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19th June , 2014

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Latest News Headlines…             

Monsoon covers half of India in weak phase, slows sowing Nagpur Foodgrain Prices Open- June 19 Pre-monsoon rains begin, River Kabul in medium flood LCRA approves 2015 increased raw water rates for customers Paddy Farmers to Stage Protest on Tuesday Thai farmers satisfied with measures to reduce production costs BAAC closes rice mortgage program for 2012/2013 production season Cambodian, Thai companies ink deal to build 50 mln USD rice mill Fleeing Migrant Workers in Thailand Delay Rice Shipments Short-term rice aid proposed USDA Announces Mississippi Water Conservation Management Project Rice-field green for Samurai Blue Lorus Therapeutics to Present at the 9th JMP Securities Healthcare Conference

NEWS DETAILS: Monsoon covers half of India in weak phase, slows sowing BY RATNAJYOTI DUTTA

NEW DELHI Thu Jun 19, 2014 7:38pm IST A fisherman arranges his fishing net at a beach against the backdrop of pre-monsoon clouds in of Kochi June 5, 2014.NEW DELHI: The monsoon has covered half of India's landmass four days behind the usual schedule, failing to recover from a late start that has slowed sowing of summer crops in a country where half of the farmland still lacks irrigation. India's farming sector accounts for about 14% of its nearly $2 trillion economy. Inadequate rains can not only hurt farm output but also stoke inflation, a cause of major concern for the new government of Prime Minister Narendra Modi.

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The annual rains arrived over the southern Kerala coast five days behind the normal June 1 start and then entered a lull, with poor rains over the interior parts of southern India. Rainfall was 45% below average for the week ended June 18, compared with 48% below average the previous week, weather office data showed on Thursday. "Rainfall has increased in some parts of the central region, but monsoon has continued to be weak," said a weather official who did not want to be named. Weather officials, however, expect the monsoon to strengthen over the soybean growing areas of central India and rice growing areas of southeastern region in the next week.

P. Chengal Reddy, head of the lobby group Consortium of Indian Farmers Association, said farmers were waiting for the monsoon rains to gather momentum to speed up sowing. In the initial days of the June-September monsoon season, summer crops are not hugely affected by the quantity of rains. But its distribution in mid-July after the monsoon covers the entire country is important for their growth.Sowing activities of major summer crops such as rice, corn, soybean, cane and cotton have started in many areas but at a slower pace. The northwest belt can withstand delay in sowing up to 10 days, deriving benefits of healthy soil moisture due to good pre-monsoon showers," Farm commissioner JS Sandhu said, adding that farmers could also turn to reservoirs, in which water levels are up around 25% this year compared with yearago levels.

Favourable reservoir levels and plenty of government grain stocks could help mitigate the impact of poor rain this year, according to the Indian Council for Research on International Economic Relations. Earlier this week the government imposed export curbs on onions and ordered a crackdown on hoarding to check food price rises, after wholesale price inflation hit a five-month high in May. The weather office has forecast below average rainfall in 2014 due to fears of El Nino, a weather event marked by the warming of sea surface temperatures in the Pacific Ocean that can lead to droughts in the Asia Pacific region including India. The Australian Bureau of Meteorology's latest forecast put the chance of El Nino at 70%. Image: A fisherman arranges his fishing net at a beach against the backdrop of pre-monsoon clouds in of Kochi. (Reuters photo)

Nagpur Foodgrain Prices Open- June 19 Thu Jun 19, 2014 2:30pm IST Nagpur, June 19 (Reuters) - Gram and tuar prices in Nagpur Agriculture Produce and Marketing Committee (APMC) reported lower on poor buying support from local millers amid increased supply from producing regions. Easy condition on NCDEX, increased overseas supply and downward trend in Madhya Pradesh pulses also affected sentiment, according to sources. *

