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$171b rice smuggling payoff in the Philippines unveiled
Exports face possible contraction as 2013 winds up
What concerns rice producers -- policy, prices and costs
Rice Prices Bring Comparative Stability
Higher prices seen in 2014
Rice millers hurt by political standoff
TABLE-India Grain Prices-Delhi- Dec 26
Rice basmati rises on stockists buying
Vietnamese rice most expensive in Asia?
Nagpur Foodgrain Prices Open- December 26
Iraq issues tender to buy at least 30,000 tonnes of rice

NEWS DETAILS:

$171b rice smuggling payoff in the Philippines unveiled
MANILA - A Goliath in rice smuggling has cornered the trade in this grain by plying Philippine Bureau of
Customs (BOC) officials and rank-and-file employees with cash gifts that have amounted to 6 billion pesos
(S$171.25 billion) over the last two years.A former BOC official, who spoke on condition of anonymity, said
one of the main challenges facing the new management at the bureau was whether it would dismantle the
network built by a certain "David Tan" who was designated as point man when rice-smuggling transactions
were centralised two years ago.

Cell # 92 321 369 2874

"David Tan operates behind various brokerage firms. If you want to bring in rice without paying the right taxes,
you have to go through him because the BOC
officials deal only with him. The BOC
officials do not entertain any other rice
smuggler except Tan," said the source, who
described the rice smuggler as "young and
with deep connections in rice exporting
countries in Asia, especially Vietnam.""They
called these special operations or palusot
because the rice shipments had no documents
or import permit. After David Tan informs his
connections where his shipments are arriving,
the smuggling network goes into motion, from
those who sign the papers to those who open
the exit gates in the ports," the former official
said.It was not clear whether "David Tan" was
the same as "Mr. T" who, according to a new BOC official who talked to the Inquirer last week, was one of
three big traders whose under-the-table deals with corrupt examiners, appraisers and other frontline personnel at
the bureau were the cause of the agency's failure to meet its revenue collection goals.
The new bureau official referred to the other two big traders as "Big Mama" and "Ma'am T."Old-timers in the
BOC told the Inquirer on Monday that there was no reason to go after "Big Mama," "Ma'am T" and "Mr. T"
because the papers of the three traders "appeared to be in order."The case is presumably the same with "David
Tan."The former BOC official said the scheme involved at least two top bureau officials (who get 10,000 pesos
to 20,000 pesos each per container), at least one major port official (5,000 pesos to 10,000 pesos per container)
and more than a dozen desk employees whose signatures (1,000 pesos per container) were needed in the release
papers of the smuggled rice.He estimated that Tan brought in an average of 1,000 TEU or 6-meter equivalent
unit containers a week (a container can load 510 cavans of rice) or a weekly take of 37 million to 62 million
pesos.
In Snap:A general view of newly planted rice seedlings is seen at a rice field in Gloria, Oriental Mindoro in central Philippines November 28, 2013.
A Goliath in rice smuggling has cornered the trade in this grain by plying officials and rank-and-file employees with cash gifts that have amounted to
6 billion pesos (US$135 billion) over the last two years

Exports face possible contraction as 2013 winds up
Published: 26 Dec 2013 :Newspaper section: Business

Exports fell for a third consecutive month in November, putting more pressure on the sector that accounts for
about 60% of the country's economy.The Commerce Ministry reported yesterday exports dropped 4.08% yearon-year in November to US$18.757 billion, following a 0.67% decline in October and 7.09% drop in
September.Imports totalled $19.314 billion last month, down 8.60% year-on-year.For the first 11 months,

