14th August , 2014
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TOP Contents - Tailored for YOU Latest News Headlines…
Davis delivers first load of rice to Producers China’s Refusal of Cross-border Rice Shipments has 'Little Impact' Vietnamese rice prices hit 3-year high record Talks planned with China on rice exports Thai govt says likely to cut prices in state rice sales Nagpur Foodgrain Prices - APMC & Open Market- August 14 Improved food grain production figures bring hope in rain deficit year Procurement Price of Paddy Hiked 'Flexible' rice sales call
NEWS DETAILS: Davis delivers first load of rice to Producers The truckload of RiceTec XL-729 came from Brooks Davis, of D5 Farm, Inc. in Arkansas County. The grade No. 1 rice had a moisture level of 22 percent. Photo by Leigh Kreimeier/Stuttgart Daily LeaderThe truckload of RiceTec XL-729 came from Brooks Davis, of D5 Farm, Inc. in Arkansas County Wednesday. The grade No. 1 rice had a moisture level of 22 percent.
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STUTTGART — Producers Rice Mill, Inc. Dryer Managers Richard Turney and Morgan Alderson reported that they received the first truckload of green rice Wednesday afternoon for the 2014-2015 crop season at the Stuttgart facility. The truckload of RiceTec XL-729 came from Brooks Davis, of D5 Farm, Inc. in Arkansas County. The grade No. 1 rice had a moisture level of 22 percent.Mathew Davis, Brooks Davis’ son, brought
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the first load in last year on Aug. 21, 2013.
Super Rice Expected to Bring Bumper Harvest 2014-08-14 04:44:16 CRIENGLISH.com
Web Editor: Wang
Farmers plant the new hybrid rice breed in the experiment field in central China's Hunan Province. [File Photo: Xinhua/Zeng Yong]A new kind of hybrid rice developed in China is expected to achieve a target yield of a
thousand kilograms per mu, or 6070 kilograms per acre, this year. Yuan Longping, the leader of the development team, says the hybrid rice is growing quite well in test fields in central China's Hunan Province."I estimate that some rice fields will surpass the target this year. But whether we can achieve the target in a hundred mu depends on weather conditions and final-period management, like controlling plant diseases and insects. Right now we are still very hopeful."The 83-year-old scientist says he wants this new rice to reach its production target, commercially, before he's 90.Yuan, known as the "father of hybrid rice", started developing hybrids in the 1960s.His research team has reached the target yield in the first three phases of the current experiment, with each setting world records. Right now the fourth phase of experiment is being carried out in 13 Chinese provinces.
China’s Refusal of Cross-border Rice Shipments has 'Little Impact' 14 August 2014
Acessation of importing Vietnamese rice across the border has 'little impact' on the Southeast Asian country’s rice exporting activities.
Tuoitre News reported the Vietnamese rice sector had been concerned about reports that China would prohibit rice imports via the border with Vietnam starting early August, and the reported ban actually took effect late last week.Nguyen Cong Khanh, a trader who sells rice via the border to China, told trade newswire Vietnam Quality on 8th August that only official rice exports are accepted by the Chinese side.Cross-border trading is a legal international economic activity between people of two neighboring states.The products usually are traded in small volumes and values, and require less paperwork than the official trading activities. TheCropSite News Desk Rice, Markets/Economics, Risk Management, Policy, Import/Export
Vietnamese rice prices hit 3-year high record Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
Vietnamese rice prices hit 3-year high record HO CHI MINH CITY, Aug. 14 (Xinhua) -- Prices of Vietnamese rice for export hit three-year high record in July, ranging between 420- 465 U.S. dollars per ton (the highest is for 5-percent-broken rice) , reported the Vietnam Food Association (VFA) on its website on Thursday.In July, Vietnam exported 615,844 tons of rice, earning 264,607 million U.S. dollars (FOB price), with the average price of 429.67 U.S. dollars per ton, up 6.16 U.S. dollars/ton compared to the previous month.During January-July, the country exported over 3.6 million tons, worth over 1.5 billion U.S. dollars, with the average price of 431. 44 U.S. dollars per ton, up 2.43 U.S. dollars/ton compared to the same period last year.China was Vietnam's biggest rice importer in July, accounting for 32.15 percent of the market share, followed by the Philippines with 30.75 percent.The association attributed the rising prices to the sharply increasing price in the local market, low rice inventory and big purchase by the local rice exporters to complete their signed contracts with foreign partners. According to VFA, the country is expected to export 1.9 million tons of rice in the third quarter and 1.4 million tons in the fourth quarter of this year. Plus the exported amounts of over 3 million tons in the first half, this year's total export volume would be around 6.3 million tons. This excludes the cross-border rice exports to China which are not yet calculated, said the association.
