4th June, 2014 Daily Global Rice E-Newsletter by Riceplus Magazine

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TOP Contents - Tailored for YOU
Latest News Headlines
Govt to spend Rp 18.8 trillion on rice subsidies
Thai rice exporters say top ranking regained
The Thai Rice Exporters Association said it expects the country to export 9 million tonnes of rice
in 2014, 20 per cent more than the previously-estimated 7.5 million tonnes
Exporters call for creation of Rice Board
Thai exporters raise 2014 rice export forecast to 9 mln tonnes
Bangladesh grain imports likely to rise 22 pct in 2014/15-state buyer
Nagpur Foodgrain Prices Open- June 04
CCC Announces Prevailing World Market Prices
CME Group/Closing Rough Rice Futures

News Detail
Govt to spend Rp 18.8 trillion on rice subsidies
The Jakarta Post, Jakarta | National | Wed, June 04 2014, 8:41 AM
The government has decided to reform its rice for the poor (raskin) program for the 16th consecutive year by trialling
access to the program through the possession of a Social Protection Card (KPS).Safri Burhanuddin, the assistant
deputy of social benefits for the Office of the Coordinating Peoples Welfare Minister, said on Tuesday that under
the improved program, the government would only sell subsidized rice to the bottom 25 percent of earners.The
raskin rice is meant to benefit poor and economically vulnerable households. It is not to supposed to be distributed to
middle-class families, he said.
This year, the government is expected to spend about Rp 18.8 trillion (US$1.6 billion) on the program, which will
support 15.5 million qualifying households. Participating families would pay just Rp 1,600 per kilogram of


rice.Under the reformed program, the government has developed a distribution mechanism that uses the KPS to
determine household eligibility.By using the KPS, the government is attempting to ensure that the monthly
deliveries of 15 kg of rice go to those who really need it, he said.The KPS is an identity card that allows poor
families to access a number of social welfare programs.Recognizing the potential for social mobility, the government
has strived to update its database of household information through village council meetings.Sarwat Fardaniyah,
subdivision head of identification and analysis at the Social Affairs Ministrys directorate of rural poverty reduction,
said that the village meetings would verify the list of beneficiary households and replace those that were no longer
entitled to the program with others in need.Sarwat blames irregularities in recent years on the lack of engagement in
monitoring and logistics funding among regional administrations.Due to a lack of transportation and buying power,
there are two regencies that have declined to use the raskin program, Sarwat said, referring to Mukomuko in
Bengkulu province, and Malinau in North Kalimantan province.

The government elected to reform the program in response to a probe by the Corruption Eradication Commission
(KPK) into the programs irregularities, the results of which were announced last April.Earlier, Coordinating
Peoples Welfare Minister Agung Laksono had said that the government would come up with an action plan to jump
start a redesign of the raskin program within 30 days of the KPKs probe results.Even so, Safri said that the reform
initiative was carried out independent of the KPKs findings.
[All the issues] the KPK raised are well known, but they are still interesting to note, he said. (tjs)

Thai rice exporters say top ranking regained
1:00 AM Thursday Jun 5, 2014
BANGKOK (AP) Thailand's rice association said Wednesday the country has regained its spot as the world's
top rice exporter by volume, after sliding behind India and Vietnam last year due to a failed subsidy and
stockpiling policy.The news website of the state-owned Mass Communications Organization of Thailand said
the country exported 3.93 million tons of rice from January to May 20. It cited Thai Rice Exporters Association
president Charoen Laothamatas.The report said India exported 3.74 million tons in the same period and
Vietnam exported 2.4 million tons.Thailand's former government, ousted by a coup last month, implemented a
program to buy rice from farmers at above market prices.As the top rice exporter, Thailand hoped to control the
market and push prices up.
But India and Vietnam increased exports, which prompted stockpiling by Thailand as it tried to contain losses
from its subsidy policy aimed at boosting rural incomes.It's unclear if Thailand will maintain the top exporter
spot for the whole year.The U.N. Food and Agriculture Organization forecast in April that Thailand will export
8.7 million tons in 2014, behind India at 9.5 million tons.Despite higher export volumes, Thai rice is


