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State
Sept 20,
2014
Sept 13,
2015
Sept 20,
2015
2010-2014
average
Percent
Arkansas
42
41
57
56
California
10
15
Louisiana
92
94
95
95
Mississippi
46
45
59
61
Missouri
24
20
38
Texas
95
93
97
97
Six States
45
44
55
54
Month
Price
Net Change
November 2015
$12.805
- $0.145
January 2016
$13.090
- $0.140
March 2016
$13.310
- $0.130
May 2016
$13.495
- $0.120
July 2016
$13.660
- $0.080
September 2016
$12.905
- $0.040
November 2016
$12.905
- $0.040
Julia Bailey-Serres is a professor of genetics and the director of the Center for Plant Cell
Biology at UC Riverside.PHOTO CREDIT: L. DUKA.
Original draft by Paula Bianca Ferrer, IRRI.
RIVERSIDE, Calif. A team of
scientists from the University of
California,
Riverside and
theInternational
Rice
Research
Institute (IRRI), the Philippines,
recently published a study unlocking
the secret to just how rice seeds
might be able to survive when
grown
under
water.The study,
published in the leading scientific
journal Nature Plants, identified a
gene that controls the availability of
sugar to a growing seed shoot
Rainstorms
have battered coastal areas and the Kingdoms northwest, leaving hundreds of homes flooded
and thousands of hectares of crops underwater, a disaster management official said
yesterday.Battambang province was the worst hit, with at least one death reported and some
roads blocked by floodwaters, according to national and local officials.The storm hit the four
provinces at the coast and four provinces in the northwest, said Keo Vy, cabinet director and a
spokesman for the National Committee for Disaster Management (NCDM).The provinces
nearby the sea are Koh Kong province, Preah Sihanouk, Kampot and Kep province.
The four provinces in the northwest that also flooded are Battambang, Pailin, Banteay
Meanchey and Pursat.Vy attributed the heavy flooding in Battambang to runoff from across the
Thai border.Rainfall and water that flowed down from Thailand caused 757 houses to be
flooded in Kamrieng and Bavel districts, Vy said. The authorities moved nine families to a
place of safety. There were 9,839 hectares of cassava flooded, which might be damaged, and
some roads were cut off.A teenage girl was also reported to have drowned in Battambangs
Bavel district.A 13-year-old girl died this morning when she went to swim under her house
when her mother was not at home, said Sar Sary, chief of Bavel districts Bavel commune.
Her house flooded until the water came up the stairs.Sary went on to say that he was optimistic
that farmers crops now underwater could be saved.We cannot know if their paddies are
damaged because the water started to go down little by little. It would be better if the water went
down quickly, he said. I think if there is no rain for two days, the water will go down
quickly.In Koh Kong province, 245 houses were damaged and six destroyed completely, while
in Kampot province 4,381 families were affected by flooding and 2,291 hectares of rice were
submerged.
http://www.moneycontrol.com/news/business/adani-eyes-5-mt-salesagro-biz-to-expandportfolio_3174821.html?utm_source=ref_article
PTI
Chandigarh, Sep 21: Despite a poor monsoon season this year, with rainfall deficiency being 55 to 60
percent, foodgrain states Punjab and Haryana are looking forward to procurement of 17.2 million tonnes of
paddy this year. Punjab, where the paddy production and procurement is much higher than neighbouring
Haryana, is in fact looking at a much higher procurement than even last year.Food and Civil Supplies
Minister Adaish Pratap Singh Kairon, who met department officers in recent days to finalise
paddy procurement operations, said Punjab was eyeing to procure 13.7 million tonnes of paddy
this year as against 11.8 million tonnes of paddy procured last year (2014).Haryana is expecting
to procure over 3.5 million tonnes of paddy from an expected arrival of 3.6 million tonnes this
year. The procurement in both the states begins from October 1 officially even though the bulk
supplies of paddy are expected to arrive after October 10.
