25th Feb.,2014 Daily Exclusive ORYZA News by Riceplus Magazine

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TOP Contents - Tailored for YOU Latest News Headlines
Germany Collaborates with International Companies to Improve Livelihood of African Rice Farmers Italy Rice Producers Sell 36,897 Tons of Paddy February 11-18 Oryza Global Rice Quotes Surprise, Surprise! Infamous David Tan Fails to Show Up in Philippines Court Oryza Shares - AIDF and UN ESCAP Present the Water Security Summit ORYZA afternoon Recap Chicago Rough Rice Futures Rally Above $16.000 per cwt as Shorts Pay up To Exit Ahead of Delivery Period India Government Advised to Liquidate 15-20 Million Tons of Rice, Wheat to Ease Inflation Argentina Rice Lowest Offer in Iraq Rice Tender for 30,000 Tons Oryza Overnight Recap Chicago Rough Rice Futures Show Strength Overnight Despite Softer Grain Complex Philippines Opposition Lawmakers Accuse NFA of 'Legalized Smuggling' in Rice Imports Thailand Rice Farmers Threaten Protests Tomorrow; Fund-Raising Options Shrink for Government European Food Safety System Reports on Rice, Rice Product Imports Vietnam Rice Sellers Increase Some of Their Quotes Today; Other Asia Rice Quotes Unchanged
News Detail
Germany Collaborates with International Companies to Improve Livelihood of African Rice Farmers
Feb 24, 2014
The German Ministry of Economic Cooperation and Development and a group of national and international companies are collaborating to improve the livelihood of 50,000 Nigerian rice farmers and boost rice production in Nigeria through the Competitive African Rice Initiative (CARI) initiative.CARI aims to improve competitiveness of domestic rice supply to meet the sub-Saharan Africa demand and will cover around 120,000
rice farmers with a daily income below $2 in the African countries of Nigeria, Ghana, Burkina Faso and Tanzania. However, CARI will begin with 50,000 rice farmers in Nigeria and then expand to cover 10,000 rice farmers in Burkina Faso, 30,000 in Ghana and 30,000 in Tanzania in a phased manner. The program will also help rice processors, rice millers as well as rural service providers in each country.CARI Country Director said the organization would lend their full cooperation to the Nigerian government to increase domestic rice production and reduce dependence on imports.
Implementation of CARI will begin by identification of potential rice producing areas to serve as target project locations. CARI also plans to form a rice supply chain starting from farmers to cooperatives to millers, to rice merchants to distributors and/or wholesalers to retailers. CARI will also use husk and stray from the rice value chain effectively to help farmers generate income from the paddy waste.CARI aims to increase production of quality paddy rice, develop sustainable and competitive rice production systems, increase sourcing and storage capacities, increase processing efficiency and improve access to finance to stakeholders in all levels of value chain. The partners of the program are expected to bring in their specific experience and know-how to optimize the rice production systems.
Tags: Competitive African Rice Initiative (CARI) initiative, Germany, Africa rice, Nigeria rice production
Italy Rice Producers Sell 36,897 Tons of Paddy February 11-18

Feb 24, 2014
More than half of Italys rice paddy has been sold. Remaining paddy stocks for the 2013-14 crop year amount to 694,979 tons, with sales totaling 752,804 tons (52% of production). There are about 7 or 8 months before the next harvest.Paddy production in 2013-2014 was 1,447,783 tons (down 9% from 1,595,688 tons in 2012-2013). Last year at the same time, 812,955 tons of paddy were already sold, equivalent to 49% of production, and remaining supplies amounted to 834,048 tons. Long A varieties, for the domestic market, still register the highest demand: they represent almost half of the 36,897 tons sold in the week February 11-18.In that week, rice growers sold 17,592 tons of Long A paddy; 9,774 of round paddy varieties; 9,065 of Long B varieties and 466 tons of medium varieties. As of February 18, 46% of round grain, 56% of medium grain, 63% of Long A and 45% of Long B varieties have been sold.
Tags: italy rice production
Oryza Global Rice Quotes

