Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com
News and R&D Section mujajhid.riceplus@gmail.com Cell # 92...
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11th march,2014 daily global rice e newsletter by riceplus magazine

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Daily Rice Global Rice e-Newsletter shared by Riceplus Magazine
Riceplus Magazine shares daily International RICE News for global Rice Community. We publish daily two newsletters namely Global Rice News & ORYZA EXCLUSIVE News for readers .You can share any development news with us for Global readers.
Dear all guests/Commentators/Researchers/Experts ,You are humbly requested to share One/Two pages write up with Riceplus Magazine .
For more information visit (www.ricepluss.com + http://publishpk.net/index.php/riceplus).
Share /contribute your rice and agriculture related research write up with Riceplus Magazine to riceplus@irp.edu.pk , mujahid.riceplus@gmail.com
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11th march,2014 daily global rice e newsletter by riceplus magazine

  1. 1. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874 11th March , 2014 Share developments in RICE and allied sectors, Promote the Concept of Knowledge Economy Dear Sir/Madam, YOUR IDEA has a great worth---JUST share it through RICE PLUS
  2. 2. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874 10000+ stakeholders of rice industry read & apply various ideas and analysis written by the authors. 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…  Philippines hosts 8th international rice-duck confab  Arkansas rice update – May 9, 2013  More medium-grain rice in Delta because of West water shortage?  Philippines to Delay Rice Self-Sufficiency Goal  NFA may import 800,000MT rice  February rice stocks lowest in four months  Delta rice yields highest in a decade  Commerce Min to auction off more rice  Kerala paddy farmers expect a bonanza  Philippines Prepares for First Rice Harvest Since Haiyan  Rice prices fall, coconut on rise in Kochi  Philippines Feb rice stocks hit lowest in 4 mths, more imports likely  Private sector snags 50,000-tonne rice deal with Haiti  34 parties bidding in latest rice auctio  Farmers paid after BAAC 'rice dump'  Oryza Afternoon Recap – Chicago Rough Rice Futures Rally, but Settle off of Session High and Below Nearby Technical resistance; Wheat Rockets Nearly 3%
  3. 3. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874 NEWS DETAILS: Philippines hosts 8th international rice-duck confab Tuesday, March 11, 2014 BUTUAN CITY -- The Philippines is currently hosting the four-day 8th International Rice-Duck Conference at the Almont Hotel's Inland Resort here.The conference will be a gathering of integrated rice-duck farming system (IRDFS) experts and practitioners and development investors from all over Asia, to share and exchange knowledge and innovations that highlight IRDFS as a climate-smart agriculture system and a social enterprise business model for rural economic expansion and inclusive growth.Among the distinguished guests is Dr. Takao Furono of Japan who is the founder of the IRDES network in Asia.Accordingly, Dr. Furono's first visit to Mindanao was back in 1997 and his last visit was seven years ago in 2007. He looks forward to learning about the many innovations in IRDFS that have happened in the country since.During the last five years, the Integrated Rice-Duck Farming System or IRDFS experience in the Philippines, as championed by the Philippine Agrarian Reform Foundation for National Development (PARFUND), has increased rice productivity up to 9 tons per hectare, while reducing the cost of production by 30 percent.The average is only 4.2 tons per hectare using the conventional rice farming technologies.In addition, IRDFS farmers gain extra income from the sale of duck meat and duck eggs, whether raw or processed into salted egg or ―balut‖ a local delicacy that is in a very high demand.In the medium to long-term, the adoption of IRDFS will contribute to the improving the quality of life of farmers, as evidenced by increased savings and income, better family nutrition (chemical-free rice, duck meat and duck eggs), and a healthier lifestyle brought about by less exposure to harmful chemicals.Among the provinces that are adopting IRDFS as their strategy for increasing rice production in a sustainable manner are the provinces of Agusan del Sur and Zamboanga del Sur. Governor Adolph Edward Plaza of Agusan del Sur shall be sharing his ideas on making agriculture governance work at the provincial level, while Zamboanga del Sur Governor Antonio Cerilles will be providing a provincial outlook on IRDFS as adopted by the province of Agusan del Sur.Butuan City Mayor Ferdinand M. Amante, Jr. shall welcome the participants, while Rep. Valentina Plaza of the 1st District of Agusan del Sur will grace the conference to share her congressional policy initiative on IRDFS.The participants will also get the chance to visit a 2,500-head capacity duck breeder farm and a modern hatchery, as well as interact with the IRDFS farmers and champions, including Mayor Deo Manpatilan Jr. of Esperanza, Agusan del Sur during an exposure visit to a large-scale rice-duck farm in the said LGU.The 8th International Rice-Duck Conference is organized by PARFUND with funding support from the Peace and Equity Foundation (PEF) and the Interchurch Organization for Development Cooepration (ICOO) and in partnership with the Department of Agriculture Regional Field Unit XIII. (PNA)
  4. 4. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874 Arkansas rice update – May 9, 2013 BY JARROD HARDKE, RICE EXTENSION AGRONOMIST, ON MAY 9TH, 2013 May 9, 2013 No. 2013-7 Dr. Jarrod Hardke and Dr. Bob Scott Planting Forecast A week (mostly) without significant rain chances? I believe that qualifies as a drought these days. The getting is still good for rice, so it’s time to make tracks if you can. The current forecast is for rain on Friday, with models shifting from light accumulation (less than ½ inch) to now showing ½ to 1 ¼ inches with up to 2 inches in some locations. Next week’s forecast is nothing but warm and sunny though, so plan accordingly. This week’s USDA progress estimate came in at 48% of rice acres planted, but we should be able to make a big push over the next two weeks given the forecast. I have received several questions about yield predictions for this year based on the table I provided last week showing yearly planting progress compared to eventual state yield. I did compare this year’s planting progress to that of 2011 when we had a state average yield of 150 