All heads of the state procurement agencies are to personally supervise paddy procurement
operations across the state beginning from October 1 so as to ensure prompt lifting of paddy as
per their allotted share of procurement, Kairon said here.The higher procurement of paddy this
year is being attributed to Punjab farmers preferring non-basmati varieties of paddy instead of
basmati, leading to higher productivity. Only last year, the Punjab government had encouraged
farmers to shift to growing basmati variety of paddy, which is much finer than the common
paddy variety and carries a distinct smell and taste, so that the dependence on common paddy
variety was minimized.
The state government had targeted procurement of over 14 million tonnes of paddy last year but
fell well short of that target owing to lower productivity of the basmati variety. The yield of the
ISLAMABAD: Institute for Policy Reforms (IPR) Managing Director Dr Hafiz Pasha wrote a report
titled An Evaluation of the Prime Ministers Agriculture Relief Package, which finds that cash support
and access to credit would have a positive impact on small farmers.The report questions the timing and
adequacy of cash support, as well as its mechanism. There are concerns about the measures to reduce
input cost and to provide access to credit. Cost of the package could increase fiscal deficit by an estimated
0.4% of the GDP. The report recommends a number of additional incentives to increase effectiveness of
the package like the expansion of the coverage of support prices to rice and cotton, an export subsidy on
rice andreduction in price of light diesel oil (LDO).
With a year-to-year drop of 13% each in price of rice and cotton, cash support for small farmers
was much needed. The government has announced cash support even before full loss has
occurred to the new crop. It is not clear how well the announced compensation reflects the actual
loss to farmers. For example, if the price were to drop by 15%, support of Rs 5,000 per acre
would meet 68% of loss for rice farmers and just 29% for cotton growers, it added.The experts
estimate a price decline of 28% for cotton and 22% for rice in 2016. The report said even within
Lahore - With a year-to-year drop of 13% in price of rice and cotton, Prime Ministers recently
announced cash support of Rs5000 per acre for small farmers would meet 68% of loss for rice
farmers and just 29% for cotton growers.The government has announced cash support even
before full loss has occurred to the new crop.It is not clear how well the announced
compensation reflects actual loss to farmers.Experts estimate a price decline of 28% for cotton
and 22% for rice in 2016.Even within the scale of announced compensation, the amount set aside
for the purpose is inadequate.
The twenty billion rupees provided for rice and cotton each would fall short by 34% and 30%
respectively taking into account the number of small farmers and the acreage.These views were
expressed in a report released by the Institute for Policy Reforms.Dr Hafiz Pasha, the Managing
Director IPR, in his report titled An Evaluation of the Prime Ministers Agriculture Relief
Package welcomed the Prime Ministers relief package for farmers, which was announced at a
time of falling output prices.He said that the package attempted to extend essential support to
agriculture, however, evaluation of the package raises issues about the timing and adequacy of
cash support, as well as its mechanism.
Questions remain also about the measures to reduce input cost and to provide access to credit, he
added.The cost of Prime Ministers relief package for farmers could increase fiscal deficit by an
estimated 0.4 percent of the GDP, however, the cash support and access to credit would have
positive effect on small farmers while other measures may help medium and large farmers.The
report also recommended a number of additional measures to increase effectiveness of the
package and lack of consultation with provincial governments.The report expresses fear that
Once again good intentions may fail to convert to sound deeds and leave the feeling of
unilateral policymaking.This is hardly advisable for strengthening the Federation.
Targeting of benefits would be a challenge.It requires estimating cropping patterns at individual
farm level.This could lead to leakage during disbursement and government must do all to prevent
it from happening.With fertilizer comprising 35% of farm variable input cost, government is
right to target reduction in its price.
The estimated 15% reduction in price of potassium and phosphate also has the potential to
improve the countrys fertilizer mix.Some questions remain, especially with respect to effect on
fiscal operations.The burden of cost to be borne by each province is not clear.The package does
not quantify the fiscal effect of withdrawal of price increase on Urea.If the reduction comes
through reduced GST, the revenue loss would be Rs 10 billion.Similarly, estimate of Rs 7billion
as the fiscal effect of tariff reduction seems incorrect.Its true impact is Rs.10 billion or 43%
higher.
