14th may ,2016 daily global,regional & local rice enewsletter by riceplus magazine
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Daily Global Rice E-Newsletter 2016
www.ricepluss.com www.riceplusmagazine.blogspot.com For information : Mujahid Ali [email protected] 0321 369 2874
1
www.ricepluss.com www.riceplusmagazine.blogspot.com
Vol 7,Issue V May 14 ,2016
Daily Global Rice E-Newsletter 2016
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2
Editorial Board Chief Editor
Hamlik Managing Editor
Abdul Sattar Shah
Rahmat Ullah
Rozeen Shaukat English Editor
Maryam Editor
Legal Advisor
Advocate Zaheer Minhas
Editorial Associates
Admiral (R) Hamid Khalid
Javed Islam Agha
Ch.Hamid Malhi
Dr.Akhtar Hussain
Dr.Fayyaz Ahmad Siddiqui
Dr.Abdul Rasheed (UAF)
Islam Akhtar Khan Editorial Advisory Board
Dr.Malik Mohammad Hashim Assistant Professor, Gomal University DIK
Dr.Hasina Gul Assistant Director, Agriculture KPK
Dr.Hidayat Ullah Assistant Professor, University of Swabi
Dr.Abdul Basir Assistant Professor, University of Swabi
Zahid Mehmood PSO,NIFA Peshawar
Falak Naz Shah Head Food Science & Technology ART, Peshawar
Today Rice News Headlines...
REAP wins Iran rice export order but lack of banking channel still a
hurdle
Pakistan again enters Iranian market after six years gap
Project IPaD produces new breed of extension workers
Ag School Senior Named Presidential Scholar For Her Many
Research Projects
Robert Coats: Rice supply, demand: USDA estimates - May 2016
California Rice Farmers Optimistic After Wet Winter, Spring
A crazy decision led Thailand to stockpile tons of rice, but everything
could be about to change
Thailand's plan to sell stockpiled rice sparks concerns
Agriculture ministry to repair dams, bolster rice production
Climate pendulum is swinging rapidly from El Niño to La Niña
Egypt to import 80,000 tonnes of rice ahead of Ramadan
Monsoon to hit Kerala between May 28 & 30: Skymet
Agriculture ministry to repair dams, bolster rice production
05/13/2016 Farm Bureau Market Report
Spring Whole Grain is Packed Full and on the Way
Arkansas NRCS Ups the EQIP Ante
Upcoming Rice Field Days: Mark Your Calendar and Plan to Attend
the Event in Your Area
Rice millers still reeling from loss of Venezuelan market– Millers and
Exporters assoc.
APEDA AgriExchange Newsletter - Volume 1472
NAC likely to finalise GDP figure on 16th
U of A Chancellor to visit Stuttgart
News Detail...
REAP wins Iran rice export order but lack of
banking channel still a hurdle May 14, 2016
Salman Abduhu
Daily Global Rice E-Newsletter 2016
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LAHORE - Country’s rice
exporters have booked new orders
to export around 30,000 tonnes of
rice to Iran after a gap of more
than six years.This was disclosed
by Rice Exporters Association of
Pakistan Chairman Ch Shafique
after a 22-member exporters’
delegation, headed by him,
returned to home after a week-
long visit to Iran.
―We had very fruitful meetings
with Iranian buyers and most of
REAP members have booked
their orders of rice export for
May-June, 2016.
But there is still a problem of
currency swap arrangements with
Iranian banks,‖ he said.
Iran is one of the biggest
importers of Basmati Rice, he informed.
The delegation visited Tehran as well as the city of Mashhad where they had meetings with
Tehran Chamber of Commerce, Industries and Mines and Mashhad Chamber of Commerce and
Industry.The deliberations were aimed at increasing bilateral trade and investment between the
two friendly countries.He said the REAP discussed the issues related to the resumption of rice
exports, which nosedived after sanctions, from Pakistan, implementation of currency swap
agreement and the condition of good manufacturing practices (GMP) certification with Iranian
authorities.
These dialogues between the leading businessmen and industrialists were meant to inspire the
Iranian importers as well as investors to explore the healthy business opportunities in Pakistan,
and foster new profitable ventures.
The REAP members also invited the Iranians to visit Pakistan, where Association could arrange
fruitful B2B meetings with progressive business groups, to seek fresh collaborative ventures.
Pakistan exporters’ team also held meetings with Government Trading Corporation (GTC) of
Iran, besides meeting with Health Ministry officials to raise the issue of GMP certification for
Pakistani rice exporters, which presently has become a major hurdle in the way of rice export to
Iran.
With a view to enhance liaison between the businessmen of two countries, the REAP members’
group held B2B meetings with Rice Importers Association of Iran.
Daily Global Rice E-Newsletter 2016
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4
The REAP chairman also called on the Pakistan commercial counsel in Mashhad.―I hope that the
country would regain its share in the Iranian market, which can become the good destination for
their basmati exports.‖
Shafique Ch said that the restart of rice export to Iran remained ineffective, as no appropriate
currency transfer arrangements have been made through State Bank of Pakistan so far.
―Although rice exporters have managed to book orders of around 30,000 tons rice export but we
don’t seem to take advantage of this opportunity yet, because lack of proper banking channel still
remains a major hurdle.
‖ Though our Gulf rice market has squeezed yet we can compensate this loss by diverting our
supply to Iran, he claimed.―Keeping in view of the current situation we request the Finance
Minister Ishaq Dar, Trade Development Authority of Pakistan and SBP to look into the matter
and try to arrange currency channel for issuance of ―E‖ Form from the commercial banks
through Swift Bank in Euro or to open irrevocable letter of credit in favour of the exporters.
‖
The REAP chairman also requested the government to approve new rice seed variety developed
by the Kalashah Kaku Research Institute and National Institute for Biotechnology and Genetic
Engineering to enhance our yield.
http://nation.com.pk/business/14-May-2016/reap-wins-iran-rice-export-order-but-lack-of-banking-channel-
still-a-hurdle
Pakistan again enters Iranian market after six years gap May 13, 2016, 6:37 pm
Salman Abduhu
Pakistan has reentered the Iranian market after a gap of more than six years, as the country’s rice
exporters have booked new orders of around 30,000 tons of rice export during their visit to
Tehran.
This was stated by Rice Exporters Association of Pakistan Chairman Ch Shafique while
returning to home after a weeklong visit to Iran along with a 22-member delegation with a view
to explore trade and investment opportunities and enhance rice export to Iran.
―We had very fruitful meetings with Iranian buyers and most of our members have booked their
orders of export for May-June, 2016 but there is still a problem of Currency Swap arrangements
with Iranian Banks. Iran is one of the biggest importer of Basmati Rice and our export share in
Iranian market drastically down due to non-availability of Currency Channel.‖
The delegation, led by REAP chairman Shafique Ch, visited Tehran as well as the city of
Mashhad where they had meetings with Tehran Chamber of Commerce, Industries and Mines
and Mashhad Chamber of Commerce and Industry. The deliberations were aimed at increasing
Daily Global Rice E-Newsletter 2016
www.ricepluss.com www.riceplusmagazine.blogspot.com For information : Mujahid Ali [email protected] 0321 369 2874
5
bilateral trade and investment between the two friendly countries.
He said the REAP discussed the issues related to the resumption of rice exports, which nosedived
after sanctions, from Pakistan, implementation of currency swap agreement and the condition of
good manufacturing practices (GMP) certification with Iranian authorities.
These dialogues between the leading businessmen and industrialists were meant to inspire the
Iranian importers as well as investors to explore the healthy business opportunities in Pakistan,
and foster new profitable ventures.
The REAP members also invited the Iranians to visit Pakistan, where Association could arrange
fruitful B2B meetings with progressive business groups, to seek fresh collaborative ventures.
The Pakistan exporters’ team also held meetings with Government Trading Corporation (GTC)
of Iran, besides meeting with Health Ministry to raise the issue of GMP certification for
Pakistani rice exporters, which presently has become a major hurdle in the way of rice export to
Iran.