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FOODGRAINS & PULSES

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GRAM * Desi gram moved down in open market on lack of demand from local traders amid good supply from producing regions. TUAR * Tuar varieties ruled steady in open market on subdued demand from local traders amid ample availability of stock in ready position. * Moong mogar bold and medium varieties reported a fresh fall in open market on poor demand from local traders amid good supply from producing belts. * Wheat mill quality recovered in open market on renewed demand from local trader amid thin arrival from producing regions like Punjab and Haryana. * In Akola, Tuar - 3,800-4,100, Tuar dal - 5,700-6,000, Udid at 6,500-6,800, Udid Mogar (clean) - 7,600-8,100, Moong - 7,200-7,600, Moong Mogar (clean) 8,600-9,300, Gram - 2,000-2,200, Gram Super best bold - 3,000-3,300 for 100 kg. * Other varieties of wheat, rice and other commodities remained steady in open market in thin trading activity, according to sources. Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg FOODGRAINS Available prices Previous close Gram Auction 2,500-2,425 2,090-2,480 Gram Pink Auction n.a. 2,100-2,600 Tuar Auction 3,750-4,280 3,800-4,250 Moong Auction n.a. 4,600-5,000 Udid Auction n.a. 4,300-4,500 Masoor Auction n.a. 2,600-2,800 Gram Super Best Bold 3,500-3,600 3,500-3,600 Gram Super Best n.a. Gram Medium Best 3,100-3,300 3,100-3,300 Gram Dal Medium n.a. n.a. Gram Mill Quality 2,800-2,900 2,800-2,900 Desi gram Raw 2,400-2,700 2,500-2,800 Gram Filter new 2,900-3,100 2,900-3,100 Gram Kabuli 8,000-10,000 8,000-10,000 Gram Pink 7,300-7,900 7,300-7,900 Tuar Fataka Best 6,100-6,400 6,100-6,400 Tuar Fataka Medium 5,900-6,100 5,900-6,100 Tuar Dal Best Phod 5,500-5,700 5,500-5,700 Tuar Dal Medium phod 5,100-5,400 5,100-5,400 Tuar Gavarani 4,150-4,250 4,150-4,250 Tuar Karnataka 4,000-4,100 4,000-4,100

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Tuar Black 7,400-7,700 7,400-7,700 Masoor dal best 6,000-6,200 6,000-6,200 Masoor dal medium 5,800-6,000 5,800-6,000 Masoor n.a. n.a. Moong Mogar bold 8,800-9,500 8,900-9,600 Moong Mogar Medium best 8,200-8,600 8,300-8,700 Moong dal super best 7,600-8,000 7,600-8,000 Moong dal Chilka 7,700-8,300 7,700-8,300 Moong Mill quality n.a. n.a. Moong Chamki best 7,800-9,000 7,800-9,000 Udid Mogar Super best (100 INR/KG) 8,200-8,500 8,200-8,500 Udid Mogar Medium (100 INR/KG) 6,800-7,600 6,800-7,600 Udid Dal Black (100 INR/KG) 5,700-6,000 5,700-6,000 Batri dal (100 INR/KG) 3,800-4,800 3,800-4,800 Lakhodi dal (100 INR/kg) 2,900-3,000 2,900-3,000 Watana Dal (100 INR/KG) 3,350-3,450 3,350-3,450 Watana White (100 INR/KG) 3,700-3,800 3,700-3,800 Watana Green Best (100 INR/KG) 5,200-5,800 5,200-5,800 Wheat 308 (100 INR/KG) 1,200-1,500 1,200-1,500 Wheat Mill quality(100 INR/KG) 1,500-1,600 1,450-1,550 Wheat Filter (100 INR/KG) 1,200-1,400 1,200-1,400 Wheat Lokwan best (100 INR/KG) 1,900-2,200 1,900-2,200 Wheat Lokwan medium (100 INR/KG) 1,600-1,800 1,600-1,800 Lokwan Hath Binar (100 INR/KG) n.a. n.a. MP Sharbati Best (100 INR/KG) 2,500-3,200 2,500-3,200 MP Sharbati Medium (100 INR/KG) 2,000-2,400 2,000-2,400 Wheat 147 (100 INR/KG) 1,100-1,300 1,100-1,300 Wheat Best (100 INR/KG) 1,500-1,800 1,500-1,800 Rice BPT (100 INR/KG) 2,900-3,200 2,900-3,200 Rice Parmal (100 INR/KG) 1,600-1,800 1,600-1,800 Rice Swarna old (100 INR/KG) 2,700-2,900 2,600-2,800 Rice HMT (100 INR/KG) 3,800-4,200 3,800-4,200 Rice HMT Shriram (100 INR/KG) 4,400-5,200 4,400-5,200 Rice Basmati best (100 INR/KG) 10,400-13,900 10,400-13,900 Rice Basmati Medium (100 INR/KG) 7,300-10,000 7,300-10,500 Rice Chinnor (100 INR/KG) 4,800-5,400 4,800-5,400 Jowar Gavarani (100 INR/KG) 1,300-1,500 1,300-1,500 Jowar CH-5 (100 INR/KG) 1,600-1,700 1,600-1,700 WEATHER (NAGPUR) Maximum temp. 33.7 degree Celsius (92.7 degree Fahrenheit), minimum temp. 24.0 degree Celsius (75.2 degree Fahrenheit) Humidity: Highest - n.a., lowest - n.a. Rainfall : 4.2 mm FORECAST: Partly cloudy sky. Rains or thunder-showers likely towards evening or night. Maximum and Minimum temperature likely to be around 36 and 25 degree Celsius respectively.