Government estimates GST support by provinces to cost Rs 7 billion whereas it would cost Rs
11 billion, or 57% higher.Continued load-shedding will take away the real impact of reduction in
After prolonged dry spells in July and August, a resurgent monsoon this month is expected to
help farmers during the Rabi season.Deficit rainfall is likely to take its toll on Kharif foodgrains
(rice, pulses and coarse cereals) output which the Agriculture Ministry expects will contract by 2
per cent to 124.05 million tonnes (mt) this year, according to its early estimates released last
week.As of Monday, the rainfall deficit has narrowed to 14 per cent after showers across East
and North-East India.The early monsoon withdrawal appears to have slowed with low pressure
systems moving toward the North bringing more moisture to parts of Rajasthan, Haryana, Punjab
and Uttar Pradesh over the weekend.
Parched areas of Maharashtra also received much needed precipitation, while Gujarats
Saurashtra and Kutch areas recorded steady rainfall.The South Peninsula also received
significant rainfall in the first two weeks of September. This helped narrow the deficit to 14 per
cent from a late-August high of 22 per cent.The resurgence will improve soil moisture in these
areas. Even if Kharif yields fall due to less rain during the monsoon, Rabi prospects appear to be
good. Overall, food inflation is unlikely to worsen, said an Agriculture Ministry
official.According to India Meteorological Department data, 16 out of 36 sub-stations have
reported deficient rainfall between June 1 and September 21. Eastern Uttar Pradesh, Bihar,
Marathwada and the Konkan coast are largely rain-fed and have been hit the hardest.
The normal area during the Rabi season is 61.43 million hectares and important crops grown
include wheat, pulses like chickpea (chana) and gram, mustard and barley. The season accounts
for 51 per cent of the countrys foodgrain output.Rainfall has been forecast for another 10 days.
So, this will help crops in the final flowering stage. Moisture retention in the soil and charged
reservoir levels is a positive sign for Rabi, said a senior official from Indian Agricultural
Research Institute. Kharif crop sowing, of which 97 per cent has been completed, will end this
month.
The two-day annual Rabi Conference, which reviews the performance of the preceding Kharif
and strategises about the Rabi, will be held here from Tuesday. The conference will see Central
and State agriculture officers engaging on preparedness for the season.Six topics, including the
promotion of horticulture and organic farming, more cultivation of pulses and oilseeds in rice
fallows, and ways to tackle agrarian crisis, will be focused on.
(This article was published on September 21, 2015)
Post Comment
http://www.thehindubusinessline.com/economy/agri-business/september-rains-improve-rabioutlook/article7674441.ece
After prolonged dry spells in July and August, a resurgent monsoon this month is expected to
help farmers during the Rabi season.Deficit rainfall is likely to take its toll on Kharif foodgrains
(rice, pulses and coarse cereals) output which the Agriculture Ministry expects will contract by 2
per cent to 124.05 million tonnes (mt) this year, according to its early estimates released last
week.As of Monday, the rainfall deficit has narrowed to 14 per cent after showers across East
and North-East India.
The early monsoon withdrawal appears to have slowed with low pressure systems moving
toward the North bringing more moisture to parts of Rajasthan, Haryana, Punjab and Uttar
Pradesh over the weekend. Parched areas of Maharashtra also received much needed
precipitation, while Gujarats Saurashtra and Kutch areas recorded steady rainfall.The South
Peninsula also received significant rainfall in the first two weeks of September. This helped
narrow the deficit to 14 per cent from a late-August high of 22 per cent.The resurgence will
improve soil moisture in these areas. Even if Kharif yields fall due to less rain during the
monsoon, Rabi prospects appear to be good.
Overall, food inflation is unlikely to worsen, said an Agriculture Ministry official.According to
India Meteorological Department data, 16 out of 36 sub-stations have reported deficient rainfall
between June 1 and September 21. Eastern Uttar Pradesh, Bihar, Marathwada and the Konkan
coast are largely rain-fed and have been hit the hardest.The normal area during the Rabi season is
61.43 million hectares and important crops grown include wheat, pulses like chickpea (chana)
and gram, mustard and barley. The season accounts for 51 per cent of the countrys foodgrain
output.Rainfall has been forecast for another 10 days. So, this will help crops in the final
flowering stage. Moisture retention in the soil and charged reservoir levels is a positive sign for
Rabi, said a senior official from Indian Agricultural Research Institute. Kharif crop sowing, of
which 97 per cent has been completed, will end this month.