Cell # 92 321 369 2874

exports slipped 0.49% year-on-year to $210.09 billion. However, imports for the period edged up 1.22% to
$231.99 billion, a trade deficit of $21.90 billion.Srirat Rastapana, permanent secretary for the Commerce
Ministry, blamed November's export contraction on a weaker than expected global economic recovery and a
high base last year.Benjarong Suwankiri, a first vice-president of TMB Analytics, TMB Bank's research unit,
said the performance in November was disappointing, reflecting weakened global demand.
"Based on the lower than expected export contraction in November and an expected drop in December, it is
highly likely Thai exports will end this year with a mild contraction of 0.5% in 2013," he said.Shipments of key
industrial products, which made up 63.8% of total exports, dropped 5.2% in November to $11.96 billion,
comprising mainly television sets, automobiles, and construction materials.Agro-industrial goods also dipped
2.5% last month to $3.037 billion, comprising mostly rice, frozen seafood, fruit and vegetables."We still hope
exports will remain positive this year," she said. "If they contract, it would be the first time since 2009 when
Thai shipments fell 14.26%."Thai exports grew 28.13% in 2010, 13.96% in 2011 and 2.99% in 2012.Mrs Srirat
said shipments for 2013 could grow by 0.6% if they fetch $19 billion in December, a sharp decline from the
12%-13% target originally set by the Commerce Ministry.The ministry cut its export growth target several
times this year, first to 7%-8%, then 3%-4% and finally 1% in November.Mrs Srirat was confident Thailand
could see export growth in 2014.

Dec. 26, 2013Elton Robinson | Delta Farm Press

Once again, U.S. rice producers are facing an upcoming season rife with uncertainty over commodity prices,
input costs, water availability and the farm bill. Here are the thoughts of a few rice producers attending the USA
Rice Outlook Conference held in St. Louis, Mo., recently.
Check Rough Rice Futures Prices
Allen McLain, Jr., who farms about 1,500 acres of rice, soybeans and crawfish with his father, Allen McLain,
Sr., in Abbeville, La., is concerned that an anticipated increase in U.S. rice acres in 2014 could push supplies
higher and prices lower. U.S. farmers planted just under 2.5 million acres in rice in 2013. ―There are always
uncertainties, too, and you never know what they are,‖ McLain said.McLain and his father had a very good year
producing rice in 2013, he said. ―We had one of the better years that we’ve seen in a long time. It started off
very tough, but it worked out in the end.‖ A ratoon crop was also very effective, according to McLain.
A good year for growing rice
Shannon Harrington produces rice and soybeans and operates a cow-calf operation in a partnership with his
brother Blaine, in Iowa, La. The Harringtons also had a banner yield year in 2013. ―The previous year, we had
one of the worst,‖ Harrington said. ―We had a variety that had been performing well in the past, and we had a

Cell # 92 321 369 2874

bad outbreak of blast that hit every acre we had, about 2,000 acres. This year, it bounced back, and we had one
of our best crops ever.‖A new farm bill is the biggest issue facing rice producers, Harrington noted. ―We know
that there are going to be cuts in funding. Simply eliminating direct payments is going to have a direct impact
on us.‖The timetable is even more important than whatever is in a final bill, Harrington said. ―They’re working
on other things to take the place of direct payments, but there is the uncertainty of not knowing what’s going to
happen. Here we are, needing to be planning for next year’s crop. But we don’t have anything etched in stone as
far as government support is concerned. Last January, we got an extension of the previous farm bill, and we
operated under that for a year. Now we’re coming up to another deadline.‖
Ag news delivered daily to your inbox: Subscribe to Delta Farm Press Daily.Lorenzo Pope, a producer and
researcher in Glenn, Calif., says expenses are a critical issue for rice producers, mostly for weed control. The
farm bill is also a concern, sort of. ―In California, a new farm bill is probably not going to help us much. There
will be a safety net, but if you use the safety net, you’re in trouble already. We’ll have to be careful without any
government subsidies. Just basic rice may not work anymore.‖Water availability is also getting tighter in
California. ―How much water security you have depends on what water district you’re in,‖ Pope said. ―Those
south of the Sacramento are looking at big water cuts. We’re also very dependent on the rain to fill the
reservoirs. Once we have sufficient water in the spring, we can plant with the confidence that we can
harvest.‖Rice holding its own in farm bill debate.John Owen, Louisiana rice producer and chairman, USA Rice
Producers’ Group, told attendees of the conference that despite small U.S. rice acres, the rice industry is holding
its own in the farm bill debate.―Nothing worth anything comes cheaply. But in this farm bill debate, have we
not as an industry fought the good fight? And have we not fought above our weight class? We have stood and
faced some really powerful people inside and outside the farm community, on and off Capitol Hill and we in the
rice industry are still standing.
―We’re not asking for special treatment. We’re asking for a place at the table, for respect for what we do, some
understanding of the risks we face and a set of reasonable tools to help us manage those risks. We’re not asking
to be guaranteed a profit, only that we have enough support to keep us viable when markets turn down, or when
Mother Nature reminds us who’s really in charge.Ag news delivered daily to your inbox: Subscribe to Delta
Farm Press Daily.
―We should not apologize for pursuing policy that is not only in agriculture’s best interests, but in America’s
best interests.‖Owen noted that both the House and Senate bills ―are in conference committee hands, and work
toward completion is grinding forward, and I would emphasize grinding.‖Owen believes a farm bill will emerge
from the conference committee this month, ―and it will be approved by Congress, hopefully in January. Our
detractors are not going away, but as farmers, our purpose is as great as it’s ever been.‖

