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TOP Contents - Tailored for YOU Latest News Headlines

Pakistan moves to introduce flood-tolerant rice varieties Rice likely to rule around current levels Thailand to launch new rice bond next week Vietnam's Rice Exporters To Face Severe Competition In 2014 Japanese Begin to Question Protections Given to Homegrown Rice Just being top nominee can be a prize BOC warned vs release of seized smuggled rice CP Intertrade brand to join govt rice auction Rice likely to rule around current levels Commerce Ministry confirms it has enough fund for rice mortgage scheme Finance Ministry seeking new funding source for rice pledging scheme Nagpur Foodgrain Prices Open-Jan 10 TABLE-India Grain Prices-Delhi-Jan 10 Noose tightens against defaulting rice millers New rice competes with weeds, offers high grain quality to boot
NEWS DETAILS:
Pakistan moves to introduce flood-tolerant rice varieties

Source: Thomson Reuters Foundation - Fri, 10 Jan 2014 11:33 AM Author: Saleem Shaikh and Sughra TunioMore news from our correspondents
ISLAMABAD (Thomson Reuters Foundation) For the first time in years, Pakistani farmer Zulfiqar Ali cannot afford to sow winter wheat. Damage to his standing rice crop from heavy monsoon rains has left him penniless.My rice crop on 18 hectares was flattened by lashing rains in July, said Ali, standing next to his paddy field
in Sialkot district, some 190 km (120 miles) from Islamabad, Pakistans capital. I have already landed in a debt trap, and my children have been hungry for many days.Although Pakistan produces enough rice to meet both its domestic and export needs, the countrys longer-term food security is at risk, as demand for the staple crop continues to grow and increasingly extreme weather threatens yields.Experts say the solution lies in adopting flood-resilient and high-yielding rice varieties, but the government is doing too little to promote these, leaving farmers like Ali exposed to economic ruin.Ali is now worried about how he will clear the loan of 240,000 Pakistani rupees (around $2,300) he borrowed from a moneylender earlier in the year to buy his rice seed. Some 150,000 hectares (370,000 acres) are brought under paddy in Sialkot every year in June or July. The crop is harvested in September and October, and the land is then prepared for planting wheat in November.Farmers typically use earnings from selling their rice harvest to meet household expenditures, clear their debts and sow the next crop.But 85 percent of rice fields in Sialkot were hit by devastating rains and floods in 2013, according to Ibrahim Mughal, chairman of Agri Forum Pakistan, a national farmers association based in Lahore.Although Pakistan (has) managed to bring more area under rice, above-normal rains and subsequent riverine flooding in Punjab and Sindh where over 70 percent of the countrys rice is produced have dashed hopes for bumper rice production, he said.
RICE FORECAST DOWNGRADED
The U.N. Food and Agriculture Organisation (FAO) downgraded its forecast for Pakistans rice production in its November 2013 Rice Market Monitor because of the past years torrential rains and flooding.In the financial year 2013-14, the FAO expects Pakistan to produce around 8.7 million tonnes of paddy - 0.6 million tonnes less than the target of 9.3 million tonnes set by the federal government.Rice is sown on 3 million hectares (7.4 million acres) of land in Pakistan. More than 1.6 million hectares have been affected by rain and floods, according to officials in the Food Security and Research Ministry. The FAO forecasts that Pakistan will have 2.9 million tonnes of rice available for export in 2014, 3 percent less than in 2013.However, Raja Ali Khan Baloch, parliamentary secretary at the Food Security and Research Ministry, argues that the country has no shortage of rice. Despite the crop losses, adequate rice will still be available for achieving export targets and domestic consumption, he said. Nonetheless Baloch cautioned that the country would suffer on both fronts if extreme weather events continue and if flood-resilient varieties of rice are not introduced among farmers.A particular concern is that demand for rice in Pakistan is growing along with the countrys population, currently 180 million.According to the Pakistan Bureau of Statistics, domestic rice consumption grew to 3 million tonnes in 2013 from 2.4 million tonnes in 2011, a 25 percent increase.
RISING PRICES
Commodity dealers say reports of flood-related damage to rice crops have hiked prices on the wholesale and retail markets.Last year we sold the finest quality of aromatic rice for 10,000 rupees ($94) per 100 kg. But now it sells for above 14,500 rupees ($136) per 100 kg, said Sheraz Ahmad, a rice exporter and chief executive of
MS Enterprises in Karachi.Any downward change in rice production means escalation in hunger and malnutrition, warned Abid Suleri, a food security expert and executive director of the Islamabad -based Sustainable Development Policy Institute.The possibility of a decline in production has wider economic consequences too. Pakistan exports rice to countries in the Middle East, Africa and Southeast Asia. After cotton, rice is the countrys biggest source of foreign exchange, acco unting for over 40 percent and worth $2 billion annually, according to the State Bank of Pakistan.Pervaiz Amir, an agricultural scientist and former member of the Prime Ministers Task Force on Climate Change, said flood-resilient crop varieties are the way forward to avoid - or at least reduce - damage to crops that are critical to food security.Sensitising farmers about the advantages of these varieties is important to increase demand for them, he said.But Pakistans agricultural researchers have failed on this count, Agri Forums Mughal said.Farmers have been left with no option but to sow old rice varieties that are not flood-resistant and yield less than 485 kg rice per hectare, as compared to improved flood-resistant varieties sown in India, Bangladesh, Indonesia and Taiwan that yield 890 to 990 kg per hectare, he said.
NEW RESEARCH PROJECT
Iftikhar Ahmad, chairman of the Pakistan Agricultural Research Council, a government-supported agency, said inadequate state funding, bureaucratic bottlenecks and an absence of political will were responsible for the lack of research into flood-tolerant rice varieties.We have recently approached the Philippines-based International Rice Research Institute (IRRI) to help Pakistan introduce flood-tolerant rice. Besides we are pushing the government to play its active part on this count to avoid food insecurity in the country and (losing the) export market to other countries, Ahmad explained. Senior officials at the Food Security and Research Ministry said the joint venture with IRRI, funded by a $1 million grant from the Asian Development Bank, began in August last year.Under the project, led by the Punjab Agriculture Research Board (PARB) in Lahore, IRRI is providing technical assistance to develop rice varieties that can survive floods, droughts and heat waves.PARB head Mubarak Ali hopes that flood and droughtresistant varieties - which are now in an experimental phase - will be introduced to farmers by the end of this year.
Saleem Shaikh and Sughra Tunio are climate change and development correspondents based in Islamabad. In Snap: A farmer walks through a flood-hit paddy field in Sialkot district, some 190 km (120 miles) from Islamabad, Pakistans
capital. TRF/Saleem Shaikh
Rice likely to rule around current levels