commanding a lower price on world markets than other major exporters. The price is constrained by Thailand's
large stockpile and questions about quality due to holding the grain in storage for longer than usual.Rice
association data shows Thai 5-percent grade rice is fetching an average of $390 a ton compared with $405 a ton
for Vietnam and $435 a ton for India.
The Thai Rice Exporters Association said it expects the country to export 9
million tonnes of rice in 2014, 20 per cent more than the previously-estimated
7.5 million tonnes

BANGKOK: The Thai Rice Exporters
Association on Wednesday raised the forecast
for rice exports as the end of the state pledging
scheme would help bring down prices.The
association said it expects the country to export
9 million tonnes of rice in 2014. This is 20 per
cent more than the previously-estimated 7.5
million tonnes.Rice exports fell in Thailand after
the deposed government in October 2011 began
buying rice from farmers at above market price,
making export rates uncompetitive.India
overtook Thailand as the worlds top rice
exporter in 2012 as the scheme, which was
meant to help poor farmers, caused a hike in export prices.
The price of Thai 5-per cent broken rice reached US$650 per tonne in October 2011 while India was selling the
grain overseas at far lower rates.The Thai grain is now selling at between US$380 and US$385, while
Vietnamese rice costs US$400-US$405.Some 800,000 farmers were owed payment for months after the rice
pledging scheme ran into financial trouble.The scheme ended in February this year.Thailands current military
junta began paying money owed to the farmers after it seized power in a coup. File photo: Thai farmers harvest
rice in a field in Thailand's southern Narathiwat province. (AFP/MADAREE TOHLALA)
Exporters call for creation of Rice Board
PETCHANET PRATRUANGKRAI
THE NATION June 5, 2014 1:00 am


THE THAI RICE Exporters Association (TREA) yesterday proposed to the National Council for Peace
and Order the setting up of an independent "Rice Board", comprising representatives from all involved
to set up rice management policies and development plans for promoting sustainable growth of the
industry.
The proposal was made following expectations that the
military government would not intervene in the market
mechanism any longer, as it has created huge losses for the
country as well as destroyed rice exporters'
competitiveness.The association also believes that Thailand
will reclaim its crown as the world's largest rice exporter
this year with expected export volume of 9 million tonnes,
higher than the previous projection in January of 7.5 million
tonnes due to the lower price of Thai rice and lower export
competition from India and Vietnam in the short run.

Association president Charoen Laothamatas said that to increase efficiency of the rice industry management and
ensure fair benefit to all involved, an independent Rice Board should be set up. The panel should be free from
the impact of political changes so that the Thai rice industry could be developed without any intervention,
despite changes in government.The panel should involve representatives from farmers, millers, local traders,
exporters, academics, and representatives from government agencies. The panel should have full authority to
draw up policies and increase the role of the market mechanism but should not intervene in the market system,
he said.Charoen said that Thailand had learnt a valuable lesson from market intervention by setting a high
pledging price. The government has faced huge losses from pledging and is left with enormous stockpiles, while
the rice trading system has been destroyed.

The government should no longer set up any subsidy project as it has destroyed both farmers and traders.He
pointed out that without subsidy measures, the government could save at least Bt45 billion to Bt50 billion to
help farmers with other long-term measures such as reducing the cost of production.To manage rice output in
the upcoming harvest season second crop and the 2014-15 main crop harvest season, Charoen said the
government could negotiate for selling rice in the futures market on export overseas so that farmers will have
exact market and gain stable rice price.TREA honorary president Korbsook Iamsuri said that Thailand needs to
have a clear roadmap to develop the rice industry from upstream to downstream with no political
intervention.She said that the current National Rice Policy Committee has no efficiency to manipulate the rice
industry, as it comprises only representatives from the government sides.