Talks planned with China on rice exports Written byHtin Lynn AungPublished inTradeRead583 times Workers unload rice on the Yangon docks, in an image taken on June 6. Photo: Lynn Bo Bo/EPA
Myanmar has begun taking steps aimed at paving the way for rice exports to China, journalists were told at a briefing at the Yangon office of the Ministry of Commerce on August 12.The Minister of Commerce, U Win Myint, had told trade officials at the Chinese embassy earlier that day that Myanmar hoped to begin talks next month on a framework that would provide for legal rice exports, the journalists were told.
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The first part of the process would involve finalising an agreement with China on the administration of quality supervision, inspection and quarantine (AQSIQ), said spokespersons for the ministry and the Myanmar Rice Federation.“First we will get the AQSIQ signed and then we'll work on fixing the export quota,� said MRF secretary, U Ye Min Aung. The director-general of the Department of Trade Promotion at the Ministry of Commerce, U Toe Aung Myint, said that after the AQSIQ was signed and an export quota agreed, negotiations would begin on a free trade agreement.The briefing was told that the AQSIQ would also provide for the export of other crops to China. senior Trade Promotion Department official toldMizzima Business Weekly in May that some rice exports are permitted to China under a quota system it uses to encourage crop substitution and deter opium poppy cultivation. Exports that exceeded the quota were regarded as being illegal in China but show as legal border exports for Myanmar, he said. Last modified on Wednesday, 13 August 2014 18:34
Thai govt says likely to cut prices in state rice sales Thu Aug 14, 2014 3:32am GMT
* Military govt fails to sell rice in its first tender * Govt official says likely to cut floor price for future sales * Country has mammoth stockpiles after disastrous buying scheme By Apornrath Phoonphongphiphat BANGKOK, Aug 14 (Reuters) - Thailand's military government will likely cut the floor price for sales from the country's mammoth rice stocks after it failed to shift any grain in its first tender last week, a senior government official said on Thursday. The Southeast Asian nation is estimated to hold up to 18 million tonnes of rice in state stockpiles - almost twice what it used to export each year - after a disastrous buying scheme under the previous government.Global rice markets are looking for clues on the outlook for the stockpile, with any large sales likely to boost global supply and drag on regional prices for the staple grain. The military had halted rice sales while it checked how much grain was being held and what condition it was in.But last week it opened its first tender since the coup in May, looking to sell 167,000 tonnes above a minimum price that it had not disclosed to markets.More than 40 rice exporters, millers and domestic retailers joined the tender, with some saying they had bid at around $5-$15 per tonne lower than market prices. "The floor prices were unrealistically high and we are discussing cutting them to make rice tenders more flexible," said Duangporn Rodphaya, director-general of the Foreign Trade Department of the Commerce Ministry, which oversees rice stock sales. He did not disclose actual floor prices.The price of common grade Thai 5-percent broken rice was steady at $440 per tonne on Thursday, slightly below the same grade from Vietnam at $450-$455 a tonne."Lowering the floor price could help cut the government's burden and help exporters sell more at the same time, especially when Thai prices are competitive," said a Bangkok-based trader. Thai rice prices fell around 20 percent in the first half of the year to a low of $370 a tonne as the previous government was forced to offload some of its stocks to pay millions of farmers who had been owed money for months for grain sold to the scheme.Prices rebounded in June when the military government ordered
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a halt of the sales and called for a nationwide stock inspection.After nearly completing that review, the government has found that about 20 percent of the stocks were missing or rotten, said a member of the rice inspection committee. (Editing by Joseph Radford)
Nagpur Foodgrain Prices - APMC & Open Market- August 14 Thu Aug 14, 2014 3:48pm IST Nagpur, Aug 14 (Reuters) - Gram and tuar prices in Nagpur Agriculture Produce and Marketing Committee (APMC) recovered on increased demand from local millers amid weak supply from producing regions. Poor monsoon in this season in all over the region, good rise in Madhya Pradesh pulses and weak overseas supply also boosted prices, according to sources
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FOODGRAINS & PULSES GRAM * Gram varieties ruled steady in open market but demand was poor in weak trading activity.
