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Daily

Global

Rice E-

Daily Global Rice E-Newsletter by Riceplus Magazine

February

, 2015

V o l u m e 5, Issue I

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Port gives rice exporters a cut in storage costs


Wed, 4 March 2015
Charles Rollet

In a bid to ramp up rice exports to 1 million tonnes in 2015, the Phnom Penh
Autonomous Port announced yesterday that rice stored in its warehouses would
not be charge any fees for up to 18 days.The move comes after 2014s rice
exports stacked up to 387,061 tonnes, according to the Agriculture Ministry, with
Prime Minister Hun Sen admitting in December that the million-tonne goal was
unlikely.Song Saran, chief executive of Amru rice, said the ports move was a
good sign for rice exporters.
I think it will help push our exports, especially to China, he said, adding that
storing rice at the port currently costs about $1 to $2 per tonne for every two
weeks.However, Saran said he believed the 1 million tonne goal was still
improbable due to high logistical and storage costs outside Cambodia. Its one of
the factors we cannot reach.

APEDA News

Market Watch

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Commodity-wise, Market-wise Daily Price on 03-03-2015
Domestic Prices

Unit Price : Rs/Qtl

Product

Market Center

Variety

Min
Price

Max Price

Fine

3000

3600

Rice
1

Cachar (Assam)

Chala (Kerala)

Other

2600

2625

Deogarh (Orissa)

Other

2000

3000

Amreli (Gujarat)

Other

1425

1650

Gumla (Jharkhand)

Other

2200

2700

Aklera(Rajasthan)

Other

1310

1430

Aroor (Kerala)

Other

5800

6000

Karanjia(Orissa)

Other

4000

4500

Haldwani(Uttrakhand)

Other

2800

5000

Aroor (Kerala)

Other

2200

2400

Banki (Orissa)

Other

1200

1500

Ateli(Haryana)

Other

1050

1150

Wheat

Apple

Brinjal

Source: agmarknet

for more products

Egg

Rs per 100 No.


Price on 03-03-2015

Product

Market Center

Price

Pune

285

Nagapur

267

Namakkal

255

Source: e2necc.com

International Benchmark Price


Price on: 03-03-2015

Product

Benchmark Indicators Name

Price

Apricots
1

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

6125

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

4875

Turkish size 8, CIF UK (USD/t)

3625

Greek provincial, CIF UK (USD/t)

1552

Currants

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2

Greek Vostizza, CIF UK (USD/t)

1666

Corn/Maize
1

DCE Corn Futures (USD/t)

363

NYSE Liffe Corn Futures (USD/t)

166

ITOCOM Corn Futures (USD/t)

199

Source:agra-net

for more products

Other International Prices

Unit Price : US$ / package


Price on 03-03-2015

Product

Market
Center

Origin

Variety

Low

Onions Dry

High
Package: 50 lb sacks

Atlanta

Baltimore

Chicago

Mexico

Yellow

14

14.50

New York

Yellow

13

13

Nevada

Yellow

10.50

Cucumbers

Package: cartons film wrapped

Atlanta

Mexico

Long Seedless

12

12.50

Baltimore

Canada

Long Seedless

10

11

Miami

Honduras

Long Seedless

10

Grapes

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Package: 18 lb containers bagged

