16th june ,2016 daily global,regional & local rice enewsletter by riceplus magazine

Daily Global Rice E-Newsletter 2016

www.ricepluss.com www.riceplusmagazine.blogspot.com For information : Mujahid Ali [email protected] 0321 369 2874

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

Vol 7,Issue VI June 16,2016



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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 Siddiqui

Dr.Abdul Rasheed (UAF)

Islam Akhtar Khan Editorial Advisory Board

Dr.Malik Mohammad Hashim Assistant Professor, Gomal University DIK

Dr.Hasina Gul Assistant Director, Agriculture KPK

Dr.Hidayat Ullah Assistant Professor, University of Swabi

Dr.Abdul Basir Assistant Professor, University of Swabi

Zahid Mehmood PSO,NIFA Peshawar

Falak Naz Shah Head Food Science & Technology ART, Peshawar

Today Rice News Headlines...

Climate change likely to hit agriculture

Asia Rice-Prices steady in India, Thailand before Thai auction

Does India's gloomy exports scenario have a silver lining?

More border routes likely to be opened: Mehbooba

Monsoon set to extend coverage over India, says Australian met

bureau

Rice, grain prices responding to U.S., global central bank policies

GMO Golden Rice is a 'dud', despite 24 years of research and

breeding

There is no food in Nigeria, open the borders for rice importation –

Sultan begs Customs

Rice exports lower than last year

Cost of rice increasing due to smuggling: supply minister

Could Subsurface Drip-Irrigated Rice Work?

Boosting a Single Protein makes for a 50% more Productive Rice

Farmers' Rice Cooperative Names New CEO

Cuba and Rice Spotlighted During Ways and Means Trade Hearing

Nigeria will become self sufficient in rice, wheat production soon –

Bagudu

Prevailing World Prices and Loan Deficiency Payment Rates for Rice

Rice Prices

06/15/2016 Farm Bureau Market Report

News Detail...

Climate change likely to hit agriculture

AMIN AHMED

ISLAMABAD: Country‘s agriculture will be one of the major sectors, likely

to be adversely affected by climate change, and a crop simulation model-

based study shows that wheat yields will be drastically reduced in irrigated

areas as well as arid and rain-fed areas towards the end of 21st

century.Studies showed that wheat yields will be reduced by 3.4 to 12.5 per

cent in the semi-arid irrigated areas of Faisalabad and Sheikhupura; 3.8 to

14pc in arid areas of Multan and Bahawalpur, Badin and Hyderabad and up to

16pc in rain-fed areas of Chakwal.



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Similarly, in basmati rice tract, the yield is expected to be reduced by 10.4pc, 16.5pc and 17.8pc

by 2020s, 2050s and 2080s, respectively. Under a scenario, the yield is expected to decline by

11.4pc, 15.8pc and 21.5pc, respectively by 2020s, 2050s and 2080s.In general, an increase in

temperature will lead to shortening of ‗Grow Season Length‘ (GSL) for wheat and rice crops in

all the selected wheat growing districts and basmati tract of the country.

The results suggested that the aggregate impact of climate parameters like changes in

temperature and rainfall exerted an overall negative impact on cereal crop yields, given that the

management practices and use of technology remain unchanged.According to the study, negative

impact of climate change (increase in temperature) has been observed in neighbouring countries,

like India, where reduction in yield of major crops like rice, wheat and maize per one degree

Celsius in the temperature is expected to range from 4pc to 20pc (rice), 32pc to 50pc in the case

of maize, and 5 to 20pc in wheat.

The study point out that one-fourth of the country‘s land area, which is suitable for intensive

agriculture, is threatened by wind and water erosion, salinity, water-logging, flooding and loss of

organic matter.

Published in Dawn, June 15th, 2016

Asia Rice-Prices steady in India, Thailand before Thai

auction

* India's prices steady ahead of Thai tender

* Thai 5 pct broken rice steady at $418-$439/T

* Vietnam's 5 pct broken prices ease to $358-$368/T

* China is back seeking Vietnam's broken rice

By Ho Binh Minh

HANOI, June 15 Rice prices in India and Thailand stood steady this week ahead of a major

auction in Thailand, while the export quotations softened slightly in Vietnam as buyers were

absent, traders said on Wednesday.

Rice prices have eased from multi-month highs hit in May as drought brought by El Nino cut

output in Asia's top growers.

India, Thailand and Vietnam, the world's biggest exporters, shipped a combined 66 percent of

global rice trade in 2015, according to U.N. Food and Agriculture Organization data.



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India's 5 percent broken parboiled rice prices were steady at $382-$392 per tonne, free-on-board

(FOB) basis, this week as demand was softening ahead of Thailand's auction, traders

said."Demand has fallen as some buyers are trying to secure rice at lower price from the

auction," B.V. Krishna Rao, managing director at Pattabhi Agro Foods Pvt Ltd, India's leading

non-basmati rice exporter, told Reuters.Thai government aims to sell 2.24 million tonnes at a rice

auction on Wednesday.

India's domestic prices have been rising due to dwindling supplies and after the government

raised the minimum purchase price by 4 percent, Rao said.India mainly ships non-basmati rice to

African countries and premier basmati rice to the Middle East.In Thailand the 5 percent broken

rice RI-THBKN5-P1 were almost steady at $418-$439 a tonne, FOB Bangkok, against $418-

$437 last Wednesday, mainly due to low supply and thin demand, traders said.

Drought has damaged 1.82 million tonnes of rice in Thailand since October 2015, according to

agriculture ministry's data.Another trader said a possible depreciation of the Thai baht could

allow lower prices."The weakening of the baht will earn us more money, so we could afford to

lower our dollar prices," he said.Kasikornbank forecast on Wednesday the baht could drop to 37

per dollar by the year end, or 2.8 percent down from the end of 2015.

In Vietnam, export quotations weakened on thin buying demand, even though China -- the top

buyer of Vietnamese rice -- has returned after a while, seeking small quantity, traders said.The 5

percent broken rice, using winter-spring grain, widened to $370-$375 a tonne, FOB Saigon, from

$375 last week, while the same grade with summer-autumn grain dipped to $360-$365 a tonne,

from $365 last Wednesday.

