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Vol 5,Issue XV
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News Headlines...
News Detail...
Geographical indication law in pipeline: Dastagir
The draft of geographical indication law is ready
and will be tabled in the parliament in its coming
session.Trade strategic framework (policy) for
2015 to 2018 will also be announced soon, said
Federal Minister for Commerce Engr Khurram
Dastagir Khan while addressing the business
community at the annual general meeting (AGM)
of Rice Exporters Association of Pakistan
(REAP) on Wednesday night.He praised REAPs role for promoting rice export up to dollars
three billion per annum and appreciated its target of four billion dollars. After textile sector, he
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noted that the REAP was the second largest export organisation and it truly represented the
country having members and officials across the country.
He noted that the REAP had done a lot for increasing rice export which included research and
development activities, introducing latest technology for higher per acre yield of rice crop, and
the value-addition along with welfare of the rice growers.Still more is needed to be done. We
would have to put rice export on 21st century lines and move with the world. Like many other
countries, Pakistan would have to focus on phyto-sanitary and plant protection standards, he
emphasized.He said the Pakistan Muslim League-Nawaz government had been trying its best to
achieve the goal of economic prosperity and development in the country within the shortest
possible time through maximum consultation and partnership with private sector.
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Trade Development
Authority of Pakistan (TDAP) are our partners, he remarked.He mentioned that the prime
minister recently had a long session with the business community and heard the representatives
of each sector separately with assurance of resolution of their genuine problems at the earliest. In
next couple of days, he added that the prime minister would have another interactive session with
the business leaders and might announce a package for the export sector.
Responding to the demand from the out-going and incoming Chairmen of REAP and Patron-inChief of REAP and Senior Vice-President FPCCI Abdul Rahim Janoo, the federal commerce
minister said that the representatives of REAP would be taken on the boards of directors of Rice
Research Institutes in Dokri and Kala Shah Kaku after taking the provincial governments into
confidence. This year, reforms will be introduced in these two research institutes, he assured.
http://www.pakistantoday.com.pk/2015/10/01/business/geographical-indication-law-in-pipeline-dastagir/
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Yesterday, seventeen Members of the House Agriculture Committee sent a letter to Ambassador
Michael Froman, U.S. Trade Representative, echoing these concerns. Three rice state legislators,
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Rick Crawford (R-AR), Doug LaMalfa (R-CA), and Ralph Abraham (R-LA), signed the letter
saying, "We...remain deeply concerned over the lack of meaningful market access in key markets
for America's rice farmers..."
The talks have been extended into tomorrow as TPP countries press for a final agreement.
Contact: Bob Cummings (703) 236-1473
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The Haryana Rice Millers and Dealers Association (HRMDA) on Wednesday announced to end
its four-day-old strike with immediate effect after assurance by the BJP legislators to consider
their demands patiently.Our delegations met the Bharatiya Janata Party (BJP) legislators in
Ambala and Kurukshetra districts where it was assured that the Haryana government would
consider our demands patiently. We are convinced by the assurance and decided to start paddy
purchase for the government, said HRMDA general secretary Jitender Kumar.
The rice Millers had been on strike with an array of demands, including revocation of central
sales tax (CST) and recovery by the excise and taxation department; relaxation in moisture
norms during purchase of paddy.After a meeting with the additional chief secretary, food and
civil supplies, SS Prasad on Monday, the association had refused to accept the official assurance
of finding appropriate ways to look into their demands.HRMDA had then categorically
announced to boycott paddy purchase for the government till their demands were accepted.
http://www.iamin.in/en/hisar/news/haryana-rice-millers-end-strike-after-assurance-bjp-legislators-71450
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To learn more about the USA Rice-Ducks Unlimited RCPP project, visit here.