TUAR * Tuar gavarani firmed up in open market on renewed festival season demand from local traders amid tight supply from producing belts.
* Moong Chamki best zoomed up in open market on good seasonal demand from local traders and restricted arrival from producing regions.
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* In Akola, Tuar - 4,800-5,000, Tuar dal - 6,400-6,800, Udid at 7,200-7,300, Udid Mogar (clean) - 8,000-8,500, Moong - 7,000-7,400, Moong Mogar (clean) 8,400-9,100, Gram - 2,500-2,600, Gram Super best bold - 3,700-3,900 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
Available prices
Gram Auction
2,300-3,090
Gram Pink Auction Tuar Auction
n.a.
2,210-3,000 2,100-2,600
4,530-4,850
Moong Auction
4,400-4,850
n.a.
Udid Auction
4,300-4,600
n.a.
Masoor Auction
4,300-4,500
n.a.
Gram Super Best Bold Gram Super Best
Previous close
2,600-2,800
3,900-4,200
3,900-4,200
n.a.
Gram Medium Best
3,500-3,700
3,500-3,700
Gram Dal Medium
n.a.
Gram Mill Quality
3,450-3,550
3,450-3,550
Desi gram Raw
2,900-2,975
2,900-2,975
Gram Filter new Gram Kabuli
3,300-3,600 8,000-9,500
n.a.
3,300-3,600 8,000-9,500
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Gram Pink
7,200-7,400
Tuar Fataka Best
7,200-7,400
7,200-7,400
Tuar Fataka Medium
7,200-7,400
6,800-6,900
Tuar Dal Best Phod
6,800-6,900
6,400-6,600
Tuar Dal Medium phod
6,400-6,600
5,900-6,200
5,900-6,200
Tuar Gavarani
5,150-5,250
5,100-5,200
Tuar Karnataka
5,200-5,300
5,200-5,300
Tuar Black
8,200-8,500
Masoor dal best
8,200-8,500
6,500-6,600
Masoor dal medium Masoor
6,150-6,350
n.a.
6,150-6,350
n.a.
Moong Mogar bold
9,500-9,800
Moong Mogar Medium best Moong dal super best Moong dal Chilka
6,500-6,600
9,500-9,800
8,500-8,800
7,600-7,800 7,500-7,700
Moong Mill quality Moong Chamki best
n.a.
8,500-8,800
7,600-7,800 7,500-7,700
n.a.
8,100-9,200
8,000-9,100
Udid Mogar Super best (100 INR/KG) 8,500-8,800 Udid Mogar Medium (100 INR/KG) 7,400-7,800 Udid Dal Black (100 INR/KG) Batri dal (100 INR/KG) Lakhodi dal (100 INR/kg) Watana Dal (100 INR/KG)
5,600-6,600
4,000-5,000 2,850-3,000 3,250-3,500
8,500-8,800 7,400-7,800
5,600-6,600
4,000-5,000 2,800-2,950 3,250-3,500
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Watana White (100 INR/KG)
3,500-3,600
3,500-3,600
Watana Green Best (100 INR/KG) 4,900-5,300 Wheat 308 (100 INR/KG)
1,200-1,500
4,900-5,300
1,200-1,500
Wheat Mill quality(100 INR/KG) 1,650-1,750 Wheat Filter (100 INR/KG)
1,650-1,750
1,300-1,500
1,300-1,500
Wheat Lokwan best (100 INR/KG) 2,100-2,450
2,100-2,450
Wheat Lokwan medium (100 INR/KG) 1,850-2,050 Lokwan Hath Binar (100 INR/KG) n.a.
1,850-2,050
n.a.
