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4th June , 2014

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TOP Contents - Tailored for YOU Latest News Headlines…         

Govt to spend Rp 18.8 trillion on rice subsidies Thai rice exporters say top ranking regained The Thai Rice Exporters Association said it expects the country to export 9 million tonnes of rice in 2014, 20 per cent more than the previously-estimated 7.5 million tonnes Exporters call for creation of Rice Board Thai exporters raise 2014 rice export forecast to 9 mln tonnes Bangladesh grain imports likely to rise 22 pct in 2014/15-state buyer Nagpur Foodgrain Prices Open- June 04 CCC Announces Prevailing World Market Prices CME Group/Closing Rough Rice Futures

News Detail… Govt to spend Rp 18.8 trillion on rice subsidies The Jakarta Post, Jakarta | National | Wed, June 04 2014, 8:41 AM

The government has decided to reform its rice for the poor (raskin) program for the 16th consecutive year by trialling access to the program through the possession of a Social Protection Card (KPS).Safri Burhanuddin, the assistant deputy of social benefits for the Office of the Coordinating People’s Welfare Minister, said on Tuesday that under the improved program, the government would only sell subsidized rice to the bottom 25 percent of earners.“The raskin rice is meant to benefit poor and economically vulnerable households. It is not to supposed to be distributed to middle-class families,” he said. This year, the government is expected to spend about Rp 18.8 trillion (US$1.6 billion) on the program, which will support 15.5 million qualifying households. Participating families would pay just Rp 1,600 per kilogram of rice.Under the reformed program, the government has developed a distribution mechanism that uses the KPS to determine household eligibility.“By using the KPS, the government is attempting to ensure that the monthly deliveries of 15 kg of rice go to those who really need it,” he said.The KPS is an identity card that allows poor families to access a number of social welfare programs.Recognizing the potential for social mobility, the government

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has strived to update its database of household information through village council meetings.Sarwat Fardaniyah, subdivision head of identification and analysis at the Social Affairs Ministry’s directorate of rural poverty reduction, said that the village meetings would verify the list of beneficiary households and replace those that were no longer entitled to the program with others in need.Sarwat blames irregularities in recent years on the lack of engagement in monitoring and logistics funding among regional administrations.“Due to a lack of transportation and buying power, there are two regencies that have declined to use the raskin program,” Sarwat said, referring to Mukomuko in Bengkulu province, and Malinau in North Kalimantan province.

The government elected to reform the program in response to a probe by the Corruption Eradication Commission (KPK) into the program’s irregularities, the results of which were announced last April.Earlier, Coordinating People’s Welfare Minister Agung Laksono had said that the government would come up with an action plan to jump start a redesign of the raskin program within 30 days of the KPK’s probe results.Even so, Safri said that the reform initiative was carried out independent of the KPK’s findings. “[All the issues] the KPK raised are well known, but they are still interesting to note,” he said. (tjs)

Thai rice exporters say top ranking regained 1:00 AM Thursday Jun 5, 2014

BANGKOK (AP) Thailand's rice association said Wednesday the country has regained its spot as the world's top rice exporter by volume, after sliding behind India and Vietnam last year due to a failed subsidy and stockpiling policy.The news website of the state-owned Mass Communications Organization of Thailand said the country exported 3.93 million tons of rice from January to May 20. It cited Thai Rice Exporters Association president Charoen Laothamatas.The report said India exported 3.74 million tons in the same period and Vietnam exported 2.4 million tons.Thailand's former government, ousted by a coup last month, implemented a program to buy rice from farmers at above market prices.As the top rice exporter, Thailand hoped to control the market and push prices up. But India and Vietnam increased exports, which prompted stockpiling by Thailand as it tried to contain losses from its subsidy policy aimed at boosting rural incomes.It's unclear if Thailand will maintain the top exporter spot for the whole year.The U.N. Food and Agriculture Organization forecast in April that Thailand will export 8.7 million tons in 2014, behind India at 9.5 million tons.Despite higher export volumes, Thai rice is commanding a lower price on world markets than other major exporters. The price is constrained by Thailand's large stockpile and questions about quality due to holding the grain in storage for longer than usual.Rice

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association data shows Thai 5-percent grade rice is fetching an average of $390 a ton compared with $405 a ton for Vietnam and $435 a ton for India.