bu/A, which paled in comparison to last year’s record of 166 bu/A. However, I believe the comparison between 2011 and 2013 stops at the planting progress figure.In 2011 we accumulated 570 DD units from March 16 to April 30 compared to 336 over the same period in 2013. Over the past thirty years the DD50 units we accumulate across the entire growing season are surprisingly consistent.Looking at Table 1, you’ll find that from March 16 to July 15 over the past 30 years, our DD50 unit accumulation has ranged from 2,004 units to 2,820 units. The most interesting part of that is that the low occurred 30 years ago and the high occurred last year – interesting stuff. However, the average is 2,400 DD50 units and you can see that we remain surprisingly close to that on an annual basis. That tells me that our lack of heat units so far suggests they are yet to come during the season. So our rice may not actually be as far behind as the calendar might lead you to believe. There are still a lot of heat units waiting out there to make a good rice crop. Table 1. DD50 units accumulated from March 16 to July 15 each year. Year DD50 units Year DD50 units 1983 2,004 1998 2,693 1984 2,280 1999 2,487 1985 2,442 2000 2,725 1986 2,541 2001 2,496 1987 2,543 2002 2,456 1988 2,358 2003 2,400 1989 2,254 2004 2,432 1990 2,203 2005 2,384 1991 2,653 2006 2,537 1992 2,253 2007 2,577
  5. 5. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874 1993 2,240 2008 2,385 1994 2,459 2009 2,389 1995 2,447 2010 2,695 1996 2,398 2011 2,577 1997 2,160 2012 2,820 Picture 1. Time to get this train moving. Water-seeded Rice I’ve been hearing more talk of people water-seeding rice, especially on heavy soil that growers cannot seem to get dry enough to drill. While not our ―go-to‖ way of doing things, it works if you do it the right way. If you are going to attempt to water-seed fields where you originally planned to drill-seed, remember to take extra care when going this route. There is a difference between water-seeding fields that have been prepared for it from the beginning and those fields where you’re forced into it at the last minute. The success of water-seeded rice is greatly affected by soil surface conditions and flood depth, not to mention the wind and weather conditions, at the time it is seeded. A few recommendations on seeding rate if you choose to water-seed rice:  Increase seeding rate by 30% over rate recommended for drill-seeded rice.  Tillage considerations: o No-till: increase additional 20%. o Conventional tillage: increase additional 20% if poor seedbed preparation (ungrooved). No increase if good seedbed preparation (grooved).  Increase additional 10% if planting late (after June 1). For more information on seeding rate recommendations, please see the 2013 RICESEED Update: http://www.arkansas-crops.com/wp-content/uploads/2013/05/Riceseed-Update-2013.pdf 2,4-D on Rice Levees This Friday the Arkansas State Plant Board has taken action to help growers in the 10 counties (Clay, Cross, Greene, Crittenden, Poinsett, Mississippi, St. Francis, Lee, Phillips, and Craighead) affected by the April 15th ban on 2,4-D by easing restrictions on the use of 2,4-D to control weeds on RICE LEVEES ONLY! This easing of the restrictions are on
  6. 6. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874 levees only – all other restrictions on 2,4-D still apply. However, no permit is required and there is no cut-off date for levee applications. This will help farmers in these areas specifically with pigweed control but will also make levee weed control more economical in general. Do not infringe on the other restrictions in place for 2,4-D. don’t forget that although levee applications are allowed, you must still adhere to restrictions regarding distances and wind to sensitive species that were in place in addition to the overall ban. This ban has been successful in reducing the occurrence of drift of 2,4-D to cotton. If these changes result in abuse of the system, they could be put back into place in 2014. For more information please visit the Arkansas State Plant Board website. Use of Rice Seed Patented by the University of Arkansas Several people have inquired about the patents that exist for University varieties such as Roy J and what the patents mean for growers. All rice varieties recently released by the UA Division of Agriculture are protected by plant variety protection certificates and utility patents. Growers have permission to save harvested seed for planting on land that they own, rent, or lease. However, harvested seed cannot be sold or transferred to anyone else for planting. All seed that is sold for planting must be sold by variety name and it must be produced per Arkansas State Plant Board seed certification regulations. This is required so as to protect the integrity of the varieties, the breeding program, and the Division. Further Update on Treated Rice Seed CruiserMaxx Rice label: DO NOT use in water-seeded rice. DO NOT broadcast by air. NipsIt INSIDE label: Dry seed only. Aerial broadcast is not prohibited but seed must be covered with soil. Dermacor X-100 label: Dry seed only. Aerial broadcast is not prohibited, but you MUST incorporate seed into the soil. Apron XL label: Aerial broadcast and water-seeding not prohibited. Maxim 4FS label:
  7. 7. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874 Aerial broadcast and water-seeding not prohibited. Dynasty label: Aerial broadcast and water-seeding not prohibited. Release label: Water-seeding not allowed. Aerial broadcast is not prohibited. Please remember to carefully read all labels and follow all applicable directions, restrictions, and precautions listed there. Pest Alert: Aphids in Rice There have been reports of aphid infestations showing up in seedling rice this year. For more information, please see the article written by Dr. Gus Lorenz posted to the Arkansas Row Crops blog here: http://www.arkansas- crops.com/2013/05/03/pest-alert-aphids-showing-up-in-arkansas-rice-fields/. Picture 2. A lot going on in central AR. Cold, Wet Weather Optimal for Herbicide Injury in Rice Dr. Bob Scott provides some guidance on herbicide injury in rice due to our recent weather conditions. For more information, please see his article posted to the Arkansas Row Crops blog here: http://www.arkansas-crops.com/2013/05/03/cold-wet-weather-optimal-for-herbicide-injury-in-rice/. Additional Information Arkansas Rice Updates are published periodically to provide timely information and recommendations for rice production in Arkansas. If you would like to be added to this email list, please send your request to jhardke@uaex.edu.