Rabi conference
The two-day annual Rabi Conference, which reviews the performance of the preceding Kharif and
strategises about the Rabi, will be held here from Tuesday. The conference will see Central and State
agriculture officers engaging on preparedness for the season.Six topics, including the promotion of
horticulture and organic farming, more cultivation of pulses and oilseeds in rice fallows, and ways to
tackle agrarian crisis, will be focused on.
http://www.thehindubusinessline.com/economy/agri-business/september-rains-improve-rabioutlook/article7674441.ece
The overall rainfall deficit has reduced further to 14 per cent with Central India making major
gains from the current spell where the regional deficit stood revised lower to 13 per cent from the
high teens.Amongst the four broad geographical regions, North-West India stood worst with 20
per cent. South peninsula too has benefited from the latest spell, bringing down its shortfall to 14
per cent.Over East and North-East India, the deficit remains unchanged at eight per cent from
Sunday. The late revival of fortunes was unexpected and in the best traditions of truant nature of
the monsoon.IMD has now joined global models to predict that the ongoing spell would sustain
in various intensities over many parts of the country right until the end of the month.
Heavy showers
Moderate to heavy showers were reported from the plains and foothills of West Bengal, East
Madhya Pradesh and Chhattisgarh, Bihar, Jharkhand, Odisha and the North-eastern States until
the morning.Towards the West and Northwest, a prevailing low over North Gujarat and
adjoining South Rajasthan has been driving rain into Saurashtra and Kutch, Punjab, Uttarakhand,
Gujarat, and Konkan-Goa.Most parts of the country will remain variously wet over the
remaining 10 days of the monsoon, with some heavier showers forecast for the South during the
latter part.Early forecasts suggest that the Bay of Bengal, specifically the Andaman Sea, could
conjure up a low-pressure area towards the last few days of the month with scope for
intensification.
Bay storm?
A storm forecaster model featured by the US Climate Prediction Centre saw this developing into
a likely storm and racing away west-northwest towards the Odisha coast during the first week of
http://www.thehindubusinessline.com/economy/agri-business/monsoon-surge-cracks-open-new-frontover-east-ne/article7674439.ece
harvester plows through a rice field Tuesday, collecting the staple crop at the Gorrill Ranch in
Durham.Emily Bertolino Enterprise-Record
By Heather Hacking, hhacking@chicoer.com, @HeatherHacking on Twitter
POSTED: 09/21/15, 8:55 AM PDT | UPDATED: 2 HRS AGO
Plowing through acres of rice fields. the harvester collects the rice grains and spews then into the bankout
wagon as rice harvest gets underway Tuesday at the Gorrill Ranch in Durham.Emily Bertolino
With blistering weather last week, it was nice for the crew of the Gorrill Ranch to have gray
skies for the first day of rice harvest.About 25 days ago, the water was drained from the fields
and the plants began to dry. In mid summer, at the height of the growing season, the plants are a
vibrant green, a color that stands out against the faded yellow of the valley.Closer to harvest, the
colors dim. Stalks holding rice kernels turn a light beige and flop over with weight. The green of
the stalks also begins to fade.Yet, its not the appearance of the plants that triggers the start of the
rice harvesting engines. The kernels themselves let ranch CEO Danny Robinson know when
theyre ready.The ranch office is a little building dwarfed by the towering round rice dryers
along the Midway.
Close to the door, the ranch workers keep the Motomco moisture meter, a faded and scratched
blue/gray machine that sits on the counter. The machine is tested each growing season for
accuracy.When the first truckload of rice is delivered to the drying area, a worker scoops up a
cup filled with raw rice. The kernels are placed into the Motomco, and a meter gives a
reading.Michelle Pisenti runs a calculation, and comes up with the moisture content of the
grain.Too wet, the workers will cool their engines and wait for the rice to dry more in the
field.Its more cost efficient to let the sun and wind dry the rice than to run the kernels through the
dryers multiple times.Plus, if the kernels dry out too quickly, they can crack, which decreases the
quality of the rice overall.Theres a lot more that can go wrong during the growing season.This
year, availability of water was the primary concern.