February 24th, 2014 Long grain white rice - high quality Thailand 100% B grade 440-450 Vietnam 5% broken 395-405
India 5% broken Pakistan 5% broken Cambodia 5% broken U.S. 4% broken Uruguay 5% broken Argentina 5% broken
415-425 395-405 450-460 575-585 625-635 625-635
Long grain white rice - low quality Thailand 25% broken 390-400 Vietnam 25% broken 370-380 Pakistan 25% broken 350-360 Cambodia 25% broken 420-430 India 25% broken 360-370 U.S. 15% broken 550-560
Long grain parboiled rice Thailand parboiled 100% stxd 460-470 Pakistan parboiled 5% broken stxd 405-415 India parboiled 5% broken stxd 400-410 U.S. parboiled 4% broken 660-670 Brazil parboiled 5% broken 590-600 Uruguay parboiled 5% broken NQ Long grain fragrant rice Thailand Hommali 92% 945-955 Vietnam Jasmine 525-535 India basmati 2% broken 1515 -1525 Pakistan basmati 2% broken NQ Cambodia Phka Malis 890-900 Brokens Thailand A1 Super 310-320 Vietnam 100% broken 355-365 Pakistan 100% broken stxd 320-320 Cambodia A1 Super 350-360 India 100% Broken stxd 300-310 Egypt medium grain brokens NQ U.S. pet food 470-480
Brazil half grain
345-355
Medium grain milled U.S. Calrose 4% broken Egypt medium grain 6%
620-630 NQ
All prices USD per ton, FOB vessel, oryza.com
Surprise, Surprise! Infamous David Tan Fails to Show Up in Philippines Court

