17th june,2017 daily global regional local rice e newsletter

17th June,2017 daily global Regional Rice E-newsletter by Riceplus magazine

Draft - Unedited Version www.riceplusmagazine.blogspot.com mujahid.riceplus@gmail.com

Bumper crop impact: As farmers reduce sale of oil seeds, edible oil imports rice A substantial reduction in sale of oilseeds by farmers has pushed up edible oil imports in past two months.

New Delhi | Published: June 17, 2017 3:05 AM

As per the data provided by SEA, during past five years, edible oils imports have seen growing trend on monthly basis but imports witnessed a decrease in the first five months this year.

A substantial reduction in sale of oilseeds by farmers has pushed up edible oil imports in past two months. This is largely on account of a bumper output of soyabean, mustard and groundnut, which has increased the availability of oilseeds for crushing in the country, and this has brought down the prices of seeds well below minimum support price (MSP). Though earlier it was expected that the bumper crop would lead to a drop in imports by at least 5-7%, industry sources are now predicting imports to be at the same level as last year.

It may be mentioned that as against MSP of Rs 2,775 per quintal, soyabean prices in June this year are ruling at Rs 2,550 per quintal while prices of rapeseed stand at Rs 3,250 against MSP of Rs 3,700 per quintal. Similarly, groundnut traded at Rs 3,500 as against MSP of Rs 4,220 per quintal.

“Less availability of oilseeds have increased the edible oil import in past two months. While crop size is big this year but as prices have gone down below MSP, farmers are not selling their oilseeds. Earlier, we had estimated lower imports but now it seems that we will match the last year‟s figure,” said B V Mehta, executive director of Solvent Extractors‟ Association (SEA).

However, Mehta also believes that farmers will commence selling in the near future which will enable edible oil producers to secure supply in coming months.

As per the data provided by SEA, during past five years, edible oils imports have seen growing trend on monthly basis but imports witnessed a decrease in the first five months this year. “Unfortunately, the trend has reversed again in the past two months on account of limited availability of seeds,” Mehta stated.

The country‟s total edible oils imports have been to the tune of 8.52 million tonnes in first seven months of current oil year as against 8.59 million tonnes in corresponding period last year. Import of vegetable oils during oil year 2015-16 (November to October) were reported at 14.74 million tonnes compared to 14.61 million tonnes for the same period of 2014-15.

SEA has estimated the country‟s kharif oilseeds production for 2016-17 at 29.35 million tonnes as against 24.07 million tonnes in 2015-16. Because of this huge production, oilseeds prices are ruling below MSP and as a result farmers are unwilling to sell. According to the edible oil industry, after two years of drought, the current year witnessed bumper oilseed production but the increase in production has not brought any cheer to farmers as prices have collapsed below the MSP. Atul Chaturvedi, chief executive officer of Adani Wilmar and president of SEA said, “Import duties on crude oils should be raised to 20% from a level of 7.5% on crude palm oil and 12.5% on soft oils with immediate effect. Import duty on refined oils should be raised to minimum 35% from 15% on palmolein and 20% on other refined oils. These decisions would have practically no effect on inflation

as edible oil availability in the world is very good on back of huge crops worldwide.�

You may also like to watch this video Earlier this month, SEA had made representation to the Centre and will again meet the officials to discuss the issue for the benefit of the farmers in the country.

According to Chaturvedi, if farmers donâ€&#x;t receive the expected return for their produces, they may even shift to other crops in coming kharif season.

By Vimukt Dave

http://www.financialexpress.com/economy/bu mper-crop-impact-as-farmers-reduce-sale-ofoil-seeds-edible-oil-imports-rice/722878/Spatial database of the world's rice production to address research and policy questions on food security Date: June 16, 2017 Source: University of Twente Summary: Rice is an important food source for a majority of the world population. Worldwide, on average around 60 kilograms of rice is consumed per year per person. Researchers from all over the world have developed the RiceAtlas: a spatial database that answers key questions like where, when and how much rice is grown globally. The database has just been made publicly available.

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Rice is an important food source for a majority of the world population.

Worldwide, on average around 60 kilograms of rice is consumed per year per person. Researchers from all over the world, including from the ITC Faculty of the University of Twente, have developed the RiceAtlas: a spatial database

that answers key questions like where, when and how much rice is grown globally. The database has just been made publicly available.

RiceAtlas consists of data on rice planting and harvesting dates by growing season and estimates of monthly production for all rice-producing countries. The database represents a long term global effort to collect, and continuously update, the most detailed information on rice calendars and production worldwide. This is an important dataset that is crucial for understanding the effects of policy, trade, and global and technological change on food security.

Spatial data for strategic planning and modelling Alice Laborte, scientist at the International Rice Research Institute (IRRI): "Several rice crop calendars exist. However, they do not adequately capture the spatial and temporal detail associated with rice production. With the help of collaborators from various countries, RiceAtlas has become the most comprehensive and detailed spatial database on global rice calendar and production."

Andy Nelson, Professor of Spatial Agriculture and Food Security at ITC, University of Twente: "We developed RiceAtlas to support strategic planning and modelling which require information on the where and when of rice. Making it a global public good serves the research and policy community but also means that RiceAtlas can be regularly improved through expert knowledge and contributions."

Sander J. Zwart, principal researcher at AfricaRice: "Strategic knowledge on the when and where of rice production supports the debate on food security and the development and implementation of policies across Africa. Experts from national institutes were consulted to contribute information to RiceAtlas that was before available only in national data bases and not shared with the greater public. RiceAtlas was already deployed to spatially analyse the impact of climate change on rice production in the different growing seasons."

