12th April ,2016 Daily Global,Regional & Local Rice -Enewsletter by Riceplus Magazine

8/18/2019 12th April ,2016 Daily Global,Regional & Local Rice -Enewsletter by Riceplus Magazine

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Daily Global Rice E-Newsletter 2016

www.ricepluss.com www.riceplusmagazine.blogspot.com

For information : Mujahid Ali [email protected] 0321 369 2874

1

www.ricepluss

www.riceplusmagazine.blogspot

Vol 7,Issue IV

April 12 ,201


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Editorial Board

Chief Editor

Hamlik

Managing Editor

Abdul Sattar Shah

Rahmat Ullah

Rozeen Shaukat

English Editor

Maryam Editor

Legal Advisor

Advocate Zaheer Minhas

Editorial Associates Admiral (R) Hamid Khalid

Javed Islam Agha

Ch.Hamid Malhi

Dr.Akhtar Hussain

Dr.Fayyaz Ahmad Siddiqu

Dr.Abdul Rasheed (UAF)

Islam Akhtar Khan

Editorial Advisory Board

Dr.Malik Mohammad Has

Assistant Professor, Gomal

University DIK

Dr.Hasina GulAssistant Director, Agriculture KPK

Dr.Hidayat UllahAssistant Professor, Universit

Swabi

Dr.Abdul BasirAssistant Professor, Universi

Swabi

Zahid Mehmood

PSO,NIFA Peshawar

Falak Naz ShahHead Food Science & Techno

ART, Peshawar

oday Rice News Headlines...

ETHICAL CONCERNS REGARDING GMOS IN PAKISTAN

Vegetables: Sri Lanka to facilitate imports from Pakistan

Pakistan seeks to be Iran's top rice exporter

Basmati prices likely to firm up in near term despite tepid demand

China to release more water to alleviate SE Asia drought

Vietnam could disrupt plans to bolster NFA’s rice buffers

Manila urged to drop rice import quotas

Satellite technology takes root in Philippine farms

APEDA AgriExchange Newsletter - Volume 1452

Drought could hit rice stocks at exporters, fuel price crisis, analyst

says

Rice basmati strengthens on rising demand

AMAICA: Rice price going up by 10 to 15 per cent

India's monsoon rains seen above average in 2016: weather office

At 106% rainfall, IMD predicts above-normal monsoon in 2016

04/12/2016 Farm Bureau Market Report

U.S. House's Cuba Working Group Hears Ag Trade Benefits

WASDE Report Released

Commodity Report-April 12

The paradox of rice imports

Basmati rice industry may see revival from H2 of 2016-17: Icra

News Detail...

ETHICAL CONCERNS REGARDING

GMOS IN PAKISTAN A Z I B A L I A P R I L 1 1 , 2 0 1 6CH-TONIC3 COMMENTS196 VIEWS

enetically Modified Organisms (GMOs) are one of the marvels of science and their

xistence in the natural world cannot be denied. In fact almost all the African

ountries have been taken over by the swarms of GMOs in the form of GM crops,

M products, etc. These GMOs are produced by insertion of genetic portions of

fferent traits from different organisms into the genome of one organism.These

MOs have many useful aspects, but besides those useful aspects they also are

pable of many negative effects on the ecosystem and these negative effects are far

ore noticeable than beneficial ones.


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First ever genetically engineered DNA was made in 1973 and after that the process got startedand adopted by many scientists, and the result is in the form of today’s world where new diseases

keep on originating from nowhere, old ones got worse with only some vaccines as a preventivemeasure but where does it lead those people of our society who die just because they cannotafford such expensive medication?

In Pakistan, trend of GMOs is still in. This country has been inoculated with the virus of GMOsin the form of BT-cotton being grown all over Pakistan. BT-rice, more than 60% of which is being used all over the country and people are unaware of it, GM tomato, potato are amongmany others.Whenever someone dies at the young age (25-45 years approx) due to any disease, people say it’s the will of God; but why don’t we ask ourselves what if we try to make this planet

as God ordered us to make it? Why is the natural world so limited? Why don’t we see cancer asthe genetic disorder when someone young dies of it? What if the inserted genes in GMOs arecausing this? What if the insect resistant toxin produced by BT-cotton causes cancer or otherfatal diseases? Why our animals don’t eat seed cake made from GM crop seeds? Why

international seed companies and food departments are taking over the control of what we eat inthis country? These entire questions have answers waiting before us. The only thing that we needto do is to expand our point of view. We must try to take things seriously and moredeeply.Always keep it in mind to think before you eat, no matter what you eat and how


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expensive it is or how much hygienic it is because it’s your life that is on the line and not thatscientist’s life who is sitting in the lab and making GMOs like that to get rich. http://blogs.dunyanews.tv/12815/ethical-concerns-gmos-pakistan/

Vegetables: Sri Lanka to facilitate imports from Pakistan

April 12, 2016 RECORDER REPORT

Sri Lanka will facilitate the import of vegetables including potato and onion from Pakistan. The issue ofexempting imported consignments of vegetables from regularity duties will be taken up in the nextcabinet meeting as the duties are imposed to save local production. These views were expressed by SriLankan Minister of Trade and Industry Rishad Bathiudeen while addressing a lunch arranged by Pakistan-Sri Lanka Business Forum in his honour.

He said Pakistan's cement and pharmaceutical industries had better opportunities of investment in SriLanka. He said that enjoying the free trade agreement between Sri Lanka and India, Pakistan, byestablishing industries in Sri Lanka and with value addition of its products, can had indirect market accessto India. Education, he said, was another sector where both countries might develop cooperation as a largenumber of students from Sri Lanka went to India and United Kingdom for modern education. They could be invited to professional universities especially those in medical and engineering fields in Pakistan.

The minister said Pakistan's rice had great demand in Sri Lanka whereas Sri Lankan tea could get sharesin Pakistani markets. On the occasion, Aslam Pakhali, President of Pakistan-Sri Lanka Business Forumappreciated the efforts made by the minister for enhancement of bilateral trade. He said the minister hadgreat contribution in making the single country exhibition of Pakistan held in Sri Lanka a successfulshow.

Pakhali said imposition of regularity duties was right of Sri Lankan to save its local production. However,the foreign country was requested to exempt the already shipped consignments of potato and onion fromPakistan, which was the largest exporter of the same item to Sri Lanka, he added.

