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New Headlines
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Data from the Bureau of Agricultural Statistics show that the June inventory was 30.9 percent higher than
the 2.31 metric tons the nation had in June last year. Philstar.com/File
MANILA, Philippines - The National Food Authority (NFA) is under fire for the excessive importation
of 2.1 million metric tons of rice for this year.As of June 1, the country had a total rice stock inventory of
3.02 million metric tons, Bayan Muna Representatives Neri Colmenares and Carlos Zarate quoted the
Department of Agriculture (DA) as saying.Data from the Bureau of Agricultural Statistics show that the
June inventory was 30.9 percent higher than the 2.31 metric tons the nation had in June last year, they
added.Despite the higher level of stocks, the NFA imported or authorized the importation of 2.1 million
metric tons for this year, Colmenares said.
The 2.1-million metric ton importation includes 500,000 MT the NFA procured from Thailand and
Vietnam 250,000 MT programmed for the lean season, 250,000 MT as reserve volume, 300,000 MT
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The divergence in Kharif season sowing figures this year compared with the last season
narrowed further this week, according to data released by the Agriculture Ministry on Friday.
The area under crops, such as rice, cotton, soyabean and sugarcane, is estimated at 967.83 lakh
hectares (lh), just 1.1 per cent higher than the corresponding period of the last year.The acreage
of pulses continues to be higher 12 per cent more currently while the area under cotton has
continued to fall.
Rainfall deficit
The overall acreage gap has been closing since mid-July and has become more pronounced in
recent weeks. With nearly 92 per cent of sowing completed, steady rainfall over September is
pivotal for yields.Drought conditions have continued to prevail across vast tracts of the Southern
Peninsula and Central India, which are traditionally rain-fed. As of Friday, India received 12 per
cent deficient rainfall due to the El Nino phenomenon, which agencies around the world says is
the strongest in history.According to India Meteorological Department (IMD) data, there is a 20
per cent rainfall deficit in peninsular India and a 15 per cent shortfall in the Central region. While
the North-West had recorded a surplus through the beginning of August, it now has a 7 per cent
deficit. Of the 36 sub-divisions, 15 have received deficient rain. Marathwada, central
Maharashtra, north interior Karnataka, Kerala, Telangana, Bihar, east and west Uttar Pradesh are
among the most acutely affected regions.
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Crop data
Pulses, such as arhar (tur), urad and moong, have been sown across 105.52 lh (94.18 lh). Moong
and urad coverage is up nearly 20 per cent and 13.3 per cent, respectively.The area under coarse
cereals is up a little more than 3 per cent over the year with 172.5 lh being covered so far with
crops, such as jowar, bajra and Kharif maize.
Oilseeds acreage stands at 174.59 lh, only 1.4 per cent higher than the 172.26 lh recorded in the
same period last year. Soyabean and sesamum areas are higher, but castor and groundnut
coverage have slipped nearly 11 per cent and 3 per cent, respectively. Cotton sowing has taken
place over 112.68 lh around 8 per cent lower than the 122.5 lh sown at the same time last
year. The area under jute and mesta remains stagnant and continues to be about 4 per cent lower.
Rice, the main Kharif foodgrain, has been planted on 345.89 lh, marginally higher than the
corresponding coverage last year, while the sugarcane area is up 3.5 per cent at 48.84 lh, the
same as last week.
http://www.thehindubusinessline.com/economy/despite-rain-deficit-kharif-sowing-completed-in-92-ofarea/article7591437.ece
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ReutersLAUNCESTON, Australia Market wisdom is that Asian rice prices are set to rally as
El Nino cuts output and bulging stockpiles are steadily eroded.Theres nothing wrong with this
view, but as is often the case, there are some offsetting factors that make a strong rally far from a
sure thing, as can be seen by recent price movements in the grain, the staple for some two-thirds
of the worlds population.Benchmark Thai 5-percent broken white rice staged a 10 percent rally
from a 7-year low of $367.50 a ton on June 24 to a recent peak of $405 on July 17.However,
since then, it has dropped back to a fresh low of $362.50 a ton on Aug. 27, making the rally very
short-lived.Part of this is the general malaise that has roiled most commodity markets, but part is
also that buyers have been demanding lower prices because of the depreciation of the Thai baht.
