19th october ,2015 daily global regional local rice e newsletter by rice plus magazine

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Daily Global Rice e-Newsletter | www.riceplusmagazine.blogspot.com

October 19,2015 Vol 5 ,Issue XV

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Rice News Headlines...                       

Rice exporters cry for help Mandatory jute packaging deadline extended Oil extraction from rice bran can save Pakistan $ 2.5 billion: UIG Rice likely to firm up as prices hit bottom, production declines SENATE SUMMONS COMPTROLLER-GENERAL OF NIGERIAN CUSTOMS TO EXPLAIN HIS DECISION TO LIFT BAN ON RICE IMPORT POLICY Devendra Fadnavis promises to help rice farmers, millers Pusa 1121 paddy arrives in market, but buyers wary Iraq Update: Chaos Still Reigns Chef de Riz Named at International Rice Festival Crop Progress: 2015 Crop 95 Percent Harvested CME Group/Closing Rough Rice Futures Rice Festival packs Crowley streets Competitors‘ tariffs cost U.S. rice producers 1.3 million tons in exports in 2013 Global body gives green light for food crop genetic search engine Vietnam's Mekong Delta in desperate shortage of fresh water Sharp decline in rice trade feared Basmati prices lower than 2015's, despite PDS purchases BASMATI RICE EXPORT PRICE TO BOUNCE BACK BY DECEMBER, SAY EXPERTS Rice likely to firm up as prices hit bottom, production declines GI tag sought to preserve uniqueness of basmati Arkansas Farm Bureau Daily Commodity Report APEDA Commodity News from India

New Details…

Rice exporters cry for help | Reap says solar tubewell plan can provide long-term relief to farmers, exporters October 19, 2015

LAHORE - The rice exporters have asked the government to bailout rice sector which is collapsing under double whammy of declining prices and harassment by the banks.Rice Exporters Association of Pakistan newly-elected chairman Muhammad Shafique Ch said that the rice sector, which makes value addition of over 175pc, generating hundreds of thousands of jobs, its foreign exchange earnings of over $2 billion continue to suffer, hitting all stakeholders from growers to millers and exporters.The arrival of new crop has aggravated the situation as around five hundred thousand tons of rice from earlier crops couldn‘t be sold or exported which is

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rotting

in

godowns.

Shafique Ch said that the new crop will further imbalance the market resulting in closure of hundreds of rice mills.The millers are unable to pay bank loans or clear outstanding amount to the farmers therefore State Bank has extended date of their repayments until June 2016 but banks continue to harass rice millers to recover Rs30.5 billion loans.According to Reap chairman, Pakistan‘s rice trade is facing severe challenges mainly due to rising costs of agricultural inputs and its export may decline sharply during this fiscal year.He said that the rice export, the second largest earner of the valuable foreign exchange, is continually being neglected by the federal government.

Shafique Ch said that owing to the high costs of agricultural inputs including fertiliser, electricity, water and lack of seeds development, Pakistan‘s rice is uncompetitive in international market, especially the basmati varieties.Presently, Indian rice exporters are offering as low as the $300 per metric ton price for the basmati rice in the world market.As the prices of Indian rice are much lower than those in Pakistan, major importing countries and international buyers are switching to the Indian rice.Shafique Ch said that under the current situation, exporters are not in a position to buy paddy from farmers because of a shortage of cash flow as their finance limit

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have already been choked.Therefore, the government should take some immediate measures to support them.The exporters are not in a position to return dues of export refinance facility instantly, because rice is still in millers‘ stock and financial charges on these stocks are daily increasing the cost.Shafique Ch said that the government should waive off the bank markup on the stock of last two years, besides refunding almost $40 million of 1 percent WHT which was deducted during the last two years period of loss.Moreover, WHT should also be reduced to 0.25 percent in future.

The government should ask SBP to extend Export Refinance payback period and EF-25 based loans.He suggested the government to provide $200 per metric ton for basmati export, besides recognising rice sector as industry with zero rated GST and preferential electricity and gas supply.The government should also expedite pending GST and Income Tax refunds.Reap chairman said that Prime Minister Nawaz Sharif farmers‘ relief package is appreciable and it was better if the cash payment should be up to Rs10,000 instead of Rs5000 as per acre loss is around Rs50,000.It is a short-term solution and this meager amount will not compensate the huge loss of farmers.However, the solar tubewell plan of the government is good and can provide long-term relief to farmers if it is implemented properly.The proposed plan will lower input cost of farmers equalising exporters cost to the regional competitors, helping improve rice export.

The solar tubewells will also save electricity which can be diverted to the industry in future, he added.The Reap Chairman asked the government to run R&D under public-private partnership by formulating Basmati Rice Development Board for demand-driven research.The government may set up state of the art laboratory for rice testing at par with European standards labs.Presently, super basmati seed is more than 20-year old, resultantly per acre yield has dropped to 30 maund from 50 maund, besides reducing Average Grain Length. ―We demand that the Rice Research Institute should work on a project to reduce the input cost and increase the yield and quality of the Pakistani rice so that the cost of paddy will be reduced and the exporters can compete in the world market.―In addition, to protect the basmati rice export trade, Pakistan must focus on the markets of Iran and Saudi Arabia since these are the major importing countries of the basmati rice.A legal and official banking channels should be developed that can help start the official rice export to the neighboring country of Iran. http://nation.com.pk/business/19-Oct-2015/rice-exporters-cry-for-help

Mandatory jute packaging deadline extended Abu Bakar Siddique The government has extended a deadline, allowing the rice-making sector a few more days to shift from polythene to jute for packaging.As part of the implementation of the Jute Packaging Act 2010, which makes use of jute mandatory in packaging across businesses, October 25 was the last date for the shift.However, considering a request from businessmen, who said they were not ready, the government has extended the deadline until the end of November, said

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Mohammad Kefaetullah, director of the Department of Jute.The jute packaging act – enacted in 2014 to revive the once leading foreign currency earning sector of the country – considers the rice-making sector, the rice-millers to be specific, as one of the key focus points.According to the act, paddy, rice, wheat, maze, fertiliser and sugar must be packaged in jute bags. Violators face a maximum of one year in jail or a fine of Tk50,000 or both for using non-degradable synthetics to package commodities.

Kefaetullah said that the government will now go tough against violators; mobile courts have been operating across the country since June 1 and no violation will be excused after the November deadline expires.He also said that the rice-millers use around 1.4 million sacks every year and if only they could be made to switch to jute packaging, the entire situation would change.Nirod Baran Saha, convener of the Naogaon Rice Millers‘ Association, told the Dhaka Tribune that they also want to use jute packaging.―But price of rice will go up if we switch to jute sacks instead of polythene. A 50kg jute sack costs Tk30 more than a polythene sack of the same capacity,‖ he said.According to the Jute Department, around 750 million jute bags will be used annually and 50% of the jute production would be consumed locally once the packaging act is implemented.Bangladesh Jute Mills Corporation (BJMC) believes that the sector will regain its lost strength overnight if only 20% of the businesses start using jute bags. http://www.dhakatribune.com/bangladesh/2015/oct/19/mandatory-jute-packaging-deadlineextended#sthash.QmG0J2eF.dpuf

Oil extraction from rice bran can save Pakistan $ 2.5 billion: UIG October 18, 2015, 9:52 pm

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Islamabad: The country can save 2.5 billion dollars under the head of palm oil import bill if local production of edible oil seeds is promoted, a business leader said today. The oil import bill is set to rise as the population is increasing with a fast pace which will hurt forex reserves therefore government should promote edible oil sector to make country self-sufficient, said Chairman of the United International Group Mian Shahid.Pakistan remained self-reliant in the edible oil sector for long but the sector declined due to apathy of the authorities and now national production stands one-third of the demand, he said. The planters are on the mercy of buyers due to lack of government intervention and absence of a support price mechanism, he said.

