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June 18 ,2015

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Asian palm oil, rice yet to price in severe El Nino: Russell


Thu Jun 18, 2015 6:02am EDT
LAUNCESTON, AUSTRALIA, JUNE 18 | BY CLYDE RUSSELL

Workers stand near palm oil fruits inside a palm oil factory in Sepang, outside Kuala Lumpur, February 18, 2014.
REUTERS/SAMSUL SAID

- The warnings of a strong El Nino weather phenomenon have been ramped up in recent weeks,
but some Asian agricultural prices have yet to fully price in the looming drought.The
meteorological agencies of the United States, Japan and Australia have all upped their forecasts
for the strength and duration of the El Nino effect, which is caused by rising sea-surface
temperatures in the Pacific Ocean.El Nino brings drier conditions to Southeast Asia, India and
Australia, and a severe event can hurt output of agricultural commodities, such as palm oil, rice,
rubber, wheat and cotton.In contrast, El Nino, the Spanish word for small boy, brings wetter
weather to the Americas and sometimes to North Asia.

There is an 85 percent likelihood that the El Nino weather pattern that's currently developing will
likely last into 2016, the Climate Prediction Center, an agency of the U.S. National Weather
Service, said on June 11.Previously the agency had said there was an 80 percent chance that El
Nino would last through 2015.The Japan Meteorological Agency said on June 10 that the El
Nino was strengthening and was likely to reach intensity levels seen in 2009, which caused
widespread damage to crops in Asia and Australia and caused food prices to surge.Australia's
Bureau of Meteorology said on June 9 that Pacific ocean temperatures are continuing to warm,
and that El Nino conditions are already at "moderate" levels and expected to persist through
2015.

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So far, the reaction in several Asian commodity markets to the consensus of forecasters that the
El Nino risks are rising has been muted.It's true that prices of many commodities are at, or near,
cyclical lows and past experience has shown that they only tend to move higher once it's
virtually certain that output will be cut by a weather event.The experience of 2012 and 2014,
when an El Nino was forecast but didn't materialize in any significant way, has also likely made
traders and investors somewhat more cautious.But it's worth bearing in mind that palm oil prices
leapt 57 percent in 2009, partly due to the El Nino that year.Malaysian palm oil futures have
been remarkably stable so far this year, up about 1 percent from the 2,266 ringgit per tonne at the
end of last year. The contract is, however, down around 5 percent in U.S. dollar terms this
year.The tropical oil has been losing ground against rival soy oil, with Chicago futures gaining
2.1 percent from the start of the year to Wednesday's close.
EL NINO TO NARROW PALM, SOY OIL GAP
Converting both contracts into U.S. dollars per tonne showed soyoil prices were $117 a tonne
above palm on Wednesday, up from $66 at the end of last year.In the last major El Nino event in
2009, the gap between the two contracts narrowed sharply once the full impact of the weather
event hit production by the end of 2010.At the start of 2009, soy oil commanded a $257 premium
over palm oil, but this narrowed to $41 by the end of 2010.Although the gap between the two is
currently not as wide as it was at the start of 2009, history does suggest there is scope for it to
narrow over the medium term if this El Nino is as bad as forecasters predict.
The palm oil futures curve <0#1FCPO:> shows it has moved into a mild contango from being
flat three months ago, with the 12-month contract trading 6.6 percent above the three-month on
Thursday.Rice is another major Asian commodity that could be affected by a strong El Nino,
with output likely to drop.However, the rice market is still trying to digest the massive overhang
of stocks built up in Thailand during the government buying program of Yingluck Shinawatra,
the prime minister removed last year by the military partly as a result of the scheme's vast cost
and lack of success.
Thai benchmark 5-percent broken white rice dropped to $365-$368 a tonne on Wednesday, the
lowest since January 2008.With ample rice stocks and low prices it may be tempting for
governments in importing countries such as the Philippines and Indonesia to boost reserves in
case a severe El Nino does materialize.But similar to palm oil, rice prices are likely to rise only
once it becomes clearer that output is going to decline because of El Nino.
(Clyde Russell is a Reuters columnist. The views expressed are his own)
(Editing by Himani Sarkar)

http://www.reuters.com/article/2015/06/18/us-column-russell-agriculture-asiaidUSKBN0OY12M20150618?utm_source=USA+Rice+Daily%2C+June+19%2C+2015&utm_campaign
=Friday%2C+December+13%2C+2013&utm_medium=email
http://in.reuters.com/article/2015/06/19/nagpur-foodgrain-idINL3N0Z537Q20150619

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FPCCI pleads for formation of Rice Development Board


Thursday, 18 June 2015 21:46
Posted by Parvez Jabri

ISLAMABAD: Federation of Pakistan Chambers


of Commerce and Industry (FPCCI) Thursday
called for formation of Rice Development Board
(RDB), aimed at development of the sector and
boost its exports for the benefit of the
country.According to an FPCCI statement, Abdul
Rahim Janoo, its Sr. Vice President, had written a
letter to Engr. Khurram Dastgir Khan, Federal
Commerce Minister and Sikander Hayat Khan
Bosan, Federal Minister for Food Security &
Research in this regard.He urged them to
constitute a Rice Development Board (RDB) for
providing a single platform to effectively and
forcefully deal with the issues - related to
development and promotion of all varieties of rice grown in the country, especially the unique
Basmati rice as well as regular paddy - of all the stakeholders on Board.
The SVP of FPCCI was of the view that Rice exports on an average was stuck-up at around $ 2
billion per annum mainly due to the lack of knowledge about latest research & development in
the field of new rice varieties that yield more at lower cost and are acceptable to the global
market.He disclosed, "Our competitors have come up with such products due to market oriented
or demand driven research in consultation with all the stakeholders (rice growers, millers,
exporters, traders etc.) on one platform, whereas, on the contrary, our research has been
exclusive and in isolation, either in public or private sectors".The FPCCI's Sr. Vice President
added that formation of the proposed "Rice Development Board" based on public-private
partnership concept would transcend across all barriers both designed and unintended and would
have two chapters, namely, Basmati Chapter and Paddy Chapter (for regular non Basmati rice
paddy).
"It would have the Federal and Provincial bodies and institutions seamlessly on the Board
besides private sector as well as technical experts both from public and private sectors", he
elaborated.He further said that the proposed Board would be headed by a Federal Secretary as
Governor of the Board with Deputy Governors, one each for Basmati and Paddy Chapters, from
the rice exporting body to better define market demand criteria.Abdul Rahim Janoo, SVP, FPCCI
therefore, asked both the Commerce Minister and Food Minister to extend their cooperation for
formation of such a venture.