Daily Global Rice E-Newsletter 2016
www.ricepluss.com www.riceplusmagazine.blogspot.com For information : Mujahid Ali [email protected] 0321 369 2874
6
With a view to enhance liaison between the businessmen of two countries, the REAP members’
group held B2B meetings with Rice Importers Association of Iran. The REAP chairman also
called on the Pakistan commercial counsel in Mashhad.
―I hope that the country would regain its share in the Iranian market, which can become the good
destination for their basmati exports.‖
Shafique Ch said that the restart of rice export to Iran remained ineffective, as no appropriate
currency transfer arrangements have been made through State Bank of Pakistan so far.
―Although rice exporters have managed to book orders of around 30,000 tons rice export but we
don’t seem to take advantage of this opportunity yet, because lack of Pak-Iran proper banking
channel and absence of research & development in the country, have become major hurdle.
He requested the government to approve new rice seed variety developed by the Kalashah Kaku
Research Institute and National Institute for Biotechnology and Genetic Engineering to enhance
our yield. Though our Gulf rice market has squeezed yet we can compensate this loss by
diverting our supply to Iran, he added.
―Keeping in view of the current situation we request the Finance Minister Ishaq Dar, Trade
Development Authority of Pakistan and SBP to look into the matter and try to arrange Currency
Channel for issuance of ―E‖ Form from the Commercial Banks through Swift Bank in Euro or to
open Irrevocable Letter of Credit in favour of the exporters.‖
http://webcache.googleusercontent.com/search?q=cache:3uON_4umdbUJ:nation.com.pk/business/13-
May-2016/pakistan-again-enters-iranian-market-after-six-years-gap+&cd=1&hl=en&ct=clnk&gl=pk
Project IPaD produces new breed of extension workers
Posted by Web Team Posted on May - 13 - 2016
Better extension service can be expected from 67 AgRiDOCs (Agricultural Development
Officers of the Community) who completed a 4-month training at the Philippine Rice Research
Institute (PhilRice), April 21.
Titled Enabling the AgRiDOC: A New Breed of Agricultural Development and Extension
Officers of the Community, the training prepared the AgRiDOCs to help raise the bar of
extension services to develop sustainable, competitive, and resilient farming communities.
The AgRiDOC training is a major component of the project Improving Technology Promotion
and Delivery through Capability Enhancement of Next-Gen Rice Extension Professionals and
Other Intermediaries (IPaD).
Dr. Karen Eloisa T. Barroga, IPaD project lead, explained that AgRiDOCs have a broader and
more active role in the development process, a renewed capacity and attitude in performing their
usual roles, and a new set of knowledge and skills to deal with current and future challenges in
Daily Global Rice E-Newsletter 2016
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agriculture.
―The training is unique from any other training I have attended,‖ said Nashjeehani G. Umbi,
AgRiDOC graduate from Cotabato.
―It has renewed my passion for my work as extension worker. I now have a vision to transform
the lives of the people in my community,‖ Umbi said.
Dr. Asterio P. Saliot, ATI director, graced the commencement ceremonies and led the
confirmation of graduates. In his speech, he emphasized that AgRiDOCs should have the will,
heart, and passion to overcome future challenges of extension work.
―You may not be able to see the fruits of your labor, but if you do something for our farmers as
early as today, the future generations will surely reap something. What you have started now, if
sustained, will replicate a thousand fold,‖ Saliot said.
The training roll-out jumpstarted in November 2015 to multiply the number of AgRiDOCs
nationwide. With ATI leading the coordination, it was simultaneously conducted in four clusters
– cluster 1 and 2 in Luzon, cluster 3 in Visayas, and cluster 4 in Mindanao. Since the conduct of
two pilot-tests in 2014, 116 AgRiDOCs have already been produced from different provinces in
the country.
Regular course offerings of the training curriculum are expected to begin in 2017.
Project IPaD is being implemented by DA-PhilRice, DA-ATI, and International Rice Research
Institute with funding from the DA-National Rice Program through the Bureau of Agricultural
Research
http://www.philrice.gov.ph/project-ipad-produces-new-breed-extension-
workers/#sthash.2mXIIWOB.dpuf
Daily Global Rice E-Newsletter 2016
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8
Ag School Senior Named Presidential Scholar For Her Many
Research Projects
By Howard Ludwig | May 13, 2016 8:26am
Madeline Poole of Beverly is among the 160 nationwide recipients of the U.S. Presidential Scholars
Program. The senior at the Chicago High School for Agricultural Sciences studied various types of seeds,
including rice, during her tenure at the Mount Greenwood school. Here she holds a seedling pepper plant
in the school's greenhouse. View Full Caption
DNAinfo/Howard A. Ludwig
MOUNT GREENWOOD — Madeline Poole hopes to shake the hand of Barack Obama or
perhaps snap a selfie with the 44th President of the United States this summer.
Poole, 18, is one of just 160 students nationwide to be named a U.S. Presidential Scholar. The
senior at the Chicago High School for Agricultural Sciences will visit Washington, D.C. on an
expense-paid trip from June 19-21.
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The president typically greets the scholars, who receive a special medallion at the White House.
These high school students have historically been recognized for outstanding achievement in
academics, merit and the arts, said Poole, a Beverly resident.
This year, 20 more names were added to the list to honor students with exemplary effort in the
field of career and technical education. Poole, a graduate of Sutherland Elementary School, is
among the first to be honored in this new category.
"I think it's the research I've done," Poole said Thursday when asked why she believes she
received the award.
Poole — who is also valedictorian of her graduating class — has been busy exploring the
scientific aspects of agriculture throughout her tenure at the school at 3857 W. 111th St. in
Mount Greenwood.
Madeline Poole is a senior at the Chicago High School for Agricultural Sciences in Mount Greenwood.
She plans to attend the University of Illinois in Urbana-Champaign in the fall and study agriculture and
biological engineering. View Full Caption
DNAinfo/Howard A. Ludwig
A visit to Jalna, India is among the highlights of her high school research. There she studied rice
seeds and bacteria for Mahyco, a hybrid seed company.
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Poole was among a team that sought to improve rice production in India by studying the natural
bacteria that helps plants like weeds and native grasses thrive along the roadside. These plants
grow without frequent watering or fertilizer.
Poole's team helped to isolate the bacteria that benefits such wild plants and then soaked rice
seeds in it. The results were impressive and led to another finding about local rice production
efforts.
"Basically, farmers are using way to much fertilizer in the soil," Poole said.
She added that unlike the natural bacteria, chemical fertilizers now used in India boost crop
production only temporarily. The long-term affects include leaching the soil of important
nutrients.
Two days after returning from India, Poole visited Japan as part of a cultural exchange program.
She's also studied biofuels while at the Ag School, comparing canola, corn and soybean oil for a
science fair project that sought to determine which is the best energy source. Canola, a flowering
plant commonly grown in Canada, came out on top, Poole said.
In summer 2015, Poole also spent seven weeks at the University of Illinois in Urbana-
Champaign studying hot water that goes down the drain when taking a shower.
Poole's group sought to develop a heat exchange system that would recapture some of that heat
to warm up water for the next shower.
Besides research, Poole also rarely passes an opportunity to be involved in school programs, Ag
School principal Bill Hook said.
She's president of the school's FFA or Future Farmers of America chapter, worked as part of
team to bring a new community garden to Robert H. Metcalfe Community Academy in West
Pullman last month and packed backpacks filled with needed supplies for homeless men and
women in Chicago last year.
Poole plans to attend the U of I next year to further study agriculture and biological engineering.
Unfortunately, her latest award doesn't provide any financial assistance, but her previous
research projects should give her a leg up as she's already met many of her professors.
Hook is confident Poole will succeed both at the university and beyond.
"You could not ask for a more complete student," he said
https://www.dnainfo.com/chicago/20160513/mt-greenwood/ag-school-senior-named-presidential-scholar-
for-her-many-research-projects
Daily Global Rice E-Newsletter 2016
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11
Robert Coats: Rice supply, demand: USDA estimates - May
2016 May 13, 2016 Robert Coats, University of Arkansas | Delta Farm Press
The first of the year into February looked very dismal for equities and many commodity prices.