OUR CORRESPONDENT
KARNAL, JAN. 10:
The rice market is unlikely to see any major change in the next few days. The market may continue to rule around the current levels with marginal fluctuation, said trade experts.A mixed trend was seen in the rice market with Pusa-1121 varieties rising by Rs 100-200 a quintal, while other aromatic and non-basmati varieties remained unchanged on moderate buying.Amit Kumar, proprietor of Ginni Rice, told Business Line that the uptrend in Pusa-1121 is unjustified as it is not backed by fundamental factors. Prices of Pusa-1121 varieties increased by Rs 500-700 a quintal over the last 4 days.Traders see this situation as a temporary phase and expect the market to see a correction in the coming days, he said.In the physical market, Pusa-1121 (steam) moved up by Rs 200 to Rs 9,200 a quintal, while Pusa-1121 (sela) improved by Rs 100 to Rs 8,100.Pure Basmati (raw) quoted at Rs 12,500. Duplicate basmati (steam) was sold at Rs 7,000.Pusa-1121 (second wand) was quoted at Rs 7,000, Tibar at Rs 6,000, while Dubar at Rs 5,000.In the non-basmati section, Sharbati (steam) was sold at Rs 5,000, while Sharbati (sela) was quoted at Rs 4,800. Permal (raw) was sold at Rs 2,300; Permal (sela) at Rs 2,350; PR-11 (sela) was sold at Rs 2,900; PR-11 (raw) at Rs 2,800; and PR14 (steam) at Rs 3,200.
Paddy Arrivals
About 8,000 bags of different paddy varieties arrived at the Karnal Grain Market Terminal. About 4,000 bags of Pusa-1121 arrived and were sold for Rs 4,100-4,200; 1,000 bags of Sugandha 999 were sold at Rs 2,600; 2,000 bags of PR at Rs 1,300-1,330; while 1,000 Sharbati bags were sold for Rs 2,200-2,220.Reuters reports: In other Asian markets, Thai 5 per cent broken grade white rice was offered unchanged from last week at $420 a tonne.Vietnam 5 per cent broken rice eased to $410 to $415 a tonne, free-on-board basis, from $415 to $420 in the last week of December.Its 25-per cent broken rice was quoted at $385 a tonne, against a range of $385 to $390 on December 25. (This article was published on January 10, 2014) Keywords: Rice, futures, commodity
Thailand to launch new rice bond next week

January 9, 2014 6:17pm
BANGKOK Thailand's state-backed farm bank will start book building for a 20 billion baht ($604.96 million) bond next week to help meet payments to rice farmers, but with terms unchanged from a similar issue in November, appetite may be limited.The government needs the money to pay farmers under a scheme where it buys rice at above market prices, a subsidy that boosted its popularity and helped it win a landslide in 2011 elections.But the government has struggled to sell the rice, making it difficult to fund the scheme. Farmers who have not been paid since the subsidy was renewed in October have threatened to join anti-government protests. Farmers blocked a highway in the northern province of Phichit on Tuesday to protest at late payments under the scheme.
Some in neighboring Phitsanulok have also protested.The marketing of the bond from Jan. 16 to Jan. 23 coincides with protesters' plans to shut down Bangkok as part of an attempt to oust Prime Minister Yingluck Shinawatra, adding to political uncertainty that is likely to put off investors.A source at an arranging bank for the bond said the terms would be unchanged from November when the Bank of Agriculture and Agricultural Cooperatives, which funds the scheme, raised only half the 75 billion Thai baht ($2.27 billion) it wanted."We bought some last time. But we are not so keen this time unless the price is good," said Chajchai Sarit-apirak, first senior vice president at Kasikorn Asset Management. Around 1 million tons of rice-selling certificates that the government issued to farmers since October are still unpaid, a senior official at BAAC said."Those unpaid certificates are worth around 100 billion baht and the BAAC needs to pay to farmers within January," BAAC executive vice-president Supat Eauchai told Reuters.
Vietnam's Rice Exporters To Face Severe Competition In 2014