Mian Shahid said that proper attention, good seed varieties, cheap inputs, latest technology and incentives can increase area under cultivation which will turn this sector around.Primitive oil mills are wasting hundreds of thousands of oil seed during extraction process while thirty thousand tonnes of oil can be extracted from the rice bran which needs attention of the private sector. Per capita use of edible oil in Pakistan stands at 13 litres while its usage is increasing by three percent per annum.Modern refineries can improve extraction and quality of edible oil while providing improved revenue to the government. http://nation.com.pk/business/18-Oct-2015/oil-extraction-from-rice-bran-can-save-pakistan-2-5-billionuig

Rice likely to firm up as prices hit bottom, production declines

By Prabhudatta Mishra Oct 18 2015

Tags: Commodities Thai rice exporters association data show benchmark Asian price is at seven-year low Among the few agriculture commodities that may have good prospects next year, rice could be one. Reason: global inventories are set to fall as production in the second largest exporter, Thailand, is estimated to be at 19-year low.In India, the benchmark Pusa 1121 basmati variety is currently quoted at about $750 a tonne compared with about $1,150 a tonne year ago. Prices of Thai 5-per cent broken white rice, a benchmark in Asia, declined 16 per cent this year to $350 a tonne between January and September.

The scope for a further decline in prices in Thailand and India is limited because global stocks are also falling, said Vijay Setia, a former president of all-India rice exporters association.But rice prices in the US have surged in recent times due to adverse weather conditions. Rough rice futures in Chicago is up 22 per cent during the July-September quarter. The trend may continue as production in the US is likely to dip by 14 per cent in 2015-16 (August-July) crop year to 18.95 billion pounds, according to the US department of agriculture.The rice prices the world over take cues from the Chicago futures market though the US is not a big producer like China or India. China produces about 20 times more than the US, but the latter is estimated to be the world‘s fifth-largest shipper in 2015-16 with a 42 per cent increase over last year.

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Global stockpiles of rice are seen to fall for a third consecutive year. Production in Thailand may fall because of dry weather induced by El Nino causing the global output to drop for the first time since 2009-10 even as demand grows for the sixth year, USDA data show. According to the USDA, total output in the world will drop to 475.8 million tonne from 478.6 million tonne in 2014-15.The Thai rice exporters association data show that the benchmark Asian price is at a seven-year low. As the world looks to Thailand, production in the south-east Asian country may decline to as low as 22.98 million tonne in 2015-16, down by 30 per cent, from over 32 million tonne a year earlier. Thai farmers have reduced planting areas under rice at the advice of the government, which is concerned about depleting water reservoir levels.

In India, as basmati is a benchmark in the nation‘s exports, the government swung to action when its prices fell below the minimum set rates.Basmati is a long grain aromatic rice grown for many centuries in the specific geographical area, at the Himalayan foothills of the Indian subcontinent, blessed with characteristics extra-long slender grains that elongate at least twice of their original size with a characteristics soft and fluffy texture. Delicious taste, superior aroma and distinct flavour make basmati rice unique among other aromatic long grain rice varieties, according to Apeda.Agro-climatic conditions of the specific geographical area as well as method of harvesting, processing and ageing attribute these characteristic features to basmati rice, Apeda said.

If basmati prices fall below the minimum support price, why shall farmers grow? Until now, export earnings from basmati had been about 40 per cent more than from non-basmati varieties.

In terms of volume, the shipments of basmati are about half of non-basmati or even 60 per cent lower.In India, basmati rice is cultivated in about 1.9 million hectares of land in Punjab, Haryana, western Uttar Pradesh, Uttarakhand, Himachal Pradesh and three districts of Jammu and Kashmir. Pakistan is the only other country where basmati rice is grown.India exported 3.70 million tonne of basmati rice valued at Rs 27,597.87 crore during 2014-15 (April-March). Saudi Arabia, Iran, the United Arab Emirates, Iraq and Kuwait are some of the major buyers of Indian basmati. India accounts for 65 per cent of the world basmati rice trade, and Pakistan the rest, according to Apeda data.

Currently, farmers in Haryana are selling Pusa 1509 variety at Rs 1,550 per quintal and Rs 1,350 in Punjab. The prices in Haryana improved only after FCI started buying the grain. Upset over the falling basmati rice prices, farmers in Punjab have sought Rs 4,500 per quintal rate for Pusa 1509 variety and Rs 5,000 per quintal for Pusa 1121. prabhudata.m@mydigitalfc.com http://www.mydigitalfc.com/commodities/rice-likely-firm-prices-hit-bottom-production-declines-080

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SENATE SUMMONS COMPTROLLER-GENERAL OF NIGERIAN CUSTOMS TO EXPLAIN HIS DECISION TO LIFT BAN ON RICE IMPORTPOLICY Hadassah Egbedi PUBLISHED October 19, 2015In a bid to reduce the surge in the smuggling of rice through land borders, and also to facilitate the resuscitation of domestic industries, the Federal Government imposed a banon rice importation four years ago. Smuggled imported rice was seen as a major threat to the development of Nigeria‘s rice sector; while a 50kg bag of smuggled rice costs about N7000 then, which is about $35 now, locally produced rice costs way higher – about N12,000 ($60).Two weeks ago, Colonel Hameed Ali, Comptroller-General of Customs, ordered the removal of rice from import restriction list, and also re-introduced import duties at land borders, stating that the decision to ban rice was not an effective measure as people have found other means of smuggling the product.

According to Mr. Wale Adeniyi Public Relations Officer of customs, the new measures will enable the Nigerian Customs Service (NCS) ―reorganise their anti-smuggling operations in the border areas and also ensure that all those importers through the borders bring their rice through approved routes and pay their extant duty.‖Following this announcement, the National Rice Millers Association of Nigeria, NRMAN, criticised Colonel Hameed Ali stating that he erred in his decision to lift the ban on importation of rice through the land borders. Mohammed Abubakar, Chairman of NRMAN said the NCS ―overreached its statutory mandate as an enforcement agency in taking such a policy decision.‖Mr. Abubakar said, the success of the custom‘s decision would destroy Nigeria‘s rice value chain attained by the previous administration. ―First of all, the customs does not have the power to do that, it is a matter of national policy and customs do not make national policy. ‖ He further said that the decision was an attempt by the customs to legitimise the smuggling of rice, ―Anyone who gives such directive has smuggling intentions.‖Mr. Abubakar promised that NRMAN would ensure the customs see patriotic reason and rescind the decision. And he very well may have done that as the Senate ad hoc Committee on Rice Waivers recently summoned Col. Ahmed Ali (rtd), to explain his decision to lift the ban on the importation of rice through the land borders.

