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7th february,2014 daily global rice e newsletter by riceplus magazine


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7th february,2014 daily global rice e newsletter by riceplus magazine

  1. 1. 7th February, 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 Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  2. 2. 10000+ stakeholders of rice industry read & apply various ideas and analysis written by the authors. Be the part of Rice plus authors Visit:, TOP Contents - Tailored for YOU Latest News Headlines…          The uproar over Indonesia's rice imports Vietnamese rice faces barriers in biggest markets Vietnam likely to benefit from China’s cancelation of rice import deal with Thailand Thai political crisis threatens budget, rice scheme, public works EC threatens to sue over rice payments delay claims Some Surin farmers getting compensated from rice scheme Paddy production in West Bengal hit by floods Nagpur Foodgrain Prices Open- Feb 07 Rice, lentil, loose soybean prices rise slightly News Detail… The uproar over Indonesia's rice imports The Jakarta Post/Asia News Network February 8, 2014, 12:06 am TWN AKARTA -- The uproar in the last few days over alleged rice smuggling merely reinforces the fact that rice is a politically charged commodity, and just how confusing the Indonesian government's policy is regarding this national food staple.Many analysts and politicians have accused the Trade Ministry, which issues rice-import licenses, of causing misery to farmers; and the issue became headline news in a number of media outlets when Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  3. 3. Gita Wirjawan resigned as trade minister amid the debacle.This furor simply ignored the fact that the issue concerns only about 16,500 tons of allegedly smuggled rice, compared to the national output of around 37 million tons last year and domestic consumption of 35 million tons.The country has enjoyed a modest rice surplus over the last two years. However, the current political approach to stimulating productivity through a price policy and non-tariff barriers on imports has been fraught with difficulties and corruption.There is also a great deal of confusion about the real level of rice prices, as many analysts and farmers' representatives have complained about low prices.The dilemma is that allowing rice prices to continue to rise to give higher earnings to the farmers, as several politicians and analysts have suggested, goes entirely against common sense and will instead only hurt the majority of people, 80 percent of whom are net rice consumers.Data from the Central Statistics Agency (BPS) shows that more than 75 percent of rice growers are net rice consumers. High prices hit the poorest even harder because almost 30 percent of their household spending goes toward rice.Moreover, because of the country's lengthy and porous coastline, which is close to several major rice-exporting ports in Thailand and Vietnam, it is virtually impossible for Indonesia's domestic rice price to be maintained at a higher level than border prices without encouraging smuggling.The present policy of controlling rice prices within an annually reviewed range of floor and ceiling prices, to ensure fairness for both consumers and producers and making rice imports only a contingency measure, is considered adequate. But this price mechanism must be supported by a financially strong State Logistics Agency (Bulog) to enable it to build up an adequate buffer in rice stocks, through domestic supplies or imports for market operations, to stabilize prices.The biggest challenge is to ensure that Bulog has enough funds to make purchases whenever needed to defend the floor price, and enough stocks to release to the market whenever prices rise too far above the fixed ceiling.Bulog's market interventions, however, should be designed in such a way that price fluctuations still allow for a fair profit margin for wholesalers and retailers. It makes no economic or political sense for Bulog to manage more than 10 percent of national consumption as buffer stocks. The bulk of national stocks should be held by private traders and farmers. Vietnamese rice faces barriers in biggest markets VietNamNet Bridge – Vietnamese rice is now “in danger,” finding it difficult to enter the three biggest export markets. Meanwhile, though being welcomed in China, Vietnam keeps cautious about the market. Indonesian Minister for Economic Affairs Hatta Rajasa has requested the Ministries of Trade and Agriculture to take a probe against the illegal rice imports from Vietnam.According to the Vietnam News Agency, the Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  4. 