Cell # 92 321 369 2874

Rice Prices Bring Comparative Stability
Lee Sang Yong | 2013-12-26 21:16

Market prices in North Korea continue to respond well to the execution of Jang Song Taek, Daily NK has
learned.According to inside sources, on December 20th good quality rice was trading at 4000 won/kg in
Pyongyang, 4900 won/kg in Sinuiju and 4600 won/kg in Hyesan. These prices are 1100, 500 and 1200 won
lower respectively than they were in mid November.Several factors may be playing a role. Early in 2013, a
portion of wartime rice reserves was released. In addition to this, the distribution of food by the state has been
more reliable than normal for much of this year. There was also a good harvest of potatoes, corn and rice, which
has brought down market prices.
Finally, the state did not implement market controls in the wake of the execution of Jang Song Taek, which has
played a part in facilitating the circulation of goods. One source from Hyesan in Yangkang Province informed
Daily NK on the 26th, ―Markets were only restricted briefly during the mourning period for the General [Kim
Jong Il], and trading has returned to normal now. Restrictions were anticipated following news of the sudden
execution of the aunt’s husband [Jang Song Taek], but that didn't happen.‖―Large amounts of rice and
vegetables were given in payment to workers in mining areas of North Hamkyung Province,‖ the source also
went on. ―These products then circulated to other provinces like Yangkang.
The Upper [the authorities] also gave out rations of corn and rice, which means that there is quite a lot of rice in
the market.‖A source from Pyongyang also reported, ―The rice price started gradually dropping in midNovember. It was at 4800 won at the start of December but by the middle of the month it had fallen all the way
to 4000 won. This has traditionally been a time when rice prices fall as products siphoned off during the
threshing period begin to appear in the markets. However, a drop of around 1000 won in a month is highly
unusual.‖―Thanks to the continual distribution of rations and these payment-in-kind wages for some enterprises,
an increasing number of people are looking to buy side dishes rather than rice,‖ the source explained. ―Now
many grain traders have left the market and are harder to find.‖
Meanwhile, the US Dollar exchange rate in Pyongyang, Sinuiju and Hyesan climbed by 300, 110 and 120 won
respectively in the period since mid November, reaching 8400, 8260 and 8300 won respectively.On this, the
Pyongyang source commented, ―Generally the exchange rate runs parallel to the rice price and the two rise and
fall together. But recently this has not been the case, as the number of people wanting to save their newly
increased wages in US Dollars is growing."