In a motion moved by Senator Adamu Aliero, he reiterated the statement of Mr Abubakar, saying the Comptroller-General did not have the power to unilaterally lift the ban, adding that the action would undermine local production of rice by Nigerian farmers. Senate President, Bukola Saraki, was in agreement, he stated that as long as policies could suddenly be reversed ‗in this manner‘, promoting local production would remain an illusion.Prior to the implementation of the policy by the government in 2011, smugglers strove to evade the 20 percent customs levy, and therefore sold at a cheaper market price, or below market price, making business bad for genuine importers and local rice farmers. But the implementation of the ban created a level playing field for both local rice producers and genuine importers, thereby increasing the value chain of Nigeria‘s number one staple food over the last few years.

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http://venturesafrica.com/senate-summons-comptroller-general-of-nigerian-customs-to-explain-hisdecision-to-lift-ban-on-rice-importation/

Devendra Fadnavis promises to help rice farmers, millers Gopu Pimplapure,TNN | Oct 19, 2015, 03.58 AM IST

BHANDARA: Indian paddy growing farmers and rice mill owners have to opt for the latest technology if they want to remain competitive at national and international level, said chief minister Devendra Fadnavis while inaugurating the Rice Milling Expo at Gondia on Sunday.Fadnavis lauded Gondia District Rice Millers Association for organizing the expo at Circle Ground and said decentralized paddy purchase policy of Government of Madhya Pradesh and Chhattisgarh has largely benefited paddy farmers and rice millers. He said Maharashtra, in consultation with central government, will take positive decisions to help paddy growing farmers and rice millers out of the present turmoil in a fortnight.He said the state is mulling reduction in electricity tariff as demanded by industrialists in Vidarbha and Marathwada, and state may give bonus to farmers in some other form. He also announced special workshop for both stakeholders with agriculture experts and professors in agriculture universities to benefit farmers and rice millers by introducing new technology. http://timesofindia.indiatimes.com/city/nagpur/Devendra-Fadnavis-promises-to-help-rice-farmersmillers/articleshow/49445109.cms?

Pusa 1121 paddy arrives in market, but buyers wary Rice millers are yet to sell a large quantity of old stock Pusa 1121 paddy being dried in Fazilka. Tribune photo

Praful Chander Nagpal Fazilka, October 18 Even as the Pusa 1121 variety of basmati has started arriving in one of the largest grain markets of the Northern region in Fazilka, the purchase is yet to begin. Rice mill owners, who are bulk buyers of the variety, are hesitant about purchasing basmati due to huge financial losses incurred last year, due to low prices of basmati in the international market.―It will not be viable for rice millers to offer more than Rs 1,700-1,800 per quintal to farmers to meet the input cost to run their mills as the exporters have announced the price of fresh basmati rice as Rs 3,700 to 3,800 per quintal,‖ said Ranjam Kamra, spokesman, Basmati Rice Millers Association, Punjab.There is

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apprehension among rice millers as a large quantity of old stocks is yet to be liquidated.On the other hand, farmers are also worried about the proposed prices of their produce.

Sources said fresh basmati paddy fetched only Rs 1,700 to 1,900 per quintal in other markets of the state. ―The farmers should be offered at least Rs 2,500 per quintal to make the cultivation of basmati viable and to promote diversification,‖ said Om Singh of Pakka Chisti village, who is sitting in the market for the last one week awaiting auction.The sources said farmers were trying to delay bringing their produce to the market in hope of getting remunerative price. Although the state government has announced MSP of all varieties of paddy to be Rs 1,450, the aromatic 1121 variety is sold on higher rates.The economy of the district, particularly Fazilka and Jalalabad subdivisions, is largely dependent on rice trade in the absence of any other industry in this border belt. Paddy is sown in about 97,000 hectares (basmati in 72,000 hectares and parmal in 25,000 hectares) in the district.The farmers and rice millers have demanded that the Centre should introduce an export policy to save its patent product of basmati. http://www.tribuneindia.com/news/punjab/pusa-1121-paddy-arrives-in-market-but-buyerswary/147796.html

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Iraq Update: Chaos Still Reigns BAGHDAD, IRAQ -- Monday, October 19, 2015 Amid reports of corruption

centered around rice tenders conducted by the Iraqi Minister of Trade (MoT), USA Rice has learned a court order was issued over the weekend to arrest the Iraqi Trade Minister and his brother to be investigated for corruption. It remains unclear how this latest shake up will affect the pending or future tenders. A new tender that was to be announced today has been postponed and, according to the Director General of the Grain Board of Iraq, a new tender will be issued either later this week or next regardless of this new situation.USA Rice President & CEO Betsy Ward said, "At this point, USA Rice will await further guidance from our consultant and the U.S. Embassy in Baghdad before proceeding with plans for a visit by members of the Ministry of Trade or the Grain Board."

Contact: Jim Guinn (703) 236-1474

Chef de Riz Named at International Rice Festival

CROWLEY, LA -- Competition was fierce at the 79th annual International Rice Festival's Rice and Creole Cookery Contest sponsored by USA Rice last Friday. Hometown standout Jill Villejoin won the title of Chef de Riz (cooker of rice) based not only on her cooking expertise but also her rice knowledge, including the nutritional value, cooking qualities, and types and

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varieties. Overall winners from the rice-dish categories, called tri-color winners, included: Khloe Pitre of Dry Creek, children's division and Junior Chef de Riz winner; Kallie Pitre of Dry Creek, intermediate division; and Victoria Armentor of New Iberia, teen division. The contest is an opportunity for youth and adults to showcase the many ways that rice can be incorporated into the family diet. "The Volunteers for Family and Community Club (VFC) appreciate the annual support of this contest by USA Rice," said Letha Vincent, contest organizer and Rice and Creole Cookery Contest Chairwoman.

Contact: Randy Jemison (337) 738-7009 From left: Randy Jemison (USA Rice), Victoria Armentor, Jill Villejoin, Kallie Pitre, Khloe Pitre, and Letha Vincent

Crop Progress: 2015 Crop 95 Percent Harvested WASHINGTON, DC -- Ninety-five percent of the nation's 2015 rice acreage is harvested, according to today's U.S. Department of Agriculture's Crop Progress Report.

Rice Harvested, Selected States Week Ending

State

Oct 18, 2014

Oct 11, 2015

Oct 18, 2015

2010-2014 average

Percent Arkansas

90

93

96

91

California

81

65

90

57

Louisiana

100

100

100

100

Mississippi

89

91

98

95

Missouri

77

85

90

86

Texas

100

100

100

100

Six States

90

88

95

87

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CME Group/Closing Rough Rice Futures CME Group (Prelim): Closing Rough Rice Futures for October 19

Month

Price

Net Change

November 2015

$12.105

- $0.005

January 2016

$12.390

- $0.010

March 2016

$12.665

- $0.015

May 2016

$12.905

UNCH

July 2016

$13.100

+ $0.010

September 2016

$12.415

+ $0.050

November 2016

$12.415

+ $0.050

Rice Festival packs Crowley streets KLFY NewsroomPublished: October 16, 2015, 11:18 pm Updated: October 16, 2015, 11:20 pm

The streets of Crowley were packed for the 79th International Rice Festival.The annual Rice Festival continued with lots of music and fun.Guests enjoyed tons of food, a rice cooking contest and the famous international rice eating contest.T-Rouge Mouton told KLFY the rice eating contest is one of his favorite events.―Today I was actually in that contest and I came out second.

