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31st january,2014 daily global rice e newsletter by riceplus magazine


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31st january,2014 daily global rice e newsletter by riceplus magazine

  1. 1. 31st January , 2014 TOP Contents - Tailored for YOU Latest News Headlines…       Farm Bill to affect rice farmers, provide some help for drought  120,000 bags of Viet rice bought by NFA now in Bicol  American rice could fill Super Bowl stadium six times  Rice areas to cultivate other crops  Commerce Minister: Chinese company might tear up rice purchase contract made with Thailand  BOT chief urges sale of rice from govt stockpiles to fund payment to farmers  Govt sells 860,000 tonnes in January: Niwatthumrong  Bridge loan auction for rice scheme met with noshow by banks  BOT chief urges sale of rice from govt stockpiles to fund payment to farmers TABLE-India Grain Prices-Delhi-Jan 31 Nagpur Foodgrain Prices Open-Jan 31 Price stability top priority of Government: Ishaq Dar Antiquated rice mills hurting consumers, says Sinag Arkansas’s Rick Crawford spreading the word about U.S. rice Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  2. 2. NEWS DETAILS: Farm Bill to affect rice farmers, provide some help for drought By HEATHER HACKING/MediaNews Group and Democrat staff CREATED: 01/31/2014 12:30:48 AM PST WASHINGTON, D.C. -- The House of Representatives Wednesday passed the 939-page Farm Bill, with the Senate expected to do the same next week.As California heads into a harsh planting season amidst a drought, the Farm Bill will help.Rayne Pegg, manager of the California Farm Bureau Federation, said the bill contains a number of provisions that aid livestock producers harmed by weather disaster, including cattle, honeybees and farmed fish. Some provisions are retroactive.A tree assistance program is also available for disasters including drought, fire, freeze and earthquake, Pegg noted.For farmers of staple crops, including rice, wheat, corn and soy, the farm bill does away with direct payments. For Yolo County, rice was a $60 million industry in 2012, according the the latest Yolo County Agricultural Crop report. In that year, there was 40,561 acres harvested for 157.912 tons. That amount was actually less than in 2011, when $58.1 million of rice was sold off 42,476 acres, for 175,426 tons."It is a new day growing rice in the Sacramento Valley, said Tim Johnson, president of the California Rice Commission.In the past, growers "could count on every year getting some payment on production of a crop."Instead, growers will need to choose between a revenue protection program or a price loss program. Johnson explained that this would set a floor of $16.10 per 100 pounds of rice, and applies to 85 percent of acres.Right now, the average cost to produce 100 pounds of rice in California is $19, according to UC Cooperative Extension, Johnson said.Growers will need to choose one program or the other for five years, he said.Growers of all crops, including commodities or specialty crops, can also buy crop insurance, which is subsidized by the federal government.But this insurance won't be available until 2015, which won't help with the upcoming crop season.Johnson said a lot of number crunching will be done to make decisions. The Rice Commission is working to create online calculators for growers.Funding for specialty crops, including nuts and nurseries in California, includes funding for research and marketing, Pegg of the California Farm Bureau said. The bill also "recognizes that there are risks in diseases being introduced into our livestock herds."Funding will also likely include research labs, with UC Davis on the list.Help with marketing farm products overseas amounting to $200 million is also included, Pegg said."It's a huge bill for conservation," Pegg continued.Many landowners work through the Environmental Quality Incentives Program, which pays incentives for voluntary land practices.Food stamps were among the big issues with the bill's passage. The Senate and House went back and forth battling these numbers.In the end, $8 billion has been cut from the Supplemental Nutrition Assistance Program over the next 10 years.Most of that savings comes from states that tie eligibility for food stamps to heating bill programs, the Associated Press reported. The cuts are estimated to reduce SNAP payments by $90 a month for about 850,000 households.The bill also prohibits the Agriculture Department from spending money on ads to recruit food stamp beneficiaries. Also out are illegal immigrants and college students.The full bill is nearly $1 trillion, with an estimated $16.6-$23 billion over 10 years vs. the 2008 Farm Bill.The bill also restores taxes paid to counties for government Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  3. 3. land.The bill passed the House 251-166. Both Northern SacramentoValley congressmen -- John Garamendi, DFairfield, and Doug LaMalfa, R-Richvale -- voted for the bill in the House. 