19th october ,2015 daily global regional local rice e newsletter by rice plus magazine

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Daily Global Rice e-Newsletter |

www.riceplusmagazine.blogspot.com

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Daily Global Rice e-Newsletter October 19,2015 Vol 5 ,Issue XV

www.ricepluss.com www.riceplusmagazine.blogspot.com

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Rice News Headlines... Rice exporters cry for help

Mandatory jute packaging deadline extended

Oil extraction from rice bran can save Pakistan $ 2.5 billion: UIG

Rice likely to firm up as prices hit bottom, production declines

SENATE SUMMONS COMPTROLLER-GENERAL OF NIGERIAN CUSTOMS TO

EXPLAIN HIS DECISION TO LIFT BAN ON RICE IMPORT

POLICY

Devendra Fadnavis promises to help rice farmers, millers

Pusa 1121 paddy arrives in market, but buyers wary

Iraq Update: Chaos Still Reigns

Chef de Riz Named at International Rice Festival

Crop Progress: 2015 Crop 95 Percent Harvested

CME Group/Closing Rough Rice Futures

Rice Festival packs Crowley streets

Competitors‘ tariffs cost U.S. rice producers 1.3 million tons in exports in 2013

Global body gives green light for food crop genetic search engine

Vietnam's Mekong Delta in desperate shortage of fresh water

Sharp decline in rice trade feared

Basmati prices lower than 2015's, despite PDS purchases

BASMATI RICE EXPORT PRICE TO BOUNCE BACK BY DECEMBER, SAY

EXPERTS

Rice likely to firm up as prices hit bottom, production declines

GI tag sought to preserve uniqueness of basmati

Arkansas Farm Bureau Daily Commodity Report

APEDA Commodity News from India

New Details…

Rice exporters cry for help

| Reap says solar tubewell plan can provide long-term relief to farmers, exporters

October 19, 2015

LAHORE - The rice exporters have asked the government to bailout rice sector which is

collapsing under double whammy of declining prices and harassment by the banks.Rice

Exporters Association of Pakistan newly-elected chairman Muhammad Shafique Ch said that the

rice sector, which makes value addition of over 175pc, generating hundreds of thousands of jobs,

its foreign exchange earnings of over $2 billion continue to suffer, hitting all stakeholders from

growers to millers and exporters.The arrival of new crop has aggravated the situation as around

five hundred thousand tons of rice from earlier crops couldn‘t be sold or exported which is

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rotting in godowns.

Shafique Ch said that the new crop will further imbalance the market resulting in closure of

hundreds of rice mills.The millers are unable to pay bank loans or clear outstanding amount to

the farmers therefore State Bank has extended date of their repayments until June 2016 but banks

continue to harass rice millers to recover Rs30.5 billion loans.According to Reap chairman,

Pakistan‘s rice trade is facing severe challenges mainly due to rising costs of agricultural inputs

and its export may decline sharply during this fiscal year.He said that the rice export, the second

largest earner of the valuable foreign exchange, is continually being neglected by the federal

government.

Shafique Ch said that owing to the high costs of agricultural inputs including fertiliser,

electricity, water and lack of seeds development, Pakistan‘s rice is uncompetitive in international

market, especially the basmati varieties.Presently, Indian rice exporters are offering as low as the

$300 per metric ton price for the basmati rice in the world market.As the prices of Indian rice are

much lower than those in Pakistan, major importing countries and international buyers are

switching to the Indian rice.Shafique Ch said that under the current situation, exporters are not in

a position to buy paddy from farmers because of a shortage of cash flow as their finance limit

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have already been choked.Therefore, the government should take some immediate measures to

support them.The exporters are not in a position to return dues of export refinance facility

instantly, because rice is still in millers‘ stock and financial charges on these stocks are daily

increasing the cost.Shafique Ch said that the government should waive off the bank markup on

the stock of last two years, besides refunding almost $40 million of 1 percent WHT which was

deducted during the last two years period of loss.Moreover, WHT should also be reduced to 0.25

percent in future.

The government should ask SBP to extend Export Refinance payback period and EF-25 based

loans.He suggested the government to provide $200 per metric ton for basmati export, besides

recognising rice sector as industry with zero rated GST and preferential electricity and gas

supply.The government should also expedite pending GST and Income Tax refunds.Reap

chairman said that Prime Minister Nawaz Sharif farmers‘ relief package is appreciable and it was

better if the cash payment should be up to Rs10,000 instead of Rs5000 as per acre loss is around

Rs50,000.It is a short-term solution and this meager amount will not compensate the huge loss of

farmers.However, the solar tubewell plan of the government is good and can provide long-term

relief to farmers if it is implemented properly.The proposed plan will lower input cost of farmers

equalising exporters cost to the regional competitors, helping improve rice export.

The solar tubewells will also save electricity which can be diverted to the industry in future, he

added.The Reap Chairman asked the government to run R&D under public-private partnership

by formulating Basmati Rice Development Board for demand-driven research.The government

may set up state of the art laboratory for rice testing at par with European standards

labs.Presently, super basmati seed is more than 20-year old, resultantly per acre yield has

dropped to 30 maund from 50 maund, besides reducing Average Grain Length.

―We demand that the Rice Research Institute should work on a project to reduce the input cost

and increase the yield and quality of the Pakistani rice so that the cost of paddy will be reduced

and the exporters can compete in the world market.―In addition, to protect the basmati rice

export trade, Pakistan must focus on the markets of Iran and Saudi Arabia since these are the

major importing countries of the basmati rice.A legal and official banking channels should be

developed that can help start the official rice export to the neighboring country of Iran.

http://nation.com.pk/business/19-Oct-2015/rice-exporters-cry-for-help

Mandatory jute packaging deadline extended

Abu Bakar Siddique

The government has extended a deadline, allowing the rice-making sector a few more days to

shift from polythene to jute for packaging.As part of the implementation of the Jute Packaging

Act 2010, which makes use of jute mandatory in packaging across businesses, October 25 was

the last date for the shift.However, considering a request from businessmen, who said they were

not ready, the government has extended the deadline until the end of November, said

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Mohammad Kefaetullah, director of the Department of Jute.The jute packaging act – enacted in

2014 to revive the once leading foreign currency earning sector of the country – considers the

rice-making sector, the rice-millers to be specific, as one of the key focus points.According to the

act, paddy, rice, wheat, maze, fertiliser and sugar must be packaged in jute bags. Violators face a

maximum of one year in jail or a fine of Tk50,000 or both for using non-degradable synthetics to

package commodities.