HANOI, Jan 10 (Bernama) - The Vietnam Food Association (VFA) said the country will face severe competition in 2014 due to reduced prices in the world's rice market as Thailand continues to lower its selling price and competition between Asian exporters remains.At a meeting to implement a 2014 rice production plan held in Ho Chi Minh City on Thursday, the VFA warned local rice will now have to compete with Thai fragrant and white rice and Indian basmati, parboiled and broken rice, Vietnam News Agency (VNA) reported.The association believes Vietnam's high quality white and fragrant rice gives it a competitive edge in the African, Southeast Asian and some Asian markets such as China.Despite reduced volume, however, Southeast Asia is still Vietnam's traditional market. VFA said cross-border trade and exports to China is anticipated to increase and could become Vietnam's largest rice importer, but warned of hidden risks from this market which buys Vietnamese rice at low prices.To deal with the challenges, the VFA will take appropriate measures when dealing with markets through concentrated contracts that ensure a certain market share and export level.It will strengthen trade promotion to emerging markets and prepare to enter the U.S. and Japanese markets once negotiations of the Trans Pacific Partnership conclude.The association will also develop high yield rice varieties to meet the market's demand and develop a brand name for Vietnamese rice. Rice producers proposed the government have a development strategy for the rice industry and control chemical residues in export products to enter markets in the U.S, European Union, Japan and South Korea.Due to anticipated difficulties facing the market this year, the VFA plans to export between 6.5 to 7 million tonnes of rice equivalent to last year's amount.It is expected that the country will export about 1.2 million tonnes of rice in the first quarter of the year.Last year, Vietnam shipped 6.68 million tonnes of rice, a year-on-year decline of 13.45 percent.
Japanese Begin to Question Protections Given to Homegrown Rice

Bags of hulled rice at Echigo Farms processing plant in Higashikanbara, Japan. Echigo Farm, which sells its organic rice at a premium, is a rare upstart in the Japanese rice business. Kentaro Takahashi for The New York Times
AGA, Japan For decades, Japan has defended its 778 percent tariffs on rice with a kind of religious zeal. Rice is a sacred crop, the government has argued, not open to trade negotiations. Its farmers are not just defenders of a proud agrarian heritage, but form the nations spiritual center as well.Hardly, says Hiromitsu Konsho, a young organic rice farmer in this rice-growing region of Niigata. Many Japanese farmers have all but given up on their tiny plots, he says. They earn most of their income elsewhere, farming only part time and paying little attention to improving their crops.Yet, kept on life support by subsidies, production controls and tariffs, these farmers grow mediocre rice year after year, he says. Now an increasing amount of this rice has nowhere to go, as Japanese favor bread over their traditional staple. The government will soon raise subsidies that encourage farmers to divert their rice to animal feed.More enterprising farms face difficulty in expanding their plots or experimenting with more sustainable cultivation, steps that would let them better compete in a free market. Mr. Konsho points to his Echigo Farm, a rare upstart in rural Japan, whose organically grown rice sells at high-end retailers as far away as Tokyo and Singapore. It faced difficulties at first, but now its rice has become a hit, fetching 5,500 yen per kilogram, or about $24 a pound almost 10 times the market price.Its high time to revive Japanese rice farming, Mr. Konsho said.Echigo Farm almost did not get off the ground 10 years ago, when Mr. Konsho first came to Niigata from a Tokyo office job with the idea of starting an organic rice farm. Bureaucrats tried to block his land leases. Local farmers threw rocks into his rice paddies and flung salt at him, an insult reserved here for evil spirits.
The idyllic rice farms most city people think of are things of the past, Mr. Konsho said. Rice farming is collapsing, and not because of free trade.The recent debate over how much Japan should open up its agricultural sector to join a proposed free trade group led by the United States, the Trans-Pacific Partnership, is opening up new rifts in Japan, rifts that defy traditional urban-rural divides. Increasingly, urban Japanese and even some farmers are questioning exactly what those tariffs protect.Japan has signed only a few limited free trade agreements, thanks to its tough stance on agricultural tariffs. Consumers pay more than twice the global average price for rice, and four times more for wheat.Still, Japan wont give an inch on farming tariffs, Akira Amari, Japans trade minister, declared at the latest talks for the Trans-Pacific Partnership last month, holding up talks at the 11th hour. The T.P.P., which involves the United States, Japan and 10 other Pacific Rim nations, would create the worlds biggest free trade zone.Tens of thousands risk losing their livelihoods if farming tariffs are brought down, critics said at a recent national rally against the T.P.P. in Tokyo. How is the government going to protect all the small-time farmers scattered across the country? said Kazumori Yamazaki, a rice farmer from Ishikawa in central Japan.Shigeaki Okamoto, 52, who runs a successful fruit and vegetable farm in Aichi, in central Japan, says Japanese farmers can compete without tariffs. Unlike rice, Japan-grown vegetables face global competition, with most import levies between 0 percent and 3 percent. Still, four-fifths of the vegetables the Japanese consume are homegrown. Vegetable growers on average earn far more than rice farmers.Indeed, Japans stiff protections on rice no longer have much to do with protecti ng farmers, Mr. Okamoto says. They instead protect a sprawling network of farm co-ops that has leeched off farmers and stymied their efforts to innovate, he says.
Just being top nominee can be a prize

