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December 10,2015
1|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
www.ricepluss.com
www.riceplusmagazine.blogspot.com
mujahid.riceplus@gmail.com 92 321 3692874
News Detail...
Indonesia to Import 1m Tons of Pakistan Rice in New Deal
Jakarta. Indonesia will import 1 million metric tons of milled rice over the next four years from Pakistan,
in a move to shield the country's food security against volatile weather patterns.The two governments,
represented by Indonesia's Trade Minister Thomas Trikasih Lembong and Pakistan's Ambassador to
Indonesia Mohammad Aqil Nadeem, signed a memorandum of understanding on Tuesday, according to a
report from PkRevenue.com.The deal, with an estimated worth of $400 million in imports between 2016
and 2019, will be executed by Indonesia's procurement agency, Bulog, and Pakistan's Trading
Corporation of Pakistan.Indonesia currently has similar MoU with Cambodia, Myanmar, Thailand and
Vietnam, though only some of the deals have been realized.Pakistan is the world 11th largest rice
producer with annual production of 6.9 million tons of milled rice.The country saw trade with Indonesia
rise 27 percent to $2.2 billion last year following a Preferential Trade Agreement in 2013.Indonesia
enjoyed $1.8 billion surplus in the trade, thanks to its palm oil exports.
http://jakartaglobe.beritasatu.com/business/indonesia-import-1m-tons-pakistan-rice-new-deal/
2|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
A slump in the export of basmati rice is having a damaging effect on the economy of Pakistan. It
has exacerbated rural poverty with often catastrophic consequences for small farmers. The
causes of the slump are complex and both national and provincial governments are facing
criticism for failure to act.Pakistans exports of basmati rice have declined by 40% in the past
four years, from 1.1mn tons in 2011 to 676,630 tons in 2015. As a consequence, the domestic
market has been overwhelmed by an unmanageable glut.
http://www.rwfreight.co.uk/news/2015/12/10/slump-in-basmati-rice-exports-123/
Relations between Pakistan and Iran are often jittery as well as dysfunctional. Pakistan, in the last of
November 2015, arbitrary and abruptly suspended 723 kilometer freight train service between Quetta,
Baluchistan and Zahedan, Iran, citing the security and lack of trade activities between the two countries as
main reasons for it.This was a major decision on Pak-Iran relations, taken by the Pakistan government
after Lt. General (Retd) Nasser Khan Janjua's took over as National Security Advisor (NSA) on October
23, 2015. Lt. General Janjua has replaced a senior technocrat, diplomat and former Federal Minister
Sartaj Aziz.
In Focus
Before retirement, Gen. Janjua was Corps Commander of Quetta based XII Corps and he claims to be
fully conscious of security issues of Baluchistan, which is Iran's bordering and troubled province of
Pakistan. He is, however, also known as a 'Butcher of Baluchistan' amongst nationalist and separatists
Baluchis.Freight train service between Pakistan and Iran, which are two majority Sunni and Shia
countries of the world, was earlier suspended in 2010, and was resumed in January 2015 and the service
3|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
ISLAMABAD
Pakistan and Indonesia have signed memorandum of understanding (MoU) on rice import.
The MoU was signed by Indonesian Trade Minister Thomas Trikasih Lembong and Ambassador
of Pakistan to Indonesia Mohammad Aqil Nadeem, said a Pakistan Embassy's message received
here
Wednesday.
Indonesian government will
import up to 1 million metric
tons of white rice from
Pakistan from 2016 to 2019,
which is estimated around 400
million
dollars.The
G2G
agreement
will
be
implemented by BULOG
(State Logistics Agency) from
Indonesia
and
Trading
Corporation of Pakistan (TCP)
from the Pakistani side.
The import of rice will help
Indonesian
government's
efforts to replenish the rice
stocks in view of current rice
shortage due to severe
drought.
