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8th January, 2014

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Latest News Headlines

TABLE-India Grain Prices-Delhi-Jan 08 Nigeria: Rice Dealers Appeal for Deadline Extension Nagpur Foodgrain Prices Open-Jan 08 Higher food prices push up inflation Indonesia needs to import more foodstuffs except rice

NEWS DETAILS: TABLE-India Grain Prices-Delhi-Jan 08

Wed Jan 8, 2014 3:03pm IST TABLE-India Grain Prices - Delhi - Jan 08 Rates by Asian News International, New Delhi Tel: 011 2619 1464 Indicative Previous Grains opening close (in rupees per 100 kg unless stated) ---------------------------------------------------------Wheat Desi 2,000-3,000 2,000-3,000. Wheat Dara 1,725-1,825 1,725-1,825. Atta Chakki (per 10 Kg) 215-240 215-240. Roller Mill (per bag) 1,750-1,900 1,750-1,900. Maida (per bag) 1,950-2,050 1,910-2,015. Sooji (per bag) 1,900-2,000 1,900-2,000. Rice Basmati(Sri Lal Mahal) 12,000-14,500 12,050-14,500

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Rice Basmati(Lal Quila) 12,000-14,400 12,000-14,400 Rice Basmati(Common) 8,400-9,400 8,400-9,400. Rice Permal 2,100-2,400 2,100-2,400. Rice Sela 2,850-3,000 2,800-2,950. I.R.-8 1,850-2,000 1,850-2,000. Gram 3,100-3,200 3,100-3,200. Peas Green 3,300-3,700 3,350-3,650. Peas White 2,800-3,000 2,800-3,000. Bajra 1,300-1,650 1,300-1,650. Jowar white 1,500-2,200 1,550-2,250. Maize 1,400-1,600 1,400-1,600. Barley 1,350-1,425 1,350-1,425. Guwar 3,300-3,900 3,300-3,900. Source: Delhi grain market traders.

Nigeria: Rice Dealers Appeal for Deadline Extension

8 JANUARY 2014

Rice dealers yesterday appealed to the federal government to extend the deadline for the proposed ban on the importation of rice from 2015 to 2019.The dealers, who made the appeal while speaking with the News Agency of Nigeria (NAN) in Asaba, the Delta State Capital, said the extension would give rice farmers ample time to prepare themselves to begin large-scale rice production.Although they lauded the policy, they, however, argued the 2015 proposed deadline for the ban to take effect was not realistic.According to them, if the ban goes ahead as planned, it will lead to scarcity of the commodity and worsen the hardship being experienced by Nigerians.Mr. Jude Eze, a rice dealer at the Asaba Ogbeogonogo modern market said: "The initiative is a very good one and a welcome development but 2015 is just by the corner."But my greatest challenge is that our local rice is not available in commercial quantity for now. "More than 90 per cent of the rice we consume in this country is imported rice while the locally produced rice for now can hardly take care of 10 per cent of the population of the country. "And if this proposed policy is implemented in 2015, it will bring about scarcity of rice in the country," Eze said.Another rice dealer, Mr Phillip Orakwe, said the time for the commencement of the ban too short, adding that the rice farmers in the country had not fully developed their strategies to guarantee commercial production of the commodity.According to him, only some few states in the northern part of the country and in the South East were already into serious rice production."The quantity of rice production cannot be commensurate with the consumption demand.

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"Every family in Nigeria eats rice at least three times a week and with the Nigeria population, it will be very difficult for the local rice producers in this country to take care of the demand for now," he said.Mrs Judith Ayeni urged the federal government to heed the call for extension of the time and also introduce incentives that would encourage people to go into large-scale rice production. "When more farmers become involved in largescale rice production, it will go a long way to boost the production of the commodity in the country."When we have local rice in large quantity in the country, the effect of the ban on the importation of rice will be minimal," she added. Ayeni also appealed to the federal government to encourage the growth of the local rice mills in the country.

Nagpur Foodgrain Prices Open-Jan 08

Wed Jan 8, 2014 3:11pm IST Nagpur, Jan 8 (Reuters) - Gram prices in Nagpur Agriculture Produce and Marketing Committee (APMC) continued reported weak on poor demand from local millers amid poor quality arrival. Easy condition on NCDEX and fresh fall in Madhya Pradesh gram prices also pushed down prices in thin trading activity, according to sources. * * * *

FOODGRAINS & PULSES GRAM * Gram mill quality declined in open market on lack of buying support from local traders amid release of stock from stockists. TUAR * Tuar varieties quoted steady in open market on subdued demand from local traders amid increased overseas supply. * Rice Swarna reported strong in open market on renewed marriage season demand from local traders amid tight supply from producing regions like Chhatisgarh and Madhya Pradesh. * In Akola, Tuar - 4,100-4,200, Tuar dal - 6,200-6,400, Udid at 5,000-5,300, Udid Mogar (clean) - 6,100-6,600, Moong - 6,800-7,000, Moong Mogar (clean) 8,200-8,400, Gram - 2,600-2,700, Gram Super best bold - 3,600-3,800 for 100 kg. * Wheat, other varieties of rice and other commodities remained steady in open market in thin trading activity, according to sources. Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg

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FOODGRAINS Available prices Previous close Gram Auction 2,500-2,550 2,520-2,590 Gram Pink Auction n.a. 2,100-2,600 Tuar Auction n.a. 3,800-4,050 Moong Auction n.a. 4,400-4,600 Udid Auction n.a. 4,300-4,500 Masoor Auction n.a. 2,600-2,800 Gram Super Best Bold 3,800-4,000 3,800-4,000 Gram Super Best n.a. Gram Medium Best 3,500-3,700 3,500-3,700 Gram Dal Medium n.a. n.a. Gram Mill Quality 3,250-3,350 3,300-3,400 Desi gram Raw 2,800-2,900 2,800-2,900 Gram Filter Yellow n.a. n.a. Gram Kabuli 7,800-10,200 7,800-10,200 Gram Pink 7,700-8,100 7,700-8,100 Tuar Fataka Best 6,600-6,800 6,600-6,800 Tuar Fataka Medium 6,100-6,300 6,100-6,300 Tuar Dal Best Phod 5,800-6,000 5,800-6,000 Tuar Dal Medium phod 5,400-5,600 5,400-5,600 Tuar Gavarani 4,300-4,400 4,300-4,400 Tuar Karnataka 4,400-4,500 4,400-4,500 Tuar Black 7,000-7,100 7,000-7,100 Masoor dal best 5,400-5,500 5,400-5,500 Masoor dal medium 5,100-5,200 5,100-5,200 Masoor n.a. n.a. Moong Mogar bold 8,600-8,800 8,600-8,800 Moong Mogar Medium best 7,900-8,200 7,900-8,200 Moong dal super best 7,300-7,600 7,300-7,600 Moong dal Chilka 6,800-7,000 6,800-7,000 Moong Mill quality n.a. n.a. Moong Chamki best 6,200-7,000 6,000-6,800 Udid Mogar Super best (100 INR/KG) 6,800-7,000 6,800-7,000 Udid Mogar Medium (100 INR/KG) 5,400-6,200 5,400-6,200 Udid Dal Black (100 INR/KG) 4,600-4,800 4,600-4,800 Batri dal (100 INR/KG) 3,800-4,000 3,800-4,000 Lakhodi dal (100 INR/kg) 3,000-3,100 3,000-3,100 Watana Dal (100 INR/KG) 3,200-3,300 3,200-3,300 Watana White (100 INR/KG) 3,200-3,300 3,100-3,200 Watana Green Best (100 INR/KG) 4,100-4,500 4,100-4,500 Wheat 308 (100 INR/KG) 1,750-1,850 1,750-1,850 Wheat Mill quality(100 INR/KG) 1,700-1,750 1,700-1,750

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Wheat Filter (100 INR/KG) 1,700-1,900 1,700-1,900 Wheat Lokwan best (100 INR/KG) 2,000-2,500 2,000-2,500 Wheat Lokwan medium (100 INR/KG) 1,950-2,100 1,950-2,100 Lokwan Hath Binar (100 INR/KG) n.a. n.a. MP Sharbati Best (100 INR/KG) 3,200-3,600 3,200-3,600 MP Sharbati Medium (100 INR/KG) 2,700-2,900 2,700-2,900 Wheat 147 (100 INR/KG) 1,550-1,650 1,550-1,650 Wheat Best (100 INR/KG) 1,600-1,700 1,600-1,700 Rice BPT (100 INR/KG) 3,000-3,300 3,000-3,300 Rice Parmal (100 INR/KG) 1,800-1,850 1,800-1,850 Rice Swarna Best (100 INR/KG) 2,600-2,700 2,500-2,650 Rice Swarna Medium (100 INR/KG) 2,300-2,450 2,250-2,400 Rice HMT (100 INR/KG) 4,100-4,400 4,100-4,400 Rice HMT Shriram (100 INR/KG) 4,500-5,000 4,800-5,000 Rice Basmati best (100 INR/KG) 11,000-13,500 11,000-13,500 Rice Basmati Medium (100 INR/KG) 6,300-7,600 6,300-7,600 Rice Chinnor (100 INR/KG) 5,500-5,800 5,500-5,800 Rice Chinnor Medium (100 INR/KG) 5,100-5,300 5,100-5,300 Jowar Gavarani (100 INR/KG) 1,450-1,600 1,450-1,600 Jowar CH-5 (100 INR/KG) 1,750-1,850 1,750-1,850 WEATHER (NAGPUR) Maximum temp. 27.2 degree Celsius (81.1 degree Fahrenheit), minimum temp. 13.1 degree Celsius (55.6 degree Fahrenheit) Humidity: Highest - n.a., lowest - n.a. Rainfall : nil FORECAST: Clear sky. Maximum and Minimum temperature likely to be around 28 and 14 degree Celsius respectively. Note: n.a.--not available (For oils, transport costs are excluded from plant delivery prices, but included in market prices.)