4. minister said there are some evidences about the importers’ license abuse.The request has been made following the information that the illegal rice imports from Vietnam are being wholesaled in Cipinang or Baten province in eastern Jakarta on January 30, estimated at 16,900 tons.The volume of rice was sold more cheaply than the domestic products. Sources said the rice has been imported to Indonesia with the legal license granted by the Indonesian Ministry of Trade.Hatta Rajasa emphasized that the Indonesian government never allows individuals to import rice, and that it has authorized Bulog, an agency of the country, to import rice to stabilize the market prices. Therefore, it is highly possible that Vietnam’s rice has penetrated the Indonesian market through legal channels.Prior to that, in October 2013, NFA, the Filipino food agency, warned that the contract on importing 120,000 tons of rice signed between the Filipino private import firms and the Southern Food Corporation (Vinafood 2) is invalid, and that the imports will be blocked by the country’s customs agencies.According to NFA, under the country’s national quota program, Filipino businessmen can only buy rice from Thailand, India, China and Australia. The importers must obtain the special import licenses from NFA before they import rice from other countries.Vietnam’s rice exports to the loyal markets of the Philippines, Indonesia and Malaysia have dropped dramatically recently, thus leading to the sharp fall of the total rice exports.The rice exports to the Philippines dropped by 63 percent in the first nine months of 2013, while the exports to Malaysia dropped by 35 percent. Especially, Indonesia did not import rice from Vietnam. In the context of the sharp falls in the exports to the loyal markets, the Vietnam’s rice production was “saved” by the strong rise in the exports to China. The export volume to the market in 2013 was four times higher than that in 2012, about 1.6 million tons.China consumed 32 percent of Vietnam’s total rice exports, while African markets bought nearly 30 percent.However, Vietnam has been warned against the reliance on China as the main export market. The unstable market would upset Vietnam’s rice export strategy one day if Vietnam does not follow a reasonable business development plan. Nguyen Dinh Bich, a well-known rice expert, on his article on Thoi bao Kinh te Saigon--while noting that Vietnam had to lower the export prices sharply in 2013, which was a big bitterness, has warned that the same scenario may repeat in 2014.The US Agriculture Department has predicted that the demand from the three Vietnamese loyal markets would soar in 2014 to 4 million tons, while the demand from eight Asian big rice importers would increase by 20.1 percent to 9.22 million tons. However, Bich commented that it would be not easy to boost exports to the markets. Dat Viet  Tags:rice exports,vietnamese rice,barriers, Vietnam likely to benefit from China’s cancelation of rice import deal with Thailand Last updated: Friday, February 07, 2014 12:00 Vietnam, the world’s second largest rice exporter, is likely to benefit from China’s recent decision to cancel a deal to buy 1.2 million tons of rice from Thailand, the Vietnam Food Association said.News website Saigon Times quoted an unnamed association executive as saying Vietnam, which Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  5. 5. missed its export target of 7-7.2 million tons last year, stands a big chance of boosting exports to China this year because of its geographical proximity.The association forecast that other countries like Myanmar and Pakistan would also try to take advantage of the cancelation, which was announced following a probe into the transparency of rice deals between Thailand and China by Thailand’s National Anti-Corruption Commission.But it also said China could ink another deal to buy rice from Thailand at lower prices.Vietnam exported 6.6 million tons last year, down 15 percent from 2012, the year it surpassed Thailand to become the world’s top exporter.Exports to China, both official and through border trade, exceeded 3.5 million tons. Thai political crisis threatens budget, rice scheme, public works BY ORATHAI SRIRING BANGKOK Fri Feb 7, 2014 12:42am EST (Reuters) - Thailand's inability to form a new government has left the country facing a slow-burn budget crisis, with a costly rice-buying scheme close to collapse and public investment plans that were meant to support the flagging economy under threat. Prime Minister Yingluck Shinawatra has led a caretaker administration since December, when she called a snap election in a bid to end protests that have shut down parts of the capital and with it much of normal government business.But the demonstrations have continued, and protesters were able to disrupt voting in enough places to prevent a new administration being installed after the poll on February 2."The fiscal budget plan has not started yet. We haven't seen this situation before," Manas Jamveha, director general of the Comptroller