"China is back this week, asking for the 100 percent broken rice in small volumes, but no deals

have been heard," a Vietnamese exporter in Ho Chi Minh City said. (Reporting by Ho Binh

Minh; Additional reporting by Patpicha Tanakasempipat in BANGKOK and Rajendra Jadhav in

MUMBAI; Editing by Gopakumar Warrier)

http://in.reuters.com/article/asia-rice-idINL4N19739M

Does India's gloomy exports scenario have a silver lining? June 15, 2016 09:44 IST

An obvious and easy explanation for India’s exports debacle is that petroleum products

constitute the single-largest category in the country’s exports basket, notes A K

Bhattacharya, Editor, Business Standard

India‘s exports performance continues to be depressing.In each of the last two years, exports

contracted -- by more than one per cent in 2014-15, the first year of the Narendra Modi

government, and by a higher margin of 15 per cent in 2015-16.The trend has not reversed yet as

the latest figures for April 2016 show that exports fell by close to seven per cent again.

http://in.reuters.com/article/asia-rice-idINL4N19739M

http://ads.rediff.com/5c/usbiz.rediff.com/biz-article.htm/2005303516/Position1/default/empty.gif/74724b6f4456646963485541436f6376



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A closer look at these disturbing numbers, however, reveals interesting trends that the

government must carefully assess so that it can draw the right lessons from them and frame

appropriate policy responses to revive exports.

Does the gloomy exports scenario have a silver lining?

An analysis of the last two years‘ exports numbers from this perspective would be instructive.

An obvious and easy explanation for India‘s exports debacle is that petroleum products

constitute the single-largest category in the country‘s exports basket.The argument, therefore, is

that with the international crude oil prices falling significantly in this period, India‘s exports

would inevitably suffer.And they did suffer with earnings from petroleum product exports falling

by 46 per cent to $30 billion in 2015-16.Petroleum products accounted for almost 18 per cent of

India‘s total exports in 2014-15 and thanks to the falling crude oil prices, their share dropped to

about 12 per cent in 2015-16.

What would be the likely scenario for petroleum product exports in 2016-17?

International crude oil prices have already risen by around 80 per cent in the last four months.



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Brent crude oil prices are hovering at around $50 a barrel, compared to $28 a barrel in January

this year.

If the trend continues and the international crude oil prices hover around $50-55 a barrel, its

impact on India‘s petroleum product exports would not be insignificant.

But the recovery may not take place on its own.It would require some careful planning to expand

the market for India‘s petroleum products.At present, over 41 per cent of India‘s total petroleum

product exports are accounted for by just six countries -- the United Arab Emirates, Singapore,

the United States, Saudi Arabia, Japan and the Netherlands.As petroleum product prices improve

in the current year, it would make sense for India‘s oil marketing companies to explore newer

markets and expand the existing ones. Domestic oil refining capacity is comfortable at present

and this can be put to good use by earning more dollars at a higher margin.The story of India‘s

drugs exports has hardly received much attention. But consider this.

In a year, when India‘s total merchandise exports fell by 15 per cent, its drugs exports went up

by about 10 per cent.And this growth came despite the many battles the Indian drugs industry

has been fighting with regulators in some developed markets including the US over the quality

and safety of its products.The significance of this increase lies in the fact that in 2014-15, drugs

exports grew by less than four per cent.

It is, therefore, time the government took note of the surge in drugs exports and explored what

steps needed to be taken to sustain this growth and make a champion exports sector out of an

industry that has huge potential, but seems to be constrained by many regulatory handicaps both

at home and abroad.The textiles sector does not have a similar story, but its resilience has not yet

been fully appreciated in the current gloomy situation.In 2014-15, textiles exports grew by 14 per

cent to about $31 billion.

But in the following year, they suffered their worst debacle with a three per cent fall.Yet, it will

be important to recall that overall merchandise exports in 2015-16 fell by 15 per cent.While the

drugs industry is a clear winner, the textiles sector has managed to limit its damages to a small

drop in exports. The government cannot sit idle and must take steps to stop the rot.There are

issues with regard to allowing flexible employment to meet seasonal surges in demand from

importers and improving the available infrastructure particularly for the readymade garments

sector.A focused approach is needed to extricate the textiles sector from its current woes.A three

per cent drop in exports can be reversed with some policy intervention and infrastructure

support.In the engineering sector, where exports have taken a big hit, motor vehicles have been

growing their annual despatches to overseas markets.



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The growth has slowed down with exports at $6.7 billion last year, but the fact is that this

segment of the engineering sector has held off the forces of deceleration in global trade and

continued to grow even though at a slower rate.

This is a sector where higher exports coupled with increasing domestic sales can improve India‘s

status as a manufacturing hub with a huge potential for jobs growth not only in factories but in

the tertiary sector.If the Modi government‘s Make In India campaign has to succeed and bear

fruit for the Indian economy, the automobile sector and its exports will hold the key to achieving

such a transformation.

Finally, there is evidence of early signs of green shoots of exports recovery.A report prepared by

the Directorate General of Foreign Trade has noted that commodities like chemicals, cotton yarn,

basmati rice, metals, dyes and paint have begun seeing a rise in volume exports.Their exports

value declined in 2015-16, but their volumes have risen by varying margins ranging from four

per cent to 47 per cent. If the commodities cycle is seeing an upturn, rising export volumes

would suggest that an exports recovery is likely soon in those goods at least.

However, due caution must be exercised so that complacency does not set in and the industry

uses the rising commodity prices as an opportunity to monetise the volume gains.

And the government should provide better infrastructure and policy support to help the exports

sector realise that goal.

http://www.business-standard.com/

More border routes likely to be opened: Mehbooba Uri-Muzzafarabad and Poonch-Rawalkot are the only two trade routes that is

allowed along the LOC. Written by Arun Sharma | Jammu | Updated: June 15, 2016 9:37 am

Mehbooba stated that she is going to recommend at least two routes to the Home Ministry. File

Photo/Agencies.

Nearly a decade after the Uri-Muzaffarabad and Poonch-Rawalakot routes were reopened for

trade and travel by people on both sides of the Line of Control in Jammu and Kashmir, a few

more routes are likely to be opened as part of additional confidence-building measures between

India and Pakistan.