Contact: Peter Bachmann (703) 236-1475
Month
Price
Net Change
November 2015
$13.250
- $0.050
January 2016
$13.530
- $0.050
March 2016
$13.800
- $0.040
May 2016
$13.940
- $0.040
July 2016
$14.075
- $0.030
September 2016
$13.180
- $0.005
November 2016
$13.180
- $0.005
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PUNE: The government has clarified that there was no germ of truth in stories that it was planning to
ban export of Basmati rice. " It has come to the notice of government of India that rumours are bring
spread by certain elements that the government has banned the export of Basmati rice. The
government of India most emphatically clarifies that there is no truth in such rumours and the
government is not even considering any proposal to ban export of Basmati rice" states the press
release issued by ministry of commerce and industry. As per the extant policy, export of Basmati rice
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is allowed subject to registration of contracts with the Agricultural and Processed Food Products
Export Development Authority (APEDA).
" There is no change in the policy and exports of Basmati rice are continuing unabated. During the
period from April 2015 to August 2015, exports of Basmati rice have grown by 16.93% in quantity
terms as compared to the corresponding period during the previous year" adds the press release. In
view of softening of commodity prices, the realization of Basmati rice has gone down as has
happened with many other commodities. "However, all steps are being taken to explore more
markets and promote retail packs to improve the realization for Basmati rice. It is expected that a
good flow of export orders is likely and the government also expects the present trend of growth in
export of Basmati rice to continue" the ministry has clarified.
The Times Of India
TEMPO.CO, Jakarta - President Joko Widodo said that market operation is meant to help
control rice price in the market. We are trying to stabilize the price," said Jokowi, on Friday
October 2. We need to control the price, making it affordable.Jokowi said that the Center of
Statistics has revealed that agriculture exchange value has increased by 2 percent. It means that
farmers can earn more fortune in the market.Moreover, Jokowi is content with the report from
the National Logistics Agency (Bulog) which said that market operation will suppress the price
immediately.Earlier today, Jokowi launched market operation program, in which 300,000 tons of
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rice were delivered to all markets in Indonesia Five cities are made as the center for market
operation namely Medan, Jakarta, Bandung, Semarang, and Surabaya. Bulog is set to deliver
1,030 tons of rice per day in the cities.
http://en.tempo.co/read/news/2015/10/02/056705783/Market-Operation-to-Stabilize-Rice-Price-saysJokowi
A
operation
to
distribute 300,000 tons
of rice has been
launched by President
Joko
"Jokowi"
Widodo at a State
Logistics
Agency
(Bulog) warehouse in
Kelapa
Gading,
Jakarta, on Friday, as
part of an effort to
stabilize prices.Jokowi
also launched the 13th
and 14th raskin (ricefor-the-poor) programs during the event to help low-income citizens who are affected by the
recent economic slowdown.
"The rice operation is part of an effort to stabilize the price of food as well as to show that the
government is always ready to help citizens in these difficult times," said Bulog president
director Djarot Kusumayakti as quoted bykompas.com.According to Djarot, the distribution will
happen simultaneously in Jakarta, Medan in North Sumatra, Bandung in West Java, Semarang in
Central Java and Surabaya in East Java.A total of 300,000 tons of rice is set to be distributed
through the program, over time, both via trucks and directly from the warehouse. For the launch
of the operation on Friday, 480 tons will be distributed in Jakarta, 110 tons in Medan, 114 tons in
Bandung, 130 tons in Semarang and 170 tons in Surabaya.In addition to rice, Bulog is also
distributing six tons of meat and eight tons of sugar. (nov/kes)(++++)
http://www.thejakartapost.com/news/2015/10/02/jokowi-launches-rice-market-operationjakarta.html#sthash.pKUvjaCx.dpuf
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According to the Ministry of Agriculture and Rural Development, businesses have exported 4.47
million tons of rice worth US$1.92 billion in the first nine months this year, down 10 percent in
value and 15.7 percent in volume over the same period last year.
