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

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Daily Global Rice E-Newsletter by Riceplus Magazine

Rice E-Newsletter March 04 , 2015 V o l u m e 5, Issue I

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 www.ricepluss.com R&D Section: Riceplus Magazine

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Daily Global Rice E-Newsletter by Riceplus Magazine 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

1

Amreli (Gujarat)

Other

1425

1650

2

Gumla (Jharkhand)

Other

2200

2700

3

Aklera(Rajasthan)

Other

1310

1430

1

Aroor (Kerala)

Other

5800

6000

2

Karanjia(Orissa)

Other

4000

4500

3

Haldwani(Uttrakhand)

Other

2800

5000

1

Aroor (Kerala)

Other

2200

2400

2

Banki (Orissa)

Other

1200

1500

3

Ateli(Haryana)

Other

1050

1150

Wheat

Apple

Brinjal

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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Daily Global Rice E-Newsletter by Riceplus Magazine 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

1

Greek provincial, CIF UK (USD/t)

1552

2

Greek Vostizza, CIF UK (USD/t)

1666

1

DCE Corn Futures (USD/t)

363

2

NYSE Liffe Corn Futures (USD/t)

166

3

ITOCOM Corn Futures (USD/t)

199

Currants

Corn/Maize

Source:agra-net

for more products

Other International Prices

Unit Price : US$ / package Price on 03-03-2015

Product

Market Center

Origin

Variety

Low

Onions Dry

High Package: 50 lb sacks

1

Atlanta

2

Baltimore

3

Chicago

Mexico

Yellow

14

14.50

New York

Yellow

13

13

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

2

Baltimore

Peru

Red Globe

28

30.50

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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Daily Global Rice E-Newsletter by Riceplus Magazine 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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Daily Global Rice E-Newsletter by Riceplus Magazine http://blogs.wsj.com/indonesiarealtime/2015/03/03/traders-to-blame-for-spike-in-rice-pricessaysofficial/?KEYWORDS=agriculture&utm_source=USA+Rice+Daily%2C+March+4%2C+2015& utm_campaign=Friday%2C+December+13%2C+2013&utm_medium=email

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 www.ricepluss.com R&D Section: Riceplus Magazine

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Daily Global Rice E-Newsletter by Riceplus Magazine 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 offseason 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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Daily Global Rice E-Newsletter by Riceplus Magazine 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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Daily Global Rice E-Newsletter by Riceplus Magazine 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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Daily Global Rice E-Newsletter by Riceplus Magazine 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-thephilippines/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.

MLG/LDP Rate

World Price 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

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Price

Page 10

Net Change

Contact for Newsletter Advertisement mujahid.riceplus@gmail.com Cell : +92 321 3692774

Daily Global Rice E-Newsletter by Riceplus Magazine

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 www.ricepluss.com R&D Section: Riceplus Magazine

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Daily Global Rice E-Newsletter by Riceplus Magazine

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.

Fred Zaunbrecher (l) and Byron Holmes know promotion opportunities when they see them

This is good news for the rice industry, as U.S.-grown rice is sodiumand cholesterol-free, contains no trans fats or saturated fats, is glutenfree, 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

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