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Soil microbe blocks arsenic uptake in rice


A microbe that mobilizes an iron shield to block the uptake of toxic arsenic in rice has been
found giving hope that a low-cost solution a probiotic for rice plants may be in sight.
http://www.thehindu.com/todays-paper/tp-features/tp-sci-tech-and-agri/soil-microbe-blocks-arsenicuptake-in-rice/article7327253.ece

Paddy farmers bitter over paltry increase in MSP


Updated: June 18, 2015 05:45 IST G.

VENKATARAMANA RAO

The Centres decision to raise the minimum support


price for paddy by Rs 50 to Rs 1410 has left
farmers here disappointed.The Cabinet Committee
for Economic Affairs (CCEA) on Wednesday
announced an MSP of Rs 1,410 per quintal of
ordinary paddy and Rs 1,450 per quintal of fine
paddy.The Consortium of Indian Farmers
Associations (CIFA) leader, Mr. P.Chengal Reddy
said a mere Rs 50 increase in MSP was not
acceptable to farmers in Andhra Pradeshl. The BJP
had in its election manifesto said it would fix MSP
at cost of production plus 50 per cent.By breaking
its promise, the Union Government has lost the
confidence of farmers here, he said.Mopidevi
paddy farmer Tummala Vishal Rao said ordinary
variety paddy normally fetched Rs 1,060 a bag (75
kg), or Rs 1,413.33 a quintal. He got a yield of 27
bags per acre and earned Rs 28,620 an acre, but his
expenditure itself would be Rs 23,000.Ownerfarmer, Mr Vishal Rao said he would barely
manage to recover his investment but then, but 70
per cent of paddy growers are tenant farmers, who
have to pay a lease cost of 20 bags and would not
break even unless their yields were 40-45 bags an acre.YSR Congress Farmers Wing Convenor,
Mr. M.V.S. Nagireddy pointed out that the UPA 1 government had hiked the MSP for paddy by
83 per cent (from Rs 550 to Rs 1,000) and UPA 2 had increased it by 31 per cent (from Rs 1,000
to Rs 1,310). The NDA government, in contrast, increased MSP by a mere 7.5 per cent in two
years. The NDA was a harsh critic of the UPA, but its own performance was worse, Mr. Reddy
said.

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Nagpur Foodgrain Prices Open- Jun 18


Nagpur, June 18 Gram and tuar prices recovered in Nagpur Agriculture Produce and
Marketing Committee (APMC) here on good demand from local millers amid weak arrival from
producing regions because of heavy pre-monsoon rains in parts of Vidarbha. Fresh rise in
Madhya
Pradesh pulses and enquiries from South-based millers also jacked up prices, according to
sources.
*

FOODGRAINS & PULSES


GRAM
* Gram varieties ruled steady in open market on subdued demand from local traders amid
ample stock in ready position.
TUAR
* Tuar gavarani showed weak tendency in open market here in absence of buyers amid
high moisture content arrival.
* Moong varieties reported down in open market on lack of demand from local traders
amid release of stock from stockists.
* In Akola, Tuar - 7,300-7,700, Tuar dal - 10,100-10,500, Udid at 9,100-9,600,
Udid Mogar (clean) - 10,700-11,100, Moong - 9,000-9,200, Moong Mogar
(clean) 10,700-11,100, Gram - 4,200-4,500, Gram Super best bold - 6,100-6,300
for 100 kg.
* Wheat, rice and other commodities remained steady in open market in poor trading
activity, according to sources.
Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg

FOODGRAINS
Available prices Previous close
Gram Auction
3,600-4,510
3,570-4,400
Gram Pink Auction
n.a.
2,100-2,600
Tuar Auction
6,350-7,100
6,300-7,100
Moong Auction
n.a.
6,000-6,300
Udid Auction
n.a.
4,300-4,500
Masoor Auction
n.a.
2,600-2,800
Gram Super Best Bold
5,800-6,000
5,800-6,000
Gram Super Best
n.a.
Gram Medium Best
5,500-5,600
5,500-5,600
Gram Dal Medium
n.a.
n.a.
Gram Mill Quality
5,100-5,300
5,100-5,300

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Desi gram Raw


4,400-4,450
4,400-4,450
Gram Filter new
5,600-5,800
5,600-5,800
Gram Kabuli
5,500-7,000
5,500-5,700
Gram Pink
6,400-6,600
6,400-6,600
Tuar Fataka Best
10,500-10,800
10,500-10,800
Tuar Fataka Medium
9,900-10,300
9,900-10,300
Tuar Dal Best Phod
9,500-9,700
9,500-9,700
Tuar Dal Medium phod
8,800-9,300
8,800-9,300
Tuar Gavarani New
7,250-7,350
7,300-7,400
Tuar Karnataka
7,900-8,000
7,900-8,000
Tuar Black
11,000-11,300
11,000-11,300
Masoor dal best
8,000-8,200
8,000-8,200
Masoor dal medium
7,500-7,900
7,500-7,900
Masoor
n.a.
n.a.
Moong Mogar bold
10,400-10,700
10,500-10,800
Moong Mogar Medium best
9,700-10,200
9,800-10,300
Moong dal Chilka
9,100-9,500
9,200-9,600
Moong Mill quality
n.a.
n.a.
Moong Chamki best
9,600-9,900
9,600-9,900
Udid Mogar Super best (100 INR/KG) 11,500-11,750
11,500-11,750
Udid Mogar Medium (100 INR/KG) 10,600-10,800
10,600-10,800
Udid Dal Black (100 INR/KG)
8,900-9,200
8,900-9,200
Batri dal (100 INR/KG)
4,200-4,400
4,200-4,400
Lakhodi dal (100 INR/kg)
3,200-3,350
3,200-3,350
Watana Dal (100 INR/KG)
3,300-3,400
3,300-3,400
Watana White (100 INR/KG)
3,000-3,100
3,000-3,100
Watana Green Best (100 INR/KG) 3,600-4,500
3,600-4,500
Wheat 308 (100 INR/KG)
1,400-1,600
1,400-1,600
Wheat Mill quality(100 INR/KG) 1,550-1,650
1,550-1,650
Wheat Filter (100 INR/KG)
1,400-1,600
1,400-1,600
Wheat Lokwan best (100 INR/KG) 2,200-2,400
2,200-2,400
Wheat Lokwan medium (100 INR/KG) 1,900-2,100
1,900-2,100
Lokwan Hath Binar (100 INR/KG) n.a.
n.a.
MP Sharbati Best (100 INR/KG) 3,100-3,600
3,100-3,600
MP Sharbati Medium (100 INR/KG) 2,700-2,900
2,700-2,900
Wheat 147 (100 INR/KG)
1,400-1,500
1,400-1,500
Wheat Best (100 INR/KG)
1,900-2,100
1,900-2,100
Rice BPT New(100 INR/KG)
2,600-3,000
2,600-3,000
Rice BPT (100 INR/KG)
3,200-3,400
3,200-3,400
Rice Parmal (100 INR/KG)
1,500-1,750
1,500-1,750
Rice Swarna new (100 INR/KG)
2,150-2,450
2,150-2,450
Rice Swarna old (100 INR/KG) 2,600-2,800
2,600-2,800
Rice HMT new(100 INR/KG)
3,100-3,600
3,100-3,600
Rice HMT (100 INR/KG)
3,600-4,000
3,600-3,900
Rice HMT Shriram New(100 INR/KG) 4,000-4,500
4,000-4,500
Rice HMT Shriram old (100 INR/KG) 4,500-5,200
4,500-5,200