He further informed the visiting minister that the forum was doing all its best to enhance trade betweenthe two countries. He said the forum had advertised Sri Lankan pineapple in Pakistan recently. "There is ademand for Sri Lankan herbal and Islamic products in Pakistan. The mega project of CPEC may also provide access to Sri Lankan products in Middle Eastern countries, Europe and Central Asia." The dinner programme was also attended by Sri Lankan Consul General in Karachi Heerath, Vice President of theforum Abdul Wahhab and others.-PRhttp://www.brecorder.com/agriculture-a-allied/183/34876/

Pakistan seeks to be Iran's top rice exporter20160410T000000ZGlobal English (Middle East and North Africa Financial Network)Pakistani traders seek an increase of at least 30pct in export of aromatic Basmati rice to Iran, as the latteris one of the world's biggest rice importers, based on reports.Iran ships in more than USD2bn of thecommodity yearly and Pakistan on the other hand has a modicum share in the neighboring market, so it


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emerges as a top candidate to be a top exporter.Moreover, Pakistan expects outbound shipments to grow20-30 percent in the near future; however its biggest challenge now is to break a long-standing monopolyof Indian aromatic rice in Iran.We are eager to regain our lost share of basmati rice to India, as in the pastfew years, India has flooded the Iranian market with its basmati rice at knockdown prices," said a topPakistani official

http://www.world-grain.com/news/news%20home/LexisNexisArticle.aspx?articleid=2567580631

Basmati prices likely to firm up in near term despite

tepid demand By Sutanuka Ghosal, ET Bureau | 12 Apr, 2016, 11.39AM IST

The industry is expected to witness weak sales

growth or degrowth and decline in profitability

in 2015-16, Majumdar said.KOLKATA: The

Basmati price have gone up 11.7% in the past

one month, promising some respite to traders

even as excess supply and weak demand are

expected to continue in the near term,

according to credit rating agency ICRA and

some experts.Most of the companies are

expected to report a decline in profitability in

2015-16, which will weaken the leverage

profile of these companies. Listed companies

such as KRBL, LT Foods and Kohinoor Foods with established brands such as India Gate,

Dawat and Kohinoor armed with strong distribution networks are likely to be better placed todeal with the situation, the agency said. "The scenario of excess supply and weak international

demand is expected to linger in the near term, impacting the financial profile of basmati rice

players," Sabyasachi Majumdar, co-head of corporate rating at ICRA, said.

The industry is expected to witness weak sales growth or degrowth and decline in profitability in

2015-16, Majumdar said. "Inability to liquidate stocks and recover funds from debtors are likely

to increase the funding requirements and hence leverage. Nevertheless, players with established

brands and strong distribution network are likely to be better placed to cope with the challenges,"

he said. Majumdar said that the situation is likely to improve only from the next basmati paddyharvest season in the second half of FY17. Prerana Desai, vice president, Edelweiss Agri

Research, said that the prices of basmati paddy had bottomed out in February 2016 when it

touched Rs 4,600 per quintal. "Though it has gone up to Rs 5,250 per quintal, the prices will

keep on languishing for some time," she said.

http://localhost/var/www/apps/conversion/tmp/scratch_4/etreporter/author-sutanuka-ghosal.cmshttp://localhost/var/www/apps/conversion/tmp/scratch_4/etreporter/author-sutanuka-ghosal.cmshttp://localhost/var/www/apps/conversion/tmp/scratch_4/etreporter/author-sutanuka-ghosal.cmshttp://localhost/var/www/apps/conversion/tmp/scratch_4/topic/leveragehttp://localhost/var/www/apps/conversion/tmp/scratch_4/topic/leveragehttp://localhost/var/www/apps/conversion/tmp/scratch_4/topic/networkshttp://localhost/var/www/apps/conversion/tmp/scratch_4/topic/networkshttp://localhost/var/www/apps/conversion/tmp/scratch_4/definition/basmati-ricehttp://localhost/var/www/apps/conversion/tmp/scratch_4/definition/basmati-ricehttp://localhost/var/www/apps/conversion/tmp/scratch_4/definition/stockshttp://localhost/var/www/apps/conversion/tmp/scratch_4/definition/stockshttp://localhost/var/www/apps/conversion/tmp/scratch_4/definition/stockshttp://localhost/var/www/apps/conversion/tmp/scratch_4/definition/stockshttp://localhost/var/www/apps/conversion/tmp/scratch_4/definition/basmati-ricehttp://localhost/var/www/apps/conversion/tmp/scratch_4/topic/networkshttp://localhost/var/www/apps/conversion/tmp/scratch_4/topic/leveragehttp://localhost/var/www/apps/conversion/tmp/scratch_4/etreporter/author-sutanuka-ghosal.cms


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While basmati price is consumed across the globe, West Asian countries account for most of theimports. Within West Asia, Iran and Saudi Arabia are the two largest buyers, together accountingfor over 50% of basmati rice exports from India. However, even as Iran emerged as one of thelargest importers of basmati rice in recent years, the country imposed a ban on basmati riceimports from India in 2014-15, citing its own healthy rice crop and large basmati inventory. The ban led to a decline in Iran's proportion of total exports from India from 37% in 2013-14 to 24%in 2014-15.economictimes.indiatimes.com ›

China to release more water to alleviate SE Asia

drought

Cambodia fears drought due to insufficient water from upper Mekong 12 Apr 2016 at 17:00 4,981 viewed4 comments

WRITER: AGENCIES

In this March 28 photo, workers repair a dried up irrigation canal at Chai Nat province. Much ofSoutheast Asia is suffering its worst drought in 20 or more years. Tens of millions of people inthe region are affected by the low level of the Mekong, a rice bowl-sustaining river system thatflows into Laos, Thailand, Cambodia and Vietnam.(AP photo)

BEIJING -- China will release more water from a dam in its southwestern province of Yunnan tohelp alleviate a drought in parts of Southeast Asia, China's Foreign Ministry said on Tuesday,following an initial release begun last month.The water already began being released on Mondayfrom the Jinghong dam, and will continue to be released until the "low-water period" is over,

ministry spokesman Lu Kang told a daily news briefing.The actual amount of water released will be decided upon by how much water there is to release upstream and the demands ofdownstream users, Mr Lu added.China's releases of water show the effectiveness of "waterfacilities" in helping control floods and address droughts, he said.China has said that the water released will benefit Thailand, Cambodia, Laos, Myanmar, andVietnam.Thailand is facing its worst water shortage in two decades, with 14 out of 76 provinces hit andlarge swathes of agricultural land at risk.Cambodian Prime Minister Hun Sen expressed concernon Monday that if low water levels in the Mekong River persist, Cambodia could be "seriouslyaffected" by drought and the encroachment of sea water.

Speaking at a Buddhist ceremony in Prey Veng province, Hun Sen said that the river's low levelhas already resulted in sea water flowing about 100 kilometres into the Mekong delta inVietnam, and that it could reach Cambodia as well in the absence of sufficient freshwater.The premier added that during his recent visit to China, he requested the upper Mekong country allowa larger volume of water to flow down the river.He said he also asked Thailand, Myanmar andLaos not to block any more water than is essential for their own usage, so as not to triggerdrought conditions in the lower Mekong countries.

http://localhost/var/www/apps/conversion/tmp/scratch_4/topic/Iranhttp://localhost/var/www/apps/conversion/tmp/scratch_4/topic/Iranhttp://localhost/var/www/apps/conversion/tmp/scratch_4/topic/Iranhttp://search.bangkokpost.com/search/result_advanced?category=news&columnistName=Agencieshttp://search.bangkokpost.com/search/result_advanced?category=news&columnistName=Agencieshttp://search.bangkokpost.com/search/result_advanced?category=news&columnistName=Agencieshttp://search.bangkokpost.com/search/result_advanced?category=news&columnistName=Agencieshttp://localhost/var/www/apps/conversion/tmp/scratch_4/topic/Iran


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In Vietnam, some 1.8 million people are facing water shortages and the government says230,000 hectares of rice has been destroyed in the central and southern regions this year.While China and Vietnam are involved in an increasingly bitter territorial dispute in the SouthChina Sea, the two communist-led countries have traditionally had close ties.

Beijing and Hanoi have also been trying to repair ties severely harmed in 2014 when Beijing parked an oil rig in waters off the Vietnamese coast, leading to anti-China riots.

Bangkok Post

Vietnam could disrupt plans to bolster NFA’s rice buffers THE strong drought hitting, some of the Philippine's key source of rice imports, could disrupt

the government’s plan to build up reserves of the staple held by the National Food Authority

(NFA), an industry official said.

