4th march,2015 daily global rice e newsletter by riceplus magazine

Daily Global Rice E-Newsletter by Riceplus Magazine

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Port gives rice exporters a cut in storage costs

Wed, 4 March 2015

Charles Rollet

In a bid to ramp up rice exports to 1 million tonnes in 2015, the Phnom Penh Autonomous Port

announced yesterday that rice stored in its warehouses would not be charge any fees for up to 18

days.The move comes after 2014‘s rice exports stacked up to 387,061 tonnes, according to the

Daily Global Rice E-Newsletter

March 04 , 2015 V o l u m e 5, Issue I

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Agriculture Ministry, with Prime Minister Hun Sen admitting in December that the million-tonne

goal was unlikely.Song Saran, chief executive of Amru rice, said the port‘s move was a ―good

sign‖ for rice exporters.

―I think it will help push our exports, especially to China,‖ he said, adding that storing rice at the

port currently costs about $1 to $2 per tonne for every two weeks.However, Saran said he

believed the 1 million tonne goal was still improbable due to high logistical and storage costs

outside Cambodia. ―It‘s one of the factors we cannot reach.‖

APEDA News

Market Watch

Commodity-wise, Market-wise Daily Price on 03-03-2015

Domestic Prices Unit Price : Rs/Qtl

Product Market Center Variety Min Price Max Price

Rice

1 Cachar (Assam) Fine 3000 3600

2 Chala (Kerala) Other 2600 2625

3 Deogarh (Orissa) Other 2000 3000

Wheat

1 Amreli (Gujarat) Other 1425 1650

2 Gumla (Jharkhand) Other 2200 2700

3 Aklera(Rajasthan) Other 1310 1430

Apple

1 Aroor (Kerala) Other 5800 6000

2 Karanjia(Orissa) Other 4000 4500

3 Haldwani(Uttrakhand) Other 2800 5000

Brinjal

1 Aroor (Kerala) Other 2200 2400

2 Banki (Orissa) Other 1200 1500

3 Ateli(Haryana) Other 1050 1150

Source: agmarknet for more products

Egg Rs per 100 No.

Price on 03-03-2015

Product Market Center Price

1 Pune 285

2 Nagapur 267

3 Namakkal 255

Source: e2necc.com

International Benchmark Price

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Price on: 03-03-2015

Product Benchmark Indicators Name Price

Apricots

1 Turkish No. 2 whole pitted, CIF UK (USD/t) 6125

2 Turkish No. 4 whole pitted, CIF UK (USD/t) 4875

3 Turkish size 8, CIF UK (USD/t) 3625

Currants

1 Greek provincial, CIF UK (USD/t) 1552

2 Greek Vostizza, CIF UK (USD/t) 1666

Corn/Maize

1 DCE Corn Futures (USD/t) 363

2 NYSE Liffe Corn Futures (USD/t) 166

3 ITOCOM Corn Futures (USD/t) 199

Source:agra-net for more products

Other International Prices Unit Price : US$ / package

Price on 03-03-2015

Product Market Center Origin Variety Low High

Onions Dry Package: 50 lb sacks

1 Atlanta Mexico Yellow 14 14.50

2 Baltimore New York Yellow 13 13

3 Chicago Nevada Yellow 9 10.50

Cucumbers Package: cartons film wrapped

1 Atlanta Mexico Long Seedless 12 12.50

2 Baltimore Canada Long Seedless 10 11

3 Miami Honduras Long Seedless 8 10

Grapes Package: 18 lb containers bagged

1 Atlanta Peru Red Globe 28 30.50

2 Baltimore

Traders To Blame For Spike in Rice Prices, Says Official

By I MADE SENTANA and DEDEN SUDRAJAT

A farmer pulls an old fishing net over a rice field to protect it from birds in Cilacap, Central Java,

on March 2.Darren Whiteside/Reuters

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JAKARTA, Indonesia—Markups by traders not a supply

shortage were the primary cause of a recent spike in rice prices in

Indonesia, a government official has said, downplaying the

widespread effect of the increase. Sasmito Hadi Wibowo, a

deputy at Indonesia‘s national statistics agency, said farmers

across the country sold their crops to middlemen as the harvest

season began in February for 2.1% less on average than in

January, at 4,922 rupiah ($0.38 cents) per kilogram.