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Note: n.a.--not available (For oils, transport costs are excluded from plant delivery prices, but included in market prices.)

Pre-monsoon rains begin, River Kabul in medium flood 06/19/2014Pakistan Agriculture ResearchWater Reservoirno

Pre-monsoon rains have started in the upper parts of the country while river Kabul is in medium flood level at Nowshera with running water of 107,000 cusecs and all the other major rivers are flowing below low, meteorological department said on Wednesday.It said seasonal low lies over Balochistan and adjoining areas. Moist currents from Arabian Sea are penetrating into upper parts of the country. A shallow westerly trough is also prevailing over extreme northern parts of the country. It said rain thundershower associated with gusty winds occurred at scattered places of Islamabad/Rawalpindi, G/wala, Hazara, Peshawar divisions and Kashmir, while at isolated places in Malakand division and GB.Palandri 48mm Murree33, Islamabad (Saidpur) 27, Kotli 26, Balakot 25, M.B.Din 24, Abbotabad and Rawlakot17, Cherat14, Malamjabba12, Chakwal10, Peshawer06, Rawalpindi, Mangla05, Drosh, Chitral and Risalpur01mm. Talhatta, Chattarkallas, Besham and Attock Khairabad-03(each), Shinkiari, Baba Shah Jalal, Nauseri, Dratian and Garhi Dupatta-02(each), Chakdara, Garhiala, Muzaffarabad, Domel, Drosh, Mirkhani, Risalpur and Chitral-01(each), Astore, Bunji, Gilgit and Skardu-Trace (each).

WEATHER FORECAST FOR TODAY Scattered Dust thunderstorm/rain is expected over Malakand, Hazara, Peshawar, Kohat and Rawalpindi Divisions along with Gilgit-Baltistan and Kashmir. Isolated dust thunderstorm/rain is expected over Sargodha, Faisalabad and Lahore Divisions. Mainly hot and dry weather is expected in other parts of the country. The hottest places in the country during past 24 hours were Turbat 50, Sibbi 47, Dadu 46, Jacobabad, Bhakkar, Sukkar, Shaheed Benazeerabad and Bahawalnagar 45.RIVER WATER FLOWS Water flow in the mighty Indus has risen to 180,400 cusecs at Tarbela, River Kabul at Nowshera 107,000 cusecs, river Jhelum at Mangla 68,700 cusecs and river Chenab at Marala 86,700 cusecs. IRSA has reduced water outflow off Mangla dam by 10,000 cusecs. RIVERS FLOWS AND RESERVOIRS LEVEL REPORT The position of the river inflows/outflows and the reservoirs levels   

Reservoirs (at 0600 hours) Present Level Maximum Level (ft.) Present Live Storage Tarbela 1,418.39 1,380.00 1,550.00 0.699 MAF

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Mangla 1,182.00 1,040.00 1,242.00 3.387 MAF Chashma 643.80 637.00 649.00.