Kefaetullah said that the government will now go tough against violators; mobile courts have

been operating across the country since June 1 and no violation will be excused after the

November deadline expires.He also said that the rice-millers use around 1.4 million sacks every

year and if only they could be made to switch to jute packaging, the entire situation would

change.Nirod Baran Saha, convener of the Naogaon Rice Millers‘ Association, told the Dhaka

Tribune that they also want to use jute packaging.―But price of rice will go up if we switch to

jute sacks instead of polythene. A 50kg jute sack costs Tk30 more than a polythene sack of the

same capacity,‖ he said.According to the Jute Department, around 750 million jute bags will be

used annually and 50% of the jute production would be consumed locally once the packaging act

is implemented.Bangladesh Jute Mills Corporation (BJMC) believes that the sector will regain

its lost strength overnight if only 20% of the businesses start using jute bags. http://www.dhakatribune.com/bangladesh/2015/oct/19/mandatory-jute-packaging-deadline-

extended#sthash.QmG0J2eF.dpuf

Oil extraction from rice bran can save Pakistan $ 2.5 billion:

UIG October 18, 2015, 9:52 pm

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Islamabad: The country can save 2.5 billion dollars under the head of palm oil import bill if local

production of edible oil seeds is promoted, a business leader said today. The oil import bill is set

to rise as the population is increasing with a fast pace which will hurt forex reserves therefore

government should promote edible oil sector to make country self-sufficient, said Chairman of

the United International Group Mian Shahid.Pakistan remained self-reliant in the edible oil

sector for long but the sector declined due to apathy of the authorities and now national

production stands one-third of the demand, he said. The planters are on the mercy of buyers due

to lack of government intervention and absence of a support price mechanism, he said.

Mian Shahid said that proper attention, good seed varieties, cheap inputs, latest technology and

incentives can increase area under cultivation which will turn this sector around.Primitive oil

mills are wasting hundreds of thousands of oil seed during extraction process while thirty

thousand tonnes of oil can be extracted from the rice bran which needs attention of the private

sector. Per capita use of edible oil in Pakistan stands at 13 litres while its usage is increasing by

three percent per annum.Modern refineries can improve extraction and quality of edible oil while

providing improved revenue to the government.

http://nation.com.pk/business/18-Oct-2015/oil-extraction-from-rice-bran-can-save-pakistan-2-5-billion-

uig

Rice likely to firm up as prices hit bottom, production declines By Prabhudatta Mishra Oct 18 2015

Tags: Commodities

Thai rice exporters association data show benchmark Asian price is at seven-year low

Among the few agriculture commodities that may have good prospects next year, rice could be

one. Reason: global inventories are set to fall as production in the second largest exporter,

Thailand, is estimated to be at 19-year low.In India, the benchmark Pusa 1121 basmati variety is

currently quoted at about $750 a tonne compared with about $1,150 a tonne year ago. Prices of

Thai 5-per cent broken white rice, a benchmark in Asia, declined 16 per cent this year to $350 a

tonne between January and September.

The scope for a further decline in prices in Thailand and India is limited because global stocks

are also falling, said Vijay Setia, a former president of all-India rice exporters association.But

rice prices in the US have surged in recent times due to adverse weather conditions. Rough rice

futures in Chicago is up 22 per cent during the July-September quarter. The trend may continue

as production in the US is likely to dip by 14 per cent in 2015-16 (August-July) crop year to

18.95 billion pounds, according to the US department of agriculture.The rice prices the world

over take cues from the Chicago futures market though the US is not a big producer like China or

India. China produces about 20 times more than the US, but the latter is estimated to be the

world‘s fifth-largest shipper in 2015-16 with a 42 per cent increase over last year.

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Global stockpiles of rice are seen to fall for a third consecutive year. Production in Thailand may

fall because of dry weather induced by El Nino causing the global output to drop for the first

time since 2009-10 even as demand grows for the sixth year, USDA data show. According to the

USDA, total output in the world will drop to 475.8 million tonne from 478.6 million tonne in

2014-15.The Thai rice exporters association data show that the benchmark Asian price is at a

seven-year low. As the world looks to Thailand, production in the south-east Asian country may

decline to as low as 22.98 million tonne in 2015-16, down by 30 per cent, from over 32 million

tonne a year earlier. Thai farmers have reduced planting areas under rice at the advice of the

government, which is concerned about depleting water reservoir levels.

In India, as basmati is a benchmark in the nation‘s exports, the government swung to action

when its prices fell below the minimum set rates.Basmati is a long grain aromatic rice grown for

many centuries in the specific geographical area, at the Himalayan foothills of the Indian sub-

continent, blessed with characteristics extra-long slender grains that elongate at least twice of

their original size with a characteristics soft and fluffy texture. Delicious taste, superior aroma

and distinct flavour make basmati rice unique among other aromatic long grain rice varieties,

according to Apeda.Agro-climatic conditions of the specific geographical area as well as method

of harvesting, processing and ageing attribute these characteristic features to basmati rice, Apeda

said.

If basmati prices fall below the minimum support price, why shall farmers grow? Until now,

export earnings from basmati had been about 40 per cent more than from non-basmati varieties.

In terms of volume, the shipments of

basmati are about half of non-basmati or even 60 per cent lower.In India, basmati rice is

cultivated in about 1.9 million hectares of land in Punjab, Haryana, western Uttar Pradesh,

Uttarakhand, Himachal Pradesh and three districts of Jammu and Kashmir. Pakistan is the only

other country where basmati rice is grown.India exported 3.70 million tonne of basmati rice

valued at Rs 27,597.87 crore during 2014-15 (April-March). Saudi Arabia, Iran, the United Arab

Emirates, Iraq and Kuwait are some of the major buyers of Indian basmati. India accounts for 65

per cent of the world basmati rice trade, and Pakistan the rest, according to Apeda data.

Currently, farmers in Haryana are selling Pusa 1509 variety at Rs 1,550 per quintal and Rs 1,350

in Punjab. The prices in Haryana improved only after FCI started buying the grain. Upset over

the falling basmati rice prices, farmers in Punjab have sought Rs 4,500 per quintal rate for Pusa

1509 variety and Rs 5,000 per quintal for Pusa 1121.

[email protected]

http://www.mydigitalfc.com/commodities/rice-likely-firm-prices-hit-bottom-production-declines-080

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SENATE SUMMONS COMPTROLLER-GENERAL OF

NIGERIAN CUSTOMS TO EXPLAIN HIS DECISION TO

LIFT BAN ON RICE IMPORTPOLICY Hadassah Egbedi

PUBLISHED

October 19, 2015In a bid to reduce the surge in the smuggling of rice through land borders, and

also to facilitate the resuscitation of domestic industries, the Federal Government imposed a

banon rice importation four years ago. Smuggled imported rice was seen as a major threat to the

development of Nigeria‘s rice sector; while a 50kg bag of smuggled rice costs about N7000 then,

which is about $35 now, locally produced rice costs way higher – about N12,000 ($60).Two

weeks ago, Colonel Hameed Ali, Comptroller-General of Customs, ordered the removal of rice

from import restriction list, and also re-introduced import duties at land borders, stating that the

decision to ban rice was not an effective measure as people have found other means of

smuggling the product.

According to Mr. Wale Adeniyi Public Relations Officer of customs, the new measures will

enable the Nigerian Customs Service (NCS) ―reorganise their anti-smuggling operations in the

border areas and also ensure that all those importers through the borders bring their rice through

approved routes and pay their extant duty.‖Following this announcement, the National Rice

Millers Association of Nigeria, NRMAN, criticised Colonel Hameed Ali stating that he erred in

his decision to lift the ban on importation of rice through the land borders. Mohammed

Abubakar, Chairman of NRMAN said the NCS ―overreached its statutory mandate as an

enforcement agency in taking such a policy decision.‖Mr. Abubakar said, the success of the

custom‘s decision would destroy Nigeria‘s rice value chain attained by the previous

administration. ―First of all, the customs does not have the power to do that, it is a matter of

national policy and customs do not make national policy.