―When I met the Union Home Minister the last time, he had hinted at opening some more

routes,‘‘ Chief Minister Mehbooba Mufti said Tuesday. ―I told him that the Suchetgarh route

http://indianexpress.com/profile/author/arun-sharma/

http://indianexpress.com/tag/kashmir/



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should be opened.‖ Suchetgarh is on the international border in R S Pura tehsil in Jammu, and

across the border is Sialkot district of Pakistan.―Many routes came up for discussion —

Suchetgarh, Nowshera-Jhanghar, Kargil-Skardu, Turtuk-Thapalu, among others. But he (Home

Minister Rajnath Singh) said that we can consider opening one or two roads at the moment. If I

am asked about two roads which need to be opened immediately, I will name Suchetgarh and

Kargil-Skardu,‘‘ Mehbooba said while addressing a function on the occasion of signing of an

MoU between Jammu Development Authority and the Sabarmati River Front Development

Corporation Limited, Ahmedabad, for management consultancy and technical assistance for

development of the Tawi riverfront in Jammu.

R S Pura tehsil is considered the rice bowl of India‘s fine basmati rice, and Mehbooba said ―our

basmati goes there (to Pakistan), adding that there is lot of hardware industry in on the Indian

side, while Pakistan manufactures very little, and additional border routes would mean many

items can be exported to Pakistan. The state will benefit the way Punjab has benefitted from

Wagah boder, she said.

Recalling the ―teamwork‖ between former CM Mufti Sayeed and Deputy CM Nirmal Singh for

the Tawi river beautification project, Mehbooba said Mufti always had a soft corner for the

people of Jammu and used to call them ―truly secular‘‘, as they not only accommodated lakhs of

http://indianexpress.com/profile/politician/rajnath-singh/



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Hindu and Muslim migrants from Valley but also shared their land, water and electricity with

them

Monsoon set to extend coverage over India, says Australian

met bureau Vinson Kurian

Thiruvananthapuram, June 14:

Increase in cloudiness and rainfall during the next seven days will drive the Indian monsoon

further north and spread it over much of the subcontinent, says the Australian Bureau of

Meteorology. This would be overseen by a passing Madden-Julian Oscillation (MJO) wave

across the Indian Ocean this week, the Australian Bureau said in its latest update.

The India Met Department has already indicated the possibility of the monsoon, now in a

‗switch-off‘ mode along the West Coast, reviving over the weekend.

The Madden-Julian Oscillation wave has been associated with formation of low-pressure areas,

cyclones and even the onset of the monsoons.

MJO wave influence

The last time it had crossed the Indian Ocean from West to East, the wave had triggered the

formation of cyclone Roanu which brought the monsoon along with it to the Andaman and

Nicobar Islands.

If the Madden-Julian Oscillation wave moves across the Indian Ocean and thereafter into the

Maritime Continent (Indonesia, Philippines et al), tropical activity will also be enhanced across

the North-West Pacific region in the coming fortnight.

The western North Pacific Ocean is typically the most active oceanic basin for tropical cyclones.

However, in the year so far, tropical cyclone activity has been well below average.

The coming weeks are likely to be a period when there is an increased risk of tropical cyclone

activity across this basin as well as over the Bay of Bengal.

Cyclone watch

Coincidentally, the IMD has put out a watch for a cyclonic circulation over the West-central and

adjoining North-West Bay of Bengal by Friday. The European Centre for Medium-Range



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Weather Forecasts pointed to the possibility of the system taking shape close to the Andhra

Pradesh coast.

This is expected to rev up the monsoon flows over the Bay of Bengal but the European Centre

did not see the system intensifying to any significant strength

http://www.thehindubusinessline.com/economy/agri-business/monsoon-set-to-extend-coverage-

over-india-says-australian-met-bureau/article8728814.ece

Rice, grain prices responding to U.S., global central bank

policies Tomorrow's Fed meeting could set tone for futures for remainder of 2016

Jun 14, 2016 Bobby Coats | Delta Farm Press

The markets are awaiting Federal Reserve Chairman Janet Yellen‘s comments after their Federal

Open Markets Committee (FOMC) meeting tomorrow (June 15). The question is will Fed

monetary guidance be bullish or bearish for rice, cotton, grain and other commodity markets?

I expect guidance to be more supportive allowing market fundamentals a turn at directing

commodity price strength or weakness, which near term would be neutral to bearish for

commodities having shown price strength and neutral to bullish for commodities just starting to

show price strength.

On May 25, U.S. Federal Reserve Chairman Janet Yellen indicated near term future Fed

Monetary Policy Activity would likely be increasingly hawkish with all indications of a Feds

Fund Rate increase sooner rather than later, possibly as soon as the Fed‘s June 14-15 meeting.

This, I expect, was due to building global inflationary forces, being driven by continuous

injections of stimulus from fiscal and monetary policy intervention, from the European Union,

Japan, China and others. These activities – especially since late-February – have been supportive

to bullish for rice, cotton, grains, and oil prices.

Next, the following Friday, June 3rd

, after market participants digested the news of the ―Lowest

Nonfarm Payroll in Over 5 Years,‖ few market participants now expect a U.S. Fed Fund Rate

increase on June 15. The expectation is forward guidance will be:

First, the FOMC committee remains data dependent; and

Second, do not rule out a July Fed Funds Rate increase on July 27th

.

Presently, the need for a rate increase is huge, but market psychology is lacking.



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Thus near term given dollar chart structure I see a dollar more likely sideways channel bound

and a potentially bullish environment for U.S. Treasuries.

http://deltafarmpress.com/rice/rice-grain-prices-responding-us-global-central-bank-

policies

GMO Golden Rice is a 'dud', despite 24 years of research

and breeding

Tue, 14 Jun 2016 00:00 UTC

GM golden rice falls short on promises

As the GMO industry seeks to expand its grip over the global food system, it has targeted developing

countries and the problems they face in in crop production. Drought and pest damage are two issues that

Monsanto and its cohorts see as opportunities for unleashing their patented, genetically modified (GM)

crops.

Nutrient deficiency is another problem in developing countries that GMO corporations insist should be

addressed with their products. One high-profile example is vitamin A deficiency, which especially affects

the Global South, increasing risks of infection, disease and other ailments such as blindness.

Golden Rice was supposed to be the GMO industry's great solution. In 2000, Time magazine trumpeted

Golden Rice—a genetically modified crop commercially licensed by Syngenta—as a way to save the

http://thefreethoughtproject.com/golden-rice-failing-deliver-miracles-promised-gmo-industry-non-gmo-solutions-thrive/

http://thefreethoughtproject.com/golden-rice-failing-deliver-miracles-promised-gmo-industry-non-gmo-solutions-thrive/

http://content.time.com/time/magazine/article/0,9171,997586,00.html

http://content.time.com/time/magazine/article/0,9171,997586,00.html

https://www.sott.net/image/s16/325342/full/Golden_Rice.jpg



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lives of millions of people in the Third World. The Bill and Melinda Gates Foundation, which strongly

advocates for GM crops everywhere, has long supported Golden Rice by funding the International Rice

Research Institute.