  8. 8. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874 This information will also be posted to the Arkansas Row Crops where additional information from Extension specialists can be found. Please visit the blog at http://www.arkansas-crops.com/ Acknowledgements We sincerely appreciate the support provided by the Arkansas Rice Research and Promotion Board for this publication. The authors greatly appreciate the feedback and contributions of all growers, county agents, consultants, and rice industry stakeholders. More medium-grain rice in Delta because of West water shortage? Mar 10, 2014Elton Robinson | Delta Farm Press With water concerns in the Far West, could Delta farmers be planting more medium-grain rice this year? Higher medium grain rice prices due to drought and lack of irrigation water in California’s Sacramento Valley could push medium grain acres higher in the Delta this season, says USDA. Here’s more: Rice Reduced prospects for 2014-15 medium- and short-grain production in the Sacramento Valley of California due to drought and reduced irrigation supplies have significantly raised medium grain prices in California, said USDA in its March 10 World Agricultural Supply and Demand Estimates.Additionally, old-crop supplies of medium-grain rice in California are drawing down thus tightening the current supply situation. Australia’s drought is also increasing medium-grain prices as Australia is a primary U.S. export competitor.Meanwhile, USDA says long-grain rice prices have strengthened as producers in the Delta in 2014 are expected to increase plantings of medium-grain rice and plant less long-grain area, according to trade reports, due to an advantageous price differential between the two rice classes. However, there are reports that supplies of southern medium-grain rice seed are fairly tight which could restrict this expansion.USDA also forecast rice imports 1 million hundredweight higher for 2013-14, to 22 million hundredweight, all in medium- and short-grain rice. The rice export forecast was unchanged at 100 million hundredweight, however 1 million hundredweight was shifted from rough rice to the milled- and brown-rice export category.U.S. rice ending stocks for 2013-14 were projected at 28.3 million hundredweight, up 1 million from a month ago, all in medium- and short-grain rice. Long-grain rice ending stocks were projected at 16.3 million hundredweight, the lowest stocks since 2003-04.The forecast for global 2013-14 rice consumption was raised 700,000 tons to a record 474 million tons. World 2013-14 rice trade was raised slightly. Global 2013-14 ending stocks are projected at 111.7 million tons, up 6.7 million from a month ago, and up 700,000 tons from 2012-13.
  9. 9. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874 Soybeans U.S. soybean exports for 2013-14 were raised 20 million bushels to a record 1.53 billion reflecting continued strong sales and shipments through February. Soybean stocks are projected at 145 million bushels, down 5 million from last month.Brazil soybean production is projected at 88.5 million tons, down 1.5 million tons mainly reflecting hot, dry weather in the south when much of the crop was in the flowering and filling stages. Soybean production was also reduced for Paraguay due to the extended period of hot, dry weather. Cotton The cotton export forecast was raised to 10.7 million bales based on strong activity in recent weeks. Ending stocks were reduced to 2.8 million bales, resulting in a stocks-to-use ratio of 20 percent. World ending stocks are now forecast at 96.8 million bales. Wheat There are no changes to the 2013-14 U.S. all wheat supply and use projections this month. A 15-million-bushel increase in projected hard red spring wheat exports was offset by a decrease for soft red winter wheat. Global 2013-14 wheat supplies were raised slightly with an 800,000 ton increase in world production. European Union exports were raised 1.5 million tons. Corn U.S. corn exports are projected 25 million bushels higher on stronger world imports and the rising pace of shipments in recent weeks. Projected corn ending stocks were lowered 25 million bushels. Philippines to Delay Rice Self-Sufficiency Goal Looks to Import 800,000 Tons of Rice to Keep Already High Prices From Soaring By CRIS LARANO March 11, 2014 9:18 a.m. ET MANILA—The Philippines is delaying for a year its goal of producing enough rice to meet domestic needs after a typhoon and storm reduced rice harvests.President Benigno Aquino III set a goal of the country becoming self-sufficient in the staple grain by 2015. The program is intended to help local rice farmers and
  10. 10. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874 protect the country from global price shocks.The country's economic managers want to import 800,000 tons of rice to keep rice prices—which are already higher than in the global market—from soaring, Agriculture Undersecretary Dante de Lima told The Wall Street Journal on Tuesday. Mr. de Lima heads the rice self- sufficiency program.Authorities fear that a further increase in rice prices could lead to a jump in inflation, as happened during a rice shortage in 1995.Mr. de Lima said domestic production is expected to reach 98% sufficiency at 19.06 million tons of unmilled rice this year. But economic managers are demanding the increase in rice imports because they want an additional 90-day buffer to try to ensure rice prices are stable to keep inflation in check.The Philippines had already decided on an emergency importation of 500,000 tons of rice shortly after Typhoon Haiyan ravaged the central Philippines and weeks after another storm, Nari, damaged rice crops in the main island of Luzon. Haiyan and Nari reduced production of unmilled rice by a half-million tons.The United Nations Food and Agriculture Organization estimates the Southeast Asian nation will import as much as 1.2 million tons of the grain this year after importing as much as 2.8 million in 2008 and 1 million last year."Buffer stocks," stored rice to help the country through hard times, are down because of the reduced rice production and increased withdrawal of rice from warehouses of the state-owned National Food Authority to support disaster-relief efforts. Ideally, such stocks should be kept at levels that could cover three months of consumption. Mr. de Lima said the 800,000 tons will add to the 200,000 tons of rice that form part of last year's emergency imports that have yet to arrive in the Philippines.Before 2013, the government only allowed 350,000 tons of imports under the World Trade Organization's minimum access value, where a 40% duty is levied on imported rice. Outside the MAV program, imported rice is levied a 50% tariff.The National Food Authority has yet to make an official announcement for this year's importation, including the terms of the tender.Mr. de Lima said the imported rice should arrive in the Philippines before the lean months that begin in July.Last week, Agriculture Secretary Proceso Alcala said that any importation this year will be done under a government-to- government deal. Vietnam won the bidding in November to supply the Philippines 500,000 tons of rice, beating out Thailand. Write to Cris Larano at cris.larano@wsj.com NFA may import 800,000MT rice By Czeriza Valencia (The Philippine Star) | Updated March 12, 2014 - 12:00am