The baht has lost 10 percent of its value against the U.S. dollar since its 2015 closing high of
32.33 in April to Thursdays close of 35.64.The fall in the baht has caused the baht price of rice
to whipsaw about, but overall it is down about 6 percent so far this year, or less than half the 13.3
drop in dollar terms.Its much the same situation for Thailands regional competitor in rice
exports, Vietnam, which has seen its currency, the dong, slip 6.7 percent against the dollar from
the year high in early February to the close of 22,534 on Thursday.Vietnamese 5-percent broken
white rice has surrendered 12.9 percent so far this year to $337.50 a ton, but is down only 8.2
percent in local currency terms.With the outlook for ongoing dollar gains, especially against
emerging market currencies, the chances are that buyers will apply additional pressure on sellers
to keep prices low in dollar terms.But what of El Nino, the weather phenomenon that brings dry,
hot weather to Southeast Asia and Australia, but wetter conditions to North America.
Weather forecasters have been upping their predictions for a strong El Nino, which would last
into next year and most likely cut output of rice, as well as that of Australian wheat, soybeans in
India and corn in China.Any rice production shortfall will have to be made up from stockpiles,
but how much more rice is likely to be needed and will it be enough to significantly dent
Thailands rice mountain, built up by the ousted government as part of its generous support
measures for farmers?
Indonesia, traditionally a rice importer but trying hard to become self-sufficient, still expects to
increase its harvest by 7 percent in 2015 despite El Nino.However, El Nino may delay rice crops
and lead to imports of as much as 1.6 million tons this year, according to analysts, a step that
would help curb rising domestic rice prices, already the second-highest in Southeast Asia.The
Philippines, another heavy importer, also plans to boost domestic rice production in 2016, but
will import more in 2015 to meet a shortfall in this years output.
The government has already bought 750,000 tons this year and may import another 250,000
before the end of the year. rivate traders may add as much as 805,200 tons by Nov. 30, subject to
a 35 percent tariff.Chinas early season rice output dropped 0.9 percent to 33.69 million tons in
2015 from a year earlier, according to official figures, raising the possibility of higher imports by
the worlds second-biggest economy.While it seems likely that Asias top importers will increase
purchases, there is still the question of large stockpiles that need to be worked
through.Thailands 13-million ton rice mountain may actually contain only about 9 million tons
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831
841
Riceland Foods
Cash Bids Stuttgart: - - -
Pendleton: - - -
Pendleton: - - -
Futures:
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High
Low
Last
Change
880.75
897.50
+4.25
871.00
887.50
+2.00
876.00
892.25
+1.50
877.75
893.75
+1.50
880.75
896.50
+1.50
884.75
900.25
+1.75
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885.00
899.75
+2.50
873.00
888.00
+2.50
867.75
883.75
+4.00
Soybean Comment
Soybeans continue to see gains today's. Another large export sale was reported today which may indicate
that foreign markets are taking advantage of low soybean prices. While there remains some concern about
the size of the crop all eyes remain on China. Soybeans need this market to remain robust if prices are to
stay between $8.50 and $9. Should the China market weaken more and this lead to slower demand we
could easily see soybean prices tumble, especially given the prospects for another big South American
Crop.
Wheat
High Low
Cash Bids 350
350
382
Futures:
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High
Low
Last
Change
470.75
482.50
+5.50
476.50
485.00
+1.25
483.75
490.25
-1.50
489.00
494.25
-2.75
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493.00
498.00
-3.25
502.00
506.50
-4.25
515.25
519.50
-4.75
Mar '17
529.25
-4.50
May '17
532.50
-4.50
Wheat Comment
Wheat prices were able to post modest gains despite continued weak fundamentals. Wheat prices have
little support from the fundamentals at this time and however, prices look to be trying to find a bottom
and could see a technical recovery if the broader market will provide support for prices.