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Rice Basmati best (100 INR/KG) 8,200-10,200


8,200-10,200
Rice Basmati Medium (100 INR/KG) 6,000-7,200
6,000-7,200
Rice Chinnor new (100 INR/KG) 4,700-4,900
4,700-4,900
Rice Chinnor (100 INR/KG)
5,200-5,600
5,200-5,600
Jowar Gavarani (100 INR/KG)
2,200-2,450
2,200-2,450
Jowar CH-5 (100 INR/KG)
2,500-2,600
2,500-2,600
WEATHER (NAGPUR)
Maximum temp. 36.6 degree Celsius (92.5 degree Fahrenheit), minimum temp.
23.3 degree Celsius (73.9 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : 17.0 mm
FORECAST: Partly cloudy sky. Rains or thunder-showers likely towards evening or night.
Maximum and minimum temperature would be around and 35 and 24 degree Celsius
respectively.
Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but included in market prices.)

PH to buy higher priced rice from Vietnam


June 18, 2015 9:58 pm

by JAMES KONSTANTIN GALVEZ REPORTER

THE Philippines has agreed to pay Vietnam close to $1 million more as the National Food
Authority (NFA) scrambles to fill up its buffer rice stock requirement two weeks ahead of the
lean season.During a special meeting on June 17, the interagency NFA Council has accepted
Vietnams revised offer of $416.85 per metric ton (MT) for 100,000 metric tons of rice, the staterun grains agency said in a statement.The offer was above the $408.14 per MT ceiling set by the
Philippine government.Earlier, he NFA Committee on GovernmenttoGovernment Procurement
(CGGP) rejected initial offers from Cambodia, Thailand, and Vietnam, which were way above
the reference price for 100,000 MT of wellmilled, long grain white rice25 percent broken.
Thailand offered $418 per MT, Vietnam offered $417, and Cambodia offered $464.During the
second round, Thailand backed out of the bidding, saying that the Philippine governments
reference price was too low compared with the average price prevailing in the world
market.Cambodia offered 50,000 MT at $455.50 per MT, while Vietnam offered 100,000 MT at
$416.85 per MT both offers were beyond the ceiling set by the NFA Council.The situation
compelled the CGGP to call on the NFA Council for a decision.

The NFA Council is chaired by Secretary Francis N. Pangilinan of the Office of the Presidential
Assistant for Food Security and Agricultural Modernization, with the Bangko Sentral ng
Pilipinas, Development Bank of the Philippines, Land Bank of the Philippines, Department of
Finance, Department of Trade and Industry, National Economic Development Authority, NFA
and a farmers representative as members.The council awarded the contract to Vietnam, citing

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that under the terms of reference of the G2G importation, in the event that revised offers are
submitted, these shall be evaluated on the basis of the lowest price.The 100,000 MT of rice is
part of the 250,000 MT that the NFA Council approved to buy under the recommendation of the
Food Security Committee to head off the lean season when the supply of rice is traditionally low
and prices are high.
The shipment is expected to arrive in the country on August 15.NFA Administrator Renan
Dalisay said the weighted average price for the 250,000 MT was $412.81 per MT while the
average price for the rejected bids was $455 for Cambodia, $419 (Thailand), and $418
(Vietnam).Taking this bid and comparing it to the average weighted price of $412.81 will show
that we got a good price relative to the initial bid offers, Dalisay said in a text message.The
NFA chief said they are under pressure to make the rice imports available by July 1, the start of
the lean season.
http://www.manilatimes.net/ph-to-buy-higher-priced-rice-from-vietnam/193045/

840,000 tons of rice sold in the 3rd/2015 rice auction


Thursday, 18 June 2015By NNT

BANGKOK, 17 June 2015 - The Ministry of Commerce reported that 840,000 tons of rice out of
the 1.06 million tons worth 7.8 billion baht in the government stockpile, were sold in the 3rd
auction.Miss Banjongjit Angsusingh, Deputy Director-General of the Department Foreign Trade,
said 40 out of the 43 qualified business operators made offers this time. She said 107 out of 153
silos of rice had been sold, netting 7.8 billion baht in a 840,000-ton rice deal.The Deputy
Director-General said her department would forward the auction result to the National Rice
Policy Committee before officially announcing it to the public and the bid winner in due course.
http://www.pattayamail.com/business/840-000-tons-of-rice-sold-in-the-3rd-2015-rice-auction48139#sthash.5SMocWDU.dpuf

EU seeks aromatic rice import deal with Myanmar


EU seeks aromatic rice impo
Xinhua News Agency on Jun 17, 2015 @ 8:20 PM
EU seeks aromatic rice import deal with Myanmar.EU seeks aromatic rice import deal with Myanmar

YANGON, June 18 (Xinhua) -- The European Union is seeking to import Myanmar's


aromatic rice as demand in Europe is on rise, an official report said Thursday.Myanmar has two
types of aromatic rice - Lone Thwal Hmwe and Paw San. Paw San was judged the world's best
rice at the World Rice Conference in 2011.Officials of the Myanmar Rice Federation (MRF) said
Myanmar can grow both short and long grain aromatic rice to meet EU demand through the
country's contract farming system, pointing out that exporting to Europe would enable Myanmar
growers to diversify their markets.