That network, as Mr. Okamoto likes to say, is bureaucracy run amok. About 216,000 people work in agricultural cooperatives in Japan, under the umbrella of the Japan Agricultural Group, or J.A. There is one coop employee for every two full-time rice farmers. The central governments 2.3 trillion farming budget for the current year is seven times the budget to oversee the nonagricultural 99 percent of the Japanese economy. Much of that money makes its way to these co-ops, charged with administering production controls on rice, as well as its sales and distribution. Under that system, farmers receive subsidies in exchange for limiting the amount of rice they grow, which keeps rice prices high and small, part-time rice farmers in business. The average Japanese rice farmer spends only about 30 days a year on agricultural work, and over half of all farmers till less than a hectare each of land, about 2.5 acres, according to the latest census data.
Workers at Echigo Farm prepare gift packages of rice, a tradition at the end of the year. The farms organic rice is popular. Kentaro Takahashi for The New York Times The tiny farms find it impossible to achieve economies of scale. But that suits the J.A. just fine, because the organization gets commission income from collecting and selling their crop something larger, dedicated farms could do on their own. The J.A. also makes money selling small farmers the machinery, fertilizer and pesticides necessary for growing rice part time.In addition, the J.A. acts as financier to Japanese farmers, handling deposits, loans and insurance in a side business that has made it one of Japans largest financial organizations.Japan could make a full switch to direct -income subsidies, like the United States and European Union have done, which would at least protect farmers against international competition without the need for tariffs. But that would mean the J.A. would lose its commissions and its political clout.The rise of entrepreneurial farmers like Mr. Konsho or Mr. Okamoto would have the same impact because they do not rely on the J.A. for sales or equipment.Mr. Okamoto refused to work with the J.A. in expanding his farm, focusing on produce like strawberries, which he is able to sell independently. Japans agricultural policy hasnt made farmers strong its made them weak to the point of collapse, he said.But the biggest problems lie in rice cultivation, Mr. Okamoto says. Most Japanese rice farmers have no incentive to raise the quality of rice they grow, because J.A. buys their harvest regardless of quality. Years of neglect have made Japanese rice not just more costly, but also lower in quality and more dependent on fertilizer and pesticides than much of the rice grown in the United States, Southeast Asia or China, industry insiders say.Regulations that
discourage new entrants have made the sector unattractive to younger Japanese. Three-quarters of Japanese farmers are over 60 years old. One thing that could help entrepreneurial farmers, Mr. Okamoto says, could be the special economic zones that are part of Prime Minister Shinzo Abes plans to revive the economy. Under those plans, several areas across Japan could experiment with easing regulations, helping farmers to tap outside financing to invest and to expand their fields. Mr. Abe has also said that the government will do away with production controls of rice in 2018.Experts remain skeptical, however, that there will be real change. Production controls live on even under Mr. Abes new plans, albeit as subsidies to farmers who switch to other crops or produce rice for livestock.Politicians cannot afford to ignore the J.A. The organization is able to deliver votes in rural areas, especially among legions of part-time rice farmers not to mention dole out much-coveted jobs for farmers children.Kazuhito Yamashita, an agricultural expert at the Canon Institute for Global Studies in Tokyo, said that at Trans-Pacific Partnership negotiations Japan could be forced to offer concessions to the Americans on some farm products, like wheat and sugar. Japan could even expand the small quota of rice imports it accepts each year to appease the United States and other rice producers.But Japan will never free up its rice market in the real sense, he said. There are too many veste d interests.Toyokazu Wakatsuki, 47, a farmer whose family has farmed rice for generations in Aga, was initially among local farmers skeptical of Echigo Farm. But now he helps Mr. Konsho run it.Weve been growing rice for the J.A., not for the consumer, Mr. Wakatsuki said. Farmers need to start taking the initiative.
BOC warned vs release of seized smuggled rice