The Thai Rice Exporters Association said it expects the country to export 9 million tonnes of rice in 2014, 20 per cent more than the previously-estimated 7.5 million tonnes BANGKOK: The Thai Rice Exporters Association on Wednesday raised the forecast for rice exports as the end of the state pledging scheme would help bring down prices.The association said it expects the country to export 9 million tonnes of rice in 2014. This is 20 per cent more than the previously-estimated 7.5 million tonnes.Rice exports fell in Thailand after the deposed government in October 2011 began buying rice from farmers at above market price, making export rates uncompetitive.India overtook Thailand as the world’s top rice exporter in 2012 as the scheme, which was meant to help poor farmers, caused a hike in export prices. The price of Thai 5-per cent broken rice reached US$650 per tonne in October 2011 while India was selling the grain overseas at far lower rates.The Thai grain is now selling at between US$380 and US$385, while Vietnamese rice costs US$400-US$405.Some 800,000 farmers were owed payment for months after the rice pledging scheme ran into financial trouble.The scheme ended in February this year.Thailand’s current military junta began paying money owed to the farmers after it seized power in a coup. File photo: Thai farmers harvest rice in a field in Thailand's southern Narathiwat province. (AFP/MADAREE TOHLALA)

Exporters call for creation of Rice Board PETCHANET PRATRUANGKRAI THE NATION June 5, 2014 1:00 am

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THE THAI RICE Exporters Association (TREA) yesterday proposed to the National Council for Peace and Order the setting up of an independent "Rice Board", comprising representatives from all involved to set up rice management policies and development plans for promoting sustainable growth of the industry. The proposal was made following expectations that the military government would not intervene in the market mechanism any longer, as it has created huge losses for the country as well as destroyed rice exporters' competitiveness.The association also believes that Thailand will reclaim its crown as the world's largest rice exporter this year with expected export volume of 9 million tonnes, higher than the previous projection in January of 7.5 million tonnes due to the lower price of Thai rice and lower export competition from India and Vietnam in the short run.

Association president Charoen Laothamatas said that to increase efficiency of the rice industry management and ensure fair benefit to all involved, an independent Rice Board should be set up. The panel should be free from the impact of political changes so that the Thai rice industry could be developed without any intervention, despite changes in government.The panel should involve representatives from farmers, millers, local traders, exporters, academics, and representatives from government agencies. The panel should have full authority to draw up policies and increase the role of the market mechanism but should not intervene in the market system, he said.Charoen said that Thailand had learnt a valuable lesson from market intervention by setting a high pledging price. The government has faced huge losses from pledging and is left with enormous stockpiles, while the rice trading system has been destroyed.

The government should no longer set up any subsidy project as it has destroyed both farmers and traders.He pointed out that without subsidy measures, the government could save at least Bt45 billion to Bt50 billion to help farmers with other long-term measures such as reducing the cost of production.To manage rice output in the upcoming harvest season second crop and the 2014-15 main crop harvest season, Charoen said the government could negotiate for selling rice in the futures market on export overseas so that farmers will have exact market and gain stable rice price.TREA honorary president Korbsook Iamsuri said that Thailand needs to have a clear roadmap to develop the rice industry from upstream to downstream with no political intervention.She said that the current National Rice Policy Committee has no efficiency to manipulate the rice industry, as it comprises only representatives from the government sides.

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The National Rice Policy Committee should be under the Rice Board as the board would not depend on politics and would focus only on industry development.The Rice Board could be set up under the Act so that in future politicians would not intervene in the rice industry as in the past, she added.Chookiat Ophaswongse, honorary president of the association, said that Thai rice exports this year would reach 9 million tonnes, worth about US$4.75 billion (Bt150 billion).Export volume has increased largely this year as the price of Thai rice has fallen gradually because the market is aware that the Thai government holds giant stockpiles and needs to release them continuously. The export value will not increase as much as the volume due to the low price of Thai rice. The average price per tonne of Thai rice is expected at $510 a tonne, compared with $620 a tonne last year, said Chookiat.However, the price of Thai rice has already bottomed out in recent months. The association foresees that the price of Thai rice is expected to increase slightly in the following months by about 10 per cent or $2030 a tonne. Vichai Sriprasert, another honorary president, said the pledging project had not only created huge losses to the country, but also destroyed farmers in the long run. The price of paddy rice in the local market has dropped sharply from Bt11,000 a tonne during pledging to only Bt7,000 a tonne now.

Thai exporters raise 2014 rice export forecast to 9 mln tonnes 20130702_ThaiRice.jpg Reuters Wednesday, Jun 04, 2014 BANGKOK- The Thai Rice Exporters Association said on Wednesday it expected the country to export 9 million tonnes of rice in 2014, up from its forecast of 7.5 million tonnes made early this year."It is because the current Thai government doesn't have any intervention programme and that allows the market mechanisms to work freely. As a result, Thai rice prices have gone lower than those of competitors," Charoen Laothamatas, president of the association, told Reuters.Thailand exported 6.6 million tonnes in 2013, down from 6.9 million tonnes in 2012, when the country lost its crown as the world's biggest rice exporter to India.Exports slumped after the government of former Prime Minister Yingluck Shinawatra started buying rice from farmers at a price way above the market level from October 2011, which made export prices uncompetitive.

