 7,500-7,800 7,500-7,800 Udid Mogar Medium (100 INR/KG) 6,000-6,800 6,000-6,800 Udid Dal Black (100 INR/KG) 4,900-5,200 4,900-5,200 Batri dal (100 INR/KG) 4,400-5,000 4,400-5,000 Lakhodi dal (100 INR/kg) 3,200-3,300 3,200-3,300 Watana Dal (100 INR/KG) 3,350-3,450 3,350-3,450 Watana White (100 INR/KG) 3,400-3,500 3,400-3,500 Watana Green Best (100 INR/KG) 4,500-4,800 4,500-4,800 Wheat 308 (100 INR/KG) 1,700-1,800 1,700-1,800 Wheat Mill quality(100 INR/KG) 1,875-1,920 1,875-1,920 Wheat Filter (100 INR/KG) 1,650-1,850 1,650-1,850 Wheat Lokwan best (100 INR/KG) 2,400-2,500 2,400-2,500 Wheat Lokwan medium (100 INR/KG) 2,000-2,200 2,050-2,200 Lokwan Hath Binar (100 INR/KG) n.a. n.a. MP Sharbati Best (100 INR/KG) 3,000-3,600 3,000-3,600 MP Sharbati Medium (100 INR/KG) 2,400-2,900 2,400-2,900
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section firstname.lastname@example.org Cell # 92 321 369 2874 Wheat 147 (100 INR/KG) 1,600-1,700 1,600-1,700 Wheat Best (100 INR/KG) 1,700-1,750 1,700-1,750 Rice BPT new(100 INR/KG) 2,600-2,950 2,600-2,950 Rice BPT old (100 INR/KG) 3,000-3,500 3,000-3,500 Rice Parmal (100 INR/KG) 1,700-1,850 1,700-1,850 Rice Swarna old (100 INR/KG) 2,500-2,800 2,500-2,800 Rice Swarna new (100 INR/KG) 2,300-2,400 2,300-2,400 Rice HMT new (100 INR/KG) 3,800-4,200 3,800-4,200 Rice HMT old (100 INR/KG) 4,400-4,800 4,400-4,800 Rice HMT Shriram (100 INR/KG) 4,700-5,000 4,700-5,000 Rice Basmati best (100 INR/KG) 12,000-14,500 12,000-14,500 Rice Basmati Medium (100 INR/KG) 6,600-8,000 6,600-8,000 Rice Chinnor (100 INR/KG) 5,500-6,000 5,500-6,000 Rice Chinnor new (100 INR/KG) 5,200-5,500 5,200-5,500 Jowar Gavarani (100 INR/KG) 1,400-1,600 1,400-1,600 Jowar CH-5 (100 INR/KG) 1,700-1,800 1,700-1,800 WEATHER (NAGPUR) Maximum temp. 30.7 degree Celsius (87.2 degree Fahrenheit), minimum temp. 17.6 degree Celsius (63.6 degree Fahrenheit) Humidity: Highest - n.a., lowest - n.a. Rainfall : 0.1 mm. FORECAST: Generally cloudy sky. Rains or thunder-showers likely towards evening or night. Maximum and Minimum temperature likely to be around 31 and 18 degree Celsius respectively. Note: n.a.--not available (For oils, transport costs are excluded from plant delivery prices, but included in market prices.) Rice export issue yet to be addressed: Minister of Supply Sara Aggour / March 9, 2014 / Merchant attempts to withhold rice stock re-emerge following announcement of plans to reopen rice exports Issues with rice exports have yet to be resolved, Minister of Supply and Internal Trade Khaled Hanafy said late Saturday.(AFP Photo).Issues with rice exports have yet to be resolved, Minister of Supply and Internal Trade Khaled Hanafy said late Saturday, adding that the media would be informed of any updates.On 3 March, the minister told state-owned news agency MENA that he would reconsider a decision suspending rice exports. There have since been demands to resume rice exports, Hanafy said, ―in order to open new rice markets abroad, and contribute to revitalising the economy.‖―As soon as the rice merchants heard about the possibility of exportation, they stopped selling it,‖ said the Vice Chairman of Rice Division in the Federation of Egyptian
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874 Industries (FEI) Mostafa Atallah. ―Rice merchants withhold their stocks so that they can make more profits in exporting it.‖Earlier in November, then Minister of Industry and Foreign Trade Mounir Fakhry Abdel Nour announced that the government plans to export 100,000 tonnes of rice, that was set to take place between mid-November and January 2014.According to Atallah, these plans were suspended, due to domestic shortages because of merchants attempting to monopolise the market and raise prices.Atallah added that the issue of rice exports is ―not expected to be addressed before September.‖Former Minister of Supply Mohamed Abu Shady meanwhile made a contradictory announcement to Abdel Nour’s in October, saying that rice exports would be halted ―until all ration needs of the grain are met‖.