However, after 24 years of promises and propaganda campaigns against GMO critics, Golden Rice is

turning out to be a dud. It is nowhere close to field introduction and is likely to fall short of its

purported health benefits, according to a new study from Washington University in St. Louis.

Lead author Glenn Stone, a recognized expert in global agricultural trends and humanitarian issues, used

to think we should give Golden Rice a chance. But a frank analysis of the situation now leads him to a

different conclusion.

"Golden Rice was a promising idea backed by good intentions," Stone said. "In contrast to anti-GMO

activists, I argued that it deserved a chance to succeed. But if we are actually interested in the welfare of

poor children — instead of just fighting over GMOs — then we have to make unbiased assessments of

possible solutions. The simple fact is that after 24 years of research and breeding, Golden Rice is still

years away from being ready for release."

GMO researchers seek to increase the amount of beta carotene by inserting genes into existing rice

strains, which they say will increase available vitamin A in the edible grain.

But they still have not been able to produce strains that yield as well as non-GM strains. Stone points out

that Golden Rice "has not been successful in test plots of the rice breeding institutes in the Philippines,

where the leading research is being done."

Little is known about how well the beta carotene will hold up in storage between harvests, or when

cooked using traditional methods in remote rural areas. It is not even known whether the Golden Rice

beta carotene can be converted to vitamin A in badly undernourished bodies.

Despite these realities, GMO proponents push hard for Golden Rice, and have suggested that critics are

prolonging the misery of poor people with vitamin A deficiencies. Monsanto and their propaganda outlets

like the GMO Literacy Project say that activists are responsible for the inability of Golden Rice to

become a viable solution.

This too is debunked by the study.

"Golden Rice is still not ready for the market, but we find little support for the common claim that

environmental activists are responsible for stalling its introduction. GMO opponents have not been the

problem," said Stone.

Comment: Golden Rice has been called a 'Trojan horse', that will not only fail to stop malnutrition, but

will expand the very destitution, poverty, and helplessness that causes malnutrition in the first place.

Introducing this GE crop threatens biological diversity, puts corporate profits over food sovereignty, and

would result in loss of livelihoods for small-scale farmers. Proponents of Golden Rice suggest rice

https://source.wustl.edu/2016/06/genetically-modified-golden-rice-falls-short-lifesaving-promises/



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farmers replace their profitable crops with genetically modified rice that will treat only one of many

vitamin and mineral deficiencies they may or may not potentially suffer from, deficiencies that could be

easily solved through other methods.

https://www.sott.net/article/320217-GMO-Golden-Rice-is-a-dud-despite-24-years-of-research-and-

breeding

There is no food in Nigeria, open the borders for rice

importation – Sultan begs Customs By Seun Opejobi on June 14, 2016

The Sultan of Sokoto, Alhaji Sa‘ad Abubakar III, has appealed to the Nigeria Customs Service, NCS, to

consider the plight of Nigerians and open the borders to allow for the importation of food.

Speaking in his palace in Sokoto, when he played host to the Comptroller-General of the Service,

Col. Hameed Ali (retd) yesterday, the Sultan said the closure of the border has brought about

hardship as food community are scarce in the country.He said, ―The policy should be revisited

with a view to make amends and ameliorate the suffering of Nigerians.

―There is no food in the country hence the need for the borders to be reopened for rice

importation.‖Commending the effort of the Federal Government at boosting the domestic

http://dailypost.ng/author/seun-opejobi/



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production of rice, the Monarch assured that the traditional institution would continue to

sensitize the people on the need to support the policies of government at all levels

http://dailypost.ng/2016/06/14/there-is-no-food-in-nigeria-open-the-borders-for-rice-importation-sultan-

begs-customs/

Rice exports lower than last year Submitted by mthan on Wed, 06/15/2016 - 16:50

Rice sacks are unloaded at Wartan Jetty. (Photo-Aung Kyaw Htet/EMG)

Rice exports dropped in the first two months of this fiscal year due to the low demand from

China, according to the Myanmar Rice Federation.A total of 127,570 tonnes of rice were

exported between April and June 3, earning over US$84 million. This is markedly lower than

346,000 tonnes exported and $119 million earned in the same period last year.―Only between

3,000 and 5,000 tonnes of rice are shipped per month. But we have to export 20,000 tonnes of

rice to the EU market in June, so exports will rise again,‖ said Lumaw Myint Maung, the joint-

general secretary of the federation.

Myanmar rice is exported to China, Japan, India, Singapore, Italy, Indonesia, Spain, Belgium,

the Philippines, France, Malaysia and Canada.Border exports to China are most active at the

Muse gate

http://www.elevenmyanmar.com/business/rice-exports-lower-last-year



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Cost of rice increasing due to smuggling: supply minister

Wed, 15/06/2016 - 12:26

Al-Masry Al-Youm

Supply Minister Khaled Hanafy has blamed this year's rice shortage on cross-border smuggling,

with Egyptian rice merchants selling abroad in return for dollars.During a meeting of the

parliamentary economic affairs committee on Tuesday, Hanafy said, ―A huge amount of rice has

been smuggled across the borders.‖―When the government allowed exports, we [legally]

exported 240,000 tons out of [a total crop of] three million tons. The rest was smuggled across

borders in return for dollars,‖ he said.

The ministry, according to Hanafy, has been trying to control the situation by offering huge

amounts of rice in the domestic market at LE4.5 per kilo, pumping 1,500 tons into the market

daily.―Some information shows that traders have smuggled rice to Libya and Sudan at US$800

per ton,‖ he added.The rice market has been unstable since October, when the government

started exporting rice, causing a rise in local prices. The current market price for rice in Egypt

ranges between LE6.5 and LE8.Further increases are expected as consumption doubles in the

Muslim fasting month of Ramadan.