The development of RiceAtlas is a global collaboration across institutions: the International Rice Research Institute, the Africa Rice Center, the Italian National Research Council, the International Food Policy Research Institute, the University of California, and the University of Twente; and was supported by the CGIAR Global Rice Science Partnership (GRiSP) and Policies, Institutions, and Markets (PIM), and the Global Futures Project.

Access the recently published paper in Nature Scientific Data and find out the methodology behind the most comprehensive and detailed spatial database on rice calendar and production to date.

Users are invited to suggest improvements and provide better data so that RiceAtlas remains the best source of contemporary rice calendar and production information.

https://www.sciencedaily.com/releases/2017/06/170616083124.htm

Trump Changes Course on Cuba; Impact to Ag Unclear

by Michael Klein

MIAMI, FL - For months USA Rice has been warning that some of President Trump's key economic advisors are decidedly anti-Cuba and could influence the otherwise pro-trade President to take an anti-trade stance with regard to the Island.

Those forces may have carried the day, at least for now, with the President expected to announce here today that he is asking the Commerce and Treasury Departments to take the next 30 days to rework some policies put in place by his predecessor, President Obama.

Specifically, there is expected to be a ratcheting down of travel allowances, or at least more

U.S. Rice Makes an Impression at the Friendly Culture Fair in Mexico

High traffic area

by Sarah Moran

MEXICO CITY, MEXICO - Last month, the U.S. Department of Agriculture's Agricultural Trade Office (ATO) in Mexico invited USA Rice to participate in the ninth edition of the "Feria Internacional de las Culturas Amigas" (International Fair of Friendly Cultures, or FICA). FICA is an annual 16-day cultural festival held in Mexico City to strengthen the international bonds between Mexico and the participating nations. The fair is free to the public and provides a vibrant atmosphere in which to experience various dynamic cultures. Attendees can veritably travel the world by visiting the tents of nearly 94 countries and savoring its food, traditions, art and music.

FICA is hosted by the Government of Mexico City and provides participating countries with a unique opportunity to display, educate about, and promote their culture. The 2017 edition of FICA was held in the most emblematic square in the country: the Zรณcalo (Mexico City Main Square). The gastronomic pavilion, one of the most popular areas of this Fair, was where USA Rice was stationed.

"USA Rice participated in this Fair for two days, conducting cooking demonstrations of traditional U.S. recipes using rice as the main ingredient," said Gaby Carbajal, USA Rice's promotion director for Mexico. "We created dishes such as Jambalaya and a rice cheesecake decorated as an American flag, that the visitors especially loved and identified with the United States."

Visitors to the USA Rice booth enjoyed rice tastings and received brochures, USA Rice booklets, USA Rice cookbooks, and other marketing materials.

According to the Government of Mexico, this year's festival had the highest attendance ever, with an average of 200,000 attendees each week day, 300,000 each weekend day, and a total of more than 4 million visitors throughout the entire event.

"Mexico is our top market in terms of value and volume, but we know Mexican per capita rice consumption isn't as high as it could or should be. Every activity we engage in here helps us reinforce our messages about rice as a healthy, affordable, versatile food, and encourages additional rice use," said Hugh Maginnis, USA Rice vice president, international. "With a greater than 90 percent market share, more rice use is, by definition, good for our industry."

Help Improve the USA Rice Website!

USA Rice is redesigning our website and needs your input. In exchange for your feedback, you'll be entered into a drawing for a $100 Visa gift card!

You have until next Friday, June 16, to complete a brief content sorting exercise where you'll be asked to organize a list of topics into groups that make sense to you.

10 yummy ways to use leftover rice Katherine Martinko (@feistyredhair) Living / Green Food June 15, 2017

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CC BY 2.0 Charles Haynes

One can never have too much rice!

I‟ll never forget the surprise on my aunt‟s face when she asked 11-year-old me what food I would take with me to a desert island. I said “white rice.” It wasn‟t the answer she was expecting, but I meant it, and would say the same thing today. I can‟t get enough of rice, especially basmati. I could eat it by the bowlful, every single day, with my slightly odd yet favorite combination of butter and tamari drizzled lightly over top.

I make rice at least three times a week to accompany vegetarian curries, Brazilian feijão, grilled vegetables, and tofu stir-fries. It‟s the perfect family food – cheap, filling, and nutritious – and my kids gobble it up. I make a big batch every time (2 cups of rice) because leftover rice always gets used. It‟s one of those convenient ingredients that can create a last-minute meal when there‟s little else in the fridge.

All this is to say, do not fear leftover rice! Here are some ideas for putting it to delicious use.

Make a rice bowl: A quick savory meal is a bowl of reheated rice (I stick it in the microwave) topped with an oily fried egg (pour in all the oil!), a scoop of kimchi, some thinly sliced scallions, and a dash of soy sauce. Other tasty toppings include smoked herring or sardines, tahini sauce, steamed vegetables, and fried tofu.

Turn it into pudding: Put equal parts cooked rice and milk in a pot and simmer for 15-20 minutes until it has a pudding-like consistency. Add some sugar or honey, a dash of cinnamon and nutmeg, or a spoonful of cocoa powder.

Add to burritos: Rice has a marvelous ability to bulk up many a main course. It‟s particularly great in bean or beef burrito filling. No need to preheat; just stir it into whatever hot filling you‟ve prepared.