‖ He further said that the decision was an attempt by the customs to legitimise the smuggling of

rice, ―Anyone who gives such directive has smuggling intentions.‖Mr. Abubakar promised that

NRMAN would ensure the customs see patriotic reason and rescind the decision. And he very

well may have done that as the Senate ad hoc Committee on Rice Waivers recently

summoned Col. Ahmed Ali (rtd), to explain his decision to lift the ban on the importation of rice

through the land borders.

In a motion moved by Senator Adamu Aliero, he reiterated the statement of Mr Abubakar,

saying the Comptroller-General did not have the power to unilaterally lift the ban, adding that the

action would undermine local production of rice by Nigerian farmers. Senate President, Bukola

Saraki, was in agreement, he stated that as long as policies could suddenly be reversed ‗in this

manner‘, promoting local production would remain an illusion.Prior to the implementation of the

policy by the government in 2011, smugglers strove to evade the 20 percent customs levy, and

therefore sold at a cheaper market price, or below market price, making business bad for genuine

importers and local rice farmers. But the implementation of the ban created a level playing field

for both local rice producers and genuine importers, thereby increasing the value chain of

Nigeria‘s number one staple food over the last few years.

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http://venturesafrica.com/senate-summons-comptroller-general-of-nigerian-customs-to-explain-his-

decision-to-lift-ban-on-rice-importation/

Devendra Fadnavis promises to help rice farmers, millers

Gopu Pimplapure,TNN | Oct 19, 2015, 03.58 AM IST

BHANDARA: Indian paddy growing farmers and rice mill owners have to opt for the latest

technology if they want to remain competitive at national and international level, said chief

minister Devendra Fadnavis while inaugurating the Rice Milling Expo at Gondia on

Sunday.Fadnavis lauded Gondia District Rice Millers Association for organizing the expo at

Circle Ground and said decentralized paddy purchase policy of Government of Madhya Pradesh

and Chhattisgarh has largely benefited paddy farmers and rice millers. He said Maharashtra, in

consultation with central government, will take positive decisions to help paddy growing farmers

and rice millers out of the present turmoil in a fortnight.He said the state is mulling reduction in

electricity tariff as demanded by industrialists in Vidarbha and Marathwada, and state may give

bonus to farmers in some other form. He also announced special workshop for both stakeholders

with agriculture experts and professors in agriculture universities to benefit farmers and rice

millers by introducing new technology.

http://timesofindia.indiatimes.com/city/nagpur/Devendra-Fadnavis-promises-to-help-rice-farmers-

millers/articleshow/49445109.cms?

Pusa 1121 paddy arrives in market, but buyers wary Rice millers are yet to sell a large quantity of old stock

Pusa 1121 paddy being dried in Fazilka. Tribune photo

Praful Chander Nagpal

Fazilka, October 18

Even as the Pusa 1121 variety of basmati has started arriving in one of the largest grain markets

of the Northern region in Fazilka, the purchase is yet to begin. Rice mill owners, who are bulk

buyers of the variety, are hesitant about purchasing basmati due to huge financial losses incurred

last year, due to low prices of basmati in the international market.―It will not be viable for rice

millers to offer more than Rs 1,700-1,800 per quintal to farmers to meet the input cost to run

their mills as the exporters have announced the price of fresh basmati rice as Rs 3,700 to 3,800

per quintal,‖ said Ranjam Kamra, spokesman, Basmati Rice Millers Association, Punjab.There is

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apprehension among rice millers as a large quantity of old stocks is yet to be liquidated.On the

other hand, farmers are also worried about the proposed prices of their produce.

Sources said fresh basmati paddy fetched only Rs 1,700 to 1,900 per quintal in other markets of

the state. ―The farmers should be offered at least Rs 2,500 per quintal to make the cultivation of

basmati viable and to promote diversification,‖ said Om Singh of Pakka Chisti village, who is

sitting in the market for the last one week awaiting auction.The sources said farmers were trying

to delay bringing their produce to the market in hope of getting remunerative price. Although the

state government has announced MSP of all varieties of paddy to be Rs 1,450, the aromatic 1121

variety is sold on higher rates.The economy of the district, particularly Fazilka and Jalalabad

subdivisions, is largely dependent on rice trade in the absence of any other industry in this border

belt. Paddy is sown in about 97,000 hectares (basmati in 72,000 hectares and parmal in 25,000

hectares) in the district.The farmers and rice millers have demanded that the Centre should

introduce an export policy to save its patent product of basmati.

http://www.tribuneindia.com/news/punjab/pusa-1121-paddy-arrives-in-market-but-buyers-

wary/147796.html

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Iraq Update: Chaos Still Reigns

BAGHDAD, IRAQ -- Monday, October 19, 2015

Amid reports of corruption

centered around rice tenders conducted by the Iraqi Minister of Trade (MoT), USA Rice has

learned a court order was issued over the weekend to arrest the Iraqi Trade Minister and his

brother to be investigated for corruption. It remains unclear how this latest shake up will affect

the pending or future tenders. A new tender that was to be announced today has been postponed

and, according to the Director General of the Grain Board of Iraq, a new tender will be issued

either later this week or next regardless of this new situation.USA Rice President & CEO Betsy

Ward said, "At this point, USA Rice will await further guidance from our consultant and the U.S.

Embassy in Baghdad before proceeding with plans for a visit by members of the Ministry of

Trade or the Grain Board."

Contact: Jim Guinn (703) 236-1474

Chef de Riz Named at International Rice Festival

CROWLEY, LA -- Competition was fierce at the 79th annual International Rice Festival's Rice

and Creole Cookery Contest sponsored by USA Rice last Friday. Hometown standout Jill

Villejoin won the title of Chef de Riz (cooker of rice) based not only on her cooking expertise

but also her rice knowledge, including the nutritional value, cooking qualities, and types and

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varieties. Overall winners from the rice-dish categories, called tri-color winners, included: Khloe

Pitre of Dry Creek, children's division and Junior Chef de Riz winner; Kallie Pitre of Dry Creek,

intermediate division; and Victoria Armentor of New Iberia, teen division. The contest is an

opportunity for youth and adults to showcase the many ways that rice can be incorporated into

the family diet. "The Volunteers for Family and Community Club (VFC) appreciate the annual

support of this contest by USA Rice," said Letha Vincent, contest organizer and Rice and Creole

Cookery Contest Chairwoman.

Contact: Randy Jemison (337) 738-7009

From left: Randy Jemison (USA Rice), Victoria Armentor, Jill Villejoin,

Kallie Pitre, Khloe Pitre, and Letha Vincent

Crop Progress: 2015 Crop 95 Percent Harvested

WASHINGTON, DC -- Ninety-five percent of the nation's 2015 rice acreage is harvested, according to today's U.S.

Department of Agriculture's Crop Progress Report.