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1

Atlanta

Baltimore

Peru

Red Globe

28

30.50

Traders To Blame For Spike in Rice Prices,


Says Official
By I MADE SENTANA and DEDEN SUDRAJAT
A farmer pulls an old fishing net over a rice field to protect it from birds in Cilacap,
Central Java, on March 2.Darren Whiteside/Reuters
JAKARTA, IndonesiaMarkups by traders not a supply
shortage were the primary cause of a recent spike in rice
prices in Indonesia, a government official has said,
downplaying
the
widespread
effect
of
the
increase.Sasmito Hadi Wibowo, a deputy at Indonesias
national statistics agency, said farmers across the
country sold their crops to middlemen as the harvest
season began in February for 2.1% less on average than in January, at 4,922
rupiah ($0.38 cents) per kilogram.
The middlemen then sold the rice on to mills at 0.33% higher than in January, he
added. The mills raised their prices by 1% before selling the unhusked rice on to
wholesalers, who charged retailers 3% more per kilogram of rice than they had in
January.The costs of moving through all those hands was passed onto consumers,
said Mr. Wibowo. In total, some consumers ended up paying as much as 7% more
for rice than in January, he said.Mr. Wibowo refuted media reports that the price of
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rice rose 30% across the country, saying that such a spike happened only at a few
market places and it only affected the price of certain types of rice.
The highest increase was recorded in Jakarta,
where the average increase was 7%, said Mr.
Wibowo.The price spike raised alarm among
consumers in a country of 250 million people
where rice is considered a staple crop. As a
local saying goes, if you havent eaten rice, you
havent had a meal.This handout photo, taken
and released on Feb. 25 by the presidential
palace, shows Indonesian President Joko
Widodo (2nd R) speaking to State Enterprise Minister Rini Soemarno (3rd R) and
other officials during a visit to the Bureau of Logistics (Bulog) warehouse.
President Joko Widodo has made achieving self-sufficiency in rice and several
other key staples one of the priorities of his administration. Following the increase
last month, he ordered the national logistics agency, known as Bulog, to release
its 1.4 million ton of rice stocks to calm prices.
Mr. Wibowo praised the governments decision not to import rice in response to
the rice inflation, since it was not due to a supply shortage, he said. Importation
would only hurt the farmers, he added.In recent years domestic rice production
has increased growing from 31 million tons to 41 million tons between 2004 and
2014. But Indonesians are among the largest consumers of rice in the world,
eating an average of 130 kilograms of rice per person per year.In order to meet
demand from a growing population, the government has had to make up a supply
shortfall with imports almost every year since the early 1960s.
http://blogs.wsj.com/indonesiarealtime/2015/03/03/traders-to-blame-for-spike-inrice-prices-says-official/?KEYWORDS=agriculture&utm_source=USA+Rice+Daily
%2C+March+4%2C+2015&utm_campaign=Friday
%2C+December+13%2C+2013&utm_medium=email

CME Group/Closing Rough Rice Futures


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CME Group (Prelim): Closing Rough Rice Futures for March 3


Month

Price

Net Change

March 2015

$10.360

- $0.175

May 2015

$10.625

- $0.170

July 2015

$10.875

- $0.170

September 2015

$11.035

- $0.105

November 2015

$11.245

- $0.060

January 2016

$11.380

- $0.055

March 2016

$11.380

- $0.055

Gov't to hold 'Thai rice: Thainess' fair


BY LARRY BANKS ON 2015-03-04THAILAND
Govt to hold Thai rice: Thainess fair tomorrow
BANGKOK, 4 March 2015 (NNT) Thai government will begin the Thai
rice: Thainess

rice

fair tomorrow in

accordance

with

the

Prime

Ministers policy to promote good quality rice from Thai farmers, to


increase product value and to support the farmers.Officials are now
working to prepare the area along the Phadung Krung Kasem canal in Bangkok,
which is the designated location that will host the Thai rice: Thainess fair,
starting tomorrow onwards.Food vendor booths, central stage, rice sprouts
display, the exhibition on the Royal Familys contribution on rice development in
Thailand, and the exhibition on rice technology are the highlights at the event.
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Activities in this event will include cultural performances, demonstrations of ricerelated traditions and farmers livelihood from the four regions of Thailand, as well
as a workshop on cooking rice. Cheap rice retailing will also be available at the
fair.The event was initiated by the Prime Minister Prayut Chan-o-cha to serve as a
platform for good quality rice farmers from communities to be able to promote
their products in Bangkok. This fair will be a good opportunity to create a direct
connection between farmers and consumers, as well as increasing the rice value
which will help encourage farmers income and livelihood.
NNT 2015-03-04
http://news.thaivisa.com/thailand/govt-to-hold-thai-rice-thainess-fair/35092/

36,000 rice farmers in central Thailand are


taking alternative employments due to
drought
BY LARRY BANKS ON 2015-03-04THAILAND

MOAC: 36,000 rice farmers in central region are taking alternative employments due to
drought

BANGKOK, 4 Mar 2015 (NNT) According to the Ministry of Agriculture


and Cooperatives, about 36-thousand rice farmers in the central region
are taking substitution jobs offered by the government to compensate
revenue loss as they are unable to do off-season farming due to
widespread drought. Permanent Secretary of the Ministry Chawalit Chukajon
said that these farmers are residing in 26 provinces along the Chao Phraya and
Mae Klong Rivers which have been denied from irrigation water due to the severe
drought.He also claimed that state projects that are hiring farmers affected by the
harsh weather condition are now 50% completed.