Workers unload sacks of rice at a warehouse of the National Food Authority. – AFP

"There are many countries, not only us, hit by drought. And then everybody will be trying to get

rice from these rice-producing areas but they themselves are also hit by drought . That's where

price will be critical," said Philippine Confederation of Grains Associations (Philcongrains)


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President Herculano Co adding that funds for procurement will be crucial for the country's

imports.Earlier, the National Food Authority expressed plans to import additional 500,000 metric

tons (MT) of rice on top of its current government-to-government contract to bolster the

country's buffer stock amid the El Nino.

When asked if the country may be able to count on drought-stricken rice-producing countries for

500,000 MT considering the possibility of higher rice prices, Mr. Co answered in the negative.In

2015, some 511,250 MT of rice was approved for importation via contracts with various

countries, with specific quotas governed by the minimum access volume scheme, which allows

produce to enter into the country at reduced tariff rates. Of the total, 51.50% was bagged by

Vietnam. Thailand and India received allocations of 42.08% and 1%, respectively.

According to ―Vietnam Consolidated Report on Drought and Saltwater Intrusion‖ collated between October and March by the United Nations Disaster Risk Management Team

(UNDRMT), provinces in the Mekong Delta, Southern Central and Central Highlands regions

have been feeling the impact of the El Niño-induced dry spell since the end of 2015.The Mekong

Delta is Vietnam’s source of about half the country’s rice and fruit, with 159,000 hectares (ha) of

the staple grain reported damaged by the drought as well as by saltwater intrusion as of March 9.

―Since the end of 2015, water levels in the lower Mekong River have been at their lowest level

since records began nearly 100 years ago. It is estimated that levels of water shortage in the

rivers of the Mekong Delta range from 30-50%,‖ reported the UNDRMT, adding that ―further

500,000 ha of paddy rice is likely to be damaged by mid-2016.‖


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In January, Thai Prime Minister Prayuth Chan-ocha encouraged farmers to shift from solely

planting rice crops to help sustain water reserves across the country, which have dipped below

2015 levels. The Commerce Ministry, in addition, forecast output of 25 million MT for crop year

2016, down from 27.06 million MT a year earlier.According to a report by the Food and

Agriculture Organization of the United Nations dated Feb. 8, rice stocks this year may need "to be drawn down to bridge the expected gap between world production and consumption, with

much of the release likely to concern India and Thailand, the two leading rice exporters."

NFA spokesperson Angel G. Imperial said that the Philippine plan to import about 500,000 MT

more rice is ―not yet a definite plan... It’s just a possibility‖ being considered to boost buffer

stocks as a precaution against the dry spell, which has been hurting farms here since February

2015.Earlier, the NFA announced that buffers may be sufficient to rule out imports in the first

half of the year.―This will be an interesting few months for the global market, which faces a tight

supply situation for the first time since 2007-08,‖ according to a post by Dr. Sam Mohanty, headof the Social Sciences Division of the International Rice Research Institute (IRRI) dated Feb. 22

on the official IRRI Web site.

The rice stocks of five major exporters -- India, Thailand, Vietnam, Pakistan and the United

States��‖ have declined since reaching a peak of nearly 41 million tons in 2013, according to

IRRI, citing United States Department of Agriculture (USDA) data.The USDA was quoted as

saying that the biggest drawdown of stocks in the exporting countries is under way this year,

with a 40% drop from a year earlier to reach 19 million tons by late 2016.Mr. Co said that with

great crop damage resulting from the dry spell, a potential crisis looms that reminded him of the

rice crisis of 2008, when prices exceeded $1,000 per MT.―If we rely on imports, what happens ifthe countries have problems [supplying] their own like what is happening now? We will be

hostage to the rise in prices,‖ said Estrella F. Catarata, executive director of the Philippine

Network of Food Security Programmes, a convenor of the Green Action PH, civil society group.

Ms. Catarata also noted similarities to 2008.―If possible this may be even worse than 2007-2008crisis when there were no weather disturbances to spur the crisis,‖ Ms. Catarata said, noting thatthe violence in Kidapawan City may be a sign of the worsening situation.―If the government is serious in eradicating poverty and boosting agriculture, they should investin irrigation,‖ said Ms. Catarata. She estimated that nongovernment organizations can establishirrigation systems for P300,000-P400,000 adequate to the needs of a community of some 200households.UNIDRMT reported that Vietnam has allocated $23.3 million in emergency funds tocompensate farmers suffering from El Niño as well as providing them with water tanks and other provisions.


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Manila urged to drop rice import quotas 12 Apr 2016 at 04:00

NEWSPAPER SECTION: BUSINESS | WRITER: REUTERS

MANILA — The Philippines should scrap rice import quotas and instead charge tariffs onshipments of the grain, the World Bank said on Monday, as it urged the Southeast Asian countryto open up its economy to more competition.The country is the one of the world's top rice buyers, but its import controls aimed at protecting farmers have previously caused shortages andin 2014 local prices hit a record high and increased the number of Filipinos living in poverty.World Bank lead economist Rogier van den Brink said the government should replaceimport caps with an initial 30% tariff, compared with 35% currently imposed."Simulations showthat these policy changes will reduce poverty and hunger significantly," he told a news briefing,citing the private sector's capacity to meet supply shortages efficiently.

Easing restrictions on rice imports has been a hot issue in the Philippines, with the government

retaining tariffs and quotas to protect farmers, despite its commitment to removing global trade barriers.The state grains procurement agency, the National Food Authority (NFA), is the only body allowed to import rice tariff free."Liberalising rice trading and easing restrictions on localand foreign capital, and investments in sectors like telecommunications, shipping andconstruction, should generate more jobs, increase income and lower prices,'' van den Brink said.In its latest outlook, the World Bank kept its 6.4% and 6.2% growth forecasts for the Philippinesfor this year and next, making it among the fastest growing economies in the region. Theeconomy grew 5.8% in 2015.But Karl Kendrick Chua, senior country economist at the WorldBank, said the economy faced a range of risks including an uneven recovery of richer economies,financial market volatility, slower remittance growth from oil exporting countries, the El Niñoweather pattern, and uncertainty around the May 9 Philippine elections.

Satellite technology takes root in Philippine farms

Diwata-1, which is one of the cargoes of Cygnus cargo ship that arrived at the International

Space Station yesterday (NASA via AP)

The Department of Agriculture (DA) is fully embracing satellite technology, with data generatedfrom hundreds of kilometers up, to help address matters that affect food production down on theground.The DA is doing so as the first Philippine-assembled micro-satellite which was launched

last March awaits deployment from the International Space Station.Called Diwata-1, the micro-satellite is expected to help the country’s efforts to enhance and promote agricultural

productivity, among other applications.Through a partnership with the International RiceResearch Institute, the DA has been harnessing the latest technology such as remote sensing,crop modeling, cloud computing, and smartphone-based surveys to boost what — for mostFilipinos — is seen as a decidedly low-tech agriculture sector.

http://search.bangkokpost.com/search/result_advanced?category=news&xNewsSection=Businesshttp://search.bangkokpost.com/search/result_advanced?category=news&xNewsSection=Businesshttp://search.bangkokpost.com/search/result_advanced?category=news&xNewsSection=Businesshttp://search.bangkokpost.com/search/result_advanced?category=news&columnistName=Reutershttp://search.bangkokpost.com/search/result_advanced?category=news&columnistName=Reutershttp://search.bangkokpost.com/search/result_advanced?category=news&columnistName=Reutershttp://search.bangkokpost.com/search/result_advanced?category=news&columnistName=Reutershttp://search.bangkokpost.com/search/result_advanced?category=news&xNewsSection=Business


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The team-up with IRRI initially provides for the development and implementation of the PRISMPhilippine Rice Information System (Prism) until 2017.Earlier this year, the DA announced itwould continue beyond 2017 the Prism program, which is considered a pioneering achievementas the Philippines is the first country in Southeast Asia to have such an operational system.AliceLaborte, IRRI’s project leader for Prism, says the DA will own, operate and sus tain the riceinformation system starting 2018.―This will complement existing systems in the DA that guidestrategy and interventions for food security at national and regional levels,‖ Laborte

says.―Infrastructure, including resources and personnel, have been mobilized and PhilRice

(Philippine Rice Research Institute, a DA-attached agency) will be able to set up the Prism unit,‖she adds.