Grain Sorghum
High Low
Cash Bids 370
332
333
Corn
High Low
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333
337
Futures:
High
Low
Last
Change
359.75
363.75
+0.50
370.50
375.25
+0.25
382.00
386.25
-0.25
388.50
392.75
-0.25
393.50
397.25
-0.25
388.00
391.75
0.00
395.75
399.50
+0.50
408.00
409.75
+0.25
415.50
416.00
+0.25
Corn Comment
Corn prices posted modest losses today as the market continues to search for bullish news. The forecast
remains mostly favorable for corn production; however the market will closely watch this to see if the
warm dry weather begins to affect the crop. The market continues to wait for additional demand news
before a major rally. Longer term traders will be watching to see if the U.S.crop shrinks which would
result in a further draw down in stocks this year.
Cotton
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Futures:
High
Low
Last Change
64.1
63.74
-0.01
62.4
63.
62.17
62.58
-0.1
Cotton Comment
Cotton futures ended mostly lower with most active December unchanged. The market continues to be
concerned about a global economic slow down and China in particular, as it has the potential to impact
cotton demand. That concern is overshadowing the smaller U.S. crop for now. December futures
continued to retrace the gains charted in reaction to the monthly supply/demand report with the next
support at the contract low of 61.25.
Rice
High Low
Long Grain Cash Bids - - -
---
---
Futures:
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High
Low
Last
Change
1160.0
1188.0
+29.0
1180.0
1216.0
+27.5
1238.0
1245.0
+27.0
1269.5
1270.0
+26.0
1291.5
1294.0
+25.5
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1294.5
1313.0
+40.5
1195.0
1215.5
+42.0
Rice Comment
Rice futures continued to climb today. The market has taken the rice stocks report pretty much in stride,
as the totals weren't entirely unexpected. Rough rice in all positions on August 1, 2015 were up 61% from
the 2014 total. Stocks held on farms totalled 1.48 million cwt and off farm stocks totalled 41.3 million
cwt. Milled rice stocks were up nine percent from a year ago at 4.06 million cwt. November found
resistance at $12.25 today, with additional resistance at the recent high of $12.34.
Cattle
Futures:
Live Cattle:
High
Low
Last
Change
144.400
145.500
-1.025
142.950
143.175
-0.800
145.200
145.325
-0.725
144.875
145.025
-0.875
143.500
143.525
-1.150
135.425
135.575
-1.025
133.650
133.675
-1.275
135.950
136.100
-1.225
137.275
-1.125
Low
Last
Change
201.550
202.425
+0.025
Dec '16
Feeders:
High
Sep '15 204.725
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197.725
198.350
-0.575
194.975
195.375
-1.200
188.875
189.475
-1.100
186.400
186.825
-1.825
187.000
187.100
-2.225
186.900
187.500
-1.450
188.600
188.050
-0.650
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 closed lower today. The late rally last week failed to carryover, concerns about the broader
economy and strong dollar remain a concern for demand both in the domestic and international markets.
Hogs
Futures:
Daily Global
High
Low
Last
Change
66.400
68.025
+1.600
61.975
63.525
+1.475
66.150
67.450
+1.275
70.075
71.025
+0.975
75.500
75.725
+0.900
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78.500
79.500
+1.000
77.725
78.500
+0.900
76.500
77.350
+0.725
66.750
66.950
+0.625
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/
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Crop Progress:
For the week ending August 23, U.S. rice harvest was 18% complete, versus the five-year
average of 16%. Harvest progress is well ahead of the average pace in Louisiana at 75%
complete. Texas is slightly behind average at 55%. Arkansas is 6% harvested and Mississippi
10%, both of which are in line with the five-year average.
Export Sales:
Net sales of long-grain rough rice totaled 13,856 metric tons (MT) last week; up from 7,212 the
previous week. Venezuela and Mexico were the top buyers.
Long-grain milled rice net sales totaled 10,993 MT; down from 17,950 the week prior. Haiti and
Saudi Arabia were the two largest buyers.
Long-grain rough rice sales are running about 3% ahead of last year, while long-grain milled rice
sales are 75% ahead of last year. The two large 60,000 MT sales to Iran and Iraq account for
about 56% of new crop milled rice sales to date. Iraq announced Monday a tender to purchase
30,000 MT of rice from the U.S., Uruguay, Argentina, Brazil and India. Bidding will close on
September 6, 2015.