The middlemen then sold the rice on to mills at 0.33% higher than in January, he added. The

mills raised their prices by 1% before selling the unhusked rice on to wholesalers, who charged

retailers 3% more per kilogram of rice than they had in January.The costs of moving through all

those hands was passed onto consumers, said Mr. Wibowo. In total, some consumers ended up

paying as much as 7% more for rice than in January, he said.Mr. Wibowo refuted media reports

that the price of rice rose 30% across the country, saying that such a spike happened only at a

few market places and it only affected the price of certain types of rice.

―The highest increase was recorded in Jakarta,

where the average increase was 7%,‖ said Mr.

Wibowo. The price spike raised alarm among

consumers in a country of 250 million people where

rice is considered a staple crop. As a local saying

goes, if you haven‘t eaten rice, you haven‘t had a

meal.This handout photo, taken and released on Feb.

25 by the presidential palace, shows Indonesian

President Joko Widodo (2nd R) speaking to State

Enterprise Minister Rini Soemarno (3rd R) and other officials during a visit to the Bureau of

Logistics (Bulog) warehouse.

President Joko Widodo has made achieving self-sufficiency in rice and several other key staples

one of the priorities of his administration. Following the increase last month, he ordered the

national logistics agency, known as Bulog, to release its 1.4 million ton of rice stocks to calm

prices.

Mr. Wibowo praised the government‘s decision not to import rice in response to the rice

inflation, since it was not due to a supply shortage, he said. Importation would only hurt the

farmers, he added.In recent years domestic rice production has increased – growing from 31

million tons to 41 million tons between 2004 and 2014. But Indonesians are among the largest

consumers of rice in the world, eating an average of 130 kilograms of rice per person per year.In

order to meet demand from a growing population, the government has had to make up a supply

shortfall with imports almost every year since the early 1960s.

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http://blogs.wsj.com/indonesiarealtime/2015/03/03/traders-to-blame-for-spike-in-rice-prices-

says-

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CME Group/Closing Rough Rice Futures

CME Group (Prelim): Closing Rough Rice Futures for March 3

Month Price Net Change

March 2015 $10.360 - $0.175

May 2015 $10.625 - $0.170

July 2015 $10.875 - $0.170

September 2015 $11.035 - $0.105

November 2015 $11.245 - $0.060

January 2016 $11.380 - $0.055

March 2016 $11.380 - $0.055

Gov't to hold 'Thai rice: Thainess' fair

BY LARRY BANKS ON 2015-03-04THAILAND

Gov’t to hold ‘Thai rice: Thainess’ fair tomorrow

BANGKOK, 4 March 2015 (NNT) – Thai government will begin the ‘Thai rice: Thainess’

rice fair tomorrow in accordance with the Prime Minister’s policy to promote good quality

rice from Thai farmers, to increase product value and to support the farmers.Officials are

now working to prepare the area along the Phadung Krung Kasem canal in Bangkok, which is

the designated location that will host the ‗Thai rice: Thainess‘ fair, starting tomorrow

onwards.Food vendor booths, central stage, rice sprouts display, the exhibition on the Royal

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Family‘s contribution on rice development in Thailand, and the exhibition on rice technology are

the highlights at the event.

Activities in this event will include cultural performances, demonstrations of rice-related

traditions and farmers‘ livelihood from the four regions of Thailand, as well as a workshop on

cooking rice. Cheap rice retailing will also be available at the fair.The event was initiated by the

Prime Minister Prayut Chan-o-cha to serve as a platform for good quality rice farmers from

communities to be able to promote their products in Bangkok. This fair will be a good

opportunity to create a direct connection between farmers and consumers, as well as increasing

the rice value which will help encourage farmers income and livelihood.

– NNT 2015-03-04

http://news.thaivisa.com/thailand/govt-to-hold-thai-rice-thainess-fair/35092/

36,000 rice farmers in central Thailand are taking

alternative employments due to drought

BY LARRY BANKS ON 2015-03-04THAILAND

MOAC: 36,000 rice farmers in central region are taking alternative employments due to drought

BANGKOK, 4 Mar 2015 (NNT) – According to the Ministry of Agriculture and

Cooperatives, about 36-thousand rice farmers in the central region are taking substitution

jobs offered by the government to compensate revenue loss as they are unable to do off-

season farming due to widespread drought. Permanent Secretary of the Ministry Chawalit

Chukajon said that these farmers are residing in 26 provinces along the Chao Phraya and Mae

Klong Rivers which have been denied from irrigation water due to the severe drought.He also

claimed that state projects that are hiring farmers affected by the harsh weather condition are

now 50% completed.