Rice Harvested, Selected States

Week Ending

State Oct 18,

2014

Oct 11,

2015

Oct 18,

2015

2010-2014

average

Percent

Arkansas 90 93 96 91

California 81 65 90 57

Louisiana 100 100 100 100

Mississippi 89 91 98 95

Missouri 77 85 90 86

Texas 100 100 100 100

Six States 90 88 95 87

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CME Group/Closing Rough Rice Futures

CME Group (Prelim): Closing Rough Rice Futures for October 19

Month Price Net Change

November 2015 $12.105 - $0.005

January 2016 $12.390 - $0.010

March 2016 $12.665 - $0.015

May 2016 $12.905 UNCH

July 2016 $13.100 + $0.010

September 2016 $12.415 + $0.050

November 2016 $12.415 + $0.050

Rice Festival packs Crowley streets

KLFY NewsroomPublished: October 16, 2015, 11:18 pm Updated: October 16, 2015, 11:20 pm

The streets of Crowley were packed for the 79th International Rice Festival.The annual Rice

Festival continued with lots of music and fun.Guests enjoyed tons of food, a rice cooking contest

and the famous international rice eating contest.T-Rouge Mouton told KLFY the rice eating

contest is one of his favorite events.―Today I was actually in that contest and I came out second.

I ate 19 scoops of jambalaya.‖‖The Rice Festival is the oldest and largest agricultural festival in

Louisiana.Mouton has been coming to the festival since he was a little boy.He says the Cajun

atmosphere is what keeps him coming back each year.―You have a good time and you got

amazing food and a good atmosphere for a Cajun. I‘m from Crowley and that‘s where you come

to have some of the best times of your life.‖‖ Adds MoutonThe festival is held each year to pay

tribute to the rice industry, one that has played a major role in the success of southwest

Louisiana.Gina Klumpp who owns P&G‘s Snack Wagon told KLFY ―We want to give

everybody a taste of Gueydan, Cajun cooking… The food is always a main attraction.‖A Parade

will be held Saturday afternoon, which will feature more than 100 units.

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http://klfy.com/2015/10/16/rice-festival-packs-crowley-streets/

Competitors’ tariffs cost U.S. rice producers 1.3 million tons

in exports in 2013 Oct 18, 2015Forrest Laws | Delta Farm Press

―What we found is that the policies that have the greatest impact on U.S. production and exports

are tariffs,‖ said John Giamalva, one of the analysts for the International Trade Commission. ―If

global tariffs had been eliminated on rice in 2013, both U.S. production and exports would have

increased by about 1.3 million metric tons that year.‖

Most of the world‘s rice-producing and consuming countries have tariff regimes to encourage

domestic production and protect their milling sectors. The tariffs range from a relatively benign

15.2 percent on average for Venezuela to 322.4 percent for Japan.So what would happen if all of

those countries eliminated their tariffs and allowed rice to flow freely into their countries? Would

it make any difference for U.S. rice producers, millers and exporters?

Analysts with the U.S. International Trade Commission in Washington conducted a study of the

competitiveness of the U.S. rice industry and of other factors impacting global rice trade. Three

members of their team reported on those findings during the latest in the University of Arkansas‘

Division of Agriculture‘s Food and Agribusiness Webinar series.―What we found is that the

policies that have the greatest impact on U.S. production and exports are tariffs,‖ said John

Giamalva, one of the analysts. ―If global tariffs had been eliminated on rice in 2013, both U.S.

production and exports would have increased by about 1.3 million metric tons that year.‖A

number of foreign governments have accused the United States of subsidizing its farmers, in

recent years. Brazil brought such a case against the U.S. cotton program to the World Trade

Organization in 2004 and won. But the facts are the U.S. provides far less in subsidies and much

lower tariffs on agricultural imports than its competitors.

Analysts for the International Trade Commission looked at six types of government policies to

assess the impacts of these Government policies on both U.S. and global rice production,

consumption and trade. ―Actually what we considered was the removal of these six types of

Government policies by category,‖ says Giamalva. ―And although most of the report focused on

long grain white rice, the model that we used here, which is the rice flow modeled developed at

the University of Arkansas, considers long grain, medium grain and aromatic rice at paddy rice

stage, at brown rice, and also at the mill rice stage .The increase of 1.3 million metric tons if

tariffs had been removed in 2013 is out of a base production of about 6 million metric tons and

exports of 3 million metric tons for the U.S. rice sector. Internationally, with 450 million metric

tons of rice produced annually, the impact would have been minimal.

―The reason the tariff elimination would have had the greatest impact on U.S. production and

exports is because many countries in the world have very high marginal tariff rates on rice,‖ said

Giamalva, noting the countries highlighted in the study have marginal tariff rates on rice of 15

percent and more, including China, India, Indonesia, Philippines and Vietnam. ―Most of the

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impact would have been on medium grain rice because those countries that predominantly

consume medium grain rice, Japan and South Korea, have the highest marginal tariff rates on

rice. Now this is not their maximum tariff rate on rice; this is the average marginal tariff rate on

rice. So therefore if those were eliminated, most of the increase in production and consumption –

production and trade would have been in medium grain rice.

To watch the International Trade Commission analysts presentation,

visithttp://www.uaex.edu/farm-ranch/economics-marketing/food-agribusiness-

webinars/posts/10-07-10-usitc-rice-study.aspx

For more information on the University of Arkansas‘ Food and Agribusiness Webinar Page,

visit http://www.uaex.edu/farm-ranch/economics-marketing/food-agribusiness-webinars/ http://deltafarmpress.com/rice/competitors-tariffs-cost-us-rice-producers-13-million-tons-exports-2013

Global body gives green light for food crop genetic search engine ABC Rural

By Clint Jasper

PHOTO: A new global index of food crop genetics will help researchers breed better crop varieties that could help tackle hunger

and poverty in the developing world.(Clint Jasper)

MAP: Adelaide 5000

Government agencies and non-

government organisations hope an

online, easy to search database of food

crop genetics will be an important tool

in addressing hunger and poverty in

developing nations.The 139 signatories

to the International Treaty on Plant

Genetic Resources for Food and

Agriculture gave the project, known as

the Global Information System (GLIS),

the green light at a meeting in Rome

recently.Media player: "Space" to play,

"M" to mute, "left" and "right" to seek.

00:00 00:00

AUDIO: The International Rice Research Institute's Ruaraid Hamilton and Australia's chief

plant protection officer, Dr Kim Ritman explain the importance of a new, virtual gene

library(ABC Rural)

The Treaty's governing body, chaired by Australia since 2013, hopes establishing a search-

engine for food crop genetics will speed up research efforts aimed at breeding and developing

higher yielding crop varieties with new traits like salt, drought and heat tolerance.The first

contribution to the project has already been made by the Philippines-based International Rice

Research Institute."One of the key design features of the system is that it will not attempt to

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create a copy of all the information that's out there into one database," said Institute head of

genetic resources Ruaraid Sackville Hamilton."Rather the GLIS will be an index that points

users in the direction of the many databases that already exist around the world, without

replacing them.

It is a bit like the search-engines Google or Bing, they are indexes of information held on other

people's websites."

Ruaraid Hamilton, International Rice Research Institute

"It is a bit like the search-engines Google or Bing, they are indexes of information held on other

people's websites."The famous Svalbard Global Seed Vault in Norway, and other similar genetic

repositories, such as a facility in Horsham, Victoria, will be asked to provide public access to

digital information about the genetics held in their collections.Many gene banks contain rarely

used, low yielding varieties of major food crops, like wheat, barley, rice and corn, however these

rare species can often contain useful genetic traits, like disease resistance, drought or frost

tolerance.Mr Hamilton said by creating an index of information about these traits will help

researchers breed better varieties."If you can transfer specific desirable plant characteristics from

the old varieties into the new varieties, then you create something that's better than the best."That

is the primary way in which we help developing countries.