I ate 19 scoops of jambalaya.‖‖The Rice Festival is the oldest and largest agricultural festival in Louisiana.Mouton has been coming to the festival since he was a little boy.He says the Cajun atmosphere is what keeps him coming back each year.―You have a good time and you got amazing food and a good atmosphere for a Cajun. I‘m from Crowley and that‘s where you come to have some of the best times of your life.‖‖ Adds MoutonThe festival is held each year to pay tribute to the rice industry, one that has played a major role in the success of southwest Louisiana.Gina Klumpp who owns P&G‘s Snack Wagon told KLFY ―We want to give everybody a taste of Gueydan, Cajun cooking… The food is always a main attraction.‖A Parade will be held Saturday afternoon, which will feature more than 100 units.

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http://klfy.com/2015/10/16/rice-festival-packs-crowley-streets/

Competitors’ tariffs cost U.S. rice producers 1.3 million tons in exports in 2013 Oct 18, 2015Forrest Laws | Delta Farm Press

―What we found is that the policies that have the greatest impact on U.S. production and exports are tariffs,‖ said John Giamalva, one of the analysts for the International Trade Commission. ―If global tariffs had been eliminated on rice in 2013, both U.S. production and exports would have increased by about 1.3 million metric tons that year.‖ Most of the world‘s rice-producing and consuming countries have tariff regimes to encourage domestic production and protect their milling sectors. The tariffs range from a relatively benign 15.2 percent on average for Venezuela to 322.4 percent for Japan.So what would happen if all of those countries eliminated their tariffs and allowed rice to flow freely into their countries? Would it make any difference for U.S. rice producers, millers and exporters?

Analysts with the U.S. International Trade Commission in Washington conducted a study of the competitiveness of the U.S. rice industry and of other factors impacting global rice trade. Three members of their team reported on those findings during the latest in the University of Arkansas‘ Division of Agriculture‘s Food and Agribusiness Webinar series.―What we found is that the policies that have the greatest impact on U.S. production and exports are tariffs,‖ said John Giamalva, one of the analysts. ―If global tariffs had been eliminated on rice in 2013, both U.S. production and exports would have increased by about 1.3 million metric tons that year.‖A number of foreign governments have accused the United States of subsidizing its farmers, in recent years. Brazil brought such a case against the U.S. cotton program to the World Trade Organization in 2004 and won. But the facts are the U.S. provides far less in subsidies and much lower tariffs on agricultural imports than its competitors.

Analysts for the International Trade Commission looked at six types of government policies to assess the impacts of these Government policies on both U.S. and global rice production, consumption and trade. ―Actually what we considered was the removal of these six types of Government policies by category,‖ says Giamalva. ―And although most of the report focused on long grain white rice, the model that we used here, which is the rice flow modeled developed at the University of Arkansas, considers long grain, medium grain and aromatic rice at paddy rice stage, at brown rice, and also at the mill rice stage .The increase of 1.3 million metric tons if tariffs had been removed in 2013 is out of a base production of about 6 million metric tons and exports of 3 million metric tons for the U.S. rice sector. Internationally, with 450 million metric tons of rice produced annually, the impact would have been minimal. ―The reason the tariff elimination would have had the greatest impact on U.S. production and exports is because many countries in the world have very high marginal tariff rates on rice,‖ said Giamalva, noting the countries highlighted in the study have marginal tariff rates on rice of 15 percent and more, including China, India, Indonesia, Philippines and Vietnam. ―Most of the

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impact would have been on medium grain rice because those countries that predominantly consume medium grain rice, Japan and South Korea, have the highest marginal tariff rates on rice. Now this is not their maximum tariff rate on rice; this is the average marginal tariff rate on rice. So therefore if those were eliminated, most of the increase in production and consumption – production and trade would have been in medium grain rice.

To watch the International Trade Commission analysts presentation, visithttp://www.uaex.edu/farm-ranch/economics-marketing/food-agribusinesswebinars/posts/10-07-10-usitc-rice-study.aspx For more information on the University of Arkansas‘ Food and Agribusiness Webinar Page, visit http://www.uaex.edu/farm-ranch/economics-marketing/food-agribusiness-webinars/ http://deltafarmpress.com/rice/competitors-tariffs-cost-us-rice-producers-13-million-tons-exports-2013

Global body gives green light for food crop genetic search engine ABC Rural

By Clint Jasper PHOTO: A new global index of food crop genetics will help researchers breed better crop varieties that could help tackle hunger and poverty in the developing world.(Clint Jasper) MAP: Adelaide 5000

Government agencies and nongovernment organisations hope an online, easy to search database of food crop genetics will be an important tool in addressing hunger and poverty in developing nations.The 139 signatories to the International Treaty on Plant Genetic Resources for Food and Agriculture gave the project, known as the Global Information System (GLIS), the green light at a meeting in Rome recently.Media player: "Space" to play, "M" to mute, "left" and "right" to seek.

00:00

00:00

AUDIO: The International Rice Research Institute's Ruaraid Hamilton and Australia's chief plant protection officer, Dr Kim Ritman explain the importance of a new, virtual gene library(ABC Rural) The Treaty's governing body, chaired by Australia since 2013, hopes establishing a searchengine for food crop genetics will speed up research efforts aimed at breeding and developing higher yielding crop varieties with new traits like salt, drought and heat tolerance.The first contribution to the project has already been made by the Philippines-based International Rice Research Institute."One of the key design features of the system is that it will not attempt to

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create a copy of all the information that's out there into one database," said Institute head of genetic resources Ruaraid Sackville Hamilton."Rather the GLIS will be an index that points users in the direction of the many databases that already exist around the world, without replacing them.

It is a bit like the search-engines Google or Bing, they are indexes of information held on other people's websites."

Ruaraid Hamilton, International Rice Research Institute "It is a bit like the search-engines Google or Bing, they are indexes of information held on other people's websites."The famous Svalbard Global Seed Vault in Norway, and other similar genetic repositories, such as a facility in Horsham, Victoria, will be asked to provide public access to digital information about the genetics held in their collections.Many gene banks contain rarely used, low yielding varieties of major food crops, like wheat, barley, rice and corn, however these rare species can often contain useful genetic traits, like disease resistance, drought or frost tolerance.Mr Hamilton said by creating an index of information about these traits will help researchers breed better varieties."If you can transfer specific desirable plant characteristics from the old varieties into the new varieties, then you create something that's better than the best."That is the primary way in which we help developing countries.