The minister also said that annual subsidies for bread and other food supplies totals LE22, with

the top priority of the system being an end to queues for bread at subsidized outlets.

http://www.egyptindependent.com/staff/al-masry-al-youm

http://www.egyptindependent.com/node/2468324



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Edited translation from Al-Masry Al-Youm

http://www.egyptindependent.com/news/cost-rice-increasing-due-smuggling-supply-minister

Could Subsurface Drip-Irrigated Rice Work? June 15, 2016 03:32 PM

―This effort could serve as a model for other farms and potentially save hundreds of thousands of acre feet

of water in California if widely adopted.‖

By Ben Potter

AgWeb.com

Social Media and Innovation Editor

http://www.agweb.com/news/bio/?AuthorId=500



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Drip irrigation is the ultimate water miser, doling out water drop by drop to

the base of plants, most commonly in orchard and vegetable crops. But

research is underway to study another crop‘s response to drip irrigation –

rice, a row crop that typically sits partially submerged in several inches of

water for part of the growing season.The project – a collaboration among

Israel‘s Ben-Gurion University, Conaway (Calif.) Ranch, Lundberg Family

Farms and Netafim USA – is the first time drip irrigation has been used on a U.S. rice crop,

according to Kyriakos Tsakopoulos, president of the Conaway Preservation Group (owners of

Conaway Ranch).

―This effort could serve as a model for other farms and potentially save hundreds of thousands of

acre feet of water in California if widely adopted,‖ he says.

The project seeks to see if subsurface drip irrigation can effectively grow rice via a series of

pipes that deliver water directly to the plants‘ root zone, according to Bryce Lundberg, vice

president of agriculture for Lundberg Family Farms.

The subsurface drip irrigation pilot project is being tested on a 100-acre plot. Project participants

all hope to see yield improvements, despite reducing overall water use. Tsakopoulos says

farmers should take responsibility and make measures to conserve water where possible.

―We need to continue to conduct research and develop methods to use the water most efficiently

for crops while also conserving critical wildlife resources,‖ he says.

Jonathan Rosenfield, a conservation biologist with San Fransico-based Bay Institute, told the

Sacramento Bee in March that flooded rice fields have undeniable benefits to waterfowl and

other area wildlife, but drip irrigation might end up being a savvy conservation move as well,

protecting several fish species native to the Sacramento River.

―If drip irrigation in this pilot project is going to reduce demand on water and be able to keep

rice farmers going and reduce impacts to critically endangered fish populations, then that sounds

like a good thing,‖ he says.California is the third-largest rice-producing state behind Arkansas

and Louisiana, with 385,000 total acres planted in 2015

http://www.agweb.com/article/could-subsurface-drip-irrigated-rice-work-naa-ben-potter/

https://www.newsdeeply.com/water/articles/2016/03/25/drip-irrigation-for-rice-has-habitat-impacts

https://www.newsdeeply.com/water/articles/2016/03/25/drip-irrigation-for-rice-has-habitat-impacts



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Boosting a Single Protein makes for a 50% more Productive

Rice Green-TechResearchUnited Kingdom

15/06/2016

Researchers from the John Innes Centre and Nanjing Agricultural University have

identified a protein that can help plants regulate their cell pH – a seemingly small

modification that can boost rice crop yields by 50%.

Rice is one of the major crops in the world, along with corn and wheat (also under the

microscope of science to increase food security).

As a crop that feeds almost 50% of the world‘s population, it is more than understandable that

scientists are interested in improving rice. Previous work in this area include the now famous

GMO initiative for ‗golden rice‘, as well as projects to make it more productive and eco-friendly.

Rice plants have problems too – here‘s a close-up for empathy (Source: Pixabay)

Now, researchers from the John Innes Centre (UK) and Nanjing Agricultural University

(China) may have found another important part of the puzzle to turbo-charge rice. Published in

the Proceedings of the National Academy of Sciences, their work shows that the overexpression

of a particular protein could boost production yield by up to 54%.For rice, one of its major

challenges is to get the right balance of nitrate or ammonium ions from the soil. These ions are

the source of nitrogen – the chemical element essential to synthesize aminoacids and then

proteins.

http://labiotech.eu/greentech/

http://labiotech.eu/greentech/

http://labiotech.eu/united-kingdom/

https://www.jic.ac.uk/

http://english.njau.edu.cn/

http://labiotech.eu/dragen-edico-tgac-wheat-genomics/

http://labiotech.eu/against-being-against-gmos-the-golden-rice-story/

http://labiotech.eu/how-can-we-increase-the-nutritional-value-of-gmo-rice-whilst-cutting-greenhouse-emissions/

http://www.pnas.org/content/early/2016/06/01/1525184113.full



19

Upsetting this balance affects the pH of plant cells – too much ammonium and plant cells

become alkaline, too much nitrate and they become acidic. Inadequate pH means the plants have

a harder time getting nutrients and growing.

Fig. 1: An overview of the nitrogen metabolism of plants, including uptake of nitrate and

ammonium, and their incorporation in aminoacids glutamate (Glu) and glutamine (Gln).

The research team studied a gene involved in the transport of nitrate in plant cells, OsNRT2.3.

This gene makes two slightly different versions of the protein (OsNRT2.3a and OsNRT2.3b).

In a part of the rice, the cellular production of the OsNRT2.3b version was boosted by inserting

copies of a gene directly coding for this protein (with cDNA, a sort of reverse template for any

protein) in the cell plant. These plants turned out to be much better at controlling the pH in their

cells, by switching nitrate transport on or off.

With this new pH switch, the plants are able to take up much more nitrogen, iron and

phosphorus – so they grow faster.

http://www.uniprot.org/uniprot/Q94JG1

http://humangenes.org/cdna-complementary-dna



20

Fig. 2: Rice plants O1 to O8 overexpresses OsNRT 2.3b protein (as seen with ‗bolder‘ bands in

the Western blot results, a method that identifies proteins) and grows faster than the normal, wild

type rice (WT).

The study was funded by the BBSRC (also backed projects like the epigenomics of wheat and

oil-producing yeast) and the Chinese Government (which is also eyeing one of the few players in

agrochemicals through state-owned ChemChina).

The resulting new technology has been patented by PBL, a technology transfer company with

the John Innes Centre, and 3 companies are already working in 6 different crops

overexpressing OsNRT2.3b.

Such a yield increase in such a staple food is pretty crazy. While it still has to be brought to

the fields, the speedy transition to the industry should speak for the excitement around this

new crop technology.