General's Department, told Reuters."We have to wait for a new government and its policies before proceeding on a budget framework."By law, a caretaker government can only embark on new spending with the approval of the Election Commission and it cannot initiate projects that commit the incoming government.According to the Budget Bureau, ministers should have set a budget outline by January 28 for the fiscal year starting in October. Details should be thrashed out in April and the budget sent to parliament in May.But with the opposition challenging the legality of the poll and dozens of by-elections needed to fill vacant seats, It may be weeks, or even months, before Thailand has a proper government again.Most urgent is the rice-buying scheme, which was a cornerstone of the populist platform that won Yingluck a landslide election victory in 2011 but in recent weeks has all but collapsed due to cash problems.The cost of the scheme, which guaranteed farmers an above market price, has fuelled protests in Bangkok. Big banks have refused to offer bridging loans to keep it afloat, unconvinced the government has the authority to seek them. Some farmers have not been paid for their rice for months and the scheme lapses at the end of February, when the current crop ends. Similar schemes have been routinely rolled over for decades, but not this year."These Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  6. 6. payment problems stem from the dissolution of parliament, which made it difficult under the framework of the law to approve payments," Yingluck, who will almost certainly be declared the winner of the election if is not annulled by the courts, told reporters on Wednesday. "Whether this scheme is extended or not is up to the next government."The protest movement has been trying since November to force out Yingluck and install an unelected administration to ram through political and economic reforms, with the objective of reducing the influence of her brother, former premier Thaksin Shinawatra who was ousted in a 2006 coup. GROWTH FORECAST SLASHED Many government ministries have been closed for weeks because of the protests, with civil servants working from home or back-up facilities. Many from the Commerce Ministry, for example, have relocated to a royal arts and craft center north of Bangkok and on Monday officials held the monthly inflation briefing in a restaurant.As protest numbers dwindled this week, some ministries have tentatively reopened. But policymaking remains restricted.Brokerage Thanachart Securities has slashed its economic growth forecast for 2014 to 2.0 percent from 3.2 percent because of the likely fall in government spending, as well as delays to both public and private investment."Our expectation of a reduction in populist spending, especially on the massive rice scheme, forces us to lower our consumption growth assumption this year from flat growth to negative growth of 1.2 percent," said its head of research, Pimpaka Nichgaroon, noting that consumption in Thailand accounts for around half of GDP.A centerpiece of the government's economic policy - set to increase growth by one percentage point in a full year, it said - was a 2 trillion baht ($61 billion) infrastructure program focused on mass transit and high-speed rail networks. Ministers approved related borrowing in March 2013 but it was contested by the parliamentary opposition because it was off-budget and the case has been mired in the courts. It now seems unlikely the work will begin any time this year.State-owned Electricity Generating Authority of Thailand (EGAT), the country's largest power producer and operator of the national grid, said this week a $515 million infrastructure fund might be delayed if a new government was not formed soon. It needs the money for new power plants and transmission lines.A planned power station in southern Krabi province must await approval from the next government.Public investment and infrastructure account for about 30 percent of total cement demand, so big suppliers are concerned."If the government is unable to approve new infrastructure projects, new public spending will not happen. That will drag down the overall sector," said Kan Trakulhoon, chief executive of Siam Cement Pcl. ($1 = 32.7600 Thai baht) Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  7. 