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Mr. Chawalit expected the projects to be concluded by the end of this month.
These projects involve canal dredging and water source development.As for the
project to give a fund of 1 million baht to each of the 3,051 drought affected
villages in 58 provinces, Mr. Chawalit estimated that the funding would start to be
poured into each Tambon in the second week of this month.Meanwhile, Minister of
Agriculture and Cooperatives Petipong Pheungbun Na Ayutthaya, said royal
rainmaking will soon be conducted in the North to help control smog and wildfires
in the region.
The air contamination level in the area has already exceeded the standard mark
by 120 microgram per cubic meter as measured on February 28th. Mr. Petipong
claimed the majority of the smog came from Myanmar.

Thailand Ready To Help Namibia In Rice


Production
WINDHOEK, March 4 (BERNAMA-NNN-NAMPA) -- Rice exporters from Thailand have
stated their readiness to assist Namibia in identifying the right technology in the
production of rice."We are one of the biggest exporters of rice and we would like
to help Namibia plant and produce its own rice. If need be, we can also export rice
to Namibia," the kingdom's ambassador to Namibia, Voradet Viravakin, told
Nampa.
Speaking after an audience with President Hifikepunye Pohamba at State House
here Monday, at the head of Thai business delegation, most of them rice
exporters, he said Thailand had all the technologies and expertise needed in
planting and growing rice."We have helped Ghana to grow its own rice and today
that country is producing rice even for export," he said.Pohamba urged Namibian
and Thai businesses to co-operate in the field of trade."We want Thailand to teach
us how to grow rice. Namibians know how to eat rice but do not know how to
produce rice," quipped Pohamba.He said the land was available, but there was no
expertise. Namibia is already producing rice at the Kalimbeza project in the
Zambezi Region, where three varieties of rice -- Supa, Irga and Angola -- are being
grown.The project covers a total area of 222 hectares, of which some hectares are
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still under production. It was declared a national project by Pohamba in 2009,
indicating its potential to boost food security and assist with poverty reduction.
-- BERNAMA-NNN-NAMPA

Rice imports rise to four-year high


Sohel Parvez

Rice imports hit a four-year high


as
traders find foreign produce,
mainly
from
India,
cheaper.Private traders imported
8.73 lakh tonnes of rice between
July
1 and March 2, the highest since
fiscal 2010-11, according to food
ministry data. The government
did
not import any rice in the same
period.It is because of the price
difference between the Indian
and
Bangladeshi rice. Indian produce
is
cheaper than ours," said Chitta
Majumder, owner of Majumder
Traders that has imported more
than 80,000 tonnes since July.Traders and millers said imports soared in the
current fiscal year due to a zero-duty facility for rice import and higher production
of medium quality rice in India.
Majumder said a medium-quality rice variety named Swarna, which is also grown
locally, is being imported in bulk due to low prices in India.His import cost for one
kilogram of Swarna stood between Tk 24.5 and Tk 25.20 yesterday -- lower than
the wholesale price of local Swarna at Tk 27, Majumder said.He, however, said
increased imports have put millers in a tight spot as the demand for locally grown
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coarse and medium quality rice has come down."Due to the slack demand for
local Swarna, I am making profits from imports, but at the same time, incurring
losses for my milled rice," he said.All the imports made so far this fiscal year were
by the private sector.
However, imports soared though the latest harvests of aman, aus and boro rice
were good.Bangladesh produced 3.44 crore tonnes of rice in fiscal 2013-14, up
from 3.38 crore tonnes a year ago, according to Bangladesh Bureau of
Statistics.Production is higher than the domestic food grain requirement of nearly
three crore tonnes, according to an estimate by Bangladesh Institute of
Development Studies.Banking on the increased output, the government also
shipped 25,000 tonnes of rice to Sri Lanka early this fiscal year.
Leaders of Bangladesh Auto, Major and Husking Mills Association, which has
around 17,000 members, said they are demanding the government discourage
imports to protect local millers and farmers."The demand for locally grown fine
rice remains good. But the demand for coarse and medium quality rice has fallen
and it can rise if the government imposes duty on imports," he said.In December
last year, a parliamentary panel advised the food ministry to take steps to
discourage imports.Contacted by phone, Food Minister Md Qamrul Islam said the
imported amount is not so high compared to domestic production. He also said
imposing duty on rice imports is the jurisdiction of the commerce ministry.
Published: 12:00 am Thursday, March 05, 2015
Last modified: 1:01 am Thursday, March 05, 2015