120,000 bags of Viet rice bought by NFAnow in Bicol By Mar S. Arguelles Inquirer Southern Luzon 9:27 pm | Friday, January 31st, 2014 LEGAZPI CITY—Port workers started unloading on Monday at least 120,000 bags, or 6,000 metric tons, of rice imported from Vietnam that arrived on Saturday at Port of Legazpi, said an official of the National Food Authority (NFA).Nelsie Alcantara, NFA spokesperson, said the rice shipment consigned to NFA-Bicol was on board MV Vinh An, a Vietnamese vessel that was docked at the Legazpi port on Saturday.Alcantara, in a phone interview on Monday, said the unloading of the 120,000 bags of 50-kilogram white Vietnam rice started only on Monday after the cargo officer of the vessel refused to unload the cargo because of bad weather.She said, though, that she did not know how much the imported rice cost.Alcantara, however, told the Inquirer that the NFA sells rice to accredited retailers at P1,250 per bag for the regular milled variety and P1,800 per bag for the well-milled variety. Alcantara said that after unloading the shipment, the rice cargo would be deposited at the NFA warehouse here and the 120,000 bags would be allocated to provinces in the region.She said the provinces of Catanduanes and Masbate would each get 24,000 bags; Albay province, 22,000; Camarines Sur province, 20,000, and Sorsogon and Camarines Norte provinces would each get 15,000.She said the shipment was part of the government‘s rice importation from Vietnam in 2013. Bicol had been allocated 600,000 bags last year.Salvador Ruivivar, Bureau of Customs operations chief, said in an interview that after a thorough check of import documents presented by the shipper, customs examiners found these to be ―perfectly in order.‖The bureau, he said, issued a permit to unload the cargo and another to transport the rice from the port to its different destinations.Ruivivar said the unloading of the shipment would take five to six days depending on the weather. ―Rice cargo is not unloaded when there‘s rain,‖ he said. American rice could fill Super Bowl stadium six times The Super Bowl of rice – 9 million tons Jan. 30, 2014USA RiceViewer Photo Galleries, Did you know American farmers grow more than 9 million tons of rice each year? Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  4. 4. That‘s enough rice to completely fill the Super Bowl's MetLife Stadium six times. American rice is grown in Arkansas, California, Louisiana, Mississippi, Missouri, and Texas. Rice areas to cultivate other crops VietNamNet Bridge – Minister of Agriculture and Rural Development Cao Duc Phat spoke with Thoi bao Kinh Te Viet Nam (Viet Nam Economic Times) about changes in agricultu re and rural developm ent in 2014. Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  5. 5. The ministry has a plan to shift a part of the country's rice areas to cultivate other plants. Can you provide more details about the plan? In 2013, the country had total rice planting areas of 7.9 million hectares and 1,157ha of corn. We have had too much rice, while having to import nearly 4 million tonnes of corn and soya yearly. So, around 130,000ha of rice will be shifted to cultivation of other crops, mostly corn and soya.Despite reductions of rice panting areas, the agriculture sector will expand establishing model rice fields with a scale area of between 200,000 – 250,000ha using appropriate rice varieties for export.Connections between enterprises and farmers would be boosted in rice consumption in the Hong (Red) River Delta and Cuu Long (Mekong) Delta areas. It is estimated that the country's total rice cultivation area in the three crops would reach 7.6 million hectares with rice output of around 43.4 million tonnes.This year, the country will expand corn planting areas to 1.23 million hectares, an increase of 73,000 hectares compared to last year.New corn varieties providing high productivity and some gene-changing corn varieties will be put into production, in combination with intensive farming in an effort to gain an output of 5.66 million tonnes. How will the change be implemented? The Ministry of Agriculture and Rural Development issued instructions that help localities, and farmers to flexibly shift crop plants in an effort to earn higher incomes and maintain the ability to maintain rice production in the long term.Further, each locality must research and draft its own strategy and master plan for domestic animal and crop plantings in the area.Districts and communes could draft their master plans for rice and corn areas, but cannot exactly direct domestic animal and crop planting that farmers must raise or cultivate. The State is responsible to provide corn varieties and technical support in order to help farmers gain higher profits from corn.So the ministry's research units will continue to select good varieties that were introduced by international companies.Prime Minister