29th october 2013 daily rice e newsletter (global rice news) by riceplus magazine

29th October , 2013

TOP Contents - Tailored for YOU Latest News Headlines…  Insurance for rice farmers eyed with end to output adjustmen  Enough rice for everyone  Commerce minister says China still wants to trade Thai rice for Chinese trains  Basmati paddy rates witness a jump of 50%  Rice, the new beauty aid  Nagpur Foodgrain Prices Open-Oct 29  Floods to affect paddy output in Bengal  Tighter global funding to weigh on emerging Asia - IMF  Basmati paddy may top Rs 5,500 a quintal soon  Syria again seeks bids for rice and sugar with tenders

News Details…

Insurance for rice farmers eyed with end to output adjustmen The Japanese government is planning to introduce an insurance scheme for rice farmers to buffer against possible drops in their income following the envisioned end to the nation's rice production adjustment program by 2018, farm minister said Tuesday.The production adjustment program launched in 1970 is aimed at preventing rice prices from plunging by limiting cultivation of the grain amid a decline in consumption. Its abolishment is being considered to prepare rice farmers

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for a potential influx of cheap imports under the planned Trans-Pacific Partnership free trade pact.Agriculture, Forestry and Fisheries Minister Yoshimasa Hayashi told a press conference that "a safety net is necessary to alleviate the impact from drops" in rice prices.

He said the farm ministry has demanded 321 million yen in the state fiscal 2014 budget to be used to design the insurance scheme.Rice farmers will be required to pay a premium into the insurance scheme and they will receive money when their income declines with plunges in the price of rice. While public funds will not be used for the program, the government could be involved in its operation, according to officials.The government will aim to introduce the insurance scheme by 2018, around the same time as the rice production adjustment program comes to an end. Details of the program will be decided later, including the possibility of expanding the scheme to cover crops other than rice, the officials said.

In the run-up to the abolishment of the output adjustment program, the government and ruling parties are considering slashing 15,000 yen subsidies paid to rice farmers per acreage of 1,000 square meters and limiting subsidy recipients to large-scale farmers to enhance their competitiveness."It is not appropriate to support all rice farmers including small-scale ones with subsidies in view of the government policy of promoting farm land accumulation," Hayashi said. ==Kyodo >Copyright 2013 Kyodo News International.

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Enough rice for everyone The Jakarta Post, Kudus, Central Java | Business | Tue, October 29 2013, 6:59 AM

A woman separates dirt from unhulled rice in a village in Kudus, Central Java, on Monday. With 2 million tons of rice stocks and 13.5 million hectares of rice fields, Agriculture Minister Suswono is confident that the nation will not import rice this year.(Antara/Andreas Fitri Atmoko)

In Snap: nough rice for everyone: A woman separates dirt from unhulled rice in a village in Kudus, Central Java,

on Monday. With 2 million tons of rice stocks and 13.5 million hectares of rice fields, Agriculture Minister Suswono is confident that the nation will not import rice this year.(Antara/Andreas Fitri Atmoko)

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Commerce minister says China still wants to trade Thai rice for Chinese trains Date : 29

2556

BANGKOK, 29 Oct 2013 (NNT) – Minister of Commerce Niwatthamrong Bunsongphaisan asserted on Monday the Chinese government remained interested in exchanging Chinese high-speed trains for Thai rice. Mr. Niwatthamrong last week attended a roadshow of the ASEAN region held in China, and had the opportunity to confer with Chinese representatives about the purchase of Thai produce. He said on Monday that China would send a team to discuss the matter with Thailandin November,and representatives of both countries will again discuss the topic through their joint economic and investment collaboration committee, which should yield conclusions at the policy level.

Thailand will probably achieve the 1.2 million tons of rice sale to China by early November. The pricing would, however, be based on the Ex Warehouse method, meaning the price would be lower than that in the FOB market. China will have the opportunity to inspect the quality of the produce before the country accepts the goods,Mr. Niwatthamrong said.

Basmati paddy rates witness a jump of 50% Press Trust of India | Chandigarh | Updated: Oct 29 2013, 04:21 IST SUMMARYIn

contrast to paddy farmers getting lower rates due to discolouration, basmati gr-owers have witnessed over 50% jump in price for their produce in the ongoing kharif marketing season in Punjab and Haryana.