Higher food prices push up inflation

The rate rises to 7.35pc in December Rejaul Karim Byron

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Like the previous months, inflation rose in December also mainly due to a hike in food prices, especially rice.Inflation went up by 0.20 percentage point to 7.35 percent in December compared to the previous month, while food inflation increased by 0.45 percentage point to 9 percent, according to Bangladesh Bureau of Statistics (BBS). However, non-food inflation fell by 0.80 percentage point to 4.88 percent in the month.Rice prices marked a rise by 6-14 percent in 2013, according to Trading Corporation of Bangladesh.However, flour prices decreased by 1-4 percent during the period as most people consume rice.BBS Director General Golam Mostafa Kamal said severe political unrest in the last two months has brought the supply chain to its knees, leading to a price hike.Most rice mills across the country also remained closed during unrest which also caused a rise in the prices of the staple, he said.Hassan Zaman, chief economist at Bangladesh Bank, said the rise in inflation is clearly of concern with the rise in food prices driven by the supply disruptions, higher costs of production and the fact that Indian inflation has risen sharply in the past few months.At a time when food inflation is on the rise, the wage rate decreased in the manufacturing and agriculture sectors that employ a big portion of the total workforce.According to BBS data, in case of the manufacturing industry, the wage rate fell by 0.01 percentage point and stood at 1.11 percent in December compared to the previous month. In the agriculture sector, the wage rate dropped by 0.73 percentage point to 0.33 percent. The BB economist said, Higher food prices affect the urban poor the most and therefore programmes such as the Open Market Sales (OMS) of subsidised rice should be scaled up.However, about the reason behind the fall in non-food inflation, Zaman said it is likely due to lower aggregate demand because of dampened economic activities and consumer spending over the past month. Zahid Hussain, lead economist at World Bank's Dhaka office, said the continuous blockades and shutdowns caused more decline in the incomes of the poor.Hussain said when the poor people's incomes fall the first option they go for is cutting back on non-food consumption.BBS Director Abul Kalam Azad also said the fall in nonfood inflation is an effect of political disruption. People's expenditure on fuel, recreation and other purposes has decreased due to unrest. Due to blockades and strikes people are also unable to spend on transportation, Azad said.According to the BBS, the rise in food inflation in December was much higher in rural areas than that in urban areas.It increased by 0.60 percentage point in rural areas, but in urban areas it rose by 0.22 percentage point.WB's Hussain said the supply chain disruptions hit the rural areas hard this time.Food items imported through land ports could be supplied to the urban areas under protection of the law enforcing agencies, but those could not be carried to the rural areas so easily. As a result, the prices of food items increased more in the rural areas, Hussain said.

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Published: 12:01 am Wednesday, January 08, 2014

Indonesia needs to import more foodstuffs except rice

News Desk

The Jakarta Post

Publication Date : 08 -01-2014

Indonesia will still need to import many essential food items like beef, sugar and soybeans this year but not rice, thanks to a combination of rising output and sufficient stocks.Agriculture Minister Suswono said Tuesday that production of unhusked rice would increase by 8 per cent to 76.57 million tonnes this year from 70.87 million in 2013, while the nation still had a stock carry-over of 2 million tonnes at the end of last year.The ministry has previously reported that the average national demand for rice is around 34 million tonnes per year, while 70 million tonnes of unhusked rice is equal to 39 million tonnes of rice. So, I can guarantee that we will not be importing our main staple food this year, he said while opening the national agriculture development working meeting at the ministrys office.State Logistics Agency (Bulog) president director Sutarto Alimoeso said, however, that his agency did not know yet if the government would have to import rice this year.We need to see our production capacity first. The production may drop this year if the climate is not favourable, he said.Bulog did not import rice last year because the national output sufficiently met demand, Sutarto said.The last time the government imported rice was in 2012. Last years imports were done by private companies, he said.Suswono said that he was optimistic that the national rice output would increase this year, given the forecast of a favourable global climate, along with the subsidies and even distribution of fertilisers and seeds.He said that the government allocated 21.05 trillion rupiah (US$1.72 billion) and 1.56 trillion rupiah for fertiliser and seed subsidies, respectively. However, he said Indonesia would continue to import beef, sugar and soybeans because local production had not met demand yet.Last year, the country produced 0.43 million tonnes of beef while local demand reached 0.55 million tonnes, Suswono said.The country also could not meet the local demand for soybeans, the main ingredient in making the popular dish tempeh (fermented soy cake).Soybean production dropped 3.5 per cent to 0.81 million tonnes last year from 0.84 million tonnes in 2012, Suswono said, adding that the local demand for soybeans reached 2.5 million tonnes per year.The production of sugar met the annual household demand of 384,300 tonnes last year, but not for industrial needs, he said.He said the country produced 2.54 million tonnes of sugar last year, but total national demand for sugar reached 5.8 million tonnes.Suswono blamed land conversion and heavy rain as factors that decreased the total production of sugar and soybeans last year.Around 100,000 hectares of farm land was converted into industrial land or housing areas last year. Therefore, we did not have enough land to plant sugarcane and soybeans, he said, adding that local administrations had to actively control farm land-use in their respective areas.

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