Fry it: A dish that my uncle, born in Vietnam, always made on Sundays after church – fried rice with golden threads. My version (and I do not know how authentic it is) involves sautéing onions and garlic in a generous amount of oil till golden, then adding cold rice. Fry and stir constantly, then add fish sauce, oyster sauce, and sesame oil to taste. Top with thin strips of fried egg, peanuts, chopped scallions, and tomato wedges.

Toss it in a soup: Rice gives substance to soup and blends into whatever flavors you‟re putting in the pot, be it Japanese miso soup, Indian mulligatawny soup, Mexican tortilla soup, Greek egg-lemon soup, or plain old American vegetable soup.

Turn it into pie crust: Add some cheese and egg whites, and you‟ve got yourself a yummy gluten-free pie crust for a quiche. Who knew? Check out this recipe from PureWow. Make rice buns: This stellar tip comes via The Kitchn. By squishing cooked white rice into a thin patty, brushing with soy sauce, and searing on a hot oiled pan, you can make a bun that will sandwich anything.

Make arancini: Arancini are an Italian classic, known in English as risotto balls. Leftover risotto is never as good as fresh, but it makes decadent deep-fried balls of tastiness. Here‟s

a recipe for spinach and cheese-filled arancini. Make it a full meal by adding a spicy tomato sauce.

Waffle it: I must admit, I have not yet tried „waffling‟ my leftover rice – perhaps because it barely lasts long enough – but I am definitely going to do this. Use a waffle maker to get a super crispy exterior and soft, chewy center. Using cold, slightly dried-out rice will give the best results. My mouth is drooling at the thought of this recipe – kimchi fried rice waffles.

Freeze it: Last but not least, if you have too much rice and don‟t know what to do with it, stick it in the freezer. It‟s best to portion it out ahead of time, but it‟s quick to thaw and can be dumped, still frozen, into a cooking pot. https://www.treehugger.com/green-food/10-yummy-ways-use-leftover-rice.html

Nagpur Foodgrain Prices Open- JUN 15, 2017    

Nagpur Foodgrain Prices – APMC/Open Market-June 15 Nagpur, June 15 (Reuters) – Gram and tuar prices reported down in Nagpur Agriculture Produce and Marketing Committee (APMC) auction on poor buying support from local millers amid increased

arrival from producing regions. High moisture content arrival and downward trend in Madhya Pradesh pulses also affected sentiment.

About 1,300 of gram and 600 bags of tuar were available for auctions, according to sources.

FOODGRAINS & PULSES GRAM * Gram varieties ruled steady in open market here but demand was poor.

TUAR * Tuar varieties quoted static in open market here on subdued demand from local traders amid ample stock in ready position. * Watana varieties reported higher in open market on good buying support from local traders amid weak supply from producing region. * In Akola, Tuar New – 3,900-4,100, Tuar dal (clean) – 5,700-5,800, Udid Mogar (clean) – 8,200-9,200, Moong Mogar (clean) 6,8007,200, Gram – 5,600-5,800, Gram Super best – 7,800-8,500 * Wheat, rice and other commodities moved in a narrow range in scattered deals and settled at last levels in thin trading activity.

Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg FOODGRAINS Previous close Gram Auction 4,700-5,210

Available prices 4,700-5,125

Gram Pink Auction 2,100-2,600 Tuar Auction 3,500-3,900 Moong Auction 3,900-4,200 Udid Auction 4,300-4,500 Masoor Auction 2,600-2,800 Wheat Mill quality Auction 1,500-1,630 Gram Super Best Bold 7,800-8,500 Gram Super Best n.a.

Gram Medium Best 7,000-7,500 Gram Dal Medium n.a Gram Mill Quality 5,400-5,500 Desi gram Raw 5,850-6,050 Gram Yellow 7,700-8,200 Gram Kabuli 12,300-13,400 Tuar Fataka Best-New 6,000-6,300 Tuar Fataka Medium-New 5,700-5,900 Tuar Dal Best Phod-New 5,600-5,800 Tuar Dal Medium phod-New 5,000-5,300 Tuar Gavarani New 3,850-3,950 Tuar Karnataka 4,100-4,250

n.a.

3,400-3,890 n.a. n.a. n.a.

1,500-1,645 8,000-8,800 n.a.

7,000-7,500 n.a.

5,400-5,500 5,850-6,050 7,700-8,200 12,300-13,400 6,000-6,300 5,700-5,900 5,600-5,800 5,000-5,300 3,850-3,950 4,100-4,250

Masoor dal best 5,000-5,500 5,000-5,500 Masoor dal medium 4,600-4,800 4,600-4,800 Masoor n.a. n.a.

Moong Mogar bold (New) 7,000-7,500 7,000-7,500 Moong Mogar Medium 6,500-6,800 6,500-6,800 Moong dal Chilka 5,400-6,400 5,400-6,400 Moong Mill quality n.a. n.a.