Cell # 92 321 369 2874

Dec. 26, 2013Elton Robinson | Delta Farm Press

Rice producers at the USA Rice Outlook Conference in St. Louis talk about the year they had in 2013, and
looked forward to the challenges of the new year.Most of their concerns centered about the resolution of the
farm bill debate so they can begin the planning process.Once again, U.S. rice producers are facing an upcoming
season rife with uncertainty over commodity prices, input costs, water availability and the farm bill. Here are
the thoughts of a few rice producers attending the USA Rice Outlook Conference held in St. Louis, Mo.,
recently.Allen McLain, Jr., who farms about 1,500 acres of rice, soybeans and crawfish with his father, Allen
McLain, Sr., in Abbeville, La., is concerned that an anticipated increase in U.S. rice acres in 2014 could push
supplies higher and prices lower. U.S. farmers planted just under 2.5 million acres in rice in 2013. ―There are
always uncertainties, too, and you never know what they are,‖ McLain said.McLain and his father had a very
good year producing rice in 2013, he said. ―We had one of the better years that we’ve seen in a long time. It
started off very tough, but it worked out in the end.‖ A ratoon crop was also very effective, according to
McLain.
A good year for growing rice
Shannon Harrington produces rice and soybeans and operates a cow-calf operation in a partnership with his brother
Blaine, in Iowa, La. The Harringtons also had a banner yield year in 2013. ―The previous year, we had one of the
worst,‖ Harrington said. ―We had a variety that had been performing well in the past, and we had a bad outbreak of
blast that hit every acre we had, about 2,000 acres. This year, it bounced back, and we had one of our best crops
ever.A new farm bill is the biggest issue facing rice producers, Harrington noted. ―We know that there are going to
be cuts in funding. Simply eliminating direct payments is going to have a direct impact on us.‖The timetable is even
more important than whatever is in a final bill, Harrington said. ―They’re working on other things to take the place of
direct payments, but there is the uncertainty of not knowing what’s going to happen. Here we are, needing to be
planning for next year’s crop. But we don’t have anything etched in stone as far as government support is concerned.
Last January, we got an extension of the previous farm bill, and we operated under that for a year. Now we’re
coming up to another deadline.‖
Lorenzo Pope, a producer and researcher in Glenn, Calif., says expenses are a critical issue for rice producers, mostly
for weed control. The farm bill is also a concern, sort of. ―In California, a new farm bill is probably not going to help
us much. There will be a safety net, but if you use the safety net, you’re in trouble already. We’ll have to be careful
without any government subsidies. Just basic rice may not work anymore.‖Water availability is also getting tighter in
California. ―How much water security you have depends on what water district you’re in,‖ Pope said. ―Those south

Cell # 92 321 369 2874

of the Sacramento are looking at big water cuts. We’re also very dependent on the rain to fill the reservoirs. Once we
have sufficient water in the spring, we can plant with the confidence that we can harvest.‖
Rice holding its own in farm bill debate
John Owen, Louisiana rice producer and chairman, USA Rice Producers’ Group, told attendees of the conference
that despite small U.S. rice acres, the rice industry is holding its own in the farm bill debate.―Nothing worth anything
comes cheaply. But in this farm bill debate, have we not as an industry fought the good fight? And have we not
fought above our weight class? We have stood and faced some really powerful people inside and outside the farm
community, on and off Capitol Hill and we in the rice industry are still standing.―We’re not asking for special
treatment. We’re asking for a place at the table, for respect for what we do, some understanding of the risks we face
and a set of reasonable tools to help us manage those risks. We’re not asking to be guaranteed a profit, only that we
have enough support to keep us viable when markets turn down, or when Mother Nature reminds us who’s really in
charge.
―We should not apologize for pursuing policy that is not only in agriculture’s best interests, but in America’s best
interests.‖Owen noted that both the House and Senate bills ―are in conference committee hands, and work toward
completion is grinding forward, and I would emphasize grinding.‖Owen believes a farm bill will emerge from the
conference committee this month, ―and it will be approved by Congress, hopefully in January. Our detractors are not
going away, but as farmers, our purpose is as great as it’s ever been.‖

Higher prices seen in 2014
By Cai U. Ordinario, BusinessMirror
Posted at 12/26/2013 8:21 AM | Updated as of 12/26/2013 8:21 AM
MANILA, Philippines - The destruction wreaked by super typhoon Yolanda (international code name Haiyan)
on sectors like agriculture will push commodity prices higher for Filipino consumers in 2014, according to a
local economist.But University of Asia and the Pacific Associate Prof. Victor Abola was quick to add that food
prices, particularly that of rice, are not likely to increase as there is a rice surplus in countries such as Thailand,
Vietnam, Cambodia and India that can provide rice supply to the Philippines through importation.Abola told
reporters inflation could settle at around 4 percent next year and while this is within the 3-percent to 5-percent
target set by the Bangko Sentral ng Pilipinas (BSP), it is higher than this year’s average of a little over 3
percent.
The impact of Yolanda on both inflation and economic growth, Abola said, could last for the duration of the
entire first semester or from January to June next year. Abola maintained his forecast that growth will still be