Agricultural experts have warned that Vietnam might be overtaken by newly emerging rice exporters such
as Myanmar and Cambodia. Myanmar has two scented rice varieties well known in the world market,
Lone Thwal Hmwe and Paw San. Paw San, considered the most delicious variety now, exported at $900
per ton. Cambodia has Phka Romduol. Meanwhile, Vietnam still does not have any strong brand.Nguyen
Phuoc Tuyen from the Dong Thap provincial Department of Agriculture and Rural Development, warned
that Vietnam will be under pressure as Myanmar and Iran have lifted rice export bans. The Indonesian
government is also considering a self-supply policy, and plans to stop importing rice in coming years.
The country plans to have an output of 36.3 million tons of rice in 2015 and will only import 1.25 million
tons.Meanwhile, other rice exporters have been growing rapidly. Cambodia has positioned its rice
products in the world market with scented varieties such as Phka Romdeng, Phka Romeat and Phka
Rumduol. The country reportedly plans to export 1.1 million tons of high-quality rice this year at high
prices.Vietnamese rice exports find it more difficult to compete with other exporters also because of the
Rice varieties
Dr. Le Van Banh, former head of the Mekong River Delta Rice Institute, Vietnam mostly exports longgrain white rice priced at $350-360 per ton. However, many other countries also export this product.
Vietnam has to compete with India and Pakistan, which are trying to lower export prices.International
press on September 8 reported that the Thai government plans to put 732,806 tons out of 14 million tons
in stocks into auction. Vietnams 5 percent broken rice is priced at $325-335 per ton, while 25 percent
broken rice at $320-330 per ton, which is $15-20 per ton lower than Thai rice of the same kind. If
Vietnam still focuses on exporting long-grain white rice, it will suffer, Banh said, adding that Vietnam
should try to earn more money by selling high-end products instead of making modest money by
exporting high-yield rice.
http://english.vietnamnet.vn/fms/business/141395/vietnam-aims-to-export-high-end--quality-rice.html
Q: How has the policy on limiting agricultural land allocation influenced the development of
agriculture and rice in general in the context of international integration, as Vietnam is about to
join the Trans-Pacific Partnership (TPP) and the ASEAN Economic Community (AEC)?
A: The process of international economic integration in general and TPP and AEC in particular,
with the reduction of tariff barriers, create competitive pressures for Vietnams agriculture.
Instead, countries will focus on using technical barriers and standards in the trade relationship.
Vietnams agricultural products currently have low quality and food safety standards, failing to
meet the requirements of picky markets.One of the main causes of this situation is that the scale
of agricultural land in Vietnam is too small, averaging less than 0.5 hectares per household. The
Q: In the context of fierce regional competition, should Vietnam loosen conditions on rice
exports (Decree 109)?
A: To compete amid rice oversupply and consumers preferring to use high-quality rice, the rice
sector must improve the quality of rice to participate in niche markets which are small but have
high value.
However, Decree 109/ND-CP/2010 and Decision 6139/QD-BCT in 2013 stipulate that to
become a rice exporting firm, an enterprise must meet the following conditions: (i) have at least
one warehouse with a minimum capacity of 5,000 tons of rice and (ii) at least a rice husking
factory with a minimum capacity of 10 tons of paddy per hour.Because of these conditions, the
market only has big and powerful ones and rejects small businesses that dont meet conditions on
warehouses and rice husking factories, although they can produce rice of good quality for export.
Therefore, it is necessary to create conditions to encourage enterprises with vast fields, with
stable raw material areas, large warehouses and husking factories and quality rice to export rice.
In the long term, it is necessary to promote value chain links, support businesses to renew
equipment, build brands, and switch from hand-to-hand contracts to investment partnership
contracts with the importers.