LCRA approves 2015 increased raw water rates for customers by Leslee Bassman

June 18, 2014 On June 18, the Lower Colorado River Authority board of directors unanimously approved increased raw rates for firm water customers, effective January 2015.Firm water customers include municipalities and water utilities, such as Austin and Lakeway, that have first claim on the Highland Lakes stored water supply. Interruptible customers, such as downstream rice farmers, can have their water supply interrupted during water shortages.The new rates, an increase from $151 per acre-foot to $175 per acre-foot for firm water customers, will be temporary and include only the January 2015 through December 2015 billing cycles, LCRA Executive Vice President John Hofmann said. However, the rate hike may be reduced should the drought subside and revenues rise, he said.―The goal [of the drought rate] is the full cost recovery of LCRA’s water operations,‖ General Manager Phil Wilson said.The rate increase was necessary because most LCRA interruptible customers have not received any stored water the past three years due to emergency restrictions, and LCRA has been unable to recover those operation costs, he said.―We’ve got to fill that hole and cover our costs,‖ LCRA Board Chairman Timothy Timmerman said. Burnet County Judge Donna Klaeger said two communities in her area lack a water source, and property values have decreased by almost $89 million from the low levels in lakes Buchanan and Travis. She said the local tax rate may go up 2 percent as a result of this loss in property value.―We are in a crunch,‖ Klaeger said.Jo Karr Tedder, president of Highland Lakes advocacy group Central Texas Water Coalition, said that both the water rate increase of $175 and initial rate of $151 are unfair and discriminatory to firm customers who pay substantially more for water than interruptible customers.Although the CTWC proposes that interruptible rates should be comparable to firm rates, that does not take into account that water has been cut off to interruptible customers, said Ronald Gertson, a rice farmer and chairman of the Colorado Water Issues Committee, which represents the rice farmers. Board members also unanimously agreed to seek an order from the Texas Commission on Environmental Quality to suspend releasing water to interruptible customers for an additional 120 days beyond an existing order set to end July 25. The new order would expire in November at the end of the irrigation season for interruptible customers, Hofman said.The LCRA is considering outsourcing the water delivery systems for its irrigation divisions, a move that is estimated to save about $6 million, he said. If the systems are outsourced and anticipated savings occur, the agency would reduce firm water customer rates back to $151 per acre foot, he said. Tags:Central Texas Water Coalition Donna Klaeger impactnews.com John Hofmann Jo Karr Tedder Lower Colorado River Authority Phil Wilson Ronald Gertson Timothy Timmerman

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Paddy Farmers to Stage Protest on Tuesday Posted on June 19, 2014 in Thiruvananthapuram

Express News Service THIRUVANANTHAPURAM: Farmers from across the state will stage a dharna in front of the Secretariat on June 24 in protest against the Kerala State Civil Supplies Corporation’s (Supplyco) lethargy in paying the price of the paddy procured from them.The dharna is the second part of the protest organised by the district committees in Alappuzha, Thrissur, Palakkad and Pathanamthitta, said Kisan Janata state president Ayathil Appukkuttan in a press conference here on Wednesday. The dharna will also press the demand for urgent distribution of the arrears in compensation for the farmers who suffered crop loss in drought and flood.―Kisan Janata also rejects the proposal of the United Democratic Front government to amend the Conservation of Paddy and Wetland Act. The government should hold discussions with representatives of farmers, political parties and environmental activists before reaching a decision on the amendment,‖ said the office-bearers of the farmers’ organisation.Socialist Janata secretary general Varghese George will inaugurate the dharna.

Thai farmers satisfied with measures to reduce production costs Date : 18 มิถุนายน 2557 BANGKOK, 18 June 2014 (NNT) –Thai farmers are satisfied with the measures to reduce production costs after meeting with Gen. Chatchai Sarikalaya, Deputy Chief of Economic Affairs of the National Council for Peace and Order (NCPO), acknowledged the president of the Thai Rice Farmers' Association (TRFA) Wichien Puanglamjiek. The sub-committee supervising measures affecting production and rice marketing, today proposed guidelines for crop cost reduction to the NCPO chief Gen Prayuth Chan-ocha. The TRFA wants rice mills and brokers to purchase paddy at 8,000-9,000 baht per ton. The farmers are divided into two categories; farmers in irrigation zones and those outside zones. The NCPO should therefore help them in line with their situation, as farmers outside the irrigation zones have to cover costs of around 6,500-7,000 baht per Rai.