"In making the initial contribution to GLIS, the International Rice Research Institute has 'exposed' its central index, and now researchers, breeders and farmers from across the globe can search for new genes and the traits they express for their breeding programs and projects.Australia has contributed over $1.5 million to the Treaty since 2009, according to the Department of Agriculture and Water Resources.The department's chief plant protection officer, Dr Kim Ritman said the Treaty had advanced significantly under Australia's leadership, and the approval to get GLIS underway was a significant milestone."Australia has been instrumental in the Treaty since it was established in 2004, and we have put in roughly about $1.5 million since 2009," Dr Ritman said."Australia sees this as really important because we want to share the information stored in our national genetic resource centres in Horsham and Adelaide, and in return we get access to genetic information from around the world."

Topics: community-development, wheat, rice, research, research-organisations, genetics, adelaide-5000,sydney2000, brisbane-4000, darwin-0800, hobart-7000, melbourne-3000, perth-6000

http://www.abc.net.au/news/2015-10-20/virtual-gene-bank-gets-green-light/6864776

Vietnam's Mekong Delta in desperate shortage of fresh water TUOI TRE NEWS Updated : 10/17/2015 16:08 GMT + 7 The Mekong Delta of Vietnam with wide system of rivers and canals interlacing has been in a desperate shortage of fresh water for cultivation in the coming rice season.

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The General Department of Irrigation under the Ministry of Agriculture and Rural Development held a meeting on Friday in the local province of Ben Tre to discuss solutions to deal with the circumstance.Dang Van Dung, vice director of the Southern Hydrometeorology Station, told the meeting that the raining season in Vietnam came around two months late this year and raining has not occurred evenly over the region.The water level upstream Mekong River from May this year has been lower than the average level, and at some points 1 – 2 meters lower than the lowest level recorded before.The low rainfall certainly incurs sea water reaching deeper into rice fields and other farming land in the mainland.

A representative of the Southern Institute of Water Resources Research remarked that the penetration of sea water onto farming land this year may be more serious due to low fresh water.Dung added the average temperature from May to October this year was 1 – 1.8 degree Celsius higher the same period of previous years, he added.The total rainfall during the first nine months this year in the south reached averagely 600 – 1,500mm, down 20 – 50 percent compared to the same time of previous years.Especially, the total rainfall measured at stations on Mekong River during the first four months of this raining season – from June to September – was 30 – 50 percent lower than the same time of the last few years.

Dung predicted that the total rainfall in the south from October 2015 to April 2016 will be 20-40 percent less than the average level in previous years.At the same time, the average temperature will likely be 0.5 – 1.5 degree Celsius higher than before.Nguyen Thanh Can, director of Tien Giang Department of Agriculture and Rural Development, said 2,000 hectares of rice field in the locality have been damaged by sea water.The other province in the Mekong Delta, Hau Giang has 5,000 out of 75,000 hectares of rice field damaged by sea water.Ben Tre Province has 6,500 hectares of farming land badly affected. http://webcache.googleusercontent.com/search?q=cache:8Tx_ZZYD43UJ:tuoitrenews.vn/society/31044/v ietnam-s-mekong-delta-in-desperate-shortage-of-fresh-water+&cd=1&hl=en&ct=clnk&gl=pk

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Sharp decline in rice trade feared Friday, October-16-2015

Pakistan's rice trade is facing severe challenges due to rising cost of agricultural inputs and its export may decline sharply during this fiscal year. Noman Ahmed Shaikh, Senior Vice Chairman, Rice Exporters Association of Pakistan (REAP) has said that rice export trade, the second largest earner of valuable foreign exchange for the country, is continually being neglected by the federal government."Owing to high cost of agricultural inputs including fertiliser, electricity, water and lack of seeds development, Pakistan's rice is uncompetitive in international market especially Basmati varieties," he added.Presently, Indian rice exporters are offering as low as $300 per Metric Ton price for Basmati rice in the world market. As the prices of Indian rice were much lower than Pakistan, major importing countries and international buyers were switching to Indian rice, Noman informed.

"We have rice stocks of some 0.5 million tons rice, having a value of more than a billion dollar, of previous year's crop, while new crop paddy arrival is expected in the market by October-end," he said, adding that it was an alarming situation for the rice trade as previous stocks were still lying in the godowns and new crop would arrive in next two weeks, resulted in losses to the growers."In the current situation, exporters are not in a position to buy paddy from growers due to shortage of cash flow as their finance limit have already been choked.It believed that rice growers will not get a good price of their commodity due to availability of previous stocks in the market, therefore the government should take some immediate measurers to support the growers," senior vice chairman REAP demanded.

"We (exporters) are even not in the position to pay back dues of export refinance facility instantly because rice is still in millers' stock and financial charges on these stocks are daily increasing the cost," he mentioned.Noman said that in order to save the rice stocks from pesticides, it needed regular fumigation to avoid damage of commodity, resulted in an additional burden on the exporters.He said last month Prime Minister of Pakistan Nawaz Sharif convened a high-level meeting with all leading exporting sectors including rice.During that meeting former chairman REAP Rafique Suleman presented a detailed proposal to protect the growers as well as exporters from huge losses, however unfortunately none of demand is so far accepted. "Our major demand is withdrawal of 3.5 percent withholding tax on local purchase of rice and repayment of Export Refinance loans in 360 days instead of current 180 days," he mentionedSenior Vice Chairman REAP said rice export sector was the only sector which had shown the outstanding performance during a very short span of time of 10-12 years by massive surge in the export.

With the struggle and efforts of rice exporters, Pakistan's rice export has reached near $2 billion by end of FY15, compared to only $300 million in FY05."We assured the federal government

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that the implementation on the REAP's suggestions not only save the growers and exporters from huge losses but also help to expand rice exports to over $4 billion within next three years," Noman said.He proposed subsidy on agricultural inputs such as seed, water, diesel, electricity, besides measurers to enhance the per acre yield."We demand that Rice Research Institute should work on a mage project to minimise the input cost and increase the yield and quality of Pakistani rice, so that cost of paddy will be reduced and exporters can compete in the world market.In addition, to protect Basmati rice export trade, Pakistan must focus on the markets of Iran and Saudi Arabia, as these are the major importing countries of Basmati rice.In this regard legal and official banking channel should be developed that can help to start official rice export to neighbouring country Iran, which has already lifted a ban on the commodity import from Pakistan," he suggested.

News Source

News Collated by

PAKISSAN.com http://pakissan.com/english/news/newsDetail.php?newsid=29987

Basmati prices lower than 2015's, despite PDS purchases Prices rise to Rs 1,400-1,500 per quintal after PDS purchases, lower than Rs 2,500 per quintal last year Vijay C Roy & Sanjeeb Mukherjee | New Delhi October 20, 2015 Last Updated at 00:29 IST Basmati rice exporters in a fix over falling pricesBasmati exporters' realisations down 18%Lifting of Iran sanctions boon for basmatiBranded basmati sales to touch 2.9 mtFarmers unlikely to raise basmati acreage. Procurement of basmati rice by state agencies from Punjab and Haryana, along with normal paddy this year, has not yet improved the market sentiment, with traders reluctant to quote a price higher than that offered by the state agencies.Though early days, data sourced from Punjab State Agricultural Marketing Board shows that till Friday, around 2.4 million tonnes of paddy had been procured by state agencies, of which basmati rice was 0.15 million tonnes. In Haryana, of the 2.4 million tonnes of paddy, less than 20 per cent was basmati rice.Before central government intervention, Pusa 1509 basmati was selling at Rs 900-1,100 per quintal, which has now risen to Rs 1,4001,500 per quintal, but it is less than the Rs 2,500 per quintal a year ago.―We are yet to get the price we were getting last year,‖ Gurmeet Singh, a farmer from the Mohali district of Punjab told the Business Standard.