Nguyen Tan Dung recently urged the agriculture sector to begin planting genetically modified corn varieties.The ministry is also perfecting legal barriers in efforts to take full advantage of genetically modified corn varieties with high yield. What measures are being taken to help the animal husbandry sector escape from its existing standstill? During recent years, the ministry had a direction that focused on industrial, farm breeding and reduction of household breeding.More than 2 million households that gave up breeding have been living in difficulties due to their income sources only depending upon growing rice.We have believed that a breeding factory model should be seriously considered, while conforming with the country's conditions and situation, since this model might make millions of farm households become jobless in Viet Nam.The ministry has adjusted this direction with a focus on creating conditions to develop both industry and household breeding.In an effort to handle difficulties, we've had to ask the Government for value added tax reductions and exemptions in foodstuff for cattle and breeding farmers, because the tax has contributed an increase of VND1,000 per kilo in production prices.I think that there is a solution for handling the situation by setting up a direct connection between foodstuff producers and farmers. Some models have shown success when foodstuff did not have a tax placed on them. Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  6. 6. Is the direction for limiting the country's tra fish farming areas and households a remedy for saving the tra fish farming sector? The tra fish sector's paradox was very clear, because tra fish farmers have suffered losses due to low selling prices, despite the country's tra fish exports making up 95 per cent of the world market. Many localities requested to limit numbers of tra fish breeders and areas.After monitoring this sector for many years, I think that it is not the farmer, but the business sector that should be blamed for the existing situation.The tra fish farming sector's prestige and effectiveness were destroyed due to the weakness in business management and traders.A tighter regulation on tra fish production, processing and exports has been issued recently, and is expected to handle existing shortcomings. What do you say about the field of science, technology and training for farmers, that has been seen as a lever for increasing farmer's incomes? Among measures for the agriculture sector's restructuring, we must focus activities on science and technology.This year, we asked the Ministry of Finance to cut out VND35 billion (US$1.66 million) from State Budget spending for scientific research in the agriculture field.We will cut out around 100 petty projects and science and technology activities would be placed on order for agriculture production development.We also recently cut down agriculture extension programmes from 100 to 40 due to the weak effect of job training. The ministry will organise special meetings to discuss the improved performance of training programmes. Source: VNS Tags:Rice,enterprises,farmers,incomes, Commerce Minister: Chinese company might tear up rice purchase contract made with Thailand BANGKOK, 1 February 2014 (NNT) - Commerce Minister Niwatthamrong Boonsongpaisal has told the press that the Thai government’s Chinese trade partner is concerned about its rice trade with Thailand and might call off the rice deal after the National Anti-Corruption Commission (NACC) launched a probe into the rice pledging scheme. The minister on Friday said the Pei Ta Hwang company, Thailand‘s Government-to-Government trade partner in the rice support program, was concerned that its one-million-ton rice purchase contract with the Thai government might later cause problems.He concluded that the company‘s posibility to cancel the contract was mainly due to the investigation into the program by the NACC.In January this year, the government had already sold one million tons of rice in the rice pledging program, the minister said. The government once announced that the sale of stockpiled rice would be done under a G2G (government to government) arrangement via a Chinese company called GSSG Import & Export Corporation, whose sole appointed agent in Thailand is Mr. Natthanit Sojirakul, a.k.a. 'Palm' who is the personal assistant of Udonthani Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  7. 