Moong Chamki best 7,100-8,100 7,100-8,100 Udid Mogar best (100 INR/KG) (New) 8,5009,500 8,500-9,500 Udid Mogar Medium (100 INR/KG) 7,000-8,000 7,000-8,000 Udid Dal Black (100 INR/KG) 5,2005,500 5,200-5,500 Batri dal (100 INR/KG) 5,100-5,500 5,100-5,500 Lakhodi dal (100 INR/kg) 3,100-3,400 3,100-3,400 Watana Dal (100 INR/KG) 2,9503,050 2,900-3,000 Watana White (100 INR/KG) 3,5003,700 3,400-3,600 Watana Green Best (100 INR/KG) 4,100-4,600 4,000-4,500 Wheat 308 (100 INR/KG) 1,950-2,050 1,950-2,050 Wheat Mill quality (100 INR/KG) 1,8001,900 1,800-1,900 Wheat Filter (100 INR/KG) 2,150-2,350 2,150-2,350 Wheat Lokwan new (100 INR/KG) 1,850-2,050 1,850-2,050

Wheat Lokwan best (100 INR/KG) 2,200-2,400 Wheat Lokwan medium (100 INR/KG) 2,100 1,900-2,100 Lokwan Hath Binar (100 INR/KG) n.a.

MP Sharbati Best (100 INR/KG) 3,100-3,500 MP Sharbati Medium (100 INR/KG) 2,800 2,300-2,800 Rice BPT new (100 INR/KG) 2,800-3,200 Rice BPT best (100 INR/KG) 3,500-4,000 Rice BPT medium (100 INR/KG) 3,200 3,000-3,200 Rice Luchai (100 INR/KG) 2,500-2,800 Rice Swarna new (100 INR/KG) 2,400 2,200-2,400 Rice Swarna best (100 INR/KG) 2,800 2,600-2,800 Rice Swarna medium (100 INR/KG) 2,500 2,400-2,500 Rice HMT New (100 INR/KG) 3,600-4,000 Rice HMT best (100 INR/KG) 5,000 4,500-5,000 Rice HMT medium (100 INR/KG) 4,300 4,100-4,300 Rice Shriram New(100 INR/KG) 5,200 4,800-5,200 Rice Shriram best 100 INR/KG) 6,500-6,800 Rice Shriram med (100 INR/KG) 5,800-6,200 Rice Basmati best (100 INR/KG) 14,000 10,000-14,000 Rice Basmati Medium (100 INR/KG) 8,000 6,000-8,000

2,200-2,400 1,900n.a.

3,100-3,500 2,3002,800-3,200 3,500-4,000 3,0002,500-2,800 2,2002,6002,4003,600-4,000 4,5004,1004,8006,500-6,800 5,800-6,200 10,0006,000-

Rice Chinnor New(100 INR/KG) 4,6004,600-4,800 Rice Chinnor best 100 INR/KG) 5,800-6,000 5,800-6,000 Rice Chinnor medium (100 INR/KG) 5,4005,600 5,400-5,600 Jowar Gavarani (100 INR/KG) 1,9002,200 1,900-2,200 Jowar CH-5 (100 INR/KG) 1,800-1,900 1,800-1,900 4,800

WEATHER (NAGPUR) Maximum temp. 37.5 degree Celsius, minimum temp.

28.4 degree Celsius Rainfall : 21.2 mm FORECAST: Generally cloudy sky with rains or thunder-showers likely. Maximum and minimum temperature would be around and 37 and 28 degree Celsius respectively.

Note: n.a.--not available (For oils, transport costs are excluded from plant delivery prices, but included in market prices) http://in.reuters.com/article/nagpur-foodgrain-idINL3N1JC31W

Raids to be conducted to detect changes in rice prices, special tax compensation extended Jun 16, 2017 Keshala Dias Local, News Ticker 0

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The Kebithigollewa Agricultural Training Centre says that the price of rice is on the rise in the market. Director of the Paddy Purchasing and Marketing Board, Duminda Priyadarshana said that rice is being sold for high prices in the open market.

The Paddy Purchasing Board said, the country only has limited amount of paddy at present.

Chairman of the Board, M. B. Dissanayake said that inspections undertaken recently had revealed that paddy weighing a one million ton is being stored in storage facilities around the country at present.

Meanwhile, the Ministry of Industry and Commerce says that preparations are being made to import more rice to the country.

The special tax compensation which was provided for rice imports, will therefore be extended until August.The Consumer Affairs Authority said that a programme will be implemented to conduct raids in search of shop keepers who sell rice above the stipulated price

http://newsfirst.lk/english/2017/06/raidsconducted-detect-changes-rice-prices-specialtax-compensation-extended/168920Rice prices increase in both domestic, foreign markets VNA FRIDAY, JUNE 16, 2017 - 20:25:00 PRINT

Loading rice for export at Saigon Port (Illustrative image. Source: VNA) HCM City (VNA) – Vietnamese rice prices have recently increased in both domestic and foreign markets due to high demand and limited supply.

Notably, Jasmine rice price is now at 565-570 USD per tonne, 65-70 USD per tonne higher compared to three weeks earlier.

At the same time, Vietnamâ€&#x;s 5-percent broken rice is sold at 410-420 USD per tonne, up 35-45 USD per tonne, while the price of 25-percent broken rice also rises 25-30USD per tonne to 370375 USD per tonne. In the world market, Vietnamese rice price is only lower than Thai riceâ€&#x;s.

In the domestic market, rice prices of all kind also increased over 1,000 VND per kilo averagely.

Nguyen Van Don, Director of Viet Hung Company in the Mekong Delta province of TienGiang, said the demand for Jasmine rice has surged recently, while the supply of the rice is low and some farmers are still waiting for higher price before selling their rice.

Many businesses attributed the recovery in both markets to the increased consumption in the world. Recent information on some countries‟ demand to import Vietnamese rice also heat the domestic market.