―This will be the center for all Prism operations, processes and maintenance.‖PhilRice executivedirector Calixto Protacio says Prism has been helping the Philippines monitor rice production aswell as prepare for and mitigate the effects of disasters to rice areas such as typhoons and El Niño.The PhilRice chief said this monitoring and information system had been generating timelyseasonal data on rice areas and yield, and assessment of crop health and damage in the event oftyphoons, flood or drought.―Advancing information technology can lead to timely and crucialinformation on which farmers and other stakeholders can base their decisions, surely leading tocompetitiveness in the rice supply chain,‖ Protacio says.Prism is one of several projects underthe Food Staples Sufficiency Program.

The DA’s National Rice Program provides funding for Prism’s development and

implementation, which the Bureau of Agricultural Research monitors.Jimmy Quilang, Prism project leader at PhilRice, says the system enables a better, faster and accurate assessment of riceareas, yield estimates, and forecast through the power of remote sensing — all despite the variouslocations, planting dates and effects of extreme weather events.Quilang adds that Prism-generated information can help decision-makers to act immediately and implement adjustments

http://technology.inquirer.net/files/2016/04/Diwata-1-0412.jpg


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and improvement on food security plans.According to IRRI’s Laborte, the system particularlyuses high-resolution Synthetic Aperture Radar imagery acquired throughout the rice growingseason.For the 2014 and 2015 cropping seasons, Prism used 443 satellite images acquired fromthird-party providers and used in rice area mapping and damage assessment.

According to IRRI, some of these images were used to map flood-affected parts of Nueva Ecijathat were ravaged by Typhoon ―Lando,‖ as well as to assess drought -affected areas in Mindanaodue to the El Niño.PhilRice’s Protacio says Prism will be a valuable tool for food self -sufficiency because agriculture planners can now pinpoint areas where development is needed.―For example,we can see which communities have very low yields, map these out, and then target them or provide support to these communities,‖ he says.―We have an average yield of four tons perhectare, but the others are just averaging maybe one ton,‖ he adds. ―So if we know where these

are, then we can better target these communities and give them the support needed.‖

http://technology.inquirer.net/47637/satellite-technology-takes-root-in-philippine-farms#ixzz45hmImHQa

APEDA AgriExchange Newsletter - Volume 1452

International Benchmark PricePrice on: 11-04-2016

Product Benchmark Indicators Name Price

Honey

1 Argentine 85mm, CIF NW Europe (USD/t) 2125

2 Argentine 50mm, CIF NW Europe (USD/t) 2180

3 Argentine 34mm, CIF NW Europe (USD/t) 2205Peanuts

1 South Africa, HPS 70/80 peanuts CFR main European ports (USD/t) 1875

2 South African, HPS 40/50 peanuts CFR main European ports (USD/t) 1000

3 Argentinean 40/50 runners, CFR NW Europe (USD/t) 1210

White Sugar

1 CZCE White Sugar Futures (USD/t) 840

2 Kenya Mumias white sugar, EXW (USD/t) 691

3 Pakistani refined sugar, EXW Akbari Mandi (USD/t) 581

Source:agra-net For more info

Market WatchCommodity-wise, Market-wise Daily Price on 09-04-2016

Domestic Prices Unit Price : Rs per Qty

Product Market Center Variety Min Price Max Price

Rice

1 Jajpur (Orissa) Other 1800 2400

2 Dibrugarh (Assam) Other 2000 2900

3 Sainthia (West Bengal) Common 1750 1770

http://technology.inquirer.net/47637/satellite-technology-takes-root-in-philippine-farms#ixzz45hmImHQahttp://technology.inquirer.net/47637/satellite-technology-takes-root-in-philippine-farms#ixzz45hmImHQahttp://technology.inquirer.net/47637/satellite-technology-takes-root-in-philippine-farms#ixzz45hmImHQa


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Wheat

1 Dehgam (Gujarat) Other 1550 1855

2 Satna (Madhya Pradesh) Other 1375 1450

3 Umared (Maharashtra) Other 1500 2250

Mousambi1 Thirurrangadi(Kerala) Other 3500 3700

2 Ganaur (Haryana) Other 2600 3000

3 Solan (Himachal Pradesh) Other 4500 5000

Brinjal

1 Palayam (Kerala) Other 900 1100

2 Nabha (Punjab) Other 600 1000

3 Surat (Gujarat) Other 700 1400

Source:agmarknet.nic.in For more info

Egg Rs per 100 NoPrice on 11-04-2016

Product Market Center Price

1 Pune 320

2 Chittoor 348

3 Hyderabad 300

Source: e2necc.com

Other International Prices Unit Price : US$ per packagePrice on 11-04-2016

Product Market Center Origin Variety Low High

Onions Dry Package: 40 lb cartons

1 Atlanta Mexico Yellow 21 22.25

2 Chicago Peru Yellow 24 24

2 Detroit Texas Yellow 22 25.50

Cauliflower Package: cartons film wrapped

1 Atlanta California White 21.25 24.50

2 Chicago Mexico White 18.50 18.50

3 Dallas California White 16 18

Grapes Package: 18 lb containers bagged

1 Atlanta Peru Red Globe 22 24.50

2 Chicago Chile Red Globe 20 22

3 Miami Peru Red Globe 17 20

Source:USDA

Drought could hit rice stocks at exporters, fuel price crisis,

analyst saysMANILA | BY MANOLO SERAPIO JR

A puddle of water is surrounded by cracked soil at a dried up swamp in Ayutthaya, Thailand,April 9, 2016.

http://agmarknet.nic.in/http://agmarknet.nic.in/http://agmarknet.nic.in/http://e2necc.com/http://e2necc.com/http://e2necc.com/http://e2necc.com/http://agmarknet.nic.in/


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REUTERS/ATHIT PERAWONGMETHA/FILES

Crippling drought brought on by the El Nino weather pattern could cut rice stocks among theworld's top exporters to levels not seen since 2008, potentially fueling a price crisis similar toone seen that year, an industry expert warned.Total stocks in top shippers of the grain India,

Thailand, Vietnam, Pakistan and the United States are likely to fall to 19 million tonnes by thesecond half of the year, from a peak of nearly 41 million tonnes in 2013, said SamarenduMohanty, head of the social sciences division at the Philippines-based International RiceResearch Institute."If we have a bad monsoon, with drought still persisting in many parts ofAsia, the risk significantly increases in terms of price response," Mohanty told Reuters in atelephone interview.