Hoang Huong
http://english.vietnamnet.vn/fms/special-reports/141623/vietnam-rice-loses-to-thailand-andcambodia.html
A pioneering Australian scheme to improve the management of water in the world's driest
inhabited continent is facing its first real test as an intensifying El Nino threatens crops and
builds tensions between farmers and environmentalists.The three-year old management plan for
the Murray-Darling basin, an area twice the size of Spain and home to 40 percent of Australia's
agricultural output, has been lauded internationally and suggested as a guide for drought-hit
California.Forged in the wake of a ruinous 14-year drought, the scheme set up a market-based
water trading system, improved cooperation across state borders and focused on efficient water
usage.
"All of these lessons are appropriate to the United States," said water policy expert Professor
David Feldman of the University of California, Irvine, where the state is suffering from a fouryear dry spell that has threatened agriculture and helped fan severe wildfires this
summer.Australia's Murray-Darling basin encompasses two major river systems in Australia's
DROUGHT PRESSURE
But changes to the Australian plan amid a resurgent El Nino weather pattern have worried
environmentalists who say its reputation and credibility are now at risk.The plan initially met
little resistance in rural areas, but dry weather this year has depleted some dams that store river
water, forcing farmers to accept big cuts in their water entitlements.The loss is particularly hard
for summer crops that rely heavily on irrigation like cotton, rice and sorghum. Australia is the
world's fourth-largest exporter of cotton.Cotton accounts for about A$2 billion ($1.4 billion) in
export earnings, or about 7 percent of total crop earnings, and production is forecast to fall nearly
10 percent in the year to end-June 2016 from last year's five-year low.While the dry weather is
hastening a shift from water-intensive crops like cotton and rice, it has also sparked calls for
changes to the management plan as farmers say too much water is being used for the
environment.While farmers can buy water on market, prices have jumped sharply to more than
A$200 ($145) a megalitre in some regions - well in excess of viable limits for many, who argue
that having to compete with the government has driven up prices.
CAPS AND OVERSIGHT
Australian lawmakers last week nearly halved the amount of water the government can buy from
local farmers, instead giving farmers subsidies to save water that would then be available for
In following up on the issuance of the governments economic policy package last week, the
Trade Ministry will ease export and import regulations to improve the business climate and
ensure national stocks of basic commodities, an official has said. The ministrys deregulation
team head Arlinda Imbang Jaya said at least 32 regulations, mostly ministerial regulations,
would be amended by the ministry through October this year.The ministry will also cut at least
38 export and import permits from the total of 121 permits under the ministry, including four
registered exporter (ET) permits, 21 registered importer (IT) permits and 13 producing importer
(IP) permits. We hope the measure will increase the flow of goods for imports, exports and
domestic trade, as well as ensure the supply of the commodities in the market and therefore
stabilize prices, Arlinda said at a press briefing on Friday.
Indonesia recorded US$6.22 billion in trade surplus in the January-August period of this year,
with total exports and imports slumping by 12.7 percent and 18.96 percent year-on-year (yoy),
respectively. The declining exports and imports have indicated that many industries in the
With the easing, the ministry would also still manage the flow of imports by obliging importers
to uphold the policy to label imported product in Indonesian prior to selling them. (fsu)
http://www.thejakartapost.com/news/2015/09/19/government-ease-permits-required-exportsimports.html#sthash.ExAZSxjh.dpuf
In Dong Thap Province, more than 3,000ha of rice ready for harvest in three districts were flattened,
causing an estimated yield reduction of 10-20 per cent.Despite public pumps being operated around the
clock, rice fields are still inundated and harvest machines cannot be used.At least 90 per cent of Tran Van
Thom's 3ha of OM 4900 rice fields in Tam Nong's Phu Tho Commune were flattened by severe weather
Flattened rice has lost some of its quality, contributing to a drop in price.The Dong Thap Department of
Agriculture and Rural Development has instructed districts and agriculture co-operatives to speed up the
pumping of water out of rice fields and prepare machines to harvest rice when the weather
improves.Farmer Phan Thanh Duc in An Giang Province's Thoai Son District said the water level in rice
fields had increased since Sunday, submerging 100 ha in rice-zoning areas. "If the inundation lasts a long
time, farmers will lose everything," he said.Nguyen Duc Ky, deputy chairman of the Vinh Thanh
Commune People's Committee, said the rice zoning area No1 had seen the most damage.The rice zoning
area No1 had 268ha of rice. The commune had speeded up pumping water out of rice fields to mitigate
damages, Ky said.