MP Sharbati Best (100 INR/KG) 2,800-3,200
2,800-3,200
MP Sharbati Medium (100 INR/KG) 2,150-2,500
2,150-2,500
Wheat 147 (100 INR/KG)
1,200-1,400
1,200-1,400
Wheat Best (100 INR/KG)
1,600-1,900
1,600-1,900
Rice BPT (100 INR/KG)
2,800-3,200
2,800-3,200
Rice Parmal (100 INR/KG)
1,600-1,800
1,600-1,800
Rice Swarna old (100 INR/KG) Rice HMT (100 INR/KG)
2,300-2,600
2,300-2,600
3,800-4,000
4,000-4,200
Rice HMT Shriram (100 INR/KG) 4,800-5,600
4,800-5,600
Rice Basmati best (100 INR/KG) 10,400-13,000
10,400-13,000
Rice Basmati Medium (100 INR/KG) 7,300-10,000 Rice Chinnor (100 INR/KG) Jowar Gavarani (100 INR/KG) Jowar CH-5 (100 INR/KG)
5,200-5,600 1,300-1,500 1,600-1,700
7,300-10,000
5,200-5,600 1,300-1,500 1,600-1,700
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WEATHER (NAGPUR) Maximum temp. 33.2 degree Celsius (91.7 degree Fahrenheit), minimum temp. 24.2 degree Celsius (75.6 degree Fahrenheit) Humidity: Highest - n.a., lowest - n.a.. Rainfall : 0.2 mm FORECAST: Generally cloudy sky. Rains or thunder-showers likely. Maximum and Minimum temperature likely to be around 34 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.)
Improved food grain production figures bring hope in rain deficit year Vishwa Mohan, TNN | Aug 14, 2014, 09.13PM IST NEW DELHI: Backed by good Monsoon last year, India improved its record of highest ever food-grain production for the crop year 2013-14 a bit further with the government's latest estimate on Thursday revising it to 264.77 million tones. Releasing its latest estimate of food-grain production for the crop year 2013-14 ended in June, the agriculture ministry said, "India has produced 264.77 million tones of food-grain this year as compared to 257.13 million tones in the previous year". The latest estimate has, in fact, revised its previous estimate which was released on May 16 when the agriculture ministry had expected to touch the record figure of 264.28 million tones. The revised production figures of rice, wheat, maize and coarse cereals may give a sense of relief to the government at the time when it has been on its toes with its contingency plan to ward off expected deficit in production during 2014-15. "Good food-grain production will give the government enough elbow room to deal with shortage in the face of 'deficient' Monsoon rainfall this year. Fresh figures will help in further expanding the existing buffer stock beyond 57.38 million tones", said an official. Though the Indian Meteorological Department (IMD) has, so far, ruled out the possibility of drought due to "deficient" Monsoon this year, the deficit in rainfall will certainly have its impact on production of Kharif crop (primarily rice). Sowing of Kharif crops, however, showed a steady increase with improvement of rains this week. But the total sown area is still less than the corresponding period last year. The ministry's report on Thursday said, "The total sown areas as on August 14 stands at 876.70 lakh hectare as compared to 928.03 hectare at this time last year". Though the gap is not much at this juncture, the fate of the standing crops will depend on distribution and intensity of rains during remaining 45 days of the current Monsoon season.
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The ministry in its latest estimate revised the wheat production to 95.91 MT as against 95.85 MT in the previous estimated released in May. Similarly, rice output has been raised to 106.54 MT from 106.29 MT pegged in May. "Record production has also been achieved in the case of pulses like tur (3.29 MT) and gram (9.88 MT)", said the ministry while pegging the overall production of pulse at 19.27 MT. The revised production took into account Kharif crops of the year 2013 and Rabi crops of the year 2013-14. PRODUCTION ESTIMATE FIGURES FOR 2013-14: Total food grains - 264.77 million tonnes Rice - 106.54 million tonnes Wheat - 95.91 million tonnes Coarse Cereals 43.05 million tonnes Maize - 24.35 million tones Pulses - 19.27 million tones Tur - 3.29 million tonnes Urad - 1.51 million tonnes Moong - 1.50 million tonnes Gram - 9.88 million tonnes Oilseeds - 32.87 million tonnes Soyabean - 11.98 million tonnes Groundnut - 9.67 million tonnes Rapeseed & mustard - 7.96 million tonnes Cotton - 36.59 million bales (of 170 kg each) Sugarcane - 350.02 million tonnes
Procurement Price of Paddy Hiked By Express News Service
Published: 14th August 2014 06:00 AM Last Updated: 14th August 2014 08:59 AM THIRUVANANTHAPURAM : The Cabinet on Wednesday decided to increase the paddy procurement price to Rs 19 from the beginning of the second season of 2013-14.The government will have an additional financial burden of Rs 6.3 cr due to this decision, said the Chief Minister during the post-Cabinet media briefing. It was on March 3, 2014 that the procurement price was increased to Rs 19 from the existing Rs 18.n Wednesday, the Cabinet decided to give Rs 19 to paddy procured before this date in the second season. Onam Kits for ST Families The government will provide Onam kits to 1.48 lakh Scheduled Tribe families in the state this year.An amount of Rs 8.25 crore would be sanctioned from the Chief Minister’s Disaster Relief Fund to the Civil Supplies Corporation to issue kits with 10 kgs of rice and six grocery items, the Chief Minister said. Directions were issued to the Director of Scheduled Tribes Development Department to meet the expenditure for transporting these kits. Nod for 2 Courses The government decided to sanction two courses - Diploma in Civil Engineering and Diploma in Mechanical Engineering - at Chelakkara Government Polytechnic this year. As many as 11 posts were also created for the purpose. Innovation Council The Cabinet on Wednesday constituted the State Innovation Council with former Chief Secretary Jose Cyriac as the chairman.