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He said the government intervention had helped them to some extent but not what they were anticipating as of now.―Before government intervention, basmati prices were sold at Rs 900 per quintal. As the state agencies stepped up the procurement process, the farmers were benefited by Rs 300-400 per quintal,‖ Singh added.Another problem which some traders pointed out with Pusa 1509 is that, rice recovered from it after milling is less than normal paddy, hence, realisation is still lower.

As compared to normal rice, a quintal of Pusa 1509 gives around 52 per cent rice after milling, while in normal rice it is 67 per cent.Last month, as prices of basmati, especially Pusa 1509, fell sharply, the Centre allowed the state procurement agencies of Punjab and Haryana to buy this paddy variety as Grade A at the minimum support price (MSP) of Rs 1,450 per quintal — the same MSP as non-basmati.In Punjab and Haryana, bulk of paddy is procured by the state agencies on behalf of Food Corporation of India (FCI) annually. Data from FCI show till Friday, 2.9 million tonnes of rice have been purchased by FCI either directly or through the state agencies from across the country in the 2015-16 crop marketing season that started from October, which is 0.93 million tonnes more than last year.The increase mainly has been due to higher procurement in Punjab and Haryana.

Business Standard

BASMATI RICE EXPORT PRICE TO BOUNCE BACK BY DECEMBER, SAY EXPERTS October 17, 2015 | 2:48pm IST.

Average export price of basmati rice declined to $929 per tonne during April-August 2015 from $1,415 per tonne a year ago Deepak Kumar | The Dollar Business

Even though the realisation from basmati rice exports is shrinking to a record low, industry experts hope that the prices would bounce back by early December primarily due to an increase in demand from the Middle East and Iran.―Reliasation is not as high as it should be. It is definitely lower than the last year. There has been a slowdown in Iran as far as importing price is concerned. Once new orders start coming in from Iran and Saudi Arabia, basmati exports value will increase. We expect its price to go up by early December,‖ R Sundaresan, Executive Director of All India Rice Exporters Association (AIREA), told The Dollar Business.Even though the volume of basmati rice exports increased by 16.92% during April-August this fiscal, its exports in value terms declined by 23.15% over the same period last year.During this period, India exported about 16.78 lakh tonnes of basmati rice worth $1.56 billion (over Rs.9.9 thousand crore) as compared to 14.35 lakh tonnes worth 2.03 billion (Rs.12.18 thousand crore) during the corresponding period of 2014-15.―There are a lot of rumors in the market but our data shows that domestic production and exports are more or less same as last year. There has been a little

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slowdown in basmati rice demand in Iran, but that shortfall has been compensated by an increase of demand in Saudi Arabia. The balance is maintained,‖ Sundaresan said.Despite a surge in export volume by as much as 2.43 lakh tonnes, its overall relaisation remained less by a significant margin.The drop in realisation was attributed to lower average price of basmati rice, which declined to $929 per tonne during April-August 2015 from $1,415 per tonne a year ago.

The slowdown was triggered by several domestic as well as international factors, including weak international demand, poor quality and huge carryover stock.―Iran remains one of our major markets. But exports to Iran have been hit by surplus stocks in Iran and an increase in import duty. The government has recently announced that it will set up a high level committee of agricultural experts to discuss this issue,‖ another industry expert told The Dollar Business.[/sociallocker]

Rice likely to firm up as prices hit bottom, production declines

By Prabhudatta Mishra Oct 18 2015

Thai rice exporters association data show benchmark Asian price is at seven-year low

Among the few agriculture commodities that may have good prospects next year, rice could be one. Reason: global inventories are set to fall as production in the second largest exporter, Thailand, is estimated to be at 19-year low.In India, the benchmark Pusa 1121 basmati variety is currently quoted at about $750 a tonne compared with about $1,150 a tonne year ago. Prices of

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Thai 5-per cent broken white rice, a benchmark in Asia, declined 16 per cent this year to $350 a tonne between January and September. The scope for a further decline in prices in Thailand and India is limited because global stocks are also falling, said Vijay Setia, a former president of allIndia rice exporters association.

But rice prices in the US have surged in recent times due to adverse weather conditions. Rough rice futures in Chicago is up 22 per cent during the July-September quarter. The trend may continue as production in the US is likely to dip by 14 per cent in 2015-16 (August-July) crop year to 18.95 billion pounds, according to the US department of agriculture.The rice prices the world over take cues from the Chicago futures market though the US is not a big producer like China or India. China produces about 20 times more than the US, but the latter is estimated to be the world‘s fifth-largest shipper in 2015-16 with a 42 per cent increase over last year.

Global stockpiles of rice are seen to fall for a third consecutive year. Production in Thailand may fall because of dry weather induced by El Nino causing the global output to drop for the first time since 2009-10 even as demand grows for the sixth year, USDA data show. According to the USDA, total output in the world will drop to 475.8 million tonne from 478.6 million tonne in 2014-15.The Thai rice exporters association data show that the benchmark Asian price is at a seven-year low. As the world looks to Thailand, production in the south-east Asian country may decline to as low as 22.98 million tonne in 2015-16, down by 30 per cent, from over 32 million tonne a year earlier.

Thai farmers have reduced planting areas under rice at the advice of the government, which is concerned about depleting water reservoir levels.In India, as basmati is a benchmark in the nation‘s exports, the government swung to action when its prices fell below the minimum set rates.Basmati is a long grain aromatic rice grown for many centuries in the specific geographical area, at the Himalayan foothills of the Indian sub-continent, blessed with characteristics extralong slender grains that elongate at least twice of their original size with a characteristics soft and fluffy texture. Delicious taste, superior aroma and distinct flavour make basmati rice unique among other aromatic long grain rice varieties, according to Apeda.Agro-climatic conditions of the specific geographical area as well as method of harvesting, processing and ageing attribute these characteristic features to basmati rice, Apeda said.If basmati prices fall below the minimum support price, why shall farmers grow? Until now, export earnings from basmati had been about 40 per cent more than from non-basmati varieties.