Particularly, Bangladesh has signed a memorandum of understanding on rice trade and announced its demand of importing 250,000-300,000 tonnes of Vietnam‟s 5-percent broken rice in the coming time and about 500,000 tonnes for the whole year, while the Philippines also revealed its plan to buy 250,000 tonnes of rice in June and July.

According to the Vietnam Food Association, Vietnam suffered a drop in rice export in the first five months of this year. However, the export has recovered since May with rise of 27.3 percent in volume and 24 percent in value in May.-VN http://en.vietnamplus.vn/rice-prices-increase-in-both-domestic-foreign-markets/113448.vnp

President Sirisena steps in to nip possible rice shortages in the bud Jun 16, 2017 Keshala Dias Local, News Ticker, Top Slider 0

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Addressing a meeting held at the Presidential Secretariat today, President Maithripala Sirisena emphasised that the country should not go through a shortage of rice for any given reason.

The meeting was aimed at looking into the stocks of rice in warehouses and the possible demand for rice in the coming months.President Sirisena had called for the meeting after receiving information of a possible shortage of rice in the market.

The president emphasised the need to maintain rice stocks at warehouses consistent with the demand for it and said that the Ministry of Trade should continuously monitor the stocks and the demand.

Furthermore, the attention of the president was drawn towards the difficulties faced by the consumers due to the price of rice exceeding the maximum retail prices set by the government.

He also inquired into the enforcement of laws against retailers selling rice at high prices.Discussions also focused on the strategy that should be adopted by the private sector when importing rice.

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Maithripala Sirisena, Ministry of Trade, Presidential Secretariat., ric http://newsfirst.lk/english/2017/06/president-sirisena-steps-nip-possible-rice-shortages-bud/168938

Rain expedites sowing of paddy

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Falcons have become a part and parcel of Sandeep Gorsi and his wife Charanjit Kaur‟s family in Amritsar on Thursday. photo: vishal kumar

Tribune News Service Amritsar, June 15 The early morning showers today came as a help for paddy farmers who, as per the government instructions, were allowed to start paddy transplantation today.

The mild showers continued for almost an hour. Hailstones too were reported from few areas surrounding the city. Agricultural experts say they estimate an area of 1.80 lakh hectares to come under paddy cultivation in this season.

Chief Agricultural Officer Dr Dalbir Singh Chinna said, “The showers were certainly of help to farmers. Not only these help in water logging of fields as farmers have to use less ground water, but it also decreases the demand of electricity in domestic sector which helps in providing enough power to the agricultural sector.” He said as per the department estimates, nearly 80,000 hectares area would come under basmati varieties.

Meanwhile, a sudden increase in demand of farm labour is worrying farmers as they complain that inflow of labour from UP and Bihar has declined during the past few years. The State Agricultural Department had introduced machines for paddy transplantation many years ago to solve the problem of labour shortage, but these machines have not caught the fancy of local farmers.

Dr Dalbir Singh said a substantial area has come under direct sowing of paddy which decreases the need for labour. He explains that under direct seeding, the paddy varieties with fast initial growth are directly sown without puddling of soil. “The method has become popular as few farmers had experimented with it during the last year and their results were encouraging,” he said.

Officials of the department said with an increase in the pace of paddy transplantation during the coming days, farmers might face intense labour shortage. They advised farmers to go for transplantation in phases while keeping in mind the availability of labour. Meanwhile, farmers from many villages complained that the promised eight-hour power supply for tubewells had not been provided to them so far

http://www.tribuneindia.com/news/amritsar/rain-expedites-sowing-ofpaddy/423053.html

Nagpur Foodgrain Prices OpenJUN 16, 2017 Reuters | Jun 16, 2017, 01.30 PM IST

Nagpur Foodgrain Prices - APMC/Open Market-June 16 Nagpur, June 16 (Reuters) Gram and tuar prices declined in Nagpur Agriculture Produce and Marketing Committee (APMC) auction on lack of demand from local millers amid good supply from producing regions. Reports about good monsoon in this season and downward trend in Madhya Pradesh pulses also affected prices. About 1,100 of gram and 550 bags of tuar were available for auctions, according to sources. FOODGRAINS & PULSES GRAM * Desi gram moved down in open market on poor demand from local traders amid increased arrival from producing belts. TUAR * Tuar varieties ruled steady in open market here but demand was poor. * Wheat mill quality and wheat Sharbati varieties reported down in open market on poor buying support from local traders amid good supply from producing regions like Punjab and Haryana. * In Akola, Tuar New - 3,900-4,100, Tuar dal (clean) - 5,700-5,800, Udid Mogar(clean) - 8,200-9,200, Moong Mogar (clean) 6,800-7,200, Gram - 5,6005,800, Gram Super best - 7,800-8,500 * Other varieties of wheat, rice and other commodities moved in a narrow range in scattered deals and settled at last levels in thin trading activity. Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg FOODGRAINS Available prices Previous close Gram Auction 4,6005,050 4,700-5,120 Gram Pink Auction n.a. 2,100-2,600 Tuar Auction 3,400-3,830 3,400-3,910 Moong Auction n.a. 3,900-4,200 Udid Auction n.a. 4,300-4,500 Masoor Auction n.a. 2,600-2,800 Wheat Mill quality Auction 1,500-1,645 1,500-1,630 Gram Super Best Bold 8,000-8,800 7,800-8,500 Gram Super Best n.a. n.a. Gram Medium Best 7,000-7,500 7,000-7,500 Gram Dal Medium n.a. n.a Gram Mill Quality 5,4005,500 5,400-5,500 Desi gram Raw 5,800-6,000 5,850-6,050 Gram Yellow 7,7008,200 7,700-8,200 Gram Kabuli 12,300-13,400 12,300-13,400 Tuar Fataka Best-