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10

However, the officials added that local farmers will need to grow a greater volume of
aromatic rice to supply the EU market as local consumption already accounts for most of the
crop.Paw San rice is priced at around 900 U.S. dollars per ton in its export.According to the
MRF, Myanmar targets to export some 200,000 tons of rice to the EU this year against 100,000
tons last year.About 70 percent of Myanmar's rice export go to China with the rest going to EU,
Japan and African markets.EU figures show that export of Myanmar milled rice to Europe
increased 120 percent between September 2014 and April 2015, while broken rice export rose 81
percent during the same period.Myanmar official statistics show that the country's rice export
reached nearly 2 million tons in the fiscal year 2014-15 which ended in March, up 40 percent
from the previous year.
This article was produced by the Xinhua News Agency, the official press agency of the People's Republic
of China. Xinhua describes itself as the "information organ of the central government." Given Chinas
size and importance, GlobalPost publishes Xinhuas press feed as a resource for its readers and makes no
claims as to journalistic accuracy

Tidbits: Kool-Aid gelatin dessert; jasmine and basmati


rice
Hamilton Spectator
By Al Sicherman
JIGGLE VS. JIGGLE
Mr. Tidbit has seen some strange things, but he doesn't recall ever seeing a product and a new
virtually identical competing product coming from the same company.But that's the case with
new Kool-Aid gelatin dessert. It's made by the Kraft Foods Group, which also makes Jell-O. The
Kool-Aid box carries the iconic Kool-Aid pitcher, but otherwise there is almost no difference
between the 3-ounce packages, and when Mr. Tidbit and two of his little friends tried the grape
version of each, they found no apparent difference in Flavour. Both desserts even had the
identical amethyst colour. (Mr. Tidbit would have called it "purple," but his little friends are
much more graphics-oriented.)
There is one difference, though: Where Mr. Tidbit found them, the box of Jell-O sold for 67
cents; the Kool-Aid gelatin was 73 cents. That's 9 per cent more.

10

MORE NICE RICE


A few weeks ago, Mr. Tidbit discussed his somewhat delayed discovery of Uncle Ben's new
basmati rice and jasmine rice, which cook in 10 minutes (and Uncle Ben's two-serving Ready
Rice versions of basmati and jasmine rice, which microwave in 90 seconds and are so old that
the packages don't even say "new"). He marvelled that the once-exotic rices had begun turning
up as brand-name staples.Since then, he discovered that he had still failed to notice several other
related brand-name products, not one of which apparently is new. There's Uncle Ben's Ready
Rice brown basmati rice, and entries from two other rice purveyors:

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11

Success Rice sells jasmine and basmati rice in 14-ounce boxes (eight boil-in-bag servings) at
essentially the same per-ounce price as the Uncle Ben's 10-minute products.And there's Minute
Rice jasmine rice in a two-pack of single-serving microwave tubs. Where he found it, it's a little
cheaper than the Uncle Ben's microwave products. But all the microwave rices are much more
expensive per serving than any of the rices that require you to get out a pan. Serving sizes are
inconsistent, but the cost of a serving of one of the microwaved aromatic rices is roughly triple
that of one of the you-boil-it versions.
Minute Rice apparently also sells boil-in-the bag jasmine and basmati rices, but Mr. Tidbit hasn't
found them on the shelf anywhere. Yet.
Star Tribune (Minneapolis)

APEDA NEWS (INDIA)


Price on: 18-06-2015

Product

Benchmark Indicators Name

Price

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

5975

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

5375

Turkish size 8, CIF UK (USD/t)

4375

Californian Thompson seedless raisins, CIF UK (USD/t)

2658

South African Thompson seedless raisins, CIF UK (USD/t)

2292

Australian 5 Crown, CIF UK (USD/t)

3044

Iranian natural sultanas (Gouchan), CIF UK (USD/t)

1878

Turkish No 9 standard, FOB Izmir (USD/t)

2150

Apricots

Raisins

Sultanas

Source:agra-net

For more info

Market Watch
Commodity-wise, Market-wise Daily Price on 18-06-2015
Domestic Prices
Product

Unit Price : Rs per Qty

Market Center

Variety

Min Price

Max Price

Dahod (Gujarat)

Other

1200

1300

Kota (Rajasthan)

Other

1101

1200

Satna (Madhya Pradesh)

Other

1111

1185

Dhing (Assam)

Other

1350

1500

Samrala (Punjab)

Other

1025

1150

Amreli (Gujarat)

Other

1555

2000

Aroor (Kerala)

Other

3500

3700

Vikasnagar (Uttrakhand)

Other

2000

2000

Mechua (West Bengal)

Other

2400

2900

Barley (Jau)

Maize

Mousambi

11

Brinjal

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12

Chala (Kerala)

Other

3200

3250

Bargarh (Orissa)

Other

1200

1400

Shillong (Meghalaya)

Other

1600

2000

Source:agra-net

For more info

Egg

Rs per 100 No
Price on 18-06-2015
Product

Market Center

Price

Pune

435

Nagapur

410

Namakkal

420

Source: e2necc.com

Other International Prices

Unit Price : US$ per package


Price on 17-06-2015

Product

Market Center

Origin

Variety

Low

High

Onions Dry

Package:50 lb sacks

Atlanta

Baltimore

Dallas

Mexico

Yellow

23

24

California

Yellow

28

28

Texas

Yellow

21

24

Cabbage

Package: 50 lb cartons

Atlanta

Florida

Round Green Type

14

14

2
3

Detroit

Texas

Round Green Type

13

13.50

Miami

Georgia

Round Green Type

12

Apples

14
Package: cartons tray pack

Atlanta

Washington

Red Delicious

24

24

Detroit

Washington

Red Delicious

23.50

26

Miami

Washington

Red Delicious

28

28

Source:USDA

Pakistan to draft GI law


It aims at bring international distinction to indigenous Pakistani products

12

As the negotiators in Geneva, last


month,
approved
a
revised
international registration system
providing protection for names that
identify the geographic origin of
products such as coffee, tea, fruits,
wine, pottery, glass and cloth,
Pakistan also plans to enact a
Geographical Indication Law (GI
law)
to
bring
international
distinction to indigenous Pakistani

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13

products.Minister for Commerce Khurram Dastgir Khan said on Thursday that the GI law would
be enacted for the registration of Pakistani products having unique attributes for recognition at
the international level.
The GI is a concept of international trade which associates a certain product to a specific location
thus identifying its originality and uniqueness. Such an indication to any product distinguishes it
from the rest of same kind thus bringing premium to its price.Dastgir said directions had been
issued to the ministry of commerce to initiate coordination with the concerned stakeholders of
the intellectual property organisation Pakistan, ministry of national food security and research,
concerned provincial departments and private sector. He said the GI law was needed and would
enhance visibility of several Pakistani export items in the international market.The government
has remained under pressure from the basmati growers and exporters since the start of this
millennium to enact the GI law to oust India from the basmati market. However, the commerce
ministry and ministry of agriculture failed to enact the law.
Pakistan possesses several such products which have distinctive attributes through which they
can make a niche in the international market once they are certified as GI. Basmati rice, Chaunsa
mango, Hunza apricot, Peshawari chappal, Sindhi ajrak are among the top Pakistani products
which will get international recognition under the GI law.Experts are of the opinion that if
Pakistan enacts the law then export of Pakistani products like basmati rice and fruits will pick up
in near future which at present are under a lot of pressure from India. Absence of GI law has led
to the failure of investment in the basmati rice processing, especially in Punjab, during the last
decade, even though initially it was projected that the new investment along with GI certification
will open new markets in Middle East, Far East, Europe and North America.
It is important to mention a diplomatic conference in Geneva on May 21, 2015, which adopted
the Geneva Act of the Lisbon Agreement on Appellations of Origin and Geographical
Indications. The Geneva Act allows the international registration of GIs, in addition to
appellations of origin, and permits the accession to the Lisbon Agreement by certain
intergovernmental organisations. The new GI agreement drafted by the World Intellectual
Property Organisation will lead to new era of trade of GI products.
http://www.pakistantoday.com.pk/2015/06/18/business/pakistan-to-draft-gi-law/