Bangladesh grain imports likely to rise 22 pct in 2014/15-state buyer (Reuters) - Bangladesh's grain imports are likely to rise 22 percent to 1.1 million tonnes in the financial year beginning in July, the head of the state grains buyer said on Wednesday.The state grains purchasing agency will

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import 900,000 tonnes of wheat and 200,000 tonnes of rice in the 2014/15 year to ensure food security, said Ahmed Hossain Khan at the Directorate General of Food. In addition, the government will procure 1.5 million tonnes of rice locally."This target has been set for the coming fiscal year but it may be changed depending on the food situation," Khan told Reuters.In the current fiscal year, the state buyer imported 900,000 tonnes of wheat, including 200,000 tonnes in a government-to-government deal with Ukraine, but no rice was imported. (Reporting by Ruma Paul; Editing by Muralikumar Anantharaman)

Nagpur Foodgrain Prices Open- June 04 Wed Jun 4, 2014 3:22pm IST Nagpur, June 4 (Reuters) - Gram and tuar prices in Nagpur Agriculture Produce and Marketing Committee (APMC) recovered strongly here on renewed demand from local millers amid weak supply from producing regions because of pre-monsoon rains in parts of Vidarbha. Sharp rise in gram on NCDEX, weak overseas arrival and reported demand from South-based millers also boosted prices, according to sources. * * * * FOODGRAINS & PULSES GRAM * Desi gram declined further in open market on lack of demand from local traders amid release of stock from stockists. TUAR * Tuar gavarani and tuar Karnataka firmed up in open market on renewed seasonal demand from local traders amid tight supply from producing belts. * Moong Chamki shot up in open market on renewed demand from local traders amid thin supply from producing regions. * In Akola, Tuar - 4,100-4,300, Tuar dal - 6,300-6,500, Udid at 6,500-6,800, Udid Mogar (clean) - 7,600-8,100, Moong - 8,000-8,200, Moong Mogar (clean) 9,200-10,000, Gram - 2,400-2,600, Gram Super best bold - 3,300-3,600 for 100 kg. * 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 Gram Auction

Available prices Previous close 2,300-2,520 2,280-2,460

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Gram Pink Auction n.a. 2,100-2,600 Tuar Auction 5,000-5,200 4,800-4,900 Moong Auction n.a. 5,200-5,500 Udid Auction n.a. 4,300-4,500 Masoor Auction n.a. 2,600-2,800 Gram Super Best Bold 3,850-4,000 3,850-4,000 Gram Super Best n.a. Gram Medium Best 3,500-3,700 3,500-3,700 Gram Dal Medium n.a. n.a. Gram Mill Quality 3,300-3,400 3,300-3,400 Desi gram Raw 2,500-2,650 2,600-2,700 Gram Filter new 3,200-3,400 3,200-3,400 Gram Kabuli 8,500-10,500 8,500-10,500 Gram Pink 7,700-8,100 7,700-8,100 Tuar Fataka Best 6,400-6,600 6,400-6,600 Tuar Fataka Medium 6,200-6,300 6,200-6,300 Tuar Dal Best Phod 5,700-5,900 5,700-5,900 Tuar Dal Medium phod 5,300-5,600 5,300-5,600 Tuar Gavarani 4,350-4,450 4,300-4,400 Tuar Karnataka 4,250-4,350 4,200-4,300 Tuar Black 7,600-7,900 7,600-7,900 Masoor dal best 6,200-6,400 6,200-6,400 Masoor dal medium 6,000-6,200 6,000-6,200 Masoor n.a. n.a. Moong Mogar bold 9,600-10,200 9,600-10,200 Moong Mogar Medium best 8,900-9,400 8,900-9,400 Moong dal super best 9,000-9,400 9,000-9,400 Moong dal Chilka 8,800-9,200 8,800-9,200 Moong Mill quality n.a. n.a. Moong Chamki best 8,200-9,500 8,000-9,100 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) 4,000-5,000 4,000-5,000 Lakhodi dal (100 INR/kg) 3,000-3,100 3,000-3,100 Watana Dal (100 INR/KG) 3,350-3,450 3,350-3,450 Watana White (100 INR/KG) 3,600-3,700 3,600-3,700 Watana Green Best (100 INR/KG) 4,900-5,400 4,900-5,400 Wheat 308 (100 INR/KG) 1,200-1,600 1,200-1,600 Wheat Mill quality(100 INR/KG) 1,300-1,600 1,300-1,600 Wheat Filter (100 INR/KG) 1,300-1,500 1,300-1,500 Wheat Lokwan best (100 INR/KG) 2,000-2,150 2,000-2,150