―I will not pay heed to the interests of a few dozen rice exporters at the expense of domestic markets,‖ Abu Shady told the Daily News Egypt in a November interview. Ghana: Ban Rice Imports OPINION Reports from Parliament last week indicated that government was contemplating placing a ban on the importation of rice and poultry.Moving a motion on the floor of Parliament on Tuesday to thank President John Dramani Mahama for his February 25th State of the Nation address, Trade & Industry Minister Haruna Iddrisu said government would soon legislate a policy that would protect local industry and at same time make Ghana a net exporter of food."I have often heard the argument: 'why not ban importation of rice and poultry?' We are ready to do so as a government, when we set up an institutional infrastructure which will see to the establishment of international trade commission, to deal with the matters of anti-dumping. Very soon, we will lay before this House a bill to address that particular challenge", the Minister disclosed.Figures from the Ministry of Trade & Industry reveal that the country spends between US$500 million and US$600 million annually on the importation of rice and poultry, even though Ghana has the needed capacity to meet our needs in that direction.The Minister gave the specific annual bills for rice in the past three years as US$374m (2013), US$359m (2012) and US$384m (2011) while those for poultry for the same period were US$169.2m (2013), US$196m (2012) and US$184m (2011)."The above statistics must necessarily spur us to rise to the challenge of economic transformation because we have the capacity to produce rice and develop our poultry industry as a value chain; we have done it before during the Acheampong era and we can do it again", Minister Iddrisu stressed.Given such volumes, it makes sense to The Chronicle for Ghana, with a more or less mono-crop economy, whose capacity to generate the foreign exchange with which these imports are made are desultory at best, to ban the importation of rice and poultry.But we must be careful and not put the cart before the horse. Any premature ban before local capacity has been created would be disastrous; it would encourage smuggling and at the same time escalate prices.And how is
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section firstname.lastname@example.org Cell # 92 321 369 2874 the local capacity going to be created? Are we going to resuscitate collapsed industries or are we going to set up new ones and on what terms? PADDY| TRADERS EXPECT INDIAN RICE PRICES TO CONTINUE TO BE RANGE-BOUND BUT WITHIN A POSITIVE TERRITORY. MARCH 8, 2014 Traders expect Indian rice prices to continue to be range-bound but within a positive territory. Pusa-1121 and Sharbati rice varieties improving by Rs 50-200 per quintal. In the Karnal physical market, Pusa-1121 (steam) improved by Rs 100 and sold at Rs 8700-8900, while Pusa-1121 (sela) quoted at Rs 7800-7850 per quintal Nigeria: Confusion Trails Nigeria's Rice Policy, As Okonjo-Iweala, Adesina Express Divergent Views BY BASSEY UDO, 8 MARCH 2014 Confusion trails the Federal Government's policy on rice importation as two ministers express divergent views on the current policy.About 48 hours after the Finance Minister, Ngozi Okonjo-Iweala, announced the federal government's decision to reduce import tariff on rice, and thus encourage legal importation, the Agriculture Minister, Akinwunmi Adesina, said the federal government is still determined to reduce importation of the product.Mrs. Okonjo-Iweala said on Wednesday in Abuja that government was contemplating on reducing the tariff on rice importation to help reduce smuggling of the commodity into the country.The minister was fielding questions during the maiden edition of 'Budget 2014 Jam', a youth online programme initiated by the Finance Ministry to enable the minister answer questions from a cross section of Nigerians youth on the budget.The minister said that the existing 110 per cent duty on rice importation, recently put in place by the federal government, would have to be reviewed downwards as government has found that it was encouraging smuggling of the commodity into the country."We increased the tariff to 110 per cent, and it encouraged some people to go and grow rice, and we grew 1.1 million metric tonnes of the product."But, it also encouraged smuggling by neighboring countries, because they immediately dropped their own tariffs to 10 per cent," Mrs. Okonjo-Iweala said.The finance minister explained that the government had decided to review the import tariff downwards because increased tariff was not working."For rice, we decided to bring it (import tariff) down because we see that it (the current 110 per cent import tariff) is not working," she said.But, the Agriculture and Rural Development Minister, Mr. Adesina, insisted on Friday that the federal government was still determined to discourage and stop rice importation."We want to discourage those that bring rice as traders," he said. "We want those that are going to go in and have commercial farms, produce rice, buy domestic paddy rice and mill it for us.
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