TAGS: India cheaper Rice imports Chitta Majumder Majumder Traders

http://www.thedailystar.net/rice-imports-rise-to-four-year-high-67772
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Expo Pakistan 2015' opens new avenues for rice


export: REAP chief
March 04, 2015
RECORDER REPORT

'Expo Pakistan 2015' has opened new avenues for the rice export as buyers of
several countries were gathered under a roof, said Rafique Suleman Chairman
Rice Exporters Association of Pakistan (REAP). Addressing a reception in honour of
foreign delegations of Kenya, Indonesia, Malaysia and Kuwait, he expressed
hearted congratulations to S M Munir, Chief Executive and Rabiya Javeri, Secretary
Trade Development Authority of Pakistan (TDAP) for organising successful event of
Expo Pakistan 2015 at Expo Centre Karachi.
Although Pakistani rice was already popular in the world market, however that
exhibition had provided another platform to explore new markets, he said. "Expo
Pakistan 2015 provided good opportunity to introduce Pakistani rice to foreign
delegates and we will get very positive results of this event," he added. Chairman
REAP said rice had not been included in the Preferential Trade Agreement (PTA)
between Pakistan and Indonesia, which was a big hurdle in increasing exports to
Indonesia, hoping that after inclusion of Pakistani rice in PTA bilateral trade among
two countries could be enhanced.
Talking about the trade with Kenya, he said rice and tea were two major
commodities being traded between Kenya and Pakistan. He urged TDAP to
continue those types of efforts to increase the country's exports. Senior Vice
President, FPCCI, Abdul Rahim Janoo said Pakistan enjoyed very friendly
relationship with GCC countries and Pakistan was importing huge quantity of oil
products. He said for first time a huge number of foreign delegations attended
Expo Pakistan which showed the confidence of foreign investors on government
and its policies. Local business community was also satisfied with the steps taken
by government towards the improvement of trade and business in Pakistan, he
added.

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On the occasion, High Commissioner of Pakistan to Kenya Rafiuzzaman Siddiqi,
Consul General of Indonesia in Karachi Hadi Santoso, Honarary Consul of Kenya in
Karachi Hanif Janoo, Senior Vice President, FPCCI Abdul Rahim Janoo, Commercial
Secretary of Pakistan Embassy in Indonesia Maria Kazi, Commercial Secretary of
Pakistan in Malaysia Wajihullah Kundi and others were also present.
The Business Recorder

Thailand won 200,000-tonne G2G rice sale deal with


the Philippines
BY LARRY BANKS ON 2015-03-04THAILAND

BANGKOK, 4 March 2015 (NNT) Thailand won a government-to-government rice


bidding contest to sell 200,000 tones of rice to the Philippines, one of the biggest
rice buyers in the world, Commerce Minister Gen Chatchai Sarikulya revealed.The
Philippines called the auction to buy a total of 500,000 tonnes of new rice, with
Thailand winning to deliver 200,000 tonnes and Vietnam to deal with the rest.
Half of the Thai rice to be delivered will be 15% broken white rice, and the other
half will be 25% broken white rice.Gen Chatchai said the rice deal would benefit
Thailands rice production cycle as Manila has set the delivery date in March and
April, allowing Thailand to release a great amount of rice in a short period. This is
expected to help accelerate the release of new rice which is to come out in lateMarch.
http://news.thaivisa.com/thailand/thailand-won-200000-tonne-g2g-rice-sale-deal-with-thephilippines/34894/

CCC Announces Prevailing World Market Prices

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WASHINGTON, DC -- The Department of Agriculture's Commodity Credit Corporation today announced 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 2014 crop, which became effective
today at 7:00 a.m., Eastern Time (ET). Rough rice prices are decreased $0.08 per cwt for long grain and medium/short
grain.
World Price

MLG/LDP Rate

Milled Value
($/cwt)

Rough
($/cwt)

Rough ($/cwt)

Long-Grain

15.48

10.03

0.00

Medium-/Short-Grain

15.10

10.17

0.00

Brokens

9.34

----

----

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

57.21/12.55

6.64

Medium-/Short-Grain

61.89/8.83

6.51

The next program announcement is scheduled for March 11.