Part of the problem was bearish supply and demand fundamentals for many commodities in an
anemic global economy.Another other part of the problem was an array of unfolding macro
factors being driven to a large extent by unfolding fiscal and monetary policy.
Coming into the year the Federal Reserve had signaled hawkish intentions of potential
aggressive rate hikes this year into next year.
As this year got under way, market participants had real concern about building global weakness
and potential fiscal and monetary policy intervention impacts.
First, market participants were increasingly concerned about the strengthening dollar’s potential
negative impact on U.S. business and farm exports and their profitability.
Second, they were concerned about the potential continuation of falling equity and commodity
prices due to dollar dominance.
Also, large chunks of global debt are financed with dollars by other countries. Thus a rising
dollar would likely inject further weakness into global economies especially debt-ridden
economies.
Daily Global Rice E-Newsletter 2016
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In January the U.S. Central Bank leadership addressed these concerns and signaled a more
dovish position indicating concern that neither the U.S. economy or many global economies
were strong enough for aggressive multiple Fed rate hikes over the next year.
This was followed by the Bank of Japan and the European Central Bank, to name a couple,
increasingly embracing negative interest rates, which coupled with an increasingly dovish U.S.
Central Bank started generating demand for U.S. and many global equities and attracting global
monies into commodity markets in general — a good example being the soybean market.
The current global market dynamics have now been in place at varying levels since mid-
February and the intervention fiscal and monetary policy activities have reflated the global
economy and generated demand for many commodities.
These intervention activities are now in transition, which will likely lead to price uncertainty and
even price weakness without some fundamental reason for rice, cotton, and grain prices to
advance.
U.S. RICE
USDA’s May 10 release of its first 2016-17 world agricultural supply and demand estimates for
U.S. long grain rice shows the following:
2016-17 U.S. Long Grain Rice
• 2016 harvested area is up 32 percent from last year at 2.4 million acres, the largest in six
years. The previous 10-year average was 2,120,300 acres and the five-year average was
1,904,800 acres.
• 2016-17 beginning stocks of 22.5 million hundredweight are 4 million hundredweight below
2015-16 and the third lowest in the current 7 marketing periods.
• Production of 181 million hundredweight is the second largest on record following the 2010
record of 183.3 million hundredweight. (2011, 116.4 million hundredweight; 2012, 144.3
million hundredweight; 2013, 131.9 million hundredweight; 2014, 162.7 million
hundredweight; 2015, 133 million hundredweight)
• Total supply of 224 million hundredweight if achieved will be a record (2010, 222 million
hundredweight; 2011, 169 million hundredweight; 2012, 187 million hundredweight; 2013,
173 million hundredweight; 2014, 200 million hundredweight; 2015, 180 million
hundredweight)
• Domestic and residual use is projected to be the second highest on record at 105 million
hundredweight following 2010-11’s 108.6 million hundredweight. and 19-percent higher than
2015-16 marketing period.
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• Total exports are projected at 81 million hundredweight the highest since 2005-06’s 92
million hundredweight.
• Total use is projected to be the second highest on record at 186 million hundredweight,
which is slightly above 2010-11’s 186.5 million hundredweight.
• Of major concern: 2016-17 end stocks are presently projected to be the highest since 1985-
86 or the third highest since 1982. Previous highs were 1984, 38 million hundredweight and
1985, 49 million hundredweight. The previous 10-year ending stocks average was 23.8
million hundredweight and the previous five-year average was 22.3 million hundredweight.
• Long-grain rice 2016-17 average farm price is estimated in a range of $9.50 to $10.50 per
hundredweight, which compares to 2014-15’s $11.90 and 2015-16’s range of $10.80 to
$11.20 per hundredweight.
2016-17 World Rice: Key Points
• World rice harvested acreage is up 1.8-percent at 160.6 million hectares or 397 million
acres. The record world rice acreage was 161.8 million hectares or 400 million acres.
• Rice production is estimated at a record 480.7 million tons. The previous 10 year average
was 456 million tons and the previous 5 year average was 474 million tons.
• World rice trade at 40.7 million tons continues to decline from 2013-14’s 44.1 million tons;
2014-15, 42.8; and 2015-16, 41.4.
• Rice total use is forecast at a record 480.5 million tons slightly below production of 480.7
million tons.
• World rice ending stocks or slightly above the previous year’s ending stocks of 106 4
million tons..
The Foreign Agricultural Service/USDA, Office of Global Analysis in its May 2016 Grain:
World Markets and Trade publication’s Rice: World Markets and Trade Section made some key
bullet points on global rice importers and exporters.
Global economic uncertainty has some importers focused on economic, food, energy, and
homeland security. FAS on Selected Importers for 2017:
• Bangladesh is forecast up 150,000 tons to 500,000 from the prior year, as steady
consumption and declining stocks encourage additional imports.
• Brazil is forecast down 100,000 tons to 600,000 because of a larger crop and ample supplies
for domestic consumption.
Daily Global Rice E-Newsletter 2016
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14
• China is stable at 5.0 million tons as favorable prices in neighboring countries continue to
encourage cross-border trade.
• Cote d’Ivoire is projected down 100,000 tons to 900,000 on prospects for a larger crop.
• EU is forecast to remain at 1.6 million tons amid steady consumption.
• Indonesia is forecast to decline 750,000 tons to 1.3 million as higher production prospects
reduce the need for imports. Consumption remains relatively flat, while stocks decline
slightly.
• Iran is forecast to remain at 1.5 million tons, limited by current financial challenges and
despite a growing population.
• Iraq is expected to remain flat at 1.2 million tons supported by government distribution and
private-sector purchases.
• Malaysia is forecast up 30,000 tons to 1.1 million.
• Nigeria is projected down 300,000 tons to 2.0 million on continued government policies to
limit foreign exchange use for rice purchases and to restrict transit via land borders.
• The Philippines is cut 300,000 tons to 1.5 million on adequate carry-in stocks and a
projected recovery in production from the 2015-16 crop, which suffered negative effects of El
Niño.
• Saudi Arabia is expected up 50,000 tons to 1.5 million tons on continued demand for
basmati rice.
• Senegal is projected flat at 990,000 tons on steady demand for broken rice from India and
Thailand.
• South Africa is forecast down 75,000 tons to 925,000 as an expected recovery in corn
production reduces demand for rice.
• Turkey is projected up 75,000 tons to 275,000 as declining stocks necessitate imports to
satisfy consumption.
• The United States is forecast up 25,000 tons to 775,000 on higher demand for fragrant rice.
• Venezuela is forecast to remain at 400,000 tons as financial challenges constrain imports
from regional suppliers.
Global Export Market Showing Weakness: FAS on Selected Exporters for 2017:
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• Argentina is forecast up 120,000 tons to 600,000 from the prior year due to a larger crop and
the new administration’s removal of export tariffs.
• Brazil is projected up 50,000 tons to 800,000 due to crop recovery and sufficient exportable
supplies.
• Burma is forecast up 50,000 tons to 1.9 million on higher demand from regional markets.
• Cambodia is projected up 150,000 tons to 1.1 million, on a larger crop and continued
demand from neighboring countries and the EU.
• India is forecast down 500,000 tons to 8.5 million, with smaller exportable supplies and
strong domestic demand.
• Pakistan is projected down 150,000 tons to 4.3 million, as it faces lower carry-in stocks and
continued competition with India for basmati markets.
• Thailand is forecast down 800,000 tons to 9.0 million, as stocks continue to decline and
exportable supplies are reduced.
• The United States is forecast up 275,000 tons to 3.6 million on larger supplies and improved
price competitiveness.
• Vietnam is unchanged at 7.0 million tons on steady demand from China and Southeast Asia.
Robert Coats is a professor in the Department of Agricultural Economics and Agribusiness,
Division of Agriculture, University of Arkansas System. E-mail: [email protected].
http://deltafarmpress.com/rice/robert-coats-rice-supply-demand-usda-estimates-may-2016
California Rice Farmers Optimistic After Wet
Winter, Spring May 12, 2016 6:21 PM By Ron Jones
Filed Under: Sacramento
SACRAMENTO (CBS13) — A major money maker in California is making a comeback after
recent rains.