New 6,000-6,300 6,000-6,300 Tuar Fataka Medium-New 5,700-5,900 5,700-5,900 Tuar Dal Best Phod-New 5,600-5,800 5,600-5,800 Tuar Dal Medium phod-New 5,000-5,300 5,000-5,300 Tuar Gavarani New 3,850-3,950 3,850-3,950 Tuar Karnataka 4,100-4,250 4,100-4,250 Masoor dal best 5,000-5,500 5,000-5,500 Masoor dal medium 4,600-4,800 4,600-4,800 Masoor n.a. n.a. Moong Mogar bold (New) 7,000-7,500 7,000-7,500 Moong Mogar Medium 6,500-6,800 6,500-6,800 Moong dal Chilka5,400-6,400 5,400-6,400 Moong Mill quality n.a. n.a. Moong Chamki best 7,100-8,100 7,100-8,100 Udid Mogar best (100 INR/KG) (New) 8,5009,500 8,500-9,500 Udid Mogar Medium (100 INR/KG) 7,000-8,000 7,000-8,000 Udid Dal Black (100 INR/KG) 5,200-5,500 5,200-5,500 Batri dal (100 INR/KG) 5,1005,500 5,100-5,500 Lakhodi dal (100 INR/kg) 3,100-3,400 3,100-3,400 Watana Dal (100 INR/KG) 2,950-3,050 2,950-3,050 Watana White (100 INR/KG) 3,500-3,700 3,500-3,700 Watana Green Best (100 INR/KG) 4,100-4,600 4,100-4,600 Wheat 308 (100 INR/KG) 1,950-2,050 1,950-2,050 Wheat Mill quality (100 INR/KG) 1,7501,850 1,800-1,900 Wheat Filter (100 INR/KG) 2,150-2,350 2,150-2,350 Wheat Lokwan new (100 INR/KG) 1,850-2,050 1,850-2,050 Wheat Lokwan best (100 INR/KG) 2,200-2,400 2,200-2,400 Wheat Lokwan medium (100 INR/KG) 1,9002,100 1,900-2,100 Lokwan Hath Binar (100 INR/KG) n.a. n.a. MP Sharbati Best (100 INR/KG) 3,000-3,500 3,100-3,500 MP Sharbati Medium (100 INR/KG) 2,200-2,800 2,300-2,800 Rice BPT new (100 INR/KG) 2,800-3,200 2,800-3,200 Rice BPT best (100 INR/KG) 3,500-4,000 3,500-4,000 Rice BPT medium (100 INR/KG) 3,000-3,200 3,000-3,200 Rice Luchai (100 INR/KG) 2,500-2,800 2,500-2,800 Rice Swarna new (100 INR/KG) 2,200-2,400 2,200-2,400 Rice Swarna best (100 INR/KG) 2,600-2,800 2,600-2,800 Rice Swarna medium (100 INR/KG) 2,400-2,500 2,4002,500 Rice HMT New (100 INR/KG) 3,600-4,000 3,600-4,000 Rice HMT best (100 INR/KG) 4,500-5,000 4,500-5,000 Rice HMT medium (100 INR/KG) 4,100-4,300 4,100-4,300 Rice Shriram New(100 INR/KG) 4,800-5,200 4,800-5,200 Rice Shriram best 100 INR/KG) 6,500-6,800 6,500-6,800 Rice Shriram med (100 INR/KG) 5,8006,200 5,800-6,200 Rice Basmati best (100 INR/KG) 10,000-14,000 10,000-14,000 Rice Basmati Medium (100 INR/KG) 6,000-8,000 6,000-8,000 Rice Chinnor New(100 INR/KG) 4,600-4,800 4,600-4,800 Rice Chinnor best 100 INR/KG) 5,8006,000 5,800-6,000 Rice Chinnor medium (100 INR/KG) 5,400-5,600 5,400-5,600

Jowar Gavarani (100 INR/KG) 1,900-2,200 1,900-2,200 Jowar CH-5 (100 INR/KG) 1,800-1,900 1,800-1,900 WEATHER (NAGPUR) Maximum temp. 39.4 degree Celsius, minimum temp. 23.9 degree Celsius Rainfall : 1.4 mm FORECAST: Generally cloudy sky with rains or thunder-showers likely. Maximum and minimum temperature would be around and 39 and 24 degree Celsius respectively. Note: n.a.-not available (For oils, transport costs are excluded from plant delivery prices, but included in market prices) Stay updated on the go with Times of India News App. Click here to download it for your device.

(This story has not been edited by timesofindia.com and is auto–generated from a syndicated feed we subscribe to.)

http://timesofindia.indiatimes.com/business/india-business/nagpur-foodgrain-prices-open-jun-162017/articleshow/59175633.cms

Ominous signs as rice prices spiral Abdur Rahim Harmachi, Faysal Atik and Tabarul Haque, bdnews24.com Published: 2017-06-16 09:12:01.0 BdST Updated: 2017-06-17 11:11:15.0 BdST

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The prices of rice are spiralling out of control as the blame game between wholesalers and millers continues and experts predict a „food crisisâ€&#x; in the making.

Government data often lower than market prices shows a 47 percent rise in the price of coarse rice while a fine variety saw around 20 percent rise in a year.