Cell # 92 321 369 2874

within the 7-percent range next year.The initial effect [will be] in the first quarter [because there was a]
destruction of productive capacity mostly in the agriculture [sector],‖ Abola said.But he said the oversupply of
rice in Thailand, Vietnam and Cambodia is making rice prices cheap in the international market.Abola said this
was brought about by the reaction of farmers after the 2008 rice price crisis where farmers were encouraged to
plant more because of the high price of the commodity.―Even in the case of [Typhoon] Ondoy, my analysis was
[there will be high inflation in] six months and [this] will dissipate in six months. So we are looking at two
quarters essentially, in the fourth quarter this year and in the first quarter of next year,‖ Abola said.
Earlier, Socioeconomic Planning Secretary Arsenio M. Balisacan said the total damage and loss from Yolanda
has been initially estimated at P571.1 billion. This, he said, includes physical assets, reductions in production,
sales and income, as well as the value of increased operating costs resulting from the disaster.The
Reconstruction Assistance on Yolanda plan said the typhoon caused some P33.98 billion in damages and losses
to infrastructure; agriculture, P62.11 billion; industry and services, P116 billion; and education, P23.9
billion.Data also showed the damage to health is worth P5.57 billion; housing, P325.24 billion; and local
government, P4.3 billion. The plan also said about 90 percent of the total damages and losses have fallen on the
private sector with the remaining 10 percent on the public sector.

Millers clamp down on rice release to hold prices
OUR CORRESPONDENT

India's rice exports to Iran and Nigeria to remain strong.

KARNAL, DEC. 26:

The rice market is likely to rule without much change on
account of steady demand and ample stocks in the coming
days, said trade experts.With trading being lukewarm in the
market, prices of almost all the varieties except Sharbati
(steam) remained unchanged .Amit Chandna, Proprietor of
Hanuman Rice Trading Company, told Business Line that
domestic demand has failed to pick up and hence, rice millers
are releasing limited stocks in the market to keep prices
stable.Trading has been lacklustre since mid-December, he
said.According to trade experts, the market is likely to rule
around current levels over the next few days and may witness some alteration in the first week of January. In
the physical market, Pusa-1121 (steam) sold at Rs 8,400-8,500, while Pusa-1121 (sela) quoted at Rs 7,500 a
quintal.
Pure Basmati (Raw) quoted at Rs 12,500. Duplicate basmati (steam) sold at Rs 7,300.

Cell # 92 321 369 2874

Sharbati (Steam) dropped by Rs 200 and sold at Rs 4,800 while Sharbati (Sela) was quoted at Rs 4,500.
Permal (raw) sold at Rs 2,300, Permal (sela) at Rs 2,350, PR-11 (sela) sold at Rs 3,100 while PR-11 (Raw) was
at Rs 2,950. PR14 (steam) sold at Rs 3,200.
Paddy arrivals
Around 20,000 bags of Pusa-1121 arrived and sold at Rs 3,850-4,000, 5,000 bags of Sharbati arrived and sold at
Rs 2,100-2,320, while around 5,000 bags of Suagndha-999 went for Rs 2,600-75 a quintal.
(This article was published on December 26, 2013)
Keywords: rice futures, rice prices
Post Comment

Rice millers hurt by political standoff
Paddy supply comes to a halt
Ahmed Humayun Kabir Topu, Pabna