Feature Image Credit: Pixabay

Figure 1 Credit: Luo et al. (2013) Nitrogen metabolism of two contrasting poplar species during

acclimation to limiting nitrogen availability. Journal of Experimental Botany (doi: 10.1093/jxb/ert234)

Figure 2 Credit: Fan et al. (2016) Overexpression of a pH-sensitive nitrate transporter in rice increases

crop yields. PNAS (doi: 10.1073/pnas.1525184113)

http://labiotech.eu/boosting-a-single-protein-makes-for-a-50-more-productive-rice/

Farmers' Rice Cooperative Names New CEO

Excerpt from press release

SACRAMENTO, CA -- Farmers' Rice Cooperative (FRC) announced yesterday that Rick Rhody

has been named as the new chief executive officer. Rhody will replace Kirk Messick, who has

been serving as the interim CEO.

http://labiotech.eu/bbsrc-a-profile-a-uk-biosciences-research-council/

http://labiotech.eu/new-uk-grant-meiogenix_cambridge-to-get-better-wheat-with-epigenetics/

http://labiotech.eu/biotech-to-save-orangutans-yeast-alternative-to-palm-oil-could-stop-deforestation/

http://labiotech.eu/chemichina-buy-swiss-syngenta-from-right-under-monsantos-nose/

http://labiotech.eu/chemichina-buy-swiss-syngenta-from-right-under-monsantos-nose/

http://www.pbltechnology.com/

http://dx.doi.org/10.1093/jxb/ert234

http://www.pnas.org/content/early/2016/06/01/1525184113.full



21

"We are pleased with how Kirk led FRC during this time of transition and know that his 28 years

of FRC experience will set up the new CEO for success," FRC Board Chairman Herb Holzapfel

said. "The rice industry faces a lot of challenges right now. We know that for FRC growers to

be successful we need the right leadership at the top. We are confident that Rick brings that

leadership to FRC."

Prior to joining Farmers' Rice Cooperative, Rhody had the opportunity to help build Sun Valley

Rice from the ground up where he served in almost every position from field staff to CFO. He is

a Sacramento Valley native and currently resides in Yuba City. A Chico State graduate he also

holds an MBA from Saint Mary's College and is a recent graduate of the prestigious California

Agricultural Leadership Program. Rhody has a lifetime connection to the rice industry beyond

Sun Valley Rice, from his youth in Rio Oso to summer college jobs working on a rice farm and

hay ranches just outside of Chico.

Cuba and Rice Spotlighted During Ways and Means Trade

Hearing

By Peter Bachmann

WASHINGTON, DC -- Yesterday, the House Ways

and Means Subcommittee on Trade held an

agriculture-focused hearing on expansion and

eliminating barriers for U.S. agricultural exports.While

the hearing focused on the broader picture of

agricultural exports, especially opportunities through

the Trans Pacific Partnership agreement, rice and Cuba

both factored into the dialogue of witnesses and

Subcommittee Members.A champion for U.S. rice,

Louisiana Republican Charles Boustany remarked

during the hearing, "Louisiana stands to benefit

tremendously by normalizing agricultural trade with

Cuba. Our rice industry has been the backbone of

Louisiana's economy, even as other sectors have

struggled. But we can't have continued growth in this

industry without opening new markets like Cuba. I'll

continue fighting to open up agricultural exports so our

producers can benefit."USA Rice President & CEO Betsy Ward said, "The entire U.S. rice

industry, both in Louisiana and around the country, is grateful for Congressman Boustany's

tireless leadership on these issues. Whether it is helping us gain access to Cuba, or looking out

mailto:[email protected]



22

for the interests of U.S. rice farmers who are increasingly at an unfair trade disadvantage because

of bad actors around the world, Congressman Boustany stands as a great advocate for our family

farmers and our industry."

Several other Members and witnesses shared their support for normalizing trade with Cuba and

seconded the rice industry's leadership role in working to reopen the Cuban market.

Nigeria will become self sufficient in rice, wheat production soon –

Bagudu

Abubakar Atiku Bagudu

The governor of Kebbi State, Atiku Bagudu, has disclosed that Nigeria will become self

sufficient in rice and wheat production very soon.

Speaking to State House Correspondents after the inauguration of the Presidential Committee on

Rice and Wheat Production by the acting president, Yemi Osinbajo, recently, Bagudu, who is the

chairman of the committee, said that he is optimistic that the committee will achieve its target

within the shortest possible time.According to him, the task force will help in identifying all that

https://www.today.ng/news/national/137404/nigeria-sufficient-rice-wheat-production-bagudu




23

the country needs in order to become self sufficient in rice and wheat and step up current efforts

to produce those commodities in Nigeria.

He pointed out that the disconnect between farmers and millers needs to be addressed, adding

that the two bodies in the value chain need to be mobilised for maximum results. ―His

Excellency, the Vice President, invited few state governors – governors of Kano, Kebbi and

Ebonyi– the minister of state for agriculture, the president of Wheat Farmers Association, and

president of the Rice Farmers Association, and inaugurated a Presidential Committee/Task Force

on Rice and Wheat. This committee will help in identifying all that we need to do in order to

make Nigeria self sufficient in rice and wheat and step up current efforts to produce those

commodities in Nigeria.

―That‘s part of the assignment, but we are optimistic that given the current efforts in place across

the country, industry of our farmers and increasing interest in investing in agriculture by many

well meaning Nigerians we should be able to achieve the target within a short time that will lead

to our national aspirations. There has been significant achievements in that respect as seen in this

last season when the governor of Kano and myself supported our farmers to produce more wheat

and wheat farmers have signed an agreement with the flower millers by which the flower millers

agreed to obtain all that the wheat farmers are able to provide.

―We are seeing increasing interest in rice and many millers are now willing to work with

farmers‘ groups,‖ Bagudu said


Prevailing World Prices and Loan Deficiency Payment Rates

for Rice

Mark Simone

(202) 720-5653

[email protected]

WASHINGTON, May 4, 2016-The Department of Agriculture's Commodity Credit Corporation

today announced the following prevailing world market prices of milled and rough rice, adjusted

for U.S. milling yields and location, and the resulting marketing loan gain (MLG) and loan

deficiency payment (LDP) rates applicable to the 2015 crop, which will become effective today

at 7:00 a.m., Eastern Time (ET). Rough rice prices are unchanged from the previous

announcement.

To access the complete News Release, click here.

http://www.fsa.usda.gov/programs-and-services/economic-and-policy-analysis/food-grains-analysis/rice-

reports/2016/prmay042016


mailto:[email protected]

http://www.fsa.usda.gov/Assets/USDA-FSA-Public/usdafiles/EPAS/reports/rice/2016/prmay042016.pdf



24

Rice Prices

as on : 15-06-2016 08:10:19 PM

Arrivals in tonnes;prices in Rs/quintal in domestic market.