Mr. Chawalit expected the projects to be concluded by the end of this month. These projects

involve canal dredging and water source development.As for the project to give a fund of 1

million baht to each of the 3,051 drought affected villages in 58 provinces, Mr. Chawalit

estimated that the funding would start to be poured into each Tambon in the second week of this

month.Meanwhile, Minister of Agriculture and Cooperatives Petipong Pheungbun Na Ayutthaya,

said royal rainmaking will soon be conducted in the North to help control smog and wildfires in

the region.

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The air contamination level in the area has already exceeded the standard mark by 120

microgram per cubic meter as measured on February 28th. Mr. Petipong claimed the majority of

the smog came from Myanmar.

Thailand Ready To Help Namibia In Rice Production

WINDHOEK, March 4 (BERNAMA-NNN-NAMPA) -- Rice exporters from Thailand have

stated their readiness to assist Namibia in identifying the right technology in the production of

rice."We are one of the biggest exporters of rice and we would like to help Namibia plant and

produce its own rice. If need be, we can also export rice to Namibia," the kingdom's ambassador

to Namibia, Voradet Viravakin, told Nampa.

Speaking after an audience with President Hifikepunye Pohamba at State House here Monday, at

the head of Thai business delegation, most of them rice exporters, he said Thailand had all the

technologies and expertise needed in planting and growing rice."We have helped Ghana to grow

its own rice and today that country is producing rice even for export," he said.Pohamba urged

Namibian and Thai businesses to co-operate in the field of trade."We want Thailand to teach us

how to grow rice. Namibians know how to eat rice but do not know how to produce rice,"

quipped Pohamba.

He said the land was available, but there was no expertise. Namibia is already producing rice at

the Kalimbeza project in the Zambezi Region, where three varieties of rice -- Supa, Irga and

Angola -- are being grown.The project covers a total area of 222 hectares, of which some

hectares are still under production. It was declared a national project by Pohamba in 2009,

indicating its potential to boost food security and assist with poverty reduction.

-- BERNAMA-NNN-NAMPA

Rice imports rise to four-year high Sohel Parvez

Rice imports hit a four-year high as traders find foreign produce, mainly from India,

cheaper.Private traders imported 8.73 lakh tonnes of rice between July 1 and March 2, the

highest since fiscal 2010-11, according to food ministry data. The government did not import any

rice in the same period.―It is because of the price difference between the Indian and Bangladeshi

rice. Indian produce is cheaper than ours," said Chitta Majumder, owner of Majumder Traders

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that has imported more than 80,000 tonnes

since July.Traders and millers said imports

soared in the current fiscal year due to a

zero-duty facility for rice import and higher

production of medium quality rice in India.

Majumder said a medium-quality rice variety

named Swarna, which is also grown locally,

is being imported in bulk due to low prices in India.His import cost for one kilogram of Swarna

stood between Tk 24.5 and Tk 25.20 yesterday -- lower than the wholesale price of local Swarna

at Tk 27, Majumder said.He, however, said increased imports have put millers in a tight spot as

the demand for locally grown coarse and medium quality rice has come down."Due to the slack

demand for local Swarna, I am making profits from imports, but at the same time, incurring

losses for my milled rice," he said.All the imports made so far this fiscal year were by the private

sector.

However, imports soared though the latest harvests of aman, aus and boro rice were

good.Bangladesh produced 3.44 crore tonnes of rice in fiscal 2013-14, up from 3.38 crore tonnes

a year ago, according to Bangladesh Bureau of Statistics.Production is higher than the domestic

food grain requirement of nearly three crore tonnes, according to an estimate by Bangladesh

Institute of Development Studies.Banking on the increased output, the government also shipped

25,000 tonnes of rice to Sri Lanka early this fiscal year.

Leaders of Bangladesh Auto, Major and Husking Mills Association, which has around 17,000

members, said they are demanding the government discourage imports to protect local millers

and farmers."The demand for locally grown fine rice remains good. But the demand for coarse

and medium quality rice has fallen and it can rise if the government imposes duty on imports,"

he said.In December last year, a parliamentary panel advised the food ministry to take steps to

discourage imports.Contacted by phone, Food Minister Md Qamrul Islam said the imported

amount is not so high compared to domestic production. He also said imposing duty on rice

imports is the jurisdiction of the commerce ministry.