  11. 11. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874 MANILA, Philippines - The Philippines is inclined to import around 800,000 metric tons (MT) of rice this year for buffer stocking during the lean season.Agriculture undersecretary Dante Delima said an agreement has been reached within the National Food Authority Council (NFA) for the importation of such volume.―The economic managers see it crucial that the volume should be imported to help stabilize prices,‖ said Delima.The NFA, however, has yet to make a formal announcement on the mode of procurement.Agriculture Secretary Proceso Alcala recently said any procurement this year under the omnibus minimum access volume (MAV) would be done under government-to-government procurement.Only three countries presently have procurement agreements with the Philippines. These are Cambodia, Thailand and Vietnam. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The imported volume is programmed for delivery before the traditional lean season of July to September.The NFA earlier opened to the private sector the application for the importation of 163,000 MT under the MAV country-specific-quota.Under this allocation, rice may only be imported from the following source countries with the respective allocations: Thailand (98,000 MT), India (25,000 MT), China (25,000 MT) and Australia (15,000 MT).Alcala said that the government is now evaluating its production target for attaining rice self sufficiency after a series of strong typhoons dented the country’s self-sufficiency target.―Self sufficiency is determined at the end of the year but for now we have to address the demand during the lean months,‖ he said.Alcala stressed that the country would not import more than what is necessary. February rice stocks lowest in four months OVERALL RICE stocks in the Philippines fell to their lowest in four months in February, data showed yesterday, increasing pressure on Manila to import more of the national staple. The country has been expected to ship in more rice to boost supply as it battles local prices that have risen for seven straight weeks, with speculation rife on the timing and size of any tender.But the National Food Authority (NFA), the Philippines’ grains procurement agency, said it had yet to finalize import plans.Purchases by the Philippines, one of the world’s biggest rice buyers, could support falling prices elsewhere in Asia, with both Vietnam and Thailand likely to bid aggressively for any new deal.Inventory in the Philippines fell 5.7% to 2.0 million tons as of Feb. 1, good for 59 days of national usage, from 2.12 million tons at the start of the year, the Bureau of Agricultural Statistics (BAS) said in a report.The NFA’s stockpile rose 67.1% to 460,000 tons,
  12. 12. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874 however, thanks to the partial delivery of rice purchased in November from Vietnam. But that was good for only 14 days of consumption, below the mandatory 15 day-minimum. While bumper harvests in other countries have stoked a global rice glut, prices in the Philippines have climbed around 4% in the last few months after super typhoon Haiyan devastated key growing regions and as the government clamps down on smugglers looking to avoid hefty taxes.Stocks in commercial warehouses fell 18.7% and those in households dropped 15.6%, the data showed.The average retail price of well-milled rice rose 0.64% from a week ago to P40.63 per kilogram as of March 4, the BAS said in a separate report.Vietnam’s official Tuoi Tre (Youth) newspaper yesterday quoted the Vietnam Food Association as saying that the Philippines was gearing up to issue a tender to buy 800,000 tons of rice. But Manila has yet to confirm any purchases beyond the 500,000 tons it bought from Vietnam in a government- to-government deal in November."There is a lot of speculation but we haven’t really finalized anything at the moment," said Dennis Arpia, a senior executive assistant at the NFA."But we have a mandate to boost and maintain a healthy buffer stock."The NFA is mandated to maintain a 30-day buffer stock during the lean growing season from July to September, double the level required at other times.The NFA can buy rice from Vietnam, Thailand or Cambodia -- the only three countries with which it has government-to-government supply agreements.An NFA spokesman last week confirmed media reports that Manila has since late January doubled the amount of rice it has been releasing into domestic markets from stockpiles most days. The move is aimed at curbing price gains.Meanwhile, Vietnam, the world’s number two exporter of the grain after India, has lowered its price floor for exports of low-grade rice for the second time in a month to attract buyers amid the global supply glut. -- Reuters Delta rice yields highest in a decade VietNamNet Bridge – Rice yields for the 2013-14 crop in the Cuu Long (Mekong) Delta have reached the highest level in a decade. Winter-spring rice is harvested in the southern province of Hau Giang. Rice yields for the 2013-14 crop in the Mekong Delta have reached the highest level in a decade.With the peak harvest season about to begin, rice fields have yielded about 1 tonne per hectare higher than last year's winter- spring crop.The Ministry of Agriculture and Rural Development's Plant Cultivation Department expects that the delta will have an average yield of 6.5 tonnes per ha for the winter-spring crop.However, farmers have been harvesting an average yield of 6.5 -7.5 tonnes per hectare.In some areas, including in Vinh Long Province's Tam Binh