"In making the initial contribution to GLIS, the International Rice Research Institute has

'exposed' its central index, and now researchers, breeders and farmers from across the globe can

search for new genes and the traits they express for their breeding programs and

projects.Australia has contributed over $1.5 million to the Treaty since 2009, according to the

Department of Agriculture and Water Resources.The department's chief plant protection officer,

Dr Kim Ritman said the Treaty had advanced significantly under Australia's leadership, and the

approval to get GLIS underway was a significant milestone."Australia has been instrumental in

the Treaty since it was established in 2004, and we have put in roughly about $1.5 million since

2009," Dr Ritman said."Australia sees this as really important because we want to share the

information stored in our national genetic resource centres in Horsham and Adelaide, and in

return we get access to genetic information from around the world." Topics: community-development, wheat, rice, research, research-organisations, genetics, adelaide-5000,sydney-

2000, brisbane-4000, darwin-0800, hobart-7000, melbourne-3000, perth-6000

http://www.abc.net.au/news/2015-10-20/virtual-gene-bank-gets-green-light/6864776

Vietnam's Mekong Delta in desperate shortage of fresh

water TUOI TRE NEWS

Updated : 10/17/2015 16:08 GMT + 7

The Mekong Delta of Vietnam with wide system of rivers and canals interlacing

has been in a desperate shortage of fresh water for cultivation in the coming rice

season.

| 17



The General Department of Irrigation under the Ministry of Agriculture and Rural Development

held a meeting on Friday in the local province of Ben Tre to discuss solutions to deal with the

circumstance.Dang Van Dung, vice director of the Southern Hydrometeorology Station, told the

meeting that the raining season in Vietnam came around two months late this year and raining

has not occurred evenly over the region.The water level upstream Mekong River from May this

year has been lower than the average level, and at some points 1 – 2 meters lower than the lowest

level recorded before.The low rainfall certainly incurs sea water reaching deeper into rice fields

and other farming land in the mainland.

A representative of the Southern Institute of Water Resources Research remarked that the

penetration of sea water onto farming land this year may be more serious due to low fresh

water.Dung added the average temperature from May to October this year was 1 – 1.8 degree

Celsius higher the same period of previous years, he added.The total rainfall during the first nine

months this year in the south reached averagely 600 – 1,500mm, down 20 – 50 percent compared

to the same time of previous years.Especially, the total rainfall measured at stations on Mekong

River during the first four months of this raining season – from June to September – was 30 – 50

percent lower than the same time of the last few years.

Dung predicted that the total rainfall in the south from October 2015 to April 2016 will be 20-40

percent less than the average level in previous years.At the same time, the average temperature

will likely be 0.5 – 1.5 degree Celsius higher than before.Nguyen Thanh Can, director of Tien

Giang Department of Agriculture and Rural Development, said 2,000 hectares of rice field in the

locality have been damaged by sea water.The other province in the Mekong Delta, Hau Giang

has 5,000 out of 75,000 hectares of rice field damaged by sea water.Ben Tre Province has 6,500

hectares of farming land badly affected.

http://webcache.googleusercontent.com/search?q=cache:8Tx_ZZYD43UJ:tuoitrenews.vn/society/31044/v

ietnam-s-mekong-delta-in-desperate-shortage-of-fresh-water+&cd=1&hl=en&ct=clnk&gl=pk

| 18



Sharp decline in rice trade feared

Friday, October-16-2015

Pakistan's rice trade is facing severe challenges due to rising cost of agricultural inputs and its

export may decline sharply during this fiscal year. Noman Ahmed Shaikh, Senior Vice

Chairman, Rice Exporters Association of Pakistan (REAP) has said that rice export trade, the

second largest earner of valuable foreign exchange for the country, is continually being neglected

by the federal government."Owing to high cost of agricultural inputs including fertiliser,

electricity, water and lack of seeds development, Pakistan's rice is uncompetitive in international

market especially Basmati varieties," he added.Presently, Indian rice exporters are offering as

low as $300 per Metric Ton price for Basmati rice in the world market. As the prices of Indian

rice were much lower than Pakistan, major importing countries and international buyers were

switching to Indian rice, Noman informed.

"We have rice stocks of some 0.5 million tons rice, having a value of more than a billion dollar,

of previous year's crop, while new crop paddy arrival is expected in the market by October-end,"

he said, adding that it was an alarming situation for the rice trade as previous stocks were still

lying in the godowns and new crop would arrive in next two weeks, resulted in losses to the

growers."In the current situation, exporters are not in a position to buy paddy from growers due

to shortage of cash flow as their finance limit have already been choked.It believed that rice

growers will not get a good price of their commodity due to availability of previous stocks in the

market, therefore the government should take some immediate measurers to support the

growers," senior vice chairman REAP demanded.

"We (exporters) are even not in the position to pay back dues of export refinance facility

instantly because rice is still in millers' stock and financial charges on these stocks are daily

increasing the cost," he mentioned.Noman said that in order to save the rice stocks from

pesticides, it needed regular fumigation to avoid damage of commodity, resulted in an additional

burden on the exporters.He said last month Prime Minister of Pakistan Nawaz Sharif convened a

high-level meeting with all leading exporting sectors including rice.During that meeting former

chairman REAP Rafique Suleman presented a detailed proposal to protect the growers as well as

exporters from huge losses, however unfortunately none of demand is so far accepted. "Our

major demand is withdrawal of 3.5 percent withholding tax on local purchase of rice and

repayment of Export Refinance loans in 360 days instead of current 180 days," he

mentionedSenior Vice Chairman REAP said rice export sector was the only sector which had

shown the outstanding performance during a very short span of time of 10-12 years by massive

surge in the export.

With the struggle and efforts of rice exporters, Pakistan's rice export has reached near $2 billion

by end of FY15, compared to only $300 million in FY05."We assured the federal government

| 19



that the implementation on the REAP's suggestions not only save the growers and exporters from

huge losses but also help to expand rice exports to over $4 billion within next three years,"

Noman said.He proposed subsidy on agricultural inputs such as seed, water, diesel, electricity,

besides measurers to enhance the per acre yield."We demand that Rice Research Institute should

work on a mage project to minimise the input cost and increase the yield and quality of Pakistani

rice, so that cost of paddy will be reduced and exporters can compete in the world market.In

addition, to protect Basmati rice export trade, Pakistan must focus on the markets of Iran and

Saudi Arabia, as these are the major importing countries of Basmati rice.In this regard legal and

official banking channel should be developed that can help to start official rice export to

neighbouring country Iran, which has already lifted a ban on the commodity import from

Pakistan," he suggested.