By Eva Visperas, The Philippine Star Posted at 01/10/2014 3:20 AM | Updated as of 01/10/2014 3:20 AM
ROSALES, Pangasinan, Philippines The peasant coalition Samahang Industriya ng Agrikultura (Sinag) threatened to file a suit against the Bureau of Customs (BOC) if the agency releases seized rice that have no import permits.Rosendo So, Sinag president, told The STAR yesterday that the BOC should stand firm and stop the release of seized imported rice amid reports that smugglers are resorting to court actions to prevent Customs authorities from implementing the seizure of shipments.He said if the BOC gives in to pressure, it would set a bad precedent and many culprits would repeat the wrong procedure because they could get away with it anyway.Jesse Dellosa, BOC deputy commissioner for intelligence, said they noticed the shift in strategy of rice smugglers in the past months. So said rice importers should first apply for import permits from the National Food Authority (NFA), which is the proper procedure.It should not be that when the shipment is already here then you apply (for permits). That is wrong, So added.Dellosa said at least P725 million worth of smuggled rice had been seized since September from 1,936 shipping containers.These entered the country through the ports of Manila, Davao, Cebu, Cagayan de Oro and Batangas.The BOC should not release the shipment because it involves illegal entry, So said.He said when seizure had been made, the owners said they could get import permit from the NFA and they set an appointment with the agency. But the NFA refused to issue the permit, he added.Lawyer Argee Guevarra, who
earlier exposed the alleged anomaly in the NFAs rice importation, had urged the government to run after a certain Buddy R and not the fictional rice smuggler David Tan.Guevarra said Buddy R is a trader engaged with the Department of Agriculture who manages the kickbacks in connection with government-to-government (G2G) deals.He said Buddy R is engaged in buying NFA properties at a very cheap price and selling or leasing the same at a higher cost. This Buddy R is the governments David Tan in rice smuggling who is in charge of determining and distributing kickbacks from G2G scheme. He went to Singapore to receive kickbacks in relation to the April 2013 G2G rice importation from Vietnam, Guevarra claimed.He said this trader was among those he already charged before the office of the Ombudsman last month.He urged the Department of Justice to run after Buddy R who, industry sources revealed, is a businessman surnamed Roa.Last November, he said Roa raked in huge kickbacks from the importation of 500,000 metric tons of rice at a price of $462 per metric ton.Buddy R is a real person while David Tan is a product of fiction, a bogeyman or a phantom created to cow legitimate rice traders who oppose the G2G scheme. I will ask the DOJ to investigate this person to know his dealings and identify his handlers, including (Agriculture Secretary Proceso) Alcala and a congressman from Mindanao, Guevarra stressed. Last Wednesday, Guevarra said that exposure of David Tan is part of a grand scheme to divert the publics attention from the real culprits in rice smuggling.He previously filed a complaint against DA and NFA officials before the justice department and a separate plunder case against the same officials before the Office of the Ombudsman.Again, I say the witch hunt for a certain David Tan is obviously part of a grand plot to instill fear among legitimate rice traders who can be accused of being Tan himself. Buddy R is a real person while Tan is a fictional character created to ensure Alcala et als absolute control of the industry, Guevarra pointed out. With Edu Punay
CP Intertrade brand to join govt rice auction

YUPIN PONGTHONG THE NATION January 11, 2014 1:00 am ROYAL UMBRELLA, a brand of the country's largest agricultural conglomerate Charoen Pokphand, will join the government rice auction next Wednesday."We will join the bidding, certainly. We are interested in jasmine rice, broken rice, white rice, and steamed rice," said Sumeth Laomoraphorn, chief executive officer of CP Intertrade Co.In past bidding under the rice-pledging scheme for the 2013-14 harvest season, the company won 50,000 tonnes of rice. The price was Bt30 a kilogram.Sumeth said the government had been gradually releasing rice from its stockpiles since the end of last year, recognising that it could not drive up world rice prices as it had hoped when it set up the pledging programme. Hence the government has been forced to sell rice from its stocks at prices nearly as low as those of Vietnam and India.
Currently, Thai 5 per cent white rice is quoted at US$450 a tonne. The price of Vietnamese steamed rice is $450-$460 a tonne, and India's is only $410 a tonne. Thai broken rice is $310-$320 a tonne, nearly the same as Vietnam's. Thai jasmine rice trades between $400 and $500 per tonne.Sumeth said the world rice price had been weakening in line with other commodities.He said Thailand's rice exports this year would improve, probably to between 8 million and 8.5 million tonnes, compared with only 6.5 million to 6.7 million tonnes last year, which would be close to the largest rice exporter, India. Vietnam is expected to rank third among rice-exporting nations. "We believe that the rice-pledging scheme will eventually be scrapped once we have a new government. It's clear that the scheme is not successful and not influential on increasing the world rice price."He suggested that the government should subsidise farmers only if the market price falls below the target. It should also buy rice from farmers at a price just a little higher than market. In addition, it could provide financial aid to farmers for their production.For the stock with 16 million tonne of rice, which is not under the rice-pledging scheme, the government should gradually release by way of selling new rice first in to avoid lowering quality."If the weather is normal, the government may take four to five years to release rice from the state stockpiles," Sumeth said.
Rice likely to rule around current levels