Rice producers in Pabna are apprehensive over the political stalemate that has affected distribution and left
about 15,000 workers sitting idle. Most rice mills in the district remain closed as there is virtually no paddy
collection or sales for a lack of transportation. The government's aman procurement drives began on December
1, with targets to procure 10,866 tonnes by February 28, said Md Moyen Uddin, district controller of food. The
drive may miss targets due to the lingering political turmoil, he added. ―Since December 1, we have procured
just 1,234 tonnes of rice. At this rate, we are not sure if we can meet the target.‖
A mere 491 rice mills made agreements with the government to supply 7,458 tonnes of rice; other millers in the
district are reluctant to make a promise as production costs have increased due to the continuous blockades,
Main Uddin said.According to officials at the district food office, 849 rice mills used to produce 52,000 tonnes
of rice in every 15-day cycle, but production stopped last month for the political impasse. ―Rice traders could
not receive paddy from the northern and southern districts due to the blockades for a month.
Due to a lack of paddy, most rice mills remained shut that hampered production,‖ said Md Idris Ali Bishwas,
president of the district rice mill owners association.A few rice mills in Ishwardi upazila continued production
with low amounts of paddy that increased production costs. ―Previously, I used to bring 200 to 250 bags of
paddy a day to produce approximate 100 bags of rice. But in the last two weeks, I had to keep my mill shut for a
lack of paddy,‖ said Md Sadek Ali Bishwas, a rice mill owner.Transporters are now charging about Tk 25,000
for a truck carrying rice to Dhaka, up from Tk 12,000-14,000, which is also increasing prices, he added.
Published: 12:00 am Friday, December 27, 2013 Last modified: 4:13 am Friday, December 27, 2013

Cell # 92 321 369 2874

TABLE-India Grain Prices-Delhi- Dec 26
Rates by Asian News International, New Delhi
Tel: 011 2619 1464
Indicative
Grains

Previous

opening

close

(in rupees per 100 kg unless stated)
---------------------------------------------------------Wheat Desi

1,725-2,525

1,725-2,525.

Wheat Dara

1,800-2,000

1,760-1,960.

Atta Chakki (per 10 Kg)
Roller Mill (per bag)

Rice Basmati(Common)

I.R.-8
Gram
Peas Green

1,900-2,000.

1,850-1,950

Rice Basmati(Lal Quila)

Rice Sela

1,900-2,000.

1,900-2,000

Rice Basmati(Sri Lal Mahal)

Rice Permal

215-240.

1,920-2,025

Maida (per bag)
Sooji (per bag)

215-240

1,850-1,950.

12,000
11,500

11,500.

7,500-7,900

2,450-2,600
3,325-3,600
2,350-2,500
3,300-3,600
3,450-3,750

12,000.

7,400-7,800.

2,450-2,600.
3,350-3,550.
2,350-2,500.
3,300-3,600.
3,500-3,800.

Cell # 92 321 369 2874

Peas White
Bajra
Jowar white

2,600-2,700
1,350-1,600
1,800-2,050

2,600-2,700.
1,350-1,600.
1,950-2,250.

Maize

1,500-1,800

1,500-1,800.

Barley

1,500-1,550

1,500-1,550.

Guwar

3,300-3,900

3,300-3,900.

Source: Delhi grain market traders.

Rice basmati rises on stockists buying
Press Trust of India | New Delhi
December 26, 2013 Last Updated at 15:16 IST
Prices of rice basmati rose by Rs 200 per quintal at the wholesale grains market today on stockists buying
against slowdown in arrivals from producing regions. However, other grains ruled steady in scattered deals.
Traders said stockists buying following rising demand against restricted arrivals from producing belts mainly
pushed up rice basmati prices. In the national capital, rice basmati common and Pusa-1121 variety rose by Rs
200 each to Rs 8,600-8,800 and Rs 7,950-8,450 per quintal, respectively. The following were today's quotations
per quintal:
Wheat MP (deshi) 2,070-2,270, Wheat dara (for mills) 1,660-1,665, Chakki atta (delivery) 1,665-1,670 Atta
Rajdhani (10 kg) 220, Shakti bhog (10 kg) 220, Roller flour mill 920-930 (50 kg), Maida 970-990 (50 kg) and
Sooji 1,010-1,030 (50kg).
Basmati rice (Lal Quila) 10,400, Shri Lal Mahal 10,000, Super Basmati Rice, 9,500, Basmati common new
8,600-8,800, Rice Pusa-(1121) new 7,950-8,450, Permal raw 2,100-2,200, Permal wand 2,275-2,300, Sela
2,950-2,975 and Rice IR-8- 1,875-1,900, Bajra 1,320-1,325, Jowar yellow 1,400-1,450, white 2,300-2,500,
Maize 1,405-1,410, Barley 1,400-1,410, Rajasthan 1,080-1,090.