Published: 12:00 am Thursday, March 05, 2015

Last modified: 1:01 am Thursday, March 05, 2015

TAGS: India cheaper Rice imports Chitta Majumder Majumder Traders

http://www.thedailystar.net/rice-imports-rise-to-four-year-high-67772

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Expo Pakistan 2015' opens new avenues for rice export: REAP

chief

March 04, 2015,RECORDER REPORT

Expo Pakistan 2015' has opened new avenues for the rice export as buyers of several countries

were gathered under a roof, said Rafique Suleman Chairman Rice Exporters Association of Pakistan

(REAP). Addressing a reception in honour of foreign delegations of Kenya, Indonesia, Malaysia and

Kuwait, he expressed hearted congratulations to S M Munir, Chief Executive and Rabiya Javeri,

Secretary Trade Development Authority of Pakistan (TDAP) for organising successful event of Expo

Pakistan 2015 at Expo Centre Karachi.

Although Pakistani rice was already popular in the world market, however that exhibition had

provided another platform to explore new markets, he said. "Expo Pakistan 2015 provided good

opportunity to introduce Pakistani rice to foreign delegates and we will get very positive results

of this event," he added. Chairman REAP said rice had not been included in the Preferential

Trade Agreement (PTA) between Pakistan and Indonesia, which was a big hurdle in increasing

exports to Indonesia, hoping that after inclusion of Pakistani rice in PTA bilateral trade among

two countries could be enhanced.

Talking about the trade with Kenya, he said rice and tea were two major commodities being

traded between Kenya and Pakistan. He urged TDAP to continue those types of efforts to

increase the country's exports. Senior Vice President, FPCCI, Abdul Rahim Janoo said Pakistan

enjoyed very friendly relationship with GCC countries and Pakistan was importing huge quantity

of oil products. He said for first time a huge number of foreign delegations attended Expo

Pakistan which showed the confidence of foreign investors on government and its policies. Local

business community was also satisfied with the steps taken by government towards the

improvement of trade and business in Pakistan, he added.

On the occasion, High Commissioner of Pakistan to Kenya Rafiuzzaman Siddiqi, Consul

General of Indonesia in Karachi Hadi Santoso, Honarary Consul of Kenya in Karachi Hanif

Janoo, Senior Vice President, FPCCI Abdul Rahim Janoo, Commercial Secretary of Pakistan

Embassy in Indonesia Maria Kazi, Commercial Secretary of Pakistan in Malaysia Wajihullah

Kundi and others were also present. The Business Recorder

Thailand won 200,000-tonne G2G rice sale deal with the Philippines BY LARRY BANKS ON 2015-03-04THAILAND

BANGKOK, 4 March 2015 (NNT) – Thailand won a government-to-government rice bidding

contest to sell 200,000 tones of rice to the Philippines, one of the biggest rice buyers in the

world, Commerce Minister Gen Chatchai Sarikulya revealed.The Philippines called the auction

to buy a total of 500,000 tonnes of new rice, with Thailand winning to deliver 200,000 tonnes

and Vietnam to deal with the rest.

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Half of the Thai rice to be delivered will be 15% broken white rice, and the other half will be

25% broken white rice.Gen Chatchai said the rice deal would benefit Thailand‘s rice production

cycle as Manila has set the delivery date in March and April, allowing Thailand to release a great

amount of rice in a short period. This is expected to help accelerate the release of new rice which

is to come out in late-March.

http://news.thaivisa.com/thailand/thailand-won-200000-tonne-g2g-rice-sale-deal-with-the-

philippines/34894/

CCC Announces Prevailing World Market Prices

WASHINGTON, DC -- 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 2014 crop,

which became effective today at 7:00 a.m., Eastern Time (ET). Rough rice prices are decreased $0.08 per cwt for

long grain and medium/short grain.

World Price MLG/LDP

Rate

Milled Value

($/cwt) Rough

($/cwt) Rough ($/cwt)

Long-Grain 15.48 10.03 0.00

Medium-/Short-Grain 15.10 10.17 0.00

Brokens 9.34 ---- ----

This week's prevailing world market prices and MLG/LDP rates are based on the following U.S. milling yields and

the corresponding loan rates:

U.S. Milling Yields

Whole/Broken

(lbs/cwt)

Loan Rate

($/cwt)

Long-Grain 57.21/12.55 6.64

Medium-/Short-Grain 61.89/8.83 6.51

The next program announcement is scheduled for March 11.