Rice millers threaten agitation against 'corrupt practices'


in FCI
HT Correspondent, Hindustan Times, Moga

|
Updated: Jun 18, 2015 21:36 IST

13

The Punjab Rice Millers Association (PRMA) has warned that if 'corrupt practices' did not stop
in the Food Corporation of India (FCI) during the coming paddy season, then the rice millers
would boycott the milling process and start a state-wide agitation.
The PRMA alleged that the authorities of the FCI were not showing any interest to check
corruption in the procurement system though the Union government has taken it

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14

seriously.Addressing a state-level meeting here on Thursday, Tarsem Saini, state president of the
PRMA, said that there was no doubt that the Union government had formed some best policies
for purchasing and storing of foodgrains, however, at the ground level, the policies are not being
implemented.
He said the FCI had issued a circular that while accepting the custom-milled rice, the authorities
would record the weight of only 10% of the delivery for acceptance and storage of the stock in
the warehouses. "But, the FCI is not willing to record the weight of the whole consignment of
rice even as the computerised weighing machines are available with them at their warehouses,"
said Saini.During the meeting, the rice millers said that now Adesh Partap Singh Kairon,
minister for food and civil supplies, has agreed to allocate and distribute paddy in a uniform way
to the millers by constituting sub-committees at the local level so as to end corruption in the
allotment of paddy quota to the millers.
"Under this concept, we are going to set up special committees at the district level across the
state to check corrupt practices during the period of paddy allocation," he said.Rice millers raised
their voice against the FCI and said that, in most cases, bribe is demanded from millers for
acceptance of the stock and for quality assurance.PRMA leaders said, "FCI authorities also
blackmail rice milers on the pretext of quality checking of the stored rice and by conducting tests
in FCI laboratories. The union government has recently set up the Central Grain Analysis
Laboratory (CGAL) at New Delhi and all the samples of disputed cases must be referred to it and
the report of this laboratory should be considered final."
http://www.hindustantimes.com/bathinda/rice-millers-threaten-agitation-against-corruptpractices-in-fci/article1-1360325.aspx

Vermont's GMO labeling law could cost grocers up to $10


million per day in fines

WILSON RING, ASSOCIATED PRESS


JUN. 18, 2015, 10:46 PM
Erik De Castro / ReutersA

scientist shows "Golden Rice" (R) and ordinary rice at the International Rice
Research Institute in Los Banos, Laguna south of Manila, August 14, 2013.

14

MONTPELIER, Vt. (AP) Vermont's firstin-the-nation law requiring the labeling of


foods made with genetically modified
organisms could cost the nation's grocers up to
$10 million a day in fines, according to a letter
from an industry organization that is suing the
block the law.The letter to Gov. Peter Shumlin
from the head of the Grocery Manufacturers
Association, dated Wednesday, said companies
could be fined up to $1,000 a day per unlabeled

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15

item a can of soup or a box of cereal, for instance that mistakenly ends up on store shelves.
The law is due to take effect next year.
"Even with the best of intentions, excellent supply chain logistics and herculean efforts, product
will be in the wrong place at any given time, resulting in millions upon millions of dollars in
potential fines," said GMA President Pamela G. Bailey.She estimated more than 100,000 items
sold in the state would require Vermont-specific labels, a companies could quickly amass
millions in fines if only 5 to 10 percent of products slip through.Shumlin had a clear response
Thursday: "Just label your products. All of them nationwide."He said labeling foods with
genetically modified organisms which can include food made from seeds that were originally
engineered in laboratories to have certain traits, like resistance to herbicides is already
required by 64 countries.
"The industry's real concern is that as goes Vermont so will go America," Shumlin said. "Plain
and simple Vermont's law is about giving consumers the right to know what is in their food. For
too long consumers in America have been denied that right."Bailey said members of the
association have determined that changing labels to comply with Vermont's law will cost more
than they earn selling their products in the state."A $10 million per day fine to comply with the
labeling law of the second smallest state in the Union is hugely problematic for an industry that
employs 14 million U.S. workers and represents the largest sector of manufacturing," she said.

15

REUTERS/Mark BlinchA protester holds a sign reading "Ban GMO" (Genetically Modified
Organism) in the "March Against Monsanto" in Toronto, May 24, 2014.A proposal pending in
Congress would block mandatory GMO labeling efforts such as Vermont's and others being
considered by a number of states. The bill, introduced by Rep. Mike Pompeo, R-Kan., provides

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16

for voluntary certification from the U.S. Department of Agriculture.Much of the country's corn
and soybeans are genetically modified, with much of that going to animal feed. GMO corn and
soybeans can also be made into popular processed food ingredients like high-fructose corn syrup
and soybean oil.The Vermont law calls for labeling processed GMO foods and for retailers to
post signs on displays of unpackaged genetically engineered foods. It also sets a civil penalty of
$1,000 per day per product.
Throughout the legislative and legal debate on GMO labeling, industry groups have argued there
is no difference between foods made with GMOs and other foods.The Grocery Association
argues in its federal lawsuit to block the law that the First Amendment gives them broad
discretion about what to include on their labels and that there's no compelling state interest to
offset that.The legal case is pending.Bailey acknowledged in her letter the association is trying to
block the law in court, but until that happens it is working to comply."We would appreciate the
opportunity to work cooperatively with the state to minimize the liability that almost certainly
will arise despite the best efforts of the GMA member companies, as well as others in the
industry," the letter said.
http://www.businessinsider.com/vermonts-gmo-labeling-law-could-cost-grocers-up-to-10-millionper-day-in-fines-2015-6#ixzz3darzblgz