Cell # 92 321 369 2874

Vietnamese rice most expensive in Asia?
HA NOI (VNS)— The November Market Review by global rice market
news provider Oryza has shown that that the price of Vietnamese rice
remains the most expensive across Asia.According to data released last
Friday, Vietnamese five percent broken rice was sold for US$410-420 per
tonne, down $20 per tonne from two weeks ago, but higher by $10 per
tonne from one month ago.The price of Thai rice (of the same variety), in
comparison, declined $15 per tonne to $380 per tonne from two weeks ago.
The price was also lower by $25 per tonne from one month ago. Compared
with the same period last year, the Vietnamese rice price is higher by $5 per
tonne, while the price of Thai rice fell $170 per tonne during the same
period.Do Van Hao, an expert at the Institute of Policy and Strategy for Agriculture and Rural Development,
told Biz Hub that in recent times, there have been a few instances when the export price of Vietnamese rice
surpassed that of Thai rice.
He pointed out that it was not the first time that the Vietnamese rice price had climbed higher than the Thai rice
price because such a phenomenon had occurred in the past, although for very short durations."There are some
reasons that have pushed the price of Viet Nam's rice higher than the price of Thai rice recently. First, Viet Nam
won a contract to export 500,000 tonnes of rice to the Philippines on November 25. The lowest price under this
contract was $462.25 per tonne, while Thai rice fetched a price of $475 per tonne. That has stimulated demand
for Vietnamese rice and raised export prices," he said.Second, Thailand has permitted its rice granaries to export
rice stored from earlier harvests. Currently, its granaries store tens of millions of tonnes of rice and the
increasing exports have led to falling prices, he noted.Third, the exchange rate between the Thai baht and the
US dollar has seen an increasing trend, which has lowered the price of rice in the local currency," he
added.Echoing the same sentiment, agricultural expert Vo Tong Xuan noted that while Viet Nam is exporting
its latest rice harvest, Thailand is selling rice from its granaries, leading to price disparities."Enterprises
exporting rice to China and Africa have lowered their reserves.
Now, in the middle of December, we cannot purchase rice from farmers because the third crop was harvested in
November. Lower supply is one of the reasons that have pushed the price higher," he added."I think the current
price is suitable because Thailand is not lowering the price of its high-quality rice. Right now, Cambodia is
harvesting a new crop and a portion of that will be exported to Viet Nam," he said.Hao shrugged off worries
about importing rice from overseas while the price is high, noting that price disparities are currently not too
wide. He also pointed out that the variety of rice exported is different from that consumed in Viet Nam.Hao
added that "Thai rice could, however, be imported for domestic consumption if its price is much lower than that
of Vietnamese rice.""Recently, Viet Nam has imported large quantities of rice from Thailand, and if Thai rice is
cheap and of good quality, the level of imports could increase," he said.According to the Viet Nam Food
Association (VFA), between January 2013 and December 19, the quantity of rice exports reached 6.325 million
tonnes, which had a free-on-board (FOB) value of $2.735 billion and a Cost, Insurance and Freight (CIF) value
of $2.848 billion.Between December 1 and December 19, the quantity of rice exported was 183,897 tonnes,

Cell # 92 321 369 2874

which had an FOB value of $86.569 million and a CIF value of $91.969 million.Speaking to the Vneconomy
newspaper, general secretary Huynh Minh Hue said the total quantity of rice exports for 2013 is estimated at
around 6.6 million of tonnes, lower than expected. The VFA had set a goal of exporting 7.5 million tonnes of
rice at the beginning of 2013. — VNS
In Snap: Rice is packed for export at Gao Viet Company. The price of Vietnamese rice remains the most
expensive across Asia, according to a market review. — VNA/VNS Photo Thanh Vu

Nagpur Foodgrain Prices Open- December 26
Thu Dec 26, 2013 7:05pm IST
Nagpur, Dec 26 (Reuters) - Gram prices in Nagpur Agriculture Produce and Marketing Committee (APMC)
reported down on lack of demand from local millers amid poor quality arrival. Easy condition on NCDEX,
fresh fall in Madhya Pradesh gram prices and increased supply from producingregions also pushed down prices,
according to sources.
*