News Source News Collated by

PAKISSAN.com

http://pakissan.com/english/news/newsDetail.php?newsid=29987

Basmati prices lower than 2015's, despite PDS purchases

Prices rise to Rs 1,400-1,500 per quintal after PDS purchases, lower than Rs 2,500 per quintal

last year

Vijay C Roy & Sanjeeb Mukherjee | New Delhi October 20, 2015 Last Updated at 00:29 IST

Basmati rice exporters in a fix over falling pricesBasmati

exporters' realisations down 18%Lifting of Iran sanctions

boon for basmatiBranded basmati sales to touch 2.9

mtFarmers unlikely to raise basmati acreage. Procurement

of basmati rice by state agencies from Punjab and Haryana,

along with normal paddy this year, has not yet improved the

market sentiment, with traders reluctant to quote a price

higher than that offered by the state agencies.Though early

days, data sourced from Punjab State Agricultural

Marketing Board shows that till Friday, around 2.4 million tonnes of paddy had been procured

by state agencies, of which basmati rice was 0.15 million tonnes. In Haryana, of the 2.4 million

tonnes of paddy, less than 20 per cent was basmati rice.Before central government intervention,

Pusa 1509 basmati was selling at Rs 900-1,100 per quintal, which has now risen to Rs 1,400-

1,500 per quintal, but it is less than the Rs 2,500 per quintal a year ago.―We are yet to get the

price we were getting last year,‖ Gurmeet Singh, a farmer from the Mohali district of Punjab told

the Business Standard.

| 20



He said the government intervention had helped them to some extent but not what they were

anticipating as of now.―Before government intervention, basmati prices were sold at Rs 900 per

quintal. As the state agencies stepped up the procurement process, the farmers were benefited by

Rs 300-400 per quintal,‖ Singh added.Another problem which some traders pointed out with

Pusa 1509 is that, rice recovered from it after milling is less than normal paddy, hence,

realisation is still lower.

As compared to normal rice, a quintal of Pusa 1509 gives around 52

per cent rice after milling, while in normal rice it is 67 per cent.Last

month, as prices of basmati, especially Pusa 1509, fell sharply, the

Centre allowed the state procurement agencies of Punjab and Haryana

to buy this paddy variety as Grade A at the minimum support price

(MSP) of Rs 1,450 per quintal — the same MSP as non-basmati.In

Punjab and Haryana, bulk of paddy is procured by the state agencies

on behalf of Food Corporation of India (FCI) annually. Data from

FCI show till Friday, 2.9 million tonnes of rice have been purchased by

FCI either directly or through the state agencies from across the

country in the 2015-16 crop marketing season that started from

October, which is 0.93 million tonnes more than last year.The increase

mainly has been due to higher procurement in Punjab and Haryana.

Business Standard

BASMATI RICE EXPORT PRICE TO BOUNCE BACK BY

DECEMBER, SAY EXPERTS October 17, 2015 | 2:48pm IST.

Average export price of basmati rice declined to $929 per tonne during April-August 2015 from

$1,415 per tonne a year ago

Deepak Kumar | The Dollar Business

Even though the realisation from basmati rice exports is shrinking to a record low, industry

experts hope that the prices would bounce back by early December primarily due to an increase

in demand from the Middle East and Iran.―Reliasation is not as high as it should be. It is

definitely lower than the last year. There has been a slowdown in Iran as far as importing price is

concerned. Once new orders start coming in from Iran and Saudi Arabia, basmati exports value

will increase. We expect its price to go up by early December,‖ R Sundaresan, Executive

Director of All India Rice Exporters Association (AIREA), told The Dollar Business.Even

though the volume of basmati rice exports increased by 16.92% during April-August this fiscal,

its exports in value terms declined by 23.15% over the same period last year.During this period,

India exported about 16.78 lakh tonnes of basmati rice worth $1.56 billion (over Rs.9.9 thousand

crore) as compared to 14.35 lakh tonnes worth 2.03 billion (Rs.12.18 thousand crore) during the

corresponding period of 2014-15.―There are a lot of rumors in the market but our data shows that

domestic production and exports are more or less same as last year. There has been a little

| 21



slowdown in basmati rice demand in Iran, but that shortfall has been compensated by an increase

of demand in Saudi Arabia. The balance is maintained,‖ Sundaresan said.Despite a surge in

export volume by as much as 2.43 lakh tonnes, its overall relaisation remained less by a

significant margin.The drop in realisation was attributed to lower average price of basmati rice,

which declined to $929 per tonne during April-August 2015 from $1,415 per tonne a year ago.

The slowdown was triggered by several domestic as well as international factors, including weak

international demand, poor quality and huge carryover stock.―Iran remains one of our major

markets. But exports to Iran have been hit by surplus stocks in Iran and an increase in import

duty. The government has recently announced that it will set up a high level committee of

agricultural experts to discuss this issue,‖ another industry expert told The Dollar

Business.[/sociallocker]

Rice likely to firm up as prices hit bottom, production

declines

By Prabhudatta Mishra Oct 18 2015

Thai rice exporters association data show benchmark Asian price is at seven-year low

Among the few agriculture commodities that may have good prospects next year, rice could be

one. Reason: global inventories are set to fall as production in the second largest exporter,

Thailand, is estimated to be at 19-year low.In India, the benchmark Pusa 1121 basmati variety is

currently quoted at about $750 a tonne compared with about $1,150 a tonne year ago. Prices of

| 22



Thai 5-per cent broken white rice, a benchmark in Asia, declined 16 per cent this year to $350 a

tonne between January and September. The scope for a further decline in prices in Thailand and

India is limited because global stocks are also falling, said Vijay Setia, a former president of all-

India rice exporters association.

But rice prices in the US have surged in recent times due to adverse weather conditions. Rough

rice futures in Chicago is up 22 per cent during the July-September quarter. The trend may

continue as production in the US is likely to dip by 14 per cent in 2015-16 (August-July) crop

year to 18.95 billion pounds, according to the US department of agriculture.The rice prices the

world over take cues from the Chicago futures market though the US is not a big producer like

China or India. China produces about 20 times more than the US, but the latter is estimated to be

the world‘s fifth-largest shipper in 2015-16 with a 42 per cent increase over last year.

Global stockpiles of rice are seen to fall for a third consecutive year. Production in Thailand may

fall because of dry weather induced by El Nino causing the global output to drop for the first

time since 2009-10 even as demand grows for the sixth year, USDA data show. According to the

USDA, total output in the world will drop to 475.8 million tonne from 478.6 million tonne in

2014-15.The Thai rice exporters association data show that the benchmark Asian price is at a

seven-year low. As the world looks to Thailand, production in the south-east Asian country may

decline to as low as 22.98 million tonne in 2015-16, down by 30 per cent, from over 32 million

tonne a year earlier.

Thai farmers have reduced planting areas under rice at the advice of the government, which is

concerned about depleting water reservoir levels.In India, as basmati is a benchmark in the

nation‘s exports, the government swung to action when its prices fell below the minimum set

rates.Basmati is a long grain aromatic rice grown for many centuries in the specific geographical

area, at the Himalayan foothills of the Indian sub-continent, blessed with characteristics extra-

long slender grains that elongate at least twice of their original size with a characteristics soft and

fluffy texture. Delicious taste, superior aroma and distinct flavour make basmati rice unique

among other aromatic long grain rice varieties, according to Apeda.Agro-climatic conditions of

the specific geographical area as well as method of harvesting, processing and ageing attribute

these characteristic features to basmati rice, Apeda said.If basmati prices fall below the minimum

support price, why shall farmers grow? Until now, export earnings from basmati had been about

40 per cent more than from non-basmati varieties.