Feb 24, 2014
On Monday, the Philippines Senate committee on agriculture and food was scheduled to hear a case about rice smuggling. The infamous David Bangayan (accused of being David Tan the king of rice smuggling) and his colleagues Elizabeth Faustino and Leah Echeverria were all scheduled to appear, but not one of them showed up Monday.Bangayans lawyer informed the Senate that his client had been taken to the hospital after his blood pressure rose and he had trouble walking. Faustino claims that she was undergoing gall bladder surgery, and the Senates Sergeant at Arms is investigating its veracity. According to the Senate, Faustino was the consolidator of Nixon Kua, a deceased journalist involved in rice trading, and was connected to many different farmers cooperatives in the country. Echeveria, whose absence was unexplained, was the attorney-infact for 21 different cooperatives that filed a civil case against the NFA. Judilyne Lim, another rice consolidator, did show up for the hearing Monday, and she denied allegations that she is the owner of DGL Commodities Trading instead, she is the owner of DGL Commodities, Inc., which is a different company, she claims.The Senate investigation is a tricky one because it involves not only Philippine citizens but also the Vietnamese government. Allegedly, rice imported by the NFA from Vietnam was overpriced, and the Senate has asked the Justice Department to share its findings regarding this accusation. While the Senate investigates alleged corruption involved with importing Vietnamese rice, the Makabayan Bloc in the House of Representatives is seeking strict price controls for the buffer stock rice the government will import from Vietnam in the July-September quarter. There is concern that the country will lose money, with the Bloc claiming the country already lost about P521 million (about $11.66 million) when it imported 500,000 tons of rice for the December 2013-March 2014 buffer stock. Representatives project that losses could reach P1.42 billion (about $31.8 million) if the country imports the planned 1 million tons.
Tags: Philippines rice smuggling
Oryza Shares - AIDF and UN ESCAP Present the Water Security Summit
Feb 24, 2014
London, UK Tuesday 25th February 2014- AIDF and UN ESCAP have partnered up to support the drive
towards positive outcomes in the future of water security and sanitation through the provision of a leading platform for collaboration between stakeholders to further raise awareness of the dangers that Asia Pacific are dealing with.This years innovative and enlightening two day summit will commence at the Putrajaya International Conference Centre, based near Kula Lumpur, Malaysia on the 23rd & 24th April 2014, bringing public attention to the escalating issues regarding water and resources management, environmental sustainability and economic opportunity to the forefront of agendas in a cumulative and engaged environment. AIDF have developed the agenda and speaker panel in consultation with key organisations, such as UNEP, ADB, Thai Red Cross, CIPS, UN Habitat, World Bank, IOM, FAO, UNESCO and regional governments representatives. This years Keynote Speaker panel will include: Rae Kwon Chung UN ESCAP, Amnat Barlee The Thai Red Cross Society, Dr. John Dore - AUSAID, Jack Sim WTO, Trevor Davies - KPMG and Vinod Thomas ADB.
Dr. John Dore Vinod Thomas Water security is under threat and has become a rapidly growing concern and a crucial requirement for sustainable development in Asia Pacific. The increasing damaging affects of floods, droughts, urbanisation, and uncontrolled toxins being released into natural water sources, ground water extraction and climate change impacts have raised both awareness and alarm across the region to the public. The ever expanding population requires more natural resources for basic necessities such as drinking, hygiene and farming. Existing water planning and management have proven to be inadequate in relation to societys escalating demands for water. Conflicting demands on water resources for various uses make integrated water resources management and sustainability essential to enable constant provision of secure water services. Satisfying growing industrial water requirements, achieving water based energy objectives, improving agricultural water productivity and protecting water quality are just a few of the growing challenges that Asia Pacific are currently facing.Social, economic, and political consequences of water shortages are real, as are the effects of water-related disasters intensified by climate change. As a result AIDF and UN ESCAP have organised Industry leaders, Government ministers, UN members, NGO representatives and delegates from private sector companies focused on aid, sustainability and development within the water sector to address the impact of water related disasters, sustainable water management, sanitation, conflicts in water resources and related agricultural irrigation systems and much more. For more information about the event please visit http://water-asia.aidforum.org.
Tags: press release
ORYZA afternoon Recap Chicago Rough Rice Futures Rally Above $16.000 per cwt as Shorts Pay up To Exit Ahead of Delivery Period
Feb 24, 2014
Chicago rough rice futures for March delivery settled 33 cents per cwt (about $7 per ton) higher at $16.045 per cwt (about $354 per ton). Rough rice futures rocketed higher once again today as traders holding short positions in the nearby March contract are forced to pay up to exit positions ahead of first notice day, which is on this coming Friday. The market began the day with over 1,500 contracts outstanding for March delivery, it is likely that following todays flurry of trading that number has fallen well below 1,000 contracts, but we will not know for sure until the release of the open interest report in the morning. If in fact the majority of the open interest has been reduced it is unlikely that we will have such pressure under the market to shoot p rices beyond todays high of $16.060 per cwt (about $354 per ton). On the other hand it is likely that we could see some additional profit taking and in turn see prices dip back below $16.000 per cwt (about $353 per ton).