  13. 13. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874 District, Tien Giang Province's Cai Be District and Dong Thap Province's Thap Muoi District, farmers have seen yields of up to 9-10 tonnes per hectare. Besides high yields, farmers have also received good prices, earning high profits.Farmer Pham Van Bang in Dong Thap Province's Cao Lanh District, who has earned a profit of more than VND300 million from 12ha of rice, said the price of rice had been unstable over the past two years but had increased this year.Pham Van Cong, who has harvested 4ha of rice in Hau Giang Province's Chau Thanh A District, said farmers were confident prices would remain stable as traders were giving deposits to farmers to buy rice in advance.The delta's provinces and Can Tho have harvested nearly half of their winter-spring rice crop areas, according to local departments of agriculture and rural development. The delta, which planted 1.6 million hectares in the winter-spring rice crop, is scheduled to complete harvesting the crop in early May.Like several other provinces in the delta, Dong Thap has harvested the winter-spring rice crop early, and has completed 50 per cent of the winter-spring rice area.Dong Thap is expected to complete harvesting nearly all of its crops by the end of this month, according to the province's Department of Agriculture and Rural Development.Although Dong Thap has been harvesting at a rate of about 40 per cent slower than last year, this year's winger-spring crop has had less rice diseases, high yields and good prices, said the province's Sub-department of Plant Protection. High-quality rice In this winter-spring rice crop, Dong Thap farmers have switched from growing IR 50404, which has high yield and low quality, to more high-quality rice varieties.The areas of rice variety IR50404 in Dong Thap's southern districts have fallen to 40 per cent of the districts' total rice area compared to 90 per cent last year, according to the provincial Agriculture Extension Centre. Nguyen Thanh Huong, the centre's director, said farmers were now more aware that they needed to plant high- quality rice for export.For this winter-spring crop, the delta's provinces and Can Tho have developed more large-scale rice fields that grow high-quality rice for export.Large-rice fields in Dong Thap cover 80,000ha this year, compared to 2,400ha in 2008. In An Giang Province, the area of large-scale rice fields is 16,000ha.Many farmers in An Giang have taken part in production models like large-scale rice fields, in which farmers contract with export companies to grow high- quality rice.By doing so, production costs have fallen by 10-20 per cent compared to traditional rice cultivation, according to Doan Ngoc Pha, deputy director of the An Giang Department of Agriculture and Rural Development.Farmers are able to sell their rice to these export companies at prices that are VND100-200 per kilo higher than the market price. Source: VNS Commerce Min to auction off more rice Tuesday, 11 March 2014By NNT
  14. 14. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874 BANGKOK, 10 March 2014 The Ministry of Commerce is set to auction over 500,000 tons of pledged rice today in a bid to secure funds to pay back farmers in the rice-pledging scheme. Interested exporters and businesses are invited to participate in the bidding which will be held between 9AM and 4.30PM today.The rice stock will include 5 percent white rice and 100 percent jasmine rice.The ministry earlier said that it plans to auction off more than one million tons of milled rice this month. The one million plus tons target includes over 516,000 tons of rice to be auctioned off through the Agricultural Futures Exchange of Thailand.Networks of farmers from rice-growing provinces meanwhile continue to stay put at the ministry compound. The number of protesters began to drop recently as many needed to return home for the annual planting season.Rice growers will re-group again on March 12 and will hold discussions on their next move against the government. Kerala paddy farmers expect a bonanza Kerala State Civil Supplies Corporation procures more than 70,000 tonnes Farmers in Palakkad, Alappuzha and Thrissur have pleasantly been surprised by what looks like a bumper paddy crop this season, but some of them, specially those in Palakkad, may not be able to reap the full benefits of the high price for paddy being offered by the Kerala State Civil Supplies Corporation (Supplyco) which has put a quantity- per-hectare ceiling on procurement.Farmers in Palakkad, who took to machine planting, have reported yields of about nine tonnes a hectare. However, Supplyco ceiling for procurement at Rs.19 a kg is 5.5 tonnes a hectare. But a Supplyco official said that farmers in Palakkad would be able to sell their entire harvest provided they produced a certificate of production from their respective agricultural officers.The official said that the ceiling had been imposed to prevent cheaper paddy from neighbouring States like Tamil Nadu being sold to the corporation. Supplyco offers the highest procurement price for paddy in the country, the official claimed. The high procurement price has made it attractive for unscrupulous elements to smuggle in paddy and sell it for a profit, passing the consignments as local produce. Though small farmers would not be able to engage in such operations, agents have been found indulging in it. Paddy sells between Rs.15 and Rs.16 a kg in the open market in Kerala. Kole area
  15. 15. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874 Farmers in Thrissur’s Kol areas have also reported higher than normal yields this season. Most of Kuttanad is expecting better yields this season despite the unusually dry conditions in December and January. Reports from the area, where harvesting is about a week old, said the yield is in the vicinity of 7.5 tonnes a hectare.The Supplyco procurement ceiling is 7.5 tonnes a hectare in Kuttanad and eight tonnes a hectare for Thrissur Kol.The high procurement price has made farmers rush to Supplyco. The corporation has procured more than 70,000 tonnes of paddy this season and about 30,000 tonnes of this is from Palakkad. Procurement in Alappuzha is more than 5,000 tonnes and in Thrissur it is more than 20,000 tonnes. Procurement in Kottyam district has gone up to more than 12,000 tonnes. Central to this season’s bumper crop is the Uma variety of paddy, developed by the Mankombu rice research station of Kerala Agricultural University and released in 1998.A senior scientist at the Rice Research Station told The Hindu on Sunday that researchers were yet to develop a variety that would out-yield Uma. The variety was developed with the specific conditions in Kuttanad in mind, where excessive acidity and pest attacks are major problems.The scientist said that yields have been up to eight tonnes a hectare during some of the past seasons and this year the crop has been bit of a surprise because the climatic conditions appeared to be adverse given that there were no rains in November-December. Occasional rain during these months helps wash out the excessive acidity in the soil. Keywords: Kerala paddy farmers, paddy procurement price, Kerala paddy bonanza, Supplyco, Kerala State Civil Supplies Corporation Philippines Prepares for First Rice Harvest Since Haiyan Simone Orendain March 11, 2014 BASEY, SAMAR PROVINCE, PHILIPPINES — Some farmers in the central Philippines are preparing for their first rice harvest since last November’s powerful super typhoon swept away their fields and homes, and killed more than 6,200 people.Florencio de la Cruz said he had harvested six tons of rice less than two weeks before super typhoon Haiyan’s howling winds blew off his storehouse roof and brought soaking rain. The sun helped dry some of the harvest and he was able to