China has tightened small volume imports through the border and intensified purchase from
Myanmar, Pakistan and India with lower prices. Thailand has also stepped up supply to this
market.China holds 35 percent of Vietnamese export market share. However the export turnover
to this market has kept falling for recent years, said experts.The country imported nearly 65
percent of its rice demand from Vietnam in 2012-2013, which reduced to 53 percent in 2014 and
47 percent this year.Two other major markets of Vietnam including Indonesia and the
Philippines have planned to reduce import and expand domestic production.Dr. Vo Hung Dung,
director of the Chamber of Commerce and Industry in Can Tho city, said that China and Africa
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The country so should have a new suitable direction for the rice industry to brake the decline
trend, he said.Chairman of the Vietnam Food Association Huynh The Nang said that of the top
five rice exporters in the world in the first eight months this year, only Vietnam saw a value
reduction of 13 percent, while the US increased 34 percent, Pakistan 20 percent, India 18 percent
and Thailand 2.2 percent.Mr. Nang said there too many limitations in the rice industry which
have been repaired very slowly. For instance, the Ministry of Agriculture and Rural
Development has encouraged developing large scale paddy fields to lower cost price and
improve competitiveness, however total area has been less than 200,000 hectare, a tiny ratio
compared to the country's rice farming area.Businesses have been passive in accessing markets
and Vietnamese rice has so far yet to have a brand name or choose a segment in strong position,
he added.
Farmers transport harvested rice home in An Giang province (Photo: SGGP)
By Nguyen Thanh Translated by Hai Mien
http://www.saigon-gpdaily.com.vn/Business/Economy/2015/10/115631/
The European Union was the largest export destination for Cambodian rice, accounting for 64
per cent of shipments for the first nine months of 2015.Song Saran, chairman of Amru Rice,
linked last months dip in exports to a supply shortage as a result of below-average rainfall
earlier in the year that led to an increase in prices, making Cambodias prized jasmine rice less
competitive in international markets.Cambodian rice prices increased last month as stocks were
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2015-10-02 THAILAND
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Agriculture and Cooperatives Ministry permanent secretary Theerapat Prayunrasiddhi said the ministry
had ordered the Royal Irrigation Department (RID) to inform farmers in the Chao Phraya River Basin
about the water situation in order to encourage them not to grow the dry-season rice crop.Theerapat said
the water available in the four major dams in the Chao Phraya River Basin Bhumibol, Sirikit, Kwai Noi
and Pasak Jolasid had only 3,006 million cubic metres as of yesterday, which was very low.
He said the RID, the Water Consumer Committee, irrigation volunteers and other authorities would meet
with farmers to inform them about the water shortage, so that they will avoid the dry-season rice crop
especially because of the high risk of failure of the crop due to water shortages. I would like to inform all
farmers and water users in the Chao Phraya River Basin that we do not have enough water for the dryseason crop, because the available water will be needed for domestic consumption. Irrigation Department
officers will try to create understanding among water consumers about the water-management plan during
the upcoming dry season, he said.
Despite the warning, it was reported that the dry-season rice crop had already been planted in 500,000 rai
(80,000 hectares) of the overall 10.7 million rai of paddy fields in the Chao Phraya River Basin.While a
water shortage was also reported in the Western region, Thanarath Pummakasikorn, the director of
Srinagarindra Dam, said that as of yesterday available water in the dam was only 2,294 million cubic
metres, while available water in the Vajiralongkorn Dam was only 2,274 million cubic metres.
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Soybeans
High Low
Cash Bids 907
822
860
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Riceland Foods
Pendleton: - - -
Pendleton: - - -
Futures:
High
Low
Last
Change
868.25
874.25
-3.00
872.25
878.25
-2.50
876.50
882.00
-2.75
880.50
886.25
-2.00
885.25
891.50
-2.00
885.50
891.25
-1.75
880.00
884.50
-1.25
877.00
882.75
-0.75
885.00
888.50
-1.00
Soybean Comment
Soybeans closed down slightly today, and we're down 15 cents on the week. The market will likely continue in
a sideways to lower trading next week as we approach the next USDA report. Concerns about oversupply and
uncertainty regarding China's imports this fall remain the major driving force in this market. While export
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sales were boosted this week by large sales reports, the market is still looking for more especially if production
numbers are increased next week.