CME Group/Closing Rough Rice Futures

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CME Group (Prelim): Closing Rough Rice Futures for March 4
Month

Price

Net Change

March 2015

$10.465

+ $0.105

May 2015

$10.725

+ $0.100

July 2015

$10.975

+ $0.100

September 2015

$11.145

+ $0.110

November 2015

$11.305

+ $0.060

January 2016

$11.435

+ $0.055

March 2016

$11.435

+ $0.055

Dry Winter Weather Worries Rice Farmers


Lesley McClurg
Tuesday, March 3, 2015 | Sacramento, CA | Permalink
Farm on Pleasant Grove Road, Pleasant Grove CA.
Brian Baer / California Rice Commission
California rice farmers are worried that if
doesn't rain or snow soon they will have
to fallow fields again this year. The rice
crop was down nearly 25% in 2014. But,
it's not just the drought that's hurting
growers. Market competition from states
like Louisiana and Arkansas is also
increasing. Ryan Schohr is a sixth
generation rice farmer in Butte County.
Last year he fallowed more than half of his
fields because of the drought. He worries
about this year and next. "The drought is
certainly really impacting the decisions we make with the level of employees, the
amount of equipment we'll be utilizing to help prepare the soil to plant our crops.
All those things are very dynamic at this point," says Schohr.
The drought is only one dark market force. Tim Johnson is the president of the
California Rice Commission. He says rice grown in Arkansas and Louisiana is
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penetrating the market and driving the price down. He stresses that the quality of
southern rice is lower, but some markets are willing to sacrifice on flavor to save
money."The world knows that the quality of the rice grown in California is very
very high. But, for especially countries that import rice sometimes price is the
predominating factor."Johnson cites Turkey, Taiwan and Micronesia as examples of
countries who are buying southern rice instead of calrose.

http://www.capradio.org/43701?utm_source=USA+Rice+Daily
%2C+March+4%2C+2015&utm_campaign=Friday
%2C+December+13%2C+2013&utm_medium=email

Consumers: Health Foods like Rice are Worth


Every Penny

ARLINGTON, VA -- A recent
Fred Zaunbrecher (l) Global Health and Wellness Survey conducted by Nielsen
showcased the willingness of younger consumers to put
and
Byron Holmes know their money where their mouth is -- literally. Nielsen, a
top global information and measurement company that
promotion
opportunities
when provides insight into current consumer trends, found
consumers are making a conscious effort to incorporate
they see them
natural foods into their diets in lieu of processed,
artificial ingredients.
This is good news for the rice industry, as U.S.-grown rice is sodium- and
cholesterol-free, contains no trans fats or saturated fats, is gluten-free, and the
least allergenic of all grains. These health features are what consumers are
seeking out and are happy to pay for. "The outreach we do with registered
dietitians is precisely designed to capitalize on thesetypes of findings," said Fred
Zaunbrecher, a Louisiana rice farmer and chairman of the USA Rice Federation's
Domestic Promotion Committee. "We put a lot of effort into positioning rice as the
answer for this influential audience, and this survey shows we got the questions
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right - the questions people are asking dietitians namely, 'I have health concerns, whatshould I be
eating?'"
The obesity epidemic has worsened over the last few
decades, with nearly half of global respondents to
Nielsen's Global Health and Wellness Survey
reporting that they consider themselves overweight.
In spite of this statistic, or perhaps because of it,
consumers are becoming motivated to embrace
foods, like rice, that promote good health and
combat disease. The "clean eating" craze has
resonated with consumers and they are willing to pay
top dollar for these important health attributes.
The Global Health and Wellness Survey also revealed that consumers are looking
for practical foods that fulfill their nutritional needs. According to the study, more
than 30 percent of participants want foods that are high in protein, contain whole
grains, or are fortified with vitamins or minerals. U.S.-grown rice easily meets
these criteria as it is nutrient dense and contributes more than 15 vitamins and
minerals including folate, iron, and zinc.
"There is a tremendous opportunity for food manufacturers and retailers to lead a
healthy movement by providing the products and services that consumers want
and need," said Susan Dunn, executive vice president, Global Professional
Services, Nielsen. "While diet fads come and go over time, innovative, back-tobasics foods that taste good, are easy to prepare, and provide healthful benefits
will have staying power."The U.S. rice industry agrees.
"Healthy rice bowls are fast, easy, delicious, and budget-friendly, and we think
here to stay," said Zaunbrecher. "You start with U.S.-grown rice and add other
nutritious foods such as vegetables, poultry, lean beef, seafood, and beans. It's a
win-win situation."
Contact: Colleen Klemczewski (703) 236-1446

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