In contrast to paddy farmers getting lower rates due to discolouration, basmati gr-owers have witnessed over 50% jump in price for their produce in the ongoing kharif marketing season in Punjab and Haryana.Aromatic varieties of basmati paddy are fetching R3,200 to R3,900 per quintal as against R2,200 to R2,500 per quintal last year, traders said. “This season, farmers are getting better returns for basmati crop despite there being some loss in quality and yield due to untimely rains,” Vijay Setia, director of rice-exporter Chaman Lal Setia Export, said on Monday.He added: “There’s an upswing in prices of all kinds of basmati on the back of strong demand.”

Rice, the new beauty aid HYDERABAD, OCT. 28:

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Rice, the staple cereal, can soon be a pain reliever, skin moisturiser or meet other skin-care needs.A beginning towards this has been made with the Directorate of Rice Research, under the Indian Council of Agricultural Research, coming out with the country’s first rice-based pain relieving gel and skin moisturising lotion.The directorate is also expanding the field of its research from hybrid rice products to rice-based health and skin care products. Japan has been using rice for making a variety of natural skin and hair care products, including facial scrubs, anti-wrinkle and moisturisers for decades.

ENCOURAGING RESULTS “Our two new products have yielded encouraging results during trials and limited marketing. We are now ready to transfer the technology through tie ups with skin care product makers and retailers on a royalty or partnership basis,” B.C. Viraktamath, Project Director, told Business Line.The institute, which sells hybrid seeds and services to private companies on a licensing basis, is in talks with small retailers and healthcare companies for taking up production on a commercial scale.The skin-care product was made at DRR laboratory from rice bran oil and aqueous brown rice extract as key ingredients.Due to the brown rice, the product also contains oryzanol, vitamins and other anti-oxidants that are known to have anti-aging qualities. “The starch extracted from brown rice acts as a gelling agent, providing moisture to the skin slowly but for a longer period of time. At laboratory scale, the production cost of 100 gm is just Rs 13. Thus, a Rs 5 lakh unit can produce 50 kg of the gel daily,” he said.The pain balm herbal formulation contains rice bran oil as a carrier, which helps active ingredients such as camphor, menthol and eucalyptus oil get absorbed in the skin faster, providing quick relief. The production cost at DRR laboratory was Rs 20 for 25 gram. amit.mitra@thehindu.co.in (This article was published on October 28, 2013)

Keywords: Rice, Directorate of Rice Research, rice-based pain relieving gel, skin moisturising lotion

Nagpur Foodgrain Prices Open-Oct 29 Tue Oct 29, 2013 2:10pm IST

Nagpur, Oct 29 (Reuters) - Gram and tuar prices in Nagpur Agriculture Produce and Marketing Committee (APMC) reported strong again on good demand from local millers amid weak supply from producing regions. Upward trend on NCDEX, fresh rise in Madhya Pradesh gram prices and enquiries from South-based millers also helped to push up prices, according to sources.

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FOODGRAINS & PULSES GRAM * Desi gram raw recovered further in open market on renewed demand from local traders amid tight supply from producing regions.

TUAR * Tuar varieties ruled steady in open market here matching the demand and supply position.

* Moong Chamki and Watana green best reported strong in open market on good festival season demand from local traders. Damage crop because of unseasonal rains also pushed up prices.

* In Akola, Tuar - 4,300-4,450, Tuar dal - 6,500-6,700, Udid at 4,800-5,100, Udid Mogar (clean) - 5,700-6,000, Moong - 6,200-6,600, Moong Mogar (clean) 7,400-7,600, Gram - 3,300-3,500, Gram Super best bold - 4,400-4,600 for 100 kg.

* Wheat, rice and other commodities remained steady in open market

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in thin trading activity, according to sources.

Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg

FOODGRAINS Gram Auction Gram Pink Auction Tuar Auction

Available prices 2,500-3,300 n.a.

2,400-2,960 2,100-2,600

3,870-4,320

Moong Auction Udid Auction Masoor Auction

Gram Medium Best

3,800-4,275

n.a.

4,200-4,400

n.a.

4,300-4,500

n.a.

Gram Super Best Bold Gram Super Best

Previous close

2,600-2,800 4,500-4,800

4,500-4,800

n.a.

4,000-4,350

4,000-4,350

Gram Dal Medium

n.a.

Gram Mill Quality

3,950-4,100

3,950-4,100

Desi gram Raw

3,650-3,750

3,600-3,700

Gram Filter Yellow Gram Kabuli

n.a.

7,600-9,800

n.a.

n.a.