In terms of volume, the shipments ofbasmati are about half of non-basmati or even 60 per cent lower.In India, basmati rice is cultivated in about 1.9 million hectares of land in Punjab, Haryana, western Uttar Pradesh, Uttarakhand, Himachal Pradesh and three districts of Jammu and Kashmir. Pakistan is the only other country where basmati rice is grown.India exported 3.70 million tonne of basmati rice valued at Rs 27,597.87 crore during 2014-15 (April-March). Saudi Arabia, Iran, the United Arab Emirates, Iraq and Kuwait are some of the major buyers of Indian

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basmati. India accounts for 65 per cent of the world basmati rice trade, and Pakistan the rest, according to Apeda data.Currently, farmers in Haryana are selling Pusa 1509 variety at Rs 1,550 per quintal and Rs 1,350 in Punjab. The prices in Haryana improved only after FCI started buying the grain. Upset over the falling basmati rice prices, farmers in Punjab have sought Rs 4,500 per quintal rate for Pusa 1509 variety and Rs 5,000 per quintal for Pusa 1121. prabhudata.m@mydigitalfc.com http://www.mydigitalfc.com/commodities/rice-likely-firm-prices-hit-bottom-production-declines-080

GI tag sought to preserve uniqueness of basmati

By Prabhudatta Mishra Oct 18 2015 , New Delhi Tags: Commodities

Special identity to open more markets for export of aromatic rice The government should accord the geographical indication (GI) tag to basmati rice as soon as possible if the uniqueness of rice variety is to be preserved as prices fall and to facilitate this, there is immediate need for a pro-active role by the Centre.In the next hearing scheduled in the first week of November, the appellate authority of the geographical indication registry will hear the views of agricultural and processed food products export development authority (Apeda) and others that challenge inclusion of some parts of Madhya Pradesh under the geographical boundary where basmati rice can be grown.Madhya Pradesh was allowed to grow basmati in Morena, Bhind, Gwalior, Sheopur, Datia, Shivpuri, Guna, Vidisha, Raisen, Sehore, Hoshangabad, Jabalpur and Narsinghpur and the GI areas will cover these districts too.A geographical indication (GI) is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. In order to function as a GI, a sign must identify a product as originating in a given place.

Apeda challenged the order of assistant registrar of geographical indications at the Chennaibased intellectual property appellate board (IPAB) in an appeal in early 2014. The state government opposed that.Pakistan‘s Lahore-based basmati growers‘ association (BGA) also challenged the decision to allow Madhya Pradesh to grow basmati.Apeda is said to have spent more than Rs 7.6 crore on fighting legal battle in many countries, including the US, over basmati rice.―There is impending need to protect the exclusivity of basmati, otherwise it will be more serious, even greater than the whitefly attack on Punjab‘s cotton crops,‖ said KV Prabhu, joint director at New Delhi-based Indian Agricultural Research Institute (IGRI). He requested the Indian Council of Agriculture Research director general, S Ayyappan, to intervene on this issue at a conference.If basmati prices fall below the minimum support price, there will be no incentive for farmers to cultivate it. Until now, export earning from basmati had been about 40 per cent more than from non-basmati varieties.

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On the other hand, in terms of volume, the shipments of basmati are about half of non-basmati or even 60 per cent lower, he said.There are countries like China and Mexico that put non-tariff barriers to restrict market access for basmati rice. By according a GI tag, it will be helpful to bargain with these countries to allow import of basmati rice into their countries, Prabhu said.India has so far seven varieties of rice that have the GI tag, but basmati is not on the list yet.

Kerala‘s Navara, Palakkadan Matta, Pokkali, Wayanad Jeerakasala, Wayanad Gandhakasala, Kaipad and Uttar Pradesh‘ Kalanamak have received GI approval.

There are about 12 basmati varieties that have been notified under the Seeds Act.India exported 3.70 million tonne of basmati rice valued at Rs 27,597.87 crore during 2014-15 (AprilMarch).Saudi Arabia, Iran, the United Arab Emirates, Iraq and Kuwait are some of the major buyers of Indian basmati. India has a share of 65 per cent in world‘s basmati rice trade, while the only other producer Pakistan accounts for the rest, according to Apeda data.Currently, farmers in Haryana are selling Pusa 1509 variety of paddy at Rs 1,550 per quintal and Rs 1,350 in Punjab.

The prices in Haryana improved only after FCI started buying the grain, said Vijay Setia, a former president of the all India rice exporters association. prabhudatta.m@mydigitalfc.com

http://www.mydigitalfc.com/commodities/gi-tag-sought-preserve-uniqueness-basmati-096

Arkansas Farm Bureau Daily Commodity Report A comprehensive daily commodity market report for Arkansas agricultural commodities with cash markets, futures and insightful analysis and commentary from Arkansas Farm Bureau commodity analysts.

Noteworthy benchmark price levels of interest to farmers and ranchers, as well as long-term commodity market trends which are developing. Daily fundamental market influences and technical factors are noted and discussed.

Soybeans High Low Cash Bids 920

860

New Crop 937

881

Riceland Foods Cash Bids Stuttgart:

Pendleton:

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| 25 New Crop Stuttgart:

Pendleton:

Futures:

High

Low

Last

Change

Nov '15 900.50

890.75

891.00

-7.25

Jan '16 904.00

895.25

895.50

-6.50

Mar '16 907.25

898.00

898.50

-7.00

May '16 911.50

902.50

903.00

-6.50

Jul '16 917.25

908.00

908.25

-6.75

Aug '16 915.75

908.00

907.75

-6.25

Sep '16 907.25

901.00

900.00

-5.25

Nov '16 905.00

898.25

898.25

-4.25

Jan '17 908.25

904.75

903.50

-4.25

Arkansas Daily Grain Report FOB Memphis Elevator Crops

Soybean Comment Soybeans were lower today as forecast for rains in Brazil should help boost planting progress there. This bearish news overshadowed today's export report which showed continued strong export inspections and another sale to China. Look for this news to provide underlying support for prices and help limit losses in coming days.

Wheat High Low Cash Bids 482

471

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| 26 New Crop 500

428

Futures:

High

Low

Last

Change

Dec '15 493.50

484.25

485.75

-6.50

Mar '16 501.00

491.75

493.25

-6.75

May '16 505.50

496.50

497.75

-7.25

Jul '16 508.25

499.75

501.00

-7.50

Sep '16 517.00

508.50

509.25

-8.00

Dec '16 530.25

523.00

523.50

-8.00

Mar '17 535.00

535.00

535.25

-7.75

May '17

535.50

-7.75

Jul '17

524.75

-5.75

Arkansas Daily Grain Report FOB Memphis Elevator Crops

Wheat Comment Wheat prices continue to slide today as bearish fundamentals continue to drive prices. Beneficial rains combined with weakness in other markets sent wheat to new 4-week lows today. Wheat Is likely to remain weak as a poor fundamental picture remains a drag on prices.

Grain Sorghum High Low Cash Bids 387

318

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| 27 New Crop 388

338

Arkansas Daily Grain Report FOB Memphis Elevator Crops

Corn High Low Cash Bids 386

349

New Crop 408

375

Futures:

High

Low

Last

Change

Dec '15 377.50

372.50

373.00

-3.75

Mar '16 388.25

383.25

383.75

-4.00

May '16 394.25

389.75

390.50

-3.50

Jul '16 399.50

395.00

395.75

-3.50

Sep '16 397.50

393.25

393.75

-3.50

Dec '16 404.75

400.50

401.00

-3.50

Mar '17 412.75

410.75

410.50

-3.75

May '17 419.00

418.00

416.50

-3.50

Jul '17 424.00

421.75

421.00

-3.00

Arkansas Daily Grain Report

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FOB Memphis Elevator Crops

Corn Comment Corn prices closed lower again today. Prices remain under pressure as harvest progresses quickly and dollar continues to rise. While the stock situation still looks better than originally thought, the fact that stocks remain above 1.5 billion bushels and low oil prices and strong dollar have the potential to lower demand and raise stocks.