In Tan Chau Town's Phu Loc Commune, soldiers in Tan Chau Town's Phu Loc Commune have been
helping farmers harvest the rice submerged under water since Wednesday.About 10,000ha of rice ready
for harvest in An Giang Province are still under water.In Ca Mau Province, rain and winds flattened more
than 3,400ha of rice in Tran Van Thoi and U Minh districts, according to the province's Irrigation Subdepartment.The yield at the rice fields is expected to fall by 30 per cent, according to the subdepartment.Ca Mau's agriculture officials have instructed affected districts to open sluice gates to release
water from rice fields. Local farmers have also been encouraged to use pumps at rice fields.
Myanmars Ministry of Commerce has claimed self-sufficiency of rice, following floods that
wrecked several paddy fields and livestock establishments earlier this month
Myanmar Rice Federation doesn't want to lose out on the rice export market this season and is
working with organisations to ensure exports take place smoothly this year. (Image source:
Zuki/Flickr)
More than 500,000 tonnes of rice are in stock
for the months of October, November and
December, said the ministry. Even though
several rice fields were affected or destroyed,
the Ayeyawaddy region, which is a key rice
producing belt, wasnt affected too badly. The
countrys harvest season is expected to begin
in October. The floods affected more than
1.4mn acres of fields, said local reports.
However, the ministry revealed that around
800,000 acres of paddy fields were destroyed
in Myanmar. Several key roads were also
badly damaged as a result.
Due to the widespread destruction, the Myanmar Rice Federation had imposed a temporary ban
on rice exports until 15 September. However, after assessing the situation, the federation decided
to lift the ban. Myanmars Ministry of Commerce permanent secretary Toe Aung Myint said
Rice prices are forecast to increase by as much as 10% late this year and early next year thanks
to year-end festive celebrations and lower supply.Chookiat Ophaswongse, an honorary president
of the Thai Rice Exporters Association, said rice prices were likely to rise by 8-10% in
December and January, the period that sees most active shipments induced by high demand for
Christmas and New Year celebrations.Nigeria, for instance, will start actively buying parboiled
rice from November.More importantly, he said, Thailand would come up with lower rice
production in the main crop of 23 million tonnes from an earlier forecast of 27-28 million tonnes
of paddy due to drought. "Thai 5% white rice now quoted at US$355-$360 a tonne is considered
low and has possibly reached its bottom," Mr Chookiat said, citing the baht's fall against the US
dollar as another factor behind low rice prices.
He said rice traders mostly agreed that price prospects from now on will become positive, as
indicated by the rice purchase by the Philippines this month.The Philippines' National Food
Authority will buy 750,000 tonnes of 25% broken rice under government-to-government deals at
cost, insurance and freight prices of $426.6 baht a tonne.Of the total, Thailand through the
Foreign Trade Department will supply 300,000 tonnes, while Vietnam will provide 450,000
tonnes. Delivery is due from November until January.Mr Chookiat said purchase demand of
about 500,000 tonnes from Indonesia was expected late this year even though Indonesia has
Thailand lost its No.1 rice exporter status to India in 2012, while Vietnam rose to second place.
Despite a late surge by Thailand, India held onto the title last year, selling 11.3 million tonnes
compared with 10.8 million tonnes for Thailand."We still have to wait for the performance of
India's rice shipments for the remaining months," Mr Chookiat said.As of Aug 17, Thailand had
shipped 6 million tonnes of rice, while India had 5.7 million tonnes. According to Mr Chookiat,
Vietnam is expected to ship only 6.1-6.2 million tonnes this year.