Arrivals Price

Current

%

change

Season

cumulative Modal

Prev.

Modal

Prev.Yr

%change

Rice

Gadarpur(Utr) 1032.00 102.35 113544.00 3025 2250 89.06

Devariya(UP) 80.00 -15.79 1485.00 2120 2110 4.95

Junagarh(Ori) 74.20 -19.13 1707.24 2100 2100 -4.55

Saharanpur(UP) 70.00 -1.41 5544.00 2340 2280 8.84

Kalahandi(Dharamagarh)(Ori) 62.10 10.54 1143.08 2100 2100 -4.55

Ghaziabad(UP) 50.00 NC 3105.00 2350 2350 9.30

Gazipur(UP) 47.00 4.44 2046.00 2030 2030 1.00

Bazpur(Utr) 44.50 -82.75 44188.56 2150 1869 16.22

Jaunpur(UP) 35.00 -30 1585.00 2020 2015 0.25

Diamond Harbour(South 24-pgs)(WB) 20.00 NC 1023.50 2200 2200 2.33

Kaliaganj(WB) 12.00 -25 747.00 2250 2150 -6.25

Champadanga(WB) 11.00 83.33 960.00 2550 2550 NC

Alappuzha(Ker) 10.00 NC 90.00 3975 3900 6.00

Raiganj(WB) 10.00 -9.09 883.50 2200 2200 -12.00

Chengannur(Ker) 7.00 7.69 599.50 2300 2300 -8.00

Fatehpur(UP) 6.50 8.33 296.70 2190 2180 0.46



25

Dibrugarh(ASM) 5.60 -30.86 1237.30 2450 2450 -

Khairagarh(UP) 5.00 -44.44 415.00 2180 2150 8.46

Mirzapur(UP) 4.00 -11.11 1344.10 1975 1970 -0.50

Darjeeling(WB) 2.70 -22.86 86.10 2800 2800 3.70

Sardhana(UP) 1.00 -16.67 85.30 2315 2290 9.20

Kasipur(WB) 1.00 -9.09 37.70 2200 2200 10.00

Rice Prices as on : 16-06-2016 01:47:46 PM

Arrivals in tonnes;prices in Rs/quintal in domestic market.

Arrivals Price

Current

%

change

Season

cumulative Modal

Prev.

Modal

Prev.Yr

%change

Rice

Bangalore(Kar) 2340.00 11.16 126799.00 4150 4100 NC

Bhivandi(Mah) 1900.00 -40.25 6819.00 2050 2100 20.59

Gadarpur(Utr) 1062.00 2.91 114606.00 2310 3025 44.38

Pilibhit(UP) 350.00 - 350.00 2200 - -

Bangarpet(Kar) 305.00 -15.75 8160.00 1850 1850 1.09

English Bazar(WB) 210.00 NC 3245.00 2000 2000 -

Birbhum(WB) 166.00 -2.06 2983.00 2180 2170 15.96

Siliguri(WB) 155.00 -6.06 6032.00 2600 2600 -

Sitapur(UP) 148.00 -18.68 7684.00 2200 2190 5.77



26

Shahjahanpur(UP) 123.50 1135 40865.70 2240 2250 11.44

Basti(UP) 120.00 5.73 5083.00 1990 1980 3.92

Kalipur(WB) 92.00 8.24 6333.00 2300 2300 17.95

Rampurhat(WB) 90.00 NC 1089.00 2120 2120 -

Aligarh(UP) 85.00 NC 3790.00 2250 2260 20.00

Sealdah Koley Market(WB) 75.00 2.74 701.40 3150 3100 31.25

Thodupuzha(Ker) 70.00 NC 3010.00 2700 2650 -6.90

Jangipur(WB) 63.00 0.8 692.50 2165 2145 -6.88

Ghaziabad(UP) 60.00 20 3165.00 2350 2350 9.30

Rampur(UP) 56.00 12 726.50 2300 2290 10.05

Pandua(WB) 52.00 NC 2358.00 2700 2700 3.85

Samsi(WB) 50.00 NC 16160.00 3000 3000 -

Gazipur(UP) 49.00 4.26 2095.00 2030 2030 1.00

Achalda(UP) 35.00 -88.33 3907.50 2245 2250 -0.22

Dadri(UP) 32.00 NC 2143.00 2315 2300 -0.22

Coochbehar(WB) 32.00 -58.97 1727.00 2150 2150 4.88

Cachar(ASM) 30.00 -25 2150.00 2500 2500 -7.41

Mekhliganj(WB) 23.00 -4.17 780.00 2150 2100 16.22

Lohardaga(Jha) 22.00 37.5 1064.00 1650 1780 -17.50

Karimganj(ASM) 20.00 NC 1720.00 2150 2150 -6.52

Dhekiajuli(ASM) 20.00 -13.04 1068.60 2000 2000 5.82

Kolaghat(WB) 18.00 NC 667.00 2300 2300 4.55

Tamluk (Medinipur E)(WB) 18.00 NC 704.00 2300 2300 9.52



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Kaliaganj(WB) 15.00 25 762.00 2250 2250 -6.25