BAAC closes rice mortgage program for 2012/2013 production season Wednesday, 18 June 2014By NNT

BANGKOK, 18 June 2014 – The Bank for Agriculture and Agricultural Cooperatives (BAAC) has announced the closure of the rice pledging project for the 2012/2013 production season, after having completed payment to some 830,000 rice growers. BAAC managing director Lak Wotchananawat on Tuesday witnessed the final payment made to rice growers who have been waiting several months for the money owed to them. The last

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batch of payment, part of the 92 billion baht paid to rice growers after the NCPO came to power, was given to rice growers in Nam Phong district of Khon Kaen province.The BAAC started its most recent round of payment to rice farmers on May 26, finally allowing all unpaid rice growers to get their money. Earlier, all rice growers were expected to have been paid by June 22; however, the payment proceeded faster than expected and the last farmers were paid on Tuesday.According to Mr. Lak, the money now in the hands of the farmers is expected to help the national economy expand by another 0.2% on top of the projected growth.

Cambodian, Thai companies ink deal to build 50 mln USD rice mill Source:Xinhua Published: 2014-6-19 14:41:11 Cambodia's Soma Group and Thailand's C.P. Intertrade on Thursday signed a joint-venture agreement to build a sophisticated rice milling and refining factory in the western Kampong Speu province of Cambodia.The deal was inked between Sok Puthyvuth, chief executive officer of Soma Group, and Prasit Damrongchietanon, vicechairman of C.P. Trading Group.Speaking to reporters after the signing ceremony, Sok Puthyvuth said the joint venture was to invest in constructing a large-scale rice milling and refining factory in Cambodia with an estimated investment of $50 million. "The factory will be capable to process 300,000 tons of rice a year," he said.Puthyvuth, who is the son of Deputy Prime Minister Sok An and son-in-law of Prime Minister Hun Sen, said the factory would begin to produce the best quality rice for global market from the first quarter of 2015.Prasit Damrongchietanon said, "The joint-venture marks a significant milestone for the Cambodian rice industry as C.P. Intertrade will bring its state of the art expertise in rice milling and refining as well as ready market access to more than 100 countries in the world."Cambodia produced about 9.4 million tons of paddy rice last year. Of this amount, the country has more than 3 million tons of milled rice left over for exports this year.The country is expected to export one million tons of milled rice a year from 2015. Last year, it exported some 379,000 tons of milled rice, up 84 percent year on year. Posted in: Central & South Asia

Fleeing Migrant Workers in Thailand Delay Rice Shipments By Supunnabul Suwannakij Jun 19, 2014 2:08 PM GMT+0500

Rice prices in Thailand, the world’s second-biggest exporter, will probably extend their gains because of shipping delays as migrant workers flee after the military coup, the Thai Rice Exporters Association said.As many as 70 percent of the workers involved in loading grain at warehouses and moving it to vessels have left

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the country, Chookiat Ophaswongse, the association’s honorary president, said by phone from Bangkok yesterday. That could delay deliveries by as much as three weeks, he said. Thailand is set to account for 22 percent of global rice exports this year, U.S. Department of Agriculture data show. More than 200,000 workers from neighboring countries left Thailand since the military seized power on May 22 amid fears of a crackdown on illegal labor, according to the International Organization for Migration. The military denies ordering such a move. Thai rice prices have increased to a three-month high.―We’re now facing problems of severe labor shortages and tight supplies, which will boost prices in the short term,‖ Chookiat said, predicting that rates may increase by as much as $20 in the next two months. Thai 5-percent broken white rice, an Asian benchmark, climbed for a third week yesterday, adding 1.5 percent to $398 a ton.A supply shortage after the military halted sales from state stockpiles is also bolstering rates, Chookiat said. The army stopped sales and curbed movement of grain to review the quality and quantity of reserves built up through a state buying program started in 2011. Inventories rose to 14 million tons from 5.6 million tons three years ago, USDA data show. Excess Supplies

Ample stockpiles in Thailand and competition from Vietnam will curb gains, said Kiattisak Kanlayasirivat, a Bangkok-based director at Ascend Commodities SA, which trades about 500,000 tons of rice annually. ―As prices rise, demand for Thai origin slows. Buyers will seek cheaper sources like Vietnam. ‖While prices for 5-percent broken white rice increased for the past three weeks, they have declined 9 percent this year because of excess supplies in Thailand and India.―Only about 500 tons of rice a day can be loaded now, compared with 2,000-3,000 tons normally,‖ Kiattisak said, referring to grain bought from Thai exporters for shipment to Africa. ―I’ve never seen such slow loading before. The shipment could be delayed by a month.‖The National Council for Peace and Order, as the junta is known, aims to solve the problem of illegal workers, Air Chief Marshal Prajin Juntong, the head of economic affairs, said on June 17. The council expects migrant labor will return to Thailand because of high demand, he said. Loading Bags