Millions of low-income people in the country are worst-hit by the price shock. Coarse rice consumed by people with low income is now being sold at a minimum rate of Tk 46 per kg.

The fine variety is currently on sale at no less than Tk 60 per kg.

Last three months were the worst period when people saw a steep rise in prices of rice of almost all varieties.

An agro-economist sees it as an ominous sign of a food crisis ahead, reminiscent of price spirals during the army-backed caretaker government.

Prices of coarse and thin grains rose to Tk 40 per kg and Tk 56 per kg respectively in 2007 and 2008 during the caretaker government rule. It was then recorded as the highest price of rice since independence.

M Asaduzzaman, a professor and a fellow at the Bangladesh Institute of Development Studies or BIDS, says, "The prices had created panic at that time."

“I think we will face the same situation again.”

Boro paddy cultivation in the country was hit hard by unseasonal rains and flash floods earlier this year. On the other hand, rice production slumped in China, Vietnam and India. A 28 percent duty levied on imports is also blamed for the hike.

However, the market was significantly stable during Awami League‟s 2009-2013 tenure when coarse rice was sold at Tk 30-35 and thin rice at Tk 40-42 per kg.

Bangladesh is considered a food self-sufficient country.

“A syndicate of millers and wholesalers has crafted the „crisis‟ to sell rice at higher prices. The government seems reluctant in this regard,” said Asaduzzaman.

“I guess mill owners and wholesalers have an ample stock of rice. It is unfortunate that the government does not even have that data. The government is neither monitoring them nor compelling them to release the stock.”

When contacted, Food Minister Qamrul Islam declined to comment on rice prices and advised bdnews24.com to consult the Directorate General of Food.

Badrul Hasan, director general of the directorate, said the price soared as production turned out to be low this year due to flash floods in 'haors' and adverse weather.

He hoped the rates would return to normal if the 28 percent duties charged on import are withdrawn.

Glimpses of markets >> Coarse rice varieties -- Swarna and Paijam -- were on sale at Tk 48-50 per kg and other low-quality coarse rice at Tk 46 in kitchen markets in Sheorapara, Mohakhali, Rampura, Karwan Bazar, and Hatirpool. Traders retailed Miniket and Najirshail at Tk 56-62 a kg. >> Babubazar-Moulvibazar in Old Dhaka, the countryâ€&#x;s largest wholesale rice market, charges around Tk 4 less than retailers. >> Wholesalers say they have no control over the rates. >> A Kushtia-based miller, for example, sells a 50kg bag of coarse rice at Tk 1,950 (Tk 39 per kg) and Miniket rice at Tk 2,600 (Tk 52 per kg) to Dhaka. The rates have increased due to soaring prices of paddy, according to millers. >> Each maund of paddy is sold at Tk 1,200 which yields around 27kg of rice. The production cost is recouped from sales of broken kernels and bran. >> In this Boro harvest season, the government is buying paddy from farmers at Tk 24 per kg and rice at Tk 34.

Depleting stocks The government had some 193,190 tonnes of rice in stock on June 12, compared to 593,020 tonnes on the same date last year, according to the Food Planning and Monitoring Unit or FPMU. Quoting the Department of Agricultural Marketing, an FPMU report says the wholesale price and retail price of coarse rice in the capital is Tk 45-46.5 and Tk 46-48 per kg respectively.

Between May 2 and Jun 11, the government procured a total of 19,532 tonnes of Boro rice from farmers.

Blame game Wholesalers claim the hike is nothing but the result of an artificial crisis created by a syndicate of millers.

Unlike in previous Boro procurement seasons, rice price has soared this year despite the presence of new rice in markets, said Md Selim, proprietor of Shubho Rice Agency in Babubazar.

Mill owners are using crop losses caused by flash floods as an excuse to increase the rates, he said.

Auto rice mills are now the main source of rice supply. These mills are concentrated in some districts: Kushtia, Sherpur, Chapainawabganj, Rajshahi, Bogra, and Naogaon. “Some industrialists are controlling the rice market countrywide with these auto mills. And the government is failing to keep the rates normal,� said Abdul Jabbar, manager of Chowdhury Rice Agency in Babubazar.

He identified three areas of concern leading to the current crisis: paddy shortage, corrupt practices by millers and hoarding by unscrupulous businessmen.

Mirpur-based trader Wahiduzzaman said sales of rice jumped up to three times last month when people stocked up with grains fearing a hike in June.

“One customer who usually buys one sack of rice bought three. Mill owners took advantage of the situation. Now sales of rice have dropped in Dhaka,” said Wahid, owner of New Billal Rice Agency.

Mill owners, however, put the blame squarely on the shortage of paddy production caused by flash floods and inclement weather.

Tarek Anam, marketing executive of Rashid Automill, said they were selling a 50kg bag of Miniket rice at Tk 2,600 -- the highest on record.

“Rice prices should be higher if you consider paddy prices,” he said.

M Asaduzzaman of BIDS has suggested lowering tax on rice import to normalise the rice market.

If duties on rice import are cut down to 15 percent from 25 percent, costs will go down, so will the prices, he said.

Badrul Hasan, DG of Directorate General of Food, said: “The ministry was served with recommendations in May to lift the import tariff. The government may take steps in that direction.”

Bangladesh spends $440 to import one tonne of rice from India, and another Tk 9 is added as tariff per kg.