*

*

*

FOODGRAINS & PULSES
GRAM
* Desi gram raw recovered in open market on good demand from local traders amid poor
crop reports in this season.
TUAR
* Tuar gavarani and tuar Karnataka reported higher in open market on renewed demand
from local traders amid weak supply from producing regions.
* Udid varieties firmed up in open market on good buying support from local traders
amid weak supply from producing belts.
* In Akola, Tuar - 4,300-4,450, Tuar dal - 6,700-6,700, Udid at 4,800-5,100,
Udid Mogar (clean) - 5,700-6,000, Moong - 7,000-7,300, Moong Mogar
(clean) 7,900-8,100, Gram - 2,800-3,000, Gram Super best bold - 4,000-4,200
for 100 kg.
* Wheat, 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

Cell # 92 321 369 2874

FOODGRAINS
Available prices Previous close
Gram Auction
2,500-2,650
2,570-2,770
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
3,800-4,200
3,800-4,200
Gram Super Best
n.a.
Gram Medium Best
3,600-3,800
3,600-3,800
Gram Dal Medium
n.a.
n.a.
Gram Mill Quality
3,200-3,400
3,200-3,400
Desi gram Raw
2,750-2,850
2,700-2,800
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
5,900-6,100
5,900-6,100
Tuar Dal Medium phod
5,500-5,700
5,500-5,700
Tuar Gavarani
4,250-4,350
4,200-4,300
Tuar Karnataka
4,450-4,550
4,400-4,500
Tuar Black
7,000-7,100
7,000-7,100
Masoor dal best
5,300-5,400
5,300-5,400
Masoor dal medium
5,000-5,100
5,000-5,100
Masoor
n.a.
n.a.
Moong Mogar bold
8,400-8,600
8,400-8,600
Moong Mogar Medium best
7,800-8,000
7,800-8,000
Moong dal super best
7,200-7,600
7,200-7,600
Moong dal Chilka
6,800-7,000
6,700-6,900
Moong Mill quality
n.a.
n.a.
Moong Chamki best
6,000-6,800
6,000-6,800
Udid Mogar Super best (100 INR/KG) 6,500-7,000
6,500-6,800
Udid Mogar Medium (100 INR/KG) 5,800-6,100
5,800-6,000
Udid Dal Black (100 INR/KG)
4,700-5,000
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)
3,100-3,200
3,100-3,200
Watana Green Best (100 INR/KG) 4,550-4,900
4,550-4,900
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

Cell # 92 321 369 2874

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)
3,300-3,500
3,300-3,500
Rice Parmal (100 INR/KG)
1,900-1,950
1,900-1,950
Rice Swarna Best (100 INR/KG) 2,550-2,700
2,550-2,700
Rice Swarna Medium (100 INR/KG) 2,300-2,450
2,300-2,450
Rice HMT (100 INR/KG)
4,300-4,500
4,300-4,500
Rice HMT Shriram (100 INR/KG) 4,800-5,200
4,800-5,200
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)
5,500-5,900
5,500-5,900
Rice Chinnor Medium (100 INR/KG) 5,100-5,400
5,100-5,400
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. 28.9 degree Celsius (84.0 degree Fahrenheit), minimum temp.
13.0 degree Celsius (54.4 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : nil
FORECAST: Mainly clear sky. Maximum and Minimum temperature likely to be around 29 and 13 degree
Celsius respectively.
Note: n.a.--not available:(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.)

Iraq issues tender to buy at least 30,000 tonnes of rice
Reuters Middle East – 22 hours ago(Reuters) - Iraq issued a tender to buy at least 30,000 tonnes of
rice, with long-grain supplies which can be sourced from the United States, Uruguay, Thailand and Argentina, a
trade ministry statement said on Thursday.The closing date for the tender is Jan. 13, and offers must be valid
until Jan. 17.In its previous rice tender which closed on Dec. 8, Iraq rejected all offers and made no purchase
due to high prices asked by traders, a trade ministry source said. (Reporting by Ahmed Rasheed; Editing by
Louise Ireland).

Cell # 92 321 369 2874

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