Champadanga(WB) 14.00 27.27 974.00 2550 2550 NC

Falakata(WB) 13.50 -3.57 370.30 2040 2020 -0.49

Divai(UP) 13.00 -7.14 279.50 2060 2060 47.14

Kolhapur(Laxmipuri)(Mah) 12.00 -20 1907.00 3750 3750 -

Firozabad(UP) 11.00 -21.43 665.00 2180 2200 7.39

Raiganj(WB) 10.00 NC 893.50 2200 2200 -12.00

North Lakhimpur(ASM) 8.80 -4.35 1512.70 1900 1900 -

Dibrugarh(ASM) 7.00 25 1244.30 2450 2450 -

Bobbili(AP) 6.20 - 6.20 4250 - -

Karanjia(Ori) 5.50 -8.33 288.80 2600 2600 4.00

Buland Shahr(UP) 5.00 25 435.50 2065 2065 1.47

Islampur(WB) 4.00 33.33 296.90 2350 2350 11.90

Rajam(AP) 3.00 - 3.00 2900 - -

Alibagh(Mah) 3.00 NC 126.00 4000 4000 23.08

Murud(Mah) 3.00 NC 198.00 3000 3000 87.50

Siyana(UP) 2.50 -16.67 95.50 2065 2065 1.23

Moreh(Man) 1.30 -7.14 2.70 3200 2900 -

Thoubal(Man) 1.30 30 80.10 2900 2900 3.57

Shillong(Meh) 1.20 50 56.60 3500 3500 NC

Mangaon(Mah) 1.00 NC 35.00 2800 2800 12.00

Jambusar(Guj) 0.90 -97.18 1070.95 3500 3400

http://www.thehindubusinessline.com/economy/agri-business/article8736733.ece



28

06/15/2016 Farm Bureau Market Report

Arkansas Farm Bureau

Soybeans

High Low

Cash Bids 1184 1109

New Crop 1169 1119

Riceland Foods

Cash Bids Stuttgart: - - - Pendleton: - - -

New Crop Stuttgart: - - - Pendleton: - - -

Futures: SOYBEANS

High Low Last Change

Jul '16 1178.00 1154.50 1156.00 -13.50

Aug '16 1173.25 1153.00 1155.00 -11.00

Sep '16 1163.50 1143.75 1145.00 -10.75

Nov '16 1156.75 1136.25 1138.50 -10.75

Jan '17 1152.75 1133.75 1135.75 -10.25

Mar '17 1110.00 1096.25 1097.50 -7.50



29

May '17 1091.50 1079.25 1087.25 -2.50

Jul '17 1090.50 1077.00 1085.00 -2.00

Aug '17 1069.00 1066.50 1066.25 -2.00

Soybean Comment

Soybeans continued thier losses today despite continue strength in domestic crush. Today's crush

estimate again beat trade expectations but this was not enough to see prices move higher as product

market weakened. While the market remains concerned about additional acres being added the

current forecast for hot dry weather should limit losses and help support prices longer term.

Wheat

High Low

Cash Bids 490 455

New Crop 490 460

Futures: WHEAT


Jul '16 489.75 477.00 477.50 -7.50

Sep '16 503.25 489.00 489.50 -8.25

Dec '16 524.50 509.75 510.25 -8.00

http://click.aristotle.net/click.aspx?lid=CG4AE4MSIfl

http://click.aristotle.net/click.aspx?lid=CG4QE4ISMel

http://click.aristotle.net/click.aspx?lid=CG0BA5IDIuh



30

Mar '17 543.75 529.75 530.25 -7.75

May '17 555.00 542.75 542.50 -7.25

Jul '17 563.75 551.25 552.00 -6.50

Sep '17 566.00 566.00 559.25 -6.00

Dec '17 581.00 574.00 570.25 -6.25

Mar '18 590.50 588.50 581.00 -6.00

Wheat Comment

Wheat closed lower for the fifth straight day. Wheat prices continue to face weak fundamentals and

with weaker grain markets, wheat is back within a dime of recent lows. While the dollar weakened

some today, the outlook for wheat exports remains bleak.

Grain Sorghum

High Low

Cash Bids 406 402

New Crop 391 358

Corn

High Low

Cash Bids 446 417

New Crop 446 435

Cotton Comment



31

Cotton futures were lower again today but traded in a narrow range within Tuesday's range.

December futures have failed at last week‘s spike high of 66.45 cents and could now work lower.

Uptrending support is near 62.30 cents currently. In last week‘s report, USDA forecast weaker

cotton mill use in the U.S. The USDA continues to forecast U.S. Cotton stocks at more than 4

million bales this year and next. Global demand remains sluggish despite a 1.7 million bale decline

in global stocks primarily caused by a 2 million bale decrease in China cotton stocks, which were

the result of lower production forecasts, not increased demand.

Rice

High Low

Long Grain Cash Bids - - - - - -

Long Grain New Crop - - - - - -

Futures: ROUGH RICE


Jul '16 1163.0 1127.5 1161.5 +32.0

Sep '16 1190.0 1155.0 1189.0 +32.0

Nov '16 1212.5 1192.5 1213.0 +31.5

Jan '17

1235.0 +33.0

Mar '17

1253.5 +33.5

May '17

1268.0 +32.5

Jul '17

1281.0 +32.5

Rice Comment



32

Rice futures recovered from recent losses to close at their highest level since charting a bearish key

reversal on June 8. July will have resistance at that high of $11.87 1/2, and has support near $10.75.

The USDA supply/demand report did show an increase in short and medium grain rice exports, but

also forecast an increase in long grain rice imports. With forecast for another big crop in 2016/17,

rice needs to see additional demand develop as we approach the fall. The USDA is forecasting sharp

increases next year over the current year, however, export sales are still lackluster.

Cattle

Futures:

Live Cattle: LIVE CATTLE


Jun '16 119.000 117.000 117.275 -1.775

Aug '16 114.900 113.125 113.575 -1.425

Oct '16 114.775 113.050 113.525 -1.325

Dec '16 115.700 114.125 114.425 -1.250

Feb '17 115.450 113.950 114.450 -1.050

Apr '17 114.825 113.300 113.875 -1.000

Jun '17 108.000 106.925 107.550 -0.675

Aug '17 106.350 105.550 105.550 -0.850

Feeders: FEEDER CATTLE


Aug '16 142.200 140.000 140.250 -1.900

Sep '16 140.975 139.075 139.425 -1.500



33

Oct '16 139.450 137.850 138.125 -1.325

Nov '16 136.250 134.525 134.975 -1.400

Jan '17 131.000 129.975 130.025 -1.425

Mar '17 128.550 127.325 127.325 -1.475

Apr '17 127.325 127.275 127.275 -0.800

May '17

127.825 -3.175

Cattle Comment

Cattle prices gave back all of yesterday's gains and then some today as prices remain volatile. Cattle

prices are now within just a couple of dollars of recent lows and are in need of some bullish

fundamentals to help pull prices higher.

Hogs

Futures: LEAN HOGS


Jul '16 88.825 86.775 86.825 -1.250

Aug '16 90.425 88.725 88.800 -0.525

Oct '16 74.800 73.875 74.150 +0.350

Dec '16 67.250 65.650 66.875 +1.250

Feb '17 69.900 68.525 69.675 +1.150

Apr '17 72.350 71.425 72.075 +0.575

May '17 75.550 75.525 76.025 -0.075

Jun '17 79.650 78.975 79.650 +0.375

Jul '17 79.250 78.600 79.000 +0.100

16th june ,2016 daily global,regional & local rice enewsletter by riceplus magazine

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