The National Rice Policy Committee should be under the Rice Board as the board would not depend on politics
and would focus only on industry development.The Rice Board could be set up under the Act so that in future
politicians would not intervene in the rice industry as in the past, she added.Chookiat Ophaswongse, honorary
president of the association, said that Thai rice exports this year would reach 9 million tonnes, worth about
US$4.75 billion (Bt150 billion).Export volume has increased largely this year as the price of Thai rice has fallen
gradually because the market is aware that the Thai government holds giant stockpiles and needs to release
them continuously.
The export value will not increase as much as the volume due to the low price of Thai rice. The average price
per tonne of Thai rice is expected at $510 a tonne, compared with $620 a tonne last year, said
Chookiat.However, the price of Thai rice has already bottomed out in recent months. The association foresees
that the price of Thai rice is expected to increase slightly in the following months by about 10 per cent or $20-
30 a tonne. Vichai Sriprasert, another honorary president, said the pledging project had not only created huge
losses to the country, but also destroyed farmers in the long run. The price of paddy rice in the local market has
dropped sharply from Bt11,000 a tonne during pledging to only Bt7,000 a tonne now.

Thai exporters raise 2014 rice export forecast to 9 mln tonnes
20130702_ThaiRice.jpg

Reuters
Wednesday, Jun 04, 2014
BANGKOK- The Thai Rice Exporters Association said on Wednesday it expected the country to export 9
million tonnes of rice in 2014, up from its forecast of 7.5 million tonnes made
early this year."It is because the current Thai government doesn't have any
intervention programme and that allows the market mechanisms to work freely.
As a result, Thai rice prices have gone lower than those of competitors,"
Charoen Laothamatas, president of the association, told Reuters.Thailand
exported 6.6 million tonnes in 2013, down from 6.9 million tonnes in 2012,
when the country lost its crown as the world's biggest rice exporter to
India.Exports slumped after the government of former Prime Minister Yingluck Shinawatra started buying rice
from farmers at a price way above the market level from October 2011, which made export prices
uncompetitive.
Bangladesh grain imports likely to rise 22 pct in 2014/15-state buyer
(Reuters) - Bangladesh's grain imports are likely to rise 22 percent to 1.1 million tonnes in the financial year
beginning in July, the head of the state grains buyer said on Wednesday.The state grains purchasing agency will


import 900,000 tonnes of wheat and 200,000 tonnes of rice in the 2014/15 year to ensure food security, said Ahmed
Hossain Khan at the Directorate General of Food.
In addition, the government will procure 1.5 million tonnes of rice locally."This target has been set for the coming
fiscal year but it may be changed depending on the food situation," Khan told Reuters.In the current fiscal year, the
state buyer imported 900,000 tonnes of wheat, including 200,000 tonnes in a government-to-government deal with
Ukraine, but no rice was imported. (Reporting by Ruma Paul; Editing by Muralikumar Anantharaman)
Nagpur Foodgrain Prices Open- June 04
Wed Jun 4, 2014 3:22pm IST

Nagpur, June 4 (Reuters) - Gram and tuar prices in Nagpur Agriculture Produce and
Marketing Committee (APMC) recovered strongly here on renewed demand from local millers amid
weak supply from producing regions because of pre-monsoon rains in parts of Vidarbha. Sharp rise
in gram on NCDEX, weak overseas arrival and reported demand from South-based millers also
boosted prices, according to sources.
* * * *
FOODGRAINS & PULSES
GRAM
* Desi gram declined further in open market on lack of demand from local traders amid
release of stock from stockists.

TUAR
* Tuar gavarani and tuar Karnataka firmed up in open market on renewed seasonal demand
from local traders amid tight supply from producing belts.

* Moong Chamki shot up in open market on renewed demand from local traders amid thin
supply from producing regions.