Technically the market continues to be seen as bullish with the recent trend of higher prices remaining intact. The question now becomes on of weather such lofty prices on the board become attractive enough to justify the registration of warehouse receipts. The other grains finished the day mostly higher; soybeans closed about 1.2% higher at $13.8650 per bushel; wheat finished about 1.3% higher at $6.1875 per bushel; and corn finished the day about 0.3% lower at $4.5150 per bushel.U.S. stocks rallied on Monday, lifting the S&P 500 to a record and clearing its 2014 loss, as investors continued to view lackluster economic data as largely the result of winter weather. In testimony this month, Fed Chair Janet Yellen said the U.S. economy had picked up enough traction to handle reduced monetary stimulus, three rounds of which are viewed as helping propel equities higher. Yellen on Thursday delivers her weather-delayed testimony before the Senate. Ahead of Wall Street's start, an initial gauge signaled growth in the services sector slowed in February, with stock futures retaining the bulk of their modest gains. The Dow Jones Industrial Average climbed as much as 196 points, and was lately up 170.31 points, or 1.1%, at 16,273.61, with 24 of its 30 components in the green. The S&P 500 rose to a high of 1,858.76, clearing both the intraday and closing records set on Jan. 15. The index was lately up 18.83 points, or 1% at 1,855.08, with energy the best performing of its 10 major industry groups. Rising to a 13-and-a-half-year high, the Nasdaq rose 41.13 points, or 1%, to 4,304.53. Gold is trading about 1.1% higher, crude oil is seen trading about 0.7% higher, and the U.S. dollar is seen trading marginally lower at about 1:00pm Chicago time.Friday, there were 1,256 contracts traded, down from 2,071 contracts traded on Thursday. Open interest the number of contracts outstanding on Friday decreased by 166 contracts to 7,711.
Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market
India Government Advised to Liquidate 15-20 Million Tons of Rice, Wheat to Ease Inflation
Feb 24, 2014
Indias Commission on Agricultural Costs and Prices (CACP) says that the government should release around 15-20 million tons of rice and wheat in to the domestic market to reduce prices.The CACP suggests the minimum support price (MSP) for food grains in India and has been criticized for steep increases in the MSP of paddy in the last few years which critics say may have led to high food inflation. However, the CACP chairman told local sources that holding on to high stocks is unnecessary for the government and suggested that liquidating rice and wheat stocks may bring down prices. Average rice prices in India declined about 4% month-on-month in January 2014, but local sources say that the government may accept the CACP suggestion to liquidate rice from stocks quickly, considering elections are scheduled to take place in a few months.Indias rice stocks in the central pool as of February 1, 2014 stand at around 31.3 million tons, almost 56% of total food grain stocks of around 55.54 million tons and more than double the required buffer and strategic reserve norms of around 13.8 million tons for this time of the year. Total wheat stocks in the central pool stand at around 24.2 million tons, more than double the 11.2 million tons buffer requirements.The CACP chairman also says that Indias rice exports in the financial year 2013-14 (April March) may reach a record 11 million tons. According to official sources, India exported around 10.1 million tons of rice in FY 2012-13 worth about $6.2 billion. Rice exports during April December of 2013 stand at around 7.7 million tons worth about $5.5 billion. Read related Oryza story: India Average Wholesale Rice Prices Decline in January 2014
Tags: India rice stocks, India rice prices, Commission on Agricultural Costs and Prices (CACP)
Argentina Rice Lowest Offer in Iraq Rice Tender for 30,000 Tons
Feb 24, 2014
Argentine rice was offered lowest in the international tender from Iraq to buy at least 30,000 tons. The tender closed on February 23, 2014, and offers must remain valid until February 27, 2014.According to trade sources, Argentine rice was offered lowest at $699 per ton cif free out (ciffo), Uruguayan rice was offered lowest at $713 per ton ciffo, Brazilian rice was offered lowest at $717 per ton ciffo, and U.S. rice was offered lowest at $747 per ton ciffo. No purchase has yet been made in the tender, say trade sources.
Tags: Argentina rice exports, Iraq rice tender, U.S. Rice exports, Uruguay rice exports, Iraq rice imports
Oryza Overnight Recap Chicago Rough Rice Futures Show Strength Overnight Despite Softer Grain Complex
Feb 24, 2014
Chicago rough rice futures for March delivery are currently paused 11.5 cent per cwt (about $3 per ton) higher at $15.830 per cwt (about $349 per ton) as of 8:00am Chicago time. The other grains are seen mixed this morning ahead of floor trading in Chicago: soybeans are currently seen about 1.1% higher, wheat was paused about 0.7% lower, and corn is noted about 1% lower.
U.S. stock index futures pointed to a higher open on Monday, ahead of a quiet day for both earnings and economic data. European stocks followed their Asian counterparts lower early on Monday, after shares in China fell on reports that Chinese banks have started to cut back on loans to property-related industries. In addition, data from China the world's second-largest economy showed new home price growth slowed for the first time in 14 months in January. In eastern Europe, Moscow-backed Viktor Yanukovych was ousted from the presidency over the weekend and a warrant for his arrest was issued on Monday. Oeksander Turchinov has been given the role of acting president. U.S. stocks were largely flat over the past week. The Dow fell 0.3% to 16,103, and the S&P 500 was down 0.1% at 1,836. Nasdaq was up 0.5% at a new 13-year high of 4,263, but the small-cap Russell 2000 led the pack, up 1.3% to 1,164. U.S. stock index futures are currently trading about 0.3% higher, gold is currently trading about 0.6% higher, crude oil is seen trading about 0.4% higher, and the U.S. dollar is currently trading about 0.1% higher at 8:00am Chicago time.
Tags: chicago rough rice futures
Philippines Opposition Lawmakers Accuse NFA of 'Legalized Smuggling' in Rice Imports