Dwindling stockpiles could crimp volumes exporters are willing to ship abroad.Although asevere El Nino is now fading, it has brought drought to swathes of Asia, drying irrigationchannels and destroying crops. It has also stoked concerns on the strength of the South Asianmonsoon due to start around June.Export restrictions by major rice producers including India fed

panic in the market in 2008, forcing big purchases by countries such as the Philippines thatcaused Asian benchmark prices to nearly triple to around $1,000 a tonne.

After that, consumers and exporters, mainly in Asia, rebuilt rice inventories to avoid anothercrisis, but Mohanty said stocks have been declining since 2013."Last year, nobody was panicking because they were sure that there's plenty of rice in the market if there's any shortfall. Ithink we don't have that luxury anymore this year," he said.The price of Thai 5-percent broken


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rice touched an eight-month high of $378.50 a tonne in March, while Vietnam's own 5-percent broken rice last month rose to a 2-1/2-month peak of $385 a tonne.

Mohanty said India and Thailand, the world's top two exporters, would have combined stocks ofaround 16 million tonnes by the third quarter, around 70-percent lower than levels in 2013.That buffer will be much smaller than recent stock levels of 16.2 million tonnes for India and about 12million tonnes for Thailand.India will be "very cautious in exporting" if its rice output is hit by aweak monsoon, said Mohanty.That could push big buyers such as the Philippines and Indonesiato accumulate the grain, a staple food for nearly half of the world's population, similar to whathappened in 2008."We might see the same thing as we move forward and countries get scaredabout the weather situation around them," Mohanty said.The Philippines is consideringimporting another 500,000 tonnes of rice this year to boost state reserve stocks.(Reporting by Manolo Serapio Jr.; Editing by Joseph Radford)http://in.reuters.com/article/rice-asia-drought-weather-monsoon-el-nin-idINKCN0X90GM

Rice basmati strengthens on rising demand

PTI | Apr 12, 2016, 03.15 PM IST New Delhi, Apr 12 () Rice basmati prices firmed up by Rs 200 per quintal at the wholesalegrains market today on rising demand from retailers against tight supplies from producingregions.

Traders said rising demand from retailers amid restricted supplies from producing regions mainlyled to the rise in rice basmati prices.In the national capital, rice basmati common and Pusa-1121variety were up by Rs 200 each to Rs 5,800-5,900 and Rs 4,500-5,500 per quintal,respectively.Non-basmati rice permal raw, wand and IR-8 were also up by Rs 25 each to Rs1,900-1,950, Rs 2,075-2,125 and Rs 1,725-1,745 per quintal, respectively. Sela too ended higher by Rs 100 to Rs 2,400-2,500 per quintal.Following are today's quotations (in Rs per quintal):Wheat MP (desi) Rs 1,850-2,100, Wheat dara (for mills) Rs 1,600-1,605, Chakki atta (delivery)Rs 1,605-1,610, Atta Rajdhani (10 kg) Rs 230, Shakti Bhog (10 kg) Rs 230, Roller flour mill Rs850-860 (50 kg), Maida Rs 930-940 (50 kg) and Sooji Rs 1,010-1,025 (50 kg).

Basmati rice (Lal Quila) Rs 10,700, Shri Lal Mahal Rs 11,300, Super Basmati Rice Rs 9,700,Basmati common new Rs 5,800-5,900, Rice Pusa (1121) Rs 4,500-5,500, Permal raw Rs 1,900-1,950, Permal wand Rs 2,075-2,125, Sela Rs 2,400-2,500 and Rice IR-8 Rs 1,725-1,745, BajraRs 1,615-1,620, Jowar yellow Rs 1,800-1,900, white Rs 3,400-3,500, Maize Rs 1,470-1,480,Barley Rs 1,435-1,440. SUN KPS SRK MR

http://timesofindia.indiatimes.com/city/delhi/Rice-basmati-strengthens-on-rising-demand/articleshow/51793109.cms


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AMAI CA: Rice price going up by 10 to 15 per cent

Noticias Relacionadas: Rice, Guyana, Nembhard, Rice, Says,

Jamaica Gleaner / Jamaicans are being warned to brace for a 10 to 15 per cent increase in the price of rice

from Guyana following a hike in the cost to import gain. Managing Director of Jamaica Rice Mills

Derrick Nembhard says in mid-March, the Guyana Rice Development Board introduced a pricing

schedule which requires Jamaican importers to pay US$400 per tonne if they are importing 1,500 tonnes

or more. However, if the Jamaican importers want less than the 1,500 tonnes they will have to pay more

than US$400 per tonne .

Nembhard says as a result of the increase in the price of rice imported from the region, the cost is being

passed on to consumers. Recently, the Jamaica Rice Milling Company signed agreements with the

Guyana Rice Development Board to import a total of 80,000 tonnes of rice from Guyana during 2016.

However, Nembhard says the Guyana Rice Development Board independently arrived at the pricing

schedule. Managing Director of Jamaica Rice Mills Derrick Nembhard JAMAICA: Rice price going up

by 10 to 15 per cent Con Información de Jamaica Gleaner

http://www.entornointeligente.com/images-noticias/2016/04/francisco-velasquez-JAMAICA--Rice-price-going-up-by-10-to-15-per-cent.jpg


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http://entornointeligente.com/articulo/8232120/JAMAICA-Rice-price-going-up-by-10-to-15-per-cent-11042016

India's monsoon rains seen above average in 2016: weather

office

NEW DELHI | BY MAYANK BHARDWAJ AND SANKALP PHARTIYAL

India's crucial monsoon rains are expected to be above average in 2016, the weather office saidon Tuesday, easing fears over farm and economic growth after two straight droughts hit ruralincomes and agricultural output.Rains in 2016 would be 106 percent of the long-term average,Laxman Singh Rathore, chief of the India Meteorological Department, told a newsconference.Rathore said the monsoon rains could be above average as El Nino - a warming ofthe eastern Pacific Ocean that can lead to dry spells in South Asia - is fading and giving way toLa Nina in which the same waters cool.

The July-to-September monsoon delivers 70 percent of India's annual rainfall. It is critical for thecountry's 263 million farmers and their rice, cane, corn, cotton and soybean crops, as nearly halfof its farmland lacks irrigation.Bumper rains can spur farm and economic growth and boost ruraldemand for gold, cars, motorcycles, refrigerators and fertilizer. Two-thirds of India's populationdepends on farming for its livelihood.Plentiful rains could also encourage the Reserve Bank ofIndia to cut interest rates after the central bank this month eased its repo rate by 25 basis pointsto its lowest in more than five years.

"If indeed we end up having a better-than-normal monsoon, and spatial distribution of monsoonand production indicators point to a normal year, then the RBI's comfort for another rate cut will

increase," said Gaurav Kapur, senior economist at Royal Bank of Scotland in Mumbai.A normalor average monsoon means rainfall between 96 percent and 104 percent of a 50-year average of89 cm during the four-month season from June, the weather office says.