* In Akola, Tuar - 4,100-4,300, Tuar dal - 6,300-6,500, Udid at 6,500-6,800,
Udid Mogar (clean) - 7,600-8,100, Moong - 8,000-8,200, Moong Mogar
(clean) 9,200-10,000, Gram - 2,400-2,600, Gram Super best bold - 3,300-3,600
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 2,300-2,520 2,280-2,460


Gram Pink Auction n.a. 2,100-2,600
Tuar Auction 5,000-5,200 4,800-4,900
Moong Auction n.a. 5,200-5,500
Udid Auction n.a. 4,300-4,500
Masoor Auction n.a. 2,600-2,800
Gram Super Best Bold 3,850-4,000 3,850-4,000
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 3,300-3,400
Desi gram Raw 2,500-2,650 2,600-2,700
Gram Filter new 3,200-3,400 3,200-3,400
Gram Kabuli 8,500-10,500 8,500-10,500
Gram Pink 7,700-8,100 7,700-8,100
Tuar Fataka Best 6,400-6,600 6,400-6,600
Tuar Fataka Medium 6,200-6,300 6,200-6,300
Tuar Dal Best Phod 5,700-5,900 5,700-5,900
Tuar Dal Medium phod 5,300-5,600 5,300-5,600
Tuar Gavarani 4,350-4,450 4,300-4,400
Tuar Karnataka 4,250-4,350 4,200-4,300
Tuar Black 7,600-7,900 7,600-7,900
Masoor dal best 6,200-6,400 6,200-6,400
Masoor dal medium 6,000-6,200 6,000-6,200
Masoor n.a. n.a.
Moong Mogar bold 9,600-10,200 9,600-10,200
Moong Mogar Medium best 8,900-9,400 8,900-9,400
Moong dal super best 9,000-9,400 9,000-9,400
Moong dal Chilka 8,800-9,200 8,800-9,200
Moong Mill quality n.a. n.a.
Moong Chamki best 8,200-9,500 8,000-9,100
Udid Mogar Super best (100 INR/KG) 8,200-8,500 8,200-8,500
Udid Mogar Medium (100 INR/KG) 6,800-7,600 6,800-7,600
Udid Dal Black (100 INR/KG) 5,700-6,000 5,700-6,000
Batri dal (100 INR/KG) 4,000-5,000 4,000-5,000
Lakhodi dal (100 INR/kg) 3,000-3,100 3,000-3,100
Watana Dal (100 INR/KG) 3,350-3,450 3,350-3,450
Watana White (100 INR/KG) 3,600-3,700 3,600-3,700
Watana Green Best (100 INR/KG) 4,900-5,400 4,900-5,400
Wheat 308 (100 INR/KG) 1,200-1,600 1,200-1,600
Wheat Mill quality(100 INR/KG) 1,300-1,600 1,300-1,600
Wheat Filter (100 INR/KG) 1,300-1,500 1,300-1,500
Wheat Lokwan best (100 INR/KG) 2,000-2,150 2,000-2,150


Wheat Lokwan medium (100 INR/KG) 1,700-1,800 1,700-1,800
Lokwan Hath Binar (100 INR/KG) n.a. n.a.
MP Sharbati Best (100 INR/KG) 2,800-3,000 2,800-3,000
MP Sharbati Medium (100 INR/KG) 2,200-2,700 2,200-2,700
Wheat 147 (100 INR/KG) 1,100-1,400 1,100-1,400
Wheat Best (100 INR/KG) 1,700-2,000 1,700-2,000
Rice BPT (100 INR/KG) 3,600-4,000 3,600-4,000
Rice Parmal (100 INR/KG) 1,900-2,100 1,900-2,100
Rice Swarna old (100 INR/KG) 3,000-3,200 3,000-3,200
Rice HMT (100 INR/KG) 3,800-4,100 3,800-4,100
Rice HMT Shriram (100 INR/KG) 4,600-5,400 4,600-5,400
Rice Basmati best (100 INR/KG) 10,400-13,900 10,400-13,900
Rice Basmati Medium (100 INR/KG) 7,300-10,000 7,300-10,500
Rice Chinnor (100 INR/KG) 5,500-5,800 5,500-5,800
Jowar Gavarani (100 INR/KG) 1,300-1,500 1,300-1,500
Jowar CH-5 (100 INR/KG) 1,600-1,700 1,600-1,700

WEATHER (NAGPUR)
Maximum temp. 42.4 degree Celsius (108.3 degree Fahrenheit), minimum temp.
26.9 degree Celsius (80.4 degree Fahrenheit)
Humidity: Highest - 69 per cent, lowest - 27 per cent.
Rainfall : 0.0 mm
FORECAST: Partly cloudy sky. Maximum and Minimum temperature likely to be around 45 and 25
degree Celsius respectively.