Feb 24, 2014
Opposition and minority lawmakers in the Philippines have accused the National Food Authority (NFA) of striking a government-to-government deal with Vietnam to import 500,000 tons of rice on November 16, 2013 at higher prices, according to local sources.Lawmakers say that the rice, which was meant for buffer stocks between December 2013 and March 2014, was bought from Vietnam at $462.25 per ton despite having an offer from Thailand at $462 per ton. They say that this amounts to "legalized smuggling" and claim that the deal could bring up to P1.42 billion (around $32 billion) losses to the government.Lawmakers also add that the price of Vietnam rice was much higher than the market price during the import deal. Some lawmakers cited the USDA report on prices which quoted the prevailing market price from November 16 - 22, 2013 at $377.86 per ton and say that Vietnam rice was $84.39 costlier than the prevailing price. "The NFA could have bought at $365 instead of $462.25 per ton if it took charge of delivery," a lawmaker says.However, the NFA maintains that the Vietnam rice deal was transparent. The NFA admits that it ignored cheaper offer from the Thai government, but clarified that the initial bid by Thailand was $475 per ton which was much higher than Vietnam's $462.25 per ton bid. Later, the Thai government made an offer at $462 per ton, but NFA rejected the offer to avoid endless bidding by Vietnam and Thailand, the NFA says. The NFA also insists that there would be no losses from the deal.
Tags: Philippines rice smuggling, National Food Authority (NFA), Vietnam rice exports, Thailand rice exports
Thailand Rice Farmers Threaten Protests Tomorrow; Fund-Raising Options Shrink for Government
Feb 24, 2014
Rice farmers in Thailand have threatened to launch mass protests tomorrow if the government does not clear delayed payments under the rice mortgage program.Last week, a group of farmers stopped short of halting operations at the Suvarnabhumi international airport in Bangkok after the government assured them that payments would be made in a week. However, the government seems to be ill-prepared to carry out its promise.Last week, the Deputy PM and Finance Minister said that some of the unpaid farmers will receive payments after the state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) launches the first batch of bonds worth up to 100 billion baht (about $3 billion) on February 27, 2014. However, experts remain doubtful of the success of such a move. According to the former chief of BAAC selling bonds to the general public through BAAC at attractive interest rates may attract legal complications. The former BAAC chief told local sources that issuing bonds could expose BAAC executives to lawsuits if the legal authority of a Caretaker government is challenged. He suggests the government to speed up spending of money already approved in the central budget to help the BAAC pay the farmers. He also says that the government could divert related budgets away from various ministries make payments to farmers immediately.Separately, Thailand's Department of Foreign Trade (DFT) has denied reports about the dumping of Thai rice in Indonesia, and about Indonesian rice losing its market share to Thai rice. The DFT DirectorGeneral said the prices of Thai rice were in accordance with the market and Thailand has not offered any price cuts to Indonesia recently. Similar claims have also been made by Cambodia and Vietnam and they have threatened to file a complaint with the World Trade organization (WTO) about the matter.
Tags: Thailand rice mortgage program, Farmer protests, Bank of Agriculture and Agricultural Cooperatives (BAAC)
European Food Safety System Reports on Rice, Rice Product Imports