Wheat
High Low
Cash Bids 508
458
423
Futures:
High
Low
Last
Change
511.75
513.25
-5.00
517.25
519.00
-5.25
521.25
523.25
-5.00
523.50
525.25
-4.50
532.50
533.00
-4.25
544.00
546.00
-3.00
557.50
556.50
-2.25
May '17
554.75
-2.00
Jul '17
536.25
-2.00
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Wheat Comment
Wheat prices closed lower today, while prices ended up more than 5-cents on the week. This marks the fifth
week in a row for higher prices. With December wheat near the upper end of recent trading range, the market
will be looking for additional fundamental support to push prices much higher.
Grain Sorghum
High Low
Cash Bids 399
331
349
Corn
High Low
Cash Bids 398
351
382
Futures:
Daily Global
High
Low
Last
Change
384.00
389.25
+0.50
394.50
399.50
-0.25
401.25
406.00
-0.25
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405.75
410.25
-0.50
399.25
403.00
-0.75
406.25
410.00
-0.75
415.75
419.25
-0.75
424.75
425.00
-1.00
428.00
428.75
-0.50
Corn Comment
Corn prices ended the day slightly higher, up just a quarter cent on the week. Corn prices remain volatile as we
continue to get mixed reports from harvest and on the demand side. Prices could come under pressure next
week as multiple private sources raised their corn yields this week. This news combined with slow export sales
is likely to keep corn under $4 through harvest, baring some major surprise from the USDA.
Cotton
Futures:
High
Low
Last Change
Oct '15 - - -
---
59.2
-0.45
60.08
60.14
-0.46
59.91
59.96
-0.33
Cotton Comment
December cotton ended the week on a negative note. Hurricane Joaquin could provide some price support as
harvest is delayed and cotton quality is impacted. Export sales of 117,300 bales were supportive.
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Rice
High Low
Long Grain Cash Bids - - -
---
---
Futures:
High
Low
Last
1319.0
1325.0
-5.0
1350.0
1353.0
-5.0
1380.5
1380.0
-4.0
1394.0
-4.0
1407.5
-3.0
Sep '16
1318.0
-0.5
Nov '16
1318.0
-0.5
May '16
Jul '16 1405.0
1403.0
Change
Rice Comment
Rice futures traded in a narrow range and ended a bit lower. Reports of disappointing yields across the south
coupled with smaller acreage has fueled the recent rally. Concerns about Asian production are also a factor, as
an El Nino weather pattern has caused drought in major production areas. Weekly export sales were solid at
70,500 metric tons, but weren't enough to push prices to a new high. November continues to find resistance at
$13.39.
Cattle
Futures:
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Live Cattle:
High
Low
Last
Change
120.025
123.050
+1.650
128.325
131.500
+1.500
131.250
133.700
+0.900
130.800
133.475
+1.050
123.600
125.525
+0.675
121.750
123.475
+0.900
124.200
125.875
+1.225
125.550
126.450
+0.725
126.000
+0.100
Low
Last
Change
175.025
179.825
+2.425
169.400
175.000
+2.875
164.875
169.900
+3.000
164.375
168.800
+2.975
165.225
169.025
+2.500
165.000
168.800
+2.450
166.750
169.125
+2.250
167.375
168.350
+2.375
Feb '17
Feeders:
High
Arkansas Prices
Arkansas Weekly Livestock Summary
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Cattle Comment
Cattle prices ended the week on a positive note; however prices were still down sharply in the week as live
cattle were down $10 for the week and feeders down $6 on the week. Today's gains were the result of profit
taking after a sharp sell off earlier in the week. Look for prices to remain under pressure as the market remains
concerned about demand.
Hogs
Futures:
High
Low
Last
Change
72.325
73.275
+0.650
64.550
65.675
+1.150
67.200
68.375
+1.175
71.375
72.175
+0.675
77.025
77.025
+0.700
79.550
80.300
+0.750
79.100
80.000
+0.900
78.725
79.050
+0.550
68.050
68.575
+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/
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