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Fuel:
After trading as low as $37.75 Monday, crude oil futures made very strong gains late in the
week. The nearby October contract traded Friday just above $45 per barrel. Diesel futures
(Heating Oil) are following crude oil sharply higher and now trade about 20 cents of the midweek lows at $1.59. This price correction in crude oil may extend into the $48 to $54 range. The
current price levels still represent a favorable diesel buying opportunity in the cash market or as a
level to start hedging 2016 fuel.
Energies Futures Prices
NYMEX Diesel (heating oil), daily nearby.
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Crop Production
Supply/Demand (WASDE)
Grain Stocks
Small Grains Summary
NASS Crop Progress is released each Monday afternoon at 3:00 p.m. central.
USDA-NASS Crop Progress
NASS Rice Stocks. Next release date is October 29, 2015 at 11:00 a.m. central.
USDA-NASS Rice Stocks
FAS Export Sales are released each Thursday morning at 7:30 a.m. central.
USDA-FAS Export Sales
USDA-FSA information on projected 2014 and 2015 PLC payment rates are available at this
link:
ARC/PLC Program Data
Additional Information
Arkansas Rice Updates are published periodically to provide timely information and
recommendations for rice production in Arkansas. If you would like to be added to this email
list, please send your request to jhardke@uaex.edu.
This information will also be posted to the Arkansas Row Crops blog (http://www.arkansascrops.com/) where additional information from Extension specialists can be found.
More information on rice production, including access to all publications and reports, can be
found at http://www.uaex.edu/rice.
Acknowledgements
We sincerely appreciate the support for this publication provided by the rice farmers of Arkansas
and administered by the Arkansas Rice Research and Promotion Board.
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Price
5125
4625
3625
2968
2024
2350
786
691
600
Apricots
Sultanas
White Sugar
Source:agra-net
Market Watch
Commodity-wise, Market-wise Daily Price on 29-08-2015
Domestic Prices
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Product
Market Center
Variety
Min Price
Max Price
Shirur (Maharashtra)
Other
1751
1751
Haveri (Karnataka)
Local
1600
1600
Other
1500
1530
Bellary (Karnataka)
Local
1539
1572
Shirur (Maharashtra)
Other
1500
1500
Other
1350
1500
Jagraon (Punjab)
Other
1800
2100
Ampati (Meghalaya)
Other
2000
2500
Nagpur (Maharashtra)
Other
1000
2700
Shahkot (Punjab)
Other
1200
1500
Banki (Orissa)
Other
2500
3000
Satara (Maharashtra)
Other
1000
1600
Jowar(Sorgham)
Maize
Pine Apple
Brinjal
Source:agra-net
Egg
Rs per 100 No
Price on 30-08-2015
Product
1
Daily Global
Market Center
Pune
Price
305
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Nagapur
275
Namakkal
300
Source: e2necc.com
Unit Price : US$ per
package
Price on 27-08-2015
Product
Market Center
Origin
Variety
Low
Onions Dry
High
Package: 50 lb sacks
Atlanta
Colorado
Yellow
19
21
Baltimore
California
Yellow
17
18
Detroit
Canada
Yellow
16
16.50
Cucumbers
Atlanta
Canada
Long Seedless
10
Dallas
California
Long Seedless
12
14
Miami
Honduras
Long Seedless
10
10
Grapes
Atlanta
California
Red Globe
25
26
Dallas
California
Red Globe
27
27
Detroit
California
Red Globe
25
29
Source:USDA
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Crucial support
Searca director Dr. Gil C. Saguiguit Jr. stressed the importance of the Mangabat study, since it
delved into the reasons why the total factor productivity (TFP) for rice in the country was low,
which means farmers do not maximize output from the use of fertilizer, other inputs,
mechanization, labor, improved seeds and new technology.The Searca study confirmed that
higher-yielding varieties now comprise 80 percent of the aggregate rice output of the country,
Saguiguit noted.