Feb 24, 2014
In 2013 there were 32 alerts from European Rapid Alert System for Food and Feed (RASFF) about safety and
regularity of imported rice and rice products according to an official report. The data shows that half of them were from China (16), 5 from India, 4 from Pakistan, and then 1 each from Cambodia Vietnam, Hong Kong, USA , Serbia,Germany, and Denmark. otifications came from borders, indicating the presence of something irregular or not allowed by European laws, such as aflatoxins, Gmo, or prohibited pests. In some case some health certification was missing. The Rapid Alert System for Food and Feed (RASFF) was put in place to provide control authorities with an effective tool to exchange information about measures taken responding to serious risks detected in relation to food or feed. This exchange of information helps Member States to act more rapidly and in a coordinated manner in response to a health threat.In 2013, on 32 cases related there have been different reactions: 21 were rejected at borders, for 5 of them an alert was issued, and for other 6 an information was issued: in 13 cases the problem referred to milled rice (six for non-basmati rice, and seven milled Basmati rice), the rest was connected to products based on rice, such as noodles, crackers, and other preparations. The notifications came from 12 different countries from all over Europe.
Tags: food safety
Vietnam Rice Sellers Increase Some of Their Quotes Today; Other Asia Rice Quotes Unchanged
Feb 24, 2014
Vietnam rice sellers increased some of their quotes today. Other Asia rice quotes are mostly unchanged. 5% Broken Rice Thai 5% rice (of new crop) is quoted around $425 - $435 per ton, about a $30 per ton premium over Viet 5% rice shown around $395 - $405 per ton. Indian 5% rice is quoted around $415 - $425 per ton, about a $20 per ton premium over Pak 5% rice quoted around $395 - $405 per ton. 25% Broken Rice Thai 25% rice (of new crop) is quoted about $390 - $400 per ton, about a $20 per ton premium over Viet 25% rice shown around $370 - $380 per ton, up about $5 per ton from Friday. Indian 25% rice is quoted about $360 - $370 per ton, about a $10 per ton premium over Pak 25% rice quoted around $350 - $360 per ton. Parboiled Rice Thai parboiled rice of the old crop is quoted around $460 - $470 per ton. Indian parboiled rice is quoted around $400 - $410 per ton, about $5 per ton discount to Pak parboiled rice quoted around $405 - $415 per ton. 100% Broken Rice Thai broken rice, A1 Super, of the old crop is quoted around $310 - $320 per ton, about a $45 per ton discount to Viet broken rice shown around $355 - $365 per ton. Indian broken sortexed rice is quoted about $300 - $310 per ton, about a $20 per ton discount to Pak broken sortexed rice quoted around $320 - $330 per ton.

25th Feb.,2014 Daily Exclusive ORYZA News by Riceplus Magazine

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25th Feb.,2014 Daily Exclusive ORYZA News by Riceplus Magazine

Hochgeladen von

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Verfügbare Formate

25th Feb.

Chinese COLOR SORTER as low as

Be the part of Rice plus authors Visit: www.ricepluss.com,www.publishpk.net mujahid.riceplus@gmail.com riceplus@irp.edu.pk

TOP Contents - Tailored for YOU Latest News Headlines

Italy Rice Producers Sell 36,897 Tons of Paddy February 11-18

Oryza Global Rice Quotes

415-425 395-405 450-460 575-585 625-635 625-635

Brazil half grain

Medium grain milled U.S. Calrose 4% broken Egypt medium grain 6%

All prices USD per ton, FOB vessel, oryza.com

Surprise, Surprise! Infamous David Tan Fails to Show Up in Philippines Court

Philippines Opposition Lawmakers Accuse NFA of 'Legalized Smuggling' in Rice Imports

European Food Safety System Reports on Rice, Rice Product Imports

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