OUR CORRESPONDENT
KARNAL, JAN. 10:
The rice market is unlikely to see any major change in the next few days. The market may continue to rule around the current levels with marginal fluctuation, said trade experts.A mixed trend was seen in the rice market with Pusa-1121 varieties rising by Rs 100-200 a quintal, while other aromatic and non-basmati varieties remained unchanged on moderate buying.Amit Kumar, proprietor of Ginni Rice, told Business Line that the uptrend in Pusa-1121 is unjustified as it is not backed by fundamental factors. Prices of Pusa-1121 varieties increased by Rs 500-700 a quintal over the last 4 days.Traders see this situation as a temporary phase and expect the market to see a correction in the coming days, he said. In the physical market, Pusa-1121 (steam) moved up by Rs 200 to Rs 9,200 a quintal, while Pusa-1121 (sela) improved by Rs 100 to Rs 8,100. Pure Basmati (raw) quoted at Rs 12,500. Duplicate basmati (steam) was sold at Rs 7,000. Pusa-1121 (second wand) was quoted at Rs 7,000, Tibar at Rs 6,000, while Dubar at Rs 5,000. In the non-basmati section, Sharbati (steam) was sold at Rs 5,000, while Sharbati (sela) was quoted at Rs 4,800. Permal (raw) was sold at Rs 2,300; Permal (sela) at Rs 2,350; PR-11 (sela) was sold at Rs 2,900; PR-11 (raw) at Rs 2,800; and PR14 (steam) at Rs 3,200.
Paddy Arrivals
About 8,000 bags of different paddy varieties arrived at the Karnal Grain Market Terminal. About 4,000 bags of Pusa-1121 arrived and were sold for Rs 4,100-4,200; 1,000 bags of Sugandha 999 were sold at Rs 2,600; 2,000 bags of PR at Rs 1,300-1,330; while 1,000 Sharbati bags were sold for Rs 2,200-2,220. Reuters reports: In other Asian markets, Thai 5 per cent broken grade white rice was offered unchanged from last week at $420 a tonne. Vietnam 5 per cent broken rice eased to $410 to $415 a tonne, free-on-board basis, from $415 to $420 in the last week of December. Its 25-per cent broken rice was quoted at $385 a tonne, against a range of $385 to $390 on December 25. (This article was published on January 10, 2014) Keywords: Rice, futures, commodity
Commerce Ministry confirms it has enough fund for rice mortgage scheme
Friday, 10 January 2014By NNT
BANGKOK, 9 Jan 2014 The Commerce Ministry has reaffirmed that it has enough fund for the rice pledging scheme, expecting to make the payments to all participating farmersin the 2013/2014 season by January 25th. The Ministry is expecting the farmers to pledge 10 million tons of rice in the current production season. Commerce Minister Niwatthamrong Boonsongpaisan stated that the amount would need 140 billion baht in compensation, adding that the ministry already paid 30 billion baht to the farmers, leaving 77 billion baht in payment pending. He expected that the payments would be completed within January 25th. Nonetheless the scheme still lacks 40 billion baht, and the Commerce Ministry will urgently ask the Election Commission (EC) to approve its planned borrowing of 130 billion baht to finance the scheme. He said that even if the EC does not give the nod on the matter, the Commerce Ministry is still able to use the money obtained from selling the pledged rice to be returned to the farmers.Meanwhile, the EC has approved the ministrys request to sell the pledged rice in stock by any means it deems appropriate. The Commerce Ministry, thus, has plans to clear the stock through both auctioning and Government-toGovernment deals. It expects to sell another 500,000 tons of rice in the new release
Finance Ministry seeking new funding source for rice pledging scheme
Friday, 10 January 2014From Issue Vol. XXII No. 2By MCOT
The Finance Ministry is speeding up its search for a new source of loans to pay farmers participating in the rice pledging scheme by Jan 15.A meeting of the public debt policy and management committee was held last week, chaired by Kittiratt Na-Ranong, Caretaker Deputy Prime Minister/Finance Minister, to consider new loan
sources to pay farmers under the pledging scheme during the 2013/2014 harvest season.The money must be distributed to farmers by Jan 15 and managed to be within the ceiling.Kittiratt affirmed that the loan budget is now still within the ceiling of Bt500 billion based on the assumption that the countrys gross domestic product (GDP) does not decrease, which will otherwise affect the debt ratio.Meanwhile, Anusorn Thammajai, a committee member, said the loan budget will be within Bt500 billion, for the Election Commission (EC) stated that such project could continue as it was an existing project, not a new one. Therefore, the committee will have to speed up finding a new source of loans to pay farmers.Anusorn admitted that ongoing political problems have affected the Thai economy in various dimensions and could affect the Public Debt Management Offices projection on the countrys economy in the next 4-5 years.He said the economy this year could grow less than 3 percent, which will result in a higher ratio of public debt to GDP and thus affect finding loan sources to fund mega investment projects as well as economic opportunity losses.
Nagpur Foodgrain Prices Open-Jan 10