Two straight years of drought in India - for only the fourth time in over a century - have sparkedanger among farmers against Prime Minister Narendra Modi.They blame his government for being slow in reaching out to them after drought ravaged their crops in 2014 and 2015, making amockery of his election promise that they would make a 50 percent profit on their cost ofcultivation.The farm vote will be critical in determining the fortunes of Modi's nationalistBharatiya Janata Party (BJP) when the big rural states of Uttar Pradesh and Punjab go to the polls in the first half of next year.(Reporting by Mayank Bhardwaj and Sankalp Phartiyal;

Editing by Rajendra Jadhav and Douglas Busvine)

At 106% rainfall, IMD predicts above-normal monsoon in2016

http://www.reuters.com/journalists/mayank-bhardwajhttp://www.reuters.com/journalists/mayank-bhardwajhttp://www.reuters.com/journalists/mayank-bhardwajhttp://www.reuters.com/journalists/sankalp-phartiyalhttp://www.reuters.com/journalists/sankalp-phartiyalhttp://www.reuters.com/journalists/sankalp-phartiyalhttp://www.reuters.com/journalists/sankalp-phartiyalhttp://www.reuters.com/journalists/mayank-bhardwaj


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Next forecast in June; eases fears over farm and and economic growth after two straight droughts

BS Reporter | New Delhi April 13, 2016 Last Updated at 00:59 IST

After two years of drought, rains may break El Nino jinxEl Niño may be neutral when monsoon hitsMet

dept predicts hotter summerHeat wave to intensify over north, central and south IndiaDrought no longer part of IMD terminology

This year's best news so far has just arrived. After two consecutive droughts, the India Meteorological

Department (IMD) on Tuesday said the monsoon this year is expected to be ―above normal.‖ It forecast

monsoon at 106 per cent of the Long Period Average (LPA). This is the first time since 1999 that

department has made an ―above normal‖ prediction.

In its first seasonal forecast for 2016, IMD said

rains, a lifeline for millions of farmers across the

country, would also be distributed fairly, a factor

which is as critical as total rainfall.In fact, director

general of IMD, L S Rathore said there could be a

possibility of excess rainfall in some parts, but its

prediction is difficult as of now. Advance

preparation is being planned to tackle such a

situation. Monsoon is considered normal if rain

during the June to September season is 96-104 per

cent of the LPA. LPA is average seasonal rainfall

over the country in the past 50 years, starting

1951, and it is estimated to be 89 centimetres. The


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forecast is with model error of five per cent.

The good news has come mainly because the dreaded El Nino weather phenomenon that caused the back-

to- back droughts of 2014 and 2015 is showing signs of waning by the time India’s southwest monsoon

gathers steam around July and August.―We expect rainfall in all four months from June to September to

be more than normal, with it gathering steam during the second half of the season,‖ Rathore told

reporters. He said there is a chance of rainfall in the northeast and parts of Tamil Nadu and Rayalaseema

being below normal, but given the quantum of rainfall in these parts is more than other areas, the impact

would not be much.

Overall, there is 94 per cent chance of 2016 southwest monsoon being above normal to excess. The

parched lands of Vidarbha and Marathwada along with others areas in western and central India might get

good rain this year, the met department said.Rathore said the latest forecast of monsoon mission coupled

with climate model indicates that El Nino conditions would weaken to moderate to weak levels during the

first half of the monsoon season, that is in the months of June and July and thereafter neutral conditions

would prevail.

The Indian Ocean Diapole (IOD) another critical factor that impacts the monsoon is also expected to turn

positive during the second half of the 2016 season. The third factor that is in favour of the monsoon is that

snow formation in the Himalayas has also been encouraging.―The climate is also hotter than usual, which

bodes well for a good southwest monsoon,‖ said D S pai, deputy director general, climatology, IMD.On

Monday, private weather forecasting agency Skymet had predicted that monsoon would be "above

normal" in 2016 at 105 per cent of LPA.

The Pune-based Indian Institute of Tropical Meteorology, in a forecast based on February data, had said

there was a 54 per cent chance of the June-September precipitation being 10 mm per day, which is above

normal. Skymet predicted the 2009 drought correctly, but its 2015 southwest monsoon forecast was off

the mark.

Agriculture and allied activities are expected to grow 1.1 per cent in 2015-16 against a contraction by 0.2

per cent in the previous year. Higher farm sector growth would push up India's economic growth,

officially pegged at 7-7.75 per cent in the current financial year against 7.6 per cent expected for 2015-

16.Agriculture Minister Radha Mohan Singh welcomed the forecast. He said, "According to IMD

forecast, definitely agriculture production will be better in 2016-17." He was speaking on the sidelines of

a national kharif conference here.

"We had deficient monsoon last two years. There was 12 per cent deficient rains in 2014-15. And the

following year, there was 14 per cent deficiency. But we were well prepared."Meanwhile, Aditi Nayar,

senior economist, ICRA, said: "The forecast comes as a relief, with two consecutive sub-par monsoons

having parched groundwater and drained reservoirs. However, concerns regarding temporal distribution

persist. If precipitation is skewed to the later half of the monsoon season, it may be somewhat counter-

productive for standing crops, unless sowing is delayed."Confederation of Indian Industry's director

general, Chandrajit Banerjee, said a good monsoon could take economic growth to eight per cent. "The

prediction would be a great mood changer for industry, as revival of rural demand leads to a turn in

investment cycle," he said


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http://www.business-standard.com/article/economy-policy/at-106-rainfall-imd-predicts-above-normal-monsoon-in-2016-116041200533_1.html

04/12/2016 Farm Bureau Market Report

Rice

High Low

Long Grain Cash Bids - - - - - -

Long Grain New Crop - - - - - -

Futures:ROUGH RICE

High Low Last ChangeMay '16 1000.0 975.0 978.5 -6.0

Jul '16 1025.0 1001.5 1005.5 -6.0

Sep '16 1031.5 1020.0 1024.0 -6.0

Nov '16 1052.0 1051.5 1039.5 -7.0

Jan '17 1057.5 -7.0

Mar '17 1080.5 -3.0

May '17 1081.5 -3.0

Rice CommentRice futures were lower across the board. It looks like futures are attempting to consolidateabove the recent spike low. Technically, the first level of support for May is the recent low of$9.42 1/2, while overhead trendline resistance is currently near $10.09. The supply/demandreport released today wasn't changed much from last month's report. World ending stocks weredecreased to 90.17 million metric tons. However, the U.S. on-farm expected price was loweredto $12.30-$12.70.

U.S. House's Cuba Working Group Hears Ag Trade BenefitsBy Peter Bachmann

WASHINGTON, DC -- Yesterday, the Cuba Working Group, a bipartisan group of U.S. House Memberssupporting efforts to end the Cuban trade and travel ban hosted a briefing for Congressional staff tohighlight opportunities for U.S. agriculture that would result from bilateral trade between the U.S. andCuba. The bipartisan Working Group has representation from all regions of the country and Members

http://click.aristotle.net/click.aspx?lid=CG0B2bQlIwhhttp://click.aristotle.net/click.aspx?lid=CG4Q6aQ-Mglhttp://click.aristotle.net/click.aspx?lid=CG4A6aU-Ihl


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with diverse backgrounds. Rice-state congressmen Rep. Rick Crawford (R-AR) and Rep. Ted Poe (R-TX)are among the ten working group members.

Panelists from the agriculture industry presented on what this important market could mean for U.S.farmers and U.S. jobs. They also explored how U.S.-Cuba trading partnerships have the potential to build

a foundation of goodwill and cooperation that will open the door to long-sought economic reforms inCuba.

Ben Mosely, USA Rice vice president of government affairs, was one of the six panelists tapped by theCuba Working Group for perspective, and said, "USA Rice is part of the broader group of coalitionsadvocating for change and we have established relationships within the Cuban government. The U.S. riceindustry stands to reap substantial gains when the embargo is eventually lifted. We're looking at possibly20-30 percent of the market share in just the first two years, with increases every year after."