7. (Additional reporting by Khettiya Jittapong, Amy Sawitta Lefevre, Apornrath Phoonphongphiphat, Kitiphong Thaichareon and Boontiwa Wichakul; Writing by Alan Raybould; Editing by Alex Richardson) EC threatens to sue over rice payments delay claims February 7, 2014 4:18 pm The Election Commission is threatening to sue anyone who claims the agency is responsible for the government's repeated postponement of payments to farmers who sold rice to its price-support scheme.EC commissioner Somchai Srisuthiyakorn dismissed claims Friday that the agency barred the government from seeking loans to finance the scheme. More than a million farmers across the country are owed money under the scheme. "The EC has no mandate whatsoever on the issue," Somchai said. "It's just that the Constitution prohibits a caretaker government from incurring debts that will affect the next government." The Nation Some Surin farmers getting compensated from rice scheme Date : 7 2557 SURIN, 7 February 2014 (NNT) – 21 branches of Thailand's Bank for Agriculture and Agricultural Cooperatives (BAAC) located within 17 districts in Surin Province, have now transferred much of the money from the rice pledging scheme implemented during the 2013/2014 harvest season, according to the bank. Mr. Pairoj Rungpanarat, Assistant Director of the BAAC Surin branch, said the bank has already made 21,000 payments totaling 1.8 billion baht. Furthermore, the Surin BAAC Office has just received an additional 155 million baht to be transferred to the 21 branches in Surin, and the money will later be transferred to clients involved in the rice pledging scheme. Presently, there are 94,000 payments that have been made available to clients of the Surin branches of BAAC, but some of the clients have still not contacted their branches, which the Surin Internal Trade Office has confirmed. Meanwhile, other farmers have continuously brought their warehouse receipts to the BAAC to receive their money from the bank, although their turn to get paid has not yet arrived. The Surin branch of BAAC still owes 6.8 billion baht to more than 70,000 farmers that had joined the scheme. Paddy production in West Bengal hit by floods Namrata Acharya | Kolkata Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  8. 8. Paddy production in West Bengal is likely to be lower by 10-15% this year due to crop damage on account of extended rainfall and floods. Consequently, paddy prices are at a record high level this year, higher than the minimum support price.In 2012-13, the state produced 15.3 million tonnes (MT) ofrice, an increase of 5.5% over the previous year.Overall paddy production in the state is likely to be about 5-10% lower than last year’s production on account of crop damage, according to Pranab Chatterjee, professor at Bidhan Chandra Krishi Viswavidyalaya.“Last year the rainfall persisted till the flowering period, which has dragged down the average productivity,” said Rajoshri Kundu pf Mali Agrotech.Against the normal productivity of nearly five to six tonne per hectare, this year paddy productivity has been no more than 4.6 tonne per hectare.Paddy prices of the commonly sold paddy are ruling at nearly Rs 1400 per quintal, against the MSP of Rs 1310 per quintal. Prices of fine variety is ruling between Rs 1500-1900 per quintal, against the average price of Rs 1500 per quintal. This year, the districts which were affected by floods included high rice-productivity districts of Bardhaman, Hooghly, Birbhum and Nadia. Burdwan, Birbhum, Nadia and Hooghly have the highest productivity and account for about 27% rice acreage and 32% production.Rice production in West Bengal is spread across three seasons---aus, aman and boro. Of these, thekharif rise aus and aman) account for about 70% of the state’s production. Boro Cultivation While Aman or summer crop was damaged on account rainfall, Boro or winter cultivation could be higher on account of high ground level water retention and ample supply of water from Damodar Vally Corporation. “This year Boro rice could be grown over 15 lakh hectare, which against 9 lakh hectare due to good prices and weather condition,’” said Chatterjee.While districts like Bankura, Bardhman and Birbhum are likely to benefit from water supply from Kangsabati and Mayurakshi, areas where lift irrigation is in vogue (Nadia), higher ground level would be beneficial for paddy cultivation, said Kundu. However, high input prices have prompted many small growers to shift to alternative crops.“While acreage for winter crop could be higher than last year, unprecedented rise in cost of electricity, fertilizer, labour and diesel, have prompted many small farmers to go for jute cultivation instead of paddy, said Ramprasad Biswas, Gotra Krishi Samavayi Samiti, Burdwan.“Per unit price of electricity has gone up from 50 paise to Rs 5 per unit in the last four to five years. Similarly, fertilizer and diesel prices have gone up more than three times. On the other hand, rise in paddy prices have not risen proportionately, which paddy cultivation unviable,” said Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  9. 