7. MP Rapheephan Phongrueangrong, wife of red shirt leader Arisman Phongrueangrong.Mr. Natthanit in tern issued a formal letter appointing as his representative Mr. Nimol Rakdee, who is the right hand man of Sia Piang.It was Mr. Nimol Rakdee's job purchase rice from the government under the G2G scheme via the Department of Foreign Trade. Sia Piang then takes the rice which was sold at a price below market rates due to the fact that there was no public auction as per G2G regulations, and sells them to the rice mills at market rates.The government loses money once because Sia Piang pockets the difference between the G2G price and the market rates. The rice mills then sell the rice back to the government, causing the government to lose money the twice because the government is obliged to buy the rice at 40% above the market rate.It is probably not negligence or coincidence that causes the government loses money in this way. More likely because Sia Piang (circled) is a close associate of Thaksin. Selling the rice under a G2G scheme (to avoid a public tender) is actually a scheme to sell the rice to corporations belonging to people close to Thaksin Shinawatra. And don't forget, the money that was lost two-fold in this way is none other than our very own tax money. BOT chief urges sale of rice from govt stockpiles to fund payment to farmers Erich Parpart, Petchanet Pratruangkrai The Nation February 1, 2014 1:00 am The central bank governor yesterday advised the caretaker government to raise funds by speeding up the sale of rice from the state's stockpiles instead of borrowing to pay farmers taking part in its rice-pledging scheme.Prasarn Trairatvorakul, governor of the Bank of Thailand, said the pledging scheme had created problems for farmers because they were not being paid and they suffered badly from lack of savings. Govt sells 860,000 tonnes in January: Niwatthumrong The Nation January 31, 2014 5:56 pm Niwatthumrong Boonsongpaisan Caretaker Commerce Ministry Niwatthumrong Boonsongpaisan revealed on Friday that Thailand sold another 860,000 tonnes of rice in January.He said that the rice would be delivered to overseas private buyers within six months. He said that the government had tried to release some 7-9 million tonnes of stockpiles by all means, but the House dissolution has presented some obstacles in inking agreements with government buyers. He noted Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  8. 8. that a Chinese state enterprise, one of the potential buyers, would announce in the next two days whether it would strike a government-to-government rice deal with Thailand. The state enterprise is considering whether to buy 1 million tonnes of rice, but it may not desire to follow the plan after the National Anti-Corruption Commission has launched an investigation into the rice-pledging scheme.He also said that it is impossible to release all 17.8 million tonnes, as the volume is over half of annual global demand of 35 million tonnes. Speedy release would also put pressure on the price, he said. However, the Commerce Ministry would continue with its efforts to release the stockpiles until February. Bridge loan auction for rice scheme met with no-show by banks Date : 31 มกราคม 2557 BANGKOK, 31 January 2014 (NNT) – No banks were reportedly present at the government‘s auction of a bridging loan worth 20 billion baht, which is to be used to pay farmers in the rice pledging scheme, due to fear of risks and lack of clarity. A total of 34 commercial banks were previously invited by the Ministry of Finance to take part in the first round of auction of the 20-billion-baht bridging loan on Thursday. Nonetheless, according to reports, none of the banks arrived at the auction venue on the day, given they were alarmed by the ambiguity of the loan plan and were not willing to take such a high risk. Mr Piti Tantakasem, Chief Wholesale Banking Officer of TMB Bank, revealed that the bank opted not to engage in the auction because the legal terms were still unclear, making the loan an extremely risky one. He said the bank was seeking consultation with its risk assessment panel and the decision whether or not it would take part in the next round of auction was still pending. Mr Payungsak Chartsutipol, Director and Chairman of the Board of Executive Directors of Krungthai Bank, reaffirmed that the bank‘s executive board had not made any resolution to issue loans to the government for use in the rice pledging scheme. He also claimed that the government had never asked the bank for such loans while urging the public not to believe rumors in the social media. Meanwhile, Deputy Commerce Minister Yanyong Phuangrach attributed the government‘s inability to acquire loans from state-run banks, such as the Government Savings Bank and the Bank for Agriculture and Agricultural Cooperatives, to the strong objection from the banks‘ labor unions. He thus urged the unions to think of the plight of rice farmers who had not been paid for their crops and were facing huge burdens from various financial obligations. BOT chief urges sale of rice from govt stockpiles to fund payment to farmers "The government should sell rice from the stockpiles as soon as possible ... even if the sales are made at a loss," Prasarn said. More than a million farmers have not been paid for their pledged paddy in the 2013-14 harvest Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  9. 