In terms of volume, the shipments ofbasmati are about half of non-basmati or even 60 per cent

lower.In India, basmati rice is cultivated in about 1.9 million hectares of land in Punjab,

Haryana, western Uttar Pradesh, Uttarakhand, Himachal Pradesh and three districts of Jammu

and Kashmir. Pakistan is the only other country where basmati rice is grown.India exported 3.70

million tonne of basmati rice valued at Rs 27,597.87 crore during 2014-15 (April-March). Saudi

Arabia, Iran, the United Arab Emirates, Iraq and Kuwait are some of the major buyers of Indian

| 23



basmati. India accounts for 65 per cent of the world basmati rice trade, and Pakistan the rest,

according to Apeda data.Currently, farmers in Haryana are selling Pusa 1509 variety at Rs 1,550

per quintal and Rs 1,350 in Punjab. The prices in Haryana improved only after FCI started

buying the grain. Upset over the falling basmati rice prices, farmers in Punjab have sought Rs

4,500 per quintal rate for Pusa 1509 variety and Rs 5,000 per quintal for Pusa 1121.

[email protected]

http://www.mydigitalfc.com/commodities/rice-likely-firm-prices-hit-bottom-production-declines-080

GI tag sought to preserve uniqueness of basmati By Prabhudatta Mishra Oct 18 2015 , New Delhi

Tags: Commodities

Special identity to open more markets for export of aromatic rice

The government should accord the geographical indication (GI) tag to basmati rice as soon as

possible if the uniqueness of rice variety is to be preserved as prices fall and to facilitate this,

there is immediate need for a pro-active role by the Centre.In the next hearing scheduled in the

first week of November, the appellate authority of the geographical indication registry will hear

the views of agricultural and processed food products export development authority (Apeda) and

others that challenge inclusion of some parts of Madhya Pradesh under the geographical

boundary where basmati rice can be grown.Madhya Pradesh was allowed to grow basmati in

Morena, Bhind, Gwalior, Sheopur, Datia, Shivpuri, Guna, Vidisha, Raisen, Sehore,

Hoshangabad, Jabalpur and Narsinghpur and the GI areas will cover these districts too.A

geographical indication (GI) is a sign used on products that have a specific geographical origin

and possess qualities or a reputation that are due to that origin. In order to function as a GI, a sign

must identify a product as originating in a given place.

Apeda challenged the order of assistant registrar of geographical indications at the Chennai-

based intellectual property appellate board (IPAB) in an appeal in early 2014. The state

government opposed that.Pakistan‘s Lahore-based basmati growers‘ association (BGA) also

challenged the decision to allow Madhya Pradesh to grow basmati.Apeda is said to have spent

more than Rs 7.6 crore on fighting legal battle in many countries, including the US, over basmati

rice.―There is impending need to protect the exclusivity of basmati, otherwise it will be more

serious, even greater than the whitefly attack on Punjab‘s cotton crops,‖ said KV Prabhu, joint

director at New Delhi-based Indian Agricultural Research Institute (IGRI). He requested the

Indian Council of Agriculture Research director general, S Ayyappan, to intervene on this issue

at a conference.If basmati prices fall below the minimum support price, there will be no

incentive for farmers to cultivate it. Until now, export earning from basmati had been about 40

per cent more than from non-basmati varieties.

| 24



On the other hand, in terms of volume, the shipments of basmati are about half of non-basmati or

even 60 per cent lower, he said.There are countries like China and Mexico that put non-tariff

barriers to restrict market access for basmati rice. By according a GI tag, it will be helpful to

bargain with these countries to allow import of basmati rice into their countries, Prabhu

said.India has so far seven varieties of rice that have the GI tag, but basmati is not on the list yet.

Kerala‘s Navara, Palakkadan Matta, Pokkali, Wayanad Jeerakasala, Wayanad Gandhakasala,

Kaipad and Uttar Pradesh‘ Kalanamak have received GI approval.

There are about 12 basmati varieties that have been notified under the Seeds Act.India exported

3.70 million tonne of basmati rice valued at Rs 27,597.87 crore during 2014-15 (April-

March).Saudi Arabia, Iran, the United Arab Emirates, Iraq and Kuwait are some of the major

buyers of Indian basmati. India has a share of 65 per cent in world‘s basmati rice trade, while the

only other producer Pakistan accounts for the rest, according to Apeda data.Currently, farmers in

Haryana are selling Pusa 1509 variety of paddy at Rs 1,550 per quintal and Rs 1,350 in Punjab.

The prices in Haryana improved only after FCI started buying the grain, said Vijay Setia, a

former president of the all India rice exporters association.

[email protected]

http://www.mydigitalfc.com/commodities/gi-tag-sought-preserve-uniqueness-basmati-096

Arkansas Farm Bureau Daily Commodity Report

A comprehensive daily commodity market report for Arkansas agricultural commodities with cash markets,

futures and insightful analysis and commentary from Arkansas Farm Bureau commodity analysts.

Noteworthy benchmark price levels of interest to farmers and ranchers, as well as long-term commodity

market trends which are developing. Daily fundamental market influences and technical factors are noted and

discussed.

Soybeans

High Low

Cash Bids 920 860

New Crop 937 881

Riceland Foods

Cash Bids Stuttgart: Pendleton:

| 25



New Crop Stuttgart: Pendleton:

Futures:

High Low Last Change

Nov '15 900.50 890.75 891.00 -7.25

Jan '16 904.00 895.25 895.50 -6.50

Mar '16 907.25 898.00 898.50 -7.00

May '16 911.50 902.50 903.00 -6.50

Jul '16 917.25 908.00 908.25 -6.75

Aug '16 915.75 908.00 907.75 -6.25

Sep '16 907.25 901.00 900.00 -5.25

Nov '16 905.00 898.25 898.25 -4.25

Jan '17 908.25 904.75 903.50 -4.25

Arkansas Daily Grain Report

FOB Memphis Elevator Crops

Soybean Comment Soybeans were lower today as forecast for rains in Brazil should help boost planting progress there. This

bearish news overshadowed today's export report which showed continued strong export inspections and

another sale to China. Look for this news to provide underlying support for prices and help limit losses in

coming days.

Wheat

High Low

Cash Bids 482 471

| 26



New Crop 500 428

Futures:


Dec '15 493.50 484.25 485.75 -6.50

Mar '16 501.00 491.75 493.25 -6.75

May '16 505.50 496.50 497.75 -7.25

Jul '16 508.25 499.75 501.00 -7.50

Sep '16 517.00 508.50 509.25 -8.00

Dec '16 530.25 523.00 523.50 -8.00

Mar '17 535.00 535.00 535.25 -7.75

May '17 535.50 -7.75

Jul '17 524.75 -5.75



Wheat Comment Wheat prices continue to slide today as bearish fundamentals continue to drive prices. Beneficial rains

combined with weakness in other markets sent wheat to new 4-week lows today. Wheat Is likely to remain

weak as a poor fundamental picture remains a drag on prices.