What the 38-page paper showed was that better rice seeds, improved technology and irrigation,
as well as optimal training of farmers are crucial factors that lead to higher yields, and these are
the inputs that farmers gobbled up in the 1960s and 1970s to raise the aggregate output and
achieve rice self-sufficiency for a spell.
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Even as Filipino rice producers use power threshers, the average power cost was still $204 per
hectare, in roughly the same league as Thailand at $229 per hectare and China at $218 per
hectare, although both countries use combine harvesters extensively.
Among the exporters, the cheapest rice was in Vietnam at $156 per MT, India at $188 per MT
and Thailand at $212 per MT.The rice exporting countries are hugely dependent on pesticides
and other agricultural inputs to battle infestation even as they come out being cost-efficient and
have the highest yield and lowest unit cost.
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The Central American Rice Federation (FECARROZ) invited USA Rice here earlier this month to present
at their board of directors meeting. USA Rice provided an update on the current U.S. crop and also
discussed USA Rice's proposal to develop a FECARROZ standard in order to minimize variability in the
quality of rice that is exported. Several variety developments from both the public and private sectors
were discussed during the presentation; these varieties specifically address the requests and needs of the
Central American consumer. The progress in varietal development was well received as several attendees
still had concerns about chalk and amylose content in U.S. rice.
"These types of meetings go a long way in strengthening rice industry relations between our countries,"
says Ernesto Baron, USA Rice's representative for the region. "We continue to look for opportunities for
USA Rice and its members to engage with our international consumers."
Michel Hawit
During the meeting, a new FECARROZ Director was elected for a two-year term. Michel Hawit,
president of Baprosa (rice mill) in Honduras, replaced outgoing Director Mario Solrzano, a rice miller
from Guatemala. "I would like to thank Mario Solrzano for an excellent job leading this organization
Daily Global
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State
2010-2014
average
Percent
Daily Global
Arkansas
97
97
99
97
California
94
85
90
81
Louisiana
100
99
100
100
Mississippi
98
97
98
97
Missouri
92
84
90
92
Texas
100
100
100
99
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Six States
97
94
97
95
Price
Net Change
September 2015
$11.880
+ $0.290
November 2015
$12.160
+ $0.275
January 2016
$12.450
+ $0.270
March 2016
$12.700
+ $0.260
May 2016
$12.940
+ $0.255
July 2016
$13.130
+ $0.405
September 2016
$12.155
+ $0.420
Rice E-Newletter
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When you take a Saskatchewan product like mustard and you put it in the hands of these chefs,
you got a winner.Hanwell said the event also serves as an important showcase of local talent
and local ingredients.This is showing people, This is the talent here. This is how good the food
is in Saskatchewan if you give it a shot, he said.
The Leader-Post set out to determine whether the festivals 24 culinary creators could prove that
mustard is good any time of day.
Breakfast
Often a stranger to mustard, breakfast was a toughie to pin down until bacons cousin was
located.Crave sizzled up some slow-roasted, mustard-crusted porchetta doused in honey mustard
aioli. It was served with local lemon and English cucumbers flavoured with dill and mustard. A
dill pickle with mustard and veggie skewer were served on the side.
Lunch
Sprout Catering whipped out mustard and turmeric cream puffs. They were served as sliders with
chicken marinated in a spicy mustard hot sauce for 24 hours, topped with a maple Dijon mustard
sauce.
A side of potato salad made with Dijon mayonnaise and toasted mustard seeds, and sprinkled
with pickled mustard seeds, rounded out that meal.
Snack
Bocados concocted a creative spin on peanut brittle for midday cravings.
Roasted peanuts dry dusted in salt were combined with mustard powder and jalapeno juice, then
added to a traditional peanut brittle recipe.
Supper
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The Dow Chemical Company 's DOW fully-owned subsidiary Dow AgroSciences LLC has
signed a collaboration agreement with the Institute of Crop Sciences of the Chinese Academy
of Agricultural Sciences (ICS-CAAS). Per the agreement, Dow AgroSciences provided ICSCAAS a royalty-free, non-transferable research and commercialization license for its patented
EXZACT Precision Genome Editing Technology that will be used in rice in China. Both
parties intend to develop an industry-leading rice genome editing technology platform through
this partnership. They further believe that this platform will help the scientists of ICS-CAAS to
reap the benefits of their major investment and technical expertise in rice genomics,
transcriptomics, proteomics, and cell biology. It will also enhance their scientific knowledge
about rice, thereby enabling them to develop advanced products for China.