Indonesia has MoUs with Thailand, Vietnam, Cambodia and Myanmar for rice imports already
but Pakistan is the first country out of the Association of Southeast Asian Nations (ASEAN) to
have such agreement with Indonesian government.Both countries for the first time crossed $2.2
5|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
A Cambodian farmer throws fertiliser in a rice field in Kandal province, Cambodia Oct 16. In the
first 10 months of this year Cambodia exported more than 400,000 tonnes of milled rice. (EPA
photo)
Cambodian Prime Minister Hun Sen said Thursday that his country has failed to export its
targeted 1 million tonnes of milled rice this year.Speaking at an agriculture conference in Phnom
Penh, Hun Sen said the government's failure to meet the quota was because of a shortfall in the
budget for buying rice from farmers, along with other factors such as regional and international
6|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
Indonesia will import 1 million metric tonnes of milled rice over the next four years from
Pakistan.The two governments, represented by Indonesias Trade Minister Thomas Trikasih
Lembong and Pakistans Ambassador to Indonesia Mohammad Aqil Nadeem, signed a
memorandum of understanding, an Indonesian news outlet reported on Thursday.The deal, with
an estimated worth of $400 million in imports between 2016 and 2019, will be executed by
Indonesias procurement agency, Bulog, and Trading Corporation of Pakistan.The import of rice
will help Indonesian governments efforts to replenish the rice stocks in view of current rice
shortage due to severe drought.Pakistan is the world 11th largest rice producer with annual
production of 6.9 million tonnes of milled rice.Bilateral trade has exceeded $2.2 billion since its
start in 2014.Pakistan and Indonesia concluded Preferential Trade Agreement in 2013 under
which Indonesian exports to Pakistan increased manifold especially in crude palm oil.
http://www.pakistantoday.com.pk/2015/12/10/business/indonesia-to-import-1m-tonnes-of-rice-frompakistan/
ISLAMABAD
Pakistan and Indonesia have signed memorandum of
understanding (MoU) on rice import.The MoU was signed by
Indonesian Trade Minister Thomas Trikasih Lembong and
Ambassador of Pakistan to Indonesia Mohammad Aqil Nadeem,
said a Pakistan Embassy's message received here Wednesday.
Indonesian government will import up to 1 million metric tons of
white rice from Pakistan from 2016 to 2019, which is estimated
around 400 million dollars.The G2G agreement will be
implemented by BULOG (State Logistics Agency) from Indonesia and Trading Corporation of
Pakistan (TCP) from the Pakistani side.
The import of rice will help Indonesian government's efforts to replenish the rice stocks in view
of current rice shortage due to severe drought.Indonesia has MoUs with Thailand, Vietnam,
Cambodia and Myanmar for rice imports already but Pakistan is the first country out of the
Association of Southeast Asian Nations (ASEAN) to have such agreement with Indonesian
government.Both countries for the first time crossed $2.2 billion mark since the bilateral trade in
the year 2014.
Pakistan and Indonesia have also concluded Preferential Trade Agreement in 2013 under which
Indonesian exports to Pakistan increased manifold especially in crude palm oil.
This import agreement will also help in removing the trade imbalance between the two countries.
Pakistani exports of Kinnow to Indonesia had also seen increase in the recent years, due to PTA
and Mutual Recognition Agreement signed in 2013 for trade of horticulture products. Under the
PTA it is expected that the trade will also expand in other sectors.
http://nation.com.pk/business/10-Dec-2015/indonesia-to-import-pak-rice
8|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
He said as the bank limits were renewed on 1st of December the prices have escalated with the
improved financial availability to the middle man and the millers. Bajwa said that the growers of
all variety have suffered a loss of Rs 70 billion in all over the country as compared to last years
price.If the government had arranged the bank limits at the start of the paddy harvesting, the
growers would have benefited instead of the middle man and millers Bajwa said the country
produces 7 million ton rice per year which is the need of only two countries Iran and Saudi
Arabia and this market has been captured by India in exchange of oil purchases.
News source: Business Recorder
http://www.agricorner.com/paddy-price-increased-to-rs-1200-per-40kg/#sthash.FcyTXCAx.dpuf
http://www.agricorner.com/paddy-price-increased-to-rs-1200-per-40kg/
9|www.ricepluss.com , www.riceplusmagazine.blosgspot.com
MANILA: The Philippines, one of the world's biggest rice importers, will buy an additional
300,000 to 400,000 tonnes of the grain to ensure adequate domestic supply as it braces for drier
weather early next year because of the El Nino phenomenon.Additional demand from the
Southeast Asian nation is good news for its neighbors and traditional suppliers, Vietnam and
Thailand, at a time when rice export prices in the region are static in the absence of buyers.Local
crop losses from storms and drought linked to El Nino have mounted in recent months,
10 | w w w . r i c e p l u s s . c o m , w w w . r i c e p l u s m a g a z i n e . b l o s g s p o t . c o m
Song Saran, president of exporter Amru Rice (Cambodia), said that exporting more than the half
million tons of rice this year would have been beyond the private sectors production and
processing capacity. He said that some milled rice exporters are almost bankrupt as these private
companies make insufficient profits and suggested that the government provide more support to
reach the higher targets.