Note: n.a.--not available

(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.)

Farm Bill Enrollment Decisions Made Easier with Online Educational Tools
Looking for answers online.
(USDA photo)
WASHINGTON, DC -- Last week, Agriculture Secretary Tom Vilsack announced that the U.S. Department of
Agriculture (USDA) is awarding $6 million to universities and cooperative state extension services to develop online
decision tools and other education materials and to train extension personnel to educate producers about key farm bill
programs. The goal is to help farmers and ranchers make sound decisions about base reallocations, yield updates, and
what 2014 Farm Bill programs make the most sense for their specific situation.


The Agricultural and Food Policy Center (AFPC) at Texas A&M, the Food and Agricultural Policy Research Institute
(FAPRI) at the University of Missouri, and the University of Illinois will share $3 million to develop and launch
educational tools to assist farmers and ranchers in making enrollment decisions for the Agriculture Risk Coverage (ARC)
program and the Price Loss Coverage (PLC) program. "Helping farmers and ranchers understand new Farm Bill programs
and what the programs mean for their families is one of USDA's top priorities," said Vilsack. "With the resources we're
providing, university experts will help ensure farmers and ranchers are highly educated as they make critical decisions
about new programs. The new tools will empower farmers and ranchers to select the plan that best fits their unique
needs."
"For many years, the USA Rice Federation and AFPC have been collaborating on economic and farm policy analysis for
the rice industry," said Reece Langley, USA Rice vice president of government affairs. "We appreciate the strong
working relationship our industry has with AFPC and are pleased they will be part of the team developing this important
decision making tool for producers. We look forward to working with them to ensure that our members utilize this
valuable tool." Langley said producers can find a helpful worksheet on the AFPC website that will need to be filled in
prior to using the educational tool.
Contact: Lauren Echols, (703) 236-1444
CCC Announces Prevailing World Market Prices
WASHINGTON -- The Department of Agriculture's Commodity Credit Corporation todayannounced the
following prevailing world market prices of milled and rough rice, adjusted for U.S. milling yields and location,
and the resulting marketing loan-gain (MLG) and loan deficiency payment (LDP) rates applicable to the 2013
crop, which became effective today at 7:00 a.m., Eastern Time (ET). Prices are unchanged from the previous
announcement.
World Price MLG/LDP Rate

Milled
Value
($/cwt)
Rough
($/cwt)
Rough ($/cwt)
Long-Grain 17.52 11.50 0.00
Medium-/Short-Grain 17.18 11.76 0.00
Brokens 12.00 ---- ----


This week's prevailing world market prices and MLG/LDP rates are based on the following U.S. milling yields
and the corresponding loan rates:

U.S. Milling Yields
Whole/Broken
(lbs/cwt)
Loan Rate
($/cwt)
Long-Grain 57.94/11.23 6.65
Medium-/Short-Grain 63.26/7.45 6.58

The next program announcement is scheduled for June 11.
CME Group/Closing Rough Rice Futures
CME Group (Preliminary): Closing Rough Rice Futures for June 4

Month Price Net Change
July 2014 $14.225 - $0.325
September 2014 $13.935 - $0.200
November 2014 $14.060 - $0.200
January 2015 $14.190 - $0.200
March 2015 $14.345 - $0.205
May 2015 $14.345 - $0.205
July 2015 $14.345 - $0.205

4th June, 2014 Daily Global Rice E-Newsletter by Riceplus Magazine

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