Workers load bags from warehouses onto lighters and onto vessels at ports, said Sermsak Kuonsongtum, director of Chaiyaporn Group, an exporter, and association vice president.The loading rate is about 300 tons a day now compared with 1,500 tons normally, Sermsak said by phone from Bangkok.The country has a migrant

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worker population of 2.23 million, including 1.82 million people who entered the country illegally, according to the Department of Employment. Of the total, 1.74 million are from Myanmar, 395,000 from Cambodia and 96,000 from Laos. To contact the reporter on this story: Supunnabul Suwannakij in Bangkok atssuwannakij@bloomberg.net To contact the editors responsible for this story: James Poole at jpoole4@bloomberg.net Thomas Kutty Abraham

Short-term rice aid proposed Plan will limit crop production costs Published: 19 Jun 2014 at 00.06 Newspaper section: Business Writer: Phusadee Arunmas Measures to address low paddy prices and spiralling production costs are likely to be finalised tomorrow, but some farmers may feel a bit disappointed as neither cash handouts nor any other sort of compensation will be involved. Officials from the Office of the Auditor-General and the army's Region 2 climb to the top of a rice stack kept at a warehouse in Nakhon Ratchasima province. Inspections have been carried out nationwide to examine the quantity and quality of the state’s pledged rice. PRASIT TANGPRASERT The meeting between Gen Chatchai Sarikalya, deputy head of economic affairs for the National Council for Peace and Order (NCPO), and representatives from rice millers, farmers, exporters and relevant state agencies yesterday agreed on guidelines to help farmers cope with production costs.Within the guidelines, vendors of chemical fertiliser, insecticide, rice seeds, rice harvesters and land owners who rent their farmland agreed to cut their product prices, while the state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) is set to offer special low-interest loans to farmers and committed to design additional measures to raise the paddy prices.

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Gen Chatchai insisted the measures will not include cash or other forms of subsidies, but rather focus on how to lower farmers' production costs.All proposals raised at the meeting were to be mentioned to NCPO chief Gen Prayuth Chanocha for consideration yesterday evening, so that measure can be in place for the 2014-15 crop year.BAAC president Luck Wajananawat said lower production prices were estimated to help cut farmers' production costs by 432 baht a rai from an average of 4,787 baht a rai.If the low-interest loan programme is included, farmers' production costs drop by a combined 582 baht per rai.The state bank proposed to cut its loan rate by 3% from the minimum lending rate for six months. Wichien Phuanglamjiak, president of the Thai Agriculturist Association, said the junta's commitment to stabilise paddy prices at 8,500 to 9,000 baht was acceptable, but he urged it to classify the farmers into two groups, noting that farmers who stayed in non-irrigated areas normally had higher production costs, averaging 6,500 to 7,000 baht per rai.Rawee Rungruang, who leads a network of farmers, said the guidelines are acceptable given the current limited fiscal budget conditions. He also urged the junta to help cut diesel prices for farmers in the same manner provided to the fisheries sector.Nipon Poapongsakorn, a distinguished fellow at the Thailand Development Research Institute, said the junta's focus on cutting production costs in lieu of cash subsidies was understandable, given budget constraints.But he said the junta still required close monitoring to check if the cooperation it was asking for from private operators to help cut production prices could actually be put into practice.Mr Nipon said if cash subsidies were still deemed necessary, there should be a mechanism to ensure the cash went directly to poor farmers.

USDA Announces Mississippi Water Conservation Management Project WASHINGTON, DC- The U.S. Department of Agriculture Natural Resource Conservation service (NRCS) recently announced they are taking applications for the Mississippi Water Conservation Management Project. The program aims to address water conservation issues, including water quality and quantity in the Mississippi River Valley Aquifer. "We highly encourage eligible farmers to apply for this program," said Reece Langley, the USA Rice Federation's vice president of government affairs.