Shares of Dow rose around 6.2% to close at $43.60 on Aug 27.
Dow AgroSciences was previously granted an exclusive license by Sangamo BioSciences, Inc.
under a collaborative agreement, per which, the company developed the EXZACT Precision
Technology platform. Both Dow AgroSciences and ICS-CAAS will now combine their
expertise and capabilities, and use this platform to further rice research and product
development in China.
According to ICS-CAAS, the collaboration is a significant step as it will speed up the
development of rice genome editing technology platform in China. Moreover, it will aid the
development of significant new agronomic traits in rice. According to Dow AgroSciences,
being a strategic partner of China for agricultural sustainability, this is part of its commitment
to provide innovative and sustainable solutions to increase food security and safety in China.
The EXZACT Precision Technology collaboration with ICS-CAAS is proof of Dow's
commitment toward improving rice research and product development for continued food
security
in
China. Dow
currently
has
a
Zacks
Rank
#3
(Hold).
Better-ranked stocks in the chemical space include Innospec Inc.
Daily Global
Rice E-Newletter
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http://www.nasdaq.com/article/dow-chemical-ics-caas-team-up-for-china-rice-development-cm515222
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IN a bid to secure as much Australian grown rice as possible SunRice says it intends to increase the
paddy price return to its growers in an effort to also stave off competition from other southern irrigation
crops.Chairman and Moulamein grower, Laurie Arthur, told this month's annual general meeting the
SunRice Group achieved impressive revenue and profit growth last trading year, while also making a
significant investment in its operations, products and people.
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Ousted former Thai Prime Minister Yingluck Shinawatra gestures as she arrives at the Supreme Court in
Bangkok, Thailand, August 31, 2015.
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Former Thai Prime Minister Yingluck Shinawatra appeared before the Supreme Court on
Monday to review evidence in a case involving rice subsidies that haemorrhaged billions of
dollars and could see her jailed for up to 10 years for negligence.Yingluck's flagship election
policy helped sweep her to office in a landslide in 2011, but its failure saw her banned from
politics for five years in January by a legislature appointed by the generals who toppled her
government.The grain policy, which has since been discontinued, aimed to boost farmers'
incomes by buying their rice at above market prices.
Yingluck's government was attacked for refusing to abandon the scheme when the rice and debt
piled up.It caused an estimated $16 billion in losses and left Thailand with a rice mountain it is
still struggling to shift. The current stockpile is 13.9 million tonnes.Prosecutors on Monday
provided an evidence dossier of 60,000 pages and 23 additional witnesses in the case."These
were not seen or reviewed (by all parties)," Yingluck told reporters. "Today we're going to hear
about this and hope that we will get justice."
She insists she acted honestly in administering the policy, which was widely criticised for
distorting global prices and saw Thailand lose its crown as the world's top rice shipper.Yingluck,
48, was greeted with applause and handed red roses by a crowd of supporters as she arrived at
the court."I came to give moral support," said Sangiam Thongnak, 61. "She did the right thing."
Yingluck's supporters see the court case as another strike by a royalist establishment threatened
by the rapid political rise of a clique of upstart capitalists from outside Thailand's traditional
patronage network.
She won millions of votes by reviving the populist policies of her billionaire brother and former
premier Thaksin Shinawatra, whom the Supreme Court jailed in absentia in 2008 for abuse of
power, two years after he was ousted in a coup.Prosecutors expect the Supreme Court
proceedings to last at least six months. Some experts have said the junta risks a backlash if
Yingluck's supporters perceive the verdict as unfair.(Additional reporting by Juarawee Kittisilpa;
Writing by Martin Petty; Editing by Nick Macfie)
http://uk.reuters.com/article/2015/08/31/uk-thailand-politics-idUKKCN0R00EA20150831
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