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Wheat Lokwan medium (100 INR/KG) 1,700-1,800 1,700-1,800 Lokwan Hath Binar (100 INR/KG) n.a. n.a. MP Sharbati Best (100 INR/KG) 2,800-3,000 2,800-3,000 MP Sharbati Medium (100 INR/KG) 2,200-2,700 2,200-2,700 Wheat 147 (100 INR/KG) 1,100-1,400 1,100-1,400 Wheat Best (100 INR/KG) 1,700-2,000 1,700-2,000 Rice BPT (100 INR/KG) 3,600-4,000 3,600-4,000 Rice Parmal (100 INR/KG) 1,900-2,100 1,900-2,100 Rice Swarna old (100 INR/KG) 3,000-3,200 3,000-3,200 Rice HMT (100 INR/KG) 3,800-4,100 3,800-4,100 Rice HMT Shriram (100 INR/KG) 4,600-5,400 4,600-5,400 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) 5,500-5,800 5,500-5,800 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. 42.4 degree Celsius (108.3 degree Fahrenheit), minimum temp. 26.9 degree Celsius (80.4 degree Fahrenheit) Humidity: Highest - 69 per cent, lowest - 27 per cent. Rainfall : 0.0 mm FORECAST: Partly cloudy sky. Maximum and Minimum temperature likely to be around 45 and 25 degree Celsius respectively. Note: n.a.--not available (For oils, transport costs are excluded from plant delivery prices, but included in market prices.)

Farm Bill Enrollment Decisions Made Easier with Online Educational Tools Looking for answers online. (USDA photo) WASHINGTON, DC -- Last week, Agriculture Secretary Tom Vilsack announced that the U.S. Department of Agriculture (USDA) is awarding $6 million to universities and cooperative state extension services to develop online decision tools and other education materials and to train extension personnel to educate producers about key farm bill programs. The goal is to help farmers and ranchers make sound decisions about base reallocations, yield updates, and what 2014 Farm Bill programs make the most sense for their specific situation.

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The Agricultural and Food Policy Center (AFPC) at Texas A&M, the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri, and the University of Illinois will share $3 million to develop and launch educational tools to assist farmers and ranchers in making enrollment decisions for the Agriculture Risk Coverage (ARC) program and the Price Loss Coverage (PLC) program. "Helping farmers and ranchers understand new Farm Bill programs and what the programs mean for their families is one of USDA's top priorities," said Vilsack. "With the resources we're providing, university experts will help ensure farmers and ranchers are highly educated as they make critical decisions about new programs. The new tools will empower farmers and ranchers to select the plan that best fits their unique needs." "For many years, the USA Rice Federation and AFPC have been collaborating on economic and farm policy analysis for the rice industry," said Reece Langley, USA Rice vice president of government affairs. "We appreciate the strong working relationship our industry has with AFPC and are pleased they will be part of the team developing this important decision making tool for producers. We look forward to working with them to ensure that our members utilize this valuable tool." Langley said producers can find a helpful worksheet on the AFPC website that will need to be filled in prior to using the educational tool. Contact: Lauren Echols, (703) 236-1444

CCC Announces Prevailing World Market Prices WASHINGTON -- The Department of Agriculture's Commodity Credit Corporation todayannounced 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 2013 crop, which became effective today at 7:00 a.m., Eastern Time (ET). Prices are unchanged from the previous announcement. World Price

MLG/LDP Rate

Milled Value ($/cwt)

Rough ($/cwt)

Rough ($/cwt)

Long-Grain

17.52

11.50

0.00

Medium-/Short-Grain

17.18

11.76

0.00

Brokens

12.00

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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

57.94/11.23

6.65

Medium-/Short-Grain

63.26/7.45

6.58

The next program announcement is scheduled for June 11.

CME Group/Closing Rough Rice Futures CME Group (Preliminary): Closing Rough Rice Futures for June 4

Month

Price

Net Change

July 2014

$14.225

- $0.325

September 2014

$13.935

- $0.200

November 2014

$14.060

- $0.200

January 2015

$14.190

- $0.200

March 2015

$14.345

- $0.205

May 2015

$14.345

- $0.205

July 2015

$14.345

- $0.205

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4th june,2014 daily global rice e newsletter by riceplus magazine