When it comes to California rice, 97 percent of it is grown in the Sacramento region. But
California’s drought left a lot of rice fields barren.
Daily Global Rice E-Newsletter 2016
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Now, Central Valley rice farmers are looking up as they reap the benefits of recent storms. Even
though much of the state is still reeling from a historic drought, this year’s wet weather is making
the rice harvest season more promising.
That wasn’t the case during the Fall of 2014 for second-generation rice farmer Mike Dewit who
was forced to let 30 percent of his rice fields in the Yolo basin go to waste.
The California Rice Commission says almost a quarter of the state’s $5 billion crop was ruined.
―It is better,‖ said spokesman Jim Morris. ―We’re thankful we had a wet fall and winter.‖
With the recent rains comes a new sense of optimism.
―This is really good news for all of our region for the fact that we’re going to have more rice
grown this year,‖ he said.
The rain-soaked fields could lead to more than just rice crops.
―We have about 2,000 family farmers in the state. And this field will be planted in the near
future,‖ he said.
If the industry’s fall projections are correct, there should be a bountiful rice harvest. But it won’t
know for sure until September’s harvest.
http://sacramento.cbslocal.com/2016/05/12/california-rice-farmers-optimistic-after-wet-winter-spring/
A crazy decision led Thailand to stockpile tons of rice, but
everything could be about to change
Jonathan Garber
Reuters/Athit PerawongmethaA migrant worker unloads sacks of rice from a barge to a
cargo ship on the Chao Phraya River in Bangkok.In 2011, Thailand was the world's
largest exporter of rice, accounting for about 30% of the global market.
But then prime minister Yingluck Shinawatra introduced a controversial rice scheme where the
government would pay farmers almost 50% more than market prices.
The idea was that since almost 40% of Thailand's labor force worked in agriculture, then it
would make the average Thai wealthier while also creating a rice shortage by taking supply off
of the market. In theory, the government would then be able to sell the rice at an even higher
price.
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17
But prices didn't rise as much as the Thai government was anticipating, and then competitors —
India and Vietnam — began to flood the market and lower their prices. That left Thailand with a
ballooning inventory of rice and warehouses filled to the brim.
Fast forward to 2016, and Shinawatra has been out of office for two years after being removed
by a military coup. Thailand is now the No. 2 rice exporter in the world, trailing rival India, and
its rice stockpile is still enormous.
But there might finally be some relief in sight. The El Niño of 2015-16 has caused drought
conditions across much of China, India, and Southeast Asia. And while farmers in Thailand and
elsewhere in the region are being devastated by the weather, the Thai government has an
opportunity to unload a good portion of its stockpile.
Here's Deutsche Bank (emphasis added):
According to the US Department of Agriculture (USDA), Thailand's rice inventory is set to
drop by almost 50% to 5.2mn MT in 2016 on the back of a projected decline in domestic
output to a five-year low of 15.8mn MT.
And the good news doesn't stop there.
Deutsche Bank says (emphasis added):
It is highly plausible, in our view, that Thailand would take this El Ni o episode as an
opportunity to clear its huge stockpile and regain market share as shipments of rival exporters
will likely be curbed by reduced domestic output.
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http://www.businessinsider.com/good-news-thailand-rice-stockpile-2016-5
Thailand's plan to sell stockpiled rice sparks concerns Biz Hub
Asia News Network May 13, 2016 12:11 pm
HA NOI - Thailand's plan to accelerate sales of 11.4 million tonnes of rice in stockpiles within two
months sparked concerns that it would hurt prices as well as Viet Nam's rice exports. However, some
people were optimistic that the impact would not be significant.
Thailand planned to sell the amount of rice in a government stockpile in May and June to generate
US$2.8 billion, at an average price of US$245 per tonne, in what could be the biggest rice sale clearance
ever of the world’s second largest rice exporter after India.
According to Le Van Banh, director of the Department of Agro-Fisheries Processing and Salt Production,
the biggest stockpiled rice sell-off from Thailand would certainly have an impact on the global rice
market following the law on supply and demand, as well as on Viet Nam’s rice market.
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19
However, the impact on Viet Nam’s rice exports would not be significant, at least in the short term, Banh
said.
Banh also said that Thailand’s plan to sell 11.4 million tonnes of rice within just two months was not
feasible.
He said that Thailand exported on an average 400,000 tonnes to 500,000 tonnes of rice per month. "To
sell 11.4 million tonnes in just two months sounds unrealistic," Banh said as quoted by vietnamplus.vn.
The Viet Nam Food Association said that the impact on rice exports would not be huge in the second and
third quarters as most contracts had been signed in the last quarter of 2015, and there were estimated to be
1.4 million tonnes of rice remaining to be shipped abroad following existing signed contracts.
According to Banh, the stockpiled rice for this clearance would mainly be "sub-standard" quality that the
government had purchased following the 2012-2013 rice mortgage programme and Thailand would target
the not too demanding markets such as in Africa.
Since May 2014, Thailand has auctioned off 5.05 million tonnes of rice worth $1.5 billion. The Thai
government had previously said it aimed to clear the stockpile by the end of 2017.
Meanwhile, major import markets of Vietnamese rice were China, the Philippines and Indonesia which
had standards for rice quality and preferred newly-harvested Vietnamese rice, he said. "Rice exports from
Viet Nam would not be significantly affected by Thailand’s sell-off in the coming months," he said.
According to Ma Quang Trung, director of the plantation department under the Ministry of Agriculture
and Rural Development, Viet Nam’s rice exports in the first four months of this year reached 2.06 million
tonnes, worth $916 million, rising by 11.8 per cent in volume and 13.8 per cent in value over the same
period last year. Average rice export price was $438 per tonne, increasing by 0.32 per cent over the same
period last year. China was the largest importer of Vietnamese rice, accounting for more than 30 per cent
of the Viet Nam’s total rice exports.
Last year, Viet Nam was the third largest rice exporter in the world with an export volume of 6.4 million
tonnes.
Close watch
According to Banh, the Ministry of Agriculture and Rural Development has asked the Viet Nam Food
Association, rice companies and farmers to closely track movements in the global rice market, especially
from Thailand’s clearance sale, for timely measures.
Nguyen Van Don, director of food trading company Viet Hung in southern Tien Giang Province, said the
sale of Viet Nam’s sub-standard rice would be affected the most by Thailand’s move, as Thailand
accelerated the stockpiled rice sale in the months coinciding with the rice harvest crop of Viet Nam
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The Ministry of Industry and Trade said at the end of April, days after Thailand’s announcement, that the
global rice market was seeing unpredictable developments, which would influence Viet Nam’s rice
exports in 2016.
Besides export prices, which no longer was of Vietnamese rice competitiveness, quality and brand were
also matter of concerns in exports.
The ministry said that it was important to hasten the restructuring of the agricultural sector and rice
production towards building up a value chain, enhancing quality and developing a Vietnamese brand.
Quality would help Viet Nam to compete and maintain markets amid the flurry of low-priced rice, an
expert said.
The industry and trade ministry also said that it would enhance trade promotion to take advantage of the
new-generation free trade agreements to expand rice export markets.
In addition, the ministry proposed to Prime Minister Nguyen Xuan Phuc to provide preferential loans to
rice traders for investments in warehouses and for buying rice from farmers in an effort to accelerate
exports this year.
Building a national brand
Prime Minister Nguyen Xuan Phuc approved the agriculture ministry’s proposal of a Vietnamese rice
brand development and management master project from combining five separate projects.
These projects were previously raised in the Prime Minister Decision 706/QD-TTg about developing rice
brand issued in May 2015.
The master project aimed to enhance the recognition of Vietnamese rice in the global market to boost
competitiveness, improved rice added value and expand markets.
The project would focus on developing a national rice brand name, brands for major rice products of Cuu
Long (Mekong) Delta, the country’s biggest rice production area, rice brand protection, trade promotion
and expanding exports.