Mosely expressed the need for action, saying, "The current Administration has taken steps in the rightdirection and, for the most part, exhausted all the tools available under the President's authority. We nowlook to Congress to take action to remove remaining financing barriers."In addition to Mosely, panelistsincluded: Luis Ribera, Ag Economics Department at Texas A&M University; Jamie Castaneda, NationalMilk Producers Federation; Anne Thompson, Bunge North America; Bill Westman, North AmericanMeat Institute; and Devry Boughner Vorwerk, U.S. Agriculture Coalition for Cuba.

WASDE Report Released


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WASHINGTON, DC -- U.S. 2015/16 rice supplies are lowered 500,000 cwt on lower long-grain imports.Long-grain ending stocks are lowered 500,000 cwt to 22.5 million. All rice ending stocks are now 43.4million cwt. The all rice and long-grain season-average prices are each lowered $0.30 per cwt at themidpoint to $12.30 to $12.70 and $10.80 to $11.20, respectively. Medium- and short-grain prices are alsodown with the California price lowered $0.50 per cwt at the midpoint and the Other States price lowered

$0.20 per cwt at the midpoint.

Global rice supplies for 2015/16 are lowered 500,000 tons, primarily on reduced production. Brazil andPakistan production are lowered 300,000 tons and 200,000 tons, respectively, both on updatedgovernment statistics. Global trade and domestic use projections are both lowered fractionally. Globalending stocks are lowered 300,000 tons to 90.2 million

Read the entire report here

Commodity Report-April 12Published April 12, 2016

Today’s commodity report: Weekly Rice Summary, California

Shell Eggs: Daily Egg Report, Shell Eggs: Daily National EggMarket and other commodity end of the day market numbers.Weekly Rice Summary

In California, medium grain milled rice prices steady to weak.Second heads and Brewers steady to weak. Rice by-products:Rice Bran prices steady. Rice hulls spot trade not well tested.Federal officials say farmers in Northern California can expectto receive all of their requested water deliveries this year.

CME Rough Rice settlements for Friday 8th, May 16 closed .10higher at 9.95; Jul 16 closed .105 higher at 10.22. US dollarindex on Thursday settled at 94.19.

USDA National Weekly Rice Summary (.pdf)Calif ornia Shell Eggs: Daily Egg Report

Prices are steady. Trade sentiment is steady to higher. Offerings are mostly moderate althoughheld with slightly more confidence. Retail demand is fairly good to good as operators refill froma busy feature heavy weekend. Food service sales are mostly moderate. Supplies are light tomoderate. Market activity is moderate. Monday’s shell egg inventories declined 2.7% in theSouthwest and 4.9% in the Northwest.Shell egg marketer’s benchmark price for negotiated egg sales of USDA Grade AA and Grade

AA in cartons, cents per dozen. This price does not reflect discounts or other contract terms.

RANGE

JUMBO 130

EXTRA LARGE 121

LARGE 115

MEDIUM 99

http://r20.rs6.net/tn.jsp?f=001Fu9y7AW8Kfv19evDCW6pK3PgCuSw9qaSrrtrJJ4y3auoyepzf2BUkvtVVa7PtAawemYzvmCIJzmK8q6W9EudDeIMaR1dxbrPKxjudIS0jpKbplQJj3hFTGSNO6A1_x0uWT7YyrlkSgAPDQPjHXUtmUK7nmDqnoqP-Xpi09gYzQFyA4Aco6uBr452FZkWCeO7JbOgorwz-ZSHavEGuf5pZA==&c=SoHu320D4MP0OOjm05MKyXaHImQz5KUhg0eCnBGwRutb8pVIzs35Sw==&ch=oj4Jbypq5rcTBq6im-i2ztNeHEGi9r83TkNnyGsr8YDLY_mbNsG7Lg==http://r20.rs6.net/tn.jsp?f=001Fu9y7AW8Kfv19evDCW6pK3PgCuSw9qaSrrtrJJ4y3auoyepzf2BUkvtVVa7PtAawemYzvmCIJzmK8q6W9EudDeIMaR1dxbrPKxjudIS0jpKbplQJj3hFTGSNO6A1_x0uWT7YyrlkSgAPDQPjHXUtmUK7nmDqnoqP-Xpi09gYzQFyA4Aco6uBr452FZkWCeO7JbOgorwz-ZSHavEGuf5pZA==&c=SoHu320D4MP0OOjm05MKyXaHImQz5KUhg0eCnBGwRutb8pVIzs35Sw==&ch=oj4Jbypq5rcTBq6im-i2ztNeHEGi9r83TkNnyGsr8YDLY_mbNsG7Lg==http://r20.rs6.net/tn.jsp?f=001Fu9y7AW8Kfv19evDCW6pK3PgCuSw9qaSrrtrJJ4y3auoyepzf2BUkvtVVa7PtAawemYzvmCIJzmK8q6W9EudDeIMaR1dxbrPKxjudIS0jpKbplQJj3hFTGSNO6A1_x0uWT7YyrlkSgAPDQPjHXUtmUK7nmDqnoqP-Xpi09gYzQFyA4Aco6uBr452FZkWCeO7JbOgorwz-ZSHavEGuf5pZA==&c=SoHu320D4MP0OOjm05MKyXaHImQz5KUhg0eCnBGwRutb8pVIzs35Sw==&ch=oj4Jbypq5rcTBq6im-i2ztNeHEGi9r83TkNnyGsr8YDLY_mbNsG7Lg==http://www.agnetwest.com/documents/National%20Weekly%20Rice%20Summary.pdfhttp://www.agnetwest.com/documents/National%20Weekly%20Rice%20Summary.pdfhttp://www.agnetwest.com/documents/National%20Weekly%20Rice%20Summary.pdfhttp://r20.rs6.net/tn.jsp?f=001Fu9y7AW8Kfv19evDCW6pK3PgCuSw9qaSrrtrJJ4y3auoyepzf2BUkvtVVa7PtAawemYzvmCIJzmK8q6W9EudDeIMaR1dxbrPKxjudIS0jpKbplQJj3hFTGSNO6A1_x0uWT7YyrlkSgAPDQPjHXUtmUK7nmDqnoqP-Xpi09gYzQFyA4Aco6uBr452FZkWCeO7JbOgorwz-ZSHavEGuf5pZA==&c=SoHu320D4MP0OOjm05MKyXaHImQz5KUhg0eCnBGwRutb8pVIzs35Sw==&ch=oj4Jbypq5rcTBq6im-i2ztNeHEGi9r83TkNnyGsr8YDLY_mbNsG7Lg==


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Shell Eggs: Daily National Egg Market

New York prices are unchanged. Regional and California prices are steady. The undertone issteady in the regions, while steady to higher in California. Offerings are mostly moderate toinstances heavy. Retail and food service demand is in a full range, generally moderate to fairlygood. Supplies are moderate to heavy in the Midwest and South Central regions, mostlymoderate in the Northeast, light to moderate elsewhere for current needs. The total shell egginventory is 3.8 percent lower when compared to the previous week. Market activity is slow tousually moderate. Supplies of breaking stock are moderate to at times heavy; breaking schedulesare normal to over-time. Light type fowl offerings are sufficient for the light demand.Check the April USDA Commodity Report Calendar for today’s commodity reports released by USDA.Tuesday’s Commodity Market ending market numbers:

Corn May Corn ended at $3.62 3/4 increasing 6 cents, July ended at $3.65 1/2 gaining 5 3/4 cents.