Grain Sorghum

High Low

Cash Bids 387 318

| 27



New Crop 388 338



Corn

High Low

Cash Bids 386 349

New Crop 408 375

Futures:


Dec '15 377.50 372.50 373.00 -3.75

Mar '16 388.25 383.25 383.75 -4.00

May '16 394.25 389.75 390.50 -3.50

Jul '16 399.50 395.00 395.75 -3.50

Sep '16 397.50 393.25 393.75 -3.50

Dec '16 404.75 400.50 401.00 -3.50

Mar '17 412.75 410.75 410.50 -3.75

May '17 419.00 418.00 416.50 -3.50

Jul '17 424.00 421.75 421.00 -3.00


| 28




Corn Comment Corn prices closed lower again today. Prices remain under pressure as harvest progresses quickly and dollar

continues to rise. While the stock situation still looks better than originally thought, the fact that stocks remain

above 1.5 billion bushels and low oil prices and strong dollar have the potential to lower demand and raise

stocks.

Cotton

Futures:


Dec '15 64.07 62.96 63.24 -0.61

Mar '16 63.89 62.85 63.12 -0.58

Dec '16 64.04 63.19 63.37 -0.39

Memphis, TN Cotton and Tobacco Programs

Cotton Comment December cotton futures ended lower after again failing at resistance at 64 cents in early dealings. Data out of

China shows their imports are down 42% during the first nine months of the year, and September's were

particularly dismal, down 60%. The recent rally has been fueled by smaller U.S. production and severe quality

issues to the crop on the East coast after Hurricane Joaquin flooded many fields. Also supportive is news that

the crop in India and Pakistan will be short. However, the smaller crop there has caused prices to soar, and the

All World Price right along with them. That means the LDP for U.S. farmers has been cut in half over the past

few weeks.

Rice

High Low

Long Grain Cash Bids

Long Grain New Crop

| 29



Futures:


Nov '15 1220.5 1206.5 1210.5 -0.5

Jan '16 1249.5 1236.0 1239.0 -1.0

Mar '16 1271.5 1264.5 1266.5 -1.5

May '16 1290.0 1287.5 1290.5 0.0

Jul '16 1310.0 +1.0

Sep '16 1241.5 +5.0

Nov '16 1241.5 +5.0

Rice Comment Rice futures were mostly lower. November continues to find support near $12, which is the 38% retracement

level. The recent rally has stalled and a round of profit taking quickly took $1.40 off the market over the past

two weeks. The market is still trending higher, however. Global production problems have helped support the

market since the summer. Disappointing U.S. yields have likely been built into prices at this point.

Cattle

Futures:

Live Cattle:


Oct '15 139.000 137.525 137.950 +2.000

Dec '15 142.575 140.400 141.450 +2.025

Feb '16 143.825 142.100 142.650 +1.325

Apr '16 142.600 141.200 141.700 +1.175

Jun '16 133.250 132.250 132.425 +0.800

| 30



Aug '16 130.575 129.700 129.725 +0.750

Oct '16 132.600 131.475 131.750 +0.775

Dec '16 133.800 132.950 132.950 +0.625

Feb '17 133.300 132.700 132.825 +0.875

Feeders:


Oct '15 196.100 194.575 194.925 +1.125

Nov '15 193.450 191.350 192.000 +1.850

Jan '16 185.175 183.325 183.650 +1.275

Mar '16 182.250 180.350 180.450 +0.800

Apr '16 182.325 180.325 180.875 +1.100

May '16 182.325 180.575 181.025 +1.100

Aug '16 183.000 180.975 181.125 +0.775

Sep '16 181.600 181.600 181.200 +1.650

Arkansas Prices

Ash Flat Livestock Auction

Ola Livestock Auction

Springdale Livestock Auction

Oklahoma City

Oklahoma City - Feeder Cattle Auction Weighted Average Report

Cattle Comment Cattle prices started the week on another positive close. Continued increases in boxed beef prices and

improving cash prices remain supportive of livestock prices.

Hogs

| 31



Futures:


Dec '15 66.725 65.025 66.025 +0.450

Feb '16 68.925 67.750 68.000 -0.450

Apr '16 72.125 71.175 71.350 -0.600

May '16 76.675 76.650 76.300 -0.225

Jun '16 79.850 79.025 79.125 -0.500

Jul '16 79.275 78.525 78.550 -0.550

Aug '16 78.375 77.900 77.900 -0.275

Oct '16 68.675 68.350 68.625 -0.125

Dec '16 66.275 66.000 66.025 -0.350

Hog Comment

Shell Eggs Daily Midwest Regional Eggs

Daily New York Eggs

National Turkeys Weekly Weighted Average Prices for Whole Young Turkeys

Delmarva Broilers Daily Southern Broiler/Fryers

http://www.arfb.com/ag-markets-statistics/report/

APEDA Commodity News from India

International Benchmark Price

Price on: 19-10-2015

| 32



Product Benchmark Indicators Name Price

Apricots

1 Turkish No. 2 whole pitted, CIF UK (USD/t) 4875

2 Turkish No. 4 whole pitted, CIF UK (USD/t) 4375

3 Turkish size 8, CIF UK (USD/t) 3625

Honey

1 Argentine 85mm, CIF NW Europe (USD/t) 3080

2 Australian extra light/light amber, CIF NW Europe (USD/t) 4700

3 Chinese extra light amber, CIF NW Europe (USD/t) 1925

Guar Gum Powder

1 Indian 100 mesh 3500 cps, FOB Kandla (USD/t) 2210

2 Indian 200 mesh 3500 cps basis, FOB Kandla (USD/t) 1550

3 Indian 200 mesh 5000 cps, FOB Kandla (USD/t) 2650

Source:agra-net For more info

Market Watch

Commodity-wise, Market-wise Daily Price on 17-10-2015

Domestic Prices Unit Price : Rs per Qty

Product Market Center Variety Min Price Max Price

Jowar(Sorgham)

1 Gulbarga (Karnataka) Hybrid 1132 1432

| 33



2 Solapur (Maharashtra) Other 1816 2901

3 Deoli (Rajasthan) Other 1150 1400

Maize

1 Soundati (Karnataka) Local 1300 1480

2 Pune (Maharashtra) Other 1600 1800

3 Derol (Gujarat) Other 1300 1315

Papaya

1 Solan (Himachal Pradesh) Other 2200 2500

2 Jalore (Rajasthan) Other 1000 1200

3 Sirhind (Punjab) Other 1500 2300

Brinjal

1 Chala (Kerala) Other 1700 1754

2 Ahmedabad (Gujarat) Other 500 1200

3 Mumbai (Maharashtra) Other 800 1600

Source:agmarknet.nic.in For more info

Egg Rs per 100 No

Price on 19-10-2015

Product Market Center Price

1 Pune 327

2 Mysore 335

| 34



3 Nagapur 300

Source: e2necc.com

Other International Prices Unit Price : US$ per

package

Price on 19-10-2015

Product Market Center Origin Variety Low High

Potatoes Package: 50 lb cartons

1 Atlanta Colorado Russet 16 17

2 Chicago Idaho Russet 11 14.50

3 Detroit Oregon Russet 12.50 13.50

Carrots Package: 20 1-lb film bags

1 Atlanta California Baby Peeled 20 20.75

2 Chicago California Baby Peeled 17 17.50

3 Dallas Arizona Baby Peeled 17 17.50

Grapefruit Package: 4/5 bushel cartons

1 Atlanta Florida Red 20.50 20.50

2 Detroit Florida Red 15.50 20.50

3 New York Florida Red 21 21

Source:USDA

Documents

19th october ,2015 daily global regional local rice e newsletter by rice plus magazine