7,600-9,800

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Gram Pink

7,600-8,000

Tuar Fataka Best

7,600-8,000

6,800-7,000

Tuar Fataka Medium

6,800-7,000

6,600-6,800

Tuar Dal Best Phod

6,600-6,800

6,300-6,400

Tuar Dal Medium phod

6,300-6,400

5,900-6,100

5,900-6,100

Tuar Gavarani

4,400-4,550

4,400-4,550

Tuar Karnataka

4,500-4,600

4,500-4,600

Tuar Black

7,100-7,200

Masoor dal best

5,100-5,300

Masoor dal medium Masoor

7,100-7,200 5,100-5,300

4,700-4,900 n.a.

Moong Mogar bold

n.a.

7,800-8,100

Moong Mogar Medium best Moong dal super best Moong dal Chilka

4,700-4,900

7,800-8,100

7,200-7,600

6,700-6,900 6,200-6,600

7,200-7,600

6,700-6,900 6,200-6,600

Moong Mill quality

n.a.

n.a.

Moong Chamki best

6,800-7,500

6,600-7,300

Udid Mogar Super best (100 INR/KG) 6,000-6,200

6,000-6,200

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Udid Mogar Medium (100 INR/KG) Udid Dal Black (100 INR/KG) Batri dal (100 INR/KG)

3,600-3,700

Watana Dal (100 INR/KG)

5,000-5,200

3,600-3,700

2,900-3,000 3,350-3,450

Watana White (100 INR/KG)

2,900-3,000 3,350-3,400

3,300-3,400

Watana Green Best (100 INR/KG)

3,250-3,400

8,100-8,500

1,600-1,700

Wheat Mill quality(100 INR/KG) Wheat Filter (100 INR/KG)

5,200-5,700

5,000-5,200

Lakhodi dal (100 INR/kg)

Wheat 308 (100 INR/KG)

5,200-5,700

7,900-8,100

1,600-1,700

1,600-1,650

1,600-1,650

1,600-1,800

Wheat Lokwan best (100 INR/KG)

1,600-1,800

1,850-2,300

1,850-2,300

Wheat Lokwan medium (100 INR/KG) 1,700-1,900 Lokwan Hath Binar (100 INR/KG) MP Sharbati Best (100 INR/KG)

n.a.

n.a.

3,100-3,600

MP Sharbati Medium (100 INR/KG)

1,700-1,900

3,100-3,600

2,600-2,900

2,600-2,900

Wheat 147 (100 INR/KG)

1,400-1,500

1,400-1,500

Wheat Best (100 INR/KG)

1,500-1,600

1,500-1,600

Rice BPT (100 INR/KG)

2,700-3,400

2,700-3,400

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Rice Parmal (100 INR/KG)

2,200-2,500

Rice Swarna Best (100 INR/KG)

2,300-2,500

Rice Swarna Medium (100 INR/KG) Rice HMT (100 INR/KG)

2,200-2,500 2,300-2,500

2,100-2,300

4,000-4,400

2,100-2,300

4,000-4,400

Rice HMT Shriram (100 INR/KG)

4,400-4,800

4,400-4,800

Rice Basmati best (100 INR/KG)

10,000-12,500

10,000-12,500

Rice Basmati Medium (100 INR/KG) 6,200-7,500 Rice Chinnor (100 INR/KG)

5,000-5,500

6,200-7,500

5,000-5,500

Rice Chinnor Medium (100 INR/KG) 4,400-4,800 Jowar Gavarani (100 INR/KG) Jowar CH-5 (100 INR/KG)

1,500-1,650 1,800-1,900

4,400-4,800 1,500-1,650

1,800-1,900

WEATHER (NAGPUR) Maximum temp. 32.0 degree Celsius (89.6 degree Fahrenheit), minimum temp.

19.3 degree Celsius (66.7 degree Fahrenheit) Humidity: Highest - n.a., lowest - n.a.

Rainfall : nil FORECAST: Generally cloudy sky. Rains or thundershowers likely. Maximum and Minimum temperature likely to be around 33 and 18 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.)

Floods to affect paddy output in Bengal Initial estimates suggest a drop of 30%

Just about when the second green revolution in the East was being touted as a success story, floods washed away the outcome in a flick.For the year 2013-14, under the Bringing Green Revolution to Eastern India (BGREI) scheme, nearly Rs 151 crore was allocated to West Bengal, with the first installment of Rs 75 crore released only in September. The state government had set a target of increasing rice productivity by 500 kg/hectare through new varieties of seeds, introduced as part of the second green revolution in the East.Informal estimates suggest floods are likely to reduce paddy outputin West Bengal by more than 30%. Apart from standing crops, the entire paddy seed bed, prepared for the winter or Boro season, has been damaged. More than 70% of paddy crop in Purba Medinipur, Paschim Medinipur, Purulia , Hooghly and Bankura have been affected. The five districts account for nearly 30% the state’s total riceproduction. About 1,00,000 tonne of paddy seeds are feared to be destroyed in the floods.