In Memory: Wayne N. Zaunbrecher

16

Wayne Zaunbrecher
USA Rice is deeply saddened by the passing of longtime
Louisiana rice leader Wayne N. Zaunbrecher, 76, who died on
Wednesday, June 17, 2015. Mr. Zaunbrecher was a rice and
cattle producer who worked with his brother Floyd on the family
farm. He served as treasurer of the Louisiana Rice Promotion
Board and was on the Louisiana Rice Council Board of Directors.
A native of Gueydan, Louisiana, Mr. Zaunbrecher was a loving
husband, father, grandfather and great-grandfather. Survivors
include his wife of 54 years, Linda Guidry Zaunbrecher, who
serves on the USA Rice Producers' Group Board, daughters
Alison and Andrea, and their families. Visitation will be at
Vincent Funeral Home, 311 Fourth Street, Gueydan, Louisiana,
70542. Visiting hours are 1 p.m. to 10 p.m., with a rosary at 7
p.m., on Thursday, June 18, and on Friday, June 19, from 9 a.m.
until funeral services at a 3 p.m. Mass of Christian Burial at St.
Peter the Apostle Roman Catholic Church, 603 Main Street, Gueydan, Louisiana, 70542.
Memorial donations can be made online or by check to the LSU Foundation atlsufoundation.org
or to Vermilion Parish Farm Bureau for a scholarship fund.USA Rice extends heartfelt
condolences to the family and friends of Wayne Zaunbrecher

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17

Rural Town Halls to Spotlight Presidential Candidates


RFD-TV's Patrtick Gottsch (l) and Orion Samuelson

WASHINGTON, DC -- RFD-TV
announced this week their intention
to produce a series of live, one-hour
televised
town
halls
with
presidential candidates to focus
exclusively on issues important to
the
rural
and
agricultural
communities."When we launched
RFD-TV fifteen years ago we
intended for it to serve the needs of
rural America and to connect rural
and urban audiences," said Patrick
Gottsch, founder and president of
RFD-TV and Rural Radio, at a press conference here. "We're taking a major step towards
reconnecting the rural and urban audiences with these town halls.
"As the divide between rural and urban grows wider each year, and fewer people have an
understanding of where their food comes from, and what it takes to grow it, the sessions could
help bridge an important gap."I grew up on a dairy farm in Wisconsin milking cows, and my
children always had farms to visit. My grandchildren do not have farms to visit," said Orion
Samuelson a famed rural broadcaster who will host and moderate the town halls. "I'm looking
forward to discussing the politics of agriculture with the people who want to be President of the
United States."Gottsch and Samuelson said they see the town halls as an opportunity to educate
candidates on rural issues as well as provide them an opportunity to share their vision with the
engaged, voting rural audience."We're going to send the candidates a list of about 200 questions
that may come up - we want a good dialogue - we're not trying to embarrass anyone," said
Samuelson. "We also hope to have a studio audience providing questions, and email questions
from viewers at home too."

17

Gottsch said he doesn't want to ask any of the questions the urban media ask the candidates, but
rather will focus on issues such as water use, immigration, animal rights, the use of pesticides
and antibiotics in farming, and other vital rural issues."This seems like an excellent opportunity
to spend quality time on very specific, nuts and bolts issues with men and women vying for the
most important job in the world," said Michael Klein, vice president of communications for USA
Rice. "We're going to work with our friends at RFD-TV to try to get some rice specific
questions in front of these candidates.""Rural Town Hall" will be recorded at locations around in
Iowa and at RFD-TV studios in Nashville and will premiere in July on Mondays at 8pm eastern
and Thursdays at 10pm eastern. RFD-TV can be seen on DirecTV (channel 345), DISH
Network (channel 231), and through some other rural cable providers. Check with your system
provider or log on to RFDTV.com for more details.
Contact: Deborah Willenborg (703) 236-1444

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18

Weekly Rice Sales, Exports Reported


WASHINGTON, DC -- Net rice sales of 32,300 MT for 2014/2015 were down 11 percent from
the previous week and 15 percent from the prior four-week average, according to today's Export
Sales Highlights report. Increases were reported for Mexico (10,400 MT), Costa Rica (9,700
MT, including 8,200 MT switched from unknown destinations), Japan (7,600 MT), Guatemala
(6,900 MT, including 5,000 MT switched from unknown destinations), and El Salvador (5,000
MT, including 5,600 switched from unknown destinations and decreases of 600 MT). Decreases
were reported for unknown destinations (18,700 MT) and Taiwan (4,900 MT). Net sales
reductions of 100 MT for 2015/2016 were reported for Japan. Exports of 53,600 MT were down
48 percent from the previous week and 31 percent from the prior 4-week average. The primary
destinations were Mexico (14,100 MT), Saudi Arabia (13,700 MT), Costa Rica (8,300 MT),
Guatemala (6,600 MT), and El Salvador (5,300 MT).This summary is based on reports from
exporters from the period June 5-11, 2015.

CME Group/Closing Rough Rice Futures


CME Group (Prelim): Closing Rough Rice Futures for June 18
Month

Price

Net Change

July 2015

$9.815

+ $0.085

September 2015

$10.065

+ $0.090

November 2015

$10.335

+ $0.085

January 2016

$10.595

+ $0.080

March 2016

$10.800

+ $0.095

May 2016

$10.800

+ $0.095

July 2016

$10.800

+ $0.095

Good rice crop


Posted: Jun 17, 2015 2:55 PM PDTUpdated: Jun 17, 2015 2:55 PM PDT

18

Ben McKnight, LSU AgCenter research associate and doctoral student, talks about research with
an aquatic weed herbicide, benzobicyclon, made by Gowan. (Photo by Bruce Schultz, LSU
AgCenter)

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19

CROWLEY, La. Unusually excessive rainfall and cloudy days


have been a challenge for growing rice, but it's too early to become
pessimistic about this year's crop, according to the director of the
LSU AgCenter Rice Research Station.We've still got the potential
for a good crop, said Steve Linscombe, also a rice breeder,
talking at the Acadia Parish rice field day held Tuesday (June 16).Linscombe said the silver
lining to the cloudy weather has been mild night temperatures that foster good rice development.
He said the long-term forecast calls for moderate night temperatures.He said blast disease is a
concern with the wet weather, especially for Jupiter and CL151 varieties that will require
fungicides.Linscombe also said he is optimistic that an agreement to sell rice to China is close to
being finalized, and that could boost rice prices. They want U.S. rice, he said.Water and soil
contamination issues in China have caused some consumers there to look to U.S. rice as a safer
alternative to the domestically produced product, he said.LSU AgCenter economist Kurt Guidry
said just talk of a big corn purchase by China has driven prices up by 30 cents to 50 cents a
bushel.Guidry said the long-term forecast for rice is not encouraging, but a possible acreage
reduction in Arkansas could help reduce rice stockpiles.Prices are low because of low demand
and high supply, he said.Exports of long-grain rice are up by 9 percent from last year, Guidry
said. They just haven't been good enough to support a price increase.