9. season, representing 10.71 million tonnes worth a total of Bt167 billion. The farmers have threatened to block roads and stage protest rallies against the government because of the delay in payments. After the Finance Ministry on Thursday failed to obtain a Bt20-billion short-term loan in the first batch of the Bt130-billion fund planned to finance the rice-pledging project, TMB Bank was reportedly named as the winner of the bid. However, the ministry said none of the financial institutions had won it. TMB Bank chief executive officer Boontuck Wangcharoen clarified in a statement released yesterday that the bank did not take part in the loan bidding on Thursday. "The legal risk is not clear. So the process of credit has not yet been considered as more than half of the bank's directors, who are foreigners, are abroad," Boontuck said in a statement.Kosit Panpiemras, executive chairman of Bangkok Bank, said it did not take part in the loan auction on Thursday, as the law regarding the loan was still unclear. He said commercial banks had to be careful on such matters.Narongchai Akrasanee, chairman of MFC Asset Management, suggested that the next government should expand the revolving fund for paying for paddy under the scheme once they are in power. Then they can begin to pay the farmers gradually through any banks that are willing, and not only the Bank for Agriculture and Agricultural Cooperatives. Prasarn said the problem faced by commercial banks in the auction related to the law, which is still unclear, and they were worried that the next government might not honour the deal. However, he said the BOT would not interfere, as it believes commercial banks can deal with it. Meanwhile, caretaker Commerce Minister Niwatthumrong Boonsongpaisan said China had expressed concerns about the Thai government's ability to supply rice to it under a governmentto-government contract. China could cancel the deal. He said that next week he would discuss the matter with the Chinese company involved. In January, the government sold 1 million tonnes of rice from its total stockpile of 10 million tonnes. There are sales contracts for another 5 million tonnes, which are awaiting shipping. TABLE-India Grain Prices-Delhi-Jan 31 Fri Jan 31, 2014 2:58pm IST Rates by Asian News International, New Delhi Tel: 011 2619 1464 Indicative Previous Grains opening close (in rupees per 100 kg unless stated) ---------------------------------------------------------Wheat Desi 2,200-3,000 2,200-3,000. Wheat Dara 1,850-2,150 1,825-2,075. Atta Chakki (per 10 Kg) 215-240 215-240. Roller Mill (per bag) 1,900-2,100 1,900-2,000. Maida (per bag) 1,850-2,050 1,850-2,050. Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  10. 10. Sooji (per bag) 1,950-2,050 1,950-2,050. Rice Basmati(Sri Lal Mahal) 12,000-14,000 12,000-14,000 Rice Basmati(Lal Quila) 12,000-14,000 12,000-14,000 Rice Basmati(Common) 8,400-9,400 8,400-9,400. Rice Permal 2,100-2,400 2,100-2,400. Rice Sela 2,700-2,900 2,700-2,900. I.R.-8 1,850-1,950 1,950-2,050. Gram 3,200-3,400 3,200-3,400. Peas Green 3,100-3,600 3,100-3,600. Peas White 2,800-3,000 2,800-3,000. Bajra 1,225-1,525 1,225-1,525. Jowar white 1,400-2,250 1,400-2,250. Maize 1,450-1,500 1,450-1,500. Barley 1,300-1,400 1,300-1,400. Guwar 3,300-3,900 3,300-3,900. Source: Delhi grain market traders Nagpur Foodgrain Prices Open-Jan 31 Fri Jan 31, 2014 3:03pm IST Nagpur, Jan 31 (Reuters) - Gram prices in Nagpur Agriculture Produce and Marketing Committee (APMC) firmed up again on increased buying support from local millers amid weak supply from producing belts. Fresh rise on NCDEX, notable hike in Madhya Pradesh gram prices and enquiries from South-based millers also boosted prices, according sources. * * * * FOODGRAINS & PULSES GRAM * Gram varieties ruled steady in open market on subdued demand from local traders amid ample stock in ready position. TUAR * Tuar varieties showed weak tendency in open market on poor demand from local traders amid good supply from producing regions. Easy condition in overseas tuar prices also affected sentiment. * Udid varieties moved down in open market in absence of buyers amid release of stock from stockists. * In Akola, Tuar - 4,100-4,200, Tuar dal - 6,200-6,400, Udid at 6,000-6,300, Udid Mogar (clean) - 7,000-6,200, Moong - 8,000-8,200, Moong Mogar Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  11. 11. (clean) 9,400-9,600, Gram - 2,600-2,700, Gram Super best bold - 3,600-3,800 for 100 kg. * Wheat, rice and other commodities remained steady in open market in thin trading activity, according to sources. Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg FOODGRAINS Available prices Previous close Gram Auction 2,520-2,810 2,500-2,770 Gram Pink Auction n.a. 2,100-2,600 Tuar Auction n.a. 4,300-4,380 Moong Auction n.a. 4,400-4,600 Udid Auction n.a. 4,300-4,500 Masoor Auction n.a. 2,600-2,800 Gram Super Best Bold 3,900-4,100 3,900-4,100 Gram Super Best n.a. Gram Medium Best 3,600-3,800 3,600-3,800 Gram Dal Medium n.a. n.a. Gram Mill Quality 3,400-3,500 3,400-3,500 Desi gram Raw 3,150-3,250 3,150-3,250 Gram Filter Yellow n.a. n.a. Gram Kabuli 7,900-10,300 7,900-10,300 Gram Pink 7,700-8,100 7,700-8,100 Tuar Fataka Best 6,700-6,900 6,800-7,000 Tuar Fataka Medium 6,100-6,300 6,200-6,400 Tuar Dal Best Phod 5,700-5,900 5,800-6,000 Tuar Dal Medium phod 5,300-5,500 5,400-5,600 Tuar Gavarani 4,300-4,400 4,400-4,500 Tuar Karnataka 4,400-4,500 4,500-4,600 Tuar Black 7,400-7,500 7,400-7,500 Masoor dal best 5,300-5,400 5,300-5,400 Masoor dal medium 5,000-5,200 5,000-5,200 Masoor n.a. n.a. Moong Mogar bold 9,500-9,900 9,500-9,900 Moong Mogar Medium best 8,800-9,200 8,800-9,200 Moong dal super best 8,600-8,800 8,600-8,800 Moong dal Chilka 8,100-8,500 8,100-8,500 Moong Mill quality n.a. n.a. Moong Chamki best 7,400-7,800 7,400-7,800 Udid Mogar Super best (100 INR/KG) 7,400-7,700 7,100-7,400 Udid Mogar Medium (100 INR/KG) 5,700-6,500 5,400-6,200 Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  12. 12. Udid Dal Black (100 INR/KG) 4,600-4,800 4,600-4,800 Batri dal (100 INR/KG) 3,850-4,650 3,800-4,600 Lakhodi dal (100 INR/kg) 3,000-3,100 3,000-3,100 Watana Dal (100 INR/KG) 3,250-3,350 3,250-3,350 Watana White (100 INR/KG) 3,200-3,300 3,100-3,200 Watana Green Best (100 INR/KG) 4,200-4,500 4,200-4,500 Wheat 308 (100 INR/KG) 1,800-1,900 1,800-1,900 Wheat Mill quality(100 INR/KG) 1,880-1,925 1,880-1,925 Wheat Filter (100 INR/KG) 1,750-1,950 1,750-1,950 Wheat Lokwan best (100 INR/KG) 2,100-2,550 2,100-2,550 Wheat Lokwan medium (100 INR/KG) 2,050-2,150 2,050-2,150 Lokwan Hath Binar (100 INR/KG) n.a. n.a. MP Sharbati Best (100 INR/KG) 3,100-3,600 3,100-3,600 MP Sharbati Medium (100 INR/KG) 2,500-2,900 2,500-2,900 Wheat 147 (100 INR/KG) 1,600-1,700 1,600-1,750 Wheat Best (100 INR/KG) 1,700-1,800 1,650-1,750 Rice BPT (100 INR/KG) 3,000-3,300 3,000-3,300 Rice Parmal (100 INR/KG) 1,800-1,850 1,800-1,850 Rice Swarna Best (100 INR/KG) 2,600-2,700 2,600-2,700 Rice Swarna Medium (100 INR/KG) 2,300-2,450 2,300-2,450 Rice HMT (100 INR/KG) 4,100-4,400 4,100-4,400 Rice HMT Shriram (100 INR/KG) 4,500-5,000 4,800-5,000 Rice Basmati best (100 INR/KG) 11,000-13,500 11,000-13,500 Rice Basmati Medium (100 INR/KG) 6,300-7,600 6,300-7,600 Rice Chinnor (100 INR/KG) 5,500-5,800 5,500-5,800 Rice Chinnor Medium (100 INR/KG) 5,100-5,300 5,100-5,300 Jowar Gavarani (100 INR/KG) 1,400-1,600 1,400-1,600 Jowar CH-5 (100 INR/KG) 1,700-1,800 1,700-1,800 WEATHER (NAGPUR) Maximum temp. 28.7 degree Celsius (83.7 degree Fahrenheit), minimum temp. 10.6 degree Celsius (51.1 degree Fahrenheit) Humidity: Highest - 78 per cent, lowest - 20 per cent Rainfall : nil FORECAST: Mainly clear sky. Maximum and Minimum temperature likely to be around 29 and 11 degree Celsius respectively. Note: n.a.--not available (For oils, transport costs are excluded from plant delivery prices, but included in market prices.) Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  13. 13. Price stability top priority of Government: Ishaq Dar Thursday, 30 January 2014 21:00 Posted by Shoaib-ur-Rehman Siddiqui ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar said on Thursday that price stability was the top priority of the Government and it would intervene where necessary to maintain stability of prices.He stated this while chairing the meeting of National Price Monitoring Committee (NPMC) here.The Finance Minister on the occasion appreciated the provinces for taking price control measures effectively which had resulted in the decline of kitchen items over last 8 weeks. He stressed them to make further efforts to provide relief to the common man.The National Price Monitoring Committee (NPMC) meeting was also attended by Parliamentary Secretary Ministry of Finance Rana Muhammad Afzal, representatives from the Provinces of Punjab, Sindh, Khyber Pakhthunkhwa, Islamabad Capital Territory, Ministries of Industries & Production, Law, Justice & Human Rights, Commerce & Textile Industry, National Food Security & Research, Inter-Provincial Coordination, Cabinet Division, Ministry of Planning, Development & Reforms, Pakistan Bureau of Statistics, Federal Board of Revenue and Utility Stores Corporation.The meeting reviewed the inflationary trend of various indicators including the Consumer Price Index (CPI), Food, Non-Food, Core, Wholesale Price index (WPI), Sensitive Price Indicator (SPI) and Index of 28 selected essential items. The NPMC was informed that inflation measured by CPI was recorded at 9.2 percent during December 2013, similarly SPI and WPI also reported at 11.1 percent and 8.9 percent respectively, whereas inflation in Food items is reported at 9.3 percent, Non-Food 9.1 percent and Core at 8.2 percent.The SPI for the week ended on January 23, recorded a decrease of -0.17 percent due to decrease in prices of 09 commodities, while prices of 18 items increased and prices of 26 items remained stable as compared to last week ended on January 16.The meeting also noted that SPI is continuously declining over