Fri Jan 10, 2014 3:00pm IST
Nagpur, Jan 10 (Reuters) - Gram prices in Nagpur Agriculture Produce and Marketing Committee (APMC) quoted strong on renewed demand from local millers amid weak supply from producing regions. Fresh rise on NCDEX, upward trend in Madhya Pradesh gram prices and enquiries from South-based millers also pushed up prices, according to sources. * * * *
FOODGRAINS & PULSES GRAM * Gram mill quality recovered in open market on increased buying support from local traders amid weak supply from producing belts. TUAR * Tuar varieties ruled steady in open market here matching the demand and supply position. * Watana green firmed up in open market on good marriage season demand from local traders amid tight arrival from producing regions. * In Akola, Tuar - 4,100-4,200, Tuar dal - 6,200-6,400, Udid at 5,000-5,300, Udid Mogar (clean) - 6,100-6,600, Moong - 6,800-7,000, Moong Mogar
(clean) 8,200-8,400, Gram - 2,600-2,700, Gram Super best bold - 3,600-3,800 for 100 kg. * Wheat, rice and other commodities remained steady in open market in thin trading activity, according to sources. Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg FOODGRAINS Available prices Previous close Gram Auction 2,500-2,825 2,500-2,700 Gram Pink Auction n.a. 2,100-2,600 Tuar Auction n.a. 3,800-4,050 Moong Auction n.a. 4,400-4,600 Udid Auction n.a. 4,300-4,500 Masoor Auction n.a. 2,600-2,800 Gram Super Best Bold 3,800-4,000 3,800-4,000 Gram Super Best n.a. Gram Medium Best 3,500-3,700 3,500-3,700 Gram Dal Medium n.a. n.a. Gram Mill Quality 3,300-3,400 3,250-3,350 Desi gram Raw 2,800-2,900 2,800-2,900 Gram Filter Yellow n.a. n.a. Gram Kabuli 7,800-10,200 7,800-10,200 Gram Pink 7,700-8,100 7,700-8,100 Tuar Fataka Best 6,600-6,800 6,600-6,800 Tuar Fataka Medium 6,100-6,300 6,100-6,300 Tuar Dal Best Phod 5,800-6,000 5,800-6,000 Tuar Dal Medium phod 5,400-5,600 5,400-5,600 Tuar Gavarani 4,300-4,400 4,300-4,400 Tuar Karnataka 4,400-4,500 4,400-4,500 Tuar Black 7,100-7,200 7,100-7,200 Masoor dal best 5,400-5,500 5,400-5,500 Masoor dal medium 5,100-5,200 5,100-5,200 Masoor n.a. n.a. Moong Mogar bold 8,600-8,800 8,600-8,800 Moong Mogar Medium best 7,900-8,200 7,900-8,200 Moong dal super best 7,300-7,600 7,300-7,600
Moong dal Chilka 6,800-7,000 6,800-7,000 Moong Mill quality n.a. n.a. Moong Chamki best 6,200-7,000 6,000-6,800 Udid Mogar Super best (100 INR/KG) 6,800-7,000 6,800-7,000 Udid Mogar Medium (100 INR/KG) 5,400-6,200 5,400-6,200 Udid Dal Black (100 INR/KG) 4,600-4,800 4,600-4,800 Batri dal (100 INR/KG) 3,800-4,500 3,800-4,500 Lakhodi dal (100 INR/kg) 3,000-3,100 3,000-3,100 Watana Dal (100 INR/KG) 3,200-3,300 3,200-3,300 Watana White (100 INR/KG) 3,200-3,300 3,100-3,200 Watana Green Best (100 INR/KG) 4,200-4,500 4,100-4,500 Wheat 308 (100 INR/KG) 1,750-1,850 1,750-1,850 Wheat Mill quality(100 INR/KG) 1,700-1,800 1,700-1,800 Wheat Filter (100 INR/KG) 1,700-1,900 1,700-1,900 Wheat Lokwan best (100 INR/KG) 2,150-2,500 2,150-2,500 Wheat Lokwan medium (100 INR/KG) 2,000-2,100 2,000 -2,100 Lokwan Hath Binar (100 INR/KG) n.a. n.a. MP Sharbati Best (100 INR/KG) 3,200-3,700 3,200-3,700 MP Sharbati Medium (100 INR/KG) 2,800-2,900 2,800-2,900 Wheat 147 (100 INR/KG) 1,600-1,700 1,600-1,750 Wheat Best (100 INR/KG) 1,650-1,750 1,650-1,750 Rice BPT (100 INR/KG) 3,000-3,300 3,000-3,300 Rice Parmal (100 INR/KG) 1,800-1,850 1,800-1,850 Rice Swarna Best (100 INR/KG) 2,600-2,700 2,600-2,700 Rice Swarna Medium (100 INR/KG) 2,300-2,450 2,300-2,450 Rice HMT (100 INR/KG) 4,100-4,400 4,100-4,400 Rice HMT Shriram (100 INR/KG) 4,500-5,000 4,800-5,000 Rice Basmati best (100 INR/KG) 11,000-13,500 11,000-13,500 Rice Basmati Medium (100 INR/KG) 6,300-7,600 6,300-7,600 Rice Chinnor (100 INR/KG) 5,500-5,800 5,500-5,800 Rice Chinnor Medium (100 INR/KG) 5,100-5,300 5,100-5,300 Jowar Gavarani (100 INR/KG) 1,450-1,600 1,450-1,600 Jowar CH-5 (100 INR/KG) 1,750-1,850 1,750-1,850 WEATHER (NAGPUR) Maximum temp. 29.8 degree Celsius (85.6 degree Fahrenheit), minimum temp. 15.8 degree Celsius (60.4 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a. Rainfall : nil FORECAST: Partly cloudy sky. Maximum and Minimum temperature likely to be around 29 and 17 degree Celsius respectively. Note: n.a.--not available (For oils, transport costs are excluded from plant delivery prices, but included in market prices.)
TABLE-India Grain Prices-Delhi-Jan 10