We ask for government assistance to give some loans to rice exporting companies to expand
their productivity and to be able to purchase more rice to stock for our warehouses to process,
he said. Currently we lack sufficient warehouse storage space, crop dryers, and rice millers. In
some cases, he said, exporters would find themselves out of rice after finishing processing.
It is a big issue that we dont have rice in stock as farmers often sell to rice brokers in
neighboring countries, he said.
Mr. Saran called for a budget to implement the next export policy and asked the government to
provide subsidies to reduce the processing price, which is high when compared to neighboring
countries. Finally, the government should try to provide good quality seeds to meet clients
demands.
Financial Support
Hun Lak, vice president of the Cambodia Rice Federation (CFR), says that the export increases
12 | w w w . r i c e p l u s s . c o m , w w w . r i c e p l u s m a g a z i n e . b l o s g s p o t . c o m
Rice Prices
as on : 09-12-2015 08:10:56 PM
Arrivals in tonnes;prices in Rs/quintal in domestic market.
Arrivals
Current
Price
%
Season
Prev. Prev.Yr
Modal
change cumulative
Modal %change
Rice
Bangalore(Kar)
Gadarpur(Utr)
Pilibhit(UP)
Shahjahanpur(UP)
Bazpur(Utr)
Samsi(WB)
Varanasi(Grain)(UP)
Gorakhpur(UP)
Mathura(UP)
Bangarpet(Kar)
Allahabad(UP)
Ballia(UP)
Azamgarh(UP)
Bareilly(UP)
Devariya(UP)
Bahraich(UP)
Sitapur(UP)
Birbhum(WB)
Asansol(WB)
Durgapur(WB)
Lucknow(UP)
Mathabhanga(WB)
Kalipur(WB)
Howly(ASM)
Faizabad(UP)
Bariwala(Pun)
Saharanpur(UP)
Bindki(UP)
Chandabali(Ori)
Kalna(WB)
Dhing(ASM)
Ghaziabad(UP)
2562.00
1869.00
800.00
680.30
669.00
500.00
410.00
380.00
250.00
220.00
220.00
220.00
203.50
163.50
150.00
139.00
138.00
132.00
132.00
132.00
125.00
120.00
108.00
101.00
100.00
90.00
90.00
90.00
85.00
85.00
82.00
80.00
3.31 163707.00
-30.85 223906.00
14.29 28850.50
2.06 78200.30
-21.18 42064.51
NC 26720.00
7.89 115401.10
26.67 18682.80
-28.57
3740.00
-34.13 21235.00
10 16062.50
-12 18630.00
16.29
5388.00
3.15 23825.00
15.38
7970.00
0.72
8549.50
1.47
4740.50
-6.38
7666.45
4.76
1031.00
-2.22
4269.50
5.93 10426.50
-7.69
5850.00
-3.57
6716.00
92.38
3782.10
25
1538.00
-50
540.00
2.27 10005.50
12.5
4816.00
NC
3408.00
3.66
2520.00
7.89
5158.70
14.29
5470.00
4200
2010
2185
2150
1570
2700
1970
2080
2000
1680
2100
2000
2075
2180
2085
2085
2200
1865
2450
2450
2060
1850
2150
1450
2100
2320
2050
2250
1800
1840
1800
2065
4200
1821
2180
2145
1451
2700
1980
2180
2070
1620
2150
2000
2085
2200
2020
2080
2190
1840
2300
2250
2060
1850
2000
1450
2080
2300
2050
2275
1500
1840
1800
2065
NC
3.61
-4.17
7.23
-12.90
0.51
2.97
-2.91
-5.62
2.69
0.50
1.40
7.47
2.46
4.51
-20.30
-3.92
2.08
NC
-11.90
-4.44
-14.71
3.96
-12.12
-3.30
9.76
12.50
-7.54
-5.26
-3.05
17 | w w w . r i c e p l u s s . c o m , w w w . r i c e p l u s m a g a z i n e . b l o s g s p o t . c o m
74.16
70.50
70.00
67.00
63.00
61.00
60.00
57.50
56.10
55.00
54.00
53.00
50.00
50.00
50.00
49.00
42.00
41.94
40.00
40.00
40.00
36.00
32.00
32.00
32.00
30.00
30.00
30.00
30.00
28.00
25.00
24.50
22.30
22.00
21.00
20.00
18.00
18.00
18.00
17.50
19.75
-0.7
NC
5.51
-7.69
12.96
42.86
-11.54
-28.08
-5.17
NC
47.22
-16.67
NC
-9.09
2.08
2.44
136.68
-33.33
-35.48
-6.98
-25
166.67
60
14.29
20
-14.29
66.67
36.36
3.7
4.17
-31.94
-1.33
10
NC
-50
-12.2
20
NC
16.67
2432.98
5520.50
3340.00
1739.30
13141.50
7081.00
4894.00
3026.00