the last three weeks in January-2014, which is an indication that government policies and measures to control inflation, are working.It was also noted that prices of tomatoes, onion, potatoes, eggs and sugar are declining due to improvement in supply of these commodities. The week ending on 23-01-2014, witnessed decrease in prices of Tomatoes 17.71pc, Onions 4.19pc, Eggs 0.83pc, Bananas 0.53pc, L.P.G 0.32pc, Rice Basmati Broken 0.19pc, Red Chilies 0.18pc, Wheat Flour 0.15pc and Veg. Ghee (Loose) 0.02pc over last week, while the items recorded increase in their prices are Gram Pulse 2.27pc, Milk Powdered Nido 1.85pc, Salt Powdered 1.30pc, Shirting 1.22pc, Masoor Pulse 1.02pc, Chicken Farm 0.93pc, Lawn ,0.77pc Garlic 0.67pc, Wheat 0.63pc, Potatoes 0.42pc, Moong Pulse 0.38pc, Gur 0.33pc, Long Cloth 0.33pc, Cooked Dal Plate 0.31pc, Washing Soap (200-250 gm) 0.25pc, Mash Pulse 0.20pc, Sugar Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  14. 14. 0.10pc and Rice Irri-6 0.06pc. Whereas the prices of Bread Plain Med. Size (340-400 gm), Beef, Mutton, Milk (fresh), Mustard Oil, Cooking Oil (tin), Veg. Ghee (tin), Tea ( Yellow Lable 200 Gm), Petrol, and Diesel remained unchanged.The meeting also noted the price trend of essential items and it was observed that some of the items (Wheat, Wheat Flour, Powder Milk - Nido, Bananas, and Red Chilies) registered nominal increase during the period 21-11-2013 to 23-1-2014.While some items registered massive decline during the current period over corresponding period such as Eggs, Potatoes, Onions, Tomatoes and Sugar.The NMPC also observed that in comparison with the regional countries, Pakistan had the lowest prices of Rice Basmati, wheat, wheat Flour, Beef, Eggs, Red chilies, Petrol, Mutton and second lowest in Mash Pulse, Gram Pulse, Masoor Pulse, Moong Pulse, Sugar, Chicken, Garlic, Onions and Vegetable Ghee. The meeting also reviewed the price trend of 28 selected items among the provinces.Some variations in the prices of Wheat, Wheat Flour, Rice Basmati Broken, Rice Irri-6, Pulses, Beef, Mutton, Milk Fresh, Milk Powdered, Ghee, Tomatoes and Garlic, were observed.The Chief Commissioner ensured that Islamabad Capital Territory will take further measures to check prices and monitor the supply situation of all essential items.The meeting also discussed the stock position of wheat, rice, sugar, oil and other essential items and expressed satisfaction on the stock position .The meeting was informed that Punjab Government is taking all possible measures to ensure price stability and that they had improved enforcement mechanism.The Punjab government had established a system that a consumer can check prices of essential items on mobile phone through dedicated No by SMS and insist on the price of the item, if the seller is reluctant, the consumer can complain on a toll-free number.The Finance Minister appreciated the effort and urged all other provinces should benefit from this mechanism.The Finance Minister appreciated the initiative of the Government of Sindh for regulation of godown and directed that the process should be held transparency and other provinces should benefit from this initiative.The Finance Minister took notice of increase in sale price of Urea which was reportedly being sold at a higher price in the market against the price of Rs. 1786/- per bag approved by the government. The Finance Minister directed Ministries of National Food Security & Research and Industries to take strict action against those charging higher prices and take corrective measures for the enforcement of the approved price of Rs.1786/- per bag.He also directed the authorities to conduct surprise checks.The chair further stressed all stakeholders to take action against hoarding and ensure smooth supply of essential items in all regions of the country.The Ministry of Inter Provincial Coordination was also advised to expedite work on a bill to revive the work on a Executive Magistracy, so that a mechanism may be established to further strengthen the price control mechanism.The Secretary Food and National Security briefed the meeting on the availability and consumption of wheat, gram lentil, potato and onions in the country.He also informed that production of rice in the country is estimated of 6 million ton and 3 million ton would be available for export after meeting domestic requirements. Antiquated rice mills hurting consumers, says Sinag By Ronnel W. Domingo Philippine Daily Inquirer 1:32 am | Friday, January 31st, 2014 Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  15. 15. Inefficiencies in rice processing and costs associated with middlemen are the reasons why prices of the staple grain shot up to almost double the farmgate level, according to the umbrella group Samahang Industriya ng Agrikultura (Sinag).This means that palay, which farmers sell for P21 to P22 a kilogram, will cost consumers P37 to P40 a kilo once it reaches the retail store in the form of well-milled rice.Jojie Co of the Philippine Confederation of Grains Associations, a member of Sinag, said in a briefing Wednesday night that most rice as a throwback to the 1940s, ―turn out only 60 cavans of milled rice‖ from 100 cavans of palay.