Viet Nam aimed to become the world’s leading rice brand by quality and food safety by 2030, under the
approved project. – VNS
http://www.nationmultimedia.com/breakingnews/Thailands-plan-to-sell-stockpiled-rice-sparks-conc-
30285866.html
Agriculture ministry to repair dams, bolster rice production
By Swan Ye Htut | Friday, 13 May 2016
Improving the efficiency of the country’s dams and canals could more than double the
supply of water to rice-growing areas and could boost rice exports, the deputy agriculture
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minister says. Speaking to reporters, U Tun Win described the focus of his department’s
efforts over the next 100 days.
The two-decades-long neglect of dams and canals had weakened the nation’s production, said the
deputy minister. He said repair work would start with Thaphan Seik dam – one of the longest
dams in Southeast Asia – in Sagaing Region.
―During the next 100 days, we will deepen dams that have silted up and repair leaks in canals,‖
he said, describing the task as ―immense‖ because it covered the entire country. ―We will do
everything we can with the budget we have,‖ he said.
Thaphan Seik had been selected as the first as it delivered water to most areas in Sagaing,
Myanmar’s second-biggest rice bowl.
―We will deepen the dam so it can store more water and repair cracks in the canals. One canal
can deliver water to 500,000 acres, but because of cracks that capacity has fallen to about
200,000 acres. Our repairs will enable the dam and the canals to greatly increase the volume of
water supplied to farmlands,‖ he said.
Many of the country’s 500 dams are not supplying sufficient water to farms and defective canals
are losing water. The reduction of capacity in silted-up dams can led to flooding in the rainy
season and premature drought in summer.
U Tun Win said the river water pumping plan developed by General Myint Aung in Ayeyarwady
Region allowed the export of 1.5 million tonnes of rice after domestic consumption needs had
been satisfied.
―But the amount of rice exported rice last year was 1.8 million tonnes. Despite building and
developing 500 dams over the past 24 years, we have increased our rice export volume by only
0.3 million tonnes. This is just not good enough. We have to get to work on those dams,‖ he said.
Translation by Thiri Min Htun
http://www.mmtimes.com/index.php/national-news/20289-agriculture-ministry-to-repair-dams-bolster-
rice-production.html
Climate pendulum is swinging rapidly from El Niño to La
Niña
Sea surface temperature anomalies on May 12, 2016.
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By Andrew Freedman
Say goodbye to El Niño, and hello to its less popular sibling, La Niña. Tropical Pacific Ocean
waters are cooling rapidly after record warmth during much of 2015 and 2016 so far, signaling
an impending shift. A new climate outlook released on Thursday puts the odds of a La Niña
event developing in the tropical Pacific Ocean at 75 percent by the September through November
period of this year. Forecasters' confidence in a developing La Niña event is high enough that the
Climate Prediction Center (CPC) has issued a "La Niña watch."
La Niña conditions are said to exist when a specific region of the tropical Pacific Ocean has a
three-month average temperature departure from average of at least 0.5 degrees Celsius, or 0.9
degrees Fahrenheit, below average. In other words, a La Niña is characterized by cooler-than-
average ocean temperatures, whereas El Niño events are characterized by unusually warm
waters.
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Sea surface temperature anomalies in tropical Pacific Ocean.
"It’s possible the transition from El Ni o to La Ni a will be quick, with forecasters slightly
favoring La Niña developing this summer," wrote Emily Becker, a scientist at the Climate
Prediction Center (CPC) in Maryland, in a blog post.
Like El Niño, La Niña can exert a significant influence on global weather patterns. If it kicks in
early enough, it will likely allow for a more active hurricane season in the Atlantic Ocean
compared to last year. La Niña events tend to suppress hurricane activity in the eastern tropical
Pacific.
The new climate outlook prepared by the U.S. Climate Prediction Center and Columbia
University's International Research Institute for Climate and Society (IRI), puts the odds of a La
Niña conditions during the height of the hurricane season, from July through September, at 65
percent.
Upper ocean heat anomalies in tropical Pacific Ocean.
Image: Climate prediction center
La Niña events are also tied to more severe tornado seasons in the southern U.S. A moderate La
Niña was present during the deadly 2011 tornado season, when tornadoes killed 553 people,
mostly in the south central states.
Such events also tend to damper global average surface temperatures somewhat, and may put an
end to the record-long string of warmest months on record. Through March, that stood at 11
months, based on data from the National Oceanic and Atmospheric Administration (NOAA).
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"Most computer models are predicting El Niño conditions will come to an end in the early
summer, and that sea surface temperatures will continue to drop, potentially passing the La Niña
threshold (0.5°C below average) sometime in the summer. Some areas of near- or below-average
sea surface temperatures have already appeared in the eastern Pacific," Becker wrote.
In addition to computer models and trends in sea surface temperatures, another strong sign of an
impending La Niña is the increasingly abundant supply of cooler-than-average waters under the
surface of the Pacific.
"This large pool of cool water stretches across the entire Pacific, along the Equator, and extends
down from just below the surface to around 500 feet," Becker wrote.
Not every El Niño event is followed by a swing to La Niña conditions. However, some strong El Niño's
have been succeeded by major La Niña events, as occurred after the 1997-98 El Niño.
The 2015-16 El Niño was on par with, if not more intense than, the 1997-98 event, suggesting
that the upcoming La Niña may be significant. However, the CPC states that "there is clear
uncertainty over the timing and intensity of a potential La Niña."
According to the CPC, there have been 14 La Niña events since 1950, while El Niño events have
occurred 23 times during the same period.
http://mashable.com/2016/05/12/la-nina-watch-issued/#b62PdemHr5qU
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Egypt to import 80,000 tonnes of rice ahead of Ramadan
CAIRO
Egypt's government has directed
state grains buyer GASC to
import 80,000 tonnes of rice
"immediately" ahead of the
Muslim fasting month of
Ramadan, the cabinet said in a
statement on Friday. Egypt
produced 3.75 million tonnes of
rice in the 2015 season and held
over 700,000 tonnes from 2014.
Annual rice consumption is
generally about 3.3 million
tonnes.But the government's
failure to stock up earlier in the
season has left it at the mercy of
traders, some of whom have been unwilling to sell to the state and are choosing to stockpile
instead.
The stockpiling has pushed up the price the government pays for rice by about 50 per cent in
recent months.GASC has tried three times to hold rice import tenders, but has had to cancel each
one either because of low responses or due to prices being deemed too high.The government has
threatened to seek direct contracts to buy rice from abroad if prices offered by traders at its
tenders are not reduced but traders say Egypt is insisting on unrealistic prices.Egypt banned rice
exports on April 4 to preserve stocks for the local market and to combat the rising prices.
The government lifted a previous export ban on the crop in October due to an expected surplus
and imposed an export tariff of 2,000 Egyptian pounds ($225.2) a tonne, but that decision
expired on April 3.The government statement said Egypt had enough sugar stockpiled to last
until the end of the year and enough vegetable oil for the next three months. More vegetable oil
would be imported as needed, it said. - Reuters
http://www.tradearabia.com/news/IND_306813.html
Monsoon to hit Kerala between May 28 & 30: Skymet PTI
New Delhi, May 13:
Monsoon will hit Kerala between May 28 and 30, two three days before its normal onset date of
June 1, private forecasting agency Skymet said.However, it is expected to reach New Delhi on
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26
July 1 and Jaisalmer by July 12.It is likely to reach Kolkata by June 10 and Mumbai by June
12.The Southwest Monsoon will arrive over Andaman and Nicobar Islands between May 18 and
20.―It is likely to reach Kerala between May 28 and May 30.
Thereafter, it will cover other parts of the country. Present weather conditions are indicating a
promising beginning of monsoon 2016 which is likely to usher in with a bang,‖ Skymet said.The
normal monsoon onset date is June 1 when it reaches Kerala.Monsoon reaching a tad early is
expected to provide relief to many parts of country which are reeling under severe heat wave and
drought conditions.
The India Meteorological Department, as well as Skymet, have made a forecast of ―above
normal‖ monsoon this year.