Exports of medium-grain rice have dropped by a fourth to a third from last year, and the
medium-grain prices have fallen, Guidry said.The low prices could mean that rice farmers
enrolled in the Price Loss Coverage program in the current farm bill could receive as much as
$93 to $103 per acre, he said.Rice farmers got the chance to hear from Adam Famoso, the new
rice breeder at the Rice Research Station. He was a rice researcher for Dupont Pioneer in Iowa
before joining the LSU AgCenter.I think Adam is going to be a very valuable addition to our
team, Linscombe said.Linscombe said he has a medium-grain Clearfield line in development
that could be accepted by Kellogg's.
He also has 18 lines of the Provisia rice that probably will result in one or two candidates that
could become a variety.He also has a Clearfield long-grain line with the yield potential of CL151
and better resistance to blast and lodging with improved grain quality. The line, LA2134, could
be a release for 2016, and a 20-acre seed increase is being grown now at the Rice Research
Station.AgCenter weed scientist Eric Webster said this year's wet weather has caused problems
with the use of the herbicide Prowl in rice that has been broadcast seeded. The seeding method
doesn't result in uniform seed-to-soil contact and remains in the wet conditions and it develops a
root system slowly.Webster said the rice weed program has 70 trials at the Rice Research Station
and at the LSU AgCenter Northeast Research Station near St. Joseph.

19

Ben McKnight, Webster's research associate and a doctoral student, talked about the use of
benzobicyclon for aquatic weeds. He said the Gowan product is probably the best material
available for ducksalad.AgCenter soybean specialist Ron Levy said the rainy weather has caused
problems for many farmers. But in northeast Louisiana, some fields have required irrigation,
while some soybeans in northwest Louisiana along the Red River have been flooded.Elsewhere,

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20

rainy weather has prevented many farmers from planting soybeans. In southwest Louisiana we
probably have the worst conditions, Levy said.More herbicide-resistant soybeans are becoming
available, he said. They are going to be the future of soybean production.Guidry said soybean
prices have fallen because of a large supply, but demand in China remains high.

http://www.ktbs.com/story/29346132/louisiana-still-has-potential-for-a-good-ricecrop?utm_source=USA+Rice+Daily%2C+June+18%2C+2015&utm_campaign=Friday%2C+December+
13%2C+2013&utm_medium=email

SME EXPORT HOUSE MUCH NEEDED TO PROMOTE


SMES
The Union of Small and Medium Enterprises ( UNISAME ) has urged S.M.Munir CEO of
Trading Corporation of Pakistan ( TDAP ) to set up the promised SME Export House from
export development funds on the premises to be vacated by the Rice Exporters Association of
Pakistan ( REAP ) due to disbandment of the Quality Review Committee ( QRC ) by the end of
the fiscal year before 30th June 2015 positively as reportePresident UNISAME Zulfikar Thaver
said REAP had purchased properties in Karachi and Lahore for its own offices from QRC funds
which it is obliged to return as it is public funds and belongs to the state and cannot be in the
ownership
of
REAP
under
any
circumstances
REAP had wrongfully got the transfer in its name instead of TDAP and objections have been
raised by the relavent authorities who are at a loss to understand as to who gave them the
permission to purchase immovable property in the name of a trade body.In fact it is believed the
auditors would also report the discrepency in the audit which is being conducted would also
pinpoint the questionIt would therefore be appropriate if REAP returns its offices in Karachi and
Lahore to TDAP gracefully and rent out premises for itself rather than continue to use property
purchased with public funds unlawfully without lawful permissionThe premises would be best
suited for an SME Export House with modern facilities for SMES and supported with Internet
network for SME Gallery with expertise of SMEDA. It would be an ideal utilization of property
rightfully belonging to the state.Thaver reminded the TDAP to expedite the SME Export House
for which preliminary work was done and a steering committee was formed with experts by
TDAP.He said TDAP could join hands with the Small and Medium Enterprises Development
Authority ( SMEDA ) who has also done preliminary work as the SME Export House is
promised in the SME policy.

APEDA NEWS (INDIA)


20

Price on: 17-06-2015

Product

Benchmark Indicators Name

Price

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

5975

Apricots
1

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21

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

5375

Turkish size 8, CIF UK (USD/t)

4375

Californian Thompson seedless raisins, CIF UK (USD/t)

2658

South African Thompson seedless raisins, CIF UK (USD/t)

2301

Indian Cochin, CIF NW Europe (USD/t)

3000

Australian 5 Crown, CIF UK (USD/t)

3010

Iranian natural sultanas (Gouchan), CIF UK (USD/t)

1817

Turkish No 9 standard, FOB Izmir (USD/t)

2175

Raisins

Sultanas

Source:agra-net

For more info

Market Watch
Commodity-wise, Market-wise Daily Price on 17-06-2015
Domestic Prices

Unit Price : Rs per Qty

Product

Market Center

Variety

Min Price

Max Price

Cachar (Assam)

Other

2000

2500

Bargarh (Orissa)

Other

2400

2500

Saharsa (Bihar)

Other

2100

3400

Dhing (Assam)

Other

1550

1700

Amirgadh (Gujarat)

Other

1300

1625

Bonai (Orissa)

Other

1450

1600

Harippad (Kerala)

Other

2000

2500

Bonai (Orissa)

Other

1000

2000

Mechua (West Bengal)

Other

1600

2000

Aroor (Kerala)

Other

2200

2400

Bolangir (Orissa)

Other

2800

3000

Kharupetia (Assam)

Other

1000

1200

Rice

Wheat

Mango

Cucumbar

Source:agra-net

For more info

Egg

Rs per 100 No
Price on 17-06-2015
Product

Market Center

Price

Ahmedabad

404

Mysore

434

Nagapur

410

Source: e2necc.com

Other International Prices


21

Unit Price : US$ per package


Price on 17-06-2015

Product

Market Center

Origin

Variety

Low

Mexico

Yellow

23

24

California

Yellow

28

28

Onions Dry

High
Package:50 lb sacks

Atlanta

Baltimore

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22

Dallas

Texas

Yellow

21

Atlanta

Florida

Round Green Type

14

14

Detroit

Texas

Round Green Type

13

13.50

Miami

Georgia

Round Green Type

12

Cabbage

24
Package: 50 lb cartons

Apples

14
Package: cartons tray pack

Atlanta

Washington

Red Delicious

24

24

Detroit

Washington

Red Delicious

23.50

26

Miami

Washington

Red Delicious

28

28

Source:USDA

Food prices increase ahead of Ramazan


AAMIR SHAFAAT KHAN
KARACHI: The price of gram flour (baisin) has touched new peak of Rs120 from Rs90-93 per kg last month
owing to its rising demand ahead of Ramazan.