―In fact, the milled rice that the Philippines import fills in for the volume lost in the milling process,‖ he said.According to the Philippine Center for Post-Harvest Development and Mechanization or PhilMech, an agency supervised by the Department of Agriculture (DA), laboratory tests show that the best milling facilities can recover 68 to 72 cavans of rice from 100 cavans of palay. However, of the 25,372 rice mills in the country, 24,420 are single-pass mills that have a recovery rate of 50-55 percent.Based on PhilMech‘s post-harvest inventory survey done in 2008, there are only 48 compact rice mills that can recover 60 percent at best, and 904 multi-pass mills with a recovery rate of 65-70 percent.Most rice farmers, Co said, sell individually to middlemen instead of consolidating volumes through cooperatives that sell directly to millers.―There are very few successful cooperatives in the country, and so farmers sell at their own small volumes,‖ he said, adding that the average rice farm holding is 1.5 hectare to 2 hectares.Co said that, if this is the case, bulk of the difference between farmgate palay prices and retail milled rice prices go to the middle men.Part of the DA‘s efforts to address the situation is to establish modern integrated rice mills, which include warehouses, mechanical dryers and other support facilities.There are still only a few such facilities, the newest one being the P32.2-million rice processing center in Sto. Niño, South Cotabato. Arkansas’s Rick Crawford spreading the word about U.S. rice In a country where farmers grow more than 90 million acres of corn and more than 80 million acres of soybeans annually, crops like rice and peanuts – and even cotton – can look very small.That doesn‘t mean they aren‘t important economically, especially to the communities in states where they are grown, says Rep. Rick Crawford, R-Ark., a speaker at the Arkansas Rice Council and Arkansas Rice Farmers meeting in Stuttgart yesterday (Jan. 30). The day before Crawford was one of 266 House members voting for the Agriculture Act of 2014, the longawaited farm bill he helped write as a member of the House Agriculture Committee and of the Farm Bill Conference Committee.―If you haven‘t been watching, we‘ve been up against some pretty tremendous odds,‖ he said. ―One of the things I observed almost on day one when I got to Washington was that politics in Washington are largely dictated by geography as much as they are by party affiliation, and that was certainly true with the farm bill. Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  16. 16. ―So we had a lot of Midwest representation that simply doesn‘t understand the way things are done in Arkansas, and they particularly don‘t understand Arkansas rice production (or in other states, for that matter).‖Crawford says when he tells his colleagues that the First Congressional District in Arkansas is responsible for about half the U.S. rice production, he gets puzzled looks. ―First, they scratch their heads and say ‗I didn‘t even know we grew rice in the United States.‘ Then they say, ‗You guys grow rice in Arkansas.‘‖Crawford and House Agriculture Committee Chairman Frank Lucas, R-Okla., faced an uphill battle after the Senate came out of the starting gate with a ―one size fits all farm bill‖ that provided a safety net for Midwest corn and soybean growers and few others. Southern members of the House Ag Committee like Crawford and Rep. Mike Conway, R-Texas, chairman of the General Farm Commodities Committee wrote provisions into their version of the farm bill that would provide assistance to rice and peanut growers during times of weather disasters and low prices.―I think they (Midwest members) are getting the message, but this farm bill was a tough one,‖ said Crawford. ―We have a safety net in place. It‘s not what you‘re used to. But with the help of your legislative staff with the Arkansas Rice Farmers, we‘ve been able to arrive at something you can live with.―We would certainly have liked to get more. But under the circumstances, I think that what we did was pretty remarkable given the conditions that exist in Washington with the budget constraints and the continual pounding that Arkansas producers have received over the years going back to 2000 when the crosshairs were squarely placed on Mid-South agriculture.‖The Farm Bill Conference Report received near-unanimous support from the Mid-South congressional delegations. Only one House member from Arkansas, Rep. Tom Cotton, a Republican, voted against the measure. For more on the farm bill, click on Advertising SPECS & RATES Contact: Advertising Department Mujahid Ali +92 321 369 2874 Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874