“We believe removal of the tariff will lower the cost and rice prices will come down once enough rice is imported from India,” said Hasan

http://bdnews24.com/business/2017/06/16/ominous-signs-as-rice-prices-spiral

Asia Rice: Strong Demand Helps Prices Extend Gains

Vietnam. Asian rice prices rose this week, extending gains from the week before on strong demand from importers including Bangladesh and the Philippines, traders said on Thursday (15/06).

In Thailand, benchmark 5-percent broken rice was quoted at $450-$457 a tonne, freeon-board (FOB) Bangkok, up from $440-$457 last week.

Thai rice prices have been rising steadily since March, when traders started loading ships, and touched levels unseen since August 2013 last week.

Exporters continue to buy the grain from rice millers to fulfill shipments, with demand from Bangladesh, Iran, Iraq and the Philippines keeping prices high, traders said.

"Prices are still rising and haven't stopped," a Bangkok-based trader said. "Supply is low and exporters are still buying stocks for shipment, and global demand is still high."

The Thai off-season crop is expected to arrive from around August to September.

In Vietnam, the 5-percent broken rice was quoted at $410 a tonne, FOB Saigon, up from $395-$400 last week and the highest level since November 2014.

Vietnam's new harvest season begins late-June, traders said.

Rice prices in the country have increased since early May on expectation of stronger demand from foreign rice importers amid limited supply.

Bangladesh will import 200,000 tonnes of white rice at $430 a tonne, and 50,000 tonnes of parboiled rice at $470 a tonne from Vietnam in a government-to-government deal, said Ataur Rahman, additional secretary at the food ministry.

The rice will be shipped in 60 days, with the first consignment expected to arrive in 15 days, Rahman said.

The rates are sharply higher than what it is paying for through tenders. Bangladesh is buying 50,000 tonnes of white rice at $406.48 a tonne and 50,000 tonnes of parboiled rice at $427.85 a tonnes through tenders.

Bangladesh is also in talks with Thailand and India to import rice to cool record-high local prices at a time when state rice stocks are at 10-year lows.

The Philippines has said it would issue a tender next month to import 250,000 tonnes of the grain from Thailand and Vietnam, and possibly also India.

In India, 5 percent broken parboiled rice prices jumped by $7.00 per tonne to $422-$425 on a rally in overseas prices and good demand from buyers in Africa.

"Earlier, buyers were shifting to other suppliers as Indian rice was expensive. Now, since prices have risen in Thailand and Vietnam, we are equally competitive," said an exporter based in Kakinada in the southern Indian state of Andhra Pradesh.

India's non-basmati rice exports in April fell 18.5 percent from a year ago to 475,050 tonnes due to a stronger rupee.

"We have to raise prices considering (the) rising rupee and tight supplies of paddy rice," said another exporter based in Kakinada.

The rupee has risen 5.7 percent so far in 2017 and is trading near its highest level in 21 months. A strong rupee trims returns for exporters.

Reuters

http://jakartaglobe.id/international/asia-ricestrong-demand-helps-prices-extend-gains/ New bids eat at inedible rice stockpile  

16 Jun 2017 at 06:37 4,221 viewed2 comments NEWSPAPER SECTION: BUSINESS | WRITER: PHUSADEE ARUNMAS

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Around 2.1 million tonnes of inedible rice stored by the state were expected to be sold in the latest bidding held yesterday by the Ministry of Commerce, leaving only a small amount of poor quality grade grain in the government stockpile to be put on sale next month.

Keerati Rushchano, deputy director-general of the Commerce Ministry's Department of Foreign Trade, said local traders had offered to buy around 2.1 million tonnes of inedible grade milled rice, or around 95%, of a total 2.2 million tonnes the ministry put up in the bidding.

Offer prices ranged between 2,000-6,700 baht per tonne and depended mostly on how poor the quality of the rice was. However, the offer prices were well above offers in the previous bid of around 4,000 baht a tonne, he said.

The government is expected to collect about 76 billion baht from the latest round, Mr Keerati said.

The rice to be sold in this round of bidding was from 137 warehouses in 37 provinces. It was mostly 5% broken grade white rice that would be suitable for animal feed, he said.

The Commerce Ministry will spend a week submitting all the offers for approval by the Rice Policy and Management Committee.

If the committee approves the sale, there will be a last lot of around 500,000 tonnes of inedible grade left in the state stockpile waiting to be sold in the next bidding round, expected to take place next month, Mr Keerati said.

However, the quality of the rice is very poor and could only be suitable for ethanol derived feed stuff, he said.

There is also around 160,000 tonnes of edible grade rice due to be sold via another auction, expected in August, he said.

Since the current government took power in May 2014, it has managed to sell a total of 13.9 million tonnes of rice from state stockpiles, raising 130 billion baht and helping reduce pressure on market prices, making the price of Thai rice higher.

The benchmark 100% B grade Thai white rice is now priced at US$450 per tonne, up from $380 a tonne last month, according to exporters.

Fresh demand from major rice importing countries also helped boost Thai rice prices since the Philippines, one of the world's leading rice buyers, planned to open bids to buy a total 250,000 tonnes of white rice grades next week to replenish its national rice stocks.

Bangladesh has offered to buy 200,000 tonnes of parboiled rice from Thailand after being hit by drought and recent natural disasters.

"High-ranking Bangladeshi officials are scheduled to come here and negotiate with the government next week," Mr Keerati said.

http://www.bangkokpost.com/business/news/1269367/new-bids-eat-at-inedible-rice-stockpile