In August, when the state witnessed the first major flood of the year, agriculture production, particularly paddy, was unlikely to drop drastically, in spite of crop damage, due to the use of high yielding variety of seeds. However, a flood just before the harvest season in November surfaced, which is taking a toll on a substantial amount of standing paddy crop.In July-August, floods in nine of the 19 districts in the state, including the high rice-productivity districts of Bardhaman, Hooghly, Birbhum and Nadia, destroyed a part of standing crop.

“Initial estimates suggested this year paddy productivity was much more than usual. However, with the recent floods, the whole of paddy seeds as well as standing crop have been severely destroyed,” said Pranab Chatterjee, professor at Bidhan Chandra Krishi Viswavidyalaya.In 2012-13, the state produced 15.3 million tonnes (MT) of rice, an increase of 5.5% over the previous year. This year, the production is likely to be nothing more than 12 million tonnes, against the initial target of 15-16 million tonne, according to Chatterjee. This year, paddy was sown on nearly 4.2 million hectares in the Kharif season.Apart from paddy, floods in West Bengal have damaged farms of betelvine, spices, vegetables and flowers.

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At Panskura, marigold farms still dot the flooded fields, that are sure to rot. Flowers worth Rs 8 crore have been damaged by the floods in Purba Medinipur. The total horticulture damage is estimated to be Rs 35 crore, of which only vegetable damage is to the tune of Rs 22 crore. The fisheries department reckons a damage of about nearly Rs 9 crore in the district. The kharif harvest season also coincides with the season of betel nut harvest in Purba Medinipur. Prices of betal nut have gone up from Rs 120 kg to nearly Rs 200 per kg in one month due to crop loss.At Mahesidal Cooperative Marketing Society in Tamluk, which procures paddy from farmers on behalf of the government, there would not be any procurement this year, as market prices are much higher than the MSP. The market prices of paddy are likely to be Rs 1500-1600 per quintal of paddy, against the minimum support price of Rs 1310 per quintal, according to an official at the cooperative. Last year, the cooperative saw a record paddy procurement, worth nearly Rs 12 crore. In 2011-12, the state government had procured 3.04 MT of rice from farmers due to crash in prices led by over-production.

Rice production in West Bengal is spread across three seasons---aus, aman and boro. Kharif rice (aus and aman) alone accounts for about 70% of the state’s total rice production.West Bengal accounts for 14-16% of India’s rice production.

District

Rice Production

a) Bankura

5,07,000

b) Paschim Medinipore

17,18,000

c) Purba Medinipore

12,28,000

d) Hooghly

9,04,000

e) Purulia

2,61,000

f) Total

4,618,000

g) Total Rice Production in West Bengal

1,46,34,000

f as a % of g

31.55

Source : Economic Survey. 2011-12, West Bengal

Tighter global funding to weigh on emerging Asia - IMF

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1 of 2. A worker prepares bundles of rupiah bank notes in Bank Mandiri in Jakarta July 9, 2013.

Credit: Reuters/Supri/Files TOKYO | Wed Oct 30, 2013 7:41am IST

(Reuters) - Tightening external funding conditions will likely weigh on growth in emerging Asia, although weaker currencies and robust domestic demand may offset some of the pain, the International Monetary Fund's top official for Asia said on Wednesday."A faster than expected tightening of global funding conditions could substantially affect Asia, with a larger impact on economies with weaker fundamentals and higher exposures," IMF Asia-Pacific Department Director Anoop Singh said in a round-table session in Tokyo on the region's economic outlook.

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Singh said countries like India and Indonesia, which are reliant on foreign capital inflows and already experiencing elevated inflationary pressures, will likely need to tighten monetary policy further."India would need to take the steps that need to be taken to bring inflation down," Singh said after the Reserve of India's decision on Tuesday to tighten monetary policy."It doesn't only have to count on monetary policy," he said. "It's important that supply measures taken ... the government is trying to act on both fronts."On Japan, he said the government's decision to raise the sales tax to 8 percent from 5 percent next April has been a right move and must be followed by the second stage of tax increase in late 2015 that will bring the rate to 10 percent."As a next step, the government should outline a more specific fiscal plan" on how to achieve its goal of slashing the country's public debt-to-GDP ratio by 2020, he said.In its latest forecasts issued this month, the IMF expects emerging Asian growth of 6.3 percent this year followed by 6.5 percent next year, both lower than estimates made in April. (Reporting by Leika Kihara; Editing by Shinichi Saoshiro)