Soybeans May Soybeans ended at 9.36 1/4 up 8 cents, July ended at 9.44 3/4 increasing 8 cents.

Wheat May Wheat ended at $4.52 1/2, gaining 5 1/4 cents, July Wheat ended at $4.58 3/4 up 4 1/2cents.

Rough Rice May Rough Rice ended at 9.785 down 0.06, July ended at 10.055 decreasing 0.06.

Live Cattle April Live Cattle ended at $133.525 decreasing $0.55 and June ended at $122.85 down $0.375and August ended at $118.47April Feeder Cattle ended at $155.275 dropping $0.275 and May ended at $151.05 losing $0.975and August ended at $151.95 down $0.85.

Lean Hogs

April Lean Hogs ended at $66.625 increasing $0.275, May ended at $75.075 down $0.325Class III Milk April Class III Milk ended at $13.81 up $0.05, May ended at $13.76 increasing $0.06 and Juneended at $14.01 gaining $0.13.

#2 Cotton May #2 Cotton ending at 61.51 gaining 0.80, July ended at 60.91 up 0.67.

Sugar #11 May sugar #11 ended at 14.07 down 0.08 and July ended at 14.34 decreasing $0.05.

Orange Juice May Orange Juice ended at 135.95 losing $1.10, July ending at 136.50 down $1.15

http://agnetwest.com/2016/04/12/commodity-report-april-12/

The paradox of rice imports

There is apparently a mystery about the country's food situation, particularly in respect of the staple, rice.

The government's claim of self-sufficiency in rice, aided partly by exports in small volumes, is strongly in

conflict with growing imports.The volume of rice the country has imported in recent times presents a

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situation more paradoxical than mysterious. One obvious question that puzzles observers is that if there is

more than enough to feed the whole population, where do the huge volumes of imported rice go?

For sometime now, this question is being raised, but absence of a convincing answer gives rise toa more riddling quiz: Is Bangladesh a rice importing or exporting country or both? According to

the food ministry data, last year the country exported 50,000 tonnes of rice to Sri Lanka while

during the same period (FY) it imported 1.49 million tones from India.According to a report

published in a local daily, this year the country has already imported well over 0.2 million tonnes

from India in spite of high import duty at 20 per cent, and another 0.3 million tonnes are in the

pipeline with letters of credit (LCs) having been opened.The situation is confusing not only for

those working on food security but more for farmers across the country who are now waiting

with their fingers crossed ahead of the Boro harvest beginning in less than a month.

The government, reportedly, will procure around 1.2 million tonnes of rice by the end of nextmonth. But in a situation that does not offer a clear picture of country-wide demand, made

complex by increasing imports, it is going to be really uncertain whether farmers are going to get

fair price for their produce.There is more to the issue that further creates confusion about the

actual storage capacity of the country's food godowns. According to food ministry sources, it is

1.8 million tonnes. Rough estimate says presently there is spare capacity of barely 0.6 million

tonnes.This poses the all important question-- will the authorities be able to procure the target

volume in the absence of necessary storage facilities? All these are going to adversely affect the

price of rice in the ensuing harvesting season. One option for the authorities could be to release

large volumes of rice under the government's social security net programmes in order to increase

storage capacity.

What appears as the key barrier to removing these confusions is the absence of an assessment of

the country-wide demand for rice. Whatever figures the authorities may have calculated needs to

be revisited, because unless there is clear knowledge on consumption, all other calculations are

bound to be flawed. The cost of such flawed estimate is high.While it gives a misleading picture

of the overall food situation creating anomalies in government policies on export or import,

setting procurement targets.On the other hand, it is farmers who bear the brunt more than any

one else. Given the situation, it is for the authorities to work out corrective measures, if possible,

before it becomes too late.

http://www.thefinancialexpress-bd.com/2016/04/12/25903/The-paradox-of-rice-imports


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AIREA All India Rice Exporters Association :

Basmati rice industry may see revival from H2 of

2016-17: Icra04/12/2016 | 03:22am EDT

MUMBAI: The domestic basmati rice industry, which is witnessing excess supply and weakdemand, may revive in the next harvest season in the second half of 2016-17, a report saidhere.'The basmati rice industry faced headwinds - weak demand and oversupply in 'Anyimprovement in the situation is likely only from the next basmati paddy harvest season in thesecond half of 2016-17 due to improvement in demand,' rating agency Icra said in its reporthere.The supply of basmati paddy is expected to witness some moderation as farmers are likelyto shift away from basmati, given the non-remunerative prices in the last two crop cycles.Moreover, since Iran has removed the ban on import of rice, demand is also expected to witnesssome improvement, it said.

Rice is one of the most crucial food crops in the world and a staple diet for nearly half the global population. Over 90 per cent of the global rice output and consumption is centred in Asia,wherein the world's largest rice producers, China and India, are also the world's largest riceconsumers. India accounts for over 70 per cent of the world's basmati rice production. Basmatirice constitutes a small portion of the total rice produced in India. By volume, the share of basmati rice is around 6 per cent in 2014-15, even as by value, basmati rice exports account for57 per cent in 2014-15, of India's total rice exports. Basmati rice exports have increased at acompounded annual growth rate ( CAGR) of 27 per cent from Rs 28.24 billion in 2004-05 to Rs275.98 billion in 2014-15.The proportion of basmati rice exports in India's total exports hasincreased from around 0.6 per cent to around 1.3 per cent during the last one decade.

While basmati rice is consumed across the globe, West Asian countries account for 75 per centof Indian basmati rice exports in 2014-15.Within West Asia, Iran and Saudi Arabia are the twolargest buyers, together accounting for over 50 per cent of basmati rice exports fromIndia.However, even as Iran emerged as one of the largest importers of basmati rice in recentyears, the country imposed a ban on basmati rice imports from India in 2014-15, citing its ownhealthy rice crop and large basmati inventory.Commenting on pricing scenario, Icra said basmati paddy is also vulnerable to cyclical price fluctuations. Higher prices in the market encouragehigher basmati paddy cultivation, which increases supply in the next season.This depresses the price, thereby erasing gains and shifting farmers away from basmati paddy cultivation.During the procurement season of 2012-13 and 2013-14, there was a steep rise in paddy prices from around

Rs 18,000 per tonne (MT) in 2011-12 to around Rs 37,000 MT in 2013-14, due to strong demandin the international market.

source by - http://bit.ly/1S2sL7FAIREA - All India Rice Exporters Association issued this content on 12 April 2016 and is solely responsible for theinformation contained herein. Distributed by Public, unedited and unaltered, on 12 April 2016 07:21:39 UTChttp://www.airea.net/article-detail/340/breaking-news/Basmati-rice-industry-may-see-revival-from-H2-of-2016-17-Icra
http://www.airea.net/article-detail/340/breaking-news/Basmati-rice-industry-may-see-revival-from-H2-of-2016-17-Icrahttp://www.airea.net/article-detail/340/breaking-news/Basmati-rice-industry-may-see-revival-from-H2-of-2016-17-Icrahttp://www.airea.net/article-detail/340/breaking-news/Basmati-rice-industry-may-see-revival-from-H2-of-2016-17-Icrahttp://www.airea.net/article-detail/340/breaking-news/Basmati-rice-industry-may-see-revival-from-H2-of-2016-17-Icra

12th April ,2016 Daily Global,Regional & Local Rice -Enewsletter by Riceplus Magazine

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