CME Group/Closing Rough Rice Futures

CME Group (Prelim): Closing Rough Rice Futures for March 4

Month Price Net Change

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March 2015 $10.465 + $0.105

May 2015 $10.725 + $0.100

July 2015 $10.975 + $0.100

September 2015 $11.145 + $0.110

November 2015 $11.305 + $0.060

January 2016 $11.435 + $0.055

March 2016 $11.435 + $0.055

Dry Winter Weather Worries Rice Farmers Lesley McClurg

Tuesday, March 3, 2015 | Sacramento, CA | Permalink

Farm on Pleasant Grove Road, Pleasant Grove CA.

Brian Baer / California Rice Commission

California rice farmers are worried that if doesn't rain or snow soon

they will have to fallow fields again this year. The rice crop was

down nearly 25% in 2014. But, it's not just the drought that's

hurting growers. Market competition from states like Louisiana and

Arkansas is also increasing. Ryan Schohr is a sixth generation rice

farmer in Butte County. Last year he fallowed more than half of his

fields because of the drought. He worries about this year and

next. "The drought is certainly really impacting the decisions we

make with the level of employees, the amount of equipment we'll be utilizing to help prepare the

soil to plant our crops. All those things are very dynamic at this point," says Schohr.

The drought is only one dark market force. Tim Johnson is the president of the California Rice

Commission. He says rice grown in Arkansas and Louisiana is penetrating the market and

driving the price down. He stresses that the quality of southern rice is lower, but some markets

are willing to sacrifice on flavor to save money."The world knows that the quality of the rice

grown in California is very very high. But, for especially countries that import rice sometimes

price is the predominating factor."Johnson cites Turkey, Taiwan and Micronesia as examples of

countries who are buying southern rice instead of calrose.

http://www.capradio.org/43701?utm_source=USA+Rice+Daily%2C+March+4%2C+2015&utm

_campaign=Friday%2C+December+13%2C+2013&utm_medium=email

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Consumers: Health Foods like Rice are Worth Every Penny

ARLINGTON, VA -- A recent

Global Health and Wellness Survey conducted by Nielsen

showcased the willingness of younger consumers to put their

money where their mouth is -- literally. Nielsen, a top global

information and measurement company that provides insight into

current consumer trends, found consumers are making a conscious effort to incorporate natural

foods into their diets in lieu of processed, artificial ingredients.

This is good news for the rice industry, as U.S.-grown rice is sodium-

and cholesterol-free, contains no trans fats or saturated fats, is gluten-

free, and the least allergenic of all grains. These health features are

what consumers are seeking out and are happy to pay for. "The

outreach we do with registered dietitians is precisely designed to

capitalize on thesetypes of findings," said Fred Zaunbrecher, a

Louisiana rice farmer and chairman of the USA Rice Federation's

Domestic Promotion Committee. "We put a lot of effort into

positioning rice as the answer for this influential audience, and this

survey shows we got the questions right - the questions people are asking dietitians - namely, 'I

have health concerns, whatshould I be eating?'"

The obesity epidemic has worsened over the last few decades, with nearly half of global

respondents to Nielsen's Global Health and Wellness Survey reporting that they consider

themselves overweight. In spite of this statistic, or perhaps because of it, consumers are

becoming motivated to embrace foods, like rice, that promote good health and combat

disease. The "clean eating" craze has resonated with consumers and they are willing to pay top

dollar for these important health attributes.

The Global Health and Wellness Survey also revealed that consumers are looking for practical

foods that fulfill their nutritional needs. According to the study, more than 30 percent of

participants want foods that are high in protein, contain whole grains, or are fortified with

vitamins or minerals. U.S.-grown rice easily meets these criteria as it is nutrient dense and

contributes more than 15 vitamins and minerals including folate, iron, and zinc.

"There is a tremendous opportunity for food manufacturers and retailers to lead a healthy

movement by providing the products and services that consumers want and need," said Susan

Dunn, executive vice president, Global Professional Services, Nielsen. "While diet fads come

and go over time, innovative, back-to-basics foods that taste good, are easy to prepare, and

provide healthful benefits will have staying power."The U.S. rice industry agrees. "Healthy rice

bowls are fast, easy, delicious, and budget-friendly, and we think here to stay," said Zaunbrecher.

"You start with U.S.-grown rice and add other nutritious foods such as vegetables, poultry, lean

beef, seafood, and beans. It's a win-win situation."

Contact: Colleen Klemczewski (703) 236-1446

Fred Zaunbrecher (l) and

Byron Holmes know

promotion opportunities

when they see them