(This article was published on May 13, 2016
http://www.thehindubusinessline.com/economy/agri-business/monsoon-to-hit-kerala-between-may-28-
30-skymet/article8593965.ece
Agriculture ministry to repair dams, bolster rice production By Rice HQ News | May 13, 2016
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27
Improving the efficiency of the country’s dams and canals could more than double the supply of
water to rice-growing areas and could boost rice exports, the deputy agriculture minister says.
Speaking to reporters, U Tun Win described the focus of his department’s efforts over the next
100 days.The two-decades-long neglect of dams and canals had weakened the nation’s
production, said the deputy minister. He said repair work would start with Thaphan Seik dam –
one of the longest dams in Southeast Asia – in Sagaing Region.
―During the next 100 days, we will deepen dams that have silted up and repair leaks in canals,‖
he said, describing the task as ―immense‖ because it covered the entire country. ―We will do
everything we can with the budget we have,‖ he said.
Thaphan Seik had been selected as the first as it delivered water to most areas in Sagaing,
Myanmar’s second-biggest rice bowl.
―We will deepen the dam so it can store more water and repair cracks in the canals. One canal
can deliver water to 500,000 acres, but because of cracks that capacity has fallen to about
200,000 acres. Our repairs will enable the dam and the canals to greatly increase the volume of
water supplied to farmlands,‖ he said.
Many of the country’s 500 dams are not supplying sufficient water to farms and defective canals
are losing water. The reduction of capacity in silted-up dams can led to flooding in the rainy
season and premature drought in summer.
U Tun Win said the river water pumping plan developed by General Myint Aung in Ayeyarwady
Region allowed the export of 1.5 million tonnes of rice after domestic consumption needs had
been satisfied.
―But the amount of rice exported rice last year was 1.8 million tonnes. Despite building and
developing 500 dams over the past 24 years, we have increased our rice export volume by only
0.3 million tonnes. This is just not good enough. We have to get to work on those dams,‖ he said.
05/13/2016 Farm Bureau Market Report
Soybeans
High Low
Cash Bids 1071 1004
New Crop 1073 1031
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Riceland Foods
Cash Bids Stuttgart: - - - Pendleton: - - -
New Crop Stuttgart: - - - Pendleton: - - -
Futures: SOYBEANS
High Low Last Change
May '16 1059.75 1052.00 1055.00 -9.50
Jul '16 1075.50 1057.50 1065.00 -7.00
Aug '16 1076.75 1059.75 1067.00 -7.00
Sep '16 1069.00 1052.50 1059.50 -7.00
Nov '16 1064.00 1047.25 1054.50 -6.75
Jan '17 1060.25 1046.25 1051.75 -6.50
Mar '17 1034.75 1026.25 1030.00 -5.50
May '17 1030.50 1021.25 1025.00 -5.00
Jul '17 1030.00 1020.75 1025.50 -4.25
Arkansas Daily Grain Report
FOB Memphis Elevator Crops
Soybean Comment
The soybean market is trying to calm down after a bullish report on Tuesday. On Thursday and Friday the
new crop soybean market lost 11.5-cents, but still ended 32-cents higher on the week. The Tuesday report
shocked the market when the USDA forecast just 310 million bu carryover for next year after forecasting
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record crush and exports next year. This combined with reports this week that China again imported
record soybeans in April have trader optimistic about U.S. Soybean opportunities this fall. Soybeans
continue to hold gains above $10, but upside potential may be limited going forward as this market is due
a correction. Soybeans remain severely overbought but maintain support at $10.46 and $10.38.
Wheat
High Low
Cash Bids 478 428
New Crop 478 453
Futures: WHEAT
High Low Last Change
May '16 466.00 458.00 465.00 +6.50
Jul '16 477.50 464.75 474.75 +6.75
Sep '16 486.25 473.75 484.00 +6.25
Dec '16 501.50 491.00 499.25 +5.00
Mar '17 515.25 505.50 513.25 +4.00
May '17 523.00 517.25 521.50 +2.50
Jul '17 528.25 519.75 524.00 +0.75
Sep '17 536.25 530.00 530.00 -2.50
Dec '17 548.50 543.25 544.00 -4.25
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Arkansas Daily Grain Report
FOB Memphis Elevator Crops
Wheat Comment
Wheat prices also closed higher today as the market confirms a bottom near contract lows of $4.53. While
the fundamentals of the wheat market remain bearish, the market has shown little desire to move below
recent lows. Despite a very bearish forecast on Thursday the July wheat contract managed to end higher
on the week up 5-cent from last week.
Grain Sorghum
High Low
Cash Bids 359 349
New Crop 356 301
Arkansas Daily Grain Report
FOB Memphis Elevator Crops
Corn
High Low
Cash Bids 403 375
New Crop 400 383
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Futures: CORN
High Low Last Change
May '16 385.50 380.25 382.00 -3.25
Jul '16 391.25 385.25 390.75 +1.75
Sep '16 393.75 387.75 393.25 +1.50
Dec '16 398.50 392.50 398.25 +2.00
Mar '17 406.25 400.50 406.00 +2.00
May '17 410.50 405.50 410.25 +2.00
Jul '17 414.50 409.25 414.25 +2.25
Sep '17 410.00 407.00 410.25 +2.00
Dec '17 413.50 408.00 413.50 +2.00
Arkansas Daily Grain Report
FOB Memphis Elevator Crops
Corn Comment
Corn prices closed mixed today, after nearby contracts closed lower and new crop contracts continued
gains. While this week's USDA forecast was mostly neutral for corn, the new crop corn market still
managed to gain 14-cents this week as prices are now within a few cents of $4. Strong soybean prices
have helped fuel gains as the corn and soybean prices ratio heavily favors soybeans at this time. This is
causing some concern that the later planted acres could move to soybeans. Regardless, the weather
conditions at this time look favorable for corn and the market is expecting a record crop this fall; while
demand is improving corn needs to see further growth to meet the ambitious forecast from the USDA.
Cotton
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Futures: COTTON
High Low Last Change
Jul '16 61.04 60.25 60.62 -0.11
Oct '16 61.1 60.86 61.32 0.25
Dec '16 60.93 60.1 60.51 -0.06
Memphis, TN Cotton and Tobacco Programs
Cotton Comment
Cotton futures were lower across the board again today. The monthly WASDE report showed the largest
ending stocks in eight years for the 16-17 crop year. That is based upon the March prospective plantings
of 9.6 million acres and expectations for relatively favorable growing conditions resulting in average
yields of 807 lbs. per acre for a total crop of 14.8 million bales. However, global stocks are projected to
decline 6.2% as China releases low-cost, low-quality cotton from their stockpile. China plans to auction 2
million metric tons of cotton this summer. December closed below trendline support today and could head
back toward support just above 59 cents.
Rice
High Low
Long Grain Cash Bids - - - - - -
Long Grain New Crop - - - - - -
Futures: ROUGH RICE
High Low Last Change
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May '16
1148.5 -11.0
Jul '16 1182.5 1160.5 1168.5 -13.0
Sep '16 1196.5 1178.0 1186.0 -10.5
Nov '16 1207.5 1195.0 1202.0 -4.0
Jan '17 1221.0 1220.0 1218.5 -2.0
Mar '17 1240.0 1230.0 1237.0 -0.5
May '17
1256.5 0.0
Rice Comment
Rice futures closed lower but trade was confined within Thursday’s wide range. The WASDE report
showed global stocks declining from 114.38 million metric tons to 106.43 million metric tons for the 15-
16 marketing year, and stocks holding steady at that level for 16-17. The market will be watching crop
progress closely. Currently, USDA says 82% of the crop is now in the ground and 67% is emerged.
Arkansas farmers have 93% of the intended acres already planted, with 82% emerged. This large crop
could limit the upside potential of the market, however, dry conditions in other rice growing regions of
the world could provide support. Today’s move put July in position to complete a 50% retracement,
which is at $11.94. A close above that level would open upside potential to the 62% level of $12.46.