"Not only is the program worthwhile and advantageous to many types of growers, but any time we can link rice and conservation, it's a positive situation." Eligible producers are those with irrigated farm land that falls within the Mississippi River Valley Aquifer and qualify for EQIP funding, but the program is not limited to rice. There is an initial FY2015 funding deadline of June 30, but the application process is ongoing. The following Mississippi counties are included: Bolivar, Carroll, Coahoma, Desoto, Grenada, Holmes, Humphreys, Issaquena, Leflore, Panola, Quitman, Sharkey, Sunflower, Tallahatchie, Tate, Tunica, Warren, Washington, and Yazoo. For more information and to apply for funding visit your local NRCS office. Contact: Lydia Holmes (703) 236-1450

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Rice-field green for Samurai Blue 0:05 pm, June 18, 2014 The Yomiuri ShimbunOWARIASAHI, Aichi—A project to create art in a rice field aimed at cheering on the Japan national team for the FIFA World Cup is under way at Owariasahi.The work uses four types of rice including ancient varieties to represent city mascot Asapi heading a ball and the letters of JAPAN on the field of about 1,000 square meters. The Owariasahi municipal government has been creating rice field art with a local farmers cooperative and others since 2010.―The best time to see [the field] is around mid-July, just the time when the final match of the World Cup will be held. I hope the Japanese squad can survive until then,‖ said Kazushi Tsukamoto, 27, an official of the city’s industrial development division. Image: The Yomiuri Shimbun Rice field art in Owariasahi, Aichi Prefecture, expresses support for the Japan national team at the FIFA World Cup.

Lorus Therapeutics to Present at the 9th JMP Securities Healthcare Conference TORONTO, June 19, 2014 /PRNewswire/ - Lorus Therapeutics Inc. CA:LOR +4.17% today announced that William G. Rice, Ph.D., Chairman and Chief Executive Officer, will present at the 2014 9th JMP Securities Healthcare Conference on Wednesday, June 25, 2014, at 12:00 p.m. ET at the Westin New York Grand Central in New York City. Dr. Rice will provide a corporate overview of the Company's recent financing activities and strategic direction including plans to develop Lorus' lead clinical agent LOR-253 for acute myeloid leukemia (AML), myelodysplastic syndromes (MDS) and other hematologic malignancies.A live audio webcast of the presentation will be accessible by visiting: http://wsw.com/webcast/jmp24/lor.to The audio webcast will be archived shortly after the live event and will be available for 90 days through the Lorus website at www.lorusthera.com . About Lorus

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Lorus is a clinical-stage biotechnology company with a commitment to discovering and developing targeted therapies addressing unmet medical needs in oncology. We aim to develop therapeutics focused on novel cellular targets on the leading edge of cancer research coupled to companion diagnostics to identify the optimal patient population for our products. Our pipeline of cancer drug candidates includes small molecule products and immunotherapies providing additive or synergistic efficacy without leading to overlapping toxicities with existing anti-cancer regimens, facilitating the adoption of doublet or possibly triplet therapies. Lorus Therapeutics Inc. is listed on the Toronto Stock Exchange under the symbol LOR. Forward Looking Statements This press release contains forward-looking statements within the meaning of Canadian and U.S. securities laws. Such statements include, but are not limited to, statements relating to: our ability to obtain financing or partnerships, the establishment of corporate alliances, our ability to maintain current and future corporate alliances, our ability to fund or reach developmental milestones, Lorus' plans, objectives, expectations and intentions and other statements including words such as "continue", "expect", "intend", "will", "should", "would", "may", and other similar expressions. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by us are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements described in this press release. Such expressed or implied forward looking statements could include, among others: our ability to obtain the capital required for research and operations; the inherent risks in early stage drug development including demonstrating efficacy; development time/cost and the regulatory approval process; the progress of our clinical trials; our ability to find and enter into agreements with potential partners; our ability to attract and retain key personnel; changing market conditions; and other risks detailed from time-to-time in our ongoing quarterly filings, annual information forms, annual reports and annual filings with Canadian securities regulators and the United States Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the section entitled "Risk Factors" in our filings with Canadian securities regulators and the United States Securities and Exchange Commission underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and we do not intend, and do not assume any obligation, to update these forward-looking statements, except as required by law. We cannot assure you that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. SOURCE Lorus Therapeutics Inc.

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