Fri Jan 10, 2014 2:55pm IST Rates by Asian News International, New Delhi Tel: 011 2619 1464 Indicative Previous Grains opening close
(in rupees per 100 kg unless stated)

---------------------------------------------------------Wheat Desi Wheat Dara 2,100-3,100 1,750-1,850 215-240 1,800-1,950 1,950-2,050 1,900-2,000 2,000-3,000. 1,750-1,850. 215-240. 1,750-1,900. 1,950-2,050. 1,900-2,000.
Atta Chakki (per 10 Kg) Roller Mill (per bag) Maida (per bag) Sooji (per bag)
Rice Basmati(Sri Lal Mahal) 12,000-14,500 12,000-14,500 Rice Basmati(Lal Quila) Rice Basmati(Common) 12,000-14,400 12,000-14,400 8,500-9,500 8,500-9,500.
Rice Permal Rice Sela I.R.-8 Gram Peas Green Peas White Bajra Jowar white Maize Barley Guwar
2,100-2,400 2,900-3,100 1,875-2,025 3,100-3,200 3,250-3,800 2,850-3,050 1,310-1,660 1,500-2,200 1,425-1,625 1,350-1,425 3,300-3,900
2,100-2,400. 2,900-3,100. 1,850-2,000. 3,100-3,200. 3,250-3,800. 2,850-3,050. 1,300-1,650. 1,500-2,200. 1,400-1,600. 1,350-1,425. 3,300-3,900.
Source: Delhi grain market traders.
Noose tightens against defaulting rice millers

Tightening noose around rice mills failing in returning the custom milled rice to the state procurement agencies, Mansa police has registered four cases pertaining to embezzlement of rice worth Rs. 7.70 crore. Working on the complaints of authorities of procurement agency the police have registered the case in last 6 days. Mansa SSP Bhupinder Singh said a case has been registered against Sushil Kumar of Mansa owning Bhagwati rice mill for the embezzlement of Rs. 2.95 crore of Punjab state warehouse corporation. Likewise a case has been registered against Lalit Kumar of Budhlada owning Lalit rice mills on the accusation of embezzling 5500 quintal rice of warehouse corporation worth Rs. 1.27 crore. Prem Chand Singla of Mansa has been booked on the complaint of civil supplies of embezzling rice worth Rs. 1.75 crore. Likewise Sukhdev Singh, Bhim Singh, Sher Singh of village Jatana and Gurmeet Singh of village Sahnewali have been booked on the complaint of Punjab warehouse corporation authorities of embezzling rice worth Rs. 1.73 crore.
New rice competes with weeds, offers high grain quality to boot
Jan Suszkiw
STG061-35-061 is a new rice line that combines desirable traits like high grain quality with a natural ability to suppress costly weeds like barnyardgrass. Credit: David Gealey. Using conventional breeding methods, U.S. Department of Agriculture (USDA) scientists have developed a new rice cultivar that can hold its own against barnyardgrass and other costly weeds, opening the door to reduced herbicide use. David Gealy and colleagues with USDA's Agricultural Research Service (ARS) and the University of Arkansas Division of Agriculture (UADA) at Stuttgart developed the new rice, STG061-35-061, by crossing standard U.S. long-grain varieties with indica types from Asia. Indica rices are known for their ability to outcompete many weeds using allelochemical root secretions and other defenses. But these rice types haven't caught on in the United States in large part because of their poor grain quality, notes Gealy, with the ARS Dale Bumpers National Rice Research Center in Stuttgart.Gealy, together with UADA rice breeder Karen Moldenhauer and ARS molecular geneticist Melissa Jia, tackled the problem by crossing two commercial tropical japonica rices, 'Katy' and 'Drew,' with PI312777, an indica germplasm line. They evaluated the offspring plants as part of multi-year trials that included comparisons to other rice crosses and chose STG061-35-061 as the top pick for high grain yield and quality, early maturity, stem strength, pest and disease resistance, allelopathy to weeds, and other desirable traits.The team's trials included evaluations of the new cultivar in both weed-free and weed-infested plots, with barnyard grass as the dominant weed species. Several commercial cultivars, including 'Lemont,' along with indica lines, were also tested.During the trials, conducted in 2008 and 2009, weed-suppression ratings for the new cultivar were 41 percent higher than 'Katy,' 68 percent higher than 'Lemont,' and about equal to PI 312777. In weed-free plots, the new rice averaged about 5,000 pounds of grain per acre versus 5,400 for 'Drew;' 4,000 for 'Katy;' and 4,300 for 'Lemont.'According to Gealy, the new rice's combination of traits will make it especially suited to organic and low-input production systems.
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10th January, 2014 Daily Global Rice E-Newsletter by Riceplus Magazine

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TABLE-India Grain Prices-Delhi-Jan 10

(in rupees per 100 kg unless stated)

Source: Delhi grain market traders.

Noose tightens against defaulting rice millers

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