Cattle
Futures:
Live Cattle: LIVE CATTLE
High Low Last Change
Jun '16 123.550 121.200 123.425 +0.850
Aug '16 119.425 116.800 118.725 -0.175
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Oct '16 118.500 116.000 117.975 -0.125
Dec '16 117.725 114.975 116.925 -0.400
Feb '17 116.525 113.650 115.650 -0.575
Apr '17 115.150 112.275 114.300 -0.600
Jun '17 108.725 107.050 107.800 -0.525
Aug '17 105.200 104.000 105.300 -1.175
Feeders: FEEDER CATTLE
High Low Last Change
May '16 148.925 143.500 147.050 -0.775
Aug '16 148.325 142.875 146.250 -1.000
Sep '16 146.325 141.200 144.225 -1.450
Oct '16 144.775 139.500 142.375 -1.600
Nov '16 140.375 135.275 138.750 -0.925
Jan '17 135.825 131.350 134.150 -1.200
Mar '17 133.200 131.100 132.625 -1.700
Apr '17
133.275 -1.425
Arkansas Prices
Arkansas Weekly Livestock Summary
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Cattle Comment
After sharp gains on Monday, live cattle managed to hold onto gains and end 3.5 higher on the week,
while feeders fell sharply the remainder of the week closing down almost $1 and closing the gap left on
Monday. Cattle prices continue to be supported by strengthening beef values, while improving grain
prices are adding downward pressure. Both markets continue to trade well above their April lows and
prices continue to try and trend higher heading into the summer grilling season.
Hogs
Futures: LEAN HOGS
High Low Last Change
May '16 77.225 76.800 76.850 -0.075
Jun '16 83.400 81.325 81.950 -1.050
Jul '16 83.500 81.925 82.550 -0.700
Aug '16 82.600 81.300 82.125 -0.325
Oct '16 70.925 70.000 70.725 -0.100
Dec '16 65.325 64.475 65.225 0.000
Feb '17 68.200 67.600 68.200 -0.025
Apr '17 70.950 70.375 70.925 -0.025
May '17
75.100 0.000
Hog Comment
Spring Whole Grain is Packed Full and on the Way
By Michael Klein
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ARLINGTON, VA -- The latest issue of the Whole Grain, USA Rice's newspaper, is off the
presses and on its way to readers throughout the six rice producing states and Washington,
DC. The Spring edition is packed with great stories, including a profile of Texas rice farmers
Tim and Lindy Gertson, an update on conservation programs, and a look at the important South
Korean and Colombian markets.
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Louisiana contributor A.J. Sabine shares thoughts on the Rice Leadership Development program
and his classes' time in Washington during the USA Rice Government Affairs Conference; we
visit the set for the taping of the Sara Moulton TV show about rice and crawfish; and had an
exclusive sit down with House Agriculture Committee Chairman Mike Conaway (R-TX) in
which he talked about lessons learned in the 2014 Farm Bill process that he is carrying forward
into the next Farm Bill, the fight to make production agriculture relevant to every American, and
even the Presidential race. (Click on the video below for a sneak peak.)
As USA Rice encourages the U.S. government to file a trade case against competitor nations,
Whole Grain readers will get a look at what's involved in seeing one of those cases through, and
much more.
If you are not on the Whole Grain mailing list, or would like to order additional copies, contact
Deborah Willenborg. If you are interested in advertising with the paper that goes out to 25,000
readers, contact Colleen Klemczewski.
One-on-one with House Ag Chairman
Mike Conaway
USA Rice Daily
Arkansas NRCS Ups the EQIP Ante
By Josh Hankins
HUMNOKE, AR -- This morning, farmers and conservation
industry representatives held a press conference here at Isbell
Farms to announce the immediate availability of $2.5 million
in additional funding for the Environmental Quality
Incentives Program (EQIP) in Arkansas. The U.S.
Department of Agriculture's (USDA) Natural Resources
Conservation Service (NRCS) delivered the positive news
and will accept and manage the incoming EQIP
applications. NRCS said they will prioritize applications that
address three objectives: improved soil health, nitrogen
stewardship, and irrigation water management. Irrigation
water management is particularly important to rice farmers in
improving energy efficiency, soil and water quality,
sustaining wildlife habitat, and addressing the growing issue
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38
of water quantity. Earlier this year, the USA Rice-Ducks Unlimited Rice Stewardship
Partnership provided more than $2.2 million in EQIP funding through their NRCS Regional
Conservation Partnership Program (RCPP) project, Sustaining the Future of Rice with a
complimentary focus on irrigation water management practices. More than 330 EQIP
applications were submitted by rice farmers across the state through the USA Rice project
showing a significant demand for voluntary, incentive-based conservation financial assistance.
Mike Sullivan, the NRCS state conservationist for Arkansas, kicked off the press conference and
turned the mic over to producers, Robby Bevis and Mark Isbell to discuss soil health and
irrigation water management work they're doing on their own operations. USDA staff, Dr.
Michele Reba and John Lee, representing the Agricultural Research Service and NRCS in
Arkansas, also provided commentary on greenhouse gas production in rice fields and nitrogen
stewardship, respectively.
Sullivan said, "With the extra funding Arkansas has been given for this EQIP, we are focusing
on three areas, soil health, nutrient management, and specifically for rice producers, intermittent
flooding, also known as Alternate Wetting and Drying (AWD). We consider AWD a win-win
situation - it reduces costs on the production side, uses less water, less energy, and also reduces
methane emissions."
Of the work being done on his operation, Isbell said, "U.S. rice production has been on the
forefront of private land conservation for decades. We believe that the Alternate Wetting and
Drying strategy will play a key role as that story continues to be written."
Arkansas NRCS is urging farmers to visit their local USDA NRCS field service center to submit
EQIP applications no later than June 10, 2016 to be considered for the additional
allocation. USA Rice is encouraging Arkansas rice farmers with applications not funded through
the RCPP EQIP sign-up to consider resubmitting their request through this unique opportunity.
Upcoming Rice Field Days: Mark Your Calendar and Plan
to Attend the Event in Your Area
For a complete list of Rice Fields Days through September, visit our website.
May 24 -- Vermilion Parish Field Day
4:00 p.m. -- Lounsberry Farm, Hwy 14 East, Lake Arthur, LA
Contact: Andrew Granger, [email protected]
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May 25 - Southwest Louisiana Rice Field Day
8:30 a.m. - Fenton Coop and Hoppe Farms, Fenton, LA
Contact: Jimmy Meaux, [email protected]
June 9 - Evangeline Parish Rice Field Tour
7:45 a.m. -- Joey Hebert Farm and Bieber Farms
Contact: Keith Fontenot, [email protected]
Research updates at LSU AgCenter
Rice millers still reeling from loss of Venezuelan market–
Millers and Exporters assoc.
May 14, 2016 | By KNews | Filed Under News
Almost one year after rice millers and exporters were told by the Guyana Rice Development
Board (GRDB) to take back rice originally bound for Venezuela, rice millers are still reeling
from the effects of that directive.
Containers with rice shipments on the wharf
This is according to Rajindra Persaud,
President of the Guyana Rice Exporters and
Millers Association (GREMA). Persaud said,
while that rice was indeed diverted to other
markets in the hemisphere, losses were
incurred then and losses are being incurred
now.―Rice was diverted to other markets,‖
Persaud related in a recent interview. ―The
rice was sold to Panama and Jamaica. (But)
Venezuela was buying about 200,000 tons (of
paddy annually).
‖―So we had to lower the prices to European Union and Jamaica (market) to sell the excess rice.
So much so that we were selling below world market prices.‖
He said that at present the price the millers are getting for white rice is between US$380 and
US$400 per metric ton, while the price for paddy is approximately US$275 per metric ton.
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40
Asked whether GREMA was considering any measures to recover whatever losses might have
been incurred, Persaud replied in the negative. He did note, however, that all the rice that was
ordered back has been cleared from the wharf, save rice which is currently at the centre of a
court battle.
Some 270 containers of rice had been left on the wharf back in July 2015, following the directive
from Venezuelan officials. The official explanation had been that their Guyanese counterparts
were exceeding the shipping schedules. The total cost was estimated at US$5M.