9. Biswas.However, paddy production during the Boro season is about 4.5 million tonnes--minuscule compared to the peak production months.West Bengal accounts for 14-16% of India’s rice production. Nagpur Foodgrain Prices Open- Feb 07 Fri Feb 7, 2014 3:20pm IST Nagpur, Feb 7 (Reuters) - Tuar prices in Nagpur Agriculture Produce and Marketing Committee (APMC) suffered heavily on lack of demand from local millers amid poor quality arrival. Easy condition in Madhya Pradesh tuar prices and release of stock from stockists also pushed down prices, according to sources. * * * * FOODGRAINS & PULSES GRAM * Desi gram recovered in open market on renewed demand from local traders amid tight supply from producing regions. TUAR * Tuar gavarani and tuar Karnataka reported down in open market in absence of buyers amid profit-taking selling by stockists at higher level. Reports about good overseas arrival also pushed down prices. * 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 (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 Gram Auction Gram Pink Auction Tuar Auction Moong Auction Udid Auction Available prices Previous close n.a. 2,600-2,800 n.a. 2,100-2,600 3,900-4,000 4,300-4,380 n.a. 4,400-4,600 n.a. 4,300-4,500 Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  10. 10. Masoor Auction n.a. 2,600-2,800 Gram Super Best Bold 3,800-4,200 3,800-4,200 Gram Super Best n.a. Gram Medium Best 3,600-3,750 3,600-3,750 Gram Dal Medium n.a. n.a. Gram Mill Quality 3,350-3,450 3,350-3,450 Desi gram Raw 3,150-3,250 3,100-3,200 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 6,400-6,600 6,400-6,600 Tuar Fataka Medium 6,000-6,200 6,000-6,200 Tuar Dal Best Phod 5,800-6,000 5,800-6,000 Tuar Dal Medium phod 5,300-5,600 5,300-5,600 Tuar Gavarani 4,000-4,100 4,100-4,200 Tuar Karnataka 4,100-4,200 4,200-4,300 Tuar Black 7,000-7,200 7,000-7,200 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 9,600-9,900 9,600-9,900 Moong Mogar Medium best 8,800-9,200 8,800-9,200 Moong dal super best 8,500-8,800 8,500-8,800 Moong dal Chilka 7,800-8,200 7,800-8,200 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) 7,100-7,400 7,100-7,400 Udid Mogar Medium (100 INR/KG) 5,400-6,200 5,400-6,200 Udid Dal Black (100 INR/KG) 4,500-4,700 4,500-4,700 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. Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  11. 11. 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) 3,000-3,500 3,000-3,500 Rice Parmal (100 INR/KG) 1,800-1,950 1,800-1,950 Rice Swarna old (100 INR/KG) 2,600-2,900 2,600-2,900 Rice Swarna new (100 INR/KG) 2,300-2,500 2,300-2,500 Rice HMT new (100 INR/KG) 3,800-4,200 3,800-4,200 Rice HMT Shriram (100 INR/KG) 4,800-5,000 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) 5,600-5,800 5,600-5,800 Rice Chinnor Medium (100 INR/KG) 5,200-5,500 5,200-5,500 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. 32.5 degree Celsius (90.5 degree Fahrenheit), minimum temp. 15.5 degree Celsius (59.9 degree Fahrenheit) Humidity: Highest - n.a., lowest - n.a. Rainfall : nil FORECAST: Mainly clear sky. Maximum and Minimum temperature likely to be around 34 and 15 degree Celsius respectively. Note: n.a.--not available (For oils, transport costs are excluded Rice, lentil, loose soybean prices rise slightly FE Report Vegetable prices increased while onion prices witnessed further reduction on Friday compared to that of the previous week.Lentil and loose soybean prices increased slightly during the period, rice prices maintained higher trend while other commodity prices were stable, traders said.Prices of many of the vegetables including cauliflower, cabbage, bottle gourd, pumpkin, green banana, turnip, papaya, chick pea, bean, leaf vegetable etc increased this week--- by Tk3-5 at per kg, per piece or at per bunch compared to that of last week.A cauliflower Daily Rice E-Newsletter by Rice Plus Magazine News and R&D Section Cell # 92 321 369 2874
  12. 12. was sold at Tk20-25 per piece which was priced between Tk15-20 last week, retailers at key kitchen markets in the capital said. Prices of brinjal, potato, carrot, tomato, cucumber (khiroi variety), chilli prices were stagnant on the day. Bitter gourd (ustha variety) price witnessed a massive rise as per kg was sold at Tk70-80---a Tk20-25 increase at per kg compared to that of last week."Excluding potato, prices of all the produces increased at farm level which forced traders to raise prices a little bit," Balaram Sarker, a wholesaler at Rayer Bazar in the city said."Per kg papaya costs us Tk7-8 last week which has increased to Tk10-11 this week," he said. Onion prices came down by Tk3-4 at per kg this week and were sold at Tk24-25 (imported) and Tk25-26 (local), traders said.Rice prices maintained a higher trend as coarse rice Swarna varieties were sold at Tk35-36 per, Brridhan28 varieties at Tk40-42 per kg, Miniket at Tk44-50 per kg on the day. Following increase in prices of bottled soybean, loose soybean prices also increased.Per litre was sold at Tk 108-110 this week which was Tk106-108 last week. Prices of lentil were Tk118-120 (Nepalese) and Tk106-108 (local) per kg-Tk6-8 increase at per kg compared to that of last week. For 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