http://www.bangkokpost.com/business/news/700388/festive-period-likely-to-boost-rice-prices
812
812
Riceland Foods
Cash Bids Stuttgart: - - -
Pendleton: - - -
Pendleton: - - -
Futures:
High
Low
Last
Change
865.00
874.25
+7.00
869.25
878.75
+7.25
872.50
882.25
+7.50
876.00
885.00
+7.00
881.00
889.75
+7.00
884.25
889.00
+7.00
880.00
880.75
+7.50
869.75
878.00
+8.25
883.75
+7.75
Jan '17
Wheat
High Low
Cash Bids 393
393
469
Futures:
High
Low
Last
Change
480.50
496.75
+10.00
487.00
504.00
+10.50
494.50
508.75
+10.50
497.00
512.75
+10.50
508.00
521.25
+10.25
517.50
534.50
+10.00
Mar '17
544.75
+9.75
May '17
543.50
+9.75
Jul '17
525.00
+0.25
Grain Sorghum
High Low
Cash Bids 399
345
345
Corn
High Low
Cash Bids 362
332
337
Futures:
High
Low
Last
Change
375.00
384.50
+7.25
386.50
396.00
+7.50
393.75
403.50
+7.50
399.50
409.00
+7.25
395.25
403.75
+7.50
401.50
409.50
+6.75
411.75
419.50
+6.75
425.50
+6.50
429.25
+6.25
May '17
Jul '17 429.25
422.50
Corn Comment
Corn prices started the week on a positive note. The market received some much needed support from
USDA reports of a larges sale to Mexico. This combined with weekly inspections meeting trade
expectations provided support for prices, moving the focus from improving harvest expectations. While
prices remain under pressure, the market seems to have established strong support at lows left after the
August USDA report. Prices are within a dime of last weeks highs and have support near $3.80.
Cotton
Futures:
High
Low
Last Change
59.16
59.75
-0.1
60.1
60.79
0.24
60
60.63
0.11
Cotton Comment
Cotton futures moved to new lows again today before turning around to closed mixed. General economic
concerns continue to pressure prices. With the ending stocks estimate continuing to climb thanks to higher
Rice
High Low
Long Grain Cash Bids - - -
---
---
Futures:
High
Low
Last
Change
1275.0
1280.5
-14.5
1306.0
1309.0
-14.0
1334.0
1331.0
-13.0
May '16
1349.5
-12.0
Jul '16
1366.0
-8.0
Sep '16
1290.5
-4.0
Nov '16
1290.5
-4.0
Rice Comment
Rice futures were lower across the board, but the uptrend remains intact for now. Reports of disappointing
yields across the south coupled with smaller acreage has fueled the recent rally. November continues to
have resistance at $13, while January has resistance at $13.34.
Cattle
Futures:
Live Cattle:
High
Low
Last
Change
136.600
136.725
+0.725
139.300
139.425
+1.050
140.000
140.000
+0.850
138.675
138.675
+0.625
130.175
130.175
+0.375
128.225
128.225
+0.250
131.100
131.325
+0.275
132.525
132.675
+0.400
132.375
132.375
-1.100
Low
Last
Change
194.325
194.725
+1.925
186.750
187.225
+1.400
184.175
184.550
+0.925
178.500
178.650
+0.400
176.450
176.450
+0.175
176.800
176.800
+0.050
176.575
176.575
+0.400
177.500
177.500
+0.400
Feeders:
High
Arkansas Prices
Ash Flat Livestock Auction
Ola Livestock Auction
Springdale Livestock Auction
Oklahoma City
Oklahoma City - Feeder Cattle Auction Weighted Average Report
Cattle Comment
While cattle prices saw sharp gains during this session, prices ended well off of intraday highs. The
market found support from last week's cattle on feed report which showed placements well below trade
estimates. While this is supportive of prices, cattle will need some positive demand news to help prices
maintain gains.
Hogs
Futures:
High
Low
Last
Change
71.050
71.675
+0.625
64.175
65.075
+0.925
68.500
69.200
+0.825
72.100
72.650
+0.550
77.250
77.500
+0.350
80.100
80.550
+0.425
79.450
79.800
+0.350
78.725
78.975
+0.300
67.700
67.750
+0.450
Hog Comment
Shell Eggs
Daily Midwest Regional Eggs
Daily New York Eggs
National Turkeys
Weekly Weighted Average Prices for Whole Young Turkeys
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