The rice involved in court proceedings was supplied by Ramnarace Ramlakhan, of Ramlakhan
and Son Rice Mill. Ramlakhan is a miller from Exmouth, Essequibo, who took the rice board to
court after GRDB asked him not to follow through on 1,753 metric tons of rice left for him to
deliver.
According to the writs, filed on August 4 and August 5, 2015, the Guyana Rice Development
Board (GRDB) was named as the defendant and it was alleged that the body had agreed to
purchase 3000 metric tons of paddy at the cost of US$480 per ton and 1000 metric tons of white
rice at US$760 per ton between April and June 2015.
The writ had gone on to relate that after Ramlakhan acquired the 3000 tons of paddy and he
supplied more than 1,200 tons to GRDB in the months of April, May and June 2015, GRDB
advised him not to deliver the remaining 1,753 metric tons until further notice.
Ramlakhan was reportedly informed by GRDB that it would not purchase the remaining balance
and furthermore, that he should make efforts to sell it elsewhere.
The Miller then sold the outstanding balance of paddy to another buyer at a rate per ton of
US$240. Considering that the original price offered by the GRDB was US$480 per ton,
Ramlakhan was claiming damages amounting to $86.2M for the paddy.
Ramlakhan had stated in his writ that in June, via oral agreement, GRDB had agreed to purchase
an additional 296 metric tons of long grain white rice at the same rate of US$760 per ton. He had
stated that this was delivered in the same month, but on July 28, GRDB instructed him to take it
back. Ramlakhan had refused, demanding payment instead.
http://www.kaieteurnewsonline.com/2016/05/14/rice-millers-still-reeling-from-loss-of-venezuelan-
market-millers-and-exporters-assoc/
APEDA AgriExchange Newsletter - Volume 1472
International Benchmark Price
Price on: 12-05-2016
Product Benchmark Indicators Name Price
Apricots
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1 Turkish No. 2 whole pitted, CIF UK (USD/t) 4625
2 Turkish No. 4 whole pitted, CIF UK (USD/t) 4125
3 Turkish size 8, CIF UK (USD/t) 3625
Raisins
1 Californian Thompson seedless raisins, CIF UK (USD/t) 2245
2 South African Thompson seedless raisins, CIF UK (USD/t) 2347
Sultanas
1 Iranian natural sultanas (Gouchan), CIF UK (USD/t) 1858
2 South African Orange River, CIF UK (USD/t) 2897
3 Turkish No 9 standard, FOB Izmir (USD/t) 1612
Source:agra-net For more info
Market Watch
Commodity-wise, Market-wise Daily Price on 11-05-2016
Domestic Prices Unit Price : Rs per Qty
Product Market Center Variety Min Price Max Price
Rice
1 Manjeri (Kerala) Other 2700 3700
2 Jhagadiya (Gujarat) Other 2000 3200
3 Barasat (West Bengal) Other 2400 2600
Wheat
1 Haveri (Karnataka) Local 1600 1710
2 Khategaon (Madhya Pradesh) Other 1500 1660
3 Sangli (Maharashtra) Other 1700 1700
Pine Apple
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1 Aroor (Kerala) Other 2600 2800
2 Akhnoor (Jammu and Kashmir) Other 2800 3000
3 Mumbai (Maharashtra) Other 1000 2500
Brinjal
1 Deogarh (Orissa) Other 1500 2500
2 Ropar (Punjab) Other 600 800
3 Surat (Gujarat) Other 1000 2000
Source:agmarknet.nic.in For more info
Egg Rs per 100 No
Price on 12-05-2016
Product Market Center Price
1 Chittoor 433
2 Hyderabad 410
3 Nagapur 415
Source: e2necc.com
Other International Prices Unit Price : US$ per package
Price on 12-05-2016
Product Market Center Origin Variety Low High
Onions Dry Package: 50 lb sacks
1 Atlanta Georgia Yellow 21 21
2 Chicago Colorado Yellow 18 18
2 Detroit Texas Yellow 19 20
Cauliflower Package: cartons film wrapped
1 Atlanta California White 17 20
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2 Dallas California White 21 24
3 New York Mexico White 18 18
Grapefruit Package: 4/5 bushel cartons
1 Atlanta Florida Red 26 26
2 Chicago Florida Red 18 18.50
3 Miami Florida Red 12 15
Source:USDA
NAC likely to finalise GDP figure on 16th
Pakistan’s GDP growth is estimated to hover
around 4.5 per cent for the current financial
year which will be finally decided in the
meeting of National Accounts Committee
(NAC) likely to meet on May 16.An official
source said the committee would face a tough
time in working out the GDP growth for the
current financial year as the agriculture
production faced a setback while the Pakistan
Steel Mill (PSM) remained closed throughout
the year.
The government had fixed a GDP growth target of 5.5 per cent for the current financial year.
However, despite turn around in law and order situation, improvement in energy supplies and
lowering of interest rates, it failed to revive economic activity. The donor agencies estimates
present a GDP growth rate in the range of 4 to 4.3 per cent during the current financial year.The
government had set a growth target of 3.9 per cent for the agriculture sector during the current
financial year. The water and fertilizer availability improved during the year. However, the
growth of main agriculture crops is assessed below one per cent.
The rice and cotton crops failed to achieve the production target. Rice growth declined due to the
glut of rice stocks for the last two years. The cotton production on the other hand declined below
10 million bales as compared to 14 million bales last year due to pink bollworm disease. The loss
of 4 million bales of cotton would vanish out close to 0.5 per cent GDP growth.
The sugarcane and wheat crops remained closed to the production target. But the crash of the
commodity prices did not produce positive results for the growers. The government may get
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44
some positive agriculture growth through the livestock sector that has nearly half the share in the
sector.The government agencies both at the federal and provincial level failed to take appropriate
measures against the cotton disease that estimated caused a loss of Rs 100 billion to growers.
The government failed to provide export avenues to sell off surplus quantity of rice, wheat,
sugarcane and vast number of other vegetables and fruits.The source said the large-scale
manufacturing sector yielded some improvement due to the reduction in load shedding but the
domestic demand remained suppressed due to the overall economic order. The PSM nearly
remained closed throughout the year.
http://www.pakistantoday.com.pk/2016/05/13/business/nac-likely-to-finalise-gdp-figure-on-16th/
U of A Chancellor to visit Stuttgart Steinmetz will be at the Riceland Foods Dinner from 6:30 to 8 p.m. on Tuesday, May 17 and he
will be at the Dale Bumpers Rice Research Center and will tour the Arkansas Agricultural
Experiment Station from 8:15 to 9:30 a.m. on Wednesday, May 18.
By Submitted for Stuttgart Daily Leader
Posted May. 13, 2016 at 12:44 PM
STUTTGART
The University of Arkansas-Fayetteville (U of A) Chancellor Joseph Steinmetz will visit
Stuttgart at part of his five-day bus tour of Arkansas. Steinmetz, his wife Sandy, and several U of
A administrators are visiting more than a dozen locations during the tour. Their trip to Stuttgart
will be primarily focused on agriculture.Steinmetz will be at the Riceland Foods Dinner from
6:30 to 8 p.m. on Tuesday, May 17 and he will be at the Dale Bumpers Rice Research Center and
will tour the Arkansas Agricultural Experiment Station from 8:15 to 9:30 a.m. on Wednesday,
May 18.
Steinmetz is traveling Arkansas to get to know his new home state and the diverse needs and
interests of Arkansans. Steinmetz spent his first five months as chancellor meeting with all 75
academic departments and centers, hundreds of faculty, students and staff at the U of A, and he
continues to visit with state leaders and alumni to sharpen his vision for the future of the state’s
flagship institution.―I want to learn more about the people and the places that make Arkansas so
unique,‖ Steinmetz said. ―The best way to do that is to visit them. I don’t expect to learn
everything in five days — we certainly won’t be seeing everything there is to see. But this marks
a beginning. I hope to make this a regular event.‖
Steinmetz will also be visiting Fort Smith, Hope and Texarkana on May 16; El Dorado on May
17; Helena-West Helena and Newport on May 18; Searcy and Little Rock on May 19; and Little
Rock, Conway and Altus before returning to Fayetteville on May 20.