  16. 16. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874 recover a little. Then late last year de la Cruz received rice seeds from the United Nations’ Food and Agriculture Organization. The organization helped start the planting season in this part of the country where more than two thirds of the population lives in poverty.De la Cruz said, nothing would have happened without the seed program because they lost all their crops and even their house.De la Cruz expects to reap the new crop on March 28. He has been farming rice on a one-hectare patch of land for more than 50 years. His family is among the 44,000 that the Food and Agriculture Organization says has so far been helped by the seed program.Late last year officials said 63,000 hectares of rice had to be replanted after Haiyan struck.Philippine officials said the FAO contributed 52 percent of the required seeds, while the international community added another 28 percent and the rest came from the government. They said after typhoon Bopha struck the southern Philippines in 2012, the government’s seed stock was depleted.On Monday FAO Director General Graziano da Silva inspected the seed program in Basey municipality where de la Cruz lives. He said the farmers are receiving ―certified quality‖ seeds, which should bring greater yields than what they have now. But he said the first batch of seeds was rushed out in less than ideal conditions. ―Remember the typhoon came exactly in the moment that was close in the time for another planting and we needed to do it in a week, two weeks and we did it. The most import is the result would be zero if we did not provide those,‖ he said.Da Silva said under the circumstances the response from the international community and other agencies in the Philippines was one of the quickest he has seen.He said the next step is to make sure the farmers get a fair price for their rice crops, and that this would spur them to plant even more. Agencies are also trying to recover the 33 million coconut trees that they say the typhoon obliterated. Philippine Agriculture Department officials said on Thursday a massive coconut clearing operation will get underway throughout the typhoon stricken region. The goal is get the trees replanted, which will then need at least four years to mature and bear fruit. In the meantime, they plan to help coconut farmers plant fast- growing crops like cassava and white corn.Image: A National Food Authority (NFA) worker makes an inventory of rice stocks at a government rice warehouse in Taguig, Metro Manila, March 11, 2014. Rice prices fall, coconut on rise in Kochi File Photo: The price of red matta variety, ruling steady for a month, is selling at Rs. 32.93 a kg. However, the price of the variety had fallen nearly 10 per cent during the period between March 2013 and now. File PhotoCoconut oil price has shot up nearly 84 per cent from last March level of Rs. 83.57 a kg to Rs. 131.64 a kg in March this year
  17. 17. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874 Aided largely by a good winter harvest, rice prices across the spectrum of varieties are seen easing though the Andhra White is ruling firm.Numbers from the Economics and Statistics Department showed that the red matta variety, ruling steady for a month, was selling at Rs. 32.93 a kg. However, the price of the variety had fallen nearly 10 per cent during the period between March 2013 and now. Similarly, the price of local red variety had fallen more than seven per cent over the last one year from Rs. 35.89 a kg to Rs. 33.22 per kg.The prices of chamba, punja and other varieties too have fallen, the only exception being the red punja, the price of which had appreciated 3.13 per cent over the last one year.However, the white varieties have created a different trend during the last one year. The price of Andhra White variety appreciated 4.89 per cent over the last one year, selling at Rs. 31.77 a kg against last year’s level of Rs. 30.29 a kg. The price of Palakkadan Jaya White too had appreciated more than 11 per cent from Rs. 30.63 a kg in March last year to Rs. 34.13 a kg during the current month.Coconut oil price has shot up nearly 84 per cent from last March level of Rs. 83.57 a kg to Rs. 131.64 a kg in March this year. On the other hand, branded groundnut oil price has dropped nearly 10 per cent during the year period.The price of coconut oil has moved in tandem with raw husked coconut price, which has gone up nearly 86 per cent from Rs. 93.57 for ten pieces to Rs. 173.93 for 10 pieces. Keywords: rice prices, coconut prices, Andhra White variety, Kochi rice prices Philippines Feb rice stocks hit lowest in 4 mths, more imports likely Mon Mar 10, 2014 5:30am EDT By Erik dela Cruz MANILA, March 10 (Reuters) - Overall rice stocks in the Philippines fell to their lowest in four months in February, data showed on Monday, increasing pressure on Manila to import more of the national staple.The country has been expected to ship in more rice to boost supply as it battles local prices that have risen for seven straight weeks, with speculation rife on the timing and size of any tender.But the National Food Authority (NFA), the Philippines' grains procurement agency, said on Monday it had yet to finalise import plans.Purchases by the Philippines, one of the world's biggest buyers of the grain, could support falling rice prices elsewhere in Asia, with both Vietnam and Thailand likely to bid aggressively for any new deal. Inventory in the Philippines fell 5.7 percent to 2.0 million tonnes as of Feb. 1, good for 59 days of national usage, from 2.12 million tonnes at the start of the year, the Bureau of Agricultural Statistics (BAS) said in a report.The NFA's stockpile rose 67.1 percent to 460,000 tonnes, however, thanks to the partial delivery of rice purchased in