Basmati paddy may top Rs 5,500 a quintal soon OUR CORRESPONDENT KARNAL, OCT. 28:

The bullish trend in the rice market continued on Monday, with prices of aromatic and non-basmati varieties moving up by over Rs 50 a quintal.Higher paddy prices coupled with overseas export and domestic demand pushed rice prices up further, said Amit Kumar, proprietor of Ginni Rice. Market sentiments are still largely positive and it is hard to anticipate the levels where this rally will head towards, he said.According to the market experts, exporters are getting good demand from West Asia and US.This year, pure basmati paddy price has touched the levels of Rs 4,700 and it may touch Rs 5,500 a quintal in coming days, said market sources.In the physical market, New Pusa-1121 (steam) improved further by Rs 200 to Rs 8,100-8,200, while new Pusa-1121 (sela) went up by Rs 50 to Rs 7,550. Pusa-1509 (sela) quoted at Rs 6,050-6,250.

Pure Basmati (Raw) quoted at Rs 11,500, up Rs 500. Duplicate basmati (steam) moved up by Rs 300 to Rs 6,700.For the brokens of Pusa-1121, Dubar increased by Rs 300 to Rs 3,900, Tibar sold at Rs 4,500, while Mongra quoted at Rs 3,500.In the non-basmati section, Sharbati (Steam) went up by Rs 100 to Rs 4,650-4,700, while Sharbati (Sela) increased by 200 to Rs 4,600.Permal (raw) improved by Rs 125 at Rs 2,350-2,400 while

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Permal (sela) went up by Rs 100 to Rs 2,400 . PR-11 (sela) rose by Rs 200 to Rs 2,900 while PR-11 (Raw) quoted at Rs 3,000-3,100 , up Rs 300.Prices of PR14 (steam) increased by Rs 400 to Rs 3,100 .

PADDY ARRIVALS About 50,000 bags of PR paddy arrived and quoted at Rs 1,400-50, around 25,000 bags of Pusa-1121 arrived and sold at Rs 3,800, 10,000 bags of Sugandha at Rs 2,700, while 5,000 bags of Sharbati arrived and sold at Rs 2,350.Around 15,000 bags of Duplicate Basmati arrived and went for Rs 3,700 , while 500 bags of Pura Basmati sold at Rs 4,700 a quintal.

(This article was published on October 28, 2013) Keywords: basmati rice prices, non-basmati varieties, New Pusa-1121, Pura Basmati

Syria again seeks bids for rice and sugar with tendersOctober 29, 2013 12:24 AM BU DHABI: A Syrian state agency reissued two tenders Monday, seeking quantities of rice and sugar it has repeatedly tried and failed to obtain since June. The General Foreign Trade Organization said it was seeking to buy 276,000 tons of white sugar and 135,000 tons of short-grain rice in separate tenders citing extreme urgency.The deadline for sugar offers is Nov. 27, while that for rice is Nov. 26, according to tender documents.“These are the same tenders that we have announced before, the only thing that is different are the dates but the conditions remain the same,” a GFTO official told Reuters.“No purchases were made in the previous ones,” he said.This is the fourth time Syria is asking for the same amount of sugar and rice with the same conditions.

Traders have said Syria should relax its tender terms in light of the risk involved in doing business with a country embroiled in civil war, particularly the requirement to place a one million euro ($1.4 million) bid bond.A bid bond is a form of guarantee that tender participants must give to ensure they will deliver under the terms of their offer.Both tenders state payment can be arranged using Syrian funds frozen abroad. Traders have said they were uncertain whether they would become liable to pay the bid bond if there were problems with arranging finance from funds in the frozen bank accounts.Despite Syria’s struggle recently to buy food through government tenders seeking rice, sugar, flour and wheat, some deals struck through middlemen outside the tender process have been successful in securing food.

The Syrian state grain agency Hoboob said earlier this month it concluded a deal to import 500,000 tons of wheat, of which around 150,000 tons had arrived in Syria.The wheat deliveries are a signal that some bank accounts abroad are being freed up, with grain traders detecting a willingness from European governments to allow deals to go ahead on humanitarian grounds.The European Union, the United States and other Western

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countries have imposed sanctions on President Bashar Assad’s government over his crackdown on the revolt in the country.While sanctions do not target food, a financing freeze has hindered Syria’s ability to import food.

A version of this article appeared in the print edition of The Daily Star on October 29, 2013, on page 5.

Read more: http://www.dailystar.com.lb/Article.aspx?id=236082#ixzz2jByS9WbL (The Daily Star :: Lebanon News :: http://www.dailystar.com.lb)

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