648.60
4695.00
3509.00
3124.00
515.00
2250.00
1207.00
2233.00
1550.00
1453.40
2250.00
1245.00
3644.00
1973.00
528.50
961.50
1784.00
562.20
202.00
726.50
508.00
1216.00
1429.00
2697.00
1855.60
2386.00
337.00
4335.00
405.00
865.60
1778.00
748.00
2100
2100
2600
2200
1840
2220
2320
1955
2100
1970
2250
4500
1725
2950
2400
1700
3000
2100
2050
1950
2250
2800
2600
1850
1900
3000
3000
2040
1860
2800
2775
2095
2500
1980
2100
2700
2215
2210
1850
2450
2100
2100
2600
2200
1830
2175
2130
1980
2150
1980
2250
4500
1725
2950
2250
1800
3000
2100
2050
3162
2150
2800
2800
1960
1900
3000
3500
2075
1840
2800
2775
2095
2500
2000
2100
2700
2215
2230
1900
2300
-4.55
-19.23
-1.89
-12.00
-21.70
8.29
-5.31
-4.17
-1.01
-13.46
NC
-9.21
-4.84
-4.00
-32.00
3.45
-4.55
-16.33
-11.76
16.67
4.00
-10.19
-34.48
NC
-19.46
-2.39
-9.68
-0.89
0.24
-19.35
-20.80
5.00
NC
3.02
10.50
-11.90
-9.26
18 | w w w . r i c e p l u s s . c o m , w w w . r i c e p l u s m a g a z i n e . b l o s g s p o t . c o m
17.00
17.00
17.00
16.80
16.00
16.00
16.00
15.00
15.00
15.00
14.00
14.00
14.00
13.00
12.00
12.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
9.50
9.00
8.00
6.50
6.50
6.00
5.00
5.00
5.00
4.90
4.60
4.00
4.00
3.50
3.00
3.00
3.00
41.67
-37.04
-5.56
-30
NC
-15.79
NC
NC
NC
-6.25
7.69
-12.5
NC
NC
-52
50
400
42.86
NC
NC
-9.09
NC
NC
NC
12.5
-20
8.33
62.5
9.09
-37.5
-68.75
-16.67
-2
NC
NC
-18.37
16.67
NC
NC
NC
517.30
399.00
345.50
774.50
570.00
731.00
702.00
246.00
2901.00
995.00
878.50
891.00
1440.00
412.00
1381.00
747.00
39.00
893.00
360.00
420.00
1067.50
717.00
783.00
985.50
1187.50
151.00
362.50
354.30
424.00
34.00
243.00
494.50
213.90
80.10
136.00
58.10
2257.50
33.00
357.70
80.00
1900
2200
2075
1925
2800
2000
2200
2250
2400
2160
2120
2450
2350
2050
2100
2000
1500
2500
2500
2400
2040
2300
2300
2500
1980
2150
2200
2200
2200
4000
2200
2100
2700
2500
3500
2400
2220
2750
2150
3150
1900
2100
2070
1900
2800
2025
2200
2400
2400
2140
2125
2450
2300
2000
2300
2080
1500
2450
2500
2400
2045
2300
2300
2500
1985
2150
2200
2200
2200
3800
2200
2100
2700
2500
3500
2400
2250
2750
2150
3150
-13.73
-6.32
-5.44
-10.20
NC
9.09
5.88
-10.91
-11.32
-18.81
-19.23
-1.96
-13.79
NC
NC
0.74
-16.67
7.03
-15.38
NC
-15.38
-18.52
12.90
-15.63
-3.85
118.75
-22.58
6.47
-14.00
NC
19 | w w w . r i c e p l u s s . c o m , w w w . r i c e p l u s m a g a z i n e . b l o s g s p o t . c o m
2.55
2.50
2.50
2.40
1.60
1.20
1.20
1.00
1.00
1.00
1.00
0.80
0.80
-5.56
25
NC
33.33
NC
-70
-84.62
NC
NC
NC
-44.44
-46.67
-33.33
64.25
103.90
145.70
16.40
42.40
18.60
77.20
15.00
10.00
35.00
433.00
68.50
63.06
2300
2050
2050
2700
2700
2600
4200
2650
4080
2800
3250
3500
2500
2300
2060
2045
2700
2700
2400
3250
2450
4080
2800
3250
3500
2240
4.55
-0.97
-0.73
NC
-15.63
29.23
-11.67
NC
NC
-9.72
NC
-3.85
The Hindu
Futures:
High
Jan '16 1121.5
Mar '16 1148.0
May '16 1178.0
Jul '16
Sep '16
Nov '16
Jan '17
Low
1098.5
1125.0
1169.5
Last Change
1111.0 +10.5
1138.0 +10.5
1167.0 +11.0
1192.0 +10.0
1188.5 +14.0
1190.0 +14.0
1190.0 +14.0
Rice Comment
Rice futures may be attempting to stabilize after the recent downturn which took over $1.50 off the
market in a matter of a few short days. January closed back above $11 today. The domestic cash market is
quiet and export demand is slow as well, which is typically the case around the holidays. The monthly
supply/demand report showed little change, with only a 1 million cwt decrease in imports into the U.S.