  18. 18. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874 November from Vietnam. But that was good for only 14 days of consumption, below the mandatory 15 day- minimum.While bumper harvests in other countries have stoked a global rice glut, prices in the Philippines have climbed around 4 percent in the last few months after Typhoon Haiyan devastated key growing regions and as the government clamps down on smugglers looking to avoid hefty taxes.Stocks in commercial warehouses fell 18.7 percent and those in households dropped 15.6 percent, the data showed.The average retail price of well-milled rice rose 0.64 percent from a week ago to 40.63 pesos ($0.92) per kilogram as of March 4, BAS said in a separate report. COMING SOON? Vietnam's official Tuoi Tre (Youth) newspaper on Monday quoted the Vietnam Food Association as saying the Philippines is gearing up to issue a tender to buy 800,000 tonnes of rice.But Manila has yet to confirm any purchases beyond 500,000 tonnes it bought from Vietnam in a government-to-government deal in November."There is a lot of speculation but we haven't really finalised anything at the moment," said Dennis Arpia, a senior executive assistant at the NFA."But we have a mandate to boost and maintain a healthy buffer stock. "The NFA is mandated to maintain a 30-day buffer stock during the lean growing season from July to September, double the level required at other times.The NFA can buy rice from Vietnam, Thailand or Cambodia - the only three countries with which it has government-to-government supply agreements.An NFA spokesman last week confirmed media reports that Manila has since late January doubled the amount of rice it has been releasing into markets from stockpiles most days, looking to curb price gains.Meanwhile, Vietnam, the world's No. 2 exporter of the grain after India, has lowered its price floor for exports of low-grade rice for the second time in a month to attract buyers amid the global supply glut. (Additional reporting by Ho Binh Minh in Hanoi; Editing by Joseph Radford) Private sectorsnags 50,000-tonne rice deal with Haiti gov’t looks to cinch similar pact MARCH 11, 2014 · BY STAFF WRITER · 66 COMMENTS NEXT ARTICLE » Guyana has finalised a 50,000 tonnes rice export deal with Haiti through the private sector and the first shipment is being loaded along the Essequibo Coast this week.Meanwhile, with a large amount of rice on hand from bumper harvests, government is trying to sew up another 50,000 tonnes deal with Haiti through the public sector along with a small market in Belize, while aiming elsewhere.At a press conference held by the People’s
  19. 19. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874 Progressive Party yesterday General Secretary Clement Rohee stated that Guyana was close to finalising a 100,000 tonnes rice export deal with Haiti. Deputy Manager of the Guyana Rice Development Board (GRDB), Ricky Ramraj, told Stabroek News that the Haiti deal was done through the private sector with SAJ Rice Mill at Burma, Mahaicony, acting as a subcontractor for other millers.It will allow for weekly shipments of 1,200 tonnes to 1,500 tonnes of rice to Haiti. Smaller millers will collaborate to supply SAJ with the amount necessary to meet the weekly shipment quotas.Ramraj stated that a representative from Haiti will arrive in Guyana tomorrow to oversee the process and to continue discussions with the government.The GRDB has been thrust into the responsibility of marketing Guyana’s rice overseas, according to the General Secretary of the Rice Producers Association (RPA) Dharamkumar Seeraj.Seeraj told Stabroek News that GRDB General Manager Jagnarine Singh was recently in Belize to work out a rice export arrangement between the two nations to assist with the movement of over 100,000 tonnes of rice currently on hand in Guyana.He said that with the excess stock on hand and the slumping global market prices, farmers will most likely have to settle for lower paddy prices in 2014. The amount on hand was left after the major Venezuelan market quota was filled.He said that in the continued efforts to find additional markets to export Guyana’s rice, the GRDB has had to take on that responsibility. He said there was a lack of organized rice farmer and miller associations throughout Guyana that could take on this responsibility. Seeraj was speaking on behalf of the RPA which is the premier representative of farmers in the industry.Singh said it was his opinion that ―Belize is likely to be a small market for us…Belize is a rice producing nation but whatever their need, whatever their shortfall will be depends on their level of production. Our indication is that 3,000 to 5,000 tonnes will be the market… ‖Seeraj denied reports that Guyana was hoping to establish a 5,000-tonne-a-month deal with Belize stating that right now any arrangements were dependent on Belize’s capacities. He said that Guyana has been able to ship over 20,000 tonnes of rice that was left over from 2013, which saw rice production at an all-time high exceeding 532,000 tonnes, to markets outside of Venezuela.The head of the RPA stated that while exports have gradually been leaving Guyana there were still tonnes of rice that needed to be moved to allow for the influx into the market of paddy from the 2014 first crop.He acknowledged that unfortunately for farmers 2014’s paddy prices are not likely to be set at $4,000 per bag as traditionally expected.Seeraj told Stabroek News that some millers were already pricing paddy at $3,100 to $3,400 per bag.He said the reality of the situation was since Guyana signed on to the Venezuelan rice agreement in 2009 under the PetroCaribe oil deal farmers and millers have gotten used to a high price market.He said that ―Our farmers have become accustomed to the high price market and that obviously has implications.
  20. 20. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874 The reality is your major markets are not going to be our major markets (forever). Our increased production has changed, not the Venezuelan situation.‖ He continued that major markets globally including the rest of the Caribbean and Europe will not be buying rice at high prices and will stick to global prices, which millers have already realised.Globally speaking, Seeraj noted that per tonne of white rice millers can expect to sell at US$515 to US$550; the European market calls for semi milled rice which means that Europe can import globally for less than US$400 per tonne. Seeraj noted that the parboiled packaged rice made the most however this was not Guyana’s sub section of the industry. He said that with just under 100,000 tonnes of rice on hand since February of this year, millers cannot sell to recoup the cost of buying paddy for $4,000 per bag in 2013.He noted that millers were concerned with their profits and as a result that would trickle down to farmers. Guyana’s bumper harvest means that unfortunately the market is saturated which does not give farmers and millers much leeway on prices.Seeraj said that ―the reality is that I am saying, based on the situation, farmers can expect $3,400 to $3,800 per bag of paddy‖. He added that just because that is the recommendation does not mean that millers will not try for lower prices in order to recoup costs from 2013.He acknowledged that while rice was moving, since February to March, Guyana had on hand just under 100,000 tonnes of rice to move. In February, Stabroek News was made to understand that Jamaica may be open to higher rice imports.There has been no confirmation of any ongoing talks from the Agriculture Ministry to suggest this was successful.The bumper rice output was fuelled by the PetroCaribe deal with Venezuela but with a fixed quota of around 200,000 tonnes of rice it means that a lot of excess rice still has to be sold to other markets. Political unrest in Venezuela has also raised concerns about the stability of the Venezuela deal.Rohee said yesterday that Guatemala and Belize were also being courted as potential rice markets. 34 parties bidding in latest rice auctio Published: 11 Mar 2014 at 02.26 Newspaper section: Business A sharp fall in rice prices and flexible conditions have drawn an overwhelming response from interested buyers to the caretaker government's latest rice auction, with 34 bidders taking part.Interested buyers submit proposals to buy rice from the government’s stockpile during a highly active auction yesterday. Kitja Apichonrojarek.The government yesterday put 500,000 tonnes of its stockpiled rice up for bid as part of an effort to raise funds for farmers.At the same time, rice traders submitted their