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'Flexible' rice sales call Panel asked to amend auction conditions Published: 14 Aug 2014 at 06.00 | Viewed: 5,265 | Comments: 0 Newspaper section: Business Writer: Phusadee Arunmas
Authorities are preparing to propose that the junta amend certain conditions concerning the auction of state rice stocks to make it more enticing to potential buyers. Rice sales in the local market is one thing, but the military-appointed government heads are finding it a little different from selling rice in competitive overseas markets. The proposal came after the government failed to sell all the rice it put up for general auction last week. The National Council for Peace and Order last Thursday put 167,000 tonnes of rice from state stocks up for auction, the first lot to go under the hammer since sales were halted when the military took control on May 22. The bidding drew an active response from potential buyers, but managed to secure deals for only tens of thousands of tonnes. More details are not yet available. Authorities put the failure down to the relatively low offers proposed by bidders. Duangporn: The government will ensure grain quality.. Last week's auction drew 46 small, medium-sized and large exporters, millers and rice packers, but most of them proposed buying prices below the floor prices set by the panel handling rice sales.Under the current floor price condition, the panel has imposed only floor prices. The figures were not disclosed. Duangporn Rodphaya, director-general of the Foreign Trade Department, said Wednesday the panel handling rice sales will be asked to amend the condition to "a price range" basis to make it more flexible. She also insisted the government will sell the stocks with no mixture with low-quality grain. Charoen Laothamatas, president of the Thai Rice Exporters Association (TREA), said most bidders last week offered prices which were deemed reasonable and close to market prices. For instance, he said, the bidders offered to buy Hom Mali fragrant rice at 28.50 baht per kilogramme which is much higher than 23-25 baht sold during the previous government, while offers for white rice were 11-11.50 baht per kg compared with 8-9
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baht. "The offers are considered realistic enough, as the rice put up for auction is sold at the ex-warehouse price in which the buyers have to bear the cost of transportation, sacks and labour," he said. "Moreover, the bidders have to pay withholding tax at 1% of the value of the rice they buy plus export tax at 0.75% of the export value if the grain is slated for exports." According to Mr Charoen, during the period that the government failed to sell off its rice stocks the overall rice market is expected to become sluggish over the next couple of days. He said another contributing factor is Vietnam's tightened control on its cross-border shipments to China to prevent rice smuggling, causing Vietnam's prices to significantly drop.Vietnam's 5% white rice is now quoted at only US$450 a tonne, almost equivalent to the prices of Thai white rice.he country exported 3.62 million tonnes of rice in the first seven months of the year, down from 4.06 million tonnes in the same period last year, according to the Vietnam Food Association. In contrast, Thai exports were up 60% at 4.7 million tonnes in the first six months compared with the same period last year, according to the Thai Rice Exporters Association."The market changes very fast, we need to wait and see how the military administration handles the rice sales." Mr Charoen said the Philippines is also due to call a bid to buy a new lot of 500,000 tonnes of 25% white rice on Aug 27, while Malaysia wants to buy an additional 200,000 tonnes of rice and Indonesia needs at least 200,000 tonnes. The junta last month vowed to sell an average of 500,000 tonnes a month from existing state stocks and dispose of the existing 18-milliontonne surplus within three years through four channels. Those channels are general auctions, government-togovernment sales, direct sales and via the Agricultural Futures Exchange of Thailand.
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