and use unchanged. Exports were pegged at 98 million cwt, and ending stocks were cut to 38.8 million
cwt. The average on farm price for long grain remained $11.50 to $12.50. Global rice stocks are forecast
to decrease for the third year in a row as consumption is expected to outpace production. Production was
lowered to 469.3 million metric tons, down approximately 8.9 million tons from the preceding year
20 | w w w . r i c e p l u s s . c o m , w w w . r i c e p l u s m a g a z i n e . b l o s g s p o t . c o m
U.S
U.S
U.S
$714.64
$712.64
$718.34
af.reuters.com
Product
Price
2100
2000
1800
4600
5100
Garlic
Ginger
21 | w w w . r i c e p l u s s . c o m , w w w . r i c e p l u s m a g a z i n e . b l o s g s p o t . c o m
3000
3790
1190
2310
Source:agra-net
Market Watch
Commodity-wise, Market-wise Daily Price on 10-12-2015
Domestic Prices
Product
Market Center
Variety
Min Price
Max Price
Manjeri (Kerala)
Other
2800
3800
Dhekiajuli (Assam)
Fine
2340
2650
Fine
2790
2820
Hoskote (Karnataka)
Other
1827
1827
Nagpur (Maharashtra)
Other
1480
1530
Palitana (Gujarat)
Other
1500
2000
Manjeri (Kerala)
Other
1500
1700
Nagpur (Maharashtra)
Other
300
900
Other
1900
2200
Manjeri (Kerala)
Other
1800
2000
Muktsar(Punjab)
Other
1000
1200
Nilagiri (Orissa)
Other
1500
1500
Rice
Wheat
Orange
Cucumbar
Source:agmarknet.nic.in
Egg
Rs per 100 No
Price on 10-12-2015
Product
Market Center
Price
Pune
416
Chittoor
388
Nagapur
385
Source: e2necc.com
Product
Market Center
Origin
Variety
Low
Colorado
Russet
15
15.25
Idaho
Russet
11
Washington
Russet
13
Potatoes
Package: 50 lb sacks
Atlanta
Chicago
Dallas
Cabbage
High
14
Package: 50 lb cartons
22 | w w w . r i c e p l u s s . c o m , w w w . r i c e p l u s m a g a z i n e . b l o s g s p o t . c o m
Atlanta
Georgia
10.50
Detroit
Canada
11
12
Miami
Georgia
12
14
Grapefruit
Atlanta
Florida
Red
17
17
Chicago
Florida
Red
18
22
Miami
Florida
Red
25
26
Source:USDA
Then attendees got a strong dose of politics with married keynote speakers Mary Matalin and James
Carville in a discussion of politics, life, and predictions, moderated by Brian King of Ritter Grain
Services. "I've never seen anything like this in American politics," said Carville when asked about the
large field of candidates vying for the presidency."This is unprecedented - you could field two baseball
teams," Matalin said. "we have produced a field that is uncharted territory."King sought insight and
advice and pressed the pair on what would happen in the 2016 election. Carville predicted a Hillary
Clinton win. Matalin responded, "let's just say I disagree with him and pray that he is, as he often is,
wrong."
23 | w w w . r i c e p l u s s . c o m , w w w . r i c e p l u s m a g a z i n e . b l o s g s p o t . c o m
Price
Net Change
January 2016
$11.110
+ $0.105
March 2016
$11.380
+ $0.105
May 2016
$11.670
+ $0.110
July 2016
$11.920
+ $0.100
September 2016
$11.885
+ $0.140
November 2016
$11.900
+ $0.140
January 2017
11.900
+ $0.140
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25 | w w w . r i c e p l u s s . c o m , w w w . r i c e p l u s m a g a z i n e . b l o s g s p o t . c o m
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