Among other commodities,


prices of fruits, vegetables,
sugar, pulses and rice also
witnessed an increase.The
price list issued by the
Commissioner of Karachi,
which is effective from June
16-30, 2015, carries the gram
flour retail price of Rs58 per
kg.Last month, gram pulse
was available at Rs85 per kg
which rose to Rs90 per kg in
May and since then it
maintains
an
upward
trend.Now gram pulse rate
hovers between Rs100 and Rs110 per kg in various areas but the commissioner is forcing the
retailers to sell it at Rs58 per kg.
Sugar price now ranges between Rs62 and Rs64 per kg as compared to Rs60 per kg last month.
The current official rate of sugar is Rs61 per kg.Kabuli channa white and black are priced at
Rs100 and Rs120 per kg as compared to their control rate of Rs75 and Rs55 per kg, respectively.
Last month these items were available below Rs100 per kg in retail.Syrups and juices, which are
widely used in Ramazan, are being sold in black, and consumers are paying Rs10 more on
various brands.Retailers said the companies have not increased prices but due to tight supply and
high demand, wholesalers are demanding Rs1,760 for 12 bottles of Rooh-i-Afza (800ml) for the
last three days as compared to Rs1,680. Jam-i-Shireen carton is available at Rs1,760 as
compared to Rs1,700.
22

As a result, 800ml bottle of Rooh-i-Afza and Jam-i-Shireen is being sold at Rs160 as compared
to Rs150 a few days back.Overcharging is also rampant on 1.5 litre bottles as wholesalers are
selling six-bottle pack at Rs1,620 as compared to Rs1,520. Retailers are charging Rs280 for 1.5

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23

litre bottle as compared to Rs270.Pulses: Moong has further become costlier and is being sold at
Rs180 per kg. Its official rate is Rs132.The official rate of masoor is Rs109, but retailers are
charging Rs140-150 per kg. Mash is selling for Rs180 per kg but its official rate is
Rs132.Traders have expedited pulses imports in view of demand and supply gap in some
items.According to figures of Pakistan Bureau of Statistics (PBS), import of overall pulses
during July-April 2014-15 went up to 525,622 tonnes ($322 million) as compared to 390,742
tonnes ($240 million) in the same period of the last fiscal year.
The official rate of kernal basmati rice is Rs127 per kg but retailers are demanding over Rs140150.The official rates of various varieties of rice vary and there is a difference of Rs20 to 40 in
their prices.The price list has been issued with the consultation of Karachi Wholesalers Grocers
Association, Jodia Bazaar Traders Association, Karachi Retail Grocers Group, Bureau of
Supply and Prices, Consumers Associations and civil society, but a vast gap exists between
official and market rates.Retailers are of the view that if Karachi administration assures supply of
items at officially fixed rates, they would have no problem in demanding official price from
consumers.
Published in Dawn, June 18th, 2015

MSP hike no worry; basmati output to rise 5-7%


Kohinoor The short rain prediction by the Indian Meteorological Department (IMD) is not going
to affect Kohinoor adversely as farmers in Punjab UP and Haryana were competent enough to
face a situation like that of short rains or drought, Satnam Arora, Managing Director, Kohinoor
Foods told CNBC-TV18. 1 0Google +0 0 Midcap Radar 01:30 pm The Rs 50 rise in Minimum
Support Price (MSP) for paddy is not a concern for Kohinoor Foods . Speaking to CNBC-TV18,
Satnam Arora, Managing Director, Kohinoor Foods, says the companys major export product is
basmati rice, with non-basmati products contributing only 7-8 percent to its revenues.
This hike in MSP will make non-basmati rice expensive by USD 30, internationally, he said
He says the less rainfall prediction by the Indian Meteorological Department (IMD) is not going
to affect the company adversely as farmers in Punjab, UP and Haryana are competent enough to
face a situation like that of less rains or drought. The overall production of rice will be perfect
and basmati production will be 5-7 percent more than last year, Arora said. The companys
prices will adjust internationally in the global market, despite the hike, as the prices were
lucrative and competitive for its customers, he further added. Hailing the government's move to
increase the MSP of paddy, Arora says: Cost of farmers has gone up and we have to support our
farmers. Below is the edited transcript of Satnam Aroras interview with Mangalam Maloo and
Reema Tendulkar on CNBC-TV18. Mangalam: Do you see any impact in the proposed hike of
about Rs 50 in paddy which comes up to about 3.5 percent?
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A: This Rs 50 is good for the farmer but business wise the price of rice will go up. We do a little
non-basmati rice so it will affect our pricing in the international market. We will be expensive by
almost USD 30 and in case international price can afford it then we will definitely ship it.
Whereas on Kohinoor it does not have a large impact because our non-basmati exports are very

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les compared to basmati. Reema: Can you give us the percentage, the contribution on nonbasmati to your revenues? A: Non basmati is almost 7-8 percent in comparison to our basmati
business. Mangalam: We were also taking about rains, the MET department has indicated that
there is an 88 percent probability of lesser rains but in the first 5-6 days of the monsoon it has
said that there has been 13 percent above normal so what do you make of the rains and will there
be an impact on the crops of basmati rice this year?
A: In my view it is not going to affect adversely to the basmati farming because mostly all the
farmers in Punjab, UP, Haryana they have their other arrangements also so in case of any short
rain basmati will not be affected because they are quite competent to face all this droughts. The
rain so far looks normal in our area. In our view it will not affect adversely to our basmati farm.
Reema: Generally not just basmati but the productions of rice this year how much will it be and
you dont expect any shortage or short fall because of the monsoon? A: In my view the overall
production of rice will be perfect and even in basmati rice, it may grow by 5-7 percent but it will
not be down in comparison to the last year. Reema: So last year basmati production you said was
down but this year you are expecting it to be 5-7 percent? A: More than last year and the other
thing is we expect much bigger business in basmati this year also because prices are very
competitive and it is very attractive and lucrative to our customers and they will definitely buy
larger quantities this year comparison to last year.
Mangalam: Were we to see a hike or a rise in Basmati rice prices will go be able to pass it on to
your customers going forward or perhaps you will take a hit on your margins then? A: Basmati
rice price, it is every day game. Every day we buy and every day we sell and the customer is
aware of it. So, the rice is sold only on the regular prices; so it is a regular business nobody will
take the hit neither the customers nor Kohinoor Foods. Why should be take a hit in case our
customer is ready to pay more price. Moreover in branding we always charge some better
margins on it so that it is good for organisation. Reema: The MSP price hike that we are picking
up from our sources at 3.7 percent would that be in line with what the market or industry was
expecting?
A: The costs of the farmers have also gone up and what the government has done is very good.
We have to support our farmers also. In international market the prices will also jump so it will
adjust into the market pricing so adversely it is not going to affect our rice industry. Kohinoor
Foods stock price On June 19, 2015, Kohinoor Foods closed at Rs 43.65, down Rs 0.15, or 0.34
percent. The 52-week high of the share was Rs 63.85 and the 52-week low was Rs 38.80. The
latest book value of the company is Rs 117.06 per share. At current value, the price-to-book
value of the company was 0.37.
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