Cotton Futures:

High

Low

Last Change

Dec '15 64.07

62.96

63.24

-0.61

Mar '16 63.89

62.85

63.12

-0.58

Dec '16 64.04

63.19

63.37

-0.39

Memphis, TN Cotton and Tobacco Programs

Cotton Comment December cotton futures ended lower after again failing at resistance at 64 cents in early dealings. Data out of China shows their imports are down 42% during the first nine months of the year, and September's were particularly dismal, down 60%. The recent rally has been fueled by smaller U.S. production and severe quality issues to the crop on the East coast after Hurricane Joaquin flooded many fields. Also supportive is news that the crop in India and Pakistan will be short. However, the smaller crop there has caused prices to soar, and the All World Price right along with them. That means the LDP for U.S. farmers has been cut in half over the past few weeks.

Rice High Low Long Grain Cash Bids Long Grain New Crop

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Futures:

High

Low

Last

Change

Nov '15 1220.5

1206.5

1210.5

-0.5

Jan '16 1249.5

1236.0

1239.0

-1.0

Mar '16 1271.5

1264.5

1266.5

-1.5

May '16 1290.0

1287.5

1290.5

0.0

Jul '16

1310.0

+1.0

Sep '16

1241.5

+5.0

Nov '16

1241.5

+5.0

Rice Comment Rice futures were mostly lower. November continues to find support near $12, which is the 38% retracement level. The recent rally has stalled and a round of profit taking quickly took $1.40 off the market over the past two weeks. The market is still trending higher, however. Global production problems have helped support the market since the summer. Disappointing U.S. yields have likely been built into prices at this point.

Cattle Futures: Live Cattle:

High

Low

Last

Change

Oct '15 139.000

137.525

137.950

+2.000

Dec '15 142.575

140.400

141.450

+2.025

Feb '16 143.825

142.100

142.650

+1.325

Apr '16 142.600

141.200

141.700

+1.175

Jun '16 133.250

132.250

132.425

+0.800

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Aug '16 130.575

129.700

129.725

+0.750

Oct '16 132.600

131.475

131.750

+0.775

Dec '16 133.800

132.950

132.950

+0.625

Feb '17 133.300

132.700

132.825

+0.875

Low

Last

Change

Oct '15 196.100

194.575

194.925

+1.125

Nov '15 193.450

191.350

192.000

+1.850

Jan '16 185.175

183.325

183.650

+1.275

Mar '16 182.250

180.350

180.450

+0.800

Apr '16 182.325

180.325

180.875

+1.100

May '16 182.325

180.575

181.025

+1.100

Aug '16 183.000

180.975

181.125

+0.775

Sep '16 181.600

181.600

181.200

+1.650

Feeders:

High

Arkansas Prices Ash Flat Livestock Auction Ola Livestock Auction Springdale Livestock Auction Oklahoma City Oklahoma City - Feeder Cattle Auction Weighted Average Report

Cattle Comment Cattle prices started the week on another positive close. Continued increases in boxed beef prices and improving cash prices remain supportive of livestock prices.

Hogs

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Futures:

High

Low

Last

Change

Dec '15 66.725

65.025

66.025

+0.450

Feb '16 68.925

67.750

68.000

-0.450

Apr '16 72.125

71.175

71.350

-0.600

May '16 76.675

76.650

76.300

-0.225

Jun '16 79.850

79.025

79.125

-0.500

Jul '16 79.275

78.525

78.550

-0.550

Aug '16 78.375

77.900

77.900

-0.275

Oct '16 68.675

68.350

68.625

-0.125

Dec '16 66.275

66.000

66.025

-0.350

Hog Comment

Shell Eggs Daily Midwest Regional Eggs Daily New York Eggs

National Turkeys Weekly Weighted Average Prices for Whole Young Turkeys

Delmarva Broilers Daily Southern Broiler/Fryers

http://www.arfb.com/ag-markets-statistics/report/

APEDA Commodity News from India International Benchmark Price Price on: 19-10-2015

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Product

Benchmark Indicators Name

Price

1

Turkish No. 2 whole pitted, CIF UK (USD/t)

4875

2

Turkish No. 4 whole pitted, CIF UK (USD/t)

4375

3

Turkish size 8, CIF UK (USD/t)

3625

1

Argentine 85mm, CIF NW Europe (USD/t)

3080

2

Australian extra light/light amber, CIF NW Europe (USD/t)

4700

3

Chinese extra light amber, CIF NW Europe (USD/t)

1925

Apricots

Honey

Guar Gum Powder 1

Indian 100 mesh 3500 cps, FOB Kandla (USD/t)

2210

2

Indian 200 mesh 3500 cps basis, FOB Kandla (USD/t)

1550

3

Indian 200 mesh 5000 cps, FOB Kandla (USD/t)

2650

Source:agra-net

For more info

Market Watch Commodity-wise, Market-wise Daily Price on 17-10-2015 Domestic Prices Product

Unit Price : Rs per Qty

Market Center

Variety

Min Price

Max Price

Gulbarga (Karnataka)

Hybrid

1132

1432

Jowar(Sorgham) 1

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| 33

2

Solapur (Maharashtra)

Other

1816

2901

3

Deoli (Rajasthan)

Other

1150

1400

1

Soundati (Karnataka)

Local

1300

1480

2

Pune (Maharashtra)

Other

1600

1800

3

Derol (Gujarat)

Other

1300

1315

1

Solan (Himachal Pradesh)

Other

2200

2500

2

Jalore (Rajasthan)

Other

1000

1200

3

Sirhind (Punjab)

Other

1500

2300

1

Chala (Kerala)

Other

1700

1754

2

Ahmedabad (Gujarat)

Other

500

1200

3

Mumbai (Maharashtra)

Other

800

1600

Maize

Papaya

Brinjal

Source:agmarknet.nic.in

For more info

Egg

Rs per 100 No Price on 19-10-2015 Product

Market Center

Price

1

Pune

327

2

Mysore

335

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| 34

3

Nagapur

300

Source: e2necc.com Unit Price : US$ per package

Other International Prices

Price on 19-10-2015 Product

Market Center

Origin

Variety

Low

Potatoes

High Package: 50 lb cartons

1

Atlanta

Colorado

Russet

16

17

2

Chicago

Idaho

Russet

11

14.50

3

Detroit

Oregon

Russet

12.50

13.50

Carrots

Package: 20 1-lb film bags

1

Atlanta

California

Baby Peeled

20

20.75

2

Chicago

California

Baby Peeled

17

17.50

3

Dallas

Arizona

Baby Peeled

17

17.50

Grapefruit

Package: 4/5 bushel cartons

1

Atlanta

2

Detroit

3

New York

Florida

Red

20.50

20.50

Florida

Red

15.50

20.50

Florida

Red

21

21

Source:USDA

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