  21. 21. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874 proposal to buy 517,000 tonnes of 5% white rice, 100% Hom Mali fragrant rice, provincial rice and broken rice.The government's auction is the third held this year. Participants in the bidding were the most numerous since the Yingluck Shinawatra government began selling rice stocks through general auctions, with new traders joining the familiar giants.Manat Kitprasert, president of the Thai Rice Millers Association, attributed the active turnout to the fall in rice prices and a further downward trend."Cheaper rice prices make the government's rice stocks more appealing," he said.Prices for paddy with 15% moisture are now quoted at 7,500-7,800 baht a tonne, while 5% white rice trades at 12,500 baht a tonne.Global prices for new 5% white rice are quoted at US$440 (14,245 baht) a tonne, while those for old grains are $370 a tonne, closer to Vietnamese rates.Since launching the rice pledging scheme in 2011, the government has called for bids 14 times to sell rice stocks through general auctions.The state has sold 3-4 million tonnes through general auctions and 13 million tonnes altogether, raising 173 billion baht.Those proceeds pale next to the 870 billion baht the government spent on the scheme over the past three years.Surasak Riangkrul, director-general of the Foreign Trade Department, said the government is committed to continuing disposal of its rice stocks and plans to call a bid tomorrow to sell 200,000 tonnes via the Agricultural Futures Exchange of Thailand.The government has sold 278,962 tonnes of rice through AFET since last October, raising 3 billion baht. Image:Interested buyers submit proposals to buy rice from the government’s stockpile during a highly active auction yesterday. Kitja Apichonrojarek Farmers paid after BAAC 'rice dump' Published: 11 Mar 2014 at 19.11 Online news: A group of disgruntled rice farmers unloaded more than 20 tonnes of paddy at the headquarters of Bank for Agriculture and Agricultural Cooperative (BAAC) on Tuesday, eliciting an unexpected 192,000 baht payment from the bank.Farmers unloaded their paddy at the Bank for Agriculture and Agricultural Cooperative headquarters on Phahon Yothin Road on Tuesday. The bank later paid them 192,000 baht for the produce. (Photo by Tawatchai Kemgumnerd).The farmers, led by protest monk Luang Pu Buddha Issara, arrived at the bank on Tuesday afternoon. Luang Pu said the farmers all held pledging tickets and wanted the bank to pay them for their produce.Suwat Eiewchai, assistant manager at the BAAC, met the farmers and informed them that the bank had set up three funds to help cash-strapped farmers, currently holding more than 600 million baht. Mr Suwat said the bank would try to distribute the money to farmers who had not yet received payment for pledged grains.
  22. 22. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874 He added that the Foreign Trade Department was speeding up sales of rice stockpiles and would likely deliver one billion baht to the bank in the near future.Mr Suwat then agreed to pay for the rice unloaded outside the BAAC at a rate of 8,000 baht a tonne, meaning that the farmers were given 192,000 baht for the 24 tonnes of paddy transported to the bank's HQ on two 10-wheel trucks.Prior to coming to the bank, Luang Pu led farmers to the Department of Agricultural Extension situated inside Kasetsart University on Phahon Yothin Road.Luang Pu said the department was hosting a meeting about rice-related businesses and farmers on Tuesday, but growers were not actually invited to attend. He said his group decided to visit the department to seek the opportunity to contribute their ideas and help draft an appropriate plan to assist farmers. Oryza Afternoon Recap – Chicago Rough RiceFutures Rally, but Settle off of Session High and Below Nearby Technical resistance; WheatRockets Nearly 3% Mar 11, 2014 Chicago rough rice futures for May delivery settled 17 cents per cwt (about $4 per ton) higher at $15.380 per cwt (about $339 per ton). Rough rice futures finished the day sharply higher after a last minute rally saw prices move back toward the session high which had been charted out during morning trading. Despite the show of impressive strength on the part of the bulls the late push was not enough to overcome nearby technical resistance noted at $15.420 per cwt (about $340 per ton), provided by the 10-day moving average. This point will likely come into play tomorrow with secondary resistance noted slightly higher in the $15.500 per cwt (about $342 per ton) range. A closing above this second layer of resistance would be seen as a key technical development as doing so would place the market in positive trading territory, between the 20-day moving average and the upper Bollinger band. The other grains finished with mixed results today; soybeans closed about 0.4% lower at $14.1300 per bushel; wheat finished about 2.9% higher at $6.5900 per bushel; and corn finished the day about 1.1% higher at $4.8325 per bushel. U.S. stocks turned lower on Tuesday, with the S&P 500 further retreating from its record, as the ongoing crisis in Ukraine curbed enthusiasm for riskier assets. Trading in a 86-point range on either side of neutral, the Dow Jones Industrial Average lately was off 41.52 points, or 0.3 percent, at 16,377.16, with 20 of its 30 components in negative turf. The S&P 500 shed 5.-2 points, or 0.3 percent, to 1,872.15, with telecommunications and energy losing the most and technology and health care the best performing of its 10 major sectors. The Nasdaq declined 4.68 points, or 0.1 percent, to 4,329.76. Gold is trading about 0.5% higher, crude oil is seen trading about 0.9% lower, and the U.S. dollar is seen trading unchanged at about 1:00pm Chicago time. Monday, there were 353 contracts traded, up from 279 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday increased by 106 contracts to 7,782. For Advertising SPECS & RATES Contact: Advertising Department Mujahid Ali mujahid.riceplus@gmail.com +92 321 369 2874

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